##### 






EXHIBIT 10.bp

EMPLOYMENT AGREEMENT

SBS Technologies, Inc. (Company) and David H. Greig (Employee) agree,
effective April 26, 2002:



| | 1. |  | Employment. Company employs Employee for the period
beginning on the date of this Employment Agreement as set forth
below, and ending three years from its date or upon discharge or
resignation of Employee in accordance with the terms of this
Agreement (the Employment Period). During the Employment Period,
Employee will serve in the position of President and Chief Operating
Officer of Company, or other management position as determined by
the Company. Employee will devote sufficient time and energies to
the business of Company to accomplish the duties assigned, will
perform to the best of Employees ability all duties assigned to
Employee by Company and will devote Employees best efforts to
advance the interests of Company. Employee will have the power and
authority determined by Company.                                                                                                                                                                                                                                                                                                      
| | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 2. |  | Compensation. For all services performed by Employee for
Company during the Employment Period, Company will pay Employee the
salary and benefits set forth on Appendix A. Employee will be
entitled to participate in employee benefit programs established by
Company and applicable to all full-time employees. Employee will be
entitled to vacation, national holidays and paid sick leave in
accordance with Company policy and Appendix A. During vacation,
national holidays, and paid sick leave, Employee will receive
Employees usual compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|
| | 3. |  | Reimbursement of Expenses. Company recognizes that Employee,
in performing Employees duties hereunder, may be required to spend
sums of money in connection with those duties for the benefit of
Company. Employee may present to Company an itemized voucher
listing expenses paid by Employee in the performance of Employees
duties on behalf of Company, and on presentation of the itemized
voucher, Company will reimburse Employee for all reasonable expenses
itemized, including but not limited to, travel, meals, lodging,
entertainment, and promotion with respect to all activities approved
in advance by Company. Employee may receive advances from Company
for anticipated expenses. Employee agrees that the amount by which
an advance exceeds actual expenses (Amount) will be promptly
refunded to Company upon determination by Company that it is due,
that the Amount may be deducted from any payments of any nature
(including without limitation salary) owed by Company to employee,
and that the Amount will constitute a debt from Employee to Company,
enforceable by Company in all respects as if



Employment Agreement
Page 1





---



##### 





| |    |  | Employee had executed a promissory note or other instrument
acknowledging the debt, bearing interest at a rate of 10% per year
from the date repayment is due, and payable in full on demand
without set-off or deduction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | -- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 4. |  | Sick Leave and Disability. Employee will be entitled to
sick leave for the number of days determined by Company (Sick
Leave). Employee will be considered to be disabled during any
period in excess of Sick Leave during which Employee is unable to
work because of illness or incapacity (Disability Period).Employee
will be entitled to receive Employees full salary during Sick Leave
and will be deemed to be on leave, without pay, during the
Disability Period. If Employee is unable to work for a period in
excess of 90 days, Employee, at the discretion of the Board of
Directors of company, will be considered to have resigned. In no
event will Employee be entitled to payment or other compensation for
unused Sick Leave or Disability Period, unless required by law or
otherwise provided in a policy or employment manual adopted by
Company.                                                                                                                                                                                                    
|
| | 5. |  | Resignation and Discharge. Employee may resign or be
discharged pursuant to the terms of this paragraph. If Employee (i)
resigns, Employee must give 30 days notice to Company; (ii) is
discharged for cause (as later defined), Company may discharge
Employee immediately, without notice; or (iii) is discharged not for
cause from his responsibilities, Company must give 30 days notice
to Employee. If Employee is discharged not for cause, Employee will
be paid severance pay equal to six months base pay in effect at the
time of termination payable in monthly installments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|
| |    |  | For purposes of this paragraph, for cause means that during the
Employment Period, Employee, unless otherwise provided by Company
policy or Company employment manual, (a) is reasonably believed by
Company (i) to have failed to comply with any law, regulation or
policy, including without limitation securities or employment or
non-discrimination or similar laws, regulations or policies, and
that failure causes a significant financial, regulatory,
operational or public perception detriment to Company, (ii) to
abuse, as determined by the Company, alcohol or to use drugs,
(other than as prescribed by Employees physician), or (b) refuses
to submit to testing for alcohol or drugs, or (c) is reasonably
believed by Company to have committed or is charged with any
felony or misdemeanor involving moral turpitude, or (d) through
willful neglect, gross negligence, or malfeasance causes a
significant financial, regulatory, operational or public
perception detriment to Company. A determination by the Board of
Directors that Employee has



