AMD 1994 Annual Report Download - page 129

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Lessor and Lessee hereby agree as follows (terms used by not
defined herein shall have the meaning provided in the Original Land Lease):
A. MODIFICATIONS TO LAND LEASE
Lessor and Lessee hereby amend the Original Land Lease as follows, and all
references in the Original Land Lease to "this Lease" or "the Lease" shall
hereafter refer to said Original Land Lease as amended hereby:
1. Fixed Term. In Section 1.2, the Expiration Date is hereby changed to
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December 22, 1995.
2. Lessor's Option to Renew. The following Section 1.3 is hereby
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inserted after Section 1.2:
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1.3. Lessor's Option to Renew. If Lessee has not delivered to Lessor a
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written notice of Lessee's exercise of the Remarketing Option pursuant to
Section 41.6(A), Lessor may elect to renew the Fixed Term of this Lease for
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an additional term of eight (8) years ending on the eighth anniversary date
of the Expiration Date by notifying Lessee in writing of such renewal at
least ninety (90) days, but not more than one hundred eighty (180) days,
prior to the Expiration Date. Such election shall be within the absolute
and sole discretion of Lessor, and nothing herein shall require Lessor to
renew or extend the Fixed Term of this Lease. Lessee acknowledges that
Lessor has not made any commitment, oral or written, to renew the Lease at
the end of the Fixed Term. Any such renewal shall be on the same terms and
conditions provided for in this Lease, or at the option of Lessor at the
then prevailing rates. In the event Lessor elects to extend the Fixed Term
as provided for above, Lessor shall also be required to extend the term of
the Building Lease for the same period. In connection with any such
renewal, Guarantor agrees to restate its Guaranty, in form and substance
mutually satisfactory to Lessor and to Guarantor, guaranteeing the Leases
during such renewal period. Nothing in this provision shall be construed to
limit Lessee's existing rights under this Lease, including Lessee's rights
to purchase the Land as provided for herein.
4. Definitions.
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(a) The following definitions are hereby added to Section 2 in proper
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alphabetical sequence:
-2-
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995