Document:

Warrant to Purchase Shares of Common Stock (Greenspring Crossover Ventures I, LP

 Exhibit 10.61 
 THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR
OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT
TO RULE 144 UNDER SUCH ACT. 
  

			
	 Date of Issuance
	  	Void after
	 July 15, 2011
	  	July 15, 2017

 GLASSHOUSE TECHNOLOGIES, INC. WARRANT TO PURCHASE SHARES OF COMMON STOCK 

For the purchase price of $0.001 per share (the “Warrant Price”) the receipt and sufficiency of which is hereby acknowledged,
this Warrant is issued to GreenSpring Crossover Ventures I, L.P. or its assigns (the “Holder”) by GlassHouse Technologies, Inc., a Delaware corporation (the “Company”). 
 1. Purchase of Shares. 
 (a) Number of Shares. Subject to the terms
and conditions set forth herein, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the Holder in writing), to purchase from the Company up to the number
of fully paid and nonassessable shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) as calculated pursuant to section 2(b) below (the “Warrant Shares”). 

(b) Calculation of Warrant Shares. The Holder of this Warrant shall be entitled to purchase from the Company up to the number of
Warrant Shares as calculated pursuant to the following equation below. For the avoidance of doubt, should the number of Warrant Shares as calculated below equal a number that is less than zero, then this Warrant shall no longer be exercisable and
shall become null and void. 
  

													
	 Warrant Shares
	 	 
	=  
	( 
	 	Series F Aggregate Purchase Price
 Post IPO Price
	 	 
	)  —
	  
	 	 Series F Shares

	 	 	 	 

 For the purposes of this Warrant: 

“Series F Aggregate Purchase Price” = $1,000,002.56 (as adjusted for stock splits, stock dividends, combinations,
recapitalizations or the like). 
 “Series F Shares” = 367,648 (as adjusted for stock splits, stock dividends,
combinations, recapitalizations or the like). 

 “Post IPO Price” = The volume weighted average closing price of the Company’s
Common Stock as quoted on any exchange or electronic securities market on which the shares of the Company’s Common Stock are listed, as published in The Wall Street Journal for the thirty (30) trading days prior to the Commencement
Date (as defined below). 
 (c) Exercise Price. The exercise price for the Warrant Shares issuable pursuant to this
Section 1 shall be $0.01 per share (the “Exercise Price”). The Warrant Shares and the Exercise Price shall be subject to adjustment pursuant to Section 9 hereof. 

2. Exercise Period. This Warrant shall be exercisable, in whole or in part, during the term commencing upon the day that
immediately follows the expiration of the Lock-Up Period described in Section 19 hereto (the “Commencement Date”) and ending at 5:00 p.m. Eastern Time on July __, 2017 (the “Exercise Period”); provided,
however, that this Warrant shall no longer be exercisable and become null and void upon the consummation of a Liquidation Event or Extraordinary Transaction, as such terms are defined below (collectively, a “Corporate Transaction”).
In the event of a Corporate Transaction, the Company shall notify the Holder at least ten (10) business days prior to the consummation of such Corporate Transaction. 
 For the purposes of this Warrant: 
 “Liquidation Event” shall mean any
liquidation, dissolution or winding up of the Company, whether voluntary or involuntary. 
 “Extraordinary Transaction”
shall mean (a) a merger or consolidation of the Company with or into another entity (except for a merger or consolidation in which the holders of capital stock of the Company immediately prior to such merger or consolidation continue to hold at
least a majority of the outstanding voting power of such surviving entity), (b) the closing of the sale or transfer of all or substantially all of the properties and assets of the Company, (c) the closing of any purchase of shares of
capital stock of the Company (either through a negotiated stock purchase or a tender for such shares) by any party or group that did not beneficially own a majority of the voting power of the outstanding shares of capital stock of the Corporation
immediately prior to such purchase, the effect of which is that such party or group beneficially owns at least a majority of such voting power immediately after such purchase, or (d) the redemption or repurchase of shares, the effect of which
is that any party or group that did not beneficially own a majority of the voting power of the outstanding shares of capital stock of the Company immediately prior to such redemption or repurchase beneficially owns a majority of the voting power of
the outstanding shares of capital stock of the Company after such redemption or repurchase. 
 3. Method of Exercise.

