Document:

EXECUTION COPY

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement
(“Agreement”), entered into effective March 11, 2005, is between Novellus Systems, Inc., a
California corporation (the “Company”), and Richard S. Hill (“Executive”) (collectively, “the
parties”).

RECITALS

     1.
Executive has been employed by the Company and is currently serving as the Chairman and Chief Executive
Officer.

     2.           The
Company desires to continue to employ Executive and to assure itself of the continued services of
Executive for the term of this Agreement, and Executive desires to be employed by the Company for such period, upon the following
terms and conditions.

     3.           The
Company and Employee entered into an Employment Agreement, dated as of October 1, 1998 (the
“Original Employment Agreement”), an Amendment to Employment Agreement dated December 17, 1999, and an Amendment
No. 2 to Employment Agreement dated January 14, 2004 (collectively, the “Prior Employment
Agreements”), and now desire to amend and restate in their entirety the Prior Employment Agreements with this Agreement.

AGREEMENT

ACCORDINGLY, the parties agree as follows:

     1. Period of Employment

          a. Basic Term.  The Company shall continue
to employ Executive to
render services to the Company in the position and with the duties and responsibilities described in Section 2 from the date of
this Agreement through December 31, 2006 (the “Term Date”), unless Executive’s
employment is terminated sooner in accordance with Section 4 below.

          b. Renewal.  The term and provisions of
this Agreement shall
automatically extend for additional two-year periods if Executive remains employed on and after December 31 of each year during
the Basic Term of this Agreement, unless either party notifies the other in writing to the contrary
at least three (3) months prior to the applicable December 31 date that it, or he, does not want the term to so extend.
Renewal extends the Term Date.

     2. Position, Duties, Responsibilities

          a. Position.  Executive is employed by the
Company to render
services to the Company in the position of Chairman and Chief Executive Officer and shall perform all services appropriate to that
position, as well as such other services as may reasonably be assigned by the Company.  Executive
shall devote his best efforts and full-time attention to the performance of his duties.  Executive shall report to the Board of
Directors of the Company.

          b. Other Activities.  Except upon the prior
written consent of the
Company, Executive will not (i) accept any other employment, or (ii) engage, directly or indirectly, in any other business
activity (whether or not pursued for pecuniary advantage) that is or may be in conflict with, or
that might place Executive in a conflicting position to that of, the Company.  Notwithstanding the foregoing, while the Company does
not request Executive’s service on the boards of directors of other corporations, the Company
does not, in principle, object to such service where Executive would have no conflict of interest with duties owed to the Company.

          c. Proprietary Information.
“Proprietary Information” is
all information and any idea in whatever form, tangible or intangible, pertaining in any manner to the business of the Company, or
any Affiliate, or its employees, clients, consultants, or business associates, which was produced by
any employee of the Company, or any Affiliate, in the course of his or her employment or otherwise produced or acquired by or on
behalf of the Company, or any Affiliate.  All Proprietary Information not generally known outside of the
Company’s organization, and all Proprietary Information so known only through improper means, shall be deemed
“Confidential Information.”  Without limiting the foregoing definition, Proprietary and Confidential
Information shall include, but not be limited to:  (i) formulas, teaching and development techniques, processes, trade secrets,
computer programs, electronic codes, inventions, improvements, and research projects;
(ii) information about costs, profits, markets, sales, and lists of customers or clients; (iii) business, marketing, and
strategic plans; and (iv) employee personnel files and compensation information.  Executive
should consult any Company procedures instituted to identify and protect certain types of Confidential Information, which are
considered by the Company to be safeguards in addition to the protection provided by this Agreement.
Nothing contained in those procedures or in this Agreement is intended to limit the effect of the other.

          d. General Restrictions on Use.  During the
time that he is
employed by the Company, Executive shall use Proprietary Information, and shall disclose Confidential Information, only for the
benefit of the Company and as is necessary to carry out his
responsibilities under this Agreement.  Following termination, Executive shall neither, directly or indirectly,
use any

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Proprietary Information nor disclose any Confidential Information, except as expressly and specifically authorized in
writing by the Company.  The publication of any Proprietary Information through literature or speeches must
be approved in advance in writing by the Company.

     3. Compensation.  In consideration of the services to be rendered under this Agreement, Executive shall
be entitled to the following:

          a. The Company shall pay Executive a base annual
salary of $840,000,
payable bi-weekly.  Executive’s salary will be reviewed from time to time in accordance with the Company’s established
procedures for adjusting salaries for similarly situated employees.  Executive shall also be eligible to
participate in the Company’s executive bonus plan, as already established by the Company, and as may be amended from time to
time in the Company’s sole discretion.

          b. Executive shall be eligible to participate in
the Company’s
benefit plans, and to receive perquisites of employment, as established by the Company, and as may be amended from time to time in
the Company’s sole discretion at least equal to those provided to other Company officers.

          c. The Company shall have the right to deduct or
withhold from the
compensation due to Executive hereunder any and all sums required for federal income and social security taxes and all state or
local taxes now applicable or that may be enacted and become applicable in the future.

     4. Termination of Employment

          a. Termination By Death.  Executive’s
employment shall
terminate automatically upon the death of Executive.  The Company shall pay to Executive’s beneficiaries or estate, as
appropriate, any compensation then due and owing, and shall continue to pay Executive’s salary and
benefits, bi-weekly, through the second full month after Executive’s death.  As of the date of death, all stock options
available to Executive through the Term Date shall, in accordance with the terms of the Company’s stock
option plan and Executive’s stock option agreements, be exercisable by the appropriate representative beneficiary of
Executive’s estate. Thereafter, all obligations of the Company under this Agreement shall cease.  Nothing
in this Section shall affect any entitlement of Executive’s heirs or designated beneficiaries to the benefits of any life
insurance plan or other applicable benefits. Upon Executive reaching the age of 55 and still
being employed by the Company, termination by death will automatically entitle Executive’s estate
to the retirement benefits of Section 4(e).

          b.                 Termination By Disability.  If, in the
sole opinion of the
Company, Executive shall be prevented from properly performing his duties hereunder by reason of any physical or mental incapacity
for a period of more than one hundred eighty (180) days in the aggregate in any twelve-month period,
then, to the extent permitted by law, the Company may relieve Executive of his

3

duties.  The Company shall pay to Executive all
compensation to which Executive is entitled up through the last day of the month in which the 180th day of
incapacity occurs, and thereafter, the Company shall continue to employ Executive at 66 2/3% of his base annual salary at the time
of disability and shall include Executive in the Company’s health insurance benefit plans
beginning on the 181st day of his disability, such payment of salary and inclusion in Company health insurance benefits to continue
until Executive reaches age 65.  Any long term disability insurance payments received by Executive
shall be credited to the Company’s obligation for such disability payments.  Executive’s rights to exercise stock options
shall be in accordance with the terms of the Company’s stock option plan and Executive’s
stock option agreements.  Nothing in this Section shall affect Executive’s rights under any disability plan in which he is a
participant.

          c.                 Termination By Company Not For Cause.
At any time, the Company
may terminate Executive’s employment with the Company for any reason by providing Executive ninety (90) days’ advance
written notice, provided that Executive shall, in addition to all compensation due and owing through
the last day actually worked, receive the following:

               (i)    The greater of a severance
payment equal to two years
of Executive’s then current base salary, or his base salary through the Term Date per paragraph 1(a) above.  The severance
payment will be made in the form of salary continuation for two years (the “Severance Period”),
payable on the Company’s normal payroll schedule.

