Document:

Collateral Agreement

 EXHIBIT 10.2 
 COLLATERAL AGREEMENT 
 made by 
 ADVANCED MICRO DEVICES, INC. 
 and 
 AMD INTERNATIONAL SALES AND SERVICE, LTD. 
 in favor of 
 WELLS FARGO BANK, N.A., 
 as Collateral Agent

 Dated as of October 24, 2006 

 TABLE OF CONTENTS 
  

					
	 SECTION 1.
	  	 DEFINED TERMS
	  	2
	 1.1.
	  	 Definitions
	  	2
	 1.2.
	  	 Other Definitional Provisions
	  	6
	 SECTION 2.
	  	 [INTENTIONALLY OMITTED]
	  	6
	 SECTION 3.
	  	 GRANT OF SECURITY INTEREST
	  	6
	 SECTION 4.
	  	 REPRESENTATIONS AND WARRANTIES
	  	7
	 4.1.
	  	 Representations in Credit Agreement
	  	7
	 4.2.
	  	 Title; No Other Liens
	  	7
	 4.3.
	  	 Perfected First Priority Liens
	  	8
	 4.4.
	  	 Jurisdiction of Organization; Chief Executive Office
	  	8
	 4.5.
	  	 [Intentionally Omitted]
	  	9
	 4.6.
	  	 [Intentionally Omitted]
	  	9
	 4.7.
	  	 Pledged Equity Interests and the Spansion Collateral Account
	  	9
	 4.8.
	  	 Accounts Receivable
	  	9
	 SECTION 5.
	  	 COVENANTS
	  	10
	 5.1.
	  	 Covenants in Credit Agreement
	  	10
	 5.2.
	  	 Delivery and Control of Instruments, Certificated Securities, Chattel Paper, Pledged Equity Interests and the Spansion Collateral
Account
	  	10
	 5.3.
	  	 Maintenance of Insurance
	  	11
	 5.4.
	  	 Payment of Obligations
	  	11
	 5.5.
	  	 Maintenance of Perfected Security Interest; Further Documentation
	  	12
	 5.6.
	  	 Changes in Locations, Name, etc
	  	12
	 5.7.
	  	 Notices
	  	12
	 5.8.
	  	 Pledged Equity Interests
	  	13
	 5.9.
	  	 Accounts Receivable
	  	13
	 SECTION 6.
	  	 REMEDIAL PROVISIONS
	  	14
	 6.1.
	  	 Certain Matters Relating to Accounts Receivable
	  	14
	 6.2.
	  	 Communications with Obligors; Grantors Remain Liable
	  	14
	 6.3.
	  	 Pledged Equity Interests
	  	15
	 6.4.
	  	 Proceeds to be Turned Over to Collateral Agent
	  	15
	 6.5.
	  	 Application of Proceeds
	  	16
	 6.6.
	  	 Code and Other Remedies
	  	16
	 6.7.
	  	 Registration Rights
	  	16
	 6.8.
	  	 Deficiency
	  	17
	 SECTION 7.
	  	 THE COLLATERAL AGENT
	  	17
	 7.1.
	  	 Collateral Agent’s Appointment as Attorney-in-Fact, etc
	  	17
	 7.2.
	  	 Duty of Collateral Agent
	  	19
	 7.3.
	  	 Financing Statements
	  	19
	 7.4.
	  	 Authority, Immunities and Indemnities of Collateral Agent
	  	19
	 SECTION 8.
	  	 MISCELLANEOUS
	  	19
	 8.1.
	  	 Amendments in Writing
	  	19
	 8.2.
	  	 Notices
	  	19
	 8.3.
	  	 No Waiver by Course of Conduct; Cumulative Remedies
	  	20
	 8.4.
	  	 Enforcement Expenses; Indemnification
	  	20
	 8.5.
	  	 Successors and Assigns
	  	20
	 8.6.
	  	 Set-Off
	  	20
	 8.7.
	  	 Counterparts
	  	21
	 8.8.
	  	 Severability
	  	21
	 8.9.
	  	 Section Headings
	  	21

  

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	 8.10.
	  	 Integration
	  	21
	 8.11.
	  	 GOVERNING LAW
	  	21
	 8.12.
	  	 Submission To Jurisdiction; Waivers
	  	21
	 8.13.
	  	 Acknowledgements
	  	22
	 8.14.
	  	 Additional Grantors; Supplements to Schedules
	  	22
	 8.15.
	  	 Releases
	  	22
	 8.16.
	  	 WAIVER OF JURY TRIAL
	  	23
	 8.17.
	  	 Secured Parties
	  	23
	 8.18.
	  	 Collateral Trust Agreement; Secured Instrument
	  	23

  

			
	 SCHEDULES

		
	 Schedule 1
	  	 Notice Addresses

	 Schedule 2
	  	 Investment Property

	 Schedule 3
	  	 Jurisdictions of Organization and Chief Executive Offices

	 Schedule 4
	  	 Filings and Other Actions Required for Perfection

  

			
	 ANNEXES
	 	
		
	 Annex I
	 	 Form of Assumption Agreement

	 Annex II
	 	 Form of Acknowledgement and Consent

	 Annex III
	 	 Form of Pledge Supplement

  

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 COLLATERAL AGREEMENT, dated as of October 24, 2006, made by each of the signatories hereto (together
with any other entity that may become a party hereto as provided herein, the “Grantors”), in favor of Wells Fargo Bank, N.A., as Collateral Agent for the Secured Parties (as defined herein) under the Collateral Trust Agreement
referred to below (in such capacity and together with its successors and assigns from time to time acting as Collateral Agent under the Collateral Trust Agreement, the “Collateral Agent”). 
 RECITALS 
 A. Pursuant to the Credit
Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Advanced Micro Devices, Inc., a Delaware corporation (the “Borrower”), the
various financial institutions and other Persons from time to time parties thereto (each a “Lender”), Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the “Administrative Agent”),
Morgan Stanley Senior Funding, Inc., as sole lead arranger and sole bookrunner (in such capacity, the “Lead Arranger”), and Morgan Stanley Senior Funding, Inc., as syndication agent (in such capacity, the “Syndication
Agent”) the Lenders have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein; 
 B. Pursuant to an Indenture, dated as of October 29, 2004 (the “Senior Notes Indenture”), between the Borrower and Wells Fargo Bank, N.A., as trustee, the Borrower issued and sold its 7.75%
Senior Notes due 2012 (the “2012 Notes”). 
 C. The Borrower, the other Grantors, and the Collateral Agent have entered into
a Collateral Trust Agreement, dated as of the date hereof (the “Collateral Trust Agreement”). 
 D. Upon effectiveness of
the Acquisition, the Borrower will be a member of an affiliated group of companies that includes each other Grantor; 
 E. The proceeds of
the extensions of credit under the Credit Agreement and the proceeds under the Specified Hedge Agreements will be used in part to enable the Borrower to make valuable transfers to one or more of the other Grantors in connection with the operation of
their respective businesses; 
 F. The Borrower and the other Grantors are engaged in related businesses, and each Grantor will derive
substantial direct and indirect benefit from the making of the extensions of credit under the Credit Agreement and the providing of financial accommodation under the Specified Hedge Agreements; and 
 G. It is a condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement
and of the Qualified Counterparties to provide financial accommodation under the Specified Hedge Agreements that the Grantors shall have executed and delivered this Agreement to the Collateral Agent for the benefit of the Secured Parties.

 NOW, THEREFORE, in consideration of the premises and to induce the Agents and the Lenders to enter into the Credit Agreement and to induce
the Lenders to make their respective extensions of credit to the Borrower thereunder and to induce the Qualified Counterparties to enter into the Specified Hedge Agreements and provide financial accommodation, each Grantor hereby agrees with the
Collateral Agent, for the benefit of the Secured Parties, as follows: 

 SECTION 1. DEFINED TERMS 
 1.1. Definitions. 
 (a) Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement, and the following terms are used herein as defined in the New York UCC (and if defined in more than one Article of the New York UCC, shall have the meaning given in Article 8
or 9 thereof): Accounts, Certificated Security, Chattel Paper, Deposit Account, Electronic Chattel Paper, Instruments, Letter-of-Credit Rights, Payment Intangibles, Records, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security.

 (b) The following terms shall have the following meanings: 
 “2012 Notes:” as defined in the second recital. 
 “2012 Notes
Obligations”: all obligations under the 2012 Notes and the Senior Notes Indenture. 
 “Accounts Receivable”: all
(i) Accounts, (ii) Chattel Paper, (iii) to the extent arising from goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered (A) Payment Intangibles and
(B) Instruments, and (iv) to the extent not otherwise covered above, all other rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services
rendered or to be rendered, regardless of how classified under the New York UCC together with all of Grantors’ rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting
Obligations related thereto and all Receivables Records. 
 “Agreement”: this Collateral Agreement, as the same may be
amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Borrower”: as defined in the
preamble. 
 “Borrower Credit Agreement Obligations”: the unpaid principal of and interest on the Loans and all other
obligations and liabilities of the Borrower to any Agent, Lender or Indemnitee, whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, which may arise under, out of, or in connection with, the
Credit Agreement, this Agreement or the other Loan Documents or any other document made, delivered or given in connection therewith or pursuant thereto, in each case whether on account of principal, interest, reimbursement obligations, fees,
indemnities, costs, expenses (including, without limitation, attorney’s fees and legal expenses) or otherwise (including interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and interest
accruing at the then applicable rate provided in the Credit Agreement after the commencement of any bankruptcy case or insolvency, reorganization, liquidation or like proceeding relating to the Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding and all expense reimbursement and indemnity obligations arising or incurred as provided in the Loan Documents after the commencement of any such case or proceeding, whether or not a claim for such
obligations is allowed in such case or proceeding). 
 “Borrower Obligations”: the collective reference to (i) the
Borrower Credit Agreement Obligations, (ii) the Borrower Hedge Agreement Obligations and (iii) all other obligations and liabilities of the Borrower, whether direct or indirect, absolute or contingent, due or to become due, or now existing
or hereafter incurred, which may arise under, out of, or in connection with, this Agreement (including, without limitation, all fees and disbursements of counsel to the Secured Parties that are required to be paid by the Borrower pursuant to the
terms of the Credit Agreement or this Agreement. 
  

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 “Borrower Hedge Agreement Obligations”: the collective reference to all obligations and
liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in any Specified Hedge Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency,
reorganization, liquidation or like proceeding, relating to the Borrower, whether or not a claim for post-petition interest is allowed in such proceeding) to any Qualified Counterparty, whether direct or indirect, absolute or contingent, due or to
become due or now existing or hereafter incurred, which may arise under, out of, or in connection with, any Specified Hedge Agreement or any other Loan Document entered into with any Secured Party or any other document made, delivered or given in
connection therewith or pursuant thereto, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the
Qualified Counterparty that are required to be paid by the Borrower pursuant to the terms of any Specified Hedge Agreement or any other Loan Document); provided, that any release of Collateral effected in the manner permitted by the Credit Agreement
shall not require the consent of holders of obligations under the Specified Hedge Agreements. 
 “Collateral”: as defined in
Section 3. 
 “Collateral Account”: any collateral account established by the Collateral Agent as provided in
Section 6.1 or 6.4. 
 “Collateral Support”: all property (real or personal) assigned, hypothecated or otherwise
securing any Collateral and including any security agreement or other agreement granting a lien or security interest in such real or personal property. 
 “Collateral Trust Agreement”: as defined in the third recital. 
 “Control
Party”: as defined in the Collateral Trust Agreement. 
 “Event of Default”: an “Event of Default” under
any Secured Instrument. 
 “Foreign Subsidiary Voting Stock”: the voting Capital Stock of any Foreign Subsidiary.

 “Intercompany Note”: any promissory note evidencing loans or other monetary obligations owing to any Grantor by any Group
Member. 
 “Investment Property”: the collective reference to (i) all Pledged Equity Interests and (ii) all
Pledged Notes. 
 “Issuers”: the collective reference to each issuer of any Investment Property purported to be pledged
hereunder. 
 “New York UCC”: the Uniform Commercial Code as from time to time in effect in the State of New York.

 “Obligations”: the Borrower Obligations and the 2012 Notes Obligations. 
 “Organizational Documents”: as to any Person, its certificate or articles of incorporation and by-laws if a corporation, or its
certificate of formation and its partnership agreement if a partnership, its limited liability company agreement if a limited liability company, or other organizational or governing documents of such person. 
  

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 “Pledge Supplement: a Pledge Supplement, substantially in the form of Annex III. 

“Pledged Alternative Equity Interests”: (a) all participation or other interests in any equity or profits of any Pledged Company
at any time issued or granted to or owned, held or acquired by any Grantor and (b) all participation or other interests in any equity or profits of any business entity that was created or acquired after the Closing Date at any time issued or
granted to or owned, held or acquired by any Grantor, and including in each case the certificates, if any, representing such interests and any interest of such Grantor in the entities on the books of the Issuer of such interests or on the books and
records of any securities intermediary pertaining to such interests, and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such interests and any other warrant, right or option to acquire any of the foregoing; provided, however, that Pledged Alternative Equity Interests shall not include any
Pledged Notes, Pledged Stock, Pledged Partnership Interests, and Pledged LLC Interests; provided further that in no event shall more than 65% of the total voting power of the outstanding Foreign Subsidiary Voting Stock of any Foreign
Subsidiary be subject to the security interests granted hereby. 
 “Pledged Company”: each of AMD US Finance, Inc., AMD
Saxony Holding GmbH, AMD Saxony LLC, AMD International Sales & Service, Ltd., Advanced Micro Devices (Singapore) Pte Ltd and Advanced Micro Devices Sdn.Bhd. 
 “Pledged Equity Interests”: all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Alternative Equity Interests. 
 “Pledged LLC Interests”: (a) all interests owned, directly or indirectly, by any Grantor in any Pledged Company that is a limited
liability company (including those listed on Schedule 2) at any time issued or granted to or owned, held or acquired by any Grantor and (b) all interests owned, directly or indirectly, by any Grantor in any limited liability company that was
created or acquired after the Closing Date at any time issued or granted to or owned, held or acquired by any Grantor, including in each case the certificates, if any, representing such limited liability company interests and any interest of any
Grantor on the books and records of such limited liability company or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and
other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such limited liability company interests and any other warrant, right or option to acquire any of the
foregoing; provided that in no event shall more than 65% of the total voting power of the outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary be subject to the security interests granted hereby. 
 “Pledged Notes”: all indebtedness for borrowed money owed to any Grantor by a Group Member including, without limitation, all
Intercompany Notes at any time issued to or owned, held or acquired by any Grantor (including those listed on Schedule 2). 
 “Pledged Partnership Interests”: (a) all interests owned, directly or indirectly, by any Grantor in any Pledged Company that is a general partnership, limited partnership, limited liability partnership or other
partnership (including those listed on Schedule 2) at any time issued or granted to or owned, held or acquired by any Grantor and (b) all interests owned, directly or indirectly, by any Grantor in any general partnership, limited partnership,
limited liability partnership or other partnership that was created or acquired after the Closing Date at any time issued or granted to or owned, held or acquired by 

  

