Document:

<PAGE>

                                                                   Exhibit 10.36

      AMENDMENT, dated as of September 8, 2004 (this "Amendment"), to the Credit
Agreement dated as of November 17, 2003 (as amended, restated, modified or
otherwise supplemented, from time to time, the "Credit Agreement") by and among
SYMBOL TECHNOLOGIES, INC., a Delaware corporation (the "Company"), FLEET
NATIONAL BANK, a Bank of America Company, as Administrative Agent and a Lender,
BANK OF TOKYO-MITSUBISHI TRUST COMPANY, as Co-Documentation Agent and a Lender,
and JPMORGAN CHASE BANK, as Co-Documentation Agent and a Lender, and the other
lenders from time to time party thereto.

                                    RECITALS

      WHEREAS, the Company intends to enter into the Bridge Loan Facility (as
hereinafter defined), which financing provides for bridge loans of up to
$250,000,000 and the issuance by the Company of Senior Exchange Notes.

      WHEREAS, the Company has requested and the Administrative Agent and the
Required Lenders have agreed, subject to the terms and conditions of this
Amendment, to amend certain provisions of the Credit Agreement as set forth
herein;

      NOW, THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, the parties hereto agree as follows:

1.    APPROVAL AND AMENDMENTS. The Lenders hereby approve the terms of the
Bridge Loan Facility on substantially the terms set forth in the Bridge Loan
Agreement attached hereto as Exhibit A and the Exchange Note Indenture attached
hereto as Exhibit B, and any refinancing of such Indebtedness permitted in
accordance with Section 7.01(m) of the Credit Agreement. In connection with such
approval, and not in limitation thereof, the Credit Agreement is amended as
follows:

      (a)   Section 1.01 of the Credit Agreement is hereby amended to add the
following new definition in their appropriate alphabetical order:

            "Amendment" shall mean the Amendment, dated as of September 8, 2004,
            to this Agreement, by and among the Company, the Lenders and the
            Administrative Agent.

            "Bridge Loan Facility" shall mean (i) that certain bridge loan
            facility described in the Bridge Loan Agreement attached as Exhibit
            A to the Amendment and (ii) the issuance by the Company of up to
            $250,000,000 of Senior Exchange Notes pursuant to the Exchange Note
            Indenture attached as Exhibit B to the Amendment, as such Bridge
            Loan Facility may be refinanced in accordance with the terms and
            conditions set forth in Section 7.01(m) hereof.

            "Consolidated Funded Debt" shall mean, on the date of determination,
            the sum of all Indebtedness of the Company and its Subsidiaries,
            including, without limitation, the face amount of any outstanding
            Letters of Credit, on a consolidated basis, for borrowed money,
            including the current portion thereof and including obligations
<PAGE>
            with respect to Capital Leases, determined in accordance with
            Generally Accepted Accounting Principles applied on a consistent
            basis. For purposes of this definition, Indebtedness shall exclude
            the Indebtedness related to the SAILS described on Schedule 7.01 to
            the Credit Agreement."

            "Matrics Acquisition" shall mean the Company's acquisition of
            Matrics, Inc., pursuant to the terms of that certain Agreement and
            Plan of Merger among the Company, Marvin Acquisition Corp. and
            Matrics, Inc., dated July 26, 2004.

            "Testing Period" shall mean all times during which the Company shall
            have Indebtedness owing under the Bridge Loan Facility or
            Indebtedness incurred to refinance such Bridge Loan Facility.

      (b)   Section 7.01(e) of the Credit Agreement is hereby amended to add the
following language immediately preceding the semi-colon at the end thereof:

            "except that in the event the Company issues Subordinated
            Indebtedness in connection with the refinancing of the Bridge Loan
            Facility, the proceeds of such Subordinated Indebtedness may first
            be applied to satisfy any Indebtedness owing under the Bridge Loan
            Facility"

      (c)   Section 7.01 of the Credit Agreement is further amended to (i)
replace the period at the end of subsection "(l)" thereof with the word "and",
and (ii) to add a new subsection "(m)" immediately following subsection "(l)" as
follows:

            "(m) Indebtedness of the Company owing to JPMorgan Chase Bank and
            the other bridge loan lenders and noteholders pursuant to the Bridge
            Loan Facility (the "Original Indebtedness") and any refinancing of
            such Original Indebtedness whether through the incurrence of
            Indebtedness (the "Refinancing Indebtedness") or with the proceeds
            of an equity offering provided that (i) the aggregate principal
            amount of such Refinancing Indebtedness is not in excess of the
            Original Indebtedness refinanced thereby and (ii) the terms of such
            Refinancing Indebtedness are no less favorable, taken as a whole, to
            the Lenders or the Company as currently provided in the Bridge Loan
            Facility; provided further that such Refinancing Indebtedness shall
            not be on a senior secured position, without the prior written
            approval of the Lenders."

