Document:

Supply Agreement

 Exhibit 10.7 
 Confidential Treatment Requested. Confidential portions of this document have been redacted and have been separately filed with the Commission. 

*** Confidential material redacted and filed separately with the Commission. 

Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 

TOSHIBA TOSHIBA AMERICA ELECTRONIC
COMPONENTS, INC. 
 This Sales Agreement (“Agreement”) is entered into as of June 27, 2011 (the “Effective
Date”), by and between Toshiba Corporation (“Toshiba”), a Japanese corporation, with its principal office at 1-1, Shibaura 1-chome, Minato-ku, Tokyo 105-8001, Japan, on behalf of itself and its Affiliates that have been identified in
an Exhibit C attached hereto, including Toshiba America Electronic Components, Inc. (“TAEC”), a California corporation, with its principal office at 19900 MacArthur Boulevard, Suite 400, Irvine, California 92612 (hereinafter collectively
referred to as “Seller”) and Violin Memory, Inc., a Delaware corporation, with its principal office at 685 Clyde Avenue, Mountain View, California 94043, on behalf of itself and its Affiliates that have been Identified in Exhibit D
attached hereto (hereinafter collectively referred to as “Buyer”). For purposes of this Agreement, “Affiliates” of a party means any entity that is directly or indirectly, Controlling or Controlled by or under direct or indirect
common Control with that party, where “Control” means the possession of more than fifty percent (50%) of the voting stock. A party and its Affiliates (which purchase or supply Products under this Agreement) that have been listed in
Exhibit C (C-1, C-2, etc.) attached hereto for Seller, or that nave been listed in Exhibit D attached hereto for Buyer, shall be Jointly and severally liable for their obligations under this Agreement. 

WHEREAS, Buyer desires to acquire flash memory products from Seller, and Seller desires to supply flash memory products to Buyer, in accordance
with and subject to the terms and conditions of this Agreement. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants
of the parties made herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows: 

 

	1.	Products 

  

	 	1.1	The term “Products” as used herein refers to the Toshiba standard NAND Flash Memory Chip products (which shall comply with the Specification) sold by Seller
to Buyer hereunder and as set forth in Exhibit A, attached hereto and incorporated herein, as may be updated from time to time to add products by an amendment executed by both parties. 

 

	 	1.2	The term “Specification” means the datasheet of the Products in its most current form at the time of shipment by Seller of the applicable Products.

  

	 	1.3	From time to time, Buyer may propose to supplement, extend or otherwise modify the Specification for any Product to include other specifications, *** for the
Product, in order to describe the functionality and performance of the Product with a higher level of details than Seller’s standard datasheet (collectively, “Spec Enhancements”). Seller and Buyer will discuss all such Spec
Enhancements in good faith, and will memorialize their mutual agreement, if reached, in a writing executed by both parties (“Memorialized SE”), then for the purposes of this Agreement, but not Seller’s business generally, the
applicable Specification shall thereafter be deemed to incorporate such Memorialized SEs. If the parties are unable to reach agreement regarding some or all of the Spec

	 	
Enhancements that represent elements or aspects of the Product that are essential in realizing competitive system performance of Buyer’s products incorporating the Product (“Essential
SE”), despite their reasonable good faith discussions, then Section 2.1 shall not apply in respect of Buyer’s purchases of third party products that address any of such Essential SEs. 

 

	 	1.4	Seller shall inform Buyer in writing, in a reasonably detailed Product change notice (“PCN”) if it intends to introduce any change in any Product that
may affect the form, fit, function, mask, safety or performance of the Product, including, without limitation, change in materials, manufacturing process or manufacturer of the Product (a “Change”) (whether or not that change would result
in any change to its revision level or part number), at least ninety (90) days prior to the date Seller intends to introduce the Change. For clarification, such Changes do not include any change in packing materials, and/or packing
specifications. 

  

	 	1.5	Seller shall not supply any Changed Product without Buyer’s prior written approval, which shall not be unreasonably withheld. Without charge, Seller shall supply
Buyer with reasonable quantities of samples of Changed Products for Buyer’s trial use, test and evaluation. Buyer shall use reasonable efforts to notify Seller within ninety (90) days after receipt of the PCN or, if later, ninety
(90) days after receipt of sample of Changed Products, 

 

  
 1 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	
whether such Change is acceptable to Buyer. If the Change is not acceptable, then Seller shall continue to supply the unchanged Product, subject to Article 11 hereof. If Buyer fails to expressly
accept or reject any Change within such ninety (90) day period, then Seller shall consider such Change accepted. 

  

	 	1.6	At the request of Buyer, Seller and Buyer will discuss in good faith ways in which Seller could support Buyer’s marketing activities, to the extent that such
support would be reasonably beneficial to both parties. Any marketing support provided by Seller to Buyer will be on a non-exclusive basis and will be pursuant to an agreement between them as to the specific steps to be taken by each party in
connection with such marketing activities and support. 

  

	 	1.7	Upon Buyer’s request from time to time, and Seller’s prior approval (which approval shall not be unreasonably withheld), Seller shall provide Buyer with
written reports that describe Sellers *** of any Product (and/or samples of Changed Products), Including ***. Further, upon Buyer’s request, Seller and Buyer will discuss possible ways In which Seller may support Buyer in optimizing
Buyer’s products that incorporate Seller’s Products, including without limitation, through *** of *** for the Products and licensing thereof for Buyer’s development and commercialization of its products incorporating
Seller’s Products. Should Buyer and Seller agree to proceed with such disclosure and licensing, Buyer and Seller will promptly negotiate in good faith and enter into a separate *** license agreement as applicable.

  

	 	1.8	As used herein, “working days” shall mean non-holiday weekdays where the offices are not closed, for the Seller from which the Products were ordered and/or
Toshiba, as applicable. 

  

	2.	Preferred Supplier Status, Forecast and Purchase Orders 

  

	 	2.1	During the term of this Agreement and subject to all terms and conditions herein, Buyer will treat Seller as its preferred supplier of any non-volatile,
rewritable memory semiconductor chips (“Flash Memory Chips”), and will fulfill seventy percent (70%) of its requirements for Flash Memory Chips by purchasing Products from Seller or from any of Seller’s Affiliates, under this
Agreement, and Buyer will (and will cause its third party contractors, subcontractors, CMs, as defined in Section 2.5), and development partners to), to the extent reasonably practical and except as would

	 	
impose an unreasonable burden of redesign upon Buyer or result in any commercial or technical disadvantage to Buyer’s products or any customer application, design and develop all of its
storage products to be substantially compatible with Seller’s Products. Provided, however, that, Buyer’s obligations to purchase Products from Seller under this Agreement will not apply: (i) to Flash Memory Chips ***,
(ii) if, In a particular instance, Seller declines in writing to supply Products or substantially fails to supply Products within the timelines provided for in this Agreement or otherwise mutually agreed upon in writing, in which case Buyer may
purchase such Flash Memory Chips from another supplier in such instance only, or (iii) if, in a particular instance, Buyer can demonstrate that Seller’s proposed supply terms for Products or the Products themselves are clearly not
competitive with the supply terms offered by other suppliers for substantially similar Flash Memory Chips in substantially similar volumes (taking into account all relevant factors, which may include, without limitation, price, delivery, warranty
and other commercial terms and product quality and performance) or such other Flash Memory Chips themselves, in which case Buyer may purchase Flash Memory Chips from another supplier in such instance only. Buyer’s obligations under this
Section 2.1 shall terminate automatically and no longer apply at any time upon expiration or termination of this Agreement. Buyer shall keep true and accurate records reasonably necessary to ascertain its compliance with its obligations under
this Section 2.1, for at least one (1) year from the end of each fiscal year. Seller shall have the right, through an auditor designated by Seller and reasonably approved by Buyer, to make an examination and audit, at its expense and not
more than once per calendar year, during normal business hours, of Buyer’s applicable records over the period of the past one (1) year as may contain information bearing upon the purchase of Flash Memory Chips by Buyer. In the event that
such audit reveals for the period under audit any shortfall of Buyer’s purchase of Seller’s Products by more than *** Products that Buyer should have purchased In order to fulfill its obligations under this Section 2.1, then
Buyer shall reimburse Seller for the cost of such audit and purchase additional Products from Seller equivalent to said shortfall. 

  

	 	2.2	Prior to the beginning of each calendar month, Buyer shall prepare in good faith based on its then current business plans and submit to Seller a non-binding forecast
identifying the Products and indicating the quantity thereof it intends to order to Seller, either by itself (including Affiliates listed in

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	
Exhibit D) and/or through its CMs, and receive delivery over the next six (6) months, on a monthly rolling basis and broken down in a weekly fashion, for Seller’s planning
purposes. Only Buyer’s written purchase orders shall express specific requirements for purchase of Products. 

 Buyer shall issue to Seller accordingly a purchase order that is substantially consistent with Its forecast, with a delivery leadtime of no loss than ***, to any Seller identified in an Exhibit C
(C-1, C-2, etc.) attached hereto. 
  

	 	2.3	Each delivery of Products shall be initiated by Seller’s receipt of Buyer’s written purchase order. Each purchase order shall identify the Products ordered,
indicate the requested quantity and then current price; and specify the requested delivery date. 

  

	 	2.4	The minimum order requirement is One Thousand Dollars (US$1,000.00) per order and Five Hundred Dollars (US$500.00) per line item. 

 

	 	2.5	Only Buyer’s Affiliates, and Buyer’s contract manufacturers when acting for the benefit of Buyer (“CM”), that are identified in Exhibit D attached
hereto may order Products hereunder, only to Seller’s Affiliates that are identified in an Exhibit C (C-1, C-2, etc.) attached hereto, under the terms and conditions of this Agreement. Buyer shall cause its CMs to abide by the terms and
conditions of this Agreement that are applicable to Buyer. In addition to the joint and several liability as provided for in the preamble of this Agreement, as CMs are acting on behalf of Violin, Violin shall be responsible and liable for any breach
of this Agreement by any of its CMs. 

  

	 	2.6	Subject to the mutual agreement of Buyer and Seller, an Exhibit C may be added or Exhibit D may be revised, from time to time, to add or change Affiliates and CMs
of Buyer who may order Products, and Affiliates of Seller from whom Products may be ordered, under the terms and conditions of this Agreement. Addition of Buyer’s CMs or Affiliates, will be subject to satisfactory credit review and approval of
such CMs and Affiliates by Seller. When Buyer wishes to add a CM, Buyer shall provide to Seller a written consent signed by such CM that allows Seller and Its Affiliates to disclose to Buyer and its Affiliates the then current status of transaction
hereunder between the CM and

	 	
Seller and its Affiliates during the term of this Agreement. 

  

	3.	Acceptance of Purchase Orders 

  

	 	3.1	Seller shall accept Buyer’s purchase orders, submitted in accordance with Section 2 above, within five (5) working days. No purchase order shall be
binding, unless and until, accepted by Seller in writing, as of the date of Seller’s acceptance. Seller shall not reject any purchase order that substantially complies with the terms of this Agreement. For purchase orders that are not
substantially consistent with Buyer’s forecast and exceed such forecast, Seller will consider in good faith the possibility of meeting such requirement of Buyer. 

 

	 	3.2	Seller understands that Buyer intends to pursue significant additional opportunities for distribution of its products that incorporate the Products, which may not have
been reflected in Buyer’s forecasts yet as such opportunities are yet to be confirmed. Buyer will communicate with Seller about such potential additional requirements for Products, including with regard to Buyer’s updated estimates (if and
as available) of possible quantities, schedules and probabilities. Buyer and Seller will use such information and discuss in order to reach mutual understanding as to whether or not Seller will be ready and able to accept and fulfill Buyer’s
increased Product orders on a timely basis as may be necessary to support such additional opportunities, and what volume and schedule for delivery might be actually possible. Subject to and consistently with the foregoing mutual understanding,
Seller will accept Buyer’s purchase orders in excess of its Product forecasts, but only to the extent that Seller’s Product availability and capacity anew and that the value of such excess amounts can be covered by the Warrant.

  

	4.	Cancellation & Reschedule 

 Buyer and Seller hereby agree to the Cancellation and Reschedule terms as set forth in Exhibit B, attached hereto and incorporated herein. 

 

	5.	Shipment & Delivery & inspection 

  

	 	5.1	Shipments shall be made, and title to Products released hereunder and risk of loss shall pass from Seller to Buyer, in accordance with the terms set forth in the
applicable 

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	
Exhibit C. Unless otherwise specified by the Buyer, Seller shall ship Products according to Seller’s customary method. Products will be packed in accordance with good industry practices.

  

	 	5.2	If Seller fails to deliver in a timely manner, then Buyer may require that Seller (at its sole expense) expedite routing by the quickest means. Seller will promptly
notify Buyer in writing if it anticipates any delay in delivery, specifying the reason and expected delivery date. If an order is not delivered in full within fourteen (14) days of the scheduled delivery date, and such delay adversely impacts
Buyer’s own delivery schedule for products that include the Products, then Buyer may elect to receive a discount (which shall be applied automatically to future orders) equal to: *** that were not delivered on-time; or the amount Buyer
paid in excess, if any, for purchases of similar products from other sources to cover the Products that were not delivered on-time; provided, that Buyer acts reasonably to mitigate damages resulting from such late deliveries.

