Document:

Guarantee Agreement dated as of November 17, 2010

  
 Exhibit 10.2

 GUARANTEE, dated as of November 17, 2010 (as amended from time to time, this “Guarantee”), made
by Philip Morris USA Inc., a Virginia corporation (the “Guarantor”), in favor of the Lenders (the “Lenders”) party to the 364-Day Revolving Credit Agreement, dated as of November 17, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among Altria Group, Inc. (“Altria”), such Lenders and JPMorgan Chase Bank, N.A. (“JPMCB”) and Citibank, N.A., as
Administrative Agents for the Lenders. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. 
 WITNESSETH: 
 SECTION 1. Guarantee. (a) The Guarantor hereby
unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all the obligations of Altria now or hereafter existing under the Credit Agreement, whether for principal, interest, fees,
expenses or otherwise (such obligations being referred to herein as the “Obligations”). 
 (b) It is the
intention of the Guarantor that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the
extent applicable to this Guarantee. To effectuate the foregoing intention, the amount guaranteed by the Guarantor under this Guarantee shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other
contingent and fixed liabilities of the Guarantor that are relevant under such laws, result in the Obligations of the Guarantor under this Guarantee not constituting a fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. 
 SECTION 2. Guarantee
Absolute. The Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Credit Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such
terms or the rights of JPMCB, as Administrative Agent, or the Lenders with respect thereto. The liability of the Guarantor under this Guarantee shall be absolute and unconditional irrespective of: 

(a) any lack of validity, enforceability or genuineness of any provision of the Credit Agreement or any other agreement or instrument
relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the
Obligations, or any other amendment or waiver of or any consent to departure from the Credit Agreement; 
 (c) any exchange,
release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations; or 
 (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, Altria or a guarantor. 

  
 SECTION 3.
Subordination. The Guarantor covenants and agrees that its obligation to make payments of the Obligations hereunder constitutes an unsecured obligation of the Guarantor ranking (a) pari passu with all existing and future senior
indebtedness of the Guarantor and (b) senior in right of payment to all existing and future subordinated indebtedness of the Guarantor. 
 SECTION 4. Waiver; Subrogation. (a) The Guarantor hereby waives promptness, diligence, notice of acceptance and any other notice with respect to this Guarantee and any requirement that JPMCB,
as Administrative Agent, or any Lender protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against Altria or any other Person or any collateral. 

(b) The Guarantor hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against Altria that arise
from the existence, payment, performance or enforcement of the Guarantor’s obligations under this Guarantee or the Credit Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or
indemnification and any right to participate in any claim or remedy of JPMCB, as Administrative Agent, or any Lender against Altria or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common
law, including, without limitation, the right to take or receive from Altria, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall
be paid to the Guarantor in violation of the preceding sentence at any time prior to the cash payment in full of the Obligations and all other amounts payable under this Guarantee, such amount shall be held in trust for the benefit of JPMCB, as
Administrative Agent, and the Lenders and shall forthwith be paid to JPMCB, as Administrative Agent, to be credited and applied to the Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with
the terms of the Credit Agreement and this Guarantee, or be held as collateral for any Obligations or other amounts payable under this Guarantee thereafter arising. The Guarantor acknowledges that it will receive direct and indirect benefits from
the financing arrangements contemplated by the Credit Agreement and this Guarantee and that the waiver set forth in this Section 4(b) is knowingly made in contemplation of such benefits. 

SECTION 5. No Waiver; Remedies. No failure on the part of JPMCB, as Administrative Agent, or any Lender to exercise, and no delay
in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 SECTION 6. Continuing Guarantee; Transfer of Interest.
This Guarantee is a continuing guarantee and shall (a) remain in full force and effect until the earliest to occur of (i) the date, if any, on which the Guarantor shall consolidate with or merge into Altria or any successor thereto,
(ii) the date, if any, on which Altria or any successor thereto shall consolidate with or merge into the Guarantor, (iii) payment in full of the Obligations, and (iv) the rating of Altria’s long term senior unsecured debt by
Standard & Poor’s of A or higher, (b) be binding upon the Guarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by any Lender or Administrative Agent, and by their respective successors,
transferees, and assigns. 

