XXXXXX, XXXXXX & XXXXXXXXX CAPITAL CORP.
0 Xxxxxxx Xxxxxx
Xxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
June 26, 2002
Xxxxx Xxxxxx
President & CEO
Senesco Technologies, Inc.
000 Xxxxxx Xxxxxx
Xxxxx 000
Xxx Xxxxxxxxx. NJ 08901
Re: Financial Representation Agreement
Dear Xxxxx:
Under the terms and conditions of this agreement, Senesco Technologies, Inc.
(the "Company") agrees to engage Xxxxxx, Xxxxxx & Xxxxxxxxx Capital
(specifically, Xxxxxx XxXxxxxx & Xxxx Xxxxx) to perform various investment
representation services for the Company during a ninety-day period commencing on
July 1, 2002. These services shall primarily include: a research report on the
Company, to represent the Company to institutional investment funds and as well
as, to advise the Company on various strategic media options.
Our all-inclusive services shall include:
o PHDC Investment Brief
o PHDC Research Report (due between 7/15 & 7/31)
o Organize institutional investor meetings
o Arrange conference calls with institutional investors
o Provide follow-on research notes to the investment community
o Coordinate investor events with management
o Advise management on strategic media options
Accordingly, Senesco Technologies, Inc. agrees to pay Xxxxxx, Xxxxxx & Xxxxxxxxx
Capital the sum of $35,000 for the services to be provided under the three-month
representation agreement. In addition, travel costs to visit Xxxx Xxxxxxxx and
related printing charges shall be reimbursed by the Company.
XXXXXX, XXXXXX & XXXXXXXXX CAPITAL CORP.
0 Xxxxxxx Xxxxxx
Xxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
The applicable payment schedule is as follows:
Due Dates: Amount
---------- -------
7/15/02 $ 20,000
8/1/02 5,000
9/1/02 5,000
10/1/02 5,000
We can discuss an extension to our representation agreement as we approach the
conclusion of the initial three-month phase, scheduled to conclude on October 1,
2002.
SincereIy, Agreed and Accepted by
Senesco Technologies, Inc.
/s/ Xxxxxx XxXxxxxx /s/ Xxxxx Xxxxxx
------------------- ----------------
Xxxxxx XxXxxxxx Xxxxx Xxxxxx
Senior Investment Banking Specialist President & CEO
