Document:

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                                                                    Exhibit 4.15

                  THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND THIS SECURITY AND THE COMMON STOCK ISSUABLE
UPON CONVERSION THEREOF MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A OR REGULATION S THEREUNDER.

                  THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF ADVANCED
MICRO DEVICES, INC. THAT (A) THIS SECURITY AND THE COMMON STOCK ISSUABLE UPON
CONVERSION THEREOF MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED,
ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT, (III)
PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE), (IV) TO AN INSTITUTIONAL INVESTOR THAT IS AN
ACCREDITED INVESTOR WITHIN THE MEANING OF RULE 501(A)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT IF AVAILABLE OR (V) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH
(V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY
NOT BE CONDUCTED UNLESS CONDUCTED IN COMPLIANCE WITH THE SECURITIES ACT.

                  THIS SECURITY AND ANY RELATED DOCUMENTATION MAY BE AMENDED OR
SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON AND PROCEDURES FOR
RESALES AND OTHER TRANSFERS OF THIS SECURITY TO REFLECT ANY CHANGE IN APPLICABLE
LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO
THE RESALE OR TRANSFER OF RESTRICTED SECURITIES GENERALLY. THE HOLDER OF THIS
SECURITY SHALL BE DEEMED BY THE ACCEPTANCE OF THIS SECURITY TO HAVE AGREED TO
ANY SUCH AMENDMENT OR SUPPLEMENT.

                  THE HOLDER OF THIS SECURITY IS SUBJECT TO, AND ENTITLED TO THE
BENEFITS OF, A REGISTRATION RIGHTS AGREEMENT, DATED AS OF JANUARY 29, 2002,
ENTERED INTO BY THE COMPANY FOR THE BENEFIT OF CERTAIN HOLDERS OF SECURITIES
FROM TIME TO TIME.

<PAGE>

                  THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY
BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

                  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY ("DTC"), A NEW YORK CORPORATION,
TO THE COMPANY 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 IN AS MUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                  THIS SECURITY IS ISSUED WITH ORIGINAL ISSUE DISCOUNT AND IS
SUBJECT TO THE RULES FOR DEBT INSTRUMENTS WITH CONTINGENT PAYMENTS UNDER
TREASURY REGULATIONS ss. 1.1275-4(b). FOR INFORMATION REGARDING THE ISSUE PRICE,
THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE DATE, THE YIELD TO MATURITY, THE
"COMPARABLE YIELD" AND PROJECTED PAYMENT SCHEDULE FOR THIS SECURITY, YOU SHOULD
CONTACT: TREASURER, ADVANCED MICRO DEVICES, INC., ONE AMD PLACE, SUNNYVALE, CA
94088.

                          ADVANCED MICRO DEVICES, INC.

                  4.75% Convertible Senior Debentures Due 2022

No. R-1                        CUSIP NO. 007903 AD9            U.S. $500,000,000
                               ISIN NO. US007903AD99

                  Advanced Micro Devices, Inc., a corporation duly organized and
validly existing under the laws of the State of Delaware (herein called the
"Company"), which term includes any successor corporation under the Indenture
referred to on the reverse hereof), for value received hereby promises to pay to
CEDE & CO., or registered assigns, the principal sum of Five Hundred Million
United States Dollars ($500,000,000) (which amount may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as
custodian for the Depositary, in accordance with the rules and procedures of the
Depositary) on February 1, 2022 and to pay interest on said principal sum
semi-annually on February 1 and August 1 of each year, commencing August 1, 2002
at the initial rate of 4.75% per annum to holders of record on the immediately
preceding January 15 and July 15, respectively. Interest on this Security shall

                                       2

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accrue from the most recent date to which interest has been paid, or if no
interest has been paid, from January 29, 2002, until the Principal Amount is
paid or duly made available for payment. Notwithstanding the foregoing, on the
close of business on August 1, 2008, August 1, 2011 and August 1, 2016 (each, a
"Step-up Date"), the interest rate on this Security shall be automatically
reset, and this Security shall accrue interest, from such Step-up Date, to but
excluding the next succeeding Step-up Date, or, in the case of February 1, 2022,
until the Principal Amount is paid or duly made available for payment, at a rate
per annum equal to the interest rate payable 120 days prior to such Step-up Date
on 5-year U.S. Treasury Notes plus 0.43%, provided, in no event shall the
interest rate on this Security be reset below 4.75% per annum or above 6.75% per
annum. Any change in the interest rate pursuant to the preceding sentence shall
not have any effect on any other provision of the Indenture or this Security.
Except as otherwise provided in the Indenture, the interest payable on this
Security pursuant to the Indenture on any February 1 or August 1 will be paid to
the Person in whose name this Security (or one or more Predecessor Securities)
is registered at the close of business on the Regular Record Date, which shall
be the January 15 or July 15 (whether or not a Business Day) next preceding such
February 1 or August 1, respectively; provided that, any such interest not
punctually paid or duly provided for shall be payable as provided in the
Indenture. Payment of the principal of and interest accrued on this Security
shall be made by check mailed to the address of the Holder of this Security
specified in the register of Securities, or, at the option of the Holder of this
Security, at the Corporate Trust Office, in such lawful money of the United
States of America as at the time of payment shall be legal tender for the
payment of public and private debts; provided, however, that, with respect to
any Holder of Securities with an aggregate principal amount in excess of
$5,000,000, at the request of such Holder in writing to the Company, interest on
such Holder's Securities shall be paid by wire transfer in immediately available
funds in accordance with the written wire transfer instruction supplied by such
Holder from time to time to the Trustee and Paying Agent (if different from the
Trustee) at least two days prior to the applicable Regular Record Date; provided
that any payment to the Depositary or its nominee shall be paid by wire transfer
in immediately available funds in accordance with the wire transfer instruction
supplied by the Depositary or its nominee from time to time to the Trustee and
Paying Agent (if different from Trustee) at least two days prior to the
applicable Regular Record Date.

                  Reference is made to the further provisions of this Security
set forth on the reverse hereof, including, without limitation, provisions
giving the Company the right to repurchase this Security commencing February 5,
2005 under certain circumstances and otherwise on February 5, 2006 and the
Holder of this Security the right to convert this Security into Common Stock of
the Company and the right to require the Company to repurchase this Security on
certain dates and upon certain events, in each case, on the terms and subject to
the limitations referred to on the reverse hereof and as more fully specified in
the Indenture. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place.

                  This Security shall be deemed to be a contract made under the
laws of the State of New York, and for all purposes shall be construed in
accordance with and governed by the laws of said State.

                                       3

<PAGE>

          This Security shall not be valid or become obligatory for any purpose
until the certificate of authentication hereon shall have been manually
signed by the Trustee or a duly authorized authenticating agent under the
Indenture.

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed.

                                        ADVANCED MICRO DEVICES, INC.

                                        By: ____________________________________
                                               Authorized Signatory

Attest:

By: ____________________________
         Authorized Signatory

          This is one of the Securities referred to in the within-mentioned
Indenture.

Dated: ___________                             THE BANK OF NEW YORK, as Trustee

                                               By: _____________________________
                                                       Authorized Signatory

                                        4

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                              [Reverse of Security]

          This Security is one of a duly authorized issue of Securities of the
Company, designated as its 4.75% Convertible Senior Debentures due 2022 (herein
called the "Securities"), all issued or to be issued under and pursuant to an
Indenture dated as of January 29, 2002 (herein called the "Indenture"), between
the Company and the Bank of New York (herein called the "Trustee"), to which
Indenture and all indentures supplemental thereto reference is hereby made for a
description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company and the Holders of the
Securities.

          The indebtedness evidenced by the Securities is unsecured and
unsubordinated indebtedness of the Company and ranks equally with the Company's
other unsecured and unsubordinated indebtedness.

          Redemption at the Option of the Company. No sinking fund is provided
          ---------------------------------------
for the Securities. The Securities are redeemable as a whole, or from time to
time in part, at any time after February 5, 2005 at the option of the Company at
the following redemption prices (each, a "Redemption Price"), expressed as a
percentage of Principal Amount for Securities redeemed during the periods set
forth below:

     Period                                                   Redemption Price
     ------------------------------------------------------   ----------------
     Beginning on February 5, 2005 through February 4, 2006       102.375%
     Beginning on February 5, 2006 through February 4, 2007       101.583%
     Beginning on February 5, 2007 through February 4, 2008       100.792%
     Beginning on February 5, 2008                                100.00%

in each case together with accrued and unpaid interest and Additional Amounts,
if any, to, but excluding, the Redemption Date; provided, that the Securities
will not be redeemable prior to February 5, 2006, unless the last reported sale
price of the Company's common stock is at least 130% of the then effective
Conversion Price for at lease 20 Trading Days within a period of 30 consecutive
Trading Days ending within five Trading Days of the date of the redemption
notice.