Employment Agreement
Page 2





---



##### 





| |    |  | failed to perform Employees responsibilities to the satisfaction
of the Board of Directors, without one or more of the other
elements set out in this paragraph, is not for cause.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 6. |  | Competition and Confidential Information Restrictions.                                                                                                                               



| | A. |  | Competition Restrictions. Employee may not
during the Employment Period, and for a period of two years
following the termination of the Employment Period, anywhere
in the United States, directly or indirectly, own, manage,
operate, invest in, control, be employed by, participate in,
be a financial sponsor of, or be connected in any manner with
the ownership, management, operation or control of any
business that competes with a business conducted by Company
at any time during the Employment Period or which Employee
knows, during the Employment Period, that Company intends to
conduct. Employee acknowledges that this restriction is
necessary for Companys welfare and protection in light of
the responsibilities assigned to Employee and Employees
status in Company, that Employee is fully and adequately
compensated for this restriction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | B. |  | Confidential Information. Employee
acknowledges and recognizes that Employee is, or will be,
employed by Company in a confidential relationship and may
receive and have access to the confidential business
information, customer names, contracts and other customer
data, business methods, techniques and trade secrets of
Company (Confidential Information). Employee may develop
ideas, conceptions, inventions, processes, methods, products
and improvements; and Employee may receive disclosures of
ideas, conceptions, inventions, processes, methods, products
and improvements made by other employees of Company (Company
Inventions). Employee may participate with Company in
improving and developing Confidential Information and Company
Inventions. Confidential Information and Company Inventions
developed on behalf of Company are neither commonly known nor
readily accessible to others and are used by Company in its
business to obtain a competitive advantage over Companys
competitors who do not know or use the Confidential
Information or Company Inventions. Protection of the
Confidential Information and Company Inventions against
unauthorized disclosure and use is of critical importance to
Company in maintaining its competitive position. Employee
agrees that Employee will not, at any time, during or after
the Employment Period, make any independent use of, or
disclose to any other



Employment Agreement
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---



##### 





| |    |  | person or organization, except as authorized by Company in
writing, any Confidential Information or Company
Inventions. Upon termination of the Employment Period for
any reason, Employee shall promptly deliver to Company all
drawings, manuals, letters, notes, notebooks, reports,
customer lists, customer data, mailing lists, and all other
materials and records of any kinds, and all copies thereof,
that may be in the possession of, or under the control of,
Employee pertaining to Companys business including any
that contain any Confidential Information or Company
Invention.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | -- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | C. |  | Business Relationships. Employee acknowledges
Companys efforts to establish valuable business
relationships with its clients, customers and suppliers.
Employee recognizes that Company has invested resources in
the training and the professional development of Employee,
and Employee further recognizes Employees responsibility to
the Company when Company entrusts Employee with Confidential
Information. In view of Companys efforts, Employee agrees
that unless Company authorizes Employee to do so in writing,
Employee will not, for a period of one year after termination
of employment with Company, solicit the purchase of products
or services directly competing with products and services of
Company from any person, corporation, business organization
or enterprise which: (i) has made any purchase of products or
services from Company within the two years immediately
preceding termination of former Employees employment
(Customer); or (ii) has been contacted by Employee during
the last 12 months of Employees employment for the purpose
of securing the purchase of products or services from Company
(Prospective Customer).
|
| | D. |  | Non-Solicitation of Employees.Employee is
aware that Company has a significant investment in its
employees. For a period of twelve months after termination
for any reason of Employees employment, neither Employee nor
any person or entity by whom Employee may be employed or of
which Employee may be an officer, director, partner, trustee
or control person, will directly or indirectly employ or
solicit to employ, or otherwise retain or solicit to retain,
any person employed by Company as of the date of Employees
termination of employment or during the twelve month period
thereafter, unless that person has been terminated by Company
without cause (as determined in good faith by Company) before
the time of the solicitation, employment or retention.                                                                                                                                                                                                                                                                                                                                                                                           



Employment Agreement
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---



##### 





| | E. |  | Remedies. Employee and Company recognize that
irreparable injury may result to Company in the event of
breach or threatened breach of this paragraph of this
Agreement by Employee. If Employee commits a breach or
threatens to commit a breach of any of the provisions of this
paragraph, Company shall have the right and remedy, in
addition to any others that may be available, at law or in
equity, to have the provisions of this paragraph specifically
enforced by any court having equity jurisdiction, together
with an accounting therefor, Employee having specifically
acknowledged that any such breach or threatened breach will
cause irreparable injury to Company and that money damages
will not provide an adequate remedy to Company.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7.  |  | Invalidity. If any provision of this Employment Agreement is
later construed to be unenforceable or invalid, the remaining
provisions shall not be affected but shall continue in full effect.
If any term of this Employment Agreement is found to be
unenforceable or invalid by any court having jurisdiction, that
court shall have the power to reduce or revise the term and the
paragraph(s) shall then be fully enforceable.                                                                                                                                                   
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 8.  |  | Assignment. Employee acknowledges that Employees services
are unique and personal. Accordingly, Employee may not assign
Employees rights or delegate Employees duties or obligations under
this Agreement. The Employers rights and obligations shall inure
to the benefit of and shall be binding upon Employers successor and
assigns.                                                                                                                                                                                                                                          
|
| | 9.  |  | Personnel Policies. Companys written personnel policies
apply to all of Companys employees, including Employee, and
describe additional terms and conditions of employment of Employee.
Those terms and conditions, as Company may revise from time to time,
are incorporated by reference into this Employment Agreement.
Company reserves the right to revise the personnel policies from
time to time, as Company deems necessary. If any personnel policy
provision conflicts with a provision of this Employment Agreement,
the terms of this Employment Agreement shall govern.
|
| | 10. |  | Alcohol and Drug Testing. Employee agrees to comply with and
submit to any Company program or policy for testing for alcohol
abuse or use of drugs and, in the absence of such a program or
policy, to submit to such testing as may be required by Company and
administered in accordance with applicable law and regulations.                                                                                                                                                                                                                                                        
|
| | 11. |  | Binding Effect. This Employment Agreement constitutes the
entire understanding of the parties, may be modified only in
writing, is governed                                                                                                                                                                                                                                                                                                                                                                                                                                            



