New Technology Acquisition Holdings (NTAC)

[threewheeler]

Sale of Global Star Holdings Limited
Subsequent to June 30, 2021, the Company sold its East Africa EPC operations to Al Fada Equity
Holdings Ltd (UK). Al Fada Equity Holdings Ltd. (UK) executed a collateralized Note in the principal
amount of USD $38 Million. 10x our MC just here The Note is convertible in stock of Al Fada Equity Holdings Ltd. (UK) payable
according to its terms and conditions. Al Fada Equity Holdings Ltd. (UK) intends to include said shares in
a SPAC to be listed on the NYSE in the fourth quarter of 2021. Currently, the current assets of Al Fada
Equity Holdings Lt. (UK) exceed the principal amount of the Note by more than 12:1 )