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\u169\'3f 2011 Thomson Reuters. No claim to original U.S. Government Works.
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7 Model Agrmts for Corp Couns \u167\'3f 55:7
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Model Agreements for Corporate Counsel
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Current through August 2011 Update
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Part XXI. Joint Venture/Strategic Alliance Agreements
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Chapter 55. Sample Joint Venture/Strategic Alliance Agreements
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\u167\'3f 55:7. Micron Technology joint venture agreement
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Editor\rquote s Note:
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The following form was obtained from the Electronic Data Gathering, Analysis, an
d Retrieval System (EDGAR), which is maintained by the SEC and available on the
Internet at http://www.sec.gov. This form is reproduced here basically as we ret
rieved it from EDGAR. It was filed as Exhibit 10.52 to Form 10-Q, which Micron T
echnology Inc. filed with the SEC on July 8, 2008.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
[*] indicates omitted material.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
JOINT VENTURE AGREEMENT
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
This JOINT VENTURE AGREEMENT, dated this 21st day of April, 2008, is made and en
tered into by and between MICRON SEMICONDUCTOR B.V. (hereinafter \u8220\'3fMNL\u
8221\'3f), a private limited liability company organized under the laws of the N
etherlands and NANYA TECHNOLOGY CORPORATION (Nanya Technology Corporation [Trans
lation from Chinese]) (hereinafter \u8220\'3fNTC\u8221\'3f), a company incorpora
ted under the laws of the Republic of China (\u8220\'3fROC\u8221\'3f or \u8220\'
3fTaiwan\u8221\'3f) (MNL and NTC are each referred to individually as a \u8220\'
3fShareholder,\u8221\'3f and collectively as the \u8220\'3fShareholders\u8221\'3
f).
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b0
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b0 \sb0
RECITALS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
A. Micron Technology, Inc., a Delaware corporation (\u8220\'3fMicron\u8221\'3f),
and NTC have entered into that certain Master Agreement dated as of the date he
reof (the \u8220\'3fMaster Agreement\u8221\'3f) which provides, among other thin
gs, that the Shareholders will enter into a joint venture by contributing equall
y to the capital of a company incorporated in Taiwan so as to enable such compan
y to manufacture and sell Stack DRAM Products exclusively to Micron and NTC.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
B. NTC has formed MeiYa Technology Corporation (MeiYa Technology Corporation [Tr
anslation from Chinese]), a company incorporated under the laws of the ROC (the
\u8220\'3fJoint Venture Company\u8221\'3f), as such joint venture company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
C. The Shareholders are now entering into this Agreement to set forth certain ag
reements regarding the ownership, governance and operation of the Joint Venture
Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally b
ound, do hereby agree as follows:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200

ARTICLE I. DEFINITIONS; INTERPRETATION


\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Definitions.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
1.1. Definitions.In addition to the terms defined elsewhere in this Agreement, c
apitalized terms used in this Agreement shall have the respective meanings set f
orth below:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAccountants\u8221\'3f shall have the meaning set forth in Section 10.2
(c)(ii) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAffiliate\u8221\'3f means, with respect to any specified Person, any o
ther Person that, directly or indirectly, including through one or more intermed
iaries, controls, is controlled by, or is under common control with such specifi
ed Person; and the term \u8220\'3faffiliated\u8221\'3f has a meaning correlative
to the foregoing.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAgreement\u8221\'3f means this Joint Venture Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAnnual Budget\u8221\'3f shall have the meaning set forth in Section 7.
5(b)(ii) of this Agreement.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAnnual Business Plan\u8221\'3f shall have the meaning set forth in Sec
tion 7.5(b)(i) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fAnswer Notice\u8221\'3f shall have the meaning set forth in Section 7.
3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fApplicable Law\u8221\'3f means any applicable laws, statutes, rules, r
egulations, ordinances, orders, codes, arbitration awards, judgments, decrees or
other legal requirements of any Governmental Entity.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fArticles of Incorporation\u8221\'3f means the Articles of Incorporatio
n of the Joint Venture Company in the form and substance as Exhibit A attached t
o the Master Agreement, and as amended from time to time.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBaseline Flow\u8221\'3f shall have the meaning set forth in Section 7.
2(b)(iv) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBoard of Directors\u8221\'3f means the board of directors of the Joint
Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBoundary Conditions\u8221\'3f means, with respect to any fab, a requir
ement that, at any point in time:
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) there shall be [*] qualified Process Nodes in use for the manufacture of Sta
ck DRAM Products; provided that at such fab there also may be [*] unqualified Pr
ocess Node in use for setup, engineering and testing purposes so long as such un
qualified Process Node is not in use for the manufacture of Stack DRAM Products
for eventual resale to end customers of either Micron or NTC;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) such fab shall manufacture Stack DRAM Products with [*] Design IDs for Micr
on; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) such fab shall manufacture Stack DRAM Products with [*] Design IDs for NTC
.
\par
}
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBusiness Day\u8221\'3f means a day that is not a Saturday, Sunday or o
ther day on which commercial banking institutions in either the ROC or the State
of New York are authorized or required by Applicable Law to be closed.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBusiness Plan\u8221\'3f means the Initial Business Plan or any Annual
Business Plan.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBuyout Notice\u8221\'3f shall have the meaning set forth in Section 13
.1(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBuyout Price\u8221\'3f shall have the meaning set forth in Section 12.
3(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fBuyout Shares\u8221\'3f shall have the meaning set forth in Section 13
.1(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fChairman\u8221\'3f means the Chairman of the Board of Directors.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fChange Notice\u8221\'3f shall have the meaning set forth in Section 7.
3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fClosing\u8221\'3f means the remittance of the capital contribution to
the Joint Venture Company as set forth in Section 2.6 of the Master Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fClosing Date\u8221\'3f means the date on which the Closing occurs. For

purposes of this Agreement and the other agreements and instruments referenced
herein, the Closing shall be deemed to have occurred at 11:59 p.m. in Taipei, Ta
iwan on such date.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fCompetitively Sensitive Information\u8221\'3f means any information, i
n whatever form, that has not been made publicly available relating to products
and services that Micron or a Subsidiary of Micron, on the one hand, and NTC or
a Subsidiary of NTC, on the other hand, sells in competition with the other at t
he execution of this Agreement or thereafter, including Stack DRAM Products, to
the extent such information of the Person selling such products and services inc
ludes price or any element of price, customer terms or conditions of sale, selle
r-specific costs, volume of sales, output (but not including the Joint Venture C
ompany\rquote s output), bid terms of the foregoing type and such similar inform
ation as is specifically identified electronically or in writing to the Joint Ve
nture Company by Micron or a Subsidiary of Micron, on the one hand, and NTC or a
Subsidiary of NTC, on the other hand, as competitively sensitive information.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fCompliant Shareholder\u8221\'3f shall have the meaning set forth in Se
ction 13.1(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fConfidentiality Agreement\u8221\'3f shall have the meaning set forth i
n Section 15.13(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fContributing Shareholder\u8221\'3f shall have the meaning set forth in
Section 3.5 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fControl\u8221\'3f (whether or not capitalized) means the power or auth
ority, whether exercised or not, to direct the business, management and policies
of a Person, directly or indirectly, whether through the ownership of voting se
curities, by contract or otherwise, which power or authority shall conclusively

be presumed to exist upon possession of beneficial ownership or power to direct


the vote of [*] of the votes entitled to be cast at a meeting of the members, sh
areholders or other equity holders of such Person or power to control the compos
ition of a majority of the board of directors or like governing body of such Per
son; and the terms \u8220\'3fcontrolling\u8221\'3f and \u8220\'3fcontrolled\u822
1\'3f have meanings correlative to the foregoing.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fCure Period\u8221\'3f shall have the meaning set forth in Section 12.5
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDeadlock\u8221\'3f shall have the meaning set forth in Section 12.1 of
this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDefaulting Shareholder\u8221\'3f shall have the meaning set forth in S
ection 12.4 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDesign ID\u8221\'3f means a part number that is assigned to a unique S
tack DRAM Design of a particular Stack DRAM Product, which may include a number
or letter designating a specific device revision.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDesign SOW\u8221\'3f means [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDivestiture Action\u8221\'3f shall have the meaning set forth in Secti
on 2.4(c)(v) of this Agreement.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fDRAM Product\u8221\'3f means any stand-alone semiconductor device that
is a dynamic random access memory device and that is designed or developed prim
arily for the function of storing data, in die, wafer or package form.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fEquity Interest\u8221\'3f means a Shareholder\rquote s percentage owne
rship of the Shares as determined by dividing the number of Shares owned by such
Shareholder at the time of determination by the total issued and outstanding Sh
ares at the time of determination.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fEvent of Default\u8221\'3f shall have the meaning set forth in Section
12.4 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fExecutive Vice President\u8221\'3f shall have the meaning set forth in
Section 5.5(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fExercise Notice\u8221\'3f shall have the meaning set forth in Section
12.6(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fFab Lease\u8221\'3f means that certain Lease and License Agreement bet
ween NTC, as landlord, and the Joint Venture Company, as tenant, referred to on
Schedule 2.3 of the Master Agreement Disclosure Letter.
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fFair Value\u8221\'3f means (i) if it is after the Listing of the Joint
Venture Company, the [*] of the Shares immediately prior to the date of the Exe
rcise Notice or the Buyout Notice, as applicable; or (ii) if prior to the Listin
g of the Joint Venture Company, the fair value immediately prior to the date of
the Exercise Notice or Buyout Notice, as applicable, as determined by independen
t appraisers selected as follows: each Shareholder shall appoint one independent
appraiser, which shall be an internationally recognized accounting or investmen
t banking firm, and these two independent appraisers shall mutually select a thi
rd independent appraiser. Each such appraiser shall in good faith conduct its ow
n independent appraisal to determine the fair value of the Shares (ignoring any
applicable minority discounts or effects of illiquidity that may be associated w
ith the Shares of the Joint Venture Company), and [*] that are the closest in va
lue shall be the Fair Value of the Shares.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fFiling\u8221\'3f shall have the meaning set forth in Section 2.4 of th
is Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fFiling Event\u8221\'3f shall have the meaning set forth in Section 2.4
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fFiscal Year\u8221\'3f shall have the meaning set forth in Section 10.1
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fGAAP\u8221\'3f means generally accepted accounting principles, consist
ently applied for all periods at issue.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300


\u8220\'3fGovernmental Entity\u8221\'3f means any governmental authority or enti
ty, including any agency, board, bureau, commission, court, municipality, depart
ment, subdivision or instrumentality thereof, or any arbitrator or arbitration p
anel.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fICDR\u8221\'3f means the International Centre for Dispute Resolution o
f the American Arbitration Association.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fImaging Product\u8221\'3f means any (i) semiconductor device having a
plurality of photo elements (e.g., photodiodes, photogates, etc.) for converting
impinging light into an electrical representation of the information in the lig
ht, (ii) image processor or other semiconductor device for balancing, correcting
, manipulating or otherwise processing such electrical representation of the inf
ormation in the impinging light, or (iii) combination of the devices described i
n clauses (i) and (ii).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fInitial Budget\u8221\'3f shall have the meaning set forth in Section 7
.5(a)(iii) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fInitial Business Plan\u8221\'3f shall have the meaning set forth in Se
ction 7.5(a)(i) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fInitial Period\u8221\'3f shall have the meaning set forth in Section 7
.5(a)(i) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fInitiating Shareholder\u8221\'3f shall have the meaning set forth in S
ection 7.3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJDP Agreement\u8221\'3f means that certain Joint Development Program A
greement between NTC and Micron referred to on Schedule 2.1 of the Master Agreem
ent Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJDP Committee\u8221\'3f means the committee formed and operated by Mic
ron and NTC to govern the performance of Micron and NTC under the JDP Agreement
in accordance with the JDP Committee Charter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJDP Committee Charter\u8221\'3f means the charter attached as Schedule
2 to the JDP Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJDP Design\u8221\'3f means any Stack DRAM Design resulting from the re
search and development activities of Micron and NTC pursuant to the JDP Agreemen
t.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJDP Process Node\u8221\'3f means any Primary Process Node or Optimized
Process Node resulting from the research and development activities of Micron a
nd NTC pursuant to the JDP Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

\u8220\'3fJDP Work Product\u8221\'3f means [*].


