Document:

Guarantee Agreement dated April 21, 2004

 Exhibit 10.63 
  
 Conformed Copy 
  

  
 GUARANTEE AGREEMENT 
  

  
 dated 21 April 2004 
  
 between 
  
 ADVANCED
MICRO DEVICES, INC. 
  
 the Guarantor 
  
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 
  
 the Borrower 
  
 DRESDNER BANK AG in Berlin 
 as Secuity Agent 
  
 and 
  
 DRESDNER BANK LUXEMBOURG S.A. 
 as Facility Agent 
  
 Baker & McKenzie 
  
 Frankfurt 

  
 CONTENTS 

 

					
	 Clause

	  	 	  	Page

	 1.
	  	DEFINITIONS AND INTERPRETATION	  	1
	 2.
	  	GUARANTEE	  	9
	 3.
	  	PAYMENT ON FIRST DEMAND	  	9
	 4.
	  	PRIMARY OBLIGATION	  	9
	 5.
	  	CONTINUING SECURITY	  	9
	 6.
	  	UNCONDITIONAL GUARANTEE	  	10
	 7.
	  	TAXES	  	11
	 8.
	  	CURRENCY INDEMNITY	  	13
	 9.
	  	CLAIMS BY GUARANTOR	  	13
	 10.
	  	 REPRESENTATIONS AND WARRANTIES
	  	14
	 11.
	  	 INFORMATION UNDERTAKINGS
	  	23
	 12.
	  	 FINANCIAL COVENANTS
	  	26
	 13.
	  	 GENERAL UNDERTAKINGS
	  	30
	 14.
	  	 SET-OFF
	  	37
	 15.
	  	 MISCELLANEOUS
	  	37
	 16.
	  	 NOTICES
	  	37
	 17.
	  	 FURTHER ASSURANCE
	  	39
	 18.
	  	 PARTIAL INVALIDITY
	  	39
	 19.
	  	 AMENDMENTS
	  	39
	 20.
	  	 COUNTERPARTS
	  	39
	 21.
	  	 ASSIGNMENT
	  	39
	 22.
	  	 CONFIDENTIALITY
	  	40
	 23.
	  	 GOVERNING LAW
	  	40
	 24.
	  	 ENFORCEMENT
	  	40

  

			
	 Schedules

	  	 
	 SCHEDULE 1
	  	42
	 HEDGING STRATEGY
	  	42
	 SCHEDULE 2
	  	43
	 FORM OF COMPLIANCE CERTIFICATE
	  	43
	 SCHEDULE 3
	  	45
	 FORM OF MONTHLY CONSOLIDATED CASH REPORT
	  	45

 THIS GUARANTEE AGREEMENT is dated 21 April 2004 and made between: 
  

	(1)	Advanced Micro Devices, Inc., a corporation organised under the laws of the state of Delaware, United States of America, having its principal place of business in Sunnyvale,
California, United States of America (the “Guarantor”); 

  

	(2)	AMD Fab 36 Limited Liability Company & Co. KG, a German limited partnership with its business address at Wilschdorfer Landstrasse 101, 01109 Dresden, Germany, registered
at the commercial register (Handelsregister) of the local court (Amtsgericht) in Dresden under HRA 5255 (the “Borrower”); 

  

	(3)	Dresdner Bank AG in Berlin as Security Agent under German law pursuant to and in accordance with Clause 24.1 (Appointment of the Facility Agent and the Security Agent)
of the Facility Agreement (the “Security Agent”); and 

  

	(4)	Dresdner Bank Luxembourg S.A. as Facility Agent for the Lenders pursuant to and in accordance with Clause 24.1 (Appointment of the Facility Agent and the Security
Agent) of the Facility Agreement (the “Facility Agent”). 

  
 WHEREAS: 
  

	(A)	The Lenders have agreed to make available to the Borrower a term facility on the terms of and subject to the Facility Agreement (as defined below). 

  

	(B)	It is a condition to the Lenders making the Facility available that the Guarantor enters into this Guarantee Agreement. 

  

	(C)	The Guarantor enters into this Guarantee Agreement in favour of the other parties hereto in order to ensure that the Finance Parties shall receive payment of all amounts expressed
to be payable by the Borrower under the Facility Agreement, any other Finance Document to which it is a party or the Subsidy Agreements in the currency and at the place provided therein at its stated or accelerated maturity and irrespective of the
factual or legal circumstances and motives by reason of which the Borrower may fail to pay the Guarantor’s Liabilities (as each are defined below). 

  
 IT IS AGREED as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

  
 In this Guarantee Agreement: 
  
 “Agent” means “Agent” (Agent), as this term is defined in the Facility Agreement. 
  
 “Auditor” means “Wirtschaftsprüfer”
(Auditor), as this term is defined in the Facility Agreement. 
  
 “Authorisation” means “Genehmigung” (Authorisation), as this term is defined in the Facility Agreement. 
  
 “Base Financial Statement” means “Basis-Abschlüsse” (Base Financial Statement), as this term is defined in the
Facility Agreement. 
  

 1 

 “Borrower” means AMD Fab 36 Limited Liability Company & Co. KG. 
  
 “Business Day” means “Bankarbeitstag”
(Business Day), as this term is defined in the Facility Agreement. 
  
 “Business Plan” means “Geschäftsplan” (Business Plan), as this term is defined in the Facility Agreement. 
  
 “Cash Shortfalls” means “Barmittel-Defizite” (Cash Shortfalls), as this term is defined in the Facility Agreement.

  
 “Charged Assets” means “Besichertes
Vermögen” (Charged Assets), as this term is defined in the Facility Agreement. 
  
 “Collateral Security” means any Security provided or assumed by a person in favour of the Security Agent securing the Guarantor’s Liabilities, whether generally or to a limited extent only and
whether created or entered into before, on or after the date of this Guarantee Agreement. 
  
 “Commitment” means “Kreditzusage” (Commitment), as this term is defined in the Facility Agreement. 
  
 “Compliance Certificate” means a certificate substantially in the form set out in Schedule 2 (Form of
Compliance Certificate). 
  
 “Credit Rating”
means “Rating” (Credit Rating), as this term is defined in the Facility Agreement. 
  
 “Dangerous Substance” means “Gefährliche Substanzen” (Dangerous Substance), as this term is defined in the Facility
Agreement. 
  
 “Default” means
“Kündigungstatbestand” (Default), as this term is defined in the Facility Agreement. 
  
 “Environment” means “Umwelt” (Environment), as this term is defined in the Facility Agreement. 
  
 “Environmental Claim” means
“Umweltansprüche” (Environmental Claim), as this term is defined in the Facility Agreement. 
  
 “Environmental Contamination” means each of the following and their consequences: 
  

	 	(a)	any release, discharge, emission, leakage or spillage of any Dangerous Substance at or from any site owned, leased, occupied or used by the Guarantor into any part of the
Environment; or 

  

	 	(b)	any accident, fire, explosion or sudden event at any site owned, leased, occupied or used by the Guarantor which is directly or indirectly caused by or attributable to any Dangerous
Substance; or 

  

	 	(c)	any other pollution of the Environment arising at or from any site owned or occupied by the Guarantor. 

  

 2 

 “Environmental Law” means “Umweltrecht” (Environmental Law), as this
term is defined in the Facility Agreement. 
  
 “Environmental Licence” means “Umweltgenehmigung” (Environmental Licence), as this term is defined in the Facility Agreement. 
  
 “Equipment” means “Anlagen” (Equipment), as this term is defined in the Facility
Agreement. 
  
 “EU Notification Approval” means
“EU-Genehmigung” (EU Notification Approval), as this term is defined in the Facility Agreement. 
  
 “Event of Default” means “Kündigungsgrund” (Event of Default), as this term is defined in the Facility Agreement.

  
 “Facility” means “Kredit”
(Facility), as this term is defined in the Facility Agreement. 
  
 “Facility Agreement” means a term loan facility agreement of up to EUR700,000,000 dated on or about the date of this Guarantee Agreement made amongst, inter alia, the Borrower, the Lenders, Dresdner Bank Luxembourg
S.A. as Facility Agent and Dresdner Bank AG in Berlin as Security Agent and Reporting Agent (the “Facility Agreement”). 
  
 “Federal/State Guarantee” means “Bundes/Landesbürgschaft” (Federal/State Guarantee), as this term is defined in the
Facility Agreement. 
  
 “Federal/State Guarantor
Decision” means “Bürgschaftsentscheidung” (Federal/State Guarantor Decision), as this term is defined in the Facility Agreement. 
  

“Federal/State Guarantors” means “Bundes-/Landesbürgen” (Federal/State Guarantors), as this term is defined in
the Facility Agreement. 
  
 “Finance Documents”
means this Guarantee Agreement, the Facility Agreement, any Fee Letter, any other Security Document and any other document designated as such by the Facility Agent and the Borrower and “Finance Document” means any of them.

  
 “Facility Office” means
“Kreditgeschäftsstelle” (Facility Office), as this term is defined in the Facility Agreement. 
  
 “Fee Letters” means “Gebührenvereinbarungen” (Fee Letters), as this term is defined in the Facility Agreement.

  
 “Finance Party” means
“Finanzierungspartei” (Finance Party), as this term is defined in the Facility Agreement. 
  
 “Financial Indebtedness” means “Finanzverbindlichkeit” (Financial Indebtedness), as this term is defined in the Facility
Agreement. 
  
 “General Partner” means
“Komplementär” (General Partner), as this term is defined in the Facility Agreement. 
  
 “German Subsidiaries” means, collectively or, where the context requires, individually, each Subsidiary of the Guarantor incorporated,
established or formed in Germany. 
  

 3 

 “Group” means “Gruppe” (Group), as this term is defined in the Facility
Agreement. 
  
 “Group Consolidated Cash” means
for any fiscal month the amount of all cash, cash equivalents and short term investments of the Guarantor and of all its Subsidiaries, calculated employing the same method applied in calculating the annual audited and quarterly unaudited
consolidated financial statements of the Guarantor, less the aggregate amount of all outstandings under any third-party revolving credit facility agreement (or third-party term loan agreement for borrowed money with an original maturity of up to one
(1) year) of any member of the Group. 
  
 “Group
Permitted Business” means, in relation to the Guarantor and the Group collectively, the design, development, manufacture and marketing of integrated circuits, together with any activity which is ancillary or incidental to any of the above.

  
 “Guarantee” means the irrevocable and
unconditional guarantee issued by the Guarantor pursuant to the terms of this Guarantee Agreement. 
  
 “Guaranteed Liabilities” means all and any sums that may now be, or might at any time in the future become, due, owing, incurred or
payable, whether actually or contingently, by the Borrower to the Finance Parties under or pursuant to the Facility Agreement or any other Finance Document to which the Borrower is a party including, without limitation, on account of principal,
interest, fees, expenses, indemnity payments, losses or damages and irrespective of: 
  

	 	(a)	the capacity (whether as principal, agent, trustee, beneficiary, partner or otherwise) of the Borrower or any Finance Party; 

  

	 	(b)	whether the Borrower is liable as principal debtor or as surety; 

  

	 	(c)	whether the Borrower is liable alone or jointly and/or severally with any other person; and 

  

	 	(d)	whether originally owing to a Finance Party or purchased or otherwise acquired by it in accordance with the terms of the Facility Agreement. 

  
 “Guarantor’s Liabilities” means the Guaranteed
Liabilities and the Indemnified Liabilities. 
  
 “Hedging
Strategy” means “Hedgingstrategie” (Hedging Strategy), as this term is defined in the Facility Agreement. 
  
 “Indemnified Liabilities” means all and any sums that may now be, or might at any time in the future become, due, owing, incurred or
payable, whether actually or contingently, by the Borrower under or pursuant to the Subsidy Agreements as a result of any repayment claim brought by the Federal Republic of Germany or the Free State of Saxony (Freistaat Sachsen) in connection
with any public allowances or grants (Investitionszuschüsse/ Investitionszulagen) provided to the Borrower including, without limitation, on account of principal, interest, fees, expenses, indemnity payments, losses or damages and
irrespective of: 
  

	 	(a)	the capacity (whether as principal, agent, trustee, beneficiary, partner or otherwise) of the Borrower or the Security Agent; 

  

	 	(b)	whether the Borrower is liable as principal debtor or as surety; and 

  

	 	(c)	whether the Borrower is liable alone or jointly and/or severally with any other person. 

  

 4 

 “Information Memorandum” means “Information Memorandum” (Information
Memorandum), as this term is defined in the Facility Agreement. 
  
 “Insolvency” in relation to any person, refers to that person undergoing or being subject to any winding-up, bankruptcy, receivership, administration, re-organisation, scheme of arrangement or composition, moratorium,
assignment for the benefit of creditors or any analogous event or proceeding. 
  
 “Insurance Adviser” means “Versicherungsberater” (Insurance Adviser), as this term is defined in the Facility Agreement. 
  
 “Insurance Report” means “Versicherungsbericht” (Insurance Report), as this term is
defined in the Facility Agreement. 
  
 “Intellectual
Property” means “Geistiges Eigentum” (Intellectual Property), as this term is defined in the Facility Agreement. 
  
 “Intellectual Property Rights” means “Immaterialgüterrechte” (Intellectual Property Rights), as this term is
defined in the Facility Agreement. 
  
 “Interest
Period” means “Zinsperiode” (Interest Period), as this term is defined in the Facility Agreement. 
  
 “Lender” means “Kapitalgeber” (Lender), as this term is defined in the Facility Agreement. 
  
 “Limited Partners” means “Kommanditisten”
(Limited Partners), as this term is defined in the Facility Agreement. 
  
 “Loan” means “Kreditbetrag” (Loan), as this term is defined in the Facility Agreement. 
  
 “Majority Lenders” means “Kreditgebermehrheit” (Majority Lenders), as this term is defined in the Facility Agreement.

  
 “Management Plan” means
“Managementplan” (Management Plan), as this term is defined in the Facility Agreement. 
  
 “Material Adverse Effect” means “Wesentliche Nachteilige Veränderung” (Material Adverse Effect), as this term is
defined in the Facility Agreement. 
  
 “Material
Subsidiaries” means, collectively or, where the context requires, individually: 
  

	 	(a)	the Borrower; 

  

	 	(b)	AMD Saxony Limited Liability Company & Co. KG; 

  

	 	(c)	FASL LLC; and 

  
 any other member of the Group, including its Subsidiaries, which meets any of the following requirements: 
  

	 	(i)	the Guarantor’s and its Subsidiaries’ investment in and advances to such other member of the Group exceed five (5) per cent. of the total assets of the Group
consolidated as of the end of the most recently completed fiscal year; 

  

 5 

	 	(ii)	the Guarantor’s and its Subsidiaries’ proportionate share of the total assets (after intercompany eliminations) of such other member of the Group exceeds five (5) per
cent. of the total assets of the Group consolidated as of the end of the most recently completed fiscal year; or 

  

	 	(iii)	the Guarantor’s and its Subsidiaries’ earnings from continuing operations before income taxes, extraordinary items and the cumulative effect of a change in accounting
principles of such other member of the Group exceeds five (5) per cent. of such earnings of the Group consolidated for the most recently completed fiscal year. 

  
 “Month” means “Monat” (Month), as this term is defined in the Facility Agreement.

  
 “Obligor” means
“Verpflichteter” (Obligor), as this term is defined in the Facility Agreement. 
  
 “Original Lenders” means “Ursprüngliche Kreditgeber” (Original Lenders), as this term is defined in the Facility
Agreement. 
  
 “Other Surety” means any person
(other than the Guarantor, the Borrower or the Security Agent) who is a party to any Collateral Security. 
  
 “Participation” means “Beteiligung” (Participation), as this term is defined in the Facility Agreement. 
  
 “Participation Agreement” means
“Beteiligungsvereinbarung” (Participation Agreement), as this term is defined in the Facility Agreement. 
  
 “Partnership Agreement” means “Gesellschaftsvertrag” (Partnership Agreement), as this term is defined in the Facility
Agreement. 
  
 “Partnership Interest Pledges”
means “Verpfändung der Gesellschaftsanteile” (Partnership Interest Pledges), as this term is defined in the Facility Agreement. 
  
 “Permitted Business” means “Zulässiger Geschäftsbetrieb” (Permitted Business), as this term is defined in the
Facility Agreement. 
  
 “Permitted Indebtedness”
means “Zulässige Verbindlichkeiten” (Permitted Indebtedness), as this term is defined in the Facility Agreement. 
  
 “Permitted Security” means “Zulässige Sicherheiten” (Permitted Security), as this term is defined in the Facility
Agreement. 
  
 “Project” means
“Projekt” (Project), as this term is defined in the Facility Agreement. 
  
 “Project Documents” means “Projektdokumente” (Project Documents), as this term is defined in the Facility Agreement. 
  
 “Protected Party” means “Geschützte Partei” (Protected Party), as this term is
defined in the Facility Agreement. 
  
 “Qualifying
Lenders” means “Qualifizierte Kreditgeber” (Qualifying Lenders), as this term is defined in the Facility Agreement. 
  

 6 

 “Quarter Date” means “Quartalstag” (Quarter Date), as this term is
defined in the Facility Agreement. 
  
 “Relevant
GAAP” means: 
  

	 	(a)	in respect of the Borrower, German GAAP; 

  

	 	(b)	in respect of the Guarantor, US GAAP; and 

  
 in respect of any other member of the Group (either alone or including its Subsidiaries on a consolidated basis) the generally accepted accounting
principles and practices of its jurisdiction of incorporation, formation or establishment. 
  
 “Relevant Subsidiaries” means, collectively or, where the context requires, individually, the General Partner, AMD Fab 36 Holding GmbH, AMD Fab 36 Admin GmbH and the Borrower. 
  
 “Repeating Representations” means each of the
representations set out in Clause 10.2 (Status) to Clause 10.8 (Governing Law and Enforcement) (inclusive), Clause 10.11 (No Default) to Clause 10.23 (No Security) (inclusive) and Clause 10.27 (Management Plans) to
Clause 10.32 (Security from the Borrower) (inclusive). 
  
 “Reporting Agent” means “Berichtsagentin” (Reporting Agent), as this term is defined in the Facility Agreement. 
  
 “Revolving Credit Agreement” means “Gesellschafter-Barkreditvertrag” (Revolving Credit Agreement), as this term is
defined in the Facility Agreement. 
  
 “SEC”
means the United States Securities and Exchange Commission. 
  
 “Second General Partner” means “Zweiter Komplementär” (Second General Partner), as this term is defined in the Facility Agreement. 
  
 “Security” means “Sicherheiten” (Security), as this term is defined in the Facility Agreement.

  
 “Security Document” means
“Sicherheitendokument” (Security Document), as this term is defined in the Facility Agreement. 
  
 “Signing Date” means “Tag der Unterzeichnung” (Signing Date), as this term is defined in the Facility Agreement.

  
 “Site” means
“Betriebsgrundstück” (Site), as this term is defined in the Facility Agreement. 
  
 “Subordinated Loan” means “Nachrangige Darlehen” (Subordinated Loan), as this term is defined in the Facility Agreement.

  
 “Subordinated Loan Agreement” means
“Gesellschafter-Tilgungskreditvertrag” (Subordinated Loan Agreement), as this term is defined in the Facility Agreement. 
  
 “Subordination Agreement” means “Nachrang- und Kapitalbelassungsvereinbarung” (Subordination Agreement), as this term is
defined in the Facility Agreement. 
  

 7 

 “Subsidiary” means “Tochtergesellschaft” (Subsidiary), as this term is
defined in the Facility Agreement. 
  
 “Subsidy
Agreement” means “Zuschußvertrag” (Subsidy Agreement), as this term is defined in the Facility Agreement. 
  
 “Tax” means “Steuern” (Tax), as this term is defined in the Facility Agreement. 
  
 “Tax Credit” means “Steuergutschrift” (Tax
Credit), as this term is defined in the Facility Agreement. 
  
 “Tax Deduction” means “Steuerabzug” (Tax Deduction), as this term is defined in the Facility Agreement. 
  
 “Tax Payment” means “Steuerzahlung” (Tax Payment), as this term is defined in the Facility Agreement. 
  
 “Technical Completion” means “Technische
Fertigstellung” (Technical Completion), as this term is defined in the Facility Agreement. 
  
 “Transaction Document” means “Transaktionsdokument” (Transaction Document), as this term is defined in the Facility
Agreement. 
  
 “Treaties” means
“Abkommen” (Treaties), as this term is defined in the Facility Agreement. 
  
 “US GAAP” means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified
Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), as applicable. 
  
 “Utilization Request” means
“Ziehungsnotiz” (Utilization Request), as this term is defined in the Facility Agreement. 
  

