(A DELAWARE CORPORATION)
6% SUBORDINATED CONVERTIBLE PROMISSORY NOTE
NEITHER THIS NOTE NOR THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF AS
PROVIDED HEREIN HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR UNDER THE LAWS OF ANY STATE OR OTHER JURISDICTION. TRANSFER OF
THIS NOTE AND SUCH SECURIITES IS RESTRICTED PURSUANT TO SUCH LAWS.
April 14, 2010
Note . FOR VALUE RECEIVED, ROKWADER, INC., a Delaware corporation (the “Company” or
the “Borrower”), hereby promises to pay to the order of Yale Farar (the “Holder”) the amount of
$25,000.00 on demand (“Due Date”) and to pay interest at the rate of six (6 %) per annum on the
outstanding principal. Interest payments shall be made with principal on the due date, to the Holder in
lawful money of the United States at, 25317 Prado de los Arboles, Calabasas, CA 91302, or at such
other place as the Holder may specify in writing.
Default . In the event of an occurrence of any event of default specified below, the principal and all
accrued interest on the Note shall become immediately due and payable without notice, except as
specified below. The occurrence of any of the following events shall constitute an event of default under
The Company fails to make any payment hereunder when due, which failure has not been cured
within thirty (30) days following such failure.
If the Borrower shall file a petition to take advantage of any insolvency act; make an assignment
for the benefit of its creditors; commence a proceeding for the appointment of a receiver, trustee,
liquidator or conservator of itself of a whole or any substantial part of its property; file a petition
or answer seeking reorganization or arrangement or similar relief under the federal bankruptcy
laws or any other applicable law or statute of the United States of America or any state; or
If a court of competent jurisdiction