EX-1.2
from S-3
1 page
<page> 1 Exhibit 1.2 Ladenburg Thalmann Established 1876 March 8, 2000 Dennis Healey Executive Vice President/Treasurer Viragen, Inc. 865 Sw 78th Avenue, Suite 100 Plantation, Fl 33324 Dear Mr. Healey: Reference Is Hereby Made to the Letter Agreement Dated December 22, 1999 (The "Engagement Agreement") Between Viragen, Inc. (The "Company") and Ladenburg Thalmann & 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 Thalmann & Co. Inc. By: /S/ David Boris Name: David Boris Title: Executive Vice President Agreed to and Accepted as of the Date First Written Above: Viragen, Inc. By: /S/ Dennis W. Healey Name: Dennis W. Healey Title: Exec. V.P./CFO
12/34/56