AMENDMENT AGREEMENT NO. 1 TO THE AMD FAB 36 HOLDING COST PLUS REIMBURSEMENT AGREEMENT dated 21 April 2004 between AMD FAB 36 HOLDING GMBH and ADVANCED MICRO DEVICES, INC.
EXHIBIT 10.3
(Convenience Translation)
AMENDMENT AGREEMENT NO. 1
TO THE
AMD FAB 36 HOLDING COST PLUS REIMBURSEMENT AGREEMENT
dated 21 April 2004
between
AMD FAB 36 HOLDING GMBH
and
ADVANCED MICRO DEVICES, INC.
This AMENDMENT AGREEMENT NO. 1 TO THE AMD FAB 36 HOLDING
COST PLUS REIMBURSEMENT AGREEMENT DATED 21 APRIL 2004 is made
between
AMD FAB 36 HOLDING GMBH
Wilschdorfer Xxxxxxx. 000, 00000 Xxxxxxx
- hereinafter referred to as “AMD Fab 36 Holding” -
and
Advanced Micro Devices, Inc.
Xxx XXX Xxxxx, Xxxxxxxxx, Xxxxxxxxxx 00000,
Xxxxxx Xxxxxx of America
- hereinafter referred to as “AMD Inc.” -
RECITALS
WHEREAS, AMD Fab 36 Holding and AMD Inc. are parties to the AMD Fab 36 Holding Cost Plus Reimbursement Agreement dated 21 April 2004 (the “AMD Fab 36 Holding Cost Plus Reimbursement Agreement”);
WHEREAS, the parties now wish to amend the AMD Fab 36 Holding Cost Plus Reimbursement Agreement, particularly with respect to invoicing and payment in US-Dollar and the calculation of Total Costs;
NOW, THEREFORE, in consideration of the above, the parties hereto agree as follows:
ARTICLE I
Amendments to the AMD Fab 36 Holding Cost Plus Reimbursement Agreement
Section 1.01. Amendment of Section 2.01 (b) sentence 1. Section 2.01 paragraph (b) sentence 1 of the AMD Fab 36 Cost Plus Reimbursement Agreement shall be deleted and replaced by the following:
“In aggregate, AMD Inc. agrees to make payments to AMD Fab 36 Holding which in terms of their amount, currency and due date shall correspond to all payments due and to be made by AMD Fab 36 Holding to AMD Fab 36 under the AMD Fab 36 Cost Plus Reimbursement Agreement”.
Section 1.02. Amendment of Section 2.03 (a). Section 2.03 paragraph (a) of the AMD Fab 36 Holding Cost Plus Reimbursement Agreement shall be deleted and replaced by the following:
| “(a) | AMD Inc. shall pay to AMD Fab 36 Holding the Selling Price Per Wafer for all Products shipped by AMD Fab 36 Holding prior to the purchase price due date for such Products under the AMD Fab 36 Cost Plus Reimbursement Agreement (if AMD Fab 36 or AMD Fab 36 Holding notifies this reasonably in advance) within 30 days after receipt of invoices denominated in Euro or US-Dollar from AMD Fab 36 Holding in accordance with this Section 2.03. The invoice amount in US-Dollar results from the conversion of Euro to US-Dollar at the average rate of exchange as derived from Bloomberg and provided by SAP (or an equivalent accounting system) for the accounting Month. AMD Fab 36 Holding shall be entitled to issue invoices to AMD Inc. on a monthly basis.”. |
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Section 1.03. Amendment of Section 2.04. Section 2.04 of the AMD Fab 36 Holding Cost Plus Reimbursement Agreement shall be deleted and replaced by the following:
“Section 2.07. Method of Payment. Payments under this Agreement from AMD Inc. to AMD Fab 36 Holding, if made other than by set-off permitted by Section 2.03, shall be deposited into an account of AMD Fab 36 Holding at Dresdner Bank AG, Dresden Branch or such other account of AMD Fab 36 Holding specified by AMD Fab 36 Holding with the prior written consent of the Facility Agent (a copy of which consent shall be delivered by AMD Fab 36 Holding to AMD Inc.) with not less than 15 days written notice to AMD Fab 36 Holding, and all such payments shall be made in Euro, or in US-Dollar, or a combination of Euro and US-Dollar, in each case at the option of AMD Fab 36 Holding. Is the payment made in a currency deviating from the invoice currency, the relevant payment amount results from the conversion with the exchange rate of the invoicing according to Section 2.03 (a)”.
