Document:

Exhibit 10.2

 

AMENDMENT TO BACKSTOP AGREEMENT

 

This Amendment to Backstop
Agreement (the “Amendment”) is made as of June 11, 2019, by and between SMTC Corporation, a Delaware corporation
(the “Company”), and Gregory Weaver (“GW”). Capitalized terms used but not otherwise defined
herein shall have the respective meanings ascribed to them in the Agreement (as defined below).

 

WHEREAS, the
Company and GW are parties to a Backstop Agreement (the “Agreement”), dated as of May 29, 2019, with respect
to GW’s commitment to purchase a number of shares of Common Stock having an aggregate dollar value equal to $750,000, at
a price per share equal to the Subscription Price (the “Total Subscription”);

 

WHEREAS, each
of the Company and GW wish to amend the Agreement to provide for the payment of the Backstop Fee (as defined below) to GW and to
make such other changes as are set forth in Section 1 of this Amendment; and

 

WHEREAS, each
of the Company and GW, by executing this Amendment, hereby consent to the amendment of the Agreement, on the terms and conditions
set forth herein.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

Section 1   
Amendment to Agreement.

 

(a)           
Section 2 of the Agreement is hereby amended by replacing the final sentence of Section 2 with the following:

 

“At the Closing, (A)
the Company shall deliver to GW (i) the certificates evidencing the shares of Common Stock subscribed for pursuant to Section 1
(or, if GW shall so request in writing at least three (3) business days before the Closing, such shares of Common Stock shall be
delivered in electronic format), and (ii) the Backstop Fee, via wire transfer in accordance with the instructions provided by GW
to the Company at least three (3) business days before the Closing, which, for the avoidance of doubt, shall be paid irrespective
of the amount of the Over-Subscription Amount, and (B) the Subscription Agent shall disburse to the Company (i) the Basic Subscription
Amount, (ii) the Over-Subscription Amount and, if any, (iii) the Backstop Amount.”

 

(b)          
Section 8 of the Agreement is hereby amended by inserting the following defined term immediately following the definition
of “Backstop Amount”:

 

“Backstop Fee”
means the amount calculated as follows: two percent (2%) of the Total Subscription, payable in cash.

 

    

     

    

(c)           
Section 8 of the Agreement is hereby further amended by replacing the defined term “Backstop Commitment” with
the defined term “Total Subscription” in the definition of “Total Offering Backstop Amount.”

 

Section 2   
Representations and Warranties of the Company. As a material inducement to GW to enter into this Amendment, the Company
hereby represents and warrants that:

 

(a)           
Authorization; No Breach; Compliance with Laws. The execution, delivery and performance of this Amendment and any
other agreement contemplated hereby to which the Company is a party have been duly authorized by the Company. The execution, delivery
and performance of this Amendment by the Company and the consummation of the transactions contemplated hereby will not (i) conflict
with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage,
deed of trust, loan agreement or other agreement or instrument to which the Company is a party or by which the Company is bound
or to which any of the property or assets of the Company is subject, (ii) result in any violation of the provisions of the charter
or by-laws of the Company or (iii) result in any violation of any statute, including, without limitation, the (x) Delaware General
Corporation Law, (y) any applicable securities laws, or (z) any order, rule or regulation of any court or governmental agency or
body having jurisdiction over the Company or any of its properties or assets. Except for the registration of the offer and sale
of the Rights under the Securities Act and such consents, approvals, authorizations, registrations or qualifications as may be
required under the Exchange Act and applicable state securities laws in connection with the Rights Offering, no consent, approval,
authorization or order of, or filing or registration with, any such court or governmental agency or body is required for the execution,
delivery and performance of this Amendment by the Company and the consummation of the transactions contemplated hereby.

 

(b)          
Bring-Down. The representations and warranties of the Company contained in the Agreement are true and correct on
and as of the date hereof with the same effect as if made on the date hereof.