	1.2	Interpretation 

  

	 	(a)	Any reference in this Guarantee Agreement to: 

  

	 	(i)	the “Security Agent”, “Facility Agent”, the “Borrower” or the “Guarantor” shall be construed so as to include its
successors in title, permitted assigns and permitted transferees; 

  

	 	(ii)	the “Facility Agreement” or any other agreement or instrument is a reference to the Facility Agreement or other agreement or instrument as amended, supplemented,
restated, novated or otherwise modified from time to time; 

  

	 	(iii)	a “person” includes any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having
separate legal personality) or two or more of the foregoing; 

  

	 	(iv)	a provision of law is a reference to that provision as amended or re-enacted; and 

  

	 	(v)	unless a contrary indication appears, a time of day is a reference to Frankfurt am Main time. 

  

 8 

	 	(b)	Section, Clause and Schedule headings are for ease of reference only. 

  

	 	(c)	A capitalised term used in this Guarantee Agreement or in any notice given under or in connection with this Guarantee Agreement and not otherwise defined herein has the meaning
ascribed to such term in the Facility Agreement. 

  

	2.	GUARANTEE 

  

	(a)	The Guarantor hereby irrevocably and unconditionally guarantees the due and punctual payment in full to the Lenders (acting through the Security Agent), without set-off or
deduction, of the Guaranteed Liabilities in accordance with, and in the currency or respective currencies in which the same are payable under, the terms of the relevant Finance Documents. Payment shall be made within three (3) Business Days of
demand to such account in Germany as the Security Agent shall specify in writing. 

  

	(b)	The Guarantor hereby irrevocably and unconditionally undertakes to indemnify, within three (3) Business Days of demand by the Borrower or the Security Agent, the Borrower and any
other party to this Guarantee Agreement against any cost, loss or liability incurred by that party as a result of any repayment claim brought by the Federal Republic of Germany or the Free State of Saxony (Freistaat Sachsen) in connection
with any public allowances or grants (Investitionszuschüsse/Investitionszulagen) provided to the Borrower pursuant to a Subsidy Agreement. 

  

	3.	PAYMENT ON FIRST DEMAND 

  
 The Guarantor undertakes to effect payment hereunder promptly upon receipt of the Security Agent’s first written demand and its confirmation in
writing that the amount claimed corresponds to the Guarantor’s Liabilities. 
  

	4.	PRIMARY OBLIGATION 

  
 The Guarantee constitutes the Guarantor’s primary obligation (Garantie) (and not a surety guarantee obligation (Bürgschaft)) to
make payment to the Security Agent in accordance with the terms of this Guarantee Agreement, under any and all circumstances, regardless of the validity, legality or enforceability of the Facility Agreement or any other Finance Document. Demands may
be made under this Guarantee Agreement from time to time and may be enforced irrespective of whether any steps or proceedings are or will be taken against the Borrower or any Other Surety to recover amounts claimed under this Guarantee Agreement.

  

	5.	CONTINUING SECURITY 

  
 This Guarantee Agreement shall be a continuing security until all of the Guarantor’s Liabilities have been paid, discharged or performed in full and
shall not be satisfied by any intermediate discharge or payment of or on account of the Guarantor’s Liabilities or any of them or any settlement of accounts between the Finance Parties and the Borrower or any Other Surety or the Federal
Republic of Germany, the Free State of Saxony (Freistaat Sachsen), the Agents and the Borrower. 
  

 9 

	6.	UNCONDITIONAL GUARANTEE 

  

	6.1	Absolute Payment Obligation 

  
 The Guarantor’s liability hereunder shall be absolute and unconditional in all circumstances and shall not be discharged, impaired or otherwise
affected by any defences, exceptions, rights of withholding or counterclaims which may be available to the Borrower, including without limitation, any one or more of the following (whether occurring with or without the consent of, or notice to, any
person): 
  

	 	(a)	the Facility Agreement or any Collateral Security being or becoming wholly or partially illegal, void, voidable, subject to a right of rescission (Anfechtung) or
unenforceable for any reason whatsoever; 

  

	 	(b)	any absence or insufficiency of corporate resolutions relating to the Facility Agreement; 

  

	 	(c)	any inadequate representation of the Borrower; 

  

	 	(d)	any absence of licences or other authorisations or any factual or legal restrictions or limitations existing or introduced in the country of incorporation, establishment or
formation of the Borrower; 

  

	 	(e)	the Security Agent holding, taking, renewing or extending any Collateral Security at any time; 

  

	 	(f)	any variation, amendment, modification, replacement, termination, waiver, release, discharge, exchange, assignment or transfer of, or other dealing with, the Facility Agreement,
this Guarantee Agreement or any Collateral Security (however fundamental and including, without limitation, any increase in any amount due or owing thereunder or in the rate of interest or any other sum payable thereunder or any prejudice to or loss
of any rights of subrogation); 

  

	 	(g)	any time, credit or other indulgence being granted to, or any release of or composition or other arrangement with, the Borrower or any Other Surety; 

  

	 	(h)	any inability, omission or neglect (intentional or otherwise) on the part of the Security Agent to take or perfect, or on the part of the Borrower or any other person to give, any
Collateral Security agreed or intended to be taken or given or any such inability, omission or neglect on the part of the Security Agent to enforce the Agreement or any Collateral Security; 

  

	 	(i)	any right of set-off (Aufrechnung), right of withholding or retention (Zurückbehaltungsrecht) or similar rights of the Borrower or any third party on behalf of
the Borrower; 

  

	 	(j)	any acquiescence, negligence or mistake on the part of an Agent; 

  

	 	(k)	the Lenders or any Agent being able to raise any right of combination of accounts, set-off or similar rights in view of any Guarantor’s Liabilities; and

  

	 	(l)	any other act, fact, event or omission which but for this provision might operate to discharge, impair or otherwise affect the Guarantor’s liability hereunder.

  

 10 

	6.2	Unrestricted Right of Enforcement 

  
 The Guarantor’s obligations hereunder are in addition to and not in substitution for any Collateral Security which the Security Agent may now or
hereafter hold. This Guarantee Agreement may be enforced without the Security Agent first having recourse to any such Collateral Security and without having to take any steps or proceedings or exhaust any rights against the Borrower or any Other
Surety, or may be enforced for any balance due to the Security Agent after having resorted to any one or more such means of obtaining payment and discharge of all or any part of the Guarantor’s Liabilities. 
  

	7.	TAXES 

  

	7.1	Indemnity 

  

	(a)	The Guarantor shall (within three (3) Business Days of demand by the Security Agent) pay to the Protected Party an amount equal to the loss, liability or cost that that Protected
Party determines will be or has been (directly or indirectly) suffered for or on account of withholding Tax, stamp duty, registration and other similar Taxes by that Protected Party in respect of a Finance Document. 

  

	(b)	Paragraph (a) above shall not apply: 

  

	 	(i)	with respect to any Tax assessed on a Lender: 

  

	 	(A)	under the law of the jurisdiction in which that Lender is incorporated or, if different, the jurisdiction (or jurisdictions) in which that Lender is treated as resident for tax
purposes; or 

  

	 	(B)	under the law of the jurisdiction in which that Lender’s Facility Office is located in respect of amounts received or receivable in that jurisdiction, 

 
 if in either case that Tax is imposed on or calculated by reference to
the net income received or receivable (but not any sum deemed to be received or receivable) by that Lender; or 
  

	 	(ii)	to the extent a loss, liability or cost: 

  

	 	(A)	is compensated for by an increased payment under Clause 7.2 (Gross-up); or 

  

	 	(B)	would have been compensated for by an increased payment under Clause 7.2 (Gross-up) but was not so compensated solely because one of the exclusions in paragraph (d) of Clause
7.2 (Gross-up) applied. 

  

	(c)	A Protected Party making, or intending to make, a claim pursuant to paragraph (a) above shall promptly notify the Security Agent of the event which will give, or has given, rise to
the claim, following which the Security Agent shall notify the Guarantor. 

  

	(d)	A Protected Party shall, on receiving a payment from the Guarantor under this Clause 7.1, notify the Security Agent. 

  

	7.2	Gross-Up 

  

	(a)	The Guarantor shall make all payments to be made by it without any Tax Deduction, unless a Tax Deduction is required by law. 

  

 11 

	(b)	The Guarantor shall promptly upon becoming aware that the Guarantor must make a Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction) notify the
Security Agent accordingly. Similarly, a Lender shall notify the Security Agent on becoming so aware in respect of a payment payable to that Lender. If the Security Agent receives such notification from a Lender it shall notify the Guarantor.

  

	(c)	If a Tax Deduction is required by law to be made by the Guarantor in respect of a payment to a Lender, the amount of the payment due from the Guarantor to that Lender shall be
increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment which would have been due if no Tax Deduction had been required. 

  

	(d)	The Guarantor is not required to make an increased payment to a Lender under paragraph (c) above for a Tax Deduction in respect of any payment which is capable of attracting a Tax
Deduction, if on the date on which the payment falls due: 

  

	 	(i)	the payment relates to a Tax referred to in paragraph (b) of Clause 7.1 (Indemnity); 

  

	 	(ii)	the payment could have been made to the relevant Lender without the Tax Deduction if it was a Qualifying Lender, but on that date that Lender is not or has ceased to be a Qualifying
Lender other than as a result of any change after the date it became a Lender under the Facility Agreement in (or in the interpretation, administration or application of) any law or Treaty, or any published practice or concession of any relevant
taxing authority; or 

  

	 	(iii)	the Guarantor is able to demonstrate that the payment could have been made to that Lender without the Tax Deduction had that Lender complied with its obligations under paragraph (g)
below, including timely providing the documents allowing the Guarantor to make the payment without a Tax Deduction. 

  

	(e)	If the Guarantor is required to make a Tax Deduction, the Guarantor shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time
allowed and in the minimum amount required by law. 

  

	(f)	Within thirty (30) days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the Guarantor shall deliver to the Security Agent for the
Finance Party entitled to the payment evidence reasonably satisfactory to that Finance Party that the Tax Deduction has been made or (as applicable) any appropriate payment has been paid to the relevant taxing authority. 

  

	(g)	A Lender and the Guarantor shall co-operate in completing any procedural formalities necessary for the Guarantor to obtain authorisation to make a payment to that Lender without a
Tax Deduction, and such Lender shall provide to the applicable party or parties on a timely basis the necessary documents allowing the Guarantor to make the payment without a Tax Deduction. 

  

	(h)	Any difference in the amount which is owed by the Guarantor under paragraph (c) above will not be covered by the Federal/State Guarantee. Any such amount which is paid by the
Guarantor and not recovered by it under Clause 7.3 (Tax Credit) is deemed to reduce the principal amount owed by the Guarantor in relation to the Federal/State Guarantor. 

  

 12 

	7.3	Tax Credit 

  

	(a)	If the Guarantor makes a Tax Payment and the relevant Lender determines that: 

  

	 	(i)	a Tax Credit is attributable either to an increased payment of which that Tax Payment forms part, or to that Tax Payment; and 

  

	 	(ii)	that Lender has obtained, utilised and retained that Tax Credit, or could have obtained, utilised or retained that Tax Credit had it claimed such benefit according to the applicable
procedural rules within the provisions of paragraph (c) below, 

  
 the Lender shall pay an amount to the Guarantor which that Lender determines will leave it (after that payment) in the same after-Tax position as it would have been in had the Tax Payment not been required to be made
by the Guarantor. Upon the request of the Guarantor, the relevant Lender will use its reasonable endeavours (to the extent commercially practicable and legally permitted) to recover such Tax Credit. 
  

	(b)	If such a Tax Credit by reference to which a Lender has made a payment to the Guarantor under paragraph (a) above is subsequently disallowed or cancelled, the Guarantor must
reimburse any payment made under paragraph (a) above to the relevant Lender. 

  

	(c)	If the Guarantor makes a Tax Payment, the relevant Lender shall take reasonable steps to claim a Tax Credit unless in the opinion of that Lender the making of such claim might have
an adverse effect on its business, operations, property, condition or prospects (financial or otherwise). The Guarantor shall bear any costs incurred by a Lender in making such a claim. 

  

	7.4	Original Lenders’ Confirmation 

  

	(a)	Each Original Lender confirms to the Guarantor, the Security Agent and the Facility Agent on the date of this Guarantee Agreement that it is a Qualifying Lender.

  

	(b)	A Lender shall promptly give notice to the Guarantor (through the Security Agent) if it becomes aware of any change in the position from that set out in paragraph (a) above.

  

	8.	CURRENCY INDEMNITY 

  
 If any amount is received by the Security Agent in a currency other than that in which the relevant obligation or liability of the Guarantor was payable
(the “Required Currency”) (whether pursuant to a judgment, in the Insolvency of the Guarantor or otherwise), such obligation or liability shall be discharged only to the extent that an Agent is able, upon receipt of such amount, to
purchase the Required Currency with such other currency in accordance with the usual banking procedures of the Security Agent. If the amount in the Required Currency which may be so purchased is, after deducting any costs of exchange and any other
related costs, less than the amount of the relevant obligation or liability, the Guarantor shall, as a separate and independent obligation and notwithstanding any time or other indulgence granted to the Guarantor or any other act, matter or thing,
forthwith pay to the Security Agent the amount of the shortfall. 
  

	9.	CLAIMS BY GUARANTOR 

  

	9.1	Limitation on Exercise of Rights 

  
 So long as any Guarantor’s Liability remains outstanding or capable of arising the Guarantor waives all rights of subrogation and indemnity against
the Borrower and any Other Surety and agrees that it shall not exercise any rights which it may have by reason of performance by it of its obligations hereunder and under the other Finance Documents and it shall not, except as may be directed by the
Security Agent: 
  

	 	(a)	make or enforce any claim or right against the Borrower or any Other Surety whether 

  

 13 

 in respect of any payment hereunder or otherwise and whether by way of defence, set-off, counterclaim,
subrogation, contribution, indemnity or otherwise, except as specifically permitted under the Subordination Agreement; 
  

	 	(b)	claim the benefit of any set-off, counterclaim, proof, dividend, composition or payment to which an Agent may now or hereafter be entitled from or against the Borrower or any Other
Surety, except as specifically permitted under the Subordination Agreement; 

  

	 	(c)	claim the benefit of or participate in any Collateral Security now or hereafter held by the Security Agent or any share therein; 

  

	 	(d)	prove or claim in competition to the Security Agent in the Insolvency of the Borrower or any Other Surety so as to diminish any distribution, dividend or payment which, but for such
proof or claim, the Security Agent would be entitled to receive and the Guarantor shall not claim or receive the benefit of any distribution, dividend or payment arising out of or relating thereto; 

  

	 	(e)	call on an Agent to sue or take proceedings against the Borrower or any Other Surety or raise a defence, set-off or counterclaim of the Guarantor, the Borrower or any Other Surety
in reduction of the Guarantor’s liability hereunder; 

  

	 	(f)	otherwise have or exercise any rights of subrogation or as surety in competition with an Agent. 

  

	9.2	Payments under the Project Documents 

  
 Subject to the terms of the Subordination Agreement, nothing contained in this Guarantee Agreement shall prevent the Guarantor from receiving any payments
due to it pursuant to the Project Documents. 
  

	10.	REPRESENTATIONS AND WARRANTIES 

  

	10.1	Representations and Warranties 

  

	(a)	The Guarantor makes the representations and warranties set out in Clause 10.11 (No Default), Clause 10.13 (Good Title to Assets), Clause 10.14 (Intellectual
Property Rights), Clause 10.21 (Taxation) to Clause 10.23 (No Security or Guarantees) (inclusive), paragraphs (b) to (d) (inclusive) of Clause 24 (Information Memorandum) to Clause 10.28 (Change in Business)
(inclusive), Clause 10.30 (Material Disclosures) and Clause 10.32 (Security from the Borrower) below on behalf of itself, and makes all other representations and warranties set out in this Clause 10, except where noted otherwise, on
behalf of itself and each of its Subsidiaries. 

  

	(b)	The Finance Parties have entered into the Facility Agreement in reliance on these representations and warranties. 

  

	10.2	Status 

  

	(a)	The Guarantor and each Relevant Subsidiary is a corporation, limited liability company or a limited partnership (KG), duly incorporated, established or formed and validly
existing under the law of the jurisdiction of its place of incorporation, establishment or formation. 

  

 14 

	(b)	The Guarantor and each Relevant Subsidiary has the power to own its assets and carry on its business as it is currently being conducted. 

  

	(c)	As of the Signing Date, one hundred (100) per cent. of the capital partnership interests (Kapitalanteile) in the Borrower are held by the Limited Partners.

  

	(d)	The Limited Partners who are members of the Group have an aggregate minimum holding of at least fifty-one (51) per cent. of the capital in the Borrower and neither Limited
Partner that is a member of the Group holds partner or equity interests in any other person (except that AMD Fab 36 Admin GmbH is a wholly-owned subsidiary of AMD Fab 36 Holding GmbH). 

  

	(e)	AMD Fab 36 Holding GmbH and the General Partner are wholly-owned subsidiaries of the Guarantor. 

  

	10.3	No Winding-Up 

  
 Save as otherwise disclosed in writing to the Facility Agent, no administrator, receiver, insolvency trustee, bankruptcy examiner, liquidator or similar
officer or official has been appointed with respect to the Guarantor, any Material Subsidiary or any Relevant Subsidiary or any of their assets and (to the best of its knowledge and belief) no petition by a third party or proceeding for any such
appointment is pending nor has any resolution for any such appointment been passed. 
  

	10.4	Binding Obligations 

  
 The obligations expressed to be assumed by the Guarantor and each Relevant Subsidiary in each Transaction Document to which it is a party are, subject to
any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation) of the Facility Agreement and the conditions precedent set forth in the
Finance Documents, legal, valid, binding and enforceable obligations. 
  

	10.5	Non-Conflict with Other Obligations 

  
 The entry into and performance by the Guarantor and any other member of the Group that is a party to a Transaction Documents of, and the transactions
contemplated by, the Transaction Documents to which the Guarantor and/or such other member of the Group is a party do not and will not conflict with: 
  

	 	(a)	any law or regulation applicable to it; 

  

	 	(b)	its constitutional documents; 

  

	 	(c)	any material agreement or instrument binding upon it or any material part of its assets, 

  
 nor (except as provided in any Security Documents to which the Guarantor and/or such other member of the Group is a party)
result in the creation of, or oblige the Guarantor or such other member of the Group or any of its Subsidiaries to create, any Security (other than Permitted Security) over any material part of its or any of its Subsidiaries’ assets.

  

	10.6	Power and Authority 

  
 Each of the Guarantor and any other member of the Group that is a party to a Transaction Document has the power to enter into, perform and deliver, and
has taken all necessary action to authorise its entry into, performance and delivery of, the Transaction Documents to which it is a party and the transactions contemplated by those Transaction Documents. 
  

 15 

	10.7	Validity and Admissibility in Evidence 

  
 All Authorisations (not including the EU Notification Approval) required by each of the Guarantor and any other member of the Group that is a party to a
Transaction Document: 
  

	 	(a)	to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Transaction Documents to which it is a party; 

  

	 	(b)	to make the Transaction Documents to which it is a party admissible in evidence in its jurisdiction of incorporation, establishment or formation; and 

  

	 	(c)	to enable it to create any Security expressed to be created by it by or pursuant to, or as the case may be, any Security expressed to have been created by it and to be evidenced in,
any Security Document to which it is a party and to ensure that such Security has the priority and ranking it is expressed to have, 

  
 have been obtained or effected and are in full force and effect, save for (i) any filings, registrations or notarisations required in relation to the
Security Documents to which it is a party, which filings, registrations or notarisations will be made promptly after execution of the relevant documents and in any event within applicable time limits, or (ii) such filings, registrations or
notarisations which have been obtained and effected. 
  

	10.8	Governing Law and Enforcement 

  

	(a)	The choice of German law as the governing law of the Finance Documents to which each of the Guarantor and any other member of the Group is a party (or, in respect of any Security
Document to which it is a party, the choice of the relevant governing law of that Security Document) will be recognised and enforced in its jurisdiction of incorporation, establishment or formation, subject to the requirements for or exceptions to
the recognition and enforcement of provisions governed by foreign laws generally applicable in such jurisdiction. 

  

	(b)	Any judgment obtained in Germany in relation to the Finance Document to which each of the Guarantor and any other member of the Group is a party (or, in respect of any Security
Document to which it is a party, any judgment obtained in the courts which are expressed to have jurisdiction to hear disputes under that Security Document) will be recognised and enforced in its jurisdiction of incorporation, establishment or
formation, subject to the requirements for or exceptions to the enforcement of foreign judgments generally applicable in such jurisdiction. 

  

	10.9	Deduction of Tax 

  
 To the extent that a payment by the Guarantor or any other member of the Group under a Finance Document to which it is a party is made to a Qualifying
Lender and such Qualifying Lender has provided all the documentation required under applicable laws and regulations, neither the Guarantor nor such other member of the Group is required under the law of its jurisdiction of incorporation,
establishment or formation to make any deduction for or on account of Tax from any such payment. 
  

