Document:

SEVERANCE AGREEMENT

THIS SEVERANCE  AGREEMENT (this  "Agreement") is made and entered into this 28th
day of October,  2002 (the "Effective  Date"),  by and between  Conference Plus,
Inc., a Delaware corporation (the "Company"), and Tim Reedy (the "Executive").

                                    RECITALS

A.       The Company  desires to hire  Executive  and  recognizes  the  valuable
         services the Executive is expected to render in the future, and desires
         assurance the Executive  will provide his active  participation  in the
         business of the Company; and

B.       The  Executive  wishes to be hired and to serve the Company but desires
         the assurances and benefits provided by this Agreement.

NOW,  THEREFORE,  in consideration  of the mutual  agreements and other good and
valuable  consideration,   the  receipt  and  sufficiency  of  which  is  hereby
acknowledged,  and intending to be legally bound,  the Company and the Executive
hereby agree as follows:

                                    AGREEMENT

                            ARTICLE 1. DEFINED TERMS

         For the purposes of this Agreement,  the following terms shall have the
following assigned meanings:

         "Board"           -    means the board of directors of the Company.

         "Business"        -    means the audio,  video  and  date  conferencing
                                services  business of Conference  Plus, Inc. and
                                its subsidiaries,  and any additional or related
                                businesses  entered  into  or  planned  by  them
                                during Executive's employment.

         "Cause"           -    means termination  of Executive's employment  by
                                the  Company  because of: (i) the failure of the
                                Company  to  meet  any  periodic  (quarterly  or
                                other)  performance  target  set  by  the  Board
                                followed  by the failure of the  Company,  after
                                notice to the  Executive of such failure to meet
                                the next periodic performance target established
                                by the  Board.  or  (ii)  Executive's  continued
                                failure to comply with the  specific  directions
                                of the Board after a cure period  determined  by

<PAGE>

                                the Board,  as  communicated in a written notice
                                from the Board or  appropriate  senior  officer,
                                which  notifies him of the  specific  failure to
                                comply;  or  Executive's  taking  of any  action
                                contrary to specific  direction of the Board; or
                                (iii) the engaging by the  Executive in willful,
                                reckless or grossly negligent  misconduct which,
                                in the good faith determination of the Board, is
                                materially injurious to the Company, its clients
                                and customers or their  reputations,  monetarily
                                or  otherwise,  or (iv) the aiding or abetting a
                                competitor  or other breach by the  Executive of
                                his fiduciary duty of loyalty to the Company; or
                                (v) a  breach  (other  than  an  immaterial  and
                                inadvertent   breach)   by   Executive   of  his
                                obligations of  confidentiality or nondisclosure
                                or (if applicable) any breach of his obligations
                                of noncompetition or  nonsolicitation  under any
                                other  written   agreement  in  effect   between
                                Executive and the Company;  or (vi) unlawful use
                                or  possession of illegal drugs on the Company's
                                premises;  or (vii)  conviction  of executive or
                                pleading  guilty or no  contest to any felony or
                                crime involving moral turpitude.

         "Change in Control"    of  the  Company   shall   be   deemed  to  have
                                occurred  as of the  first  day  that any one or
                                more of the following conditions shall have been
                                satisfied:

                                            (i) the consummation of the purchase
                                    by any  person,  entity or group of persons,
                                    within the meaning of Section 13(d) or 14(d)
                                    of the United States Securities Exchange Act
                                    of 1934,  as amended,  of ownership of fifty
                                    percent  (50%) or more of  either  the total
                                    number of shares of outstanding common stock
                                    of  the  Company  of all  classes  of or the
                                    combined  voting power of the Company's then
                                    outstanding  voting  securities  entitled to
                                    vote  generally  (but a change of control of
                                    Westell Technologies,  Inc. shall not itself
                                    constitute   a  Change  in  Control  of  the
                                    Company);

                                           (ii)  a  reorganization,   merger  or
                                   consolidation  of the Company,  in each case,
                                   with  respect  to  which   persons  who  were
                                   shareholders of the Company immediately prior
                                   to    such    reorganization,    merger    or
                                   consolidation do not, immediately thereafter,
                                   own  more  than  fifty  percent  (50%) of the
                                   combined   voting  power   entitled  to  vote
                                   generally of the Company or the  surviving or
                                   resulting entity (as the case may be);

                                   (iii)  a sale of all or substantially  all of
                                   the Company's assets.

<PAGE>

         "Company"              means  Conference   Plus,  Inc.   subsidiary  of
                                Westell Technologies, Inc. , and in the event of
                                a Change in Control through purchase of Business
                                and assets, the purchaser thereof..

         "Entity"          -    means  any  business,   whether  a  corporation,
                                partnership,   sole   proprietorship,    limited
                                liability   company,   joint  venture  or  other
                                entity.

         "Good Reason"     -    means without the Executive's  written approval,
                                concurrent   with  or   following  a  Change  in
                                Control,  the Company  reduces  the  Executive's
                                base salary (as it may be increased from time to
                                time),  unless such  reduction is in  connection
                                with   a   change   in  the   salary   structure
                                commensurate, in the good faith determination of
                                the  Board,  with  changes  in salary  for other
                                executives  of the Company  generally  (but,  if
                                occurring  after a sale or merger of the Company
                                to or with another entity or, if occurring after
                                employment  of  Executive by an entity which has
                                purchased Company assets,  only if commensurate,
                                in the good faith  determination of the board of
                                such  entity,  with  changes in salary for other
                                executives of such entity.

         "Participate In"  -    means  the  having  of any  direct  or  indirect
                                interest  in any  Entity,  whether as a partner,
                                shareholder,  member, operator, sole proprietor,
                                agent,  representative,  independent contractor,
                                consultant,    franchiser,   franchisee,   joint
                                venturer,  owner or otherwise,  or the rendering
                                of any direct or indirect  service or assistance
                                to any Entity  (whether as a director,  officer,
                                manager, supervisor, employee, agent, consultant
                                or   otherwise);    provided   that   the   term
                                "Participate  In"  shall  not  include  the mere
                                ownership  of  less  than 5% of the  stock  of a
                                publicly-held  corporation whose stock is traded
                                on a  national  securities  exchange  or in  the
                                over-the-counter market.

