Fee Agreement for Placement of Common Stock between CytRx Corporation and Cappello Capital Corp.
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Summary
CytRx Corporation and Cappello Capital Corp. have agreed on the fees for Cappello's services in placing $8,695,000 of CytRx's common stock. Cappello will receive $687,992.90 in cash and 427,203 warrants with a ten-year term and an exercise price of $2.10. This agreement replaces any previous fee arrangements for this transaction. Both parties signed the agreement on September 19, 2003.
EX-10.9 9 ex10_9.txt EXHIBIT 10.9 September 19, 2003 Mr. Steven A. Kriegsman President and CEO CytRx Corporation 11726 San Vicente Blvd. Suite 650 Los Angeles, CA 90049 Dear Steve: This letter will confirm our agreement that, notwithstanding what is otherwise provided for in the engagement agreement dated May 16, 2003 by and between Cappello Capital Corp. and CytRx Corporation, that the below shall constitute Cappello's fees in full with respect to the placement of $8,695,000 of CytRx's common stock on September 16, 2003. Cash - $687,992.90 Warrants - 427,203 with a ten year life and an exercise price of $2.10 Agreed and acknowledge: CytRx Corporation Cappello Capital Corp. By: /s/ Steven A. Kriegsman By: /s/ Rob Deutschman ----------------------- ------------------------- Steven A. Kriegsman Rob Deutschman Date: 9/19/03 Date: 9/19/03 ------- ------- cc: Sandy Hillsberg Alexander Cappello Gerard Cappello
