Document:

Amendment Agreement to the Term Loan Facility Agreement

 Exhibit 10.1 
 ***CONFIDENTIAL TREATMENT REQUESTED 
 Convenience Translation 
 AMENDMENT AGREEMENT 
 to the

 TERM LOAN FACILITY AGREEMENT 
 dated 21 April 2004 
 for 
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 
 as Borrower

 AMD FAB 36 HOLDING GMBH 
 ADVANCED MICRO DEVICES, INC. 
 ABN AMRO BANK N.V., 
 COMMERZBANK AKTIENGESELLSCHAFT, DEUTSCHE BANK 
 LUXEMBOURG S.A., DRESDNER
KLEINWORT, KFW, LANDESBANK HESSEN- 
 THÜRINGEN GIROZENTRALE 
 and 
 LANDESBANK SACHSEN GIROZENTRALE 
 as Mandated Lead Arrangers 
 and
other Financial Institutions named herein and 
 DRESDNER BANK AG, NIEDERLASSUNG LUXEMBURG 
 as Facility Agent 
 with

 DRESDNER BANK AG in Berlin 
 as Security Agent and Reporting Agent 
  

	***	Confidential treatment has been requested as to certain portions of this agreement. Such omitted confidential information has been designated by asterisks and has been filed
separately with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and the Commission’s rules and regulations promulgated under the Freedom of Information Act, pursuant to a
request for confidential treatment. 

 Milbank, Tweed, Hadley & McCloy LLP 
 Frankfurt 

 THIS AMENDMENT AGREEMENT is dated 10 October 2006 and made between:

  

	(1)	AMD Fab 36 Limited Liability Company & Co. KG, a German limited partnership with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany,
registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRA 5255 (the “Borrower”); 

  

	(2)	AMD Fab 36 Holding GmbH, a German limited liability company (Gesellschaft mit beschränkter Haftung) with its business address at Wilschdorfer Landstrasse 101,
01109 Dresden, Germany, registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRB 21270; 

  

	(3)	Advanced Micro Devices, Inc., a corporation organized under the laws of the State of Delaware, United States of America, having its principal place of business in Sunnyvale,
California, United States of America; 

  

	(4)	ABN AMRO Bank N.V., Commerzbank Aktiengesellschaft, Deutsche Bank Luxembourg S.A., Dresdner Kleinwort, the investment banking division of Dresdner
Bank AG, KfW, Landesbank Hessen-Thüringen Girozentrale and Landesbank Sachsen Girozentrale, as Mandated Lead Arrangers (the “Mandated Lead Arrangers”); 

  

	(5)	The financial institutions listed in Schedule 1 as lenders (the “Lenders”); 

  

	(6)	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent for the Lenders (the “Facility Agent”); and 

  

	(7)	Dresdner Bank AG in Berlin as Security Agent for the Lenders (the “Security Agent”) and as Reporting Agent for the Lenders (the “Reporting
Agent”). 

 WHEREAS 
 The Borrower,
the Mandated Lead Arrangers, the Lenders, the Facility Agent, the Security Agent and the Reporting Agent are parties to a EUR 700,000,000 Term Loan Facility Agreement dated 21 April 2004 (the “Facility Agreement”), and have
agreed amongst themselves and with the Guarantor to make amendments to the Facility Agreement, and certain other agreements referred to in and defined as “Finance Documents” in the Facility Agreement, by way of this Amendment Agreement.

 IT IS AGREED as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	All capitalised terms used in this Amendment Agreement and not defined otherwise herein shall have the meanings ascribed to such terms in the Facility Agreement.

  

	1.2	Unless specifically provided otherwise herein, references to Clauses shall be references to the relevant clauses of the Facility Agreement. 

  

 2 

	2.	AMENDMENTS 

  

	2.1	Facility Agreement 

 The Facility Agreement shall be
amended and restated as set out in Schedule 2 hereto (provided that all Schedules to the Facility Agreement dated 21 April 2004 – or parts thereof - which are not appended to the restated text set out in Schedule 2 shall
remain unchanged, except that all references therein to Dresdner Bank Luxembourg S.A. shall be references to Dresdner Bank, AG, Niederlassung Luxemburg). 
  

	2.2	Guarantee Agreement 

 The Guarantee Agreement shall
be amended and restated as set out in Schedule 3 hereto. 
  

	2.3	License Agreement 

 In the definition of
“Affiliate” in Section 1 (a) of the License Agreement, “, provided that FASL shall be deemed to be an Affiliate of AMD Inc. for purposes of this Agreement” shall be deleted. 
  

	2.4	Security Assignment 

 The Agreement entitled
“Security Transfer of Fixed Assets” (Sicherungsübereignung Anlagevermögen) dated 20 April 2004 and referred to in the Facility Agreement as “Security Assignment” (Sicherungsübereignung) between
the Borrower and the Security Agent is hereby amended as set out in Schedule 4 hereto. 
  

	3.	CONDITIONS PRECEDENT 

 This Amendment Agreement
shall come into effect upon confirmation in writing by the Facility Agent that the following documents and other evidence have been delivered to the Facility Agent in form and substance satisfactory to the Facility Agent: 
  

	3.1	Amendment Agreement setting out changes to the Revolving Credit Agreement; 

  

	3.2	Amendment Agreement setting out changes to the Cost Plus Reimbursement Agreement; and 

  

	3.3	Amendment Agreement setting out changes to the Management Service Agreement. 

  

	4.	MISCELLANEOUS 

  

	4.1	This Amendment Agreement is hereby designated a “Finance Document” within the meaning of the Facility Agreement. 

  

	4.2	All terms and conditions of the Facility Agreement or any Finance Documents other than those amended pursuant to Clause 2 hereof remain unchanged. 

  

	4.3	Should any provision of this Amendment Agreement be or become wholly or in part invalid or unenforceable, the remaining parts of this Agreement shall not be affected. The invalid or
unenforceable provision shall be replaced by a valid and enforceable provision which approximates as closely as possible to the economic purpose of the invalid or unenforceable provision. 

  

	4.4	Any amendments to this Amendment Agreement (including this subsection) must be made in writing. 

  

	4.5	This Amendment Agreement is governed by German law. 

  

	4.6	The courts of Frankfurt am Main shall have exclusive jurisdiction in respect of any disputes arising out of or in connection with this Amendment Agreement provided that any Finance
Party shall be entitled to bring proceedings in any other courts of competent jurisdiction. 

  

 3 

 Schedule 1 
 The Lenders 
 ABN AMRO BANK N.V., NIEDERLASSUNG DEUTSCHLAND 
 ALLIED IRISH BANK PLC 
 BAYERISCHE LANDESBANK 
 BHF-BANK AKTIENGESELLSCHAFT 
 COMMERZBANK AKTIENGESELLSCHAFT 
 DEUTSCHE BANK AG, LONDON 
 DEUTSCHE BANK LUXEMBOURG S.A. 
 DRESDNER BANK AG in BERLIN 
 DZ BANK AG 
 HVB BANQUE LUXEMBOURG SOCIETE ANONYME 
 IKB INTERNATIONAL S.A. 

KBC BANK DEUTSCHLAND AG 
 KFW 
 LANDESBANK BADEN-WÜRTTEMBERG 
 LANDESBANK HESSEN-THÜRINGEN
GIROZENTRALE 
 LANDESBANK RHEINLAND-PFALZ 
 LANDESBANK SACHSEN
GIROZENTRALE 
 NATEXIS BANQUES POPULAIRES, ZWEIGNIEDERLASSUNG DEUTSCHLAND 
 NRW BANK 
  

 Schedule 2 
 Amended Facility Agreement 

 Convenience Translation 
  

 EUR700,000,000 

TERM LOAN FACILITY 
 AGREEMENT

  

 dated
21 April 2004 
 as amended by Amendment Agreement dated 10 October 2006 
 for 
 AMD FAB 36 LIMITED LIABILITY
COMPANY & CO. KG 
 the Borrower 
 ABN AMRO BANK N.V., 
 COMMERZBANK AKTIENGESELLSCHAFT, DEUTSCHE BANK 
 LUXEMBOURG S.A., DRESDNER KLEINWORT, KFW, LANDESBANK HESSEN- 
 THÜRINGEN GIROZENTRALE 
 and 
 LANDESBANK SACHSEN GIROZENTRALE 
 as Mandated Lead Arrangers 
 DRESDNER BANK AG, NIEDERLASSUNG LUXEMBURG 
 as Facility Agent 
 with 
 DRESDNER BANK AG in Berlin 
 as Security Agent and Reporting Agent 
 Milbank, Tweed, Hadley & McCloy LLP 
 Frankfurt 

 CONTENTS 
  

					
	 Clause
	  	 	  	Page
	 SECTION 1 INTERPRETATION
	  	1
			
	1.	  	DEFINITIONS AND INTERPRETATION	  	1
		
	 SECTION 2 THE FACILITY
	  	29
			
	2.	  	THE FACILITY	  	29
	3.	  	PURPOSE	  	29
	4.	  	CONDITIONS OF UTILISATION	  	29
		
	 SECTION 3 UTILISATION
	  	31
			
	5.	  	UTILISATION	  	31
		
	 SECTION 4 REPAYMENT, PREPAYMENT AND CANCELLATION
	  	34
			
	6.	  	REPAYMENT	  	34
	7.	  	PREPAYMENT AND CANCELLATION	  	36
		
	 SECTION 5 COSTS OF UTILISATION
	  	44
			
	8.	  	INTEREST	  	44
	9.	  	INTEREST PERIODS	  	47
	10.	  	CHANGES TO THE CALCULATION OF INTEREST	  	48
	11.	  	FEES	  	49
		
	 SECTION 6 ADDITIONAL PAYMENT OBLIGATIONS
	  	51
			
	12.	  	TAX GROSS UP AND INDEMNITIES	  	51
	13.	  	INCREASED COSTS	  	54
	14.	  	OTHER INDEMNITIES	  	55
	15.	  	MITIGATION BY THE LENDERS	  	56
	16.	  	COSTS AND EXPENSES	  	57
		
	 SECTION 7 REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT
	  	59
			
	17.	  	REPRESENTATIONS	  	59
	18.	  	INFORMATION UNDERTAKINGS	  	67
	19.	  	FINANCIAL COVENANTS	  	72
	20.	  	GENERAL UNDERTAKINGS	  	76
	21.	  	EVENTS OF DEFAULT	  	88
		
	 SECTION 8 CHANGES TO PARTIES
	  	95
			
	22.	  	CHANGES TO THE LENDERS	  	95
	23.	  	CHANGES TO THE BORROWER	  	99
		
	 SECTION 9 THE FINANCE PARTIES
	  	100
			
	24.	  	ROLE OF THE AGENTS AND THE MANDATED LEAD ARRANGERS	  	100
	25.	  	CONDUCT OF BUSINESS BY THE FINANCE PARTIES	  	108
	26.	  	SHARING AMONG THE FINANCE PARTIES	  	108
		
	 SECTION 10 ADMINISTRATION
	  	110
			
	27.	  	PAYMENT MECHANICS	  	110
	28.	  	SET-OFF	  	112
	29.	  	NOTICES	  	112

  

 II 

					
	30.	  	CALCULATIONS AND CERTIFICATES	  	114
	31.	  	PARTIAL INVALIDITY	  	114
	32.	  	REMEDIES AND WAIVERS	  	115
	33.	  	AMENDMENTS AND WAIVERS	  	115
	34.	  	COUNTERPARTS	  	116
		
	 SECTION 11 THE FEDERAL/STATE GUARANTEE, GOVERNING LAW AND JURISDICTION
	  	117
			
	35.	  	THE FEDERAL/STATE GUARANTEE	  	117
	36.	  	GOVERNING LAW	  	117
	37.	  	JURISDICTION	  	117
	38.	  	CONFIRMATION	  	117

  

			
	SCHEDULE 2	 	Conditions Precedent
	SCHEDULE 3	 	Requests
	SCHEDULE 6	 	Form of Compliance Certificate
	SCHEDULE 9	 	Timetables
	SCHEDULE 14	 	Form of Statement of Sources and Uses
	SCHEDULE 17	 	Required Insurance
	SCHEDULE 19	 	English non-binding translation

  

 III 

 THIS AGREEMENT is made between: 
  

	(1)	AMD Fab 36 Limited Liability Company & Co. KG, a German limited partnership with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany,
registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRA 5255 (the “Borrower”); 

  

	(2)	ABN AMRO Bank N.V., Commerzbank Aktiengesellschaft, Deutsche Bank Luxembourg S.A., Dresdner Kleinwort, the investment banking division of Dresdner
Bank AG, KfW, Landesbank Hessen-Thüringen Girozentrale and Landesbank Sachsen Girozentrale, as Mandated Lead Arrangers (the “Mandated Lead Arrangers”); 

  

	(3)	The financial institutions listed on the signature pages hereof; 

  

	(4)	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent for the Lenders (the “Facility Agent”); and 

  

	(5)	Dresdner Bank AG in Berlin as Security Agent for the Lenders (the “Security Agent”) and as Reporting Agent for the Lenders (the “Reporting
Agent”). 

 IT IS AGREED as follows: 
 SECTION 1 
 INTERPRETATION 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement: 
 “Account Pledges” means the following agreements providing for first ranking pledges over: 
  

	 	(a)	all bank accounts of the Borrower dated 20 April 2004; 

  

	 	(b)	all bank accounts of AMD Fab 36 Holding GmbH dated 20 April 2004; 

  

	 	(c)	all bank accounts of AMD Fab 36 Admin GmbH dated 20 April 2004; 

  

	 	(d)	the Escrow Account; and 

  

	 	(e)	the Cash Reserve Account. 

 “Affiliate”
means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company. 
 “Agent” means the Facility Agent, the Security Agent and/or the Reporting Agent, as the context requires. 
  

 1 

 “AMD Fab 36 Admin GmbH” means a German limited liability company (Gesellschaft mit
beschränkter Haftung) with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany, registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRB 22350.

 “AMD Fab 36 Holding GmbH” means a German limited liability company (Gesellschaft mit beschränkter Haftung)
with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany, registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRB 21270. 
 “AMD Fab 36 Holding’s Assignment of Receivables” means the assignment agreement dated 20 April 2004 providing for the
assignment to the Security Agent of the claims of AMD Fab 36 Holding GmbH under the Cost Plus Reimbursement Agreement. 
 “AMD Fab 36
LLC” means a Delaware limited liability company with its business address at One AMD Place, Sunnyvale, CA 94088, United States, registered with the State of Delaware on 18 July 2003 and having its registered business address at 1209
Orange Street, Wilmington, 19801 Delaware, United States, of which the organizational identification number in the State of Delaware assigned by the Division of Corporations, as of the date hereof, is 3683217. 
 “Assignment of the AMD Call Options” means the assignment agreement dated 20 April 2004 providing for the assignment to the Security
Agent of rights under the Purchase Agreements over all the partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations held by Limited Partners who are not members of the Group. 

“Assignment of Insurance Claims” means the assignment agreement dated 20 April 2004 providing for the assignment to the Security
Agent of all of the Borrower’s claims under any insurance policies (with the exception of personal liability insurances and contractors’ all risks insurances until completion of the building phase) it has taken out in relation to the
Project. 
 “Assignment of Material German Contracts” means the assignment agreement dated 20 April 2004 providing for
the assignment to the Security Agent of all the Material Contracts governed by German law entered into by the Borrower (but excluding the Partnership Agreement). 
 “Assignment of Material US Contracts” means the assignment agreement dated 20 April 2004 providing for the assignment to the Security Agent of claims and contractual rights under all the Material
Contracts governed by the law of a state of the United States of America entered into by the Borrower. 
 “Assignment of
Warranties” means the assignment agreement dated 20 April 2004 providing for the assignment to the Security Agent of warranty claims (including any underlying Security) under the warranty provided by the Project Engineer. 

“Assignments of Claims” means the following assignment agreements providing for the assignment to the Security Agent of all the claims
against the Borrower of: 
  

	 	(a)	the Guarantor dated 20 April 2004; 

  

	 	(b)	AMD Fab 36 Holding GmbH dated 20 April 2004; 

  

 2 

	 	(c)	AMD Fab 36 Admin GmbH dated 20 April 2004; 

  

	 	(d)	the General Partner dated 20 April 2004; and 

  

	 	(e)	the Second General Partner dated 20 April 2004. 

 “Assignments of Receivables” means the Borrower’s Assignment of Receivables and AMD Fab 36 Holding’s Assignment of Receivables, and “Assignment of Receivables” shall mean any of them. 

“Auditors” means Ernst & Young or another international auditing firm of similar repute and standing. 
 “Authorisation” means an authorisation, consent, approval, resolution, licence, exemption, filing or registration. 
 “Availability Period” means the period from and including the Signing Date to and including 28 September 2007. 
 “Available Commitment” means a Lender’s Commitment minus: 
  

	 	(a)	the amount of its participation in any Outstandings; and 

  

	 	(b)	in relation to any proposed Utilisation, the amount of its participation in any Loans that are due to be made on or before the proposed Utilisation Date. 

“Available Facility” means the aggregate for the time being of each Lender’s Available Commitment. 
 “Base Currency” means EUR. 
 “Base Currency Amount” means in relation to a Loan, the amount specified in the Utilisation Request delivered by the Borrower for that Utilisation (or, if the amount requested is denominated in USD, the amount converted
into the Base Currency at the Facility Agent’s Spot Rate of Exchange on the date which is four (4) Business Days before the Utilisation Date or, if later, the date the Facility Agent receives the Utilisation Request), as adjusted to
reflect any repayment, prepayment, consolidation or division of such Loan. 
 “Base Financial Statements” means: 

 

	 	(a)	the audited financial statements of the Borrower for the financial year ended 31 December 2003 audited by Ernst & Young AG; and 

  

	 	(b)	the audited consolidated financial statements of the Guarantor for the financial year ended 28 December 2003 audited by Ernst & Young LLP. 

 “Borrower’s Assignment of Receivables” means the assignment agreement dated 20 April 2004 providing for the assignment to the
Security Agent of the Borrower’s claims under the Cost Plus Reimbursement Agreement. 
 “Break Costs” means the amount
(if any) by which: 
  

	 	(a)	the interest which a Lender should have received for the period from the date of receipt of all or any part of its participation in a Loan or Unpaid Sum to the last day

  

 3 

 of the current Interest Period in respect of that Loan or Unpaid Sum, had the principal amount or Unpaid
Sum received been paid on the last day of that Interest Period, 
 exceeds: 
  

	 	(b)	the amount which that Lender would be able to obtain by placing an amount equal to the principal amount or Unpaid Sum received by it on deposit with a leading bank in the European
interbank market for a period starting on the Business Day following receipt or recovery and ending on the last day of the current Interest Period. 

 “Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in Frankfurt am Main, Berlin, Dresden, London, Luxembourg, and 
  

	 	(a)	(in relation to any date for payment or purchase of Euro) any Target Day; or 

  

	 	(b)	(in relation to any date for payment or purchase of Dollar) a day (other than a Saturday or Sunday) on which banks are open for general business in New York.

 “Business Plan” means the financial model dated 4 November 2003 for the period beginning on
1 January 2003 and ending on 31 December 2012, including profit and loss accounts, balance sheets and cash flow projections relating to the Project, in the agreed form set out in Schedule 7 (The Business Plan), together with a
favourable opinion of Arthur D. Little dated 4 November 2003. 
 “Call Option” means an agreement providing for call
options in favour of the Security Agent in respect of the partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations held by the Limited Partners who are not members of the Group and the
Second General Partner. 
 “Cash” has the meaning ascribed to such term in paragraph (a) of Clause 19.1 (Financial
Definitions). 
 “Cash Equivalents” has the meaning ascribed to such term in paragraph (a) of Clause 19.1
(Financial Definitions). 
 “Cash Reserve Account” means an interest-bearing escrow account maintained by the Borrower
with the Security Agent into which amounts are to be paid pursuant to Clause 20.35 (Balancing Payments to and from Cash Reserve Account) in the currency and in the amounts set out therein which are to be utilized exclusively for the
purpose described therein. 
 “Cash Reserve Account Pledge” means an agreement providing for a first ranking pledge over the
Cash Reserve Account. 
 “Cash Shortfall” means a Cash shortfall of the Borrower (whether in respect of operating or
non-operating costs), including without limitation a Cash shortfall from cost overruns from capital expenditures or arising from reclamations of public allowances or grants (Investitionszulagen / Investitionszuschüsse) by the
Federal/State Guarantor. 
  

 4 

 “Change of Control” means the direct or indirect acquisition by any person (as such term
is used in Section 13 (d) and Section 14 (d) (2) of the Exchange Act) or related persons constituting a group (as such term is used in Rule 13d-5 under the Exchange Act), of: 
  

	 	(a)	beneficial ownership of issued and outstanding shares of voting stock of the Guarantor, the result of which acquisition is that such person or such group possesses in excess of
[***] per cent. of the combined voting power of all then-issued and outstanding voting stock of the Guarantor; or 

  

	 	(b)	the power to elect, appoint or cause the election or appointment of at least a majority of the members of the board of directors of the Guarantor. 

 “Charged Assets” means any assets of the Borrower that are secured in favour of the Security Agent pursuant to the Security Documents or
any of them. 
 “Closing” means the date on which all of the initial conditions precedent set forth in Part I (Initial
Conditions Precedent) of Schedule 2 (Conditions Precedent) are satisfied, or waived, in accordance with Clause 4.1 (Initial Conditions Precedent). 
 “Commitment” means: 
  

	 	(a)	in relation to an Original Lender, the amount set opposite its name under the heading “Commitment” in Schedule 1 (The Original Lenders) and the amount of any other
such Commitment transferred to it under this Agreement; and 

  

	 	(b)	in relation to any other Lender, the amount of any Commitment transferred to it under this Agreement, 

 to the extent not cancelled, reduced or transferred by it under this Agreement. 
 “Compliance Certificate” means a certificate substantially in the form set out in Schedule 6 (Form of Compliance Certificate).

 “Confidentiality Undertaking” means a confidentiality undertaking substantially in a recommended form of the LMA as set
out in Schedule 8 (LMA Form of Confidentiality Undertaking) or in any other form agreed between the Borrower and the Facility Agent. 
 “Cooperation Agreement” means the agreement (Kooperationsvertrag) dated 20 November 2003 entered into between Free State of Saxony, the Guarantor and Fab 36 Beteiligungs GmbH. 
 “Cost Plus Reimbursement Agreement” means the following agreements: 
  

	 	(a)	Cost Plus Reimbursement Agreement dated 21 April 2004 entered into between the Borrower and AMD Fab 36 Holding GmbH, as amended by amendment agreement dated 28 September
2006; and 

  

	 	(b)	Cost Plus Reimbursement Agreement dated 21 April 2004 entered into between AMD Fab 36 Holding GmbH and the Guarantor, as amended by amendment agreement dated 28 September
2006. 

 “Credit Rating” means any corporate credit rating/corporate family rating assigned to the Guarantor by
Standard & Poor’s or Moody’s, respectively. 
  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 5 

 “Dangerous Substance” means any radioactive emissions and any natural or artificial
substance (in whatever form) the generation, transportation, storage, treatment, use or disposal of which (whether alone or in combination with any other substance) gives rise to a risk of causing substantial harm to man or any other living organism
or damaging the Environment or public health or welfare, including (without limitation) any controlled, special, hazardous, toxic, radioactive or dangerous waste. 
 “Debt Issue” means any issue after the Signing Date of public or privately placed debt securities of the Borrower. 
 “Default” means an Event of Default or any event or circumstance specified in Clause 21 (Events of Default) that would (with the expiry of a grace period, the giving of notice, the making
of any determination under the Finance Documents or any combination of any of the foregoing) be an Event of Default. 
 “EPC
Contract” means the agreement (Generalübernehmervertrag) dated 20 November 2003 made between the Borrower and the Project Engineer pertaining to the design and construction of the Project. 
 “Environment” means the media of air, water and land (wherever occurring) and in relation to the media of air and water includes, without
limitation, the air and water within buildings and the air and water within other natural or man-made structures above or below ground and any water contained in any underground strata. 
 “Environmental Claim” means any claim by any person: 
  

	 	(a)	in respect of any loss or liability suffered or incurred by that person as a result of or in connection with any violation of Environmental Law; or 

  

	 	(b)	that arises as a result of or in connection with Environmental Contamination and that could give rise to any remedy or penalty (whether interim or final) that may be enforced or
assessed by private legal action or public legal action or administrative order or proceedings including, without limitation, any such claim that arises from injury to persons or property. 

 “Environmental Contamination” means each of the following and their consequences: 
  

	 	(a)	any release, discharge, emission, leakage or spillage of any Dangerous Substance at or from any site owned, leased, occupied or used by the Borrower into any part of the
Environment; or 

  

	 	(b)	any accident, fire, explosion or sudden event at any site owned, leased, occupied or used by the Borrower which is directly or indirectly caused by or attributable to any Dangerous
Substance; or 

  

	 	(c)	any other pollution of the Environment arising at or from any site owned or occupied by the Borrower. 

 “Environmental Law” means all laws, regulations, directives, codes of practice, circulars, guidance notices, instructions and the like
issued by a governmental authority and having legal effect concerning the protection of human health, the Environment, the conditions of the work place or the generation, transportation, storage, treatment or disposal of Dangerous Substances.

  

 6 

 “Environmental Licence” means any permit, licence, authorisation, consent or other
approval required by any Environmental Law. 
 “Equipment” means any equipment and tools (including any information
technology software or hardware which is embedded or installed in, or essential for the working of, that equipment) to be owned by the Borrower and to be installed on the Site for the development and production of microprocessors on silicon wafers
and which is required by the Borrower to implement the Project in accordance with the Business Plan. 
 “Equity Issue” means
any issue of partnership interests or shares by the Borrower or any issue or grant of rights to subscribe for, or to convert any security into, partnership interests or shares in the Borrower. 
 “Escrow Account” means an interest-bearing escrow account (with two sub-accounts denominated in EUR and USD, respectively) to be
maintained by the Borrower with the Security Agent (alternatively Cash Equivalents may be invested into a non-interest-bearing deposit account with the Security Agent), funded by Utilisations and utilised solely for the purpose set out in Clause 3
(Purpose) and Clause 7.4 (Mandatory Prepayment from the Escrow Account). 
 “EU Notification Approval” means
the unconditional approval of the European Union in respect of the Federal/State Guarantee and in connection with any public allowances or grants (Investitionszulagen/Investitionszuschüsse) provided to the Borrower pursuant to a Subsidy
Agreement. 
 “EURIBOR” means, in relation to any Loan: 
  

	 	(a)	the Screen Rate; or 

  

	 	(b)	(if no Screen Rate is available for the Interest Period of that Loan) the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Facility Agent at
its request quoted by the Reference Banks to leading banks in the European interbank market, 

 as of the Specified Time on the
Quotation Day for the offering of deposits in Euro for a period comparable to the Interest Period of the relevant Loan. 
 “EUR
Outstandings” means, at any time, the aggregate of the amounts of the outstanding Loans denominated in EUR. 
 “Event of
Default” has the meaning ascribed to such term in Clause 21.1 (Acceleration). 
 “Excess Contributed Capital
Amount” means the amount, from time to time, of capital in the Borrower contributed by the Guarantor or its Affiliates in excess of the amount required to be contributed by the Guarantor prior to first Utilisation pursuant to Part II
(Conditions Precedent to first Utilisation) of Schedule 2 (Conditions Precedent). 
 “Exchange Act”
means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission from time to time promulgated thereunder. 
 “Existing Indebtedness” means the Financial Indebtedness or other indebtedness of the Borrower outstanding prior to the date of initial
Utilisation, but does not include Financial Indebtedness arising under the Revolving Credit Agreement or a Subordinated Loan Agreement. 
  

 7 

 “Existing Security” means the Security granted or existing over the assets of the
Obligors that is existing prior to the date of initial Utilisation. 
 “Extended Termination Date” means a date up to three
(3) years after the Termination Date proposed by the Borrower and approved by each Lender and the Federal/State Guarantors as the date by which all Loans must be repaid following an extension of the Termination Date for the Loans pursuant to
Clause 6.3 (Extension of Termination Date) but not later than the date which is the tenth (10th) anniversary of the Signing Date or, if that is not a Business Day, the immediately preceding Business Day. 
 “Facility” means the term loan facility made available under this Agreement as described in Clause 2 (The Facility). 
 “Facility Agent’s Spot Rate of Exchange” means the Facility Agent’s spot rate of exchange for the purchase of the relevant currency with the Base Currency in the European foreign exchange
market at or about 12.00 noon on a particular day. 
 “Facility Amount” means the higher of (i) seven hundred million
(700,000,000) EUR and (ii) the amount of the Outstandings. 
 “Facility Office” means the office or offices
notified by a Lender to the Facility Agent in writing on or before the date it becomes a Lender (or, following that date, by not less than five (5) Business Days’ written notice) as the office or offices through which it will perform its
obligations under this Agreement. 
 “Federal/State Guarantee” means the guarantees granted by the Federal/State Guarantors
for the benefit of the Lenders and the Agents (after realisation of all Transaction Security, subject however to a limited right of advance appropriation in favour of the Finance Parties in relation to the Security constituted by the Cash Reserve
Account Pledge) in respect of eighty (80) per cent. of all losses (except certain currency-related losses) sustained by the Lenders and the Agents in respect of the Finance Documents in accordance with the terms set out in the
Federal/State Guarantors Decision. 
 “Federal/State Guarantors” means: 
  

	 	(a)	the Federal Republic of Germany; and 

  

	 	(b)	the Free State of Saxony (Freistaat Sachsen). 

 “Federal/State Guarantors Decision” means the decision of the Federal/State Guarantors and of PwC Deutsche Revision Aktiengesellschaft Wirtschaftsprüfungsgesellschaft (“PWC”) based on the
inter-ministerial committee meetings (interministerielle Sitzungen) dated 6/17 November 2003 and based on the letters of PwC in connection therewith dated 17 March 2004, 7 April 2004 and 8 April 2004
(Bürgschaftsentscheidung), as set out in Schedule 12 (Federal/State Guarantors Decision), as further amended by the letters of PwC dated 3 and 20 January 2005, 20 and 22 December 2005 and 6 February 2006.

 “Fee Letters” means the letter dated 28 November 2003 made between the Mandated Lead Arrangers, the Borrower and the
Guarantor and the letter dated 16 April 2004 made between the Facility Agent and the Borrower setting out any of the fees referred to in Clause 11 (Fees) and “Fee Letter” means any of them. 
  

 8 

 “Finance Documents” means this Agreement, any Fee Letter, any Security Document and any
other document designated as such by the Facility Agent and the Borrower and “Finance Document” means any of them. 
 “Finance Parties” means the Facility Agent, the Security Agent, the Reporting Agent, the Mandated Lead Arrangers and the Lenders and “Finance Party” means any of them. 
 “Financial Indebtedness” means any indebtedness for or in respect of: 
  

	 	(a)	moneys borrowed; 

  

	 	(b)	any amount raised by acceptance under any acceptance credit facility; 

  

	 	(c)	any amount raised pursuant to any note purchase facility or the issue of bonds, notes, debentures, loan stock or any similar instrument; 

  

	 	(d)	the amount of any liability in respect of any lease or hire purchase contract which would, in accordance with the German GAAP, be treated as a finance or capital lease;

  

	 	(e)	receivables sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis); 

  

	 	(f)	any amount raised under any other transaction (including any forward sale or purchase agreement) having the commercial effect of a borrowing; however, for the avoidance of doubt,
this does not include any deferred payment arrangements with trade creditors as customary in the industry or endorsement of negotiable instruments for deposit or collection; 

  

	 	(g)	any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price (and, when calculating the value of any derivative
transaction, only the marked to market value shall be taken into account); 

  

	 	(h)	any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial
institution; and 

  

	 	(i)	(without double counting) the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs (a) to (h) above.

 “Fiscal Quarter” means each of those periods of approximately thirteen weeks ending on 31 March,
30 June, 30 September and 31 December in each financial year. 
 “General Partner” means AMD Fab 36 LLC or,
upon substitution of the former by AMD Fab 36 Admin GmbH as general partner of the Borrower, the latter. 
 “German GAAP”
means generally accepted accounting principles generally used by the accounting profession and in effect in Germany from time to time (Grundsätze ordnungsmässiger Buchführung). 
  

 9 

 “German Qualifying Lender” means: 
  

	 	(a)	a Lender which is: 

  

	 	(i)	a company resident in Germany for German tax purposes; 

  

	 	(ii)	a partnership each member of which is a company resident in Germany for German tax purposes; or 

  

	 	(iii)	a company not so resident in Germany which carries on a trade or business in Germany through a branch or agency and which brings into account interest payable in respect of any
relevant Loan in computing its chargeable profits (within the meaning given by Section 49(1) No. 2(a) of the German Income Tax Code), 

 but only if the Lender described in this paragraph (a) (and further, (A) in the case of a partnership, each member of the partnership, and (B) in the case of a company which carries on a trade or
business in Germany through a branch or agency, the branch or agency) is entitled to receive any and all payments under the Finance Documents (subject to completion of any procedural formalities) without a Tax Deduction; or 
  

	 	(b)	a German Treaty Lender. 

 “German Treaty”
means a double taxation agreement with Germany which makes provision for full exemption of tax imposed by Germany on interest. 
 “German Treaty Lender” means a Lender which: 
  

	 	(a)	is treated as a resident of a German Treaty State for the purposes of the German Treaty; 

  

	 	(b)	does not carry on business in Germany through a permanent establishment with which that Lender’s participation in a Loan is effectively connected; and 

 

	 	(c)	is entitled under the German Treaty (subject to the completion of any necessary procedural formalities) to receive any and all payments under the Finance Documents without a Tax
Deduction (as defined in Clause 12.1 (Definitions). 

 “German Treaty State” means a jurisdiction to
which a German Treaty applies. 
 “Germany” means the Federal Republic of Germany. 
 “Global Assignment of Receivables” means the assignment agreement dated 20 April 2004 providing for the assignment to the Security
Agent of all existing and future claims of the Borrower for goods and services provided, or based on other legal grounds, that it holds against all of its debtors with the exception of such claims which have been assigned under the other Security
Documents. 
 “Group” means the Guarantor and its Subsidiaries from time to time and “member of the Group”
shall be construed accordingly. 
 “Group Consolidated Cash” means for any fiscal month of the Guarantor the amount of all
cash, cash equivalents and short-term investments of the Guarantor and of all of its 
  

 10 

 Subsidiaries (other than amounts which are “restricted cash” within the meaning of
US GAAP, including cash and cash equivalents which are the subject of Security in favour of any party (other than Transaction Security); this exclusion shall however not apply to Security in favour of any relevant account bank constituted by
(i) application of standard terms and conditions of financial institutions, (ii) other standard and customary terms and conditions or (iii) operation of law, in each case in respect of accounts which are not subject to any requirement
to maintain a minimum balance on such accounts), calculated employing the same method applied in calculating the annual audited and quarterly unaudited consolidated financial statements of the Guarantor in accordance with the terms of the Guarantee
Agreement, less the aggregate amount of all outstandings under any third-party revolving credit facility agreement (or third party term loan agreement for borrowed money with an original maturity of up to one (1) year) of the Guarantor and any
member of the Group. 
 “Guarantee Agreement” means a guarantee agreement of even date herewith containing the irrevocable
and unconditional guarantee granted by the Guarantor for the benefit of each Finance Party in respect of the punctual performance by the Borrower of all its payment obligations under the Finance Documents (up to the Facility Amount and all interest
and other amounts payable under the Finance Documents to which the Borrower is a party), including an indemnity in relation to repayment claims made in connection with any public allowances or grants
(Investitionszulagen/Investitionszuschüsse). 
 “Guarantor” means Advanced Micro Devices, Inc. 
 “Holding Company” means, in relation to a company or corporation, any other company or corporation in respect of which it is a
Subsidiary. 
 “Information Memorandum” means the information memorandum dated 10 February 2004 concerning the Borrower
and certain members of the Group, prepared by Dresdner Kleinwort Wasserstein using information provided by the Borrower and the Guarantor in relation to the Project, agreed between the Mandated Lead Arrangers and the Borrower, approved by the
Borrower and distributed by Dresdner Kleinwort Wasserstein on behalf of the Mandated Lead Arrangers and the Borrower prior to the Signing Date to the Original Lenders. 
 “Initial Margin” means [***] per cent. per annum. 
 “Insurance
Adviser” means Willis Limited, Aon Risk Services Inc. of Northern California Insurance Services or any person who replaces them as Insurance Adviser from time to time with the consent of the Majority Lenders and the Borrower. 
 “Insurance Proceeds” means the total cash proceeds of any insurance claim intended to compensate for damage to any asset of the Borrower
(excluding proceeds received in respect of insurance claims for (i) interruption of business or (ii) loss of inventory) received by it in EUR (or if not received in EUR, it’s equivalent in EUR based on the Facility Agent’s Spot
Rate of Exchange on the date of receipt), after deducting: 
  

	 	(a)	any reasonable out of pocket costs and expenses incurred by the Borrower or any other member of the Group acting on behalf of the Borrower in relation to such a claim;

  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 11 

	 	(b)	any reasonable costs incurred by the Borrower or any other member of the Group acting on behalf of the Borrower in connection with the adjustment or settlement of any such claim;

  

	 	(c)	the unpaid balance of any Permitted Indebtedness which must be repaid by the seller on such loss (together with any premium, interest, penalties or fees required to be paid in
connection therewith); 

  

	 	(d)	proceeds relating to third party claims which are applied towards meeting such claims; and 

  

	 	(e)	Taxes paid (or reasonably estimated to be payable) by the Borrower or any other member of the Group acting on behalf of the Borrower in respect of such claims.

 “Insurance Report” means the report referred to in paragraph (c) of the definition of
“Report”. 
 “Intellectual Property” means any and all rights and interests existing now or in the future in
any part of the world in or relating to registered and unregistered trade marks and service marks, domain names, patents, registered designs, utility models, trade names, business names, registered or unregistered copyrights in published works,
inventions registered or unregistered, data base rights, know-how, any other intellectual property rights and any applications for any of the foregoing and any goodwill therein. 
 “Intellectual Property Rights” means any rights of an Obligor to Intellectual Property. 
 “Interest Period” means, in relation to a Loan, each period determined in accordance with Clause 9 (Interest Periods) and, in
relation to an Unpaid Sum, each period determined in accordance with Clause 8.6 (Default Interest and Penalty). 
 “Joint
Venture” means any joint venture entity, whether a company, unincorporated firm, undertaking, association, joint venture or partnership or any other entity. 
 “Land Charge” means all documents to be executed by the Borrower required for the creation of a first ranking land charge in chapter III over all real property of the Borrower located at Wilschdorfer
Landstrasse, 01109 Dresden, partial area of approximately 199,000 square meters of the parcel (Flurstück) 121/5 in the communal district Wilschdorf, currently file 851 of the land register at the land registry Dresden for Wilschdorf and
the security purpose agreement (Zweckbestimmungserklärung) in relation to such land charge. 
 “Lender” means:

  

	 	(a)	any Original Lender; and 

  

	 	(b)	any bank, financial institution, trust, fund or other entity which has become a Party in accordance with Clause 22 (Changes to the Lenders), 

 which in each case has not ceased to be a Party in accordance with the terms of this Agreement. 
 “LIBOR” means, in relation to any Loan: 
  

	 	(a)	the applicable Screen Rate; or 

  

 12 

	 	(b)	(if no Screen Rate is available for the currency or Interest Period of that Loan) the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the
Facility Agent at its request quoted by the Reference Banks to leading banks in the London interbank market, 

 as of the
Specified Time on the Quotation Date for the offering of deposits in Dollar for a period comparable to the Interest Period of the Relevant Loan. 
 “Licence Agreement” means the perpetual licence agreement dated on or about the date hereof made amongst the Borrower, the Guarantor and AMD Fab 36 Holding GmbH and listed in Schedule 13 (Project Documents).

 “Limited Partners” means: 
  

	 	(a)	AMD Fab 36 Holding GmbH (a wholly-owned, direct Subsidiary of the Guarantor) with a minimum holding of at least fifty point one (50.1) per cent. of the capital in the Borrower;

  

	 	(b)	AMD Fab 36 Admin GmbH (a wholly-owned, direct Subsidiary of AMD Fab 36 Holding GmbH); 

  

	 	(c)	Leipziger Messe GmbH; and 

  

	 	(d)	Fab 36 Beteiligungs GmbH. 

 “LMA” means
the Loan Market Association. 
 “Loan” means a loan made or to be made by way of a cash advance under the Facility or the
principal amount outstanding for the time being of that loan. 
 “Majority Lenders” means: 
  

	 	(a)	if there are no Outstandings, a Lender or Lenders whose Commitments aggregate more than 66 2/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 66 2/3% of the Total Commitments immediately prior to the reduction); or 

  

	 	(b)	at any other time, a Lender or Lenders whose participations in the Outstandings aggregate more than 66 2/3% of all the Outstandings. 

 “Management
Plan” means each management plan delivered by the Borrower to the Facility Agent pursuant to paragraph (c) of Clause 18.1 (Financial Statements). 
 “Management Service Agreement” means the agreement dated 31 October 2003 made amongst the Borrower, the Guarantor, AMD Saxony Limited Liability Company & Co. KG and AMD Fab 36 Holding
GmbH and listed in Schedule 13 (Project Documents). 
 “Mandatory Cost” means the percentage rate per annum
calculated by the Facility Agent in accordance with Schedule 4 (Mandatory Cost Formula). 
 “Margin” means the
percentage rate per annum determined in accordance with Clause 8.2 (Margin Ratchets) to Clause 8.4 (No Margin Ratchets in Events of Default). 
  

 13 

 “Material Adverse Effect” means a material adverse effect on: 
  

	 	(a)	the business, assets, condition (financial or otherwise) or operation of any Obligor; 

  

	 	(b)	the ability of any Obligor to perform or comply with its obligations under the Finance Documents; or 

  

	 	(c)	the validity, legality or enforceability of the Finance Documents or any rights or remedies of any Finance Party under the Finance Documents (including the perfection or priority of
any material part of any Security created pursuant to the Security Documents). 

 “Material Contracts” means
the documents listed in Schedule 16 (The Material Contracts) as at the date of this Agreement, and any other documents designated as such by the Majority Lenders (acting through the Facility Agent) and the Borrower, and “Material
Contract” means any of them. 
 “Minimum Cash” has the meaning ascribed to such term in Clause 20.18 (Minimum
Cash Balances). 
 “Minimum Reserve Cost” means, in respect of a Lender, any Mandatory Cost, including the cost (if any)
of its complying with any reserve asset, liquidity or other regulatory requirements affecting it, expressed as a percentage rate per annum. 
 “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: 
  

	 	(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)	for the purpose of determining the last day of an Interest Period, 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 (a) to (c) will
only apply to the last Month of any period. 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Net Proceeds” means, in relation to: 
  

	 	(a)	any disposal of an asset by the Borrower, the total Cash or Cash Equivalent proceeds of such disposal in EUR (or if not received in EUR, its equivalent in EUR based on the Facility
Agent’s Spot Rate of Exchange on the date of receipt) received by the Borrower, after deducting: 

  

	 	(i)	any reasonable out of pocket costs and expenses incurred by the Borrower in respect of such disposal; 

  

 14 

	 	(ii)	the unpaid balance on the date of such disposal of any Permitted Indebtedness which must be repaid by the Borrower on such disposal (together with any premium, interest, penalties
or fees required to be paid in connection therewith); and 

  

	 	(iii)	Taxes paid (or reasonably estimated to be payable) in connection with such disposal; and/or 

  

	 	(b)	any Debt Issue or any Equity Issue, the total Cash or Cash Equivalent proceeds of such Debt Issue or any Equity Issue received by the Borrower, after deducting:

  

	 	(i)	any reasonable out of pocket costs and expenses incurred by the Borrower in respect of such issue (including underwriting discounts and commissions and other reasonable costs and
expenses associated therewith, including reasonable legal fees and expenses); and 

  

	 	(ii)	Taxes paid (or reasonably estimated to be payable) by the Borrower in connection with such issue. 

 “Net Profits” means the annual profits, net of Tax paid as permitted by paragraph (a) of the definition of “Permitted
Distributions”, of the Limited Partners who are not members of the Group on their partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations. 
 “Obligor” means the Borrower or the Guarantor. 
 “Original Lender” means any of the financial institutions listed in Schedule 1 (The Original Lenders). 
 “Outstandings” means, at any time, the sum of the EUR Outstandings and, converted for that purpose into EUR at the Facility Agent’s Spot Rate of Exchange at the relevant time, the USD
Outstandings (which amounts will also include, without double-counting, any sums deposited into the Escrow Account). 
 “Participating
Member State” means any member state of the European Communities that adopts or has adopted the EUR as its lawful currency in accordance with legislation of the European Union relating to European Monetary Union. 
 “Participation” means each of the interests of the silent partners in the silent participation (stille Gesellschaft) between the
Borrower and the Limited Partners who are not members of the Group. 
 “Participation Agreement” means the agreement
(Vertrag über die Errichtung einer stillen Gesellschaft) dated on or about the date hereof made between the Borrower and Limited Partners who are not members of the Group establishing the Participation. 
 “Partnership Agreement” means the partnership agreement (Kommanditgesellschaftsvertrag) of the Borrower dated on or about the date
hereof. 
 “Partnership Interest Pledges” means the agreements providing for first ranking pledges over the partner or equity
interests (Gesellschaftsanteile) in the partnership of the Borrower granted by: 
  

	 	(a)	AMD Fab 36 Holding GmbH dated 20 April 2004; 

  

 15 

	 	(b)	AMD Fab 36 Admin GmbH dated 20 April 2004; 

  

	 	(c)	the General Partner dated 20 April 2004; and 

  

	 	(d)	the Second General Partner dated 20 April 2004, 

 relating to all present and future partnership interests held by such partners. 
 “Party” means a party to this
Agreement and includes its successors in title, permitted assigns and permitted transferees. 
 “Permitted Business” means,
in relation to the Borrower, the development, implementation and operation of the Project, together with any activity which is ancillary or incidental to any of the above. 
 “Permitted Disposal” means: 
  

	 	(a)	disposals made on arm’s length terms in the ordinary course of trading of the disposing entity; 

  

	 	(b)	disposals of assets exchanged for or replaced by other assets comparable or superior as to type, value and quality; 

  

	 	(c)	disposals on arm’s length terms of any surplus or obsolete or worn-out assets which in the reasonable opinion of the Borrower are not required for the efficient operation of
the business of the Borrower; 

  

	 	(d)	use of cash where such use is not otherwise prohibited by the Finance Documents; 

  

	 	(e)	disposals constituted by the creation of any Permitted Security; 

  

	 	(f)	disposals where the proceeds are applied in accordance with the terms of Clause 7.2 (Mandatory Prepayment from Asset Disposals); or 

  

	 	(g)	disposals, other than any permitted under paragraphs (a) to (f) above, where the higher of the book value or the consideration received (when aggregated with the higher of
the book value or the consideration received for any other sale, lease, transfer or other disposal falling within this paragraph (g)) does not exceed twenty-five million (25,000,000) EUR (or its equivalent in another currency or currencies at
the date of such disposal) in any financial year. 

