ONI Systems Corp. Letter Clarifying Warrant Expiration Date to FMR Corp.

Summary

ONI Systems Corp. sent this letter to FMR Corp. to clarify the expiration date of a Warrant to Purchase Common Stock originally issued on February 15, 2000. The letter corrects the expiration date from February 14, 2005, to February 14, 2007, and confirms that the warrant becomes fully exercisable and terminates on that date. All other terms of the warrant remain unchanged.

EX-4.15 2 0002.txt LETTER TO FMR CORP. Exhibit 4.15 [ONI Systems Corp. Letterhead] May 24, 2000 Mr. John Remondi Vice President FMR Corp. 82 Devonshire Street R25D Boston, MA 02109 Re: Waiver of Vesting and Exercise Restrictions Dear Mr. Remondi: Pursuant to Section 4.2 of that certain Warrant to Purchase Common Stock of Optical Networks, Incorporated dated as of February 15, 2000 (the "Warrant") by and between FMR Corp. and ONI Systems Corp. (formerly Optical Networks, Incorporated), we hereby clarify that the Expiration Date as stated on the cover page of the Warrant was erroneously stated as February 14, 2005 and that the correct Expiration Date is February 14, 2007 The Warrant automatically becomes fully exercisable under Section 1.1 of the Warrant at the open of business on February 14, 2007 and terminates at the close of business on February 14, 2007. Except as specifically set forth in this letter, the Warrant shall continue in full force and effect in accordance with its terms. Very truly yours, /s/ Michael A. Dillon Michael A. Dillon Vice President and General Counsel MAD/blb