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Brian Peterson SVP Sales and Marketing, Netlist

Most recently VP sales and business development at Emulex

Netlist, Inc. announced the appointment of Brian Peterson as Senior VP sales and marketing.

In this role he will lead the company’s strategic sales and marketing initiatives.

Netlist,PetersonBrian Peterson brings 20 years of experience in managing sales, marketing, finance, operations and business development across global organizations. Most recently, he served as VP sales and business development at Emulex Corporation (acquired bu Avago), in storage and network connectivity, where he focused on cloud, storage, and emerging business for the company. He also served in other senior positions at Emulex including VP, international operations, a role in which he opened Emulex Ireland Corporation in Dublin in 2008 and was responsible for all business activity in EMEA. Prior to that, he served in a variety of sales and business development management roles at 3Com Corporation and US Robotics. Peterson holds a bachelor’s degree from the University of Utah and a MBA from Westminster College in Utah.

C.K. Hong, Netlist’s president and CEO said: “Brian’s knowledge of the storage and cloud computing marketplace and his track record with marketing strategy and revenue growth at leading global technology firms make him a key addition to our team. He will have a central role in bringing our growing portfolio of innovative storage class memory products to market.

Peterson commented: “I’m pleased to join Netlist at this exciting time for the company to drive growth in current and future product offerings. The need to analyze and manage the vast amounts of data being generated in today’s digital environments continues to increase the demand for high speed storage and memory architectures. The recently announced partnership between Samsung and Netlist reinforces this need and for the development of storage class memory solutions.

As an inducement to Peterson entering into employment with Netlist, Netlist’s Compensation Committee granted to him an option to purchase up to 400,000 shares of its common stock with an exercise price of $0.80 per share, which is equal to the closing sale price of Netlist’s common stock on the grant date of the option. The option has a term of ten years and will generally be forfeited if not exercised before the expiration of that term. 350,000 shares subject to the option will vest over four years, with one quarter vesting on the anniversary of the grant date and the remainder vesting in equal quarterly installments thereafter subject to Peterson’s continued service with Netlist through such vesting date. 50,000 shares are tied to performance goals. The options will be granted outside of Netlist’s 2006 Equity Incentive Plan, but will be subject to terms substantially similar to those of non-qualified stock options granted under such plan. This description of the inducement option grant to Mr. Peterson is in satisfaction of the disclosure requirements set forth in NASDAQ Listing Rule 5635(c)(4).

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