 16 

	10.10	No Filing or Stamp Taxes 

  
 Under the law of the jurisdiction of incorporation, establishment or formation of the Guarantor and any other member of the Group that is a party to a
Finance Document, it is not necessary that the Finance Documents to which it is a party be filed, recorded or enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar tax be paid on or in relation to
the Finance Documents to which it is a party or the transactions contemplated therein. 
  

	10.11	No Default 

  

	(a)	No Event of Default is continuing or might reasonably be expected to result from the making of any Utilisation. 

  

	(b)	No other event or circumstance is outstanding which constitutes any material default under any other agreement or instrument which is binding on the Guarantor or to which its assets
are subject which would amount to an aggregate liability of over twenty million (20,000,000) Euro arising under such agreement or instrument from such default (save to the extent that any liabilities are being contested in good faith).

  

	10.12	Information 

  

	(a)	Any written information (excluding that referred to in Clause 10.24 (Information Memorandum)) and any financial information (including in relation to the Credit Ratings)
provided by the Guarantor and/or any German Subsidiary to any Finance Party in connection with the Transaction Documents was true, accurate and complete in all material respects as at the date it was provided and was not misleading in any material
respect. 

  

	(b)	To the extent that the information referred to in paragraph (a) above contained any opinions, forecasts, projections and/or conclusions, such opinions, forecasts, projections and/or
conclusions were fair, based on reasonable assumptions and were made in good faith; provided however, that the Guarantor and the German Subsidiaries make no representation or warranty in relation to any information provided by a third party
and denoted as such. 

  

	10.13	Good Title to Assets 

  
 The Borrower has, subject to Permitted Security, good and marketable title to or valid leases or licences of or is otherwise entitled to use all material
assets (including the Equipment acquired as at the date of this representation, but not including Intellectual Property which is subject to the provisions of Clause 17.14 (Intellectual Property Rights) of the Facility Agreement) necessary to
carry on its business as it is being conducted. 
  

	10.14	Intellectual Property Rights 

  

	(a)	To the best of its knowledge and belief, the Guarantor has legal rights to use all the Intellectual Property which is material to its business and, unless otherwise disclosed by an
Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, to the best of its knowledge and belief, the Guarantor does not, in carrying on its business, infringe any Intellectual
Property Rights of any third party in any material respect. 

  

	(b)	To the best of its knowledge and belief, unless otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of
its SEC filings, the Guarantor has registered and has taken all requisite actions (including payment of 

  

 17 

 fees) required to maintain in full force and effect any registered Intellectual Property Rights owned by
the Guarantor which are material in the context of its business or which are required to be registered under applicable law. 
  

	10.15	Creation of Security 

  

	(a)	Each of the Guarantor and any other member of the Group that is a party to a Security Document is, or at the time of execution (and the fulfilment of any conditions included
therein) of the Security Documents to which it is a party will be, subject to any Permitted Security, the absolute owner (Eigentümer) of all the material assets over which it purports to create Security by or pursuant to or as evidenced
in the Security Documents to which it is a party. 

  

	(b)	Each Security Document to which each of the Guarantor and any other member of the Group that is a party to a Security Document is or is to be a party creates, or upon such execution
(and the fulfilment of any conditions included therein) will create, the Security which that Security Document purports to create or, if that Security Document purports to evidence Security, accurately evidences, or upon such execution (and the
fulfilment of any conditions included therein) will so evidence, Security which has been validly created. 

  

	(c)	The partner or equity interests (Gesellschaftsanteile) of each of the Guarantor and any other member of the Group that is a party to a Security Document which are or are to
be subject to any Security created by or pursuant to, or evidenced in, any of the Security Documents to which it is or is to be a party have been or will be duly authorised and validly issued and are or will be fully paid in, as specified in the
“Milestones” set out in the Partnership Agreement, and non-assessable. 

  

	10.16	Insurance 

  

	(a)	Each of the Guarantor and the Relevant Subsidiaries maintains or is the beneficiary of insurance on and in relation to its business and assets (and in particular, the Borrower
maintains the Required Insurance on and in relation to the Site) with reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by it in its
jurisdiction of incorporation, establishment or formation. 

  

	(b)	There has been no omission to disclose a fact which must be disclosed by applicable law or pursuant to contract, which might in either case entitle an insurer to avoid or otherwise
reduce its liability under any policy relating to insurance as referred to in paragraph (a) above. 

  

	10.17	Pari Passu Ranking 

  
 The payment obligations under the Finance Documents to which each of the Guarantor and any other member of the Group is a party rank at least pari
passu with the claims of all its unsecured and unsubordinated creditors except for obligations mandatorily preferred by law applying to creditors or certain types of creditors generally. 
  

	10.18	No Proceedings Pending or Threatened 

  
 Except as otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC
filings, no material litigation, arbitration or administrative proceedings of or before any court, arbitral body or agency in relation to an Obligor, the Project or any Transaction Document to which such Obligor is a party which, if adversely
determined, might reasonably be expected to have a Material Adverse Effect have been started or (to the best of that Obligor’s knowledge and belief) threatened against it. 
  

 18 

	10.19	Environmental Compliance 

  

	(a)	Save as otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, it has obtained all
requisite Environmental Licences as then required in relation to it business, where failure to do so would or might reasonably be expected to have a Material Adverse Effect, and has at all times, unless otherwise disclosed by an Obligor in writing
to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, complied in all material respects with: 

  

	 	(i)	all applicable Environmental Laws as then required in relation to its business; 

  

	 	(ii)	the terms and conditions of such Environmental Licences; and 

  

	 	(iii)	all other covenants, conditions, restrictions and agreements binding on it directly or indirectly concerned with any Environmental Contamination, 

  
 in each case where failure to do so would or might reasonably be expected to
have a Material Adverse Effect. 
  

	(b)	Save otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC filings, there are to its
knowledge no events or circumstances that have occurred which may prevent or interfere with the compliance in any material respect in the future of it with all applicable Environmental Laws required in relation to its business, the terms of all
Environmental Licences referred to in paragraph (a) above and all covenants, conditions, restrictions and agreements referred to in such paragraph and which would or might reasonably be expected to have a Material Adverse Effect.

  

	10.20	Environmental Claims 

  
 Save as otherwise disclosed by an Obligor in writing to the Facility Agent or, after the Signing Date, through the Guarantor giving notice of its SEC
filings, no Environmental Claim in relation to its business has been started or (to the best of its knowledge and belief) threatened against it which may reasonably be expected to have a Material Adverse Effect. 
  

	10.21	Taxation 

  

	(a)	The Borrower has duly and punctually paid and discharged all Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties; save to the
extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

 19 

	(b)	The Guarantor has duly and punctually paid and discharged all German Taxes imposed upon it or its assets and due within the time period allowed without incurring penalties; save to
the extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	(c)	Neither Obligor is materially overdue in the filing of any Tax returns in Germany or the United States. 

  

	(d)	No claims are being asserted against either Obligor, nor is either Obligor aware of any claims that are reasonably likely to be asserted against it, with respect to any Taxes which
might have a Material Adverse Effect. 

  

	10.22	No Indebtedness 

  
 Save for any Permitted Indebtedness, the Borrower has: 
  

	 	(a)	no Financial Indebtedness; and 

  

	 	(b)	no other indebtedness, except for any which has been incurred in the ordinary course of its business. 

  

	10.23	No Security or Guarantees 

  
 Save for any Permitted Security: 
  

	 	(a)	no Security exists over all or any of the Borrower’s assets; and 

  

	 	(b)	no arrangement or transaction as described in paragraph (b) of Clause 20.3 (Negative Pledge) of the Facility Agreement has been entered into by the Borrower and is
outstanding. 

  

	10.24	Information Memorandum 

  

	(a)	The information provided by the Guarantor or any German Subsidiary in relation to any member of the Group in the Information Memorandum was true, accurate and complete in all
material respects as at the date on which it was provided to the Facility Agent and, as supplemented by the Guarantor’s SEC filings, was not misleading or incomplete in any material respect. 

  

	(b)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Information Memorandum; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

  

since the date of the Information Memorandum that results in the information contained therein about any member of the Group being untrue or misleading
in any material respect. 
  

	(c)	All opinions, forecasts, projections and conclusions contained in the Information Memorandum in relation to any member of the Group were fair, based on reasonable assumptions and
were made in good faith. 

  

 20 

	 	(d)	Notwithstanding anything to the contrary contained in this Clause 10.24: 

  

	 	(i)	the Guarantor makes no representation or warranty in relation to: 

  

	 	(A)	any information provided by a third party and denoted as such; and 

  

	 	(B)	such information contained in the “Key Lending Considerations” section of the Information Memorandum; and 

  

	 	(ii)	in relation to the “Risks and Mitigants” section of the Information Memorandum, the Guarantor only makes representations and warranties in relation to factual information
set out therein. 

  

	10.25	Base Financial Statements 

  

	(a)	The Base Financial Statements: 

  

	 	(i)	were prepared in accordance with the Relevant GAAP consistently applied; and 

  

	 	(ii)	(in the case of quarterly unaudited financial statements) fairly represent its financial condition and operations as at the date to which they were prepared and during the relevant
financial period for which they were prepared, subject to normal year end adjustments, and take account of all material liabilities (contingent or otherwise), and all anticipated losses, as at the date to which they were prepared, unless expressly
disclosed to the Facility Agent in writing to the contrary before the date of this Guarantee Agreement. 

  

	(b)	There has been no Material Adverse Effect since the date on which its latest Base Financial Statements were prepared. 

  

	10.26	Business Plan 

  

	(a)	The Business Plan has been prepared using accounting policies, practices and procedures consistent, in all material respects, with German GAAP as at the date of the Business Plan.

  

	(b)	The information in the Business Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not misleading in
any material respect. 

  

	(c)	The Guarantor does not regard as unreasonable, or to any material extent, unattainable, any of the opinions, forecasts, projections or conclusions set out in the Business Plan as at
the date thereof. 

  

	(d)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the Business Plan; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

  

since the date of the Business Plan that results in the information contained therein being untrue or misleading in any material respect;
provided however, the Guarantor makes no representation or warranty in relation to any information provided by a third party and denoted as such. 
  

	(e)	All the opinions, forecasts, projections and conclusions contained in the Business Plan were fair, based on reasonable assumptions and were made in good faith.

  

 21 

	(f)	To the best of its knowledge and belief, the Guarantor has made full disclosure of all material facts of which it was aware at the time relating to the Project to all persons
responsible for the preparing of the Business Plan. 

  

	10.27	Management Plans 

  

	(a)	The information in the most recent Management Plan was true, accurate and complete in all material respects as at the date on which it was provided to the Facility Agent and was not
misleading in any material respect. 

  

	(b)	The Guarantor regards (as at the date that the most recent Management Plan is delivered to the Facility Agent) as neither unreasonable, nor to any material extent unattainable, any
of the opinions, forecasts, projections or conclusions set out in that Management Plan. 

  

	(c)	Save as otherwise disclosed in writing to the Facility Agent: 

  

	 	(i)	nothing has occurred or been omitted from the most recent Management Plan; and 

  

	 	(ii)	no information has been given or withheld by the Guarantor or on its behalf, 

  

since the date that the most recent Management Plan was delivered to the Facility Agent that results in the information contained therein being untrue
or misleading in any material respect; provided however, it makes no representation or warranty in relation to any information provided by a third party and denoted as such. 
  

	(d)	As at the date that the most recent Management Plan was delivered to the Facility Agent, all the opinions, forecasts, projections and conclusions contained therein were fair, based
on reasonable assumptions and were made in good faith. 

  

	(e)	To the best of its knowledge and belief, the Guarantor has made full disclosure of all material facts of which it was aware at the time relating to the Project to all persons
responsible for the preparing of each Management Plan. 

  

	10.28	Change in Business 

  

	(a)	The Borrower has not made, or taken any steps to make, any substantial change to the Permitted Business. 

  

	(b)	The Guarantor has not made, or taken any steps to make, any substantial change to the Group Permitted Business. 

  

	10.29	Material Adverse Effect 

  
 Neither the Guarantor nor any of its Subsidiaries has entered into any agreement or obligation: 
  

	 	(a)	which could have a Material Adverse Effect; or 

  

	 	(b)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by either Obligor. 

  

 22 

	10.30	Material Disclosures 

  
 The Guarantor has disclosed in writing to the Facility Agent all material information in its possession relating to the Project, including all Project
Documents and other material agreements. 
  

	10.31	Compliance with Laws and Regulations 

  
 The Guarantor and each Relevant Subsidiary have at all times complied in all material respects with any law or regulation applicable to it where failure
to do so could reasonably be expected to result in a Material Adverse Effect. 
  

	10.32	Security from the Borrower 

  
 The Guarantor has not taken from the Borrower or any Other Surety any Security in respect of the Guarantor’s liability hereunder or in respect of any
other obligation or liability which the Borrower has or may at any time have to the Guarantor as a result of performance by the Guarantor of its obligations under this Guarantee Agreement. 
  

	10.33	Time for Making Representations and Warranties 

  

	(a)	The representations and warranties set out in this Clause 10 are made by the Guarantor on the Signing Date. 

  

	(b)	The Repeating Representations are deemed to be made by the Guarantor by reference to the facts and circumstances then existing (except as otherwise provided therein) on the date of
each Utilisation Request, on the first day of each Interest Period and, prior to the date of first Utilisation, on each Quarter Date. 

  

	11.	INFORMATION UNDERTAKINGS 

  

	11.1	Financial Statements 

  
 During the term of this Guarantee Agreement, the Guarantor shall supply to the Facility Agent in sufficient numbers for all the Lenders and the
Federal/State Guarantor: 
  

	 	(a)	as soon as the same become available, but in any event within ninety (90) days after the end of each of its fiscal years: 

  

	 	(i)	its audited consolidated financial statements for that financial year; 

  

	 	(ii)	the audited unconsolidated financial statements of the General Partner for that financial year (excluding the year ending 31 December 2003); and 

  

	 	(iii)	the audited unconsolidated financial statements of each Limited Partner that is a member of the Group for that financial year (excluding the year ending 31 December 2003),

  
 each comprising of its balance sheet, profit
and loss account and cash flow statement, (and in the case of the Guarantor, together with a description of the business, market and financial developments of the Guarantor as required to be delivered by the Guarantor in its periodic SEC filings);

  

	 	(b)	as soon as the same become available, but in any event within sixty (60) days (or, if in respect of the last fiscal quarter of a financial year, within ninety (90) days) after

  

 23 

 the end of each fiscal quarter in each of its financial years, its unaudited consolidated financial
statements for that fiscal quarter, comprising of its balance sheet, profit and loss account and cash flow statement; and 
  

	 	(c)	as soon as the same become available, but in any event within thirty (30) days after the end of each Month, and for the first time in relation to the Month ending immediately prior
to the date of Technical Completion and to be provided on such date, reports on the Credit Rating and the Group Consolidated Cash of the Guarantor (calculated in accordance with US GAAP) substantially in the form set out in Schedule 3 (Form of
Monthly Consolidated Cash Reports). 

  

	11.2	Compliance Certificate 

  

	(a)	The Guarantor shall supply to the Facility Agent, with each set of financial statements delivered pursuant to paragraphs (a) and (b) of Clause 11.1 (Financial Statements), a
Compliance Certificate setting out (in reasonable detail), in each case as at the date to which those financial statements were drawn up, computations as to compliance with Clause 12 (Financial Covenants) if compliance with such financial
covenants is required pursuant to the terms of this Guarantee Agreement. 

  

	(b)	The Guarantor shall ensure that each Compliance Certificate shall be signed by: 

  

	 	(i)	the chief financial officer, director of treasury or treasurer of the Guarantor, in the case of financial statements of the Guarantor; 

  

	 	(ii)	a senior duly authorised officer, in the case of financial statements of the General Partner; or 

	

	 	(iii)	a senior duly authorised officer, in the case of financial statements of such Limited Partner that is a member of the Group, 

  
 as the case may be, and, if required to be delivered with the audited
financial statements delivered pursuant to paragraph (a) of Clause 11.1 (Financial Statements), confirmed by the Auditors. 
  

	11.3	Requirements as to Financial Statements 

  

	(a)	Each set of financial statements and statements delivered by the Guarantor pursuant to paragraph (a) of Clause 11.1 (Financial Statements) shall be audited and accompanied by
an audit report without material qualification by the Auditors. 

  

	(b)	Each set of financial statements delivered by the Guarantor pursuant to paragraphs (a) and (b) of Clause 11.1 (Financial Statements) shall be certified by:

  

	 	(i)	the chief financial officer, director of treasury or treasurer of the Guarantor, in the case of financial statements of the Guarantor; 

  

	 	(ii)	a senior duly authorised officer, in the case of financial statements of the General Partner; or 

  

	 	(iii)	a senior duly authorised officer, in the case of financial statements of such Limited Partner that is a member of the Group, 

  
 as the case may be, as fairly representing its financial condition as at the
date as at which those financial statements were drawn up (in the case of unaudited financial statements, subject to normal year end adjustments). 
  

 24 

	(c)	The Guarantor must notify the Facility Agent of any material change to the basis on which the audited or unaudited financial statements delivered by it pursuant to paragraph (a) or
(b) above are prepared from those applied in the preparation of the relevant Base Financial Statements (including, without limitation, any change in US GAAP but excluding any change resulting only from the exercise by the Guarantor or the General
Partner, as the case may be, of a right to choose an alternative treatment under US GAAP). 

  

	(d)	If the Guarantor notifies the Facility Agent of a change in accordance with paragraph (c) above, then the Guarantor and the Facility Agent shall enter into negotiations in good
faith for a period of not more than thirty (30) days with a view to agreeing: 

  

	 	(i)	whether or not the change might result in any material alteration in the commercial effect of any of the terms of this Guarantee Agreement; and 

  

	 	(ii)	if so, any amendments to this Guarantee Agreement (including appropriate changes to the financial covenants set out in Clause 12.2 (Adjusted Tangible Net Worth) and
Clause 12.3 (EBITDA)) and applicable definitions which may be necessary to ensure that the change does not result in any material alteration in the commercial effect of those terms, and if any amendments are agreed they shall take effect and
be binding on each of the parties hereto in accordance with their terms. 

  

	11.4	Information: Miscellaneous 

  
 The Guarantor shall supply (or shall cause the Borrower to supply, in which case the obligations of the Guarantor under this Clause 11.4 shall be deemed
to have been satisfied) to the Facility Agent (in sufficient copies for all the Lenders, if the Facility Agent so requests) and, in the case of paragraph (e) below, to the Federal/State Guarantors, each case in relation to the Guarantor: 

 

	 	(a)	promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against the Guarantor and
which might, if adversely determined, reasonably be expected to involve potential or alleged liability in excess of fifty million (50,000,000) Euro (or its equivalent in other currencies on the date of their determination); 

 

	 	(b)	promptly upon becoming aware of them, the details of any insurance claims, claims made under the Project Documents or material changes to the Project which might reasonably be
expected to involve potential or alleged liability of the Borrower in excess of five million (5,000,000) Euro (or its equivalent in other currencies on the date of their being determined or made); 

  

	 	(c)	promptly upon becoming aware of them, any conflicts or breaches of any law or regulation applicable to it which would or might reasonably be expected to have a Material Adverse
Effect; 

  

	 	(d)	promptly upon becoming aware of them, the details of any collective labour dispute which is current, threatened or pending against the Guarantor which would or might reasonably be
expected to have a Material Adverse Effect; 

  

	 	(e)	promptly upon becoming aware of them, (i) the details of any change in the Credit Rating or in the rating of the Facility (if any) or in the published outlook of either and

  

 25 

 (ii) any relevant information (if possible, together with any relevant documents in connection
therewith) with a likely or expected outcome leading to a downgrade of the Guarantor’s Credit Rating; 
  

	 	(f)	promptly upon filing them, notice of any SEC filings; 

  

	 	(g)	promptly, details of any changes to the Borrower’s, the Guarantor’s and/or the General Partner’s accounting periods and all changes of the Borrower’s or any
Relevant Subsidiary’s articles of association or equivalent constitutional documents; 

  

	 	(h)	promptly, such further information regarding the financial condition, business and operations of the Borrower, the Guarantor and/or the General Partner as any Finance Party (through
the Facility Agent) may reasonably request; 

  

	 	(i)	promptly, the details of any amendments, variations, novations, supplements or terminations of any Transaction Document to which a Finance Party is not a party; and

  

	 	(j)	as soon as the same become available, but in any event within sixty (60) days (or, if in respect of the last fiscal quarter of a financial year, within ninety (90) days) after the
end of each fiscal quarter in each of its financial years, a report on the number of microprocessors sold by the Guarantor, 

  
 and shall ensure that senior management is available once a year for the purpose of a meeting with the Lenders and the Facility Agent in relation thereto.

