EXHIBIT 10.26
AMENDMENT NO. 1 OF RESEARCH AGREEMENT
The Agreement amendments stated herein are made by and between
Antigenics, L.L.C., hereinafter referred to as Sponsor and the University of
Connecticut Health Center, hereinafter referred to as UCHC.
The purpose of this document is to amend the Research Agreement entered
into by and between Sponsor and UCHC on February 18, 1998. All terms and
conditions agreed to in the Research Agreement shall remain in full force and
effect except for those amended by this document.
ARTICLE 3- ADDITION OF 1 SUPPLEMENT YEAR
3. The investigation covered by this Agreement shall commence on February
12, 1998 and shall extend for a period of 70.5 months, expiring on
December 31, 2003.
ARTICLE 5- ADDENDUM TO ARTICLE 5
5.0A Sponsor agrees to pay UCHC the sum of $1,200,000.00 for the project
extension year covered by this Amendment No. 1, in accordance with
agreed budget (see Attachment 1), payments to be made as follows:
$300,000 Payable no later than February 15, 2003
$300,000 Payable by no later than May 15, 2003
$300,000 Payable by no later than August 15, 2003
$300,000 Payable by no later than November 15, 2003
The Parties hereto have caused this Amendment No. 1 to be executed by duly
authorized representatives effective as of the latter date indicated below.
ANTIGENICS, L.L.C.- "SPONSOR"
/s/ Russell Herndon 4/19/02
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(Date)
Name: Russell Herndon
Title: President, COO
UNIVERSITY OF CONNECTICUT HEALTH CENTER- UCHC
/s/ Leonard P. Paplauskas 4/12/02
- ---------------------------- ---------------
(Date)
Name: Leonard P. Paplauskas
Title: Assoc. Vice President for Research Administration
ATTACHMENT 1
Antigenics Budget
$1,200,000
Sub Code Description Amount
- -------- ----------- ------
1000 Salaries & Wages 355,000
4000 Fringe 128,000
2000 Purchases Services 184,381
2162 Travel 35,000
3000 Supplies/Minor Equipment 250,000
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Total Direct Costs 952,381
Total Indirect Costs 247,619
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Total $1,200,000
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