Document:

EX-10.2

 Exhibit 10.2 
 FUSION-IO, INC. 
 INVOLUNTARY TERMINATION SEVERANCE AGREEMENT

 THIS INVOLUNTARY TERMINATION SEVERANCE AGREEMENT (this “Agreement”) is made and entered
into by and between Shane V Robison (“Employee”) and Fusion-io, Inc. (the “Company”), effective as of May 7, 2013 (the “Effective Date”). 

RECITALS 
 1. The Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) believes that it is in the best interests of the
Company and its stockholders to assure that the Company shall have the continued dedication and objectivity of Employee, to provide Employee with an incentive to continue his employment, and to motivate Employee to maximize the value of the Company
for the benefit of its stockholders. 
 2. The Committee believes that it is imperative to provide Employee with certain
severance benefits upon Employee’s termination of employment under certain circumstances. These benefits shall provide Employee with enhanced financial security and incentive and encouragement to remain with the Company. 

3. Certain capitalized terms used in this Agreement are defined in Section 6 below. 

AGREEMENT 
 NOW, THEREFORE, for good and valuable consideration, including the mutual covenants contained herein, the Company and Employee hereby agree as follows: 

1. Term of Agreement. This Agreement shall terminate upon the date that all of the obligations of the parties hereto with respect
to this Agreement have been satisfied. 
 2. At-Will Employment. The Company and Employee acknowledge that
Employee’s employment is and shall continue to be at-will, as defined under applicable law. If Employee’s employment terminates for any reason, including (without limitation) any termination prior to a Change of Control, Employee shall not
be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement or as may otherwise be available in accordance with the Company’s established employee plans. Upon any termination of employment,
the Company will pay Executive all accrued but unpaid vacation, expense reimbursements, wages and other benefits due to Executive under any Company-provided plans, policies and arrangements (“Accrued Compensation”).

 3. Severance Benefits. 

(a) Termination without Cause Prior to a Change of Control. If the Company terminates Employee’s employment with the Company
without Cause or if Employee resigns from such employment for Good Reason, and such termination occurs prior to three (3) months before a Change of Control, then subject to Section 4 and in addition to any Accrued Compensation, Employee
shall receive the following: 
 (i) Severance Payment. Employee shall be paid continuing payments of severance pay at a
rate equal to Employee’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies. If a Change of
Control occurs while Employee is receiving severance payments pursuant to this clause (i), then Employee shall receive a lump sum payment equal to the remaining unpaid severance pay under this clause (i) on the date of the Change of Control in
lieu of continuing payments otherwise due following the Change of Control. 
 (ii) Equity Compensation Acceleration.
Employee’s then unvested outstanding stock options, stock appreciation rights, restricted stock, restricted stock units and other Company equity compensation awards, including any equity awards previously transferred to Employee’s estate
planning vehicles (the “Equity Compensation Awards”) shall immediately vest, and, if applicable, become exercisable, as to the portion of the award that would have otherwise vested during the 12-month period following such
termination had Employee continued providing services through such date. Any Company stock options and stock appreciation rights shall thereafter remain exercisable following Employee’s employment termination for the period prescribed in the
respective option and stock appreciation right agreements. 
 (iii) Continued Employee Benefits. If Employee elects
continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Employee and Employee’s eligible dependents, then
the Company shall reimburse Employee for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Employee’s termination) until the earlier of (A) a period of eighteen (18) months from the date of
termination, or (B) the date upon which Employee and/or Employee’s eligible dependents become covered under similar plans. The reimbursements shall be made by the Company to Employee consistent with the Company’s normal expense
reimbursement policy. 
 (b) Involuntary Termination other than for Cause, Voluntary Termination for Good Reason or Death or
Disability during the Change of Control Period. If within the period commencing three (3) months prior to a Change of Control and ending twelve (12) months following a Change of Control (the “Change of Control
Period”), (i) Employee terminates his employment with the Company (or any parent or subsidiary of the Company) for Good Reason or (ii) the Company (or any parent or subsidiary of the Company) terminates Employee’s
employment without Cause, or (iii) Employee dies or terminates employment due to becoming Disabled, then, subject to Section 4 and in addition to any Accrued Compensation, Employee shall receive the following severance from the Company:

  
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 (i) Severance Payment. Employee shall be entitled to receive a lump-sum severance
payment equal to 150% of Employee’s annual base salary (as in effect immediately prior to (A) the Change of Control or (B) Employee’s termination, whichever is greater) plus an amount equal to 150% of Employee’s
target annual bonus (for the year in which the termination or Change of Control occurs, whichever is greater). For the avoidance of doubt, if (x) Employee incurred a termination prior to a Change of Control that qualifies Employee for severance
payments under Section 3(a)(i); and (y) a Change of Control occurs within three (3) months following Employee’s termination of employment that qualifies Employee for the superior benefits under this Section 3(b)(i), then
Executive shall be entitled to a lump-sum payment of the amount calculated under this Section 3(b)(i), less amounts already paid under Section 3(a)(i). 
 (ii) Equity Compensation Acceleration. One hundred percent (100%) of the Equity Compensation Awards shall immediately vest and become exercisable. Any Company stock options and stock
appreciation rights shall thereafter remain exercisable following Employee’s employment termination for the period prescribed in the respective option and stock appreciation right agreements. 

(iii) Continued Employee Benefits. If Employee elects continuation coverage pursuant COBRA within the time period prescribed
pursuant to COBRA for Employee and Employee’s eligible dependents, then the Company shall reimburse Employee for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Employee’s termination) until the
earlier of (A) a period of eighteen (18) months from the date of termination, or (B) the date upon which Employee and/or Employee’s eligible dependents become covered under similar plans. The reimbursements shall be made by the
Company to Employee consistent with the Company’s normal expense reimbursement policy. 
 (c) Disability; Death. If
the Company terminates Employee’s employment as a result of Employee’s Disability, or Employee’s employment terminates due to his death, then 100% of Employee’s Equity Compensation Awards shall immediately vest, and, if
applicable, become exercisable. If such termination should occur outside of the Change of Control Period, Employee shall not be entitled to receive any other severance or other benefits, except for those (if any) as may then be established under the
Company’s then existing written severance and benefits plans and practices or pursuant to other written agreements with the Company. 
 (d) Voluntary Resignation; Termination for Cause. If Employee’s employment with the Company terminates (i) voluntarily by Employee other than for Good Reason, or (ii) for Cause by
the Company, then Employee shall not be entitled to receive severance or other benefits, except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other
written agreements with the Company. 
 4. Conditional Nature of Severance Payments and Benefits. 

(a) Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement
is subject to Employee signing and not revoking a separation agreement and release of claims in substantially the form attached hereto as Exhibit A (the “Release”), which must become effective and irrevocable no later
than the sixtieth (60th) day

  
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following Employee’s termination of employment (the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline,
Employee shall forfeit any right to severance payments or benefits under this Agreement. In no event shall severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable. Any severance payments
or benefits under this Agreement will be paid, or, in the case of installments, will commence, on the first regularly scheduled payroll date following the date the Release becomes effective and irrevocable, or if later, such time as required by
Section 4(e). Except as required by Section 4(e), any installment payments that would have been made to Employee following his termination of employment but for the preceding sentence will be paid to Employee on the first regularly
scheduled payroll date following the date the Release becomes effective and irrevocable and the remaining payments will be made as provided in the Agreement. 
 (b) Noncompete. During the term of Employee’s employment and for twelve (12) months following the date of termination of such employment for any reason, Employee agrees to adhere to the
noncompete restrictions set forth in Section 7 of the At-Will Employment, Proprietary Information, Invention Assignment, and Arbitration Agreement effective as of May 7, 2013, between the Company and Employee, as such agreement may be
amended from time to time (the “Confidentiality Agreement”). 
 (c)
Nonsolicitation/Nondisparagement. In the event of the termination of Employee’s employment for any reason, Employee shall, for a period of twelve (12) months adhere to the nonsolicitation restrictions set forth in Section 6 of
the Confidentiality Agreement. In addition, Employee agrees to refrain from any disparagement, defamation, libel, or slander of any of the Company or any of its affiliates or subsidiaries, the Board or management personnel of the Company or any of
its affiliates or subsidiaries, and agrees to refrain from any tortious interference with the contracts and relationships of the Company or any of its affiliates or subsidiaries. 

(d) Confidentiality Agreement. Employee’s receipt of any payments or benefits under Section 3 shall be subject to
Employee continuing to comply with the terms of the Confidentiality Agreement. 
 (e) Section 409A. 

(i) Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to Employee, if any,
pursuant to this Agreement that, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and the final regulations and any guidance promulgated thereunder (“Section 409A”) (together, the “Deferred Payments”) shall be paid or otherwise provided until
Employee has a “separation from service” within the meaning of Section 409A. Similarly, no severance payable to Employee, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A pursuant to Treasury
Regulation Section 1.409A-1(b)(9) shall be payable until Employee has a “separation from service” within the meaning of Section 409A. 

  
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 (ii) It is intended that none of the severance payments under this
Agreement shall constitute “Deferred Payments” but rather shall be exempt from Section 409A as a payment that would fall within the “short-term deferral period” as described in Section 4(e)(iv) below or
resulting from an involuntary separation from service as described in Section 4(e)(v) below. However, any severance payments or benefits under this Agreement that would be considered Deferred Payments shall be paid on, or, in the
case of installments, shall not commence until, the sixtieth (60th) day following Employee’s separation from service, or, if later, such time as required by Section 4(e)(iii). Except as required by Section 4(e)(iii), any installment
payments that would have been made to Employee during the sixty (60) day period immediately following Employee’s separation from service but for the preceding sentence shall be paid to Employee on the sixtieth (60th) day following Employee’s separation from service and the
remaining payments shall be made as provided in this Agreement. 
 (iii) Notwithstanding anything to the contrary in this
Agreement, if Employee is a “specified employee” within the meaning of Section 409A at the time of Employee’s termination (other than due to death), then the Deferred Payments, if any, that are payable within the first six
(6) months following Employee’s separation from service, shall become payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Employee’s separation from
service. All subsequent Deferred Payments, if any, shall be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Employee dies following Employee’s separation
from service, but before the six (6) month anniversary of the separation from service, then any payments delayed in accordance with this paragraph shall be payable in a lump sum as soon as administratively practicable after the date of
Employee’s death and all other Deferred Payments shall be payable in accordance with the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment
under Section 1.409A-2(b)(2) of the Treasury Regulations. 
 (iv) Any amount paid under this Agreement that satisfies the
requirements of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Payments for purposes of clause (i) above. 

(v) Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant
to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) shall not constitute Deferred Payments for purposes of clause (i) above. 

