Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.15  

 
 

AMENDMENT TO PERFORMANCE INCENTIVE AGREEMENT    
    

        This AMENDMENT TO PERFORMANCE INCENTIVE AGREEMENT (this "Amendment") is entered into as of September    , 2006, by and between Netlist, Inc., a
Delaware corporation (the "Company"), and                        , an individual ("Employee"), with reference to the following
recitals of fact: 

 
 

R E C I T A L S:    
    

        WHEREAS, the Company and Employee have entered into that certain Performance Incentive Agreement, dated August    , 2006 (the "Agreement"); and 

        WHEREAS,
the Company and Employee desire to amend the Agreement as set forth in this Amendment to clarify the original intent of the Agreement. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 

 
 

A G R E E M E N T:    
    

        1.     Amendment of Agreement. Section 3 of the Agreement is hereby amended to read in its entirety as follows: 

        3.     Sale of Shares in the Offering. If the Underwriters exercise their 30-day option to purchase additional Shares to cover
over-allotments in connection with the Offering, the Company hereby agrees that Employee shall be entitled to sell, as part of such over-allotment option, the number of shares of the Company's common
stock held by him that would equal ten percent (10%) of the total number of Shares so purchased by the Underwriters. Such over-allotment option is currently expected to cover Shares valued at
$7,500,000. Accordingly, if the total value of the over-allotment option does not change and the Underwriters exercise the over-allotment option in full, Employee would be entitled to sell, as part of
that over-allotment option, the number of shares of the Company's common stock held by him that would provide him with gross proceeds from such sale of $750,000. 

        2.     Effect of Amendment. Except as otherwise expressly provided herein, the Agreement shall remain unchanged and shall
continue in full force and effect. From and after the date hereof, any references to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. 

        3.     Successors and Assigns. The terms and conditions of this Amendment shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and assigns. 

        4.     Counterparts; Facsimile. This Amendment may be executed in any number of counterparts and may be delivered by telecopy or
facsimile, each of which shall be an original but all of which taken together shall constitute one Amendment. 

        5.     Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of California,
without giving effect to any conflicts of laws provisions thereof. 

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

	NETLIST, INC.	 	EMPLOYEE
	

By:	

    
 Lee Kim

Vice President

Chief Financial Officer	
 	

    
 [Name]

SIGNATURE
PAGE TO

AMENDMENT TO PERFORMANCE INCENTIVE AGREEMENT 

QuickLinks

AMENDMENT TO PERFORMANCE INCENTIVE AGREEMENT

R E C I T A L S

A G R E E M E N TIron Link Ltd. - Exhibit 10.1

SOFTWARE DEVELOPMENT AND
CONSULTING
AGREEMENT

     SOFTWARE DEVELOPMENT AND
CONSULTING AGREEMENT dated as of 3rd day of June, 2006 (the
"Agreement) by and among Iron Link TV Ltd., a corporation of #260 Terminal
Avenue, Vancouver, BC V6A 2L4 ("Iron Link TV"), and ALX Database Support Inc., a
corporation of 1049 Euphrates Cr., Port Coquitlam, BC V3B 8B8 ("ALX").

     WHEREAS Iron Link TV
desires to retain ALX and its employees for software development, consulting
services, advice and technical support;

     WHEREAS ALX is willing to
provide such services and support on the terms and conditions hereinafter set
forth in this Agreement;

     NOW, THEREFORE, in
consideration of the premises and mutual covenants contained herein and for
other good and valuable consideration, the parties agree as follows:

1. TERM

ALX shall be retained to provide services to Iron Link TV for a
term commencing on the date hereof and ending on the first anniversary of the
date hereof unless earlier terminated pursuant to Section 5 (the”Term").

2. POSITION AND RESPONSIBILITY

During the Term, ALX agrees to act as a software developer and
a non-exclusive technology advisor to Iron Link TV. In particular, ALX will
undertake on behalf of Iron Link TV some or all of the following services as
agreed from time to time with Iron Link TV:

CONSULTING

	 	(a) 	Engage in research on existing complete
        end-to-end VOD/IPTV platform solutions for live broadcasting and video
        on demand services. 

	 	 	 	 
	 	(b) 	Engage in research and evaluation of the
        IPTV platform component parts from various vendors for the purpose of
        verification of broadcasting capabilities and compatibility of various
        video servers, set-top-boxes and all other related equipment. 

