Document:

exv10w1

Exhibit 10.1

OCZ Technology Group, Inc. 2004 Stock Incentive Plan

 

 

OCZ TECHNOLOGY GROUP, INC.

2004 Stock Incentive Plan

Adopted by the Board on December 21, 2004

Approved by the Stockholders on December 21, 2004

As amended April 28, 2006

As amended April 18, 2007

As amended March 25, 2009

 

 

 

 

OCZ Technology Group, Inc. 2004 Stock Incentive Plan

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	SECTION 1.	 	PURPOSE	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	SECTION 2.	 	DEFINITIONS	 	 	1	 
	 
	 	2.1	 	“Board”	 	 	1	 
	 
	 	2.2	 	“Change in Control”	 	 	1	 
	 
	 	2.3	 	“Code”	 	 	2	 
	 
	 	2.4	 	“Committee”	 	 	2	 
	 
	 	2.5	 	“Company”	 	 	2	 
	 
	 	2.6	 	“Consultant”	 	 	2	 
	 
	 	2.7	 	“Disability”	 	 	2	 
	 
	 	2.8	 	“Employee”	 	 	2	 
	 
	 	2.9	 	“Exchange Act”	 	 	2	 
	 
	 	2.10	 	“Exercise Price”	 	 	2	 
	 
	 	2.11	 	“Fair Market Value”	 	 	2	 
	 
	 	2.12	 	“ISO”	 	 	2	 
	 
	 	2.13	 	“NSO”	 	 	2	 
	 
	 	2.14	 	“Option”	 	 	3	 
	 
	 	2.15	 	“Optionee”	 	 	3	 
	 
	 	2.16	 	“Outside Director”	 	 	3	 
	 
	 	2.17	 	“Parent”	 	 	3	 
	 
	 	2.18	 	“Plan”	 	 	3	 
	 
	 	2.19	 	“Purchase Price”	 	 	3	 
	 
	 	2.20	 	“Purchaser”	 	 	3	 
	 
	 	2.21	 	“Restricted Share Agreement”	 	 	3	 
	 
	 	2.22	 	“Securities Act”	 	 	3	 
	 
	 	2.23	 	“Service”	 	 	3	 
	 
	 	2.24	 	“Share”	 	 	3	 
	 
	 	2.25	 	“Stock”	 	 	3	 
	 
	 	2.26	 	“Stock Option Agreement”	 	 	3	 
	 
	 	2.27	 	“Subsidiary”	 	 	4	 
	 
	 	2.28	 	“Ten-Percent Stockholder”	 	 	4	 
	 
	 	 	 	 	 	 	 	 
	SECTION 3.	 	ADMINISTRATION	 	 	4	 
	 
	 	3.1	 	General Rule	 	 	4	 
	 
	 	3.2	 	Board Authority and Responsibility	 	 	4	 
	 
	 	 	 	 	 	 	 	 
	SECTION 4.	 	ELIGIBILITY	 	 	4	 
	 
	 	4.1	 	General Rule	 	 	4	 
	 
	 	 	 	 	 	 	 	 
	SECTION 5.	 	STOCK SUBJECT TO PLAN	 	 	4	 
	 
	 	5.1	 	Share Limit	 	 	4	 
	 
	 	5.2	 	Additional Shares	 	 	4	 

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	SECTION 6.	 	RESTRICTED SHARES	 	 	5	 
	 
	 	6.1	 	Restricted Share Agreement	 	 	5	 
	 
	 	6.2	 	Duration of Offers and Nontransferability of Purchase Rights	 	 	5	 
	 
	 	6.3	 	Purchase Price	 	 	5	 
	 
	 	6.4	 	Repurchase Rights and Transfer Restrictions	 	 	5	 
	 
	 	 	 	 	 	 	 	 
	SECTION 7.	 	STOCK OPTIONS	 	 	5	 
	 
	 	7.1	 	Stock Option Agreement	 	 	5	 
	 
	 	7.2	 	Number of Shares; Kind of Option	 	 	5	 
	 
	 	7.3	 	Exercise Price	 	 	6	 
	 
	 	7.4	 	Term	 	 	6	 
	 
	 	7.5	 	Exercisability	 	 	6	 
	 
	 	7.6	 	Repurchase Rights and Transfer Restrictions	 	 	7	 
	 
	 	7.7	 	Transferability of Options	 	 	7	 
	 
	 	7.8	 	Exercise of Options on Termination of Service	 	 	7	 
	 
	 	7.9	 	No Rights as a Stockholder	 	 	7	 
	 
	 	7.10	 	Modification, Extension and Renewal of Options	 	 	7	 
	 
	 	 	 	 	 	 	 	 
	SECTION 8.	 	PAYMENT FOR SHARES	 	 	8	 
	 
	 	8.1	 	General	 	 	8	 
	 
	 	8.2	 	Surrender of Stock	 	 	8	 
	 
	 	8.3	 	Services Rendered	 	 	8	 
	 
	 	8.4	 	Promissory Notes	 	 	8	 
	 
	 	8.5	 	Exercise/Sale	 	 	8	 
	 
	 	8.6	 	Exercise/Pledge	 	 	8	 
	 
	 	8.7	 	Other Forms of Payment	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	SECTION 9.	 	ADJUSTMENT OF SHARES	 	 	9	 
	 
	 	9.1	 	General	 	 	9	 
	 
	 	9.2	 	Dissolution or Liquidation	 	 	9	 
	 
	 	9.3	 	Mergers and Consolidations	 	 	9	 
	 
	 	9.4	 	Reservation of Rights	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	SECTION 10.	 	REPURCHASE RIGHTS	 	 	10	 
	 
	 	10.1	 	Company’s Right To Repurchase Shares	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	SECTION 11.	 	WITHHOLDING TAXES	 	 	10	 
	 
	 	11.1	 	General	 	 	10	 
	 
	 	11.2	 	Share Withholding	 	 	10	 
	 
	 	11.3	 	Cashless Exercise/Pledge	 	 	11	 
	 
	 	11.4	 	Other Forms of Payment	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	SECTION 12.	 	SECURITIES LAW REQUIREMENTS	 	 	11	 
	 
	 	12.1	 	General	 	 	11	 
	 
	 	12.2	 	Voting and Dividend Rights	 	 	11	 
	 
	 	12.3	 	Financial Reports	 	 	11	 

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	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	SECTION 13.	 	NO RETENTION RIGHTS	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	SECTION 14.	 	DURATION AND AMENDMENTS	 	 	11	 
	 
	 	14.1	 	Term of the Plan	 	 	11	 
	 
	 	14.2	 	Right to Amend or Terminate the Plan	 	 	11	 
	 
	 	14.3	 	Effect of Amendment or Termination	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	SECTION 15.	 	EXECUTION	 	 	13	 

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

OCZ TECHNOLOGY GROUP, INC.

