XXXXXX, XXXXXX & XXXXXXXXX CAPITAL CORP.
0 Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000
Tel: (000) 000-0000 / Fax: (000) 000-0000
December 23, 2002
Xxxxx Xxxxxx
President & CEO
Senesco Technologies, Inc.
000 Xxxxxx Xxxxxx
Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Re: Financial Services Advisory Agreement
Dear Xxxxx,
Under the terms and conditions of this agreement, Senesco Technologies, Inc.
(the Company) agrees to engage Xxxxxx, Xxxxxx & Xxxxxxxxx Capital (specifically,
Xxxx Xxxxx) to perform various investment services for the Company for a period
of six-months under our Financial Services Advisory Program. The following sets
forth the terms and conditions upon which Senesco Technologies, Inc. has agreed
to engage PHDC and PHDC has agreed to be engaged.
Within the framework of this agreement PHDC (specifically, Xxxx Xxxxx) will
provide the following services:
o Introduce the Company to Institutional Investors: to receive strong
institutional awareness and sponsorship.
o Introduce the Company to Healthcare Analyst: to provide research
coverage.
o Advise the Company on strategies relating to investors in order to
leverage the Company's ability to gain on-going investor confidence.
o Provide the institutional investment community with periodic updates
on the Company.
o Introduce the Company to publications in order to receive media
coverage.
o If necessary, act as the Company's Non-exclusive Placement Agent,
upon such terms as may be agreed between the parties, for any future
funding requirements. It is understood by PHDC that Stanford
Financial Group has a right of first refusal to act the exclusive
managing agent as to Senesco's next equity placement.
This agreement will commence on February 1, 2002 and be in affect for a period
of 6 months and is renewable if mutually agreed by both parties. For providing
the above services, Senesco Technologies, Inc. agrees to pay PHDC a monthly
retainer of $5000.00 payable on the first of each month. Either party may
terminate this agreement upon thirty days written notice. It is specifically
understood by the parties that if one party shall duly exercise its right of
termination, neither party shall be entitled to any compensation or claim for
goodwill or other loss, cost or expense which either of them may suffer or claim
to have suffered by reason of termination of this agreement.
PHDC understands that it may receive confidential and or material non-public
information from the Company and PHDC agrees to maintain such information in
confidence and not to trade on such information. This requirement shall survive
termination of the agreement.
By providing these services my goal is to continue assisting Senesco
Technologies gain the visibility it so well deserves. I believe the Company has
a great future and the public should be made aware of the huge potential of your
technology. It has been a pleasure working with you and Xxxx. I look forward to
the future together so that I may contribute to Senesco's success in the
attainment of its goals.
Please acknowledge this agreement by signing at the base of this letter.
Sincerely, Agreed and Accepted:
Xxxxxx, Xxxxxx & Xxxxxxxxx Senesco Technologies, Inc.
Capital Corp.
By: /s/ Xxxx Xxxxx By: /s/ Xxxxx Xxxxxx
----------------------------- -----------------------------
Xxxx Xxxxx Xxxxx Xxxxxx
Senior Investment Banking Specialist President & CEO
