Attached files
Exhibit 10.11
Midtown
Partners & Co., LLC
4218
West Linebaugh Avenue
Tampa,
FL 33624
Phone: 813.885.5744 ♦
Fax:
813.885.5911
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November
24, 2009
CONFIDENTIAL
Magnolia
Solar, Inc.
52-B
Cummings Park
Suite
311
Woburn,
MA 01801-2123
Attention: Ashok
K. Sood, Ph.D, Chief Executive Officer
Yash R. Puri, Executive
Vice-President
Re: Amendment to Letter
Agreement dated September 22, 2008
Dear
Sirs:
Reference
is hereby made to a letter agreement by and between Midtown Partners & Co.,
LLC (“Midtown”) and Magnolia Solar, Inc. (“Magnolia”, collectively the
“Parties”) dated September 22, 2008 (the “Agreement”).
The
Parties hereby agree to:
1) Extend
the Term, as defined in Section 5 of the Agreement, through December 31,
2010.
If the foregoing correctly sets forth
our understanding with respect to the proposed amendment to the Agreement,
please so confirm by signing and returning one copy of this letter.
MIDTOWN PARTNERS & CO., LLC | ||||
By:
/s/ Bruce
Jordan
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Date:
November 24, 2009
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Bruce
Jordan, President
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MAGNOLIA SOLAR, INC. | ||||
By: /s/ Ashok Sood | Date: November 24, 2009 | |||
Ashok K. Sood, Ph.D., CEO |