  

	11.5	Notification of Default 

  

	(a)	The Guarantor shall notify the Facility Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon a senior executive officer of the Guarantor becoming
aware of its occurrence. 

  

	(b)	Promptly upon a request by the Facility Agent, the Guarantor shall supply to the Facility Agent a certificate signed by two senior officers on its behalf certifying that to the best
of its knowledge and belief no Default is continuing (or if a Default is continuing, specifying the Default and the steps, if any, being taken to remedy it). 

  

	12.	FINANCIAL COVENANTS 

  
 The covenants in this Clause 12 will remain in force from the date of this Guarantee Agreement until all of the Guarantor’s Liabilities have been
paid, discharged or performed in full and as long as any Commitment is in force. 
  

	12.1	Financial Definitions 

  
 In this Clause 12: 
  
 “Adjusted Net Earnings from Operations” means, with respect to any fiscal period of the Guarantor, the Guarantor’s net income after
provision for income taxes for such fiscal period, as determined on a consolidated basis in accordance with US GAAP and reported on the financial statements of the Guarantor (as such financial statements are required to be delivered to the Facility
Agent hereunder), but excluding any unaudited year end financial statements, for such period, excluding any and all of the following included in such net income: 
  

	 	(a)	gain arising from the sale of any capital assets; 

  

 26 

	 	(b)	gain arising from any write-up in the book value of any asset; 

  

	 	(c)	earnings of any person substantially all the assets of which have been acquired by the Guarantor or any Subsidiary of the Guarantor in any manner, to the extent realised by such
person prior to the date of acquisition; 

  

	 	(d)	earnings of any person in which the Guarantor or any Subsidiary of the Guarantor has an ownership interest unless (and only to the extent) such earnings have actually been received
by the Guarantor or any such Subsidiary in the form of cash distributions; 

  

	 	(e)	earnings of any person to which assets of the Guarantor or any Subsidiary of the Guarantor have been sold, transferred or disposed of, or into which the Guarantor or any Subsidiary
of the Guarantor have been merged, or which has been a party with the Guarantor or a Subsidiary of the Guarantor to any consolidation or any other form of reorganisation, prior to the date of such transaction; 

  

	 	(f)	gain arising from the acquisition of debt or equity securities of the Guarantor or any Subsidiary of the Guarantor or from cancellation or forgiveness of any debt of the Guarantor
or any Subsidiary of the Guarantor (excluding any debt which is limited in recourse to property of the Guarantor or a Subsidiary of the Guarantor to the extent the amount of such debt exceeds the book value of such property as would be shown on a
consolidated balance sheet of the Guarantor prepared in accordance with US GAAP); 

  

	 	(g)	gain arising from extraordinary items, as determined in accordance with US GAAP, or from any other non-recurring transaction; 

  

	 	(h)	interest income; and 

  

	 	(i)	non-cash restructuring charges. 

  
 “Adjusted Tangible Assets” means all of the Guarantor’s assets, determined on a consolidated basis in accordance with US GAAP,
except: 
  

	 	(a)	deferred assets, other than prepaid insurance and prepaid taxes; 

  

	 	(b)	patents, copyrights, trademarks, trade names, franchises, goodwill and other similar intangibles; 

  

	 	(c)	unamortised debt discount and expense; 

  

	 	(d)	assets of the Guarantor or any Subsidiary of the Guarantor constituting Intercompany Accounts; and 

  

	 	(e)	fixed assets to the extent of any write-up in the book value thereof resulting from a revaluation effective after the Signing Date. 

  

 27 

 “Adjusted Tangible Net Worth” means, at any relevant time, (a) the book value (after
deducting related depreciation, obsolescence, amortisation, valuation and other proper reserves as determined in accordance with US GAAP) at which the Adjusted Tangible Assets would be shown on a balance sheet of the Guarantor at such time prepared
on a consolidated basis in accordance with US GAAP less (b) the amount at which the Guarantor’s liabilities would be shown on such consolidated balance sheet, including as liabilities all reserves for contingencies and other potential
liabilities which would be required to be shown on such balance sheet; provided that any and all contributions under the Participations shall not be treated as indebtedness at any time. 
  
 “EBITDA” means, on a consolidated basis for any period, Adjusted Net Earnings from Operations for such
period plus, to the extent deducted in computing such Adjusted Net Earnings from Operations, the sum of: 
  

	 	(a)	income tax expense; 

  

	 	(b)	interest expense; and 

  

	 	(c)	depreciation and amortisation expense. 

  
 “Intercompany Accounts” means all assets and liabilities, howsoever arising, which are due to the Borrower from, which are due from the
Borrower to, or which otherwise arise from any transaction by the Borrower with, the Guarantor or any Subsidiary of the Guarantor. 
  

	12.2	Adjusted Tangible Net Worth 

  
 From and after the first date, if any, on which Group Consolidated Cash is less than: 
  

							
	 Amount

	 	 if Moody’s
Rating is at
 least

	  	 	  	if Standard & Poor’s
Rating is at least

	USD500,000,000	 	B1 or lower	  	and	  	B+ or lower
	USD425,000,000	 	Ba3	  	and	  	BB-
	USD400,000,000	 	Ba2	  	and	  	BB
	USD350,000,000	 	Ba1	  	and	  	BB+
	USD300,000,000	 	Baa3 or better	  	and	  	BBB-or better

  

 28 

 the Guarantor will maintain Adjusted Tangible Net Worth, determined as of the last day of each preceding
fiscal quarter, of not less than the amounts set out below: 
  

			
	 Measurement Date on
 fiscal quarter
ending

	 	Amount

	 March 2004
	 	USD1,425,000,000
	 June 2004
	 	USD1,425,000,000
	 September 2004
	 	USD1,425,000,000
	 December 2004
	 	USD1,425,000,000
	 March 2005
	 	USD1,850,000,000
	 June 2005
	 	USD1,850,000,000
	 September 2005
	 	USD1,850,000,000
	 December 2005
	 	USD1,850,000,000
	 March 2006 and on the last day of each fiscal quarter thereafter
	 	USD2,000,000,000

  

	12.3	EBITDA 

  
 From and after the first date, if any, on which Group Consolidated Cash is less than: 
  

							
	 Amount

	 	if Moody’s
Rating is at least

	  	 	  	if Standard & Poor’s
Rating is at least

	 USD500,000,000
	 	B1 or lower	  	and	  	B+ or lower
	 USD425,000,000
	 	Ba3	  	and	  	BB-
	 USD400,000,000
	 	Ba2	  	and	  	BB
	 USD350,000,000
	 	Ba1	  	and	  	BB+
	 USD300,000,000
	 	Baa3 or better	  	and	  	BBB-or better

  

 29 

 the Guarantor will maintain EBITDA as of the last day of each preceding fiscal period set forth below an
amount not less than the amount set forth below opposite the date of such preceding fiscal period: 
  

			
	 Period

	  	Amount

	 for the four fiscal quarters ending March 2004
	  	USD550,000,000
	 for the four fiscal quarters ending June 2004
	  	USD750,000,000
	 for the four fiscal quarters ending September 2004
	  	USD850,000,000
	 for the four fiscal quarters ending December 2004
	  	USD950,000,000
	 for the four fiscal quarters ending March 2005 and for the four fiscal quarters ending on each fiscal quarter thereafter
	  	USD1,050,000,000

  

	12.4	Financial Testing 

  
 The financial covenants set out in this Clause 12 shall be tested by reference to each of the financial statements and each Compliance Certificate
delivered pursuant to Clause 11.1 (Financial Statements) and Clause 11.2 (Compliance Certificate). 
  

	13.	GENERAL UNDERTAKINGS 

  
 The undertakings in this Clause 13 remain in force from the date of this Guarantee Agreement until all of the Guarantor’s Liabilities have been paid,
discharged or performed in full and as long as any Commitment is in force. 
  

	13.1	Authorisations 

  

	(a)	The Guarantor shall promptly: 

  

	 	(i)	obtain, comply with and do all that is necessary to maintain in full force and effect; and 

  

	 	(ii)	supply certified copies to the Facility Agent of, 

  
 any Authorisation required under any law or regulation of its jurisdiction of incorporation to enable it to perform its obligations under the Transaction
Documents to which it is a party and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of any Transaction Document to which it is a party. 
  

	(b)	The Guarantor shall: 

  

	 	(i)	ensure that it has the right and is duly qualified to conduct its business as it is conducted from time to time in all applicable jurisdictions in which the failure to be so
qualified could reasonably be expected to result in a Material Adverse Effect on the Guarantor; 

  

	 	(ii)	obtain, comply with and do all that is necessary to maintain in full force and effect 

  

 30 

 any Authorisation which is necessary for the conduct of its business or the business of the Group as a
whole where failure to do so could reasonably be expected to result in a Material Adverse Effect on the Guarantor; and 
  

	 	(iii)	upon the Facility Agent’s written request supply the Facility Agent with copies of any such Authorisations. 

  

	13.2	Compliance with Laws 

  
 The Guarantor shall comply in all material respects with any law or regulation applicable to it where failure to comply could reasonably be expected to
result in a Material Adverse Effect on the Guarantor. 
  

	13.3	Change of Business 

  
 The Guarantor shall not make, or take any steps to make, any substantial change to the general nature of its business from that of engaging in the Group
Permitted Business. 
  

	13.4	Record Keeping 

  
 The Guarantor shall: 
  

	 	(a)	keep proper records and books of account in respect of its business in accordance with US GAAP; and 

  

	 	(b)	permit reasonable access to the Facility Agent and/or any professional advisers (who are each bound by professional or other confidentiality obligations) appointed by the Facility
Agent to examine its records and books of account. 

  

	13.5	Constitutional Documents 

  

	 	(a)	The Guarantor shall not request, permit or make any change to the constitutional documents of the Borrower or request, permit or make any change to any Participation Agreement in
relation to the partnership interests in the Borrower, without the prior written consent of the Facility Agent, where such change relates to: 

  

	 	(i)	the substitution, the role, the compensation or other rights to receive payments of the General Partner, the Second General Partner or a silent partner; 

  

	 	(ii)	the voting rights of partners; 

  

	 	(iii)	majority requirements; 

  

	 	(iv)	the legal form of the Borrower; or 

  

	 	(v)	restrictions on pledges or transfers of partnership interests or Participations. 

  

	 	(b)	In respect of any other change or proposed change to the constitutional documents of the Borrower and any agreements entered into by the General Partner and/or any Limited Partner
that is a member of the Group in relation to the Borrower, the Guarantor will provide the Facility Agent with information in relation thereto and also provide the Facility Agent with copies of any such changes to the constitutional documents of the
Borrower and/or such agreements. 

  

 31 

	13.6	Insurance 

  

	(a)	The Guarantor shall: 

  

	 	(i)	maintain or ensure that the Borrower maintains insurance in relation to the Site, on the Borrower’s business and the Borrower’s assets and all such insurance as may be
required by contract with reputable underwriters or insurance companies against such risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by the Borrower in Germany; and 

 

	 	(ii)	maintain insurance in relation to its business and its assets and all such insurance as may be required by contract with reputable underwriters or insurance companies against such
risks and to such extent as is usual for prudent companies carrying on a business such as that carried on by the Guarantor in the United States. 

  

	(b)	Without limiting paragraph (a)(i) above, the Guarantor shall effect and maintain insurance or ensure that insurance is effected and maintained by the Borrower in relation to the
Project, on the Borrower’s business and the Borrower’s assets as deemed sufficient by the Insurance Adviser and as described in the Insurance Report. 

  

	(c)	The Guarantor shall: 

  

	 	(i)	ensure that all premiums are paid and that all other things are done as are necessary (to the extent as is usual for prudent companies carrying on a business such as that carried on
by the Borrower in Germany) to maintain the insurances that the Borrower has taken out in relation to the Borrower’s business, its assets and the Site and will procure that all insurance policies or certificates of insurance that the Borrower
maintains in relation to the Site and its assets shall contain loss payee provisions acceptable to the Facility Agent and the Security Agent noting the Security Agent’s interest thereon and naming the Security Agent as loss payee; and

  

	 	(ii)	pay all premiums and do all other things as are necessary (to the extent as is usual for prudent companies carrying on a business such as that carried on by the Guarantor in the
United States) to maintain the insurances that it has taken out in relation to its business, its assets and, on behalf of the Borrower, the Site and the Borrower’s assets and will procure that all insurance policies or certificates of insurance
that it maintains in relation to the Site and the Borrower’s assets shall contain loss payee provisions acceptable to the Facility Agent and the Security Agent noting the Security Agent’s interest thereon and naming the Security Agent as
loss payee. 

  

	(d)	The Guarantor shall supply the Facility Agent on request with copies of each receipt or other evidence satisfactory to the Facility Agent for all premiums and other amounts payable
by the Guarantor under the insurances effected and maintained by it pursuant to paragraph (a) and (b) above and shall, in any event, use all reasonable endeavours to procure that the insurer in respect of such insurances relating to the Project
undertakes to the Facility Agent to notify it should any renewal fee or other sum payable by the Guarantor not be paid when due. 

  

	(e)	Upon request, the Guarantor shall supply the Facility Agent with a copy of all insurance policies or certificates of insurance in its possession relating to the Project evidencing
compliance with paragraph (a) and (b) above or (in the absence of the same) such other evidence of the existence of any Project related insurance referred to in paragraph (a) above as may be reasonably acceptable to the Facility Agent and shall, in
any event, notify the Facility Agent of any material changes to any such Project related insurance made from time to time. 

  

 32 

	13.7	Intellectual Property 

  
 The Guarantor shall: 
  

	 	(a)	make such registrations and pay such fees and other amounts as are necessary to keep those registered Intellectual Property Rights owned by or registered in the name of the
Guarantor which are material to the Guarantor’s or the Borrower’s business in force, and to record its interest and/or that of the Borrower in those Intellectual Property Rights; 

  

	 	(b)	observe and comply with all material obligations and laws to which it in its capacity as registered proprietor, beneficial owner, user, licensor or licensee of the Intellectual
Property Rights (or any part thereof) is subject where failure to do so might reasonably be expected to have a Material Adverse Effect; 

  

	 	(c)	do all acts as are reasonably practicable (including, without limitation, the institution of legal proceedings) to maintain, protect and safeguard the Intellectual Property
necessary for its business and that of the Borrower as a whole; and 

  

	 	(d)	enter into and maintain such licence agreements, and obtain such authorisations, as are necessary for it or the Borrower to use all such Intellectual Property Rights which are
material to its business or that of the Borrower where failure to do so, after having taken all reasonable action to enter into and maintain such licence agreements and obtain such authorisations, would or might reasonably be expected to have a
Material Adverse Effect. 

  

	13.8	Environmental Compliance 

  
 The Guarantor shall obtain and maintain all requisite Environmental Licences required in relation to its business and comply in all material respects
with: 
  

	 	(a)	all applicable Environmental Laws relating to the Group Permitted Business; 

  

	 	(b)	the terms and conditions of all Environmental Licences required in relation to the Group Permitted Business and applicable to it; and 

  

	 	(c)	all other covenants, conditions, restrictions and agreements entered into by or binding on the Guarantor directly or indirectly concerned with any Environmental Contamination
required in relation to the Group Permitted Business, 

  
 in each case where failure to do so would or might reasonably be expected to have a Material Adverse Effect. 
  

	13.9	Environmental Claims 

  
 The Guarantor shall inform the Facility Agent in writing as soon as reasonably practicable upon its becoming aware of: 
  

	 	(a)	any Environmental Claim which has been commenced or threatened against any Material Subsidiary or Relevant Subsidiary; or 

  

 33 

	 	(b)	any facts or circumstances which will or are reasonably likely to result in any Environmental Claim being commenced or threatened against any Material Subsidiary or Relevant
Subsidiary, 

  
 where the claim might, if
determined against that Material Subsidiary or Relevant Subsidiary, reasonably be expected to have a Material Adverse Effect. 
  

	13.10	Taxation 

  

	(a)	The Guarantor shall duly and punctually pay and discharge all Taxes imposed upon it or its assets and due in Germany and, in respect of material Taxes imposed by non-German Tax
authorities, in each case, within the time period allowed without incurring penalties, save to the extent that: 

  

	 	(i)	payment is being contested in good faith; 

  

	 	(ii)	adequate reserves are being maintained for those Taxes; and 

  

	 	(iii)	payment can be lawfully withheld. 

  

	(b)	The Guarantor shall not be materially overdue in the filing of any Tax returns in Germany or the United States. 

  

	(c)	The Guarantor shall ensure that it continues to be a company resident for Tax purposes in the United States. 

  

	13.11	Security 

  

	(a)	Save as otherwise permitted by the terms of the Finance Documents, the Guarantor shall ensure that any Security expressed to be created by it by or pursuant to, or, as the case may
be, expressed to have been created by it and to be evidenced in, any Security Document to which it is a party remains in full force and effect with the ranking and priority it is expressed to have. 

  

	(b)	Save as otherwise permitted by the terms of the Finance Documents, the Guarantor shall not do or omit to do anything or knowingly permit or cause anything to be done or omitted to
be done which would or could adversely affect any Security expressed to be created by any Obligor by or pursuant to, or any Security expressed to have been created by any Obligor and to be evidenced in, any Security Document to which it is a party.

  

	(c)	The Guarantor shall take all such action as the Facility Agent or the Security Agent may reasonably request for the purpose of perfecting any such Security.

  

	(d)	The Guarantor shall, if the Security Agent lawfully and in accordance with the terms of the Finance Documents exercises any power (whether of sale or other disposal or otherwise) or
right with respect to the Charged Assets, permit the exercise of such power or right. 

  

	(e)	The Guarantor has granted or will grant and has caused or will cause to be granted the Security as set out in the Federal/State Guarantor Decision to the Security Agent or the
Finance Parties, as the case may be. 

  

 34 

	13.12	Pari Passu Ranking 

  
 The Guarantor shall ensure that its payment obligations under the Finance Documents will rank at least pari passu with the claims of all its
unsecured and unsubordinated creditors except for obligations mandatorily preferred by law applying to creditors or certain types of creditors generally. 
  

	13.13	Transaction Documents 

  
 The Guarantor shall comply in all material respects with and perform all of its obligations under the Transaction Documents to which it is a party.

  

	13.14	Hedging Strategy 

  
 The Guarantor shall implement the Hedging Strategy as may be required pursuant to Schedule 1 (Hedging Strategy). 
  

	13.15	Amendments to Transaction Documents 

  
 The Guarantor shall not amend, vary, novate, supplement or terminate any Transaction Document to which it is a party and to which a Finance Party is not a
party delivered to the Facility Agent pursuant to Clause 4 (Conditions of Utilisation) of the Facility Agreement, or waive any right thereunder, except for: 
  

	 	(a)	any of the foregoing which is expressly consented to in writing by the Facility Agent acting on the instructions of the Majority Lenders or, pursuant to Clause 33.2
(Exceptions) of the Facility Agreement, all Lender consent; or 

  

	 	(b)	any amendment, variation or waiver which is of a minor or technical nature or would not adversely affect the rights of the Finance Parties under the Finance Documents.

  

	13.16	Project Documents 

  
 Except as otherwise specifically provided in the Project Documents or required by or permitted under any Finance Document, the Guarantor shall not, and
the Guarantor shall ensure that each of its Relevant Subsidiaries shall not, assign any of its rights or transfer any of its rights or obligations under the Project Documents. 
  

	13.17	Auditors 

  
 The Guarantor shall at all times have its accounts and those of the Relevant Subsidiaries audited by the Auditors. 
  

	13.18	Partnership and Shareholder Interests 

  

	 	(a)	The Guarantor shall ensure that each of AMD Fab 36 Holding GmbH and the General Partner at all times shall remain a wholly-owned Subsidiary of the Guarantor and shall cause AMD Fab
36 Admin GmbH at all times to be a wholly-owned Subsidiary of AMD Fab 36 Holding GmbH. 

	 	

	 	(b)	The Guarantor shall cause each of AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH to retain its partner or equity interests (Gesellschaftsanteile) in the partnership of the
Borrower or in the Participations at all times at the level of the aggregate minimum holding of 

	 	

  

 35 

 at least fifty-one (51) per cent. of the capital in the Borrower and to hold no partner or equity
interests (Gesellschaftsanteile) in any other person (except that AMD Fab 36 Admin GmbH is a wholly-owned subsidiary of AMD Fab 36 Holding GmbH). 
  

	 	(c)	The Guarantor shall not hold at any time any partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations or other interests
or participations in the Borrower directly, and shall hold any such partner or equity interests (Gesellschaftsanteile) in the partnership of the Borrower or in the Participations indirectly only through: 

  

	 	(i)	the interest of the General Partner as general partner (or, subsequent to a substitution, through AMD Fab 36 Admin GmbH as general partner); and 

  

	 	(ii)	the interests of AMD Fab 36 Holding GmbH and AMD Fab 36 Admin GmbH as the Limited Partners, and 

  
 all such interests and participations will be pledged to the Lenders under the Partnership Interest Pledges. 
  

