NIMS borrows $150K from related parties Frost Gamma Trust and Jane Hsiao at 11% interest

NON INVASIVE MONITORING SYSTEMS INC /FL/

Two $75,000 promissory notes executed Oct 4, 2021 with Frost Gamma Investments Trust (Dr. Phillip Frost) and Jane Hsiao (Chairman/Interim CEO).
Each note bears 11% annual interest; principal and accrued interest due October 4, 2023; prepayable without penalty.
Frost Gamma Trust is controlled by Dr. Phillip Frost, who beneficially owns >10% of NIMS common stock.
Jane Hsiao is Chairman and Interim CEO of NIMS and a >10% beneficial owner.
Proceeds purpose not disclosed; notes governed by Florida law, enforceable in Miami-Dade County courts.

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