Document:

Unassociated Document

    
      
        Exhibit
          4.3

      

       

      EUROBANCSHARES,
        INC.

      2005
        STOCK OPTION PLAN

       

      NONSTATUTORY
        STOCK OPTION AGREEMENT

       

      THIS
        OPTION AGREEMENT (the “Option Agreement”) is made and entered into effective as
        of ___________, (the “Date of Grant”) between EuroBancshares, Inc. (the
“Company”), and ___________________ (the “Optionee”) in connection with the
        grant of an Option under the EuroBancshares, Inc. 2005 Stock Option Plan
        (the
“Plan”). For purposes of this Option Agreement, defined terms shall have the
        meanings given to them by the Plan.

       

      W
        I T N E S S E T H:

       

      WHEREAS,
        the Optionee is an Employee of, or performs services as a Director or Consultant
        of, the Company, a Related Corporation or the Bank.

       

      WHEREAS,
        the Company desires to encourage the Optionee to own Shares and to give him
        added incentive to advance the interests of the Company and the Bank through
        the
        Plan; 

       

      WHEREAS,
        the Company desires to grant the Optionee an Option to purchase Shares under
        terms and conditions established by the Administrator;

       

      NOW,
        THEREFORE, in consideration of these premises, the parties agree that the
        following shall constitute the Option Agreement between the Company and the
        Optionee:

       

      1.  Grant
        of Nonstatutory Option.
        Subject
        to the terms and conditions set forth in the Plan and this Option Agreement,
        the
        Company grants to the Optionee an Option to purchase from the Company during
        the
        period ending _____ years from the date of this Option Agreement __________
        Shares at an Exercise Price of $_____
        per
        share, subject to adjustment, if any, as provided in the Plan. 

       

      The
        Options granted under this Option Agreement shall become exercisable according
        to the following schedule:

      
        	 	 
	
                Shares
                  Exercisable

              	
                Date
                  Exercisable

              
	 	 
	 	 
	 	 

      

      

      Notwithstanding
        the above, all Options shall become fully Vested and exercisable immediately
        upon the occurrence of any of a Change in Control, as described in Section
        2(f)
        of the
        Plan.

       

      2.  Exercise
        Rights.
        The
        Option granted pursuant to
        Paragraph 1 may
        be
        exercised during its term in full or in part, to the extent Vested, as to
        any
        number of whole Shares (but no fractional Shares), subject to the provisions
        of
        the Plan and the following provisions.

       

      Exercise
        of an Option shall not be effective until the Administrator has received
        written
        notice of exercise pursuant to Paragraph 3.
        Such
        notice must specify the number of whole Shares to be purchased and be
        accompanied by payment in full of the aggregate Exercise Price of the number
        of
        Purchased Shares purchased. The Company shall not in any case be required
        to
        sell, issue, or deliver a fractional Share with respect to any
        Option.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3.  Notice
        of Exercise.
        This
        Option may be exercised in accordance with Paragraphs
         1
        and 2
        by
        written notice to the Administrator at the address provided in this Option
        Agreement, which notice shall:

       

      
        	(a)  	
                specify
                  the number of Option Shares to be purchased and the Exercise Price
                  to be
                  paid for such Option Shares;

              

      

       

      
        	(b)  	
                if
                  the person exercising this Option is not the Optionee himself,
                  contain or
                  be accompanied by evidence satisfactory to the Administrator of
                  such
                  person’s right to exercise this
                  Option;

              

      

       

      
        	(c)  	
                be
                  accompanied by payment in full of the Exercise Price in the form
                  of cash,
                  a certified or cashier’s check to the order of the Company, or a wire
                  transfer of immediately available funds; provided,
                  however,
                  that the Administrator, in its sole discretion, may accept a personal
                  check in full or partial payment of the Exercise Price and withholding;
                  and provided,
                  further, that
                  the Optionee may , in the sole discretion of the Administrator,
                  pay the
                  Exercise Price by the surrender of Shares, including Vested, but
                  unexercised Option Shares and Purchased Shares. If the Exercise
                  Price is
                  paid with Shares, including Vested, but unexercised Option Shares
                  and
                  Purchased Shares, the amount of such payment will equal to the
                  Fair Market
                  Value on the Date of Exercise of the Shares, Vested but unexercised
                  Option
                  Shares, or Purchased Shares
                  surrendered;

