Document:

TELLABS OPERATIONS, INC

TELLABS OPERATIONS, INC.

(formerly Tellabs, Inc., an Illinois corporation)

Deferred Income Plan

Amendment

 

Effective July 13, 2000, and pursuant to Article XII, Paragraph 35 of the Tellabs Operations,
Inc. Deferred Income Plan dated April 1, 1992, as previously amended, the Plan is hereby further amended as follows:

Article XIV Paragraphs 44-51 :  A new Article IX "Directors Deferred Compensation
Plan" shall be added.  Paragraphs 44 through 51 shall be added to Article XIV to read as follows:

44.Establishment; Purpose.  Tellabs, Inc. ("Tellabs") establishes
this Directors Deferred Compensation Plan as part of the Plan for the benefit of those members of its Board of
Directors who are not employees of the Company or any of its affiliates.  To the extent required to obtain an
exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934 or as may be required by other
applicable laws, this Directors Deferred Compensation Plan shall be administered by the Compensation Committee of
the Board of Directors of Tellabs, which may delegate certain functions to the Committee or to officers of Tellabs
or the Company.

45.Election to Participate.  An eligible director may elect to participate in the
Plan by filing an election as prescribed by the Committee.  Elections to participate shall apply to a calendar year.
Once an election has been filed, the eligible director shall participate in the Plan for the entire year in which he
or she has elected to participate and for all subsequent years until the director files a notice of revocation for
election.  To be effective, any election or revocation must be filed by November 30th immediately preceding the
calendar year on which it is to take effect; provided that elections for the portion of the 2000 calendar year
occurring after the effective date of  this  Directors Deferred Compensation Plan, elections shall be made by
October 31, 2000.

46.Deferral Account.  Commencing as of the effective date of a director's election
to participate, 100%  of the director fees earned by the Director shall be deferred.  Tellabs shall establish a
deferral "Account" in the name of each director who elects to participate.  Except to the extent the
director has elected to have his or her Account credited as deferred stock units, Tellabs shall annually credit
the Account with earnings in the same manner as applicable to participant Accounts under Article IV of the Plan.

47.Deferred Stock Units.  A director may, in lieu of the earnings credit described
above, elect to have Tellabs maintain all or a portion of the director fees deferred into the Account as deferred
stock units ("Units"), each of which shall represent the right to receive a share of Tellabs common stock.
Units shall be credited to the Account at the time and in the amount in accordance with this paragraph 47.  The
number of Units to be credited shall be computed by dividing the total amount of fees earned by the Director in
a given period by the fair market value of one share of common stock as of the last business day on which trades
in common stock were reported during the calendar quarter immediately preceding the quarter in which the period
occurs.  Fair market value as of any date means the closing price of the Common Stock on the NASDAQ Stock Market.
Amounts credited to the Account as Units shall be distributed in shares of common stock only and may not be payable
in cash or otherwise be credited with earnings as described in paragraph 46 above.

48.Available Shares. Subject to this paragraph 48 (relating to adjustments upon
changes in capitalization), as of any date, the maximum number of shares of Tellabs common stock issuable under this
Directors Defined Compensation Plan shall be 25,000.  Shares of Tellabs common stock paid to directors under the Plan
shall be paid with newly issued shares or treasury shares.  No fractional shares shall be issued.  Whenever the
computation of the number of shares to be paid results in a fractional amount of one-half or greater, such amount
shall be rounded up to the next greater whole number of shares and in all other cases such amount shall be rounded
down to the next lower whole number of shares.  In the event that any change in the outstanding shares of common stock
occurs by reason of a stock dividend, stock split, recapitalization, merger, consolidation, combination, share exchange
or similar corporate change, the number of shares of common stock which may be issued under this Plan shall be
appropriately adjusted.

49.Payments and Benefits.  The Account of a director shall become distributable
upon termination of his or her service as a director for any reason, including death or disability.  Within 30 days
after the date of such termination, Tellabs shall issue in a lump sum to the director (or his or her beneficiary)
one share of Tellabs common  stock for each Unit credited to his or her Account and shall pay the balance of the
Account which has not been designated in Units in a lump sum or in such number of installments as the director elected
at the time his or her election to defer director fees was made; provided, however, that in the event of the director's
death any undistributed balance shall be paid in the lump sum.  The provisions of paragraph 15 relating to interim
distributions shall also apply to the director's Account.

50.Nonassignment.  Neither a director nor his or her duly designated beneficiary
shall have any right to assign, transfer, pledge or otherwise convey the right to receive any amounts hereunder, and
any such attempted assignment, transfer, or other conveyance shall not be recognized by Tellabs.

51.Designation of Beneficiary.  A director may designate the beneficiary which is to
receive any unpaid amounts credited to his or her Account at the director's death. Such designation shall be effective
by filing a written notification with the Committee and may be changed from time to time by similar action.  If no such
designation is made by a director, any such balance shall be paid to the director's estate.

52.Amendment.  This Directors Deferred Compensation Plan portion of the Plan may be
amended or terminated at any time by action of the Board of Directors of Tellabs, but no amendment shall adversely
affect a director's rights with respect to fees earned but not yet paid without the director's written consent.

Effective as of July 13, 2000 and signed this 13th day of 2000, with the approval and
authorization of the Board of Directors.

