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                                 Exhibit 01.1

                                PROMISSORY NOTE

$3,657,500                                                         April 3, 2001

    For Value Received, the undersigned, Joseph Y. Liu, hereby unconditionally
promises to pay to the order of Oplink Communications, Inc., a Delaware
corporation ("Oplink", the "Company" or "Holder"), at such place as Holder
hereof may designate, in lawful money of the United States of America and in
immediately available funds, the principal sum of $3,657,500 together with
simple interest accrued from the date hereof on the unpaid principal at the rate
of 8.00% per annum, calculated on the basis of a 365-day year for the actual
number of days elapsed.

    1.  Principal Repayment.  The outstanding principal amount and any accrued
and unpaid interest hereunder shall be due and payable in one lump sum upon the
earlier of (1) a demand by a majority of the Company's Board of Directors at any
time it so elects, or (2) the fifth anniversary of the date hereof; provided,
however, that in the event that the undersigned's employment with the Company is
terminated the entire principal balance and all accrued interest shall become
immediately due and payable, and immediately collectible by Holder pursuant to
applicable law (the "Maturity Date").

    2.  Prepayment.  This Note may be prepaid at any time without penalty.  All
money paid toward the satisfaction of this Note shall be applied first to the
payment of interest as required hereunder and then to the retirement of the
principal.

    3.  Escrow; Full Recourse Note.  This Note is secured by an escrow (the
"Escrow") comprising all of the shares of Oplink common stock covered by the
stock options granted to the undersigned in connection with his employment and
directorship with the Company (the stock option referred to as the "Stock
Options").  As the Stock Options have vested and continue to vest from time to
time, the Oplink shares so vested shall be placed into the Escrow.  Any such
shares already purchased shall be pledged by the undersigned, upon the execution
of this Note, in favor of the Holder pursuant to the Stock Pledge Agreement
attached hereto and, if the undersigned elects to purchase any more of the
vested shares, the shares so purchased shall be likewise pledged from time to
time.  Should the undersigned wish to sell any of the Oplink stock so purchased
before the Maturity Date, the proceeds realized therefrom shall first be applied
to prepay this Note until it is settled in full.  In the event that the
undersigned's employment or directorship with the Company is terminated, should
any principal amount or any accrued and unpaid interest under this Note remain
due and payable, Holder has the right (but not the obligation) to require the
undersigned to sell any or all of the Oplink common stock in the Escrow
immediately and to apply the proceeds realized therefrom to repay this Note
until it is settled in full.  The undersigned shall be solely responsible for
any tax consequences to him arising from his optioned shares being so escrowed,
pledged and/or sold, as the case may be.  Notwithstanding the foregoing, this
Note is full recourse, accordingly, Holder shall be entitled to seek personal
judgement against the undersigned in the event of a default for the full amount
of

    Promissory Note - Joseph Liu and Oplink Communications

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the principal and accrued interest then outstanding, plus any costs or
expenses as provided herein.

    4.  Non-Consumer Debt. The undersigned hereby represents and agrees that
the amounts due under this Note are not consumer debt, and are not incurred
primarily for personal, family or household purposes, but are for business and
commercial purposes only.

    5.  Waiver.  The undersigned hereby waives presentment, protest and notice
of protest, demand for payment, notice of dishonor and all other notices or
demands in connection with the delivery, acceptance, performance, default or
endorsement of this Note.

    6.  Expenses; Attorneys' Fees.  The Holder hereof shall be entitled to
recover, and the undersigned agrees to pay when incurred, all costs and expenses
of collection of this Note, including without limitation, reasonable attorneys'
fees.

    7.  Governing Law.  This Note shall be governed by, and construed, enforced
and interpreted in accordance with, the laws of the State of California,
excluding conflict of laws principles that would cause the application of laws
of any other jurisdiction.

                                     /s/ Joseph Y. Liu
                                     _________________________________________
                                     Joseph Y. Liu

                                     Accepted By Oplink Communications, Inc.:

                                     /s/ Ian Jenks
                                     _________________________________________
                                     Ian Jenks
                                     Chairman of the Board of Directors

    Promissory Note - Joseph Liu and Oplink Communications

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                            STOCK PLEDGE AGREEMENT

    This Stock Pledge Agreement ("Pledge Agreement") is made and entered into as
of April 3, 2001, by Joseph Y. Liu ("Pledgor") in favor of Oplink
Communications, Inc., a Delaware corporation ("Oplink" or "Pledgee").

