March 8, 1999
Xxxxxx Xxxxxx, Director
Office of Grants and Contracts
North Shore-Long Island Jewish Health System
North Shore University Hospital
000 Xxxxxxxxx Xxxxx
Xxxxxxxxx, Xxx Xxxx 00000
Re: Research/Development of Colon Cancer Test Kit-Xx. Xxxxxxxxxx
Dear Xx. Xxxxxx,
Reference is made to that certain Sponsored Research Agreement into
which Lexon, Inc. funded $311,250 for additional research and development costs
to be incurred by Xx. Xxxxxx Xxxxxxxxxx in connection with a blood screening
test for the detection of colon, ovarian and testicular cancer.
Xx. Xxxxxxxxxx has expressed a desire to hire two additional persons to
devote their time, energy and efforts in expediting the continuing research
being conducted by Xx. Xxxxxxxxxx at an aggregate additional cost of $81,162, in
accordance with the Budget attached hereto.
1. Lexon requests that North Shore University-Long Island Jewish Health
System, North Shore University Hospital ("University") and the
University agrees to apply existing funds on hand and dedicated to this
Sponsored Research Agreement to pay $81,162 in order to expedite the
development of a prototype ELISA test kit in accordance with the
attached Budget.
2. Xxxxx agrees to pay the University into the Sponsored Research
Agreement Fund 6
installments of $13,527 each, payable on or before October 1, 1999,
December 1, 1999, February 1, 2000, April 1, 2000, June 1, 2000 and
August 1, 2000.
3. The University agrees to provide Xxxxx with a general accounting of the
funds deposited by Xxxxx with the University in accordance with this
Sponsored Research Agreement on a quarterly basis, beginning with the
quarter ended March 31, 1999, in order for Lexon to
know what expenses have been spent, what funds are committed but not
yet spent, and what funds remain on account for future expenditure with
respect to Xx. Xxxxxxxxxx with respect to this research.
We are delighted to be able to continue our relationship with the
University and with Xx. Xxxxxxxxxx in this very exciting research. We appreciate
your cooperation and your support of Xx. Xxxxxxxxxx. If you agree that this
letter sets forth our mutual understanding, please will sign this letter
evidencing the University's agreement. Thank you again for all your support.
Very truly yours,
Lexon, Inc.
By: /s/ XXXXXX XXXXXXXX, M.D.
Vice President
Agreed this 24th day of March, 1999
North Shore University Hospital
By: /s/ XXXXXX X. XXXXXX, MD
Title: Chair, Dept. of Research
