Document:

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EXHIBIT 4.47

                            FIRST AMENDMENT AGREEMENT

         This First Amendment Agreement ("First Amendment") is entered into and
effective as of April 26, 2002, by and between Telenetics Corporation, a
California corporation ("Company"), and Rutan & Tucker, LLP, a California
limited liability partnership ("holder").

                                 R E C I T A L S
                                 ---------------

         A. The Company is indebted to the holder under a 6% Convertible
Subordinated Secured Promissory Note due 2003 in the original principal amount
of $474,852.32 ("Note") that was made by the Company in favor of the holder
pursuant to the terms of an Agreement dated as of June 25, 2001 by and between
the Company and the holder ("Debt Agreement"). The Note was made to evidence
indebtedness that the Company owed to the holder as a result of services
provided by the holder to the Company and is secured pursuant to a Security
Agreement entered into as of June 25, 2001 by and between the Company and the
holder ("Security Agreement").

         B. As of the date hereof, the Company owed to the holder certain
principal and accrued but unpaid interest under the Note ("Past Services
Balance") and additional amounts as a result of additional services rendered by
the holder to the Company ("Additional Services Balance").

         C. The Company and the holder desire to amend the Note, the Security
Agreement and the Debt Agreement on the terms set forth in this First Amendment.

                                A G R E E M E N T
                                -----------------

         In consideration of the foregoing recitals and the agreements contained
in this First Amendment, the parties agree as follows:

         1. The principal sum of the Note as of the date of this First Amendment
hereby is amended to include the sum of the Past Services Balance and the
Additional Services Balance. Commencing on May 1, 2002 and continuing on the
first day of each month thereafter until this Note is paid in full (each a
"Future Addition Date"), any and all amounts of fees and costs that become due
from the Company to the holder in connection with the holder's provision of
services to the Company during the month preceding the Future Addition Date
shall be added to the principal sum of this Note unless the holder, in its sole,
absolute and unfettered discretion, elects not to make such addition to the
principal balance of this Note.

         2. The interest rate of the Note hereby is decreased from 6% per annum
to 3% per annum (computed on the basis of a 360-day year of twelve 30-day
months) for interest accruing under the Note on or after the date of this First
Amendment; provided, however, that if an Event of Default has occurred and is
continuing, then the interest rate of the Note shall be equal to the lesser of
6% per annum or the highest amount permitted by law.

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         3. Paragraph 1 of the Note hereby is amended to read in its entirety as
follows:

                  1. PAYMENTS OF PRINCIPAL AND INTEREST. Principal and interest
shall be payable in 21 successive monthly payments commencing on May 1, 2002 and
continuing on the first day of each month thereafter, with the first 20 monthly
payments to be at least $30,000.00 each and the final payment to be in the
amount of the unpaid principal balance plus all accrued and unpaid interest and
any other amounts payable under this Note. Payments shall be applied first
against accrued interest and then against outstanding principal and any other
amounts payable under this Note. All payments of principal of and interest on
this Note shall be in such coin or currency of the United States of America as
at the time of payment shall be legal tender for payment of public and private
debts.

         4. Paragraph 9(a) of the Note hereby is amended to read in its entirety
as follows:

                  (a) The Company will duly and punctually pay the principal of
and interest on this Note in accordance with the terms of this Note. In
addition, the Company shall use its best efforts to make prepayments of any and
all amounts due under this Note at the earliest practicable dates.

         5. Paragraph 10(d) of the Note hereby is amended to read in its
entirety as follows:

                  (d) Whenever used in this Note, the words "Company" and
"holder" shall be deemed to include their respective successors and assigns. The
Company may not assign its obligations under this Note, by operation of law or
otherwise, without the prior written consent of the holder, which consent may be
withheld in the holder's absolute discretion. This Note and any rights related
hereto may not be assigned by the holder of this Note to any third party, and
this note is non-negotiable and may not be transferred by endorsement or
delivery.

         6. The Security Agreement remains in full force and effect. The Company
acknowledges that the Security Agreement was intended to and does secure the
Note, as amended by this First Amendment.