	13.19	The Federal/State Guarantee 

  
 The Guarantor will comply and will procure that each Relevant Subsidiary will comply with all the terms of the Federal/State Guarantee Decision which
directly apply to it. 
  

	13.20	Cash Shortfalls 

  
 The Guarantor shall at all times make payments to the Borrower, or otherwise provide funds to the Borrower, in each case without delay in the amount of
any Cash Shortfalls, by way of equity contributions, Subordinated Loans or, as the case may be, prepayment for products and/or services (not in excess, however, of the Guarantor’s obligations under this Guarantee Agreement, the Subordinated
Loan Agreements, the Revolving Credit Agreement and the Partnership Agreement, and not giving rise to any right of any person (with the exception of the Borrower (to the extent that it is still a member of the Group)) to enforce the relevant funding
arrangements). 
  

	13.21	Material Adverse Effect 

  
 The Guarantor shall not enter into any agreement or obligation: 
  

	 	(a)	which could have a Material Adverse Effect; or 

  

	 	(b)	the performance of which in accordance with its terms would result in a breach of any provision of any Finance Document by any Obligor. 

  

	13.22	Security from the Borrower 

  
 The Guarantor will not take from the Borrower or any Other Surety any Security in respect of the Guarantor’s liability hereunder or in respect of any
other obligation or liability which the Borrower has or may at any time have to the Guarantor as a result of performance by the Guarantor of its obligations under this Guarantee Agreement. If any such Security is taken from the Borrower or any Other
Surety, and any monies or other property or assets is received or recovered by the Guarantor in pursuance of, or in breach of, any of the provisions of Clause 9 (Claims by Guarantor), it shall be held on trust (treuhänderisch
halten) for the Security Agent 
  

 36 

 to secure the Guarantor’s liability hereunder, and upon request by the Security Agent the Guarantor
will forthwith deposit such Security with the Security Agent or as it may direct or pay or transfer such monies or other property or assets to the Security Agent for application in or towards the discharge of the Guarantor’s Liabilities.

  

	13.23	Borrower’s Undertakings 

  
 The Guarantor will ensure that the Borrower complies with all its obligations under Clause 16 (Costs and Expenses), Clause 20 (General
Undertakings) (in particular, those under Clause 20.35 (Subsidies)) and Clause 35 (The Federal State Guarantee) of the Facility Agreement. 
  

	14.	SET-OFF 

  
 The Security Agent may (in addition to any other right to which it may be entitled), if an Event of Default has occurred and is continuing or the Loans
have been accelerated, without notice to the Guarantor or any other person, set-off and apply any credit balance (or any part thereof in such amounts as it may elect) on any account (whether such account is subject to notice or not and whether
matured or not and in whatever currency) of the Guarantor with it and any other monies owing by it to the Guarantor against any liabilities (whether present or future, actual or contingent) of the Guarantor to it, and it may purchase with the monies
standing to the credit of any such account such other currencies as may be necessary for this purpose. 
  

	15.	MISCELLANEOUS 

  
 Neither Agent is obliged to furnish to the Guarantor any information in respect of the Facility Agreement and/or the Guarantor’s Liabilities.

  

	16.	NOTICES 

  

	16.1	Communications in Writing 

  
 Any communication to be made under or in connection with this Guarantee Agreement shall be made in writing and, unless otherwise stated, may be made by
fax, letter or telex. 
  

	16.2	Addresses 

  
 The address, fax number and telex number (and the department or officer, if any, for whose attention the communication is to be made) of the Guarantor,
the Security Agent and the Facility Agent for any communication or document to be made or delivered under or in connection with this Guarantee Agreement is: 
  

	 	(a)	in the case of the Guarantor: 

  

			
	Address:	  	One AMD Place M-S 68
	 	  	Sunnyvale, California 94088
	Fax number:	  	+1 408 774 7399
	Attention:	  	General Counsel;

  

 37 

	 	(b)	in the case of the Security Agent: 

  

			
	Address:	 	Koppenstrasse 93
	 	 	10877 Berlin
	Fax Number:	 	+49 30 3153 2317
	Attention:	 	Hans-Jürgen Dittmann;

  

	 	(c)	in the case of the Facility Agent: 

  

			
	 Address:
	 	Dresdner Bank Luxembourg S.A.
	 	 	26, rue du Marché-aux-Herbes
	 	 	L-2097 Luxembourg
		
	Fax Number:	 	+352 4760 3222
	Attention:	 	Agencies
	 	 	Albertine Prellwitz, Katja Paul
		
	Copies:	 	 
		
	Fax Number:	 	+352 4760 565
	Attention:	 	Loan Administration
	 	 	Andrea Stockemer, Eva Marmitt,

  
 or any substitute
address, fax number, telex number or department or officer as the Guarantor may notify to an Agent (or an Agent may notify to the Guarantor, if a change is made by such Agent) by not less than five (5) Business Days’ notice. 
  

	16.3	Delivery 

  

	(a)	Any communication or document made or delivered by one person to another under or in connection with this Guarantee Agreement will only be effective: 

  

	 	(i)	if by way of fax, when received in legible form; or 

  

	 	(ii)	if by way of letter, when it has been left at the relevant address or five (5) Business Days after being sent by international courier addressed to it at that address; or

  

	 	(iii)	if by way of telex, when despatched, but only if, at the time of transmission, the correct answerback appears at the start and at the end of the sender’s copy of the notice,

  
 and, if a particular department or officer is
specified as part of its address details provided under Clause 16.2 (Addresses), if addressed to that department or officer. 
  

	(b)	Any communication or document to be made or delivered to an Agent will be effective only when actually received by it and then only if it is expressly marked for the attention of
the department or officer identified as part of its address details provided under Clause 16.2 (Addresses) (or any substitute department or officer as it may specify for this purpose). 

  

	16.4	Language 

  

	(a)	Any notice and any other document given under or in connection with this Guarantee Agreement must be in English, unless otherwise required by applicable laws or regulations or the
Federal/State Guarantor. 

  

 38 

	(b)	Whichever language is chosen or required for a particular notice or any particular document given under or in connection with this Guarantee Agreement shall prevail over that of any
accompanying translation. 

  

	17.	FURTHER ASSURANCE 

  
 The Guarantor confirms that it has taken, and will continue to take, all necessary steps to ensure that any amount claimed by an Agent from it hereunder
can be transferred to it immediately, free of any deduction, cost or charges whatsoever. 
  

	18.	PARTIAL INVALIDITY 

  
 If, at any time, any provision of this Guarantee Agreement is or becomes illegal, invalid or unenforceable in any respect under any law of any
jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of such provision under the law of any other jurisdiction will in any way be affected or impaired. 
  

	19.	AMENDMENTS 

  
 No amendment or modification of or to any provision of this Guarantee Agreement, including, without limitation, this Clause 19, shall be effective unless
the same shall be in writing and signed by or on behalf of each party hereto. 
  

	20.	COUNTERPARTS 

  
 This Guarantee Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a
single copy of this Guarantee Agreement. 
  

	21.	ASSIGNMENT 

  

	21.1	Successor and Assigns 

  
 This Guarantee Agreement shall be binding upon and inure to the benefit of the parties to this Guarantee Agreement and their respective successors and
permitted assigns. 
  

	21.2	The Guarantor 

  
 The Guarantor shall not assign or otherwise transfer the benefit of this Guarantee Agreement or any of its rights, duties or obligations under this
Guarantee Agreement without the prior written consent of the Security Agent. 
  

	21.3	The Agents 

  
 Each Agent may assign or transfer all or any part of the benefits of this Guarantee Agreement and any of its rights, duties and obligations under this
Guarantee Agreement without the consent of the Guarantor and for such purposes each Agent may disclose, in accordance with the terms of the Facility Agreement, to a potential assignee or transferee such information about the Guarantor, this
Guarantee Agreement and the transactions contemplated by this Guarantee Agreement as it considers appropriate. 
  

 39 

	21.4	Change in Status 

  
 This Guarantee Agreement shall remain binding on the Guarantor notwithstanding any change in the constitution of an Agent, the Guarantor or the Borrower
or its absorption in, amalgamation with or merger into, or the acquisition of all or part of its undertaking by any other person, to the intent that the security created by this Guarantee Agreement shall remain valid and effective in all respects in
favour of any assignee or successor in title of an Agent in the same manner as if such assignee or successor in title had been named as a party to this Guarantee Agreement instead of, or in addition to, such Agent and (as the case may be) on or in
respect of the obligations and liabilities of any successor entity to the Guarantor or the Borrower in the same manner as if such successor entity had been named in this Guarantee Agreement instead of, or in addition to, the Guarantor or the
Borrower respectively. 
  

	22.	CONFIDENTIALITY 

  

	(a)	Except as otherwise set out in Clause 21.3 (The Agents), this Guarantee Agreement and the contents and existence of the same are strictly confidential and, without the prior
written consent of the other parties hereto, shall not be disclosed to, or relied upon by, any person except as required by law or to comply with the applicable rules or requests of any regulatory body or to its employees or legal or financial
advisers who have a need to know this information and who are made aware of and agree to be bound by the obligations under this paragraph. 

  

	(b)	Notwithstanding the foregoing or anything to the contrary in this Guarantee Agreement or any other written or oral understanding or agreement to which the parties hereto are parties
or by which they are bound, each party to this Guarantee Agreement shall be permitted to disclose the tax treatment and tax structure of the transactions set forth herein and in the other Finance Documents. This permission to disclose includes the
ability of each party to consult, without limitation of any kind, any tax advisor regarding the tax treatment or tax structure of the transactions set forth herein and in the other Finance Documents. The parties acknowledge that this written
authorisation does not constitute a waiver by any party of any privilege held by such party pursuant to the attorney-client privilege or the confidentiality privilege of Section 7525 (a) of the US Internal Revenue Code of 1986, as amended, or
pursuant to any similar laws and regulations in any relevant other jurisdiction. 

  

	23.	GOVERNING LAW 

  
 This Guarantee Agreement is governed by German law. 
  

	24.	ENFORCEMENT 

  

	24.1	Jurisdiction of German courts 

  
 The District Court of Frankfurt am Main has exclusive jurisdiction to settle any dispute arising out of or in connection with this Guarantee Agreement
(including a dispute regarding the existence, validity or termination of this Guarantee Agreement). 
  

	24.2	Process Agent 

  
 The Guarantor irrevocably appoints the Borrower of Wilschdorfer Landstrasse 101, 01109 Dresden, Germany as its agent to receive and acknowledge on its
behalf service of any writ, summons, order, judgment or other notice of legal process in Germany. If for any reason the agent named above (or its successor) no longer serves as agent of the Guarantor for this purpose, the Guarantor shall promptly
appoint a successor agent approved by the Agents and 
  

 40 

 notify both Agents thereof. Until an Agent receives such notification, it shall be entitled to treat the
agent named above (or its said successor) as the agent of the Guarantor for the purposes of this Clause. The Guarantor agrees that any such legal process shall be sufficiently served on it if delivered to such agent for service at its address for
the time being in Germany whether or not such agent gives notice thereof to the Guarantor. 
  
 This Guarantee Agreement has been entered into on the date stated at the beginning of this Guarantee Agreement. 
  

 41 

 SCHEDULE 1 
  

Hedging Strategy 
  
 The minimum percentage of the Group’s interest bearing debt under rate fixing arrangements shall be determined by reference to the lowest of all
Credit Ratings as set out in the table below: 
  

						
	 Moody’s Rating

	  	 Standard and Poor’s
 Rating

	  	Percentage

	 
	 B2 or lower
	  	B or lower	  	60	%
	 B1
	  	B+	  	50	%
	 Ba3
	  	BB-	  	40	%
	 Ba2
	  	BB	  	30	%
	 Ba1
	  	BB+	  	20	%
	 Baa3 or better
	  	BBB- or better	  	0	%

  

 42 

 SCHEDULE 2 
  

Form of Compliance Certificate 
  

			
	To: 	 	Dresdner Bank Luxembourg S.A. as Facility Agent
		
	 From:
	 	Advanced Micro Devices, Inc.
		
	Dated:	 	 

  
 Dear Sirs 
  
 Guarantee agreement dated 21 April 2004 (the “Guarantee Agreement”)

  

	1.	We refer to the Guarantee Agreement. This is a Compliance Certificate.* 

  

	2.	Save where the context requires otherwise, terms defined in the Guarantee Agreement have the same meanings when used in this certificate. 

  

	3.	In particular, we refer to Clause 11.1 (Financial Statements) and Clause 12 (Financial Covenants) of the Guarantee Agreement. We also refer to the quarterly financial
statements for the fiscal quarter ended [insert date] delivered to you on [insert date] in accordance with paragraph (b) of Clause 11.1 (Financial Covenants). 

  

	4.	We confirm that on the basis of the financial information contained in the above quarterly financial statements, as at [[the end of the fiscal quarter]/[the end of the
fiscal year]] set out below, the following financial ratios or amounts calculated in accordance with and as required by Clause 12 (Financial Covenants) were as follows: 

  

			
	 Covenant

	  	Amount in USD

	 Adjusted Tangible Net Worth as at [state fiscal year]
	  	[        ]
	 (Clause 12.2 (Adjusted Tangible Net Worth)).
	  	 
		
	 Covenant

	  	Amount in USD

	 EBITDA as at [state fiscal quarter]
	  	[        ]
	 (Clause 12.3 (EBITDA)).
	  	 
	
	Accordingly, we confirm that the financial covenants set out in Clause 12 (Financial Covenants) [have/have not] been complied with during the period in
question.

  

	*	To be issued only if compliance is required pursuant to paragraph (a) of Clause 11.2 (Compliance Certificate). 

  

 43 

			
	Signed:	 	  

		
	 	 	[[Chief Financial Officer]/[Director of Treasury]/[Treasurer]]
	 	 	 of

	 	 	Advanced Micro Devices, Inc.

  
 [insert applicable certification
language] 
  

 for and on behalf of 
 Ernst & Young 
  

 44 

 SCHEDULE 3 
  

Form of Monthly Consolidated Cash Reports 
  

			
	To: 	 	Dresdner Bank Luxembourg S.A. as Facility Agent
		
	 From:
	 	Advanced Micro Devices, Inc.
		
	Dated:	 	 

  
 Dear Sirs 
  
 Guarantee agreement dated 21 April 2004 (the “Guarantee Agreement”)

  

	1.	We refer to the Guarantee Agreement. This is a Compliance Certificate. 

  

	2.	Save where the context requires otherwise, terms defined in the Guarantee Agreement have the same meanings when used in this certificate. 

  

	3.	In particular, we refer to paragraph (c) of Clause 11.1 (Financial Covenants) of the Guarantee Agreement and to the reports for the Month ended [insert date] delivered
to you on [insert date] pursuant thereto. 

  

	4.	We confirm the accuracy of the figures and financial information reported below: 

  

					
	 Credit Rating

	  	Moody’s

	 	Standard & Poor’s

	 	  	[        ]	 	[        ]
			
	 Group Consolidated Cash

	  	 	 	Amount in USD

	 	  	 	 	[        ]

  

			
	Signed:	 	  

		
	 	 	[name of duly authorised officer]
	 	 	 of

	 	 	Advanced Micro Devices, Inc.

  
 Attachment: 
  
 Monthly report containing unaudited Group cash balances.* 

	*	NB. As previously provided by the Guarantor. 

  

 45 

 SIGNATORIES 
  
 The Guarantor 
  

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

	
	Name, title: Robert D. Rivet, CFO

  
 The Borrower 
  

			
	AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG
		
	by:	 	 /s/ Hans R. Deppe

	
	Name, title: Dr. Hans R. Deppe

  
 The Security Agent 

 

			
	DRESDNER BANK AG in BERLIN
		
	by:	 	 /s/ Leimbach

	
	Name, title:

  
 The Facility Agent 

 

			
	DRESDNER BANK LUXEMBOURG S.A.
		
	by:	 	/s/ Bill H. Fish
	 	 	 /s/ A. Scheer

	
	Name, title: William H. Fish;
	 	 	             Andreas Scheer, Director

  

 46License Agreement dated April 21, 2004

 Exhibit 10.64 
  
 EXECUTION COPY 
  
  
 LICENSE AGREEMENT 
  
 Dated April 21, 2004 
  
 between 
  
 ADVANCED MICRO DEVICES, INC., 
  

AMD FAB 36 HOLDING GMBH, 
  
 and 
  
 AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG 

 LICENSE AGREEMENT 
  
 This LICENSE AGREEMENT (this “Agreement”) dated as of April 21, 2004 is between: 
  
 (1) Advanced Micro Devices, Inc., a corporation organized and
existing under the laws of the State of Delaware, United States of America, with its principal place of business at One AMD Place, Sunnyvale, California 94088, United States of America (“AMD Inc.”); 
  
 (2) AMD Fab 36 Holding GmbH, a Gesellschaft mit beschränkter
Haftung organized and existing under the laws of Germany and registered in the Commercial Register of the Dresden County Court, HRB 21270 (“AMD Fab 36 Holding”); and 
  
 (3) AMD Fab 36 Limited Liability Company & Co. KG, a Kommanditgesellschaft organized and existing under
the laws of Germany and registered in the Commercial Register of the Dresden County Court, HRA 5255 (“AMD Fab 36 KG”). 
  
 RECITALS 
  
 WHEREAS, AMD Fab 36 KG is a majority-owned “Subsidiary” (such and other capitalized terms having the meanings assigned thereto in Section
1 below) of AMD Fab 36 Holding, which in turn is a wholly-owned Subsidiary of AMD Inc.; 
  
 WHEREAS, AMD Inc., AMD Fab 36 Holding and AMD Fab 36 KG are currently involved in the initial planning stages of a project pursuant to which AMD Fab 36 KG will construct, own and operate a manufacturing plant
to manufacture Wafers using high-volume semiconductor wafer fabrication processes, to be located in Dresden, Germany (referred to as the “Plant”); and 
  

WHEREAS, AMD Inc. and AMD Fab 36 Holding are entering into an AMD Fab 36 Holding Cost Plus Reimbursement Agreement (as amended, supplemented or
otherwise modified from time to time, the “AMD Fab 36 Holding Cost Plus Reimbursement Agreement”), pursuant to which, among other things, AMD Inc. will agree to purchase from AMD Fab 36 Holding, and AMD Fab 36 Holding will agree to supply
on an exclusive basis to AMD Inc., all Products as are ordered from time to time by AMD Inc. from AMD Fab 36 Holding, in each case on the terms and conditions of the AMD Fab 36 Holding Cost Plus Reimbursement Agreement; and 
  
 WHEREAS, concurrently herewith, AMD Fab 36 Holding and AMD Fab 36 KG
are entering into an AMD Fab 36 Cost Plus Reimbursement Agreement (as amended, supplemented or otherwise modified from time to time, the “AMD Fab 36 Cost Plus Reimbursement Agreement”; together with the AMD Fab 36 Holding Cost Plus
Reimbursement Agreement, the “Cost Plus Reimbursement Agreements”), pursuant to which, among other things, AMD Fab 36 Holding will agree to purchase from AMD Fab 36 KG, and AMD Fab 36 KG will agree to manufacture and sell to AMD Fab 36
Holding, on an exclusive basis, such Products, all on the terms and conditions of the AMD Fab 36 Cost Plus Reimbursement Agreement; and 

 WHEREAS, AMD Inc. and AMD Fab 36 KG will jointly own the Developed Intellectual Property I subject
to the conditions contained herein; and 
  
 WHEREAS,
concurrently herewith, AMD Fab 36 KG is entering into that certain Loan Agreement (the “Loan Agreement”) among Dresdner Bank Luxembourg SA, as Agent (the “Agent”), Dresdner Bank AG, as Security Agent (the “Security
Agent”) and certain other financial institutions named in the Loan Agreement, pursuant to which such institutions will make loans from time to time to AMD Fab 36 KG on the terms and conditions set forth therein; and 
  
 WHEREAS, the limited partnership interest held by AMD Inc. and the AMD
Companies in AMD Fab 36 KG and all or substantially all of AMD Fab 36 KG’s property and assets are being pledged as security for the full and timely performance by AMD Fab 36 KG of all of its obligations under the Loan Agreement, and the
parties wish to clarify certain questions relating to the ownership of various intellectual property used in the operation of the Plant and/or developed by AMD Fab 36 KG and to identify certain permitted uses of the Plant and such intellectual
property following termination of the Service Agreements. 
  