      (d)   Section 7.03 of the Credit Agreement is hereby amended to (i)
replace the period at the end of subsection "(d)" thereof with the word "and",
and (ii) to add a new subsection "(e)" immediately following subsection "(d)" as
follows:

            "(e) guaranties by any Subsidiary of the Company of any Indebtedness
            of the Company pursuant to the Bridge Loan Facility, including any
            refinancing of the Bridge Loan Facility as set forth in Section
            7.01(m) hereto."

      (e)   Subsection "(b)" of Section 7.06 of the Credit Agreement is hereby
amended and restated to provide as follows:

                                       2
<PAGE>
            "(b) Permitted Acquisitions and the Matrics Acquisition, provided
            that the Company has complied with its obligations under Section
            6.12, if applicable;"

      (f)   Section 7.12 of the Credit Agreement is hereby amended by deleting
the phrase "Except for Permitted Acquisitions" at the beginning thereof and
substituting in its place: "Except for Permitted Acquisitions and the Matrics
Acquisition."

      (g)   Section 7.13 of the Credit Agreement is hereby amended by inserting
a new paragraph (d) to the end of such section which provides as follows:

            "(d) Maximum Consolidated Funded Debt to Consolidated EBITDA. At all
            times during the Testing Period, permit its ratio of Consolidated
            Funded Debt to Consolidated EBITDA to be greater than 1.75:1.00."

      (h)   Section 7.17 of the Credit Agreement is hereby amended by inserting
the following provision immediately preceding the period at the end thereof:

            "except as provided in the Bridge Loan Facility, including any
            refinancing of the Bridge Loan Facility as set forth in Section
            7.01(m) hereto"

2.    CONFORMING AMENDMENTS. The Credit Agreement, the Loan Documents and all
agreements, instruments and documents executed and delivered in connection with
any of the foregoing, shall each be deemed to be amended and supplemented hereby
to the extent necessary, if any, to give effect to the provisions of this
Amendment, and each Lender is authorized to annex a copy of this Amendment to
its respective Revolving Credit Note, if any.

3.    REPRESENTATIONS AND WARRANTIES. The Company hereby represents and warrants
to the Lenders and the Administrative Agent as follows:

            (a)   After giving effect to this Amendment (i) each of the
representations and warranties set forth in Article IV of the Credit Agreement
is true and correct in all material respects on and as of the date hereof as if
made on and as of the date of this Amendment except to the extent such
representations or warranties relate to an earlier date in which case they shall
be true and correct in all material respects as of such earlier date, and (ii)
no Default or Event of Default has occurred and is continuing as of the date
hereof or shall result from after giving effect to this Amendment.

            (b)   The Company has the power to execute, deliver and perform this
Amendment and each of the other agreements, instruments and documents to be
executed by it in connection with this Amendment. No registration with or
consent or approval of, or other action by, any Governmental Authority is
required in connection with the execution, delivery and performance of this
Amendment and the other agreements, instruments and documents executed in
connection with this Amendment by the Company, other than registration, consents
and approvals received prior to the date hereof and disclosed to the Lenders and
which are in full force and effect.

            (c)   The execution, delivery and performance by the Company of this
Amendment and each of the other agreements, instruments, and documents to be
executed by it

