#1QKA A SPEED T TAPINATOR Ticker: TAPM T Bo TAPINATOR VIDEO Investor Investor Presentation 2020 SSIC November 2020 88#2Forward Looking Statements TAPINATOR To the extent that statements contained in this presentation are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "targeted," "may," "will" "expect," "anticipate," "estimate," "intend," "forecast," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this presentation include, among others, financial guidance, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games and apps. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business and whether apps will achieve mainstream adoption. Tapinator undertakes no obligation to update or revise any forward-looking statements, including any financial guidance included herein, except as required by applicable securities laws. The quoting and trading of the company's common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national exchange. Accordingly, stockholders may have difficulty re-selling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company's Supplemental Information Report filed with the OTC Markets as provided here: https://backend.otcmarkets.com/otcapi/company/fin ancial-report/241817/content.#3Mission T Where We Are Going TAPINATOR Video Poker VIDEO Classic POKER CLASSIC GET Solitaire Derby GET Become one of the leading mobile gaming and social casino companies in the world. Castle Builder GET Crypto Trillionaire GET SPEED SPEED Heads - Up Solitaire GET#4T TAPINATOR Executive Team Bios Ilya Nikolayev Chief Executive Officer Co-Founder and CEO of Familybuilder, a pioneering Facebook application company, until the sale of the Company to Intelius in 2011. He grew the business to profitability, acquired over 41 million users on the web and on mobile devices. Prior to Familybuilder, Mr. Nikolayev worked in banking for JP Morgan and graduated cum laude with a BA from New York University. Andrew Merkatz President/CFO An accomplished company builder and early internet pioneer with 20+ years of experience. Mr. Merkatz spent 6+ years at Vision Capital where he led private and public investments in digital media and software technology. Mr. Merkatz was also a co-founder and COO of Site Specific, an early internet marketing agency, and co-founder of Familybuilder, a pioneering Facebook application company. Mr. Merkatz graduated cum laude with a BA from the University of Pennsylvania and earned his MBA from Harvard University. Was CMO at Spotify, the world's leading music streaming service, where he helped triple revenue growth to hit a $500 million run rate, and achieve 7.5 million DAU. Before Spotify, Teymour worked at Zynga as GM of Partnerships and at Google in various sales and operational roles. Teymour Farman-Farmaian Independent Director Georgi Darakev Led all feature development at Familybuilder. Mr. Darakev has extensive experience developing successful LAMP (Linux, Apache, MySQL, PHP) applications and web services. He is also an expert in scaling applications on AWS, S3, and Rightscale. Mr. Darakev has built products used by millions monthly on both the web & mobile. He earned his BS in Computer Science from Dowling College. VP Engineering 3#5Snapshot Category Leading Mobile Apps TAPINATOR L We develop and publish a portfolio of "Category Leading Games" that are evergreen and, we believe, have top grossing potential, with a focus on social casino games. We generate revenues via: (i) app store transactions, including in-app purchases & subscriptions, and (ii) branded advertisements. For 2019, our revenue was $3.8 million and our adjusted EBITDA was $176 thousand, up 31% and 40% year-over-year, respectively. For nine months ended Sept 30 2020, our revenue was $3.2 million and our adjusted EBITDA was $683 thousand, up 9% and 220%, respectively. Clean capital structure, and positive Adjusted EBITDA* every year since inception. Our apps have been downloaded more than 500 million times. *Adjusted EBITDA is a non-GAAP, unaudited financial measures. A reconciliation between GAAP and the non-GAAP measures presented herein have been provided in the appendix to this presentation.#6T Significant Market Opportunity Mobile Gaming is Large and Highly Lucrative Social Casino is Evergreen and Growing TAPINATOR Mobile Gaming Market $100 billion Global mobile and tablet gaming market in 2020. (1) 22 Mobile games that have generated over $1 billion of lifetime revenue. (2) 74% Percentage of app store spend driven by games in 2018. (3) 3h 35m Spent per day on mobile devices by the average American in 2018. (6) Social Casino Market (5) $ in billions $6.3 $6.6 $6.0 $5.7 $5.2 $4.5 9% CAGR 2017A 2018E 2019E 2020E 2021E 2022E Top Grossing iOS Games' Rank Trajectory After Hitting Top 25 (4) Months (After Hitting Top 25) Ranking 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 100 Social Casino Median All Other Games Median (1)AppAnnie, State of Mobile 2020. (2) PocketGamer, 12/19. (3) AppAnnie, 01/19. (4) SciPlay analysis of AppAnnie data, 06/19. (5) Statista, 03/19. (6) eMarketer, 06/19.#7Strategic Evolution Category Leading Games Focused on Social Casino T • Historically predictable returns. • Advertising monetization. High volume, low cost. • Repeatable, stackable revenue. • In-app purchase + subscription monetization. ⚫ Category leadership + homerun potential. Rapid-Launch Games 2013 - 2017 Category Leading Games 2017 Present VIDEO POKER CLASSIC SPEED#8T TAPINATOR Winning Strategy Established Casino Gameplay + "Special Sauce" NATURAL ROYAL FLUSH 4DEUCES WILD ROYAL FLUSH OF A KIND STRAIGHT FLUSH OF A KIND FULL HOUSE 750 1000 FLUSH STRAIGHT 3OF AKNO DEUCES WILD 3 OF A KIND WIN 5 2 WILD WILD DEUCES WILD BETS CREDIT 46 MEA BET 1 $25 BET 5 DOUBLE DEAL Leverage established casino gameplay to derisk player adoption. Add our proprietary IP to create differentiation via unique combinations of: (2) (1) Metagame and engagement systems. Targeted themes + beautiful graphics. Third party licenses where appropriate. (3) 2 Laura M 23,445 H 1,117,933 000 MESSAGE KARO MINERS CRYPTO HYPE FAME QUEST Upgrade your tap to level 398 609 G 549#9Category Leading Mobile Games Game: Video Poker Classic CASH $7,778.50 FARAIGHT FLUSH THRU KINGS BUSE BETTER US POKER BONUS POKER CASH $7.398.50 MENU BET 1 BET 5 $5 BET 5 134 OPTIMAL CHOICE! OF A KIND JACKS OR BE DOUBLE DOUBLE BONUS 3 OF A KIND HELD HELD 8 DOUBLE DOUBLE BONUS VIDEO POKER CLASSIC SINGLE HAND MULTI-HAND DEUCES WILD JACKS BETTER OR SUAPER BONUS POKER BONUS POKER DOUBLE BONUS POKER BONUS POKER TAPINATOR • Video Poker Classic is the top monetizing video poker game on iOS and Google Play as of August 2020.