SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 12, 2002
SORRENTO NETWORKS CORPORATION
(Exact Name of Registrant as Specified in Charter)
New Jersey 0-15810 22-2367234
(State or Other Jurisdiction of (Commission IRS Employer
Incorporation) File Number) Identification No.)
9990 Mesa Rim Rd., San Diego, CA 92121
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (858) 558-3960
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On November 12, 2002, Sorrento Networks Inc., our subsidiary, entered
into a five-year agreement with TCI Network Solutions, Inc., d/b/a AT&T
Broadband Network Solutions, a Colorado corporation, whereby Sorrento will be
AT&T BNS's exclusive supplier, subject to certain exceptions, of dense and
course wavelength division multiplexing equipment that AT&T BNS uses to provide
UFO Communications, Inc. with certain services on certain AT&T BNS networks. The
agreement is attached hereto as Exhibit 10.16.
In related matters, our Sorrento subsidiary entered into a separate
five-year agreement with UFO to be UFO's exclusive supplier of equipment,
subject to certain exceptions, for networks owned, leased or operated by UFO.
We also invested $5 million in UFO in a preferred stock financing. In connection
with UFO's financing, AT&T BNS has purchased $5 million of metro optical
networking equipment from our Sorrento subsidiary that will be used for UFO's
initial expansion in the Los Angeles and Dallas metropolitan networks.
Item 7. Exhibits
Exhibit
Number Description
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10.16* Supply Agreement by and between Sorrento Networks Inc. and TCI
Network Solutions, Inc., d/b/a AT&T Broadband Network Solutions, a
Colorado corporation, dated as of November 12, 2002.
*Confidential treatment is being sought for portions of this exhibit.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SORRENTO NETWORKS CORPORATION
By: /s/ JOE R. ARMSTRONG
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Joe R. Armstrong
Chief Financial Officer
Dated: November 22, 2002
EXHIBIT INDEX
Exhibit
Number Description
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10.16* Supply Agreement by and between Sorrento Networks Inc. and TCI
Network Solutions, Inc., d/b/a AT&T Broadband Network Solutions, a
Colorado corporation, dated as of November 12, 2002.
*Confidential treatment is being sought for portions of this exhibit.
STATEMENT OF DIFFERENCES
The section symbol shall be expressed as.................................'SS'