Exhibit 10.3


 


KATALYST SECURITIES LLC


655 THIRD AVENUE, 18TH FLOOR


NEW YORK, NY 10017


TEL: 212-400-6993 FAX: 212-247-1059


Member: FINRA & SIPC


 


 

January 20, 2021


 


STRICTLY CONFIDENTIAL


 


Mr. Robert Weinstein


CFO


Synaptogenix, Inc.


1185 Avenue of the Americas


3rd Floor


New York, NY 10036


 


Dear Mr. Weinstein:


 


This letter (the “Agreement”)
constitutes our understanding with respect to the engagement of Katalyst Securities LLC (“Katalyst”), registered
broker dealer and member of the Financial Industry Regulatory Authority (“FINRA”) and SIPC, by Synaptogenix,
Inc., a publicly traded corporation duly organized under the laws of the State of Delaware (the “Company”),
to act as a non-exclusive placement agent (the “Placement Agent”) in connection with the private placement of
securities of the Company (the “Securities”) (the “Offering”). The Offering will raise
up to a total of $14,000,000 (the “Offering Amount”) from the sale of (i) an aggregate of 9,335,533 shares of
the Company’s common stock (the “Common Stock”), par value $0.0001 per share (each a “Share”),
(ii) Series E warrants to purchase up to an aggregate of 9,335,533 shares of Common Stock, with a term of one (1) year from the
effectiveness of the registration statement and an exercise price equal to $2.1275, and (iii) Series F warrants to purchase up
to an aggregate of 9,335,533 shares of Common Stock, with a term of five (5) years from the date of issuance and an exercise price
of $1.725. Each Share, Series E Warrant and Series F Warrant will be sold together for an aggregate purchase price of $1.50. Nothing
herein implies that the Placement Agent would have the power or authority to bind the Company or an obligation of the Company to
issue any Securities or proceed with any proposed transaction. The Offering will be made pursuant to the exemptions afforded by
Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder
and applicable state securities laws. The closing of the Offering Amount is anticipated on or about January 25, 2021, or at such
time and place as mutually agreed to by the Company and the Placement Agent at the Closing as defined below (the “Offering
Period”).


 


A.       Appointment
of Katalyst.


 


During the Term (as
defined below), the Company hereby engages the Placement Agent to serve as a non-exclusive placement agent in connection with the
Offering and the Placement Agent hereby accepts such engagement on a “reasonable best efforts” basis upon the terms
and conditions set forth herein. Katalyst may offer the Securities through other broker-dealers who are FINRA members (collectively,
the “Sub Agents”) and may reallow all or a portion of Katalyst’s Broker Fees (as defined in Section B(a)
and B(b) below) it receives to such other Sub Agents or pay a finders or consultant fee as allowed by applicable law.


 






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The Company acknowledges
and agrees that Katalyst’s engagement hereunder is not an agreement or commitment, express or implied, by Katalyst or any
of its affiliates to underwrite or purchase any securities or otherwise provide financing. The proposed private placement is to
be made directly by the Company to the investors pursuant to agreements entered between the investors and the Company. Purchases
of Securities may be made by the Placement Agent and their respective officers, directors, employees and affiliates and by the
officers, directors, employees and affiliates of the Company (collectively, the “Affiliates”) for the Offering
and such purchases will be made by the Affiliates based solely upon the same information that is provided to the investors in the
Offering.


 


B.       Fees
 & Expenses.


 


(a)       Cash
Portion. The Company hereby agrees to pay the Placement Agent (or the designees authorized by such Placement
Agent), as a condition to the Closing of the Offering, as compensation for their services hereunder, a cash fee equal to Ten Percent
(10%) of the gross proceeds from any sale of Securities in the Offering sold to Investors introduced by the Placement Agent participating
in the Closing (the “Placement Agent Cash Fee”). The Placement Agent Cash Fee will be paid by the Company in
the name provided to the Company by the Placement Agent at the time of the closing.


 


(b)       Warrant
Portion. At the final Closing of the Offering, the Company will issue to the Placement Agent (or the designees authorized
by such Placement Agent), as compensation for its services hereunder, warrants to purchase a number of shares of Common Stock equal
to Ten Percent (10%) of the number of shares of Common Stock sold to Investors introduced by the Placement Agent participating
in the Offering (the “Placement Agent Warrants”). The Placement Agent Warrants will have with a term of five
(5) years from the final Closing of the Offering, an exercise price equal to $1.725 per share, shall be immediately exercisable,
include cashless exercise provisions if there is no effective registration statement covering the Placement Agent Warrants and
piggyback registration rights, a net exercise provision (including contemporaneously with a future sale of the Company) and include
customary anti-dilution provisions covering stock splits, dividends, mergers and similar transactions. The Placement Agent Cash
Fee and the Placement Agent Warrants are sometimes referred to collectively as the “Placement Agent Fees”).
The Placement Agent Warrants may be issued directly to the Placement Agent’s employees and affiliates at the Placement Agent’s
written request and will be issued within the (10) calendar days from the final Close (as defined below).


