Document:

Exhibit 10.7

                              EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT, dated as of the 12th day of July 2001, between Laidlaw
Global Corporation ("Employer"), and Harit Jolly ("Executive")

                                   WITNESSETH

WHEREAS, Executive possesses an intimate knowledge of the business and affairs
of Employer, its policies, methods, personnel, opportunities and problems;

WHEREAS, Employer desires to assure itself of Executive's continued employment
by Employer and to compensate him for such efforts; and

WHEREAS, Executive is desirous of committing himself to serve Employer on the
terms herein provided;

NOW, THEREFORE, In consideration of the covenants herein contained, the parties
hereto hereby agree as follows:

1. Employment. Executive is hereby employed as the President and Chief Operating
Officer of Employer with primary responsibility over the Investment Banking
Division of Laidlaw Global Securities, Inc. ("LGS"). Executive, shall have
supervision and control over the operations and affairs of LGS, and shall have
such other powers and duties as may be from time to time assigned to him by the
Board of Directors of Employer (the "Board"), and Executive hereby accepts such
employment, all subject to the terms and conditions herein contained. Executive
hereby agrees that during the period of his employment hereunder he shall devote
substantially all of his business time, attention and skills to the business and
affairs of Employer and its subsidiaries.

2. Place of Performance. In connection with his employment by Employer,
Executive shall be based at Employer's principal executive offices where same
may be located from time to time.

3. Compensation.

      a.    Base Salary. Employer shall pay to Executive, and Executive shall
            accept, for all services which may be rendered by him pursuant to
            this Agreement, a base salary ("Base Salary") as hereinafter set
            forth. The Base Salary during the term of this Agreement shall
            initially be at the annual rate of $125,000 per year. The Base
            Salary shall be increased to the annual rate of $150,000 forthwith
            upon Employer obtaining, at any time after the date hereof, debt or
            equity funding of at least $3,000,000.

                                     -1-
<PAGE>

            Any increase in Base Salary or other compensation granted by
            Employer, the Board or any committee thereof shall in no way limit
            or reduce any other obligation of Employer hereunder and, once
            established at an increased specified rate Executive's Base Salary
            hereunder shall not thereafter be reduced, other than as
            necessitated by Employer's adverse financial condition. Executive's
            salary shall be payable in accordance with Employer's payroll
            practices as from time to time in effect.

      b.    Bonus In addition to Base Salary, Executive shall be entitled to a
            minimum annual performance bonus of the greater of (i) $25,000
            payable in January of each year during the term of the Agreement; or
            (ii) 10% of the annual net income of the Investment Banking Division
            of LGS, after adjusting same for allocation of direct overhead and
            applicable income, franchise or other tax on the income of such
            division, payable in January of each year during the term of this
            Agreement.

      c.    Expenses. During the term of his employment hereunder, Executive
            shall be entitled to receive prompt reimbursement for all reasonable
            expenses incurred by him in performing services hereunder, provided
            that Executive properly accounts therefor in accordance with
            Employer's policy relating thereto. Without limiting the generality
            of the foregoing, the parties agree that any travel Executive
            undertakes in connection with the performance of his duties
            hereunder shall be in business class or better, and Employer shall
            reimburse Executive for such expenses.

      d.    Benefit Plans. Executive shall be entitled to participate in or
            receive benefits under any employee benefit plan or arrangement
            currently available, or made available by Employer in the future, to
            its executives and key management employees, subject to and on a
            basis consistent with the terms, conditions and overall
            administration of such plan or arrangement. Employer shall not make
            any changes in any employee benefit plans or arrangements in effect
            on the date hereof or during the term of this Agreement in which
            Executive participates (including, without limitation, any pension
            and retirement plan, supplemental pension and retirement plan,
            savings and profit sharing plan, stock ownership plan, stock
            purchase plan, stock option plan, life insurance plan, medical
            insurance plan, disability plan, dental plan, health-and- accident
            plan or arrangement) which would adversely effect Executive's rights
            or benefits thereunder, unless such change occurs pursuant to a
            program applicable to all executives of Employer and does not result
            in a proportionately greater reduction in the rights of or benefits
            to Executive as compared with any other executive of Employer. Any
            payments or benefits payable to Executive hereunder in respect of
            any calendar year during which Executive is employed by Employer for
            less than the entire such year shall, unless otherwise provided in
            the applicable plan or arrangement, be prorated in accordance with
            the number of calendar days in such calendar year during which he is
            so employed.

