EXHIBIT 10.27
MORSE, ZELNICK, ROSE & LANDER
A LIMITED LIABILITY PARTNERSHIP
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WRITER'S DIRECT LINE
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April 15, 2003
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Milestone Scientific, Inc.
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Dear ▇▇▇:
This will confirm that we have agreed to defer payment of an additional
$160,000 in fees due to us until January 2, 2005, except for payments out of
future profits or the net proceeds of equity financings.
This will further inform that the $160,000 balance of the amount deferred
last year until January 2, 2003 (after giving effect to a $90,000 payment in
restricted shares of Common Stock), is now deferred until January 2, 2005 except
for payments out of future profits or the net proceeds of equity financings,
provided that it does not impact operations.
Very truly yours,
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SAZ/ds