 

Section 3   
Representations and Warranties of GW. As a material inducement to the Company to enter into this Amendment, GW hereby
represents and warrants that:

 

(a)           
Authorization; No Breach. The execution of this Amendment by GW and the consummation by GW of the transactions contemplated
hereby will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default
under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which GW is a party or by which
GW is bound or to which any of its property or assets is subject, nor will such actions result in any violation of the provisions
of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over GW or its
property or assets in each case in a manner that would adversely impact GW’s ability to subscribe for the Rights hereunder;
and, except for the registration of the offer and sale of the Rights under the Securities Act and such consents, approvals, authorizations,
registrations or qualifications as may be required under the Exchange Act and applicable state securities laws in connection with
the Rights Offering, no consent, approval, authorization or order of, or filing or registration with, any such court or governmental
agency or body is required for the execution, delivery and performance of this Amendment by GW and the consummation by GW of the
transactions contemplated hereby in each case in a manner that would adversely impact GW’s ability to subscribe for the Rights
and perform its obligations hereunder.

 

    -2-

     

    

(b)          
Bring-Down. The representations and warranties of GW contained in the Agreement are true and correct on and as of
the date hereof with the same effect as if made on the date hereof.

 

Section 4   
Effectuation. The amendments contemplated by this Amendment shall be deemed effective upon the execution of this Amendment
by the parties hereto. There are no conditions precedent or subsequent to the effectiveness of this Amendment.

 

Section 5   
Miscellaneous.

 

(a)           
Effect on Agreement. Except as specifically modified herein, the Agreement shall continue to be in full force and
effect. The execution and delivery of this Amendment shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any party thereto. From and after the date hereof, all references in the Agreement to the “Agreement”
shall mean the Agreement as modified by this Amendment.

 

(b)          
Further Assurances. Each party to this Amendment shall execute and deliver such documents and shall take such actions
as may be reasonably necessary or desirable to effect the transactions described in this Amendment.

 

(c)           
Survival of Representations and Warranties. All representations and warranties contained herein or made in writing
by any party in connection herewith shall survive the execution and delivery of this Amendment and the consummation of the transactions
contemplated hereby.

 

(d)          
Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Amendment is held to be invalid, illegal or unenforceable in any respect
under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Amendment shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

 

(e)           
Construction. Whenever the context requires, each term stated in either the singular or the plural shall include
the singular and the plural, and pronouns stated in either the masculine, the feminine or the neuter gender shall include the masculine,
feminine and neuter. All references to Sections refer to sections of the Amendment or the Agreement, as applicable. The use of
the word “including” in this Amendment shall be by way of example rather than limitation.

 

(f)           
Counterparts; Facsimile Signature. This Amendment may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute
one and the same Amendment. This Amendment may be executed by facsimile signature.

 

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(g)          
Governing Law. This Amendment will be governed in all respects by the laws of the State of Delaware, without regard
to the principles of conflicts of law of such state.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Amendment to Backstop Agreement on the date first written above.

 

 

 

		 	
        SMTC CORPORATION

         

        By:  /s/ Edward Smith     

Name: Edward Smith

Title: President and Chief Executive Officer

         

        GREGORY A. WEAVER

 

By:  /s/ Gregory A. Weaver     

Name: Gregory A. Weaver

         

 

 

 

 

 

 

 

-5-Exhibit 10.3

 

BACKSTOP AGREEMENT

 

This Backstop Agreement
(the “Agreement”) is made as of June 13, 2019 by and between SMTC Corporation, a Delaware corporation (the “Company”)
and DNY US Invest Corp. (“DNY”). Except as otherwise indicated herein, capitalized terms used herein are defined
in Section 8 hereof.