Employment Agreement
Page 5





---



##### 





| |  |  | by laws of the state of New Mexico, and will bind and inure to the
benefit of Employee and Employees personal representative and
Company and Companys successors and assigns.
| |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Employment Agreement
Page 6





---



##### 



|                   |  |      |                           
|------------------ |  | ---- | --------------------------
|DATED:May 9, 2002. |  |      |                           
|                  
|                   |  |      | COMPANY:                  
|                  
|                   |  |      | SBS Technologies, Inc.    
|                  
|                   |  | By:  | /s/ Christopher J. Amenson
|                   |  | Its: | CEO                       
|                  
|                   |  |      | EMPLOYEE:                 
|                  
|                   |  |      | /s/ David H. Greig        
|                   |  |      | David H. Greig            



Employment Agreement
Page 7





---



##### 



Appendix A
to
Employment Agreement

David H. Greig
Employee

Position: President and Chief Operating Officer of Company, reporting directly
to the Chief Executive.

Compensation: $275,000 base annual salary.

|                   |  |                                         
|------------------ |  | ----------------------------------------
|Benefits:          |  |                                         
|Standard Employee  |  |                                         
|Benefits:          |  | Medical insurance                       
|                   |  | Dental insurance                        
|                   |  | Life Insurance                          
|                   |  | Long and short-term disability insurance
|                   |  | Ten holidays per year                   
|                   |  | Sick leave                              
|                  
|Optional Benefits: |  | 401(k) Plan                             
|                   |  | Flexible Spending Account Program       
|                   |  | Supplemental Life Insurance             

All Standard and Optional Benefits will be as provided by Company to employees
generally, and are subject to modification from time to time by Company.

|                     |  |                                                                                           
|-------------------- |  | ------------------------------------------------------------------------------------------
|Additional Benefits: |  | Four weeks paid vacation per year                                                         
|                     |  | Immediate, full vesting under any employee plans
in effect at signing that require vesting

Stock Option Grant: Nonqualified stock options for 100,000 shares of common
stock, with exercise, termination and other terms as provided in an Option
Agreement (Option Agreement) and the 1993 Director and Stock Option Plan
under which it is issued, including the following:

The Options will vest in four installments, vesting as follows:

|       |  |                |  | 
|------ |  | -------------- |  | 
|25,000 |  | April 25, 2003
|25,000 |  | April 25, 2004
|25,000 |  | April 25, 2005
|25,000 |  | April 25, 2006



Employment Agreement
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---



##### 



All options granted as of this date which have not yet vested will vest
immediately prior to a change of control of the company. The Options will
terminate ten years from the date of grant, and the exercise price for the
options will be the Nasdaq closing price on April 25, 2002.

Moving Expenses: The Company will pay moving expenses in accordance with its
current moving policy for Employees to move from Employees current residence
in Minnesota to Albuquerque, New Mexico, and Employee agrees to complete this
move as expeditiously as possible



Employment Agreement
Page 9





---



##### 



EMPLOYMENT AGREEMENT

SBS Technologies, Inc. (Company) and Clarence W. Peckham (Employee)
agree, effective April 26, 2002:



| | 1. |  | Employment. Company employs Employee for the period
beginning on the date of this Employment Agreement as set forth
below, and ending three years from its date or upon discharge or
resignation of Employee in accordance with the terms of this
Agreement (the Employment Period). During the Employment Period,
Employee will serve in the position of Executive Vice President and
Member of Executive Committee of the Company, or other management
position as determined by the Company. Employee will devote
sufficient time and energies to the business of Company to
accomplish the duties assigned, will perform to the best of
Employees ability all duties assigned to Employee by Company and
will devote Employees best efforts to advance the interests of
Company. Employee will have the power and authority determined by
Company.                                                                                                                                                                                                                                                                             
| | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 2. |  | Compensation. For all services performed by Employee for
Company during the Employment Period, Company will pay Employee the
salary and benefits set forth on Appendix A. Employee will be
entitled to participate in employee benefit programs established by
Company and applicable to all full-time employees. Employee will be
entitled to vacation, national holidays and paid sick leave in
accordance with Company policy and Appendix A. During vacation,
national holidays, and paid sick leave, Employee will receive
Employees usual compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|
| | 3. |  | Reimbursement of Expenses. Company recognizes that Employee,
in performing Employees duties hereunder, may be required to spend
sums of money in connection with those duties for the benefit of
Company. Employee may present to Company an itemized voucher
listing expenses paid by Employee in the performance of Employees
duties on behalf of Company, and on presentation of the itemized
voucher, Company will reimburse Employee for all reasonable expenses
itemized, including but not limited to, travel, meals, lodging,
entertainment, and promotion with respect to all activities approved
in advance by Company. Employee may receive advances from Company
for anticipated expenses. Employee agrees that the amount by which
an advance exceeds actual expenses (Amount) will be promptly
refunded to Company upon determination by Company that it is due,
that the Amount may be deducted from any payments of any nature
(including without limitation salary) owed by Company to employee,
and that the Amount will constitute a debt from Employee to Company,
enforceable by Company in all respects as if



