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|   |                                      |  Page |
|--------|-------------------------------------------|------------|
| 1.     | Definitions      and Interpretation  | 1          |

| 2. | The      Transaction  | 3 |
|----|----------------------------|---|

| 3. | Purchase      Price; Closing  | 6 |
|----|------------------------------------|---|

| 4. | Representations      and Warranties of Each of the Parties  | 10 |
|----|------------------------------------------------------------------|----|

| 5. | Representations      and Warranties of the Sellers  | 11 |
|----|----------------------------------------------------------|----|

| 6. | Covenants  | 12 |
|----|-----------------|----|

| 7. | Conditions      Precedent to the Sellers’ Obligations at the First      Closing  | 13 |
|----|---------------------------------------------------------------------------------------------|----|

| 8. | Conditions      Precedent to Toshiba’s Obligations at the First    Closing  | 14 |
|----|----------------------------------------------------------------------------------------|----|

| 9. | Conditions      Precedent to the Subsequent Closings  | 15 |
|----|------------------------------------------------------------|----|

| 10. | Indemnification  | 15 |
|-----|-----------------------|----|

| 11. | Termination      of the Agreement  | 16 |
|-----|-----------------------------------------|----|

| 12. | General      Provisions  | 16 |
|-----|-------------------------------|----|

|   | Attachments: |
|--------|--------------|

|   | i |   |
|--------|---|--------|

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| 1.1   | Certain      Definitions.  The following capitalized terms used in      this Agreement shall have the respective meanings assigned in this      Agreement: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Term                     | Defined In          |
|--------------------------|---------------------|
| Action                   | Section 2.3(d) |
| Agreement                | Heading             |
| Applicable      Law      | Section 5.1    |
| Assumed      Liabilities | Section 2.4    |

----

| Closing                         | Section 3.2(a)     |
|---------------------------------|-------------------------|
| Closing      Date               | Section      3.2(c)     |
| Equipment                       | Section 2.1        |
| Equipment      Leases           | Section      2.1(b)(ii) |
| Equipment      Purchase Closing | Section 3.2(b)     |
| Equipment      Transactions     | Section 3.2(a)     |
| Excluded      Assets            | Section 2.2        |
| Excluded      Liabilities       | Section 2.3        |
| FA                              | Heading                 |
| FA      Equipment               | Section      2.1(b)(ii) |
| FA      Leased Equipment        | Section 2.1(b)(ii) |
| FA      Leases                  | Section 2.1(b)(ii) |
| FA      Owned Equipment         | Section 2.1(b)(i)  |
| FA      Purchase Price          | Section 3.1(a)(ii) |
| FA      Purchased Assets        | Section 2.1(b)     |
| FP                              | Heading                 |
| FP      Equipment               | Section      2.1(a)(ii) |
| FP      Leased Equipment        | Section 2.1(a)(ii) |
| FP      Leases                  | Section 2.1(a)(ii) |
| FP      Owned Equipment         | Section 2.1(a)(i)  |
| FP      Purchase Price          | Section 3.1(a)(i)  |
| FP      Purchased Assets        | Section 2.1(a)     |
| Governmental      Authority     | Section 2.3        |
| [***]*                          | Section 10.3       |
| Indemnifying      Party         | Section 10.1       |
| JVRA                            | Recitals                |
| Lease      Closing              | Section 3.2(b)     |
| Lease      Transfer Costs       | Section      3.7(a)     |
| Leased      Equipment           | Section 2.1(b)(ii) |
| Lien                            | Section 4.4        |
| [***]*                          | Section      8.5        |
| Material      Adverse Effect    | Section      8.10       |
| Material      Consent           | Section 6.3        |
| [***]*                          | Section      3.1        |
| Owned      Equipment            | Section 2.1        |
| Party                           | Heading                 |
| Permit                          | Section 5.2        |
| Person                          | Section 4.4        |

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| Post-Closing      Period     | Section 3.7(d) |
|------------------------------|---------------------|
| Pre-Closing      Period      | Section 3.7(d) |
| Purchased      Assets        | Section 2.1    |
| Resolution                   | Section      3.6(c) |
| Resolution      Period       | Section      3.6(c) |
| SanDisk                      | Heading             |
| SanDisk      Cayman          | Heading             |
| SanDisk      Ireland         | Heading             |
| SanDisk      Party           | Heading             |
| Seller                       | Heading             |
| Subsequent      Closing      | Section      3.2(c) |
| Subsequent      Closing Date | Section      3.2(c) |
| Tax                          | Section 2.3    |
| Toshiba                      | Heading             |

| 1.2   | Interpretation.  Whenever      the words “include,” “includes” or “including” are used in this Agreement,      they shall be deemed, as the context indicates, to be followed by the      words “but (is/are) not limited to.”  Wherever in this Agreement      words indicating the plural number appear, such words will be considered      as words indicating the singular number and vice versa where the context      indicates the propriety of suchuse. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3   | The      terms “Y3      Facility” and “Y4 Facility” as      used in this Agreement shall have the meanings assigned to them in the      JVRA. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1   | Purchased      Assets.  Subject to the terms and conditions of this      Agreement, and on the basis of the representations, warranties, covenants      and agreements set forth herein, at the applicable Closing, the Sellers      shall sell, transfer, convey, assign and deliver to Toshiba, and Toshiba      shall purchase from the Sellers, all right, title and interest in and to      the following assets (collectively, the “Purchased      Assets”): |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | FP Purchased      Assets.  To be purchased from FP (collectively, the      “FP Purchased      Assets”): |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|