         7. The Debt Agreement hereby is modified to the extent necessary to
reflect the terms of this First Amendment. The Company and the holder
acknowledge and agree that the registration and indemnification obligations of
the Company contained in the Debt Agreement apply to all additional shares of
common stock that become issuable upon conversion of the Note, as the Note is
amended by this First Amendment and as the Note may be further amended from time
to time.

         8. Each party affirms as of the date of this First Amendment the
representations and warranties that it made to the other party in Section 3 or
Section 4 of the Debt Agreement.

         9. Except as expressly modified above, the provisions of the Note, the
Security Agreement and the Debt Agreement remain in full force and effect.

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         10. THE COMPANY ACKNOWLEDGES THAT THE HOLDER IS THE COMPANY'S LEGAL
COUNSEL, AND THAT AS A RESULT THE HOLDER HAS A CONFLICT OF INTEREST INSOFAR AS
IT HAS PARTICIPATED IN THE NEGOTIATION AND PREPARATION OF THIS FIRST AMENDMENT
AND ANY OTHER RELATED AGREEMENTS. THE COMPANY IRREVOCABLY AND PERMANENTLY WAIVES
ANY SUCH CONFLICT OF INTEREST ON THE PART OF THE HOLDER, AND ACKNOWLEDGES THAT
IT HAS BEEN ADVISED TO OBTAIN SEPARATE LEGAL REPRESENTATION IN CONNECTION WITH
THIS FIRST AMENDMENT AND TRANSACTIONS RELATING THERETO.

         IN WITNESS WHEREOF, the undersigned duly authorized representatives of
the holder and the Company have executed and delivered this First Amendment as
of April 26, 2002.

                  COMPANY:           TELENETICS CORPORATION

                                     By:     /s/ David Stone
                                            ------------------------------------
                                            David Stone, Chief Financial Officer

                  HOLDER:            RUTAN & TUCKER, LLP

                                     By:     /s/ Larry Cerutti
                                            ------------------------------------
                                            Larry A. Cerutti, Partner

                                       3<PAGE>
EXHIBIT 10.49

                               SECURITY AGREEMENT

         THIS SECURITY AGREEMENT is made and entered into on May 21, 2002,
between Telenetics Corporation, a California corporation ("Debtor"), and Corlund
Electronics, Inc., a Delaware corporation ("Secured Party").

                                    ARTICLE 1

                           Grant of Security Interest
                           --------------------------

         1. As an inducement to Secured Party to extend or continue to extend
credit to Debtor and for other good and valuable consideration, receipt of which
is hereby acknowledged, Debtor hereby grants to Secured Party a security
interest in all of the property described in Exhibit "A" attached hereto and
incorporated by this reference, in which Debtor now has or hereafter acquires an
interest and wherever located (all of which is herein called the "Collateral").

                                    ARTICLE 2

                               Secured Obligations
                               -------------------

         2. The security interest granted in Article 1 is granted to secure the
following obligations ("Secured Obligations"):

                  2.1. Payment of all obligations of Debtor to Secured Party for
products manufactured and delivered to Debtor, such indebtedness being evidenced
by one or more accounts payable of Debtor to Secured Party (the "Payables")

                  2.2. Performance of and compliance with all of the terms,
covenants and conditions of this Security Agreement, and all other agreements,
instruments and documents securing the obligations of Debtor under the Payables
or executed by Debtor in connection with the transaction giving rise to the
execution of such Payables.

                                    ARTICLE 3

               Representations, Warranties and Covenants of Debtor
               ---------------------------------------------------

         3. Debtor hereby represents and warrants to and agrees with Secured
Party as follows:

                  3.1. Debtor will observe all conditions, comply with all
terms, and perform all acts and discharge all obligations secured hereby.

                  3.2. Debtor will (a) execute any and all financing
statements, amendments to financing statements, continuation statements, fixture
filings and such other agreements, assignments and documents that Secured Party
may reasonably request from time to time in order to perfect or continue the
security interest of Secured Party in the Collateral or otherwise carry out the
purposes and intent of this Security Agreement and (c) take such other steps as
Secured Party may direct, including the noting of Secured Party's lien on the
Collateral, to perfect or continue the security interest of Secured Party in the
Collateral.

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                  3.3. To the extent lawful, Debtor hereby authorizes Secured
Party to perform any act which Secured Party may deem necessary in order to
protect and preserve the Collateral or any part thereof or to perfect and
continue the security interest of Secured Party therein.

