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EXHIBIT 10.(ix)
VIRAGEN TECHNOLOGY, INC.
000 XX 00XX XXXXXX, XXXXX 000
XXXXXXXXXX, XX 00000
PHONE: (000) 000-0000 FAX: (000) 000-0000
September 29, 1997
Viragen (Scotland) Ltd.
0000 Xxxx 00xx Xxxxxx
Xxxxxxx, XX 00000
RE: LICENSING AGREEMENT DATED JULY 12, 1995
Gentlemen:
Reference is made to that Licensing Agreement dated July 12, 1995 (the
"Agreement"). We hereby amend paragraph 8(a)(i) and 8(a)(ii) such that the
$2,000,000 initial royalty previously paid by you will fulfill the obligation
of Viragen (Scotland) Ltd. through October 31, 1998 and no further royalty
payment will be due prior to November 1, 1998.
In addition, the parties agree that if the remaining technology is not
transferred to Viragen (Scotland) Ltd., no additional royalty payment will be
due to us, and Viragen Technology, Inc. will refund the aforementioned
$2,000,000 payment.
Very truly yours,
VIRAGEN TECHNOLOGY, INC.
By: /s/ Xxxxxx Xxxxx
---------------------------------
President
ACCEPTED AND AGREED
VIRAGEN (SCOTLAND) LTD.
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------
Director