(vi) The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments
and benefits to be provided hereunder shall be subject to the additional tax imposed under Section 409A, and any ambiguities herein shall be interpreted to so comply. The Company and Employee agree to work together in good faith to consider
amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition before actual payment to Employee under Section 409A. 

  
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 5. Golden Parachute Excise Tax Best Results. In the event that the severance and
other benefits provided for in this agreement or otherwise payable to Employee (a) constitute “parachute payments” within the meaning of Code Section 280G and (b) would be subject to the excise tax imposed by Code
Section 4999, then such benefits shall be either: 
  

	 	(i)	delivered in full, or 

  

	 	(ii)	delivered as to such lesser extent which would result in no portion of such severance benefits being subject to excise tax under Section 4999 of the Code,

 whichever of the foregoing amounts, taking into account the applicable federal, state and local income and employment taxes and
the excise tax imposed by Code Section 4999, results in the receipt by Employee, on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under Code Section 4999.
Unless the Company and Employee otherwise agree in writing, the determination of Employee’s excise tax liability and the amount required to be paid under this Section 5 shall be made in writing by the Company’s independent
auditors who are primarily used by the Company immediately prior to the Change of Control (the “Accountants”). For purposes of making the calculations required by this Section 5, the Accountants may make
reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Code Sections 280G and 4999. The Company and Employee shall furnish to the Accountants
such information and documents as the Accountants may reasonably request in order to make a determination under this Section 5. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations
contemplated by this Section 5. Any reduction in payments and/or benefits required by this Section 5 shall occur in the following order: (i) reduction of cash payments; (ii) reduction of vesting acceleration of
Equity Compensation Awards; and (iii) reduction of other benefits paid or provided to Employee. In the event that acceleration of vesting of Equity Compensation Awards is to be reduced, such acceleration of vesting shall be cancelled in the
reverse order of the date of grant for the Equity Compensation Awards. If two or more Equity Compensation Awards are granted on the same date, each award shall be reduced on a pro-rata basis. 

6. Definition of Terms. The following terms referred to in this Agreement shall have the following meanings: 

(a) Cause. “Cause” shall mean any of the following occurring during Employee’s employment by the
Company (except with respect to clause (v) below): (i) material personal dishonesty by Employee involving Company business or participation in a fraud against the Company, or breach of Employee’s fiduciary duty to Company;
(ii) indictment or conviction of a felony or other crime involving moral turpitude or dishonesty; (iii) Employee’s willful material refusal to comply with the lawful requests made of Employee by the Board reasonably related to his
employment by the Company and the performance of his duties with respect thereto (but which shall not include a request to waive or amend any portion of this Agreement or terminate this Agreement or to consent to an action that would result in
Employee’s loss of a right under this Agreement); 

  
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 (iv) material violation of the Company’s policies, after written notice to Employee and an
opportunity to be heard by the Board and his failure to fully cure such violations within a reasonable period of time of not less than thirty (30) days after such hearing; (v) threats or acts of violence in the workplace;
(vi) unlawful harassment in the course of any business activity of any employee or independent contractor of the Company; (vii) theft or unauthorized conversion by or transfer of any Company asset or business opportunity to Employee or any
third party; and (viii) a material breach by Employee of any material provision of this Agreement or any other agreement with the Company after written notice to Employee and an opportunity to be heard by the Board and his failure to fully cure
such breach within a reasonable period of time of not less than thirty (30) days after such hearing. 
 (b) Change of
Control. “Change of Control” shall mean the occurrence of any of the following events: 
 (i) Change in
Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that,
together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company; or 
 (ii) Change in Effective Control of the Company. A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve
(12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in
effective control of the Company, the acquisition of additional control of the Company by the same Person shall not be considered a Change of Control; or 
 (iii) Change in Ownership of a Substantial Portion of the Company’s Assets. A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any
Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the
total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the
assets being disposed of, determined without regard to any liabilities associated with such assets. 
 For these purposes,
persons shall be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

Notwithstanding the foregoing provisions of this definition, a transaction shall not be deemed a Change of Control unless the transaction
qualifies as a change in control event within the meaning of Section 409A. 

  
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 (c) Disability. “Disability” shall mean that Employee has
been unable to perform his Company duties as the result of Employee’s incapacity due to physical or mental illness, and such inability, at least twenty-six (26) weeks after its commencement, is determined to be total and permanent by a
physician selected by the Company or its insurers and acceptable to Employee or Employee’s legal representative (such Agreement as to acceptability not to be unreasonably withheld). Termination resulting from Disability may only be effected
after at least thirty (30) days’ written notice by the Company of its intention to terminate Employee’s employment. In the event that Employee resumes the performance of substantially all of his duties hereunder before the termination
of his employment becomes effective, the notice of intent to terminate shall automatically be deemed to have been revoked. 

(d) Good Reason. “Good Reason” means Employee’s resignation within ninety (90) days following
the expiration of any Company cure period as applicable (discussed below) following the occurrence of one or more of the following, without Employee’s express written consent: 

(i) a material reduction of or change in Employee’s authority, responsibilities, or titles, relative to Employee’s authority
or responsibilities in effect immediately prior to such reduction, or, a change in the Employee’s reporting position such that Employee no longer reports directly to the Board of Directors of the Company. Any change which results in
Employee’s ceasing to serve as Chairman and Chief Executive Officer of a publicly held company (other than as the result of his voluntary resignation not at the request of the successor or its parent) shall be deemed to constitute a material
change or reduction in Employee’s authority and responsibilities constituting grounds for a Good Reason termination; or 

(ii) a material reduction of Employee’s base compensation (in other words, a material reduction in Employee’s base salary or
bonus or benefits) as in effect immediately prior to such reduction, other than reductions implemented as part of an overall Company-wide reduction program that is applied similarly to all executive officers and is no more than 20%; or 

(iii) a material change in the geographic location at which Employee must perform services (in other words, Employee’s relocation
to a facility or an office location more than a 50-mile radius from Employee’s then current location); or 
 (iv) a
material breach by the Company of a material provision of this Agreement; or 
 (v) a Change of Control. 

Notwithstanding the foregoing, but limited to the circumstances described above in subsections (d)(i) – (d)(iv) of this Section 6, Employee
agrees not to resign for Good Reason without first providing the Company with written notice of the acts or omissions constituting the grounds for Good Reason within ninety (90) days of the initial existence of the grounds for Good Reason
and a reasonable cure period of thirty (30) days following the date of such notice. 

  
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 7. Successors. 

(a) The Company’s Successors. Unless Employee in his sole discretion determines otherwise, any successor to the Company
(whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under this Agreement and agree expressly to
perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. The Company shall provide Employee a reasonable period of time prior
to the consummation of any transaction to determine whether any successor will assume the obligations under this Agreement. For all purposes under this Agreement, the term “Company” shall include any successor to the
Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation of law. 

(b) Employee’s Successors. The terms of this Agreement and all rights of Employee hereunder shall inure to the benefit of,
and be enforceable by, Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 8. Notice. 
 (a) General. All notices and other communications
required or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given upon receipt or, if earlier, (a) five (5) days after deposit with the U.S. Postal Service or other applicable
postal service, if delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid
or (d) one (1) business day after the business day of facsimile transmission, if delivered by facsimile transmission with copy by first class mail, postage prepaid, and shall be addressed (i) if to Employee, at his last known
residential address and (ii) if to the Company, at the address of its principal corporate offices (attention: Secretary), or in any such case at such other address as a party may designate by ten (10) days’ advance written notice to
the other party pursuant to the provisions above. 
 (b) Notice of Termination. Any termination by the Company for Cause
or by Employee for Good Reason or Disability or as a result of a voluntary resignation shall be communicated by a notice of termination to the other party hereto given in accordance with Section 8(a) above. Such notice shall indicate the
specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which
shall be not more than thirty (30) days after the giving of such notice). The failure by Employee to include in the notice any fact or circumstance which contributes to a showing of Good Reason or Disability shall not waive any right of
Employee hereunder or preclude Employee from asserting such fact or circumstance in enforcing his rights hereunder. 

  
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 9. Miscellaneous Provisions. 

(a) No Duty to Mitigate. Employee shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor
shall any such payment be reduced by any earnings that Employee may receive from any other source. 
 (b) Waiver. No
provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Employee and by an authorized officer of the Company (other than Employee). No waiver by either
party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(c) Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of
this Agreement. 
 (d) Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto and
supersedes all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter hereof. 

(e) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of
the State of Utah, without regard to the choice-of-law provisions. The Utah state courts in Salt Lake County, Utah and/or the United States District Court for the District of Utah, located in Salt Lake City, Utah, shall have exclusive jurisdiction
and venue over all controversies relating to or arising out of this Agreement. Employee hereby expressly consents to the exclusive jurisdiction and venue of the state courts in Salt Lake County, Utah and/or the United States District Court for the
District of Utah, located in Salt Lake City, Utah for any disputes arising out of or relating to this Agreement. 
 (f)
Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(g) Tax Withholding. All payments made pursuant to this Agreement shall be subject to withholding of applicable income and
employment taxes. 
 (h) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 [Remainder of Page Intentionally Left
Blank] 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the
case of the Company by its duly authorized officer, to be effective as of the Effective Date. 
  

							
	COMPANY	 		 	FUSION-IO, INC.
				
		 		 	By:	 	/s/ H. Raymond Bingham
		 		 		 	 H. Raymond Bingham
 Chairman of
the Compensation Committee

  

							
	EMPLOYEE 	 		 	By:	 	/s/ Shane V Robison
		 		 		 	 Shane V Robison
 Chief
Executive Officer, President and
 Chairman of the Board of Directors

  
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 EXHIBIT A 

RELEASE OF CLAIMS 
 THIS RELEASE OF CLAIMS (this “Agreement”) is made by and between Fusion-io, Inc. (the “Company”), and Shane V Robison
(“Employee”). The Company and Employee are sometimes collectively referred to herein as the “Parties” and individually referred to as a “Party”. 