\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJoint Venture Company\u8221\'3f shall have the meaning set forth in th
e Recitals to this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJoint Venture Documents\u8221\'3f means the Master Agreement and each
of the agreements listed on Schedules 2.1 through 2.5 of the Master Agreement Di
sclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fJoint Venture Reportable Events\u8221\'3f shall have the meaning set f
orth in Section 10.3 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fLeased Fab\u8221\'3f means the Property as that term is defined in the
Fab Lease.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fListing\u8221\'3f shall have the meaning set forth in Section 11.4(a)
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fManufacturing Capacity\u8221\'3f shall have the meaning set forth in S
ection 7.2(b)(iv) of this Agreement.
\par
}
}
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fManufacturing Committee\u8221\'3f shall have the meaning set forth in
Section 7.2(b)(i) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fManufacturing Plan\u8221\'3f shall have the meaning set forth in Secti
on 7.2(c) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fMaster Agreement\u8221\'3f shall have the meaning set forth in the Rec
itals to this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fMaster Agreement Disclosure Letter\u8221\'3f means that certain Master
Agreement Disclosure Letter, between NTC and Micron, dated as of the date hereo
f, containing the Schedules required by the provisions of the Master Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fMicron\u8221\'3f shall have the meaning set forth in the Recitals to t
his Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fMicron Assigned Employee Agreement\u8221\'3f means that certain Micron
Assigned Employee Agreement between Micron and the Joint Venture Company referr
ed to on Schedule 2.4 of the Master Agreement Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
[*]

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fMNL\u8221\'3f shall have the meaning set forth in the preamble to this
Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNAND Flash Memory Product\u8221\'3f means a non-volatile semiconductor
memory device containing memory cells that are electrically programmable and el
ectrically erasable whereby the memory cells consist of one or more transistors
that have a floating gate, charge trapping regions or any other functionally equ
ivalent structure utilizing one or more different charge levels (including binar
y or multi-level cell structures), with or without any on-chip control, I/O and
other support circuitry, in wafer, die or packaged form.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNon-compliant Shareholder\u8221\'3f shall have the meaning set forth i
n Section 13.1(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNon-contributing Shareholder\u8221\'3f shall have the meaning set fort
h in Section 3.5 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNon-Defaulting Shareholder\u8221\'3f shall have the meaning set forth
in Section 12.5 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNotice of Default\u8221\'3f shall have the meaning set forth in Sectio
n 12.5 of this Agreement.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNTC\u8221\'3f shall have the meaning set forth in the preamble to this
Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNTC Assigned Employee Agreement\u8221\'3f means that certain NTC Assig
ned Employee Agreement between NTC and the Joint Venture Company referred to on
Schedule 2.3 of the Master Agreement Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
[*]
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fNT$\u8221\'3f means the lawful currency of the ROC.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fOffered Shares\u8221\'3f means the Shares as defined in Section 9.3(a)
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fOptimized Process Node\u8221\'3f means [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fOption Period\u8221\'3f shall have the meaning set forth in Section 9.
3(b) of this Agreement.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fOther Shareholder\u8221\'3f shall have the meaning set forth in Sectio
n 7.3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fOutput Percentage\u8221\'3f means, with respect to a Shareholder and s
ubject to Sections 7.3(b) and 8.4(d), the percentage as of the [*]; provided, ho
wever, that notwithstanding anything to the contrary in this Agreement, if all o
f the Shares owned by one Shareholder and its Subsidiaries (including its SPV) h
ave been Transferred to the other Shareholder and/or its Affiliates in accordanc
e with Section 3.5, 12.3, 12.6 or 13.1, the Output Percentage of the Shareholder
that Transferred such Shares shall, [*]; and provided further, however, that if
there is a merger or similar transaction involving the Joint Venture Company th
at results in the Shareholders either not owning shares of the survivor or in th
e Shareholders owning shares of the survivor in a relative proportion different
than their relative Equity Interests immediately prior to such transaction, the
Shareholders\rquote Output Percentages shall [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPatent Rights\u8221\'3f means all rights associated with any and all i
ssued and unexpired patents and pending patent applications in any country in th
e world, together with any and all divisionals, continuations, continuations-inpart, reissues, reexaminations, extensions, foreign counterparts or equivalents
of any of the foregoing, wherever and whenever existing.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPermitted Transfer\u8221\'3f shall have the meaning set forth in Secti
on 9.2 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPerson\u8221\'3f means any natural person, corporation, joint stock co
mpany, limited liability company, association, partnership, firm, joint venture,
organization, business, trust, estate or any other entity or organization of an
y kind or character.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPhantom Shares\u8221\'3f shall have the meaning set forth in Section 7
.3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPresident\u8221\'3f shall have the meaning set forth in Section 5.5(a)
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fPrimary Process Node\u8221\'3f means [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fProbe Testing\u8221\'3f means testing, using a wafer test program as s
et forth in the applicable specifications, of a wafer that has completed all pro
cessing steps deemed necessary to complete the creation of the desired Stack DRA
M integrated circuits in the die on such wafer, the purpose of which test is to
determine how many and which of the die meet the applicable criteria for such di
e set forth in the specifications.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fProcess Node\u8221\'3f means [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fProcess Technology\u8221\'3f means that process technology developed b
efore expiration of the Term (as defined in the JDP Agreement) and utilized in t
he manufacture of Stack DRAM wafers, including Probe Testing and technology deve
loped through Product Engineering thereof, regardless of the form in which any o
f the foregoing is stored, but excluding any Patent Rights and any technology, t
rade secrets or know-how that relate to and are used in any back-end operations

(after Probe Testing).


\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fProduct Engineering\u8221\'3f means any one or more of the engineering
activities described on Schedule 7 of the JDP Agreement as applied to Stack DRA
M Products or Stack DRAM Modules
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fProposing Shareholder\u8221\'3f shall have the meaning set forth in Se
ction 12.3(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fReceiving Party\u8221\'3f shall have the meaning set forth in Section
9.3(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fReceiving Shareholder\u8221\'3f shall have the meaning set forth in Se
ction 12.3(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fRegulatory Law\u8221\'3f shall have the meaning set forth in Section 2
.4 of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fReplacement Period\u8221\'3f means, with respect to any Shares Transfe
rred to employees of a Transferring Shareholder or its Wholly-Owned Subsidiary (
or, if MNL is the Transferring Shareholder, to employees of Micron or its Wholly
-Owned Subsidiaries) as contemplated by Section 8.4(b), the period [*].
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fROC\u8221\'3f shall have the meaning set forth in the preamble to this
Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fROC Company Law\u8221\'3f means the Company Law of the ROC, promulgate
d on December 26, 1929, and as last amended on February 3, 2006.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fROC Securities Exchange Law\u8221\'3f means the Securities and Exchang
e Law of the ROC, promulgated on April 30, 1968, and as last amended on May 30,
2006.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSale Offer\u8221\'3f shall have the meaning set forth in Section 9.3(a
) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fShare Acquisition\u8221\'3f shall have the meaning set forth in Sectio
n 7.3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fShare Disposition\u8221\'3f shall have the meaning set forth in Sectio
n 7.3(b) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

\u8220\'3fShareholder\u8221\'3f shall have the meaning set forth in the preamble


to this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fShareholders\rquote Meeting\u8221\'3f or \u8220\'3fShareholders\rquot
e Meetings\u8221\'3f shall have the meaning set forth in Section 6.2 of this Ag
reement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fShares\u8221\'3f means the ordinary shares of the Joint Venture Compan
y, each having a par value of [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSOW\u8221\'3f means a statement of the work that describes research an
d development work to be performed under the JDP Agreement and that has been ado
pted by the JDP Committee pursuant to Section 3.2 of the JDP Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSoftware\u8221\'3f means computer program instruction code, whether in
human readable source code form, machine executable binary form, firmware, scri
pts, interpretive text, or otherwise. The term \u8220\'3fSoftware\u8221\'3f does
not include databases and other information stored in electronic form, other th
an executable instruction codes or source code that is intended to be compiled i
nto executable instruction codes.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSPV\u8221\'3f shall have the meaning set forth in Section 8.4(a) of th
is Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

\u8220\'3fStack DRAM\u8221\'3f means dynamic random access memory cell that func
tions by using a capacitor arrayed predominantly above the semiconductor substra
te.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fStack DRAM Design\u8221\'3f means, with respect to a Stack DRAM Produc
t, the corresponding design components, materials and information listed on Sche
dule 3 of the JDP Agreement or as otherwise determined by the JDP Committee in a
SOW.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fStack DRAM Module\u8221\'3f means one or more Stack DRAM Products in a
JEDEC-compliant package or module (whether as part of a SIMM, DIMM, multi-chip
package, memory card or other memory module or package).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fStack DRAM Product\u8221\'3f means any memory comprising Stack DRAM, w
hether in die or wafer form.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSubsidiary\u8221\'3f means with respect to any specified Person, any o
ther Person that, directly or indirectly, including through one or more intermed
iaries, is controlled by such specified Person.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fSupply Agreement\u8221\'3f means that certain Supply Agreement among N
TC, Micron and the Joint Venture Company referred to on Schedule 2.5 of the Mast
er Agreement Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

\u8220\'3fTaiwan\u8221\'3f shall have the meaning set forth in the preamble to t


his Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTaiwan GAAP\u8221\'3f means GAAP used in the ROC, as in effect from ti
me to time.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTechnology Transfer Agreement\u8221\'3f means that certain Technology
Transfer Agreement among NTC, Micron and the Joint Venture Company referred to o
n Schedule 2.5 of the Master Agreement Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fThird Party\u8221\'3f means any Person other than Micron, NTC, the Joi
nt Venture Company or any of their respective Subsidiaries.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransfer\u8221\'3f shall have the meaning set forth in Section 9.1(a)
of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransfer Notice\u8221\'3f shall have the meaning set forth in Section
9.3(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransfer Period\u8221\'3f shall have the meaning set forth in Section
9.3(d) of this Agreement.
\par
}
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransfer Restriction Period\u8221\'3f shall have the meaning set forth
in Section 9.1(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransferor\u8221\'3f shall have the meaning set forth in Section 9.3(a
) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransferred Technology\u8221\'3f means [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTransferring Shareholder\u8221\'3f shall have the meaning set forth in
Section 8.4(a) of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fTTA 68-50\u8221\'3f means that certain Technology Transfer Agreement f
or 68-50 nm Process Nodes between Micron and the Joint Venture Company referred
to on Schedule 2.4 of the Master Agreement Disclosure Letter.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fU.S. GAAP\u8221\'3f means GAAP used in the United States, as in effect
from time to time.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fVice-Chairman\u8221\'3f means the Vice Chairman of the Board of Direct
ors.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
\u8220\'3fWholly-Owned Subsidiary\u8221\'3f of a Person means a Subsidiary, all
of the shares of stock or other ownership interests of which are owned, directly
or indirectly through one or more intermediaries, by such Person, other than a
nominal number of shares or a nominal amount of other ownership interests issued
in order to comply with requirements that such shares or interests be held by o
ne or more other Persons, including requirements for directors\rquote qualifyin
g shares or interests, requirements to have or maintain two or more stockholders
or equity owners or other similar requirements.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 1.2. Certain Interpretive Matters.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Unless the context requires otherwise, (i) all references to Sections, Artic
les, Exhibits, Appendices or Schedules are to Sections, Articles, Exhibits, Appe
ndices or Schedules of or to this Agreement, (ii) each accounting term not other
wise defined in this Agreement has the meaning commonly applied to it in accorda
nce with Taiwan GAAP, (iii) words in the singular include the plural and vice ve
rsa, (iv) the term \u8220\'3fincluding\u8221\'3f means \u8220\'3fincluding witho
ut limitation,\u8221\'3f and (v) the terms \u8220\'3fherein,\u8221\'3f \u8220\'3
fhereof,\u8221\'3f \u8220\'3fhereunder\u8221\'3f and words of similar import sha
ll mean references to this Agreement as a whole and not to any individual sectio
n or portion hereof. Unless otherwise denoted, all references to \u8220\'3f$\u82
21\'3f or dollar amounts will be to lawful currency of the United States of Amer
ica. All references to \u8220\'3fday\u8221\'3f or \u8220\'3fdays\u8221\'3f mean
calendar days.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) No provision of this Agreement will be interpreted in favor of, or against,
either Shareholder by reason of the extent to which (i) such Shareholder or its
counsel participated in the drafting thereof, or (ii) such provision is inconsis
tent with any prior draft of this Agreement or such provision.
\par
}
}
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1


{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE II. THE JOINT VENTURE COMPANY
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 2.1. General Matters.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Name.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Name.The Joint Venture Company shall be named \u8220\'3fMeiYa Technology Cor
poration\u8221\'3f [Translation from Chinese] in Chinese and \u8220\'3fMeiYa Tec
hnology Corporation\u8221\'3f in English. The Shareholders acknowledge and agree
that the Joint Venture Company shall be continued as a company-limited-by-share
s under the laws of the ROC.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Purpose.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Purpose.The purpose of the Joint Venture Company shall be the manufacturing
and sale of certain Stack DRAM Products exclusively for and to Micron and NTC; a
nd the entry of, or engagement in, any such lawful transactions or activities in
furtherance of the foregoing purpose.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Business Scope.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
(c) Business Scope.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
Subject to amendment by the Shareholders from time to time and any necessary app