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
  
 Section 1. Definitions. The following terms shall, unless the
context requires otherwise, have the respective meanings assigned to them as follows: 
  
 (a) “Affiliate” means, with respect to any Person, a Person which, directly or indirectly, controls, is controlled by, or is under common control with, such other Person; and, for purposes of this
definition, the concept of “control,” with respect to any Person, signifies the possession of the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, the
possession of voting rights, by contract, or otherwise; provided that FASL shall be deemed to be an Affiliate of AMD Inc. for purposes of this Agreement. 
  
 (b) “Agent” means Dresdner Bank Luxembourg SA, as Agent under the Loan Agreement, including any successor to Dresdner Bank Luxembourg SA,
in that capacity. 
  
 (c) “AMD Companies” means
the Subsidiaries of AMD Inc. other than AMD Fab 36 KG. 
  
 (d)
“AMD Fab 36 KG Persons” means the directors, officers, employees, self-employed consultants or sub-contractors, and agents of AMD Fab 36 KG. 
  
 (e) “Banks” means, collectively, the Agent, the Security Agent, and the other financial institutions named in the Loan Agreement.

  
 (f) “Beneficiary” shall mean each of the
Banks, any receiver appointed to operate the Plant and any third party purchaser of all of the partnership interests held by the AMD Companies in, or substantially all of the assets of, AMD Fab 36 KG. 
  

 -2- 

 (g) “Confidential Information” means confidential technical information relating to the
Proprietary Product Know-how or to the design, manufacture, use and sale of Products and Improvements as well as other non-public business information relating to AMD Inc. and the AMD Companies, including, but not limited to, non-public business
plans, marketing plans, sales data and customer lists; provided that such information is of a nature that would be treated by a reasonable recipient under arms-length circumstances as confidential, regardless of whether provided in writing or
orally. 
  
 (h) “Design Activity” means the
activities of AMD Fab 36 KG to provide the Services, including without limitation to research, design and develop custom circuits, schematics and layouts and such other activities as shall from time to time be requested of it by the AMD Inc. or AMD
Fab 36 Holding. 
  
 (i) “Developed Intellectual
Property” means all intellectual property, including, but not limited to, Developed Intellectual Property I, ideas, conceptions and inventions (whether or not patentable, reduced to practice or made the subject of a pending patent
application), copyrights (whether or not registered), copyrighted or copyrightable works, mask works or registrations thereof, software, semi-conductor topography rights, know-how, trade secrets, manufacturing and production processes and
techniques, research and development information and other confidential technical information, which intellectual property was made, conceived or actually or constructively reduced to practice prior to the occurrence of a Trigger Event, to the
extent such intellectual property was developed wholly or partially by AMD Fab 36 KG or an AMD Fab 36 KG Person for AMD Fab 36 KG. 
  
 (j) “Developed Intellectual Property I” means Developed Intellectual Property including show-how, methods, techniques, procedures,
formulations, formulae, assembly, installation, technical information, technical specifications, equipment requirements, writings, plans, drawings, equipment, descriptions, systems, toolings, software, data, copyrightable material, trade secrets,
inventions (whether patentable or not), improvements, developments and discoveries relating to the fabrication and manufacture of products and that are not specific to Products or Improvements, the cutting and sorting of the individual circuits or
die on such products and the packaging of such die, which knowledge and information, or any part thereof: (i) derives independent economic value from not being known to, and not being readily ascertainable by proper means of, other Persons who can
obtain economic value from its disclosure; and (ii) is the subject of efforts that would be reasonable under arms-length circumstances to maintain its secrecy. Under no circumstances will Developed Intellectual Property I include knowledge or
information that is specific to Products or to AMD Inc. customers or operations. 
  
 (k) “Employee Invention Law” means the German act on employee inventions dated as of July 25, 1957, as amended from time to time, or any other act or statute replacing the act on employee inventions.

  

 -3- 

 (l) “FASL” means FASL LLC, a limited liability company organized under the laws of
Delaware, the members of which are Subsidiaries of AMD Inc. and Fujitsu Limited. 
  
 (m) “Improvements” means any and all developments, enhancements, improvements, upgrades, modifications, updates (including error corrections), translations and derivative works developed prior to the
termination of this Agreement which are specific to Products. 
  
 (n) “Information Residuals” means all information which (i) is remembered by an AMD Fab 36 KG Person after having been exposed thereto in connection with his or her duties at AMD Fab 36 KG either before or during the term
of the AMD Fab 36 Cost Plus Reimbursement Agreement, and (ii) pertains to the general operation, calibration, configuration and functionality of the equipment, facilities and fixtures in the Plant or pertains to the processes, methods, techniques
and materials used in connection with the manufacture of semiconductor products; provided, however, that Information Residuals shall not include any specific design aspects of the Products (or any part thereof), nor shall it include any
Proprietary Product Know-how. 
  
 (o) “Loan
Agreement” has the meaning set forth in the Recitals hereof, as may be amended, supplemented or otherwise modified from time to time. 
  
 (p) “Loan Agreement Termination Date” means the first day on which (i) no obligations of AMD Fab 36 KG are then owing under the Loan
Agreement and all principal of and accrued interest on any loans under the Loan Agreement have been paid or repaid (as the case may be) in full, and (ii) the Banks have no further commitments of any kind to extend credit to AMD Fab 36 KG under the
Loan Agreement. 
  
 (q) “Management Services
Agreement” means that certain Master Services Agreement dated as of October 31, 2003, among AMD Inc., AMD Fab 36 Holding, AMD Saxony Limited Liability Company & Co. KG and AMD Fab 36 KG, as such agreement may be further amended,
supplemented or otherwise modified from time to time. 
  
 (r)
“Non-Proprietary Know-how” means all knowledge and information relating to the design, manufacture, use and sale of semiconductor products which does not constitute Proprietary Product Know-how or Confidential Information.

  
 (s) “Person” means an individual,
partnership, joint venture, trustee, trust, corporation, unincorporated association or other entity, or a government, state or agency or political subdivision thereof. 
  
 (t) “Plant” means the “Plant” as that term is defined in the AMD Fab 36 Cost Plus Reimbursement
Agreement. 
  
 (u) “Post License Agreement AMD Fab 36 KG
Developed Improvements” means any and all improvements to the Developed Intellectual Property, which are made, conceived or actually or constructively reduced to practice by AMD Fab 36 KG after the occurrence of a Trigger Event. 

 

 -4- 

 (v) “Post License Agreement AMD Fab 36 KG Developed Intellectual Property” means any and
all intellectual property independently made, conceived or actually reduced to practice by AMD Fab 36 KG after the occurrence of a Trigger Event. 
  
 (w) “Products” means Wafers containing individual circuits meeting Specifications which have been supplied to AMD Fab 36 KG by or on
behalf of AMD Fab 36 Holding in accordance with the AMD Fab 36 Cost Plus Reimbursement Agreement and were, at any given time, intended to be manufactured in Fab 36 and preparations were initiated for such manufacture. 
  
 (x) “Proprietary Process Know-how” means all knowledge and
information of or provided by AMD Inc. or of any of the AMD Companies, including show-how, methods, techniques, procedures, formulations, formulae, assembly, installation, technical information, technical specifications, equipment requirements,
writings, plans, drawings, equipment, descriptions, systems, toolings, software, data, copyrightable material, trade secrets, inventions (whether patentable or not), improvements, developments and discoveries relating to the fabrication and
manufacture of products and that are not specific to Products or Improvements, the cutting and sorting of the individual circuits or die on such products and the packaging of such die, which knowledge and information, or any part thereof: (i)
derives independent economic value from not being known to, and not being readily ascertainable by proper means of, other Persons who can obtain economic value from its disclosure; and (ii) is the subject of efforts that would be reasonable under
arms-length circumstances to maintain its secrecy. Under no circumstances will Proprietary Process Know-how include knowledge or information that is specific to Products or to AMD Inc. customers or operations. 
  
 (y) “Proprietary Product Know-how” means all knowledge and
information of or provided by AMD Inc. or of any of the AMD Companies, including show-how, methods, techniques, procedures, formulations, formulae, assembly, installation, operating and quality control procedures and manuals, quality control
standards, technical information, technical and product specifications, equipment requirements, writings, plans, drawings, designs, layouts, data, equipment, descriptions, masks, mask works, systems, toolings, software, data, copyrightable material,
trade secrets, customer lists, inventions (whether patentable or not), improvements, developments and discoveries relating to the design, fabrication, manufacture, use and sale of Products, including the implementation of circuit design on such
Products, such testing procedures as are proprietary to AMD Inc., the cutting and sorting of the individual circuits or die on such Products and the packaging and testing of such die, which knowledge and information, or any part thereof: (i) derives
independent economic value from not being known to, and not being readily ascertainable by proper means of, other Persons who can obtain economic value from its disclosure; and (ii) is the subject of efforts that would be reasonable under
arms-length circumstances to maintain its secrecy. In the event of an overlap between Sections 1(x) and 1(y), this Section 1(y) shall not be interpreted to be a limitation of Section 1(x). 
  
 (z) “Proprietary Technical Documentation” means all
documentation (including that recorded in electronic media) relating to or embodying the Proprietary Product Know-how, including, but not limited to, process recipe books, flow charts, data bases, lab books, programs, software, formulae, diagrams,
specifications, drawings, sketches, schematics, 
  

 -5- 

 plans, models, blueprints and design materials. Proprietary Technical Documentation shall not include any documentation
that pertains to the general operation of the equipment in the Plant or operation of the Plant itself, such as maintenance histories, service logs and manuals and operating manuals or to Developed Intellectual Property I or Proprietary Process
Know-how that becomes licensed under Section 3(c) hereof. 
  
 (aa)
“Service Agreements” means the Cost Plus Reimbursement Agreements and the Management Services Agreement. 
  
 (bb) “Services” means research, design and development services to be performed by AMD Fab 36 KG. 
  
 (cc) “Specifications” means, with respect to a Product, the
tooling, masks, mask-works, specifications, blueprints, drawings, assembly instructions and other instructions required for the manufacture of that Product. 
  
 (dd) “Subsidiary” means, with respect to any Person, any other Person of which more than 50% of the total voting power of shares of stock
or other ownership interest entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a
combination thereof. 
  
 (ee) “Trigger Event”
means the termination of the AMD Fab 36 Cost Plus Reimbursement Agreement because of the occurrence of any of the following events: 
  
 (i) acceleration of the liabilities of AMD Fab 36 after expiration of an applicable additional period as a result of occurrence of an
event as specified in the Section of the Loan Agreement relating to the termination of the loan entitling the Banks to terminate the Loan Agreement and/or if the Facility Agent, the Security Agent or any of the Banks seeks relief under any of the
Security Documents (as defined in the Loan Agreement); 
  
 (ii) the involuntary (including without limitation as a result of enforcement of any rights of security granted in shares of AMD Fab 36 Holding and/or AMD Fab 36 KG or performance of any undertakings to transfer such
shares made to secure obligations of AMD Fab 36 Holding and/or AMD Fab 36 KG), transfer of a controlling interest in AMD Fab 36 Holding and/or AMD Fab 36 KG from AMD Inc. and its Subsidiaries to one or more third parties is threatened and bankruptcy
proceedings are not opened over the assets of AMD Fab 36 Holding and/or AMD Inc. within one (1) month from transfer of such controlling interest; 
  
 (iii) any event which (a) results in the termination of AMD Inc.’s rights to disclosure to AMD Fab 36 KG as contemplated by Section
1.01 and Article III of the AMD Fab 36 Cost Plus Reimbursement Agreement, or (b) otherwise terminates or makes impracticable the manufacture of Wafers as contemplated in the AMD Fab 36 Cost Plus Reimbursement Agreement and bankruptcy proceedings are
not opened over the assets of AMD Fab 36 Holding and/or AMD Inc. within one (1) month from occurrence of the event; 
  

 -6- 

 (iv) failure of AMD Fab 36 Holding or AMD Inc. to make any payment required from it
under the AMD Fab 36 Cost Plus Reimbursement Agreement within forty-five (45) days of the date due therefor or default by AMD Fab 36 Holding or AMD Inc. in the performance of or compliance with any other term contained in the AMD Fab 36 Cost Plus
Reimbursement Agreement or any such other agreement and such default shall not have been remedied within thirty (30) days after receipt of notice of such default from AMD Fab 36 KG, or if the Loan Agreement Termination Date has not yet taken place,
the Facility Agent and bankruptcy proceedings are not opened over the assets of AMD Fab 36 Holding and/or AMD Inc. within one (1) month from fulfillment of the aforesaid conditions. 
  
 (v) execution is issued (Einleitung der Zwangsvollstreckung) against all or a substantial part of
the assets of AMD Fab 36 Holding unless such execution is withdrawn within three weeks of the issuance thereof; realization of such execution; or the realization of execution on the equity shares in AMD Fab 36 KG owned by AMD Fab 36 Holding and
bankruptcy proceedings are not opened over the assets of AMD Fab 36 Holding and/or AMD Inc. within one (1) month from fulfillment of the aforesaid conditions; 
  

(vi) the discontinuance of payments generally (Zahlungseinstellung) by AMD Fab 36 Holding and bankruptcy proceedings are not
opened over the assets of AMD Fab 36 Holding and/or AMD Inc. within one (1) month from discontinuance of payments; or 
  
 (vii) a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over AMD Inc. or AMD Fab 36
Holding, or over all or a substantial part of either of AMD Inc.’s or AMD Fab 36 Holding’s property has been appointed and terminated the AMD Fab 36 Cost Plus Reimbursement Agreement. 
  
 (ff) “Wafer” means a 300-mm silicon wafer onto which many
individual integrated circuits have been etched or otherwise imprinted. 
  
 Section 2. AMD Inc. Ownership of Intellectual Property. 
  
 (a) Each of AMD Fab 36 Holding and AMD Fab 36 KG acknowledges and agrees that it shall promptly disclose to AMD Inc. any and all intellectual property made, conceived or actually or constructively reduced to practice
by it and its Affiliates prior to the termination of the Service Agreements. AMD Inc. and AMD Fab 36 Holding acknowledge and agree that they shall promptly disclose to AMD Fab 36 KG any and all Proprietary Process Know-how that may be licensed under
Section 3(c) hereof and Developed Intellectual Property I made, conceived or actually or constructively reduced to practice by it and its Affiliates prior to the termination of the Service Agreements. Each of AMD Fab 36 Holding and AMD Fab 36 KG
acknowledges and agrees that AMD Inc. shall have unrestricted (including, without limitation, the right to transfer or otherwise dispose of such intellectual property, whether before or after the filing of any petition by or against AMD Inc. or
entry of a decree or order for relief in respect of AMD Inc. in any voluntary or involuntary case under any applicable bankruptcy, insolvency or similar law now or hereafter in effect) ownership rights, title and interest in and to such 

 

 -7- 

 intellectual property, subject to either the joint ownership interest of AMD Fab 36 KG or the grant of license contained
in Section 3 hereof. Each of AMD Fab 36 Holding and AMD Fab 36 KG acknowledges and agrees that it is engaged under its respective Service Agreements in work for hire and hereby assigns to AMD Inc., subject to Section 3 hereof, any and all such
intellectual property referred to in the preceding sentence; provided, that to the extent any such intellectual property comprises copyrights which, for purposes of German law, cannot be so assigned, each of AMD Fab 36 Holding and AMD Fab 36
KG hereby grants and assigns to AMD Inc., to the fullest extent permitted by applicable law and on a fully-paid and royalty-free basis, the exclusive right to exploit such copyright worldwide for the entire duration of such copyright, including
without limitation the right to assign or license such right to any other Person on an exclusive or non-exclusive basis, as the case may be. The parties agree to assist each other, at AMD Inc.’s expense, in every proper way to enable each other
to obtain, perfect, defend and enforce its rights in and to all such intellectual property in any and all countries, including by the disclosure of all pertinent information and dates with respect thereto and the execution of all applications,
specifications, declarations, oaths, assignments, licenses and all other instruments which are necessary, in order to apply for and obtain copyright protection, mask or mask-work registration and/or letters patent and/or in order to assign and
convey all necessary rights, title and interest in and to such intellectual property by copyrights, mask works, patent applications, patents or other forms of industrial or intellectual property protection. 
  
 (b) The parties’ obligation to execute (or cause to be executed)
instruments or papers such as those described in Section 2(a) shall continue after the termination of this Agreement and any Service Agreement with respect to any and all copyrights, masks, mask works, inventions and/or other industrial or
intellectual property rights owned by, assigned to or required to be assigned under the provisions of this Agreement. The parties agree that, if testimony or information relative to any of said matters or related to any interference or litigation is
required by AMD Inc. either during the term of this Agreement or any Service Agreement or following such termination, it shall give all information and testimony and do all things reasonably requested of it that it may lawfully do; provided
that, if such matters shall be required of it, it will receive reasonable compensation from AMD Inc. for its costs and time so consumed. 
  
 (c) The parties agree that, prior to the termination of its respective Service Agreements, any employee inventions of its respective employees, as defined
in the Employee Invention Law shall be claimed by it within the time limits set by law and that they shall use all reasonable efforts to obtain, to the fullest extent permitted by law, exclusive rights, subject to Section 3 hereof, for such employee
inventions. The parties further agree that for free inventions, as defined in the Employee Invention Law, of its employees, they shall, where necessary or upon request of AMD Inc., acquire a non-exclusive right to use such free invention. The
calculation and payment of the amount of any consideration for employee inventions qualifying under the Employee Invention Law shall be the responsibility of AMD Fab 36 Holding or AMD Fab 36 KG as applicable. 
  
 (d) Inventions that fall within the scope of Developed Intellectual Property
I and to which employees or agents of AMD Fab 36 KG contributed shall be jointly owned by AMD Inc. and AMD Fab 36 KG and will be held in a tenancy in common in which each owner will have an equal and undivided interest. Notwithstanding, such
ownership rights are subject to the terms and conditions of this Agreement. AMD Inc. shall be allowed to license, transfer, 
  

 -8- 

 dispose of or divest its joint ownership interest, without limitation, provided that such does not challenge the
ownership interest of AMD Fab 36 KG (i.e., pledging or selling the AMD Fab 36 KG ownership interest). AMD Fab 36 KG shall be allowed to license, transfer, dispose of or divest its joint ownership interest solely to a purchaser or purchasers of at
least twenty percent (20%) of assets of or ownership interests in AMD Fab 36 KG and such purchaser or purchasers shall be bound by the limitations of Section 3(a) hereof. Further, any such purchaser or purchasers shall be able to sublicense such
rights to a company under contract for the operation of the Plant on behalf of such purchaser or purchasers. To the extent a such transfer, disposal, divestiture or grant of a license would not be viable under applicable laws, each of AMD Inc. and
AMD Fab 36 KG undertakes to take all reasonable actions and or give all reasonable consents that are necessary to make any such transfer, disposal, divestiture or grant of a license effective. 
  
 (e) In accordance with the terms of this Agreement and the Service
Agreements, the parties hereto acknowledge and agree that all right, title and interest in and to the Developed Intellectual Property other than Developed Intellectual Property I, the Proprietary Process Know-how and the Proprietary Product Know-how
shall at all times be vested in AMD Inc. and that no rights or licenses, express or implied, are granted by this Agreement other than as expressly granted in Section 3 hereof. 
  
 (f) Each of AMD Fab 36 Holding and AMD Fab 36 KG agrees that, except as expressly agreed to by AMD Inc. in writing or as
otherwise expressly set forth in this Agreement, from the date of termination of its respective Service Agreements, it shall discontinue all use of Confidential Information including all Proprietary Product Know-how and Proprietary Technical
Documentation, unless expressly set forth herein or otherwise agreed upon in writing with AMD Inc., and that it will, and will cause its Affiliates to, make available to AMD Inc. all such documents containing Confidential Information for removal in
accordance with the terms of Section 9 hereof. This Section 2(f) shall not be interpreted to permit AMD Inc. to request that AMD Fab 36 KG discontinue the use Proprietary Process Know-how and Developed Intellectual Property I jointly owned or
licensed under Section 3(c) and documentation therefore. 
  
 (g)
AMD Inc. hereby acknowledges and agrees that except as may be otherwise expressly set forth in this Agreement, it and the AMD Companies shall have no right, title or interest in or to any Post License Agreement AMD Fab 36 KG Developed Intellectual
Property or Post License Agreement AMD Fab 36 KG Developed Improvements and that AMD Fab 36 KG shall be entitled to apply for and exploit, at its own expense, any patent or other intellectual property protection for any such Post License Agreement
AMD Fab 36 KG Developed Intellectual Property. 
  
