iTalk Inc. (fka TALK)

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Agree, the amount financed was for $500,000 TALK definitely has a strong enough business credit rating and business plans to acquire loans and lines of credit through traditional lending outlets. TALK

July 23, 2014, the Company entered into a sixty-month term loan agreement with Chase Bank totaling $500,000. The loan bears interest
at 5.50% per annum. The loan is to be repaid in equal monthly installments of $9,570 commencing August 23, 2014. All unpaid principal
and accrued and unpaid interest is due on July 23, 2019. The outstanding balance on the term loan was $463,500 at December 31,
2014. Borrowings under the term loan are subject to restrictions on indebtedness, distributions, financial guarantees, and other
related items. As of December 31, 2014, the Company is in compliance with all covenants.

They even paid off the previous loan to Chase, good business.

On July 19, 2012 the Company entered into a thirty sixth-month term loan agreement with Chase Bank totaling $183,000.
The loan accrued interest at 5.08% per annum. The loan was paid off in equal monthly principal and interest payments of $5,498
with the final payment on October 19, 2014. The loan was collateralized by substantially all business assets. The outstanding
balance on the term loan was $53,015 at December 31, 2013.

http://www.sec.gov/Archives/edgar/data/1373444/000149315216007283/0001493152-16-007283-index.htm