2004 STOCK INCENTIVE PLAN

SECTION 1. PURPOSE.

     The Plan was adopted by the Board of Directors effective December 21, 2004. The purpose of
the Plan is to offer selected service providers the opportunity to acquire equity in the Company
through awards of Options (which may constitute incentive stock options or nonstatutory stock
options) and the award or sale of Shares.

     The award of Options and the award or sale of Shares under the Plan is intended to be exempt
from the securities qualification requirements of the California Corporations Code by satisfying
the exemption under section 25102(o) of the California Corporations Code. However, awards of
Options and the award or sale of Shares may be made in reliance upon other state securities law
exemptions. To the extent that such other exemptions are relied upon, the terms of this Plan which
are included only to comply with section 25102(o) shall be disregarded to the extent provided in
the Stock Option Agreement or Restricted Share Agreement.

SECTION 2. DEFINITIONS.

	2.1	 	“Board” shall mean the Board of Directors of the Company, as constituted from time to time.
	 
	2.2	 	“Change in Control” shall mean the occurrence of any of the following events:

	 	(a)	 	The consummation of a merger or consolidation of the Company with or into
another entity or any other corporate reorganization, if persons who were not
stockholders of the Company immediately prior to such merger, consolidation or other
reorganization own immediately after such merger, consolidation or other reorganization
fifty percent (50%) or more of the voting power of the outstanding securities of each
of (A) the continuing or surviving entity and (B) any direct or indirect parent
corporation of such continuing or surviving entity;
	 
	 	(b)	 	The consummation of the sale, transfer or other disposition of all or
substantially all of the Company’s assets or the stockholders of the Company approve a
plan of complete liquidation of the Company; or
	 
	 	(c)	 	Any “person” (as defined below) who, by the acquisition or aggregation of
securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing fifty
percent (50%) or more of the combined voting power of the Company’s then outstanding
securities ordinarily (and apart from rights accruing under special circumstances)
having the right to vote at elections of directors (the “Base Capital Stock”); except
that any change in the relative beneficial ownership
of the Company’s securities by any person resulting solely from a reduction in the
aggregate number of outstanding shares of Base Capital Stock, and any decrease

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	 	 	 	thereafter in such person’s ownership of securities, shall be disregarded until such
person increases in any manner, directly or indirectly, such person’s beneficial
ownership of any securities of the Company.

For purposes of Section 2.2(c), the term “person” shall have the same meaning as when used in
sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a trustee or other fiduciary
holding securities under an employee benefit plan maintained by the Company or a Parent or
Subsidiary and (2) a corporation owned directly or indirectly by the stockholders of the Company in
substantially the same proportions as their ownership of the Stock.

Notwithstanding the foregoing, the term “Change in Control” shall not include a transaction the
sole purpose of which is (a) to change the state of the Company’s incorporation, (b) to form a
holding company that will be owned in substantially the same proportions by the persons who held
the Company’s securities immediately before such transaction; or (c) to make an initial public
offering of the Company’s Stock.

	2.3	 	“Code” shall mean the Internal Revenue Code of 1986, as amended.
	 
	2.4	 	“Committee” shall mean the committee designated by the Board, which is authorized to
administer the Plan, as described in Section 3 hereof.
	 
	2.5	 	“Company” shall mean OCZ Technology Group, Inc., a Delaware corporation.
	 
	2.6	 	“Consultant” shall mean a consultant or advisor who is not an Employee or Outside Director
and who performs bona fide services for the Company, a Parent or Subsidiary.
	 
	2.7	 	“Disability” shall mean a condition that renders an individual unable to engage in
substantial gainful activity by reason of any medically determinable physical or mental
impairment.
	 
	2.8	 	“Employee” shall mean any individual who is a common-law employee of the Company, a Parent
or a Subsidiary and who is an “employee” within the meaning of section 3401(c) of the Code and
regulations issued thereunder.
	 
	2.9	 	“Exchange Act” shall mean the U.S. Securities and Exchange Act of 1934, as amended.
	 
	2.10	 	“Exercise Price” shall mean the amount for which one Share may be purchased upon the
exercise of an Option, as specified in a Stock Option Agreement.
	 
	2.11	 	“Fair Market Value” means, with respect to a Share, the market price of one Share of Stock,
determined by the Board in good faith. Such determination shall be conclusive and binding on
all persons.
	 
	2.12	 	“ISO” shall mean an incentive stock option described in section 422(b) of the Code.
	 
	2.13	 	“NSO” shall mean a stock option that is not an ISO.

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	2.14	 	“Option” shall mean an ISO or NSO granted under the Plan and entitling the holder to
purchase Shares.
	 
	2.15	 	“Optionee” shall mean an individual or estate that holds an Option.
	 
	2.16	 	“Outside Director” shall mean a member of the Board of the Company, a Parent or a Subsidiary
who is not an Employee.
	 
	2.17	 	“Parent” shall mean any corporation (other than the Company) in an unbroken chain of
corporations ending with the Company, if each of the corporations other than the Company owns
stock possessing fifty percent (50%) or more of the total combined voting power of all classes
of stock in one of the other corporations in such chain. A corporation that attains the
status of a Parent on a date after the adoption of the Plan shall be considered a Parent
commencing as of such date.
	 
	2.18	 	“Plan” shall mean the OCZ Technology Group, Inc. 2004 Stock Incentive Plan.
	 