               (ii)   During the Severance Period,
Executive will continue
to receive annual bonus payments equal to 150 percent of his then current base annual salary, payable in any year in which any bonus
payments are made by the Company to any other employees.  During the Severance Period,
Executive’s annual bonus payments, if any, shall be payable when the Company makes annual bonus payments to any other similarly
situated employees.

               (iii)  Payment of Executive’s
share of health insurance
premiums for Executive and his qualified dependents, in accordance with the Company’s existing officer retirement health
benefit program, as evidenced by the July 1993 Board of Directors’ Resolution Regarding
Officers’ Retirement, Medical and Dental Coverage without regard to age or length of service limitations therein.

               (iv)   Executive’s stock
options shall continue to vest
during the Severance Period.  Executive shall not be required to exercise such options until three (3) years following the end of
the Severance Period during which three (3) year period he shall serve as a consultant to the Company
on terms agreeable to Executive and the Company.

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               (v)    Executive’s restricted
stock shall immediately
vest on the date his termination becomes effective and, as a consequence, the Company’s right to repurchase such restricted
stock shall immediately lapse on that date.

               (vi)   The amount of any payment
provided for in this
Section 4.c. shall not be reduced, offset or subject to recovery by the Company by reason of any compensation earned by
Executive as the result of employment by another employer during the Severance Period so long as Executive
does not violate the provisions of Section 5.d. below.

               (vii)  The severance benefits
described in this
Section 4.c. shall be conditioned upon Executive’s continued observance of the obligations described in Section 5.d.
throughout the Severance Period.  Should Executive engage in or pursue any of the activities
described in Section 5.d. at any time during the Severance Period, all severance benefits described in this Section 4.c.
shall cease.

          d.                 Termination By Company For Cause.  At
any time, and without
prior notice, the Company may terminate Executive’s employment for Cause (as defined below).  The Company shall pay Executive
all compensation then due and owing; thereafter, all of the Company’s obligations under this
Agreement shall cease.  Termination for “Cause” shall mean termination of Executive’s employment because of
Executive’s (i) involvement in fraud, misappropriation or embezzlement related to the business or
property of the Company; (ii) conviction for, or guilty plea to, a felony; (iii) willful material breach of this
Agreement; (iv) willful and continued failure to substantially perform his duties under this Agreement,
provided, however, that if such Cause is reasonably curable, the Company shall not terminate Executive’s employment hereunder
unless the Company first gives notice of its intention to terminate and the grounds of such termination, and Executive has not within ninety
(90) days following receipt of this notice, cured such Cause.

          e.                 By Executive Not for Cause.  At any
time, Executive may
terminate his employment with the Company for any reason, with or without cause, by providing the Company ninety (90) days’
advance written notice.  The Company shall have the option, in its complete discretion, to make
termination of Executive’s employment effective at any time prior to the end of such notice period, provided the Company pays
Executive all compensation due and owing through the last day actually worked, plus an amount equal to
the base salary Executive would have earned through the balance of the above notice period.  Thereafter, all of the Company’s
obligations under this Agreement shall cease, except as otherwise provided for in this Paragraph
4(e).  In the event Executive terminates his employment pursuant to this Paragraph 4(e), the Company shall pay for Executive’s
share of health insurance premiums for Executive and his qualified dependents, in accordance with the
Company’s existing officer retirement health benefit program, as evidenced by the Company’s July 1993

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Board of
Directors’ Resolution Regarding Officers’ Retirement, Medical and Dental Coverage, without
regard to age or length of service limitations therein.

If Executive has attained the age of 55 when his
employment with the Company terminates pursuant to this Paragraph 4(e), Executive shall be entitled
to additional retirement benefits as defined below, provided Executive agrees to and does refrain from further employment as an
executive and/or member of the board of directors of any company competing with the Company.  The
additional benefits are:

	 	 	 	 
	 	(i)	 	A payment equal to 24 times his highest base monthly salary paid during his employment; and

	 	 	 	 
	 	(ii)	 	An additional payment equal to the following multiples of the Executive’s highest base monthly salary paid during his
employment, determined with reference to Executive’s attained age on the date his employment terminates:
12 times at age 56; 24 times at age 57; 36 times at age 58 or older.  No payment shall be made under this subparagraph (ii) if
Executive has not attained age 56 on the date his employment with the Company terminates pursuant to this
Paragraph 4(e).

These payments may be made as a lump sum, or
distributed over two years, or in the form of a single-life or joint-and-survivor annuity, or any other
actuarially equivalent form that is approved by the Stock Option and Compensation Committee of the Company’s Board of
Directors, as designated by Executive by the earlier of (i) 30 days following the execution of this Agreement or (ii) December 31, 2005.  The
foregoing notwithstanding, the parties agree that the Agreement is to be interpreted, and if
necessary amended, to avoid prepayment of taxes and incurring additional taxes; interest and penalties imposed as a result of
failure to comply with the requirements of the Internal Revenue Code, including Section 409A, and
applicable regulations.

The severance benefits described in this
Section 4.e. shall be conditioned upon Executive’s continued observance of the obligations
described in Section 5.d. throughout a two year period following his termination.  Should Executive engage in or pursue any of
the activities described in Section 5.d. at any time during two years following his termination,
all severance benefits described in this Section 4.e. shall cease.

          f.                 By Executive for Good Reason.  Executive
may terminate, without
liability, his employment with the Company for Good Reason (as defined below), provided Executive gives the Company ninety (90)
days’ advance written notice of the reason for termination and his intent to terminate this
Agreement.  During this period, the Company shall have an opportunity to correct the condition constituting Good Reason.  If the
condition is remedied within this

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period, Executive’s notice to terminate shall be rescinded
automatically; if not remedied, termination of the Executive’s employment shall become effective upon expiration of the above
notice period.  In this event, the Company shall pay Executive all compensation due and owing through
the last day actually worked including any accrued but unused vacation.  The Company shall also have the option, in its complete
discretion, to make termination effective at any time prior to the end of the notice period, provided
that the Company pays Executive all compensation due and owing through the balance of the notice period (not to exceed ninety (90)
days).  Executive shall be entitled to exercise his right to terminate this Agreement for Good Reason
only if he gives the required notice not more than two years after the occurrence of the event that is the basis for the Good
Reason.  If Executive terminates his employment with the Company for Good Reason pursuant to the provisions
of this Section 4.f., Executive shall receive the severance benefits described in and pursuant to the terms of subparagraphs
4.c.(i)-(vii) above.

Termination shall be for “Good Reason”
if Executive voluntarily resigns following:  (i) a change in Executive’s position with the
Company which materially reduces Executive’s level of responsibility; (ii) a relocation of Executive’s principal
place of employment by more than fifty (50) miles, provided and only if such change, reduction or
relocation is effected by the Company without Executive’s consent; (iii) a reduction in base compensation; (iv) a reduction in targeted bonus;
or (v) a reduction in bonus payments not permitted by this Employment Agreement.