 (h) In
addition, AMD Inc. hereby waives, and agrees to cause each other AMD Company to waive, any and all rights, claims and/or causes of action such entity now has or in the future may have against AMD Fab 36 KG, its successors and assigns, or against a
Beneficiary, based on: (i) its use, in any manner whatsoever, of any Non-Proprietary Know-how or of Information Residuals; (ii) its use, within the scope of the joint ownership or license granted in Section 3(a) hereof, of the Developed Intellectual
Property; (iii) its use, within the scope of the joint ownership or license granted in Section 3(b) hereof, of the Developed 
  

 -9- 

 Intellectual Property, Improvements, Non-Proprietary Know-how, Proprietary Product Know-how, Proprietary Technical
Documentation and documentation relating to Proprietary Process Know-how and Developed Intellectual Property I, (iv) its use, within the scope of and at the times specified in, the license granted in Section 3(c) hereof, of the Proprietary Process
Know-how or (v) its use, in any manner whatsoever, of Post License Agreement AMD Fab 36 KG Developed Improvements or Post License Agreement AMD Fab 36 KG Developed Intellectual Property other than in Products or Improvements unless the rights to
such Products and Improvements are rightfully licensed to or owned by a third party providing them to AMD Fab 36 KG or rightfully licensed to or owned by AMD Fab 36 KG outside of this Agreement. The preceding sentence notwithstanding, AMD Inc. does
not waive any rights, claims or causes of action based on the infringement and/or misappropriation of any patents, copyrights, mask works, trademarks and trade secrets, whether registered or not, which are owned by AMD Inc. or by an Affiliate of AMD
Inc. other than AMD Fab 36 KG and not licensed to AMD Fab 36 KG hereunder; provided, however, that the use of Information Residuals shall not be deemed to constitute an infringement and/or misappropriation of any intellectual property rights
of AMD Inc. or any AMD Company. 
  
 (i) Anything in this Agreement
to the contrary notwithstanding, nothing contained herein shall prohibit or restrain in any way AMD Fab 36 KG from using any know-how which has become publicly known other than through the action or breach by AMD Fab 36 KG, an AMD Fab 36 KG Person
or a Beneficiary of this Agreement. 
  
 (j) AMD Inc. will apply
for and shall pay any fees for the registration, maintenance and renewal of any of the Developed Intellectual Property. Notwithstanding the foregoing, AMD Inc. shall not be obliged to apply for or maintain any registration relating to the Developed
Intellectual Property which, in its sole discretion, does not justify the expense of maintenance. Before allowing any registration relating to the Developed Intellectual Property to lapse, however, AMD Inc. shall give AMD Fab 36 KG at least thirty
(30) days’ prior notice of its intention to allow such registration to lapse and shall offer to AMD Fab 36 KG an opportunity to maintain such Developed Intellectual Property; provided that all expense of any such maintenance shall be
borne solely by AMD Fab 36 KG. In addition, to the extent AMD Inc. in its sole discretion determines not to pursue any material registrable but as yet unregistered copyright or patent forming a part of the Developed Intellectual Property and if such
copyright or patent is capable of being pursued, AMD Inc. shall notify AMD Fab 36 KG promptly after AMD Inc.’s decision not to pursue such copyright or patent and upon the occurrence of a Trigger Event, to give AMD Fab 36 KG sufficient notice
to enable it to pursue such application, and AMD Fab 36 KG may, at its option, take any necessary actions at its sole expense to pursue such copyright design or patent jointly in AMD Inc.’s and AMD Fab 36 KG’s name. Upon the occurrence of
a Trigger Event, AMD Inc. undertakes to refrain from making publicly available or selling any invention if such action would prejudice AMD Fab 36 KG’s ability to seek protection. 
  
 Section 3. Joint Ownership and Grant of Licenses. 
  
 (a) AMD Inc. and AMD Fab 36 KG shall jointly own all Developed Intellectual
Property I. Notwithstanding, and only upon the occurrence of a Trigger Event, AMD Fab 36 KG may only (i) use the Developed Intellectual Property I to design, develop, 
  

 -10- 

 manufacture and/or assemble at the Plant products other than the Products or Improvements unless the rights to such
Products or Improvements are rightfully licensed to or owned by a third party providing them to AMD Fab 36 KG or are rightfully licensed to or owned by AMD Fab 36 KG outside of this Agreement; (ii) use the Developed Intellectual Property I in the
marketing, distribution and sale, throughout the world, of products manufactured at the Plant incorporating, or assembled at the Plant using, such Developed Intellectual Property I; and (iii) (x) create and produce at the Plant derivative works of
the Developed Intellectual Property I and make enhancements thereto, (y) use such derivative works and enhancements for the design, development, manufacture and/or assembly of products at the Plant and (z) market, distribute and sell, throughout the
World, products manufactured or assembled at the Plant incorporating some or all of such derivative works. 
  
 (b) AMD Inc. hereby grants to AMD Fab 36 KG and AMD Fab 36 KG hereby accepts, upon the terms and conditions set forth herein, a worldwide, fully-paid,
royalty-free, non-exclusive license to: (i) use Developed Intellectual Property, Improvements, Non-Proprietary Know-how, Proprietary Product Know-how, Proprietary Technical Documentation and documentation relating to Proprietary Process Know-how and
Developed Intellectual Property I to design, develop, manufacture and/or assemble solely at the Plant, Products or Improvements solely to be provided to AMD Fab 36 Holding in accordance with the AMD Fab 36 Cost Plus Reimbursement Agreement.

  
 (c) AMD Inc. hereby grants to AMD Fab 36 KG and AMD Fab 36 KG
hereby accepts, upon the terms and conditions set forth herein, a worldwide, fully-paid, royalty-free, non-exclusive license under its Proprietary Process Know-how (i) prior to the occurrence of a Trigger Event, to use and enhance the Proprietary
Process Know-how and to design, develop, manufacture and/or assemble solely at the Plant, Products or Improvements solely to be provided to AMD Fab 36 Holding in accordance with the AMD Fab 36 Cost Plus Reimbursement Agreement, and (ii) to use and
enhance the Proprietary Process Know-how and documentation relating to Proprietary Process Know-how and Developed Intellectual Property I and to design, develop, manufacture and/or assemble solely at the Plant, products other than Products or
Improvements unless such Products or Improvements are rightfully licensed to or owned by a third party providing them to AMD Fab 36 KG or are rightfully licensed to or owned by AMD Fab 36 KG outside the scope of this Agreement. AMD Fab 36 KG
covenants not to exercise the rights set forth in this Section 3(c)(ii) prior to the occurrence of a Trigger Event. The license rights set forth in this Section 3(c)(ii) shall be irrevocable and survive termination of this Agreement only upon the
occurrence of a Trigger Event. Notwithstanding, the previous sentence is subject to Section 8(b)(i) herein. Notwithstanding the foregoing, such license rights shall not extend to any Proprietary Process Know-how that AMD Inc. is restricted or
prevented from licensing. For avoidance of doubt, AMD Inc. and AMD Fab 36 KG confirm that if a voluntary or involuntary case under the United Stated Bankruptcy Code is commenced by or against AMD Inc. and AMD Inc. or a trustee in bankruptcy for AMD
Inc. rejects this License Agreement, then for purposes of AMD Fab 36 KG’s exercise of its rights, if any, under Section 365(n) of the United States Bankruptcy Code, AMD Fab 36 KG’s rights under this License Agreement to the Proprietary
Process Know-how and under any agreement supplementary hereto immediately before commencement of such case shall be the rights set forth in the license granted by clause (ii) of this Section 3(c). 
  

 -11- 

 (d) AMD Fab 36 KG shall observe reasonable requirements of AMD Inc. and all requirements of applicable
laws with respect to the marking of any product covered by a claim of a patent or copyright which is part of the Developed Intellectual Property and which is incorporated in any product manufactured, sold or otherwise transferred by AMD Fab 36 KG.
In the event that such marking of such a product is not feasible, AMD Fab 36 KG shall observe the reasonable requirements of AMD Inc. and all requirements of applicable laws with respect to the marking of any packaging and advertising, sales or
technical literature pertaining thereto, including without limitation with words and numbers identifying the patents applicable thereto. 
  
 (e) It is hereby acknowledged and agreed that AMD Fab 36 KG shall have no right to use any trademark or service mark of AMD Inc. without the prior written
consent of AMD Inc. or as expressly contemplated in the AMD Fab 36 Cost Plus Reimbursement Agreement (and, if such consent is given by AMD Inc., AMD Fab 36 KG shall only use such trademarks or service marks on any AMD Fab 36 KG products that are
sold to AMD Inc. and/or under AMD Inc.’s supervision). 
  
 Section 4. Royalties. The licenses and rights granted to AMD Fab 36 KG hereunder shall be royalty free, and AMD Fab 36 KG shall have no obligations to pay royalties, license fees or other fees to AMD Inc. or its Subsidiaries
or Affiliates in connection with (i) AMD Fab 36 KG’s use of the licenses and rights granted to it pursuant to this Agreement or (ii) the grant of the licenses and rights hereunder. 
  
 Section 5. Permitted Uses. Anything herein to the contrary notwithstanding, the parties hereby acknowledge and
agree that, following the termination of the AMD Fab 36 Cost Plus Reimbursement Agreement, the operation of the Plant by AMD Fab 36 KG, its successors and assigns, or by a Beneficiary shall not, absent a separate infringement or other unlawful
violation, under this Agreement or otherwise, of a proprietary, substantial and identifiable right of AMD Inc. or of any AMD Company, constitute: (i) a breach of the terms of this Agreement or of any of the Service Agreements, or (ii) an
infringement upon any intellectual property right of AMD Inc. or another AMD Company. 
  
 Section 6. Infringement Procedures. 
  
 (a) In the event a party has actual knowledge of (i) any products or processes that may infringe or misappropriate or in any way adversely affect the right in and to any of the Developed Intellectual Property,
Proprietary Product Know-how or Proprietary Process Know-how, or (ii) any actual or potential challenge to or claim against the use of any of the Developed Intellectual Property, Proprietary Product Know-how or Proprietary Process Know-how, it will
promptly give notice thereof (including reasonable details) to the other parties. In the event that AMD Inc. elects to undertake any demand, suit or other action on account of any actual or suspected infringement, or any defense of any such
challenge or claim, AMD Fab 36 KG shall cooperate fully, as AMD Inc. may reasonably request and at AMD Inc.’s expense, in connection with any such demand, suit, action or defense; provided that nothing herein shall obligate AMD Inc. or AMD Fab
36 KG to make any such demand, suit, action or defense unless such is essential to AMD Fab 36 KG’s ability to operate Fab 36. 
  

 -12- 

 (b) AMD Inc. may at any time instruct AMD Fab 36 KG that AMD Fab 36 KG’s use of any of the Developed
Intellectual Property must be modified or discontinued, whereupon AMD Fab 36 KG shall immediately modify or discontinue (as the case may be) such Developed Intellectual Property in accordance with such notification at AMD Fab 36 KG’s sole
expense; provided that (i) AMD Inc. consults with AMD Fab 36 KG prior to making such instruction, and (ii) AMD Inc. reasonably believes that AMD Fab 36 KG’s continued use of such Developed Intellectual Property may cause AMD Inc. and/or
another AMD Company to incur liability or expense or may otherwise have an adverse effect on the market or competitive position (other than with respect to AMD Fab 36 KG) of AMD Inc. or one or more other AMD Company; provided, further, that
AMD Inc. shall modify or discontinue its use of the Developed Intellectual Property to the same extent that AMD Inc. requires AMD Fab 36 KG to modify or discontinue AMD Fab 36 KG’s use of such Developed Intellectual Property under this Section
6(b). 
  
 Section 7. Confidentiality. 
  
 (a) AMD Fab 36 KG shall hold all Confidential Information in strict
confidence and shall not disclose and shall cause the AMD Fab 36 KG Persons not to disclose any such Confidential Information to any Person without the prior written consent of AMD Inc., except to the extent: (i) specifically required by applicable
law, by this Agreement, by the Service Agreements or by the Loan Agreement (ii) such Confidential Information is or becomes generally available to the public other than as a result of a disclosure by AMD Fab 36 KG, one of the AMD Fab 36 KG Persons
or a Beneficiary, (iii) such Confidential Information becomes available to AMD Fab 36 KG on a non-confidential basis from a third party (not including any Subsidiary or Affiliate of AMD Inc.), provided such third party is not bound by
confidentiality agreements or by legal, fiduciary or ethical constraints on disclosure of such information; or (iv) the recipient is a Beneficiary or a legal or other professional advisor to AMD Fab 36 KG and, in any such case, is either bound by
legal, fiduciary or ethical constraints on disclosure of such information, or agrees (for the benefit of AMD Inc.) to hold such Confidential Information in confidence on the terms of this Section 7. The parties hereto agree that, the foregoing
notwithstanding, to the extent AMD Fab 36 Holding requests that AMD Fab 36 KG perform Design Activities and/or Services in conjunction with a third party, AMD Fab 36 KG may disclose Confidential Information to such third party to the extent
reasonably necessary or desirable for purposes of such Design Activities and Services; provided that such third party enters into a confidentiality undertaking in form and substance reasonably satisfactory to AMD Inc. 
  
 (b) Subject to compliance with the terms of Sections 21 and 22 hereof, AMD
Fab 36 KG agrees and acknowledges that money damages would not be sufficient remedy for any breach of this Section 7 by AMD Fab 36 KG and that AMD Inc. shall be entitled to injunctive relief, specific performance and/or any other appropriate
equitable remedy. 
  
 Section 8. Term and
Termination. 
  
 (a) This Agreement shall commence on the
date hereof and remain in full force and effect until the later of (i) the date five (5) years from the Loan Agreement Termination Date or (ii) the date upon which the State of Saxony no longer directly or indirectly holds an equity interest in AMD
Fab 36 KG, unless sooner terminated as hereinafter provided. 
  

 -13- 

 (b) This Agreement: (i) and the rights and licenses herein may be terminated by AMD Inc. if, (x)
subsequent to the occurrence of a Trigger Event and AMD Fab 36 KG ceases to be a Subsidiary of AMD Inc., AMD Fab 36 KG is in material breach of any of its express obligations hereunder in respect of the restrictions on its use of, or in respect of
its affirmative obligations with regard to, the Developed Intellectual Property, the Proprietary Product Know-how or the Proprietary Process Know-how, and (y) if AMD Fab 36 KG does not object to the alleged breach within fifteen (15) days of its
receipt of notice and such breach is not substantially cured in accordance with AMD Inc. instructions within thirty (30) days of the receipt of notice of such breach, or (z) if AMD Fab 36 KG does object to the alleged breach within fifteen (15) days
of receipt of notice, in which case an arbitration proceeding in accordance with Section 21(b) hereof may be initiated and such breach is not substantially cured by AMD Fab 36 KG in accordance with AMD Inc. instructions within thirty (30) days of
the receipt of notice of such breach provided that an arbitrator’s decision has been rendered in favor of AMD Inc.; or (ii) may also be terminated by either AMD Inc. or AMD Fab 36 KG at any time on or after the date on which all principal,
interest and other amounts owed or to be owed by AMD Fab 36 KG under the Loan Agreement have been paid in full by or for the account of AMD Fab 36 KG (and the Federal Republic of Germany has been reimbursed in full by or for the account of AMD Fab
36 KG to the extent the Federal Republic of Germany makes any payment in respect of its guarantee of amounts outstanding under the Loan Agreement). For the avoidance of doubt, the realization of any security granted under the Loan Agreement does not
constitute a payment in full by or for the account of AMD Fab 36 KG and thus does not give a right to termination. Any such termination will be effective immediately upon receipt of notice of such termination by the non-terminating party. Upon
termination of this Agreement in accordance with this Section 8(b), unless otherwise agreed between AMD Inc. and AMD Fab 36 KG, AMD Fab 36 KG agrees to immediately discontinue all use of the Developed Intellectual Property and Proprietary Process
Know-how. In the event of a breach by AMD Fab 36 KG of any of its obligations contained in this Agreement that do not relate to restrictions on the use of, or affirmative obligations with regard to, the Developed Intellectual Property or Proprietary
Process Know-how, such breach shall not give rise to any right on the part of AMD Inc. to terminate this Agreement. 
  
 (c) Section 8(b) above notwithstanding and without derogating from any obligations of AMD Fab 36 Holding under the AMD Fab 36 Cost Plus Reimbursement
Agreement to purchase inventory and/or work-in-progress upon a termination of that agreement, AMD Fab 36 KG shall have the right to market and sell all of its inventory of products which utilizes any of the Developed Intellectual Property (including
derivative works of such Developed Intellectual Property) existing as of the effective date of termination of this Agreement for the three month period following such effective date to the extent AMD Fab 36 KG may do so at the time of such
termination in accordance with rights and licenses granted to it under this Agreement. At the termination of such three-month period, however, AMD Fab 36 KG shall destroy any such products, including any derivative works, which remain in the
possession or control of AMD Fab 36 KG or any of the AMD Fab 36 KG Persons. 
  

 -14- 

 (d) The provisions of Sections 2, 5, 7, 9, 10, 13,19, 20, 21 and 22 shall survive any termination of this
Agreement, unless this Agreement has been terminated by mutual consent of AMD Inc., AMD Fab 36 Holding and AMD Fab 36 KG after the Loan Agreement Termination Date. Moreover, Section 3(c)(ii) shall survive the termination of this Agreement upon the
occurrence of a Trigger Event prior to the termination of this Agreement unless such termination is in accordance with Section 8(b)(i). 
  
 Section 9. Proprietary Technical Documentation. 
  
 (a) Each of AMD Fab 36 Holding and AMD Fab 36 KG acknowledges and agrees that any and all Proprietary Technical Documentation and documentation relating
to Proprietary Process Know-how and Developed Intellectual Property I, including all copies or parts thereof, shall be and remain the sole property of AMD Inc. or of any third party that provided such Proprietary Technical Documentation to AMD Inc.
and that as between AMD Inc. and AMD Fab 36 Holding or AMD Fab 36 KG, AMD Inc. shall retain the sole right to obtain copyright protection, mask or mask work registration and/or letters patent in any and all countries upon such Proprietary Technical
Documentation. 
  
 (b) Each of AMD Fab 36 Holding and AMD Fab 36
KG further agrees that, upon the termination of the respective Service Agreements to which it is a party, AMD Inc. shall be entitled to remove all Proprietary Technical Documentation, documentation relating to Proprietary Process Know-how and
Developed Intellectual Property I and all other documentation containing Confidential Information in accordance with the procedure set forth below, and that it shall not, without the written consent of AMD Inc., retain or take any copies or other
reproductions of, nor shall it knowingly withhold from AMD Inc., any such Proprietary Technical Documentation or other documentation containing Confidential Information in its possession. 
  
 (c) Promptly following the termination of this Agreement or upon the date that the State of Saxony no longer directly or
indirectly holds and equity interest in AMD Fab 36 KG, AMD Inc. shall be entitled to enter the Plant and any other AMD Fab 36 KG premises for the purposes of removing all Confidential Information, including Proprietary Technical Documentation and
documentation relating to Proprietary Process Know-how and Developed Intellectual Property I. AMD Fab 36 KG shall cooperate with AMD Inc. and shall provide AMD Inc. with full access to its records and the records of all AMD Fab 36 KG Persons and
Affiliates (including without limitation any digital or other media on which Proprietary Product Know-how or other Confidential Information has been recorded) for purposes of allowing AMD Inc. to remove such Proprietary Technical Documentation and
any other documentation containing Confidential Information. Representatives of AMD Fab 36 KG shall be entitled to accompany AMD Inc. at all times while AMD Inc. is in the Plant for the purposes of recording those documents that are removed by AMD
Inc. and/or lodging an objection to such removal on the basis that such documentation does not constitute Confidential Information. To the extent AMD Inc. desires to remove documentation that is not Confidential Information, AMD Inc. shall be
permitted to do so at its sole expense. Upon the occurrence of a Trigger Event, AMD Inc. shall be entitled to enter the Plant and any other AMD Fab 36 KG premises for the purposes of removing all Confidential Information, including Proprietary
Technical Documentation that is not jointly owned by (in accordance with Section 3(a) of this Agreement) or licensed to (in 
  

 -15- 

 accordance with Section 3(c) of this Agreement) AMD Fab 36 KG. AMD Fab 36 KG shall cooperate with AMD Inc. and shall
provide AMD Inc. with full access to its records and the records of all AMD Fab 36 KG Persons and Affiliates (including without limitation any digital or other media on which Proprietary Product Know-how or other Confidential Information has been
recorded) for purposes of allowing AMD Inc. to remove such Proprietary Technical Documentation and any other documentation containing Confidential Information. Representatives of AMD Fab 36 KG shall be entitled to accompany AMD Inc. at all times
while AMD Inc. is in the Plant for the purposes of recording those documents that are removed by AMD Inc. and/or lodging an objection to such removal on the basis that such documentation does not constitute Confidential Information. To the extent
AMD Inc. desires to remove documentation that is not Confidential Information, AMD Inc. shall be permitted to do so at its sole expense. 
  
