Document:

exhibit10-7.htm

    LEASE AGREEMENT

     

    Made and signed on the
4 of July, 2010

     

    
      	BETWEEN:	     	V.I.E.C. Ltd.
	  	
            	Company No. 51-161299-6
	  	
            	(hereinafter, the “Lessor”)
	  	
            	 	of the
      one part	 
	  
	A N D:	
            	Vishay Advanced Technologies Ltd.
      
	  	
            	Company No. 51-2868142
	   
	  	
            	(hereinafter, the “Lessee ”)
	  	
            	 	of the
      other part	 
	  
	WHEREAS:	
            	
              The Lessor is the long term leaseholder from the Israel Land
      Administration (hereinafter: “ILA”) of the land known as parcel 1 in
      block 38095 (hereinafter: the “Land”) located on Emek Sarah in Beer Sheva,
      and the building standing on the Land (hereinafter, the “Building”),
      and;

            
	  	
            	   
	WHEREAS:	
            	
              Part of the Building is occupied and operated by the
      Lessor;

            
	
            	
            	 
	WHEREAS:	
            	
              The Lessee desires to lease from The Lessor part of the Building
      designated in red on the plan attached to this Agreement as Appendix
      A (hereinafter: the
      "Premises") for the terms and subject to the
      conditions provided in this Agreement;

            
	  	
            	 
	THEREFORE	
            	the parties hereby agree as
      follows:

    
 

    
      	1.	      	The Lease
	 
	1.01	
            	The Lessee hereby leases the Premises
      from the Lessor in its "as is" condition (hereinafter: the "Lease").
	 
	1.02	
            	The Premises are leased to the Lessee
      for a period of five (5) years commencing on July 4th 2010 and terminating on July 3th 2015 (hereinafter: the "Term").

    

    
    

     

    

    
    

    
      	1.03	     	The Lessee has an option to extend the
      Term for five (5) periods of one (1) year each, on the terms and
      conditions hereof. The exercise of the option will be by way of sending
      the Lessor a written notice of the Lessee’s intention to extend the Term
      as above, no later than three (3) months prior to the expiration of the
      Term.
	 
	
            	
            	All the terms and conditions of this
      Agreement shall apply during the extended term as above, should the Term
      be so extended, save for the right to extend the Term.
	 
	1.04	
            	The Premises are leased to the Lessee to
      be used for manufacturing and related commercial purposes, and for no
      other purpose.
	 
	2.	
            	The Rent
	 
	2.01	
            	In consideration for the Lease, the
      Lessee shall pay the Lessor annual rent in the amount of US$78,000
      (hereinafter the "Rent").
	 
	
            	
            	The annual Rent during the Term and
      during the extended term as in section 1.03, should the Term be extended,
      shall be linked to US CPI . The base Index for such calculation should be
      the CPI known on the date of this Agreement.
	 
	2.02	
            	The Rent will be paid every year during
      the Term, in advance, on the first day of each calendar year of the
      Term.
	 
	2.04	
            	Value Added Tax ("VAT") shall be added to every Rent payment
      and to any other payment under this Agreement, at the rate applicable at
      the time of such payment.
	 
	2.05	
            	The Rent and all other payments made by
      the Lessee shall be paid in the equivalent amount in New Shekels according
      to the last representative rate of exchange of the United States dollar
      published by the Bank of Israel and known on the date of actual
      payment.
	 
	3.	
            	Additional
    Payments
	 
	3.01	
            	All taxes, fees, levies, municipal and
      governmental, which shall apply to the Premises during the Term, shall be
      borne and timely paid by the Lessee. Without derogating from the above,
      the Lessee shall pay the Proportional

    

     

    2

     

    

    
    

    
      	
            	     	Share in all taxes, fees and levies
      relating to the Common Areas of the Building designated in the blue on the
      scheme attached hereto as Appendix A
      (hereinafter the
      "Common Areas").
	  
	
            	
            	The "Proportional Share" shall be calculated accordingly to the
      area of the Premises in relation to the total area the Building less the
      Common Areas.
	 
