Document:

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                                                                   Exhibit 10.23

April 19, 2002

Mr. Bruce Horn

OFFER OF EMPLOYMENT

Dear Bruce:

Avanex is pleased to confirm our offer of employment for the position of Chief
Financial Officer. This is an exempt position of considerable responsibility,
integral to our continued business development and success.

The specifics of this offer are as follows:

Start Date: Your employment will commence immediately upon the closing of the
transaction under which Oplink Communications, Inc. ("Oplink") will become a
wholly owned subsidiary of Avanex (the "Merger"). Until that time, you will
remain an employee of Oplink. If the Merger does not actually occur, you will
not become an employee of Avanex and you will not be entitled to the benefits
and compensation described in this letter.

Work Location: Your primary place of work will be our headquarters offices in
Fremont, CA. You also will be expected to travel for business reasons from time
to time as befits your position at Avanex. Avanex will reimburse costs of such
travel in accordance with its standard policies in effect at the time.

Reporting:  You will report to Avanex's Chief Executive Officer.

Compensation: You will be compensated at a bi-weekly rate of $8,654.00, paid
every other Friday, in accordance with Avanex's normal payroll procedures. (This
represents an equivalent annual rate of pay of $225,000.00.)

Stock Options: As you know, as part of the Merger, Avanex will assume your
Oplink stock options that remain outstanding on the closing of the Merger.
Avanex and Oplink will arrange for vesting of your unexpired, unvested Oplink
stock options as follows.

<PAGE>

Offer of Employment
05/23/02
Page 2

     1.   With respect to any Oplink options that were granted to you within 12
          months before the closing of the Merger, upon the Merger you will be
          entitled to immediate vesting of a fraction of the shares covered by
          each such option. The fraction will equal the number of whole months
          since the grant of the respective options, divided by 48.

     2.   With respect to any Oplink options that were granted to you more than
          12 months before the closing of the Merger and any options which
          remain unvested after application of the preceding paragraph, upon the
          Merger you will be entitled to immediate vesting of 50% of the
          unvested shares covered by each such option. The 50% accelerated
          vesting will apply to each tranche of unvested shares. The remaining
          50% of each tranche will continue to vest at the same percentage rate
          in accordance with the original vesting schedule (but of course will
          represent an adjusted number of Avanex shares, as provided in the
          Merger agreement).

As an executive of Avanex, you will be eligible to be granted options to
purchase shares of common stock of Avanex pursuant to the Company's 1998 Stock
Plan. The terms and conditions of any such options will be determined in the
discretion of Avanex's Board of Directors as provided in the 1998 Stock Plan.
However, the acceleration of vesting and post-termination of employment periods
of exercisability of any such options will be substantially comparable to those
that are contained in the standard form of option agreement generally applicable
to Avanex's other senior executives.

Benefits: As an executive of Avanex, you will be eligible to participate in the
company's Employee Benefits Program, the details of which will be described at
your orientation meeting with Human Resources. Avanex reserves the right to
cancel or change its benefit plans and programs at any time and for any reason,
but your participation in the plans as they exist from time to time will be on
the same terms and conditions as other executives of Avanex.

In addition, you will be entitled to participate in any severance and/or
retention plan for executive officers that Avanex adopts in connection with the
Merger or otherwise. Your participation will be at a level commensurate with
your position as CFO. If you terminate employment and qualify for benefits under
any such program, then to the extent you are entitled to accelerated vesting of
options, the accelerated vesting also will apply to any then unexpired options
that were granted to you by Oplink and assumed by Avanex.

If your employment with Avanex is terminated as the result of an involuntary
termination or by Avanex other than for cause, any then unexpired, unvested
options that were granted to you by Oplink and assumed by Avanex will
immediately vest and you will have up to twenty-four (24)

<PAGE>

Offer of Employment
05/23/02
Page 3

months to exercise any then unexpired options that were granted to you by Oplink
and assumed by Avanex. (However, in no event may you exercise your options after
the term/expiration date of your option.) Notwithstanding anything to the
contrary, your options will be assumed by (or a substitute option provided by)
any successor company if any option held by an employee or officer of Avanex is
assumed by (or substituted for by) the successor company.

