EXHIBIT 10.9
M I C R 0 P H A S E
C 0 R P 0 R A T I 0 N
Microphase/mPhase
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FACILITIES/SERVICES AGREEMENT
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This agreement is made effective this 1st day of July, 1998 between Microphase
Corporation, a Connecticut Corporation having a place of business at 000
Xxxxxxxxxxx Xxxxxx, Xxxxxxx, XX. 00000-0000 (referred to as "Microphase") and
mPhase Technologies, Incorporated, a Delaware Corporation, having a place of
business at 000 Xxxxxxxxxxx Xxxxxx, Xxxxxxx, XX. 00000-0000 (referred to as
"mPhase").
WHEREAS, in order to facilitate the initiation of operation of mPhase, the
Parties wish to take advantage of certain facilities and services available at
Microphase;
NOW, THEREFORE, the Parties agree as follows:
1. Microphase hereby makes available to mPhase, the use of general office
space.
2. Microphase hereby agrees to provide general administrative services,
including maintaining an independent accounting function for mPhase
Technologies, Inc.
3. mPhase shall employ separate and independent auditors to review quarterly,
and audit the annual financial statement.
4. mPhase shall pay to Microphase the sum of $50,000.00 on a month to month
basis composed of ($10,000.00 Facilities fee and $40,000.00 Engineering
fee), during the term of this agreement.
M I C R 0 P H A S E
C 0 R P 0 R A T I 0 N
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly
executed as of the day and year first above written.
Microphase Corporation:
By:
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Name: Xxxxx Xxxxxxxx
Title: Contract Administrator
Date:
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mPhase Technologies, Inc.
By:
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Name: Xxxxxxx X. Xxxxxx
Title: Executive Vice President
Date:
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