Exhibit 10.2

 

FIRST AMENDMENT TO

LETTER AGREEMENT

 

This FIRST AMENDMENT TO LETTER AGREEMENT, (this “First Amendment”), dated as of
June 9, 2005, is entered into by and between Accellent Inc., a Maryland
corporation formerly known as UTI Corporation (“Accellent” or the “Company”),
and DLJ Merchant Banking III, Inc. (“DLMBJ”).

 

RECITALS

 

A.            Accellent and DLJMB are parties to that certain letter agreement
dated June 30, 2004 (the “Letter Agreement”) by which DLJMB was engaged to act
as the Company’s financial advisor with respect to certain services identified
in the Letter Agreement.

 

B.            Accellent and DLJMB wish to amend the Letter Agreement to increase
the cap amount of certain fees which may be paid to DLJMB from $750,000 to
$1,750,000.

 

C.            Unless otherwise amended herein, capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the Letter Agreement.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing premises and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto amend the Letter Agreement as follows:

 

1.  Section 3(d) of the Letter Agreement is hereby amended by deleting the
reference in Section 3(d) to “$750,000” and replacing it with “$1,750,000.”

 

2.  Other than the amendments and modifications specifically contained herein,
the Letter Agreement remains unmodified and in full force and effect.

 

[SIGNATURE PAGE FOLLOWS]

 

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SIGNATURES

 

IN WITNESS WHEREOF, Accellent and DLJMB have caused this First Amendment to be
signed by their respective officers thereunto duly authorized as of the date
first written above.

 

 

ACCELLENT INC.

 

 

 

 

 

By:

/s/ Stewart A. Fisher

 

 

Name:

  Stewart A. Fisher

 

 

Title:

     Executive Vice President and

 

 

 

     Chief Financial Officer

 

 

 

 

 

 

 

DLJ MERCHANT BANKING III, INC.

 

 

 

 

 

 

 

By:

/s/ Avinash Kenkare

 

 

Name:

  Avinash Kenkare

 

 

Title:

    

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO LETTER AGREEMENT]

 

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