Sample Business Contracts

Consulting Services Agreement - Delcath Systems Inc. and Euroland Marketing Solutions Ltd.

Sponsored Links

                          CONSULTING SERVICES AGREEMENT

This CONSULTING SERVICES AGREEMENT (the "Agreement") is made as of this 5th day
of January, 2001, between DELCATH SYSTEMS, INC., a Delaware corporation (the
"Company"), and EUROLAND MARKETING SOLUTIONS, LTD., a company organized under
the laws of British Virgin Islands with an address of 23 Rue Aldringen, L1118
Luxembourg (the "Consultant"). Consultant has been retained by Company to serve
as a consultant and advisor, on a non-exclusive basis for a period of 1 year, on
the following terms and conditions:


Consultant will provide the following services to Company:

a.     Financial consulting services and advice pertaining to the Company's
       business in Europe, as the Company may from time to time reasonably

b.     Consultant will assist the Company in identifying strategic opportunities
       in Europe.

c.     Consultant will use its best efforts, to arrange introductions and
       meetings between representatives of the Company and individuals and
       financial institutions in the investment community in Europe.


Company agrees to issue on January 5, 2001, and Consultant agrees to accept, a
Warrant to purchase up to One Hundred Fifty Thousand (150,000) Units of the
Delcath Systems, Inc., at an exercise price equal to $7.00 per Unit (the
"Warrant"). The Units underlying the Warrant are identical to the Units offered
by the Company in initial public offering on October 19, 2000 except that they
have not been registered under the Securities Act of 1933. The Warrant is fully
vested on grant and may be exercised at any time, in whole or in part, during
the three-year period commencing on the date of issuance. The Company grants to
Consultant a one-time demand registration right such that the Company agrees
that, upon the request of Consultant, it will, at it own expense (except for
underwriting fees, discounts and nonaccountable expense allowances and the fees
of counsel to the holders of the registrable securities), register the Units
underlying the Warrant or


the shares and warrants included in the Warrant in case they trade separately.
This demand registration right shall expire three years from the date of this


a.         This Agreement supersedes any and all agreements, either oral or
           written, between the parties hereto with respect to the provisions of
           Services by Consultant for Company and contains all the covenants and
           agreements between the parties with respect to the rendering of such
           services in any manner whatsoever.
b.         Any modifications of this Agreement will be effective only if in
           writing and signed by both parties.
c.         If any part of the Agreement is found to be illegal or invalid by a
           legal authority that shall not affect the remainder of the Agreement,
           which should remain in full force and effect.
d.         Consultant represents and warrants to the Company that this Agreement
           and the activities of Consultant contemplated by this Agreement are
           in compliance with all applicable securities laws of the United
           States and Luxembourg. Consultant will protect, defend and indemnify
           the Company from, and hold it harmless against, all liability,
           losses, damages, costs or expenses that the Company may at any time
           suffer, incur or be required to pay by reason of the violation of the
           securities laws of the United States, Luxembourg or any other
           country, or any political subdivision thereof, as a result of
           entering into this Agreement or the activities contemplated under it.
e.         This Agreement shall be governed by the laws of the State of
           Delaware, U.S.A. The parties for themselves, and their permitted
           successors and assigns, hereby irrevocably submit to the jurisdiction
           of the federal and state courts in the State of Delaware for the
           resolution of any disputes arising under this Agreement.



BY:  /s/ M.S. Koly                         BY: /s/ Y. Gorobets
     --------------------------------          ---------------------------------