| (i)   | FP Owned      Equipment.  The machinery, equipment and other assets      described on the attached Schedule 2.1(a)(i),      [***]*      which shall represent approximately  [***]* of the      wafer output capacity of FP and which shall have been calculated from the      list of assets owned by FP (the “FP Owned      Equipment”); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | FP Leased      Equipment.  All rights and obligations of FP in      connection with the machinery, equipment and other assets, [***]* set      forth on attached Schedule 2.1(a)(ii),      which shall represent approximately [***]* of the      wafer output capacity of FP (the “FP Leased      Equipment” and together with the FP Owned Equipment, the “FP Equipment”),      that are subject to the leases specified thereon (the “FP Leases”), it      being understood that the assignment and assumption of such rights and      obligations shall be effected as set forth in Section 3.6;    and |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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* Indicatesthat certain information contained herein has been omitted and filed separatelywith the Securities and Exchange Commission. Confidential treatment has beenrequested with respect to the omitted portions.

----

| (iii)   | FP      Documents.  All books, records and materials in the      possession or control of FP and that are reasonably necessary or      appropriate for Toshiba to operate the FP Equipment in substantially the      same manner as operated by FP as of the date of this Agreement and as of      each Closing Date, including vendor agreements, title documents, user      manuals, operating guides, bills of materials, records, maintenance      schedules and records, supplier and other vendor ordering information and      records, warranties for both materials and equipment purchased and      products sold, and all other operational, commercial and technical      information related to the FPEquipment. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | FA Purchased      Assets.  To be purchased from FA (collectively, the      “FA Purchased      Assets”): |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|

| (i)   | FA Owned      Equipment.  The machinery, equipment and other assets      described on the attached Schedule 2.1(b)(i),      [***]*      which shall represent approximately [***]* of the      wafer output capacity of FA and which shall have been calculated from the      list of assets owned by FA (the “FA Owned      Equipment”); |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | FA Leased      Equipment.  All rights and obligations of FA in      connection with the machinery, equipment and other assets, [***]* set      forth on attached Schedule 2.1(b)(ii),      which shall represent approximately [***]* of the      wafer output capacity of FA (the “FA Leased      Equipment” and, together with the FA Owned Equipment, the “FA Equipment”      or together with the FP Leased Equipment, the “Leased      Equipment”), that are subject to the leases specified thereon (the      “FA      Leases” and, together the with FP Leases, the “Equipment      Leases”), it being understood that the assignment and assumption of      such rights and obligations shall be effected as set forth in Section 3.6;      and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | FA      Documents.  All books, records and papers in the      possession or control of FA and that are reasonably necessary for Toshiba      to operate the FA Equipment in substantially the same manner as operated      by FA as of the date of this Agreement and as of each Closing Date,      including vendor agreements, title documents, user manuals, operating      guides, bills of materials, records, maintenance schedules and records,      supplier and other vendor ordering information and records, warranties for      both materials and equipment purchased and products sold, and all other      operational, commercial or technical information related to the FA      Equipment. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Tool Selection      Methodology; Substitution of Purchased  Assets. |
|-----------------|---------------------------------------------------------------------|

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| (i)   | To      the extent that the Parties determine that the purchase of Owned Equipment      or assignment and assumption of the Equipment Leases with respect to      Leased Equipment (1) requires consents of third parties that cannot be      obtained in a timely manner or without undue difficulty or expense, (2)      would not release SanDisk from the guaranty obligations related to the      Leased Equipment, or (3) involves Equipment which, prior to the relevant      Closing, is materially damaged, the Parties shall endeavor in good faith      to promptly reach agreement on such adjustments to Schedules2.1(a)(i),      2.1(a)(ii),      2.1(b)(i)      and/or 2.1(b)(ii) as      are necessary to address the foregoingissues. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2   | Excluded      Assets.  Notwithstanding anything to the contrary set      forth in this Agreement, except for the Purchased Assets, the Sellers      shall not transfer at Closing any other assets of the Sellers (such      assets, the “Excluded      Assets”), which Excluded Assets shall be retained by the      Sellers. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3   | Excluded      Liabilities.  Notwithstanding anything to the contrary      set forth in this Agreement, except for the Assumed Liabilities, the      Sellers shall not transfer at Closing any liability for any contracts,      agreements, commitments or liabilities of the Sellers or any SanDisk Party      whatsoever, including any of the following (collectively, the “Excluded      Liabilities”), which Excluded Liabilities shall be retained by the      Sellers and/or the SanDisk Parties as  applicable: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | any      liability relating to, arising out of or incurred in connection with the      Purchased Assets, or use, operation or possession thereof, prior to the      Closing; and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | any      trade accounts payable, accrued liability or other liability of the      Sellers as of the Closing whether or not such amounts are known or payable      on or prior to the Closing; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | except      as expressly provided for in Sections 3.1(a) and 3.7 below, any      Taxes or similar charges that may become payable in any jurisdiction by      the Sellers by reason of the sale and transfer of the Purchased Assets      pursuant hereto, or arising from or relating to Sellers’ receipt of the FP      Purchase Price or FA Purchase Price (or relief from any Assumed      Liability); and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | any      liability relating to, arising out of or incurred in connection with any      final nonappealable decision arising out of any suit, litigation,      arbitration or administrative proceeding before any Governmental Authority      (all “Actions”) prior      to the Closing or initiated after the Closing but based in whole or part      on an act or omission of a Seller, |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.4   | Assumed      Liabilities.  Subject to the terms and conditions of this      Agreement, at each Closing, each Seller shall assign to Toshiba, and      Toshiba shall assume, the related Assumed Liabilities (as defined below).      Thereafter, Toshiba shall pay and discharge all such Assumed Liabilities      as and when such Assumed Liabilities become due and owing.  The      term “Assumed      Liabilities” as used in this Agreement means only those liabilities      which relate to, arise out of or are incurred in connection with the      Purchased Assets on or after the Closing at which such assets are      transferred, including the Equipment Leases to the extent assigned, but      not including any Excluded Liabilities and not including any liabilities      in connection with the Purchased Assets that are specifically allocated to      the Sellers or the SanDisk Parties under other agreements relating to the      operation of the Y3 Facility and the Y4  Facility. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1   | Purchase      Price.   |
|-----------------|----------------------------------|

