SEC Contract Filing

Filing Date: 2018-08-02

Document Content:
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<TYPE>EX-10.11
<SEQUENCE>12
<FILENAME>ex10-11.htm
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit 10.11</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><U>Second AMENDMENT
TO Promissory note</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase"><B>THIS
Second Amendment </B></FONT><B>(THE &ldquo;SECOND AMENDMENT&rdquo;) <FONT STYLE="text-transform: uppercase">DATED July 27, 2018,
shall amend the Promissory note </FONT>(THE &ldquo;NOTE&rdquo;) <FONT STYLE="text-transform: uppercase">dated AS OF OCTOBER 27,
2015 AND AMENDED ON JULY 20, 2017 (THE &ldquo;FIRST AMENDMENT&rdquo;) </FONT>AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE &ldquo;MAKER&rdquo;)
AND <FONT STYLE="text-transform: uppercase">JANE HSIAO </FONT>(THE &ldquo;PAYEE&rdquo;) AS NOTED BELOW. THE NOTE, THE FIRST AMENDMENT,
AND THE SECOND AMENDMENT SHALL BE REFERRED TO AS THE AMENDED NOTE.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>RECITALS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Maker and
Payee (collectively, the &ldquo;Parties&rdquo;) are parties to the Note which became effective on October 27, 2015; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>on July
20, 2017, the Parties amended the Note to extend the Maturity Date from July 31, 2017 until July 31, 2018; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS, </B>the Parties
desire to amend the Note to extend the Maturity Date from July 31, 2018 until July 31, 2020.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE</B>, in
consideration of the mutual covenants and promises contained in the Note and this Second Amendment and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>AMENDMENT</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in"><B>1. </B>Section
1 of the Note is hereby amended and restated in its entirety as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The principal amount of the loan evidenced
hereby, together with any accrued and unpaid interest, and any and all unpaid costs, fees and expenses accrued, shall be due and
payable on July 31, 2020 (the &ldquo;Maturity Date&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>2. Governing Law</B>.
This Second Amendment shall be governed by the laws of the State of Florida without regard to its conflict of laws rules or principles.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>3. Amendments. </B>Except
as expressly amended hereby, the Note shall remain unmodified and in full force and effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>4. Entire Agreement</B>.
This Second Amendment and the Note constitute the entire agreement of the Parties with respect to the subject matter hereof and
supersede all prior understandings and writings between the Parties relating thereto.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>5. Interpretation</B>.
Any capitalized terms used in this Second Amendment but not otherwise defined shall have the meaning provided in the Note.</P>

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