On June 18, 2018, OrangeHook, Inc. entered into a Commercial Promissory Note with an effective date of June 9, 2018 for $701,543.00 with MEZ Capital LLC. The June 9 note matures on July 9, 2018 and calls for a stated amount of interest of $21,046.29 due at maturity and includes loan discount and other fees totaling $36,263.95 in the amount of principal. The June 9 note includes a default rate of interest equal to 4% on the outstanding principal balance. The Company made a $50,000 interest payment to MEZ upon entering into the June 9 note. The June 9 note is supported by five personal guarantees, including those of Company board members James L. Mandel and Jeffrey J. Hattara, President and CEO and Chief Strategy Officer, respectively, and board members Whitney E. Peyton and Donald M. Miller. The June 9 note replaces the May 10, 2018 note issued by OrangeHook MN to MEZ in the amount of $740,076.75 and previously disclosed in the company's Current Report on Form 8-K filed on May 21, 2018.