 “Permitted Distributions” means: 
  

	 	(a)	provided that no: 

  

	 	(i)	Default has occurred (only to the extent that the occurrence of such Default is not dependent on a determination under any of the Finance Documents); or 

  

	 	(ii)	Event of Default has occurred, 

 and is continuing (unless
otherwise determined by the Majority Lenders), (A) distributions by the Borrower in amounts necessary to permit the Limited Partners, or any Holding Company of the Limited Partners on their behalf, to pay when due 
  

 16 

 and payable any amount of German income taxes required to be paid by the Limited Partners on their
income on the annual profits of the partnership as partners of the Borrower and on the annual profits from the Participations and (B) provided that the Credit Rating at the date of such distribution is B3 or better by Moody’s and B- or
better by Standard & Poor’s, distributions (by way of dividends, repurchase, redemption or otherwise) by the Borrower to AMD Fab 36 Holding GmbH or any Holding Company or Affiliate thereof on its behalf, in amounts not exceeding, in
the aggregate, the Excess Contributed Capital Amount other than Excess Contributed Capital Amounts which have been made available pursuant to paragraph (b) (iv) below; 
  

	 	(b)	provided that no Default or Event of Default has occurred and is continuing (unless otherwise determined by the Majority Lenders): 

  

	 	(iii)	distributions to Limited Partners who are not members of the Group of: 

  

	 	(A)	annual profits from their partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower; and 

  

	 	(B)	annual profits or interest on the Participations, 

 in an
amount not exceeding thirteen (13) per cent. per annum of their respective capital shares (Pflichtkapital) or capital contributions made in respect of the Participations, respectively; provided that, the Credit
Rating is Caa1 or better by Moody’s and CCC+ or better by Standard & Poor’s; 
  

	 	(iv)	payments of principal under the Revolving Credit Agreement made in compliance with the provisions of the Subordination Agreement, any payment in accordance therewith being subject
to a Credit Rating at the date of such payment of B3 or better by Moody’s and B- or better by Standard & Poor’s, or other relevant payments permitted under the Subordination Agreement; 

  

	 	(v)	payments made to the General Partner and the Second General Partner in an aggregate amount of up to the equivalent of USD75,000 per annum (plus applicable VAT); and

  

	 	(vi)	repayments of partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations, and distribution of Net Profits converted into equity,
made in accordance with the Partnership Agreement, the Participation Agreement, the Purchase Agreements and the Federal/State Guarantor Decision to Leipziger Messe GmbH and/or Fab 36 Beteiligungs GmbH 

  

	 	(aa)	in any amount up to the excess, if any, of Cash and Cash Equivalents over the sum of: 

  

	 	(aaa)	the Minimum Cash (if and to the extent required); 

  

	 	(bbb)	amounts held in the Escrow Account; 

  

	 	(ccc)	outstandings under the Revolving Credit Agreement, if any; 

  

 17 

	 	(ddd)	prepayments made under the Cost Plus Reimbursement Agreement (this does not apply to prepayments made when due under the Cost Plus Reimbursement Agreement); and

  

	 	(eee)	EUR100,000,000, 

 provided that, the Outstandings
and Total Commitments under this Agreement are EUR250,000,000 or less; or 
  

	 	(bb)	after 31 December 2005, in amounts provided concurrently by the Guarantor under a Subordinated Loan Agreement or contributed by means of Excess Contributed Capital Amounts.

 “Permitted Indebtedness” means any Financial Indebtedness: 
  

	 	(a)	arising under or permitted pursuant to the Finance Documents or Project Documents; 

  

	 	(b)	to the extent that such Financial Indebtedness is subordinated on terms acceptable to the Majority Lenders (acting reasonably) or pursuant to the Subordination Agreement;

  

	 	(c)	other indebtedness arising under any Existing Indebtedness, provided that such Financial Indebtedness and/or indebtedness is repaid or prepaid before the date of initial
Utilisation; 

  

	 	(d)	arising under the Revolving Credit Agreement or a Subordinated Loan Agreement; 

  

	 	(e)	arising under and permitted by Clause 20.25 (Treasury Transactions); 

  

	 	(f)	to which the Majority Lenders shall have given their prior written consent; 

  

	 	(g)	in respect of current accounts payable and accrued expenses incurred in the ordinary course of business; 

  

	 	(h)	from the first Utilisation Date, incurred for leasing arrangements over assets in the ordinary course of business in an aggregate amount not exceeding in each case:

  

	 	(i)	twenty-five million (25,000,000) EUR up to and including 31 December 2007; 

  

	 	(ii)	fifty million (50,000,000) EUR up to and including 31 December 2008; and 

  

	 	(iii)	seventy-five million (75,000,000) EUR thereafter; 

  

	 	(i)	without double counting, arising under any guarantee or indemnity referred to in paragraph (b) of the definition of “Permitted Loans and Guarantees”; or

  

	 	(j)	not falling within paragraphs (a) to (i) above provided that the aggregate amount of Financial Indebtedness, performance bonds, surety bonds and contingent obligations
incurred in the ordinary course of business by the Borrower falling within this paragraph (j) does not exceed ten million (10,000,000) EUR (or its equivalent in another currency or currencies on the date it was incurred) at any time.

  

 18 

 “Permitted Loans and Guarantees” means: 
  

	 	(a)	any loan, credit or other financial accommodation arising under or permitted pursuant to the Transaction Documents; and 

  

	 	(b)	any guarantee or indemnity given by the Borrower in the ordinary course of business in respect of indebtedness or Financial Indebtedness pursuant to paragraphs (c), (e) (to the
extent not exceeding the ten million (10,000,000) EUR limit set out in paragraph (j), of the definition of “Permitted Indebtedness”) or (g), or any performance bonds, surety bonds or contingent obligations pursuant to paragraph
(j), of the definition of “Permitted Indebtedness” with a term not exceeding the due date of any such indebtedness or Financial Indebtedness, performance bonds, surety bonds or contingent obligations, as applicable.

 “Permitted Security” means: 
  

	 	(a)	any of the Security created pursuant to the Security Documents together with such other Security as the Facility Agent may by notice to the Borrower pursuant to this Agreement or a
Security Document demand that the Borrower provides for all or any part of its obligations under the Finance Documents; 

  

	 	(b)	any Existing Security, provided that such Security is released before the date of initial Utilisation; 

  

	 	(c)	any Security arising by operation of law and in the ordinary course of trading, provided that any such Security is discharged within twenty (20) days after having
arisen; 

  

	 	(d)	any Security imposed by court order, other than one applied for by the Borrower, provided that the amounts secured thereunder relate to: 

  

	 	(i)	overdue amounts; and 

  

	 	(ii)	for which the Borrower contests in good faith; 

  

	 	(e)	any retention of title arrangement entered into by the Borrower in the normal course of its trading activities on the counterparty’s standard or usual terms to the extent that
such terms are customary; 

  

	 	(f)	any Security over or affecting any asset acquired by the Borrower after the date of this Agreement if: 

  

	 	(i)	the Security was not created in contemplation of the acquisition of that asset by it; 

  

	 	(ii)	the principal amount secured has not been increased in contemplation of or since the acquisition of that asset by it; and 

  

	 	(iii)	the Security is removed or discharged within two (2) months of the date of acquisition of such asset; 

  

	 	(g)	any pledge over a deposit or any guarantee (up to an aggregate amount not exceeding five (5) per cent. of the guaranteed maximum price under the EPC Contract) to
collateralise the Borrower’s obligations under the EPC Contract; provided that, the Security Agent benefits from a second-ranking pledge over such deposit or from a similar second ranking security interest; and 

 

 19 

	 	(h)	any Security created in relation to any indebtedness permitted pursuant to paragraph (j) of the definition of “Permitted Indebtedness”.

 “Prime Bank” means a financial institution with a rating of not lower than A3 (Moody’s Investor
Services, Inc.) or A- (Standard & Poor’s Corporation). 
 “Project” means the construction and operation of a
300mm silicon wafer microprocessor fabrication facility located at Wilschdorfer Landstrasse, 01109 Dresden to be owned and operated by the Borrower with a planned total capital expenditure (including, without limitation, construction costs) by
31 December 2007 of approximately two billion, four hundred million (2,400,000,000) EUR. 
 “Project Documents”
means the documents listed in Schedule 13 (The Project Documents) as at the Signing Date, and any other documents entered into by either Obligor that are not Finance Documents, are required in relation to the Project and are designated as
such by the Facility Agent and the Borrower, and “Project Document” means any of them. 
 “Project Engineer”
means M+W Zander Facility Engineering GmbH or any person who replaces them as Project Engineer from time to time with the consent of the Majority Lenders and the Borrower. 
 “Project Works” means the design, development and construction of the Project at the Site and any other works contemplated in the Project Documents in relation to the Project. 
 “Purchase Agreements” means the purchase agreement dated on or about the date hereof made between Leipziger Messe GmbH, Fab 36
Beteiligungs GmbH, AMD Fab 36 Holding GmbH, AMD Fab 36 Admin GmbH and Advanced Micro Devices, Inc., concerning the partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower (“Kaufvertrag über
Kommanditgesellschaftsanteile”) and the purchase agreement dated on or about the date hereof made between Leipziger Messe GmbH, Fab 36 Beteiligungs GmbH, AMD Fab 36 Holding GmbH, AMD Fab 36 Admin GmbH, Advanced Micro Devices, Inc. and the
Borrower concerning the Participations of the Limited Partners who are not members of the Group (“Kaufvertrag über stille Beteiligungen”). 
 “Qualifying Lender” means in respect of any payment by the Borrower or the Guarantor which is capable of attracting a Tax Deduction (as defined in Clause 12.1 (Definitions)), a Lender which is
beneficially entitled to a payment of interest under a Finance Document and which is both a German Qualifying Lender and a US Qualifying Lender. 
 “Quarter Date” means the last day of each Fiscal Quarter. 
 “Quotation Date” means, in relation to
any period for which an interest rate is to be determined, (i) (if the currency is Euro) two TARGET Days before the first day of that period and (ii) (if the currency is Dollar) two Business Days before the first day of that period, in
each case unless market practice differs in the European interbank market (or if the currency is Dollar, in the London interbank market), in which case the Quotation Day will be determined by the Facility Agent in accordance with market practice in
the relevant interbank market (and if quotations would normally be given by leading banks in the relevant interbank market on more than one day, the Quotation Day will be the last of those days). 
  

 20 

 “Real Estate Appraiser” means Angermann & Lüders GmbH & Co. KG or
any person who replaces them as Real Estate Appraiser from time to time with the consent of the Majority Lenders and the Borrower. 
 “Reference Banks” means Commerzbank Aktiengesellschaft, Deutsche Bank Luxembourg S.A. and Dresdner Bank AG and the principal offices of such other banks as may be appointed by the Facility Agent in consultation with the
Borrower. 
 “Relevant Invoice” means, in relation to a Utilisation Request, each invoice in relation to which that
Utilisation Request has been given, as identified in such Utilisation Request and relating to the purchase of Equipment and the payment of costs for Services incurred by the Borrower for the purposes of implementing the Project (in accordance with
the Business Plan). 
 “Relevant Period” has the meaning given to it in Clause 19.1 (Financial Definitions).

 “Repayment Date” means each of the dates specified in the table in Clause 6.1 (Repayment of the Loans). 

“Repayment Instalment” means, in relation to each Repayment Date, the amount by which the aggregate principal amount of the EUR
Outstandings and the USD Outstandings is to be reduced on that Repayment Date in accordance with paragraph (a) of Clause 6.1 (Repayment of the Loans), as reduced, if applicable, in accordance with Clause 7.1 (Illegality) to Clause
7.4 (Mandatory Prepayment from the Escrow Account) (inclusive), or Clause 7.7 (Voluntary Prepayment of the Loans) to 7.10 (Right of Repayment and Cancellation in Particular Circumstances) (inclusive). 
 “Repeating Representations” means each of the representations set out in Clause 17.2 (Status) to Clause 17.8 (Governing Law and
Enforcement) (inclusive), Clause 17.11 (No Default) to Clause 17.23 (No Security) (inclusive) and Clause 17.27 (Management Plans) to Clause 17.31 (Compliance with Laws and Regulations) (inclusive). 
 “Reports” means: 
  

	 	(a)	the report of the Technical Appraiser dated 26 September 2003 concerning the projected fair market value of the Equipment; 

  

	 	(b)	the report of Arthur D. Little dated 4 November 2003 concerning Project costs, feasibility, state of technology and realisation; 

  

	 	(c)	the report of Willis Limited dated 5 April 2004 confirming that the contemplated insurance cover for the business and assets of the Borrower is sufficient, and the report of
Aon Risk Services Inc. of Northern California Insurance Services dated 21 August 2006 setting out the insurance cover for the business and assets of the Borrower in accordance with the requirements of Schedule 17 (Required Insurance);

  

	 	(d)	the market research report from Gartner Dataquest, Inc. dated 8 August 2003; and 

  

	 	(e)	the report of the Real Estate Appraiser dated 10 September 2003 concerning the real estate/property and site of the Borrower, 

  

 21 

 each such Report, other than that set out in paragraph (d) above, being addressed to, or permitted
to be relied upon by, the Finance Parties, and “Report” shall be construed accordingly. 
 “Required
Insurance” means the insurance cover under the policies taken out pursuant to the contracts set out in Schedule 17 (Required Insurance). 
 “Revolving Credit Agreement” means the revolving credit agreement in an amount of EUR 750,000,000 dated 21 April 2004 made between the Guarantor and the Borrower. 
 “Screen Rate” means: 
  

	 	(a)	in relation to EURIBOR, the percentage rate per annum determined by the Banking Federation of the European Union for the relevant period, and 

  

	 	(b)	in relation to LIBOR, the British Bankers’ Association Interest Settlement Rate for the relevant currency and period, 

 displayed on the appropriate page of the Telerate screen. If the agreed page is replaced or service ceases to be available, the Facility Agent may specify
another page or service displaying the appropriate rate after consultation with the Borrower and the Lenders. 
 “Second General
Partner” means LM Beteiligungsgesellschaft mbH. 
 “SEC” means the United States Securities and Exchange Commission
or other successor United States governmental authority. 
 “Security” means a mortgage, charge, pledge, lien or other
security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. 
 “Security
Agency Agreement” means the security agency agreement to be made between the Borrower, the Guarantor, the General Partner, the Second General Partner, AMD Fab 36 Admin GmbH, AMD Fab 36 Holding GmbH and the Finance Parties, in the form set
out in Schedule 10 (Form of Security Agency Agreement). 
 “Security Assignment” means the assignment agreements dated
20 April 2004 providing for the assignment to the Security Agent of the fixed and current assets of the Borrower. 
  

	 	“Security	Documents” means: 

  

	 	(a)	the Guarantee Agreement; 

  

	 	(b)	the Federal/State Guarantee; 

  

	 	(c)	the Partnership Interest Pledges; 

  

	 	(d)	the Share Pledges; 

  

	 	(e)	the Land Charge; 

  

	 	(f)	the Security Assignment; 

  

	 	(g)	the Assignments of Receivables; 

  

 22 

	 	(h)	the Global Assignment of Receivables; 

  

	 	(i)	the Assignment of Warranties; 

  

	 	(j)	the Assignment of Material German Contracts; 

  

	 	(k)	the Assignment of Material US Contracts; 

  

	 	(l)	the Assignment of Insurance Claims; 

  

	 	(m)	the Account Pledges; 

  

	 	(n)	the Assignments of Claims; 

  

	 	(o)	the Call Option; 

  

	 	(p)	the Assignment of the AMD Call Options; 

  

	 	(q)	the Subordination Agreement; 

  

	 	(r)	the Security Agency Agreement; and 

  

	 	(s)	any other document evidencing or creating Security over any asset of the Borrower to secure any obligation of the Borrower to a Finance Party under the Finance Documents or any of
them. 

 “Security Providers” means the Federal/State Guarantors and the Obligors (or Subsidiaries of the
Obligors), and “Security Provider” means any of them. 
 “Selection Notice” means a notice substantially in
the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods). 
 “Services” means the installation and commissioning of the Equipment and any additional building and installation services associated therewith. 
 “Share Pledges” means the following agreements providing for first ranking pledges over: 
  

	 	(a)	the shares of AMD Fab 36 Holding GmbH dated 20 April 2004; 

  

	 	(b)	the shares of AMD Fab 36 Admin GmbH dated 20 April 2004; 

  

	 	(c)	the limited liability interests of the General Partner dated 20 April 2004; and 

  

	 	(d)	the shares of the Second General Partner dated 20 April 2004, 

 relating to all present and future shares held by such partners. 
 “Signing Date” means the date of this Agreement.

 “Site” means the real property purchased and buildings to be erected at Wilschdorfer Landstrasse, 01109 Dresden in
relation to the Project. 
 “Specified Time” means a time determined in accordance with Schedule 9 (Timetables).

  

 23 

 “Standard & Poor’s” means Standard & Poor’s Corporation.

 “Subordinated Loan” means any loan made to, or debt instrument issued by, the Borrower, under a Subordinated Loan
Agreement, the Revolving Credit Agreement or any other document or instrument, which is subordinated to the rights and claims of the Finance Parties in accordance with the Subordination Agreement. 
 “Subordinated Loan Agreement” means any agreement pursuant to which the Guarantor provides a subordinated loan to the Borrower, which
subordinated loan will be subject to the restrictions imposed by Clause 20.20 (Subordinated Loans) and Clause 20.21 (Distributions). 
 “Subordination Agreement” means the subordination agreement made amongst, inter alia, the Borrower, the Guarantor, the General Partner, the Second General Partner, the Limited Partners and the Finance Parties in
relation to the equity and subordinated debt of the Borrower and other claims of the Affiliates of the Borrower in the form set out in Schedule 11 (Form of Subordination Agreement). 
 “Subsidiary” means, in relation to any company, corporation or partnership: 
  

	 	(a)	a company, corporation or partnership which is “controlled”, directly or indirectly, by and therefore is a “dependent
enterprise”(abhängiges Unternehmen) of the first mentioned company, partnership or corporation, in the case of the latter, within the meaning of Sec. 17 Stock Corporation Act (Aktiengesetz), or which is a
“subsidiary” (Tochterunternehmen) within the meaning of Sec. 290 Commercial Code (Handelsgesetzbuch) of such company, corporation or partnership; 

  

	 	(b)	a company, corporation or partnership more than half of the issued share capital of which is beneficially owned, directly or indirectly, by the first mentioned company, corporation
or partnership or more than half of the dividend of which is declared from time to time by the first mentioned company; 

  

	 	(c)	a partnership in which: 

  

	 	(i)	there is a participation of more than fifty (50) per cent. in the assets of such partnership by the first mentioned company, corporation or partnership; or

  

	 	(ii)	the first mentioned company, corporation or partnership has the power to (A) cast, or control the casting of, more than fifty (50) per cent. of the maximum number
of votes that might be cast at a general meeting, (B) appoint or remove all, or the majority of, the directors or other equivalent officers, or (C) give directions with respect to the operating and financial policies which the directors or
other equivalent officers thereof are obliged to comply with; or 

  

	 	(d)	in the case of a limited partnership, a partnership in which the general partner has control and the first mentioned company, corporation or partnership has control of the general
partner, 

 and, for this purpose, a company, corporation or partnership shall be treated as being controlled by another if that
other company, corporation or partnership is able to direct its affairs and/or to control the composition of its board of directors or equivalent body. 
  

 24 

 “Subsidy Agreement” means any agreement made by the Borrower or any administrative
decision (Bescheid) addressed to the Borrower in relation to grants and/or allowances (Investitionszulagen/Investitionszuschüsse) in connection with the Project and any statutory or other obligations imposed on the Borrower
associated therewith. 
 “TARGET” means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

 “TARGET Day” means any day on which TARGET is open for the settlement of payments in EUR. 
 “Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in
connection with any failure to pay or any delay in paying any of the same). 
 “Technical Adviser” means Fraunhofer Institut
Siliziumtechnologie (ISIT), Fraunhoferstraße 1, 25524 Itzehoe, or any person who replaces them as Technical Adviser from time to time with the consent of the Majority Lenders and the Borrower. 
 “Technical Appraiser” means Emerald Technology Valuations LLC or any person who replaces them as Technical Appraiser from time to time
with the consent of the Majority Lenders and the Borrower. 
 “Technical Completion” means attainment of the following:

  

	 	(a)	a certificate issued by the Technical Adviser confirming that the Borrower has in place a wafer fabrication process that is suitable for 300mm, high volume production of advanced,
competitive microprocessors; 

  

	 	(b)	a certificate issued by the Technical Adviser confirming that the Borrower has achieved a minimum of 325 wafer starts per week on average over a period of four (4) consecutive
weeks (the “Average WSPW”), and a seventy-five (75) per cent. average process yield over the same period of four (4) consecutive weeks (the “Average Yield”); and 

  

	 	(c)	cumulative capital expenditures (less write-offs for technically obsolete or unsuitable equipment) of the Borrower greater or equal to one billion (1,000,000,000) EUR, as
confirmed by the Auditors. 

 “Termination Date” means 31 March 2011. 
 “Total Commitments” means the aggregate of the Commitments, being seven hundred million (700,000,000) EUR at the Signing Date.

 “Transaction Documents” means the Finance Documents and the Project Documents and any other document designated as such by
the Facility Agent and the Borrower and “Transaction Document” means any of them. 
 “Transaction Security”
means any Security for all or any part of the obligations of the Borrower under the Finance Documents or any of them expressed to be created by or pursuant to, or to be evidenced in, the Security Documents or any of them. 
  

 25 

 “Transfer Certificate” means a certificate substantially in one of the forms set out in
Schedule 5 (Form of Transfer Certificates) or any other form agreed between the Facility Agent and the Borrower. 
 “Transfer
Date” means, in relation to a transfer, the later of: 
  

	 	(a)	the proposed Transfer Date specified in the Transfer Certificate; and 

  

	 	(b)	the date on which the Facility Agent executes the Transfer Certificate. 

 “Treasury Transaction” means any currency or interest purchase, cap or collar agreement, forward rate agreement, interest rate or currency future or option contract, foreign exchange or currency
purchase or sale agreement, interest rate swap, currency swap or combined interest rate and currency swap agreement and any other similar agreement. 
 “Treaties” means the German Treaty and the US Treaty, and “Treaty” means any of them. 
 “Treaty State” means a jurisdiction having both a German Treaty and a US Treaty. 
 “Unpaid Sum”
means any sum due and payable but unpaid by the Borrower under the Finance Documents. 
 “US GAAP” means generally accepted
accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), as applicable. 
 “USD Outstandings” means, at any time, the aggregate of the outstanding Loans denominated in USD. 
 “US
Qualifying Lender” means: 
  

	 	(a)	a Lender incorporated under the laws of the United States or any political sub-division thereof, but only if the Lender is entitled to receive any and all payments under the Finance
Documents (subject to completion of any procedural formalities) without a Tax Deduction; or 

  

	 	(b)	a US Treaty Lender. 

 “US Treaty” means a
double taxation agreement with the United States which makes provision for full exemption of tax imposed by the United States on interest. 
 “US Treaty Lender” means a Lender which: 
  

	 	(a)	is treated as a resident of a US Treaty State for the purposes of the US Treaty; 

  

	 	(b)	does not carry on business in the United States through a permanent establishment with which that Lender’s participation in a Loan is effectively connected; and

  

	 	(c)	is entitled under the US Treaty (subject to the completion of any necessary procedural formalities) to receive any and all payments under the Finance Documents without a Tax
Deduction (as defined in Clause 12.1 (Definitions). 

  

 26 

 “US Treaty State” means a jurisdiction to which a US Treaty applies. 
 “Utilisation” means a utilisation of the Facility. 
 “Utilisation Date” means the date of a Utilisation, being the date on which the relevant Loan is made or to be made. 
 “Utilisation Request” means a notice substantially in the form set out in Part I of Schedule 3 (Requests). 
 “VAT” means value added tax and any other tax of a similar nature. 
  

	1.2	Interpretation 

  

	 	(a)	Any reference in this Agreement to: 

  

	 	(i)	assets” includes present and future properties, revenues and rights of every description; 

  

	 	(ii)	the “Facility Agent”, any “Mandated Lead Arranger”, the “Reporting Agent”, the “Security Agent”, any
“Finance Party”, any “Lender”, any “Obligor” or any “Party” shall be construed so as to include its successors in title, permitted assigns and permitted transferees;

  

	 	(iii)	“Dresdner Kleinwort “ is a reference to Dresdner Kleinwort, the investment banking division of Dresdner Bank AG; 

  

	 	(iv)	the “European interbank market” means the interbank market for EUR operating in Participating Member States; 

  

	 	(v)	a “Finance Document” or any other agreement or instrument is a reference to that Finance Document or other agreement or instrument as amended, supplemented,
modified, renewed, extended, restated or novated; 

  

	 	(vi)	“indebtedness” includes any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or
contingent; 

  

	 	(vii)	a “person” includes any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having
separate legal personality) or two or more of the foregoing; 

  

	 	(viii)	a “regulation” includes any regulation, rule, official directive, request or guideline (whether or not having the force of law) of any governmental,
intergovernmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation; 

  

	 	(ix)	a provision of law is a reference to that provision as amended or re-enacted; and 

  

	 	(x)	unless a contrary indication appears, a time of day is a reference to Frankfurt am Main time. 

  

	 	(b)	Section, Clause and Schedule headings are for ease of reference only. 

  

 27 

	 	(c)	Unless a contrary indication appears, a term used in any other Finance Document or in any notice given under or in connection with any Finance Document has the same meaning in that
Finance Document or notice as in this Agreement. 

  

	 	(d)	If there is any conflict between this Agreement and any other Finance Document, the provisions of this Agreement will prevail. 

  

	 	(e)	A Default (other than an Event of Default) is “continuing” if it has not been remedied or waived and an Event of Default is “continuing” if it has
not been remedied or waived. 

  

	1.3	Currency definitions 

 In this Agreement:

  

	 	(a)	“EUR” and “Euro” denote the single currency of the Participating Member States; 

  

	 	(b)	“USD” and “Dollar” denote the lawful currency of the United States; and 

  

	 	(c)	“GBP” and “Sterling” denote the lawful currency of the United Kingdom. 

  

 28 

 SECTION 2 
 THE FACILITY 
  

	2.	THE FACILITY 

  

	2.1	The Facility 

 Subject to the terms of this
Agreement, the Lenders make available to the Borrower a term loan facility to be utilised in either EUR or USD in an aggregate amount the Base Currency Amount of which is equal to the Total Commitments. 
  

	2.2	Finance Parties’ Rights and Obligations 

  

	 	(a)	The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the
obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 

  

	 	(b)	The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance
Party from an Obligor shall be a separate and independent debt. The creation of jointly held assets (Gesamthandsvermögen) is excluded. 

  

	 	(c)	A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents. 

  

	3.	PURPOSE 

 The Borrower shall: 
  

	 	(a)	by way of Utilisations during the Availability Period; and/or 

  

	 	(b)	for up to a twelve (12) Month period after the expiry of the Availability Period, by way of cash withdrawals from the Escrow Account, 

 apply all amounts borrowed by it under the Facility in or towards the payment of the Relevant Invoices (unless the Utilisation(s) are made for the
purposes of being deposited into the Escrow Account). 
  

	4.	CONDITIONS OF UTILISATION 

  

	4.1	Initial Conditions Precedent 

 The Borrower will
ensure that within five (5) Business Days of the Signing Date, the Facility Agent will have received all of the documents and other evidence listed in Part I (Initial Conditions Precedent) of Schedule 2 (Conditions Precedent) in
form and substance satisfactory to the Facility Agent. The Facility Agent shall notify the Borrower and the Lenders promptly upon being so satisfied. 
  

 29 

	4.2	Conditions Precedent to First Utilisation 

  

	 	(a)	The Borrower may not deliver the first Utilisation Request unless the Facility Agent has received all of the documents and other evidence listed in Part II (Conditions Precedent
to First Utilisation) of Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Facility Agent. The Facility Agent shall notify the Borrower and the Lenders promptly upon being so satisfied. 

 

	 	(b)	Unless the Borrower is also able to satisfy the requirements of paragraph (a) of Part III (Further Conditions Precedent) of Schedule 2 (Conditions Precedent), it
may only deliver the first Utilisation Request in respect of a Base Currency Amount of no more than four hundred million (400,000,000) EUR. 

  

	4.3	Further Conditions Precedent 

 The Lenders will only
be obliged to comply with Clause 5.4 (Lenders’ Participation) if on the date of any further Utilisation Request and on the proposed Utilisation Date, and the Facility Agent will only be obliged to permit a withdrawal from the Escrow
Account (other than as required for investments in permitted Cash Equivalents) if on the date of a request for such withdrawal and on the date of such withdrawal: 
  

	 	(a)	the Facility Agent has received all of the documents and other evidence required by Part III (Further Conditions Precedent) of Schedule 2 (Conditions Precedent), to
the extent applicable, in form and substance satisfactory to the Facility Agent; 

  

	 	(b)	the sum of the (i) Base Currency Amount of the proposed Utilisation, (ii) the total EUR Outstandings and (iii) the total USD Outstandings (converted for that purpose
into EUR at the Facility Agent’s Spot Rate of Exchange on the date falling four (4) Business Days before the proposed Utilisation Date or, if later, the date on which the relevant Utilisation Request is submitted to the Facility Agent) of
all prior Utilisations does not exceed seven hundred million (700,000,000) EUR (less the amount of any prepayments or cancellations); 

  

	 	(c)	no Default is continuing or would result from the proposed Loan; and 

  

	 	(d)	the Repeating Representations made or deemed to be made are true, accurate and correct in all material respects as of such date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true, accurate and correct in all material respects on the date originally made or deemed to be made. 

  

	4.4	Maximum Number of Loans 

  

	 	(a)	The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation more than twenty (20) Loans would be outstanding. 

  

	 	(b)	The Borrower may not deliver more than two (2) Utilisation Request in any single Month. 

  

	 	(c)	The Borrower may not request that a Loan be divided if, as a result of the proposed division, there would be outstanding more Loans than provided for in paragraph (a) above.

  

 30 

 SECTION 3 
 UTILISATION 
  

	5.	UTILISATION 

  

	5.1	Delivery of a Utilisation Request 

 The Borrower may
utilise the Facility by delivery to the Facility Agent of a duly completed Utilisation Request not later than at the Specified Time. 
  

	5.2	Completion of a Utilisation Request 

  

	 	(a)	Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: 

  

	 	(i)	the proposed Utilisation Date is a Business Day within the Availability Period; however, on or before the expiry of the Availability Period, any portion or all of the undrawn
Commitments may, at the option of the Borrower, either be: 

  

	 	(A)	drawn down and deposited into the Escrow Account for future application solely towards the purpose set out in Clause 3 (Purpose); or 

  

	 	(B)	cancelled; 

  

	 	(ii)	the currency and amount of the Utilisation comply with Clause 5.3 (Currency and Amount); 

  

	 	(iii)	the proposed Interest Period complies with Clause 9 (Interest Periods); and 

  

	 	(iv)	it provides payment instructions. 

  

	 	(b)	Only one Loan may be requested in each Utilisation Request. 

  

	5.3	Currency and Amount 

  

	 	(a)	The currency specified in a Utilisation Request must be EUR or USD. 

  

	 	(b)	The amount of the proposed Loan must be an amount that is not more than that of the Available Facility and which is a minimum of seven and one half million (7,500,000) EUR (or
ten million (10,000,000) USD if the currency selected is USD) and is an integral multiple of two and one half million (2,500,000) EUR (or five million (5,000,000) USD if the currency selected is USD) or, if less, the Available
Facility (in case the currency specified in the Utilisation Request is USD, to be determined on the basis of the Facility Agent’s Spot Rate of Exchange on the date falling four (4) Business Days before the proposed Utilisation Date), and
in any event such that its Base Currency Amount is less or equal to the Available Facility. 

  

 31 

	5.4	Lenders’ Participation 

  

	 	(a)	If the conditions set out in this Agreement have been met each Lender shall make its participation in each Loan available by the Utilisation Date through its Facility Office.

  

	 	(b)	The amount of each Lender’s participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to the
making of such Loan. 

  

	 	(c)	The Facility Agent shall determine the Base Currency Amount of each Loan which is to be made in USD and notify each Lender of the amount, currency and the Base Currency Amount of
each Loan and the amount of its participation in that Loan, in each case by the Specified Time. 

  

	5.5	Cancellation of the Facility 

 If, prior to the date
on which it receives a Utilisation Request, the Facility Agent receives a notice of cancellation of the whole or part of the Available Facility which is to take effect under Clause 7.8 (Voluntary Cancellation) on a date falling on or
after such date (but before the Loan requested in that Utilisation Request has been made), such Available Facility shall be treated, for the purpose of Clause 5.3 (Currency and Amount), as if it had already been reduced by the amount of
such cancellation (as specified in such notice). Nothing in this Clause 5.5 shall be treated as reducing any Lender’s Available Commitment under the Facility for the purposes of Clause 11.1 (Commitment Fee) prior to the date on
which such cancellation would otherwise take effect pursuant to such cancellation notice. 
  

	5.6	Cancellation of a Lender’s Commitment 

 If a
Lender’s Commitment is cancelled under Clause 7.1 (Illegality) or Clause 7.10 (Right of Repayment and Cancellation in Particular Circumstances) after the Facility Agent has received a Utilisation Request but before the Loan
requested in that Utilisation Request has been made, then, unless the commitment to advance an amount equal to the proportion which such Lender’s Commitment bore to the Total Commitments immediately prior to such cancellation taking effect (the
“Affected/Subject Lender’s Proportion”) is assumed by, either: 
  

	 	(a)	another Lender or other Lenders, to the extent not exceeding such Lender’s or Lenders’ Available Commitment; or 

  

	 	(b)	an Eligible Transferee (as defined in and in accordance with Clause 7.1 (Illegality) or Clause 7.10 (Right of Repayment and Cancellation in Particular Circumstances),
as the case may be) procured by the Borrower, 

 within one (1) day of receipt of such Utilisation Request, that Loan shall
be reduced by the amount of the Affected/Subject Lender’s Proportion. 
  

 32 

	5.7	Selection of Currency 

 The Borrower shall select
the currency of a Loan in a Utilisation Request. A selection of USD as the currency for a Loan is not possible when 
  

	 	(a)	at the time of the selection, the Group Consolidated Cash, as shown in the most recent financial statements and certificates to be provided to the Facility Agent pursuant to the
terms of the Guarantee Agreement amounts to less than five hundred million (500,000,000) USD; or 

  

	 	(b)	if the requirements for disapplying paragraph (a) of Clause 20.35 (Balancing Payments to and from Cash Reserve Account) pursuant to paragraph (b) of Clause 20.35
are not fulfilled, an amount of less than the equivalent (in USD) of 5 per cent of total USD Outstandings after the proposed Utilisation has been paid into and is standing to the credit of the Cash Reserve Account.

  

	5.8	Unavailability of Currency 

 If before any Quotation
Day: 
  

	 	(a)	a Lender notifies the Facility Agent that USD is not readily available to it in the amount required; or 

  

	 	(b)	a Lender notifies the Facility Agent that compliance with its obligation to participate in a Loan in USD would contravene a law or regulation applicable to it,

 the Facility Agent will give notice to the Borrower and the Guarantor to that effect by 11 a.m. on that Quotation Day. In
this event, any Lender that gives notice pursuant to this Clause 5.8 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender’s proportion of the Base Currency Amount) and its participation will
be treated as a separate Loan denominated in the Base Currency during that Interest Period. 
  

	5.9	No Re-conversion 

 Loans denominated in USD cannot
be reconverted to EUR, except as provided in Clause 20.36 (Reconversion of USD Outstandings). 
  

	5.10	Facility Agent’s Calculations 

 Each
Lender’s participation in a Loan will be determined in accordance with paragraph (b) of Clause 5.4 (Lenders’ participation). 
  

 33 

 SECTION 4 
 REPAYMENT, PREPAYMENT AND CANCELLATION 
  

	6.	REPAYMENT 

  

	6.1	Repayment of the Loans 

  

	 	(a)	Subject to the other provisions of this Agreement, the Borrower shall repay on each Repayment Date an amount or amounts such that the amount of all the EUR Outstandings and all the
USD Outstandings is reduced by an amount equal to the percentage of the aggregate amount of all such Loans as calculated in paragraph (b) below. 

  

	 	(b)	The Borrower shall reduce the amount of all the EUR Outstandings and USD Outstandings by an amount equal to the percentage of the aggregate amount of all such Loans on
29 September 2007 which is specified in Column B and appears opposite the relevant Repayment Date in the table below: 

  

				
	 Column A
 Repayment Date
	  	 Column B
 Percentage Repaid
 (from the aggregate amount of
 all Loans as at the end of the
 Availability Period)
	 
	30 September 2007	  	3.00	%
	30 December 2007	  	3.00	%
	31 March 2008	  	5.00	%
	30 June 2008	  	5.00	%
	30 September 2008	  	5.00	%
	30 December 2008	  	5.00	%
	31 March 2009	  	7.50	%
	30 June 2009	  	7.50	%
	30 September 2009	  	7.50	%
	30 December 2009	  	7.50	%
	31 March 2010	  	8.00	%
	30 June 2010	  	8.00	%
	30 September 2010	  	9.00	%
	30 December 2010	  	9.00	%
	31 March 2011	  	10.00	%
		  	100.00	%

  

 34 

	 	(c)	Each repayment which is to be made under paragraph (b) above on a Repayment Date shall be made: 

  

	 	(i)	firstly, by repaying on such Repayment Date EUR Outstandings and USD Outstandings having Interest Periods ending on such Repayment Date in accordance with paragraph (d) below,
if applicable; and 

  

	 	(ii)	secondly, by repaying the other Loans in accordance with paragraph (d) below, if applicable. 

  

	 	(d)	If the aggregate amount of all the Outstandings having an Interest Period ending on a Repayment Date exceeds the Repayment Instalment due on that date, then the Borrower may, by not
less than four (4) Business Days’ prior notice to the Facility Agent, select which of those Loans will be wholly or partially repaid to enable the repayment required under paragraph (b) above to occur; provided that, if the
Borrower fails to give such notice, the Facility Agent shall select the Loans to be wholly or partially repaid as aforesaid. 

  

	 	(e)	The Borrower may not reborrow any part of the Facility which is repaid. 

  

	 	(f)	EUR Outstandings shall be repaid in EUR. USD Outstandings shall be repaid in USD. The same applies to prepayments and payments of interest. 

  

	6.2	Supplemental Cash Reserves 

 If on any scheduled
Repayment Date the Credit Rating is Caa2 or lower by Moody’s or CCC or lower by Standard & Poor’s, the Borrower shall, in accordance with the directions of the Facility Agent (acting on the instructions of the Majority Lenders),
ensure that the Cash reserves to be held in accordance with Clause 20.18 (Minimum Cash Balances) shall be increased as provided in paragraphs (a) and (b) of that Clause. 
  

	6.3	Extension of Termination Date 

  

	 	(a)	The Borrower may at any time after the end of the Availability Period, provided that the aggregate value of all Outstandings is no more than EUR420,000,000, by written notice
(the “Renewal Request”) request that the Termination Date be extended to the Extended Termination Date in accordance with a new proposed repayment schedule (“the New Repayment Schedule”) replacing the table set out
in paragraph (b) of Clause 6.1 (Repayment of the Loans) (the “Extension”), provided such Renewal Request is received by the Facility Agent no earlier than one hundred and twenty (120) days and no later than ninety
(90) days prior to the date on which the Borrower wants the Extension to take effect (the “Effective Date”). 

  

	 	(b)	The Facility Agent shall promptly notify each Lender and the Federal/State Guarantors of its receipt of a Renewal Request. Each Lender shall have the right, in its absolute
discretion, to accept or decline any Renewal Request and the Federal/State Guarantors shall have the right to veto the Extension. A Lender and 

  

 35 

 the Federal/State Guarantors which agree(s) to the Extension as requested by a Renewal Request shall
notify the Facility Agent of its agreement within sixty (60) days after the date on which the Facility Agent has notified the Lenders and the Federal/State Guarantors (the “Renewal Decision Date”). If a Lender or the
Federal/State Guarantors do not so notify the Facility Agent, it/they will be deemed to have declined or vetoed the Extension. 
  

	 	(c)	If all the Lenders, together with the Federal/State Guarantors, agree to the Extension, then: 

  

	 	(i)	on the Effective Date, the date for the repayment of the participations in the Loans of the Lenders as at the Termination Date will be extended to the Extended Termination Date in
accordance with the New Repayment Schedule; and 

  

	 	(ii)	the Borrower shall, on the first (1st) Business Day after the Effective Date, pay to the Facility Agent for each Lender an extension fee in an amount which shall have been agreed amongst the Borrower and the Lenders prior to the Renewal Decision Date.

  

	 	(d)	If any Lender or the Federal/State Guarantors decline to agree to or vetoes the Extension, the Borrower shall, on the Termination Date, repay in full the Loans.

  

	 	(e)	A Renewal Request is irrevocable and may not be withdrawn. 

  

	7.	PREPAYMENT AND CANCELLATION 

  

	7.1	Illegality 

  

	 	(a)	A Lender must notify the Facility Agent promptly if it becomes aware that it is unlawful in any applicable jurisdiction for that Lender (an “Affected Lender”) to
perform any of its obligations under a Finance Document or to fund or maintain its share in any Loan to the Borrower. 

  

	 	(b)	After notification under paragraph (a) above and upon the Facility Agent promptly notifying the Borrower: 

  

	 	(i)	the Borrower must repay or prepay the share of the Affected Lender in each Loan made to it on the date specified in paragraph (c) below; and 

  

	 	(ii)	the Commitment of the Affected Lender in the relevant Facility will be immediately cancelled. 

  

	 	(c)	The date for repayment or prepayment of an Affected Lender’s share in a Loan will be the earliest of the following dates: 

  

	 	(i)	the last day of the Interest Period for that Loan occurring after the Facility Agent has notified the Borrower; 

  

	 	(ii)	the date specified by the Affected Lender in the notice delivered to the Facility Agent (being no earlier than the last day of any applicable grace period permitted by law); and

  

	 	(iii)	the next Repayment Date. 

  

 36 

	 	(d)	Upon the occurrence of the events set out in paragraphs (a) and (b) above, so long as: 

  

	 	(i)	no Event of Default shall have occurred and be continuing; and 

  

	 	(ii)	the Borrower has obtained a commitment from another Lender or bank, financial institution, trust, fund or other entity which intends to become a Party in accordance with
Clause 22 (Changes to the Lenders) that is a Qualifying Lender (an “Eligible Transferee”) to purchase at par the Affected Lender’s Loans and assume the Affected Lender’s Commitments and all other obligations of
the Affected Lender under the relevant Finance Documents, 

 the Borrower may request of the Affected Lender, and the Affected
Lender shall in good faith consider such request, that it transfer all of its Loans and Commitments to such Eligible Transferee in accordance with Clause 22.5 (Procedure for Transfer); provided that, prior to or concurrently with such
replacement: 
  

	 	(iii)	the Borrower or the Eligible Transferee shall have paid to the Affected Lender all amounts due to it under this Agreement; 

  

	 	(iv)	the Borrower or the Eligible Transferee shall have paid to the Facility Agent the transfer fee of two thousand (2,000) EUR required under Clause 22.3 (Assignment and
Transfer Fee); and 

  

	 	(v)	all the requirements for such transfer set out in Clause 22.5 (Procedure for Transfer) shall have been fulfilled. 

  

	7.2	Mandatory Prepayment from Asset Disposals 

  

	 	(a)	Subject to paragraphs (b) and (c) below, the Borrower shall ensure that the Net Proceeds arising from the disposal of any asset (including Equipment) by the Borrower are
paid to the Facility Agent promptly upon the receipt and applied in prepayment of the EUR Outstandings and the USD Outstandings in accordance with Clause 7.5 (Application of Prepayments). 

  

	 	(b)	Paragraph (a) shall not apply to Net Proceeds arising from any disposal referred to in paragraph (a) above: 

  

	 	(i)	to the extent that such Net Proceeds are promptly upon receipt re-invested in: 

  

	 	(A)	similar or like assets (including Equipment) of a comparable or superior quality, type or value in the ordinary course of business; or 

  

	 	(B)	other capital expenditure provided in the Business Plan (as modified by subsequent Management Plans), 

 within a period of one hundred and eighty (180) days from the date of receipt of such Net Proceeds by the Borrower; provided however, that
the Borrower shall be deemed to have applied Net Proceeds in accordance with this Clause 7.2 prior to the expiration of such one hundred and eighty (180) days if and to the extent it has presented to the Facility Agent one or more bona
fide purchase orders for property or assets to be used in connection with the Project; 
  

 37 

	 	(ii)	to the extent arising from Permitted Disposals; or 

  

	 	(iii)	if the Net Proceeds per disposal do not exceed ten million (10,000,000) EUR (or its equivalent in another currency on the date of such disposal) or, when aggregated with the
Net Proceeds received from any other disposals of assets made in the immediately preceding twelve (12) calendar month period (excluding the Net Proceeds from disposals falling within sub-paragraphs (i) or (ii) above), do not exceed
thirty million (30,000,000) EUR (or its equivalent in another currency on date of such disposals). 

  

	 	(c)	The Borrower shall be entitled, during the period of one hundred and eighty (180) days from the date of receipt of such Net Proceeds, to apply such Net Proceeds in accordance
with paragraph (b)(i) above. Any amounts not so applied during such one hundred and eighty (180) day period shall thereafter be paid to the Facility Agent and applied in prepayment of the EUR Outstandings and the USD Outstandings in accordance
with Clause 7.5 (Application of Prepayments). 

  

	7.3	Mandatory Prepayment from Insurance Proceeds 

  

	 	(a)	Subject to paragraphs (b) and (c) below, the Borrower shall ensure that any Insurance Proceeds received by it are paid to the Facility Agent promptly upon the receipt of
such Insurance Proceeds and applied in prepayment of the EUR Outstandings and the USD Outstandings in accordance with Clause 7.5 (Application of Prepayments). 

  

	 	(b)	Paragraph (a) shall not apply to any Insurance Proceeds unless the Insurance Proceeds exceed five million (5,000,000) EUR (or its equivalent in another currency upon the
date of their receipt) or, when aggregated with the Insurance Proceeds received by it from claims made in the immediately preceding twelve (12) calendar month period (excluding the Insurance Proceeds from disposals falling within paragraphs
(c) below), exceed twenty-five million (25,000,000) EUR (or its equivalent in another currency upon the date of their receipt). 

