SCOLR, Inc.
0000 - 000xx Xxxxxx XX, Xxx. 000
Xxxxxxxx, XX 00000
Phone: (000) 000-0000
Facsimile: (000) 000-0000
March 2, 2004
Xxxxxxx Tag1ich
Tag/Kent Partners
c/o Taglich Brothers
0000 0xx Xxxxxx
Xxx Xxxx, XX 00000
RE: Securities Purchase Agreement by and among SCOLR, Inc. and the
Purchasers named therein dated as of February 24, 2004 (the "Agreement")
Dear Xxxxxxx:
The purpose of this letter is to amend the Agreement to increase the Per Share
Purchase Price to $3.63 with respect to the 9,631 Shares to be purchased by
Xxxxxxx Xxxxxxx and the 40,000 Shares to be purchased by Tag/Kent Partners.
Capitalized terms used in this letter shall have the meanings assigned in the
Agreement. Except as set forth herein, the Agreement shall continue in full
force and effect.
Please confirm your agreement with the terms of this letter on behalf of
yourself, individually, and on behalf of Tag/Kent Partners by signing the
enclosed copy of this letter and returning it to me.
Very truly yours,
SCOLR, Inc.
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
CEO and President
Accepted and Agreed To This
2nd day of March, 2004. :
/s/ Xxxxxxx Xxxxxxx /s/ Xxxxxxx Xxxxxxx
-------------------- -------------------
Xxxxxxx Xxxxxxx, Individually Xxxxxxx Xxxxxxx, General Partner
Tag/Kent Partners
AMM:amh
