Jackpot Digital Inc. has entered into a loan agreement with Barbara Cheer, an arm's length party (the "Lender") for the principal amount of $150,000, has a term of 12 months, bears interest at the rate of 10% per annum payable on a quarterly basis, and the Company is required to issue to the Lender 600,000 Bonus Shares (the Loan). The Loan is subject to the TSX Venture Exchange acceptance.