THIS AGREEMENT is dated November 11, 2002, between SimpleTech, Inc. (“Employer”), a
California Corporation, and Thomas A. Beaver (“Employee”).
In consideration of the mutual promises and covenants contained in this Agreement, the parties agree as
1. Employment Duties . Employer agrees to employ Employee in the position of Senior Vice
President and General Manager of Xiran , beginning on November 11, 2002, and Employee agrees to serve
in that position or in such other positions as Employee may be assigned from time to time by Employer. In such
initial position, Employee shall report to Manouch Moshayedi or, to such other person as management
designates. Employee shall have such duties as are assigned from time to time by Employer. In connection with
Employee’s employment by Employer, Employee shall be based at Employer’s place of business 17770
Cartwright Road, Suite 200, Irvine, California.
2. Time and Effort, Exclusivity of Employment . Employee shall faithfully, honestly and diligently
serve Employer, devote all of Employee’s working time, attention, knowledge and skill to Employee’s
employment hereunder and use Employee’s best efforts to promote the business and interests of Employer and to
perform the duties and responsibilities that are assigned to Employee. Employer shall be entitled to all of the
benefits and profits arising from or incident to the duties of Employee pursuant to this Agreement. During
Employee’s employment, Employee shall not, directly or indirectly, engage or participate in any business that is in
competition in any manner whatsoever with the business of Employer.
3. Compensation . As compensation for the services to be rendered by Employee, Employer shall pay
Employee in equal semi-monthly installments of $ see offer letter (less normal withholding for