OrangeHook, Inc. (OTCPK:ORHK) announced a private placement of a two-week convertible promissory notes with John Crotteau, and Daniel Thompson, for gross proceeds of $150,000 and $100,000 on December 6, 2017. The John Crotteau note and the Daniel Thompson note mature on December 20, 2017 and December 21, 2017, respectively. Each convertible promissory note provides for a fixed amount of interest equal to two and 2.5% of the principal amount of the note, to be paid on or before the applicable maturity date regardless of the number of days outstanding. The amount of interest to be paid equals $3,750 in the case of the John Crotteau note and $2,500 in the case of the Daniel Thompson note. The note holders have the option to convert all or part of any of the remaining principal amount or interest due into shares of the company's common stock at the same price per share as the company's private investment in public entity transaction. The convertible promissory notes further provide that the holder represents and warrants, among other things, that he is an accredited investor.