| (a)   | Timing of Purchase      Price Payment by Toshiba.  Subject to the terms and      conditions of this Agreement, as full consideration for the sale,      assignment, transfer and delivery of the Owned Equipment by the Sellers to      Toshiba, and the execution and delivery by the Sellers of this Agreement      and any and all certificates and instruments executed or contemplated to      be executed by SanDisk in connection with the Equipment Purchase Closing,      Toshiba shall deliver [***]*, by      wire transfer of immediately available funds to an account designated by      FP or FA, as applicable, an amount equalto: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i)   | for      FP, [***]* (the      “FP Purchase      Price”); and  |
|-----------------|-------------------------------------------------------------------------------------|

| (ii)   | for      FA, [***]* (the      “FA Purchase      Price”); |
|------------------|----------------------------------------------------------------------|

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| (b)   | [***]* by Joint      Venture.  No later than [***]*, each      Seller shall transfer the entire FP Purchase Price and FA Purchase Price,      as applicable and [***]*, to      each of SanDisk and Toshiba (with each of SanDisk and Toshiba receiving      50% of the applicable purchase price), by wire transfer of immediately      available funds to accounts designated by SanDisk and Toshiba, [***]*.  SanDisk      and Toshiba each agree to provide acknowledgment of such repayment to each      Seller. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2   | Closing. |
|-----------------|----------|

| (a)   | The      transactions contemplated by this Agreement (the “Equipment      Transactions”) shall be consummated at a series of closings (each a      “Closing”). |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | At      each Closing, Toshiba will either purchase Owned Equipment (the “Equipment Purchase      Closing”) or acquire rights and obligations of the Sellers in      connection with the Leased Equipment or, as applicable, the Equipment      Leases, each as provided in Section 3.6 below (a “Lease      Closing”). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Provided      that all of the conditions to a Closing have been met or waived in writing      by the Party that has the benefit thereof, each Closing will take place on      the date set forth on Schedule 3.2, or at such      other place, date and time as the Parties mutually agree.  As      set forth on Schedule 3.2, the first      Closing is contemplated to be a Lease Closing.  As used in this      Agreement, the term “Subsequent      Closing” shall mean each of (i) any Lease Closing after the first      Closing and (ii) the Equipment Purchase Closing (the date of each such      Closing a “Subsequent Closing      Date,” and the first Closing Date together with the Subsequent      Closing Dates, the “Closing      Dates”). |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3   | Deliveries by the      Sellers. At each Closing, the Sellers shall (i) take all steps      necessary to place Toshiba in actual possession and operating control of      all Purchased Assets to be transferred at such Closing, and      (ii) deliver the following items, duly executed by the Sellers, in      each case in form and substance acceptable to  Toshiba: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | FP Assignment and      Assumption Agreements and Bill ofSale. |
|-----------------|---------------------------------------------------------------|

| (i)   | At      each Closing, an Assignment and Assumption Agreement executed by FP      covering any rights and obligations under any FP Leases and other      agreements to be transferred at such Closing, substantially in the form of      attached Exhibit A. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | At      the Equipment Purchase Closing, a Bill of Sale executed by FP covering all      of the FP Owned Equipment that is to be transferred at such Closing,      substantially in the form of attached Exhibit B. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | FA Assignment and      Assumption Agreement and Bill ofSale. |
|-----------------|--------------------------------------------------------------|

| (i)   | At      each Closing, an Assignment and Assumption Agreement executed by FA      covering any rights and obligations under any FA Leases and other agreements      to be transferred at such Closing, substantially in the form of attached      Exhibit C.  |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (ii)   | At      the Equipment Purchase Closing, a Bill of Sale executed by FA covering all      of the FA Owned Equipment that is to be transferred at such Closing,      substantially in the form of attached Exhibit D. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Sellers’      Invoices.  An invoice issued to Toshiba by each of FA and      FP, in each case dated the applicable Closing Date and requiring payment      of the FA Purchase Price and the FP Purchase Price, respectively, not      later than [***]* following such Closing    Date. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Other Conveyance      Instruments.  Such other instruments of sale, transfer,      conveyance and assignment as Toshiba deems are necessary or useful to      transfer all right, title and interest in all Purchased Assets to be      transferred at such Closing to Toshiba, or to evidence the      same. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Closing Condition      Documents.  All of the documents provided for in      Articles 8 and, as applicable, 9below. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | Deliveries by      Toshiba.  At the Closing, Toshiba shall deliver the      following items, duly executed by Toshiba, in each case in form and      substance acceptable to theSellers: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | Assumption      Instruments.  Such other instruments of assumption as are      reasonably necessary for Toshiba to assume the Assumed Liabilities being      assumed at such Closing. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Closing Condition      Documents.  All of the documents provided for in      Articles 7 and, as applicable, 9below. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------|