If the Company has a Change in Control (as
defined below) and Executive accepts a position with the Company or its successor, as applicable, other
than Chairman and Chief Executive Officer, Executive will have the right to terminate his employment for Good Reason at any time
within the period starting on the date the Change in Control occurs and ending two years later.  In the
event Executive terminates his employment under the circumstances described in the preceding sentence, any unvested stock options,
restricted stock or similar awards held by Executive on the date of termination shall immediately vest
and become exercisable or released from any applicable restrictions on transfer or repurchase rights.  For this purpose,
“Change in Control” shall mean:

	 	 	 	 
	 	(i)	 	a merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal
purpose of which is to change the state in which the Company is incorporated;

	 	 	 	 
	 	(ii)	 	the sale, transfer or other disposition of all or substantially all of the assets of the Company (including the
capital stock of the Company’s subsidiary corporations);

	 	 	 	 
	 	(iii)	 	approval by the Company’s shareholders of any plan or proposal for the complete liquidation or dissolution of
the Company; or

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	 	(iv)	 	any reverse merger in which the Company is the surviving entity but in which securities possessing more than fifty
percent (50%) of the total combined voting power of the Company’s outstanding securities are
transferred to a person or persons different from those who held such securities immediately prior to such merger.

If any payment or benefit which Executive would
receive pursuant to a Change in Control from the Company or otherwise (“Payment”) would (i)
constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
“Code”), and (ii) but for this sentence, be subject to the excise tax imposed by Section
4999 of the Code (the “Excise Tax”), then such Payment shall be reduced to an amount that results in no portion of the
Payment being subject to the Excise Tax.  If a reduction in payments or benefits constituting
“parachute payments” is necessary, such reduction shall occur in the following order unless Executive elects in writing a
different order (provided, however, that such election shall be subject to Company approval if made
on or after the date on which the event that triggers the Payment
occurs):  reduction in cash payments; cancellation of accelerated vesting of stock awards; reduction
in employee benefits.  In the event that acceleration of vesting of stock award compensation is to be reduced, such acceleration of
vesting shall be cancelled in the reverse order of the date of grant of Executive’s stock awards
unless Executive elects in writing a different order for cancellation.

     5.
Termination Obligations

          a.                 Return of Company’s Property.
Executive hereby acknowledges and
agrees that all personal property, including, without limitation, all books, manuals, records, reports, notes, contracts, lists,
blueprints, and other documents, or materials, or copies thereof, and equipment furnished to or prepared
by Executive in the course of or incident to Executive’s employment, belong to the Company and shall be promptly returned to
the Company upon termination of Executive’s employment.

          b.                 Representations and Warranties Survive
Termination of
Employment.  The representations and warranties contained herein, except Executive’s obligations under Section 2(b),
shall survive termination of Executive’s employment and expiration of this Agreement.

          c.                 Cooperation in Pending Work.  Following
any termination of
Executive’s employment, Executive shall fully cooperate with the Company in all matters relating to the winding up of pending
work on behalf of the Company and the orderly transfer of work to other employees of the Company.
Executive shall also cooperate in the defense of any action brought by any third party against the Company that relates in any way
to Executive’s acts or omissions while employed by the Company.

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          d.                 Noncompetition.  Executive acknowledges
and agrees that during
his employment with the Company, he has had access to confidential information and the activities forbidden by this subsection would
necessarily involve the improper use and disclosure of this confidential information.  To forestall
this use or disclosure, Executive agrees that during the Severance Period described in Section 4.c., Executive shall not,
directly or indirectly, (i) divert or attempt to divert from the Company (or any Affiliate) any
business of any kind in which it is engaged; (ii) employ or recommend for employment any person employed by the Company (of any
Affiliate); or (iii) engage in any business activity that is competitive with the Company (of
any Affiliate) in any state where the Company conducts its business, unless Executive can prove that any of the above actions was
done without the use of confidential information.  In addition to the above restrictions on noncompetitive activity, and
regardless of whether any use of confidential information is involved, Executive agrees that during the
Severance Period Executive shall not, directly or indirectly, (i) solicit any customer of the Company (or any Affiliate) known
to Executive (while he was employed by the Company) to have been a customer with respect to products
or services competitive with products or services offered by the Company; or (ii) solicit for employment any person employed by
the Company (or any Affiliate).

     6.
Alternative Dispute Resolution

The Company and Executive mutually agree that any
controversy or claim arising out of or relating to this Agreement or the breach thereof, or any
other dispute between the parties, shall be submitted to mediation before a mutually agreeable mediator, which cost is to be borne
by the Company.  In the event mediation is unsuccessful in resolving the claim or controversy, such
claim or controversy shall be resolved by arbitration.  The claims covered by this Agreement (“Arbitrable Claims”)
include, but are not limited to, claims for wages or other compensation due; claims for breach of any
contract (including this Agreement) or covenant (express or implied); tort claims; claims for discrimination (including, but not
limited to, race, sex, religion, national origin, age, marital status, medical condition, or
disability); claims for benefits (except where an employee benefit or pension plan specifies that its claims procedure shall
culminate in an arbitration procedure different from this one), and claims for violation of any federal,
state, or other law, statute, regulation, or ordinance, except claims excluded in the following paragraph.  The parties hereby waive
any rights they may have to trial by jury in regard to Arbitrable Claims.

Claims Executive may have for Workers’
Compensation or unemployment compensation benefits are not covered by this Agreement.  Also not covered is
either party’s right to obtain provisional remedies or interim relief from a court of competent jurisdiction.

Arbitration under this Agreement shall be the
exclusive remedy for all Arbitrable Claims.  The Company and Executive agree that arbitration shall be
held in or

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near Santa Clara County, California, and shall be in accordance with the then current Employment Dispute Resolution Rules
of the American Arbitration Association, before an arbitrator licensed to practice law in the State
of California.  The arbitrator shall have authority to award or grant both legal, equitable, and declaratory relief.  Such
arbitration shall be final and binding on the parties.  The Federal Arbitration Act shall govern the
interpretation and enforcement of this section pertaining to Alternative Dispute Resolution.  The costs of the arbitrator shall be
borne by the Company.

This Agreement to mediate and arbitrate survives
termination of Executive’s employment.

     7.
Notices

All notices or other communications required or
permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered
by hand or mailed, postage prepaid, by certified or registered mail, return receipt requested, and addressed to the Company:

Novellus Systems, Inc.

3970 North First Street

San Jose, CA 95134

Attn:  Corporate Secretary

with a copy to:

Morrison &
Foerster LLP

755 Page Mill Road

Palo Alto, CA 94304-1018

Attn:  William D. Sherman, Esq.

and to Executive at:

Mr. Richard
Hill

Novellus Systems, Inc.

3970 North First Street
San Jose, CA 95134

with a copy to:

Hillis Clark
Martin & Peterson, P.S

500 Galland Building

1221 Second Avenue

Seattle, WA 98101-2925

Attn:  John L. West, Esq.

