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EXHIBIT 10.118
ATAT07448111-26474APAP 3537683027-1-2 163949
J. Aron & Company | 200 West Street | New York, New York 10282-2198
Tel: [phone]
REVISED Confirmation
DATE: Jul 3 2012
TO: MICRON TECHNOLOGY, INC.
ATTENTION: FX OPERATIONS
FROM: J. Aron & Company
SUBJECT: Currency Option Transaction
REFERENCE NUMBER: SDB3616575406-3537683027
The purpose of this revised communication (a "Confirmation") is to confirm the terms and conditions of the above-
referenced Transaction entered into on the Trade Date specified below (the "Transaction") between J. Aron & Company
("ARON") and MICRON TECHNOLOGY, INC. ("Counterparty") . This communication constitutes a
"Confirmation". This Confirmation shall supercede and replace any standard short form confirmation or electronic
confirmation message that is sent to you in connection with this Transaction.
1. This Confirmation is subject to, and incorporates, the definitions and provisions contained in the 1998 FX
and Currency Option Definitions (as amended and supplemented by the 1998 ISDA Euro Definitions, collectively
referred to hereinafter as the "1998 FX Definitions"), as published by the International Swaps and Derivatives
Association, Inc. ("ISDA"), the Emerging Markets Traders Association and The Foreign Exchange Committee.
If ARON and Counterparty have entered into a master agreement governing transactions of this type, (the "Agreement"),
then this Transaction shall be governed thereby. If, and so long as, the parties have not entered into such an Agreement,
then this Transaction shall constitute a "Transaction" within the scope of, and shall be deemed to be governed by, the
terms of the 2002 ISDA Master Agreement (provided that (i) "Termination Currency" shall be USD (ii) Subparagraph
(ii) of Section 2(c) (Netting) will not apply to Transactions, (iii) the Governing Law shall be the State of New York,
(iv) the “Cross-Default” provisions of Section 5(a)(vi) will apply to ARON and will apply to Counterparty,
provided that (i) the phrase “or becoming capable at such time of being declared” shall be deleted from clause
(1) of such Section 5(a)(vi); and (ii) the following language shall be added to the end thereof: “Notwithstanding
the foregoing, a default under subsection (2) hereof shall not constitute an Event of Default if (i) the default was
caused solely by error or omission of an administrative or operational nature; (ii) funds were available to enable
the party to make the payment when due; and (iii) the payment is made within two Local Business Days of such
party's receipt of written notice of its failure to pay and (v) “Threshold Amount” means in the case of ARON,
an amount equal to 3% of the shareholder equity of the Credit Support Provider of ARON as published in its
latest audited annual financial accounts and in the case of Counterparty, USD 100,000,000.00, or its equivalent
in any currency (as so modified, the "ISDA Terms")). Upon execution and delivery of an Agreement governing
transactions of this type, such Agreement shall supercede the ISDA Terms, and all transactions then outstanding shall
be governed thereby. All provisions contained in, or incorporated by reference to, the ISDA Terms or the Agreement,
as applicable, will govern this Confirmation except as expressly modified herein. In the event of any inconsistencies
between this Confirmation and the 1998 FX Definitions or the Agreement, as applicable, this Confirmation will govern.
2. The terms of the particular Transaction to which this Confirmation relates are as follows.
Trade Date: Jul 02 2012
Buyer: ARON
Seller: Counterparty
Currency Option Style: European
Currency Option Type: USD Call / JPY Put
Call Currency and Call Currency Amount: USD 600,096,015.36
Put Currency and Put Currency Amount: JPY 50,000,000,000.00
Strike Price: 83.320 JPY/USD