FG Merger Corp. entered into a definitive agreement for the private placement of a non-interest bearing unsecured promissory note at an issue price of $405,000 for gross proceeds of $405,000 and non-interest bearing unsecured promissory notes for gross proceeds of $400,000 for aggregate gross proceeds of $805,00 on May 31, 2023. The transaction included participation from returning investor, FG Merger Investors LLC for $405,000 along with several lenders, including certain affiliates of iCoreConnect Inc. Note is due and payable upon the company consummation of an initial business combination with a target business, that is until September 1, 2023 and will either be paid in cash upon such consummation, or, at the investors' discretion, converted into private units at a price of $10.00 per unit.