 


(c)       Expenses.
In addition to the Broker Fee payable pursuant to Sections B(a) and (b), the Company hereby agrees to pay Katalyst’s legal
and compliance fees with the engagement hereunder in the amount of Ten Thousand Dollars ($10,000) (the “KLCF”)
paid directly by the Company at the time of the Closing from the gross proceeds. Regardless whether the Offering is consummated
and if there is no Closing, the KLCF will be due and payable within five (5) days of written request to the Company by wire transfer.
The KLCF is separate and apart from the Placement Agent Cash Fee and is in addition to the reimbursement of fees and expenses set
forth in Appendix I relating to indemnification and contribution. For avoidance of doubt, the KLCF Fee does not include (i) any
legal fees for counsels retained to file federal, state or regulatory filings as required to be filed by the Company, (ii) other
Placement Agent’s counsel fees, if any, (iii) Company’s counsel fees.


 






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C.       Term
and Termination of Engagement.


 


Except as set forth
below, the term of this Agreement begins on the date of this Agreement and shall end automatically upon the earlier to occur of
(i) after final Closing of the Offering or (ii) the date of termination of the Offering (the “Term”). Notwithstanding
the Term of this Agreement, this Agreement may be earlier terminated immediately by the Company or the Placement Agent in the event
of either the Company’s or the Placement Agent’s failure to perform any of its material obligations hereunder or fraud,
illegal or willful misconduct or gross negligence (the “Termination Date”). Notwithstanding any such expiration
or termination, the terms of this Agreement other than Paragraphs A, D, and E shall all remain in full force and effect and be
binding on the parties hereto, including the exculpation, indemnification and contribution obligations of the Company, the confidentiality
obligations, and the right of the Placement Agent to receive any earned but unpaid Placement Agent Fees hereunder and the right
of the Placement Agent to receive reimbursement for the Katalyst Legal Fee in accordance with paragraph B(c) above.


 


D.Subscription
and Closing Procedures. 


 


(a)       The
Company shall cause to be delivered to the Placement Agent copies of any offering documents (the “Offering Documents”)
related to the Offering and hereby consents to the use of such copies for the purposes permitted by the Act and applicable securities
laws and in accordance with the terms and conditions of this Agreement, and hereby authorizes the Placement Agent and its agents
and employees to use the Offering Documents in connection with the sale of the Securities until the earlier of (i) the Termination
Date or (ii) the Final Closing, and no person or entity is or will be authorized to give any information or make any representations
other than those contained in the Offering Documents or to use any offering materials other than the Offering Documents in connection
with the sale of the Securities, unless the Company first provides the Placement Agent with notification of such information, representations
or offering materials.


 


(b)       The
Company shall make available to the Placement Agent and its representatives such information, including, but not limited to, financial
information, and other information regarding the Company (the “Information”), as may be reasonably requested
in making a reasonable investigation of the Company and its affairs. The Company shall provide access to the officers, directors,
employees, independent accountants, legal counsel and other advisors and consultants of the Company as shall be reasonably requested
by the Placement Agent. The Company recognizes and agrees that the Placement Agent (i) will use and rely primarily on the Information
and generally available information from recognized public sources in performing the services contemplated by this Agreement without
independently verifying the Information or such other information, (ii) does not assume responsibility for the accuracy of the
Information or such other information, and (iii) will not make an appraisal of any assets or liabilities owned or controlled by
the Company or its market competitors.


 


(c)       Each
prospective investor will be required to complete and execute the Offering Documents, which may include, but not be limited to,
Securities or Stock Purchase Agreement, Registration Rights Agreement, Anti-Money Laundering Form, Accredited Investor Certification,
and other documents which will be forwarded or delivered to the address identified in the Offering Documents.


 


(d)       Simultaneously
with the delivery to the Placement Agent of the Offering Documents, the investor’s check or other good funds will be forwarded
directly by the investor to the Company. Subject to the receipt of subscriptions for the amount for Closing, the Company will either
accept or reject, for any or no reason, the Offering Documents in a timely fashion and at the Closing, if applicable. will countersign
the Offering Documents and provide duplicate copies of such documents to the Placement Agent. The Company will forward directly
to the investors the documents countersigned by the Company. The Company will give notice to the Placement Agent of its acceptance
of each subscription. The Company, or the Placement Agent on the Company’s behalf, will promptly return to investors incomplete,
improperly completed, improperly executed and rejected subscriptions and give written notice thereof to the Placement Agent upon
such return.