  

	 	5.3	Notwithstanding anything to the contrary in this Agreement, and regardless of acceptance or acknowledgement by Seller of Buyer’s purchase orders pursuant to
Section 3 hereof, Seller may withhold, suspend, or cancel shipment of Product hereunder, in whole or in part, but only to the extent and for the reasons described below in this Section 5.3. Seller shall not be liable for any damages or
penalties for delay in delivery or non-delivery and Buyer shall not gain advantage or be released or exempted from any of its obligations hereunder (including those under Section 2.1) due to Seller’s delay in delivery or non-delivery, when
such delay is due to non-payment or late payment by Buyer under Section 6 (including any payment under the Warrant), or due to any failure by Buyer to perform any of its material obligations under this Agreement, or due to any delay excusable
ender Section 17, provided, that Seller gives Buyer written notice promptly of the reason for withholding, suspending, or canceling delivery and provided that, in the case of any force majeure, Seller uses its commercially reasonable efforts to
overcome or avoid such delaying cause and resume its performance hereunder as soon as possible. In any such case, the delivery date shall be deemed extended until Buyer cures or the force majeure is overcome; provided; Buyer may cancel any purchase
order for which

	 	
delivery has been delayed more than thirty (30) days pursuant to force majeure under Section 17. In the event of any shortage of Products (for any reason) to meet the requirements of
all of its customers, Seller shall supply to Buyer at least its pro-rata share. 

  

	 	5.4	Products are subject to Buyer’s inspection and acceptance. Buyer will have a commercially reasonable period (but not more than fourteen (14) days) after
delivery to conduct visual inspections of the Products in order to verify that the Products are not physically damaged. Acceptance of any installment shall not be deemed acceptance of any subsequent installment. Buyer may reject any shipment of
Products (or portion thereof) which contains any Product that is physically damaged. Buyer may return rejected Products to Seller, at Seller’s risk and expense. 

 

	6.	Payment terms 

  

	 	6.1	Other than amounts disputed in good faith, payment is due in accordance with the payment terms set forth in the Exhibit C attached hereto that is applicable to the
relevant Seller’s Affiliate with whom Buyer placed its purchase order. ***. Notwithstanding anything to the contrary herein, and without modifying the joint and several liability of a party and its Affiliates, *** any credits or amounts
owed by the same Affiliate of Seller to Buyer under this Agreement. Payment shall not constitute acceptance. 

  

	 	6.2	 In addition to the foregoing, concurrent with the execution and delivery of this Agreement, Buyer shall execute and deliver to Seller a warrant in the
form of Exhibit E attached hereto (the “Warrant”). Buyer agrees that in addition to, but not in lieu of, any remedies of Seller under this Agreement or applicable law, the Warrant shall became exercisable from time to time in accordance
with its terms. Upon each exercise of the Warrant pursuant to the terms thereof, Buyer will be deemed to have paid Seller, in satisfaction of Buyer’s obligation to pay such undisputed unpaid amounts hereunder, an amount equal to (x) the
number of Warrant Shares (as defined in the Warrant) issued upon such exercise multiplied by (y) the Stock Valuation Price (as defined in the Warrant), and such amount shall no longer be due and payable by Buyer

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	
and Buyer shall have no further obligation and Seller shall have no further remedy in respect of the past due payment for which the Warrant was exercised. 

 

	 	6.3	Buyer further agrees to make cash payments on *** amounts as soon as it has sufficient cash to do so and to continue such payments so long as it has sufficient
cash and any amount remains *** and outstanding under this Agreement. If at any time amounts payable by Buyer under this Agreement remain *** for six (6) months, the parties agree to hold a management meeting to discuss
appropriate arrangements for solving the situation. 

  

	 	6.4	in the event Buyer reasonably believes that it will not be able to fulfill its payment obligations under this Agreement, Buyer shall immediately so notify Seller in
writing. In addition, upon request from Seller, Buyer shall provide Seller with its written assurance that it reasonably believes that it will be able to fulfill Its payment obligations under this Agreement. 

 

	7.	Pricing 

  

	 	7.1	Unit prices are as agreed upon separately in writing between Seller and Buyer. Buyer and Seller reserve the right, ***. Such changes shall not affect existing
purchase orders scheduled for delivery within *** days. During the term of this Agreement, Seller shall use diligent and continuous efforts to reduce its costs and expenses for Products and reflect such savings in price reductions under this
Agreement. 

  

	 	7.2	Seller represents and warrants that the prices charged Buyer hereunder do not and will not exceed the prices charged to any of Seller’s other customers for the
same or comparable products in the same or similar volumes, that has not (i) *** relating to Seller’s manufacture or sale of the Product, or (ii) made significant *** manufacturing facilities. If Seller breaches the
above representation and warranty, Seller shall offer the same prices under similar terms to Buyer. Seller shall keep true and accurate records reasonably necessary to ascertain its compliance with its obligations under this Section 7.2, for
one (1) year from the end of each fiscal year. Buyer shall have the right, through an auditor designated by Buyer and reasonably approved by Seller, to make an examination and audit, at its

	 	
expense and not more than once per calendar year, during normal business hours of Seller, of Seller’s records over the period of the past one (1) year as may contain information bearing
upon the sale of Flash Memory Chips to other customers. In the event that such audit reveals for the period under audit, subject to (i) and (ii) above, any sale of Products under similar terms at prices lower than the ones offered to Buyer
by ***, then Seller shall reimburse Buyer for the cost of such audit and the excess amount paid by Buyer for the Products. 

  

	 	7.3	Unless otherwise required by law, all prices will be quoted and billed exclusive of federal, state, local excise, sales, and similar taxes (collectively,
“Levies’”). Unless Buyer claims any tax exemption and furnishes Seller with a valid tax exemption certificate issued by or acceptable to the applicable taxing jurisdiction or entity, Levies will appear as additional items on
Seller’s invoices. 

  

	8.	Warranty, Quality and Support 

  

	 	8.1	Seller warrants that during a period of *** from the date of delivery by Seller to Buyer (the “Warranty Period”), the Products to be delivered
hereunder and replacement thereto: 

  

	 	(a)	shall conform to the Specification, and 

  

	 	(b)	will be free from defects in design, material and workmanship, and 

  

	 	(c)	will be new and delivered with good and marketable title, free and clear of all liens and encumbrances, and 

 

	 	(d)	will comply with ROHS and WEEE requirements, and all other laws, rules and regulations as may be applicable in the territory where the Product is made, or sold by
Seller. 

 This warranty shall not apply: 

 

	 	(i)	to Products deemed by Buyer and Seller to be developmental, as evidenced by their Mutual written agreement; 

 

	 	(ii)	to the extent that the Products are modified without Seller’s express written consent, which modification causes the noncompliance;

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	(iii)	to Products that are not stored or used in an application or environment intended by the applicable Specification where the non-compliance is caused by the way the
Products were stored or used; or 

  

	 	(iv)	to instances where any Product is used in combination with any other devices, products or materials not supplied or approved by Seller in writing and not contemplated
by the Specification, which combination causes the noncompliance. 

 THIS WARRANTY IS EXCLUSIVE AND IN LIEU OF,
AND SELLER EXPRESSLY DISCLAIMS, ALL OTHER WARRANTIES EXPRESS OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
  

	 	8.2	The foregoing warranties, and the parties’ respective rights and obligations in respect thereof, shall survive delivery, acceptance, use and payment, in accordance
with their terms, and inure to the benefit of Buyer and its successors and assigns. 

  

	 	8.3	Seller represents and warrants that it (and its contract manufacturers) will maintain quality systems that meet current certification to the applicable ISO 9000 series
of standards for the Products. With reasonable advance notice, not more than once per calendar year, and in compliance with Sellers reasonable security and safety requirements, Buyer and/or its designated representative as approved in advance and in
writing by Seller (which approval shall not be unreasonably withheld) ***. 

  

	 	8.4	Until expiration of the last Warranty Period for a specific Product, Seller will perform problem analysis on Product that is returned from Buyer and is reasonably
suspected to have a Failure (as defined in Section 9.1 below), in good faith and to a reasonable extent (and Seller agrees to use commercially reasonable efforts to perform problem analyses even after the last to expire Warranty Period, but
only so long as it has the capabilities necessary to do so). Seller will use commercially reasonable efforts to respond within ten (10) working days of receipt by the Seller of the returned Product (together with any supporting data or
information reasonably requested by Seller) with an initial

	 	
assessment of the cause of the Failure and within thirty (30) days of receipt by the Seller of the returned Product (together with any supporting data or information reasonably requested by
Seller) with the root cause of the Failure. Before contacting Seller for support, Buyer will use reasonable efforts to isolate any problem to the Products. Seller represents and warrants that (a) the problem analysis hereunder will be performed
in a professional and workmanlike manner, and in accordance with good industry practices, and (b) all personnel performing the services are well qualified through appropriate education, training and experience. 

 

	9.	Remedies 

  

	 	9.1	Warranty Remedies. During the Warranty Period, if the Product(s) delivered fail to conform to any warranty set forth herein (a “Failure’), Buyer may
return the affected Products to Seller and provided that: 

  

	 	(a)	Buyer promptly notifies Seller in writing upon Buyer’s discovery or learning of the Failure, including a detailed explanation of any alleged deficiencies;

  

	 	(b)	Buyer returns such Products to Seller with an RMA number supplied by Seller; 

 

	 	(c)	Seller confirms whether any returned Product has a Failure, within ten (10) working days after receipt by Seller of such Product (together with any supporting data
or information reasonably requested by Seller) from Buyer; and 

  

	 	(d)	such Failure was not caused by accident, misuse, abuse, neglect, alteration, improper installation, repair, or improper testing after the Product was delivered to
Buyer, 

 Seller will, at its expense, replace any Product with Failure and deliver new Product to Buyer as soon
as reasonably possible, subject to availability of such Product. 
 Seller shall then further reimburse Buyer for the
transportation charges paid by Buyer for such nonconforming Products. In the event Seller cannot deliver a replacement Product within ninety (90) days after confirmation that

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

 
the Product has a Failure, then Seller will issue Buyer a credit equal to the purchase price of the Product with Failure. 

 

	 	9.2	For avoidance of doubt, Buyer’s rights and remedies in connection with a Failure, and Seller’s obligations, under this Section 9 shall apply to lots,
shipments of other groups of Products based on statistically significant sampling measures which shall in no event be ***. 

  

	 	9.3	Epidemic Failure. 

  

	 	(i)	“Epidemic Failure shall mean failures in Products to meet any warranty set forth herein regardless of the Warranty Period or its expiration, that (a) have the
same root cause, verified by the Seller in good faith, and (b) result from any nonconformance to the Specification or from any defect in materials, workmanship, or design, and (c) have, or Seller and Buyer in good faith agree that it is
reasonably expected that such failures will soon amount to, a failure rate equal to or in excess of the failure rate #1 applicable to the specific Product model as specified in Exhibit A, together with the method in computing such rate.
“Epidemic Failure” shall also mean the case where the parties agree in writing (such agreement not to be unreasonably delayed or withheld) that it is reasonably necessary to recall such Products in order to prevent or remedy any health or
safety risk, or any violation of any applicable law, regulation or rule, arising from a failure of or in such Products. 

  

	 	(ii)	The party that detects a possible Epidemic Failure shall promptly notify the other party in writing, and shall provide, if known and as may then exist, a description of
the Epidemic Failure, and the suspected lot numbers, serial numbers or other identifiers, and delivery dates, of the Products having the Epidemic Failure. Buyer shall use reasonable efforts to make available to Seller samples of the Products with
the Epidemic Failure for testing and analysis and other information and assistance as reasonably required to enable Seller to conduct its root cause analysis and develop a corrective action report.

	 	
Seller shall promptly provide its preliminary findings regarding the root cause of the Epidemic Failure. The parties shall cooperate and work together to determine the root cause. Thereafter,
Seller shall promptly provide Buyer with the results of its root cause analysis, its proposed recovery plan, and such other appropriate information. Seller shall recommend a recovery action program which identifies the affected units having the
Epidemic Failure, with an eye to minimize disruption to end users of Buyer’s products. Buyer and Seller shall consider, evaluate and agree upon and determine a recovery action program that is reasonably acceptable to both parties (the
“Recovery Action Plan”). 

