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LOAN AGREEMENT
 
This Loan Agreement (as amended, restated, modified or otherwise supplemented
from time to time, this “Agreement”) is entered into as of November 25th, 2009
(the “Agreement Date”), by and among Micron Semiconductor B.V., a private
limited company organized under the laws of The Netherlands (the “Borrower”),
Micron Technology, Inc., a corporation organized under the laws of the State of
Delaware, U.S.A. (the “Guarantor”), and Mai Liao Power Corporation, a company
incorporated under the laws of the Republic of China (the “Lender”).
 
RECITALS
 
A. WHEREAS, on October 11, 2008, Qimonda AG, a company incorporated under the
laws of Germany (“Qimonda”), Qimonda Holding B.V., a private limited company
organized under the laws of The Netherlands, the Borrower and the Guarantor
entered into a Share Purchase Agreement, a copy of which is attached hereto as
Exhibit A (the “Share Purchase Agreement”), pursuant to which, Qimonda and its
Affiliates sold to the Borrower, a Subsidiary of the Guarantor, 1,184,088,059
shares of common stock of Inotera Memories, Inc., a company limited by shares
under the laws of the Republic of China (the “Company”), owned of record by
Qimonda and/or its Affiliates (as such shares may be adjusted, increased or
decreased as a result of a stock split, reverse stock split or reclassification,
the “Shares”).
 
B. WHEREAS, Nanya Technology Corporation, a company incorporated under the laws
of the Republic of China (“NTC”), has committed to, either individually or
through one or more of its affiliates, provide a two-year loan to the Borrower
in support of the proposed acquisition per a Commitment Letter dated October 11,
2008 (such letter as amended or supplemented, the “Commitment Letter”).
 
C. WHEREAS, in partial fulfillment of NTC’s obligation under the Commitment
Letter, Nanya Plastic Corporation ("NPC"), as an Affiliate of NTC, extended a
loan facility to the Borrower and entered in a Loan Agreement on November 26,
2008 (the "NPC Loan Agreement") with the Borrower and the Guarantor to provide a
one-year loan to the Borrower (the "NPC Loan"). .
 
D. WHEREAS, the NPC Loan will be due on November 25, 2009. In full fulfillment
of NTC's obligation under the Commitment Letter to provide such two-year loan to
the Borrower, the Lender, as an Affiliate of NTC, hereby agrees to extend a loan
facility to the Borrower and the Borrower hereby agrees to borrow the same from
the Lender to repay the NPC Loan.
 
E. WHEREAS, the Guarantor is willing to guarantee all of the Borrower's
obligations hereunder, and the Borrower will, and the Guarantor will cause its
Subsidiary who owns part of the Shares to, pledge in favor of the Lender all of
the Shares as security to secure the due and punctual performance of all of the
Borrower's obligations hereunder and under the NPC Loan Agreement.
 
 
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F. WHEREAS, the Lender shall, subject to the terms and conditions of this
Agreement, be and remain the holder of the Loan and agrees that the Loan is
intended to satisfy the requirements of Section 881(c)(2) of the Internal
Revenue Code and Section 1.871-14 of the Treasury Regulations.
 
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto agree as follows:
 
1. DEFINITION.
 
1.1 Defined Terms.
 
“Affiliate” means, with respect to any specified Person, any other Person that,
directly or indirectly, including through one or more intermediaries, controls,
is controlled by, or is under common control with such specified Person.
 
“Agreement” shall have the meaning set forth in the preamble of this Agreement.
 
“Agreement Date” shall have the meaning set forth in the preamble of this
Agreement.
 
“Applicable Law” means any applicable laws, statutes, rules, regulations,
ordinances, orders, codes, arbitration awards, judgments, decrees or other legal
requirements of any Governmental Entity.
 
“Borrower” shall have the meaning set forth in the preamble of this Agreement.
 
“Business Day” means a day that is not a Saturday, Sunday or other day on which
commercial banking institutions in the ROC are authorized or required by
Applicable Law to be closed.
 
“Collateral” shall have the meaning set forth in Section 5.1 of this Agreement.
 
“Confidential Information” shall have the meaning set forth in Section 10.16(a)
of this Agreement.
 
“Commitment Letter” shall have the meaning set forth in the Recitals to this
Agreement.
 
“Company” shall have the meaning set forth in the Recitals to this Agreement.
 
   “Control” (whether or not capitalized) means the power or authority, whether
exercised or not, to direct the business, management and policies of a Person,
directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise, which power or authority shall conclusively be presumed
to exist upon possession of beneficial ownership or power to direct the vote of
more than fifty percent (50%) of the votes entitled to be cast at a meeting of
the members, shareholders or other equity holders of such Person or power to
control the composition of a
 
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majority of the board of directors or like governing body of such Person; and
the terms “controlling” and “controlled” have meanings correlative to the
foregoing.
 
“Drawdown Date” means November 25, 2009, the date on which the Lender makes
available and releases the Loan to the Borrower.
 
“Event of Default” means any of the events described in Section 9.1 of this
Agreement.
 
“GAAP” means generally accepted accounting principles, consistently applied for
all periods at issue.
 
    “Governmental Entity” means any governmental authority or entity, including
any agency, board, bureau, commission, court, municipality, department,
subdivision or instrumentality thereof, or any arbitrator or arbitration panel.
 
“Guarantee” shall have the meaning set forth in Section 4.1 of this Agreement.
 
“Guarantor” shall have the meaning set forth in the preamble of this Agreement.
 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended,
and the rules and regulations promulgated thereunder.
 
“Interest Period” means three (3) months.
 
“Lender” shall have the meaning set forth in the preamble of this Agreement.
 
“Loan” shall have the meaning set forth in Section 2.1(a) of this Agreement.
 
“Loan Documentation” means this Agreement and the Pledge Agreement.
 
