Document:

ipla.htm

    INTELLECTUAL PROPERTY LICENSE
AGREEMENT

     

         This Intellectual Property License Agreement (“Agreement”) is entered into as of July 6, 2010 (the
“Effective Date”), by and between Vishay S.A., a French
company, as licensee (“Vishay S.A.”), and Vishay Precision Foil GmbH (“VPG GmbH”).

     

    RECITALS: 

     

         WHEREAS, VPG GmbH is the owner of certain intellectual property formerly
owned by Vishay S.A. and used in the manufacture of finished RCK foil resistor
products (“Licensed IP”); and 

     

         WHEREAS, in order to effect and consummate the separation (the
“Separation”) contemplated by that certain Master
Separation and Distribution Agreement between Vishay S.A. and VPG GmbH’s
affiliate dated as of the 22nd day of June, 2010
(the “Master Separation Agreement”), VPG GmbH desires to grant to Vishay S.A. a
non-exclusive license to the Licensed IP to manufacture, use and sell Licensed
Products (as defined herein) on behalf of VPG GmbH; and 

     

         NOW, THEREFORE, in consideration of the terms and provisions of this
Agreement and the Separation, and for other good and valuable consideration, the
receipt of which is acknowledged by the execution and delivery hereof, VPG GmbH
and Vishay S.A. hereby agree as follows:

     

    Article I

     

    Definitions

     

         Terms used but not otherwise defined herein shall have the meanings given
to them in this Article I. 

     

    
      	A.
	“Licensed Products” shall mean the finished RCK foil
      resistor products specified in Schedule A, that were manufactured by
      Vishay S.A. prior to the Separation.
	            	
            
	B.
	“Manufacturing
      Agreement” shall
      refer to that certain Manufacturing Agreement dated as of July 6, 2010
      between Vishay S.A. and VPG GmbH.

    

     

    Article II

     

    Intellectual Property
License

     

    
      	A.
	License Grant. Subject to the terms and conditions
      set forth in this Agreement, VPG GmbH hereby grants to Vishay S.A., a
      non-exclusive, irrevocable, worldwide right and license to the Licensed IP
      to make, have made, use, sell, offer for sale, export and import Licensed
      Products. Vishay S.A. may only sell and offer for sale Licensed Products
      pursuant to the Manufacturing Agreement to customers of VPG GmbH or as
      otherwise approved in writing by VPG GmbH.
	            	
            
	B.
	License Fees. For the license and rights granted
      herein, Vishay S.A. shall pay VPG GmbH
USD10.

    

    

    
    

    
      	C.
	Improvements. Licensee acknowledges and agrees that
      any modification, change, development, enhancement, derivative or
      improvement (collectively, “Improvements”) made by, or on behalf of, Licensee to
      the Licensed IP or Licensed Product, shall be owned exclusively by
      Licensor, and to the extent that Licensee retains any rights therein,
      Licensee irrevocably assigns all right, title and interest therein to
      Licensor. All Improvements shall be deemed Licensed IP or Licensed
      Products, as appropriate, and shall be subject to the terms of this
      Agreement.
	            	
            
	D.
	Enforcement. Vishay S.A. shall cooperate fully and
      promptly with VPG GmbH in the protection of VPG GmbH’s rights in the
      Licensed IP, in such manner and to such extent as VPG GmbH may reasonably
      request, and at VPG GmbH’s expense.
	
            	 
	
            	
              1. Each party
      shall promptly notify the other party in writing of any actual or
      potential infringement, or any other unauthorized use of or violation of
      the Licensed IP of which it becomes aware (each an “Infringement”). VPG GmbH may take such action as it,
      in its sole discretion, deems necessary or advisable to stop any
      Infringement. Vishay S.A. may request in writing that VPG GmbH institute
      an action to stop an Infringement affecting the Licensed Products. If VPG
      GmbH receives such a written request and does not institute such action
      within thirty (30) days, Vishay S.A. shall be entitled to institute such
      action as it deems necessary or advisable to stop such Infringement, in
      which VPG GmbH shall be entitled to join; provided that Vishay S.A. shall not compromise
      or settle any claim or action regarding the Licensed IP in any manner that
      would affect the rights of VPG GmbH without the written consent of VPG
      GmbH, which consent shall not be unreasonably withheld or delayed. The
      party not taking the lead in any action shall cooperate fully with the
      other party at the other party’s reasonable request and expense, including
      VPG GmbH joining a suit instituted by Vishay S.A. in accordance with this
      Section to the extent necessary for Vishay S.A. to have standing.
      

               

              2. Any monetary
      recovery or sums obtained in settlement of any action to stop an
      Infringement shall be
      allocated between VPG GmbH and Vishay S.A. as shall be fair and equitable,
      taking into account their actual out-of-pocket costs and expenses,
      including reasonable attorneys’ fees, and the damages sustained by each of
      them. Any dispute with respect to the allocation of recoveries shall be
      resolved in accordance with the resolution procedures referred to in
      Article V-P.

            

    

     

    Article III 

     

    Warranties 

     

    
      	A.
	Warranties of the
      Parties. VPG GmbH
      warrants that it has the right and power to enter into this Agreement, and
      that there are no outstanding assignments, grants, licenses, encumbrances,
      obligations or agreements, either written or oral or implied, that prevent
      it from doing so. Vishay S.A. warrants that it has the right and power to
      enter into this Agreement, and that there are no outstanding assignments,
      grants, licenses, encumbrances, obligations or agreements, either written
      or oral or implied, that prevent it from doing so.
	            	
            
	B.
	WARRANTY DISCLAIMER. EXCEPT AS EXPRESSLY SET FORTH IN
      THIS

    

     

    - 2 -

     

    

    
    

    
      	            	
              AGREEMENT, NEITHER
      PARTY MAKES ANY OTHER REPRESENTATION, GUARANTEE OR WARRANTY OF ANY KIND,
      EXPRESS, IMPLIED OR OTHERWISE, UNDER THIS AGREEMENT INCLUDING
      REPRESENTATIONS, GUARANTEES OR WARRANTIES AS TO THE RESULTS TO BE EXPECTED
      FROM USE OF ANY OF THE LICENSED IP OR FROM MANUFACTURE OR SALE OF ANY
      LICENSED PRODUCT. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, VPG
      GMBH SHALL HAVE NO RESPONSIBILITY FOR THE ABILITY OR INABILITY OF VISHAY
      S.A. TO USE THE LICENSED IP; FOR THE CLAIMS OF THIRD PARTIES RELATING TO
      ANY PRODUCTS MANUFACTURED
      OR SOLD BY VISHAY S.A.; OR FOR ANY FAILURE IN PRODUCTION, DESIGN OR
      OPERATION OF ANY PRODUCT MANUFACTURED OR SOLD BY VISHAY S.A. THE
      LIMITATIONS OF LIABILITY CONTAINED IN THIS AGREEMENT ARE A FUNDAMENTAL
      PART OF THE BASIS OF EACH PARTY’S BARGAIN HEREUNDER, AND NEITHER PARTY
      WOULD ENTER INTO THIS AGREEMENT ABSENT SUCH
  LIMITATIONS.

