Document:

EX-10.12

 Exhibit 10.12 
 VIOLIN MEMORY, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 SECTION 1
	 	Purpose Of The Plan	  	 	1	  
			
	 SECTION 2
	 	Definitions	  	 	1	  
	 (a)
	 	“Board”	  	 	1	  
	 (b)
	 	“Code”	  	 	1	  
	 (c)
	 	“Committee”	  	 	1	  
	 (d)
	 	“Company”	  	 	1	  
	 (e)
	 	“Compensation”	  	 	1	  
	 (f)
	 	“Corporate Reorganization”	  	 	1	  
	 (g)
	 	“Eligible Employee”	  	 	1	  
	 (h)
	 	“Exchange Act”	  	 	2	  
	 (i)
	 	“Fair Market Value”	  	 	2	  
	 (j)
	 	“IPO”	  	 	2	  
	 (k)
	 	“Offering”	  	 	2	  
	 (l)
	 	“Offering Date”	  	 	2	  
	 (m)
	 	“Offering Period”	  	 	2	  
	 (n)
	 	“Participant”	  	 	2	  
	 (o)
	 	“Participating Company”	  	 	2	  
	 (p)
	 	“Plan”	  	 	2	  
	 (q)
	 	“Plan Account”	  	 	2	  
	 (r)
	 	“Purchase Date”	  	 	3	  
	 (s)
	 	“Purchase Period”	  	 	3	  
	 (t)
	 	“Purchase Price”	  	 	3	  
	 (u)
	 	“Stock”	  	 	3	  
	 (v)
	 	“Subsidiary”	  	 	3	  
			
	 SECTION 3
	 	Administration Of The Plan	  	 	3	  
	 (a)
	 	Committee Composition	  	 	3	  
	 (b)
	 	Committee Responsibilities	  	 	3	  
			
	 SECTION 4
	 	Enrollment And Participation	  	 	4	  
	 (a)
	 	Offering Periods	  	 	4	  
	 (b)
	 	Enrollment	  	 	4	  
	 (c)
	 	Duration of Participation	  	 	4	  
			
	 SECTION 5
	 	Employee Contributions	  	 	5	  
	 (a)
	 	Frequency of Payroll Deductions	  	 	5	  
	 (b)
	 	Amount of Payroll Deductions	  	 	5	  
	 (c)
	 	Changing Withholding Rate	  	 	5	  
	 (d)
	 	Discontinuing Payroll Deductions	  	 	5	  
			
	 SECTION 6
	 	Withdrawal From The Plan	  	 	5	  
	 (a)
	 	Withdrawal	  	 	5	  
	 (b)
	 	Re-enrollment After Withdrawal	  	 	6	  

							
			
	 SECTION 7
	 	Change In Employment Status	  	 	6	  
	 (a)
	 	Termination of Employment	  	 	6	  
	 (b)
	 	Leave of Absence	  	 	6	  
	 (c)
	 	Death	  	 	6	  
			
	 SECTION 8
	 	Plan Accounts And Purchase Of Shares	  	 	6	  
	 (a)
	 	Plan Accounts	  	 	6	  
	 (b)
	 	Purchase Price	  	 	6	  
	 (c)
	 	Number of Shares Purchased	  	 	6	  
	 (d)
	 	Available Shares Insufficient	  	 	7	  
	 (e)
	 	Issuance of Stock	  	 	7	  
	 (f)
	 	Unused Cash Balances	  	 	7	  
	 (g)
	 	Stockholder Approval	  	 	7	  
			
	 SECTION 9
	 	Limitations On Stock Ownership	  	 	7	  
	 (a)
	 	Five Percent Limit	  	 	7	  
	 (b)
	 	Dollar Limit	  	 	8	  
			
	 SECTION 10
	 	Rights Not Transferable	  	 	8	  
			
	 SECTION 11
	 	No Rights As An Employee	  	 	8	  
			
	 SECTION 12
	 	No Rights As A Stockholder	  	 	8	  
			
	 SECTION 13
	 	Securities Law Requirements	  	 	9	  
			
	 SECTION 14
	 	Stock Offered Under The Plan	  	 	9	  
	 (a)
	 	Authorized Shares	  	 	9	  
	 (b)
	 	Antidilution Adjustments	  	 	9	  
	 (c)
	 	Reorganizations	  	 	9	  
			
	 SECTION 15
	 	Amendment Or Discontinuance	  	 	9	  
			
	 SECTION 16
	 	Execution	  	 	10	  

 VIOLIN MEMORY, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
 SECTION 1 Purpose Of The Plan. 

The Plan was adopted by the Board on October 28, 2012, effective on the date on which the IPO is effective (the “Effective
Date”). The purpose of the Plan is to provide Eligible Employees with an opportunity to increase their proprietary interest in the success of the Company by purchasing Stock from the Company on favorable terms and to pay for such purchases
through payroll deductions. The Plan is intended to qualify under section 423 of the Code. 
 SECTION 2 Definitions.