“Material Adverse Effect” means a material adverse effect on (a) the business,
operations, property, or condition (financial or otherwise) of the Guarantor and
its Subsidiaries taken as a whole; (b) the ability of the Borrower or the
Guarantor to perform its obligations under the Loan Documentation to which it is
a party; or (c) the legality, validity or enforceability of the Loan
Documentation or the rights or remedies of the Lender under any of the Loan
Documentation.
 
“Maturity Date” has the meaning set forth in Section 2.2(a) of this Agreement.
 
“Micron Technology Asia Pacific” means Micron Technology Asia Pacific, Inc., an
Idaho corporation.
 
“Month” means a period starting on one day in a calendar month and ending on the
numerically corresponding day in the next calendar month, except that:
 
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(a)           subject to paragraph (c) below, if the numerically corresponding
day is not a Business Day, that period shall end on the next Business Day in
that calendar month in which that period is to end if there is one, or if there
is not, on the immediately preceding Business Day;
 
(b)           if there is no numerically corresponding day in the calendar month
in which that period is to end, that period shall end on the last Business Day
in that calendar month; and
 
(c)           if an Interest Period begins on the last Business Day of a
calendar month, that Interest Period shall end on the last Business Day in the
calendar month in which that Interest Period is to end.
 
The above rules will apply only to the last Month of any period.
 
“NPC” shall have the meaning set forth in the Recitals to this Agreement.
 
“NPC Loan” shall have the meaning set forth in the Recitals to this Agreement.
 
“NPC Loan Agreement” shall have the meaning set forth in the Recitals to this
Agreement.
 
“NTC” shall have the meaning set forth in the Recitals to this Agreement.
 
“Permitted Liens” means (a) liens for taxes not yet delinquent or liens for
taxes being contested in good faith and by appropriate proceedings for which
adequate reserves have been established to the extent required by U.S. GAAP; (b)
liens in respect of property or assets imposed by law which were incurred in the
ordinary course of business, which are not delinquent or remain payable without
penalty or which are being contested in good faith and by appropriate
proceedings; and (c) liens in favor of the Lender; provided that, in the case of
a lien described in the foregoing clause (a) or (b), such lien does not have
priority over the liens granted to the Lender under the Pledge Agreement.
 
“Person” means any natural person, corporation, joint stock company, limited
liability company, association, partnership, firm, joint venture, organization,
business, trust, estate or any other entity or organization of any kind or
character.
 
“Pledge” shall have the meaning set forth in Section 5.1 of this Agreement.
 
“Pledge Agreement” shall have the meaning set forth in Section 5.1 of this
Agreement.
 
“Pledgor” shall have the meaning set forth in Section 5.1 of this Agreement.
 
“Potential Event of Default” means any event or circumstance that with the
giving of notice or the passage of time (or both) would constitute an Event of
Default.
 
“Qimonda” shall have the meaning set forth in the Recitals to this Agreement.
 
“ROC” means the Republic of China.
 
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“Share Purchase Agreement” shall have the meaning set forth in the Recitals to
this Agreement.
 
“Shares” shall have the meaning set forth in the Recitals of this Agreement.
 
“Subsidiary” means with respect to any specified Person, any other Person that,
directly or indirectly, including through one or more intermediaries, is
controlled by such specified Person.
 
“TDCC” means the Taiwan Depository & Clearing Corporation.
 
“Taxes” includes any tax, levy, duty, charge, impost, fee, deduction or
withholding of any nature now or hereafter imposed, levied, collected, withheld
or assessed by any taxing or other authority and includes any interest, penalty
or other charge payable or claimed in respect thereof.
 
“Term” shall have the meaning set forth in Section 10.4 of this Agreement.
 
“TTLA” means the Technology Transfer and License Agreement for 68-50NM Process
Nodes, made and entered into as of April 21, 2008, by and between the Guarantor
and NTC, as amended, amended and restated, modified or otherwise supplemented
from time to time.
 
“Unwind Event” shall have the meaning set forth in Section 9.5 of this
Agreement.
 
1.2 Certain Interpretive Matters.
 
(a) Unless the context requires otherwise, (i) all references to Sections,
Articles or Exhibits are to Sections, Articles or Exhibits of or to this
Agreement, (ii) each accounting term not otherwise defined in this Agreement has
the meaning commonly applied to it in accordance with ROC GAAP, (iii) words in
the singular include the plural and vice versa, (iv) the term “including” means
“including without limitation,” and (v) the terms “herein,” “hereof,”
“hereunder” and words of similar import shall mean references to this Agreement
as a whole and not to any individual section or portion hereof.  Unless
otherwise denoted, all references to “$” or dollar amounts will be to lawful
currency of the United States of America.  All references to “day” or “days”
mean calendar days.
 
(b) No provision of this Agreement will be interpreted in favor of, or against,
any party hereto by reason of the extent to which (i) such party or its counsel
participated in the drafting thereof, or (ii) such provision is inconsistent
with any prior draft of this Agreement or such provision.
 
2.  TERMS OF LOAN AND REPAYMENT.
 
2.1 Provision of Loan.
 
(a) Subject to the terms and conditions of this Agreement, the Lender shall make
available a loan facility to the Borrower in the principal amount of two hundred
million U.S. dollars ($200,000,000) (the “Loan”) and the Borrower agrees to
borrow the Loan.
 
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(b) Subject to the Borrower's satisfaction or the Lender’s waiver of the
conditions set forth in Article 6 of this Agreement, the Lender shall make
available and release the entire principal amount of the Loan to the Borrower on
November 25th, 2009 (the "Drawdown Date") by wire transfer to the account agreed
in advance by the Parties, the details of which is set forth in a writing
delivered by the Borrower to the Lender.
 
(c) Upon the release of the Loan by the Lender, the Borrower shall immediately
remit the same amount directly to the bank account designated by NPC.
 
    2.2 Maturity of the Loan. The Borrower shall repay the Loan in full on the
first anniversary of the Drawdown Date, i.e., November 24th, 2010 (the “Maturity
Date”), unless the Loan is accelerated pursuant to this Agreement.
 
