EZTD Inc. entered into a loan agreement, pursuant to which the company will receive from Compagnie Financiere St. Exupery SICAV-SIF, as lender, a loan in the aggregate principal amount of $2,800,000, and a loan agreement, pursuant to which the company will receive from Finandrea S.P.A., as lender, a loan in the aggregate principal amount of an equivalent of $700,000, payable in Euros. The Loans will each bear interest at an annual rate of 3%, and will each mature on July 9, 2017. Pursuant to the loan agreements, at any time that the loans remain outstanding, neither the company nor any of its subsidiaries will incur any new indebtedness, unless otherwise consented to by the Lenders. In addition, pursuant to the terms of the loan agreements, if the company conducts an offering of its common stock in which a lender participates, such Lender may request that the company offset a portion of its loan amount equal to the dollar amount of which the Lender has subscribed to such offering. The company anticipates using a portion of the proceeds from the loans to repay $1 million owed to CFSE pursuant to an existing convertible loan agreement which CFSE acquired from a prior note holder.