X0306 5 2017-12-31 0 0 0 0001318482 SHOAL GAMES LTD. SGLDF 0001278521 WILLIAMS TRYON M C/O SHOAL GAMES LTD SUITE 103, 1715 COOK STREET VANCOUVER A1 V5Y 3J6 BRITISH COLUMBIA, CANADA 1 1 1 0 Executive Chairman Common Stock 16933281 D Common Stock 2877465 I Discretionary Trust Warrants 0.52 2017-06-16 2018-06-15 Common Stock 200000 200000 D Employee Stock (Right to Buy) 0.43 2016-12-22 2021-12-22 Common Stock 100000 125000 D Employee Stock (Right to Buy) 0.43 2017-11-08 2022-11-08 Common Stock 25000 125000 D Mr. Williams is a potential beneficiary of several discretionary trusts that hold approximately 80% of Bingo, Inc. Bingo, Inc. is the holder of these securities. Mr. Williams was granted 100,000 stock options at CAD$0.54 (approximately US$0.43) on December 22, 2016. These options vest immediately. Mr. Williams was granted 25,000 stock options at CAD$0.54 (approximately US$0.43) on November 8, 2017. These options vest immediately. Mr T.M. Williams holds 200,000 warrants of Shoal Games Ltd. The exercise price of the warrants is CAD$0.55 (approximately US$0.44) per share for the first six months following closing and $0.65 (approximately US$0.52) per share for the period which is 7-12 months following closing. /s/T. M. Williams 2018-02-05