	2.19	 	“Purchase Price” shall mean the consideration for which one Share may be acquired under the
Plan (other than upon exercise of an Option).
	 
	2.20	 	“Purchaser” shall mean a person to whom the Board has offered the right to acquire Shares
under the Plan (other than upon exercise of an Option).
	 
	2.21	 	“Restricted Share Agreement” shall mean the agreement between the Company and a Purchaser
who acquires Shares under the Plan that contains the terms, conditions and restrictions
pertaining to the acquisition of such Shares.
	 
	2.22	 	“Securities Act” shall mean the U.S. Securities Act of 1933, as amended.
	 
	2.23	 	“Service” shall mean service as an Employee, a Consultant or an Outside Director. Service
shall be deemed to continue during a bona fide leave of absence approved by the Company in
writing if and to the extent that continued crediting of Service for purposes of the Plan is
expressly required by the terms of such leave or by applicable law, as determined by the
Company. However, for purposes of determining whether an Option is entitled to ISO status,
and to the extent required under the Code, an Employee’s Service will be treated as
terminating ninety (90) days after such Employee went on leave, unless such Employee’s right
to return to active work is guaranteed by law or by a contract or such Employee immediately
returns to active work.
	 
	2.24	 	“Share” shall mean one share of Stock, as adjusted in accordance with Section 9 (if
applicable).
	 
	2.25	 	“Stock” shall mean the common stock of the Company.
	 
	2.26	 	“Stock Option Agreement” shall mean the agreement between the Company and an Optionee which
contains the terms, conditions and restrictions pertaining to the Optionee’s Option.

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	2.27	 	“Subsidiary” means any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company, if each of the corporations other than the last
corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such
chain. A corporation that attains the status of a Subsidiary on a date after the adoption of
the Plan shall be considered a Subsidiary commencing as of such date.
	 
	2.28	 	“Ten-Percent Stockholder” means an individual who owns more than ten percent (10%) of the
total combined voting power of all classes of outstanding stock of the Company, its Parent or
any of its Subsidiaries. In determining stock ownership for purposes of this Section 2.28,
the attribution rules of section 424(d) of the Code shall be applied.

SECTION 3. ADMINISTRATION.

	3.1	 	General Rule The Plan shall be administered by the Board. However, the Board may delegate
any or all administrative functions under the Plan otherwise exercisable by the Board to one
or more Committees. Each Committee shall consist of one or more members of the Board who have
been appointed by the Board. Each Committee shall have the authority and be responsible for
such functions as the Board has assigned to it. If a Committee has been appointed, any
reference to the Board in the Plan shall be construed as a reference to the Committee to whom
the Board has assigned a particular function.
	 
	3.2	 	Board Authority and Responsibility. Subject to the provisions of the Plan, the Board shall
have full authority and discretion to take any actions it deems necessary or advisable for the
administration of the Plan. All decisions, interpretations and any other actions of the Board
with respect to the Plan shall be final and binding on all persons deriving rights under the
Plan.

SECTION 4. ELIGIBILITY.

	4.1	 	General Rule. Only Employees shall be eligible for the grant of ISOs. Only Employees,
Consultants and Outside Directors shall be eligible for the grant of NSOs or the award or sale
of Shares.

SECTION 5. STOCK SUBJECT TO PLAN.

	5.1	 	Share Limit. Subject to Sections 5.2 and 9, the aggregate number of Shares which may be
issued under the Plan shall not exceed 13,082,182 Shares. The number of Shares which are
subject to Options or other rights outstanding at any time shall not exceed the number of
Shares which then remain available for issuance under the Plan. The Company, during the term
of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the
requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares
or treasury Shares.
	 
	5.2	 	Additional Shares. In the event that any outstanding Option or other right expires or is
canceled for any reason, the Shares allocable to the unexercised portion of such Option or

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	 	other right shall remain available for issuance pursuant to the Plan. If a Share previously
issued under the Plan is reacquired by the Company pursuant to a forfeiture provision, right
of repurchase or right of first refusal, then such Share shall again become available for
issuance under the Plan.

SECTION 6. RESTRICTED SHARES.

	6.1	 	Restricted Share Agreement. Each award or sale of Shares under the Plan (other than upon
exercise of an Option) shall be evidenced by a Restricted Share Agreement between the
Purchaser and the Company. Such award or sale shall be subject to all applicable terms and
conditions of the Plan and may be subject to any other terms and conditions imposed by the
Board, as set forth in the Restricted Share Agreement, that are not inconsistent with the
Plan. The provisions of the various Restricted Share Agreements entered into under the Plan
need not be identical.
	 
	6.2	 	Duration of Offers and Nontransferability of Purchase Rights. Any right to acquire Shares
(other than an Option) shall automatically expire if not exercised by the Purchaser within
thirty (30) days after the Company communicates the grant of such right to the Purchaser.
Such right shall be nontransferable and shall be exercisable only by the Purchaser to whom the
right was granted.
	 
	6.3	 	Purchase Price. The Purchase Price of Shares offered under the Plan shall not be less than
eighty-five percent (85%) of the Fair Market Value of such Shares; provided, however, if the
Purchaser is a Ten-Percent Stockholder, the Purchase Price shall not be less than one hundred
percent (100%) of the Fair Market Value of such Shares. Subject to the foregoing in this
Section 6.3, the Board shall determine the amount of the Purchase Price in its sole
discretion. The Purchase Price shall be payable in a form described in Section 8.
	 
	6.4	 	Repurchase Rights and Transfer Restrictions. Each award or sale of Shares shall be subject
to such forfeiture conditions, rights of repurchase, rights of first refusal and other
transfer restrictions as the Board may determine, subject to the requirements of Section 10.
Such restrictions shall be set forth in the applicable Restricted Share Agreement and shall
apply in addition to any restrictions otherwise applicable to holders of Shares generally.

SECTION 7. STOCK OPTIONS.

