Document:

Letter agreement

 Exhibit 10.1 
  

					
	

	 	 	 	 Fisher Communications, Inc.
 100 4th Avenue North, Suite 510
 Seattle,
WA 98109
 Tel: (206) 404-6042
 Fax: (206) 404-6013
 www.fsci.com

			
	June 16, 2005	 	 	 	 Ben Tucker
 Acting President &
CEO
 bent@fisherbroadcasting.com

  
 Mr. Robert Bateman 
 Fisher Communications, Inc. 
 100 Fourth Avenue North, Suite 510 

Seattle, WA 98109 
  
 Dear Robert: 
  
 Fisher Communications, Inc. (the
“Corporation”) expects that your contribution to the growth and success of the Corporation will be significant. In this connection, the Board of Directors of the Corporation (the “Board”) recognizes that, as is the case with many
publicly-held corporations, the possibility of a change in control may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the distraction of management personnel to the detriment of
the Corporation and its shareholders. Accordingly, the Board has determined that appropriate steps should be taken to reinforce and encourage your continued attention and dedication to your assigned duties without distraction in the face of
potentially disturbing circumstances arising from the possibility of a change in control of the Corporation. 
  
 The Corporation agrees that, notwithstanding your status as an at-will employee, you will receive the severance benefits set forth in this letter agreement (“Agreement”) in accordance with the circumstances
described below. 
  
 1. Term of Agreement. This Agreement
will commence on the date hereof and shall continue in effect until June 16, 2010, or until the termination of your employment, whichever shall occur first. As long as you remain employed by the Corporation, this Agreement shall automatically renew
for consecutive one-year periods unless terminated by the Corporation on not less than thirty (30) days’ notice prior to each one year renewal date. Notwithstanding the above, the following apply: 
  
 a) The Corporation may not terminate this Agreement following a Potential
Change of Control (as defined in Section 2(b) hereof) unless the Board makes a good faith determination that the risk of the associated Change in Control (as defined in Section 2(a) hereof) has terminated. 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 2 
  
 b) Upon a Change in Control, this Agreement shall automatically terminate on the second anniversary of the date of the Change in Control, prior to which
time this Agreement may not be terminated by the Corporation, except as provided herein. 
  
 c) Neither your death nor the termination of this Agreement shall effect the payment of any benefits under Section 4(d), provided your right to receive such benefits arose prior to the earlier of (i) your death or
(ii) the termination of this Agreement. 
  
 d) Section 12 shall
survive the termination of this Agreement. 
  
 2. Change in
Control and Potential Change in Control. 
  
 a) For purposes
of this Agreement, a “Change in Control” shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), whether or not the Corporation is then subject to such reporting requirement; provided, that, without limitation, such a change in control shall be deemed to have occurred if: 
  
 (i) any person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act) (a “Person”) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation (not including in the amount of the securities
beneficially owned by such person any such securities acquired directly from the Corporation or its affiliates) representing twenty percent (20%) or more of the combined voting power of the Corporation’s then outstanding voting securities;
provided, however, that for purposes of this Agreement the term “Person” shall not include (A) the Corporation or any of its subsidiaries, (B) a trustee or other fiduciary holding securities under an employee benefit plan of the
Corporation or any of its subsidiaries, (C) an underwriter temporarily holding securities pursuant to an offering of such securities, or (D) a corporation owned, directly or indirectly, by the shareholders of the Corporation in substantially the
same proportions as their ownership of stock of the Corporation; and provided, further, however, that for purposes of this paragraph (i), there shall be excluded any Person who becomes such a beneficial owner in connection with an Excluded
Transaction (as defined in paragraph (iii) below); or 
  
 (ii)
the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the date hereof, constitute the Board and any new director (other than a director whose initial assumption of office
is in connection with an actual or threatened election contest including, but not limited to, a consent solicitation, relating to the election of directors of the Corporation) whose appointment or election by the Board or nomination for election by
the Corporation’s 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 3 
  
 shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for
election was previously so approved or recommended; or 
  
 (iii)
there is consummated a merger or consolidation of the Corporation or any direct or indirect subsidiary thereof with any other corporation, other than a merger or consolidation which would result in the voting securities of the Corporation
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving corporation or any parent thereof) at least fifty percent (50%) of the combined voting power
of the voting securities of the entity surviving the merger or consolidation (or the parent of such surviving entity) immediately after such merger or consolidation (an “Excluded Transaction”), or the shareholders of the Corporation
approve a plan of complete liquidation of the Corporation, or there is consummated the sale or other disposition, in one or more related transactions, of at least the lesser of seventy percent (70%) of the fair market value of Corporation’s
gross assets or ninety percent (90%) of the fair market value of the Corporation’s net assets, as measured on the date hereof. 
  
 b) For purposes of this Agreement, a “Potential Change in Control” shall be deemed to have occurred, if 
  
 (i) the Corporation enters into an agreement, the consummation of which
would result in the occurrence of a Change in Control; 
  
 (ii)
any Person (including the Corporation) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control; or 
  
 (iii) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has
occurred. 
  
