Document:

Amendment No. 5 and Consent to the Credit Agreement

 Exhibit 10.2 
 EXECUTION COPY 
 AMENDMENT NO. 5 AND CONSENT 

AMENDMENT NO. 5 AND CONSENT dated as of May 11, 2011 (“Amendment No. 5”) to the Credit
Agreement dated as of February 9, 2010 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Spansion LLC, a Delaware limited liability company (the “Borrower”),
Spansion Inc., a Delaware corporation (“Holdings”), Spansion Technology LLC, a Delaware limited liability company (“Spansion Technology” and together with Holdings, the “Guarantors”), each lender
from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), Barclays Bank PLC, as Administrative Agent (“Administrative Agent”), Collateral Agent (“Collateral
Agent”) and Documentation Agent, Barclays Capital, as Joint Lead Arranger and Joint Book Runner, and Morgan Stanley Senior Funding, Inc., as Joint Lead Arranger, Joint Book Runner and Syndication Agent and Amendment No. 2 to the Pledge
and Security Agreement dated as of May 10, 2010 (as amended, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”) among Holdings, Spansion Technology, the Borrower, certain of their
subsidiaries party thereto, and Collateral Agent. 
 The Borrower, the Guarantors, the Lenders party hereto, the
Collateral Agent (with respect to the Pledge and Security Agreement) and Morgan Stanley Senior Funding, Inc, as the arranger in connection with this Amendment No. 5 (the “Amendment Arranger”), with the acknowledgement of the
Administrative Agent wish to amend, in certain respects, the Credit Agreement and the Pledge and Security Agreement and accordingly the parties hereto hereby agree as follows: 

Section 1. Definitions. Capitalized terms used in this Amendment No. 5 and not otherwise defined are
used herein as defined in the Credit Agreement (as amended hereby). 
 Section 2. Amendments to the
Credit Agreement. Effective as of the Amendment No. 5 Effective Date (as defined in Section 8 hereof), the Credit Agreement shall be amended as follows: 

2.01. Definitions, etc. 
 A. References in the Credit Agreement (including references to the Credit Agreement as amended hereby) to “this Agreement” (and indirect references such as “hereunder,”
“hereby,” “herein,” and “hereof”) shall be deemed to be references to the Credit Agreement as amended hereby. 
 B. Section 1.01 of the Credit Agreement is hereby amended by inserting the following definitions in the appropriate alphabetical location: 

“Amendment No. 5” means Amendment No. 5 to this Agreement dated as of May 11, 2011.

 “Amendment No. 5 Effective Date” means the date as of
which Amendment No. 5 shall become effective pursuant to, and to the extent set forth in, Section 8 thereof. 
 C. The definition of “Available Amount” in Section 1.01 of the Credit Agreement shall be amended by (i) replacing the reference to “all full fiscal years ending after the
Amendment No. 4 Effective Date” therein with “the fiscal year ending December 26, 2010 (calculated from the first full fiscal quarter immediately following Emergence in the case of the fiscal year ending December 26, 2010)
and each full fiscal year thereafter” and (ii) replacing the reference to “Section 7.06(l)(ii)” therein with “Section 7.06(n)(ii)”. 

E. The definition of “Cash Equivalents” in Section 1.01 of the Credit Agreement shall be amended by
(i) replacing the reference in clause (a) thereof to “360 days” with “24 months”, and (ii) replacing clauses (f) and (g) thereof in their entirety with the following: 

“(f) commercial paper or variable or fixed rate notes issued by, or guaranteed by, an issuer having a rating of at
least Aa2 or AA from either Moody’s or S&P, respectively, and in each case maturing within 24 months after the date of acquisition thereof; 
 (g) shares of any money market mutual or similar fund that (i) has substantially all of its assets invested continuously in the types of investments referred to in clauses (a) through
(f) above, (ii) has net assets of not less than $500,000,000, and (iii) has a rating of at least P-1 or A-1 from either Moody’s or S&P respectively; and 

(h) in the case of a foreign Subsidiary, substantially similar investments to those referenced in clauses
(a) through (g) above, of comparable credit quality (taking into account the jurisdictions where such foreign Subsidiary is in business), denominated in the currency of any jurisdiction in which such Person conducts business.”

 2.02. Optional Prepayments. Section 2.03(a) of the Credit Agreement shall be amended by replacing
the reference to “the Amendment No. 4 Effective Date” therein with “the Amendment No. 5 Effective Date”. 
 2.03. Indebtedness. Section 7.02(f) of the Credit Agreement shall be amended by replacing the reference in clause (ii) thereof to “$15,000,000” with “$30,000,000”.

 2.04. Investments. Section 7.03 of the Credit Agreement shall be amended by (i) replacing
the reference in clause (b) thereof to “$1,000,000” with “$5,000,000” and (ii) replacing the reference in clause (k) thereof to “$25,000,000” with “$50,000,000”. 

