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  <TITLE> SMART Modular Technologies (WWH), Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	April 30, 2007
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  	SMART Modular Technologies (WWH), Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Cayman Islands
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  	000-51771
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  	20-2509518
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	4211 Starboard Drive, Fremont, California
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  	&nbsp;
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  	94538
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	510-623-1231
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  On April 30, 2007, SMART Modular Technologies (WWH), Inc. (the "Company") amended and restated its Loan and Security Agreement (as amended, the "Agreement"), by and among the Company, as an obligor, SMART Modular Technologies, Inc., SMART Modular Technologies (Europe) Limited, and SMART Modular Technologies (Puerto Rico) Inc., as borrowers, and the other obligor parties named therein (collectively the "SMART Entities"), and Wells Fargo Bank, National Association (successor to Wells Fargo Foothill, Inc.), as lender, arranger, administrative agent and security trustee.  <br><br>The amendment (i) increases the amount available for borrowing by $15 million, from $35 million to $50 million ($30 million of which may be in the form of letters of credit), (ii) reduces the number and make less restrictive certain financial covenants (as described below) and (iii) extends the maturity date to April 30, 2010, from March 28, 2009.<br><br>Borrowings under the Agreement bear interest based on a London Interbank Offered Rate (LIBOR) plus an applicable margin, ranging from 1.25% (if the funded debt to adjusted EDITDA ratio is less than or equal to 1.00) to 2.00% (if such ratio is greater than 2.00).  As of May 1, 2007, the amount outstanding under the Agreement was approximately $9 million.<br><br>The Agreement contains financial covenants that require the borrowers to maintain, as of the end of each fiscal quarter, an adjusted quick ratio (as defined in the Agreement) equal to or greater than 1.00, an adjusted EBITDA equal to or greater than $50 million (based on the preceding four fiscal quarters then ended), and a funded debt to adjusted EDITDA ratio equal to or less than 2.25.  The Company no longer is required to comply with any fixed charge coverage ratio as a result of the amendment.  The Agreement contains other customary covenants and events of default usual for commercial lending credit facilities, which did not change materially as a result of the amendment.<br><br>This report contains only a summary of certain provisions of the Agreement.  Accordingly, the foregoing summary does not purport to be complete and is qualified in its entirety by reference to the text of the Agreement, which is attached hereto as Exhibit 10.1 to this report and is incorporated herein by reference.<br>
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  	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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  On April 30, 2007, the Company became obligated under the Agreement.<br><br>The disclosure contained in "Item 1.01 Entry into a Material Definitive Agreement" of this report is incorporated in this Item 2.03 by reference.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	&nbsp;
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  	SMART Modular Technologies (WWH), Inc.
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  	&nbsp;&nbsp;
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  	&nbsp;
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  <I>
  	May 2, 2007
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  	&nbsp;
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  <I>
  	By:
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  <I>
  	/s/ Jack A. Pacheco
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  	&nbsp;
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  <I>
  	Name: Jack A. Pacheco
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  	&nbsp;
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  <I>
  	Title: Senior Vice President and Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  	&nbsp;
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  2nd Amended and Restated Loan and Security Agreement dated April 30, 2007
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  	10.2
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  	&nbsp;
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  2nd Amended and Restated Intercompany Subordination Agreement dated April 30, 2007
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  	10.3
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  	&nbsp;
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  Form of Assignment and Acceptance
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  	10.4
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  	&nbsp;
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  Form of Amended and Restated Guaranty
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  	10.5
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  	&nbsp;
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  Form of Amended and Restated Stock Pledge
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  	10.6
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  	&nbsp;
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  Form of Collateral Assignment of Patents (Security Agreement)
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_19972.htm", "description": "LIVE FILING", "secsgml_size_bytes": 13882}]
metadata_filer: {"company-data": {"conformed-name": "SMART Modular Technologies (WWH), Inc.", "cik": "0001326973", "assigned-sic": "3674", "irs-number": "202509518"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51771", "film-number": "07809904"}, "business-address": {"street1": "4211 STARBOARD DRIVE", "city": "FREMONT", "state": "CA", "zip": "94538", "phone": "510-623-1231"}, "mail-address": {"street1": "4211 STARBOARD DRIVE", "city": "FREMONT", "state": "CA", "zip": "94538"}}
text: SMART Modular Technologies (WWH), Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  April 30, 2007
  SMART Modular Technologies (WWH), Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Cayman Islands
  000-51771
  20-2509518
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4211 Starboard Drive, Fremont, California
  94538
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  510-623-1231
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On April 30, 2007, SMART Modular Technologies (WWH), Inc. (the "Company") amended and restated its Loan and Security Agreement (as amended, the "Agreement"), by and among the Company, as an obligor, SMART Modular Technologies, Inc., SMART Modular Technologies (Europe) Limited, and SMART Modular Technologies (Puerto Rico) Inc., as borrowers, and the other obligor parties named therein (collectively the "SMART Entities"), and Wells Fargo Bank, National Association (successor to Wells Fargo Foothill, Inc.), as lender, arranger, administrative agent and security trustee.
  The amendment (i) increases the amount available for borrowing by $15 million, from $35 million to $50 million ($30 million of which may be in the form of letters of credit), (ii) reduces the number and make less restrictive certain financial covenants (as described below) and (iii) extends the maturity date to April 30, 2010, from March 28, 2009.
  Borrowings under the Agreement bear interest based on a London Interbank Offered Rate (LIBOR) plus an applicable margin, ranging from 1.25% (if the funded debt to adjusted EDITDA ratio is less than or equal to 1.00) to 2.00% (if such ratio is greater than 2.00).  As of May 1, 2007, the amount outstanding under the Agreement was approximately $9 million.
  The Agreement contains financial covenants that require the borrowers to maintain, as of the end of each fiscal quarter, an adjusted quick ratio (as defined in the Agreement) equal to or greater than 1.00, an adjusted EBITDA equal to or greater than $50 million (based on the preceding four fiscal quarters then ended), and a funded debt to adjusted EDITDA ratio equal to or less than 2.25.  The Company no longer is required to comply with any fixed charge coverage ratio as a result of the amendment.  The Agreement contains other customary covenants and events of default usual for commercial lending credit facilities, which did not change materially as a result of the amendment.
  This report contains only a summary of certain provisions of the Agreement.  Accordingly, the foregoing summary does not purport to be complete and is qualified in its entirety by reference to the text of the Agreement, which is attached hereto as Exhibit 10.1 to this report and is incorporated herein by reference.
  Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  On April 30, 2007, the Company became obligated under the Agreement.
  The disclosure contained in "Item 1.01 Entry into a Material Definitive Agreement" of this report is incorporated in this Item 2.03 by reference.
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  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  SMART Modular Technologies (WWH), Inc.
  May 2, 2007
  By:
  /s/ Jack A. Pacheco
  Name: Jack A. Pacheco
  Title: Senior Vice President and Chief Financial Officer
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  Exhibit Index
  Exhibit No.
  Description
  10.1
  2nd Amended and Restated Loan and Security Agreement dated April 30, 2007
  10.2
  2nd Amended and Restated Intercompany Subordination Agreement dated April 30, 2007
  10.3
  Form of Assignment and Acceptance
  10.4
  Form of Amended and Restated Guaranty
  10.5
  Form of Amended and Restated Stock Pledge
  10.6
  Form of Collateral Assignment of Patents (Security Agreement)