FIRST AMENDMENT TO
                                 NOTE AGREEMENT

         THIS FIRST AMENDMENT TO NOTE AGREEMENT ("Amendment"), dated to be
effective as of December 30, 1999, is made by and among EFTC CORPORATION, a
Colorado corporation (the "Borrower"), and MONFORT FAMILY LIMITED PARTNERSHIP I
("Monfort").

                                    RECITALS

         A.     The Borrower entered into that certain Note Agreement dated as
of  November  11,  1999,  by and among  the  Borrower  and  Monfort  (the  "Note
Agreement").

         B.     The Borrower and Monfort desire to amend the Note Agreement as
more particularly described in this Amendment.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower and Monfort hereby
agree as follows:

                                    AGREEMENT

         1.     The Note Agreement is hereby amended as follows:

                (a) The phrase "Subordinated Notes due March 31, 2000" on the
cover page of the Note Agreement is hereby deleted and replaced with the
phrase"Subordinated Notes due April 30, 2000."

                (b) Exhibit A to the Note Agreement is hereby amended by
deleting the phrase "March 31, 2000" from the fourth line of the first paragraph
thereof and from the first line of the second paragraph thereof and by
substituting in both places the phrase "April 30, 2000."

         2.     Except as amended hereby, the Note Agreement shall remain as
originally stated and in full force and effect. The Borrower and Monfort hereby
confirm and ratify each of the provisions of the Note Agreement as amended
hereby. Upon surrender to the Borrower of the Note issued by Borrower in favor
of Monfort on November 11, 1999 in connection with the Note Agreement, Borrower
will issue in favor of Monfort a replacement Note in the form of Exhibit A to
the Note Agreement (as amended hereby).

         3.     This Amendment shall be governed by, and construed in accordance
with, the laws of the State of Colorado.




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         4.     This Amendment shall inure to the benefit of and shall be
binding upon the successors and assigns of the parties hereto.

         5.     This Amendment may be executed in one or more counterparts, each
of which shall be deemed an original, and all of which together shall constitute
one and the same instrument.

         Executed and delivered as of the date first set forth above.

                                    BORROWER:

                                     EFTC CORPORATION,
                                     a Colorado corporation

                                     By:   /s/ Jack Calderon
                                     Name: Jack Calderon
                                     Title:Chief Executive Officer


                                    MONFORT:

                                      MONFORT FAMILY LIMITED PARTNERSHIP I,

                                      By:   /s/ Richard L. Monfort
                                      Name: __________________________________
                                      Title:__________________________________






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