 (a) While this Warrant remains outstanding and exercisable in accordance with Section 2 above, the Holder may exercise,
in whole or in part, the purchase rights evidenced hereby. Such exercise shall be effected by: 

 (i) the surrender of the Warrant, together with a duly executed copy of the Notice of
Exercise attached hereto, to the Secretary of the Company at its principal office (or at such other place as the Company shall notify the Holder in writing); and 
 (ii) the payment to the Company of an amount equal to the aggregate Exercise Price for the number of Warrant Shares being purchased. 

(b) Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close of business on the day on which
this Warrant is surrendered to the Company as provided in Section 3(a) above. At such time, the person or persons in whose name or names any certificate for the Warrant Shares shall be issuable upon such exercise as provided in
Section 3(c) below shall be deemed to have become the holder or holders of record of the Warrant Shares represented by such certificate. 
 (c) As soon as practicable after the exercise of this Warrant in whole or in part the Company at its expense will cause to be issued in the name of, and delivered to, the Holder, or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may direct: 
 (i) a certificate or certificates for the number of
Warrant Shares to which such Holder shall be entitled, and 
 (ii) in case such exercise is in part only, a new warrant or
warrants (dated the date hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of Warrant Shares equal to the number of such Warrant Shares described in this Warrant minus the number of such Warrant Shares
purchased by the Holder upon all exercises made in accordance with Section 3(a) above or Section 4 below. 
 (d)
Notwithstanding the provisions of Section 2, if the holder has not exercised this Warrant prior to the closing of a Corporate Transaction, this Warrant shall automatically be deemed to be exercised in full in the manner set forth in
Section 4, without any further action on behalf of the Holder immediately prior to such closing. 
 4. Net Exercise.
In lieu of exercising this Warrant for cash, the Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the principal office of the Company together with notice
of such election (a “Net Exercise”). A Holder who Net Exercises shall have the rights described in Sections 3(b) and 3(c) hereof, and the Company shall issue to such Holder a number of Warrant Shares computed using the following formula:

  

					
	X	 	=  	  	Y(A-B)
	 	  	A

 Where 
 X = The number of Warrant Shares to be issued to the Holder. 

 Y = The number of Warrant Shares purchasable under this Warrant or, if only
a portion of the Warrant is being exercised, the portion of the Warrant being exercised (at the date of such calculation). 
 A = The fair market value of one (1) Warrant Share (at the date of such calculation). 
 B = The Exercise Price (as adjusted to the date of such calculation). 
 For
purposes of this Section 4, the fair market value of a Warrant Share shall mean the average of the closing prices of the Warrant Shares (or equivalent shares of Common Stock underlying this Warrant) quoted in the over-the-counter market in
which the Warrant Shares (or equivalent shares of Common Stock underlying the Warrant) are traded or the closing price quoted on any exchange or electronic securities market on which the Warrant Shares (or equivalent shares of Common Stock
underlying the Warrant) are listed, whichever is applicable, as published in The Wall Street Journal for the thirty (30) trading days prior to the date of determination of fair market value (or such shorter period of time during which
such Warrant Shares were traded over-the-counter or on such exchange). If the Warrant Shares are not traded on the over-the-counter market, an exchange or an electronic securities market, the fair market value shall be the price per Share that the
Company could obtain from a willing buyer for Warrant Shares sold by the Company from authorized but unissued Warrant Shares, as such prices shall be determined in good faith by the Company’s Board of Directors. 

5. Representations and Covenants of the Company. In connection with the transactions provided for herein, the Company hereby
represents and warrants to the Holder that: 
 (a) Organization, Good Standing, and Qualification. The Company is a
corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted. The Company is duly qualified to transact
business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or properties. 
 (b) Authorization. Except as may be limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors’ rights, all corporate
action has been taken on the part of the Company, its officers, directors, and stockholders necessary for the authorization, execution and delivery of this Warrant. The Company has taken all corporate action required to make all the obligations of
the Company reflected in the provisions of this Warrant the valid and enforceable obligations they purport to be. The issuance of this Warrant will not be subject to preemptive rights of any stockholders of the Company or the necessary waivers will
have been received by the Company with respect to such preemptive rights. The Company has authorized sufficient shares of Common Stock to allow for the exercise of this Warrant. 

