Rodman & Renshaw, LLC 1251 Avenue of the Americas, 20thFloor, New York, NY 10020 Tel: 212 ###-###-#### Fax: 212 ###-###-#### www.rodm.com Member: FINRA, SIPC
Exhibit 1.2
November 17, 2010
CONFIDENTIAL
Dr. Claire L. Kruger
Chief Executive Officer
Spherix Incorporated
6430 Rockledge Drive
Suite 503
Bethesda, MD 20817
Dear Dr. Kruger:
This letter hereby serves as an amendment to that engagement agreement dated November 6, 2009 as amended by that letter dated November 17, 2009 (as so amended, the Engagement Agreement), between Spherix Incorporated (the Company) and Rodman & Renshaw, LLC (Rodman). The Company agrees to resume the engagement of Rodman as the exclusive placement agent for the Company for the period of 60 days from December 1, 2010 on the same terms and provisions included in the Engagement Agreement except for the one amendment noted below. Capitalized terms used herein shall have the meanings ascribed to them in the Engagement Agreement.
The Engagement Agreement shall hereby be amended as follows:
Paragraph A2 Warrants Pursuant to Paragraph A2, the Rodman Warrants shall not be exercisable for 6 months from the date of the Offering.
Notwithstanding any of the foregoing, all other provisions of the Engagement Agreement, and all rights and obligations thereunder between Rodman and the Company, shall remain the same as of the date of execution of the Engagement Agreement.
Please confirm that the foregoing correctly sets forth our agreement by signing and returning to Rodman a copy of this Agreement.
| Very truly yours, | ||
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| RODMAN & RENSHAW, LLC | ||
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| By: | /s/ John Borer | |
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| Name: | John Borer |
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| Title: | Sr. Managing Director |
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| Address for notice: | ||
| 1251 Avenue of the Americas, 20th Floor | ||
| New York, NY, 10020 | ||
| Fax: (646) 841-1640 | ||
| Attention: General Counsel |
Rodman & Renshaw, LLC · 1251 Avenue of the Americas, 20th Floor, New York, NY 10020
Tel: 212 ###-###-#### · Fax: 212 ###-###-#### · www.rodm.com · Member: FINRA, SIPC
Accepted and Agreed to as of
the date first written above:
SPHERIX INCORPORATED |
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By: | /s/ Claire L. Kruger |
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| Name: Dr. Claire L. Kruger |
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| Title: Chief Executive Officer |
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Address for notice: |
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6430 Rockledge Drive |
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Suite 503 |
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Bethesda, MD 20817 |
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Fax: (301) 897-2567 |
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Attention: Dr. Claire L. Kruger |
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