            

    

     

    Article IV

     

    Term

     

    
      	A.
	Term. This Agreement shall remain in full
      force and effect for so long as Vishay S.A. is obligated to manufacture
      and deliver finished RCK products under the Manufacturing
    Agreement.
	            	
            
	B.
	Upon the
      termination of this Agreement, all rights of Vishay S.A. granted hereunder
      shall terminate, and Vishay S.A. shall return or destroy (and certify such
      destruction in writing to VPG GmbH if requested), at VPG GmbH’s election,
      all embodiments of the Licensed IP.
	 
	C.
	All rights and
      remedies of the parties in respect of any breach of this Agreement
      occurring prior to the effective date of its termination shall survive the
      termination of this Agreement. In addition, the following provisions of
      this Agreement shall explicitly survive its termination: Article III (“Warranties”); Article
      IV-B; and Article V
      (“Miscellaneous”).

    

     

    Article V 

     

    Miscellaneous 

     

    
      	A.
            
    	Notices. All notices, demands and other
      communications required to be given to a party hereunder shall be in
      writing and shall be deemed to have been duly given if and when personally
      delivered; one business day after being sent by a nationally recognized
      overnight courier; when transmitted by facsimile and actually received; or
      five (5) days after being mailed by registered or certified mail (postage
      prepaid, return receipt requested) to such party at the relevant street
      address or facsimile number set forth below (or at such other street
      address or facsimile number as such party may designate from time to time
      by written notice in accordance with this
provision):

    

     

    - 3 - 

     

    

    
    

    
      	
              If to Vishay S.A.:

               

              Vishay S.A.
c/o Vishay Intertechnology, Inc.
63 Lancaster
      Avenue
Malvern, PA 19355-2120
Attention: Dr. Lior E. Yahalomi,
      Chief
Financial Officer
Telephone: 610-644-1300
Facsimile:
      610-889-2161

               

              If to VPG GmbH:

               

              Vishay Precision Foil GmbH
c/o Vishay Precision Group
3 Great
      Valley Parkway
Malvern, PA 19355-1307
Attn: William M. Clancy, Chief
      Financial
Officer
Facsimile: (484)-321-5301
Confirm:
      (484)-321-5300

            	        	
              With a copy to:

               

              Kramer Levin Naftalis & Frankel LLP
1177 Avenue of the
      Americas
New York, New York 10036
Attn: Ernest Wechsler,
      Esq.
Facsimile: (212) 715-8000
Confirm: (212) 715-9100

               

              

With a copy to:

               

              Pepper Hamilton LLP
3000 Two Logan Square
Eighteenth and Arch
      Streets
Philadelphia, PA 19103-2799
Attn: Barry Abelson,
      Esq.
Facsimile: (215) 981-4750
Confirm: (215) 981-4000

               

            

    

    
      	B.
	Further Assurances. In addition to the actions
      specifically provided for elsewhere in this Agreement, VPG GmbH and Vishay
      S.A. agree to execute or cause to be executed and to record or cause to be
      recorded such other agreements, instruments and other documents, and to
      take such other action, as reasonably necessary or desirable to fully
      effectuate the intents and purposes of this Agreement.
	            	
            
	C.
	Relationship of the
      Parties. This
      Agreement shall not be construed to place the parties in the relationship
      of legal representatives, partners, joint venturers or agents of or with
      each other. No party shall have any power to obligate or bind the other
      party in any manner whatsoever, except as specifically provided
      herein. 
	 
	D.
	Third Party
      Beneficiaries.
      Except for indemnification of any Indemnified Parties (as hereafter
      defined), the provisions of this Agreement are solely for the benefit of
      the parties hereto and their respective successors and permitted assigns,
      and are not intended to confer upon any person, except the parties hereto
      and their respective successors and permitted assigns, any rights or
      remedies hereunder.
	 
	E.
	Assignability. This Agreement shall be binding upon
      and inure to the benefit of the parties and their respective successors
      and permitted assigns.
	 
	F.
	Press Releases; Public
      Announcements.
      Neither party shall issue any release or make any other public
      announcement concerning this Agreement or the transactions contemplated
      hereby without the prior written approval of the other party, which
      approval shall not be unreasonably withheld or delayed; provided, however, that either party shall be permitted
      to make any release or public announcement that in the opinion of its
      counsel it is required to make by law or the rules of any national
      securities exchange of which its securities are listed; provided further that it has made efforts
  that

    

     

    - 4 - 

     

    

    
    

    
      	
            	
              are reasonable in
      the circumstances to obtain the prior approval of the other
      party.

            
	            	 
	G.
	Waiver of Defaults. Waiver by any party hereto of any
      default by the other party hereto of any provision of this Agreement shall
      not be construed to be a waiver by the waiving party of any subsequent or
      other default, nor shall it in any way affect the validity of this
      Agreement or prejudice the rights of the other party thereafter to enforce
      each and every such provision. No failure or delay by any party hereto in
      exercising any right, power or privilege hereunder shall operate as a
      waiver thereof nor shall any single or partial exercise thereof preclude
      any other or further exercise thereof or the exercise of any other right,
      power or privilege.
	 
	H.
	Severability. If any provision of this Agreement is
      determined by a court of competent jurisdiction to be invalid, void or
      unenforceable, the remaining provisions hereof shall remain in full force
      and effect and shall in no way be affected, impaired or invalidated
      thereby, so long as the economic or legal substance of the transactions
      contemplated hereby, as the case may be, is not affected in any manner
      adverse to any party hereto or thereto. Upon such determination, the
      parties hereto shall negotiate in good faith in an effort to agree upon a
      suitable and equitable provision to effect the original intent of the
      parties hereto.
	 
	I.
	Indemnification. Each of the parties shall indemnify,
      defend and hold harmless the other party, each of its respective current
      and former directors, officers and employees, and each of their respective
      heirs, executors, successors and assigns (“Indemnified Parties”), from and against any and all
      liabilities relating to a claim by a third party arising out of or
      resulting from any breach of, or failure to perform or comply with, any
      covenant, undertaking or obligation of, this Agreement by the indemnifying
      party. All indemnification procedures and payments shall be governed by
      Sections 5.6, 5.7 and 5.8 of the Master Separation Agreement, as
      applicable. The foregoing indemnification obligations shall survive any
      termination or expiration of this Agreement.
	 
	J.
	LIMITATION OF
      LIABILITY. IN NO
      EVENT SHALL VPG GMBH OR VISHAY S.A. BE LIABLE TO THE OTHER FOR ANY
      SPECIAL, CONSEQUENTIAL, INDIRECT, COLLATERAL, INCIDENTAL OR PUNITIVE
      DAMAGES OR LOST PROFITS OR FAILURE TO REALIZE EXPECTED SAVINGS OR OTHER
      COMMERCIAL OR ECONOMIC LOSS OF ANY KIND, ARISING OUT OF THIS AGREEMENT;
      PROVIDED, HOWEVER, THAT THE FOREGOING LIMITATIONS SHALL NOT LIMIT EITHER
      PARTY’S INDEMNIFICATION OBLIGATIONS WITH RESPECT TO THIRD PARTY
      CLAIMS.
	 	
