Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective September 26, 2017, the Board of Directors (the “Board”) of Digiliti Money Group, Inc. (the “Company”) elected Cliff Mason to the Board.

Mr. Mason is currently the President of Total Administrative Services Corporation, the nation’s largest, privately held, third-party administrator for employee benefits programs. He has more than 25 years of experience in financial services, including payment networks, processors and professional services. Moreover, he has extensive experience in ACH, card, check, credit, debit, prepaid and alternative systems of payment, including digital banking solutions.

Previously, Mr. Mason served as Executive Vice President of Payment Technologies with Swift Exchange, LLC (“Swift”), where he led multiple teams focused on facilitating Swift’s strategy for in-store payments with enterprise merchants in North America. Prior to joining Swift, Mr. Mason served as Senior Vice President of Sales for TxVia, a payments technology company with revenues that grew from $5 million to over $70 million prior to its acquisition by Google. Prior to joining TxVia, Mr. Mason served in various leadership roles at eCache and TSYS.

Mr. Mason earned a B.S. degree in Finance from Villanova University. He currently serves as Chairman of the Board of Directors for Urban FT, a party to a proposed merger, share exchange, asset acquisition or similar business combination resulting in the acquisition by the Company of Urban FT or its assets (the “Proposed Acquisition”).

Mr. Mason has no family relationship with any other officer or director of the Company. Except for the Proposed Acquisition, neither Mr. Mason nor any immediate family member of Mr. Mason has a material interest in any transaction with the Company involving the payment or receipt of at least $120,000.