EX-10 3 medjet10qsbjuly02ex101.txt EXHIBIT 10.1 EXHIBIT 10.1 VISX, Incorporated 3400 Central Expressway Santa Clara, CA 95051 March 12, 2002 Dr. Eugene I. Gordon Chairman and Chief Executive Officer Medjet Inc. 1090 King Georges Post Road, Suite 301 Edison, NJ 08831 RE: RESEARCH, DEVELOPMENT AND EXPERIMENTAL COST SHARING AGREEMENT Dear Dr. Gordon: I am writing in reference to the Research, Development and Experimental Cost Sharing Agreement (the "R&D AGREEMENT"), dated as of August 17, 2001, by and between VISX, Incorporated ("VISX") and Medjet Inc. ("MEDJET"). Capitalized terms not otherwise defined in this letter shall have the meanings given to such terms in the R&D Agreement. This letter is to confirm the parties' understanding that the $2,500,000 figure set forth in Section 1.2 of the R&D Agreement is not a cap on VISX's expenditures pursuant to the R&D Agreement. Rather, the $2,500,000 figure refers to the parties' estimate (at August 27, 2001) of what VISX's maximum expenditure under the R&D Agreement would be. Please indicate your agreement with the foregoing by signing the enclosed counterpart of this letter and returning it to the undersigned. Sincerely, VISX, INCORPORATED /S/ DEREK A. BERTOCCI ------------------------------------------- Derek A. Bertocci Vice President, Controller Agreed to and accepted. MEDJET INC. /S/ EUGENE I. GORDON ---------------------------------- Dr. Eugene I. Gordon Chairman and Chief Executive Officer