 






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(e)       If
subscriptions for the Offering Amount for the closing have been accepted prior to the Termination Date, the funds therefor have
been collected by the Company and all of the conditions set forth elsewhere in this Agreement are fulfilled, a closing shall be
held promptly with respect to the Securities sold (the “Closing”). Prior to the occurrence of a Closing, the
Company shall not be permitted to utilize any funds received by any investors. Delivery of payment for the accepted subscriptions
for the Securities will be made at the time of the Closing at the Placement Agent’s office against delivery of the Securities
by the Company at the address set forth in Section 12 hereof (or at such other place as may be mutually agreed upon between the
Company and the Placement Agent), net of amounts agreed upon by the parties herein, including, the Blue Sky counsel as of such
Closing. Executed certificates for the Securities will be in such authorized denominations and registered in such names as the
Placement Agent may request on or before the date of the Closing (“Closing Date”). The certificates will be
forwarded to the subscriber directly by the stock transfer agent within ten (10) business days following the Closing. At the Closing,
the Company will deliver irrevocable issuance instruction to its stock transfer agent for the issuance of certificates representing
the Securities being sold.


 


(f)       If
Offering Documents for the amount for the Offering Amount has not been received and accepted by the Company on or before the Termination
Date for any reason, the Offering will be terminated, no Securities will be sold, and the Company will, at the request of the Placement
Agent, cause all monies received from investors for the Securities to be promptly returned to such investors without interest,
penalty, expense or deduction.


 


E.       Representations,
Warranties and Covenants. The Company represents and warrants to, and agrees with, the Placement Agent that:


 


(a)       The
Company represents and warrants that it has all requisite power and authority to enter and carry out the terms and provisions of
this Agreement. The execution, delivery and performance of this Agreement and the Offering of Securities will not violate or conflict
with any provision of the charter or bylaws of the Company or, except as would not have a material adverse effect, any agreement
or other instrument to which the Company is a party or by which it or any of its properties is bound. Any necessary approvals,
governmental and private, will be obtained by the Company prior to the Closing, except as may be waived or obtained or filed following
the Closing and except where the failure to obtain any such approval would not have a material adverse effect.


 






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(b)       The
Securities will be offered and sold by the Company in compliance with the requirements for the exemption from registration pursuant
to Section 5 of the Securities Act of 1933, as amended (including any applicable exemption therefrom), and with all other securities
laws and regulations. The Company will file appropriate notices with the Securities and Exchange Commission and with other applicable
securities authorities.


 


(c)       The
information in any investor presentation materials, memorandum or other offering documents furnished to investors in the Offering
by the Company is true and correct in all material respects and does not contain any untrue statement of a material fact or omit
to state a material fact required to be stated or necessary to make the statements therein not misleading.


 


(d)       The
Company hereby permits the Placement Agent to rely on the representations and warranties made or given by the Company to any acquirer
of Securities in any agreement, certificate or otherwise in connection with the Offering.


 


F.       Indemnification
and Contribution. The Company agrees to indemnify Katalyst and its controlling persons, representatives and agents in
accordance with the indemnification provisions set forth in Appendix I. These provisions will apply regardless of whether
any Offering is consummated.


 


G.       Limitation
of Engagement to the Company. The Company acknowledges that Katalyst has been retained only by the Company, that Katalyst
is providing services hereunder as an independent contractor (and not in any fiduciary or agency capacity) and that the Company’s
engagement of Katalyst is not deemed to be on behalf of, and is not intended to confer rights upon, any shareholder, owner or partner
of the Company or any other person not a party hereto as against Katalyst or any of its respective affiliates, or any of their
respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), employees or agents. Unless otherwise expressly
agreed in writing by Katalyst, no one other than the Company is authorized to rely upon this Agreement or any other statements
or conduct of Katalyst, and no one other than the Company is intended to be a beneficiary of this Agreement. The Company acknowledges
that any recommendation or advice, written or oral, given by Katalyst to the Company in connection with Katalyst’s engagement
is intended solely for the benefit and use of the Company’s management and directors in considering a possible Offering,
and any such recommendation or advice is not on behalf of, and shall not confer any rights or remedies upon, any other person or
be used or relied upon for any other purpose. Katalyst shall not have the authority to make any commitment binding on the Company.
The Company, in its sole discretion, shall have the right to reject any investor introduced to it by Katalyst, or its respective
designees or affiliates.


 


H.       Limitation
of Placement Agent’s Liability to the Company. Katalyst shall not have any liability to the Company for any Losses
attributable to the gross negligence, intentional misrepresentation or willful misconduct of another Placement Agent.


 


I.       Governing
Law. This Agreement shall be deemed to have been made and delivered in New York City and shall be governed as to validity,
interpretation, construction, effect and in all other respects by the internal laws of the State of New York applicable to contracts
to be wholly performed in said state.


