iCoreConnect Inc announced that it has entered into a securities purchase agreement and issued convertible promissory note in principal amount of $55,000 on February 1, 2024. The maturity of the convertible note is February 1, 2025 and carries an interest rate of 12% per annum and is initially convertible into Company common stock at a conversion rate equal to 120% of the closing price of the Company?s common stock on the date of issuance. The convertible notes are being sold and issued without registration under the Securities Act of 1933, as amended, in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated under the Securities Act as sales to an accredited investor, and in reliance on similar exemptions under applicable state laws.