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<SEC-DOCUMENT>0001206774-09-001495.txt : 20090804
<SEC-HEADER>0001206774-09-001495.hdr.sgml : 20090804
<ACCEPTANCE-DATETIME>20090804060027
ACCESSION NUMBER:		0001206774-09-001495
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090731
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090804
DATE AS OF CHANGE:		20090804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISHAY INTERTECHNOLOGY INC
		CENTRAL INDEX KEY:			0000103730
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		IRS NUMBER:				381686453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07416
		FILM NUMBER:		09981567

	BUSINESS ADDRESS:	
		STREET 1:		63 LINCOLN HWY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6106441300

	MAIL ADDRESS:	
		STREET 1:		63 LINCOLN HIGHWAY
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>vishay_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>

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<P align=center><B><FONT face=serif size=2>UNITED STATES<BR></FONT></B><B><FONT face=serif size=2>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.
20549</FONT></B></P>
<P align=center><B><FONT face=serif>FORM 8-K</FONT></B></P>
<P align=center><B><FONT face=serif size=2>CURRENT REPORT<BR></FONT></B><B><FONT face=serif size=2>Pursuant to Section 13 OR 15(d) of the Securities Exchange Act
of 1934</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="20%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="11%"><FONT face=serif size=2>Date of Report (Date of
      earliest event reported)</FONT>&nbsp;</TD>
    <TD noWrap align=left width="5%" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="83%"><FONT face=serif size=2>July 31,
2009</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD noWrap align=center width="100%" ><STRONG><FONT size=5>Vishay Intertechnology,
      Inc.</FONT></STRONG></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="100%"><FONT size=1>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face=serif size=2>(Exact name of registrant as
      specified in its charter)</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><FONT face=serif size=2>Delaware</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><FONT face=serif size=2>1-7416</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><FONT face=serif size=2>38-1686453</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>(State or other
jurisdiction</FONT></TD>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>(Commission</FONT></TD>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>(I.R.S. Employer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>of incorporation)</FONT></TD>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>File Number)</FONT></TD>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>Identification
  No.)</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="66%"><FONT face=serif size=2>63 Lancaster Avenue</FONT></TD>
    <TD noWrap align=left width="33%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="66%"><FONT face=serif size=2>Malvern, PA 19355</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="33%"><FONT face=serif size=2>19355-2143</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="66%"><FONT face=serif size=2>(Address of principal executive
      offices)</FONT></TD>
    <TD noWrap align=center width="33%"><FONT face=serif size=2>(Zip
Code)</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>Registrant&#146;s telephone
      number, including area code 610-644-1300</FONT>&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="100%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="100%"><FONT face=serif size=2>(Former name or former address, if changed since last
      report.)</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=wingdings><FONT face=wingdings size=2>o</FONT></FONT></TD>
    <TD noWrap align=left width="2%" >&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="95%"><FONT face=serif size=2>Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%"><FONT face=serif size=2>Soliciting material pursuant to Rule 14a-12 under the
      Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%"><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="95%"><FONT face=serif size=2>Pre-commencement communications pursuant to Rule 13e-4(c)
      under the Exchange Act (17 CFR
240.13e-4(c))</FONT></TD></TR></TABLE><BR>
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<PAGE>
<P align=left><B><FONT face=serif><FONT face=serif size=2>Item 1.01 &#150; Entry into
a Material Definitive Agreement</FONT></FONT></B></P>
<P align=left><FONT face=serif><FONT face=serif size=2>Effective July 31, 2009,
Vishay Intertechnology, Inc. (&#147;Vishay&#148; or &#147;the Company&#148;) entered into the second
amendment to the Fourth Amended and Restated Credit Agreement (the &#147;Credit
Agreement&#148;) with a consortium of banks led by Comerica Bank as administrative
agent.</FONT></FONT></P>
<P align=left><FONT face=serif><FONT face=serif size=2>The Credit Agreement
effectively consists of:</FONT></FONT></P>
<UL style="font-size: 10pt">
  <LI><FONT face=serif size=2>a revolving credit commitment of up to $250
  million available through April 20, 2012, and</FONT>
  <LI><FONT face=serif><FONT face=serif size=2>an amortizing term loan maturing
  July 1, 2011 (principal amount outstanding of $100 million as of June 27,
  2009, the end of Vishay&#146;s second fiscal quarter).</FONT></FONT></LI></UL>
<P align=left><FONT face=serif size=2>The amendment makes the
following modifications to the Credit Agreement:</FONT></P>
<UL style="font-size: 10pt">
  <LI><FONT face=serif size=2>The Fixed Charges Coverage Ratio (FCCR) covenant
  has been revised to require a minimum FCCR of 1.75 to 1 for the fiscal quarter
  ending September 26, 2009 and the continuation of the minimum FCCR of 2.50 to
  1 for successive fiscal quarters, as required under the Credit
  Agreement.</FONT>
  <LI><FONT face=serif size=2>The interest rates applicable to
  amounts outstanding under the revolving credit commitment have increased by 40
  basis points (to LIBOR plus 1.40% at the current leverage ratio). The interest
  rates applicable to amounts outstanding under the term loan arrangement have
  not changed (LIBOR plus 2.5% at the current leverage ratio).</FONT>
  <LI><FONT face=serif size=2>If the FCCR for the fiscal
  quarter ending September 26, 2009 is less than 2.50 to 1 but greater than 2.15
  to 1, the Company must pay an additional fee of 75 basis points on the
  revolving credit commitment and the outstanding principal amount of the term
  loan as of September 26, 2009. If the FCCR for the fiscal quarter ending
  September 26, 2009 is less than or equal to 2.15 to 1 but greater than 1.75 to 1, the
