Document:

EX-10.1

 Exhibit 10.1 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement is dated as of [•] (this “Agreement”) and is between Smart Global Holdings, Inc., a
Cayman Islands exempted company (the “Company”), and [director/officer] (“Indemnitee”). 
 WHEREAS,
Indemnitee is a director and/or officer of the Company and/or certain subsidiaries of the Company (the “Subsidiaries”) may also serve as a director, executive officer, employee, consultant, fiduciary or agent (collectively, the
“Indemnifiable Positions”) of other exempted companies, corporations, limited liability companies, partnerships, joint ventures, trusts, employee benefit plans or other enterprises controlled by the Company (together with the
Subsidiaries, collectively, the “Controlled Entities”); 
 WHEREAS, in order to induce Indemnitee to continue to serve as a
director and/or executive officer of the Company and/or in other Indemnifiable Positions of the Controlled Entities, the Company wishes to provide for the indemnification of, and the advancement of Expenses (as defined herein) to, Indemnitee to the
maximum extent permitted by law; 
 WHEREAS, the articles of association of the Company and the Subsidiaries (the
“Articles”) provide for the indemnification of the Company’s and the Subsidiaries directors and officers under certain circumstances and subject to certain limitations; and 

WHEREAS, the Company and Indemnitee desire to enter into this Agreement to set forth their agreement regarding indemnification and the
advancement of Expenses. 
 NOW, THEREFORE, in consideration of Indemnitee’s service or continued service to the Company and/or the
Controlled Entities and the covenants and agreements set forth below, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows. 
 Section 1. Indemnification. 

To the fullest extent permitted by applicable law: 

(a) The Company shall indemnify Indemnitee if Indemnitee was or is made or is threatened to be made a party to, or is otherwise involved in, as
a witness or otherwise, any threatened, pending or completed Action, Suit or Proceeding (brought in the right of the Company, the Subsidiaries or otherwise), whether civil, criminal, administrative or investigative and whether formal or informal,
including appeals. 
 (b) The indemnification provided by this Section 1 shall be from and against all loss and
liability suffered and Expenses (including attorneys’ fees), Judgments, Fines and Amounts Paid in Settlement actually and reasonably incurred by or on behalf of Indemnitee in connection with such Action, Suit or Proceeding, including any
appeals. 

 Section 2. Payment of Expenses. To the fullest extent
permitted by applicable law, Expenses (including attorneys’ fees) incurred by Indemnitee in appearing at, participating in or defending any Action, Suit or Proceeding or in connection with an enforcement action as contemplated by Section
3(d), shall be paid by the Company in advance of the final disposition of such Action, Suit or Proceeding or such enforcement action within 15 days after receipt by the Company of a statement or statements from Indemnitee requesting such advance
or advances from time to time. The Indemnitee hereby undertakes to repay any amounts advanced (without interest) to the extent that it is ultimately determined that Indemnitee is not entitled under this Agreement to be indemnified by the Company in
respect of such Action, Suit or Proceeding or such enforcement action as contemplated by Section 3(d). No other form of undertaking shall be required of Indemnitee other than the execution of this Agreement. This
Section 2 shall be subject to Section 3(b) and shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 6(a). 

Section 3. Procedure for Indemnification; Notification and Defense of Claim. 

(a) Promptly after receipt by Indemnitee of actual notice of the commencement of any Action, Suit or Proceeding, Indemnitee shall, if a claim
in respect thereof is to be made or could be made against the Company hereunder, notify the Company in writing of the commencement thereof. The failure to promptly notify the Company of the commencement of the Action, Suit or Proceeding, or of
Indemnitee’s request for indemnification, will not relieve the Company from any liability that it may have to Indemnitee hereunder, except to the extent the Company is actually and materially prejudiced (through the forfeiture of substantive
rights or defenses) in its defense of such Action, Suit or Proceeding as a result of such failure. To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request therefor including such documentation and
information as is reasonably available to Indemnitee and, to the extent available, such documentation and information as is reasonably necessary to enable the Company to determine whether and to what extent Indemnitee is entitled to indemnification.
In addition, Indemnitee shall reasonably cooperate with the Company and shall give the Company such additional information as the Company may reasonably require. 

(b) With respect to any Action, Suit or Proceeding of which the Company is so notified as provided in this Agreement, the Company shall,
subject to the last two sentences of this paragraph and subject to the Company’s prior determination pursuant to Section 3(c) to grant Indemnitee’s indemnification request with respect to such Action, Suit or Proceeding, be entitled
to assume the defense of such Action, Suit or Proceeding, with counsel reasonably acceptable to Indemnitee (which acceptance shall not be unreasonably withheld or delayed), upon the delivery to Indemnitee of written notice of its election to do so.
After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any subsequently-incurred fees of separate counsel engaged
by or on behalf of Indemnitee with respect to the same Action, Suit or Proceeding unless the Company does not continue to retain such counsel to defend such Action, Suit or Proceeding. Notwithstanding the foregoing, if Indemnitee, based on the
advice of his or her counsel, shall have reasonably concluded that, in the conduct of any such defense, there is or is reasonably likely to be a conflict of interest or position between the Company and Indemnitee with respect to a significant issue,
then the Company will not be entitled, without the written consent of Indemnitee, to assume such defense. In addition, the Company will not be entitled, without the written consent of Indemnitee, to assume the defense of any claim brought by or in
the right of the Company or any of the Subsidiaries. 

  
 2 

 (c) The determination whether to grant Indemnitee’s indemnification request shall be made
promptly and in any event within 30 days following the Company’s receipt of a request for indemnification in accordance with Section 3(a) (the “Indemnity Review Period”). If the Company’s determination of whether to
grant Indemnitee’s indemnification request shall not have been made within the Indemnity Review Period, the requisite determination of entitlement to indemnification shall, subject to Section 6, nonetheless be deemed
to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading,
in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. If the Company determines that Indemnitee is entitled to such indemnification within the Indemnity Review Period, the
Company will make payments to Indemnitee of any indemnifiable amounts pursuant to Section 1, in each case within 30 days following any payment request from Indemnitee (for any such payment request, the applicable
“Payment Request Period”). 
 (d) In the event that (i) the Company determines in accordance with this
Section 3 that Indemnitee is not entitled to indemnification under this Agreement, (ii) the Company denies a request for indemnification, in whole or in part, or fails to respond or make a determination of entitlement
to indemnification within the Indemnity Review Period, (iii) payment of any indemnifiable amounts pursuant to Section 1 is not made by the Company within the applicable Payment Request Period, (iv) advancement of
Expenses is not timely made in accordance with Section 2, or (v) the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or
other action or proceeding designed to deny, or to recover from, the Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication in any court of competent jurisdiction of his
or her entitlement to such indemnification or advancement of Expenses. To the extent not already advanced pursuant to Section 2, Indemnitee’s Expenses (including attorneys’ fees) incurred in connection with
successfully establishing Indemnitee’s right to indemnification or advancement of Expenses, in whole or in part, in any such proceeding or otherwise shall also be indemnified by the Company; provided that to the extent Indemnitee is
successful in part and unsuccessful in part in establishing Indemnitee’s right to indemnification or advancement of Expenses hereunder, Indemnitee shall be entitled to partial indemnification of Expenses in accordance with
Section 20. 
 (e) Indemnitee shall be presumed to be entitled to indemnification and advancement of Expenses under
this Agreement upon submission of a request therefor in accordance with Section 2 or Section 3 of this Agreement, as the case may be. The Company shall have the burden of proof in overcoming such
presumption, and such presumption shall be used as a basis for a determination of entitlement to indemnification and advancement of Expenses unless the Company overcomes such presumption by clear and convincing evidence. Neither the failure of the
Company to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by
the Company that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 

  
 3 

 Section 4. Insurance and Subrogation. 

(a) To the extent the Company or any of the Subsidiaries maintain a policy or policies of insurance providing directors’ and
officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage provided to any other director or officer of the Company. If, at the time the
Company receives from Indemnitee any notice of the commencement of an Action, Suit or Proceeding, the Company has such insurance in effect which would reasonably be expected to cover such Action, Suit or Proceeding, the Company shall give prompt
notice of the commencement of such Action, Suit or Proceeding to the insurers in accordance with the procedures set forth in such policy or policies. The Company shall thereafter take all necessary or reasonably desirable action to cause such
insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Action, Suit or Proceeding in accordance with the terms of such policy or policies. 

(b) In the event of any payment by the Company under this Agreement, the Company shall be subrogated to the extent of such payment to all of
the rights of recovery of Indemnitee with respect to any insurance policy. Indemnitee shall execute all papers reasonably required and take all action reasonably necessary to secure such rights, including execution of such documents as are necessary
to enable the Company to effectively bring suit to enforce such rights in accordance with the terms of such insurance policy. The Company shall pay or reimburse all Expenses incurred by Indemnitee in connection with such subrogation. 