2.3 Use of Proceeds.  All proceeds of the Loan shall be exclusively used to
repay the NPC Loan in the principal amount of two hundred million U.S. dollars
($200,000,000).  The Borrower and the Guarantor agree that if the Borrower fails
to repay the NPC Loan in full on the Drawdown Date, NPC may immediately assign
any or all of its rights under the NPC Loan Agreement to the Lender.
 
2.4 Repayment Mechanics.  All repayments hereunder shall be made by wire
transfer of such amounts in immediately available funds denominated in U.S.
dollars to the Lender, at such place and to such account as the Lender shall
designate in a written notice to the Borrower.  Payments shall be credited first
to costs and expenses due and payable hereunder (including the costs incurred
under Sections 9.3), then to the accrued interest then due and payable and the
remainder applied to principal.  The Loan may be prepaid, without penalty or
premium, in whole or in part from time to time, provided that:
 
(a) Notice: the Borrower shall have given the Lender not less than three (3)
Business Days’ (or such shorter period as may be agreed between the Borrower and
the Lender) prior written notice specifying the amount to be prepaid and the
date of prepayment; and
 
(b) Interest: the Borrower shall concurrently pay accrued and unpaid interest on
the full amount of the Loan to be prepaid on the date of such prepayment.
 
2.5 Taxes.
 
(a) All payments to be made by the Borrower or the Guarantor to the Lender under
the Loan Documentation shall be made free and clear of any deduction or
withholding on account of any Taxes.  If the Borrower, the Guarantor or any
other person is required by any law or regulation to make any such deduction or
withholding, the Borrower or the Guarantor (as applicable) shall (i) pay such
deducted or withheld amount to the applicable tax authorities and, promptly upon
the Lender’s request, deliver to the Lender the certificate or receipt
evidencing such payment and (ii) pay such additional amount as will ensure that
the Lender receives and is entitled to retain, free and clear of any such
deduction or withholding, the full amount which it would have received if no
such deduction or withholding had been required.
 
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Without limiting the foregoing, if the Lender or any other person on the
Lender's behalf is required by any law or regulation to make a payment on
account of any such withholding Tax or incurs any liability in respect thereof,
the Borrower or the Guarantor (as applicable) shall, within ten (10) Business
Days after demand by the Lender (which demand shall provide a calculation in
reasonable detail of such payment), indemnify the Lender against such payment or
liability and any interest, penalty or expense payable or incurred in connection
therewith.  The obligations of the Borrower and the Guarantor under this Section
2.5(a) are subject to (i) the Lender executing any applicable tax withholding
forms (Form W-8BEN or its equivalent or any other form prescribed by law as a
basis for claiming exemption from or reduction in withholding tax) as reasonably
requested by the Borrower, Guarantor or the United States Internal Revenue
Service for United States taxation purposes, together with such supplementary
documentation necessary to allow the Borrower to determine whether the
withholding or deduction is required to be made, and (ii) the representation and
covenant contemplated by Section 10.13 being true and complied with. The Lender
agrees to use its commercially reasonable efforts, at the cost and expense of
the Borrower and/or Guarantor, to otherwise assist the Borrower and/or the
Guarantor to obtain the exemption status for any such deduction or
withholding.  Nothing in this Section 2.5 shall require the Borrower or the
Guarantor to make any payment on or indemnify the Lender for any Taxes imposed
on or measured by the Lender’s overall net income (however denominated) and
franchise Taxes imposed on the Lender under applicable ROC laws.
 
(b)  If the Lender determines that it has received a refund of, or reduction in
its liability for, any Taxes as a result of amounts paid or withheld by the
Borrower and/or the Guarantor pursuant to this Section 2.5, the Lender shall pay
over such refund or reduction to the Borrower and/or the Guarantor (but only to
the extent of the amounts paid or withheld by the Borrower and/or the Guarantor
under this Section 2.5 with respect to the Taxes giving rise to such refund or
reduction), net of all out-of-pocket expenses of the Lender and without interest
(other than any interest paid by the relevant governmental authority with
respect to such refund or reduction), provided that the Borrower and/or the
Guarantor, upon the request of the Lender, agrees to repay the amount paid over
to the Borrower and/or the Guarantor to the Lender in the event the Lender is
required to repay such refund or reduction to such Governmental Entity.  This
Section 2.5 shall not be construed to require the Lender to make available its
tax returns (or any other information relating to its Taxes that it deems
confidential) to the Borrower and/or the Guarantor or any other person.
 
3. INTEREST.
 
3.1 Calculation of Interest.  The rate of interest on the Loan for each Interest
Period shall be the percentage rate per annum, which is the aggregate of the
applicable three-month LIBOR and a margin of two percent (2%), rounded up to the
nearest fourth decimal point.  For the purpose of this Section 3.1, LIBOR shall
mean (a) the British Bankers’ Association’s London Interbank Offered Rate for
U.S. dollars for a tenor equal to (or most comparable to) the Interest Period
displayed on the Reuters Screen Page 3750 at 11:00 a.m. (Taipei time) on the
date which is two (2) Business Days prior to the commencement of the applicable
Interest Period or (b) if the rate specified in clause (a) is not available for
any reason,
 
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the offer rate for U.S. dollars for a tenor equal to (or most comparable to) the
Interest Period displayed on Reuters Screen Page TAIFX3 at 11:00 a.m. (Taipei
time) on the date which is two (2) Business Days prior to the commencement of
the applicable Interest Period.
 
3.2 Interest Period.  The initial Interest Period shall commence on the Drawdown
Date, with each successive Interest Period commencing on the last day of the
prior Interest Period.
 
3.3 Payment of Interest.  The Borrower shall pay accrued interest in arrears on
the Loan on the last day of each Interest Period, and the amount of interest
shall be computed on the basis of the actual number of days elapsed (including
the first day but excluding the last day of such Interest Period) and a year of
three hundred and sixty (360) days.
 