 


J.       Information;
Reliance. The Company shall furnish, or cause to be furnished, to the Placement Agent all information reasonably requested
by the Placement Agent for the purpose of rendering services hereunder and shall further make available to the Placement Agent
all such information to the same extent and on the same terms as such information is available to the Company and potential lenders
and investors (all such information being the “Information”). The Company shall notify the Placement Agent if
it becomes aware of any material adverse change, or development that may lead to a material adverse change, in the business, properties,
operations or financial condition or prospects of the Company or any other material Information to the extent needed to allow the
Company and the Placement agent to assess whether any disclosure to investors, a delay of the date of the Closing, or other any
other appropriate step is required. In addition, the Company agrees to make available to the Placement Agent upon request from
time to time the officers, directors, accountants, counsel and other advisors of the Company. The Company recognizes and confirms
that the Placement Agent (a) will use and rely on the Information and Offering Documents, including private placement memorandum,
and on information available from generally recognized public sources in performing the services contemplated by this Agreement
without having independently verified the same; (b) will not assume responsibility for the accuracy or completeness of the Offering
Documents or the Information and such other information, except for any written information furnished to the Company by the Placement
Agent specifically for inclusion in the Offering Documents; and (c) will not make an appraisal of any of the assets or liabilities
of the Company. Upon reasonable request, the Company will meet with the Placement Agent or its representatives to discuss all information
relevant for disclosure in the Offering Documents and will cooperate in any investigation undertaken by the Placement Agent thereof,
including any document included therein. At the Closing, at the request of the Placement Agent, the Company shall deliver copies
of such officer’s certificates, in form and substance reasonably satisfactory to the Placement Agent and its counsel as is
customary for such Offering.


 






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K.       Use
of Information. The Company authorizes the Placement Agent to transmit to the prospective investors of Securities the
Company’s power point presentation prepared by the Company and/or private placement memorandum (if any, and if prepared by
the Company) (the “Presentation Materials”). The Company represents and warrants that the Presentation Materials
(i) will be prepared by the management of the Company; and (ii) will not contain any untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Company
will advise the Placement Agent promptly if it becomes aware of the occurrence of any event or any other change known to the Company
which results in the Presentation Materials containing an untrue statement of a material fact or omitting to state a material fact
required to be stated therein or necessary to make the statements therein or previously made, in light of the circumstances under
which they were made, not misleading. Notwithstanding the foregoing, if any Placement Agent elects to not transmit Presentation
Materials to prospective investors, such Placement Agent shall direct qualified prospective investors to an electronic data room
in which the Company makes available the Presentation Materials for review by qualified prospective investors.


 


L.       Announcement
of Transaction. The Company and the Placement Agent acknowledge and agree that Katalyst may, subsequent to the Closing
of the Offering and to the extent Katalyst receives a Placement Agent Fee for Securities sold in the Offering, make public its
involvement with the Company provided that any such public announcement or other public disclosure (other than customary tombstone
presentations or other investment banking presentation materials containing only publicly available information) shall be approved
by the Company, which approval shall not be unreasonably withheld.


 


M.       Advice
to the Board. The Company acknowledges that any advice given by the Placement Agent to the Company is solely for the
benefit and use of the Company’s board of directors and officers, who will make all decisions regarding whether and how to
pursue any opportunity or transaction. The Company’s board of directors and senior management may consider the Placement
Agent’s advice but will base their decisions on the advice of legal, tax and other business advisors and other factors which
they consider appropriate. Accordingly, as an independent contractor, Katalyst will not assume the responsibilities of a fiduciary
to the Company or its stockholders in connection with the performance of its services. Any advice provided may not be used, reproduced,
disseminated, quoted or referred to without the Placement Agent’s prior written consent. Katalyst does not provide accounting,
tax, or legal advice. Katalyst is not responsible for the success of any Offering. The Company is a sophisticated business enterprise
that has retained the Placement Agent for the limited purposes set forth in this Agreement. The parties acknowledge and agree that
their respective rights and obligations are contractual in nature. Each party disclaims an intention to impose fiduciary obligations
on the other by virtue of the engagement contemplated by this Agreement.


 






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N.       Entire
Agreement. This Agreement was drafted by the Company and the Placement Agent’s respective counsels and constitutes
the entire Agreement between the parties and supersedes and cancels any and all prior or contemporaneous arrangements, understandings
and agreements, written or oral, between them relating to the subject matter hereof.


 


O.       Amendment.
This Agreement may not be modified except in writing signed by each of the parties hereto.


 


P.       No
Partnership. The Company is a sophisticated business enterprise that has retained the Placement Agent for the limited
purposes set forth in this Agreement. The parties acknowledge and agree that their respective rights and obligations are contractual
in nature. Each party disclaims an intention to impose fiduciary obligations on the other by virtue of the engagement contemplated
by this Agreement.


