Rokwader Inc. announced a private placement of 6% subordinated convertible promissory note with Yale Farar, President of the company, for gross proceeds of $35,000 on May 22, 2014. The note carries interest of 6% per annum and is convertible into shares of the company at a price of $0.53 per share. The note is a demand note and may be paid at any time without premium or penalty.

On May 22, 2014, Rokwader Inc. closed the transaction.