(c) Notices of Record Date. In the event of any taking by the Company of a record of the holders of any class of securities for the
purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in previous quarters and stock dividends) or other distribution, the Company shall mail to the
Holder, at least ten (10) days prior to such record date, a notice specifying the date on which any such record is to be taken for the purpose of such dividend or distribution. 

 6. Representations and Warranties of the Holder. In connection with the transactions
provided for herein, the Holder hereby represents and warrants to the Company that: 
 (a) Authorization. Holder
represents that it has full power and authority to enter into this Warrant. This Warrant constitutes the Holder’s valid and legally binding obligation, enforceable in accordance with its terms, except as may be limited by (i) applicable
bankruptcy, insolvency, reorganization, or similar laws relating to or affecting the enforcement of creditors’ rights and (ii) laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

 (b) Purchase Entirely for Own Account. The Holder acknowledges that this Warrant is entered into by the Holder in
reliance upon such Holder’s representation to the Company that the Warrant and the Warrant Shares (collectively, the “Securities”) will be acquired for investment for the Holder’s own account, not as a nominee or agent, and not
with a view to the resale or distribution of any part thereof, and that the Holder has no present intention of selling, granting any participation in or otherwise distributing the same. By acknowledging this Warrant, the Holder further represents
that the Holder does not have any contract, undertaking, agreement, or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to the Securities. 

(c) Disclosure of Information. The Holder acknowledges that it has received all the information it considers necessary or
appropriate for deciding whether to acquire the Securities. The Holder further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of the Securities.

 (d) Investment Experience. The Holder is an investor in securities of companies in the development stage and
acknowledges that it is able to fend for itself, can bear the economic risk of its investment, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the
Securities. If other than an individual, the Holder also represents it has not been organized solely for the purpose of acquiring the Securities. 
 (e) Accredited Investor. The Holder is an “accredited investor” within the meaning of Rule 501 of Regulation D, as presently in effect, as promulgated by the Securities and Exchange
Commission (the “SEC”) under the Act. 
 (f) Restricted Securities. The Holder understands that the Securities
are characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such
securities may be resold without registration under the Act, only in certain limited circumstances. In this connection, the Holder represents that it is familiar with Rule 144, as presently in effect, as promulgated by the SEC under the Act
(“Rule 144”), and understands the resale limitations imposed thereby and by the Act. 

 (g) Further Limitations on Disposition. Without in any way limiting the
representations set forth above, the Holder further agrees not to make any disposition of all or any portion of the Warrant Shares unless and until the transferee has agreed in writing for the benefit of the Company to be bound by the terms of this
Warrant, including, without limitation, this Section 6, Section 20, and: 
 (i) there is then in effect a registration
statement under the Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or 
 (ii) the Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if
reasonably requested by the Company, the Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration of such shares under the Act. It is agreed that
the Company will not require opinions of counsel for transactions made pursuant to Rule 144 except in extraordinary circumstances; or 
 (iii) if other than an individual, the Holder shall not make any disposition to any of the Company’s competitors as such is in good faith determined by the Company. 

(h) Legends. It is understood that the Securities may bear the following legend: 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH
ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.” 
 7. Adjustment of Exercise Price and Number of Warrant
Shares. The number and kind of Warrant Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows: 
 (a) Subdivisions, Combinations and Other Issuances. If the Company shall at any time after the issuance but prior to the expiration of this Warrant subdivide its Common Stock, by split-up or
otherwise, or combine its Common Stock, or issue additional shares of its Preferred Stock or Common Stock as a dividend with respect to any shares of its Common Stock, the number of Warrant Shares issuable on the exercise of this Warrant shall
forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately 

 
decreased in the case of a combination. Appropriate adjustments shall also be made to the Exercise Price payable per share, but the aggregate Exercise Price payable for the total number of
Warrant Shares purchasable under this Warrant (as adjusted) shall remain the same. Any adjustment under this Section 7(a) shall become effective at the close of business on the date the subdivision or combination becomes effective, or as of the
record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend. 
 (b)
Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization or change in the capital stock of the Company (other than as a result of a subdivision, combination or stock dividend provided for in
Section 7(a) above), then, as a condition of such reclassification, reorganization or change, lawful provision shall be made, and duly executed documents evidencing the same from the Company or its successor shall be delivered to the Holder, so
that the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities or property
receivable in connection with such reclassification, reorganization or change by a holder of the same number and type of securities as were purchasable as Warrant Shares by the Holder immediately prior to such reclassification, reorganization or
change. In any such case appropriate provisions shall be made with respect to the rights and interest of the Holder so that the provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities or property
deliverable upon exercise hereof, and appropriate adjustments shall be made to the Exercise Price per Share payable hereunder, provided the aggregate Exercise Price shall remain the same. 