 3. Termination Following a Change in Control or
Potential Change in Control. If any of the events described in Section 2(a) hereof constituting a Change in Control shall have occurred, you shall be entitled to the benefits provided in Section 4(d) hereof upon the termination of your
employment during the term of this Agreement unless such termination is (i) because of your death or Disability (as defined in Section 3(a)), (ii) by the Corporation for Cause, or (iii) by you other than for Good Reason. You shall also be entitled
to the benefits provided in Section 4(d) hereof if your employment is terminated prior to a Change in Control, if such termination is other than (i) because of your death or Disability, (ii) by the Corporation for Cause, or (iii) due to your
voluntary resignation, unless such resignation is for Good Reason, and you reasonably demonstrate that such termination was at the request of 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 4 
  
 or as a result of actions by a third party who has taken steps reasonably calculated to effect a Change in Control, you shall be entitled to the benefits provided in Section 4(d) hereof. With respect to the foregoing,
the following definitions apply: 
  
 a) Disability. If
prior to your retirement and while in the employ of the Corporation, you are incapacitated due to physical or mental illness that in the opinion of a licensed physician renders you totally and permanently incapable of performing your assigned duties
with the Corporation, and as a result of such incapacitation you are absent from the full-time performance of your duties with the Corporation for six (6) consecutive months, the Corporation may terminate your employment for “Disability.”

  
 b) Cause. Termination by the Corporation of your
employment for “Cause” shall mean termination upon (i) the willful and continued failure by you to substantially perform your duties with the Corporation (other than any such failure resulting from termination by you for Good Reason or any
such failure resulting from your incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to you that specifically identifies the manner in which the Corporation believes that you have not
substantially performed your duties, and you have failed to resume substantial performance of your duties on a continuous basis within fourteen (14) days of receiving such demand, (ii) the willful engaging by you in conduct which is demonstrably and
materially injurious to the Corporation, monetarily or otherwise, including, but not limited to, any breach of the confidentiality obligations you have in connection with this Agreement, a Change in Control or a Potential Change in Control, or (iii)
your conviction of a felony or conviction of a misdemeanor which impairs your ability substantially to perform your duties with the Corporation. For purposes of this Subsection, no act, or failure to act, on your part shall be deemed
“willful” unless done, or omitted to be done, by you not in good faith and without reasonable belief that your action or omission was in the best interest of the Corporation. 
  
 c) Good Reason. For purposes of this Agreement, “Good Reason” shall mean, without your express written
consent, the occurrence after a Change in Control, or after and at the request of or as a result of actions by a third party who has taken steps reasonably calculated to effect a Change in Control (each an “Applicable Event”), of any one
or more of the following: 
  
 (i) the assignment to you of
duties (other than those reasonably necessary to address the Applicable Event) inconsistent with your position immediately prior to the Applicable Event or a reduction or alteration in the nature of your position, duties, status or responsibilities
from those in effect immediately prior to the Applicable Event; 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 5 
  
 (ii) a reduction by the Corporation in your annualized and monthly or semi-monthly rate of base salary (“Base Salary”) as in effect on the date
hereof or as the same shall be increased from time to time prior to a Change in Control; 
  
 (iii) the Corporation’s requiring you to be based at a location in excess of fifty (50) miles from the location where you are based immediately prior to the Applicable Event; 
  
 (iv) the failure by the Corporation to continue, substantially as in effect
immediately prior to the Applicable Event, the Corporation’s employee benefit, incentive compensation, bonus, stock option and stock award plans, programs, policies, practices or arrangements in which you participate (or substantially
equivalent successor plans, programs, policies, practices or arrangements) or the failure by the Corporation to continue your participation therein on substantially the same basis, both in terms of the amount of benefits provided and the level of
your participation relative to other participants, as existed immediately prior to the Applicable Event; 
  
 (v) the failure of the Corporation to obtain an agreement from any successor to the Corporation to assume and agree to perform this Agreement, as
contemplated in Section 6 hereof; and 
  
 (vi) any purported
termination by the Corporation of your employment that is not effected pursuant to a Notice of Termination satisfying the requirements of subparagraph (d) below, and for purposes of this Agreement, no such purported termination shall be effective.