| 3.5   | Transfer of Title;      Risk of Loss.  Legal and equitable title and risk of loss      with respect to all of the Purchased Assets shall pass from the Sellers to      Toshiba at the relevant Closing pursuant to, and in accordance with, the      terms of this Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6   | Equipment      Leases. |
|-----------------|------------------------|

| (a)   | Transfer of Leased      Equipment.  Subject to Toshiba, SanDisk and the Seller      obtaining consent from the applicable financing parties, the Parties      contemplate that Toshiba’s acquisition of the Sellers’ interests in the      Leased Equipment shall be conducted as follows: Toshiba and the parties to      the existing lease shall, on the day of the next scheduled payment under      the relevant lease following the execution of this Agreement, and subject      to FA or FP, as applicable, making such scheduled payment, or on such      other day as may be mutually agreed between the applicable financing      parties and the current lessee of such Leased Equipment, effect a partial      assignment of the relevant lease from the Seller to Toshiba as      lessee. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Financed      Equipment.  [***]*. |
|-----------------|---------------------------------------------|

| (c)   | Breach of Condition      Failure.  [***]* |
|-----------------|-----------------------------------------------------|

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| (i)   | [***]* |
|-----------------|--------|

| (ii)   | [***]*. |
|------------------|---------|

| (d)   | Other Condition      Failure.  In the event any Equipment Lease fails to      transfer [***]*, or      the Equipment Purchase Closing fails to occur [***]*, due      to a failure of [***]*, then      Toshiba and SanDisk will discuss in good faith alternative arrangements to      effect such transfer on a commercially reasonable  basis. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.7   | Costs and      Taxes. |
|-----------------|-----------------------|

| (a)   | SanDisk      shall be responsible for and shall pay (i) [***]* and      (ii) [***]*      collectively the “Lease Transfer      Costs”). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | SanDisk      shall pay to Toshiba, FP or FA, as applicable, the invoiced Lease Transfer      Costs [***]*,      accompanied by evidence itemizing the Lease Transfer Costs and indicating      that such costs were actually paid by Toshiba, FP or FA, as      applicable. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | After      the Closing, upon reasonable written notice, the Parties agree to furnish      or cause to be furnished to each other party, and its officers, directors,      employees, managers, agents, attorneys, accountants, advisors and      representatives, as applicable, access, during normal business hours, to      such information and assistance relating to the Purchased Assets as are      reasonably necessary for financial reporting and accounting matters      relating to the Purchased Assets, the preparation and filing of any Tax      returns or other filings with any Governmental Authority, reports or forms      relating to the Purchased Assets, the defense of any Tax or other claim or      assessment relating to the Purchased Assets or, in the case of the      Sellers, relating to the operation of the Purchased Assets prior to the      Closing, provided, however, that such access and assistance do not      unreasonably disrupt the normal operations of Toshiba, FP or      FA. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | To      the extent not otherwise allocated in this Agreement, the Sellers shall be      responsible for and shall promptly pay when due all Taxes levied with      respect to the Purchased Assets transferred at such Closing attributable      to the taxable period ending on the day immediately preceding such Closing      Date (such period the “Pre-Closing      Period”).  To the extent not otherwise allocated in this      Agreement, Toshiba shall be responsible for and shall promptly pay when      due all Taxes levied with respect tothe |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

  