3.4 Past Due Rate.  If the Borrower fails to pay any amount payable by it under
the Loan on its due date, past due interest shall accrue on such unpaid amount
at the rate of 10% per annum from the due date up to the date of actual payment
of the unpaid amount (both before and after judgment). The Borrower shall pay
past due interest (if unpaid) accruing on an unpaid sum at the end of each
Interest Period applicable to that unpaid sum or on demand of the Lender.
 
4. GUARANTEE.
 
4.1 Guarantee.  The Guarantor hereby fully and unconditionally guarantees the
due and punctual payment of all amounts payable by the Borrower under this
Agreement (the “Guarantee”), in each case when and as the same shall become due
and payable, and, in each case, in accordance with the terms of this
Agreement.  The Guarantor hereby expressly waives its right to require the
Lender to pursue or exhaust its legal or equitable remedies against the Borrower
prior to exercising its rights hereunder against the Guarantor.
 
4.2 Joint and Several Liability.  The Guarantor hereby agrees that its
obligations hereunder shall be as if it were the principal debtor and not merely
surety, and shall be absolute and unconditional, irrespective of, and unaffected
by, any invalidity, irregularity or unenforceability of the Loan Documentation,
any failure to enforce the provisions of the Loan Documentation, any waiver,
modification or indulgence granted to the Borrower with respect thereto by the
Lender, or any other circumstance that may otherwise constitute a legal or
equitable discharge of a surety or guarantor.  Except as otherwise expressly
provided in the Loan Documentation, the Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of
merger or bankruptcy of the Borrower, any right to require a proceeding first
against the Borrower or the Collateral, protest or notice with respect to any
indebtedness evidenced thereby or hereby and all demands whatsoever, and
covenants that the Guarantee of the Guarantor will not be discharged with
respect to the Loan Documentation except by payment in full of all amounts owing
in respect thereof.  If at any time any payment under the Loan Documentation is
rescinded or must be otherwise restored or returned upon the insolvency,
bankruptcy or reorganization of the Borrower, the Guarantor's obligations
hereunder with respect to such payment shall be reinstated as of the date of
such recession, restoration or return as though such payment had become due but
had not been made at such time.
 
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5. PLEDGE AND SECURITY INTEREST.
 
5.1 Pledge of the Shares.
 
(a) Without prejudice to and in addition to Lender’s right toward the Guarantor
under Article 4 of this Agreement, as security for the performance in full of
the obligations of the Borrower and the Guarantor under this Agreement, the
Borrower, Micron Technology Asia Pacific (each, a “Pledgor” and collectively,
the “Pledgors”) and the Lender shall enter into a share pledge agreement in the
form and substance attached hereto as Exhibit B (the “Pledge Agreement”) and the
Pledgors shall create a first priority security interest maximum amount pledge
in favor of the Lender in an amount not to exceed five hundred million U.S.
dollars ($500,000,000), which amount shall be decreased to two hundred fifty
million U.S. dollars ($250,000,000) when the Borrower repays the NPC Loan in
full on the Drawdown Date (the “Pledge”), in all of the right, title and
interest of the Pledgors in and to (i) all of the Shares, and (ii) all rights
and privileges of the Pledgors, whether now owned or hereafter acquired, with
respect to the Shares, all proceeds, income and profits thereof and all property
received in exchange or substitution therefore (items (i) and (ii) collectively,
the “Collateral”).
 
(b) Upon the signing of this Agreement, the Pledgors shall, or shall cause their
respective custodian bank to, immediately apply for the book-entry pledge of the
Shares and perfect the Pledge on the same day such Pledge creation application
is filed.
 
6. CONDITIONS PRECEDENT.
 
The Lender shall only be obligated to provide the Loan when each of the
following conditions has been satisfied:
 
(a) The Lender shall have received this Agreement duly executed and delivered by
the Borrower and the Guarantor.
 
(b) The Lender shall have received the Pledge Agreement, duly executed and
delivered by the Pledgors, granting to the Lender, for its benefit, a security
interest in the Collateral described therein together with such financing and
assignment documents as may be provided in the Pledge Agreement and evidence
reasonably satisfactory to the Lender with respect to the Lender’s first
priority security interest in the Collateral.
 
(c) The Lender shall have received certified copies of all action taken by the
Borrower and/or the Guarantor authorizing the execution, delivery and
performance of the Loan Documentation.
 
(d) The creation and perfection of the Pledge in a timely manner as set forth in
Section 5.1 of this Agreement shall have been completed, which might be
evidenced by any notices and acknowledgements required to perfect or give effect
to the security created under the Loan Documentation, including, but not limited
to, a securities passbook/statement produced by the securities agent of the
Lender evidencing the creation of the Pledge.
 
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(e) No Event of Default or Potential Event of Default shall have occurred and be
continuing.
 
7. REPRESENTATIONS AND WARRANTIES.
 
Each of the Borrower and the Guarantor represents and warrants, jointly and
severally, to the Lender that each of the representations, warranties and
statements contained in the following Sections of this Article 7 is true and
correct as of the Agreement Date.
 
7.1 Organization; Good Standing and Qualification.  The Borrower is a private
limited liability company duly incorporated and validly existing under the laws
of The Netherlands. The Guarantor is a corporation duly incorporated and validly
existing under the laws of the State of Delaware.  Each of the Borrower and the
Guarantor has all requisite corporate power and authority to own, lease and
operate its properties and assets that it currently owns, leases or operates and
to carry on its business as now conducted and as presently proposed to be
conducted.
 
7.2 Authorization.  All corporate action on the part of the Borrower and the
Guarantor, their respective officers, directors and stockholders necessary for
the authorization, execution and delivery of the Loan Documentation to which it
is a party and the performance of all obligations of the Borrower and the
Guarantor hereunder has been taken.  Each of the Loan Documentation to which it
is a party constitutes a valid and legally binding obligation of the Borrower
and the Guarantor, as the case may be, enforceable against the Borrower and the
Guarantor in accordance with its terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency,
moratorium, and other laws affecting creditor’s rights generally and by
equitable principles (regardless of whether enforcement is sought in equity or
at law).
 
