eFleets Corporation (OTCPK:EFLT), formerly known as Numbeer, Inc. (OTCBB:NUMB), announced a private placement of 8% unsecured convertible promissory notes with returning investor Zeus Corp. for gross proceeds of $700,000 on December 17, 2013. The transaction will take place in tranches. The convertible notes will bear interest at the rate of 8% per annum and will mature in one year from the date of issuance. The notes are convertible into 463,576 shares of company's common stock at a conversion price of $1.51 per share. The company will also issue warrants to purchase 231,778 shares of company's common stock at an exercise price of $2.01 per share. The warrants will be exercisable for a period of five years from their initial issuance date.

On the same date, the company closed its first tranche. The warrants issued will expire on December 17, 2018.