(c) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder (including, but not
limited to, Judgments, Fines and Amounts Paid in Settlement, and ERISA excise taxes or penalties) if and to the extent that Indemnitee has otherwise actually received such payment under this Agreement or any insurance policy, contract, agreement or
otherwise. 
 Section 5. Certain Definitions. For purposes of this Agreement, the following definitions shall apply:

 (a) The term “Action, Suit or Proceeding” shall be broadly construed and shall include, without limitation, the
investigation, preparation, prosecution, defense, settlement, arbitration and appeal of, and the giving of testimony in, any threatened, pending or completed claim, action, suit, arbitration, investigation, inquiry, alternative dispute mechanism or
proceeding, whether civil (including intentional and unintentional tort claims), criminal, administrative or investigative, in each case, by reason of the service of Indemnitee as a director and/or officer of the Company and/or in other
Indemnifiable Positions of the Controlled Entities, or by reason of any action alleged to have been taken or omitted in any such capacity, and whether pursuant to any alleged breach of any fiduciary duty owed by, or failure to meet any standard of
care applicable to, any such Indemnitee in respect of the Company or any Controlled Entity, or otherwise. 

  
 4 

 (b) The term “Expenses” shall include all out-of-pocket costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements), in each case, actually and reasonably incurred by or on behalf of
Indemnitee in connection with either the investigation, defense or appeal of an Action, Suit or Proceeding or establishing or enforcing a right to indemnification under this Agreement or otherwise incurred in connection with a claim that is
indemnifiable hereunder. 
 (c) The term “Judgments, Fines and Amounts Paid in Settlement” shall be broadly construed and
shall mean any direct or indirect payments of any type or nature whatsoever owing or paid in connection with an Action, Suit or Proceeding, including without limitation, all judgments, awards, fines, penalties and amounts in settlement, as well as
any penalties or excise taxes assessed on a person with respect to an employee benefit plan. 
 Section 6.
Limitation on Indemnification. Notwithstanding any other provision herein to the contrary, the Company shall not be obligated pursuant to this Agreement: 

(a) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to any threatened, pending or completed
claim, action, suit, arbitration, investigation, inquiry, alternative dispute mechanism or proceeding, whether civil (including intentional and unintentional tort claims), criminal, administrative or investigative, however denominated, initiated or
brought voluntarily by Indemnitee whether by way of defense, counterclaim or cross claim or otherwise, other than (i) an action brought to establish or enforce a right to indemnification or advancement of Expenses under this Agreement (which
shall be governed by the provisions of Section 6(b) of this Agreement) or (ii) a claim, action, suit, arbitration, investigation, inquiry, alternative dispute mechanism or proceeding that was authorized or consented to by the Board of
Directors of the Company, it being understood and agreed that such authorization or consent shall not be unreasonably withheld in connection with any compulsory counterclaim brought by Indemnitee in response to an Action, Suit or Proceeding
otherwise indemnifiable under this Agreement. 
 (b) Action for Indemnification. To indemnify Indemnitee for any Expenses incurred by
Indemnitee with respect to an action instituted by Indemnitee to enforce or interpret this Agreement if Indemnitee is not successful in such enforcement action in establishing Indemnitee’s right, in whole or in part, to indemnification or
advancement of Expenses hereunder; provided that to the extent Indemnitee is successful in part and unsuccessful in part in establishing Indemnitee’s right to indemnification or advancement of Expenses hereunder, Indemnitee shall be
entitled to partial indemnification of Expenses in accordance with Section 20. 
 (c) Section 16(b) Matters.
To indemnify Indemnitee on account of any Action, Suit or Proceeding in which judgment is rendered against Indemnitee for disgorgement of profits made from the purchase or sale by Indemnitee of securities of the Company or any of the Subsidiaries
pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended (excluding any purchase or sale deemed to be made in connection with any merger, consolidation, reorganization or other transaction undertaken by the
Company or any of the Subsidiaries). 

  
 5 

 (d) Fraud or Willful Misconduct. To indemnify Indemnitee on account of conduct by
Indemnitee where such conduct has been determined to have been knowingly fraudulent or constitute willful misconduct by a final (not interlocutory) judgment or other adjudication of a court or arbitration or administrative body of competent
jurisdiction as to which there is no further right or option of appeal or the time within which an appeal must be filed has expired without such filing. For the avoidance of doubt, each of the Company and Indemnitee acknowledge and agree that any
actions or omissions by Indemnitee with respect to any of the matters described in (i) Section 6.2 of that certain Management Investors Shareholders Agreement, dated August 26, 2011, by and among the Company and the investors
signatory thereto, (ii) Section 5.2 of that Certain Employee Investors Shareholders Agreement, dated August 26, 2011, by and among the Company and the investors signatory thereto, and (iii) Section 5.2 of that certain
Sponsor Shareholders Agreement, dated August 26, 2011, by and among the Company and the investors signatory thereto, shall, in each case, not be considered willful misconduct for purposes of this Agreement. 

(e) Prohibited by Law. To indemnify Indemnitee in any circumstance where such indemnification has been determined to be prohibited by
law by a final (not interlocutory) judgment or other adjudication of a court or arbitration or administrative body of competent jurisdiction as to which there is no further right or option of appeal or the time within which an appeal must be filed
has expired without such filing. 
 (f) Unauthorized Settlement. To indemnify Indemnitee for any amounts paid in settlement of any
Action, Suit or Proceeding without the Company’s prior written consent; provided that the Company will not unreasonably withhold or delay its consent to any proposed settlement. 

Section 7. Certain Settlement Provisions. The Company shall be permitted to settle any Action, Suit or
Proceeding, except that it shall not settle any Action, Suit or Proceeding in any manner that would impose any penalty (unless the only penalty imposed is a monetary payment that will be paid in full by the Company (or its insurers)) or limitations
or constitute any admission of wrongdoing or which may compromise, or may adversely affect, the defense of the Indemnitee in any other Action, Suit or Proceeding, whether civil or criminal, without Indemnitee’s prior written consent. Indemnitee
will not unreasonably withhold or delay his or, her consent to any proposed settlement. 
 Section 8.
Savings Clause. If any provision or provisions (or portion thereof) of this Agreement shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee if Indemnitee
was or is made or is threatened to be made a party or is otherwise involved in any threatened, pending or completed Action, Suit or Proceeding (brought in the right of the Company or otherwise), whether civil, criminal, administrative or
investigative and whether formal or informal, including appeals, from and against all loss and liability suffered and Expenses (including attorneys’ fees), Judgments, Fines and Amounts Paid in Settlement actually and reasonably incurred by or
on behalf of Indemnitee in connection with such Action, Suit or Proceeding, including any appeals, to the fullest extent permitted by any applicable portion of this Agreement that shall not have been invalidated. 

  
 6 

 Section 9. Contribution. In order to provide for just and
equitable contribution in circumstances in which the indemnification provided for herein is held by a court of competent jurisdiction to be unavailable to Indemnitee in whole or in part, it is agreed that, in such event, the Company shall, to the
fullest extent permitted by law, contribute to the payment of all of Indemnitee’s loss and liability suffered and Expenses (including attorneys’ fees), Judgments, Fines and Amounts Paid in Settlement actually and reasonably incurred by or
on behalf of Indemnitee in connection with any Action, Suit or Proceeding, including any appeals, in an amount that is just and equitable in the circumstances; provided, that, without limiting the generality of the foregoing, such
contribution shall not be required where such holding by the court is due to any limitation on indemnification set forth in Section 4(c) or 6 hereof. 

Section 10. Form and Delivery of Communications. All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand, upon receipt by the party to whom said notice or other communication shall have been directed, (b) mailed by
certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier, one day after deposit with such courier and with written verification of receipt or
(d) sent by email or facsimile transmission, with receipt of oral confirmation that such transmission has been received. Addresses for notice to either party are shown on the signature page of this Agreement, or as subsequently modified by
written notice. 
 Section 11. Nonexclusivity. The provisions for indemnification and advancement of
Expenses set forth in this Agreement shall not be deemed exclusive of any other rights which Indemnitee may have under any provision of law, in any court in which a proceeding is brought, other agreements or otherwise, and Indemnitee’s rights
hereunder shall inure to the benefit of the heirs, executors and administrators of Indemnitee. No amendment or alteration of the Articles or the Company’s memorandum of association or any other agreement shall adversely affect the rights
provided to Indemnitee under this Agreement. 
 Section 12. No Construction as Employment Agreement;
Duration of Agreement. Nothing contained herein shall be construed as giving Indemnitee any right to be retained as a director and/or officer of the Company or in other Indemnifiable Positions of the Controlled Entities or in the employ of
the Company or any of the Controlled Entities. For the avoidance of doubt, the indemnification and advancement of Expenses provided under this Agreement shall continue as to the Indemnitee even though he may have ceased to be a director and/or
officer of the Company and/or in other Indemnifiable Positions of the Controlled Entities. 
 Section 13.
Interpretation of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by
applicable law notwithstanding that such indemnification may not be specifically authorized by the Articles or the Company’s memorandum of association, or by statute as of the date hereof. In the event of any change after the date of this
Agreement in any applicable law, statute or rule which expands the right of a Cayman Islands exempted company to indemnify a member of its board of directors or an officer, employee, consultant, fiduciary or agent, it is the intent of the parties
hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in any applicable law, statute or rule which narrows the right of a Cayman

  
 7 

 
Islands exempted company to indemnify a member of its board of directors or an officer, employee, consultant, fiduciary or agent, such change, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder. 

Section 14. Entire Agreement. Without limiting any of the rights of Indemnitee under the Articles
and/or the Company’s memorandum of association, this Agreement and the documents expressly referred to herein constitute the entire agreement between the parties hereto with respect to the matters covered hereby, and any other prior or
contemporaneous oral or written understandings or agreements with respect to the matters covered hereby are expressly superseded by this Agreement. 

Section 15. Modification and Waiver. No supplement, modification, waiver or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall
such waiver constitute a continuing waiver. For the avoidance of doubt, this Agreement may not be terminated by the Company without Indemnitee’s prior written consent. 