7.3 Governmental Consents.  No consent, approval, order or authorization of, or
registration, qualification, designation, declaration or filing with, any
Governmental Entity on the part of the Borrower or the Guarantor is required in
connection with the consummation of the transactions contemplated by the Loan
Documentation except as have been made or obtained (it being understood that no
representation or warranty is being made as to any such consents, approvals,
orders, authorizations, registrations, qualifications, designations or filings
which may be required in connection with the exercise by Lender of any of its
rights and remedies against the Collateral).
 
7.4 Non-conflict With Other Obligations.  The entry into and performance by the
Borrower and/or the Guarantor of the Loan Documentation to which it is a party,
and the consummation by them of the transactions contemplated thereby, do not
and will not conflict with or result in a breach of, as the case may be:
 
(a) any law or regulation applicable to it;
 
(b) its constitutional documents;
 
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(c) any material agreement or instrument binding upon it or any of its assets;
and
 
(d) any of its borrowing limits or powers or any power exercisable by its
directors in connection therewith;
 
except, in each case where such conflict or breach would not reasonably be
expected to have a Material Adverse Effect.
 
7.5 No Default.  No Event of Default is continuing or would reasonably be
expected to result from the making of the Loan.
 
7.6 No Winding-up.  Each of the Borrower and the Guarantor has not taken any
corporate action, nor have any other steps been taken or legal proceedings been
started or threatened in writing against it, for its winding-up, dissolution or
administration or for the appointment of a receiver, administrator,
administrative receiver, trustee or similar offices of it or of any or all of
its assets or revenues.
 
7.7 Ownership of the Shares.  Each Pledgor is the record and beneficial owner of
the Shares held by it, which are free and clear of any lien, security interest,
charge, encumbrance or claim (other than Permitted Liens and the pledge in favor
of NPC) and each Pledgor has the power and capacity to execute, deliver and
perform the Loan Documentation to which it is a party and to create the Pledge
in favor of the Lender; provided that neither the Borrower, the Guarantor nor
any Pledgor shall be responsible for any defect in title of the Shares that
results, directly or indirectly, from a bankruptcy or other insolvency with
respect to any of Qimonda or its Affiliates.
 
7.8 Effective Pledge.  The provisions of the Pledge Agreement and registration
of the Pledge with the TDCC will be effective to create in favor of the Lender a
valid, binding and enforceable security interest in all of each Pledgor’s right,
title and interest of the Collateral, and constitute a fully perfected first
priority pledge in all right, title and interest of such Pledgor in such
collateral, superior in right to any liens which any third Person may have
against such collateral or interests therein; provided that neither the
Borrower, the Guarantor nor any Pledgor shall be responsible for any defect with
respect to the Pledge that results, directly or indirectly, from a bankruptcy or
other insolvency with respect to any of Qimonda or its Affiliates.
 
8. COVENANTS.
 
    So long as any amount under the Loan Documentation is outstanding, the
Borrower and the Guarantor hereby jointly and severally agree to:
 
8.1 Authorizations.  Obtain when required, make and keep in full force and
effect all authorizations from and registrations with any Governmental Entity
and other Persons that may be required to enable the Borrower and the Guarantor
to own their respective assets and carry on their respective business from time
to time being conducted, except where the
 
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failure to so obtain or keep in effect would not materially impair such party’s
ability to perform such party’s obligations under the Loan Documentation to
which such party is a party, and to perform their respective obligations under
any Loan Documentation to which the Borrower or the Guarantor, as applicable, is
a party and to ensure the legality, validity, and enforceability of such Loan
Documentation.
 
8.2 Necessary Acts.  Upon request by the Lender, do or procure the doing of all
such acts and execute or procure the execution of all such documents as the
Lender may reasonably consider necessary for giving full effect to the Loan
Documentation or securing to the Lender the full benefits of all rights, powers
and remedies conferred upon the Lender in the Loan Documentation.
 
8.3 Financial Statements and Other Information.  With respect to the Guarantor,
deliver to the Lender the following in English: (a) copies of the Guarantor’s
Annual Report on Form 10-K and Quarterly Report on Form 10-Q promptly after any
such report is filed by the Guarantor with the United States Securities and
Exchange Commission; and (b) copies of all documents or other information sent
by the Guarantor to its stockholders generally.  All financial statements
delivered by the Guarantor pursuant to this Section 8.3 shall be prepared under
U.S. GAAP.  Any report, document or information contemplated by the foregoing
sentence that is available on the U.S. Securities and Exchange Commission’s
website shall be deemed to have been delivered by the Guarantor to the Lender.
 
8.4 Notification of Defaults.  Promptly notify the Lender upon the Chief
Executive Officer, Chief Operating Officer, Chief Financial Officer, the
Treasurer or General Counsel of the Guarantor obtaining knowledge of the
occurrence of any default or Event of Default hereunder or of any default under
the Pledge Agreement.
 
8.5 Inspection.  Grant the Lender, its representatives, agents and/or advisors,
the right to reasonable access to inspect the facilities and books of the
Borrower and the Guarantor.  Notwithstanding anything to the contrary in this
Agreement, neither the Borrower nor the Guarantor will be required to disclose,
permit the inspection or examination of, any document, information or other
matter that (i) constitutes non-financial trade secrets or non-financial
proprietary information, (ii) in respect of which disclosure to the Lender (or
its designated representative) is then prohibited by Applicable Law or any
agreement binding on the Borrower, the Guarantor or any of their Subsidiaries or
(iii) is subject to attorney-client or similar privilege or constitutes attorney
work product.
 
8.6 Compliance with Laws.  Procure that each of the Borrower and the Guarantor
shall comply in all material respects with all laws to which such party may be
subject, if failure so to comply would materially impair such party’s ability to
perform such party’s obligations under the Loan Documentation to which such
party is a party.
 