  

	 	(iii)	Upon the occurrence of an Epidemic Failure, Seller shall: 

  

	 	(a)	at Buyer’s option: 

  

	 	(i)	replace the affected Products; or 

  

	 	(ii)	provide a credit to Buyer in an amount equal to the amount paid by Buyer for the affected Products, upon return of said affected Products; and 

 

	 	(b)	reimburse Buyer for all reasonable costs and expenses, including labor, equipment and processing costs incurred by Buyer or third parties in investigation of the
Epidemic Failure and the implementation of the Recovery Action Plan, including test procedures, test equipment, the testing of Products, replacement of the affected Products; and 

 

	 	(c)	 reimburse Buyer for reasonable costs and expenses with regard to freight, transportation, customs, duties, insurance, storage; handling and other
shipping costs incurred by Buyer in connection with the replacement of the affected Products (and Buyer’s products in which the Products are

 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 Sales Agreement among 

Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 

 

	 	
incorporated), provided, however, that Buyer shall endeavor to mitigate the extent and amount of such costs and expenses. 

 

	10.	Return Material Authorization 

  

	 	10.1	All Products which Buyer returns to Seller shall be accompanied by a Return Material Authorization (RMA) number. Unless further verification is required by Seller,
Seller shall provide Buyer with an RMA number within three (3) working days of Buyer’s request for return of the nonconforming Product to Seller. 

 

	 	10.2	If it is determined that the Failure Is electrical, mechanical, or of any other nature requiring further verification by Seller, Buyer shall return to Seller an agreed
upon number of data-logged samples of the Product lot, whereupon Seller shall issue a Failure Analysis (FA) number. Buyer may, at its option, suspend the processing of invoices through Buyer’s accounting system for such nonconforming Product
and suspend payments under this Agreement. Seller shall analyze the samples and report its findings to Buyer as soon as possible but in no event more than ten (10) working days after receipt by Seller of the samples (together with any
supporting data or information reasonably requested by Seller) and shall promptly complete the failure analysis and take corrective action. 

  

	 	10.3	An RMA shall be issued within three (3) working days if the verification under Section 10.2 results in confirmation of the existence of a Failure.

  

	 	10.4	Upon mutual agreement, Seller shall replace the Product or credit the purchase price of any Product which has been found to be nonconforming. If the returned Product is
subsequently determined by Buyer and Seller to be in conformance, Buyer shall promptly complete payment in accordance with Section 6. 

  

	 	10.5	RMA Products will be shipped from Seller’s CM to the destination specified by Seller. Transportation charges and risk of loss or damage for Products returned from
Buyer to Seller or from Seller to Buyer under this Section shall be at Seller’s expense, provided that Buyer shall reimburse Seller for any transportation charges paid by Seller for returned Products which are subsequently

	 	
determined as a result of problem analysis pursuant to Section 8.4 to be conforming. 

  

	11.	Material Availability 

  

	 	11.1	Subject to the terms and conditions of this Agreement, including without limitation the provisions of Sections 1.4, 11.2, 11.3, 15 and 16, Seller agrees to
maintain Products (including Changed Products based thereon), or technically substantially equivalent products that are reasonably acceptable to Buyer, available for purchase or replacement, in each case, for a period of at least two (2) years
after the first commercial shipment of Products (including Changed Products based thereon) by Seller to Buyer (including any Affiliate and CM) under this Agreement (“Minimum Supply Period”). 

 

	 	11.2	Notwithstanding anything to the contrary in this Agreement, Seller may discontinue the sale of those Products included in this Agreement (and no longer have the
obligation to supply such Products), by notifying Buyer of such discontinuance in writing at any time after expiration of the Minimum Supply Period, but no less than one hundred and eighty (180) days in advance of the last order date.

  

	 	11.3	In respect of Products for which notice of discontinuance has been received in accordance with Section 11.2, Buyer shall have one hundred and eighty (180) days to
place a Life Time Buy (LTB) order(s) subject to Section 11.4 below, and must take receipt of the Products within twelve (12) months after expiration of such 180-day period. 

 

	 	11.4	After receipt of such notice of discontinuance, Buyer may determine the Life Time Buy (LTB) quantity under the following conditions: 

 

	 	(i)	The LTB Quantity shall be by mutual agreement if Buyer desires to order more than the purchased volume of Product by Buyer for the preceding eighteen (18) months;

  

	 	(ii)	The price shall be negotiated at the time Seller gives notice of the discontinuance in light of Section 7.2 (as compared to other LTB buyers of the same
discontinued Product). 

  

	 	11.5	 Seller shall reasonably consider and endeavor to meet Buyer’s requirements for longer periods of availability than are provided above in this
Section 11, subject to 

 

  
 8 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

	 	
good faith negotiations and mutual agreement regarding reasonable business conditions (including without limitation, price). 

 

	 	11.6	If Seller determines that the availability of discontinued Products exceeds the LTB requirements of all its customers, then Buyer shall reasonably consider Increasing
its LTB order, subject to good faith negotiations and mutual agreement regarding reasonable business conditions (Including without limitation, price). 

  

	12.	Limitation of Liability 

EXCEPT FOR EITHER PARTY’S BREACH OF CONFIDENTIALITY UNDER SECTION 19 OR SECTION 26.2, IN NO EVENT SHALL SELLER OR BUYER BE LIABLE
TO THE OTHER FOR LOSS OF PROFITS, LOSS OF USE, OR FOR INCIDENTAL, SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES ARISING FROM THE SALE OR USE OF THE PRODUCTS, EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF THE
FORM OF ANY CLAIM OR ACTION (WHETHER IN CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE), EACH OF BUYER AND SELLER’S AGGREGATE LIABILITY FOR ANY DAMAGES OR CLAIMS ARISING OUT OF OR RELATING TO ANY PRODUCTS HEREUNDER SHALL IN NO EVENT EXCEED
TILE AMOUNT BUYER PAID FOR THE PRODUCT(S) GIVING RISE TO THE CLAIM OR DAMAGES FOR THE PREVIOUS TWELVE (12) MONTHS IMMEDIATELY PRIOR TO THE CLAIM OR EVENT THAT RESULTED IN SUCH CLAIM OR DAMAGES, EXCEPT THAT: 

 

	 	(i)	IN THE CASE OF EPIDEMIC FAILURES OCCURRING AT A RATE EQUAL TO OR HIGHER THAN FAILURE RATE #2 APPLICABLE TO THE PRODUCT AS SET FORTH IN THE APPLICABLE EXHIBIT A,
SELLER’S AGGREGATE LIABILITY SHALL NOT EXCEED ALL AMOUNTS PAID HEREUNDER FOR THE PRODUCT(S) GIVING RISE TO THE CLAIM OR DAMAGES DURING THE ***; 

 

	 	(ii)	IN THE CASE OF LIABILITIES TO THIRD PARTIES UNDER THE INDEMNITIES IN THIS AGREEMENT, SELLER’S AGGREGATE LIABILITY SHALL NOT EXCEED ALL AMOUNTS PAID HEREUNDER FOR
THE PRODUCT(S) GIVING RISE TO THE CLAIM OR DAMAGES DURING THE ***; AND

	 	(iii)	IN THE CASE OF EITHER PARTY’S BREACH OF CONFIDENTIALITY UNDER SECTION 19 OR SECTION 26.2, EACH PARTY’S AGGREGATE LIABILITY SHALL NOT EXCEED ALL AMOUNTS PAID
HEREUNDER DURING THE ***, WHICHEVER IS GREATER. 

  

	13.	Intellectual Property Rights Indemnification 

  

	 	13.1	Subject to the provisions as set forth herein below, Seller shall defend, indemnify, and hold Buyer, its Affiliates and customers, and their officers, directors,
stockholders and employees (“Buyer Indemnitees”), harmless from and against all demands, liabilities, losses, penalties, damages, obligations, causes of action, suits, claims, proceedings or injuries of any kind (collectively,
“Claims”) arising from any actual or claimed infringement, violation or misappropriation of patents, mask work rights, copyrights or trade secret rights with respect to the Products or any use of the Products. 

 

	 	13.2	In the case of any indemnity under this Agreement: 

  

	 	(i)	Buyer shall promptly notify Seller In writing of any claim of infringement upon determining such claim is covered by this indemnity; provided,
however, any such failure to notify shall not relieve Seller of its obligations hereunder except to the extent that Seller is actually prejudiced by such failure to notify; and 

 

	 	(ii)	Seller shall have sole control of both the defense of any action on such claim and all negotiations for its settlement or compromise; provided, Buyer and
any Buyer Indemnitee may participate in any proceeding using counsel approved by Seller in advance (which approval shall not be unreasonably withheld), at its own expense; and provided further, if representation by
counsel retained by Seller would be inappropriate because of conflict of interests of Buyer or any Buyer Indemnitee and any other party represented by such counsel, Buyer may so notify Seller in writing and Seller will elect a different counsel; and

  

	 	(iii)	at Seller’s sole cost and expense, Buyer shall provide all reasonably necessary information and assistance to Seller and its counsel for the defense of such claim;
and 

 

  
 9 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 Sales Agreement among 

Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 

 

 

	 	(iv)	Seller will not enter into any settlement, consent judgment or other voluntarily final disposition of any action hereunder, or make any admission or take any other
action, that adversely affects Buyer or any other Buyer Indemnitee, without Buyer’s prior written consent; and 

  

	 	(v)	if, after having received from Buyer a written notice of a Claim, Seller fails to assume within a reasonable time (in writing) and conduct the defense or take
reasonable action to settle such matter, and Seller has sufficient facts to determine that it owes a valid duty to indemnify Buyer under the terms of this Agreement, then Buyer may control its own defense using counsel approved by Seller in advance
(which approval shall not be unreasonably withheld), and Seller shall be responsible for all such costs and expenses, as well as any award or settlement. 

  

	 	13.3	Notwithstanding the foregoing, Seller shall have no liability or obligation to Buyer under this Section 13 to the extent that any of the following apply:

  

	 	(i)	With respect to any infringement of a third party’s intellectual property rights, or Claims thereof, to the extent based on: 

 

	 	a.	a Seller’s compliance with concrete instructions, designs, or specifications provided by the Buyer, its Affiliates, CMs, or designees, and the infringement would
not have occurred but for such compliance; 

  

	 	b.	Use of the Products in combination with any other devices, products or materials not provided or approved by Seller in writing, where the infringement would not have
occurred but for such combination; 

  

	 	c.	Use or storage of the Products in an application or environment not intended by the applicable

	 	
Specification, unless approved in advance and in writing by Seller, and the infringement would not have occurred but for use or storage in such application or environment;

  

	 	d.	Modifications or additions to Products by Buyer that were not expressly approved by Seller in writing, and the infringement would not have occurred but for such
modification or addition. 

  

	 	13.4	In the event that any Product is held by a court having jurisdiction to constitute an infringement or its use is enjoined, Seller, at its option and at its own expense,
will also: 

  

	 	(i)	Procure for Buyer and other Buyer lndemnitees the right to continue using such Product royalty-free; 

 

	 	(ii)	Replace such Product to Buyer’s reasonable satisfaction with non-infringing product of equivalent quality and performance; or 

 

	 	(iii)	provide a credit or refund to Buyer, as the parties may agree, in an amount equal to the amount paid by Buyer for the affected Products. 

 

	14.	Indemnification 

  

	 	14.1	Subject to and in accordance with the procedures and conditions set forth in Section 13.2, Seller agrees to defend, indemnify and hold harmless Buyer lndemnitees
from and against any and all Claims from third parties caused by 

  

	 	(i)	any death or bodily injury or property damage resulting from any use of the Product, 

 

	 	(ii)	Seller’s violation of any applicable law, rule or regulation, or 

  

	 	(iii)	Seller’s gross negligence, willful misconduct or material breach of any term of this Agreement. 

 

	 	14.2	Notwithstanding the foregoing, Seller shall have no liability or obligation to Buyer under this Section 14 to the extent that items (i), (ii) or
(iii) listed in Section 14,1 above are based on any of the following: 

  

	 	(a)	Seller’s compliance with concrete instructions, designs, or specifications provided by the Buyer, its Affiliates, CMs, or designees, where such Claim would not
have occurred but for such compliance; 

 

  
 10 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 Sales Agreement among 

Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 

 

	 	(b)	Use of the Products in combination with any other devices, products or materials not provided or approved by Seller in writing, where such Claim would not have occurred
but for such combination; 

  

	 	(c)	Use or storage of the Products in an application or environment not intended by the applicable Specification, unless approved in advance and in writing by Seller, where
such Claim would not have occurred but for such use or storage in such application or environment; 

  

	 	(d)	Modifications or additions to Products by Buyer that were not expressly approved by Seller in writing, where such Claim would not have occurred but for such
modification or addition. 

  

	15.	Term 

 The term of this
Agreement shall be for three (3) years from the Effective Date, regardless of the date of its execution, and shall be automatically renewed thereafter for successive one (1) year terms, unless either party notifies the other party in
writing of its intention not to extend the then current term of this Agreement at least ninety (90) days prior to expiration thereof. 
  

	16.	Termination for Cause 

  

	 	(i)	Either party may terminate this Agreement and/or any purchase order, effective upon written notice to the other party should any of the following events occur:

  

	 	a.	The other party files a voluntary petition in bankruptcy; 

  

	 	b.	The other party is adjudicated bankrupt; 

  

	 	c.	The other party makes an assignment for the benefit of its creditors;

	 	d.	A court assumes jurisdiction of the assets of the other party under any bankruptcy; or 

 

	 	e.	A party admits in writing that it is unable to pay its debts as they become due. 