 (a) “Board” means the Board of Directors of the Company, as constituted from time to time. 

(b) “Code” means the Internal Revenue Code of 1986, as amended. 

(c) “Committee” means a committee designated by the Board, as described in Section 3. 

(d) “Company” means Violin Memory, Inc., a Delaware corporation. 

(e) “Compensation” means the base salary and wages paid in cash to a Participant by a Participating Company, without
reduction for any pre-tax contributions made by the Participant under sections 401(k) or 125 of the Code. “Compensation” shall exclude variable compensation (including bonuses, incentive compensation, commissions, overtime pay and shift
premiums), all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or
benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall determine whether a particular item is included in Compensation. 

(f) “Corporate Reorganization” means: 

(i) The consummation of a merger or consolidation of the Company with or into another entity, or any other corporate
reorganization; or 
 (ii) The sale, transfer or other disposition of all or substantially all of the
Company’s assets or the complete liquidation or dissolution of the Company. 
 (g) “Eligible Employee”
means any employee of a Participating Company whose customary employment is for more than five months per calendar year and for more than 20 hours per week. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 1 

 The foregoing notwithstanding, an individual shall not be considered an Eligible Employee if
his or her participation in the Plan is prohibited by the law of any country which has jurisdiction over him or her. 
 (h)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (i) “Fair Market
Value” means the fair market value of a share of Stock, determined by the Committee as follows: 
 (i)
If Stock was traded on any established national securities exchange including the New York Stock Exchange or the Nasdaq Global Market on the date in question, then the Fair Market Value shall be equal to the closing price as quoted on such exchange
(or the exchange with the greatest volume of trading in the Stock) on such date; or 
 (ii) If the foregoing
provision is not applicable, then the Fair Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate. 
 For any date that is not a Trading Day, the Fair Market Value of a share of Stock for such date shall be determined by using the closing sale price for the immediately preceding Trading Day. Whenever
possible, the determination of Fair Market Value by the Committee shall be based on the prices reported in the Wall Street Journal or as reported directly to the Company by the stock exchange. Such determination shall be conclusive and
binding on all persons. 
 (j) “IPO” means the initial offering of Stock to the public pursuant to a
registration statement filed by the Company with the Securities and Exchange Commission. 
 (k) “Offering”
means the grant of options to purchase shares of Stock under the Plan to Eligible Employees. 
 (l) “Offering
Date” means the first day of an Offering. 
 (m) “Offering Period” means a period with respect to
which the right to purchase Stock may be granted under the Plan, as determined pursuant to Section 4(a). 
 (n)
“Participant” means an Eligible Employee who elects to participate in the Plan, as provided in Section 4(b). 
 (o) “Participating Company” means (i) the Company and (ii) each present or future Subsidiary designated by the Committee as a Participating Company. 

(p) “Plan” means this Violin Memory, Inc. Employee Stock Purchase Plan, as it may be amended from time to time.

 (q) “Plan Account” means the account established for each Participant pursuant to Section 8(a).

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 2 

 (r) “Purchase Date” means one or more dates during an Offering on which
shares of Stock may be purchased pursuant to the terms of the Offering. 
 (s) “Purchase Period” means one or
more successive periods during an Offering, beginning on the Offering Date or on the day after a Purchase Date, and ending on the next succeeding Purchase Date. 
 (t) “Purchase Price” means the price at which Participants may purchase shares of Stock under the Plan, as determined pursuant to Section 8(b). 

(u) “Stock” means the Common Stock of the Company. 

(v) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

(r) “Trading Day” means a day on which the national stock exchange on which the Stock is traded is open for trading.

 SECTION 3 Administration Of The Plan. 
 (a) Committee Composition. The Plan shall be administered by the Committee. The Committee shall consist exclusively of one or more directors of the Company, who shall be appointed by the Board.

 (b) Committee Responsibilities. The Committee shall have full power and authority, subject to the provisions of the
Plan, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the administration of the Plan, and to take all action in connection therewith or in relation
thereto as it deems necessary or advisable. Any decision reduced to writing and signed by all of the members of the Committee shall be fully effective as if it had been made at a meeting duly held. The Committee’s determinations under the Plan,
unless otherwise determined by the Board, shall be final and binding on all persons. The Company shall pay all expenses incurred in the administration of the Plan. No member of the Committee shall be personally liable for any action, determination,
or interpretation made in good faith with respect to the Plan, and all members of the Committee shall be fully indemnified by the Company with respect to any such action, determination or interpretation. The Committee may adopt such rules,
guidelines and forms as it deems appropriate to implement the Plan, including sub plans which the Committee may establish (which need not qualify under Section 423 of the Code) for the purpose of (i) facilitating participation in the Plan
by non-U.S. employees in compliance with foreign laws and regulations without affecting the qualification of the remainder of the Plan under Section 423 of the Code or (ii) qualifying the Plan for preferred tax treatment under foreign tax
laws (which sub plans, at the Committee’s discretion, may provide for allocations of the authorized Shares reserved for issue under the Plan as set forth in Section 14(a)). The rules of such sub plans may take precedence over other
provisions of the Plan, with the exception of Section 14(a), but unless otherwise superseded by the terms of such sub plan, the provisions of the Plan shall govern the operation of such sub plan. Alternatively and in order to comply with the
laws of a foreign jurisdiction, the Committee shall have the power, in its discretion, to grant options in an Offering to citizens or residents of a non-U.S. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 3 