8.7 Environmental Compliance. Comply in all material respects with all
applicable environmental laws, obtain and maintain any environmental permits
necessary to the Borrower’s or the Guarantor’s business and take all reasonable
steps in anticipation of known or
 
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expected future changes to or obligations under environmental law or any
environmental permits, in each case where the failure to do so could reasonably
be expected to have a Material Adverse Effect.
 
8.8 Taxes.  Pay and discharge all material taxes, assessments and governmental
charges or levies whatsoever imposed on the Borrower or the Guarantor or on its
income or profits or on any of the property of the Borrower or the Guarantor
prior to the date on which penalties attach thereto, and timely file all returns
relating thereto, except to the extent that any such tax, assessment,
governmental charge, levy or claim is being contested in good faith and by
appropriate proceedings and for which adequate segregated reserves have been
established therefore to the extent required by U.S. GAAP or where the failure
to so pay, discharge or file would not materially impair such party’s ability to
perform such party’s obligations under the Loan Documentation to which such
party is a party.
 
8.9 Maintenance of Insurance.  Maintain or procure to be maintained with
reputable insurers insurances on and in relation to its business and assets:
 
(a) against those risks customarily insured against by prudent companies
carrying on a similar business; and
 
(b) against those risks required by Applicable Law.
 
8.10 Maintenance of Property.  Procure that each of the Borrower and the
Guarantor will maintain and preserve in good working order (ordinary wear and
tear excepted) all of the assets necessary to the conduct of its business from
time to time, except where the failure to do so would not materially impair such
party’s ability to perform such party’s obligations under the Loan Documentation
to which such party is a party.
 
9. EVENTS OF DEFAULT.
 
9.1 Events of Default.  The occurrence and continuance of any of the following
shall constitute an Event of Default under this Agreement:
 
(a) the Borrower’s or Guarantor’s failure to make any payment of principal,
interest or any other amount payable hereunder when due under the Loan
Documentation and such failure continues unremedied for three (3) Business Days
in the case of payments of principal or five (5) Business Days in the case of
interest or any such other amount;
 
(b) the Borrower’s or Guarantor’s failure to duly and punctually perform its
material obligations or covenants under the Loan Documentation and such failure
continues for 30 days after the Lender provides written notice thereof to the
Borrower and the Guarantor;
 
(c) any representation, warranty or statement made or deemed to be made by the
Borrower or the Guarantor in the Loan Documentation is or proves to have been
incorrect or misleading in any material respect when made;
 
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(d) the filing of a petition by or against the Borrower or the Guarantor under
any provision of any law relating to bankruptcy, insolvency or other relief for
debtors; and in the case of any such petition filed against the Borrower or the
Guarantor, such petition remains unstayed or undismissed for a period of sixty
(60) days; or appointment of a receiver, trustee, custodian or liquidator of or
for all or any part of the assets or property of the Borrower or the Guarantor;
or the insolvency of the Borrower or the Guarantor; or the making of a general
assignment for the benefit of creditors by the Borrower or the Guarantor;
 
(e) any Loan Documentation, once executed and delivered, ceases to be in full
force and effect or ceases to be effective to create the security interest;
 
(f) any actual or asserted invalidity or unenforceability by the Borrower or the
Guarantor of the Guarantee or the Pledge; and
 
(g) the Borrower’s failure to repay the NPC Loan in full on the Drawdown Date.
 
9.2 Remedies.  Upon the occurrence and during the continuance of any Event of
Default, the Lender, at its option, may:  (i) by notice to the Borrower and the
Guarantor, declare the unpaid principal amount of the Loan, all interest accrued
and unpaid thereon and all other amounts payable hereunder to be immediately due
and payable, whereupon the unpaid principal amount of the Loan, all such
interest and all such other amounts shall become immediately due and payable,
without presentment, demand, protest or further notice of any kind,
provided that if an event described in Section 9.1(d) or (g) above shall occur
without the giving of any such notice and (ii) upon the acceleration of the
Loan, exercise its rights and remedies under the Pledge Agreement.
 
9.3 Costs.  The Borrower and the Guarantor agree to pay on demand all of the
losses, costs and expenses (including reasonable attorneys' fees and
disbursements) that the Lender incurs in connection with enforcement of the Loan
Documentation, the protection or preservation of the Lender's rights under the
Loan Documentation or collection of amounts due under the Loan Documentation,
whether by judicial proceeding or otherwise.  Such costs and expenses include
those incurred in connection with any refinancing, or any bankruptcy,
insolvency, liquidation or similar proceedings.
 
9.4 Waivers.  Except as otherwise set forth herein or in the Loan Documentation,
the Borrower and the Guarantor hereby waive diligence, demand, presentment,
protest or notice of any kind in connection with the exercise by the Lender of
its rights under the Loan Documentation.  The Borrower and the Guarantor agree
to make all payments under the Loan Documentation without setoff (except as may
be requested by the Lender) or deduction and regardless of any counterclaim or
defense.
 
9.5 Unwind Event.  Notwithstanding anything to the contrary contained in the
Loan Documentation, the Borrower, the Guarantor and the Lender acknowledge that
if the Borrower, the Guarantor and/or Micron Technology Asia Pacific is required
to return or
 
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CONFIDENTIAL
 
disgorge any of the Shares acquired under the Share Purchase Agreement (an
“Unwind Event”), such Unwind Event shall not give rise to a basis for a claim of
breach of a representation, non-compliance or default or Event of Default under
the Loan Documentation.  If an Unwind Event occurs, neither the Borrower nor the
Guarantor nor Micron Technology Asia Pacific shall have an obligation to provide
any additional collateral to the Lender and Lender’s interest in the Shares
shall be limited to the interest, if any, the Borrower or Micron Technology Asia
Pacific has in the Shares as a result of the Unwind Event.
 
