Lender Agreement
Exhibit 10.87
This Lender Agreement ("Agreement") is entered into by and between OrangeHook, Inc. ("OrangeHook"), a Florida corporation with headquarter offices at 000 Xxxxx Xxx. X., Xxx. 000, Xxxxxxx, XX 00000 and Xxxxxx Xxxxxx ("Xxxxxx") of [*] FL (collectively, the "Parties") on June 9, 2017 ("Effective Date").
The Parties agree as follows:
1. Xxxxxx is originating a loan of $500,000 to OrangeHook as of the Effective Date (the "Loan").
2. In consideration for the Loan, OrangeHook agrees to pay Xxxxxx interest on the Loan in an amount equal to 20 basis points per day of the outstanding principal balance of the Loan beginning on the Effective Date and ending on the date the Loan is repaid in full. The principal balance of the Loan, together with all accrued and unpaid interest, will be paid by OrangeHook to Xxxxxx no later than August 4, 2017.
3. The terms of this Agreement may be amended by the Parties through mutual written agreement of the Parties.
Agreed to and Accepted By:
/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
Title: CFO
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