  
 Your right to terminate your employment pursuant to this subsection shall not
be affected by your incapacity due to physical or mental illness. Your continued employment shall not constitute consent to, or a waiver of rights with respect to, any circumstance constituting Good Reason hereunder. 
  
 d) Notice of Termination Any termination by the Corporation for Cause
or for Disability or by you for Good Reason shall be communicated by Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated. 
  
 e) Date of Termination. “Date of Termination” shall mean the
date specified in the Notice of Termination, when such a notice is required, or in any other case upon ceasing to perform services to the Corporation; provided, however, that if within thirty 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 6 
  
 (30) days after any Notice of Termination one party notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date finally determined to be the Date of Termination
in an arbitration award that has been confirmed or enforced by a final, non-appealable judgment of a court of competent jurisdiction. 
  
 4. Compensation Upon Termination or During Disability. After an Applicable Event has occurred, if, during the term of this Agreement, your
employment is terminated or you are in a period of Disability the following shall be applicable: 
  
 a) During any period that you fail to perform your full-time duties with the Corporation as a result of incapacity due to physical or mental illness, your
total compensation, including your Base Salary, and any benefits, will continue unaffected until either you return to the full-time performance of your duties or your employment is terminated pursuant to Section 3(a) hereof. In the event you return
to the full-time performance of your duties, you shall continue to receive your full Base Salary and bonus plus all other amounts to which you are entitled under any compensation or other employee benefit plan of the Corporation without
interruption. In the event your employment is terminated pursuant to Section 3(a) hereof, your benefits shall be determined in accordance with the Corporation’s retirement, insurance and other applicable programs and plans then in effect.

  
 b) If your employment shall be terminated by the Corporation
for Cause or by you other than for Good Reason, the Corporation shall pay you your full Base Salary through the Date of Termination at the rate in effect at the time Notice of Termination is given or on the Date of Termination if no Notice of
Termination is required hereunder, plus all other amounts to which you are entitled under any compensation or benefit plan of the Corporation at the time such payments are due, and, except as otherwise required by law, the Corporation shall have no
further obligations to you under this Agreement. 
  
 c) If your
employment terminates by reason of your death, your benefits shall be determined in accordance with the Corporation’s retirement, survivor’s benefits, insurance and other applicable programs and plans then in effect. 
  
 d) If your employment by the Corporation is either terminated by the
Corporation (other than for Cause or Disability) or terminated by you for Good Reason you shall be entitled to the following benefits: 
  
 (i) Accrued Compensation and Benefits. The Corporation shall provide you: 
  
 A) the compensation, reimbursements and benefits accrued through the Date of Termination to the extent not theretofore
provided; 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 7 
  
 B) a lump sum cash amount equal to the value of your unused vacation days accrued through the Date of Termination; and 
  
 C) your normal post-termination compensation and benefits under the
Corporation’s retirement, insurance and other compensation and benefit plans as in effect immediately prior to the Date of Termination, or if more favorable to you, immediately prior to the Applicable Event. 
  
 (ii) Lump Sum Severance Payment. The Corporation shall provide to you
a severance payment in the form of a cash lump sum distribution equal to two times your annual Base Salary. 
  
 (iii) Continuation of Health Care Benefits. Subject to the benefits offset described below, you will be eligible to continue participation in the
Corporation’s group health care benefits pursuant to COBRA for up to eighteen (18) months (or longer if applicable under the COBRA regulations) following the Date of Separation. The health care benefits for which you will be eligible will be in
accordance with the written plan documents in effect from time to time governing the plans provided to active employees of the Corporation. These benefits will be provided at a cost, which the Corporation agrees to pay for a period of twelve (12)
months from the Date of Separation, that is no greater than the amount paid for such health care benefits by active employees who participate in such plans. The benefits otherwise receivable by you pursuant to this paragraph (iii) shall be reduced
to the extent you receive similar coverage under any other group health coverage (as an employee or otherwise). For the purpose of complying with the terms of this offset, you are obligated to report to the Corporation the amount of any such
benefits which you receive. 
  
 (iv) Timing. The payments
provided for in this paragraph (d) shall be made not later than the fifteenth day following the Date of Termination. 
  
 5. Compensation Upon Termination. During the two years following the date of this Agreement, if your employment by the Corporation is terminated by
the Corporation other than for Cause or applicable event, you shall be entitled to the benefits provided in Section 4(d)(i), 4(d)(iii), and 4(d)(iv). In addition, the Corporation shall provide to you a severance payment in the form of a cash lump
sum distribution equal to your annual Base Salary. 
  
