nDivision Inc announced a private placement of promissory note for gross proceeds of $540,000 on February 25, 2022. The transaction will include participation from AJB Capital Investments LLC. The notes will accrue interest at a fixed rate of 10% per annum, or, upon an event of default, the lesser of (i) eighteen percent (18%) per annum, and (ii) the maximum amount permitted under law.

The Note matures on August 25, 2022. The note is issued at a discount of 10%. The company also issued a common stock purchase warrant with an exercise price of $0.40 per share to purchase up to 500,000 shares of the Company's common stock, par value $0.001 per share.

The notes are being sold pursuant to an exemption from registration, specifically section 4(a)(2) of the Securities Act of 1933, as amended.