  

	 	(c)	Paragraph (a) shall not apply to any Insurance Proceeds to the extent that such Insurance Proceeds are applied towards: 

  

	 	(i)	the replacement and/or reinstatement of the assets with similar or like assets (including Equipment) of a comparable or superior quality, type or value and/or repair of the assets
in respect of which the relevant insurance claim was made (or to refinance any expenditure incurred in the replacement, reinstatement and/or repair of such assets); or 

  

	 	(ii)	other capital expenditure provided in the Business Plan (as modified by subsequent Management Plans), 

 in either case, within a period of one hundred and eighty (180) days from the date of receipt of such Insurance Proceeds by the Borrower (or the
Borrower has entered into binding agreements to apply such Insurance Proceeds within such one hundred and eighty (180) day period). 
  

 38 

	 	(d)	The Borrower shall be entitled, during the period of one hundred and eighty (180) days from the date of its receipt of such Insurance Proceeds, to apply such Insurance Proceeds
in accordance with paragraph (c) above. Any sums not so applied during the one hundred and eighty (180) day period shall thereafter be paid to the Facility Agent and applied in prepayment of the EUR Outstandings and the USD Outstandings in
accordance with Clause 7.5 (Application of Prepayments). 

  

	7.4	Mandatory Prepayment from the Escrow Account 

 On
the date falling twelve (12) Months after the end of the Availability Period, any and all sums remaining in the Escrow Account shall be immediately applied in prepayment of the EUR Outstandings and the USD Outstandings in accordance with Clause
7.5 (Application of Prepayments), and the Facility Agent shall be entitled to take all action necessary to effect such application. 
  

	7.5	Application of Prepayments 

  

	 	(a)	Any amounts paid to the Facility Agent in accordance with Clause 7.2 (Mandatory Prepayment from Asset Disposals), Clause 7.3 (Mandatory Prepayment from Insurance
Proceeds) and Clause 7.4 (Mandatory Prepayment from the Escrow Account) shall be applied in prepayment of the EUR Outstandings and the USD Outstandings and reduce the Borrower’s repayment obligations in inverse order of maturity, and
pro rata (the relevant ratio to be calculated on the basis of the Facility Agent’s Spot Rate of Exchange) in respect of EUR Outstandings and USD Outstandings in each case. 

  

	 	(b)	Any mandatory prepayment of the Loans in accordance with this Clause 7 shall: 

  

	 	(i)	firstly, be applied to outstanding Loans in the order provided therefor in the applicable provision of this Clause 7; and 

  

	 	(ii)	secondly, reduce (and there shall be a corresponding cancellation in) the Available Facility. 

  

	 	(c)	For the purpose of determining the Lenders’ Available Commitments and for determining the Current Limit (as that term is defined in Clause 20.35 (Balancing Payments to and
from Cash Reserve Account) at any relevant time, prepayments as applied to USD Outstandings shall be taken into account with the EUR equivalent of the relevant amount to be prepaid converted into USD on the basis of the Facility Agent’s
Spot Rate of Exchange on the date of prepayment. 

 Any cancellation, except in the case of a cancellation pursuant to Clause
7.1 (Illegality) or Clause 7.10 (Right of Repayment and Cancellation in Particular Circumstances), shall reduce the Commitments of the Lenders rateably. No amount so cancelled may be reborrowed. 
  

	7.6	Date for Prepayment 

 If the provisions of Clause
7.1 (Illegality) (subject to the limitations of paragraph (c) of Clause 7.1) to Clause 7.3 (Mandatory Prepayment from Insurance Proceeds) (inclusive) would require the prepayment of a Loan otherwise than on the last day of an
Interest Period relating to that Loan, the Borrower may, by written notice to the Facility Agent (to be received not less than five (5) Business Days prior to the date on which such prepayment 
  

 39 

 would be required to be made (but for this Clause 7.6)), request that the amount of such prepayment be
applied by the Facility Agent in prepayment of the relevant Loan on the last day of the then current Interest Period relating to that Loan. 
  

	7.7	Voluntary Prepayment of the Loans 

  

	 	(a)	Effective from and after the date of Closing, the Borrower may prepay the whole or any part of any Loan (but, if in part, being an amount that reduces the amount of the relevant
Loan by a minimum amount of seven and one half million (7,500,000) EUR (or ten million (10,000,000) USD in case of Loans denominated in USD) and represents an integral multiple of two and one half million (2,500,000) EUR (or five
million (5,000,000) USD in case of Loans denominated in USD), or, if less, the remaining amount of that Loan) on the last day of any Interest Period applicable to such Loan, upon at least ten (10) Business Days’ irrevocable written
notice to the Facility Agent and specifying the principal amount of such prepayment and the Business Day on which such prepayment shall occur, upon: 

  

	 	(i)	the payment of the prepayment fee set out in Clause 7.8 (Prepayment Fee); and 

  

	 	(ii)	the payment of all accrued but unpaid interest in respect of the principal amount of the Loan prepaid. 

  

	 	(b)	Any prepayment under this Clause 7.7 made in EUR shall be immediately applied in satisfaction of the EUR Outstandings, and any prepayment made in USD shall be immediately
applied in satisfaction of the USD Outstandings, in each case on a pro rata basis across all scheduled repayment amounts in the relevant currency. 

  

	 	(c)	For the purpose of determining the Lenders’ Available Commitments and for determining the Current Limit (as that term is defined in Clause 20.35 (Balancing Payments
to and from Cash Reserve Account) at any relevant time, prepayments in respect of USD Outstandings shall be taken into account with the EUR equivalent of the relevant amount to be prepaid converted into USD on the basis of the Facility
Agent’s Spot Rate of Exchange on the date of prepayment. 

  

	7.8	Prepayment Fee 

  

	 	(a)	If the Borrower prepays for any reason (whether voluntarily or otherwise) any of the outstanding Loans prior to the scheduled date on which such principal amount falls due, the
Borrower shall pay to the Facility Agent, for the account of the Lenders, a prepayment fee determined in accordance with the following table; provided that, no such prepayment fee will be required in respect of a prepayment pursuant to Clause 7.1
(Illegality): 

  

 40 

			
	 Period during which prepayment occurs
	  	 Prepayment fee

	On or prior to the first anniversary of the Utilisation Date of the applicable Loan	  	[***] per cent. of the principal amount of the Loan(s) prepaid
		
	after the first but on or prior to the second anniversary of the Utilisation Date of the applicable Loan	  	[***] per cent. of the principal amount of the Loan(s) prepaid
		
	after the second anniversary of the Utilisation Date of the applicable Loan	  	[***] per cent. of the principal amount of the Loan(s) prepaid

  

	 	(b)	For the purposes of paragraph (a) above, the Utilisation Date of any Loans drawn under the Facility and paid into the Escrow Account shall be the date on which such funds are
withdrawn from the Escrow Account; provided that, the total prepayment fee due in respect of any such Loan will be reduced by the aggregate amount of Margin paid in respect of that Loan while held in the Escrow Account. 

  

	7.9	Voluntary Cancellation 

  

	 	(a)	Effective from and after the date of Closing, the Borrower may cancel the whole or any part of the Available Facility (being a minimum amount of seven and one half million
(7,500,000) EUR and representing an integral multiple of two and one half million (2,500,000) EUR or, if less, the remaining amount of the Available Facility) upon at least ten (10) Business Days’ irrevocable written notice to
the Facility Agent and upon payment of the cancellation fee set out in paragraph (b) below. Any amount so cancelled may not be reinstated. 

  

	 	(b)	If the Available Facility is cancelled at any time (whether pursuant to this Clause 7.8 or otherwise), the Borrower shall pay to the Facility Agent, for the account of the
Lenders, a cancellation fee in EUR determined in accordance with the following table; provided that, no such cancellation fee will be required in respect of any portion of the Available Facility that is cancelled pursuant to Clause 7.1
(Illegality): 

  

			
	 Period during which cancellation occurs
	  	 Cancellation fee

	Following the date of Closing but prior to 1 January 2005	  	[***] per cent. of the principal amount of the Available Facility cancelled
		
	on or after 1 January 2005 but prior to 1 January 2006	  	[***] per cent. of the principal amount of the Available Facility cancelled
		
	on or after 1 January 2006	  	[***] per cent. of the principal amount of the Available Facility cancelled

  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 41 

	 	(c)	Any cancellation under this Clause 7.9 shall reduce the Commitments of the Lenders rateably. 

  

	7.10	Right of Repayment and Cancellation in Particular Circumstances 

  

	 	(a)	If: 

  

	 	(i)	any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 12.2 (Tax Gross-Up); or 

  

	 	(ii)	any Lender claims indemnification from the Borrower under Clause 12.3 (Tax Indemnity) or Clause 13.1 (Increased Costs); or 

  

	 	(iii)	any Lender notifies the Facility Agent of its Minimum Reserve Cost, 

 the Borrower may, whilst (in the case of paragraphs (i) and (ii) above) the circumstance giving rise to the requirement or indemnification continues or (in the case of paragraph (iii) above) that
Minimum Reserve Cost is greater than zero, give the Facility Agent at least seven (7) Business Days’ prior written notice of cancellation of the Commitments of that Lender (the “Subject Lender”) and its intention to
procure the repayment of the Subject Lender’s participation in the Loans. 
  

	 	(b)	On receipt of a notice referred to in paragraph (a) above, any Available Commitment of the Subject Lender shall immediately be reduced to zero. 

  

	 	(c)	On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that
notice), the Borrower shall repay the Subject Lender’s participation in the Loan to which such Interest Period relates. 

  

	 	(d)	Upon the occurrence of the events set out in this Clause 7.10, so long as: 

  

	 	(i)	no Event of Default shall have occurred and be continuing; and 

  

	 	(ii)	the Borrower has obtained a commitment from another Lender or bank, financial institution, trust, fund or other entity which intends to become a Party in accordance with
Clause 22 (Changes to the Lenders) that is a Qualifying Lender (an “Eligible Transferee”) to purchase at par the Subject Lender’s Loans and assume the Subject Lender’s Commitments and all other obligations of
the Subject Lender under the relevant Finance Documents, 

 the Borrower may request of the Subject Lender, and the Subject
Lender shall in good faith consider such request, that it transfer all of its Loans and Commitments to such Eligible Transferee in accordance with Clause 22.5 (Procedure for Transfer); provided that, prior to or concurrently with such
replacement: 
  

	 	(iii)	the Borrower or the Eligible Transferee shall have paid to the Subject Lender all amounts due to it under this Agreement; 

  

	 	(iv)	the Borrower or the Eligible Transferee shall have paid to the Facility Agent the transfer fee of two thousand (2,000) EUR required under Clause 22.3 (Assignment and
Transfer Fee); and 

  

 42 

	 	(v)	all the requirements for such transfer set out in Clause 22.5 (Procedure for Transfer) shall have been fulfilled. 

  

	7.11	Restrictions 

  

	 	(a)	Any notice of cancellation or prepayment given by any Party under this Clause 7 shall be irrevocable and, unless a contrary indication appears in this Agreement, shall specify
the date or dates upon which the relevant cancellation or prepayment is to be made and the amount of that cancellation or prepayment. 

  

	 	(b)	Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and subject to Break Costs, if any. 

  

	 	(c)	The Borrower may not reborrow any part of the Facility that has been prepaid or repaid. 

  

	 	(d)	Subject to applicable laws, the Borrower shall not repay or prepay all or any part of the Loans and it shall not cancel all or any part of the Commitments, except at the times and
in the manner expressly provided for in this Agreement. 

  

	 	(e)	No amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated. 

  

	 	(f)	If the Facility Agent receives a notice under this Clause 7 it shall promptly forward a copy of that notice to either the Borrower or the affected Lender, as appropriate.

  

	 	(g)	Any reduction or cancellation of a Commitment under this Clause 7 shall reduce the Total Commitments by the amount of such reduction or cancellation. 

  

 43 

 SECTION 5 
 COSTS OF UTILISATION 
  

	8.	INTEREST 

  

	8.1	Calculation of Interest 

 The rate of interest on
each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable: 
  

	 	(a)	Margin; 

  

	 	(b)	EURIBOR or, in relation to a Loan denominated in USD, LIBOR; and 

  

	 	(c)	Minimum Reserve Cost, if any, 

 provided however,
that for Loans the proceeds of which are disbursed into the Escrow Account, interest on that portion of the Loans the proceeds of which are held in the Escrow Account from time to time shall be determined based on one half (50%) of the Margin
per annum. 
  

	8.2	Margin Ratchets 

  

	 	(a)	Save as provided in paragraph (b) below, the Margin, in relation to a Loan, shall be the percentage rate per annum specified in the definition of “Initial
Margin” in Clause 1.1 (Definitions). 

  

	 	(b)	Save as provided in Clause 8.4 (No Margin Ratchets in Events of Default) and in accordance with Clause 8.3 (Margin Changes), if after six (6) Months from the
Signing Date the Credit Rating falls within any of the ranges specified in Column A and Column B below, the Margin, in respect of all Loans, shall be the determined by reference to the lowest such Credit Rating allocated by either Moody’s or
Standard & Poor’s as set out in the table below: 

  

						
	 Column A
 Moody’s Rating
	  	 Column B
 Standard & Poor’s
Rating
	  	 Column C
 Margin per annum
	 
	 lower than B3
	  	lower than B-	  	[	***]%
	 B3
	  	B-	  	[	***]%
	 B2
	  	B	  	[	***]%
	 B1
	  	B+	  	[	***]%
	 Ba3
	  	BB-	  	[	***]%
	 Ba2
	  	BB	  	[	***]%
	 Ba1
	  	BB+	  	[	***]%
	 Baa3 or better
	  	BBB- or better	  	[	***]%

  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 44 

 provided that, the Initial Margin shall apply to all periods until and including the first
(1st) anniversary of the Signing Date; and further provided that, in respect of all other periods, in
the event that neither Credit Rating is available for more than thirty (30) days, the Margin as calculated above will convert to [***] per cent. per annum (the “Safety Margin”) with retrospective effect from the date on
which both Credit Ratings were no longer available. 
  

	8.3	Margin Changes 

  

	 	(a)	Save as provided in this Clause 8.3 and Clause 8.4 (No Margin Ratchets in Events of Default), any change in the Margin provided for by Clause 8.2 (Margin Ratchets)
shall take effect, in relation to all existing and future Loans during the period: 

  

	 	(i)	from (and including) the date on which the next subsequent Interest Period commences immediately after the conclusion of the current Interest Period during which the Facility Agent
has received information of the change in Credit Rating or been informed of the same by the Borrower in accordance with paragraph (a) of Clause 18.4 (Information: Miscellaneous), 

  

	 	(ii)	until (but excluding) the date on which the next subsequent Interest Period commences immediately after the conclusion of the Interest Period during which the Facility Agent
receives information of a further change in the Credit Rating or is informed of the same by the Borrower in accordance with paragraph (f) of Clause 18.4 (Information: Miscellaneous). 

  

	 	(b)	If at any time: 

  

	 	(i)	the Margin has been changed pursuant to this Clause 8.3; and 

  

	 	(ii)	the Facility Agent thereafter discovers that the information or notification that it has received on the Credit Rating is inaccurate and that such change should not have been made,

 that change shall be reversed with retrospective effect, the Margin applicable to the Facility shall be that justified by the
correct Credit Rating, amounts of interest calculated by reference to the changed Margin (whether or not already paid) shall be recalculated by reference to the Margin applicable to such correct Credit Rating and the Borrower or the Lenders, as the
case may be, shall be required to make a payment to the Facility Agent, in such amounts as the Facility Agent may specify, to cover any difference in amounts of interest which should have actually been received by the Lenders following any
recalculation. The Facility Agent’s determination of any such difference shall, save in the case of manifest error, be conclusive and the Facility Agent shall provide the Borrower and the Lenders with reasonable details of the calculation of
such difference in Margin. 
  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 45 

	8.4	No Margin Ratchets in Events of Default 

  

	 	(a)	No reduction in the Margin provided for by Clause 8.2 (Margin Ratchets) shall take effect immediately from the date determined by the Facility Agent as being the date on
which an Event of Default has occurred or come into existence. The Margin shall thereafter immediately convert to the Safety Margin (if it is not already) until the date specified by the Facility Agent as being the date on which it has been
demonstrated to its reasonable satisfaction that such Event of Default is no longer continuing. The Margin shall thereafter be determined in accordance with Clause 8.2 (Margin Ratchets) on the basis of the Credit Rating then applicable.

  

	 	(b)	The Facility Agent shall promptly notify the Lenders and the Borrower of any determination that an Event of Default has occurred or exists or, as the case may be, that it has been
demonstrated to its reasonable satisfaction that such Event of Default is no longer continuing. 

  

	8.5	Payment of Interest 

 The Borrower shall pay accrued
interest on each Loan on the last day of each Interest Period (and, if the Interest Period is longer than three (3) Months, on the dates falling at three (3) monthly intervals after the first day of the Interest Period). 
  

	8.6	Default Interest and Penalty 

  

	 	(a)	The Borrower shall be in payment default (Verzug) if it fails to pay any amount (other than in payment of interest and fees, other than the commitment fees under Clause 11.1
(Commitment Fee)) payable by it under a Finance Document on its due date. On the occurrence of such a payment default (Verzug), interest shall accrue on the overdue amount from the due date up to the date of actual payment (both before
and after judgment) at a rate one (1) per cent. higher than the rate which would have been payable if the overdue amount had, during the period of non-payment, constituted a Loan in the currency of the overdue amount for successive
Interest Periods, each of a duration selected by the Facility Agent (acting reasonably). Any interest accruing under this Clause 8.6 shall be immediately payable by the Borrower on demand by the Facility Agent. 

  

	 	(b)	If the Borrower fails to pay any amounts in payment of interest or fees under a Finance Document on its due date, the Borrower shall pay liquidated damages to the Facility Agent for
the account of the relevant Lenders in an amount determined by the Facility Agent as being, in respect of the period from the due date of payment until receipt by the Facility Agent of the relevant amount, the equivalent of interest at a rate
determined in accordance with paragraph (a) above applied to the relevant overdue amount. 

  

	 	(c)	In the circumstances described in paragraph (b) above, the Borrower shall be entitled to demonstrate that the damage actually suffered by the Lenders is inferior to the amounts
determined in accordance therewith, and the Lenders shall be entitled to prove and claim for any higher damage. 

  

	8.7	Notification of Rates of Interest 

 The Facility
Agent shall promptly notify the Lenders and the Borrower of the determination of a rate of interest under this Agreement. 
  

 46 

	9.	INTEREST PERIODS 

  

	9.1	Selection of Interest Periods 

  

	 	(a)	The Borrower may select an Interest Period for a Loan in the Utilisation Request for that Loan or in a Selection Notice. 

  

	 	(b)	Each Selection Notice for a Loan is irrevocable and must be delivered to the Facility Agent by the Borrower not later than the Specified Time. 

  

	 	(c)	If the Borrower fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 9.2
(Changes to Interest Periods), be one (1) Month. 

  

	 	(d)	Subject to this Clause 9, the Borrower may select an Interest Period of one (1), two (2), or three (3) Month(s) or any other period agreed between the Borrower and the
Facility Agent (acting on the instructions of all the Lenders). In addition, the Borrower may select an Interest Period of a period of less than one (1) Month, if necessary to ensure that there are sufficient Loans (with an aggregate amount
equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Repayment Date for the Borrower to make the Repayment Instalment due on that date. 

  

	 	(e)	Subject to Clause 6.3 (Extension of Termination Date) and Clause 9.3 (Non-Business Days), an Interest Period for a Loan shall not extend beyond the Termination
Date. 

  

	 	(f)	Each Interest Period for a Loan shall start on the Utilisation Date relating to such Loan or (if already made) on the last day of its preceding Interest Period.

  

	9.2	Changes to Interest Periods 

  

	 	(a)	Prior to determining the interest rate for a Loan, the Facility Agent may shorten an Interest Period for any Loan to ensure that there are sufficient Loans (with an aggregate Base
Currency Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Repayment Date for the Borrower to make the Repayment Instalment due on that date. 

  

	 	(b)	If the Facility Agent makes any of the changes to an Interest Period referred to in this Clause 9.2, it shall promptly notify the Borrower and the Lenders. 

 

	9.3	Non-Business Days 

 If an Interest Period would
otherwise end on a day which is not a Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). 
  

	9.4	Consolidation and Division of Loans 

  

	 	(a)	Subject to paragraph (b) below, if two or more Interest Periods end on the same date, the Loans in relation thereto will, unless they are not denominated in the same currency
or the Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period. 

  

 47 

	 	(b)	Subject to Clause 4.4 (Maximum Number of Loans) and Clause 5.3 (Currency and Amount), if the Borrower requests in a Selection Notice that a Loan be divided
into two or more Loans, that Loan will, on the last day of its Interest Period, be so divided with amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the amount of the Loan immediately before its division,
having taken into account any repayment to be made on that day. 

  

	10.	CHANGES TO THE CALCULATION OF INTEREST 

  

	10.1	Absence of Quotations 

 Subject to Clause 10.2
(Market Disruption), if EURIBOR or, if applicable, LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable EURIBOR or LIBOR
shall be determined on the basis of the quotations of the remaining Reference Banks. 
  

	10.2	Market Disruption 

  

	 	(a)	If a Market Disruption Event occurs in relation to a Loan for any Interest Period, then the rate of interest on each Lender’s share of that Loan for the Interest Period shall
be the rate per annum which is the sum of: 

  

	 	(i)	the Margin; 

  

	 	(ii)	the rate notified to the Facility Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which
expresses as a percentage rate per annum the cost to that Lender of funding its participation in that Loan from whatever source it may reasonably select; and 

  

	 	(iii)	the Minimum Reserve Cost, if any, applicable to that Lender’s participation in the Loan. 

  

	 	(b)	In this Agreement “Market Disruption Event” means: 

  

	 	(i)	at or about noon on the Quotation Day for the relevant Interest Period the Screen Rate is not available and none or only one of the Reference Banks supplies a rate to the Facility
Agent to determine EURIBOR or, if applicable, LIBOR for the relevant currency and Interest Period; or 

  

	 	(ii)	before close of business in Luxembourg on the Quotation Day for the relevant Interest Period, the Facility Agent receives notifications from a Lender or Lenders (whose
participations in a Loan exceed thirty-five (35) per cent. of that Loan) that the cost to it of obtaining matching deposits in the European interbank market (in case of EUR) or the London interbank market (in case of any other currency)
would be in excess of EURIBOR or, as the case may be, LIBOR. 

  

	10.3	Alternative Basis of Interest or Funding 

  

	 	(a)	If a Market Disruption Event occurs and the Facility Agent or the Borrower so requires, the Borrower and the Facility Agent must enter into negotiations for a period of not more
than 30 days with a view to agreeing an alternative basis for 

  

 48 

	 	    	determining the rate of interest and/or funding for the affected Loan and any future Loan. The Facility Agent shall inform the Lenders within such thirty (30) day period of any
proposal for an alternative basis, to the extent practicable. 

  

	 	(b)	Any alternative basis agreed pursuant to paragraph (a) above will be, with the prior consent of all the Lenders, binding on all the Parties. The Lenders shall use reasonable
endeavours to respond to a request for consent by the Facility Agent under this Clause within three (3) Business Days of a request. 

  

	10.4	Break Costs 

  

	 	(a)	The Borrower shall, within three (3) Business Days of demand by the Facility Agent acting on behalf of a Lender, pay to the Facility Agent on demand for the account of that
Lender its Break Costs attributable to all or any part of a Loan or Unpaid Sum being paid by the Borrower on a day other than the last day of an Interest Period for that Loan or Unpaid Sum. 

  

	 	(b)	Each Lender shall, as soon as reasonably practicable after a demand by the Facility Agent, provide a certificate confirming the amount of its Break Costs for any Interest Period in
which they accrue. 

  

	11.	FEES 

  

	11.1	Commitment Fee 

  

	 	(a)	The Borrower shall pay to the Facility Agent (for the account of each Lender) a commitment fee in EUR computed at the rate of [***] per cent. of the Margin on that
Lender’s Available Commitment under the Facility. In determining the amount of the commitment fee, changes of the Margin pursuant to Clause 8.3 (Margin Changes) shall be taken into account from the date on which the Facility Agent has
been informed by the Borrower about the relevant change in the Credit Rating pursuant to paragraph (f) of Clause 18.4 (Information: Miscellaneous). 

  

	 	(b)	Accrued commitment fees are payable: 

  

	 	(i)	on the last day of each calendar quarter during the Availability Period; 

  

	 	(ii)	on the last day of the Availability Period; and 

  

	 	(iii)	if cancelled in full, on the cancelled amount of the relevant Lender’s Commitment at the time the cancellation is effective. 

  

	11.2	Agency Fee 

 The Borrower shall pay to the Facility
Agent (for its own account) an agency fee in the amount and at the times agreed in a Fee Letter. 
  

	11.3	Security Agent Fee 

  

	    	The Borrower shall pay to the Security Agent (for its own account) a security agent fee in the amount and at the times agreed in a Fee Letter. 

  

	***	Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested
pursuant to a Confidential Treatment Request dated October 19, 2006. 

  

 49 

	11.4	Extension Fee 

 In the event of an Extension under
Clause 6.3 (Extension of Termination Date), an extension fee will be payable by the Borrower as provided in that Clause. 
  

 50 

 SECTION 6 
 ADDITIONAL PAYMENT OBLIGATIONS 
  

	12.	TAX GROSS UP AND INDEMNITIES 

  

	12.1	Definitions 

  

	 	(a)	In this Clause 12: 

 “ Protected
Party” means a Lender that is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or
receivable) under a Finance Document. 
 “Tax Credit” means a credit against, relief or remission for, or repayment of, any
Tax. 
 “Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

 “Tax Payment” means an increased payment made by the Borrower to a Lender under Clause 12.2 (Tax Gross-up) or
a payment under Clause 12.3 (Tax Indemnity). 
  

	 	(b)	In this Clause 12 a reference to “determines” or “determined” means a determination made in the absolute discretion of the person making the
determination. 

  

	12.2	Tax Gross-up 

  

	 	(a)	The Borrower shall make all payments to be made by it without any Tax Deduction, unless a Tax Deduction is required by law. 

  

	 	(b)	The Borrower shall promptly upon becoming aware that it must make a Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction) notify the Facility Agent
accordingly. Similarly, a Lender shall notify the Facility Agent on becoming so aware in respect of a payment payable to that Lender. If the Facility Agent receives such notification from a Lender it shall notify the Borrower.

  

	 	(c)	If a Tax Deduction is required by law to be made by the Borrower in respect of a payment to a Lender, the amount of the payment due from the Borrower to that Lender shall be
increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment which would have been due if no Tax Deduction had been required. 

  

	 	(d)	The Borrower is not required to make an increased payment to a Lender under paragraph (c) above for a Tax Deduction in respect of any payment which is capable of attracting a
Tax Deduction, if on the date on which the payment falls due: 

  

	 	(i)	the payment relates to a Tax referred to in paragraph (b), subparagraph (i) of Clause 12.3 (Tax Indemnity); 

  

	 	(ii)	the payment could have been made to the relevant Lender without the Tax Deduction if it was a Qualifying Lender, but on that date that Lender is not 

  

 51 

	 	    	or has ceased to be a Qualifying Lender other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration or
application of) any law or Treaty, or any published practice or concession of any relevant taxing authority; or 

  

	 	(iii)	the Borrower is able to demonstrate that the payment could have been made to that Lender without the Tax Deduction had that Lender complied with its obligations under paragraph
(g) below, including timely providing the documents allowing the Borrower to make the payment without a Tax Deduction. 

  

	 	(e)	If the Borrower is required to make a Tax Deduction, the Borrower shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time
allowed and in the minimum amount required by law. 

  

	 	(f)	Within thirty (30) days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the Borrower shall deliver to the Facility Agent for the
Finance Party entitled to the payment evidence reasonably satisfactory to that Finance Party that the Tax Deduction has been made or (as applicable) any appropriate payment has been paid to the relevant taxing authority. 

  

	 	(g)	A Lender and the Borrower shall co-operate in completing any procedural formalities necessary for the Borrower to obtain authorisation to make a payment to that Lender without a Tax
Deduction, and such Lender shall provide to the applicable party or parties on a timely basis the necessary documents allowing the Borrower to make the payment without a Tax Deduction. 

  

	 	(h)	Any difference in the amount which is owed by the Borrower under paragraph (c) above will not be covered by the Federal/State Guarantee. Any such amount which is paid by the
Borrower and not recovered by it under Clause 12.4 (Tax Credit) is deemed to reduce the principal amount owed by the Borrower in relation to the Federal/State Guarantors. 

  

	12.3	Tax Indemnity 

  

	 	(a)	The Borrower shall (within three (3) Business Days of demand by the Facility Agent) pay to a Protected Party an amount equal to the loss, liability or cost that that Protected
Party determines will be or has been (directly or indirectly) suffered for or on account of withholding Tax by that Protected Party in respect of a Finance Document. 

  

	 	(b)	Paragraph (a) above shall not apply: 

  

	 	(i)	with respect to any Tax assessed on a Lender: 

  

	 	(A)	under the law of the jurisdiction in which that Lender is incorporated or, if different, the jurisdiction (or jurisdictions) in which that Lender is treated as resident for tax
purposes; or 

  

	 	(B)	under the law of the jurisdiction in which that Lender’s Facility Office is located in respect of amounts received or receivable in that jurisdiction, 

 

 52 

 if in either case that Tax is imposed on or calculated by reference to the net income received or
receivable (but not any sum deemed to be received or receivable) by that Lender; or 
  

	 	(ii)	to the extent a loss, liability or cost: 

  

	 	(A)	is compensated for by an increased payment under Clause 12.2 (Tax Gross-up); or 

  

	 	(B)	would have been compensated for by an increased payment under Clause 12.2 (Tax Gross-up) but was not so compensated solely because one of the exclusions in paragraph
(d) of Clause 12.2 (Tax Gross-up) applied. 

  

	 	(c)	A Protected Party making, or intending to make, a claim pursuant to paragraph (a) above shall promptly notify the Facility Agent of the event which will give, or has given,
rise to the claim, following which the Facility Agent shall notify the Borrower. 

  

	 	(d)	A Protected Party shall, on receiving a payment from the Borrower under this Clause 12.3, notify the Facility Agent. 

  

	12.4	Tax Credit 

  

	 	(a)	If the Borrower makes a Tax Payment and the relevant Lender determines that: 

  

	 	(i)	a Tax Credit is attributable either to an increased payment of which that Tax Payment forms part, or to that Tax Payment; and 

  

	 	(ii)	that Lender has obtained, utilised and retained that Tax Credit, or could have obtained, utilised or retained that Tax Credit had it claimed such benefit according to the applicable
procedural rules within the provisions of paragraph (c) below, 

 the Lender shall pay an amount to the Borrower which
that Lender determines will leave it (after that payment) in the same after-Tax position as it would have been in had the Tax Payment not been required to be made by the Borrower. Upon the request of the Borrower, the relevant Lender will use its
reasonable endeavours (to the extent commercially practicable and legally permitted) to recover such Tax Credit. 
  

	 	(b)	If such a Tax Credit by reference to which a Lender has made a payment to the Borrower under paragraph (a) above is subsequently disallowed or cancelled, the Borrower must
reimburse any payment made under paragraph (a) above to the relevant Lender. 

  

	 	(c)	If the Borrower makes a Tax Payment, the relevant Lender shall take reasonable steps to claim a Tax Credit unless in the opinion of that Lender the making of such claim might have
an adverse effect on its business, operations, property, condition or prospects (financial or otherwise). The Borrower shall bear any costs incurred by a Lender in making such a claim. 

  

 53 

	12.5	Stamp Taxes 

 The Borrower shall pay and, within
three (3) Business Days of demand, indemnify each Finance Party against any cost, loss or liability that Finance Party incurs in relation to all stamp duty, registration and other similar Taxes payable in respect of any Finance Document.

  

	12.6	Value Added Tax 

  

	 	(a)	All consideration payable under a Finance Document by an Obligor to a Finance Party shall be deemed to be exclusive of any VAT. If any VAT is chargeable, the Borrower shall pay to
the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT. 

  

	 	(b)	Where a Finance Document requires an Obligor to reimburse a Finance Party for any costs or expenses (which for the avoidance of doubt does not include any fees payable to a Finance
Party pursuant to Clause 11 (Fees)), the Borrower shall also at the same time pay and indemnify that Finance Party against all VAT incurred by that Finance Party in respect of the costs or expenses save to the extent that that Finance Party is
entitled to repayment or credit in respect of the VAT. 

  

	12.7	Original Lender’s Confirmation 

  

	 	(a)	Each Original Lender confirms to the Borrower, the Facility Agent and each Mandated Lead Arranger on the date of this Agreement that it is a Qualifying Lender.

  

	 	(b)	A Lender shall promptly give notice to the Borrower (through the Facility Agent) if it becomes aware of any change in the position from that set out in paragraph (a) above.

  

	13.	INCREASED COSTS 

  

	13.1	Increased Costs 

  

	 	(a)	Subject to Clause 13.3 (Exceptions) the Borrower shall, within three (3) Business Days of a demand by the Facility Agent, pay for the account of a Finance Party the
amount of any Increased Costs incurred by that Finance Party or any of its Affiliates as a result of: 

  

	 	(i)	the introduction of or any change in (or in the interpretation or application of) any law or regulation; or 

  

	 	(ii)	compliance with any law or regulation, 

 enacted or made
after the Signing Date. 
  

	 	(b)	In this Agreement “Increased Costs” means: 

  

	 	(i)	a reduction in the rate of return from the Facility or on a Finance Party’s (or its Affiliate’s) overall capital; 

  

	 	(ii)	an additional or increased cost; or 

  

 54 

	 	(iii)	a reduction of any amount due and payable under any Finance Document, 

 which is incurred or suffered by a Finance Party or any of its Affiliates to the extent that it is attributable to that Finance Party having entered into its Commitment or funding or performing its obligations under
any Finance Document. 
  

	13.2	Increased Cost Claims 

  

	 	(a)	A Finance Party intending to make a claim pursuant to Clause 13.1 (Increased Costs) shall notify the Facility Agent of the event giving rise to the claim, following which the
Facility Agent shall promptly notify the Borrower. 

  

	 	(b)	Each Finance Party shall, as soon as practicable after a demand by the Facility Agent, provide a certificate confirming the amount of its Increased Costs. 

 

	13.3	Exceptions 

  

	 	(a)	(a) Clause 13.1 (Increased Costs) does not apply to the extent any Increased Cost is: 

  

	 	(i)	attributable to a Tax Deduction required by law to be made by the Borrower; 

  

	 	(ii)	compensated for by Clause 12.3 (Tax Indemnity) (or would have been compensated for under Clause 12.3 (Tax Indemnity) but was not so compensated solely
because one of the exclusions in paragraph (b) of Clause 12.3 (Tax Indemnity) applied); 

  

	 	(iii)	compensated for by the payment of the Minimum Reserve Cost; or 

  

	 	(iv)	attributable to the breach by the relevant Finance Party or its Affiliates of any law or regulation. 

  

	 	(b)	In this Clause 13.3, a reference to a “Tax Deduction” has the same meaning given to the term in Clause 12.1 (Definitions).

  

	14.	OTHER INDEMNITIES 

  

	14.1	Currency Indemnity 

  

	 	(a)	If any sum due from the Borrower under the Finance Documents (a “Sum”), or any order, judgment or award given or made in relation to a Sum, has to be converted from
the currency (the “First Currency”) in which that Sum is payable into another currency (the “Second Currency”) for the purpose of: 

  

	 	(i)	making or filing a claim or proof against the Borrower; 

  

	 	(ii)	obtaining or enforcing an order, judgment or award in relation to any litigation or arbitration proceedings, 

 the Borrower shall as an independent obligation, within three (3) Business Days of demand, indemnify each Finance Party to whom that Sum is due
against any cost, loss or liability arising out of or as a result of the conversion including any discrepancy between (A) the rate of exchange used to convert that Sum from the First Currency into the Second Currency and (B) the rate or
rates of exchange available to that person at the time of its receipt of that Sum. 
  

 55 

	 	(b)	The Borrower waives any right it may have in any jurisdiction to pay any amount under the Finance Documents in a currency or currency unit other than that in which it is expressed
to be payable. 

  

	14.2	Other Indemnities 

 The Borrower shall, within three
(3) Business Days of demand, indemnify each Finance Party against any cost, loss or liability incurred by that Finance Party as a result of: 
  

	 	(a)	the occurrence of any Event of Default; 

  

	 	(b)	a failure by an Obligor to pay any amount due under a Finance Document on its due date, including without limitation, any cost, loss or liability arising as a result of
Clause 26 (Sharing among the Finance Parties) (save to the extent such Finance Party is otherwise compensated under this Agreement); 

  

	 	(c)	funding, or making arrangements to fund, its participation in a Loan requested by the Borrower in a Utilisation Request but not made by reason of the operation of any one or more of
the provisions of this Agreement (other than by reason of default or negligence by that Finance Party alone); or 

  

	 	(d)	any Loan (or part of any Loan) not being prepaid in accordance with a notice of prepayment given by the Borrower. 

  

	14.3	Indemnity to the Facility Agent, the Security Agent and the Reporting Agent 

 The Borrower shall promptly indemnify the Facility Agent, the Security Agent and the Reporting Agent against any cost, loss or liability incurred by the Facility Agent, the Security Agent or the Reporting Agent (in
each case acting reasonably) as a result of: 
  

	 	(a)	investigating any event which it reasonably believes is a Default; or 

  

	 	(b)	acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised. 

  

	15.	MITIGATION BY THE LENDERS 

  

	15.1	Mitigation 

  

	 	(a)	Each Finance Party shall, in consultation with the Borrower, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming
payable under, or cancelled pursuant to, any of Clause 7.1 (Illegality), Clause 12 (Tax Gross-Up and Indemnities) or Clause 13 (Increased Costs) including (but not limited to) transferring its rights and
obligations under the Finance Documents to another: 

  

	 	(i)	Affiliate or Facility Office; or 

  

	 	(ii)	Eligible Transferee pursuant to either paragraph (e) of Clause 7.1 (Illegality) or paragraph (d) of Clause 7.10 (Right of Repayment and Cancellation in
Particular Circumstances). 

  

 56 

	 	(b)	Paragraph (a) above does not in any way limit the obligations of the Borrower under the Finance Documents. 

  

	15.2	Limitation of Liability 

  

	 	(a)	The Borrower shall indemnify each Finance Party for all costs and expenses reasonably incurred by that Finance Party as a result of steps taken by it under Clause 15.1
(Mitigation). 

  

	 	(b)	A Finance Party is not obliged to take any steps under Clause 15.1 (Mitigation) if, in the opinion of that Finance Party (acting reasonably), to do so might be
prejudicial to it or any Affiliate or Facility Office in relation to paragraph (a)(i) of Clause 15.1 (Mitigation). 

  

	16.	COSTS AND EXPENSES 

  

	16.1	Transaction Expenses 

 The Borrower shall promptly
on demand pay to each Agent the amount of all reasonable and documented costs (excluding the cost of management time of the Agent or the Lenders’ employees) and out-of-pocket expenses (including any reasonable and documented costs and expenses
of external legal counsel (limited, until the Signing Date, to one external legal counsel for all the Agents and the Lenders) and any other third party advice) together with any VAT payable in respect thereof incurred by any of them in connection
with the evaluation, development, negotiation, preparation, printing, execution and delivery of: 
  

	 	(a)	this Agreement and any other documents referred to herein (including the preparation of the term sheet relating to the Facility and the structuring of the debt financing of the
Project); and 

  

	 	(b)	any other Finance Documents executed after the Signing Date. 

  

	16.2	Amendment Costs 

 If the Borrower requests an
amendment, waiver or consent, the Borrower shall, within three (3) Business Days of demand, reimburse each Agent for the amount of all reasonable and documented costs (excluding the cost of management time of the Agent or the Lenders’
employees) and out-of-pocket expenses (including any reasonable and documented costs and expenses of external legal counsel) incurred by each Agent in responding to, evaluating, negotiating or complying with that request or requirement. 

 

	16.3	Enforcement Costs 

 The Borrower shall, within three
(3) Business Days of demand, pay to each Finance Party the amount of all documented costs and out-of-pocket expenses (including any documented costs and expenses of external legal counsel) incurred by that Finance Party in connection with the
enforcement of, or the preservation of any rights under, any Finance Document. 
  

	16.4	Security Agent’s Costs 

 The Borrower shall
promptly on demand pay to the Security Agent the amount of all reasonable and documented costs (excluding the cost of management time of the Agent or the Lenders’ employees) and out-of-pocket expenses (including any reasonable and documented
costs and expenses of external legal counsel) incurred by the Security Agent (for its own account and that of any Finance Party) in connection with the administration or release of any of the Transaction Security. 
  

 57 

	16.5	Federal/State Guarantors’ Costs 

 The Borrower
will pay to the Federal/State Guarantors any costs in connection with the issue of the Federal/State Guarantee and any costs of any report (Gutachten) produced or inspections (Prüfungen) carried out in respect of the Federal/State
Guarantee by or on behalf of the Federal/State Guarantors. 
  

	16.6	Informing the Borrower 

 In respect of Clause 16.1
(Transaction Expenses), 16.2 (Amendment Costs) and 16.4 (Security Agent’s Costs), the relevant Agent shall inform the Borrower of its choice of external legal counsel before instructing such external legal counsel.

  

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 SECTION 7 
 REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT 
  

	17.	REPRESENTATIONS 

  

	17.1	Representations and Warranties 

  

	 	(a)	The Borrower makes the representations and warranties set out in this Clause 17 to each Finance Party on the Signing Date. 

  

	 	(b)	The Finance Parties have entered into this Agreement in reliance on these representations and warranties. 

  

	17.2	Status 

  

	 	(a)	It is a limited partnership (KG) and the General Partner is a limited liability company, each duly established or formed, as the case may be, and validly existing under the
law of the jurisdiction of its place of incorporation, establishment or formation. 

  

	 	(b)	It and the General Partner each has the power to own its assets and carry on its business as it is currently being conducted. 

  

	17.3	No Winding-Up 

 Save as otherwise disclosed in
writing to the Facility Agent, no administrator, receiver, insolvency trustee, bankruptcy examiner, liquidator or similar officer or official has been appointed with respect to itself or, as far as it is aware, the Guarantor or any of its assets or,
as far as it is aware, any of the Guarantor’s and (to the best of its knowledge and belief) no petition by a third party or proceeding for any such appointment is pending nor, has any resolution for any such appointment been passed in relation
to itself or the Guarantor. 
  

	17.4	Binding Obligations 

 The obligations expressed to
be assumed by it in each Transaction Document to which it is a party are, subject to any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of
Utilisation) and the conditions precedent set forth in the Finance Documents, legal, valid, binding and enforceable obligations. 
  

	17.5	Non-Conflict with Other Obligations 

 The entry into
and performance by it of, and the transactions contemplated by, the Transaction Documents to which it is a party do not and will not conflict with: 
  

	 	(a)	any law or regulation applicable to it; 

  

	 	(b)	its constitutional documents; 

  

	 	(c)	any agreement or instrument binding upon it or any of its assets, 

 nor (except as provided in any Security Documents) result in the creation of, or oblige it to create, any Security (other than Permitted Security) over any of its assets. 
  

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	17.6	Power and Authority 

 It has the power to enter
into, perform and deliver, and has taken all necessary action to authorise its entry into, performance and delivery of, the Transaction Documents to which it is a party and the transactions contemplated by those Transaction Documents. 
  

	17.7	Validity and Admissibility in Evidence 

 All
Authorisations (not including the EU Notification Approval) required: 
  

	 	(a)	to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Transaction Documents to which it is a party; 

  

	 	(b)	to make the Transaction Documents to which it is a party admissible in evidence in Germany; and 

  

	 	(c)	to enable it to create any Security expressed to be created by it by or pursuant to, or as the case may be, any Security expressed to have been created by it and to be evidenced in,
any Security Document to which it is a party and to ensure that such Security has the priority and ranking it is expressed to have, 

 have been obtained or effected and are in full force and effect, save for (i) any filings, registrations or notarisations required in relation to the Security Documents, which filings, registrations or notarisations will be made
promptly after execution of the relevant documents and in any event within applicable time limits, or (ii) such filings, registrations or notarisations which have been obtained and effected. 
  

	17.8	Governing Law and Enforcement 

 The choice of German
law as the governing law of the Finance Documents which are expressed to be governed by German law (or, in respect of any Security Document to which it is a party, the choice of the relevant governing law of that Security Document) will be
recognised and enforced in Germany. 
  

	17.9	Deduction of Tax 

 To the extent that a payment
under a Finance Document is made to a Qualifying Lender and such Qualifying Lender has provided all the documentation required under applicable laws and regulations, it is not required under the law of Germany to make any deduction for or on account
of Tax from any such payment. 
  

	17.10	No Filing or Stamp Taxes 

 Under the law of Germany,
it is not necessary that the Finance Documents be filed, recorded or enrolled with any court or other authority in Germany or that any stamp, registration or similar tax be paid on or in relation to the Finance Documents or the transactions
contemplated therein. 
  

	17.11	No Default 

  

	 	(a)	No Event of Default is continuing or might reasonably be expected to result from the making of any Utilisation. 

  

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	 	(b)	No other event or circumstance is outstanding which constitutes: 

  

	 	(i)	on the Signing Date, any default whatsoever under any other agreement or instrument which is binding on the Borrower or to which its assets are subject; and

  

	 	(ii)	thereafter, any material default under any other agreement or instrument which is binding on the Borrower or to which its assets are subject which would amount to an aggregate
liability of over five million (5,000,000) EUR arising under such agreement or instrument from such default (save to the extent that any liabilities are being contested in good faith). 

  

	17.12	Information 

  

	 	(a)	Any written information (excluding that referred to in Clause 17.24 (Information Memorandum)) and any financial information (including in relation to the Credit Ratings)
provided by it on behalf of itself and/or any member of the Group to any Finance Party in connection with the Transaction Documents was true, accurate and complete in all material respects as at the date it was provided and was not misleading in any
material respect. 

  

	 	(b)	To the extent that the information referred to in paragraph (a) above contained any opinions, forecasts, projections and/or conclusions, such opinions, forecasts, projections
and/or conclusions were fair, based on reasonable assumptions and were made in good faith; provided however, that the Borrower makes no representation or warranty in relation to any information provided by a third party and denoted as such.

  

	17.13	Good Title to Assets 

  

	 	(a)	It has, subject to Permitted Security, good title to or valid leases or licences of or is otherwise entitled to use all material assets (including the Equipment acquired as at the
date of this representation, but not including Intellectual Property which is subject to the provisions of Clause 17.14 (Intellectual Property Rights)) necessary to carry on its business as it is being conducted. 

  

	 	(b)	It has acquired and/or has vested in it: 

  

	 	(i)	title to possess and use the Site; and 

  

	 	(ii)	access to the Site. 