 


Q.       Notice.
All notices and other communications required hereunder shall be in writing and shall be deemed effectively given to a party by
(a) personal delivery; (b) upon deposit with the United States Post Office, by certified mail, return receipt requested, first-class
mail, postage prepaid; (c) delivered by hand or by messenger or overnight courier, addressee signature required, to the addresses
below or at such other address and/or to such other persons as shall have been furnished by the parties;


 


 


	If to the Company:	Synaptogenix, Inc.
	 	1185 Avenue of the Americas
	 	3rd Floor
	 	New York, NY 10036
	 	Attention:  Robert Weinstein, CFO
	 	Email: rweinstein@synaptogen.com
	 	 
	With a copy to:	Mintz, Levin, Cohn, Ferris Glovsky & Popeo, PC
	(which shall not	666 Third Avenue
	     constitute notice)	New York, NY 10017
	 	Attention: Daniel Bagliebter, Esq.
	 	Email: dabagliebeter@mintz.com


 






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	If to Katalyst Securities LLC.	Katalyst Securities, LLC
	 	655 Third Avenue, 18th Floor
	 	New York, NY 10017
	 	Attention: Michael Silverman
	 	Managing Director
	 	 
	With a copy to:	Barbara J. Glenns, Esq.
	(which shall not constitute notice)	Law Office of Barbara J. Glenns, Esq.
	 	30 Waterside Plaza, Suite 7
	 	New York, NY 10010


  


R.       Severability.
If any term, provision, covenant or restriction herein is held by a court of competent jurisdiction to be invalid, void or unenforceable
or against public policy, the remainder of the terms, provisions and restrictions contained herein will remain in full force and
effect and will in no way be affected, impaired or invalidated.


 


S.        Governing
Law and Jurisdiction. This Agreement shall be deemed to have been made and delivered in New York City and shall be governed
as to validity, interpretation, construction, effect and in all other respects by the internal laws of the State of New York without
regard to principles of conflicts of law thereof.


 


THE
PARTIES HERETO AGREE TO SUBMIT ALL CONTROVERSIES TO THE EXCLUSIVE JURISDICTION OF FINRA ARBITRATION IN ACCORDANCE WITH THE PROVISIONS
SET FORTH BELOW AND UNDERSTAND THAT (A) ARBITRATION IS FINAL AND BINDING ON THE PARTIES, (B) THE PARTIES ARE WAIVING THEIR RIGHTS
TO SEEK REMEDIES IN COURT, INCLUDING THE RIGHT TO A JURY TRIAL, (C) PRE-ARBITRATION DISCOVERY IS GENERALLY MORE LIMITED AND DIFFERENT
FROM COURT PROCEEDINGS, (D) THE ARBITRATOR’S AWARD IS NOT REQUIRED TO INCLUDE FACTUAL FINDINGS OR LEGAL REASONING AND ANY
PARTY’S RIGHT TO APPEAL OR TO SEEK MODIFICATION OF RULES BY ARBITRATORS IS STRICTLY LIMITED, (E) THE PANEL OF FINRA ARBITRATORS
WILL TYPICALLY INCLUDE A MINORITY OF ARBITRATORS WHO WERE OR ARE AFFILIATED WITH THE SECURITIES INDUSTRY, AND (F) ALL CONTROVERSIES
WHICH MAY ARISE BETWEEN THE PARTIES CONCERNING THIS AGREEMENT SHALL BE DETERMINED BY ARBITRATION PURSUANT TO THE RULES THEN PERTAINING
TO FINRA. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED
BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. JUDGMENT ON ANY AWARD OF ANY SUCH ARBITRATION
MAY BE ENTERED IN THE SUPREME COURT OF THE STATE OF NEW YORK OR IN ANY OTHER COURT HAVING JURISDICTION OVER THE PERSON OR PERSONS
AGAINST WHOM SUCH AWARD IS RENDERED. THE PARTIES AGREE THAT THE DETERMINATION OF THE ARBITRATORS SHALL BE BINDING AND CONCLUSIVE
UPON THEM. THE PREVAILING PARTY, AS DETERMINED BY SUCH ARBITRATORS, IN A LEGAL PROCEEDING SHALL BE ENTITLED TO COLLECT ANY COSTS,
DISBURSEMENTS AND REASONABLE ATTORNEY’S FEES FROM THE OTHER PARTY.  PRIOR TO FILING AN ARBITRATION, THE PARTIES
HEREBY AGREE THAT THEY WILL ATTEMPT TO RESOLVE THEIR DIFFERENCES FIRST BY SUBMITTING THE MATTER FOR RESOLUTION TO A MEDIATOR, ACCEPTABLE
TO ALL PARTIES, AND WHOSE EXPENSES WILL BE BORNE EQUALLY BY ALL PARTIES. THE MEDIATION WILL BE HELD IN THE COUNTY OF NEW YORK,
STATE OF NEW YORK, ON AN EXPEDITED BASIS. IF THE PARTIES CANNOT SUCCESSFULLY RESOLVE THEIR DIFFERENCES THROUGH MEDIATION, THE MATTER
WILL BE RESOLVED BY ARBITRATION. THE ARBITRATION SHALL TAKE PLACE IN THE COUNTY OF NEW YORK, THE STATE OF NEW YORK, ON AN EXPEDITED
BASIS. 