	3.02	
            	The Lessee shall bear and pay during the
      Term: (a) all payments and expenses for the any supply of utilities as
      compressed air, water and electricity, HVAC (Heat, ventilation, air
      condition), industrial gases in accordance with its Proportional Share ;
      and (b) all taxes and payments with regard to the conduct in the Premises
      of the Lessee's business, including business tax, signs tax, licenses fees
      and the like.
	  
	3.03	
            	Should any payment that the Lessee is
      required to bear and pay, be made by the Lessor, the Lessee shall repay
      the Lessor any such amount, together with interest.
	 
	3.04	
            	Throughout the Term, the Lessee shall
      bear and pay its Proportional Share in the cost of management and
      maintenance of the Building and, with an addition of 5% management
      fee.
	 
	4.	
            	Possession and Use of the
      Premises
	 
	4.01	
            	The Lessee shall not: assign its rights
      under this Agreement, or any part thereof, to any entity or person
      whatsoever, directly or indirectly, deliver or transfer the Premises or
      any part thereof to any entity or person whatsoever; sub-lease the
      Premises or any part thereof to any entity or person; permit the use of
      the Premises or any part thereof by any entity or person for any period
      and in any manner whatsoever; allow others to share possession of the
      Premises or any part thereof in any manner; or grant any entity or person
      any right in the Premises whether for consideration or without
      consideration.
	 
	4.02	
            	The Lessee shall maintain the Premises
      throughout the Term in good condition and not cause any damage or breakage
      therein to the Premises or to any of its installations and systems; and
      shall be responsible for the immediate repair, at its own expense, of any
      damage or breakage (excluding reasonable wear and tear) which may be
      caused to the Premises or its installations or
  systems.

    

     

    3

     

    

    
    

    
      	4.03	    	The Lessee shall not: effect any
      alterations, make any additions or destroy any part of the Premises and/or
      any of its installations and systems, without the prior written consents
      of Lessor. The Lessor shall be free to withhold its consent and will not
      be obliged to give reasons. The Lessor shall be entitled to prevent
      implementation of any act as aforesaid, at any time, and to remove or
      destroy any alteration or addition that may be effected without the
      Lessor's prior written consent. Should the Lessee breach any of its
      obligations as above, the Lessor shall be entitled, in addition to any
      other remedy available to it by law, to terminate this
  Agreement.
	 
	4.04	
            	In the event the Lessee has received the
      needed approvals and made changes or additions to the Premises (the
      "Changes"), the Lessee undertakes to restore the
      Premises before the end of the Term to their condition as of the date of
      execution hereof. Should the Lessee not restore the Premises as required
      above, then Lessor may restore the Premises to their previous condition.
      In such case, the Lessee will pay Lessor, upon its first demand, all sums
      paid by Lessor in connection with such restoration.
	 
	4.05	
            	Throughout the Term of the Lease the
      Lessee shall enjoy common use, together with the Lessor and / or any
      possessors of areas in the Building, of the Common Areas. The Lessee
      undertakes to the Common Area as expected with regard to areas that are in
      common use.
	  
	
            	
            	The Lessee, its employees, visitors, or
      clients will not enter those parts of the Building that are not included
      in the Premises and are not part of the Common Areas (hereinafter the
      "Lessor's Areas"),
	  
	5.	
            	Licenses
	 
	
            	
            	The Lessee undertakes to receive and
      hold in full affect, throughout the Term all licenses and permits required
      for the purpose of conducting its business in the Premises.
	 
	6.	
            	Responsibility of the
      Lessee
	 
	6.01	
            	The Lessee is obligated to maintain the
      Premises during the Term in good condition, and avoid from causing any
      damage or breakage to the Premises or any of its systems or installations,
      and to repair immediately and on its
expense

    

     

    4

     

    

    
    

    
      	
            	
            	any damage that may be caused to the
      Premises and its systems and installations.
	  