roval from the relevant Governmental Entities, the registered business scope of
the Joint Venture Company shall be as set forth in its business license, other i
ncorporation documents and the Articles of Incorporation, all as mutually agreed
upon by the Shareholders.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Principal Place of Business.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Principal Place of Business.The registered address and the principal place o
f business of the Joint Venture Company shall be at 5F, 201-36 Tung Hwa North RD
, Taipei City, Taiwan, ROC. The Board of Directors may change the registered add
ress and the principal place of business of the Joint Venture Company to such ot
her place as the Board of Directors may from time to time determine, and, if nec
essary, the Board of Directors shall cause the Joint Venture Company\rquote s re
gistration documents to be amended in accordance with the requirements of the Ap
plicable Laws so as to effectuate the change in the registered address and the p
rincipal place of business of the Joint Venture Company. The Joint Venture Compa
ny may maintain offices and places of business at such other place or places wit
hin or outside of Taiwan as the Board of Directors may deem to be advisable.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Articles of Incorporation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
2.2. Articles of Incorporation.The Shareholders shall, at or promptly after the
Closing, cause the Joint Venture Company to adopt the Articles of Incorporation
as its articles of incorporation and to file the Articles of Incorporation in ac
cordance with Applicable Laws of the ROC. In case of any conflict or inconsisten
cy between the provisions of the Articles of Incorporation and the terms of this
Agreement, the terms of this Agreement shall prevail as between the Shareholder
s to the extent permitted under the Applicable Laws. The Shareholders shall exer
cise all rights available to them to give effect to the terms of this Agreement
to the extent permissible under the Applicable Laws and to take such reasonable
steps to amend the Articles of Incorporation as soon as practicable to the exten
t necessary to remove any such conflict or inconsistency.
\par
}
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Maintenance of Joint Venture Company.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
2.3. Maintenance of Joint Venture Company.The Shareholders shall cause the Board
of Directors, or officers of the Joint Venture Company, to make or cause to be
made, from time to time, filings and applications to the relevant Governmental E
ntities in the ROC to amend any registration, license or permit of the Joint Ven
ture Company as the Board of Directors reasonably considers necessary or appropr
iate under the Applicable Laws so as to ensure (a) the due incorporation and con
tinuation of the Joint Venture Company as a company-limited-by-shares under the
laws of the ROC and (b) compliance with the terms of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Governmental Approvals.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
2.4. Governmental Approvals.In the event that either Shareholder takes or desire
s to take any action contemplated by this Agreement that could reasonably be exp
ected to result in an event or transaction, including without limitation (i) the
purchase by either Shareholder of Shares pursuant to Section 3.5, 9.3, 12.3, 12
.6 or Article XIII or (ii) the making of a contribution to the capital of the Jo
int Venture Company as contemplated by Section 3.2 or 3.3, which event or transa
ction, as to each of the foregoing, would require either Shareholder to make a f
iling, notification or any other required or requested submission under antitrus
t, competition, foreign investment, company or fair trade law (any such event or
transaction, a \u8220\'3fFiling Event\u8221\'3f and any such filing, notificati
on, or any such other required or requested submission, a \u8220\'3fFiling\u8221
\'3f and any such law, a \u8220\'3fRegulatory Law\u8221\'3f), then:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) the Shareholder taking such action, in addition to complying with any other
applicable notice provisions under this Agreement, shall promptly notify the oth
er Shareholder of such Filing Event, which notification shall include an indicat
ion that Filings under the Regulatory Law will be required;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) notwithstanding any provision to the contrary in this Agreement, a Filing Ev
ent may not occur or close until after any applicable waiting period (including
any extension thereof) under the Regulatory Law, as applicable to such Filing Ev
ent, shall have expired or been terminated, and all approvals under regulatory F
ilings in any jurisdiction that shall be necessary for such Filing Event to occu
r or close shall have been obtained, and any applicable deadline for the occurre
nce or closing of such Filing Event contained in this Agreement shall be delayed
, so long as both Shareholders are proceeding diligently in accordance with this
Section 2.4 to seek any such expiration, termination or approval, and so long a
s there are no other outstanding conditions preventing the occurrence or closing
of the Filing Event;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) the Shareholders shall, and shall cause any of their relevant Affiliates to:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) as promptly as practicable, make their respective Filings under the applicab
le Regulatory Law;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) promptly respond to any requests for additional information from the applic
able Governmental Entity;
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) subject to applicable Regulatory Laws, use commercially reasonable efforts
to cooperate with each other in the preparation of, and coordinate, such Filing
s (including the exchange of drafts between each party\rquote s outside counsel)
so as to reduce the length of any review periods;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iv) subject to applicable Regulatory Laws, cooperate and use their respective c
ommercially reasonable efforts to take, or cause to be taken, all actions and to
do, or cause to be done, all things necessary under Regulatory Law in connectio
n with such Filing Event, including using commercially reasonable efforts to pro
vide information, obtain necessary exemptions, rulings, consents, clearances, au
thorizations, approvals and waivers, and effect necessary registrations and fili
ngs;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(v) subject to applicable Regulatory Laws, use their commercially reasonable eff
orts to (a) take actions that are necessary to prevent the applicable Government
al Entity from filing an action with a court or Governmental Entity that, if the
Governmental Entity prevailed, would restrict, enjoin, prohibit or otherwise pr
event or materially delay the consummation of the Filing Event, including an act
ion by any such Governmental Entity seeking a requirement to (i) sell, license o
r otherwise dispose of, or hold separate and agree to sell or otherwise dispose
of, assets, categories of assets or businesses of either Shareholder, the Joint
Venture Company, or any of their respective Subsidiaries; (ii) terminate existin
g relationships and contractual rights and obligations of either Shareholder, th
e Joint Venture Company or any of their respective Subsidiaries; (iii) terminate
any relevant joint venture or other arrangement; or (iv) effectuate any other c
hange or restructuring of either Shareholder or the Joint Venture Company (as to
each of the foregoing, a \u8220\'3fDivestiture Action\u8221\'3f), and (b) conte
st and resist any action, including any legislative, administrative or judicial
action, and to have vacated, lifted, reversed or overturned any order that restr
icts, enjoins, prohibits or otherwise prevents or materially delays the occurren
ce or closing of such Filing Event; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(vi) subject to applicable Regulatory Laws, prior to the making or submission of
any analysis, appearance, presentation, memorandum, brief, argument, opinion or
proposal by or on behalf of either Shareholder in connection with proceedings u
nder or relating to the applicable Regulatory Law, consult and cooperate with on
e another, and consider in good faith the views of one another, in connection wi
th any such analyses, appearances, presentations, memoranda, briefs, arguments,
opinions and proposals, and provide one another with copies of all material comm
unications from and filings with, any Governmental Entities in connection with a
ny Filing Event;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(d) notwithstanding anything to the contrary in this Section 2.4, nothing in thi
s Section 2.4 shall require either Shareholder or its respective Affiliates, or
the Joint Venture Company, to take any Divestiture Action; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(e) if the Filing Event is prevented from occurring or closing as a result of an
y applicable Regulatory Laws, after exhausting all efforts required under this S
ection 2.4 to obtain the necessary approval of any applicable Governmental Entit
y, then the Shareholders shall negotiate in good faith to agree upon an alternat
ive event or transaction that would be permissible under applicable Regulatory L
aws, and would approximate, as closely as possible, the intent and contemplated
effect of the original Filing Event.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE III. CAPITALIZATION; CONTRIBUTION OF CAPITAL
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Authorized Capital.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0

Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
3.1. Authorized Capital.The Joint Venture Company shall have an initial authoriz
ed capital of [*] divided into [*] Shares. In accordance with Section 6.5, the a
uthorized capital may be amended from time to time by the Shareholders, as may b
e necessary or desirable to consummate the transactions contemplated herein and
in accordance with the Applicable Laws of the ROC.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 3.2. Capital Contributions at or Prior to the Closing.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) In connection with the formation of the Joint Venture Company, NTC shall hav
e contributed to the Company, prior to the Closing, NT$1,000,000 as an initial c
ontribution to the capital of the Joint Venture Company for the subscription of
one hundred thousand (100,000) Shares.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) Pursuant to the Master Agreement and subject to the terms and conditions the
reof, at the Closing, NTC shall contribute to the Joint Venture Company, through
the subscription of one hundred nineteen million nine hundred thousand (119,900
,000) Shares, NT$1,199,000,000. Pursuant to the Master Agreement and subject to
the terms and conditions thereof, at the Closing, MNL shall contribute to the Jo
int Venture Company, through the subscription of one hundred twenty million (120
,000,000) Shares, NT$1,200,000,000.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Additional Capital Contributions.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}

}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
3.3. Additional Capital Contributions.In addition to the capital contributions r
eferred to in Section 3.2, each of MNL and NTC commits to making, on or prior to
December 31, 2009, additional capital contributions of the NT$ equivalent (roun
ded down to the nearest NT$10,000) of $510 million each, for total capital contr
ibutions by each Shareholder to the Joint Venture Company of $550 million. The t
iming of the capital increase by the Joint Venture Company and the injection of
additional capital by the Shareholders under this Section 3.3, including the per
Share purchase price with respect to the purchase of Shares at each capital inc
rease, shall be mutually agreed by the Shareholders and approved by the Board of
Directors, as appropriate; provided, that, the timing of the completion of the
capital contributions by the Shareholders as contemplated under this Section 3.3
shall in no event be later than December 31, 2009.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 3.4. Further Capital Contributions.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
No Further Obligation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) No Further Obligation.Unless otherwise agreed by the Shareholders in writing
, neither Shareholder shall be obligated to make any further contribution of cap
ital to the Joint Venture Company beyond those contemplated by Section 3.2 and S
ection 3.3.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Future Cash Requirements.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Future Cash Requirements.To the extent possible, in addition to the use of p
roceeds from the subscription of any Shares, all future cash requirements of the
Joint Venture Company shall be satisfied first from cash flow generated by oper
ations of the Joint Venture Company and second from financing that the Joint Ven
ture Company may procure pursuant to Article IV of this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1

{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200


Section 3.5. Failure of a Shareholder to Contribute Capital.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Put or Call Rights.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Put or Call Rights.In the event that a Shareholder (for purpose of this Sect
ion 3.5, the \u8220\'3fNon-contributing Shareholder\u8221\'3f) fails to contribu
te to the capital of the Joint Venture Company as contemplated by Section 3.2 an
d 3.3, the other Shareholder (for purpose of this Section 3.5, the \u8220\'3fCon
tributing Shareholder\u8221\'3f) shall have the right, but not the obligation, b
y written notice to the Non-contributing Shareholder, to require the Non-contrib
uting Shareholder to:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) [*]; or
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(b) Completion of Put/Call.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) The Shareholders shall in good faith complete the sale or purchase transacti
on contemplated under Section 3.5(a) as soon as practicable, but in no event lat
er than [*] days after delivery of the notice by the Contributing Shareholder.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 3.6. Miscellaneous Capital Provision.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
No Interest.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) No Interest.No interest shall be payable to a Shareholder on its capital con
tributions to the Joint Venture Company. Except through a reduction of capital o
r upon dissolution of the Joint Venture Company, a Shareholder shall not be enti
tled to withdraw or the return of any of its capital contributions.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE IV. BANK LOANS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
If the Board of Directors shall at any time determine that there is a need for t
he Joint Venture Company to obtain external financing, the Shareholders will ass
ist the Joint Venture Company to seek and obtain commercial loans or other finan
cing arrangements from banks and other financial institutions on competitive mar
ket terms and otherwise as the Joint Venture Company may reasonably require; pro

vided, however, that any such loans from external sources shall be secured only
by the assets of the Joint Venture Company and repaid from the cash flow of the
Joint Venture Company. None of the Shareholders (or any of their representatives
) shall be obligated under this Agreement or otherwise to provide any guarantee
or security for any such loans in favor of the Joint Venture Company, unless spe
cifically agreed in writing by such Shareholder (or its duly authorized represen
tative). The Shareholders shall cause the Joint Venture Company to use commercia
lly reasonable efforts, from and after the Closing, to obtain [*] in commercial
loans to be used in accordance with the Initial Business Plan.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE V. MANAGEMENT OF THE JOINT VENTURE COMPANY
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 5.1. Board of Directors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Power and Authority.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Power and Authority.The Board of Directors shall be responsible for the over
all management of the business, affairs and operations of the Joint Venture Comp
any. The Board of Directors shall have all the rights and powers given to it und
er the Articles of Incorporation and the Applicable Laws of the ROC, including w
ithout limitation, the ROC Company Law.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Number of Directors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Number of Directors.The Articles of Incorporation shall provide for the Join
t Venture Company to have a Board of Directors consisting of [*] directors. The
directors shall be designated and elected as follows:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \cf19 \f2 \b0


}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) MNL shall be entitled to designate a number of Persons as its representative
s to be elected as directors of the Joint Venture Company equal to [*]; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) NTC shall be entitled to designate a number of Persons as its representativ
es to be elected as directors of the Joint Venture Company equal to [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(c) Agreement to Vote.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) The Shareholders agree to vote, in any meeting of the shareholders where dir
ectors are elected, in a coordinated manner, to elect all of the Persons designa
ted by the Shareholders in accordance with Section 5.1(b) above, which shall [*]
. As soon as practicable after the Closing, the Shareholders shall elect the [*]
.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) If for any reason the Shareholders shall be unable to elect [*] Persons to
be their representatives to serve as directors pursuant to Section 5.1(b), the S
hareholders shall vote, in a coordinated manner, to elect as many of such Person
s as possible. The number of Persons so elected shall be allocated between the S
hareholders as follows:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