  

	17.14	Intellectual Property Rights 

  

	 	(a)	To the best of its knowledge and belief, it has legal rights to use all the Intellectual Property which is material to its business and, unless otherwise disclosed by an Obligor in
writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, to the best of its knowledge and belief, it does not, in carrying on its business, infringe any Intellectual Property Rights of any
third party in any material respect. 

  

	 	(b)	To the best of its knowledge and belief, unless otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor

  

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 giving notice of its SEC filings, it has registered and has taken all requisite actions (including
payment of fees) required to maintain in full force and effect any registered Intellectual Property Rights owned by it which are material in the context of its business or which are required to be registered under applicable law. 
  

	17.15	Creation of Security 

  

	 	(a)	It is, or upon the execution (and the fulfilment of any conditions included therein) of the Security Documents to which it is a party will be, subject to any Permitted Security, the
absolute owner (Eigentümer) of all the material assets over which it purports to create Security by or pursuant to or as evidenced in the Security Documents. 

  

	 	(b)	Each Security Document to which it is or is to be a party creates, or upon such execution (and the fulfilment of any conditions included therein) will create, the Security which
that Security Document purports to create or, if that Security Document purports to evidence Security, accurately evidences, or upon such execution (and the fulfilment of any conditions included therein) will so evidence, Security which has been
validly created. 

  

	 	(c)	The partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower which are or are to be subject to any Security created by or pursuant to, or
evidenced in, any of the Security Documents are all fully paid as at the date of first Utilisation and the constitutional documents of the Borrower do not and could not restrict or inhibit (whether absolutely, partially, under a discretionary power
or otherwise) any transfer of such partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower upon or pursuant to any enforcement of any of the Security Documents to which it is or is to be a party.

  

	17.16	Insurance 

  

	 	(a)	It maintains or is the beneficiary of the Required Insurance on and in relation to the Site, its business and assets and maintains or is the beneficiary of such other insurance with
reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by the Borrower in Germany. 

  

	 	(b)	There has been no omission to disclose a fact which must be disclosed by applicable law or pursuant to contract, which might in either case entitle an insurer to avoid or otherwise
reduce its liability under any policy relating to insurance as referred to in paragraph (a) above. 

  

	17.17	Pari Passu Ranking 

 Its payment obligations under
the Finance Documents rank at least pari passu with the claims of all its unsecured and unsubordinated creditors except for obligations mandatorily preferred by law applying to creditors or certain types of creditors generally. 
  

	17.18	No Proceedings Pending or Threatened 

 Except as
otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, no material litigation, arbitration or administrative proceedings of or before any court, arbitral
body or agency in 
  

 62 

 relation to an Obligor, the Project or any Transaction Document which, if adversely determined, might
reasonably be expected to have a Material Adverse Effect have been started or (to the best of its knowledge and belief) threatened against it. 
  

	17.19	Environmental Compliance 

  

	 	(a)	Save as otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, it has obtained all
requisite Environmental Licences as then required in relation to the Project and has at all times, unless otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC
filings, complied in all material respects with: 

  

	 	(i)	all applicable Environmental Laws as then required in relation to the Project; 

  

	 	(ii)	the terms and conditions of such Environmental Licences; and 

  

	 	(iii)	all other covenants, conditions, restrictions and agreements binding on the Borrower directly or indirectly concerned with any Environmental Contamination in relation to the
Project, 

 in each case where failure to do so would or might reasonably be expected to have a Material Adverse Effect.

  

	 	(b)	Save otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, there are to its
knowledge no events or circumstances that have occurred which may prevent or interfere with the compliance in any material respect in the future of it with all applicable Environmental Laws required in relation to the Project, the terms of all
Environmental Licences referred to in paragraph (a) above and all covenants, conditions, restrictions and agreements referred to in such paragraph. 

  

	17.20	Environmental Claims 

 Save as otherwise disclosed
by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, no Environmental Claim in relation to the Project has been started or (to the best of its knowledge and belief)
threatened against it which may reasonably be expected to have a Material Adverse Effect. 
  

	17.21	Taxation 

  

	 	(a)	It has duly and punctually paid and discharged all Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties; save to the extent that:

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	 	(b)	It is not materially overdue in the filing of any Tax returns. 

  

 63 

	 	(c)	No claims are being asserted nor is it aware of any claims that are reasonably likely to be asserted against it with respect to Taxes which might have a Material Adverse Effect.

  

	17.22	No Indebtedness 

 Save for any Permitted
Indebtedness, it has: 
  

	 	(a)	no Financial Indebtedness; and 

  

	 	(b)	no other indebtedness, except for any which has been incurred in the ordinary course of its business. 

  

	17.23	No Security 

 Save for any Permitted Security:

  

	 	(a)	no Security exists over all or any of its assets; and 

  

	 	(b)	no arrangement or transaction as described in paragraph (b) of Clause 20.3 (Negative Pledge) has been entered into by it and is outstanding.

  

	17.24	Information Memorandum 

  

	 	(a)	The information in the Information Memorandum was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not
misleading in any material respect and did not omit any material information relating to the Borrower or the Project as at that time. 

  

	 	(b)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Information Memorandum; and 

  

	 	(ii)	no information has been given or withheld by the Borrower or on its behalf, 

 since the date of the Information Memorandum that results in the information contained therein being untrue or misleading in any material respect. 
  

	 	(c)	All opinions, forecasts, projections and conclusions contained in the Information Memorandum were fair, based on reasonable assumptions and were made in good faith.

  

	 	(d)	Notwithstanding anything to the contrary contained in this Clause 17.24: 

  

	 	(i)	the Borrower makes no representation or warranty in relation to: 

  

	 	(A)	any information provided by a third party and denoted as such; and 

  

	 	(B)	such information contained in the “Key Lending Considerations” section of the Information Memorandum; and 

  

 64 

	 	(ii)	in relation to the “Risks and Mitigants” section of the Information Memorandum, the Borrower only makes representations and warranties in relation to factual information
set out therein. 

  

	17.25	Base Financial Statements 

  

	 	(a)	Its Base Financial Statements: 

  

	 	(i)	were prepared in accordance with German GAAP consistently applied; and 

  

	 	(ii)	(in the case of quarterly unaudited financial statements) fairly represent the financial condition and operations of the Borrower as at the date to which they were prepared and
during the relevant financial period for which they were prepared, subject to normal year end adjustments, unless expressly disclosed to the Facility Agent in writing to the contrary before the date of this Agreement. 

  

	 	(b)	There has been no Material Adverse Effect since the date on which its latest Base Financial Statements were prepared. 

  

	17.26	Business Plan 

  

	 	(a)	The Business Plan has been prepared using accounting policies, practices and procedures consistent, in all material respects, with German GAAP as at the date of the Business Plan.

  

	 	(b)	The information in the Business Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not misleading in
any material respect. 

  

	 	(c)	It does not regard as unreasonable, or to any material extent, unattainable, any of the opinions, forecasts, projections or conclusions set out in the Business Plan as at the date
thereof. 

  

	 	(d)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Business Plan; and 

  

	 	(ii)	no information has been given or withheld by the Borrower or on its behalf, 

 since the date of the Business Plan that results in the information contained therein being untrue or misleading in any material respect; provided however, the Borrower makes no representation or warranty in
relation to any information provided by a third party and denoted as such. 
  

	 	(e)	All the opinions, forecasts, projections and conclusions contained in the Business Plan were fair, based on reasonable assumptions and were made in good faith.

  

	17.27	Management Plans 

  

	 	(a)	The information in the most recent Management Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not
misleading in any material respect. 

  

 65 

	 	(b)	It regards (as at the date that the most recent Management Plan is delivered to the Facility Agent) as neither unreasonable, nor to any material extent unattainable, any of the
opinions, forecasts, projections or conclusions set out in that Management Plan. 

  

	 	(c)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the most recent Management Plan; and 

  

	 	(ii)	no information has been given or withheld by the Borrower or on its behalf, 

 since the date that the most recent Management Plan was delivered to the Facility Agent that results in the information contained therein being untrue or misleading in any material respect; provided however,
the Borrower makes no representation or warranty in relation to any information provided by a third party and denoted as such. 
  

	 	(d)	As at the date that the most recent Management Plan was delivered to the Facility Agent, all the opinions, forecasts, projections and conclusions contained therein were fair, based
on reasonable assumptions and were made in good faith. 

  

	17.28	Change in Business 

 It has not made, or taken any
steps to make, any substantial change to the Permitted Business. 
  

	17.29	Material Adverse Effect 

 It has not entered into
any agreement or obligation: 
  

	 	(a)	which could have a Material Adverse Effect; or 

  

	 	(b)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by either Obligor. 

  

	17.30	Material Disclosures 

 The Borrower has disclosed in
writing, or by use of websites in accordance with Clause 18.6 (Use of Websites), to the Facility Agent all material information in its possession relating to the Project, including all Project Documents and other material agreements.

  

	17.31	Compliance with Laws and Regulations 

 It has at all
times complied in all material respects with any law or regulation applicable to it. 
  

	17.32	Time for Making Representations and Warranties 

 The
Repeating Representations are deemed to be made by the Borrower to each Finance Party by reference to the facts and circumstances then existing (except as otherwise provided therein) on the first Utilisation Date, on the date of each Utilisation
Request, on the first day of each Interest Period and, prior to the first Utilisation Date, on each Quarter Date. 
  

 66 

	18.	INFORMATION UNDERTAKINGS 

 The undertakings in this
Clause 18 remain in force from the Signing Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. 
  

	18.1	Financial Statements 

 The Borrower shall supply to
the Facility Agent and, in the case of paragraph (e) below, to the Reporting Agent in sufficient numbers for all the Lenders and the Federal/State Guarantors: 
  

	 	(a)	as soon as the same become available, but in any event within ninety (90) days after the end of each of its financial years, 

  

	 	(i)	its audited financial statements for that financial year, comprising of its balance sheet, profit and loss account and cash flow statement, together with a description of the
business, market and financial developments of the Borrower (Lagebericht) as well as the Auditor’s audit report; and 

  

	 	(ii)	a report comparing, in the case of the profit and loss account and cash flow statement, actual figures with the Management Plan for that financial year; 

  

	 	(b)	as soon as the same become available, but in any event within sixty (60) days (or, if in respect of the last Fiscal Quarter of a financial year, within ninety (90) days)
after the end of each Fiscal Quarter in each of its financial years, its unaudited unconsolidated financial statements for that Fiscal Quarter, comprising of its balance sheet, profit and loss account and cash flow statement;

  

	 	(c)	as soon as the same become available, but in any event within ninety (90) days after the end of each of its financial years, an update of the Borrower’s Management Plan,
including: 

  

	 	(i)	a forecast for the remaining tenor of the Facility; 

  

	 	(ii)	projected EBIT and EBITDA as at the end of each Fiscal Quarter in that financial year; and 

  

	 	(iii)	significant revisions to the projections set out in the Management Plan for the previous financial year, together with the main operating assumptions relating thereto, for that
financial year, based on the financial condition and performance and prospects of the Borrower at such time; 

  

	 	(d)	commencing on the date of Technical Completion until the later of: 

  

	 	(i)	the end of the Availability Period; and 

  

	 	(ii)	the date on which any and all sums deposited into the Escrow Account have been utilised towards the purpose set out in Clause 3 (Purpose) and/or for prepayment of the Loans,

  

 67 

 as soon as the same become available, but in any event within sixty (60) days after the end of each
Fiscal Quarter in each of its financial years: 
  

	 	(A)	a statement of sources and uses in the form set out in Schedule 14 (Form of Statement of Sources and Uses) in respect of any Fiscal Quarter in which a Utilisation has been
made, and, if requested by the Facility Agent, copies of Relevant Invoices received in periods up to the relevant Fiscal Quarter; and 

  

	 	(B)	reports in the form set out in Schedule 15 (Form of Status Reports) setting out production wafer starts/outs per technology, the average development wafer in process and the
average line yield for all technologies; and 

  

	 	(e)	any other financial information reasonably requested by a Lender (through the Facility Agent). 

  

	18.2	Compliance Certificate 

  

	 	(a)	From the date of first Utilisation, the Borrower shall supply to the Facility Agent, with each set of financial statements delivered pursuant to paragraphs (a) and (b) of
Clause 18.1 (Financial Statements), a Compliance Certificate setting out (in reasonable detail), in each case as at the date to which those financial statements were drawn up computations as to compliance with Clause 19 (Financial
Covenants). 

  

	 	(b)	The Borrower shall ensure that each Compliance Certificate shall be signed by two directors of the Borrower or, as the case may be, by the General Partner and, if required to be
delivered with the financial statements delivered pursuant to paragraph (a) of Clause 18.1 (Financial Statements), by the Auditors. 

  

	18.3	Requirements as to Financial Statements 

  

	 	(a)	Each set of financial statements and statements delivered by the Borrower pursuant to paragraph (a) (i) of Clause 18.1 (Financial Statements) shall be audited and
certified without material qualification by the Auditors. 

  

	 	(b)	Each set of financial statements delivered by the Borrower pursuant to paragraphs (a) and (b) of Clause 18.1 (Financial Statements) shall be certified by two
directors of the Borrower or, as the case may be, by the General Partner as fairly representing its financial condition as at the date as at which those financial statements were prepared (in the case of unaudited financial statements, subject to
normal year end adjustments). 

  

	 	(c)	The Borrower will ensure that each set of financial statements supplied under this Agreement gives (if audited) a true and fair view of, or (if unaudited) fairly represents, its
financial condition (consolidated or otherwise) as at the date to which those financial statements were prepared (in the case of unaudited financial statements, subject to normal year end adjustments). 

  

	 	(d)	Each set of financial statements delivered by the Borrower pursuant to paragraphs (a) and (b) of Clause 18.1 (Financial Statements) shall be prepared in
accordance with the reporting requirements of large companies (große Kapitalgesellschaften) within the meaning of section 267 subsection 3 of the Commercial Code (Handelsgesetzbuch). 

  

 68 

	 	(e)	The Borrower must notify the Facility Agent of any material change to the basis on which its audited or unaudited financial statements are prepared from those applied in the
preparation of its Base Financial Statements (including, without limitation, any change in German GAAP but excluding any change resulting only from the exercise by the Borrower of a right to choose an alternative treatment under German GAAP).

  

	 	(f)	If the Borrower notifies the Facility Agent of a change in accordance with paragraph (e) above, then the Borrower and the Facility Agent shall enter into negotiations in good
faith for a period of not more than thirty (30) days with a view to agreeing: 

  

	 	(i)	whether or not the change might result in any material alteration in the commercial effect of any of the terms of this Agreement; and 

  

	 	(ii)	if so, any amendments to this Agreement (including appropriate changes to the financial covenants set out in Clause 19.2 (Loan to Fixed Asset Value) and applicable
definitions which may be necessary to ensure that the change does not result in any material alteration in the commercial effect of those terms, and if any amendments are agreed they shall take effect and be binding on each of the Parties in
accordance with their terms. 

  

	 	(g)	The Borrower shall provide the Facility Agent with details of any material changes in the projections delivered under paragraph (c) of Clause 18.1 (Financial Statements)
as soon as reasonably practicable after it decides to make or makes any such change. 

  

	18.4	Information: Miscellaneous 

 The Borrower shall
supply to the Facility Agent (in sufficient copies for all the Lenders, if the Facility Agent so requests) the following, in each case in respect of the Borrower (unless otherwise noted): 
  

	 	(a)	all material documents dispatched by the Borrower to its creditors generally, or to a class of its creditors generally, at the same time as they are dispatched;

  

	 	(b)	promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against the Borrower and
which might, if adversely determined, reasonably be expected to involve potential or alleged liability in excess of one million (1,000,000) EUR (or its equivalent in other currencies on the date of their determination);

  

	 	(c)	promptly upon becoming aware of them, the details of any insurance claims, claims made under the Project Documents or material changes to the Project which might reasonably be
expected to involve potential or alleged liability of the Borrower in excess of five million (5,000,000) EUR (or its equivalent in other currencies on the date of their being determined or made); 

  

	 	(d)	promptly upon becoming aware of them, any material conflicts or breaches of any law or regulation applicable to it; 

  

 69 

	 	(e)	promptly upon becoming aware of them, the details of any material collective labour dispute which is current, threatened or pending against the Borrower; 

 

	 	(f)	promptly upon becoming aware of them, the details of any change in the Credit Rating or in the rating of the Facility (if any) or in the published outlook of either;

  

	 	(g)	promptly upon the Borrower becoming aware of any such filing, notice of any SEC filings by the Guarantor; 

  

	 	(h)	promptly, upon receipt thereof by the Borrower: 

  

	 	(i)	periodic technical progress reports, including, copies of reports relating to “Fab Construction Weathertight” and “Clean Room Ready for Equipment” as received by
the Borrower from the Project Engineer; and 

  

	 	(ii)	a copy of the confirmation of “first silicon out” as provided by the Technical Adviser; 

  

	 	(i)	promptly, details of any changes to the Borrower’s, the Guarantor’s, the General Partner’s and/or (upon becoming aware of it) the Second General Partner’s
accounting periods and all changes of the Borrower’s, the General Partner’s and/or the Second General Partner’s articles of association or equivalent constitutional documents; 

  

	 	(j)	promptly, details of any material events or circumstances affecting its business (wesentliche Geschäftsvorgänge) and, promptly at the request of the Facility Agent,
a report summarising its financial condition and operations; 

  

	 	(k)	promptly, such further information regarding the financial condition, business and operations of the Borrower, the Guarantor, the General Partner and/or (upon becoming aware of it)
the Second General Partner as any Finance Party (through the Facility Agent) may reasonably request; 

  

	 	(l)	promptly, the details of any amendments, variations, novations, supplements or terminations of any Transaction Document to which a Finance Party is not a party; and

  

	 	(m)	promptly upon becoming aware of them, the details relating to any minimum equity contributions under the Partnership Agreement and/or Subordinated Loans under the Subordinated Loan
Agreement(s) not having been paid in by a Limited Partner who is not a member of the Group in accordance with the agreed milestones for such contributions, 

 and shall ensure that senior management is available once a year for the purpose of a meeting with the Lenders and the Facility Agent in relation thereto. 
  

	18.5	Notification of Default 

  

	 	(a)	The Borrower shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon the Borrower becoming aware of its occurrence.

  

	 	(b)	Promptly upon a request by the Facility Agent, the Borrower shall supply to the Facility Agent a certificate signed by two of its directors or senior officers on its behalf
certifying that no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it). 

  

 70 

	18.6	Use of Websites 

  

	 	(a)	The Borrower may satisfy its obligation under this Agreement to deliver any information (other than the financial statements required to be delivered under Clause 18.1 (Financial
Statements)) in relation to those Lenders who accept this method of communication (the “Website Lenders”) by posting this information onto an electronic website designated by the Borrower and the Facility Agent (the
“Designated Website”) if: 

  

	 	(i)	the Facility Agent expressly agrees (after consultation with each of the Lenders) that it will accept communication of the information by this method; 

  

	 	(ii)	both the Borrower and the Facility Agent are aware of the address of and any relevant password specifications for the Designated Website; and 

  

	 	(iii)	the information is in a format previously agreed between the Borrower and the Facility Agent. 

  

	 	(b)	If any Lender does not agree to the delivery of information electronically then the Facility Agent shall notify the Borrower accordingly and the Borrower shall supply the
information to the Facility Agent (in sufficient copies for each of any such Lender) in paper form. In any event the Borrower shall supply the Facility Agent with at least one copy in paper form of any information required to be provided by it.

  

	 	(c)	The Facility Agent shall supply each Website Lender with the address of and any relevant password specifications for the Designated Website following designation of that website by
the Borrower and the Facility Agent. 

  

	 	(d)	The Borrower shall promptly upon becoming aware of its occurrence notify the Facility Agent if: 

  

	 	(i)	the Designated Website cannot be accessed due to technical failure; 

  

	 	(ii)	the password specifications for the Designated Website change; 

  

	 	(iii)	any new information which is required to be provided under this Agreement is posted onto the Designated Website; 

  

	 	(iv)	any existing information which has been provided under this Agreement and posted onto the Designated Website is amended; or 

  

	 	(v)	the Borrower becomes aware that the Designated Website or any information posted onto the Designated Website is or has been infected by any electronic virus or similar software.

  

	 	(e)	If the Borrower notifies the Facility Agent under paragraph (d)(i) or paragraph (d)(v) above, all information to be provided by the Borrower under this Agreement after the date of
that notice shall be supplied in paper form, unless and until the Facility Agent and each Website Lender is satisfied that the circumstances giving rise to the notification are no longer continuing. 

  

 71 

	 	(f)	Any Website Lender may request, through the Facility Agent, one paper copy of any information required to be provided under this Agreement which is posted onto the Designated
Website. The Borrower shall comply with any such request within ten (10) Business Days. 

  

	19.	FINANCIAL COVENANTS 

 The covenants in this
Clause 19 remain in force from the Signing Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. 
  

	19.1	Financial Definitions 

  

	 	(a)	In this Agreement: 

 “Approved Bank”
means any bank which is an authorised banking institution under applicable legislation and whose short-term debt securities are rated at least P-1 by Moody’s or A-1 by Standard & Poor’s or as the Facility Agent may approve.

 “Cash” means: 
  

	 	(i)	cash in hand; and 

  

	 	(ii)	any credit balance in EUR or any other currency on any current, savings or deposit account with any Approved Bank that is repayable on demand or upon not more than ninety
(90) days’ notice, and any credit balance on the Cash Reserve Account. 

 “Cash Equivalents” means:

  

	 	(i)	debt securities denominated in EUR or USD which are not convertible into any other form of security, rated or issued by any person rated Aa2 or better by Moody’s or AA or
better by Standard & Poor’s and not issued or guaranteed by the Guarantor; 

  

	 	(ii)	debt securities denominated in EUR or USD which are not convertible into any other form of security, rated at least P-1 by Moody’s or A-1 by Standard & Poor’s and
not issued or guaranteed by the Guarantor; 

  

	 	(iii)	certificates of deposit denominated in EUR or USD issued by, and acceptances so denominated by, banking institutions authorised under applicable legislation which at the time of
making such issue or acceptances, have outstanding debt securities rated as provided in paragraph (ii) above; and 

  

	 	(iv)	such other securities (if any) as are approved as such in writing by the Facility Agent (acting on the instructions of the Majority Lenders), 

 which, in each case, have no more than twelve (12) Months to final maturity. 
  

 72 

 “EBIT” means, in respect of any Relevant Period, the profit on ordinary activities of
the Borrower but: 
  

	 	(i)	before taking into account Interest Payable; 

  

	 	(ii)	before deducting or providing for corporation tax or withholding tax (in each case whether current or deferred) or their equivalents in any Relevant Jurisdiction or any other taxes
on income or gains (excluding, for the avoidance of doubt, taxes or duties in respect of sales); 

  

	 	(iii)	before taking into account any extraordinary items (whether positive or negative) but after taking into account all exceptional items (whether positive or negative);

  

	 	(iv)	after taking into account any amount attributable to the depreciation of tangible assets; 

  

	 	(v)	after taking into account any amount attributable to the amortisation of subsidies, goodwill, intellectual property and other intangible assets; and 

  

	 	(vi)	after taking into account any amount attributable to net write-offs of tangible fixed assets from impairment tests or restructuring measures. 

 “EBITDA” means, in respect of any Relevant Period, EBIT for such Relevant Period before taking into account: 
  

	 	(i)	any amount attributable to the depreciation of tangible assets; 

  

	 	(ii)	any amount attributable to the amortisation of subsidies, goodwill, intellectual property and other intangible assets; and 

  

	 	(iii)	any amount attributable to net write-offs of tangible fixed assets from impairment tests or restructuring measures. 

 “Fixed Assets” means the aggregate net book value (based on the Borrower’s latest Fiscal Quarterly or audited annual financial
statements, as applicable), as at the date of computation, of the following assets of the Borrower: 
  

	 	(i)	all the property, plant and equipment (including Equipment purchased at such time), excluding the remaining book value of any assets under capital lease agreements in respect
thereof; 

  

	 	(ii)	the construction of the Project in progress; 

  

	 	(iii)	the full amount of all down payments up to an amount of two million five hundred thousand (2,500,000) EUR (or equivalent in another currency); and 

  

	 	(iv)	the excess, if any, of all Cash balances (and balances of Cash Equivalents) over the sum of: 

  

	 	(A)	the amount of Minimum Cash (if and to the extent required); 

  

	 	(B)	amounts on the Escrow Account; 

  

 73 

	 	(C)	amounts outstanding under the Revolving Credit Agreement; 

  

	 	(D)	prepayments made under the Cost Plus Reimbursement Agreement (this does not apply to prepayments made when due under the Cost Plus Reimbursement Agreement); and

  

	 	(E)	cumulative, accrued distributions to the Borrower’s Limited Partners (excluding capitalised Net Profits) to the extent at such time (x) payable by the Borrower in
accordance with the Partnership Agreement prior to the repayment of the Facility in full and (y) permitted to be paid under this Agreement. 

 “Interest Payable” means, in respect of any Relevant Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments; but, excluding interest
relating to Participations as permitted under paragraph (b)(i) of the definition of “Permitted Distributions”), interest accrued (excluding interest on intercompany loans to the extent not payable), commission, fees, discounts and
other finance charges of whatsoever nature payable by the Borrower (including any commission, fees, discounts and other finance charges payable by the Borrower under any interest rate hedging arrangement) but after deducting any commission, fees,
discounts and other finance charges receivable by the Borrower under any interest rate hedging arrangement. 
 “Loan to Fixed Asset
Value” means, the ratio of: 
  

	 	(a)	the aggregate amount of all EUR Outstandings and USD Outstandings less (i) the aggregate amount of any Loans the proceeds of which continue to be deposited in the Escrow
Account and (ii) the amounts, if any, to be maintained in the Cash Reserve Account pursuant to Clauses 6.2 (Supplemental Cash Reserves) and 20.35(Balancing Payments to and from Cash Reserve Account) in relation to the respective
Relevant Period (not including any amounts made to or to be made to pursuant to Clause 5.7 (b)), it being understood that all USD amounts shall for the purpose of determining such amount be converted for that purpose into EUR at the Facility
Agent’s Spot Rate of Exchange as per the end of any Relevant Period; to 

  

	 	(b)	Fixed Assets. 

 “Relevant Jurisdiction”
means, in respect of any person, the jurisdiction of the country in which such person is incorporated and, if different, where it is resident or has its principal place of business, and each jurisdiction or state in which it owns or leases property
or otherwise conducts its business. 
 “Relevant Period” means each period of twelve (12) months ending on the last day
of each of the Borrower’s financial years and/or each period of twelve (12) months that corresponds with four consecutive Fiscal Quarters ending on the Quarter Date on which the relevant calculation falls to be made. 
  

 74 

	 	(b)	All accounting expressions which are not otherwise defined in this Agreement shall be construed in accordance with the German GAAP from time to time. 

  

	19.2	Loan to Fixed Asset Value 

 The Borrower shall
ensure that the Loan to Fixed Asset Value as at the end of any Relevant Period specified in Column A below shall not exceed the percentage set out opposite such Relevant Period in Column B below: 
  

			
	 Column A
 (Relevant Period)
	  	 Column B
 (Maximum Percentage of Loan to
 Fixed Asset Value)

	 up to and including 31 December 2008
	  	50%
	 up to and including 31 December 2009
	  	45%
	 thereafter
	  	40%

  

	19.3	Calculations 

 All calculations made for the
purposes of the covenants set out in Clause 19.2 (Loan to Fixed Asset Value) shall be made by reference to the following: 
  

	 	(a)	where the Relevant Period to which such covenant relates ends on, or the Quarter Date to which such covenant relates falls on, the last day of any financial year of the Borrower,
the unaudited financial statements of the Borrower for each of the four Fiscal Quarters within that Relevant Period or, as the case may be, the unaudited financial statements of the Borrower for the Fiscal Quarter ending on that Quarter Date, in
each case as delivered pursuant to Clause 18 (Information Undertakings) or, when so delivered, the audited financial statements of the Borrower for that financial year; and 

  

	 	(b)	where the Relevant Period to which such covenant relates ends on, or the Quarter Date to which such covenant relates falls on, any other day, the unaudited financial statements of
the Borrower for each of the four consecutive Fiscal Quarters within that Relevant Period or, as the case may be, the unaudited financial statements of the Borrower for the Fiscal Quarter ending on that Quarter Date, in each case as delivered
pursuant to Clause 18 (Information Undertakings). 

  

	19.4	Financial Testing 

 The financial covenants set out
in this Clause 19 shall be tested: 
  

	 	(a)	by reference to each of the financial statements and each Compliance Certificate delivered pursuant to Clause 18.1 (Financial Statements) and Clause 18.2
(Compliance Certificate); and 

  

	 	(b)	following the first full Fiscal Quarter of the Borrower after the date of Technical Completion. 

  

 75 

	20.	GENERAL UNDERTAKINGS 

 The undertakings in this
Clause 20 remain in force from the Signing Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. 
  

	20.1	Authorisations 

  

	 	(a)	The Borrower shall promptly: 

  

	 	(i)	obtain, comply with and do all that is necessary to maintain in full force and effect; and 

  

	 	(ii)	supply certified copies to the Facility Agent of, 

 any
Authorisation required under any law or regulation of Germany to enable it to perform its obligations under the Transaction Documents and to ensure the legality, validity, enforceability or admissibility in evidence in Germany. 
  

	 	(b)	The Borrower shall: 

  

	 	(i)	ensure that it has the right and is duly qualified to conduct its business as it is conducted from time to time in Germany; 

  

	 	(ii)	obtain, comply with and do all that is necessary to maintain in full force and effect any Authorisation which is necessary for the conduct of its business in Germany; and

  

	 	(iii)	upon the Facility Agent’s written request supply the Facility Agent with copies of any such Authorisations. 

  

	20.2	Compliance with Laws 

 The Borrower shall at all
times comply in all material respects with any law or regulation applicable to it. 
  

	20.3	Negative Pledge 

  

	 	(a)	The Borrower shall not create or permit to subsist any Security over any of its assets. 

  

	 	(b)	The Borrower shall not: 

  

	 	(i)	sell, transfer or otherwise dispose of any of its assets on terms whereby they are or may be leased to or re-acquired by any member of the Group; 

  

	 	(ii)	sell, transfer or otherwise dispose of any of its receivables on recourse terms; 

  

	 	(iii)	enter into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts; or

  

	 	(iv)	enter into any other preferential arrangement having a similar effect, in circumstances where the arrangement or transaction is entered into primarily as a method of raising
Financial Indebtedness or of financing the acquisition of an asset. 

  

 76 

	 	(c)	Paragraphs (a) and (b) above do not apply to Permitted Security. 

  

	20.4	Disposals 

  

	 	(a)	The Borrower shall not enter into any agreement to sell, lease, transfer or otherwise dispose of all or any part of its assets or enter into or permit to subsist any option or other
arrangement (save as otherwise permitted by Clause 20.25 (Treasury Transactions) whereby any person has the right (whether or not exercisable only on a contingency) to require it to sell or otherwise dispose of all or any part of its assets.

  

	 	(b)	The Borrower shall not assign or dispose of any material rights or interests under any of the Project Documents or consent to any other party assigning its rights or interests under
any of the Project Documents other than under the Security Documents or to a person which is a party to the relevant Project Document where such assignment or disposal is provided for under the original terms of that Project Document.

  

	 	(c)	Paragraphs (a) and (b) above does not apply to any Permitted Disposal. 

  

	 	(d)	The Borrower will notify the Facility Agent within five (5) Business Days before the disposal of any Equipment whether in a single transaction or a series of transactions where
the aggregate market value of such Equipment exceeds five million (5,000,000) EUR (or its equivalent on the date of such disposal). 

  

	20.5	Change of Business 

  

	 	(a)	The Borrower shall not make, or take any steps to make, any substantial change to the general nature of its business from that of engaging in the Permitted Business.

  

	 	(b)	The Borrower shall not incur any expenditure other than in the ordinary course of its business or otherwise in accordance with the Project Documents or the Business Plan (as
modified pursuant to the applicable Management Plan). 

  

	20.6	Year End 

 Commencing 1 January 2004, the
Borrower shall ensure that each of its financial years and each Fiscal Quarter in each of its financial years shall end on a Quarter Date, unless such change is permitted by the requirements of Clause 18.3 (Requirements as to Financial
Statements) and to the extent it complies with the requirements set out therein. 
  

	20.7	Record Keeping 

 The Borrower shall: 
  

	 	(a)	keep proper records and books of account in respect of its business in accordance with German GAAP; and 

  

	 	(b)	permit reasonable access to the Facility Agent and/or any professional advisers (who are each bound by professional or other confidentiality obligations) appointed by the Facility
Agent to examine its records and books of account. 

  

 77 

	20.8	Constitutional Documents 

 The Borrower shall not
request any change to its constitutional documents or request or permit any change to any Participation Agreement in relation to its partnership interests, without the prior written consent of the Facility Agent, where such change relates to:

  

	 	(a)	the substitution, the role, the compensation or other rights to receive payments of the General Partner, the Second General Partner or a silent partner; 

  

	 	(b)	the voting rights of partners; 

  

	 	(c)	majority requirements; 

  

	 	(d)	the legal form of the Borrower; or 

  

	 	(e)	restrictions on pledges or transfers of partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations.

  

	20.9	Preservation of Assets 

 The Borrower shall maintain
and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, ordinary wear and tear excepted. 
  

	20.10	Insurance 

  

	 	(a)	The Borrower shall maintain the Required Insurance or ensure that the Required Insurance is maintained on and in relation to the Site, its business and its assets and shall maintain
such insurance or ensure that all such insurance is maintained as may be required by contract with reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as
that carried on by the Borrower in Germany. 

  

	 	(b)	Without limiting paragraph (a) above, the Borrower shall effect and maintain insurance or ensure that insurance is maintained as deemed sufficient by the Insurance Adviser and
as described in the Insurance Report. 

  

	 	(c)	The Borrower shall pay or cause to be paid all premiums, do all other things necessary (to the extent as is usual for prudent companies carrying on a business such as that carried
on by the Borrower in Germany) to maintain all the insurances that it has taken out or has ensured have been taken out in relation to its business and assets and will procure that all insurance policies or certificates of insurance (with the
exception of personal liability insurances and contractors’ all risks insurances until completion of the building phase) shall contain loss payee provisions acceptable to the Facility Agent and the Security Agent noting the Security
Agent’s interest thereon and naming the Security Agent as loss payee. 

  

	 	(d)	Required Insurance shall be contracted by either (i) the Borrower or (ii) the Guarantor in a way so that the Borrower is the sole loss payee of the Required Insurance
among the members of the Group. The Borrower shall supply the Facility Agent on request with copies of each receipt or other evidence satisfactory to the Facility Agent for all premiums and other amounts payable by the Borrower or on behalf of the
Borrower under the insurances effected and maintained pursuant to 

  

 78 

 paragraphs (a) and (b) above and shall, in any event, use all reasonable endeavours to procure
that the insurer in respect of such insurances undertakes to the Facility Agent to notify it should any renewal fee or other sum payable by the Borrower not be paid when due. 
  

	 	(e)	Upon request, the Borrower shall supply the Facility Agent with a copy of all insurance policies or certificates of insurance evidencing compliance with paragraphs (a) and
(b) above or (in the absence of the same) such other evidence of the existence of any insurance referred to in paragraphs (a) and (b) above as may be reasonably acceptable to the Facility Agent and shall, in any event, notify the
Facility Agent of any material changes to any such insurance made from time to time. 

  

	 	(f)	Notwithstanding the foregoing, the Borrower shall not be in breach of its obligations under this Clause 20.10 to the extent that insurances required to be taken out or maintained
hereunder are not available due to lack of capacity in the insurance market or the premiums in respect of any such insurances are unreasonable in the opinion of the Security Agent (taking into account advice received from the Insurance Adviser, and
acting on the instructions of the Majority Lenders having regard to the risk being covered and the rights and obligations of the Majority Lenders under this Agreement). A letter from the Insurance Adviser with respect to the capacity of the
insurance market shall be prima facie evidence of such capacity. 

  

	20.11	Intellectual Property 

 The Borrower shall:

  

	 	(a)	make such registrations and pay such fees and other amounts as are necessary to keep those registered Intellectual Property Rights owned by or registered in the name of the Borrower
which are material to its business or required by law in force, and to record its interest in those Intellectual Property Rights; 

  

	 	(b)	observe and comply with all material obligations and laws to which it in its capacity as registered proprietor, beneficial owner, user, licensor or licensee of the Intellectual
Property Rights (or any part thereof) is subject where failure to do so might reasonably be expected to have a Material Adverse Effect; 

  

	 	(c)	do all acts as are reasonably practicable (including, without limitation, the institution of legal proceedings) to maintain, protect and safeguard the Intellectual Property
necessary for its business as a whole; and 

  

	 	(d)	enter into and maintain such licence agreements, and obtain such authorisations, as are necessary for the Borrower to use all such Intellectual Property Rights which are material to
its business where failure to do so, after having taken all reasonable actions to enter into and maintain such licence agreements and obtain such authorisations, would or might reasonably be expected to have a Material Adverse Effect.

  

 79 

	20.12	Environmental Compliance 

 The Borrower shall obtain
and maintain all requisite Environmental Licences required in relation to the Project and will comply in all material respects with: 
  

	 	(a)	all applicable Environmental Laws relating to the Project; 

  

	 	(b)	the terms and conditions of all Environmental Licences required in relation to the Project and applicable to it; and 

  

	 	(c)	all other covenants, conditions, restrictions and agreements entered into by or binding on the Borrower directly or indirectly concerned with any Environmental Contamination
required in relation to the Project, 

 in each case where failure to do so would or might reasonably be expected to have a
Material Adverse Effect. 
  

	20.13	Environmental Claims 

 The Borrower shall inform the
Facility Agent in writing as soon as reasonably practicable upon its becoming aware of: 
  

	 	(a)	any Environmental Claim which has been commenced or threatened against the Borrower; or 

  

	 	(b)	any facts or circumstances which will or are reasonably likely to result in any Environmental Claim being commenced or threatened against the Borrower, 

 where the claim might, if determined against the Borrower, reasonably be expected to have a Material Adverse Effect. 
  

	20.14	The Site, the Project Works and Rights of Access and Information 

  

	 	(a)	The Borrower shall procure that the Project Works are maintained in all material respects in accordance with the requirements of the relevant Project Documents.

  

	 	(b)	The Borrower shall maintain all easements, way leaves and other rights of access acquired and/or vested in it required to implement the Project in accordance with the Project
Documents and will use best efforts to obtain any other easements, way leaves and other rights of access which it will require in the future in connection with the Project. 

  

	 	(c)	The Borrower shall give the Facility Agent, the Security Agent, the Lenders, the Project Engineer and the Technical Adviser reasonable access to the Site and the Equipment and
permit the Facility Agent, the Security Agent, the Lenders, the Project Engineer and/or the Technical Adviser to inspect the same, in each case, during regular business hours upon the request of the Facility Agent; provided that, if no
Default is continuing, such right of access and/or inspection shall not be exercised more than twice in any calendar year, or, in the case of the Security Agent, as permitted under any Security Document. 

  

	 	(d)	The Borrower agrees that the Federal/State Guarantors or any person acting on their behalf is entitled to access, upon prior written notice, to all property of the Borrower
(including the Site and Equipment) at all times to investigate whether a claim (or any ground for making one) under the Federal/State Guarantee exists, existed or is reasonably foreseeable. 

  

 80 

	 	(e)	The Borrower must provide the Federal/State Guarantors with any information required by them in relation to the Federal/State Guarantee. 

  

	 	(f)	Each Finance Party is entitled to disclose any information in relation to the Facility and the Security granted under the Security Documents to the Federal/State Guarantors upon its
request. 

  

	 	(g)	The Borrower will pay the costs of any inspection by or on behalf of the Federal/State Guarantors under this Clause 20.14. 

  

	 	(h)	The terms of paragraphs (d), (e), (f) and (g) above are for the benefit of, and may be relied on by, the third party which is contemplated by the relevant paragraph
(echter Vertrag zugunsten Dritter). 

  

	20.15	Taxation 

  

	 	(a)	The Borrower shall duly and punctually pay and discharge all Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties, save to the
extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	 	(b)	The Borrower shall not be materially overdue in the filing of any Tax returns. 

  

	 	(c)	The Borrower shall ensure that it continues to be resident for Tax purposes in Germany. 

  

	20.16	Security 

  

	 	(a)	Save as otherwise permitted by the terms of the Finance Documents, the Borrower shall ensure that any Security expressed to be created by it by or pursuant to, or, as the case may
be, expressed to have been created by it and to be evidenced in, any Security Document to which it is a party remains in full force and effect with the ranking and priority it is expressed to have. 

  

	 	(b)	Save as otherwise permitted by the terms of the Finance Documents, the Borrower shall not do or omit to do anything or knowingly permit or cause anything to be done or omitted to be
done which would or could adversely affect any Security expressed to be created by any Obligor by or pursuant to, or any Security expressed to have been created by any Obligor and to be evidenced in, any Security Document to which it is a party.

  

	 	(c)	The Borrower shall take all such action as the Facility Agent or the Security Agent may reasonably request for the purpose of perfecting any such Security. 

 

	 	(d)	The Borrower shall, if the Security Agent lawfully and in accordance with the terms of the Finance Documents exercises any power (whether of sale or other disposal or otherwise) or
right with respect to the Charged Assets, permit the exercise of such power or right. 

  

 81 

	 	(e)	The Borrower will ensure that all of its claims and contractual rights under all present and future Material Contracts, and all successor contracts, are assigned to the Security
Agent. 

  

	 	(f)	The Borrower has granted or will grant the Security set out in No. 8 of the Federal/State Guarantors Decision to the Security Agent or the Finance Parties, as the case may be.
This includes (but is not limited to) a security assignment of all claims under all insurance contracts taken out by the Borrower in relation to the Project (with the exception of personal liability insurances and contractors’ all risks
insurances until completion of the building phase) as well as a security assignment of all payment claims of the Borrower based on all legal grounds. 

  

	 	(g)	The Borrower shall ensure that all its obligations under the Finance Documents shall be secured (and remain secured until all such obligations have been discharged in full) by the
Security it has created in favour of the Finance Parties over all the real property owned by it. 

  

	 	(h)	If any new Security is effectively granted to the Security Agent or the Finance Parties (as the case may be) otherwise than in the circumstances set out in paragraph (e) above,
then the Security Agent must promptly notify the Federal/State Guarantors. 

  

	 	(i)	If the Federal/State Guarantors make a payment in respect of a claim by the Security Agent under the Federal/State Guarantee in accordance with its terms, then the Security Agent
must transfer any remaining rights and claims that it has under the Security Documents to the Federal/State Guarantors to the extent of the amount of that payment unless that transfer automatically takes place by operation of law.

  

	20.17	Pari Passu Ranking 

 The Borrower shall ensure that
its payment obligations under the Finance Documents will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors except for obligations mandatorily preferred by law applying to creditors or certain types of
creditors generally. 
  

	20.18	Minimum Cash Balances 

  

	 	(a)	The Borrower shall maintain in accounts held with Dresdner Bank AG during each Relevant Period specified in Column A below the minimum amount of freely available Cash (for the
avoidance of doubt, excluding any amounts deposited in the Escrow Account) and Cash Equivalent balances set out opposite such Relevant Period in Column B below: 

  

			
	 Column A
 (Relevant Period)
	  	 Column B
 (Balance)

	 From the date of initial Utilisation to 31 March 2006
	  	EUR50,000,000
		
	 the later of:
 (i) the date of initial Utilisation; and
 (ii) 1 April 2006 through 30 June 2006
	  	 EUR75,000,000

		
	 the later of:
 (i) the date of initial Utilisation; and
 (ii) 1 July 2006 and thereafter
	  	 the lesser of:
 (i) EUR100,000,000; and
 (ii) 50% of Outstandings and undrawn Commitments.

  

 82 

 (the “Minimum Cash”). The Borrower may elect to satisfy the Minimum Cash requirement by
maintaining Cash balances and Cash Equivalent balances only in USD, in an aggregate amount equivalent to the relevant amounts as stated above, if and as long as the Group Consolidated Cash, as shown in the most recent financial statements and
certificates to be provided to the Facility Agent pursuant to the terms of the Guarantee Agreement, amounts to no less than USD 500,000,000. If the Borrower maintains such balances in USD, compliance with the Minimum Cash requirement shall be
measured on the last Business Day of each Month by reference to the Facility Agent’s Spot Rate of Exchange on that Business Day. 
  

	 	(b)	The amount of Minimum Cash shall be increased by five (5) per cent. of the total amount of the Outstandings at the end of the Availability Period within five
(5) Business Days of the first time the Facility Agent (acting on the instructions of the Majority Lenders) directs the Borrower to increase the Cash reserves pursuant to Clause 6.2 (Supplemental Cash Reserves), unless the Federal/State
Guarantors have vetoed such increase within seven (7) days after the Repayment Date following the lowering of the Credit Rating (as set out in Clause 6.2 (Supplemental Cash Reserves)) and by a further five (5) per cent. of
the total amount of the Outstandings at the end of the Availability Period within five (5) Business Days of each subsequent time the Borrower is so directed by the Facility Agent (acting on the instructions of the Majority Lenders), unless the
Federal/State Guarantors have vetoed such increase within seven (7) days after the Repayment Date following the lowering of the Credit Rating (as set out in Clause 6.2 (Supplemental Cash Reserves)); provided that, the obligation
to hold such increased Minimum Cash amounts shall end upon the Credit Rating being at least Ba3 by Moody’s and BB- by Standard & Poor’s and at no time will the Borrower be required to maintain the Minimum Cash over and above the
Outstandings at such time. In connection with the foregoing, the Facility Agent and the Borrower undertake to promptly inform the Federal/State Guarantors (if possible, together with any relevant documents in connection therewith) with respect to an
expected downgrade of the Credit Rating (effort clause). 

  

	 	(c)	Provided that no Event of Default has occurred and is continuing, paragraph (a) above shall not apply when (i) the amount of Group Consolidated Cash is equal to or higher
than one billion (1,000,000,000) USD, as shown in the financial statements and other financial information provided by the Guarantor in accordance with Clause 11 (Information Undertakings) of the Guarantee Agreement, and (ii) the
Credit Rating is B3 or better by Moody’s and B- or better by Standard & Poor’s. 

  

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	20.19	Transaction Documents 

 The Borrower shall comply in
all material respects with and perform all of its obligations under the Transaction Documents to which it is a party. 
  

