CONFIDENTIAL Soligenix, Inc. Princeton, NJ 08540 Attention: Dr. Christopher J. Schaber Ph.D., CEO Re: Soligenix, Inc.– Financial Advisory Agreement Dear Dr. Schaber,
July 9, 2024
CONFIDENTIAL
00 Xxxxxx Xxxxx, Xxxxx X-00
Princeton, NJ 08540
Attention: Xx. Xxxxxxxxxxx X. Xxxxxxx Ph.D., CEO
Re: Soligenix, Inc.– Financial Advisory Agreement
Dear Xx. Xxxxxxx,
The purpose of this letter (this “Agreement”) is to confirm the engagement of A.G.P./Alliance Global Partners (“A.G.P.”) by Soligenix, Inc., a Delaware corporation (the “Company”), to render Financial Services (as defined below) to the Company.
i. | providing introductions to or strategic advice with respect to potential investors or other sources of capital to finance the Company’s business objectives; |
ii. | providing other general corporate finance or strategic financial consultancy services as required by the Company; |
iii. | providing consultancy services in connection with capital raising, recapitalization, or restructuring by the Company, including, raising capital by means of senior secured debt, unsecured or subordinated debt, preferred stock or common equity; and |
iv. | additional services incidental to the above, as directed by the Company. |
i. | Promptly after receipt by A.G.P. of notice of any claim or the commencement of any action or proceeding with respect to which A.G.P. is entitled to indemnity hereunder, A.G.P. will notify the Company in writing of such claim or of the commencement of such action or proceeding, but failure to so notify the Company shall not relieve the Company from any obligation it may have |
hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects or is requested by A.G.P., the Company will assume the defense of such action or proceeding and will employ counsel reasonably satisfactory to A.G.P. and will pay the fees and expenses of such counsel. Notwithstanding the preceding sentence, A.G.P. will be entitled to employ counsel separate from counsel for the Company and from any other party in such action if counsel for A.G.P. reasonably determines that it would be inappropriate under the applicable rules of professional responsibility for the same counsel to represent both the Company and A.G.P. In such event, the reasonable fees and disbursements of no more than one such separate counsel will be paid by the Company, in addition to local counsel. The Company will have the exclusive right to settle the claim or proceeding provided that the Company will not settle any such claim, action or proceeding without the prior written consent of A.G.P., which will not be unreasonably withheld.
ii. | The Company agrees to notify A.G.P. promptly of the assertion against it or any other person of any claim or the commencement of any action or proceeding relating to a transaction and/or the services contemplated by this Agreement. |
iii. | If for any reason the foregoing indemnity is unavailable to A.G.P. or insufficient to hold A.G.P. harmless, then the Company shall contribute to the amount paid or payable by A.G.P. as a result of such losses, claims, damages or liabilities in such proportion as is appropriate to reflect not only the relative benefits received by the Company on the one hand and A.G.P. on the other, but also the relative fault of the Company on the one hand and A.G.P. on the other that resulted in such losses, claims, damages or liabilities, as well as any relevant equitable considerations. The amounts paid or payable by a party in respect of losses, claims, damages and liabilities referred to above shall be deemed to include any legal or other fees and expenses incurred in defending any litigation, proceeding or other action or claim. Notwithstanding the provisions hereof, A.G.P.’s share of the liability hereunder shall not be in excess of the amount of fees actually received, or to be received, by A.G.P. under this Agreement (excluding any amounts received as reimbursement of expenses incurred by A.G.P.). |
iv. | These indemnification provisions shall remain in full force and effect whether or not the transaction and/or services contemplated by this Agreement is completed and shall survive the termination of this Agreement, and shall be in addition to any liability that the Company might otherwise have to any indemnified party under this Agreement or otherwise. |
v. | The Company represents that it is free to enter into this engagement letter and the transactions contemplated hereby, that it will act in good faith, and that it will not hinder A.G.P.’s efforts hereunder. Notwithstanding any provision of this engagement letter to the contrary, the Company agrees that neither A.G.P. nor its affiliates, and the respective officers, directors, employees, agents and |
representatives of A.G.P., its affiliates and each other person, if any, controlling A.G.P. or any of its affiliates, will have any liability (whether direct or indirect, in contract or tort or otherwise) to the Company for or in connection with the engagement and transaction described herein except for any such liability for losses, claims, damages or liabilities incurred by us that are finally judicially determined to have resulted from the bad faith or gross negligence of such individuals or entities. A.G.P. will act under this engagement letter as an independent contractor with duties to the Company.
[Signature Page Follows]
In acknowledgment that the foregoing correctly sets forth the understanding reached by A.G.P. and the Company, please sign and return to us one copy of this engagement letter. This engagement letter may be executed in counterparts (including facsimile or .pdf counterparts), each of which shall be deemed an original but all of which together shall constitute one and the same instrument.
Yours truly,
A.G.P./ALLIANCE GLOBAL PARTNERS
By: /s/ Xxxxxx X. Xxxxxxx ________________________
Name: Xxxxxx X. Xxxxxxx
Title: Managing Director
Accepted and agreed to as of
the date first written above:
By: /s/ Xxxxxxxxxxx X. Xxxxxxx
_________________________
Name: Xx. Xxxxxxxxxxx X. Xxxxxxx
Title: Chief Executive Officer
EXHIBIT 10.2
Exhibit A
Wire Instructions
Bank Name: Xxxxx
Bank Address:00 Xxxx Xxxxxx
New York, NY 10005
Bank Phone Number: 000-000-0000
ABA Number: 000000000 (For U.S. Domestic Wires)
SWIFT:XXXXXX00 (For International Wires)
Account Number: 306900777
Beneficiary Name: A.G.P. / Alliance Global Partners Corp.
Beneficiary Address: 000 Xxxxxxx Xxxxxx, 00xx Xxxxx
New York, NY 10022