              

      

       

      
        	(d)  	
                be
                  accompanied by the amount that the Company deems necessary to satisfy
                  the
                  Company’s obligation to withhold federal, state, or local income or other
                  taxes incurred by reason of the exercise. Such amount shall be
                  paid in
                  cash; provided,
                  however, that
                  such amount may, in the sole discretion of the Administrator, be
                  paid by
                  the surrender of Shares, including Vested, but unexercised Option
                  Shares,
                  and Purchased Shares. If withholding is paid with Shares, Vested
                  but
                  Unexercised Option Shares or Purchased Shares, the amount of such
                  payment
                  will be equal to the Fair Market Value on the Date of Exercise
                  of the
                  Shares, Vested but Unexercised Option Shares or Purchased Shares
                  surrendered.

              

      

       

      4.  Investment
        Letter.
        The
        Optionee agrees that the Purchased Shares shall be acquired for his own account
        for investment only and not with a view to, or for resale in connection with,
        any distribution or public offering thereof within the meaning of applicable
        securities laws. If the Administrator so determines, any Purchased Share
        certificates shall bear a legend to the effect that the Purchased Shares
        have
        been so acquired. The Company may, but in no event shall be required to,
        bear
        any expenses of complying with applicable securities laws or the rules and
        regulations of any national securities exchange or other regulatory authority
        in
        connection with the registration, qualification, or transfer, as the case
        may
        be, of this Option or any Purchased Shares. The foregoing restrictions on
        the
        transfer of the Purchased Shares shall be inoperative if: (a) the Company
        previously shall have been furnished with an opinion of counsel, satisfactory
        to
        it, to the effect that such transfer will not require registration under
        applicable securities laws, or (b) the Purchased Shares shall have been duly
        registered in compliance with applicable securities laws.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      5.  Transferability
        and Exercise Restrictions.
        This
        Option shall not be sold, transferred, assigned, pledged, alienated, or
        encumbered in any manner except by will or by the laws of descent and
        distribution. During the Optionee’s lifetime this Option may be exercised only
        by Optionee. Any attempt to transfer, assign, pledge, alienate, encumber,
        or
        otherwise dispose of this Option contrary to the provisions of the Plan or
        this
        Option Agreement, whether voluntary or involuntary, by operation of law or
        otherwise, except a transfer by will or by the laws of descent or distribution,
        shall be null and void and without effect.

       

      6.  Status
        of Optionee.
        The
        Optionee shall have no right as a shareholder with respect to any Option
        Shares
        until a certificate representing such Purchased Shares is issued to him.
        No
        adjustment shall be made for dividends (ordinary or extraordinary, whether
        in
        cash or other property), distributions, or other rights for which the record
        date is prior to the date such certificate is issued, except as provided
        in
Section
        9
        of the
        Plan.

       

      7.  No
        Effect on Capital Structure.
        This
        Option Agreement shall not affect the right of the Company to reclassify,
        recapitalize, or otherwise change its capital or debt structure or to merge,
        consolidate, convey any or all of its assets, dissolve, liquidate, windup,
        or
        otherwise reorganize.

       

      8.  Termination
        of Option.
        If an
        Optionee ceases to be an Eligible Person for any reason other than death,
        disability, or retirement, the Option shall terminate on the ninetieth
        (90th)
        day
        after such cessation, unless such cessation is due to Separation for Cause
        (as
        defined in the Plan), in which event the Option shall terminate immediately
        upon
        such Separation for Cause. If an Optionee ceases to be an Eligible Person
        by
        reason of death, the Optionee’s designated beneficiary shall have the right for
        twelve (12) months after the date of death to exercise the Option, to the
        extent
        such Option is otherwise exercisable on such date. At the end of any such
        twelve
        (12) month period described above the Option shall terminate and cease to
        be
        exercisable. The Optionee’s estate, heirs or legatees, as the case may be, shall
        have the rights of a beneficiary. If an Optionee ceases to be an Eligible
        Person
        by reason of disability, Optionee shall have the right for twelve (12) months
        after the date of disability to exercise the Option, to the extent such Option
        is otherwise exercisable on such date. If an Optionee ceases to be an Eligible
        Person by reason of retirement, the Optionee shall have the right for three
        (3)
        months after the date of retirement to exercise the Option, to the extent
        such
        Option is otherwise exercisable on such date. Notwithstanding any other
        provision of this Plan, this Option shall not be exercisable after the period
        specified in Section
        8
        of the
        Plan. 