 6.
Successors; Binding Agreement. 
  
 a) The Corporation will
require any successor (whether direct or indirect, 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 8 
  
 by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Corporation or of any division or subsidiary thereof employing you to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such assumption and agreement prior to the
effectiveness of any such succession shall be a breach of this Agreement and shall entitle you to compensation from the Corporation in the same amount and on the same terms as you would be entitled hereunder if you terminate your employment for Good
Reason following an Applicable Event, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination. 
  
 b) This Agreement shall inure to the benefit of and be enforceable by your
personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If you should die while any amount would still be payable to you hereunder if you had continued to live, all such amounts, unless
otherwise provided herein, shall be paid in accordance with the terms of this Agreement to your devisee, legatee or other designee or, if there is no such designee, to your estate. 
  
 7. Notice. For the purpose 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, postage prepaid, addressed to the respective addresses set forth on the first page of this
Agreement. 
  
 8. Miscellaneous. No provision of this
Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by you and such officer as may be specifically designated by the Board. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of Washington. 
  
 9. Confidentiality. You agree that, except (i) with the prior written consent of the Corporation, (ii) in connection with review by retained legal or financial counsel, and (iii) as required by law, you and
your permitted representatives will at all times keep confidential and not divulge, furnish or make accessible to anyone any confidential information or knowledge related to this Agreement or the terms herein. You agree that this Agreement and the
terms herein are deemed confidential information. Breach of this provision shall constitute a breach of this Agreement, and this Agreement shall terminate immediately and automatically upon such breach. 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 9 
  
 10. Validity. The invalidity or unenforceability of any provision 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. 
  
 11. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
  
 12. Claims and Arbitration. The parties shall resolve any dispute
arising out of or relating to this Agreement by final and binding arbitration by a single neutral arbitrator located in Seattle, Washington. 
  
 a) To commence an arbitration arising under this Agreement, either you or the Corporation shall serve upon the other, a demand for arbitration, specifying
in reasonable detail the basis for the demand and any relief sought. Within ten (10) days after a receiving party receives a demand for arbitration, the receiving party shall serve upon the demanding party a response, specifying in reasonable detail
the party’ defenses to the claims asserted, and identifying in reasonable detail any counterclaims asserted or counter-relief sought. The demanding party shall respond to any counterclaim or request for counter-relief within five (5) days,
specifying in reasonable detail any defenses it asserts. 
  
 b)
Within fifteen (15) days after the service of a response to the initial demand or, if applicable, to the counterclaim, you and the Corporation shall select the arbitrator who will resolve the dispute. You and the Corporation shall select an
arbitrator with no current or past attorney-client or business relationship with either party or either party’s attorney, but with experience in executive compensation. If you and the Corporation cannot agree on an arbitrator within such
fifteen (15) days, then the demanding party must petition a state or federal court in King County, Washington to identify an arbitrator, and the arbitrator identified by such court will administer the dispute resolution process in accordance with
the terms of this Section 12. 
  
 c) The parties shall
self-administer the arbitration. The arbitrator shall not charge a filing fee, administrative fee, or any other fee beyond his or her usual hourly rate plus applicable costs, nor shall a third party act as administrator. You and the Corporation
shall bear the fees of the arbitrator equally and in no event shall the arbitrator’s fee be shifted to one party, regardless of outcome. The American Arbitration Association’s expedited rules for commercial arbitrations shall govern the
arbitration, except as modified to be consistent with the terms of this clause. You and the Corporation may conduct only the following discovery: a maximum of two (2) one-day (1-day) (no more than seven (7) hours) depositions; ten (10)
interrogatories; ten (10) requests for production of documents; and ten (10) requests for admission per party. The arbitration hearing will occur no later than ninety 

 Mr. Robert Bateman 
 June 16,
2005 
 Page 10 
  
 (90) days after service of the initial demand for arbitration. Each party shall have a maximum of two (2) seven-hour (7-hour) days to present its case at the arbitration hearing, including opening and closing
arguments and all examinations. The arbitrator shall render his or her final decision within ten (10) days after the conclusion of the arbitration hearing and, in so doing, shall follow the substantive law of the state of Washington. The parties
expressly agree that, other than for manifest disregard of the law, the arbitrator’s decision shall be final and non-appealable; judgment upon the arbitration may be entered and enforced in any court with jurisdiction over the parties.

  
 d) If the arbitrator determines that either you or the
Corporation substantially prevailed on all of the claims or defenses at the arbitration, then the arbitrator shall award to the substantially prevailing party reasonable costs and attorney fees incurred in the arbitration. Costs awarded shall not
include fees paid to the arbitrator or to experts retained in connection with the arbitration. 
  
