Agreement and Plan of Merger by and Among: Advanced Micro Devices, Inc., a Delaware Corporation; Thrones Merger Sub, Inc., a Delaware Corporation; and Xilinx, Inc., a Delaware Corporation

Date26 October 2020
SectionMerger Agreements
AGREEMENT AND PLAN OF MERGER by and among: ADVANCED MICRO DEVICES, INC., a
Delaware corporation; THRONES MERGER SUB, INC., a Delaware corporation; and
XILINX, INC., a Delaware corporation ________________________ Dated as of
October 26, 2020 ________________________
________________
SECTION 1. THE MERGER 2 1.1 The Merger 2 1.2 Closing 2 1.3 Certificate
of Incorporation and Bylaws 2 1.4 Directors and Officers 3 1.5 Conversion of
Securities 3 1.6 Certain Adjustments 3 1.7 Treatment of Equity Awards 4 1.8
No Fractional Shares 5 1.9 Closing of Transfer Books 5 1.10 Exchange of
Certificates and Cancellation of Book-Entry Positions 6 1.11 Further Action 8
1.12 Tax Withholding 9 SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE
COMPANY 9 2.1 Due Organization and Good Standing; Subsidiaries 9 2.2
Organizational Documents 10 2.3 Capitalization 10 2.4 Authority; Binding
Nature of Agreement 12 2.5 Vote Required 12 2.6 Non-Contravention; Consents
13 2.7 Reports; Financial Statements; Internal Controls 14 2.8 Absence of
Certain Changes 16 2.9 Intellectual Property and Related Matters 16 2.10
Title to Assets; Real Property 20 2.11 Contracts 21 2.12 Compliance with
Legal Requirements 24 2.13 Legal Proceedings; Investigations; Orders 25 2.14
Certain Business Practices 26 2.15 Tax Matters 27 2.16 Employee Benefit
Plans 28 2.17 Labor Matters 30 2.18 Environmental Matters 31 2.19
Insurance 32 2.20 Product Defects and Warranties. 32 2.21 Takeover Statutes
33 2.22 Ownership of Parent Common Stock 33 2.23 Opinions of Financial
Advisors 33 2.24 Brokers 33 2.25 Information Supplied 33
i
________________
SECTION 3. REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION SUB 34
3.1 Due Organization and Good Standing; Subsidiaries. 34 3.2 Organizational
Documents 34 3.3 Capitalization 35 3.4 Authority; Binding Nature of
Agreement 36 3.5 Vote Required 37 3.6 Non-Contravention; Consents 37 3.7
Reports; Financial Statements; Internal Controls 38 3.8 Absence of Certain
Changes 40 3.9 Compliance with Legal Requirements 40 3.10 Legal Proceedings;
Investigations; Orders 41 3.11 Intellectual Property and Related Matters. 42
3.12 Tax Matters 43 3.13 Environmental Matters 45 3.14 Certain Business
Practices 45 3.15 Takeover Statutes 46 3.16 Ownership of Company Common
Stock 46 3.17 Intended Tax Treatment 46 3.18 Opinion of Financial Advisor 46
3.19 Brokers 46 3.20 Information Supplied 46 3.21 Acquisition Sub 47
SECTION 4. COVENANTS 47 4.1 Interim Operations. 47 4.2 Company No
Solicitation 53 4.3 Parent No Solicitation 55 4.4 Registration Statement;
Joint Proxy Statement/Prospectus 57 4.5 Meeting of the Company’s Stockholders;
Company Change in Recommendation 58 4.6 Meeting of Parent’s Stockholders;