RECITALS 

WHEREAS, Employee was employed by the Company until
                 , 20__, when Employee’s employment was terminated (“Termination Date”); 

WHEREAS, Employee signed an At-Will Employment, Proprietary Information, Invention Assignment, and Arbitration Agreement
with the Company, effective as of May 7, 2013 (the “Proprietary Rights Agreement”); 

WHEREAS, in accordance with Section 3(a) of that certain Involuntary Termination Severance Agreement between the
Company and Employee, effective as of May 7, 2013 (the “Severance Agreement”), Employee has agreed to enter into and not revoke a standard release of claims in favor of the Company as a condition to receiving the
severance benefits described in the Severance Agreement; and 
 WHEREAS, the Parties wish to resolve any and all
disputes, claims, complaints, grievances, charges, actions, petitions and demands that Employee may have against the Company and any of the Releasees (as defined below), including, but not limited to, any and all claims arising out of or in any way
related to Employee’s employment relationship with the Company and the termination of that relationship. 
 NOW
THEREFORE, for good and valuable consideration, including the mutual promises and covenants made herein, the Company and Employee hereby agree as follows: 
 COVENANTS 
 1. Termination. Employee’s employment with the
Company terminated on the Termination Date. 
 2. Payment of Salary and Receipt of All Benefits. Employee acknowledges
and represents that, other than the consideration to be paid in accordance with the terms and conditions of the Severance Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves,
housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, draws, stock, stock options or other equity awards (including restricted stock unit awards), vesting, and any and all other
benefits and compensation due to Employee and that no other reimbursements or compensation are owed to Employee. 
 3.
Release of Claims. Employee agrees that the consideration to be paid in accordance with the terms and conditions of the Severance Agreement represents settlement in full of all outstanding obligations owed to Employee by the Company and its
current and former officers, directors, employees, agents, investors, attorneys, stockholders, administrators, affiliates, benefit plans, plan administrators, insurers, trustees, divisions, and subsidiaries, and predecessor and successor
corporations and assigns (collectively, the “Releasees”). Employee, on Employee’s own behalf and on behalf of Employee’s respective heirs, family members, executors, agents, and assigns, hereby and forever releases
the Releasees from, and agrees not to sue concerning, or in any manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, 

 
obligation, demand, or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Employee may possess against any of the Releasees
arising from any omissions, acts, facts, or damages that have occurred up until and including the Effective Date of this Agreement, including, without limitation the following: 

(a) any and all claims relating to or arising from Employee’s employment relationship with the Company and the termination of that
relationship; 
 (b) any and all claims relating to, or arising from, Employee’s right to purchase, or actual purchase of
shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 

(c) any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; harassment;
retaliation; breach of contract, both express and implied; breach of covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; fraud; negligent or intentional
misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment;
conversion; and disability benefits; 
 (d) any and all claims for violation of any federal, state, or municipal statute,
including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Rehabilitation Act of 1973; the Americans with Disabilities Act of 1990; the Equal Pay Act; the Fair Labor Standards Act; the Fair
Credit Reporting Act; the Age Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 1974; the Worker Adjustment and Retraining Notification Act; the Family and Medical
Leave Act; the Sarbanes-Oxley Act of 2002; the Utah Antidiscrimination Act; the California Family Rights Act; the California Equal Pay Law; the California Unruh Civil Rights Act; the California Workers’ Compensation Act; the California Labor
Code; and the California Fair Employment and Housing Act; 
 (e) any and all claims for violation of the federal, or any state,
constitution; 
 (f) any and all claims arising out of any other laws and regulations relating to employment or employment
discrimination; 
 (g) any claim for any loss, cost, damage, or expense arising out of any dispute over the nonwithholding or
other tax treatment of any of the proceeds received by Employee as a result of this Agreement; and 
 (h) any and all claims for
attorneys’ fees and costs. 
 Employee agrees that the release set forth in this Section 3 (the
“Release”) shall be and remain in effect in all respects as a complete general release as to the matters released. The Release does not extend to any severance obligations due Employee under the Severance Agreement. The
Release does not release claims that cannot be released as a matter of law, including, but not limited to, Employee’s right to file a charge with or participate in a charge by the Equal Employment Opportunity Commission, or any other local,
state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment, against the Company (with the understanding that any such filing or participation does not give Employee the right to
recover any monetary damages against the Company; Employee’s release of claims herein bars Employee from recovering such monetary relief from the Company). Employee represents that 

  
 -2-

 
Employee has made no assignment or transfer of any right, claim, complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section 3.
Nothing in this Agreement waives Employee’s (i) rights under that certain Indemnification Agreement between the Company and Employee, effective as of June 16, 2011 (the “Indemnification Agreement”), or
(ii) rights to indemnification or any payments under any fiduciary insurance policy, if any, provided by any act or agreement of the Company, state or federal law or policy of insurance. 

4. Acknowledgment of Waiver of Claims under ADEA. Employee acknowledges that Employee is waiving and releasing any rights Employee
may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Employee agrees that this waiver and release does not apply to any rights or claims that may
arise under the ADEA after the Effective Date of this Agreement. Employee acknowledges that the consideration given for this waiver and release Agreement is in addition to anything of value to which Employee was already entitled. Employee further
acknowledges that Employee has been advised by this writing that (a) Employee should consult with an attorney prior to executing this Agreement; (b) Employee has at least 21 days within which to consider this Agreement;
(c) Employee has 7 days following the execution of this Agreement by the parties to revoke the Agreement; (d) this Agreement shall not be effective until the revocation period has expired; and (e) nothing in this Agreement prevents or
precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law.
In the event Employee signs this Agreement and delivers it to the Company in less than the 21-day period identified above, Employee hereby acknowledges that Employee has freely and voluntarily chosen to waive the time period allotted for considering
this Agreement. Employee acknowledges and understands that revocation must be accomplished by a written notification to the Chief Legal Officer of the Company that is received prior to the Effective Date. 

5. Unknown Claims. Employee acknowledges that Employee has been advised to consult with legal counsel and that Employee is
familiar with the principle that a general release does not extend to claims that the releaser does not know or suspect to exist in Employee’s favor at the time of executing the release, which, if known by Employee, must have materially
affected Employee’s settlement with the releasee. Employee, being aware of this principle, agrees to expressly waive any rights Employee may have to that effect, as well as under any other statute or common law principles of similar effect.

 6. No Pending or Future Lawsuits. Employee represents that Employee has no lawsuits, claims, or actions pending in
Employee’s name, or on behalf of any other person or entity, against the Company or any of the other Releasees. Employee also represents that Employee does not intend to bring any claims on Employee’s own behalf or on behalf of any other
person or entity against the Company or any of the other Releasees. Employee confirms that Employee has no knowledge of any wrongdoing involving improper or false claims against a federal or state governmental agency, or any other wrongdoing that
involves Employee or any other present or former Company employees, including violations of the federal and state securities laws or the Sarbanes-Oxley Act of 2002. 
 7. Confidential Information. Employee reaffirms and agrees to observe and abide by the terms of the Proprietary Rights Agreement, specifically including the provisions therein regarding
nondisclosure of the Company’s trade secrets and confidential and proprietary information, which agreement shall continue in force; provided, however, that: (a) as to any provisions regarding competition contained in the Proprietary
Rights Agreement that conflict with the provisions regarding competition contained in the Severance Agreement, the provisions of the Severance Agreement shall control; (b) as to any provisions regarding solicitation of employees contained in
the Proprietary Rights Agreement that conflict with the provisions regarding solicitation of employees contained in this Agreement, the provisions of this Agreement shall control. 

  
 -3-

 8. Return of Company Property; Passwords and Password-protected Documents. Employee
confirms that Employee has returned to the Company in good working order all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and printers, wireless handheld devices, cellular phones
and pagers), access or credit cards, Company identification, and any other Company-owned property in Employee’s possession or control. Employee further confirms that Employee has cancelled all accounts for Employee’s benefit, if any, in
the Company’s name, including, but not limited to, credit cards, telephone charge cards, cellular phone and/or pager accounts and computer accounts. Employee also confirms that Employee has delivered all passwords in use by Employee at the time
of Employee’s termination, a list of any documents that Employee created or of which Employee is otherwise aware that are password-protected, along with the password(s) necessary to access such password-protected documents. 

9. No Cooperation. Employee agrees that Employee will not knowingly encourage, counsel, or assist any attorneys or their clients
in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court order to do so or as related directly to the ADEA
waiver in this Agreement. Employee agrees both to immediately notify the Company upon receipt of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order. If
approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Employee shall state no more than that Employee cannot provide
any such counsel or assistance. 
 10. Breach. In addition to the rights provided in the Section 11 below,
Employee acknowledges and agrees that any material breach of this Agreement (unless such breach constitutes a legal action by Employee challenging or seeking a determination in good faith of the validity of the waiver herein under the ADEA), or of
any provision of the Proprietary Rights Agreement, shall entitle the Company immediately to recover and/or cease providing the consideration provided to Employee under this Agreement and to obtain damages, except as provided by law, provided,
however, that the Company shall not recover One Hundred Dollars ($100.00) of the consideration already paid pursuant to this Agreement and such amount shall serve as full and complete consideration for the promises and obligations assumed by
Employee under this Agreement and the Proprietary Rights Agreement. 
 11. Attorneys’ Fees. In the event that either
Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party shall be entitled to recover its costs and expenses, including the costs of mediation, arbitration, litigation, court fees, and reasonable
attorneys’ fees incurred in connection with such an action. 
 12. No Admission of Liability. Employee understands
and acknowledges that this Agreement constitutes a compromise and settlement of any and all actual or potential disputed claims by Employee. No action taken by the Company hereto, either previously or in connection with this Agreement, shall be
deemed or construed to be (a) an admission of the truth or falsity of any actual or potential claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to Employee or to any third party. 

13. Noncompetition/Nonsolicitation/Nondisparagement. Employee agrees to adhere to the noncompetition and nonsolictiation set forth
in the Proprietary Rights Agreement, and the nondisparagement restrictions set forth in the Severance Agreement. 
 14.
Costs. The Parties shall each bear their own costs, attorneys’ fees and other fees incurred in connection with the preparation of this Agreement. 

