0000909334-07-000196 Sample Contracts

Factoring and Security Agreement

Factoring and Security Agreement • May 30th, 2007 • Siena Technologies, Inc. • Communications services, nec • Massachusetts

• Contract Type
  Factoring and Security Agreement
• Filed
  May 30th, 2007
• Company
  Siena Technologies, Inc.
• Industry
  Communications services, nec
• Jurisdiction
  Massachusetts

FOR VALUE RECEIVED, Siena Technologies, Inc., Inc., a Nevada corporation (the “Company”), (OTC BB: SEIN) hereby promises to pay DUTCHESS PRIVATE EQUITIES FUND, LTD. (the “Holder”) by August 15, 2007 (the “Maturity Date”), or earlier, the Face Amount of Seven Hundred and Twenty-Five Thousand dollars ($725,000) U.S., plus accrued interest, in such amounts, at such times and on such terms and conditions as are specified herein.