Document:

EX-10.5

FORM OF

AMENDED AND RESTATED STOCK PLEDGE AGREEMENT

This Amended and Restated Stock Pledge Agreement (this “Amended and Restated Pledge
Agreement”), dated as of April [     ], 2007, is entered into by and between [     ],
a [     ] incorporated under the laws of [     ] (ÒPledgorÓ), and
Wells Fargo Bank, National Association, a national banking association
(ÒPledgeeÓ), in its capacity as Agent for the Lenders (as defined below), in light of the following
facts:

Recitals

Whereas, Pledgor and Wells Fargo Foothill, Inc., as agent (in such capacity,
“Original Agent”) for the benefit of all lenders party to the Original Loan Agreement (as defined
below) (“Original Lenders”), have entered into that certain Stock Pledge Agreement, dated as of
March 28, 2005 (as amended, amended and restated, supplemented, and/or otherwise modified from time
to time, the “Original Pledge Agreement”), pursuant to which Pledgor has granted a security
interest to Original Agent in the stock and equity interests of the Company (as defined below).

Whereas, Original Agent, Original Lenders, Smart Modular Technologies, Inc., a
California corporation (“US Borrower”), Smart Modular Technologies (Europe) Limited, a company
organized under the laws of England and Wales (“UK Borrower”), and Smart Modular Technologies
(Puerto Rico) Inc., a corporation organized under the laws of the Cayman Islands (“PR Borrower” and
together with US Borrower and UK Borrower, collectively referred to herein as “Borrowers”) have
previously entered into that certain Amended and Restated Loan and Security Agreement, dated as of
March 28, 2005 (as amended, amended and restated, supplemented, and/or otherwise modified from time
to time, the “Original Loan Agreement”), by and among Borrowers, Original Agent, Original Lenders,
and the other Obligors identified on the signature pages thereto pursuant to which, among other
things, Original Lenders have provided certain credit and other financial accommodations to
Borrowers.

Whereas, Borrowers have requested that the Original Loan Agreement be amended and
restated in its entirety, as set forth in that certain Second Amended and Restated Loan and
Security Agreement, dated as of April [     ], 2007 (the “Amended and Restated Loan Agreement”), by
and among Borrowers, Pledgor and the other obligors named therein, the lenders identified on the
signature pages thereto (such lenders, together with their respective successors and permitted
assigns, are referred to hereinafter each individually as a “Lender” and collectively as the
“Lenders”) and Wells Fargo Bank, National Association, as the arranger, administrative agent and
security trustee for Lenders (“Agent”), pursuant to which, among other things, (i) the Maximum
Revolver Amount available under the Original Loan Agreement will be increased, (ii) certain
financial covenants applicable to Borrowers will be amended, and (iii) certain other changes will
be made to the terms and provisions of the Original Loan Agreement. Initially capitalized terms
used herein without definitions shall have the meanings given in the Amended and Restated Loan
Agreement.

Whereas, Pledgor owns one hundred percent (100%) of all the issued and outstanding
capital stock of [     ], a [     ] corporation (the ÒCompanyÓ).

Whereas, as a condition to entering into the Amended and Restated Loan Agreement and
continuing to provide loans, advances, credit and certain other financial accommodations to the US
Borrower, UK Borrower and PR Borrower (collectively, the “Applicable Borrowers” and each an
“Applicable Borrower”) under the Amended and Restated Loan Agreement, Lenders have required, among
other things, that Pledgor reaffirm its grant to Pledgee (as successor to Original Agent), and
hereby grants to the Pledgee, for the benefit of the Lenders, a lien on and security interest in
and to the stock and equity interests of the Company, subject to the terms and conditions hereof.

Whereas, Pledgor will substantially benefit, directly or indirectly, from the credit and other
financial accommodations extended by, or to be extended by, the Lenders to the Borrower.

Whereas, in order to induce Pledgee and the Lenders to enter into the Amended and
Restated Loan Agreement, Pledgor is making the pledge of its shares of the capital stock of the
Company provided in this Amended and Restated Pledge Agreement.

Now, Therefore, for good and valuable consideration, receipt whereof is
hereby acknowledged, the parties hereto hereby agree as follows:

1. Pledge. Pledgor has granted and hereby reaffirms its prior grant to the Agent (as
successor to the Original Agent) and hereby delivers, pledges and grants a continuing security
interest to Pledgee, for the benefit of Pledgee, the Lender Group and the Bank Product Providers,
in all of Pledgor’s right, title and interest in and to all of the capital stock of the Company
beneficially owned by Pledgor, together with all proceeds, replacements, substitutions, newly
issued stock, stock received by reason of a stock split, bonus or any other form of issue, dividend
or distribution with respect to or arising from such stock (collectively, the ÒCollateralÓ).
Pledgor shall forthwith deliver to Pledgee the Collateral together with stock powers, in form and
substance satisfactory to Pledgee duly executed in blank, regarding the Collateral. Pledgor hereby
authorizes Pledgee and its agents and attorneys to file any and all UCC financing statements and
amendments thereto deemed desirable by Pledgee to perfect or evidence the security interest in the
Collateral granted hereunder.