	6.02	    	The Lessee shall be responsible for any
      damage or breakage that may be caused to the Premises and/or to the
      Building and/or to Lessor and/or to any third party in the Premises and/or
      in the Building, as a result of the actions and/or omissions of the
      Lessee, its employees, visitors, or clients, and/or as a result of the
      conduct of the Lessee's business in the Premises.
	 
	6.03	
            	The Lessor shall not have any liability
      or responsibility whatsoever relating to or arising from any such damage
      or breakage (including but not limited to, bodily injury) that may be
      caused to the Lessee, to the Premises, to its contents, or to any third
      party. The Lessee alone shall be responsible for any such injury or
      damage, and shall indemnify and/or hold Lessor harmless from any payments
      and expenses which may be incurred as a result of such damage or
      breaking.
	 
	7.	
            	Insurance
	 
	
            	
            	Without derogating from the
      responsibility of the Lessee as stated in section 6 above, the Lessor
      undertakes to hold during the entire Term insurance as
  customary.
	 
	8.	
            	Changes or Additions by
      Lessor
	 
	8.01	
            	The Lessor is entitled to make any
      changes in the Building and to initiate changes in the town plan relating
      to the Building and to the Land and to request a building permit with
      respect to the Land and/or the Building. The Lessee undertakes not to
      interfere and not to oppose such changes or requests.
	 
	8.02	
            	The Lessor shall be entitled, without
      need for the Lessee's consent, to initiate and to perform any changes or
      additions to the Building, at its absolute discretion as it shall deem fit
      from time to time.
	 
	8.03	
            	Without derogating from the generality
      of any section of this Agreement, the Lessee hereby explicitly agrees that
      Lessor may at any time, add and/or construct additional floors in the
      Building and/or carry out any other construction works and/or changes
      and/or additions in the Building; without any limitation and without the
      need for the Lessee's consent. The Lessee

    

     

    5

     

    

    
    

    
      	
            	
            	undertakes to enable Lessor to carry out
      said work and not to interfere and not to oppose such work or otherwise
      disturb.
	 
	9.	    	Vacating the
      Premises
	 
	
            	
            	Upon the end of the Term, or upon
      termination of this Agreement for any reason whatsoever before the end of
      the Term, the Lessee undertakes to vacate the Premises and to deliver the
      possession thereof to Lessor. The Premises, when the Lessee vacates them,
      shall be free and clear of all persons and objects connected to the
      Lessee, clean, and in condition in which the Lessee received them from
      Lessor, except for reasonable wear and tear.
	 
	10.	
            	Miscellaneous
	 
	10.01	
            	All payments that the Lessee undertakes
      to pay the Lessor in accordance with this Agreement shall be paid by the
      Lessee by way of deposit to Lessor’s account details of will be given by
      the Lessor from time to time.
	 
	10.02	
            	This Agreement is not transferable or
      assignable by the Lessee in any manner.
	 
	10.03	
            	The Lessor shall be entitled to transfer
      and/or assign any or all of its rights to the Building and/or the
      Premises. The Lessor shall be entitled to transfer and/or assign any or
      all of its rights and/or liabilities under this Agreement without any
      limitation and in its sole and absolute discretion and without any need
      for consent of the Lessee.
	 
	10.04	
            	Lessor represents that the Premises are
      not mortgaged.
	 
	10.05	
            	This Agreement completely reflects the
      agreements and understandings of the parties with respect to the Premises,
      and this Agreement supersedes any and all undertakings, representations,
      understandings, or agreements, if any, between the parties made prior to
      the execution of this Agreement. Any change or addition to this Agreement
      must be in writing and be signed by both parties.
	 
	10.06	
            	To assure payment of the Rent and the
      fulfillment of all the lessee's other obligations, including the vacating
      of the Premises by the Lessee, the Lessee shall furnish the Lessor, upon
      the signing of this Agreement, with promissory note (hereinafter
      “the Security”). The Lessor shall have the right to
      use the

    

     

    6

     

    

    
    

    
      	
            	
            	Security monies or any part thereof in
      the event the Lessee breaches its obligations under this
    Agreement.
	  
