SEC Contract Filing

Filing Date: 2021-01-05

Document Content:
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<TYPE>EX-10.06
<SEQUENCE>2
<FILENAME>ex10-06.htm
<DESCRIPTION>FIFTH AMENDMENT TO PROMISSORY NOTE
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><A HREF="crvw-8k_123120.htm">CAREVIEW COMMUNICATIONS, INC. 8-K</A></P>
<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: right"><B>Exhibit 10.06</B></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: center"><U>FIFTH AMENDMENT TO PROMISSORY NOTE</U></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">This Fifth Amendment
to Promissory Note (this &ldquo;Amendment&rdquo;) is entered into as of December 31, 2020, by and between CareView Communications,
Inc., a Nevada corporation (&ldquo;Maker&rdquo;) and Rockwell Holdings&nbsp;I, LLC, a Wisconsin limited liability company (&ldquo;Holder&rdquo;).</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: center">BACKGROUND</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Reference is hereby made to that certain Promissory Note dated as of January&nbsp;31,&nbsp;2017, made by Maker to the order of
Holder in the original principal amount of $1,113,785.84, as amended by that certain Amendment to Promissory Note dated as of
February&nbsp;2, 2018; that certain Second Amendment to Promissory Note dated as of December&nbsp;31, 2019; that certain Third
Amendment to Promissory Note dated as of January&nbsp;31, 2020; and that certain Fourth Amendment to Promissory Note dated as
of March&nbsp;31, 2020 (the &ldquo;Promissory Note&rdquo;). Pursuant to this Amendment, Maker and Holder are further amending
the Promissory Note.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker had advised Holder that, effective as of December&nbsp;28, 2017, Maker had entered into a modification agreement requiring
Maker to obtain the agreement of Holder that Maker would not be obligated to make more than 50% of each principal payment in respect
of the Promissory Note for a modification period commencing on January&nbsp;1, 2018.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker had advised Holder that it would need additional time to pay off the Promissory Note balance and make the final balloon
payment. Maker and Holder had agreed to extend the term of the Promissory Note by one (1) year and continue the quarterly principal
payments through September 30, 2020 with the final balloon payment due on December 31, 2020.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker and Holder had agreed on a brief extension of time to make the December&nbsp;31, 2019 quarterly payment; from December 31,
2019 to January 31, 2020.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker and Holder had agreed on a brief extension of time to make the December&nbsp;31, 2019 quarterly payment; from January 31,
2020 to February 10, 2020.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker and Holder had agreed on a brief extension of time to make the March&nbsp;31, 2020 quarterly payment; from March 31, 2020
to April 16, 2020.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Maker has advised Holder that it will need additional time to pay off the Promissory Note balance and make the final balloon payment.
Maker and Holder have agreed (i)&nbsp;to extend the term of the Promissory Note by one (1) year and continue the quarterly principal
payments through September&nbsp;30, 2021 with the final balloon payment due on December&nbsp;31, 2021 and (ii)&nbsp;that the quarterly
principal payment that would otherwise be due on December&nbsp;31, 2020 will not be required to be made until the final balloon
payment due date.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">H.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For value received, Holder has agreed to amend the term of the Promissory Note and the December&nbsp;31, 2020 quarterly payment
under the Promissory Note as provided below.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">In consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereby agree as follows:</P>

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<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Amendment to Promissory Note. Maker and Hol