Gorilla Technology Group Inc. Ordinary Shares (par value $0.0001 per share) Controlled Equity Offering Sales AgreementSales Agreement • August 17th, 2023 • Gorilla Technology Group Inc. • Services-prepackaged software • New York
Gorilla Technology Group Inc., a company organized under the laws of the Cayman Islands (the “Company”), confirms its agreement (this “Agreement”) with Cantor Fitzgerald & Co., (the “Agent”), as follows:
ContractGorilla Technology Group Inc. • August 17th, 2023 • Services-prepackaged software
On June 26, 2023, Gorilla entered into a Firm-Fixed Price Contract for Supply & Installation of Equipment (the “Egypt Contract”) with the Government of the Arab Republic of Egypt (“GoE”). The Egypt Contract, which is denominated in Egyptian pounds (“EGP”), entitles Gorilla to receive approximately EGP 8.4 billion (the “Contract Price”) (or $273 million, based on the exchange rate as of August 15, 2023) over a four-year term for delivery of certain goods and services to the GoE. Gorilla would receive an advance payment of EGP 600 million (or $19 million, assuming such exchange rate) at signing, and the payment plan provides that Gorilla would receive approximately EGP 1.0 billion in 2023, EGP 3.0 billion in 2024, EGP 3.1 billion in 2025, and EGP 740 million in 2026 (or $32 million, $98 million, $99 million and $24 million, respectively, assuming such exchange rate).
