August 1, 2006
Exhibit 10.36
August 1, 2006
Ms. Xxxx Xxxxx, Contracts Manager
Office of Research
University of Waterloo
000 Xxxxxxxxxx Xxxxxx Xxxx
Xxxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0
Re: Extension and Amendment to Budget and Research Agreement between Waterloo, Xxxxxxxx, and Senesco for a One Year Period From September 1, 2006 Through August 31, 2007
Dear Xx. Xxxxx:
Pursuant to the Research Agreement effective September 1, 1998 (the “Agreement”), copy attached, between the University of Waterloo (“Waterloo”), Xx. Xxxx X. Xxxxxxxx (“Xxxxxxxx”), and Senesco, Inc. (“Senesco”), Waterloo, Xxxxxxxx and Senesco hereby agree to extend the Agreement for an additional one year term, effective September 1, 2006 through August 31, 2007, 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 Years 7 and 8, effective September 1, 2004 to the Revised Annual Budget for Year 9 , attached hereto, effective September 1, 2006 through August 31, 2007. The Revised Annual Budget for Year 9 supercedes and replaces the Revised Budget for Years 7 and 8 of the Agreement for all work commencing on or after September 1, 2006.
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Very truly yours, |
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/s/ Xxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx |
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President |
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Senesco, Inc. |
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Agreed and Accepted: |
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University of Waterloo |
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Dr. Xxxx Xxxxxxxx, Ph.D. |
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REVISED ANNUAL BUDGET
YEAR 9
PERIOD: September 1, 2006 – August 31, 2007
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Salaries |
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Cdn $/Month |
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Cdn $/12 Months |
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Senior Research Associate |
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$ |
7,043.75 |
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$ |
84,525.00 |
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Senior Research Associate |
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6,540.63 |
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78,487.50 |
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Research Associate |
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4,025.00 |
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48,300.00 |
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Research Associate |
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4,025.00 |
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48,300.00 |
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Research Associate |
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4,025.00 |
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48,300.00 |
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Research Associate |
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3,521.87 |
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42,262.50 |
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Part-Time Research Associate |
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2,100.00 |
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25,200.00 |
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Graduate Student |
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875.00 |
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10,500.00 |
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Graduate Student |
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875.00 |
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10,500.00 |
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Graduate Student |
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875.00 |
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10,500.00 |
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Supplies |
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Operating Expenses |
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3,937.50 |
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47,250.00 |
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Overhead |
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40% on total direct costs |
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14,087.50 |
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169,050.00 |
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25% on graduate student |
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656.25 |
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7,875.00 |
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TOTAL ANNUAL BUDGET |
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$ |
52,587.50 |
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$ |
631,050.00 |
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