Employment Agreement
Page 1





---



##### 





| |    |  | Employee had executed a promissory note or other instrument
acknowledging the debt, bearing interest at a rate of 10% per year
from the date repayment is due, and payable in full on demand
without set-off or deduction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | -- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 4. |  | Sick Leave and Disability. Employee will be entitled to
sick leave for the number of days determined by Company (Sick
Leave). Employee will be considered to be disabled during any
period in excess of Sick Leave during which Employee is unable to
work because of illness or incapacity (Disability Period).Employee
will be entitled to receive Employees full salary during Sick Leave
and will be deemed to be on leave, without pay, during the
Disability Period. If Employee is unable to work for a period in
excess of 90 days, Employee, at the discretion of the Board of
Directors of company, will be considered to have resigned. In no
event will Employee be entitled to payment or other compensation for
unused Sick Leave or Disability Period, unless required by law or
otherwise provided in a policy or employment manual adopted by
Company.                                                                                                                                                                                                    
|
| | 5. |  | Resignation and Discharge. Employee may resign or be
discharged pursuant to the terms of this paragraph. If Employee (i)
resigns, Employee must give 30 days notice to Company; (ii) is
discharged for cause (as later defined), Company may discharge
Employee immediately, without notice; or (iii) is discharged not for
cause from his responsibilities, Company must give 30 days notice
to Employee. If Employee is discharged not for cause, Employee will
be paid severance pay equal to six months base pay in effect at the
time of termination payable in monthly installments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|
| |    |  | For purposes of this paragraph, for cause means that during the
Employment Period, Employee, unless otherwise provided by Company
policy or Company employment manual, (a) is reasonably believed by
Company (i) to have failed to comply with any law, regulation or
policy, including without limitation securities or employment or
non-discrimination or similar laws, regulations or policies, and
that failure causes a significant financial, regulatory,
operational or public perception detriment to Company, (ii) to
abuse, as determined by the Company, alcohol or to use drugs,
(other than as prescribed by Employees physician), or (b) refuses
to submit to testing for alcohol or drugs, or (c) is reasonably
believed by Company to have committed or is charged with any
felony or misdemeanor involving moral turpitude, or (d) through
willful neglect, gross negligence, or malfeasance causes a
significant financial, regulatory, operational or public
perception detriment to Company. A determination by the Board of
Directors that Employee has



Employment Agreement
Page 2





---



##### 





| |    |  | failed to perform Employees responsibilities to the satisfaction
of the Board of Directors, without one or more of the other
elements set out in this paragraph, is not for cause.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 6. |  | Competition and Confidential Information Restrictions.                                                                                                                               



| | A. |  | Competition Restrictions. Employee may not
during the Employment Period, and for a period of two years
following the termination of the Employment Period, anywhere
in the United States, directly or indirectly, own, manage,
operate, invest in, control, be employed by, participate in,
be a financial sponsor of, or be connected in any manner with
the ownership, management, operation or control of any
business that competes with a business conducted by Company
at any time during the Employment Period or which Employee
knows, during the Employment Period, that Company intends to
conduct. Employee acknowledges that this restriction is
necessary for Companys welfare and protection in light of
the responsibilities assigned to Employee and Employees
status in Company, that Employee is fully and adequately
compensated for this restriction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | B. |  | Confidential Information. Employee
acknowledges and recognizes that Employee is, or will be,
employed by Company in a confidential relationship and may
receive and have access to the confidential business
information, customer names, contracts and other customer
data, business methods, techniques and trade secrets of
Company (Confidential Information). Employee may develop
ideas, conceptions, inventions, processes, methods, products
and improvements; and Employee may receive disclosures of
ideas, conceptions, inventions, processes, methods, products
and improvements made by other employees of Company (Company
Inventions). Employee may participate with Company in
improving and developing Confidential Information and Company
Inventions. Confidential Information and Company Inventions
developed on behalf of Company are neither commonly known nor
readily accessible to others and are used by Company in its
business to obtain a competitive advantage over Companys
competitors who do not know or use the Confidential
Information or Company Inventions. Protection of the
Confidential Information and Company Inventions against
unauthorized disclosure and use is of critical importance to
Company in maintaining its competitive position. Employee
agrees that Employee will not, at any time, during or after
the Employment Period, make any independent use of, or
disclose to any other



