Document:

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                                                                   Exhibit 10.11
                                                                   -------------

                      AMENDED AND RESTATED PROMISSORY NOTE
                     (Working Capital Line of Credit Loans)

$8,000,000 Shelton, Connecticut July 14, 2000 (originally dated July 1, 1993, as
previously amended)

For value received, the undersigned TRANSWITCH CORPORATION, a Delaware
corporation (the "Borrower"), promises to pay to SILICON VALLEY BANK (the
"Bank") at the office of the Bank located at 3003 Tasman Drive, Santa Clara,
California 95054, or to its order, the lesser of (i) Eight Million Dollars
($8,000,000.) or (ii) the principal outstanding hereunder on July 13, 2001 (the
"Maturity Date"), together with interest on the principal amount hereof from
time to time outstanding at a fluctuating rate per annum equal to the Prime Rate
(as defined below) until the Maturity Date, payable monthly in arrears on the
thirteenth (13th) day of each calendar month occurring after the date hereof and
on the Maturity Date. The Borrower promises to pay on demand interest at a per
annum rate of interest equal to the Prime Rate plus five percent (5%) on any
overdue principal (and to the extent permitted by law, overdue interest). The
Bank's "Prime Rate" is the per annum rate of interest from time to time
announced and made effective by the Bank as its Prime Rate (which rate may or
may not be the lowest rate available from the Bank at any given time).

Computations of interest shall be made by the Bank on the basis of a year of 360
days for the actual number of days occurring in the period for which such
interest is payable.

This promissory note amends and restates the terms and conditions of the
obligations of the Borrower under the Working Capital Note dated July 1, 1993
(the "Original Note"), by the Borrower to the Bank, as amended from time to
time. Nothing contained in this promissory note shall be deemed to create or
represent the issuance of new indebtedness or the exchange by the Borrower of
the Original Note for a new promissory note. This promissory note is the Working
Capital Note referred to in the Eighth Loan Modification Agreement of even date
herewith, which amends the Commitment Letter dated as of July 1, 1993, between
the Bank and the Borrower, as amended by letter amendments dated as of September
1, 1994 and March 21, 1995, and as further amended by loan modification
agreements dated as of April 8, 1994, April 19, 1995, January 5, 1996, December
31, 1996, July 11, 1997, July 16, 1998, July 15, 1999 and July 14, 2000,
together with all related schedules, as the same may be further amended,
modified or supplemented from time to time (the "Commitment Letter"), and is
entitled to the benefits of the Commitment Letter and of the other Loan
Documents referred to therein, and is subject to optional and mandatory
prepayment as provided therein.

Upon the occurrence of any Event of Default under, and as defined in, the
Commitment Letter, the principal amount then outstanding of, and the accrued
interest on, the advances under this promissory note, and all other amounts
payable under this promissory note shall, at the option of the Bank, become
immediately due and payable, without notice
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(including, without limitation, notice of intent to accelerate), presentment,
demand, protest or other formalities of any kind, all of which are hereby
expressly waived by the Borrower.

The Bank shall keep a record of the amount and the date of the making of each
advance pursuant to the Commitment Letter and each payment of principal with
respect thereto by maintaining a computerized record of such information and
printouts of such computerized record, which endorsement or computerized record,
and the printouts thereof, shall constitute prima facie evidence of the accuracy
of the information so endorsed.

The undersigned agrees to pay all reasonable costs and expenses of the Bank
(including, without limitation, the reasonable fees and expenses of attorneys)
in connection with the enforcement of this promissory note and the other Loan
Documents and the preservation of their respective rights hereunder and
thereunder.

No delay or omission on the part of the Bank in exercising any right hereunder
shall operate as a waiver of such right or of any other right of the Bank, nor
shall any delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. The Borrower and
every endorser or guarantor of this promissory note regardless of the time,
order or place of signing waives presentment, demand, protest and notices of
every kind and assents to any one or more extensions or postponements of the
time of payment or any other indulgences, to any substitutions, exchanges or
releases of collateral for this promissory note, and to the additions or
releases of any other parties or persons primarily or secondarily liable.

   THIS PROMISSORY NOTE SHALL BE DEEMED DELIVERED TO THE BANK AND ACCEPTED BY
                      THE BANK IN THE STATE OF CALIFORNIA.

THE BORROWER HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY NOW OR HEREAFTER HAVE TO A
JURY TRIAL IN ANY SUIT, ACTION OR PROCEEDING WHICH ARISES OUT OF OR BY REASON OF
THIS PROMISSORY NOTE, ANY LOAN DOCUMENT (AS DEFINED IN THE COMMITMENT LETTER),
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

BY ITS EXECUTION AND DELIVERY OF THIS PROMISSORY NOTE, THE BORROWER ACCEPTS FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE
NONEXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT
JURISDICTION IN THE COMMONWEALTH OF MASSACHUSETTS (OR IF FOR ANY REASON ACCESS
TO SUCH COURTS IS DENIED TO THE BANK, THEN IN THE STATE OF CALIFORNIA) IN ANY
ACTION, SUIT OR PROCEEDING OF ANY KIND AGAINST IT WHICH ARISES OUT OF OR BY
REASON OF THIS PROMISSORY NOTE, ANY LOAN DOCUMENT (AS DEFINED IN THE CREDIT
AGREEMENT), OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN

