AMD 1993 Annual Report Download - page 243

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AMD INVESTMENT AGREEMENT
This AMD INVESTMENT AGREEMENT (the "Agreement") is made this
26th day of March, 1993 between FUJITSU LIMITED, a Japanese stock
company or kabushiki kaisha ("FUJITSU") and ADVANCED MICRO
DEVICES, INC., a Delaware corporation ("AMD").
AMD and FUJITSU have entered into a Memorandum of
Understanding dated July 13, 1992 regarding (a) the formation,
funding and implementation of a joint venture between AMD and
FUJITSU to manufacture integrated circuits (the "Joint Venture")
and (b) the purchase by each party of common stock of the other
party and/or its subsidiaries.
1.1 Purchases of Fujitsu Securities. Upon the terms and
conditions set forth in this Agreement, AMD shall purchase bonds
and/or shares of the common stock of FUJITSU having a total price
of [CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION] (the "Fujitsu
Securities"). All Fujitsu Securities shall be purchased in the
open market in Japan, unless otherwise agreed between the
parties. The selection between the purchase of bonds, or the
purchase of equity securities such as common stock or bonds
convertible into common stock, shall be initially at FUJITSU'S
discretion, provided that AMD shall have the sole discretion to
vary such selection to the extent necessary for the Joint Venture
to be or not to be, at AMD's discretion, a "controlled foreign
corporation" of AMD (within the meaning of Chapter 1, Subchapter
N, Part III, Subpart F of the Internal Revenue Code of 1986, as
amended), with a reasonable margin to ensure that AMD's objective
is achieved. To the extent consistent with this objective, at
FUJITSU's election the parties will negotiate the terms under
which AMD shall purchase publicly traded bonds issued by FUJITSU
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994