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EXHIBIT 4.9    
  

 
 

EXHIBIT A    
  

 
  FORM OF GLOBAL WARRANT    
  

MICRON TECHNOLOGY, INC.  

	No. ____________	 	CUSIP No. 595112111

THE
SECURITY EVIDENCED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. BY ACQUISITION
HEREOF, THE HOLDER: 

(1)
REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT, (B) IT IS A NON-U.S. PERSON OUTSIDE THE
UNITED STATES ACQUIRING THE SECURITY IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL "ACCREDITED INVESTOR" AS DEFINED IN RULE 501(A)(1), (2),
(3) OR (7) UNDER THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED INVESTOR") THAT IS PURCHASING AT LEAST $100,000 IN AGGREGATE AMOUNT OF SECURITIES; 

(2)
AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER (I) WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF THE SECURITIES EVIDENCED HEREBY OR (II) IF SUCH HOLDER IS AN AFFILIATE OF THE
COMPANY, AT ANY TIME DURING THE THREE MONTHS FOLLOWING SUCH HOLDER'S ACQUISITION OF THE SECURITIES, THE SECURITY EVIDENCED HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY EXCEPT
(A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT TO AN INSTITUTIONAL ACCREDITED INVESTOR THAT IS PURCHASING AT LEAST $100,000 IN AGGREGATE AMOUNT OF SECURITIES AND THAT PRIOR TO SUCH TRANSFER, FURNISHES TO WELLS
FARGO BANK MINNESOTA, N.A., AS WARRANT AGENT, A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND WARRANTIES RELATING TO THE RESTRICTIONS ON TRANSFER OF THE SECURITY EVIDENCED HEREBY (THE FORM OF
LETTER CAN BE OBTAINED FROM SUCH WARRANT AGENT), (D) TO A NON-U.S. PERSON OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT, (E) PURSUANT TO
THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER; AND 

(3)
AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THE SECURITY EVIDENCED HEREBY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (2)(F) ABOVE) A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
LEGEND. 

IN
CONNECTION WITH ANY TRANSFER OF THE SECURITY EVIDENCED HEREBY WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF SUCH SECURITY (OTHER 

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THAN A TRANSFER PURSUANT TO CLAUSE (2)(F) ABOVE), THE HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE CERTIFICATE (AVAILABLE FROM THE WARRANT AGENT) RELATING TO THE MANNER OF SUCH TRANSFER AND
SUBMIT THIS CERTIFICATE TO THE WARRANT AGENT. IF THE PROPOSED TRANSFER IS PURSUANT TO CLAUSE (2)(C) OR (2)(E) ABOVE, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE WARRANT AGENT (OR ANY
SUCCESSOR WARRANT AGENT, AS APPLICABLE) SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THE COMPANY MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN
EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THE SECURITY EVIDENCED HEREBY PURSUANT TO CLAUSE (2)(F)
ABOVE OR THE EXPIRATION OF TWO YEARS FROM THE ORIGINAL ISSUANCE OF THE SECURITY EVIDENCED HEREBY. AS USED HEREIN, THE TERMS "UNITED STATES" AND "U.S. PERSON" HAVE THE MEANINGS GIVEN TO THEM BY
REGULATION S UNDER THE SECURITIES ACT. 

UNLESS
THIS GLOBAL WARRANT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO MICRON TECHNOLOGY, INC., THE CUSTODIAN OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFER
OF THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO MICRON TECHNOLOGY, INC., DTC, THEIR SUCCESSORS AND THEIR RESPECTIVE NOMINEES AND TRANSFERS OF
INTERESTS IN THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 1.07 OF THE WARRANT AGREEMENT, DATED AS OF JULY 18, 2001, BETWEEN MICRON
TECHNOLOGY, INC. AND THE WARRANT AGENT NAMED THEREIN, PURSUANT TO WHICH THIS WARRANT WAS ISSUED. 

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GLOBAL WARRANT    
  

REPRESENTING WARRANTS TO PURCHASE COMMON STOCK

EXPIRING MAY 15, 2008  

    This certifies that CEDE & CO., or its registered assigns, is the registered owner of the number of Warrants set forth on Schedule A hereto, each
expiring May 15, 2008, and each of which entitles the registered owner thereof (the "Warrantholder") to purchase, subject to certain conditions set forth
below, after July 18, 2001, from MICRON TECHNOLOGY, INC., a Delaware corporation ("the Company"), one share of Common Stock, par value $0.10 per share, of the Company at the purchase
price of $56.00 per share of Common Stock (the "Exercise Price"), subject to adjustment as provided in the Warrant Agreement hereinafter referred to. 

    The
Warrants evidenced by this Global Warrant are issued under and in accordance with the Warrant Agreement, dated as of July 18, 2001 (the "Warrant Agreement"), between the
Company and Wells Fargo Bank Minnesota, N.A., as Warrant Agent, and the Registration Rights Agreement, dated of even date therewith (the "Registration Rights Agreement"), between the Company and
Lehman Brothers Inc., and are subject to the terms and provisions contained therein, to all of which terms and provisions the beneficial owners of the Warrants, the entities through which such
beneficial owners hold their beneficial interests in the Warrants and the holder of this Global Warrant consent by acceptance of this Global Warrant and which Warrant Agreement and Registration Rights
Agreement are hereby incorporated by reference in and made a part of this Global Warrant. 

    Reference
is hereby made to the Warrant Agreement and the Registration Rights Agreement for a full description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Company and the Warrantholders. The summary of the terms of the Warrant Agreement and the Registration Rights Agreement contained in this Global Warrant is qualified in its entirety
by express reference to such agreements. All capitalized terms used but not defined in this Global Warrant shall have the meanings assigned to them in the Warrant Agreement. 

    As
provided in the Warrant Agreement, and subject to the terms and conditions set forth therein, the Warrants shall be exercisable at any time during the period commencing on the day
after the date of the Warrant Agreement and ending at 5:00 p.m., New York time, on May 15, 2008 (the "Expiration Date"); provided,
however, subject to Section 2.01 of the Warrant Agreement, any Warrants exercised during the period commencing with the date upon which the Company is required to
maintain the effectiveness of the Common Shelf Registration Statement pursuant to Section 5.03(b) of the Warrant Agreement and ending on the Expiration Date shall be deemed to have been
exercised on the Expiration Date; provided, further, that if the Company provides a Net Issue Exercise Notice pursuant to Section 2.01 of the
Warrant Agreement on or subsequent to the second Trading Day in advance of the Expiration Date, all Warrants exercised from the date of the Cash Exercise Notice until the date of the Net Issue
Exercise Notice shall be deemed to be exercised on the Expiration Date. If the Expiration Date shall not be a Business Day, then a Warrant may be exercised on the next succeeding Business Day. 

    Whenever
some but not all of the Warrants represented hereby are exercised in accordance with the Warrant Agreement, this Global Warrant shall be surrendered by the Warrantholder to
the Warrant Agent who shall cause an adjustment to be made to Schedule A hereto so that the number of Warrants represented hereby will be equal to the number of Warrants theretofore represented
by this Global Warrant less the number of Warrants then exercised. The Warrant Agent shall thereafter return this Global Warrant to such Warrantholder. 

    The
Exercise Price and the number of shares of Common Stock purchasable upon exercise of each Warrant are subject to adjustment as provided in the Warrant Agreement. If, as described
in Section 3.05 of the Warrant Agreement, the Company reclassifies or changes the shares of Common 

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Stock purchasable upon exercise, or consolidates with, merges with or into, any person, each Warrant shall, after such reclassification, change, consolidation or merger, entitle the holder thereof to
receive, upon exercise, only the kind and amount of shares and/or other securities receivable upon such reclassification, change, consolidation or merger by a holder of the number of shares of Common
Stock into which such Warrant was exercisable prior to such event. The Exercise Price for the shares and/or other securities so issuable shall be an amount equal to the Exercise Price per share of
Common Stock immediately prior to such event.

    Subject
to the provisions of Article IV of the Warrant Agreement, each Warrantholder shall have the right, upon a Change of Control and at such Warrantholder's option, to
require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's Warrants not theretofore called for repurchase, or any portion of Warrants
held by such Warrantholder, on the date that is 45 days after the date of the Change of Control Notice at a purchase price equal to the Repurchase Price. At the option of the Company, the
Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth Section 4.02 of the Warrant Agreement, by delivery of the number of shares of
Common Stock, valued at 95% of the Market Price of such shares, equal to the Repurchase Price. 

    As
to any fraction of a share which the same holder of one or more Warrants would otherwise be entitled to purchase upon exercise thereof in the same transaction, the Company shall
purchase such fraction for an amount in cash equal to the then-current market value of such fraction determined as provided in the Warrant Agreement. 

    The
Company covenants that it will at all times through 5:00 p.m. New York time on the Expiration Date (or, if the Expiration Date shall not be a Business Day, then on the
next-succeeding Business Day) reserve and keep available out of its authorized but unissued shares or shares held in treasury or a combination thereof of Common Stock, solely for the
purpose of issue upon exercise of Warrants as herein provided, the full number of shares of Common Stock, if any, then issuable if all outstanding Warrants then exercisable were to be exercised. The
Company covenants that all shares of Common Stock that shall be so issuable shall be duly and validly issued and fully paid and non-assessable. 

    The
initial issuance of certificates of Common Stock upon the exercise of Warrants shall be made without charge to the exercising Warrantholders for any tax in respect of the issuance
of such stock certificates, and such stock certificates shall be issued in the respective names of, or in such names as may be directed by, the registered holders of the Warrants exercised;  provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and
delivery of any such stock certificate, any Warrant Certificates or other securities in
a name other than that of the registered holder of the Warrant Certificate surrendered upon exercise of the Warrant, and the Company shall not be required to issue or deliver such certificates or
other securities unless and until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the
Company that such tax has been paid. 

    Pursuant
to the Registration Rights Agreement, the Company has agreed to file under the Securities Act within 90 days after the date of initial issuance of the Warrants (the
"Closing Date") a "shelf" registration statement providing for the registration of, and the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities (as defined in
the Registration Rights Agreement), pursuant to Rule 415 or any similar rule that may be adopted by the Commission (the "Shelf Registration"). The Company has agreed under the Registration
Rights Agreement to use its reasonable efforts to cause the Shelf Registration to be, to become or to be declared effective by the Commission within 180 days after the Closing Date and to keep
such Shelf Registration continuously effective for a period ending on the earlier of (i) the second anniversary of the Closing Date or 

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(ii) such time as there are no longer any Registrable Securities outstanding. Pursuant to the Registration Rights Agreement, the Company shall promptly supplement or make amendments to the
Shelf Registration, as and when required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration or by the Securities Act or rules and
regulations thereunder for shelf registration, and the Company shall furnish to the holders of the Registrable Securities copies of any such supplement or amendment prior to its being used or promptly
following its filing with the Commission 

    As
provided in the Warrant Agreement and the Registration Rights Agreement, the Warrantholders have additional rights and duties with respect to the registration of the Warrants and
Common Stock. In connection with the Shelf Registration, Warrantholders and certain other persons have the right to be indemnified and held harmless by the Company under certain circumstances in
connection with certain losses, claims, damages or liabilities, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise. The
Company also is required to follow certain procedures as directed by the Warrantholders in connection with the registration of the Warrants and the Common Stock. A Warrantholder will be required to
indemnify and hold the Company and certain other persons harmless in certain circumstances in connection with written information furnished to the Company by or on behalf such Warrantholder
specifically for use in any registration statement, or any preliminary or final or summary Prospectus contained therein or any amendment or supplement thereto. 

    By
its acceptance of any Warrant represented by a Warrant Certificate bearing the Warrant Private Placement Legend, each holder and beneficial owner of an interest in such a Warrant
acknowledges the restrictions on transfer of such a Warrant set forth in the Warrant Private Placement Legend and agrees that it will transfer such a Warrant only in accordance with the Warrant
Private Placement Legend. 