* • On iOS alone, the game has over 50,000 reviews with an average rating of 4.7 out of 5.0. Video Poker Classic is a seven-figure revenue game that saw triple digit growth in 2019; we continue to invest in growth for this flagship evergreen product. DOUBLE DOUBLE BONUS POKER BONUS DEUCES WILD' *According to AppAnnie. CASH $7,143.50 MENU SEE PAYS Sofa Kind HELD DEUCES AND JOKER POKER BET 5 $5 PAPER VIP CLUB NEXT BONUS 3h 58m 23 TRIPLE DOUBLE DRAW POKER DEUCES &JOKE! POKER ALARA Straight Flush ERA 14 SOF A OF HOUSE 13 OF A KIND STRAIGHT DEUCE EUCES WILD CASH $8,496.50 MENU WILD BET#10TAPINATOR Category Leading Mobile Games Game: Video Poker Classic ROYAL FLUSH STRAIGHT FLUSH 4 OF A KIND FULL HOUSE FLUSH STRAIGHT 3 OF A KIND TWO PAIR JACKS OR BETTER JACKS OR BETTER HELD 250 25 50 9 6 4 3 2 1 557212963 DDD128642 500 750 1000 50 100 150 200 100 18 16 12 BOB346284 4000 250 125 45 30 20 15 10 5 FLUSH HELD HELD K A HELD JACKS OR BETTER 7 WIN 30 HELD CASH $44,654.75 MENU BET 1 BET 5 25¢ BET 5 DOUBLE CREDIT 178619 DEAL To watch game trailer, please click here. (口) 6#11T TAPINATOR Category Leading Mobile Games Game Metrics: Video Poker Classic VIDEO POKER CLASSIC 5.2% $0.24 $32 Payer Conversion 1 ABPU 1* ARPPU 1** 30% 17% 10% D1 Retention 2 D7 Retention 2 D30 Retention 2 *Average bookings per user. ** Average revenue per paying user. (1) Source: Adjust attribution, PlayFab backend, September 1, 2019 to November 30, 2019. (2) Source: Adjust attribution, iOS players, September 1, 2019 to November 30, 2019. 10 10#12T Category Leading Mobile Games Video Poker Classic (1) Marketing Opportunity Unit Economics TAPINATOR $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 Forecasted Cumulative Bookings Impact of Incremental $1.0mm Marketing Spend $3.8mm $2.6mm $1.0mm 1 Yr. ROI Forecast: 43% 4 Yr. ROI Forecast: 165% $- Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Incremental Marketing Spend -Incremental Gross Bookings -Incremental Net Bookings VIDEO POKER CLASSIC • In real money casinos, video poker can ~ comprise 20% of gaming revenue. (2) In 2019, revenue for the social casino market reached $5.7 billion. (3) • We believe that there is significant growth opportunity for Video Poker Classic to capture a much greater percentage of the social casino market. (1) Forecast based on internal player lifetime value model which relies on limited past results and certain management assumptions. Actual results could vary significantly based on future market conditions. (2) In 2013, Louisiana's adjusted gross video poker revenue was over $600 million and represented 20% of the state's net daily gaming revenue. In 2013, Illinois' video poker revenue was about $300 million relative to about $1.5 billion in adjusted gross casino revenue. (3) Statista, "Social casino revenue worldwide from 2016 to 2020, by platform," March 29, 2019 11#13OPTIMAL CHOICE Category Leading Mobile Games Game: Solitaire Derby Tons of Free Coins! TAPINATOR 26 Cards Unique Layouts & 10 570 Levels on 30 Beautiful Tracks! Solitaire Derby, successor to Solitaire Dash, relies on an established form of gameplay, solitaire tripeaks, onto which we have overlaid a unique horse racing theme and metagame. • Solitaire is a category on mobile that supports multiple games with eight figure annualized bookings. • Given the quality and metrics of Solitaire Derby, we expect it to be a property that is able to capture market share within the evergreen solitaire category. SOLITAIRE DERBY 19 316 Classic TriPeaks S K 12#14TAPINATOR Category Leading Mobile Games Game: Solitaire Derby וו +40 FREE To watch game trailer, please click here. +40 1598,193 13#15TAPINATOR Category Leading Mobile Games Game Metrics: Solitaire Dash SOLITAIRE DASH *Average bookings per user. 4.7% $0.34 $15.3 Payer Conversion 1 ABPU 1* ARPPU 34% 19% 11% 1** D1 Retention 2 D7 Retention 2 D30 Retention 2 **Average revenue per paying user. (1) Source: Adjust attribution, PlayFab backend, January 1, 2019 to May 31, 2019, the most recent period of paid user acquisition. (2) Source: Adjust attribution, iOS players, January 1, 2019 to May 31, 2019, the most recent period of paid user acquisition. 