SEC Contract Filing

Filing Date: 2020-10-07

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d12798dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Amendment No.&nbsp;1 (this &#147;<U>Amendment</U>&#148;) to the Asset Purchase Agreement, dated as of April&nbsp;22, 2019
(the &#147;<U>Purchase Agreement</U>&#148;), by and among GLOBALFOUNDRIES U.S. Inc., a Delaware corporation (&#147;<U>Seller</U>&#148;), Semiconductor Components Industries, LLC, a Delaware limited liability company (&#147;<U>Buyer</U>&#148;), and,
solely for the purposes of Section&nbsp;6.07 and Article XII thereof, GLOBALFOUNDRIES Inc., an exempted company incorporated under the laws of the Cayman Islands, is being entered into by the undersigned effective as of October&nbsp;1, 2020.
Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Purchase Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties to the Purchase
Agreement agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Pursuant to and in accordance with Section&nbsp;12.07 of the Purchase Agreement: </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">Section&nbsp;2.08 of the Purchase Agreement is hereby amended and restated in its entirety as follows:
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;Section&nbsp;2.08.&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase Price</U>. The aggregate cash purchase
price (the &#147;<U>Purchase Price</U>&#148;) payable by Buyer for the Transferred Assets shall be an amount in cash equal to $400,000,000, plus (a)&nbsp;the Additional Amount, if any, and minus (b)&nbsp;the License Fee Supplement (as defined in the
Technology License Agreement), if any, determined in accordance with Section&nbsp;5.1(b) of the Technology License Agreement, payable by Buyer to Seller as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;on the date hereof, as a deposit on the Purchase Price, $70,000,000 (the &#147;<U>Deposit
Amount</U>&#148;) by wire transfer of immediately available funds to the account set forth on <U>Exhibit B</U> hereto; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;on October&nbsp;3, 2020 or the first Business Day immediately following October&nbsp;3, 2020, as a <FONT
STYLE="white-space:nowrap">non-refundable</FONT> deposit on the Purchase Price, $100,000,000 (the &#147;<U>Additional Deposit Amount</U>&#148;) by wire transfer of immediately available funds to the account set forth on <U>Exhibit B</U> hereto; and
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:15%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(c)&nbsp;&nbsp;&nbsp;&nbsp;(i) if the Closing Date is on or before January&nbsp;2, 2023, on January&nbsp;2, 2023 (or such
other date as agreed between the parties), and (ii)&nbsp;otherwise, on the Closing Date, $230,000,000 plus the Additional Amount, if any, by wire transfer of immediately available funds to the account set forth on <U>Exhibit B</U> hereto, or to such
other account Seller has designated in writing to Buyer at least three (3)&nbsp;Business Days prior to the Closing.&#148; </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="justify">All references to the &#147;Agreement&#148; in the Purchase Agreement shall mean the Purchase Agreement as
amended by this Amendment. All references to the &#147;Foundry Transition Services Agreement&#148; in the Purchase Agreement shall mean the Foundry Transition Services Agreement as amended by the FTSA Amendment (as defined below).
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