LONG ISLAND CITY, N.Y., Nov. 16, 2018 /PRNewswire/ -- Frankly
Inc. (TSX VENTURE: TLK) ("Frankly" or the "Company"), a leader in transforming local TV broadcast and media
companies by enabling them to publish and monetize their digital content across multiple platforms, today announced the adoption
of an amended and restated equity incentive plan (the "Restated Plan"), which amends the equity incentive plan of the
Company currently in place (the "Current Incentive Plan").
Incentive Plan
The Current Incentive Plan allows the board of directors of the Company (the "Board") to grant incentive stock options
and non-statutory stock options ("Options"), as well as restricted stock units ("RSUs") to of?cers, employees,
directors and consultants of the Company. Under the Current Incentive Plan, a maximum of 435,000 common shares of the Company
("Common Shares") may be reserved and set aside for issuance upon the grant or exercise of Options or RSUs (the
"Compensation Plan Limit"). The Current Incentive Plan also contemplated that, upon the listing of the Common Shares on
the NASDAQ Stock Market and the completion of a concurrent USD $5,000,000 financing (the
"Offering"), the Compensation Plan Limit under the Current Incentive Plan would be automatically amended to a ?xed number
of Common Shares equal to 20% of the aggregate number of Common Shares issued and outstanding at the close of trading on the date
of the Offering (the "Automatic NASDAQ Increase").
The Restated Plan, effective as of November 16, 2018, is amended to remove the Automatic NASDAQ Increase and increases
the Compensation Plan Limit to 532,031 Common Shares. The Restated Plan remains subject to the approval of the TSX Venture
Exchange and disinterested shareholder approval.
About Frankly
Frankly (TSX VENTURE: TLK) builds an integrated software platform for media companies to create, distribute, analyze and
monetize their content across all of their digital properties on web, mobile and TV. Its customers include NBC, ABC, CBS and FOX
affiliates. The Company is headquartered in New York. To learn more, visit www.franklyinc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This release includes forward-looking statements regarding Frankly and its business. Forward-looking events and
circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a
result of known and unknown risk factors and uncertainties affecting the parties including the lack of regulatory or shareholder
approval for the Restated Plan. No forward-looking statement can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly
update or revise any forward- looking statement, whether as a result of new information, future events, or otherwise.
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SOURCE Frankly, Inc.