 
jurisdiction (without regard to whether they are also citizens of the United States or resident aliens) that provide terms which are less favorable than the terms of options granted under the
same Offering to employees resident in the United States, subject to compliance with Section 423 of the Code. Notwithstanding anything to the contrary in the Plan, the Board may, in its sole discretion, at any time and from time to time,
resolve to administer the Plan. In such event, the Board shall have all of the authority and responsibility granted to the Committee herein. 

SECTION 4 Enrollment And Participation. 
 (a) Offering Periods. While the Plan is in effect, the Committee may from time to time grant options to purchase shares of Stock pursuant to the Plan to Eligible Employees during a specified
Offering Period. Each such Offering shall be in such form and shall contain such terms and conditions as the Committee shall determine, subject to compliance with the terms and conditions of the Plan (which may be incorporated by reference) and the
requirements of Section 423 of the Code, including the requirement that all Eligible Employees have the same rights and privileges. The Committee shall specify prior to the commencement of each Offering (i) the period during which the
Offering shall be effective, which may not exceed 27 months from the Offering Date and may include one or more successive Purchase Periods within the Offering, (ii) the Purchase Dates and Purchase Price for shares of Stock which may be
purchased pursuant to the Offering, and (iii) if applicable, any limits on the number of shares purchasable by a Participant, or by all Participants in the aggregate, during any Offering Period or, if applicable, Purchase Period, in each case
consistent with the limitations of the Plan. The Committee shall have the discretion to provide for the automatic termination of an Offering following any Purchase Date on which the Fair Market Value of a share of Stock is equal to or less than the
Fair Market Value of a share of Stock on the Offering Date, and for the Participants in the terminated Offering to be automatically re-enrolled in a new Offering that commences immediately after such Purchase Date. The terms and conditions of each
Offering need not be identical, and shall be deemed incorporated by reference and made a part of the Plan. 
 (b)
Enrollment. Any individual who, on the day preceding the first day of an Offering Period, qualifies as an Eligible Employee may elect to become a Participant in the Plan for such Offering Period by executing the enrollment form prescribed for
this purpose by the Company. The enrollment form shall be filed with the Company in accordance with such procedures as may be established by the Company. If the Committee commences an Offering on the date of the IPO, the Committee may provide for
the automatic enrollment of all Eligible Employees in such Offering. 
 (c) Duration of Participation. Once enrolled in
the Plan, a Participant shall continue to participate in the Plan until he or she ceases to be an Eligible Employee or withdraws from the Plan under Section 6(a). A Participant who withdrew from the Plan under Section 6(a) may again become
a Participant, if he or she then is an Eligible Employee, by following the procedure described in Subsection (b) above. A Participant whose employee contributions were discontinued automatically under Section 9(b) shall automatically
resume participation at the beginning of the earliest Offering Period ending in the next calendar year, if he or she then is an Eligible Employee. When a Participant reaches the end of an Offering Period but his or her participation is to continue,
then such Participant shall automatically be re-enrolled for the Offering Period that commences immediately after the end of the prior Offering Period. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 4 

 SECTION 5 Employee Contributions. 

(a) Frequency of Payroll Deductions. A Participant may purchase shares of Stock under the Plan solely by means of payroll
deductions; provided, however, that to the extent provided in the terms and conditions of an Offering, a Participant may also make contributions through payment by cash or check prior to one or more Purchase Dates during the Offering. Payroll
deductions, subject to the provisions of Subsection (b) below or as otherwise provided by the Committee, shall occur on each payday during participation in the Plan. 
 (b) Amount of Payroll Deductions. An Eligible Employee shall designate on the enrollment form the portion of his or her Compensation that he or she elects to have withheld for the purchase of
Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than 1% nor more than 15%. However, no payroll deduction will be made unless a Participant timely files the proper form with the Company after
a registration statement covering the Stock is filed and effective under the Securities Act of 1933, as amended. 
 (c)
Changing Withholding Rate. A Participant may not increase the rate of payroll withholding during the Purchase Period, but unless otherwise provided under the terms and conditions of an Offering, may discontinue or decrease the rate of payroll
withholding to a whole percentage of his or her Compensation in accordance with such procedures and subject to such limitations as the Company may establish for all Participants. A Participant may also increase or decrease the rate of payroll
withholding effective for a new Purchase Period by filing a new enrollment form with the Company at the prescribed location and time. The new withholding rate shall be a whole percentage of the Eligible Employee’s Compensation, but not less
than 1% nor more than 15%. 
 (d) Discontinuing Payroll Deductions. If a Participant wishes to discontinue employee
contributions entirely, he or she may do so by withdrawing from the Plan pursuant to Section 6(a). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b). 

