Amendment No. 4 to Letter of Intent

EX-10.3 2 f8k122817a4ex10-3_mphase.htm AMENDMENT NO. 4 TO LETTER OF INTENT

Exhibit 10.3

 

AMENDMENT NO.4 TO LETTER OF INTENT

 

mPhase Technologies, Inc.

688 New Dorp Lane,

Staten Island, New York 10306-4933

 

May 30, 2018

 

Scepter Commodities, LLC

9841 Washingtonian Blvd., Suite 390

Gaithersburg, MD 20878

 

Attention: Anshu Bhatnagar

 

Re:      Amendment No. 4 to Letter of Intent (“LOI”)

 

Dear Anshu:

 

This Amendment No.4 (the “Amendment”) to our LOI Intent dated December 29, 2017, as amended on February 15, 2018 and April 3, 2018 hereby amends the LOI as follows:

 

1.         The date on or before which we, mPhase Technologies, Inc. (the “Company”) will complete its outstanding reports with the Securities and Exchange Commission (the “SEC”) shall be June 15, 2018

 

2.         All other terms shall remain intact.

 

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGE TO FOLLOW

 

Please indicate your acceptance of the terms outlined in this Amendment.

 

Please indicate your acceptance of the terms outlined in this Amendment.

 

Sincerely,

 

/s/ Martin Smiley  

Martin Smiley

CFO and General Counsel of mPhase Technologies, Inc.

on behalf of the Sellers.

 

    ACCEPED AND AGREED TO
     
/s/ Ronald Durando   /s/ Anshu Bhatnagar
Ronald Durando   Anshu Bhatnagar
President and CEO   Scepter Commodities LLC
mPhase Technologies, Inc.