Completion of Phase II Clause Samples

Completion of Phase II. It is agreed that milestone (i) has been achieved and that all future milestones will be deemed to have occurred upon completion of the relevant event, whether or not the activity is successful. Notwithstanding the above, it is expressly understood that all amounts payable above have been previously advanced by Astralis during 2001 and 2002 and it is agreed that Astralis will make no further payments to Contractor unless otherwise agreed upon in writing by the parties. Additionally it is agreed that all amounts advanced by Astralis during 2001 and 2002 are non-refundable. 4 In further recognition of this Amendment the parties agree that Investor Relations services under Section 8 of the Agreement have been completed and shall no longer be included within the service fees. 5 In further recognition of this Amendment, Clauses 4.1.1 to 4.1.12 of the Agreement are hereby replaced with: 4.1.1 General Strategic Support and Consulting: Responsible for general strategic support and consulting. Estimated time commitment is for 30 hours / week with trips and expenses that include one monthly trip to Astralis in New Jersey. Consulting will include technical, manufacturing, R&D and clinical support. 4.1.2 Clinical Management and Monitoring for Phase II Venezuelan Clinical Trials: Responsible for the management, and monitoring of the on-going AS 200 Phase II Venezuelan Clinical Trial. This includes providing that the trial is compliant.