Document:

Commerical Sublease Agreement dated January 19, 2010

 EXHIBIT 10.34 
 SUBLEASE AGREEMENT 
 THIS SUBLEASE
AGREEMENT, (“Sublease”), made and entered into effective the 19th day of January, 2010, by and between J & J PROPERTIES, L.L.C., a Kansas Limited Liability Company (“Lessor”), J & J PRINTING. INC., a Kansas Corporation (“Sublessor”) and ICOP
DIGITAL, INC., a Colorado corporation, (“Sublessee”). 
 WITNESSETH: 
 WHEREAS, Lessor owns the office buildings located at 16701 W. 116th Street, Lenexa, Ks 66219, (collectively referred to as the “Premises”); and 
 WHEREAS, Sublessor has entered into a Lease Agreement dated March 15, 2005 under the terms of which Sublessor leases the Premises from
the Lessor; and 
 WHEREAS, Sublessee desires a sublease of a portion of the Premises and the parties desire to enter into a
Sublease Agreement defining all rights, duties, and liabilities of the parties hereto. 
 NOW, THEREFORE, in consideration of
the mutual covenants contained herein, the parties agree as follows: 
 1. Sublease. Sublessor hereby subleases to
Sublessee two (2) rooms within the Premises, comprised of approximately 625 square feet, as depicted on Exhibit “A” attached hereto. Sublessee shall also be entitled to the use of all common areas of the Premises and the right to
utilize nine (9) additional parking spaces associated with the Premises. The parking spaces allocated herein are in addition to the six (6) spaces granted to Sublessee pursuant to that certain Parking License previously entered into
between the parties. 
 2. Term of Sublease. The term of this Sublease shall be for an initial term of three
(3) years, commencing July 1, 2010 and ending June 30, 2013. Sublessee is hereby granted a series of renewal options, as follows: (i) a term of One (1) year from July 1, 2013 to June 30, 2014; (ii) a term of
One (1) year from July 1, 2014 to June 30, 2015; and (iii) a term of Five (5) years from July 1, 2015 to June 30, 2020. Each such renewal option shall be exercised by the Sublessee giving the Sublessor not less
than ninety (90) days advanced written notice prior to the expiration of the then current term of the Sublease. Regardless of the foregoing, either party may terminate this Sublease upon the giving of not less than ninety (90) days
advanced written notice. 
 3. Rent: In consideration of the leasing of the Premises, Sublessee covenants, stipulates and
agrees to pay to Sublessor monthly rental in the amount of $1,500.00 per month throughout the term of the Sublease and any extensions thereof. 
 4. Repair, Services and Utilities. Except as provided for in paragraph 5, Sublessor, at its sole cost, shall at all time repair and maintain the Premises in a good state of repair and shall furnish
all water, gas, electric, janitorial services and general office supplies as well as other services necessary or advisable for the general operation of the Premises. Sublessor shall provide Sublessee with access to telephone and internet
connectivity, but any such services and charges shall be separately billed and remain the sole responsibility of the Sublessee. 

 5. Sublessee’s Duty to Repair Damage to the Premises: Neither Sublessee nor or
its employees, agents or invitees shall damage any portion of the Premises and Sublessee shall, at its sole cost and expense, promptly repair to Sublessor’s satisfaction any damage or injury to the Premises caused by Sublessee or its employees,
agents or invitees, excluding ordinary wear and tear. If Sublessee fails to repair the Premises as required by this provision, Sublessor may, upon ten (10) days’ prior written notice to Sublessee, perform such repair on behalf of
Sublessee. In such case, Sublessee shall reimburse Sublessor as additional rent for all costs incurred in performing such repair within ten (10) days of Sublessor’s notice of the amount so due hereunder. It is specifically understood and
agreed by the parties hereto that the Sublessee’s obligations under this section shall survive the expiration of the term or any holdover period. 
 6. Taxes: Sublessor covenants and agrees to pay all real estate taxes, and installments of special taxes, tax bills and assessments, which may be levied and assessed against the Premises and
improvements thereon or on the driveways, streets, or sidewalks upon or adjacent to the same which are due and payable during the term of this Sublease at the time that such taxes and installments of such taxes, tax bills and assessments become due
and payable. 
 7. Governmental Requirements: Sublessor and Sublessee agrees to comply, at their sole cost and expense,
with the requirements of all applicable, existing and future laws, orders, ordinances and regulations which shall impose any duty upon the use or occupancy of the Premises. 
 8. Use of Premises: Sublessee covenants, warrants and represents to Sublessor that the Premises shall be used and occupied only for
the purpose of technical support and other ordinary business uses of Sublessee. Sublessee shall not use the Premises for any other purpose without first having secured the written consent of Sublessor. Sublessee shall occupy the Premises, conduct
its business and control its agents, employees, invitees and visitors in such a way as is lawful, reputable and will not create any nuisance or otherwise interfere with, annoy or disturb any neighbor. 
 9. Inspection: Sublessor and Sublessor’s agents, employees and independent contractors, shall have the right to enter upon the
Premises at any and all reasonable times to inspect the same for any purpose pertaining to the rights of Sublessor. 
 10.
Indemnification and Insurance: 
 (a) Sublessee covenants at all times to save Sublessor harmless from all loss,
liability, cost or damages that may occur or be claimed with respect to any person or persons, corporation, or property on or about the Premises resulting from any act done or omission by or through Sublessee, its agents, employees, invitees, or any
person on the Premises by reason of Sublessee’s use or occupancy or resulting from Sublessee’s non-use or possession of the Premises and any and all loss, cost, liability, or expense resulting therefrom. Sublessee further covenants and
agrees to maintain at all times during the term of this Sublease, broad form commercial general public liability insurance with a responsible insurance company, licensed to do business

