On January 3, 2014, SecureAlert Inc. (the registrant) entered into an unsecured loan facility agreement between Tetra House Pte. Ltd. as lender and the registrant as borrower, effective as of December 30, 2013. Under the terms of the agreement the registrant can borrow up to $25,000,000 between the date of the Agreement and May 31, 2014.

All funds borrowed under the agreement bear interest at a rate of 8% per annum. The registrant also must pay an arrangement fee equal to 3% of the total amount available under the agreement. The arrangement fee is payable as follows: (i) 1% due within five business days of signing the Agreement, and (ii) the remaining 2% being withheld from the first draw down of funds under the Agreement.

Interest is due and payable in arrears semi-annually. All outstanding principal and interest under the agreement is due and payable twenty-four months from the closing date. The registrant may draw down funds in increments of not less than $2,000,000 and in integral multiples of $1,000,000 by submitting a utilization request to the lender.

Lender has ten business days in which to fund the utilization request upon receipt of such request from borrower. Upon signing the agreement the registrant submitted a utilization request for $10,000,000 and expects it to be funded pursuant to the terms of the agreement.