EXHIBIT 10.46
Bridge Loan Agreement, dated March 18, 1999, between the Company and
eBanker XXX.Xxx, Inc.
eBanker XXX.XXX, Inc.
0000 Xxxxxxx Xxxxxx
00xx Xxxxx
Xxxxxx, Xxxxxxxx 00000
March 18, 1999
Xxxxxxx X. Xxxxx, M.D.
Global Med Technologies, Inc.
00000 Xxxx Xxxxxx
Xxxxx X-000
Xxxxxxxx, XX 00000
Re: Bridge Loan $750,000 Convertible into Common Stock of Global Med
Technologies, Inc.
Dear Mick:
This letter confirms our understanding that eBanker XXX.Xxx, Inc., a
Colorado corporation ("eBanker") will loan to Global Med Technologies, Inc.
("Global") Seven Hundred Fifty Thousand Dollars ($750,000) on or before April
15, 1999 for a period of six months, with interest at the rate of 12% per annum
payable monthly.
The promissory note is convertible into common stock of Global at a price
based upon the average bid price of Global's common stock for a period of 15
business days prior to April 15, 1999. The promissory note must be converted
into Global Common Stock prior to October 15, 1999.
Very truly yours,
eBanker XXX.XXX, Inc.
By: /s/ Xxx X. Xxxx
---------------------------
Accepted:
Global Med Technologies, Inc.
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------
Xxxxxxx X. Xxxxx, M.D.
Chairman and CEO