 

	 	(ii)	Either party shall have the right to terminate this Agreement and/or any purchase order in the event of a material breach under this Agreement or such purchase order by
the other party in case such breach continues for a period of thirty (30) days after written notice thereof to the other party. Buyer’s obligation to pay all charges which shall have accrued and compensation, if any, for conforming
Products delivered prior to the effective date of any such termination, shall survive any termination of this Agreement. 

  

	 	(iii)	Upon any expiration or termination of this Agreement, all rights, licenses and obligations of the parties hereunder shall cease, except that all obligations that
accrued prior to the effective date of termination and any remedies for breach of this Agreement shall survive any termination; all obligations of the parties under any purchase orders previously accepted under Section 3 (including any LTB
orders) that are outstanding on the effective date of termination shall remain in effect and supplied and paid for in accordance with the terms of this Agreement (except that at the case of termination under Section 16(ii), in which case the
terminating party may elect whether the parties’ obligations under such orders shall be fulfilled); and the provisions identified in Section 24.4 shall survive. 

 

	17.	Force Majeure 

 Neither
Buyer nor Seller shall be liable for any delay in delivery or for non-delivery or the delay or failure in performing any other obligation under this Agreement that is caused by the occurrence of any contingency beyond the reasonable control of the
affected party, including but not limited to earthquake, tsunami, war, riot, act of any government or judicial action, labor disputes, accidents, fire, acts of God, shortages of fuel, raw material or machinery where the affected party has

 

  
 11 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

 
exercised ordinary care in the prevention thereof. This provision does not apply or excuse any delay or failure in performance attributable to a party’s business decisions or economic
inefficiencies. So long as any force majeure affects any Seller’s ability to supply Products as provided herein, Section 2.1 shall not apply in respect of Buyer’s purchases of third party products during such time period. 

 

	18.	[INTENTIONALLY LEFT BLANK] 

  

	19.	Confidentiality 

  

	 	19.1	“Confidential information” shall mean any technical, financial, business, legal, regulatory or other information of a proprietary or confidential nature,
including Financial Statements and Shareholder Rights Financial Information (as defined in Section 26 below) disclosed by one party (or any of its Affiliates) to the other or any of its Affiliates or CMs, which is on written, graphic,
machine-readable or other tangible form and is marked “Confidential Information” or some other similar marking to indicate its confidential nature, information disclosed orally by one party to the other or any of Its Affiliates pursuant to
this Agreement, provided that such information is designated as confidential at the time of disclosure and is summarized in a writing by the disclosing party within a reasonable time not exceeding thirty (30) days after its oral disclosure, and
such writing is marked in a manner to indicate its confidential nature and delivered to the receiving party. Confidential Information includes any copy, abstract, summary, analysis or other derivative of any of the foregoing.

  

	 	19.2	For a period of *** years after receipt of the other party’s Confidential Information, neither party shall disclose, publish or otherwise disseminate to any
third party (except to its Affiliates or subcontractors who are similarly bound to protect the Confidential Information) any of the other party’s Confidential Information, nor copy or use such Confidential Information except for the purposes of
this Agreement (except for Shareholder Rights Financial Information which may be used by the Shareholder-Seller as a shareholder or investor in Buyer). Either party may disclose the other party’s Confidential Information only to its personnel
that have a need to know for the purposes of this Agreement and who are hound by confidentiality obligations at least as protective as these. Either party shall be

	 	
responsible for any breach of confidentiality by its Affiliates, CMs, subcontractors and personnel. The standard of care to be exercised by the receiving party to meet such obligation shall be
the standard exercised by the receiving party with respect to its own proprietary information of a similar nature, but in no event less than due care exercised by a reasonable person. At either party’s request at any time, the other party shall
return all tangible Confidential Information of the other party, permanently erase all such Confidential information from any storage media and destroy all information records and materials developed therefrom. Notwithstanding the above, neither
party shall assume the above confidentiality obligation with regard to any information which: 

  

	 	•	 	 is published or otherwise made available to the public by the disclosing party; 

 

	 	•	 	 is rightfully known to the receiving party on a non-confidential basis prior to its first receipt of the same from the disclosing party;

  

	 	•	 	 is independently developed by the receiving party without using the other’s Confidential Information; 

 

	 	•	 	 is rightfully received by one party from a third party without any limitation of confidentiality; 

 

	 	•	 	 is approved for release by a prior written agreement of the disclosing party; or 

 

	 	•	 	 is necessarily disclosed to any governmental body or judicial entity having jurisdiction and calling therefor, or the disclosure is otherwise required
by law but only for the purposes of, and solely to the minimum extent necessary to comply with, such governmental or legal requirement). 

  

	 	19.3	Except as expressly provided for or expected under this Agreement, no other right or license is granted (by implication, estoppel or otherwise) and each party shall own
and retain all rights, title and interests in and to its Confidential Information (including without limitation, all patent rights, copyright rights, trade secret rights and other intellectual property and proprietary rights embodied therein or
derived therefrom). 

 

  
 12 

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redacted and have been separately filed with the Commission. 
 Sales Agreement among 

Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 

 

	20.	Export Regulations 

  

	 	20.1	The parties agree that, unless otherwise provided for in the applicable Exhibit C attached hereto, no products, information, or technical data furnished hereunder or
any direct product thereof is intended to or will be exported or re-exported, directly or indirectly, to any destination restricted or prohibited by the applicable export control regulations, including the Foreign Exchange and Foreign Trade Act of
Japan and the U.S. Export Administration Regulations, without authorization from the appropriate governmental authorities. Each party hereby certifies that it will not use any information or products supplied by the other party hereunder for any
purpose to develop or manufacture conventional weapons and/or nuclear, chemical, biological weapons or missiles (hereinafter “weapons of mass destruction”) in violation of any applicable law. Furthermore, Buyer certifies that it will not
provide any Product to any third party if Buyer knows that the end user of Products will use them for the development and/or manufacture of conventional weapons and/or weapons of mass destruction. 

 

	21.	Assignment 

 Neither
party shall assign, transfer, delegate, or otherwise dispose of this Agreement, or any of its rights, interests or obligations hereunder without prior written consent of the other party, which shall not be unreasonably withheld. However, without
consent, Buyer may assign this Agreement and all of its rights and obligations to any of its Affiliates (whether or not listed in Exhibit D). Any attempt to do otherwise shall be void and of no effect, This Agreement will be binding upon and inure
to the benefit of the successors, representatives and permitted assigns of the parties. 
  

	22.	Governing Law 

 This
Agreement shall be interpreted and governed by the laws of the State of California, without reference to the rules or principles of it conflict of laws. The UN Convention on Contracts for the international Sale of Goods shall not apply to this
Agreement. 

	23.	Precedence 

 This
Agreement takes precedence over any terms and conditions on Seller’s form accepting Buyer’s order and over any terms and conditions on Buyer’s purchase order or Seller’s invoice. 

 

	24.	Entire Agreement 

  

	 	24.1	This Agreement is the entire agreement between the parties and supersedes, terminates and replaces any prior communications, representations, or agreements as to the
subject matter hereof, whether written or oral, except for those certain emails attached hereto as Exhibit F, which both parties agree shall be incorporated in this Agreement by this reference, 

 

	 	24.2	No modification of this Agreement shall be binding upon either party unless it is in writing and executed by an authorized representative of each party.

  

	 	24.3	Headings have been inserted for convenience of reference only and shall not be deemed a part of this Agreement. 

 

	 	24.4	Sections 5, 6, 7.2, 8, 9, 10, 11.4(ii), 12, 13, 14, 16(iii), 19, 20, 21, 22, 23, 24 and 25 shall survive the termination or expiration of this Agreement.

  

	 	24.5	No consent or waiver under this Agreement will be effective unless in writing and signed by the party against which enforcement is sought. The parties shall be
independent contractors under this Agreement, and nothing herein will constitute either party as the employer, employee, agent or representative of the other party, or both parties as joint venturers or partners for any purpose. The failure of
either party to enforce its rights under this Agreement at any time for any period shall not be constructed as a waiver of such right. Unless expressly provided otherwise, each right and remedy in this Agreement is in addition to any other right or
remedy, at law or in equity, and the exercise of one right or remedy will not be deemed a waiver of any other right or remedy. In the event that any provision of this Agreement shall be determined to be illegal or unenforceable, that provision will
be limited or eliminated to the minimum extent necessary so that the Agreement shall otherwise remain in full force and effect and enforceable.

 

  
 13 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 Sales Agreement among 
 Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
  

 

	 	24.6	Any notice or communication hereunder shall be in writing and either personally delivered or sent via confirmed facsimile, recognized express delivery courier or
certified or registered mail, prepaid and return receipt requested, addressed to the other party at its address specified above, or at such other address designated in a subsequent notice. All notices shall be in English, effective upon receipt.

  

	25.	Insurance 

  

	 	25.1	Seller shall procure and carry in full force and effect such adequate insurance protection with reputable insurance company as will be sufficient to secure its
potential liabilities under this Agreement, in types and amounts customary in its industry for similar services and products (including without limitation, product liability insurance). Upon expiration or termination of this Agreement, Seller will
either maintain an active policy, or purchase an extended reporting period, providing coverage for claims first made and reported to the insurance company for two (2) years after the expiration or termination of this Agreement.

	26.	*** Information 

  

	 	26.1	Buyer shall supply Toshiba or its designated Affiliate(s) listed in Exhibit C with: 

 

	 	(i)	Buyer’s ***; 

  

	 	(ii)	***. 

  

	 	26.2	Buyer hereby acknowledges and agrees that during the term of this Agreement, Affiliates of Seller (that are identified in an Exhibit C attached hereto) may receive from
Toshiba or TAEC (the “Shareholder-Sellers”) certain information regarding Buyer’s *** that Buyer intentionally provided to such Shareholder-Seller as a potential investor or a shareholder of Buyer (“Shareholder Rights
*** Information”), provided that, unless otherwise authorized by Buyer in writing, the Shareholder-Sellers shall not disclose to its other Affiliates (and Shareholder Rights *** information shall not include) any information that
It may receive from Buyer as a potential investor or shareholder of Buyer that is not reasonably necessary for purposes of reviewing *** of Buyer in connection with this Agreement (such as, for example, information about other stockholders of
Buyer). 

  

	 	26.3	Buyer and Seller shall meet from time to time upon request, and discuss Buyer’s ***, for seeking a reasonable mutually agreeable ***.

 

  
 Please return
one fully-signed original of this agreement to TAEC Attention: 
 Legal/Contracts Administration Department. 19900
MacArthur Boulevard, Suite 400, Irvine, CA 92812 

  
 14 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  

 IN WITNESS WHEREOF, the duly authorized representatives of the parties hereto have executed the
Agreement. 
  

									
	Toshiba Corporation	 		 	Violin Memory, Inc.
					
	By:	 	 /s/ Yasuo Naruke
	 		 	By:	 	 /s/ Don Basile

					
	Name:	 	 Yasuo Naruke
	 		 	Name:	 	 Don Basile

					
	Title:	 	 Vice President, Memory Division Semiconductor & Storage Products Company
	 		 	Title:	 	 President and CEO

					
	Date:	 	 December 22, 2011
	 		 	Date:	 	 1/20/12

				
	Toshiba America Electronic Components, Inc.	 		 		 	
					
	By:	 	 /s/ Hitoshi Otsuka
	 		 		 	
					
	Name:	 	 Hitoshi Otsuka
	 		 		 	
					
	Title:	 	 President/CEO
	 		 		 	
					
	Date:	 	 December 22, 2011
	 		 		 	

  
 15 

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 *** Confidential material redacted and filed separately
with the Commission. 
  

