EX-10.33 3 v96727exv10w33.txt EXHIBIT 10.33 SCOLR, Inc. 3625 - 132nd Avenue SE, Ste. 300 Bellevue, WA 98006 Phone: (425) 373-0171 Facsimile: (425) 373-0181 March 2, 2004 Michael Tag1ich Tag/Kent Partners c/o Taglich Brothers 1370 6th Avenue New York, NY 10019 RE: Securities Purchase Agreement by and among SCOLR, Inc. and the Purchasers named therein dated as of February 24, 2004 (the "Agreement") Dear Michael: 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 Michael Taglich 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/ Daniel O. Wilds Daniel O. Wilds CEO and President Accepted and Agreed To This 2nd day of March, 2004. : /s/ Michael Taglich /s/ Michael Taglich -------------------- ------------------- Michael Taglich, Individually Michael Taglich, General Partner Tag/Kent Partners AMM:amh