Document:

AMENDMENT TO EMPLOYMENT AGREEMENT

 EXHIBIT 10.20.2 
  
 [LETTERHEAD OF SMTC CORPORATION] 
  
 January 30, 2004 
  
 Philip Woodard 
 912 Wildrush Place 
 Newmarket, Ontario L3X 1L7 
  
 Dear Mr. Woodard: 
  
 RE: Amendment to
Employment Agreement 
  
 Further to our discussions regarding the
continuation of your employment with Surface Mount Technology Centre Manufacturing Corporation of Canada (“SMTC”), and pursuant to paragraph 12 of your employment agreement dated July 30, 1999 (the “Agreement”) which provides
that the parties may amend the Agreement, this letter sets forth an amendment to the Agreement. Except as expressly modified herein, all of the terms of the Agreement shall remain the same as set out in the Agreement. The amendments are as follows:

  

	1.	Re: Salary and Benefits Pursuant to Paragraphs 2 and 3 of the Agreement 

  

You will no longer be provided with any salary and benefits pursuant to paragraphs 2 and 3 of the Agreement. Instead, your services will be provided through your
consulting firm The Woodbro Group Ltd (“Woodbro”) for a monthly payment of $28,000.00 that is inclusive of previous salary, benefits, RRSP contributions, vacation pay and car allowance. 
  

	2.	Re: Non-renewal and Salary Continuation in the Event of a Termination without Cause Pursuant to Paragraphs 1 and 4 of the Agreement during the period January 1, 2004 and December
31, 2004. 

  
 The Non-Renewal provisions contained in paragraph
1 of the Agreement and the Termination and Severance Provisions contained in paragraph 4 of the Agreement will not apply during the period of January 1, 2004 through to December 31, 2004 (the “Refinancing Period”). 
  
 During the Refinancing Period you will be required to provide at least thirty (30) days
written notice of resignation and SMTC may terminate your employment at any time, with thirty (30) days notice after which no provision of any further payment to you whatsoever for 2004, save and except any payments that may be owed to you, pursuant
to paragraph 4 and 5 below, which you agree are in full satisfaction of all termination and severance pay owed to you under the Employment Standards Act, 2000, and pay in lieu of reasonable notice under the common law. 

 In the event that, during the Refinancing Period, SMTC terminates your employment without cause, or you resign your
employment, and provided that SMTC continues to provide any payments that are required to be paid pursuant to paragraphs 4 and 5 below, you shall continue to abide by the non-competition provisions as set out in paragraph 6 of the Agreement for a
period of six (6) months from the effective date of your resignation or termination of your employment with SMTC, and, you shall continue to abide by the non-solicitation provisions as set out in paragraph 6 of the Agreement for a period of one (1)
years from the effective date of your resignation or termination of your employment with SMTC. For greater certainty, in the event your employment is terminated without cause during the Refinancing Period you will not be entitled to any further
payments of your base salary pursuant to paragraph 4 of the Agreement, nor any monthly payments as set out in paragraph 1 above. 
  

	3.	RE: Bonus Payment for the Fiscal Year Ending on December 31, 2003 Pursuant to Paragraph 2 of the Agreement 

  
 You acknowledge and agree that due to the financial performance of SMTC no bonus is payable
for the fiscal year ending on December 31, 2003. For greater certainty, you hereby waive and forgo any entitlement to any annual bonus payment for the fiscal year ending December 31, 2003. 
  

	4.	Re: Bonus Payment for the Fiscal Year Ending on December 31, 2004 Pursuant to Paragraph 2 of the Agreement 

  
 A proposal to establish a 2004 annual bonus payment plan for key executives (including the
Chief Operating Officer) is to be presented to the Compensation Committee of the Board of Directors. Such proposal will recommend incentives for key executives based upon achievement of financial performance targets for the 2004 fiscal year and
individual performance. You will be entitled to participate in the plan. In the event of your resignation, or termination of your employment by SMTC other than for cause, SMTC will provide you with a pro-rata payment based upon your individual
performance and the year to date performance of SMTC versus the targets set for the annual bonus payments. If your employment is terminated for cause, you will not be entitled to receive any such bonus payment. 
  