                                   Recitals

    Whereas, Pledgor executed that certain Promissory Note (the "Note") in
favor of Pledgee in the amount of $3,657,500, secured by an escrow comprising
all of the shares of Oplink common stock covered by the stock options granted to
the undersigned by Oplink;

    Whereas, pursuant to the escrow arrangement, all of the vested shares that
have been purchased by the Pledgor shall be pledged by Pledgor in favor of
Pledgee pursuant to this Stock Pledge Agreement and, if the undersigned elects
to purchase any more of the vested shares, the shares so purchased shall be
likewise pledged; and

    Whereas, Pledgor has purchased 2,216,666 of the vested shares.

                                   Agreement

    Now, Therefore, in consideration of the foregoing recitals and for other
good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, and intending to be legally bound, Pledgor hereby agrees as
follows:

    1.   As security for the full, prompt and complete payment and performance
when due (whether by stated maturity, by acceleration or otherwise) of all
indebtedness of Pledgor to Pledgee created under the Note (all such indebtedness
being the "Liabilities"), together with, without limitation, the prompt payment
of all expenses, including, without limitation, reasonable attorneys' fees and
legal expenses, incidental to the collection of the Liabilities and the
enforcement or protection of Pledgee's lien in and to the collateral pledged
hereunder, Pledgor hereby pledges to Pledgee, and grants to Pledgee, a first
priority security interest in all of the following (collectively, the "Pledged
Collateral"):

         (a) 2,216,666 shares of Common Stock of Pledgee represented by
Certificate numbered C-_________ (the "Pledged Shares"), and all dividends,
cash, instruments, and other property or proceeds from time to time received,
receivable, or otherwise distributed in respect of or in exchange for any or all
of the Pledged Shares;

         (b) all voting trust certificates held by Pledgor evidencing the right
to vote any Pledged Shares subject to any voting trust; and

         (c) all additional shares and voting trust certificates from time to
time acquired by Pledgor in any manner (which additional shares shall be deemed
to be part of the Pledged Shares), and the certificates representing such
additional shares, and all dividends, cash, instruments, and other property or
proceeds from time to time received, receivable, or otherwise distributed in
respect of or in exchange for any or all of such shares.

Stock Pledge Agreement

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Pledged Shares), and the certificates representing such additional shares, and
all dividends, cash, instruments, and other property or proceeds from time to
time received, receivable, or otherwise distributed in respect of or in exchange
for any or all of such shares.

    The term "indebtedness" is used herein in its most comprehensive sense and
includes any and all advances, debts, obligations and Liabilities heretofore,
now or hereafter made, incurred or created, whether voluntary or involuntary and
whether due or not due, absolute or contingent, liquidated or unliquidated,
determined or undetermined, and whether recovery upon such indebtedness may be
or hereafter becomes unenforceable.

    2.   At any time, without notice, and at the expense of Pledgor, Pledgee in
its name or in the name of its nominee or of Pledgor may, but shall not be
obligated to: (1) collect by legal proceedings or otherwise all dividends
(except cash dividends other than liquidating dividends), interest, principal
payments and other sums now or hereafter payable upon or on account of said
Pledged Collateral; (2) enter into any extension, reorganization, deposit,
merger or consolidation agreement, or any agreement in any way relating to or
affecting the Pledged Collateral, and in connection therewith may deposit or
surrender control of such Pledged Collateral thereunder, accept other property
in exchange for such Pledged Collateral and do and perform such acts and things
as it may deem proper, and any money or property received in exchange for such
Pledged Collateral shall be applied to the indebtedness or thereafter held by it
pursuant to the provisions hereof; (3) insure, process and preserve the Pledged
Collateral; (4) cause the Pledged Collateral to be transferred to its name or to
the name of its nominee; (5) exercise as to such Pledged Collateral all the
rights, powers and remedies of an owner, except that so long as no default
exists under the Note or hereunder, Pledgor shall retain all voting rights as to
the Pledged Shares.

    3.   Pledgor agrees to pay prior to delinquency all taxes, charges, liens
and assessments against the Pledged Collateral, and upon the failure of Pledgor
to do so, Pledgee at its option may pay any of them and shall be the sole judge
of the legality or validity thereof and the amount necessary to discharge the
same.

    4.   At the option of Pledgee and without necessity of demand or notice, all
or any part of the indebtedness of Pledgor shall immediately become due and
payable irrespective of any agreed maturity, upon the happening of any of the
following events: (1) failure to keep or perform any of the terms or provisions
of this Pledge Agreement; (2) failure to pay any installment of principal or
interest on the Note when due; (3) the levy of any attachment, execution or
other process against the Pledged Collateral; or (4) the insolvency, commission
of an act of bankruptcy, general assignment for the benefit of creditors, filing
of any petition in bankruptcy or for relief under the provisions of Title 11 of
the United States Code of, by, or against Pledgor.