  
 SECTION 7.
Reinstatement. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by JPMCB, as Administrative Agent, or any
Lender upon the insolvency, bankruptcy or reorganization of Altria or otherwise, all as though such payment had not been made. 

SECTION 8. Amendment. The Guarantor may amend this Guarantee at any time for any purpose without the consent of JPMCB, as
Administrative Agent, or any of the Lenders; provided, however, that if such amendment adversely affects the rights of any Lender, the prior written consent of such Lender shall be required. 

SECTION 9. Governing Law. This Guarantee shall be governed by, and construed in accordance with the laws of the State of New York.

 [Signature page follows.] 

  
 IN WITNESS WHEREOF,
the Guarantor has caused this Guarantee to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 

 

			
	PHILIP MORRIS USA INC.
		
	By:	 	/s/ William F. Gifford, Jr.
		 	Name: William F. Gifford, Jr.
		 	Title: President
		
	By:	 	/s/ Daniel J. Bryant
		 	 Name: Daniel J. Bryant

Title: Treasurer

 Signature Page – 364-Day GuaranteeForm of Subscription Agreement

  
 Exhibit 10.1

 SUBSCRIPTION AGREEMENT 
 This subscription agreement (this “Subscription Agreement”) is dated November 12, 2010, by and between the investor identified on the signature page hereto
(“Investor”), and Overland Storage, Inc., a California corporation (the “Company”), whereby the parties agree as follows: 
 1. Subscription. 
  

	 	a)	Investor agrees to buy and the Company agrees to sell and issue to Investor such number of shares of the Company’s common stock, no par value per share (the
“Common Stock”), set forth on the signature page hereto (the “Shares”) for the purchase price set forth on the signature page hereto (the “Purchase Price”). 

 

	 	b)	The Shares have been registered on a Form S-3, File No. 333-161881, which registration statement (the “Registration Statement”) was declared
effective by the Securities and Exchange Commission on October 8, 2009, has remained effective since such date and is effective on the date hereof. A final prospectus will be delivered as required by law. 

 

	 	c)	On November 17, 2010 (the “Closing Date”), subject to the satisfaction or waiver of all of the closing conditions set forth in the Financial
Advisory Agreement (the “Advisory Agreement”) dated November 12, 2010 by and between the Company and Roth Capital Partners, LLC (“Roth”), (a) the Investor shall pay the aggregate Purchase Price for the
Shares by delivery of immediately available funds to such Investor’s executing broker’s delivery versus payment account established at Roth, (b) the Company will deliver, or cause to be delivered, to Roth the Shares by authorizing the
release of the Shares to Roth’s clearing firm via DWAC delivery prior to the release of the federal funds wire to the Company for payment of such Shares, (c) Roth will deliver, or cause to be delivered, to the Investor, such
Investor’s Shares in accordance with the instructions provided by such Investor on its executing broker’s account versus payment for such Shares and (d) Roth will deliver, or cause to be delivered, to the Company, the aggregate
purchase price for the Securities, minus applicable fees and disbursements. Each of the Investor and the Company acknowledge and agree that the settlement procedure described above is being provided to the Company as an accomodation solely upon the
Company’s request. 

