Document:

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                                                                  Exhibit 10.48

                               AMENDMENT NO. 3 TO
                          LOAN AND SECURITY AGREEMENT

         THIS AMENDMENT NO. 3 TO LOAN AND SECURITY AGREEMENT ("Amendment") is
dated as of July 15, 1999 and is entered into by and between Bank of America
National Trust and Savings Association ("Lender") and Paradyne Corporation
("Borrower"). All capitalized terms used herein but not otherwise defined shall
have the meanings ascribed to them in the Agreement (as hereinafter defined).

                                   WITNESSETH

         WHEREAS, the Borrower and the Lender have entered into that certain
Loan and Security Agreement dated as of July 31, 1996, as amended and
supplemented (the "Agreement"); and

         WHEREAS, the Borrower desires to amend the Agreement and the Lender is
willing to do so, subject to the terms and conditions stated herein;

         NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the Borrower and Lender hereby agree as follows:

         SECTION 1. Amendment to the Agreement. The Lender and Borrower agree
that the Agreement shall be amended as follows:

                  A.       Amendments to Section 1.1: Definitions. Section 1.1
         of the Agreement is amended by adding the following definitions in the
         appropriate alphabetical order:

                  "'Change of Control' means (a) the direct or indirect
acquisition by any person (as such term is used in Section 13(d) and Section
14(d)(2) of the Exchange Act), or related persons constituting a group (as such
term is used in Rule 13d-5 under the Exchange Act), of:

                  (i)      beneficial ownership of issued and outstanding
         shares of voting stock of the Borrower, the result of which
         acquisition is that such person or such group possesses in excess of
         30% of the combined voting power of all then-issued and outstanding
         voting stock of the Borrower, or

                  (ii)     the power to elect, appoint or cause the election or
         appointment of at least a majority of the members of the Board of
         Directors of the Borrower.

                  provided however, that for purposes of this definition, a
person shall not include (a) Paradyne Networks, Inc. or any affiliate or direct
or indirect subsidiary thereof or (b) any of the General and Limited Partners
of Communications Partners, L.P. or any affiliate of or entity associated with
such General or Limited Partners."

                  "'Exchange Act' means the Securities Exchange Act of 1934,
and regulations promulgated thereunder."

                  B.       Amendment to Section 12. Section 12(o) of the
         Agreement is amended in its entirety to read as

           follows:

                  "(o)     there occurs a Change of Control;"

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<PAGE>   2

                  C.       Amendment to Name of Lender. Effective as of April
         1, 1999, Bank of America National Trust and Savings Association became
         the successor-in-interest to BankAmerica Business Credit, Inc. All
         references in the Agreement and in each Loan Document to "BankAmerica
         Business Credit, Inc." or "BABC" are now amended to refer to "Bank of
         America National Trust and Savings Association" which is the "Lender"
         under the Agreement and the other Loan Documents.

SECTION 2.       Consents. The Lender hereby consents to the following:

                  The non-cash dividend in the amount of approximately $350,000
by the Borrower to Globespan, Inc. which was caused by the sale of certain
equipment by the Borrower to Globespan, Inc.

SECTION 3.Conditions.      The effectiveness of this Amendment is subject to
the satisfaction of the following conditions precedent:

                  A.       Amendment. Fully executed copies of this Amendment
         signed by the Borrower and a ratification signed by the Guarantor
         shall be delivered to Lender.

                  B.       Resolution. A certificate executed by the Secretary
         or Assistant Secretary of Borrower certifying that the Borrower's
         Board of Directors has adopted resolutions authorizing the execution,
         delivery and performance by Borrower of the Amendment shall be
         delivered to Lender.

                  C.       Other Documents. Borrower shall have executed and
         delivered to Lender such other documents and instruments as Lender may
         require.

SECTION 4.        Miscellaneous.

                  A.       Survival of Representations and Warranties. All
         representations and warranties made in the Agreement or any other
         document or documents relating thereto, including, without limitation,
         any Loan Document furnished in connection with this Amendment, shall
         survive the execution and delivery of this Amendment and the other
         Loan Documents, and no investigation by Lender or any closing shall
         affect the representations and warranties or the right of Lender to
         rely thereon.