    5.   In the event of the nonpayment of any indebtedness when due, whether by
acceleration or otherwise, or upon the happening of any of the events specified
in the last preceding paragraph, Pledgee may then, or at any time thereafter, at
its election, apply, set off, collect or sell in one or more sales, or take such
steps as may be necessary to liquidate and reduce to cash in the hands of
Pledgee in whole or in part, with or without any previous demands or demand of
performance or notice or advertisement, the whole or any part of the Pledged

Stock Pledge agreement

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Collateral in such order as Pledgee may elect, and any such sale may be made
either at public or private sale at its place of business or elsewhere, or at
any broker's board or securities exchange, either for cash or upon credit or for
future delivery; provided, however, that if such disposition is at private sale,
then the purchase price of the Pledged Collateral shall be equal to the public
market price then in effect, or, if at the time of sale no public market for the
Pledged Collateral exists, then, in recognition of the fact that the sale of the
Pledged Collateral would have to be registered under the Securities Act of 1933
and that the expenses of such registration are commercially unreasonable for the
type and amount of collateral pledged hereunder, Pledgee and Pledgor hereby
agree that such private sale shall be at a purchase price mutually agreed to by
Pledgee and Pledgor or, if the parties cannot agree upon a purchase price, then
at a purchase price established by a majority of three independent appraisers
knowledgeable of the value of such collateral, one named by Pledgor within 10
days after written request by the Pledgee to do so, one named by Pledgee within
such 10 day period, and the third named by the two appraisers so selected, with
the appraisal to be rendered by such body within 30 days of the appointment of
the third appraiser.  The cost of such appraisal, including all appraiser's
fees, shall be charged against the proceeds of sale as an expense of such sale.
Pledgee may be the purchaser of any or all Pledged Collateral so sold and hold
the same thereafter in its own right free from any claim of Pledgor or right of
redemption.  Demands of performance, notices of sale, advertisements and
presence of property at sale are hereby waived, and Pledgee is hereby authorized
to sell hereunder any evidence of debt pledged to it.  Any sale hereunder may be
conducted by any officer or agent of Pledgee.

    6.   The proceeds of the sale of any of the Pledged Collateral and all sums
received or collected by Pledgee from or on account of such Pledged Collateral
shall be applied by Pledgee to the payment of expenses incurred or paid by
Pledgee in connection with any sale, transfer or delivery of the Pledged
Collateral, to the payment of any other costs, charges, attorneys' fees or
expenses mentioned herein, and to the payment of the indebtedness or any part
hereof, all in such order and manner as Pledgee in its discretion may determine.
Pledgee shall then pay any balance to Pledgor.

    7.   Upon the transfer of all or any part of the indebtedness Pledgee may
transfer all or any part of the Pledged Collateral and shall be fully discharged
thereafter from all liability and responsibility with respect to such Pledged
Collateral so transferred, and the transferee shall be vested with all the
rights and powers of Pledgee hereunder with respect to such Pledged Collateral
so transferred; but with respect to any Pledged Collateral not so transferred
Pledgee shall retain all rights and powers hereby given.

    8.   Until all indebtedness shall have been paid in full the power of sale
and all other rights, powers and remedies granted to Pledgee hereunder shall
continue to exist and may be exercised by Pledgee at any time and from time to
time irrespective of the fact that the indebtedness or any part thereof may have
become barred by any statute of limitations, or that the personal liability of
Pledgor may have ceased.

    9.   Pledgee agrees that so long as no default exists under the Note or
hereunder, the Pledged Shares shall, upon the request of Pledgor, be released
from pledge as the indebtedness is paid.  Such releases shall be at the
proportional rate of principal amount of indebtedness paid.

Stock Pledge Agreement

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Release from pledge, however, shall not result in release from the provisions of
those certain Joint Escrow Instructions, if any, of even date herewith among the
parties to this Pledge Agreement and the Escrow Agent named therein.

    10.  Pledgee may at any time deliver the Pledged Collateral or any part
thereof to Pledgor and the receipt of Pledgor shall be a complete and full
acquittance for the Pledged Collateral so delivered, and Pledgee shall
thereafter be discharged from any liability or responsibility therefor.

    11.  The rights, powers and remedies given to Pledgee by this Pledge
Agreement shall be in addition to all rights, powers and remedies given to
Pledgee by virtue of any statute or rule of law. Any forbearance or failure or
delay by Pledgee in exercising any right, power or remedy hereunder shall not be
deemed to be a waiver of such right, power or remedy, and any single or partial
exercise of any right, power or remedy hereunder shall not preclude the further
exercise thereof; and every right, power and remedy of Pledgee shall continue in
full force and effect until such right, power or remedy is specifically waived
by an instrument in writing executed by Pledgee.