	20.20	Subordinated Debt 

 Other than as permitted pursuant
to Clause 20.21 (Distributions), from the date of first Utilisation, the Borrower shall not: 
  

	 	(a)	pay, repay, prepay, redeem, purchase, return or otherwise retire the principal amount of any indebtedness; or 

  

	 	(b)	pay any interest or return on principal or repayment of principal or other distribution (whether in Cash or kind) or make any distribution of assets or other payments whatsoever in
respect of any indebtedness, 

 in each case under any intra Group loan document and/or Subordinated Loan other than in
accordance with the Subordination Agreement. 
  

	20.21	Distributions 

  

	 	(a)	From the date of first Utilisation, the Borrower shall ensure that no profit distribution, repayment of capital or other distribution (whether in Cash or in kind) is made in respect
of: 

  

	 	(i)	its contributed capital to the Limited Partners; or 

  

	 	(ii)	a Subordinated Loan, other than in accordance with the Subordination Agreement; or 

  

	 	(iii)	a payment to the Guarantor or any Affiliate other than in respect of the amounts due to the Guarantor or Affiliate under a transaction at arm’s length, which transaction does
not constitute Financial Indebtedness of the Borrower, or in accordance with the Project Documents, 

 subject at all times to
the maintenance of the Minimum Cash. 
  

	 	(b)	Paragraph (a) above does not apply to Permitted Distributions. 

  

	20.22	Merger 

 The Borrower shall not enter into any
amalgamation, demerger or merger. 
  

	20.23	Indebtedness 

 From the date of first Utilisation,
the Borrower shall not: 
  

	 	(a)	incur, create or permit to subsist or have outstanding any Financial Indebtedness or enter into any agreement or arrangement whereby it is entitled to incur, create or permit to
subsist any Financial Indebtedness, other than, in either case, Permitted Indebtedness; or 

  

	 	(b)	any other indebtedness, except as incurred in the ordinary course of its business. 

  

 84 

	20.24	Loans Out, Guarantees and Contingent Liabilities 

  

	 	(a)	The Borrower shall not: 

  

	 	(i)	make any loans, grant any credit or provide any other financial accommodation to or for the benefit of any person, including any of its shareholders; 

  

	 	(ii)	give any guarantee or indemnity to or for the benefit of any person or otherwise voluntarily assume any liability, whether actual or contingent, in respect of any obligation of any
person; or 

  

	 	(iii)	be or become directly or indirectly or actually or contingently liable for any loss, damage or expense resulting from the non-payment or breach of any obligation of any other
person. 

  

	 	(b)	Paragraph (a) above does not apply to Permitted Loans and Guarantees and to Permitted Security. 

  

	20.25	Treasury Transactions 

 The Borrower shall not enter
into any Treasury Transaction except for any foreign exchange transactions for spot or forward delivery entered into in the ordinary course of business (and not for investment or speculative purposes) to hedge currency and interest rate-related
exposures incurred by it. 
  

	20.26	Fees and Commissions 

 The Borrower shall not pay
any fees or commissions to any person other than: 
  

	 	(a)	any fees payable on arm’s length terms to third parties who have rendered service or advice to it which were required by it in the ordinary course of business; or

  

	 	(b)	as required under the Transaction Documents (including the Federal/State Guarantee), including, but not limited to, payments of the initial and current fees for the Federal/State
Guarantee in accordance with the “Hinweise” attached hereto in Schedule 18. 

  

	20.27	Arm’s Length Basis 

 The Borrower will not
enter into any arrangement or contract with any of its Affiliates or any other member of the Group save where such arrangement or contract is entered into on an arm’s length basis. 
  

	20.28	Acquisitions and Investments 

 The Borrower shall
not: 
  

	 	(a)	purchase, subscribe for or otherwise acquire any shares (or other securities or any interest therein) in, or incorporate, any other company or agree to do any of the foregoing; or

  

 85 

	 	(b)	purchase or otherwise acquire any assets (other than in the ordinary course of business) or (without limitation to any of the foregoing) acquire any business or interest therein or
agree to do so. 

  

	20.29	Joint Ventures 

 The Borrower shall not :

  

	 	(i)	form, or enter into, or permit to subsist; 

  

	 	(ii)	purchase, subscribe for or otherwise acquire any shares (or other securities or any interest therein) in; or 

  

	 	(iii)	transfer any assets to, or lend to, or guarantee or give Security for the obligations of, 

 any partnership, consortium or Joint Venture in which it has or will have an interest or agree to do any of the foregoing. 
  

	20.30	Amendments to Transaction Documents 

 The Borrower
shall not amend, vary, novate, supplement or terminate any Transaction Document to which a Finance Party is not a party delivered to the Facility Agent pursuant to Clause 4 (Conditions of Utilisation), or waive any right thereunder, except
for: 
  

	 	(a)	any of the foregoing which is expressly consented to in writing by the Facility Agent acting on the instructions of the Majority Lenders or, pursuant to Clause 33.2
(Exceptions), all Lender consent; or 

  

	 	(b)	any amendment, variation or waiver which is of a minor or technical nature or would not adversely affect the rights of the Finance Parties under the Finance Documents.

  

	20.31	Auditors 

 The Borrower shall at all times have its
accounts audited by the Auditors. 
  

	20.32	Subsidiaries 

 The Borrower shall not own any
shareholdings in any Subsidiaries. 
  

	20.33	Personnel 

 Following the date of Technical
Completion, at least eighty (80) per cent. of the personnel not engaged in general or administrative activities of the Borrower will at all times be employees of the Borrower itself. 
  

	20.34	Subsidies 

 The Borrower undertakes to comply with
and to fulfill all covenants and other ancillary requirements applicable to it in connection with the grant and/or allowance of subsidies (Investitionszuschüsse/Investitionszulagen) to it under the Subsidy Agreement. The Borrower
also undertakes to ensure that all obligations (as the case may be, as amended from time to time) undertaken by it in connection with the granting of other state aid (in particular, investment allowances) are fulfilled. 
  

 86 

	20.35	Balancing Payments to and from Cash Reserve Account 

  

	 	(a)	On the last Business Day of each Month, the Facility Agent will determine the difference, if any, between (i) the USD equivalent of seven hundred million (700,000,000) EUR
(or any relevant lesser amount pursuant to paragraph (a) of Part III (Further Conditions Precedent) of Schedule 2 (Conditions Precedent), as the case may be), as reduced by repayments (calculated in each case in accordance with
paragraph (b) of Clause 6.1 (Repayment of the Loans) in EUR on the nominal amount of seven hundred million (700,000,000) EUR), prepayments (in case of prepayments in USD, calculated in EUR at the Facility Agent’s Spot Rate of
Exchange on the date of prepayment) and the full amount of all cancellations, less the amount of EUR Outstandings, determined on the basis of the Facility Agent’s Spot Rate of Exchange on that Business Day (the “Current
Limit”), and (ii) the sum of the total USD Outstandings (the “USD Amount”), and will notify the Borrower in writing on that same days of the difference amount. If the USD Amount is higher than the Current Limit, the
Borrower shall pay into the Cash Reserve Account, in addition to the amounts which shall be paid into the Cash Reserve Account pursuant to paragraph (b) of Clause 5.7 (Selection of Currency) (whether prior to a Utilisation or at a time
when the requirements for disapplying this paragraph (a) pursuant to paragraph (b) below are no longer fulfilled) and to be maintained therein, an amount equal to the difference within five (5) Business Day after the date of the
notification. From the amounts so paid to the Cash Reserve Account, the Borrower shall be entitled to withdraw amounts by which the USD Amount is lower than the Current Limit, from the Business Day following receipt of notification by the Facility
Agent. 

  

	 	(b)	Provided that no Event of Default has occurred and is continuing, paragraph (a) above shall not apply when (i) the amount of Group Consolidated Cash is equal to or higher
than one billion (1,000,000,000) USD, as shown in the financial statements and other financial information provided by the Guarantor in accordance with Clause 11 (Information Undertakings) of the Guarantee Agreement, and (ii) the
Credit Rating is B3 or better by Moody’s and B- or better by Standard & Poor’s. 

  

	20.36	Reconversion of USD Outstandings 

 Upon the
occurrence of an Event of Default, all USD Outstandings will be converted into EUR Outstandings with effect as of a date notified to the Borrower by the Facility Agent in writing no later than two Business Days prior thereto, on the basis of the
Facility Agent’ Spot Rate of Exchange as per the date of such notice. The Borrower shall pay to the Facility Agent, for the account of the Lenders, on the Business Day following the date of the notice an amount equivalent to the sum of
(i) the excess of the USD Amount over the Current Limit determined as per the date of the Facility Agent’s notice and (ii) the amount specified by the Facility Agent as the Break Costs and the other costs reasonably incurred, and
losses suffered, by the Finance Parties as a result of the conversion. Upon receipt by the Facility Agent of such payment, or if the relevant USD Amount is equal to or lower than the relevant Current Limit on the day of the Facility Agent’s
notice, the Cash Account Pledge shall be released by the Security Agent and the Lenders. 
  

 87 

	20.37	Material Adverse Effect 

 The Borrower shall not
enter into any agreement or obligation: 
  

	 	(i)	which could have a Material Adverse Effect; or 

  

	 	(ii)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by any Obligor. 

  

	21.	EVENTS OF DEFAULT 

  

	21.1	Acceleration 

 On and at any time after the
occurrence of an event or circumstance set out in this Clause 21 which is continuing and, if in case of an event or circumstance pursuant to Clause 21.3 (Financial Covenants), Clause 21.5 (Misrepresentation),
Clauses 21.9 (Ownership of the Borrower) to 21.14 (Auditors’ Qualification), Clauses 21.16 (Change of Control) to 21.19 (Project Documents) and paragraphs (c) and (d) of Clause 21.21
(Guarantor’s Non-Compliance), such event or circumstance has adverse consequences for the Lenders’ risk and security position, such event or circumstance shall constitute an event of default (an “Event of Default”).
Upon the occurrence of an Event of Default the Lenders shall be entitled to terminate this Agreement for cause (wichtiger Grund), and to avail themselves in such case of the rights enumerated below: 
  

	 	(a)	the Borrower shall not be entitled to make any distributions or other payments to the Guarantor or the Limited Partners, or any of their Affiliates; and 

  

	 	(b)	subject to either: 

  

	 	(i)	the Federal/State Guarantors’ consent; or 

  

	 	(ii)	the lapse of three (3) Months after the occurrence of such Event of Default (for the avoidance of doubt, such three (3) Month period will be inclusive of any cure period
provided for in this Clause 21), 

 the Facility Agent may, and shall if so directed by the Majority Lenders or by the
Federal/State Guarantors, by notice to the Borrower: 
  

	 	(A)	cancel the Total Commitments whereupon they shall immediately be cancelled; 

  

	 	(B)	declare that all or part of the Loans, together with accrued interest, and all other amounts accrued under the Finance Documents be immediately due and payable, whereupon they shall
become immediately due and payable; 

  

	 	(C)	declare that all or part of the Loans be payable on demand, whereupon they shall immediately become payable on demand by the Facility Agent on the instructions of the Majority
Lenders; and/or 

  

	 	(D)	exercise, or direct the Security Agent to exercise, all or any of its or, as the case may be, the Security Agent’s rights, remedies, powers or discretions under any of the
Finance Documents. 

  

 88 

	21.2	Non-Payment 

 An Obligor does not pay on the due
date any amount payable pursuant to a Finance Document at the place at and in the currency in which it is expressed to be payable, unless payment is made within five (5) Business Days of its due date. 
  

	21.3	Financial Covenants 

 Any requirement of
Clause 19 (Financial Covenants) and/or Clause 12 (Financial Covenants) of the Guarantee Agreement is not satisfied. 
  

	21.4	Other Obligations 

  

	 	(a)	The Borrower fails to comply with a material provision under this Agreement (other than those referred to in Clause 21.2 (Non-Payment) and Clause 21.3 (Financial
Covenants)) and/or either Obligor does not comply with any material provision of any other Finance Document. 

  

	 	(b)	The Borrower fails to comply with any provision under Clause 18 (Information Undertakings). 

  

	 	(c)	The Borrower fails to comply with any provision under this Agreement (other than those referred to in Clause 21.2 (Non-Payment), Clause 21.3 (Financial
Covenants), paragraphs (a) and (b) of this Clause 21.4 and paragraph (b) of Clause 21.20 (Equity Contributions and Subordinated Loans)) and/or either Obligor does not comply with any provision of any other Finance
Document (other than those referred to in paragraphs (a) or (b) of Clause 21.21 (Guarantor’s Non-Compliance)). 

  

	 	(d)	No Event of Default will occur under: 

  

	 	(i)	paragraph (a) or paragraph (b) of this Clause 21.4 if the failure to comply is capable of remedy and is remedied within five (5) Business Days; or

  

	 	(ii)	paragraph (c) of this Clause 21.4 if the failure to comply is capable of remedy and is remedied within twenty (20) Business Days, 

 of the Facility Agent giving notice to the Borrower or the Borrower becoming aware of the failure to comply. 
  

	21.5	Misrepresentation 

 Any representation or statement
made or deemed to be made by an Obligor in the Finance Documents or any other document delivered by or on behalf of either Obligor under or in connection with any Finance Document is or proves to have been incorrect or misleading in any material
respect when made or deemed to be made or repeated. 
  

	21.6	Cross Default 

  

	 	(a)	Any liability of the Borrower for a single principal amount of indebtedness of five million (5,000,000) EUR (or its equivalent in any other currency or currencies on the date
of default) or more or of the Guarantor for a single principal amount of twenty million (20,000,000) EUR (or its equivalent in any other currency or currencies on the date of default) or more is not paid when due and payable nor within any
originally applicable grace period. 

  

 89 

	 	(b)	Any liability of the Borrower for a single principal amount of Financial Indebtedness of five million (5,000,000) EUR (or its equivalent in any other currency or currencies of
default) or more or of the Guarantor for a single principal amount of twenty million (20,000,000) EUR (or its equivalent in any other currency or currencies on the date of default) or more is declared to be or otherwise becomes due and payable
prior to its specified maturity as a result of an event of default (however described). 

  

	 	(c)	No Event of Default will occur under this Clause 21.6 if, in any such case, the relevant indebtedness or Financial Indebtedness, as the case may be, is being contested in good
faith or Security has been provided to the creditor of the relevant indebtedness or Financial Indebtedness, as the case may be, to the satisfaction of such creditor. 

  

	21.7	Insolvency 

  

	 	(a)	The Borrower, the Second General Partner, any Limited Partner affiliated to the Borrower or any direct or indirect German Holding Company of the Borrower (the “Relevant
German Company”) is unable to pay its debts as they fall due (Zahlungsunfähigkeit), suspends making payments on any of its debts or, for any of the reasons set out in Sections 17-19 of the German Insolvenzordnung, the
Relevant German Company files for insolvency (Antrag auf Eröffnung eines Insolvenzverfahrens) or the board of directors (Geschäftsführung) of the Relevant German Company is required by law to file for insolvency or the
competent court takes any of the actions set out in Section 21 of the German Insolvenzordnung or institutes insolvency proceedings against the Relevant German Company (Eröffnung des Insolvenzverfahrens) or any event occurs or
proceedings commence, appointments are sought or other procedures or steps are taken with respect to the Relevant German Company which, under the laws of any jurisdiction to which it is subject or in which it has assets, has a similar or analogous
effect and in the event that such proceedings, appointments or other procedures or steps applied for or commenced by a third party, only to the extent that the same are not dismissed within sixty (60) days of the commencement of such
proceedings, procedures or steps or such appointment. 

  

	 	(b)	Proceedings have been applied for or commenced in respect of the Guarantor or the General Partner seeking: 

  

	 	(i)	to have an order for relief entered; or 

  

	 	(ii)	a declaration that the Guarantor or the General Partner is insolvent; or 

  

	 	(iii)	a declaration or finding, or seeking dissolution, winding-up, charter revocation or forfeiture, liquidation, reorganisation, arrangement, adjustment, composition or other similar
relief with respect to the Guarantor or the General Partner, their respective assets or their respective debts, 

 under any law
relating to bankruptcy, insolvency, relief of debtors or protection of creditors, termination of legal entities or any other similar law now or hereafter in effect and which are not dismissed within sixty (60) days of the commencement of such
proceedings or such appointment. 
  

 90 

	 	(c)	The Guarantor or the General Partner: 

  

	 	(i)	voluntarily suspends transaction of its business, ceases payment of its creditors or makes a general assignment for the benefit of its creditors; 

  

	 	(ii)	applies for or institutes any of the proceedings described in paragraph (b) above, or (whether or not any such proceeding have been applied for or commenced) consents to or
acquiesces in any such order for relief, declaration, finding or other similar relief described in paragraph (b) above, or to the taking of possession by any custodian, receiver, trustee, liquidator, assignee, sequestrator or other officer
having similar powers of all or any substantial part of its property; 

  

	 	(iii)	dissolves, winds-up, revokes or forfeits its charter (or other constituent documents) or liquidates itself or any substantial part of its property; or 

  

	 	(iv)	takes any corporate or similar action in furtherance of any of the foregoing. 

  

	21.8	Creditors’ Process 

 Any attachment,
sequestration, distress or execution affects: 
  

	 	(a)	any asset or assets of a Relevant German Company or the General Partner pursuant to a claim having an aggregate amount of one million (1,000,000) EUR (or its equivalent on the
date on which it takes effect) or more; or 

  

	 	(b)	all or substantially all of the assets of the Guarantor pursuant to a claim having an aggregate amount of thirty million (30,000,000) Dollars (or its equivalent on the date on
which it takes effect) or more; 

 and is not discharged within thirty (30) days. 
  

	21.9	Ownership of the Borrower 

 The Guarantor ceases to
own, directly or indirectly, a majority of the voting capital of the Borrower without having first obtained the prior written consent of the Majority Lenders and the Federal/State Guarantors, such consent not having been unreasonably withheld or
delayed. 
  

	21.10	Finance Documents 

 If: 
  

	 	(a)	it is or becomes unlawful for a Security Provider to perform any of its material obligations under the Finance Documents; 

  

	 	(b)	a Security Provider repudiates a material obligation under Finance Document or repudiates or terminates a Finance Document; 

  

	 	(c)	a Security Provider evidences an intention to repudiate a material obligation under a Finance Document or an intention to repudiate or terminate a Finance Document; or

  

 91 

	 	(d)	any material term of a Finance Document is not or ceases to be binding on or enforceable against a Security Provider. 

  

	21.11	Transaction Security 

 If: 
  

	 	(a)	any Transaction Security is not in full force and effect in accordance with its terms with the ranking and priority it is expressed to have; or 

  

	 	(b)	an Obligor repudiates any of the Transaction Security or evidences an intention to repudiate any of the Transaction Security. 

  

	21.12	Proceedings Pending 

  

	 	(a)	Any litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency which has had or is likely to have a Material Adverse Effect is or are
started or filed against any Obligor. 

  

	 	(b)	Any final (rechtskräftig) judgment of any litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency adversely determined
against an Obligor that exceeds an aggregate amount of thirty million (30,000,000) EUR (or its equivalent on the date of such judgment). 

  

	 	(c)	Any material collective labour dispute occurs which has or is reasonably likely to have a Material Adverse Effect. 

  

	21.13	Cessation of Business 

 Any Obligor ceases to carry
on all or any substantial part of its business or proposes to do so. 
  

	21.14	Auditors’ Qualification 

 The Auditors qualify
their certification of the audited financial statements (Einschränkung des Bestätigungsvermerks) of the Borrower or qualify their report in any manner that is, in the opinion of the Majority Lenders, materially adverse in the
context of the Finance Documents and the transactions contemplated by the Finance Documents. 
  

	21.15	Material Adverse Change or Effect 

 Any event or
circumstance occurs which the Majority Lenders reasonably believe has had or is likely to have a Material Adverse Effect. 
  

	21.16	Change of Control 

 There is a Change of Control.

  

	21.17	Authorisations and Intellectual Property 

  

	 	(a)	Any material Authorisation (including, but not limited to, Authorisations under building laws and under the Federal Immission Protection Act – BImSchG) of the Borrower
or in respect of the Borrower’s business (other than an Authorisation in respect of a Transaction Document or any Intellectual Property) is adversely 

  

 92 

 amended, terminated, suspended, withdrawn or revoked, in whole or in part, or does not remain in full
force and effect or otherwise expires and is not renewed prior to its expiry (in each case, without an alternative or replacement Authorisation, on terms reasonably satisfactory to the Facility Agent, being in place within thirty (30) days and
having substantially equivalent effect). 
  

	 	(b)	Any Intellectual Property or Authorisation in respect thereof which is material to the Obligors’ business conflicts with the rights of any third party or is adversely amended,
terminated, suspended, withdrawn or revoked, in whole or in part, with a Material Adverse Effect in either case. 

  

	21.18	Misappropriation 

 The Borrower utilises the
Facility in whole or in part for any purposes other than those set out in Clause 3 (Purpose). 
  

	21.19	Project Documents 

 If: 
  

	 	(a)	it is or becomes unlawful for any party to perform under a Project Document in respect of any material provision thereof; 

  

	 	(b)	any party repudiates a Project Document or evidences an intention to repudiate a Project Document; or 

  

	 	(c)	any material term of a Project Document is not or ceases to be binding on or enforceable against a party thereto, 

 the consequences of which would adversely affect the rights of the Finance Parties under the Finance Documents. 
  

	21.20	Equity Contributions and Subordinated Loans 

  

	 	(a)	Any of the Limited Partners fails to make a contribution to the partnership capital of the Borrower in accordance with the terms of the Partnership Agreement and/or fails to provide
Subordinated Loans in accordance with the terms of the Subordinated Loan Agreement; unless, the defaulting Limited Partner’s: 

  

	 	(i)	share of equity is covered; and/or 

  

	 	(ii)	Subordinated Loans are provided in the requisite amount, 

 by another Limited Partner or third parties approved by, and on terms satisfactory to, the Majority Lenders and the Federal/State Guarantors within sixty (60) days after the due date of any such equity contribution or Subordinated
Loans; however, within one hundred and eighty (180) days thereafter, such equity contribution or Subordinated Loans may be replaced by third party equity or other Subordinated Loans approved by, and on terms satisfactory to, both the Majority
Lenders and the Federal/State Guarantors. 
  

	 	(b)	Any payments are made by the Borrower contrary to the terms of the Subordination Agreement. 

  

 93 

	 	(c)	No Event of Default will occur under paragraph (b) of this Clause 21.20 if the relevant payments relate to ones which are made by the Borrower contrary to the terms of the Cost
Plus Reimbursement Agreement or Management Service Agreement and the correct payments are made within five (5) Business Days from the date on which they were due and payable. 

  

	21.21	Guarantor’s Non-Compliance 

 The Guarantor does
not comply with its obligations in relation to any of the following: 
  

	 	(a)	to make a payment under the Cost Plus Reimbursement Agreement; 

  

	 	(b)	to make payments to the Borrower, or otherwise to provide funds to the Borrower, in each case without delay in the amount of any Cash Shortfalls, by way of equity contributions,
Subordinated Loans or, as the case may be, prepayment for products and/or services (not in excess, however, of the Guarantor’s obligations under the Guarantee Agreement, the Subordinated Loan Agreements, the Revolving Credit Agreement and the
Partnership Agreement, and not giving rise to any right of any person (with the exception of the Borrower (to the extent that it is still a member of the Group)) to enforce the relevant funding arrangements); 

  

	 	(c)	to provide management and/or technical support to the Borrower pursuant to the Project Documents; or 

  

	 	(d)	to indemnify the Borrower no later than by the due date thereof for any tax payments required to be made by the Borrower pursuant to any tax assessment made by the competent tax
authorities in view of transactions not made on an arms’ length basis, 

 unless failure by the Guarantor to comply with
any such obligation mentioned in relation to: 
  

	 	(i)	paragraph (a) or paragraph (b) above is capable of remedy and is remedied within seven (7) Business Days of its respective due date; and 

  

	 	(ii)	paragraph (c) or paragraph (d) above is capable of remedy and is remedied within twenty (20) Business Days of the Borrower receiving notice thereof.

  

 94 

 SECTION 8 
 CHANGES TO PARTIES 
  

	22.	CHANGES TO THE LENDERS 

  

	22.1	Assignments and Transfers by the Lenders 

  

	 	(a)	Subject to this Clause 22, a Lender (the “Existing Lender”) may assign and transfer any of its rights and obligations under this Agreement to another bank,
financial institution, trust, fund, special purpose vehicle or other entity established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the “New Lender”); provided that, in
case of an assignment or transfer to a New Lender (i) the consent of the Federal/State Guarantors is obtained or has not been unreasonably withheld or delayed; and (ii) the consent of the Borrower is obtained, such consent not to be
unreasonably withheld or delayed (the Borrower being deemed to have given such consent ten (10) Business Days after the Borrower and the Guarantor have been given notice of a request for such an assignment or transfer, unless such request is
expressly refused within that time). 

  

	 	(b)	In addition to any other assignment or participation rights provided in this Clause 22, each Lender may assign or pledge all or any portion of its Loans and the other
obligations owed to such Lender, without (unless required by applicable law) notice to or consent of the Borrower, to any federal reserve bank or central bank or multilateral bank; provided, however, that: 

  

	 	(i)	no Lender shall be relieved of any of its obligations hereunder as a result of such assignment or pledge; and 

  

	 	(ii)	in no event shall such federal reserve bank or central or multilateral bank be considered to be a “Lender” or be entitled to require the assigning Lender to take or
omit to take any action hereunder. 

  

	22.2	Conditions of Assignment and Transfer 

  

	 	(a)	The consent of neither the Borrower nor any other Obligor is required for an assignment or transfer by a Lender to another Lender or one of its Affiliates. 

 

	 	(b)	An assignment or transfer of a Lender’s Commitment must be in a minimum amount of ten million (10,000,000) EUR or any higher amount which is an integral multiple of
one million (1,000,000) EUR unless all of such Lender’s Commitment and participation in the EUR Outstandings and the USD Outstandings are assigned or transferred. 

  

	 	(c)	An assignment will only be effective on receipt by the Facility Agent of written confirmation from the New Lender (in form and substance satisfactory to the Facility Agent) that the
New Lender will assume the same obligations to the other Finance Parties as it would have been under if it was an Original Lender. 

  

	 	(d)	A transfer will only be effective if the procedure set out in Clause 22.5 (Procedure for Transfer) is complied with. 

  

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	 	(e)	If: 

  

	 	(i)	a Lender assigns and or transfers any of its rights, obligations and/or claims under the Finance Documents or changes its Facility Office; and 

  

	 	(ii)	as a result of circumstances existing at the date the assignment, transfer or change occurs, an Obligor would be obliged to make a payment to the New Lender or Lender acting through
its new Facility Office under Clause 12 (Tax Gross-up and Indemnities) or Clause 13 (Increased Costs), 

 then the New Lender or Lender acting through its new Facility Office is only entitled to receive payment under those Clauses to the same extent as the Existing Lender or Lender acting through its previous Facility Office would have been if
the assignment, transfer or change had not occurred. 
  

	22.3	Assignment and Transfer Fee 

 If the New Lender is
not an Affiliate of a Lender the New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Facility Agent (for its own account) a fee of two thousand (2,000) EUR. 
  

	22.4	Limitation of Responsibility of Existing Lenders 

  

	 	(a)	Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: 

  

	 	(i)	the legality, validity, effectiveness, adequacy or enforceability of the Finance Documents or any other documents; 

  

	 	(ii)	the financial condition of any Obligor; 

  

	 	(iii)	the performance and observance by any Obligor of its obligations under the Finance Documents or any other documents; or 

  

	 	(iv)	the accuracy of any statements (whether written or oral) made in or in connection with any Finance Document or any other document, 

 and any representations or warranties implied by law are excluded. 
  

	 	(b)	Each New Lender confirms to the Existing Lender and the other Finance Parties that it: 

  

	 	(i)	has made (and shall continue to make) its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection
with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and 

  

	 	(ii)	will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities whilst any amount is or may be outstanding under the Finance
Documents or any Commitment is in force. 

  

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	 	(c)	Nothing in any Finance Document obliges an Existing Lender to: 

  

	 	(i)	accept a re-transfer from a New Lender of any of the rights, obligations and claims assigned or transferred under this Clause 22; or 

  

	 	(ii)	support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Obligor of its obligations under the Finance Documents or otherwise.

  

	22.5	Procedure for Transfer 

  

	 	(a)	Subject to the conditions set out in Clause 22.2 (Conditions of Assignment and Transfer) a transfer is effected in accordance with paragraph (b) below when the
Facility Agent executes an otherwise duly completed Transfer Certificate delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, as soon as reasonably practicable after receipt by it of a duly completed Transfer
Certificate appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Transfer Certificate and promptly deliver a copy thereof to the Borrower if requested.

  

	 	(b)	On the Transfer Date: 

  

	 	(i)	each of the Obligors and the New Lender shall assume obligations towards one another and/or acquire rights or claims against one another which differ from the rights, obligations
and claims among the Obligors and the Existing Lender only insofar as that Obligor and the New Lender have assumed and/or acquired the same in place of that Obligor and the Existing Lender; 

  

	 	(ii)	the Facility Agent, the Security Agent, the Mandated Lead Arrangers, the New Lender and the other Lenders shall acquire the same rights and claims and assume the same obligations
between themselves as they would have acquired and assumed had the New Lender been an Original Lender with the rights, claims and/or obligations acquired or assumed by it as a result of the transfer and to that extent the Facility Agent, the
Security Agent, the Mandated Lead Arrangers and the Existing Lender shall each be released from further obligations to each other under this Agreement; and 

  

	 	(iii)	the New Lender shall become a Party as a “Lender”. 

  

	22.6	Disclosure of Information 

  

	 	(a)	Each Finance Party shall during the continuance of this Agreement keep confidential any information about or provided by or on behalf of any Obligor under the terms of this
Agreement (the “Information”), and without the prior written consent of the Borrower shall not disclose the Information to any third party other than: 

  

	 	(i)	any of its Affiliates and any of its or their respective officers, employees, agents, professional advisers or auditors; 

  

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	 	(ii)	any other person: 

  

	 	(A)	to (or through) whom that Lender assigns and transfers (or may potentially assign and transfer) all or any of its rights, obligations and/or claims under this Agreement;

  

	 	(B)	with (or through) whom that Lender enters into (or may potentially enter into) any sub-participation in relation to, or any other transaction under which payments are to be made by
reference to, this Agreement or any Obligor; 

  

	 	(iii)	any third party: 

  

	 	(A)	to whom, and to the extent that, information is required to be disclosed by any applicable law or regulation; 

  

	 	(B)	in any proceedings arising out of, or in connection with, any Finance Documents to the extent required for the purpose of such proceedings; 

  

	 	(C)	if required to do so by any court of competent jurisdiction; 

  

	 	(D)	if the information is in the public domain other than where the information is in the public domain due to a breach of this Clause 22.6 by the person making the disclosure;

  

	 	(iv)	any other member of the Group; and 

  

	 	(v)	in the case of the Reporting Agent, the Federal/State Guarantors, 

 provided that, in relation to paragraph (i) (other than any a person who is otherwise bound by contractual or professional confidentiality obligations) and paragraph (ii) above, the person to whom the information is to be
given has entered into a Confidentiality Undertaking. 
  

	 	(b)	Notwithstanding the foregoing or anything to the contrary in this Agreement or any other written or oral understanding or agreement to which the Parties are parties or by which they
are bound, each Party shall be permitted to disclose the tax treatment and tax structure of the transactions set forth in this Agreement and in the other Finance Documents. This permission to disclose includes the ability of each Party to consult,
without limitation of any kind, any tax advisor regarding the tax treatment or tax structure of the transactions set forth in this Agreement and in the other Finance Documents. The Parties acknowledge that this written authorisation does not
constitute a waiver by any Party of any privilege held by such Party pursuant to the attorney-client privilege or the confidentiality privilege of Section 7525 (a) of the U.S. Internal Revenue Code of 1986, as amended, or pursuant to any
similar laws and regulations in any relevant other jurisdiction. 

  

	22.7	Ancillary Provisions 

 Each Obligor shall execute
and do all such transfers, assignments, assurances, acts and things as the Facility Agent may reasonably request for perfecting and completing any assignment and transfer by a Lender; provided however, such Lender reimburses the Obligors for
their respective reasonable costs and expenses and such assignment and transfer is permitted pursuant to this Clause 22. 
  

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	23.	CHANGES TO THE BORROWER 

  

	23.1	Assignments and Transfers by the Borrower 

 The
Borrower may not assign any of its rights or transfer any of its rights or obligations under the Finance Documents. 
  

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 SECTION 9 
 THE FINANCE PARTIES 
  

	24.	ROLE OF THE AGENTS AND THE MANDATED LEAD ARRANGERS 

  

	24.1	Appointment of the Facility Agent and the Security Agent 

  

	 	(a)	Each of the Finance Parties other than the Facility Agent appoints the Facility Agent to act as its agent under and in connection with the Finance Documents.

  

	 	(b)	Each of the Finance Parties other than the Security Agent appoints the Security Agent to act as its security agent under and in connection with the Finance Documents.

  

	 	(c)	Each of the Finance Parties other than the Reporting Agent appoints the Reporting Agent to act as its reporting agent under and in connection with the Finance Documents.

  

	 	(d)	Each of the Finance Parties other than the Facility Agent authorises the Facility Agent, each of the Finance Parties other than the Security Agent authorises the Security Agent, and
each of the Finance Parties other than the Reporting Agent authorises the Reporting Agent, to exercise the rights, powers, authorities and discretions specifically given to it under or in connection with the Finance Documents together with any other
incidental rights, powers, authorities and discretions. 

  

	 	(e)	Each of the Finance Parties other than the Facility Agent, the Security Agent and the Reporting Agent hereby grants power of attorney to the Facility Agent, the Security Agent and
the Reporting Agent, respectively, to be exercised for the purposes described in paragraph (d) above. The Facility Agent, the Security Agent and the Reporting Agent shall each be released from the restrictions of Section 181 of the German
Civil Code (Bürgerliches Gesetzbuch); they are authorised to delegate their powers of attorney, including the exemption from the restrictions of Section 181 of the German Civil Code. At the request of the Facility Agent, the
Security Agent and/or the Reporting Agent, the Mandated Lead Arrangers and the Lenders shall grant special powers of attorney to the Facility Agent, the Security Agent and/or the Reporting Agent to enter into any Finance Documents, or any amendments
thereof, on their behalf. 

  

	 	(f)	Each of the Finance Parties other than the Security Agent authorises the Security Agent, to enter as security agent on behalf of the Finance Parties (with the effect that each
Finance Party becomes a party thereunder) any pledge agreements governed by German law. The authorisation granted herein comprises any action or declaration the Security Agent may deem necessary in connection with such pledge agreements (including
any action or declaration that the Security Agent deems to be necessary in order to create and continue valid pledge agreements governed by German law). 

  

	24.2	Duties of the Facility Agent, the Security Agent and the Reporting Agent 

  

	 	(a)	The Facility Agent shall promptly forward to a Party the original or a copy of any document that is delivered to the Facility Agent for that Party by any other Party.

  

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	 	(b)	If the Facility Agent receives notice from a Party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly
notify the Lenders. 

  

	 	(c)	The Facility Agent shall promptly notify the Lenders of any Default arising under Clause 21.2 (Non-payment). 

  

	 	(d)	The Facility Agent shall promptly provide the Security Agent with such certificate(s) as the Security Agent may require as to all amounts which are owing, actually or contingently,
at any time by any Obligor to all or any of the Finance Parties (other than the Security Agent in its capacity as security agent) under the Finance Documents, whether or not due. 

  

	 	(e)	The Security Agent shall promptly notify the Facility Agent of the contents of any notice or document received by it, in its capacity as security agent, from any of the Obligors
under any of the Finance Documents. 

  

	 	(f)	The Reporting Agent shall review the statements received by it under paragraph (d)(A) of Clause 18.1 (Financial Statements) to check that they are in compliance with the
purpose of the Loans set out in Clause 3 (Purpose) and whether an Event of Default is evidenced and shall notify the Federal/State Guarantors, the Facility Agent, the Security Agent and the Lenders accordingly. The Reporting Agent must
exercise the standard of care of a prudent banker (mit banküblicher Sorgfalt) in performing this obligation. 

  

	24.3	Role of the Mandated Lead Arrangers 

 Except as
specifically provided in the Finance Documents, each Mandated Lead Arranger has no obligations of any kind to any other Party under or in connection with any Finance Document. 
  

	24.4	No Fiduciary Duties 

  

	 	(a)	Nothing in this Agreement constitutes the Facility Agent, the Security Agent (except as expressly provided in Schedule 10 (Form of Security Agency Agreement)), the Reporting
Agent or the Mandated Lead Arrangers as a trustee or fiduciary of any other person. 

  

	 	(b)	None of the Facility Agent, the Security Agent (except as expressly provided in Schedule 10 (Form of Security Agency Agreement) or in any Security Document), the Reporting
Agent or the Mandated Lead Arrangers shall be bound to account to any Lender for any sum or the profit element of any sum received by it for its own account. 

  

	 	(c)	No Agent is bound to monitor or verify the application of the proceeds of, or the use of, any Utilisation pursuant to this Agreement. 

  

	24.5	Business with the Group 

  

	 	(a)	Each Agent and the Mandated Lead Arrangers may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

  

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	 	(b)	Each Agent and each Mandated Lead Arranger shall be entitled, notwithstanding that it is also an Agent or, as the case may be, a Mandated Lead Arranger to take, or refrain from
taking, any action which it would be entitled to take or refrain from taking as a Finance Party or in connection with any other relationship with any member of the Group or any other person if it were not an Agent or, as the case may be, a Mandated
Lead Arranger. 

  

	 	(c)	Neither the Facility Agent nor the Security Agent nor the Reporting Agent shall be precluded, by virtue of its position as a Finance Party or any such other relationship, from
exercising any of its rights, powers, authorities or discretions as agent or, as the case may be, as security agent or, as the case may be, as reporting agent under the Finance Documents. 

  

	24.6	Rights and Discretions of the Facility Agent, the Security Agent and the Reporting Agent 

  

	 	(a)	The Facility Agent, the Security Agent and the Reporting Agent may rely on: 

  

	 	(i)	any communication, notice or document believed by it to be genuine, correct and appropriately authorised; and 

  

	 	(ii)	any statement made by a director, authorised signatory or employee of any person regarding any matters which may reasonably be assumed to be within his knowledge or within his power
to verify. 

  

	 	(b)	The Facility Agent, the Security Agent and the Reporting Agent may assume (unless it has received notice to the contrary in its capacity as agent or, as the case may be, as security
agent or, as the case may be, as reporting agent) that: 

  

	 	(i)	no Default has occurred (unless it has actual knowledge of a Default arising under Clause 21.2 (Non-payment)); 

  

	 	(ii)	any right, power, authority or discretion vested in any Party or the Majority Lenders has not been exercised; and 

  

	 	(iii)	any notice or request made by the Borrower (other than a Utilisation Request or Selection Notice) is made on behalf of and with the consent and knowledge of all the Obligors.

  

	 	(c)	Each of the Facility Agent, the Security Agent and the Reporting Agent may engage, pay for and rely on the advice or services of any lawyers, accountants, surveyors or other
experts. 

  

	 	(d)	Each of the Facility Agent, the Security Agent and the Reporting Agent may act in relation to the Finance Documents through its personnel and Agents. 

  

	24.7	Majority Lenders’ Instructions 

  

	 	(a)	Unless a contrary indication appears in a Finance Document, each of the Facility Agent and the Security Agent shall: 

  

	 	(i)	act in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from acting or exercising any right, power,
authority or discretion vested in it as Facility Agent or Security Agent, as the case may be); and 

  

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	 	(ii)	not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with such an instruction of the Majority Lenders. 

  

	 	(b)	Unless a contrary indication appears in a Finance Document, any instructions given by the Majority Lenders will be binding on all the Lenders and the Mandated Lead Arrangers.

  

	 	(c)	Each of the Facility Agent and the Security Agent may refrain from acting in accordance with the instructions of the Majority Lenders (or, if appropriate, the Lenders) until it has
received such Security as it may require for any cost, loss or liability (together with any associated VAT) which it may incur in complying with the instructions. 

  

	 	(d)	In the absence of instructions from the Majority Lenders, (or, if appropriate, all the Lenders) each of the Facility Agent and the Security Agent may act or refrain from taking any
action or from exercising any right, power or discretion vested in it as an agent under any Finance Document unless and until instructed by the Majority Lenders as to whether or not such right, power or discretion is to be exercised and, if it is to
be exercised, as to the manner in which it should be exercised. 

  

	 	(e)	Neither the Facility Agent nor the Security Agent is authorised to act on behalf of a Lender (without first obtaining that Lender’s consent) in any legal or arbitration
proceedings relating to any Finance Document. 

  

	24.8	Responsibility for Documentation 

 None of the
Facility Agent, the Security Agent, the Reporting Agent and the Mandated Lead Arrangers: 
  

	 	(a)	is responsible for the adequacy, accuracy and/or completeness of any information (whether oral or written) supplied by the Facility Agent, the Security Agent, the Reporting Agent,
the Mandated Lead Arrangers, an Obligor or any other person and given in or in connection with any Finance Document or the Information Memorandum; or 

  

	 	(b)	is responsible for the legality, validity, effectiveness, adequacy or enforceability of any Finance Document or any other agreement, arrangement or document entered into, made or
executed in anticipation of or in connection with any Finance Document. 

  

	24.9	Exclusion of Liability 

  

	 	(a)	Without limiting paragraph (b) below nor paragraph (f) of Clause 24.2 (Duties of the Facility Agent, the Security Agent and the Reporting Agent), neither the
Facility Agent nor the Security Agent will be liable for any action taken by it under or in connection with, or for any omission by it in relation to, any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

  

	 	(b)	No Party may take any proceedings against any officer, employee or agent of the Facility Agent or the Security Agent in respect of any claim it might have against

  

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	 	  	the Facility Agent or the Security Agent or in respect of any act or omission of any kind by that officer, employee or Agent in relation to any Finance Document and any officer,
employee or agent of the Facility Agent or the Security Agent may rely on this Clause. 

  

	 	(c)	Neither the Facility Agent nor the Security Agent will be liable for any delay (or any related consequences) in crediting an account with an amount required under the Finance
Documents to be paid by it if it has taken all necessary steps as soon as reasonably practicable to comply with the regulations or operating procedures of any recognised clearing or settlement system used by it for that purpose.

  

	24.10	Lenders’ Indemnity to the Facility Agent, the Security Agent and the Reporting Agent 

  

	  	Each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their
reduction to zero) indemnify the Facility Agent, the Security Agent and the Reporting Agent, within three (3) Business Days of demand, against any cost, loss or liability incurred by the Facility Agent, the Security Agent or the Reporting Agent
(otherwise than by reason of its gross negligence or wilful misconduct) in acting as Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent under the Finance Documents (unless it has been reimbursed by an
Obligor pursuant to a Finance Document). 

  

	24.11	Resignation of the Facility Agent, the Security Agent or the Reporting Agent 

  

	 	(a)	The Facility Agent, the Security Agent and the Reporting Agent may each resign and appoint one of its Affiliates as successor by giving notice to the Lenders and the Borrower.

  

	 	(b)	Alternatively the Facility Agent, the Security Agent and the Reporting Agent may each resign by giving notice to the Lenders and the Borrower, in which case the Majority Lenders
(after consultation with the Borrower) may appoint a successor Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent. 

  

	 	(c)	If the Majority Lenders have not appointed a successor Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent in accordance with paragraph
(b) above within thirty (30) days after notice of resignation was given, the Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent (after consultation with the Borrower) may appoint a successor agent
or security agent (acting through an office in Luxembourg). 

  

	 	(d)	The retiring Facility Agent, the Security Agent or the Reporting Agent shall, at its own cost, make available to its successor such documents and records and provide such assistance
as its successor may reasonably request for the purposes of performing its functions as agent or security agent under the Finance Documents. 

  

	 	(e)	The Facility Agent’s resignation notice shall only take effect upon: 

  

	 	(i)	the appointment of a successor; and 

  

	 	(ii)	the receipt by the Facility Agent of written confirmation from the successor (in form and substance satisfactory to the Facility Agent) that the successor agrees to be bound by the
provisions of the Finance Documents and all other related agreements to which the Facility Agent is a party in its capacity as agent under the Finance Documents. 

  

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	 	(f)	The Security Agent’s resignation notice shall only take effect upon: 

  

	 	(i)	the appointment of a successor; 

  

	 	(ii)	the receipt by the Security Agent of written confirmation from the successor (in form and substance satisfactory to the Security Agent) that the successor agrees to be bound by the
provisions of the Finance Documents and all other related agreements to which the Security Agent is a party in its capacity as security agent under the Finance Documents; and 

  

	 	(iii)	the receipt by the Facility Agent of written confirmation from the Security Agent (in form and substance satisfactory to the Facility Agent) that it has received, and found
satisfactory, the confirmation referred to in sub-paragraph (ii) above and that all Security created pursuant to the Security Documents and all the Security Agent’s rights, benefits and obligations as security agent under the Finance
Documents have been transferred to its successor. 

  

	 	(g)	The Reporting Agent’s resignation notice shall only take effect upon: 

  

	 	(i)	the appointment of a successor; 

  

	 	(ii)	the receipt by the Reporting Agent of written confirmation from the successor (in form and substance satisfactory to the Reporting Agent) that the successor agrees to be bound by
the provisions of the Finance Documents and all other related agreements to which the Reporting Agent is a party in its capacity as reporting agent under the Finance Documents; and 

  

	 	(iii)	the receipt by the Facility Agent of written confirmation from the Reporting Agent (in form and substance satisfactory to the Facility Agent) that it has received, and found
satisfactory, the confirmation referred to in sub-paragraph (ii) above. 

  

	 	(h)	Upon any such resignation notice taking effect, the retiring Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent shall be discharged from
any further obligation in respect of the Finance Documents but shall remain entitled to the benefit of this Clause 24 and, in the case of the Security Agent, of Schedule 10 (Form of Security Agency Agreement)). Its successor and each of
the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Party. 

  

	 	(i)	After consultation with the Borrower, the Majority Lenders may, by notice to the Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent,
require it to resign in accordance with paragraph (b) above. In this event, the Facility Agent or, as the case may be, Security Agent or, as the case may be, Reporting Agent shall resign in accordance with paragraph (b) above.

  

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	 	(j)	The Parties agree, if requested to do so, to execute whatever documents may be reasonably required to effect such a change of Facility Agent and/or Security Agent and/or Reporting
Agent. 

  

	24.12	Confidentiality 

  

	 	(a)	The Facility Agent (in acting as agent), the Security Agent (in acting as security agent) and the Reporting Agent (in acting as reporting agent) shall be regarded as acting through
its respective agency or security agent division which shall in each case be treated as a separate entity from any other of its divisions or departments. 

  

	 	(b)	If information is received by another division or department of the Facility Agent or, as the case may be, the Security Agent or, as the case may be, the Reporting Agent, it may be
treated as confidential to that division or department and the Facility Agent or, as the case may be, the Security Agent or, as the case may be, the Reporting Agent shall not be deemed to have notice of it. 