         "Restricted Period" -  means the period  commencing  on the date of any
                                termination of Executive's  employment  with the
                                Company and expiring six months thereafter.

         "Severance Pay" -      means   payment  in  an  amount   equal  to  the
                                Executive's base salary in effect at the time of
                                termination    of    employment,    payable   in
                                installments over the year following termination

<PAGE>

                                at the times  Executive's base salary would have
                                been  paid  if  Executive's  employment  had not
                                terminated.

         "Severance Benefits"-  means  continuation,  at the Company's  expense,
                                for  the   shorter  of  six   months   following
                                termination   or   until    Executive    becomes
                                re-employed,  of all group  medical  and  dental
                                plan   coverage   in   effect  at  the  time  of
                                termination.

         "Term"            -    means the  period  commencing  on the  Effective
                                Date and expiring two years thereafter.

         "Termination Notice"  means a written  notice which shall indicate the
                                specific   termination    provisions   of   this
                                Agreement  upon  which  the  Company  relies  in
                                effecting such termination. For purposes of this
                                Agreement,  no such purported termination by the
                                Company shall be effective  without  Termination
                                Notice.

                            ARTICLE 2. SEVERANCE PAY

2.1 Termination  with Severance Pay and Severance  Benefits.  The Company may at
any time terminate  Executive's  employment without Cause or reason, by delivery
to  Executive  of a  Termination  Notice.  Subject to section  2.3, and provided
Executive is not in breach of any of his obligations hereunder,  Executive shall
be  entitled  to  Severance  Pay  and  Severance  Benefits  upon  execution  and
effectiveness of a general release of the Company and its affiliates, if:

         (i) the Company terminates  Executive's employment without Cause during
the Term prior to a Change in Control; or

         (ii) the Executive resigns his position for Good Reason during the Term
prior to a Change in Control; or

         (iii) a Change in  Control  occurs  during  the Term and  Executive  is
terminated by the Company or the purchaser of its Business  without Cause within
one year  after the  Change in Control  (even if such  termination  is after the
expiration of the Term.); or

         (iv) a Change in Control  occurs within the Term and Executive  resigns
his position for Good Reason within one year following a Change in Control (even
if such resignation is after expiration of the Term).

The  Executive's  employment  shall not be deemed  to have  been  terminated  in
connection with a Change in Control  through  purchase of assets and/or Business
if the  Executive is offered

<PAGE>

employment  by the  purchaser  for at the least the same  equivalent  total cash
compensation (base salary plus cash short term incentives).  Notwithstanding the
foregoing,  unless such purchaser  assumes the Company's  obligations under this
Agreement,  the Company  shall remain  liable to Executive for Severance Pay and
Severance Benefits upon a subsequent  termination of the Executive in accordance
with this section 2.1, within one year following the Change in Control.

2.2 Termination without Severance Pay or Severance Benefits . The Company may at
any time  terminate  the  Executive  for Cause,  effective  upon delivery to the
Executive of a Termination Notice.  Executive shall not be entitled to Severance
Pay or Severance  Benefits if the Executive dies, resigns his position for other
than Good Reason, does not accept employment described in the final paragraph of
Section 2.1, or is terminated by the Company for Cause

2.3  Forfeiture  of Severance  Pay and Severance  Benefits.  If Executive  shall
breach  (other than an  immaterial  and  inadvertent  breach) any  obligation of
confidentiality,  nondisclosure, noncompetition or nonsolicitation under this or
any other written  agreement in effect between  Executive and the Company or its
affiliates,  then  in  addition  to any  rights  the  Company  has  under  those
agreements to enjoin action and recover  damages,  the Company shall be released
from any further  obligation to pay Severance Pay or provide Severance  Benefits
to the Executive.  In addition, if after the expiration of the Restricted Period
but prior to the  expiration of one year  following a termination of employment,
Executive shall engage in any activity described in Section 3.2 (a) through (d),
then the Company shall be released from any further  obligation to pay Severance
Pay or provide Severance Benefits to the Executive.

2.4. Accord, Satisfaction, Settlement and Release. Executive agrees, for himself
and for  Executive's  personal and legal  representatives,  assigns,  executors,
administrators,  successors,  heirs,  distributees,  devisees and legatees, that
payment by the Company of Severance Pay and  provision of Severance  Benefits to
the  extent  required  by this  Agreement  shall  constitute  a full,  final and
complete  accord,  satisfaction,  settlement  and  release of any and all claims
and/or suits against,  and  liabilities  of, the Company and its  affiliates,  ,
whether  existing as of the Effective Date, or thereafter  arising,  that any of
the foregoing  persons may have in connection with  Executive's  employment with
the Company.

2.5 No Obligation to Seek Further Employment. Executive shall not be required to
seek other  employment,  nor shall the amount of any Severance  Payment provided
hereunder be reduced by any  compensation  earned by the  Executive by virtue of
other  employment  after the date of termination of Executive's  employment with
the Company except as specifically set forth in Section 2.3.

2.6 Effect on Other Contractual  Rights.  The provisions of this Agreement,  and
any payment provided hereunder,  shall not reduce any amounts otherwise payable,
or in any way diminish  Executive's  existing rights to COBRA benefits or vested
benefits  under  retirement  plans of the  Company,  but except for stock option
matters,  are  provided in lieu of any other  termination

<PAGE>

benefits or severance  payment  obligations  under any policy or practice of the
Company now or hereafter in effect..

                         ARTICLE 3. EXECUTIVE COVENANTS

3.1  Confidential  Information.  Executive  acknowledges  that the  information,
observations and data obtained by him during the course of his employment by the
Company  concerning  the Business and affairs of the Company and its  affiliates
(the "  Company  Information")  are  confidential  and are the  property  of the
Company or its  affiliates..  Executive hereby agrees that he shall not disclose
to any unauthorized  person or use for his own account or for the account of any
third  party any Company  Information  without the  Company's  written  consent,
unless and then only to the  extent  the  Westell  Company  Information  becomes
generally known to and available for use by the public other than as a result of
Executive's  acts or failure  to act.  Executive  shall use his best  efforts to
prevent  the  unauthorized  misuse,  espionage,  loss or  theft  of the  Company
Information.  Executive  further  agrees  to  deliver  to  the  Company  at  the
termination of his  employment,  or at any other time the Company may request in
writing, all memoranda,  notes, plans, records, reports and other documents (and
copies thereof)  relating to the Business of the Company that Executive may then
possess or have under his control.