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any Grantor, including, in each case, the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and
records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests and any other warrant, right or option to acquire any of the foregoing: provided that in no event shall more than 65%
of the total voting power of the outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary be subject to the security interests granted hereby. 
 “Pledged Stock”: (a) all shares, stock certificates, options, interests or rights of any nature whatsoever in respect of the Capital Stock of any Pledged Company (including those listed on
Schedule 2) at any time issued or granted to or owned, held or acquired by any Grantor and (b) all shares, stock certificates, options, interests or rights of any nature whatsoever in respect of the Capital Stock of any Person created or
acquired after the Closing Date at any time issued or granted to or owned, held or acquired by any Grantor, including, in each case, the certificates, if any, representing such shares and any interest of such Grantor in the entries on the books of
the Issuer of such shares or on the books and records of any securities intermediary pertaining to such shares, and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares and any other warrant, right or option to acquire any of the foregoing; provided that in no event shall more than 65% of the total
voting power of the outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary be subject to the security interests granted hereby. 
 “Proceeds”: all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC, including, in any event, all dividends, returns of capital and other distributions and income from Investment
Property and all collections thereon and payments with respect thereto. 
 “Receivables Records”: (i) all original
copies of all documents, instruments or other writings or electronic records or other Records evidencing the Accounts Receivable, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers
relating to Accounts Receivable, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Accounts Receivable, whether in the possession or
under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and
amendments, supplements or other modifications thereto, notices to other creditors or agents thereof, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration
officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or non-written forms of information related in any way to the foregoing or any Accounts Receivable. 
 “Secured Instrument”: as defined in the Collateral Trust Agreement. 
 “Secured Parties”: as defined in the Collateral Trust Agreement. 
 “Securities Act”: the Securities Act of 1933, as amended. 
 “Senior Notes Indenture” is defined in the second recital. 
 “Subordination
Agreement”: Subordination Agreement, dated April 20, 2004, among the Borrower, AMD Fab 36 Holding Gmbh, AMD Fab 36 Admin Gmbh, Leipziger Messe Gmbh, Fab 36 Beteiligungs Gmbh, AMD Fab 36 LLC, LB Beteiligungsgesellschaft MBH, AMD Fab 36
Limited 

  

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Liability Company & Co. KG, ABN AMRO Bank N.V., Commerzbank Aktiengesellschaft, Deutsche Bank Luxembourg S.A., Dresdner Kleinwort Wasserstein, KFW,
Landesank Hessen-Thuringen Girozentrale, Landesbank Sachsen Girozentrale, Dresdner Bank Luxembourg S.A., as Facility Agent, Dresdner Bank AG In Berlin, as Security Agent, and the Financial Institutions party thereto. 
 “UETA”: the Uniform Electronic Transaction Act, as in effect in the applicable jurisdiction. 
 1.2. Other Definitional Provisions. 
 (a) As used herein and in any certificate or other document made or delivered pursuant hereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1,
to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”, (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative
meanings), and (iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties of every type and nature, and
(v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time
(subject to any applicable restrictions hereunder). 
 (b) The words “hereof,” “herein”, “hereto” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to this Agreement unless otherwise
specified. 
 (c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 (d) Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to
such Grantor’s Collateral or the relevant part thereof. 
 (e) The expressions “payment in full,” “paid in full” and
any other similar terms or phrases when used herein with respect to any Obligation shall mean (A) the payment in full of such Obligation in cash in immediately available funds and (B) with respect to obligations under the Specified Hedge
Agreements with any Qualified Counterparty, such obligations are secured by a collateral arrangement reasonably satisfactory to the Qualified Counterparty in its sole discretion. 
 SECTION 2. [INTENTIONALLY OMITTED]. 
 SECTION
3. GRANT OF SECURITY INTEREST 
 Each Grantor hereby grants to the Collateral Agent, for the benefit of the Secured Parties, a security
interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the
“Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all Obligations: 
 (a) all Accounts Receivable; 
  

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 (b) all proceeds and products from the direct or indirect sale of the Capital Stock of Spansion;

 (c) the Spansion Collateral Account, if and when the same is created pursuant to Section 6.11 of the Credit Agreement; 
 (d) all Investment Property; 
 (e) all
Supporting Obligations and products of any and all of the foregoing and all security interests or other liens on personal or real property securing or in any respect relating to any of the foregoing; 
 (f) all books and records (regardless of medium) pertaining to any of the foregoing; and 
 (g) all Proceeds of any of the foregoing; 
 provided
that the security interest granted hereunder shall not cover and the term “Collateral” shall not include any of the following: (A) Capital Stock of Fab 36, (B) as of the date hereof, Capital Stock of 1252986 Alberta ULC or any
Subsidiary of the Borrower that is not a Material Subsidiary owned by a Grantor, and after the date hereof with respect to after-acquired or after-created Subsidiaries, Capital Stock of any Subsidiary that is not a Material Subsidiary,
(C) Capital Stock which is specifically excluded from the definitions of Pledged Alternative Equity Interests, Pledged LLC Interests, Pledged Partnership Interests and Pledged Stock by virtue of the proviso to such definitions, (D) any
Intercompany Note or other obligation (x) that is not issued by either a Subsidiary that is an Issuer as of the date hereof or after the date hereof that is not a Material Subsidiary or (y) that is issued by Fab 36 that by its terms or by
the terms of the Subordination Agreement does not permit the grant of a security interest in such Intercompany Note or other obligations; provided that no prohibition on the grant of a security interest shall be effective if it were bargained
for by any Grantor with the intent of avoiding compliance with this Agreement, and (E) any Intercompany Note evidencing a loan or other extension of credit made by a Grantor to any Foreign Subsidiary to the extent that a pledge or Lien to the
Collateral Agent with respect to such Intercompany Note would create an increased tax liability for any Grantor; provided that no Intercompany Note shall be excluded from the security interest granted hereunder if it was entered into with the
intent of avoiding compliance with this Agreement; provided, further, that the security interest granted hereby shall attach at all times to all proceeds of such property if such proceeds are otherwise Collateral hereunder. 

SECTION 4. REPRESENTATIONS AND WARRANTIES 
 Each Grantor hereby represents and warrants to each Secured Party that: 
 4.1. Representations in Credit Agreement. In the
case of each Grantor (other than the Borrower), the representations and warranties set forth in Section 4 of the Credit Agreement as they relate to such Grantor or to the Loan Documents to which such Grantor is a party, each of which is hereby
incorporated herein by reference, are true and correct, and each Secured Party shall be entitled to rely on each of them as if they were fully set forth herein; provided that each reference in each such representation and warranty to the
Borrower’s knowledge shall, for the purposes of this Section 4.1, be deemed to be a reference to such Grantor’s knowledge. 
 4.2. Title; No Other Liens. Except for the security interest granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement and the other Liens permitted to 
  

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exist on such Grantor’s Collateral by the Credit Agreement, such Grantor owns each item of Collateral granted by it free and clear of any and all Liens
or claims of others. No financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed in favor of the Collateral Agent, for the benefit of
the Secured Parties, pursuant to this Agreement or in respect of Liens that are permitted by the Credit Agreement or any other Loan Document or for which termination statements will be delivered on the Closing Date. 
 4.3. Perfected First Priority Liens. 
 (a) Upon completion of the filings and other actions specified on Schedule 4 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Agent in completed and, where required,
duly executed form) and the obtaining and maintenance of “control” (within the meaning of Section 8-106, 9-104 and 9-107 of the New York UCC) by the Collateral Agent of the Spansion Collateral Account and any Letter-of-Credit Rights
which are part of the Supporting Obligations, the security interests granted in Section 3 will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Agent, for the benefit of the Secured Parties, as
collateral security for the Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any such Collateral from such Grantor and is and will be prior to all other Liens
on such Collateral except for Liens permitted by the Credit Agreement which have priority over the Liens on such Collateral by operation of law. Without limiting the foregoing and except as otherwise permitted or provided in Section 5 hereof,
each Grantor has taken all actions necessary to establish the Collateral Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the New York UCC) over any portion of the Investment Property constituting Certificated
Securities or Uncertificated Securities (each as defined in the New York UCC). 
 (b) Each Grantor consents to the grant by each other
Grantor of the security interests granted hereby and the transfer of any Capital Stock or Investment Property to the Collateral Agent or its designee following an Event of Default and to the substitution of the Collateral Agent or its designee or
the purchaser upon any foreclosure sale as the holder and beneficial owner of the interest represented thereby. 
 4.4. Jurisdiction of
Organization; Chief Executive Office. On the date hereof, such Grantor’s exact legal name, jurisdiction of organization, organizational identification number from the jurisdiction of organization (if any), and the location of such
Grantor’s chief executive office or sole place of business or principal residence, as the case may be, are specified on Schedule 3. On the date hereof, such Grantor is organized solely under the law of the jurisdiction so specified and has not
filed any certificates of domestication, transfer or continuance in any other jurisdiction. Except as otherwise indicated on Schedule 3, the jurisdiction of such Grantor’s organization or formation is required to maintain a public record
showing the Grantor to have been organized or formed. On the date hereof, except as specified on Schedule 3, such Grantor has not changed its name, jurisdiction of organization, chief executive office or sole place of business or its corporate or
organizational form in any way (e.g. by merger, consolidation, change in corporate form or otherwise) within the past five years and has not within the last five years become bound (whether as a result of merger or otherwise) as grantor under a
security agreement entered into by another person, which (x) has not heretofore been terminated or (y) is in respect of a Lien that is not permitted by the Credit Agreement. Such Grantor has furnished to the Collateral Agent its
Organizational Documents as in effect as of a date which is recent to the date hereof and long form good standing certificate as of a date which is recent to the date hereof. 
  

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 4.5. [Intentionally Omitted]. 
 4.6. [Intentionally Omitted]. Investment Property and the Spansion Collateral Account. (a) Schedule 2 hereto (as such schedule may be
amended or supplemented from time to time) sets forth under the headings “Pledged Stock,” “Pledged LLC Interests” and “Pledged Partnership Interests,” all of the Pledged Stock, Pledged LLC Interests and Pledged
Partnership Interests, respectively, owned by any Grantor and pledged hereunder and such Pledged Equity Interests constitute the percentage of issued and outstanding shares of stock, percentage of membership interests, percentage of partnership
interests or percentage of beneficial interest of the respective issuers thereof indicated on such schedule. Schedule 2 hereto (as such schedule may be amended or supplemented from time to time) sets forth under the heading “Pledged
Notes” all of the Pledged Notes owned by any Grantor and pledged hereunder. When created, the Spansion Collateral Account will be a Deposit Account and the Borrower will be the sole customer of the Spansion Collateral Account and it will not
consent to any person other than the Collateral Agent having “control” (within the meanings of Section 9-104 of the New York UCC) over, or any other interest in, the Spansion Collateral Account, or any property credited thereto.

 (b) The shares of Pledged Equity Interests pledged by such Grantor hereunder constitute all of the issued and outstanding shares of all
classes of Capital Stock in each Pledged Company owned by such Grantor or, in the case of Voting Stock of any Excluded Foreign Subsidiary, if less, 65% of the total voting power of the outstanding Voting Stock of each relevant Pledged Company.

 (c) All the shares of the Pledged Equity Interests pledged hereunder have been duly and validly issued and are fully paid and
nonassessable. 
 (d) The Pledged LLC Interests and Pledged Partnership Interests pledged hereunder (i) are not traded on securities
exchanges or in securities markets, (ii) are not “investment company securities” (as defined in Section 8-103(b) of the New York UCC and (iii) do not provide, in the related operating or partnership agreement, as applicable,
or on the certificates, if any, representing such Pledged LLC Interests or Pledged Partnership Interests, as applicable, or otherwise that they are securities governed by the Uniform Commercial Code of any jurisdiction. 
 (e) Such Grantor is the record and beneficial owner of, and has good and marketable title to, the Investment Property pledged by it hereunder, free of
any and all Liens or options in favor of, or claims of, any other person, except Liens permitted to exist on the Collateral by the Credit Agreement, and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting
trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests pledged hereunder. 
 4.8. Accounts Receivable. 
 (a) No
amount payable to such Grantor under or in connection with any Accounts Receivable in excess of $1,000,000 is evidenced by any Instrument or Chattel Paper which has not been delivered to the Collateral Agent or constitutes Electronic Chattel Paper
that has not been subjected to the control (within the meaning of Section 9-105 of the New York UCC) of the Collateral Agent. 
  

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 SECTION 5. COVENANTS 
 Each Grantor covenants and agrees with the Secured Parties that, from and after the date of this Agreement until the Collateral is released pursuant to Section 8.15(a): 
 5.1. Covenants in Credit Agreement. Such Grantor shall take, or refrain from taking, as the case may be, each action that is necessary to be taken
or not taken, so that no breach of the covenants in the Credit Agreement pertaining to actions to be taken, or not taken, by such Grantor will result. 
 5.2. Delivery and Control of Instruments, Certificated Securities, Chattel Paper, Investment Property, Letter-of-Credit Rights that are Supporting Obligations and the Spansion Collateral Account. 
 (a) Upon the occurrence and during the continuation of a Default or Event of Default, if any of the Collateral of such Grantor is or shall become
evidenced or represented by any Instrument or Tangible Chattel Paper, such Grantor shall immediately deliver such Instrument or Tangible Chattel Paper to the Collateral Agent, duly indorsed in a manner reasonably satisfactory to the Collateral
Agent, to be held as Collateral pursuant to this Agreement and all of such property owned by any Grantor as of the Closing Date shall be delivered on the Closing Date. 
 (b) Upon the occurrence and during the continuation of a Default or Event of Default, if any of the Collateral of such Grantor is or shall become “Electronic Chattel Paper”, such Grantor shall ensure that
(i) a single authoritative copy exists which is unique, identifiable, unalterable (except as provided in clauses (iii), (iv) and (v) of this paragraph), (ii) such authoritative copy identifies the Collateral Agent as the assignee
and is communicated to and maintained by the Collateral Agent or its designee, (iii) copies or revisions that add or change the assignee of the authoritative copy can only be made with the participation of the Collateral Agent, (iv) each
copy of the authoritative copy and any copy of a copy is readily identifiable as a copy and not the authoritative copy and (v) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision. 

(c) If any of the Collateral of such Grantor is or shall become evidenced or represented by an Uncertificated Security, such Grantor shall cause the
issuer thereof either (i) to register the Collateral Agent as the registered owner of such Uncertificated Security, upon original issue or registration of transfer or (ii) to promptly agree in writing with such Grantor and the Collateral
Agent that such Issuer will comply with instructions with respect to such Uncertificated Security originated by the Collateral Agent without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the
Collateral Agent. 
 (d) If the Administrative Agent has requested the Borrower to establish the Spansion Collateral Account pursuant to
Section 6.11 of the Credit Agreement, the Borrower shall promptly upon such request of the Administrative Agent (but in any event within three Business Days of such request or such later date to which the Administrative Agent may consent in
writing) (i) execute and deliver to the Collateral Agent a Pledge Supplement and (ii) cause the depositary institution maintaining such account to enter into an agreement satisfactory to the Collateral Agent pursuant to which the
depositary institution shall agree to comply with the Collateral Agent’s instructions without further consent by the Borrower and shall establish that the Collateral Agent shall have “control” (within the meaning of Section 9-104
of the New York UCC) over the Spansion Collateral Account. 
 (e) If any of the Collateral of such Grantor is or shall become evidenced or
represented by any Certificated Security (other than any Capital Stock which is specifically excluded from the definition of Pledged Stock by virtue of the proviso to such definition and any promissory note that does not qualify as a Pledged Note
pursuant to the definition thereof), such Certificated Security shall be promptly delivered to the Collateral Agent, duly indorsed in a manner reasonably satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement.