                                       3
<PAGE>
in connection with this Amendment, and the execution and delivery by each of the
Guarantors of the Consent to this Amendment, (i) have been duly authorized by
all requisite corporate action, (ii) will not violate (A) any provision of law
applicable to the Company or any Guarantor, any rule or regulation of any
Governmental Authority applicable to the Company or any Guarantor or (B) the
certificate of incorporation, by-laws, or other organizational documents, as
applicable, of the Company or of any Guarantor or (C) any order of any court or
other Governmental Authority binding on the Company or any Guarantor or any
indenture, agreement or other instrument to which the Company or any Guarantor
is a party, or by which the Company or any Guarantor or any of their respective
properties are bound, and (iii) will not be in conflict with, result in a breach
of or constitute (with due notice and/or lapse of time) a default under, any
such indenture, agreement or other instrument, or result in the creation or
imposition of any Lien, of any nature whatsoever upon any of the property or
assets of the Company or any Guarantor other than as contemplated by the Credit
Agreement, except for any such violation, conflict, breach or default or Lien
provided in clauses (ii)(A), (ii)(B) or (ii)(C) which could not, individually,
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(d)   This Amendment and each of the other agreements, instruments and documents
executed in connection with this Amendment to which the Company or the
Guarantors are a party have been duly executed and delivered by the Company and
each Guarantor, as the case may be, and constitutes a legal, valid and binding
obligation of the Company and each Guarantor enforceable, as the case may be, in
accordance with its terms, except to the extent that enforcement may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium, or other
similar laws, now or hereafter in effect, relating to or affecting the
enforcement of creditors' rights generally and by equitable principles of
general application, regardless of whether considered in a proceeding in equity
or at law.

4.    CONDITIONS TO EFFECTIVENESS. This Amendment shall be subject to the
condition that, upon consummation of the Matrics Acquisition, the Company shall
comply with the requirements of Section 6.12 of the Credit Agreement

5.    MISCELLANEOUS.

      Capitalized terms used herein and not otherwise defined herein shall have
the same meanings as defined in the Credit Agreement.

      Except as expressly amended and waived hereby, the Credit Agreement shall
remain in full force and effect in accordance with the original terms thereof.

      The amendments herein contained are limited specifically to the matters
set forth above and do not constitute directly or by implication an amendment or
a waiver of any other provision of Credit Agreement or a waiver of any Default
or Event of Default which may occur or may have occurred under the Credit
Agreement.

      This Amendment may be executed in one or more counterparts, each of which
shall constitute an original, but all of which when taken together shall
constitute but one Amendment. This Amendment shall become effective when duly
executed counterparts hereof which, when taken together, bear the signatures of
each of the parties hereto shall have been delivered to the Administrative
Agent.

                                       4
<PAGE>
      THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES.

                      [THE NEXT PAGE IS THE SIGNATURE PAGE]

                                       5
<PAGE>
      IN WITNESS WHEREOF, the Company and the Administrative Agent, as
authorized on behalf of the Required Lenders, have signed and delivered this
Amendment as of the date first written above.

                                SYMBOL TECHNOLOGIES, INC.

                                By: S/ Cary G. Schmiedel
                                    -------------------------------
                                Name:  Cary G. Schmiedel
                                Title: Vice President and Treasurer

                                FLEET NATIONAL BANK, A BANK OF AMERICA COMPANY,
                                AS ADMINISTRATIVE AGENT

                                By: S/Debra E. DelVecchio
                                    ----------------------
                                Name:  Debra E. DelVecchio
                                Title: Managing Director

                                       6
<PAGE>
                                     CONSENT

      Each of the undersigned, not parties to the Credit Agreement but each a
Guarantor under a Guaranty dated as of November 17, 2003 hereby consents to and
acknowledges the terms of the Amendment to which this consent is attached and
confirms that its Guaranty is in full force and effect and reaffirms its
continuing liability under its Guaranty in respect of the Credit Agreement as
amended hereby and all the documents, instruments and agreements executed
pursuant thereto or in connection therewith, without offset, defense or
counterclaim (any such offset, defense or counterclaim as may exist being hereby
irrevocably waived by such guarantor).

                                TELXON CORPORATION

                                By: S/ Cary G. Schmiedel
                                    --------------------
                                Name:  Cary G. Schmiedel
                                Title: Vice President

                                @POS.COM, INC.

                                By: S/ Dean M. Zambelli
                                    -------------------
                                Name:  Dean M. Zambelli
                                Title: Vice President

                                       7<PAGE>
[LOGO]

J.P. TURNER & COMPANY, L.L.C.
INVESTMENT BANKING DIVISION

                                                              September 13, 2004
Steve Kriegsman
President and Chairman
CytRx Corporation
11726 San Vicente Blvd.
Los Angeles, CA 90049
Phone: (310) 826-5658

        RE:  INVESTMENT BANKING AGREEMENT WITH J. P. TURNER & COMPANY, LLC

Dear Mr. Kriegsman,

        This letter (the "AGREEMENT") shall confirm the engagement of J.P.
Turner & Company, LLC ("TURNER") by CytRx Corporation [NasdaqSC: CYTR] (the
"COMPANY") for purposes of providing, on a non-exclusive basis, investor
awareness and business advisory services as set forth below in consideration for
the compensation described hereinafter. The Agreement shall be effective as of
the date set forth above.

