Exhibit 10 . 4
THIS AGREEMENT (the “Agreement”) made and entered into this 14th day of August, 2002, by and between MADISON
& WALL WORLDWIDE, INC., located at 195 Wekiva Springs Road, Suite 200, Longwood, Florida 32779 (hereinafter referred
to as “M&W”) and CYTRX CORPORATION, located at 11726 San Vicente Blvd., Suite 650, Los Angeles 90049 (hereinafter
referred to as the “Company”).
In consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows:
195 Wekiva Springs Road, Suite 200, Longwood, Florida 32779 * 407-682-2001 * Fax-407-682-2544
Company hereby hires and employs M&W as an independent contractor; and M&W does hereby accept its position as an
independent contractor to the Company upon the terms and conditions hereinafter set forth.
The term of this Agreement shall be for six (6) months from the date first written above, except that the Company may
terminate this Agreement effective at the end of 90 days by giving M&W written notice of such termination on or before
November 15, 2002 (an “Early Termination”).
3. DUTIES AND OBLIGATIONS OF M&W
M&W shall have the following duties and obligations under this Agreement.
3.1 M&W will provide exposure to retail stockbrokers, market makers, institutions, fund managers, analysts, private
funding sources and other industry professionals by delivering approved information on the Company. M&W
will at its own expense contract with and compensate other investor relations firms as M&W deems necessary to
complete its obligations under this Agreement.
3.2 M&W will use its best efforts to motivate the individuals described in Section 3.1 above to take an active
participation with the Company by building retail positions in the Company’s common stock, initiating analyst
coverage, increasing institutional holdings, and introducing financi