206-623-1745

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Executive and the Company shall be obligated to
notify the other party of any change in address.  Notice of change of address shall be effective only
when made in accordance with this Section.

     8.
Entire Agreement

This Agreement is intended to be the final,
complete, and exclusive statement of the terms of Executive’s employment by the Company.  Except for
any stock option agreements and any other agreements evidencing a loan or trust from the Company to Executive (including
but not limited to the two loan agreements between Executive and the Company dated
July 1, 1997 and July 31, 1997, and the agreement evidencing the creation of a trust for the benefit of
Executive dated May 26, 1994), this Agreement supersedes all other prior and contemporaneous agreements and
statements pertaining in any manner to the employment of Executive and it may not be contradicted by evidence of any prior or
contemporaneous statements or agreements.  To the extent that the practices, policies, or procedures of the
Company, now or in the future, apply to Executive and are inconsistent with the terms of this Agreement, the provisions of this
Agreement shall control.

     9.
Amendments, Waivers

This Agreement may not be modified, amended, or
terminated except by an instrument in writing, signed by Executive and by a duly authorized
representative of the Company other than Executive.  No failure to exercise and no delay in exercising any right, remedy, or power
under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, remedy, or power under this Agreement preclude any other or further exercise thereof, or the exercise of any other right,
remedy, or power provided herein or by law or in equity.

     10.
Assignment; Successors and Assigns

Executive agrees that he will not assign, sell,
transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, or by operation of
law, any rights or obligations under this Agreement, nor shall Executive’s rights be subject to encumbrance or the claims of
creditors.  Any purported assignment, transfer, or delegation shall be null and void.  Nothing in this
Agreement shall prevent the consolidation of the Company with, or its merger into, any other corporation, or the sale by the Company
of all or substantially all of its properties or assets, or the assignment by the Company of this
Agreement and the performance of its obligations hereunder to any successor in interest.  In the event of a change in ownership or
control of the Company, the terms of this Agreement will remain in effect and shall be binding upon
any successor in interest.  Notwithstanding and subject to the foregoing, this Agreement shall be binding upon and shall inure to
the benefit of the parties and their respective heirs, legal representatives,

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successors, and permitted
assigns, and shall not benefit any person or entity other than those enumerated above.

     11.
Severability; Enforcement

If any provision of this Agreement, or the
application thereof to any person, place, or circumstance, shall be held by a court of competent
jurisdiction to be invalid, unenforceable, or void, the remainder
of this Agreement and such provisions as applied to other persons, places, and circumstances shall
remain in full force and effect.

     12.
Governing Law

The validity, interpretation, enforceability, and
performance of this Agreement shall be governed by and construed in accordance with the law of the
State of California.

     13.
Acknowledgment of Parties

The parties acknowledge (a) that they have
consulted with or have had the opportunity to consult with independent counsel of their own choice
concerning this Agreement, and (b) that they have read and understand the Agreement, are fully aware of its legal effect, and
have entered into it freely based on their own judgment and not on any representations or promises
other than those contained in this Agreement.

     14.
Date of Agreement

The parties have duly executed this Agreement as
of the date first written above.

	 	 	 	 
	
	 	 	/s/ Richard S. Hill
	
	

	
	 	 	Richard Hill
	
	 	 	 
	
	NOVELLUS SYSTEMS, INC.
	
	 	 	 
	
	By:	 	/s/ Kevin S. Royal
	
	 	

	
	 	 	Its Vice President and Chief 
	
	 	 	Financial Officer

12Exhibit 10.5

Execution Version

CONSENT AND SECOND AMENDMENT TO
 VISHAY INTERTECHNOLOGY, INC. SECOND AMENDED AND RESTATED LONG
 TERM REVOLVING CREDIT AGREEMENT

          This Consent and Second Amendment to Credit Agreement (“Second Amendment”) is made as of this 6th day of August, 2004 by and among Vishay Intertechnology, Inc. (the “Company”), the Permitted Borrowers, Comerica Bank as Co-Lead Arranger, Co-Book Running Manager and Administrative Agent (the “Agent”), Wachovia Bank, National Association, J.P. Morgan and Bank of America, N.A., as Documentation Agents and Bank Leumi USA, as Managing Agent, and the other lenders party hereto (collectively, with the agent, the “Lenders”).

RECITALS

          A.          The Company, the Permitted Borrowers, Agent and Lenders entered into that certain Vishay Intertechnology, Inc. Second Amended and Restated Long Term Revolving Credit Agreement dated as of July 31, 2003, which was amended by that certain Consent and First Amendment to Vishay Intertechnology, Inc. Second Amended and Restated Long Term Revolving Credit Agreement dated as of May 14, 2004 (collectively, and as the same may be amended, restated or otherwise modified from time to time, the “Credit Agreement”).

          B.          The Company and the Permitted Borrowers have requested that Agent and Lenders make certain amendments to the Credit Agreement, and Agent and Lenders are willing to do so, but only on the terms and conditions set forth in this Second Amendment.

          NOW, THEREFORE, the Company, the Permitted Borrowers, Agent and the Lenders agree as follows:

	
  
1.
  	
  
The   definitions of “Hedging Obligation(s),” “Indebtedness,” “Loan Documents,” and   “Pledge Agreement(s)” in Section 1.1 of the Credit Agreement are hereby   deleted and the following are inserted in their places, as applicable:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
““Hedging   Obligation(s)” shall mean Interest Rate Protection Agreements and any foreign   currency exchange agreements (including without limitation foreign currency   hedges and swaps) or other foreign exchange transactions, or any combination   of such transactions or agreements or any option with respect to any such   transactions or agreements entered into between Company and/or any of its   Subsidiaries and a Lender or an Affiliate of a Lender to manage existing or   anticipated foreign exchange risk and not for speculative purposes, provided,   that, for purposes of the Collateral Documents and the Foreign Guaranty,   “Hedging Obligations” shall also include the Commodities Hedging Obligations   to the extent such Commodities Hedging Obligations are “Indebtedness” as   defined in this Agreement.”
  

	
  
 
  	