                  B.       Reference to Agreement. The Agreement, each of the
         Loan Documents, and any and all other agreements, documents or
         instruments now or hereafter executed and delivered pursuant to the
         terms hereof, or pursuant to the terms of the Agreement as amended
         hereby, are hereby amended so that any reference therein to the
         Agreement shall mean a reference to the Agreement as amended hereby.

                  C.       Agreement Remains in Effect. The Agreement and the
         Loan Documents remain in full force and effect and the Borrower
         ratifies and confirms its agreements and covenants contained therein.
         The Borrower hereby confirms that, after giving effect to this
         Amendment, no Event of Default or Default exists as of such date.

                  D.       Severability. Any provision of this Amendment held
         by a court of competent jurisdiction to be invalid or unenforceable
         shall not impair or invalidate the remainder of this

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         Amendment and the effect thereof shall be confined to the provision so
         held to be invalid or unenforceable.

                  E.       APPLICABLE LAW. THIS AMENDMENT AND ALL OTHER LOAN
         DOCUMENTS EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE
         AND TO BE PERFORMABLE IN THE STATE OF CALIFORNIA AND SHALL BE GOVERNED
         BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
         CALIFORNIA.

                  F.       Successors and Assigns. This Amendment is binding
         upon and shall inure to the benefit of Lender and Borrower and their
         respective successors and assigns; provided, however, that Borrower
         may not assign or transfer any of its rights or obligations hereunder
         without the prior written consent of Lender.

                  G.       Counterparts. This Amendment may be executed in one
         or more counterparts, each of which when so executed shall be deemed
         to be an original, but all of which when taken together shall
         constitute one and the same instrument.

                  H.       Headings. The headings, captions and arrangements
         used in this Amendment are for convenience only and shall not affect
         the interpretation of this Amendment.

                  I.       NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH
         THE OTHER LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT
         BETWEEN LENDER AND BORROWER AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
         PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
         THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN LENDER AND BORROWER.

         IN WITNESS WHEREOF, the parties have executed this Amendment under
seal on the date first written above.

                                      PARADYNE CORPORATION

                                      By: /s/ James Slattery
                                         --------------------------------------
                                      Name:   James Slattery
                                      Title:  Senior Vice President

                                      BANK OF AMERICA NATIONAL TRUST AND
                                      SAVINGS ASSOCIATION

                                      By: /s/ Gary Whitaker
                                         --------------------------------------
                                      Name:   Gary Whitaker
                                      Title:  Vice President

                                     - 3 -
<PAGE>   4

                          CONSENTS AND REAFFIRMATIONS

         The undersigned hereby consents to the terms and conditions of that
Amendment No. 3 to Loan and Security Agreement dated as of July 15, 1999,
between Paradyne Corporation and Bank of America National Trust and Savings
Association ("Creditor") and reaffirms its obligations under a Guaranty dated
as of July 31, 1996 (the "Guaranty") made by the undersigned in favor of the
Creditor and acknowledges and agrees that the Guaranty remains in full force
and effect.

         Dated as of July 15, 1999.

                                      PARADYNE CANADA, LTD.

                                      By: /s/ James Slattery
                                         --------------------------------------
                                      Name:   James Slattery
                                      Title:  Senior Vice President

                                     - 4 -
<PAGE>   5

                              PARADYNE CORPORATION

                            SECRETARY'S CERTIFICATE

         The undersigned, Secretary of Paradyne Corporation, a corporation
organized under the laws of the state of Delaware, hereby certifies that by
action of the Board or Directors of Paradyne Corporation, the following
resolutions were adopted by unanimous written consent of all of the Directors
of the Company. Said resolutions were adopted as of July 16, 1999 and remain in
full force and effect as of the date of this certificate.

                  NOW, THEREFORE, BE IT RESOLVED, that this Company shall enter
         into an Amendment No. 3 to its Loan and Security Agreement with Bank
         of America National Trust and Savings Association, and

                  RESOLVED FURTHER, that the officers of the Company be, and
         each of them hereby is, authorized and directed to execute and deliver
         on behalf of this Company such amendments and documents and to perform
         such acts and make such filings as may be deemed necessary or
         advisable to implement the foregoing resolution.

         IN WITNESS WHEREOF, I have hereunto set my hand and seal of said
Paradyne Corporation, this 16th day of July 1999.