  

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 (f) In addition to and not in lieu of the foregoing, if any issuer of any Investment Property is
organized under the law of, or has its chief executive office in, a jurisdiction outside of the United States, each Grantor shall take such additional actions, including causing the issuer to register the pledge on its books and records, or take any
other action as may be reasonably requested by the Collateral Agent, under the laws of such jurisdiction to insure the validity, perfection and priority of the security interest of the Collateral Agent. 
 (g) Upon the occurrence and during the continuation of a Default or Event of Default, if any of the Collateral of such Grantor is or shall become
“transferable records” as defined in UETA, such Grantor shall take such action as the Collateral Agent may reasonably request to vest in the Collateral Agent “control” under Section 16 of UETA over such transferable records.
The Collateral Agent agrees with such Grantor that the Collateral Agent will arrange, pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of
control, for the Grantor to make alterations to the transferable records permitted under Section 16 of UETA for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after
taking into account any action by such Grantor with respect to such transferable records. 
 (h) Upon the occurrence and during the
continuation of a Default or Event of Default, in the case of any Letter-of-Credit Rights that are Supporting Obligations, each Grantor shall promptly (but in any event within 60 days of the occurrence of such Default or Event of Default or such
later date to which the Collateral Agent may consent in writing) obtain the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the related letter of credit in accordance with Section 5-114(c) of
the New York UCC, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent. No Grantor will consent to any person having “control” (within the meaning of Section 9-107 of the New York UCC) over,
or any other interest in, any Letter-of-Credit Rights that are Supporting Obligations which such Grantor has an interest, other than the Collateral Agent. 
 5.3. Maintenance of Insurance. 
 (a) Such Grantor will maintain insurance policies as required by the
Credit Agreement and naming the Collateral Agent on behalf of the Secured Parties as additional insureds under liability insurance policies to the extent reasonably requested by the Collateral Agent. 
 (b) All such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be
effective until at least 30 days after receipt by the Collateral Agent of written notice thereof and (ii) name the Collateral Agent as additional insured party and/or loss payee in respect of Net Cash Proceeds from Extraordinary Receipts
related to property insurance which exceed $30,000,000. All proceeds of property insurance received by the Collateral Agent shall be released by the Collateral Agent to the Borrower for the account of the Grantor entitled thereto, unless (i) an
Event of Default has occurred and is continuing or (ii) otherwise provided in the Credit Agreement. 
 5.4. Payment of
Obligations. Such Grantor will pay and discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all taxes and other assessments and governmental charges or levies imposed upon such Grantor’s
Collateral or in respect of income or profits therefrom, as well as all claims of any kind (including claims for labor, materials and supplies) against or with respect to such Grantor’s Collateral, except such claims as are contested in good
faith and as to which the failure to pay or discharge would not reasonably be expected to result in a Material Adverse Effect. 
  

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 5.5. Maintenance of Perfected Security Interest; Further Documentation. 
 (a) Such Grantor shall maintain the security interest created by this Agreement in such Grantor’s Collateral as a security interest having at least
the perfection and priority described in Section 4.3 and shall defend such security interest against the claims and demands of all Persons whomsoever, subject to the rights of such Grantor under the Loan Documents to dispose of the Collateral.

 (b) Such Grantor will furnish to the Collateral Agent from time to time statements and schedules further identifying and describing the
assets and property of such Grantor in reasonable detail and such other reports in connection therewith as the Collateral Agent may reasonably request. 
 (c) Such Grantor shall give to the Collateral Agent and the other Secured Parties at all times upon reasonable prior notice full and free access during normal business hours to all of its books, correspondence and
records and the Collateral Agent and the other Secured Parties and their respective representatives may examine, inspect or audit the same, take extracts therefrom and make photocopies thereof, and the Grantors agree to render to the Collateral
Agent and the other Secured Parties, at such Grantor’s cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. 
 (d) At any time and from time to time, upon the written request of the Collateral Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such
further instruments and documents, including, without limitation, a completed Pledge Supplement, substantially in the form of Annex III attached hereto, and take such further actions as the Collateral Agent may reasonably request for the purpose of
creating, perfecting, ensuring the priority of, protecting or enforcing the Collateral Agent’s security interest in the Collateral or otherwise conferring or preserving the full benefits of this Agreement and of the interests, rights and powers
herein granted. 
 5.6. Changes in Locations, Name, etc. Such Grantor will not, except upon not less than 30 days’ prior written
notice to the Collateral Agent and delivery to the Collateral Agent of all additional financing statements and other documents (executed where appropriate) reasonably requested by the Collateral Agent to maintain the validity, perfection and
priority of the security interests provided for herein: 
 (i) change its jurisdiction of organization or the location of its
chief executive office or sole place of business or principal residence from that referred to in Section 4.4; or 
 (ii)
change its name, identity or corporate structure to such an extent that any financing statement filed by the Collateral Agent in connection with this Agreement would become misleading. 
 5.7. Notices. Such Grantor will advise the Collateral Agent and the Secured Parties promptly, in reasonable detail, of: 
 (a) any Lien (other than security interests created hereby or Liens permitted under the Credit Agreement) on any of the Collateral which would adversely
affect the ability of the Collateral Agent to exercise any of its remedies hereunder; and 
 (b) the occurrence of any other event which
would reasonably be expected to have a material adverse effect on the aggregate value of the Collateral or on the security interests created hereby. 
  

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 5.8. Investment Property. 
 (a) If such Grantor shall become entitled to receive or shall receive any stock certificate (including any certificate representing a stock dividend or a
distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of the Capital Stock of any Issuer of Pledged Equity Interests,
whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Secured Parties, hold the same in trust for
the Secured Parties and deliver the same forthwith to the Collateral Agent in the exact form received, duly indorsed by such Grantor to the Collateral Agent, if required, together with an undated stock power or equivalents covering such certificate
duly executed in blank by such Grantor and with, if the Collateral Agent so requests, signature guaranteed, to be held by the Collateral Agent, subject to the terms hereof, as additional collateral security for the Obligations; provided, that
in no event shall there be pledged more than 65% of the total voting power of the outstanding Foreign Subsidiary Voting Stock of any Foreign Subsidiary. Any sums paid upon or in respect of the Investment Property upon the liquidation or dissolution
of any Issuer shall be paid over to the Collateral Agent (unless otherwise agreed in the Credit Agreement) to be held by it hereunder as additional collateral security for the Obligations, and in case any distribution of capital shall be made on or
in respect of the Investment Property or any property shall be distributed upon or with respect to the Investment Property pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof,
the property so distributed shall, unless otherwise subject to a perfected security interest in favor of the Collateral Agent, be delivered to the Collateral Agent to be held by it hereunder as additional collateral security for the Obligations. If
any sums of money or property so paid or distributed in respect of the Investment Property shall be received by such Grantor, such Grantor shall, until such money or property is paid or delivered to the Collateral Agent, hold such money or property
in trust for the Secured Parties, segregated from other funds of such Grantor, as additional collateral security for the Obligations. 
 (b)
In the case of each Grantor which is an Issuer, such Grantor agrees that (i) it will be bound by the terms of this Agreement relating to the Investment Property issued by it and will comply with such terms insofar as such terms are applicable
to it, (ii) it will notify the Collateral Agent promptly in writing of the occurrence of any of the events described in Section 5.8(a) with respect to the Investment Property issued by it and (iii) it will take all actions required or
reasonably requested by the Collateral Agent to enable or permit each Grantor to comply with Sections 6.3(c) and 6.7 as to all Investment Property issued by it. 
 (c) Such Grantor covenants and agrees that, without the prior express written consent of the Collateral Agent, it will not agree to any election by any limited liability company or partnership, as applicable, to treat
the Pledged LLC Interests or Pledged Partnership Interests, as applicable, pledged hereunder, as securities governed by the Uniform Commercial Code of any jurisdiction and in any event will promptly notify the Collateral Agent in writing if the
representation set forth in Section 4.7(d) becomes untrue for any reason and, in such event, take such action as the Collateral Agent may request in order to establish the Collateral Agent’s “control” (within the meaning of
Section 8-106 of the New York UCC) over such Pledged LLC Interests or Pledged Partnership Interests, as applicable. Such Grantor shall not consent to any amendment to any related operating or partnership agreement, as applicable, that would
render the representation in Section 4.7(d) to no longer be true and correct. 
 5.9. Accounts Receivable. 
 Other than in the ordinary course of business or as permitted by the Loan Documents, such Grantor will not (i) grant any extension of the time of
payment of any Accounts Receivable, (ii)

  

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compromise or settle any Accounts Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the
payment of any Accounts Receivable, (iv) allow any credit or discount whatsoever on any Accounts Receivable or (v) amend, supplement or modify any Accounts Receivable in any manner that would materially adversely affect the value thereof.

 SECTION 6. REMEDIAL PROVISIONS 
 6.1. Certain Matters Relating to Accounts Receivable. 
 (a) The Collateral Agent hereby authorizes each Grantor to collect
such Grantor’s Accounts Receivable, and the Collateral Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default. If required by the Collateral Agent at any time after the
occurrence and during the continuance of an Event of Default, any payments of Accounts Receivable, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days of receipt by such Grantor) deposited by such
Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent if required, in a Collateral Account maintained under the sole dominion and control of the Collateral Agent, subject to withdrawal by the Collateral Agent for
the account of the Secured Parties only as provided in Section 6.5, and (ii) until so turned over, shall be held by such Grantor in trust for the Collateral Agent and the Secured Parties, segregated from other funds of such Grantor. Each
such deposit of Proceeds of Accounts Receivable shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 
 (b) At any time and from time to time upon the occurrence and during the continuation of an Event of Default, at the Collateral Agent’s request,
each Grantor shall deliver to the Collateral Agent all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts Receivable, including all original orders, invoices and shipping
receipts. 
 6.2. Communications with Obligors; Grantors Remain Liable. 
 (a) At any time after the occurrence and during the continuance of an Event of Default, the Collateral Agent in its own name or in the name of others may
at any time communicate with obligors under the Accounts Receivable to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable. 
 (b) At any time after the occurrence and during the continuance of an Event of Default, the Collateral Agent may (and each Grantor at the request of the
Collateral Agent shall) notify obligors on the Accounts Receivable that the Accounts Receivable have been assigned to the Collateral Agent for the benefit of the Secured Parties and that payments in respect thereof shall be made directly to the
Collateral Agent. 
 (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of such Grantor’s
Accounts Receivable to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Secured Party shall have any obligation or
liability under any Accounts Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by any Secured Party of any payment relating thereto, nor shall any Secured Party be obligated in any manner
to perform any of the obligations of any Grantor under or pursuant to any Accounts Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to
the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any
time or times. 
  

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 6.3. Investment Property. 
 (a) Unless an Event of Default has occurred and is continuing and the Collateral Agent has given notice to the relevant Grantor of the Collateral
Agent’s intent to exercise its rights pursuant to Section 6.3(b), each Grantor may receive all cash dividends paid in respect of the Pledged Stock pledged hereunder and all payments made in respect of the Pledged Notes pledged hereunder,
in each case paid in the normal course of business of the relevant Issuer and consistent with past practice, to the extent permitted in the Credit Agreement, and may exercise all voting and corporate or other organizational rights with respect to
Investment Property; provided, that no vote shall be cast or corporate or other organizational right exercised or other action taken (other than in connection with a transaction permitted by the Credit Agreement) which, in the Collateral
Agent’s reasonable judgment, would impair the Collateral or be inconsistent with or result in any violation of any provision of any Loan Document. 
 (b) If an Event of Default shall occur and be continuing and the Collateral Agent shall give notice of its intent to exercise such rights to the relevant Grantor or Grantors, (i) the Collateral Agent shall have
the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the Investment Property and shall make application thereof to the Obligations in the order set forth in Section 6.5, and (ii) any or all of the
Investment Property shall be registered in the name of the Collateral Agent or its nominee, and the Collateral Agent or its nominee may thereafter exercise (A) all voting, corporate and other rights pertaining to such Investment Property at any
meeting of shareholders of the relevant Issuer or Issuers or otherwise and (B) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Investment Property as if it were the
absolute owner thereof (including the right to exchange at its discretion any and all of the Investment Property upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the corporate or other organizational
structure of any Issuer, or upon the exercise by any Grantor or the Collateral Agent of any right, privilege or option pertaining to such Investment Property, and in connection therewith, the right to deposit and deliver any and all of the
Investment Property with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Collateral Agent may determine), all without liability except to account for property actually received by
it, but the Collateral Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 
 (c) Each Grantor hereby authorizes and instructs each Issuer of any Investment Property pledged by such Grantor hereunder to (i) comply with any
instruction received by it from the Collateral Agent in writing that (A) states that an Event of Default has occurred and is continuing and (B) is otherwise in accordance with the terms of this Agreement, without any other or further
instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) after receipt by an Issuer or obligor of any instructions pursuant to Section 6.3(c)(i) hereof, pay any dividends
or other payments with respect to the Investment Property directly to the Collateral Agent. 
 6.4. Proceeds to be Turned Over to
Collateral Agent. In addition to the rights of the Secured Parties specified in Section 6.1 with respect to payments of Accounts Receivable, if an Event of Default shall occur and be continuing and the Collateral Agent has instructed any
Grantor to do so, all Proceeds received by such Grantor consisting of cash, checks and other near-cash items shall be held by such Grantor in trust for the Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon
receipt by such Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required). All Proceeds received by the Collateral Agent hereunder shall be held by
the Collateral Agent in a Collateral Account 
  

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maintained under its sole dominion and control. All Proceeds while held by the Collateral Agent in a Collateral Account (or by such Grantor in trust for the
Collateral Agent and the Secured Parties) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 6.5. 
 6.5. Application of Proceeds. All Proceeds received by the Collateral Agent in respect of any sale of, collection from, or other realization upon,
all or any part of the collateral shall be applied by the Collateral Agent against all or any part of the Obligations as set forth in Section 3.4 of the Collateral Trust Agreement. 
 6.6. Code and Other Remedies. If an Event of Default shall occur and be continuing, the Collateral Agent may exercise, in addition to all other
rights and remedies granted to it in this Agreement and in any other Loan Document, all rights and remedies of a secured party under the New York UCC or any other applicable law or in equity. Without limiting the generality of the foregoing, to the
fullest extent permitted by applicable law, the Collateral Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor
or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith
sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange,
broker’s board or office of any Agent or any Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any
credit risk. Any Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or
equity of redemption in any Grantor, which right or equity is hereby waived and released. Each Grantor further agrees, at the Collateral Agent’s request, to assemble the Collateral and make it available to the Collateral Agent at places which
the Collateral Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The Collateral Agent shall apply the net proceeds of any action taken by it pursuant to this Section 6.6, after deducting all reasonable costs
and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Collateral Agent and the Secured Parties hereunder, including
reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations, in such order as set forth in Section 6.5, and only after such application and after the payment by the Collateral Agent of any other
amount required by any provision of law, including Section 9-615(a)(3) of the New York UCC, need the Collateral Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims,
damages and demands it may acquire against any Secured Party arising out of the exercise of any rights hereunder other than any such claims, damages and demands that may arise from the gross negligence or willful misconduct of such Secured Party. If
any notice of a proposed sale or other disposition of Collateral is required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 
 6.7. Registration Rights. 
 (a) Each
Grantor recognizes that the Collateral Agent may be unable to effect a public sale of any or all the Pledged Stock pledged hereunder, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or
otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a
view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may 

