Amendment No. 5 to Letter of Intent
Exhibit 10.3
AMENDMENT NO.5 TO LETTER OF INTENT
mPhase Technologies, Inc.
688 New Dorp Lane,
Staten Island, New York 10306-4933
June 21, 2018
Scepter Commodities, LLC
9841 Washingtonian Blvd., Suite 390
Gaithersburg, MD 20878
Attention: Anshu Bhatnagar
Re: Amendment No. 5 to Letter of Intent (“LOI”)
Dear Anshu:
This Amendment No.5 (the “Amendment”) to our LOI Intent dated December 29, 2017, as amended on February 15, 2018, March 31, 2018, April 3, 2018 and May 30, 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 July 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.
Sincerely,
| /s/ Martin Smiley |
Martin Smiley
CFO and General Counsel of mPhase Technologies, Inc.
on behalf of the Sellers.
| /s/ Ronald Durando | ||
| Ronald Durando | ||
| President and CEO | ||
| mPhase Technologies, Inc. |
Accepted and Agreed To:
| /s/ Anshu Bhatnager | ||
| Anshu Bhatnager | ||
| Scepter Commodities LLC |
