Promissory Note, dated as of January 15, 2020, by and between Guided Therapeutics, Inc. and IRTH Communications, LLC

 

 

  

FOR AND IN CONSIDERATION OF the sum of Ten ($10.00) Dollar cash in hand, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, GUIDED THERAPEUTICS, INC., presently of 5835 Peachtree Corners East, STE B, Peachtree Comers, GA 30092, ("Promisor"), hereby unconditionally promises to pay to the order of lRTH COMMUNICATIONS, LLC ("Promisee") the present sum of ninety-nine thousand, three hundred sixty-eight dollars and ninety-seven cents ($99,368.97), plus interest accruing at the rate of 6%, to or for the benefit of Promisee, until paid in full, payable and due according to the following schedule:

$18,000.00 due on or before January 16, 2020 then $6,000.00 per month beginning February 1, 2020 and on the 1st day of each consecutive month following, until the above sum has been paid in full, together with (in the event of a default) all costs of collection. This debt shall bear simple interest at a rate of eighteen (18%) percent per annum following default.

THIS PROMISSORY NOTE is, a compromise made in repayment of a debt owed to the Promisee by the Promissor pursuant to the sales of goods by Promissee to Community Christian School.

AMOUNTS DUE under this Promissory Note are payable at the following address: HOWE LAW FIRM, P.C., P.e., 4385 Kimball Bridge Road, Suite 100, Alpharetta, Georgia 30022.

ALL PAYMENTS shall be made payable to the order of IRTH Communications, LLC.

No delay or forbearance by Promisee in collecting the aforesaid debt shall be construed as a waiver of Promisee's collection rights hereunder. Time is of the essence of this Agreement.

AND Promissor hereby fully waives and renounces, for itself and family, any and all exemption rights which it, may have under or by virtue of the Constitution or laws of Georgia, or of any other state, or of the United States, as against this debt or any renewal hereof; and further waives demand, protest and notice of demand, protest and non-payment.

 

 

 

 

 

FOR AND IN CONSIDERATION OF the sum of Ten ($10.00) Dollar cash in hand, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, GUIDED THERAPEUTICS, INC., presently of 5835 Peachtree Corners East, STE B, Peachtree Comers, GA 30092, ("Promisor"), hereby unconditionally promises to pay to the order of IRTH COMMUNICATIONS, LLC ("Promisee") the present sum of ninety-nine thousand, three hundred sixty-eight dollars and ninety-seven cents ($99,368.97), plus interest accruing at the rate of6%, to or for the benefit of Promisee, until paid in full , payable and due according to the following schedule:

$18,000.00 due on or thefore January 16,2020 then $6,000.00 per month beginning February 1, 2020 and on the 1st day of each consecutive month following, until the above sum has been paid in full , together with (in the event of a default) all costs of collection. This debt shall bear simple interest at a rate of eighteen (18%) percent per annum following default.

THlS PROMISSORY NOTE is, a compromise made in repayment of a debt owed to the Promisee by the Promissor pursuant to the sales of goods by Promissee to Community Christian School.

AMOUNTS DUE under this Promissory Note are payable at the following address: HOWE LAW FIRM, P.C., P.C., 4385 Kimball Bridge Road, Suite 100, Alpharetta, Georgia 30022.

No delay or forbearance by Promisee in collecting the aforesaid debt shall be construed as a waiver of Promisee's collection rights hereunder. Time is of the essence of this Agreement.