THIS SECOND AMENDMENT
(the “Second Amendment”) is dated as of April 1, 2017 (the “Effective Date”), by and between MRI Interventions,
Inc., a Delaware corporation, having its principal office located at 5 Musick, Irvine, California, 92618 (“MRI”),
and Kimble L. Jenkins (“Consultant”), and amends that certain Consulting Agreement, by and between MRI and the
Consultant, entered into on April 1, 2015, and amended on December 15, 2016 (the “Agreement”).
in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, MRI and Consultant agree as follows:
1. Sections 3(a) and 3(b) of the Agreement are deleted, in their entirety, and replaced with the following
subsections (a) and (b):
“(a) Subject to the
following sentence, for Consulting Services requested by and provided to MRIC hereunder, MRIC will pay Consultant at the rate of
$30,000 per calendar month for the period commencing April 1, 2017 and ending May 31, 2017. Begining June 1, 2017, MRIC
will pay Consultant at the rate of one hundred and fifty five dollars ($155.00) per hour worked with a maximum daily rate of twelve
hundred forty dollars ($1,240.00).
will not be paid separately for travel time incurred for the period commencing April 1, 2017 and ending May 31, 2017. Thereafter,
and notwithstanding paragraph (a) above: (i) for travel time, MRIC will pay Consultant at the rate of fifty dollars per hour, with
a maximum daily travel rate of four hundred dollars ($400.00); and (ii) for days that include both consulting and travel hours,
the aggregate daily rate will be capped at twelve hundred forty dollars ($1,240.00).”
terms used herein, which are not otherwise defined, will have the meaning ascribed to them in the Agreement.
as expressly otherwise set forth herein, all of the terms and conditions of the Agreement will remain unchanged and continue in
full force and effect.
the event of any conflict or inconsistency between the terms and conditions set forth in this Amendment and the Agreement, the
provisions of this Amendment will prevail. The execution and delivery of this Amendment by delivery of a facsimile or .pdf copy
bearing the facsimile or .pdf signature of a party hereto will constitute a valid and binding execution and delivery of this Amendment,
and such facsimile or .pdf copies will constitute enforceable original documents.
[signature page follows]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the Effective Date.
MRI Interventions, Inc.
By: /s/ Francis P. Grillo
Name: Francis P. Grillo
Title: Chief Executive Officer
By: /s/ Kimble L. Jenkins
Name: Kimble L. Jenkins