  

	 	(c)	Notwithstanding any other provision of any Finance Document to the contrary, none of the Facility Agent, the Security Agent, the Reporting Agent and the Mandated Lead Arrangers is
obliged to disclose to any other person; 

  

	 	(i)	any confidential information; or 

  

	 	(ii)	any other information if the disclosure would or might in its reasonable opinion constitute a breach of any law or a breach of a fiduciary duty. 

  

	24.13	Relationship with the Lenders 

  

	 	(a)	The Facility Agent may treat each Lender as a Lender, entitled to payments under this Agreement and acting through its Facility Office unless it has received not less than five
(5) Business Days prior notice from that Lender to the contrary in accordance with the terms of this Agreement. 

  

	 	(b)	Each Lender shall supply the Facility Agent with any information required by the Facility Agent in order to calculate the Minimum Reserve Cost, if any. 

  

	 	(c)	Neither the Facility Agent nor the Security Agent nor the Reporting Agent shall have any obligation or liability to any Lender or any other person as a result of any failure by any
Obligor or any other person to perform any of its obligations under the Finance Documents. 

  

	 	(d)	If the Facility Agent notifies a Lender that it is required to make a determination in relation to Clause 21.1 (Acceleration) and the Facility Agent does not receive a
response in writing from such Lender within five (5) Business Days of such notification, then such Lender will be deemed to have determined that the Lenders should terminate this Agreement for cause (wichtiger Grund) and that the
Facility Agent should avail itself, on behalf of the Lenders, of the rights enumerated in paragraph (b) of Clause 21.1 (Acceleration). 

  

	24.14	Credit Appraisal by the Lenders 

  

	  	Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Lender confirms to each Agent and

  

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 the Mandated Lead Arrangers that it has been, and will continue to be, solely responsible for making its
own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to: 
  

	 	(a)	the financial condition, status and nature of each member of the Group; 

  

	 	(b)	the legality, validity, effectiveness, adequacy or enforceability of any Finance Document and any other agreement, Security, arrangement or document entered into, made or executed
in anticipation of, under or in connection with any Finance Document; 

  

	 	(c)	whether that Lender has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the
transactions contemplated by the Finance Documents or any other agreement, Security, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document; 

  

	 	(d)	the ownership, value or sufficiency of any of the Charged Assets, the adequacy or priority of any of the Security created pursuant to the Security Documents, the right or title of
any person in or to any Charged Assets or the existence of any Security affecting the same; 

  

	 	(e)	the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by the Facility Agent, the Security Agent, the Reporting Agent, any Party
or any other person under or in connection with any Finance Document, the transactions contemplated by the Finance Documents or any other agreement, Security, arrangement or document entered into, made or executed in anticipation of, under or in
connection with any Finance Document; and 

  

	 	(f)	the adequacy, accuracy and/or completeness of any communication delivered to it under any of the Finance Documents, any legal or other opinions, reports, valuations, certificates,
appraisals or other documents delivered or made or required to be delivered or made at any time in connection with any of the Finance Documents or any other report or other document, statement or information circulated, delivered or made, whether
orally or otherwise and whether before, on or after the Signing Date. 

  

	24.15	Reference Banks 

  

	  	If a Reference Bank (or, if a Reference Bank is not a Lender, the Lender of which it is an Affiliate) ceases to be a Lender, the Facility Agent shall appoint another Lender or an
Affiliate of a Lender to replace that Reference Bank. 

  

	24.16	Parallel Debt 

  

	 	(a)	Each of the Parties hereto agree, and the Borrower acknowledges by way of an abstract acknowledgement of debt (abstraktes Schuldanerkenntnis) (the
“Acknowledgement”), that each and every obligation of the Borrower (and any of its successors pursuant to this Agreement) up to the Facility Amount under this Agreement and the other Finance Documents, shall also be owing in full to
the Security Agent (and each of the latter’s successors under this Agreement), and that accordingly the Security Agent will have its own independent right to demand performance by the Borrower of those obligations. The Security Agent undertakes

  

 107 

	 	  	towards the Borrower that in case of any discharge of any such obligation owing to one of the Security Agent or a Finance Party, it will, to the same extent, not make a claim
against the Borrower under the Acknowledgement at any time, provided that any such claims can be made against the Borrower if such discharge is made by virtue of any set off, counterclaim or similar defence invoked by the Borrower
vis-à-vis the Security Agent other than as permitted pursuant to Clause 27.6 (No Set-off by the Borrower). 

  

	 	(b)	Without limiting or affecting the Security Agent’s rights against the Borrower (whether under this paragraph or under any other provision of the Finance Documents), the
Security Agent agrees with each other Finance Party (on a several and divided basis) that, subject as set out in the next sentence, it will not exercise its rights under the Acknowledgement with a Finance Party except with the consent of the
relevant Finance Party. However, for the avoidance of doubt, nothing in the previous sentence shall in any way limit the Security Agent’s right to act in the protection or preservation of rights under or to enforce any Security Document as
contemplated by this Agreement and/or the relevant Security Document (or to do any act reasonably incidental to the foregoing). 

  

	25.	CONDUCT OF BUSINESS BY THE FINANCE PARTIES 

  

	    	No provision of this Agreement will: 

  

	 	(a)	interfere with the right of any Finance Party to arrange its affairs (tax or otherwise) in whatever manner it thinks fit; 

  

	 	(b)	oblige any Finance Party to investigate or claim any credit, relief, remission or repayment available to it or the extent, order and manner of any claim; or

  

	 	(c)	oblige any Finance Party to disclose any information relating to its affairs (tax or otherwise) or any computations in respect of Tax. 

  

	26.	SHARING AMONG THE FINANCE PARTIES 

  

	26.1	Payments to Finance Parties 

  

	  	If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 27 (Payment
Mechanics) and applies that amount to a payment due under the Finance Documents then: 

  

	 	(a)	the Recovering Finance Party shall, within three (3) Business Days, notify details of the receipt or recovery to the Facility Agent; 

  

	 	(b)	the Facility Agent shall determine whether the receipt or recovery is in excess of the amount the Recovering Finance Party would have been paid had the receipt or recovery been
received or made by the Facility Agent and distributed in accordance with Clause 27 (Payment Mechanics), without taking account of any Tax which would be imposed on the Facility Agent in relation to the receipt, recovery or distribution;
and 

  

	 	(c)	the Recovering Finance Party shall, within three (3) Business Days of demand by the Facility Agent, pay to the Facility Agent an amount (the “Sharing Payment”)
equal to such receipt or recovery less any amount which the Facility Agent determines may be retained by the Recovering Finance Party as its share of any payment to be made, in accordance with Clause 27.5 (Partial Payments).

  

 108 

	26.2	Redistribution of Payments 

 The Facility Agent
shall treat the Sharing Payment as if it had been paid by the relevant Obligor and distribute it between the Finance Parties (other than the Recovering Finance Party) in accordance with Clause 27.5 (Partial Payments). 
  

	26.3	Recovering Finance Party’s Rights 

  

	 	(a)	On a distribution by the Facility Agent under Clause 26.2 (Redistribution of Payments), the Finance Parties that have shared in the redistribution shall assign to the
Recovering Finance Party their rights to the payments that were redistributed. 

  

	 	(b)	If and to the extent that the Recovering Finance Party is not able to rely on its rights under paragraph (a) above, the relevant Obligor shall be liable to the Recovering
Finance Party for a debt equal to the Sharing Payment that is immediately due and payable. 

  

	26.4	Reversal of Redistribution 

 If any part of the
Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then: 
  

	 	(a)	each Finance Party which has received a share of the relevant Sharing Payment pursuant to Clause 26.2 (Redistribution of Payments) shall, upon request of the Facility
Agent, pay to the Facility Agent for account of that Recovering Finance Party an amount equal to its share of the Sharing Payment (together with an amount as is necessary to reimburse that Recovering Finance Party for its proportion of any interest
on the Sharing Payment which that Recovering Finance Party is required to pay); and 

  

	 	(b)	that Recovering Finance Party’s rights to take the benefit of an assignment in respect of any reimbursement shall be cancelled and the relevant Obligor will be liable to the
reimbursing Finance Party for the amount so reimbursed. 

  

	26.5	Exceptions 

  

	 	(a)	This Clause 26 shall not apply to the extent that the Recovering Finance Party would not, after making any payment pursuant to this Clause, have a valid and enforceable claim
against the relevant Obligor. 

  

	 	(b)	A Recovering Finance Party is not obliged to share with any other Finance Party any amount which the Recovering Finance Party has received or recovered as a result of taking legal
or arbitration proceedings if: 

  

	 	(i)	it notified the other Finance Parties of the legal or arbitration proceedings; and 

  

	 	(ii)	the other Finance Parties had an opportunity to participate in those legal or arbitration proceedings but did not do so as soon as reasonably practicable having received notice and
did not take separate legal or arbitration proceedings. 

  

 109 

 SECTION 10 
 ADMINISTRATION 
  

	27.	PAYMENT MECHANICS 

  

	27.1	Payments to the Facility Agent 

  

	 	(a)	On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor (subject to Clause 27.9 (Payments to the Security
Agent)) or that Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at
the time for settlement of transactions in the relevant currency in the place of payment. 

  

	 	(b)	Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to EUR or USD, in a principal financial centre in a
Participating Member State or London) with such bank as the Facility Agent specifies. 

  

	27.2	Distributions by the Facility Agent 

 Each payment
received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 27.3 (Distributions to an Obligor), Clause 27.4 (Clawback) and Clause 27.9 (Payments to the Security Agent), be
made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may
notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to EUR, in a principal financial centre in a Participating Member
State or London). 
  

	27.3	Distributions to an Obligor 

 The Facility Agent and
the Security Agent may (with the consent of the Obligor or in accordance with Clause 28 (Set-Off)) apply any amount received by it for that Obligor in or towards payment (on the date and in the currency and funds of receipt) of any
amount due from that Obligor under the Finance Documents or in or towards purchase of any amount of any currency to be so applied. 
  

	27.4	Clawback 

  

	 	(a)	Where a sum is to be paid to the Facility Agent or the Security Agent under the Finance Documents for another Party, the Facility Agent or, as the case may be, the Security Agent is
not obliged to pay that sum to that other Party (or to enter into or perform any related exchange contract) until it has been able to establish to its satisfaction that it has actually received that sum. 

  

	 	(b)	If the Facility Agent or the Security Agent pays an amount to another Party and it proves to be the case that it had not actually received that amount, then the Party to whom that
amount (or the proceeds of any related exchange contract) was paid shall on demand refund the same to the Facility Agent or, as the case may be, the Security Agent, together with interest on that amount from the date of payment to the date of
receipt by the Facility Agent or, as the case may be, the Security Agent, calculated by it to reflect its cost of funds. 

  

 110 

	27.5	Partial Payments 

  

	 	(a)	If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall
apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: 

  

	 	(i)	first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agents or the Mandated Lead Arrangers under the Finance Documents;

  

	 	(ii)	secondly, in or towards payment pro rata of any accrued interest or commission due but unpaid under this Agreement; 

  

	 	(iii)	thirdly, in or towards payment pro rata of any EUR Outstandings and USD Outstandings due but unpaid under this Agreement; and 

  

	 	(iv)	fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. 

  

	 	(b)	The Facility Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iii) above. 

  

	 	(c)	Paragraphs (a) and (b) above will override any appropriation made by an Obligor. 

  

	27.6	No Set-off by the Borrower 

 All payments to be made
by the Borrower under the Finance Documents shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim; except in respect of claims of the Borrower which are either undisputed between the relevant
Finance Party and such Obligor or which have been the subject of a final court judgement. 
  

	27.7	Business Days 

  

	 	(a)	Any payment which is due to be made on a day that is not a Business Day shall be made on the next Business Day in the same calendar month (if there is one) or the preceding Business
Day (if there is not). 

  

	 	(b)	During any extension of the due date for payment of any principal or an Unpaid Sum under this Agreement interest is payable on the principal at the rate payable on the original due
date. 

  

	27.8	Currency of Account 

  

	 	(a)	Subject to paragraphs (b) to (e) below, the EUR is the currency of account and payment for any sum due from an Obligor under any Finance Document.

  

	 	(b)	A repayment of a Loan or Unpaid Sum or a part of a Loan or Unpaid Sum shall be made in the currency in which that Loan or Unpaid Sum is denominated on its due date.

  

 111 

	 	(c)	Each payment of interest shall be made in the currency in which the sum in respect of which the interest is payable was denominated when that interest accrued.

  

	 	(d)	Each payment in respect of costs, expenses or Taxes shall be made in the currency in which the costs, expenses or Taxes are incurred. 

  

	 	(e)	Any amount expressed to be payable in a currency other than EUR shall be paid in that other currency. 

  

	27.9	Payments to the Security Agent 

 Notwithstanding any
other provision of any Finance Document, at any time after any of the Transaction Security becomes enforceable, the Security Agent may require: 
  

	 	(a)	any Obligor to pay all sums due from it under any Finance Document; or 

  

	 	(b)	the Facility Agent to pay all sums received or recovered from any Obligor under any Finance Document, 

 in each case as the Security Agent may direct for application in accordance with the terms of the Finance Documents. 
  

	28.	SET-OFF 

 A Finance Party may set off any matured
obligation due from an Obligor under the Finance Documents (to the extent beneficially owned by that Finance Party) against any obligation (whether matured or not) owed by that Finance Party to that Obligor, regardless of the place of payment,
booking branch or currency of either obligation. If the obligations are in different currencies, the Finance Party may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off. 

 

	29.	NOTICES 

  

	29.1	Communications in Writing 

 Any communication to be
made under or in connection with the Finance Documents shall be made in writing and, unless otherwise stated, may be made by fax, letter or telex. 
  

	29.2	Addresses 

 The address, fax number and telex number
(and the department or officer, if any, for whose attention the communication is to be made) of each Party, the Guarantor and the Federal/State Guarantors for any communication or document to be made or delivered under or in connection with the
Finance Documents is: 
  

	 	(a)	in the case of the Borrower, that identified with its name below; 

  

	 	(b)	in the case of the Guarantor: 

  

			
	Address:	  	One AMD Place M-S 68
		  	Sunnyvale, California 94088
	Fax number:	  	+1 408 774 7399
	Attention:	  	General Counsel;

  

 112 

	 	(c)	in the case of each Lender, that notified in writing to the Facility Agent on or prior to the date on which it becomes a Party; 

  

	 	(d)	in the case of the Mandated Lead Arrangers, the Facility Agent and the Security Agent, that identified with its name below; 

  

	 	(e)	in the case of any successor Agent, that notified in writing to the retiring Agent on or prior to the date on which the resignation notice of the retiring Agent takes effect;

  

	 	(f)	in the case of any successor Security Agent, that notified in writing to the Facility Agent on or prior to the date on which the resignation notice of the retiring Security Agent
takes effect; and 

  

	 	(g)	in the case of the Federal/State Guarantors: 

  

			
	 Address:
	  	c/o  PricewaterhouseCoopers Deutsche Revision AG Wirtschaftsprüfungsgesellschaft
		  	Lise-Meitner-Straße 1
		  	10589 Berlin
		
	 Fax Number:
	  	+49 30 2636 1221
	 Telephone Number:
	  	+49 30 2636 1346
	 Attention:
	  	Ursula Putz

 or any substitute address, fax number, telex number or department or officer as the Party and/or
the Guarantor and/or the Federal/State Guarantors may notify to the Facility Agent (or the Facility Agent may notify to the other Parties, the Guarantor and the Federal/State Guarantors, if a change is made by the Facility Agent) by not less than
five (5) Business Days’ notice. 
  

	29.3	Delivery 

  

	 	(a)	Any communication or document made or delivered by one person to another under or in connection with the Finance Documents will only be effective: 

  

	 	(i)	if by way of fax, when received in legible form; or 

  

	 	(ii)	if by way of letter, when it has been left at the relevant address or five (5) Business Days after being sent by international courier addressed to it at that address; or

  

	 	(iii)	if by way of telex, when despatched, but only if, at the time of transmission, the correct answerback appears at the start and at the end of the sender’s copy of the notice,

 and, if a particular department or officer is specified as part of its address details provided under Clause 29.2
(Addresses), if addressed to that department or officer. 
  

	 	(b)	Any communication or document to be made or delivered to the Facility Agent, the Security Agent or the Reporting Agent will be effective only when actually received by it and then
only if it is expressly marked for the attention of the department or officer identified with its signature below (or any substitute department or officer as it shall specify for this purpose). 

  

 113 

	 	(c)	All notices from or to an Obligor shall be sent through the Facility Agent. 

  

	 	(d)	Any communication or document made or delivered to the Borrower in accordance with this Clause will be deemed to have been made or delivered to each of the Obligors.

  

	29.4	Notification of Address, Fax Number and Telex Number 

 Promptly upon receipt of notification of an address, fax number and telex number or change of address, fax number or telex number pursuant to Clause 29.2 (Addresses) or changing its own address, fax number or telex number, the
Facility Agent shall notify the other Parties. 
  

	29.5	Language 

  

	 	(a)	Any notice and any other document given under or in connection with any Finance Document must be in English, unless otherwise required by applicable laws or regulations or the
Federal/State Guarantors. 

  

	 	(b)	Whichever language is chosen or required for a particular notice or any particular document given under or in connection with any Finance Document shall prevail over that of any
accompanying translation. 

  

	30.	CALCULATIONS AND CERTIFICATES 

  

	30.1	Accounts 

 In any litigation or arbitration
proceedings arising out of or in connection with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate. 
  

	30.2	Certificates and Determinations 

 Any certification
or determination by a Finance Party of a rate or amount under any Finance Document is, in the absence of manifest error, conclusive evidence of the matters to which it relates. 
  

	30.3	Day Count Convention 

 Any interest, commission or
fee accruing under a Finance Document will accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of three hundred and sixty (360) days. 
  

	31.	PARTIAL INVALIDITY 

 If, at any time, any provision
of the Finance Documents is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of
such provision under the law of any other jurisdiction will in any way be affected or impaired. 
  

 114 

	32.	REMEDIES AND WAIVERS 

 No failure to exercise, nor
any delay in exercising, on the part of any Finance Party, any right or remedy under the Finance Documents shall operate as a waiver, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise or the
exercise of any other right or remedy. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law. 
  

	33.	AMENDMENTS AND WAIVERS 

  

	33.1	Required Consents 

  

	 	(a)	Subject to Clause 33.2 (Exceptions), any term of the Finance Documents may be amended or waived only with the consent of the Majority Lenders and the Obligors and any
such amendment or waiver will be binding on all Parties. 

  

	 	(b)	The Facility Agent may effect, on behalf of any Finance Party, any amendment or waiver permitted by this Clause 33. 

  

	33.2	Exceptions 

  

	 	(a)	An amendment or waiver that has the effect of changing or which relates to: 

  

	 	(i)	the definition of “Majority Lenders” in Clause 1.1 (Definitions); 

  

	 	(ii)	the length of the Availability Period; 

  

	 	(iii)	an extension to the date of payment of any amount under the Finance Documents; 

  

	 	(iv)	the currency in which any payment under any Finance Document is to be made; 

  

	 	(v)	a reduction in the Margin or the amount of any payment of principal, interest, fees (except in relation to those paid exclusively to an Agent) or commission payable under this
Agreement; 

  

	 	(vi)	an increase in or extension of any Commitment; 

  

	 	(vii)	a change to the Borrower or the Guarantor; 

  

	 	(viii)	any provision which expressly requires the consent of all the Lenders; 

  

	 	(ix)	Clause 2.2 (Finance Parties’ Rights and Obligations), Clause 22 (Changes to the Lenders) or this Clause 33; or 

  

	 	(x)	a release of Security (including, for the avoidance of doubt, any change of the conditions pursuant to which claims can be made under the Guarantee or the Federal/State Guarantee)
created pursuant to a Security Document (other than as required by the terms of that Security Document), 

 shall not be made
without the prior consent of all the Lenders. 
  

 115 

	 	(b)	An amendment or waiver that relates to the rights or obligations of the Facility Agent, the Security Agent, the Reporting Agent or the Mandated Lead Arrangers may not be effected
without the consent of the Facility Agent, the Security Agent, the Reporting Agent or the Mandated Lead Arrangers, as the case may be. 

  

	34.	COUNTERPARTS 

  

	34.1	Counterparts 

 Each Finance Document may be executed
in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of the Finance Document. 
  

	34.2	Translation 

 This Agreement is translated into the
English language. The English translation (without attachments) is attached hereto in Schedule 19 (English non-binding translation). However, the German version will at all times be the binding version with respect to the rights and
obligations of the parties under this Agreement. 
  

 116 

 SECTION 11 
 THE FEDERAL/STATE GUARANTEE, GOVERNING LAW AND JURISDICTION 
  

	35.	THE FEDERAL/STATE GUARANTEE 

  

	 	(a)	The Loans are secured, inter alia, by the Federal/State Guarantee. 

  

	 	(b)	A copy of the Federal/State Guarantors Decision is set out in Schedule 12 (Federal/State Guarantee Decision). The terms of the Federal/State Guarantors Decision are a
substantive part of this Agreement (wesentlicher Bestandteil dieses Vertrages). 

  

	 	(c)	The Parties agree to the terms of the Federal/State Guarantors Decision whether or not expressly included in this Agreement. In particular, the Borrower will not without the prior
consent of the Federal/State Guarantor (i) make any material or financial investments, (ii) take over any material new obligations, (iii) sell or dispose of any material parts of its business and (iv) enter into any mergers or
demergers cause by the Borrower. 

  

	 	(d)	The Borrower must comply with all the terms of the Federal/State Guarantors Decision (including, but not limited to, Clause 9 (II) l) of the Federal/State Guarantors Decision) and
of the “Hinweise” attached hereto in Schedule 18 (Hinweise für die Beantragung von Bundesbürgschaften unter Einbeziehung paralleler Landesbürgschaften) which directly apply to it. In particular, it will
(i) grant the Security set out in the Security Documents under this Agreement und will particularly grant Security with respect to land which is currently not encumbered and/or acquired in the future und which is used for operational purposes,
(ii) upon request of the Majority Lenders grant additional Security in case of an impairment (including, but not limited to, by means of depreciation or loss) of the Security so far granted and (iii) in addition to the application fee pay
when due any current fees for the Federal/State Guarantee in accordance with Section B of the “Hinweise” attached hereto in Schedule 18 (Hinweise für die Beantragung von Bundesbürgschaften unter Einbeziehung
paralleler Landesbürgschaften). 

  

	 	(e)	The Federal/State Guarantors are entitled to delegate the administration of the Federal/State Guarantee to an authorised person. 

  

	36.	GOVERNING LAW 

 This Agreement is governed by German
law without giving effect to the principles of conflict of laws. 
  

	37.	JURISDICTION 

 The District Court of Frankfurt am
Main has exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement). 
  

	38.	CONFIRMATION 

 The Borrower expressly confirms
towards each Finance Party that all funds made available to it under this Agreement will be drawn for its own account, and that it is to be the 
  

 117 

 economic beneficiary (wirtschaftlich Begünstigter) within the meaning of Section 8 Money
Laundering Act (Geldwäschegesetz). 
 This Agreement has been entered into on the date stated at the beginning of this Agreement.

  

 118 

 SCHEDULE 2 
 Conditions Precedent 
 Part II 
 Conditions Precedent to First Utilisation 
 The Borrower shall ensure that prior to the delivery
of the first Utilisation Request, it shall have provided the Facility Agent with the following: 
  

	(a)	evidence of ownership of the real estate of the Site and a perfected land charge over the same; 

  

	(b)	achievement of Technical Completion; 

  

	(c)	perfection of the Federal/State Guarantee and evidence of having obtained the EU Notification Approval; 

  

	(d)	evidence of minimum paid in equity under the Partnership Agreement and/or Subordinated Loans under the Subordinated Loan Agreement(s) totalling approximately one billion
(1,000,000,000) Euro to be split as follows: 

  

	 	(i)	the Guarantor: 

  

	 	(A)	equity and/or subordinated debt (under a Subordinated Loan Agreement) up to a minimum of five hundred and eighty-five million (585,000,000) Euro (of which one hundred and fifty
million (150,000,000) Euro by 31 December 2004); and 

  

	 	(B)	equity and/or subordinated debt up to (for example, under the Revolving Credit Agreement) ninety-five million (95,000,000) Euro; 

  

	 	(ii)	the Fab 36 Beteiligungs GmbH: equity and/or provided subordinated debt up to one hundred and twenty million (120,000,000) Euro; and 

  

	 	(iii)	the Leipziger Messe GmbH: equity and/or provided subordinated debt up to two hundred million (200,000,000) Euro, 

 however, to the extent that the Limited Partners who are not members of the Group fail to inject their requisite equity respectively in relation to
(ii) and (iii) above, evidence from the Borrower that it has incurred and/or raised sufficient alternative debt and/or equity either from existing investors or third parties approved by the Majority Lenders and the Federal/State
Guarantors; 
  

	(e)	a report by the Insurance Adviser setting out the insurance coverage obtained in respect of the business and assets of the Borrower and a list of all current insurance policies;

  

	(f)	evidence that it has acquired and/or has vested in it all easements, way leaves and other access rights required by it at that time to implement the Project in accordance with the
Project Documents; 

  

 119 

	(g)	a confirmation of the Auditors that the EPC Contract has been entered into on an arm’s length basis; and 

  

	(h)	executed Account Pledge in relation to the Escrow Account and executed Cash Reserve Account Pledge. 

  

 120 

 Part III 
 Further Conditions Precedent 
 The Borrower shall ensure that on the date of a Utilisation Request and on the
proposed Utilisation Date and on the date of each withdrawal from the Escrow Account: 
  

	(a)	to the extent the sum of the amount to be utilised and the total Base Currency Amount of all prior Utilisation exceeds the amounts set out below, the Facility Agent receives a
certificate issued by the Technical Adviser confirming that there currently is a minimum of Average WSPW and an Average Yield as set opposite such amounts in the table below: 

  

						
	 Amount
	  	Average WSPW	  	Average Yield	 
	 EUR 400,000,000
	  	500	  	80 	%
	 EUR 500,000,000
	  	750	  	80 	%
	 EUR 600,000,000
	  	975	  	80 	%

  

	(b)	there is a presentation of a list of all Relevant Invoices, unless the Utilisation relates to: 

  

	 	(i)	disbursements into the Escrow Account; or 

  

	 	(ii)	withdrawals from the Escrow Account relating to prepayments of the Loans. 

  

 121 

 SCHEDULE 3 
 Requests 
 Part I 
 Utilisation Request 
  

	From:	AMD Fab 36 Limited Liability Company & Co. KG 

  

	To:	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent 

 Dated: 
 Dear Sirs 
 AMD Fab 36 Limited Liability Company & Co. KG - EUR700,000,000 
 facility agreement dated 21 April 2004 (the
“Facility Agreement”) 
  

	1.	We refer to the Facility Agreement. This is a Utilisation Request. Terms defined in the Facility Agreement have the same meaning in this Utilisation Request unless given a different
meaning in this Utilisation Request. 

  

	2.	We wish to borrow a Loan on the following terms: 

  

			
	Proposed Utilisation Date:	  	[                     ] (or, if that is not a Business Day, the next Business
Day).
		
	Currency of Loan:	  	[Euro] [Dollar].
		
	Amount:	  	[             ] or, if less, the [Available Facility] [amount in Euro which will reduce the Available Facility to
zero].
		
	Interest Period:	  	[                     ].

  

	3.	We confirm on our own behalf and on behalf of any other Obligor that each condition specified in Clause 4.3 (Further Conditions Precedent) of the Facility Agreement is
satisfied on the date of this Utilisation Request. We confirm that the Loan is to be applied for the following purpose: [purpose permitted pursuant to Clause 3 (Purpose) of the Facility Agreement to be specified]. We confirm that the
Repeating Representations are true, accurate and correct as of the date hereof. 

  

	4.	The proceeds of this Loan should be credited to [account]. 

  

	5.	This Utilisation Request is irrevocable. 

 Yours
faithfully 

					
			
		 	  
	 	
		 	authorised signatory for	 	
	
	AMD Fab 36 Limited Liability Company & Co. KG

  

 122 

 Part II 
 Selection Notice 
  

	From:	AMD Fab 36 Limited Liability Company & Co. KG 

  

	To:	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent 

 Dated: 
 Dear Sirs 
 AMD Fab 36 Limited Liability Company & Co. KG - EUR700,000,000 
 facility agreement dated 21 April 2004 (the “Facility Agreement”) 
  

	1.	We refer to the Facility Agreement. This is a Selection Notice. Terms defined in the Facility Agreement have the same meaning in this Selection Notice unless given a different
meaning in this Selection Notice. 

  

	2.	We refer to the Loan[s] with an Interest Period ending on [                    ].

  

	3.	We request that the above Loan[s] be divided into [                    ] Loans
with the following amounts and Interest Periods: [                     ] 

 or 
 [We request that the next Interest Period for the above Loan[s] is
[                    ].] 
  

	4.	We confirm on our own behalf and on behalf of the Guarantor that each condition specified in paragraphs (c) and (d) of Clause 4.3 (Further Conditions
Precedent) of the Facility Agreement is satisfied on the date of this Selection Notice. 

  

	5.	This Selection Notice is irrevocable. 

  

					
		 	Yours faithfully	 	
			
		 	  
	 	
		 	authorised signatory for	 	
	AMD Fab 36 Limited Liability Company & Co. KG

  

 123 

 SCHEDULE 6 
 Form of Compliance Certificate 
  

	To:	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent 

  

	From:	AMD Fab 36 Limited Liability Company & Co. KG 

 Dated: 
 Dear Sirs 
 AMD Fab 36 Limited Liability Company & Co. KG - EUR700,000,000 
 facility agreement dated 21 April 2004 (the “Facility Agreement”) 
  

	1.	We refer to the Facility Agreement. This is a Compliance Certificate. 

  

	2.	Save where the context requires otherwise, terms defined in the Facility Agreement have the same meanings when used in this certificate. 

  

	3.	In particular, we refer to Clause 18.1 (Financial Statements) and Clause 19 (Financial Covenants) of the Facility Agreement. We also refer to the quarterly financial
statements for the Fiscal Quarter ended [insert date] delivered to you on [insert date] in accordance with paragraph (b) of Clause 18.1 (Financial Covenants). 

  

	4.	We confirm that on the basis of the financial information contained in the above quarterly financial statements, as at [[the end of the Fiscal Quarter]/[the end of the
Fiscal Year]] set out below, the following financial ratios or amounts calculated in accordance with and as required by Clause 19 (Financial Covenants) were as follows: 

  

			
	 Covenant
	  	 Percentage

	 (Loan to Fixed Assets as at [state Fiscal Quarter]
	  	[             ]
	 (Clause 19.2 (Loan to Fixed Asset Value)).
	  	

 Accordingly, we confirm that the financial covenants set out in Clause 19 (Financial
Covenants) [have/have not] been complied with during the period in question. 
  

	5.	[We confirm that no Default is continuing.]*

  

	Signed:                      	

 (Managing Director
(Geschäftsführung)) 
 of 
 AMD Fab 36 Limited Liability 
 Company & Co. KG 
  

	*	If this statement cannot be made, the certificate should identify any Default that is continuing and the steps, if any, being taken to remedy it. 

  

 124 

 [insert applicable certification language] 
 ______________________ 
 for and on behalf
of 
 Ernst & Young 
  

 125 

 SCHEDULE 9 
 Timetables 
  

			
	 	  	 Loans in Euro or USD

	Delivery of a duly completed Utilisation Request (Clause 5.1 (Delivery of a Utilisation Request) or a Selection Notice Clause 9.1 (Selection of Interest
Periods)	  	D-4 12.00 noon
	Facility Agent notifies the Lenders of the amount and currency of the Loan in accordance with Clause 5.4 (Lenders’ Participation)	  	D-3 12.00 pm
		
	EURIBOR is fixed	  	Quotation Day as of 11:00 a.m.
		
	LIBOR is fixed	  	 Quotation Day as of 11:00 a.m.
 London
time

 D = first day of relevant Interest Period. 
 D - X = X Business Days prior to D. 
  

 126 

 SCHEDULE 14 
 Form of Statement of Sources and Uses 
 AMD Fab 36 Limited Liability Company & Co. KG 
  

	Sources	and Uses for Fiscal Quarter      -      

 Financing Uses 
  

			
	 	  	 [Euro/USD] amount in million

		
	 Capital Expenditure Equipment
	  	
		
	 Repayment
	  	
		
	 Net Loss w/o Allowances
	  	
		
	 Total Financing Uses
	  	
		
	Financing Sources	  	
		
	 	  	 [Euro/USD] amount in million

		
	 Equity
	  	
		
	 Allowances
	  	
		
	 Net Income w/o Allowances
	  	
		
	 Depreciation
	  	
		
	 Loan
	  	
		
	 Total Financing Sources
	  	
		
	 Cash Surplus
 Cumulative Cash Surplus
	  	

 [If requested by the Facility Agent:] [We hereby confirm (i) that the figures set out above are in agreement
with the books and records of AMD Fab 36 Limited Liability Company & Co. KG and (ii) we have conducted an inventory on the premises of AMD Fab 36 Limited Liability Company & Co. KG of all “Anlagen” (Equipment)
(as this term is defined in the AMD Fab 36 Limited Liability & Co. KG Facility Agreement (Kreditvertrag) dated 21 April 2004, as amended) identified in the attached list of Relevant Invoices.] [signed by the Auditors]

  

 127 

			
	Date:	 	  

		
		 	  

		 	s/managing director

  

 128 

 SCHEDULE 17 
 Required Insurance 
 The insurance policies taken out pursuant to the following documents constitute the
“Required Insurance” under this Agreement: 
  

	 	1)	Property Damage 

  

	 	(a)	Scope of Cover: “All risks” of loss or damage from any cause not excluded to the property and interests of every description used for or in connection with the
ownership, maintenance and operation of the Project. 

  

	 	(b)	Sum insured: To represent at all times the full replacement cost. 

  

					
	(c)	 	  Maximum deductible : 	  	USD25,000,000 combined Property Damage/Business Interruption

  

	 	2)	Marine Transit 

  

	 	(a)	Scope of Cover: From the time of first delivery of tools ( being any machinery and equipment used to manufacture chips which AMD have the responsibility to insure and which
are being transported for incorporation in the new building), “all risks” of physical loss or damage to all property and interests of every kind and description including spare parts, intended for the Project, while in transit by sea, air
or the land portion of the journey, from the time the property is being loaded at warehouse or factory anywhere in the world until unloading at the Project site in Germany, including off-site storage other than where covered under the Construction
and Erection “All Risks” Insurance or the Property Damage Insurance; 

  

	 	(b)	Sum insured: Max. $20,000,000 of any one sending and/or conveyance and/or locations 

  

	 	(c)	Maximum deductible: USD1,000,000.00 

  

	 	3)	Business Interruption 

  

	 	(a)	Scope of Cover: 

  

	 	(i)	loss of gross revenue anticipated during the Indemnity Period arising from an interruption or interference in the operation of the Project as a result of loss or damage covered
under the Property Damage “All Risks” and Marine Transit insurances including physical loss or damage which would be indemnifiable but for the application of any deductible, 

  

	 	(ii)	the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing interruption or interference which, without such expenditure, would have taken
place, 

 less any sums saved during the Indemnity Period as may cease or be reduced in consequence of the interruption or
interference. 
  

 129 

	 	(b)	Sum insured: An amount sufficient to cover the subject of the Scope of Cover set out in (a) above and for the maximum Indemnity period set out in (c) below.

  

	 	(c)	Indemnity period: 18 months 

  

					
	(d)	 	  Maximum deductible : 	  	USD25,000,000 combined Property Damage/Business Interruption

  

	 	4)	Third Party Liability 

  

	 	(a)	Scope of Cover: Indemnity in respect of legal liability of the insured parties to third parties for or arising from: 

  

	 	(i)	bodily injury, illness, death; or 

  

	 	(ii)	loss or damage to property; 

 arising out
of or in connection with the Project; 
  

	 	(b)	Limit of indemnity: USD10,000,000 per occurrence combined single limit for bodily injury and/or property damage; 

  

	 	(c)	Maximum deductible: USD1,000,000; and 

  

	 	5)	Compulsory insurances in Germany 

 To include any
insurances that are necessary to comply with statutory requirements in Germany. 
  

 130 

 SCHEDULE 19 
 English non-binding translation 
 [not attached to English translation] 
  

 131 

 SIGNATURES 
 The Borrower 
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 
  

			
	By:	 	  

	Address:	 	Wilschdorfer Landstrasse 101 01109 Dresden
		
	Attention:	 	Sven Eckardt
		
	Tel:	 	
		
	Fax:	 	

 The Mandated Lead Arrangers 
 ABN AMRO BANK N.V. 
  

			
	 By:
	 	  

		
	 Address:
	 	
		
	 Attention:
	 	

 COMMERZBANK AKTIENGESELLSCHAFT 
  

			
	 By:
	 	  

		
	 Address:
	 	
		
	 Attention:
	 	

 DEUTSCHE BANK LUXEMBOURG S.A. 
  

			
	 By:
	 	  

		
	 Address:
	 	
		
	 Attention:
	 	

 DRESDNER KLEINWORT, 
 THE INVESTMENT BANKING DIVISION 
 OF DRESDNER BANK AG 
  

			
	 By:
	 	  

		
	 Address:
	 	
		
	 Attention:
	 	

  

 132 

			
	KFW	 	
		
	By:	 	  

	Address:	 	
	Attention:	 	

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 
  

			
	By:	 	  

	Address:	 	
	Attention:	 	

 LANDESBANK SACHSEN GIROZENTRALE 
  

			
	By:	 	  

	Address:	 	
	Attention:	 	

 The Facility Agent 
 DRESDNER BANK AG, NIEDERLASSUNG LUXEMBURG 
  

			
	By:	 	  

	Address:	 	Dresdner Bank AG, Niederlassung Luxemburg 6a, route de Trèves L-2633 Senningerberg
		
	Fax:	 	+352 34 68 68 3222
		
	Attention:	 	Albertine Prellwitz, Katja Paul Agency
		
	Copy to:	 	Andrea Stockemer, Eva Gottschalk-Schmitt
		
	Fax:	 	+352 34 68 68 565

 The Security Agent and Reporting Agent 
 DRESDNER BANK AG in BERLIN 
  

			
	By:	 	  

	Address:	 	 Koppenstraße 92
 10877
Berlin

	Attention:	 	Hans-Jürgen Dittmann

  

 133 

 The Lenders 
 ABN
AMRO BANK N.V., NIEDERLASSUNG DEUTSCHLAND 
  

			
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	ALLIED IRISH BANK PLC
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	BAYERISCHE LANDESBANK
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	BHF-BANK AKTIENGESELLSCHAFT
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	COMMERZBANK AKTIENGESELLSCHAFT
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	DEUTSCHE BANK AG, LONDON
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

 134 

			
	DEUTSCHE BANK LUXEMBOURG S.A.
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	DRESDNER BANK AG in BERLIN
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	DZ BANK AG
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

 HVB BANQUE LUXEMBOURG SOCIETE ANONYME 
  

			
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	IKB INTERNATIONAL S.A.
		
	 By:
	 	  

	 Address:
	 	
	 Attention:
	 	

  

			
	KBC BANK DEUTSCHLAND AG
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

 135 

			
	KFW
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	LANDESBANK BADEN-WÜRTTEMBERG
		
	By:	 	  

	Address:	 	
	Attention:	 	

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 
  

			
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	LANDESBANK RHEINLAND-PFALZ
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	LANDESBANK SACHSEN GIROZENTRALE
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

			
	 NATEXIS BANQUES POPULAIRES,
 ZWEIGNIEDERLASSUNG DEUTSCHLAND

		
	By:	 	  

	Address:	 	
	Attention:	 	

  

 136 

			
	NRW BANK
		
	By:	 	  

	Address:	 	
	Attention:	 	

  

 137 

 Schedule 3 
 Amended Guarantee Agreement 

 GUARANTEE AGREEMENT 
  

 dated 21 April 2004

 as amended by Amendment Agreement dated 10 October 2006 
 between 
 ADVANCED MICRO DEVICES, INC. 
 the Guarantor 
 AMD FAB 36 LIMITED
LIABILITY COMPANY & CO. KG 
 the Borrower 
 DRESDNER BANK AG in Berlin 
 as Security Agent 
 and 
 DRESDNER BANK AG,
NIEDERLASSUNG LUXEMBURG 
 as Facility Agent 
 Milbank, Tweed, Hadley & McCloy LLP 
 Frankfurt 

 CONTENTS 
  

			
	 Clause
	  	Page
	 1.           DEFINITIONS AND INTERPRETATION
	  	2
	 2.           GUARANTEE
	  	9
	 3.           PAYMENT ON FIRST DEMAND
	  	9
	 4.           PRIMARY OBLIGATION
	  	9
	 5.           CONTINUING SECURITY
	  	10
	 6.           UNCONDITIONAL GUARANTEE
	  	10
	 7.           TAXES
	  	11
	 8.           CURRENCY INDEMNITY
	  	13
	 9.           CLAIMS BY GUARANTOR
	  	14
	 10.            REPRESENTATIONS AND WARRANTIES
	  	14
	 11.            INFORMATION UNDERTAKINGS
	  	23
	 12.            FINANCIAL COVENANTS
	  	27
	 13.            GENERAL UNDERTAKINGS
	  	30
	 14.            SET-OFF
	  	38
	 15.            MISCELLANEOUS
	  	38
	 16.            NOTICES
	  	38
	 17.            FURTHER ASSURANCE
	  	40
	 18.            PARTIAL INVALIDITY
	  	40
	 19.            AMENDMENTS
	  	40
	 20.            COUNTERPARTS
	  	40
	 21.            ASSIGNMENT
	  	40
	 22.            CONFIDENTIALITY
	  	41
	 23.            GOVERNING LAW
	  	41
	 24.            ENFORCEMENT
	  	41
		
	 Schedules
	  	 
	 SCHEDULE 1
	  	42
	 FORM OF COMPLIANCE CERTIFICATE
	  	42
	 SCHEDULE 2
	  	44
	 FORM OF MONTHLY CONSOLIDATED CASH REPORT
	  	44

 THIS GUARANTEE AGREEMENT is dated 21 April 2004 (amended on 10 October
2006), and made between: 
  

	(1)	Advanced Micro Devices, Inc., a corporation organised under the laws of the state of Delaware, United States of America, having its principal place of business in Sunnyvale,
California, United States of America (the “Guarantor”); 

  

	(2)	AMD Fab 36 Limited Liability Company & Co. KG, a German limited partnership with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany,
registered at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRA 5255 (the “Borrower”); 

  

	(3)	Dresdner Bank AG in Berlin as Security Agent under German law pursuant to and in accordance with Clause 24.1 (Appointment of the Facility Agent and the Security Agent)
of the Facility Agreement (the “Security Agent”); and 

  

	(4)	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent for the Lenders pursuant to and in accordance with Clause 24.1 (Appointment of the Facility Agent and the
Security Agent) of the Facility Agreement (the “Facility Agent”). 

 WHEREAS:

  

	(A)	The Lenders have agreed to make available to the Borrower a term facility on the terms of and subject to the Facility Agreement (as defined below). 

  

	(B)	It is a condition to the Lenders making the Facility available that the Guarantor enters into this Guarantee Agreement. 

  

	(C)	The Guarantor enters into this Guarantee Agreement in favour of the other parties hereto in order to ensure that the Finance Parties shall receive payment of all amounts expressed
to be payable by the Borrower under the Facility Agreement, any other Finance Document to which it is a party or the Subsidy Agreements in the currency and at the place provided therein at its stated or accelerated maturity and irrespective of the
factual or legal circumstances and motives by reason of which the Borrower may fail to pay the Guarantor’s Liabilities (as each are defined below). 

 IT IS AGREED as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Guarantee Agreement:

 “Agent” means “Agent” (Agent), as this term is defined in the Facility Agreement. 
 “Auditor” means “Wirtschaftsprüfer” (Auditor), as this term is defined in the Facility Agreement. 
 “Authorisation” means “Genehmigung” (Authorisation), as this term is defined in the Facility Agreement. 
  

 1 

 “Base Financial Statement” means “Basis-Abschlüsse” (Base
Financial Statement), as this term is defined in the Facility Agreement. 
 “Borrower” means AMD Fab 36 Limited Liability
Company & Co. KG. 
 “Business Day” means “Bankarbeitstag” (Business Day), as this term is defined
in the Facility Agreement. 
 “Business Plan” means “Geschäftsplan” (Business Plan), as this term is
defined in the Facility Agreement. 
 “Cash Shortfalls” means “Barmittel-Defizite” (Cash Shortfalls), as
this term is defined in the Facility Agreement. 
 “Charged Assets” means “Besichertes Vermögen”
(Charged Assets), as this term is defined in the Facility Agreement. 
 “Collateral Security” means any Security provided or
assumed by a person in favour of the Security Agent securing the Guarantor’s Liabilities, whether generally or to a limited extent only and whether created or entered into before, on or after the date of this Guarantee Agreement. 
 “Commitment” means “Kreditzusage” (Commitment), as this term is defined in the Facility Agreement. 
 “Compliance Certificate” means a certificate substantially in the form set out in Schedule 1 (Form of Compliance Certificate).

 “Credit Rating” means “Rating” (Credit Rating), as this term is defined in the Facility Agreement.

 “Dangerous Substance” means “Gefährliche Substanzen” (Dangerous Substance), as this term is defined
in the Facility Agreement. 
 “Default” means “Kündigungstatbestand” (Default), as this term is defined
in the Facility Agreement. 
 “Environment” means “Umwelt” (Environment), as this term is defined in the
Facility Agreement. 
 “Environmental Claim” means “Umweltansprüche” (Environmental Claim), as this
term is defined in the Facility Agreement. 
 “Environmental Contamination” means each of the following and their
consequences: 
  

	 	(a)	any release, discharge, emission, leakage or spillage of any Dangerous Substance at or from any site owned, leased, occupied or used by the Guarantor into any part of the
Environment; or 

  

	 	(b)	any accident, fire, explosion or sudden event at any site owned, leased, occupied or used by the Guarantor which is directly or indirectly caused by or attributable to any Dangerous
Substance; or 

  

 2 

	 	(c)	any other pollution of the Environment arising at or from any site owned or occupied by the Guarantor. 

 “Environmental Law” means “Umweltrecht” (Environmental Law), as this term is defined in the Facility Agreement.