  

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result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private
sale shall be deemed to have been made in a commercially reasonable manner. The Collateral Agent shall be under no obligation to delay a sale of any of the Pledged Stock pledged hereunder for the period of time necessary to permit the Issuer thereof
to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. 
 (b) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Stock pledged hereunder pursuant to
this Section 6.7 valid and binding and in compliance with any and all other applicable Requirements of Law. 
 6.8. Deficiency.
Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any attorneys employed by the Collateral Agent or any
Secured Party to collect such deficiency. 
 SECTION 7. THE COLLATERAL AGENT 
 7.1. Collateral Agent’s Appointment as Attorney-in-Fact, etc. 
 (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power
and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and
instruments which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent the power and right, on behalf of such
Grantor, without notice to or assent by such Grantor, to do any or all of the following: 
 (i) in the name of such Grantor or
its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Accounts Receivable of such Grantor or with respect to any other Collateral of
such Grantor and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under any Accounts Receivable of
such Grantor or with respect to any other Collateral of such Grantor whenever payable; 
 (ii) pay or discharge taxes and
Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 
 (iii) execute, in connection with any sale provided for in Section 6.6 or 6.7, any endorsements, assignments or other instruments of
conveyance or transfer with respect to the Collateral; and 
 (iv) (A) direct any party liable for any payment under any
of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct; (B) ask or demand for, collect, and receive payment of and receipt for, any and
all moneys, claims and other amounts 

  

 17 

 
due or to become due at any time in respect of or arising out of any Collateral of such Grantor; (C) sign and indorse any invoices, freight or express
bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral of such Grantor; (D) commence and prosecute any suits, actions or
proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral of such Grantor; (E) defend any suit, action or proceeding
brought against such Grantor with respect to any Collateral; (F) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Collateral Agent may deem appropriate; and
(G) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral of such Grantor as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes,
and do, at the Collateral Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Collateral Agent deems necessary to protect, preserve or realize upon the Collateral of such Grantor and
the Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 
 The Collateral Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default has occurred and is continuing. 
 (b) If any Grantor fails to perform or comply with any of its agreements contained herein, the Collateral Agent, at its option, but without any
obligation so to do, may perform or comply with, or cause performance or compliance with, such agreement. 
 (c) The expenses of the
Collateral Agent incurred in connection with actions undertaken as provided in this Section 7.1, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due Base Rate Loans
under the Credit Agreement, from the date of payment by the Collateral Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Collateral Agent on demand. 
 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies
contained in this Agreement are coupled with an interest and are irrevocable as to each Grantor until this Agreement is terminated and all security interests created hereby with respect to the Collateral of such Grantor are released. 
 7.2. Duty of Collateral Agent. The Collateral Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the
Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Collateral Agent deals with similar property for its own account. Neither the Collateral Agent, any Secured
Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise
dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Collateral Agent and the Secured Parties hereunder
are solely to protect the Secured Parties’ interests in the Collateral and shall not impose any duty upon the Collateral Agent or any Secured Parties to exercise any such powers. The Collateral Agent and the Secured Parties shall be accountable
only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except,
in the case of the Collateral Agent only in respect of its own gross negligence or willful misconduct, to the extent required by applicable law (subject to Section 10.12(e) of the Credit Agreement and other applicable provisions of the Loan
Documents). 
  

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 7.3. Financing Statements. Each Grantor hereby authorizes the filing of any financing statements
or continuation statements, and amendments to financing statements, or any similar document in any jurisdictions and with any filing offices as the Collateral Agent may determine, in its sole discretion, are necessary or advisable to perfect or
otherwise protect the security interest granted to the Collateral Agent herein. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of collateral that describes
such property in any other manner as the Collateral Agent may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral granted to the Collateral Agent herein. Each
Grantor hereby ratifies and authorizes the filing by the Collateral Agent of any financing statement with respect to the Collateral made prior to the date hereof. 
 7.4. Authority, Immunities and Indemnities of Collateral Agent. Each Grantor acknowledges, and, by acceptance of the benefits hereof, each Secured Party agrees, that the rights and responsibilities of the
Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or
resulting or arising out of this Agreement shall, as among the Secured Parties, be governed by the Credit Agreement and that the Collateral Agent shall have, in respect thereof, all rights, remedies, immunities and indemnities granted to it in the
Credit Agreement. By acceptance of the benefits hereof, each Secured Party that is not a Lender agrees to be bound by the provisions of the Credit Agreement applicable to the Collateral Agent, including Section 9 thereof, as fully as if such
Secured Party were a Lender. The Collateral Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or
entitlement, to make any inquiry respecting such authority. Each Grantor further acknowledges that (a) the Grantors and the Collateral Agent have entered into the Collateral Trust Agreement and that, pursuant to Section 2.1 thereof, the
Collateral Agent has agreed (solely for the benefit of the Secured Parties) to take such actions and exercise such remedies as may be permitted solely in accordance with the Requisite Instructions delivered thereto and (b) that the Collateral
Agent shall have no liability hereunder for taking any such action, exercising any such remedy, or performing any such obligation in accordance with such Requisite Instructions. 
  

	 	SECTION	8. MISCELLANEOUS 

 8.1. Amendments in Writing. None
of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 10.1 of the Credit Agreement; provided that no such waiver, amendment, supplement or modification shall
require the consent of the any Qualified Counterparty except as expressly provided in Section 10.1 of the Credit Agreement. 
 8.2.
Notices. All notices, requests and demands to or upon the Collateral Agent or any Grantor hereunder shall be effected in the manner provided for in Section 10.2 of the Credit Agreement; provided that any such notice, request or
demand to or upon any Grantor shall be addressed to such Grantor at its notice address set forth on Schedule 1 or to such other address as such Grantor may notify the Collateral Agent in writing; provided further that notices to the
Collateral Agent shall be addressed as follows, or to such other address as may be hereafter notified by the Collateral Agent: 
 Wells Fargo Bank, N.A. 
 Corporate Trust Services 
 MAC N9303-120 
 Sixth Street and Marquette Avenue 
 Minneapolis, MN 55479 
 Attention: AMD Collateral Agency 
 Telecopy: (612) 667-9825 
  

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 8.3. No Waiver by Course of Conduct; Cumulative Remedies. Neither the Collateral Agent nor any
Secured Party shall by any act (except by a written instrument pursuant to Section 8.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default.
No failure to exercise, nor any delay in exercising, on the part of the Collateral Agent or any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Collateral Agent or any Secured Party of any right or remedy hereunder on any one occasion shall not be construed
as a bar to any right or remedy which the Collateral Agent or such Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of
any other rights or remedies provided by law. 
 8.4. Enforcement Expenses; Indemnification. 
 (a) Each Grantor agrees to pay, or reimburse the Collateral Agent and each Secured Party for, all its costs and expenses incurred in enforcing or
preserving any rights under this Agreement and the other Loan Documents to which such Grantor is a party, including the reasonable fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to the Collateral
Agent and counsel to the each Secured Party. 
 (b) Each Grantor agrees to pay, and to save the Collateral Agent and the Secured Parties
harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection
with any of the transactions contemplated by this Agreement. 
 (c) Each Grantor agrees to pay, and to save the Collateral Agent and the
Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement,
performance and administration of this Agreement on the terms set forth in Section 10.5 of the Credit Agreement. 
 (d) The agreements
in this Section shall survive repayment of the Obligations and all other amounts payable under the Secured Instruments. 
 8.5. Successors
and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Collateral Agent and the Secured Parties and their successors and assigns; provided that no Grantor may
assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Collateral Agent and, unless so consented to, each such assignment, transfer or delegation by any Grantor shall be void.

 8.6. Set-Off. Each Grantor hereby irrevocably authorizes each Secured Party at any time and from time to time while an Event of
Default shall have occurred and be continuing, without notice to such Grantor or any other Grantor, any such notice being expressly waived by each Grantor, to set-off and appropriate and apply any and all deposits (general or special, time or
demand, provisional or 
  

 20 

 
final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent,
matured or unmatured, at any time held or owing by such Secured Party to or for the credit or the account of such Grantor, or any part thereof in such amounts as such Secured Party may elect, against and on account of the obligations and liabilities
of such Grantor to such Secured Party hereunder and claims of every nature and description of such Secured Party against such Grantor, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or otherwise, as
such Secured Party may elect, whether or not any Secured Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. Each Secured Party shall notify such Grantor promptly of any such
set-off and the application made by such Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Secured Party under this Section
are in addition to other rights and remedies (including other rights of set-off) which such Secured Party may have. 
 8.7.
Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the
Borrower, the Administrative Agent and the Collateral Agent. 
 8.8. Severability. Any provision of this Agreement which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 8.9. Section Headings. The
Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 8.10. Integration. This Agreement and the other Secured Instruments represent the entire agreement of the Grantors and the Secured Parties with
respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any Secured Party relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other
Loan Documents. 
 8.11. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 8.12. Submission To Jurisdiction;
Waivers. Each Grantor hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non exclusive general jurisdiction of the Courts of the State of New York, the courts of
the United States of America for the Southern District of New York, and appellate courts from any thereof; 
  

 21 

 (b) consents that any such action or proceeding may be brought in such courts and waives any objection
that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Grantor at its address referred to in Section 8.2 or at such other address of which the Collateral Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue
in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any
legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
 8.13.
Acknowledgements. Each Grantor hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Loan Documents to which it is a party; 
 (b) neither the Collateral Agent nor any Secured Party has
any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Collateral Agent and the Secured
Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created
hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Collateral Agent and the Secured Parties or among the Grantors and the Collateral Agent and the Secured Parties. 
 8.14. Additional Grantors; Supplements to Schedules. (a) Each Subsidiary of the Borrower that is required to become a party to this Agreement
pursuant to Section 6.9 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto. 
 (b) The Grantors shall deliver to the Collateral Agent supplements to the Schedules to this Agreement as necessary to reflect changes thereto arising
after the date hereof. Such supplements shall become part of this Agreement as of the date of delivery to the Collateral Agent. 
 8.15.
Releases. 
 (a) At such time as the Loans and all other Borrower Obligations (other than contingent surviving indemnity obligations in
respect of which no claim or demand has been made and Borrower Hedge Agreement Obligations) have been paid in full, all commitments to extend credit under the Loan Documents have terminated and the Borrower Hedge Agreement Obligations to any
Qualified Counterparty shall have either (i) been paid in full and the Specified Hedge Agreements shall have been terminated or (ii) secured by a collateral arrangement satisfactory to the Qualified Counterparty in its sole discretion, the
Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and 

  

 22 

 
each Grantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall
revert to the Grantors. At the request and sole expense of any Grantor following any such termination, the Collateral Agent shall deliver to such Grantor any Collateral held by the Collateral Agent hereunder and execute and deliver to such Grantor
such documents (in form and substance reasonably satisfactory to the Collateral Agent) as such Grantor may reasonably request to evidence such termination. 
 (b) If any of the Collateral is sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit Agreement, then the Lien created pursuant to this Agreement in such Collateral shall
be released, and the Collateral Agent, at the request and sole expense of such Grantor, shall execute and deliver to such Grantor all releases or other documents reasonably necessary or desirable for the release of such Collateral (not including
Proceeds thereof) from the security interests created hereby. 
 (c) Upon receipt by the Collateral Agent of a written notice from the
Borrower stating that the 2012 Notes Obligations are no longer required to be secured equally and ratably by the Liens securing the Borrower Obligations pursuant to Section 4.11 of the Senior Notes Indenture (which notice shall include evidence
that the Liens securing the Borrower Obligations are “Permitted Liens” under the Senior Notes Indenture), the security interest granted hereunder in favor of the Collateral Agent shall no longer secure the 2012 Notes Obligations and the
definition of “Obligations” shall automatically be amended to no longer include the 2012 Notes Obligations without delivery of any instrument or performance of any act by any party. In the absence of bad faith or willful misconduct on its
part, the Collateral Agent may conclusively rely, as to the truth of the statements and the accuracy of the mathematical calculations stated therein, upon such written notice. 
 8.16. WAIVER OF JURY TRIAL. EACH GRANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE COLLATERAL AGENT AND EACH OTHER SECURED PARTY, HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 8.17. Secured Parties. By accepting the benefits of the Collateral, each of the Secured Parties agrees to be bound by the terms of the Loan
Documents, including, without limitation, Section 9 of the Credit Agreement. 
 8.18. Collateral Trust Agreement; Secured
Instrument. Notwithstanding anything herein to the contrary, each Grantor hereby acknowledges that the lien and security interest granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the
Collateral Agent hereunder are subject to the provisions of the Collateral Trust Agreement. The Collateral Agent shall exercise all powers, discretions, rights and remedies hereunder solely in accordance with the provisions of the Collateral Trust
Agreement. In the event of any conflict or inconsistency between or among the terms of the Collateral Trust Agreement and this Agreement, the terms of the Collateral Trust Agreement shall govern. This Agreement is a Secured Instrument for purposes
of the Collateral Trust Agreement and shall have (unless otherwise expressly indicated herein) been construed, administered and applied in accordance with the terms and provisions thereof. 
  

 23 

 IN WITNESS WHEREOF, each of the undersigned has caused this Collateral Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	ADVANCED MICRO DEVICES, INC.
		
	By:	 	 /s/ Robert J. Rivet

	Name:	 	Robert J. Rivet
	Title:	 	Executive Vice President,
		 	Chief Financial Officer
	
	AMD INTERNATIONAL SALES & SERVICE, LTD.
		
	By:	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Secretary
	
	AMD (U.S.) HOLDINGS, INC.
		
	By:	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Vice President and Secretary

 [Signature Page to Collateral Agreement] 

			
	AMD US FINANCE, INC.
		
	By:	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Secretary

 [Signature Page to Collateral Agreement] 

			
	ATI RESEARCH SILICON VALLEY INC.
		
	By:	 	 /s/ Dave Orton

	Name:	 	Dave Orton
	Title:	 	Director
	
	ATI RESEARCH, INC.
		
	By:	 	 /s/ Patrick Crowley

	Name:	 	Patrick Crowley
	Title:	 	Director
	
	ATI TECHNOLOGIES SYSTEMS CORP.
		