  Company must pay an additional fee of 100 basis points on the revolving credit
  commitment and the outstanding principal amount of the term loan as of
  September 26, 2009.</FONT>
  <LI><FONT face=serif size=2>Additional collateral, including
  (i) accounts receivable, inventory, machinery and equipment, and general
  intangibles (but excluding real estate and bank accounts) of the Company and
  subsidiaries located in the United States, (ii) accounts receivable of a
  German subsidiary, and (iii) certain intercompany loans owed to a significant
  German subsidiary, has been added. The borrowings also continue to be secured
  by pledges of stock in certain significant subsidiaries and certain guarantees
  of significant subsidiaries.</FONT>
  <LI><FONT face=serif size=2>Foreign subsidiaries of the
  Company continue to be eligible to become permitted borrowers (upon
  satisfaction of certain requirements), although these entities are now subject
  to a limit of $125 million in borrowings.</FONT></LI></UL>
<P align=left><FONT face=serif size=2>Other significant terms
and conditions of the Credit Agreement have not been changed. The Credit
Agreement, as amended, will expire April 20, 2012.</FONT></P>
<P align=left><FONT face=serif size=2>The foregoing description
is qualified in its entirety by reference to the second amendment to the Fourth
Amended and Restated Credit Agreement, which is attached hereto as Exhibit 10.1
and is incorporated herein by reference.</FONT></P>
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<PAGE>
<P align=left><B><FONT face=serif size=2>Item 9.01 &#150; Financial
Statements and Exhibits</FONT></B></P>
<P align=left><FONT face=serif size=2>(d)
Exhibits</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><FONT face=serif size=2>Exhibit No.&nbsp;</FONT></TD>
    <TD noWrap align=left width="2%" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT face=serif size=2>Description<FONT size=3>&nbsp;</FONT></FONT></TD>
    <TD noWrap align=left width="94%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>10.1<FONT size=3>&nbsp;</FONT></FONT></TD>
    <TD noWrap align=left width="2%"  bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Second Amendment to Vishay Intertechnology, Inc. Fourth
      Amended and Restated Credit Agreement.<FONT size=3>&nbsp;</FONT></FONT></TD></TR></TABLE><BR>
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<PAGE>
<P align=center><B><FONT face=serif size=2>Signature</FONT></B></P>
<P align=left><FONT face=serif size=2>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</FONT></P>
<P align=left><FONT face=serif size=2>Date: August 4,
2009</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" >&nbsp;</TD>
    <TD noWrap align=left width="50%"  colSpan=3><FONT size=2><FONT face=serif>VISHAY
      INTERTECHNOLOGY, INC.<FONT size=3>&nbsp;</FONT></FONT></FONT></TD></TR>
  <TR>
    <TD width="50%" >&nbsp;</TD>
    <TD width="1%" ></TD>
    <TD width="49%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD noWrap align=left width="1%" ><FONT size=2>By:</FONT><FONT size=3>&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><FONT size=2><FONT face=serif>/s/ Lior E. Yahalomi</FONT></FONT><FONT size=3>&nbsp;</FONT></TD>
    <TD noWrap align=left width="48%" >&nbsp;</TD></TR>
  <TR>
    <TD width="50%" >&nbsp;</TD>
    <TD width="1%" >&nbsp;</TD>
    <TD width="49%" colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD noWrap align=left width="50%"  colSpan=3><FONT size=2><FONT face=serif>Name: Dr.
      Lior E. Yahalomi</FONT></FONT><FONT size=3>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD noWrap align=left width="50%"  colSpan=3><FONT size=2><FONT face=serif>Title:
      Executive Vice President and</FONT></FONT><FONT size=3>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD noWrap align=left width="50%"  colSpan=3><FONT size=2><FONT face=serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
      Financial Officer</FONT></FONT><FONT size=3>&nbsp;</FONT></TD></TR></TABLE><BR>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit10-1.htm
<DESCRIPTION>SECOND AMENDMENT TO VISHAY INTERTECHNOLOGY, INC. FOURTH AMENDED AND RESTATED
<TEXT>
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<P align=right><B><FONT face=serif size=2>Exhibit 10.1</FONT></B></P>
<P align=center><B><FONT face=serif size=2>SECOND AMENDMENT TO VISHAY
INTERTECHNOLOGY, INC. FOURTH<BR>AMENDED AND RESTATED CREDIT
AGREEMENT</FONT></B></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>THIS</B><FONT face=serif size=2></FONT> <B>SECOND AMENDMENT</B> (&#147;Second Amendment&#148;) is made as of this
July 31, 2009 by and among the financial institutions signatory hereto
(individually a &#147;Lender,&#148; and any and all such financial institutions
collectively, the &#147;Lenders&#148;), Comerica Bank, as Administrative Agent for the
Lenders (in such capacity, the &#147;Agent&#148;), Vishay Intertechnology, Inc. (&#147;Vishay&#148;)
and the other Permitted Borrowers as defined therein (together with Vishay, the
&#147;Borrowers&#148;).</FONT></P>
<P align=center><B><FONT face=serif size=2>RECITALS</FONT></B></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A. The Borrowers have entered into
that certain Fourth Amended and Restated Credit Agreement dated as of June 24,
2008 (as amended, supplemented, amended and restated or otherwise modified from
time to time, the &#147;Credit Agreement&#148;) with each of the Lenders and the Agent
pursuant to which the Lenders agreed, subject to the satisfaction of certain
terms and conditions, to extend or to continue to extend financial
accommodations to the Borrowers, as provided therein, which has been previously
amended by that certain First Amendment dated as of December 12,
2008.</FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>B. At the request of the Borrowers,
Agent and the Lenders have agreed to make certain amendments and modifications
to the Credit Agreement as set forth below, but only on the terms and conditions
set forth in this Second Amendment.</FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B>NOW THEREFORE</B>, in
consideration of the foregoing and for other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, Borrowers, Agent and
the Lenders agree:</FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1. Section
1.1 of the Credit Agreement is hereby amended by:</FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>inserting the following definitions
into Section 1.1 of the Credit Agreement in their appropriate alphabetical
order:</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;&#147;Defaulting
Lender&#148; shall mean a Lender (a) that has failed to fund its Percentage of any
