Amendment to Consulting Agreement between Manhattan Scientifics, Inc. and Normadie New Mexico Corp.

Summary

This amendment updates the consulting agreement between Manhattan Scientifics, Inc. and Normadie New Mexico Corp. It specifies that if the consultant helps secure a successful debt or equity investment for the company, the company will use part of the investment proceeds to pay off any debt owed to the consultant. Additionally, the company’s board may choose to award a bonus to the consultant after such a transaction. The amendment is effective upon agreement by both parties.

EX-10.16 12 mhtx_ex1016.htm AMENDMENT TO THE CONSULTING AGREEMENT mhtx_ex1016.htm

EXHIBIT 10.16

MANHATTAN SCIENTIFICS, INC.

The Chrysler Building

405 Lexington Avenue, 26th Floor

New York, New York 10174

March 28, 2013

Marvin Maslow, President

Normadie New Mexico Corp.

Re: Consulting Agreement dated October 1, 2009 between Manhattan Scientifics, Inc. and Normadie New Mexico Corp. (the “Agreement”)

Dear Mr. Maslow:

Reference is hereby made to the Agreement. The parties hereby agree to amend and restate Section 3(b) of the Agreement as follows:

Upon the completion of a successful debt and/or equity investment financing made by Company, during the term of this Agreement, in which investors and/or investment consultants or bankers introduced to Company by Consultant or with respect to which Consultant has a pivotal role in completing any such investment transaction, Company hereby agreed to use a portion of the proceeds of such transaction to pay off debt owed to Consultant. In addition, the Company, at the discretion of the Board of Directors, may provide additional compensation in the form of a bonus upon the closing of such transaction.

If you agree with the above terms, please execute below and return to the undersigned.

		Manhattan Scientifics, Inc.

		By:
		Name:
		Title:

ACKNOLEDGED AND AGREED:

Normadie New Mexico Corp.

By:
Name:	Marvin Maslow
Title:	President