1
Exhibit 1.2
LADENBURG
XXXXXXXX
ESTABLISHED 1876
March 8, 2000
Xxxxxx Xxxxxx
Executive Vice President/Treasurer
Viragen, Inc.
000 XX 00xx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Reference is hereby made to the letter agreement dated December 22, 1999 (the
"Engagement Agreement") between Viragen, Inc. (the "Company") and Ladenburg
Xxxxxxxx & Co. Inc. ("LTCO").
The Company and LTCO hereby agree to amend the Engagement Agreement as follows:
1. The sentence "The gross proceeds from the Offering will be up to
$30,000,000." in the first paragraph of the Engagement Agreement is
hereby amended to read as follows:
The gross proceeds from the Offering will be up to $60,000,000.
Except as amended pursuant hereto, the terms and conditions of the Engagement
Agreement shall remain in full force and effect.
If the foregoing correctly sets forth our agreement, please confirm this by
signing and returning to us the duplicate copy of this letter.
Very truly yours,
LADENBURG XXXXXXXX & CO. INC.
By: /s/ Xxxxx Xxxxx
----------------------------------
Name: Xxxxx Xxxxx
Title: Executive Vice President
Agreed to and accepted
As of the date first written above:
VIRAGEN, INC.
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Exec. V.P./CFO
