December 16, 2014 STRICTLY CONFIDENTIAL Dr. Graham Kelly Chairman and Chief Executive Officer Novogen Ltd.
Exhibit 4.15
December 16, 2014
STRICTLY CONFIDENTIAL
Dr. Xxxxxx Xxxxx
Chairman and Chief Executive Officer
00-00 Xxxxxxxxx Xxxxx Xxx.
Xxxxxxx NSW 2077 Australia
Dear Xxxxxx:
Reference is made to the engagement letter (the “Engagement Letter”), dated June 12, 2014, by and between Novogen Ltd. (the “Company”) and X.X. Xxxxxxxxxx & Co., LLC (“Xxxxxxxxxx”), pursuant to which Xxxxxxxxxx shall serve as the exclusive agent or advisor in North America in any offering of securities of the Company during the “Term” (as defined in the Engagement Letter).
The Company and Xxxxxxxxxx hereby agree to amend the terms of the compensation under the Engagement Letter. As such, the second sentence of Paragraph A(1) of the Engagement Agreement is hereby amended and restated as follows:
“Additionally, Xxxxxxxxxx shall receive a cash fee of 7% payable within 48 hours of (but only in the event of) the receipt by the Company of any proceeds from the exercise of any warrant, option, “greenshoe” or “additional investment” option component sold in each Offering and allowable under Australian law.”
The Company and Xxxxxxxxxx hereby agree to extend the Term of the Engagement Letter. As such, the first sentence of Paragraph B of the Engagement Letter is hereby amended and restated as follows:
“The term of Xxxxxxxxxx’x exclusive engagement will begin on the date hereof and end 120 days after the date hereof (the “Term”), provided that the Term shall apply to the period from December 16, 2014 through and including February 1, 2015.”
Except as expressly set forth above, all of the terms and conditions of the Engagement Letter shall continue in full force and effect after the execution of this agreement and shall not be in any way changed, modified or superseded by the terms set forth herein. Defined terms used herein but not defined herein shall have the meanings given to such terms in the Engagement Letter.
This agreement may be executed in two or more counterparts and by facsimile or “.pdf’ signature or otherwise, and each of such counterparts shall be deemed an original and all of such counterparts together shall constitute one and the same agreement.
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000 Xxxx Xxxxxx x Xxx Xxxx, Xxx Xxxx 00000 | 212.356.0500 | xxx.xxxxx.xxx
Member: FINRA/SIPC
IN WITNESS WHEREOF, this agreement is executed as of the date first set forth above.
Very truly yours, | ||||
X.X. XXXXXXXXXX & CO., LLC | ||||
By | /s/ Xxxx Xxxxxxx | |||
Name: | Xxxx Xxxxxxx | |||
Title: | Chief Executive Officer |
Accepted and Agreed: | ||||
NOVOGEN LTD. | ||||
By | /s/ Xxxxxx Xxxxx | |||
Name: | Dr. Xxxxxx Xxxxx | |||
Title: | Chairman and Chief Executive Officer |
[Signature Page to NVGN Engagement Letter Amendment]