2. Obligations Secured. The pledge and security interest effectuated hereby shall secure all
of Pledgor’s obligations that are included in the definition of “Obligations” under the Amended and
Restated Loan Agreement and the definition of ÒGuaranteed ObligationsÓ under the Guaranty
(collectively, the ÒObligationsÓ).

3. Representations And Warranties Regarding The Collateral. Pledgor represents and warrants
that: (a) all of the shares of stock described in Paragraph 1 hereinabove are fully paid,
non-assessable and validly issued; (b) the Collateral was not issued in violation of any person’s
or entity’s preemptive rights; (c) the Collateral is owned free and clear of any and
all security interests, pledges, options to purchase or sell, redemptions or liens other than
Permitted Liens; (d) Pledgor has full power to convey the Collateral; (e) other than financing
statements and filings in favor of Pledgee, no financing statements covering the Collateral are
recorded with any cognizant state official or recording office; and (f) the Collateral is free and
clear of any claims, security interests or liens other than those in favor of Pledgee and other
than Permitted Liens.

4. Events Of Default. The following shall be events of default under this Amended and
Restated Pledge Agreement (each an “Event of Default” and collectively, “Events of Default”): the
occurrence of any ÒEvent of DefaultÓ as defined under the Amended and Restated Loan Agreement.
Pledgor hereby appoints Pledgee as its attorney-in-fact to arrange, upon the occurrence and during
the continuance of an Event of Default, for a transfer of the Collateral on the books of the
Company to the name of Pledgee or to the name of Pledgee’s nominee.

5. Voting Rights. During the term of this Amended and Restated Pledge Agreement, until
Administrative Borrower has received notice from Pledgee upon the occurrence and during the
continuation of an Event of Default, Pledgor shall have the right to vote the Collateral on all
corporate questions for all purposes not inconsistent with the terms of this Amended and Restated
Pledge Agreement. Upon Administrative Borrower receiving notice from Pledgee upon the occurrence
and during the continuance of an Event of Default, Pledgee shall have, at its discretion, the
option to exercise all voting powers and other corporate rights pertaining to the Collateral.
Pledgee may, upon or at any time after the occurrence and during the continuance of an Event of
Default, at its option, transfer or register the Collateral or any part thereof into its own or its
nominee’s name.

6. Stock Adjustments and Dividends. If during the term of this Amended and
Restated Pledge Agreement, any stock dividend, reclassification, readjustment or other change is
declared or made in the capital structure of the Company or any option included within the
Collateral is exercised, or both, all new, substituted and additional shares, or other securities,
issued to Pledgor by reason of any such change or exercise shall be delivered to and held by
Pledgee under the terms of this Amended and Restated Pledge Agreement in the same manner as the
Collateral originally pledged hereunder. During the term of this Amended and Restated Pledge
Agreement and so long as no Event of Default shall have occurred and be continuing, Pledgor shall
have the right to receive any dividend or other distribution (other than dividends or distributions
of stock) made on account of the Collateral; provided, however, that upon notice to Administrative
Borrower upon the occurrence of an Event of Default, Pledgor shall, so long as such Event of
Default shall be continuing, promptly deliver all such dividends or other distributions to Pledgee
in the same form received and in the same manner as the Collateral pledged hereunder.

7. Warrants And Rights. If during the term of this Amended and Restated Pledge Agreement,
subscription warrants or any other rights or options shall be issued in connection with the
Collateral, such warrants, rights and options shall be promptly pledged (and, if applicable,
delivered) by Pledgor to Pledgee to be held under the terms of this Amended and Restated Pledge
Agreement in the same manner as the Collateral originally pledged hereunder.

8. Remedies Upon Default. In addition to the other remedies provided
for herein, in the Amended and Restated Loan Agreement or otherwise available under applicable law,
upon the occurrence and during the continuance of an Event of Default:

a. Pledgee may:

(i) exercise in respect of the Collateral, any one or more of the rights and remedies
available under the New York Uniform Commercial Code and other applicable law; and

