Exhibit 10.44(a-5)
 
FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
 
This FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is
entered into as of September 27, 2002, among ADVANCED MICRO DEVICES, INC., a
Delaware corporation (“AMD”), AMD INTERNATIONAL SALES AND SERVICE, LTD., a
Delaware corporation (“AMDISS”) (AMD and AMDISS, individually and collectively,
the “Borrower”), the several financial institutions party to the Loan Agreement
referred to below (each a “Lender” and, collectively, the “Lenders”) and BANK OF
AMERICA, N.A. (formerly Bank of America National Trust and Savings Association),
as administrative agent for the Lenders (in such capacity, the “Agent”).
 
WHEREAS, the Borrower, the Lenders and the Agent entered into a Loan and
Security Agreement dated as of July 13, 1999, as amended by a First Amendment to
Loan and Security Agreement entered into as of July 30, 1999, a Second Amendment
to Loan and Security Agreement entered into as of February 12, 2001, a Third
Amendment to Loan and Security Agreement entered into as of May 20, 2002, and a
Fourth Amendment to Loan and Security Agreement entered into as of September 3,
2002 (as in effect as of the date of this Amendment, the “Loan Agreement”); and
 
WHEREAS, the Borrower has requested that the Majority Lenders agree to certain
amendments to the Loan Agreement, and the Majority Lenders have agreed to such
request, subject to the terms and conditions of this Amendment;
 
NOW, THEREFORE, the parties hereto agree as follows:
 
1.  Definitions; References; Interpretation.
 
(a)  Unless otherwise specifically defined herein, each capitalized term used
herein (including in the Recitals hereof) which is defined in the Loan Agreement
shall have the meaning assigned to such term in the Loan Agreement.
 
(b)  Each reference to “this Amendment”, “hereof”, “hereunder”, “herein” and
“hereby” and each other similar reference contained in the Loan Agreement, and
each reference to “the Loan Agreement” and each other similar reference in the
other Loan Documents, shall from and after the Effective Date (defined below)
refer to the Loan Agreement as amended hereby.
 
(c)  The rules of interpretation set forth in Section 1.3 of the Loan Agreement
shall be applicable to this Amendment.
 
2.  Amendments to Loan Agreement.    Subject to the terms and conditions hereof,
the Loan Agreement is amended as follows, effective as of the Effective Date:
 
(a)  Section 1.1 of the Loan Agreement is hereby amended as follows:
 
(i)  The defined term “Domestic Cash” is hereby amended and restated in its
entirety as follows:

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“Domestic Cash” means, as of any date of determination, the amount on such date
of all Dollar-denominated cash and cash equivalents (determined in accordance
with GAAP) of the Borrower and its U.S. Subsidiaries on deposit or otherwise
located in the United States on such date, which cash and cash equivalents are
not subject to any Liens (excluding Liens pursuant to Section 6.1 hereof and
Liens permitted under clauses (h) and (m) of the definition of “Permitted
Liens,” but in any event including Liens permitted under clause (l) of the
definition of “Permitted Liens”).”
 
(ii)  The defined term “Permitted Liens” is hereby amended by (i) deleting the
word “and” at the end of clause (l) thereof, (ii) re-designating clause (m)
thereof as clause “(n)”, and (iii) inserting a new clause (m) as follows:
 
“(m)  Liens securing the Term Loan and Security Agreement; and”
 
(iii)  A new defined term “Term Loan and Security Agreement” shall be inserted
in proper alphabetical order as follows:
 
“Term Loan and Security Agreement” means the Term Loan and Security Agreement
dated as of September 27, 2002, by and among the Parent, AMDISS, the lenders
from time to time party thereto and General Electric Capital Corporation, as
administrative agent, and the other “Loan Documents” as such term is defined in
such Term Loan and Security Agreement (as such Term Loan and Security Agreement
and other Loan Documents may from time to time be amended, restated, extended,
renewed, supplemented or otherwise modified).”
 
(b)  Section 9.12 of the Loan Agreement is hereby amended by (i) deleting the
word “and” immediately prior to clause (vi) thereof, (ii) deleting the period at
the end of clause (vi) and substituting therefor “; and”, and (iii) inserting a
new clause (vii) as follows:
 
“(vii)  Debt at any time owing under the Term Loan and Security Agreement.”
 
(c)  Section 11.2(a) of the Loan Agreement is hereby amended by deleting the
reference to Section “11.2(f)” in the proviso and substituting therefor Section
“11.1(f)”.
 
3.  Representations and Warranties.    The Borrower hereby represents and
warrants to the Agent and the Lenders as follows:
 
(a)  No Default or Event of Default has occurred and is continuing (or would

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result from the amendment of the Loan Agreement contemplated hereby).
 
(b)  The execution, delivery and performance by the Borrower of this Amendment
and the Loan Agreement (as amended by this Amendment) have been duly authorized
by all necessary corporate and other action and do not and will not require any
registration with, consent or approval of, or notice to or action by, any Person
(including any Governmental Authority) in order to be effective and enforceable.
 
(c)  This Amendment and the Loan Agreement (as amended by this Amendment)
constitute the legal, valid and binding obligations of the Borrower, enforceable
against it in accordance with their respective terms.
 