          Purchase By the Company at the Option of the Holder. Subject to the
          ---------------------------------------------------
terms and conditions of the Indenture, the Company shall become obligated to
purchase, at the option of the Holder, the Securities held by such Holder on
each of the Purchase Dates of February 1, 2009, February 1, 2012 and February 1,
2017 at 100% of the Principal Amount plus accrued and unpaid interest and
Additional Amounts, if any, to, but excluding, the Purchase Date (the "Purchase
Price"), upon delivery of a Purchase Notice containing the information set forth
in the Indenture, at any time from the opening of business on the date that is
30 days prior to such Purchase Date until the close of business on the date that
is 5 Business Days prior to such Purchase Date and upon delivery of the
Securities to the Paying Agent by the Holder as set forth in the Indenture. The
Purchase Price will be paid in cash.

                                        5

<PAGE>

          At the option of the Holder and subject to the terms and conditions of
the Indenture, the Company shall become obligated to repurchase the Securities
if a Fundamental Change occurs at any time prior to February 1, 2022 at 100% of
the Principal Amount plus accrued and unpaid interest and Additional Amounts, if
any, to, but excluding, the Fundamental Change Repurchase Date (the "Fundamental
Change Repurchase Price"), which Fundamental Change Repurchase Price shall be
paid in cash.

          Holders have the right to withdraw any Purchase Notice or Fundamental
Change Repurchase Notice, as the case may be, by delivering to the Paying Agent
a written notice of withdrawal in accordance with the provisions of the
Indenture.

          If cash sufficient to pay the Purchase Price or Fundamental Change
Repurchase Price, as the case may be, of all Securities or portions thereof to
be purchased on a Purchase Date or on a Fundamental Change Repurchase Date, as
the case may be, is deposited with the Paying Agent on the Business Day
following the Purchase Date or the Fundamental Change Repurchase Date, as the
case may be, interest will cease to accrue on such Securities (or portions
thereof) immediately after such Purchase Date or Fundamental Change Repurchase
Date, as the case may be, and the Holder thereof shall have no other rights as
such (other than the right to receive the Purchase Price or Fundamental Change
Repurchase Price, as the case may be, upon surrender of such Security).

          Conversion. Subject to the provisions of the Indenture, the Holder
          ----------
hereof has the right, at its option, at any time following the date of issuance
of the Securities and prior to the close of business on the Business Day next
preceding February 1, 2022 (except that with respect to any Security or portion
of a Security which shall be called for redemption, prior to the close of
business on the Business Day next preceding the Redemption Date) (unless the
Company shall default in payment of the Redemption Price), to convert the
Principal Amount hereof or any portion of such principal which is $1,000 or an
integral multiple thereof, into that number of fully paid and non-assessable
shares of Common Stock, as said shares shall be constituted at the date of
conversion, obtained by dividing the Principal Amount of this Security or
portion thereof to be converted by the conversion price of $23.38 (the
"Conversion Price") as adjusted from time to time as provided in the Indenture,
upon surrender of this Security, together with a Conversion Notice as provided
in the Indenture, to the Company at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
or at the option of such Holder, the Corporate Trust Office, and, unless the
shares issuable on conversion are to be issued in the same name as this
Security, duly endorsed by, or accompanied by instruments of transfer in form
satisfactory to the Company duly executed by, the Holder or by his duly
authorized attorney. No adjustment in respect of interest or dividends will be
made upon any conversion; provided, however, that, if this Security shall be
surrendered for conversion during the period from the close of business on any
Regular Record Date for the payment of interest through the close of business on
the Business Day next preceding the following Interest Payment Date, and has not
been called for redemption on a Redemption Date that occurs during such period,
such Security (or portion thereof being converted) must be accompanied by an
amount, in funds acceptable to the Company, equal to the interest payable on
such Interest Payment Date on the Principal Amount being converted; provided,
however, that no such payment shall be required if there shall exist at the time
of conversion a default in the payment of interest or Additional Amounts on the
Securities. No fractional shares will be issued

                                        6

<PAGE>

upon any conversion, but an adjustment and payment in cash will be made, as
provided in the Indenture, in respect of any fraction of a share which would
otherwise be issuable upon the surrender of any Securities for conversion.
Securities in respect of which a Holder is exercising its right to require
repurchase on a Purchase Date or a Fundamental Change Repurchase Date may be
converted only if such Holder withdraws its election to exercise such right in
accordance with the terms of the Indenture. Any Securities called for
redemption, unless surrendered for conversion by the Holders thereof on or
before the close of business on the Business Day preceding the date fixed for
redemption, may be deemed to be redeemed from such Holders for an amount equal
to the applicable Redemption Price, by one or more investment banks or other
purchasers who may agree with the Company (i) to purchase such Securities from
the Holders thereof and convert them into shares of the Common Stock and (ii) to
make payment for such Securities as aforesaid to the Trustee in trust for the
Holders.

          Tax Treatment. The Company, and by purchasing a beneficial ownership
          -------------
interest in the Securities each Holder of Securities, will be deemed to have
agreed, for United States federal income tax purposes, (i) to treat the
Securities as indebtedness that is subject to Contingent Payment Debt
Regulations and, for purposes of the Contingent Payment Debt Regulations, to
treat the fair market value of any stock beneficially received by a Holder upon
any conversion of the Securities as a contingent payment and (ii) to be bound by
the Company's determination of the comparable yield and projected payment
schedule, within the meaning of the Contingent Payment Debt Regulations, with
respect to the Securities. A Holder of Securities may obtain the issue price,
issue date, amount of original issue discount, yield to maturity, comparable
yield and projected payment schedule by submitting a written request to the
Company at the following address: Advanced Micro Devices, Inc., One AMD Place,
Sunnyvale, CA 94088, Attention: Treasurer.

          In the event of a deposit or withdrawal of an interest in this
Security, including an exchange, transfer, repurchase or conversion of this
Security in part only, the Trustee, as custodian of the Depositary, shall make
an adjustment on its records to reflect such deposit or withdrawal in accordance
with the rules and procedures of the Depositary.

          Subject to certain limitations in the Indenture, at any time when the
Company is not subject to Section 13 or 15(d) of the United States Securities
Exchange Act of 1934, as amended, upon the request of a Holder of a Restricted
Security, the Company will promptly furnish or cause to be furnished Rule 144A
Information (as defined below) to such Holder of Restricted Securities, or to a
prospective purchaser of any such security designated by any such Holder, to the
extent required to permit compliance by any such Holder with Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"). "Rule 144A
Information" shall be such information as is specified pursuant to Rule
144A(d)(4) under the Securities Act (or any successor provision thereto).

          If an Event of Default shall occur and be continuing, the Principal
Amount plus interest accrued and Additional Amounts, if any, through such date
on all the Securities may be declared due and payable in the manner and with the
effect provided in the Indenture.

          The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the
Company and the

                                        7

<PAGE>

rights of the Holders of the Securities under the Indenture at any time by the
Company and the Trustee with the consent of the Holders of not less than a
majority in aggregate Principal Amount of the Outstanding Securities. The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate Principal Amount of the Outstanding Securities, on
behalf of the Holders of all the Securities, to waive compliance by the Company
with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security.

              As provided in and subject to the provisions of the Indenture, the
Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or
for any other remedy thereunder, unless such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the
Securities, the Holders of not less than 25% in aggregate Principal Amount of
the Outstanding Securities shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered
the Trustee reasonable indemnity satisfactory to it, and the Trustee shall not
have received from the Holders of a majority in Principal Amount of Outstanding
Securities a direction inconsistent with such request, and shall have failed to
institute any such proceeding, for 60 days after receipt of such notice, request
and offer of indemnity. The foregoing shall not apply to any suit instituted by
the Holder of this Security for the enforcement of any payment of said principal
hereof or interest hereon on or after the respective due dates expressed herein
or for the enforcement of any conversion right.

              No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Principal Amount,
Purchase Price or Fundamental Change Repurchase Price of, and interest and
Additional Amounts, if any, on, this Security at the times, place and rate, and
in the coin or currency, herein prescribed.

              As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Company in The City of New York, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities,
of authorized denominations and for the same aggregate Principal Amount, will be
issued to the designated transferee or transferees.

              The Securities are issuable only in registered form in
denominations of $1,000 and any integral multiple of $1,000 above that amount,
as provided in the Indenture and subject to certain limitations therein set
forth. Securities are exchangeable for a like aggregate Principal Amount of
Securities of a different authorized denomination, as requested by the Holder
surrendering the same.

                                        8

<PAGE>

              No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

              Prior to due presentment of this Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner
hereof for all purposes, whether or not this Security be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

              This Security shall be governed by and construed in accordance
with the laws of the State of New York.