(c) Notice of Adjustment. When any adjustment is required to be made in the number or kind of shares purchasable upon exercise of
the Warrant, or in the Exercise Price, the Company shall promptly notify the Holder of such event and of the number of Warrant Shares or other securities or property thereafter purchasable upon exercise of this Warrant. 

8. No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the Exercise Price then in effect. 
 9. No Stockholder Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of a stockholder with respect to the Warrant Shares, including (without limitation) the
right to vote such Warrant Shares, receive dividends or other distributions thereon, exercise preemptive rights or be notified of stockholder meetings, and, except as otherwise provided in this Warrant, such Holder shall not be entitled to any
stockholder notice or other communication concerning the business or affairs of the Company. 
 10. Transfer of Warrant.
Subject to compliance with applicable federal and state securities laws and any other contractual restrictions between the Company and the Holder contained herein, this Warrant and all rights hereunder are transferable in whole or in part by the
Holder to any person or entity upon written notice to the Company. Within a reasonable time after the Company’s receipt of an executed Assignment Form in the form attached hereto, the transfer shall be recorded on the books of the Company upon
the surrender of this Warrant, properly endorsed, to the Company at its principal offices, and the payment to the Company of all transfer taxes and other governmental charges imposed on such transfer. In the event of a partial transfer, the Company
shall issue to the new holders one (1) or more appropriate new warrants. 

 11. Governing Law. This Warrant shall be governed by and construed under the laws of
the State of Delaware as applied to agreements among Delaware residents, made and to be performed entirely within the State of Delaware. 
 12. Successors and Assigns. The terms and provisions of this Warrant and the Purchase Agreement shall inure to the benefit of, and be binding upon, the Company and the holders hereof and their
respective successors and assigns. 
 13. Counterparts. This Warrant may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 14. Titles and
Subtitles. The titles and subtitles used in this Warrant are used for convenience only and are not to be considered in construing or interpreting this Warrant. 
 15. Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be
notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or
certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be
sent to the respective parties at the following addresses (or at such other addresses as shall be specified by notice given in accordance with this Section 17): 
 If to the Company: 
 GlassHouse Techhologies, Inc. 

200 Crossing Boulevard 
 Framingham, MA 01702 
 Attention: Christopher Primiano 

With a Copy to: 

Gunderson Dettmer, LLP 
 850 Winter Street, Waltham, MA 02451 
 Attn: Marc. F. Dupré; 

If to Holder: 

At the address shown on the signature page hereto. 

 16. Finder’s Fee. Each party represents that it neither is or will be obligated
for any finder’s fee or commission in connection with this transaction. The Holder agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature of a finder’s fee (and the costs
and expenses of defending against such liability or asserted liability) for which the Holder or any of its officers, partners, employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Holder from any
liability for any commission or compensation in the nature of a finder’s fee (and the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers, employees or representatives is
responsible. 
 17. Entire Agreement; Amendments and Waivers. This Warrant and any other documents delivered pursuant
hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof. Nonetheless, any term of this Warrant may be amended and the observance of any term of this Agreement may be waived
(either generally or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Holder; or if this Warrant has been assigned in part, by the holders or rights to purchase a majority of the
shares originally issuable pursuant to this Warrant. 
 18. Severability. If any provision of this Warrant is held to be
unenforceable under applicable law, such provision shall be excluded from this Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms. 