  
““Indebtedness”   shall mean (a) all indebtedness and liabilities whether direct or indirect,   absolute or contingent, owing by Company or any of the Permitted Borrowers to   the Lenders (or any of them) or to the Agent, in any manner and at any time,   under this Agreement or the Loan Documents, due or hereafter to become due,   now owing or that may hereafter be incurred by the Company, any of the   Permitted Borrowers or any of the Subsidiaries to, or acquired by, the   Lenders (or any of them) or by Agent, (b) any Special Letters of Credit, (c)   net obligations with respect to (i) Hedging Obligations and (ii) Commodities   Hedging Obligations, provided that (x) the maximum aggregate amount   which shall be available from proceeds of the Collateral under the Collateral   Documents or from any other sums collected from the Company, the Permitted   Borrowers or any of Company’s Subsidiaries pursuant to the Loan Documents   (excluding
the Loan Documents specifically governing the Commodities Hedging   Obligations) for application against Commodities Hedging Obligations shall   not exceed $10,000,000 (with the application of such proceeds to be made by   Agent on a basis consistent with Section 10.2 hereof, such application to be   made on a pro rata basis among the eligible hedging providers under those   Commodities Hedging Obligations designated by the Company pursuant to clause   (y) of this definition, but otherwise in Agent’s sole discretion), (y) the documentation   relating to such Commodities Hedging Obligations, including a letter   agreement between the hedging provider and the Company or applicable   Subsidiary covering multiple commodities hedging transactions (I) specifies   that such obligations have been designated by the Company as (and, subject to   the terms hereof, shall constitute) “Indebtedness” hereunder and (II)   contains an express acknowledgment by the eligible hedging provider
(satisfactory in form and substance to the Agent) of the limitation imposed   on all Commodities Hedging Obligations under clause (x) of this definition,   and (z) copies of such documentation shall have been provided to Agent   promptly following the execution thereof, accompanied by an updated list of   all such documents having been so designated by the Company (which the Agent   is hereby authorized to furnish to any hedging provider requesting such   documentation), provided further that both the Commodities   Hedging Obligations and the Hedging Obligations are entered into between Company   and/or any of its Subsidiaries and a Lender or an Affiliate of a Lender, (d)   any judgments that may hereafter be rendered on such indebtedness or any part   thereof, with interest according to the rates and terms specified, or as   provided by law, and (e) any and all consolidations, amendments, renewals,   replacements or extensions of any of the foregoing.  For the purposes of Section
9.2(b), “Indebtedness” shall   exclude any Hedging Obligations or Commodities Hedging Obligations.”
  
	
   
  	
  
 
  
	
  
 
  	
  
““Loan   Documents” shall mean collectively, this Agreement, the Letter of Credit   Agreements, the Guaranties, the Collateral Documents, agreements relating to   Hedging Obligations entered into between Company and/or any of its   Subsidiaries
  

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and a Lender   or an Affiliate of a Lender, agreements relating to Commodities Hedging   Obligations (to the extent such Commodities Hedging Obligations are   “Indebtedness” as defined in this Agreement), and any other documents,   instruments or agreements executed pursuant to or in connection with any such   document, the Indebtedness or this Agreement as such documents may be amended   or otherwise modified from time to time.    For the purposes of Section 13.11, “Loan Documents” shall exclude any   Hedging Obligations and Commodities Hedging Obligations.”
  
	
  
 
  	
  
 
  
	
  
 
  	
  
““Pledge   Agreement(s)” shall mean the various stock pledge agreements, including any nantissements,   notarial deeds, pledges of financial instrument accounts, or other local law   pledges (and any of them) previously executed and delivered, executed and   delivered as of the Effective Date or to be executed or delivered pursuant to   Sections 7.16 and/or 7.18 hereof all, in favor of the Agent, for and on   behalf of the Lenders under this Agreement and, in each case as amended,   restated or otherwise modified from time to time.”
  
	
   
  	
  
 
  
	
  
2.
  	
  
Each of the   following definitions are added to Section 1.1 of the Credit Agreement in the   appropriate alphabetical order:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
““Chinese   Restructuring” shall mean that certain merger of Shanghai Vishay Semiconductor   Co., Ltd. (“SVS”) with and into Shanghai Vishay Opto Co., Ltd. (“SVO”) with   SVO as the surviving company to the extent consummated on substantially the   terms described in the signed letter delivered to the Lenders on July 15,   2004.”
  
	
  
 
  	
  
 
  
	
  
 
  	
  
““Commodities   Hedging Obligation(s)” shall mean any precious metal commodity swap   agreement, forward purchase agreement, cap agreement or collar agreement, and   any other agreement or arrangement entered into for protection against   fluctuations in precious metal prices, and, except as used in the definition   of “Indebtedness,” not for speculative purposes.”
  
	
  
 
  	
  
 
  
	
  
3.
  	
  
Section   2.1(a) of the Credit Agreement is hereby amended by inserting the following   language at the end of the section:
  
	
   
  	
  
 
  
	
  
 
  	
  
“provided,   however, that upon payment in full in cash of all Indebtedness of the Foreign   Permitted Borrowers hereunder for Advances to any Foreign Permitted Borrower,   and, if any Letter of Credit Obligations of any Foreign Permitted Borrower   are outstanding, upon deposit with the Agent of sufficient funds to cash   collateralize such outstanding Letter of Credit Obligations, the Borrowers   may, upon 10 Business Days written notice to the Agent, revoke the FPB   Advance Notice, provided, further, that following delivery of   such written notice of revocation, no Foreign Permitted Borrower may request   any additional Advances under this Agreement, unless the Required Lenders   consent to the issuance by the Company of a new FPB Advance Notice, and the   Company complies with the requirements of Section 7.16 and the other   provisions of this Agreement following delivery of such notice.”
  

3

	
  
4.
  	
  
Section   7.16(b)(ii) of the Credit Agreement is hereby amended by deleting it in its   entirety and inserting the following in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(ii) with   respect to each Person which becomes a Significant Foreign Subsidiary   subsequent to the Effective Date or which is a Significant Foreign Subsidiary   on the Effective Date, and is also a Significant Foreign Subsidiary on the   date of Agent’s receipt of the applicable initial FPB Advance Notice or   becomes a Significant Foreign Subsidiary after Agent’s receipt of such FPB   Advance Notice, cause each such Significant Foreign Subsidiary to execute and   delivery to Agent (a) a Joinder Agreement whereby such Significant Foreign   Subsidiary becomes obligated as a Guarantor under the Foreign Guaranty and   (b) if such Significant Foreign Subsidiary is incorporated under the laws of   the United States of America, a Security Agreement or a Joinder Agreement   whereby such Significant Foreign Subsidiary becomes obligated under the   applicable Security Agreement, as the case may be, such documents to be   executed and delivered to Agent
within eighty (80) days of the Agent’s   receipt of the applicable FPB Advance Notice or, for a Subsidiary which has   become a Foreign Significant Subsidiary after Agent’s receipt of such FPB   Advance Notice, within two hundred and ten (210) days of the first day on   which such Subsidiary was a Foreign Significant Subsidiary, provided,   that, upon revocation of an FPB Advance Notice as described in Section   2.1(a), (x) the Company shall not be required to cause the execution and   delivery of additional Joinder Agreements and Security Agreements as   otherwise required by this subsection, and (y) the Lenders agree that Agent   may, in its sole discretion and upon the written request of the Company,   release the Joinder Agreements and Security Agreements described in this   subsection then in effect; and”
  
	
   
  	
  
 
  
	
  
5.
  	
