SEC Contract Filing

Filing Date: 2018-03-16

Document Content:
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<TYPE>EX-10.11
<SEQUENCE>3
<FILENAME>s109375_ex10-11.htm
<DESCRIPTION>EXHIBIT 10.11
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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><IMG SRC="img001_v1.jpg" ALT="(AVRA LOGO)"></P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.85pt 0pt 6pt; text-align: justify; text-indent: 28pt"><B>THIS
AGREEMENT</B>, made effective August 1, 2017 (the &ldquo;<B>Effective Date</B>&rdquo;), between AVRA Medical Robotics Inc., a Florida
corporation (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), and Albert Christian Schauer, residing at 6455 N 39th
Street, Augusta, Michigan 49012, USA (hereinafter referred to as the <B>&ldquo;Employee</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.95pt 0pt 6pt; text-align: justify; text-indent: 28pt"><B>WHEREAS</B>,
the Company wishes to convert payments due to the Employee per the Employment Agreement dated August 1, 2016 into Company shares
on the terms and conditions hereinafter set forth, and the Employee wishes to accept such conversion;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.95pt 0pt 6pt; text-align: justify; text-indent: 28pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.95pt 0pt 6pt; text-align: justify; text-indent: 28pt"><B>NOW
THEREFORE</B>, in consideration of the covenants of each of the parties given to the other and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in; text-align: left">a)</TD><TD STYLE="text-align: justify">From August 1, 2017 through August 1, 2018 the Employee
agrees that all cash payments due to the Employee per the Employment Agreement dated August 1, 2016, will be paid in Company restricted
common shares using a share price of $2.00. The Company shall issue these shares to the Employee as soon as they are due and as
soon as is feasible.</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>.
the parties hereto have executed this Agreement as of the 1<SUP>st</SUP> day of August 2017.</P>

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 <TD COLSPAN="2"><B>AVRA Medical Robotics Inc.</B></TD>
 <TD>&nbsp;</TD></TR>
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 <TD STYLE="width: 3%">&nbsp;</TD>
 <TD STYLE="width: 27%">&nbsp;</TD>
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 <TD>By:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">/s/ Barry F. Cohen</TD>
 <TD>&nbsp;</TD></TR>
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 <TD>&nbsp;</TD>
 <TD>Barry F. Cohen, CEO</TD>
 <TD>&nbsp;</TD></TR>
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 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
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 <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ A. Christian Schauer</TD>
 <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD COLSPAN="2">A. Christian Schauer</TD>
 <TD>&nbsp;</TD></TR>
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