	11.	
            	Addresses and
      Notices
	  
	12.01	     	The
      addresses of the parties for the purposes of this Agreement are as
      follows:

    
 

    
      	Lessor:	     	2 Haofan Street, Holon 58814,
      Israel
	   	 	 
	Lessee:	
            	2 Haofan Street, Holon 58814,
      Israel

    

    
      	11.02	     	Any notice sent by one party to the
      other by registered mail to the addresses abovementioned shall be deemed
      as having been delivered within a reasonable time from the date of its
      posting at a post office.
	 
	 
	
            	
            	IN WITNESS WHEREOF, the parties have hereby affixed their
      signatures on the day first above written.
	
            

    
  
  

    
      	VISHAY ADVANCED
      TECHNOLOGY, LTD.	 	
            	V.I.E.C.
      LTD.	 
	 	
            	 
	The Lessee	     	Lessor
	By:  
      	/s/ Ziv Shoshani	 	
            	By:   	/s/ Marc Zandman	 
	Title: 
      	Authorized
      Signatory	
            	
            	Title: 
      	Authorized
      Signatory	
            

    

    7exhibit10-8.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 Dale
Electronics, Inc.,
a
Delaware corporation, 

     

    as Supplier

     

    and

     

    Vishay
Advanced Technology, Ltd.,
an Israeli 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 Dale Electronics, Inc., a Delaware corporation (“Supplier”), and Vishay Advanced Technology,
Ltd., an Israeli 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-

     

    2

     

    

    
    

    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. 

     

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

     

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

     

         “Forecast” means, with respect to any
relevant period, a good faith non-binding forecast, based on information
available to Buyer at the time of such forecast (which information, if reduced
to writing, shall be made available to Supplier upon reasonable request), of the
Firm Order for each Product that Buyer expects to deliver to Supplier for each
calendar month during such period. 

     

         “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 4.5.

     

         “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 6.1(a). 

     

         “Raw Materials
Cost” means the
direct cost of material used in a finished Product, including the normal
quantity of material wasted in the production process, purchasing costs, inbound
freight charges and any applicable subcontractor charges. 

     

         “Six-Month
Forecast” means
a forward-looking Forecast for a period of six consecutive calendar months,
beginning on July 1 and January 1 of each calendar year, or, if earlier with
respect to any Product, the last day of the Term for such Product.

     

         “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.

     

         “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 7.1.

     

    

    
    

         “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, such amounts of
Products, as from time to time shall be ordered by Buyer. 

     

         (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.
(a) 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 related thereto as shall be requested by Buyer in
accordance with this Section or as otherwise agreed in writing by the Parties.
All other Products shall be manufactured with such Specifications as the Parties
shall agree in writing. 

     

         (b) Buyer may request changed or
additional Specifications for any Product by delivering written notice thereof
to Supplier not less than one hundred twenty (120) days in advance of the first
Firm Order for such Product to be supplied with such changed or additional
Specifications. Notwithstanding the foregoing, if additional advance time would
reasonably be required in order to implement the manufacturing processes for
production of a Product with any changed or additional Specifications, and to
commence manufacture and delivery thereof, Supplier shall so notify Buyer, and
Supplier shall not be required to commence delivery of such Product until the
passage of such additional time. 

     

         (c) Supplier shall be required to
accommodate any change of, or additions to, the Specifications for any Product,
if and only if (i) in Supplier’s good faith
judgment, such changed 

     

    

    
    

    or additional
Specifications would not require Supplier to violate good manufacturing
practice, (ii) the representation and warranty of Buyer deemed made pursuant to
Subsection (e) below is true and correct, and (iii) Buyer agrees to reimburse
Supplier for the incremental costs and expenses incurred by Supplier in
accommodating the changed or additional Specifications, including the costs of
acquiring any new machinery and tooling. For the avoidance of doubt, such costs
and expenses shall be payable by Buyer separately from the cost of Products at
such time or times as Supplier shall request. 

