Document:

Unassociated Document

    
      MODIFICATION
        AGREEMENT

      

      This
        Modification Agreement is made this 30th day of June, 2006, by and between
        Nayna
        Networks, Inc. a Nevada corporation, (the “Borrower”)
        and
        Investment Partnership Tsunami 2000-No.1, (the “Lender”).

      

      RECITALS

      

      WHEREAS,
        the Borrower issued that certain Convertible Promissory Note, as amended
        (the
“Note”),
        in
        the original principal amount of $200,000, dated July 5, 2005, in favor of
        the
        Lender;

      

      WHEREAS,
        both the Borrower and the Lender desire to modify the terms of the Note to
        reflect their mutual understanding and to extend the maturity date, each
        as set
        forth herein.

      

      NOW,
        THEREFORE, for good and valuable consideration, the receipt and adequacy
        of
        which are hereby acknowledged, the Borrower and the Lender agree to modify
        the
        terms of the Note as follows:

      

      AGREEMENT

      

      1. The
        first
        paragraph of the Note, which begins, “Nayna Networks, Inc., a Nevada...” will be
        deleted and replaced in its entirety by the following paragraph:

      

      “Nayna
        Networks, Inc., a Nevada corporation (the "Company"), for value received,
        promises to pay to Investment
        Partnership Tsunami 2000-No.1 or
        registered assigns (“Holder”) the sum of Two Hundred
        Thousand
        dollars ($200,000), together
        with
        interest thereon at the rate of 8% per annum on the unpaid balance. Outstanding
        principal together with interest is due Dec 31, 2006. 

      

      2. Except
        as
        amended herein, all terms and conditions of the Note shall remain in full
        force
        and effect, unmodified in any way.

      

      4. This
        Agreement shall be governed by and construed under the laws of the State
        of
        California without respect to the principles of the choice of law or the
        conflicts of laws.

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Note Amendment Agreement
        as of the date set forth above.

      
        	 	 	 
	 	
                BORROWER:

              
	 	 
	 	
                NAYNA
                  NETWORKS, INC.

              
	 
 	 
 	 
 
	
              	By:  	 /s/
                Naveen Bisht
	 	
                

                Naveen
                  S. Bisht, President & CEO

              
	 	
              

        	 	 	 
	 	
                LENDER:

              
	 	 
	 	
                INVESTMENT
                  PARTNERSHIP TSUNAMI 2000-NO.1

              
	 
 	 
 	 
 
	
              	By:  	/s/ Masatoshi Co
	 	
                

                Name: 

              
	 	
                Title:
                  

              

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        MODIFICATION
          AGREEMENT

        

        This
          Modification Agreement is made this 30th day of June, 2006, by and between
          Nayna
          Networks, Inc. a Nevada corporation, (the “Borrower”)
          and
          Investment Partnership Tsunami 2000-No.1, (the “Lender”).

        

        RECITALS

        

        WHEREAS,
          the Borrower issued that certain Convertible Promissory Note, as amended
          (the
“Note”),
          in
          the original principal amount of $50,000, dated November 2, 2005, in favor
          of
          the Lender;

        

        WHEREAS,
          both the Borrower and the Lender desire to modify the terms of the Note
          to
          reflect their mutual understanding and to extend the maturity date, each
          as set
          forth herein.

        

        NOW,
          THEREFORE, for good and valuable consideration, the receipt and adequacy
          of
          which are hereby acknowledged, the Borrower and the Lender agree to modify
          the
          terms of the Note as follows:

        

        AGREEMENT

        

        1. The
          first
          paragraph of the Note, which begins, “Nayna Networks, Inc., a Nevada...” will be
          deleted and replaced in its entirety by the following paragraph:

        

        “Nayna
          Networks, Inc., a Nevada corporation (the "Company"), for value received,
          promises to pay to Investment
          Partnership Tsunami 2000-No.1 or
          registered assigns (“Holder”) the sum of Fifty
          Thousand
          dollars ($50,000), together
          with
          interest thereon at the rate of 8% per annum on the unpaid balance. Outstanding
          principal together with interest is due Dec 31, 2006. 

        

        2. Except
          as
          amended herein, all terms and conditions of the Note shall remain in full
          force
          and effect, unmodified in any way.

        

        4. This
          Agreement shall be governed by and construed under the laws of the State
          of
          California without respect to the principles of the choice of law or the
          conflicts of laws.

        

        IN
          WITNESS WHEREOF, the parties hereto have executed this Note Amendment Agreement
          as of the date set forth above.

        
          	 	 	 
	 	
                  BORROWER:

                
	 	 
	 	
                  NAYNA
                    NETWORKS, INC.

                
	 
 	 
 	 
 
	
                	By:  	/s/ Naveen Bisht
	 	
                  

                  Naveen
                    S. Bisht, President & CEO

                
	 	
                

          	 	 	 
	 	
                  LENDER:

                
	 	 
	 	
                  INVESTMENT
                    PARTNERSHIP TSUNAMI 2000-NO.1

                
	 
 	 
 	 
 
	
                	By:  	/s/
                  Masatoshi Co
	 	
                  
Name: 
	 	
                  Title: 

                

        

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
    

    
      MODIFICATION
        AGREEMENT

      

      This
        Modification Agreement is made this 30th day of June, 2006, by and between
        Nayna
        Networks, Inc. a Nevada corporation, (the “Borrower”)
        and
        Investment Partnership Tsunami 2000-No.1, (the “Lender”).

