Madison Technologies enters $2M secured loan agreement with Top Dog Productions; supports planned acquisition

Madison Technologies Inc.

Loan commitment up to $2,000,000 at 5% interest; matures September 9, 2022.
Loan secured by all assets of borrower; owners provide non-recourse carve-out guaranty.
Proceeds to support Top Dog's sale to Madison under Stock Acquisition Agreement dated same day.
Default interest rate increases to 24% per annum upon event of default.

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