                  3.4. The Collateral is used and will at all times hereafter
be used primarily for business purposes and not for personal, family or
household purposes.

                  3.5. Debtor will promptly notify Secured Party in the event
of (a) any claim or proceeding that might in any way affect or impair the
security interest created hereby, (b) any default arising under this Security
Agreement, or (c) any change in the name, place of business, mailing address or
legal form of organization of Debtor.

                                    ARTICLE 4

                            Acts Constituting Default
                            -------------------------

         4. The happening of any of the following events shall constitute a
default by Debtor under this Security Agreement:

                  4.1. A court having jurisdiction shall enter a decree or
order for relief in respect of Debtor in an involuntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, or appointing a receiver, trustee, liquidator, custodian or other
similar official of Debtor or for any substantial part of its property, or
ordering the winding up or liquidation of its affairs, and such decree or order
shall remain unstayed and in effect for a period of sixty (60) consecutive days;
provided, however, that if Secured Party is a party to bringing such case,
directly or indirectly causes such case to be brought, or has any other
involvement in the events described in this Section 4.1 (i.e., Secured Party is
involved in obtaining the involuntary bankruptcy of Debtor), the events of this
Section 4.1 shall not result in a default by Debtor under this Security
Agreement; or

                  4.2. Debtor shall commence a voluntary case under any
applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, or shall consent to the entry of an order for relief in any involuntary
case under any such law, or shall consent to the appointment of or taking
possession by a receiver, trustee, liquidator, custodian or other similar
official of Debtor or for any substantial part of its property, or shall make a
general assignment for the benefit of creditors; provided, however, that if
Secured Party is a party to bringing the involuntary case consented to by
Debtor, or directly or indirectly causes such involuntary case to be brought
against Debtor, the consent to such order or appointment shall not result in a
default by Debtor under this Security Agreement.

                                   ARTICLE 5

                      Secured Party's Remedies Upon Default
                      -------------------------------------

         5. Upon, or at any time after, a default by Debtor, as set forth above,
Secured Party shall have the right to enforce the security interest created
hereby in any manner provided or permitted by applicable law and to exercise any
and all rights under this Security Agreement, the Payables or any other
agreement, instrument or document described in Section 2.2. Without limiting the
generality of the foregoing, Secured Party shall have the right to:

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                  5.1. Declare the entire indebtedness secured hereby
immediately due and payable;

                  5.2. Exercise all rights and remedies of a secured party under
the California Uniform Commercial Code;

                  5.3. Require Debtor to assemble the Collateral and make it
available to Secured Party at a place designated by Secured Party which is
reasonably convenient to both parties;

                  5.4. Enter upon the premises where the Collateral is kept and
possess and remove the same without judicial process if Secured Party can do so
without a breach of the peace, or proceed by legal action to take possession of
the Collateral;

                  5.5. Notify an account debtor or the obligor on an instrument
to make payment to Secured Party, and take control of any proceeds to which
Secured Party is entitled;

                  5.6. Retain the Collateral in satisfaction of the Secured
Obligations;

                  5.7. Execute, acknowledge, deliver, file and record, for and
on behalf of Debtor and in Debtor's name as attorney-in-fact for Debtor, such
assignments, conveyances, certificates and other documents that Secured Party
deems appropriate to realize upon or retain the Collateral; and

All rights and remedies herein provided are cumulative and not exclusive of any
rights or remedies otherwise provided by law. Any single or partial exercise of
any right or remedy shall not preclude the further exercise thereof or the
exercise of any other right or remedy.

                                   ARTICLE 6

                                     Notices
                                     -------

         6. The following shall control the giving of any notice hereunder:

                  6.1. Unless the Collateral is perishable or threatens to
decline speedily in value or is of a type customarily sold on a recognized
market, Secured Party will give Debtor (if Debtor has not waived or varied its
right to notice after default) reasonable notice of the time and place of any
public sale thereof or of the time on or after which any private sale or other
intended disposition thereof is to be made.

                  6.2. The requirements of reasonable notice shall be met if
such notice is mailed, postage prepaid, to Debtor's address at least five (5)
business days before the date of any sale or disposition.

