TABLE OF CONTENTS

		Section				Page
ARTICLE I.				DEFINITIONS AND ACCOUNTING TERMS			1
		1.01		Defined Terms			1
		1.02		Other Interpretive Provisions			27
		1.03		Accounting Terms			27
		1.04		Rounding			28
		1.05		Exchange Rates; Currency Equivalents			28
		1.06		Additional Alternative Currencies			29
		1.07		Change of Currency			29
		1.08		Times of Day			30
		1.09		Letter of Credit Amounts			30
ARTICLE II.				THE COMMITMENTS AND CREDIT EXTENSIONS			30
		2.01		Committed Loans			30
		2.02		Borrowings, Conversions and Continuations of Committed Loans			31
		2.03		Letters of Credit			33
		2.04		Swing Line Loans			42
		2.05		Prepayments			45
		2.06		Termination or Reduction of Commitments			46
		2.07		Repayment of Loans			46
		2.08		Interest			47
		2.09		Fees			47
		2.10		Computation of Interest and Fees			48
		2.11		Evidence of Debt			49
		2.12		Payments Generally; Administrative Agents Clawback			49
		2.13		Sharing of Payments by Lenders			51
		2.14		Designated Borrowers			52
		2.15		Increase in Commitments			53
ARTICLE III.				TAXES, YIELD PROTECTION AND ILLEGALITY			54
		3.01		Taxes			54
		3.02		Illegality			57
		3.03		Inability to Determine Rates			58
		3.04		Increased Costs			58
		3.05		Compensation for Losses			59
		3.06		Mitigation Obligations; Replacement of Lenders; Certificates			60
		3.07		Survival			61

TABLE OF CONTENTS (continued)

		Section				Page
ARTICLE IV.				CONDITIONS PRECEDENT TO CREDIT EXTENSIONS			61
		4.01		Conditions of Initial Credit Extension			61
		4.02		Conditions to all Credit Extensions			64
ARTICLE V.				REPRESENTATIONS AND WARRANTIES			65
		5.01		Due Incorporation, Qualification, Etc			65
		5.02		Authority			65
		5.03		Enforceability			65
		5.04		Non-Contravention			65
		5.05		Approvals			65
		5.06		No Violation or Default			66
		5.07		Litigation			66
		5.08		Title; Possession Under Leases			66
		5.09		Financial Statements			66
		5.10		Employee Benefit Plans			67
		5.11		Other Regulations			68
		5.12		Patent and Other Rights			68
		5.13		Governmental Charges			68
		5.14		Margin Stock			68
		5.15		Subsidiaries, Etc			69
		5.16		Solvency, Etc			69
		5.17		Senior Debt			69
		5.18		No Withholding, Etc			69
		5.19		No Material Adverse Effect			69
		5.20		Accuracy of Information Furnished			69
		5.21		Representations as to Foreign Obligors			69
		5.22		Taxpayer Identification Number; Other Identifying Information			70
ARTICLE VI.				AFFIRMATIVE COVENANTS			71
		6.01		Information			71
		6.02		Books and Records			74
		6.03		Inspections			74
		6.04		Insurance			74
		6.05		Taxes, Governmental Charges and Other Indebtedness			74
		6.06		Use of Proceeds			75
		6.07		General Business Operations			75
		6.08		Pari Passu Ranking			75
		6.09		Designated Senior Debt			75
		6.10		PATRIOT Act			75
		6.11		Subsidiary Guarantors			76

TABLE OF CONTENTS (continued)

		Section				Page
ARTICLE VII.				NEGATIVE COVENANTS			77
		7.01		Indebtedness			77
		7.02		Liens			78
		7.03		Asset Dispositions			81
		7.04		Mergers, Acquisitions, Etc			82
		7.05		Investments			83
		7.06		Dividends, Redemptions, Etc			84
		7.07		Change in Business			85
		7.08		Employee Benefit Plans			85
		7.09		Transactions With Affiliates			86
		7.10		Accounting Changes			86
		7.11		Burdensome Contractual Obligations			86
		7.12		Senior Debt			88
		7.13		Financial Covenants			88
ARTICLE VIII.				EVENTS OF DEFAULT AND REMEDIES			88
		8.01		Events of Default			88
		8.02		Remedies Upon Event of Default			91
		8.03		Application of Funds			91
		8.04		Lender Rate Contract Remedies			92
ARTICLE IX.				ADMINISTRATIVE AGENT			92
		9.01		Appointment and Authority			92
		9.02		Rights as a Lender			92
		9.03		Exculpatory Provisions			93
		9.04		Reliance by Administrative Agent			94
		9.05		Delegation of Duties			94
		9.06		Resignation of Administrative Agent			94
		9.07		Non-Reliance on Administrative Agent and Other Lenders			95
		9.08		No Other Duties, Etc			95
		9.09		Administrative Agent May File Proofs of Claim			95
		9.10		Guaranty Matters			96
ARTICLE X.				MISCELLANEOUS			96
		10.01		Amendments, Etc			96
		10.02		Notices; Effectiveness; Electronic Communication			98
		10.03		No Waiver; Cumulative Remedies			100
		10.04		Expenses; Indemnity; Damage Waiver			100
		10.05		Payments Set Aside			102
		10.06		Successors and Assigns			102
		10.07		Treatment of Certain Information; Confidentiality			107