Advance or to purchase participations in a Swing Line Advance or any
Reimbursement Obligations as required under this Agreement, unless such Lender
is disputing its funding obligation in good faith, (b) that has otherwise failed
to pay to the Agent or any other Lender any other amount required to be paid by
it under the terms of this Agreement or any other Loan Document, unless such
Lender is disputing such obligation to pay any such amount in good faith, (c)
that has been, or whose holding company has been, determined to be insolvent or
that has become subject to a bankruptcy or other similar proceeding, or (d)
which has had a substantial portion of its assets or management (or any material
assets or management of its holding company) taken over by any governmental
authority (provided that the exercise of customary rights of a shareholder by a
governmental authority which owns shares in such Lender (or its holding company)
shall not be covered by this clause (d)).&#148;</FONT></P>
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<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;&#147;Impaired
Lender&#148; means a Defaulting Lender and any other Lender (a) which the Agent, the
Issuing Lender or Swing Line Lender believes, in good faith, has defaulted (and
continues to be in default) in fulfilling its obligations under any other
syndicated credit facilities or as a participant in any other credit facility
and such Lender is not in good faith disputing that such default has occurred,
or (b) which, if carrying an investment grade rating of at least BBB- from
S&amp;P or Baa3 from Moody&#146;s at the time it became a party to this Agreement, no
longer carries an equivalent or better investment grade rating.&#148; </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>deleting the
definition of &#147;Permitted Securitization;&#148; and deleting the definitions of
&#147;Collateral Documents&#148; and &#147;Permitted Borrower Sublimit&#148; as set forth in the
Credit Agreement and inserting the following in their respective places:
</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;&#147;Collateral
Documents&#148; shall mean the Pledge Agreements and each other security agreement,
pledge agreement or other document whereby the Borrowers or any of their
Subsidiaries pledge any of their assets to secure the Indebtedness, and any
other documents related thereto, in each case as the same may be amended,
restated or otherwise modified from time to time.&#148; </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;&#147;Permitted
Borrower Sublimit&#148; shall mean the maximum aggregate amount of Advances and
Letters of Credit (including Letter of Credit Obligations) available at any time
to the Domestic Permitted Borrowers or the Foreign Permitted Borrowers, as set
forth on Schedule 1.6 hereof.&#148;</FONT><B><FONT face=serif size=2> </FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>2.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
2.3(d) of the Credit Agreement is hereby deleted and the following is inserted
in its place: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(d) on the
proposed date of such Revolving Credit Advance, the principal amount of the
Revolving Credit Advance being requested by any Domestic Permitted Borrower or
Foreign Permitted Borrower (determined and tested as aforesaid), plus the
principal amount of any other Revolving Credit Advances and Swing Line Advances
being requested by any Domestic Permitted Borrower or Foreign Permitted Borrower
(as applicable) on such date, plus the principal amount of any other Revolving
Credit Advances and all Swing Line Advances then outstanding to the Domestic
Permitted Borrowers or the Foreign Permitted Borrowers (as applicable)
(determined as aforesaid), plus the Letter of Credit Obligations relating to
Letters of Credit issued for the account of any of the Domestic Permitted
Borrowers or any of the Foreign Permitted Borrowers (as applicable), shall not
exceed the applicable Permitted Borrower Sublimit;&#148; </FONT></P>

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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>3.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
2.5(b)(iv) of the Credit Agreement is hereby deleted and the following is
inserted in its place: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(iv) as of the
proposed date of such Swing Line Advance, the principal amount of the requested
Swing Line Advance to any Domestic Permitted Borrower or Foreign Permitted
Borrower (determined as aforesaid), plus the aggregate principal amount of any
other Swing Line Advances and all other Advances then outstanding to the
Domestic Permitted Borrowers or the Foreign Permitted Borrowers, as applicable
(including, without duplication, Revolving Credit Advances or Swing Line
Advances requested to be made on such date) determined as aforesaid, plus the
aggregate amount of all outstanding Letter of Credit Obligations relating to
Letters of Credit issued for the account of any Domestic Permitted Borrower or
any Foreign Permitted Borrower, as applicable (using the Current Dollar
Equivalent thereof for any Letters of Credit denominated in any Alternative
Currency) shall not exceed the applicable Permitted Borrower Sublimit;&#148;
</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
2.14(b) of the Credit Agreement is hereby deleted and the following is inserted
in its place:</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(b)
</FONT><U><FONT face=serif size=2>Permitted Borrower Sublimit</FONT></U><FONT face=serif size=2>. If at any time and for any reason with respect to the
Domestic Permitted Borrowers (with respect to the Permitted Borrower Sublimit
applicable to the Domestic Permitted Borrowers) or the Foreign Permitted
Borrowers (with respect to the Permitted Borrower Sublimit applicable to the
Foreign Permitted Borrowers), the aggregate principal amount (tested in the
manner set forth in clause (a) above) of all Advances of the Revolving Credit
and of the Swing Line outstanding hereunder to the Domestic Permitted Borrowers
or the Foreign Permitted Borrowers, as applicable, plus the Letter of Credit
Obligations under any Letters of Credit to or for the account of the Domestic
Permitted Borrowers or the Foreign Permitted Borrowers (tested in the manner set
forth in clause (a) above), as applicable, which Advances and Letters of Credit
are made or issued, or to be made or issued, in Dollars and ninety percent (90%)
of the aggregate Current Dollar Equivalent of all such Advances and Letter of
Credit Obligations for the account of Domestic Permitted Borrowers or Foreign
Permitted Borrowers, as applicable, in any Alternative Currency as of such time,
