AMD 2003 Annual Report Download - page 208

(iii) The execution and performance of this Guarantee by the Guarantor and any transactions associated herewith does not result in (a) any violation of
Laws and Ordinances which bind the Guarantor, (b) any breach of its Articles of Incorporation and other internal company rules of the Guarantor,
and (c) any material breach of a third-party contract to which the Guarantor is a party or which binds the Guarantor or the assets of the Guarantor.
(iv) The person who signed or attached his/her name and seal to this Guarantee is authorized to sign or attach his/her name and seal to this Guarantee as
the representative of the Guarantor by all procedures necessary pursuant to the Laws and Ordinances, Articles of Incorporation or other internal
company rules of the Guarantor.
(v) This Guarantee constitutes legal, valid and binding obligations of the Guarantor, and is enforceable against the Guarantor in accordance with the
terms of this Guarantee.
(vi) All reports such as annual securities report (yukashoken-houkokusho), semi-annual report (hanki-houkokusho), extraordinary report
(rinji-houkokusho) and revision report (teisei-houkokusho) prepared by the Guarantor are accurately and duly prepared in accordance with the
accounting standards which is generally accepted as fair and appropriate one in Japan.
(vii) After the last day of the fiscal year ended on March 31, 2003, no material change, which will cause a material deterioration of the business, assets,
or financial condition of the Guarantor described in the audited fiscal statement of that fiscal year and which may materially affect the performance
of the obligations of the Guarantor under this Guarantee, has occurred.
(viii) No lawsuit, arbitration, administrative procedure, or any other dispute has commenced, or, to the knowledge of the Guarantor, is likely to commence
with respect to the Guarantor, which will or may materially cause adverse effects on the performance of its obligations under this Guarantee.
(ix) No event of default has occurred to any pecuniary obligation exceeding a value of 1 billion yen (JPY 1,000,000,000) under any agreement
(including this Guarantee) which the Guarantor is a party to.
(x) The Guarantor owns 100% of the shares of FMH outstanding, FMH owns not less than 40% of the shares of FASL LLC outstanding, and FASL
LLC owns 100% of the shares of the Borrower outstanding.
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004