CrowdGather, Inc. (OTCPK:CRWG) announced that it has entered into security agreement for a private placement of a secured promissory note for gross proceeds of $100,000 with existing lender, Vinay Holdings, Ltd. on August 19, 2015. The note will carry a fixed interest rate of 12% per annum and would mature on October 18, 2015, payable 60 days from the date of issuance. The note is issued at par value.