0001410578-12-000030 4 1 20120301 20120302 20120302 DESAI HK 0001203314 4 34 001-33170 12662859 26650 ALISO VIEJO PARKWAY ALISO VIEJO CA 92656 NETLIST INC 0001282631 3674 954812784 DE 1231 51 DISCOVERY, STE 150 IRVINE CA 92618 949-435-0025 51 DISCOVERY, STE 150 IRVINE CA 92618 4 1 a4.xml 4 X0304 4 2012-03-01 0 0001282631 NETLIST INC NLST 0001203314 DESAI HK C/O NETLIST, INC. 51 DISCOVERY, SUITE 150 IRVINE CA 92618 1 0 0 0 Stock Option (right to buy) 3.39 2012-03-01 4 A 0 25000 0 A 2022-03-01 Common Stock 25000 25000 D The options vest in four equal annual installments beginning on the anniversary date of the grant date. /s/ H.K. Desai by Gail Sasaki, Attorney-in-Fact 2012-03-02