Exhibit 10.1

FIRST AMENDMENT TO

LOAN AND SECURITY AGREEMENT

THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as
of December 11, 2014, is by and among ADVANCED MICRO DEVICES, INC., a Delaware
corporation (“Parent”), AMD INTERNATIONAL SALES & SERVICE, LTD., a Delaware
corporation (“AMDISS”; together with Parent each, individually, a “Borrower”
and, collectively, the “Borrowers”), the Lenders party hereto, and BANK OF
AMERICA, N.A., as administrative agent (in such capacity, the “Agent”).
Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed thereto in the Loan Agreement (defined below).

W I T N E S S E T H

WHEREAS, the Borrowers, certain banks and financial institutions from time to
time party thereto (the “Lenders”), and the Agent are parties to that certain
Loan and Security Agreement dated as of November 12, 2013 (as amended, modified,
extended, restated, replaced, or supplemented from time to time, the “Loan
Agreement”);

WHEREAS, the Borrowers have requested that the Required Lenders amend certain
provisions of the Loan Agreement; and

WHEREAS, the Required Lenders are willing to make such amendments to the Loan
Agreement, in accordance with and subject to the terms and conditions set forth
herein.

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and
for other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

AMENDMENTS TO LOAN AGREEMENT

1.1 Amendment to Definition of “Adjusted EBITDA”. The definition of “Adjusted
EBITDA” set forth in Section 1.1 of the Loan Agreement is hereby amended and
restated in its entirety to read as follows:

Adjusted EBITDA: determined on a consolidated basis for Parent and Subsidiaries,
net income for the relevant period, calculated before giving effect to the
following, to the extent included in determining net income: (a) interest
expense, (b) provision for income taxes, (c) depreciation and amortization
expense, (d) gains or losses arising from the sale of capital assets, (e) gains
arising from the write-up of assets, (f) any extraordinary gains (provided,
that, an extraordinary gain shall not be excluded from Adjusted EBITDA if such
extraordinary gain is directly related to an extraordinary loss that was
recognized in the calculation of net income during the most recently completed
four Fiscal Quarters, but only to the extent of such extraordinary loss),
(g) non-cash charges reducing net income (excluding accrued expenses and any
losses from the write-down of accounts or inventory), provided that if any such
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cash charges represent an accrual or reserve for potential cash items in any
future period, the cash payment in respect thereof in such future period shall
be subtracted from Adjusted EBITDA to such extent, (h) cash severance costs
incurred in the Fiscal Quarter ending on or about December 27, 2014, or any
Fiscal Quarter thereafter, and (i) amounts associated with restructuring, sale,
integration, reorganization, or other similar activities in connection with the
sale of Real Estate or moving leased locations, in each case accounted for in
the Fiscal Quarter ending on or about December 27, 2014, or any Fiscal Quarter
thereafter. Anything in this definition to the contrary notwithstanding, any
income or loss from the early extinguishment or modification of Borrowed Money
shall be excluded in the determination of net income.

1.2 Amendment to Definition of “Borrowed Money”. The definition of “Borrowed
Money” set forth in Section 1.1 of the Loan Agreement is hereby amended and
restated in its entirety to read as follows:

Borrowed Money: with respect to any Person, without duplication, its (a) Debt
that (i) arises from the lending of money by any other Person to such Person,
(ii) is evidenced by notes, drafts, bonds, debentures, credit documents or
similar instruments, (iii) accrues interest or is a type upon which interest
charges are customarily paid (excluding trade payables owing in the Ordinary
Course of Business), or (iv) was issued or assumed as full or partial payment
for Property; (b) Capital Leases; (c) reimbursement obligations with respect to
letters of credit; and (d) guaranties of any Debt of the foregoing types owing
by another Person.

1.3 Amendment to Definition of “Cash Dominion Period”. The definition of “Cash
Dominion Period” set forth in Section 1.1 of the Loan Agreement is hereby
amended by replacing each instance of “$500,000,000” appearing therein with
“$250,000,000”.

1.4 Amendment to Definition of “Domestic Cash Trigger Period”. The definition of
“Domestic Cash Trigger Period” set forth in Section 1.1 of the Loan Agreement is
hereby amended by replacing each instance of “$500,000,000” appearing therein
with “$250,000,000”.

1.5 Amendment to Definition of “Fixed Charges”. The definition of “Fixed
Charges” set forth in Section 1.1 of the Loan Agreement is hereby amended by
replacing the phrase “interest expense (other than payment-in-kind)” with the
phrase “Cash Interest Expense”.

