Summary of OVERLAND STORAGE INC

Changes in Registrant's Certifying Accountant, Financial Statements and Exhi

Item 4.01. Changes in Registrant's Certifying Accountant.

(a) Previous independent registered public accounting firm

On October 12, 2009, we informed PricewaterhouseCoopers LLP, or PwC, of its dismissal as our independent registered public accounting firm. This dismissal of PwC was approved by our audit committee and ratified by our board of directors.

PwC's reports on our consolidated financial statements for each of our fiscal years ended June 28, 2009 and June 29, 2008 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that the reports for each of those years expressed substantial doubt regarding our ability to continue as a going concern.

During the years ended June 28, 2009 and June 29, 2008 and the interim period between June 28, 2009 and October 12, 2009, there were no disagreements between our company and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to PwC's satisfaction, would have caused PwC to make reference to the subject matter of the disagreement in connection with its report for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.

We provided PwC with a copy of the disclosures made in this report before this report was filed with the Securities and Exchange Commission. We requested that PwC furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the above statements that are related to PwC. A copy of that letter dated October 14, 2009 is attached as Exhibit 16.1 hereto.

(b) New independent registered public accounting firm

On October 16, 2009 we engaged Moss Adams LLP to serve as our independent registered public accounting firm for fiscal 2010. The engagement of Moss Adams LLP was approved by our audit committee and ratified by our board of directors.

During the years ended June 28, 2009 and June 29, 2008 and through October 16, 2009, neither our company nor anyone acting on our behalf consulted Moss Adams LLP with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our consolidated financial statements, or any other matters or reportable events listed in Items 304(a)(1)(iv) and (v) of Regulation S-K.