14#16T TAPINATOR Category Leading Mobile Games Game: Castle Builder • Castle Builder is the first game on mobile that combines Slots, Role-Playing, and City-Building. • Each level in the game is interactive: the user spins to collect building materials as she constructs beautiful Castles, block-by-block. The metagame and progression systems (unlocking content, login rewards, bonuses, VIP club, and other features) are extensive. • There are at least five mobile slot games that each generate over $100 million in annual IAP revenue. (1) We believe this is a massive market where capturing even a small percentage share represents a significant opportunity. Castle (1) Sensor Tower revenue data for the month of December 2019, extrapolated to an annual revenue run rate ITZEL 15.000 608.315.320 100% MORE COIRS F 101000 40.000 90.000 DEBUG EVERCOLD OREHEART KARPAZZA 15#17TAPINATOR Category Leading Mobile Apps Game: Castle Builder ONAME SEA LANDS 512,812 IN OF SILENCE TIMBERCROWN BLACK FOREST YAL ALPS NEW FORANA BAY OF FORTUNE QUATIC 1st PURCHASE BONUS OUSTRYA KA INNER SEA THE DESERT OL DEATH ITAKAAN ST FOREST CARATHAM To watch game trailer, please click here. COMING SO OCEAN AT IELDS VAPOUUR FIREBORDER 16#18T Category Leading Mobile Apps Player Demographics TAPINATOR VIDEO POKER CLASSIC 47% 53% 65+ 55-64 75% 25% 45-54 35-44 66% 34% SPEED 25-34 VIDEO POKER CLASSIC 86% ICK 74% 72% SPEED 18-24 13-17 0% 10% 20% 30% Video Poker Classic Solitaire Dash SPEED Australia Proven ability to create products targeting a variety of demographics. United States United Kingdom Canada France Italy Rest of World 17#19T Diversified Sales Bookings App Store Transactions & Advertising Video Poker Classic (69%) Crypto Trillionaire (2%) Video Poker Classic (28%) TAPINATOR Crypto Trillionaire (9%) VIDEO POKER CLASSIC Other Games (29%) VIDEO POKER CLASSIC Other Games(63%) App Store Transactions: 86% of LTM Bookings* *Last 12 months as of 06/30/2020. Advertising: 14% of LTM Bookings* 18#20TAPINATOR Operational Excellence Creating Barriers to Entry VIDEO POKER CLASSIC A User Acquisition Monetization Engagement Technology Stack (Analytics, Attribution, Backend) Experienced Product Development & Design Team • Strategic data-driven approach to launching new games and optimizing existing properties. • Scalable and reusable technology stack. • Strong platform relationships including dedicated business/editorial contacts. Fifteen "New Games We Love" on Apple's iOS platform. 19#21T TAPINATOR Strong Pipeline Two Upcoming New Game Launches Q4 2020: New lottery themed social casino game Evergreen category, proven outside of mobile yet underrepresented in the app stores Similar demographic to Video Poker Classic Q1 2021: New idle, resource management game Extensive experience with this genre based on Crypto Trillionaire Strategy is to double down on the successful features of Crypto Trillionaire while resolving its flaws ง TAPM PEED VIDEO POKER CLASSIC ? 20#22T 2020 YTD Financial Highlights Bookings Growth of 31% Adjusted EBITDA Growth of 220% Adjusted EBITDA Margin of 21% TAPINATOR ($ in thousands, unaudited) 2018 2019 Nine Months Ended 09/30/19 Nine Months Ended 09/30/20 Revenue $2,872 $3,760 $2,977 $3,244 Bookings (1) $3,341 $3,325 $2,541 $3,332 Net Loss -$2,996 -$2,380 -$1,496 -$131 Adjusted EBITDA (1) $125 $176 $213 $683 (1) Bookings and Adjusted EBITDA are non-GAAP, unaudited financial measures. A reconciliation between GAAP and the non-GAAP measures presented herein have been provided in the appendix to this presentation. 