exceeds the applicable Permitted Borrower Sublimit (as used in this clause (b),
the &#147;Excess&#148;), then in each case, the Domestic Permitted Borrowers or the
Foreign Permitted Borrowers, as applicable, shall: </FONT></P>
<P style="PADDING-LEFT: 30pt" align=left><FONT face=serif size=2>(i) immediately
repay that portion of the Indebtedness outstanding to then carried as a
Prime-based Advance, if any, by the Dollar Amount of such Excess, and/or reduce
on such day any pending request for an Advance in Dollars submitted by any
Domestic Permitted Borrower or Foreign Permitted Borrower (as applicable) by the
Dollar Amount of such Excess, to the extent thereof; and</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P style="PADDING-LEFT: 30pt" align=left><FONT face=serif size=2>(ii) on the
last day of each Interest Period of any Eurocurrency-based Advance outstanding
to any Domestic Permitted Borrower or Foreign Permitted Borrower (as applicable)
as of such time, until the necessary reductions of Indebtedness under this
Section 2.14(b) have been fully made, repay such Indebtedness carried in such
Advances and/or reduce any requests for refunding or conversion of such Advances
submitted (or to be submitted) by any Domestic Permitted Borrower or Foreign
Permitted Borrower (as applicable) in respect of such Advances, by the amount in
Dollars or the applicable Alternative Currency, as the case may be, of such
Excess, to the extent thereof.</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Provided that no Default or Event of Default has occurred and
is continuing, each Permitted Borrower&#146;s compliance with this Section 2.14(b)
shall be tested as of the last day of each calendar quarter or, upon the written
request of Company from time to time, as of the last day of each calendar month,
provided Company furnishes Agent with current monthly financial statements
complying with the requirements set forth in Section 7.3(c) hereof. Upon the
occurrence and during the continuance of any Default or Event of Default,
compliance with this Section 2.14(b) shall be tested on a daily or other basis
satisfactory to Agent in its sole discretion.&#148; </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>5.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
3.2(b) of the Credit Agreement is hereby deleted in its entirety and the
following is inserted in its place: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(b) after
giving effect to the Letter of Credit requested (but taking into account any
outstanding Letter of Credit to be replaced thereby), (i) the aggregate amount
of all Letter of Credit Obligations, plus the aggregate amount of all Advances
including, all Advances deemed disbursed in respect of any Account Party&#146;s
Reimbursement Obligations, (calculated on the basis of the Dollar Amount of any
Advances or Letter of Credit Obligations relating to Letters of Credit in each
case denominated in Dollars and the Current Dollar Equivalent of any Advances or
Letter of Credit Obligations relating to Letters of Credit denominated in an
Alternative Currency) hereunder requested or outstanding on such date do not
exceed the then applicable Revolving Credit Aggregate Commitment and (ii) if
requested by a Domestic Permitted Borrower or a Foreign Permitted Borrower, as
applicable, the aggregate amount of all Letter of Credit Obligations issued for
the account of the Domestic Permitted Borrowers or the Foreign Permitted
Borrowers, as applicable, plus the aggregate amount of all Advances to the
Domestic Permitted Borrowers or the Foreign Permitted Borrowers, as applicable,
in each case calculated on the basis of the Dollar Amount of any Advances or
Letter of Credit Obligations relating to Letters of Credit in each case
denominated in Dollars and the Current Dollar Equivalent of any Advances or
Letter of Credit Obligations relating to Letters of Credit denominated in an
Alternative Currency) hereunder requested or outstanding on such date do not
exceed the then applicable Permitted Borrower Sublimit as to the Domestic
Permitted Borrowers or the Foreign Permitted Borrowers, as applicable.&#148;
</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>6.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
3.2 of the Credit Agreement is amended by (i) deleting &#147;and&#148; at the end of
subsection (i); (ii) replacing the period at the end of sub-section (j) with &#147;;
and&#148; and (iii) adding a new subsection (k) as follows: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(k) if any
Revolving Credit Lender is an Impaired Lender, the Issuing Lender has entered
into arrangements satisfactory to it to eliminate the Issuing Lender&#146;s risk with
respect to the participation in Letters of Credit by all such Impaired Lenders,
including, without limitation, the creation of a cash collateral account or
delivery of other security by the Borrowers to assure payment of such Impaired
Lender's Percentage of all outstanding Letter of Credit Obligations.&#148;
</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>7.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>The
following new Section 3.6(e) is inserted after Section 3.6(d) of the Credit
Agreement: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(e) In the
event that any Revolving Credit Lender becomes an Impaired Lender, the Issuing
Lender may, at its option, require that the Borrowers enter into arrangements
satisfactory to it to eliminate the Issuing Lender&#146;s risk with respect to the
participation in Letters of Credit by such Impaired Lender, including, without
limitation, the creation of a cash collateral account or delivery of other
security by the Borrowers to assure payment of such Impaired Lender's Percentage
of all outstanding Letter of Credit Obligations.&#148; </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>8.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
7.6 of the Credit Agreement is hereby deleted and the following is inserted in
its place:</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;7.6
</FONT><U><FONT face=serif size=2>Fixed Charge Coverage Ratio</FONT></U><FONT face=serif size=2>. Maintain, as of the last day of each fiscal quarter, a Fixed
Charge Coverage Ratio of not less than 2.50 to 1.00 for each fiscal quarter
(other than the fiscal quarter ending September 26, 2009 for which a Fixed
Charge Coverage Ratio of not less than 1.75 to 1.00 is to be maintained).&#148;
</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>9.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
8.2(e) is amended to delete the words &#147;and any Permitted Securitization;&#148; and
the text of clause (g) of Section 8.5 is deleted and replaced by the word
