MyDx, Inc. (OTCBB:MYDX) announced that it has entered into securities purchase agreement for private placement of a 10% unsecured convertible promissory note for gross proceeds of $65,000 on October 1, 2018. The transaction included participation from new investor, Auctus Private Equity Management, Inc. The notes are issued at a discount of $6,800. The company received net proceeds of $65,000 after the deduction of $3,000 as diligence and legal fees of investor. The note bears interest at the rate of 10% and would mature on October 1, 2019. The note may be prepaid by the company at any time prior to the date which is 170 days after the date of issuance of the note in an amount equal to 110% of the amount outstanding. The note may be converted by the investor at any time into common shares of the company at a conversion price equal to 71% of the market price. The company will issue securities pursuant to exemption provided under Regulation D.