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CONTRACT CFO & ACCOUNTING,
INC.
c/o 9974 Huntington Park
Drive
Strongsville, OH 44136-2516
440-759-7470
440-238-8346 fax
David F.
Hostelley, Ph D, CPA
Director of Public Entities Services
dave@hostelley.com
Mr. John
A. Paganelli, Chairman
eXegenics, Inc.
1250 Pittsford-Victor Road
Building 200, Suite 280
Pittsford, NY 14534
This letter
expresses our understanding of the services we will render and the
fees for such services. We will provide CFO type services as it
relates to eXegenics, Inc. (the “Company”) In this
regard, we will work with the outsourced accounting staff in the
preparation and review of the Company’s annual and quarterly
reports (Form 10-K’s and 10-Q’s) along with other
standard public company reporting documentation. We will work with
legal counsel to the Company and others to prepare the
Company’s annual and quarterly reports and the filing of same
with the Securities and Exchange Commission. We will review the
financial statements and related footnotes prepared by the
outsourced staff; the signing of these repo
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