	7.1	 	Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a
Stock Option Agreement between the Optionee and the Company. The Option shall be subject to
all applicable terms and conditions of the Plan and may be subject to any other terms and
conditions imposed by the Board, as set forth in the Stock Option Agreement, which are not
inconsistent with the Plan. The provisions of the various Stock Option Agreements entered
into under the Plan need not be identical.
	 
	7.2	 	Number of Shares; Kind of Option. Each Stock Option Agreement shall specify the number of
Shares that are subject to the Option and shall provide for the adjustment of

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	 	 	such number in accordance with Section 9. The Stock Option Agreement shall also specify
whether the Option is intended to be an ISO or an NSO.
	 
	7.3	 	Exercise Price. Each Stock Option Agreement shall set forth the Exercise Price, which shall
be payable in a form described in Section 8. Subject to the following requirements, the
Exercise Price under any Option shall be determined by the Board in its sole discretion:

	 	(a)	 	Minimum Exercise Price for ISOs. The Exercise Price per Share of an
ISO shall not be less than one hundred percent (100%) of the Fair Market Value of a
Share on the date of grant; provided, however, that the Exercise Price per Share of an
ISO granted to a Ten-Percent Stockholder shall not be less than one hundred ten percent
(110%) of the Fair Market Value of a Share on the date of grant.
	 
	 	(b)	 	Minimum Exercise Price for NSOs. The Exercise Price per Share of an
NSO shall not be less than eighty-five percent (85%) of the Fair Market Value of a
Share on the date of grant; provided, however, that the Exercise Price per Share of an
NSO granted to a Ten-Percent Stockholder shall not be less than one hundred ten percent
(110%) of the Fair Market Value of a Share on the date of grant.

	7.4	 	Term. Each Stock Option Agreement shall specify the term of the Option. The term of an
Option shall in no event exceed ten (10) years from the date of grant. The term of an ISO
granted to a Ten-Percent Stockholder shall not exceed five (5) years from the date of grant.
Subject to the foregoing, the Board in its sole discretion shall determine when an Option
shall expire.
	 
	7.5	 	Exercisability. Each Stock Option Agreement shall specify the date when all or any
installment of the Option is to become exercisable; provided, however, that no Option shall be
exercisable unless the Optionee has delivered to the Company an executed copy of the Stock
Option Agreement. Subject to the following restrictions, the Board in its sole discretion
shall determine when all or any installment of an Option is to become exercisable and may, in
its discretion, provide for accelerated exercisability in the event of a Change in Control or
other events:

	 	(a)	 	Options Granted to Employees. An Option granted to an Optionee who is
not a Consultant or an officer or director of the Company, a Parent or a Subsidiary
shall be exercisable at the minimum rate of twenty percent (20%) per year for each of
the first five (5) years starting from the date of grant, subject to reasonable
conditions such as continued Service.
	 
	 	(b)	 	Options Granted to Outside Directors, Consultants or Officers. An
Option granted to an Optionee who is a Consultant or an officer or director of the
Company, a Parent or a Subsidiary shall be exercisable at any time or during any period
established by the Board, subject to reasonable conditions such as continued Service.

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	(c)	 	Early Exercise. A Stock Option Agreement may permit the Optionee to
exercise the Option as to Shares that are subject to a right of repurchase by the
Company in accordance with the requirements of Section 10.1.

	7.6	 	Repurchase Rights and Transfer Restrictions. Shares purchased on exercise of Options shall
be subject to such forfeiture conditions, rights of repurchase, rights of first refusal and
other transfer restrictions as the Board may determine, subject to the requirements of Section
10. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall
apply in addition to any restrictions otherwise applicable to holders of Shares generally.
	 
	7.7	 	Transferability of Options. During an Optionee’s lifetime, his or her Options shall be
exercisable only by the Optionee or by the Optionee’s guardian or legal representatives, and
shall not be transferable other than by beneficiary designation, will or the laws of descent
and distribution. Notwithstanding the foregoing, however, to the extent that a Stock Option
Agreement so provides, an NSO may be transferred by the Optionee to one or more family members
or a trust established for the benefit of the Optionee and/or one or more family members to
the extent permitted by section 260.140.41(d) of Title 10 of the California Code of
Regulations and Rule 701 of the Securities Act.
	 
	7.8	 	Exercise of Options on Termination of Service. Each Option shall set forth the extent to
which the Optionee shall have the right to exercise the Option following termination of the
Optionee’s Service. Each Stock Option Agreement shall provide the Optionee with the right to
exercise the Option following the Optionee’s termination of Service during the Option term, to
the extent the Option was exercisable for vested Shares upon termination of Service, for at
least thirty (30) days if termination of Service is due to any reason other than cause, death
or Disability, and for at least six (6) months after termination of Service if due to death or
Disability (but in no event later than the expiration of the Option term). If the Optionee’s
Service is terminated for cause, the Stock Option Agreement may provide that the Optionee’s
right to exercise the Option terminates immediately on the effective date of the Optionee’s
termination. To the extent the Option was not exercisable for vested Shares upon termination
of Service, the Option shall terminate when the Optionee’s Service terminates. Subject to the
foregoing, such provisions shall be determined in the sole discretion of the Board, need not
be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based
on the reasons for termination of Service.
	 
	7.9	 	No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no
rights as a stockholder with respect to any Shares covered by the Option until such person
becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise
Price pursuant to the terms of the Option. No adjustments shall be made, except as provided
in Section 9.
	 
	7.10	 	Modification, Extension and Renewal of Options. Within the limitations of the Plan, the
Board may modify, extend or renew outstanding Options or may accept the cancellation
of outstanding Options (to the extent not previously exercised), whether or not granted
hereunder, in return for the grant of new Options for the same or a different number of

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	 	Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no
modification of an Option shall, without the consent of the Optionee, impair his or her
rights or increase the Optionee’s obligations under such Option.

SECTION 8. PAYMENT FOR SHARES.

	8.1	 	General. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall
be payable in cash, cash equivalents or one of the other forms provided in this Section 8.
	 
