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
   
Date: November 24, 2009
 
Bruce Jordan, President
   
 
 
 
   
 
            MAGNOLIA SOLAR, INC.                             By: /s/ Ashok Sood
    Date: November 24, 2009   Ashok K. Sood, Ph.D., CEO