Amendment to Research Agreement Among University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. (2010-2011)
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Summary
This amendment extends the existing research agreement between the University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. for an additional nine months, from December 1, 2010, to August 31, 2011. The extension maintains the original terms except for an updated budget, which specifies revised salary and operating expenses for the new period. The amended budget replaces the previous one for all work starting December 1, 2010. All parties have agreed to these changes in writing.
EX-10.1 2 v210553_ex10-1.htm
December 1, 2010
Ms. Judy Brown, Contracts Manager
Office of Research
University of Waterloo
200 University Avenue West
Waterloo, Ontario, Canada N2L 3G1
| | Re: | Amendment to Extension and Amendment to Budget and Research Agreement between Waterloo, Thompson, and Senesco for a Nine Month Period From December 1, 2010 Through August 31, 2011 |
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 nine month term, effective December 1, 2010 through August 31, 2011, 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 13, effective September 1, 2010, to the amended Revised Budget for Year 13 , attached hereto, effective December 1, 2010 through August 31, 2010. The Amended Revised Budget for Year 13 supercedes and replaces the Revised Budget for Year 13 of the Agreement for all work commencing on or after December 1, 2010.
| Very truly yours, |
| Leslie J. Browne |
| President |
| Senesco, Inc. |
| Agreed and Accepted: | |
| University of Waterloo | |
| Dr. John Thompson, Ph.D. |
REVISED BUDGET
YEAR 13
PERIOD: December 1, 2010 – February 28, 2011
| Salaries | Cdn $/Month | Cdn $/3 Months | ||||||
| Senior Research Associate | $ | 8,625.00 | $ | 25,875.00 | ||||
| ($90,000/year + 15% benefits) | ||||||||
| Senior Research Associate | 6,708.33 | 20,125.00 | ||||||
| ($70,000/year + 15% benefits) | ||||||||
| Research Associate | 4,791.67 | 14,375.00 | ||||||
| ($50,000/year + 15% benefits) | ||||||||
| Research Associate | 4,791.67 | 14,375.00 | ||||||
| ($50,000/year + 15% benefits) | ||||||||
| Research Associate | 3,833.33 | 11,500.00 | ||||||
| ($40,000/year + 15% benefits) | ||||||||
| Research Associate | 1,916.67 | 5,750.00 | ||||||
| ($20,000/year + 15% benefits) | ||||||||
| Research Associate | 1,916.67 | 5,750.00 | ||||||
| ($20,000/year + 15% benefits) | ||||||||
| Supplies | ||||||||
| Operating Expenses | 10,000.00 | 30,000.00 | ||||||
| Subtotal | 42,583.34 | 127,750.00 | ||||||
| Overhead | ||||||||
| 30% on total direct costs | 12,775.00 | 38,325.00 | ||||||
| TOTAL BUDGET | $ | 55,358.34 | $ | 166,075.00 | ||||
REVISED BUDGET
YEAR 13
PERIOD: March 1, 2011 – August 31, 2011
| Salaries | Cdn $/Month | Cdn $/6 Months | ||||||
| Senior Research Associate | $ | 8,625.00 | $ | 51,750.00 | ||||
| ($90,000/year + 15% benefits) | ||||||||
| Senior Research Associate | 2,395.83 | 14,375.00 | ||||||
| ($25,000/year + 15% benefits) | ||||||||
| Research Associate | 4,791.67 | 28,750.00 | ||||||
| ($50,000/year + 15% benefits) | ||||||||
| Research Associate | 4,791.67 | 28,750.00 | ||||||
| ($50,000/year + 15% benefits) | ||||||||
| Research Associate | 3,833.33 | 23,000.00 | ||||||
| ($40,000/year + 15% benefits) | ||||||||
| Supplies | ||||||||
| Operating Expenses | 10,000.00 | 60,000.00 | ||||||
| Subtotal | 34,437.50 | 206,625.00 | ||||||
| Overhead | ||||||||
| 30% on total direct costs | 10,331.25 | 61,987.50 | ||||||
| TOTAL BUDGET | $ | 44,768,75 | $ | 268,612.50 | ||||