Section 16. Successor and Assigns. All of the terms and provisions of this Agreement shall be binding
upon, shall inure to the benefit of and shall be enforceable by the parties hereto and their respective successors, assigns, spouses, heirs, executors, administrators and legal representatives. The Company shall require and cause any direct or
indirect successor (whether by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by written agreement in form and substance reasonably satisfactory to Indemnitee, expressly to assume
and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

Section 17. Governing Law. This Agreement and all claims or causes of action (whether in tort,
contract or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any
representation or warranty made in or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the Cayman Islands, regardless of the laws that might otherwise govern under applicable principles of
conflicts of laws. 
 Section 18. Submission to Jurisdiction; WAIVER OF JURY TRIAL. 

(a) Each the parties hereto hereby irrevocably acknowledges and consents that any legal action or proceeding brought with respect to this
Agreement or any of the obligations arising under or relating to this Agreement may be brought in the Grand Court of the Cayman Islands (the “Chosen Court”), and each of the parties hereto hereby irrevocably submits to and accepts
with regard to any such action or proceeding, for itself and in respect of its property, generally and unconditionally, the jurisdiction of the Chosen Court. Each party hereby further irrevocably waives any claim that the Chosen Court lacks
jurisdiction over such party, and agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement or the transactions contemplated hereby brought in the Chosen Court, that the Chosen Court lacks jurisdiction over such
party. 

  
 8 

 (b) Each party irrevocably consents to the service of process in any legal action or proceeding
brought with respect to this Agreement or any of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party, at its address for notices as provided in
Section 10 of this Agreement, such service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees
not to plead or claim in any action or proceeding commenced hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective. Subject to Section 18(c), the foregoing shall not limit the
rights of any party to serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service of process in the Cayman Islands for any purpose except as provided above
and shall not be deemed to confer rights on any Person other than the respective parties to this Agreement. 
 (c) Each of the parties hereto
hereby waives any right it may have under the laws of any jurisdiction to commence by publication any legal action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest extent
permitted by applicable law, each of the parties hereto hereby irrevocably waives the objection which it may now or hereafter have to the laying of the venue of any suit, action or proceeding with respect to this Agreement or any of the obligations
arising under or relating to this Agreement in the Chosen Court, and hereby further irrevocably waives and agrees not to plead or claim that any the Chosen Court is not a convenient forum for any such suit, action or proceeding, as applicable. 

(d) The parties hereto agree that any judgment obtained by any party hereto or its successors or assigns in any action, suit or proceeding
referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law. 

(e) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT
TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 18(e). 

  
 9 

 Section 19. Injunctive Relief. The parties hereto agree
that each party hereto may enforce this Agreement by seeking specific performance hereof, without any necessity of showing irreparable harm or posting a bond, which requirements are hereby waived, and that by seeking specific performance, Indemnitee
shall not be precluded from seeking or obtaining any other relief to which he or she may be entitled. 
 Section 20.
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of loss and liability suffered and Expenses (including attorneys’ fees),
Judgments, Fines and Amounts Paid in Settlement actually and reasonably incurred by or on behalf of Indemnitee in connection with an Action, Suit or Proceeding, including any appeals, but not, however, for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion of such amounts otherwise payable hereunder. 
 Section 21.
Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in certain instances, federal law or applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, consultants,
fiduciaries or agents under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company may be required to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s
right, under public policy, to indemnify Indemnitee. 
 Section 22. Counterparts. This Agreement may
be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument, notwithstanding that both parties are not signatories to the original or same
counterpart. 
 Section 23. Headings. The section and subsection headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 [Signature Page
Follows] 

  
 10 

 This Indemnification Agreement has been duly executed and delivered as a deed to be effective as
of the date stated above. 
 COMPANY: 
  

									
	 SMART GLOBAL HOLDINGS, INC.
	  		  	 In the presence of:

					
	 By:
	 	  
	  		  	  
	  	
		 	 Name:
	  		  	 Signature of Witness
	  	
		 	 Title:
	  		  	 Name of Witness:
	  	
		 	 Address:
	  		  		  	
		 	 Fax No.:
	  		  		  	
			
	 INDEMNITEE:
	  		  	
			
		  		  	 In the presence of:

					
		 	  
	  		  	  
	  	
		 	 Name:
	  		  	 Signature of Witness
	  	
		 	 Address:
	  		  	 Name of Witness:
	  	
		 	 Fax No.:
	  		  		  	

 [Form Indemnification Agreement]EX-10.2

 Exhibit 10.2 

SMART Global Holdings, Inc. 

Amended and Restated 

2011 Share Incentive Plan 

(As Amended and Restated as of August 19, 2014) 

(formerly known as the Saleen Holdings, Inc. 2011 Share Incentive Plan (As Amended and Restated as of August 26, 2011)) 

(formerly known as the SMART Modular Technologies (WWH), Inc. Stock Incentive Plan) 

Section 1. Purpose. The purposes of the SMART Global Holdings, Inc. Amended and Restated 2011 Share Incentive Plan (As Amended and Restated as of
August 19, 2014) (which was formerly known as the Saleen Holdings, Inc. 2011 Share Incentive Plan (As Amended and Restated as of August 26, 2011), which was formerly known as the SMART Modular Technologies (WWH), Inc. Stock Incentive Plan)
(the “Plan”) are to promote the interests of SMART Global Holdings, Inc., an exempted company organized under the laws of the Cayman Islands (together with its successors and assigns, the “Company”) and its
shareholders by (i) attracting and retaining exceptional executive personnel, employees, directors, and consultants of the Company and its Affiliates (as defined below); (ii) motivating employees, consultants and directors by means of
performance related incentives to achieve longer range performance goals; and (iii) enabling employees, consultants and directors to participate in the long term growth and financial success of the Company. 

Section 2. Definitions. As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Affiliate” means with respect to any Person, (i) any other Person directly or indirectly controlling, controlled by
or under common control with such Person and any entity that is, directly or indirectly, controlled by the Company and (ii) any other entity in which such Person has a significant equity interest or which has a significant equity interest in
such Person, in either case as determined by the Committee. For purposes of this definition, the terms “control” (including with correlative meanings, the terms “controlling”, “controlled by” and “under common
control with”) when used with respect to any Person, means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities,
by contract or otherwise. Notwithstanding the foregoing, for purposes of any Incentive Share Option, “Affiliate” shall mean any parent corporation or subsidiary corporation of the Company as those terms are defined in Sections 424(e) and
(f), respectively, of the Code. 
 (b) “Award” means any Option or other share-based award granted hereunder. 

(c) “Award Agreement” means any written agreement, contract, or other instrument or document evidencing any Award, which may,
but need not, be executed or acknowledged by a Participant. 
 (d) “Board” means the Board of Directors of the Company. 

  
 Page 1 of 27 

 (e) “Cause” means, unless otherwise defined in any Employment Agreement or Award
Agreement: 
  

	 	(i)	a Participant’s willful and continued failure substantially to perform his or her duties (other than as a result of total or partial incapacity due to physical or mental illness); 

 

	 	(ii)	a Participant’s gross negligence or willful malfeasance in the performance of his or her duties; 

  

	 	(iii)	a Participant’s commission of an act constituting fraud, embezzlement, or any other act constituting a felony or other similar offense under the laws of the United States, the Cayman Islands or any other
jurisdiction in which the Company conducts business; 

  

	 	(iv)	a Participant being repeatedly under the influence of alcohol or illegal drugs while performing his or her duties; or 

  

	 	(v)	any other act or omission which is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates as determined in the reasonable discretion of the Company, including a
Participant’s breach of the provisions of any non-solicitation, non-competition, trade secret or confidentiality covenant in favor of the Company or its Affiliates
binding upon such Participant. 

 The existence or non-existence of Cause with respect
to any Participant will be determined in good faith by the Board. 
 (f) “Change in Control” means the occurrence, in a
single transaction or in a series of related transactions, of any one or more of the following events: 
  

	 	(i)	the sale or disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any “person” or “group” (as
such terms are used for purposes of Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than to the Silver Lake Investors or any of their respective Affiliates; or 

 

	 	(ii)	any person or group, other than any of the Silver Lake Investors or any of their respective Affiliates, is or becomes the Beneficial Owner, directly or indirectly, of more than fifty percent (50%) of the total voting
power of the outstanding voting shares of the Company, including by way of merger, amalgamation or consolidation or otherwise. 

(g) “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

  
 Page 2 of 27 

 (h) “Committee” means a committee of one or more members of the Board and/or
officers designated by the Board to administer the Plan. Until otherwise determined by the Board, the full Board shall be the Committee under the Plan. 

(i) “Consultant” means any natural person, including an advisor, engaged by the Company or an Affiliate to render consulting
or advisory services and who is compensated for such services. 
 (j) “Director” means a member of the Board. 

(k) “Disability” shall mean “permanent and total disability” as defined in Section 22(e)(3) of the Code. 

(l) “Employee” means an employee of the Company or any of its Affiliates. 

(m) “Employment Agreement” means an employment or severance and change of control agreement or other similar agreement entered
into between a Participant and the Company or any of its Affiliates. 
 (n) “Exchange Act” means the Securities Exchange Act
of 1934, as amended. 
 (o) “Exercise Price” means the purchase price of the Option as set forth in the Award Agreement.