  

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in the state in which the Premises are located and satisfactory to Sublessor, properly protecting and indemnifying Sublessor and Sublessor’s mortgagees (if any) for a single combined limit
of not less than one million ($1,000,000) dollars for personal injury, bodily injury, death or property damage with respect to the Premises. Sublessee shall furnish Sublessor with a certificate or certificates of insurance regarding such insurance
so maintained by Sublessee, naming Sublessor and Sublessor’s mortgagees as additional insureds and stating that such insurance may not be modified or cancelled, nor the coverage thereunder reduced, except upon thirty (30) days’ prior
written notice to Sublessor and Sublessor’s mortgagees. 
 (b) Sublessor covenants at all times to save Sublessee harmless
from all loss, liability, cost or damages that may occur or be claimed with respect to any person or persons, corporation, or property on or about the Premises resulting from any act done or omission by or through Sublessor, its agents, employees,
invitees, or any person on the Premises by reason of Sublessor’s use or occupancy or resulting from Sublessor’s non-use or possession of the Premises and any and all loss, cost, liability, or expense resulting therefrom. 
 11. Hazard Insurance: At all times during the continuance of the term of this Sublease or any extension thereof, Sublessor shall at
its own expense, keep all improvements forming part of the real estate now or thereafter or within Premises to the extent obtainable, insured against loss by standard fire and extended coverage in an amount equal to their full insurable value which
such insurance shall be placed in a solvent incorporated insurance company approved by Sublessor, said company being then licensed to do business in the State of Kansas. 
 Sublessee shall comply with all insurance regulations and adhere to fire regulations required by Sublessor’s insurance carrier and governmental regulations in the jurisdiction where the Premises are
located so the lowest insurance rates consistent with the use of the Premises permitted by this Sublease may be obtained, and shall not permit anything in or about the Premises which would make void or voidable any insurance now or hereafter on the
Premises. 
 Sublessee, at is sole option, shall, throughout the term and at its expense, maintain “all risk” (fire,
extended coverage, theft, vandalism, etc.) coverage on all of Sublessee’s personal property and fixtures (and the personal property and fixtures of any third parties) in or on the Premises in an amount equal to the replacement cost thereof, it
being understood that Sublessor shall carry no insurance whatever on any of Sublessee’s personal property or fixtures. 
 12. Alterations: Sublessee shall not make any alterations, additions, improvements or changes in or to the demised Premises without the advance written consent of Sublessor. Notwithstanding anything herein to the contrary, Sublessor
shall not be deemed to have authorized any alternations, additions, improvements, and changes made to or on the demised Premises. Sublessor shall have and reserve the right to enter upon the demised Premises at all reasonable times to post such
notices in such locations on the Premises as Sublessor deems necessary to protect the interest of Sublessor against mechanics or other liens arising out of any work done or caused to be done on the demised Premises by Sublessee. 
  