21 21#23T Cap Table Management recently committed $300k+ to insider purchases thru 2023 TAPINATOR TAPM Capitalization Information (as of 09/30/2020) Common Shares Outstanding 551,005 Warrants (WAEP $22.41) 198,125 Options (WAEP $12.88) 100,625 Insider/Employee Ownership (1) 29.0% (1) Calculated on a "fully-diluted" basis; assumes full vesting of all outstanding equity awards. 22 22#24T Comps Highly Compelling Valuation Relative to Larger Peers 9/14/20 Symbol Price FD SO* Mkt Cap Cash* ATVI $ 78.81 776.0 $ 61,157 $ TTWO S 156.39 115.0 $ 17,978 $ EA $ 126.29 292.0 $ 36,877 $ 6,338 $ 2,285 $ 5,960 $ TAPINATOR SCPL $ 14.14 126.3 $ 1,785 $ 156 $ GLUU $ 7.04 156.6 $ 1,102 $ 283 $ ZNGA S 8.36 956.9 $ 7,999 $ TAPM S 3.42 0.550 $ 1.9 $ 1,556 $ 0.1 $ Debt 2,676 $ 181 $ 1,234 $ 6 $ 41 $ 721 $ 0.3 $ Ent Value 2018 416 $ Revenues 2019E* 2020E* 57,495 $ 7,262 $ 6,388 $ 7,795 15,874 $ 2,852 $ 2,749 $ 3,231 32,151 $ 4,835 $ 1,636 $ EV/Sales Revs Growth % EV/Revs/Growth 2018 2019E 2020E 2019 2020 2019 2020 7.9 x 9.0 x 7.4 x -12.0% 22.0% NM 33.5 x 5.6 x 5.8 x 4.9 x -3.6% 17.5% NM NM 5,362 $ 5,933 6.6x 6.0 x 5.4 x 10.9% 10.7% 55.0 x NM 466 $ 563 3.9 x 3.5 x 2.9 x 11.9% 20.8% 29.5 x 14.0 x 861 $ 385 $ 426 $ 530 2.2 x 2.0 x 1.6 x 10.1% 25.2% 20.2 x 6.5 x 7,164 $ 2.0 $ 970 $ 2.9 $ 1,564 $ 3.8 2,218 7.4 x 4.6 x 3.2 x 61.3% 41.8% 7.5 x 7.7 x NA 0.7 x 0.5 x NA 30.9% NA 1.7 x NA (*Source: Bloomberg consensus estimates, Company filings) Average TAPM TAPM % vs Average US Mobile Gaming Comps: EV/2019 Sales 4.9 x 4.5 x 4.2 x 22.8 x 0.7 x 0.5 x NA 1.7 x 14.4% 12.0% NA 7.7% US Mobile Gaming Comps: EV/2019 Sales / Growth 10 x 9.0 x 9x 60 x 55.0 x 50 x 8 x 7 x 6.0 x 5.8 x 6 x 40 x 29.5 x 4.6 x 30 x 5x 4 x 3.5 x 20.2 x 20 x 3 x 2.0 x 2 x 10 x 0.5 x 7.5x 1.7 x 1x 0x 0x ATVI TTWO EA SCPL GLUU ZNGA TAPM EA SCPL GLUU ZNGA TAPM 23 23#25Future Opportunities A Clear Path for Continued Growth TAPINATOR $ Real Money Live Ops New Games Existing Games Extend social casino titles to rapidly legalizing real-money online gaming market. Re-engage users and maximize revenue with personalized offers, gameplay and communication. Launch new leading mobile franchises that can be #1 or #2 within their categories. Scale daily active users and revenue via marketing. Continue to grow retention rates and average revenue per daily active user. NEW 24 24#26T TAPINATOR Investment Highlights Why We're Going to Win be Large and growing market Best-in-class, diversified portfolio 3| Highly efficient studio model 4| Strong growth and projected performance 5❘ Highly scalable products 6| Experienced management team 25 25#27TAPINATOR Thank You For more information, go to: http://tapinator.com/investors 26 26#28T TAPINATOR Appendix Reconciliation of GAAP to Non-GAAP results ($ in thousands, Nine Months unaudited) 2018 2019 Ended 09/30/19 Nine Months Ended 09/30/20 Revenue $2,872 $3,760 $2,977 $3,244 Change in Deferred Revenue $469 -$435 -$437 $88 Bookings $3,341 $3,325 $2,541 $3,332 27 27#29T Appendix Reconciliation of GAAP to Non-GAAP results ($ in thousands, unaudited) TAPINATOR Net Loss Interest Expense, net Income Tax Nine Months Nine Months Ended Ended 2018 2019 09/30/19 09/30/20 -$2,996 -$2,379 -$1,496 -$131 132 4 -2 31 0 0 0 0 Amortization of Capitalized Software Development 614 648 494 366 Depreciation and Amortization of Other Assets 10 6 3 4 Impairment of Capitalized Software 320 114 0 0 Amortization of Debt Discount & One-Time Financing Expense 188 223 0 113 Stock-Based Compensation and One-Time Financing Expense 1,857 1,561 1,213 301 28 Adjusted EBITDA $125 $176 $213 $683