10. GENERAL PROVISIONS.
 
10.1 Notices.  All notices and other communications hereunder shall be in
writing and shall be deemed duly given upon (a) transmitter’s confirmation of a
receipt of a facsimile transmission, (b) confirmed delivery by a standard
overnight or recognized international carrier or when delivered by hand, or (c)
delivery in person, addressed at the following addresses (or at such other
address for a party as shall be specified by like notice):
 
(a) if to Borrower, to:
 
 

Micron Semiconductor B.V.
8000 South Federal Way
Boise, Idaho  83716-9632
Fax:  (208) 363-1309
Attention:  General Counsel

With a copy to:
Micron Technology, Inc.
8000 South Federal Way
Boise, Idaho  83716-9632
Fax:  (208) 368-4095
Attention: Treasurer
With a copy to:
Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, California 94304
Fax:  (650) 493-6811
Attention:  John A. Fore, Esq.
 
(b) if to Guarantor, to:

Micron Technology, Inc.
8000 South Federal Way
Boise, Idaho  83716-9632
Fax:  (208) 363-1309
Attention:  General Counsel
 
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CONFIDENTIAL

With a copy to:
Micron Technology, Inc.
8000 South Federal Way
Boise, Idaho  83716-9632
Fax:  (208) 368-4095
Attention: Treasurer

With a copy to:
Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, California 94304
Fax:  (650) 493-6811
Attention:  John A. Fore, Esq.
 
(c) if to Lender, to:

Mai Liao Power Corporation
1-1, Formosa Industrial Zone Mailiao Township, Yunlin County, Taiwan, R.O.C.
Fax: 886.2.27133229
Attention:  President Office

With a copy (which shall not constitute notice) to:

Nanya Technology Corporation
Hwa-Ya Technology Park 669
Fuhsing 3 RD. Kueishan
Taoyuan, Taiwan ROC
Fax: 886.3.396.2226
Attention: Legal Department
 
10.2 Waiver.  The failure at any time of a party hereto to require performance
by the other party or parties of any responsibility or obligation required by
this Agreement shall in no way affect the first party’s right to require such
performance at any time thereafter, nor shall the waiver by a party hereto of a
breach of any provision of this Agreement by the other party or parties
constitute a waiver of any other breach of the same or any other provision nor
constitute a waiver of the responsibility or obligation itself.
 
10.3 Assignment.  This Agreement or any right or obligation hereunder, is not
assignable, delegable or otherwise transferable by any party, either
voluntarily, by operation of law, or otherwise, without the prior written
consent of the other parties (which consent may be withheld in its sole
discretion); providedthat the Lender may, by sending a written notice to the
Borrower and the Guarantor at least three (3) Business Days prior to the
effective date of any
 
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CONFIDENTIAL
 
such assignment, assign any or all of its rights to payment of the Loan from the
Borrower and/or the Guarantor hereunder to NTC when the Borrower or the
Guarantor’s payment obligations under the Loan Documentation is due.  Upon the
assignment to NTC, NTC shall have the right to offset its payment obligations
payable under the TTLA against any right or claim so assigned to NTC; provided
that NTC may make any such offset only with respect to amounts that are past due
under the Loan Documentation.  Any such purported assignment or transfer not in
accordance with this Section 10.3 shall be null and void.  Subject to the
foregoing, this Agreement shall bind and inure to the benefit of the parties and
their successors and assigns.  The transfer of any right or obligation hereunder
by the Lender shall be effected only by the surrender of the Loan, and either
the reissuance by the Lender of the Loan to a new borrower or the issuance by
the Lender of a new loan instrument to a new borrower. The Lender represents to
the Borrower that, except as otherwise permitted by this Section 10.3, it is and
will remain the holder of the Loan.  This provision is intended to satisfy the
requirements of Section 881(c)(2) of the Internal Revenue Code and Section
1.871-14 of the Treasury Regulations.
 
10.4 Term.  The term of the Agreement shall commence from the date hereof and
end on the date upon which all the Borrower's and the Guarantor's obligations
and liabilities under the Loan Documentation, including, without limitation, the
repayments of the Loan and the interest, have been duly performed (the “Term”).
 
10.5 Amendment.  This Agreement may not be amended or modified without the
written consent of all parties hereto.
 
10.6 Third Party Rights.  Nothing in this Agreement, whether express or implied,
is intended or shall be construed to confer, directly or indirectly, upon or
give to any Person, other than the parties hereto, NPC and NTC, any legal or
equitable right, remedy or claim under or in respect of this Agreement or any
covenant, condition or other provision contained herein.
 
10.7 Governing Law.  This Agreement shall be governed by and construed in
accordance with the laws of the ROC, without giving effect to its conflict of
laws principles.
 
10.8 Jurisdiction; Venue.  Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this
Agreement shall be brought in the Taipei District Court, located in Taipei,
Taiwan, and each of the parties hereto hereby consents and submits to the
exclusive jurisdiction of such court (and of the appropriate appellate courts
therefrom) in any such suit, action or proceeding and irrevocably waives, to the
fullest extent permitted by Applicable Law, any objection which it may now or
hereafter have to the laying of the venue of any such suit, action or proceeding
in any such court or that any such suit, action or proceeding which is brought
in any such court has been brought in an inconvenient forum.
 
10.9 Headings.  The headings of the Articles and Sections in this Agreement are
provided for convenience of reference only and shall not be deemed to constitute
a part hereof.
 
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CONFIDENTIAL
 
10.10 Entire Agreement.  This Agreement, together with the Exhibits hereto and
the agreements and instruments referred to herein, constitute the entire
agreement of the parties hereto with respect to the subject matter hereof and
supersede all prior agreements and understandings, oral and written, among the
parties hereto with respect to the subject matter hereof.
 
10.11 Taxes.  Except as otherwise set forth in this Agreement, all Taxes
incurred or imposed in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party subject to such Tax.
 
10.12 Cost and Expenses.  The Borrower and Guarantor agree to pay promptly on
demand the expenses and fees incurred by the Lender that are charged by the
securities agent of the Lender and/or the TDCC in connection with the creation
and perfection of the Pledge.  Except as otherwise set forth herein or in the
Loan Documentation, the Borrower and the Lender shall be responsible for their
own out-of pocket expenses incurred by them in the preparation, negotiation and
performance of the Loan Documentation (including, but not limited to, legal fees
and service fees to professional advisors).
 
