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A Fifth Amendment Agreement for Jackpot Digital Inc.

Vancouver, British Columbia–(Newsfile Corp. – September 23, 2024)

Jackpot Digital Inc. (TSXV: JJ) (TSXV: JJ.WT.B) (TSXV: JJ.WT.C) (OTCQB: JPOTF) (FSE: LVH3) (the “Company” or “Jackpot”) is pleased to announce that further to its news release dated July 10, 2023, the Company has entered into a Fifth Amendment Agreement (“Agreement”) with the Company’s major debentureholders regarding the outstanding debentures which have an aggregate principal and interest amount of Cdn$7,341,232 (US$5,520,969) as of September 17, 2024. The parties to the Agreement have agreed to an updated payment schedule.

This agreement marks a significant milestone for Jackpot Digital Inc. as it demonstrates the company’s commitment to maintaining strong relationships with its debentureholders and ensuring the ongoing financial stability of the organization. By renegotiating the payment schedule for the outstanding debentures, Jackpot Digital Inc. is taking proactive steps to manage its financial obligations and position itself for future growth and success.

As a leading provider of electronic table games and mobile gaming platforms, Jackpot Digital Inc. has built a reputation for innovation and excellence in the gaming industry. With this latest agreement, the company is reinforcing its position as a trusted and reliable partner for investors and stakeholders.

How will this affect me?

As a shareholder or investor in Jackpot Digital Inc., this Fifth Amendment Agreement is good news for you. By reaching a new payment schedule with its major debentureholders, the company is taking steps to improve its financial health and ensure its long-term viability. This could lead to increased confidence in the company’s ability to meet its financial obligations and potentially result in positive returns for shareholders.

How will this affect the world?

While the Fifth Amendment Agreement for Jackpot Digital Inc. may seem like a small financial deal, its ripple effects could have a broader impact on the gaming industry and the business world as a whole. By demonstrating its commitment to meeting its financial obligations and maintaining strong relationships with its debentureholders, Jackpot Digital Inc. is setting a positive example for other companies to follow. This commitment to financial responsibility and transparency could help to build trust and confidence in the business community, ultimately benefiting the global economy.

Conclusion

In conclusion, the Fifth Amendment Agreement for Jackpot Digital Inc. is a positive development for the company and its stakeholders. By renegotiating the payment schedule for its outstanding debentures, Jackpot Digital Inc. is demonstrating its commitment to financial stability and long-term success. This agreement not only benefits shareholders and investors but also sets a positive example for the business world at large. As Jackpot Digital Inc. continues to innovate and grow, this agreement serves as a testament to the company’s dedication to excellence and integrity in all its operations.