3.2 No  Competition.  Whether or not  Executive is entitled to Severance  Pay or
Severance  Benefits,   Executive  agrees  that  during  the  Restricted  Period,
Executive  shall not,  directly or indirectly,  for himself,  or for any Entity,
without the prior written consent of the Board of Directors of Conference  Plus,
Inc. and the Board of Directors of Westell Technologies,  Inc. through its Chief
Executive Officer (which may be given or denied in his sole discretion):

         (a)      engage in or Participate In the Business or any other business
                  that competes with, or develops or offers products or services
                  competitive  with the Business,  from Illinois or any state or
                  country in which the Company has Business or customers, or has
                  solicited customers; nor

         (b)      engage in or Participate In the Business or any other business
                  that competes with, or develops or offers products or services
                  competitive  with  the  Business,   from  any  other  location
                  throughout the world; nor

         (c)      call  upon,  solicit,  serve,  or  accept  business,  from any
                  customer or  prospective  customer  (wherever  located) of the
                  Company  for the  purpose  of  selling  products  or  services
                  competitive with the Business; nor

         (d)      interfere with any business  relationship of the Company, with
                  any of their customers or prospective  customers or induce any
                  such  customers or  prospective  customers to  discontinue  or
                  reduce their relationship with the Company.

<PAGE>

Nothing in any  provision  of clauses  (a)  through (d) above shall be deemed to
prohibit Executive from accepting  employment with a customer or supplier of the
Company which is not also a competitor of the Company,

3.3 No  Solicitation.  Whether or not  Executive is entitled to Severance Pay or
Severance  Benefits,  Executive  shall not,  during the Restricted  Period:  (i)
induce or attempt to induce any  person who is  employed  by the  Company in any
capacity  to leave such  person's  position,  or in any way  interfere  with the
relationship  between  the  Company and such  person,  or (ii) hire  directly or
through  another  entity,  in any  capacity,  any person who was employed by the
Company  within 12 months prior to  termination  of  Executive's  employment  or
during the  Restricted  Period,  unless and until such person has been separated
from employment with the Company for at least six months.

3.4 Intellectual  Property..  Executive assigns to Company all right, title, and
interest  in and to any  and  all  inventions,  original  works  of  authorship,
developments, concepts, improvements or trade secrets, whether or not patentable
or registrable  under copyright or similar laws, which Executive may have solely
or  jointly  conceived  or  developed  or reduced  to  practice,  or cause to be
conceived  or  developed  or  reduced  to  practice,  during  the period of time
Executive   is  in  the  employ  of  Company   (collectively   referred   to  as
"Inventions"). The term "Inventions" shall not include, and this Paragraph shall
not apply to, any invention for which no equipment, supplies, facility, or trade
secret  information  of Company  was used and which was  developed  entirely  on
Executive's  own time,  unless (a) the invention  relates (i) to the business of
Company,  or (ii) to Company's  actual or demonstrably  anticipated  research or
development,  or (b) the invention  results from any work performed by Executive
for Company. Executive further acknowledge that all original works of authorship
which are made by Executive  (solely or jointly with others) within the scope of
and during the  period of  Executive's  employment  with  Company  and which are
protected  by  copyright  were "works made for hire," as that term is defined in
the United States Copyright Act.

3.5  Reasonable   Scope  and  Duration.   Executive   acknowledges   that  these
restrictions are reasonable in scope, are necessary to protect the trade secrets
and other  confidential  and  proprietary  information of the Company,  that the
benefits  provided  hereunder are full and fair compensation for these covenants
and that these  covenants  do not impair  Executive's  ability to be employed in
other  areas  of  his  expertise   and   experience.   Specifically,   Executive
acknowledges the reasonableness of the international scope of these covenants by
reason of the  international  customer  base and  prospective  customer base and
activities of the Company,  the widespread  domestic and international  scope of
Executive's  contacts  created  during  his  employment  with the  Company,  the
domestic  and  international  scope  of  Executive's  responsibilities  with the
Company and his access to marketing  strategies of the Company.  Notwithstanding
the  foregoing,  if any  court  determines  that  any of the  terms  herein  are
unreasonable or unenforceable,  such court may interpret, alter, amend or modify
any or all of such terms to include as much of the scope, time period and intent
as will render such  restrictions  enforceable,  and then in such reduced  form,
enforce such terms.

<PAGE>

                        ARTICLE 4. ADDITIONAL PROVISIONS

4.1  Equitable  Remedies.  Executive  agrees that any breach or violation of the
covenants  contained  in  Articles 3 of this  Agreement  would cause the Company
irreparable  loss and  damage  for  which  money  damages  would be  inadequate.
Therefore  the  parties  agree that in the event of any breach or  violation  or
attempted  breach or violation by the  Executive of the  covenants  contained in
Articles 3, the Company  may  enforce the terms of this  Agreement  in a suit at
equity. In connection therewith, the Company may obtain a preliminary injunction
or restraining order immediately upon the commencement of any such suit, without
notice. Employee hereby waives any requirement or entitlement to demand that the
Company post any bond in  connection  with such suit.  Employee also agrees that
any action for an injunction or restraining  order shall be without prejudice to
any other  remedy,  cause of action  for money  damages  or  otherwise  that the
Company may have by reason of breach, violation or attempted breach or violation
of this Agreement by Executive.

4.2  Successors and Assigns.

         (a) The  Company  may,  from  time to time  during  the  Term,  cause a
purchaser  of the  business  and  assets of the  Company  to assume and agree to
perform  this  Agreement  in the same  manner  and to the same  extent  that the
Company would be required to perform it if no such  assumption  had taken place.
In that event,  such purchaser  shall become  primarily  liable to Executive for
payments  hereunder,  and the  Company  shall be  thereafter  released  from any
further obligations under this Agreement.

