Document:

EX-10.1

 Exhibit 10.1 
 AMENDMENT NO. 1 TO INVESTOR RIGHTS AGREEMENT 
 This Amendment No. 1 to
Investor Rights Agreement (this “Amendment No. 1”) is made this 5th day of February, 2013, by and among Western Digital Corporation, a Delaware corporation (the “Company”), and Hitachi, Ltd., a company
incorporated under the laws of Japan (the “Investor”) (each, a “Party” and, collectively, the “Parties”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in
the Investor Rights Agreement (as defined below). 
 WHEREAS, the Parties entered into an Investor Rights Agreement as of
March 8, 2012 (the “Investor Rights Agreement”); and 
 WHEREAS, the Parties desire to amend the Investor
Rights Agreement as reflected herein. 
 NOW, therefore, in exchange for good and valuable consideration, the receipt of which
is hereby acknowledged, the Parties hereby agree as follows: 
  

	1.	Section 4.01(a) of the Investor Rights Agreement. The first sentence of Section 4.01(a) of the Investor Rights Agreement is hereby amended and
restated in its entirety to read as follows. For clarity, the balance of Section 4.01(a) is unchanged. 

“On or before August 28, 2013 (the “Shelf Date”), so long as the Company is eligible to do so, the Company
shall file with the SEC a Registration Statement providing for registration and resale, on a continuous or delayed basis pursuant to Rule 415 under the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the SEC, of all of the Registrable Securities; provided that such obligation shall be satisfied if the Company shall have in effect an automatically effective shelf registration statement on Form S-3ASR (or any comparable
or successor form or forms then in effect) (an “Existing Shelf Registration Statement”) as of the Shelf Date (any such registration statement, a “Shelf Registration Statement”) that covers resale of the Registrable
Securities; provided, further, that, for the avoidance of doubt, the existence of an Existing Shelf Registration Statement shall not have any effect on the restrictions set forth in Section 3.03.” 

 

	2.	Section 4.02(a) of the Investor Rights Agreement. The first sentence of Section 4.02(a) of the Investor Rights Agreement is hereby amended and restated
in its entirety to read as follows. For clarity, the balance of Section 4.02(a) is unchanged. 

 “At any
time following the Shelf Date, if the Company is unable to file, cause to be effective or maintain the effectiveness of a Shelf Registration Statement as required under Section 4.01, the Investor shall have the right, by delivering a
written notice to the Company (a “Demand Notice”), to require the Company to register under and in accordance with the provisions of the Securities Act the number of Registrable Securities Beneficially Owned by the Investor and
requested by such Demand Notice to be so registered (a “Demand Registration”); provided, however, that the Company shall not be required to effect more than three (3) Demand Registrations for underwritten
offerings pursuant to this Section 4.02(a); provided, further, that the Investor shall not be entitled to deliver to the Company more than two (2) Demand Registrations in any twelve (12) month period; and
provided, further, that a Demand Registration may not be made until at least one hundred and twenty (120) days after the date of a prior Demand Registration, and, in any event, a Demand Notice may only be made if the sale of the
Registrable Securities requested to be registered by the Investor is reasonably expected to result in aggregate gross cash proceeds in excess of Fifty Million Dollars ($50,000,000) (without regard to any underwriting discount or commission); and
provided, further, that the Investor shall not be entitled to request more than three (3) Company Supported Distributions in the aggregate (including underwritten Demand Registrations).” 

 

	3.	Effect on the Investor Rights Agreement. This Amendment No. 1 shall not constitute a waiver, amendment or modification of any provision of the Investor
Rights Agreement not expressly referred to herein. Except as expressly amended or modified herein, the provisions of the Investor Rights Agreement are and shall remain in full force and effect and are hereby ratified and confirmed. On and after the
date hereof, each reference in the Investor Rights Agreement to “this Agreement”, “herein”, “hereof”, “hereunder” or words of similar import shall mean and be a reference to the Investor Rights Agreement as
amended hereby, although it shall not alter the dates as of which any provision of the Investor Rights Agreement speaks. For example, phrases such as “as of the date hereof” and “as of the date of this Agreement” shall continue
to refer to March 8, 2012, the date that the Investor Rights Agreement was originally executed. To the extent that a provision of this Amendment No. 1 conflicts with or differs from a provision of the Investor Rights Agreement, such
provision of this Amendment No. 1 shall prevail and govern for all purposes and in all respects. 

	4.	Miscellaneous. Sections 6.01, 6.04, 6.05, 6.07, 6.10, 6.13 and 6.14 of the Investor Rights Agreement are incorporated herein by reference.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment No. 1 to be duly executed by their
respective authorized officers on the day and year first above written. 
  

