AMD 1995 Annual Report Download - page 198
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23
ANNEXURE 6
GUARANTEE TO BE GIVEN BY
ADVANCED MICRO DEVICES, INC.
----------------------------
THIS GUARANTEE is issued on [ ] 1995
-------------
BY:-
ADVANCED MICRO DEVICES INC., a corporation duly organised under
-----------------------------
the laws of the State of Delaware and having its registered
office at One AMD Place, P.O. Box 3453, Sunnyvale, California
94088-3453, U. S. A. hereinafter referred to as "the Guarantor",
which expression shall include its successors)
IN FAVOUR OF:-
CHINA-SINGAPORE SUZHOU INDUSTRIAL PARK DEVELOPMENT
---------------------------------------------------
CO., LTD. of Jin Ji Lake Holiday Resort, Sanxin Lu, Postal Code
---------
21500, the Municipality of Suzhou, the Province of Jiangsu,
The People's Republic of China (hereinafter referred to as
"CSSD", which expression shall include its successors and
assigns).
WHEREAS:
--------
(A) Pursuant to a Memorandum of Understanding dated 14
September 1994 and four Agreements for the Extension of the
Memorandum of Understanding (hereinafter collectively referred to as
"the Memorandum") entered into between CSSD and Advanced Micro
Devices, Inc. (hereinafter referred to as "the Guarantor"), CSSD had
agreed to reserve for AMD a parcel or land of approximately 5.9
hectares in an industrial township developed or to be developed in
the Municipality or Suzhou known as the Suzhou Industrial Park.
(B) At the request of the Guarantor and Advanced Micro Devices
(Suzhou) Limited (hereinafter referred to as "the Company") and in
reliance upon this Guarantee to be furnished by the Guarantor, CSSD
has agreed to enter into a Contract for Transfer of the right to the
Use of State-owned Land dated [ ] (hereinafter referred to as "the
Contract") for the transfer to the Company of the right to the use of
the land parcel more particularly described in Annexure 1 of the
Contract on the condition that the Guarantor issues this Guarantee to
secure the obligations and liabilities of the Company to pay the Land
Price (as defined in the Contract) and any penalty payable thereon
(hereinafter collectively referred to as "the Secured Sum").
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996