Exhibit 10.4


 


LOAN
AGREEMENT


 


Date:
February 1, 2016


 


For
value received, the undersigned Traqer Corp. (the “Borrower”), at 930Sylvan Avenue, Englewood Cliffs, NJ 07632, promises
to pay to the order of Shlomit C. Frommer (the “Lender”) , at 119 North Livingston Avenue, Livingston NJ 07039
(or at such other place as the Lender may designate in writing), the sum of $17,400.00 with no interest.


 


The
loan was disbursed in 5 payments as follows:


 


		•	   $300
on 09/04/2015



		•	$2,600
on 11/04/2015



		•	$2,000
on 12/04/2015



		•	$5,000
on 12/24/2015



		•	$7,500
on 01/16/2016



 


 I. TERMS OF REPAYMENT




 


 A. Payments




 


Unpaid
principal after the Due Date shown below shall accrue interest at a rate of 3.5% annually until paid.


 


The
unpaid principal shall be payable in full on February 01, 2018 (the “Due Date”).


 


 B. Application of Payments




 


All
payments on this Note shall be applied first in payment of accrued interest and any remainder in payment of principal.


 


 C. Acceleration of Debt




 


If
any payment obligation under this Note is not paid when due, the remaining unpaid principal balance and any accrued interest shall
become due immediately at the option of the Lender.


 


 II. PREPAYMENT




 


The
Borrower reserves the right to prepay this Note (in whole or in part) prior to the Due Date with no prepayment penalty.


 


 III. COLLECTION COSTS




 


If
any payment obligation under this Note is not paid when due, the Borrower promises to pay all costs of collection, including reasonable
attorney fees, whether or not a lawsuit is commenced as part of the collection process.


 


 IV. DEFAULT




 


If
any of the following events of default occur, this Note and any other obligations of the Borrower to the Lender, shall become due
immediately, without demand or notice:


 


		1)	  the
failure of the Borrower to pay the principal and any accrued interest when due;



 


		2)	  the
liquidation, dissolution, incompetency or death of the Borrower;



 




     


     


    

 


		3)	  the
filing of bankruptcy proceedings involving the Borrower as a debtor;



 


		4)  	the
application for the appointment of a receiver for the Borrower;



 


		5)  	the
making of a general assignment for the benefit of the Borrower's creditors;



 


		6)  	the
insolvency of the Borrower;



 


		7)	  a
misrepresentation by the Borrower to the Lender for the purpose of obtaining or extending credit; or



 


		8)	  the
sale of a material portion of the business or assets of the Borrower.



 


 V. SEVERABILITY OF PROVISIONS




 


If
any one or more of the provisions of this Note are determined to be unenforceable , in whole or in part, for any reason, the remaining
provisions shall remain fully operative.


 


 VI. MISCELLANEOUS




 


All
payments of principal and interest on this Note shall be paid in the legal currency of the United States. The Borrower waives presentment
for payment, protest, and notice of protest and demand of this Note.


 


No
delay in enforcing any right of the Lender under this Note, or assignment by Lender of this Note, or failure to accelerate the
debt evidenced hereby by reason of default in the payment of a monthly installment or the acceptance of a past-due installment
shall be construed as a waiver of the right of Lender to thereafter insist upon strict compliance with the terms of this Note without
notice being given to Borrower. All rights of the Lender under this Note are cumulative and may be exercised concurrently or consecutively
at the Lender's option.


 


This
note may not be amended without the written approval of the holder.


 


 VII. GOVERNING LAW




 


This
Note shall be construed in accordance with the laws of the State of Nevada.


 


 VIII. SIGNATURES 




 


This Note shall be signed by


 


	Bess A. Lipschutz, on behalf of Traqer Corp.:	 	 
	 	 	 
	/s/ Bess A. Lipschutz	 	Date: 2/1/2016
	 	 	 
	Shlomit C. Frommer:	 	 
	 	 	 
	/s/ Shlomit C. Frommer	 	Date: 2/1/2016