         (b) This Agreement  shall inure to the benefit of and be enforceable by
the parties and their personal and legal  representatives,  assigns,  executors,
administrators,  successors, heirs, distributees,  devisees and legatees. If the
Executive  should  die while any  amounts  remain  payable  hereunder,  all such
amounts,  unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to the Executive's  devisee,  legatee, or other designee
or, if there be no such designee, to the Executive's estate.

4.3 Notice. For purposes of this Agreement, notices and all other communications
provided  for in the  Agreement  shall be in writing and shall be deemed to have
been duly given  when  delivered  or mailed by United  States  registered  mail,
return  receipt  requested  and  postage  prepaid,  addressed,  in the  case  of
Executive,  to his latest address in the Company records, and in the case of the
Company,  to the  Company's  principal  office,  provided that all notice to the
Company shall be directed to the attention of the Board of Directors with a copy
to the  Secretary of the Company,  or to such other  address as either party may
have  furnished  to the other in writing in  accordance  herewith,  except  that
notice of change of address shall be effective only upon receipt.

4.4 Waiver,  Amendment and  Integration.  No provision of this  Agreement may be
modified, waived or discharged unless such waiver,  modification or discharge is
agreed to in  writing  signed by the  Executive  and the  Company.  No waiver by
either  party at any time of any  breach  by the other  party of, or  compliance
with, any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions
at  the  same  or  at  any  prior  or   subsequent   time.   No   agreements  or
representations,  oral or  otherwise,  express or implied,  with  respect to the
subject  matter  hereof  have been made by either  party which are not set forth
expressly in this Agreement.

4.5  Governing  Law.  This  Agreement  shall be  governed  by and  construed  in
accordance  with the laws of the State of Illinois,  excluding  conflicts of law
principles.

4.6 No  Employment  Contract.  Nothing  in this  Agreement  shall be  deemed  to
constitute a contract or guaranty of employment  or alter the at-will  status of
Executive's employment.

4.7 Validity.  The  invalidity  or  unenforceability  of any  provisions of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

4.8  Counterparts.  This Agreement may be executed in one or more  counterparts,
each of which shall be deemed to be an original but all of which  together  will
constitute one and the same instrument.

4.9 Interpretation. Except where otherwise set forth to the contrary, references
to Articles,  sections and parties mean  Articles,  sections and parties to this
Agreement; The word "including" means "including without limitation;" The use of
any  pronoun in the  singular or  masculine  form shall be deemed to include the
plural, feminine or neuter forms, as appropriate.

4.10 Tax Effect.  All payments and benefits provided hereunder shall be provided
net of applicable withholding.

<PAGE>

         IN WITNESS WHEREOF,  the parties have executed this Agreement as of the
Effective Date.

CONFERENCE PLUS INC.                               EXECUTIVE

-----------------------------------                -----------------------------
By:
Title:SEVENTH AMENDMENT TO AMENDED AND RESTATED
                           LOAN AND SECURITY AGREEMENT

                  This SEVENTH AMENDMENT TO AMENDED AND RESTATED LOAN AND
SECURITY AGREEMENT (this "Amendment") is made as of June 30, 2003 among LaSalle
Bank National Association, a national banking association, individually (in such
capacity, the "Lender") and as agent (in such capacity, the "Agent"), Westell
Technologies, Inc., a Delaware corporation ("Technologies"), Westell, Inc., an
Illinois corporation ("Westell"), Westell International, Inc., a Delaware
corporation ("International"), Conference Plus, Inc., a Delaware corporation
("CPI"), and Teltrend LLC, a Delaware limited liability company and successor by
merger to Teltrend, Inc. ("Teltrend," and together with Technologies, Westell,
International and CPI, being, collectively, the "Borrowers").

                                   BACKGROUND
                                   ----------

                  A. The Agent, the Lender and the Borrowers are party to that
certain Amended and Restated Loan and Security Agreement dated as of August 31,
2000 (as the same has been and may hereafter be amended, restated, supplemented
or otherwise modified from time to time, the "Loan Agreement"), pursuant to
which the Lender has made and may hereafter make certain loans, advances and
other financial accommodations to the Borrowers and the Borrowers have granted
to the Agent, for the benefit of the Lender and any other lenders who from time
to time may become party to the Loan Agreement, a lien on and a security
interest in all of the Borrowers' real, personal and intellectual property.
Capitalized terms used but not defined herein shall have the meanings assigned
to them in the Loan Agreement.

                  B. The Borrowers and the Lenders are parties to a certain
Amended and Restated Revolving Note dated as of June 28, 2002 in the original
principal amount of $30,000,000 (the "Revolving Note").

                  C. The Borrowers and Lenders are parties to a certain Term
Note dated as of June 28, 2002 in the original principal amount of $5,000,000
(the "Term Note").

                  D. Borrowers have informed Agent that they desire to enter
into this Amendment to, among other things, (i) modify the termination date of
the revolving line of credit, (ii) provide for the repayment in full of the term
loan, (iii) modify certain financial covenants, and (iv) otherwise modify
Borrowers' Obligations as provided herein.

                  E. Agent is willing to so amend the Loan Agreement upon the
terms and conditions set forth herein.

                  NOW, THEREFORE, in consideration of the premises and the
mutual promises herein contained, and intending to be legally bound hereby, the
parties hereto agree as follows:

<PAGE>

         SECTION 1 AMENDMENTS TO LOAN AGREEMENT

                  1.1 The Lender has heretofore made a Term Loan to the
Borrowers in the original principal amount of Five Million Dollars ($5,000,000)
pursuant to the Loan Agreement and evidenced by the Term Note. Concurrently
herewith, the Borrowers shall repay the Term Loan and all accrued and unpaid
interest thereon (either in cash and/or with the proceeds of a Revolving Loan),
whereupon all references in the Loan Agreement and the other Loan Documents to
the "Term Loan", "Term Loan Commitment", "Term Note", and "Term Loan Reserve",
shall be deemed to be of no further force or effect.