       

      9.  Administrator’s
        Authority.
        Any
        question concerning the interpretation of this Agreement, any adjustments
        required to be made under this Agreement, and any controversy which may arise
        under this Agreement shall be determined by the Administrator in its sole
        discretion.

       

      10.  Plan
        Controls.
        The
        terms of this Option Agreement are governed by the terms of the Plan, a copy
        of
        which has been provided to Optionee and is made a part of this Option Agreement
        as if fully set forth in this Option Agreement, and in the case of any
        inconsistency between the terms of this Option Agreement and the Plan that
        is
        not expressly authorized by the terms of the Plan, the terms of the Plan
        shall
        control.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      11.  Notice.
        Whenever
        any notice is required or permitted under this Option Agreement, such notice
        must be in writing and delivered (personally or by courier), telecopied (if
        confirmed) or sent by mail. Any notice required or permitted to be delivered
        under this Option Agreement shall be deemed to be delivered on the date which
        it
        is personally delivered, or, whether actually received or not, on the third
        business day after it is deposited in the United States mail, certified or
        registered, postage prepaid, addressed to the person who is to receive it
        at the
        address which such person has previously specified by written notice delivered
        in accordance with this Option Agreement. The Company or Optionee may change,
        at
        any time and from time to time, by written notice to the other, the address
        previously specified for receiving notices. It is the Optionee’s responsibility
        to provide a current address to the Board. Failure to do so will forfeit
        Optionee’s right to any notices otherwise required. Until changed in accordance
        with this Option Agreement, the Company and the Optionee specify their
        respective addresses as set forth below:

      
        
          	 	 	 
	 	Administrator: 	EuroBancshares,
                  Inc. 
	 	 	Attention: President & Chief Executive
                  Officer 
	 	 	270 Muñoz
                  Rivera 
	 	 	San Juan, Puerto Rico
                  00918 
	 	 	 
	 	Company: 	EuroBancshares, Inc. 
	 	 	Attention: President & Chief Executive
                  Officer 
	 	 	270 Muñoz
                  Rivera 
	 	 	San Juan, Puerto Rico
                  00918 
	 	 	 
	 	Optionee: 	
                  

                   
	 	 	
                  

                    
	 	 	
                  

                    

        
12.  Information
        Confidential.
        As
        partial consideration for the granting of this Option, the Optionee agrees
        that
        he will keep confidential all information and knowledge that he has relating
        to
        the manner and amount of participation in the Plan; provided, that such
        information may be disclosed as required by law and may be given in confidence
        to the Optionee’s spouse, tax and financial advisors, or to a financial
        institution to the extent that such information is necessary to secure a
        loan.

       

      13.  Disclosure
        and Discussion Obligations.
        By
        accepting an Option under the Plan, the Optionee agrees (i) that he will
        not
        disclose any confidential financial or other information regarding the Company
        or its subsidiaries to any person or entity without the prior written consent
        of
        the Board; (ii) that he will not initiate or engage in any discussions with
        any
        person or entity regarding any merger, consolidation or sale of all or a
        significant portion of the assets of the Company or its subsidiaries without
        the
        prior written consent of the Board; and (iii) that he will immediately report
        to
        the Board any unsolicited inquiry received from any person or entity regarding
        a
        merger, consolidation or sale of all or a significant portion of the assets
        of
        the Company or its subsidiaries.

       

      14.  Governing
        Law.
        The
        provisions of this Option Agreement shall be governed by the contract law
        of the
        Commonwealth of Puerto Rico.

       

      [Signature
        Page Follows]

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        Company and the Optionee have executed this Option Agreement. 

      
        	 	 	 
	 	EUROBANCSHARES,
                INC.
	 
