Lender Agreement
Exhibit 10.89
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 Xxxxxxx Xxxxxxxxx ("Xxxxxxxxx") of [*], MN (collectively, the "Parties") on June 22, 2017.
The Parties agree as follows:
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1.
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In consideration for this loan dated June 22, 2017 from Xxxxxxxxx in the amount of $150,000 ("Loan"), OrangeHook will pay Xxxxxxxxx 00 basis points per day until the Loan is repaid no later than July 21, 2017 ("Loan Period"); provided, however that the amount owed to Xxxxxxxxx will be a minimum of $7,500 in interest, even if the Loan is repaid prior to twenty-five (25) days from the June 22, 2017.
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2.
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The maturity date of this Loan, as well as all accrued and unpaid interest, is July 21, 2017 (thirty days from the date of the Loan).
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3.
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Regardless of the source, the first $150,000 of funds received by OrangeHook will be paid to Xxxxxxxxx upon receipt and without delay and Xxxxxxxxx'x receipt of such amount will constitute a payment under this agreement. The amount of the Loan will be reduced on a dollar-for-dollar basis upon Xxxxxxxxx'x receipt of any payments from OrangeHook under this agreement.
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Agreed to and Accepted By:
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/s/ Xxxxx X. Xxxxxxx
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Date: June 22, 2017
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Xxxxx X. Xxxxxxx
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Title: CFO
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/s/ Xxxxxxx Xxxxxxxxx
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Date: June 22, 2017
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Xxxxxxx Xxxxxxxxx
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