  
 -4-

 15. Arbitration. THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS
OF THIS AGREEMENT, THEIR INTERPRETATION, AND ANY OF THE MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN SALT LAKE COUNTY IN THE STATE OF UTAH, BEFORE JUDICIAL ARBITRATION & MEDIATION SERVICES (“JAMS”),
PURSUANT TO ITS EMPLOYMENT ARBITRATION RULES & PROCEDURES (“JAMS RULES”). THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN
ACCORDANCE WITH UTAH LAW, INCLUDING THE UTAH RULES OF CIVIL PROCEDURE, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL UTAH LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF ANY JURISDICTION. TO THE EXTENT
THAT THE JAMS RULES CONFLICT WITH UTAH LAW, UTAH LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE, AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION
SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL EACH PAY AN EQUAL SHARE OF THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH PARTY SHALL
SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND EXPENSES; PROVIDED, HOWEVER, THAT THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. THE PARTIES HEREBY AGREE TO WAIVE THEIR RIGHT TO
HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY. NOTWITHSTANDING THE FOREGOING, THIS SECTION 15 WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING
JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR DISPUTE RELATING TO THIS AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT CONTAINED IN THIS PARAGRAPH CONFLICT WITH ANY OTHER
ARBITRATION AGREEMENT BETWEEN THE PARTIES, THE PARTIES AGREE THAT THIS ARBITRATION AGREEMENT SHALL GOVERN. 
 16.
Authority. The Company represents and warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it to the terms and conditions of this Agreement. Employee represents
and warrants that Employee has the capacity to act on Employee’s own behalf and on behalf of all who might claim through Employee to bind them to the terms and conditions of this Agreement. Each Party warrants and represents that there are no
liens or claims of lien or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein. 
 17. No Representations. Employee represents that Employee has had the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this
Agreement. Employee has relied upon any representations or statements made by the Company that are not specifically set forth in this Agreement. 
 18. Severability. In the event that any provision or any portion of any provision hereof or any surviving agreement made a part hereof becomes or is declared by a court of competent jurisdiction or
arbitrator to be illegal, unenforceable, or void, this Agreement shall continue in full force and effect without said provision or portion of provision. 
 19. Entire Agreement. This Agreement represents the entire agreement and understanding between the Company and Employee concerning the subject matter of this Agreement and Employee’s
employment with and separation from the Company and the events leading thereto and associated therewith, and supersedes and replaces any and all prior agreements and understandings concerning the subject matter of this Agreement and Employee’s
relationship with the Company, with the exception of the Proprietary Rights Agreement, the Severance Agreement, the Indemnification Agreement, and Employee’s written equity compensation agreements with the Company. 

  
 -5-

 20. No Oral Modification. This Agreement may only be amended in writing signed by
Employee and the Chairman of the Compensation Committee of the Board of Directors of the Company. 
 21. Governing Law.
The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Utah, without regard to the choice-of-law provisions. The Utah state courts located in Salt Lake County, Utah and/or the
United States District Court for the District of Utah, located in Salt Lake City, Utah, shall have exclusive jurisdiction and venue over all controversies relating to or arising out of this Agreement. Employee hereby expressly consents to the
exclusive jurisdiction and venue of the Utah state courts in Salt Lake County, Utah and/or the United States District Court for the District of Utah for any disputes arising out of or relating to this Agreement. 

22. Effective Date. Employee understands that this Agreement shall be null and void if not executed by Employee within 21
days. Each Party has seven days after that Party signs this Agreement to revoke it. This Agreement will become effective on the eighth (8th) day after Employee signed this Agreement, so long as it has been signed by the Parties and has not
been revoked by either Party before that date (the “Effective Date”). 
 23. Counterparts. This
Agreement may be executed in counterparts and by facsimile, and each counterpart and facsimile shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned.

 24. Voluntary Execution of Agreement. Employee understands and agrees that Employee executed this Agreement
voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of Employee’s claims against the Company and any of the other Releasees. Employee expressly
acknowledges that: 
  

	 	(a)	Employee has read this Agreement; 

  

	 	(b)	Employee has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of Employee’s own choice or has elected not to
retain legal counsel; 

  

	 	(c)	Employee understands the terms and consequences of this Agreement and of the releases it contains; and 

 

	 	(d)	Employee is fully aware of the legal and binding effect of this Agreement. 

 [Signature Page Follows] 

  
 -6-

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective
dates set forth below. 
  

							
	COMPANY	 		 	FUSION-IO, INC.
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
				
		 		 	Dated:	 	 
		 		 		 	
	EMPLOYEE	 		 	Shane V Robison, an individual
			
		 		 	  

		 		 		 	(Signature)
				
		 		 	Dated:	 	 

 [Signature Page to Release of Claims]EX-10.3

 Exhibit 10.3 
 SEPARATION AGREEMENT AND RELEASE OF CLAIMS 
 THIS SEPARATION AGREEMENT
AND RELEASE OF CLAIMS (this “Agreement”) is made by and between Fusion-io, Inc. (the “Company”), and David Flynn (“Employee”). The Company and Employee are sometimes
collectively referred to herein as the “Parties” and individually referred to as a “Party”. 
 RECITALS 
 WHEREAS, Employee resigned from his employment
with the Company on May 7, 2013 (“Resignation Date”); 
 WHEREAS,
Employee is a party to the Second Amended and Restated Employment Agreement by and between the Company, Employee and Sandusky Investments, Ltd., dated April 7, 2010, as most recently amended on December 21, 2012 (the
“Employment Agreement”) pursuant to which Employee is entitled to receive certain severance and post-termination benefits; 
 WHEREAS, Employee signed a Proprietary Information and Invention Assignment Agreement with the Company on June 1, 2006, (the “Proprietary Rights Agreement”) and
signed an Inventor Assignment Agreement on February 16, 2010 (the “Inventor Agreement”); and 

WHEREAS, Employee received awards of stock options and restricted stock units to acquire the Company’s common stock as
set forth on Exhibit A attached hereto (collectively the “Equity Awards”), which are subject to the terms and conditions of the applicable Company equity compensation plan and the applicable award agreements
memorializing each such Equity Award (collectively, the “Equity Agreements”); and 

WHEREAS, the Parties wish to resolve any and all disputes, claims, complaints, grievances, charges, actions, petitions and
demands that Employee may have against the Company and any of the Releasees (as defined below), including, but not limited to, any and all claims arising out of or in any way related to Employee’s employment relationship with the Company and
the termination of that relationship. 
 NOW THEREFORE, for good and valuable consideration, including the mutual
promises and covenants made herein, the Company and Employee hereby agree as follows: 
 COVENANTS 

1. Termination. Employee’s employment with the Company terminated on the Resignation Date. In addition, Employee agrees to
resign as an officer or director of any Company subsidiary or affiliate and agrees to execute such documentation and take other reasonable actions requested by the Company to effectuate the same. 

 2. Consideration. 

a. Cash Severance. In accordance with Section 8(d)(ii) of the Employment Agreement, the Company agrees to pay Employee cash
severance in the total amount of Five Hundred Thousand Dollars ($500,000), less applicable withholding, at the rate of $41,666.67 per month, less applicable withholding, for a period of twelve (12) months from the Company’s first payroll
period following the thirtieth (30th) day following the Resignation Date, in accordance with the Company’s regular payroll practices and subject to this Agreement being effective. 

b. Prorata Bonus Payment. The Company agrees to pay Employee his 2013 annual bonus to the extent the applicable Company
performance criteria as applied to all executives are satisfied prorated based upon the number of days Employee was employed in fiscal year 2013 through the Resignation Date divided by 365. To the extent the Company determines to pay annual bonuses
for fiscal year 2013 to other Company executives notwithstanding that some or all of the performance goals are not achieved, then the Company will also pay Employee an annual bonus for fiscal year 2013 in such amount using the same criteria that is
used to determine annual bonuses for other Company executives. This prorated annual bonus shall be paid to Employee at the same time as annual bonuses are paid to the Company’s other executive employees. For avoidance of doubt, this paragraph
will not apply to any incentive, retention or other bonuses that are unrelated to the payment of an annual bonus for fiscal year 2013. 
 c. Equity Acceleration. In accordance with Section 4(b) of the Employment Agreement and certain actions taken by the Board of Directors (the “Board”) or the
Compensation Committee of the Company’s Board of Directors (the “Committee”) in connection with the approval of these Equity Awards, on the Effective Date Employee will vest in the number of shares of Company common
stock subject to each outstanding Equity Award that would have vested had he continued to provide services to the Company through the twelve (12)-month anniversary of the Resignation Date (or, if lesser, the total number of shares of Company common
stock subject to each such outstanding Equity Award as of the Resignation Date). The total number of shares subject to each outstanding Equity Award that are vested as of the Resignation Date is set forth on Exhibit A attached hereto.
Except as amended by this Section 2.c., the Equity Awards shall remain subject to the terms and conditions of the Equity Agreements. 
 d. COBRA Reimbursements. In accordance with Section 5 of the Employment Agreement, if Employee timely elects continued coverage under the Consolidated Omnibus Budget Reconciliation Act of
1985, as amended (“COBRA”), the Company will reimburse Employee for the cost of the COBRA premiums for Employee and his eligible dependents (the “COBRA Premiums”) sufficient to maintain their group
health insurance coverage in effect as of the Resignation Date for up to eighteen (18) months following the Resignation Date or until Employee and his eligible dependents are covered under another employer’s program, whichever is earlier
(the “COBRA Premiums Period”). Reimbursements for COBRA Premiums shall be made by the Company to Employee consistent with the Company’s normal expense reimbursement policy, provided that Employee submits

  
 - 2 -

 
documentation to the Company substantiating his payments for COBRA coverage, with such reimbursement occurring within thirty (30) days of Employee’s submission of said documentation.
Notwithstanding the foregoing, if, during the COBRA Premiums Period, the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation,
Section 2716 of the Public Health Service Act), the Company instead shall pay to Employee, on the last day of each applicable month, a cash payment equal to the applicable COBRA Premiums for that month (including premiums for Employee and his
eligible dependents), subject to applicable tax withholdings (such amount, the “Special Cash Payment”), during the remaining portion of the COBRA Premiums Period. Employee may, but is not obligated to, use such Special Cash
Payment toward the cost of COBRA premiums. 
 e. Post-Employment Advisory Services. The Company agrees to retain Employee
as an Advisor to provide advisory services to the Company (the “Advisory Services”) as an independent contractor pursuant to the terms of the Advisory Agreement attached hereto as Exhibit B (the
“Advisory Agreement”). Nothing in this Agreement or the Advisory Agreement shall in any way be construed to constitute Employee as a continuing agent, officer, employee, or representative of the Company after the Resignation
Date, but Employee shall perform the services under the Advisory Agreement solely as an independent contractor. The term during which the Advisory Services are provided is hereinafter referred to as the “Advisory Term.”

 f. Acknowledgement. Employee specifically acknowledges and agrees that the consideration provided to him hereunder
fully satisfies any obligation that the Company had to pay Employee wages or any other compensation for any of the services that Employee rendered to the Company, that the amount paid is in excess of any disputed wage claim that Employee may have,
that the consideration paid shall be deemed to be paid first in satisfaction of any disputed wage claim with the remainder sufficient to act as consideration for the release of claims set forth herein, and that Employee has not earned and is not
entitled to receive any additional wages or other form of compensation from the Company 
 3. Supplemental Release. Upon
termination of the Advisory Agreement, Employee agrees to execute the Supplemental Release attached hereto as Exhibit C. Employee acknowledges and agrees that the continued vesting of the Equity Awards during the Advisory Term is
expressly conditioned upon his signing and not revoking the Supplemental Release within the time frame set forth therein. 
 4.
Payment of Salary and Receipt of All Benefits. Employee acknowledges and represents that, other than the consideration to be paid in accordance with the terms and conditions of the Employment Agreement, the Company has paid or provided all
salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, draws, stock, stock options or other equity awards
(including restricted stock unit awards), vesting, and any and all other benefits and compensation due to Employee and that no other reimbursements or compensation are owed to Employee. 

