Sam Byrne opened the scoring after 20 minutes by smashing the ball into the bottom corner of the net following some intricate footwork. The lead lasted only 10 minutes as Aaron Patterson hit a low shot past Kieran O'Hara to level matters.
Although Andreas Pereira grabbed his first goal since arriving from PSV Eindhoven with a close-range header, a second Tyrone equaliser, when the ball fell to the feet of Sammy McElvey inside the box, forced another shoot-out.
Liam Grimshaw hit the woodwork but James Weir, James Wilson, Joe Rothwell all netted from 12 yards and Pereira, who had missed in Wednesday's penalties defeat to Strikers FC, showed great character to slot in the winner. So the Reds finished third in the Globe competition and seventh overall at the annual event.
United: O'Hara; Weir, McConnell, McNair, Rowley; Pearson, Rothwell, Pereira, Goss; Byrne, Wilson. (Substitutions not included).