                                         (ILLEGIBLE SIGNATURE)
                                        ---------------------------------------
(SEAL)                                  Secretary

                                     - 5 -<PAGE>   1
                                                                   Exhibit 10.49

                               AMENDMENT NO. 4 TO
                           LOAN AND SECURITY AGREEMENT

         THIS AMENDMENT NO. 4 TO LOAN AND SECURITY AGREEMENT ("Amendment") is
dated as of January 1, 2000 and is entered into by and between Bank of America,
N.A. ("Lender") (formerly known as Bank of America National Trust and Savings
Association which was the successor-in-interest to BankAmerica Business Credit,
Inc.) and Paradyne Corporation ("Borrower"). All capitalized terms used herein
but not otherwise defined shall have the meanings ascribed to them in the
Agreement (as hereinafter defined).

                                   WITNESSETH

         WHEREAS, the Borrower and the Lender have entered into that certain
Loan and Security Agreement dated as of July 31, 1996, as amended and
supplemented (the "Agreement"); and

         WHEREAS, the Borrower desires to amend the Agreement and the Lender is
willing to do so, subject to the terms and conditions stated herein;

         NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the Borrower and Lender hereby agree as follows:

         SECTION 1. Amendment to the Agreement. The Lender and Borrower agree
that the Agreement shall be amended as follows:

                  A. Amendment to Section 1. The definition of "Availability"
         contained in Section 1 of the Agreement is amended by deleting the
         words "Thirty-Five Million Dollars ($35,000,000)" and inserting in lieu
         thereof the words "Thirty Million Dollars ($30,000,000)".

                  B. Amendment to Section 1. The definition of "Stated
         Termination Date" contained in Section 1 of the Agreement is amended in
         its entirety to read as follows:

                     "Stated Termination Date' means January 31, 2001."

                  C. Amendment to Section 1. Section 1 of the Agreement is
         amended to add the following definitions:

                     "'Borrowing Base' means at any time the lesser of: (a) the
                  amount of Thirty Million Dollars ($30,000,000") or (b) the sum
                  of: (i) eighty-five percent (85%) of the Net Amount of
                  Eligible Accounts, and (ii) the least of: a) $6,000,000; b)
                  forty percent (40%) of the value of Eligible Inventory; and c)
                  the amount of the M&E Appraisal Less: (a) the Base Reserve
                  Amount; (b) the amount, if any, by which the Reserve
                  Calculation Amount exceeds eighty percent (80%) of the M&E
                  Appraisal; (c) the ACH Settlement Risk Reserve;

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<PAGE>   2

                  and (d) all other reserves which the Lender in its reasonable
                  discretion deems necessary or desirable to maintain with
                  respect to the Borrower's account, including, without
                  limitation, any amounts which the Lender may be obligated to
                  pay in the future for the account of the Borrower, and any tax
                  or other reserve relating to the Canadian Guaranty or any
                  Canadian Collateral.

                          "Revolver Outstandings means, at the time of
                  determination, the sum of the Revolving Loans outstanding and
                  the face amount of all issued and outstanding Letters of
                  Credit."

                  D. Amendment to Section 2. The first sentence of Section 2.1
         of the Agreement is amended to read as follows:

                          "Subject to all of the terms and conditions of this
                  Agreement, the Lender shall make available a total credit
                  facility of up to $30,000,000 (the "Total Facility") for
                  Borrower's use from time to time during the term of this
                  Agreement."

                  E. Amendment to Section 3. Section 3.3 of the Agreement is
         amended in its entirety to read as follows:

                          "Unused Line Fee. For every month during the term of
                  this Agreement, the Borrower shall pay the Lender a fee (the
                  "Unused Line Fee") in an amount equal to one-quarter of one
                  percent (0.25%) per annum multiplied by the average daily
                  amount by which $30,000,000 exceeded the sum of (a) the
                  average daily outstanding amount of Revolving Loans and (b)
                  the average daily undrawn face amount of all outstanding
                  Letters of Credit during such month, with the unpaid balance
                  of Revolving Loans calculated for this purpose by applying
                  payments immediately upon receipt. The Unused Line Fee, if
                  any, shall be calculated on the basis of a year of three
                  hundred sixty (360) days and actual days elapsed and shall be
                  payable to the Lender on the first day of each month with
                  respect to the prior month."