&#147;Reserved.&#148; </FONT></P>

<HR align=center width="100%" noShade SIZE=2>
<PAGE>


<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>10.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
11.11 of the Credit Agreement is hereby deleted and the following is inserted in
its place: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;11.11
</FONT><U><FONT face=serif size=2>Substitution of Lenders</FONT></U><FONT face=serif size=2>. If (a) any Lender shall become an Impaired Lender, (b) the
obligation of any Lender to make Eurocurrency-based Advances has been suspended
pursuant to Section 11.5 or 11.6, (c) any Lender has demanded compensation under
Section 3.4(c), 11.5 or 11.7 or (d) any Lender has not approved an amendment,
waiver or other modification of this Agreement, if such amendment or waiver has
been approved by the Required Lenders and the consent of such Lender is required
(in each case, an &#147;Affected Lender&#148;), then the Agent
or the Borrowers shall have the right to make written demand on the Affected
Lender (with a copy to the Borrowers in the case of a demand by the Agent or
with a copy to the Agent in the case of a demand by the Borrowers) to assign and
the Affected Lender shall assign, to one or more financial institutions that
comply with the provisions of Section 13.8 hereof with respect to such
assignment (the &#147;Purchasing Lender&#148; or &#147;Purchasing Lenders&#148;) all of the Affected
Lender&#146;s rights and obligations under this Agreement, the Notes and the other
Loan Documents (including, without limitation, all of its outstanding Advances,
and its participating interests in outstanding Swing Line Advances and Letters
of Credit), and the Purchasing Lender(s) shall assume all of the commitments of
the Affected Lender to extend credit under this Agreement. The Affected Lender
shall be obligated to consummate such assignment and assumption in favor of such
Purchasing Lender or Purchasing Lenders within ten (10) days after receiving
written notice from the Agent or the Borrowers requiring it to do so, at an
aggregate purchase price equal to the outstanding principal amount thereof, plus
unpaid interest accrued thereon up to but excluding the date of the sale. In
connection with any such sale, and as a condition thereof, the Borrowers shall
pay to the Affected Lender all fees accrued for its account hereunder to but
excluding the date of such sale, plus, if demanded by the Affected Lender within
ten (10) Business Days after such sale, (i) the amount of any compensation which
would be due to the Affected Lender under Section 11.1 if the Borrowers had
prepaid the outstanding Eurocurrency-based Advances of the Affected Lender on
the date of such sale and (ii) any additional compensation accrued for its
account under Sections 3.4(c), 11.5 and 11.7 to but excluding said date. Upon
such sale, the Purchasing Lender or Purchasing Lenders shall assume the Affected
Lender&#146;s commitment hereunder, and the Affected Lender shall be released from
its obligations hereunder to a corresponding extent. If any Purchasing Lender is
not already one of the Lenders, the Affected Lender, as assignor, such
Purchasing Lender, as assignee, the Borrowers and the Agent, shall enter into an
Assignment Agreement pursuant to Section 13.8 hereof, whereupon such Purchasing
Lender shall become a Lender party to this Agreement, shall be deemed to be an
assignee hereunder and shall have all the rights and obligations of a Lender,
with Percentages of the applicable credit facilities so assigned equal to those
previously held by the Affected Lender, to the extent so assigned. In connection
with any assignment pursuant to this Section 11.11, the Borrowers or the
Purchasing Lender shall pay to the Agent the administrative fee for processing
such assignment referred to in Section 13.8.&#148; </FONT></P>

<HR align=center width="100%" noShade SIZE=2>
<PAGE>

<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>11.</FONT><FONT face=sans-serif>
</FONT><FONT face=serif size=2>Section 12.15(b) is hereby amended to insert the
following as new clause (iv): </FONT></P>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>&#147;(iv)&nbsp; </FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top align=left width="97%"><FONT face=serif size=2>Each of the Lenders agrees to
      release or not require the delivery of, and hereby irrevocably authorizes
      Agent to release or not require the delivery of, any Pledge Agreement over
      the Equity Interests of a Foreign Significant Subsidiary, or any Guaranty
      or Joinder Agreement executed or to be executed by a Foreign Significant
      Subsidiary where, in the Agent&#146;s sole determination, such Pledge
      Agreement, Guaranty or Joinder Agreement is unduly burdensome or creates
      additional unintended liabilities for any of the Borrowers, their
      respective Subsidiaries, or their directors and/or officers (including,
      but not limited to, personal director and/or officer liability) which are,
      in the Agent&#146;s sole determination, unreasonable; provided, however, that
      the Agent shall not be authorized under this clause (iv) to release any
      such Pledge Agreement, Guaranty or Joinder Agreement where (i) releasing
      such Pledge Agreement (together with each other Pledge Agreement so
      released) has, in the sole determination of the Agent, the effect of
      releasing all or substantially all of the Collateral or (ii) releasing
      such Guaranty or Joinder Agreement has, in the sole determination of the
      Agent, the effect of releasing a material
guaranty.&#148;</FONT></TD></TR></TABLE><BR>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>12.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Section
12.15 is hereby amended to delete the post-amble thereof and insert the
following in its place:</FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(c)
Modification of Guaranties and Pledge Agreements. Each of the Lenders hereby
irrevocably authorizes Agent to (i) limit the terms of any Pledge Agreement over
the Equity Interests of any Foreign Significant Subsidiary, any Guaranty
executed by a Foreign Significant Subsidiary or Joinder Agreement executed by a
Foreign Significant Subsidiary and (ii) enter into any amendment or other
modification of any existing Pledge Agreement over the Equity Interests of any
Foreign Significant Subsidiary, any existing Guaranty executed by a Foreign
Significant Subsidiary or any existing Joinder Agreement executed by a Foreign
Significant Subsidiary, in each case to: (x) meet the requirements of any local
law, statute, regulation, opinion of any local court or other regulatory
