PROMISSORY NOTEiCoreConnect Inc. • May 28th, 2024 • Services-prepackaged software • North Carolina
FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, iCoreConnect, Inc., a Delaware corporation (the “Borrower”), hereby unconditionally promises to pay to the order of [LENDER], a Delaware limited liability company or its assigns (the “Noteholder” and together with the Borrower, the “Parties”), the principal amount of $ 500,000.00 (the “Original Principal Amount”), the additional amount of $ 65,000.00 (the “Origination Amount” and collectively with the Original Principal Amount, the “Loan”), together with all accrued interest thereon, fees, and other amounts as provided in this Promissory Note (the “Note”) dated May 22, 2024 (the “Effective Date”) on or before November 15, 2025 or such earlier date on which the Loan, all accrued interest thereon, fees, and other amounts as provided hereunder becomes due and payable under Section 2.3 or Section 10 of this Note (such date, the “Maturity Date”).