 2. Company Representations and Warranties. The Advisory Agreement contains representations,
warranties, covenants and agreements of the Company that may be relied upon by the Investor, which shall be a third party beneficiary thereof. The Company represents and warrants that a true and correct copy of the Advisory Agreement is attached
hereto as Exhibit A. In addition, and without limiting the generality of the foregoing, the Company represents and warrants that: (a) it has full right, power and authority to enter into this Subscription Agreement and to perform all of
its obligations hereunder; (b) this Subscription Agreement has been duly authorized and executed by and constitutes a valid and binding agreement of the Company enforceable in accordance with its terms, except as such enforceability may be
limited by 

 
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights and remedies of creditors generally and subject to general principles of equity; (c) the execution and
delivery of this Subscription Agreement and the consummation of the transactions contemplated hereby will not (i) result in a breach or violation of any of the terms and provisions of, or constitute a default under, any law, rule or regulation
to which the Company or any subsidiary is subject, or by which any property or asset of the Company or any subsidiary is bound or affected, (ii) conflict with, result in any violation or breach of, or constitute a default (or an event that with
notice or lapse of time or both would become a default) under, or give to others any right of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, lease, credit facility, debt, note,
bond, mortgage, indenture or other instrument or obligation or other understanding to which the Company or any subsidiary is a party or by which any property or asset of the Company or any subsidiary is bound or affected, or (iii) result in a
breach or violation of any of the terms and provisions of, or constitute a default under, the Company’s charter or bylaws, except in the case of clauses (i) and (ii) such breaches, violations, defaults, or conflicts which are not,
individually or in the aggregate, reasonably likely to result in a material adverse effect upon the business, properties, operations, condition (financial or otherwise) or results of operations of the Company and its subsidiaries, taken as a whole,
or in its ability to perform its obligations under the Subscription Agreement; (d) the Shares have been duly authorized for sale and issuance, and when issued and delivered, will be validly issued, fully paid and nonassessable; (e) all
preemptive rights or rights of first refusal held by stockholders of the Company and applicable to the transactions contemplated hereby, if any, have been duly satisfied or waived in accordance with the terms of the agreements between the Company
and such stockholders conferring such rights; and (f) except with respect to the transactions contemplated by the Advisory Agreement, this Subscription Agreement and other subscription agreements entered into pursuant to the Advisory Agreement,
the Company has not provided the Investor or any of its officers or directors with any material, non-public information. 
 3. Investor
Representations, Warranties and Acknowledgments. Investor represents and warrants that: (a) it has full right, power and authority to enter into this Subscription Agreement and to perform all of its obligations hereunder; (b) this
Subscription Agreement has been duly authorized and executed by and constitutes a valid and binding agreement of Investor enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the rights and remedies of creditors generally; (c) the execution and delivery of this Subscription Agreement and the consummation of the transactions contemplated hereby do not conflict with
or result in a breach of (i) Investor’s certificate of incorporation or by-laws (or other similar governing documents), or (ii) any material agreement or any law or regulation to which Investor is a party or by which any of its
property or assets is bound; (d) prior to the execution hereof, Investor has had full access to and relied only upon (i) the prospectus, dated October 7, 2009 (the “Base Prospectus”), contained in the Registration
Statement, (ii) any prospectus supplements to the Base Prospectus, including in each case information incorporated by reference therein, and (iii) the pricing, financial advisory and expense information contained in this Subscription
Agreement; and (e) it has not directly or indirectly, nor has any person acting on behalf of or pursuant to any understanding with such Investor, engaged in any transactions in the securities of the Company (including, without limitations, any
short sales (as defined in Rule 200(a) of Regulation SHO) involving the Company’s securities) since the time that such Investor was first 

  
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contacted by the Company regarding an investment in the Company. Investor acknowledges that Roth is acting as financial advisor to the Company and not placement agent in connection with the
transactions contemplated hereby. Investor covenants that neither it nor any person acting on its behalf or pursuant to any understanding with it will engage in any transactions in the securities of the Company (including short sales) prior to the
time that the transactions contemplated by this Subscription Agreement are publicly disclosed. 
 4. Covenants. 

