THIRD AMENDMENT TO
CORPORATE RESEARCH AGREEMENT
This third Amendment to Corporate Research Agreement is entered into as
of this 2nd day of April, 1998 by and between SUNPHARM CORPORATION, a
corporation duly organized under the laws of Delaware and currently having its
principal office at 0000 Xxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxxxx, Xxxxxxx 00000
(hereinafter referred to as "Sponsor") and the UNIVERSITY OF FLORIDA RESEARCH
FOUNDATION, INC., a not-for-profit corporation duly organized and existing under
the laws of Florida and having its principal office at 223 Xxxxxxx Xxxx,
University of Florida, Xxxxxxxxxxx, Xxxxxxx 00000-0000, U.S.A (hereinafter
referred to as "UFRFI").
WITNESSETH:
WHEREAS, Sponsor and UFRFI have entered into a Corporate Research
Agreement dated April 30, 1993 to be effective March 26, 1993, (the "Research
Agreement"), which Research Agreement superseded in its entirety an earlier
Corporate Research Agreement between the parties dated December 9, 1991;
WHEREAS, Sponsor and UFRFI entered into a First Amendment to the
Research Agreement as of May 16, 1994 and a Second Amendment to the Research
Agreement on September 9, 1996 in order to extend the term of the period covered
by such Research Agreement;
WHEREAS, the parties desire to enter into this Third Amendment to the
Research Agreement in order to extend the term thereof,
NOW THEREFORE, in consideration of the premises and mutual covenants
herein contained, the parties hereto agree as follows:
1. The definition of "Contract Period" contained in Section 2 of the
Second Amendment to the Research Agreement is hereby deleted in its entirety and
the following is inserted in place thereof:
"1.3 "Contract Period" will be December 9, 1991 through
December31, 1998, during which time the UFRFI shall perform the Project
Work; which period shall be extended on December 31 of each year on a
thirty-six month basis without further action of the parties unless
either party notified the other of its desire to terminate this
Agreement on written notice to the other given at least twelve months
in advance of the then-current period."
2. Except as amended hereby, the Research Agreement shall be and remain
in full force and effect.
3. This Third Amendment to Corporate Research Agreement may be executed
in one or more counterparts, each of which shall be deemed an original and all
of which shall be taken together as one instrument.
IN WITNESS WHEREOF, the parties have caused this Third Amendment to
Corporate Research Agreement to be executed as of the date and year first above
written.
SPONSOR:
SunPharm Corporation
By:/s/ XXXXXX XXXX
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Xxxxxx Xxxx,Preside
UFRFI:
University of Florida
Research Foundation, Inc.
By: /s/ X. XXXXX
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Name: Xxxxxx X. Xxxxx
Title: Secretary
READ AND ACKNOWLEDGED
/s/ XXXXXXX X. XXXXXXXX
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Xxxxxxx X. Xxxxxxxx