 (p) “Fair Market Value” means, as of any date, the value of a Share determined as follows: (i) if there should be a
public market for the Shares on such date, the closing price of the Shares as reported on such date on the composite tape of the principal national securities exchange on which such Shares are listed or admitted to trading, or if the Shares are not
listed or admitted on any national securities exchange, the arithmetic mean of the per Share closing bid price and per Share closing asked price on such date as quoted on the National Association of Securities Dealers Automated Quotation System (or
such market in which such prices are regularly quoted) (“NASDAQ”), or, if no sale of Shares shall have been reported on the Composite Tape of any national securities exchange or quoted on the NASDAQ on such date, then the
immediately preceding date on which sales of the Shares have been so reported or quoted shall be used, and (ii) if there should not be a public market for the Shares on such date, then Fair Market Value shall be the price determined in good
faith by the Board (or a committee thereof). Notwithstanding anything to the contrary herein, the “Fair Market Value” of the Shares shall at all times be determined in a manner intended to be consistent with Section 409A of the Code (and
the regulations and guidance promulgated thereunder), as may be amended from time to time, and the same method shall be used by the Company for determining all applicable income tax consequences resulting from the exercise of an Option. 

(q) “Incentive Share Option” means a right to purchase Shares from the Company that is granted under Section 6 of the
Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

  
 Page 3 of 27 

 (r) “Non-Qualified Share Option” means a
right to purchase Shares from the Company that is granted under Section 6 of the Plan and that is not intended to be an Incentive Share Option. 

(s) “Option” means an Incentive Share Option or a Non-Qualified Share Option. 

(t) “Participant” means a Person granted an Award under the Plan (and to the extent applicable, any heirs or legal
representatives thereof). 
 (u) “Person” means any individual, corporation, limited liability company, partnership,
association, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other entity. 
 (v)
“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule
16b-3, as in effect from time to time. 
 (w) “SEC” means the Securities and
Exchange Commission or any successor thereto. 
 (x) “Securities Act” means the Securities Act of 1933, as amended. 

(y) “Shares” means the ordinary shares, of US$0.01 par value, in the authorized capital of the Company or such other
securities as may be designated by the Committee from time to time. 
 (z) “Silver Lake Investors” means, collectively,
(i) Silver Lake Partners III Cayman (AIV III), L.P., a Cayman Islands exempted limited partnership, Silver Lake Technology Investors III Cayman, L.P., a Cayman Islands exempted partnership and any of their respective Affiliates, designated
transferees or successors that hold Shares, and (ii) Silver Lake Sumeru Fund Cayman, L.P., a Cayman Islands exempted limited partnership, Silver Lake Technology Investors Sumeru Cayman, L.P., a Cayman Islands exempted partnership and any of
their respective Affiliates, designated transferees or successors that hold Shares. 
 (aa) “Substitute Awards” means Awards
granted in assumption of, or in substitution for, outstanding awards previously granted by a company acquired by the Company or with which the Company combines. 

Section 3. Administration. 
 (a)
Authority of Committee. The Plan shall be administered by the Committee. Subject to the terms of the Plan, applicable law and contractual restrictions affecting the Company, and in addition to other express powers and authorizations conferred
on the Committee by the Plan, the Committee shall have full power and authority to: 
  

	 	(i)	designate Participants; 

  

	 	(ii)	determine the type or types of Awards to be granted to a Participant and the exercise price or purchase price, if applicable; 

  
 Page 4 of 27 

	 	(iii)	determine the number of Shares to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; 

 

	 	(iv)	determine the terms and conditions (including the vesting schedule, if any) of any Award and Award Agreement; 

  

	 	(v)	determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method
or methods by which Awards may be settled, exercised, canceled, forfeited or suspended; 

  

	 	(vi)	determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property, and other amounts payable with respect to an Award shall be deferred either automatically or
at the election of the holder thereof or of the Committee; 

  

	 	(vii)	interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; 

  

	 	(viii)	establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and 

 

	 	(ix)	make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

(b) Committee Composition. If the Board in its discretion deems it advisable, the Board may provide that the Committee may consist
solely of two or more “Outside Directors” as defined in the regulations under Section 162(m) of the Code and/or solely of two or more “Non-Employee Directors” as defined in Rule 16b-3. 
 (c) Committee Discretion Binding. Unless otherwise expressly provided in the
Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive and binding upon
all Persons, including the Company, any of its Affiliates, any Participant, any holder or beneficiary of any Award, any shareholder and any Employee. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the
Plan in the manner and to the extent the Committee deems necessary or desirable. 
 Section 4. Shares Available For Awards. 

(a) Shares Available. Subject to adjustment as provided in this Section, the number of Shares with respect to which Awards may be
granted under the Plan shall be 24,297,659 including shares issued or reserved since the initial adoption of the Plan. Such Shares may consist, in whole or in part, of authorized and unissued shares. If, after the effective date of the

  
 Page 5 of 27 

 
Plan, any Shares covered by an Award granted under the Plan (including any Substitute Award) or to which such an Award relates are forfeited, or if such an Award is settled for cash or otherwise
terminates or is canceled without the delivery of Shares, then the Shares covered by such Award, or to which such Award relates, shall again become Shares with respect to which Awards may be granted. In addition, Shares tendered in satisfaction or
partial satisfaction of the exercise price of any Award or any tax withholding obligations will again become Shares with respect to which Awards may be granted. 

(b) Adjustments. In the event of any change in the outstanding Shares by reason of any Share dividend, Share split, reverse Share split,
reorganization, recapitalization, merger, amalgamation, consolidation, spin-off, combination, transaction or exchange of Shares, or other corporate exchange, or any cash dividend or distribution to
shareholders other than ordinary cash dividends or any transaction similar to the foregoing, the Committee shall make such proportionate substitution or adjustment, if any, as it deems to be equitable (subject to Section 13), as to (i) the
number or kind of Shares or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the Exercise Price of any Option and/or (iii) any other affected terms of such Awards;
provided, that, for the avoidance of doubt, in the case of the occurrence of any of the foregoing events that is an “equity restructuring” (within the meaning of the Financial Accounting Standards Board Accounting Standard
Codification (ASC) Section 718, Compensation — Stock Compensation (FASB ASC 718)), the Committee shall make an equitable adjustment to outstanding Awards to reflect such event; and provided, further, that in the case of any
Share dividend, Share split or reverse split, recapitalization, combination, reclassification or other distribution of the Company’s equity securities with respect to the Shares without receipt of consideration by the Company, the Committee
shall make a proportionate adjustment. 
 (c) Substitute Awards. Any Shares underlying Substitute Awards shall not be counted against
the Shares authorized for issuance under the Plan and shall, subject to existing corporate authorities, increase the number of Shares available for issuance hereunder, unless determined otherwise by the Committee. 

Section 5. Eligibility. 
 (a)
General. Any Employee, Consultant or Director shall be eligible to be selected by the Committee to receive an Award under the Plan. 

(b) Incentive Share Options. Only Employees who are U.S. taxpayers shall be eligible for the grant of Incentive Share Options.

 (c) Non-Employee Directors. Awards may be granted to
Non-Employee Directors in accordance with the policies established from time to time by the Board specifying the number of shares (if any) to be subject to each such Award and the time(s) at which such awards
shall be granted. Awards granted to Non-Employee Directors shall be on terms and conditions determined by the Board, subject to the provisions of the Plan. 

  
 Page 6 of 27 

 Section 6. Options. 

(a) Grants. The Committee is authorized to grant Options to Participants with the terms and conditions set forth in this Section and
with such additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine. 

(b) Type of Option. The Committee shall have the authority to grant Incentive Share Options to U.S. taxpayers or to grant Non-Qualified Share Options to any Participant, or both. In the case of Incentive Share Options, the terms and conditions of such grants shall be subject to and comply with the provisions of Section 422 of the
Code, as from time to time amended, or any successor provision thereto, and any regulations implementing such statute. 
 (c) Exercise
Price. The Committee in its sole discretion shall establish the Exercise Price at the time each Option is granted. Notwithstanding the foregoing, the Exercise Price of any Option granted shall not be less than 100% of the Fair Market Value at
the time the Option is granted. 
 (d) Exercise. Each Option shall be exercisable at such times and subject to such terms and
conditions as the Committee may, in its sole discretion, specify in the applicable Award Agreement or thereafter. The Committee may impose such conditions with respect to the exercise of Options, including without limitation, any relating to the
application of U.S. federal or state securities laws, or those of any other jurisdiction, as it may deem necessary or advisable. 
 (e)
Payment. No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price is received by the Company, together with any documentation required by the Company and any applicable taxes. Such payment
may be made: 
  

	 	(i)	in cash; 

  

	 	(ii)	if approved by the Committee, in Shares (the value of such Shares shall be their Fair Market Value on the date of exercise) owned by the Participant for the period required to avoid a charge to the Company’s
earnings (which is generally six months); 

  

	 	(iii)	if approved by the Committee, by a combination of the foregoing; 

  

	 	(iv)	if approved by the Committee, in accordance with a cashless exercise program; or 

  

	 	(v)	in such other manner as permitted by the Committee at the time of grant or thereafter (including, without limitation, through net settlement in Shares). 

