AMENDMENT NO. 1 TO RESEARCH
AGREEMENT
This Amendment No. 1 to Research Agreement ("Amendment") is made and entered
into as of November 15, 2002 by and between BioCell Innovations ("Sponsor") and
The University of Texas M.D. ▇▇▇▇▇▇▇▇ Cancer Center ("Institution"), a component
of the University of Texas System ("System").
RECITALS
A. Sponsor and Institution entered into a Sponsored Laboratory Research
Agreement dated May 15, 2002 (the "Agreement").
B. Sponsor and Institution wish to amend the terms of the Agreement as set
forth below.
NOW, THEREFORE, it is hereby agreed as follows:
1. Section 2 of the Agreement shall be revised to read in its entirety as
follows:
2. In consideration for performance of the Study by Institution, Sponsor
shall pay Institution Forty Six Thousand Eight Hundred and Seventy Five and
No/100 Dollars ($46,875.00) for Study expenses and other related costs. This
amount, shown by approximate category of expense in Exhibit B attached hereto,
is payable in installments as designated in each by Sponsor to Institution in
the payment schedule provided.
2. Section 3.1 of the Agreement shall be revised to read in its entirety as
follows:
3.1 This Agreement shall continue in force until the earlier of completion
of the Study as mutually agreed upon by the parties or six (6) months from the
date set forth above; provided, however, that either party may terminate the
Agreement by giving thirty (30) days advance notice to the other.
2. Except as expressly provided in this Amendment, all other terms,
conditions and provisions of the Agreement shall continue in full force and
effect as provided therein.
IN WITNESS WHEREOF, Sponsor and Institution have entered into this Amendment
effective as of the date first set forth above.
BIOCELL INNOVATIONS THE UNIVERSITY OF TEXAS
M.D. ▇▇▇▇▇▇▇▇ CANCER CENTER
By /s/ By /s/
▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, M.D., M.B.A.
President and CEO Vice President for Research Administration
Date: November 15, 2002 Date: November 15, 2002
I have read this Amendment and understand my obligations hereunder:
/s/
▇▇▇▇ ▇▇▇▇▇▇, MD
Principal Investigator
/s/
▇▇▇▇▇ ▇▇▇▇▇▇, MD
Chairman, Department of Bioimmunotherapy
/s/
▇▇▇▇ Ki Hong, MD
Head, Division of Cancer Medicine
EXHIBIT B
"EXPANSION AND DIFFERENTIATION OF BONE MARROW AND BLOOD STEM CELLS INTO
DIFFERENT LINEAGES USING TISSUE CULTURE TECHNIQUES"
Payment Schedule:
-----------------
Installment 1- $15,625.00 USD upon 30 days of execution of this Agreement
Installment 2- $15,625.00 USD upon 60 days of execution of this Agreement
Installment 3- $15,625.00 USD upon 90 days of execution of this Agreement