 






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T.       Other
Investment Banking Services. The Company acknowledges that Katalyst and its affiliates are securities firms engaged
in securities trading and brokerage activities and providing investment banking and financial advisory services. In the ordinary
course of business, the Placement Agent and its affiliates, registered representatives and employees may at any time hold long
or short positions, and may trade or otherwise effect transactions, for their own account or the accounts of customers, in the
Company’s debt or equity securities, the Company’s affiliates or other entities that may be involved in the transactions
contemplated by this Agreement. In addition, the Placement Agent and its affiliates may from time to time perform various investment
banking and financial advisory services for other clients and customers who may have conflicting interests with respect to the
Company or an Offering. The Company also acknowledges that the Placement Agent and its affiliates have no obligation to use in
connection with this engagement or to furnish to the Company, confidential information obtained from other companies. Furthermore,
the Company acknowledges the Placement Agent may have fiduciary or other relationships whereby the Placement Agent or its affiliates
may exercise voting power over securities of various persons, which securities may from time to time include securities of the
Company or others with interests in respect of any Offering. The Company acknowledges that the Placement Agent or such affiliates
may exercise such powers and otherwise perform their functions in connection with such fiduciary or other relationships without
regard to the defined relationship to the Company hereunder.


 


U.       Miscellaneous.


 


(a)              
This Agreement shall be binding upon and inure to the benefit of the Placement Agent and the Company and their respective assigns,
successors, and legal representatives.


  


(b)              
This Agreement may be executed in counterparts (including facsimile or in pdf format counterparts), each of which shall be deemed
an original but all of which together shall constitute one and the same instrument.


 


(c)              
Notwithstanding anything herein to the contrary, in the event that the Placement Agent determines that any of the terms provided
for hereunder shall not comply with a FINRA rule, including but not limited to FINRA Rule 5110, then the Company shall agree to
amend this Agreement in writing upon the request of the Placement Agent to comply with any such rules; provided that any such amendments
shall not provide for terms that are less favorable to the Company.


 






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V.       Confidentiality.



 


(a)        The
Placement Agent will maintain the confidentiality of the Information and, unless and until such Information shall have been made
publicly available by the Company or by others without breach of a confidentiality agreement, shall disclose the Information only
as provided for herein, authorized by the Company or as required by law or by request of a governmental authority, FINRA or court
of competent jurisdiction. In the event the Placement Agent is legally required to make disclosure of any of the Information,
the Placement Agent will give prompt notice to the Company prior to such disclosure, to the extent the Placement Agent can practically
do so. 


 


(b)       The
foregoing paragraph shall not apply to information that:


 


(i) at the
time of disclosure by the Company, is or thereafter becomes, generally available to the public or within the industries in which
the Company conducts business, other than as a result of a breach by the Placement Agent of its obligations under this Agreement;
or


 


(ii) prior
to or at the time of disclosure by the Company, was already in the possession of, the Placement Agent or any of its affiliates,
or could have been developed by them from information then lawfully in their possession, by the application of other information
or techniques in their possession, generally available to the public; at the time of disclosure by the Company thereafter, is obtained
by the Placement Agent or any of its affiliates from a third party who the Placement Agent reasonably believes to be in possession
of the information not in violation of any contractual, legal or fiduciary obligation to the Company with respect to that information;
or is independently developed by the Placement Agent or its affiliates.


 


The exclusions
set forth in sub-section (b) above shall not apply to pro forma financial information of the Company, which pro forma Information
shall in all events be subject to sub- section (a) above.


 


(c) Nothing in this
Agreement shall be construed to limit the ability of the Placement Agent or its affiliates to pursue, investigate, analyze, invest
in, or engage in investment banking, financial advisory or any other business relationship with entities other than the Company,
notwithstanding that such entities may be engaged in a business which is similar to or competitive with the business of the Company,
and notwithstanding that such entities may have actual or potential operations, products, services, plans, ideas, customers or
supplies similar or identical to the Company’s, or may have been identified by the Company as potential merger or acquisition
targets or potential candidates for some other business combination, cooperation or relationship. The Company expressly acknowledges
and agrees that it does not claim any proprietary interest in the identity of any other entity in its industry or otherwise, and
that the identity of any such entity is not confidential information.