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 13. Sublessor’s Right Of Entry: Sublessor and/or Sublessor’s agents may
enter the Premises at reasonable hours to examine the same and to do anything Sublessor may be required to do hereunder or which Sublessor may deem necessary for the good of the Premises, and, Sublessor may display a sign on and show the Premises
for lease or sale at any time. Sublessor’s entry into the Premises shall not unreasonably interfere with Sublessee’s business conducted therein. Notwithstanding the foregoing, the preceding sentence shall be of no force or effect with
respect to any entry by Sublessor made for the purpose of (a) curing Sublessee’s defaults (including without limitation by collecting late rent) or (b) responding to emergencies. Sublessor shall have no liability to Sublessee for any
damage, inconvenience or interference with the use of the Premises by Sublessee resulting from Sublessor’s performance of maintenance or repair work. 
 14. Signs and Advertisements: Sublessee shall not put upon nor permit to be put upon any part of the Premises any signs, billboards, or advertisements whatever, including real estate signs, without
the prior written consent (which shall not be unreasonably withheld) of Sublessor and subject to any applicable governmental laws, ordinances, regulations and other applicable requirements. Sublessee shall remove all such signs by the termination
date of this Sublease. The installations and removals shall be made in such manner as to avoid damage or defacement of the building and other improvements, and Sublessee shall repair any damage or defacement, including without limitation,
discoloration caused by such installation and/or removal. 
 15. Assignment and Subletting: Sublessee shall not have the
right to assign this Sublease or to sublet the whole or any part of the Premises without prior written consent of Sublessor in each and every instance. 
 16. Surrender of Premises: Upon the expiration or other termination of the term of this Sublease, Sublessee shall quit and surrender unto said Sublessor the demised Premises, in good order and
condition, ordinary wear and damage by the elements excepted. Sublessee shall remove at Sublessee’s cost, all of Sublessee’s personal property which shall be readily movable without injury to the Premises. Upon the removal of said
property, Sublessee shall restore the Premises to their original condition, ordinary wear and damage by the elements excepted, at Sublessee’s cost and expense. In the event of the failure to remove all of said property, Sublessor may cause all
of said property to be removed at the expense of Sublessee and Sublessee hereby agrees to pay all costs and expenses thereby incurred. All additions, fixtures or improvements except personal property which shall be readily movable without injury to
the Premises shall be and remain as part of the Premises at the expiration of the Sublease. 
 17. Default And Remedies:
In the event: (a) Sublessee fails to comply with any term, provision, condition or covenant of this Sublease; (b) Sublessee deserts, vacates or abandons the Premises; (c) any petition is filed by or against Sublessee under any section
or chapter of the Federal Bankruptcy Act, as amended, or under any similar law or statute of the United States or any state thereof; (d) Sublessee becomes insolvent or makes a transfer in fraud of creditors; (e) Sublessee makes an
assignment for benefit of creditors; (f) Sublessee shall commit waste in or about the Premises; or (g) a receiver is appointed for Sublessee or any of the assets of Sublessee, then in any of such event, Sublessee shall be in default. With
the exception of a monetary

  

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default, for which no notice is necessary, upon the occurrence of a non-monetary default, Sublessor shall give Sublessee written notice of such event of default and the right to cure such
non-monetary default for a period of Thirty (30) days from the date of notice. Upon the occurrence of a monetary default or the failure to timely cure a non-monetary default, Sublessor shall have the option to any remedy permitted by law.

 18. Notices: All notices required under this Sublease shall be deemed to be properly served if delivered in writing
personally or sent by registered mail to the appropriate party as follows: 
  

			
	Lessor:	  	J & J Printing, Inc.
		  	16701 W. 116th Street
		  	Lenexa, Ks 66219
		
	Sublessor:	  	J & J Properties, LLC
		  	16701 W. 116th Street
		  	Lenexa, Ks 66219
		
	Sublessee:	  	ICOP Digital, Inc.
		  	16801 W. 116th Street
		  	Lenexa, Ks 66219

 or to any other address which the party
may have designated in writing. Notices for purposes of this Sublease shall be deemed to have been received when mailed or hand delivered as provided in this paragraph. 
 19. Waiver: The rights and remedies of Sublessor under this Sublease, as well as those provided or accorded by law, shall be cumulative, and none shall be exclusive of any other rights or remedies
hereunder or allowed by law. A waiver by Sublessor of any breach or breaches, default or defaults of Sublessee hereunder shall not be deemed or construed to be a continuing waiver of such breach or default nor as a waiver of or permission, expressed
or implied, for any subsequent breach or default, and it is agreed that the acceptance by Sublessor of any installment of rent subsequent to the date the same should have been paid hereunder, shall in no manner alter or affect the covenant and
obligation of Sublessee to pay subsequent installments of rent promptly upon the due date thereof. No receipt of money by Sublessor after the termination in any way of this Sublease shall reinstate, continue or extend the term. 
 20. Successors: The provisions, covenants and conditions of this Sublease shall bind and inure to the benefit of the legal
representatives, heirs, successors and assigns of each of the parties hereto, except that no assignment or subletting by Sublessee without the written consent of Sublessor shall vest any right in the assignee or sublessee of Sublessee. 