19. “Market Stand-Off” Agreement. The Holder hereby agrees that it will, upon the request of the managing underwriter of
the Company’s initial public offering, enter into a “lock-up” or “market stand-off agreement” (the “Lock-Up”) in substantially the form similar to the Lock-Up being entered into by all directors, officers and five
percent (5%) holders of the Company’s equity securities and that such Lock-Up shall restrict the Holder’s ability to transfer or dispose of the Company’s capital stock acquired through the exercise of this Warrant for a specified
period (the “Lock-Up Period”) following the Company’s initial public offering. 
 The Holder agrees that a legend
reading substantially as follows shall be placed on all certificates representing all Warrant Shares of the Holder (and the shares or securities of every other person subject to the restriction contained in this Section 19): 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD AFTER THE EFFECTIVE DATE OF THE ISSUER’S REGISTRATION
STATEMENT FILED UNDER THE ACT, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SECURITIES, A COPY OF WHICH MAY BE OBTAINED AT THE ISSUER’S PRINCIPAL OFFICE. SUCH LOCK-UP PERIOD IS BINDING ON
TRANSFEREES OF THESE SHARES. 

 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the parties have executed this Warrant as of the date first written above. 

 

			
	GLASSHOUSE TECHNOLOGIES, INC.
		
	By:	 	/s/ Mark Shirman
	Name:	 	Mark Shirman
	Title:	 	President

 ACKNOWLEDGED AND AGREED: 
 GREENSPRING CROSSOVER VENTURES I, L.P. 
 By: Greenspring Crossover I GP, L.P. 

By: Greenspring Crossover I GP, LLC 
  

			
		
	By:	 	/s/ Eric Thompson
	Name:	 	Eric Thompson
	Title:	 	CFO
		
	Address:	 	 
		
		 	 

 SIGNATURE PAGE TO GLASSHOUSE TECHNOLOGIES, INC. 

SERIES F PREFERRED STOCK PURCHASE AGREEMENT 

 NOTICE OF EXERCISE 
 GLASSHOUSE TECHNOLOGIES, INC. 
 Attention: Corporate Secretary 

The undersigned hereby elects to purchase, pursuant to the provisions of the Warrant, as follows: 

 

	 	q	              shares of Common Stock pursuant to the terms of the attached Warrant, and tenders
herewith payment in cash of the Exercise Price of such Warrant Shares in full, together with all applicable transfer taxes, if any. 

  

	 	q	Net Exercise the attached Warrant with respect to             Warrant Shares. 

The undersigned hereby represents and warrants that Representations and Warranties in Section 6 hereof are true and correct as of
the date hereof. 
  

							
				
		 		 		 	HOLDER:
				
	Date:	 		 	By:	 	 

  

			
		
	Address:	 	 
		 	 
		 	 

  

	
	Name in which shares should be registered:
	
	  

 ASSIGNMENT FORM 

(To assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 FOR VALUE RECEIVED, the foregoing Warrant and all rights
evidenced thereby are hereby assigned to 

Name:                        
                                         
                                         
                                         
                                         
                                         
                
 (Please Print) 

Address:                       
                                         
                                         
                                         
                                         
                                         
             
 (Please Print) 

Dated:
                                         
   
 Holder’s 

Signature:                       
                                         
                                
 Holder’s 

Address:                        
                                         
                                 

NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant. Officers of corporations and
those acting in a fiduciary or other representative capacity should provide proper evidence of authority to assign the foregoing Warrant.Affirmation of Amended & Restated Intercreditor Agreement

 Exhibit 10.62 
 AFFIRMATION OF AMENDED AND RESTATED INTERCREDITOR AGREEMENT 
 THIS
AFFIRMATION OF AMENDED AND RESTATED INTERCREDITOR AGREEMENT (this “Affirmation”) is made as of June 24, 2011, by and among LIGHTHOUSE CAPITAL PARTNERS V, L.P., a Delaware limited partnership (“Senior Lender”), GLASSHOUSE
TECHNOLOGIES, INC., a Delaware corporation (“Borrower”), WF FUND III LIMITED PARTNERSHIP, c/o/b as WELLINGTON FINANCIAL LP and WELLINGTON FINANCIAL FUND III (“Junior Lender”), and DELL PRODUCTS L.P., a Texas limited partnership
(“Dell”; together with its successors and assigns and any additional parties who shall become a “Holder” under the Dell Note (as defined in the Intercreditor Agreement (as defined below), the “Subordinated Lender”).