                                     -2-
<PAGE>

      e.    Vacations, Holidays and Sick Leave. Executive shall be entitled to
            the number of paid holidays, personal days off, vacation days and
            sick leave days in each calendar year as are determined by Employer
            from time to time for its senior executive officers, but not less
            than four (4) weeks in any calendar year (prorated, in any calendar
            year during which Executive is employed under this Agreement for
            less than the entire such year, in accordance with the number of
            calendar days in such calendar year during which he is so employed).
            Vacation may be taken in Executive's discretion, so long as it is
            not inconsistent with the reasonable business needs of Employer.
            Executive shall be entitled to accrue from year to year all vacation
            days not taken by him.

      f.    Perquisite. Executive shall be entitled to continue to receive the
            perquisites and fringe benefits appertaining to the office of the
            President and Chief Operating Officer of Employer in accordance with
            present practice and appropriate to the industry.

      g.    Base Salary Not Effected by Other Benefits. None of the benefits to
            which Executive is entitled under any of the provisions of Sections
            3 (b) - 3 (g) hereof shall in any manner reduce or be deemed to be
            in lieu of the Base Salary payable to Executive pursuant to Section
            3(a) hereof.

4. Term of Employment. The employment by Employer of Executive pursuant hereto
shall commence as of the effective date (the "Effective Date") and, subject to
the provisions of Section 5 hereof, shall terminate three (3) years after the
Effective Date (the "Termination Date") . This Agreement shall automatically be
extended for one additional year beyond the Termination Date (the "Extended
Termination Date") unless at least thirty (30) calendar days prior to the
Termination Date, Executive or Employer shall have given notice that he or it
does not wish to extend this Agreement.

5. Premature Termination. Anything in this Agreement contained to the contrary
notwithstanding:

      a.    Death. Executive's employment hereunder shall terminate forthwith
            upon the death of Executive.

      b.    Disability. Executive's employment hereunder shall terminate, at the
            option of Employer, in the event that the Board makes a good faith
            determination that Executive suffers from Disability (as hereinafter
            defined) so as to be unable to substantially perform his duties
            hereunder for an aggregate of one hundred and eighty (180) calendar
            days during any period of twelve (12) consecutive months. As used in
            this Agreement, the term "Disability" shall mean the material
            inability, in the opinion of three-fourths (3/4) of the entire
            membership of the Board set forth in a resolution giving the
            particulars thereof, of Executive to render his agreed-upon services
            to Employer due to physical and/or mental infirmity, which opinion
            is concurred in by a physician or psychiatrist reasonably
            satisfactory to Employer and Executive or his duly appointed
            representative or guardian.

                                     -3-
<PAGE>

      c.    Cause. Employer may terminate Executive's employment hereunder for
            Cause. For purposes of this Agreement, Employer shall have "Cause"
            to terminate Executive's employment hereunder upon (i) the willful,
            intentional and continued failure by Executive to substantially
            perform his duties hereunder (other than any such failure resulting
            from Executive's incapacity due to physical or mental illness) after
            demand for substantial performance is delivered by Employer
            specifically identifying the manner in which Employer believes
            Executive has not substantially performed his duties and a
            continued, intentional disregard of such demand or (ii) the willful
            engaging by Executive in conclusively proven misconduct which is
            materially injurious to Employer, monetarily or otherwise, or (iii)
            the willful violation by Executive of the provisions of Section 7
            hereof provided that such violation results in material injury to
            Employer. No act, or failure to act, on Executive's part shall be
            considered "willful" unless done, or omitted to be done, by him not
            in good faith and without reasonable belief that his action or
            omission was in the best interest of Employer. Notwithstanding the
            foregoing, Executive shall not be deemed to have been terminated for
            Cause unless and until there shall have been delivered to Executive
            a copy of a resolution, duly adopted by the affirmative vote of not
            less than three-fourths (3/4) of the entire membership of the Board
            at a meeting of the Board called and held for such purpose (after
            reasonable notice to Executive and an opportunity for him, together
            with his counsel, to be heard before the Board), finding that, in
            the good faith opinion of the Board, Executive conducted, or failed
            to conduct, himself in a manner set forth above in clause (1), (ii),
            or (iii) of this Section 5(c), and specifying the particulars
            thereof in detail.

