IDdriven, Inc. (OTCPK:IDDR) announced that it has entered into a securities purchase agreement for private placement of a 10% convertible promissory note for gross proceeds of $168,500 with new investor, Auctus Private Equity Management, Inc. and 3% convertible promissory note for $45,000 with new investor Crown Bridge Partners, LLC on April 10, 2017. The note bears an interest of 10% per annum and 3% per annum would mature on January 10, 2018 and April 10, 2018. The note will issue at par. Any amount of principal or interest on this note which is not paid due shall bear interest at the rate of 24% per annum. The principal amount of the note and interest are payable on the maturity date. The note is convertible into common shares of the company at a conversion price of $0.04 per share. If the company fails to pay then the conversion price shall equal the lower of the closing sale price of common stock on the principal market on the trading day immediately preceding the closing date and 60% of either the lowest sale price for the common stock on the principal market during the 20 consecutive trading days immediately preceding the conversion date or the closing bid price. The note is convertible into common shares at a conversion price per share equal to 75% of the lowest traded price of the common stock for the 20 trading days immediately preceding the date of the date of conversion, upon the terms and subject to the conditions of the note. The note is issued at an original issue discount of 18.181818%, for gross proceeds of $55,000. The company will issue securities pursuant to exemption provided under Regulation D. The company’s initial obligation with respect to this transaction is to reimburse investors legal expenses shall be $2,750.00 plus the cost of wire fees.