Xilinx (XLNX), Avnet (AVT) Enter Master Distributor Agreement

Effective March 12, 2014, Xilinx, Inc., and its wholly-owned subsidiaries, Xilinx Ireland and Xilinx Sales International Pte. Ltd. (Nasdaq: XLNX), entered into a Master Distributor Agreement (the “Agreement”) with Avnet, Inc. (NYSE: AVT). Pursuant to the Agreement, Avnet, directly and through certain of its subsidiaries, will serve as a non-exclusive distributor of Xilinx semiconductor devices and other Xilinx products worldwide. Under the terms of the Agreement, Avnet is authorized to pass through the standard Xilinx warranty that applies to Xilinx semiconductor devices and other products to end customers that purchase such devices and products through Avnet or its subsidiaries. The Agreement will continue unless terminated by either party upon ninety (90) days written notice. The Agreement supersedes and replaces Xilinx’s Master Distributor Agreement dated July 27, 2005, as amended, with Avnet, which was terminated by mutual agreement by the parties in connection with the adoption of the Agreement. The Agreement contains customary confidentiality provisions, representations and warranties and indemnities by each of Xilinx and Avnet.

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