authority, (y) avoid the imposition of additional unintended liabilities (due to
any local law provisions) upon any of the Borrowers, their respective
Subsidiaries or their directors and/or officers (including, but not limited to,
personal director and/or officer liability), which are, in the Agent&#146;s sole
determination, unreasonable, and (z) to limit or otherwise make less burdensome
such provisions of any such Pledge Agreement, Guaranty or Joinder Agreement
which, in the Agent&#146;s sole determination, are unduly burdensome. </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Upon request by Agent at any time, Lenders will confirm in
writing Agent&#146;s authority to modify the terms of documentation relating to or
release particular types or items of Collateral, any Guaranty or Joinder
Agreement pursuant to subsections (b) or (c) of this Section 12.15. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P style="PADDING-LEFT: 15pt" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Agent shall not be required to execute any release, amendment
or modification described in this Agreement on terms which, in Agent&#146;s opinion,
would expose Agent to liability or create any obligation or entail any
consequence other than the release, amendment or modification of such Guaranty,
Joinder Agreement or Lien without recourse or warranty. Such release, amendment
or modification shall not in any manner discharge, affect or impair the
Indebtedness or the Liens upon any Collateral retained.&#148; </FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>13.</FONT><FONT face=sans-serif>
</FONT><FONT face=serif size=2>Section 13.8(c)(i)(y) is hereby deleted and the
following is inserted in its place: </FONT></P>
<P style="PADDING-LEFT: 15pt" align=left><FONT face=serif size=2>&#147;(y) the
approval of Company and Agent shall not be required for any such sale, transfer,
assignment or participation to the Affiliate of an assigning Lender, any other
Lender or any Federal Reserve Bank, unless such Lender is an Impaired Lender,&#148;
</FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>14.</FONT><FONT face=sans-serif>
</FONT><FONT face=serif size=2>The following is inserted as new Section 13.26 to
the Credit Agreement: </FONT></P>
<P align=left><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&#147;13.26 </FONT><U><FONT face=serif size=2>Treatment of Defaulting Lenders</FONT></U><FONT face=serif size=2>.
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="100%"><FONT face=serif size=2>The obligation of any Lender to
      make any Advance hereunder shall not be affected by the failure of any
      other Lender to make any Advance under this Agreement, and no Lender shall
      have any liability to the Borrowers or any of their Subsidiaries, the
      Agent, any other Lender, or any other Person for another Lender&#146;s failure
      to make any loan or Advance hereunder.</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>To the extent and for so long as
      a Lender remains a Defaulting Lender under clause (a) or (b) of the
      definition thereof, the Agent shall be entitled, without limitation and
      together with any other rights and remedies available under applicable
      law, (i) to setoff and apply in satisfaction of those obligations for
      payment (and any related interest) in respect of which the Defaulting
      Lender shall be delinquent or otherwise in default (or to hold as cash
      collateral for such delinquent obligations or any future defaults) the
      amounts otherwise payable to such Defaulting Lender under this Agreement
      or any other Loan Document and (ii) to bring an action or other
      proceeding, in law or equity, against such Defaulting Lender in a court of
      competent jurisdiction to recover the delinquent amounts, and any related
      interest. Performance by the Borrowers of their respective obligations
      under this Agreement and the other Loan Documents shall not be excused or
      otherwise modified as a result of the operation of this Section, except to
      the extent expressly set forth herein. Furthermore, the rights and
      remedies of the Borrowers, the Agent, the Issuing Lender, the Swing Line
      Lender and the other Lenders against a Defaulting Lender under this
      section shall be in addition to any other rights and remedies such parties
      may have against the Defaulting Lender under this Agreement or any of the
      other Loan Documents, applicable law or
otherwise.&#148;</FONT></TD></TR></TABLE>
<BR>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>15.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Schedule
1.6 attached to the Credit Agreement is hereby deleted and Schedule 1.6 attached
hereto as Annex A is inserted in its place. Schedule 4.1 attached to the Credit
Agreement is hereby deleted and Schedule 4.1 attached hereto as Annex B is
inserted in its place. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>16.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Each of
the Lenders party hereto hereby agree that any guaranty or Joinder Agreement
executed or to be executed and delivered by any Subsidiary of the Company
incorporated under the laws of Germany may incorporate certain provisions
limiting the liability of the directors and officers of such Subsidiary
substantially in the form attached hereto as Annex C.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>17.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>(a)
Within ninety (90) days of the date hereof (or such longer time period as the
Agent may agree in writing), Vishay and its Significant Domestic Subsidiaries
shall enter into such security agreements and other collateral loan documents
(each in form and substance reasonably acceptable to the Agent) as the Agent
may, in its sole determination, reasonably require, to perfect its lien over
such assets as may be perfected against by the filing of Uniform Commercial Code
financing statements in the appropriate filing offices and by the filing of
appropriate evidences of Lien in the United States Patent and Trademark Office
and the United States Copyright Office, (i) excluding, however, for the
avoidance of doubt, (X) any Liens over the following assets: any fee and
leasehold interests in real property, domestic assets registered and/or located
abroad, assets which by their terms expressly prohibit Vishay or any of its
Significant Domestic Subsidiaries from granting a Lien over such assets (unless
Article 9 of the Uniform Commercial Code specifies that a lien over such asset
may be perfected regardless of such prohibition), bank accounts, securities
accounts and certain other types of assets which, in the Agent&#146;s sole
