Netlist signs strategic alliance with Samsung: $239M upfront license, $1.5B supply deal

NETLIST INC

Samsung pays $239M upfront license fee (net ~$200M) plus quarterly fees up to $32.9M (net ~$27.5M) for 20 quarters.
Supply agreement allows Netlist to purchase up to $300M/year of DRAM/NAND products, aggregate $1.5B over 5 years.
Samsung purchases 10M shares of Netlist common stock for $1M; shares subject to 5-year lock-up.
All pending legal proceedings between Netlist and Samsung settled and released.
Five-year ITC cooperation agreement for future actions against third parties.

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