21. Mechanic’s Liens: Sublessee shall not permit any mechanic’s or materialmen’s liens arising from any work or
materials requested or suffered by Sublessee and affecting the Premises to be filed prior to, during or after the expiration of the term, and if any such lien if filed, Sublessee agrees to remove such lien within ten (10) days thereafter. If
Sublessee shall fail to clear any such lien within such ten (10) day period, Sublessor shall have the right to remove such lien (by bonding or otherwise) at Sublessee’s sole cost and expense, and Sublessee shall reimburse Sublessor for
such removal (together with Sublessor’s expense therefor) upon demand. Sublessee’s failure to clear any such liens shall be a default hereunder. 
  

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 22. Force Majeure: Sublessor shall not be required to perform any covenant or
obligation in this Sublease, or be liable in damages to Sublessee, so long as the performance or non-performance of the covenant or obligation is delayed, caused by or prevented by an act of God or force majeure. 
 23. Binding Effect: This Sublease and all provisions, covenants and conditions thereof shall be binding upon and inure to the benefit
of the heirs, legal representatives, successors and assigns of the parties hereto except that no person, firm, corporation or court officer holding under or through Sublessee in violation of any of the terms, provisions or conditions of this
Sublease shall have any right, interest or equity in and to this Sublease, the terms of this Sublease and the Premises covered by this Sublease. 
 24. Severable Clause: In the event that at any future time one or more clauses of this Sublease shall be held to be void by any Court of competent jurisdiction or for any reason, such clauses shall
be deemed to be severable and the remainder of this Sublease shall be deemed to be valid and in full force and effect. 
 IN
WITNESS WHEREOF, the parties have hereunto set their hands and seals as of the day and year first above written. 
  

							
	Lessor:	 	J & J PRINTING, INC.,	  	
		 	a Kansas Limited Liability Company	  	
			
		 	  
	  	
		 	Name:	 	  
	  	
		 	Title:	 	  
	  	
			
	Sublessor:	 	J & J PROPERTIES, L.L.C.,	  	
		 	a Kansas Limited Liability Company	  	
			
		 	  
	  	
		 	Name:	 	  
	  	
		 	Title:	 	  
	  	
			
	Sublessee:	 	ICOP DIGITAL, INC.,	  	
		 	a Colorado Corporation	  	
			
		 	  
	  	
		 	DAVID C. OWEN, CEO	  	

  

 6Letter of amendment dated August 4, 2009

 Exhibit 10.56 
 Wachovia Capital Finance Corporation (Canada) 
 141 Adelaide Street West, Suite 1500 
 Toronto, Ontario M5H 3L5 
  

					
	

	 	August 4, 2009	  	

 VIA EMAIL 
 SMTC Manufacturing Corporation of Canada/ 
 Societe de Fabrication SMTC du Canada 
 635 Hood Road 
 Markham, Ontario L3R 4N6 
 Dear Ms. Jane Todd: 
  

	 	Re:	Wachovia Capital Finance Corporation (Canada) and SMTC Manufacturing Corporation of Canada/Societe de Fabrication SMTC du Canada 

Reference is made to the second amended and restated Canadian loan agreement dated as of August 7, 2008 as amended
by letter dated November 19, 2008 and April 2, 2009 (as amended, modified, supplemented, extended, renewed, restated or replaced from time to time, the “Canadian Loan Agreement”) between Wachovia Capital Finance
Corporation (Canada), as the Revolving Lender and the Agent, and SMTC Manufacturing Corporation of Canada/Societe de Fabrication STMC du Canada, as the Canadian Borrower. 
  

	 	1.	Definitions. In this letter, unless otherwise defined or the context otherwise requires, all capitalized terms shall have the respective meanings specified in
the Canadian Loan Agreement. 