                  1.2 The Lender and the Borrowers acknowledge and agree that,
from and after the date hereof, the Borrower's right to request Eurodollar Loans
and to request conversions and continuations with respect thereto, and all
provisions in the original Loan Agreement and the other Loan Documents with
respect to Eurodollar Loans, LIBOR and the LIBOR Rate, are hereby reinstated,
including without limitation, the definitions of "Eurodollar Loan", "Eurodollar
Office", "LIBOR" and "LIBOR Rate".

                  1.3 Section 1.1 of the Loan Agreement is hereby amended as
follows:

                  (a) The definition of "Interest Period" is hereby amended and
         restated in its entirety to read as follows:

                  "Interest Period" shall mean: (i) as to any Eurodollar Loan,
         the period commencing on the date of such Eurodollar Loan and ending on
         the numerically corresponding day (or, if there is no numerically
         corresponding day, on the last day) in the calendar month that is 1, 2,
         or 3 months thereafter, as the Borrowers may elect, and (ii) as to any
         Reference Rate Loan, mean each period commencing on the first day of
         each month and ending on the earlier of the last day of such month or
         the expiration or earlier termination of this Agreement; provided,
         however, that (i) if any Interest Period would end on a day that shall
         not be a Business Day, such Interest Period shall be extended to the
         next succeeding Business Day unless, with respect to Eurodollar Loans
         only, such next succeeding Business Day would fall in the next calendar
         month, in which case such Interest Period shall end on the immediately
         preceding Business Day, (ii) no Interest Period with respect to any
         Revolving Loan shall end later than the expiration of the term of this
         Agreement, and (iii) interest shall accrue from and including the first
         day of an Interest Period to and including the last day of such
         Interest Period.

                  (b) The definition of "Termination Date" is hereby amended by
         deleting the date "June 30, 2003" and inserting in its place the date
         "June 30, 2006."

                  1.4 Section 11.2 of the Loan Agreement is hereby amended and
restated it in its entirety to read as follows:

                  "11.2 EBITDA. Borrowers shall have on each date set forth
         below, a minimum EBITDA:

                                       2

<PAGE>

                  (a) as at the last day of each month commencing June 30, 2003
         through and including September 30, 2003, measured on a rolling
         twelve-month basis as of the last day of each such month, of not less
         than $15,700,000; and

                  (b) as at the last day of each month commencing October 31,
         2003 through and including June 30, 2006, measured on a rolling
         twelve-month basis as of the last day of each such month, of not less
         than $13,000,000."

                  1.5 Section 11.3(b) of the Loan Agreement is hereby amended
and restated in its entirety to read as follows:

                  "(b) Tangible Net Worth. Borrowers shall maintain, measured on
         a monthly basis as at the last day of each month commencing June 30,
         2003 through and including March 31, 2004, minimum Tangible Net Worth
         of not less than $3,800,000.

                  Thereafter, as of the last day of each month commencing April
         30, 2004 through and including June 30, 2006, Borrowers shall maintain
         a minimum Tangible Net Worth of not less than the greater of (i)
         $3,800,000 and (ii) seventy-five percent (75%) of Borrower's Tangible
         Net Worth as of the last day of the Fiscal Year then most recently
         ended.

                  Notwithstanding the foregoing, from and after the date of any
         issuance of equity securities of the Borrowers (excluding (x) any
         issuance of shares of capital stock pursuant to any employee or
         director stock option program, benefit plan or compensation program and
         (y) any issuance by a Subsidiary to the Borrowers or another
         Subsidiary), the minimum Tangible Net Worth required hereunder shall be
         increased by an amount equal to the amount of Net Cash Proceeds
         received by the Borrowers pursuant to such offering."

                  1.6 Annex A to the Loan Agreement is hereby deleted in its
entirety and the Annex A in the form of Exhibit D hereto is inserted in
substitution therefor. The parties agree that the Annex A attached hereto as
Exhibit D shall be effective as of the date hereof and interest and other
charges due under the Loan Agreement shall be calculated per the Annex A
attached hereto from and after such date.

                                       3

<PAGE>

         SECTION 2 REPRESENTATIONS AND WARRANTIES

                  To induce Agent to amend the Loan Agreement as set forth
herein, each Borrower jointly and severally represents and warrants to Agent
that:

                  2.1 Representations and Warranties. On the date hereof, the
representations and warranties set forth in the Loan Agreement (as modified by
this Amendment), are true and correct with the same effect as though such
representations and warranties had been made on the date hereof, except to the
extent that such representations and warranties and covenants expressly relate
to an earlier date.

                  2.2. Corporate Authority of Borrowers. Each Borrower has full
power and authority to enter into this Amendment, and to incur and perform the
obligations provided for under this Amendment and the Loan Agreement, all of
which have been duly authorized by all proper and necessary corporate action. No
consent or approval of stockholders or of any public authority or regulatory
body is required as a condition to the validity or enforceability of this
Amendment which has not been obtained.

                  2.3 Amendment as Binding Agreement. This Amendment constitutes
the valid and legally binding obligation of each Borrower, fully enforceable
against each Borrower, in accordance with its terms.

                  2.4. No Conflicting Agreements. The execution and performance
by the Borrowers of this Amendment will not (i) violate any provision of law,
any order of any court or other agency of government, or the Articles of
Incorporation, Certificate of Formation, Operating Agreement or Bylaws of any
Borrower, (ii) violate any indenture, contract, agreement or other instrument to
which any of the Borrowers are a party, or by which any of their property is
bound, or be in conflict with, result in a breach of or constitute (with due
notice and/or lapse of time) a default under, any such indenture, contract,
agreement or other instrument or result in the creation or imposition of any
lien, charge or encumbrance of any nature whatsoever upon any of the property or
assets of any of the Borrowers.

                  2.5 No Default. No Event of Default or Uncured Default exists
under the Loan Agreement or any of the Loan Documents.

         SECTION 3 CONDITIONS PRECEDENT.

                  The agreement by Agent to amend the Loan Agreement is subject
to the following conditions precedent:

                  3.1 Revolving Note. Execution and delivery by Borrowers of an
Amended and Restated Revolving Note in the form of Exhibit A hereto.