 EXHIBIT A 
 PRODUCTS 
  

							
	 BUYER’S

PART NUMBER
	  	 SELLER’S PART
NUMBER
	  	  	  	 FAILURE

RATE

				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***
				
		  	***	  	***	  	#1    ***
				
		  		  		  	#2    ***

  
 16 

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redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
  

 EXHIBIT B 
 Cancellation and Re-Schedule Terms 
 Unless otherwise agreed in writing between Buyer and
Seller below, Buyer may only cancel or reschedule orders in accordance with the following terms: 
 Cancellation: 

Seller requires that Buyer provide written notice to cancel a purchase order, in whole or in part, no less than ***, before the latter of: the original
promised ship date, the current promised ship date from Seller’s facility or the date Buyer has requested. Any cancellation for which a notice is provided with less than such *** advance period shall be subject to a cancellation charge payment
by Buyer to Seller, equivalent to One Hundred Percent (100%) of the sales price of the applicable Products, but not in excess of Seller’s actual damages, which Seller shall endeavor to mitigate (such as, for example, by redeploying
materials and finished Products to other buyers); provided, if Buyer’s cancellation is for good reason (such as, for example, as a result of cancellation by Buyer’s customer of its order for Buyer’s products that incorporate the
Products), then Seller and Buyer shall endeavor to reach accommodations that minimize each party’s damages. 
 Rescheduling:

 Seller requires that Buyer provide written notice to reschedule an order for Products no less than *** but not more than ***, before the
latter of the original promised ship date, the current promised ship date from Seller’s facility, or the date Buyer has requested. Orders may be rescheduled one time within the *** period following the original delivery date. The rescheduled
order may not be canceled. 
 LTB products: 
 Notwithstanding anything herein, cancellation and rescheduling terms applicable to Products provided by Seller to Buyer based on its LTB purchase order shall be NCNF (No Cancellation, No Rescheduling),
provided, if Buyer has a good reason (such as for example, cancellation by Buyer’s customer of Its order for Buyer’s products that incorporate the Products), then Seller and Buyer shall endeavor to reach accommodations that minimize each
party’s damage 

  
 17 

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redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
  

 EXHIBIT C-1 

Payment, Delivery, Risk of Loss, and other specific terms applicable to 

Toshiba America Electronic Components, Inc. 
 Payment: 
 Net *** after the date of the invoice for the first six (6) months after the
Effective Date of this Agreement, and net *** after the date of the invoice for the seventh (7th) month and thereafter. 
 Delivery:

 F.C.A. Irvine, CA (incoterms 2010). Freight will be prepaid by Seller and invoiced to Buyer. 

Risk of Loss: 
 Title to all Products
released hereunder and risk of loss or damage shall pass from Seller to Buyer upon delivery of the Products cleared for export to the common carrier for shipment to Buyer. 
 Export Control: 
 Regardless of Section 20 of the Agreement, between TAEC and Violin
Memory, Inc. (“Violin”), Violin and the Products, information, or technical data furnished by TAEC to Violin, shall be subject to certain restrictions related to export control, end-uses, and end-users, as specified in that certain
Statement of Assurance addressed to TAEC and executed by Violin. Buyer understands and acknowledges that TAEC requires execution of a statement of assurance in a satisfactory form as a condition for shipping Products, for each applicable entity of
Buyer, its Affiliates, or CMs. 

  
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 EXHIBIT D 
 Buyer’s Affiliates and CMs 
  

	•	 	 Buyer and Its Affiliates (as of the Effective Date of the Agreement); 

Violin Memory, Inc. 
  

	•	 	 Buyer’s CMs (as of the Effective Date of the Agreement): 

Flextronics 

  
 19 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  

 EXHIBIT E 
 Warrant 

  
 20 

 Amendment No. 1 to Sales Agreement Among Toshiba Corporation, 

Toshiba America Electronic Components, Inc. and Violin Memory Inc. 
 This Amendment No. 1 to Sales Agreement among Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory Inc. (“Amendment No. 1”) is made by and among Toshiba Corporation
on behalf of itself and its Affiliates identified in Exhibit C attached to the Sales Agreement (“Toshiba”), Toshiba America Electronic Components, Inc. (“TAEC”, Toshiba and TAEC collectively referred to as “Seller”),
and Violin Memory, Inc. on behalf of itself and its Affiliates identified in Exhibit D attached to the Sales Agreement (“Buyer”). 

WHEREAS, Seller and Buyer entered into Sales Agreement among Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc.
(the “Sales Agreement”) effective as of June 27, 2011; 
 WHEREAS, Seller and Buyer desire to amend the Sales Agreement under the
terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein, Seller
and Buyer hereby agree to amend the Sales Agreement as follows: 
  

	1.	Unless otherwise indicated, all capitalized terms in this Amendment No. 1 shall have the meanings as defined in the Sales Agreement. 

 

	2.	On the Expiration Date (as defined in the first sentence of the second paragraph of the Warrant) of the Warrant, the second sentence of Section 6.1 of the Sales
Agreement stating “No interest or other charges for late payment may be assessed by Seller” shall be deleted in its entirety and replaced with the following: 

“Any amount not paid when due may bear a late payment charge until paid at the rate of the then current U.S. Prime Rate per
annum.” 
  

	3.	Unless explicitly modified hereby, all terms and conditions of the Sales Agreement shall continue in full force and effect. 

 

	4.	This Amendment No. 1 shall become effective as of November 30, 2012. 

  
 1 

	5.	In the event of any inconsistency or conflict between the Sales Agreement and this Amendment No. 1, the terms, conditions and provisions of this Amendment No. 1 shall
govern and control. The terms and conditions contained in this Amendment No. 1 and the Sales Agreement as amended hereby constitute the entire agreement between the parties and supersede all previous agreements and understandings, whether oral or
written, between the parties hereto with respect to the subject matter hereof. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment No. 1 to be signed in duplicate by their duly authorized representatives. 
  

									
	Toshiba Corporation	 		 	Violin Memory, Inc.
					
	By:	 	 /s/ Ichiro Hirata
	 		 	By:	 	 /s/ Cory Sindelar

					
	Name:	 	 Ichiro Hirata
	 		 	Name:	 	 Cory Sindelar

					
	Title:	 	 Chief Marketing Executive
	 		 	Title:	 	 CFO

					
	Date:	 	 December 12, 2012
	 		 	Date:	 	 November 30, 2012

				
	Toshiba America Electronic Components, Inc.	 		 		 	
					
	By:	 	 /s/ Scott Nelson
	 		 		 	
					
	Name:	 	 Scott Nelson
	 		 		 	
					
	Title:	 	 Sr. VP Memory BU
	 		 		 	
					
	Date:	 	 December 12, 2012
	 		 		 	

  
 2 

 Amendment No. 2 to Sales Agreement Among Toshiba Corporation, 

Toshiba America Electronic Components, Inc. and Violin Memory, Inc. 
 This Amendment No. 2 to Sales Agreement, as amended, among Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. (“Amendment No. 2”) is made by and among
Toshiba Corporation on behalf of itself and its Affiliates identified in Exhibit C attached to the Sales Agreement (“Toshiba”), Toshiba America Electronic Components, Inc. (“TAEC”, Toshiba and TAEC collectively referred to as
“Seller”), and Violin Memory, Inc., on behalf of itself and its Affiliates identified in Exhibit D attached to the Sales Agreement (“Buyer”). 
 WHEREAS, Seller and Buyer entered into Sales Agreement among Toshiba Corporation, Toshiba America Electronic Components, Inc. and Violin Memory, Inc. (the “Sales Agreement”) effective as of
June 27, 2011, as amended in Amendment No. 1 on November 30, 2012; 
 WHEREAS, Seller and Buyer desire to amend the Sales Agreement
under the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein,
Seller and Buyer hereby agree to amend the Sales Agreement as follows: 
  

	1.	Unless otherwise indicated, all capitalized terms in this Amendment No. 2 shall have the meanings as defined in the Sales Agreement. 

 

	2.	A section numbered 26.4 (“Section 26.4”) shall be added to the Sales Agreement. Section 26.4 shall state: “Sections 26.1, 26.2, and 26.3 of this
Agreement shall be rendered void and ineffective on the occurrence of an initial public offering by Buyer.” 

  

	3.	Unless explicitly modified hereby, all terms and conditions of the Sales Agreement shall continue in full force and effect. 

 

	4.	This Amendment No. 2 shall become effective as of November 30, 2012. 

  

	5.	In the event of any inconsistency or conflict between the Sales Agreement, Amendment No. 1, and this Amendment No. 2, the terms, conditions and provisions of this
Amendment No. 2 shall govern and control. The terms and conditions contained in this Amendment No. 2 and the Sales Agreement as amended, and as hereby amended, constitute the entire agreement between the parties and supersede all previous agreements
and understandings, whether oral or written, between the parties hereto with respect to the subject matter hereof. 

  
 1 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be signed in duplicate by their
duly authorized representatives. 
  

									
	Toshiba Corporation	 		 	Violin Memory, Inc.
					
	By:	 	 /s/ Ichiro Hirata
	 		 	By:	 	 /s/ Cory Sindelar

					
	Name:	 	 Ichiro Hirata
	 		 	Name:	 	 Cory Sindelar

					
	Title:	 	 Chief Marketing Executive
	 		 	Title:	 	 Chief Financial Officer

					
	Date:	 	 November 30, 2012
	 		 	Date:	 	 November 30, 2012

				
	Toshiba America Electronic Components, Inc.	 		 		 	
					
	By:	 	 /s/ Scott Nelson
	 		 		 	
					
	Name:	 	 Scott Nelson
	 		 		 	
					
	Title:	 	 Sr. VP Memory BU
	 		 		 	
					
	Date:	 	 November 30, 2012
	 		 		 	

  
 2Sponsorship Agreement

 Exhibit 10.14 
 Confidential Treatment Requested. Confidential portions of this document have been redacted and have been separately filed with the Commission. 

SPONSORSHIP AGREEMENT 
 THIS SPONSORSHIP AGREEMENT (this “Agreement”) is made and entered into as of June 13, 2012 the (“Effective Date”), by and between Forty Niners SC Stadium
Company LLC, a Delaware limited liability company (“Forty Niners SC”) having its principal place of business at 4949 Centennial Boulevard, Santa Clara, CA 95054, and Violin Memory, Inc., a Delaware corporation
(“Sponsor”) having its principal place of business at 685 Clyde Avenue, Mountain View, CA 94043. For purposes of this Agreement, Forty Niners SC and Sponsor may each be referred to individually as a “Party” and may
be collectively referred to as the “Parties.” 
 Recitals 

WHEREAS, Forty Niners SC is an affiliate of Forty Niners Football Company LLC, (the “Team”), a Delaware limited
liability company that owns the National Football League franchise for the professional football team known as the San Francisco 49ers. 
 WHEREAS, the Santa Clara Stadium Authority (“SCSA”) is building a new stadium in Santa Clara (the “Stadium”) which it will own and operate. 

WHEREAS, Forty Niners SC entered into a lease with SCSA pursuant to which Forty Niners SC will have the right to sell sponsorships at the
Stadium. 
 WHEREAS, Team entered into a sub-lease with Forty Niners SC and will play substantially all of its home games at the
Stadium. 
 WHEREAS, Sponsor desires to become a sponsor of Forty Niners SC, and Forty Niners SC desires to grant Sponsor
certain sponsorship rights, under the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual
promises and obligations set forth herein, the sufficiency of which is hereby acknowledged, the Parties agree as follows: 

Agreement 
 1.
Definitions. 
 (a) “Affiliate” means a person or entity that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, a Party. The term ‘control’ means the possession of the power to direct the management and policies of the person or entity, whether through ownership of
voting securities, by contract or otherwise. 
 (b) “Agreement” has the meaning set forth in the initial paragraph.

 (c) “Contract Year” means, for the first year of this Agreement, from March 1 of the year in which the Stadium
is anticipated to open through February 28 of the following year. For all years thereafter, Contract Year means the period from March 1 through February 28 (or 29). 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 (d) “Deposit” has the meaning set forth in Section 5(b) of this Agreement, 
 (e) “Effective Date” has the meaning set forth in the initial paragraph. 

(f) “Forty Niners SC” has the meaning set forth in the initial paragraph. 

(g) “Indemnitee” has the meaning set forth in Section 11(a) of this Agreement. 

(h) “Lost Sponsorship Benefits” has the meaning set forth in Section 7(c) of this Agreement. 

(i) “Marks” means collectively the Team Marks and the Sponsor Marks. 

(j) “No-Signage Event” has the meaning set forth in Section 3(c) of this Agreement. 

(k) “Party” has the meaning set forth in the initial paragraph. 

(l) “Product and Services Category “ means flash data storage and/or video surveillance products. 

(m) “Scheduled Opening Date” has the meaning set forth in Section 7(a) of this Agreement. 

(n) “SCSA” has the meaning set forth in the Recitals. 
 (o) “Sponsor” has the meaning set forth in the initial paragraph. 
 (p)
“Sponsor Marks” means those trademarks and services marks set forth in Schedule 3, as may be updated by Sponsor from time to time, provided that in the event that Sponsor changes its name, the cost of effectuating the change of such
Sponsor Marks shall be borne by Sponsor. 
 (q) “Sponsorship Fee” has the meaning set forth in Section 5(a) of
this Agreement. 
 (r) “Sponsorship Rights” has the meaning set forth in Section 3(a) of this Agreement.

 (s) “Stadium” has the meaning set forth in the Recitals. 

(t) “Team” has the meaning set forth in the Recitals. 
 (u) “Team Companies” shall mean, collectively, Forty Niners SC and the Team. 
 (v) “Team Marks” means those trademarks and services marks set forth in Schedule 2. 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
 *** Confidential material redacted and filed separately
with the Commission. 
 2. Term. 
 (a) This Agreement shall commence on the “Effective Date” and shall continue for ten (10) Contract Years, unless terminated in accordance with the provisions of Section 6 of this
Agreement or extended by renewal by written agreement of the Parties in accordance with the provisions of Section 13(o) of this Agreement (the “Term”). 
 (b) Provided the Agreement is not earlier terminated in accordance with its terms, *** shall have ***, from ***, to *** for the period ***. During such period,
***. The parties agree and acknowledge that ***. Nothing herein shall prevent Team from *** at any time, provided Team does not ***. Nothing herein shall prevent Team from ***, so long as such *** is limited
to stating that the ***. 
 3. Grant of Sponsorship Rights. 