determination, are of de minis or limited value) and (Y) any requirement that
Vishay and its Significant Domestic Subsidiaries execute and deliver, or cause
to be executed and delivered, any account control agreements, landlord
collateral access agreement and/or bailee waivers and (ii) subject only to such
Liens as are permitted under the Credit Agreement; <U>provided</U>, <U>further</U>, that such
collateral documents shall be accompanied by such authority documents, opinions
and other related documents as the Agent may reasonably request, (b) within one
hundred and eighty (180) days of the date hereof (or such longer time period as
the Agent may agree in writing) cause Vishay Europe Sales GmbH to execute and
deliver a pledge of its accounts receivable and to cause Vishay Europe to
execute and deliver a pledge of its intercompany loans to its material
Subsidiaries (as determined by Agent) in form and substance reasonably
acceptable to the Agent, such pledges to be accompanied by such related
documentation (including opinions and authority documents) as the Agent may
reasonably require and (c) on or before November 30, 2009, Vishay shall pay to
the Agent, for distribution to the Lenders who have approved this Second
Amendment by 5:00 p.m. eastern time on July 31, 2009, according to their
respective Weighted Percentages, a non-refundable amendment fee as follows: if
the Fixed Charge Coverage Ratio for the period ending September 26, 2009 is (i)
less than 2.50 to 1.00 but greater than 2.15 to 1.00, Vishay shall pay a
non-refundable amendment fee of 75 basis points on the amount of Revolving
Credit Aggregate Commitment and the outstanding principal amount of the Term
Loan in effect as of September 26, 2009, or (ii) less than or equal to 2.15 to
1.00 and greater than 1.75 to 1.00, Vishay shall pay a non-refundable amendment
fee of 100 basis points on the Revolving Credit Aggregate Commitment and the
outstanding principal amount of the Term Loan in effect as of September 26,
2009, and (c) by August 7, 2009 (or such longer time period as the Agent may
agree in writing) cause the Significant Foreign Subsidiaries (excluding those
Significant Foreign Subsidiaries formed under the laws of Germany) to execute
and deliver a Reaffirmation of the Foreign Guaranty in form and substance
reasonably acceptable to the Agent.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>18.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>This
Second Amendment shall become effective (according to the terms hereof) on the
date (the &#147;Second Amendment Effective Date&#148;) that the following conditions have
been fully satisfied by the Borrowers (the &#147;Conditions&#148;):</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>Agent shall have received
      counterpart copies (by facsimile or email) of (i) this Second Amendment
      (in form and substance acceptable to Agent), duly executed and delivered
      by the Borrowers and the requisite Lenders, and (ii) that certain
      Reaffirmation of Guaranty by the Significant Domestic Subsidiaries, in
      each case with original signatures to follow promptly
  thereafter.</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>Agent shall have received such
      other documentation as it may reasonably request within a reasonable time
      period following such request, giving consideration to the extent and
      nature of the information so requested. Each of the Borrowers hereby
      represents and warrants that, after giving effect to any amendments,
      consents and waivers contained herein, execution and delivery of this
      Second Amendment and the performance by each of them of their respective
      obligations under the Credit Agreement as amended hereby (herein, as so
      amended, the &#147;Amended Credit Agreement&#148;) are within its company powers,
      have been duly authorized, are not in contravention of law or the terms of
      its operating agreement or other organizational documents, as applicable,
      and except as have been previously obtained, do not require the consent or
      approval, material to the amendments set forth herein, of any governmental
      body, agency or authority, and the Amended Credit Agreement will
      constitute the valid and binding obligations of the Borrowers, as
      applicable, enforceable in accordance with its terms, except as
      enforcement thereof may be limited by applicable bankruptcy,
      reorganization, insolvency, moratorium, fraudulent conveyance, ERISA or
      similar laws affecting the enforcement of creditors&#146; rights generally and
      by general principles of equity (whether enforcement is sought in a
      proceeding in equity or at law).</FONT></TD></TR></TABLE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>19.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Except as
specifically set forth herein, this Second Amendment shall not be deemed to
amend or alter in any respect the terms and conditions of the Credit Agreement
(including without limitation all conditions and requirements for Advances and
any financial covenants) or any of the other Loan Documents, or to constitute a
waiver or release by any of the Lenders or the Agent of any right, remedy,
Collateral, Default or Event of Default under the Credit Agreement or any of the
other Loan Documents, except to the extent specifically set forth herein. Each
of the Borrowers hereby acknowledges and agrees that this Second Amendment and
the amendments contained herein do not constitute any course of dealing or other
basis for altering any obligation of the Borrowers, any other Credit Party or
any other party or any rights, privilege or remedy of the Lenders under the
Credit Agreement, any other Loan Document, any other agreement or document, or
any contract or instrument except as expressly set forth herein. Furthermore,
this Second Amendment shall not affect in any manner whatsoever any rights or
remedies of the Lenders or the Agent with respect to any other non-compliance by
the Borrowers with the Credit Agreement or the other Loan Documents not waived
or otherwise amended hereby, whether in the nature of a Default or Event of
Default, and whether now in existence or subsequently arising, and shall not
apply to any other transaction.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>20.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Each of
the Borrowers hereby acknowledges and confirms that it does not possess any
claim, cause of action, demand, defense, and other right of action whatsoever,
in law or equity against the Agent or any of the Lenders (collectively, the
&#147;Lender Parties&#148;), prior to or as of the date of this Second Amendment by reason
