October 14, 2005 Ms. Barbara Pifel Weill Medical College of Cornell University Senior Director of Grants & Contracts
Exhibit
10.25
October
14, 2005
Xx.
Xxxxxxx Xxxxx
Xxxxx
Medical College of Cornell University
Senior
Director of Grants & Contracts
0000
Xxxx
Xxxxxx, Xxx 00
Xxx
Xxxx,
XX 00000
|
Re:
|
Sponsored
Research Agreement between Marc Pharmaceuticals, Inc. and Weill
Medical
College of Cornell University dated January 22, 2004 (the
“Agreement”)
|
Dear
Xxxxxxx:
Pursuant
to that certain letter dated August 1, 2005, Weill Medical College of Cornell
University (“Weill”) and Marc Pharmaceuticals, Inc. (“Marc”) agreed that the
second payment to be made under section 4.1 of the Sponsored Research Agreement,
which provided that $187,500 was to be paid by July 1, 2005, would be
restructured as follows:
|
August
16, 2005
|
$50,000
|
|
September
16, 2005
|
$68,750
|
|
October
16, 2005
|
$68,750
|
The
final
installment of $68,750, due on October 16, 2005, will be paid to Weill on
December 1, 2005.
If
the
foregoing is acceptable to you, please sign and return the enclosed copy
of this
letter.
Sincerely,
Marc
Pharmaceuticals, Inc.
By:
______________________
Name:
Xxxxxx X. Xxxxx
Title:
CEO & President
Weill
Medical College of Cornell University
By:
________________________
Name:______________________
Title:
_______________________
Principal
Investigator
______________________
Xx.
Xxxx
Xxxxxx