            
	K.
	Confidential
      Information. VPG
      GmbH and Vishay S.A. shall hold and shall cause each of their respective
      affiliates, directors, officers, employees, agents, consultants, advisors
      and other representatives to hold, in strict confidence and not to
      disclose or release without the prior written consent of the other party,
      any and all proprietary or confidential information, material or data of
      the other party that comes into its possession in connection with the
      performance by the parties of their rights and obligations under this
      Agreement. The provisions of Section 4.5 of the Master Purchase Agreement
      shall govern, mutatis mutandis, the confidentiality obligations of the
      parties under this Section.

    

     

    - 5 -

     

    

    
    

    
      	L.
	Attorneys’ Fees. In any action hereunder to enforce the
      provisions of this Agreement, the prevailing party shall be entitled to
      recover its reasonable attorneys’ fees in addition to any other recovery
      hereunder.
	            	
            
	M.
	Governing Law. This Agreement and the legal relations
      between the parties shall be governed by and construed in accordance with
      the laws of the State of New York, without regard to the conflict of laws
      rules thereof to the extent such rules would require the application of
      the law of another jurisdiction.
	 
	N.
	Consent to
      Jurisdiction.
      Subject to the provisions referenced in Article V-P, each of the parties irrevocably
      submits to the jurisdiction of the federal and state courts located in
      Philadelphia, Pennsylvania for the purposes of any suit, action or other
      proceeding to compel arbitration, for the enforcement of any arbitration
      award or for specific performance or other equitable relief pursuant to
      Article V-P. Each of the parties further agrees
      that service of process, summons or other document by U.S. registered mail
      to such parties address as provided in Article V-A shall be effective service of process
      for any action, suit or other proceeding with respect to any matters for
      which it has submitted to jurisdiction pursuant to this Section. Each of
      the parties irrevocably waives any objection to venue in the federal and
      state courts located in Philadelphia, Pennsylvania of any action, suit or
      proceeding arising out of this Agreement or the transactions contemplated
      hereby.
	 
	O.
	Specific Performance. The parties hereto agree that the
      remedy at law for any breach of this Agreement may be inadequate, and that
      any party hereto shall be entitled to specific performance in addition to
      any other appropriate relief or remedy. Such party may, in its sole
      discretion, apply to a court of competent jurisdiction for specific
      performance or injunctive or such other relief as such court may deem just
      and proper in order to enforce this Agreement.
	 
	P.
	Dispute Resolution. The procedures set forth in Article
      VIII of the Master Separation Agreement shall apply to the resolution of
      all disputes arising under this Agreement, except that all proceedings
      provided for therein shall be conducted in Philadelphia,
      Pennsylvania.
	 
	Q.
	Entire Agreement. This Agreement and the Schedules
      hereto, as well as any other agreements and documents referred to herein,
      constitute the entire agreement between the parties with respect to the
      subject matter hereof and supersede all previous agreements, negotiations,
      discussions, understandings, writings, commitments and conversations
      between the parties with respect to such subject matter.
	 
	R.
	Waiver of Jury Trial. SUBJECT TO SECTION L.16, EACH OF THE PARTIES HEREBY WAIVES TO
      THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY
      JURY WITH RESPECT TO ANY COURT PROCEEDING DIRECTLY OR INDIRECTLY ARISING
      OUT OF AND PERMITTED UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.
	
            	 
	S.
	Amendments. No provisions of this Agreement shall
      be deemed amended, modified or

    

     

    - 6 -

     

    

    
    

    
      	
            	
              supplemented by
      any party hereto, unless such amendment, supplement or modification is in
      writing and signed by the authorized representative of the party against
      whom it is sought to enforce such amendment, supplement or
      modification.

            
	            	
            
	T.
	Counterparts. This Agreement may be executed in any
      number of counterparts, including by facsimile or electronic signature,
      and each such counterpart shall be deemed an original instrument, and all
      of such counterparts together shall constitute but one agreement. A
      facsimile or electronic signature is deemed an original signature for all
      purposes under this Agreement.

    

     

     

     

     

    [SIGNATURE PAGES
FOLLOW]

     

    - 7 -

     

    

    
    

           IN WITNESS WHEREOF, the parties have
caused their duly authorized representatives to execute this Agreement as of the
Effective Date. 

     

    
      	
            	
              VISHAY
      S.A.

            
	
            	 
	
            	 
	By: 	/s/ Denis
      Maugest
	
            	Name: 	Denis Maugest
	
            	Title:	Directeur General
	
            	
            	 
	
            	
            	 

    

    
      	
            	
              VISHAY PRECISION
      FOIL GMBH

            
	
            	 
	
            	 
	By: 	/s/ Kai Karstensen
	
            	Name: 	Kai Karstensen
	
            	Title:	General Manager

    

     

    [Signature Page to RCK
Intellectual Property License Agreement]

     

    

    
    

    SCHEDULE A
LICENSED PRODUCTS

     

    RCKHR02LEVB

     

    RCKHR02LEVC

     

    RCKHR02ALEVB

     

    RCKHR02ALEVCexhibit10-12.htm

    Portions of this exhibit were omitted and
filed separately with the Secretary of the Securities and Exchange

Commission pursuant to an application for confidential treatment filed with
the Securities and Exchange 
Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934. Such portions are marked by

[***]. 

     

     

     

    SUPPLY AGREEMENT 

     

    by and between

     

    Vishay Precision Foil
GmbH 

     

    as Supplier

     

     

     

    and

     

    Vishay S.A.,

     

    a French company,

     

     

    
as Buyer

     

    Dated as of July 6,
2010 

     

    

    
    

         This SUPPLY AGREEMENT (this “Agreement”) is made as of July 6, 2010
by and between Vishay Precision Foil GmbH (“Supplier”), and Vishay S.A., a French
company (“Buyer”). Supplier and
Buyer each may be referred to herein as a “Party” and collectively, as the “Parties”. 

     

         WHEREAS, subject to the terms, conditions, commitments and undertakings
herein provided, Supplier is willing to manufacture and sell those products as
set forth on Exhibit A hereto
(as the same may be modified from time to time pursuant to the provisions
hereof, the “Products”) to
Buyer, and Buyer desires to purchase the Products from Supplier, in such
quantities as Buyer shall request , as provided in this Agreement; 

     

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, intending to be
legally bound, agree as follows: 

     

    ARTICLE I 
DEFINITIONS 

     

         For purposes of this Agreement, the
following terms shall have the meanings specified in this Article I:

     

         “Affiliate” means, as
applied to any Person, any other Person that, directly or indirectly, controls,
is controlled by, or is under common control with that Person as of the date on
which or at any time during the period for when such determination is being
made. For purposes of this definition, “control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting
securities or other interests, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative
to the foregoing. 