SECTION 6 Withdrawal From The Plan. 
 (a) Withdrawal. A Participant may elect to withdraw from the Plan by filing the prescribed form with the Company at the prescribed location. Such withdrawal may be elected at any time before the
last day of an Offering Period, except as otherwise provided in the Offering. In addition, if payment by cash or check is permitted under the terms and conditions of an Offering, Participants may be deemed to withdraw from the Plan by declining or
failing to remit timely payment to the Company for the shares of Stock. As soon as reasonably practicable thereafter, payroll deductions shall cease and the entire amount credited to the Participant’s Plan Account shall be refunded to him or
her in cash, without interest. No partial withdrawals shall be permitted. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 5 

 (b) Re-enrollment After Withdrawal. A former Participant who has withdrawn from the
Plan shall not be a Participant until he or she re-enrolls in the Plan under Section 4(b). Re-enrollment may be effective only at the commencement of an Offering Period. 
 SECTION 7 Change In Employment Status. 
 (a) Termination of
Employment. Termination of employment as an Eligible Employee for any reason, including death, shall be treated as an automatic withdrawal from the Plan under Section 6(a). A transfer from one Participating Company to another shall not be
treated as a termination of employment. 
 (b) Leave of Absence. For purposes of the Plan, employment shall not be deemed
to terminate when the Participant goes on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing. Employment, however, shall be deemed to terminate three months after the Participant
goes on a leave, unless a contract or statute guarantees his or her right to return to work. Employment shall be deemed to terminate in any event when the approved leave ends, unless the Participant immediately returns to work. 

(c) Death. In the event of the Participant’s death, the amount credited to his or her Plan Account shall be paid to the
Participant’s estate. 
 SECTION 8 Plan Accounts And Purchase Of Shares. 

(a) Plan Accounts. The Company shall maintain a Plan Account on its books in the name of each Participant. Whenever an amount is
deducted from the Participant’s Compensation under the Plan, such amount shall be credited to the Participant’s Plan Account. Amounts credited to Plan Accounts shall not be trust funds and may be commingled with the Company’s general
assets and applied to general corporate purposes. No interest shall be credited to Plan Accounts. 
 (b) Purchase Price.
The Purchase Price for each share of Stock purchased during an Offering Period shall not be less than the lesser of: 
 (i) 85% of the Fair Market Value of such share on the Purchase Date; or 
 (ii) 85% of the Fair Market Value of such share on the last Trading Day preceding the Offering Date, or in the case of an Offering Period that commences on the IPO, 85% of the price at which one share of
Stock is offered to the public in the IPO. 
 (c) Number of Shares Purchased. As of each Purchase Date, each Participant
shall be deemed to have elected to purchase the number of shares of Stock calculated in accordance with this Subsection (c), unless the Participant has previously elected to withdraw from the Plan in accordance with Section 6(a). The
amount then in the Participant’s Plan Account shall be divided by the Purchase Price, and the number of shares that results shall be purchased from the Company with the funds in the Participant’s Plan Account. The foregoing
notwithstanding, no Participant shall purchase more than such number of shares of Stock as may be determined by the Committee with respect to the Offering Period, or Purchase Period, if applicable, nor more than the amounts of Stock set forth in
Sections 9(b) and 14(a). For each Offering Period and, if applicable, Purchase Period, the Committee shall have the authority to establish additional limits on the number of shares purchasable by all Participants in the aggregate. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 6 

 (d) Available Shares Insufficient. In the event that the aggregate number of shares
that all Participants elect to purchase during an Offering Period exceeds the maximum number of shares remaining available for issuance under Section 14(a), or which may be purchased pursuant to any additional aggregate limits imposed by the
Committee, then the number of shares to which each Participant is entitled shall be determined by multiplying the number of shares available for issuance by a fraction, the numerator of which is the number of shares that such Participant has elected
to purchase and the denominator of which is the number of shares that all Participants have elected to purchase. 
 (e)
Issuance of Stock.Certificates representing the shares of Stock purchased by a Participant under the Plan shall be issued to him or her as soon as reasonably practicable after the applicable Purchase Date, except that the Committee may
determine that such shares shall be held for each Participant’s benefit by a broker designated by the Committee (unless the Participant has elected that certificates be issued to him or her). Shares may be registered in the name of the
Participant or jointly in the name of the Participant and his or her spouse as joint tenants with right of survivorship or as community property. 
 (f) Unused Cash Balances. An amount remaining in the Participant’s Plan Account that represents the Purchase Price for any fractional share shall be carried over in the Participant’s Plan
Account to the next Offering Period or refunded to the Participant in cash, without interest, if his or her participation is not continued. Any amount remaining in the Participant’s Plan Account that represents the Purchase Price for whole
shares that could not be purchased by reason of Subsection (c) or (d) above, Section 9(b) or Section 14(a) shall be refunded to the Participant in cash, without interest. 