(a) From the commencement of the first Contract Year through the end of the Term, Forty Niners SC will provide (or cause to be provided)
to Sponsor those sponsorship rights (“Sponsorship Rights”) as set forth in Schedule 1 to this Agreement. 
 (b) License to Use Team Marks. From the commencement of the first Contract Year through the end of the Term, Forty Niners SC grants to Sponsor a limited license during the Term to
(a) advertise and promote the fact that Sponsor is an “official sponsor of the San Francisco 49ers,” (b) use, reproduce and display the Team Marks in connection with advertising and promotion of Sponsor’s goods and
services in the Product and Services Category, and (c) promote Sponsor’s sponsorship, subject to the terms and conditions of use set forth herein. 
 (c) No-Signage Events. Sponsor acknowledges and agrees that SCSA (directly or through its appointed manager) may determine in its sole discretion that certain events at the Stadium (other
than Team events) from time to time (each referred to herein as a “No-Signage Event”), including, but not limited to the Olympic Games, World Cup Soccer, NCAA championships, college football bowl games, college football championship
games and other events, may require that signage and advertising be covered, obscured or temporarily removed during the event or may prohibit signage or advertising for any party other than a sponsor of the event itself. Sponsor agrees that it shall
not be entitled to Sponsorship Rights, signage or other advertising benefits in or around the Stadium for a reasonable period before, during and after a No-Signage Event. 
 (d) Does Not Cover Other Professional Sports Teams. Sponsor acknowledges and agrees that the Sponsorship Rights granted hereunder do not include any rights or benefits related to or in
connection with any other professional sports team that may, from time to time, play its home games in the Stadium. SCSA and/or such other team shall have the right to grant Stadium-related rights and benefits to another sponsor within the Product
and Services Category with respect to such other team’s home games played at the Stadium. 
 (e) Grant of License by
Sponsor. In order for Forty Niners SC to fulfill its obligations hereunder, Sponsor hereby grants to Forty Niners SC a limited license during the 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 *** Confidential material redacted and filed separately with the Commission. 
  

Term to use, reproduce and display the Sponsor Marks in connection with advertising and promotion of Sponsor and its sponsorship. 
 4. Exclusivity. 
 (a) Exclusive Sponsor of the Team. Forty
Niners SC acknowledges and agrees that, except as otherwise provided herein, the rights granted to Sponsor herein are exclusive to Sponsor within the Product and Services Category with respect to Forty Niners SC at the Stadium. Forty Niners SC shall
not enter into a sponsorship agreement with a party with respect to the Product and Services Category, provided however, that Forty Niners SC shall be permitted to enter into a sponsorship agreement with any party that enters into a naming rights
agreement with SCSA for the Stadium, provided that if SCSA enters into a naming rights agreement for the Stadium with a party that is in the Products and Services Category, Sponsor may immediately terminate this Agreement and receive a pro rated
refund of any amounts paid by Sponsor for the unexpired Contract Year in which the termination occurs. 
 (b) Ability to
Seek Other Sponsorships. Sponsor acknowledges and agrees that, notwithstanding the grant of exclusivity set forth in this Section 4, Team shall have the right to solicit and enter into sponsorships with other parties that are not known
primarily or exclusively as suppliers or providers of any product or service within the Product and Services Category. Without limiting Section 4(a) above, the Parties agree that *** are, at the Effective Date, primarily or exclusively
known as suppliers or providers in the Product and Services Category. Accordingly, Forty Niners SC shall not solicit or enter into sponsorships with such Parties. 
 5. Sponsorship Fee. 
 (a) Fee. In exchange for the
Sponsorship Rights to be provided to Sponsor during each Contract Year of this Agreement, Sponsor shall pay an annual fee (the “Sponsorship Fee”) during each Contract Year of the Term. The Sponsorship Fee shall be four-million U.S.
Dollars (USD $4,000,000.00) during each Contract Year. 
 (b) Deposit. Sponsor shall make a non-refundable deposit
upon execution of this Agreement of five-hundred-thousand U.S. dollars (USD $500,000.00) (the “Deposit”), which shall be applied against the Sponsorship Fee for the first Contract Year. 

(c) Payment Schedule. The Sponsorship Fee shall be payable in two (2) equal semiannual installments per year on or
before March 1 and September 1 of each Contract Year of the Term; with the first installment due on March 1, 2014, unless Forty Niners SC notifies Sponsor that the Stadium will not open in 2014. 

(d) Taxes. The Sponsor Fee is net of any commissions. Sponsor shall be liable for all applicable taxes or charges, other
than taxes or charges based solely on Forty Niners SC’s net income. 
 (e) Cost of Materials. Unless
otherwise agreed in writing, Sponsor shall be solely responsible for all costs and expenses incurred producing (including, without limitation, design, production and installation) marketing materials, signage, and/or branding or entitlement, if any

  
 4 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 *** Confidential material redacted and filed separately with the Commission. 
  

(e.g., advertising copy, fixed signage, build-out of entitled club space, etc.), used in connection with the Agreement. In the event Sponsor terminates the Agreement prior to
expiration, Sponsor shall pay for the removal of its signage from the Stadium. 
 (f) Interest on Late Payments.
Any payment required to be made by Sponsor hereunder that is not paid within fourteen (14) days from the date such payment becomes due and owing shall bear interest at an annual rate of twelve percent (12%) per annum or, if lower, the
maximum allowed by law from the due date to the date payment is actually made. The right of Forty Niners SC to receive interest under this Section 5(f) shall be in addition to all other rights it may have as a result of Sponsor’s failure
to make payments when due. 
 (g) Business Back. Over the course of the Term, Forty Niners SC shall purchase, at
retail (measured by the average price sold to other customers), and subject to the terms of such future purchase agreements, *** of Sponsor’s products, services, and support. 
 6. Termination. 
 (a) Default. If either Party defaults in
the performance of, or compliance with, any term or condition of this Agreement, the other Party may terminate this Agreement by written notice. Termination of this Agreement shall be effective thirty (30) days from the date of receipt of such
notice, unless, within thirty (30) days after receipt of such notice, the defaulting Party has corrected the default or if such default is capable of correction, has taken timely and reasonable steps to correct and will complete such correction
within another thirty (30) days. 
 (b) Insolvency or Bankruptcy. If either Party files a petition in
bankruptcy or is adjudicated a bankrupt, or if a petition in bankruptcy is filed against a Party, or if a Party becomes insolvent, makes an assignment for the benefit of its creditors or an arrangement pursuant to any bankruptcy law, or if a Party
discontinues its business or if a receiver is appointed for it or its business, exclusivity under Section 4 shall terminate automatically and immediately and the other Party shall have the right to terminate this Agreement effective upon giving
of notice to insolvent/bankrupt Party. 
 (c) Harmful Behavior. Either Party shall have the right to immediately
terminate this Agreement in the event the other Party, in such Party’s reasonable discretion, engages in illegal, indecent, immoral, harmful or scandalous behavior or activities that may directly or indirectly damage such Party’s
reputation or goodwill or violates any rules or regulations of Team or the National Football League or if this would otherwise violate League policy or directive. 
 (d) Stadium Naming. Sponsor shall have the right to immediately terminate this Agreement as set forth in Section 4(b) above. 

(e) Discontinuance of Use of Marks. Upon expiration or termination of this Agreement, Sponsor shall immediately cease any
new uses of all Team Marks, as well as any statements of association with Forty Niners SC, the Team and the Stadium. Sponsor acknowledges that its failure to cease the use of Team Marks at the termination or expiration of the Agreement will result
in immediate and irreparable harm to Team, Forty Niners SC and the 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 
SCSA and to the rights of any subsequent sponsor. Sponsor agrees that in the event of such failure to cease such use, Team, Forty Niners SC, and SCSA shall be entitled to equitable relief by way
of temporary and permanent injunctions and such other and further relief as any court with jurisdiction may deem just and proper. Upon expiration or termination of this Agreement, Forty Niners SC and the Team shall immediately cease any new uses of
all Sponsor Marks. 
 (f) Termination Is Without Prejudice to Terminating Party’s Rights. Any termination of
this Agreement pursuant to this Section 6 shall be without prejudice to the terminating Party’s rights and remedies available at law or equity. 
 7. Opening of Stadium. 
 (a) Scheduled Opening Date. Sponsor
acknowledges that the opening of the Stadium is scheduled for August 31, 2014 (the “Scheduled Opening Date”). During the 2014 NFL season, Team expects to play all home pre-season games at the existing facility and not in
the Stadium. Sponsor further acknowledges that, due to the complexity of constructing the Stadium, the possibility exists that the opening of the Stadium could occur after the Scheduled Opening Date. In the event that the opening of the Stadium
occurs after the Scheduled Opening Date, then Sponsor agrees that its sole remedies shall be as set forth in this Section 7. 
 (b) Four Regular Season Home Games or Fewer. In the event that the opening of the Stadium causes the first four or fewer regular 2014 season home games to be played outside of the Stadium,
then there shall be no adjustment to the benefits provided as part of the Team Sponsorship Rights and/or the Stadium Sponsorship Rights. Team acknowledges and agrees that Sponsor shall still be entitled to receive all benefits provided under the
Team Sponsorship Rights for all such games played outside the Stadium. 
 (c) Greater than Four Regular Season Home
Games. In the event that the Stadium opens in 2014 but four or more regular 2014 season games are played outside of the Stadium, then (i) Sponsor shall be entitled to receive all benefits provided under the Sponsorship Rights for all
such games played outside the Stadium and (ii) Sponsor shall be entitled to receive “make good benefits” for the value of benefits to be provided as part of the Sponsorship Rights that are not provided (the “Lost Sponsorship
Benefits”). The Parties shall meet to determine make good benefits to be provided to compensate for Lost Sponsorship Benefits. In the event that the Parties are unable to agree on the make good benefits to be provided, then the make good
benefits shall be determined under the arbitration process set forth in Section 12. 
 (d) Stadium Opens for the 2015
or 2016 Season. In the event that the Stadium does not open during the 2014 season, then, pursuant to Section 2, the first Contract Year will not commence until the year in which the Stadium is anticipated to open. 

(e) Stadium Does Not Open. In the event that the Stadium does not open within two years of the Scheduled Opening Date, then
the Sponsorship Fee shall thereafter be reduced to an amount equal to the value of the Team Sponsorship Rights only. The Parties shall negotiate in good faith to determine the value of the Team Sponsorship Rights alone. If they are unable to

  
 6 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 
reach an agreement on this issue, then the dispute shall be resolved under the arbitration process set forth in Section 12. 
 8. Intellectual Property. 
 (a) Ownership of Marks. Nothing
herein contained shall be construed as an assignment or grant to Sponsor of any right, title or interest in or to the Team Marks, or in or to any copyright, design patent or trademark thereto, beyond the grant of the licensing rights on the terms
herein specified. Sponsor hereby agrees that its every use of Team Marks shall inure to the benefit of Team Companies and that Sponsor shall not at any time acquire any rights in Team Marks by virtue of any use it may make of such marks. Likewise,
nothing herein shall be construed as an assignment or grant to Forty Niners SC of any right, title or interest in or to the Sponsor Marks, or in or to any copyright, design patent or trademark thereto, beyond the grant of the licensing rights on the
terms herein specified. Forty Niners SC hereby agrees that its every use of the Sponsor Marks shall inure to the benefit of Sponsor, and Forty Niners SC shall not at any time acquire any rights in Sponsor Marks by virtue of any use Team Companies
may make of such marks. Sponsor shall have no sub-license or pass-through rights. Sponsor agrees that it will not create any trademark, logo or other intellectual property that is derived from or confusingly similar with the Team Marks or that in
any way indicates or implies a connection, affiliation, endorsement, sponsorship or other relationship between Sponsor, or any product or service of Sponsor, and the Team Companies, without the prior written approval of Forty Niners SC. 

