IDdriven, Inc. (OTCPK:IDDR) announced that it has entered into securities purchase agreement with new investor R & T Sports Marketing, Inc. for a private placement of 10% secured promissory note for gross proceeds of $100,000 on June 17, 2016. The note was issued at par. The agreement provides that, the company would issue to the investor 400,000 shares of common shares as additional consideration for the note. If the investor invests less than $100,000 pursuant to the note then, the amount of shares issued will be reduced proportionately. The note is also secured by the pledge of up to 17,910,000 shares of the company’s common stock held, or controlled, by its Chief Executive Officer, Arend Dirk Verweij. If the investor invests less than $100,000 pursuant to the note then, in such case, the pledged shares shall be reduced proportionately. The investor is an accredited investor pursuant to Regulation D. The board of directors of the company approved the transaction and transaction does not need approval of its shareholders.