Employment Agreement
Page 3





---



##### 





| |    |  | person or organization, except as authorized by Company in
writing, any Confidential Information or Company
Inventions. Upon termination of the Employment Period for
any reason, Employee shall promptly deliver to Company all
drawings, manuals, letters, notes, notebooks, reports,
customer lists, customer data, mailing lists, and all other
materials and records of any kinds, and all copies thereof,
that may be in the possession of, or under the control of,
Employee pertaining to Companys business including any
that contain any Confidential Information or Company
Invention.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | -- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | C. |  | Business Relationships. Employee acknowledges
Companys efforts to establish valuable business
relationships with its clients, customers and suppliers.
Employee recognizes that Company has invested resources in
the training and the professional development of Employee,
and Employee further recognizes Employees responsibility to
the Company when Company entrusts Employee with Confidential
Information. In view of Companys efforts, Employee agrees
that unless Company authorizes Employee to do so in writing,
Employee will not, for a period of one year after termination
of employment with Company, solicit the purchase of products
or services directly competing with products and services of
Company from any person, corporation, business organization
or enterprise which: (i) has made any purchase of products or
services from Company within the two years immediately
preceding termination of former Employees employment
(Customer); or (ii) has been contacted by Employee during
the last 12 months of Employees employment for the purpose
of securing the purchase of products or services from Company
(Prospective Customer).
|
| | D. |  | Non-Solicitation of Employees.Employee is
aware that Company has a significant investment in its
employees. For a period of twelve months after termination
for any reason of Employees employment, neither Employee nor
any person or entity by whom Employee may be employed or of
which Employee may be an officer, director, partner, trustee
or control person, will directly or indirectly employ or
solicit to employ, or otherwise retain or solicit to retain,
any person employed by Company as of the date of Employees
termination of employment or during the twelve month period
thereafter, unless that person has been terminated by Company
without cause (as determined in good faith by Company) before
the time of the solicitation, employment or retention.                                                                                                                                                                                                                                                                                                                                                                                           



Employment Agreement
Page 4





---



##### 





| | E. |  | Remedies. Employee and Company recognize that
irreparable injury may result to Company in the event of
breach or threatened breach of this paragraph of this
Agreement by Employee. If Employee commits a breach or
threatens to commit a breach of any of the provisions of this
paragraph, Company shall have the right and remedy, in
addition to any others that may be available, at law or in
equity, to have the provisions of this paragraph specifically
enforced by any court having equity jurisdiction, together
with an accounting therefor, Employee having specifically
acknowledged that any such breach or threatened breach will
cause irreparable injury to Company and that money damages
will not provide an adequate remedy to Company.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7.  |  | Invalidity. If any provision of this Employment Agreement is
later construed to be unenforceable or invalid, the remaining
provisions shall not be affected but shall continue in full effect.
If any term of this Employment Agreement is found to be
unenforceable or invalid by any court having jurisdiction, that
court shall have the power to reduce or revise the term and the
paragraph(s) shall then be fully enforceable.                                                                                                                                                   
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 8.  |  | Assignment. Employee acknowledges that Employees services
are unique and personal. Accordingly, Employee may not assign
Employees rights or delegate Employees duties or obligations under
this Agreement. The Employers rights and obligations shall inure
to the benefit of and shall be binding upon Employers successor and
assigns.                                                                                                                                                                                                                                          
|
| | 9.  |  | Personnel Policies. Companys written personnel policies
apply to all of Companys employees, including Employee, and
describe additional terms and conditions of employment of Employee.
Those terms and conditions, as Company may revise from time to time,
are incorporated by reference into this Employment Agreement.
Company reserves the right to revise the personnel policies from
time to time, as Company deems necessary. If any personnel policy
provision conflicts with a provision of this Employment Agreement,
the terms of this Employment Agreement shall govern.
|
| | 10. |  | Alcohol and Drug Testing. Employee agrees to comply with and
submit to any Company program or policy for testing for alcohol
abuse or use of drugs and, in the absence of such a program or
policy, to submit to such testing as may be required by Company and
administered in accordance with applicable law and regulations.                                                                                                                                                                                                                                                        
|
| | 11. |  | Binding Effect. This Employment Agreement constitutes the
entire understanding of the parties, may be modified only in
writing, is governed                                                                                                                                                                                                                                                                                                                                                                                                                                            



Employment Agreement
Page 5





---



##### 





| |  |  | by laws of the state of New Mexico, and will bind and inure to the
benefit of Employee and Employees personal representative and
Company and Companys successors and assigns.
| |  |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Employment Agreement
Page 6





---



##### 



|                   |  |      |                           
|------------------ |  | ---- | --------------------------
|DATED:May 9, 2002. |  |      |                           
|                  
|                   |  |      | COMPANY:                  
|                  
|                   |  |      | SBS Technologies, Inc.    
|                  
|                   |  | By:  | /s/ Christopher J. Amenson
|                   |  | Its: | CEO                       
|                  
|                   |  |      | EMPLOYEE:                 
|                  
|                   |  |      | /s/ Clarence W. Peckham   
|                   |  |      | Clarence W. Peckham       



Employment Agreement
Page 7





---



##### 



Appendix A
to
Employment Agreement

Clarence W. Peckham
Employee

Position: Executive Vice President, President of the Commercial and Government
Group and Member of the Executive Committee of the Company, reporting directly
to the President and Chief Operating Officer.