2.05. Dispositions. Section 7.05 of the Credit Agreement shall be amended as follows: 

(i) Clause (a) thereof shall be amended in its entirety to read as follows: 

“Dispositions of obsolete or worn out property, or property no longer used or useful in the business of the
Borrower or its Subsidiaries;” 

  
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 (ii) Clause (c) thereof shall be amended in its entirety to read as
follows: 
 “(i) a Disposition of the facility in Suzhou, China, (ii) the Elpida Sale, (iii) a
Disposition of the Borrower’s headquarters property located in Sunnyvale, California, and (iv) a Disposition of 100% of the Borrower’s Equity Interests in Cerium Laboratories, LLC; provided, that such Disposition of Equity
Interests shall (x) be for fair market value and, if such Disposition exceeds $1,000,000, certified as such to the Administrative Agent by a Responsible Officer of the Borrower, and (y) not exceed $5,000,000;” 

(iii) Clause (g) thereof shall be amended by deleting “and” at the end thereof; 

(iv) Clause (h) thereof shall be amended by (a) replacing the reference in clause (y) of the first
proviso therein to “$100,000,000” with “$150,000,000”, (b) replacing the reference in clause (y) of the first proviso therein to “10%” with “15%”, and (c) replacing the period at the end thereof
with a semi-colon; 
 (v) New clauses (i) and (j) shall be inserted immediately following clause
(h) thereof, to read as follows: 
 “(i) Equipment or Inventory that is consigned to partners,
suppliers or subcontractors in connection with the provision of services or products to the Borrower or its Subsidiaries in the ordinary course of business provided that title to such Equipment or Inventory is retained by the Borrower or its
Subsidiaries; and 
 (j) Dispositions of Equipment through fair value exchange transactions in the ordinary
course of business in an amount not to exceed $75,000,000 in the aggregate; provided, that, concurrently with any such Disposition that exceeds $1,000,000, the Borrower shall deliver to the Administrative Agent a certificate signed by a
Responsible Officer of the Borrower confirming that the fair market value of the Equipment received in such transaction is at least equal to the fair market value of the Equipment Disposed of in such transaction.” 

2.06. Restricted Payments. Section 7.06 of the Credit Agreement shall be amended as follows: 

(i) Clause (l) thereof shall be amended by deleting “and” at the end thereof; and 

(ii) Clause (m) thereof shall be amended in its entirety to read as follows: 

“(m) Restricted Payments by the Borrower in connection with (i) the acquisition of certain claims (in the form
of claims, claim participations, notes or otherwise) filed in the Cases against the Borrower and/or one or more of its Affiliates and held by affiliates of Silver Lake Sumeru Fund, L.P. in an amount not to exceed $30,000,000 in the aggregate and
(ii) the acquisition of certain claims (in the form of claims, claim participations, notes or otherwise) filed in the Cases against the Borrower and/or one or more of its Affiliates in an amount not to exceed $30,000,000 in the aggregate; and

  
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 (n) Restricted Payments by the Borrower and its Subsidiaries not otherwise
permitted under this Section 7.06 not to exceed (i) $30,000,000, plus (ii) so long as no Default shall have occurred and be continuing at the time thereof or would result therefrom, additional Restricted Payments up to the Available
Amount.” 
 2.07. Amendment, Etc. of Revolving Credit Loan Documents and other Indebtedness.
Section 7.16 of the Credit Agreement shall be amended by replacing “except for any refinancing, refunding, renewal, extension or amendment thereof permitted by Section 7.02(d) or that would, in any respect, be materially
adverse to the Lenders” with “except, in each case, for any refinancing, refunding, renewal, extension or amendment thereof permitted by Section 7.02(d) that would not, in any respect, be materially adverse to the
Lenders”. 
 2.08. Replacement of Lenders. Section 11.13 of the Credit Agreement shall be
amended by (i) replacing the reference in clause (b) thereof to “Amendment No. 4 Effective Date” therein to “Amendment No. 5 Effective Date” and (ii) inserting the following at the end thereof:

 “In the event any replaced Lender fails to execute the agreements required under Section 11.06 in
connection with an assignment pursuant to this Section 11.13, such Lender shall be deemed to have executed such agreements two (2) Business Days following notice by the Borrower to such Lender of such failure.” 

Section 3. Amendments to the Pledge and Security Agreement. Effective as of the Amendment No. 5
Effective Date, the Pledge and Security Agreement shall be amended as follows: 
 3.01. Release;
Termination. Section 3.07 of the Pledge and Security Agreement shall be amended by adding the following clause (c) to the end thereof: 
 “(c) If any Loan Party proposes to enter into a Japanese Receivables Credit Facility as permitted under the Credit Agreement, then concurrently with the closing of such Japanese Receivables Credit
Facility, Collateral Agent shall (i) release its security interest in such Loan Party’s receivables and proceeds thereof, including related deposit accounts (the “Japanese Collateral”) and (ii) execute and deliver to
the Borrower such documents as the Borrower shall reasonably request to evidence the release of Collateral Agent’s security interest in the Japanese Collateral.” 

3.02. Deposit Accounts. Section 4.01(f) of the Pledge and Security Agreement shall be amended by
(i) replacing the reference to “$100,000” therein with “$250,000” and (ii) replacing the reference to “$250,000” therein with “$1,000,000”. 

