SEC Contract Filing

Filing Date: 2020-04-20

Document Content:
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<TYPE>EX-10.26
<SEQUENCE>21
<FILENAME>gthp_ex1026.htm
<DESCRIPTION>MATERIAL CONTRACTS
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Exhibit 10.26</font></div>
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PROMISSORY NOTE</font></div>
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Original Issuance Date: September 6, 2018</font></div>
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Principal Amount: $50,000</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">THIS
PROMISSORY NOTE is duly authorized and validly Note of Guided
Therapeutics, Inc., a Delaware corporation, (the "Company"), having
its principal place of business at 5835 Peachtree Corners East,
Suite B, Norcross, Georgia 30092.</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">FOR
VALUE RECEIVED, the undersigned promises to pay to John Gould
("Holder"), with an address of 3854 43rd Ave NE, Seattle, WA 98105
the principal sum of $50,000.00 plus a $2,500 origination fee for a
total of FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS AND no CENTS
($52,500.00) in lawful money of the United States of America at
such place as Holder may designate in writing. The note shall earn
6% interest per annum payable to the Holder in quarterly
installments beginning 90 days after funds are received by the
Company for any amount of the principle plus loan origination fee
that is unpaid.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">The entire unpaid principal balance due on this
Promissory Note</font> <font style="font-style: italic; color: #000000">(this</font> <font style="color: #000000">"Note"), together with all accrued and unpaid
interest and loan origination fees, if any, at the choice of the
Holder, shall be due and payable in full from the funds received by
the Company from a financing of at least $2,000,000.00 DOLLARS (two
million U.S. dollars, zero cents) or, at the option of the Holder,
to be included as part of the Company's financing under the same
terms as the new investors with the most favorable terms making a
cash investment. If the Company does not complete a financing of at
least $2,000,000 within 90 days of the execution of this Promissory
Note, any unpaid amounts shall be due in full to the Holder and
shall accrue interest at 12% (instead of 6%) per annum from the
date thereof (90 days after execution) if not paid in
full.</font></font></div>
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