                  F. Amendment to Section 7. Section 7.2 of the Agreement is
         amended by deleting the amount "$100,000" which appears in the third
         sentence from the end of the section and inserting in lieu thereof the
         amount "$250,000".

                  G. Amendment to Section 7. The second sentence of Section
         7.3(b) of the Agreement is amended to read as follows:

                          "The Borrower covenants and agrees that neither it nor
                  Paradyne Canada will maintain any Collateral having a value in
                  excess of $250,000 in the aggregate or Canadian Collateral
                  having a value in excess of $250,000 in the aggregate at any
                  location other than those listed on Schedule 7.3, and neither
                  it nor Paradyne Canada will otherwise change or add to any of
                  such locations, unless the Borrower gives the Lender at least
                  30 days' prior written notice thereof and the Borrower or
                  Paradyne Canada executes any and all financing

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                  statements and other documents that the Lender requests in
                  connection therewith."

                  H. Amendment to Section 7. Section 7.5 of the Agreement is
         amended in its entirety to read as follows:

                          "Appraisals. Whenever a Default or Event of Default
                  exists, and at such other times (but not more frequently than
                  once a year) when the Revolver Outstandings at any time during
                  the prior 12 months exceeded $15,000,000, the Borrower shall,
                  and shall cause Paradyne Canada to, at the Borrower's expense
                  and upon the Lender's request, provide the Lender with
                  appraisals or updates thereof, including, without limitation,
                  M&E Appraisals, of any or all of the collateral and the
                  Canadian Collateral from an appraiser acceptable to the Lender
                  in its sole discretion."

                  I. Amendment to Section 7. The first sentence of Section 7.8
         of the Agreement is amended to read as follows:

                          "Collateral Reporting. The Borrower will provide the
                  Lender with, and will cause Paradyne Canada to provide the
                  Lender with, the following documents at the following times in
                  form satisfactory to the Lender: (a) (i) monthly in the event
                  the Revolver Outstandings are ever less than $10,000,000 and
                  the Revolver Outstandings are less than fifty percent (50%) of
                  the Borrowing Base, or (ii) twice a month in the event the
                  Revolver Outstandings are ever greater than $10,000,000 (but
                  not greater than $15,000,000) or the Revolver Outstandings
                  ever exceed fifty percent (50%) of the Borrowing Base, or
                  (iii) at all other times at least three times a week, the
                  following: a schedule of credit memos and reports, a schedule
                  of collections of accounts receivable, a schedule of Accounts
                  created since the last such schedule and a report of the
                  inventory balance (by location and major categories) based on
                  the perpetual inventory reports as of the latest fiscal month
                  end; (b) upon request, copies of invoices, credit memos,
                  shipping and delivery documents; (c) monthly agings of
                  accounts receivable no later than the 10th business day of the
                  following month; (d) monthly inventory reports by category no
                  later than the 10th business day of the following month; (e)
                  monthly agings of accounts payable no later than the 10th
                  business day of the following month; (f) upon request, copies
                  of purchase orders, invoices, and delivery documents for
                  Inventory and Equipment acquired by the Borrower; (g) such
                  other reports as to the Collateral and the Canadian Collateral
                  as the Lender shall request from time to time; and (h)
                  certificates of an officer of the Borrower or Paradyne Canada
                  certifying as to the foregoing."

                  J. Amendment to Section 7. Sections 7.9(b), 7.9(d) and 7.9(e)
         of the Agreement are amended by deleting the amount "$100,000" wherever
         it appears and inserting in lieu thereof the amount "$250,000".

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                  K. Amendment to Section 7. The fist, second, third and fourth
         sentences of Section 7.10 of the Agreement are deleted and in lieu
         thereof the following inserted:

                  "The Borrower shall immediately, upon receipt thereof, deposit
                  all proceeds of the Collateral (including all payments
                  received in connection with the Accounts) into a Payment
                  Account, which Payment Account shall be subject to the terms
                  of a blocked accounts agreement, on terms acceptable to
                  Lender, between the Borrower, the Lender and the bank. In the
                  event the Revolver Outstandings are at any time equal to or
                  greater than $15,000,000 or the Availability is less than
                  fifty percent (50%) of the Borrowing Base ("Triggering
                  Events"), the Borrower's right to withdraw funds from the
                  Payment Account shall terminate and only the Lender shall have
                  right to withdraw funds from the Payment Account. The Borrower
                  authorizes the Lender to notify the bank at which the Payment
                  Account is located upon the happening of a Triggering Event
                  that all funds deposited into the Payment Account are subject
                  solely to the direction of the Lender. In the event that
                  Availability is less than $2,000,000 or at any other time as
                  the Lender in its sole discretion shall determine, the
                  Borrower agrees, at the request of the Lender, to cause
                  Paradyne Canada to deliver all collection of Canadian
                  Collateral into a bank account subject to the terms of a
                  blocked account agreement acceptable to the Lender."