(d)  All representations and warranties of the Borrower contained in the Loan
Agreement are true and correct as of the date hereof (except to the extent such
representations and warranties expressly refer to an earlier date, in which case
they shall be true and correct as of such earlier date).
 
(e)  The Borrower is entering into this Amendment on the basis of its own
investigation and for its own reasons, without reliance upon the Agent and the
Lenders or any other Person.
 
(f)  The Borrower’s obligations under the Loan Agreement and under the other
Loan Documents are not subject to any defense, counterclaim, set-off, right of
recoupment, abatement or other claim.
 
4.  Conditions of Effectiveness.
 
(a)  This Amendment shall be effective as of the date hereof (the “Effective
Date”), provided that the Agent shall have received (i) from the Borrower and
the Majority Lenders, a duly executed original (or, if elected by the Agent, an
executed facsimile copy) of this Amendment, and (ii) an Intercreditor Agreement
in substantially the form of Exhibit A hereto (the “Intercreditor Agreement”)
executed by General Electric Capital Corporation, as administrative agent under
the Term Loan and Security Agreement, and the Agent on behalf of the Lenders.
 
(b)  From and after the Effective Date, the Loan Agreement is amended as set
forth herein. Except as expressly amended pursuant hereto, the Loan Agreement
shall remain unchanged and in full force and effect and is hereby ratified and
confirmed in all respects. Without limiting the generality of the foregoing, the
Borrower hereby ratifies and affirms that the Liens granted to the Agent for the
benefit of the Lenders under the Loan Agreement constitute valid and perfected
first priority Liens on the Collateral (subject only to Permitted Liens) and
secure the Obligations.
 
(c)  The Agent will notify the Borrower and the Lenders of the occurrence of the
Effective Date.
 
5.  Authorization of Lenders.    The Majority Lenders hereby authorize the Agent
to execute

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and deliver the Intercreditor Agreement on behalf of the Lenders.
 
6.  Miscellaneous.
 
(a)  The Borrower acknowledges and agrees that the execution and delivery by the
Agent and the Lenders of this Amendment shall not be deemed to create a course
of dealing or an obligation to execute similar waivers or amendments under the
same or similar circumstances in the future.
 
(b)  This Amendment shall be binding upon and inure to the benefit of the
parties hereto and thereto and their respective successors and assigns.
 
(c)  This Amendment shall be governed by and construed in accordance with the
law of the State of California, provided that the Agent and the Lenders shall
retain all rights arising under Federal law.
 
(d)  This Amendment may be executed in any number of counterparts, each of which
shall be deemed an original, but all such counterparts together shall constitute
but one and the same instrument. Each of the parties hereto understands and
agrees that this document (and any other document required herein) may be
delivered by any party thereto either in the form of an executed original or an
executed original sent by facsimile transmission to be followed promptly by
mailing of a hard copy original, and that receipt by the Agent of a facsimile
transmitted document purportedly bearing the signature of a Lender or the
Borrower shall bind such Lender or the Borrower, respectively, with the same
force and effect as the delivery of a hard copy original. Any failure by the
Agent to receive the hard copy executed original of such document shall not
diminish the binding effect of receipt of the facsimile transmitted executed
original of such document of the party whose hard copy page was not received by
the Agent.
 
(e)  This Amendment contains the entire and exclusive agreement of the parties
hereto with reference to the matters discussed herein. This Amendment supersedes
all prior drafts and communications with respect hereto. This Amendment may not
be amended except in accordance with the provisions of Section 13.2 of the Loan
Agreement.
 
(f)  If any term or provision of this Amendment shall be deemed prohibited by or
invalid under any applicable law, such provision shall be invalidated without
affecting the remaining provisions of this Amendment, the Loan Agreement or the
Loan Documents.
 
(g)  The Borrower agrees to pay or reimburse BofA (including in its capacity as
Agent), upon demand, for all reasonable costs and expenses (including reasonable
Attorney Costs) incurred by BofA (including in its capacity as Agent) in
connection with the development, preparation, negotiation, execution and
delivery of this Amendment.
 
[Signature pages follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered in San Francisco, California, by their proper and duly
authorized officers as of the day and year first above written.
 
ADVANCED MICRO DEVICES, INC.
By:
 
/s/    JOHN PATTERSON        

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Name: John Patterson
Title: Treasurer

 
AMD INTERNATIONAL SALES AND SERVICE, LTD.
By:
 
/s/    JOHN PATTERSON        

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Name: John Patterson
Title: Treasurer

 
BANK OF AMERICA, N.A., as Agent and as a Lender
By:
 
/s/    KEVIN R. KELLY        

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Name: Kevin R. Kelly
Title: Senior Vice President

 
FOOTHILL CAPITAL CORPORATION
By:
 
/s/    EUNNIE KIM        

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Name: Eunnie Kim
Title: Vice President

 

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TEXTRON FINANCIAL CORPORATION
By:
 
/s/    RALPH J. INFANTE        

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Name: Ralph J. Infante
Title: Senior Vice President

 
THE CIT GROUP/BUSINESS CREDIT, INC.
By:
 
/s/    JAMES J. KARNOWSKI        

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Name: James J. Karnowski
Title: Vice President

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