mPhase Technologies Inc (XDSL)

[ALDACON]

This is it: 1. The Board has approved an amendment to the Company’s Certificate of Incorporation, (the “Certificate of Incorporation”) to (i) decrease the number of authorized shares of Common Stock of the Company to 250,000,000 shares from 125,000,000,000 shares (as adjusted to maintain the ratio described in Section 2 below) and (ii) increase the par value of the Common Stock and preferred stock to $0.01 from no par valu