(b) Notification of Infringement. Sponsor shall notify Forty Niners SC of any infringement of the trademark rights or
copyright in the Team Marks, and to assist in any action, legal or otherwise, necessary to protect such trademark rights or copyright, provided that all costs and expenses related to such an action shall be the sole responsibility of Forty Niners
SC. 
 (c) Use According to Specifications. Sponsor agrees to use the Team Marks only in accordance with the Team
Companies’ specifications and guidelines as may be provided from time to time. Sponsor’s materials shall be of high standard and superior quality and shall in no manner reflect adversely on Team Companies or the Stadium. The Team Companies
agree to use the Sponsor Marks only in accordance with Sponsor’s specifications and guidelines as may be provided from time to time. 
 (d) Approval of Use of Marks. Sponsor shall submit to the Team Companies all advertising or promotional materials related to this Agreement and involving Team Marks a minimum of ten
(10) days prior to the production of such materials. Sponsor need not receive specific approval to release such advertising or promotional materials to the public. However, the Team Companies shall have the right, at any time during the ten
(10) day period, to object to any advertising or promotional materials. Sponsor will not use the advertising or promotional material if the Team Companies objects to advertising or promotional materials. The Team Companies shall submit to
Sponsor all materials related to this Agreement and involving Sponsor Marks a minimum of ten (10) days prior to the production of such materials. The Team Companies need not receive specific approval to release such advertising or promotional
materials to the public. However, Sponsor shall have the right, at any time during the ten (10)

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 
day period, to object to any advertising or promotional materials. The Team Companies will not use the advertising or promotional material if Sponsor objects to advertising or promotional
materials. 
 (e) Players and Coaches. With the exception of certain group player licensing rights made available
to the Sponsor by the Team Companies pursuant to the Team’s rights under the NFL Collective Bargaining Agreement, Sponsor acknowledges that this Agreement does not grant it any rights with respect to the name, likeness, signature or other
attributes of any player, coach, or other employee of the Team. Sponsor shall be responsible for securing whatever rights may be required for the use of such names, likenesses, signatures or other attributes and may only do so with the prior written
consent of the Team Companies. Sponsor represents that it will not exercise the rights granted in this Agreement in any manner that will imply Sponsor has obtained any such rights without separate written authorization from the, appropriate player,
coach or employee. 
 (f) No Contests Without Approval. Unless otherwise indicated in this Agreement, Sponsor has
no right to run contests, sweepstakes, or promotions in connection with Team Marks or the Agreement or for the award of invitations, tickets or other benefits acquired by Sponsor under the Agreement. In the event the Team Companies grant Sponsor the
right to run a contest, sweepstakes or promotion, then Sponsor shall comply with all applicable federal, state and local laws, rules, regulations or orders applicable to any such activities and hereby indemnifies the Team Companies and SCSA from any
failure to so comply. 
 9. Confidentiality. The Parties shall each keep confidential all provisions of this Agreement and (unless
required by law or judicial process after making reasonable efforts to resist disclosure, including without limitation he requirements of any securities exchange), shall not disclose any of same to any third party (other than the NFL, the
Parties’ respective lenders or potential lenders, and the agents, counsel,- and other representatives of NFL, the Parties, and such lenders) without first obtaining the prior written consent of the other Party. The provisions of this
Section 9 shall survive the termination or expiration of this Agreement for any reason Warranties and Representations. 
 (a) By Forty Niners SC. Forty Niners SC represents and warrants to Sponsor the following: 
 (i) Forty Niners SC is a limited liability company in good standing under the laws of the State of Delaware and is duly authorized to transact business in the State of California, with full power and
authority to enter into and fully perform its obligations under this Agreement. The execution and delivery of this Agreement on behalf of Forty Niners SC has been duly authorized, and no consent or approval of any other person or entity is required
for execution of and performance by Forty Niners SC of this Agreement. 
 (ii) Forty Niners SC is not a party to any existing
agreement regarding the sponsorship or promotion of or advertising relating to the Stadium, which other agreement would conflict with the provisions of this Agreement or otherwise impair any of the rights or other benefits Sponsor is entitled to
receive hereunder. 

  
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 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 (iii) Forty Niners SC has not granted any rights pertaining to the subject matter of this Agreement to any party in a manner which would cause Forty Niners SC to be in default under any such agreement or
which prevents Forty Niners SC from granting the rights and licenses to Sponsor under this Agreement. 
 (iv) The execution,
delivery and performance of this Agreement and the transactions contemplated hereby (a) are within the authority of the Team Companies, and (b) do not conflict with or result in any breach or contravention of any provision of applicable
law or the constitution, bylaws or other requirements of the NFL. 
 (v) There are no actions, suits, proceedings or
investigations of any kind ending or threatened against the Team Companies with respect to the transactions contemplated hereby. 
 (vi) The Team Companies own or otherwise have sufficient rights in and to the Team Marks to grant the rights and licenses granted herein. 

(b) By Sponsor. Sponsor represents and warrants to Forty Niners SC the following: 

(i) Sponsor is a corporation in good standing under the laws of the State of Delaware and is duly authorized to transact business in the
State of California with full power and authority to enter into and fully perform its obligations under this Agreement. The execution and delivery of this Agreement on behalf of Sponsor has been duly authorized by Sponsor and, no consent or approval
of any other person or entity is required for execution of and performance by Sponsor of this Agreement. 
 (ii) Neither this
Agreement nor anything required to be done hereunder by Sponsor violates any corporate charter, contract, or other document to which Sponsor is a party or by which it is otherwise bound. 

(iii) Sponsor has not granted any rights pertaining to the subject matter of this Agreement to any party in a manner which would cause
Sponsor to be in default under any such agreement or which prevents Sponsor from entering into this Agreement. 
 (iv) The
execution, delivery and performance of this Agreement and the transactions contemplated hereby (a) are within the authority of Sponsor, and (b) do not conflict with or result in any breach or contravention of any provision of applicable
law. 
 (v) There are no actions, suits, proceedings or investigations of any kind ending or threatened against Sponsor with
respect to the transactions contemplated hereby. 
 (vi) Sponsor is the sole owner of all right, title and interest in and to
the Sponsor Marks. 
 10. Indemnification and Insurance. 

 Confidential Treatment Requested. Confidential portions of this document have been
redacted and have been separately filed with the Commission. 
  
 *** Confidential material redacted and filed separately with the Commission. 
  

(a) Indemnification. Sponsor hereby agrees to and does (a) waive any and all suits, actions, claims, losses, demands, damages,
liabilities, costs and reasonable expenses of every kind (including consequential, incidental or punitive damages, or lost profits), including court costs and reasonable attorneys’ fees (collectively, “Claims”) Sponsor may have
now or in the future against Forty Niners SC, its Affiliates, the National Football League, SCSA and any of their respective officers, directors, employees, agents, insurers, and assigns (collectively, the “Indemnitees”) for damage to or
destruction of Sponsor’s property, excepting only claims caused by the gross negligence or willful misconduct of an Indemnitee; (b) fully compensate Forty Niners SC, the SCSA and their respective Affiliates (“Indemnitees”)
for damage to or destruction of their tangible property caused by, resulting from, or arising out of Sponsor’s negligence or willful misconduct under this Agreement; (b) defend, indemnify, protect and hold the Indemnitees harmless from and
against any and all claims by Sponsor’s officers, directors, employees, insurers, invitees, and agents for any personal injury or death or any property damage, regardless of how caused, including claims caused in whole or in part by the act,
omission or negligence of an Indemnitee, excepting with respect to any Indemnitee only claims caused by the negligence or willful misconduct of such Indemnitee, to the extent of such negligence or willful misconduct, and (c) defend, indemnify,
protect and hold harmless the Indemnitees against any and all claims by third parties, including, without limitation, all costs, liabilities, judgments, expenses, damages and reasonable attorneys’ fees, arising out of or in connection with
(i) any breach by Sponsor of any provision of the Agreement or any representation or warranty made by it therein; (ii) the use of the Sponsor Marks displayed in any advertising materials; (iii) any negligence or willful misconduct of
Sponsor, its employees, servants and agents hereunder or in respect hereto; and (iv) any event for which Sponsor is credited with sponsorship or which is controlled or directed by Sponsor or anyone with whom Sponsor has contracted to control or
direct such activities. ***. Promptly after the receipt by an indemnified party of notice of any claim, such indemnified party will, if a claim with respect thereto is to be made against an indemnifying party, give such indemnifying party
written notice within a reasonable period of such asserted liability or commencement of such action or proceeding. The indemnifying party shall have the right, at its option, to compromise, settle or defend, at its own expense and with its own
counsel, such claim; provided, however, such right shall apply only to claims for monetary damages and not to claims for injunction or other equitable relief, and provided further that no Party shall have the right to bind the other Party under the
terms of a settlement without the consent of such Party. If the indemnifying party undertakes to compromise, settle or defend any such claim, it shall promptly notify the indemnified party. The indemnified party shall cooperate reasonably with the
indemnifying party and its counsel, at the sole expense of the indemnifying party, in the compromise or settlement of, or defense against, any such claim. 
 (b) Insurance. During the Term of this Agreement, *** shall, at no cost to the ***, maintain (or cause to be maintained) the following insurance coverage with insurers having a
“Best’s” rating of A-VIII or better: commercial general liability insurance, including coverage for bodily injury, property damage, personal and advertising injury, products/completed operations and contractual liability with a
minimum amount of ten million US Dollars (USD $10,000,000.00) for each occurrence. *** shall furnish the other Party with a certificate of insurance evidencing such insurance coverage, which shall further contain a provision that the

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policy or policies evidenced thereby shall not be canceled or modified without thirty (30) days advance written notice. 

(c) ***. In no event shall *** be *** or ***, even if apprised of the *** of such ***.

 11. Arbitration. 
 (a) Disputes Subject to Arbitration. Any dispute arising under or relating to this Agreement shall be resolved exclusively by arbitration under the Commercial Arbitration Rules of the American
Arbitration Association, with the venue of any such arbitration proceeding to be in Santa Clara, California or such other location as maybe agreed by the Parties. 
 (b) Arbitrator. The arbitrator for any dispute shall be selected according to the Commercial Arbitration Rules of the American Arbitration Association. 

(c) Arbitration Award. The award rendered by the arbitrator shall be final, shall identify a winning Party, and judgment may be
entered upon the award in accordance with applicable law in any court having jurisdiction thereof 
 (d) Expenses;
Attorneys’ Fees and Costs. The fees and expenses of the arbitrators shall be paid by the non-winning Party. In addition, the winning Party’s reasonable attorneys’ fees and costs shall be paid by the non-winning Party. 

12. Miscellaneous Provisions. 
 (a) Relationship of Parties. Forty Niners SC and Sponsor shall at all times be independent contractors with respect to each other, and this Agreement shall not constitute either as the agent,
partner, or legal representative of the other for any purpose whatsoever. From time to time during the Term, each Party will designate an individual to serve as the primary liaison of such Party for the day-to-day administration of this Agreement.

 (b) Third Party Beneficiaries. This Agreement does not and is not intended to confer any rights upon any person other
than the Parties, except that it is expressly agreed that Team and SCSA are intended third party beneficiaries of Section 8. 
 (c) Compliance. This Agreement and the rights conferred herein are subject to (i) the Constitution and Bylaws and all other rules and regulations of the NFL as they presently exist and as they
may, from time to time, be amended; (ii) the terms of any existing or future contracts or agreement entered into by NFL Properties or a related entity relating to sponsorships, the telecasting or radio broadcasting of NFL games; (iii) any
rule or regulation of the NFL or any agreement to which the NFL is a party which restricts the visibility of signage within the Stadium during NFL games which are televised nationally; and (iv) any and all statutes and regulations of the United
States, the State of California, the County of Santa Clara or the City of Santa Clara, as may from time to time be in force. 

(d) Waiver. The failure by either Party to exercise any right, power or option given to it by this Agreement, or to insist upon
strict compliance with the provisions of this Agreement, 

  
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shall not constitute a waiver of the provisions of this Agreement with respect to any other or subsequent breach thereof, nor a waiver by such Party of its rights at any time thereafter to
require exact and strict compliance with all the provisions hereof. The rights or remedies under this Agreement are cumulative to any other rights or remedies which may be granted by law. 

(e) Notice. All notices, requests, or offers required or permitted to be made under this Agreement shall be in writing and shall
be deemed properly delivered on the earlier of actual receipt or three days after the date deposited in the U.S. Mail, by certified mail, return receipt requested, or by recognized overnight delivery service with signature required (e.g.,
FedEx, UPS) addressed as follows: 
  

			
	If to Forty Niners SC:	  	 San Francisco 49ers
 Attn:
Legal Affairs
 4949 Centennial Blvd.

Santa Clara, CA 95054

		
	If to Sponsor:	  	 Violin Memory, Inc.
 Attn:
Legal
 685 Clyde Ave
 Mountain View, CA
94043

 (f) Severability. Should any provision of this Agreement be determined to be invalid for any
reason, such invalidity shall not affect the validity of any other provisions, which other provisions shall remain in full force and effect as if this Agreement had been executed with the invalid provision eliminated, and it is hereby declared the
intention of the Parties that they would have executed the other provisions of this Agreement without including therein any such provisions which may for any reason be hereafter determined invalid. 