 	 
 	 
 
	 	By:  	
                
  
	 	Its: 	
                

                  
	 	Date:  	
                

                  
	 	OPTIONEE 
	 	 	 
	 	 	 
	 	
                

                  
	 	Date:  	
                

                  

      

    

     

     

    
      
        
        

      

      5EXHIBIT 4.1

                          FREESCALE SEMICONDUCTOR, INC.
                         6501 William Cannon Drive West
                               Austin, Texas 78735

                               September 23, 2005

Mellon Investor Services LLC
600 North Pearl Street, Suite 1010
Dallas, Texas 75201
Attention: Client Relationship Executive

Mellon Investor Services LLC
Newport Office Centre VII
480 Washington Boulevard
Jersey City, New Jersey 07310
Attention: Legal Department

                     Re: First Amendment to Rights Agreement
                         -----------------------------------

Ladies and Gentlemen:

                  Pursuant to Section 27 of the Rights Agreement, dated as of
July 7, 2004 (the "Rights Agreement"), between Freescale Semiconductor, Inc., a
Delaware corporation (the "Company"), and Mellon Investor Services LLC, as
rights agent (the "Rights Agent"), the Company, by resolution adopted by its
Board of Directors, hereby amends the Rights Agreement as follows (this
"Amendment"):

<PAGE>

                  1. The second paragraph of the preamble to the Rights
Agreement is hereby amended and restated in its entirety as follows:

                  "The Board of Directors of the Company has authorized and
         declared a dividend of one preferred share purchase right (a "Class A
         Right") for each Class A Common Share (as hereinafter defined) of the
         Company outstanding on July 20, 2004 (the "Record Date") and a dividend
         of one preferred share purchase right (a "Class B Right") for each
         Class B Common Share (as hereinafter defined) of the Company
         outstanding on the Record Date (the Class A Rights and Class B Rights
         together, the "Rights"), each Right representing the right to purchase
         one one-hundredth of a Preferred Share (as hereinafter defined), upon
         the terms and subject to the conditions herein set forth, and has
         further authorized and directed the issuance of one Class A Right with
         respect to each Class A Common Share and one Class B Right with respect
         to each Class B Common Share that shall become outstanding between the
         Record Date and the earliest of the Distribution Date, the Redemption
         Date and the Final Expiration Date (as such terms are hereinafter
         defined)."

                  2. Paragraph (a) of Section 1 of the Rights Agreement is
hereby amended and restated in its entirety as follows:

         "(a) `Acquiring Person' shall mean any Person who or which, together
         with all Affiliates and Associates of such Person, shall be the
         Beneficial Owner of (i) 15% or more of the Class B Common Shares then
         outstanding or (ii) any combination of Class A Common Shares and Class
         B Common Shares representing 15% or more of the Common Shares then
         outstanding, but shall not include (A) the Company, (B) any Subsidiary
         of the Company, (C) any employee benefit plan of the Company or any
         Subsidiary of the Company, or (D) any entity holding Common Shares for
         or pursuant to the terms of any such plan. Notwithstanding the
         foregoing, no Person shall become an `Acquiring Person' as the result
         of an acquisition of Common Shares by the Company which, by reducing
         the number of Common Shares outstanding, increases the proportionate
         number of Common Shares beneficially owned by such Person to (i) 15% or
         more of the Class B Common Shares then outstanding or (ii) any
         combination of Class A Common Shares and Class B Common Shares
         representing 15% or more of the Common Shares then outstanding;
         provided, however, that, if a Person shall become the Beneficial Owner
         of (i) 15% or more of the Class B Common Shares then outstanding or
         (ii) any combination of Class A Common Shares and Class B Common Shares
         representing 15% or more of the Common Shares then outstanding, by
         reason of share purchases by the Company and shall, after such share
         purchases by the Company, become the Beneficial Owner of any additional
         Common Shares, other than as a result of a stock dividend, stock split
         or similar transaction effected by the Company in which all holders of
         Common Shares are treated equally, then such Person shall be deemed to
         be an `Acquiring Person.' Notwithstanding the foregoing, if the Board
         of Directors of the Company determines in good faith that a Person who
         would otherwise be an `Acquiring Person,' as defined pursuant to the
         foregoing provisions of this paragraph (a), has become such
         inadvertently, and such Person divests as promptly as practicable a
         sufficient number of Common Shares so that such Person would no longer
         be an `Acquiring Person,' as defined pursuant to the foregoing
         provisions of this paragraph (a), then such Person shall not be deemed
         to be an `Acquiring Person' for any purposes of this Agreement."