  
 - 3 -

 5. Release of Claims. Employee agrees that the consideration to be paid in accordance
with the terms and conditions described in Section 2 represents settlement in full of all outstanding obligations owed to Employee by the Company and its current and former officers, directors, employees, agents, investors, attorneys,
stockholders, administrators, affiliates, benefit plans, plan administrators, insurers, trustees, divisions, and subsidiaries, and predecessor and successor corporations and assigns (collectively, the “Releasees”). Employee,
on Employee’s own behalf and on behalf of Employee’s respective heirs, family members, executors, agents, and assigns, hereby and forever releases the Releasees from, and agrees not to sue concerning, or in any manner to institute,
prosecute, or pursue, any claim, complaint, charge, duty, obligation, demand, or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Employee may possess against any of the
Releasees arising from any omissions, acts, facts, or damages that have occurred up until and including the Effective Date of this Agreement, including, without limitation the following: 

(a) any and all claims relating to or arising from Employee’s employment relationship with the Company and the termination of that
relationship; 
 (b) any and all claims relating to, or arising from, Employee’s right to purchase, or actual purchase of
shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; 

(c) any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; harassment;
retaliation; breach of contract, both express and implied; breach of covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; fraud; negligent or intentional
misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment;
conversion; and disability benefits; 
 (d) any and all claims for violation of any federal, state, or municipal statute,
including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Rehabilitation Act of 1973; the Americans with Disabilities Act of 1990; the Equal Pay Act; the Fair Labor Standards Act; the Fair
Credit Reporting Act; the Age Discrimination in Employment Act of 1967; the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 1974; the Worker Adjustment and Retraining Notification Act; the Family and Medical
Leave Act; the Sarbanes-Oxley Act of 2002; the Utah Antidiscrimination Act; 
 (e) any and all claims for violation of the
federal, or any state, constitution; 
 (f) any and all claims arising out of any other laws and regulations relating to
employment or employment discrimination; 
 (g) any claim for any loss, cost, damage, or expense arising out of any dispute over
the nonwithholding or other tax treatment of any of the proceeds received by Employee as a result of this Agreement; and 

  
 - 4 -

 (h) any and all claims for attorneys’ fees and costs. 

Employee agrees that the release set forth in this Section 5 (the “Release”) shall be and remain in effect in all
respects as a complete general release as to the matters released. The Release does not extend to any severance obligations due Employee under the Employment Agreement as memorialized under Section 2 under of this Agreement. The Release does
not release claims that cannot be released as a matter of law, including, but not limited to, Employee’s right to file a charge with or participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or
federal administrative body or government agency that is authorized to enforce or administer laws related to employment, against the Company (with the understanding that any such filing or participation does not give Employee the right to recover
any monetary damages against the Company; Employee’s release of claims herein bars Employee from recovering such monetary relief from the Company). Employee represents that Employee has made no assignment or transfer of any right, claim,
complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section 5. Nothing in this Agreement waives Employee’s (i) rights under that certain Indemnification Agreement between the
Company and Employee, dated as of June 22, 2010 (the “Indemnification Agreement”), or (ii) rights to indemnification or any payments under any fiduciary insurance policy, if any, provided by any act, agreement,
Certificate of Incorporation or Bylaws of the Company, state or federal law or policy of insurance. 
 6. Acknowledgment of
Waiver of Claims under ADEA. Employee acknowledges that Employee is waiving and releasing any rights Employee may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is
knowing and voluntary. Employee agrees that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date of this Agreement. Employee acknowledges that the consideration given for this waiver
and release Agreement is in addition to anything of value to which Employee was already entitled. Employee further acknowledges that Employee has been advised by this writing that (a) he should consult with an attorney prior to
executing this Agreement; (b) Employee has at least 21 days within which to consider this Agreement; (c) Employee has 7 days following the execution of this Agreement by the parties to revoke the Agreement; (d) this Agreement shall
not be effective until the revocation period has expired; and (e) nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it
impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law. In the event Employee signs this Agreement and delivers it to the Company in less than the 21-day period identified above, Employee
hereby acknowledges that Employee has freely and voluntarily chosen to waive the time period allotted for considering this Agreement. Employee acknowledges and understands that revocation must be accomplished by a written notification to the Chief
Legal Officer of the Company that is received prior to the Effective Date. 
 7. Unknown Claims. Employee acknowledges
that Employee has been advised to consult with legal counsel and that Employee is familiar with the principle that a general release does not extend to claims that the releaser does not know or suspect to exist in his or her favor at the time of
executing the release, which, if known by him or her, must have materially affected his or her settlement with the releasee. Employee, being aware of this principle, agrees to expressly waive any rights Employee may have to that effect, as well as
under any other statute or common law principles of similar effect. 

  
 - 5 -

 8. No Pending or Future Lawsuits. Employee represents that Employee has no lawsuits,
claims, or actions pending in Employee’s name, or on behalf of any other person or entity, against the Company or any of the other Releasees. Employee also represents that Employee does not intend to bring any claims on Employee’s own
behalf or on behalf of any other person or entity against the Company or any of the other Releasees. Employee confirms that Employee has no knowledge of any wrongdoing involving improper or false claims against a federal or state governmental
agency, or any other wrongdoing that involves Employee or any other present or former Company employees, including violations of the federal and state securities laws or the Sarbanes-Oxley Act of 2002. 

9. Confidential Information. Employee reaffirms and agrees to observe and abide by the terms of the Proprietary Rights Agreement
and the Inventor Agreement, specifically including the provisions therein regarding nondisclosure of the Company’s trade secrets and confidential and proprietary information and the non-compete provision in paragraph 7, which agreement shall
continue in force; provided, however, that: paragraph 6 of the Proprietary Rights Agreement is expressly superseded and replaced by paragraph 10 herein. In addition, Employee agrees to cooperate to the best of his ability in post-grant or
infringement proceedings involving the Company’s intellectual property and further agrees to not challenge or assist another party in challenging the validity or ownership of the Company’s intellectual property. 

10. Nonsolicitation of Employees and Customers. Employee agrees that for a period of twelve (12) months immediately following
the Resignation Date, Employee shall not directly or indirectly solicit any of the Company’s employees to leave their employment at the Company. Employee also agrees that for a period of twelve (12) months immediately following the
Resignation Date, Employee shall not induce, attempt to induce or knowingly encourage any Customer of the Company or any of its affiliates or subsidiaries to divert any business or income from the Company or any of its affiliates or subsidiaries, or
to stop or alter the manner in which they are then doing business with the Company or any of its affiliates or subsidiaries. The term “Customer” shall mean any individual or business firm that is, or within the twelve (12) months
prior to the Resignation Date was, a customer or client of the Company (or any actively sought prospective customers of the Company), whether or not such business was actively solicited by Employee on behalf of the Company or any of its affiliates
or subsidiaries during Employee’s employment. In addition, Employee agrees that for twelve (12) months following the Resignation Date, or if later, through the expiration of the Advisory Term, that before contacting any employees,
Customers, or strategic partners of the Company or its affiliates regarding the Company or its affiliates, he will first contact the Company’s Chief Executive Officer and inform him of the intent to contact any such employees, Customers or
strategic partners and describe the nature and context of the reason for making such contact, and will receive acknowledgement from the Company’s Chief Executive Officer regarding such intent before actually initiating any such contact. For
purposes of clarity, nothing in this Section 10 is intended to limit or reduce Employee’s obligations in Section 9 of this Agreement, including but not limited to the non-compete provision in paragraph 7 of the Proprietary Rights
Agreement. 

  
 - 6 -

 11. Return of Company Property. Employee acknowledges that he has retained only
documents and other items provided to Employee by the Company, developed or obtained by Employee in connection with his employment with the Company, or otherwise belonging to the Company that will assist him in his role as a member of the Board or
his Advisory Services (collectively, the “Retained Property”). Notwithstanding, Employee agrees that upon the later of the date he ceases to be a member of the Board or the expiration of the Advisory Term, he will provide to
the Company a written verification or certification stating that he has complied with the Company’s request to either return to the Company any Retained Property, or deleted such information from his personal computer or any other storage
device that may contain such information, as well as any information stored electronically, in email accounts, or in the cloud. For all Company-owned property in Employee’s possession or control Employee other than the Retained Property
(collectively, the “Non-Retained Property”), Employee confirms that he has returned to the Company in good working order all Non-Retained Property, including, but not limited to, all keys, files, records (and copies thereof),
equipment (including, but not limited to, computer hardware, software and printers, wireless handheld devices, cellular phones and pagers), access or credit cards, Company identification, and any other Company-owned property in Employee’s
possession or control, as applicable. Employee further confirms that Employee has cancelled all accounts for Employee’s benefit, if any, in the Company’s name, including, but not limited to, credit cards, telephone charge cards, cellular
phone and/or pager accounts and computer accounts, other than those accounts that are required for Employee to perform the Advisory Services or his functions as a member of the Board. 

12. No Cooperation. Employee agrees that Employee will not knowingly encourage, counsel, or assist any attorneys or their clients
in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court order to do so or as related directly to the ADEA
waiver in this Agreement. Employee agrees both to immediately notify the Company upon receipt of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order. If
approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Employee shall state no more than that Employee cannot provide
any such counsel or assistance. 
 13. Breach. In addition to the rights provided in the “Attorneys’ Fees”
section below and without limiting the provisions of Section 18 (including seeking potential injunctive relief thereunder), Employee acknowledges and agrees that any material breach of this Agreement (unless such breach constitutes a legal
action by Employee challenging or seeking a determination in good faith of the validity of the waiver herein under the ADEA), or of any provision of the Proprietary Rights Agreement or the Inventor Agreement shall entitle the Company immediately to
recover and/or cease providing the consideration provided to Employee under this Agreement, including the Advisory Agreement, and to obtain damages, except as provided by law, provided, however, that the Company shall not recover One
Hundred Dollars ($100.00) of the consideration already paid pursuant to this Agreement and such amount shall serve as full and complete consideration for the promises and obligations assumed by Employee under this Agreement, the Proprietary Rights
Agreement, and the Inventor Agreement. The Company shall provide Employee written notice specifying the particular event 

  
 - 7 -

 
or actions giving rise to the breach, and only with respect to Employee’s willful failure to comply with the lawful requests made of Employee by the Company’s Chief Executive Officer
reasonably related to and in connection with Employee providing “Services” to the Company under the Advisory Agreement that would be “Misconduct” thereunder, Employee shall be provided ten (10) business days to cure such
breach to the extent curable. Without limiting the foregoing, if the Company terminates the Advisory Agreement as the result of Employee’s Misconduct (as defined in the Advisory Agreement), it will be considered a material breach of this
Agreement. For purposes of clarity, in the event that the Company terminates the Advisory Agreement other than as the result of Employee’s Misconduct, it will not be considered a material breach of this Agreement and Employee shall be entitled
to equity vesting provided under the Advisory Agreement, subject to executing and not revoking the Supplemental Release, and will be entitled to all the consideration under this Agreement. 