                  3.2 Reaffirmation of Stock Pledge Agreement. Execution and
delivery by Technologies of a reaffirmation of that certain Stock Pledge
Agreement dated as of August 31, 2000, between Technologies and Agent in the
form of Exhibit B hereto.

                                       4

<PAGE>

                  3.3 Reaffirmation of Subordination Agreement. Execution and
delivery by Solectron Corporation and Solectron Technology SDN.BHD. (together,
"Solectron") of a reaffirmation of that certain Subordination Agreement dated as
of May 30, 2002 between Solectron and Lender in the form of Exhibit C hereto.

                  3.4 Corporate Authority. Borrowers shall have provided to
Agent certified copies of the unanimous written consent of their Boards of
Directors in a form reasonably acceptable to Agent authorizing the execution,
delivery and performance by the Borrowers of this Amendment and the agreements,
instruments and documents executed in connection herewith.

                  3.5 Fee. Borrowers shall have paid to Agent for its own
account an amendment fee in the amount of $300,000.

                  3.6 Termination of Participation Agreement. Execution and
delivery to the Agent of an acknowledgement of the termination of the
Subordinated Participation Agreement dated as of June 28, 2002 between the Agent
and each of the Participants party thereto.

                  3.7 Borrowers shall have delivered to the Agent each and every
agreement, document, note, release, guaranty, certificate, notice, affidavit,
exhibit, schedule, resolution, legal opinion, assignment, security agreement or
financing statement which the Agent may reasonably request from the Borrowers,
in form and substance satisfactory to Agent, to effect the intent of this
Amendment.

         SECTION 4 MISCELLANEOUS PROVISIONS.

                  4.1 To the extent the provisions of this Amendment differ from
or are inconsistent with the terms of the Loan Agreement or any of the Loan
Documents, the provision of this Amendment shall govern; otherwise, the terms
and provisions of the Loan Agreement shall remain in full force and effect and
are hereby affirmed, confirmed and ratified in all respects. Borrowers ratify,
confirm and affirm without condition, all liens and security interests granted
to Agent pursuant to the Loan Agreement and the Loan Documents, and such liens
and security interests shall continue to secure the obligations and liabilities
of Borrowers to Agent, including but not limited to, all loans made by Agent to
the Borrowers under the Loan Agreement as amended by this Amendment.

                  4.2 This Amendment shall be construed in accordance with and
governed by the laws of the State of Illinois, and the obligations of Borrowers
under this Amendment are and shall arise absolutely and unconditionally upon the
execution and delivery of this Amendment.

                  4.3 This Amendment may be executed in any number of
counterparts.

                  4.4 In addition to the fees described in Section 3.5 above,
Borrowers hereby agree to pay all out-of-pocket expenses incurred by Agent in
connection with the preparation, negotiation and consummation of this Amendment,
and all other documents related thereto, including without limitation, the
reasonable fees and expense of Agent's counsel, and any filing fees required in
connection with the filing of any documents necessary to consummate the
provisions of this Amendment.

                                       5

<PAGE>

                  4.5 On or after the effective date hereof, each reference in
the Loan Agreement or any of the Loan Documents to this "Agreement" or words of
like import, shall unless the context otherwise requires, be deemed to refer to
the Loan Agreement as amended hereby.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       6

<PAGE>

         IN WITNESS WHEREOF, Borrowers and Agent have caused this Amendment to
be duly executed by their duly authorized officers, all as of the date and year
first above written.

BORROWERS:                          WESTELL TECHNOLOGIES, INC.

                                     By:      __________________________________
                                     Title:   __________________________________

                                     WESTELL, INC.

                                     By:      __________________________________
                                     Title:   __________________________________

                                     WESTELL INTERNATIONAL, INC.

                                     By:      __________________________________
                                     Title:   __________________________________

                                     CONFERENCE PLUS, INC.

                                     By:      __________________________________
                                     Title:   __________________________________

                                     TELTREND LLC.

                                     By:      __________________________________
                                     Title:   __________________________________
                                     Address: 750 North Commons Drive
                                              Aurora, Illinois 60504

AGENT AND LENDER:                    LASALLE BANK NATIONAL ASSOCIATION

                                     By:      __________________________________
Revolving Loan Commitment:           Title:   __________________________________
$30,000,000                          Address: 135 South LaSalle Street
Percentage:  100%                             Chicago, Illinois 60603
                                              Attn:    Stephanie Kline

                                       7

<PAGE>

                                    Exhibit A
                                    ---------

                                 Revolving Note
                                 --------------

<PAGE>

                       AMENDED AND RESTATED REVOLVING NOTE

$30,000,000                                                        June 30, 2003

                  WESTELL TECHNOLOGIES, INC., WESTELL, INC., WESTELL
INTERNATIONAL, INC., CONFERENCE PLUS, INC. and TELTREND LLC (collectively,
"Borrowers"), hereby jointly and severally promise to pay to the order of
LaSalle Bank National Association (the "Lender"), on June 30, 2006 the principal
sum of Thirty Million and No/100 Dollars ($30,000,000), or such lesser amount of
all of the then outstanding advances made by the Lender to Borrowers pursuant to
Section 2.1 of the "Loan Agreement" (as hereinafter defined), together with
interest on any and all principal amounts remaining unpaid hereunder from time
to time from the date hereof until paid, at the rate(s) set forth in Section
2.10 of the Loan Agreement, payable on the last day of each Interest Period (as
such term is defined in the Loan Agreement), and continuing until the Revolving
Loans (as such term is defined in the Loan Agreement) are paid in full.

                  Any amount of interest or principal hereof which is not paid
when due, whether on the last day of an Interest Period, at stated maturity, by
acceleration or otherwise, shall bear interest payable on demand at the Default
Rate (as such term is defined in the Loan Agreement).