Parent Change in Recommendation 62 4.7 Filings; Other Action 67 4.8 Access
70 4.9 Acquisition Sub; Parent Vote 71 4.10 Publicity 71 4.11 Company
ESPP; Other Employee Benefits 72 4.12 Certain Tax Matters 74 4.13
Indemnification; Directors’ and Officers’ Insurance 75 4.14 Stockholder
Litigation 77 4.15 Stock Exchange Listing and Delisting 77 4.16 Section 16
Matters 77 4.17 Director Resignations 77 4.18 Takeover Statutes 78 4.19
Revolving Credit Facility 78
ii
________________
SECTION 5. CONDITIONS TO EACH PARTY’S OBLIGATION TO EFFECT THE MERGER 78 5.1
Conditions Precedent to Each Party’s Obligations 78 5.2 Additional Conditions
Precedent to Parent’s Obligations 79 5.3 Additional Conditions Precedent to
the Company’s Obligations 80 SECTION 6. TERMINATION 81 6.1 Termination 81
6.2 Effect of Termination 84 6.3 Termination Fees 84 SECTION 7.
MISCELLANEOUS PROVISIONS 86 7.1 Amendment 86 7.2 Waiver 86 7.3 No Survival
of Representations and Warranties 87 7.4 Entire Agreement; Non-Reliance;
Third-Party Beneficiaries 87 7.5 Applicable Law; Jurisdiction 89 7.6 Payment
of Expenses 89 7.7 Assignability; Parties in Interest 89 7.8 Notices 90 7.9
Severability 91 7.10 Counterparts 91 7.11 Specific Performance 91 7.12
Disclosure Schedules 91 7.13 Construction 92 Exhibits Exhibit A
Certain Definitions Exhibit B Form of Certificate of Incorporation of
the Surviving Corporation
iii
________________
AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this
“Agreement”) is made and entered into as of October 26, 2020, by and among:
Advanced Micro Devices, Inc., a Delaware corporation (“Parent”); Thrones Merger
Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent
(“Acquisition Sub”); and Xilinx, Inc., a Delaware corporation (the “Company”).
Certain capitalized terms used in this Agreement are defined in Exhibit A.
RECITALS A. The parties intend that Acquisition Sub be merged with and
into the Company (the “Merger”) in accordance with this Agreement and the
General Corporation Law of the State of Delaware (the “DGCL”). Upon consummation
of the Merger, Acquisition Sub will cease to exist and the Company will continue
as the Surviving Corporation and a wholly owned Subsidiary of Parent. B.
The Company Board has unanimously: (i) determined that the Merger is fair to and
in the best interests of the Company and its stockholders; (ii) approved and
declared advisable this Agreement and the transactions contemplated by this
Agreement, including the Merger, on the terms and subject to the conditions set
forth in this Agreement; and (iii) recommended that the Company’s stockholders
adopt this Agreement. C. The Parent Board has unanimously: (i)
determined that the terms of this Agreement and the Merger are fair to, and in
the best interests of, Parent and its stockholders; (ii) approved and declared
advisable this Agreement and the transactions contemplated by this Agreement,
including the Merger and the issuance of shares of Parent Common Stock in
connection therewith, each on the terms and subject to the conditions set forth
in this Agreement; and (iii) recommended that Parent’s stockholders approve the
issuance of shares of Parent Common Stock in connection with the Merger on the
terms and subject to the conditions set forth in this Agreement. D. The
board of directors of Acquisition Sub has: (i) determined that it is advisable
and in the best interests of Acquisition Sub and its sole stockholder for
Acquisition Sub to enter into this Agreement; (ii) approved and declared
advisable this Agreement and the transactions contemplated hereby, including the
Merger; and (iii) recommended that its sole stockholder adopt this Agreement.
E. It is intended that, for U.S. federal income tax purposes, the Merger
will qualify as a “reorganization” within the meaning of Section 368(a) of the
Code and that this Agreement is hereby adopted as, a “plan of reorganization”
for purposes of Sections 354 and 361 of the Code. AGREEMENT The parties to
this Agreement, in consideration of the representations, warranties, covenants
and agreements set forth herein and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, and intending to be
legally bound, agree as follows:
________________
SECTION 1. THE MERGER 1.1 The Merger. At the Effective Time,
Acquisition Sub shall be merged with and into the Company in accordance with the
DGCL and upon the terms and subject to the conditions set forth in this
Agreement, whereupon the separate existence of Acquisition Sub shall cease, and
the Company shall be the surviving corporation (the “Surviving Corporation”) in
the Merger and a wholly owned Subsidiary of Parent. From and after the Effective
Time, all the property, rights, powers, privileges and franchises of the Company

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