     

         (d) Supplier shall notify Buyer in
writing within thirty (30) days of its receipt of any request for changed or
additional Specifications (i) whether Supplier will honor such changed or
additional Specifications, (ii) if Supplier declines to honor such changed or
additional Specifications, the basis therefor and (iii) if applicable, the
estimated costs and expenses that Buyer will be required to reimburse Supplier
in respect of the requested changes or additions, as provided in Subsection (c)
above. Buyer shall notify Supplier in writing within fifteen (15) days after
receiving notice of any required reimbursement whether Buyer agrees to assume
such reimbursement obligation. 

     

         (e) By its request for any changed or
additional Specifications for any Product, Buyer shall be deemed to represent
and warrant to Supplier that the manufacture and sale of the Product
incorporating Buyer’s changed or additional Specifications, as a result of such
incorporation, will not and could not reasonably be expected to (i) violate or
conflict with any contract, agreement, arrangement or understanding to which
Buyer and/or any of its Affiliates is a party, including this Agreement and any
other contract, agreement, arrangement or understanding with Supplier and/or its
Affiliates, (ii) infringe on any trademark, service mark, copyright, patent,
trade secret or other intellectual property rights of any Person, or (iii)
violate any Applicable Law. Buyer shall indemnify and hold Supplier and its
Affiliates harmless (including with respect to reasonable attorneys’ fees and
disbursements) from any breach of this representation and warranty.

     

         SECTION 2.3 New Products. If Buyer shall request in writing
that Supplier manufacture and sell to Buyer an item that is not at the time a
Product, Supplier shall consider such request in good faith, giving due
consideration to Supplier’s available manufacturing capacity, Supplier’s Other
Manufacturing Obligations, existing know-how, technical feasibility, cost,
profitability and other relevant factors. Supplier shall inform Buyer within a
reasonable time of Supplier’s determination in principle whether to manufacture
such Product, and if Supplier has determined not to manufacture such Product,
the reasons therefor. If Supplier shall inform Buyer that it is willing in
principle to manufacture and sell such Product, Buyer and Supplier shall
negotiate in good faith with respect to the terms of such manufacture and sale,
including pricing and the Exhibits to this Agreement shall be modified
accordingly; provided, however, that neither Party shall be bound
with respect to the manufacture and sale of any such Product unless the Parties
shall have so agreed in writing.

     

         SECTION 2.4 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. 

     

    

    
    

         SECTION 2.5 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 (I)
one (1) year from the date of Buyer’s information that it does not accept the
change proposed by Supplier and (II) if such notice of termination is delivered
more than ninety (90) days before the end of the then current Term, the end of
such Term; subject to the right of the Buyer to submit a Last-Time Buy Order in
accordance with Section 4.5.

     

         SECTION 2.6 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 4.5. 

     

         SECTION 2.7 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
FORECASTS 

     

         SECTION 3.1 Forecasts. (a) As soon as possible, but in no
event later than thirty (30) days following the distribution of shares of common
stock of Vishay Precision Group, Inc. (“VPG”) to the shareholders of Vishay
Intertechnology, Inc. (“Vishay Intertechnology”) under that certain Master
Separation and Distribution Agreement between Vishay Intertechnology and VPG
(the “Master Separation Agreement”), Buyer shall provide to Supplier an initial
Forecast for the period ending on December 31, 2010. Beginning on December 1,
2010, and thereafter, on May 31 and December 1 of each calendar year, Buyer
shall provide to Supplier a Six-Month Forecast for the 6-month period beginning
on the immediately following July 1 and January 1, respectively.

     

         (b) If it is commercially impracticable
for Buyer to deliver a Six-Month Forecast for a particular Product, Buyer shall
deliver Forecasts to Supplier at such intervals and for such periods as
reasonable under the circumstances, and Supplier shall in good faith consider
such Forecasts delivered by Buyer.

     

         (c) Supplier shall use all Forecasts
delivered by Buyer under this Agreement for capacity and raw material planning
purposes only, and such Forecasts will not constitute a commitment of any type
by Buyer to purchase any Product. 