(ii) sell or otherwise assign, give an option or options to purchase or dispose of and
deliver the Collateral (or contract to do so), or any part thereof, in one or more parcels
at public or private sale or sales, at any exchange, broker’s board or at any of Pledgee’s
offices or elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash, on credit or for future delivery without assumption of
any credit risk, free of any claim or right of whatsoever kind (including any right or
equity of redemption) of Pledgor, which claim, right and equity are hereby expressly waived
and released to the fullest extent permitted under applicable law. Pledgee shall have the
right, to the extent permitted by applicable law, upon any such sale or sales, public or
private, to purchase the whole or any part of the Collateral so sold; provided, however,
Pledgor shall not receive any net proceeds, if any, of any such credit sale or future
delivery until cash proceeds are actually received by Pledgee (which cash proceeds shall be
applied by Pledgee to the Obligations) and after all Obligations (other than unmatured
contingent Obligations) have been paid in full. In case of any sale of all or
any part of the Collateral on credit or for future delivery, the Collateral so sold may be
retained by Pledgee until the selling price is paid by the purchaser thereof, but Pledgee
shall incur no liability in case of the failure of such purchaser to pay for the Collateral
so sold and, in case of such failure, the Collateral may again be sold as herein provided.

b. To the extent permitted by applicable law, any notice required to be given by Pledgee of a
sale of the Collateral, or any part thereof, or of any other intended action by Pledgee, which
occurs not less than five (5) days prior to such proposed action, shall constitute commercially
reasonable and fair notice to Pledgor thereof. No notification need be given to Pledgor if it has
signed, after the occurrence of the applicable Event of Default, a statement renouncing or
modifying any right to notification of sale or other intended disposition.

c. Pledgee shall not be obligated to make any sale or other disposition of the Collateral, or
any part thereof unless the terms thereof shall, in its sole discretion, be satisfactory to it.
Pledgee may, if it deems it reasonable, postpone or adjourn the sale of any of the Collateral, or
any part thereof, from time to time by an announcement at the time and place of such sale or by
announcement at the time and place of such postponed or adjourned sale, without being required to
give a new notice of sale. Pledgor agrees that Pledgee has no obligations to preserve rights
against prior parties to the Collateral.

d. Pledgor acknowledges and agrees that Pledgee may comply with limitations or restrictions in
connection with any sale of the Collateral in order to avoid any violation of applicable law or in
order to obtain any required approval of the sale or of the purchase thereof by any governmental
regulatory authority or official and, without limiting the generality of the foregoing, Pledgor
acknowledges and agrees that Pledgee may be unable to effect a public sale of any or all the
Collateral by reason of certain prohibitions contained in the federal securities laws and
applicable state securities laws, but may be compelled to resort to one or more private sales
thereof to a restricted group of purchasers who will be obliged to agree, among other things, to
acquire such securities for their own account for investment and not with a view to the
distribution or resale thereof. Pledgor acknowledges and agrees that any such private sale may
result in prices and other terms less favorable to the seller than if such sale were a public sale.
Notwithstanding any such circumstances, Pledgor acknowledges and agrees that such compliance shall
not result in any such private sale for such reason alone being deemed to have been made in a
commercially unreasonable manner. Pledgee shall not be liable or accountable to Pledgor for any
discount allowed by reason of the fact that the Collateral is sold in compliance with any such
limitation or restriction. Pledgee shall not be under any obligation to delay a sale of any of the
Collateral for the period of time necessary to permit the issuer of such securities to register
such securities for public sale under the federal securities laws, or under applicable state
securities laws, even if the issuer desires, requests or would agree to do so.

e. Any cash held by Pledgee as Collateral and all cash proceeds received by Pledgee in respect
of any sale of, collection from, or other realization upon all or any part of the Collateral may,
in the discretion of Pledgee, be held by Pledgee as Collateral for the Obligations and/or then or
at any time thereafter applied, without any marshalling of rights, remedies or assets, and after
payment of any amounts payable to Pledgee in accordance with the Amended and Restated Loan
Agreement, to the payment of reduction of the Obligations in accordance with the Amended and
Restated Loan Agreement. Any surplus of such cash or cash proceeds held by Pledgee and remaining
after payment in full of all the Obligations in accordance with the Amended and Restated Loan
Agreement shall be paid over to Pledgor or to whomsoever may be lawfully entitled to receive such
surplus in accordance with the Amended and Restated Loan Agreement.

9. Term; Release.

a. This Amended and Restated Pledge Agreement shall remain in full force and effect until
satisfaction by Pledgor of all the Obligations (other than unmatured contingent Obligations) in
full in cash and the termination of Commitments. At or any time after the expiration of the term
of this Amended and Restated Pledge Agreement, Pledgee shall return to Pledgor all stock
certificates and other documents relating to this Amended and Restated Pledge Agreement, together
with any further documents, and take any other actions reasonably requested by Pledgor or necessary
to establish that the within pledge is terminated.

b. Upon the consummation of any Permitted Disposition of any Collateral, the Liens created
hereunder on such Collateral shall be automatically released. Upon the consummation of any
Permitted Disposition of the Pledgor, the obligations of the Pledgor and the Liens created
hereunder on the Collateral shall be automatically released. Upon and after any Permitted
Disposition contemplated by this Section, the Pledgee shall, at the expense of the Pledgor, execute
and deliver such documents, and take such other action, as may be requested by Pledgor to evidence
such releases.

