eQube Gaming Limited announced that it has entered into a loan agreement with a company controlled by Mr. Andrew Janko, a director of the company, for a $800,000 secured non-amortizing loan bearing interest at 10% per annum and maturing October 19, 2019. The Loan is secured by one of the company's customer contracts. On the basis that the Lender is a director of eQube, the Loan is a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). eQube is not required to obtain a formal valuation under MI 61-101 with respect to the Loan because the Loan is a related party transaction described in paragraph (j) of the definition of "related party transaction" in MI 61-101. Section 5.4(1) of MI 61-101 provides that only related party transactions described in paragraphs (a) to (g) of the definition of related party transaction are subject to the formal valuation requirement. eQube is also exempt from the minority approval requirement of MI 61-101 in respect of the Loan, as pursuant to Section 5.7(1)(f) of MI 61-101, the Loan was negotiated on reasonable commercial terms and does not feature an equity conversion privilege or allow for eQube to repay the Loan in securities. The proceeds will be used to fund equipment purchases to satisfy customer contracts, software development, and general corporate purposes.