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| 4.1   | Lease      Agreements.  Except as it has previously informed the      other Parties hereto, no event has occurred which constitutes a default by      such Party under, or with the giving of notice or passage of time, would      constitute a default by such Party under, any provision of an Equipment      Lease, and the execution, delivery and (assuming receipt of the requisite      Material Consents) performance of this Agreement by it do not and will      not breach, violate or conflict with any provision of, or constitute      (or with the giving of notice or passage of time, constitute) a default      under, any EquipmentLease.   |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2   | Organization and      Standing.  It is duly organized and validly existing and,      where applicable, in good standing under the laws of the jurisdiction in      which it is organized. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3   | Authority;      Enforceability.  It has the requisite corporate or      equivalent power and authority to enter into this Agreement, to execute      any certificates or other instruments to be executed by it in connection      with the Equipment Transactions, and otherwise carry out the Equipment      Transactions.  All corporate or equivalent proceedings required      to be taken by it to authorize the execution, delivery and performance of      this Agreement, and any such certificates and instruments, and the      consummation of the Equipment Transactions, have been or will be as of the      Closing properly taken.  This Agreement has been duly and      validly executed and delivered by it and constitutes a valid and binding      obligation of it, enforceable against it in accordance with its      terms. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4   | No      Conflict.  The execution, delivery and performance of      this Agreement by it do not and will not (a) breach, violate or      conflict with any provision of its charter documents as amended to date,      (b) conflict with or violate any law, rule, regulation, order, writ,      judgment, injunction, decree, determination or award applicable to it, or      (c) result in the creation or imposition of any Lien on any of the      Purchased Assets.  Other than pursuant to the Equipment Leases      or this Agreement, it is under no obligation, absolute or contingent, to      any Person, with respect to the sale, assignment, lease or sublease or      other transfer, conveyance or placement of any Lien on any of the      Purchased Assets.  The term “Lien” as used      in this Agreement means any lien, pledge, hypothecation, security      interest, claim, lease, charge, option, right of first refusal, transfer      restriction, encumbrance or any other restriction or limitation      whatsoever.  The term “Person” as used      in this Agreement means any individual, corporation, partnership, limited      liability company, firm, joint venture, association, joint-stock company,      trust, unincorporated organization, Governmental Authority or other      entity. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.5   | Brokers’ or Finders’      Fees.  It has not incurred and will not incur, directly      or indirectly, any liability for brokerage or finders’ fees or agents’      commissions or any similar charges in connection with this Agreement or      the Equipment Transactions [***]*.  It      has not taken any action or entered into any agreement or understanding      that will cause any other Party to incur any of the foregoing      liabilities. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.6   | Litigation.  There      is no Action pending, or, to its knowledge, threatened, or directly      relating to the Equipment Transactions and which, if successful, would      materially impair such Party’s ability to consummate the Equipment      Transactions.  There is no judgment, order, writ or decree that      substantially restrains its ability to consummate the Equipment      Transactions. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1   | Equipment.  It      holds good and marketable title to the Owned Equipment, free and clear of      any Liens other than any security interest held by the Parties which shall      be removed from the applicable Equipment as such Equipment is transferred      pursuant to this Agreement, and is a lessee of the Leased      Equipment.  Such Equipment is in good operating condition and      repair, subject only to ordinary wear and tear.  To its      knowledge, the current use and operation of such Equipment are in      compliance in all material respects with all Applicable      Laws.  Except as set forth on Schedule 5.1, it has not      received any notice that the possession or operation of any such Equipment      does not or did not comply with Applicable Law. There is no Action pending      or, to its knowledge, threatened, relating to or affecting the Purchased      Assets.  The term “Applicable Law”      as used in this Agreement means, with respect to a Person, any domestic or      foreign, national, federal, territorial, state or local constitutions,      statues, laws (including principles of common law), treaties, ordinances,      rules, administrative interpretations, regulations, orders, writs,      injunctions, legally binding directives, judgments, decrees or other      requirements or restrictions of any arbitrator or Government Authority      applicable to such Person or any of its affiliates, properties, assets,      officers, directors, employees, consultants or agents in connection with      such officer’s, director’s, employee’s, consultant’s or agent’s activities      on behalf of such Person or any of its  affiliates. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2   | Permits.  It      has obtained all material permits and other authorizations (collectively,      “Permits”)      necessary for the ownership, operation and use of the Purchased Assets in      substantially the same manner as currently owned, operated and used and      each Permit is valid and remains in full force and effect.  It      is not in default (nor has it failed to comply), nor has it received any      notice of any claim of default or failure to comply, with respect to any      Permit. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5.3   | Equipment      Leases.  Each of the Equipment Leases to which it is a      Party is in full force and effect and each constitutes a legal, valid and      binding agreement, enforceable in accordance with its terms, subject to      laws of general application relating to bankruptcy, insolvency, and the      relief of debtors, and no term or condition thereof has been amended from      the form provided to Toshiba. Except as it has previously informed the      other Parties hereto, there are no defaults by it under any of the      Equipment Leases and no events have      occurred that with notice or the lapse of time, or action or inaction by      any party thereto, would result in a violation thereof or a default      thereunder.   There is no Action to which it is a party in      which relief is sought involving, affecting or relating in any manner to      any of the Equipment Leases, and, to its knowledge, there is no Action      pending or threatened against it involving, affecting or relating to any      of the Equipment Leases.  None of its rights under any of the      Equipment Leases will be materially impaired by the Equipment      Transactions, and all rights to be transferred to Toshiba in accordance      with this Agreement will inure to, and be enforceable by, Toshiba after      the applicable Closing Date without any authorization, approval,      permission or license of, or filing with, any  Person. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4   | No Other      Agreements.  It has no legal obligation, absolute or      contingent, to any Person other than Toshiba to sell, assign, lease or      sublease or otherwise transfer, convey or place any Lien on any of the      Purchased Assets. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1   | Operation of the      Business. |
|-----------------|---------------------------------|