	5.	Re: Incentive and Retention Arrangements 

  
 As part of SMTC’s efforts to retain certain senior management services throughout the ongoing sale/restructuring process and beyond, SMTC will provide you with
retention and success payments on the following terms and conditions. 
  

	(i)	First Retention Payment 

  
 SMTC will provide you with a first retention payment of US $150,000.00, provided that you continue to be employed by SMTC up to and including January 29, 2004. This
payment is payable by February 2, 2004. In the event of your resignation or termination of your employment with cause on or before January 29, 2004, you will not be entitled to receive this or any further retention payments. 
  

 -2- 

	(ii)	Success Payment 

  
 SMTC will provide Woodbro with a success payment of US $100,000.00, provided that there is a successful closing of a sale, merger, or substantial bank refinancing or restructuring transaction (“Transaction”)
by June 30, 2004, and provided also that you continue to provide your service to SMTC up to and including March 31, 2004. 
  
 In the event you resign or your employment is terminated with cause, prior to March 31, 2004, you will not be entitled to receive this retention payment. In the event
your employment is terminated without cause at any time during the Refinancing Period, and there is a successful closing of the Transaction, you will be entitled to receive this success payment, which will be payable to you on the later of five (5)
days after the closing of the Transaction, or March 31, 2004. 
  

	(iii)	Second Retention Payment 

  
 Provided that you continue to provide services to SMTC until at least June 25, 2004, but no longer than December 31, 2004, and provided your employment is not terminated
with cause at any time, Woodbro will be entitled to a second retention payment of US $100,000.00 which is payable within 30 days of your resignation or termination without cause. If you continue to be employed with SMTC after December 31, 2004, you
will no longer be entitled to receive this retention payment, although all of the provisions contained in the Agreement will apply again, including paragraphs 1 and 4 of the Agreement which provide certain payments in the event of a termination or
resignation of your employment. 
  
 For greater certainty, if you resign prior to
June 25, 2004, or your employment is terminated with cause at any time, you will not be entitled to receive this payment. If you resign, or your employment is terminated without cause, effective on or after June 25, 2004, but prior to December 31,
2004, you will be entitled to receive this retention payment which will be payable within 30 days of your resignation or termination without cause. 
  
 You acknowledge that the above noted first and second retention payments (in paragraphs 5(i) and 5(iii)) are inclusive of any termination and severance pay under the
Ontario Employment Standards Act, 2000 and pay in lieu of reasonable notice under the common law, that you may be entitled to receive. 
  
 * * * 
  
 You acknowledge that you have had an opportunity to review the terms of these amendments with legal counsel and that you understand all of the terms contained herein. 
  

 -3- 

 Please execute the extra copy of this letter in the space below and return it to the undersigned, to confirm your
understanding and acceptance of the terms contained herein. 
  

			
	 Yours truly,
	  	 
		
	The Surface Mount Technology Centre Inc.	  	 
		
	By:	  	Accepted and Agreed to:
		
	 /s/ John Caldwell

	  	 /s/ Phil Woodard

	John Caldwell	  	Phil Woodard

  

 -4-AGREEMENT AND TWELFTH AMENDMENT DATED MARCH 26, 2004

 Exhibit 10.64 
  
 AGREEMENT AND TWELFTH AMENDMENT, dated as of March 26, 2004 (this “Twelfth Amendment”), among FIBERNET
OPERATIONS, INC., a Delaware corporation (“FiberNet”), DEVNET L.L.C., a Delaware limited liability company (“Devnet” and, together with FiberNet, the “Borrowers”), and the financial institutions
party to the Credit Agreement (as defined below) as lenders (collectively, the “Lenders”), to the AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 9, 2001 (the “Credit Agreement”), among the Borrowers,
the Lenders, DEUTSCHE BANK AG NEW YORK BRANCH (“DBAG”), as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), TD SECURITIES (USA) INC. (“TD”), as syndication agent
for the Lenders (in such capacity, the “Syndication Agent”), and WACHOVIA INVESTORS, INC., as documentation agent for the Lenders (in such capacity, the “Documentation Agent”). 
  
 RECITALS 
  
 WHEREAS, the Borrowers wish to make certain amendments to the Credit Agreement which are more particularly described herein.

