eFleets Corporation (OTCPK:EFLT) announced a private placement of an 8% unsecured convertible promissory note with new investor Koukis Holdings SA for gross proceeds of $48,000 on April 24, 2014. The note will mature in one year after its initial issuance date and bears a fixed interest rate of 8% per annum. The note is convertible into shares of the company at a conversion price of $1 per share, subject to customary adjustments in the event of reclassification of the company, consolidation of the company, merger, subdivision of shares of common stock, and combination of shares of common stock or dividends in the form of common stock. The company also issued warrants entitling the holder to purchase 48,000 shares of common stock at an exercise price of $1.20 per share until April 24, 2019.

On May 2, 2014, the company issued an unsecured convertible promissory note to the investor for gross proceeds of $150,000. The company also issued warrants to purchase 150,000 common shares at an exercise price of $1.20 per share until May 2, 2019.

On May 23, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $81,636.80 to the investor. The company also issued warrants to purchase 82,000 common shares at an exercise price of $1.20 per share for until May 23, 2019. The company issued securities pursuant to exemption provided under Regulation D.

On June 4, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $69,000 to the investor. The company also issued warrants to purchase 69,000 shares of the company exercisable at a price of $1.2 per share until June 4, 2019.

On June 26, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $50,000 to the investor. The note is convertible into common shares of the company at $1 per share. The company also issued 50,000 warrants exercisable at $1.20 per share until June 26, 2019.

On July 7, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $50,000 to the investor. The note has a principal value of CHF 44,675 ($49,919.50). The company also issued 50,000 warrants exercisable at $1.20 per share until July 7, 2019. The company has raised $448,637 in the transaction. The conversion was made through www.oanda.com on July 7, 2014.

On July 18, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $34,000 to the investor. The note has a principal value of CHF 30,525 ($34,000). The company also issued 34,000 warrants exercisable at $1.20 per share till five years from closing. The conversion was made through www.oanda.com on July 18, 2014.

On August 1, 2014, the company issued an unsecured convertible promissory note for gross proceeds of $100,000 to the investor. The company will also issue warrants to purchase of 100,000 pre-split shares of the company's common stock at a price of $1.20 per share at any time before August 1, 2019.


On August 15, 2014, eFleets Corporation closed the transaction. The company issued an unsecured convertible promissory note on terms similar to the notes issued in the transaction for gross proceeds of $80,000. The company will also issue warrants to purchase 80,000 shares of at an exercise price of $1.20 per share till August 15, 2019. The company has received total gross proceeds of $662,636.8 in the transaction.