On August 31, 2015, Triton Emission Solutions Inc. entered into a loan agreement with KF Business Ventures, LP (the Lender). Robert C. Kopple, Chairman of the Company's Board of Directors, is the principal of the Lender. The Third KF Loan Agreement is in addition to the $2,000,000 loan agreement entered into by the Company and the Lender on January 15, 2014 and as amended on March 10, 2014 and September 8, 2014, and to the $2,400,000 loan agreement entered into by the Company and the Lender on July 28, 2014.

Under the terms of the Third KF Loan Agreement, the Lender agreed to lend to the Company $200,000 in exchange for an unsecured Promissory Note. Outstanding principal under the Third KF Loan Agreement will bear interest at a rate of 6% per annum, compounded monthly, until the outstanding principal amount is paid in full. The loan is payable on demand, however not earlier than 90 days following execution of the Third KF Loan Agreement.