Mr. Charles Zwebner reports

RDARS ANNOUNCES CLOSING OF NON-BROKERED DEBENTURE FINANCING

Rdars Inc. has closed a non-brokered private placement of unsecured convertible debenture for aggregate proceeds to the company of $513,520.

The debentures sold in the financing carry a principal amount of $641,900, including an original issuance discount, will not bear interest and will mature on May 4, 2024. Holders of the debentures will be entitled to convert the debentures at any time following the consolidation (as defined below) at a deemed price of 15 cents per postconsolidation common share. The company intends to use the proceeds from the financing toward debt repayment and general working capital.

Further, the company plans to consolidate its preconsolidation common shares on the basis of one postconsolidation common share for 10 preconsolidation common shares. The company anticipates receiving shareholder approval for the consolidation at a shareholders meeting to be held on May 31, 2023.

All securities issued or issuable pursuant to the financing are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

About Rdars Inc.

Rdars possesses a disruptive technology that is advancing the security industry's approach to protecting commercial, industrial and residential properties, by introducing protection with autonomous artificial intelligence systems that allows for real-time response, situation awareness, verification, intervention, evidence recording, data capture, analysis and immediate downstream transmissions to public safety agencies. Rdars has the ability, upon a property security breach, in real time to receive, analyze and downstream the data and inform public safety agencies who the perpetrators potentially are before they even arrive at the property.

Founded in 2019, Rdars is an originator in its innovative equipment manufacturer of its flagship product, the Eagle Watch platform, comprising Eagle Eye, a drone, Eagle Nest, a drone station, Eagle Rover, an indoor robotic system, and Eagle Watch command and control software. The company's autonomous robotic systems provide situational awareness in a cost-effective and reliable manner. The company's mission is to improve alarm response and situational awareness by obtaining required approvals from federal regulatory agencies for BVLOS operations. Rdars is currently developing its technology for private and enterprise customers in the United States and Canada, where these customers require a more reliable and advanced understanding of their property security.

We seek Safe Harbor.