              All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

                                        9

<PAGE>
                                 ASSIGNMENT FORM

          If you want to assign this Security, fill in the form below and have
your signature guaranteed:

          I or we assign and transfer this Security to:

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
     (Print or type name, address and zip code and social security or tax ID
                               number of assignee)

          and irrevocably appoint _____________________________________ agent to
transfer this Security on the books of the Company. The agent may substitute
another to act for him.

          Date: __________________           Signed: ____________________

          (Sign exactly as your name appears on the other side of this Security)

          Signature Guarantee: ________________________________________________

Note: Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Security Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
the Security Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

                                       10

<PAGE>

          In connection with any transfer of this Security occurring prior to
the date which is the earlier of (i) the date of the declaration by the
Commission of the effectiveness of a registration statement under the Securities
Act of 1933, as amended (the "Securities Act"), covering resales of this
Security (which effectiveness shall not have been suspended or terminated at the
date of the transfer) and (ii) January 29, 2004, the undersigned confirms that
it has not utilized any general solicitation or general advertising in
connection with the transfer and that this Security is being transferred:

                                   [Check One]

                  (1)  [_]   to the Company or a subsidiary thereof; or

                  (2)  [_]   pursuant to and in compliance with Rule 144A under
                             the Securities Act; or

                  (3)  [_]   outside the United States to a "foreign person"
                             in compliance with Rule 904 of Regulation S under
                             the Securities Act; or

                  (4)  [_]   pursuant to the exemption from registration
                             provided by Rule 144 under the Securities Act, or

                  (5)  [_]   pursuant to another available exemption from the
                             registration requirements of the Securities Act.

Unless one of the boxes is checked, the Trustee will refuse to register any of
the Securities evidenced by this certificate in the name of any Person other
than the registered Holder thereof, provided that if box (3), (4) or (5) is
checked, the Company may require, prior to registering any such transfer of the
Securities, in its sole discretion, such legal opinions, certifications
(including an investment letter in the case of box (3)) and other information as
the Company may reasonably request 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.

                                       11

<PAGE>

          If none of the foregoing boxes is checked, the Trustee or Security
Registrar shall not be obligated to register this Security in the name of any
Person other than the Holder hereof unless and until the conditions to any such
transfer of registration set forth herein and in Section 3.10 of the Indenture
shall have been satisfied.

          Date:___________________      Signed:____________________________

                                                    (Sign exactly as your name
                                                     appears on the other side
                                                     of this Security)

          Signature Guarantee:_____________________________________________

Note: Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Security Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
the Security Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

                                       12

<PAGE>

              TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED

          The undersigned represents and warrants that it is purchasing this
Security for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a "qualified
institutional buyer" within the meaning of Rule 144A under the Securities Act
and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Company as the
undersigned has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the transferor is relying upon the
undersigned's foregoing representations in order to claim the exemption from
registration provided by Rule 144A.

          Date:______________________           Signed:_______________________

          NOTICE: To be executed by an executive officer.

                                       13

<PAGE>

                                CONVERSION NOTICE

          If you want to convert this Security into Common Stock of the Company,
check the box: [_]

          To convert only part of this Security, state the Principal Amount to
be converted (which must be $1,000 or an integral multiple of $1,000):

          $______________________________________

          If you want the stock certificate made out in another person's name,
fill in the form below:

________________________________________________________________________________
              (Insert other person's social security or tax ID no.)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________
            (Print or type other person's name, address and zip code)

          Date: __________________           Signed: ____________________

          (Sign exactly as your name appears on the other side of this Security)

          Signature Guarantee: ______________________________________________

Note: Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Security Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program
("STAMP") or such other "signature guarantee program" as may be determined by
the Security Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

                                       14<PAGE>

                                                                    Exhibit 4.16

                          REGISTRATION RIGHTS AGREEMENT

                          Dated as of January 29, 2002

                                  By and Among

                          ADVANCED MICRO DEVICES, INC.

                                    as Issuer

                                       and

                     CREDIT SUISSE FIRST BOSTON CORPORATION

                            SALOMON SMITH BARNEY INC.

                              as Initial Purchasers

                  4.75% Convertible Senior Debentures Due 2022

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
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<S>                                                                   <C>
1.  Definitions ....................................................     1
2.  Shelf Registration .............................................     5
3.  Additional Amounts .............................................     7
4.  Registration Procedures ........................................     8
5.  Registration Expenses ..........................................    13
6.  Indemnification ................................................    13
7.  Rules 144 and 144A .............................................    17
8.  Miscellaneous ..................................................    17
</TABLE>

<PAGE>

                          REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (the "Agreement") is dated as of January
                                              ---------
29, 2002, by and among ADVANCED MICRO DEVICES, INC., a Delaware corporation (the
"Company"), and CREDIT SUISSE FIRST BOSTON CORPORATION and SALOMON SMITH BARNEY
 -------
INC. (the "Initial Purchasers").
           ------------------

     This Agreement is entered into in connection with the Purchase Agreement,
dated as of January 24, 2002 (the "Purchase Agreement"), by and among the
                                   ------------------
Company and the Initial Purchasers, which provides for the sale by the Company
to the Initial Purchasers of $500,000,000 aggregate principal amount of the
Company's 4.75% Convertible Senior Debentures Due 2022 (the "Firm Notes"), which
                                                             ----------
are convertible into Common Stock of the Company, par value $.01 per share (the
"Underlying Shares"), plus up to an additional $100,000,000 aggregate principal
 -----------------
amount of the same that the Initial Purchasers may subsequently elect to
purchase pursuant to the terms of the Purchase Agreement (the "Additional Notes"
                                                               ----------------
and, together with the Firm Notes, the "Convertible Notes"). The Convertible
                                        -----------------
Notes are being issued pursuant to an indenture dated as of the date hereof (the
"Indenture") between the Company and the Bank of New York, as Trustee.
 ---------

     In order to induce the Initial Purchasers to enter into the Purchase
Agreement, the Company has agreed to provide the registration rights set forth
in this Agreement for the benefit of the Initial Purchasers and any subsequent
holder or holders of the Convertible Notes or Underlying Shares. The execution
and delivery of this Agreement is a condition to the Initial Purchasers'
obligation to purchase the Firm Notes under the Purchase Agreement.

     The parties hereby agree as follows:

1.   Definitions.
     -----------

         As used in this Agreement, the following terms shall have the following
meanings:

     Additional Amounts Payment Date: See Section 3(c) hereof.
     -------------------------------

     Additional Amounts: See Section 3(a) hereof.
     ------------------

     Additional Notes: See the second introductory paragraph hereto.
     ----------------

     Agreement: See the first introductory paragraph hereto.
     ---------

     Amendment Effectiveness Deadline Date: See Section 2(d) hereof.
     -------------------------------------

     Amount of Registrable Securities: (a) With respect to Convertible Notes
     --------------------------------
constituting Registrable Securities, the aggregate principal amount of all such
Convertible Notes outstanding, (b) with respect to Underlying Shares
constituting Registrable Securities, the aggregate number of such Underlying
Shares outstanding multiplied by the Conversion Price

<PAGE>

(as defined in the Indenture) in effect at the time of computing the Amount of
Registrable Securities or, if no such Convertible Notes are then outstanding,
the last Conversion Price that was in effect under the Indenture when any such
Convertible Notes were last outstanding, and (c) with respect to combinations
thereof, the sum of (a) and (b) for the relevant Registrable Securities.

     Blue Sky Laws: State securities or "blue sky" laws.
     -------------

     Business Day: Any day that is not a Saturday, Sunday or a day on which
     ------------
banking institutions in New York are authorized or required by law to be closed.

     Closing Date: January 29, 2002.
     ------------

     Company: See the first introductory paragraph hereto.
     -------

     Convertible Notes: See the second introductory paragraph hereto.
     -----------------

     Depositary: The Depository Trust Company until a successor is appointed by
     ----------
the Company.

     Effectiveness Date: The 180th day after the Closing Date.
     ------------------

     Effectiveness Period: See Section 2(a) hereof.
     --------------------

     Exchange Act: The Securities Exchange Act of 1934, as amended, and the
     ------------
rules and regulations of the SEC promulgated thereunder.

