On January 30, 2009, Fusion Telecommunications International, Inc. (the "Company") borrowed $100,000 from an entity that is also a related party shareholder of the Company. The promissory note evidencing the loan, which matures on March 30, 2010, bears interest on the unpaid principal amount of the note from the date the note is issued until the outstanding principal amount of the note is paid in full, at the rate of 12% per annum. In the event that the note is not repaid by the maturity date, the note will automatically convert to a demand note, and the principal sum and all accrued interest will be payable in full upon ten (10) days notice from the lender. The note also grants the lender a collateralized security interest, pari passu with other lenders, in the Company's account(s) receivable. The proceeds are being used for general working capital purposes. The Form of Secured Promissory Note issued in this transaction is incorporated by reference as an exhibit to this report.

On January 31, 2009, the Company and a lender agreed to amend a promissory note (the "Amended Note") originally issued May 27, 2008 (previously amended and restated on December 15, 2008, November 5, 2008, October 15, 2008, September 15, 2008, and July 15, 2008) evidencing $200,000 borrowed from the non-related lender. The Amended Note evidencing the loan, which matures on April 15, 2009, bears interest on the unpaid principal amount of the note (i) from May 27, 2008 until July 14, 2008 at the rate of 10% per annum, and (ii) from July 15, 2008 until the outstanding principal amount of the note is paid in full, at the rate of 12% per annum. In the event that the note is not repaid by the maturity date, the note will automatically convert to a demand note, and the principal sum and all accrued interest will be payable in full upon ten (10) days notice from the lender. The note also grants the lender a collateralized security interest, pari passu with other lenders, in the Company's account(s) receivable. The proceeds are being used for general working capital purposes. The Form of Amended and Restated Secured Promissory Note issued in this transaction is incorporated by reference as an exhibit to this report.

On February 6, 2009, Fusion Telecommunications International, Inc. (the "Company") borrowed $50,000 from an entity that is also a related party shareholder of the Company. The promissory note evidencing the loan, which matures on April 6, 2010, bears interest on the unpaid principal amount of the note from the date the note is issued until the outstanding principal amount of the note is paid in full, at the rate of 12% per annum. In the event that the note is not repaid by the maturity date, the note will automatically convert to a demand note, and the principal sum and all accrued interest will be payable in full upon ten (10) days notice from the lender. The note also grants the lender a collateralized security interest, pari passu with other lenders, in the Company's account(s) receivable. The proceeds are being used for general working capital purposes. The Form of Secured Promissory Note issued in this transaction is incorporated by reference as an exhibit to this report.

(d) Exhibits

99.1     Form of Secured Promissory Note (incorporated by reference to   Exhibit
         10.1   to the Registrant's   Form 8-K   filed with the Securities
         Exchange Commission on November 24, 2008)
99.2     Form of Amended and Restated Secured Promissory Note (incorporated by
         reference to   Exhibit 10.1   to the Registrant's   Form 8-K   filed
         with the Securities Exchange Commission on January 7, 2009)