10. Further Assurances. Pledgor covenants and agrees that: (a) it will execute and deliver
or cause to be executed and delivered all such other stock powers, proxies, instruments and
documents as Pledgee in its Permitted Discretion may reasonably request from time to time in order
to carry out the provisions and purposes hereof, (b) it will take all such other action, as Pledgee
may reasonably request from time to time in its Permitted Discretion in order to carry out the
provisions and purposes hereof; (c) the Collateral will remain free and clear of all security
interests and liens, other than Permitted Liens, throughout the term hereof, and (d) it will
forward to Pledgee, immediately upon receipt, copies of any information or documents received by
Pledgor in connection with the Collateral that is required to be delivered under the Amended and
Restated Loan Agreement, this Amended and Restated Pledge Agreement, or as requested by Pledgee.
For purposes of defining security interest perfection, Pledgor further agrees that any Collateral
which is in transit to Pledgee shall be deemed to be in Pledgee’s possession. Pledgor warrants and
represents that the proceeds of any loan will not be used, directly or indirectly, for any purpose
that entails a violation of any of the Regulations of the Federal Reserve Board, including
Regulations G, U and X.

11. Notices. All notices, requests and demands to or upon Pledgor or Pledgee under this
Amended and Restated Pledge Agreement shall be given in the manner prescribed by the Amended and
Restated Loan Agreement.

12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER.

A. THIS AMENDED AND RESTATED PLEDGE AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER
THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

B. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF PLEDGOR AND PLEDGEE HEREBY WAIVES ITS
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDED
AND RESTATED PLEDGE AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED
HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR
STATUTORY CLAIMS. EACH OF PLEDGOR AND PLEDGEE REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
IN THE EVENT OF LITIGATION, A COPY OF THIS AMENDED AND RESTATED PLEDGE AGREEMENT MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL BY THE COURT.

13. Successors. This Amended and Restated Pledge Agreement shall bind and inure to the
benefit of the respective successors and assigns of each of the parties; provided, however, that
except in connection with a transaction permitted under the Amended and Restated Loan Agreement,
Pledgor may not assign this Amended and Restated Pledge Agreement or any rights or duties hereunder
without Pledgee’s prior written consent and any prohibited assignment shall be absolutely void
ab initio. No consent to assignment by Pledgee, except as permitted under the Amended and Restated
Loan Agreement, or any Lender shall release Pledgor from its obligations hereunder. Pledgee and
Lenders may assign this Amended and Restated Pledge Agreement and their respective rights and
duties hereunder pursuant to and to the extent permitted by the terms of the Amended and Restated
Loan Agreement and, except as expressly required pursuant to the terms thereof, no consent or
approval by Pledgor is required in connection with any such assignment.

14. Amendments and Waivers. No amendment or waiver of any provision of this
Amended and Restated Pledge Agreement, and no consent with respect to any departure by Pledgor
therefrom, shall be effective unless the same shall be in writing and signed by the Pledgee and
Pledgor and made in compliance with the terms of the Amended and Restated Loan Agreement, and then
any such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given.

15. Effectiveness. This Amended and Restated Pledge Agreement shall be binding and deemed
effective when executed and delivered by Pledgor and Pledgee.

16. Section Headings. Headings and numbers have been set forth herein for
convenience only. Unless the contrary is compelled by the context, everything contained in each
Section applies equally to this entire Amended and Restated Pledge Agreement.

17. Severability of Provisions. Each provision of this Amended and Restated
Pledge Agreement shall be severable from every other provision of this Amended and Restated Pledge
Agreement for the purpose of determining the legal enforceability of any specific provision.

18. Counterparts; Telefacsimile Execution. This Amended and Restated Pledge Agreement may be
executed in any number of counterparts and by different parties on separate counterparts, each of
which, when executed and delivered, shall be deemed to be an original, and all of which, when taken
together, shall constitute but one and the same agreement. Delivery of an executed counterpart of
this Amended and Restated Pledge Agreement by telefacsimile shall be equally as effective as
delivery of an original executed counterpart of this Amended and Restated Pledge Agreement. Any
party delivering an executed counterpart of this Amended and Restated Pledge Agreement by
telefacsimile also shall deliver an original executed counterpart of this Amended and Restated
Pledge Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Amended and Restated Pledge Agreement.

