Item 5. OTHER INFORMATION

On October 27, 2023, we entered into a seventh amendment (“Seventh Amendment”) with Summit Lantana Owner (the “Landlord”), the successor-in-interest to 7171 Southwest Parkway Holdings, LP, from whom we lease approximately 444,000 sq. ft. multi-building office complex (the “Premises”) located at 7171 Southwest Parkway, Austin, Texas (the “Property”). Pursuant to the Seventh Amendment, we extended the term of our lease, which is scheduled to expire on March 31, 2025. The extension term of the Seventh Amendment commences on April 1, 2025 and ends on September 30, 2038 (the “Extension Term”). The Seventh Amendment sets forth the monthly rent during the Extension Term that ranges from $1.3 million to $1.7 million.

The Seventh Amendment also provides that we are granted two options to extend the Extension Term for a period of ten years each (each a “Renewal Term”) for all or any portion of the Premises, provided we give written notice of the election to extend no later than twenty-one months and no more than twenty-four months prior to the expiration of the Extension Term or the first Renewal Term, as the case may be. In the Seventh Amendment, the Landlord has also agreed to provide us with an allowance of up to $26,639,220 for tenant improvements to be made to the Premises.

Under certain circumstances, we have the option to expand our Premises by 29,925 sq. ft. in Building B300 located on the Property by providing written notice to the Landlord prior to September 30, 2025. We also have a right of first offer to lease from the Landlord at least two full floors in a building located at 7201 Southwest Parkway, Austin, Texas. Also, if the Landlord receives an offer from a third party to lease all or any portion of the available space on the Property in either or both of Building B300 or Building B400, the Landlord will not accept the third party offer without offering to lease to us first on the same terms and conditions as the third-party offer.

The foregoing description of the terms of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Seventh Amendment filed hereto as Exhibit 10.2.

Item 5(c) Rule 10b5-1 Trading Plans

On August 18, 2023, Victor Peng, President, AMD, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 100,000 shares of the Company’s common stock until November 20, 2024.