Extension and Amendment to Research Agreement among University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. (2006–2007)
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, 2006, to August 31, 2007. The extension maintains the original terms except for an updated budget, which replaces the previous budget for all work starting on or after September 1, 2006. The revised budget details salaries, supplies, and overhead costs for the new term. All parties have accepted the amendment and extension.
Exhibit 10.36
August 1, 2006
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, 2006 Through August 31, 2007
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, 2006 through August 31, 2007, 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 Years 7 and 8, effective September 1, 2004 to the Revised Annual Budget for Year 9 , attached hereto, effective September 1, 2006 through August 31, 2007. The Revised Annual Budget for Year 9 supercedes and replaces the Revised Budget for Years 7 and 8 of the Agreement for all work commencing on or after September 1, 2006.
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| Very truly yours, | ||
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| /s/ Bruce C. Galton |
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| Bruce C. Galton | ||
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| President | ||
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| Senesco, Inc. | ||
| Agreed and Accepted: |
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| University of Waterloo | |||
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| Dr. John Thompson, Ph.D. | |||
REVISED ANNUAL BUDGET
YEAR 9
PERIOD: September 1, 2006 – August 31, 2007
| Salaries |
| Cdn $/Month |
| Cdn $/12 Months |
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| Senior Research Associate |
| $ | 7,043.75 |
| $ | 84,525.00 |
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| Senior Research Associate |
| 6,540.63 |
| 78,487.50 |
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| Research Associate |
| 4,025.00 |
| 48,300.00 |
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| Research Associate |
| 4,025.00 |
| 48,300.00 |
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| Research Associate |
| 4,025.00 |
| 48,300.00 |
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| Research Associate |
| 3,521.87 |
| 42,262.50 |
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| Part-Time Research Associate |
| 2,100.00 |
| 25,200.00 |
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| Graduate Student |
| 875.00 |
| 10,500.00 |
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| Graduate Student |
| 875.00 |
| 10,500.00 |
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| Graduate Student |
| 875.00 |
| 10,500.00 |
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| Supplies |
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| Operating Expenses |
| 3,937.50 |
| 47,250.00 |
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| Overhead |
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| 40% on total direct costs |
| 14,087.50 |
| 169,050.00 |
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| 25% on graduate student |
| 656.25 |
| 7,875.00 |
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| TOTAL ANNUAL BUDGET |
| $ | 52,587.50 |
| $ | 631,050.00 |
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