Amendment to Research Agreement Among University of Waterloo, Dr. John E. Thompson, and Senesco, Inc. (2009–2010)
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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 one year, from September 1, 2009, to August 31, 2010. The extension maintains the original terms, except for an updated budget for the new period, which replaces the previous year's budget. The revised budget outlines salaries, operating expenses, and overhead for the research activities during the extension period.
EX-10.33 10 v161087_ex10-33.htm
August 27, 2009
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 One Year Period From September 1, 2009 Through August 31, 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 one year term, effective September 1, 2009 through August 31, 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 11, effective September 1, 2008 to the amended Revised Annual Budget for Year 12 , attached hereto, effective September 1, 2009 through August 31, 2010. The Amended Revised Annual Budget for Year 12 supercedes and replaces the Revised Budget for Year 11 of the Agreement for all work commencing on or after September 1, 2009.
| Very truly yours, |
| /s/ Bruce C. Galton |
| Bruce C. Galton |
| President |
| Senesco, Inc. |
| Agreed and Accepted: |
| /s/ John Thompson, Ph.D. |
| University of Waterloo |
| /s/ John Thompson, Ph.D. |
| Dr. John Thompson, Ph.D. |
REVISED ANNUAL BUDGET
YEAR 11
PERIOD: September 1, 2009 – August 31, 2010
| Salaries | Cdn $/Month | Cdn $/12 Months | ||||||
| Senior Research Associate | $ | 8,145.83 | $ | 97,750.00 | ||||
| ($85,000/year + 15% benefits) | ||||||||
| Senior Research Associate | 7,666.67 | 92,000.00 | ||||||
| ($80,000/year + 15% benefits) | ||||||||
| Research Associate | 4,312.50 | 51,750.00 | ||||||
| ($45,000/year + 15% benefits) | ||||||||
| Research Associate | 4,312.50 | 51,750.00 | ||||||
| ($45,000/year + 15% benefits) | ||||||||
| Research Associate | 3,833,33 | 46,000.00 | ||||||
| ($40,000/year + 15% benefits) | ||||||||
| Research Associate | 1,916,67 | 23,000.00 | ||||||
| ($20,000/year + 15% benefits) | ||||||||
| Research Associate | 1,916,67 | 23,000.00 | ||||||
| ($20,000/year + 15% benefits) | ||||||||
| Supplies | ||||||||
| Operating Expenses | 10,000.00 | 120,000.00 | ||||||
| Subtotal | 42,104.17 | 505,250.00 | ||||||
| Overhead | ||||||||
| 30% on total direct costs | 12,631,25 | 151,575.00 | ||||||
| TOTAL ANNUAL BUDGET | $ | 54,735,42 | $ | 656,825.00 | ||||