                  6.3. Any notice provided for in this Security Agreement shall
be in writing and shall be delivered personally or may be sent by first class
mail, registered or certified, return receipt requested, postage prepaid to:

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         Secured Party                         Debtor
         -------------                         ------

         14101 Myford Road                     25111 Arctic Ocean
         Tustin, CA 92780                      Lake Forest, CA 92630
         Attn: Chief Financial Officer         Attn: Chief Financial Officer

                  6.4. Any notice mailed to Debtor will be deemed effective
three (3) business days after deposit in the United States mails.

                  6.5. Debtor shall provide to Secured Party a complete and
up-to-date listing of the names and addresses of all parties to whom notices
should be mailed. Unless Debtor has, in writing by return receipt certified or
registered mail, informed Secured Party of any changes in address, notice mailed
to the address in this Security Agreement shall be deemed to be effective.

                                    ARTICLE 7

                               General Provisions
                               ------------------

         7. This Security Agreement is subject to and shall be construed in
accordance with the following provisions:

                  7.1. This Agreement applies to and shall inure to the benefit
of the successors and assigns of Secured Party and shall bind the successors and
assigns of Debtor.

                  7.2. This Agreement sets forth the entire agreement between
Debtor and Secured Party with respect to all matters herein, and the provisions
hereof may not be changed or modified except by an instrument in writing signed
by the parties hereto.

                  7.3. All covenants, agreements, representations and warranties
made herein or in documents delivered pursuant hereto or in connection herewith
shall be deemed to have been material and relied upon by Secured Party and shall
survive the execution and delivery to Secured Party.

                  7.4. Time is of the essence of this Agreement.

                  7.5. No course of dealing between Debtor and Secured Party, or
failure, neglect or delay by Secured Party in exercising any and all of Secured
Party's rights hereunder shall operate as a waiver, forfeiture or abandonment of
any such right except only to the extent explicitly waived in writing.

                  7.6. This Agreement is being delivered and is intended to be
performed in the State of California and shall be construed in accordance with
the laws of the State of California. Venue in any action based upon this
Agreement shall be proper in Orange County.

                  7.7. In the event any provision or provisions hereof are
adjudged invalid or unenforceable, the remaining provisions shall continue in
full force and effect.

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                  7.8. In any arbitration or suit brought to enforce any of the
provisions of this or any other agreement between Secured Party and Debtor, upon
request of Secured Party as plaintiff or cross-complainant, the arbitrator or
court having jurisdiction over such proceeding may appoint a receiver to take
possession of and control the Collateral, and such receiver may exercise such
powers over the Collateral as the arbitrator or court shall confer. Secured
Party may obtain the appointment of a receiver ex parte and Debtor waives the
right to any prior notice.

                  7.9 The security interest created hereby shall terminate upon
the earlier to occur of the following: (a) full payment and discharge of all
Secured Obligations or (b) full payment of all accounts receivable of Debtor
that have been assigned to Secured Party. Upon such termination, Secured Party
shall execute and deliver to Debtor such termination statements and other
documents as may be reasonably requested by Debtor to terminate any financing
statement then on file or of record with respect to the security interest
created hereby.

                  7.10 Secured Party agrees with Debtor that in the event Debtor
is able to secure financing from a senior lender after the date of this
Agreement and prior to the termination of this Agreement, Secured Party shall
execute and deliver to Debtor such documents as may be reasonably requested by
Debtor and such senior lender to subordinate Secured Party's security interest
to the security interest granted to the senior lender.

         IN WITNESS WHEREOF, the parties have caused this Security Agreement to
be executed and delivered on the date first written above.

DEBTOR:

Telenetics Corporation, a California corporation

By: /s/ David Stone
    -----------------------------
      Its: President
           ----------------------

By: /s/ George Rombach
    -----------------------------
      Its: Assistant Secretary
           ----------------------

SECURED PARTY:

Corlund Electronics, Inc,.a Delaware corporation

By: /s/ Gregory Morris
    -----------------------------
      Its: Secretary
           ----------------------

                                       5
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                                   EXHIBIT "A"

                                   COLLATERAL

(1) All accounts, contract rights, chattel paper, and instruments, and all other
obligations now or hereafter owing to Debtor and (2) all substitutions,
additions and accessions to any or all of the foregoing items of Collateral.

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