Mr. Joseph Arrage reports

CLIP MONEY INC. ANNOUNCES COMMERCIAL PARTNERSHIP

Clip Money Inc. has entered into a master service agreement in respect of a commercial partnership that provides for a joint go-to-market and solution development, with both parties providing operational and technology elements and expertise.

The agreement provides for an upfront commercial fee of $1.75-million (U.S.) payable to the company on signing of the agreement, and up to an additional $2.75-million (U.S.) in payments contingent on the achievement of specified milestones, representing a total potential contract value of up to $4.5-million (U.S.).

The agreement has an initial term of seven years, with automatic renewals for successive two-year terms unless the agreement is terminated in accordance with its terms. The agreement does not include minimum revenue or purchase commitments beyond the commercial integration and milestone-based payments described above.

About Clip Money Inc.

Clip operates a multibank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box, ClipATM or ClipCenter located near them. After being deposited, the funds will automatically be credited to the business's bank account, usually within one business day. The company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States.

We seek Safe Harbor.