                  All payments of principal and interest on this Note shall be
payable in lawful money of the United States of America. In no event shall the
interest payable exceed the highest rate permitted by law. Principal and
interest shall be paid to Lender at its office at 135 South LaSalle Street,
Chicago, Illinois 60603, or at such other place as the holder of this Note may
designate in writing to Borrowers. All payments hereunder shall be applied as
provided in the Loan Agreement. In determining Borrowers' liability to the
Lender hereunder, the books and records of the Lender shall be controlling
absent arithmetic or manifest or demonstrable error.

                  This Note evidences certain indebtedness incurred under the
Amended and Restated Loan and Security Agreement, dated August 31, 2000 between
Westell Technologies, Inc., Westell, Inc., Westell International, Inc.,
Conference Plus, Inc., Teltrend LLC (as successor to Teltrend, Inc.), and the
financial institutions from time to time parties thereto, including the Lender
(collectively, the "Lenders"), and LaSalle Bank National Association, as agent
(the "Agent") for the Lenders (as heretofore or hereafter amended, restated,
supplemented or otherwise modified, the "Loan Agreement"), to which reference is
hereby made for a statement of the terms and conditions under which the due date
of this Note or any payment thereon may be accelerated or is automatically
accelerated, or under which this Note may be prepaid or is required to be
prepaid. All capitalized terms used herein shall, unless otherwise defined
herein, have the meanings set forth in the Loan Agreement. The holder of this
Note is entitled to all of the benefits provided in said Loan Agreement and the
Loan Documents referred to therein. Borrowers agree to pay all costs of
collection and all reasonable attorneys' fees paid or incurred in enforcing any
of the Lender's rights hereunder promptly on demand of the Lender and as more
fully set forth in the Loan Agreement.

                  This Note may be prepaid in whole or in part, and shall be
prepaid as appropriate, in accordance with the terms of the Loan Agreement.

<PAGE>

                  Except as set forth in the Loan Agreement, the Borrowers,
endorsers and all other parties to this Note waive presentment, demand, notice,
protest and all other demands and notices in connection with the delivery,
acceptance, performance, default or enforcement of this Note and the Loan
Agreement. In any action on this Note, the Lender or its assignee need not file
the original of this Note, but need only file a photocopy of this Note certified
by the Lender or such assignee to be a true and correct copy of this Note.

                  This is the Revolving Note referred to in the Loan Agreement.
This Note is secured by, among other things, a security interest in the
Collateral granted to the Agent pursuant to Section 4 of the Loan Agreement.

                  No delay on the part of the Lender in exercising any right
under this Note, any security agreement, guaranty or other undertaking affecting
this Note, shall operate as a waiver of such right or any other right under this
Note, nor shall any omission in exercising any right on the part of the Lender
under this Note operate as a waiver of any other rights.

                  Upon the occurrence of an Event of Default which is an Uncured
Default under the Loan Agreement, the outstanding indebtedness evidenced by this
Note, together with all accrued interest, shall be due and payable in accordance
with the terms of the Loan Agreement, without notice to or demand upon the
Borrowers except as otherwise provided in the Loan Agreement, and the Lender may
exercise all of its rights and remedies reserved to it under the Loan Agreement
or applicable law.

                  If any provision of this Note or the application thereof to
any party or circumstance is held invalid or unenforceable, the remainder of
this Note and the application of such provision to other parties or
circumstances will not be affected thereby and the provisions of this Note shall
be severable in any such instance.

                  This Note shall be in replacement of and in substitution for
that certain Revolving Loan Note dated June 28, 2002, in the original principal
amount of $30,000,000, made by Westell Technologies, Inc., Westell, Inc.,
Westell International, Inc., Conference Plus, Inc., and Teltrend LLC and payable
to the order of Lender (the "Original Note"). The indebtedness evidenced by the
Original Note is continuing indebtedness, and nothing herein shall be deemed to
constitute a payment, settlement or novation of the Original Note, or to release
or otherwise adversely affect any lien, mortgage or security interest securing
such indebtedness or any rights of the Lender against any guarantor, surety or
other party primarily or secondarily liable for such indebtedness.

                  BORROWERS HEREBY WAIVE ANY RIGHT BORROWERS MAY NOW OR
HEREAFTER HAVE TO SUBMIT ANY CLAIM, ISSUE OR DEFENSE ARISING HEREUNDER OR UNDER
THE OTHER DOCUMENTS RELATING TO THIS NOTE TO A TRIAL BY JURY.

                                       2

<PAGE>

                  This Note shall be deemed to have been made under and shall be
governed in accordance with the internal laws and not the conflict of law rules
of the State of Illinois.

                                            WESTELL TECHNOLOGIES, INC.

                                            By: ________________________________
                                            Title:  ____________________________

                                            WESTELL, INC.

                                            By: ________________________________
                                            Title:______________________________

                                            WESTELL INTERNATIONAL, INC.

                                            By:_________________________________
                                            Title:______________________________

                                            CONFERENCE PLUS, INC.

                                            By:_________________________________
                                            Title:______________________________

                                            TELTREND LLC

                                            By: ________________________________
                                            Title: _____________________________

                                       3

<PAGE>

                                    Exhibit B
                                    ---------

                     Reaffirmation of Stock Pledge Agreement
                     ---------------------------------------

<PAGE>

                     REAFFIRMATION OF STOCK PLEDGE AGREEMENT

                  This Reaffirmation of Stock Pledge Agreement dated as of June
30, 2003 (this "Reaffirmation") is entered into between WESTELL TECHNOLOGIES,
INC., a Delaware corporation (herein called the "Pledgor"), and LASALLE BANK
NATIONAL ASSOCIATION, as Agent (herein called the "Pledgee"), and has reference
to the following facts and circumstances:

                  A. Pursuant to that certain Amended and Restated Loan and
Security Agreement dated as of August 31, 2000, (herein as amended or modified
from time to time, the "Loan and Security Agreement") among Pledgee, Pledgor, as
Agent and as a Lender, and the other lenders from time to time a party thereto,
(together with its subsidiaries, Westell, Inc., Westell International, Inc.,
Conference Plus, Inc. and Teltrend LLC, collectively referred to hereinafter as
"Borrowers"), Pledgor granted Pledgee a security interest in its shares of
certain of the Borrowers pursuant to that certain Stock Pledge Agreement dated
as of August 31, 2000 and that certain Stock Pledge Agreement dated as of June
29, 2001 (each as amended, restated, supplemented or otherwise modified from
time to time, collectively, the "Pledge Agreements").