    In
connection with any transfer of a Warrant represented by a Warrant Certificate bearing the Warrant Private Placement Legend, each Warrantholder agrees to deliver to the Company: 

(i)
if such Warrant is being transferred to a qualified institutional buyer (as defined in Rule 144A under the Securities Act ("Rule 144A")) in accordance with Rule 144A, pursuant
to an exemption from registration in accordance with Rule 144, or outside the United States in an offshore transaction to a person other than a U.S. Person (as such term is defined in
Regulation S) (a "non-U.S. Person") in compliance with Regulation S, a certification to that effect from the transferee or transferor (in substantially the form attached to
the Warrant Agreement); or 

(ii)
if such Warrant is being transferred in reliance on another exemption from the registration requirements of the Securities Act, a certification to that effect (in substantially the form attached
to the Warrant Agreement) and an opinion of counsel reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act; 

provided that the Warrant Agent shall not be required to determine (but may rely on a determination made by the Company with respect to) the sufficiency
of any such certificates or opinions (collectively, "Warrant Transfer Certifications").

    Upon
the registration of transfer or exchange of or substitution for a Warrant represented by a Warrant Certificate not bearing the Warrant Private Placement Legend, the Warrant Agent
shall deliver a Warrant Certificate or Warrant Certificates that do not bear the Warrant Private Placement Legend. Upon the registration of transfer or exchange of or substitution for a Warrant
represented by a Warrant Certificate bearing the Warrant Private Placement Legend, the Warrant Agent shall deliver a Warrant Certificate or Warrant Certificates bearing the Warrant Private Placement
Legend, unless such legend 

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may be removed from such Warrant Certificate in accordance with the terms of the Warrant Agreement. Upon provision of Warrant Transfer Certifications, the Warrant Agent, at the direction of the
Company, shall countersign and deliver in exchange or substitution for the Warrant Certificate representing Warrants to be transferred or exchanged or substituted for, a Warrant Certificate or Warrant
Certificates (representing, in the aggregate, the same number of Warrants) without such legend if and to the extent such Warrants to be transferred or exchanged or substituted for are no longer
"restricted securities" within the meaning of Rule 144. If the Warrant Private Placement Legend has been removed from a Warrant Certificate, as provided above, no other Warrant Certificate
issued in exchange for all or any part of such Warrant Certificate shall bear such legend, unless the Company has reasonable cause to believe that the Warrants represented by such other Warrant
Certificate represent "restricted securities" within the meaning of Rule 144 and instructs the Warrant Agent in writing to cause a legend to appear thereon. 

    So
long as this Global Warrant is registered in the name of the Depositary or its nominee, Agent Members shall have no rights under this Agreement with respect to this Global Warrant
held on their behalf by the Depositary or the Warrant Agent as its custodian, and the Depositary may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as
the absolute owner of such Global Warrant for all purposes. Accordingly, any such owner's beneficial interest in this Global Warrant will be shown only on, and the transfer of such interest shall be
effected only through, records maintained by the Depositary or its nominee or its Agent Members, and neither the Company nor the Warrant Agent shall have any responsibility with respect to such
records maintained by the Depositary or its nominee or its Agent Members. Notwithstanding the foregoing, nothing herein shall (i) prevent the Company, the Warrant Agent or any agent of the
Company or the Warrant Agent from giving effect to any written certification, proxy or other authorization furnished by the Depositary or (ii) impair, as between the Depositary and its Agent
Members, the operation of customary practices governing the exercise of the rights of a Warrantholder. Any holder of this Global Warrant shall, by acceptance of such Global Warrant, agree that
transfers of beneficial interests in this Global Warrant may be effected only through a book entry system maintained by the holder of this Global Warrant (or its agent), and that ownership of a
beneficial interest in the Warrants represented thereby shall be required to be reflected in book entry form. 

    Transfers
of this Global Warrant shall be limited to transfers in whole, and not in part, to the Company, the Depositary, their successors, and their respective nominees. Interests of
beneficial owners in this Global Warrant will be transferred in accordance with the rules and procedures of the Depositary. 

    This
Global Warrant shall be exchanged for Certificated Warrants in the event that (i) the Depositary (x) has notified the Company that it is unwilling or unable to
continue as, or ceases to be, a clearing agency registered under Section 17A of the Exchange Act and (y) a successor to the Depositary registered as a clearing agency under
Section 17A of the Exchange Act is not able to be appointed by the Company within 90 days, (ii) the Depositary is at any time unwilling or unable to continue as Depositary and a
successor to the Depositary is not able to be appointed by the Company within 90 days, or (iii) a beneficial interest in this Global Warrant has been transferred to an Institutional
Accredited Investor or in reliance on another exemption from the registration requirements of the Securities Act, other than pursuant to Rule 144A, Rule 144 or Regulation S,
pursuant to Section 1.07(f) of the Warrant Agreement. In any such event, this Global Warrant shall be surrendered to the Warrant Agent for cancellation, and the Company shall execute, and the
Warrant Agent shall countersign and deliver, to each beneficial owner identified by the Depositary, in exchange for such beneficial owner's beneficial interest in this Global Warrant, Certificated
Warrants representing, in the aggregate, the number of Warrants theretofore represented by this Global Warrant with respect to such beneficial owner's respective beneficial interest. 

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    If a holder of a beneficial interest in this Global Warrant wishes at any time to transfer its interest in this Global Warrant to an Institutional Accredited Investor or in reliance
on another exemption from
the registration requirements of the Securities Act, such Warrantholder may, subject to the rules and procedures of the Depositary and to compliance with the provisions of
Section 1.07(b)(ii) of the Warrant Agreement, cause the exchange of such interest for one or more Certificated Warrants of any Authorized Denomination or Authorized Denominations and of
the same aggregate amount. Upon receipt by the Warrant Agent of (A) instructions from the Depositary directing the Warrant Agent to authenticate and deliver one or more Certificated Warrants of
the same aggregate amount as the beneficial interest in this Global Warrant to be exchanged, such instructions to contain the name or names of the designated transferee or transferees, the Authorized
Denomination or Authorized Denominations of the Certificated Warrants to be so issued and appropriate delivery instructions and (B) instructions from the Company to the effect that it deems
sufficient the Warrant Transfer Certifications received pursuant to Section 1.07(b)(ii) of the Warrant Agreement, then the Warrant Agent shall instruct the Depositary to reduce this
Global Warrant by the aggregate beneficial interest therein to be exchanged and to debit or cause to be debited from the account of the person making such transfer the beneficial interest in this
Global Warrant that is being transferred, and concurrently with such reduction and debit the Company shall execute, and the Warrant Agent shall authenticate and deliver, one or more Certificated
Warrants of the same Authorized Denomination in accordance with the instructions referred to above. 

    Certificated
Warrants may be transferred or exchanged for a beneficial interest in this Global Warrant only upon receipt by the Warrant Agent of a Certificated Warrant, duly endorsed
or accompanied by appropriate instruments of transfer, in form satisfactory to the Warrant Agent, together with (1) the Warrant Transfer Certifications; and (2) written instructions
directing the Warrant Agent to make, or to direct the Depositary to make, an endorsement on this Global Warrant to reflect an increase in the aggregate amount of the Warrants represented by this
Global Warrant. Upon such transfer or exchange, the Warrant Agent shall cancel such Certificated Warrant and cause, or direct the Depositary to cause, in accordance with the standing instructions and
procedures existing between the Depositary and the Warrant Agent, the number of Warrants represented by this Global Warrant to be increased accordingly. 

    The
holder of this Global Warrant may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold interests through Agent Members, to take any
action which a Warrantholder is entitled to take under this Warrant or the Warrant Agreement. 

    Prior
to the exercise of the Warrants represented hereby, the holder of this Global Warrant shall not be entitled, as such, to any rights of a stockholder of the Company, including,
without limitation, the right to vote or to consent to any action of the stockholders of the Company, to receive dividends or other distributions, to exercise any preemptive right or to receive any
notice of meetings of stockholders of the Company, and shall not be entitled to receive any notice of any proceedings of the Company except as provided in the Warrant Agreement. 

    Copies
of the Warrant Agreement are on file at the office of the Warrant Agent and may be obtained by writing to the Warrant Agent at the following address: 

	 	 	Wells Fargo Bank Minnesota, N.A.

Attn: Corporate Trust Services

MAC N9303-110

Sixth and Marquette

Minneapolis, MN 55408	 	 

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THE WARRANT AGREEMENT AND THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED
IN SAID STATE.

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    This Warrant shall not be valid for any purpose until it shall have been countersigned by the Warrant Agent. 

	Dated:	 	 	 	 
	

 	
 	

 	
 	

MICRON TECHNOLOGY, INC.
	

 	
 	

 	
 	

By:	
 	

  

	

 	
 	

 	
 	

Name:	
 	

 
	

 	
 	

 	
 	

Title:	
 	

 
	

Countersigned:	
 	

 	
 	

 
	

WELLS FARGO BANK MINNESOTA, N.A., as Warrant Agent	
 	

 	
 	

 
	

By:	
 	

  
 Authorized Officer	
 	

 	
 	

 

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SCHEDULE A TO GLOBAL WARRANT    
  

    The initial number of Warrants represented by this Global Warrant is 26,162,791. The following decreases in the number of Warrants represented by this Global
Warrant have been made as a result of the exercise of certain Warrants represented by this Global Warrant: 

	Date of Exercise of Warrants
	 	Number of Warrants Exercised
	 	Total Number of Warrants Represented Hereby Following Such Exercise
	 	Notation Made by Warrant Agent

	

 	
 	

 	
 	

 	
 	

 

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EXERCISE FORM    
  

(To
be executed only upon exercise of Warrant) 

    The
undersigned registered holder of            Warrants irrevocably elects to exercise of the Warrants represented by the Global Warrant for the purchase of
            (subject to adjustment as set forth in the Warrant Agreement) shares of Common Stock, $0.10 par value, of MICRON TECHNOLOGY, INC., for each Warrant so exercised, and, to the
extent so required by Micron Technology, Inc. in the event of a Cash Exercise, herewith makes payment of $               (such payment being by certified check, official
bank check or bank cashier's check payable to the order or at the direction of Micron Technology, Inc.), all at the exercise price and on the terms and conditions specified in the Global
Warrant and the Warrant Agreement therein referred to, and surrenders all of its right, title and interest in the number of Warrants exercised herein to Micron Technology, Inc., and directs
that the shares of Common Stock or
other securities or property deliverable upon the exercise of such Warrants, and any Warrant Certificate or interests in the Global Warrant representing unexercised Warrants, be registered or placed
in the name and at the address specified below and delivered thereto. 

	Dated:	 	 
	 	 	
 (Signature of Warrantholder)
	

 	
 	

 (Street Address)
	

 	
 	

 (City) (State) (Zip Code)
	

 	
 	

Signature Guaranteed By:
	

 	
 	

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	SECURITIES AND/OR CHECK TO BE ISSUED TO:
	

 	
 	

IF IN CERTIFICATED FORM:
	

 	
 	

Social Security Number or identifying number:

	

 	
 	

Name:

	

 	
 	

Street Address:

	

 	
 	

City, State and Zip Code:

	

 	

 	

IF IN BOOK-ENTRY FORM THROUGH DTC:
	

 	
 	

ACCOUNT NUMBER:

	

 	
 	

ACCOUNT NAME:

	

ANY UNEXERCISED WARRANTS REPRESENTED BY THE EXERCISING HOLDER'S INTEREST IN THE GLOBAL WARRANT TO BE ISSUED TO:
	

 	
 	

IF IN CERTIFICATED FORM:
	

 	
 	

Social Security Number or identifying number:

	

 	
 	

Name:

	

 	
 	

Street Address:

	

 	
 	

City, State, and Zip Code:

	

 	

 	

IF IN BOOK-ENTRY FORM THROUGH DTC:
	

 	
 	

ACCOUNT NUMBER:

	

 	
 	

ACCOUNT NAME:

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FORM OF ASSIGNMENT    
  

    FOR VALUE RECEIVED the undersigned registered holder of the within Warrant Certificate hereby sells, assigns, and transfers unto the Assignee(s) named below
(including the undersigned with respect to any Warrants constituting a part of the Warrants evidenced by the within Warrant Certificate not being assigned hereby) all of the right of the undersigned
under the within Warrant Certificate, with respect to the number of Warrants set forth below: 

	Name of Assignees
	 	Address
	 	Number of Warrants
	 	Social Security Number or Other Identifying Number

	

 	
 	

 	
 	

 	
 	

 

and
does hereby irrevocably constitute and appoint                  , the undersigned's attorney, to make such transfer on the books of Micron Technology, Inc.
maintained for the purpose, with
full power of substitution in the premises. 