 

	 	a)	The Company shall, (i) by 9:00 a.m. (New York City time) on the date hereof, issue a press release disclosing the material terms of the transactions contemplated
hereby, and (ii) issue a Current Report on Form 8-K including the Advisory Agreement and form of subscription agreement as exhibits thereto by 5:30 p.m. (New York City time) on the Closing Date. The Company agrees that neither the press release
nor the Current Report on Form 8-K will contain the identity of the Investors, unless otherwise required by law or any regulatory agency that regulates the Company. From and after the issuance of such press release and Current Report on Form 8-K,
the Company shall have publicly disclosed all material, non-public information delivered to the Investor by the Company, if any, or any of its officers or directors in connection with the transactions contemplated hereby. 

5. Miscellaneous. 
  

	 	a)	This Subscription Agreement constitutes the entire understanding and agreement between the parties with respect to its subject matter and there are no agreements or
understandings with respect to the subject matter hereof which are not contained in this Subscription Agreement. This Subscription Agreement may be modified only in writing signed by the parties hereto. The Company represents and warrants that this
Subscription Agreement is and will be the same in all material respects with other subscription agreements entered into pursuant to or in connection with the Advisory Agreement. The Company shall promptly notify the Investor of any proposed
amendment or modification to Section 2 (Representations and Warranties of the Company), Section 5 (Representations and Indemnities to Survive Delivery) or Section 8 (Successors; Third Party Beneficiaries) of the Advisory Agreement,
which shall require the prior written consent of the Investor. 

  

	 	b)	All representations, warranties, and agreements of the Company herein or in the Advisory Agreement shall survive delivery of, and payment for, the Shares hereunder.

  

	 	c)	This Subscription Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and shall become
effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties need not sign the same counterpart. Execution may be made by delivery of a facsimile or PDF.

  
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	 	d)	The provisions of this Subscription Agreement are severable and, in the event that any court or officials of any regulatory agency of competent jurisdiction shall
determine that any one or more of the provisions or part of the provisions contained in this Subscription Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision or part of a provision of this Subscription Agreement and this Subscription Agreement shall be reformed and construed as if such invalid or illegal or unenforceable provision, or part of such
provision, had never been contained herein, so that such provisions would be valid, legal and enforceable to the maximum extent possible, so long as such construction does not materially adversely effect the economic rights of either party hereto.

  

	 	e)	All communications hereunder shall be in writing and shall be mailed, hand delivered, sent by a recognized overnight courier service such as FedEx, or sent via
facsimile and confirmed by letter, to the party to whom it is addressed at the following addresses or such other address as such party may advise the other in writing: 

To the Company: as set forth on the signature page hereto. 

To the Investor: as set forth on the signature page hereto. 

All notices hereunder shall be effective upon receipt by the party to which it is addressed. 

 

	 	f)	This Subscription Agreement shall be governed by and interpreted in accordance with the laws of the State of California for contracts to be wholly performed in such
state and without giving effect to the principles thereof regarding the conflict of laws. To the extent determined by such court, the prevailing party shall reimburse the other party for any reasonable legal fees and disbursements incurred in
enforcement of, or protection of any of its rights under this Subscription Agreement. 

 ***** 

  
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 IN WITNESS WHEREOF,
the parties hereto have executed this Subscription Agreement effective as of the date first written above. 
  

			
	COMPANY:
	
	OVERLAND STORAGE, INC.

			
		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Its:
	 	  

 Address for Notice: 
 Kurt L. Kalbfleisch 

Chief Financial Officer 
 Overland Storage, Inc.

 9112 Spectrum Center Boulevard 
 San
Diego, CA 92123 
 With a copy to: 

Paul L. Sieben, Esq. 
 O’Melveny &
Myers LLP 
 2756 Sand Hill Road 
 Menlo
Park, CA 94025 
 [SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT] 

  

							
		 		 	INVESTOR:
			
		 		 	  

		 		 	(Print Name of Investor)
				
	Number of Shares:         	 		 	By:	 	  

							
		 		 	Name:	 	  

							
	Purchase Price per Share: $         	 		 	Its:	 	  

 Name and address in which the Shares 
 should be registered: 

[SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT] 

  
 EXHIBIT A

 ADVISORY AGREEMENT

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