19. Jurisdiction, Service of Process and Venue.

a. Each party hereto irrevocably and unconditionally submits, to the extent permitted by
applicable law, to any suit, action or proceeding with respect to this Amended and Restated Pledge
Agreement or any other Loan Document or any judgment entered by any court in respect thereof to the
jurisdiction of (i) the United States District Court for the Southern District of New York or the
Supreme Court of the State of New York, County of New York, and any appellate court from any
thereof, and (ii) to the courts of its own corporate domicile, at the election of the plaintiff, in
respect of actions brought against it as a defendant, and irrevocably submits, to the extent
permitted by applicable law, to the non-exclusive jurisdiction of each such court for the purpose
of any such suit, action, proceeding or judgment.

b. Nothing herein shall in any way be deemed to limit the ability of Pledgee or
any Lender to serve any such process or summons in any other manner permitted by applicable law.

20. Entire Agreement. This Amended and Restated Pledge Agreement, in conjunction with the
other Loan Documents, represents the entire agreement and understanding of the parties concerning
the subject matter hereof, and supersedes all other prior agreements, understandings, negotiations
and discussions, representations, warranties, commitments, proposals, offers and contracts
concerning the subject matter hereof, whether oral or written.

21. Supplement. This Amended and Restated Pledge Agreement is one of the Loan
Documents referred to in the Amended and Restated Loan Agreement.

1

IN WITNESS WHEREOF, this Amended and Restated Pledge Agreement is executed as of the date
first written above.

“Pledgor”

EXECUTED AS A DEED BY:

[     ]

By:

Title:

IN THE PRESENCE OF:

Witness:      

Name:      

“Pledgee”

WELLS FARGO FOOTHILL, INC., as Administrative Agent

By:

Title:

2EX-10.6

Exhibit P-1

Form of Collateral Assignment of Patents

(Security Agreement)

This Collateral Assignment of Patents (Security Agreement) (this “Amendment”) is
entered into as of [Date], by and between [Name of Pledgor], a [Type of Entity] with an
office at [Address of Chief Executive Office] (the “Pledgor”), and Wells Fargo Bank, National
Association. a national banking association with an office at 121 Park Center Plaza, 3rd
Floor, San Jose, California 95113 (the “Pledgee”), in its capacity as Agent for the Lenders (as
defined below).

Preliminary Statements

Whereas, Pledgee, in its capacity as agent, Smart Modular Technologies, Inc., a
California corporation (“US Borrower”), Smart Modular Technologies (Europe) Limited, a company
organized under the laws of England and Wales (“UK Borrower”), and Smart Modular Technologies
(Puerto Rico) Inc., an exempted company organized under the laws of the Cayman Islands (“PR
Borrower”, and together with US Borrower and UK Borrower, collectively referred to herein as
“Borrowers”) [modify as necessary if Pledgor is a Borrower], the lenders identified on the
signature pages thereto (such lenders, together with their respective successors and permitted
assigns, are referred to hereinafter each individually as a “Lender” and collectively as the
“Lenders”), Pledgor and the other obligors identified on the signature pages thereto, have entered
into that certain Second Amended and Restated Loan and Security Agreement, dated as of April [     ],
2007 (as the same now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced, the “Loan Agreement”), pursuant to which, together with the Loan
Documents (as defined in the Loan Agreement), the Lenders will provide certain financial
accommodations to the Borrowers. Initially capitalized terms used herein without definitions shall
have the meanings given in the Loan Agreement.

Whereas, Pledgor owns all right, title, and interest in and to, among other things,
all the United States and foreign patents, registrations and applications for the protection of
inventions or designs set forth on Exhibit A hereto (the “Patents”).

Whereas, in order to secure Pledgor’s obligations to the Lender Group under the Loan
Documents and the Bank Product Providers under the Bank Product Agreements, Pledgor has agreed to
grant to Pledgee a security interest in the Patents and certain other patents, inventions and
assets with respect to the Patents as further set forth herein and in the Loan Documents, and
Pledgee has requested Pledgor to enter into this Security Agreement to evidence further such
security interest.

Now Therefore, Know All Men by These Presents, that for valuable consideration
received and to be received, as security for the full payment and performance of Pledgor’s
obligations under the Loan Documents and the Bank Product Agreements, and to induce the Lenders to
make loans, advances and other financial accommodations to [Pledgor] [Borrowers] and to induce the
Bank Product Providers to provide such services, Pledgor hereby grants, transfers and assigns to
Pledgee, for the benefit of Pledgee, the Lender Group, and the Bank Product Providers
(collectively, the “Secured Parties” and each a “Secured Party”), a continuing security interest in
all of Pledgor’s right, title and interest in and to:

(a) the Patents;

(b) all patents, registrations and applications for the protection of inventions and
designs hereafter acquired by, granted to, or filed by Pledgor, whether based upon, derived
from or variations of any invention or designs disclosed in the Patents or otherwise (the
“Future Patents”);

(c) all extensions, renewals, and continuations, re-issues, divisions, and
continuations-in-part of the Patents and Future Patents;

(d) all rights to sue for past, present and future infringements of the Patents and
Future Patents;

(e) all proceeds, including without limitation, license royalties and proceeds of
infringement suits, based on the Patents and Future Patents;

(f) all licenses and other agreements and all fees, rents, royalties, proceeds or
monies thereunder, relating to the Patents and Future Patents and the use thereof; and

(g) all trademarks, trademark registrations, trademark registration applications,
formulae, processes, compounds, methods, know-how, and trade secrets relating to the
manufacture of Pledgor’s products under, utilizing, or in connection with the Patents and
Future Patents and all goodwill connected with, symbolized by or related to the foregoing.

