IDdriven, Inc. (OTCPK:IDDR) announced that it has entered into subscription agreement for a private placement of 20% secured convertible promissory notes for gross proceeds of $150,000 on September 21, 2016. The notes will be issued to two unrelated investors for $75,000 each and bear an interest of 20% per annum. The notes would mature on September 21, 2017. The notes are convertible into common shares of the company at a conversion price of 75% of the lowest trading price of the common stock during the 20 trading day period ending on the last complete trading day prior to the date of conversion. The company also issued 75,000 warrants at an exercise price of 120% of the lowest trading price of the common stock during the 20 trading day period ending on the last complete trading day prior to the date of conversion. Warrants for 37,500 of the shares of common stock were issued in connection with each note. The notes are payable to the company in three installments one third on the effective date, one third due 30 days from the effective date, but no later than 45 days from the effective date, and one third due 60 days from the effective.