3.03. Letter-of-Credit Rights. Section 4.01(i) of the Pledge and Security Agreement shall be deleted in its
entirety and replaced with “[Reserved]”. 
 Section 4. Consents; Sunnyvale Property
Transaction. Effective as of the Amendment No. 5 Effective Date, the Lenders party hereto agree that: 

  
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 (a) the Loan Parties may enter into an amendment to and consent under the
Revolving Credit Agreement that is comparable to this Amendment No. 5; 
 (b) the Borrower may acquire
certain claims (in the form of claims, claim participations, notes or otherwise) filed in the Cases against the Borrower and/or one or more of its Affiliates and may distribute or assign to Holdings all Equity Interests of Holdings acquired by or
issued to the Borrower pursuant to such claims notwithstanding anything to the contrary in the Loan Documents including, without limitation, any limitations on Investments, Dispositions, transactions with Affiliates, or limitations on amendments to
or variations from the Plan; provided, that (i) the payment of the purchase price for such claims shall be deemed to be a Restricted Payment under Section 7.06(m) or (n) of the Credit Agreement, and (ii) prior to making
such payment, the Borrower shall deliver to Administrative Agent a fairness opinion of a nationally recognized independent financial advisor with respect to such transaction. Such transactions with respect to such claims shall not be subject to any
notice requirements or collateral perfection requirements under the Loan Documents; 
 (c) notwithstanding
Section 11.13(a) of the Credit Agreement, the Borrower shall not be required to pay the Administrative Agent the assignment fee specified in Section 11.06(b)(ii)(B) for the replacement of any Lenders in connection with this Amendment
No. 5 pursuant to Sections 11.01 and 11.13; and 
 (d) in anticipation of any sale of the Borrower’s
headquarters property located in Sunnyvale, California as permitted under Section 7.05(c) of the Credit Agreement (the “Sunnyvale Property Transaction”), at the Borrower’s request which shall be made by the Borrower not
earlier than three months prior to the anticipated effective date of the Sunnyvale Property Transaction, Collateral Agent shall promptly execute and deliver to the Borrower such documents as the Borrower may reasonably request to evidence and effect
a release of Collateral Agent’s security interest in and lien on such property, including, without limitation, reconveyance documents and UCC-3 termination statements each in appropriate form for recording in the County Recorder’s Office
for the County of Santa Clara, California (collectively, the “Sunnyvale Release Documents”). The Sunnyvale Release Documents shall be deposited into escrow with the title company handling the Sunnyvale Property Transaction and such
title company shall be instructed to not release or record such Sunnyvale Release Documents, and such Sunnyvale Release Documents shall not be deemed to be effective, until the closing of the Sunnyvale Property Transaction. If the Sunnyvale Property
Transaction does not occur within six months following the deposit of the Sunnyvale Release Documents into escrow, such Sunnyvale Release Documents shall be deemed to be of no further force and effect and returned to Collateral Agent. 

Section 5. Repricing Amendments. Effective as of the Repricing Effective Date (as defined in Section 9
hereof), Section 1.01 Credit Agreement (as in effect on the Amendment No. 5 Effective Date) shall be further amended as follows: 
 A. The definition of “Applicable Rate” shall be deleted in its entirety and replaced with the following: 

  
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 “Applicable Rate” means 2.50% per annum for
any Base Rate Loan and 3.50% per annum for any Eurodollar Rate Loan. 
 B. The definition of
“Base Rate” shall be amended by replacing all references to “2.75%” therein with “2.25%”. 
 C. The definition of “Eurodollar Rate” shall be amended by replacing all references to “1.75%” therein with “1.25%”. 

Section 6. Representations and Warranties. The Borrower represents and warrants to the Agents, the Amendment
Arranger and each of the Lenders that (a) the representations and warranties set forth in Article V of the Credit Agreement and in each Loan Document shall be true and correct in all material respects on and as of each of the Amendment
No. 5 Effective Date and the Repricing Effective Date with the same effect as though made on and as of such date except to the extent such representations and warranties expressly relate to an earlier date, in which case they were true and
correct in all material respects as of such earlier date and (b) as of each of the Amendment No. 5 Effective Date and the Repricing Effective Date, no Default or Event of Default exists immediately prior to giving effect to this Amendment
No. 5 and no Default or Event of Default shall exist immediately after giving effect to this Amendment No. 5. 
 Section 7. Confirmation of Loan Documents. As of each of the Amendment No. 5 Effective Date and the Repricing Effective Date, each of the Loan Parties party hereto confirms and ratifies
all of its respective obligations under the Credit Agreement as amended hereby and the Loan Documents to which it is a party (including its respective obligations as a Guarantor under the Guaranty) and the Liens granted by it under the respective
Loan Documents (as amended hereby). 
 Section 8. Conditions Precedent to Amendment and Consent
Effectiveness. This Amendment No. 5 (other than Section 5 of this Amendment No. 5) shall become effective as of the date (the “Amendment No. 5 Effective Date”) on which each of the following conditions
precedent shall have been satisfied as determined by the Amendment Arranger or the Administrative Agent, as applicable, in its sole reasonable discretion: 

