January 5, 2004 Mr. Dennis Healey Chief Financial Officer Viragen, Inc. 865 SW 78th Avenue Suite 100 Plantation, FL 33324 Re: Engagement Letter Dear Mr. Healey:Engagement Letter • January 23rd, 2004 • Viragen Inc • Biological products, (no disgnostic substances) • New York
Contract Type FiledJanuary 23rd, 2004 Company Industry JurisdictionThis letter agreement (this “Agreement”) confirms Viragen Inc.’s (the “Company”) engagement of HPC Capital Management (“HPC”) as investment banker, financial advisor and consultant of the Company and sets forth the terms and conditions pursuant to which HPC shall perform in said capacity.