        The Company agrees to provide Turner such information, historical
financial data, projections, proformas, business plans, due diligence
documentation, and other information (collectively the "INFORMATION") in the
possession of the Company or its agents that Turner may reasonably request or
require to perform the Services (as hereinafter defined) set forth herein. The
Information provided by the Company to Turner shall be true, complete, accurate
and current in all respects and shall not set forth any untrue statements nor
omit any fact required or necessary to make the Information provided not
misleading. The Company acknowledges that Turner may rely on the accuracy and
completeness of all Information provided by the Company without independent
verification. The Company authorizes Turner to use such Information in
connection with its performance of the Services. Turner shall use its
commercially reasonable best efforts to preserve the confidentiality of
Information expressly designated as confidential by the Company.

        Turner will use its best efforts to furnish ongoing investor awareness
and business advisory services (the "SERVICES") as the Company may from time to
time reasonably request. The Services may include without limitation the
following: preparation and assistance with investor presentations; introduction
to capital conferences; the identification and evaluation of financing
transactions; and introductions to broker dealers, research analysts, and
investment companies that Turner believes to be in the best interest of the
Company.

    The term of this Agreement shall be 12 months from the execution date of
this Agreement (the "TERM"). In the event that the Company desires to terminate
this Agreement prior to the expiration date, it shall provide Turner with at
least thirty (30) days prior written notice of its intention to terminate this

<PAGE>
CytRx Corporation
Investment Banking Agreement
09/13/04
Page 2 of 6

Agreement and this Agreement shall so terminate following the expiration of this
thirty (30) day period (the "TERMINATION DATE"), without any further
responsibility for either party; provided, however, that Turner shall be
entitled to receive all vested Warrants (as set forth below), and un-reimbursed
expenses, if any, outstanding as of the Termination Date.

        In consideration for the services described herein, the Company shall
issue and deliver to Turner a non-refundable common stock purchase warrant (the
"INVESTMENT BANKING WARRANT") for the purchase of six hundred thousand (600,000)
shares of the Company's common stock. The Investment Banking Warrant shall have
an exercise price equal to the average closing price of the Company's common
stock for the twenty trading days up to and including September 9, 2004, and
upon issuance, shall be fully paid, non-assessable, and free of any restrictions
on transfer, but for those restrictions that are the result of state or federal
securities law. The Investment Banking Warrant shall immediately and completely
vest in favor of Turner, and shall become immediately exercisable, in the event
of the sale of the Company (or substantially all of the assets thereof) or the
acquisition (or merger) transaction of the Company by or into another entity.
The Warrant shall be issued to Turner in the form of a warrant agreement (the
"WARRANT AGREEMENT"), which shall be in form and content satisfactory to Turner
and its counsel.

    The Warrant Agreement shall provide for, among other provisions, the above
terms and the following:

        (i)     Turner may exercise the Warrant at any time after signing the
                Warrant Agreement. The Warrant shall expire three (3) years from
                the date that the Warrant Agreement is issued.

        (ii)    anti-dilution provisions for stock dividends and splits. Upon a
                merger or sale of substantially all of the Company's assets, the
                Warrant will dilute in direct proportion with majority
                shareholders.

        (iii)   in lieu of any cash payment required by Turner in connection
                with the exercise of the Warrant, the holder(s) of the Warrant
                shall have the right at any time and from time to time, to
                exercise the Warrant in full or in part by surrendering the
                Warrant Agreement as payment of the aggregated Strike Price
                ("Cashless Exercise").

        (iv)    the Company shall reserve, and at all times have available, a
                sufficient number of shares of its common stock to be issued
                upon the exercise of the Warrant. Furthermore, the Company shall
                accept, and shall so instruct its transfer agent to accept, an
                appropriate Rule 144 opinion letter from any qualified
                securities attorney (not just an opinion from the Company's
                counsel) representing Turner or any of its employees or agents
                that are holders of the Warrant.

        (v)     the Company shall grant unlimited "piggy back" registration
                rights, at the Company's expense, to include the shares of the
                Underlying Common Stock in any registration statement filed by
                the Company under the Securities Act of 1933 relating to an
                underwriting of the sale of shares of common stock or

<PAGE>
CytRx Corporation
Investment Banking Agreement
09/13/04
Page 3 of 6

                other security of the Company.