	By:	 	 /s/ Dave Orton

	Name:	 	Dave Orton
	Title:	 	Director

 [Signature Page to Collateral Agreement] 

 Acknowledged and Agreed to: 
 WELLS FARGO BANK, N.A., 
 as Collateral Agent 
  

			
	By:	 	 /s/ Lynn M. Steiner

	Name:	 	Lynn M. Steiner
	Title:	 	Vice President

 [Signature Page to Collateral Agreement]Collateral Trust Agreement

 EXHIBIT 10.3 
 COLLATERAL TRUST AGREEMENT 
 COLLATERAL TRUST AGREEMENT, dated as of October 24, 2006, by and among
ADVANCED MICRO DEVICES, INC., a Delaware corporation (the “Borrower”), the Subsidiaries of the Borrower listed on the signature pages hereof (together with the Borrower and each other Subsidiary of the Borrower which becomes a party
hereto pursuant to Section 6.11, the “Obligors”), and WELLS FARGO BANK, N.A., a national banking association, as collateral agent (the “Collateral Agent”). 
 W I T N E S S E T H: 
 WHEREAS, in order to induce the Lenders to enter into the Credit Agreement, dated as of the date hereof (as amended, supplemented, amended and restated
or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Morgan Stanley
Senior Funding, Inc., as syndication agent, Wells Fargo Bank, N.A., as collateral agent, and Morgan Stanley Senior Funding, Inc., as administrative agent for the Lenders, the Obligors granted Collateral Agent for the benefit of the Secured Parties a
Lien on the Collateral to secure the Credit Agreement Obligations; 
 WHEREAS, pursuant to an Indenture, dated as of October 29, 2004
(as amended, supplemented, amended and restated or otherwise modified from time to time, the “2012 Notes Indenture”), between the Borrower and Wells Fargo Bank, N.A., as trustee (in such capacity, together with any successor in such
capacity, the “Indenture Trustee”), the Borrower issued and sold its 7.75% Senior Notes due 2012 (the “2012 Notes”); 
 WHEREAS, subject to certain exceptions, the 2012 Notes Indenture requires that effective provision be made so that the 2012 Notes be secured equally and ratably with the Credit Agreement Obligations so secured for so
long as the Credit Agreement Obligations are so secured; and 
 WHEREAS, the Collateral Agent has been appointed by the Lenders and the
Indenture Trustee to act as collateral agent with respect to the Collateral and the Secured Instruments and is entering into this Agreement to, among other things, define the rights, duties, authority and responsibilities of the Collateral Agent and
the relationships among the Secured Parties regarding their interests in the Collateral; 
 NOW, THEREFORE, in consideration of the premises
and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 DECLARATION OF TRUST: 
 NOW, THEREFORE, in order to secure the payment of the Secured Obligations and in consideration of the
promises and the mutual agreements set forth herein, the Collateral Agent does hereby declare that it holds and will hold as trustee in trust under this Agreement all of its 

 
right, title and interest in, to and under the Security Documents and the collateral granted to the Collateral Agent thereunder whether now existing or
hereafter arising (and each Obligor does hereby consent thereto). 
 TO HAVE AND TO HOLD the Security Documents and the entire Collateral
(the right, title and interest of the Collateral Agent in the Security Documents and the Collateral being hereinafter referred to as the “Trust Estate”) unto the Collateral Agent and its successors in trust under this Agreement and
its assigns and assigns forever. 
 IN TRUST NEVERTHELESS, under and subject to the conditions herein set forth and for the benefit of the
Secured Parties, and for the enforcement of the payment of all Secured Obligations, and as security for the performance of and compliance with the covenants and conditions of this Agreement, each of the Secured Instruments and each of the Security
Documents. 
 PROVIDED, HOWEVER, that these presents are upon the condition that if the conditions set forth in
Section 6.10 shall be satisfied, then this Agreement, and the estates and rights hereby assigned, shall cease, determine and be void; otherwise they shall remain and be in full force and effect. 
 IT IS HEREBY FURTHER COVENANTED AND DECLARED, that the Trust Estate is to be held and applied by the Collateral Agent, subject to the further covenants,
conditions and trusts hereinafter set forth. 
 SECTION 1. 
 DEFINITIONS 
 (a) The capitalized terms used herein which are defined in, or by reference in, Schedule I
hereto shall have the meanings specified therein. 
 (b) The words “hereof”, “herein” and “hereunder” and words
of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and section, clause, schedule and exhibit references are to this Agreement unless otherwise specified.

 (c) The term “including” is not limiting and means “including without limitation.” 
 SECTION 2. 
 ACTIONS BY THE COLLATERAL AGENT

 2.1. General Authority of the Collateral Agent over the Collateral. Each Obligor hereby irrevocably constitutes and appoints the
Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in the name of such Obligor or in its own name, to take any and all appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to carry out the terms of this Agreement and the Security Documents and accomplish the purposes hereof and thereof and, without limiting the generality of the foregoing, each Obligor hereby
acknowledges that the Collateral Agent shall have all powers and remedies set forth in the Security Documents; provided that the 
  

 2 

 
Collateral Agent and the Secured Parties agree, solely for their own mutual benefit (and not for the benefit of any Obligor), that the Collateral Agent shall
exercise all of its powers, rights and remedies with respect to the Obligors and the Collateral under the Secured Instruments solely in accordance with Requisite Instructions. 
 2.2. Right to Initiate Judicial Proceedings. Without limiting any provision contained in Section 2.1, the Collateral Agent, subject to
the provisions of clause (b) of Section 2.4, (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this
Agreement and each Security Document and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree
of a court of competent jurisdiction, in the case of each of clauses (i) and (ii), solely in accordance with Requisite Instructions delivered to the Collateral Agent. 
 2.3.Exercise of Powers; Requisite Instructions. (a) All of the powers, rights and remedies of the Collateral Agent set forth in this
Agreement may be exercised by the Collateral Agent in respect of any Security Document as though set forth in full therein, and all of the powers, rights and remedies of the Collateral Agent and the Administrative Agent as set forth in any Security
Document may be exercised from time to time as set forth herein and therein; provided that the Collateral Agent shall exercise all such powers, rights and remedies solely in accordance with Requisite Instructions delivered to the Collateral
Agent, and shall not exercise any such powers, rights or remedies unless it shall have received Requisite Instructions requiring such exercise. 
 (b) The Control Party shall have the right, by delivery of Requisite Instructions to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of
exercising any trust or power conferred on the Collateral Agent, or for the appointment of a receiver, or to direct the taking or the refraining from taking of any action authorized by this Agreement or any Security Document; provided that
(i) such Requisite Instructions shall not conflict with any provision of law or of this Agreement, any Security Document, the Credit Agreement or the 2012 Notes Indenture (including, without limitation Section 4.11 of the 2012 Notes
Indenture) or the 2012 Notes and (b) the Collateral Agent shall be adequately secured and indemnified as provided in clause (d) of Section 5.4. 
 2.4.Remedies Not Exclusive. (a) No remedy conferred upon or reserved to the Collateral Agent herein or in the Security Documents is intended
to be exclusive of any other remedy or remedies, but every such remedy shall be cumulative and shall be in addition to every other remedy conferred herein or in any Security Document or now or hereafter existing at law or in equity or by statute;
provided that the Collateral Agent shall exercise any and all remedies solely in accordance with Requisite Instructions delivered to the Collateral Agent. 
 (b) No delay or omission by the Collateral Agent to exercise any right, remedy or power hereunder or under any Security Document shall impair any such right, remedy or power or shall be construed to be a waiver
thereof, and every right, power and remedy given by this Agreement or any Security Document to the Collateral Agent may be exercised from time to time and as often as may be deemed expedient by the Collateral Agent; provided that the
Collateral Agent shall exercise all such powers, rights and remedies solely in accordance with Requisite Instructions delivered to the Collateral Agent. 
  

 3 

 (c) If the Collateral Agent shall have proceeded to enforce any right, remedy or power under this
Agreement or any Security Document and the proceeding for the enforcement thereof shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Collateral Agent, then the Obligors, the Collateral Agent and
the Secured Parties shall, subject to any determination in such proceeding, severally and respectively be restored to their former positions and rights hereunder or thereunder with respect to the Trust Estate and in all other respects, and
thereafter all rights, remedies and powers of the Collateral Agent shall continue as though no such proceeding had been taken. 
 (d) All
rights of action and of asserting claims upon or under this Agreement and the Security Documents may be enforced by the Collateral Agent without the possession of any Secured Instrument or instrument evidencing any Secured Obligation or the
production thereof at any trial or other proceeding relative thereto, and any suit or proceeding instituted by the Collateral Agent shall be, subject to clause (d) of Section 5.3 and clause (b)(ii) of
Section 5.9, brought in its name as Collateral Agent and any recovery of judgment shall be held as part of the Trust Estate. 
 2.6. Limitation by Law. All rights, remedies and powers provided herein may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions hereof are intended to be
subject to all applicable mandatory provisions of law which may be controlling and to be limited to the extent necessary so that they will not render this Agreement invalid, unenforceable in whole or in part or not entitled to be recorded,
registered or filed under the provisions of any applicable law. 
 2.6. Rights of Secured Parties under Secured Instruments.
Notwithstanding any other provision of this Agreement or any Security Document, the right of each Secured Party to receive payment of the Secured Obligations held by such Secured Party when due (whether at the stated maturity thereof, by
acceleration or otherwise) as expressed in the related Secured Instrument or other instrument evidencing or agreement governing a Secured Obligation or to institute suit for the enforcement of such payment on or after such due date, and the
obligation of the Obligors to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured Party given in the manner prescribed by the Secured Instrument pursuant to which such Secured Obligation is
outstanding. 
 SECTION 3. 
 COLLATERAL ACCOUNT; DISTRIBUTIONS 
 3.1. The Collateral Account. On the date hereof there shall be established and, at all
times thereafter until the trusts created by this Agreement shall have terminated, there shall be maintained with the Collateral Agent at the office of the Collateral Agent’s corporate trust division an account which shall be entitled the
“Advanced Micro Devices Collateral Account” (the “Collateral Account”). All moneys which are required by this Agreement or any Security Document to be delivered to the Collateral Agent or which are received by the
Collateral Agent or any agent or nominee of the Collateral Agent in respect of the Collateral, whether in 
  

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connection with the exercise of the remedies provided in this Agreement or any Security Document or otherwise, shall be deposited in the Collateral Account
and held by the Collateral Agent as part of the Trust Estate and applied in accordance with the terms of this Agreement (including Section 3.4). Notwithstanding the foregoing, all moneys received by the Collateral Agent when no Event of
Default exists shall promptly be paid over to the Obligors in accordance with their respective interests. 
 3.2.Control of Collateral
Account. All right, title and interest in and to the Collateral Account shall vest in the Collateral Agent, and funds on deposit in the Collateral Account shall constitute part of the Trust Estate. The Collateral Account shall be subject to the
exclusive dominion and control of the Collateral Agent. 
 3.3.Investment of Funds Deposited in Collateral Account. The Collateral
Agent shall, in accordance with Requisite Instructions delivered to the Collateral Agent, invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalents. All such investments and the interest and income received
thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account as part of the Trust Estate. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments.
In the absence of any Requisite Instructions, the Collateral Agent shall have no obligation to invest or reinvest moneys. 
 3.4.
Application of Moneys. (a) The Collateral Agent shall have the right (pursuant to Section 4.6) at any time to apply moneys held by it in the Collateral Account to the payment of due and unpaid Collateral Agent Fees.
Notwithstanding anything to the contrary contained herein, the Collateral Agent shall, pursuant to Requisite Instructions, transfer money held by it in the Collateral Account to any depository bank of any Obligor in accordance with any control
agreement entered into with such depository bank pursuant to the Collateral Agreement, solely to reimburse such depository bank for checks, ACH transfers and other items which are recalled, dishonored, reversed or returned to such depository bank in
respect of any deposit account subject to any such control agreement. 
 (b) All remaining moneys held by the Collateral Agent in the
Collateral Account or received by the Collateral Agent while an Event of Default exists shall, to the extent available for distribution (it being understood that the Collateral Agent may liquidate investments prior to maturity in order to make a
distribution pursuant to this Section 3.4), be promptly distributed (subject to the provisions of Section 3.5) by the Collateral Agent in the following order of priority: 
 First: to the Collateral Agent for any unpaid Collateral Agent Fees and then to any Secured Party which has theretofore advanced or
paid any Collateral Agent Fees constituting administrative expenses allowable under Section 503(b) of the Bankruptcy Code, an amount equal to the amount thereof so advanced or paid by such Secured Party and for which such Secured Party has not
been previously reimbursed; 
 Second: to any Secured Party which has theretofore advanced or paid any Collateral Agent
Fees other than such administrative expenses, an amount equal to the amount thereof so advanced or paid by such Secured Party and for which such Secured Party has not been previously reimbursed; 
  

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 Third: to the Secured Parties in an amount equal to (i) in the case of
holders of the Credit Agreement Obligations (other than with respect to Specified Hedge Agreements) and the 2012 Notes and the 2012 Indenture, the unpaid principal of, unpaid interest on and other unpaid charges, if any, in respect of such Secured
Obligations then outstanding whether or not then due and payable, and (ii) in the case of holders of Credit Agreement Obligations with respect to Specified Hedge Agreements, the amount of credit exposure of such holders under such Specified
Hedge Agreements; and, in any case, if such moneys shall be insufficient to pay such amounts in full, then ratably (without priority of any one over any other) to the Secured Parties in proportion to such amounts; provided that, for purposes
hereof, the “credit exposure” at any time of any Secured Party with respect to a Specified Hedge Agreement to which such Secured Party is a party shall be determined (a) in accordance with any applicable schedule between the
applicable Obligor and such Secured Party, if any, or (b) otherwise at such time in accordance with the customary methods of calculating credit exposure under similar arrangements by the counterparty to such arrangements, so long as such
Specified Hedge Agreement has been terminated by the applicable counterparty; 
 Fourth: to the Secured Parties,
amounts equal to all other sums which constitute Secured Obligations, including the reasonable costs and expenses of the Secured Parties and their representatives which are due and payable under the relevant Secured Instruments and which constitute
Secured Obligations as of the date of distribution, and, if such moneys shall be insufficient to pay such sums in full, then ratably to the Secured Parties in proportion to such sums; and 
 Fifth: any surplus then remaining shall be paid to the Obligors or their successors or assigns or to whomsoever may be lawfully
entitled to receive the same or as a court of competent jurisdiction may direct. 
 (c) The term “unpaid” as used in clause
(b) of this Section 3.4 refers: 
 (i) in the absence of a bankruptcy proceeding with respect to the
applicable Obligor, to all the outstanding Secured Obligations, and 
 (ii) during the pendency of a bankruptcy proceeding
with respect to the applicable Obligor, to all amounts allowed by the bankruptcy court in respect of Secured Obligations as a basis for distribution (including estimated amounts, if any, allowed in respect of contingent claims), 
 to the extent that prior distributions (whether actually distributed or set aside pursuant to Section 3.5) have not been made in respect
thereof. 
 (d) The Collateral Agent shall make all payments and distributions under this Section 3.4: (i) on account of
Credit Agreement Obligations, to the Administrative Agent for re-distribution among the holders of the Credit Agreement Obligations in accordance with the provisions of the Credit Agreement, (ii) on account of the 2012 Notes (subject to
Section 3.5), to 
  