All of the foregoing items set forth in clauses (a) through (g) are hereinafter referred to
collectively as the “Collateral.”

And Pledgor hereby covenants with Pledgee as follows:

1. Pledgor’s Obligations. Pledgor agrees that, notwithstanding this Security Agreement, it
will perform and discharge and remain liable for all its covenants, duties, and obligations arising
in connection with the Collateral and any licenses and agreements related thereto except to the
extent any failure to so perform, discharge or remain liable would not have a material impact on
the overall value of all the Collateral or the enforcement, perfection or priority of the security
interests therein. No Secured Party shall have any obligation or liability in connection with the
Collateral or any licenses or agreements relating thereto by reason of this Security Agreement or
any payment received by any Secured Party relating to the Collateral, nor shall any Secured Party
be required to perform any covenant, duty or obligation of Pledgor arising in connection with the
Collateral or any license or agreement related thereto or to take any other action regarding the
Collateral or any such licenses or agreement.

2. Representations and Warranties. Pledgor represents and warrants to Pledgee that:

(a) Pledgor is the registered owner of the Collateral, and no adverse claims are
currently outstanding with respect to its title to or the validity of the Collateral except
as would not have a material impact on the overall value of all the Collateral or the
enforcement, perfection or priority of the security interests therein;

(b) except as would not have a material impact on the overall value of all the
Collateral or the enforcement, perfection or priority of the security interests therein,
such title is indefeasible for the duration of each such Patent; the Patents are subsisting
and no part thereof has been adjudicated invalid or unenforceable, in whole or in part; each
Patent is, to its best knowledge, valid and, if granted and registered, enforceable;

(c) the patents listed on Schedule 5.16 to the Loan Agreement (as updated from time to
time) are the only material patents as to which Pledgor is the owner or is an exclusive
licensee; none of the Collateral is subject to any mortgage, pledge, lien, security
interest, lease, charge, encumbrance or license (by Pledgor as licensor), except Pledgee’s
security interest and Permitted Liens; and

(d) when this Security Agreement is filed in the United States Patent and Trademark
Office and Pledgee has taken the other actions contemplated in this Security Agreement and
by the other Loan Documents, this Security Agreement will create a legal and valid perfected
and continuing lien on and security interest in the Collateral, subject to any limitation
permitted under the Loan Agreement, in favor of Pledgee, enforceable against Pledgor and all
third parties, subject to no other mortgage, lien, charge, encumbrance, or security or other
interest other than Permitted Liens.

3. Covenants. Except as would not have a material impact on the overall value of all the
Collateral or the enforcement, perfection or priority of the security interests therein, Pledgor
will maintain and renew all items of Collateral, and will defend the Collateral against the claims
of all persons; provided, however, that Pledgor will not be required to maintain any Collateral
which no longer has any significant economic value and which is no longer used or useful in the
business of Pledgor. Without limiting the generality of the foregoing, so long as any Patent or
Future Patent has any significant economic value or is used by or useful to the business of
Pledgor, Pledgor shall not permit the expiration of any registration of or termination of any
application for any such Patent and Future Patent without the prior written consent of Pledgee.
If, before the Pledgor’s obligations under the Loan Documents have been satisfied in full (other
than unmatured contingent obligations) and the Loan Documents have been terminated, Pledgor shall
obtain rights to or be licensed to use any new patentable inventions, or become entitled to the
benefit of any patent application or patent for any reissue, division, continuation, renewal,
extension, or continuation-in-part of any Patent, or any improvement on any Patent, the provisions
of Section 1 hereof shall automatically apply thereto and Pledgor shall comply with Section 4.4 of
the Loan Agreement.

4. Use Prior to Default. Effective until Pledgee’s exercise of its rights and remedies upon
the occurrence and during the continuance of an Event of Default under and as defined in the Loan
Documents (an “Event of Default”), Pledgor shall be entitled to use the Collateral, subject to the
terms and covenants of the Loan Documents and this Security Agreement.