14. Attorneys’ Fees. In the event that either Party brings an action to enforce or effect its rights under this Agreement,
the prevailing Party shall be entitled to recover its costs and expenses, including the costs of mediation, arbitration, litigation, court fees, and reasonable attorneys’ fees incurred in connection with such an action. 

15. No Admission of Liability. Employee understands and acknowledges that this Agreement constitutes a compromise and settlement
of any and all actual or potential disputed claims by Employee. No action taken by the Company hereto, either previously or in connection with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any
actual or potential claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to Employee or to any third party. 
 16. Mutual Nondisparagement. Employee will not make any derogatory public statement concerning the financial performance, products, services, the Board or management personnel of the Company or any
of its affiliates or subsidiaries, or Employee’s employment for a period of twenty-four (24) months following the Resignation Date. The Company agrees to refrain from any disparaging statements about Employee for a period of twenty-four
(24) months following the Resignation Date. Employee understands that the Company’s obligations under this paragraph extend only to the Company’s current executive officers and members of its Board of Directors and only for so long as
each officer or member is an employee or Board member of the Company. Nothing in this paragraph will prohibit either party from providing truthful information in response to a subpoena or other legal process. In response to any inquiry with respect
to the termination of Employee’s employment, Employee shall be permitted to respond in the manner set forth on Exhibit D hereto. 
 17. Costs. The Company shall pay up to $10,000 for Employee’s costs, attorneys’ fees and other fees incurred in connection with the preparation and negotiation of this Agreement.

 18. Arbitration. THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS AGREEMENT, THEIR
INTERPRETATION, AND ANY OF THE MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN THE SALT LAKE OR UTAH COUNTIES IN THE STATE OF UTAH, BEFORE JUDICIAL ARBITRATION & MEDIATION SERVICES (“JAMS”), PURSUANT TO
ITS 

  
 - 8 -

 
EMPLOYMENT ARBITRATION RULES & PROCEDURES (“JAMS RULES”). THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER
AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH UTAH LAW, INCLUDING THE UTAH RULES OF CIVIL PROCEDURE, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL UTAH LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF
ANY JURISDICTION. TO THE EXTENT THAT THE JAMS RULES CONFLICT WITH UTAH LAW, UTAH LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE, AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE
PREVAILING PARTY IN ANY ARBITRATION SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL EACH PAY AN EQUAL SHARE OF THE COSTS AND EXPENSES OF SUCH
ARBITRATION, AND EACH PARTY SHALL SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND EXPENSES; PROVIDED, HOWEVER, THAT THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. THE PARTIES HEREBY
AGREE TO WAIVE THEIR RIGHT TO HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY. NOTWITHSTANDING THE FOREGOING, THIS SECTION WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY)
FROM ANY COURT HAVING JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR DISPUTE RELATING TO THIS AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT CONTAINED IN THIS PARAGRAPH
CONFLICT WITH ANY OTHER ARBITRATION AGREEMENT BETWEEN THE PARTIES, THE PARTIES AGREE THAT THIS ARBITRATION AGREEMENT SHALL GOVERN. 
 19. Authority. The Company represents and warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company and all who may claim through it to the terms and
conditions of this Agreement. Employee represents and warrants that Employee has the capacity to act on Employee’s own behalf and on behalf of all who might claim through Employee to bind them to the terms and conditions of this Agreement. Each
Party warrants and represents that there are no liens or claims of lien or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein. 

20. No Representations. Employee represents that Employee has had the opportunity to consult with an attorney, and has carefully
read and understands the scope and effect of the provisions of this Agreement. Employee has not relied upon any representations or statements made by the Company that are not specifically set forth in this Agreement. 

21. Severability. In the event that any provision or any portion of any provision hereof or any surviving agreement made a part
hereof becomes or is declared by a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement shall continue in full force and effect without said provision or portion of provision. 

  
 - 9 -

 22. Entire Agreement. This Agreement (and its exhibits) represents the entire
agreement and understanding between the Company and Employee concerning the subject matter of this Agreement and Employee’s employment with and separation from the Company and the events leading thereto and associated therewith, and supersedes
and replaces any and all prior agreements and understandings concerning the subject matter of this Agreement and Employee’s relationship with the Company, with the exception of the Proprietary Rights Agreement (except as amended in paragraph 10
herein), the Investor Agreement, the Indemnification Agreement and the Equity Agreements. 
 23. No Oral Modification.
This Agreement may only be amended in writing signed by Employee and the Chairman of the Compensation Committee of the Company’s Board of Directors. 
 24. Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Utah, without regard to the choice-of-law provisions.
The Utah state courts in Salt Lake County, Utah and/or the United States District Court for the District of Utah, located in Salt Lake City, Utah, shall have exclusive jurisdiction and venue over all controversies relating to or arising out of this
Agreement. Employee hereby expressly consents to the exclusive jurisdiction and venue of the state courts in Salt Lake County, Utah and/or the United States District Court for the District of Utah, located in Salt Lake City, Utah for any disputes
arising out of or relating to this Agreement. 
 25. Effective Date. Employee understands that this
Agreement shall be null and void if not executed by Employee within 21 days. Each Party has seven days after that Party signs this Agreement to revoke it. This Agreement will become effective on the eighth (8th) day after Employee signed this Agreement, so long as it has
been signed by the Parties and has not been revoked by either Party before that date (the “Effective Date”). 
 26. Counterparts. This Agreement may be executed in counterparts and by facsimile, and each counterpart and facsimile shall have the same force and effect as an original and shall constitute an
effective, binding agreement on the part of each of the undersigned. 
 27. Voluntary Execution of Agreement. Employee
understands and agrees that Employee executed this Agreement voluntarily, without any duress or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of Employee’s claims against the
Company and any of the other Releasees. Employee expressly acknowledges that: 
  

	 	(a)	Employee has read this Agreement; 

  

	 	(b)	Employee has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of Employee’s own choice or has elected not to
retain legal counsel; 

  

	 	(c)	Employee understands the terms and consequences of this Agreement and of the releases it contains; and 

 

	 	(d)	Employee is fully aware of the legal and binding effect of this Agreement. 

  
 - 10 -

 IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth
below. 
  

							
	COMPANY	 		 	FUSION-IO, INC.
				
		 		 	By:	 	/s/ Shane Robison
		 		 	Name:	 	Shane Robison
		 		 	Title:	 	Chief Executive Officer
			
		 		 	Dated: May 30, 2013
		 		 		 	
	EMPLOYEE	 		 	David Flynn, an individual
			
		 		 	 /s/ David Flynn

		 		 		 	(Signature)
			
		 		 	Dated: May 30, 2013

  
 - 11 -

 EXHIBIT A 
 The chart below shows (i) the number of shares subject to each of Employee’s outstanding Equity Awards that are vested and exercisable as of the Resignation Date (including amounts that vested
in accordance with the accelerated vesting provisions described in Section 2.c. above) and (ii) the number of shares subject to each of Employee’s outstanding Equity Awards that are unvested and unexercisable as of the Resignation
Date, but are eligible to vest and become exercisable pursuant to the Advisory Agreement in accordance with its terms. 
  

													
	 Grant

Date
	 	 Type of

Award
	 	 Exercise

Price
	 	 Exercisable

(before

acceleration)
	 	 Vesting

Acceleration

(under this

Agreement)
	 	 Total

Exercisable on
 Resignation
 Date
	 	 Remaining

Unexercisable

on Resignation
 Date(1)

	 6/2/2009
	 	Option	 	$ 0.65	 	626,726	 	0	 	626,726	 	0
	 5/28/2010
	 	Option	 	$ 1.96	 	1,811,847	 	546,482	 	2,358,329	 	0
	 1/25/2011
	 	Option	 	$ 5.12	 	0	 	62,500	 	62,500	 	437,500
	 9/30/2011
	 	Option	 	$19.00	 	205,833	 	130,000	 	335,833	 	184,167
	 9/14/2012
	 	Option	 	$30.15	 	0	 	0	 	0	 	225,000
	 9/14/2012
	 	RSU	 	N/A	 	0	 	0	 	0	 	225,000

  

	(1)	Shares remain eligible to vest and become exercisable pursuant to the terms of the Advisory Agreement. 

  
 - 12 -

 EXHIBIT B 

ADVISORY AGREEMENT 
 This Advisory Agreement (this “Advisory Agreement”) is made and entered into as of May 30, 2013, effective as of May 7, 2013 (the “Effective
Date”) by and between FUSION-IO, INC., a Delaware corporation with its principal place of business at 2855 East Cottonwood Parkway, Suite 100, Salt Lake City, Utah 84121 (the “Company”), and David Flynn, an
individual (“Advisor”) (each herein referred to individually as a “Party,” or collectively as the “Parties”). 

The Company desires to retain Advisor as an independent contractor to perform advisory services for the Company, and Advisor is willing
to perform such services, on the terms described below. In consideration of the mutual promises contained herein, the Parties agree as follows: 
 1. Services and Compensation 
 Advisor shall perform the services described
in Exhibit 1 (the “Services”) for the Company (or its designee) during the Term (as defined in this Advisory Agreement), and the Company agrees to pay Advisor the compensation described in Exhibit 1
for Advisor’s performance of the Services. 
 2. Confidentiality and Ownership; Option Exercisability 

Advisor agrees that during the Term and for all times thereafter, Advisor will observe and abide by the terms of Proprietary Information
and Invention Assignment Agreement he entered into the Company on June 1, 2006, (the “Proprietary Rights Agreement”) and the Inventor Assignment Agreement he entered into with the Company on February 16, 2010 (the
“Inventor Agreement”), specifically including the provisions therein regarding nondisclosure of the Company’s trade secrets and confidential and proprietary information. Advisor further acknowledges and agrees that all
references to “employment” or “employ” in paragraphs 2, 3, and 4 of the Proprietary Rights Agreement shall be extended to mean Services (as defined in Exhibit 1 to this Advisory Agreement). This represents an amendment to
the Proprietary Rights Agreement. For purposes of clarity, this Advisory Agreement and the Services do not extend the non-solicitation provision set forth in this Section 10 of the Separation Agreement and Release between Advisor and the
Company, dated May 30, 2013 (the “Separation Agreement”) or in paragraphs 6 and 7 the Proprietary Rights Agreement beyond twelve (12) months immediately following the Resignation Date (as defined in the Separation
Agreement). The Company acknowledges and agrees that all references to “employment” or “employ” in any provisions entitling Advisor to exercise Equity Awards set forth on Exhibit A to the Separation Agreement shall be
extended to include the term “Services.” 