     Filing Date: The 90/th/ day after the Closing Date.
     -----------

     Firm Notes: See the second introductory paragraph hereto.
     ----------

     Holder: Any holder of Registrable Securities.
     ------

     Indemnified Holder: See Section 6 hereof.
     ------------------

     Indemnified Person: See Section 6 hereof.
     ------------------

     Indemnifying Person: See Section 6 hereof.
     -------------------

     Indenture: See the second introductory paragraph hereto.
     ---------

     Initial Purchasers: See the first introductory paragraph hereto.
     ------------------

     Initial Shelf Registration: See Section 2(a) hereof.
     --------------------------

                                      -2-

<PAGE>

     Initial Shelf Registration Statement: See Section 2(a) hereof.
     ------------------------------------

     Inspectors: See Section 4(l) hereof.
     ----------

     Losses: See Section 6 hereof.
     ------

     New Requirements: See Section 2(a) hereof.
     ----------------

     NASD: See Section 4(o) hereof.
     ----

     Notice and Questionnaire: A written notice delivered to the Company
     ------------------------
containing substantially the information called for by the Form of Selling
Securityholder Notice and Questionnaire attached as Annex A to the Offering
Circular of the Company dated January 24, 2002 relating to the Convertible
Notes.

     Notice Holder:  On any date, any Holder that has delivered a Notice and
     -------------
Questionnaire to the Company at least 5 Business Days prior to such date.

     Person: An individual, partnership, corporation, limited liability company,
     ------
unincorporated association, trust or joint venture, or a governmental agency or
political subdivision thereof.

     Prospectus: The prospectus included in any Registration Statement
     ----------
(including, without limitation, any prospectus subject to completion and a
prospectus that includes any information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A
promulgated under the Securities Act), as amended or supplemented by any
prospectus supplement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated
by reference or deemed to be incorporated by reference in such Prospectus.

     Purchase Agreement: See the second introductory paragraph hereto.
     ------------------

     Records: See Section 4(l) hereof.
     -------

     Registrable Securities: All Convertible Notes and all Underlying Shares
     ----------------------
upon original issuance thereof and at all times subsequent thereto until the
earliest to occur of (i) a Registration Statement covering such Convertible
Notes and Underlying Shares having been declared effective by the SEC and such
Convertible Notes and Underlying Shares having been disposed of in accordance
with such effective Registration Statement, (ii) such Convertible Notes and
Underlying Shares having been sold in compliance with Rule 144, (iii) such
Convertible Notes and any Underlying Shares ceasing to be outstanding and (iv)
the date that is two years from the Closing Date. For purposes of this
definition, Underlying Shares shall not include shares of Common Stock of the
Company issued upon conversion of Convertible

                                       -3-

<PAGE>

Notes that were previously disposed of in accordance with an effective
Registration Statement or with Rule 144.

     Registration Default: See Section 3(a) hereof.
     --------------------

     Registration Statement: Any registration statement of the Company filed
     ----------------------
with the SEC pursuant to the provisions of this Agreement, including the
Prospectus, amendments and supplements to such registration statement, including
post-effective amendments, all exhibits and all material incorporated by
reference or deemed to be incorporated by reference in such registration
statement.

     Rule 144: Rule 144 promulgated under the Securities Act, as such rule may
     --------
be amended from time to time, or any similar rule (other than Rule 144A) or
regulation hereafter adopted by the SEC providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by
subsequent holders that are not affiliates of an issuer of such securities being
free of the registration and prospectus delivery requirements of the Securities
Act.

     Rule 144A: Rule 144A promulgated under the Securities Act, as such rule may
     ---------
be amended from time to time, or any similar rule (other than Rule 144) or
regulation hereafter adopted by the SEC.

     Rule 415: Rule 415 promulgated under the Securities Act, as such rule may
     --------
be amended from time to time, or any similar rule or regulation hereafter
adopted by the SEC.

     SEC: The Securities and Exchange Commission.
     ---

     Securities Act: The Securities Act of 1933, as amended, and the rules and
     --------------
regulations of the SEC promulgated thereunder.

     Shelf Registration: See Section 2(b) hereof.
     ------------------

     Shelf Registration Statement: See Section 2(b) hereof.
     ----------------------------

     Subsequent Shelf Registration: See Section 2(b) hereof.
     -----------------------------

     Suspension Period: See Section 3(b) hereof.
     -----------------

     TIA: The Trust Indenture Act of 1939, as amended, and the rules and
     ---
regulations of the SEC promulgated thereunder.

     Trustee: The Trustee under the Indenture.
     -------

     Underlying Shares: See the second introductory paragraph hereto.
     -----------------

                                       -4-

<PAGE>

2.   Shelf Registration.
     ------------------

     (a)  Shelf Registration. The Company shall file with the SEC a Registration
          ------------------
Statement (the "Initial Shelf Registration Statement") for an offering to be
                ------------------------------------
made on a continuous basis pursuant to Rule 415 covering all of the Registrable
Securities (the "Initial Shelf Registration") on or prior to the Filing Date.
                 --------------------------
The Initial Shelf Registration shall be on Form S-3 or another appropriate form
permitting registration of such Registrable Securities for resale by Holders in
the manner or manners designated by them (including, without limitation, one or
more underwritten offerings). The Company shall not permit any securities other
than Registrable Securities to be included in the Initial Shelf Registration or
any Subsequent Shelf Registration (as defined below).

     The Company shall use its reasonable efforts to cause the Initial Shelf
Registration to be declared effective under the Securities Act as soon as
practicable after such Initial Shelf Registration is filed and, in any event, on
or prior to the Effectiveness Date and to keep such Initial Shelf Registration
continuously effective under the Securities Act until the earlier of when (i)
all the Registrable Securities are registered under the Shelf Registration (as
defined below) and have been disposed of in the manner set forth and as
contemplated therein, (ii) all the Registrable Securities have been resold
pursuant to Rule 144 under the Securities Act, (iii) all the Registrable
Securities cease to be outstanding (the "Effectiveness Period") and (iv) two
                                         --------------------
years have passed from the Closing Date.

     No Holder of Registrable Securities may include any of its Registrable
Securities in any Shelf Registration pursuant to this Agreement unless and until
such Holder becomes a Notice Holder and, in the case that requirements under the
Securities Act are changed after the date of this Agreement (all such
requirements, the "New Requirements"), furnishes to the Company, upon request by
                   ----------------
the Company, any additional information pursuant to the New Requirements
concerning such Holder required to be included in any Shelf Registration
Statement or Prospectus included therein. Each Holder of Registrable Securities
as to which any Shelf Registration Statement is being effected agrees to furnish
promptly to the Company all information required to be disclosed so that the
information previously furnished to the Company by such Holder is not materially
misleading and does not omit to state a material fact required to be stated
therein or necessary in order to make the statements therein not misleading in
the light of the circumstances under which they were made. Subject to the
foregoing, at the time the Initial Shelf Registration Statement is declared
effective, each Holder that became a Notice Holder at the time of effectiveness
shall be named as a selling securityholder in the Initial Shelf Registration
Statement and the related Prospectus in such a manner as to permit such Holder
to deliver such Prospectus to purchasers of Registrable Securities in accordance
with applicable law. None of the Company's securityholders (other than Holders
of Registrable Securities) shall have the right to include any of the Company's
securities in the Shelf Registration Statement.

     (b)  Subsequent Shelf Registrations. If the Initial Shelf Registration or
          ------------------------------
any Subsequent Shelf Registration ceases to be effective for any reason at any
time during the

                                       -5-

<PAGE>

Effectiveness Period (other than because of the sale of all of the securities
registered thereunder), the Company shall use its reasonable efforts to obtain
the prompt withdrawal of any order suspending the effectiveness thereof, and in
any event shall within 45 days of such cessation of effectiveness amend the
Initial Shelf Registration or any Subsequent Shelf Registration, as the case may
be, in a manner to obtain the withdrawal of the order suspending the
effectiveness thereof, or file an additional "shelf" Registration Statement
pursuant to Rule 415 covering all of the Registrable Securities (a "Subsequent
                                                                    ----------
Shelf Registration"). If a Subsequent Shelf Registration is filed, the Company
------------------
shall use its reasonable efforts to cause the Subsequent Shelf Registration to
be declared effective under the Securities Act as soon as practicable after such
filing and to keep such Registration Statement continuously effective for a
period equal to the number of days in the Effectiveness Period. As used herein
the term "Shelf Registration" means the Initial Shelf Registration and any
          ------------------
Subsequent Shelf Registration and the term "Shelf Registration Statement" means
                                            ----------------------------
any Registration Statement filed in connection with a Shelf Registration.

     (c)  Supplements and Amendments. The Company shall promptly supplement and
          --------------------------
amend the Shelf Registration if required by the rules, regulations or
instructions applicable to the registration form used for such Shelf
                                                          ----
Registration, if required by the Securities Act, or if reasonably requested by
the Holders of the majority in Amount of Registrable Securities covered by such
Registration Statement; provided, however, that the Company shall not be
                        --------  -------
required to supplement or amend any Shelf Registration upon the request of a
Holder if such requested supplement or amendment would, in the good faith
judgment of the Company, violate the Securities Act, the Exchange Act or the
rules and regulations promulgated thereunder.

