Exhibit 10.2

 

 

THIRD AMENDMENT TO PROMISSORY NOTE

 

This Third Amendment, made this 5th day of September, 2003, to the Promissory
Note dated June 1, 2000, in the original sum of Ten Million and 00/100
($10,000,000.00) Dollars, as subsequently amended by a Rider to Promissory Note
dated July 30, 2001, an Amendment To Promissory Note dated September 1, 2001 and
a Second Amendment To Promissory Note dated June 30, 2003 (hereinafter referred
to as the “Note”), made by Tellium, Inc., a Delaware corporation (hereinafter
referred to as the “Borrower”) in favor of Commerce Bank/Shore, N.A.
(hereinafter referred to as the “Bank”).

 

 

W I T N E S S E T H

 

WHEREAS, the Borrower has requested that the Bank extend the term of the Note;
and

 

WHEREAS, Bank has agreed to said request, subject to the terms and conditions
set forth in this Third Amendment.

 

NOW, THEREFORE, in consideration of the mutual promises and covenants herein
contained and Borrower’s promise to pay Bank all sums due pursuant to the terms
of the Note, as modified herein, it is agreed that the terms of the Note shall
be amended and modified as follows:

 

  1. Payment: This section of the Note shall be amended to provide that Borrower
will pay this loan in full on or before January 1, 2004.

 

  2. Except as amended herein, the terms and provisions of the Note remain
unchanged, are and shall remain in full force and effect unless and until
modified or amended in writing in accordance with their terms, and are hereby
ratified and confirmed.

 

IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day
and year first above written.

 

BORROWER:    TELLIUM, INC.,

Attest/Witness:

  

A Delaware Corporation

 

           

By: /s/

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   By:   

/S/    WILLIAM J. PROETTA

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          William J. Proetta, President

BANK:

   COMMERCE BANK, N.A.

Attest/Witness:

         

By: /s/

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   By:   

/S/    CYNTHIA A. COLUCCI

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          Cynthia A. Colucci, Vice President