    12.  If any provision of this Pledge Agreement is held to be unenforceable
for any reason, it shall be adjusted, if possible, rather than voided in order
to achieve the intent of the parties to the extent possible. In any event, all
other provisions of this Pledge Agreement shall be deemed valid and enforceable
to the full extent possible.

    13.  This Pledge Agreement shall be governed by, and construed in accordance
with, the laws of the State of California.

                                        Pledgor:

                                        /s/ Joseph Y. Liu
                                        ________________________________________
                                        Joseph Y. Liu

                                        Accepted and Agreed To By :

                                        Oplink Communications, Inc.

                                        /s/ Ian Jenks
                                        ________________________________________
                                        Director's Signature

                                        Ian Jenks, Chairman
                                        ________________________________________
                                        Name of Director and Title

Stock Pledge Agreement

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                                 EXHIBIT 01.2
Promissory Note - Daryl Eigen and Oplink Communications - March 27, 2001

PROMISSORY NOTE
$160,000 March 27, 2001
FOR VALUE RECEIVED, the undersigned, DARYL J. EIGEN, hereby unconditionally
promises to pay to the order of OPLINK COMMUNICATIONS, INC., a Delaware
corporation ("Oplink", the "Company" or "Holder"), at such place as Holder
hereof may designate, in lawful money of the United States of America and in
immediately available funds, the principal sum of $160,000 together with simple
interest accrued from the date hereof on the unpaid principal at the rate of
8.50% per annum, calculated on the basis of a 365-day year for the actual number
of days elapsed.

1. Principal Repayment. The outstanding principal amount and any accrued and
unpaid interest hereunder shall be due and payable in one lump sum on the first
anniversary of the date hereof; provided, however, that in the event that the
undersigned's employment with the Company is terminated the entire principal
balance and all accrued interest shall become immediately due and payable, and
immediately collectible by Holder pursuant to applicable law (the "Maturity
Date").

2. Prepayment. This Note may be prepaid at any time without penalty. All money
paid toward the satisfaction of this Note shall be applied first to the payment
of interest as required hereunder and then to the retirement of the principal.

3. Escrow; Full Recourse Note. This Note is secured by an escrow (the "Escrow")
comprising all of the shares of Oplink common stock covered by the employee
stock option granted to the undersigned in connection with his employment with
the Company (the stock option referred to as the "Stock Option"). As the Stock
Option vests from time to time, the Oplink shares so vested shall be placed into
the Escrow and, if the undersigned elects to purchase any of such shares, the
shares so purchased shall, as part of the Escrow, be pledged by the undersigned
in favor of the Holder pursuant to a Stock Pledge Agreement in substantially the
same form as that attached hereto. If the undersigned wishes to sell any of the
Oplink stock so purchased before the Maturity Date, the proceeds realized
therefrom shall first be applied to prepay this Note until it is settled in
full. In the event that the undersigned's employment with the Company is
terminated, should any principal amount or any accrued and unpaid interest
under this Note remain due and payable, Holder has the right (but not the
obligation) to require the undersigned to sell any or all of the Oplink common
stock in the Escrow immediately and to apply the proceeds realized therefrom to
repay this Note until it is settled in full. The undersigned shall be solely
responsible for any tax consequences to him arising from his optioned shares
being so escrowed, pledged and/or sold, as the case may be. Notwithstanding the
foregoing, this Note is full recourse, accordingly, Holder shall be entitled to
seek personal judgement against the undersigned in the event of a default for
the full amount of the principal and accrued interest then outstanding, plus any
costs or expenses as provided herein.

4. Non-Consumer Debt. The undersigned hereby represents and agrees that the
amounts due under this Note are not consumer debt, and are not incurred
primarily for personal, family or household purposes, but are for business and
commercial purposes only.
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Promissory Note - Daryl Eigen and Oplink Communications - March 27, 2001

5. Waiver. The undersigned hereby waives presentment, protest and notice of
protest, demand for payment, notice of dishonor and all other notices or demands
in connection with the delivery, acceptance, performance, default or endorsement
of this Note.

6. Expenses; Attorneys' Fees. The Holder hereof shall be entitled to recover,
and the undersigned agrees to pay when incurred, all costs and expenses of
collection of this Note, including without limitation, reasonable attorneys'
fees.

7. Governing Law. This Note shall be governed by, and construed, enforced and
interpreted in accordance with, the laws of the State of California, excluding
conflict of laws principles that would cause the application of laws of any
other jurisdiction.

/S/ DARYL J. EIGEN
_________________________________________
DARYL J. EIGEN

ACCEPTED BY OPLINK COMMUNICATIONS, INC.:

/S/ JOSEPH Y. LIU
__________________________________________
JOSEPH Y. LIU

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