The Management Board of Cherrypick Games S.A. (the “Company”) announces that on 18 December 2018 it received a mutually signed annex (the “Annex”) to the overdraft agreement dated 17 May 2018 concluded with Bank Millennium S.A. (the “Agreement”). The purpose of the loan is to finance the Company’s day-to-day operations.

Under the Annex, the amount of the loan was increased to 3.5 million (previously PLN 1.5 million). The financing amount of PLN 3.5 million is valid until 16 May 2019.

The loan bears interest at a floating interest rate equal to the WIBOR 1M reference rate plus the bank’s margin. The loan is secured by a blank promissory note with a promissory note declaration issued by the Company and guaranteed, a de minimis guarantee granted by Bank Gospodarstwa Krajowego and a power of attorney to the Company’s other bank accounts held with the bank.

The Management Board of the Company, decided to publish information concerning the Annex, due to a significant increase in the value of the Agreement. The terms of the Agreement do not differ from those commonly used for this type of agreements.