 “Environmental Licence” means “Umweltgenehmigung” (Environmental Licence), as this term is defined in the
Facility Agreement. 
 “Equipment” means “Anlagen” (Equipment), as this term is defined in the Facility
Agreement. 
 “EU Notification Approval” means “EU-Genehmigung” (EU Notification Approval), as this term is
defined in the Facility Agreement. 
 “Event of Default” means “Kündigungsgrund” (Event of Default), as
this term is defined in the Facility Agreement. 
 “Facility” means “Kredit” (Facility), as this term is
defined in the Facility Agreement. 
 “Facility Agreement” means a term loan facility agreement of up to EUR700,000,000 dated
21 April 2004, as amended from time to time, made amongst, inter alia, the Borrower, the Lenders, Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent and Dresdner Bank AG in Berlin as Security Agent and Reporting Agent (the
“Facility Agreement”). 
 “Federal/State Guarantee” means “Bundes/Landesbürgschaft”
(Federal/State Guarantee), as this term is defined in the Facility Agreement. 
 “Federal/State Guarantor Decision” means
“Bürgschaftsentscheidung” (Federal/State Guarantor Decision), as this term is defined in the Facility Agreement. 
 “Federal/State Guarantors” means “Bundes-/Landesbürgen” (Federal/State Guarantors), as this term is defined in the Facility Agreement. 
 “Finance Documents” means this Guarantee Agreement, the Facility Agreement, any Fee Letter, any other Security Document and any other
document designated as such by the Facility Agent and the Borrower and “Finance Document” means any of them. 
 “Facility Office” means “Kreditgeschäftsstelle” (Facility Office), as this term is defined in the Facility Agreement. 
 “Fee Letters” means “Gebührenvereinbarungen” (Fee Letters), as this term is defined in the Facility Agreement. 
 “Finance Party” means “Finanzierungspartei” (Finance Party), as this term is defined in the Facility Agreement.

 “Financial Indebtedness” means “Finanzverbindlichkeit” (Financial Indebtedness), as this term is defined
in the Facility Agreement. 
 “General Partner” means “Komplementär” (General Partner), as this term is
defined in the Facility Agreement. 
  

 3 

 “German Subsidiaries” means, collectively or, where the context requires, individually,
each Subsidiary of the Guarantor incorporated, established or formed in Germany. 
 “Group” means “Gruppe” (Group),
as this term is defined in the Facility Agreement. 
 “Group Consolidated Cash” means for any fiscal month of the Guarantor
the amount of all cash, cash equivalents and short-term investments of the Guarantor and of all of its Subsidiaries (other than amounts which are “restricted cash” within the meaning of US GAAP, including cash and cash equivalents
which are the subject of Security in favour of any party (other than Transaction Security); this exclusion shall however not apply to Security in favour of any relevant account bank constituted by (i) application of standard terms and
conditions of financial institutions, (ii) other standard and customary terms and conditions or (iii) operation of law, in each case in respect of accounts which are not subject to any requirement to maintain a minimum balance on such
accounts), calculated employing the same method applied in calculating the annual audited and quarterly unaudited consolidated financial statements of the Guarantor in accordance with the terms of the Guarantee Agreement, less the aggregate amount
of all outstandings under any third-party revolving credit facility agreement (or third party term loan agreement for borrowed money with an original maturity of up to one (1) year) of the Guarantor and any member of the Group. 
 “Group Permitted Business” means, in relation to the Guarantor and the Group collectively, the design, development, manufacture and
marketing of integrated circuits, together with any activity which is ancillary or incidental to any of the above. 
 “Guarantee” means the irrevocable and unconditional guarantee issued by the Guarantor pursuant to the terms of this Guarantee Agreement. 
 “Guaranteed Liabilities” means all and any sums that may now be, or might at any time in the future become, due, owing, incurred or payable, whether actually or contingently, by the Borrower to the
Finance Parties under or pursuant to the Facility Agreement or any other Finance Document to which the Borrower is a party including, without limitation, on account of principal, interest, fees, expenses, indemnity payments, losses or damages and
irrespective of: 
  

	 	(a)	the capacity (whether as principal, agent, trustee, beneficiary, partner or otherwise) of the Borrower or any Finance Party; 

  

	 	(b)	whether the Borrower is liable as principal debtor or as surety; 

  

	 	(c)	whether the Borrower is liable alone or jointly and/or severally with any other person; and 

  

	 	(d)	whether originally owing to a Finance Party or purchased or otherwise acquired by it in accordance with the terms of the Facility Agreement. 

 “Guarantor’s Liabilities” means the Guaranteed Liabilities and the Indemnified Liabilities. 
 “Indemnified Liabilities” means all and any sums that may now be, or might at any time in the future become, due, owing, incurred or
payable, whether actually or contingently, by the Borrower under or pursuant to the Subsidy Agreements as a result of any repayment claim brought by the Federal Republic of Germany or the Free State of Saxony (Freistaat Sachsen) in connection
with any public allowances or grants (Investitionszuschüsse/ Investitionszulagen) provided to the Borrower including, without limitation, on account of principal, interest, fees, expenses, indemnity payments, losses or damages and
irrespective of: 
  

	 	(a)	the capacity (whether as principal, agent, trustee, beneficiary, partner or otherwise) of the Borrower or the Security Agent; 

  

 4 

	 	(b)	whether the Borrower is liable as principal debtor or as surety; and 

  

	 	(c)	whether the Borrower is liable alone or jointly and/or severally with any other person. 

 “Information Memorandum” means “Information Memorandum” (Information Memorandum), as this term is defined in the Facility Agreement. 
 “Insolvency” in relation to any person, refers to that person undergoing or being subject to any winding-up, bankruptcy, receivership,
administration, re-organisation, scheme of arrangement or composition, moratorium, assignment for the benefit of creditors or any analogous event or proceeding. 
 “Insurance Adviser” means “Versicherungsberater” (Insurance Adviser), as this term is defined in the Facility Agreement. 
 “Insurance Report” means “Versicherungsbericht” (Insurance Report), as this term is defined in the Facility Agreement.

 “Intellectual Property” means “Geistiges Eigentum” (Intellectual Property), as this term is defined in
the Facility Agreement. 
 “Intellectual Property Rights” means “Immaterialgüterrechte” (Intellectual
Property Rights), as this term is defined in the Facility Agreement. 
 “Interest Period” means
“Zinsperiode” (Interest Period), as this term is defined in the Facility Agreement. 
 “Lender” means
“Kapitalgeber” (Lender), as this term is defined in the Facility Agreement. 
 “Limited Partners” means
“Kommanditisten” (Limited Partners), as this term is defined in the Facility Agreement. 
 “Loan” means
“Kreditbetrag” (Loan), as this term is defined in the Facility Agreement. 
 “Majority Lenders” means
“Kreditgebermehrheit” (Majority Lenders), as this term is defined in the Facility Agreement. 
 “Management
Plan” means “Managementplan” (Management Plan), as this term is defined in the Facility Agreement. 
 “Material Adverse Effect” means “Wesentliche Nachteilige Veränderung” (Material Adverse Effect), as this term is defined in the Facility Agreement. 
 “Material Subsidiaries” means, collectively or, where the context requires, individually: 
  

	 	(a)	the Borrower; 

  

	 	(b)	AMD Saxony Limited Liability Company & Co. KG; and 

  

 5 

	 	(c)	any other member of the Group, including its Subsidiaries, which meets any of the following requirements: 

  

	 	(i)	the Guarantor’s and its Subsidiaries’ investment in and advances to such other member of the Group exceed five (5) per cent. of the total assets of the Group
consolidated as of the end of the most recently completed fiscal year; 

  

	 	(ii)	the Guarantor’s and its Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of such other member of the Group exceeds five
(5) per cent. of the total assets of the Group consolidated as of the end of the most recently completed fiscal year; or 

  

	 	(iii)	the Guarantor’s and its Subsidiaries’ earnings from continuing operations before income taxes, extraordinary items and the cumulative effect of a change in accounting
principles of such other member of the Group exceeds five (5) per cent. of such earnings of the Group consolidated for the most recently completed fiscal year. 

 “Month” means “Monat” (Month), as this term is defined in the Facility Agreement. 
 “Obligor” means “Verpflichteter” (Obligor), as this term is defined in the Facility Agreement. 
 “Original Lenders” means “Ursprüngliche Kreditgeber” (Original Lenders), as this term is defined in the Facility
Agreement. 
 “Other Surety” means any person (other than the Guarantor, the Borrower or the Security Agent) who is a party
to any Collateral Security. 
 “Participation” means “Beteiligung” (Participation), as this term is defined in the
Facility Agreement. 
 “Participation Agreement” means “Beteiligungsvereinbarung” (Participation Agreement),
as this term is defined in the Facility Agreement. 
 “Partnership Agreement” means “Gesellschaftsvertrag”
(Partnership Agreement), as this term is defined in the Facility Agreement. 
 “Partnership Interest Pledges” means
“Verpfändung der Gesellschaftsanteile” (Partnership Interest Pledges), as this term is defined in the Facility Agreement. 
 “Permitted Business” means “Zulässiger Geschäftsbetrieb” (Permitted Business), as this term is defined in the Facility Agreement. 
 “Permitted Indebtedness” means “Zulässige Verbindlichkeiten” (Permitted Indebtedness), as this term is defined in
the Facility Agreement. 
 “Permitted Security” means “Zulässige Sicherheiten” (Permitted Security), as
this term is defined in the Facility Agreement. 
 “Project” means “Projekt” (Project), as this term is
defined in the Facility Agreement. 
 “Project Documents” means “Projektdokumente” (Project Documents), as
this term is defined in the Facility Agreement. 
  

 6 

 “Protected Party” means “Geschützte Partei” (Protected Party), as
this term is defined in the Facility Agreement. 
 “Qualifying Lenders” means “Qualifizierte Kreditgeber”
(Qualifying Lenders), as this term is defined in the Facility Agreement. 
 “Quarter Date” means
“Quartalstag” (Quarter Date), as this term is defined in the Facility Agreement. 
 “Relevant GAAP” means:

  

	 	(a)	in respect of the Borrower, German GAAP; 

  

	 	(b)	in respect of the Guarantor, US GAAP; and 

 in respect of
any other member of the Group (either alone or including its Subsidiaries on a consolidated basis) the generally accepted accounting principles and practices of its jurisdiction of incorporation, formation or establishment. 
 “Relevant Subsidiaries” means, collectively or, where the context requires, individually, the General Partner, AMD Fab 36 Holding GmbH,
AMD Fab 36 Admin GmbH and the Borrower. 
 “Repeating Representations” means each of the representations set out in Clause
10.2 (Status) to Clause 10.8 (Governing Law and Enforcement) (inclusive), Clause 10.11 (No Default) to Clause 10.23 (No Security) (inclusive) and Clause 10.27 (Management Plans) to Clause 10.32 (Security from
the Borrower) (inclusive). 
 “Reporting Agent” means “Berichtsagentin” (Reporting Agent), as this term
is defined in the Facility Agreement. 
 “Revolving Credit Agreement” means
“Gesellschafter-Barkreditvertrag” (Revolving Credit Agreement), as this term is defined in the Facility Agreement. 
 “SEC” means the United States Securities and Exchange Commission. 
 “Second General Partner” means
“Zweiter Komplementär” (Second General Partner), as this term is defined in the Facility Agreement. 
 “Security” means “Sicherheiten” (Security), as this term is defined in the Facility Agreement. 
 “Security Document” means “Sicherheitendokument” (Security Document), as this term is defined in the Facility Agreement. 
 “Signing Date” means “Tag der Unterzeichnung” (Signing Date), as this term is defined in the Facility Agreement. 
 “Site” means “Betriebsgrundstück” (Site), as this term is defined in the Facility Agreement. 
 “Subordinated Loan” means “Nachrangige Darlehen” (Subordinated Loan), as this term is defined in the Facility Agreement.

  

 7 

 “Subordinated Loan Agreement” means
“Gesellschafter-Tilgungskreditvertrag” (Subordinated Loan Agreement), as this term is defined in the Facility Agreement. 
 “Subordination Agreement” means “Nachrang- und Kapitalbelassungsvereinbarung” (Subordination Agreement), as this term is defined in the Facility Agreement. 
 “Subsidiary” means “Tochtergesellschaft” (Subsidiary), as this term is defined in the Facility Agreement. 
 “Subsidy Agreement” means “Zuschußvertrag” (Subsidy Agreement), as this term is defined in the Facility Agreement.

 “Tax” means “Steuern” (Tax), as this term is defined in the Facility Agreement. 
 “Tax Credit” means “Steuergutschrift” (Tax Credit), as this term is defined in the Facility Agreement. 
 “Tax Deduction” means “Steuerabzug” (Tax Deduction), as this term is defined in the Facility Agreement. 
 “Tax Payment” means “Steuerzahlung” (Tax Payment), as this term is defined in the Facility Agreement. 
 “Technical Completion” means “Technische Fertigstellung” (Technical Completion), as this term is defined in the Facility
Agreement. 
 “Transaction Document” means “Transaktionsdokument” (Transaction Document), as this term is
defined in the Facility Agreement. 
 “Transaction Security” means “Transaktionssicherheiten” (Transaction
Security), as this term is defined in the Facility Agreement. 
 “Treaties” means “Abkommen” (Treaties), as
this term is defined in the Facility Agreement. 
 “US GAAP” means generally accepted accounting principles set forth from
time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar
functions of comparable stature and authority within the U.S. accounting profession), as applicable. 
 “Utilization Request”
means “Ziehungsnotiz” (Utilization Request), as this term is defined in the Facility Agreement. 
  

	1.2	Interpretation 

  

	 	(a)	Any reference in this Guarantee Agreement to: 

  

	 	(i)	the “Security Agent”, “Facility Agent”, the “Borrower” or the “Guarantor” shall be construed so as to include its
successors in title, permitted assigns and permitted transferees; 

  

	 	(ii)	the “Facility Agreement” or any other agreement or instrument is a reference to the Facility Agreement or other agreement or instrument as amended, supplemented,
restated, novated or otherwise modified from time to time; 

  

 8 

	 	(iii)	a “person” includes any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having
separate legal personality) or two or more of the foregoing; 

  

	 	(iv)	a provision of law is a reference to that provision as amended or re-enacted; and 

  

	 	(v)	unless a contrary indication appears, a time of day is a reference to Frankfurt am Main time. 

  

	 	(b)	Section, Clause and Schedule headings are for ease of reference only. 

  

	 	(c)	A capitalised term used in this Guarantee Agreement or in any notice given under or in connection with this Guarantee Agreement and not otherwise defined herein has the meaning
ascribed to such term in the Facility Agreement. 

  

	2.	GUARANTEE 

  

	(a)	The Guarantor hereby irrevocably and unconditionally guarantees the due and punctual payment in full to the Lenders (acting through the Security Agent), without set-off or
deduction, of the Guaranteed Liabilities in accordance with, and in the currency or respective currencies in which the same are payable under, the terms of the relevant Finance Documents. Payment shall be made within three (3) Business Days of
demand to such account in Germany as the Security Agent shall specify in writing. 

  

	(b)	The Guarantor hereby irrevocably and unconditionally undertakes to indemnify, within three (3) Business Days of demand by the Borrower or the Security Agent, the Borrower and
any other party to this Guarantee Agreement against any cost, loss or liability incurred by that party as a result of any repayment claim brought by the Federal Republic of Germany or the Free State of Saxony (Freistaat Sachsen) in connection
with any public allowances or grants (Investitionszuschüsse/Investitionszulagen) provided to the Borrower pursuant to a Subsidy Agreement. 

  

	3.	PAYMENT ON FIRST DEMAND 

 The Guarantor undertakes
to effect payment hereunder promptly upon receipt of the Security Agent’s first written demand and its confirmation in writing that the amount claimed corresponds to the Guarantor’s Liabilities. 
  

	4.	PRIMARY OBLIGATION 

 The Guarantee constitutes the
Guarantor’s primary obligation (Garantie) (and not a surety guarantee obligation (Bürgschaft)) to make payment to the Security Agent in accordance with the terms of this Guarantee Agreement, under any and all circumstances,
regardless of the validity, legality or enforceability of the Facility Agreement or any other Finance Document. Demands may be made under this Guarantee Agreement from time to time and may be enforced irrespective of whether any steps or proceedings
are or will be taken against the Borrower or any Other Surety to recover amounts claimed under this Guarantee Agreement. 
  

 9 

	5.	CONTINUING SECURITY 

 This Guarantee Agreement shall
be a continuing security until all of the Guarantor’s Liabilities have been paid, discharged or performed in full and shall not be satisfied by any intermediate discharge or payment of or on account of the Guarantor’s Liabilities or any of
them or any settlement of accounts between the Finance Parties and the Borrower or any Other Surety or the Federal Republic of Germany, the Free State of Saxony (Freistaat Sachsen), the Agents and the Borrower. 
  

	6.	UNCONDITIONAL GUARANTEE 

  

	6.1	Absolute Payment Obligation 

 The Guarantor’s
liability hereunder shall be absolute and unconditional in all circumstances and shall not be discharged, impaired or otherwise affected by any defences, exceptions, rights of withholding or counterclaims which may be available to the Borrower,
including without limitation, any one or more of the following (whether occurring with or without the consent of, or notice to, any person): 
  

	 	(a)	the Facility Agreement or any Collateral Security being or becoming wholly or partially illegal, void, voidable, subject to a right of rescission (Anfechtung) or
unenforceable for any reason whatsoever; 

  

	 	(b)	any absence or insufficiency of corporate resolutions relating to the Facility Agreement; 

  

	 	(c)	any inadequate representation of the Borrower; 

  

	 	(d)	any absence of licences or other authorisations or any factual or legal restrictions or limitations existing or introduced in the country of incorporation, establishment or
formation of the Borrower; 

  

	 	(e)	the Security Agent holding, taking, renewing or extending any Collateral Security at any time; 

  

	 	(f)	any variation, amendment, modification, replacement, termination, waiver, release, discharge, exchange, assignment or transfer of, or other dealing with, the Facility Agreement,
this Guarantee Agreement or any Collateral Security (however fundamental and including, without limitation, any increase in any amount due or owing thereunder or in the rate of interest or any other sum payable thereunder or any prejudice to or loss
of any rights of subrogation); 

  

	 	(g)	any time, credit or other indulgence being granted to, or any release of or composition or other arrangement with, the Borrower or any Other Surety; 

  

	 	(h)	any inability, omission or neglect (intentional or otherwise) on the part of the Security Agent to take or perfect, or on the part of the Borrower or any other person to give, any
Collateral Security agreed or intended to be taken or given or any such inability, omission or neglect on the part of the Security Agent to enforce the Agreement or any Collateral Security; 

  

	 	(i)	any right of set-off (Aufrechnung), right of withholding or retention (Zurückbehaltungsrecht) or similar rights of the Borrower or any third party on behalf of
the Borrower; 

  

 10 

	 	(j)	any acquiescence, negligence or mistake on the part of an Agent; 

  

	 	(k)	the Lenders or any Agent being able to raise any right of combination of accounts, set-off or similar rights in view of any Guarantor’s Liabilities; and

  

	 	(l)	any other act, fact, event or omission which but for this provision might operate to discharge, impair or otherwise affect the Guarantor’s liability hereunder.

  

	6.2	Unrestricted Right of Enforcement 

 The
Guarantor’s obligations hereunder are in addition to and not in substitution for any Collateral Security which the Security Agent may now or hereafter hold. This Guarantee Agreement may be enforced without the Security Agent first having
recourse to any such Collateral Security and without having to take any steps or proceedings or exhaust any rights against the Borrower or any Other Surety, or may be enforced for any balance due to the Security Agent after having resorted to any
one or more such means of obtaining payment and discharge of all or any part of the Guarantor’s Liabilities. 
  

	7.	TAXES 

  

	7.1	Indemnity 

  

	(a)	The Guarantor shall (within three (3) Business Days of demand by the Security Agent) pay to the Protected Party an amount equal to the loss, liability or cost that that
Protected Party determines will be or has been (directly or indirectly) suffered for or on account of withholding Tax, stamp duty, registration and other similar Taxes by that Protected Party in respect of a Finance Document.

  

	(b)	Paragraph (a) above shall not apply: 

  

	 	(i)	with respect to any Tax assessed on a Lender: 

  

	 	(A)	under the law of the jurisdiction in which that Lender is incorporated or, if different, the jurisdiction (or jurisdictions) in which that Lender is treated as resident for tax
purposes; or 

  

	 	(B)	under the law of the jurisdiction in which that Lender’s Facility Office is located in respect of amounts received or receivable in that jurisdiction, 

if in either case that Tax is imposed on or calculated by reference to the net income received or receivable (but not any sum deemed to be received or
receivable) by that Lender; or 
  

	 	(ii)	to the extent a loss, liability or cost: 

  

	 	(A)	is compensated for by an increased payment under Clause 7.2 (Gross-up); or 

  

	 	(B)	would have been compensated for by an increased payment under Clause 7.2 (Gross-up) but was not so compensated solely because one of the exclusions in paragraph
(d) of Clause 7.2 (Gross-up) applied. 

  

	(c)	A Protected Party making, or intending to make, a claim pursuant to paragraph (a) above shall promptly notify the Security Agent of the event which will give, or has given,
rise to the claim, following which the Security Agent shall notify the Guarantor. 

  

 11 

	(d)	A Protected Party shall, on receiving a payment from the Guarantor under this Clause 7.1, notify the Security Agent. 

  

	7.2	Gross-Up 

  

	(a)	The Guarantor shall make all payments to be made by it without any Tax Deduction, unless a Tax Deduction is required by law. 

  

	(b)	The Guarantor shall promptly upon becoming aware that the Guarantor must make a Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction) notify the
Security Agent accordingly. Similarly, a Lender shall notify the Security Agent on becoming so aware in respect of a payment payable to that Lender. If the Security Agent receives such notification from a Lender it shall notify the Guarantor.

  

	(c)	If a Tax Deduction is required by law to be made by the Guarantor in respect of a payment to a Lender, the amount of the payment due from the Guarantor to that Lender shall be
increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment which would have been due if no Tax Deduction had been required. 

  

	(d)	The Guarantor is not required to make an increased payment to a Lender under paragraph (c) above for a Tax Deduction in respect of any payment which is capable of attracting a
Tax Deduction, if on the date on which the payment falls due: 

  

	 	(i)	the payment relates to a Tax referred to in paragraph (b) of Clause 7.1 (Indemnity); 

  

	 	(ii)	the payment could have been made to the relevant Lender without the Tax Deduction if it was a Qualifying Lender, but on that date that Lender is not or has ceased to be a Qualifying
Lender other than as a result of any change after the date it became a Lender under the Facility Agreement in (or in the interpretation, administration or application of) any law or Treaty, or any published practice or concession of any relevant
taxing authority; or 

  

	 	(iii)	the Guarantor is able to demonstrate that the payment could have been made to that Lender without the Tax Deduction had that Lender complied with its obligations under paragraph
(g) below, including timely providing the documents allowing the Guarantor to make the payment without a Tax Deduction. 

  

	(e)	If the Guarantor is required to make a Tax Deduction, the Guarantor shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time
allowed and in the minimum amount required by law. 

  

	(f)	Within thirty (30) days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the Guarantor shall deliver to the Security Agent for
the Finance Party entitled to the payment evidence reasonably satisfactory to that Finance Party that the Tax Deduction has been made or (as applicable) any appropriate payment has been paid to the relevant taxing authority.

  

	(g)	A Lender and the Guarantor shall co-operate in completing any procedural formalities necessary for the Guarantor to obtain authorisation to make a payment to that Lender without a
Tax Deduction, and such Lender shall provide to the applicable party or parties on a timely basis the necessary documents allowing the Guarantor to make the payment without a Tax Deduction. 

  

 12 

	(h)	Any difference in the amount which is owed by the Guarantor under paragraph (c) above will not be covered by the Federal/State Guarantee. Any such amount which is paid by the
Guarantor and not recovered by it under Clause 7.3 (Tax Credit) is deemed to reduce the principal amount owed by the Guarantor in relation to the Federal/State Guarantor. 

  

	7.3	Tax Credit 

  

	(a)	If the Guarantor makes a Tax Payment and the relevant Lender determines that: 

  

	 	(i)	a Tax Credit is attributable either to an increased payment of which that Tax Payment forms part, or to that Tax Payment; and 

  

	 	(ii)	that Lender has obtained, utilised and retained that Tax Credit, or could have obtained, utilised or retained that Tax Credit had it claimed such benefit according to the applicable
procedural rules within the provisions of paragraph (c) below, 

 the Lender shall pay an amount to the Guarantor which
that Lender determines will leave it (after that payment) in the same after-Tax position as it would have been in had the Tax Payment not been required to be made by the Guarantor. Upon the request of the Guarantor, the relevant Lender will use its
reasonable endeavours (to the extent commercially practicable and legally permitted) to recover such Tax Credit. 
  

	(b)	If such a Tax Credit by reference to which a Lender has made a payment to the Guarantor under paragraph (a) above is subsequently disallowed or cancelled, the Guarantor must
reimburse any payment made under paragraph (a) above to the relevant Lender. 

  

	(c)	If the Guarantor makes a Tax Payment, the relevant Lender shall take reasonable steps to claim a Tax Credit unless in the opinion of that Lender the making of such claim might have
an adverse effect on its business, operations, property, condition or prospects (financial or otherwise). The Guarantor shall bear any costs incurred by a Lender in making such a claim. 

  

	7.4	Original Lenders’ Confirmation 

  

	(a)	Each Original Lender confirms to the Guarantor, the Security Agent and the Facility Agent on the date of this Guarantee Agreement that it is a Qualifying Lender.

  

	(b)	A Lender shall promptly give notice to the Guarantor (through the Security Agent) if it becomes aware of any change in the position from that set out in paragraph (a) above.

  

	8.	CURRENCY INDEMNITY 

 If any amount is received by
the Security Agent in a currency other than that in which the relevant obligation or liability of the Guarantor was payable (the “Required Currency”) (whether pursuant to a judgment, in the Insolvency of the Guarantor or otherwise),
such obligation or liability shall be discharged only to the extent that an Agent is able, upon receipt of such amount, to purchase the Required Currency with such other currency in accordance with the usual banking procedures of the Security Agent.
If the amount in the Required Currency which may be so purchased is, after deducting any costs of exchange and any other related costs, less than the amount of the relevant obligation or liability, the Guarantor shall, as a separate and independent
obligation and notwithstanding any time or other indulgence granted to the Guarantor or any other act, matter or thing, forthwith pay to the Security Agent the amount of the shortfall. 
  

 13 

	9.	CLAIMS BY GUARANTOR 

  

	9.1	Limitation on Exercise of Rights 

 So long as any
Guarantor’s Liability remains outstanding or capable of arising the Guarantor waives all rights of subrogation and indemnity against the Borrower and any Other Surety and agrees that it shall not exercise any rights which it may have by reason
of performance by it of its obligations hereunder and under the other Finance Documents and it shall not, except as may be directed by the Security Agent: 
  

	 	(a)	make or enforce any claim or right against the Borrower or any Other Surety whether in respect of any payment hereunder or otherwise and whether by way of defence, set off,
counterclaim, subrogation, contribution, indemnity or otherwise, except as specifically permitted under the Subordination Agreement; 

  

	 	(b)	claim the benefit of any set-off, counterclaim, proof, dividend, composition or payment to which an Agent may now or hereafter be entitled from or against the Borrower or any Other
Surety, except as specifically permitted under the Subordination Agreement; 

  

	 	(c)	claim the benefit of or participate in any Collateral Security now or hereafter held by the Security Agent or any share therein; 

  

	 	(d)	prove or claim in competition to the Security Agent in the Insolvency of the Borrower or any Other Surety so as to diminish any distribution, dividend or payment which, but for such
proof or claim, the Security Agent would be entitled to receive and the Guarantor shall not claim or receive the benefit of any distribution, dividend or payment arising out of or relating thereto; 

  

	 	(e)	call on an Agent to sue or take proceedings against the Borrower or any Other Surety or raise a defence, set-off or counterclaim of the Guarantor, the Borrower or any Other Surety
in reduction of the Guarantor’s liability hereunder; 

  

	 	(f)	otherwise have or exercise any rights of subrogation or as surety in competition with an Agent. 

  

	9.2	Payments under the Project Documents 

 Subject to
the terms of the Subordination Agreement, nothing contained in this Guarantee Agreement shall prevent the Guarantor from receiving any payments due to it pursuant to the Project Documents. 
  

	10.	REPRESENTATIONS AND WARRANTIES 

  

	10.1	Representations and Warranties 

  

	(a)	The Guarantor makes the representations and warranties set out in Clause 10.11 (No Default), Clause 10.13 (Good Title to Assets), Clause 10.14 (Intellectual
Property Rights), Clause 10.21 (Taxation) to Clause 10.23 (No Security or Guarantees) (inclusive), paragraphs (b) to (d) (inclusive) of Clause 24 (Information Memorandum) to Clause 10.28 (Change in Business)
(inclusive), Clause 10.30 (Material Disclosures) and Clause 10.32 (Security from the Borrower) below on behalf of itself, and makes all other representations and warranties set out in this Clause 10, except where noted otherwise, on
behalf of itself and each of its Subsidiaries. 

  

 14 

	(b)	The Finance Parties have entered into the Facility Agreement in reliance on these representations and warranties. 

  

	10.2	Status 

  

	(a)	The Guarantor and each Relevant Subsidiary is a corporation, limited liability company or a limited partnership (KG), duly incorporated, established or formed and validly
existing under the law of the jurisdiction of its place of incorporation, establishment or formation. 

  

	(b)	The Guarantor and each Relevant Subsidiary has the power to own its assets and carry on its business as it is currently being conducted. 

  

	(c)	As of the Signing Date, one hundred (100) per cent. of the capital partnership interests (Kapitalanteile) in the Borrower are held by the Limited Partners.

  

	(d)	The Limited Partners who are members of the Group have an aggregate minimum holding of at least fifty-one (51) per cent. of the capital in the Borrower and neither
Limited Partner that is a member of the Group holds partner or equity interests in any other person (except that AMD Fab 36 Admin GmbH is a wholly-owned subsidiary of AMD Fab 36 Holding GmbH). 

  

	(e)	AMD Fab 36 Holding GmbH and the General Partner are wholly-owned subsidiaries of the Guarantor. 

  

	10.3	No Winding-Up 

 Save as otherwise disclosed in
writing to the Facility Agent, no administrator, receiver, insolvency trustee, bankruptcy examiner, liquidator or similar officer or official has been appointed with respect to the Guarantor, any Material Subsidiary or any Relevant Subsidiary or any
of their assets and (to the best of its knowledge and belief) no petition by a third party or proceeding for any such appointment is pending nor has any resolution for any such appointment been passed. 
  

	10.4	Binding Obligations 

 The obligations expressed to
be assumed by the Guarantor and each Relevant Subsidiary in each Transaction Document to which it is a party are, subject to any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered
pursuant to Clause 4 (Conditions of Utilisation) of the Facility Agreement and the conditions precedent set forth in the Finance Documents, legal, valid, binding and enforceable obligations. 
  

	10.5	Non-Conflict with Other Obligations 

 The entry into
and performance by the Guarantor and any other member of the Group that is a party to a Transaction Documents of, and the transactions contemplated by, the Transaction Documents to which the Guarantor and/or such other member of the Group is a party
do not and will not conflict with: 
  

	 	(a)	any law or regulation applicable to it; 

  

	 	(b)	its constitutional documents; 

  

	 	(c)	 any material agreement or instrument binding upon it or any material part of its assets, 

  

 15 

 
nor (except as provided in any Security Documents to which the Guarantor and/or such other member of the Group is a party) result in the creation of, or
oblige the Guarantor or such other member of the Group or any of its Subsidiaries to create, any Security (other than Permitted Security) over any material part of its or any of its Subsidiaries’ assets. 
  

	10.6	Power and Authority 

 Each of the Guarantor and any
other member of the Group that is a party to a Transaction Document has the power to enter into, perform and deliver, and has taken all necessary action to authorise its entry into, performance and delivery of, the Transaction Documents to which it
is a party and the transactions contemplated by those Transaction Documents. 
  

	10.7	Validity and Admissibility in Evidence 

 All
Authorisations (not including the EU Notification Approval) required by each of the Guarantor and any other member of the Group that is a party to a Transaction Document: 
  

	 	(a)	to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Transaction Documents to which it is a party; 

  

	 	(b)	to make the Transaction Documents to which it is a party admissible in evidence in its jurisdiction of incorporation, establishment or formation; and 

  

	 	(c)	to enable it to create any Security expressed to be created by it by or pursuant to, or as the case may be, any Security expressed to have been created by it and to be evidenced in,
any Security Document to which it is a party and to ensure that such Security has the priority and ranking it is expressed to have, 

 have been obtained or effected and are in full force and effect, save for (i) any filings, registrations or notarisations required in relation to the Security Documents to which it is a party, which filings, registrations or
notarisations will be made promptly after execution of the relevant documents and in any event within applicable time limits, or (ii) such filings, registrations or notarisations which have been obtained and effected. 
  

	10.8	Governing Law and Enforcement 

  

	(a)	The choice of German law as the governing law of the Finance Documents to which each of the Guarantor and any other member of the Group is a party (or, in respect of any Security
Document to which it is a party, the choice of the relevant governing law of that Security Document) will be recognised and enforced in its jurisdiction of incorporation, establishment or formation, subject to the requirements for or exceptions to
the recognition and enforcement of provisions governed by foreign laws generally applicable in such jurisdiction. 

  

	(b)	Any judgment obtained in Germany in relation to the Finance Document to which each of the Guarantor and any other member of the Group is a party (or, in respect of any Security
Document to which it is a party, any judgment obtained in the courts which are expressed to have jurisdiction to hear disputes under that Security Document) will be recognised and enforced in its jurisdiction of incorporation, establishment or
formation, subject to the requirements for or exceptions to the enforcement of foreign judgments generally applicable in such jurisdiction. 

  

 16 

	10.9	Deduction of Tax 

 To the extent that a payment by
the Guarantor or any other member of the Group under a Finance Document to which it is a party is made to a Qualifying Lender and such Qualifying Lender has provided all the documentation required under applicable laws and regulations, neither the
Guarantor nor such other member of the Group is required under the law of its jurisdiction of incorporation, establishment or formation to make any deduction for or on account of Tax from any such payment. 
  

	10.10	No Filing or Stamp Taxes 

 Under the law of the
jurisdiction of incorporation, establishment or formation of the Guarantor and any other member of the Group that is a party to a Finance Document, it is not necessary that the Finance Documents to which it is a party be filed, recorded or enrolled
with any court or other authority in that jurisdiction or that any stamp, registration or similar tax be paid on or in relation to the Finance Documents to which it is a party or the transactions contemplated therein. 
  

	10.11	No Default 

  

	(a)	No Event of Default is continuing or might reasonably be expected to result from the making of any Utilisation. 

  

	(b)	No other event or circumstance is outstanding which constitutes any material default under any other agreement or instrument which is binding on the Guarantor or to which its assets
are subject which would amount to an aggregate liability of over twenty million (20,000,000) Euro arising under such agreement or instrument from such default (save to the extent that any liabilities are being contested in good faith).

  

	10.12	Information 

  

	(a)	Any written information (excluding that referred to in Clause 10.24 (Information Memorandum)) and any financial information (including in relation to the Credit Ratings)
provided by the Guarantor and/or any German Subsidiary to any Finance Party in connection with the Transaction Documents was true, accurate and complete in all material respects as at the date it was provided and was not misleading in any material
respect. 

  

	(b)	To the extent that the information referred to in paragraph (a) above contained any opinions, forecasts, projections and/or conclusions, such opinions, forecasts, projections
and/or conclusions were fair, based on reasonable assumptions and were made in good faith; provided however, that the Guarantor and the German Subsidiaries make no representation or warranty in relation to any information provided by a third
party and denoted as such. 

  

	10.13	Good Title to Assets 

 The Borrower has, subject to
Permitted Security, good and marketable title to or valid leases or licences of or is otherwise entitled to use all material assets (including the Equipment acquired as at the date of this representation, but not including Intellectual Property
which is subject to the provisions of Clause 17.14 (Intellectual Property Rights) of the Facility Agreement) necessary to carry on its business as it is being conducted. 
  

 17 

	10.14	Intellectual Property Rights 

  

	(a)	To the best of its knowledge and belief, the Guarantor has legal rights to use all the Intellectual Property which is material to its business and, unless otherwise disclosed by an
Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, to the best of its knowledge and belief, the Guarantor does not, in carrying on its business, infringe any Intellectual
Property Rights of any third party in any material respect. 

  

	(b)	To the best of its knowledge and belief, unless otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of
its SEC filings, the Guarantor has registered and has taken all requisite actions (including payment of fees) required to maintain in full force and effect any registered Intellectual Property Rights owned by the Guarantor which are material in the
context of its business or which are required to be registered under applicable law. 

  

	10.15	Creation of Security 

  

	(a)	Each of the Guarantor and any other member of the Group that is a party to a Security Document is, or at the time of execution (and the fulfilment of any conditions included
therein) of the Security Documents to which it is a party will be, subject to any Permitted Security, the absolute owner (Eigentümer) of all the material assets over which it purports to create Security by or pursuant to or as evidenced
in the Security Documents to which it is a party. 

  

	(b)	Each Security Document to which each of the Guarantor and any other member of the Group that is a party to a Security Document is or is to be a party creates, or upon such execution
(and the fulfilment of any conditions included therein) will create, the Security which that Security Document purports to create or, if that Security Document purports to evidence Security, accurately evidences, or upon such execution (and the
fulfilment of any conditions included therein) will so evidence, Security which has been validly created. 

  

	(c)	The partner or equity interests (Gesellschaftsanteile) of each of the Guarantor and any other member of the Group that is a party to a Security Document which are or are to
be subject to any Security created by or pursuant to, or evidenced in, any of the Security Documents to which it is or is to be a party have been or will be duly authorised and validly issued and are or will be fully paid in, as specified in the
“Milestones” set out in the Partnership Agreement, and non-assessable. 

  

	10.16	Insurance 

  

	(a)	Each of the Guarantor and the Relevant Subsidiaries maintains or is the beneficiary of insurance on and in relation to its business and assets (and in particular, the Borrower
maintains the Required Insurance on and in relation to the Site) with reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by it in its
jurisdiction of incorporation, establishment or formation. 

  

	(b)	There has been no omission to disclose a fact which must be disclosed by applicable law or pursuant to contract, which might in either case entitle an insurer to avoid or otherwise
reduce its liability under any policy relating to insurance as referred to in paragraph (a) above. 

  

 18 

	10.17	Pari Passu Ranking 

 The payment obligations under
the Finance Documents to which each of the Guarantor and any other member of the Group is a party rank at least pari passu with the claims of all its unsecured and unsubordinated creditors except for obligations mandatorily preferred by law
applying to creditors or certain types of creditors generally. 
  

	10.18	No Proceedings Pending or Threatened 

 Except as
otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, no material litigation, arbitration or administrative proceedings of or before any court, arbitral
body or agency in relation to an Obligor, the Project or any Transaction Document to which such Obligor is a party which, if adversely determined, might reasonably be expected to have a Material Adverse Effect have been started or (to the best of
that Obligor’s knowledge and belief) threatened against it. 
  

	10.19	Environmental Compliance 

  

	(a)	Save as otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, it has obtained all
requisite Environmental Licences as then required in relation to it business, where failure to do so would or might reasonably be expected to have a Material Adverse Effect, and has at all times, unless otherwise disclosed by an Obligor in writing
to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, complied in all material respects with: 

  

	 	(i)	all applicable Environmental Laws as then required in relation to its business; 

  

	 	(ii)	the terms and conditions of such Environmental Licences; and 

  

	 	(iii)	all other covenants, conditions, restrictions and agreements binding on it directly or indirectly concerned with any Environmental Contamination, 

 in each case where failure to do so would or might reasonably be expected to have a Material Adverse Effect. 
  

	(b)	Save otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, there are to its
knowledge no events or circumstances that have occurred which may prevent or interfere with the compliance in any material respect in the future of it with all applicable Environmental Laws required in relation to its business, the terms of all
Environmental Licences referred to in paragraph (a) above and all covenants, conditions, restrictions and agreements referred to in such paragraph and which would or might reasonably be expected to have a Material Adverse Effect.

  

	10.20	Environmental Claims 

 Save as otherwise disclosed
by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, no Environmental Claim in relation to its business has been started or (to the best of its knowledge and belief)
threatened against it which may reasonably be expected to have a Material Adverse Effect. 
  

 19 

	10.21	Taxation 

  

	(a)	The Borrower has duly and punctually paid and discharged all Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties; save to the
extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	(b)	The Guarantor has duly and punctually paid and discharged all German Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties; save to
the extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	(c)	Neither Obligor is materially overdue in the filing of any Tax returns in Germany or the United States. 

  

	(d)	No claims are being asserted against either Obligor, nor is either Obligor aware of any claims that are reasonably likely to be asserted against it, with respect to any Taxes which
might have a Material Adverse Effect. 

  

	10.22	No Indebtedness 

 Save for any Permitted
Indebtedness, the Borrower has: 
  

	 	(a)	no Financial Indebtedness; and 

  

	 	(b)	no other indebtedness, except for any which has been incurred in the ordinary course of its business. 

  

	10.23	No Security or Guarantees 

 Save for any Permitted
Security: 
  

	 	(a)	no Security exists over all or any of the Borrower’s assets; and 

  

	 	(b)	no arrangement or transaction as described in paragraph (b) of Clause 20.3 (Negative Pledge) of the Facility Agreement has been entered into by the Borrower and is
outstanding. 

  

	10.24	Information Memorandum 

  

	(a)	The information provided by the Guarantor or any German Subsidiary in relation to any member of the Group in the Information Memorandum was true, accurate and complete in all
material respects as at the date on which it was provided to the Facility Agent and, as supplemented by the Guarantor’s SEC filings, was not misleading or incomplete in any material respect. 

  

 20 

	(b)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Information Memorandum; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

 since the date of the Information Memorandum that results in the information contained therein about any member of the Group being untrue or misleading in any material respect. 
  

	(c)	All opinions, forecasts, projections and conclusions contained in the Information Memorandum in relation to any member of the Group were fair, based on reasonable assumptions and
were made in good faith. 

  

	(d)	Notwithstanding anything to the contrary contained in this Clause 10.24: 

  

	 	(i)	the Guarantor makes no representation or warranty in relation to: 

  

	 	(A)	any information provided by a third party and denoted as such; and 

  

	 	(B)	such information contained in the “Key Lending Considerations” section of the Information Memorandum; and 

  

	 	(ii)	in relation to the “Risks and Mitigants” section of the Information Memorandum, the Guarantor only makes representations and warranties in relation to factual information
set out therein. 

  

	10.25	Base Financial Statements 

  

	(a)	The Base Financial Statements: 

  

	 	(i)	were prepared in accordance with the Relevant GAAP consistently applied; and 

  

	 	(ii)	(in the case of quarterly unaudited financial statements) fairly represent its financial condition and operations as at the date to which they were prepared and during the relevant
financial period for which they were prepared, subject to normal year end adjustments, and take account of all material liabilities (contingent or otherwise), and all anticipated losses, as at the date to which they were prepared, unless expressly
disclosed to the Facility Agent in writing to the contrary before the date of this Guarantee Agreement. 

  

	(b)	There has been no Material Adverse Effect since the date on which its latest Base Financial Statements were prepared. 

  

	10.26	Business Plan 

  

	(a)	The Business Plan has been prepared using accounting policies, practices and procedures consistent, in all material respects, with German GAAP as at the date of the Business Plan.

  

	(b)	The information in the Business Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not misleading in
any material respect. 

  

 21 

	(c)	The Guarantor does not regard as unreasonable, or to any material extent, unattainable, any of the opinions, forecasts, projections or conclusions set out in the Business Plan as at
the date thereof. 

  

	(d)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Business Plan; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

 since the date of the Business Plan that results in the information contained therein being untrue or misleading in any material respect; provided however, the Guarantor makes no representation or warranty in
relation to any information provided by a third party and denoted as such. 
  

	(e)	All the opinions, forecasts, projections and conclusions contained in the Business Plan were fair, based on reasonable assumptions and were made in good faith.

  

	(f)	To the best of its knowledge and belief, the Guarantor has made full disclosure of all material facts of which it was aware at the time relating to the Project to all persons
responsible for the preparing of the Business Plan. 

  

	10.27	Management Plans 

  

	(a)	The information in the most recent Management Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not
misleading in any material respect. 

  

	(b)	The Guarantor regards (as at the date that the most recent Management Plan is delivered to the Facility Agent) as neither unreasonable, nor to any material extent unattainable, any
of the opinions, forecasts, projections or conclusions set out in that Management Plan. 

  

	(c)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the most recent Management Plan; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

 since the date that the most recent Management Plan was delivered to the Facility Agent that results in the information contained therein being untrue or misleading in any material respect; provided however, it
makes no representation or warranty in relation to any information provided by a third party and denoted as such. 
  

	(d)	As at the date that the most recent Management Plan was delivered to the Facility Agent, all the opinions, forecasts, projections and conclusions contained therein were fair, based
on reasonable assumptions and were made in good faith. 

  

	(e)	To the best of its knowledge and belief, the Guarantor has made full disclosure of all material facts of which it was aware at the time relating to the Project to all persons
responsible for the preparing of each Management Plan. 

  

 22 

	10.28	Change in Business 

  

	(a)	The Borrower has not made, or taken any steps to make, any substantial change to the Permitted Business. 

  

	(b)	The Guarantor has not made, or taken any steps to make, any substantial change to the Group Permitted Business. 

  

	10.29	Material Adverse Effect 

 Neither the Guarantor nor
any of its Subsidiaries has entered into any agreement or obligation: 
  

	 	(a)	which could have a Material Adverse Effect; or 

  

	 	(b)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by either Obligor. 

  

	10.30	Material Disclosures 

 The Guarantor has disclosed
in writing to the Facility Agent all material information in its possession relating to the Project, including all Project Documents and other material agreements. 
  

	10.31	Compliance with Laws and Regulations 

 The Guarantor
and each Relevant Subsidiary have at all times complied in all material respects with any law or regulation applicable to it where failure to do so could reasonably be expected to result in a Material Adverse Effect. 
  

	10.32	Security from the Borrower 

 The Guarantor has not
taken from the Borrower or any Other Surety any Security in respect of the Guarantor’s liability hereunder or in respect of any other obligation or liability which the Borrower has or may at any time have to the Guarantor as a result of
performance by the Guarantor of its obligations under this Guarantee Agreement. 
  

	10.33	Time for Making Representations and Warranties 

  

	(a)	The representations and warranties set out in this Clause 10 are made by the Guarantor on the Signing Date. 

  

	(b)	The Repeating Representations are deemed to be made by the Guarantor by reference to the facts and circumstances then existing (except as otherwise provided therein) on the date of
each Utilisation Request, on the first day of each Interest Period and, prior to the date of first Utilisation, on each Quarter Date. 

