Exhibit 10.28
INVESTMENT BANKING FEE SATISFACTION
AGREEMENT
AGREEMENT dated as of April 4,
2003, between eTrials Worldwide, Inc., a Delaware corporation
(“ETRIALS”) formerly eTrials, Inc., and the
undersigned, Nazem Inc. (“FINANCIAL
CONSULTANT”).
WHEREAS, FINANCIAL CONSULTANT has
performed certain services for ETRIALS; and
WHEREAS, ETRIALS and FINANCIAL
CONSULTANT agree that ETRAILS will compensate FINANCIAL CONSULTANT
as provided on the signature page of this Agreement in full
satisfaction of all obligations of ETRAILS to FINANCIAL
CONSULTANT.
NOW, THEREFORE, it is hereby
agreed:
(1) ETRIALS shall compensate and
issue to FINANCIAL CONSULTANT the money and securities listed on
the signature page of this Agreement for all services and expenses
FINANCIAL CONSULTANT has provided to ETRIALS related to the Araccel
merger.
(2) The issuance of such
compensation and securities shall constitute satisfaction in full
for all services and expenses provided by FINANCIAL CONSULTANT to
ETRIALS and any and all obligations of ETRIALS to FINANCIAL
CONSULTANT related to the Araccel merger.
(3) Except for the compensation and
securities listed