                                       2
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ADDITION TO ANY OTHER COURT IN WHICH SUCH ACTION, SUIT OR PROCEEDING MAY BE
BROUGHT, IRREVOCABLY AGREES TO BE BOUND BY ANY FINAL JUDGMENT RENDERED BY ANY
SUCH COURT IN ANY SUCH ACTION, SUIT OR PROCEEDING IN WHICH IT SHALL HAVE BEEN
SERVED WITH PROCESS IN THE MANNER HEREINAFTER PROVIDED, SUBJECT TO EXERCISE AND
EXHAUSTION OF ALL RIGHTS OF APPEAL AND TO THE EXTENT THAT IT MAY LAWFULLY DO SO,
WAIVES AND AGREES NOT TO ASSERT, BY WAY OF MOTION, AS A DEFENSE OR OTHERWISE, IN
SUCH ACTION, SUIT OR PROCEEDING ANY CLAIMS THAT IT IS NOT PERSONALLY SUBJECT TO
THE JURISDICTION OF SUCH COURT, THAT ITS PROPERTY IS EXEMPT OR IMMUNE FROM
ATTACHMENT OR EXECUTION, THAT THE ACTION, SUIT OR PROCEEDING IS BROUGHT IN AN
INCONVENIENT FORUM OR THAT THE VENUE THEREOF IS IMPROPER, AND AGREES THAT
PROCESS MAY BE SERVED UPON IT IN ANY SUCH ACTION, SUIT OR PROCEEDING IN THE
MANNER PROVIDED BY CHAPTER 223A OF THE GENERAL LAWS OF MASSACHUSETTS, RULE 4 OF
THE MASSACHUSETTS RULES OF CIVIL PROCEDURE OR RULE 4 OF THE FEDERAL RULES OF
CIVIL PROCEDURE.

ALL RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE GOVERNED BY THE LAWS OF THE
COMMONWEALTH OF MASSACHUSETTS AND THIS PROMISSORY NOTE SHALL BE DEEMED TO BE
UNDER SEAL.

                             TRANSWITCH CORPORATION

              By: /s/ Michael F. Stauff
                  ----------------------------------
                  Michael F. Stauff, SVP & Treasurer

                                       3<PAGE>

                                                                   Exhibit 10.12
                                                                   -------------

                     AMENDED AND RESTATED PROMISSORY NOT]
                       (Equipment Line of Credit Loans)

$2,000,000                                                  Shelton, Connecticut
                                                       July 14, 2000 (originally
                                                        dated December 31, 1996)

For value received, the undersigned TRANSWITCH CORPORATION, a Delaware
corporation (the "Borrower"), promises to pay to SILICON VALLEY BANK (the
"Bank") at the office of the Bank located at 3003 Tasman Drive, Santa Clara,
California 95054, or to its order, the lesser of (i) Two Million Dollars
($2,000,000.) or (ii) the principal outstanding hereunder as of July 13, 2001,
in thirty-six (36) equal monthly installments payable on the fifteenth day of
each month, commencing August 13, 2001 and ending on July 13, 2004 (the
"Maturity Date"), together with interest on the principal amount hereof from
time to time outstanding at a fluctuating rate per annum equal to the Prime Rate
(as defined below) until the Maturity Date, payable monthly in arrears on the
thirteenth (13th) day of each calendar month occurring after the date hereof and
on the Maturity Date. The Borrower promises to pay on demand interest at a per
annum rate of interest equal to the Prime Rate plus five percent (5%) on any
overdue principal (and to the extent permitted by law, overdue interest). The
Bank's "Prime Rate" is the per annum rate of interest from time to time
announced and made effective by the Bank as its Prime Rate (which rate may or
may not be the lowest rate available from the Bank at any given time).

Computations of interest shall be made by the Bank on the basis of a year of 360
days for the actual number of days occurring in the period for which such
interest is payable.

This promissory note amends and restates the terms and conditions of the
obligations of the Borrower under the Promissory Note (Equipment Line of Credit
Loans) dated December 31, 1996 (the "Original Note"), by the Borrower to the
Bank, as amended from time to time. Nothing contained in this promissory note
shall be deemed to create or represent the issuance of new indebtedness or the
exchange by the Borrower of the Original Note for a new promissory note. This
promissory note is the Equipment Note referred to in the Eighth Loan
Modification Agreement of even date herewith, which amends the Commitment Letter
dated as of July 1, 1993, between the Bank and the Borrower, as amended by
letter amendments dated as of September 1, 1994 and March 21, 1995, and as
further amended by loan modification agreements dated as of April 8, 1994, April
19, 1995, January 5, 1996, December 31, 1996, July 11, 1997, July 16, 1998, July
15, 1999, and July 14, 2000, together with all related schedules, as the same
may be further amended, modified or supplemented from time to time (the
"Commitment Letter"), and is entitled to the benefits of the Commitment Letter
and of the other Loan Documents
<PAGE>

referred to therein, and is subject to optional and mandatory prepayment as
provided therein.