(A) MNL shall be entitled to designate a number of Persons to be so elected that


is equal to [*]; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(B) NTC shall be entitled to designate a number of Persons to be so elected that
is equal to [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) Notwithstanding Section 5.1(c)(ii) above, if [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Removal and Replacement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Removal and Replacement.Any of the representatives serving as directors on t
he Board of Directors may be removed or replaced for any reason by the Sharehold
er that designated him or her. If any such representative serving on the Board o
f Directors is so removed or replaced or otherwise ceases to serve as a director
on the Board of Directors, the Shareholder that designated such representative
shall be entitled to designate another Person to fill such vacancy.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Compensation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(e) Compensation.The directors, except for the independent directors, if any, sh
all not receive any compensation for serving as such, although the Board of Dire
ctors may authorize the reimbursement of expenses reasonably incurred in connect
ion with the performance of their duties.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(f) Meetings of the Board of Directors; Notice.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) The Board of Directors shall meet from time to time but at least once per fi
scal quarter in Taiwan (or such other place as the Board of Directors may decide
) by not less than ten (10) days notice in writing. Emergency meetings of the Bo
ard of Directors may be convened from time to time by the Chairman, or the ViceChairman pursuant to Section 5.2(c), by not less than three (3) days notice in w
riting.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) A notice of a meeting of the Board of Directors shall contain the time, dat
e, location and agenda for such meeting. The presence of any director at a meeti
ng (including attendance by means of video conference) shall constitute a waiver
of notice of the meeting with respect to such director.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) The Board of Directors shall cause written minutes to be prepared of all a
ctions, determinations and resolutions taken by the Board of Directors and a cop
y thereof sent to each director and supervisor of the Joint Venture Company with
in twenty (20) days of each meeting.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Proxy and Video Conference.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
(g) Proxy and Video Conference.In any case where a director cannot attend a meet

ing of the Board of Directors, that director may appoint another director as his
or her proxy in accordance with the ROC Company Law.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
All or any of the directors may participate in a meeting of the Board of Directo
rs by means of a video conference which allows all persons participating in the
meeting to see and hear each other. A director so participating shall be deemed
to be present in person at the meeting and shall be entitled to vote or be count
ed in a quorum accordingly.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Quorum.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(h) Quorum.The presence of at least [*] of the directors in office (including at
least [*] directors (or with respect to a Shareholder that only appoints [*], t
hat [*]) appointed by each of the Shareholders), in person, by proxy or by video
conference, shall be necessary and sufficient to constitute a quorum for the pu
rpose of taking action by the directors at any meeting of the Board of Directors
. No action taken by the Board of Directors at any meeting shall be valid unless
the requisite quorum is present.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Voting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) Voting.Unless a higher majority of votes is specifically required under the
ROC Company Law or the Articles of Incorporation, all actions, determinations or
resolutions of the Board of Directors shall require the affirmative vote of a [
*] majority of the directors present at any meeting of the Board of Directors at
which a quorum is present.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Matters Requiring the Approval of the Board of Directors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100

(j) Matters Requiring the Approval of the Board of Directors.Each of the followi
ng actions shall require the approval of the Board of Directors by resolution ad
opted in accordance with Section 5.1(i) above (which approval may be obtained th
rough the adoption of a Business Plan by the Board of Directors in accordance wi
th Section 7.5, provided, that the relevant Business Plan sets forth such action
in reasonable detail):
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) appointing or removing the Chairman or Vice Chairman of the Board of Directo
rs and appointing or removing the President, the Executive Vice President or any
Vice Presidents of the Joint Venture Company;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) approving or amending any Business Plan;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) issuing new Shares within the authorized capital of the Joint Venture Comp
any;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iv) determining long-term policies of the Joint Venture Company including subst
antial change in the organizational structure and business operation of the Join
t Venture Company;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

(v) determining employment terms, including compensation packages, of the Presid


ent, the Executive Vice President and any Vice Presidents of the Joint Venture C
ompany;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(vi) adopting or making any material changes to any employee benefit plan, inclu
ding any incentive compensation plan;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(vii) entering into or amending any collective bargaining arrangements or waivin
g any material provision or requirement thereof;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(viii) establishing Subsidiaries, opening and closing branch offices, acquiring
or selling any equity interests in another Person, establishing new business sit
es and closing of existing ones;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ix) setting the limits of authorities of various executive positions and approv
ing the internal chart of authorities;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(x) making capital expenditures (or a group of related capital expenditures) in
an amount equal to or greater than [*] individually or [*] in the aggregate in a
ny one fiscal quarter;

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xi) borrowing or lending to, or guaranteeing the obligations of, any Third Part
y;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xii) preparing and submitting the financial statements to the shareholders of t
he Joint Venture Company for their approval;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xiii) pledging or hypothecating, or creating any encumbrance or other security
interest in, the Joint Venture Company\rquote s assets;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xiv) entering into an agreement for the purchase, transfer, sale or any other d
isposal of assets valued at an amount greater than [*];
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xv) entering into, amending or terminating any material agreement relating to i
ntellectual property rights or know how;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \cf19 \f2 \b0


}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xvi) establishing, modifying or eliminating any significant accounting or tax p
olicy, procedure or principle;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xvii) commencing or settling any litigation, except routine employment litigati
on matters;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xviii) redeeming or repurchasing Shares;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xix) selecting, appointing and replacing attorneys, accountants, auditors and f
inancial advisors for the Joint Venture Company or any of its Subsidiaries;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xx) preparing and submitting proposals for surplus earning distributions and lo
ss offset to the shareholders of the Joint Venture Company for approval;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxi) making any material purchase, sale or lease (as lessor or lessee) of any r
eal property;

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxii) making any public announcement by the Joint Venture Company or any Subsid
iary of the Joint Venture Company of any material non-public information;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxiii) making any filing with, public comments to or negotiation or discussion
with, any Governmental Entity (excluding regular operating filings and other rou
tine administrative matters);
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxiv) establishing, overseeing and modifying the investment policies of the Joi
nt Venture Company with respect to funds held by the Joint Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxv) (i) voluntarily commencing or determining not to contest in a timely and a
ppropriate manner any involuntary proceeding or filing any petition seeking reli
ef under bankruptcy, insolvency, receivership or similar laws, (ii) applying for
or consenting to the appointment of a receiver, trustee, custodian, conservator
or similar official for the Joint Venture Company or any Subsidiary of the Join
t Venture Company, or for a substantial part of their property or assets, (iii)
filing an answer admitting the material allegations of a petition filed against
the Joint Venture Company or any Subsidiary of the Joint Venture Company in any
proceeding described above, (iv) consenting to any order for relief issued with
respect to any proceeding described in this subsection (xxv), (v) making a gener
al assignment for the benefit of creditors, or (vi) admitting in writing the Joi
nt Venture Company\rquote s inability, or the failure of the Joint Venture Compa
ny or of any Subsidiary of the Joint Venture Company generally, to pay its debts
as they become due or taking any action for the purpose of effecting any of the
foregoing;
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxvi) submitting any matters to the shareholders of the Joint Venture Company f
or consideration or approval as may be required by law; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(xxvii) deciding other important matters related to the Joint Venture Company th
at arise other than in the ordinary course of business.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 5.2. Chairman and Vice-Chairman.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Chairman.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Chairman.The Chairman of the Board of Directors shall be a director designat
ed by NTC, subject to the consent of MNL, which consent shall not be unreasonabl
y withheld (unless MNL has the right to appoint more directors than NTC, in whic
h case, MNL shall make the designation, subject to the consent of NTC, which con
sent shall not be unreasonably withheld). The Chairman shall have such duties an
d responsibilities as may be assigned to him or her by the Board of Directors. T
he Chairman shall not have a second or casting vote.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Vice-Chairman.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
(b) Vice-Chairman.The Vice-Chairman of the Board of Directors shall be a directo

r designated by the Shareholder that does not have the right to designate the Ch
airman, subject to the consent of the other Shareholder, which consent shall not
be unreasonably withheld.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
The Vice-Chairman shall not have a second or casting vote.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Convening of the Board of Directors Meeting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Convening of the Board of Directors Meeting.Meetings of the Board of Directo
rs shall be convened by the Chairman. Each director of the Joint Venture Company
shall have the right to request the Chairman to convene a meeting of the Board
of Directors indicating the proposed agenda. If the Chairman does not, within on
e week (or within three (3) days for convening an emergency meeting of the Board
of Directors), comply with such director\rquote s request, the Vice-Chairman sh
all have the right to convene the meeting of the Board of Directors as requested
by such director.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 5.3. Supervisors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Number of Supervisors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Number of Supervisors.The Articles of Incorporation shall provide for the Jo
int Venture Company to have [*] supervisors. Each Shareholder shall be entitled
to designate [*] to be elected as a supervisor of the Joint Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Agreement to Vote.
\par
}
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Agreement to Vote.The Shareholders agree to vote, in any meeting of the shar
eholders where supervisors are elected, in a coordinated manner, to elect all of
the Persons designated by the Shareholders in accordance with Section 5.3(a) ab
ove. As soon as practicable after the Closing, the Shareholders shall elect the
[*] designated by MNL, and the [*] designated by NTC, to serve as supervisors of
the Joint Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Removal and Replacement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Removal and Replacement.Any of the supervisors may be removed or replaced fo
r any reason by the Shareholder that designated him or her. If any supervisor is
so removed or replaced or otherwise ceases to serve as a supervisor, the Shareh
older that designated such supervisor shall be entitled to designate another Per
son to fill such vacancy.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Compensation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Compensation.The supervisors, except for the independent supervisors, if any
, shall not receive any compensation for serving as such, although the Board of
Directors may authorize the reimbursement of expenses reasonably incurred in con
nection with the performance of their duties.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Restriction on Employment.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(e) Restriction on Employment.The supervisors shall not be concurrently employed
by the Joint Venture Company in any other capacity.
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Independent Directors and Independent Supervisors.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
5.4. Independent Directors and Independent Supervisors.To the extent that indepe
ndent directors and independent supervisors are required under the Applicable La
ws of the ROC, the Shareholders shall elect such minimum number of independent d
irectors and independent supervisors as required. Such independent directors and
independent supervisors shall be nominated [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 5.5. President and Executive Vice President.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
President.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) President.The Articles of Incorporation shall provide for the Joint Venture
Company to have a president (the \u8220\'3fPresident\u8221\'3f), who shall repor
t to the Board of Directors and serve at its pleasure. The President shall have
such daily operation and management responsibilities of the Joint Venture Compan
y as may be assigned or delegated by the Board of Directors from time to time. [
*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Executive Vice President.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Executive Vice President.The Articles of Incorporation shall provide for the

Joint Venture Company to have an executive vice president (the \u8220\'3fExecut


ive Vice President\u8221\'3f), who shall also report to the Board of Directors a
nd serve at its pleasure. The Executive Vice President shall work with and assis
t the President in executing the daily operation and management responsibilities
of the Joint Venture Company and shall have such other responsibilities as may
be assigned or delegated by the Board of Directors from time to time. [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Termination and Vacancy.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Termination and Vacancy.The Board of Directors shall have the exclusive righ
t to terminate the services of the President and the Executive Vice President wi
th or without cause. In the event of any such termination or in the event of any
vacancy as a result of death, resignation, retirement or any other reason, the
Shareholder that nominated the President or the Executive Vice President, as the
case may be, shall be entitled to nominate another Person, subject to the same
consent requirement set forth in Sections 5.5(a) or (b) above, as the case may b
e, to fill such vacancy for appointment by the Board of Directors.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Work as a Team.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Work as a Team.The President and the Executive Vice President shall work as
a team in executing their duties and responsibilities.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Other Officers.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100

5.6. Other Officers.The President and the Executive Vice President may appoint,
subject to the approval of the Board of Directors, and be assisted by such other
officers of the Joint Venture Company as the President and the Executive Vice P
resident may consider necessary or desirable from time to time. Such other offic
ers shall perform such duties and have such powers specifically delegated to the
m by the Board of Directors from time to time. The Board of Directors shall dete
rmine, from time to time, the compensation, including any incentive compensation
, for which such officers may be offered. The Board of Directors may, from time
to time, also appoint, and assign titles to, other officers of the Joint Venture
Company, and delegate to such officers such authorities and duties as the Board
of Directors may deem advisable.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE VI. SHAREHOLDERS\rquote MEETINGS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Annual Meeting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
6.1. Annual Meeting.The annual meetings of the shareholders of the Joint Venture
Company shall be convened at least once annually by not less than twenty (20) d
ays prior notice in writing accompanied by an agenda specifying the business to
be transacted.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Special Meeting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
6.2. Special Meeting.Special meetings of the shareholders of the Joint Venture C
ompany may be held from time to time and shall be convened by the Board of Direc
tors by not less than ten (10) days prior notice in writing accompanied by an ag

enda specifying the business to be transacted. (Any annual meetings of the share
holders and any special meetings of the shareholders shall individually be refer
red to as a \u8220\'3fShareholders\rquote Meeting\u8221\'3f and collectively be
referred to as \u8220\'3fShareholders\rquote Meetings.\u8221\'3f)
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Quorum.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
6.3. Quorum.Unless a higher quorum is required under the Applicable Laws, the pr
esence of the shareholders of the Joint Venture Company representing [*] or more
of the issued and outstanding Shares of the Joint Venture Company shall be nece
ssary and sufficient to constitute a quorum for the purpose of taking action at
any Shareholders\rquote Meeting of the Joint Venture Company. No action taken a
t a Shareholders\rquote Meeting shall be valid unless the requisite quorum is p
resent.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Voting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
6.4. Voting.Each Share shall entitle its holder to one vote. Unless a higher vot
e is required under the Applicable Laws, all actions, determinations or resoluti
ons of the shareholders at any Shareholders\rquote Meeting of the Joint Venture
Company shall require the affirmative vote of [*] or more of the votes represen
ted in person or by proxy at the Shareholders\rquote Meeting at which a quorum
is present.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400

Matters Requiring the Approval of the Shareholders.