For this purpose, an involuntary termination means (1) without your express
written consent, the significant reduction of your duties or responsibilities
relative to your duties or responsibilities in effect immediately prior to such
reduction; provided, however, that a reduction in duties or responsibilities
solely by virtue of Avanex being acquired and made part of a larger entity (as,
for example, when the Chief Financial Officer of Avanex remains as such
following a change of control and is not made the Chief Financial Officer of the
acquiring corporation) shall not constitute an involuntary termination; (2)
without your express written consent, a substantial reduction, without good
business reasons, of the facilities and perquisites (including office space and
location) available to you immediately prior to such reduction; (3) without your
express written consent, a material reduction by Avanex in your base
compensation as in effect immediately prior to such reduction, or your
ineligibility to continue to participate in any long-term incentive plan of
Avanex; (4) a material reduction by Avanex in the kind or level of employee
benefits to which you are entitled immediately prior to such reduction with the
result that your overall benefits package is significantly reduced; (5) your
relocation to a facility or a location more than 50 miles from your then present
location, without your express written consent; (6) any purported termination of
your employment by Avanex which is not effected for death or disability or for
cause, or any purported termination for which the grounds relied upon are not
valid; or (7) the failure of Avanex to obtain the assumption of the obligations
under this letter by any of its successors.

For this purpose, cause means (1) any act of personal dishonesty taken by you in
connection with your responsibilities as an employee and intended to result in
your substantial personal enrichment, (2) your conviction of a felony that is
injurious to Avanex, or (3) a willful act by you that constitutes gross
misconduct and which is injurious to Avanex.

Existing Oplink Agreements: You agree to waive and forego all change of control
and termination of employment payments and benefits to which you otherwise are
entitled under your Oplink employment offer letter dated April 10, 2000 and your
Oplink Executive Change of Control Agreement dated April 5, 2001.

<PAGE>

Offer of Employment
05/23/02
Page 4

At-Will Employment: You should be aware that your employment with Avanex is for
no specified period and constitutes at-will employment. As a result, you are
free to resign at any time, for any reason or for no reason. Similarly, Avanex
is free to conclude its employment relationship with you at any time, with or
without cause, and with or without notice. You understand and agree that neither
your job performance nor promotions, commendations, bonuses or the like from
Avanex give rise to or in any way serve as the basis for modification,
amendment, or extension, by implication or otherwise, of your employment with
Avanex.

Conflict of Interest: You agree that, during the term of your employment with
Avanex Corporation, you will not engage in any other employment, occupation,
consulting or other business activity directly related to the business in which
Avanex Corporation, is now involved or becomes involved during the term of your
employment, nor will you engage in any other activities that conflict with your
obligations to Avanex Corporation.

Employment, Confidential Information, and Invention Assignment Agreement: As a
condition of your employment with Avanex, you must sign and comply with an
Employment, Confidential Information, and Invention Assignment Agreement which
requires, among other provisions, the assignment of patent rights to any
invention made during your employment at Avanex and non-disclosure of
proprietary information.

Arbitration Agreement: In the event of any dispute or controversy arising out
of, relating to, or in connection with your employment, it is the Company's
policy that all such disputes shall be settled by arbitration held in Alameda
County, California. As a condition of your employment with Avanex, you must sign
an Arbitration Agreement prior to beginning employment with the Company.

General: This offer is made contingent upon your ability to provide proof of
identification and authorization to work in the United States, in accordance
with the Immigration and Control Act of 1986.

This letter, along with the other aforementioned employment-related agreement,
set forth the terms of your employment with Avanex Corporation and supersedes
any prior representations or agreements, whether written or oral. This letter
may not be modified or amended except by written agreement, signed by an
authorized representative of Avanex Corporation and by you.

To indicate your acceptance, please sign and date this letter in the space
provided below and return it to Margaret Quinn in Human Resources. A duplicate
original is enclosed for your records.

<PAGE>

Offer of Employment
05/23/02
Page 5

Bruce, it is a pleasure extending this offer to you. We sincerely feel that
Avanex can provide you with the opportunity to achieve rewarding results for
both you and the company, and we look forward to your contributions.

