SEC Contract Filing

Filing Date: 2021-03-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ex10x2.htm
<DESCRIPTION>LETTER AGREEMENT, DATED AS OF MARCH 9, 2021, BY AND BETWEEN A.G.P./ALLIANCE GLOBAL PARTNERS AND OPGEN, INC.
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<P STYLE="text-align: right; margin: 0">Exhibit 10.2</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: right; text-indent: 0.5in">March 9, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>PERSONAL AND CONFIDENTIAL</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A.G.P./Alliance Global Partners</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">590 Madison Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, New York 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attention: David Bocchi</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear David:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">1.&nbsp;OpGen, Inc. (the
&ldquo;Company&rdquo;) hereby retains A.G.P./Alliance Global Partners (&ldquo;AGP&rdquo;) to serve as financial advisor to the
Company in connection with the investment banking and financial advisory services described below for a period ending on March
15, 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">2.&nbsp;In such capacity,
AGP has provided advice with respect to such financial matters as the Company has requested, including without limitation matters
relating to capital raising, whether from institutional, retail or other investors or lenders or from the private placement or
exchange of debt instruments, equity securities or equity-linked securities. Each of AGP and the Company agree that AGP&rsquo;s
services have been fully performed as of the date hereof. Capitalized terms used herein but not defined herein shall have the meanings
ascribed to such terms in that certain Warrant Exercise Agreement, dated as of March 9, 2021, by and between the Company and the
Holder named on the signature page thereto.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.&nbsp;AGP has been retained
to serve as financial advisor solely to the Company, and it is agreed that the engagement of AGP has not, and shall not be deemed
to be, on behalf of, and is not intended to confer rights or benefits upon any shareholder or creditor of the Company or upon any
other person or entity. No one other than the Company is authorized to rely upon this engagement of AGP or any statements, conduct
or advice of AGP, and no one other than the Company is intended to be a beneficiary of this engagement. All opinions, advice or
other assistance (whether written or oral) given by AGP in connection with this engagement were intended solely for the benefit
and use of the Company and will be treated by the Company as confidential, and no opinion, advice or other assistance of AGP shall
be used for any other purpose or reproduced, disseminated, quoted or referred to at any time, in any manner or for any purpose,
nor shall any public or other references to AGP (or to such opinions, advice or other assistance) be made without the express prior
written consent of AGP. The Company hereby acknowledges that AGP is not a fiduciary of the Company. All final decisions with respect
to acts of the Company or its affiliates, whether or not made pursuant to or in reliance upon information or advice furnished by
AGP hereunder, shall be those of the Company or such affiliates, and AGP shall under no circumstances be liable for any expense
incurred or loss suffered by the Company as a consequence of such decisions The Company understands that in rendering services
hereunder AGP has not provided accounting, legal or tax advice and has relied upon the advice of counsel to the Company and other
advisors to the Company as to accounting, legal, tax and other matters relating to any transaction contemplated by this letter
agreement (the &ldquo;Agreement&rdquo;).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">4.&nbsp;For the services
described above, the Company shall pay AGP a cash financial advisory fee of: (i) $300,000 when all of the Existing Warrants are
exercised in full and (ii) $[200,000] when all of the New Warrants are exercised in full. The financial advisory fee shall be deemed
earned when paid and shall be non-refundable. The financial advisory fee is not negotiable and is not subject to any reduction,
set-off, counterclaim or refund for any reason or matter whatsoever. In addition, the Company shall reimburse AGP for its reasonable
actual out of pocket expenses, including reasonable legal fees and disbursements up to a maximum aggregate amount of $15,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">5.&nbsp;The Company agrees
that neither AGP, n