(a) Amendment No. 5. The Amendment Arranger shall have received, with a copy to the
Administrative Agent, (i) one or more counterparts of this Amendment No. 5 duly executed by the Borrower, the Guarantors and the Required Lenders (as verified by the Administrative Agent following receipt of such counterparts from the
Amendment Arranger) and (ii) a certificate signed by a Responsible Officer of the Borrower and each other Loan Party, as of the Amendment No. 5 Effective Date, certifying (x) the truth of the representations and warranties contained
in Article V of the Credit Agreement or any other Loan Document in all material respects on and as of the Amendment No. 5 Effective Date with the same effect as though made on and as of such date except to the extent such representations and
warranties expressly relate to an earlier date, in which case they were true and correct in all material respects as of such earlier date and (y) that there has been no event or circumstance since December 26, 2010 that has or could be
reasonably expected to have, either individually or in the aggregate, a Material Adverse 

  
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Effect other than as a result of the Cases or as described in the Disclosure Statement or in the Borrower’s filings with the SEC made prior to the Closing Date. 

(b) Amendment to the Revolving Credit Agreement. The Amendment Arranger shall have received, with a
copy to the Administrative Agent, fully executed copies of the amendment to and consent under the Revolving Credit Agreement in substantially final form and substance reasonably satisfactory to the Amendment Arranger. 

(c) Fees. The Agents and the Amendment Arranger (including their respective Affiliates) shall have
received from the Borrower payment in immediately available funds of all reasonable out-of-pocket costs and expenses of the Agents and the Amendment Arranger (including reasonable fees and out-of-pocket expenses of counsel for the Amendment
Arranger) accrued and outstanding on the Amendment No. 5 Effective Date, including in connection with this Amendment No. 5, as required by Section 11.04 of the Credit Agreement. 

Section 9. Conditions Precedent to Repricing Effectiveness. Section 5 of this Amendment No. 5 shall
become effective as of the date (the “Repricing Effective Date”) on which each of the following conditions precedent shall have been satisfied as determined by the Amendment Arranger or the Administrative Agent, as applicable, in
its sole reasonable discretion: 
 (a) Lender Consent. The Amendment Arranger shall have
received one or more counterparts of this Amendment No. 5 duly executed by each Lender (as verified by the Administrative Agent following receipt of such counterparts from the Amendment Arranger). 

(b) Officer’s Certificate. The Amendment Arranger shall have received, with a copy to the
Administrative Agent, a certificate signed by a Responsible Officer of the Borrower and each other Loan Party, as of the Repricing Effective Date, certifying (x) the truth of the representations and warranties contained in Article V of the
Credit Agreement or any other Loan Document in all material respects on and as of the Repricing Effective Date with the same effect as though made on and as of such date except to the extent such representations and warranties expressly relate to an
earlier date, in which case they were true and correct in all material respects as of such earlier date and (y) that there has been no event or circumstance since December 26, 2010 that has or could be reasonably expected to have, either
individually or in the aggregate, a Material Adverse Effect other than as a result of the Cases or as described in the Disclosure Statement or in the Borrower’s filings with the SEC made prior to the Closing Date. 

(c) Fees. The Borrower shall have paid (i) to the Administrative Agent, for the ratable
account of the Lenders immediately prior to the Repricing Effective Date, the prepayment premium pursuant to Section 2.03(a) of the Credit Agreement based upon the amount of Loans outstanding as of the Repricing Effective Date and (ii) to
the Amendment Arranger, the arrangement fee required to be paid in connection with this 

  
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Amendment No. 5, and to the Agents and Arranger, all reasonable out-of-pocket expenses not previously reimbursed. 

Section 10. Miscellaneous. Except as herein provided, the Credit Agreement and the other Loan Documents shall
remain unchanged and in full force and effect. This Amendment No. 5 may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement and any of the parties hereto may execute this Amendment
No. 5 by signing any such counterpart. This Amendment No. 5 shall be governed by, and construed in accordance with, the law of the State of New York. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5
to be duly executed as of the date first above written. 
  

			
	 BORROWER:

	
	 SPANSION LLC,
 a Delaware limited liability company, on behalf of
itself and the Subsidiary Grantors (as defined in the
Pledge and Security Agreement)

	
	 By: /s/ James P. Reid

	 Name: James P. Reid

	 Title: EVP, Sales & Marketing

	
	 GUARANTORS:

	
	 SPANSION INC.,
 a Delaware corporation, on behalf of itself and the
Subsidiary Grantors (as defined in the Pledge and
Security Agreement)

	
	 By: /s/ James P. Reid

	 Name: James P. Reid

	 Title: EVP, Sales & Marketing

	
	 SPANSION TECHNOLOGY LLC,
 a Delaware limited liability company

	
	 By: /s/Carmine R. Renzulli

	 Name: Carmine R. Renzulli

	 Title: Vice President & Secretary

 
			
	 MORGAN STANLEY SENIOR FUNDING, INC.,

	 as Amendment Arranger

	
	 By: /s/ Michael Monk

	 Name: Michael Monk

	 Title: Authorized Signatory

 
			
	 BARCLAYS BANK PLC,
as Collateral Agent

	
	 By: /s/ Ritam Bhalla

	 Name: Ritam Bhalla

	 Title: Vice President

 
			
	 ACKNOWLEDGED:

	
	 BARCLAYS BANK PLC,
as Administrative Agent

	
	 By: /s/ Ritam Bhalla

	 Name: Ritam Bhalla

	 Title: Vice President

 
	
	 LENDERS:

	
	 The executed signature pages of the Lenders to
Amendment No. 5 and Consent are on file with the
Administrative Agent.Amd. Number Three to the Loan and Security Agmt. and Guarantor Security Agmt.

