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Title: |
Financial Advisory Agreement |
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Entities: |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 23KB total |
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Price: |
$33 |
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ID: |
#1650626 |
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Financial Advisory Agreement
This Agreement is made and entered into on this 5 day of December 2000, by and
between Neurotech Development Corporation, a Delaware Corporation with offices
located at 45 Orchard Street, Manhasset, New York 11030 (the "Company"), and
Security Capital Trading, Inc., a Delaware Corporation with offices located at
111 Broadway, New York, New York 10006 (the "Consultant").
In consideration of and for the mutual promises and covenants contained here,
and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto hereby agree as follows:
1. Purpose. The Company hereby retains the Consultant during the term
specified in Section 2 below, to render consulting advice on a
non-exclusive basis to the Company as an investment banker relating to
financial and similar matters, upon the terms and conditions as set forth
herein.
2. Term. This Agreement shall be for a term of twenty-four months, commencing
on the 5th day of December the ("Effective Date"), and terminating on the
4th of December, 2002 (the "Termination Date"), unless extended by the
initial agreement of the parties hereto.
3. Duties of Consultant. During the term of this Agreement, the Consultant
will provide the Company with such regular and customary advice as is
reasonable by the Company, provided that, the Consultant shall not be
required to undertake duties not reasonably within the scope of the
consulting advisory service contemplated by this Agreement. In performance
of these duties, the Consultant shall provide the Company with the benefits
of their best judgment and efforts. It is understood and acknowledged by
the parties that the value of the Consultant's advice is not measurable in
any quantitative number, and that the Consultant shall be obligated to
render advice, upon the request of the Company, in good faith, but shall
not be obligated to spend specific amounts of time in doing so and shall
provide such services at times convenient to Consultant. The Consultant's
duties may include but, will not necessarily be limited to:
A. Providing exposure in connection with the dissemination of
corporate information regarding the Company to the investment
community at large under a systematic approach.
B. Rendering advice and assistance in connection with the
preparation of annual and interim reports and press releases.
C. Arranging, on behalf of the Company and its representatives, at
appropriate times, meetings with securities analysts of major
regional investment banking firms.
D. Assisting in the Company's financial public relations, including
discussions between the Company and the financial community.
E. Rendering advice with regard to internal operations, including:
1) advice regarding the formation of corporate goals and
their implementation;
2) advice regarding the financial structure of the Company
and its future divisions or subsidiaries, if any, or
any programs and projects of such entities;
3) advice concerning the securing, when necessary and if
possible, of additional financing through equity sales,
banks, insurance companies and/or other institutions;
4) advice regarding corporate organization and personnel.
F. Rendering advice with respect to any acquisition program of the
Company.
<PAGE> 2
G. Rendering advice regarding a future public or private offering of
securities of the Company or of any future subsidiary.
4. Relationship with others. The Company acknowledges that the Consultant and
its affiliates are in the business of providing financial services and
consulting advice (of all types contemplated by this Agreement) to others.
Nothing herein contained shall be construed to limit or restrict the Consultant
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