Xx. Xxxxxx Xxxxxxxxxx
Chief of Experimental Pathology and
Professor of Pathology
North Shore University Hospital
Long Island, New York
Dear Xx. Xxxxxxxxxx,
This letter confirms your agreement effective October 1, 1998 to provide
consulting services and technical assistance and advice to Lexon, Inc. in
connection with, and you will make yourself reasonably available at mutually
agreed times and places to promote the commercialization of your invention with
respect to the discovery and related test kit providing early detection of
ovarian, testicular and colon cancer through the presence of TGF-B4 (ebaf)
protein screening ("Invention"); provided that your assistance, availability and
advice does not interfere with your duties and responsibilities in teaching or
research at North Shore University Hospital or any other university, hospital or
research institution by which you are employed. Your advice and assistance are
an important element in the successful commercialization of your Invention. You
also agree to continue to use good faith and diligence to complete your research
on this Invention during the two year sponsored research program which will be
funded by Lexon.
For and in exchange for your assistance, advice, availability and
consulting services, Lexon, Inc. grants you options effective this October 1,
1998 to purchase 50,000 shares of common stock of Lexon at an exercise price of
$1.20 per share, the fair market value of such shares having the transfer
restrictions applicable thereto. The options expire September 30, 2008. We look
forward to a long and mutually beneficial personal and professional
relationship. If the letter sets forth our mutual understanding, please sign two
copies and return one to me in the enclosed self addressed envelope Thank you so
much.
Lexon, Inc.
By /s/ XXXXXXX XXXXX
Xxxxxxx Xxxxx, President
I accept your offer and I am delighted to assist you in any reasonable way
to make my Invention a commercial reality.
/s/ XX. XXXXXX XXXXXXXXXX
Xx. Xxxxxx Xxxxxxxxxx