1.6 Amendment to Definitions. Section 1.1 of the Loan Agreement is hereby
amended by adding the following definitions in appropriate alphabetical order:

Cash Interest Expense: determined on a consolidated basis for Parent and
Subsidiaries in accordance with GAAP for the relevant period, without
duplication, (a) interest expense (other than interest paid-in-kind) minus the
sum of (b)(1) interest expense attributable to any non-cash items including the
following, to the extent they are non-cash items: (i) the movement in the mark
to market valuation of obligations under Hedging Agreements, (ii) original issue
discounts, and (iii) amortization of financing fees, debt issuance costs,
commissions, fees and expenses, or other financing fees, (2) early pay
receivable discounts, and (3) accruals related to uncertain tax positions unless
and until any such accruals are paid or required to be paid in cash.

 

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First Amendment Effective Date: December 11, 2014.

1.7 Amendments to Tax Provisions. Section 5.10 of the Loan Agreement is hereby
amended by (a) adding the following sentence to the end of Section 5.10.1: “For
purposes of this Section 5.10, the term “Applicable Law” includes FATCA”,
(b) adding the phrase “or W-8BEN-E, as applicable,” after each reference to
W-8BEN in Section 5.10.2(b) of the Loan Agreement, and (c) adding the following
as a new Section 5.10.2(e) at the end of Section 5.10.2:

(e) Solely for purposes of determining withholding Taxes imposed under FATCA,
from and after the First Amendment Effective Date, the Borrowers and the
Administrative Agent shall treat (and the Lenders hereby authorize the
Administrative Agent to treat) this Agreement as not qualifying as a
“grandfathered obligation” within the meaning of Treasury Regulation
Section 1.1471- 2(b)(2)(i).

1.8 Amendments to Borrowing Base and Accounts Reporting. Each of Section 8.1 and
Section 8.2.1 of the Loan Agreement is hereby amended by changing the phrase
“15th day of each Fiscal Month” to “20th day of each Fiscal Month”.

1.9 Amendments to Environmental Representations. Section 9.1.14 of the Loan
Agreement is hereby amended so that it reads in its entirety as follows:

9.1.14. Compliance with Environmental Laws. Except as could not reasonably be
expected to have a Material Adverse Effect, (a) no Borrower’s past or present
operations, Real Estate or other Properties are subject to any federal, state or
local investigation to determine whether any remedial action is needed to
address any environmental pollution, hazardous material or environmental
clean-up; (b) no Borrower has received any Environmental Notice; and (c) no
Borrower has any contingent liability with respect to any Environmental Release,
environmental pollution or hazardous material on any Real Estate now or
previously owned, leased or operated by it.

ARTICLE II

CONDITIONS TO EFFECTIVENESS

2.1 Closing Conditions. This Amendment shall become effective as of the day and
year set forth above (the “Amendment Effective Date”) upon satisfaction of the
following conditions (in each case, in form and substance reasonably acceptable
to the Agent):

(a) Executed Amendment. The Agent shall have received a copy of this Amendment
duly executed by each of the Borrowers, the Lenders and the Agent.

(b) Default. Before and after giving effect to this Amendment, no Default or
Event of Default shall exist.

(c) Fees and Expenses. The Agent shall have received from the Borrowers (or
shall be satisfied with arrangements made for the payment thereof) such fees and
expenses that are payable in connection with the consummation of the
transactions contemplated hereby, pursuant to the terms of the Loan Agreement,
provided, that neither Agent nor any Lender shall be entitled to a fee in
respect of this Amendment.

 

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(d) 2014 Tax Forms. Each Foreign Lender shall have delivered to the Borrowers
and the Administrative Agent, on or prior to the Amendment Effective Date, duly
completed 2014 versions of IRS Forms W-8BEN-E, W-8ECI or W-8IMY, as applicable
(and such additional information and documentation required pursuant to
Section 5.10 of the Loan Agreement), evidencing a complete exemption from United
States federal income tax withholding, including FATCA withholding, on payments
of interest and other withholdable payments under the Loan Documents.

ARTICLE III

MISCELLANEOUS

3.1 Notice Regarding Concentration Limits. The Agent hereby notifies the Lenders
that it intends to increase the concentration limits in clause (c) of the
definition of Eligible Accounts for Hewlett-Packard, Lenovo, Sony, and
Microsoft, and their respective Subsidiaries, to each be 35%, respectively,
pursuant to the discretion granted to the Agent thereunder. This notice is
provided as a courtesy only and shall not be deemed to be a course of dealing so
as to require notice of any future concentration limit increases made pursuant
to such discretion.

3.2 Amended Terms. On and after the Amendment Effective Date, all references to
the Loan Agreement in each of the Loan Documents shall hereafter mean the Loan
Agreement as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Loan Agreement is hereby ratified and confirmed and shall
remain in full force and effect according to its terms.

3.3 Representations and Warranties of Borrowers. Each of the Borrowers
represents and warrants as follows:

(a) It has taken all necessary action to authorize the execution, delivery and
performance of this Amendment.

(b) This Amendment has been duly executed and delivered by such Borrower and
constitutes such Borrower’s legal, valid and binding obligation, enforceable in
accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency or similar laws affecting the enforcement of creditors’
rights generally.

