Exhibit 10.28
Terayon Communication Systems
0000 Xxxxx Xxxxxxx Xxxxxxx
Xxxxx Xxxxx, XX 00000
March 12, 2004
Xx. Xxxx Xxxxxxxx
GE Commercial Finance
00000 XX 0xx Xxxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
RE: Aircraft Lease Agreement (the "Agreement") dated February 8, 2002 between
General Electric Capital Corporation ("GECC") and Terayon Communication Systems,
Inc. ("Terayon")
Dear Xxxx:
Terayon currently leases a 1997 Bombardier Challenger 604 (the "Aircraft") from
GECC under the above referenced Agreement. Notwithstanding any prior
communications, please be advised that it is now Terayon's intent to either
pursue a sublet of the Aircraft under Section 8 of the Agreement or to exercise
its early termination rights under Section 17 of the Agreement sometime in the
future. To that end, effective immediately Terayon is listing the Aircraft as
available for sale or lease to the market. We will keep you apprised of our
progress in these efforts.
Sincerely,
/s/Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
SVP, Chief Financial Officer