| (a)   | The      Sellers agree, prior to the Closing, (i) to operate the Purchased Assets      in the ordinary course of business, and (ii) to maintain the Equipment in      good operating condition, subject, only to ordinary wear and tear, each as      consistent with the Sellers’ past practices, and (iii) to promptly      inform Toshiba of any destruction, damage to or loss of any of the      Purchased Assets that has resulted in a material reduction in the value of      the Purchased Assets.  The Sellers further agree, prior to the      Closing, to use all commercially reasonable efforts to transfer or      otherwise make available to Toshiba, at each Seller’s expense, the benefit      of all warranties and similar protections applicable to the      Equipment. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2   | Equipment      Leases.  Until the Closing, the Sellers agree to maintain      all rights and obligations in, to and under the Equipment Leases in full      force and effect. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3   | Approvals and      Consents.  The Parties agree to use commercially      reasonable efforts to take promptly, or cause to be taken, all actions,      and to do promptly, or cause to be done, all things necessary and proper      under Applicable Law to consummate and make effective the Equipment      Transactions, to obtain all necessary waivers, consents and approvals and      to effect all necessary registrations and filings and to remove any      injunctions or other impediments or delays, legal or otherwise, in order      to consummate and make effective the Equipment Transactions for the      purpose of securing to the Parties hereto the benefits contemplated by      this Agreement.  Such waivers, consents and approvals are listed      on Schedule 6.3 attached      hereto (the “Material      Consents”).   |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4   | Shareholder      Actions.  The Parties that are shareholders of the      Sellers agree to exercise their voting and other governance powers over      the Sellers to further the execution, delivery      and performance of this Agreement and the consummation of the Equipment      Transactions.  The Parties that are shareholders in the Sellers      agree to cause their representatives on the boards of directors of the      Sellers, in a manner consistent with their fiduciary duties under the      Companies Act (Japan), to vote and to take other director actions to      further the execution, delivery and performance of this Agreement, and the      consummation of the Equipment Transactions.  The Parties that      are shareholders in the Sellers agree to take no action that would cause      any representation or warranty of the Sellers contained in Articles 4 or 5      to be untrue.  The Sellers and the SanDisk Parties shall provide      reasonable cooperation to Toshiba in connection with the lease      arrangements described in Section 3.6  above. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.5   | Further      Assurances.  The Parties agree to cooperate to execute      and deliver such further documents, certificates, agreements and to take      such other actions as may be reasonably requested to evidence or reflect      the transactions contemplated by this Agreement and to carry out the      intentions of this Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1   | No Legal      Action.  No Action relating to the Equipment Transactions      shall have been instituted against any of the Parties hereto before any      court or by any Governmental Authority which restrains or prohibits the      Equipment Transactions. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2   | Accuracy of      Representations and Warranties.  Each of the      representations and warranties of Toshiba contained in this Agreement, or      in any other agreement signed and delivered contemporaneously with this      Agreement by or on behalf of Toshiba in connection with the transactions      contemplated hereby, shall be true and correct in all material respects as      of the Closing Date with the same effect as though such representations      and warranties had been made on and as of the Closing  Date. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3   | Performance of      Obligations.  Toshiba shall have in all material respects      performed and complied with all of the agreements, covenants and      obligations required under this Agreement (including each of the attached      Exhibits), and under the Transaction Agreements set forth in Section      2.1(a) of the JVRA, to be performed or complied with by Toshiba prior to      or at the Closing. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4   | Governmental      Approvals.  All material filings that are required, if      any, to have been made by the Parties with any Governmental Authority in      order to carry out this Agreement shall have been made and all material      authorizations, consents and approvals from any Governmental Authority      required to carry out this Agreement shall have been received and any      applicable waiting periods shall haveexpired. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.5   | Compliance      Certificate.  Toshiba shall have delivered to the Sellers      a certificate, executed by the appropriate officers of Toshiba, certifying      that the conditions specified in Sections 7.2 and 7.3 (insofar as      they are to be performed by Toshiba) have been  fulfilled. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 7.6   | JVRA.  The      JVRA shall be in full force and effect, and each Party thereto (other than      the SanDisk Parties) shall have in all material respects performed and      complied with |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.7   |  all      of the agreements, covenants and obligations required under the JVRA      (including each of the Exhibits thereto) to be performed or complied      with by them prior to or at suchtime. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.1   | Conveyance.  The      Sellers will have executed and delivered to Toshiba the FP and      FA  Bills of Sale, the FP and FA Assignment and Assumption      Agreements, and any other certificates, instruments or documents required      pursuant to the provisions of this Agreement or otherwise necessary to      transfer the Owned Equipment to Toshiba in accordance with the terms      hereof. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2   | No Legal      Action.  No Action relating to the Equipment Transactions      shall have been instituted against any of the Parties hereto before any      court or by any Governmental Authority which restrains or prohibits the      Equipment Transactions. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3   | Accuracy of      Representations and Warranties.  Each of the      representations and warranties of the Sellers and the SanDisk Parties      contained in this Agreement, or in any agreement signed and delivered      contemporaneously with this Agreement by or on behalf of FP, FA or any      SanDisk Party in connection with the transactions contemplated hereby,      shall be true and correct in all material respects as of the Closing Date      with the same effect as though such representations and warranties had      been made on and as of the ClosingDate. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4   | Performance of      Obligations.  The Sellers and the SanDisk Parties shall      have in all material respects performed and complied with all of their      agreements, covenants and obligations under this Agreement, and under the      Transaction Agreements set forth in Section 2.1(a) of the JVRA, to be      performed or complied with by them prior to or at the    Closing. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.5   | [***]*. |
|-----------------|---------|

| 8.6   | Consents and      Waivers.  The Sellers shall have obtained all Material      Consents. |
|-----------------|---------------------------------------------------------------------------------------------------|

