FORM OF
AMENDMENT TO VOTING AGREEMENT
This Voting Agreement
Amendment ( “ Voting Agreement
Amendment ”) is entered into as of November ___, 2008, by
and between Brocade
Communications Systems, Inc . , a Delaware corporation
(“ Parent ”), and the undersigned stockholder
(“ Stockholder ”) of Foundry Networks, Inc. , a
Delaware corporation (the “ Company
”).
A.
Stockholder Owns certain securities of the Company.
B.
Parent, Falcon Acquisition Sub, Inc., a Delaware corporation
(“ Merger Sub ”), and the Company entered into
an Agreement and Plan of Merger dated as of July 21, 2008 (the
“ Merger Agreement ”) which provided (subject to
the conditions set forth therein) for the merger of Merger Sub into
the Company.
C.
In connection with the execution and delivery of the Merger
Agreement, Parent and Stockholder entered into a Voting Agreement
(the “ Voting Agreement ”) and Stockholder
executed and delivered in favor of Parent an Irrevocable Proxy in
the form attached to the Voting Agreement as Exhibit A
(the “ Proxy ”).
D.
Parent, Merger Sub and the Company are entering into a document
entitled “Amendment No. 1 to Agreement and Plan of
Merger” of even date herewith (the “ Merger
Agreement Amendment ”), which amends the Merger Agreement
in certain respects, including by, among other things, decreasing
the amount of the Merger Consideration (as defined in the Merger
Agreement) payable thereunder.
E.
Pursuant to the terms of the Voting Agreement, the decrease in the
Merger Consideration effected by the Merger Agreement Amendment
would result in the occurrence of the “Termination
Date” under the Voting Agreement unless Parent and
Stockholder enter into an amendment to the Voting Agreement that
extends the Termination Date to a later date. Parent and
Stockholder desire to amend the Voting Agreement to provide that
the Termination Date shall not occur by reason of the reduction in
the Merger Consideration effected by the Merger Agreement
Amendment.
F.
Stockholder is entering into this Voting Agreement Amendment in
order to induce Parent to enter into the Merger Agreement
Amendment.
The
parties to this Voting Agreement Amendment, intending to be legally
bound, agree as follows:
1.1 Definitions. Each capitalized term used but not defined
in this Voting Agreement Amendment shall have the meaning assigned
to such term in the Voting Agreement.