      

      RECITALS

      

      WHEREAS,
        the Borrower issued that certain Convertible Promissory Note, as amended
        (the
“Note”),
        in
        the original principal amount of $200,000, dated August 31, 2005, in favor
        of
        the Lender;

      

      WHEREAS,
        both the Borrower and the Lender desire to modify the terms of the Note to
        reflect their mutual understanding and to extend the maturity date, each
        as set
        forth herein.

      

      NOW,
        THEREFORE, for good and valuable consideration, the receipt and adequacy
        of
        which are hereby acknowledged, the Borrower and the Lender agree to modify
        the
        terms of the Note as follows:

      

      AGREEMENT

      

      1. The
        first
        paragraph of the Note, which begins, “Nayna Networks, Inc., a Nevada...” will be
        deleted and replaced in its entirety by the following paragraph:

      

      “Nayna
        Networks, Inc., a Nevada corporation (the "Company"), for value received,
        promises to pay to Investment
        Partnership Tsunami 2000-No.1 or
        registered assigns (“Holder”) the sum of Two Hundred
        Thousand
        dollars ($200,000), together
        with
        interest thereon at the rate of 8% per annum on the unpaid balance. Outstanding
        principal together with interest is due Dec 31, 2006. 

      

      2. Except
        as
        amended herein, all terms and conditions of the Note shall remain in full
        force
        and effect, unmodified in any way.

      

      4. This
        Agreement shall be governed by and construed under the laws of the State
        of
        California without respect to the principles of the choice of law or the
        conflicts of laws.

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Note Amendment Agreement
        as of the date set forth above.

      
        	 	 	 
	 	
                BORROWER:

              
	 	 
	 	
                NAYNA
                  NETWORKS, INC.

              
	 
 	 
 	 
 
	
              	By:  	/s/ Naveen Bisht
	 	
                

                Naveen
                  S. Bisht, President & CEO

              
	 	
              

      

      
        	 	 	 
	 	
                LENDER:

              
	 	 
	 	
                INVESTMENT
                  PARTNERSHIP TSUNAMI 2000-NO.1

              
	 
 	 
 	 
 
	
              	By:  	/s/ Masatoshi Co
	 	
                
Name:

	 	Title:Unassociated Document

    MODIFICATION
      AGREEMENT

    

    This
      Modification Agreement is made this 30th day of June, 2006, between Nayna
      Networks, Inc. a Nevada corporation, (the “Borrower”)
      and
ALLIANCE
      ENTERPRISE CORPORATION,
      a
      Texas
      corporation
      (the
“Lender”).

    

    RECITALS

    

    WHEREAS,
      the Borrower issued that certain Convertible Promissory Note, as amended (the
      “Note”),
      in
      the original principal amount of $100,000.00, dated May 26, 2005, in favor
      of
      the Lender;

    

    WHEREAS,
      both the Borrower and the Lender desire to modify the terms of the Note to
      reflect their mutual understanding and to extend the maturity date, each as
      set
      forth herein.

    

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and adequacy of
      which are hereby acknowledged, the Borrower and the Lender agree to modify
      the
      terms of the Note as follows:

    

    AGREEMENT

    

    1. The
      first
      paragraph of the Note, which begins, “Nayna Networks, Inc., a Nevada...” will be
      deleted and replaced in its entirety by the following paragraph:

    

    “Nayna
      Networks, Inc., a Nevada corporation (the "Company"), for value received,
      promises to pay to ALLIANCE
      ENTERPRISE CORPORATION
      or
      registered assigns (“Holder”) the sum of One Hundred Thousand
      dollars ($100,000), together
      with
      interest thereon at the rate of 8% per annum on the unpaid balance. Outstanding
      principal together with interest is due the earlier of (i) December 31, 2006,
      (ii) a financing event in excess of $1,000,000.00, or (iii) a merger or
      acquisition event where more than 50% of Nayna’s securities are sold or a target
      business’s capital stock is purchased.

     

    2. Except
      as
      amended herein, all terms and conditions of the Note shall remain in full force
      and effect, unmodified in any way.

    

    4. This
      Agreement shall be governed by and construed under the laws of the State of
      California without respect to the principles of the choice of law or the
      conflicts of laws.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Note Amendment Agreement
      as of the date set forth above.

    
      	 	 	 
	 	
              BORROWER:

            
	 	 
	 	
              NAYNA
                NETWORKS, INC.

            
	 
 	 
 	 
 
	
            	By:  	
               /s/
                Naveen Bisht

            
	 	
              

              Naveen
                S. Bisht, President & CEO

            
	 	
            

    

    
      	 	 	 
	 	
              LENDER:

            
	 	 
	 	
              ALLIANCE
                ENTERPRISE CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	 /s/
              Divakar Kamath
	 	
              
Name:
	 	Title:

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