	8.2	 	Surrender of Stock. To the extent permitted by the Board in its sole discretion, payment
may be made in whole or in part by surrendering, or attesting to ownership of, Shares which
have already been owned by the Optionee; provided, however, that payment may not be made in
such form if such action would cause the Company to recognize any (or additional) compensation
expense with respect to the Option for financial reporting purposes. Such Shares shall be
surrendered to the Company in good form for transfer and shall be valued at their Fair Market
Value on the date of Option exercise.
	 
	8.3	 	Services Rendered. As determined by the Board in its discretion, Shares may be awarded
under the Plan in consideration of past services rendered to the Company, a Parent or
Subsidiary.
	 
	8.4	 	Promissory Notes. To the extent permitted by the Board in its sole discretion, payment may
be made in whole or in part with a full-recourse promissory note executed by the Optionee or
Purchaser. However, the par value of the Shares being purchased under the Plan, if newly
issued, shall be paid in cash or cash equivalents. The interest rate payable under the
promissory note shall not be less than the minimum rate required to avoid the imputation of
income for U.S. federal income tax purposes. Shares shall be pledged as security for payment
of the principal amount of the promissory note, and interest thereon; provided that if the
Optionee or Purchaser is a Consultant, such note must be collateralized with such additional
security to the extent required by applicable laws. In no event shall the stock
certificate(s) representing such Shares be released to the Optionee or Purchaser until such
note is paid in full. Subject to the foregoing, the Board shall determine the term, interest
rate and other provisions of the note.
	 
	8.5	 	Exercise/Sale. To the extent permitted by the Board in its sole discretion, and if a public
market for the Shares exists, payment may be made in whole or in part by delivery (on a form
prescribed by the Company) of an irrevocable direction to a securities broker approved by the
Company to sell Shares and to deliver all or part of the sale proceeds to the Company in
payment of all or part of the Exercise Price and any withholding taxes.
	 
	8.6	 	Exercise/Pledge. To the extent permitted by the Board in its sole discretion, and if a
public market for the Shares exists, payment may be made in whole or in part by delivery (on a
form prescribed by the Company) of an irrevocable direction to a securities broker or lender
approved by the Company to pledge Shares, as security for a loan, and to
deliver all or part of the loan proceeds to the Company in payment of all or part of the
Exercise Price and any withholding taxes.

-8-

 

OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	8.7	 	Other Forms of Payment. To the extent permitted by the Board in its sole discretion,
payment may be made in any other form that is consistent with applicable laws, regulations and
rules.

SECTION 9. ADJUSTMENT OF SHARES.

	9.1	 	General. In the event of a subdivision of the outstanding Stock, a declaration of a
dividend payable in Shares, a declaration of an extraordinary dividend payable in a form other
than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a
combination or consolidation of the outstanding Stock into a lesser number of Shares, a
recapitalization, a spin-off, a reclassification, a stock split or a similar occurrence, the
Board shall make appropriate adjustments to one or more of the following: (i) the number of
Shares available for future awards under Section 5; (ii) the number of Shares covered by each
outstanding Option; (iii) the Exercise Price under each outstanding Option; or (iv) the price
of Shares subject to the Company’s right of repurchase.
	 
	9.2	 	Dissolution or Liquidation. To the extent not previously exercised or settled, Options shall
terminate immediately prior to the dissolution or liquidation of the Company.
	 
	9.3	 	Mergers and Consolidations. In the event that the Company is a party to a merger or other
consolidation, or in the event of a transaction providing for the sale of all or substantially
all of the Company’s stock or assets, outstanding Options shall be subject to the agreement of
merger, consolidation or sale. Such agreement may provide for one or more of the following:
(i) the continuation of the outstanding Options by the Company, if the Company is a surviving
corporation; (ii) the assumption of the Plan and outstanding Options by the surviving
corporation or its parent; (iii) the substitution by the surviving corporation or its parent
of options with substantially the same terms for such outstanding Options; (iv) immediate
exercisability of such outstanding Options followed by the cancellation of such Options; or
(v) settlement of the full value of the outstanding Options (whether or not then exercisable)
in cash or cash equivalents followed by the cancellation of such Options; in each case without
the Optionee’s consent.
	 
	9.4	 	Reservation of Rights. Except as provided in this Section 9, an Optionee or offeree shall
have no rights by reason of any subdivision or consolidation of shares of stock of any class,
the payment of any dividend or any other increase or decrease in the number of shares of stock
of any class. Any issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number or Exercise Price of Shares subject to an
Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or
power of the Company to make adjustments, reclassifications, reorganizations or changes of its
capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or
transfer all or any part of its business or assets.

-9-

 

OCZ Technology Group, Inc. 2004 Stock Incentive Plan

SECTION 10. REPURCHASE RIGHTS.

	10.1	 	Company’s Right To Repurchase Shares. The Company shall have the right to repurchase Shares
that have been acquired through an award or sale of Shares or exercise of an Option upon
termination of the Purchaser’s or Optionee’s Service if provided in the applicable Restricted
Share Agreement or Stock Option Agreement. Subject to the following restrictions, the Board
in its sole discretion shall determine when the right to repurchase shall lapse as to all or
any portion of the Shares, and may, in its discretion, provide for accelerated vesting in the
event of a Change in Control or other events. The following restrictions shall apply in the
case of a Purchaser or Optionee who is not a Consultant or an officer or director of the
Company, a Parent or Subsidiary:

	 	(a)	 	Repurchase Price. If the Company retains a right to repurchase the
Shares at not less than the Fair Market Value of the Shares on the date that the
Purchaser’s Service terminates, then such repurchase right shall terminate when the
Company’s Stock becomes publicly traded. If the Company retains a right to repurchase
the Shares at the original Purchase Price or Exercise Price, then such repurchase right
shall lapse at the minimum rate of twenty percent (20%) per year over the five (5) year
period starting on the date of the award or sale of Shares or grant of the Option.
	 
	 	(b)	 	Exercise of Repurchase Right. The Company’s right of repurchase under
this Section 10.1 may be exercised only within ninety (90) days of the date on which
the Purchaser’s or Optionee’s Service terminates or, if the Optionee acquired the
Shares upon exercise of an Option after the date of termination, within ninety (90)
days from the date of exercise.
	 