5. Remedies upon Default. Whenever any Event of Default shall have occurred and be
continuing, Pledgee shall have all the rights and remedies granted to it in such event by the Loan
Documents, which rights and remedies are specifically incorporated herein by reference and made a
part hereof, and, subject to any limitations set forth in the Loan Agreement or any other Loan
Document, any and all rights and remedies of law available to Pledgee or any Lender. Pledgee in
such event may collect directly any payments due to Pledgor in respect of the Collateral and may
sell, license, lease, assign, or otherwise dispose of the Collateral in the manner set forth in the
Loan Documents. Pledgor agrees that, in the event of any disposition of the Collateral upon and
during the continuance of any such Event of Default, it will duly execute, acknowledge and deliver
all documents necessary or advisable (as determined by Agent in its Permitted Discretion) to record
title to the Collateral in any transferee or transferees thereof, including, without limitation,
valid, recordable assignments of the Patents and Future Patents. In the event Pledgor fails or
refuses to execute and deliver such documents, Pledgor hereby irrevocably appoints Pledgee as its
attorney-in-fact, with power of substitution, to execute, deliver, and record any such documents on
Pledgor’s behalf. Notwithstanding any provision hereof to the contrary, during the continuance of
an Event of Default, Pledgor may sell any merchandise incorporating or utilizing the Patents and
Future Patents to the extent permitted by the Loan Agreement until it receives written notice from
Pledgee to the contrary. The preceding sentence shall not limit any right or remedy granted to
Pledgee with respect to Pledgor’s inventory under any Loan Documents now or hereinafter in effect.

6. Cumulative Remedies. The rights and remedies provided herein are cumulative and not
exclusive of any other rights or remedies provided by law. The rights and remedies provided herein
are intended to be in addition to and not in substitution of the rights and remedies provided by
the Loan Documents.

7. Waiver of Rights. No course of dealing between the parties to this Security Agreement or
any failure or delay on the part of any such party in exercising any rights or remedies hereunder
shall operate as a waiver of any rights or remedies of such party or any other party, and no single
or partial exercise of any rights or remedies by one party hereunder shall operate as a waiver or
preclude the exercise of any other rights or remedies of such party or any other party. No waiver
by Pledgee or any Lender of any breach or default by Pledgor shall be deemed a waiver of any other
previous breach or default or of any breach or default occurring thereafter.

8. Further Acts. Until all of the Obligations (other than unmatured contingent Obligations)
shall have been paid in full in cash and the Commitments shall have been terminated, except as
would not have a material impact on the overall value of all the Collateral or the enforcement,
perfection or priority of the security interests therein, Pledgor shall have the duty to prosecute
diligently any applications for the material Patents and Future Patents pending as of the date of
this Security Agreement or thereafter, to make applications on material unpatented or unregistered
but patentable or registrable inventions, in any location where Pledgor does business, and to
preserve and maintain all rights in the Patents. Any expenses incurred in connection with such
applications or actions shall be borne by Pledgor. Pledgor shall not abandon any right to file a
patent application or registration for any invention, nor abandon any such pending patent
application or registration, without the consent of Pledgee, except to the extent that such
abandonment would not have a material impact on the overall value of all the Collateral or the
enforcement, perfection or priority of the security interests therein.

9. Enforcement. Upon Pledgor’s failure to do so after Pledgee’s demand, or upon the occurrence
and during the continuance of an Event of Default, Pledgee shall have the right but shall in no way
be obligated to bring suit in its own name (as agent for the Secured Parties) to enforce the
Patents and Future Patents and any license thereunder, in which event Pledgor shall at the request
of Pledgee do any and all lawful acts and execute any and all proper documents required by Pledgee
in aid of such enforcement and Pledgor shall promptly, upon demand, reimburse and indemnify
Pledgee, each Lender and their respective agents for all costs and expenses incurred by such person
in the exercise of their rights under this Section 9.

10. Release. Upon (i) the consummation of a Permitted Disposition of the Pledgor or all (or
any portion) of the Collateral or (ii) such time as or at any time after all of the Obligations
(other than unmatured contingent Obligations) shall have been paid in full in cash and satisfied,
and the Commitments shall have been terminated, other than upon enforcement of Pledgee’s remedies
under the Loan Documents upon the occurrence and during the continuance of an Event of Default, the
obligations of Pledgor hereunder and the Liens created hereby shall automatically terminate
(provided that, in the case of any disposition of a portion of the Collateral, such termination and
release shall only apply to the Collateral disposed of), and Pledgee, as agent for the Secured
Parties, will execute and deliver to Pledgor all releases or other instruments or take any such
other actions as may be necessary or evidence such releases.

11. Notices. All notices, requests and demands to or upon Pledgor or Pledgee under this
Security Agreement shall be given in the manner prescribed by the Loan Agreement.

12. Choice of Law and Venue; Jury Trial Waiver. (a) This Security Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without
reference to its conflict of law provisions (other than Section 5-1401 of the New York General
Obligations Law), and the obligations, rights and remedies of the parties hereunder shall be
determined in accordance with such laws.

