OrangeHook, Inc. (OTCPK:ORHK) announced that it has entered into a private placement with existing lender MEZ Capital, LLC for a commercial promissory note for gross proceeds of $672,999 on January 14, 2019. The company will pay interest of $40,379.94 on or before maturity date and a principal payment in the amount of $250,000 when the company closes on certain future private placement. The note is supported by five personal guarantees, including James L. Mandel, President and Chief Executive Officer, Jeffrey J. Hattara, Chief Strategy Officer, and Whitney E. Peyton and Donald M. Miller, Board of Directors of the company. The company will pay $47,028 as legal expenses. The note has a maturity date of March 24, 2019 and it carries a default rate of interest of 4% on the outstanding principal balance.