                  L. Amendment to Section 8. Section 8.2(c) of the Agreement is
         amended in its entirety to read as follows:

                          "(c) With each of the annual audited Financial
                  Statements delivered pursuant to Section 8.2(a) and each of
                  the unaudited Financial Statements delivered pursuant to
                  Section 8.2(b) at the end of the month succeeding the close of
                  each fiscal quarter, a certificate of the chief executive or
                  chief financial officer of the Borrower (i) stating that,
                  except as explained in reasonable detail in such certificate,
                  no Default or Event of Default then exists or existed during
                  the period covered by such Financial Statements and (ii) if
                  such certificate relates to annual audited Financial
                  Statements, describing and analyzing in reasonable detail all
                  material trends, changes and developments in such Financial
                  Statements, and (iii) if such certificate relates to a fiscal
                  month which is the last month of a fiscal quarter, setting
                  forth in reasonable detail the calculations required to
                  establish the Borrower's Fixed Charge Coverage Ratio during
                  such fiscal quarter. Notwithstanding the foregoing no
                  certificate shall be required for the first and third quarter
                  if the Revolver Outstandings were as of the end of such
                  quarter less than $15,000,000. In addition to the foregoing,
                  the certificate which is delivered in connection with the
                  annual audited Financial Statements and the fiscal quarter
                  ending on June 30 shall state that, except as explained in
                  reasonable detail in such certificate, all of the
                  representations and warranties of the Borrower contained in
                  this Agreement and the other Loan Documents are correct and
                  complete as of the date of the certificate as if made at such
                  time. If such certificate discloses that a

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                  representation or warranty is not correct or complete, or that
                  a covenant has not been complied with, or that a Default or
                  Event of Default existed or exists, such certificate shall set
                  forth what action the Borrower has taken or proposes to take
                  with respect thereto."

                  M. Amendment to Section 8. Section 8.2(e) of the Agreement is
         amended by deleting the words "30 days" and inserting in lieu thereof
         the words "90 days".

                  N. Amendment to Section 10. Section 10.10 of the Agreement is
         amended by deleting the amount "$500,000" and inserting in lieu thereof
         the following "$2,000,000, provided, however, Borrower shall give
         written notice to Lender of such Guarantees."

         SECTION 2. Conditions. The effectiveness of this Amendment is subject
to the satisfaction of the following conditions precedent:

                  A. Amendment. Fully executed copies of this Amendment signed
         by the Borrower and a ratification signed by the Guarantor shall be
         delivered to Lender.

                  B. Resolution. A certificate executed by the Secretary or
         Assistant Secretary of Borrower certifying that the Borrower's Board of
         Directors has adopted resolutions authorizing the execution, delivery
         and performance by Borrower of the Amendment shall be delivered to
         Lender.

                  C. Other Documents. Borrower shall have executed and delivered
         to Lender such other documents and instruments as Lender may require.

         SECTION 3. Miscellaneous.

                  A. Survival of Representations and Warranties. All
         representations and warranties made in the Agreement or any other
         document or documents relating thereto, including, without limitation,
         any Loan Document furnished in connection with this Amendment, shall
         survive the execution and delivery of this Amendment and the other Loan
         Documents, and no investigation by Lender or any closing shall affect
         the representations and warranties or the right of Lender to rely
         thereon.

                  B. Reference to Agreement. The Agreement, each of the Loan
         Documents, and any and all other agreements, documents or instruments
         now or hereafter executed and delivered pursuant to the terms hereof,
         or pursuant to the terms of the Agreement as amended hereby, are hereby
         amended so that any reference therein to the Agreement shall mean a
         reference to the Agreement as amended hereby.

