Item 8.01 Other Events

On July 13, 2021 Orbsat Corp (the "Company") announced that its Global Telesat Communications ("GTC") unit has entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce website owned and operated by Alibaba Group Holding Limited, also known as Alibaba Group (NYSE: BABA; HKEX: 9988), a Chinese multinational technology company specializing in e-commerce, retail, internet, and technology. GTC will be a Gold-level Supplier on Alibaba.com, the world's largest Business-to-Business (B2B) e-commerce website.

Under the agreement entered into by GTC, attached hereto as Exhibits 10.29, 10.30, and 10.31, GTC significantly expands its 24/7/365 e-commerce presence with the launch of its latest global storefront. Orbsat expects to launch its new storefront during the third quarter with an extensive range of satellite IoT and connectivity products. These will include Orbsat's specialized satellite tracking products, some of which operate using the Company's many ground station based network processors, and can be used to track and monitor the location of cars, trucks, trailers, boats, containers, animals, and other remote assets. Orbsat's full catalog of 500+ products and connectivity services will be available on Alibaba.com by the start of the first quarter of 2022.

The Company will pay an annual fee of $5,999 under the agreement. The agreement will continue on an year-to-year basis.

A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The foregoing disclosure is qualified by the full text of the press release.

Item 9.01. Financial Statements and Exhibits.





Exhibits.



Exhibit No.   Description

10.29           Alibaba.com Supplemental Services Agreement
10.30           Alibaba.com Transaction Services Agreement
10.31           Alibaba.com Terms of Use
99.1            Press Release Dated July 13, 2021

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