The Investment Banking Warrant shall be assigned to J.P. TURNER PARTNERS, LP and
forwarded to the following address:

                J.P. Turner Partners, LP
                Attention: Mr. Patrick J. Power
                3060 Peachtree Road, 11th Floor
                Atlanta, GA 30305
                Phone: 404-479-8300
                Fax: 888-704-7512

        The Company shall use its best efforts to supply to Turner, on a timely
basis, with logos, trademarks, slogans, and similar designs of itself and all
subsidiaries and hereby authorizes Turner in perpetuity, to use such logos, etc.
in "Tombstones" that reflect Turner's role in the transaction pursuant to this
Agreement. This provision shall survive the expiration or termination of this
Agreement.

        The Company represents and warrants that it has provided Turner access
to all Information available to the Company concerning its condition, financial
and otherwise, its management, its business, and its prospects (the "DISCLOSURE
DOCUMENTS"). The Company represents that it will continue to provide Turner with
any Information or documentation necessary to verify and update the accuracy of
the Information contained in the Disclosure Documents and will promptly notify
Turner in writing upon the filing of any registration statement or other
periodic reporting documents filed pursuant to the rules and regulations of the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as
amended.

       The Company recognizes that Turner now renders and may continue to render
financial consulting, management, investment banking and other services to other
companies that may or may not conduct business and activities similar to those
of the Company. Turner shall be free to render such advice and other services
and the Company hereby consents thereto. Turner shall not be required to devote
its full time and attention to the performance of its duties under this
Agreement, but shall devote only so much of its time and attention as it deems
reasonable or necessary to fulfill its obligation hereunder.

       During the Term of this Agreement the Company covenants, promises and
agrees that:

                (a)     Company shall immediately notify Turner if it is
                        contacted by NASDAQ for failing to maintain certain
                        listing requirements or any other reason.

                (b)     Company shall furnish Turner with copies of its annual,
                        quarterly and proxy filings with the SEC, within thirty
                        (30) days of the Company's filing thereof.

                (c)     Company shall furnish Turner all press releases and any
                        copies of any communication to the general public and
                        its shareholders.

<PAGE>
CytRx Corporation
Investment Banking Agreement
09/13/04
Page 4 of 6

                (d)     Company shall immediately notify Turner if it is the
                        subject of any investigation or material litigation.

                (e)     At least three (3) business days prior to the
                        dissemination of any public announcement regarding this
                        Agreement, including the fact of its existence, the
                        Company shall submit to Turner, for its review and
                        comment, the proposed public announcement. Turner shall
                        thereafter have three (3) business days within which to
                        submit its proposed amendments to the public
                        announcement for inclusion therein. The proposed
                        amendments shall be incorporated in the final version to
                        be disseminated by the Company, unless, in the
                        reasonable judgment of counsel to the Company, such
                        amendments should not be incorporated.

        This Agreement shall be governed by and construed under the laws of the
State of Georgia without regard to principals of conflicts of laws provisions.
In the event of any dispute between the Company and Turner arising under or
pursuant to the terms of this Agreement, or any matters arising under the terms
of this Agreement, the same shall be settled only by arbitration through NASD
Dispute Resolution in Fulton County, City of Atlanta, State of Georgia, in
accordance with the Code of Arbitration Procedure published by NASD Dispute
Resolution. The determination of the arbitrators shall be final and binding upon
the Company and Turner and may be enforced in any court of appropriate
jurisdiction. This Agreement shall be construed by and governed exclusively
under the laws of the State of Georgia, without regard to its conflicts of law
provisions. The venue shall be in Fulton County, GA.

        The Company shall reimburse Turner for all reasonable out of pocket
expenses including without limitation acceptable travel and lodging, printing,
legal, and mailing cost that Turner may incur in performance of the Services
under this Agreement. Turner shall submit expense statements to the Company from
time to time and the Company shall reimburse such expenses promptly thereafter.
The Company also agrees to prepay all roadshow expenses which may include, but
are not limited to; travel, lodging, catering, presentations, audio and video
equipment, dinners and/or lunches.

        The Company shall indemnify and hold harmless Turner and its directors,
officers, employees, agents, attorneys and assigns from and against any and all
losses, claims, costs, damages or liabilities (including the reasonable fees and
expenses of legal counsel) to which any of them may become subject in connection
with the investigation, defense or settlement of any actions or claims: (i)
caused by the Company's misstatement or alleged misstatement of a material fact
or omission or alleged omission of a material fact required to make any
statement not misleading; (ii) arising in any manner out of or in connection
with the rendering of Services by Turner hereunder; or (iii) otherwise in
connection with this Agreement.