 RECITALS 
 WHEREAS, Borrower is currently indebted to Senior Lender, Junior Lender and Subordinated Lender pursuant to various credit arrangements; and 

WHEREAS, Borrower, Senior Lender, Junior Lender and Subordinated Lender have entered into that certain Amended and Restated Intercreditor
Agreement dated as of March 29, 2010 (the “Intercreditor Agreement”) with respect to the obligations owing by Borrower to Senior Lender, Junior Lender and Subordinated Lender; and 

WHEREAS, Borrower and Subordinated Lender intend to, on or about the date hereof, enter into that certain Second Amended and Restated
Subordinated Convertible Promissory Note (the “Dell Note”), that certain Right of First Refusal and Right of Last Refusal Agreement, by and between the Subordinated Lender and the Borrower, dated as of the date hereof (the “Right of
First Refusal and Last Refusal Agreement”) and certain other documents in connection therewith pursuant to which, among other things, Dell will extend the time for repayment and be entitled to additional fees (collectively, the “Dell
Amendment Documents”); and 
 WHEREAS Borrower and Senior Lender intend to, on or about the date hereof, enter into that
certain Amendment No. 10 to Loan and Security Agreement, Fourth Amended and Restated Secured Promissory Note, those certain Letter Agreements regarding Warrants and certain other documents in connection therewith, pursuant to which, among other
things, Senior Lender will extend the time for repayment and the expiration of Senior Lender’s warrants will be extended (collectively “ the “Lighthouse Amendment Documents” and together with the Dell Amendment Documents, the
“Amendment Documents”); and 
 WHEREAS, Borrower desires that each of Senior Lender, Junior Lender and Subordinated
Lender consent to the transactions contemplate by the Amendment Documents. 
 NOW, THEREFORE, Senior Lender, Junior Lender and
Subordinated Lender each agree as follows: 
 1. Senior Lender, Junior Lender and Subordinated Lender each hereby consents to
the execution, delivery and performance by Borrower of the Amendment Documents and the modifications to the credit facilities effected by the Amendment Documents, as well as all other amendments and modifications to such credit facilities entered
into prior to the date hereof. 
 2. Senior Lender and Junior Lender each hereby consents to the payment by Borrower to
Subordinated Lender of the Initial Restructuring Fee (as defined in the Dell Note) as set forth in the Dell Note and each hereby (a) waives its rights set forth under, and the applicability of, Section 3(a) of the Intercreditor Agreement
with respect to the Initial Restructuring Fee; and (b) acknowledges and agrees that the Initial Restructuring Fee shall not be subject to the Intercreditor Agreement, including, but not limited to, Section 3(a) of the Intercreditor
Agreement. 
 3. Senior Lender and Junior Lender each hereby consents to (a) the payment of the Second Restructuring Fee
(as defined in the Dell Note) as set forth in the Dell Note; provided, however, that Borrower shall not pay, and Subordinated Lender shall not accept, any payment on account of the Second Restructuring Fee until

 
such time as Borrower (i) has received proceeds of at least $5,000,000 from the issuance of (x) capital stock, (y) securities convertible into or exchangeable for capital stock or
(z) unsecured subordinate debt with interest accrued but not payable in cash, which debt shall not mature or be payable prior to the maturity of the Junior Indebtedness, or (ii) has consummated a Payment-in-Full Transaction; and
(b) the payments and prepayments of the Borrowings (as defined in the Dell Note) by Borrower to Subordinated Lender as set forth in the Dell Note at the closing of a Payment-in-Full Transaction. With respect to any payment or prepayment
contemplated by clause (a) of the preceding sentence, Senior Lender and Junior Lender each hereby waives its rights set forth under, and the applicability of, Section 3(a) of the Intercreditor Agreement with respect to such payments and
prepayments. With respect to any payment or prepayment contemplated by clause (b) of the preceding sentence, so long as (i) the Senior Indebtedness is paid in full by the Borrower on or before the date of any such payment or prepayment or
the Senior Lender waives its right to such repayment and (ii) the Junior Indebtedness is paid in full by the Borrower on or before the date of any such payment or prepayment or the Junior Lender waives its right to such repayment, Senior
Lender and Junior Lender each hereby waives its rights set forth under, and the applicability of, Section 3(a) of the Intercreditor Agreement with respect to such payments and prepayments. As used herein, a “Payment-in-Full
Transaction” shall mean (a) an Extraordinary Transaction (as defined in the Dell Note), (b) a Qualified Public Offering (as defined in the Dell Note), (c) an issuance of equity securities of Borrower or (d) an issuance of
debt securities by Borrower, in each case resulting in the receipt by Borrower of cash proceeds in an amount sufficient to repay, in full, all of the Senior Indebtedness (as defined in the Intercreditor Agreement), Junior Indebtedness (as defined in
the Intercreditor Agreement), and Subordinated Indebtedness (as defined in the Intercreditor Agreement). 
 4. Notwithstanding
anything to the contrary set forth in the Right of First Refusal and Last Refusal Agreement or any other contract or agreement by or among any of the parties hereto, beginning at such time as the Borrower or any creditor of Borrower institutes any
proceeding seeking liquidation, dissolution, winding-up, reorganization, arrangement, protection, relief or composition of the Borrower or any material part of Borrower’s property or debt, under any law relating to bankruptcy, insolvency,
reorganization or compromise of debts or other similar laws; or seeking appointment of a receiver, receiver and manager, trustee, agent, custodian, monitor, liquidator or similar official for the Borrower or for any part of its business, property or
assets (each such action or proceeding, an “Insolvency Proceeding”), and ending at such time as (a) such Insolvency Proceeding is dismissed or terminated or (b) the Senior Indebtedness and the Junior Indebtedness have been paid
in full, the Right of First Refusal and Last Refusal Agreement, and all rights granted to the Subordinated Lender thereunder, shall immediately be deemed void and of no further force in effect. 

