EXHIBIT 10.11

                                      EXHIBIT 10.11

                          SECURITY AGREEMENT AMENDMENT

      THIS SECURITY  AGREEMENT  AMENDMENT is made as of December 7, 2004, by and
between Strategic Equity Corp., (the "Secured Party") and Swiss Medica,  Inc., a
Delaware corporation (the "Debtor");

WHEREAS:

      1.    The Secured  Party and the Debtor  have  executed a Note and Warrant
            Purchase  Agreement and a Security  Agreement dated December 6, 2004
            (the "Security Documents") to secure a loan of $600,000 dollars CAD;

      2.    The Secured Party has agreed to loan an  additional  $105,000 USD to
            the Debtor; and

      3.    The Debtor has agreed to issue an  additional  Note for $105,000 USD
            (the "Additional  Note") to the Secured Party in accordance with the
            terms of the Security Documents;

NOW THEREFORE in consideration  of the premises  contained herein and other good
and valuable consideration the parties hereto agree:

      1.    The Security Agreement shall be amended by deleting Section 1 in its
            entirety and replacing it with the following:

            "1.  Obligations  Secured.  The  security  interest  granted by this
            Security  Agreement  shall  secure  payment  of all  sums due to the
            Secured Party ("SECURED DEBT") under the Secured  Promissory Note in
            the  principal  amount of $300,000 CAD ("NOTE")  issued by Debtor in
            favor  of  Secured  Party  dated on or about  the date  hereof,  the
            Additional Note in the principal  amount of $105,000 USD dated on or
            about  December 7, 2004 and payment of all sums due to Secured Party
            under the Secured  Promissory Note to be issued by Debtor to Secured
            Party on or before January 3, 2005, as provided in that certain Note
            and  Warrant   Purchase   Agreement,   as  amended  (the   "Purchase
            Agreement")  entered into between Debtor and Secured Party,  if such
            Note is issued (the "January Note")."

      2.    This Agreement may be executed in one or more counterparts,  each of
            which  shall be deemed an original  but all of which shall  together
            constitute one and the same agreement.

IN WITNESS  WHEREOF,  the parties  have  caused  this Note and Warrant  Purchase
Agreement  Amendment to be duly  executed and delivered by their proper and duly
authorized officers as of the date and year first written above.


COMPANY:                                    LENDER:

SWISS MEDICA, INC.                          STRATEGIC EQUITY CORP.


By: /s/ Xxxxx X. Xxxxxxx                    By: /s/ Xxxx Xxxxxxx
    -----------------------                     ----------------
     Xxxxx X. Xxxxxxx,                          Xxxx Xxxxxxx, Director
     Chief Executive Officer                    Business Development