| 8.7   | Governmental      Approvals.  All material filings that are required to      have been made by the Parties with any Governmental Authority in order to      carry out the terms of this Agreement shall have been made and all      material authorizations, consents and approvals from any Governmental      Authority required therefor shall have been obtained and any applicable      waiting periods thereunder shall haveexpired. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.8   | Compliance      Certificate.  Each of FP, FA and SanDisk (on behalf of      all the SanDisk Parties) shall have      delivered to Toshiba a certificate, executed by the appropriate officers      of FP, FA or SanDisk as applicable, certifying that the conditions      specified in Sections 8.3 and 8.4 (insofar as they are to be      performed by FP, FA or SanDisk) have been  fulfilled. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.9   | JVRA.  The      JVRA shall be in full force and effect, and each Party thereto (other than      Toshiba) shall have in all material respects performed and complied with      all of its agreements, covenants and obligations under the JVRA to be      performed or complied with by them prior to or at such    time. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.10   | Material Adverse      Effect.  There shall not have been any Material Adverse      Effect with respect to the Purchased Assets.  As used in this      Agreement, the term “Material Adverse      Effect” means a change or changes or effect or effects (including      work stoppages) that individually or in the aggregate are or may      reasonably be expected to be materially adverse to the Purchased Assets or      the ownership, possession or use thereof as of the date of this Agreement      or as of the Closing Date; provided,      however, that “Material Adverse Effect” shall not include: (i) any      changes in the ordinary course of business, (ii) any changes in the      financial or credit markets, including any adverse change in the market      prices of the securities or the credit ratings of Toshiba or SanDisk, and      (iii) any changes in the market for NAND flash, or affecting manufacturers      of NAND flash generally. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.11   | No Breach of Equipment      Leases.  There shall not have occurred and be continuing      a breach of any covenant under any of the existing leases with respect to      any equipment leased by the Sellers; provided, however, this Section shall      not apply to the transfer of OwnedEquipment. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.1   | Prior      Conditions.  Each of the conditions to such Party’s      obligations in Article 7 or 8 shall be satisfied as of the relevant      Subsequent Closing Date. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2   | SanDisk Guarantee      Obligations. SanDisk shall have received evidence of the fact that      its obligations as a guarantor of the Equipment Leases have been reduced      to reflect the transfer of the Leased Equipment to take place at such      Subsequent Closing. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3   | Assignment and      Assumption Agreement.  The relevant Parties shall have      executed the FP and FA Assignment and Assumption Agreements and any other      certificates, instruments or documents required pursuant to the provisions      of this Agreement or otherwise necessary to transfer the Assumed      Liabilities to Toshiba in accordance with the terms hereof, and to      consummate the EquipmentTransactions. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1   | Each      Party agrees to, and does hereby, indemnify (an “Indemnifying      Party”) and hold harmless each of the other Parties from and      against any and all losses arising out of, or based upon, the gross      negligence or willful misconduct of such Indemnifying Party under this      Agreement.   |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2   | Damages      Limited.      IN THE ABSENCE OF ACTUAL FRAUD, IN NO EVENT SHALL ANY PARTY BE      LIABLE TO OR BE REQUIRED TO INDEMNIFY ANY OTHER PARTY OR ANY OF THEIR      RESPECTIVE AFFILIATES FOR ANY |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 10.3   | [***]*. |
|------------------|---------|

| 10.4   | Sole      Remedy.  Other than the payment of Lease Transfer Costs      as set forth in Section 3.7, rights to equitable relief and, to the extent      available under Applicable Law, claims for fraud, the sole remedy      available to any Party for breaches of this Agreement shall be limited to      the rights set forth in this Article  10.   |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.1   | Termination.  This      Agreement and the Equipment Transactions may be  terminated: |
|------------------|------------------------------------------------------------------------------------------------|

| (a)   | at      any time, by mutual written consent of the Sellers, SanDisk and      Toshiba; |
|-----------------|---------------------------------------------------------------------------------------|