        The Company acknowledges that Turner has made no guarantees that its
performance hereunder will achieve any particular result with respect to the
Company's business, stock price, trading volume, market capitalization or
otherwise.

        All notices hereunder shall be in writing and shall be validly given,
made or served if in writing and delivered in person or when received by
facsimile transmission, or five days after being sent first

<PAGE>
CytRx Corporation
Investment Banking Agreement
09/13/04
Page 5 of 6

class certified or registered mail, postage prepaid, or one day after being sent
by nationally recognized overnight carrier to the party for whom intended at the
address set forth after each parties signatures.

        If any clause or provision of this Agreement is illegal, invalid or
unenforceable under applicable present or future Laws effective during the Term,
the remainder of this Agreement shall not be affected. In lieu of each clause or
provision of this Agreement that is illegal, invalid or unenforceable, there
shall be added as a part of this Agreement a clause or provision as nearly
identical as may be possible and as may be legal, valid and enforceable. In the
event any clause or provision of this Agreement is illegal, invalid or
unenforceable as aforesaid and the effect of such illegality, invalidity or
unenforceability is that either party no longer has the substantial benefit of
its bargain under this Agreement and a clause or provision as nearly identical
as may be possible cannot be added, then, in such event, such party may in its
discretion cancel and terminate this entire Agreement provided such party
exercises such right within a reasonable time after such occurrence.

        The parties agree and acknowledge that they have jointly participated in
the negotiation and drafting of this Agreement and that this Agreement has been
fully reviewed and negotiated by the parties and their respective counsel. In
the event of an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties and no
presumptions or burdens of proof shall arise favoring any party by virtue of the
authorship of any of the provisions of this Agreement.

        This Agreement may not be modified, amended, supplemented, canceled or
discharged, except by written instrument executed by all parties. No failure to
exercise, and no delay in exercising, any right, power or privilege under this
Agreement shall operate as a waiver, nor shall any single or partial exercise of
any right, power or privilege hereunder preclude the exercise of any other
right, power or privilege. No waiver of any breach of any provision shall be
deemed to be a waiver of any preceding or succeeding breach of the same or any
other provision, nor shall any waiver be implied from any course of dealing
between the parties. To be effective, all waivers must be in writing, signed by
both parties. The rights and remedies of the parties under this Agreement are in
addition to all other rights and remedies, at law or equity, that they may have
against each other except as may be specifically limited herein.

        This Agreement contains the entire understanding of the parties in
respect of its subject matter and supersedes all prior agreements and
understandings (oral or written) between or among the parties with respect to
such subject matter. The parties agree that prior drafts of this Agreement shall
not be deemed to provide any evidence as to the meaning of any provision hereof
or the intent of the parties with respect thereto. Any amendment or modification
to the Agreement shall be by written instrument only and must be executed by a
representative, with complete authority, from the Company and Turner.

        This Agreement may be executed in any number of counterparts, each of
which shall be an original but all of which together shall constitute one and
the same instrument. A telecopy signature of any party shall be considered to
have the same binding legal effect as an original signature.

        In the event that any dispute among the parties to this Agreement should
result in litigation, the substantially prevailing party in such dispute shall
be entitled to recover from the losing party all fees, costs and expenses of
enforcing any right of such substantially prevailing party under or with respect
to this Agreement, including without limitation, such reasonable fees and
expenses of attorneys and

<PAGE>
CytRx Corporation
Investment Banking Agreement
09/13/04
Page 6 of 6

accountants, which shall include, without limitation, all fees, costs and
expenses of appeals and collection.

        If the foregoing is in accordance with your understanding, kindly
confirm your acceptance and agreement by signing and returning the enclosed
duplicate of this Agreement that will thereupon constitute an agreement between
us.

                                         Yours very truly,

                                         /s/ PATRICK J. POWER
                                         Patrick J. Power
                                         Managing Director, Investment Banking
                                         J. P. Turner  & Company, LLC

Accepted and approved this 13th day of September, 2004.

By:       /s/ STEVEN KRIEGSMAN
          --------------------

Name:     MR. STEVE KRIEGSMAN
Title:    PRESIDENT AND CHAIRMAN
Company:  CYTRX CORPORATION
Address:  11726 SAN VINCENTE BLVD.
          LOS ANGELES, CA 90049
Phone:    (310) 826-5658

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