                  B. Borrowers desire to enter into a Seventh Amendment to Loan
and Security Agreement dated as of the date hereof (the "Amendment") pursuant to
which Pledgee has agreed to, among other things, (i) extend the maturity of
Borrowers' revolving credit facility, (ii) provide for the repayment in full of
the term loan, and (iii) modify certain financial covenants of the Loan and
Security Agreement.

                  C. Pledgor is financially interested in Borrowers.

                  D. Pledgor desires that Pledgee enter into the Amendment.

                  E. Pledgee is willing to enter into the Amendment only upon
the condition that Pledgor execute and deliver this Reaffirmation in favor of
Pledgee.

                  NOW, THEREFORE, in consideration of the foregoing, Pledgor
hereby agrees as follows:

                  1. The preambles to this Reaffirmation are hereby incorporated
herein by this reference thereto.

                  2. Pledgor does hereby expressly ratify, confirm and affirm
without condition, all liens and security interests granted to the Pledgee
pursuant to the Pledge Agreements, and such liens and security interests shall
continue to secure the obligations and liabilities of Borrowers to Pledgee,
including but not limited to, all loans made by Pledgee to Borrowers under the
Loan and Security Agreement and all amendments thereto.

                  3. This Reaffirmation constitutes the valid and legally
binding obligation of Pledgor, fully enforceable against Pledgor, in accordance
with its terms.

<PAGE>

                  4. This Reaffirmation shall inure to the benefit of Pledgee
and Lenders, their successors and assigns, and be binding upon Pledgor, and its
successors and assigns.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       2

<PAGE>

                  IN WITNESS WHEREOF, the Pledgor has executed this
Reaffirmation on the date above set forth.

                                                WESTELL TECHNOLOGIES, INC.

                                                By: ___________________________
                                                Its: ___________________________

                                       3

<PAGE>

                                    Exhibit C
                                    ---------

                    Reaffirmation of Subordination Agreement
                    ----------------------------------------

<PAGE>

                    REAFFIRMATION OF SUBORDINATION AGREEMENT

                  This Reaffirmation of Subordination Agreement (this
"Reaffirmation"), dated and effective as of the 30th day of June, 2003, is
executed by and between Solectron Corporation ("Solectron Corp.") and Solectron
Technology SDN.BHD. ("Solectron BHD", and, together with Solectron Corp.,
"Junior Creditor") and LaSalle Bank National Association ("Lender"), and has
reference to the following facts and circumstances:

                  A. Pursuant to that certain Amended and Restated Loan and
Security Agreement dated as of August 31, 2000, (as heretofore or hereafter
amended, restated, supplemented or otherwise modified from time to time, the
"Loan Agreement") by and among Lender, individually and as agent (in such
capacity, the "Agent"), the other Lenders from time to time a party thereto,
Westell Technologies, Inc., ("Technologies"), Westell, Inc., ("Westell"),
Westell International, Inc., ("International"), Conference Plus, Inc., ("CPI"),
and Teltrend LLC, as successor by merger to Teltrend, Inc. ("Teltrend," and
together with Technologies, Westell, International and CPI, being, collectively,
the "Borrowers"), Junior Creditor delivered to Lender a certain Subordination
Agreement dated as of May 30, 2002 (the "Subordination Agreement").

                  B. Borrowers intend to enter into a Seventh Amendment to
Amended and Restated Loan and Security Agreement (herein, as amended or modified
from time to time, the "Amendment") pursuant to which Lender shall, among other
things, (i) extend the maturity of Borrowers' revolving credit facility, (ii)
provide for the repayment in full of the term loan, and (iii) modify certain
financial covenants.

                  C. Junior Creditor will benefit from such modifications.

                  D. Junior Creditor desires to induce Agent to execute, deliver
and perform the Amendment of even date herewith.

                  E. Agent is willing to enter into the Amendment only upon the
condition that Junior Creditor execute and deliver this Reaffirmation in favor
of Bank.

                  NOW, THEREFORE, in consideration of the foregoing, Junior
Creditor hereby agrees as follows:

         1. The preambles to this Reaffirmation are hereby incorporated herein
by this reference thereto.

         2. Junior Creditor hereby reaffirms and agrees that the term "Senior
Debt" as used in the Subordination Agreement shall include and refer to, among
other things, the obligations, indebtedness and liabilities of the Borrowers to
Agent and Lenders pursuant to the Loan Agreement as amended by the Amendment and
pursuant to the other Loan Documents (as defined in the Loan Agreement) as the
same may have been, or may hereafter be, amended, restated, supplemented or
otherwise modified from time to time.

<PAGE>

         3. Junior Creditor hereby expressly reaffirms and assumes (on the same
basis as set forth in the Subordination Agreement) all of Junior Creditor's
undertakings, obligations and liabilities as set forth in the Subordination
Agreement, and agrees to be bound by and abide by and operate and perform under
and pursuant to and comply fully with all of the terms, conditions, provisions,
agreements, representations, undertakings, warranties, and covenants contained
in the Subordination Agreement, as such undertakings, obligations and
liabilities may be modified by the Amendment and the related amendments to the
other Loan Documents.

         4. This Reaffirmation shall inure to the benefit of Bank, its
successors and assigns and be binding upon Junior Creditor, its successors and
assigns.

                                 SOLECTRON CORPORATION, a Delaware corporation

                                 By: _____________________________________
                                 Title: ___________________________________

                                 SOLECTRON TECHNOLOGY SDN.BHD.

                                 By: _____________________________________
                                 Title: ___________________________________

                                       2

<PAGE>

          Exhibit D to Amendment to Amended and Restated Loan Agreement
          -------------------------------------------------------------

                          Annex A - Applicable Margins

LIBOR Margin               2.50%

Reference Rate Margin      0.00%

Unused Fee                 0.50%

Standby L/C Fee Rate       3.00%

Trade L/C Fee Rate         1.50%

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