AMD 2003 Annual Report Download - page 275

§ 7 Counter-Guarantees
In the event that AMD is not already liable to the lenders for the loans guaranteed by the federal government and Saxony, AMD will grant Saxony free of
charge directly enforceable counter-guarantees on first demand for all guaranteed bank credits provided by Saxony together with the federal government
for AMD Fab X (with an aggregate credit amount of € 700 million).
§ 8 Accession of an Additional Industrial Partner
8.1 The Parties aim to admit an additional [***]* partner who will [***]* of AMD Fab X, if possible will enter into obligations to [***]* and further, who is
intended to become a partner in AMD Fab X and to contribute capital, perhaps by way of a capital increase. Saxony and M+W will agree to the acceptance
of an [***]* partner proposed by AMD on the basis of the Limited Partnership Agreement of AMD Fab X, their respective approval not to be withheld or
delayed without good cause.
8.2 Such partner shall be accepted on appropriate conditions. If amendments or adjustments to this Agreement or the Partnership Agreements of AMD Fab X
or other contractual agreement become necessary, the Parties will endeavor to agree on a mutually acceptable provision. Saxony and M+W will refuse
their agreement thereto only if their interests are materially adversely affected.
§ 9 Research and Development
9.1 AMD aims to develop in the Fab X the 65 nm technology generation up to industrial production stage. The milestones for Saxony stated in Appendix
4.1.1 set forth the aimed-at time schedule up to production stage.
9.2 AMD Fab X also is to further develop the 65 nm technology generation and to prepare for implementation of the following technology generations also
through its own development.
* Confidential treatment has been requested pursuant to section IV.2. of the Confidential Treatment Request dated March 9, 2004.
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004