1
EXHIBIT 10.31
GERON CORPORATION
SECOND AMENDMENT TO
NOTE SECURED BY SECOND DEED OF TRUST
This Second Amendment to Promissory Note is made as of January 28, 1997,
by and between Geron Corporation, a Delaware corporation (the "COMPANY") and
Xxxxx Xxxx Xxxxxxxx ("MAKER") and is entered into with respect to the Note
Secured by Second Deed of Trust (the "Note") dated as of May 20, 1993, pursuant
to which the Company loaned Maker an aggregate principal amount of $50,000 (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, and to amend the Note to provide that no interest shall
accrue during the period of this extension.
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.
No Interest shall be due on the principal balance of
this Note during the period of this extension."
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/ Xxxxx Xxxx Xxxxxxxx
------------------------------ --------------------------------
TITLE: CHIEF FINANCIAL OFFICER XXXXX XXXX XXXXXXXX
------------------------------