     (d)  Holder Procedures. Each Holder of Registrable Securities wishing to
          -----------------
sell Registrable Securities pursuant to a Shelf Registration Statement and
related Prospectus agrees to deliver a Notice and Questionnaire to the Company
at least 5 Business Days prior to any intended distribution of Registrable
Securities under the Shelf Registration Statement. From and after the date the
Initial Shelf Registration Statement is declared effective, the Company shall,
as promptly as practicable after the date a Notice and Questionnaire is
delivered, and in any event upon the later of (x) 5 Business Days after such
date or (y) 5 Business Days after the expiration of any Suspension Period in
effect when the Notice and Questionnaire is delivered or put into effect within
5 Business Days of such delivery date, (i) if required by applicable law, file
with the SEC a post-effective amendment to the Shelf Registration Statement or
prepare and, if required by applicable law, file a supplement to the related
Prospectus or a supplement or amendment to any document incorporated therein by
reference or file any other document required under the Securities Act so that
the Holder delivering such Notice and Questionnaire is named as a selling
securityholder in the Shelf Registration Statement and the related Prospectus in
such a manner as to permit such Holder to deliver such Prospectus to purchasers
of the Registrable Securities in accordance with applicable law and, if the
Company shall file a post-effective amendment to the Shelf Registration
Statement, use its reasonable efforts to cause such post-effective amendment to

                                       -6-

<PAGE>

be declared effective under the Securities Act as promptly as is practicable,
but in any event by the date (the "Amendment Effectiveness Deadline Date") that
                                   -------------------------------------
is 45 days after the date such post-effective amendment is required by this
clause to be filed; (ii) provide such Holder copies of any documents filed
pursuant to Section 2(d)(i); and (iii) notify such Holder as promptly as
practicable after the effectiveness under the Securities Act of any
post-effective amendment filed pursuant to Section 2(d)(i); provided, that if
such Notice and Questionnaire is delivered during a Suspension Period, the
Company shall so inform the Holder delivering such Notice and Questionnaire and
shall take the actions set forth in clauses (i), (ii) and (iii) above upon
expiration of the Suspension Period. Notwithstanding anything contained herein
to the contrary, (i) the Company shall be under no obligation to name any Holder
that is not a Notice Holder as a selling securityholder in any Registration
Statement or related Prospectus and (ii) the Amendment Effectiveness Deadline
Date shall be extended by up to 10 Business Days from the expiration of a
Suspension Period (and the Company shall incur no obligation to pay Additional
Amounts during such extension) if such Suspension Period shall be in effect on
the Amendment Effectiveness Deadline Date; provided, that after the date that is
180 days of the date of effectiveness of the Initial Shelf Registration
Statement, the Company shall not be obligated to file more than one
post-effective amendment or supplement in any 30-day period for the purpose of
naming Holders as selling securityholders who were not so named in the Initial
Shelf Registration Statement at the time of effectiveness.

3.   Additional Amounts.
     ------------------

     (a)  The Company and the Initial Purchasers agree that the Holders of
Registrable Securities will suffer damages if the Company fails to fulfill its
obligations under Section 2 hereof and that it would not be feasible to
ascertain the extent of such damages with precision. Accordingly, the Company
agrees to pay additional amounts on the Registrable Securities ("Additional
                                                                 ----------
Amounts") under the circumstances and to the extent set forth below (each of
-------
which shall be given independent effect; each a "Registration Default"):
                                                 --------------------

          (i)   if the Initial Shelf Registration is not filed on or prior to
the Filing Date, then commencing on the day after the Filing Date, Additional
Amounts shall accrue on the Registrable Securities at a rate of 0.5% per annum
on the Amount of Registrable Securities;

          (ii)  if the Initial Shelf Registration is not declared effective by
the SEC on or prior to the Effectiveness Date, then commencing on the day after
the Effectiveness Date, Additional Amounts shall accrue on the Registrable
Securities at a rate of 0.5% per annum on the Amount of Registrable Securities;
and

          (iii) if a Shelf Registration has been declared effective and such
Shelf Registration ceases to be effective at any time during the Effectiveness
Period (other than as permitted under Section 3(b)), then commencing on the day
after such cessation of effectiveness Additional Amounts shall accrue on the
Registrable Securities at a rate of 0.5% per annum on the Amount of Registrable
Securities;

                                       -7-

<PAGE>

provided, however, that Additional Amounts on the Registrable Securities may not
--------  -------
accrue under more than one of the foregoing clauses (i), (ii) or (iii) at any
one time; provided, further, however, that (1) upon the filing of the Shelf
          --------  -------  -------
Registration as required hereunder (in the case of clause (a)(i) of this Section
3), (2) upon the effectiveness of the Shelf Registration as required hereunder
(in the case of clause (a)(ii) of this Section 3) or (3) upon the effectiveness
of a Shelf Registration which had ceased to remain effective (in the case of
clause (a)(iii) of this Section 3), Additional Amounts on the Registrable
Securities as a result of such clause (or the relevant subclause thereof), as
the case may be, shall cease to accrue. It is understood and agreed that,
notwithstanding any provision to the contrary, so long as any Registrable
Security is then covered by an effective Shelf Registration Statement, no
Additional Amounts shall accrue on such Registrable Security. No Holder of
Registrable Securities shall be entitled to Additional Amounts pursuant this
Section 3 until such Holder is a Notice Holder and until such Holder shall have
provided all information required to be provided by such Holder to the Company
pursuant to Section 2(a) hereof.

     (b) Notwithstanding paragraph (a) of this Section 3, the Company shall be
permitted to suspend the effectiveness of a Shelf Registration for up to 30
consecutive days (a "Suspension Period") in any 90-day period without being
                     -----------------
required to pay Additional Amounts. The aggregate duration of any Suspension
Periods shall not, without incurring any obligation to pay Additional Amounts,
exceed 90 days in any 365-day period.

     (c) So long as Convertible Notes remain outstanding, the Company shall
notify the Trustee within three Business Days after each and every date on which
an event occurs in respect of which Additional Amounts is required to be paid.
Any amounts of Additional Amounts due pursuant to clause (a)(i), (a)(ii) or
(a)(iii) of this Section 3 will be payable in cash semi-annually on each
February 1 and August 1 (each an "Additional Amounts Payment Date"), commencing
                                  -------------------------------
with the first such date occurring after any such Additional Amounts commences
to accrue, to Holders to whom regular interest is payable on such Additional
Amount Payment Date with respect to Convertible Notes that are Registrable
Securities and to Persons that are registered Holders on January 15 or July 15
preceding such Additional Amount Payment Date with respect to Underlying Shares
that are Registrable Securities. The amount of Additional Amounts for
Registrable Securities will be determined by multiplying the rate of Additional
Amounts by the Amount of Registrable Securities outstanding on the Additional
Amount Payment Date following such Registration Default in the case of the first
such payment of Additional Amounts with respect to a Registration Default and
thereafter at the next succeeding Additional Amount Payment Date until the cure
of such Registration Default.

4.   Registration Procedures.
     -----------------------

     In connection with the filing of any Registration Statement pursuant to
Section 2 hereof, the Company shall effect such registrations to permit the
resale of the securities covered thereby in accordance with the intended method
or methods of disposition thereof,

                                       -8-

<PAGE>

and pursuant thereto and in connection with any Registration Statement filed by
the Company hereunder the Company shall:

     (a) Prepare and file with the SEC prior to the Filing Date, a Registration
Statement or Registration Statements as prescribed by Section 2 hereof, and use
its reasonable efforts to cause each such Registration Statement to become
effective and remain effective as provided herein; provided, however, that
                                                   --------  -------
before filing any Registration Statement or Prospectus or any amendments or
supplements thereto, the Company shall, upon request of any Holder of
Registrable Securities covered by such Registration Statement furnish to and
afford such Holder and such Holder's counsel, if any, a reasonable opportunity
to review copies of all such documents proposed to be filed (in each case, where
possible, at least five Business Days prior to such filing, or such later date
as is reasonable under the circumstances), and shall incorporate into such
filings such comments and changes as may be reasonably requested by such
persons. The provisions of this paragraph (a) shall not apply to the filing by
the Company of annual, quarterly or current reports, or proxy statements or
schedules under the Exchange Act. The Company shall not file any Registration
Statement or Prospectus or any amendments or supplements thereto if Holders of a
majority in Amount of Registrable Securities covered by such Registration
Statement or their counsel, shall reasonably object.

