Debtor: Occam Networks (California), Inc.
Address: 77 Robin Hill Road
Santa Barbara, California 93117
Date: June 16, 2003
This Security Agreement is entered into as of the above date between the above-named debtor (the “Debtor”), whose chief
executive office is set forth above (“Debtor’s Address”), and SILICON VALLEY BANK (“Silicon”), whose address is 3003
Tasman Drive, Santa Clara, California 95054. Certain capitalized terms used in this Agreement are defined in Section 6 below.
1. DEFINITIONS OF OBLIGATIONS AND COLLATERAL; GRANT OF SECURITY INTEREST.
1.1 Obligations. The term “Obligations” as used in this Agreement shall mean and include each and all of the following:
the obligation to pay and perform when due all indebtedness, liabilities, obligations, guarantees, covenants, agreements,
warranties and representations of Debtor to Silicon, under this Agreement, the Guaranty (as defined below) and all other
documents, agreements, and instruments relating to any of the foregoing or otherwise executed in connection therewith,
together with any and all amendments, modifications, renewals and extensions of any or all of the foregoing, including without
limitation amendments, modifications, renewals and extensions which are evidenced by any new or additional instrument,
document or agreement; and with whether heretofore, now or hereafter existing, owing or arising; whether primary, secondary,
direct, absolute, contingent, fixed, secured or unsecured; joint or several, monetary or non-monetary; and whether created
pursuant to, or caused by Debtor’s breach of, this Agreement, or any other present or future agreement or instrument, or
created by operation of law or otherwise. The Obligations include without limitation the obligations of Debtor under, and the
“Indebtedness” as such term is defined in, that certain Continuing Guaranty of even d