     

         “Applicable Law” means
any applicable law, statute, rule or regulation of any Governmental Authority,
or any outstanding order, judgment, injunction, ruling or decree by any
Governmental Authority. 

     

         “Buyer” has the meaning set forth in
the preamble of this Agreement. 

     

         “Confidential
Information” means all proprietary, design or operational information,
data or material including, without limitation: (a) specifications, ideas and
concepts for goods and services; (b) manufacturing specifications and
procedures; (c) design drawings and models; (d) materials and material
specifications; (e) quality assurance policies, procedures and specifications;
(f) customer, client, manufacturer and supplier information; (g) computer
software and derivatives thereof relating to design development or manufacture
of goods; (h) training materials and information; (i) inventions, devices, new
developments, methods and processes, whether patentable or unpatentable and
whether or not reduced to practice; (j) all other know-how, methodology,
procedures, techniques and Trade Secrets; (k) proprietary earnings reports and
forecasts; (l) proprietary macro-economic reports and forecasts; (m) proprietary
marketing, advertising and business plans, objectives and strategies; (n)
proprietary general market evaluations and surveys; (o) proprietary financing
and credit-related information; (p) other copyrightable or patented works; (q)
the terms of this Agreement; and (r) all similar and related information in
whatever form; in each case, of one party which has been disclosed by Supplier
or members of its Group on the one hand, or Buyer or members of its Group, on
the other hand, in written, oral (including by recording), electronic, or visual
form to, or otherwise has come into the possession of, the other Group.

     

         “DDP” has the meaning and
usage assigned to such words in the incoterms rules published by the
International Chamber of Commerce. 

     

         “Firm Order” means
Buyer’s non-cancelable purchase order for Products to be purchased by Buyer from
Supplier pursuant to this Agreement for delivery. 

     

    

    
    

         “Governmental Authority”
means any U.S. or non-U.S. federal, state, local, foreign or international
court, arbitration or mediation tribunal, government, department, commission,
board, bureau, agency, official or other regulatory, administrative or
governmental authority. 

     

         “Group” means, with
respect to any Person, each Subsidiary of such Person and each other Person that
is controlled directly or indirectly by such Person. 

     

         “Intellectual Property”
means all domestic and foreign patents and patent applications, together with
any continuations, continuations-in-part or divisional applications thereof, and
all patents issuing thereon (including reissues, renewals and re-examinations of
the foregoing); design patents; invention disclosures; mask works; all domestic
and foreign copyrights, whether or not registered, together with all copyright
applications and registrations therefor; all domain names, together with any
registrations therefor and any goodwill relating thereto; all domestic and
foreign trademarks, service marks, trade names, and trade dress, in each case
together with any applications and registrations therefor and all goodwill
relating thereto; all Trade Secrets, commercial and technical information,
know-how, proprietary or Confidential Information, including engineering,
production and other designs, notebooks, processes, drawings, specifications,
formulae, and technology; computer and electronic data processing programs and
software (object and source code), data bases and documentation thereof; all
inventions (whether or not patented); all utility models; all registered
designs, certificates of invention and all other intellectual property under the
laws of any country throughout the world. 

     

         “Last-Time Buy Order” has the meaning
set forth in Section 3.5. 

     

         “Liability” means, with
respect to any Person, any and all losses, claims, charges, debts, demands,
Actions, causes of action, suits, damages, obligations, payments, costs and
expenses, sums of money, accounts, reckonings, bonds, specialties, indemnities
and similar obligations, exoneration covenants, obligations under contracts,
guarantees, make whole agreements and similar obligations, and other liabilities
and requirements, including all contractual obligations, whether absolute or
contingent, matured or unmatured, liquidated or unliquidated, accrued or
unaccrued, known or unknown, joint or several, whenever arising, and including
those arising under any Applicable Law, action, threatened or contemplated
action (including the costs and expenses of demands, assessments, judgments,
settlements and compromises relating thereto and attorneys’ fees and any and all
costs and expenses, whatsoever reasonably incurred in investigating, preparing
or defending against any such actions or threatened or contemplated actions) or
order of any Governmental Authority or any award of any arbitrator or mediator
of any kind, and those arising under any contract, in each case, whether or not
recorded or reflected or otherwise disclosed or required to be recorded or
reflected or otherwise disclosed, on the books and records or financial
statements of any Person, including any Liability for taxes. 

     

         “Person” (whether or not
initially capitalized) means any corporation, limited liability company,
partnership, firm, joint venture, entity, natural person, trust, estate,
unincorporated organization, association, enterprise, government or political
subdivision thereof, or Governmental Authority. 

     

         “Product” has the meaning set forth in
the preamble of this Agreement. 

     

         “Product Warranty” has the meaning set
forth in Section 5.1(a).

     

         “Subsidiary” of any
Person means a corporation or other organization whether incorporated or
unincorporated of which at least a majority of the securities or interests
having by the terms thereof ordinary voting power to elect at least a majority
of the board of directors or others performing similar functions with respect to
such corporation or other organization is directly or indirectly owned or
controlled by such Person or by any one or more of its Subsidiaries, or by such
Person and one or more of its Subsidiaries; provided, however, that no Person that is not
directly or indirectly wholly-owned by any other Person shall be a Subsidiary of
such other Person unless such other Person controls, or has the right, power or
ability to control, that Person. 

     

         “Supplier” has the meaning set forth in
the preamble of this Agreement. 

     

    -2- 

     

    

    
    

         “Supplier’s Other Manufacturing
Obligations” means the manufacturing obligations and commitments of
Supplier to Persons other than Buyer, including Supplier’s Affiliates.

     

         “Specifications” means,
with respect to any Product, the design, composition, dimensions, other physical
characteristics, chemical characteristics, packaging, unit count and trade dress
of such Product. 

     

         “Term” has the meaning set forth in
Section 6.1. 

     

         “Trade Secrets” means
information, including a formula, program, device, method, technique, process or
other Confidential Information that derives independent economic value, actual
or potential, from not being generally known to the public or to other Persons
who can obtain economic value from its disclosure or use and is the subject of
efforts that are reasonable, under the circumstances, to maintain its secrecy.

     

         “Wholly-Owned Subsidiary”
of a Person means a Subsidiary of that Person substantially all of whose voting
securities and outstanding equity interest are owned either directly or
indirectly by such Person or one or more of its Subsidiaries or by such Person
and one or more of its Subsidiaries. 

     

         The terms “herein”,
“hereof”, “hereunder” and like terms, unless
otherwise specified, shall be deemed to refer to this Agreement in its entirety
and shall not be limited to any particular section or provision hereof. The term
“including” as used herein shall
be deemed to mean “including, but not limited to.” The term “days” shall refer to calendar days
unless specified otherwise. References herein to “Articles”, “Sections” and “Exhibits” shall be deemed to mean
Articles, Sections of and Exhibits to this Agreement unless otherwise specified.