<PAGE>

                  3. Paragraph (a) of Section 3 of the Rights Agreement is
hereby amended and restated in its entirety as follows:

         "Section 3. Issue of Right Certificates. (a) Until the earlier of (i)
         the tenth day after the Shares Acquisition Date or (ii) the tenth
         Business Day (or such later date as may be determined by action of the
         Board of Directors of the Company prior to such time as any Person
         becomes an Acquiring Person) after the date of the commencement by any
         Person (other than the Company, any Subsidiary of the Company, any
         employee benefit plan of the Company or of any Subsidiary of the
         Company or any entity holding Common Shares for or pursuant to the
         terms of any such plan) of a tender or exchange offer the consummation
         of which would result in any Person becoming the Beneficial Owner of
         (A) 15% or more of the then outstanding Class B Common Shares or (B)
         any combination of Class A Common Shares and Class B Common Shares
         representing 15% or more of the then outstanding Common Shares
         (including any such date which is after the date of this Agreement and
         prior to the issuance of the Rights; the earlier of such dates being
         herein referred to as the `Distribution Date'), (x) the Rights will be
         evidenced (subject to the provisions of Section 3(b) hereof) by the
         certificates for Common Shares of the Company registered in the names
         of the holders thereof (which certificates shall also be deemed to be
         Right Certificates) and not by separate Right Certificates, and (y) the
         right to receive Right Certificates will be transferable only in
         connection with the transfer of Common Shares of the Company. As soon
         as practicable after the Rights Agent receives written notice of a
         Distribution Date, the Company will prepare and execute, the Rights
         Agent will countersign, and the Company will send or cause to be sent
         (and the Rights Agent will, if so requested in writing, and provided
         with all reasonably necessary information, send) by first-class,
         insured, postage-prepaid mail, to each record holder of Common Shares
         as of the Close of Business on the Distribution Date, at the address of
         such holder shown on the records of the Company, a Class A Right
         Certificate, in substantially the form of Annex B hereto (a `Class A
         Right Certificate'), evidencing one Class A Right for each Class A
         Common Share so held, and a Class B Right Certificate, in substantially
         the form of Annex C hereto (a `Class B Right Certificate,' together
         with the Class A Right Certificate, the `Right Certificates'),
         evidencing one Class B Right for each Class B Common Share so held. As
         of the Distribution Date, the Rights will be evidenced solely by such
         Right Certificates. The Company shall notify the Rights Agent in
         writing upon the occurrence of the Distribution Date."

                  4. Section 26 of the Rights Agreement is hereby amended and
restated in its entirety as follows, and the Company and the Rights Agent hereby
agree that the addresses set forth in this Section 4 shall constitute the proper
addresses for notice relating to this Amendment:

                  "Section 26. Notices. Notices or demands authorized by this
         Agreement to be given or made by the Rights Agent or by the holder of
         any Right Certificate to or on the Company shall be sufficiently given
         or made if sent by first-class mail, postage prepaid, addressed (until
         another address is filed in writing with the Rights Agent) or by
         facsimile transmission as follows:

<PAGE>

                     Freescale Semiconductor, Inc.
                     6501 William Cannon Drive West
                     Austin, TX 78735
                     Attention: Law Department - Corporate Secretary
                     Facsimile No.: (512) 996-6853

         Subject to the provisions of Section 21 hereof, any notice or demand
         authorized by this Agreement to be given or made by the Company or by
         the holder of any Right Certificate to or on the Rights Agent shall be
         sufficiently given or made if sent by first-class mail, postage
         prepaid, addressed (until another address is filed in writing with the
         Company) or by facsimile transmission as follows:

                     Mellon Investor Services LLC
                     600 North Pearl Street, Suite 1010
                     Dallas, Texas 75201
                     Facsimile No.: (214) 922-4455
                     Attention: Client Relationship Executive

                     with a copy to:

                     Mellon Investor Services LLC
                     Newport Office Centre VII
                     480 Washington Boulevard
                     Jersey City, New Jersey 07310
                     Facsimile No.: (201) 680-4610
                     Attention: Legal Department

         Notices or demands authorized by this Agreement to be given or made by
         the Company or the Rights Agent to the holder of any Right Certificate
         shall be sufficiently given or made if sent by first-class mail,
         postage prepaid, addressed to such holder at the address of such holder
         as shown on the registry of the Company."