TELLABS OPERATIONS, INC.

/s Carol C. Gavin

By:  Carol C. Gavin

Title:  V.P., General Counsel, and Secretary

Effective as of July 13, 2000, and signed this 13th day of 2000, Tellabs, Inc., a Delaware corporation, hereby adopts the Plan for purposes of the benefits provided
pursuant to Article IX "Directors Deferred Compensation Plan."

TELLABS, INC.

/s Carol C. Gavin

By:  Carol C. Gavin

Title:  V.P., General Counsel, and SecretarySIXTH AMENDMENT

                                                                   EXHIBIT 10.3

SIXTH AMENDMENT TO

LOAN AND SECURITY AGREEMENT

THIS SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this
"Sixth Amendment") is dated as of June 30, 2000 and is entered into between
Scientific Technologies Incorporated Which Will Do Business in California as
Oregon Scientific Technologies, an Oregon corporation (the "Borrower"), and
Bank of the West, a California banking corporation (the "Bank").

RECITALS:

A. Borrower and Bank have entered into that
certain Loan and Security Agreement dated November 29, 1994, that certain First
Amendment to Loan and Security Agreement dated as of May 31, 1995, that certain
Second Amendment to Loan and Security Agreement dated as of May 31, 1996, that
certain Third Amendment to Loan and Security Agreement dated as of May 31, 1997,
that certain Fourth Amendment to Loan and Security Agreement dated as of June 9,
1998 and that certain Fifth Amendment to Loan and Security Agreement dated as of
June 30, 1999 (collectively, the "Loan Agreement") and that certain Equipment
Purchase Line Note dated December 6, 1994 (the "Equipment Purchase Line
Note");

B. Borrower and Bank intend to further amend the Loan
Agreement and/or the Equipment Purchase Line Note as provided by this Sixth
Amendment.

AMENDMENT:

NOW, THEREFORE, Borrower and Bank hereby agree as
follows:

1.This Sixth Amendment shall modify and, to the extent
inconsistent with, amend the Loan Agreement and/or the Equipment Purchase Line
Note. Any capitalized term not specifically defined herein shall have the
meaning assigned to it in the Loan Agreement.

2.The last sentence of Section 3.1(a) of the Loan
Agreement is hereby deleted in its entirety and is replaced with the
following:
For the purpose of this Agreement, "Draw Period" shall mean
the period between the date of this Loan and Security Agreement and the earlier
of: (i) June 30, 2001 or (ii) the date on which the aggregate of all advances
made pursuant to this Section 3.1 equals One Million and 00/100 Dollars
($1,000,000.00).

3.The second sentence of the first paragraph of Section
4.1 of the Loan Agreement is hereby deleted in its entirety and is replaced with
the following:
Borrower's right to obtain advances under Section 2.1 and to
enter into foreign 

exchange contracts under the FX Facility provided by Section
14.1 shall remain in full force and effect until June 30, 2001, and shall
continue on a month-to-month basis thereafter until terminated by either party
on thirty (30) days prior written notice to the other.

4.Concurrently with the execution of this Sixth
Amendment, Borrower shall pay to Bank a fee in an amount equal to Seven Thousand
Five Hundred Dollars ($7,500.00), which fee shall represent an unconditional and
non-refundable payment to Bank in consideration of Bank's agreement to enter
into this Sixth Amendment. 

5.Bank's duties to extend and renew the Obligations and
to make advances in accordance with this Sixth Amendment shall be subject to (i)
there being no outstanding and uncured defaults under the Loan Agreement, the
Equipment Purchase Line Note or any other obligation owing by Borrower to Bank
and (ii) the satisfaction of each of the conditions precedent set forth in
Article 6 of the Loan Agreement, each of which is incorporated herein by this
reference; (iii) the executions and delivery of this Sixth amendment and such
other documents as Bank may request (including, without limitation, a Corporate
Resolution to Borrow and Pledge, an Insurance Information Questionnaire, a
Warranties and Representations of Officers, an Automatic Transfer Authorization,
and a declaration of Purpose Statement).

6.Except as amended by this Sixth Amendment, all of the
terms and conditions of the Loan Agreement (and each and every document or
instrument executed and delivered in connection therewith) is and shall remain
in full force and effect.

7.Except as amended by this Sixth Amendment, Borrower
hereby ratifies, reaffirms, and remakes as of the date hereof each and every
representation and warranty contained in the Loan Agreement, the Equipment
Purchase Line Note, or in any document executed and delivered in connection
therewith.

IN WITNESS WHEREOF, Borrower has executed and delivered this
Sixth Amendment to Bank on the date first above written at Walnut Creek,
California.

"BORROWER"

SCIENTIFIC TECHNOLOGIES INCORPORATED WHICH WILL DO
BUSINESS IN CALIFORNIA AS OREGON SCIENTIFIC TECHNOLOGIES, an Oregon
corporation

By: /s/Joseph J. Lazzara 

Its: President and Chief Executive Officer 

IN WITNESS WHEREOF, Bank hereby accepts this Sixth Amendment to be
effective as of the date first above written in Walnut Creek, California.

"BANK"

BANK OF THE WEST,

a California banking corporation

 

By: /s/Georgia R. Turner 

Its: Vice President

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