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 the Indenture Trustee for re-distribution among the holders of the 2012 Notes in accordance with the provisions of the
2012 Notes Indenture and (iii) to the Obligors pursuant to sub-clause sixth of clause (b) of Section 3.4, as directed in writing by the Borrower. 
 3.5. Application of Moneys Distributable to Indenture Trustee. If at any time any moneys collected or received by the Collateral Agent pursuant to
this Agreement are distributable pursuant to Section 3.4 to the Indenture Trustee, and if the Indenture Trustee shall notify the Collateral Agent in writing that no provision is made under the 2012 Notes Indenture for the application by
such Indenture Trustee of such moneys (whether because the Secured Obligations issued under the 2012 Notes Indenture have not become due and payable or otherwise) and that the 2012 Notes Indenture does not effectively provide for the receipt and the
holding by the Indenture Trustee of such moneys pending the application thereof, then the Collateral Agent, after receipt of such notification, shall, at the direction of the Indenture Trustee, invest and reinvest such amounts in Cash Equivalents
maturing within 90 days after they are acquired by the Collateral Agent and shall hold all such amounts so distributable and all such investments and the net proceeds thereof in trust solely for the Indenture Trustee (in its capacity as trustee) and
for no other purpose until such time as the Indenture Trustee shall request in writing the delivery thereof by the Collateral Agent for application pursuant to the 2012 Notes Indenture. The Collateral Agent shall not be responsible for any
diminution in funds resulting from investments made at the direction of the Indenture Trustee or from holding such monies uninvested. 
 3.6.
Collateral Agent’s Calculations. In making the determinations and allocations required by Section 3.4, the Collateral Agent may conclusively rely upon information supplied by the Administrative Agent as to the amounts payable
with respect to Credit Agreement Obligations and upon information supplied by the Indenture Trustee as to the amounts payable with respect to the 2012 Notes, and the Collateral Agent shall have no liability to any of the Secured Parties for actions
taken in reliance on such information. If, in the sole discretion of the Collateral Agent, the distribution of any amount received by the Collateral Agent in such capacity hereunder or under the Security Documents might involve the Collateral Agent
in liability, or might be prohibited hereby, or might be contrary to any law, rule or regulation, the Collateral Agent may refrain from making distribution until the Collateral Agent’s right to make such distribution has been adjudicated by a
court of competent jurisdiction. All distributions made by the Collateral Agent pursuant to Section 3.4 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Collateral Agent shall
have no duty to inquire as to the application by the Administrative Agent or the Indenture Trustee of any amounts distributed to them by the Collateral Agent hereunder. 
 3.7. Pro Rata Sharing. If, through the operation of any bankruptcy, reorganization, insolvency or other laws or otherwise, the Collateral Agent’s security interest hereunder and under the Security
Documents is enforced with respect to some, but not all, of the Secured Obligations then outstanding, the Collateral Agent shall nonetheless apply the Proceeds of the Collateral for the benefit of the holders of all Secured Obligations in the
proportions and subject to the priorities specified in Section 3.4. To the extent that the Collateral Agent distributes Proceeds collected with respect to Secured Obligations held by one holder to or on behalf of Secured Obligations held
by a second holder, the first holder shall be deemed to have purchased a participation in the Secured Obligations held by the second holder, or shall be subrogated to the rights of the second holder to receive any subsequent payments and
distributions made with respect to the portion thereof paid or to be paid by the application of such Proceeds. 
  

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 SECTION 4. 
 AGREEMENTS WITH COLLATERAL AGENT 
 4.1. Information as to Secured Parties, Administrative Agent and
Indenture Trustee. The Borrower shall deliver to the Collateral Agent from time to time after an Event of Default has occurred and is continuing under the Credit Agreement or the 2012 Notes Indenture, upon request of the Collateral Agent, a list
setting forth as of a date not more than 30 days prior to the date of such delivery, (i) the aggregate unpaid principal amount of Credit Agreement Obligations outstanding and the name and address of the Administrative Agent, and (ii) the
aggregate unpaid principal amount of 2012 Notes outstanding under the Indenture and the name and address of the Indenture Trustee thereunder. In addition, the Borrower will promptly notify the Collateral Agent of each change in the identity of the
Administrative Agent or the Indenture Trustee. On or prior to the date hereof, the Administrative Agent will deliver to the Collateral Agent the names of its officers that are authorized to give directions hereunder on behalf of the Administrative
Agent. The Borrower will request that the Administrative Agent notify the Collateral Agent of any change in such officers prior to the date of any such change. If the Collateral Agent does not receive the names of such officers, the Collateral Agent
may rely on any person purporting to be authorized to give directions hereunder on behalf of the Administrative Agent. If the Collateral Agent is not informed of changes in the officers of the Administrative Agent, the Collateral Agent may rely on
the information previously provided to the Collateral Agent. 
 4.2. Compensation and Expenses. The Borrower agrees to pay to the
Collateral Agent, from time to time within 30 days following receipt of an invoice therefor all of the fees (as set forth in the separate correspondence between the Borrower and the Collateral Agent), costs and expenses of the Collateral Agent
(including the fees and disbursements of its counsel, advisors and agents which, in the case of the immediately succeeding clause (A) only, shall be reasonable) (A) arising in connection with the preparation, execution, delivery,
modification, and termination of this Agreement and each Security Document or the enforcement of any of the provisions hereof or thereof, or (B) incurred or required to be advanced in connection with the administration of the Trust Estate, the
sale or other disposition of Collateral pursuant to any Security Document and the preservation, protection or defense of the Collateral Agent’s rights under this Agreement and the Security Documents and in and to the Collateral and the Trust
Estate. Such fees, costs and expenses are intended to constitute expenses of administration under any bankruptcy law relating to creditors rights generally. The obligations of the Borrower under this Section 4.3 shall survive the
termination of the other provisions of this Agreement and the resignation or removal of the Collateral Agent. 
 4.3. Stamp and Other
Similar Taxes. The Borrower agrees to indemnify and hold harmless the Collateral Agent, the Administrative Agent, the Indenture Trustee and each Secured Party from any present or future claim for liability for any stamp or any other similar tax,
and any penalties or interest with respect thereto, which may be assessed, levied or collected by any jurisdiction in connection with this Agreement, any Security Document, the Trust Estate or any Collateral. The obligations of the Borrower under
this Section 4.4 shall survive the termination of the other provisions of this Agreement and the resignation or removal of the Collateral Agent. 
  

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 4.4. Filing Fees, Excise Taxes, Etc. The Borrower agrees to pay or to reimburse the Collateral
Agent for any and all payments made by the Collateral Agent in respect of all search, filing, recording and registration fees, taxes, excise taxes and other similar imposts which may be payable in respect of the execution and delivery of this
Agreement and each Security Document. The obligations of the Borrower under this Section 4.5 shall survive the termination of the other provisions of this Agreement and the resignation or removal of the Collateral Agent. 
 4.5. Indemnification. The Borrower agrees to pay, indemnify, and hold the Collateral Agent, the Administrative Agent and the Indenture Trustee
harmless from and against any and all Indemnified Liabilities (as defined in the Credit Agreement) with respect to the execution, delivery, enforcement, performance and administration of this Agreement and the Security Documents, except for
Indemnified Liabilities resulting from the gross negligence or willful misconduct of such indemnified party. In any suit, proceeding or action brought by the Collateral Agent under or with respect to any contract, agreement, interest or obligation
constituting part of the Collateral for any sum owing thereunder, or to enforce any provisions thereof, the Borrower will save, indemnify and keep the Collateral Agent, the Administrative Agent, the Indenture Trustee and the Secured Parties harmless
from and against all expense, loss or damage suffered by reason of any defense, setoff, counterclaim, recoupment or reduction of liability whatsoever of the obligor thereunder, arising out of a breach by any Obligor of any obligation thereunder or
arising out of any other agreement, indebtedness or liability at any time owing to or in favor of the obligor thereunder or its successors by any Obligor, and all such obligations of the Borrower shall be and remain enforceable against and only
against the Borrower and shall not be enforceable against the Collateral Agent, the Administrative Agent, the Indenture Trustee or any Secured Party. The agreements in this Section 4.6 shall survive the termination of the other
provisions of this Agreement and the resignation or removal of the Collateral Agent. 
 4.6. Collateral Agent’s Lien.
Notwithstanding anything to the contrary in this Agreement, as security for the payment of Collateral Agent Fees, (i) the Collateral Agent is hereby granted a Lien upon all Collateral and (ii) the Collateral Agent shall have the right (in
accordance with clause (a) of Section 3.4) to use and apply any of the funds held by the Collateral Agent in the Collateral Account to cover such Collateral Agent Fees. In addition to the foregoing application right, the
Collateral Agent shall have all of the rights and remedies of a secured creditor set forth in the UCC. The provisions of this Section 4.7 will survive the termination of the other provisions of this Agreement and the Collateral Documents
and the resignation or removal of the Collateral Agent and shall continue until all of the Collateral Agent Fees are paid in full in cash. 
 4.7. Further Assurances. At any time and from time to time, upon the written request of the Administrative Agent, the Indenture Trustee, or Collateral Agent, and at the expense of each Obligor, the Borrower will promptly execute and
deliver any and all such further instruments and documents and take such further action as is necessary or reasonably requested to obtain the full benefits of this Agreement and the Security Documents and the rights and powers herein and therein
granted, and to perfect, or to protect the perfection of, the Liens granted under the Security Documents, including the filing of any financing or continuation statement under the UCC. Each Obligor also hereby authorizes the Collateral Agent to sign
and the Administrative Agent, the Indenture Trustee, or the Collateral Agent to file any such 
  

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financing or continuation statement without the signature of such Obligor to the extent permitted by applicable law. Notwithstanding the foregoing, in no
event shall the Collateral Agent have any obligation to monitor the perfection or continuation of perfection or the sufficiency or validity of any Lien on any Collateral or to protect the perfection of the Liens granted under the Security Documents,
including the filing of any such financing or continuation statement. 
 SECTION 5. 
 THE COLLATERAL AGENT 
 5.1. Acceptance of Trust. The Collateral Agent, for
itself and its successors, hereby accepts the trusts created by this Agreement upon the terms and conditions hereof. The Collateral Agent also hereby acknowledges and accepts its appointment to act as collateral agent for the Lenders and the
Indenture Trustee. 
 5.2. Exculpatory Provisions. (a) The Collateral Agent shall not be responsible in any manner whatsoever for
the correctness of any recitals, statements, representations or warranties herein or in any Security Document, all of which are made solely by the Obligors. The Collateral Agent makes no representations as to the value or condition of the Trust
Estate or any part thereof, or as to the title of any Obligor thereto or as to the security afforded by this Agreement or any Security Document, or as to the validity, execution (except its own execution), enforceability, legality or sufficiency of
this Agreement, the Security Documents, the Secured Obligations or any Lien purported to be granted under any Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters to any other Secured
Party, any Obligor or any other Person. 
 (b) The Collateral Agent shall not be required to ascertain or inquire as to the performance by
any Obligor of any of the covenants or agreements contained herein or in any Security Document or Secured Instrument. Whenever it is necessary, or in the opinion of the Collateral Agent advisable, for the Collateral Agent to ascertain the amount of
Secured Obligations then held by Secured Parties, the Collateral Agent may rely on a certificate of the Indenture Trustee, in the case of the 2012 Notes, or a certificate of the Administrative Agent, in the case of Credit Agreement Obligations, and,
if the Indenture Trustee or the Administrative Agent shall not give such information to the Collateral Agent, it shall not be entitled to receive distributions hereunder (in which case distributions to those Persons who have supplied such
information to the Collateral Agent shall be calculated by the Collateral Agent using, for those Persons who have not supplied such information, the list then most recently delivered by the Borrower pursuant to Section 4.2), and the
amount so calculated to be distributed to the Person who fails to give such information shall be held in trust for such Person until such Person does supply such information to the Collateral Agent, whereupon the amount distributable to such Person
shall be recalculated using such information and distributed to it. 
 (c) The Collateral Agent shall be under no obligation or duty to take
any action under this Agreement or any Security Document if taking such action (i) would subject the Collateral Agent to a tax in any jurisdiction where it is not then subject to a tax or (ii) would require the Collateral Agent to qualify
to do business in any jurisdiction where it is not then so qualified, unless the Collateral Agent receives security or indemnity satisfactory to it against such tax (or equivalent liability), or any liability resulting from such qualification, in
each case as results from the taking of such action under this Agreement or any Security Document. 
  

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 (d) The Collateral Agent shall have the same rights with respect to any Secured Obligation held by it as
any other Secured Party and may exercise such rights as though it were not the Collateral Agent hereunder, and may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with any of the Obligors as if it
were not the Collateral Agent. 
 (e) Subject to the provisions of the Security Documents concerning the Collateral Agent’s duty of care
with respect to the Collateral, the Collateral Agent shall not be liable for any action taken or omitted to be taken in accordance with this Agreement or any Security Document except to the extent any such liability was caused by the Collateral
Agent’s gross negligence or willful misconduct. The Collateral Agent’s sole duty with respect to the safekeeping and physical preservation of the Collateral in its possession shall be as set forth in Section 7.2 of the Collateral
Agreement. 
 (f) Delegation of Duties. The Collateral Agent may execute any of the trusts or powers hereof and perform any duty
hereunder either directly or by or through agents or attorneys-in-fact. The Collateral Agent shall be entitled to advice of counsel concerning all matters pertaining to such trusts, powers and duties. The Collateral Agent shall not be responsible
for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or willful misconduct. 
 5.3.
Reliance by Collateral Agent. (a) Whenever in the administration of this Agreement or the Security Documents the Collateral Agent shall deem it necessary that a factual matter be proved or established by any Obligor, any Secured Party or
any other Person in connection with the Collateral Agent taking, suffering or omitting any action hereunder or thereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed) may be deemed to be conclusively
proved or established by a certificate of a Responsible Officer, such Secured Party or such other Person delivered to the Collateral Agent, and such certificate shall be full warrant to the Collateral Agent for any action taken, suffered or omitted
in reliance thereon, subject, however, to the provisions of Section 5.4. 
 (b) The Collateral Agent may consult with counsel,
and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder or under any Security Document in accordance therewith. The Collateral Agent shall have the right at any
time to seek instructions concerning the administration of this Agreement and the Security Documents from any court of competent jurisdiction. 
 (c) The Collateral Agent may rely, and shall be fully protected in acting, upon any resolution, statement, certificate, instrument, opinion, report, notice, request, consent, order, bond or other paper or document which it in good faith
believes to be genuine and to have been signed or presented by the proper party or parties or, in the case of cables, telecopies and telexes, to have been sent by the proper party or parties. In the absence of its own gross negligence or willful
misconduct, the Collateral Agent may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Collateral Agent and conforming to the requirements
of this Agreement. 
  