Sincerely,

Paul Engle
President and Chief Executive Officer
Avanex

            /s/ Bruce Horn
Accepted:   ______________________________________________  Date:  _____________<PAGE>

                                                                   EXHIBIT 10.24

                                    AGREEMENT

          This Agreement (the "Agreement") is made by and between Avanex
Corporation, a Delaware corporation, ("Avanex") and Frederick R. Fromm ("you").

                                    Recitals
                                    --------

          Avanex, Pearl Acquisition Corp., a Delaware corporation and
wholly-owned subsidiary of Avanex ("Merger Sub") and Oplink Communications,
Inc., a Delaware corporation ("Oplink") have entered into an Agreement and Plan
of Reorganization dated March 18, 2002 (the "Merger Agreement") which provides
for the merger of Merger Sub with and into Oplink (the "Merger").

          You have been employed by Oplink and possess intimate knowledge of the
business and affairs of Oplink's business, its policies, methods and certain key
personnel.

          Avanex and you recognize that the continued application of your
experience, abilities and services to the business of Avanex and its
subsidiaries after the Merger would be extremely beneficial to Avanex.

          Subject to the provisions hereof, Avanex wishes to be assured that you
will be available to consult with Avanex and that you will be restricted from
disclosing certain information concerning Avanex and its subsidiaries.

                                    Agreement
                                    ---------

          For good and valuable consideration, the receipt and sufficiency of
which are acknowledged, Avanex and you agree as follows.

          1.   Effectiveness. This Agreement shall become effective at the
               -------------
Effective Time (as defined in the Merger Agreement) of the Merger.

          2.   Termination of Employment with Oplink. Your employment with
               -------------------------------------
Oplink as President and CEO shall terminate immediately prior to the Effective
Time (the "Termination Date"). Avanex acknowledges and agrees that you shall be
entitled to (1) the acceleration of all unvested Oplink options, as contemplated
by Section 3(e)(2)(B) of your November 2001 Employment Agreement by and between
you and Oplink (the "Employment Agreement"), (2) the severance payments
contemplated by Section 3(f) of your Employment Agreement with payment in
accordance with the terms of your Employment Agreement, (3) the payments and
benefits provided pursuant to your April 2001 Executive Change of Control
Agreement by and between you and Oplink (the "Change of Control Agreement"), and
(4) the ability to exercise any outstanding options granted by Oplink until the
later of (a) five years from the Effective Time, or (b) two years after
termination of your service on the board of directors of Oplink or Avanex (but
in no event later than the normal expiration date for such options), as approved
by the board of directors of Oplink on March 18, 2002.

<PAGE>

          In addition, if you are eligible for and timely elect group health
continuation coverage pursuant to the Consolidated Omnibus Reconciliation Act of
1985, as amended ("COBRA"), Avanex will reimburse you for your COBRA premiums to
the extent such COBRA premiums exceed your share of premium costs for such
coverage as in effect on the Termination Date until the earlier of eighteen (18)
months from the Termination Date, or the date you are no longer eligible to
receive continuation coverage pursuant to COBRA.

          3.   Member of the Board. Following the Effective Time, you will serve
               -------------------
as a member of the Board of Directors of Avanex (the "Board") for such period of
time as determined by the Board and/or stockholders. You agree and acknowledge
that your continued service as a member of the Board will be subject to any
required Board and stockholder approval.

          4.   Consultancy.
               -----------

               (a)  Consulting Term. Avanex agrees to retain you and you agree
                    ---------------
to serve Avanex for a period beginning at the Effective Time until the date
which is six months from the Effective Time (the "Initial Term"), or until such
later date as agreed to by the President and Chief Executive Officer of Avanex
and you within the Initial Term (said Initial Term and any continuation thereof
referred to as the "Consulting Term").

               (b)  Duties; Supervision. You will provide consulting services to
                    -------------------
Avanex as assigned by the President and Chief Executive Officer of Avanex. You
will report to the President and Chief Executive Officer with respect to your
services hereunder and shall be subject to the President and Chief Executive
Officer's sole supervision. Your assignments will be made by the President and
Chief Executive Officer and will be commensurate in status to the services
typically provided by a senior officer of Avanex.

               (c)  Compensation
                    ------------

                    (i)   Fee. Avanex will pay you a fee at the monthly rate of
                          ---
$29,167.00 during the Consulting Term in equal semi-monthly installments.