Section 7. Other Share-based Awards. The Committee is hereby authorized to grant to Participants awards of restricted shares, restricted share
units, rights to purchase shares, warrants, rights to dividends and dividend equivalents and other awards that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without
limitation, securities convertible into Shares) as are deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan, the 

  
 Page 7 of 27 

 
Committee shall determine the terms and conditions of such Awards. Shares or other securities delivered pursuant to a purchase right granted under this Section shall be purchased for such
consideration, which may be paid by such method or methods and in such form or forms, including, without limitation, cash, Shares, other securities, other Awards, or other property, or any combination thereof, as the Committee shall determine. 

Section 8. Effect Of Termination Of Employment Or Service. 

(a) Termination of Employment or Service. Except as the Committee may otherwise provide at the time the Award is granted or thereafter,
or as required to comply with applicable law, if a Participant’s employment or service with the Company and its Affiliates is terminated by Participant or by the Company for any reason (other than death or Disability or by the Company for
Cause), then vesting shall immediately cease and, to the extent vested as of the date of termination, an Award may be retained and, if applicable, exercised until the earlier of (i) the date three months (or such longer or shorter period, if
any, specified in the applicable Award Agreement or Employment Agreement) after such termination of employment or service or (ii) the date such Award would have expired had it not been for the termination of employment or service, after which
time, in either case, the Award shall expire. 
 (b) Death or Disability. Except as the Committee may otherwise provide at the time
the Award is granted or thereafter, or as required to comply with applicable law, if a Participant’s employment or service with the Company and its Affiliates is terminated by reason of death or Disability, then vesting shall immediately cease
and, to the extent vested as of the date of termination, the Award may be retained and, if applicable, exercised by the Participant or his successor (if employment or service is terminated by death) until the earlier of (i) the date one year
after such termination of employment or service or (ii) the date such Award would have expired had it not been for the termination of such employment or service, after which time, in either case, the Award shall expire. 

(c) Cause. Except as the Committee may otherwise provide at the time the Award is granted or thereafter, or as required to comply with
applicable law, if a Participant’s employment or service with the Company and its Affiliates is terminated by the Company or an Affiliate for Cause, all Awards held by such Participant shall be forfeited and shall expire immediately on the date
of termination. 
 Section 9. Amendment and Termination. 

(a) Amendment or Termination of the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof
at any time; provided that (i) no such amendment, alteration, suspension, discontinuation or termination shall be made without shareholder approval if such approval is necessary to comply with any tax or regulatory requirement with which the
Board deems it necessary or desirable to qualify or comply and (ii) any amendment, alteration, suspension, discontinuance, or termination that would adversely affect the rights of a Participant with respect to any outstanding Award shall not to
that extent be effective with respect to such Award without the consent of the affected Participant, holder or beneficiary, except as otherwise provided in Section 10 below or elsewhere in the Plan. Notwithstanding anything to the contrary
herein, the Committee may amend the Plan in such manner as may be necessary so as to have the Plan conform with local rules and regulations in any jurisdiction outside the United States. 

  
 Page 8 of 27 

 (b) Amendment or Termination of Awards. Subject to the terms of the Plan and applicable
law, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment,
alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of a Participant shall not to that extent be effective without the consent of the affected Participant, holder or beneficiary, except as
otherwise provided in Section 10 below or elsewhere in the Plan or the applicable Award Agreement. 
 Section 10. Corporate Transactions.

 (a) Change in Control. Any provision of this Plan or any Award Agreement to the contrary notwithstanding, in the event of a Change
in Control, the Committee, in its sole discretion, (i) may cause any outstanding Award to be (A) continued by the Company, (B) assumed, or substituted with a substantially equivalent award, by the successor company (or its parent or
any of its subsidiaries), or (C) canceled in consideration of a cash payment or alternative Award, if applicable, made to the holder of such canceled Award equal in value to the excess, if any, of the value of the consideration to be paid in
the Change in Control transaction, directly or indirectly, to holders of the same number of Shares subject to such Award (the “Deal Consideration”) (or if no consideration is paid in any such transaction, the Fair Market Value of
such canceled Award) over the aggregate exercise price; provided, however, that the Committee may determine that only holders of vested Awards shall receive any such cash payment or alternative Award; and further provided, that any
Award with an aggregate exercise price that equals or exceeds the Deal Consideration (or if no consideration is paid in any such transaction, the Fair Market Value of such canceled Award) shall be canceled without payment or consideration thereof;
or (ii) may take any other action or actions with respect to the outstanding Awards that it deems appropriate. Any Award (or any portion thereof) not continued or assumed by the Company or the successor company (or its parent or any of its
subsidiaries), as applicable, pursuant to the foregoing shall terminate on such Change in Control and the holder thereof shall be entitled to no consideration for such Award. 

(b) Dissolution or Liquidation. In the event of a dissolution or liquidation of the Company, then all outstanding Awards shall terminate
immediately prior to such event. 
 Section 11. General Provisions. 

(a) Dividend Equivalents. In the sole and complete discretion of the Committee, an Award may provide the Participant with dividends or
dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis. 
 (b)
Nontransferability of Awards. Except to the extent otherwise provided in an Award Agreement or as determined by the Committee (except with respect to Incentive Share Options), no Award shall be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by a Participant, except by will or the laws of descent and distribution. 

  
 Page 9 of 27 

 (c) No Rights to Awards. No Employee, Participant or other Person shall have any claim to
be granted any Award, and there is no obligation for uniformity of treatment of Employees, Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the same with respect to each recipient. 

(d) Lock-up Period. Unless otherwise determined by the Committee, Shares shall not be issued
under this Plan unless the Participant agrees that he or she will not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Shares
(or other securities of the Company) held by the Participant prior to the date 180 days following the effective date of a registration statement with respect to any underwritten public offering by the Company of its securities as requested by
the managing underwriters for such offering. 
 (e) Shares. No certificates will be issued in respect of the Shares unless the Board
determines otherwise. Shares will be issued of record in the name of the Participant and registered on the Register of Members of the Company. 

(f) Withholding. As a condition to the issuance of any Shares in satisfaction of an Award, a Participant may be required to pay to the
Company or any of its Affiliates, and the Company or any Affiliate shall have the right and is hereby authorized (i) to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or
other amount owing to a Participant, the amount (in cash, Shares, other securities, other Awards or other property, in each case if permissible under local law) of any applicable taxes, social contributions or other amounts required by applicable
law in respect of the grant, exercise, lapse or vesting of an Award or any payment or transfer under an Award or under the Plan and (ii) to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for
the payment of such amounts. 
 (g) Award Agreements. Each Award hereunder shall be evidenced by an Award Agreement which shall be
delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto. 
 (h) No Limit on
Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements. 

(i) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ
or service of the Company or any Affiliate and shall not lessen or affect the right of the Company or its Affiliates to terminate the employment or service of a Participant. 

(j) Rights as a Shareholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any Award
shall have any rights as a shareholder with respect to any Shares to be issued under the Plan until he or she has become the holder of such Shares. 

(k) Governing Law. The validity, construction and effect of the Plan and any rules and regulations relating to the Plan and any Award
Agreement shall be determined in accordance with the laws of the Cayman Islands, without, to the fullest extent permissible thereby, application of the conflict of law principles thereof. 

  
 Page 10 of 27 

 (l) Severability. If any provision of the Plan or any Award is or becomes or is deemed to
be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the
applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and
the remainder of the Plan and any such Award shall remain in full force and effect. 
 (m) Other Laws. The Committee may refuse to
issue or transfer any Shares or other consideration under an Award if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation or entitle
the Company to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant in connection therewith shall be promptly refunded to the relevant Participant, holder or beneficiary. Without limiting
the generality of the foregoing, no Award granted hereunder is, nor shall be construed as, an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion has determined that
any such offer, if made, would be in compliance with all applicable requirements of the laws of the Cayman Islands, the U.S. federal securities laws and any other laws to which such offer, if made, would be subject. 

(n) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind
or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (o) No Fractional Shares. No fractional
Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash or other securities or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional
Shares or any rights thereto shall be canceled, terminated, or otherwise eliminated. 
 (p) Headings. Headings are given to the
Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

(q) Proprietary Information and Inventions Agreement. A Participant shall, as a condition precedent to the exercise or settlement of an
Award, have executed and be in compliance with the Company’s (or its Affiliate’s) standard form of confidentiality and non-disclosure agreement. 

  
 Page 11 of 27 

 (r) Modification of Award Terms for non-U.S.
Participants. The Committee shall have the discretion and authority to grant Awards with such modified terms as the Committee deems necessary or appropriate in order to comply with the laws of the country in which the Participant resides or is
employed, and the Committee may establish a subplan under this Plan for such purposes. 
 (s) Company Governing Instruments. All
Shares issued and/or vested pursuant to an Award or Substitute Award, or transferred thereafter, shall be held subject to the Memorandum and Articles of Association of the Company. 

Section 12. Term of The Plan. 
 The
Plan shall remain in effect until terminated by the Board under the terms of the Plan, provided that, in no event may Incentive Share Options be granted under the Plan later than ten years from the date the Plan was adopted by the Board (or as
otherwise allowed by applicable law). Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend,
discontinue, or terminate any such Award or to waive any conditions or rights under any such Award shall, continue after the authority for grant of new Awards hereunder has been exhausted. 

Section 13. Section 409A. 

Notwithstanding other provisions of this Plan or any Award Agreements hereunder, no Award shall be granted, deferred, accelerated, extended,
paid out or modified under this Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. In the event that it is reasonably determined by the Committee that, as a result of Section
409A of the Code, payments in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Award Agreement, as the case may be, without causing the Participant holding such Award to be subject
to taxation under Section 409A of the Code, the Company will make such payment on the first day that would not result in the Participant incurring any tax liability under Section 409A of the Code. The Company shall use commercially reasonable
efforts to implement the provisions of this Section 13 in good faith; provided that neither the Company, the Committee nor any of the Company’s employees, directors or representatives shall have any liability to any Participant with
respect to this Section 13. 