 






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W.       No
Disqualification Events.


 


		(a)	The Company represents and warrants the following:



 


(i)
None of Company, any director, executive officer, other officer of the Company participating in the Offering, any beneficial owner
of 20% or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter
(as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale (each,
an “Issuer Covered Person” and, together, “Issuer Covered Persons”) is subject to any Disqualification
Event (as defined below), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) or has been involved in any matter
which would be a Disqualification Event except for the fact that it occurred before September 23, 2013. The Company has exercised
reasonable care to determine whether any Covered Person is subject to a Disqualification Event. The Company has complied, to the
extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Placement Agent a copy of any disclosures
provided thereunder. 


  


(ii) The Company will
promptly notify Katalyst in writing if the Company becomes aware of (A) any Disqualification Event relating to any Issuer Covered
Person and (B) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person.


 


(iii) The Company is
aware that other persons (other that any Issuer Covered Persons and the Placement Agent Covered Person (as defined below) will
be paid (directly or indirectly) remuneration for solicitation of investors in connection with the sale of any Securities.


 


(b) The Placement Agent
represents and warrants the following:


 


(i)
No Disqualification Events. Neither it, nor to its knowledge any of its directors, executive officers, general partners, managing
members or other officers participating in the Offering (each, a “Placement Agent Covered Person” and, together,
 “Placement Agent Covered Persons”), is subject to any of the “Bad Actor” disqualifications currently
described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”) or has been involved
in any matter which would be a Disqualification Event except for the fact that it occurred before September 23, 2013.


  


(ii) Other Covered
Persons. The Placement Agent is aware that other persons (other than any Issuer Covered Person or Placement Agent Covered Person)
will be paid (directly or indirectly) remuneration for solicitation of investors in connection with the sale of any Securities.


 


(iii) Notice of Disqualification
Events.  The Placement Agent will notify the Company promptly in writing upon the Placement Agent learning of (A) any Disqualification
Event relating to any Placement Agent Covered Person not previously disclosed to the Company in accordance with the provisions
of this Section and (B) any event that would, with the passage of time, become a Disqualification Event relating to any Placement
Agent Covered Person.


 


[Signature Page Follows]


 







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In acknowledgment that
the foregoing correctly sets forth the understanding reached by the Placement Agent and the Company, please sign in the space provided
below, whereupon this letter shall constitute a binding Agreement as of the date first indicated above.


 


 


This
Agreement contains a pre-dispute arbitration provision in Paragraph S.





 


	 	SYNAPTOGENIX, INC.
	 	 	 
	 	 	 
	 	By:	/s/ Robert Weinstein
	 	 	Robert Weinstein
	 	 	Chief Financial Officer

	 	 	 
	 	 	 
	 	KATALYST SECURITIES LLC
	 	 	 
	 	 	 
	 	By:	/s/ Michael A. Silverman
	 	 	Michael A. Silverman
	 	 	Managing Director


 


 







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AppendiX
I


 


INDEMNIFICATION AND CONTRIBUTION


 


The Company agrees
to indemnify and hold harmless the Placement Agent, its affiliates, officers, directors, employees, agents and controlling persons
(each an “Indemnified Person”) from and against any and all losses, claims, damages, liabilities and expenses,
to which any such Indemnified Person may become subject arising out of or in connection with the transactions contemplated in the
Agreement to which this Appendix I is attached (the “Agreement”), insofar as such loss, claim, damage,
liability or expense arises out of or is based upon any untrue statement of a material fact or omission to state a material fact
in Offering Documents required to be stated therein or necessary to make the statements therein not misleading in any litigation,
investigation or proceeding (collectively, the “Proceedings”), regardless of whether any of such Indemnified
Person is a party to the Agreement, and to reimburse such Indemnified Persons for any reasonable and documented legal or other
expenses as they are incurred in connection with investigating, responding to or defending against in any Proceeding, provided
that the foregoing indemnification will not, as to any Indemnified Person, apply to losses, claims, damages, liabilities or expenses
to the extent that they are finally judicially determined to have resulted primarily and directly from the fraud, gross negligence
or willful misconduct of an Indemnified Person; and provided, further, that the foregoing indemnification will not apply to any
loss, claim, damage, liability or expense arising out of or based upon any written information furnished to the Company by the
Placement Agent specifically for inclusion in the Offering Documents; provided further that the Company shall only have the obligation
to reimburse an Indemnified Person if such Indemnified Person provides to the Company a written undertaking of such Indemnified
Person to repay to the Company the amount so advanced to the extent that any such reimbursement is so held to have been improper
in a final judgment by a court of competent jurisdiction, and if the court of competent jurisdiction holds that such reimbursement
was improper, such Indemnified Person shall promptly return any amount advanced to it by the Company. The Company also agrees that
no Indemnified Person shall have any liability (whether direct or indirect, in contract, tort or otherwise) to the Company its
affiliates, officers, directors employees, agents, creditors or stockholders, directly or indirectly, for or in connection with
the Agreement, any transactions contemplated in the Agreement, or the Placement Agent’s role or services in connection with
the Agreement, except to the extent that any liability for losses, claims, demands, damages, liabilities or expenses incurred by
the Company are finally judicially determined to have resulted primarily from the fraud, gross negligence or willful misconduct
of such Indemnified Person or have resulted from any written information furnished to the Company by the Placements Agent specifically
for inclusion in the Offering Documents. The Company will be liable to pay the legal fees, expenses and costs incurred by Katalyst’s
legal team related to any lawsuit but will not be obligated to pay the legal fees of a sub dealer brought in by Katalyst if named
in the lawsuit, unless agree to by the Company. If the Company engages additional Placement Agents in addition to Katalyst, then
the Company will be liable for those Placement Agents’ legal fees, expenses and costs separate and apart to the legal fees,
expenses and costs incurred by and due Katalyst’s legal team.