                    (ii)  Living Expenses. Avanex will pay you a monthly living
                          ---------------
expense of up to $8,000 per month, payable in equal semi-monthly installments
during the Consulting Term.

                    (iii) Expenses. Avanex shall pay directly or reimburse you
                          --------
for the reasonable amount of expenses necessarily incurred by you in the
discharge of your duties hereunder upon submission and approval of written
statements and bills in accordance with the then regular procedures and
standards of Avanex for reimbursement of expenses.

          5.   Confidential Information. You agree that during the
               ------------------------
Consulting Term and thereafter, you will not, without the prior written consent
of the Board, (i) use for your benefit or disclose to any person, any
information obtained or developed by you while in the employ of Avanex with
respect to any aspect of Avanex's business (including, without limitation,
information with respect to any customers, suppliers, employees, financial
affairs or methods of design, distribution, procurement or production, of Avanex
or any of its subsidiaries, or any other

                                        2

<PAGE>

confidential matter), except information which at the time is available to
others in the business or generally known to the public other than as a result
of disclosure by you not permitted hereunder, or (ii) take with you upon
termination of the Consulting Term, any document or paper relating to any of the
foregoing or any property of Avanex (or any of its subsidiaries).

          6.   Release of Claims. You agree that the foregoing consideration
               -----------------
represents settlement in full of all outstanding obligations owed to you by
Avanex and its subsidiaries and the officers, managers, supervisors, agents and
employees thereof. You, on your own behalf, and on behalf of your respective
heirs, family members, executors, agents, and assigns, hereby fully and forever
releases the Avanex and its officers, directors, employees, agents, investors,
shareholders, administrators, affiliates, divisions, subsidiaries, predecessor
and successor corporations, and assigns, from, and agree not to sue concerning,
any claim, duty, obligation or cause of action relating to any matters of any
kind, whether presently known or unknown, suspected or unsuspected, that you may
possess arising from any omissions, acts or facts that have occurred up until
and including the effective date of this Agreement including, without
limitation:

               (a)  any and all claims relating to or arising from your
employment relationship with Oplink and the termination of that relationship;

               (b)  any and all claims relating to, or arising from, your right
to purchase, or actual purchase of shares of stock of Oplink or Avanex,
including, without limitation, any claims for fraud, misrepresentation, breach
of fiduciary duty, breach of duty under applicable state corporate law, and
securities fraud under any state or federal law;

               (c)  any and all claims under the law of any jurisdiction
including, but not limited to, wrongful discharge of employment; constructive
discharge from employment; termination in violation of public policy;
discrimination; breach of contract, both express and implied; breach of a
covenant of good faith and fair dealing, both express and implied; promissory
estoppel; negligent or intentional infliction of emotional distress; negligent
or intentional misrepresentation; negligent or intentional interference with
contract or prospective economic advantage; unfair business practices;
defamation; libel; slander; negligence; personal injury; assault; battery;
invasion of privacy; false imprisonment; and conversion;

               (d)  any and all claims for violation of any federal, state or
municipal statute, including, but not limited to, Title VII of the Civil Rights
Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment
Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor
Standards Act, the Employee Retirement Income Security Act of 1974, The Worker
Adjustment and Retraining Notification Act, Older Workers Benefit Protection
Act; the California Fair Employment and Housing Act, and the California Labor
Code.;

               (e)  any and all claims for violation of the federal, or any
state, constitution;

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<PAGE>

               (f)  any and all claims arising out of any other laws and
regulations relating to employment or employment discrimination;

               (g)  any claim for any loss, cost, damage, or expense arising out
of any dispute over the non-withholding or other tax treatment of any of the
proceeds received by you as a result of this Agreement; and

               (h)  any and all claims for attorneys' fees and costs.

          Avanex and you agree that the release set forth in this section shall
be and remain in effect in all respects as a complete general release as to the
matters released. This release does not extend to any obligations incurred under
this Agreement.