  

	 	2.	Amendment to Canadian Loan Agreement. 

  

	 	(a)	This letter is an amendment to the Canadian Loan Agreement. Unless the context of this letter otherwise requires, the Canadian Loan Agreement and this letter shall be
read together and shall have effect as if the provisions of the Canadian Loan Agreement and this letter were contained in one agreement. The term “Agreement” when used in the Canadian Loan Agreement means the Canadian Loan Agreement as
amended by this letter, together with all amendments, modifications, supplements, extensions, renewals, restatements and replacements thereof from time to time. 

  

	 	(b)	The Canadian Loan Agreement is amended as follows: 

  

	 	(i)	Schedule 8.19 hereto shall be a schedule to the Canadian Loan Agreement. 

	 	(ii)	Section 8.19 “EBITDA” of the Canadian Loan Agreement is deleted and replaced with: 

 “8.19    EBITDA 
 The Canadian Borrower shall ensure that EBITDA for SMTC Corporation and its Subsidiaries, calculated at the end of each
month on a consolidated trailing twelve (12) month basis, shall not be less than the amounts set forth in the table below: 
  

				
	 End of Month
	  	TTM EBITDA
		
	 January 2009
	  	US$	5,900,000
		
	 February 2009
	  	US$	6,200,000
		
	 March 2009
	  	US$	3,400,000
		
	 April 2009
	  	US$	3,400,000
		
	 May 2009
	  	US$	4,200,000
		
	 June 2009
	  	US$	3,700,000
		
	 July 2009
	  	US$	4,200,000
		
	 August 2009
	  	US$	4,000,000
		
	 September 2009
	  	US$	3,700,000
		
	 October 2009
	  	US$	3,800,000
		
	 November 2009
	  	US$	4,300,000
		
	 December 2009
	  	US$	3,800,000
		
	 January 2010
	  	US$	4,200,000
		
	 February 2010
	  	US$	4,700,000
		
	 March 2010
	  	US$	5,500,000
		
	 April 2010
	  	US$	4,200,000
		
	 May 2010
	  	US$	4,700,000
		
	 June 2010
	  	US$	5,500,000

 It is the intention of the Agent and the Canadian Borrower to reset in writing the EBITDA covenant in Section 8.19 by July 10, 2010 and if the Agent and the Canadian Borrower cannot agree on such reset by July 10, 2010
then the Canadian Borrower shall comply with the Fixed Charge Coverage Ratio in Section 8.23. 
 The
Agent and the Canadian Borrower acknowledge and agree that Schedule 8.19 sets out how the Agent calculated the EBITDA covenant in Section 8.19 and that total 2008 EBITDA of US$5,897,000 in column A in Schedule 8.19
represents EBITDA for 2008 retrieved from SMTC Corporation’s 2008 financial statements.”. 
  

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	 	(iii)	Section 8.23 “Fixed Charge Coverage Ratio” of the Canadian Loan Agreement is deleted and replaced with: 

 “8.23    Fixed Charge Coverage Ratio 
 In the event that the Agent and the Canadian Borrower cannot agree to reset in writing the EBITDA covenant in
Section 8.19 by July 10, 2010 then the Canadian Borrower shall ensure that SMTC Corporation and its Subsidiaries maintain a Fixed Charge Coverage Ratio of not less than 1.25:1 calculated at the end of each fiscal month starting with
July 2010 on a consolidated trailing twelve (12) month basis and in accordance with GAAP.”. 
  

	 	(iv)	Section 8.25 “Maximum Unfunded Capital Expenditures” of the Canadian Loan Agreement is deleted and replaced with: 

“8.25    Maximum Unfunded Capital Expenditures 
 The Canadian Borrower shall ensure that SMTC Corporation and its Subsidiaries do not, directly or indirectly, make or commit
to make, whether through purchase, capital leases or otherwise, unfunded Capital Expenditures in an aggregate amount in excess of US$1,000,000 for fiscal year 2009 of SMTC Corporation. 
 It is the intention of the Agent and the Canadian Borrower to reset in writing the Maximum Unfunded Capital Expenditures
covenant in Section 8.25 by July 10, 2010 and if the Agent and the Canadian Borrower cannot agree on such reset by July 10, 2010 then the maximum unfunded capital expenditure amount above shall be US$500,000 for fiscal year
2010 and each fiscal year of SMTC Corporation on a go forward basis.”. 
  

	 	(c)	The effective date of the amendment to the Canadian Loan Agreement provided in this letter is August 4, 2009. 

  

	 	3.	No Novations. Nothing in this letter, or in the Canadian Loan Agreement when read together with this letter, shall constitute a novation, payment, re-advance or
reduction or termination in respect of any Obligations. 