      d.    Termination by Executive. Executive may terminate his employment
            hereunder Ci) for Good Reason (as hereinafter defined) or (ii) if
            his physical or mental health becomes impaired to an extent that
            makes the continued performance of his duties hereunder hazardous to
            his .physical or mental health or his life, provided that Executive
            shall have furnished Employer with a written statement from a doctor
            or psychiatrist to such effect, and provided further, that, at
            Employer's request and expense, Executive shall submit to an
            examination by a physician or psychiatrist selected by Employer and
            such physician or psychiatrist shall have concurred in the
            conclusion of Executive's physician or psychiatrist. Until Executive
            terminates his employment pursuant to clause (ii) of this Section 5
            Cd), he shall continue to receive his full Base Salary, payable at
            the time such payments are due.

      e.    "Good Reason" Defined. For purposes of this Agreement, "Good Reason"
            shall mean Ci) a Change in Control (as hereinafter defined) of
            Employer, or (ii) any limitation of the powers of Executive, or
            (iii) any removal of Executive as, or any failure to re- elect
            Executive to his title hereunder except in connection with
            termination of Executive's employment for Cause (as hereinafter
            defined) or Disability; provided, however, that any removal of
            Executive as, or any failure to re-elect Executive (except in
            connection with termination of Executive's employment for Cause or
            Disability) shall not diminish or reduce

                                     -4-
<PAGE>

            the obligations of Employer to Executive under this Agreement. or
            (iv) the failure of Employer to obtain the assumption of the
            agreement to perform this Agreement by any successor to Employer, as
            provided for in Section 8 hereof.

      f.    "Change of Control" Defined. For purposes of this Agreement, a
            "Change in Control" (as hereinafter defined) of Employer shall be
            deemed to have occurred if (i) any "person" (as such term is used in
            Section 13 Cd) of the Securities Exchange Act of 1934 (the "Exchange
            Act"), other than Employer or any "group" (as such term is defined
            in Section 13(d) (3) of the Exchange Act) of which they are a
            member, is or becomes the "beneficial owner" (as defined in Rule
            13d-3 under the Exchange Act), directly or indirectly, of securities
            of Employer representing twenty percent (20%) of more of the
            combined voting power of Employer's then outstanding securities, or
            (ii) during any period of two (2) consecutive years during the term
            of this Agreement, individuals who at the beginning of such period
            constitute the Board cease for any reason to constitute at least a
            majority thereof, unless the election of each director who was not a
            director at the beginning of such period has been approved in
            advance by directors representing at least two-thirds (2/3) of the
            directors then in office who were directors at the beginning of the
            period.

      g.    Notice of Termination. Any termination of Executive's employment by
            Employer or by Executive (other than termination pursuant to Section
            5(a) hereof) shall be communicated by written Notice of Termination
            to the~other party hereto. For purposes of this Agreement, a "Notice
            of Termination" shall mean a notice which shall indicate the
            specific termination provision in this Agreement relied upon and
            shall set forth in reasonable detail the facts and circumstances
            claimed to provide a basis for termination of Executive's employment
            under the provision so indicated.