     

    ARTICLE II 
PURCHASE AND SALE OF PRODUCTS 

     

         Section 2.1.
Agreement to Purchase and Sell
Products. (a) During the Term, Supplier hereby agrees to manufacture and
sell to Buyer, and Buyer hereby agrees to purchase and accept from Supplier, the
Products in such quantities, within such delivery deadlines and on such other
terms as reasonably necessary to enable Buyer to fill orders submitted by Vishay
Precision Foil GmbH (“VPG GmbH”) for finished RCK foil products under the
Manufacturing Agreement dated as of even date herewith between Buyer and VPG
GmbH, as may be amended or supplemented from time to time (the “Manufacturing Agreement”).
Notwithstanding the foregoing, and in the event that Buyer reasonably believes
that Supplier’s manufacturing and delivery schedule will cause Buyer to breach
its obligations under the Manufacturing Agreement, the parties agree to
cooperate in good faith to avoid a breach of either this Agreement or the
Manufacturing Agreement. 

     

              (b) All Products to be sold to Buyer pursuant to this Agreement shall be
manufactured by Supplier or an Affiliate of Supplier; provided, however, that Supplier may subcontract
the manufacture of any Product to a manufacturer that is not an Affiliate of
Supplier with Buyer’s prior written consent, which consent shall not be
unreasonably withheld, provided
that any such subcontracting shall not relieve Supplier of its obligations
hereunder. 

     

         Section 2.2.
Product Specifications and Changes.
Supplier shall manufacture all Products according to the Specifications in
effect as of the date of this Agreement, with such changes or additions to the
Specifications of the Products as and to the extent necessary in order to enable
Buyer to comply with the Manufacturing Agreement or as mutually agreed between
the Parties. All other Products shall be manufactured with such Specifications
as the Parties shall agree. 

     

         Section 2.3.
Supplier’s Supply Obligations.
Supplier shall be obligated to manufacture and sell Products to Buyer, in
accordance with Buyer’s Firm Orders, to the extent of Supplier’s then existing
manufacturing capacity, taking into account Supplier’s Other Manufacturing
Obligations; provided, however, the Supplier shall give equal
priority to the orders of Buyer, on the one hand, and Supplier’s Other
Manufacturing Obligations, on the other. 

     

    -3- 

     

    

    
    

         Section 2.4.
Product Changes. Supplier shall
communicate any change in the Specifications for any Product or its manufacture
in accordance with Supplier’s product change notification process. Buyer shall
be deemed to have accepted such change unless, within thirty (30) days after
receipt of notice from Supplier, Buyer informs Supplier that such change is not
acceptable. If Buyer informs Supplier that such change is not acceptable,
Supplier may by notice to Buyer either (x) continue to supply the Product in
accordance with the original Specifications and manufacturing procedures or (y)
terminate this Agreement with respect to such Product on a date specified by
Supplier in a notice of termination, which date shall not be earlier than the
earlier of one (1) year from the date of Buyer’s information that it does not
accept the change proposed by Supplier, subject to the right of the Buyer to
submit a Last-Time Buy Order in accordance with Section 3.5. Supplier shall not change
the Specifications if to do so would prevent Buyer from being able to comply
with its obligations under the Manufacturing Agreement.

     

         Section 2.5. Product Discontinuation. At any time
Supplier may notify Buyer that Supplier is discontinuing the manufacture and
sale of a Product. Such discontinuation shall take effect on a date specified by
Supplier in a notice of discontinuation, which date shall not be earlier than
one (1) year from the date of the notice of discontinuation; subject to the
right of the Buyer to submit a Last-Time Buy Order in accordance with Section 3.5. To the extent that a
discontinuation by VAT under this Section 2.5 causes Buyer to be unable to
satisfy its obligations under the Manufacturing Agreement, Buyer shall be
released from any claims of breach of this Agreement caused by such
discontinuation.

     

         Section 2.6. Consultation and Support. At either
Party’s
reasonable request, the Parties shall meet and discuss the nature, quality and
level of supply services contemplated by this Agreement. In addition, Supplier
will make available on a commercially reasonable basis and at commercially
reasonable times qualified personnel to provide knowledgeable support service
with respect to the Products. The Parties shall negotiate in good faith with
respect to any fees and other charges incurred by Supplier in providing other
than routine product support.

     

    ARTICLE
III 
ORDERS AND PAYMENT

     

         Section 3.1.
Purchase Orders. (a) Buyer may place a
Firm Order for the Products with Supplier at any time and from time to time.

     

              (b) Each Firm Order shall specify (i) number of units of the Product to be
purchased and (ii) the requested delivery date, provided that Buyer shall
request a delivery date with a lead delivery time that is customary for the
particular Product, unless otherwise agreed upon by the Parties. Supplier agrees
to provide Buyer prompt notice if it knows it cannot meet a requested delivery
date. 

     

              (c) If Buyer requires a Product on an emergency basis in order to comply with
its obligations under the Manufacturing Agreement and so informs Supplier, and
Supplier has the Product available in its uncommitted inventory, Supplier agrees
to use reasonable commercial efforts to fill the emergency order as promptly as
practicable. 

     

         Section 3.2. Shipment. 

     

              (a) The Products sold to Buyer shall be delivered DDP Buyer’s factory unless
otherwise agreed by the Parties. 

     

              (b) Supplier shall package all Products so as to protect them from loss or
damage during shipment, in conformity with good commercial practice, the
Specifications and Applicable Law. Buyer shall be responsible, at its own cost
and expense, for the shipment (including, among other fees, costs and expenses,
transit and casualty insurance and third party fees) of all processed materials
by Buyer. Supplier shall cooperate with Buyer in assembling and coordinating
shipments, as reasonably requested by Buyer. 

     

    -4- 

     

    

    
    

         Section 3.3.
Prices. Pricing for the Products shall
be as set forth on Exhibit A, as
such Exhibit may be modified from time to time by agreement of the Parties. At
least thirty (30) days prior to the beginning of each calendar year, the Parties
shall negotiate in good faith changes to the pricing of the Products to be
applicable in the ensuing year. The Parties will assure that any changes in the
prices are coordinated with pricing changes under the Manufacturing Agreement.

     

         Section 3.4.
Payment Terms. Unless otherwise agreed
to by the Parties in writing, Buyer shall make payment separately for each Firm
Order. Buyer shall pay the net amount of all invoice amounts within sixty (60)
days of the date of Supplier’s invoice unless the terms of Supplier’s invoice
permits later payment or allows for prepayment with a discount. Invoices shall
not be sent earlier than the date on which the Products related thereto are
delivered to Buyer. 

     

         Section 3.5. Last-Time Buy Order.

     

              (a) Buyer shall have a right to place a written last-time Firm Order for a
Product (a “Last-Time Buy
Order”) at such time and in such quantities as may be required in order
to comply with a last-time buy order under the Manufacturing Agreement. The
right of the Buyer to submit a Last-Time Buy Order shall entitle Buyer to
purchase the Products at the price in effect for the products as of the time of
Buyer’s exercise of such right. 