  

	 	4.	Financing Agreement. This letter is a Financing Agreement. 

  

	 	5.	Intentionally Deleted. 

  

	 	6.	Expenses. The Canadian Borrower shall pay all fees, expenses and disbursements including, without limitation, legal fees, incurred by or payable to the Agent and
Revolving Lender in connection with the preparation, negotiation, completion, execution, delivery and review of this letter and all other documents and instruments arising therefrom and/or executed in connection therewith. 

 

	 	7.	Conditions Precedent to Effectiveness. This letter shall not be effective until each of the following conditions has been met to the satisfaction of each of the
Agent and the Revolving Lender or has been waived in writing (in whole or in part) by all of them in their sole respective discretion: 

  

	 	(a)	the Agent and the Revolving Lender have received this letter duly authorized, executed and delivered by each of the Canadian Borrower and the Obligors;

  

 Page 3 

	 	(b)	no Default or Event of Default has occurred and is continuing; and 

  

	 	(c)	no material adverse change shall have occurred with respect to any of the Canadian Borrower or the Obligors since the date of the Agent’s latest field examination
and no change or event shall have occurred which would have a material adverse effect on any of the Canadian Borrower or the Obligors. 

  

	 	8.	Continuance of Canadian Loan Agreement and Security. 

  

	 	(a)	The Canadian Loan Agreement, as amended by this letter, shall be and continue in full force and effect and is hereby confirmed and the rights and obligations of all
parties thereunder shall not be affected or prejudiced in any manner except as specifically provided for herein. 

  

	 	(b)	Each of the Canadian Borrower and the Obligors hereby acknowledges, confirms and agrees that: 

  

	 	(i)	all security delivered by the Canadian Borrower and the Obligors secures the payment of all of the Obligations including, without limitation, the obligations arising
under the Canadian Loan Agreement, as amended by the terms of this letter; and 

  

	 	(ii)	the Agent and the Canadian Lenders shall continue to have valid, enforceable and perfected first priority liens upon the collateral described in the Financing
Agreements, subject only to liens expressly permitted pursuant to the Canadian Loan Agreement. 

  

	 	(c)	To induce the Agent and the Revolving Lender to enter into this letter, each of the Canadian Borrower and the Obligors hereby represent and warrant to each of the Agent
and the Revolving Lender as follows, which representations and warranties shall survive the execution and delivery of this letter: 

  

	 	(i)	the Canadian Borrower and the Obligors are in compliance with all covenants in the Financing Agreements; 

  

	 	(ii)	all the representations and warranties set out in the Financing Agreements are true and accurate; 

  

	 	(iii)	no Default or Event of Default has occurred or is continuing; 

  

	 	(iv)	no material adverse change has occurred with respect to any of the Canadian Borrower or the Obligors since the date of the Agent’s latest field examination and no
change or event has occurred which would have a material adverse effect on any of the Canadian Borrower or the Obligors; 

  

 Page 4 

	 	(v)	the execution delivery, delivery and performance of this letter and the transactions contemplated hereunder are all within its powers, have been duly authorized by it
and are not in contravention of law or the terms of its organizational documents or any indenture, agreement or undertaking to which it is a party or by which it or its property is bound; 

  

	 	(vi)	it has duly executed and delivered this letter; and 

  

	 	(vii)	this letter constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

  

	 	9.	Counterparts. This letter may be executed in any number of separate original, facsimile or pdf counterparts, each of which shall be deemed an original and all of
said counterparts taken together shall be deemed to constitute one and the same instrument. 

  

	 	10.	Governing Law. The validity, interpretation and enforcement of this letter and any dispute arising out of the relationship between the parties hereto, whether in
contract, tort, equity or otherwise, shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein. 

  

	 	11.	Further Assurances. At the request of any of the Agent or the Revolving Lender at any time and from time to time, each of the Canadian Borrower and the Obligors
shall, at their expense, duly execute and deliver, or cause to be duly executed and delivered, such further agreements, documents and instruments, and do or cause to be done such further acts as may be requested by any of the Agent or the Revolving
Lender to effectuate the provisions or purposes of this letter. 

  

	 	12.	Amendments and Waivers. Neither this letter nor any provision hereof shall be amended, modified, waived or discharged orally or by course of conduct, but only by
a written agreement signed by the parties hereto. 

  

	 	13.	Headings. The division of this letter into sections and the insertion of headings are for convenience of reference only and shall not affect the construction or
interpretation of this letter. 