(g) Stockholder Approval. The Plan shall be submitted to the stockholders of the Company for their approval within twelve
(12) months after the date the Plan is adopted by the Board. Any other provision of the Plan notwithstanding, no shares of Stock shall be purchased under the Plan unless and until the Company’s stockholders have approved the adoption of
the Plan. 
 SECTION 9 Limitations On Stock Ownership. 
 (a) Five Percent Limit. Any other provision of the Plan notwithstanding, no Participant shall be granted a right to purchase Stock under the Plan if such Participant, immediately after his or her
election to purchase such Stock, would own stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any parent or Subsidiary of the Company. For purposes of this Subsection (a), the following
rules shall apply: 
 (i) Ownership of stock shall be determined after applying the attribution rules of
section 424(d) of the Code; 
 (ii) Each Participant shall be deemed to own any stock that he or she has a
right or option to purchase under this or any other plan; and 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 7 

 (iii) Each Participant shall be deemed to have the right to purchase up to
the maximum number of shares of Stock that may be purchased by a Participant under this Plan under the individual limit specified pursuant to Section 8(c) with respect to each Offering Period. 

(b) Dollar Limit. Any other provision of the Plan notwithstanding, no Participant shall accrue the right to purchase Stock at a
rate which exceeds $25,000 of Fair Market Value of such Stock per calendar year (under this Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary of the Company), determined in accordance with the provisions of
section 423(b)(8) of the Code and applicable Treasury Regulations promulgated thereunder. 
 For purposes of this
Subsection (b), the Fair Market Value of Stock shall be determined as of the beginning of the Offering Period in which such Stock is purchased. Employee stock purchase plans not described in section 423 of the Code shall be disregarded. If
a Participant is precluded by this Subsection (b) from purchasing additional Stock under the Plan, then his or her employee contributions shall automatically be discontinued and shall resume at the beginning of the earliest Offering Period
ending in the next calendar year (if he or she then is an Eligible Employee). 
 SECTION 10 Rights Not Transferable. 

The rights of any Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled
under the Plan, shall not be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner other than by the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or
otherwise encumber his or her rights or interest under the Plan, other than by the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a). 

SECTION 11 No Rights As An Employee 
 Nothing in the Plan or in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a Participating Company for any period of specific duration or interfere
with or otherwise restrict in any way the rights of the Participating Companies or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her employment at any time and for any reason, with or without cause.

 SECTION 12 No Rights As A Stockholder. 
 A Participant shall have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the Plan until such shares have been purchased on the applicable
Purchase Date. 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 8 

 SECTION 13 Securities Law Requirements. 

Shares of Stock shall not be issued under the Plan unless the issuance and delivery of such shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. 
 SECTION 14 Stock Offered Under The Plan.

 (a) Authorized Shares. The maximum aggregate number of shares of Stock available for purchase under the Plan is
2,000,000 shares, plus an annual increase to be added on the first day of each of the Company’s fiscal years, beginning with the fiscal year that begins February 1, 2014, equal to the least of (i) 2,000,000 shares,
(ii) three-quarters of one percent (0.75 percent) of the outstanding shares of Stock on such date or (iii) if the Board acts prior to the first day of the fiscal year, such lesser amount (including zero) that the Board determines for
purposes of the annual increase for that fiscal year; provided, however, that no annual increase shall be added more than ten years after the Effective Date of the Plan. The aggregate number of shares available for purchase under the Plan shall at
all times be subject to adjustment pursuant to Section 14. 
 (b) Antidilution Adjustments. The aggregate number of
shares of Stock offered under the Plan, the individual and aggregate Participant share limitations described in Section 8(c) and the price of shares that any Participant has elected to purchase shall be adjusted proportionately by the Committee
in the event of any change in the number of issued shares of Stock (or issuance of shares other than Common Stock) by reason of any forward or reverse share split, subdivision or consolidation, or share dividend or bonus issue, recapitalization,
reclassification, merger, amalgamation, consolidation, split-up, spin-off, reorganization, combination, exchange of shares of Stock, the issuance of warrants or other rights to purchase shares of Stock or other securities, or any other change in
corporate structure or in the event of any extraordinary distribution (whether in the form of cash, shares of Stock, other securities or other property). 
 (c) Reorganizations. Any other provision of the Plan notwithstanding, immediately prior to the effective time of a Corporate Reorganization, the Offering Period then in progress shall terminate and
shares shall be purchased pursuant to Section 8, unless the Plan is assumed by the surviving corporation or its parent corporation pursuant to the plan of merger or consolidation. The Plan shall in no event be construed to restrict in any way
the Company’s right to undertake a dissolution, liquidation, merger, consolidation or other reorganization. 
 SECTION 15
Amendment Or Discontinuance. 
 The Board (or any committee thereof to which it delegates such authority) shall have the
right to amend, suspend or terminate the Plan at any time and without notice. Upon any such amendment, suspension or termination of the Plan during an Offering Period, the Board (or any committee thereof to which it delegates such authority) may in
its discretion determine that the applicable Offering shall immediately terminate and that all amounts in the Participant Accounts shall be carried forward into a payroll deduction account for each Participant under a successor plan, if any, or
promptly refunded to each Participant. Except as provided in Section 14, any increase in the aggregate number of shares of Stock to be issued under the Plan shall be subject to approval by a vote of the stockholders of the Company. In addition,
any other amendment of 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 9 