      h.    Date of Termination.____________________ "Date of Termination" shall
            mean (i) if Executive's employment is terminated by his death, the
            date of his death, (ii) if Executive's employment is terminated
            pursuant to Section 5(b) hereof, thirty (30) calendar days after
            Notice of Termination is given (provided that Executive shall not
            have returned to the performance of his duties on a full-time basis
            during such thirty (30) day period), (iii) if Executive's employment
            is terminated pursuant to Section 5(c) hereof, the date specified in
            the Notice of Termination, and (iv) if Executive's employment is
            terminated for any other reason, the date on which a Notice of
            Termination is given; provided, however, that if, within thirty (30)
            calendar days after any Notice of Termination is given, the party
            receiving such Notice of Termination notifies the other party that a
            dispute exists concerning the termination, the Date of Termination
            shall be the date on which the dispute is finally determined, either
            by mutual written agreement of the parties, by a binding and final
            arbitration award or by a final judgment order or decree of a court
            of competent jurisdiction (the time for appeal therefrom having
            expired and no appeal having been perfected)

                                     -5-
<PAGE>

6. Payments and Benefits Upon Early Termination.

      a.    Early Termination for Death, Disability or Cause. Upon the
            termination of this Agreement prior to the Termination Date (or, if
            this Agreement shall have been extended to the Extended Termination
            Date, as provided in Section 4 hereof, prior to the Extended
            Termination Date) (X) by Employer as a result of death, Disability
            or termination of Executive for Cause or (Y) by Executive for any of
            the reasons set forth in clause (ii) of Section 5(d) hereof,
            Employer shall pay Executive:

            i.    his Base Salary through the Date of Termination at the rate in
                  effect at the time of Notice of Termination is given or, in
                  the case of the death of Executive, the Date of Termination,
                  payable at the time such payments are due; and

            ii.   all other amounts to which Executive is entitled, including,
                  without limitation, expense reimbursement amounts accrued to
                  the Date of Termination or amounts under any benefit plan of
                  Employer, at the time such payments are due.

      b.    Early Termination Other than for Death, Disability or Cause. Upon
            the termination of this Agreement prior to the Termination Date (or,
            if this Agreement shall have been extended to the Extended
            Termination Date, as provided in Section '4 hereof, prior to the
            Extended Termination Date) (X) by Employer other than for death,
            Disability or Cause or (Y) by Executive for Good Reason or as a
            result of a breach of this Agreement by Employer, Employer shall pay
            to Executive:

            i.    this Base Salary through the Termination Date at the rate in
                  effect at the time Notice of Termination is given, payable at
                  the time such payments are due (or, if this Agreement shall
                  have been extended to the Extended Termination Date, as
                  provided in Section 4 hereof, his Base Salary through the
                  Extended Termination Date at the rate in effect at the time
                  Notice of Termination is given, payable at the time such
                  payments are due);

            ii.   An amount equal to one year of Base Salary at the rate in
                  effect at the time Notice of Termination is given payable on
                  the Termination Date or the Extended Termination Date,
                  whichever date is applicable.

            iii.  all other amounts to which Executive is entitled, including,
                  without limitation, expense reimbursement amounts accrued to
                  the Date of Termination or amounts under any benefit plan of
                  Employer, at the time such payments are due; and

      c.    Mitigation Not Required. Executive shall not be required to mitigate
            the amount of any payment provided for in this Section 6 by seeking
            other employment or otherwise, nor shall the amount of any payment
            provided for in this Section 6 be reduced by any compensation earned

                                     -6-
<PAGE>

            by Executive as the result of employment by another employer after
            the Date of Termination, or otherwise.

7. Non-disclosure;

      a.    Confidential Information. Executive shall not, to the detriment of
            Employer, knowingly use for his own benefit or disclose or reveal to
            any unauthorized person, any trade secret or other confidential
            information received by Executive in the course of his employment or
            engagement in any capacity by Employer which relates to Employer or
            to any of the businesses operated by it, including, but not limited
            to, any customer lists, customer needs, price and performance
            information, specifications, hardware, software, devices, supply
            sources and characteristics, business opportunities, marketing,
            promotional, pricing and financing techniques, or other information
            relating to the business of Employer, and Executive confirms that
            such information constitutes the exclusive property of Employer.
            However, said restriction on confidential information shall not
            apply to information which+/-5: Ci) generally available in the
            industry in which Employer operates, (ii) disclosed in published
            literature or (iii) obtained by Executive from a third party without
            binder or secrecy. Executive agrees that, except as otherwise
            expressly~agreed to by Employer, he will return to Employer,
            promptly upon the request of the Board or any executive officer
            designated by the Board, any physical embodiment of such
            confidential information.

