Exhibit 10.2

FIRST AMENDMENT TO THE

SECURITIES PURCHASE AGREEMENT

THIS FIRST AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is
dated as of December 10, 2014, by and between Ikanos Communications, Inc., a
Delaware corporation (the “Company”), Alcatel-Lucent Participations, S.A. (“ALU
Part”), and Tallwood III, L.P., a Delaware limited partnership, Tallwood III
Partners, L.P., a Delaware limited partnership, and Tallwood III Associates,
L.P., a Delaware limited partnership (collectively, the “TWVC Funds”). ALU Part
and the TWVC Funds are together hereinafter referred to as the “Investors”).

BACKGROUND

A. The Company and the Investors entered into the Securities Purchase Agreement
as of September 29, 2014 (the “Agreement”) to provide for the purchase by the
Investors of an aggregate of thirty nine million six hundred thirty four
thousand one hundred forty four (39,634,144) shares of common stock, par value
$0.001 per share, of the Company.

B. On September 29, 2014, the Company issued a warrant to ALU Part in connection
with the execution and delivery of the Loan and Security Agreement by and
between the Company and Alcatel-Lucent USA, Inc. (the “Loan and Security
Agreement”).

C. On the date hereof, the Company and ALU Part amended the warrant issued on
September 29, 2014 pursuant to a First Amendment to Warrant to Purchase Common
Stock and the Company issued an additional warrant to ALU Part in consideration
of an amendment to the Loan and Security Agreement.

D. The Company and the Investors desire to amend the Agreement to provide for
the registration of shares underlying the additional warrant issued to ALU Part
dated the date hereof.

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this
Amendment, and for other good and valuable consideration the receipt and
adequacy of which are hereby acknowledged, the Company and the Investors agree
as follows:

1. The definition of “Warrant” as set forth in Section 6.1 of the Agreement is
hereby amended and restated in its entirety as follows:

“‘Warrant’ means both (i) the warrant to purchase shares of Common Stock issued
to ALU Part pursuant to that certain Loan and Security Agreement (by and between
the Company and Alcatel-Lucent USA) dated September 29, 2014, as amended on
December 10, 2014, and (ii) the warrant to purchase shares of Common Stock
issued to ALU Part pursuant to that certain First Amendment to the Loan and
Security Agreement (by and between the Company and Alcatel-Lucent USA) dated
December 10, 2014.”

 

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2. The amendments set forth in this Amendment shall be limited precisely as
written and shall not be deemed to be a modification of any other term or
condition of the Agreement or of any other instrument or agreement referred to
therein.

[SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to the
Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

IKANOS COMMUNICATIONS, INC. By:  

/s/ Omid Tahernia

  Name: Omid Tahernia   Title: President & Chief Executive Officer

 

COMPANY SIGNATURE PAGE

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to the
Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

ALCATEL-LUCENT PARTICIPATIONS, S.A. By:  

/s/ Remi Thomas

Its:  

Head of M&A and Corporate Development

 

INVESTOR SIGNATURE PAGE

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to the
Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.

 

TALLWOOD III, L.P. TALLWOOD III PARTNERS, L.P. TALLWOOD III ASSOCIATES, L.P. By:
  Tallwood III Management, LLC Its General Partner By:  

/s/ George Pavlov

  Managing Member