     

              (b) A Last-Time Buy Order shall specify (i) number of units of the Product to
be purchased and (ii) the requested delivery date or dates for such units. If
Supplier informs Buyer that it cannot honor the requested delivery dates because
of capacity restraints or otherwise, the Parties shall negotiate in good faith
with respect to delivery dates mutually acceptable to Supplier and Buyer.

     

              (c) The Parties hereby agree to use commercially reasonable efforts to
coordinate forecasting and ordering during the period between the date the
Last-Time Buy Order is delivered to Supplier and the final delivery date to
allow for regular supply of Products during such period. 

     

    ARTICLE IV 
CONFIDENTIALITY 

     

         Section 4.1.
Supplier and Buyer shall hold and
shall cause each of their respective affiliates, directors, officers, employees,
agents, consultants, advisors and other representatives to hold, in strict
confidence and not to disclose or release without the prior written consent of
the other party, any and all Confidential Information, material or data of the
other party that comes into its possession in connection with the performance by
the parties of their rights and obligations under this Agreement. The provisions
of Section 4.5 of the Master Separation and Distribution Agreement between
Vishay Intertechnology, Inc. and the Buyer shall govern, mutatis mutandis, the
confidentiality obligations of the parties under this Section. 

     

    ARTICLE V 
PRODUCT WARRANTY; LIMITATION OF LIABILITY 

     

         Section 5.1.
Product Warranty; Merchantability
Warranty. (a) Supplier warrants to Buyer that the Products shall, at the
time of delivery to Buyer in accordance with Section 3.2: (i) conform to the
Specifications therefor, as provided in Section 2.2; (ii) be free from
material defects; (iii) be manufactured in accordance with good manufacturing
practice and Applicable Law; and (iv) and be suitable for use for manufacturing
the finished RCK products under the Manufacturing Agreement (such warranty being
referred to as the “Product
Warranty”). 

     

              (b) EXCEPT AS SPECIFICALLY PROVIDED IN THIS AGREEMENT, NO WARRANTIES, OTHER THAN THE PRODUCT WARRANTY,
ARE EXPRESSED OR IMPLIED IN RESPECT OF THE PRODUCTS, INCLUDING ANY IMPLIED
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

     

    -5- 

     

    

    
    

         Section 5.2.
Defective or Non-Conforming Products.
(a) Claims by Buyer relating to the quantity of or damage to any Product or the
failure of any Product to conform to its Specifications must be made within one
(1) year of receipt of such Product and must be in writing, specifying in
reasonable detail the nature and basis of the claim and citing relevant control
or lot numbers or other information to enable identification of the Product in
question. Supplier’s liability to Buyer for damages for any such claim shall be
limited to a refund for the price of the defective Product plus shipping costs
or, at Buyer’s option, prompt replacement thereof with a Product that complies
with the Product Warranty. Such refund and shipping costs or a replacement shall
constitute Supplier’s sole and exclusive liability for such claims. For the
avoidance of doubt, nothing shall limit the obligations of Supplier to Buyer in
respect of third party claims against Buyer arising from the failure of any
Product to conform to its Specifications. 

     

              (b) Any notifications to either Party pursuant to this Section 5.2 shall be subject to the
confidentiality provisions of Article
V above. 

     

         Section 5.3.
Indemnification. (a) Subject to Section 5.4, Supplier shall indemnify
and hold Buyer harmless from and against any Liability, including reasonable
attorney’s fees and disbursements, arising out of any third party claim for
death, injury or damage to property resulting from (i) Supplier’s breach of this
Agreement; or (ii) any claim that a Product purchased from Supplier infringes
any intellectual property right of a third party. 

     

              (b) Buyer shall indemnify and hold harmless Supplier from and against any
Liability, including reasonable attorneys’ fees and disbursements, arising out
of any third party claim for death, injury or damage to property resulting from
use of any of the Products based upon (i) Buyer’s breach of this Agreement; or
(ii) any change in condition of the Products caused by Buyer. 

     

              (c) Any Party seeking indemnification pursuant to this Section 5.3 shall promptly notify the
other Party of the claim as to which indemnification is sought, shall afford the
other Party, at the other Party’s sole expense, the opportunity to defend or
settle the claim (in which case the indemnifying Party shall not be responsible
for the attorneys’ fees of the indemnified Party with respect such claim) and
shall cooperate to the extent reasonably requested by the other Party in the
investigation and defense of such claim; provided, however, that any settlement of any
such claim that would adversely affect the rights of the indemnified Party shall
require the written approval of such indemnified Party; and provided further that an indemnified Party
shall not settle any such claim without the written approval of the indemnifying
Party. 

     

              (d) The foregoing indemnification obligations shall survive any termination
or expiration of this Agreement, in whole or in part, or the termination of this
Agreement. 

     

         Section 5.4.
Limitation of Liability. In no event
shall any Party be liable for any special, consequential, indirect, collateral,
incidental or punitive damages or lost profits or failure to realize expected
savings or other commercial or economic loss of any kind, arising out of any
breach of this Agreement, including breach of the Product Warranty, or any other
obligations of any Party hereunder, or any use of the Products, and each Party
hereby knowingly and expressly waives any claims or rights with respect thereto;
provided, however, that in the event a Party is
required to pay to a third-party claimant any special, consequential, indirect,
collateral, incidental or punitive damages or lost profits or failure to realize
expected savings or other commercial or economic loss on any claim with respect
to which such Party is indemnified by the other Party pursuant to this
Agreement, such Party shall be entitled to indemnification from the other Party
with respect to such third-party special, consequential, indirect, collateral,
incidental or punitive damages or lost profits or failure to realize expected
savings or other commercial or economic loss to the extent resulting from the
indemnifiable acts or omissions of the other Party. 

     

         Section 5.5.
Insurance. Each of the Parties shall
maintain general liability insurance covering their activities under this
Agreement in accordance with prudent and customary commercial practices, in such
amounts as shall be agreed upon from time to time by the Parties. 

     

    -6- 

     

    

    
    

    ARTICLE VI 
TERM OF AGREEMENT; RENEWAL TERM; TERMINATION 

     

         Section 6.1.
Term of Agreement. This Agreement
shall remain in full force and effect for so long as Vishay S.A. is obligated to
manufacture finished RCK products under the Manufacturing Agreement (the “Term”). 

     

         Section 6.2.
Rights Upon Termination. Following a
termination of this Agreement, all further rights and obligations of the Parties
under this Agreement shall terminate. Notwithstanding the foregoing, the
termination of this Agreement shall not affect the rights and obligations of the
Parties arising prior to such expiration or termination; and provided further that the Parties shall not be
relieved of (i) their respective obligations to pay monies due or which become
due as of or subsequent to the date of expiration or termination, and (ii) any
other respective obligations under this Agreement which specifically survive or
are to be performed after the date of such expiration or termination, including
the provisions of Article V and
6.3. Any Firm Order, including a
Last-Time Buy Order, submitted prior to the expiration or termination of this
Agreement shall be filled by Supplier pursuant to the terms hereof even if the
delivery date is after expiration or termination. 