      b.    Remedies. Executive recognizes that the possible restrictions on his
            activities which may occur as a result of his performance of his
            obligations under this Section 7 are required for the reasonable
            protection of Employer and its investments, and Executive expressly
            acknowledges that damages alone will be an inadequate remedy for any
            breach or violation of this Section 7, and that Employer, in
            addition to all other remedies at law or in equity, shall be
            entitled, as a matter of right, to injunctive relief, including
            specific performance, with respect to any such breach or violation,
            in any court of competent jurisdiction. If any of the provisions of
            this Section 7 are held to be in any respect an unreasonable
            restriction upon Executive, then they shall be deemed to extend only
            over the maximum period of time, geographic area, and/or range of
            activities as to which they may be enforceable.

      c.    Nonexclusive. The undertakings of Executive contained in Sections
            7(a), 7(b) and 7(c) hereof shall be in addition to, and not in lieu
            of, any obligations which he may have with respect to the subject
            matter hereof, whether by contract, as a matter of law or otherwise.

8. Successors; Benefits.

      a.    Successors. Employer shall require any successor (whether direct or
            indirect, by purchase, merger, consolidation or otherwise) to all or
            substantially all of the business and/or assets of Employer, by
            agreement in form and substance satisfactory to Executive, to
            expressly

                                     -7-
<PAGE>

            assume and agree to perform this Agreement in the same manner and to
            the same extent that Employer would be required to perform it if no
            such succession had taken place. Failure of Employer to obtain such
            agreement prior to the effectiveness of any such succession shall be
            a breach of this Agreement and shall entitle Executive to
            compensation from Employer in the same amount and on the same terms
            as he would be entitled to hereunder if he terminated his employment
            for Good Reason, except that for purposes of implementing the
            foregoing, the date on which any such succession becomes effective
            shall be deemed the Date of Termination. As used in this Agreement,
            "Employer" shall mean Employer as hereinbefore defined and any
            successor to its business and/or assets as aforesaid which executes
            and delivers the agreement provided for in this Section 8 or which
            otherwise becomes bound by all the terms and provisions of this
            Agreement by operation of law.

      b.    Benefits. This Agreement and all rights of Executive hereunder shall
            inure to the benefit of and be enforceable by Executive's personal
            or legal representatives, executors, administrators, successors,
            heirs, distributes, devisees and legatees. If Executive should die
            while any amounts would still be payable to him hereunder if he had
            continued to live, all such amounts, unless otherwise provided
            herein, shall be paid in accordance with the terms of this Agreement
            to Executive's devisee, legatee, or other designee or, if there be
            no such designee, to Executive's estate.

9. Miscellaneous Provisions.

      a.    Execution in Counterparts. This Agreement may be executed in one or
            more counterparts, and by the different parties hereto in separate
            counterparts, each of which shall be deemed to be an original but
            all of which taken together shall constitute one and the same
            agreement.

      b.    Notices. All notices, requests, demands and other communications
            hereunder shall be in writing and shall be deemed to have been duly
            given or made as of the date delivered, if delivered personally, or
            three (3) calendar days after having been mailed, if mailed by
            registered or certified mail, postage prepaid, return receipt
            requested, as follows:

            If to Employer, to:    Laidlaw Global Corporation
                                   100 Park Avenue
                                   New York, NY 10017
                                   Attn: Chairman of the Board

            If to Executive, to:   Harit Jolly

                                   -----------------------

                                   -----------------------

                                     -8-
<PAGE>

            or to such other address as either party hereto shall have
            designated by like notice to the other party hereto (except that a
            notice of change of address shall only be effective upon receipt)

      c.    Amendment. This Agreement may only be amended by a written
            instrument executed by each of the parties hereto.

      d.    Entire Agreement. This Agreement constitutes the entire agreement of
            the parties hereto with respect to the subject matter hereof, and
            supersedes all prior agreements and understandings of the parties
            hereto, oral and written, with respect to the subject matter hereof.

