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EXHIBIT 10.103
Opening Transaction
Dear Sir(s):
The purpose of this communication (this “ Confirmation ”) is to set forth the terms and conditions of the above-
referenced transaction
entered into on the Trade Date specified below (the “ Transaction ”) between [_____________] (“ Dealer ”) and Micron Technology, Inc. (“
Issuer ” or “ Counterparty ”). Dealer is acting as principal and [_____________] (“ Agent ”),
its affiliate, is acting as agent for Dealer for the
Transaction under this Confirmation. This communication constitutes a “Confirmation”
as referred to in the ISDA Master Agreement specified
below. This Confirmation is a confirmation for purposes of Rule 10b-
10 promulgated under the Securities Exchange Act of 1934, as amended (the
“ Exchange Act ”).
1.
This Confirmation is subject to, and incorporates, the definitions and provisions of the 2000 ISDA Definitions (including the
Annex thereto) (the “ 2000 Definitions ”) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the “
Equity
Definitions ”, and together with the 2000 Definitions, the “ Definitions ”),
in each case as published by the International Swaps and Derivatives
Association, Inc. (“ ISDA ”).
In the event of any inconsistency between the 2000 Definitions and the Equity Definitions, the Equity Definitions
will govern.
Each party is hereby advised, and each such party acknowledges, that the other party has engaged in, or refrained from engaging in,
substantial financial transactions and has taken other material actions in reliance upon the parties’
entry into the Transaction to which this
Confirmation relates on the terms and conditions set forth below.
This Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to
which this Confirmation relates. This Confirmation shall be subject to an agreement (the “ Agreement ”)
in the form of the 2002 ISDA Master
Agreement as if Dealer and Counterparty had executed an agreement in such form on the date hereof (but without any Schedule except for (i) New
York law (without regard to the conflicts of law principles) as the governing law and (ii) US Dollars (“ USD ”)
as the Termination Currency). The
parties hereby agree that the Transaction to which this Confirmation relates and any other “Issuer Capped Share Call Option Transactions”
referencing the Shares (as defined below) (“ Capped Call Transactions ”)
entered into by the parties on even date herewith shall be governed by
the Agreement. [On or prior to the Effective Date, [_____________], a Delaware corporation and parent of Dealer, will provide a guarantee in
favor of the Issuer in the form attached hereto as Annex C.]
All provisions contained in, or incorporated by reference to, the Agreement will govern this Confirmation except as expressly modified
herein. In the event of any inconsistency between this Confirmation and the Definitions or the Agreement, as the case may be, this Confirmation
shall govern.
1
To:
Micron Technology, Inc.
8000 S. Federal Way
Boise, Idaho 83716-9632
A/C:
From:
[_________________]
Re: Issuer Capped Share Call Option Transaction
Ref. No: [___________]
Date: July 22, 2011