IDdriven, Inc. (OTCPK:IDDR) announced a private placement of 10% convertible promissory note in the aggregate principal amount of $75,000 on May 16, 2016. The notes will be issued to 2 unrelated investors and bear an interest of 10% per annum. Interest is payable upon maturity at time of conversion. The conversion price shall equal 80% of the volume weighted average price of the common stock for the ten trading days immediately prior to the applicable conversion date, subject to adjustment herein but in no event lower than $6,000,000 divided by the total number of shares of common stock outstanding immediately prior to the conversion date; or greater than $18,000,000 divided by the total number of shares of common stock outstanding immediately prior to the conversion date. The notes mature on October 31, 2017.