GUARANTY
Exhibit 10.2
The undersigned (“Brocade”) hereby unconditionally guaranties to the extent set forth in the
Indenture, dated February 20, 2002 between McDATA Services Corporation f/k/a Computer Network
Technology Corporation, as issuer (the “Issuer”), and U.S. Bank National Association, a national
banking association, as Trustee (the “Trustee”), as supplemented by First Supplemental Indenture
dated as of June 1, 2005 by and among the Issuer, the Trustee and McDATA Corporation (“McDATA”) and
that Second Supplemental Indenture dated as of January 29, 2007 by and among the Issuer, the
Trustee, McDATA and Brocade (as amended, restated or supplemented from time to time, the
“Indenture”), and subject to the provisions of the Indenture, as supplemented, (a) the due and
punctual payment of the principal of, and premium, if any, and interest on the Securities, when and
as the same shall become due and payable, whether at maturity, by acceleration or otherwise, the
due and punctual payment of interest on overdue principal of, premium, if any, and, to the extent
permitted by law, interest, all in accordance with the terms set forth in Article Three of the
Second Supplemental Indenture, and (b) in case of any extension of time of payment or renewal of
any Securities or any of such other obligations, that the same will be promptly paid in full when
due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.
The obligations of Brocade to the Holders pursuant to this Guaranty and the Indenture, as
supplemented, are expressly set forth in Article Three of the Second Supplemental Indenture and
reference is hereby made to the Indenture, as supplemented, for the precise terms and limitations
of this Guaranty.
Capitalized terms used but not defined herein shall have the meanings ascribed to such terms
in the Indenture.
[Signature on Following Page]
1
IN WITNESS WHEREOF, Brocade has caused this Guaranty to be duly executed as of the date set
forth below.
Dated: January 29, 2007
| Brocade: BROCADE COMMUNICATION SYSTEMS, INC. |
||||
| By: | /s/ Xxxxxxx Xxxxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxxxx | |||
| Title: | Chief Financial Officer | |||
2
