JOINDER AGREEMENTJoinder Agreement • February 12th, 2013 • Potomac Capital Partners Ii Lp • Computer storage devices
This JOINDER AGREEMENT (the “Joinder”) is dated as of February 8, 2013 by and between Balch Hill Capital, LLC (“Balch Hill”), Potomac Capital Management II, L.L.C., (“Potomac Management II”), and Martin Colombatto (the “New Member”).
BALCH HILL PARTNERS, L.P.Nominee Agreement • February 12th, 2013 • Potomac Capital Partners Ii Lp • Computer storage devices
Thank you for agreeing to serve as a nominee for election to the Board of Directors of STEC, Inc., a California corporation (the “Company”), in connection with the proxy solicitation that Balch Hill Partners, L.P. (the “Partnership”), Balch Hill Capital, LLC, Simon Michael, Potomac Capital Partners L.P., Potomac Capital Management, L.L.C., Potomac Capital Partners II, L.P., Potomac Capital Management II, L.L.C., Potomac Capital Partners III, L.P., Potomac Capital Management III, L.L.C., Paul J. Solit, and Eric Singer are considering undertaking to nominate and elect directors at the Company’s 2013 annual meeting of shareholders, or any other meeting of shareholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the “Solicitation”). Your outstanding qualifications, we believe, will prove a valuable asset to the Company and all of its shareholders. This letter will set forth the terms of our agreement.
BALCH HILL PARTNERS, L.P.Nominee Agreement • February 12th, 2013 • Potomac Capital Partners Ii Lp • Computer storage devices • New York
This letter sets forth our mutual agreement with respect to compensation to be paid to you for your agreement to be named and serve as a nominee of Balch Hill Partners, L.P. (the “Partnership”), Balch Hill Capital, LLC, Simon Michael, Potomac Capital Partners L.P., Potomac Capital Management, L.L.C., Potomac Capital Partners II, L.P., Potomac Capital Management II, L.L.C., Potomac Capital Partners III, L.P., Potomac Capital Management III, L.L.C., Paul J. Solit, and Eric Singer for election as a director of STEC, Inc., a California corporation (the “Company”), at the Company’s 2013 annual meeting of shareholders (including any other meeting of shareholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof, the “Annual Meeting”).