     (b) Prepare and file with the SEC such amendments and post-effective
amendments to each Shelf Registration Statement as may be necessary to keep such
Registration Statement continuously effective for the Effectiveness Period;
cause the related Prospectus to be supplemented by any prospectus supplement
required by applicable law, and as so supplemented to be filed pursuant to Rule
424 (or any similar provisions then in force) promulgated under the Securities
Act; and comply with the provisions of the Securities Act and the Exchange Act
applicable to it with respect to the disposition of all securities covered by
such Registration Statement as so amended or in such Prospectus as so
supplemented. Except as provided in Section 3(b), the Company shall be deemed
not to have used its reasonable efforts to keep a Registration Statement
effective during the Effectiveness Period if it voluntarily takes any action
that would result in selling Holders of the Registrable Securities covered
thereby that are Notice Holders not being able to sell such Registrable
Securities during that period unless such action is required by applicable law
or unless the Company complies with this Agreement, including, without
limitation, the provisions of Sections 2(b) and 4(l) hereof.

     (c) Notify the applicable selling Holders of Registrable Securities and
their counsel promptly (but in any event within three Business Days) and,
confirm such notice in writing, (i) when a Prospectus or any prospectus
supplement or post-effective amendment has been filed, and, with respect to a
Registration Statement or any post-effective amendment, when the same has become
effective under the Securities Act, (ii) of the issuance by the SEC of any stop
order suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of any preliminary prospectus or the initiation
of any proceedings for that purpose, (iii) of the happening of any event, the
existence of any

                                       -9-

<PAGE>

condition or any information becoming known that makes any statement made in a
Registration Statement or related Prospectus or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect or
that requires the making of any changes in or amendments or supplements to a
Registration Statement, Prospectus or documents so that, in the case of a
Registration Statement, it will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading, and that in the case of
a Prospectus, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading, and (iv) of the Company's determination that a
post-effective amendment to a Registration Statement would be appropriate.

     (d) Use its reasonable efforts to prevent the issuance of any order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of a Prospectus and, if any such order is
issued, to use its reasonable efforts to obtain the withdrawal of any such order
at the earliest possible time.

     (e) Furnish to each selling Holder of Registrable Securities, a single
counsel to such Holders (chosen in accordance with Section 5(b)), at the sole
expense of the Company, one conformed copy of the Registration Statement or
Registration Statements and each post-effective amendment thereto, including
financial statements and schedules, and, if requested, all documents
incorporated or deemed to be incorporated therein by reference and all exhibits.

     (f) Deliver to each selling Holder of Registrable Securities and a single
counsel to such Holders (chosen in accordance with Section 5(b)), at the sole
expense of the Company, as many copies of the Prospectus (including each form of
preliminary prospectus) and each amendment or supplement thereto and any
documents incorporated by reference therein as such Persons may reasonably
request; and, subject to the second paragraph of Section 4(r) hereof, the
Company hereby consents to the use of such Prospectus and each amendment or
supplement thereto by each of the selling Holders of Registrable Securities in
connection with the offering and sale of the Registrable Securities covered by
such Prospectus and any amendment or supplement thereto.

     (g) Prior to any public offering of Registrable Securities, to use its
reasonable efforts to register or qualify, to the extent required by applicable
law, and to cooperate with the selling Holders of Registrable Securities and
their respective counsel in connection with the registration or qualification
(or exemption from such registration or qualification) of such Registrable
Securities or offer and sale under the Blue Sky Laws of such jurisdictions
within the United States as any selling Holder reasonably request and to cause
the Company's counsel to perform Blue Sky investigations and file registrations
and qualifications required to be filed pursuant to this Section 4(g); keep each
such registration or qualification (or exemption therefrom) effective during the
period such Registration Statement is required to be kept effective and do any
and all other acts or things reasonably necessary or advisable to

                                      -10-

<PAGE>

enable the disposition in such jurisdictions of the Registrable Securities
covered by the applicable Registration Statement; provided, however, that the
                                                  --------  -------
Company shall not be required to (A) qualify generally to do business in any
jurisdiction where it is not then so qualified, (B) take any action that would
subject it to general service of process in any jurisdiction where it is not
then so subject or (C) subject itself to taxation in excess of a nominal dollar
amount in any jurisdiction where it is not then so subject.

     (h) Cooperate with the selling Holders of Registrable Securities to
facilitate the timely preparation and delivery of certificates representing
shares of Registrable Securities to be sold, which certificates shall not bear
any restrictive legends and shall be in a form eligible for deposit with the
Depository; and enable such shares of Registrable Securities to be in such
denominations and registered in such names as the Holders may reasonably
request.

     (i) Use its reasonable efforts to cause the Registrable Securities covered
by any Shelf Registration Statement to be registered with or approved by such
other governmental agencies or authorities as may be reasonably necessary to
enable the seller or sellers thereof, to consummate the disposition of such
Registrable Securities, except as may be required solely as a consequence of the
nature of such selling Holder's business, in which case the Company will
cooperate in all reasonable respects with the filing of such Registration
Statement and the granting of such approvals.

     (j) Upon the occurrence of any event contemplated by paragraph 4(c)(ii),
4(c)(iii) or 4(c)(iv) hereof, as promptly as practicable (and after any
applicable Suspension Period) prepare and (subject to Section 4(a) hereof) file
with the SEC, at the sole expense of the Company, a supplement or post-effective
amendment to the Registration Statement or a supplement to the related
Prospectus or any document incorporated or deemed to be incorporated therein by
reference, or file any other required document so that, as thereafter delivered
to the purchasers of the Registrable Securities being sold thereunder, any such
Prospectus 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, in the light of the circumstances under which they were
made, not misleading.

     (k) Prior to the effective date of the first Registration Statement
relating to the Registrable Securities, (i) provide the Trustee with
certificates for the Registrable Securities in a form eligible for deposit with
the Depositary and (ii) provide required CUSIP numbers for the Registrable
Securities.

     (l) Upon such party's execution of a confidentiality agreement, reasonably
acceptable to the Company, make available for inspection by any selling Holder
of such Registrable Securities being sold, and any attorney, accountant or other
agent retained by any such selling Holder, (collectively, the "Inspectors"), at
                                                               ----------
the offices where normally kept, during reasonable business hours at such time
or times as shall be mutually convenient for the Company and the Inspectors as a
group, all financial and other records, pertinent corporate documents and
instruments of the Company and its subsidiaries (collectively, the "Records")
                                                                    -------

                                      -11-

<PAGE>

as shall be reasonably necessary to enable them to exercise any applicable due
diligence responsibilities, and cause the officers, directors and employees of
the Company and its subsidiaries to supply all information reasonably requested
by any such Inspector in connection with such Registration Statement.

     (m) Provide the Holders of the Registrable Securities to be included in
such Registration Statement and a single counsel to such Holders (chosen in
accordance with Section 5(b)), reasonable opportunity to participate in the
preparation of such Registration Statement, each prospectus included therein or
filed with the SEC, and each amendment or supplement thereto.

     (n) Comply with all applicable rules and regulations of the SEC and make
generally available to its securityholders earning statements satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or
any similar rule promulgated under the Securities Act) no later than 45 days
after the end of any 12-month period (or 90 days after the end of any 12-month
period if such period is a fiscal year) commencing on the first day of the first
fiscal quarter of the Company after the effective date of a Registration
Statement, which statements shall cover said 12-month periods.

     (o) Cooperate with each seller of Registrable Securities covered by any
Registration Statement, participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required
to be made with the National Association of Securities Dealers, Inc. (the
"NASD").
 ----

     (p) Cause the Indenture to be qualified under the TIA not later than the
effective date of the first Registration Statement relating to the Registrable
Securities; and in connection therewith, cooperate with the Trustee and the
Holders of the Registrable Securities to effect such changes to the Indenture as
may be required for the Indenture to be so qualified in accordance with the
terms of the TIA; and execute, and use its reasonable efforts to cause the
Trustee to execute, all documents as may be required to effect such changes and
all other forms and documents required to be filed with the SEC to enable the
Indenture to be so qualified in a timely manner.

     (q) Use its reasonable efforts to take all other steps necessary or
advisable to effect the registration of the Registrable Securities covered by a
Registration Statement contemplated hereby.

     (r) Use its best efforts to list, subject to notice of issuance, the
Underlying Shares on the NYSE and to maintain the listing of such Underlying
Shares on the NYSE for so long as the Convertible Notes or the Underlying Shares
are outstanding.

     Each Holder of Registrable Securities agrees by acquisition of such
Registrable Securities that, upon actual receipt of any notice from the Company
of the happening of any event of the kind described in Section 4(c)(ii),
4(c)(iii) or 4(c)(iv) hereof, such Holder will

                                      -12-

<PAGE>

forthwith discontinue disposition of such Registrable Securities covered by such
Registration Statement or Prospectus until such Holder's receipt of the copies
of the supplemented or amended Prospectus contemplated by Section 4(j) hereof,
or until it is advised in writing by the Company that the use of the applicable
Prospectus may be resumed, and has received copies of any amendments or
supplements thereto.