  
 Page 12 of 27 

 OPTION AGREEMENT 

THIS OPTION AGREEMENT (the “Agreement”), made by and between SMART Global Holdings, Inc. (f/k/a Saleen Holdings, Inc.), a
Cayman Islands exempted company (the “Company”), and                     (the “Optionee”), is effective as of
[date] (the “Grant Date”). Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the SMART Global Holdings, Inc. Amended and Restated 2011 Share Incentive Plan (the “Plan”).

 WHEREAS, as an incentive for the Optionee’s efforts during the Optionee’s employment with the Company and its Affiliates, the
Company wishes to afford the Optionee the opportunity to purchase a number of Shares, pursuant to the terms and conditions set forth in this Agreement and the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee has instructed the undersigned officers to issue the Option described below. 
 NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Plan. 

ARTICLE II 
 GRANT OF OPTIONS 

Section 2.1. Grant of Options 
 For
good and valuable consideration, on and as of the Grant Date, the Company irrevocably granted to the Optionee an Option to purchase any part or all of an aggregate number
of                     Shares, subject to the adjustment as set forth in Section 2.4 hereof (the “Option”). 

Section 2.2. Exercise Price 
 Subject
to Section 2.4 hereof, the per Share exercise price of the Shares covered by the Option shall be $     per Share. 

Section 2.3. No Guarantee of Employment 

Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ or service of the Company or its
Subsidiaries or Affiliates, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries and Affiliates, which are hereby expressly reserved, to terminate the Employment of the Optionee at any time

  
 Page 13 of 27 

 
for any reason whatsoever, with or without Cause, subject to the applicable provisions, if any, of the Optionee’s Employment Agreement (if any such agreement is in effect at the time of such
termination). For purposes of this Agreement, “Employment” shall mean (i) the Optionee’s employment if the Optionee is an employee of the Company or any of its Affiliates, (ii) the Optionee’s services as a
Consultant, if the Optionee is a Consultant, and (iii) the Optionee’s services as a non-employee member of the Board or the board of directors (or equivalent governing body) of any Affiliate of the
Company. 
 Section 2.4. Adjustments to Option 

The Option shall be subject to adjustment in accordance with Section 9 of the Plan. 

ARTICLE III 
 PERIOD OF
EXERCISABILITY 
 Section 3.1. Vesting and Commencement of Exercisability 

(a) Subject to the Optionee’s continued Employment, the Option shall vest and become exercisable with respect to __% of the Shares subject
thereto on the first annual anniversary of the Grant Date (the “Initial Vesting Date”), and the remaining portion of the Option will vest over          years thereafter with
        of the Shares subject to the Option vesting on each monthly anniversary of the Initial Vesting Date. 

(b) No portion of the Option shall vest and become exercisable as to any additional Shares following the termination of the Optionee’s
Employment for any reason, and the portion of the Option that is unvested and unexercisable as of the date of such termination shall immediately expire without consideration or payment therefor. 

Section 3.2. Expiration of Option 
 If
not previously exercised, the Option shall expire without consideration or payment therefor on the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the ninetieth day immediately following the date of the Optionee’s termination of Employment, if the Optionee’s Employment is
terminated by the Company or its Affiliates, as applicable, without Cause or by the Optionee for any reason; 
 (c) the first anniversary of
the date that the Optionee’s Employment is terminated due to the Optionee’s death or Disability; or 
 (d) immediately upon the
date of the Optionee’s termination of Employment, if the Optionee’s Employment is terminated by the Company or its Affiliates, as applicable, for Cause. 

  
 Page 14 of 27 

 ARTICLE IV 

EXERCISE OF OPTION 
 Section 4.1. Person
Eligible to Exercise 
 Except as otherwise permitted by the Committee in writing, the Optionee is the only Person that may exercise the
exercisable portion of the Option, unless and until the Optionee dies or suffers a Disability. After the Disability or death of the Optionee, the exercisable portion of the Option may, prior to the time when the Option expires under Section 3.2
hereof, be exercised by the Optionee’s personal representative, guardian or by any person empowered to do so under the Optionee’s will or under the then applicable laws of descent and distribution. 

Section 4.2. Partial Exercise 
 Any
exercisable portion of an Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof expires under Section 3.2; provided, however,
that any whole or partial exercise shall be for whole Shares only. 
 Section 4.3. Manner of Exercise 

An Option, or any exercisable portion thereof, may be exercised solely by delivering to the Secretary of the Company at the Company’s
principal office, all of the following prior to the time when the Option or such portion expires under Section 3.2: 
 (a) notice in
writing signed by the Optionee or the other Person then entitled to exercise the Option or portion thereof, stating that the Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the
Committee; 
 (b) full payment of the applicable aggregate exercise price (in cash, by check, by wire transfer or by a combination of the
foregoing) for the Shares with respect to which such Option or portion thereof is exercised; 
 (c) a bona fide written representation
and agreement, in a form satisfactory to the Committee, signed by the Optionee or other Person then entitled to exercise such Option or portion thereof, stating that the Shares are being acquired for the Optionee’s own account, for investment
and without any present intention of distributing or reselling said Shares or any of them except as may be permitted under the Securities Act, and that the Optionee or other Person then entitled to exercise such Option or portion thereof will
indemnify the Company against and hold it free and harmless from any loss, damage, expense or liability resulting to the Company if any sale or distribution of the Shares by such Person is contrary to the representation and agreement referred to
above; provided, however, that the Committee may, in its reasonable discretion, take whatever additional actions it deems reasonably necessary to ensure the observance and performance of such representation and agreement and to effect
compliance with the Securities Act and any other federal or state securities laws or regulations; 

  
 Page 15 of 27 

 (d) to the extent the Optionee is not already a party, the Optionee shall be required to become a
party to the Saleen Holdings, Inc. Employee Investors Shareholders Agreement, dated as of August 26, 2011, as may be amended from time to time (the “Shareholders Agreement”) pursuant to the terms thereof; 

(e) in the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by any Person or Persons other than the
Optionee, appropriate proof of the right of such Person or Persons to exercise the Option; and 
 (f) full payment to the Company or any of
its Affiliates, as applicable, of all amounts which, under federal, state, local and/or non-U.S. law, such entity is required to withhold upon exercise of the Option in cash (including by check or wire
transfer). 
 Without limiting the generality of the foregoing, any subsequent transfer of Shares shall be subject to the terms and conditions of the
Shareholders Agreement and the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer of Shares acquired on exercise of the Option does not violate the Securities Act, and may issue stop-transfer
orders covering such Shares. The written representation and agreement referred to in Section 4.3(c) above shall, however, not be required if the Shares to be issued pursuant to such exercise have been registered under the Securities Act, and such
registration is then effective in respect of such Shares. 
 Section 4.4. Conditions to Issuance of Shares 

The Company shall not be required to record the ownership by the Optionee of Shares purchased upon the exercise of an Option or portion thereof
prior to fulfillment of all of the following conditions: 
 (a) the obtaining of approval or other clearance from any federal, state, local
or non-U.S. governmental agency which the Committee shall, in its reasonable and good faith discretion, determine to be necessary or advisable; 

(b) the lapse of such reasonable period of time following the exercise of the Option as the Committee may from time to time establish for
reasons of administrative convenience or as may otherwise be required by applicable law; and 
 (c) to the extent the Optionee is not already
a party, the Optionee shall be required to become a party to the Shareholders Agreement pursuant to the terms thereof. 
 Section 4.5. Rights as
Shareholder 
 The Optionee shall not be, and shall not have any of the rights or privileges of, a shareholder of the Company in respect of
any Shares purchasable in connection with the Option or any portion thereof unless and until a book entry representing such Shares has been made on the books and records of the Company. 

  
 Page 16 of 27 

 ARTICLE V 

MISCELLANEOUS 

Section 5.1. Administration 
 The
Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions
taken and all interpretations and determinations made by the Committee shall be taken in good faith and shall be final and binding upon the Optionee, the Company and all other interested persons. No member of the Committee shall be personally liable
for any action, determination or interpretation made in good faith with respect to the Plan or the Option. In its absolute discretion, the Board may at any time, and from time to time, exercise any and all rights and duties of the Committee under
the Plan and this Agreement. 
 Section 5.2. Option Not Transferable 

Except as otherwise permitted by the Committee in writing or provided in the Shareholders Agreement, neither the Option nor any interest or
right therein or part thereof shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy,
attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that, to the extent permitted by applicable
law, this Section 5.2 shall not prevent transfers by will or by the applicable laws of descent and distribution. 
 Section 5.3. Notices 

Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of its Secretary, and any
notice to be given to the Optionee shall be addressed to the Optionee at the most recent address of the Optionee set forth in the personnel records of the Company or any of its Affiliates, as applicable. By a notice given pursuant to this
Section 5.3, either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s
personal representative if such representative has previously informed the Company of the representative’s status and address by written notice under this Section 5.3. Any notice shall have been deemed duly given when enclosed in a
properly sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 

Section 5.4. Titles; Interpretation 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. Defined
terms used in this Agreement shall apply equally to both the singular and plural forms thereof. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The term “hereunder” shall mean this entire Agreement as a whole unless reference to a specific section or
provision of this Agreement is made. Any reference to a Section, subsection and provision is to this Agreement unless otherwise specified. 