  
 - 13 -

 3. Conflicting Obligations 

Advisor represents and warrants that Advisor has no agreements, relationships, or commitments to any other person or entity that conflict
with the provisions of this Advisory Agreement, Advisor’s obligations to the Company under this Advisory Agreement, and/or Advisor’s ability to perform the Services. Advisor will not enter into any such conflicting agreement during the
term of this Advisory Agreement; provided, however, that during the Term, Advisor may engage in other employment, services or business activities; provided that such activities are consistent with Advisor’s fiduciary duties to the Company, his
ability to perform the Services, and Advisor’s continuing obligations under the Proprietary Rights Agreement, Inventor Agreement, and Separation Agreement. 
 4. Term and Termination 
 (a) Term. The term of this
Advisory Agreement will begin on the Effective Date of this Advisory Agreement and will continue until the earlier of (i) the twelve (12)-month anniversary of the Effective Date of this Advisory Agreement, or (ii) termination as provided
in Article 4(b) (the “Term”). 
 (b) Termination. Either party may terminate
this Advisory Agreement at any time for any reason. Notwithstanding the foregoing, if, prior to the twelve (12)-month anniversary of the Effective Date of this Advisory Agreement, Advisor engages in Misconduct, the Company may terminate this
Advisory Agreement immediately and without prior notice. “Misconduct” means (i) Advisor’s willful refusal to comply with the lawful requests made of Advisor by the Company’s Chief Executive Officer reasonably
related to the Services and the performance of his duties hereunder or (ii) a material breach by Advisor of any material provision of this Advisory Agreement, the Separation Agreement, the Proprietary Rights Agreement or the Inventor Agreement.
The Company shall provide Advisor written notice specifying the particular event or actions giving rise to Misconduct, and only with respect to clause (i) of the definition of Misconduct, Employee shall be provided ten (10) business days
to cure such breach to the extent curable. 
 (c) Survival. Upon any termination, all rights and duties of
the Company and Advisor toward each other shall cease except: 
 (i) The Company will pay, within thirty (30) days after
the effective date of termination, all amounts owing to Advisor for Services completed and accepted by the Company prior to the termination date and related reimbursable expenses, if any, submitted in accordance with the Company’s policies and
in accordance with the provisions of Article 1 of this Advisory Agreement; and 
 (ii) Article 2 (Confidentiality and
Ownership), Article 3 (Conflicting Obligations), Article 4 (Term and Termination), Article 5 (Independent Contractor; Benefits), Article 6 (Limitation of Liability), Article 7 (Arbitration), and Article 8 (Miscellaneous)
will survive termination or expiration of this Advisory Agreement in accordance with their terms. 

  
 - 14 -

 5. Independent Contractor; Benefits 

(a) Independent Contractor. It is the express intention of the Company and Advisor that Advisor perform the Services as an
independent contractor to the Company. Nothing in this Advisory Agreement shall in any way be construed to constitute Advisor as an agent, employee or representative of the Company. Without limiting the generality of the foregoing, Advisor is not
authorized to bind the Company to any liability or obligation or to represent that Advisor has any such authority. Advisor agrees to furnish (or reimburse the Company for) all tools and materials necessary to accomplish this Advisory Agreement and
shall incur all expenses associated with performance, except as expressly provided in Exhibit 1. Advisor acknowledges and agrees that Advisor is obligated to report as income all compensation received by Advisor pursuant to this Advisory
Agreement. Advisor agrees to and acknowledges the obligation to pay all self-employment and other taxes on such income. 
 (b)
Benefits. The Company and Advisor agree that Advisor will receive no Company-sponsored benefits from the Company where benefits include, but are not limited to, paid vacation, sick leave, medical insurance and 401(k)
participation. If Advisor is reclassified by a state or federal agency or court as the Company’s employee, Advisor will become a reclassified employee and will receive no benefits from the Company, except those mandated by state or federal law,
even if by the terms of the Company’s benefit plans or programs of the Company in effect at the time of such reclassification, Advisor would otherwise be eligible for such benefits. 

6. Limitation of Liability 
 IN NO EVENT SHALL COMPANY BE LIABLE TO ADVISOR OR TO ANY OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS OR LOSS OF BUSINESS, HOWEVER CAUSED AND
UNDER ANY THEORY OF LIABILITY, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHER THEORY OF LIABILITY, REGARDLESS OF WHETHER COMPANY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND NOTWITHSTANDING THE FAILURE OF ESSENTIAL PURPOSE OF
ANY LIMITED REMEDY. IN NO EVENT SHALL COMPANY’S LIABILITY ARISING OUT OF OR IN CONNECTION WITH THIS ADVISORY AGREEMENT EXCEED THE AMOUNTS PAID BY COMPANY TO ADVISOR UNDER THIS AGREEMENT FOR THE SERVICES, DELIVERABLES OR INVENTION GIVING RISE TO
SUCH LIABILITY. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS ADVISORY AGREEMENT WAIVES ADVISOR’S (I) RIGHTS UNDER THE INDEMNIFICATION AGREEMENT (AS DEFINED IN THE SEPARATION AGREEMENT) OR (II) RIGHTS TO INDEMNIFICATION OR ANY PAYMENTS
UNDER ANY FIDUCIARY INSURANCE POLICY, IF ANY, PROVIDED BY ANY ACT, AGREEMENT, CERTIFICATE OF INCORPORATION OR BYLAWS OF THE COMPANY, STATE OR FEDERAL LAW OR POLICY OF INSURANCE. 

  
 - 15 -

 7. Arbitration 

THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS ADVISORY AGREEMENT, THEIR INTERPRETATION, AND ANY OF THE
MATTERS HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN THE SALT LAKE OR UTAH COUNTIES IN THE STATE OF UTAH, BEFORE JUDICIAL ARBITRATION & MEDIATION SERVICES (“JAMS”), PURSUANT TO ITS EMPLOYMENT ARBITRATION
RULES & PROCEDURES (“JAMS RULES”). THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH UTAH LAW, INCLUDING THE UTAH
RULES OF CIVIL PROCEDURE, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL UTAH LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF ANY JURISDICTION. TO THE EXTENT THAT THE JAMS RULES CONFLICT WITH UTAH LAW,
UTAH LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE, AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION SHALL BE ENTITLED TO INJUNCTIVE RELIEF IN ANY
COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL EACH PAY AN EQUAL SHARE OF THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH PARTY SHALL SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES AND
EXPENSES; PROVIDED, HOWEVER, THAT THE ARBITRATOR SHALL AWARD ATTORNEYS’ FEES AND COSTS TO THE PREVAILING PARTY, EXCEPT AS PROHIBITED BY LAW. THE PARTIES HEREBY AGREE TO WAIVE THEIR RIGHT TO HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF
LAW BY A JUDGE OR JURY. NOTWITHSTANDING THE FOREGOING, THIS SECTION WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING JURISDICTION OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR
DISPUTE RELATING TO THIS ADVISORY AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT CONTAINED IN THIS PARAGRAPH CONFLICT WITH ANY OTHER ARBITRATION AGREEMENT BETWEEN THE PARTIES, THE PARTIES
AGREE THAT THIS ARBITRATION AGREEMENT SHALL GOVERN. 
 8. Miscellaneous 

(a) Governing Law; Consent to Personal Jurisdiction. The validity, interpretation, construction and performance of
this Advisory Agreement shall be governed by the laws of the State of Utah, without regard to the choice-of-law provisions. The Utah state courts in Salt Lake County, Utah and/or the United States District Court for the District of Utah, located in
Salt Lake City, Utah, shall have exclusive jurisdiction and venue over all controversies relating to or arising out of this Advisory Agreement. Advisor hereby expressly consents to the exclusive jurisdiction and venue of the state courts in Salt
Lake County, Utah and/or the United States District Court for the District of Utah, located in Salt Lake City, Utah for any disputes arising out of or relating to this Advisory Agreement. 

(b) Assignability. This Advisory Agreement will be binding upon Advisor’s heirs, executors, assigns,
administrators, and other legal representatives, and will be for the benefit of the Company, its successors, and its assigns. There are no intended third-party 

  
 - 16 -

 
beneficiaries to this Advisory Agreement, except as expressly stated. Except as may otherwise be provided in this Advisory Agreement, Advisor may not sell, assign or delegate any rights or
obligations under this Advisory Agreement. Notwithstanding anything to the contrary herein, Company may assign this Advisory Agreement and its rights and obligations under this Advisory Agreement to any successor to all or substantially all of
Company’s relevant assets, whether by merger, consolidation, reorganization, reincorporation, sale of assets or stock, or otherwise. 
 (c) Entire Agreement. This Advisory Agreement, the Supplemental Release and the Separation Agreement constitute the entire agreement and understanding between the Parties with respect
to the subject matter herein and supersedes all prior written and oral agreements, discussions, or representations between the Parties with the exception of the Proprietary Rights Agreement (except as amended by the Separation Agreement), the
Investor Agreement, the Indemnification Agreement and the Separation Agreement. Advisor represents and warrants that he is not relying on any statement or representation not contained in this Advisory Agreement. To the extent any terms set forth in
any exhibit or schedule conflict with the terms set forth in this Advisory Agreement, the terms of this Advisory Agreement shall control unless otherwise expressly agreed by the Parties in such exhibit or schedule. 

(d) Headings. Headings are used in this Advisory Agreement for reference only and shall not be considered when
interpreting this Advisory Agreement. 
 (e) Severability. If a court or other body of competent
jurisdiction finds, or the Parties mutually believe, any provision of this Advisory Agreement, or portion thereof, to be invalid or unenforceable, such provision will be enforced to the maximum extent permissible so as to effect the intent of the
Parties, and the remainder of this Advisory Agreement will continue in full force and effect. 
 (f) Modification, Waiver.
No modification of or amendment to this Advisory Agreement, nor any waiver of any rights under this Advisory Agreement, will be effective unless in a writing signed by the Parties. Waiver by the Company of a breach of any provision of this
Advisory Agreement will not operate as a waiver of any other or subsequent breach. 
 (g) Notices. Any
notice or other communication required or permitted by this Advisory Agreement to be given to a Party shall be in writing and shall be deemed given (i) if delivered personally or by commercial messenger or courier service, (ii) when sent
by confirmed facsimile, or (iii) if mailed by U.S. registered or certified mail (return receipt requested), to the Party at the Party’s address written below or at such other address as the Party may have previously specified by like
notice. If by mail, delivery shall be deemed effective three business days after mailing in accordance with this Section 8(g). 
  

