Max Sound Corporation (OTCPK:MAXD) announced that it has entered into a securities purchase agreement for private placement of 8% convertible promissory note due June 27, 2018 for gross proceeds of $246,560 on June 27, 2017. The transaction included participation from returning investor Bellridge Capital. The note is convertible into common stock at 65% of the lowest trading price for the company’s common stock during the ten trading days prior to the date of conversion. The note is prepayable in nature. The note contains an 8% discount on principal amount of $268,000. The note carries fixed interest rate of 8% per annum. The note carries maturity date of June 27, 2018. The company paid expenses of $7,500. The company has issued securities pursuant to exemption provided under Regulation D.