exv10w1







	 	 	 	 	 



Exhibit 10.1




SECOND AMENDMENT TO CREDIT AGREEMENT





     THIS SECOND AMENDMENT TO CREDIT AGREEMENT is made as of November 24, 2010 (the “Second
Amendment to Credit Agreement,” or this “Amendment”), among Diodes Incorporated, a Delaware
corporation, and Diodes Zetex Limited, a United Kingdom corporation (collectively, “Borrowers”),
and Bank of America, N.A. (“Lender”).



R E C I T A L S




     A. Borrowers and Lender are parties to that certain Credit Agreement dated as of November 25,
2009, as modified pursuant to the terms of that certain letter dated as of March 31, 2010 from
Administrative Agent to Borrowers and as modified by a First Amendment to Credit Agreement dated as
of July 16, 2010 (the “Original Credit Agreement”).



     B. The parties desire to amend the Original Credit Agreement as hereinafter provided.



     NOW, THEREFORE, in consideration of these premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:



     1. Same Terms. All terms used herein which are defined in the Original Credit
Agreement shall have the same meanings when used herein, unless the context hereof otherwise
requires or provides. In addition, all references in the Loan Documents to the “Agreement” shall
mean the Original Credit Agreement, as amended by this Second Amendment to Credit Agreement, as the
same shall hereafter be amended from time to time. In addition, the following term has the meaning
set forth below:



     “Effective Date” means November 24, 2010.



     2. Amendment to Original Credit Agreement. On the Effective Date, the definition of
“Maturity Date” set forth in the Original Credit Agreement shall be amended as follows:



               “Maturity Date” means November 23, 2011.



     3. Certain Representations. Each Borrower represents and warrants that, as of the
Effective Date: (a) each Loan Party has full power and authority to execute this Amendment, and
this Amendment executed by each Loan Party constitutes the legal, valid and binding obligation of
such Loan Party enforceable in accordance with its terms, except as enforceability may be limited
by general principles of equity and applicable bankruptcy, insolvency, reorganization, moratorium,
and other similar laws affecting the enforcement of creditors’ rights generally; (b) each Security
Document remains in full force and effect; and (c) no authorization, approval, consent or other
action by, notice to, or filing with, any governmental authority or other person is required for
the execution, delivery and performance by each Loan Party thereof except for the approvals,
consents, and authorizations, which have been duly obtained, taken, given, or made and are in full
force and effect. In addition, each Borrower represents that all representations and warranties
contained in the Original Credit Agreement are true and correct in all material respects on and as
of the Effective Date except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct as of such earlier date.



     4. Limitation on Agreements. The modifications set forth herein are limited precisely
as written and shall not be deemed (a) to be a consent under or a waiver of or an amendment to any
other term or condition in the Original Credit Agreement or any of the Loan Documents, or (b) to
prejudice any right or rights which Lender now has or may have in the future under or in connection
with the Original Credit Agreement and the Loan Documents, each as amended hereby, or any of the
other documents referred to herein or therein. This Amendment shall constitute a Loan Document for
all purposes.



     5. Counterparts. This Amendment may be executed in any number of counterparts, each
of which when executed and delivered shall be deemed an original, but all of which constitute one
instrument. In making proof of this Amendment, it shall not be necessary to produce or account for
more than one counterpart thereof signed by each of the parties hereto.



 









 





     6. Incorporation of Certain Provisions by Reference. The provisions of Section 9.13
of the Original Credit Agreement captioned “Governing Law; Jurisdiction; Etc.” and the provisions
of Section 9.14 of the Original Credit Agreement captioned “Dispute Resolution Provision” are
incorporated herein by reference for all purposes.



     7. Entirety and Etc. This Amendment and all of the other Loan Documents embody the
entire agreement between the parties. THIS AMENDMENT AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.



[Remainder of Page Intentionally Blank; Signatures Begin on Next Page]




 









 





     IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the
Effective Date.



	 	 	 	 	 	 	 

	 	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as Lender	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Charles Dale	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Charles Dale	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010	 	 
	 

	 	 	 	 	 	 





 









 






	 	 	 	 	 	 	 

	 	 	BORROWERS:	 	 
	 
	 	 	 	 	 	 
	 	 	DIODES INCORPORATED	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	DIODES ZETEX LIMITED	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Director	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010	 	 
	 

	 	 	 	 	 	 





     The terms of this Amendment are acknowledged and agreed to by Diodes Zetex Semiconductors
Limited and the following Subsidiary Guarantors.



	 	 	 	 	 	 	 

	 	 	DIODES ZETEX SEMICONDUCTORS LIMITED	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Director	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	SUBSIDIARY GUARANTORS:	 	 
	 
	 	 	 	 	 	 
	 	 	DIODES FABTECH INC.	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Director	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	DIODES INVESTMENT COMPANY	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Richard D. White	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Director	 	 
	 

	 	 	 	 	 	 
	 

	 	Date:
	 	November 24, 2010