TABLE OF CONTENTS (continued)

		Section				Page
		10.08		Right of Setoff			108
		10.09		Interest Rate Limitation			109
		10.10		Counterparts; Integration; Effectiveness			109
		10.11		Survival of Representations and Warranties			109
		10.12		Severability			109
		10.13		Replacement of Lenders			110
		10.14		Governing Law; Jurisdiction; Etc			110
		10.15		Waiver of Jury Trial			111
		10.16		California Judicial Reference			112
		10.17		No Advisory or Fiduciary Responsibility			112
		10.18		Judgment Currency			113
		10.19		Bermuda Branch; Full Recourse Obligations			113
		10.20		Post Closing Matters			113
		SIGNATURES					S-1

SCHEDULES

1.01(e)		Existing Letters of Credit
1.01(m)		Mandatory Cost Formulae
2.01		Commitments and Applicable Percentages
2.14		Designated Borrowers
5.15		Subsidiaries
5.22		Identification Numbers for the Company and Designated Borrowers that are Foreign Subsidiaries
7.01		Existing Secured Indebtedness
7.05		Investment Policy; Investments
10.02		Administrative Agents Office; Certain Addresses for Notices

EXHIBITS

Form of
A		Committed Loan Notice
B		Swing Line Loan Notice
C		Note
D		Compliance Certificate
E		Assignment and Assumption
F		Company Guaranty
G		Subsidiary Guaranty
H		Designated Borrower Request and Assumption Agreement
I		Designated Borrower Notice
J		Guarantor Release Certificate

CREDIT AGREEMENT

          This CREDIT AGREEMENT (Agreement) is entered into as of May 10, 2007, among FLEXTRONICS INTERNATIONAL LTD., a Singapore corporation (the Company or FIL) acting, subject to Section 10.19 hereof, through its Bermuda branch, certain Subsidiaries of the Company party hereto pursuant to Section 2.14 (each a Designated Borrower and, together with the Company, the Borrowers and, each a Borrower), each lender from time to time party hereto (collectively, the Lenders and individually, a Lender), BANK OF AMERICA, N.A., as Administrative Agent and Swing Line Lender, and BANK OF AMERICA, N.A. and THE BANK OF NOVA SCOTIA, as L/C Issuers.

          The Company has requested that the Lenders provide a revolving credit facility, which is intended to replace and refinance the Existing FIL Credit Agreement and the Existing FIUI Credit Agreement, and the Lenders are willing to do so on the terms and conditions set forth herein.

          In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

ARTICLE I.
DEFINITIONS AND ACCOUNTING TERMS

          1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

          ABN AMRO means ABN AMRO Bank N.V.

          Act has the meaning specified in Section 6.10.

          Adjusted Revenues means, in respect of any Subsidiary of FIL for any period, total revenues for such Subsidiary for such period, less Intercompany Revenues for such period.

          Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

          Administrative Agents Office means, with respect to any currency, the Administrative Agents address and, as appropriate, account as set forth on Schedule 10.02 with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time to time notify to the Company and the Lenders.

          Administrative Questionnaire means an Administrative Questionnaire in a form supplied by the Administrative Agent.

          Affiliate means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.

          Agent Parties has the meaning specified in Section 10.02(c).

          Aggregate Commitments means the Commitments of all the Lenders.

          Agreement has the meaning specified in the introductory paragraph hereto.

          Agreement Currency has the meaning specified in Section 10.18.

          Alternative Currency means each of Euro, Sterling, Yen, and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

          Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or, in the case of a Letter of Credit issued in an Alternative Currency, the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

          Alternative Currency Sublimit means an amount equal to 100% of the Aggregate Commitments. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

          Applicable Foreign Obligor Documents has the meaning specified in Section 5.21(a).