SEC Contract Filing

Filing Date: 2016-04-06

Document Content:
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<TYPE>EX-10.39
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<FILENAME>d145756dex1039.htm
<DESCRIPTION>EX-10.39
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<TITLE>EX-10.39</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.39 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2016 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Violin Memory, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">4555 Great American Parkway, Suite #150 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Santa Clara, CA 95054
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attn:&nbsp;Cory J. Sindelar, Chief Financial Officer </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Amendment Agreement (this &#147;<B><I>Letter Agreement</I></B>&#148;) relating to that certain Credit Agreement, dated as of October 24, 2014, among Violin Memory, Inc., a Delaware corporation (the
&#147;<B><I>Borrower</I></B>&#148;), the sole Lender named therein as a party thereto, and Silicon Valley Bank, a California corporation, in its capacity as administrative agent for such sole Lender (in such capacity, the &#147;<B><I>Administrative
Agent</I></B>&#148;) (as amended prior to the date hereof, the &#147;<B><I>Credit Agreement</I></B>&#148;, the terms defined therein and not otherwise defined herein being used herein as therein defined). </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr. Sindelar: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Borrower has requested
that the Administrative Agent and the sole Lender agree to amend the Credit Agreement in the manner specified herein.&nbsp;The Administrative Agent and the sole Lender have agreed to so amend the Credit Agreement, subject to the terms and conditions
set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, subject to the satisfaction of the conditions to effectiveness described in
<U>Section</U><U>&nbsp;</U><U>4</U> hereof, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Amendment to Credit Agreement</U>.&nbsp;With effect from
and after the Effective Date, the Credit Agreement shall be amended as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The definition of &#147;Consolidated Quick
Assets&#148; appearing in Section 1.1 of the Credit Agreement shall be amended by replacing the amount &#147;$30,000,000&#148; appearing therein with the amount &#147;$20,000,000&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The definition of &#147;Liquidity Event&#148; appearing in Section 1.1 of the Credit Agreement shall be amended by replacing the amount
&#147;$50,000,000&#148; appearing therein with the amount &#147;$25,000,000&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The definition of &#147;Non-Formula-Based
Revolving Availability Period&#148; appearing in Section&nbsp;1.1 of the Credit Agreement shall be amended and restated to read in its entirety as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Non-Formula-Based Revolving Availability Period</I></B>&#148; subject to the limitations specified in <U>Section
2.4</U>, and with respect to any fiscal quarter period of the Borrower ending prior to November 5, 2016, the period commencing on the date occurring two days prior to the end of such fiscal quarter and ending on the date occurring two days after the
end of such fiscal quarter; <U>provided</U> that, for the avoidance of doubt, no Non-</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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Formula-Based Revolving Loans may remain outstanding from and after November 5, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) The definition of &#147;Non-Formula-Based Revolving Commitment&#148; appearing in Section&nbsp;1.1 of the Credit Agreement shall be
amended and restated to read in its entirety as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Non-Formula-Based Revolving Commitment</I></B>&#148;:
as to any Lender, the obligation of such Lender, if any, to make Non-Formula-Based Revolving Loans in an aggregate principal amount not to exceed the amount set forth under the heading &#147;Non-Form