 
the Plan shall be subject to approval by a vote of the stockholders of the Company to the extent required by an applicable law or regulation. This Plan shall continue until the earlier to occur
of (a) termination of this Plan pursuant to this Section 15 or (b) issuance of all of the shares of Stock reserved for issuance under this Plan. 
 SECTION 16 Execution. 
 To record the adoption of the Plan by the
Board, the Company has caused its authorized officer to execute the same. 
  

			
	VIOLIN MEMORY, INC.
		
	 By:
	 	 
		
	 Title:
	 	 
		
	 Date:
	 	 

  
 VIOLIN MEMORY, Inc. Employee
Stock Purchase Plan 
 10EX-10.13

 Exhibit 10.13 
 CATALYST 
 CONSULTING SERVICES AGREEMENT 

Effective Date: February 1, 2012 

This Agreement is made by and between Violin Memory, Inc. (“Client”) having a place of business at 685 Clyde Avenue, Mountain View, CA
94043 and Catalyst Operating, a series of Catalyst Emerging Business Advisors, LLC, a Delaware Series LLC (“Catalyst”) having a principal place of business at 25 Metro Dr. Ste. 525, San Jose, CA 95110. 

1. Engagement of Service. Client agrees to engage Catalyst under the terms and conditions of this Agreement. Subject to the terms of this
Agreement and any such engagement detail, Catalyst will render services (“Services”) as set forth in the Engagement Project attached hereto as Exhibit A and incorporated hereby by reference thereto (“Engagement
Project”). 
 2. Compensation. Client will pay Catalyst the compensation set forth in the Engagement Project for Services
rendered pursuant to this Agreement and the Engagement Project in question. Catalyst will be reimbursed for expenses, which are identified in the Engagement Project, or have been pre-approved by Client. Invoices for expenses will be paid by Client
net thirty (30) days of receipt (unless otherwise set forth in the Engagement Project). 
 3. Representations by Client and
Catalyst. During the term of this Agreement, the parties represent and warrant as follows: 
 a. Client materials,
communications, representations and requests made to Catalyst in the course of this Agreement are not, to Client’s knowledge, false, deceptive, misleading or illegal, and that Client has all necessary rights to use and distribute such
materials; and 
 b. Client will timely and reasonably cooperate with Catalyst, and will devote the necessary time, attention,
personnel and energy to assist Catalyst in the performance of Services under this Agreement. 
 c. Catalyst, in the performance
of its duties hereunder, will exercise its best efforts in performing the Services contemplated hereunder. 
 d. Catalyst will
accurately represent itself to prospects, will respond promptly to prospects, will uphold a high standard of professionalism, ethics, and quality during the engagement and will not make any representations, warranties or statements about Client or
its products that are inconsistent with Client statements or product specifications or that, to Catalyst’s knowledge, are false, deceptive, misleading, illegal. 
 4. Warranties as to Contractual Capacity. Each party warrants and represents to the other party that it: (1) is duly formed and organized, have the requisite legal authority and the
ability to enter into this Agreement and to perform according to its terms; (2) has no legal, contractual or other restriction preventing it from entering into this Agreement, performing according to its terms and paying the compensation as set
forth in this Agreement; (3) is ready, 