 Exhibit 10.3 
 AMENDMENT NUMBER THREE TO 
 LOAN AND SECURITY AGREEMENT AND

 AMENDMENT NUMBER ONE TO 
 GUARANTOR SECURITY AGREEMENT 
 This Amendment Number Three
to Loan and Security Agreement and Amendment Number One to Guarantor Security Agreement (this “Amendment”), dated as of May 12, 2011, is entered into among SPANSION INC., a Delaware corporation
(“Parent”), SPANSION LLC, a Delaware limited liability company (“Spansion”) and certain of Spansion’s subsidiaries party hereto (such subsidiaries together with Spansion, individually, a
“Borrower” and, collectively, “Borrowers”), SPANSION TECHNOLOGY LLC, a Delaware limited liability company (“Spansion Technology”), SPANSION INTERNATIONAL, INC., a Delaware corporation
(“Spansion International”), CERIUM LABORATORIES LLC, a Delaware limited liability company (together with Parent, Spansion Technology and Spansion International, individually, a “Guarantor” and collectively,
“Guarantors”) each of the lenders set forth on the signature pages hereof (collectively, the “Lenders”), and BANK OF AMERICA, N.A., a national banking association, as Administrative Agent, as Sole Lead
Arranger, as Sole Bookrunner, and as agent for the Lenders (in such capacity, “Agent”). Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Loan Agreement (as defined below).

 R E C I T A L S 
 WHEREAS, Borrowers, Agent, and the Lenders previously entered into that certain Loan and Security Agreement, dated as of May 10, 2010 (as amended, restated, amended and restated, supplemented,
extended or otherwise modified in writing from time to time, the “Loan Agreement”); 
 WHEREAS,
Guarantors and Agent previously entered into that certain Pledge and Security Agreement, dated as of May 10, 2010 (as amended, restated, amended and restated, supplemented, extended or otherwise modified in writing from time to time, the
“Guarantor Security Agreement”); and 
 WHEREAS, Borrowers, Guarantors, Agent, and the Lenders
desire to amend, in certain respects, the Loan Agreement and the Guarantor Security Agreement, and provide the consent set forth in this Amendment. Accordingly the parties hereto hereby agree as follows: 

A G R E E M E N T 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows: 
 Section 1. Amendments to the Loan Agreement. Agent, the Required
Lenders, and Borrowers agree that the Loan Agreement is hereby amended as of the Amendment Number Three Effective Date (as defined in Section 4) as follows: 

  
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 A. The following definitions set forth in Section 1.1 of the
Loan Agreement are deleted in their entirety and replaced with the following: 
 Available
Amount: the sum of the aggregate cumulative amount, not less than zero, of (a) Excess Cash Flow for the Fiscal Year ending December 26, 2010 (calculated from the first full Fiscal Quarter immediately following the Closing Date in the
case of the Fiscal Year ending December 26, 2010) and each full Fiscal Year thereafter that is not required to be applied to the prepayment of the Loans pursuant to Section 2.03(b)(i) of the Term Loan Agreement, plus (b) the Net
Proceeds received after the Amendment Number Two Effective Date from the issuance and sale of Capital Stock (other than Disqualified Capital Stock) or the fair market value of any assets or property contributed to Borrowers, minus (c) the sum
of the aggregate amount of (i) Investments made after the Amendment Number Two Effective Date using the Available Amount pursuant to Section 7.03(k)(ii) of the Term Loan Agreement and (ii) Restricted Payments made after the Amendment
Number Two Effective Date using the Available Amount pursuant to Section 7.06(l)(ii) of the Term Loan Agreement. 
 Permitted Asset Disposition: as long as no Default or Event of Default exists and all Net Proceeds are remitted to Agent (other than the proceeds of Term Loan Priority Collateral which are to be
remitted to the Term Loan Agent as set forth in the Term Loan Documents), an Asset Disposition that is: 
 (a) a
disposition of obsolete or worn out Property or Property no longer used or useful in the business of Borrowers or the Subsidiaries; 
 (b) a disposition of Inventory in the Ordinary Course of Business consistent with past practice (including, without limitation, bulk sales, discounted sales and liquidations, in each case, of stale or
obsolete Inventory or Inventory that is not of first-quality merchantability); 
 (c) a disposition of Property
by any Subsidiary to any Borrower or to a wholly-owned Subsidiary; provided, that if the transferor of such property is a Guarantor, the transferee thereof must either be a Borrower or a Guarantor; provided, further, that any
such sales, transfers or dispositions involving a Subsidiary that is not an Obligor shall be made in compliance with Section 10.2.17; 
 (d) a disposition permitted by Section 10.2.9; 
 (e) a
non-exclusive license of the rights and interests under Intellectual Property in the Ordinary Course of Business; 
 (f) a sale of Equipment in connection with sale and leaseback transactions permitted under the Term Loan Agreement; 
 (g) dispositions of assets (other than accounts receivable) by any Borrower and its Subsidiaries not otherwise permitted; provided, that (x) dispositions of