  

	 	14.	Successors and Assigns. This letter shall be binding upon and inure to the benefit of and be enforceable by the Agent, the Revolving Lender, the Canadian
Borrower and the Obligors and their respective successors and assigns. The Canadian Borrower and the Obligors may not assign their respective rights under this letter without the prior written consent of the Agent and the Revolving Lender.

  

	 	15.	Partial Invalidity. If any provision of this letter is held to be invalid or unenforceable, such invalidity or unenforceability shall not invalidate this letter
as a whole, but this letter shall be construed as though it did not contain the particular provision held to be invalid or unenforceable and the rights and obligations of the parties shall be construed and enforced only to such extent as shall be
permitted by applicable law. 

  

 Page 5 

	 	16.	Acceptance. If the foregoing correctly sets out our agreement, please indicate your acceptance of this letter by signing below and returning an executed copy to
us by no later than 5:00 p.m. on August 4, 2009 (the “Effective Date”). If not so signed and returned to us by all parties hereto on the Effective Date, this letter shall be null and void. 

  

											
		 	 Yours truly,
	 		 	
				
		 	REVOLVING LENDER AND AGENT:	 		 	
				
		 	 WACHOVIA CAPITAL FINANCE
 CORPORATION (CANADA)
	 		 	
					
		 	 By:
	 	
 

	 		 	
		 		 	 Name:
	 	Carmela Massari	 		 	
		 		 	 Title:
	 	First Vice President	 		 	
		 		 		 	 Wachovia Capital Finance Corporation
 (Canada)
	 		 	
					
		 	 By:
	 	  
	 		 	
		 		 	 Name:
	 		 		 	
		 		 	 Title:
	 		 		 	
				
		 	 Agreed this 4th day of August 2009.
	 		 	
				
		 	CANADIAN BORROWER:	 		 	
				
		 	 SMTC MANUFACTURING
 CORPORATION OF CANADA/SOCIETE
 DE FABRICATION SMTC DU CANADA
	 		 	
					
		 	 By:
	 	
 

	 		 	
		 		 	 Name:
	 	Jane Todd	 		 	
		 		 	 Title:
	 	SVP Finance and CFO	 		 	
					
		 	 By:
	 	
 

	 		 	
		 		 	 Name:
	 	John Caldwell	 		 	
		 		 	 Title:
	 	CEO	 		 	

  

 Page 6 

 OBLIGORS: 
 Each of the undersigned Obligors hereby: 
  

	 	(a)	acknowledges, confirms and agrees that such Obligor’s Financing Agreements (as each of the same may have been amended, modified, supplemented, extended, renewed,
restated or replaced) remain in full force and effect as at the date hereof in respect of the Obligations under the Canadian Loan Agreement; 

  

	 	(b)	acknowledges and confirms that such Obligor has received a copy of the Canadian Loan Agreement and this letter and understands and agrees to the terms thereof;

  

	 	(c)	acknowledges and confirms that the representations and warranties set forth in the Financing Agreements to which it is a party continue to be true and correct as of the
date hereof; and 

  

	 	(d)	acknowledges and confirms that it is in compliance with the covenants set forth in the Financing Agreements to which it is a party as of the date hereof.

 Dated as of the 4th day of August, 2009. 
  

															
		 	 SMTC CORPORATION
	 		 	SMTC HOLDINGS, LLC
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	Jane Todd	 		 		 	Name:	 	Jane Todd
		 		 	Title:	 	CFO	 		 		 	Title:	 	CFO
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	John Caldwell	 		 		 	Name:	 	John Caldwell
		 		 	Title:	 	CEO	 		 		 	Title:	 	CEO
			
		 	HTM HOLDINGS, INC.	 	RADIO COMPONENTES DE MEXICO, S.A. DE C.V.
						
		 	 By:
	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	Jane Todd	 		 		 	Name:	 	Jane Todd
		 		 	Title:	 	CFO	 		 		 	Title:	 	CFO
						
		 	 By:
	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	John Caldwell	 		 		 	Name:	 	John Caldwell
		 		 	Title:	 	CEO	 		 		 	Title:	 	CEO

  

 Page 7 

															
		 	 SMTC DE CHIHUAHUA, S.A. DE C.V.
	 		 	SMTC NOVA SCOTIA COMPANY
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	Jane Todd	 		 		 	Name:	 	Jane Todd
		 		 	Title:	 	CFO	 		 		 	Title:	 	CFO
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	John Caldwell	 		 		 	Name:	 	John Caldwell
		 		 	Title:	 	CEO	 		 		 	Title:	 	CEO
			
