On January 19, 2017, OrangeHook, Inc. entered into a lender agreement with Richard Bernstein (Bernstein), and such agreement was amended on January 25, 2017. Pursuant to the terms of the Agreement, Bernstein loaned the company the principal amount of $300,000. The Loan has a maturity date of February 15, 2017, bears interest at a rate of 20 basis points per day, and provides for a minimum interest amount of $12,000. All funds received by the Company must be used to repay the Loan. Upon mutual agreement of the parties, additional loans may be issued to the Company on the same terms of the Loan, provided that the issuance of any additional loans will be dependent upon the repayment of the principal and interest of any previous loan, that in no case will the total outstanding principal amount borrowed under any loan or loans exceed $300,000 in the aggregate and that the parties may mutually agree to substitute alternative payment terms, such as specific accounts receivable being utilized to satisfy loan obligations.