Compensation: $250,000 base annual salary.

|                   |  |                                         
|------------------ |  | ----------------------------------------
|Benefits:          |  |                                         
|Standard Employee  |  |                                         
|Benefits:          |  | Medical insurance                       
|                   |  | Dental insurance                        
|                   |  | Life Insurance                          
|                   |  | Long and short-term disability insurance
|                   |  | Ten holidays per year                   
|                   |  | Sick leave                              
|                   |  |                                         
|Optional Benefits: |  | 401(k) Plan                             
|                   |  | Flexible Spending Account Program       
|                   |  | Supplemental Life Insurance             

All Standard and Optional Benefits will be as provided by Company to employees
generally, and are subject to modification from time to time by Company.

|                     |  |                                                                                           
|-------------------- |  | ------------------------------------------------------------------------------------------
|Additional Benefits: |  | Four weeks paid vacation per year                                                         
|                     |  | Immediate, full vesting under any employee plans
in effect at signing that require vesting

Stock Option Grant: Nonqualified stock options for 50,000 shares of common
stock, with exercise, termination and other terms as provided in an Option
Agreement (Option Agreement) and the 1993 Director and Stock Option Plan
under which it is issued, including the following:

The Options will vest in four installments, vesting as follows:

|       |  |                |  | 
|------ |  | -------------- |  | 
|12,500 |  | April 25, 2003
|12,500 |  | April 25, 2004
|12,500 |  | April 25, 2005
|12,500 |  | April 25, 2006



Employment Agreement
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##### 



All options granted as of this date which have not yet vested will vest
immediately prior to a change of control of the company. The Options will
terminate ten years from the date of grant, and the exercise price for the
options will be the Nasdaq closing price on April 25, 2002.

Moving Expenses: The Company will pay moving expenses in accordance with its
current moving policy for Employees to move from Employees current residence
in North Carolina to Albuquerque, New Mexico, and Employee agrees to complete
this move as expeditiously as possible



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##### 



EMPLOYMENT AGREEMENT

SBS Technologies, Inc. (Company) and James E. Dixon (Employee) agree,
effective April 26, 2002:



| | 1. |  | Employment. Company employs Employee for the period
beginning on the date of this Employment Agreement as set forth
below, and ending three years from its date or upon discharge or
resignation of Employee in accordance with the terms of this
Agreement (the Employment Period). During the Employment Period,
Employee will serve in the position of Executive Vice President,
Chief Financial Officer, and Member of Executive Committee of the
Company, or other management position as determined by the Company.
Employee will devote sufficient time and energies to the business of
Company to accomplish the duties assigned, will perform to the best
of Employees ability all duties assigned to Employee by Company and
will devote Employees best efforts to advance the interests of
Company. Employee will have the power and authority determined by
Company.                                                                                                                                                                                 
| | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 2. |  | Compensation. For all services performed by Employee for
Company during the Employment Period, Company will pay Employee the
salary and benefits set forth on Appendix A. Employee will be
entitled to participate in employee benefit programs established by
Company and applicable to all full-time employees. Employee will be
entitled to vacation, national holidays and paid sick leave in
accordance with Company policy and Appendix A. During vacation,
national holidays, and paid sick leave, Employee will receive
Employees usual compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|
| | 3. |  | Reimbursement of Expenses. Company recognizes that Employee,
in performing Employees duties hereunder, may be required to spend
sums of money in connection with those duties for the benefit of
Company. Employee may present to Company an itemized voucher
listing expenses paid by Employee in the performance of Employees
duties on behalf of Company, and on presentation of the itemized
voucher, Company will reimburse Employee for all reasonable expenses
itemized, including but not limited to, travel, meals, lodging,
entertainment, and promotion with respect to all activities approved
in advance by Company. Employee may receive advances from Company
for anticipated expenses. Employee agrees that the amount by which
an advance exceeds actual expenses (Amount) will be promptly
refunded to Company upon determination by Company that it is due,
that the Amount may be deducted from any payments of any nature
(including without limitation salary) owed by Company to employee,
and that the Amount will constitute a debt from