	Dated:	 	 
	 	 	
 (Signature of Warrantholder)
	

 	
 	

 (Street Address)
	

 	
 	

 (City) (State) (Zip Code)
	

 	
 	

Signature Guaranteed By:
	

 	
 	

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EXHIBIT B    
  

 
  FORM OF CERTIFICATED WARRANT    
  

MICRON TECHNOLOGY, INC.  

	No. ____________	 	CUSIP No. 595112111

THE
SECURITY EVIDENCED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. BY ACQUISITION
HEREOF, THE HOLDER: 

(1)
REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT, (B) IT IS A NON-U.S. PERSON OUTSIDE THE UNITED STATES
ACQUIRING THE SECURITY IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL "ACCREDITED INVESTOR" AS DEFINED IN RULE 501(A)(1), (2), (3) OR
(7) UNDER THE SECURITIES ACT (AN "INSTITUTIONAL ACCREDITED INVESTOR") THAT IS PURCHASING AT LEAST $100,000 IN AGGREGATE AMOUNT OF SECURITIES; 

(2)
AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER (I) WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF THE SECURITIES EVIDENCED HEREBY OR (II) IF SUCH HOLDER IS AN AFFILIATE OF THE
COMPANY, AT ANY TIME DURING THE THREE MONTHS FOLLOWING SUCH HOLDER'S ACQUISITION OF THE SECURITIES, THE SECURITY EVIDENCED HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY EXCEPT
(A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT TO AN INSTITUTIONAL ACCREDITED INVESTOR THAT IS PURCHASING AT LEAST $100,000 IN AGGREGATE AMOUNT OF SECURITIES AND THAT PRIOR TO SUCH TRANSFER, FURNISHES TO WELLS
FARGO BANK MINNESOTA, N.A., AS WARRANT AGENT, A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND WARRANTIES RELATING TO THE RESTRICTIONS ON TRANSFER OF THE SECURITY EVIDENCED HEREBY (THE FORM OF
LETTER CAN BE OBTAINED FROM SUCH WARRANT AGENT), (D) TO A NON-U.S. PERSON OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT, (E) PURSUANT TO
THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (F) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER; AND 

(3)
AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THE SECURITY EVIDENCED HEREBY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (2)(F) ABOVE) A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
LEGEND. 

    IN
CONNECTION WITH ANY TRANSFER OF THE SECURITY EVIDENCED HEREBY WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE OF SUCH SECURITY (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (2)(F) ABOVE),
THE HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE CERTIFICATE (AVAILABLE FROM THE WARRANT AGENT) RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT 

B–1

 

THIS CERTIFICATE TO THE WARRANT AGENT. IF THE PROPOSED TRANSFER IS PURSUANT TO CLAUSE (2)(C) OR (2)(E) ABOVE, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE WARRANT AGENT (OR ANY SUCCESSOR
WARRANT AGENT, AS APPLICABLE) SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THE COMPANY MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THIS LEGEND WILL BE REMOVED UPON THE EARLIER OF THE TRANSFER OF THE SECURITY EVIDENCED HEREBY PURSUANT TO
CLAUSE (2)(F) ABOVE OR THE EXPIRATION OF TWO YEARS FROM THE ORIGINAL ISSUANCE OF THE SECURITY EVIDENCED HEREBY. AS USED HEREIN, THE TERMS "UNITED STATES" AND "U.S. PERSON" HAVE THE MEANINGS GIVEN TO
THEM BY REGULATION S UNDER THE SECURITIES ACT. 

 
 

WARRANT CERTIFICATE
  REPRESENTING            WARRANTS TO PURCHASE COMMON STOCK
  EXPIRING MAY 15, 2008    
  

    This certifies that            , or its registered assigns, is the registered owner
of            Warrants, each expiring May 15, 2008,
and each of which entitles the registered owner thereof (the "the Warrantholder") to purchase, subject to certain conditions set forth below, after July 18, 2001, from MICRON
TECHNOLOGY, INC., a Delaware corporation ("the Company"), one share of Common Stock, par value $0.10 per share, of the Company at the purchase price of $56.00 per share of Common Stock (the
"Exercise Price"), subject to adjustment as provided in the Warrant Agreement hereinafter referred to. 

    The
Warrants evidenced by this Warrant Certificate are issued under and in accordance with the Warrant Agreement, dated as of July 18, 2001 (the "Warrant Agreement"), between
the Company and Wells Fargo Bank Minnesota, N.A., as Warrant Agent, and the Registration Rights Agreement, dated of even date therewith (the "Registration Rights Agreement"), between the Company and
Lehman Brothers Inc., and are subject to the terms and provisions contained therein, to all of which terms and provisions the holder and beneficial owners of the Warrants and the entities
through which such beneficial owners hold their beneficial interests in the Warrants represented hereby consent by acceptance of this Warrant Certificate and which Warrant Agreement and Registration
Rights Agreement are hereby incorporated by reference in and made a part of this Warrant Certificate. 

    Reference
is hereby made to the Warrant Agreement and the Registration Rights Agreement for a full description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Company and the Warrantholders. The summary of the terms of the Warrant Agreement and the Registration Rights Agreement contained in this Warrant Certificate is qualified in its
entirety by express reference to such agreements. All capitalized terms used but not defined in this Warrant Certificate shall have the meanings assigned to them in the Warrant Agreement. 

    As
provided in the Warrant Agreement, and subject to the terms and conditions therein set forth, the Warrants shall be exercisable at any time during the period commencing on the day
after the date of the Warrant Agreement and ending at 5:00 p.m., New York time, on May 15, 2008 (the "Expiration Date"); provided,
however, subject to Section 2.01 of the Warrant Agreement, any Warrants exercised during the period commencing with the date upon which the Company is required to
maintain the effectiveness of the Common Shelf Registration Statement pursuant to Section 5.03(b) of the Warrant Agreement and ending on the Expiration Date shall be deemed to have been
exercised on the Expiration Date; provided, further, that if the Company provides a Net Issue Exercise Notice pursuant to Section 2.01 of the
Warrant Agreement on or subsequent to the second Trading Day in advance of the Expiration Date, all Warrants exercised from the date of the Cash Exercise Notice until the date of 

B–2

 

the Net Issue Exercise Notice shall be deemed to be exercised on the Expiration Date. If the Expiration Date shall not be a Business Day, then a Warrant may be exercised on the next succeeding
Business Day. 

    The
Exercise Price and the number of shares of Common Stock purchasable upon exercise of each Warrant are subject to adjustment as provided in the Warrant Agreement. If, as described
in Section 3.05 of the Warrant Agreement, the Company reclassifies or changes the shares of Common Stock purchasable upon exercise, or consolidates with, merges with or into, any person, each
Warrant shall, after such reclassification, change, consolidation or merger, entitle the holder thereof to receive, upon exercise, only the kind and amount of shares and/or other securities receivable
upon such reclassification, change, consolidation or merger by a holder of the number of shares of Common Stock into which such Warrant was exercisable prior to such event. The Exercise Price for the
shares and/or other securities so issuable shall be an amount equal to the Exercise Price per share of Common Stock immediately prior to such event.

    Subject
to the provisions of Article IV of the Warrant Agreement, each Warrantholder shall have the right, upon a Change of Control and at such Warrantholder's option, to
require the Company to repurchase, and upon the exercise of such right the Company shall repurchase, all of such holder's Warrants not theretofore called for repurchase, or any portion of Warrants
held by such Warrantholder, on the date that is 45 days after the date of the Change of Control Notice at a purchase price equal to the Repurchase Price. At the option of the Company, the
Repurchase Price may be paid in cash or, subject to the fulfillment by the Company of the conditions set forth Section 4.02 of the Warrant Agreement, by delivery of the number of shares of
Common Stock, valued at 95% of the Market Price of such shares, equal to the Repurchase Price. 

    As
to any fraction of a share which the same holder of one or more Warrants would otherwise be entitled to purchase upon exercise thereof in the same transaction, the Company shall
purchase such fraction for an amount in cash equal to the then-current market value of such fraction determined as provided in the Warrant Agreement. 

    The
Company covenants that it will at all times through 5:00 p.m. New York time on the Expiration Date (or, if the Expiration Date shall not be a Business Day, then on the
next-succeeding Business Day) reserve and keep available out of its authorized but unissued shares or shares held in treasury or a combination thereof of Common Stock, solely for the
purpose of issue upon exercise of Warrants as herein provided, the full number of shares of Common Stock, if any, then issuable if all outstanding Warrants then exercisable were to be exercised. The
Company covenants that all shares of Common Stock that shall be so issuable shall be duly and validly issued and fully paid and non-assessable. 

    The
initial issuance of certificates of Common Stock upon the exercise of Warrants shall be made without charge to the exercising Warrantholders for any tax in respect of the issuance
of such stock certificates, and such stock certificates shall be issued in the respective names of, or in such names as may be directed by, the registered holders of the Warrants exercised;  provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and
delivery of any such stock certificate, any Warrant Certificates or other securities in
a name other than that of the registered holder of the Warrant Certificate surrendered upon exercise of the Warrant, and the Company shall not be required to issue or deliver such certificates or
other securities unless and until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the
Company that such tax has been paid. 

    Pursuant
to the Registration Rights Agreement, the Company has agreed to file under the Securities Act within 90 days after the date of initial issuance of the Warrants (the
"Closing Date") a "shelf" registration statement providing for the registration of, and the sale on a continuous or delayed 

B–3

 

basis by the holders of, all of the Registrable Securities (as defined in the Registration Rights Agreement), pursuant to Rule 415 or any similar rule that may be adopted by the Commission (the
"Shelf Registration"). The Company has agreed under the Registration Rights Agreement to use its reasonable efforts to cause the Shelf Registration to be, to become or to be declared effective by the
Commission within 180 days after the Closing Date and to keep such Shelf Registration continuously effective for a period ending on the earlier of (i) the second anniversary of the
Closing Date or (ii) such time as there are no longer any Registrable Securities outstanding. Pursuant to the Registration Rights Agreement, the Company shall promptly supplement or make
amendments to the Shelf Registration, as and when required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration or by the Securities Act or
rules and regulations thereunder for shelf registration, and the Company shall furnish to the holders of the Registrable Securities copies of any such supplement or amendment prior to its being used
or promptly following its filing with the Commission 

    As
provided in the Warrant Agreement and the Registration Rights Agreement, the Warrantholders have additional rights and duties with respect to the registration of the Warrants and
Common Stock. In connection with the Shelf Registration, Warrantholders and certain other persons have the right to be indemnified and held harmless by the Company under certain circumstances in
connection with certain losses, claims, damages or liabilities, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise. The
Company also is required to follow certain procedures as directed by the Warrantholders in connection with the registration of the Warrants and the Common Stock. A Warrantholder will be required to
indemnify and hold the Company and certain other persons harmless in certain circumstances in connection with written information furnished to the Company by or on behalf such Warrantholder
specifically for use in any registration statement, or any preliminary or final or summary Prospectus contained therein or any amendment or supplement thereto. 

    By
its acceptance of any Warrant represented by a Warrant Certificate bearing the Warrant Private Placement Legend, each holder and beneficial owner of an interest in such a Warrant
acknowledges the restrictions on transfer of such a Warrant set forth in the Warrant Private Placement Legend and agrees that it will transfer such a Warrant only in accordance with the Warrant
Private Placement Legend. 

    In
connection with any transfer of a Warrant represented by a Warrant Certificate bearing the Warrant Private Placement Legend, each Warrantholder agrees to deliver to the Company: 

(i)
if such Warrant is being transferred to a qualified institutional buyer (as defined in Rule 144A under the Securities Act ("Rule 144A")) in accordance with Rule 144A, pursuant
to an exemption from registration in accordance with Rule 144, or outside the United States in an offshore transaction to a person other than a U.S. Person (as such term is defined in
Regulation S) (a "non-U.S. Person") in compliance with Regulation S, a certification to that effect from the transferee or transferor (in substantially the form attached to
the Warrant Agreement); or 

(ii)
if such Warrant is being transferred in reliance on another exemption from the registration requirements of the Securities Act, a certification to that effect (in substantially the form attached
to the Warrant Agreement) and an opinion of counsel reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act; 

provided
that the Warrant Agent shall not be required to determine (but may rely on a determination made by the Company with respect to) the sufficiency of any such certificates or opinions
(collectively, "Warrant Transfer Certifications"). 

