FREEZE TAG, INC. (OTCMKTS:FRZT) Files An 8-K Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities.

On June 8, 2017, we issued 46,881,479 shares of our common stock
to a non-affiliate holder of one of our outstanding convertible
promissory notes to a notice of conversion submitted to us on
June 6, 2017, from the holder notifying us of their election to
convert $2,344.07 of principal and interest due under the
promissory note into the shares. Due to the length of time since
the holder lent us the funds and that the holder has held the
note, the shares were issued without a standard Rule 144
restrictive legend. Based on the representations of the investor
in the Convertible Promissory Note and the Notice of Conversion,
the issuance of the shares was exempt from registration to
Section 4(a)(2) of the Securities Act of 1933. The investor was
accredited and sophisticated, familiar with our operations, and
there was no solicitation.

About FREEZE TAG, INC. (OTCMKTS:FRZT)

Freeze Tag, Inc. is engaged in creating mobile social games that are fun and engaging for all ages. Players can download the games for free or they can purchase virtual items and additional features within the game to increase the fun factor. The Company’s games encourage players to compete and engage with their friends on social networks, such as Facebook and Twitter. Its mobile games include Victorian MysteriesO and Unsolved Mystery ClubO, as well as digital entertainment, such as Etch A SketchO. The Company markets, sells and distributes its games primarily through direct-to-consumer digital storefronts, such as Apple’s Application (App) Store, the Google Play Store and Amazon’s App store. In addition to publishing its smartphone games on direct-to-consumer digital storefronts, the Company also publishes some of its titles on other platforms, such as the Facebook App Store, the Mac App Store and personal computer (PC) Download portals, such as Big Fish Games and Gamehouse.