     

    

    
    

         SECTION 3.2 Forecasts in Excess of
Capacity. Upon
receipt of each Forecast, Supplier shall determine whether it will have the
capacity to manufacture and sell to Buyer the Products in the forecasted
amounts. If Supplier determines that it will not have the capacity to
manufacture and deliver any Product to Buyer as forecasted, Supplier shall so
notify Buyer as promptly as practicable. Supplier and Buyer shall thereafter
negotiate in good faith in order to match Supplier’s manufacturing capacity with
Buyer’s requirements for the specified Product, such as by advancing or
deferring the delivery of the Product to other periods. In the event that
Supplier and Buyer shall agree to accommodate Buyer’s forecasted requirements in
a manner that will require the expenditure by Supplier of unbudgeted costs and
expenses in addition to the costs and expenses that Supplier would otherwise be
required to expend in order to fulfill its obligations under this Agreement,
Buyer shall be obligated to reimburse Supplier for such costs and expenses as
have actually been expended by Supplier, notwithstanding that the manufacture
and sale of Products in accordance with the Firm Orders subsequently delivered
by Buyer for the relevant periods do not require such expenditure. 

     

         SECTION 3.3 Firm Orders in Excess of
Forecasts. In
the event that the Firm Order for any Product shall exceed the Forecast
contained in the most recent prior Forecast for such Product (as such Forecast
may have been modified by agreement of the Parties in the manner contemplated in
Section 3.2; such excess being referred to as
the “Excess Order”), Supplier shall notify Buyer, as
promptly as reasonably practicable after receipt of such Firm Order, whether
Supplier has sufficient available capacity to accommodate the Excess Order,
taking into consideration Supplier’s manufacturing capacity for such Product and
Supplier’s Other Manufacturing Obligations. If Supplier shall not have
sufficient available capacity to accommodate the Excess Order, Supplier and
Buyer shall negotiate in good faith in order to match Supplier’s available
manufacturing capacity with Buyer’s requirements for the specified Product, such
as by advancing or deferring the delivery of the Product to other
periods.

     

    ARTICLE
IV
ORDERS AND
PAYMENT

     

         SECTION 4.1 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 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. Buyer agrees to
pay reasonable incremental expenses related to any emergency order.

     

         SECTION 4.2 Shipment.

     

         (a) Products will be shipped by Supplier
to Buyer FOB shipping point. 

     

    

    
    

         (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.

     

         (c) For the avoidance of doubt, title to
and risk of loss or damage will pass to Buyer upon Buyer’s pick up for transfer
of the Products ordered.

     

         SECTION 4.3 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. Such pricing shall take into account changes in the cost of manufacturing
the Products, including labor, manufacturing, utility and other direct costs,
and other ascertainable market inputs. If the Parties cannot in good faith agree
on pricing for the Products, until such time as the Parties do so agree,
Supplier shall have no obligation to honor any Firm Orders submitted by Buyer to
the extent that such Firm Orders are placed following expiration of the then
current calendar year. 

     

         SECTION 4.4 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 4.5 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”) if (i)
Supplier delivers to Buyer notice of its intention not to renew the Term
pursuant to Section 7.2; (ii) Supplier terminates this
Agreement in respect of such Product in connection with Buyer’s choice not to
accept a change in such Product under Section 2.5; (iii) Supplier delivers to Buyer a
notice of discontinuation of such Product; or (iv) Buyer terminates this
Agreement in connection with a material breach by Supplier pursuant to
Section 7.3. 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
V
CONFIDENTIALITY 

     

         SECTION 5.1 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 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 Separation Agreement
shall govern, mutatis mutandis, the confidentiality obligations of
the parties under this Section. 