          7.   Acknowledgement of Waiver of Claims Under ADEA. You acknowledge
               ----------------------------------------------
that you are waiving and releasing any rights you may have under the Age
Discrimination in Employment Act of 1967 ("ADEA") and that this waiver and
release is knowing and voluntary. You and Avanex agree that this waiver and
release does not apply to any rights or claims that may arise under ADEA after
the effective date of this Agreement. You acknowledge that the consideration
given for this waiver and release Agreement is in addition to anything of value
to which you were already entitled. You further acknowledge that you have been
advised by this writing that

          (a)  you should consult with an attorney prior to executing this
Agreement;

          (b)  you have up to twenty-one (21) days within which to consider this
Agreement;

          (c)  you have seven (7) days following your execution of this
Agreement to revoke this Agreement;

          (d)  this Agreement shall not be effective until the revocation period
has expired; and,

          (e)  nothing in this Agreement prevents or precludes you from
challenging or seeking a determination in good faith of the validity of this
waiver under the ADEA, nor does it impose any condition precedent, penalties or
costs for doing so, unless specifically authorized by federal law.

          8.   Civil Code Section 1542. The parties represent that they are not
               -----------------------
aware of any claim by either of them other than the claims that are released by
this Agreement. You acknowledge that you had the opportunity to seek the advice
of legal counsel and are familiar with the provisions of California Civil Code
Section 1542, which provides as follows:

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<PAGE>

         A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
         THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS
         FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
         KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
         SETTLEMENT WITH THE DEBTOR.

         You, being aware of said code section, agrees to expressly waive any
rights you may have thereunder, as well as under any other statute or common law
principles of similar effect.

               9.  No Pending or Future Lawsuits. You represent that you have no
                   -----------------------------
lawsuits, claims, or actions pending in his/her name, or on behalf of any other
person or entity, against Avanex or any other person or entity referred to
herein. You also represent that you do not intend to bring any claims on your
own behalf or on behalf of any other person or entity against Avanex or any
other person or entity referred to herein.

               10. Status as Independent Contractor. As an independent
                   --------------------------------
contractor, you will not be eligible to participate or receive benefits under
any of Avanex's employee benefit plans, arrangements, or policies (except for
your right to continued health coverage under COBRA as a former employee of
Oplink).

               11. Non-Solicitation. You agree that during the Consulting Term
                   ----------------
and for a period of twelve months thereafter, you shall not either directly or
indirectly solicit, induce, recruit or encourage any of Avanex's employees to
leave their employment, or take away such employees, or attempt to solicit,
induce, recruit, encourage, take away or hire employees of Avanex, either for
yourself or any other person or entity.

               12. Costs. The parties shall each bear their own costs, expert
                   -----
fees, attorneys' fees and other fees incurred in connection with this Agreement.

               13. Indemnification by You. You agree to indemnify and hold
                   ----------------------
harmless Avanex from and against any and all loss, costs, damages or expenses,
including, without limitation, attorneys' fees or expenses incurred by Avanex
arising out of the breach of this Agreement by you, or from any false
representation made herein by you, or from any action or proceeding which may be
commenced, prosecuted or threatened by you or for your benefit, upon your
initiative, or with your aid or approval, contrary to the provisions of this
Agreement. You further agree that in any such action or proceeding, this
Agreement may be pled by Avanex as a complete defense, or may be asserted by way
of counterclaim or cross-claim.

               14. Indemnification by Avanex. Avanex will indemnify and hold you
                   -------------------------
harmless in respect of any liability, damage, amount paid in settlement, cost or
expense (including reasonable counsel fees) incurred in connection with any
threatened, pending or completed claim, action, suit, proceeding or
investigation (whether civil, criminal or administrative) by any person other
than Avanex to which you are or were a party, or threatened to be made a party,
by reason of you being or having been an officer, director, employee or
consultant of Oplink or Avanex to the full extent permitted by the Certificate
of Incorporation or Bylaws of Avanex or by applicable law.

