Factoring and Security AgreementFactoring and Security Agreement • June 28th, 2007 • Siena Technologies, Inc. • Communications services, nec • Massachusetts
FOR VALUE RECEIVED, Siena Technologies, Inc., Inc., a Nevada corporation (the “Company”), (OTC BB: SIEN) hereby promises to pay DUTCHESS PRIVATE EQUITIES FUND, LTD. (the “Holder”) by August 30, 2007 (the “Maturity Date”), or earlier, the Face Amount of Four Hundred and Eighty-Three Thousand dollars ($483,000) U.S., plus accrued interest, in such amounts, at such times and on such terms and conditions as are specified herein.
