SilverSun Technologies Inc (SSNT)

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48 Hours!

On April 11, 2011 (the “Effective Date”), Trey Resources, Inc., a Delaware corporation (the “Corporation”), entered into two promissory notes (each a “Note” and together, the “Notes”) each in the aggregate face amount of $275,000 (the “Loans”), with two accredited investors (each an “Investor” and together, the “Investors”). Pursuant to the terms of each of the Notes, each Investor funded $275,000 to the Corporation (the aggregate amount of such funding equaling $550,000) in consideration of the receipt of the Notes executed in favor of the Investors. Each Note bears 7% interest and has a maturity date of September 15, 2011 (the “Maturity Date”). All principal and interest due under the Notes is payable in full on the Maturity Date. In consideration of the Investors making and maintaining the Loan and as collateral security for the payment and performance of the obligations of the Corporation under the Notes, the Corporation granted a security interest in all of the Corporation’s assets, among other things. The Notes are subject to various default provisions (each an “Event of Default”) and the occurrence of an Event of Default will cause the outstanding principal amount under the Notes and all other amounts payable thereunder to become immediately due and payable to the Investors.