                                        5

<PAGE>

               15. Arbitration. The parties agree that any and all disputes
                   -----------
arising out of, or relating to, the terms of this Agreement, their
interpretation, and any of the matters herein released, shall be subject to
binding arbitration in Alameda County before the American Arbitration
Association under its National Rules for the Resolution of Employment Disputes.
The parties agree that the prevailing party in any arbitration shall be entitled
to injunctive relief in any court of competent jurisdiction to enforce the
arbitration award. The parties agree that the prevailing party in any
arbitration shall be awarded its reasonable attorneys' fees and costs. The
parties hereby agree to waive their right to have any dispute between them
resolved in a court of law by a judge or jury. This section will not prevent
either party from seeking injunctive relief (or any other provisional remedy)
from any court having jurisdiction over the parties and the subject matter of
their dispute relating to your obligations under this Agreement and the
agreements incorporated herein by reference.

               16. No Representations. Each party represents that it has had the
                   ------------------
opportunity to consult with an attorney, and has carefully read and understands
the scope and effect of the provisions of this Agreement. Neither party has
relied upon any representations or statements made by the other party hereto
which are not specifically set forth in this Agreement.

               17. Severability. In the event that any provision hereof becomes
                   ------------
or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement shall continue in full force and effect without said
provision so long as the remaining provisions remain intelligible and continue
to reflect the original intent of the parties.

               18. Entire Agreement. This Agreement represents the entire
                   ----------------
agreement and understanding between Avanex and you concerning the subject matter
of this Agreement and your relationship with Avanex and its subsidiaries, and
supersedes and replaces any and all prior agreements and understandings between
the parties concerning the subject matter of this Agreement and your
relationship with Avanex, with the exception of your Employment Agreement by and
between you and Oplink and your Change of Control Agreement by and between you
and Oplink.

               19. No Waiver. The failure of any party to insist upon the
                   ---------
performance of any of the terms and conditions in this Agreement, or the failure
to prosecute any breach of any of the terms and conditions of this Agreement,
shall not be construed thereafter as a waiver of any such terms or conditions.

               20. No Oral Modification. This Agreement may be amended only in
                   --------------------
writing signed by both parties or by authorized representatives of each party.

               21. Governing Law. This Agreement shall be governed by the
                   -------------
internal substantive laws, but not the choice of law rules, of the State of
California.

               22. Attorneys' Fees. In the event that either party brings an
                   ---------------
action to enforce or effect its rights under this Agreement, the prevailing
party shall be entitled to recover its costs and expenses, including the costs
of mediation, arbitration, litigation, court fees, plus reasonable attorneys'
fees, incurred in connection with such an action.

                                        6

<PAGE>

               23. Voluntary Execution of Agreement. This Agreement is executed
                   --------------------------------
voluntarily and without any duress or undue influence on the part or behalf of
the parties hereto, with the full intent of releasing all claims. The parties
acknowledge that:

               (a) They have read this Agreement;

               (b) They have been represented in the preparation, negotiation,
and execution of this Agreement by legal counsel of their own choice or that
they have voluntarily declined to seek such counsel;

               (c) They understand the terms and consequences of this Agreement
and of the releases it contains; and

               (d) They are fully aware of the legal and binding effect of this
Agreement.

               24. Withholding. Avanex is authorized to withhold, or cause to be
                   -----------
withheld, from any payment or benefit under this Agreement the full amount of
any applicable withholding taxes.

               25. Assignment. This Agreement will be binding upon and inure to
                   ----------
the benefit of (a) your heirs, executors and legal representatives of upon your
death and (b) any successor of Avanex. Any such successor of Avanex will be
deemed substituted for Avanex under the terms of this Agreement for all
purposes. For this purpose, "successor" means any person, firm, corporation or
other business entity which at any time, whether by purchase, merger or
otherwise, directly or indirectly acquires all or substantially all of the
assets or business of Avanex. None of your rights to receive any form of
compensation payable pursuant to this Agreement may be assigned or transferred
except by will or the laws of descent and distribution. Any other attempted
assignment, transfer, conveyance or other disposition of your right to
compensation or other benefits will be null and void.

               26. Counterparts. This Agreement may be executed in counterparts,
                   ------------
and each counterpart shall have the same force and effect as an original and
shall constitute an effective, binding agreement on the part of each of the
undersigned.

                                        7

<PAGE>

               IN WITNESS WHEREOF, the parties hereto have signed their names as
of the day and year first above written.

Frederick R. Fromm

_____________________________
Frederick R. Fromm

Date: _______________________

Avanex Corporation

By __________________________

Title:_______________________

Date:________________________

                                        8

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