SEC Contract Filing

Filing Date: 2016-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>2
<FILENAME>nlst-20160102ex102019ba5.htm
<DESCRIPTION>EX-10.20
<TEXT>
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 <a name="_GoBack"></a><font style="display:inline;font-weight:bold;color:#000000;font-size:12pt;">Exhibit 10.20</font>
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 <font style="display:inline;font-weight:bold;color:#000000;font-size:12pt;">INTERCREDITOR AGREEMENT</font>
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 <font style="display:inline;color:#000000;font-size:12pt;">This INTERCREDITOR AGREEMENT, dated </font><font style="display:inline;color:#000000;font-size:12pt;">November </font><font style="display:inline;color:#000000;font-size:12pt;">18</font><font style="display:inline;color:#000000;font-size:12pt;">, 2015</font><font style="display:inline;color:#000000;font-size:12pt;">, is entered into between </font><font style="display:inline;font-weight:bold;font-size:12pt;">SVIC NO. 28 NEW TECHNOLOGY BUSINESS INVESTMENT L.L.P.</font><font style="display:inline;font-size:12pt;">&nbsp;</font><font style="display:inline;color:#000000;font-size:12pt;">(&#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Creditor</font><font style="display:inline;color:#000000;font-size:12pt;">&#x201D;), and </font><font style="display:inline;font-weight:bold;color:#000000;font-size:12pt;">SILICON VALLEY BANK </font><font style="display:inline;color:#000000;font-size:12pt;">(&#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Bank</font><font style="display:inline;color:#000000;font-size:12pt;">&#x201D;). Creditor and Bank are sometimes referred to herein as the &#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Secured Parties</font><font style="display:inline;color:#000000;font-size:12pt;">.&#x201D;</font>
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 <font style="display:inline;color:#000000;font-size:12pt;">A.</font><font style="display:inline;color:#000000;font-size:12pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;color:#000000;font-size:12pt;">Netlist, Inc., a Delaware corporation (&#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Borrower</font><font style="display:inline;color:#000000;font-size:12pt;">&#x201D;), and Creditor have entered into the Security Agreement, dated as of </font><font style="display:inline;color:#000000;font-size:12pt;">November 18</font><font style="display:inline;color:#000000;font-size:12pt;">, 2015, a true copy of which is attached hereto as </font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="display:inline;color:#000000;font-size:12pt;"> (as amended from time to time, the &#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Creditor Security Agreement</font><font style="display:inline;color:#000000;font-size:12pt;">&#x201D;).&nbsp;&nbsp;The Creditor Security Agreement and the documents executed in connection therewith, including without limitation the Purchase Agreement and the Note (each as defined in the Creditor Security Agreement) and the Creditor Control Agreement</font><font style="display:inline;color:#000000;font-size:12pt;">s</font><font style="display:inline;color:#000000;font-size:12pt;">, each as amended from time to time, are referred to in this Agreement as the &#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Creditor Loan Documents</font><font style="display:inline;color:#000000;font-size:12pt;">.&#x201D; All of Borrower&#x2019;s present and future indebtedness, liabilities and obligations under or in connection with the Creditor Loan Documents are referred to in this Agreement collectively as the &#x201C;</font><font style="display:inline;color:#000000;font-size:12pt;text-decoration:underline;">Creditor Debt</font><font style="display:inline;color:#000000;font-size:12pt;">.&#x201D;&nbsp; </font>
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