\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
6.5. Matters Requiring the Approval of the Shareholders.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
Each of the following actions shall require the approval of the shareholders of
the Joint Venture Company by resolution adopted in accordance with Section 6.4 a
bove:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) amending, restating or revoking the Articles of Incorporation;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) electing or removing the directors or the supervisors;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) approving the balance sheet and other financial statements received from the
Board of Directors;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(d) approval of surplus earning distribution or loss offset proposals;
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(e) any merger, consolidation or other business combination to which the Joint V
enture Company is a party, or any other transaction to which the Joint Venture C
ompany is a party (other than where the Joint Venture Company is merged or combi
ned with or consolidated into a Wholly-Owned Subsidiary of the Joint Venture Com
pany), resulting in (i) a change of control of the Joint Venture Company, other
than a change of control that may occur pursuant to Section 3.5, 9.3, 12.3, 12.6
or 13.1 or (ii) the sale of all or substantially all assets of the Joint Ventur
e Company;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(f) liquidation or dissolution of the Joint Venture Company; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(g) other actions reserved to the determination of the shareholders of the Joint
Venture Company by the ROC Company Law.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE VII. OPERATIONS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 7.1. Manufacturing Facility; Fab Equipment.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Fab Equipment.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100


(a) Fab Equipment.Subject to the mutual agreement of the Shareholders, the Joint
Venture Company may purchase, at fair market value, NTC\rquote s idle equipment
that is suitable for use in connection with the manufacturing of Stack DRAM Pro
ducts in the Leased Fab.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Upgrade and Enhancements.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Upgrade and Enhancements.[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 7.2. Manufacturing Operations.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Front-End Manufacturing Operations.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Front-End Manufacturing Operations.The Joint Venture Company\rquote s frontend manufacturing operations will utilize the Transferred Technology, JDP Design
s, JDP Process Nodes and JDP Work Product, and operate, at all times, within the
Boundary Conditions, and in a manner consistent with the process of records and
model of records in the Transferred Technology, JDP Designs, JDP Work Product a
nd JDP Process Nodes, as any of the foregoing is transferred to the Joint Ventur
e Company pursuant to the TTA 68-50 or the Technology Transfer Agreement. The Sh
areholders shall cause the Joint Venture Company not to operate outside of the p
rocesses of records and models of records so transferred. Unless both Shareholde
rs agree otherwise, [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(b) Manufacturing Committee.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) The Shareholders shall jointly establish a manufacturing committee (the \u82
20\'3fManufacturing Committee\u8221\'3f) of the Joint Venture Company, [*]. The
members of the Manufacturing Committee shall serve at the pleasure of the Shareh
older appointing them and may be removed from the Manufacturing Committee and re
placed by such Shareholder at any time with or without cause.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) NTC\rquote s members of the Manufacturing Committee shall generally be empl
oyees of NTC, and MNL\rquote s members of the Manufacturing Committee shall gene
rally be employees of Micron, in each case who are responsible for product loadi
ng and planning decisions and who can coordinate the loading of product at the J
oint Venture Company level.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) The Manufacturing Committee shall be responsible for [*]. In reaching such
decisions, the Manufacturing Committee may take advice and input from such sour
ces as it deems appropriate.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iv) In the event that the members of the Manufacturing Committee cannot agree o
n product loading decisions, then the Manufacturing Committee will permit, with
respect to each Process Node, [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(v) On a quarterly basis, or as otherwise determined by the Manufacturing Commit
tee, the Manufacturing Committee shall determine the Baseline Flow and calculate
[*] available for each Process Node for allocation at each fab of the Joint Ven
ture Company to each of Micron and NTC based on, [*]. The Manufacturing Committe
e shall develop the loading plan for wafer starts at each fab of the Joint Ventu

re Company for any given week based on the available Manufacturing Capacity for
such fab for such week, so that Micron shall receive a share of Manufacturing Ca
pacity for such week based on MNL\rquote s Output Percentage and NTC shall recei
ve a share of Manufacturing Capacity for such week based on its Output Percentag
e.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(vi) Requests of Micron and NTC for products or product mixes different from the
pre planned Baseline Flow with respect to a fab shall be honored, except to the
extent honoring such request would lead to wafer starts for the non-Baseline Fl
ow products at such fab resulting in Micron or NTC receiving more than the Manuf
acturing Capacity allocated to such Person under the current Baseline Flow for s
uch fab. To the extent that both Micron and NTC request changes in products or p
roduct mixes at a given fab that result in [*], the Manufacturing Committee shal
l re-determine the allocation of Manufacturing Capacity based on [*], which shal
l then be the basis for its loading plans with respect to such fab.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(vii) The Shareholders shall cause the Joint Venture Company to ensure that Manu
facturing Capacity at each fab is allocated as provided for in this Section 7.2.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(viii) The Manufacturing Committee shall meet at such times as may be helpful or
necessary for the efficient operation of the Company but in no event less than
monthly. The Manufacturing Committee shall provide an annual report to the Joint
Venture Company for use in a Business Plan and the Manufacturing Plan.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Manufacturing Plan.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100

(c) Manufacturing Plan.The Joint Venture Company shall prepare an annual manufac
turing plan (the \u8220\'3fManufacturing Plan\u8221\'3f) under the direction of
the President, with input from the Executive Vice President, the Shareholders an
d the Manufacturing Committee or such other persons or committees charged with s
uch responsibility from time to time by the Shareholders. The Manufacturing Plan
shall seek to optimize the efficiency and output of the Joint Venture Company a
nd shall be updated monthly by the Manufacturing Committee. The Manufacturing Pl
an shall address various manufacturing issues, including without limitation, the
Stack DRAM Products to be manufactured, priority of wafer starts and weekly out
put.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 7.3. Output Rights and Obligations.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Supply Agreement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Supply Agreement.As contemplated by the Master Agreement, Micron and NTC wil
l enter into the Supply Agreement with the Joint Venture Company, which Supply A
greement shall provide for the right and obligation of each Shareholder to purch
ase its Output Percentage of the Stack DRAM Products of the Joint Venture Compan
y. No amendment or modification of the terms or conditions of the Supply Agreeme
nt shall be made without prior written notice to and the prior written consent o
f NTC and Micron.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Output Percentage.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
(b) Output Percentage.As of the Closing, each Shareholder\rquote s Output Percen
tage shall be [*]. After the Closing, each time a Shareholder (A) transfers, sel
ls or otherwise disposes of Shares (a \u8220\'3fShare Disposition\u8221\'3f) (it
being agreed that any Shares Transferred to employees of a Transferring Shareho
lder or its Wholly-Owned Subsidiary (or, if MNL is the Transferring Shareholder,
to employees of Micron or its Wholly-Owned Subsidiaries) as contemplated by Sec
tion 8.4(b) that are not replaced during the Replacement Period through purchase
s as contemplated by the last sentence of Section 8.4(d) shall be deemed to have
been disposed of in a Share Disposition on, and only as of, the last day of the
Replacement Period) or (B) purchases, acquires or otherwise receives (other tha
n purchases during the Replacement Period contemplated by the last sentence of S

ection 8.4(d) and purchases contemplated by Section 8.4(e)), without violation o


f this Agreement, Shares (a \u8220\'3fShare Acquisition\u8221\'3f), the Sharehol
der that is participating in such transaction (the \u8220\'3fInitiating Sharehol
der\u8221\'3f) shall, contemporaneously with the occurrence of such transaction,
provide written notice thereof (the \u8220\'3fChange Notice\u8221\'3f) to the o
ther Shareholder (the \u8220\'3fOther Shareholder\u8221\'3f), which notice shall
specify, in the case of a Share Disposition, the number of Shares transferred,
sold and disposed of, or, in the case of a Share Acquisition, the number of Shar
es purchased, acquired or otherwise received, by the Initiating Shareholder.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
In the case of a Share Disposition, the Other Shareholder shall have [*] days fr
om the delivery of the Change Notice to determine (which determination shall be
effectuated by delivering written notice (an \u8220\'3fAnswer Notice\u8221\'3f)
to the Initiating Shareholder) whether the Other Shareholder\rquote s Output Per
centage should increase, which increase shall take effect on the date that is [*
] days following the delivery of such Answer Notice. In the case of a Share Acqu
isition, the Initiating Shareholder shall have [*] days from the delivery of the
Change Notice to determine (which determination shall be effectuated by deliver
ing written notice (also an \u8220\'3fAnswer Notice\u8221\'3f) to the Other Shar
eholder) whether the Initiating Shareholder\rquote s Output Percentage should in
crease, which increase shall take effect on the date that is [*] days following
the delivery of such Answer Notice. If the determination is so made that a Share
holder\rquote s Output Percentage should not increase, then, for purposes of thi
s Section 7.3 only (X) in the case of a Share Disposition, the Initiating Shareh
older shall be deemed, for purposes of this Section 7.3 only, to continue to own
the number of Shares transferred, sold or otherwise disposed of in the Share Di
sposition (such deemed Shares being referred to as \u8220\'3fPhantom Shares\u822
1\'3f) and (Y) in the case of a Share Acquisition, the Other Shareholder shall b
e deemed, for purposes of this Section 7.3 only, to own such number of Shares as
is necessary so that its Output Percentage will not change as a result of the S
hare Acquisition (such deemed Shares also being referred to as \u8220\'3fPhantom
Shares\u8221\'3f). Notwithstanding anything to the contrary in this Section 7.3
(b), the Shareholders shall not be required to give a Change Notice or otherwise
comply with the procedures in this Section 7.3(b) if there are Share Dispositio
ns or Share Acquisitions by both Shareholders that occur contemporaneously with
respect to which, if both Initiating Shareholders gave Change Notices and both S
hareholders giving an Answer Notice elected to increase a Shareholder\rquote s O
utput Percentage as a result thereof, no change in the Shareholders\rquote Outp
ut Percentages would occur.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Marketing and Sales.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
7.4. Marketing and Sales.With respect to Stack DRAM Products purchased from the
Joint Venture Company, each of Micron and NTC shall be free to compete against e

ach other, anywhere in the world and with any customers, using its own marketing
and sales channels and personnel. The Shareholders agree that appropriate safeg
uards shall be put in place by each Shareholder, and the Shareholders shall caus
e the Joint Venture Company to put in place such safeguards, to ensure complianc
e with all applicable competition or anti-trust laws.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 7.5. Business Plans and Budgets.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(a) Initial Business Plan; Initial Budget.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) As contemplated by the Master Agreement, the Shareholders shall work in good
faith to prepare, at or prior to the Closing, a mutually acceptable initial bus
iness plan covering the operations and business planning of the Joint Venture Co
mpany (\u8220\'3fInitial Business Plan\u8221\'3f) from the commencement of the b
usiness of the Joint Venture Company until [*] (such period, the \u8220\'3fIniti
al Period\u8221\'3f).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) The Initial Business Plan shall cover [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) The Initial Business Plan shall include an initial budget (\u8220\'3fIniti
al Budget\u8221\'3f) which shall cover [*] of the Joint Venture Company to be ma
de during the Initial Period and the capital contributions, if any, required by
this Agreement to be made by the Shareholders during the Initial Period.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \cf19 \f2 \b0


}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iv) At least [*] days before the beginning of the second Fiscal Year of the Ini
tial Period, the Board of Directors on its own initiative, or at a Shareholder\r
quote s request, shall (in consultation with the President and the Executive Vic
e President) review the Initial Business Plan and determine whether any amendmen
t thereto is necessary or appropriate. Upon a determination by the Board of Dire
ctors that an amendment to the Initial Business Plan is necessary or appropriate
, the Board of Directors may approve such amendment and the President and the Ex
ecutive Vice President shall thereupon implement such amendment to the Initial B
usiness Plan.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(v) Except pursuant to Section 7.5(a)(iv) above, the Initial Business Plan shall
not be amended, updated, modified or superseded without the written consent of
the Shareholders.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(b) Annual Business Plan; Annual Budget.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) For each Fiscal Year after the end of the Initial Period, the President shal
l, in consultation with the Executive Vice President and with input from the Man
ufacturing Committee or such other relevant Persons or committees charged by the
Shareholders with responsibility for such matters from time to time, prepare an
d submit to the Board of Directors for approval, an annual business plan (the \u
8220\'3fAnnual Business Plan\u8221\'3f) at least [*] days prior to the beginning
of the next Fiscal Year.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) The Annual Business Plan shall include an annual budget (\u8220\'3fAnnual B
udget\u8221\'3f) which shall cover [*] of the Joint Venture Company to be made d
uring the period covered by the Annual Budget and the capital contributions, if
any, required to be made by the Shareholders during such period.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) The Annual Business Plan, including the Annual Budget, shall not be amende
d, updated, modified or superseded without the approval of the Board of Director
s.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Transition Supply Obligation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Transition Supply Obligation.With respect to a Share Disposition of all (but
not less than all) of the Shares then owned by a Shareholder as contemplated un
der Sections 12.3, 12.6 and 13.1, the Shareholder that remains a Shareholder of
the Joint Venture Company after such Share Disposition shall, [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE VIII. EMPLOYEE MATTERS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 8.1. Employees.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Employees of the Joint Venture Company.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Employees of the Joint Venture Company.The Joint Venture Company shall emplo
y its own personnel, including without limitation, administrative staff, operato
rs, technicians and engineers, and shall be their exclusive employer. If any cur
rent employee of NTC who has been continuously employed by NTC during the [*] (i
) permanently transfers to the Joint Venture Company within [*] and (ii) such em
ployee, during the [*] following such transfer has remained an employee of the J

oint Venture Company and has not delivered to the Joint Venture Company, or rece
ived from the Joint Venture Company, a notice of termination, then NTC shall (x)
[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Hiring.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Hiring.The number, position and compensation of the employees of the Joint V
enture Company shall be as determined by the President in consultation with the
Executive Vice President, subject to approval of the Board of Directors, which a
pproval may take the form of an Annual Business Plan.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Employee Policies.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Employee Policies.Subject to the approval of the Board of Directors, the Joi
nt Venture Company shall put in place and implement such employee policies, prog
rams and benefits as determined by the President in consultation with the Execut
ive Vice President or as may otherwise be required by Applicable Laws.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 8.2. Assigned Employees.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Micron Assigned Employee Agreement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Micron Assigned Employee Agreement.Certain employees of Micron may be assign
ed or transferred to work at or with the Joint Venture Company. In connection th
erewith, Micron and the Joint Venture Company shall enter into the Micron Assign
ed Employee Agreement.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
NTC Assigned Employee Agreement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) NTC Assigned Employee Agreement.Certain employees of NTC may be assigned or
transferred to work at or with the Joint Venture Company. In connection therewit
h, NTC and the Joint Venture Company shall enter into the NTC Assigned Employee
Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Employment and Service-Related Forms.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
8.3. Employment and Service-Related Forms.The Joint Venture Company shall have p
olicies applicable to, and ensure that all of its officers, employees and thirdparty independent contractors, third-party consultants, and other third-party se
rvice providers enter into appropriate agreements with respect to, (a) protectio
n of confidential information of the Joint Venture Company, (b) compliance with
Applicable Laws, (c) other matters related to the delivery of services to, or em
ployment of such Person by, the Joint Venture Company, (d) intellectual property
creation and assignment documents, including invention disclosures, pursuant to
which ownership to any intellectual property created in the course of employmen
t with (or service to) the Joint Venture Company shall be transferred and assign
ed to the Joint Venture Company or its designee, as appropriate.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
SPV Equity.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0

Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
8.4. SPV Equity.Notwithstanding any provision in this Agreement to the contrary:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Transfer of Shares to SPV.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Transfer of Shares to SPV.Each Shareholder (a \u8220\'3fTransferring Shareho
lder\u8221\'3f) may Transfer a number of Shares, up to a maximum of [*]% of the
Shares it purchased from the Joint Venture Company as contemplated by Sections 3
.2 and 3.3, to a Wholly-Owned Subsidiary of such Transferring Shareholder (each,
an \u8220\'3fSPV\u8221\'3f). For so long as the SPV holds any Shares, such Tran
sferring Shareholder shall be required to retain 100% of the equity and voting i
nterests of such SPV.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Transfer of Shares by SPV.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Transfer of Shares by SPV.Any SPV may, at any time and from time to time, Tr
ansfer to the employees of such Transferring Shareholder or its Wholly-Owned Sub
sidiaries (or, in the case of MNL, to the employees of Micron or its Wholly-Owne
d Subsidiaries) any or all of the Shares such SPV received as a result of the Tr
ansfer contemplated by Section 8.4(a). In connection with any such Transfer, the
Transferring Shareholder shall cause the Person receiving such Shares to agree,
for the benefit of the Shareholder that is not the Transferring Shareholder, to
restrictions (including with respect to voting and transfer) with respect to su
ch Shares equivalent to the restrictions that would be imposed by this Agreement
on the Transferring Shareholder if such Shares were held by the Transferring Sh
areholder. The Transferring Shareholder shall use reasonable efforts to enforce
such restrictions, provided, however, that any non-compliance or violation of su
ch restrictions by the Persons receiving Shares as contemplated by this Section
8.4(b) shall not in any way affect the deemed ownership by the Shareholders as c
ontemplated under Section 8.4(d) and shall not be regarded as a breach of this A
greement by the Transferring Shareholder.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1

{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400


No Other Transfer.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) No Other Transfer.Each Transferring Shareholder shall prevent its SPV, if an
y, from Transferring Shares other than as contemplated by Section 8.4(b).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Deemed Owned by Shareholders.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Deemed Owned by Shareholders.[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Repurchase.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(e) Repurchase.With respect to a Transferring Shareholder that has not violated
this Section 8.4, such Transferring Shareholder shall not be in violation of thi
s Agreement if, at any time and from time to time, it repurchases from its SPV o
r from Persons to whom the SPV Transferred Shares in accordance with Section 8.4
(b), any or all of the Shares such Transferring Shareholder Transferred to its S
PV in accordance with Section 8.4(a). If, after the Listing, a Transferring Shar
eholder repurchases Shares from Persons to whom its SPV Transferred Shares in ac
cordance with Section 8.4(b), the Shareholder that is not the Transferring Share
holder shall be deemed to own [*] for each Share the Transferring Shareholder so
purchases.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE IX. TRANSFER RESTRICTIONS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 9.1. Restrictions on Transfer.
\par

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
General Restriction.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) General Restriction.Except as permitted under Section 8.4 and this Article I
X, no Shareholder shall, until [*] (such period, the \u8220\'3fTransfer Restrict
ion Period\u8221\'3f), sell, exchange, transfer, dispose of, encumber, pledge, m
ortgage or hypothecate (each a \u8220\'3fTransfer\u8221\'3f), whether directly o
r indirectly, and shall not make any agreement or commitment to do any of the sa
me, any or all of its rights, title or interest in or to any Shares without the
prior written consent of the other Shareholder (except as contemplated by Sectio
n 3.5, 12.3, 12.6, or 13.1). The foregoing consent shall not be unreasonably wit
hheld or delayed where a Shareholder proposes to pledge or otherwise encumber it
s shares in the Joint Venture Company as collateral to secure any loan to the Jo
int Venture Company for any purpose relating, directly or indirectly, to the bus
inesses of the Joint Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(b) Other Transfer Prohibitions.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) A Shareholder shall in no event Transfer any part of the Shares of the Joint
Venture Company owned by it to any Person if after such Transfer such Sharehold
er\rquote s Equity Interest would be below [*]%.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) The Shareholders agree that:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

(A) MNL shall in no event Transfer any part of the Shares of the Joint Venture C
ompany owned by it to [*] without the prior written consent of NTC; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(B) NTC shall in no event Transfer any part of the Shares of the Joint Venture C
ompany owned by it to [*] without the prior written consent of MNL.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Change of Control Event.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Change of Control Event.[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Transferee to be Bound.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Transferee to be Bound.Notwithstanding consent being given by one Shareholde
r to the other Shareholder for the Transfer of any part of the Shares of the Joi
nt Venture Company owned by the transferring Shareholder to any Person, the tran
sferring Shareholder shall cause and procure the transferee to agree in writing
to perform and be bound by all duties and obligations of the transferring Shareh
older, including the any transfer restrictions under Section 9.1 of this Agreeme
nt, except where the Transfer is made through open market trades which are not,
directly or indirectly, related to a negotiated transaction between the transfer
ring Shareholder and the transferee.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Permitted Transfers.
\par
}
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
9.2. Permitted Transfers.Notwithstanding Section 9.1, a Shareholder may Transfer
all (but not less than all) of its shares in the Joint Venture Company to [*] (
a \u8220\'3fPermitted Transfer\u8221\'3f); provided, that:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) such transferee shall agree in writing to perform and be bound by all duties
and obligations of the transferring Shareholder, including the obligations set
forth in this Agreement and any Joint Venture Documents to which the transferrin
g Shareholder is a party;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) the transferring Shareholder shall not be released from its duties and oblig
ations under this Agreement or any other Joint Venture Documents and shall remai
n fully liable for the performance thereof by such transferee;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) [*]; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(d) at least [*] days prior written notice of any such Transfer by a Shareholder
of shares in the Joint Venture Company shall be provided to the other Sharehold
er.
\par
}
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(e) prior to the effectiveness of a Transfer permitted under this Section 9.2, t
he transferring Shareholder shall deliver to the Board of Directors and the othe
r Shareholder a certificate stating that:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(i) the transferring Shareholder is not in breach of any provisions of this Agre
ement or any other Joint Venture Documents to which the transferring Shareholder
is a party;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(ii) immediately after giving effect to such Transfer, there will exist no event
of default or an event or condition that, with the giving of notice or lapse of
time or both, would constitute an event of default of the Transferor or such tr
ansferee under this Agreement or any of the Joint Venture Documents; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(iii) the Transfer will not, and could not reasonably be expected to, cause an a
dverse effect on the Joint Venture Company or the other Shareholder, including a
ny material adverse tax consequences or an adverse effect due to the loss of int
ellectual property rights.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 9.3. Right of First Refusal.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200

Transfer Notice.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Transfer Notice.At any time during the term of this Agreement, and further s
ubject to Section 9.1, if a Shareholder proposes to Transfer all or any part of
the shares in the Joint Venture Company in one or more related transactions (suc
h Shareholder a \u8220\'3fTransferor\u8221\'3f) to any party other than a Wholly
-Owned Subsidiary of Micron or the Transferor, then the Transferor shall give th
e other Shareholder (the \u8220\'3fReceiving Party\u8221\'3f) a written notice o
f the Transferor\rquote s intention to make the Transfer (the \u8220\'3fTransfer
Notice\u8221\'3f), which shall include [*]. The Transfer Notice shall also cert
ify that the Transferor has received a firm offer from the prospective transfere
e and in good faith believes a binding agreement for such Transfer is obtainable
on the terms set forth in the Transfer Notice.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Option to Purchase.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Option to Purchase.The Receiving Party shall have the first right and option
, at its sole discretion, but not the obligation, to purchase all (but not less
than all) of the Offered Shares pursuant to the Sale Offer by delivering a writt
en notice to the Transferor within [*] days from the date of the Sale Offer (suc
h period, the \u8220\'3fOption Period\u8221\'3f) stating the Receiving Party\rqu
ote s intention to exercise its right and option to purchase the Offered Shares.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Closing of Transfer to Receiving Party.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Closing of Transfer to Receiving Party.The Transfer of Offered Shares result
ing from acceptance of the Sale Offer by the Receiving Party in accordance with
paragraph (b) above shall take place at a closing on a date designated by the Re
ceiving Party within [*] days following such acceptance (or, if any governmental
or regulatory approvals, consents, filings or authorizations are required in co
nnection with such Transfer, within [*] days following the receipt of all such a
pprovals, consents, filings or authorizations), or at such other time as the Tra
nsferor and the Receiving Party may otherwise agree. At such closing, the Transf
eror shall be obligated to sell and Transfer the Offered Shares and the Receivin
g Party shall pay the purchase price for such shares in accordance with the term
s and conditions set forth in the Sale Offer.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Sale to Third Party.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(d) Sale to Third Party.If the Receiving Party elects not to, or fails to give a
ny notice of its intention to, purchase all of the Offered Shares within the Opt
ion Period, then, subject to Section 9.1, the Transferor shall have the right fo
r [*] days thereafter (hereinafter the \u8220\'3fTransfer Period\u8221\'3f) to T
ransfer the Offered Shares to the prospective transferee identified in the Trans
fer Notice; provided, however, [*]. If such Transfer is not completed within the
Transfer Period, the Transferor shall no longer be permitted to sell such Offer
ed Shares except to again comply with the provisions of this Section 9.3.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE X. ACCOUNTING; FINANCIAL MATTERS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Accounting.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
10.1. Accounting.The Shareholders shall use reasonable efforts to cause the Join
t Venture Company\rquote s books of account and records to be kept and maintaine
d in accordance with Taiwan GAAP applied on a consistent basis. The Shareholders
shall use reasonable efforts to cause the fiscal year of the Joint Venture Comp
any to be from January 1 to December 31 (\u8220\'3fFiscal Year\u8221\'3f) and th
e fiscal quarter of the Joint Venture Company to be based on calendar months (en
ding on the last day of each three-month period).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 10.2. Access to Information.
\par