of any cause or matter of any kind or nature whatsoever, including, but not
limited to, any cause or matter arising from, relating to, or connected with, in
any manner the Credit Agreement, any of the Loan Documents, any related
document, instrument or agreement or this Second Amendment (including, without
limitation, any payment, performance, validity or enforceability of any or all
of the indebtedness, covenants, agreements, rights, remedies, obligations and
liabilities under the Credit Agreement, any of the Loan Documents, any related
document, instrument or agreement or this Second Amendment) or any transactions
relating to any of the foregoing, or any or all actions, courses of conduct or
other matters in any manner whatsoever relating to or otherwise connected with
any of the foregoing. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>21.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Each of
the Borrowers hereby reaffirms, confirms, ratifies and agrees to be bound by
each of its covenants, agreements and obligations under the Credit Agreement, as
amended as of the date hereof, and each other Loan Document previously executed
and delivered by it, or executed and delivered in accordance with this Second
Amendment. Each reference in the Credit Agreement to &#147;this Agreement&#148; or &#147;the
Credit Agreement&#148; shall be deemed to refer to Credit Agreement as amended by
this Second Amendment and each previous amendment thereto. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>22.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Unless
otherwise defined to the contrary herein, all capitalized terms used in this
Second Amendment shall have the meanings set forth in the Credit Agreement.
</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>23.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>This
Second Amendment shall be a contract made under and governed by the internal
laws of the State of Michigan, and may be executed in counterpart, in accordance
with the Credit Agreement. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>24.</FONT><FONT face=sans-serif> </FONT><FONT face=serif size=2>Each of
the Borrowers and the Agent agrees that any copy of this Second Amendment (or
any other Loan Document) signed by them and transmitted by facsimile, email or
any other delivery method shall be admissible in evidence as the original itself
in any judicial or administrative proceeding, whether or not the original is in
existence.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>IN
WITNESS WHEREOF</FONT></B><FONT face=serif size=2>, the Borrowers, the Lenders
and Agent have each caused this Second Amendment to be executed by their
respective duly authorized officers or agents, as applicable, all as of the date
first set forth above. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >AGENT:</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top align=left width="49%" colSpan=3><B><FONT face=serif size=2 >COMERICA BANK, </FONT></B><FONT face=serif size=2 >as Agent, Swing Line Lender, Issuing Lender and
      Lender</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" >&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif >&nbsp; </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=serif size=2 >By:&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="32%"><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/</FONT></TD>
    <TD vAlign=top noWrap align=left width="15%" >&nbsp;</TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="47%"  colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >Its: Assistant
      Vice President</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >COMPANY:</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" >&nbsp; </TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><B><FONT face=serif size=2 >VISHAY INTERTECHNOLOGY, INC.</FONT></B></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=serif size=2 >By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="32%"><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Lior E.
      Yahalomi</FONT></TD>
    <TD vAlign=top noWrap align=left width="15%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%">&nbsp; </TD>
    <TD vAlign=top noWrap align=left width="47%" colSpan=2><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dr. Lior E.
      Yahalomi</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="47%"  colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top align=left width="49%" colSpan=3><FONT face=serif size=2 >Its: Executive
      Vice President and Chief Financial Officer</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif >&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >PERMITTED
      BORROWERS:</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><B><FONT face=serif size=2 >SILICONIX INCORPORATED</FONT></B></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=serif size=2 >By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="32%"><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William M.
      Clancy</FONT></TD>
    <TD vAlign=top noWrap align=left width="15%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%">&nbsp; </TD>
    <TD vAlign=top noWrap align=left width="47%" colSpan=2><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William M.
      Clancy</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%" ></TD>
    <TD vAlign=top noWrap align=left width="47%"  colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >Its:
      Secretary</FONT></TD></TR>
  <TR>
    <TD width="50%" ></TD>
    <TD vAlign=top width="49%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><B><FONT face=serif size=2 >SILICONIX TECHNOLOGY C.V.</FONT></B></TD></TR>
  <TR>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%"  colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="2%"><FONT face=serif size=2 >By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" vAlign=top noWrap align=left width="32%"><FONT face=serif size=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William M.
      Clancy</FONT></TD>
    <TD vAlign=top noWrap align=left width="15%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top align=left width="49%" colSpan=3><FONT face=serif size=2 >William M.
      Clancy of Siliconix Semiconductor, Inc., a General Partner of Siliconix
      Technology, C.V.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 ></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >&nbsp;</FONT></TD></TR>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%" ></TD>
    <TD vAlign=top noWrap align=left width="49%" colSpan=3><FONT face=serif size=2 >Its: Assistant
      Secretary</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>


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