B–4

 

    Upon the registration of transfer or exchange of or substitution for a Warrant represented by a Warrant Certificate not bearing the Warrant Private Placement Legend, the Warrant Agent
shall deliver a Warrant Certificate or Warrant Certificates that do not bear the Warrant Private Placement Legend. Upon the registration of transfer or exchange of or substitution for a Warrant
represented by a Warrant Certificate bearing the Warrant Private Placement Legend, the Warrant Agent shall deliver a Warrant Certificate or Warrant Certificates bearing the Warrant Private Placement
Legend, unless such legend may be removed from such Warrant Certificate in accordance with the terms of the Warrant Agreement. Upon provision of such Warrant Transfer Certifications, the Warrant
Agent, at the direction of the Company, shall countersign and deliver in exchange or substitution for the Warrant Certificate representing Warrants to be transferred or exchanged or substituted for, a
Warrant Certificate or Warrant Certificates (representing, in the aggregate, the same number of Warrants) without such legend if and to the extent such Warrants to be transferred or exchanged or
substituted for are no longer "restricted securities" within the meaning of Rule 144. If the Warrant Private Placement Legend has been removed from a Warrant Certificate, as provided above, no
other Warrant Certificate issued in exchange for all or any part of such Warrant Certificate shall bear such legend, unless the Company has reasonable cause to believe that the Warrants represented by
such other Warrant Certificate represent "restricted securities" within the meaning of Rule 144 and instructs the Warrant Agent in writing to cause a legend to appear thereon. 

    If
a holder of this Certificated Warrant wishes to transfer this Warrant to an Institutional Accredited Investor or in reliance on another exemption from the registration requirements
of the Securities Act, such Warrantholder may, subject to the restrictions on transfer set forth herein and in the Warrant Agreement, and to compliance with the provisions of
Section 1.07(b)(ii) of the Warrant Agreement, cause the exchange of this Certificated Warrant for one or more Certificated Warrants of any Authorized Denomination or Authorized
Denominations and of the same aggregate amount. Upon receipt by the Warrant Agent of (A) this Certificated Warrant, duly endorsed as provided in the Warrant Agreement, (B) instructions
from such Warrantholder directing the Warrant Agent to authenticate and deliver one or more Certificated Warrants of the same Authorized Denomination as the Certificated Warrants to be exchanged, such
instructions to contain the name or names of the designated transferee or transferees, the Authorized Denomination or Authorized Denominations of the Certificated Warrants to be so issued and
appropriate delivery instructions and (C) instructions from the Company to the effect that it deems sufficient the Warrant Transfer Certifications received pursuant to
Section 1.07(b)(ii) of the Warrant Agreement, then the Warrant Agent shall cancel or cause to be cancelled this Certificated Warrant and concurrently therewith the Company shall execute,
and the Warrant Agent shall authenticate and deliver, one or more Certificated Warrants of the same Authorized Denomination, in accordance with the instructions referred to above. 

    Subject
to the restrictions on transfer set forth herein and in Section 1.07 of the Warrant Agreement, this Warrant and all rights hereunder are transferable by the registered
Warrantholder hereof, in whole or in part, on the Warrant Register, upon surrender of this Warrant Certificate duly endorsed, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Warrant Agent duly executed, with signatures guaranteed as specified in the attached Form of Assignment, by the registered Warrantholder hereof or his attorney duly authorized in
writing and upon payment of any necessary transfer tax or other governmental charge imposed upon such transfer. Upon any partial transfer, the Company will issue and the Warrant Agent will countersign
and deliver to such Warrantholder a new Warrant Certificate or Warrant Certificates with respect to any portion not so transferred. Each taker and Holder of this Warrant, by taking and holding the
same, consents and agrees that prior to the registration of transfer as provided in the Warrant Agreement, the Company and the Warrant Agent may treat the person in whose name the Warrants are
registered as the absolute owner hereof for any purpose and as the person entitled to exercise the rights represented hereby, any notice to the contrary notwithstanding. 

B–5

 

    This Warrant Certificate may be exchanged at the office of the Warrant Agent for Warrant Certificates representing the same aggregate number of Warrants, each new Warrant Certificate
to represent such number of Warrants as the holder hereof shall designate at the time of such exchange. 

    Prior
to the exercise of the Warrants represented hereby, the holder of this Warrant shall not be entitled, as such, to any rights of a stockholder of the Company, including, without
limitation, the right to vote or to consent to any action of the stockholders of the Company, to receive dividends or other distributions, to exercise any preemptive right or to receive any notice of
meetings of stockholders of
the Company, and shall not be entitled to receive any notice of any proceedings of the Company except as provided in the Warrant Agreement. 

    Copies
of the Warrant Agreement are on file at the office of the Warrant Agent and may be obtained by writing to the Warrant Agent at the following address: 

	 	 	Wells Fargo Bank Minnesota, N.A.

Attn: Corporate Trust Services

MAC N9303-110

Sixth and Marquette

Minneapolis, MN 55408	 	 

THE WARRANT AGREEMENT AND THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED
IN SAID STATE.

B–6

 

    This Warrant shall not be valid for any purpose until it shall have been countersigned by the Warrant Agent. 

	Dated:	 	 	 	 
	

 	
 	

 	
 	

MICRON TECHNOLOGY, INC.
	

 	
 	

 	
 	

By:	
 	

  

	

 	
 	

 	
 	

Name:	
 	

 
	

 	
 	

 	
 	

Title:	
 	

 
	

Countersigned:	
 	

 	
 	

 
	

WELLS FARGO BANK MINNESOTA, N.A., as Warrant Agent	
 	

 	
 	

 
	

By:	
 	

  
 Authorized Officer	
 	

 	
 	

 

B–7

  

 
 

EXERCISE FORM    
  

(To
be executed only upon exercise of Warrant) 

    The
undersigned registered holder of the within Warrant Certificate irrevocably elects to exercise         of the Warrants represented by the within Warrant Certificate for
the purchase of      (subject to adjustment as set forth in the Warrant Agreement) shares of Common Stock, $0.10 par value, of MICRON TECHNOLOGY, INC., for each Warrant so
exercised, and, to the extent so required by Micron Technology, Inc. in the event of a Cash Exercise, herewith makes payment of $               (such payment being by
certified check, official bank check or bank cashier's check payable to the order or at the direction of Micron Technology, Inc.), all at the exercise price and on the terms and conditions
specified in the within Warrant Certificate and the Warrant Agreement therein referred to, and surrenders this Warrant Certificate and all right, title and interest therein to Micron
Technology, Inc., and directs that the shares of Common Stock or other securities or property deliverable upon the exercise of such Warrants, and any Warrant Certificate representing
unexercised Warrants, be registered or placed in the name and at the address specified below and delivered thereto. 

	Dated:	 	 
	 	 	
 (Signature of Warrantholder)
	

 	
 	

 (Street Address)
	

 	
 	

 (City) (State) (Zip Code)
	

 	
 	

Signature Guaranteed By:
	

 	
 	

B–8

 

	SECURITIES AND/OR CHECK TO BE ISSUED TO:
	

 	
 	

IF IN CERTIFICATED FORM:
	

 	
 	

Social Security Number or identifying number:

	

 	
 	

Name:

	

 	
 	

Street Address:

	

 	
 	

City, State and Zip Code:

	

 	

 	

IF IN BOOK-ENTRY FORM THROUGH DTC:
	

 	
 	

ACCOUNT NUMBER:

	

 	
 	

ACCOUNT NAME:

	

ANY UNEXERCISED WARRANTS EVIDENCED BY THE WITHIN WARRANT CERTIFICATE TO BE ISSUED TO:
	

 	
 	

IF IN CERTIFICATED FORM:
	

 	
 	

Social Security Number or identifying number:

	

 	
 	

Name:

	

 	
 	

Street Address:

	

 	
 	

City, State, and Zip Code:

	

 	

 	

IF IN BOOK-ENTRY FORM THROUGH DTC:
	

 	
 	

ACCOUNT NUMBER:

	

 	
 	

ACCOUNT NAME:

B–9

 
 
 

FORM OF ASSIGNMENT    
  

    FOR VALUE RECEIVED the undersigned registered holder of the within Warrant Certificate hereby sells, assigns, and transfers unto the Assignee(s) named below
(including the undersigned with respect to any Warrants constituting a part of the Warrants evidenced by the within Warrant Certificate not being assigned hereby) all of the right of the undersigned
under the within Warrant Certificate, with respect to the number of Warrants set forth below: 

	Name of Assignees
	 	Address
	 	Number of Warrants
	 	Social Security Number or Other Identifying Number

	

 	
 	

 	
 	

 	
 	

 

and
does hereby irrevocably constitute and appoint                  , the undersigned's attorney, to make such transfer on the books of Micron Technology, Inc.
maintained for the purpose, with
full power of substitution in the premises. 

	Dated:	 	 
	 	 	
 (Signature of Warrantholder)
	

 	
 	

 (Street Address)
	

 	
 	

 (City) (State) (Zip Code)
	

 	
 	

Signature Guaranteed By:
	

 	
 	

B–10

QuickLinks

EXHIBIT 4.9

EXHIBIT A

FORM OF GLOBAL WARRANT

GLOBAL WARRANT

SCHEDULE A TO GLOBAL WARRANT

EXERCISE FORM

FORM OF ASSIGNMENT

EXHIBIT B

FORM OF CERTIFICATED WARRANT

WARRANT CERTIFICATE REPRESENTING WARRANTS TO PURCHASE COMMON STOCK EXPIRING MAY 15, 2008

EXERCISE FORM

FORM OF ASSIGNMENTPrepared by MERRILL CORPORATION

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 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.144    
  

MICRON TECHNOLOGY, INC.  

26,162,791 WARRANTS TO PURCHASE

SHARES OF COMMON STOCK  

  
 

    PURCHASE AGREEMENT    
  

    July 12, 2001 

LEHMAN BROTHERS INC.

Three World Financial Center

New York, New York 10285 

Ladies
and Gentlemen: 

    Micron
Technology, Inc., a Delaware corporation (the "Company"), proposes, subject to the terms and conditions stated herein, to issue and sell 26,162,791 warrants (the "Firm
Warrants") to purchase an aggregate of 26,162,791 shares (the "Firm Warrant Shares") of common stock of the Company, par value U.S.$0.10 per share (the "Common Stock") to Lehman Brothers Inc.
(the "Initial Purchaser"). In addition, the Company proposes to grant to the Initial Purchaser an option (the "Option") to purchase up to an additional 2,906,976 warrants (the "Optional Warrants" and,
together with the Firm Warrants, the "Warrants") to purchase an aggregate of 2,906,976 shares of Common Stock (the "Optional Warrant Shares" and, together with the Firm Warrant Shares, the "Warrant
Shares"). The Warrants are
to be issued pursuant to a warrant agreement (the "Warrant Agreement") to be dated as of the First Delivery Date (as defined in Section 2(a)), between the Company and Wells Fargo Bank
Minnesota, N.A., as warrant agent (the "Warrant Agent"). The Warrants will be offered and sold to the Initial Purchaser without being registered under the Securities Act of 1933, as amended (the
"Securities Act"), in reliance upon an exemption therefrom. 

    Holders
of the Warrant Shares (including the Initial Purchaser and its direct and indirect transferees) will be entitled to the benefits of a Registration Rights Agreement, dated the
First Delivery Date, between the Company and the Initial Purchaser (the "Registration Rights Agreement"), pursuant to which the Company will agree to file with the Securities and Exchange Commission
(the "Commission") a shelf registration statement pursuant to Rule 415 under the Securities Act (the "Registration Statement") covering the resale of the Warrant Shares, and to use its
reasonable efforts to cause the Registration Statement to be declared effective. 

    This
Agreement, the Warrant Agreement, the Warrants and the Registration Rights Agreement are referred to herein collectively as the "Operative Documents". 

    This
is to confirm the agreement between the Company and the Initial Purchaser concerning the issuance, offer and sale of the Warrants. 