(g) Assignment. This Agreement and the rights granted hereunder may not be assigned, sold, transferred, pledged or exchanged by
Sponsor by operation of law or otherwise without the prior written consent of Forty Niners SC, which consent shall be in Forty Niners SC’s sole discretion; provided, however, that Forty Niners SC shall consent to an assignment to any entity
that acquires Sponsor (or a substantial portion of Sponsor’s assets) via merger, acquisition or other similar transaction so long as (i) such entity’s sponsorship would not cause Forty Niners SC to breach any existing agreement,
(ii) Sponsor is not in default under this Agreements, and (iii) such sponsorship shall not otherwise cause a breach under this Agreement. ***. Sponsor shall have no right to assign any right granted hereunder to use Team Marks, or
any other Sponsorship Rights granted hereunder, to any third party, except as otherwise explicitly set forth herein. The rights and obligations of Forty Niners SC under this Agreement may be assigned by Forty Niners SC without the consent of Sponsor
so long as the assignment shall be the assignment of Team’s rights and obligations hereunder (i) as collateral security for financing arrangements, (ii) to any Affiliate or successor entity, or (iii) to any purchaser of
Team’s interest in its NFL franchise. The Agreement and all of the terms and provisions hereof will be binding upon and will inure to the benefit of the Parties hereto and their respective successors and permitted assigns, upon proper
assignment where required. 

  
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 (h) Force Majeure. Neither Party shall be liable for failure to comply with any of the terms or conditions of this Agreement when such failure to comply has been caused by fire, war, insurrection,
labor disturbances, work stoppages, terrorism, government restrictions, natural disasters, weather, or acts of God beyond the reasonable control of the Parties, provided the Party so affected gives prompt notice to the other. In the event of a
suspension or any obligation by reason of this Section 13(h) which extends beyond one-hundred-and-eighty (180) days, this Agreement shall be tolled. 
 (i) Unavailable Elements. Due to the nature of this Agreement, the rights granted may become unavailable or become impossible to provide during the Term (each an “Unavailable
Element”). In such event, the Parties shall mutually and reasonably agree on a different “make good” benefit or right that has substantially the same value as the Unavailable Element(s). 

(j) Media Releases. Any media releases to be issued in connection with this Agreement must be approved by the Parties, in writing,
prior to their release. 
 (k) Headings. The Paragraph and Section headings in this Agreement are for convenience
only and shall not be used in the interpretation nor considered part of this Agreement. 
 (l) Survival. The provisions
set forth in Sections 9, 11, and 12 shall survive the expiration or termination of this Agreement. 
 (m) Entire Agreement
and Effect. This Agreement, including all Schedules and Exhibits, constitutes the entire agreement and understanding between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings. All
representations and negotiations relative to the matters contemplated by this Agreement are merged herein, and there are no contemporaneous understandings or agreements relating to the matters set forth herein other than those incorporated herein.

 (n) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
California without regard to its conflict of laws provisions. 
 (o) Amendments/Modification. This Agreement may not be
amended or modified except by written document signed by both Parties. 
 (p) Execution In Counterpart. This Agreement
may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
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 IN WITNESS WHEREOF, the Patties have executed this Agreement, effective as of the Effective Date. 
  

					
	VIOLIN MEMORY
		
	By:	 	 /s/ Dixon Doll Jr.

			
		 	Name:	 	 Dixon Doll Jr.

			
		 	Title:	 	 COO/Director

	
	FORTY NINERS SC STADIUM COMPANY LLC
		
	By:	 	 /s/ Gideon Yu

			
		 	Name:	 	 Gideon Yu

			
		 	Title:	 	 President

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SCHEDULE 1 

SPONSORSHIP RIGHTS 

During each Contract Year: 
 1.
Designation. Sponsor will be permitted to use the designation of “The Official Data Storage and Video Surveillance Provider of the San Francisco 49ers.” 
 2. Signage. Design, production and installation of all signage or other displays or branding shall be subject to the mutual agreement of the Parties, and shall be paid for by Sponsor, as set forth
in Section 5(e) of this Agreement. 
 (a) Branded Areas. Sponsor shall receive exclusive branding and
entitlement at the Stadium at (i) a ticketed entryway for the suite tower guests (currently referred to as “Suite Tower Gate F”); (ii) an open communal space in front of the suite tower (currently referred to as the “Suite
Tower Plaza”); (iii) first floor welcome lobby of suite tower and individual suite corridors (currently referred to as the “Suite Tower Atrium”); and (iv) an on-site meeting space (currently referred to as the
“Executive Briefing Center”) located adjacent to the suite described below and Forty Niners SC will provide a *** credit towards buildout of the Executive Briefing Center. 

(b) Exterior Stadium Signage. Sponsor shall be permitted to display outside the stadium a three-dimensional metal lettered
sign with a translucent face, internally illuminated by LED (i) in a *** space on the face of a suite tower (the “West Suite Tower Banner Sign”) with the words “Violin Memory Tower” or another mutually agreed upon
name; and (ii) in a *** space over a gate entryway (the “West Gate Entry Sign”) with the words “Violin Memory Plaza” or another mutually agreed upon name. 

(c) Interior Stadium Signage. Sponsor shall be permitted to display in Stadium (i) a prominent digital rotational sign
(one of ten founding partners), as determined by Forty Niners SC, located above each of the (a) north endzone (the “North Scoreboard Rotator”) and (b) south endzone (the “South Scoreboard Rotator”); and (ii) a
bold, channel-cut, high-contrast panel (one of ten founding partners) located between the 40-yard lines on the Stadium’s west side (the “Suite Tower Fixed Bowl Signage”). 

(d) Digital Signage. Sponsor shall receive *** thirty-second (:30) advertisements on the Stadium 360-degree LED
ribbon in Stadium at each Forty Niners home game in the Stadium. Sponsor shall also receive (i) advertising in a mutually-determined number of thirty-second (:30) units and (ii) one (1) mutually-determined co-branded feature, played
on a minimum of *** high-definition monitors located in the Stadium at each Forty Niners home game. 
 3. Gameday
Activation. 
 (a) Display Booth. Sponsor shall receive booth space for an interactive showcase in an
area for pre-game fan activity (currently referred to as the “Faithful Mile”) at each home game. 

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(b) In-Game Fan Promotion. Sponsor and Forty Niners SC shall agree on a presenting sponsorship of a promotion for each home
game each Contract Year (by way of example only, “early fan of the game” receives a coupon for food and beverage and feature them on the scoreboard). 
 (c) In-Game Scoreboard Feature. Sponsor and Forty Niners SC shall agree on a presenting sponsorship of a fan-engagement or football action scoreboard feature (by way of example only, instant
replays or messages to “make noise”) for each home game. 
 (d) Presenting Sponsorship of Regular Season Home
Game. Sponsor shall be named the “presenting sponsor” of a regular season home game, and such home game shall be given a similar theme or be located in a similar part of the calendar each Contract Year (by way of example only,
Veteran’s Day). 
 4. Media. The following media assets shall he provided, subject to annual review by the Parties,
based on then-existing media and Sponsor needs: 
 (a) Television. 

(i) *** shall be played during all team-controlled television broadcast of Forty Niners preseason games. 

(ii) *** shall be played in each Total Access episode per season, including during playoffs and re-airs. There shall be a minimum
of twenty (20) episodes. 
 (iii) *** shall be played in each Postgame Live (or similar postgame show) per season,
including during playoffs and re-airs. There shall be a minimum of ***. 
 (iv) *** shall be played in each
“Press Pass” or similar television show episode per season, including re-airs. There shall be a minimum of ***. 
 (b) Radio. The following Sponsor commercials shall be played on Team’s preseason and regular season radio programming: 

(i) *** on 49ers Insider or similar shoulder programming; 

(ii) *** on pre-game radio broadcast; 
 (iii) *** on game radio broadcast; 
 (iv) *** on game radio
broadcast ; 
 (v) *** shall be entitled with Sponsor’s name (by way of example only, game time and temperature,
scoring summary, etc.); 
 (vi) *** on local station and affiliate network; and 

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(vii) *** shall be played in each game broadcast on the Team’s Spanish radio network. 

(c) Print. Sponsor shall receive: 
 (i) *** in each issue of the Gameday magazine (or similar program), a minimum of ten such programs per season, including playoffs; 

(ii) *** in the annual Forty Niner Yearbook; 
 (iii) *** in the season ticket holder guide/handbook; and 
 (iv)
Sponsor’s logo will appear on the front of the game ticket associated with the aforementioned presenting sponsorship of one (1) regular season home game. 
 (d) Online and Social Media. Sponsor and Forty Niners SC shall develop each year a package of advertising and sponsored content on the Team’s website, emails and social media (by way of
example, Twitter, Facebook, and/or YouTube). 
 5. Hospitality. 

(a) Luxury Suite. Subject to execution of the standard executive suite license agreement with Forty
Niners SC (“Suite License Agreement”),
Sponsor will receive admission tickets to *** located in the suite tower on the Stadium’s west side with access to “Champions” and “Broadcast” clubs for Forty Niners preseason and regular season home games played at
the Stadium with VIP parking passes and a *** season-long food and beverage credit. Sponsor shall have the opportunity to purchase the suite for the postseason at prevailing prices, as available. 

(b) 49er Home Games. Sponsor shall receive the following seating package for Forty Niners preseason and regular season home
games played at the Stadium. Sponsor shall have the opportunity to purchase the same seating package for the postseason at prevailing prices, as available: 
 (i) *** with access to the “West Legacy Club;” 
 (ii) ***
on the 100 level with access to the “Champions” and “Broadcast” clubs; 
 (iii) *** on the 200
level with access to the “Loft” club; 
 (c) Sponsor Trips (Pro Bowl, Road Game). Forty Niners SC shall
include *** on a road game trip (particular game to be mutually agreed upon on an annual basis) or a similar event, as available. 
 (c) Super Bowl. Forty Niners SC shall include ***. In the event that the Team is a participant in the Super Bowl, Sponsor shall be allowed to bring ***. Forty Niners SC shall
make reasonable efforts to make available additional Super Bowl tickets for purchase, based on 

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availability, solely for the use, enjoyment and entertainment of Sponsor and its guests. Sponsor agrees not to solicit or accept any direct or indirect payment or income from any person or entity
for the use of the tickets. 
 (d) Stadium Events. Forty Niners SC shall make commercially reasonable efforts to
make tickets available for purchase as requested to non-NFL events at Stadium. 
 6. Additional Events and Marketing.

 (a) Database Marketing and Business to Business Opportunities. Forty Niners SC shall provide on annual basis a
list of team clients, including season ticket holders, suite holders and fans, and shall permit Sponsor to direct market to such list(s) ***. 
 (b) Corporate Stadium Events. Right to host at least *** at the Team’s training facility and *** at the Stadium (by way of example only, conferences, holiday parties,
etc.) with a mutually determined food and beverage credit, staffing credits (for planning, execution and security) and a gift for guests, with such credits dependent on the number of events held. 

(c) Team Marketing Events. Sponsor shall receive VIP invitations to marketing events throughout the year, including, annual
Draft party and training camp. In addition, Sponsor shall receive a foursome invitation to an annual golf event or equivalent sponsor appreciation event. Further, Sponsor shall have the opportunity to utilize a display booth at the Draft party, Fan
Fest and at one day of training camp, or equivalent events. 
 (d) Appearances. 

(i) Head Coach Appearance. Forty Niners SC shall schedule *** at a time that is reasonably convenient for the Head
Coach. 
 (ii) Current Player Appearances. Forty Niners SC shall assist Sponsor in securing ***. Sponsors
shall pay active players directly for such appearances. 
 (iii) Alumni Player Appearances. Forty Niners SC shall
*** alumni player appearances per year for Sponsor. 
 (iv) Cheerleader Appearances. Forty Niners SC shall
schedule *** Gold Rush cheerleading appearances upon reasonable, advance request for Sponsor events. 
 (v) Mascot
Appearances. Forty Niners SC shall schedule *** Team mascot appearances upon reasonable, advance request for Sponsor events. 
 (vi) Niner Noise Appearances. Forty Niners SC shall schedule *** Niner Noise appearances upon reasonable, advance request for Sponsor events. 

(e) Merchandise Credit. Sponsor shall receive ***, worth, measured at retail price, of San Francisco 49ers
merchandise upon request. Sponsor may send requests for any 

  
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merchandise available on shop49ers.com or any successor team-affiliated retailer) to Forty Niners SC for fulfillment. 
 (f) Autographed Memorabilia. Sponsor shall receive ***. Such autographs shall be signed by players who are members of the Team’s active roster and Forty Niners SC shall make
reasonable efforts to accommodate Sponsor’s requests for specific players. 
 7. Community Relations. Sponsor will
receive a presenting or integrative sponsorship of *** community program (by way of example only, 49ers Academy, Habitat for Humanity build, etc.); *** foundation event (by way of example only, Pasta Bowl, Winter Fest), and
*** youth football event (by way of example only, camp, awards). 

  
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 SCHEDULE 2 
 Team MARKS 

 
 

 

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 SCHEDULE 3 
 SPONSOR MARKS 

[Please insert logo here.] 

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SCHEDULE 4 

RENDERINGS OF SPONSORSHIP RIGHTS 
 The attached renderings represent the Parties’ current expectations of development of Sponsor’s branded areas, as described in detail on Schedule 1. Sponsor acknowledges that all signage is
subject to SCSA approvals and construction/engineering alterations. 
 ***

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