AMD 1994 Annual Report Download - page 98

as of September 22, 1992 and recorded on September 22, 1992 as Instrument No.
11550953 in the Official Records of the Recorder of Santa Clara County,
California, as amended by a certain First Amendment to Land Lease, dated as of
December 22, 1992 and recorded on January 5, 1993 in the Official Records of the
Recorder of Santa Clara County, California as Document No. 11720033, pursuant to
which Lessor leases to Lessee certain land described in Appendix 1 attached
hereto.
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 Building Lease):
A. MODIFICATIONS TO BUILDING LEASE
Lessor and Lessee hereby amend the Original Building Lease as follows, and
all references in the Original Building Lease to "this Lease" or "the Lease"
shall hereafter refer to said Original Building Lease as amended hereby:
1. Leased Property In Section 1.1., the following is hereby inserted after
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"other improvements" in the first line of the indented paragraph: "including,
without limitation, the Renovations".
2. Fixed Term. In Section 1.2, the Expiration Date is hereby changed to
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December 22, 1995.
3. Lessor's Option to Renew. The following Section 1.3 is hereby inserted
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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
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Lease for 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
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995