Exhibit 10.47

Schedule of Executive Compensation

Effective January 1, 2006, and pursuant to the annual review of base salary
compensation approved by the Compensation Committee of the Companys Board of Directors, base salaries for its named executive officers were increased to the amounts shown in the table below:



|                      |  |                                                 |  |                   |  |                                                   
|--------------------- |  | ----------------------------------------------- |  | ----------------- |  | --------------------------------------------------
|Name                  |  | Position                                        |  | Currency ofSalary |  | Revised Annual BaseSalary EffectiveJanuary 1, 2006
|Dr. David Fyfe        |  | Chief Executive Officer                         |  | U. S. Dollars     |  | 480,690                                           
|Daniel Abrams (1)     |  | Chief Financial Officer                         |  | British Pounds    |  | 187,775                                           
|Michael Black (2)     |  | Vice-President Finance                          |  | British Pounds    |  | 106,000                                           
|Dr. Jeremy Burroughes |  | Chief Technical Officer                         |  | British Pounds    |  | 159,805                                           
|Dr. SB Cha (3)        |  | Vice-President, Commercial                      |  | U. S. Dollars     |  | 280,000                                           
|Dr. Scott Brown       |  | Vice-President, Research                        |  | British Pounds    |  | 164,743                                           
|Stephen Chandler (4)  |  | Vice-President, Legal and Intellectual Property |  | British Pounds    |  | 200,619                                           

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|(1) | Mr. Abrams ceased to be an employee of the Company effective June 30, 2006
|--- | --------------------------------------------------------------------------

|(2) | Mr. Black became a named executive officer effective July 3, 2006 and the salary shown was effective from that date
|--- | -------------------------------------------------------------------------------------------------------------------

|(3) | Dr. Cha entered into a new employment agreement with us effective February 1, 2006 and the salary shown was effective from that date.
|--- | -------------------------------------------------------------------------------------------------------------------------------------

|(4) | Mr. Chandler ceased to be a named executive officer effective December 31, 2006
|--- | -------------------------------------------------------------------------------

Effective January 1, 2007, and pursuant to the annual review of base salary compensation approved by the Compensation Committee of the
Companys Board of Directors, the base salary for one named executive officer was increased to the amount shown in the table below:



|             |  |                                        |  |                   |  |                                                   
|------------ |  | -------------------------------------- |  | ----------------- |  | --------------------------------------------------
|Name         |  | Position                               |  | Currency ofSalary |  | Revised Annual BaseSalary EffectiveJanuary 1, 2007
|Jim Veninger |  | Vice-President, Technology Development |  | British Pounds    |  | 160,000