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##### 





| |    |  | Employee to Company, enforceable by Company in all respects as if
Employee had executed a promissory note or other instrument
acknowledging the debt, bearing interest at a rate of 10% per year
from the date repayment is due, and payable in full on demand
without set-off or deduction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | -- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 4. |  | Sick Leave and Disability. Employee will be entitled to
sick leave for the number of days determined by Company (Sick
Leave). Employee will be considered to be disabled during any
period in excess of Sick Leave during which Employee is unable to
work because of illness or incapacity (Disability Period).Employee
will be entitled to receive Employees full salary during Sick Leave
and will be deemed to be on leave, without pay, during the
Disability Period. If Employee is unable to work for a period in
excess of 90 days, Employee, at the discretion of the Board of
Directors of company, will be considered to have resigned. In no
event will Employee be entitled to payment or other compensation for
unused Sick Leave or Disability Period, unless required by law or
otherwise provided in a policy or employment manual adopted by
Company.                                                                                                                               
|
| | 5. |  | Resignation and Discharge. Employee may resign or be
discharged pursuant to the terms of this paragraph. If Employee (i)
resigns, Employee must give 30 days notice to Company; (ii) is
discharged for cause (as later defined), Company may discharge
Employee immediately, without notice; or (iii) is discharged not for
cause from his responsibilities, Company must give 30 days notice
to Employee. If Employee is discharged not for cause, Employee will
be paid severance pay equal to six months base pay in effect at the
time of termination payable in monthly installments.                                                                                                                                                                                                                                                                                                                                                                                                              
|
| |    |  | For purposes of this paragraph, for cause means that during the
Employment Period, Employee, unless otherwise provided by Company
policy or Company employment manual, (a) is reasonably believed by
Company (i) to have failed to comply with any law, regulation or
policy, including without limitation securities or employment or
non-discrimination or similar laws, regulations or policies, and
that failure causes a significant financial, regulatory,
operational or public perception detriment to Company, (ii) to
abuse, as determined by the Company, alcohol or to use drugs,
(other than as prescribed by Employees physician), or (b) refuses
to submit to testing for alcohol or drugs, or (c) is reasonably
believed by Company to have committed or is charged with any
felony or misdemeanor involving moral turpitude, or (d) through
willful neglect, gross negligence, or malfeasance causes a
significant financial, regulatory, operational or public
perception detriment to



Employment Agreement
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##### 





| |    |  | Company. A determination by the Board of Directors that Employee
has failed to perform Employees responsibilities to the
satisfaction of the Board of Directors, without one or more of the
other elements set out in this paragraph, is not for cause.
| | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 6. |  | Competition and Confidential Information Restrictions.                                                                                                                                                                                                    



| | A. |  | Competition Restrictions. Employee may not
during the Employment Period, and for a period of two years
following the termination of the Employment Period, anywhere
in the United States, directly or indirectly, own, manage,
operate, invest in, control, be employed by, participate in,
be a financial sponsor of, or be connected in any manner with
the ownership, management, operation or control of any
business that competes with a business conducted by Company
at any time during the Employment Period or which Employee
knows, during the Employment Period, that Company intends to
conduct. Employee acknowledges that this restriction is
necessary for Companys welfare and protection in light of
the responsibilities assigned to Employee and Employees
status in Company, that Employee is fully and adequately
compensated for this restriction.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| | -- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | B. |  | Confidential Information. Employee
acknowledges and recognizes that Employee is, or will be,
employed by Company in a confidential relationship and may
receive and have access to the confidential business
information, customer names, contracts and other customer
data, business methods, techniques and trade secrets of
Company (Confidential Information). Employee may develop
ideas, conceptions, inventions, processes, methods, products
and improvements; and Employee may receive disclosures of
ideas, conceptions, inventions, processes, methods, products
and improvements made by other employees of Company (Company
Inventions). Employee may participate with Company in
improving and developing Confidential Information and Company
Inventions. Confidential Information and Company Inventions
developed on behalf of Company are neither commonly known nor
readily accessible to others and are used by Company in its
business to obtain a competitive advantage over Companys
competitors who do not know or use the Confidential
Information or Company Inventions. Protection of the
Confidential Information and Company Inventions against
unauthorized disclosure and use is of critical importance to
Company in maintaining its competitive position. Employee
agrees that Employee will not, at any time, during or after
the Employment



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##### 





| |    |  | Period, make any independent use of, or disclose to any
other person or organization, except as authorized by
Company in writing, any Confidential Information or Company
Inventions. Upon termination of the Employment Period for
any reason, Employee shall promptly deliver to Company all
drawings, manuals, letters, notes, notebooks, reports,
customer lists, customer data, mailing lists, and all other
materials and records of any kinds, and all copies thereof,
that may be in the possession of, or under the control of,
Employee pertaining to Companys business including any
that contain any Confidential Information or Company
Invention.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | -- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | C. |  | Business Relationships. Employee acknowledges
Companys efforts to establish valuable business
relationships with its clients, customers and suppliers.
Employee recognizes that Company has invested resources in
the training and the professional development of Employee,
and Employee further recognizes Employees responsibility to
the Company when Company entrusts Employee with Confidential
Information. In view of Companys efforts, Employee agrees
that unless Company authorizes Employee to do so in writing,
Employee will not, for a period of one year after termination
of employment with Company, solicit the purchase of products
or services directly competing with products and services of
Company from any person, corporation, business organization
or enterprise which: (i) has made any purchase of products or
services from Company within the two years immediately
preceding termination of former Employees employment
(Customer); or (ii) has been contacted by Employee during
the last 12 months of Employees employment for the purpose
of securing the purchase of products or services from Company
(Prospective Customer).
|
| | D. |  | Non-Solicitation of Employees.Employee is
aware that Company has a significant investment in its
employees. For a period of twelve months after termination
for any reason of Employees employment, neither Employee nor
any person or entity by whom Employee may be employed or of
which Employee may be an officer, director, partner, trustee
or control person, will directly or indirectly employ or
solicit to employ, or otherwise retain or solicit to retain,
any person employed by Company as of the date of Employees
termination of employment or during the twelve month period
thereafter, unless that person has been terminated by Company
without cause (as determined in good faith by Company) before
the time of the solicitation, employment or retention.                                                                                                                                                                                                                                                                                                                                                                                           