ARTICLE II
Amendments to the AMD Fab 36 Cost Plus Reimbursement Agreement
Section 2.01. AMD Inc. and AMD Fab 36 Holding acknowledge, and consent to, the amendment of the AMD Fab 36 Cost Plus Reimbursement Agreement dated as of today.
ARTICLE III
Miscellaneous
Section 3.01. This agreement is governed by the law of the Federal Republic of Germany. Application of the UN Convention on Contracts for the International Sale of Goods of 11 April 1980 is expressly excluded.
Section 3.02.
a) The parties shall endeavor to reach an amicable settlement of any dispute arising out of or in connection with this agreement and its implementation, including any question regarding its existence, validity, termination or its performance, or in connection with arrangements regarding the performance of this agreement.
b) If any party declares that a reasonable attempt at amicable settlement of a dispute mentioned in sub-section a) has failed, such dispute shall be finally resolved by arbitration, to the exclusion of the courts of regular jurisdiction, under the Rules of Arbitration (Schiedsgerichtsordnung) of the German Arbitration Board (“Deutsche Institution für Schiedsgerichtswesen e.V.”) , by three arbitrators. The place of arbitration shall be Dresden, Germany. The German Code of Civil Procedure shall apply where the Rules of Arbitration are silent.
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c) The language to be used in the arbitration proceedings shall be German and all documents written in a language other than German shall be translated into the German language for the arbitration proceedings, unless otherwise decided by the parties to the arbitration proceedings.
d) The arbitral awards shall be substantiated in writing. The arbitration tribunal shall decide on the matter of costs of the arbitration and on the allocation of expenditure among the respective parties to the arbitration proceedings.
Section 3.03. The German version of this agreement shall be controlling.
Section 3.04. No modifications or amendments to this agreement shall be binding unless in writing. This requirement of written form may only be waived in writing.
Section 3.05. If present or future terms of this agreement are invalid or unenforceable in whole or in part or lose their validity or enforceability at a later date, this shall not affect the validity of the remaining provisions hereof. The same shall apply insofar as it transpires that there is a gap in this agreement. The invalid or unenforceable provision shall be replaced, or the gap filled, by a reasonable provision which, to the extent legally permissible, comes closest to what the contracting parties intended or would have intended in accordance with the meaning and purpose of this agreement, had they considered the point upon conclusion hereof. This also applies if the invalidity of a provision results from a degree of performance standardized hereunder (set period, date); in such cases a legally permissible degree of performance or time (set period, date), coming as close as possible to the intentions, shall replace what was agreed.
Section 3.06. In case of disputes arising among the parties hereto due to Sections 2.04 and 2.05 above, the arbitration tribunal (Section 3.02) shall be entitled to determine with binding force the provision which is to apply thereunder.
Section 3.07. All terms and conditions of the AMD Fab 36 Holding Cost Plus Reimbursement Agreement other than those amended pursuant to Article I hereof shall remain unchanged.
Section 3.08. This agreement shall take effect as of 1 January 2006.
[Signature page to follow]
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September 28, 2006
| /s/ Xxxxxx X’Xxxxx |
/s/ Xxxx X. Xxxxx | |||
| Advanced Micro Devices, Inc. | AMD Fab 36 Holding GmbH | |||
| Xxxxxx X’Xxxxx | Xx. Xxxx-Xxxxxxx Xxxxx | |||
| Corporate Vice President | Managing Director | |||
| Secretary, Chief Governance Officer |
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