On March 13, 2009 and March 19, 2009, Fusion Telecommunications International, Inc. (the "Company") borrowed an aggregate amount of $360,000 from an entity that is also a related party shareholder of the Company. Each of the promissory notes evidencing these loans, which mature on May 13, 2010 and May 19, 2010 respectively, bears interest on the unpaid principal amount of the note from the date the note was issued until the outstanding principal amount of the note is paid in full, at the rate of 12% per annum. In the event that a note is not repaid by the maturity date, that 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. These notes also grant 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 these transactions 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)