(b) To the extent permitted by applicable law, each of Pledgor and Pledgee hereby waives
its rights to a jury trial of any claim or cause of action based upon or arising out of this
Security Agreement, any other Loan Document or any of the transactions contemplated herein,
including contract claims, tort claims, breach of duty claims, and all other common law or
statutory claims. Each of Pledgor and Pledgee represents that it has reviewed this waiver and
knowingly and voluntarily waives its jury trial rights following consultation with legal counsel.
In the event of litigation, a copy of this Security Agreement may be filed as a written consent to
a trial by the court.

13. Successors. This Security Agreement shall bind and inure to the benefit of the respective
successors and assigns of each of the parties hereto; provided, however, that, except in connection
with any transaction permitted under the Loan Agreement, Pledgor may not assign this Security
Agreement or any rights or duties hereunder, or any interest in or to the Collateral, without
Pledgee’s prior written consent and any prohibited assignment shall be absolutely void ab initio.
No consent to assignment by Pledgee, except as permitted under the Loan Agreement, or any Lender
shall release Pledgor from its obligations hereunder. Pledgee and Lenders may assign this Security
Agreement and their respective rights and duties hereunder pursuant to and to the extent permitted
by the terms of the Loan Agreement and, except as expressly required pursuant to the terms thereof,
no consent or approval by Pledgor is required in connection with any such assignment.

14. Amendments and Waivers. No amendment or waiver of any provision of this Security
Agreement, and no consent with respect to any departure by Pledgor therefrom, shall be effective
unless the same shall be in writing and signed by Pledgee and Pledgor and made in compliance with
the terms of the Loan Agreement, and then any such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given. Pledgor hereby authorizes Pledgee
to modify this Security Agreement by amending Exhibit A hereto to include any Future Patents or
additional licenses.

15. Effectiveness. This Security Agreement shall be binding and deemed effective when
executed and delivered by Pledgor and Pledgee and the Closing Date under the Loan Agreement shall
have occurred.

16. Section Headings. Headings and numbers have been set forth herein for convenience only.
Unless the contrary is compelled by the context, everything contained in each Section applies
equally to this entire Agreement.

17. Severability of Provisions. Each provision of this Security Agreement shall be severable
from every other provision of this Security Agreement for the purpose of determining the legal
enforceability of any specific provision.

18. Counterparts; Telefacsimile Execution. This Security Agreement may be executed in any
number of counterparts and by different parties on separate counterparts, each of which, when
executed and delivered, shall be deemed to be an original, and all of which, when taken together,
shall constitute but one and the same agreement. Delivery of an executed counterpart of this
Security Agreement by telefacsimile shall be equally as effective as delivery of an original
executed counterpart of this Security Agreement. Any party delivering an executed counterpart of
this Security Agreement by telefacsimile also shall deliver an original executed counterpart of
this Security Agreement but the failure to deliver an original executed counterpart shall not
affect the validity, enforceability, and binding effect of this Security Agreement.

19. Jurisdiction, Service of Process and Venue. (a) Each party hereto irrevocably and
unconditionally submits, to the extent permitted by applicable law, to any suit, action or
proceeding with respect to this Security Agreement or any other Loan Document or any judgment
entered by any court in respect thereof to the jurisdiction of (i) the United States District Court
for the Southern District of New York or the Supreme Court of the State of New York, County of New
York, and any appellate court from any thereof, and (ii) to the courts of its own corporate
domicile, at the election of the plaintiff, in respect of actions brought against it as a
defendant, and irrevocably submits, to the extent permitted by applicable law, to the non-exclusive
jurisdiction of each such court for the purpose of any such suit, action, proceeding or judgment.

(b) Nothing herein shall in any way be deemed to limit the ability of Pledgee or any Lender to
serve any such process or summons in any other manner permitted by applicable law.

20. Entire Agreement. This Security Agreement, in conjunction with the other Loan Documents,
represents the entire agreement and understanding of the parties concerning the subject matter
hereof, and supersedes all other prior agreements, understandings, negotiations and discussions,
representations, warranties, commitments, proposals, offers and contracts concerning the subject
matter hereof, whether oral or written.

21. Supplement. This Security Agreement is one of the Loan Documents referred to in the Loan
Agreement.

[Signature page follows.]

1

In Witness Whereof, the parties have entered into this Security Agreement as
of the date first above written.

	 	 	 	Pledgor

	 	 	 	[Name of Pledgor], a [Type of Entity]

By:

Name:

Title:

	 	 	 	Pledgee

	 	 	 	Wells Fargo Bank, National Association,
	 
	 	 	 	a national banking association, as
Agent

By:

Name:

Title:

2

Exhibit A

to

Collateral Assignment of Patents

Patent Schedule

[See attached.]

3

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