Bontan Corporation Inc. 47 Avenue Road, Suite 200 Toronto, Ontario, Canada M5R 2G3 T: 416-860-0211 F: 416-361-6228 W: www.bontancorporation.com
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Bontan
Corporation Inc.
00
Xxxxxx Xxxx, Xxxxx 000
Xxxxxxx,
Xxxxxxx, Xxxxxx X0X 0X0
T: 416-860-0211
F: 000-000-0000
W: xxx.xxxxxxxxxxxxxxxxx.xxx
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March 28,
2008 Exhibit
4 ( c) 0
Xxxx
Xxxxxxxx
00
XxXxxxxx Xxxxxx
Xxxxxxx,
Xxxxxxx
X0X
0X0
Dear Xx.
Xxxxxxxx:
We refer
to the consulting agreement dated April 1, 2003 that expired on June 30, 2004
and being extended on a year to year basis. The last extension is up to June 30,
2008.
We also
refer to our meeting this morning where you presented us with a proposal for
further services for another year at a cost of approx. $82,000 β same as last
year and agreed to accept 350,000 common shares of Bontan valued at
the market price of US$0.23 or CDN$0.23 β being the market price of the shares
on March 28, 2008.
As a
result of an assessment of our current requirements, it appears that we will
need to retain your services for another year. We therefore confirm
that your services contract is extended for another year to June 30, 2009 on the
same terms and conditions as outlined in the Agreement dated April 1, 2003,
except for the Work Fee (clause 3).
If you
accept the terms of our renewal, please sign the enclosed copy of this letter
and return it to our office.
Yours
truly,
BONTAN
CORPORATION INC.
Sd: Xxx
Xxxx
Xxx Xxxx,
CA CPA
Chief
Executive Officer
Chief
Financial Officer
AGREED
AND ACCEPTED
Sd: Xxxx
Xxxxxxxx
_____________________
Xxxx
Xxxxxxxx