Amendment to Engagement Agreement between CytRx Corporation and Cappello Capital Corp. (June 2003)
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Summary
CytRx Corporation and Cappello Capital Corp. have agreed to modify their existing Engagement Agreement dated May 16, 2003. The amendment removes the provision that allowed retainer amounts to be credited against fees owed to Cappello Capital Corp. Both parties have signed this letter to confirm the change, which is effective as of June 17, 2003.
EX-10.14 7 exhibit_1014.txt Exhibit 10.14 June 6, 2003 Mr. Steven Kriegsman CytRx Corporation 11726 San Vicente Blvd. Suite 650 Los Angeles, CA 90049 Dear Steve: This letter will memorialize our agreement to modify the Engagement Agreement between CytRx Corporation and Cappello Capital Corp. dated May 16, 2003. The Fees and Expenses section of the Engagement Agreement, subsection (a), is hereby amended to delete the provision that provides for the crediting of any retainer amounts against any fees to be paid to Cappello Capital Corp. under the Agreement. Please signify your agreement by executing this letter in the space provided below. Sincerely, /s/ Gerard K. Cappello - ----------------------- Gerard K. Cappello President and CEO Cappello Capital Corp. Agreed and Accepted: CYTRX CORPORATION By: /s/ Steven A. Kriegsman ------------------------ Title: P/CEO ---------------------- Date: 6-17-03 -----------------------