                  C. Agreement Remains in Effect. The Agreement and the Loan
         Documents remain in full force and effect and the Borrower ratifies and
         confirms its agreements and covenants contained therein. The Borrower
         hereby confirms that, after giving effect to this Amendment, no Event
         of Default or Default exists as of such date.

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                  D. Severability. Any provision of this Amendment held by a
         court of competent jurisdiction to be invalid or unenforceable shall
         not impair or invalidate the remainder of this Amendment and the effect
         thereof shall be confined to the provision so held to be invalid or
         unenforceable.

                  E. APPLICABLE LAW. THIS AMENDMENT AND ALL OTHER LOAN DOCUMENTS
         EXECUTED PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND TO BE
         PERFORMABLE IN THE STATE OF CALIFORNIA AND SHALL BE GOVERNED BY AND
         CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

                  F. Successors and Assigns. This Amendment is binding upon and
         shall inure to the benefit of Lender and Borrower and their respective
         successors and assigns; provided, however, that Borrower may not assign
         or transfer any of its rights or obligations hereunder without the
         prior written consent of Lender.

                  G. Counterparts. This Amendment may be executed in one or more
         counterparts, each of which when so executed shall be deemed to be an
         original, but all of which when taken together shall constitute one and
         the same instrument.

                  H. Headings. The headings, captions and arrangements used in
         this Amendment are for convenience only and shall not affect the
         interpretation of this Amendment.

                  I. Expenses. The Borrower agrees to pay a legal documentation
         fee of $1,500, which Borrower authorizes Lender to charge to Borrower's
         Loan Account.

                  J. NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH THE OTHER
         LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT BETWEEN
         LENDER AND BORROWER AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
         CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
         NO UNWRITTEN ORAL AGREEMENTS BETWEEN LENDER AND BORROWER.

                  [Remainder of page left intentionally blank]

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<PAGE>   7

         IN WITNESS WHEREOF, the parties have executed this Amendment under seal
on the date first written above.

                                               PARADYNE CORPORATION

                                               By: /s/ Patrick Murphy
                                               ------------------------------
                                               Name:   Patrick Murphy
                                               Title:  Chief Financial Officer

                                               BANK OF AMERICA, N.A.

                                               By: /s/ Gary Whitaker
                                               ------------------------------
                                               Name:   Gary Whitaker
                                               Title:  Vice President

                                       7
<PAGE>   8

                           CONSENTS AND REAFFIRMATIONS

         The undersigned hereby consents to the terms and conditions of that
Amendment No. 4 to Loan and Security Agreement dated as of January 1, 2000,
between Paradyne Corporation and Bank of America, N.A. (formerly known as Bank
of America National Trust and Savings Association) ("Creditor") and reaffirms
its obligations under a Guaranty dated as of July 31, 1996 (the "Guaranty") made
by the undersigned in favor of the Creditor and acknowledges and agrees that the
Guaranty remains in full force and effect.

         Dated as of January 1, 2000.

                                               PARADYNE CANADA, LTD.

                                               By: /s/ [ILLEGIBLE]
                                               ------------------------------
                                               Name:
                                               Title:

                                       8
<PAGE>   9

                              PARADYNE CORPORATION

                             SECRETARY'S CERTIFICATE

         The undersigned, Secretary of Paradyne Corporation, a corporation
organized under the laws of the state of Delaware, hereby certifies that by
action of the Board or Directors of Paradyne Corporation, the following
resolutions were adopted by unanimous written consent of all of the Directors of
the Company. Said resolutions were adopted as of January 12, 2000 and remain in
full force and effect as of the date of this certificate.

                  NOW, THEREFORE, BE IT RESOLVED, that this Company shall enter
         into an Amendment No. 4 to its Loan and Security Agreement with Bank of
         America, N.A. (formerly Bank of America National Trust and Savings
         Association), and

                  RESOLVED FURTHER, that the officers of the Company be, and
         each of them hereby is, authorized and directed to execute and deliver
         on behalf of this Company such amendments and documents and to perform
         such acts and make such filings as may be deemed necessary or advisable
         to implement the foregoing resolution.

         IN WITNESS WHEREOF, I have hereunto set my hand and seal of said
Paradyne Corporation, this 12 day of January 2000.

                                               /s/ [ILLEGIBLE]
                                               ------------------------------
(SEAL)                                                   Secretary

                                       9

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