 (d) As soon as AMD Inc. has completed the foregoing exercise, it shall certify to AMD Fab 36 KG in writing that it has removed all applicable Confidential
Information known to it. AMD Inc. hereby acknowledges and agrees, on behalf of itself and all other AMD Companies, any and all documentation or other items that it knowingly chooses not to remove from the Plant shall thereafter be deemed not to
constitute Proprietary Technical Documentation or to contain Confidential Information. 
  
 (e) Except where such failure was due to circumstances beyond its control (in which case, the removal process shall be completed as soon as reasonably practicable) or due to a breach by AMD Fab 36 KG of its covenants
to cooperate with AMD Inc., if AMD Inc. fails to complete the foregoing document removal process within thirty (30) days following the termination of this Agreement, AMD Inc. and all other AMD Companies shall be deemed to have waived any and all
rights, claims and/or causes of action they have or in the future may have against AMD Fab 36 KG, its successors and assigns, or against a Beneficiary based on the disclosure or use, for any purpose, by such Person of any documentation left in the
Plant on the grounds that such documentation or the information contained therein is in any manner proprietary to AMD Inc. or another AMD Company. 
  
 (f) In connection with the foregoing, AMD Inc. agrees to indemnify and hold harmless AMD Fab 36 KG from and against any and all losses, costs and expenses
resulting from any damage caused to the Plant by AMD Inc. during the course of conducting the document removal process. 
  
 Section 10. Disclaimer. 
  
 (a) EACH PARTY EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE DEVELOPED INTELLECTUAL PROPERTY AND THIS
AGREEMENT, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, NEITHER PARTY SHALL HAVE ANY LIABILITY IN TORT OR STRICT LIABILITY, NOR SHALL
IT BE LIABLE TO THE OTHER FOR ANY ORDINARY, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES INCURRED BY SUCH OTHER PARTY IN RELATION TO THE DEVELOPED INTELLECTUAL PROPERTY. 
  

 -16- 

 (b) IN FURTHERANCE OF THE FOREGOING, NEITHER PARTY WARRANTS THAT THE MANUFACTURE OF ANY PRODUCTS
INTEGRATING THE DEVELOPED INTELLECTUAL PROPERTY WILL NOT INFRINGE ANY PATENT OR SIMILAR INTELLECTUAL PROPERTY RIGHTS OWNED OR POSSESSED BY ANY THIRD PARTIES. 
  
 Section 11. Indemnification. AMD Fab 36 KG agrees to indemnify, defend and hold harmless AMD Inc. from and shall pay all costs, fees and
expenses (including reasonable attorney’s fees) incurred by AMD Inc. arising out of a breach by AMD Fab 36 KG of this Agreement. AMD Inc. agrees to indemnify, defend and hold harmless AMD Fab 36 KG from and shall pay all costs, fees and
expenses (including reasonable attorney’s fees) incurred by AMD Fab 36 KG arising out of a breach by AMD Inc. of this Agreement. 
  
 Section 12. General Representations and Warranties. Each of AMD Fab 36 Holding and AMD Inc. hereby represents and warrants to AMD Fab 36 KG
that: 
  
 (a) Organization; Power. It is duly
incorporated or formed and validly existing under the laws of the jurisdiction of its organization; it is duly qualified or licensed and (where the term has a technical meaning) is in good standing as a foreign corporation or foreign limited
partnership authorized to do business in each jurisdiction where, because of the nature of its activities or properties in such jurisdiction, such qualification or licensing is required, except for such jurisdictions where the failure to be so
qualified or licensed will not materially adversely affect its financial condition, business, operations or prospects; and it has all requisite corporate or partnership power and authority (i) to own, operate, and lease its assets and properties and
to carry on the business in which it is engaged and in which it currently proposes to engage; and (ii) to execute, deliver and perform its obligations under this Agreement. 
  
 (b) Authority; No Conflict. The execution, delivery and performance by it of this Agreement have been duly
authorized by all necessary corporate or partnership action (including any necessary shareholder or partner action) on its part and do not and will not (i) violate any provision of any law, rule, regulation, order, writ, judgment, injunction,
decree, determination, or award presently in effect binding on it (which violation, the case of performance only, individually or in the aggregate could reasonably be expected to have a material adverse effect on the financial condition, business,
operations or prospects of AMD Inc. and its Subsidiaries on a consolidated basis) or violate its charter, or (ii) result in a breach of, result in a mandatory prepayment or acceleration of indebtedness evidenced or secured by, or constitute a
default under, any indenture or loan or credit agreement, or any other agreement or instrument, to which it is a party or by which it or its properties are bound, or (iii) result in or require (in either case except as contemplated by the
“Transaction Documents,” as defined in the Loan Agreement) the creation or imposition of any encumbrance of any nature upon or with respect to any of the of the properties now owned by it, and it is not in default under or in violation of
its charter, or any such law, rule, regulation, order, writ, judgment, injunction, decree, determination, award, indenture, agreement or instrument, which default or violation, individually or in the aggregate, could reasonably be expected to have a
material adverse effect on the financial condition, business, operations or prospects of it and its Subsidiaries on a consolidated basis. 
  

 -17- 

 (c) Valid and Binding Obligation. This Agreement constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, subject, however, to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors rights generally and except as the enforceability thereof may be
limited by general principles of equity (regardless of whether considered in a proceeding in equity or law). 
  
 Section 13. Business Representation and Warranty. AMD Inc. and AMD Fab 36 Holding represent and warrant that the rights transferred and
licensed under Section 3 hereof will be sufficient for AMD Fab 36 KG to operate its business, namely the manufacture and supply of commercially viable, leading edge 300 mm CMOS wafers for advanced microprocessor production, starting with raw wafers
and ending with wafers manufactured in accordance with the specifications referred to in the AMD Fab 36 Cost Plus Reimbursement Agreement, prior to the occurrence of a Trigger Event. Moreover, AMD Inc. and AMD Fab 36 Holding represent and warrant
that they are legally permitted to transfer such rights and grant such licenses. AMD Inc. and AMD Fab 36 Holding undertake to refrain from knowingly taking actions that may negatively affect their ability to lawfully grant the licenses set forth in
Section 3. Moreover, prior to the occurrence of a Trigger Event, AMD Inc. and AMD Fab 36 Holding undertake to use commercially reasonable efforts to obtain third party licenses that are essential for AMD Fab 36 KG to operate Fab 36 prior to the
occurrence of a Trigger Event. 
  
 Section 14.
Assignment. This Agreement shall be binding upon and inure to the benefit of each party hereto and their respective successors and assigns; provided, however, that AMD Fab 36 KG shall not have the right to transfer or assign its
interest in this Agreement without the prior written consent of both AMD Inc. (unless such transfer or assignment is subsequent to the occurrence of a Trigger Event and is solely for the license of Section 3(c)(ii) and/or the joint ownership of
Section 2(a) and to a purchaser or purchasers of at least twenty percent (20%) of assets of or ownership interests in AMD Fab 36 KG) and, prior to the Loan Agreement Termination Date, the Agent; provided further, that AMD Fab 36 KG may assign
this Agreement to the Security Agent as security for the obligations of AMD Fab 36 KG under the Loan Agreement and that, in connection with the enforcement of rights under such security, the rights of AMD Fab 36 KG may be assigned to a transferee of
all of the partnership interests held by the AMD Companies in, or all or substantially all of the assets of, AMD Fab 36 KG, so long as any transfer of the rights of AMD Fab 36 KG under this Agreement in connection with the enforcement of rights
under such security shall include the obligations of AMD Fab 36 KG, including that any such transfer shall not change the location where and the manner in which the Developed Intellectual Property, Improvements, Non-Proprietary Know-how, Proprietary
Product Know-how, Proprietary Technical Documentation and Proprietary Process Know-how may be used pursuant to the rights and licenses granted under this Agreement. 
  
 Section 15. Waivers. No delay or omission in exercise of any right or remedy of either party or any default by
the other, and no custom or practice of the parties at variance with the terms of this Agreement, shall impair any right or remedy otherwise available nor shall it be construed as a waiver of any right or remedy. Any waiver by either party of any
default must be in writing and shall not be a waiver of any other default concerning the same or any other provision. Prior to the Loan Agreement Termination Date, AMD Fab 36 KG shall have no right to waive any of its rights or remedies under this
Agreement without the prior written consent of the Agent. 
  

 -18- 

 Section 16. Rights Cumulative. The rights, remedies and powers of each of the parties
contained in this Agreement are cumulative and not exclusive of any rights, remedies or powers provided to the parties by applicable law. No single or partial exercise by any of the parties hereto of any right, remedy or power under this Agreement
shall preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 
  
 Section 17. Further Assurances. At any time from time to time, upon the request of either party, the parties agree to execute and deliver
such further documents and do such other acts and things as any party may reasonably request in order to effect fully the purpose of this Agreement. Without limiting the foregoing, each of AMD Inc. and AMD Fab 36 Holding agrees to prepare and
execute from time to time, at the expense of AMD Fab 36 KG, such license agreements substantially on the terms hereof confirming the licenses and rights of AMD Fab 36 KG granted hereby in any specific patent or copyright comprising Developed
Intellectual Property as AMD Fab 36 KG may reasonably request. 
  
 Section 18. Notices. All notices and other communications required or permitted to be given to or made upon any party hereto shall be in writing and shall be personally delivered or sent by registered or certified mail,
postage pre-paid, return receipt requested, or by pre-paid telex, TWX or telegram, or by pre-paid courier service, or by telecopier, to the respective parties hereto at their respective addresses (or to their respective telex, TWX or telecopier
numbers) indicated below, or such other addresses or numbers specified in a notice sent or delivered in accordance with the provisions of this Section 18. Any such notice or communication shall be deemed to be given for purposes of this Agreement on
the day that such writing or communication is delivered or, in the case only of a telex, TWX or telegram, sent to the intended recipient thereof, or in the case only of a telecopier, sent to the intended recipient thereof with confirmation of
receipt, all in accordance with the provision of this Section 18. 
  

					
	 If to AMD Inc.:
	 	Advanced Micro Devices, Inc.	 	 
	 	 	One AMD Place	 	 
	 	 	P.O. Box 3453	 	 
	 	 	Sunnyvale, California 94088-3453	 	 
	 	 	Attention: General Counsel	 	 
	 	 	Facsimile: (408) 774-7399	 	 
			
	 If to AMD Fab 36 Holding:
	 	AMD Fab 36 Holding GmbH	 	 
	 	 	Wilschdorfer Landstr. 101	 	 
	 	 	01109 Dresden, GERMANY	 	 
	 	 	Attention: Geschaeftsfuehrer	 	 
	 	 	Facsimile: 49-351-277-91001	 	 
			
	 If to AMD Fab 36 KG:
	 	AMD Fab 36 Limited Liability	 	 
	 	 	Company & Co. KG	 	 
	 	 	Wilschdorfer Landstr. 101	 	 
	 	 	01109 Dresden, GERMANY	 	 
	 	 	Attention: Manager	 	 
	 	 	Facsimile: 49-351-277-91001	 	 

  

 -19- 

					
	 with a copy to:
	 	Dresdner Bank AG	 	 
	 	 	Dr. Kuelz-Ring 10	 	 
	 	 	01067 Dresden	 	 
	 	 	Attention: Direktion	 	 
	 	 	Facsimile: 49-351-489-1350	 	 

  
 Section 19. No
Effect on Other Agreements. No provision of this Agreement shall be construed so as to negate, modify or affect in any way the provisions of any other agreement among AMD Inc., AMD Fab 36 Holding, AMD Fab 36 KG and/or any other person or
entity except as specifically provided in any such other agreement. 
  
 Section 20. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
  
 Section 21. Expert Resolution of Certain Disputes. 

 
 (a) In the event that following the termination of the AMD Fab 36 Cost
Plus Reimbursement Agreement or the occurrence of a Trigger Event: (i) AMD Inc. reasonably asserts that any information used by AMD Fab 36 KG constitutes Proprietary Product Know-how other than Proprietary Process Know-how that AMD Inc. is not
prevented or restricted from licensing, Developed Intellectual Property other than Developed Intellectual Property I, or Proprietary Process Know-how that AMD is prevented or restricted from licensing or that any action by AMD Fab 36 KG constitutes
an infringement on any intellectual property rights of AMD Inc., or (ii) AMD Fab 36 KG reasonably asserts that any document in the Plant that AMD Inc. wishes to remove constitutes documentation relating to Developed Intellectual Property I or
Proprietary Process Know-how that is licensed to AMD Fab 36 KG under Section 3(c) hereof, the parties agree that they will notify a representative of the State of Saxony regarding such dispute and refer the dispute between them to a technical expert
for binding determination. Pending resolution of any such dispute, AMD Fab 36 KG shall be entitled to continue to use the information or document in question on the terms of this Agreement. 
  
 (b) If, subsequent to the occurrence of a Trigger Event and AMD Fab 36 KG
ceases to be a Subsidiary of AMD Inc., AMD Inc. asserts that AMD Fab 36 KG is in material breach in accordance with Section 8(b), and if AMD Fab 36 KG does object to the alleged breach within fifteen (15) days of receipt of notice, the parties agree
that they will refer the dispute between them to an expert for binding determination. Pending resolution of any such dispute, AMD Fab 36 KG shall be entitled to continue to use the Developed Intellectual Property or the Proprietary Process Know-how
in accordance with the terms of this Agreement. 
  
 (c) In the
event a dispute of the type set forth in Section 21(a) or (b) arises, the parties shall, within three (3) business days thereafter, appoint a mutually agreeable, appropriately qualified expert to resolve the dispute between the parties. If the
parties cannot agree on the choice of the expert within such time frame, either party may request that the President of the European Patent Office appoint a suitably qualified expert to resolve the dispute. Such expert shall have significant
knowledge of the Employee Invention Law. The decision of the President shall be final and binding on the parties. 
  

 -20- 

 (d) The expert appointed by the parties, or in default, by the Institute, shall determine what
information is required (and in what format) from either or both parties for the purposes of resolving the dispute and the parties agree to cooperate with such expert. In no event shall the expert take more than two (2) weeks from the date of
appointment within which to reach his or her decision and the expert shall provide its decision in writing to both parties. All costs of the expert shall be shared equally by the parties. The decision of the expert shall be appealable only pursuant
to the dispute resolution procedures set forth in Section 22, and the decision of the expert shall be admissible to the record in any proceeding. The decision of the expert shall be final and binding on both parties unless appealed by the
commencement of proceedings pursuant to Section 22 within ten (10) days of such decision. 
  
 (e) With regard to the disputes referred to in Section 21(a) or (b), it is the intent of the parties that the expert resolution procedures contained in this Section 21 shall be completed and the expert decision
rendered before any other type of dispute resolution procedure, proceeding or action (including, but not limited to, the arbitration proceedings referred to in Section 22 or any other form of provisional or preliminary remedies) is commenced,
prosecuted or otherwise pursued. 
  
 Section 22. Arbitration
of Disputes. Except as expressly provided in Section 21, arbitration under this Section 22 shall be the exclusive means for a party to seek resolution of any dispute arising out of, relating to or connected with this Agreement, except
that either party may bring an action before a competent court for the issuance of provisional or protective measures. 
  
 (a) The parties hereto agree to submit any dispute, controversy or claim (“Dispute”) arising out of, relating to or in any way connected with
this Agreement to final and binding arbitration in Santa Clara County, California under the Commercial Arbitration Rules and Supplementary Procedures for International Commercial Arbitration of the American Arbitration Association (“AAA”)
then in force except as modified in accordance with the provisions of this Section. 
  
 (b) The arbitral tribunal shall be composed of three arbitrators, one appointed by each party, and the two arbitrators so appointed shall, within 15 days appoint a third arbitrator who shall be chosen from a country
other than those of which the parties are nationals, who shall be fluent in English, and who shall act as Chairman of the tribunal. 
  
 (c) In arriving at decisions, the arbitrators shall apply the terms and conditions of this Agreement in accordance with the laws of the State of
California. 
  
 (d) The award shall be deemed a U.S. award for
purposes of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (the “New York Convention”). The English language shall be used in the arbitral proceedings and all exhibits and other evidence in a language
other then English shall be accompanied by English translations when submitted into evidence before the arbitral tribunal. 
  

 -21- 

 (e) The arbitrators are empowered to render the following awards in accordance with any provision of this
Agreement or any related agreement: (i) enjoining a party from performing any act prohibited, or compelling a party to perform any act required, by the terms of this Agreement or any related agreement and any order entered pursuant to this Agreement
and (ii) ordering such other legal or equitable relief, including any provisional legal or equitable relief, or specifying such procedures as the arbitrator deems appropriate, to resolve any Dispute submitted for arbitration. The parties shall be
entitled to discover all documents and other information reasonably necessary for a full understanding of any legitimate issue raised in arbitration. They may use all methods of discovery customary under U.S. federal law, including but not limited
to depositions, requests for admission, and requests for production of documents. The time periods for compliance shall be set by the arbitrators, who may also set limits on the scope of such discovery. The arbitrators shall not be empowered to
award consequential or punitive damages. 
  
 (f) Either party may
file an application in any proper court described in Section 23 below for a provisional remedy in connection with an arbitrable controversy hereunder, but only upon the ground that the award to which the applicant may be entitled may be rendered
ineffectual without provisional relief. 
  
 (g) The arbitrators
shall issue to both parties a written explanation in English of the reasons for the award and a full statement of the facts as found and the rules of law applied in reaching the decision. 
  
 (h) The award of the arbitral tribunal will be the sole and exclusive remedy between the parties regarding any and all
claims and counterclaims with respect to the subject matter of the arbitrated dispute. An award rendered in connection with an arbitration pursuant to this Section shall be final and binding upon the parties, and any judgment upon which an award may
be entered and enforced in any court of competent jurisdiction. 
  
 Section 23. Consent to Jurisdiction and Forum; AMD Fab 36 KG Appointment of Agent for Service of Process. 
  
 (a) Subject to Sections 21 and 22, all judicial proceedings brought against any party hereto with respect to this Agreement may be brought in the United
States District Court for the Northern District of California or in any branch of the Superior Court of the State of California sitting in Santa Clara County, California, and by execution and delivery of this Agreement, each such party accepts for
itself and in connection with its properties, generally and unconditionally, the nonexclusive jurisdiction of such courts. In addition, each such party hereby irrevocably and unconditionally waives, to the fullest extent permitted by law, any
objection which it may now or hereafter have to the laying of venue of any such proceedings, and hereby further irrevocably and unconditionally waives and agrees to the fullest extent permitted by law not to plead or claim that any such proceeding
brought in any such court has been brought in an inconvenient forum. 
  
 (b) AMD Fab 36 KG hereby irrevocably appoints CT Corporation Services as its agent to receive on behalf of AMD Fab 36 KG and its property service of copies of the summons and complaint and any other process which may be served in any
proceeding in any state or federal court of competent jurisdiction in the State of California. 
  

 -22- 

 (c) AMD Fab 36 Holding hereby irrevocably appoints CT Corporation Services as its agent to receive on
behalf of AMD Fab 36 Holding and its property service of copies of the summons and complaint and any other process which may be served in any proceeding in any state or federal court of competent jurisdiction in the State of California. 

 
 Section 24. Language. This Agreement is in the English
language, which language shall be controlling in all respects. 
  
 Section 25. Entire Agreement. This Agreement, the Management Service Agreement and the AMD Fab 36 Cost Plus Reimbursement Agreements embody the entire agreement and understanding between the parties with respect to the subject
matter hereto. Neither party has relied upon any representation or warranty of the other party in entering into this Agreement except as expressly set forth herein. 
  
 Section 26. Counterparts. This Agreement may be executed in one or more counterparts and by different parties
hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple counterparts
and attached to a single counterpart so that all signature pages are physically attached to the same document. 
  
 Section 27. Amendments. No modifications or amendments to this Agreement shall be binding unless in writing and executed by each of the
parties hereto. In addition, prior to the Loan Agreement Termination Date, no modification or amendment to this Agreement may be made without the prior written consent of the Agent or a representative of the State of Saxony but only until such time
that the State of Saxony ceases to hold an ownership interest in AMD Fab 36 KG. 
  
 [Remainder of page intentionally left blank] 
  

 -23- 

 IN WITNESS OF THE FOREGOING, AMD Inc., AMD Fab 36 Holding and AMD Fab 36 KG have caused this Agreement to
be executed by their authorized representatives as of the date first written above. 
  

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

	Name:	 	Robert J. Rivet
	Title:	 	Chief Financial Officer
	
	AMD Fab 36 HOLDING GMBH
		
	By:	 	 /s/ Hans-Raimund Deppe

	Name:	 	Dr. Hans-Raimund Deppe
	Title:	 	Geschäftsführer
	
	AMD FAB 36 LIMITED LIABILITY COMPANY & CO. KG, Represented by its General Partner AMD Fab 36 LLC
		
	By:	 	 /s/ Hans-Raimund Deppe

	Name:	 	Dr. Hans-Raimund Deppe
	Title:	 	Manager

  

 -24-

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