    1.  Representations, Warranties and Agreements of the Company.  The Company represents, warrants to and
agrees with, the Initial Purchaser that: 

    (a) The
Company has prepared a preliminary offering memorandum dated July 12, 2001 (the "Preliminary Offering Memorandum") and will prepare an offering
memorandum dated the date hereof (the "Offering Memorandum") setting forth information concerning the Company, the Warrants, the Registration Rights Agreement and the Common Stock. Copies of the
Preliminary Offering Memorandum have been, and copies of the Offering Memorandum will be, delivered by the Company to the Initial Purchaser pursuant to the terms of this Agreement. The Company hereby
confirms that it has authorized the use of the Preliminary Offering Memorandum and the Offering Memorandum in connection with the offer and sale of the Warrants by the Initial Purchaser. As used in
this Agreement, "Preliminary Offering Memorandum" and "Offering Memorandum" means the Preliminary Offering Memorandum or the Offering Memorandum, as the case may be, as amended or supplemented and
including all documents incorporated by reference therein, including any documents filed under the 

 

Securities Exchange Act of 1934, as amended (the "Exchange Act"), subsequent to the date hereof. Each of the Preliminary Offering Memorandum and the Offering Memorandum did not, as of its respective
date, and the Offering Memorandum will not as of each Delivery Date (as defined in Section 2(b)), contain any untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided,  however, that the Company
makes no representation or warranty as to information contained in or omitted from the Preliminary Offering Memorandum or the
Offering Memorandum in reliance upon and in conformity with written information furnished to the Company by or on the behalf of the Initial Purchaser specifically for inclusion therein. 

    (b) The
documents incorporated by reference in the Offering Memorandum, including any documents filed under the Exchange Act subsequent to the date hereof, when they
became effective or were filed with the Securities and Exchange Commission (the "Commission"), as the case may be, conformed in all material respects to the requirements of the Exchange Act and the
rules and regulations of the Commission thereunder, and none of such documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary to make the statements therein not misleading; and any further documents so filed and incorporated by reference in the Offering Memorandum or any further amendment or supplement thereto will
conform in all material respects to the requirements of the Exchange Act and the rules and regulations of the Commission thereunder and will not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 

    (c) The
Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with full power and
authority to own its properties and conduct its business as described in the Offering Memorandum. 

    (d) The
Company has an authorized capitalization as set forth in the Offering Memorandum, and all of the issued and outstanding shares of capital stock of the Company
have been duly and validly authorized and issued, are fully paid and nonassessable and conform in all material respects to the description thereof contained in the Offering Memorandum; the Warrant
Shares that are authorized on the date hereof have been duly and validly authorized and reserved for issuance upon exercise of the Warrants and are free of preemptive rights; and all Warrant Shares,
when so issued and delivered upon such exercise in accordance with the terms of the Warrants and the Warrant Agreement, will be duly and validly authorized and issued, fully paid and nonassessable and
free and clear of all liens, encumbrances or claims. 

    (e) This
Agreement has been duly authorized, executed and delivered by the Company. 

    (f)  The
Warrants have been duly authorized by the Company; when the Warrants are executed and issued in accordance with the terms of the Warrant Agreement and
delivered to and paid for by the Initial Purchaser pursuant to this Agreement on the relevant Delivery Date (assuming due attestation and countersignature of the Warrants by the Warrant Agent), the
Warrants will constitute valid and binding obligations of the Company, entitled to the benefits of the Warrant Agreement and enforceable against the Company in accordance with their terms, except as
the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally,
subject to general principles of equity and to limitations on availability of equitable relief, including specific performance (whether considered in a proceeding in equity or at law) and an implied
covenant of good faith and fair dealing; and the
Warrants conform in all material respects to the description thereof contained in the Offering Memorandum. 

    (g) The
Warrant Agreement has been duly authorized by the Company; on the First Delivery Date, the Warrant Agreement will have been duly executed and delivered by the
Company and (assuming due authorization, execution and delivery by the Warrant Agent) will constitute a valid and 

2

 

binding agreement of the Company enforceable against the Company in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, subject to general principles of equity and to limitations on availability of equitable relief,
including specific performance (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing; and the Warrant Agreement conforms in all material
respects to the description thereof contained in the Offering Memorandum. 

    (h) The
Registration Rights Agreement has been duly authorized by the Company; when the Registration Rights Agreement is duly executed and delivered by the Company
(assuming due authorization, execution and delivery by the Initial Purchaser), the Registration Rights Agreement will constitute a valid and binding agreement of the Company enforceable against the
Company in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar laws relating to
or affecting creditors' rights generally, subject to general principles of equity and to limitations on availability of equitable relief, including specific performance (whether considered in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing, and except with respect to the rights of indemnification and contribution thereunder, where enforcement thereof
may be limited by federal or state securities laws or the policies underlying such laws; and the Registration Rights Agreement conforms in all material respects to the description thereof contained in
the Offering Memorandum. 

    (i)  There
are no contracts, agreements or understandings between the Company and any person granting such person the right (other than rights which have been waived or
satisfied) to require the Company to include such securities in any securities being registered pursuant to any registration statement filed by the Company under the Securities Act pursuant to the
terms of the Registration Rights Agreement. 

    (j)  None
of the execution, delivery and performance of this Agreement and the other Operative Documents by the Company, the issuance and sale of the Warrants, the
issuance of the Warrant Shares or the consummation of any other of the transactions contemplated hereby or thereby will conflict with, result in a breach or violation of any of the terms or provisions
of, or constitute a default under (i) the charter or by-laws of the Company, (ii) any indenture or other agreement or instrument to which the Company or its subsidiaries is a
party or bound or to which any of the properties or assets of the Company is subject, or (iii) any decree, regulation or order applicable to the Company of any court,
governmental authority or agency having jurisdiction over the Company or any of its properties or assets, except such conflicts, breaches, violations or defaults in clause (ii) or
clause (iii) above, as would not have a material adverse effect on the Company's ability to perform its obligations under this Agreement and the other Operative Documents or to consummate the
transactions contemplated hereby and thereby. 

    (k) No
authorization, approval or other action by, and no notice to, consent of, order of, or filing with, any governmental authority or agency is required for the
consummation of the transactions contemplated in the Operative Documents, except as may be required under the Securities Act and the rules and regulations promulgated in connection with the
registration of the Warrant Shares pursuant to the Registration Rights Agreement, or as otherwise contemplated by the Operative Documents, or as may be required under the state securities or blue sky
laws of any jurisdiction in connection with the purchase and distribution of the Warrants and any such other approvals as have been obtained. 

    (l)  Since
the date as of which information is given in the Offering Memorandum, there has not been any material change in the capital stock (other than upon exercise
of outstanding stock options) or any significant increase in long-term debt of the Company and its subsidiaries taken as a whole or any material change in or affecting the business,
properties, financial condition or results of operations 

3

 

of the Company and its subsidiaries taken as a whole, otherwise than as set forth in or contemplated in the Offering Memorandum. 

    (m) Other
than as set forth in the Offering Memorandum, there are no legal or governmental proceedings pending to which the Company or any of its subsidiaries is a
party or of which any property of the Company or any of its subsidiaries is the subject, which would individually be reasonably expected to have a material adverse effect on the business, properties,
financial condition or results of operations of the Company and its subsidiaries taken as a whole (a "Material Adverse Effect"). 

    (n) The
Company is not and, after giving effect to the offering and sale of the Warrants, will not be an "investment company" or an entity "controlled" by an
"investment company", as such terms are defined in the Investment Company Act of 1940, as amended (the "Investment Company Act"). 

    (o) Assuming
the accuracy of the representations and warranties of the Initial Purchaser contained in Section 6 and its compliance with the agreements set forth
therein, it is not necessary, in connection with the issuance and sale of the Warrants to the Initial Purchaser and the offer, resale and delivery of the Warrants by the Initial Purchaser in the
manner contemplated by this Agreement, the Warrant Agreement and the Offering Memorandum, to register the Warrants or the Warrant Shares under the Securities Act, except as may be required under the
Securities Act and the rules and regulations
promulgated thereunder in connection with the registration of the Warrant Shares pursuant to the Registration Rights Agreement. 

    (p) No
securities of the same class (within the meaning of section (d)(3) of Rule 144A under the Securities Act ("Rule 144A") as the Warrants are
listed on any national securities exchange registered under Section 6 of the Exchange Act or quoted on an automated inter-dealer quotation system. 

    (q) None
of the Company or any of its affiliates (as defined in Rule 501(b) of Regulation D under the Securities Act ("Regulation D")), or any person
acting on its or their behalf (other than the Initial Purchaser, about which no representation is made by the Company), has, directly or through an agent, engaged in any form of general solicitation
or general advertising in connection with the offering of the Warrants (as those terms are used in Regulation D) under the Securities Act or in any manner involving a public offering within the
meaning of Section 4(2) of the Securities Act; the Company has not entered into any contractual arrangement with respect to the distribution of the Warrants except for the Operative Documents,
and the Company will not enter into any such arrangement. 

    (r) None
of the Company or any of its affiliates, or any person acting on its or their behalf (other than the Initial Purchaser, about which no representation is made
by the Company), has, directly or through any agent, sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any "security" (as defined in the Securities Act) which is
or will be integrated with the sale of the Warrants in a manner that would require the registration under the Securities Act of the Warrants. 

    (s) The
Company has not taken, directly or indirectly, any action designed to cause or result in, or which has constituted or which might reasonably be expected to
constitute, the stabilization or manipulation of the price of any security of the Company in connection with the offering of the Warrants. 

    2.  Purchase, Sale and Delivery of Warrants.  

    (a) Subject
to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company agrees to sell to the Initial Purchaser,
and the Initial Purchaser agrees to purchase from the Company, at a purchase price of $16.555 per Warrant, the 26,162,791 Firm Warrants. 

    Delivery
of and payment for the Firm Warrants shall be made at the offices of Wilson Sonsini Goodrich & Rosati, 650 Page Mill Road, Palo Alto, California 94304, at
10:00 a.m. (New York time) on July 18, 2001, or such later date as the Initial Purchaser shall designate, which date and time may be 

4

 

postponed by agreement between the Initial Purchaser and the Company (such date and time of delivery and payment for the Warrants being herein called the "First Delivery Date"). Delivery of the Firm
Warrants shall be made to the Initial Purchaser against payment of the purchase price by the Initial Purchaser. Payment for the Firm Warrants shall be effected either by wire transfer of immediately
available funds to an account with a bank in The City of New York, the account number and the ABA number for such bank to be provided by the Company to the Initial Purchaser at least two business days
in advance of the First Delivery Date, or by such other manner of payment as may be agreed by the Company and the Initial Purchaser. 

    (b) Subject
to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company hereby grants the Option to the Initial
Purchaser to purchase the Optional Warrants at the same price as the Initial Purchaser shall pay for the Firm Warrants. The Option may be exercised only to cover over-allotments in the
sale of the Firm Warrants by the Initial Purchaser. At any time on or before the thirtieth day after the date of this Agreement (but not more than once), the Option may be exercised by written notice
being given to the Company by the Initial Purchaser. Such notice shall set forth the aggregate number of Optional Warrants as to which the Option is being exercised, the names in which the Optional
Warrants are to be registered, the denominations in which the Optional Warrants are to be issued and the date and time, as determined by the Initial Purchaser, when the Optional Warrants are to be
delivered. 

    The
date for the delivery of and payment for the Optional Warrants, being herein referred to as an "Optional Delivery Date", which may be the First Delivery Date (the First Delivery
Date and the Optional Delivery Date, if any, being sometimes referred to as a "Delivery Date"), shall be determined by the Initial Purchaser but shall not be later than five full business days after
written notice of election to purchase Optional Warrants is given. Delivery of the Optional Warrants shall be made to the Initial Purchaser against payment of the purchase price by the Initial
Purchaser. Payment for the Optional Warrants shall be effected either by wire transfer of immediately available funds to an account with a bank in The City of New York, the account number and the ABA
number for such bank to be provided by the Company to the Initial Purchaser at least two business days in advance of the Optional Delivery Date, or by such other manner of payment as may be agreed by
the Company and the Initial Purchaser. 

    (c) The
Company will deliver against payment of the purchase price the Warrants initially sold to qualified institutional buyers ("QIBs"), as defined in
Rule 144A under the Securities Act initially in the form of one or more global certificates (the "Global Warrants"), registered in the name or names of such person or persons designated by the
Initial Purchaser. 

    The
Global Warrants will be made available, at the request of the Initial Purchaser, for checking at least 24 hours prior to such Delivery Date. 