(c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is
required in connection with the execution, delivery or performance by such
Borrower of this Amendment that has not already been obtained or made.

 

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(d) The representations and warranties set forth in Section 9 of the Loan
Agreement are true and correct in all material respects as of the date hereof
(except for those which expressly relate to an earlier date).

(e) Immediately before and after giving effect to this Amendment, no event has
or will have occurred and be continuing which constitutes a Default or an Event
of Default.

3.4 Reaffirmation of Obligations. Each Borrower hereby ratifies the Loan
Agreement and acknowledges and reaffirms (a) that it is bound by all terms of
the Loan Agreement and the other Loan Documents applicable to it and (b) that it
is responsible for the observance and full performance of its respective
Obligations.

3.5 Loan Document. This Amendment shall constitute a Loan Document under the
terms of the Loan Agreement.

3.6 Expenses. The Borrowers agree to pay costs and expenses of the Agent in
connection with the preparation, execution and delivery of this Amendment
pursuant to the terms of the Loan Agreement.

3.7 Further Assurances. The Borrowers agree to promptly take such action, upon
the request of the Agent, as is necessary to carry out the provisions of this
Amendment.

3.8 Entirety. This Amendment and the other Loan Documents embody the entire
agreement among the parties hereto and supersede all prior agreements and
understandings, oral or written, if any, relating to the subject matter hereof.

3.9 Counterparts; Telecopy. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. Delivery of an
executed counterpart of a signature page of this Amendment or any other document
required to be delivered hereunder, by fax transmission or e-mail transmission
(e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed
counterpart of this Agreement. Without limiting the foregoing, upon the request
of any party, such fax transmission or e-mail transmission shall be promptly
followed by such manually executed counterpart.

3.10 No Actions, Claims, Etc. As of the date hereof, each of the Borrowers
hereby acknowledges and confirms that it has no knowledge of any actions, causes
of action, claims, demands, damages and liabilities of whatever kind or nature,
in law or in equity, against the Agent, the Lenders, or the Agent’s or the
Lenders’ respective officers, employees, representatives, agents, counsel or
directors arising from any action by such Persons, or failure of such Persons to
act under the Loan Agreement on or prior to the date hereof.

3.11 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT
GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO
NATIONAL BANKS.

 

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3.12 Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.

3.13 Consent to Forum; Service of Process; Waiver of Jury Trial. The
jurisdiction, service of process and waiver of jury trial provisions set forth
in Sections 14.15 and 14.16 of the Loan Agreement are hereby incorporated by
reference, mutatis mutandis.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly
executed on the date first above written.

 

BORROWERS:     ADVANCED MICRO DEVICES, INC.,     a Delaware corporation     By:
 

/s/ J. Michael Woollems

    Name: J. Michael Woollems     Title: Treasurer

 

    AMD INTERNATIONAL SALES & SERVICE, LTD.,     a Delaware corporation     By:
 

/s/ J. Michael Woollems

    Name: J. Michael Woollems     Title: Secretary

[AMD – First Amendment to Loan and Security Agreement]

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AGENT AND LENDERS:     BANK OF AMERICA, N.A., in its capacity as Agent     and a
Lender     By:  

/s/ Ron Bornstein

    Name: Ron Bornstein     Title: Sr. V.P.

[AMD – First Amendment to Loan and Security Agreement]

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BARCLAYS BANK PLC, as a Lender By:  

/s/ Luke Syme

Name: Luke Syme Title: Assistant Vice President

[AMD – First Amendment to Loan and Security Agreement]

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CAPITAL ONE BUSINESS CREDIT CORP., as a Lender By:  

/s/ Ron Walker

Name: Ron Walker Title: Senior Vice President

[AMD – First Amendment to Loan and Security Agreement]

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender By:  

/s/ Anca Trifan

Name: Anca Trifan Title: Managing Director By:  

/s/ Marcus M. Tarkington

Name: Marcus M. Tarkington Title: Director

[AMD – First Amendment to Loan and Security Agreement]

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JPMORGAN CHASE BANK, N.A., as a Lender By:  

/s/ John G. Kowalczuk

Name: John G. Kowalczuk Title: Executive Director

[AMD – First Amendment to Loan and Security Agreement]

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MORGAN STANLEY SENIOR FUNDING, INC., as a Lender By:  

/s/ Scott Jensen

Name: Scott Jensen Title: Vice President

[AMD – First Amendment to Loan and Security Agreement]

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PNC BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Craig T. Sheetz

Name: Craig T. Sheetz Title: Vice-President

[AMD – First Amendment to Loan and Security Agreement]

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender By:  

/s/ Minna Lee

Name: Minna Lee Title: Authorized Signatory

[AMD – First Amendment to Loan and Security Agreement]