5.   Registration Expenses.
     ---------------------

     (a) All fees and expenses incident to the performance of or compliance with
this Agreement by the Company shall be borne by the Company, including, without
limitation, (i) all registration and filing fees (including, without limitation,
fees and expenses of compliance with Blue Sky Laws (including, without
limitation, reasonable fees and disbursements of counsel in connection with Blue
Sky qualifications of the Registrable Securities and determination of the
eligibility of the Registrable Securities for investment under the laws of such
jurisdictions as provided in Section 4(g) hereof), (ii) printing expenses,
including, without limitation, expenses of printing certificates for Registrable
Securities in a form eligible for deposit with the Depository and of printing
prospectuses if the printing of prospectuses is reasonably requested by the
Holders of the majority in Amount of Registrable Securities included in any
Registration Statement, (iii) messenger, telephone and delivery expenses, (iv)
fees and disbursements of counsel for the Company and reasonable fees and
disbursements of one special counsel for the sellers of Registrable Securities
(subject to the provisions of Section 5(b) hereof), (v) fees and disbursements
of the Company's independent certified public accountants, (vi) Securities Act
liability insurance, if the Company desires such insurance, (vii) fees and
expenses of all other Persons retained by the Company, (viii) internal expenses
of the Company (including, without limitation, all salaries and expenses of
officers and employees of the Company performing legal or accounting duties),
(ix) the expense of any annual audit of the Company's financial statements, (x)
the fees and expenses incurred in connection with the listing of the securities
to be registered on any securities exchange, if applicable, and (xi) the
expenses relating to printing, word processing and distributing all Registration
Statements and any other documents necessary in order to comply with this
Agreement.

     (b) The Company shall reimburse the Holders of the Registrable Securities
being registered in or Shelf Registration for the reasonable fees and
disbursements of not more than one counsel chosen by the Holders of a majority
in Amount of Registrable Securities to be included in such Registration
Statement.

6.   Indemnification.
     ---------------

     The Company agrees to indemnify and hold harmless (i) each Initial
Purchaser, (ii) each Holder, (iii) each Person, if any, who controls (within the
meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act) any of the foregoing (any of the Persons referred to in this clause (iii)
being hereinafter referred to as a "controlling person"), (iv) the respective
officers, directors, partners, employees, representatives and agents of each

                                       -13-

<PAGE>

Initial Purchaser, the Holders (including predecessor Holders) or any
controlling person (any person referred to in clause (i), (ii), (iii) or (iv)
may hereinafter be referred to as an "Indemnified Holder"), from and against any
                                      ------------------
and all losses, claims, damages, liabilities, joint or several, and judgments
(including, without limitation, reasonable legal fees and other expenses
incurred in connection with any suit, action or proceeding or any claim
asserted) to which they become subject under the Securities Act, the Exchange
Act or other Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement or
Prospectus or any amendment or supplement thereto or any related preliminary
prospectus, or arise out of or are based upon any omission or alleged omission
to state therein a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading, and agrees to reimburse each such Indemnified Person, as
incurred, for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage,
liability or action, except insofar as such losses, claims, damages or
liabilities arise out of or are based on any untrue statement or omission or
alleged untrue statement or omission made in the Registration Statement or
Prospectus, or any amendment thereof or supplement thereto or any related
preliminary prospectus, in reliance upon and in conformity with information
relating to any Holder furnished to the Company in writing by or on behalf of
any such Holder expressly for use therein; provided, that the Company shall not
                                           --------
be liable to any Indemnified Holder under the indemnity agreement in this
Article 6 with respect to any preliminary prospectus to the extent that any such
loss, claim, damage or liability of such Indemnified Holder results from the
fact that such Indemnified Holder sold Registrable Securities to a Person as to
whom it shall be established that there was not sent or given, at or prior to
the written confirmation of such sale, a copy of the final Prospectus in any
case where such delivery is required by the Securities Act if the Company had
previously furnished copies thereof in sufficient quantities to such Indemnified
Holder and the loss, claim, damage or liability of such Indemnified Holder
results from an untrue statement or omission of a material fact contained in the
preliminary prospectus that was (i) identified to such Indemnified Holder at or
prior to the earlier of the filing with the SEC or the furnishing to such
Indemnified Holder of the corrected Prospectus and (ii) corrected in the final
Prospectus. The Company shall notify each Indemnified Holder promptly of the
institution, threat or assertion of any claim, proceeding (including any
governmental investigation) or litigation in connection with the matters
addressed by this Agreement which involves the Company or such Indemnified
Holder.

     Each Holder agrees, severally and not jointly, to indemnify and hold
harmless the Company, each of its directors, each of its officers and each
Person who controls the Company within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the
foregoing indemnity from the Company to each Holder, but only with reference to
such losses, claims, damages or liabilities which are caused by any untrue
statement or omission or alleged untrue statement or omission made in reliance

                                      -14-

<PAGE>

upon and in conformity with information relating to a Holder furnished to the
Company in writing by such Holder expressly for use in any Registration
Statement or Prospectus, or any amendment or supplement thereto or any related
preliminary prospectus.

         If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnity may be sought pursuant to either of the
two preceding paragraphs, such Person (the "Indemnified Person") shall promptly
                                            ------------------
notify the Person or Persons against whom such indemnity may be sought (each an
"Indemnifying Person") in writing of the commencement thereof; but the failure
--------------------
so to notify the Indemnifying Person (i) will not relieve it from liability
under the two immediately preceding paragraphs unless and to the extent it did
not otherwise learn of such action and such failure results in the forfeiture by
the Indemnifying Person of substantial rights and defenses; and (ii) will not,
in any event, relieve the Indemnifying Person from any obligations to any
Indemnified Person other than the indemnification obligation provided in the two
preceding paragraphs. Such Indemnifying Person, upon request of the Indemnified
Person, shall retain counsel satisfactory to the Indemnified Person to represent
the Indemnified Person and any others entitled to indemnification pursuant to
this Section 6 that the Indemnifying Person may designate in such proceeding and
shall pay the fees and expenses of such counsel related to such proceeding. In
any such proceeding, any Indemnified Person shall have the right to retain its
own counsel, but the fees and expenses of such counsel shall be at the expense
of such Indemnified Person unless (i) the use of counsel chosen by the
Indemnifying Person to represent the Indemnified Person would present such
counsel with a conflict of interest; (ii) the actual or potential defendants in,
or targets of, any such action include both the Indemnified Person and the
Indemnifying Person and the Indemnified Person shall have reasonably concluded
that there may be legal defenses available to it and/or other Indemnified
Person(s) which are different from or additional to those available to the
Indemnifying Person; (iii) the Indemnifying Person shall not have employed
counsel satisfactory to the Indemnified Person to represent the Indemnified
Person within a reasonable time after notice of the institution of such action;
or (iv) the Indemnifying Person shall authorize the Indemnified Person to employ
separate counsel at the expense of the Indemnifying Person. It is understood
that an Indemnifying Person shall not, in connection with any proceeding or
related proceedings in the same jurisdiction, be liable for the fees and
expenses of more than one separate firm (in addition to any local counsel) for
all Indemnified Persons, and that all such fees and expenses shall be reimbursed
as they are incurred. Any such separate firm for the Indemnified Holders shall
be designated in writing by the Holders of the majority in Amount of Registrable
Securities, and any such separate firm for the Company, its directors,
respective officers and such control Persons of the Company shall be designated
in writing by the Company. No Indemnifying Person shall, without the prior
written consent of the Indemnified Person, effect any settlement 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

                                      -15-

<PAGE>

includes an unconditional release of each such Indemnified Person from all
liability arising out of such claims, actions, suits or proceedings.

         If the indemnification provided for in the first and second paragraphs
of this Section 6 is insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall
contribute to the aggregate losses, claims, damages and liabilities (including
legal or other expenses reasonably incurred in connection with investigating or
defending the same) (collectively, "Losses") (i) in such proportion as is
                                    ------
appropriate to reflect the relative benefits received by the Indemnifying Person
on the one hand, and the Indemnified Person on the other hand, pursuant to the
Purchase Agreement or from the offering of the Registrable Securities pursuant
to any Shelf Registration 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 Indemnifying Person on the one hand, and the
Indemnified Person on the other, in connection with the statements or omissions
that resulted in such Losses, as well as any other relevant equitable
considerations. The relative benefits received by the Company on the one hand,
and any Indemnified Holder on the other, shall be deemed to be in the same
proportion as the total net proceeds from the initial offering and sale of
Convertible Notes (before deducting expenses) received by the Company bear to
the total net proceeds received by such Indemnified Holder from sales of
Registrable Securities giving rise to such obligations. The relative fault of
the parties shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
or such Indemnified Holder and the parties' intent, relative knowledge,
information and opportunity to correct or prevent such statement or omission.

