MyDx, Inc. (OTCBB:MYDX) announced that it has entered into securities purchase agreement for private placement of first note for proceeds of $71,750 and second note for proceeds of $47,835; for aggregate gross proceeds of $119,585 on October 4, 2018. The transaction will include participation from new investor, GS Capital Partners LLC. The notes will bear interest at the rate of 8%. The first note and second note will be issued at a discount of $3,250 and $2,165 respectively. The first note will mature on October 4, 2019. The notes may be prepaid by the company at any time prior to the date which is 180 days after the date of issuance of the note in an amount equal to 130% amount plus any accrued interest. The second note is non-convertible until it is funded in cash on or before November 4, 2018. The company will pay legal fees of $3,750 for the first note issuance and $2,500 for the second note issuance. The company will receive net proceeds of $113,335 in the transaction. The terms and conditions of the second note are similar to that of the first note. The company will issue securities pursuant to exemption provided under Regulation D. On the same day, the company issued front end note 1 for proceeds of $71,750 in its first tranche. The front end note 1 is convertible into common shares of the company at a conversion price equal to 71% of the average of the three lowest closing bid prices of the common stock for the fifteen prior trading days including the day upon which a notice of conversion is received.