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Inspection.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Inspection.To the extent not in violation of Applicable Laws, each Sharehold
er and its agents (which may include employees of the Shareholder (or, in the ca
se of MNL, of Micron) or the Shareholder\rquote s independent certified public a
ccountants (or, in the case of MNL, Micron\rquote s independent certified public
accountants)) shall have the right, at any reasonable time, to inspect, review,
copy and audit (or cause to be audited) at the expense of the inspecting Shareh
older any and all properties, assets, books of account, corporate records, contr
acts, documentation and any other material of the Joint Venture Company or any o
f its Subsidiaries, at the request of the inspecting Shareholder, whether in the
possession of the foregoing or its (or their) independent certified public acco
untants. Upon such request, the Shareholders shall use reasonable efforts to cau
se the Joint Venture Company and each of its relevant Subsidiaries to use reason
able efforts to make available (or cause to make available) to such inspecting S
hareholder the Joint Venture Company\rquote s accountants and key employees for
interviews to verify information furnished or to enable such Shareholder to othe
rwise review the Joint Venture Company or any of its Subsidiaries and their oper
ations.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Competitively Sensitive Information.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(b) Competitively Sensitive Information.The Shareholders recognize that the Join
t Venture Company may, from time to time, be in possession of Competitively Sens
itive Information belonging to a Shareholder, and in no event shall a Shareholde
r be entitled to access any Competitively Sensitive Information of the other Sha
reholder in the possession of the Joint Venture Company. The Shareholders shall
use reasonable efforts to cause the Joint Venture Company to maintain procedures
reasonably acceptable to both Shareholders (including requiring that the Shareh
olders use reasonable efforts to label or otherwise identify Competitively Sensi
tive Information as such) to ensure that the Joint Venture Company will not disc
lose or provide Competitively Sensitive Information of one Shareholder to the ot
her Shareholder (other than to a Joint Venture Company employee or to an assigne
d employee of the other Shareholder to the extent required for such employee or
assigned employee to perform his or her duties for the Joint Venture Company) or
any third party unless such disclosure is specifically requested by the Shareho
lder providing such Competitively Sensitive Information.
\par
}
}
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Information Right.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(c) Information Right.The Shareholders shall use reasonable efforts to cause the
Joint Venture Company to, and to cause the Board of Directors to cause the Join
t Venture Company to, provide to each Shareholder the following:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Monthly Reports.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) Monthly Reports.At the end of each fiscal month, the Joint Venture Company,
and, if requested, each of its Subsidiaries, if any, shall provide each Sharehol
der with the following monthly reports prepared in accordance with Taiwan GAAP c
onsistently applied, in each case within the time period specified below:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(A) monthly cash flow report within [*] days after the end of each fiscal month;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(B) month-end balance sheet within [*] days after the end of each fiscal month;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(C) monthly income statement within [*] days after the end of each fiscal month;
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(D) monthly operational spending summary within [*] days after the end of each f
iscal month; and
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(E) such other reports as may be reasonably requested by each Shareholder.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Quarterly Reports.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(ii) Quarterly Reports.As soon as available, but not later than [*] days after t
he end of each fiscal quarter (other than fiscal quarters ending on the last day
of a Fiscal Year, provided that the information required by this Section 10.2(c
)(ii) will be included in the reports delivered pursuant to Section 10.2(c)(iii)
below for the Fiscal Year ending on such date), the Joint Venture Company shall
provide to each Shareholder a consolidated balance sheet of the Joint Venture C
ompany as of the end of such period and consolidated statements of income, cash
flows and changes in shareholders\rquote equity, as applicable, for such fiscal
quarter and for the period commencing at the end of the previous Fiscal Year an
d ending with the end of such period, setting forth in each case in comparative
form the corresponding figures for the corresponding period of the preceding fis
cal year, each prepared in accordance with Taiwan GAAP. The quarterly financial
statements shall be reviewed by a firm of independent certified public accountan
ts selected from time to time by the Board of Directors (the \u8220\'3fAccountan
ts\u8221\'3f). The Joint Venture Company shall also prepare a reconciliation of
its quarterly financial statements to U.S. GAAP at the end of each fiscal quarte
r.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Annual Financial Statements.
\par
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(iii) Annual Financial Statements.As soon as available, but not later than [*] d
ays after the end of each Fiscal Year of the Joint Venture Company, audited cons
olidated financial statements of the Joint Venture Company and its Subsidiaries,
which shall include statements of income, cash flows and of changes in sharehol
ders\rquote equity, as applicable, for such Fiscal Year and a balance sheet as
of the last day thereof, each prepared in accordance with Taiwan GAAP, consisten
tly applied, and accompanied by the report of the Accountants. The Joint Venture
Company shall also prepare a reconciliation of its annual audited financial sta
tements to U.S. GAAP at the end of each Fiscal Year.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Reportable Events.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
10.3. Reportable Events.The Shareholders shall use reasonable efforts to cause t
he Joint Venture Company to provide notice to the Shareholders of any Joint Vent
ure Company Reportable Event as soon as possible and in any event no later than
[*] days after the Joint Venture Company becomes aware of such Joint Venture Rep
ortable Event. The following events shall be \u8220\'3fJoint Venture Reportable
Events\u8221\'3f:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) Receipt by the Joint Venture Company or any of its Subsidiaries of an offer
by any Person to buy an equity interest in the Joint Venture Company or any of i
ts Subsidiaries or a significant amount of its assets or to merge or consolidate
with the Joint Venture Company or any of its Subsidiaries, or any indication of
interest from any Person with respect to any such transaction;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) The commencement, or threat delivered in writing, of any lawsuit involving t

he Joint Venture Company or any of its Subsidiaries;


\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) The receipt by the Joint Venture Company or any of its Subsidiaries of a not
ice that the Joint Venture Company or any of its Subsidiaries is in default unde
r any loan agreement to which the Joint Venture Company or any of its Subsidiari
es is a party;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(d) Any breach by the Joint Venture Company or any of its Subsidiaries or a Shar
eholder or an Affiliate of a Shareholder of any contract between the Joint Ventu
re Company or any of its Subsidiaries and a Shareholder or an Affiliate of a Sha
reholder;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(e) The removal or resignation of the auditor for the Joint Venture Company, or
any adoption, or material modification, of any significant accounting policy or
tax policy other than those required by Taiwan GAAP; or
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(f) Any other event that has had or could reasonably be expected to have a mater
ial adverse effect on the business, results of operations, financial condition o
r assets of the Joint Venture Company or any of its Subsidiaries.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 10.4. Dividend Policy.
\par
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Unless otherwise agreed by the Shareholders, the Shareholders shall use reas
onable efforts to cause the Joint Venture Company to not declare and pay any div
idend, in cash or shares, or otherwise make any distributions until [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) Thereafter, dividends and other distributions shall be as determined and app
roved by the shareholders of the Joint Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) Notwithstanding anything in this Agreement to the contrary, the Shareholders
shall use reasonable efforts to cause the Joint Venture Company to not make any
distribution of cash or other property to any shareholder if the distribution w
ould violate any agreement to which the Joint Venture Company or any of its Subs
idiaries is a party or by which it or any of them is bound.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Bank Accounts and Funds.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
10.5. Bank Accounts and Funds.The Shareholders shall use reasonable efforts to c
ause the funds of the Joint Venture Company, including any cash capital contribu
tions, to be deposited in an interest-bearing account or accounts in the name of
the Joint Venture Company and to not be commingled with the funds of any Shareh
older or any other Person. The Shareholders shall use reasonable efforts to caus
e the checks, orders or withdrawals to be signed by any one or more Persons as a
uthorized by the Board of Directors.
\par

}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Internal Controls.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
10.6. Internal Controls.The Shareholders shall use reasonable efforts to cause t
he Joint Venture Company to have in place a system of internal accounting contro
ls, in accordance with the policies agreed by the Shareholders, which shall be a
pproved by the Board of Directors and monitored by the President and the Executi
ve Vice President. Changes to the Joint Venture Company\rquote s system of inter
nal accounting controls shall be made at the request of either Shareholder, subj
ect to the approval of the Board of Directors; provided, however, that in the ev
ent one Shareholder is required to consolidate the financial results of the Join
t Venture Company under applicable GAAP, the internal controls and accounting sy
stems of the Joint Venture Company shall be modified as necessary to satisfy tha
t Shareholder\rquote s requirements relating to internal controls and financial
reporting and such Shareholder shall be entitled to receive the information and
perform the testing that it deems necessary or advisable to satisfy its responsi
bilities related thereto.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
10.7. The Shareholders shall use their respective best efforts to cause the Join
t Venture Company to comply with, and establish appropriate procedures to ensure
compliance with, the United States Foreign Corrupt Practices Act of 1977, as am
ended.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE XI. OTHER AGREEMENTS AND COVENANTS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1


{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Tax Cooperation.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
11.1. Tax Cooperation.The Shareholders shall cooperate in a good faith, commerci
ally reasonable manner to maximize tax benefits and minimize tax costs of the Jo
int Venture Company and of the Shareholders or their Affiliates with respect to
the activities of the Joint Venture Company, consistent with the overall goals o
f the Joint Venture Documents. Such cooperation shall include (a) NTC\rquote s u
se of reasonable efforts to assist Micron, MNL and the Joint Venture Company in
applying for applicable tax incentives and for a tax withholding exemption in Ta
iwan, the Netherlands and such other jurisdictions as may be relevant, with resp
ect to payments made by either, NTC or the Joint Venture Company to Micron or MN
L, or by MNL or an Affiliate of MNL to the Joint Venture Company and (b) MNL\rqu
ote s use of reasonable efforts to assist NTC in applying for applicable tax inc
entives and for a tax withholding exemption in Taiwan, the Netherlands and such
other jurisdictions as may be relevant, with respect to payments made by either,
the Joint Venture Company to NTC, or by NTC or an Affiliate of NTC to the Joint
Venture Company. Additional assistance may include one Shareholder assisting th
e other Shareholder in amending one or more of the Joint Venture Documents or se
eking a ruling from a taxing authority; provided, however, that neither of the S
hareholders shall be required to consent to amend any of the Joint Venture Docum
ents or take other action that such Shareholder reasonably determines is not com
mercially reasonable; provided, further, that if one Shareholder (and its Affili
ates) is not likely (based on reasonable assumptions and projections) to benefit
directly or indirectly from an action requested by the other Shareholder pursua
nt to this Section 11.1, then the Shareholders shall use good faith commercially
reasonable efforts to enter into an agreement requiring the requesting Sharehol
der to reimburse the other Shareholder for the reasonable out-of-pocket costs in
curred by that other Shareholder to effect the change desired by the requesting
Shareholder, and the other Shareholder shall not be required to incur such costs
until such an agreement has been entered into.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Use of Shareholder Names.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
11.2. Use of Shareholder Names.Except as may be expressly provided in the Joint

Venture Documents, nothing in this Agreement shall be construed as conferring on


the Joint Venture Company, any Subsidiary of the Joint Venture Company or eithe
r Shareholder the right to use in advertising, publicity, marketing or other pro
motional activities any name, trade name, trademark, service mark or other desig
nation, or any derivation thereof, of the Shareholders (in the case of a Shareho
lder, the other Shareholder).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Insurance.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
11.3. Insurance.Until the Lease Commencement Date (as defined in the Fab Lease),
NTC shall cause the Joint Venture Company to be at all times covered by insuran
ce policies of NTC, with coverage consistent with the terms described on Schedul
e 5.2(B) of the Master Agreement Disclosure Letter. From and after the Lease Com
mencement Date, the Shareholders shall use commercially reasonable efforts to ca
use the Joint Venture Company and the Leased Fab to at all times be covered by i
nsurance of the types and in the amounts set forth on Appendix I hereto. Such ne
w insurance coverage may be provided through the coverage under one or more insu
rance policies maintained by Micron or NTC.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 11.4. Public Company Status; Listing.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) The Shareholders shall cooperate in a good faith, commercially reasonable ma
nner to cause the listing of the Shares of Joint Venture Company on a nationally
or internationally recognized stock exchange or market, including, without limi
tation, listing on the Taiwan Stock Exchange or any other recognized stock excha
nge or market in Taiwan (the \u8220\'3fListing\u8221\'3f).
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj


{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) The Shareholders agree that if the Joint Venture Company is required, or ele
cts, to register as a \u8220\'3fpublic company\u8221\'3f under the ROC Company L
aw, to issue its Shares to the public or employees or otherwise become subject t
o regulation under the ROC Securities Exchange Law or any Applicable Law which m
ay potentially affect the Shareholders\rquote respective rights to the ownershi
p or management of the Joint Venture Company, each Shareholder shall cause such
registration or issuance to be structured, and otherwise act and cause the Joint
Venture Company to act, so as to preserve, to the maximum extent possible, the
terms of this Agreement, both in letter and in spirit.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Shareholders\rquote Covenants.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
11.5. Shareholders\rquote Covenants.Each Shareholder agrees and covenants that
it will not, without the prior written consent of the other Shareholder:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) confess any judgment against the Joint Venture Company;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) enter into any agreement on behalf of, or otherwise purport to bind, the oth
er Shareholder or the Joint Venture Company;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300


(c) cause the Joint Venture Company to take any action in contravention of the A
rticles of Incorporation;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(d) cause the Joint Venture Company to dispose of the goodwill or the business o
pportunities of the Joint Venture Company; or
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(e) cause the Joint Venture Company to assign or place its property in trust for
creditors or on the assignee\rquote s promise to pay any indebtedness of the Jo
int Venture Company.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Contractual Relationship Between the Joint Venture Company and Any Shareholder.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
11.6. Contractual Relationship Between the Joint Venture Company and Any Shareho
lder.With respect to any contract (including under the Fab Lease or the Supply A
greement) between the Joint Venture Company and a Shareholder (or an Affiliate o
f a Shareholder), the other Shareholder shall have the right to demand that the
Joint Venture Company, and shall have the right to cause the Joint Venture Compa
ny to, take any action, pursue any right, enforce any obligation or seek recours
e pursuant to or under such contract, including with respect to the assertion of
any claim or cause of action for breach of contract against the Shareholder (or
an Affiliate of the Shareholder) involved in such contractual relationship with
the Joint Venture Company. In respect thereof, each Shareholder agrees that it
will not, and it shall cause its representatives elected as directors of the Joi
nt Venture Company to not, interfere with or otherwise obstruct in any respect s
uch action, pursuit, enforcement or recourse.
\par
}
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE XII. DEADLOCK; EVENTS OF DEFAULT
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Deadlock.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
12.1. Deadlock.A \u8220\'3fDeadlock\u8221\'3f shall [*], is required for approva
l, and such matter is not approved because the affirmative vote of [*], is not o
btained.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Resolution of a Deadlock.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
12.2. Resolution of a Deadlock.If a Deadlock occurs, the Shareholders shall:
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(a) first, submit the matter that was the subject of the Deadlock to the preside
nt of each of Micron and NTC by providing notice of the Deadlock to such Persons
, and the Shareholders shall use reasonable efforts to cause such Persons to mak
e a good faith effort to hold at least [*] in-person meetings between them to re
solve the Deadlock within [*] days of their receipt of the notice of Deadlock;
\par
}
}