         The Company and each of the Initial Purchasers agree that it would not
be just and equitable if contribution pursuant to this Section 6 were determined
by pro rata allocation or by any other method of allocation that does not take
   --- ----
account of the equitable considerations referred to in the immediately preceding
paragraph. Notwithstanding the provisions of this Section 6, in no event shall
any Holder be required to contribute any amount in excess of the amount by which
the net proceeds received by such Holder from the sale of the Registrable
Securities pursuant to a Shelf Registration Statement exceeds the amount of
damages which such Holder would have otherwise been required to pay by reason of
such 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. For purposes of this
Section 6, each person who controls an Initial Purchaser within the meaning of
either the Securities Act or the Exchange Act and each director, officer,
employee and agent of an Initial Purchaser shall have the same rights to
contribution as such Initial Purchaser, and each person who controls the Company
within the meaning of either the Securities Act or the Exchange Act and each
officer and director of the Company shall have

                                      -16-

<PAGE>

the same rights to contribution as the Company, subject in each case to the
applicable terms and conditions set forth in this paragraph.

         The remedies provided for in this Section 6 are not exclusive and shall
not limit any rights or remedies that may otherwise be available to any
Indemnified Person at law or in equity.

         The indemnity and contribution agreements contained in this Section 6
shall remain operative and in full force and effect regardless of (i) any
termination of this Agreement, (ii) any investigation made by or on behalf of
any Holder or any Person controlling any Holder or by or on behalf of the
Company, its officers or directors or any other Person controlling any of the
Company and (iii) acceptance of and payment for any of the Registrable
Securities.

7.       Rules 144 and 144A.
         ------------------

         The Company covenants that it will file the reports required to be
filed by it under the Securities Act and the Exchange Act and the rules and
regulations adopted by the SEC thereunder in a timely manner in accordance with
the requirements of the Securities Act and the Exchange Act and, for so long as
any Registrable Securities remain outstanding, if at any time the Company is not
required to file such reports, it will, upon the request of any Holder or
beneficial owner of Registrable Securities, make available such information
necessary to permit sales pursuant to Rule 144A under the Securities Act. The
Company further covenants that, for so long as any Registrable Securities remain
outstanding, it will use its reasonable efforts to take such further action as
any Holder of Registrable Securities may reasonably request, all to the extent
required from time to time to enable such holder to sell Registrable Securities
without registration under the Securities Act within the limitation of the
exemptions provided by (a) Rule 144(k) and Rule 144A under the Securities Act,
as such rules may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the SEC. Notwithstanding the foregoing, nothing
in this Section 7 shall be deemed to require the Company to register any of its
securities pursuant to the Exchange Act.

8.       Miscellaneous.
         -------------

         (a) No Inconsistent Agreements. The Company has not, as of the date
             --------------------------
hereof, and the Company shall not, after the date of this Agreement, enter into
any agreement with respect to any of its securities that is inconsistent with
the rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. The Company has not entered and
will not enter into any agreement with respect to any of its securities that
will grant to any Person piggyback registration rights with respect to a
Registration Statement, except to the extent that any existing right has
heretofore been waived.

         (b) Amendments and Waivers. The provisions of this Agreement may not be
             ----------------------
amended, modified or supplemented, and waivers or

                                      -17-

<PAGE>

consents to departures from the provisions hereof may not be given, otherwise
than with the prior written consent of the Company and the Holders of not less
than the majority in Amount of Registrable Securities; provided, however, that
                                                       -----------------
Section 6 and this Section 8(b) may not be amended, modified or supplemented
without the prior written consent of the Company and each Holder (including, in
the case of an amendment, modification or supplement of Section 6, any Person
who was a Holder of Registrable Securities disposed of pursuant to any
Registration Statement). Notwithstanding the foregoing, a waiver or consent to
depart from the provisions hereof with respect to a matter that relates
exclusively to the rights of Holders of Registrable Securities whose securities
are being sold pursuant to a Registration Statement and that does not directly
or indirectly affect, impair, limit or compromise the rights of other Holders of
Registrable Securities may be given by Holders of at least a majority in Amount
of the Registrable Securities being sold by such Holders pursuant to such
Registration Statement.

         (c) Notices. All notices and other communications (including, without
             -------
limitation, any notices or other communications to the Trustee) provided for or
permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or facsimile:

             (1) if to a Holder of the Registrable Securities, at the most
current address of such Holder set forth on the records of the registrar under
the Indenture, in the case of Holders of Convertible Notes, and the stock ledger
of the Company, in the case of Holders of Underlying Shares.

             (2) if to the Initial Purchasers:

                 Credit Suisse First Boston Corporation
                 Eleven Madison Avenue
                 New York, NY 10010
                 Facsimile No.: (212) 325-4296
                 Attention: Transactions Advisory Group

                 Salomon Smith Barney Inc.
                 388 Greenwich Street, 3/rd/ floor
                 New York, NY 10013
                 Facsimile No.: (212)816-7912
                 Attention: General Counsel

             with copies to:

                 Davis Polk & Wardwell
                 1600 El Camino Real
                 Menlo Park, CA 94025
                 Facsimile No.: (650) 752-2116
                 Attention: Alan Denenberg, Esq.

                                      -18-

<PAGE>

               (3)  if to the Company, at the addresses as follows:

                    Advanced Micro Devices, Inc.
                    One AMD Place
                    Sunnyvale, CA 94088
                    Facsimile No.:  (408) 732-6164
                    Attention:  General Counsel

               with copies to:

                    Latham & Watkins
                    135 Commonwealth Drive
                    Menlo Park, CA 94025
                    Facsimile No.:  (650) 463-2600
                    Attention:  Christopher L. Kaufman, Esq.

     All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; five Business Days after
being deposited in the mail, postage prepaid, if mailed; one Business Day after
being timely delivered to a next-day air courier; and when receipt is
acknowledged by the addressee, if sent by facsimile.

     (d) Successors and Assigns. This Agreement shall inure to the benefit of
          ---------------------
and be binding upon the successors and assigns of each of the parties hereto,
including the Holders; provided, however, that this Agreement shall not inure to
                       --------  -------
the benefit of or be binding upon a successor or assign of a Holder unless and
except to the extent such successor or assign holds Registrable Securities.

     (e) Counterparts. This Agreement may be executed in any number of
         ------------
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

     (f) Headings. The headings in this Agreement are for convenience of
         --------
reference only and shall not limit or otherwise affect the meaning hereof.

     (g) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
         -------------
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO
AGREES TO SUBMIT TO THE JURISDICTION OF THE FEDERAL AND NEW YORK STATE COURTS
SITTING IN MANHATTAN, NEW YORK CITY, THE STATE OF NEW YORK, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.

                                      -19-

<PAGE>

     (h) Severability. If any term, provision, covenant or restriction of this
         ------------
Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions set forth herein shall remain in full force and effect and shall in
no way be affected, impaired or invalidated, and the parties hereto shall use
their reasonable efforts to find and employ an alternative means to achieve the
same or substantially the same result as that contemplated by such term,
provision, covenant or restriction. It is hereby stipulated and declared to be
the intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

     (i) Securities Held by the Company or Its Affiliates. Whenever the consent
         ------------------------------------------------
or approval of Holders of a specified percentage in Amount of Registrable
Securities is required hereunder, Registrable Securities held by the Company or
its affiliates (as such term is defined in Rule 405 under the Securities Act)
shall not be counted in determining whether such consent or approval was given
by the Holders of such required percentage.

     (j) Third Party Beneficiaries. Holders of Registrable Securities are
         -------------------------
intended third party beneficiaries of this Agreement and this Agreement may be
enforced by such Persons.

     (k) Entire Agreement. This Agreement, together with the Purchase Agreement
         ----------------
and the Indenture, is intended by the parties as a final and exclusive statement
of the agreement and understanding of the parties hereto in respect of the
subject matter contained herein and therein and any and all prior oral or
written agreements, representations, or warranties, contracts, understandings,
correspondence, conversations and memoranda between the Initial Purchasers on
the one hand, and the Company on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.

                                      -20-

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                  ADVANCED MICRO DEVICES, INC.

                                  By: /s/ Thomas M. McCoy
                                      --------------------------------------
                                      Name:  Thomas M. McCoy
                                      Title:  Senior Vice President, General
                                      Counsel and Secretary

                                  CREDIT SUISSE FIRST BOSTON
                                  CORPORATION

                                  By: /s/ Francisco J. Paret
                                      --------------------------------------
                                      Name:  Francisco J. Paret
                                      Title: Director

                                  SALOMON SMITH BARNEY INC.

                                  By: /s/ William L. Frauenhofer
                                      --------------------------------------
                                      Name:  William L. Frauenhofer
                                      Title:  Vice President

                                      -21-

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