Amendment to Engagement Letter Between CryoPort, Inc. and Craig-Hallum Capital Group LLC Regarding Co-Placement Agent Fees
This amendment updates the original engagement letter between CryoPort, Inc. and Craig-Hallum Capital Group LLC for a private placement of equity or equity-linked securities. If Maxim Group LLC is appointed as a co-placement agent, Craig-Hallum will receive a 4% fee on gross proceeds from investors brought in by Maxim, provided certain conditions are met within the term or six months after. All other terms of the original agreement remain unchanged.
Exhibit 10.41
STRICTLY CONFIDENTIAL
February 13, 2012
CryoPort, Inc.
225 Broadway, Suite 430
San Diego, CA92101
Attention: Larry Stambaugh, Chairman and Chief Executive Officer
Amendment To Engagement Letter: Co-Placement Agent
This letter amends the agreement between Craig-Hallum Capital Group LLC (Craig-Hallum) and CryoPort, Inc. (the Company) dated January 17, 2012 (the Agreement) constitutes our understanding with respect to the engagement of in connection with the proposed offer and private placement (the Offering) by the Company of equity or equity-linked securities of the Company (the Securities).
In the event Maxim Group LLC (Maxim) is appointed co-placement agent, Craig-Hallum shall receive a fee (the Additional Placement Agent Fee) in the amount of 4.0% of the gross proceeds from investors brought in by Maxim that were approved to contact by Craig-Hallum if either during the Term or within 6 months following the Term: (i) an Offering is consummated with Potential Investors introduced by Emergent, or (ii) a definitive agreement or letter of intent or other evidence of commitment is entered into with one or more Potential Investors introduced by Maxim which subsequently results in an Offering of Securities of the Company being consummated. All other provisions of the Agreement shall remain in full force and effect, including the Lead Placement Agent Warrant.
CRAIG-HALLUM CAPITAL GROUP, LLC | ||
By: | /s/ Rick Hartfiel | |
Name: Rick Hartfiel Title: Director of Investment Banking | ||
ACCEPTED AND AGREED TO: | ||
By: | /s/ Robert Stefanovich | |
Name: Robert Stefanovich | ||
Company: Cryoport | ||
Title: Chief Financial Officer |