		 	 SMTC MANUFACTURING
 CORPORATION OF CALIFORNIA
	 	SMTC MEX HOLDINGS, INC.
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	Jane Todd	 		 		 	Name:	 	Jane Todd
		 		 	Title:	 	CFO	 		 		 	Title:	 	CFO
						
		 	By:	 	
 

	 		 	By:	 	
 

		 		 	Name:	 	John Caldwell	 		 		 	Name:	 	John Caldwell
		 		 	Title:	 	CEO	 		 		 	Title:	 	CEO
					
		 	 SMTC MANUFACTURING
 CORPORATION OF MASSACHUSETTS
	 		 		 	
							
		 	By:	 	
 

	 		 		 		 	
		 		 	Name:	 	Jane Todd	 		 		 		 	
		 		 	Title:	 	CFO	 		 		 		 	
							
		 	By:	 	  
	 		 		 		 	
		 		 	Name:	 	John Caldwell	 		 		 		 	
		 		 	Title:	 	CEO	 		 		 		 	

  

 Page 8 

 SCHEDULE 8.19 
 EBITDA CALCULATIONS 
 [NTD: See attached.] 

  

 Page 9 

																								
	 SMTC
 EBITDA
	  	(US$)	  	A
Actual
2008	 	 	B
Plan
2009	 	 	C
85%
plan	 	 	D
Rolling 12-mth
2009
	  	E
Rolling 12-mth
adj non qtr mths	  	F
Covenant
	 Jan
	  		  	$	(1,016	) 	 	$	(461	) 	 	$	(530	) 	 	$	6,383	  	$	5,883	  	$	5,900
	 Feb
	  		  	 	30	  	 	 	107	  	 	 	91	  	 	 	6,444	  	 	6,194	  	 	6,200
	 Mar
	  		  	 	3,316	  	 	 	347	  	 	 	295	  	 	 	3,423	  	 	3,423	  	 	3,400
	 Apr
	  		  	 	(475	) 	 	 	233	  	 	 	198	  	 	 	4,096	  	 	3,366	  	 	3,400
	 May
	  		  	 	107	  	 	 	466	  	 	 	396	  	 	 	4,385	  	 	4,135	  	 	4,200
	 Jun
	  		  	 	1,300	  	 	 	698	  	 	 	593	  	 	 	3,678	  	 	3,678	  	 	3,700
	 Jul
	  		  	 	(950	) 	 	 	360	  	 	 	306	  	 	 	4,934	  	 	4,204	  	 	4,200
	 Aug
	  		  	 	1,187	  	 	 	600	  	 	 	510	  	 	 	4,257	  	 	4,007	  	 	4,000
	 Sep
	  		  	 	1,212	  	 	 	693	  	 	 	589	  	 	 	3,634	  	 	3,634	  	 	3,700
	 Oct
	  		  	 	(589	) 	 	 	390	  	 	 	332	  	 	 	4,555	  	 	3,816	  	 	3,800
	 Nov
	  		  	 	371	  	 	 	394	  	 	 	335	  	 	 	4,519	  	 	4,269	  	 	4,300
	 Dec
	  		  	 	1,404	  	 	 	759	  	 	 	645	  	 	 	3,760	  	 	3,760	  	 	3,800
								
	 Total
	  		  	$	5,897	  	 	$	4,586	  	 	$	3,760	  	 	$	3,760	  	$	3,760	  	$	3,800
								
	 Per 2008 10 K
	  		  	$	5,897	  	 				 				 			  			  		
								
	 Jan 2010
	  		  				 	$	390	  	 	$	332	  	 	$	4,680	  	$	4,180	  	$	4,200
	 Feb 2010
	  		  				 	 	394	  	 	 	335	  	 	 	4,983	  	 	4,733	  	 	4,700
	 Mar 2010
	  		  				 	 	759	  	 	 	645	  	 	 	5,447	  	 	5,447	  	 	5,500

 Note: 
 If financial covenant is not reset by April 10, 2010, April test will be FCCR 1.25:1 
 Column A represents actual EBITDA for 2008 retrieved from client’s projection model and total matched to 2008 10-K 
 Column B represents EBITDA per 2009 projections 
 Column C represents 85% of 2009 projected EBITDA

 Column D represents rolling EBITDA (A and C) 
 Column E is the same as D except that non-qtr month ends are lower than in D - QTR end periods are equal 
 Column F covenant (rounded)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]