}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) next, if the president of each of Micron and NTC are unable to resolve the D
eadlock in the given [*] days, then submit the matter to the chairman of each of
Micron and NTC for resolution, and the Shareholders shall use reasonable effort
s to cause such Persons to make a good faith effort to hold at least [*] in-pers
on [*] between them to resolve the Deadlock within [*] days following the submis
sion of the Deadlock to them;
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) next, if the chairman of each of Micron and NTC are unable to resolve the De
adlock in the given [*] days, either Shareholder may commence mediation by provi
ding to ICDR and the other Shareholder a written request for mediation, setting
forth the subject of the Deadlock and the relief requested. The Shareholders wil
l cooperate with ICDR and with one another in selecting a mediator from an ICDR
panel of neutrals, and in scheduling the mediation proceedings to be held in [*]
during the [*] days following the commencement of mediation. The Shareholders c
ovenant that they will participate in the mediation in good faith, and that they
will share equally in its costs. All offers, promises, conduct and statements,
whether oral or written, made in the course of the mediation by any of the Share
holders, by any of their respective agents, employees, experts and attorneys and
by the mediator and any ICDR employees are confidential, privileged and inadmis
sible for any purpose, including impeachment, in any litigation or other proceed
ing involving the Shareholders, provided, that evidence that is otherwise admiss
ible or discoverable shall not be rendered inadmissible or non-discoverable as a
result of its use in the mediation. Either Shareholder may seek equitable relie
f prior to the mediation to preserve the status quo pending the completion of th
at process. The provisions of this Section 12.2(c) may be enforced by any court
of competent jurisdiction, and the Shareholder seeking enforcement shall be enti
tled to an award of all costs, fees and expenses, including attorneys\rquote fe
es, to be paid by the Shareholder against whom enforcement is ordered.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Buyout from Deadlock.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100

12.3. Buyout from Deadlock.[*].


\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Event of Default.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
12.4. Event of Default.An \u8220\'3fEvent of Default\u8221\'3f shall occur if (a
) a Shareholder (the \u8220\'3fDefaulting Shareholder\u8221\'3f) breaches or fai
ls to perform in any material respect any material obligation under this Agreeme
nt (other than an obligation to contribute capital to the Joint Venture Company
as contemplated by Sections 3.2 and 3.3) and (b) at the end of the Cure Period t
herefor such breach or failure remains uncured.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Cure Period.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
12.5. Cure Period.Upon a Shareholder\rquote s breach or failure to perform an ob
ligation under this Agreement (other than an obligation to contribute capital to
the Joint Venture Company as contemplated by Sections 3.2 and 3.3), the other S
hareholder (the \u8220\'3fNon-Defaulting Shareholder\u8221\'3f) shall have the r
ight to deliver to the Defaulting Shareholder a notice of default (a \u8220\'3fN
otice of Default\u8221\'3f). The Notice of Default shall set forth the nature of
the Defaulting Shareholder\rquote s breach or failure of performance. If the De
faulting Shareholder fails to cure the breach or failure within the Cure Period,
the Non-Defaulting Shareholder shall be entitled to take such action as set for
th in Section 12.6. For purposes hereof, \u8220\'3fCure Period\u8221\'3f means a
period commencing on the date that the Notice of Default is provided by the Non
-Defaulting Shareholder and ending (a) [*] days after Notice of Default is so pr
ovided, or (b) in the case of any obligation (other than an obligation to pay mo
ney) which cannot reasonably be cured within such [*] day period, such longer pe
riod not to exceed [*] days after the Notice of Default is so provided as is nec
essary to effect a cure of the Event of Default, so long as the Defaulting Share
holder diligently attempts to effect a cure throughout such period.

\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 12.6. Default Remedy.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Upon the occurrence of an Event of Default, the Non-Defaulting Shareholder s
hall have the right, but not the obligation, by notice delivered in writing to t
he Defaulting Shareholder not later than [*] days after the expiration of the ap
plicable Cure Period (the \u8220\'3fExercise Notice\u8221\'3f), to require the D
efaulting Shareholder to:
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
[*].
\par
}
}
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(b) The Shareholders shall in good faith complete the sale and purchase transact
ion contemplated under Section 12.6(a) as soon as practicable, but in no event l
ater than [*] days after the determination of Fair Value. [*]
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300
(c) Notwithstanding anything to the contrary and in addition to the remedies pro
vided under this Section 12.6, the Joint Venture Company and the Non-Defaulting
Shareholder may also pursue all other legal and equitable rights and remedies ag
ainst the Defaulting Shareholder available to it. The Defaulting Shareholder sha
ll pay all costs, including reasonable attorneys\rquote fees, incurred by the J
oint Venture Company and the Non-Defaulting Shareholder in pursuing any and all
such legal remedies.
\par
}

}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE XIII. BUYOUT
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 13.1. Buyout Right.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Exercise of Buyout Right.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) Exercise of Buyout Right.If at any time, the Equity Interest of a Shareholde
r (for purposes of this Section 13.1, the \u8220\'3fNon-compliant Shareholder\u8
221\'3f) falls below [*] of the Equity Interest of the other Shareholder (for pu
rposes of this Section 13.1, the \u8220\'3fCompliant Shareholder\u8221\'3f), the
Compliant Shareholder shall have the right, but not the obligation, by notice t
o the Non-compliant Shareholder in writing (such notice, the \u8220\'3fBuyout No
tice\u8221\'3f), to purchase all (but not less than all) of the Shares of the Jo
int Venture Company then owned by the Non-compliant Shareholder and its Subsidia
ries (including its SPV) (such Shares, the \u8220\'3fBuyout Shares\u8221\'3f) at
[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
(b) Completion of Buyout.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(i) The Shareholders shall in good faith complete the sale and purchase transact
ion contemplated under Section 13.1(a) as soon as practicable, but in no event l
ater than [*] days after deliver of the Buyout Notice.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300

(ii) [*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200
ARTICLE XIV. TERMINATION
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Effective Date.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
14.1. Effective Date.Subject to obtaining relevant regulatory approvals as may b
e required, this Agreement shall become effective on the Closing Date, and conti
nue in force unless terminated in accordance with this Agreement.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Termination.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
14.2. Termination.This Agreement shall terminate upon the Transfer of all of the
Shares owned by one Shareholder and its Affiliates to the other Shareholder and
/or its Affiliates in accordance with Section 3.5, 12.3, 12.6 and 13.1; provided
, that the following provisions shall survive termination of this Agreement: Sec
tions 7.2 (to the extent Micron and NTC both continue to purchase Stack DRAM Pro
ducts from the Joint Venture Company under the Supply Agreement), 7.3 (to the ex
tent Micron and NTC both continue to purchase Stack DRAM Products from the Joint
Venture Company under the Supply Agreement), 7.5(c), 11.2 and 14.2 and Article
XV.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1

{\i0 \fs20 \sa400 \ul0 \cf1 \strike0 \f2 \b1 \sb200


ARTICLE XV. GENERAL PROVISIONS
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Notices.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.1. Notices.All notices and other communications hereunder shall be in writing
and shall be deemed duly given upon (a) transmitter\rquote s confirmation of a
receipt of a facsimile transmission, (b) confirmed delivery by a standard overni
ght or recognized international carrier or when delivered by hand, or (c) delive
ry in person, addressed at the following addresses (or at such other address for
a Shareholder as shall be specified by like notice): [*]
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Waiver.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.2. Waiver.The failure at any time of a Shareholder to require performance by
the other Shareholder of any responsibility or obligation required by this Agree
ment shall in no way affect a Shareholder\rquote s right to require such perform
ance at any time thereafter, nor shall the waiver by a Shareholder of a breach o
f any provision of this Agreement by the other Shareholder constitute a waiver o
f any other breach of the same or any other provision nor constitute a waiver of
the responsibility or obligation itself.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400

Assignment.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.3. Assignment.[*].
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Amendment.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.4. Amendment.This Agreement may not be amended or modified without the writte
n consent of the Shareholders.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200
Section 15.5. Third Party Rights.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
(a) The Shareholders agree that the Joint Venture Company shall be a third party
beneficiary to the agreements made hereunder by the Shareholders, and the Joint
Venture Company shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights h
ereunder.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf19 \f2 \b0
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb300


(b) Nothing in this Agreement, whether express or implied, is intended or shall
be construed to confer, directly or indirectly, upon or give to any Person, othe
r than the Shareholders and the Joint Venture Company, any legal or equitable ri
ght, remedy or claim under or in respect of this Agreement or any covenant, cond
ition or other provision contained herein.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Governing Law.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.6. Governing Law.This Agreement shall be governed by and construed in accorda
nce with the laws of the ROC, without giving effect to its conflict of laws prin
ciples.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Jurisdiction; Venue.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.7. Jurisdiction; Venue.Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this
Agreement shall be brought in the Taipei District Court, located in Taipei, Taiw
an, and each of the Parties hereby consents and submits to the exclusive jurisdi
ction of such court (and of the appropriate appellate courts therefrom) in any s
uch suit, action or proceeding and irrevocably waives, to the fullest extent per
mitted by Applicable Law, any objection which it may now or hereafter have to th
e laying of the venue of any such suit, action or proceeding in any such court o
r that any such suit, action or proceeding which is brought in any such court ha
s been brought in an inconvenient forum.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj

{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1


{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Headings.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.8. Headings.The headings of the Articles and Sections in this Agreement are p
rovided for convenience of reference only and shall not be deemed to constitute
a part hereof.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Entire Agreement.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.9. Entire Agreement.This Agreement, together with the Appendices, Exhibits an
d Schedules hereto and the agreements (including the Joint Venture Documents) an
d instruments referred to herein, constitute the entire agreement of the Shareho
lders with respect to the subject matter hereof and supersede all prior agreemen
ts and understandings, oral and written, between the Shareholders with respect t
o the subject matter hereof.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Taxes and Expenses.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
15.10. Taxes and Expenses.Except as otherwise set forth in this Agreement, all t
axes, fees and expenses incurred in connection with this Agreement and the trans

actions contemplated hereby shall be paid by the Shareholder incurring such expe
nses.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Severability.
\par
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\i0 \fs20 \cf1 \f2 \b1
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b1 \sb0
Section
}
}
{\i0 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
15.11. Severability.Should any provision of this Agreement be deemed in contradi
ction with the laws of any jurisdiction in which it is to be performed or unenfo
rceable for any reason, such provision shall be deemed null and void, but this A
greement shall remain in full force and effect in all other respects.
}
{\i0 \fs20 \sa100 \ul0 \cf1 \strike0 \f2 \b0 \sb100
Should any provision of this Agreement be or become ineffective because of chang
es in Applicable Law or interpretations thereof, or should this Agreement fail t
o include a provision that is required as a matter of law, the validity of the o
ther provisions of this Agreement shall not be affected thereby. If such circums
tances arise, the Shareholders shall negotiate in good faith appropriate modific
ations to this Agreement to reflect those changes that are required by Applicabl
e Law.
\par
}
}
}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \qc \b1
{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb400
Counterparts.
\par
}
}
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{\i0 \fs20 \cf1 \f2 \b1
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Section
}
}
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15.12. Counterparts.This Agreement may be executed in several counterparts, each
of which shall be deemed an original, but all of which together shall constitut
e one and the same instrument.
\par
}
}
}
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{\i0 \fs20 \sa200 \ul0 \cf1 \strike0 \f2 \b1 \sb200

Section 15.13. Confidential Information.


\par
}
}
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}
{\ri0 \i0 \fs20 \cf1 \f2 \li0 \b0 \qj
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(a) The Shareholders shall abide by the terms of that certain Mutual Confidentia
lity Agreement among Micron, MNL and NTC dated as of the date of this Agreement
(to be joined by the Joint Venture Company at or before the Closing Date), and a
s may be amended or replaced from time to time (the \u8220\'3fConfidentiality Ag
reement\u8221\'3f), which agreement is incorporated herein by reference. The Sha
reholders agree that the Confidentiality Agreement shall govern the confidential
ity, non-disclosure and non-use obligations between the Shareholders respecting
the information provided or disclosed in connection with this Agreement.
\par
}
}
}
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}
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(b) If the Confidentiality Agreement is terminated or expires and is not replace
d, such Confidentiality Agreement shall continue with respect to confidential in
formation provided in connection with this Agreement, notwithstanding such expir
ation or termination, for the duration of the term of this Agreement or until a
new Confidentiality Agreement is entered into between the Shareholders. To the e
xtent there is a conflict between this Agreement and the Confidentiality Agreeme
nt, the terms of this Agreement shall control.
\par
}
}
}
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{\i0 \fs20 \cf19 \f2 \b0
}
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(c) The terms and conditions of this Agreement shall be considered \u8220\'3fCon
fidential Information\u8221\'3f under the Confidentiality Agreement for which ea
ch of Micron and NTC is considered a \u8220\'3fReceiving Party\u8221\'3f under s
uch Confidentiality Agreement.
\par
}
}
}
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IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the dat
e first written above.
\par
}
}
}
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{\i1 \fs20 \cf1 \f2 \b0


{\i1 \fs20 \sa0 \ul0 \cf1 \strike0 \f2 \b0 \sb0
[Names of parties]
}
}
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\par
}
}
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APPENDIX I Insurance [*]
\par
}
}
}
}{
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End of Document
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\u169\'3f 2011 Thomson Reuters. No claim to original U.S. Government Works.
}
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ow }}
}
}\sect }

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