On May 16, 2018, OrangeHook, Inc. entered into a Commercial Promissory Note effective May 10, 2018, for $740,076.75 with MEZ Capital LLC, a Minnesota limited liability company The principal amount includes loan discount and other fees totaling $35,241.75. The note matures on June 9, 2018 and callsfor payment of a stated amount of interest of $22,202.30 due along with the outstanding principal balance at maturity. The 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 note includes a default rate of interest equal to 4% on the outstanding principal balance. The note replaces the March 7, 2018 note issued by OrangeHook MN toMEZ in the amount of $659,000 which matured on May 10, 2018 and was disclosed previously in the company's Current Report on Form 8-K filed on March 13, 2018.