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 (d) The Collateral Agent shall not be under any obligation to exercise any of the rights or powers vested
in the Collateral Agent by this Agreement and the Security Documents, at the request or direction of the Control Party by delivery of Requisite Instructions, pursuant to this Agreement or otherwise, unless the Collateral Agent shall have been
provided adequate security and indemnity against the costs, expenses and liabilities which may be incurred by the Collateral Agent in compliance with such request or direction, including such reasonable advances as may be requested by the Collateral
Agent. 
 (e) Upon any application or demand by any Obligor (except any such application or demand which is expressly permitted to be made
orally) to the Collateral Agent to take or permit any action under any of the provisions of this Agreement or any Security Document, the Borrower shall furnish to the Collateral Agent a certificate of an Responsible Officer and, if requested by the
Collateral Agent, an Opinion of Counsel stating that all conditions precedent, if any, provided for in this Agreement, in any relevant Security Document or in the Credit Agreement relating to the proposed action have been complied with, and in the
case of any such application or demand as to which the furnishing of any document is specifically required by any provision of this Agreement or a Security Document relating to such particular application or demand, such additional document shall
also be furnished. 
 (f) Any Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate of an Responsible
Officer or representations made by an Responsible Officer in a writing filed with the Collateral Agent. 
 5.4. Limitations on Duties of
Collateral Agent. (a) The Collateral Agent shall be obligated to perform such duties and only such duties as are specifically set forth in this Agreement and the Security Documents, and no implied covenants or obligations shall be read into
this Agreement or any Security Document against the Collateral Agent. The Collateral Agent may, subject to the provisions of clause (b) of Section 2.4, exercise the rights and powers vested in the Collateral Agent by this
Agreement and the Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with Requisite Instructions delivered to the Collateral Agent. 
 (b) Except as herein otherwise expressly provided, the Collateral Agent shall not be under any obligation to take any action which is discretionary with
the Collateral Agent under the provisions hereof or of any Security Document in accordance with Requisite Instructions delivered to the Collateral Agent. The Collateral Agent shall make available for inspection and copying by the Administrative
Agent and the Indenture Trustee each certificate or other paper furnished to the Collateral Agent by any of the Obligors under or in respect of this Agreement or any Security Document or any of the Collateral. 
 (c) No provision of this Agreement or of any Security Document shall be deemed to impose any duty or obligation on the Collateral Agent to perform any
act or acts or exercise any right, power, duty or obligation conferred or imposed on it, in any jurisdiction in which it shall be illegal, or in which the Collateral Agent shall be unqualified or incompetent to perform any 

  

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such act or acts or to exercise any such right, power, duty or obligation or if such performance or exercise would constitute doing business by the
Collateral Agent in such jurisdiction or impose a tax on the Collateral Agent by reason thereof or would require the Collateral Agent to risk its own funds or otherwise incur any financial liability in the performance of its duties hereunder.

 (d) Neither the Collateral Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to
ascertain, inquire into or verify (i) any statement, warranty or representation made by any Obligor or any Secured Party in connection with this Agreement or any Security Document, (ii) the performance or observance of any of the covenants
or agreements of any Obligor under this Agreement or any Security Document or the satisfaction of any condition specified in any such document, (iii) the existence or possible existence of any Event of Default, or (iv) the validity,
effectiveness or genuineness of this Agreement, any Security Document or any other instrument or writing furnished in connection herewith or therewith. The Collateral Agent shall not be responsible to any Secured Party for the perfection or priority
of any Lien on any of the Collateral, for the execution, effectiveness, genuineness, validity, legality, enforceability, collectability or sufficiency of any of the Security Documents or the transactions contemplated thereby, or for the financial
condition of any Obligor. 
 5.5. Moneys to be Held in Trust. All moneys received by the Collateral Agent under or pursuant to any
provision of this Agreement or any Security Document (except Collateral Agent Fees) shall be held in trust for the purposes for which they were paid or are held. 
 5.6. Resignation and Removal of the Collateral Agent. (a) The Collateral Agent may at any time, by giving at least 90 days’ prior written notice (or such lesser period as may be agreed by the
Borrower, the Administrative Agent and the Indenture Trustee) to the Borrower, the Indenture Trustee and the Administrative Agent, resign and be discharged of the responsibilities hereby created, such resignation to become effective upon
(i) the appointment of a successor Collateral Agent, (ii) the acceptance of such appointment by such successor Collateral Agent and (iii) the approval of such successor Collateral Agent evidenced by one or more instruments signed by
the Administrative Agent, the Indenture Trustee and, unless an Event of Default shall have occurred and be continuing, the Borrower (which approval of the Borrower shall not be unreasonably withheld or delayed). If no successor Collateral Agent
shall be appointed and shall have accepted such appointment within 90 days after the Collateral Agent gives the aforesaid notice of resignation, the Collateral Agent, the Indenture Trustee or the Administrative Agent may apply to any court of
competent jurisdiction to appoint a successor Collateral Agent to act until such time, if any, as a successor Collateral Agent shall have been appointed as provided in this Section 5.6. Any successor so appointed by such court shall
immediately and without further act be superseded by any successor Collateral Agent appointed by the Administrative Agent as provided in clause (b) of this Section 5.6. The Administrative Agent may, at any time upon giving at
least 30 days’ prior written notice thereof to the Collateral Agent, in conjunction with the resignation or removal of the Indenture Trustee under the 2012 Indenture, and so long as no Event of Default has occurred and is continuing under the
Credit Agreement or the 2012 Notes Indenture, with the approval of the Borrower (which approval may not be unreasonably withheld or delayed), remove the Collateral Agent and appoint a successor Collateral Agent, such removal to be effective upon the
appointment of a successor Collateral Agent as provided by clause (b) of this Section 5.6 and acceptance of such appointment by the successor. The Collateral Agent shall be entitled to Collateral Agent Fees to the extent
incurred or arising, or relating to events occurring, before such resignation or removal. 
  

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 (b) If at any time the Collateral Agent shall resign or be removed or otherwise become incapable of
acting, or if at any time a vacancy shall occur in the office of the Collateral Agent for any other cause, a successor Collateral Agent may be appointed by the Administrative Agent. The powers, duties, authority and title of the predecessor
Collateral Agent shall be terminated and cancelled without procuring the resignation of such predecessor and without any other formality (except as may be required by applicable law) than appointment and designation of a successor in writing duly
acknowledged and delivered to the predecessor and the Borrower. Such appointment and designation shall be full evidence of the right and authority to make the same and of all the facts therein recited, and this Agreement and the Security Documents
shall vest in such successor, without any further act, deed or conveyance, all the estates, properties, rights, powers, trusts, duties, authority and title of its predecessor; but such predecessor shall, nevertheless, on the written request of the
Administrative Agent, the Borrower, or the successor, execute and deliver an instrument transferring to such successor all the estates, properties, rights, powers, trusts, duties, authority and title of such predecessor hereunder and under the
Security Documents and shall deliver all Collateral held by it or its agents to such successor. Should any deed, conveyance or other instrument in writing from any Obligor be required by any successor Collateral Agent for more fully and certainly
vesting in such successor the estates, properties, rights, powers, trusts, duties, authority and title vested or intended to be vested in the predecessor Collateral Agent, any and all such deeds, conveyances and other instruments in writing shall,
on request of such successor, be executed, acknowledged and delivered by such Obligor. If such Obligor shall not have executed and delivered any such deed, conveyance or other instrument within 10 days after it shall have received a written request
from the successor Collateral Agent to do so, or if an Event of Default shall have occurred and be continuing, the predecessor Collateral Agent may execute the same on behalf of such Obligor. Each Obligor hereby appoints any predecessor Collateral
Agent as its agent and attorney to act for it as provided in the immediately preceding sentence. 
 5.7. Status of Successor Collateral
Agent. Every successor Collateral Agent appointed pursuant to Section 5.6 shall be a bank or trust company in good standing and having power to act as Collateral Agent hereunder, incorporated under the laws of the United States of
America or any State thereof or the District of Columbia and having its principal corporate trust office within the 48 contiguous States and shall also have capital, surplus and undivided profits of not less than $500,000,000. 
 5.8. Merger of the Collateral Agent. Any corporation into which the Collateral Agent may be merged, or with which it may be consolidated, or any
corporation resulting from any merger or consolidation to which the Collateral Agent shall be a party, or any entity to which the Collateral Agent shall sell or otherwise transfer its corporate trust business, shall be Collateral Agent under this
Agreement and the Security Documents without the execution or filing of any paper or any further act on the part of the parties hereto. 
 5.9. Co-Collateral Agent; Separate Collateral Agent. (a) If at any time (i) it shall be necessary or prudent in order to conform to any law of any jurisdiction in which any of the Collateral shall be located to avoid any
violation of law or imposition on the Collateral Agent of 
  

 14 

 
taxes by such jurisdiction not otherwise imposed on the Collateral Agent, (ii) the Collateral Agent shall be advised by counsel, satisfactory to it,
that it is necessary or prudent in the interest of the Secured Parties, (iii) the Administrative Agent shall in writing so request the Collateral Agent and the Obligors, or (iv) the Collateral Agent shall deem it desirable for its own
protection in the performance of its duties hereunder or under any Security Document, the Collateral Agent and the Obligors shall execute and deliver all instruments and agreements necessary or proper to constitute another bank or trust company, or
one or more persons approved by the Collateral Agent and the Obligors, either to act as co-collateral agent or co-collateral agents of all or any of the Collateral under this Agreement or under any of the Security Documents, jointly with the
Collateral Agent originally named herein or therein or any successor Collateral Agent, or to act as separate collateral agent or collateral agents of any of the Collateral. If any Obligor shall not have joined in the execution of such instruments
and agreements within 10 days after it receives a written request from the Collateral Agent to do so, or if an Event of Default shall have occurred and be continuing, the Collateral Agent may act under the foregoing provisions of this clause
(a) without the concurrence of the Obligors and execute and deliver such instruments and agreements on behalf of such Obligor. Each Obligor hereby appoints the Collateral Agent as its agent and attorney to act for it under the foregoing
provisions of this clause (a) in either of such contingencies. 
 (b) Every separate collateral agent and every co-collateral
agent, other than any successor Collateral Agent appointed pursuant to Section 5.6, shall, to the extent permitted by law, be appointed and act and be such, subject to the following provisions and conditions: 
 (i) all rights, powers, duties and obligations conferred upon the Collateral Agent in respect of the custody, control and management of
moneys, papers or securities shall be exercised solely by the Collateral Agent or any agent appointed by the Collateral Agent; 
 (ii) all rights, powers, duties and obligations conferred or imposed upon the Collateral Agent hereunder and under the relevant Security Document or Documents shall be conferred or imposed and exercised or performed by the Collateral Agent
and such separate collateral agent or separate collateral agents or co-collateral agent or co-collateral agents, jointly, as shall be provided in the instrument appointing such separate collateral agent or separate collateral agents or co-collateral
agent or co-collateral agents, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Collateral Agent shall be incompetent or unqualified to perform such act or acts, or unless the
performance of such act or acts would result in the imposition of any tax on the Collateral Agent which would not be imposed absent such joint act or acts, in which event such rights, powers, duties and obligations shall be exercised and performed
by such separate collateral agent or separate collateral agents or co-collateral agent or co-collateral agents; no power given hereby or by the relevant Security Documents to, or which it is provided herein or therein may be exercised by, any such
co-collateral agent or co-collateral agents or separate collateral agent or separate collateral agents shall be exercised hereunder or thereunder by such co-collateral agent or co-collateral agents or separate collateral agent or separate collateral
agents except jointly with, or with the consent in writing of, the Collateral Agent, anything contained herein to the contrary notwithstanding; 
  

 15 

 (iii) the Borrower and the Collateral Agent, at any time by an instrument in writing
executed by them jointly, may accept the resignation of or remove any such separate collateral agent or co-collateral agent and, in that case by an instrument in writing executed by them jointly, may appoint a successor to such separate collateral
agent or co-collateral agent, as the case may be, anything contained herein to the contrary notwithstanding. If the Borrower shall not have joined in the execution of any such instrument within 10 days after it receives a written request from the
Collateral Agent to do so, or if an Event of Default has occurred and is continuing, the Collateral Agent shall have the power to accept the resignation of or remove any such separate collateral agent or co-collateral agent and to appoint a
successor without the concurrence of the Borrower, the Borrower hereby appointing the Collateral Agent its agent and attorney to act for it in such connection in such contingency. If the Collateral Agent shall have appointed a separate collateral
agent or separate collateral agents or co-collateral agent or co-collateral agents as above provided, the Collateral Agent may at any time, by an instrument in writing, accept the resignation of or remove any such separate collateral agent or
co-collateral agent and the successor to any such separate collateral agent or co-collateral agent shall be appointed by the Borrower and the Collateral Agent, or by the Collateral Agent alone pursuant to this clause (b). 
 5.10. Treatment of Payee or Indorsee by Collateral Agent; Representatives of Secured Parties. (a) The Collateral Agent may treat the
registered holder or, if none, the payee or indorsee of any promissory note or debenture evidencing a Secured Obligation as the absolute owner thereof for all purposes and shall not be affected by any notice to the contrary, whether such promissory
note or debenture shall be past due or not. 
 (b) Any Person (other than the Administrative Agent and the Indenture Trustee) which shall be
designated as the duly authorized representative of one or more Secured Parties to act as such in connection with any matters pertaining to this Agreement or the Collateral shall present to the Collateral Agent such documents, including Opinions of
Counsel, as the Collateral Agent may reasonably require, in order to demonstrate to the Collateral Agent the authority of such Person to act as the representative of such Secured Parties (it being understood that the holders of Credit Agreement
Obligations are represented hereunder by the Administrative Agent and shall have no other rights pursuant to this clause (b)). The authority of the Administrative Agent and the Indenture Trustee shall be demonstrated by their inclusion as
such in the lists from time to time delivered pursuant to Section 4.2. 
 SECTION 6. 
 MISCELLANEOUS 
 6.1. Notices. Unless
otherwise specified herein, all notices, requests, demands or other communications given to the Borrower, the Collateral Agent, the Administrative Agent or the Indenture Trustee shall be given in writing or by facsimile transmission and shall be
deemed to have been duly given when personally delivered or when duly deposited in the mails, registered or certified mail postage prepaid, or when transmitted by facsimile transmission, addressed (i) if to the Borrower or the Collateral Agent,
to such party at its address specified on the signature pages hereof or any other address which such party shall have specified as its address for the purpose of communications hereunder, by notice given in accordance with this 
  

 16 

 
Section 6.1 to the party sending such communication or (ii) if to the Administrative Agent or the Indenture Trustee, to it at its address
specified from time to time in the list provided by the Borrower to the Collateral Agent pursuant to Section 4.2; provided that any notice, request or demand to the Collateral Agent shall not be effective until received by the
Collateral Agent in the corporate trust division at the office designated by it pursuant to this Section 6.1. 
 6.2. No
Waivers. No failure on the part of the Collateral Agent, any co-collateral agent, any separate collateral agent, the Administrative Agent, the Indenture Trustee or any Secured Party to exercise, no course of dealing with respect to, and no delay
in exercising, any right, power or privilege under this Agreement or any Security Document shall operate as a waiver thereof nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. 
 6.3. Amendments, Supplements and Waivers. (a) With the prior
written consent of the Administrative Agent, the Collateral Agent and the Obligors may, from time to time, enter into written agreements supplemental hereto or to any Security Document for the purpose of adding to, or waiving any provisions of, this
Agreement or any Security Document or changing in any manner the rights of the Collateral Agent, the Secured Parties or the Obligors hereunder or thereunder. Any such supplemental agreement shall be binding upon the Obligors, the Administrative
Agent, the Indenture Trustee, the Secured Parties and the Collateral Agent and their respective successors. The Collateral Agent shall not enter into any such supplemental agreement unless the Collateral Agent shall have received an Opinion of
Counsel to the effect that such supplemental agreement will not result in a breach of any provision or covenant contained in the 2012 Notes Indenture which requires that effective provision be made so that the 2012 Notes are secured equally and
ratably with the Credit Agreement Obligations. 
 (b) Without the consent of the Administrative Agent, the Indenture Trustee or any Secured
Party, the Collateral Agent and any of the Obligors, at any time and from time to time, may enter into one or more agreements supplemental hereto or to any Security Document, in form satisfactory to the Collateral Agent, (i) to add to the
covenants of such Obligor for the benefit of the Secured Parties or to surrender any right or power herein conferred upon such Obligor herein or in any Security Document; (ii) to mortgage or pledge to the Collateral Agent, or grant a security
interest in favor of the Collateral Agent in, any property or assets as additional security for the Secured Obligations; or (iii) to cure any ambiguity, to correct or supplement any provision herein or in any Security Document which may be
defective or inconsistent with any other provision herein or therein, or to make any other provision with respect to matters or questions arising hereunder which shall not be inconsistent with any provision hereof; provided that any such
action contemplated by this clause (iii) shall not adversely affect the interests of the Secured Parties. 
 6.4.
Headings. The table of contents and the headings of Sections and subsections have been included herein and in the Security Documents for convenience only and should not be considered in interpreting this Agreement or the Security Documents.

