eFleets Corporation (OTCPK:EFLT) announced private placement of 8% unsecured promissory note for gross proceeds of $110,000 on May 20, 2013. The company will issue note to Advanced Microcontrols Incorporated. The note will have term of one year.

On the same day, the company issued note in first tranche.

On September 3, 2013, the company announced that it has issued another note in second tranche on the similar terms for gross proceeds of $40,000 to the investor. The note will mature on September 3, 2014.

On December 12, 2013, eFleets Corporation closed the transaction. The company issued another note in final tranche on similar terms for gross proceeds of $22,000.