    (d) Time
shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligations of the Initial
Purchaser hereunder. 

    3.  Further Agreements of the Company.  The Company further agrees: 

    (a) With
respect to any amendment or supplement prior to completion of the resale of the Warrants by the Initial Purchaser, (i) to advise the Initial Purchaser
promptly of any proposal to amend or supplement the Offering Memorandum, (ii) to provide the Initial Purchaser a reasonable opportunity to review such amendment or supplement and
(iii) not to effect any such amendment or supplement to which the Initial Purchaser reasonably and timely objects, except, in the case of clause (iii) above, as a result of filings with
the Commission or as otherwise required by law. If, at any time prior to completion of the resale of the Warrants by the Initial Purchaser, any event shall occur or condition exist as a result of
which it is necessary to amend or supplement the Offering Memorandum in order that the Offering Memorandum will not include an untrue statement of a material fact or omit 

5

 

to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time it is delivered to a purchaser, not misleading, to promptly notify
the Initial Purchaser and prepare, subject to the first sentence of this Section 3(a), such amendment or supplement as may be necessary to correct such untrue statement or omission. 

    (b) To
furnish to the Initial Purchaser and to Cleary, Gottlieb, Steen & Hamilton, counsel to the Initial Purchaser, copies of the Preliminary Offering
Memorandum and the Offering Memorandum (and all amendments and supplements thereto) in each case as soon as they are available and in such quantities as the Initial Purchaser reasonably request for
internal use and for distribution to prospective purchasers. The Company will pay the expenses of printing and distributing to the Initial Purchaser all such documents. 

    (c) To
use its reasonable efforts to take such action as the Initial Purchaser may reasonably request from time to time, to qualify the Warrants for offering and sale
under the securities laws of such jurisdictions as reasonably designated by the Initial Purchaser and to comply with such laws so as to permit the continuance of sales and dealings therein in such
jurisdictions in the United States for as long as may be necessary to complete the resale of the Warrants; provided, however, that in connection
therewith, the Company shall not be required to qualify to do business as a foreign corporation or otherwise subject itself to service of process or taxation in any jurisdiction in which it is not
otherwise so qualified or subject. 

    (d) Not
to, and not to permit any of its subsidiaries or any person acting on its behalf to, directly or indirectly, make offers or sales of any security, or solicit
offers to buy any security, under circumstances that would require the registration of the Warrants or Warrant Shares under the Securities Act. 

    (e) Not
to, and not to permit any of its subsidiaries or any person acting on its behalf to, engage in any form of general solicitation or general advertising (within
the meaning of Regulation D) in connection with any offer or sale of the Warrants in the United States. 

    (f)  Between
the date hereof and the First Delivery Date, not to do or authorize any act or thing that would result in an adjustment of the exercise price of the
Warrants. 

    (g) To
apply the proceeds from the sale of the Warrants as set forth under "Use of Proceeds" in the Offering Memorandum. 

    (h) For
a period of 90 days from the date of the Offering Memorandum, not to, directly or indirectly, offer for sale, sell or otherwise dispose of (or enter into
any transaction or device which is designed to, or could be expected to, result in the disposition or purchase by any person at any time in the future of), or announce an offering of any shares of
Common Stock (other than the Warrant Shares), or sell or grant options, rights or warrants to purchase or acquire any shares of Common Stock (other than any of the following, or with respect to any of
the following: (i) any grants under the Company's employee stock plans in accordance with the terms of such plans as described in the Offering Memorandum, (ii) issuances of shares of
Common Stock or rights to receive shares of Common Stock pursuant to the exercise of any warrants, options or other securities outstanding on the date of the Offering Memorandum or granted under such
employee stock plans or (iii) issuances of shares of Common Stock or rights to receive shares of Common Stock in connection with any merger, consolidation, acquisition or similar business
combination ("Acquisition Shares")) without the prior written consent of Lehman Brothers Inc. (which consent shall not be unreasonably withheld); and to cause each executive officer (as defined
for purposes of Section 16 of the Exchange Act) and director of the Company to furnish to the Initial Purchaser, prior to the Delivery Date, and, to the extent that the Company issues
Acquisition Shares in any such merger, consolidation, acquisition or similar business combination in excess of 15 million shares in the aggregate, to cause each person or entity receiving any
such Acquisition Shares to furnish to the Initial Purchaser, prior to issuance of any such Acquisition Shares, a letter or letters, in form and substance satisfactory to counsel to the Initial 

6

 

Purchaser, pursuant to which each such person shall agree not to, directly or indirectly, offer for sale, sell or otherwise dispose of (or enter into any transaction or device which is designed to, or
could be expected to, result in the disposition or purchase by any person at any time in the future of), any shares of Common Stock beneficially owned, deemed to be beneficially owned, or in the
future acquired by each such person for a period of 30 days from the date of the Offering Memorandum, without the prior written consent of Lehman Brothers Inc. (which consent shall not
be unreasonably withheld). 

    (i)  For
so long as any of the Warrants are "restricted securities" within the meaning of Rule 144(a)(3), to provide to any holder of the Warrants or to any
prospective purchaser of the Warrants designated by any holder, upon request of such holder or prospective purchaser, information required to be provided
by Rule 144A(d)(4) if, at the time of such request, the Company is not subject to the reporting requirements under Section 13 or 15(d) of the Exchange Act. 

    (j)  Not
to, and not permit any of its subsidiaries to, resell any Warrants or Warrant Shares that have been acquired by any of them. 

    (k) The
Company will keep available at all times, free of preemptive rights, the full number of Warrant Shares issuable upon exercise of the Warrants. 

    (l)  Each
of the Warrants and the Warrant Shares will bear, to the extent applicable, the legend contained in "Notice to Investors" in the Offering Memorandum for the
time period and upon the other terms stated therein. 

    (m) None
of the Company or any of its subsidiaries will take, directly or indirectly, any action which is designed to stabilize or manipulate, or which constitutes or
which might reasonably be expected to cause or result in stabilization or manipulation, of the price of any security of the Company in connection with the offering of the Warrants by the Initial
Purchaser. 

    (n) To
execute and deliver the Registration Rights Agreement (in form and substance reasonably satisfactory to the Initial Purchaser and the Company). 

    (o) To
use its reasonable efforts to assist the Initial Purchaser in arranging to cause the Warrants to be accepted to trade in the PORTAL market
("PORTAL") of the National Association of Securities Dealers, Inc. ("NASD"). 

    (p) To
use its reasonable efforts to cause the Warrants to be accepted for clearance and settlement through the facilities of DTC. 

    (q) To
use its reasonable efforts to have the Warrant Shares approved for listing on the New York Stock Exchange Inc., promptly following the effectiveness of
the Registration Statement. 

    4.  Expenses.  The Company agrees to pay: 

    (a) the
costs incident to the authorization, issuance, sale and delivery of the Warrants and the Warrant Shares, and any taxes payable in that connection; 

    (b) the
costs incident to the preparation, printing and distribution of the Preliminary Offering Memorandum, the Offering Memorandum and any amendment or supplement to
the Offering Memorandum, all as provided in this Agreement; 

    (c) the
costs of copying and distributing the Operative Documents; 

    (d) the
fees and expenses of Wilson Sonsini Goodrich & Rosati, Professional Corporation and PricewaterhouseCoopers LLP; 

    (e) the
fees and expenses of qualifying the Warrants under the securities laws of the several jurisdictions as provided in Section 3(c); 

    (f)  the
costs of preparing the Warrants; 

7

 

    (g) all expenses and fees in connection with the application for inclusion of the Warrants in the PORTAL market and the listing of the Warrant Shares on the New York
Stock Exchange Inc.; 

    (h) the
fees and expenses (including fees and disbursements of counsel) of the Warrant Agent, and the costs and charges of any registrar, transfer agent, paying agent
or exercise agent; and 

    (i)  all
other costs and expenses incident to the performance of the obligations of the Company under this Agreement; 

provided, however, that, except as provided in this Section 4 and in Section 7, the Initial Purchaser shall pay its own costs and
expenses, including the costs and expenses of its counsel and any transfer taxes on the Warrants which it may sell. 

    5.  Conditions of the Initial Purchaser's Obligations.  The obligations of the Initial Purchaser
hereunder are subject to the accuracy in all material respects (except to the extent such representations and warranties are qualified by materiality, in which case, in all respects), when made and on
each Delivery Date, of the representations and warranties of the Company contained herein, to the performance by the Company of its obligations hereunder, and to each of the following additional terms
and conditions: 

    (a) The
Initial Purchaser shall not have discovered and disclosed to the Company prior to or on such Delivery Date that the Offering Memorandum or any amendment or
supplement thereto contains any untrue statement of a fact which, in the opinion of counsel to the Initial Purchaser, is material or omits to state any fact which is material and necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading. 

    (b) Wilson
Sonsini Goodrich & Rosati, Professional Corporation, shall have furnished to the Initial Purchaser their written opinion, as counsel to the Company,
addressed to the Initial Purchaser and dated such Delivery Date, in form and substance reasonably satisfactory to the Initial Purchaser, to substantially the effect that: 

     (i) The
Company has been duly incorporated, is validly existing as a corporation in good standing under the laws of the State of Delaware and has the corporate power
and authority to own its properties and to conduct its business as described in the Offering Memorandum; 

    (ii) The
Company has an authorized capitalization as set forth in the Offering Memorandum, and the Company's capital stock conforms in all material respects to the
description thereof contained in the Offering Memorandum under the caption "Description of Capital Stock"; 

    (iii) The
Warrant Shares that are authorized on the date hereof have been duly authorized and reserved for issuance upon exercise of the Warrants by valid corporate
action; are free of preemptive rights under the Company's charter or by-laws, the federal laws of the United States of America and the Delaware General Corporation Law; when so issued and
delivered upon such exercise in accordance with the terms of the Warrant Agreement and the Warrants, such Warrant Shares will be validly issued, fully paid and nonassessable; and conform in all
material respects to the description thereof contained in the Offering Memorandum under the caption "Description of Capital Stock"; 

    (iv) This
Agreement has been duly authorized, executed and delivered by the Company; 

    (v) The
Warrants have been duly authorized by the Company and when executed and issued in accordance with terms of the Warrant Agreement and delivered to and paid for
by the Initial Purchaser, will constitute valid and binding obligations of the Company, entitled to the benefits of the Warrant Agreement and enforceable against the Company in accordance with their
terms except as the
enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, subject to general principles
of equity and to limitations on availability of equitable relief, including specific 

8

 

performance (regardless of whether such enforceability is considered in a proceeding in equity or at law) or by an implied covenant of good faith and fair dealing; 

    (vi) The
Warrant Agreement has been duly authorized, executed and delivered by the Company and (assuming due authorization, execution and delivery by the Warrant Agent)
constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, subject to general principles of equity and to limitations on availability of equitable relief,
including specific performance (regardless of whether such enforceability is considered in a proceeding in equity or at law) or by an implied covenant of good faith and fair dealing; 

   (vii) The
Registration Rights Agreement has been duly authorized, executed and delivered by the Company and (assuming due authorization, execution and delivery thereof
by the Initial Purchaser) constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms except as rights to indemnity contained therein may be
limited by applicable law and except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors'
rights generally, subject to general principles of equity and to limitations on availability of equitable relief, including specific performance (regardless of whether such enforceability is
considered in a proceeding in equity or at law), by an implied covenant of good faith and fair dealing; 

   (viii) None
of the execution, delivery and performance of this Agreement, the Warrant Agreement, the Registration Rights Agreement, the issuance and sale of the
Warrants, the issuance of the Warrant Shares or the consummation of any other of the transactions contemplated hereby and thereby will conflict with, result in a breach or violation of any of the
terms or provisions of, or constitute a default under (A) the charter or by-laws of the Company or (B) any decree, regulation or order known to such counsel to be applicable
to the Company of any Delaware court, governmental authority or agency having jurisdiction over the Company or any of its properties or assets, except such conflicts, breaches, violations or defaults
in clause (B) above as would not have a material adverse effect on the Company's ability to perform its obligations under this Agreement and the other Operative Documents or to consummate the
transactions contemplated hereby and thereby; 

    (ix) Except
as may be required under the Securities Act and the rules and regulations promulgated thereunder in connection with the registration of the Warrant Shares
pursuant to the Registration Rights Agreement, or as otherwise contemplated by the Operative Documents, or as may be required by the securities or "blue sky" laws of any state of the United States in
connection with the sale of the
Warrants, no consent, approval, authorization or order of, or filing or registration with, any Delaware court or governmental agency or body is required for the execution, delivery and performance of
this Agreement and the Warrant Agreement by the Company and the issuance of the Warrants and the Warrant Shares and the consummation of the transactions contemplated hereby and thereby; and 

    (x) The
Company is not an "investment company" within the meaning of the Investment Company Act. 

