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8.8 Facsimile Instruction. The Trustee agrees to accept and act upon facsimile transmission of written instructions and/or directions pursuant to this Agreement, provided, however, that: (a) the Grantor and/or Beneficiaries’ Representative as applicable, subsequent to such facsimile transmission of written instructions, shall provide the originally executed instructions and/or directions to the Trustee in a timely manner, (b) such originally executed instructions and/or directions shall be signed by a person as may be designated and authorized to sign for the Grantor and/or Beneficiaries’ Representative and, (c) the Grantor and/or Beneficiaries’ Representative shall provide to the Trustee an incumbency certificate listing such designated persons which such incumbency certificate shall be amended whenever a person is to be added or deleted from the listing.
8.9 Counterparts. This Agreement may be executed in two or more counterparts, and by facsimile, and shall be deemed an original and shall bind the signatory but all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the others, it being understdood that all parties need not sign the same counterpart.
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IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the 1st day of June, 2010.







THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(“Trustee”)

By: /s/ Melonee Young

Melonee Young, Vice President







MICROSOFT CORPORATION

(“Grantor”)

By: /s/ John A. Seethoff

John A. Seethoff, Assistant Secretary







ADDITIONAL PARTY

(“Beneficiaries’ Representative”)



/s/ Charles H.Noski

CHARLES H. NOSKI





EXHIBIT A

The Minimum Balance in the 2003 Trust prior to execution of this amended and restated Agreement is Thirty-Three Million Dollars ($33,000,000).


The Grantor will transfer an additional Ten Million Dollars ($10,000,000.00) to the Trustee in connection with execution of the amended and restated Agreement.

Exhibit 12



COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

































































(In millions, except ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



















Year Ended June 30,

 

2010

 

 

2009

 

 

2008

 

 

2007

 

 

2006

 



















Earnings  (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations before income taxes

 

$

  25,013

 

 

$

  19,821

 

 

$

  23,814

 

 

$

  20,101

 

 

$

  18,262

 

Add: Fixed charges

 

 

207

 

 

 

88

 

 

 

151

 

 

 

271

 

 

 

331

 

Add: Cash distributions from equity method investments

 

 

14

 

 

 

85

 

 

 

10

 

 

 

0

 

 

 

51

 

Subtract: Income from equity method investments

 

 

18

 

 

 

81

 

 

 

62

 

 

 

62

 

 

 

(161

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Earnings

 

$

25,216

 

 

$

19,913

 

 

$

23,913

 

 

$

20,310

 

 

$

18,805

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



















Fixed Charges  (b)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

146

 

 

$

38

 

 

$

106

 

 

$

230

 

 

$

295

 

Capitalized debt related expenses

 

 

5

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Interest component of rent expense

 

 

56

 

 

 

50

 

 

 

45

 

 

 

41

 

 

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

207

 

 

$

88

 

 

$

151

 

 

$

271

 

 

$

331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



















Ratio of Earnings to Fixed Charges

 

 

122

 

 

 

226

 

 

 

158

 

 

 

75

 

 

 

57

 

(a) Earnings represent earnings from continuing operations before income taxes and before income (losses) from equity method investments plus: (1) fixed charges; and (2) cash distributions from equity method investments.

(b) Fixed charges include: (1) interest expense; (2) capitalized debt issuance costs; and (3) the portion of operating rental expense which management believes is representative of the interest component of rent expense.


Exhibit 21

SUBSIDIARIES OF REGISTRANT

The following is a list of subsidiaries of the Company as of June 30, 2010, omitting subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary.

 











Name

 

Where Incorporated

 

Microsoft Ireland Research

 

Ireland

Microsoft Capital Group, LLC

 

United States

Microsoft Global Finance

 

Ireland

Microsoft Ireland Operations Limited

 

Ireland

Microsoft Licensing, GP

 

United States

Microsoft Online, Inc.

 

United States

Microsoft Operations Pte Ltd

 

Singapore

Microsoft Operations Puerto Rico, LLC

 

Puerto Rico

Microsoft Regional Sales Corporation

 

United States

MOL Corporation

 

United States

Exhibit 23.1




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