Press Releases

Katipult Announces Grant of Restricted Share Units to Independent Directors

VANCOUVER, Oct. 26, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND - Frankfurt: K10) ("Katipult" or the "Company") announces that it has granted restricted share units (the "RSUs") under the Company's Restricted Share Unit Plan (the "Plan") to each of its five independent directors (the "RSU Recipients"). In aggregate, 443,557 RSUs have been granted. These grants represent compensation to the RSU Recipients for their service on the board of directors of the Company and as an incentive mechanism to foster the interest of such persons in the success of the Company. None of the RSU Recipients currently receive any other form of compensation from the Company for their service as independent directors, whether in cash or by way of equity stock options.

Each RSU will represent the right to receive one common share of the Company upon vesting. All of the RSUs will vest upon the date the Company holds its 2019 annual general meeting of shareholders, subject to the terms and conditions set forth in the Plan.

About Katipult

Katipult (www.katipult.com) is a financial technology company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.

ON BEHALF OF THE BOARD OF DIRECTORS

Marcus Shapiro, Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.