    In
rendering such opinion, such counsel may state that its opinion is limited to matters governed by the federal laws of the United States of America, the laws of the State of New
York (but only with respect to opinions as to validity or binding effect) and the Delaware General Corporation Law. Such counsel's opinion may state that it is not counsel to, and does not represent
the Company in, intellectual property matters, including intellectual property litigation and, in particular, that it has made no independent investigation with respect to any litigation involving
Rambus, Inc. 

9

 

    Such counsel shall also have furnished to the Initial Purchaser a written statement, addressed to the Initial Purchaser and dated such Delivery Date, in form and substance
satisfactory to the Initial Purchaser, to the effect that such counsel has participated in conferences with officers and other representatives of the Company, the independent accountants of the
Company, counsel for the Initial Purchaser and the Initial Purchaser at which the Preliminary Offering Memorandum and the Offering Memorandum and related matters were discussed and, although such
counsel is not passing upon, and does not assume any responsibility for, the accuracy, completeness or fairness of the Preliminary Offering Memorandum, the Offering Memorandum or the statements
contained therein and has made no independent check or verification thereof, on the basis of the foregoing, no facts have come to such counsel's attention that has caused it to believe that the
Offering Memorandum (except the financial statements and the notes thereto and financial statement schedules and other information of an accounting, statistical or financial nature included therein,
as to which such counsel need express no view) as of its date and such Delivery Date included or includes any untrue statement of a material fact or omitted or omits to state a material fact necessary
in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 

    (c) The
Company shall have furnished to the Initial Purchaser the opinion of the General Counsel, a Chief Corporate Counsel or an Assistant General Counsel of the
Company, addressed to the Initial Purchaser and dated such Delivery Date, in form and substance reasonably satisfactory to the Initial Purchaser, to substantially the effect that: 

     (i) To
the knowledge of such counsel, but without inquiring into dockets of any court, commissions, regulatory body, administrative agency or other government body, and
other than as set forth in the Offering Memorandum, there are no legal or governmental proceedings pending to which the Company
is a party or of which any property or assets of the Company is the subject which such counsel believes individually would be reasonably expected to have a Material Adverse Effect; 

    (ii) The
Warrant Shares are free of preemptive rights under any agreement known to such counsel; 

    (iii) None
of the execution, delivery and performance of this Agreement, the Warrant Agreement, the Registration Rights Agreement, the issuance and sale of the
Warrants, the issuance of the Warrant Shares or the consummation of any other of the transactions contemplated hereby and thereby will conflict with, result in a breach or violation of any of the
terms or provisions of, or constitute a default under (A) any material indenture or other material agreement or instrument to which the Company or its subsidiaries is a party or bound, or
(B) any decree, regulation or order applicable to the Company of any U.S. Federal or Idaho court, governmental authority or agency having jurisdiction over the Company or any of its properties
or assets, except such conflicts, breaches, violations or defaults as would not have a material adverse effect on the Company's ability to perform its obligations under this Agreement and the other
Operative Documents or to consummate the transactions contemplated hereby and thereby; and 

    (iv) Except
as may be required under the Securities Act and the rules and regulations promulgated thereunder in connection with the registration of the Warrant Shares
pursuant to the Registration Rights Agreement, or as otherwise contemplated by the Operative Documents, or as may be required by the securities or "blue sky" laws of any state of the United States in
connection with the sale of the Warrants, no consent, approval, authorization or order of, or filing or registration with, any U.S. Federal or Idaho court or governmental agency or body is required
for the execution, delivery and performance of this Agreement and the Warrant Agreement by the Company and the issuance of the Warrants and the Warrant Shares and the consummation of the transactions
contemplated hereby and thereby. 

10

 
    In rendering such opinion, such counsel may state that its opinion is limited to matters governed by the federal laws of the United States of America and the laws of the State of
Idaho. 

    Such
counsel shall also have furnished to the Initial Purchaser a written statement, addressed to the Initial Purchaser and dated such Delivery Date, in form and substance
satisfactory to the Initial Purchaser, to the effect that such counsel has participated in conferences with officers and other representatives of the Company, the independent accountants of the
Company, counsel for the Initial Purchaser and the Initial Purchaser at which the Preliminary Offering Memorandum and the Offering Memorandum and related matters were discussed and, although such
counsel is not passing upon, and does not assume any responsibility for, the accuracy, completeness or fairness of the Preliminary Offering Memorandum, the Offering Memorandum or the statements
contained therein and has made no independent check or verification thereof, on the basis of the foregoing, no facts have come to such counsel's attention that has caused him to believe that the
Offering Memorandum (except the financial statements and the notes thereto and financial statement schedules and other information of an accounting, statistical or financial nature included therein,
as to which such counsel need express no view) as of its date and such Delivery Date included or includes any untrue statement of a material fact or omitted or omits to state a material fact necessary
in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 

    (d) Cleary,
Gottlieb, Steen & Hamilton shall have furnished to the Initial Purchaser their written opinion, as counsel to the Initial Purchaser, addressed to the
Initial Purchaser and dated such Delivery Date, in form and substance reasonably satisfactory to the Initial Purchaser, and the Company shall have furnished to such counsel all documents and
information that they may reasonably request to enable them to pass upon the matters covered therein. 

    (e) At
the time of execution of this Agreement, the Initial Purchaser shall have received from PricewaterhouseCoopers LLP a letter, in form and substance satisfactory
to the Initial Purchaser, addressed to the Initial Purchaser and dated the date hereof. 

    (f)  With
respect to the letter of PricewaterhouseCoopers LLP referred to in the preceding paragraph and delivered to the Initial Purchaser concurrently with the
execution of this Agreement (the "initial letter"), the Company shall have furnished to the Initial Purchaser a letter (the "bring-down letter") of such accountants, addressed to the
Initial Purchaser and dated such Delivery Date (A) confirming that they are independent accountants within the meaning of the Securities Act and are in compliance with the applicable
requirements relating to the qualification of accountants under the applicable rules and regulations of the Commission, (B) stating, as of the date of the bring-down letter (or,
with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Offering Memorandum, as of a date not more than five
days prior to the date of the bring-down letter), the procedures and findings of such firm with respect to the financial
information and other matters covered by the initial letter and (C) confirming in all material respects the procedures and findings set forth in the initial letter. 

    (g) The
Company shall have furnished to the Initial Purchaser on such Delivery Date a certificate, dated such Delivery Date and delivered on behalf of the Company by
the president or any vice president of the Company and its chief financial officer, in form and substance reasonably satisfactory to the Initial Purchaser, to substantially the effect that: 

     (i) The
representations, warranties and agreements of the Company in Section 1 hereof are true and correct in all material respects (except to the extent such
representations and warranties are qualified by materiality, in which case, in all respects) as of the date given and as of such Delivery Date; and the Company has complied in all material respects
with all its agreements contained herein to be performed prior to or on such Delivery Date; and 

11

 

    (ii) (A) The Company has not sustained since the date of the latest audited financial statements included in the Offering Memorandum any material loss or interference
with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, except (x) as
set forth or contemplated in the Offering Memorandum and (y) for operating losses incurred in the ordinary course of business, or (B) since such date there has not been any material
change in the capital stock or long-term debt of the Company (except for issuances of shares of Common Stock upon exercise of outstanding options described in the Offering Memorandum or
pursuant to any grants under the Company's employee stock plans in accordance with the terms of such plans as described in the Offering Memorandum), or any material adverse change, or any development
involving a prospective material adverse change, in or affecting the business, financial position or results of operations of the Company, except as set forth or contemplated in the Offering
Memorandum. 

    (h) The
Warrant Agreement shall have been duly executed and delivered by the Company and the Warrant Agent, and the Warrants shall have been duly executed and delivered
by the Company and duly attested and countersigned by the Warrant Agent. 

    (i)  The
Company and the Initial Purchaser shall have executed and delivered the Registration Rights Agreement (in form and substance reasonably satisfactory to the
Initial Purchaser) and the Registration Rights Agreement shall be in full force and effect. 

    (j)  The
NASD shall have accepted the Warrants for trading on PORTAL. 

    (k) The
Company shall not have sustained since the date of the latest audited financial statements included in the Offering Memorandum any material loss or interference
with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, except (A) as
set forth or contemplated in the Offering Memorandum and (B) for operating losses incurred in the ordinary course of business, or since such date, there shall not have been any material change
in the capital stock or long-term debt of the Company (except for issuances of shares of Common Stock upon exercise of outstanding options described in the Offering Memorandum or pursuant
to any grants under the Company's employee stock plans in accordance with the terms of such plans as described in the Offering Memorandum), or any material adverse change, or any development involving
a prospective material adverse change, in or affecting the business, financial position or results of operations of the Company, except as set forth or contemplated in the Offering Memorandum, the
effect of which, in any such case described above, is, in the reasonable judgment of the Initial Purchaser, so material and adverse as to make it impracticable or inadvisable to proceed with the sale
or the delivery of the Warrants being delivered on such Delivery Date on the terms and in the manner contemplated in the Offering Memorandum. 

    (l)  Subsequent
to the execution and delivery of this Agreement there shall not have occurred any of the following: 

     (i) trading
in securities generally on the New York Stock Exchange, the American Stock Exchange, the NASDAQ or the over-the-counter market, or
trading in any securities issued by the Company on any exchange shall have been suspended or minimum prices shall have been established on any such exchange or market by the Commission, by such
exchange or by any other regulatory body or governmental authority having jurisdiction; 

    (ii) a
banking moratorium shall have been declared by United States federal or New York State authorities; 

    (iii) the
United States shall have become engaged in hostilities, there shall have been an escalation in hostilities involving the United States, or there shall have
been a declaration of a national emergency or war by the United States; or 

12

 

    (iv) a material adverse change in general economic, political or financial conditions (or the effect of international conditions on the financial markets in the United
States), 

so
as to make it in case of the above events (i) through (iv), in the sole judgment of the Initial Purchaser, impracticable or inadvisable to proceed with the offering or delivery of the
Warrants being delivered on such Delivery Date on the terms and in the manner contemplated in the Offering Memorandum. 

    (m) The
Company shall have furnished to the Initial Purchaser such further information, certificates and documents as the Initial Purchaser may reasonably request to
evidence compliance with the conditions set forth in this Section 5. 

    (n) All
opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only
if they are in form and substance reasonably satisfactory to counsel to the Initial Purchaser. 

    6.  Representations, Warranties and Agreements of Initial Purchaser.  The Initial Purchaser represents
and warrants that it is a QIB. The Initial Purchaser represents and warrants and agrees with the Company that: 

    (a) The
Warrants and the Warrant Shares have not been and will not be registered under the Securities Act in connection with the initial offering of the Warrants. 

    (b) The
Initial Purchaser is purchasing the Warrants pursuant to a private sale exemption from registration under the Securities Act. 

    (c) The
Warrants have not been and will not be offered or sold by the Initial Purchaser or its affiliates acting on its behalf except in accordance and in compliance
with Rule 144A under the Securities Act, and the Initial Purchaser will effect such offers and sales only in compliance with all applicable securities laws in any jurisdiction in which the
Initial Purchaser effects such offers of sales. 

    (d) The
Initial Purchaser will not offer or sell the Warrants in the United States by means of any form of general solicitation or general advertising within the
meaning of Rule 502(c) of Regulation D, including (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar medium or broadcast
over television or radio, or (ii) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising in the United States. 

    (e) The
Initial Purchaser has not offered or sold, and will not offer or sell, any Warrants except to persons whom it reasonably believes to be QIBs. 

    (f)  The
Initial Purchaser is an institutional "accredited investor" as that term is defined in Rule 501 of Regulation D under the Securities Act. 

    (g) The
Initial Purchaser has not taken, directly or indirectly, any action designed to cause or result in, or which has constituted or which might reasonably be
expected to constitute manipulation of the price of any security of the Company in connection with the offering of the Warrants. 