  
 Page 17 of 27 

 Section 5.5. No Right to Employment or Additional Options or Share Awards 

The Option granted hereunder shall impose no obligation on the Company or any Affiliate to continue the Optionee’s Employment and shall
not lessen or affect the Company’s or any Affiliate’s right to terminate such Employment. Neither the Optionee nor any other Person shall have any claim to be granted any additional Option or any other Share Award and there is no
obligation under the Plan for uniformity of treatment of Participants, or holders of beneficiaries of Options or other Share Awards. The terms and conditions of the Option granted hereunder or any other Share Award granted under the Plan or
otherwise and the Committee’s determinations and interpretations with respect thereto and/or with respect to the Optionee and any other Participant need not be the same (whether or not the Optionee and any such Participant are similarly
situated). In addition, except as otherwise provided in the Optionee’s Employment Agreement, if the Optionee ceases to be an employee or other service provider to the Company or any of its Affiliates, as applicable, under no circumstances will
the Optionee be entitled to any compensation for any loss of any right or benefit or prospective right or benefit under the Plan which the Optionee might otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful
dismissal or other breach of contract or by way of compensation for loss of office or otherwise. By accepting the Option granted hereunder, the Optionee acknowledges and agrees that the Option granted hereunder and any other Options or other Share
Awards the Optionee has been awarded under the Plan and any other Options or other Share Awards the Optionee may be grated in the future, even if such Options or other Share Awards are made repeatedly or regularly, and regardless of their amount,
(i) are wholly discretionary, are not a term or condition of Employment and do not form part of a or contract of Employment, or any other working arrangement between the Optionee and the Company or any of its Affiliates, (ii) do not create
any contractual entitlement to receive future Options or other Share Awards or to continued Employment, and (iii) do not form part of salary or remuneration for purposes of determining pension payments or any other purposes, including, without
limitation, termination indemnities, severance, resignation, redundancy, bonuses, long-term service awards, pension or retirement benefits, or similar payments, except as otherwise required by Applicable Law or as otherwise provided in the
Optionee’s Employment Agreement. 
 Section 5.6. Data Privacy 

(a) The Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the
Optionee’s personal data as described in this document by and among, as applicable, the Company and its Affiliates, (including any of their respective payroll administrators), wherever they may be located, (collectively, the “Data
Recipients”) for the exclusive purpose of implementing, administering and managing the Optionee’s participation in the Plan. The Optionee understands that the Data Recipients will collect, hold, and process certain personal information
about the Optionee (including, without limitation, name, home address, telephone number, date of birth, nationality and job detail and details of the Option granted hereunder and any other Share Award granted to the Optionee). 

  
 Page 18 of 27 

 (b) The Data Recipients will treat the Optionee’s personal data as private and confidential
and will not disclose such data for purposes other than the management and administration of the Optionee’s participation in the Plan and will take reasonable measures to keep such personal data private, confidential, accurate and current. 

(c) Where the transfer is to a destination outside the jurisdiction in which the Optionee resides, the Company and its Affiliates (including
any of their respective payroll administrators) shall take reasonable steps to ensure that such personal data continues to be adequately protected and securely held. Nonetheless, by accepting the Option granted hereunder, the Optionee acknowledges
that personal information about the Optionee may be transferred to a jurisdiction that does not offer the same level of protection as the jurisdiction in which the Optionee resides. The Optionee understands that he or she may request a list with the
names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The Optionee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form,
for the purposes of implementing, administering and managing the Optionee’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom he or she may elect to deposit
any Shares of stock acquired upon exercise of this Option. The Optionee understands that Data will be held only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan. 

(d) The Optionee may, at any time, view their personal data, require any necessary corrections to it or withdraw the consent referenced in this
Section 5.6 by contacting the Secretary of the Company. The Optionee understands, however, that refusing or withdrawing his or her consent may affect his or her ability to participate in the Plan. For more information on the processing of
personal data, including the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee understands that he or she may contact his or her local human resources representative. If you are a Malaysian Participant, a
translation in Malay of this Section 5.6 is attached hereto as Annex A. 
 Section 5.7. Nature of Grant 

In accepting the grant, the Optionee acknowledges that: 

(a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated
by the Company at any time, unless otherwise provided in the Plan and this Option Agreement; 
 (b) the grant of this Option is voluntary and
occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 

(c) all decisions with respect to future option grants, if any, will be at the sole discretion of the Company; 

(d) the Optionee’s participation in the Plan shall not create a right to further employment with the Company or any of its Affiliates and
shall not interfere with the ability of the Company or any of its Affiliates to terminate the Optionee’s Employment at any time with or without cause; 

  
 Page 19 of 27 

 (e) the Optionee is voluntarily participating in the Plan; 

(f) this Option is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or
its Affiliates, and which is outside the scope of the Optionee’s employment contract, if any; 
 (g) this Option and Option benefit is
not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement
benefits or similar payments; 
 (h) in the event that the Optionee ceases to be an employee, director, or consultant, this Option grant will
not be interpreted to form an employment contract or relationship with the Company or any of its Affiliates, and furthermore, this Option grant will not be interpreted to form an employment contract with the Company or any of its Affiliates; 

(i) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 

(j) if the underlying Shares do not increase in value, the Option will have no value; 

(k) if the Optionee exercises his or her Option and obtains Shares, the value of those Shares acquired upon exercise may increase or decrease
in value, even below the exercise price; 
 (l) no claim or entitlement to compensation or damages shall arise from termination of the Option
or diminution in value of the Option or Shares purchased through exercise of the Option resulting from termination of the Optionee’s Employment by the Company or any of its Affiliates (for any reason whatsoever and whether or not in breach of
local labor laws) and the Optionee irrevocably releases the Company and its Affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by
signing this Option Agreement, the Optionee shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; 
 (m) in
the event of involuntary termination of Employment (whether or not in breach of local labor laws), the Optionee’s right to exercise the Option after termination of Employment, if any, will be measured by the date of termination of the
Optionee’s active Employment (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law), and will not be extended by any notice period mandated under local law; the Company
shall have the exclusive discretion to determine when the Optionee is no longer actively employed for purposes of the Optionee’s Option grant; and 

  
 Page 20 of 27 

 (n) regardless of any action the Company or its Affiliates takes with respect to any or all
income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items legally due by the Optionee is and remains the Optionee’s responsibility, and the Optionee shall pay to and indemnify and keep indemnified the Company and its
respective Affiliates from and against Tax-Related Items that are attributable to the exercise or any benefit derived by the Optionee from any Option and that the Company and/or the Affiliate (i) make no
representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Option grant, including the grant, vesting or exercise of this Option, the subsequent sale
of Shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate the Optionee’s liability for Tax-Related Items. 
 Section 5.8. Applicability of the Plan and the Shareholders Agreement 

The Option and the Shares issued to the Optionee upon exercise of the Option shall be subject to all of the terms and provisions of the Plan
and the Shareholders Agreement, to the extent applicable to the Option and such Shares. In the event of any conflict between this Agreement and the Plan, the terms of the Plan shall control. In the event of any conflict between this Agreement or the
Plan and the Shareholders Agreement, the terms of the Shareholders Agreement shall control. 
 Section 5.9. Proprietary Information and Inventions
Agreement 
 The Optionee shall, as a condition precedent to the exercise or settlement of an Award, have executed and be in compliance with
the Company’s (or its Affiliate’s) standard form of confidentiality and non-disclosure agreement. 

Section 5.10. Tax Indemnity for U.K. Participants 

Solely with respect to U.K. Participants, the Optionee: 

(a) shall indemnify the Company and each of its Affiliates in respect of all liability to United Kingdom income tax (including taxation
required to be deducted through the PAYE system) and both primary (employees’) and secondary (employers’) national insurance contributions, which arise as a consequence of or in connection with the exercise of any portion of the Option
granted hereunder and hereby authorizes the Company or any of its Affiliates, as applicable, to deduct such amounts from any payments which are or, at any time in the future, become due to the Optionee and whether pursuant to this Agreement or
otherwise; and 
 (b) hereby permits the Company or any of its Affiliates, as applicable, to sell at Fair Market Value such number of Shares
allocated or allotted to the Optionee following exercise of any portion of the Option as will provide such entity with an amount equal to the United Kingdom tax for which such entity is obliged under the PAYE regulations to account to H.M.
Revenue & Customs in consequence of the exercise of the Option (including, without limitation, primary and secondary national insurance contributions referenced in Section 4.6(a) above). 

  
 Page 21 of 27 

 Section 5.11. Malaysian Participants 

So with respect to Malaysian Participants: 

(a) If the Option is subject to Malaysian law, the Optionee shall be responsible to ensure that all payments made or to be made pursuant to the
exercise of the Option shall comply with all applicable foreign exchange rules in Malaysia. 
 (b) The Shares issued to the Optionee under
the Plan in Malaysia constitute or relate to an “excluded offer,” “excluded invitation” or “excluded issue” pursuant to Sections 229 and 230 of the Malaysian Capital Markets and Services Act 2007. To the extent
applicable or required, copies of the Plan documents may be lodged with the Securities Commission of Malaysia. The Plan documents do not constitute, and may not be used for the purpose of, an offer, or or invitation to acquire, purchase or subscribe
or issue of any securities requiring the registration of a prospectus with the Securities Commission in Malaysia under the Capital Markets and Services Act 2007. 

