• Careteq secures $500,000 convertible note from Antanas Guoga
• Board members provide $125,000 in loans to support working capital
• Convertible note has 12% interest rate and 4-year maturity

Careteq Limited (ASX: CTQ), a clinical healthtech company, has announced that it has entered into a binding convertible note agreement with Mr Antanas Guoga (Tony G) to raise $500,000 for working capital purposes. In addition, all members of the Careteq Board, including the Company Secretary, have also entered into binding loan agreements to provide a further $125,000 in working capital to the company. The combined $625,000 in funding will ensure Careteq is well-positioned financially in the medium term. Tony Guoga is a renowned investor, technology entrepreneur, philanthropist and former member of the European parliament for Lithuania. He has extensive experience in the technology sector, including start-ups, business development, management, and venture capital. The convertible note from Guoga has a 4-year maturity, with a 12% per annum interest rate that will be capitalized and added to the face value of the note. The note is convertible into fully paid ordinary shares in Careteq at $0.01 per share upon certain events, including a trade sale, change of control, or the maturity date. The board member loans also have a 4-year term and 12% interest rate.