MARC PHARMACEUTICALS, INC. 350 BEDFORD STREET STAMFORD, CT 06901 July 9, 2004 Ms. Barbara Pifel Ms. Audrey Schwimmer Mr. Derek Spears Weill Medical College of Cornell University Office of Research & Sponsored Programs 1300 York Avenue, Room A-131 New York, NY 10021 Dr. Brij B. Saxena 515 East 71st Street, Room 412 New York, NY 10021 Re: Sponsored Research Agreement between Marc Pharmaceuticals, Inc. and Weill Medical College Cornell University dated January 22, 2004 (the "Agreement") Dear Ladies and Gentleman: This letter is to confirm our understanding that the first payment to be made under the Agreement, pursuant to Section 4.1 which provides that $187,500 shall be paid by June 30, 2004, shall instead be paid by as follows: $75,000 by July 15, 2004 and $112,500 by November 12, 2004. We trust that the foregoing represents the understanding between us. Please indicate your confirmation by signature and return of the enclosed copy. Sincerely, Marc Pharmaceuticals, Inc. By: --------------------------- Name: Robert M. Cohen Title: President We hereby confirm our agreement and understanding of the foregoing: Weill Medical College of Cornell University By: -------------------------------------- Name: ------------------------------------ Title: ----------------------------------- Principal Investigator By --------------------------------------- Dr. Brij B. Saxena