Amendment to Research Agreement Among University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. (September–November 2010)
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Summary
The University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. have agreed to extend their existing research agreement for an additional three months, from September 1, 2010, to November 30, 2010. The extension maintains the original terms except for an updated budget, which replaces the previous year's budget for this period. The revised budget details salaries, operating expenses, and overhead for the three-month term. All parties have signed to confirm their acceptance of these changes.
EX-10.32 3 v197462_ex10-32.htm
August 20, 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 Three Month Period From September 1, 2010 Through November 30, 2010 |
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 three month term, effective September 1, 2010 through November 30, 2010, 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 12, effective September 1, 2009, to the amended Revised Budget for Year 13 , attached hereto, effective September 1, 2010 through November 30, 2010. The Amended Revised Budget for Year 13 supercedes and replaces the Revised Budget for Year 12 of the Agreement for all work commencing on or after September 1, 2010.
| Very truly yours, | |
| /s/ Leslie J. Browne | |
| Leslie J. Browne | |
| 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 BUDGET
YEAR 13
PERIOD: September 1, 2010 – November 30, 2010
| Salaries | Cdn $/Month | Cdn $/3 Months | ||||||
| Senior Research Associate | $ | 8,145.83 | $ | 24,437.00 | ||||
| ($85,000/year + 15% benefits) | ||||||||
| Senior Research Associate | 7,666.67 | 23,000.00 | ||||||
| ($80,000/year + 15% benefits) | ||||||||
| Research Associate | 4,312.50 | 12,938.00 | ||||||
| ($45,000/year + 15% benefits) | ||||||||
| Research Associate | 4,312.50 | 12,938.00 | ||||||
| ($45,000/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 | 42,104.17 | 126,313.00 | ||||||
| Overhead | ||||||||
| 30% on total direct costs | 12,631,25 | 37,894.00 | ||||||
| TOTAL BUDGET | $ | 54,735,42 | $ | 164,207.00 | ||||