  
Section   7.16(c)(ii) of the Credit Agreement is hereby amended by deleting it in its   entirety and inserting the following in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
(ii) with   respect to the share capital (or other ownership interests) of each Person   which becomes a Significant Foreign Subsidiary subsequent to the Effective   Date, or which is a Significant Foreign Subsidiary on the Effective Date, and   which also is a Significant Foreign Subsidiary on the date of Agent’s receipt   of the applicable FPB Advance Notice or which becomes a Significant Foreign   Subsidiary after Agent’s receipt of such FPB Advance Notice, the Company   shall execute or cause to be executed and delivered to the Agent a Pledge   Agreement encumbering, subject to Section 7.17 hereof, with a first priority   Lien on 65% of the share capital of each such Significant Foreign Subsidiary,   but only with respect to, and only to the extent of, share capital that is   directly owned by the Company and/or one or more Domestic Subsidiaries, to   secure the Indebtedness of the Company and the Domestic Permitted Borrowers   and 100% of the share
capital of each such Significant Foreign Subsidiary to   the extent owned, directly or indirectly, by the Company to secure the   Indebtedness of the Foreign Permitted Borrowers hereunder, such documents to   be executed and delivered to Agent within eighty (80) days of the Agent’s   receipt of the applicable FPB Advance Notice or, for a Subsidiary which has   become a Foreign Significant Subsidiary after Agent’s
  

4

	
  
 
  	
  
receipt of   such FPB Advance Notice, within two hundred and ten (210) days of the first   day on which such Subsidiary was a Foreign Significant Subsidiary provided,   that, upon revocation of an FPB Advance Notice as described in Section 2.1(a)   (x) the Company shall not be required to cause the execution and delivery of   additional Pledge Agreements securing the Indebtedness of the Foreign   Permitted Borrowers as otherwise required by this subsection and (y) the   Lenders agree that Agent may, in its sole discretion and upon the written   request of the Company, release any Pledge Agreement (or a portion of such   Pledge Agreement) then in effect which secures the Indebtedness of the   Foreign Permitted Borrowers as described in this subsection; and”
  
	
  
 
  	
  
 
  
	
  
6.
  	
  
Section 7.16   of the Credit Agreement is hereby amended by inserting the following language   as a post-amble at the end of the section:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“Execution   and delivery of Pledge Agreements and Joinder Agreements as specified by this   Section 7.16 shall only be required to the extent permitted and enforceable   under applicable local law, as determined in Agent’s reasonable   discretion.  If delivery of certain   Pledge Agreements and Joinder Agreements as specified by this Section 7.16   cannot be obtained despite the exercise of, in the Agent’s determination,   commercially reasonable efforts, the Agent may, at its option, waive delivery   of such Pledge Agreements and Joinder Agreements.  In either case, upon a change of law or circumstance in a   particular jurisdiction which permits or makes commercially reasonable the   execution and delivery of any Pledge Agreement or Joinder Agreement   previously not required by or waived pursuant to this Section, Agent may, at   its option, request the execution and delivery of such Pledge Agreement or   Joinder Agreement, and any
related documents within such reasonable time   period as Agent may specify.  In   addition, at Agent’s sole discretion, Agent may release a Pledge Agreement   (or a portion of a Pledge Agreement) or a Joinder Agreement relating to a   Foreign Subsidiary to allow a merger as permitted under Section 8.2(a) of   this Agreement, to permit a Foreign Subsidiary to change its corporate form   or where, due to a reorganization or restructuring performed in compliance   with this Agreement, a Domestic Subsidiary becomes a Foreign Subsidiary and   retaining a pledge of its or its Subsidiaries’ equity interests would violate   Section 956 of the Internal Revenue Code (such release limited to that   portion of a Pledge Agreement which would result in such a violation), provided,   however, that upon completion of such merger, change in form or reorganization,   the Company shall cause compliance with the requirements of Section 7.16   within such reasonable time period as the Agent
may specify.”
  
	
   
  	
  
 
  
	
  
7.
  	
  
Section 8.3   of the Credit Agreement is hereby amended by deleting it in its entirety and   inserting the following language in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“8.3     Guaranties.     Guarantee,   endorse, or otherwise become liable for or upon the obligations of others,   except by endorsement of cash items for deposit in the ordinary course of   business and except for:
  

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(a)
  	
  
the   Guaranties;
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
(b)
  	
  
guaranties   by the Company or any Subsidiary of (i) Hedging Obligations entered into by   Company or any Subsidiary, (ii) Commodities Hedging Obligations entered into   by Company or any Subsidiary, or (iii) reimbursement obligations in respect   of Special Letters of Credit issued for the account of any Subsidiary;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(c)
  	
  
guaranties   of indebtedness (i) as set forth on Schedule 8.3 attached hereto or (ii) as   permitted under clauses (d), (e), (f) or (g) of Section 8.7 hereof or clause   (d) of Section 8.4;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(d)
  	
  
the GATX   Guaranties (provided that the aggregate stated lease payments to which the   GATX Guaranties relate shall not exceed Three Million Dollars ($3,000,000);   and”
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(e)
  	
  
customary   clean up call provisions under any Permitted Securitization.”
  
	
  
 
  	
  
 
  	
  
 
  
	
  
8.
  	
  
Section   8.4(d) of the Credit Agreement is hereby amended by deleting it in its   entirety and inserting the following in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(d)
  	
  
purchase   money Debt for fixed assets (including operating leases and capitalized   leases or other non-cancelable leases having a term of 12 months or longer),   Debt in respect of equipment leasing agreements (based on the aggregate lease   payments during the term of such leases and all available extensions), or   Debt (including guaranties) in respect of real property leases (based on the   aggregate lease payments during the term of such leases and all available   extensions) provided that the aggregate of such purchase money Debt,   Debt in respect of equipment leases and Debt (including guaranties) in   respect of real property leases at any time shall not exceed seven and   one-half percent (7.5%) of Tangible Net Worth;”
  
	
   
  	
  
 
  	
  
 
  
	
  
9.
  	
  
Section 8.4   of the Credit Agreement is hereby amended by inserting the following as new   subsection (k), deleting the “and” at the end of subsection 8.4(i) and   deleting the period at the end of subsection 8.4(j) and inserting “; and” in   its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(k)
  	
  
unsecured   Commodities Hedging Obligations.”
  
	
  
 
  	
  
 
  	
  
 
  
	
  
10.
  	
  
Section   8.5(a) is hereby amended by deleting it in its entirety and inserting the   following in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(a)
  	
  
Liens in   favor of the Agent, as security for the Indebtedness hereunder, and,   including without limitation, any Indebtedness under any Hedging Obligations   or Commodities Hedging Obligations (to the extent such Commodities Hedging   Obligations are “Indebtedness” as defined in this Agreement”) or to secure   Special Letters of Credit;”
  

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11.
  	
  
Section   8.5(f) is hereby amended by deleting it in its entirety and inserting the following   in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“(f)
  	
  
Liens   securing Debt (such Debt being permitted under this Agreement), provided   that the aggregate principal amount of all such Debt which is secured by such   Lien shall not exceed Five Million Dollars ($5,000,000); and”
  
	
  
 
  	
  
 
  	
  
 
  
	
  
12.
  	
  
Section   8.7(j) is hereby amended by deleting it in its entirety and inserting the   following in its place:
  
	
  
 
  	
  
 
  
	
   
  	
  
“(j)
  	
  
Hedging   Obligations and guaranties by the Company or any Subsidiary of Hedging   Obligations entered into by Company or any Subsidiary and Commodities Hedging   Obligations and guaranties by the Company or any Subsidiary of Commodities   Hedging Obligations entered into by Company or any Subsidiary, as   applicable;”
  
	
  
 
  	
  
 
  	
  
 
  
	
  
13.
  	
