FIBERCORE, INC.

                              TERM PROMISSORY NOTE

                                                              November 27, 1996
US$3,000,000                                                  New York, New York


         For value  received,  the  undersigned  hereby  promises  to pay to AMP
Incorporated,  a Pennsylvania corporation ("Lender"), or order, at the office of
Lender at 470 Friendship Road, M/S 176-034, Harrisburg,  Pennsylvania 17111, the
principal amount of THREE MILLION UNITED STATES DOLLARS  (US$3,000,000)  or such
lesser  amount  as shall  equal  the  principal  amount  outstanding  hereunder,
together with accrued and unpaid interest  thereon,  payable on the dates and in
the manner set forth in the Agreement (defined below.)

         Overdue  payments  of  principal   (whether  at  stated  maturity,   by
acceleration  or  otherwise),  and,  to the  extent  permitted  by law,  overdue
interest, shall bear interest, payable on demand in immediately available funds,
at a rate per  annum  equal to two  percent  (2%)  above  the  rate  that  would
otherwise be applicable to principal hereunder.

         This Note is issued  pursuant  to, and entitled to the benefits of, and
is subject  to, the  provisions  of a certain  Term Loan  Agreement  dated as of
November 27, 1996 by and between the undersigned and Lender (herein, as the same
may from time to time be amended or extended,  referred to as the  "Agreement"),
but neither this  reference to the  Agreement  nor any  provision  thereof shall
affect or impair the absolute and  unconditional  obligation of the  undersigned
maker of this Note to pay the  principal  of and interest on this Note as herein
provided. Capitalized terms not otherwise defined herein have the meanings given
to such terms in the Agreement.

         As  provided  in the  Agreement,  this  Note is  supported  by a German
Guaranty,  which German Guaranty is secured by certain personal  property of the
Guarantor.

         In case an Event of Default (as defined in the Agreement)  shall occur,
the aggregate unpaid principal of and accrued interest on this Note shall become
or may be  declared  to be due and  payable  in the  manner  and with the effect
provided in the Agreement.

         The  undersigned  may at its  option  prepay  all  or any  part  of the
principal of this Note before maturity upon the terms provided in the Agreement.

         The  undersigned  maker hereby waives  presentment,  demand,  notice of
dishonor,  protest  and all other  demands and  notices in  connection  with the
delivery, acceptance, performance and enforcement of this Note.

         THIS INSTRUMENT  SHALL HAVE THE EFFECT OF AN INSTRUMENT  EXECUTED UNDER
SEAL AND SHALL BE GOVERNED BY AND CONSTRUED IN  ACCORDANCE  WITH THE LAWS OF NEW
YORK  (WITHOUT  GIVING  EFFECT TO ANY  CONFLICTS  OF LAWS  PROVISIONS  CONTAINED
THEREIN).


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LENDER                                                 FIBERCORE, INC.



By: /s/ James E. Marley                                By: /s/ Mohd Aslami
    -----------------------                               ----------------------
Name:   James E. Marley                                Name:   Mohd Aslami
     ----------------------                               ----------------------
Title: Chairman of the Board                           Title:  Chairman and CEO
      -----------------------                                -------------------



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