SILICON VALLEY BANK
THIS AMENDMENT TO LOAN DOCUMENTS is entered into between Silicon Valley Bank ("Silicon") and
the borrower named above ("Borrower").
The Parties agree to amend the Loan and Security Agreement between them, dated November 29, 2001 (as
otherwise amended, the "Loan Agreement"), as follows, effective as of the date hereof. (Capitalized terms used
but not defined in this Amendment shall have the meanings set forth in the Loan Agreement.)
1. MODIFIED DISCLOSURE RE MATERIAL ADVERSE LITIGATION. That portion of
Section 8 of the Schedule to Loan and Security Agreement that currently reads as follows:
LITIGATION (Section 3.10): Sanmina Corporation v. Novatel Wireless, Inc., Case No. CV 802384.
is hereby amended to read as follows:
AMENDMENT TO LOAN DOCUMENTS
BORROWER: NOVATEL WIRELESS, INC.
DATE: APRIL 21, 2003
LITIGATION (Section 3.10): On February 28, 2003, a class action law
suit was filed in the United States District
Court for the Southern District of Florida
against Credit Suisse First Boston (CSFB)
and approximately 50 companies, including
Novatel Wireless, for whose respective
initial public offering CSFB purportedly
served as the lead underwriter. The suit
purports to be on behalf of all the
purchasers of the common stock of the named
issuing companies and alleges violations of
federal and state securities law.
Specifically, the suit alleges that CSFB and
each named issuer conspired to file false