     

    ARTICLE
VII 
DISPUTE RESOLUTION

     

         Section 7.1.
The terms and provisions of
Article VIII of the Master Separation and Distribution Agreement between VSH and
VPG, relating to the procedures for resolution of any disputes between the
parties, shall apply to all disputes, controversies or claims (whether sounding
in contract, tort or otherwise) that may arise out of or relate to or arise
under or in connection with this Agreement, or the transactions contemplated
hereby, mutatis
mutandis. 

     

    ARTICLE VIII

MISCELLANEOUS 

     

         Section 8.1.
Assignment. This Agreement and the
rights and obligations of a Party hereunder shall be assignable or delegable, in
whole or in part, (i) by Supplier without the consent of Buyer, to a
Wholly-Owned Subsidiary of Supplier that succeeds to the conduct of the foil
resistor business responsible for supplying the Products; (ii) by Buyer without
the consent of Supplier, to a Wholly-Owned Subsidiary of Buyer or to any Person
that succeeds to the obligations of Buyer under the Manufacturing Agreement; or
(iii) by either Party, to any Person who is not a Wholly-Owned Subsidiary of a
Party only with the prior written consent of the other Party; provided, however, that no such assignment shall
relieve the assigning Party of liability for its obligations hereunder. The
following actions shall not be deemed an assignment of this Agreement: (1)
assignment or transfer of the stock of a Party, including by way of a merger,
consolidation, or other form of reorganization in which outstanding shares of a
Party are exchanged for securities, or (2) any transaction effected primarily
for the purpose of (A) changing a Party’s state of incorporation or (B)
reorganizing a Party into a holding company structure such that, as a result of
any such transaction, such Party becomes a Wholly-Owned Subsidiary of a holding
company owned by the holders of such Party’s securities immediately prior to
such transaction. Any attempted assignment other than as provided herein shall
be void. The provisions of this Agreement shall be binding upon, and shall inure
to the benefit of, the successors and permitted assigns of the Parties.

     

         Section 8.2.
Force Majeure. The Parties shall not
be liable for the failure or delay in performing any obligation under this
Agreement (except pursuant to Section
6.4) if and to the extent such failure or delay is due to (i) acts of
God; (ii) weather, fire or explosion; (iii) war, invasion, riot or other civil
unrest; (iv) governmental laws, orders, restrictions, actions, embargoes or
blockages; (v) action by any regulatory authority which prohibits the
manufacture, sale or distribution of the Products, except to the extent due to
Supplier’s breach of its obligations hereunder; (vi) regional, national or
foreign emergency; (vii) injunction, strikes, lockouts, labor trouble or other
industrial disturbances; (viii) shortage of adequate fuel, power, materials, or
transportation facilities; or (ix) any other event which is beyond the
reasonable control of the affected Party; provided, however, that the Party affected shall
promptly notify the other Party of the force majeure condition and shall exert
its reasonable commercial efforts to eliminate, cure or overcome any such causes
and to resume performance of its obligations as soon as possible. 

     

    -7- 

     

    

    
    

         Section 8.3.
Intellectual Property. All
Intellectual Property owned or created by a Party shall remain its sole and
exclusive property, and the other Party shall not acquire any rights therein by
reason of this Agreement. 

     

         Section 8.4.
Entire Agreement. This Agreement and
the Exhibits hereto constitute the entire agreement between the Parties with
respect to the subject matter hereof and thereof and supersede all previous
agreements, negotiations, discussions, understandings, writings, commitments and
conversations between the parties with respect to such subject matter. No
agreements or understandings exist between the parties other than those set
forth or referred to herein or therein. If any provision of this Agreement or
the application thereof to any Party or circumstance shall be declared void,
illegal or unenforceable, the remainder of this Agreement shall be valid and
enforceable to the extent permitted by Applicable Law. In such event, the
Parties shall use their best efforts to replace the invalid or unenforceable
provision with a provision that, to the extent permitted by Applicable Law,
achieves the purposes intended under the invalid or unenforceable provision.

     

         Section 8.5.
Governing Law. This Agreement and the
legal relations between the parties shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the
conflict of laws rules thereof to the extent such rules would require the
application of the law of another jurisdiction. 

     

         Section 8.6.
Consent to Jurisdiction. Subject to
the provisions of Article VII,
each of the Parties irrevocably submits to the jurisdiction of the federal and
state courts located in Philadelphia, Pennsylvania and the City of New York,
Borough of Manhattan for the purposes of any suit, action or other proceeding to
compel arbitration, for the enforcement of any arbitration award or for specific
performance or other equitable relief pursuant to Section 8.16. Each of the parties
further agrees that service of process, summons or other document by U.S.
registered mail to such parties address as provided in Section 8.10 shall be effective
service of process for any action, suit or other proceeding with respect to any
matters for which it has submitted to jurisdiction pursuant to this Section 8.6. Each of the parties
irrevocably waives any objection to venue in the federal and state courts
located in Philadelphia, Pennsylvania and the City of New York, Borough of
Manhattan of any action, suit or proceeding arising out of this Agreement or the
transactions contemplated hereby for which it has submitted to jurisdiction
pursuant to this Section 8.6, and waives any claim that any such action, suit or
proceeding brought in any such court has been brought in an inconvenient forum.

     

         Section 8.7.
Independent Contractor. Nothing
contained in this Agreement shall constitute a Party as a partner, employee or
agent of the other Party, nor shall any Party hold itself out as such. Neither
Party shall have the right or authority to incur, assume or create, in writing
or otherwise, any warranty, Liability or other obligation of any kind, express
or implied, in the name or on behalf of the other Party, and each Party is and
shall remain an independent contractor, responsible for its own actions. Except
as otherwise explicitly provided herein, each Party shall be responsible for its
own expenses incidental to its performance of this Agreement. 

     

         Section 8.8.
Set-Off. The obligation of Buyer to
pay the purchase price for Products shall be unconditional, except as provided
in this Agreement, and shall not be subject to any defense, setoff, counterclaim
or similar right against Supplier or any of its Affiliates that could be
asserted by Buyer or any of its Affiliates under any other contract, agreement,
arrangement or understanding or otherwise under Applicable Law. 

     

         Section 8.9.
Waivers. No claim or right arising out
of or relating to a breach of any provision of this Agreement can be discharged
in whole or in part by a waiver or renunciation of the claim or right unless the
waiver or renunciation is supported by consideration and is in writing signed by
the aggrieved Party. Any failure by any Party to enforce at any time any
provision under this Agreement shall not be considered a waiver of that Party’s
right thereafter to enforce each and every provision of this Agreement.