	 	(c)	 	Payment of Repurchase Price. The Company shall pay the repurchase
price in cash, cash equivalents or for cancellation of indebtedness incurred in
purchasing the Shares.

SECTION 11. WITHHOLDING TAXES.

	11.1	 	General. An Optionee or Purchaser or his or her successor shall pay, or make arrangements
satisfactory to the Board for the satisfaction of, any federal, state, local or foreign
withholding tax obligations that may arise in connection with the Plan. The Company shall not
be required to issue any Shares or make any cash payment under the Plan until such obligations
are satisfied.
	 
	11.2	 	Share Withholding. The Board may permit an Optionee or Purchaser to satisfy all or part of
his or her withholding or income tax obligations by having the Company withhold all or a
portion of any Shares that otherwise would be issued to him or her or by surrendering all or a
portion of any Shares that he or she previously acquired; provided, however, that in no event
may an Optionee or Purchaser surrender Shares in excess of the legally required withholding
amount. Such Shares shall be valued at their Fair Market
Value on the date when taxes otherwise would be withheld in cash. Any payment of 

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	 	taxes by assigning Shares to the Company may be subject to restrictions, including any
restrictions required by rules of any federal or state regulatory body or other authority.
	 
	11.3	 	Cashless Exercise/Pledge. The Board may provide that if Company Shares are publicly traded
at the time of exercise, arrangements may be made to meet the Optionee’s or Purchaser’s
withholding obligation by cashless exercise or pledge.
	 
	11.4	 	Other Forms of Payment. The Board may permit such other means of tax withholding as it
deems appropriate.

SECTION 12. SECURITIES LAW REQUIREMENTS.

	12.1	 	General. Shares shall not be issued under the Plan unless the issuance and delivery of such
Shares complies with (or is exempt from) all applicable requirements of law, including
(without limitation) the Securities Act, the rules and regulations promulgated thereunder,
state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be listed.
	 
	12.2	 	Voting and Dividend Rights. The holders of Shares acquired under the Plan shall have the
same voting, dividend and other rights as the Company’s other stockholders. A Restricted
Share Agreement, however, may require that the holders of Shares invest any cash dividends
received in additional Shares. Such additional Shares shall be subject to the same conditions
and restrictions as the award with respect to which the dividends were paid.
	 
	12.3	 	Financial Reports. At least annually, the Company shall furnish its financial statements,
including a balance sheet regarding the Company’s financial condition and results of
operations, to Optionees, Purchasers and stockholders who have received Shares under the Plan,
unless such persons are key employees whose duties at the Company assure them access to
equivalent information. Financial statements need not be audited.

SECTION 13. NO RETENTION RIGHTS.

     No provision of the Plan, or any right or Option granted under the Plan, shall be construed to
give any Optionee or Purchaser any right to become an Employee, to be treated as an Employee, or to
continue in Service for any period of time, or restrict in any way the rights of the Company (or
Parent or subsidiary to whom the Optionee or Purchaser provides Service), which rights are
expressly reserved, to terminate the Service of such person at any time and for any reason, with or
without cause, without thereby incurring any liability to him or her.

SECTION 14. DURATION AND AMENDMENTS.

	14.1	 	Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its
adoption by the Board, subject to the approval of the Company’s stockholders. In the
event that the stockholders fail to approve the Plan within twelve (12) months after its
adoption by the Board, any grants, exercises or sales that have already occurred under the

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OCZ Technology Group, Inc. 2004 Stock Incentive Plan

	 	 	Plan shall be rescinded, and no additional grants, exercises or sales shall be made under
the Plan after such date. The Plan shall terminate automatically ten (10) years after its
adoption by the Board. The Plan may be terminated on any earlier date pursuant to Section
14.2 below.
	 
	14.2	 	Right to Amend or Terminate the Plan. The Board may amend, suspend, or terminate the Plan
at any time and for any reason. An amendment of the Plan shall not be subject to the approval
of the Company’s stockholders unless it (i) increases the number of Shares available for
issuance under the Plan (except as provided in Section 9) or (ii) materially changes the class
of persons who are eligible for the grant of Options or the award or sale of Shares. At least
two-thirds (2/3) of the Company’s Shares entitled to vote must affirmatively approve an
increase in the number of Shares available for issuance if the total number of Shares that may
be issued upon the exercise of all outstanding Options and the total number of Shares provided
under any stock bonus or similar plan of the Company exceed thirty percent (30%) of all
outstanding Shares of the Company.
	 
	14.3	 	Effect of Amendment or Termination. No Shares shall be issued or sold under the Plan after
the termination thereof, except upon exercise of an Option granted prior to such termination.
The termination of the Plan, or any amendment thereof, shall not adversely affect any Shares
previously issued or any Option previously granted under the Plan without the holder’s
consent.

[remainder of page intentionally left blank.]

-12-

 

OCZ Technology Group, Inc. 2004 Stock Incentive Plan

SECTION 15. EXECUTION.

To record the adoption of the Plan by the Board on March 25, 2009, effective on such date,
the Company has caused its authorized officer to execute the same.

	 	 	 	 	 
	 	OCZ TECHNOLOGY GROUP, INC.

 	 
	 	By  	/s/ Kerry T. Smith
 	 
	 	 	Its Chief Financial Officer 	 
	 	 	 	 
	 

-13-exv10w2

Exhibit 10.2

EXECUTIVE EMPLOYMENT AGREEMENT

     This Executive Employment Agreement (“Agreement”) is made effective as of
April 4, 2006 (“Effective Date”), by and between OCZ Technology Group, Inc.
(“Company”) and Ryan Petersen (“Executive”).

     The parties agree as follows:

     1. Employment. Company hereby employs Executive, and
Executive hereby accepts such employment, upon the terms and conditions set
forth herein.

     2. Duties.

          2.1 Position. Executive is employed as CEO and shall have the
duties and responsibilities assigned by Company’s Board of Directors (“Board of
Directors”) both upon initial hire
and as may be reasonably assigned from time to time. Executive shall perform
faithfully and diligently
all duties assigned to Executive. Company reserves the right to modify
Executive’s position and duties at any time in its sole and absolute
discretion.