	 	 	 	 
	 	(c) 	Engage in research and evaluation of industry standard video
      servers which include but not limited to: 
	 	 	 	 
	 		
      	

	Darwin Video Server of Apple Corp.; 
	 	 	 	 
	 		
      	

	Open source Video LAN Server and Client including
        most stable and development releases on Windows and Linux platforms; 

	 	 	 	 
	 		
      	

	Windows Media Services as part of Windows 2003 Server; 
	 	 	 	 
	 		
      	

	Apache Web Server on Red Hat Enterprise Linux 4 platform

	 	(d) 	Supply hardware platform for testing, evaluation and development
      purposes. 
	 	 	 
	 	(e) 	Conduct a preliminary market research study on behalf
        of Iron Link TV, analyzing current trends in the IPTV broadcasting industry,
        competitor analysis and review of available solutions. 

	 	 	 
	 	(f) 	Maintain contacts with IPTV platform and components
        manufacturers, distributors, any other IPTV technology developers. 

	 	 	 
	 	(g) 	Provide recommendations on acquisition of IPTV platform components.
  
	 	 	 
	 	(h) 	Provide technology analysis of prospective transactions. 
	 	 	 
	 	(i) 	Keep Iron Link TV’s executive staff continually
        informed of late breaking and relevant events in the IPTV industry. 

SOFTWARE DEVELOPMENT

Upon completion of the testing of the IPTV platform components,
ALX agrees to develop for Iron Link TV a web based application with Oracle or
MySQL database as centralized component to provide billing management,
subscriber management, channel management and digital rights management modules
for clients and administrative staff.

3. FEES

Iron Link TV agrees to pay ALX consulting fees of up to USD
$15,000 and software development fees of up to USD $80,000 upon rendering of the
ALX’s invoices to Iron Link TV. Additional fees for ALX's services shall be
agreed in writing between the parties from time to time. If Iron Link disputes
the amount due as contained in any ALX invoice, it shall provide notice of its
disagreement to ALX within 30 days of receiving the said invoice. If the parties
are unable to resolve any dispute relating to an invoice, either party may
exercise its rights pursuant to paragraph 9 of this Agreement respecting
arbitration.

4. REIMBURSMENT OF OUT-OF-POCKET EXPENSES

Reasonable Out-of-pocket expenses, incurred by ALX and its
employees during the Term in the provision of its services hereunder shall be
reimbursed by Iron Link TV, upon presentation of an itemized billing statement
or invoice.

5. TERMINATION

This Agreement and ALX's retention hereunder may be terminated
at any time by either Iron Link TV or ALX, with or without cause, upon 30 days
prior written notice to the other.

6. STATUS AS CONSULTANT

Neither ALX nor any of its shareholders, directors, officers,
employees, agents or representatives shall have the authority to act as an agent
of Iron Link, except an authority specifically delegated in writing by Iron Link
TV, and shall not represent to the contrary to any person. ALX and its employees
shall only consult, render advice and perform such tasks as ALX determines are
necessary to achieve the results specified by Iron Link TV and shall not direct
the work of any employee of Iron Link TV, or make any management decisions, or
undertake to commit Iron Link to any course of action in relation to third
persons. Although Iron Link TV may specify the results to be achieved by ALX and
may control ALX in that regard, Iron Link shall not control or direct ALX as to
the details or means by which such results are accomplished. It is intended that
the amounts payable hereunder during or after the Term shall constitute revenues
to ALX. To the extent consistent with applicable law, Iron Link TV will not
withhold any amounts therefrom as federal income tax withholding from wages or
as employee contributions to Canada Pension Plan, Employment Insurance or any
other provincial or federal laws. ALX shall be solely responsible for the
withholding and/or payment of any federal, provincial or local income or payroll
taxes.

8. RESTRICTIVE COVENANTS

     (a) Confidentiality. ALX shall
  not, and shall not permit its shareholders, directors, officers,employees, agents
  and representatives to, during the Term and thereafter, except in the performance
  of its obligations to Iron Link TV hereunder or as may otherwise be approved
  in advance by the board of directors of Iron Link TV, directly or indirectly,
  disclose or use (except for the direct benefit of Iron Link TV) any confidential
  information that it or they may learn or has learned by reason of its or their
  association with Iron Link, any client or any of their respective affiliate.

