Extension and Amendment to Research Agreement among University of Waterloo, Dr. John E. Thompson, and Senesco, Inc.
The University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. have agreed to extend their existing Research Agreement for one year, from September 1, 2007 to August 31, 2008. The extension maintains the original terms and conditions, except for an updated budget for the new term. The revised annual budget outlines salaries, supplies, operating expenses, and overhead for the research activities during this period. This amendment ensures continued collaboration and funding for the specified research project.
Exhibit 10.42
August 1, 2007
Ms. Judy Brown, Contracts Manager
Office of Research
University of Waterloo
200 University Avenue West
Waterloo, Ontario, Canada N2L 3G1
Re: Extension and Amendment to Budget and Research Agreement between
Waterloo, Thompson, and Senesco for a One Year Period From
September 1, 2007 Through August 31, 2008
Dear Ms. Brown:
Pursuant to the Research Agreement effective September 1, 1998 (the “Agreement”), copy attached, between the University of Waterloo (“Waterloo”), Dr. John E. Thompson (“Thompson”), and Senesco, Inc. (“Senesco”), Waterloo, Thompson and Senesco hereby agree to extend the Agreement for an additional one year term, effective September 1, 2007 through August 31, 2008, under the same terms and conditions provided in the Agreement, except that the parties hereby amend the Budget set forth in the Revised Budget for Year 9, effective September 1, 2006 to the Revised Annual Budget for Year 10 , attached hereto, effective September 1, 2007 through August 31, 2008. The Revised Annual Budget for Year 10 supercedes and replaces the Revised Budget for Year 9 of the Agreement for all work commencing on or after September 1, 2007.
|
| Very truly yours, | ||
|
|
| ||
|
| /s/ Bruce C. Galton |
| |
|
| Bruce C. Galton | ||
|
| President | ||
|
| Senesco, Inc. | ||
| Agreed and Accepted: |
| ||
|
|
| ||
| /s/ University of Waterloo |
|
| |
| University of Waterloo |
| ||
|
|
| ||
|
|
| ||
| /s/ Dr. John Thompson, Ph.D. |
|
| |
| Dr. John Thompson, Ph.D. |
| ||
REVISED ANNUAL BUDGET
YEAR 10
PERIOD: September 1, 2007 – August 31, 2008
| Salaries |
| Cdn $/Month |
| Cdn $/12 Months |
| ||
| Senior Research Associate |
| $ | 7,666.67 |
| $ | 92,000.00 |
|
|
|
|
|
|
|
| ||
| Senior Research Associate |
| 6,833.33 |
| 82,000.00 |
| ||
|
|
|
|
|
|
| ||
| Research Associate |
| 3,833.33 |
| 46,000.00 |
| ||
|
|
|
|
|
|
| ||
| Research Associate |
| 3,833.33 |
| 46,000.00 |
| ||
|
|
|
|
|
|
| ||
| Research Associate |
| 3,833.34 |
| 46,000.00 |
| ||
|
|
|
|
|
|
| ||
| Research Associate |
| 2,500.00 |
| 30,000.00 |
| ||
|
|
|
|
|
|
| ||
| Supplies |
|
|
|
|
| ||
| Operating Expenses |
| 13,333.33 |
| 160,000.00 |
| ||
|
|
|
|
|
|
| ||
| Overhead |
|
|
|
|
| ||
| 30% on total direct costs |
| 12,550.00 |
| 150,600.00 |
| ||
|
|
|
|
|
|
| ||
| TOTAL ANNUAL BUDGET |
| $ | 54,383,33 |
| $ | 652,600.00 |
|