 
willing and able to perform under this Agreement; and (4) is not party to any other agreement or understanding, and does not have any obligations which conflict, or may conflict with the
terms, conditions and purposes of this Agreement. Each person signing this Agreement personally warrants and represents that the signer has: (i) full legal authority to sign this Agreement on behalf of the signer’s company and to bind the
company to the terms and conditions contained in this Agreement; and (ii) obtained all necessary or required approvals authorizations and consents from the owners, directors or officers of the signer’s company, prior to signing this
Agreement. 
 5. Independent Contractor Relationship. Catalyst’s relationship with Client is that of an independent
contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship. Catalyst will report as income all compensation received by Catalyst pursuant to this
Agreement. No part of Catalyst’s compensation shall be subject to withholding by Client for the payment of any social security, federal, state or any other employee payroll taxes. Catalyst is a limited liability company, and Client may report
amounts paid to Catalyst by filing form 1099-Misc. with the IRS as required. Catalyst’s federal employee identification number is 20-1306307. Except as may explicitly be set forth in the Engagement Project, Catalyst and Catalyst’s
employees will not be entitled to participate in any plans, arrangements, or distributions by Client pertaining to any bonus, stock option, profit sharing, insurance or any similar or other benefits for Client’s employees. Catalyst will not
make any representation, contract or commitment on behalf of Client unless specifically requested or authorized in writing to do so by Client. Catalyst will maintain adequate insurance to protect Client from the following: (i) claims under
worker’s compensation an state disability acts; (ii) claims far damages because of bodily injury, sickness, disease or death which arise out of any negligent act or omission of Catalyst; and (iii) claims for damages because of injury
to or destruction of tangible or intangible property, including loss of use resulting there from, which arise out of any negligent act or omission of Catalyst. 
 6. Confidential Information. 
 a. Definition.
“Confidential Information” means: (i) any and all non-public technical and business information of each party, including without limitation, any information relating to a party’s know-how, current, future and proposed
products and services, financial information, customer lists, business forecasts, sales and consulting, marketing plans and information; and (ii) any other information of a party that is disclosed in writing and is conspicuously designated as
“Confidential” at the time of disclosure or such other information which, because of its contents or circumstances of creation would be deemed confidential. 
 b. Exclusions. “Confidential Information” will not include any information that: (i) is or becomes generally known to the public through no fault or breach of this Agreement
by the receiving party; (ii) the receiving party can demonstrate was rightfully in the receiving party’s possession at the time of disclosure, without an obligation of confidentiality; (iii) is Independently developed by the receiving
party without use of or access to the disclosing party’s Confidential Information; or (iv) the receiving party rightfully obtains from a third party not under a duty of confidentiality and without restriction on use or disclosure.

  
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 c. Obligations. Each party will maintain in confidence all Confidential
Information of the other party and will not use such Confidential Information except as expressly permitted herein. Each party will take all reasonable measures to maintain the confidentiality of such Confidentiality Information, but not less than
the measures it uses for its confidential information of similar importance. Each party will limit the disclosure of Confidential Information of the other to those of its employees and contractors with a bona fide need to access such Confidential
Information for a party’s exercise of its rights and obligations under this Agreement; provided that all such employees and contractors are subject to binding use and disclosure restrictions at least as protective as those set forth herein.

 d. In the event of Catalyst’s actual or threatened breach of the provisions of this paragraph, Client shall be entitled
to an injunction restraining Catalyst there from. Nothing shall be construed as prohibiting Client from pursuing any other available remedies for such breach or threatened breach, including the recovery of damages from the Catalyst. The obligations
of Catalyst under this Paragraph shall survive the termination or expiration of Catalyst’s engagement hereunder. 
 7.
Indemnification. 
 a. For purposes of this paragraph; (i) the term “Claims” shall be defined
as any and all claims, demands, or causes of action brought by third parties and any liabilities, losses, damages or expenses resulting there from, including, but not limited to, taxes, penalties and interest, accounting fees, expert and
professional fees, court costs and reasonable attorney fees; and (ii) the term “Acts” shall be defined as a material misstatement of any representation and/or a breach of any covenant or warranty made by a party or its
employees under this Agreement, or any overt acts committed by a party or its employees that harm the other party or invade the other party’s privacy and confidential communications including, but not limited to, the unauthorized use or
invasion of, or interference with, the other party’s computer hardware or software, electronic equipment, business operations or intellectual property. 
 b. Catalyst hereby agrees to defend, indemnify and hold harmless Client from and against any and all Claims arising out of or relating to any Acts committed by Catalyst; and Client hereby agrees to
defend, indemnify and hold harmless Catalyst from and against any and all Claims arising out of or related to any Acts committed by Client. 
 c. Each party agrees to give the other prompt notice of any such Claims and will, to the extent a party is not adversely affected, cooperate fully with the other party in the defense and settlement
thereof. The indemnifying party shall have sole authority to control the defense and settlement of any such Claims. 
 8.
Professionalism. Catalyst is responsible for performing the Services in a competent and professional manner. Catalyst may hire others to perform the Services under this agreement. Catalyst will be held legally responsible and liable
for any and all breaches of this Agreement by Catalyst or its agents or contractors that cause damage or loss to Client. 
 9. Term and
Termination. This Agreement is effective as of the Effective Date set forth above and will continue in effect for one (1) year or 365 days unless otherwise terminated, which may be accomplished by either party, at any time, for any or
no reason, upon at least 30 days prior written notice to the other party (“Termination”) In the event of Termination, Catalyst shall be entitled to receive payment for (a) all expenses properly incurred hereunder prior to the
date of Termination, (b) any Commissions earned (as defined in Exhibit A hereto) prior to Termination. 