Employment Agreement
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##### 





| | E. |  | Remedies. Employee and Company recognize that
irreparable injury may result to Company in the event of
breach or threatened breach of this paragraph of this
Agreement by Employee. If Employee commits a breach or
threatens to commit a breach of any of the provisions of this
paragraph, Company shall have the right and remedy, in
addition to any others that may be available, at law or in
equity, to have the provisions of this paragraph specifically
enforced by any court having equity jurisdiction, together
with an accounting therefor, Employee having specifically
acknowledged that any such breach or threatened breach will
cause irreparable injury to Company and that money damages
will not provide an adequate remedy to Company.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7.  |  | Invalidity. If any provision of this Employment Agreement is
later construed to be unenforceable or invalid, the remaining
provisions shall not be affected but shall continue in full effect.
If any term of this Employment Agreement is found to be
unenforceable or invalid by any court having jurisdiction, that
court shall have the power to reduce or revise the term and the
paragraph(s) shall then be fully enforceable.                                                                                                                                                   
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | 8.  |  | Assignment. Employee acknowledges that Employees services
are unique and personal. Accordingly, Employee may not assign
Employees rights or delegate Employees duties or obligations under
this Agreement. The Employers rights and obligations shall inure
to the benefit of and shall be binding upon Employers successor and
assigns.                                                                                                                                                                                                                                          
|
| | 9.  |  | Personnel Policies. Companys written personnel policies
apply to all of Companys employees, including Employee, and
describe additional terms and conditions of employment of Employee.
Those terms and conditions, as Company may revise from time to time,
are incorporated by reference into this Employment Agreement.
Company reserves the right to revise the personnel policies from
time to time, as Company deems necessary. If any personnel policy
provision conflicts with a provision of this Employment Agreement,
the terms of this Employment Agreement shall govern.
|
| | 10. |  | Alcohol and Drug Testing. Employee agrees to comply with and
submit to any Company program or policy for testing for alcohol
abuse or use of drugs and, in the absence of such a program or
policy, to submit to such testing as may be required by Company and
administered in accordance with applicable law and regulations.                                                                                                                                                                                                                                                        



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##### 





| | 11. |  | Binding Effect. This Employment Agreement constitutes the
entire understanding of the parties, may be modified only in
writing, is governed by laws of the state of New Mexico, and will
bind and inure to the benefit of Employee and Employees personal
representative and Company and Companys successors and assigns.
| | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### 



|                   |  |      |                           
|------------------ |  | ---- | --------------------------
|DATED:May 9, 2002. |  |      |                           
|                  
|                   |  |      | COMPANY:                  
|                  
|                   |  |      | SBS Technologies, Inc.    
|                  
|                   |  | By:  | /s/ Christopher J. Amenson
|                   |  | Its: | CEO                       
|                  
|                   |  |      | EMPLOYEE:                 
|                  
|                   |  |      | /s/ James E. Dixon        
|                   |  |      | James E. Dixon            



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##### 



Appendix A
to
Employment Agreement

James E. Dixon
Employee

Position: Executive Vice President, Chief Financial Officer and Member of the
Executive Committee of the Company, reporting directly to the Chief Executive
Officer.

Compensation: $275,000 base annual salary.

|                   |  |                                         
|------------------ |  | ----------------------------------------
|Benefits:          |  |                                         
|Standard Employee  |  |                                         
|Benefits:          |  | Medical insurance                       
|                   |  | Dental insurance                        
|                   |  | Life Insurance                          
|                   |  | Long and short-term disability insurance
|                   |  | Ten holidays per year                   
|                   |  | Sick leave                              
|                   |  |                                         
|Optional Benefits: |  | 401(k) Plan                             
|                   |  | Flexible Spending Account Program       
|                   |  | Supplemental Life Insurance             

All Standard and Optional Benefits will be as provided by Company to employees
generally, and are subject to modification from time to time by Company.

|                     |  |                                                                                           
|-------------------- |  | ------------------------------------------------------------------------------------------
|Additional Benefits: |  | Four weeks paid vacation per year                                                         
|                     |  | Immediate, full vesting under any employee plans
in effect at signing that require vesting

Stock Option Grant: Nonqualified stock options for 50,000 shares of common
stock, with exercise, termination and other terms as provided in an Option
Agreement (Option Agreement) and the 1993 Director and Stock Option Plan
under which it is issued, including the following:

The Options will vest in four installments, vesting as follows:

|       |  |                |  | 
|------ |  | -------------- |  | 
|12,500 |  | April 25, 2003
|12,500 |  | April 25, 2004
|12,500 |  | April 25, 2005
|12,500 |  | April 25, 2006



Employment Agreement
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##### 



All options granted as of this date which have not yet vested will vest
immediately prior to a change of control of the company. The Options will
terminate ten years from the date of grant, and the exercise price for the
options will be the Nasdaq closing price on April 25, 2002.



Employment Agreement
Page 9