AMENDMENT TO MASTER SPONSORED RESEARCH AGREEMENTResearch and Development Agreement |
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Exhibit 10.1
AMENDMENT
TO
MASTER
SPONSORED RESEARCH AGREEMENT
Amendment,
dated as of May 29th, 2008 (this “ Amendment
”), by and between THE OHIO STATE UNIVERSITY RESEARCH
FOUNDATION, on behalf of Ohio State University, a university
with a principal place of business at 1960 Kenny Road,
Columbus, OH 43210 (“ Institution
”), and NEUROLOGIX, INC., a Delaware corporation with a
principal place of business at One Bridge Plaza, Fort Lee, New
Jersey, 07024 (“ Sponsor
”).
WHEREAS , Institution and Sponsor are parties to that
certain Master Sponsored Research Agreement, dated as of May 10,
2006 (the “ Research
Agreement ”), which provides for certain research and
rights relating to the development of gene therapy approaches to
neurodegenerative disorders and other fields, as more fully
specified in the Research Agreement;
WHEREAS, Sponsor, on October 11, 2007, sent written notice
to Institution, pursuant to Section 7 of the Research Agreement,
notifying of Sponsor’s election not to renew such Research
Agreement after its initial term, ending November 10, 2007 (“
Initial
Term ”), and requesting a new arrangement as to term
of the Research Agreement and the fees to be paid thereunder by
Sponsor; and
WHEREAS , Sponsor and Institution agreed to extend the
Initial Term for a one-year period ending on November 10, 2008 for
a total fee of $166,666.
NOW, THEREFORE , Institution and Sponsor hereby agree as
follows:
1.
Unless
otherwise specifically provided h