 


If for any reason the
foregoing indemnification is unavailable to any Indemnified Person or insufficient to hold it harmless, then the Company and the
Placement Agent in accordance with the contributions provisions herein, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such loss, claim, damage, liability or expense in such proportion as is appropriate to reflect
not only the relative benefits received by the Company on the one hand and Katalyst on the other hand, but also the relative fault
of the Company and Katalyst, as well as any relevant equitable considerations; provided that, in no event, will the aggregate contribution
of Katalyst hereunder exceed the amount of fees actually received by Katalyst pursuant to this Agreement and in no event will the
aggregate contribution of the Company hereunder exceed the amount of proceeds received by the Company through the sale of Securities
in the Offering to investors first contacted by Katalyst. The indemnity, reimbursement and contribution obligations of the Company
under this Agreement will bind and inure to the benefit of any successors, assigns, heirs and personal representatives of the Company
and any Indemnified Person.


 






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Promptly after receipt
by an Indemnified Person of notice of the commencement of any Proceedings, that Indemnified Person will, if a claim is to be made
under this indemnity agreement against the Company in respect of the Proceedings, notify the Company in writing of the commencement
of the Proceedings; provided that (i) the omission so to notify the Company will not relieve the Company from any liability that
the Company may have under this indemnity agreement except to the extent the Company has been materially prejudiced by such omission,
and (ii) the omission to so notify the Company will not relieve the Company from any liability that the Company may have to an
Indemnified Person otherwise than on account of this indemnity agreement. In case any Proceedings are brought against any Indemnified
Person and it notifies the Company of the commencement of the Proceedings, the Company will be entitled to participate in the Proceedings
and, to the extent that it may elect by written notice delivered to the Indemnified Person, to assume the defense of the Proceedings
with counsel reasonably satisfactory to the Indemnified Person; provided that, if the defendants in any Proceedings include both
the Indemnified Person and the Company and the Indemnified Person concludes that there may be legal defenses available to the Indemnified
Person that are different from or in addition to those available to the Company, the Indemnified Person has the right to select
separate counsel to assert those legal defenses and to otherwise participate in the defense of the Proceedings on its behalf at
its sole expense. Upon receipt of notice from the Company to the Indemnified Person of its election to assume the defense of the
Proceedings, the Company will not be liable to the Indemnified Person for expenses incurred by the Indemnified Person in connection
with the defense of the Proceedings (other than reasonable costs of investigation) unless the Company authorizes, in writing, the
employment of counsel for the Indemnified Person and expressly agrees in writing to be liable for the reasonable expenses of such
legal counsel.


 


The Company will not
be liable for any settlement of any Proceedings effected without its written consent (which consent must not be unreasonably withheld),
but if settled with the Company’s written consent or if a final judgment for the plaintiff in any such Proceedings is delivered,
the Company agrees to indemnify and hold harmless each Indemnified Person from and against any and all losses, claims, damages,
liabilities and expenses by reason of such settlement or judgment. The Company may not, without the prior written consent of an
Indemnified Person (which consent shall not be unreasonably withheld), effect any settlement of any pending or threatened Proceedings
in respect of which indemnity could have been sought under this indemnity agreement by such Indemnified Person unless the settlement
includes an unconditional release of the Indemnified Person, in form and substance reasonably satisfactory to the Indemnified Person,
from all liability on claims that are the subject matter of such Proceedings.


 


The Company’s
reimbursement, indemnity and contribution obligations hereunder will be in addition to any liability that it may otherwise have.


 


Capitalized terms used
but not defined in this Appendix I have the meanings assigned to such terms in the Agreement.


 






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