NOTE 13 — RELATED PARTY TRANSACTIONS

The Company conducts transactions with related parties under standard commercial terms and follows appropriate procedures to protect the Company’s interests. Below are the related party transaction details as of June 30, 2026, and December 31, 2025.

Short-Term Loan Payables

 SCHEDULE OF RELATED PARTY TRANSACTION

Non-Trade Payables

The Company has non-trade payables due to Hangmuk Shin in the amount of KRW 3.4 million and to Jaeman Lee in the amount of KRW 6.8 million. These amounts represent unreimbursed business trip expenses that were personally paid on behalf of the Company and are recorded as non-trade payables.

Short-Term Loan Payables

Taehoon Kim (CEO)

- On January 8, 2025, the Company entered into a short-term loan agreement with Taehoon Kim with a principal amount of $569 and an interest rate of 0%. The loan matured on January 7, 2026 and remained outstanding at June 30, 2026. The Company subsequently repaid the loan principal in full on July 2, 2026.

Jaeman lee (Family of an independent director)

- The Company entered into a short-term loan agreement with Jaeman Lee for the period from July 1, 2024, to December 31, 2024, and the outstanding loan balance as of December 31, 2024, was $255,286.

(The loan was partially deposited in KRW, which may result in a slight difference in the loan amount when converted to USD due to exchange rate fluctuations.)

- On February 4, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 7,000,000 (USD 4,764). It matured on February 3, 2026.

- On February 7, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 29,144,850 (USD 21,000). It matured on February 6, 2026.

- On April 7, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 510,000 (USD 347), and the maturity date is April 6, 2026. The principal remained outstanding as of June 30, 2026 and was subsequently repaid in full on July 8, 2026. There was no default interest or penalties.

- On February 17, 2025, Jaeman Lee, with the Company’s consent, transferred the Company’s loan of $210,000 (KRW 300,000,000) to Evan Trust.

GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

NOTE 13 — RELATED PARTY TRANSACTIONS (cont.)

Short-Term Loan Payables (cont.)

- On April 11, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 1,020,000 (USD 699), and the maturity date is April 10, 2026. The principal remained outstanding as of June 30, 2026 and was subsequently repaid in full on July 8, 2026.

- On May 5, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 1,000,000 (USD 701), and the maturity date is May 4, 2026. The principal remained outstanding as of June 30, 2026 and was subsequently repaid in full on July 8, 2026.

- On July 2, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 150,000 (USD 110), and the maturity date is July 1, 2026. The principal and interest will be repaid at maturity.

- On July 24, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 6,130,000 (USD 4,444), and the maturity date is July 23, 2026. The principal and interest will be repaid at maturity.

- On August 5, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 146,000 (USD 105), and the maturity date is August 4, 2026. The principal and interest will be repaid at maturity.

- On December 3, 2025, the Company entered into a short-term loan agreement with Jaeman Lee at an annual interest rate of 4.6%. The principal amount of the loan was KRW 1,212,420 (USD 825), and the maturity date is December 3, 2026. The principal and interest will be repaid at maturity. 

- The loans from Jaeman Lee that matured between February and May 2026 were not repaid at maturity and remained outstanding, with interest continuing to accrue at 4.6% per annum, until they were repaid on July 8, 2026. As of June 30, 2026, the aggregate balance of loans payable to Jaeman Lee was $79,619 (December 31, 2025: $84,733).

- The loans from Jaeman Lee that matured between July and August 2026 were not repaid at maturity and remained outstanding, with interest continuing to accrue at 4.6% per annum.

Hangmuk Shin (Greater than 10% shareholder)

- The Company entered into a short-term loan agreement with Hangmuk Shin for the period from July 1, 2024, to December 31, 2024, and the outstanding loan balance as of December 31, 2024, was $94,321 (The loan was partially deposited in KRW, which may result in a slight difference in the loan amount when converted to USD due to exchange rate fluctuations.)

- On January 14, 2025, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 4.6%. The principal amount was KRW 3,310,000 (USD 2,249). It matured on January 13, 2026.

- On March 6, 2025, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 4.6%. The principal amount was KRW 6,500 (USD 4). It matured on March 5, 2026.

- On March 24, 2025, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 4.6%. The principal amount was KRW 50,000 (USD 34). It matured on March 23, 2026.

- On March 26, 2025, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 4.6%. The principal amount was KRW 50,000 (USD 34). It matured on March 25, 2026.

GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

NOTE 13 — RELATED PARTY TRANSACTIONS (cont.)

Short-Term Loan Payables (cont.)

- On May 7, 2025, the Company issued 90,123 shares of Common Stock at a conversion price of $1.19 per share, together with warrants to purchase 81,739 shares of Common Stock at an exercise price of $1.29 per share and expiring on the fifth anniversary of the issuance date, in connection with the conversion of $105,444 of indebtedness payable to Hangmuk Shin.

- On December 31, 2025, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 4.6%. The principal amount was KRW 10,000,000 (USD 6,969), and the maturity date is December 30, 2026. The principal and interest will be repaid at maturity.

- On January 2, 2026, the Company repaid KRW 2,800,000 (USD 1,936) to Hangmuk Shin, reducing the outstanding principal of the December 31, 2025 loan to KRW 7,200,000.

- On January 16, 2026, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 0%. The principal amount was KRW 30,000 (USD 20), and the maturity date is January 15, 2027. The principal and interest will be repaid at maturity.

- On January 23, 2026, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 0%. The principal amount was KRW 5,000,000 (USD 3,415), and the maturity date is January 22, 2027. The principal and interest will be repaid at maturity.

- On February 3, 2026, the Company entered into a short-term borrowing agreement with Hangmuk Shin at an interest rate of 0%. The principal amount was KRW 250,000 (USD 172), and the maturity date is February 2, 2027. The principal and interest will be repaid at maturity.

- As of June 30, 2026, the aggregate principal outstanding to Hangmuk Shin was KRW 12,480,000 (USD 8,075) (December 31, 2025: KRW 10,000,000, or USD 6,969). The loans entered into in January and March 2025 were no longer outstanding at December 31, 2025; the December 31, 2025 loan, as reduced by the January 2, 2026 repayment, and the loans entered into in January and February 2026 remained outstanding at June 30, 2026.

PixelArc, LLC

- On February 18, 2025, the Company entered into a short term borrowing agreement with PixelArc, LLC at an interest rate of 8%. The principal amount was USD $86,666 and the maturity date was March 14, 2026.

- On April 18, 2025, the Company entered into a short term borrowing agreement with PixelArc, LLC at an interest rate of 0%; the principal amount was USD $86,000. The maturity date was May 15 2025.

- On May 20, 2025, the Company accepted PixelArc’s proposal and the total loan principal balance of USD $172,666 was converted into 246,666 shares at $0.7 per share, following the default of the April 18, 2025 loan. The shares were issued on May 24, 2025. Accrued interest in the amount of USD $3490.44 remains outstanding.

- On August 18, 2025, the Company entered into an interest free short term borrowing agreement with PixelArc, LLC, the principal amount was USD $1,000, repayable upon demand.

- On February 24, 2026, the Company entered into an interest free short term borrowing agreement with PixelArc LLC, the principal amount was $500 and the maturity date is February 24, 2027.

- As of June 30, 2026, the principal balance of the loans from PixelArc, LLC was $1,500. On July 2, 2026, subsequent to quarter end, the Company repaid all of the outstanding loan principal and accrued interest in full.

GLOBAL INTERACTIVE TECHNOLOGIES, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements