Amendment No. 1 to Research Agreement between University of Southern California and Maret Corporation (01/16/2001)

Summary

This amendment updates the original research agreement between the University of Southern California and Maret Corporation. It increases the funding amount and extends the project period to March 31, 2001. The amendment also specifies the revised payment schedule and confirms that all other terms of the original agreement remain unchanged. Both parties have signed the amendment, making it effective as of January 17, 2001.

EX-10.3 5 dex103.txt AMDT. #1 TO RESEARCH AGREEMENT DATED 01/16/2001 Exhibit 10.3 CONFIDENTIAL TREATMENT AMENDMENT NO. 1 to the RESEARCH AGREEMENT dated July 13, 2000 between the UNIVERSITY OF SOUTHERN CALIFORNIA and MARET CORPORATION January 16, 2001 This amendment reflects an increase to the Research Agreement by $[ * ] from $[ * ] to $[ * ] and to extend the period of performance to March 31, 2001. The Research Agreement is revised as follows: ARTICLE 3 Period of Performance, to be revised as follows: The period of performance of this Agreement is 06/30/2000 through 03/31/2001. This Agreement shall become effective upon the date of last signature hereto and shall continue in effect for the full duration of the period of performance unless sooner terminated in accordance with the provisions of Article 14. ARTICLE 5 Costs, Billings and Other Support, to be revised as follows: 5.1 It is agreed and understood by the Parties hereto that, subject to Article 2, total costs to the SPONSOR hereunder shall not exceed the amount of $[ * ]. Additional payments shall be made by SPONSOR in advance according to the following schedule: [ * ] $[ * ] [ * ] $[ * ] All other terms and conditions remain unchanged. IN WITNESS WHEREOF, the parties hereto have executed this Amendment in duplicate by duly authorized persons. MARET CORPORATION UNIVERSITY OF SOUTHERN CALIFORNIA By: /s/ Catherine Oyler By: /s/ Lloyd Armstrong, Jr. ---------------------------- ---------------------------- Name: Catherine Oyler Name: Lloyd Armstrong, Jr. -------------------------- Title: Director, Finance Title: Provost and Senior Vice President, ------------------------- Academic Affairs Date: 1/17/2001 Date: 1/17/2001 -------------------------- -------------------------- *Confidential Treatment Requested. Omitted portions filed with the Commission.