EXHIBIT 10.23
Document Security Systems, Inc.
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AMENDMENT TO PLACEMENT AGENT AGREEMENT
DATED OCTOBER 29, 2003
Fordham Financial Management, Inc. December 9, 2003
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Dear Sirs:
Appended hereto is a Supplement No. 2 dated as of December 9, 2003
which supplements and amends the Offering Memorandum dated October 29, 2003 as
previously amended by a Supplement No. 1 of Document Security Systems, Inc. (the
"Company" or "DCSS"). The Placement Agent Agreement dated October 29, 2003 by
and between the Company and Fordham Financial Management, Inc. is hereby amended
by the terms of the appended Supplement No. 2. Further, it is understood that
Fordham's counsel shall file an amended Form D with the Securities and Exchange
Commission and with all blue sky states to reflect the increased offering. DCSS
agrees to pay ▇▇▇▇▇ & ▇▇▇▇▇, PLLC a fee of $2,500 to make all required filings
plus to advance any additional filing fees required by the states.
By signing below, the parties agree that the Placement Agent Agreement
dated October 29, 2003, as amended herein, shall constitute the entire agreement
between the parties and may only be amended in writing by the parties hereto.
If the foregoing is in accordance with your understanding of our
agreement, please sign and return to us a counterpart hereof, whereupon this
instrument along with all counterparts will become a binding agreement between
the Placement Agent and us in accordance with its terms.
Very truly yours,
DOCUMENT SECURITY
SYSTEMS, INC.
By: _________________________
▇▇▇▇▇▇▇ ▇▇▇▇▇, President
Confirmed and Accepted as of
the date first above written.
FORDHAM FINANCIAL MANAGEMENT, INC.
By:__________________________________
▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Chief Executive Officer