     (b) Exclusive Property. ALX
confirms that all confidential information with respect to Iron Link TV (or any
of its affiliates) or any client, as the case may be, is and shall remain the
exclusive property of Iron Link TV (or any such affiliate) or such client, as
appropriate. All business records, papers and documents kept or made by ALX or
any of its shareholders, directions, officers, employees, agents or
representatives relating to the business of Iron Link TV (or any of its
affiliates) or any client shall be and remain the property of Iron Link TV (or
any such affiliate) or such client, as appropriate, except for such papers
customarily deemed to be the personal copies of ALX.

     (c) Intellectual Property. ALX
confirms that all software and other intellectual property developed on behalf
and for Iron Link TV (or any of its affiliates) or any client, as the case may
be, is and shall remain the exclusive property of Iron Link TV (or any such
affiliate) or such client, as appropriate, and the copyright and/or patent shall
belong to Iron Link TV (or any such affiliate) or such client, as appropriate,
unless the ownership is transferred in writing by Iron Link TV. Any commercially
licensed software used by ALX shall be identified as such and ALX shall assume
all liability for copyright or patent infringement.

9. ARBITRATION

Any dispute or controversy arising under or in connection with
this Agreement that cannot be mutually resolved by the parties hereto shall be
settled exclusively by arbitration in Vancouver, British Columbia, Canada,
before one arbitrator of exemplary qualifications and stature, who shall be
selected jointly by Iron Link and ALX, or, if Iron Link TV and ALX cannot agree
on the selection of the arbitrator, shall be selected by the Arbitrators
Association of British Columbia; provided that any arbitrator selected by
Arbitrators Association of British Columbia the shall not, without the consent
of the parties hereto, be affiliated with ALX or Iron Link TV or any of Iron
Link TV’s affiliates. Judgement may be entered on the arbitrator's award in any
court having jurisdiction. The parties hereby agree that the arbitrator shall be
empowered to enter an equitable decree mandating specific enforcement of the
terms of this Agreement. Iron Link TV shall bear all expenses of the arbitrator
incurred in any arbitration hereunder and shall reimburse ALX for any related
reasonable legal fees and out-of-pocket expenses directly attributable to such
arbitration; provided that such legal fees are calculated on an hourly, and not
on a contingency fee, basis; and provided further that ALX shall bear all
expenses of the arbitration and all his legal fees and out-of-pocket expenses
(and reimburse Iron Link TV for its legal fees, out-of-pocket expenses and its
portion of the expenses of the arbitrator) if the arbitrator or relevant
trier-of-fact determines that ALX's claim or position was without reasonable
foundation.

10. MISCELLANEOUS

     (a) Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the Province
of British Columbia.

     (b) Entire Agreement: Amendments.
This Agreement contains the entire understanding of the parties with respect to
the retention of ALX by Iron Link TV. There are no restrictions, agreement,
promises, warranties, covenants or undertakings between the parties with respect
to the subject matter herein other than those expressly set forth herein. This
Agreement may not be altered, modified or amended except by written instrument
signed by each of the parties hereto.

     (c) No Waiver. The failure of a
party to insist upon strict adherence to any term of this Agreement on any
occasion shall not be considered a waiver of such party's rights or deprive such
party of the right thereafter to insist upon strict adherence to that term or
any other term of this Agreement.

     (d) Severability. In the event
that any one or more of the provisions of this Agreement shall be or become
invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provision of this Agreement shall not be
affected thereby.

     (e) Assignment: Successors:
Binding Agreement. This Agreement shall not be assignable by any of the parties.
This Agreement shall inure to the benefit of and be binding upon the parties
hereto and their respective heirs, representatives, successors and permitted
assigns.

     (f) Headings. The headings used
in this Agreement are for convenience only and shall not affect the meaning of
or be used to interpret any provisions herein.

IN WITNESS WHEREOF, the parties hereto have duly
executed this Agreement as of the date and year first above written.

IRON LINK TV LTD.

/s/ Alexandre Routkovski

  Authorized Signatory

ALX DATABASE SUPPORT
INC.

/s/ Pavel Visotskii

  Authorized signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]