Amendment to Promissory Note between Western Multiplex Corporation and Fred Corsentino (and Spouse)

Summary

This amendment, dated January 26, 2001, modifies a promissory note originally issued on January 31, 2000, between Western Multiplex Corporation (the lender) and Fred Corsentino (the borrower), with Grace Corsentino (spouse) also signing. The amendment specifically changes Section 3(b) of the original note by removing all its language and deleting the words "Limited Recourse" from the section's caption. All other terms remain unchanged. The agreement is governed by California law and is effective upon execution by all parties.

EX-10.18 5 f79175ex10-18.txt EXHIBIT 10.18 Exhibit 10.18 AMENDMENT TO PROMISSORY NOTE AMENDMENT, dated as of January 26, 2001 (this "Amendment"), to the Promissory Note, dated as of January 31, 2000 (the "Note"), between the undersigned (the "Borrower"), and Western Multiplex Corporation, a Delaware Corporation ("WMC" or the "Lender"). W I T N E S S E T H: - - - - - - - - - - WHEREAS, pursuant to the Note, the Lender has agreed to make, and has made, extensions of credit to the Borrower; and WHEREAS, the Borrower has requested, and, upon this Amendment becoming effective, the Lender has agreed, that certain provisions of the Note be amended in the manner provided for in this Amendment; NOW, THEREFORE, in consideration of the premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows: SECTION 1. AMENDMENT TO SECTION 3(b) OF THE NOTE. Section 3(b) of the Note is hereby amended by deleting all of the language contained in such section and the caption is hereby amended to omit the words "Limited Recourse". SECTION 2. COUNTERPARTS. This Amendment may be executed in any number of counterparts, all of which together shall constitute a single instrument. SECTION 3. GOVERNING LAW. This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of California. [Rest of Page Intentionally Left Blank] IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. WESTERN MULTIPLEX CORPORATION By: /s/ Nancy Huber _________________________________ Name: Nancy Huber Title: Chief Financial Officer EMPLOYEE By: /s/ Fred Corsentino _________________________________ Name: Fred Corsentino SPOUSE By: /s/ Grace Corsentino _________________________________ Name: Grace Corsentino