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EXHIBIT 10.25 Aircraft Lease Agreement

Aircraft Lease Agreement

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This Aircraft Lease Agreement involves

General Electric Capital Corporation | Terayon Communication Systems, Inc

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Title: EXHIBIT 10.25 Aircraft Lease Agreement
Date: 3/15/2004
Industry: COMEQP     Sector: TECHNO

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                                                                   EXHIBIT 10.25

 

(GE LOGO)                                      GE CAPITAL

                                               COMMERCIAL EQUIPMENT FINANCING

 

LEAH A. SMITH                                  2400 E. Katella Avenue

Senior Risk Analyst                            Suite 800

                                               Anaheim, CA  92806

                                               714-456-9449 / Fax:  714-456-9473

                                               Internet:  leah.smith@ge.com

 

 

 

 

December 31, 2003

 

Mr. Arthur T. Taylor

Chief Financial Officer

Terayon Communication Systems, Inc.

4988 Great America Parkway

Santa Clara, CA  95054

 

 

RE:      Aircraft Lease Agreement between General Electric Capital Corporation

         ("Lessor") and Terayon Communication Systems, Inc. ("Lessee") dated

         February 8, 2002 (the "Lease")

 

 

Dear Mr. Taylor:

 

Annex B to the Lease is hereby amended as follows:

 

<Table>

<S>                           <C>                              <C>

B. 1. Advance Rent (if any):  (a) Amount:    $179,225.93

                              (b)  Due Date: January 1, 2004   (Previously paid as part of

                                                               invoice # 10024489 dated

                                                               November 5, 2003.  No payment

                                                               due January 1, 2004.)

 

B. 15. Basic Term Lease Rate Factor:

 

                           Factor                             Rental No.

 

                           1.846198%                          9-19

 

 B. 16.  Base Index Rate:  1.03%

</Table>

 

 

 

 

<PAGE>

 

 

 

Exhibit I to Annex B to the Lease is hereby amended as follows:

 

<Table>

<Caption>

 

                                                      Floating

                                                          Rate

                             Payment                Adjustment

                              Number                    Factor

                             -------                ----------

<S>                                                 <C>

                                9                       8.7572  

                                10                      7.9280  

                                11                      7.3276  

                                12                      6.7255  

                                13                      6.2298  

                                14                      5.7431  

                                15                      5.2873  

                                16                      4.8299  

                                17                      4.4012  

                                18                      3.8913  

                                19                      3.4165  

                                20                      2.0594

</Table>

 

Annex F to the Lease is hereby amended as follows:

 

<Table>

<Caption>

 

                                  # of

                                  Base             Termination

                              Payments                   Value

                              --------             -----------

<S>                                                <C>

                                     9                  97.449

                                    10                  96.391

                                    11                  95.142

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