WindStream Technologies, Inc. (OTCPK:WSTI) announced a private placement of its secured convertible promissory note for gross proceeds of $100,000 with new accredited investor, Vista Capital Investments, LLC on October 9, 2014. The original price of the note is $220,000 and it includes a $20,000 of original issue discount interest. The convertible promissory note pays interest at the rate of 10% per annum, due in one year, and is convertible into shares of common stock at a conversion price of $0.08 per share or a price decided according to a formula using the lowest bid price of the company's common stock for a period before the date of conversion. The company also issued five year warrants to purchase 199,396 shares. The warrants will be exercisable at $0.001 per share or at a price adjusted as per the price of the company's common stock at the date of the conversion.

On October 9, 2014, WindStream Technologies, Inc. closed the transaction.