    7.  Indemnification and Contribution.  

    (a) The
Company shall indemnify and hold harmless the Initial Purchaser, its officers and employees and each person, if any, who controls the Initial Purchaser within
the meaning of the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof (including, but not limited to, any loss, claim, damage,
liability or action relating to purchases and sales of the Warrants), to which the Initial Purchaser, officer, employee or controlling 

13

 

person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of, or is based upon: 

     (i) any
untrue statement or alleged untrue statement of a material fact contained in any Preliminary Offering Memorandum or the Offering Memorandum or in any amendment
or supplement thereto; 

    (ii) the
omission or alleged omission to state in any Preliminary Offering Memorandum or the Offering Memorandum, or in any amendment or supplement thereto, any
material fact required to be stated therein or necessary to make the statements therein not misleading; or 

    (iii) any
act or failure to act or any alleged act or failure to act by the Initial Purchaser in connection with, or relating in any manner to, the Warrants or the
offering contemplated hereby, and which is included as part of or referred to in any loss, claim, damage, liability or action arising out of or based upon matters covered by clause (i) or
(ii) above (provided that the Company shall not be liable under this clause (iii) to the extent that it is determined in a final judgment
by a court of competent jurisdiction that such loss, claim, damage, liability or action resulted directly from any such acts or failures to act undertaken or omitted to be taken by the Initial
Purchaser through its gross negligence or willful misconduct), 

and
shall reimburse the Initial Purchaser and each such officer, employee or controlling person promptly upon demand for any legal or other expenses reasonably incurred by the Initial Purchaser,
officer, employee or controlling person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses are incurred;  provided,
however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability or action arises out
of, or is based upon, any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Offering Memorandum or the Offering Memorandum, or in any such amendment
or supplement, in reliance upon and in conformity with written information concerning the Initial Purchaser furnished to the Company by or on behalf of the Initial Purchaser specifically for inclusion
therein; provided, further, that as to any Preliminary Offering Memorandum, this indemnity agreement shall not inure to the benefit of any Initial
Purchaser, its officers or employees or any person controlling that Initial Purchaser on account of any loss, claim, damage, liability or action arising from the sale of the Warrants to any person by
the Initial Purchaser if the Initial Purchaser failed to send or give a copy of the Offering Memorandum, as the same may be amended or supplemented, to that person and the untrue statement or alleged
untrue statement of a material fact or omission or alleged omission to state a material fact in such Preliminary Offering Memorandum was corrected in the Offering Memorandum unless such failure
resulted from non-compliance by the Company with Section 3(b) with respect to the furnishing of copies of the Offering Memorandum. The foregoing indemnity agreement is in addition
to any liability that the Company may otherwise have to the Initial Purchaser or to any officer, employee or controlling person of the Initial Purchaser. 

    (b) The
Initial Purchaser shall indemnify and hold harmless the Company, its officers and employees, each of its directors, and each person, if any, who controls the
Company within the meaning of the Securities Act from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof, to which the Company or any such officer,
employee, director or controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of, or is based upon: 

     (i) any
untrue statement or alleged untrue statement of a material fact contained in any Preliminary Offering Memorandum or the Offering Memorandum or in any amendment
or supplement thereto, or 

14

 

    (ii) the omission or alleged omission to state in any Preliminary Offering Memorandum or the Offering Memorandum, or in any amendment or supplement thereto, any
material fact required to be stated therein or necessary to make the statements therein not misleading, 

but
in each case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information
concerning the Initial Purchaser furnished to the Company by or on behalf of the Initial Purchaser specifically for inclusion therein, and shall reimburse the Company and any such officer, employee,
director or controlling person for any legal or other expenses reasonably incurred by the Company or any such
officer, employee, director or controlling person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses are
incurred. The foregoing indemnity agreement is in addition to any liability that the Initial Purchaser may otherwise have to the Company or any such director, officer, employee or controlling person. 

    (c) Promptly
after receipt by an indemnified party under this Section 7 of notice of any claim or the commencement of any action, the indemnified party shall, if
a claim in respect thereof is to be made against the indemnifying party under this Section 7, notify the indemnifying party in writing of the claim or the commencement of that action;  provided, however, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have under this
Section 7 except to the extent it has been materially prejudiced by such failure and, provided further, that the failure to notify the
indemnifying party shall not relieve it from any liability which it may have to an indemnified party otherwise than under this Section 7. If any such claim or action shall be brought against an
indemnified party, and it shall notify the indemnifying party thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with counsel reasonably satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified party of
its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party under this Section 7 for any legal or other expenses subsequently
incurred by the indemnified party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that the
Initial Purchaser shall have the right to employ counsel to represent jointly the Initial Purchaser and its officers, employees and controlling persons who may be subject to liability arising out of
any claim in respect of which indemnity may be sought by the Initial Purchaser against the Company under this Section 7 if, in the reasonable judgment of the Initial Purchaser, it is advisable
for the Initial Purchaser and those officers, employees and controlling persons to be jointly represented by separate counsel, and in that event the fees and expenses of such separate counsel shall be
paid by the Company. No indemnifying party shall: 

     (i) without
the prior written consent of the indemnified parties (which consent shall not be unreasonably withheld), settle or compromise or consent to the entry of any
judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties
are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of
such claim, action, suit or proceeding, or 

    (ii) be
liable for any settlement of any such action effected without its written consent (which consent shall not be unreasonably withheld), but if settled with the
consent of the indemnifying party or if there be a final judgment of the plaintiff in any such action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and
against any loss or liability by reason of such settlement or judgment. 

    (d) If
the indemnification provided for in this Section 7 shall for any reason be unavailable to or insufficient to hold harmless an indemnified party under
Section 7(a) or 7(b) in respect of any loss, 

15

 

claim, damage or liability, or any action in respect thereof, referred to therein, then each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to the amount paid or
payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof: 

     (i) in
such proportion as shall be appropriate to reflect the relative benefits received by the Company, on the one hand, and the Initial Purchaser, on the other, from
the offering of the Warrants, or 

    (ii) if
the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative
benefits referred to in clause (i) above but also the relative fault of the Company, on the one hand, and the Initial Purchaser, on the other, with respect to the statements or omissions that
resulted in such loss, claim, damage or liability, or action in respect thereof, as well as any other relevant equitable considerations. 

The
relative benefits received by the Company on the one hand, and the Initial Purchaser on the other, with respect to such offering shall be deemed to be in the same proportion as the total net
proceeds from the offering of the Warrants purchased under this Agreement (before deducting expenses) received by the Company (which amounts to $433,125,005), on the one hand, and the total discounts
and commissions received by the Initial Purchaser with respect to the Warrants purchased under this Agreement (which amounts to $16,875,000), on the other hand, bear to the total gross proceeds from
the offering of the Warrants under this Agreement (which amounts to $450,000,005). The relative fault shall be determined by reference to whether the
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company or the Initial Purchaser, the intent of
the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and the Initial Purchaser agree that it would not be just
and equitable if contributions pursuant to this Section 7(d) were to be determined by pro rata allocation or by any other method of allocation which does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof, referred to above in this
Section 7(d) shall be deemed to include, for purposes of this Section 7(d), any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or
defending any such action or claim. Notwithstanding the provisions of this Section 7(d), the Initial Purchaser shall not be required to contribute any amount in excess of the amount by which
the total price at which the Warrants resold by it in the initial placement of such Warrants were offered to investors exceeds the amount of any damages which the Initial Purchaser has otherwise paid
or become liable to pay by reason of any untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 

    (e) The
Initial Purchaser confirms that the statements with respect to the offering of the Warrants set forth on the cover page of the Offering Memorandum and in the
third, eleventh, twelfth, thirteenth and fourteenth paragraphs under the caption "Plan of Distribution" in the Offering Memorandum are
correct and constitute the only information furnished in writing to the Company by the Initial Purchaser specifically for inclusion in the Offering Memorandum. 

    (f)  For
the avoidance of doubt, it shall be understood that the Company shall not be liable pursuant to this Section 7 for the portion of any loss, claim,
damage, liability or action resulting, directly or indirectly, from the sale or resale by the Initial Purchaser of any securities or interests therein that are sold or resold by the Initial Purchaser
in connection or in combination with the resale by the Initial Purchaser of the Warrants. 

    8.  Termination.  The obligations of the Initial Purchaser hereunder may be terminated by the Initial
Purchaser by notice given to and received by the Company prior to delivery of and payment for 

16

 

the Warrants if, prior to that time, any of the events described in Sections 5(l), (m) and (n) shall have occurred or if the Initial Purchaser shall decline to purchase the Warrants for
any reason permitted under this Agreement. 

    9.  Reimbursement of Initial Purchaser's Expenses.  If (a) the Company shall fail to tender the
Warrants for delivery to the Initial Purchaser for any reason permitted under this Agreement or (b) the Initial Purchaser shall decline to purchase the Warrants because of any failure or
refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement or if the Company shall be unable to perform its obligations under this Agreement, the
Company shall reimburse the Initial Purchaser for the reasonable fees and expenses of its counsel and for such other reasonable out-of-pocket expenses as shall have been
incurred by it in connection with this Agreement and the proposed purchase of the Warrants, and upon demand the Company shall pay the full amount thereof to the Initial Purchaser. If this Agreement is
terminated pursuant to Section 5(n), the Company shall not be obligated to reimburse the Initial Purchaser on account of those expenses. 

    10.  Notices, etc.  All statements, requests, notices and agreements hereunder shall be in writing, and: 

    (a) if
to the Initial Purchaser, shall be delivered or sent by mail, telex or facsimile transmission to Lehman Brothers Inc., Three World Financial Center, New
York, New York 10285, Attention: Syndicate Department (Fax: 212-528-8822); and 

    (b) if
to the Company, shall be delivered or sent by mail, telex or facsimile transmission to Micron Technology, Inc., 8000 S. Federal Way, Boise, Idaho
83716-9632; Attention: Chief Financial Officer (Fax: 208-363-2900), with a copy to the General Counsel, Micron Technology, Inc., 8000 S. Federal Way, Boise,
Idaho 83716-9632, (Fax: 208-368-4540). 

Any
such statements, requests, notices or agreements shall take effect at the time of receipt thereof. 

    11.  Persons Entitled to Benefit of Agreement.  This Agreement shall inure to the benefit of and be
binding upon the Initial Purchaser, the Company and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that the
representations, warranties, indemnities and agreements of the Company contained in this Agreement shall also be deemed to be for the benefit of the officers and employees of the Initial Purchaser and
the person or persons, if any, who control the Initial Purchaser within the meaning of Section 15 of the Securities Act and any indemnity agreement of the Initial Purchaser contained in
Section 7(b) of this Agreement shall be deemed to be for the benefit of directors, officers and employees of the Company, and any person controlling the Company within the meaning of
Section 15 of the Securities Act. Nothing contained in this Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 12, any
legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. 

    12.  Survival.  The respective indemnities, representations, warranties and agreements of the Company and
the Initial Purchaser contained in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall survive the delivery of and payment for the Warrants and shall remain
in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any of them or any person controlling any of them. 

    13.  Definition of the Terms "Business Day" and "Subsidiary".  For purposes of this Agreement,
(a) "business day" means any day on which the New York Stock Exchange, Inc. is open for trading and (b) "subsidiary" has the meaning set forth in Rule 405 of the rules and
regulations promulgated under the Securities Act. 

17

 

    14.  Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York. 

    15.  Counterparts.  This Agreement may be executed in one or more counterparts and, if executed in more
than one counterpart, the executed counterparts shall each be deemed to be an original but all such counterparts shall together constitute one and the same instrument. 

    16.  Headings.  The headings herein are inserted for convenience of reference only and are not intended
to be part of, or to affect the meaning or interpretation of, this Agreement. 

18

 

    If the foregoing correctly sets forth the agreement between the Company and the Initial Purchaser, please indicate your acceptance in the space provided for that purpose below. 

	 	 	Very truly yours,
	

 	
 	

MICRON TECHNOLOGY, INC.
	

 	
 	

By	
 	

  
Name:

Title:

	Accepted and agreed by:	 	 
	
LEHMAN BROTHERS INC.	
 	

 
	

By	
 	

  
Authorized Representative	
 	

 

19

QuickLinks

EXHIBIT 10.144

PURCHASE AGREEMENT

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