nDivision Inc. (OTCPK:NDVN) announced a private placement of convertible promissory notes for gross proceeds of $2,000,000 on September 24, 2020. The transaction will include participation from accredited investors. The notes will accrue interest at a fixed rate of 8% per annum, payable quarterly in arrears. The principal of the notes shall be repaid in equal monthly installments, starting 12 months from the issuance date. The notes are convertible at the option of the investor(s) into common shares of the company at a conversion price equal to the lesser of $0.40 per share, or a 25% discount to the price per share of the common stock in a debt or equity offering that occurs subsequent to the transaction in an aggregate amount of $2,000,000 that results in gross proceeds to the company of at least $5,000,000. The notes contain anti-dilution protection. The notes are being sold pursuant to an exemption from registration, specifically section 4(a)(2) of the Securities Act of 1933, as amended.