Document:

MODIFICATION
      AGREEMENT

    

    This
      Modification Agreement is made this 31st
      day of
      January, 2007, by and between Nayna Networks, Inc. a Nevada corporation, (the
      “Borrower”)
      and
      Ignite Ventures II, LP, (the “Lender”).

    

    RECITALS

    

    WHEREAS,
      the Borrower issued that certain Convertible Promissory Note, as amended (the
      “Note”),
      in
      the original principal amount of $80,000, dated October 19, 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 Ignite Ventures II LP or registered assigns (“Holder”) the
      sum of Eighty Thousand dollars ($80,000), together with interest thereon at
      the
      rate of 8% per annum on the unpaid balance. Outstanding principal together
      with
      interest is due June 30, 2007.

    

    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:

                     

                    
                      
                        
                          
                            
                              Ignite
                                Ventures II, LP

                            

                          

                        

                      

                    

                  
	 
 	 
 	 
 
	
                  	By:  	/s/ Nobuo
                    Mii
	 	
                    

                    Name:

                    
                      Title:

                    

                  

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    MODIFICATION
      AGREEMENT

    

    This
      Modification Agreement is made this 31st
      day of
      January, 2007, by and between Nayna Networks, Inc. a Nevada corporation, (the
      “Borrower”)
      and
      Ignite Ventures II, LP, (the “Lender”).

    

    RECITALS

    

    WHEREAS,
      the Borrower issued that certain Convertible Promissory Note, as amended (the
      “Note”),
      in
      the original principal amount of $125,000, dated August 4, 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 Ignite Ventures II LP or registered assigns (“Holder”) the
      sum of One Hundred Twenty Five Thousand dollars ($125,000), together with
      interest thereon at the rate of 8% per annum on the unpaid balance. Outstanding
      principal together with interest is due June 30, 2007.

    

    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:

                       

                      
                        
                          
                            
                              
                                Ignite
                                  Ventures II, LP

                              

                            

                          

                        

                      

                    
	 
 	 
 	 
 
	
                    	By:  	/s/ Nobuo
                      Mii
	 	
                      

                      Name:

                      
                        Title:SECOND
      AMENDMENT

    TO
      THE

    EMPLOYMENT
      AGREEMENT

    BETWEEN
      FOSTER WHEELER LTD. AND JOHN T. LA DUC

     

    WHEREAS,
      Foster
      Wheeler Ltd. (“Foster Wheeler”) entered into an Employment Agreement (the
“Agreement”) with John T. La Duc (“Executive”) dated as of April 14,
      2004;

     

    WHEREAS,
      the
      parties entered into a First Amendment of the Agreement, dated as of October
      6,
      2006; 

     

    WHEREAS,
      the
      parties each desire to extend the term of the Agreement through August 13,
      2007;
      and

     

    WHEREAS,
      the
      parties each desire to increase the annual incentive bonus target opportunity
      to
      70% of base commencing January 1, 2007;

     

    NOW,
      THEREFORE, in
      consideration of the foregoing, it is mutually agreed that the Agreement is
      amended in the following particulars, all effective as of the date of this
      Second Amendment:

     

    1. By
      deleting Section 2 of the Agreement and replacing it with the
      following:

     

    The
      term
      of the Executive’s employment under this Agreement (the “Term”) shall commence
      on April 14, 2004 (the “Effective Date”), and shall end on the earlier of (i)
      August 13, 2007, or (ii) the date on which the Term is terminated pursuant
      to
      Section 4 below.

     

    2. By
      replacing Section 3.2.1 of the Agreement and replacing it with the
      following:

     

    Executive
      shall be eligible to participate, as determined by the Compensation Committee
      of
      the Board, in the Company’s annual incentive program as in effect from time to
      time for executives at the Executive’s level. Effective January 1, 2007, the
      Executive’s participation will be such that he shall be eligible for an annual
      incentive bonus at a target opportunity of seventy percent (70%) of Base Salary
      (up to a maximum of one hundred forty percent (140%) of Base Salary) based
      upon
      whether, and the extent to which, he has achieved certain business objectives
      established by the Chief Executive Officer. The actual amount of any annual
      incentive bonus shall be determined by and in accordance with the terms of
      the
      Company’s annual incentive program as in effect from time to time, and the
      Executive shall have no absolute right to an annual incentive bonus in any
      year.

     

    The
      Executive shall be eligible to receive an annual incentive bonus for 2007 on
      the
      terms set forth above but on a pro-rata basis calculated based upon the number
      of days he is employed by Foster Wheeler in 2007. For the avoidance of doubt,
      other than receiving a pro-rata award, the Executive’s annual incentive bonus
      for 2007 shall be calculated using the same methodology as used for other
      executives at Executive’s level. Any pro-rata bonus for 2007 shall be paid to
      the Executive when corresponding bonuses are paid to other executives at
      Executive’s level.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    IN
      WITNESS WHEREOF, the
      parties hereto have executed this Second Amendment as of this 30th day of
      January, 2007.

    
      	
               

            	 	 	 
	JOHN
              T. LA
              DUC	 	 	FOSTER
              WHEELER LTD.
	 	 	 	 
	 	 	 	 
	
              /s/
                John T. La Duc

            	 	
               By: 
                

            	/s/
              Raymond J. Milchovich
	
              

            	 	 	
              
                

              

              Raymond
                J. Milchovich

              Chairman,
                President and Chief Executive
                Officer

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