  
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rights and interests in Intellectual Property shall not exceed $250,000,000 in the aggregate, (y) dispositions other than that of rights and interests in Intellectual Property and
dispositions covered by clause (z) below shall not exceed the greater of $150,000,000 and 15% of Consolidated Total Assets of Borrowers, and (z) dispositions of probe cards and other assets to partners, suppliers or subcontractors in
connection with the provision of services or products to Borrowers or the Subsidiaries in the ordinary course of business shall be permitted in an aggregate amount not to exceed $10,000,000 at any time; provided, further, that
(i) at the time of any disposition under this clause (g), no Default or Event of Default shall exist or would result from such disposition and (ii) in the case of dispositions pursuant to clause (y), at least 75% of the purchase price for
such asset shall be paid to such Borrower or such Subsidiary solely in cash; 
 (i) a disposition of the facility
in Suzhou, China, (ii) the Elpida Sale, (iii) a disposition of Borrowers’ headquarters property located in Sunnyvale, California, and (iv) a Disposition of 100% of Spansion’s Capital Stock in Cerium Laboratories, LLC;
provided, that such disposition of Capital Stock shall (x) be for fair market value and, if such disposition exceeds $1,000,000, certified as such to Agent by a Senior Officer of Spansion and (y) not exceed $5,000,000; 

(j) Equipment or Inventory that is consigned to partners, suppliers or subcontractors in connection with the provision of
services or products to the Borrower or its Subsidiaries in the Ordinary Course of Business; provided, that title to such Equipment or Inventory is retained by a Borrower or a Subsidiary; and 

(k) dispositions of Equipment through fair value exchange transactions in the Ordinary Course of Business in an amount not
to exceed $75,000,000 in the aggregate; provided, that, concurrently with any such disposition, Borrowers shall deliver to Agent a certificate signed by a Senior Officer of Borrowers confirming that the fair market value of the Equipment
received in such transaction is at least equal to the fair market value of the Equipment disposed of in such transaction. 
 provided, however, that any disposition pursuant to subsections (a) through (k) above shall be for fair market value. 

Permitted Purchase Money Debt: Purchase Money Debt of Borrowers and Subsidiaries that is unsecured
or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $30,000,000 at any time. 
 B. The following definitions are hereby added to Section 1.1 of the Loan Agreement in the appropriate alphabetical order: 

Amendment Number Three: that certain Amendment Number Three to Loan and Security Agreement and Amendment
Number One to Guarantor Security Agreement, dated as of May 11, 2011. 

  
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 Amendment Number Three Effective Date: the date as of
which Amendment Number Three shall become effective pursuant to Section 4 thereof. 

Elpida Sale: the sale of certain assets, liabilities and costs of Spansion International
Inc.’s Italian research division to Elpida Memory Inc. as filed with the Bankruptcy Court, docket numbers 2138 and 2375. 
 C. Section 8.5.1(ii) is hereby deleted in its entirety and replaced with the following: 
 (ii) accounts containing Term Loan Priority Collateral where the aggregate balance on deposit therein does not at the end of any Business Day exceed $250,000 so long as the amount on deposit at the end of
any Business Day in all such other Deposit Accounts does not exceed $1,000,000 in the aggregate) 
 D.
Section 10.2.4(l) is hereby deleted in its entirety and replaced with the following: 

(l) Distributions by Borrowers and the Subsidiaries not otherwise permitted under
Section 10.2.4 not to exceed (i) $30,000,000, plus (ii) so long as no Default or Event of Default shall have occurred and be continuing at the time thereof or would result therefrom, additional Distributions up to the Available
Amount; 
 E. Section 10.2.5(l) is hereby deleted in its entirety and replaced with the following:

 (l) Investments not otherwise permitted under Section 10.2.5 not to exceed
(i) $50,000,000 at any time outstanding, plus (ii) so long as no Default or Event of Default shall have occurred and be continuing at the time thereof or would result therefrom, additional Investments up to the Available Amount;

 F. Sections 10.2.5(m), (n) and (o) are hereby added to the Loan Agreement:

 (m) commercial paper or variable or fixed rate notes issued by, or guaranteed by, an issuer
having a rating of at least Aa2 or AA from either Moody’s or S&P, respectively, and in each case maturing within 24 months after the date of acquisition thereof; 

(n) shares of any money market mutual or similar fund that (i) has substantially all of its assets
invested continuously in Cash Equivalents or the types of investments referred to in clause (m) above, (ii) has net assets of not less than $500,000,000, and (iii) has a rating of at least P-1 or A-1 from either Moody’s or
S&P respectively; and 