Section 5.12. Language 
 If the
Optionee has received this or any other document related to the Plan translated into a language other than English and if the translated version is different than the English version, the English version will control. 

Section 5.13. Amendment 
 This
Agreement may be amended only by a written instrument executed by the parties hereto, which specifically states that it is amending this Agreement. 

Section 5.14. Governing Law 
 This
Agreement shall be governed in all respects by the laws of the Cayman Islands. 
 Section 5.15. Severability 

Any provision of this Agreement which is invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective
to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any
other jurisdiction. 
 [Signature on next page.] 

  
 Page 22 of 27 

 SMART Global Holdings, Inc. Amended and Restated 2011 Share Incentive Plan – Non US Participant 

IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto. 

 

	
	 SMART Global Holdings, Inc.

	
	  

	Name:
	 Title:

	
	 Optionee:

	
	  

	 Name:

  
 Page 23 of 27 

 Restricted Share Unit Award Agreement 

under the 
 SMART Global Holdings,
Inc. 
 Amended and Restated 2011 Share Incentive Plan 

(As Amended and Restated as of August 19, 2014) 

Date of Grant: 
 Name of
Participant:                 
 Number of
Units/Shares:     
 SMART Global Holdings, Inc., an exempted company organized under the laws of the Cayman Islands
(the “Company”), hereby grants the number of restricted share units (each representing the right to receive an ordinary share of the company (the “Shares”)) set forth above (the “RSUs”), as of the
date of grant set forth above (the “Grant Date”), to the above-named participant (“Participant”) pursuant to Section 7 of the Company’s Amended and Restated Stock Incentive Plan (the
“Plan”) and subject to the terms and conditions thereof and hereof, in consideration for your services to the Company. 

Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. The terms and conditions of this Restricted Share
Unit Award Agreement (this “Agreement”), to the extent not controlled by the terms and conditions contained in the Plan, are as follows: 

1. Vesting. The RSU shall vest and the Shares shall become issuable as set forth on Exhibit A, provided, however, that
upon a Change in Control, the RSUs shall become fully vested immediately preceding the effectiveness of such Change of Control. 
 2.
Forfeiture of Unvested RSUs. Immediately upon termination of Participant’s service for any reason (including death or disability), any unvested RSUs shall be forfeited without consideration. 

3. Conversion into Ordinary Shares. 

(a) Subject to subsection (b) hereof, Shares issuable pursuant to the terms of this Agreement will be issued on, or as
soon as practicable following, the applicable vesting date of the RSUs. As a condition to such issuance, Participant shall have satisfied his or her tax withholding obligations as specified in this Agreement and shall have completed, signed and
returned any documents and taken any additional action that the Company deems appropriate to enable it to accomplish the delivery of the Shares. In no event will the Company be obligated to issue a fractional share. Notwithstanding the foregoing,
(i) the Company shall not be obligated to deliver any Shares during any period when the Company determines that the conversion of a RSU or the delivery of shares hereunder would violate any federal, state or other applicable laws and/or may
issue shares subject to any restrictive legends that, as determined by the Company’s counsel, is necessary to comply with securities or other regulatory requirements, and (ii) the date on which shares are issued may include a delay in
order to provide the Company such time as it determines appropriate to address tax withholding and other administrative matters. 

  
 Page 24 of 27 

 (b) Notwithstanding the foregoing, to the extent the Participant is not
already a party, the Participant shall be required to become a party to the SMART Global Holdings, Inc. Amended and Restated Investors Shareholders Agreement, dated as of November 5, 2016, as may be amended from time to time (the
“Shareholders Agreement”) pursuant to the terms thereof before any Shares shall be issued hereunder; 
 Without limiting
the generality of the foregoing, any subsequent transfer of Shares shall be subject to the terms and conditions of the Shareholders Agreement and the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent
transfer of Shares issued upon the vesting of the RSUs does not violate the Securities Act, and may issue stop-transfer orders covering such Shares. 

4. Tax Treatment. Any withholding tax liabilities (whether as a result of federal, state or other law and whether for the payment and
satisfaction of any income tax, social security tax, payroll tax, or payment on account of other tax related to withholding obligations that arise by reason of the RSUs) incurred in connection with the RSUs becoming vested and Shares issued, or
otherwise incurred in connection with the RSUs, shall be satisfied in one of the following manners, at the election of Participant unless otherwise determined by the Company: (i) by the Company withholding a number of Shares that would
otherwise be issued under the RSUs that the Company determines have a fair market value approximately equal to the minimum amount of taxes that the Company concludes it is required to withhold under applicable law or regulation (or such greater
amount as may be permitted by the Company to the extent it determines such action would not result in adverse accounting consequences to the Company); or (ii) by payment by Participant to the Company in cash or by check in an amount equal to
the minimum amount of taxes that the Company concludes it is required to withhold under applicable law or regulation (which amount shall be due on the first business day following the day the tax event arises unless otherwise determined by the
Company). If the Shares are publicly traded at the time of the tax withholding event, the Company may permit or require the automatic sale by Participant of a number of Shares that are issued under the RSUs, which the Company determines is
sufficient to generate an amount that meets the tax withholding obligations under applicable law or regulation, plus additional shares to account for rounding and market fluctuations, and payment of such tax withholding to the Company, and such
Shares may be sold as part of a block trade with other Plan participants, Without limiting the foregoing, Participant hereby authorizes the Company to withhold such tax withholding amount from any amounts owing to Participant to the Company and to
take any action necessary in accordance with this paragraph. 
 5. Notwithstanding the foregoing, Participant acknowledges and agrees that
Participant is responsible for all taxes that arise in connection with the RSUs becoming vested and Shares being issued or otherwise incurred in connection with the RSUs, regardless of any action the Company takes pursuant to this Section. The RSUs
are intended to be exempt from Section 409A of the Code under the short-term deferral exemption thereof, and therefore the Shares shall in no event be issued more than two and  1⁄2 months following the end of the taxable year of Participant or the Company (whichever is later) in which the corresponding RSUs become vested. 

  
 Page 25 of 27 

 6. Lock-up Period. Participant agrees that the
Company (or a representative of the underwriter(s)) may, in connection with any underwritten registration of the offering of any securities of the Company under the Securities Act, require that Participant not sell, dispose of, transfer, make any
short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Shares or other securities of the Company held by Participant, for a period of time specified by the
underwriter(s) (not to exceed one hundred eighty (180) days) following the effective date of the registration statement of the Company filed under the Securities Act; provided that transactions pursuant to Section 4 hereof shall be
exempt from any such lock-up request. Participant further agrees to execute and deliver such other agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with
the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to Participant’s Shares until the end of such period. The
underwriters of the Company’s shares are intended third party beneficiaries of this Section and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 

7. Restrictions on Transfer of Shares. Participant understands and agrees that the RSUs may not be sold, given, transferred, assigned,
pledged or otherwise hypothecated by the holder. In addition, Participant understands and agrees that any Shares are subject to the applicable restrictions on transfer set forth in the Plan and in the Shareholders Agreement. 

8. Certificates. Certificates issued in respect of the Shares shall, unless the Committee otherwise determines, be registered in the
name of Participant and may be in electronic form. Such share certificate shall carry such appropriate legends, and such written instructions shall be given to the Company transfer agent, as may be deemed necessary or advisable by counsel to the
Company in order to comply with the requirements of the Securities Act of 1933, any state securities laws or any other applicable laws or the Shareholders Agreement. 

9. Shareholder Rights. Participant will have no voting or other rights as the Company’s other shareholders with respect to the
Shares until issuance of the Shares. 
 10. No Employment/Service Rights. Neither this Agreement nor the grant of the RSUs hereby
confers on Participant any right to continue in the employ or service of the Company or any Affiliate or interferes in any way with the right of the Company or any Affiliate to determine the terms of Participant’s employment or service. 

11. Terms of Plan, Interpretations. This Agreement and the terms and conditions herein set forth are subject in all respects to the
terms and conditions of the Plan, which shall be controlling. All interpretations or determinations of the Committee and/or the Board shall be binding and conclusive upon Participant and his legal representatives on any question arising hereunder.
Participant acknowledges that he has received and reviewed a copy of the Plan. 
 12. Notices. All notices hereunder to the party
shall be delivered or mailed to the following addresses: 

  
 Page 26 of 27 

 If to the Company: 

SMART Global Holdings, Inc. 
 c/o
SMART Modular Technologies, Inc. 
 Attn: Stock Plan Administrator 

39870 Eureka Drive 
 Newark,
California 94560 
 If to Participant: 

At the address specified on the signature page or the last address for Participant in the Company’s records. 

Such addresses for the service of notices may be changed at any time provided notice of such change is furnished in advance to the other
party. 
 13. Entire Agreement. This Agreement contains the entire understanding of the parties hereto in respect of the subject
matter contained herein. This Agreement together with the Plan supersedes all prior agreements and understandings between the parties hereto with respect to the subject matter hereof. 

14. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Cayman Islands, without
application of the conflict of laws principles thereof. 
 15. Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed as of the date first above written. 

 

			
	SMART GLOBAL HOLDINGS, INC.
		
	By:	 	
	Name:	 	  

	Title:	 	Chief Financial Officer
	
	PARTICIPANT:
		
	By:	 	  

	Name:	 	  

	 Address:
	 	  

		 	  

  
 Page 27 of 27

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00271-of-00352.parquet"}]]