          2.2 Best Efforts/Full-time. Executive will expend Executive’s best
efforts on behalf
of Company, and will abide by all policies and decisions made by Company,
as well as all applicable
federal, state and local laws, regulations or ordinances. Executive will
act in the best interest of Company
at all times. Executive shall devote Executive’s full business time and
efforts to the performance of
Executive’s assigned duties for Company, unless Executive notifies the
Board of Directors in advance of
Executive’s intent to engage in other paid work and receives the Board of
Directors’ express written
consent to do so.

     3. Nature of Employment. Executive’s employment with the Company
is “at will.” This
means it is for no specified term and may be terminated by the Executive
or the Company at any time,
with or without cause or advance notice. In addition, the Company reserves
the right to modify
Executive’s compensation, position, duties or reporting relationship to
meet business needs and to decide
on appropriate discipline.

     4. Compensation.

          4.1 Base Salary. As compensation for Executive’s performance of
Executive’s
duties hereunder, Company shall pay to Executive an initial Base Salary of
$192,620.00 per year, payable in accordance with the normal payroll practices
of Company, less required deductions for state and federal withholding tax,
social security and all other employment taxes and payroll deductions. In the
event Executive’s employment under this Agreement is terminated by either
party, for any reason, Executive will earn the Base Salary prorated to the date
of termination.

          4.2 Incentive Compensation. Executive will be eligible to
earn incentive
compensation in accordance with the Company’s Executive Bonus Plan, the terms,
amount and payment of which shall be determined by Company in its sole and
absolute discretion.

          4.3 Stock Options. Subject to the Board of Directors’ approval,
Executive will be
granted an incentive stock option to purchase shares of Company’s Common
Stock under Company’s
2004 Stock Incentive Plan (the “Plan”) at an exercise price equal to the
fair market value of that stock on
the date of the grant (the “Option”). The Option will be subject to the
terms and conditions of the Plan

 

 

and the standard stock option agreement provided pursuant to the Plan, which
Executive will be required to sign as a condition of receiving the Option.

          4.4 Performance and Salary Review. The Board of
Directors will periodically review Executive’s performance on no less than
an annual basis. Adjustments to salary or other compensation, if any, will
be made by the Board of Directors in its sole and absolute discretion.

     5. Customary Fringe Benefits. Executive will be eligible for all
customary and usual fringe
benefits generally available to executives of Company subject to the terms
and conditions of Company’s
benefit plan documents. Company reserves the right to change or eliminate
the fringe benefits on a
prospective basis, at any time, effective upon notice to Executive.

     6. Business Expenses. Executive will be reimbursed for all
reasonable, out-of-pocket
business expenses incurred in the performance of Executive’s duties on
behalf of Company. To obtain
reimbursement, expenses must be submitted promptly with appropriate
supporting documentation in
accordance with Company’s policies.

     7. Termination of Executive’s Employment. In the event Executive’s
employment is
terminated, Executive shall be entitled to receive only the Base Salary
then in effect, prorated to the date
of termination, as well as any accrued but unearned vacation or PTO. All
other Company obligations to
Executive pursuant to this Agreement will become automatically terminated
and completely extinguished.

     8. No Conflict of Interest. During the term of Executive’s
employment with Company and
during any period Executive is receiving payments from Company pursuant to
this Agreement, Executive
must not engage in any work, paid or unpaid, that creates an actual
conflict of interest with Company.
Such work shall include, but is not limited to, directly or indirectly
competing with Company in any way,
or acting as an officer, director, employee, consultant, stockholder,
volunteer, lender, or agent of any
business enterprise of the same nature as, or which is in direct
competition with, the business in which
Company is now engaged or in which Company becomes engaged during the term
of Executive’s
employment with Company, as may be determined by the Board of Directors in
its sole discretion. If the
Board of Directors believes such a conflict exists during the term of this
Agreement, the Board of
Directors may ask Executive to choose to discontinue the other work or
resign employment with
Company. If the Board of Directors believes such a conflict exists during
any period in which Executive
is receiving payments pursuant to this Agreement, the Board of Directors
may ask Executive to choose to
discontinue the other work. In addition, Executive agrees not to refer any
client or potential client of
Company to competitors of Company, without obtaining Company’s prior written
consent, during the
term of Executive’s employment and during any period in which Executive is receiving
payments from
Company pursuant to this Agreement.

     9. Confidentiality and Proprietary Rights. Executive agrees to
read, sign and abide by
Company’s Employee Nondisclosure and Assignment Agreement, which is
provided with this Agreement
and incorporated herein by reference.

     10. Nonsolicitation. Executive understands and agrees that
Company’s employees and
customers and any information regarding Company employees and/or
customers is confidential and
constitutes trade secrets.

          10.1 Nonsolicitation of Customers or Prospects. Executive
agrees that during the term of this Agreement and for a period of one (1) year
after the termination of this Agreement, Executive will not, either directly or
indirectly, separately or in association with others, interfere with, impair,
disrupt or damage Company’s relationship with any of its customers or customer
prospects by soliciting or

-2-

 

encouraging others to solicit any of them for the purpose of diverting or
taking away business from Company.

          10.2 Nonsolicitation of Company’s Employees. Executive agrees that
during the term
of this Agreement and for a period of one (1) year after the termination
of this Agreement, Executive will
not, either directly or indirectly, separately or in association with
others, interfere with, impair, disrupt or
damage Company’s business by soliciting, encouraging or recruiting any of
Company’s employees or
causing others to solicit or encourage any of Company’s employees to
discontinue their employment with
Company.

     11. Injunctive Relief. Executive acknowledges that
Executive’s breach of the covenants contained in sections 8-10 (collectively
“Covenants”) would cause irreparable injury to Company and agrees that in the
event of any such breach, Company shall be entitled to seek temporary,
preliminary and permanent injunctive relief without the necessity of proving
actual damages or posting any bond or other security.