10.13 Lender Representation and Covenant.  The Lender hereby represents and
warrants that it is not a ten percent (10%) shareholder (as that term is defined
in Section 871(h)(3)(B) of the Internal Revenue Code) of the Guarantor on the
Agreement date and hereby agrees that it will not become a ten percent (10%)
shareholder of the Guarantor during the Term of the Loan.
 
10.14 Severability.  Should any provision of this Agreement be deemed in
contradiction with the laws of any jurisdiction in which it is to be performed
or unenforceable for any reason, such provision shall be deemed null and void,
but this Agreement shall remain in full force and effect in all other
respects.  Should any provision of this Agreement be or become ineffective
because of changes in Applicable Law or interpretations thereof, or should this
Agreement fail to include a provision that is required as a matter of law, the
validity of the other provisions of this Agreement shall not be affected
thereby.  If such circumstances arise, the parties hereto shall negotiate in
good faith appropriate modifications to this Agreement to reflect those changes
that are required by Applicable Law.
 
10.15 Counterparts.  This Agreement may be executed in several counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
 
10.16 Confidential Information.
 
(a) The parties hereby acknowledge that the terms and conditions of the Loan
Documentation and the information requested to be disclosed herein which is not
available to the public shall be considered confidential information
(collectively, the “Confidential Information”), and the parties agree that the
term Confidential Information includes (i) on the part of the Borrower and the
Guarantor, any information received from the Lender or NTC under,
 
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CONFIDENTIAL
 
pursuant to or in connection with the Loan Documentation or the transactions
contemplated thereby, and (ii) on the part of the Lender, any information
received from the Borrower, the Guarantor or Micron Technology Asia Pacific
under, pursuant to or in connection with the Loan Documentation or the
transactions contemplated thereby.  The parties shall not disclose any
Confidential Information to any third party except in accordance with the
provisions of this Section 10.16.  Notwithstanding the foregoing, the term
"Confidential Information" shall not include information that (i) is or becomes
published or otherwise generally available to the public through no fault or
omission of the applicable party or any of its Affiliates, employees, lenders,
accountants or attorneys, (ii) was available to the applicable party on a
non-confidential basis prior to its disclosure to such party pursuant to the
Loan Documentation or (iii) becomes available to the applicable on a
non-confidential basis from a source other than the other parties.
 
(b) Notwithstanding the foregoing, any of the parties may disclose any of the
Confidential Information to its Affiliates, employees, lenders, accountants and
attorneys, in each case only where such Persons have the need to know and so
long as such Persons agree to keep the information confidential in accordance
with this Section 10.16.
 
(c) In the event that any of the parties is requested or becomes legally
compelled (including without limitation, including by the Securities and Futures
Bureau, Financial Supervisory Commission, Executive Yuan, ROC, the Taiwan Stock
Exchange or the U.S. Securities Exchange Commission) to disclose the
Confidential Information, such party, shall provide the other parties with
prompt written notice of that fact before such disclosure is made and furnish
for disclosure only that portion of the information which is legally required.
 
(d) Each of the Lender, the Borrower and the Guarantor agrees that it will
provide the other parties with drafts of any documents, press releases or other
filings in which it is required to disclose the Confidential Information at
least five (5) business days or such other period as required by law, whichever
is shorter, prior to the filing or disclosure thereof, and that it will make any
changes to such materials reasonably requested by the other parties to the
extent permitted by Applicable Law.  If confidential treatment is requested by
any of the other parties, the party seeking disclosure of the Confidential
Information agrees to file a request on behalf of such other party and shall use
its commercially reasonable efforts in responding to any comments by any such
stock exchange or securities regulatory body or authority to cause such
confidential treatment to be granted.
 
(e) Notwithstanding Section 10.4 provides otherwise, the obligations of this
Section 10.16 with respect to any Confidential Information or with respect to
any discussions or agreements between the parties shall survive and continue for
five (5) years from the date of this Agreement.
 
(f) The Lender understands and agrees that the Guarantor will file the Loan
Documentation, as well as a summary of the Loan Documentation, with the U.S.
Securities and Exchange Commission (or any other Governmental Entity or
regulatory body or stock exchange) and such filings will not be subject to the
restrictions and procedures set forth in this Section 10.16.
 
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[Signature Page Follows]

 
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The parties hereto have caused this Agreement to be executed and delivered as of
the date first written above.

MICRON TECHNOLOGY, INC.

By: _______________________________
Name:  D. Mark Durcan
Title:  President and Chief Operating Officer

[SIGNATURE PAGE TO LOAN AGREEMENT BETWEEN MICRON TECHNOLOGY, INC.,
MICRON SEMICONDUCTOR B.V. AND MAI LIAO POWER CORPORATION]
 
 

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The parties hereto have caused this Agreement to be executed and delivered as of
the date first written above.
 

 
MICRON SEMICONDUCTOR B.V.
 

By: _______________________________
Name:  Thomas L. Laws, Jr.
Title:  Managing Director A
 

 
By: _______________________________
Name:
Title:

[SIGNATURE PAGE TO LOAN AGREEMENT BETWEEN MICRON TECHNOLOGY, INC.,
MICRON SEMICONDUCTOR B.V. AND MAI LIAO POWER CORPORATION]
 
 

--------------------------------------------------------------------------------

 

 
The parties hereto have caused this Agreement to be executed and delivered as of
the date first written above.

 
Mai Liao Power Corporation
 
By: _________________________________
Name:
Title:
 

 

[SIGNATURE PAGE TO LOAN AGREEMENT BETWEEN MICRON TECHNOLOGY, INC.,
MICRON SEMICONDUCTOR B.V. AND MAI LIAO POWER CORPORATION]
 
 

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EXHIBIT A

Share Purchase Agreement

 
 

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EXHIBIT B

Pledge Agreement
 

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