RESEARCH AGREEMENT
between
ELAST TECHNOLOGIES CORPORATION (ELAST)
and
THE XXXXXXX XXXXX XXXXXX LABORATORY, INC. (XXXXXX)
dated 26 December 1996
This is Modification 02 to this Research Agreement. The Research Agreement is
modified as follows:
1. ELAST provides $2,769 in additional funds on a no-fee basis for
additional effort under tasks authorized by the basic Research
Agreement.
2. ELAST provides $8,562 ($7,935 cost and $627 fixed fee) for follow-on
technical effort as defined in Xxxxxx Technical Statement dated 17
October 1997.
3. The total contract period of performance is extended to 31 December
1997.
4. A summary of cost-plus-fixed-fee for this effort is:
Cost Fee Total
---- --- -----
Basic Agreement $ 33,103 $ 2,616 $ 35,719
Modification 02
(Basic Tasks Additional Effort) 2,769 0 2,769
Modification 02
(Follow-on Effort) 7,935 627 8,562
-------- ------- --------
Proposed CPFF Total $ 43,807 $ 3,243 $ 47,050
Agreed to by:
ELAST TECHNOLOGIES CORPORATION THE XXXXXXX XXXXX XXXXXX
LABORATORY, INC.
By: /s/ Xxxxxx Xxxxx, M.D. By: /s/ Xxxxx X. Xxxxxxx
----------------------------- -------------------------------
Name: Dr. Xxxxxx Xxxxx Name: Xxxxx X. Xxxxxxxx
--------------------------- -----------------------------
Title: President Title: Vice President & Treasurer
-------------------------- ----------------------------
Date: 1 November 1997 Date: Jan 13 1998
--------------------------- -----------------------------
E-7