     

         Section 8.10.
Notices. All notices, demands and
other communications required to be given to a Party hereunder shall be in
writing and shall be deemed to have been duly given if personally delivered,
sent by a nationally recognized overnight courier, transmitted by facsimile, or
mailed by registered or certified mail (postage prepaid, return receipt
requested) to such Party at the relevant street address or facsimile number set
forth below (or at such other street address or facsimile number as such Party
may designate from time to time by written notice in accordance with this
provision): 

     

    -8- 

     

    

    
    

              If to
Buyer, to: 

    
    

     

    
      	                    
      	Vishay S.A.
c/o
      Vishay Intertechnology, Inc.
63 Lancaster Avenue
Malvern, PA
      19355-2120
	 	Attention: 
      	Dr. Lior E.
      Yahalomi
	 	Telephone: 
      	610-644-1300
	 	Facsimile:	610-889-2161

    

     

              with a
copy to: 

     

    
      	                    
      	Kramer Levin
      Naftalis & Frankel LLP
1177 Avenue of the Americas
New York, NY
      10036
	 	Attention: 
      	Ernest S. Wechsler,
      Esq.
	 	Telephone: 
      	212-715-9100
	 	Facsimile:	212-715-8000

    

    
          If to
Supplier, to: 

     

    
      	                    
      	Vishay Precision
      Foil GmbH
c/o Vishay Precision Group, Inc.
3 Great Valley
      Parkway
Malvern, PA 19355-1307
	 	Attention: 
      	William M.
      Clancy
	 	Telephone: 
      	(484)-321-5300
	 	Facsimile:	(484)-321-5301

    

    
          with a
copy to: 

     

    
      	                    
      	Pepper Hamilton
      LLP
3000 Two Logan Square
Eighteenth and Arch Streets
Philadelphia, Pennsylvania
      19103-2799
	 	Attention: 
      	Barry Abelson,
      Esq.
	 	Telephone: 
      	215-981-4000
	 	Facsimile:	215-981-4750

    

    
Any notice, demand or other communication
hereunder shall be deemed given upon the first to occur of: (i) the fifth (5th)
day after deposit thereof, postage prepaid and addressed correctly, in a
receptacle under the control of the United States Postal Service; (ii)
transmittal by facsimile transmission to a receiver or other device under the
control of the party to whom notice is being given; (iii) actual delivery to or
receipt by the party to whom notice is being given or an employee or agent
thereof; or (iv) one (1) day after delivery to an overnight carrier.

     

         Section 8.11.
Headings. The headings contained
herein are included for convenience of reference only and do not constitute a
part of this Agreement. 

     

         Section 8.12.
Counterparts. This Agreement may be
executed in one or more counterparts, each of which when so executed and
delivered or transmitted by facsimile, e-mail or other electronic means, shall
be deemed to be an original and all of which taken together shall constitute but
one and the same instrument. A facsimile or electronic signature is deemed an
original signature for all purposes under this Agreement. 

     

         Section 8.13.
Severability. If any provision of this
Agreement or the application thereof to any Person or circumstance is determined
by a court of competent jurisdiction to be invalid, void or unenforceable, the

     

    -9- 

     

    

    
    

    remaining provisions
hereof, or the application of such provision to Persons or circumstances or in
jurisdictions other than those as to which it has been held invalid or
unenforceable, shall remain in full force and effect and shall in no way be
affected, impaired or invalidated thereby, so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner
adverse to any party. Upon such determination, the Parties shall negotiate in
good faith in an effort to agree upon such a suitable and equitable provision to
effect the original intent of the Parties. 

     

         Section 8.14.
Waiver of Default. (a) Any term or
provision of this Agreement may be waived, or the time for its performance may
be extended, by the party or the parties entitled to the benefit thereof. Any
such waiver shall be validly and sufficiently given for the purposes of this
Agreement if, as to any party, it is in writing signed by an authorized
representative of such party. 

     

              (b) Waiver by any party of any default by the other party of any provision of
this Agreement shall not be construed to be a waiver by the waiving party of any
subsequent or other default, nor shall it in any way affect the validity of this
Agreement or any party hereof or prejudice the rights of the other party
thereafter to enforce each and ever such provision. No failure or delay by any
party in exercising any right, power or privilege hereunder shall operate as a
waiver thereof nor shall any single or partial exercise thereof preclude any
other or further exercise thereof or the exercise of any other right, power or
privilege. 

     

         Section 8.15.
Amendments. No provisions of this
Agreement shall be deemed amended, modified or supplemented by any Party, unless
such amendment, supplement or modification is in writing and signed by the
authorized representative of the Party against whom it is sought to enforce such
amendment, supplement or modification. 

     

         Section 8.16.
Specific Performance. The Parties
agree that the remedy at law for any breach of this Agreement may be inadequate,
and that, as between Supplier and Buyer, any Party by whom this Agreement is
enforceable shall be entitled to seek temporary, preliminary or permanent
injunctive or other equitable relief with respect to the specific enforcement or
performance of this Agreement. Such Party may, in its sole discretion, apply to
a court of competent jurisdiction for such injunctive or other equitable relief
as such court may deem just and proper in order to enforce this Agreement as
between Supplier and Buyer, or the members of their respective Groups, or
prevent any violation hereof, and, to the extent permitted by Applicable Law, as
between Supplier and Buyer, each Party waives any objection to the imposition of
such relief. 

     

         Section 8.17.
Waiver of jury trial. Subject to Article VII, each of the Parties
hereby waives to the fullest extent permitted by Applicable Law any right it may
have to a trial by jury with respect to any court proceeding directly or
indirectly arising out of and permitted under or in connection with this
Agreement or the transactions contemplated hereby. Each of the Parties hereby
(a) certifies that no representative, agent or attorney of any other party has
represented, expressly or otherwise, that such other party would not, in the
event of litigation, seek to enforce the foregoing waiver and (b) acknowledges
that it has been induced to enter into this agreement and the transactions
contemplated by this agreement, as applicable, by, among other things, the
mutual waivers and certifications in this Section 8.17. 

     

    [SIGNATURE PAGE
FOLLOWS] 

     

    -10- 

     

    

    
    

         IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
by their respective duly authorized representatives as of the date first written
above. 

     

    
      	
            	SUPPLIER:
	
            	VISHAY PRECISION FOIL GMBH  
	
            	 
	
            	By: /s/
      Kai Karstensen
	
            	       Name: Kai Karstensen 
      
	
            	       Title: General Manager 
      
	
            	 
	
            	BUYER:
	
            	VISHAY S.A.  
	
            	 
	
            	By: /s/
      Denis Maugest
	
            	       Name: Denis Maugest 
      
	
            	       Title: Directeur General 
      

    

    

    
    

    EXHIBIT A 

     

    Products: RCK foil resistor chips.

     

    [***] 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Portions of this exhibit were omitted and
filed separately with the Secretary of the Securities and 
Exchange
Commission pursuant to an application for confidential treatment filed with the
Securities and 
Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934. Such portions are marked by [***].

     

    A-1-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]