Monday, August 10, 2009 MPhase Technologies, Inc. 587 Connecticut Ave. Norwalk, CT 06854 Dear Ronald and Martin,Collateral & Security Agreement • March 7th, 2011 • Mphase Technologies Inc • Miscellaneous electrical machinery, equipment & supplies
This letter is to confirm that you acknowledge and understand that accepting payment from me for my Note to MPhase (Document C-08102009) is not optional but is required. This Note to MPhase has been secured by me (Collateral & Security Agreement) and I have pledged this collateral, entered into this Note, and entered into this Security Agreement to pay it down as described.