     

    ARTICLE
VI
PRODUCT WARRANTY; LIMITATION OF
LIABILITY

     

         SECTION 6.1 Product Warranty; Merchantability
Warranty. (a)
Supplier warrants to Buyer that the Products shall, at the time of delivery to
Buyer in accordance with Section 4.2: (i) conform to the Specifications
therefor, as provided in Section 2.2; (ii) be free from material
defects; and (iii) be manufactured in accordance with good manufacturing
practice and Applicable Law (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. 

     

         SECTION 6.2 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 6.2 shall be subject to the
confidentiality provisions of Article V above. 

     

         SECTION 6.3 Indemnification. (a) Subject to Section 6.4, 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 other than any change in Specifications
requested by Supplier and deemed accepted by Buyer under Section 2.5. 

     

         (c) Any Party seeking indemnification
pursuant to this Section 6.3 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 expiration or termination of the Term. 

     

         SECTION 6.4 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 6.5 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. 

     

    ARTICLE VII

TERM OF AGREEMENT; RENEWAL TERM;
TERMINATION

     

         SECTION 7.1 Term of Agreement. Unless earlier terminated pursuant
to Section 7.3, the term of this Agreement shall
be perpetual. 

     

    

    
    

         SECTION 7.2 Termination. Either Party may terminate this
Agreement at any time upon prior written notice to the other at least one (1)
year prior to the requested date of termination. 

     

         SECTION 7.3 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
VIII
DISPUTE
RESOLUTION

     

         SECTION 8.1 The terms and provisions
of Article VIII of the Master Separation Agreement 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
IX
MISCELLANEOUS 

     

         SECTION 9.1 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 (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 9.2 Force Majeure. The Parties shall not be liable
for the failure or delay in performing any obligation under this Agreement
(except pursuant to Section 7.4) 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. 

     

         SECTION 9.3 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 9.4 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 9.5 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 9.6 Consent to
Jurisdiction.
Subject to the provisions of Article VIII, 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 9.16. 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 9.10 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 9.6. 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
9.6, and waives
any claim that any such action, suit or proceeding brought in any such court has
been brought in an inconvenient forum. 

     

         SECTION 9.7 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 9.8 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 9.9 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 9.10 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): 

     

    
      	     	
              If to
      Supplier, to: 

               

              Vishay
      Dale Electronics, Inc. 
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
      Buyer, to: 

               

              Vishay
      Advanced Technology, Ltd.
c/o Vishay Precision Group, Inc. 
3 Great
      Valley Parkway 
Malvern, PA 19355-1307 
Attention: William M.
      Clancy
Telephone: 484-321-5300
Facsimile: 484-321-5300 

               

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

     

         SECTION 9.12 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 9.13 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
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 9.14 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 9.15 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 9.16 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 9.17 Waiver of jury
trial. Subject
to Article VIII, 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 9.17. 

     

    [SIGNATURE PAGE FOLLOWS]

     

    

    
    

         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
      DALE ELECTRONICS, INC.

            
	
            	 
	
            	 	
            	
            
	
            	By: 	
              /s/ Lior E.
      Yahalomi

            
	
            	
            	Name: 	
              Lior E.
      Yahalomi 

            
	
            	
            	Title:	
              Executive Vice President and Chief
Financial
    Officer

            
	
            	 	
            	
            
	
            	 	
            	
            
	
            	
              BUYER:
  

            
	
            	
              VISHAY
      ADVANCED TECHNOLOGY, LTD.

            
	
            	 	
            	
            
	
            	 	
            	
            
	
            	By:	
              /s/ Ziv
      Shoshani
      

            
	
            	
            	Name:	
              Ziv
      Shoshani 

            
	
            	
            	Title:	
              Authorized
  Signatory

            

    

     

    

    
    

    EXHIBIT A 

     

    
      	 	 	
            	
            	
            	PRICE PER
      QUANTITY
	 	 	 	 	 	(USD)
	
            	
            	
            	
            	
            	
            	Minimum
	REF P/N	DESCRIPTION	MODEL	VALUE	TOL	All Qty	Order Qty
	[***]	[***]	[***]	[***]	[***]	[***]	[***]
	[***]	 

    

     

    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 [***].

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"}]]