OrangeHook, Inc. (OTCPK:ORHK) announced a private placement of unsecured promissory note with individual lenders James Mandel and Whitney Peyton for gross proceeds of $400,000 on September 28, 2018. The note accrues interest at a variable annual rate of the prime rate plus 2.75% resulting in an annual interest rate of 8% and will mature on November 15, 2018. The interest will be calculated on a 365/360 day year basis resulting in an effective interest rate of 8.11% per year.