On September 19, 2013, Smartag International, Inc. entered into a Loan Agreement with Smartag Solutions Berhad. Under the terms of the agreement, SSB loaned the company $200,000. The Loan shall be repaid on or before September 30, 2014 and interest shall accrue from the date of any advances on any principal amount withdrawn, and on accrued and unpaid interest thereon, at the rate of 0% per annum, compounded annually.