| (b)   | at      any time, by one Party (as between Toshiba and SanDisk) if it is not in      material breach of its representations, warranties, covenants and      agreements under this Agreement and there has been a material breach of      any representation, warranty, covenant or agreement contained in this      Agreement on the part of the other Party (as between Toshiba and SanDisk)      and (i) such Party has not cured such breach within the later of (a) [***]* after      the other Party has given notice of such breach to such Party (provided      however, that, no cure period shall be required for breach which by its      nature cannot be cured) or (b) the end of the Resolution Period set forth      in Section 3.6(c) and (ii) as a result of such breach any of the      conditions set forth in Articles 7 or 8 would not be satisfied prior to      the Closing Date, as such date may be adjusted in accordance with Section      3.6(c); |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | by      any Party by written notice if there shall be a final nonappealable order      of a court of competent jurisdiction in effect preventing consummation of      the Equipment Transactions; or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | by      any Party by written notice if there shall be any statute, rule,      regulation or order enacted, promulgated or issued or deemed applicable to      the Equipment Transactions by any Governmental Authority that would make      consummation of any of the Equipment Transactions  illegal. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.1   | Payment of      Expenses.  Except as otherwise provided in this      Agreement, each of the Sellers, the SanDisk Parties and Toshiba will bear      its own expenses incurred in connection with this Agreement and the      consummation of the Equipment Transactions, including the fees and      expenses of attorneys, accountants, brokers, finders and any other      advisors engaged by each Party. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.2   | Relationship of the      Parties.  The Sellers, the SanDisk Parties and Toshiba      will at all times be independent contractors, and nothing in this      Agreement will be construed as creating a joint venture, partnership or      agency relationship between theParties. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 12.3   | Notices.  Any      notice or other communication required or permitted to be delivered to any      party under this Agreement shall be in writing and shall be deemed      properly delivered, given and received when delivered (by hand, by      registered mail, by courier or express delivery service or by telecopier)      to the address or telecopier or facsimile number set forth beneath the      name of such Party below (or to such other address or telecopier number as      such Party shall have specified in a written notice given to the other      Party hereto): |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 12.4   | Governing Law; Dispute      Resolution.  This Agreement will be governed by and      construed, and the rights and obligations of the Parties shall be      determined, in accordance with the laws of California without giving      effect to principles of conflict of laws.  Any dispute      concerning this Agreement shall be referred to the Management Committee      (as that term is defined in Section 6.9 of the Flash Alliance Master      Agreement) and handled by it in accordance with the Flash Alliance Master      Agreement.  If the Management Committee cannot resolve such      dispute in accordance with the terms of the Master Agreement, then such      dispute will be settled by binding arbitration in San Francisco,      California.  The dispute shall be heard by a panel of three      arbitrators pursuant to the rules of the International Chamber of      Commerce.  The awards of such arbitration shall be final and      binding upon the parties thereto.  Each party will bear its own      fees and expenses associated with the arbitration.  Filing fees      and arbitrator fees charged by the ICC shall be borne equally by the      Parties. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.5   | Assignability;      Third-Party Rights.  This Agreement shall be binding upon      the Sellers and their successors and permitted assigns (if any), the      SanDisk Parties and their successors and permitted assigns (if any) and      Toshiba and its successors and permitted assigns (if any).  This      Agreement shall inure to the benefit of the Sellers and Toshiba and their      respective successors and permitted assigns (if any).  This      Agreement may not be assigned by either Party without the prior written      consent of the other Party.  Nothing in this Agreement, express      or implied, will be deemed to confer upon any other Person, any rights or      remedies under, or by reason of, thisAgreement. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.6   | Waiver.  No      failure or delay on the part of any Party hereto to exercise any right or      remedy under this Agreement shall operate as a waiver of such right or      remedy, and no single or partial exercise of any such right or remedy      shall preclude any other or further exercise thereof.  No Party      shall be deemed to have waived any claim arising out of this Agreement, or      any right or remedy under this Agreement, unless the waiver of such claim,      right or remedy is expressly set forth in a written instrument duly      executed and delivered on behalf of suchParty. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.7   | Amendments.  This      Agreement may not be amended, modified or supplemented other than by a      written instrument duly executed and delivered by a duly authorized      officer on behalf of each of theParties. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.8   | Headings.  The      section and other headings contained in this Agreement are for reference      purposes only and will not in any way affect the meaning, or      interpretation of this Agreement. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.9   | Preparation of this      Agreement.  Each of Toshiba and the SanDisk Parties      hereby acknowledges and agrees that (a) Toshiba and the SanDisk Parties      jointly and equally participated in the drafting of this Agreement and all      other agreements contemplated |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 12.10   | Severability.  If      any provision of this Agreement or the application thereof, becomes or is      declared by a court of competent jurisdiction to be illegal, void or      unenforceable, the remainder of this Agreement will continue in full force      and effect and the application of such provision to other persons or      circumstances will be interpreted so as reasonably to effect the intent of      the Parties hereto.  The Parties’ further agree to replace such      void or unenforceable provision of this Agreement with a valid and      enforceable provision that will achieve, to the extent possible, the      economic, business and other purposes of such void or unenforceable      provision. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.11   | Entire      Agreement.  The schedules and exhibits attached hereto      are incorporated into this Agreement by reference.  This      Agreement and the schedules and exhibits hereto, and the JVRA, constitute      the entire agreement between the Parties with respect to the subject      matter hereof and supersede all prior agreements and understandings both      written and oral between the Parties with respect to the subject matter      hereof, including the memorandum of understanding by and among Toshiba,      SanDisk and SanDisk Ireland dated October 20,  2008. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.12   | Counterparts.  This      Agreement may be executed in counterparts, each of which when so executed      will be deemed to be an original, and all such counterparts will together      constitute but one and the same instrument.  Execution and      delivery of this Agreement by exchange of facsimile copies bearing the      facsimile signature of a Party shall constitute a valid and binding      execution and delivery of this Agreement by such  Party. |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.13   | No Representations or      Warranties.  EXCEPT AS EXPRESSLY SET FORTH IN THE      REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS AGREEMENT, NO PARTY MAKES      ANY REPRESENTATIONS OR WARRANTIES REGARDING THE STATUS OR CONDITION OF THE      PURCHASED ASSETS, WHETHER EXPRESS OR IMPLIED, AND NO WARRANTY OF      MERCHANTABILITY, FITNESS FOR INTENDED OR PARTICULAR USE OR      OTHERWISE |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| “FP”FLASH      PARTNERS LIMITEDBy      ________________________________Name      ______________________________Title      _______________________________               | “FA”FLASH      ALLIANCE LIMITEDBy      ________________________________Name      ______________________________Title      _______________________________                      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| “TOSHIBA”TOSHIBA      CORPORATIONBy      ________________________________Name      ______________________________Title      _______________________________             | “SANDISK”SANDISK      CORPORATIONBy      ________________________________Name      ______________________________Title      _______________________________                    |
| “SANDISK      CAYMAN”SANDISK      (CAYMAN) LIMITEDBy      ________________________________Name      ______________________________Title      _______________________________ | “SANDISK      IRELAND”SANDISK      (IRELAND) LIMITEDBy      ________________________________Name      ______________________________Title      _______________________________ |

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|--------|--------|

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