 13. Entire Agreement. This Agreement supersedes any other agreement or understanding between the parties hereto with respect to the issues that are the subject matter of this Agreement. 
  
 14. Effective Date. This Agreement shall become effective as of the
date set forth above. If this letter sets forth our agreement on the subject matter hereof, kindly sign and return to the Corporation the enclosed copy of this letter which will then constitute our agreement on this subject. 
  

			
	Sincerely,
	
	FISHER COMMUNICATIONS, INC.
		
	By	 	 /s/ Benjamin W. Tucker Jr.

	 	 	Benjamin W. Tucker Jr.
	 	 	Acting President and Chief Executive Officer

  
 Agreed to this 16th day of June,
2005 
  

			
	By	 	 /s/ Robert C. Bateman

	 	 	ROBERT BATEMANSecured Promissory Note issued by Digital Lightwave, Inc

 Exhibit 10.1 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN
OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE APPLICABLE SECURITIES LAWS OF ANY STATE. 
  
 SECURED PROMISSORY NOTE 
  

			
	$425,000.00	 	 June 15, 2005
 Clearwater, Florida

  
 For value received,
Digital Lightwave, Inc., a Delaware corporation (the “Company”), promises to pay to Optel Capital, LLC, a Delaware limited liability company (the “Holder”), or its registered assigns, the principal sum of Four
Hundred Twenty Five Thousand Dollars ($425,000.00). Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal to 10.0% per annum, compounded annually. The interest rate shall be computed on the basis of the
actual number of days elapsed and a year of 360 days. This Note is subject to the following terms and conditions. 
  
 1. Maturity. 
  
 (a) Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after September 30, 2005.

  
 (b) Notwithstanding the foregoing, the entire unpaid principal
sum of this Note, together with accrued and unpaid interest thereon, shall become immediately due and payable upon demand by the Holder at any time on or following the occurrence of any of the following events: 
  
 (i) the sale of all or substantially all of the Company’s assets, or
any merger or consolidation of the Company with or into another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares of capital stock of the Company outstanding immediately prior to such transaction
continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of the total voting power represented by the voting securities of the Company, or such
surviving entity, outstanding immediately after such transaction; 
  
 (ii) the inability of the Company to pay its debts as they become due; 

 (iii) the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for
all or any material part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding by the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any
jurisdiction, now or in the future in effect; 
  
 (iv) the
execution by the Company of a general assignment for the benefit of creditors; 
  
 (v) the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any jurisdiction, now or in the future in effect, which is not
cured by the dismissal thereof within ninety (90) days after the date commenced; or 
  
 (vi) the appointment of a receiver or trustee to take possession of the property or assets of the Company. 
  
 2. Payment; Prepayment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may
from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty. 

 
 3. Transfer; Successors and Assigns. The terms and
conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be transferred only upon surrender of the original Note for registration of transfer, duly endorsed,
or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal amount and accrued interest will be issued to, and registered in the name of, the transferee. Interest
and principal are payable only to the registered holder of this Note. 
  
 4. Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Florida,
without giving effect to principles of conflicts of law. 
  
 5.
Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48 hours after
being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be notified at such party’s address or facsimile number as set forth below or as subsequently modified by written
notice. 
  
 6. Amendments and Waivers. Any term of
this Note may be amended only with the written consent of the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and each transferee of this Note.

  

 -2- 

 7. Officers and Directors Not Liable. In no event shall any officer or director of the
Company be liable for any amounts due or payable pursuant to this Note. 
  
 8. Security Interest. This Note is secured by all of the assets of the Company in accordance with the Twenty Second Amended and Restated Security Agreement by and between the Company and the Holder dated as of September 16,
2004 (the “Security Agreement”). In case of an Event of Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement. 
  
 9. Counterparts. This Note may be executed in any number of
counterparts, each of which will be deemed to be an original and all of which together will constitute a single agreement. 
  
 10. Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses,
including reasonable attorney’s fees, incurred in connection with such action. 
  
 11. Loss of Note. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the
Company (in case of loss, theft or destruction) or surrender and cancellation of such Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor. 
  
 [Remainder of this page intentionally left blank.] 
  

 -3- 

 This Note was entered into as of the date set forth above. 
  

			
	COMPANY:
	
	DIGITAL LIGHTWAVE, INC.
		
	By:	 	 /s/ Robert F. Hussey

	 	 	Robert F. Hussey
	 	 	Interim President and Chief Executive Officer

  

			
	AGREED TO AND ACCEPTED:
	
	OPTEL CAPITAL, LLC
		
	By:	 	 /s/ Paul Ragaini

	Name:	 	Paul Ragaini
	 	 	    (print)
	Title:	 	Chief Financial Officer

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