EXECUTION COPY


EXHIBIT (10.7)


     This is a SECOND AMENDMENT AGREEMENT, dated as of April 6, 2009 (this “Second Amendment”), under the Securities Purchase Agreement, dated as of April 3, 2009 (the “Purchase Agreement”),
as amended by the Amendment Agreement, dated as of April 6, 2009 (the “Amended Purchase Agreement”) by and between J.P. Morgan Securities Inc. (the “Noteholder”) and Albany International Corp. (the
“Company” and together with the Noteholder, the “Parties”). Capitalized terms used but not otherwise defined herein shall have the meaning assigned to them in the Purchase Agreement.


WHEREAS, the Parties entered into the Purchase Agreement pursuant to which the Noteholder agreed to sell, and the Company agreed to purchase, a fixed amount of $93,984,000 in aggregate principal amount of the Company’s 2.25% Senior Notes
due 2026 (the “Securities”) for the Purchase Price (as defined in the Purchase Agreement) per Security;


WHEREAS, the Parties entered into an amendment pursuant to which the Parties agreed that the Noteholder shall sell, and the Company shall purchase, an amount up to $93,984,000 in aggregate principal amount of the Securities owned by the
Noteholder on the Closing Date, and certain other changes; and


WHEREAS, the Parties have agreed to make certain amendments to the terms and conditions of the termination provision of the Amended Purchase Agreement.


NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

	
1.       	
Amendments. The Amended Purchase Agreement is hereby amended such that       
	 
	 	
1.1.             	
each reference to “up to $93,984,000” shall read “up to $94,984,000”;
	 
	 	
1.2.             	
the following provision shall be added as Section 2(d):    
	 	 	 	 
	 	 	     	
      
“The Parties understand and agree that multiple closings may occur on successive business days following the initial closing. If such multiple closings occur, each such successive closing shall occur in the same manner and subject to the
conditions to closing contained herein with respect to the Securities subject to the initial closing.”

    
	 	 	 	 
	 	1.3.	Section 8 (Termination) is replaced in its entirety with the following provision:
	 	 	 	 
	 	 	 	“In the event the Exchange Agreement is terminated pursuant to the terms thereof, or the Exchange does not occur for any other reason by 5:00PM (New York City time) on April 21, 2009, either party may terminate this Agreement by notice to the
other party.”
	 
	
2.       	
Miscellaneous.   


 












	  	
2.1.             	
Effectiveness. The provisions of this Second Amendment shall become effective as of the date when this Second Amendment shall have been duly executed and delivered by each of the Parties.      
	 
	 	
2.2.             	
Effect of the Second Amendment. This Second Amendment supplements and amends the Amended Purchase Agreement and shall be a part, and subject to all the terms, thereof. Except as expressly supplemented or amended hereby, the Amended Purchase
Agreement shall continue in full force and effect.      
	 
	 	
2.3.             	
References to the Agreement. All references in the Purchase Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Purchase Agreement, and all references in each other
document executed or delivered in connection therewith to “the Securities Purchase Agreement,” “thereunder,” “thereof” or words of like import referring to the Purchase Agreement, shall be deemed a reference to the
Amended Purchase Agreement as amended hereby.   
	 
	 	
2.4.             	
Governing Law. This Second Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. The Parties waive any right to trial by jury in any action, proceeding or counterclaim arising out of or relating
to this Second Amendment or any transaction related hereto to the fullest extent permitted by applicable law.   
	 
	 	
2.5.             	
Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof.   
	 
	 	
2.6.             	
Counterparts. The Parties may sign any number of copies of this Second Amendment. Each signed copy shall be an original, but all of them shall represent the same agreement. Delivery of an executed counterpart of a signature page to this
Second Amendment by electronic or facsimile transmission shall be effective as delivery of a manually executed counterpart of this Second Amendment.    



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     IN WITNESS WHEREOF, the Parties hereto have executed this Second Amendment on the date first written above.

		
	 	
ALBANY INTERNATIONAL CORP.
        
	 	 

        
	 	
By: /s/ Michael C. Nahl                             
	 	
        Name: MICHAEL C. NAHL
        
	 	
        Title: EXECUTIVE VP & CEO
        
	 	 

        
	 	
J.P. MORGAN SECURITIES INC.
        
	 	 

        
	 	
By: /s/ Jeff Zajkowski_________
        
	 	
         Name: JEFF ZAJKOWSKI
        
	 	
        Title: MANAGING DIRECTOR
        



Second Amendment to Purchase Agreement 

  Signature Page