  
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 10. Notices. Any notice required or permitted by this Agreement shall be in writing and shall
be delivered as follows with notice deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt; (c) by telecopy or facsimile transmission upon
acknowledgement of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth above or such other address as either party
may specify in writing. 
 11. Successors and Assigns. Neither party may assign such party’s rights or delegate such
party’s duties under this Agreement either in whole or in part without the prior written consent of the other party. Any attempted assignment or delegation without such consent will be void. Notwithstanding the foregoing, Client may assign this
contract to any person, firm, or entity acquiring a 50% or greater stake in Client (“Change of Control”). 
 12.
Miscellaneous. (a) This Agreement shall be interpreted according to the laws of the state of California, without regard to its choice of law principles. (b) This Agreement shall inure to the benefit of and is binding on the
parties hereto, their heirs, successors, and permitted assigns. (c) If either party breaches this Agreement and a lawsuit is brought thereon, the prevailing party shall be entitled to receive, as additional damages, reasonable attorney’s
fees and costs. (d) The paragraph headings are for convenience only and do not limit, modify or interpret this Agreement. (e) In this Agreement when the text so indicates, the singular shall include the plural and vice-versa and the
masculine, feminine and neuter genders shall also include the other genders. (f) If any provision of this Agreement or the application thereof, shall for any reason and to any extent be determined by a court of competent jurisdiction to be
invalid or unenforceable under applicable law, the remaining provisions of this Agreement shall be interpreted so as best to reasonably effect the intent of the parties hereto. The parties further agree to replace any such invalid or unenforceable
provisions with valid and enforceable provisions designed to achieve, to the extent possible, the business purposes and intent of such invalid and unenforceable provisions. (g) This Agreement represents the entire understanding of the parties
and supersedes all prior negotiations and agreement with respect to the subject matter hereof; there are no other warranties, agreements or representations, whether written or oral, affecting this Agreement. (h) This Agreement (nor any
provision hereof) cannot be waived, modified, altered or changed in whole or in part unless by writing signed by the affected parties. (i) Each party agrees to cooperate and execute any and all documents, filings and instructions necessary or
appropriate to carry the objectives of this Agreement into effect. (j) The parties hereto shall not make any statements or take any positions, whether written or oral, with any third party, government agency or government instrumentality which
are inconsistent with, or contrary to, this Agreement. (k) This Agreement and any amendment hereto can be signed in counterparts and each counterpart shall be considered as part of the original. 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above. 

 

									
	Violin Memory, Inc.	 		 	 Catalyst Operating, a series of Newman
 Enterprises, LLC, a Delaware series LLC

					
	By:	 	 /s/ Donald Basile
	 		 	By:	 	/s/ Jeffrey J. Newman
	 Name: Donald Basile
	 		 	Name: Jeffrey J. Newman
	 Title: Chief Executive Officer
	 		 	Title: Series Manager and Chief Executive Officer
			
	 DATE: 3/19/12
	 		 	 DATE: 3/24/12

  
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 EXHIBIT A 
 ENGAGEMENT PROJECT 
 This Engagement Project is expressly incorporated into and made
a part of the Consulting Services Agreement between the Parties. 
  

			
	Client Responsible Party:	 	Donald Basile, Chief Executive Officer
		
	Catalyst Responsible Party:	 	Jeffrey J. Newman, Chief Executive Officer

 Description of Engagement Project and Services to be Performed: 

 

	 	1.	Catalyst will identify, contact and solicit participation from Catalyst Fellows to interact with Client in the Industry Intelligence Resource Program.

  

	 	2.	Client will create a series of Industry Advisory Boards (IAB) consisting of a 30 to 60 members overall. Client will actively review and accept nominations to the IAB,
which are proposed by Catalyst including those recommended from the Industry Segment Targets. 

  

	 	3.	Catalyst will assist Client in utilizing the Industry Intelligence Resource Program and help recruit particular Catalyst Fellows of strong desire to Client, for the
purpose of becoming Client Industry Advisory Board members. 

 C. Service Fee Compensation: 

Base Fee: 
  

	 	•	 	 In consideration of Services to be rendered, Client will pay Catalyst a non-refundable fee in the amount of Thirty Thousand U.S. dollars ($30,000) per
month (“Base Fee”). The first month’s Base Fee is due upon February 1st, 2012. 

 D. Air Travel: 

Catalyst shall be entitled to fly business class on any and all flights over six hours in time or upon international flights. All travel
must be pre-approved by Client. 

  
 A-1

 IN WITNESS WHEREOF: the parties have executed this Engagement Project as an Exhibit to the Consulting
Services Agreement as of the effective date of the Consulting Services Agreement. 
  

									
	Violin Memory, Inc.	 		 	 Catalyst Operating, a series of Newman
 Enterprises, LLC, a Delaware series LLC

					
	By:	 	 /s/ Donald Basile
	 		 	By:	 	/s/ Jeffrey J. Newman
	 Name: Donald Basile
	 		 	Name: Jeffrey J. Newman
	 Title: Chief Executive Officer
	 		 	Title: Series Manager and Chief Executive Officer
			
	 DATE: 3/19/12
	 		 	 DATE: 3/24/12

  
 A-2

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