AMD 1997 Annual Report Download - page 176

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Exhibit (g-2)
FIRST AMENDMENT
TO
SPONSORS' LOAN AGREEMENT
THIS FIRST AMENDMENT (this "Amendment"), dated February 6, 1998, is made between
---------
ADVANCED MICRO DEVICES, INC., a corporation organised and existing under the
laws of the State of Delaware, United States of America, with its chief
executive office and principal place of business at One AMD Place, Sunnyvale,
California 94088, United States of America ("AMD Inc."), AMD SAXONY HOLDING
--------
GMBH, Dresden, registered in the Commercial Register of the Dresden County
Court, HRB 13931 ("AMD Holding"; and, together with AMD Inc., collectively, the
-----------
"Sponsors"), and AMD SAXONY MANUFACTURING GMBH, Dresden, registered in
--------
Commercial Register of the Dresden County Court HRB 13186 ("AMD Saxonia").
-----------
W I T N E S S E T H:
WHEREAS, AMD Saxonia, a wholly-owned Subsidiary (such and other capitalized
terms being used in this Amendment with the meanings set out in Section 1.1 of
-----------
this Amendment) of AMD Holding, which is, in turn, a wholly-owned Subsidiary of
AMD Inc., has been formed for the purpose of constructing, owning, and operating
(i) the Plant and (ii) the integrated Design Center;
WHEREAS, in order to finance the construction of the Plant and the Design
Center, and start-up costs of the operation of the Plant, inter alia, (i) AMD
----------
Saxonia has entered into the Loan Agreement providing, inter alia, for two
separate senior secured term and standby facilities aggregating up to DM
1,650,000,000 (one billion six hundred fifty million Deutsche Marks), and (ii)
the Sponsors, the Agent and the Security Agent have entered into that certain
Sponsors' Support Agreement dated 11 March 1997 (the "Sponsors' Support
-----------------
Agreement") providing (x) certain assurances to the Agent and Security Agent
- ---------
with respect to the completion of the Project, and (y) certain undertakings to
and for the benefit of the Secured Parties;
WHEREAS, AMD Saxonia wishes to, among other things, replace the initial Approved
Project Budget with another Approved Project Budget; and
WHEREAS, the Sponsors are willing to provide certain additional undertakings to
and for the benefit of the Secured Parties as provided in this Amendment which
amends and supplements
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998