	 	(i)	If to the Company, to: 

	 	    	2855 East Cottonwood Parkway, Suite 100 

	 	    	Salt Lake City, Utah 84121 

	 	    	Attention: Chief Legal Officer 

  
 - 17 -

 (ii) If to Advisor, to the address for notice on the signature page to this Advisory
Agreement or, if no such address is provided, to the last address of Advisor provided by Advisor to the Company. 
 (h)
Attorneys’ Fees. In any court action at law or equity that is brought by one of the Parties to this Advisory Agreement to enforce or interpret the provisions of this Advisory Agreement, the prevailing Party will be entitled
to reasonable attorneys’ fees, in addition to any other relief to which that Party may be entitled. 
 (i)
Signatures. This Advisory Agreement may be signed in two counterparts, each of which shall be deemed an original, with the same force and effectiveness as though executed in a single document. 

(signature page follows) 

  
 - 18 -

 IN WITNESS WHEREOF, the Parties hereto have executed this Advisory Agreement as of the date
first written above. 
  

									
	ADVISOR	 		 	FUSION-IO, INC.
					
	By:	 	/s/ David Flynn	 		 	By:	 	/s/ Shane Robison
	Name:	 	David Flynn	 		 	Name:	 	Shane Robison
	Title: 	 	 	 		 	Title:	 	Chief Executive Officer
				
	Address for Notice:	 		 		 	
				
	 	 		 		 	
				
	 	 		 		 	

 EXHIBIT 1 
 SERVICES AND COMPENSATION 
 1. Services. During the Term,
Advisor shall report to the Company’s Chief Executive Officer and provide up to 10 hours per month of advisory services as may be reasonably requested of him by the Company’s Chief Executive Officer. The Company and Advisor agree that any
services to be provided by Advisor under the preceding sentence will be provided in or near Salt Lake City, Utah, and at mutually agreeable times that are conducive to Advisor engaging in other full-time employment following the Resignation Date (as
defined in the Separation Agreement). 
 2. Compensation. 

(a) Each award of stock options and restricted stock units that is outstanding as of the Resignation Date (each, an
“Equity Award”) and unvested (after applying the vesting acceleration in Section 2.c. of the Separation Agreement) as shown on Exhibit A of the Separation Agreement (such unvested shares as of the Effective
Date of this Advisory Agreement, the “Remaining Unvested Equity Award Shares”) shall vest during the Term as to one-twelfth (1/12th) of the Remaining Unvested Equity Award Shares on each monthly anniversary of the Effective Date of this Advisory
Agreement, subject to Advisor continuing to provide the Services to the Company through each such date, in each case regardless of whether any performance criteria have been satisfied and/or whether any future performance criteria are satisfied. For
example, the 437,500 shares subject to the option granted on January 25, 2011 that are unvested as of the Effective Date of this Advisory Agreement after giving effect to the acceleration (as set forth on Exhibit A of the
Separation Agreement) will vest as to 36,458 shares
(1/12th of 437,500) on each monthly anniversary of the
Effective Date of the Advisory Agreement, subject to Advisor continuing to provide the Services to the Company through each such date. If the Company terminates this Advisory Agreement other than due to Advisor’s Misconduct, 100% of any
then-unvested portion of each Equity Award will vest in full, subject to the execution (and non-revocation) of the Supplemental Release (as defined in the Separation Agreement). For avoidance of doubt, if Advisor terminates this Advisory Agreement
for any reason or if the Company terminates this Advisory Agreement due to Advisor’s Misconduct, all Equity Awards will immediately cease vesting. Except as modified by this Section 2(a), the terms and conditions of the applicable Company
equity compensation plan and the applicable award agreements memorializing each such Equity Award shall continue to apply. 

(b) The Company will reimburse Advisor, in accordance with Company policy, for all reasonable expenses incurred by Advisor in performing
the Services pursuant to this Advisory Agreement, if Advisor receives written consent from an authorized agent of the Company prior to incurring such expenses and submits receipts for such expenses to the Company in accordance with Company policy.

 This Exhibit 1 is accepted and agreed upon as of May 30, 2013. 

 

									
	ADVISOR	 		 	FUSION-IO, INC.
					
	By:	 	/s/ David Flynn	 		 	By:	 	/s/ Shane Robison
	Name:	 	David Flynn	 		 	Name:	 	Shane Robison
	Title: 	 	 	 		 	Title:	 	Chief Executive Officer

 EXHIBIT C 

SUPPLEMENTAL RELEASE AGREEMENT 
 THIS SUPPLEMENTAL RELASE AGREEMENT (this “Supplemental Release”) is made in consideration for the mutual promises and consideration provided both herein and in the
Separation Agreement and Release executed on May 30, 2013 (the “Separation Agreement”) between David Flynn (“Advisor”) and Fusion-io, Inc. (the “Company”) (collectively the
“Parties”). The Parties hereby extend by this Supplemental Release to any and all claims that may have arisen between the Effective Date of the Separation Agreement and Advisor’s dated signature during which Advisor was
providing Services to the Company pursuant to the Advisory Agreement executed on May 30, 2013 (the “Advisory Agreement”). 
 1. Consideration. If the Supplemental Release is executed and not revoked within 30 days following a termination of Advisor’s Services (as defined in the Advisory Agreement), then Executive
will be permitted to retain the portion of the Equity Awards (as defined in the Advisory Agreement) that vested during the Term (as defined in the Advisory Agreement), and if the Company terminates the Advisor’s Services prior to twelve
(12)-month anniversary of the Effective Date of the Advisory Agreement for other than Misconduct, then 100% of any then-unvested portion of each Equity Award will vest in full and all stock options shall become immediately exercisable. For purposes
of clarification, if the Company terminates Advisors Services for Misconduct, then Advisor will only be permitted to retain the portion of the Equity Awards that vest during the Term if this Supplemental Release is executed and not revoked within 30
days following such termination, but in no event will the execution of this Supplemental Release prohibit the Company from seeking remedies otherwise available to it under the Separation Agreement. 

2. Supplemental Release. The undersigned Parties expressly acknowledge and agree that the terms of the Separation Agreement shall
apply equally to this Supplemental Release and are incorporated herein. Advisor agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to Advisor by the Company and its current and former officers,
directors, employees, agents, investors, attorneys, stockholders, administrators, affiliates, benefit plans, plan administrators, insurers, divisions, and subsidiaries, and predecessor and successor corporations and assigns (collectively, the
“Releasees”) Advisor, on his own behalf and on behalf of his respective heirs, family members, executors, agents, and assigns, hereby and forever releases the Releasees from, and agrees not to sue concerning, or in any manner
to institute, prosecute, or pursue, any claim, complaint, charge, duty, obligation, or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Advisor may possess against any of the
Releasees arising from any omissions, acts, facts, or damages that have occurred up until and including the date Advisor signs this Supplemental Release, including but not limited to any and all claims relating to or arising from the Services (as
defined in the Advisory Agreement) and the termination of Advisor’s role as Advisor. Nothing in this Supplemental Release waives Advisor’s (i) rights under the Indemnification Agreement (as defined in the Separation Agreement) or
(ii) rights to indemnification or any payments under any fiduciary insurance policy, if any, provided by any act, agreement, Certificate of Incorporation or Bylaws of the Company, state or federal law or policy of insurance. 

 3. Acknowledgment of Waiver of Claims under ADEA. Advisor acknowledges that Advisor
is waiving and releasing any rights Advisor may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Advisor agrees that this waiver and release does
not apply to any rights or claims that may arise under the ADEA after the Effective Date of this Supplemental Release. Advisor acknowledges that the consideration given for this waiver and release Supplemental Release is in addition to anything of
value to which Advisor was already entitled. Advisor further acknowledges that Advisor has been advised by this writing that (a) he should consult with an attorney prior to executing this Supplemental Release; (b) Advisor has
at least 21 days within which to consider this Supplemental Release; (c) Advisor has 7 days following the execution of this Supplemental Release by the parties to revoke the Supplemental Release; (d) this Supplemental Release shall not be
effective until the revocation period has expired; and (e) nothing in this Supplemental Release prevents or precludes Advisor from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it
impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law. In the event Advisor signs this Supplemental Release and delivers it to the Company in less than the 21-day period identified above,
Advisor hereby acknowledges that Advisor has freely and voluntarily chosen to waive the time period allotted for considering this Supplemental Release. Advisor acknowledges and understands that revocation must be accomplished by a written
notification to the Chief Legal Officer of the Company that is received prior to the Effective Date of this Supplemental Release. 
 4. Unknown Claims. Advisor acknowledges that Advisor has been advised to consult with legal counsel and that Advisor is familiar with the principle that a general release does not extend to claims
that the releaser does not know or suspect to exist in his or her favor at the time of executing the release, which, if known by him or her, must have materially affected his or her settlement with the releasee. Advisor, being aware of this
principle, agrees to expressly waive any rights Advisor may have to that effect, as well as under any other statute or common law principles of similar effect. 
 5. Voluntary Execution of Supplemental Release. Advisor understands and agrees that he executed this Supplemental Release voluntarily, without any duress or undue influence on the part or behalf of
the Company or any third party, with the full intent of releasing all of his claims against the Company and any of the other Releasees. Advisor acknowledges that: (a) he has read this Supplemental Release; (b) he has been represented in
the preparation, negotiation, and execution of this Supplemental Release by legal counsel of his own choice or has elected not to retain legal counsel; (c) he understands the terms and consequences of this Supplemental Release and of the
releases it contains; and (d) he is fully aware of the legal and binding effect of this Supplemental Release. 

 6. Effective Date. Each Party has seven (7) days after that Party signs this
Supplemental Release to revoke it. This Supplemental Release will become effective on the eighth (8th) day after Advisor signed this Supplemental Release, so long as it has been signed by the Parties and has not been revoked by either Party
before that date (the “Effective Date”). 

 IN WITNESS WHEREOF, the Parties have executed this Supplemental Release on the respective
dates set forth below. 
  

							
	COMPANY 	 		 	FUSION-IO, INC.
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
				
		 		 	Dated:	 	 
		 		 		 	
	ADVISOR 	 		 	David Flynn, an individual
			
		 		 	
		 		 	  

(Signature)

				
		 		 	Dated:

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