      e.    Applicable Law. This Agreement shall be governed by the laws of the
            State of New York applicable to contracts made and to be wholly
            performed therein.

      f.    Headings. The headings contained herein are for the sole purpose of
            convenience of reference and shall not in any way limit or affect
            the meaning or interpretation of any of the terms or provisions of
            this Agreement.

      g.    Waiver, etc. The failure of either of the parties hereto to at any
            time enforce any of the provisions of this Agreement shall not be
            deemed or construed to be a waiver of any such provision, nor to in
            any way affect the validity of this Agreement or any provision
            hereof or the right of either of the parties hereto to thereafter
            enforce each and every provision of this Agreement. No waiver of any
            breach of any of the provisions of this Agreement shall be effective
            unless set forth in a written instrument executed by the party
            against whom or which enforcement of such waiver is sought; and no
            waiver of any such breach shall be construed or deemed to be a
            waiver of any other or subsequent breach and delivered by the
            parties hereto as of the date first above written.

IN WITNESS WHEREOF, the undersigned have set their hands and seals as of the
first above written.

                                          Laidlaw Global Corporation

                                          By:
                                                 -------------------------------
                                          Name:
                                                 -------------------------------
                                          Title:
                                                 -------------------------------

                                                 -------------------------------
                                                          Harit Jolly

                                     -9-<PAGE>
                                                                    Exhibit 10.2

                                                               [IBM LOGO]
                                                           5600 Cottle Road
                                                       San Jose, CA   95193 0001

April 5, 2002

Brocade Communications Systems, Inc.
1901 Guadalupe Parkway
San Jose, CA  95131

Attention:  Mr. Patrick Johnston

Subject:  Amendment 5 to SOW#1 of the IBM/Brocade Goods Agreement ROC-P-68

Dear Patrick:

This letter (the "Amendment") serves as Amendment Number 5 to SOW#1, including
all amendments thereto ("SOW#1") of the Goods Agreement ROC-P-68, including all
amendments thereto (the "Goods Agreement") which the parties hereto do mutually
agree to amend as follows:

1.      Delete pricing table in its entirety Section 2.1, "Pricing," and replace
        with the following:

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
        IBM P/N / NUMA-Q
              P/N                 BROCADE P/N                     DESCRIPTION                 UNIT PRICE
--------------------------------------------------------------------------------------------------------------
<S>                               <C>                     <C>                                 <C>
[*]                               [*]                     8-Port Fibre Channel Switch          [*]
                                                          Single Power Supply (SW2400)
                                                          Includes SES, Web tools,
                                                          Zoning and Fabric Watch -
                                                          whole unit switch Product
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     16 Port Fibre Channel                [*]
                                                          Switch Single Power Supply
                                                          (SW2800) Includes SES, Web
                                                          tools, Zoning and Fabric
                                                          Watch - whole unit switch
                                                          Product
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Silkworm 2000 Power Supply           [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Mainboard, SW 2400 (8-port)          [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Fan Tray, SW 2400 (8-port)           [*]
--------------------------------------------------------------------------------------------------------------
</TABLE>

*    Certain information on this page has been omitted and filed separately with
     the SEC. Confidential treatment has been requested with respect to the
     omitted portions.

                                       1
<PAGE>
<TABLE>
<S>                               <C>                     <C>                                  <C>
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Chassis, SW 2400 (8-port)            [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Mainboard, SW 2800                   [*]
[*]                                                       (16-port)
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Fan Tray, SW 2800 (16-port)          [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Chassis, SW 2800 (16-port)           [*]
                                                          with operator panel / LCD
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Quick Loop License                   [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Fabric Watch License                 [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Extended Fabrics                     [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Remote Switch                        [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     16 Port Fibre Channel                [*]
                                                          Switch Single Power Supply
                                                          (SW3800)
                                                          Includes Web tools, Zoning
                                                          and Fabric Watch - whole
                                                          unit switch Product
--------------------------------------------------------------------------------------------------------------
                                  [*]                     32 Port Fibre Channel                [*]
                                                          Switch Single Power Supply
                                                          (SW3900)
                                                          Includes SES, Web tools,
                                                          Zoning and Fabric Watch -
                                                          whole unit switch Product
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     8 Port Fibre Channel Switch          [*]
                                                          Single Power Supply (SW3200)
                                                          Includes Web Tools
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Full Fabric Upgrade                  [*]
                                                          Includes Zoning and Fabric
                                                          Watch
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Fan (SW3800)                         [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Power Supply (SW3800)                [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Mainboard FRU (SW3800)               [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Fan (SW3900)                         [*]
--------------------------------------------------------------------------------------------------------------
</TABLE>