  
Section 10.2   is hereby amended by deleting it in its entirety and inserting the following   language in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“10.2     Application   of Proceeds.     Subject to the Collateral   Documents, but notwithstanding anything to the contrary in this Agreement or   other Loan Document, after an Event of Default, the proceeds of any Collateral,   together with any offsets, voluntary payments by the Company or the Permitted   Borrowers or others and any other sums received or collected in respect of   the Indebtedness, shall be applied, first, to payment of principal and   interest of outstanding Advances, any reimbursement obligations under Section   3.6 hereof and any net obligations with respect to Hedging Obligations or   Commodities Hedging Obligations (to the extent such Commodities Hedging   Obligations are “Indebtedness” as defined in this Agreement) entered into   between the Company or its Subsidiaries and a Lender or an affiliate of a   Lender, on a pro rata basis, next, to any other Indebtedness on
a pro rata   basis, and then, if there is any excess, to the Company or the Permitted   Borrowers, as the case may be. The application of such proceeds and other   sums to the outstanding Indebtedness hereunder shall be based on each   Lender’s Percentage of the aggregate Indebtedness.”
  
	
   
  	
  
 
  	
  
 
  
	
  
14.
  	
  
Section   12.15(b) is hereby amended by deleting it in its entirety and inserting the   following language in its place:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
“The Lenders   agree to release, and hereby irrevocably authorize the Agent to release, (x)   any Lien granted to or held by the Agent upon any Collateral (i) upon   termination of the Revolving Credit Aggregate Commitment and payment in full   of all Indebtedness payable under this Agreement and under any other Loan   Document; (ii) constituting property sold or to be sold or disposed of as   part of or in connection with any express disposition permitted hereunder,   (iii) as described in Section 7.16 of this Credit Agreement, and (iv) to   permit the merger of a Foreign Subsidiary as permitted under Section 8.2(a)   or to permit a Foreign Subsidiary to change its corporate form, provided that   such surviving Subsidiary shall comply with the requirements of Section 7.16;   (y) the Guaranty of any Subsidiary, (i) in connection with the sale of all of   the share capital of such Subsidiary to the extent that such sale is   expressly permitted hereunder, (ii)
as described in Section 7.16 of this   Agreement, and (iii) to permit the merger of a Foreign Subsidiary as   permitted under Section 8.2(a) or to permit a Foreign
  

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Subsidiary   to change its corporate form, provided that such surviving Subsidiary shall   comply with the requirements of Section 7.16, and (z) any Lien granted to or   held by the Agent upon any Collateral or any Guaranty issued hereunder, but   only if and to the extent (i) required to be released under Section 7.17(b)   hereof, or (ii) approved, authorized or ratified in writing by the Required   Lenders, or all the Lenders, as the case may be, as provided in Section   13.11.  Upon request by the Agent at   any time, the Lenders will confirm in writing the Agent’s authority to   release particular types or items of Collateral pursuant to this Section   12.15(b).”
  
	
  
 
  	
  
 
  
	
  
15.
  	
  
In   connection with the PDD Restructuring (previously approved by the Agent and   the Lenders), the Lenders hereby consent to the release by Agent, at Agent’s   sole discretion, of the Pledge Agreement relating to the equity interests of   General Semiconductor China Co. Ltd. to the extent necessary to effectuate   the PPD Restructuring, provided that any re-pledging of the equity interests   of General Semiconductor China Co. Ltd. which may be required pursuant to the   terms of the Credit Agreement following the PDD Restructuring shall occur at   the later of (a) 180 days of such release, or (b) within the time frame   specified pursuant to Section 7.16(c)(ii) of the Credit Agreement.
  
	
  
 
  	
  
 
  
	
  16.
  	
  
The Agent   and the undersigned Lenders hereby (i) waive the delivery of Joinder   Agreements by General Semiconductor China Co. Ltd., Vishay Semiconductor   Malaysia Sdn. Bhd. and Vishay Electronic SPOL SrO, and Pledge Agreements   relating to the equity interests of General Semiconductor of Taiwan, Ltd. and   Vishay Semiconductor Malaysia Sdn. Bhd. to the extent the same may be   required under Section 7.16 of the Credit Agreement and (ii) upon the   effectiveness of this Second Amendment, agree to make Advances available to   the Foreign Permitted Borrowers subject to the terms and conditions to the   making of Advances specified in the Credit Agreement but regardless of the   execution and delivery of the Pledge Agreements and Joinder Agreements   required under the Credit Agreement later than eighty (80) days after the   receipt of the FPB Advance Notice currently in effect as specified by Section   7.16, provided, however, that the Company
shall (a) cause   Pledge Agreements, in form and substance acceptable to Agent, regarding the   equity interests of Vishay Electronic SPOL SrO to be delivered to Agent, to   the extent permitted and enforceable under applicable local law, within one   hundred and eighty days of the Second Amendment Effective Date (as defined   below), (b) cause General Semiconductor of Taiwan, Ltd. to execute and   deliver a Joinder Agreement to the Foreign Guaranty, in form and substance   acceptable to Agent, to the extent permitted or enforceable under applicable   local law, within sixty days of the Second Amendment Effective Date, (c)   cause (x) a Pledge Agreement, in form and substance acceptable to Agent,   regarding the equity interests of BCcomponents NV (or any successor thereto)   and (y) a Joinder Agreement to the Foreign Guaranty to be executed by   BCcomponents NV (or any successor thereto), each in form and substance   acceptable to Agent, to be executed and delivered to Agent no later than   January
1, 2005
  

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and (d)   otherwise be in compliance with its obligations under Section 7.16 of the   Credit Agreement, unless any of the documentation otherwise required under   Section 7.16 has been specifically waived. Failure to deliver the Pledge   Agreements and Joinder Agreements described in this paragraph within the time   specified herein or in the Credit Agreement as amended hereby shall, unless   extended by the Required Lenders, be an Event of Default under the Credit   Agreement.
  
	
  
 
  	
  
 
  
	
  
17.
  	
  
The Agent   and the Lenders hereby consent (retroactively, to the extent necessary) to   the Chinese Restructuring, and, as required by the Chinese Restructuring, the   Agent and Lenders hereby (a) agree to waive any requirement that additional   issued shares of SVS be pledged to Agent and Lenders (such waiver to be   retroactive to the date of issuance of such stock), and (b) consent to the   release by the Agent, at the Agent’s discretion, of the Lien granted to Agent   for the benefit of the Lenders under that certain Pledge Agreement executed   and delivered in connection with the shares of SVS, and the Joinder Agreement   to Foreign Guaranty executed by SVS, to the extent necessary to effectuate   the Chinese Restructuring.
  
	
  
 
  	
  
 
  
	
  
18.
  	
