APPROVED CREDIT EXTENSION

Letter of Credit

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Finance Icagen, Inc. | Oxford Finance Corporation

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Title: APPROVED CREDIT EXTENSION
Date: 4/19/2005

APPROVED CREDIT EXTENSION, Parties: finance icagen inc. , oxford finance corporation

Exhibit 10.1

[Oxford Letterhead]

April 15, 2005

Mr. Bob Jakobs

Director of Finance

Icagen, Inc.

4222 Emperor Blvd.

Suite 350

Durham, NC 27703

Dear Bob,

This is to notify you that Oxford Finance Corporation has approved Icagen’s request for a credit line expansion good through April 15, 2005 under the same terms and conditions of the original proposa

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