*    Certain information on this page has been omitted and filed separately with
     the SEC. Confidential treatment has been requested with respect to the
     omitted portions.

                                       2
<PAGE>
<TABLE>
<S>                               <C>                     <C>                                  <C>
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Power Supply (SW3900)                [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Mainboard FRU (SW3900)               [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     LUN Zoning                           [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     LUN Zoning                           [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     LUN Zoning                           [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Advanced Security                    [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Advanced Security                    [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Advanced Security                    [*]
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Performance Bundle                   [*]
                                                          (Trunking and Performance
                                                          Monitoring)
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Performance Bundle                   [*]
                                                          (Trunking and Performance
                                                          Monitoring)
--------------------------------------------------------------------------------------------------------------
[*]                               [*]                     Performance Bundle                   [*]
                                                          (Trunking and Performance
                                                          Monitoring)
--------------------------------------------------------------------------------------------------------------
</TABLE>

All prices are in U.S. dollars.

2.      Replace in the first sentence in Section 9.3, "Post Warranty Services,"
        Pricing (reference Amendment #4, item 17) as follows:

        "Post Warranty repair pricing for the mainboard shall be as follows for
        the applicable listed Products. The Post Warranty repair pricing for the
        mainboard for the SW 3800 and SW 3900 Products shall be mutually agreed
        by the parties upon the earlier of (i) [*] from Supplier's general
        availability date of the applicable Product, or (ii) [*].

        SW 2400      [*]
        SW 2800      [*]
        SW 3200      [*]

        Products returned to Supplier will include a description of the failure
        specified on the RMA field return form provided that such form is
        included by Supplier with each FRU shipment. If the total quantity of
        Product returned to Supplier over the previous [*] exceeds more than [*]
        verified NTF (which shall include both hardware and software failures),
        Buyer will pay Supplier [*] for each verified NTF Product returned in
        accordance with Section 9.2. The reloading of microcode to repair a
        returned Product shall not constitute an NTF."

*       Certain information on this page has been omitted and filed separately
        with the SEC. Confidential treatment has been requested with respect to
        the omitted portions.

                                       3
<PAGE>
Please have your authorized representative indicate acceptance thereof by
signing both copies of the Amendment and returning one copy to the attention of
Karen Takahashi at 5600 Cottle Road, San Jose, California 95193.

The effective date of this Amendment shall be the date on the top of this
Amendment (the "Effective Date").

The parties acknowledge that they have read this Amendment, understand it, and
agree to be bound by its terms and conditions. All capitalized terms not defined
herein shall have the meaning set forth in the Goods Agreement or the SOW #1.
All other terms and conditions of the Goods Agreement and SOW#1 that are
unaffected by the revisions set forth in this Amendment shall remain in full
force and effect. Further, the parties agree that this Amendment and the Goods
Agreement and SOW#1 are the complete and exclusive statement of the agreement
between the parties, superseding all proposals or other prior agreement, oral or
written, and all other communications between the parties relating to this
subject.

<TABLE>
<S>                                             <C>
ACCEPTED AND AGREED TO:                         ACCEPTED AND AGREED TO:
INTERNATIONAL BUSINESS MACHINES CORPORATION     BROCADE COMMUNICATIONS SYSTEMS, INC.
<S>                                             <C>
By:                                             By:
   ----------------------------------------         ----------------------------
Authorized Signature            Date            Authorized Signature       Date

-------------------------------------------     --------------------------------
Type or Print Name                              Type or Print Name

-------------------------------------------     --------------------------------
Title & Organization                            Title & Organization
</TABLE>

                                       4

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