			
	“COMPANY”
	
	WESTERN DIGITAL CORPORATION
		
	By:	 	  /s/ Wolfgang Nickl

		 	Wolfgang Nickl
		 	 Executive Vice President

And Chief Financial Officer

  

			
	“INVESTOR”
	
	 HITACHI, LTD.

		
	By:	 	  /s/ Toyoki Furuta

		 	Toyoki Furuta
		 	 General Manager
 Business
Development OfficeEX-10.2

 Exhibit 10.2 
 Western Digital Corporation 
 Summary of Compensation Arrangements 

for 
 Named
Executive Officers and Directors 
 NAMED EXECUTIVE OFFICERS 
 Base Salaries. The current annual base salaries for the current executive officers of Western Digital Corporation (the “Company”) who were named in the Summary Compensation Table in the
Company’s Proxy Statement that was filed with the Securities and Exchange Commission in connection with the Company’s 2012 Annual Meeting of Stockholders (the “Named Executive Officers”) are as follows: 

 

									
	 Named Executive Officer
	  	 Title
	 	 	  	Current Base Salary	 
	 Stephen D. Milligan
	  	President and Chief Executive Officer	 		  	$	1,000,000	  
	 Wolfgang U. Nickl
	  	Executive Vice President and Chief Financial Officer	 		  	$	450,000	  
	 Timothy M. Leyden
	  	President, WD Subsidiary	 		  	$	700,000	  
	 James J. Murphy
	  	Executive Vice President, Storage Products and Worldwide Sales	 		  	$	450,000	  

 Semi-Annual Bonuses. Under the Company’s Incentive Compensation Plan (the “ICP”),
the Named Executive Officers are also eligible to receive semi-annual cash bonus awards that are determined based on the Company’s achievement of performance goals pre-established by the Compensation Committee (the “Committee”) of the
Company’s Board of Directors as well as other discretionary factors. The ICP, including the performance goals established by the Committee for the second half of fiscal 2013, are further described in the Company’s current report on form
8-K filed with the Securities and Exchange Commission on February 19, 2013, which is incorporated herein by reference. 

Additional Compensation. The Named Executive Officers are also eligible to receive equity-based incentives and discretionary
bonuses as determined from time to time by the Committee, are entitled to participate in various Company plans, and are subject to other written agreements, in each case as set forth in exhibits to the Company’s filings with the Securities and
Exchange Commission. In addition, the Named Executive Officers may be eligible to receive perquisites and other personal benefits as disclosed in the Company’s Proxy Statement filed with the Securities and Exchange Commission in connection with
the Company’s 2012 Annual Meeting of Stockholders. 

 DIRECTORS 
 Annual Retainer and Committee Retainer Fees. The following table sets forth the current annual retainer and committee membership fees payable to each of the Company’s non-employee
directors other than the Hitachi Designated Directors: 
  

					
	 Type of Fee
	  	Current Annual
Retainer Fees	 
	 Annual Retainer
	  	$	75,000	  
	 Lead Independent Director Retainer
	  	$	20,000	  
	 Non-Executive Chairman of Board Retainer
	  	$	100,000	  
	 Additional Committee Retainers
	  			
	 •   Audit Committee
	  	$	15,000	  
	 •   Compensation Committee
	  	$	12,500	  
	 •   Governance Committee
	  	$	7,500	  
	 Additional Committee Chairman Retainers
	  			
	 •   Audit Committee
	  	$	25,000	  
	 •   Compensation Committee
	  	$	22,500	  
	 •   Governance Committee
	  	$	12,500	  

 The retainer fee to the Company’s lead independent director referred to above is paid only if the
Chairman of the Board is an employee of the Company. Effective commencing with the Company’s 2010 Annual Meeting of Stockholders, the annual retainer fees are paid immediately following the Annual Meeting of Stockholders. 

Non-employee directors do not receive a separate fee for each Board of Directors or committee meeting they attend. However, the Company
reimburses all non-employee directors for reasonable out-of-pocket expenses incurred to attend each Board of Directors or committee meeting. Mr. Milligan, who is an employee of the Company, does not receive any compensation for his service on
the Board or any Board committee. 
 Additional Director Compensation. The Company’s non-employee directors are also
entitled to participate in the following other Company plans as set forth in exhibits to the Company’s filings with the Securities and Exchange Commission: Non-Employee Director Option Grant Program and Non-Employee Director Restricted Stock
Unit Grant Program, each as adopted under the Company’s Amended and Restated 2004 Performance Incentive Plan; Amended and Restated Non-Employee Directors Stock-for-Fees Plan; and Deferred Compensation Plan.

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