  

	11.	INFORMATION UNDERTAKINGS 

  

	11.1	Financial Statements 

 During the term of this
Guarantee Agreement, the Guarantor shall supply to the Facility Agent in sufficient numbers for all the Lenders and the Federal/State Guarantor: 
  

	 	(a)	as soon as the same become available, but in any event within ninety (90) days after the end of each of its fiscal years: 

  

	 	(i)	its audited consolidated financial statements for that financial year; 

  

 23 

	 	(ii)	the audited unconsolidated financial statements of the General Partner for that financial year (excluding the year ending 31 December 2003); and 

  

	 	(iii)	the audited unconsolidated financial statements of each Limited Partner that is a member of the Group for that financial year (excluding the year ending 31 December 2003),

 each comprising of its balance sheet, profit and loss account and cash flow statement, (and in the case of the Guarantor,
together with a description of the business, market and financial developments of the Guarantor as required to be delivered by the Guarantor in its periodic SEC filings); 
  

	 	(b)	as soon as the same become available, but in any event within sixty (60) days (or, if in respect of the last fiscal quarter of a financial year, within ninety (90) days)
after the end of each fiscal quarter in each of its financial years, its unaudited consolidated financial statements for that fiscal quarter, comprising of its balance sheet, profit and loss account and cash flow statement; and

  

	 	(c)	as soon as the same become available, but in any event within thirty (30) days after the end of each Month, and for the first time in relation to the Month ending immediately
prior to the date of Technical Completion and to be provided on such date, reports on the Group Consolidated Cash of the Guarantor (calculated in accordance with US GAAP) substantially in the form set out in Schedule 2 (Form of Monthly
Consolidated Cash Reports). 

  

	11.2	Compliance Certificate 

  

	(a)	The Guarantor shall supply to the Facility Agent, with each set of financial statements delivered pursuant to paragraphs (a) and (b) of Clause 11.1 (Financial
Statements), a Compliance Certificate setting out (in reasonable detail), in each case as at the date to which those financial statements were drawn up, computations as to compliance with Clause 12 (Financial Covenants) if compliance with
such financial covenants is required pursuant to the terms of this Guarantee Agreement. 

  

	(b)	The Guarantor shall ensure that each Compliance Certificate shall be signed by: 

  

	 	(i)	the chief financial officer, director of treasury or treasurer of the Guarantor, in the case of financial statements of the Guarantor; 

  

	 	(ii)	a senior duly authorised officer, in the case of financial statements of the General Partner; or 

  

	 	(iii)	a senior duly authorised officer, in the case of financial statements of such Limited Partner that is a member of the Group, 

 as the case may be, and, if required to be delivered with the audited financial statements delivered pursuant to paragraph (a) of Clause 11.1
(Financial Statements), confirmed by the Auditors. 
  

 24 

	11.3	Requirements as to Financial Statements 

  

	(a)	Each set of financial statements and statements delivered by the Guarantor pursuant to paragraph (a) of Clause 11.1 (Financial Statements) shall be audited and
accompanied by an audit report without material qualification by the Auditors. 

  

	(b)	Each set of financial statements delivered by the Guarantor pursuant to paragraphs (a) and (b) of Clause 11.1 (Financial Statements) shall be certified by:

  

	 	(i)	the chief financial officer, director of treasury or treasurer of the Guarantor, in the case of financial statements of the Guarantor; 

  

	 	(ii)	a senior duly authorised officer, in the case of financial statements of the General Partner; or 

  

	 	(iii)	a senior duly authorised officer, in the case of financial statements of such Limited Partner that is a member of the Group, 

 as the case may be, as fairly representing its financial condition as at the date as at which those financial statements were drawn up (in the case of
unaudited financial statements, subject to normal year end adjustments). 
  

	(c)	The Guarantor must notify the Facility Agent of any material change to the basis on which the audited or unaudited financial statements delivered by it pursuant to paragraph
(a) or (b) above are prepared from those applied in the preparation of the relevant Base Financial Statements (including, without limitation, any change in US GAAP but excluding any change resulting only from the exercise by the
Guarantor or the General Partner, as the case may be, of a right to choose an alternative treatment under US GAAP). 

  

	(d)	If the Guarantor notifies the Facility Agent of a change in accordance with paragraph (c) above, then the Guarantor and the Facility Agent shall enter into negotiations in good
faith for a period of not more than thirty (30) days with a view to agreeing: 

  

	 	(i)	whether or not the change might result in any material alteration in the commercial effect of any of the terms of this Guarantee Agreement; and 

  

	 	(ii)	if so, any amendments to this Guarantee Agreement (including appropriate changes to the financial covenants set out in Clause 12.2 (Adjusted Tangible Net Worth) and Clause
12.3 (EBITDA)) and applicable definitions which may be necessary to ensure that the change does not result in any material alteration in the commercial effect of those terms, and if any amendments are agreed they shall take effect and be
binding on each of the parties hereto in accordance with their terms. 

  

	11.4	Information: Miscellaneous 

 The Guarantor shall
supply (or shall cause the Borrower to supply, in which case the obligations of the Guarantor under this Clause 11.4 shall be deemed to have been satisfied) to the Facility Agent (in sufficient copies for all the Lenders, if the Facility Agent so
requests) and, in the case of paragraph (e) below, to the Federal/State Guarantors, each case in relation to the Guarantor: 
  

	 	(a)	promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against the Guarantor and
which might, if adversely determined, reasonably be expected to involve potential or alleged liability in excess of fifty million (50,000,000) Euro (or its equivalent in other currencies on the date of their determination);

  

 25 

	 	(b)	promptly upon becoming aware of them, the details of any insurance claims, claims made under the Project Documents or material changes to the Project which might reasonably be
expected to involve potential or alleged liability of the Borrower in excess of five million (5,000,000) Euro (or its equivalent in other currencies on the date of their being determined or made); 

  

	 	(c)	promptly upon becoming aware of them, any conflicts or breaches of any law or regulation applicable to it which would or might reasonably be expected to have a Material Adverse
Effect; 

  

	 	(d)	promptly upon becoming aware of them, the details of any collective labour dispute which is current, threatened or pending against the Guarantor which would or might reasonably be
expected to have a Material Adverse Effect; 

  

	 	(e)	promptly upon becoming aware of them, (i) the details of any change in the Credit Rating or in the rating of the Facility (if any) or in the published outlook of either and
(ii) any relevant information (if possible, together with any relevant documents in connection therewith) with a likely or expected outcome leading to a downgrade of the Guarantor’s Credit Rating; 

  

	 	(f)	promptly upon filing them, notice of any SEC filings; 

  

	 	(g)	promptly, details of any changes to the Borrower’s, the Guarantor’s and/or the General Partner’s accounting periods and all changes of the Borrower’s or any
Relevant Subsidiary’s articles of association or equivalent constitutional documents; 

  

	 	(h)	promptly, such further information regarding the financial condition, business and operations of the Borrower, the Guarantor and/or the General Partner as any Finance Party (through
the Facility Agent) may reasonably request; 

  

	 	(i)	promptly, the details of any amendments, variations, novations, supplements or terminations of any Transaction Document to which a Finance Party is not a party; and

  

	 	(j)	as soon as the same become available, but in any event within sixty (60) days (or, if in respect of the last fiscal quarter of a financial year, within ninety (90) days)
after the end of each fiscal quarter in each of its financial years, a report on the number of microprocessors sold by the Guarantor, 

 and shall ensure that senior management is available once a year for the purpose of a meeting with the Lenders and the Facility Agent in relation thereto. 
  

	11.5	Notification of Default 

  

	(a)	The Guarantor shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon a senior executive officer of the Guarantor becoming
aware of its occurrence. 

  

	(b)	Promptly upon a request by the Facility Agent, the Guarantor shall supply to the Facility Agent a certificate signed by two senior officers on its behalf certifying that to the best
of its knowledge and belief no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it). 

  

 26 

	12.	FINANCIAL COVENANTS 

 The covenants in this
Clause 12 will remain in force from the date of this Guarantee Agreement until all of the Guarantor’s Liabilities have been paid, discharged or performed in full and as long as any Commitment is in force. 
  

	12.1	Financial Definitions 

 In this Clause 12:

 “Adjusted Net Earnings from Operations” means, with respect to any fiscal period of the Guarantor, the Guarantor’s
net income after provision for income taxes for such fiscal period, as determined on a consolidated basis in accordance with US GAAP and reported on the financial statements of the Guarantor (as such financial statements are required to be
delivered to the Facility Agent hereunder), but excluding any unaudited year end financial statements, for such period, excluding any and all of the following included in such net income: 
  

	 	(a)	gain arising from the sale of any capital assets; 

  

	 	(b)	gain arising from any write-up in the book value of any asset; 

  

	 	(c)	gain arising from the acquisition of debt or equity securities of the Guarantor or any Subsidiary of the Guarantor or from cancellation or forgiveness of any debt of the Guarantor
or any Subsidiary of the Guarantor (excluding any debt which is limited in recourse to property of the Guarantor or a Subsidiary of the Guarantor to the extent the amount of such debt exceeds the book value of such property as would be shown on a
consolidated balance sheet of the Guarantor prepared in accordance with US GAAP); 

  

	 	(d)	earnings of any person to which assets of the Guarantor or any Subsidiary of the Guarantor have been sold, transferred or disposed of, or into which the Guarantor or any Subsidiary
of the Guarantor have been merged, or which has been a party with the Guarantor or a Subsidiary of the Guarantor to any consolidation or any other form or reorganisation, prior to the date of such transaction; 

  

	 	(e)	gain arising from extraordinary items, as determined in accordance with US GAAP, or from any other non-recurring transaction; 

  

	 	(f)	interest income; 

  

	 	(g)	non-cash restructuring charges; 

  

	 	(h)	compensation expense related to awards of equity instruments to employees of any member of the Group, as reflected on the Guarantor’s statement of operations for such fiscal
period as is required pursuant to the Financial Accounting Standard Board’s Statement of financial Accounting Standard No. 123R (Revised 2004), Share Based Payment; and 

  

	 	(i)	any amounts reflected in the Guarantor’s financial statements under “Equity in net income (loss) of Spansion Inc.” or equivalent line item. 

 

 27 

 “Adjusted Tangible Assets” means all of the Guarantor’s assets, determined on a
consolidated basis in accordance with US GAAP, except: 
  

	 	(a)	deferred assets, other than prepaid insurance and prepaid taxes; 

  

	 	(b)	patents, copyrights, trademarks, trade names, franchises, goodwill and other similar intangibles; 

  

	 	(c)	unamortised debt discount and expense; 

  

	 	(d)	assets of the Guarantor or any Subsidiary of the Guarantor constituting Intercompany Accounts; and 

  

	 	(e)	fixed assets to the extent of any write-up in the book value thereof resulting from a revaluation effective after the Signing Date. 

 “Adjusted Tangible Net Worth” means, at any relevant time, (a) the book value (after deducting related depreciation, obsolescence,
amortisation, valuation and other proper reserves as determined in accordance with US GAAP) at which the Adjusted Tangible Assets would be shown on a balance sheet of the Guarantor at such time prepared on a consolidated basis in accordance with
US GAAP less (b) the amount at which the Guarantor’s liabilities would be shown on such consolidated balance sheet, including as liabilities all reserves for contingencies and other potential liabilities which would be required to be
shown on such balance sheet; provided that any and all contributions under the Participations shall not be treated as indebtedness at any time. 
 “EBITDA” means, on a consolidated basis for any period, Adjusted Net Earnings from Operations for such period plus, to the extent deducted in computing such Adjusted Net Earnings from Operations, the sum of: 
  

	 	(a)	income tax expense; 

  

	 	(b)	interest expense; and 

  

	 	(c)	depreciation and amortisation expense. 

 “Intercompany Accounts” means all assets and liabilities, howsoever arising, which are due to the Borrower from, which are due from the Borrower to, or which otherwise arise from any transaction by the Borrower with, the
Guarantor or any Subsidiary of the Guarantor. 
  

 28 

	12.2	Adjusted Tangible Net Worth 

 From and after the
first date, if any, on which Group Consolidated Cash is less than: 
  

							
	 Amount
	  	 if Moody’s
 Rating is at least
	  	 	  	 if Standard & Poor’s
 Rating is at least

	 USD500,000,000
	  	B1 or lower	  	and	  	B+ or lower
	 USD425,000,000
	  	Ba3	  	and	  	BB-
	 USD400,000,000
	  	Ba2	  	and	  	BB
	 USD350,000,000
	  	Ba1	  	and	  	BB+
	 USD300,000,000
	  	Baa3 or better	  	and	  	BBB- or better

 the Guarantor will maintain Adjusted Tangible Net Worth, determined as of the last day of each
preceding fiscal quarter, of not less than the amounts set out below: 
  

			
	 Measurement Date on
 fiscal quarter ending
	  	Amount
	 December 2005
	  	USD1,500,000,000
	 March 2006 and on the last day of each fiscal quarter thereafter
	  	USD1,750,000,000

  

 29 

	12.3	EBITDA 

 From and after the first date, if any, on
which Group Consolidated Cash is less than: 
  

							
	 Amount
	  	 if Moody’s
 Rating is at least
	  	 	  	 if Standard & Poor’s
 Rating is at least

	 USD500,000,000
	  	B1 or lower	  	and	  	B+ or lower
	 USD425,000,000
	  	Ba3	  	and	  	BB-
	 USD400,000,000
	  	Ba2	  	and	  	BB
	 USD350,000,000
	  	Ba1	  	and	  	BB+
	 USD300,000,000
	  	Baa3 or better	  	and	  	BBB- or better

 the Guarantor will maintain EBITDA as of the last day of each preceding fiscal period set forth
below an amount not less than the amount set forth below opposite the date of such preceding fiscal period: 
  

			
	 Period
	  	 Amount

	for the four consecutive fiscal quarters ending December 2005 and for the four fiscal quarters ending on each fiscal quarter thereafter	  	USD 850,000,000, and USD750,000,000 on an annualized basis for the two most recent fiscal quarters ending prior to December 31, 2006

  

	12.4	Financial Testing 

 The financial covenants set out
in this Clause 12 shall be tested by reference to each of the financial statements and each Compliance Certificate delivered pursuant to Clause 11.1 (Financial Statements) and Clause 11.2 (Compliance Certificate).

  

	13.	GENERAL UNDERTAKINGS 

 The undertakings in this
Clause 13 remain in force from the date of this Guarantee Agreement until all of the Guarantor’s Liabilities have been paid, discharged or performed in full and as long as any Commitment is in force. 
  

	13.1	Authorisations 

  

	(a)	The Guarantor shall promptly: 

  

	 	(i)	obtain, comply with and do all that is necessary to maintain in full force and effect; and 

  

 30 

	 	(ii)	supply certified copies to the Facility Agent of, 

 any
Authorisation required under any law or regulation of its jurisdiction of incorporation to enable it to perform its obligations under the Transaction Documents to which it is a party and to ensure the legality, validity, enforceability or
admissibility in evidence in its jurisdiction of incorporation of any Transaction Document to which it is a party. 
  

	(b)	The Guarantor shall: 

  

	 	(i)	ensure that it has the right and is duly qualified to conduct its business as it is conducted from time to time in all applicable jurisdictions in which the failure to be so
qualified could reasonably be expected to result in a Material Adverse Effect on the Guarantor; 

  

	 	(ii)	obtain, comply with and do all that is necessary to maintain in full force and effect any Authorisation which is necessary for the conduct of its business or the business of the
Group as a whole where failure to do so could reasonably be expected to result in a Material Adverse Effect on the Guarantor; and 

  

	 	(iii)	upon the Facility Agent’s written request supply the Facility Agent with copies of any such Authorisations. 

  

	13.2	Compliance with Laws 

 The Guarantor shall comply in
all material respects with any law or regulation applicable to it where failure to comply could reasonably be expected to result in a Material Adverse Effect on the Guarantor. 
  

	13.3	Change of Business 

 The Guarantor shall not make,
or take any steps to make, any substantial change to the general nature of its business from that of engaging in the Group Permitted Business. 
  

	13.4	Record Keeping 

 The Guarantor shall: 
  

	 	(a)	keep proper records and books of account in respect of its business in accordance with US GAAP; and 

  

	 	(b)	permit reasonable access to the Facility Agent and/or any professional advisers (who are each bound by professional or other confidentiality obligations) appointed by the Facility
Agent to examine its records and books of account. 

  

	13.5	Constitutional Documents 

  

	(a)	The Guarantor shall not request, permit or make any change to the constitutional documents of the Borrower or request, permit or make any change to any Participation Agreement in
relation to the partnership interests in the Borrower, without the prior written consent of the Facility Agent, where such change relates to: 

  

	 	(i)	the substitution, the role, the compensation or other rights to receive payments of the General Partner, the Second General Partner or a silent partner; 

  

 31 

	 	(ii)	the voting rights of partners; 

  

	 	(iii)	majority requirements; 

  

	 	(iv)	the legal form of the Borrower; or 

  

	 	(v)	restrictions on pledges or transfers of partnership interests or Participations. 

  

	(b)	In respect of any other change or proposed change to the constitutional documents of the Borrower and any agreements entered into by the General Partner and/or any Limited Partner
that is a member of the Group in relation to the Borrower, the Guarantor will provide the Facility Agent with information in relation thereto and also provide the Facility Agent with copies of any such changes to the constitutional documents of the
Borrower and/or such agreements. 

  

	13.6	Insurance 

  

	(a)	The Guarantor shall: 

  

	 	(i)	maintain or ensure that the Borrower maintains insurance in relation to the Site, on the Borrower’s business and the Borrower’s assets and all such insurance as may be
required by contract with reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by the Borrower in Germany; and 

 

	 	(ii)	maintain insurance in relation to its business and its assets and all such insurance as may be required by contract with reputable underwriters or insurance companies against such
risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by the Guarantor in the United States. 

  

	(b)	Without limiting paragraph (a)(i) above, the Guarantor shall effect and maintain insurance or ensure that insurance is effected and maintained by the Borrower in relation to the
Project, on the Borrower’s business and the Borrower’s assets as deemed sufficient by the Insurance Adviser and as described in the Insurance Report. 

  

	(c)	The Guarantor shall: 

  

	 	(i)	ensure that all premiums are paid and that all other things are done as are necessary (to the extent as is usual for prudent companies carrying on a business such as that carried on
by the Borrower in Germany) to maintain the insurances that the Borrower has taken out in relation to the Borrower’s business, its assets and the Site and will procure that all insurance policies or certificates of insurance that the Borrower
maintains in relation to the Site and its assets shall contain loss payee provisions acceptable to the Facility Agent and the Security Agent noting the Security Agent’s interest thereon and naming the Security Agent as loss payee; and

  

	 	(ii)	pay all premiums and do all other things as are necessary (to the extent as is usual for prudent companies carrying on a business such as that carried on by the Guarantor in the
United States) to maintain the insurances that it has taken out in relation to its business, its assets and, on behalf of the Borrower, the Site and the Borrower’s assets and will procure that all insurance policies or certificates of insurance
that it maintains in relation to the Site and the Borrower’s assets shall contain loss payee provisions acceptable to the Facility Agent and the Security Agent noting the Security Agent’s interest thereon and naming the Security Agent as
loss payee. 

  

 32 

	(d)	The Guarantor shall supply the Facility Agent on request with copies of each receipt or other evidence satisfactory to the Facility Agent for all premiums and other amounts payable
by the Guarantor under the insurances effected and maintained by it pursuant to paragraph (a) and (b) above and shall, in any event, use all reasonable endeavours to procure that the insurer in respect of such insurances relating to the
Project undertakes to the Facility Agent to notify it should any renewal fee or other sum payable by the Guarantor not be paid when due. 

  

	(e)	Upon request, the Guarantor shall supply the Facility Agent with a copy of all insurance policies or certificates of insurance in its possession relating to the Project evidencing
compliance with paragraph (a) and (b) above or (in the absence of the same) such other evidence of the existence of any Project related insurance referred to in paragraph (a) above as may be reasonably acceptable to the Facility Agent
and shall, in any event, notify the Facility Agent of any material changes to any such Project related insurance made from time to time. 

  

	13.7	Intellectual Property 

 The Guarantor shall:

  

	 	(a)	make such registrations and pay such fees and other amounts as are necessary to keep those registered Intellectual Property Rights owned by or registered in the name of the
Guarantor which are material to the Guarantor’s or the Borrower’s business in force, and to record its interest and/or that of the Borrower in those Intellectual Property Rights; 

  

	 	(b)	observe and comply with all material obligations and laws to which it in its capacity as registered proprietor, beneficial owner, user, licensor or licensee of the Intellectual
Property Rights (or any part thereof) is subject where failure to do so might reasonably be expected to have a Material Adverse Effect; 

  

	 	(c)	do all acts as are reasonably practicable (including, without limitation, the institution of legal proceedings) to maintain, protect and safeguard the Intellectual Property
necessary for its business and that of the Borrower as a whole; and 

  

	 	(d)	enter into and maintain such licence agreements, and obtain such authorisations, as are necessary for it or the Borrower to use all such Intellectual Property Rights which are
material to its business or that of the Borrower where failure to do so, after having taken all reasonable action to enter into and maintain such licence agreements and obtain such authorisations, would or might reasonably be expected to have a
Material Adverse Effect. 

  

	13.8	Environmental Compliance 

 The Guarantor shall
obtain and maintain all requisite Environmental Licences required in relation to its business and comply in all material respects with: 
  

	 	(a)	all applicable Environmental Laws relating to the Group Permitted Business; 

  

	 	(b)	the terms and conditions of all Environmental Licences required in relation to the Group Permitted Business and applicable to it; and 

  

 33 

	 	(c)	all other covenants, conditions, restrictions and agreements entered into by or binding on the Guarantor directly or indirectly concerned with any Environmental Contamination
required in relation to the Group Permitted Business, 

 in each case where failure to do so would or might reasonably be
expected to have a Material Adverse Effect. 
  

	13.9	Environmental Claims 

 The Guarantor shall inform
the Facility Agent in writing as soon as reasonably practicable upon its becoming aware of: 
  

	 	(a)	any Environmental Claim which has been commenced or threatened against any Material Subsidiary or Relevant Subsidiary; or 

  

	 	(b)	any facts or circumstances which will or are reasonably likely to result in any Environmental Claim being commenced or threatened against any Material Subsidiary or Relevant
Subsidiary, 

 where the claim might, if determined against that Material Subsidiary or Relevant Subsidiary, reasonably be
expected to have a Material Adverse Effect. 
  

	13.10	Taxation 

  

	(a)	The Guarantor shall duly and punctually pay and discharge all Taxes imposed upon it or its assets and due in Germany and, in respect of material Taxes imposed by non-German Tax
authorities, in each case, within the time period allowed without incurring penalties, save to the extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	(b)	The Guarantor shall not be materially overdue in the filing of any Tax returns in Germany or the United States. 

  

	(c)	The Guarantor shall ensure that it continues to be a company resident for Tax purposes in the United States. 

  

	13.11	Security 

  

	(a)	Save as otherwise permitted by the terms of the Finance Documents, the Guarantor shall ensure that any Security expressed to be created by it by or pursuant to, or, as the case may
be, expressed to have been created by it and to be evidenced in, any Security Document to which it is a party remains in full force and effect with the ranking and priority it is expressed to have. 

  

	(b)	Save as otherwise permitted by the terms of the Finance Documents, the Guarantor shall not do or omit to do anything or knowingly permit or cause anything to be done or omitted to
be done which would or could adversely affect any Security expressed to be created by any Obligor by or pursuant to, or any Security expressed to have been created by any Obligor and to be evidenced in, any Security Document to which it is a party.

  

 34 

	(c)	The Guarantor shall take all such action as the Facility Agent or the Security Agent may reasonably request for the purpose of perfecting any such Security.

  

	(d)	The Guarantor shall, if the Security Agent lawfully and in accordance with the terms of the Finance Documents exercises any power (whether of sale or other disposal or otherwise) or
right with respect to the Charged Assets, permit the exercise of such power or right. 

  

	(e)	The Guarantor has granted or will grant and has caused or will cause to be granted the Security as set out in the Federal/State Guarantor Decision to the Security Agent or the
Finance Parties, as the case may be. 

  

 35 

	13.12	Pari Passu Ranking 

 The Guarantor shall ensure that
its payment obligations under the Finance Documents will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors except for obligations mandatorily preferred by law applying to creditors or certain types of
creditors generally. 
  

	13.13	Transaction Documents 

 The Guarantor shall comply
in all material respects with and perform all of its obligations under the Transaction Documents to which it is a party. 
  

	13.14	Amendments to Transaction Documents 

 The Guarantor
shall not amend, vary, novate, supplement or terminate any Transaction Document to which it is a party and to which a Finance Party is not a party delivered to the Facility Agent pursuant to Clause 4 (Conditions of Utilisation) of the
Facility Agreement, or waive any right thereunder, except for: 
  

	 	(a)	any of the foregoing which is expressly consented to in writing by the Facility Agent acting on the instructions of the Majority Lenders or, pursuant to Clause 33.2
(Exceptions) of the Facility Agreement, all Lender consent; or 

  

	 	(b)	any amendment, variation or waiver which is of a minor or technical nature or would not adversely affect the rights of the Finance Parties under the Finance Documents.

  

	13.15	Project Documents 

 Except as otherwise specifically
provided in the Project Documents or required by or permitted under any Finance Document, the Guarantor shall not, and the Guarantor shall ensure that each of its Relevant Subsidiaries shall not, assign any of its rights or transfer any of its
rights or obligations under the Project Documents. 
  

	13.16	Auditors 

 The Guarantor shall at all times have its
accounts and those of the Relevant Subsidiaries audited by the Auditors. 
  

	13.17	Partnership and Shareholder Interests 

  

	(a)	The Guarantor shall ensure that each of AMD Fab 36 Holding GmbH and the General Partner at all times shall remain a wholly-owned Subsidiary of the Guarantor and shall cause AMD Fab
36 Admin GmbH at all times to be a wholly-owned Subsidiary of AMD Fab 36 Holding GmbH. 

  

	(b)	The Guarantor shall cause each of AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH to retain its partner or equity interests (Gesellschaftsanteile) in the partnership of the
Borrower or in the Participations at all times at the level of the aggregate minimum holding of at least fifty-one (51) per cent. of the capital in the Borrower and to hold no partner or equity interests (Gesellschaftsanteile) in
any other person (except that AMD Fab 36 Admin GmbH is a wholly-owned subsidiary of AMD Fab 36 Holding GmbH). 

  

 36 

	(c)	The Guarantor shall not hold at any time any partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations or other interests
or participations in the Borrower directly, and shall hold any such partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations indirectly only through: 

  

	 	(i)	the interest of the General Partner as general partner (or, subsequent to a substitution, through AMD Fab 36 Admin GmbH as general partner); and 

  

	 	(ii)	the interests of AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH as the Limited Partners, and 

 all such interests and participations will be pledged to the Lenders under the Partnership Interest Pledges. 
  

	13.18	The Federal/State Guarantee 

 The Guarantor will
comply and will procure that each Relevant Subsidiary will comply with all the terms of the Federal/State Guarantee Decision which directly apply to it. 
  

	13.19	Cash Shortfalls 

 The Guarantor shall at all times
make payments to the Borrower, or otherwise provide funds to the Borrower, in each case without delay in the amount of any Cash Shortfalls, by way of equity contributions, Subordinated Loans or, as the case may be, prepayment for products and/or
services (not in excess, however, of the Guarantor’s obligations under this Guarantee Agreement, the Subordinated Loan Agreements, the Revolving Credit Agreement and the Partnership Agreement, and not giving rise to any right of any person
(with the exception of the Borrower (to the extent that it is still a member of the Group)) to enforce the relevant funding arrangements). 
  

	13.20	Material Adverse Effect 

 The Guarantor shall not
enter into any agreement or obligation: 
  

	 	(a)	which could have a Material Adverse Effect; or 

  

	 	(b)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by any Obligor. 

  

	13.21	Security from the Borrower 

 The Guarantor will not
take from the Borrower or any Other Surety any Security in respect of the Guarantor’s liability hereunder or in respect of any other obligation or liability which the Borrower has or may at any time have to the Guarantor as a result of
performance by the Guarantor of its obligations under this Guarantee Agreement. If any such Security is taken from the Borrower or any Other Surety, and any monies or other property or assets is received or recovered by the Guarantor in pursuance
of, or in breach of, any of the provisions of Clause 9 (Claims by Guarantor), it shall be held on trust (treuhänderisch halten) for the Security Agent to secure the Guarantor’s liability hereunder, and upon request by
the Security Agent the Guarantor will forthwith deposit such Security with the Security Agent or as it may direct or pay or transfer such monies or other property or assets to the Security Agent for application in or towards the discharge of the
Guarantor’s Liabilities. 
  

 37 

	13.22	Borrower’s Undertakings 

 The Guarantor will
ensure that the Borrower complies with all its obligations under Clause 16 (Costs and Expenses), Clause 20 (General Undertakings) (in particular, those under Clause 20.35 (Subsidies)) and Clause 35 (The Federal State
Guarantee) of the Facility Agreement. 
  

	14.	SET-OFF 

 The Security Agent may (in addition to any
other right to which it may be entitled), if an Event of Default has occurred and is continuing or the Loans have been accelerated, without notice to the Guarantor or any other person, set-off and apply any credit balance (or any part thereof in
such amounts as it may elect) on any account (whether such account is subject to notice or not and whether matured or not and in whatever currency) of the Guarantor with it and any other monies owing by it to the Guarantor against any liabilities
(whether present or future, actual or contingent) of the Guarantor to it, and it may purchase with the monies standing to the credit of any such account such other currencies as may be necessary for this purpose. 
  

	15.	MISCELLANEOUS 

 Neither Agent is obliged to furnish
to the Guarantor any information in respect of the Facility Agreement and/or the Guarantor’s Liabilities. 
  

	16.	NOTICES 

  

	16.1	Communications in Writing 

 Any communication to be
made under or in connection with this Guarantee Agreement shall be made in writing and, unless otherwise stated, may be made by fax, letter or telex. 
  

	16.2	Addresses 

 The address, fax number and telex number
(and the department or officer, if any, for whose attention the communication is to be made) of the Guarantor, the Security Agent and the Facility Agent for any communication or document to be made or delivered under or in connection with this
Guarantee Agreement is: 
  

	 	(a)	in the case of the Guarantor: 

  

					
	Address:	  	One AMD Place M-S 68	  	
		  	Sunnyvale, California 94088	  	
	Fax number:	  	+1 408 774 7399	  	
	Attention:	  	General Counsel;	  	

  

 38 

	 	(b)	in the case of the Security Agent: 

  

					
	Address:	  	Koppenstrasse 93	  	
		  	10877 Berlin	  	
	Fax Number:	  	+49 30 3153 2317	  	
	Attention:	  	Hans-Jürgen Dittmann;	  	

  

	 	(c)	in the case of the Facility Agent: 

  

					
	Address:	  	Dresdner Bank AG, Niederlassung Luxemburg
		  	6a, route de Trèves	  	
		  	L-2633 Senningerberg	  	
			
	Fax Number:	  	+352 346868 3222	  	
	Attention:	  	Agency	  	
		  	Albertine Prellwitz, Katja Paul	  	
			
	Copies:	  		  	
			
	Fax Number:	  	+352 346868 565	  	
	Attention:	  	Loan Administration	  	
		  	Andrea Stockemer, Eva Gottschalk-Schmitt,	  	

 or any substitute address, fax number, telex number or department or officer as the Guarantor may
notify to an Agent (or an Agent may notify to the Guarantor, if a change is made by such Agent) by not less than five (5) Business Days’ notice. 
  

	16.3	Delivery 

  

	(a)	Any communication or document made or delivered by one person to another under or in connection with this Guarantee Agreement will only be effective: 

  

	 	(i)	if by way of fax, when received in legible form; or 

  

	 	(ii)	if by way of letter, when it has been left at the relevant address or five (5) Business Days after being sent by international courier addressed to it at that address; or

  

	 	(iii)	if by way of telex, when despatched, but only if, at the time of transmission, the correct answerback appears at the start and at the end of the sender’s copy of the notice,

 and, if a particular department or officer is specified as part of its address details provided under Clause 16.2
(Addresses), if addressed to that department or officer. 
  

	(b)	Any communication or document to be made or delivered to an Agent will be effective only when actually received by it and then only if it is expressly marked for the attention of
the department or officer identified as part of its address details provided under Clause 16.2 (Addresses) (or any substitute department or officer as it may specify for this purpose). 

  

	16.4	Language 

  

	(a)	Any notice and any other document given under or in connection with this Guarantee Agreement must be in English, unless otherwise required by applicable laws or regulations or the
Federal/State Guarantor. 

  

 39 

	(b)	Whichever language is chosen or required for a particular notice or any particular document given under or in connection with this Guarantee Agreement shall prevail over that of any
accompanying translation. 

  

	17.	FURTHER ASSURANCE 

 The Guarantor confirms that it
has taken, and will continue to take, all necessary steps to ensure that any amount claimed by an Agent from it hereunder can be transferred to it immediately, free of any deduction, cost or charges whatsoever. 
  

	18.	PARTIAL INVALIDITY 

 If, at any time, any provision
of this Guarantee Agreement is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability
of such provision under the law of any other jurisdiction will in any way be affected or impaired. 
  

	19.	AMENDMENTS 

 No amendment or modification of or to
any provision of this Guarantee Agreement, including, without limitation, this Clause 19, shall be effective unless the same shall be in writing and signed by or on behalf of each party hereto. 
  

	20.	COUNTERPARTS 

 This Guarantee Agreement may be
executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this Guarantee Agreement. 
  

	21.	ASSIGNMENT 

  

	21.1	Successor and Assigns 

 This Guarantee Agreement
shall be binding upon and inure to the benefit of the parties to this Guarantee Agreement and their respective successors and permitted assigns. 
  

	21.2	The Guarantor 

 The Guarantor shall not assign or
otherwise transfer the benefit of this Guarantee Agreement or any of its rights, duties or obligations under this Guarantee Agreement without the prior written consent of the Security Agent. 
  

	21.3	The Agents 

 Each Agent may assign or transfer all
or any part of the benefits of this Guarantee Agreement and any of its rights, duties and obligations under this Guarantee Agreement without the consent of the Guarantor and for such purposes each Agent may disclose, in accordance with the terms of
the Facility Agreement, to a potential assignee or transferee such information about the Guarantor, this Guarantee Agreement and the transactions contemplated by this Guarantee Agreement as it considers appropriate. 
  

 40 

	21.4	Change in Status 

 This Guarantee Agreement shall
remain binding on the Guarantor notwithstanding any change in the constitution of an Agent, the Guarantor or the Borrower or its absorption in, amalgamation with or merger into, or the acquisition of all or part of its undertaking by any other
person, to the intent that the security created by this Guarantee Agreement shall remain valid and effective in all respects in favour of any assignee or successor in title of an Agent in the same manner as if such assignee or successor in title had
been named as a party to this Guarantee Agreement instead of, or in addition to, such Agent and (as the case may be) on or in respect of the obligations and liabilities of any successor entity to the Guarantor or the Borrower in the same manner as
if such successor entity had been named in this Guarantee Agreement instead of, or in addition to, the Guarantor or the Borrower respectively. 
  

	22.	CONFIDENTIALITY 

  

	(a)	Except as otherwise set out in Clause 21.3 (The Agents), this Guarantee Agreement and the contents and existence of the same are strictly confidential and, without the prior
written consent of the other parties hereto, shall not be disclosed to, or relied upon by, any person except as required by law or to comply with the applicable rules or requests of any regulatory body or to its employees or legal or financial
advisers who have a need to know this information and who are made aware of and agree to be bound by the obligations under this paragraph. 

  

	(b)	Notwithstanding the foregoing or anything to the contrary in this Guarantee Agreement or any other written or oral understanding or agreement to which the parties hereto are parties
or by which they are bound, each party to this Guarantee Agreement shall be permitted to disclose the tax treatment and tax structure of the transactions set forth herein and in the other Finance Documents. This permission to disclose includes the
ability of each party to consult, without limitation of any kind, any tax advisor regarding the tax treatment or tax structure of the transactions set forth herein and in the other Finance Documents. The parties acknowledge that this written
authorisation does not constitute a waiver by any party of any privilege held by such party pursuant to the attorney-client privilege or the confidentiality privilege of Section 7525 (a) of the US Internal Revenue Code of 1986, as amended,
or pursuant to any similar laws and regulations in any relevant other jurisdiction. 

  

	23.	GOVERNING LAW 

 This Guarantee Agreement is governed
by German law. 
  

	24.	ENFORCEMENT 

  

	24.1	Jurisdiction of German courts 

 The District Court
of Frankfurt am Main has exclusive jurisdiction to settle any dispute arising out of or in connection with this Guarantee Agreement (including a dispute regarding the existence, validity or termination of this Guarantee Agreement). 
  

	24.2	Process Agent 

 The Guarantor irrevocably appoints
the Borrower of Wilschdorfer Landstrasse 101, 01109 Dresden, Germany as its agent to receive and acknowledge on its behalf service of any writ, summons, order, judgment or other notice of legal process in Germany. If for any reason the agent named
above (or its successor) no longer serves as agent of the Guarantor for this purpose, the Guarantor shall promptly appoint a successor agent approved by the Agents and notify both Agents thereof. Until an Agent receives such notification, it shall
be entitled to treat the agent named above (or its said successor) as the agent of the Guarantor for the purposes of this Clause. The Guarantor agrees that any such legal process shall be sufficiently served on it if delivered to such agent for
service at its address for the time being in Germany whether or not such agent gives notice thereof to the Guarantor. 
 This Guarantee
Agreement has been entered into on the date stated at the beginning of this Guarantee Agreement. 
  

 41 

 SCHEDULE 1 
 Form of Compliance Certificate 
  

	To:	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent 

  

	From:	Advanced Micro Devices, Inc. 

 Dated: 
 Dear Sirs 
 Guarantee agreement dated 21 April 2004 (the
“Guarantee Agreement”) 
  

	1.	We refer to the Guarantee Agreement. This is a Compliance Certificate.* 

  

	2.	Save where the context requires otherwise, terms defined in the Guarantee Agreement have the same meanings when used in this certificate. 

  

	3.	In particular, we refer to Clause 11.1 (Financial Statements) and Clause 12 (Financial Covenants) of the Guarantee Agreement. We also refer to the quarterly financial
statements for the fiscal quarter ended [insert date] delivered to you on [insert date] in accordance with paragraph (b) of Clause 11.1 (Financial Covenants). 

  

	4.	We confirm that on the basis of the financial information contained in the above quarterly financial statements, as at [[the end of the fiscal quarter]/[the end of the
fiscal year]] set out below, the following financial ratios or amounts calculated in accordance with and as required by Clause 12 (Financial Covenants) were as follows: 

  

				
	 Covenant
	  	Amount in USD	 
	 Adjusted Tangible Net Worth as at [state fiscal quarter]
	  	[            	]
	 (Clause 12.2 (Adjusted Tangible Net Worth)).
	  		
		
	 Covenant
	  	Amount in USD	 
	 EBITDA as at [state fiscal quarter]
	  	[            	]
	 (Clause 12.3 (EBITDA)).
	  		

 Accordingly, we confirm that the financial covenants set out in Clause 12 (Financial
Covenants) [have/have not] been complied with during the period in question. 
  

	*	To be issued only if compliance is required pursuant to paragraph (a) of Clause 11.2 (Compliance Certificate). 

  

 42 

 Signed:
                                        
         
 [[Chief Financial Officer]/[Director of Treasury]/[Treasurer]]

 of 
 Advanced Micro Devices, Inc. 
  

	
	 [insert applicable certification language]

	
	  

	 for and on behalf of
 Ernst & Young

  

 43 

 SCHEDULE 2 
 Form of Monthly Consolidated Cash Reports 
  

	To:	Dresdner Bank AG, Niederlassung Luxemburg as Facility Agent 

  

	From:	Advanced Micro Devices, Inc. 

 Dated:

 Dear Sirs 
 Guarantee
agreement dated 21 April 2004 (the “Guarantee Agreement”) 
  

	1.	We refer to the Guarantee Agreement. This is a Compliance Certificate. 

  

	2.	Save where the context requires otherwise, terms defined in the Guarantee Agreement have the same meanings when used in this certificate. 

  

	3.	In particular, we refer to paragraph (c) of Clause 11.1 (Financial Covenants) of the Guarantee Agreement and to the reports for the Month ended [insert date]
delivered to you on [insert date] pursuant thereto. 

  

	4.	We confirm the accuracy of the figures and financial information reported below: 

  

				
	 Group Consolidated Cash
	  	Amount in USD	 
		  	[            	]

  

	Signed:	                                      
                   

 [name
of duly authorised officer] 
 of 
 Advanced Micro Devices, Inc. 
 Attachment: 
 Monthly report containing unaudited Group cash balances.* 
  

	*	NB. As previously provided by the Guarantor. 

  

 44 

 SIGNATORIES 
 The Guarantor 
 ADVANCED MICRO DEVICES, INC. 
  

			
	by:	 	  

	Name, title:	 	

 The Borrower 
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 
  

			
	by:	 	  

	Name, title:	 	

 The Security Agent 
 DRESDNER BANK AG in BERLIN 
  

			
	by:	 	  

	Name, title:	 	

 The Facility Agent 
 DRESDNER BANK AG, NIEDERLASSUNG LUXEMBURG 
  

			
	by:	 	  

	Name, title:	 	

  

 45 

 Schedule 4 
 Security Transfer of Fixed Assets (Sicherungsübereignung Anlagevermögen) 

 SIGNATURES 
 TO AMENDMENT AGREEMENT 
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 
  

			
	by:	 	 s/ Hans Deppe

 AMD FAB 36 HOLDING GMBH 
  

			
	by:	 	 s/ Thomas M. McCoy

 ADVANCED MICRO DEVICES, INC. 
  

			
	by:	 	 s/ Hollis O’Brien

 THE MANDATED LEAD ARRANGERS 
 ABN AMRO BANK N.V. 
  

					
	by:	 	 s/ Noden
	    	 s/ Siater

 COMMERZBANK AKTIENGESELLSCHAFT 
  

					
	by:	 	 s/ Messerschmidt
	    	 s/ Martusewicz

 DEUTSCHE BANK LUXEMBOURG S.A. 
  

					
	by:	 	 s/ Philippi
	    	 s/ Walther

  

 I 

 DRESDNER KLEINWORT, 
 THE
INVESTMENT BANKING DIVISION OF DRESDNER BANK AG 
  

					
	 By:
	 	 s/ Bürgelin
	    	 s/ Haak

 KFW 
  

					
	by:	 	 s/ Eitel
	    	 s/Schiller-Dirbach

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 
  

					
	by:	 	 s/ Schemann
	    	 s/ Rohmann

 LANDESBANK SACHSEN GIROZENTRALE 
  

					
	by.	 	 s/ Petzold
	    	 s/ Spangler

 THE FACILITY AGENT 
 DRESDNER BANK AG, NIEDERLASSUNG LUXEMBURG 
  

					
	by:	 	 s/ Prellwitz
	    	 s/ Skoeld

 THE SECURITY AGENT AND REPORTING AGENT 
 DRESDNER BANK AG IN BERLIN 
  

					
	by:	 	 s/ Wallmann
	    	 s/ Ziemer

 THE LENDERS 
 ABN AMRO BANK N.V., NIEDERLASSUNG DEUTSCHLAND 
  

					
	by:	 	 s/ van Riel
	    	 s/ Grunwald

 ALLIED IRISH BANK PLC 
  

			
	by:	 	 s/ McCathy

 BAYERISCHE LANDESBANK 
  

					
	by:	 	 s/ Jetschin
	    	 s/ Stüper

 BHF-BANK AKTIENGESELLSCHAFT 
  

					
	by:	 	 s/ Brähler
	    	 s/ Dahlheimer

 COMMERZBANK AKTIENGESELLSCHAFT 
  

					
	by:	 	 s/ Messerschmidt
	    	 s/ Martusewicz

 DEUTSCHE BANK AG, LONDON 
  

					
	by:	 	 s/ Greenborg
	    	 s/ Vidra

 DEUTSCHE BANK LUXEMBOURG S.A. 
  

					
	by:	 	 s/ Belhoste
	    	 s/ Heinemann

 DRESDNER BANK AG in BERLIN 
  

					
	by:	 	 s/ Wallmann
	    	 s/ Ziemer

 DZ BANK AG 
  

					
	by:	 	 s/ Hoepp
	    	 s/ Weiss

 HVB BANQUE LUXEMBOURG SOCIETE ANONYME 
  

					
	by:	 	 s/ Möller
	    	 s/ Heincke

 IKB INTERNATIONAL S.A. 
  

					
	by:	 	 s/ Winnen
	    	 s/ Szczycinski

 KBC BANK DEUTSCHLAND AG 
  

					
	by:	 	 s/ Kleffmann
	    	 s/ Mahnken

 KFW 
  

					
	by:	 	 s/ Eitel
	    	 s/Schiller-Dirbach

 LANDESBANK BADEN-WÜRTTEMBERG 
  

					
	by:	 	 s/ Franz
	    	 s/ Enders

 LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE 
  

					
	by:	 	 s/ Schemann
	    	 s/ Rohmann

 LANDESBANK RHEINLAND-PFALZ 
  

					
	by:	 	 s/ Sielemann
	    	 s/ Beiße-Schmoch

 LANDESBANK SACHSEN GIROZENTRALE 
  

					
	by:	 	 s/ Petzold
	    	 s/ Spangler

 NATEXIS BANQUES POPULAIRES, ZWEIGNIEDERLASSUNG DEUTSCHLAND 
  

					
	by:	 	 s/ Augagneur
	    	 s/ Mövius

 NRW BANK 
  

					
	by:	 	 s/ Kohlbrodt
	    	 s/ HolthausFiscal 2007 Executive Bonus Plan

 Exhibit 10.1 
 Costco Wholesale Corporation 
 Executive Bonus Plan 
 For fiscal year 2007, executive officers (other than Jim Sinegal and Jeff Brotman) are, depending upon the individual, eligible for a bonus award of up to approximately
$100,000. The final bonus amount is determined by Jim Sinegal, subject to the approval of the Compensation Committee of the Board of Directors. 
 Eligibility for up to 50% of the bonus amount is determined by whether the Company has met its pre-tax income goal for the year, as indicated in the Company’s internal budget. 
 The remaining 50% is determined by goals relevant to the executive officer’s area of responsibility: 
 For those whose responsibilities are operational, the goals relate to sales, controllable expenses, inventory shrinkage, and pre-tax profit in their areas of responsibility. 
 For those whose responsibilities are primarily buying, the goals relate to sales, gross margin, inventory shrinkage, and inventory turns in their areas of
responsibility. 
 For those whose responsibilities combine operational and buying functions, the goals relate to a combination of those described in the
prior two paragraphs. 
 For those whose responsibilities are staff functions, the goals relate to a combination of Company-wide operational and buying
goals, in addition to qualitative factors relevant to their areas of responsibilities. 
 To be eligible for the annual bonus, the individual must be
employed by the Company at the time bonus checks are issued (approximately November 15, 2007).

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