  
 4 

 (o) in the case of a foreign Subsidiary, substantially
similar investments to those referenced in clauses (m) and (n) above, of comparable credit quality (taking into account the jurisdictions where such foreign Subsidiary is in business), denominated in the currency of any jurisdiction in
which such Person conducts business. 
 Section 2. Limited Consents. Agent and Lenders hereby agree and
consent as follows: 
 A. If any Obligor proposes to enter into a Japanese Receivables Credit Facility as
permitted under the Loan Agreement, then concurrently with the closing of such Japanese Receivables Credit Facility, Agent shall (i) release its security interest in such Obligor’s Accounts and proceeds thereof, including related Deposit
Accounts (the “Japanese Collateral”) and (ii) execute and deliver to the Borrower such documents as the Borrower shall reasonably request to evidence the release of Agent’s security interest in the Japanese Collateral.

 B. Without regard to whether such consent is required under any Loan Document, the Lenders party hereto agree
that the Obligors may enter into an amendment to and consent under the Term Loan Agreement that is comparable to this Amendment. 
 C. Borrowers may acquire certain claims (in the form of claims, claim participations, notes or otherwise) filed in the Chapter 11 Case and may distribute or assign to Parent all Capital Stock of Parent
acquired by or issued to Borrower pursuant to such claims notwithstanding anything to the contrary in the Loan Documents including, without limitation, any limitations on Investments, Asset Dispositions, transactions with Affiliates, or limitations
on amendments to or variations from the Plan of Reorganization; provided, that (i) the payment of the purchase price for such claims shall be deemed to be a Distribution under Section 10.2.4(l), and (ii) prior to making
such payment, Borrowers shall deliver to Agent a fairness opinion of a nationally recognized independent financial advisor with respect to such transaction. Such transactions with respect to such claims shall not be subject to any notice
requirements or collateral perfection requirements under the Loan Documents; and 
 D. In anticipation of any
sale of Borrowers’ headquarters property located in Sunnyvale, California as permitted under Section 10.2.6 (the “Sunnyvale Property Transaction”), at Borrowers’ request which shall be made by Borrowers not
earlier than three months prior to the anticipated effective date of the Sunnyvale Property Transaction, Agent shall promptly execute and deliver to Borrowers such documents as Borrowers may reasonably request to evidence and effect a release of
Agent’s security interest in and Lien on such property, including, without limitation, reconveyance documents and UCC-3 termination statements each in appropriate form for recording in the County Recorder’s Office for the County of Santa
Clara, California (collectively, the “Sunnyvale Release Documents”). The Sunnyvale Release Documents shall be deposited into escrow with the title company handling the Sunnyvale Property Transaction and such title company shall be
instructed to not release or record such Sunnyvale Release Documents, and such Sunnyvale Release Documents shall not be deemed to be effective, until the closing of the Sunnyvale Property Transaction. If the Sunnyvale Property Transaction does not
occur within six months following the deposit of the Sunnyvale Release Documents into escrow, such Sunnyvale Release Documents shall be deemed to be of no further force and effect and returned to Agent. 

  
 5 

 E. The limited consents and agreements set forth above shall be effective
for the purposes set forth above and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice
any right or remedy which Agent or Lenders may now have or may have in the future under or in connection with any Loan Document. 
 Section 3. Amendments to the Guarantor Security Agreement. Agent, the Required Lenders, and Guarantors agree that the Guarantor Security Agreement is hereby amended as of the Amendment Number Three
Effective Date (as defined in Section 4) as follows: 
 A. Section 4.01(c)(ii) is hereby
deleted in its entirety and replaced with the following: 
 (ii) any other Deposit Accounts where the aggregate
on balance on deposit therein does not at the end of any Business Day exceed $250,000 so long as the amount on deposit at the end of any Business Day in all such other Deposit Accounts does not exceed $1,000,000 in the aggregate 

Section 4. Conditions Precedent. The satisfaction of each of the following shall constitute conditions precedent
to the effectiveness of this Amendment and each and every provision hereof, and this Amendment shall be effective as of the date upon which such conditions precedent shall be fully and completely satisfied (such date being the “Amendment
Number Three Effective Date”): 
 A. Amendment. Agent shall have received, (i) one or more
counterparts of this Amendment duly executed by Borrowers, Guarantors and Lenders and (ii) a certificate signed by a Senior Officer of Borrowers and each other Obligor, as of the Amendment Number Three Effective Date, certifying (x) the
truth of the representations and warranties contained in the Loan Agreement or any other Loan Document in all material respects on and as of the Amendment Number Three Effective Date with the same effect as though made on and as of such date except
to the extent such representations and warranties expressly relate to an earlier date, in which case they were true and correct in all material respects as of such earlier date and (y) that there has been no event or circumstance since
December 26, 2010 that has or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect other than as a result of the Chapter 11 Case or as described in the Disclosure Statement related to the Plan
of Reorganization dated December 16, 2009 or in Borrowers’ filings with the SEC made prior to the Closing Date. 
 B. Term Loan Amendment. A fully executed copy of Amendment No. 5 and Consent to the Term Loan Agreement. 