  
This Second   Amendment shall become effective (according to the terms hereof) on the date   (the “Second Amendment Effective Date”) confirmed by the Company that the   following conditions have been fully satisfied by the Company:
  
	
   
  	
  
 
  
	
  
 
  	
  
(a)
  	
  
Agent shall   have received counterpart originals of this Second Amendment, in each case   duly executed and delivered by the Company, the Permitted Borrowers and   requisite Lenders and in form and substance satisfactory to Agent and the   requisite Lenders;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
Agent shall   have received counterpart originals of those certain Reaffirmations of   Guaranty executed and delivered by the applicable Guarantors; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
Company   shall have delivered to Agent such other documentation as Agent and the   Lenders may reasonably request.
  
	
  
 
  	
  
 
  	
  
 
  
	
  19.
  	
  
Each of the   Company and the Permitted Borrowers hereby represents and warrants that,   after giving effect to the amendments contained herein, (a) execution and   delivery of this Second Amendment and the other Loan Documents required to be   delivered hereunder (if any), and the performance by the Company and the   Permitted Borrowers of their respective obligations under the Credit   Agreement as amended hereby (herein, as so amended, the “Amended Credit   Agreement”) are within such undersigned’s corporate powers, have been duly   authorized, are not in contravention of law or the terms of its articles of   incorporation or bylaws or other organic documents of the parties thereto, as   applicable, and except as have been previously obtained do not require the   consent or approval, material to the amendments contemplated in this Second   Amendment or the Amended Credit Agreement, of any governmental body, agency   or authority, and this Second
Amendment, the Amended Credit Agreement and the   other Loan Documents required to be delivered hereunder (if any), will   constitute the valid and binding obligations of such undersigned parties   enforceable in accordance with their respective terms, except as enforcement   thereof may be limited by applicable bankruptcy, 
  

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reorganization,   insolvency, moratorium, ERISA or similar laws affecting the enforcement of   creditors’ rights generally and by general principles of equity (whether   enforcement is sought in a proceeding in equity or at law), (b) the   continuing representations and warranties set forth in Sections 6.1 through   6.20, inclusive, of the Amended Credit Agreement are true and correct on and   as of the date hereof (except to the extent such representations specifically   relate to an earlier date), and such representations and warranties are and   shall remain continuing representations and warranties during the entire life   of the Amended Credit Agreement, and (c) as of the Second Amendment Effective   Date, no Default or Event of Default shall have occurred and be continuing,   except as may have been waived by the terms of this Second Amendment.
  
	
   
  	
  
 
  
	
  
20.
  	
  
Except as   specifically set forth above, this Second Amendment shall not be deemed to   amend or alter in any respect the terms and conditions of the Credit   Agreement, any of the Notes issued thereunder or any of the other Loan   Documents, or to constitute a waiver by the Agent and the Lenders of any   right or remedy under or a consent to any transaction not meeting the terms   and conditions of the Credit Agreement, any of the Notes issued thereunder or   any of the other Loan Documents.
  
	
  
 
  	
  
 
  
	
  
21.
  	
  
Each of the   Company and the Permitted Borrowers hereby acknowledges and confirms that it   does not possess (and hereby forever waives, releases and holds harmless the   Agent and the Lenders and each of their former, current and future parents,   subsidiaries, affiliates, directors, officers, employees, attorneys and other   representatives and each of their respective successors and assigns   (collectively, the “Lender Parties”) from and against, and agrees not to   allege or pursue) any claim, cause of action, demand, defense, and other   right of action whatsoever, in law or equity which it and its respective   successors or assigns have or may have against the Lender Parties, or any of   them, 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.
  
	
   
  	
  
 
  
	
  
22.
  	
  
Each of the   Company and the Permitted 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 Company,   any Permitted Borrower or any other party or any rights, privilege or remedy   of the Agent or the Lenders under the Credit Agreement, any other Loan   Document, any other agreement or document, or any contract or instrument.
  
	
  
 
  	
  
 
  
	
  
23.
  	
  
Each of the   Company and the Permitted Borrowers hereby ratifies, confirms and reaffirms   its covenants, agreements and obligations under the Credit Agreement, as   amended as of the date hereof by the First Amendment and the Second   Amendment, and
  

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each other   Loan Document previously executed and delivered by it, or executed and   delivered in accordance with the First Amendment or this Second   Amendment.  Each reference in the   Credit Agreement to “this Agreement” or “the Credit Agreement” shall be   deemed to refer to Credit Agreement as amended by the First Amendment and   this Second Amendment and each other amendment from time to time executed and   delivered thereto.
  
	
   
  	
  
 
  
	
  
24.
  	
  
Unless   otherwise defined to the contrary herein, all capitalized terms used in this   Second Amendment shall have the meaning set forth in the Credit Agreement.
  
	
  
 
  	
  
 
  
	
  
25.
  	
  
This Second   Amendment may be executed in counterpart in accordance with Section 13.10 of   the Credit Agreement.
  
	
  
 
  	
  
 
  
	
  
26.
  	
  
This Second   Amendment shall be construed in accordance with and governed by the laws of   the State of Michigan.
  

11

          WITNESS the due execution hereof as of the day and year first above written.

 

	
  COMPANY:
  	
  
 
  	
  
AGENT:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
VISHAY INTERTECHNOLOGY, INC.
  	
  
 
  	
  
COMERICA BANK,   As Co-Lead
  
	
  
 
  	
  
 
  	
  
 
  	
  
Arranger,   Co-Book Running Manager and
   Administrative Agent
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD N. GRUBB
  	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
Its:
  	
  
Executive   Vice President, 
   Chief Financial Officer and Treasurer

63 Lincoln   Highway
   Malvern, Pennsylvania 19355
  	
  
 
  	
  
Its:
  	
  
Vice   President
   One Detroit Center
   500 Woodward Avenue
   Detroit, Michigan 48226
  
	
   
  	
  
 
  	
  
 
  	
  
Attention: Corporate   Finance
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
PERMITTED   BORROWERS:
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
VISHAY EUROPE   GmbH
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD N. GRUBB
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
  
Its:
  	
  
Vice President
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  VISHAY ELECTRONIC   GmbH
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD N. GRUBB
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
  
Its:
  	
  
Vice   President
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
VISHAY INTERTECHNOLOGY ASIA PTE LTD
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ BEE LENG SAW
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  
 
  
	
  Its:
  	
  
Director
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  

12

	
  
 
  	
  
COMERICA BANK,   individually, as a Lender, Swing Line Bank and as Issuing Bank
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
BANK OF    AMERICA N.A., as   Documentation Agent and as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
FLEET NATIONAL   BANK,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
BANK HAPOALIM   B.M.,
   NEW YORK   BRANCH,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  

13

	
  
 
  	
  
BANK LEUMI   USA, as Managing Agent and as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
ISRAEL DISCOUNT   BANK OF    NEW YORK,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
WESTLB AG,   New York Branch, as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
WACHOVIA BANK,   NATIONAL ASSOCIATION, as Documentation Agent and a   Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
JP MORGAN CHASE   BANK,   as Documentation Agent and a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Its:
  	
  
___________________________________________
  

14

	
  
 
  	
  
BANK OF    TOKYO-MITSUBISHI   TRUST COMPANY,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Its:
  	
  
___________________________________________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
KEYBANK NATIONAL   ASSOCIATION,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
THE BANK OF    NOVA   SCOTIA,   as a Lender
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Its:
  	
  
___________________________________________
  

15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]