5. Other than as provided for in this Affirmation, the Intercreditor Agreement shall remain in full force and effect with respect to all
of Borrower’s obligations to Senior Lender, Junior Lender and Subordinated Lender. 
 6. Senior Lender, Junior Lender and
Subordinated Lender each affirm their respective obligations under the Intercreditor Agreement. 
 7. Unless otherwise defined,
capitalized terms in this Affirmation shall have the meaning assigned in the Intercreditor Agreement. This Affirmation may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one
instrument. 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Affirmation of Amended and Restated
Intercreditor Agreement to be executed by authorized representatives effective as of the date first above written. 
 Borrower: 

 

			
	GLASSHOUSE TECHNOLOGIES, INC.
		
	By:	 	 /s/ Kenneth Hale

	Name:  	 	Kenneth Hale
	Title:	 	CFO

 IN WITNESS WHEREOF, the parties hereto have caused this Affirmation of Amended and Restated
Intercreditor Agreement to be executed by authorized representatives effective as of the date first above written. 
 Senior Lender: 

 

			
	LIGHTHOUSE CAPITAL PARTNERS V, L.P.
		
	      By:	 	 Lighthouse Management Partners V, L.L.C.,
 its general partner

		
		 	By: /s/ Tom Conneely        
		 	Its: Vice President

 IN WITNESS WHEREOF, the parties hereto have caused this Affirmation of Amended and Restated
Intercreditor Agreement to be executed by authorized representatives effective as of the date first above written. 
 Junior Lender: 

 

	
	WF FUND III LIMITED PARTNERSHIP,
	c/o/b as WELLINGTON FINANCIAL LP and
	WELLINGTON FINANCIAL FUND III
	
	By /s/ Craig Netterfield        
	Name: Craig Netterfield
	Authorized Signing Officer

 IN WITNESS WHEREOF, the parties hereto have caused this Affirmation of Amended and Restated
Intercreditor Agreement to be executed by authorized representatives effective as of the date first above written. 
 Subordinated Lender:

  

	
	 DELL PRODUCTS L.P.

	
	 By: DELL PRODUCTS GP L.L.C., sole general partner

	
	 By: DELL PRODUCTS CORPORATION, sole member

	
	 By: /s/ Janet B. Wright
                                         
   

	 Name: Janet B. Wright

	 Title: Vice President and Assistant Secretary

 IN WITNESS WHEREOF, the parties hereto have caused this Affirmation of Amended and Restated
Intercreditor Agreement to be executed by authorized representatives effective as of the date first above written. 
 Lighthouse Capital IV,
L.P., a Delaware limited 
 partnership, hereby acknowledges and agrees that 
 its participation interest in the Senior Loan is 
 subject to all of the terms and conditions of
this 
 Agreement. 
 Lighthouse Capital
Partners IV, L.P. 
  

			
	      By:	 	 Lighthouse Management Partners IV, L.L.C.,
 its general partner

		
		 	By: /s/ Tom Conneely                
		 	Its:Vice President

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