                  5. Section 27 of the Rights Agreement is hereby amended and
restated in its entirety as follows:

         "Section 27. Supplements and Amendments. The Company may from time to
         time supplement or amend this Agreement without the approval of any
         holders of Right Certificates subject to the other terms and conditions
         of this Agreement in order to cure any ambiguity, to correct or
         supplement any provision contained herein, which may be defective or
         inconsistent with any other provisions herein, to shorten or lengthen
         any time period hereunder or to make any other provisions with respect
         to the Rights which the Company may deem necessary or desirable, any
         such supplement or amendment to be evidenced by a writing signed by the
         Company and the Rights Agent; provided, however, that, from and after
         such time as any Person becomes an Acquiring Person, this Agreement

<PAGE>

         shall not be amended in any manner which would adversely affect the
         interests of the holders of Rights. Without limiting the foregoing, the
         Company may at any time prior to such time as any Person becomes an
         Acquiring Person amend this Agreement (A) to make the provisions of
         this Agreement inapplicable to a particular transaction by which a
         Person would otherwise become an Acquiring Person or to otherwise alter
         the terms and conditions of this Agreement as they may apply with
         respect to any such transaction, and; (B) to lower the thresholds set
         forth in Section 1(a) and 3(a) hereof to not less than (i) 10% or more
         of the Class B Common Shares then outstanding or (ii) any combination
         of Class A Common Shares and Class B Common Shares representing 10% or
         more of the Common Shares then outstanding (the "Reduced Threshold");
         provided, however, that no Person who beneficially owns a number of
         Class B Common Shares or a combination of Class A and Class B Common
         Shares equal to or greater than the Reduced Threshold shall become an
         Acquiring Person because of such amendment unless such Person shall,
         after the public announcement of the Reduced Threshold (with written
         notice to the Rights Agent of such public announcement), increase its
         beneficial ownership of the then outstanding Class B Common Shares or
         combination of Class A and Class B Common Shares (other than as a
         result of an acquisition of Common Shares by the Company or as a result
         of a stock dividend, stock split or similar transaction effected by the
         Company in which all holders of Common Shares are treated equally) to
         an amount equal to or greater than the greater of (x) the Reduced
         Threshold or (y) the sum of (i) the lowest beneficial ownership of such
         Person as a percentage of the outstanding Class B Common Shares as of
         any date on or after the date of the public announcement of such
         Reduced Threshold, plus .001%, or (ii) the lowest beneficial ownership
         of such Person as a percentage of a combination of the outstanding
         Class A and Class B Common Shares as of any date on or after the date
         of the public announcement of such Reduced Threshold, plus .001%. Upon
         delivery of a certificate from an appropriate officer of the Company
         and, if requested by the Rights Agent, an opinion of counsel, that
         states that the proposed supplement or amendment is in compliance with
         the terms of this Section 27, the Rights Agent shall execute such
         supplement or amendment. Notwithstanding anything contained in this
         Agreement to the contrary, the Rights Agent may, but shall not be
         obligated to, enter into any supplement or amendment that affects the
         Rights Agent's own rights, duties, obligations or immunities under this
         Agreement. Prior to the Distribution Date, the interests of the holders
         of the Rights shall be deemed coincident with the interests of the
         holders of the Common Stock."

                  6. Capitalized terms used without other definition in this
Amendment shall be used as defined in the Rights Agreement.

                  7. This Amendment shall be deemed to be a contract made under
the laws of the State of Delaware and for all purposes shall be governed by and
construed in accordance with the laws of such state applicable to contracts to
be made and performed entirely within such state.

                  8. This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and
the same instrument.

<PAGE>

                  9. This Amendment shall be effective as of the date first
written above, and all references to the Rights Agreement shall from and after
such time be deemed to be references to the Rights Agreement as amended hereby.

                      [Signatures Appear on Following Page]

<PAGE>

                                                 Very truly yours,

                                                 FREESCALE SEMICONDUCTOR, INC.

                                           By:        /s/ John D. Torres
                                                 -------------------------------
                                           Name: John D. Torres
                                           Title: Senior Vice President,
                                                  Secretary and General Counsel

         Accepted and agreed to as of the

         effective time specified above:

         MELLON INVESTOR SERVICES LLC

By:      /s/ Mona L. Vorhees
    -----------------------------------------

         Name: Mona L. Vorhees

         Title: Assistant Vice President

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