AllDigital Holdings, Inc (OTCPK:ADGL) announced that it has entered into a securities purchase agreement of 5% senior secured convertible note for gross proceeds of $853,461.45 with six accredited investors on April 1, 2015. The notes will be convertible into 5,689,741 shares of common stock a conversion price of $0.15 per share. The notes will mature on December 31, 2016 and carry a fixed interest rate of 5% per annum, payable quarterly on the fifth day after the last business day of each calendar quarter.

The notes are secured by a first priority lien on all of its tangible and intangible assets.