  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the promises and the mutual agreements
herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
  
 ARTICLE I. 
 DEFINITIONS 
  
 Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement. 
  
 ARTICLE II. 
 AMENDMENTS

  
 Section 2.01 Definitions. 
  
 (a) The following defined term is added to Section
1.1 of the Credit Agreement in its proper alphabetical order: 
  
 “Logicworks Settlement Expenses” means the expenses incurred by the Parent in an aggregate amount equal to $495,331 in connection with the out-of-court litigation settlement with Logicworks.

  
 (b) The definition of “Consolidated
EBITDA” is amended by (i) replacing the period (“.”) at the end of such definition with a semicolon (“;”) and (ii) adding the following sentence immediately thereafter: 
  
 “provided further that the Logicworks Settlement
Expenses shall be excluded solely for the purpose of calculating the Consolidated EBITDA for the Fiscal Quarter ending December 31, 2003.” 
  
 ARTICLE III. 
 MISCELLANEOUS

  
 Section 3.01 Execution of this Twelfth Amendment.

  
 This Twelfth Amendment is executed and shall be construed as
an amendment to the Credit Agreement, and, as provided in the Credit Agreement, this Twelfth Amendment forms a part thereof. 

 Section 3.02 Representations and Warranties. 
  
 The Borrowers hereby represent and warrant to the Administrative Agent and
the Lenders that (a) all consents, approvals and authorizations necessary for the Borrowers’ execution, delivery and performance of this Twelfth Amendment have been obtained or made and (b) this Twelfth Amendment has been duly executed and
delivered by the Borrowers and constitutes a legal, valid and binding obligation of each Borrower, enforceable against such Borrower in accordance with its terms. 
  
 Section 3.03 Waiver. 
  
 This Twelfth Amendment is made in amendment and modification of, but not extinguishment of, the obligations set forth in the Credit Agreement and the
other Loan Documents and, except as specifically modified pursuant to the terms of this Twelfth Amendment, the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect. Nothing herein shall limit in
any way the rights and remedies of the Administrative Agent and the Lenders under the Credit Agreement and the other Loan Documents. The execution and delivery by the Lenders of this Twelfth Amendment shall not constitute a waiver, forbearance or
other indulgence with respect to any Potential Event of Default or Event of Default now existing or hereafter arising. 
  
 Section 3.04 Counterparts; Integration; Effectiveness. 
  
 This Twelfth Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Twelfth Amendment and any agreements referred to herein constitute the entire contract among the parties hereto relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. In addition to the requirements set forth above in Section 3.01, this Twelfth Amendment shall become effective when it shall
have been executed by each of the Borrowers and each of the Lenders, and thereafter shall be binding upon and inure to the benefit of the parties hereto and, subject to and in accordance with Section 9.16 of the Credit Agreement, their
respective successors and assigns. Delivery of an executed counterpart of a signature page of this Twelfth Amendment by telecopy shall be as effective as delivery of a manually executed counterpart of this Twelfth Amendment. 
  
 Section 3.05 Severability. 
  
 Any provision of this Twelfth Amendment held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality or enforceability of the remaining provisions hereof, and the
invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
  
 Section 3.06 Governing Law. 
  
 This Twelfth Amendment shall be construed in accordance with and governed by the laws of the State of New York without regard to the conflicts of law
provisions thereof, other than Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York. 
  
 Section 3.07 Headings. 
  
 Article and Section headings used herein are for convenience of reference only, are not part of this Twelfth Amendment and shall not affect the
construction of, or be taken into consideration in interpreting, this Twelfth Amendment. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Twelfth Amendment to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

			
	 FIBERNET OPERATIONS, INC.

		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 
	
	DEVNET L.L.C.
		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 

  
 [SIGNATURES
CONTINUED ON NEXT PAGE] 
  

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	 DEUTSCHE BANK AG NEW YORK
 BRANCH, as a Lender

		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 
		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 
	
	WACHOVIA INVESTORS, INC., as a Lender
		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 
	
	IBM CREDIT LLC, as a Lender
		
	By:	 	 
	 	 	

	 Name:
	 	 
	 Title:
	 	 

  

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