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EXHIBIT 10.32
GERON CORPORATION
SECOND AMENDMENT TO
NOTE SECURED BY STOCK PLEDGE AGREEMENT
This Second Amendment to Promissory Note is made as of January 28, 1997,
by and between Geron Corporation, a Delaware corporation (the "COMPANY") and Xx.
Xxxxxxx X. Xxxx ("MAKER") and is entered into with respect to the Note Secured
by Stock Pledge Agreement (the "Note") dated as of July 7, 1993, pursuant to
which the Company loaned Maker an aggregate principal amount of $55,000 (the
"Borrowed Amount").
RECITALS
WHEREAS, the parties desire to extend the term of the Note to provide
that the principal balance under the Note will become due and payable on
December 31, 1998.
NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which is hereby acknowledged, it is agreed as follows:
1. Paragraph 1 of the Note is hereby amended to read as follows:
"1. Principal and Interest. The principal balance of this
Note shall become due and payable on December 31, 1998.
Interest on the principal balance of this Note shall
accrue at the rate of 6.00% per annum, compounded
annually, beginning as of July 8, 1996."
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the day and year first above written.
GERON CORPORATION MAKER
BY: /s/ Xxxxx X. Xxxxxxxxx /s/ Xxxxxxx X. Xxxx, Ph.D.
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TITLE: CHIEF FINANCIAL OFFICER XXXXXXX X. XXXX, Ph.D.
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