C. Fees. Agent (including its Affiliates) shall have received from Borrowers payment in immediately available
funds of all costs and expenses of Agent (including reasonable fees and out-of-pocket expenses of counsel for Agent) accrued and outstanding on the Amendment Number Three Effective Date, including in connection with this Amendment, as required by
the Loan Agreement. 

  
 6 

 Section 5. Acknowledgment and Reaffirmation of Guaranty. Each
Guarantor (i) consents to and approves the execution and delivery of this Amendment by the parties hereto, (ii) agrees that this Amendment does not and shall not limit or diminish in any manner the obligations of such Guarantor pursuant to
the guaranty agreement delivered in connection with the Loan Agreement (the “Guaranty”) by such Guarantor and that such obligations would not be limited or diminished in any manner even if such Guarantor had not reaffirmed this
Amendment, (iii) agrees that this Amendment shall not be construed as requiring the consent of such Guarantor in any other circumstance, (iv) reaffirms each of its obligations under the Guaranty, and (v) agrees that the Guaranty
remains in full force and effect and is hereby ratified and confirmed. 
 Section 6. Miscellaneous.

 A. Survival of Representations and Warranties. All representations and warranties made in the Loan
Agreement or any other document or documents relating thereto, including, without limitation, any Loan Document furnished in connection with this Amendment, shall survive the execution and delivery of this Amendment and the other Loan Documents, and
no investigation by Agent or the Lenders or any closing shall affect the representations and warranties or the right of Agent or the Lenders to rely thereon. 
 B. Reference to Loan Agreement and Guarantor Security Agreement. The Loan Agreement and the Guarantor Security Agreement and each of the other Loan Documents, and any and all other agreements,
documents or instruments now or hereafter executed and delivered pursuant to the terms hereof, or pursuant to the terms of the Loan Agreement and the Guarantor Security Agreement, each as amended hereby, are hereby amended so that any reference
therein to the Loan Agreement or the Security Agreement shall mean a reference to the Loan Agreement or the Guarantor Security Agreement, as applicable, each as amended hereby. 

C. Loan Agreement Remains in Effect. The Loan Agreement and the other Loan Documents, as amended hereby, remain in
full force and effect and each Borrower ratifies and confirms its agreements and covenants contained therein. Each Borrower hereby confirms that, after giving effect to this Amendment, no Event of Default or Default exists as of the effective date
of this Amendment. 
 D. Severability. Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable. 

E. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT
GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS). 
 F. Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of Agent, the Lenders, and Borrowers and their respective successors and assigns;

  
 7 

 
provided, however, that no Borrower may assign or transfer any of its rights or obligations hereunder without the prior written consent of the Lenders. 

G. Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall
be deemed to be an original, but all of which when taken together shall constitute one and the same instrument. 

H. Headings. The headings, captions and arrangements used in this Amendment are for convenience only and shall not
affect the interpretation of this Amendment. 
 I. NO ORAL AGREEMENTS. THIS AMENDMENT, TOGETHER WITH THE
OTHER LOAN DOCUMENTS AS WRITTEN, REPRESENTS THE FINAL AGREEMENT AMONG AGENT, THE LENDERS, AND BORROWERS AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG AGENT, THE LENDERS, AND BORROWERS. 
 ***** 

  
 8 

 IN WITNESS WHEREOF, the parties have executed this Amendment on the date
first above written. 
  

			
	 “BORROWER”

	
	 SPANSION LLC, 
 a Delaware limited liability company

	
	 By: /s/ James P. Reid

	 Name: James P. Reid

	 Title: EVP, Sales & Marketing

  

			
	 “PARENT” AND “GUARANTOR”

	
	 SPANSION INC.,
 a Delaware corporation

	
	 By: /s/ James P. Reid

	 Name: James P. Reid

	 Title: EVP, Sales & Marketing

 
			
	 “GUARANTORS”

	
	 SPANSION TECHNOLOGY LLC,
 a Delaware corporation

	
	 By: /s/ Carmine R. Renzulli

	 Name: Carmine R. Renzulli

	 Title: Vice President and Secretary

	
	 SPANSION INTERNATIONAL, INC.,
 a Delaware corporation

	
	 By: /s/ Carmine R. Renzulli

	 Name: Carmine R. Renzulli

	 Title: Vice President and Secretary

	
	 CERIUM LABORATORIES LLC,
 a Delaware limited liability company

	
	 By: /s/ Carmine R. Renzulli

	 Name: Carmine R. Renzulli

	 Title: Vice President and Secretary

			
	 AGENT AND LENDERS:

	
	 BANK OF AMERICA, N.A.,
 as Agent and a Lender

	
	 By: /s/ Steven W. Sharp

	 Name: Steven W. Sharp

	 Title: Vice President

			
	 WELLS FARGO CAPITAL FINANCE, LLC,

	 as a Lender

	
	 By: Krista Wade

	 Name: Krista Wade

	 Title: Vice President

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