     12. Agreement to Arbitrate. To the fullest extent permitted by law,
Executive and Company agree to arbitrate any controversy, claim or dispute between them arising out of or in
any way related to
this Agreement, the employment relationship between Company and Executive and
any disputes upon termination of employment, including but not limited to
breach of contract, tort, discrimination, harassment, wrongful termination,
demotion, discipline, failure to accommodate, family and medical leave,
compensation or benefits claims, constitutional claims; and any claims for
violation of any local, state or federal law, statute, regulation or ordinance
or common law. Claims for workers’ compensation, unemployment insurance
benefits, breach of Company’s Employee Innovations and Proprietary Rights
Agreement and Company’s right to obtain injunctive relief pursuant to section
11 above are excluded. For the purpose of this agreement to arbitrate,
references to “Company” include all parent, subsidiary or related entities and
their employees, supervisors, officers, directors, agents, pension or benefit
plans, pension or benefit plan sponsors, fiduciaries, administrators,
affiliates and all successors and assigns of any of them, and this agreement
shall apply to them to the extent Executive’s claims arise out of or relate to
their actions on behalf of Company.

          12.1 Consideration. The mutual promise by Company and
Executive to arbitrate any and all disputes between them (except for those
referenced above) rather than litigate them before the courts or other bodies,
provides the consideration for this agreement to arbitrate.

          12.2 Initiation of Arbitration. Either party may exercise the right to
arbitrate by providing the other party with written notice of any and all claims forming the basis
of such right in sufficient detail to inform the other party of the substance of such claims. In
no event shall the request for arbitration be made after the date when
institution of legal or equitable proceedings based on such claims would be
barred by the applicable statute of limitations.

          12.3 Arbitration Procedure. The arbitration will be conducted in
Sunnyvale,
California by a single neutral arbitrator and in accordance with the then
current rules for resolution of
employment disputes of the American Arbitration Association (AAA)
(available on-line at www.adr.org).
The parties are entitled to representation by an attorney or other
representative of their choosing. The
arbitrator shall have the power to enter any award that could be entered
by a judge of the trial court of the
State of California, and only such power, and shall follow the law. The
parties agree to abide by and
perform any award rendered by the arbitrator. The arbitrator shall issue
the award in writing and therein
state the essential findings and conclusions on which the award is based.
Judgment on the award may be
entered in any court having jurisdiction thereof.

-3-

 

     13. General Provisions.

          13.1 Successors and Assigns. The rights and obligations of Company under this
Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of
Company. Executive shall not be entitled to assign any of Executive’s rights or obligations under
this Agreement.

          13.2 Waiver. Either party’s failure to enforce any provision of this Agreement
shall not in any way be construed as a waiver of any such provision, or prevent that party
thereafter from enforcing each and every other provision of this Agreement.

          13.3 Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute
unless a statutory section at issue, if any, authorizes the award of attorneys’ fees to the
prevailing party.

          13.4 Severability. In the event any provision of this Agreement is found to be
unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be
deemed
modified to the extent necessary to allow enforceability of the provision as so limited, it
being intended
that the parties shall receive the benefit contemplated herein to the fullest extent permitted
by law. If a
deemed modification is not satisfactory in the judgment of such arbitrator or court, the
unenforceable
provision shall be deemed deleted, and the validity and enforceability of the remaining
provisions shall
not be affected thereby.

          13.5 Interpretation; Construction. The headings set forth in this Agreement are for
convenience only and shall not be used in interpreting this Agreement. This Agreement has been
drafted
by legal counsel representing Company, but Executive has participated in the negotiation of
its terms.
Furthermore, Executive acknowledges that Executive has had an opportunity to review and revise
the
Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule
of
construction to the effect that any ambiguities are to be resolved against the drafting party
shall not be
employed in the interpretation of this Agreement.

          13.6 Governing Law. This Agreement will be governed by and construed in
accordance with the laws of the United States and the State of California. Each party consents
to the
jurisdiction and venue of the state or federal courts in Sunnyvale, California, if applicable,
in any action,
suit, or proceeding arising out of or relating to this Agreement.

          13.7 Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be delivered as follows with notice deemed given as indicated: (a) by personal
delivery when
delivered personally; (b) by overnight courier upon written verification of receipt; (c) by
telecopy or
facsimile transmission upon acknowledgment of receipt of electronic transmission; or (d) by
certified or
registered mail, return receipt requested, upon verification of receipt. Notice shall be sent
to the addresses
set forth below, or such other address as either party may specify in writing.

          13.8 Survival. Sections 8 (“No Conflict of Interest”), 9 (“Confidentiality and
Proprietary Rights”), 10 (“Nonsolicitation”), 11 (“Injunctive Relief”), 12 (“Arbitration”), 13
(“General
Provisions”) and 14 (“Entire Agreement”) of this Agreement shall survive Executive’s
employment by
Company.

     14. Entire Agreement. This Agreement, including the Company Employee Nondisclosure
and Assignment Agreement incorporated herein by reference and Company’s 2004 Stock Incentive
Plan
and related option documents described in subsection 4.3 of this Agreement, constitutes the
entire
agreement between the parties relating to this subject matter and supersedes all prior or
simultaneous
representations, discussions, negotiations, and agreements, whether written or oral. This
Agreement may

-4-

 

be amended or modified only with the written consent of Executive and the
Board of Directors of Company. No oral waiver, amendment or modification will
be effective under any circumstances whatsoever.

[Remainder of page intentionally left blank.]

-5-

 

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY
UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES
HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW.

	 	 	 	 	 
	 	RYAN PETERSEN

 	 
	Dated:                                          	
 	 
	 	 	 
	 	 	 
	 
	 	OCZ TECHNOLOGY GROUP, INC.

 	 
	Dated:                                          	By: 	 /s/ Arthur Knapp
 	 
	 	 	Its: CFO 	 
	 	 	 

-6-

 

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY
UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES
HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW.

	 	 	 	 	 
	 	RYAN PETERSEN

 	 
	Dated:                                          	/s/
Ryan Peterson
 	 
	 	 	 
	 	 	 
	 
	 	OCZ TECHNOLOGY GROUP, INC.

 	 
	Dated:                                          	By: 	
 	 
	 	 	Its:  
	 
	 	 	 

-6-

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