Upon the occurrence of any Event of Default under, and as defined in, the
Commitment Letter, the principal amount then outstanding of, and the accrued
interest on, the advances under this promissory note, and all other amounts
payable under this promissory note shall, at the option of the Bank become
immediately due and payable, without notice (including, without limitation,
notice of intent to accelerate), presentment, demand, protest or other
formalities of any kind, all of which are hereby expressly waived by the
Borrower.

The Bank shall keep a record of the amount and the date of the making of each
advance pursuant to the Commitment Letter and each payment of principal with
respect thereto by maintaining a computerized record of such information and
printouts of such computerized record, which endorsement or computerized record,
and the printouts thereof, shall constitute prima facie evidence of the accuracy
of the information so endorsed.

The undersigned agrees to pay all reasonable costs and expenses of the Bank
(including, without limitation, the reasonable fees and expenses of attorneys)
in connection with the enforcement of this promissory note and the other Loan
Documents and the preservation of their respective rights hereunder and
thereunder.

No delay or omission on the part of the Bank in exercising any right hereunder
shall operate as a waiver of such right or of any other right of the Bank, nor
shall any delay, omission or waiver on any one occasion be deemed a bar to or
waiver of the same or any other right on any future occasion. The Borrower and
every endorser or guarantor of this promissory note regardless of the time,
order or place of signing waives presentment, demand, protest and notices of
every kind and assents to any one or more extensions or postponements of the
time of payment or any other indulgences, to any substitutions, exchanges or
releases of collateral for this promissory note, and to the additions or
releases of any other parties or persons primarily or secondarily liable.

        THIS PROMISSORY NOTE SHALL BE DEEMED DELIVERED TO THE BANK AND
               ACCEPTED BY THE BANK IN THE STATE OF CALIFORNIA.

THE BORROWER HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY NOW OR HEREAFTER HAVE TO A
JURY TRIAL IN ANY SUIT, ACTION OR PROCEEDING WHICH ARISES OUT OF OR BY REASON OF
THIS PROMISSORY NOTE, ANY LOAN DOCUMENT (AS DEFINED IN THE COMMITMENT LETTER),
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

BY ITS EXECUTION AND DELIVERY OF THIS PROMISSORY NOTE, THE BORROWER ACCEPTS FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE
NON-EXCLUSIVE

                                       2
<PAGE>

JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE
COMMONWEALTH OF MASSACHUSETTS (OR IF FOR ANY REASON ACCESS TO SUCH COURTS IS
DENIED TO THE BANK, THEN IN THE STATE OF CALIFORNIA) IN ANY ACTION, SUIT OR
PROCEEDING OF ANY KIND AGAINST IT WHICH ARISES OUT OF OR BY REASON OF THIS
PROMISSORY NOTE, ANY LOAN DOCUMENT (AS DEFINED IN THE CREDIT AGREEMENT), OR THE
TRANSACTIONS CONTEMPLATED HEREBY, IN ADDITION TO ANY OTHER COURT IN WHICH SUCH
ACTION, SUIT OR PROCEEDING MAY BE BROUGHT, IRREVOCABLY AGREES TO BE BOUND BY ANY
FINAL JUDGMENT RENDERED BY ANY SUCH COURT IN ANY SUCH ACTION, SUIT OR PROCEEDING
IN WHICH IT SHALL HAVE BEEN SERVED WITH PROCESS IN THE MANNER HEREINAFTER
PROVIDED, SUBJECT TO EXERCISE AND EXHAUSTION OF ALL RIGHTS OF APPEAL AND TO THE
EXTENT THAT IT MAY LAWFULLY DO SO, WAIVES AND AGREES NOT TO ASSERT, BY WAY OF
MOTION, AS A DEFENSE OR OTHERWISE, IN SUCH ACTION, SUIT OR PROCEEDING ANY CLAIMS
THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURT, THAT ITS
PROPERTY IS EXEMPT OR IMMUNE FROM ATTACHMENT OR EXECUTION, THAT THE ACTION, SUIT
OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM OR THAT THE VENUE THEREOF IS
IMPROPER, AND AGREES THAT PROCESS MAY BE SERVED UPON IT IN ANY SUCH ACTION, SUIT
OR PROCEEDING IN THE MANNER PROVIDED BY CHAPTER 223A OF THE GENERAL LAWS OF
MASSACHUSETTS, RULE 4 OF THE MASSACHUSETTS RULES OF CIVIL PROCEDURE OR RULE 4 OF
THE FEDERAL RULES OF CIVIL PROCEDURE.

ALL RIGHTS AND OBLIGATIONS HEREUNDER SHALL BE GOVERNED BY THE LAWS OF THE
COMMONWEALTH OF MASSACHUSETTS AND THIS PROMISSORY NOTE SHALL BE DEEMED TO BE
UNDER SEAL.

                             TRANSWITCH CORPORATION

              By: /s/ Michael F. Stauff
                  ----------------------------------
                  Michael F. Stauff, SVP & Treasurer

                                       3

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