 6.5.Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall not invalidate the
remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  

 17 

 6.6. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each
of the parties hereto and shall inure to the benefit of each of the parties hereto and their respective successors and assigns, and nothing herein is intended or shall be construed to give any other Person any right, remedy or claim under, to or in
respect of this Agreement or any Collateral. 
 6.7. Currency Conversions. In calculating the amount of Secured Obligations for any
purpose hereunder, including voting or distribution purposes, the amount of any Secured Obligation which is denominated in a currency other than Dollars shall be converted into Dollars at the spot rate for purchasing Dollars with such currency as
set forth in The Wall Street Journal (or any successor or substitute publication reasonably selected by the Administrative Agent) on the Business Day prior to the date on which such calculation is to be made. 
 6.8. Governing Law. This Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

 6.9. Counterparts. This Agreement may be signed (including by way of facsimile or electronic transmission) in any number of
counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 6.10. Termination.
(a) Upon (i) receipt by the Collateral Agent from the Administrative Agent of (A) a written direction to cause the Liens created by Section 4.7 and by the Security Documents to be released and discharged or (B) a
written notice stating that the Termination Date has occurred, and (ii) payment in full of all Collateral Agent Fees, the security interests created by Section 4.7 and by the Security Documents shall terminate forthwith and all
right, title and interest of the Collateral Agent in and to the Collateral shall revert to the Obligors, their successors and assigns. Notwithstanding anything to the contrary contained herein or in any Secured Instrument, the Lien of the holders of
the 2012 Notes created by any documents entered into pursuant to clause (b) of Section 6.3 and by the Security Documents shall be automatically and unconditionally released and discharged upon the release and discharge of the
Liens created by any documents entered into pursuant to clause (b) of Section 6.3 and by the Security Documents. 
 (b) For so long as no Event of Default shall have occurred and be continuing under the 2012 Indenture, upon receipt by the Collateral Agent of written notice, together with an Officer’s Certificate and an Opinion of Counsel, from the
Borrower stating that the 2012 Notes are no longer required to be secured equally and ratably by the Liens securing the Credit Agreement Obligations pursuant to Section 4.11 of the 2012 Notes Indenture, (which notice shall include evidence that
the Liens securing the Credit Agreement Obligations are “Permitted Liens” under the 2012 Notes Indenture), the security interests created by the Security Documents in favor of the Collateral Agent shall no longer secure the 2012 Notes and
the definition of “Secured Obligations” shall automatically be amended to no longer include the 2012 Notes without delivery of any instrument or performance of any act by any party. In the absence of bad faith or willful misconduct on its
part, the Collateral Agent may conclusively rely, as to the truth of the statements and the accuracy of the mathematical calculations stated therein, upon such written notice. 
  

 18 

 (c) Upon the termination of the Collateral Agent’s security interest and the release of the
Collateral in accordance with clause (a) of Section 6.10, the Collateral Agent will promptly, at the Borrower’s written request and expense, (i) execute and deliver to the Borrower such documents as the Borrower
shall reasonably request to evidence the termination of such security interest or the release of the Collateral and (ii) deliver or cause to be delivered to the Obligors all property of any Obligor then held by the Collateral Agent or any agent
thereof. 
 (d) This Agreement shall terminate when the security interest granted under the Security Documents has terminated and the
Collateral has been released; provided that the provisions of Sections 4.3, 4.4, 4.5 and 4.6 shall not be affected by any such termination. 
 6.11. New Obligors. During the term of this Agreement, each Subsidiary of the Borrower that, pursuant to Section 6.9 of the Credit Agreement, is required to become a party to this Agreement, may become
such a party by executing an assumption agreement, substantially in the form of Exhibit A, a copy of which shall be delivered to the Collateral Agent in accordance with Section 6.1, whereupon such Subsidiary shall become an
Obligor for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement. 
 6.12. Inconsistent Provisions. If any provision of this Agreement shall be inconsistent with, or contrary to, any provision in any of the Security Documents or any document entered into in connection therewith,
the provisions of this Agreement shall be controlling and shall supersede such inconsistent provision to the extent necessary to give full effect to all provisions contained in this Agreement. 
 6.13. Confidentiality . The Collateral Agent agrees to keep confidential any written information (a) provided to it by or on behalf of the
Borrower or any of its Subsidiaries pursuant to or in connection with this Agreement or any Security Document or (b) obtained by the Collateral Agent based on a review of the books and records of the Borrower or any of its Subsidiaries;
provided that nothing herein shall prevent the Collateral Agent from disclosing any such information (i) to the Administrative Agent, any Lender, any Affiliate of a Lender, any Approved Fund or the Indenture Trustee, (ii) subject to
an agreement to comply with the provisions of this Section, to any actual or prospective Transferee or any direct or indirect counterparty to any Hedge Agreement (or any professional advisor to such counterparty), (iii) to its employees,
directors, agents, attorneys, accountants and other professional advisors or those of any of its affiliates having a need to know such information for purposes of allowing the Administrative Agent, Indenture Trustee, Collateral Agent or Lenders to
perform their obligations hereunder, (iii) upon the request or demand of any Governmental Authority having jurisdiction over the Collateral Agent or as shall be required pursuant to any requirement of law, provided the Borrower is given advance
written notice and only such information is disclosed as is necessary to comply with such request, demand or requirement, (iv) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any
requirement of law, provided the Borrower is given advance written notice and only such information is disclosed as is necessary to comply with such order, (v) if required to do so in 
  

 19 

 
connection with any litigation or similar proceeding to which the Collateral Agent is a party, (vi) which has been publicly disclosed other than in
breach of this Agreement or (vii) to the extent reasonably necessary in connection with the exercise of any remedy hereunder. 
 6.14.
SUBMISSION TO JURISDICTION; WAIVERS. EACH OBLIGOR HEREBY IRREVOCABLY AND UNCONDITIONALLY: 
 (a) SUBMITS FOR ITSELF AND ITS PROPERTY IN
ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY SECURITY DOCUMENT TO WHICH IT IS A PARTY, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF
NEW YORK OR IN THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF; 
 (b) TO THE
EXTENT PERMITTED BY APPLICABLE LAW, CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH
ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME; 
 (c) AGREES THAT SERVICE OF PROCESS IN
ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO SUCH OBLIGOR AT ITS ADDRESS SPECIFIED IN SUBSECTION 6.1 OR AT SUCH OTHER
ADDRESS OF WHICH THE COLLATERAL AGENT SHALL HAVE BEEN NOTIFIED PURSUANT THERETO; 
 (d) AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO
EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION; AND 
 (e) WAIVES,
TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR PROCEEDING REFERRED TO IN THIS SUBSECTION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. 
 6.15. WAIVER OF JURY TRIAL. THE COLLATERAL AGENT AND EACH OF THE OBLIGORS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY SECURITY DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 6.16. PATRIOT ACT. The
Collateral Agent hereby notifies each Obligor that, pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Obligor, which information includes the name and address of such
Obligor and other information that will allow the Collateral Agent to identify such Obligor 
  

 20 

 
in accordance with the PATRIOT Act. Upon the request of the Collateral Agent, the Borrower will provide any information the Collateral Agent believes is
reasonably necessary to be delivered to comply with the PATRIOT Act. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 21 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective
Responsible Officers as of the day and year first written above. 
  

			
	ADVANCED MICRO DEVICES, INC.
		
	By:	 	 /s/ Robert J. Rivet

	Name:	 	Robert J. Rivet
	Title:	 	Executive Vice President and
Chief Financial Officer
		
	Address:	 	One AMD Place M/S 54
		 	P.O. Box 3453
		 	Sunnyvale, CA 94088
	
	Telephone Number: 408-749-4000
	Fax Number: 408-774-7399

 [Signature Page to Collateral Trust Agreement] 

			
	AMD INTERNATIONAL SALES & SERVICE, LTD.
		
	By:	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Secretary
	
	AMD (U.S.) HOLDINGS, INC.
		
	By: 	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Vice President and Secretary

 [Signature Page to Collateral Trust Agreement] 

			
	AMD US FINANCE, INC.
		
	By:	 	 /s/ Hollis M. O’Brien

	Name:	 	Hollis M. O’Brien
	Title:	 	Secretary

 [Signature Page to Collateral Trust Agreement] 

			
	ATI RESEARCH SILICON VALLEY INC.
		
	By:	 	 /s/ Dave Orton

	Name:	 	Dave Orton
	Title:	 	Director
	
	ATI RESEARCH, INC.
		
	By:	 	 /s/ Patrick Crowley

	Name:	 	Patrick Crowley
	Title:	 	Director
	
	ATI TECHNOLOGIES SYSTEMS CORP.
		
	By:	 	 /s/ Dave Orton

	Name:	 	Dave Orton
	Title:	 	Director

 [Signature Page to Collateral Trust Agreement] 

			
	WELLS FARGO BANK, N.A., as Collateral Agent
		
	By:	 	 /s/ Lynn M. Steiner

	Name:	 	Lynn M. Steiner
	Title:	 	Vice President
		
		 	Address:
		 	Corporate Trust Services
		 	Mac N9303-120
		 	Sixth Street & Marquette Avenue
		 	Minneapolis, MN 55479
		
		 	Telephone Number: 612-316-4305
		 	Fax Number: 612-667-9825

 [Signature Page to Collateral Trust Agreement] 

 ACKNOWLEDGED AND ACCEPTED: 
 MORGAN STANLEY SENIOR FUNDING, INC., 
 as Administrative Agent 
  

			
	By:	 	 /s/ Andrew Earls

	Name:	 	Andrew Earls
	Title:	 	Vice President

 [Signature Page to Collateral Trust Agreement] 

 SCHEDULE I 
 to Agreement 
 CERTAIN DEFINITIONS 
 Unless otherwise defined herein, all capitalized terms used in this Agreement (including this Schedule I) shall have meanings given to them in the
Credit Agreement. 
 The following terms shall have the respective meanings set forth below: 
 “2012 Notes” – as defined in the second recital. 
 “2012 Notes Indenture” – as defined in the second recital. 
 “Agreement” shall mean, on any date, this Collateral Trust Agreement as originally in effect on October 24, 2006 and as thereafter
from time to time amended, supplemented, amended and restated or otherwise modified from time to time in accordance with its terms and in effect on such date. 
 “Borrower” – as defined in the preamble. 
 “Collateral” shall
mean all property in which the Collateral Agent is granted a Lien from time to time under this Agreement or any other Security Document. 
 “Collateral Account” – as defined in Section 3.1. 
 “Collateral Agent” shall
mean Wells Fargo Bank, N.A., in its capacity as collateral agent under this Agreement, and any successor collateral agent appointed thereunder. 
 “Collateral Agent Fees” shall mean all fees, costs and expenses of the Collateral Agent of the types described in Sections 4.3, 4.4, 4.5 and 4.6 of this Agreement. 
 “Consolidated Net Tangible Assets” – as defined in the 2012 Notes Indenture. 
 “Control Party” – shall mean (a) at any time the amount of Credit Agreement Obligations is equal to or greater than the
outstanding principal amount of the 2012 Notes, the Administrative Agent and (b) at any time the outstanding principal amount of the 2012 Notes is greater than the amount of Credit Agreement Obligations, the Indenture Trustee. 
 “Credit Agreement” – as defined in the first recital. 
 “Credit Agreement Obligations” shall mean the Obligations (as defined in the Credit Agreement). 
 “Event of Default” – an “Event of Default” under any Secured Instrument. 
 “Indenture Trustee” – as defined in the second recital. 

 “Lender” – as defined in the first recital. 
 “Obligors” – as defined in the preamble. 
 “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel (other than an employee of the Borrower or any Affiliate thereof) satisfactory to the Collateral Agent, who may be counsel
regularly retained by the Collateral Agent. 
 “PATRIOT Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)), as amended or otherwise modified from time to time. 
 “PATRIOT Act Disclosures” means all
documentation and other information which the Collateral Agent reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT
Act. 
 “Proceeds” shall mean all proceeds within the meaning of the UCC. 
 “Requisite Instructions” shall mean written instructions of the Control Party; provided that such instructions shall include a
certification from the Control Party that the action contemplated by such instructions is permitted under the applicable Security Documents (including, if, pursuant to such Security Documents, such action is permitted to be taken only during the
existence of a Default or Event of Default, a certification that such Default or Event of Default exists). 
 “Secured
Instruments” shall mean the Credit Agreement, the other Loan Documents, the 2012 Notes Indenture and the 2012 Notes. 
 “Secured Obligations” shall mean, without duplication, (i) the Credit Agreement Obligations, (ii) the 2012 Notes, and (iii) all sums payable by the Borrower under this Agreement or any Security Document
(including Collateral Agent Fees). 
 “Secured Parties” shall mean at any time the holders of the Secured Obligations.

 “Security Documents” shall mean this Agreement and each other agreement pursuant to which the Collateral Agent is granted
a Lien to secure the Secured Obligations (including each agreement entered into pursuant to clause (b)(ii) of Section 6.3 of this Agreement). 
 “Termination Date” shall mean the date on which the Loans and all other Obligations (other than contingent surviving indemnity obligations in respect of which no claim or demand has been made and
Hedging Obligations under Specified Hedge Agreements) have been paid in full, all commitments to extend credit under the Loan Documents have terminated and any Hedging Obligations under the Specified Hedge Agreements owed to any Qualified
Counterparty shall have either (i) paid in full or (ii) secured by a collateral arrangement satisfactory to the Qualified Counterparty in its sole discretion. 
 “Trust Estate” shall have the meaning assigned in the Declaration of Trust in this Agreement.

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