 

WHEREAS, the
Company has determined to conduct a rights offering (the “Rights Offering”) to allow its stockholders and the
holders of the Company’s 2018 warrants (the “2018 Warrants Holders”, and together with the stockholders,
the “Holders”) (as of record on May 24, 2019) the right to purchase shares of its common stock, par value $0.01
per share (the “Common Stock”), in proportion to the number of shares of Common Stock that each Holder of the
Company owns (and in the case of the 2018 Warrants Holders, the shares exercisable by the 2018 Warrants Holders) as of the record
date (each a “Right” and, collectively, the “Rights”), at a price per share of $3.14, which
is equal to that offered to Holders in the Rights Offering (the “Subscription Price”), as to be further described
in a registration statement filed by the Company with the Commission, the related prospectus to be filed with the Commission (collectively,
the “Shelf Takedown Documents”) and the offering materials related thereto to be provided to Holders (together,
with the Shelf Takedown Documents, the “Offering Documents”); and

 

WHEREAS, DNY
has committed to purchase a number of shares of Common Stock having an aggregate dollar value equal to $1,000,000, at a price per
share equal to the Subscription Price (the “Backstop Commitment”).

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

Section 1   
Subscription Commitment.

 

(a)           
Material Terms of the Rights Offering. The material terms of the Rights Offering shall be as set forth in the Offering
Documents, which will reflect the material terms set forth on Exhibit A. DNY, with respect to the Common Stock it agrees
to purchase hereunder, shall be afforded substantially the same rights, privileges and preferences (including the benefit of any
representations and warranties) as those afforded to the Holders pursuant to the Offering Documents.

 

(b)          
Backstop Commitment. Pursuant to the terms and subject to the conditions of this Agreement, in connection with the
Rights Offering, DNY hereby agrees to purchase a number of shares of Common Stock, at a price per share equal to the Subscription
Price, having an aggregate dollar value equal to the Backstop Amount. As soon as reasonably practicable following the expiration
date for receipt of subscriptions to the Rights Offering (the “Response Deadline”), the Company and the Subscription
Agent shall determine the Backstop Amount and provide notice thereof to DNY. DNY hereby agrees to tender the Backstop Amount to
the Subscription Agent, within three (3) business days of receipt of notice of the Backstop Amount described above (“Subscription
Deadline”), in accordance with the directions of the Subscription Agent, with such amounts to be applied to satisfy the
commitment obligations set forth herein.

 

    

     

    

(c)           
Cutback. Upon written notice to DNY, the Company may reduce the Backstop Amount to a number, expressed in dollars,
calculated by subtracting from the Total Offering Size the following: (i) the dollar value of all shares purchased by participants
in the Rights Offering other than DNY (exclusive of any other backstop commitments from other participants in the Rights Offering)
plus (ii) the Pro Rata Backstop Participation of all parties other than DNY multiplied by the Total Offering Backstop.
To the extent the Backstop Amount is reduced, the Subscription Agent shall return unused funds to DNY.

 

Section 2   
The Closing. Except as otherwise set forth in the Offering Documents, the closing of DNY’s subscription for the
Backstop Amount shall take place as soon as reasonably practicable following the Subscription Deadline at a place mutually agreeable
to the Company and DNY (the “Closing”). At the Closing, (A) the Company shall deliver to DNY (i) the certificates
evidencing the shares of Common Stock subscribed for pursuant to Section 1 (or, if DNY shall so request in writing at least three
(3) business days before the Closing, such shares of Common Stock shall be delivered in electronic format), and (ii) the Backstop
Fee, via wire transfer in accordance with the instructions provided by DNY to the Company at least three (3) business days before
the Closing, which, for the avoidance of doubt, shall be paid irrespective of the amount of the final Backstop Amount, and (B)
the Subscription Agent shall disburse to the Company the Backstop Amount.

 

Section 3   
Representations and Warranties of the Company. As a material inducement to DNY to enter into this Agreement and subscribe
for the Rights, the Company hereby represents and warrants that:

 

(a)           
Organization and Corporate Power. The Company is a corporation duly organized, validly existing and in good standing
under the laws of Delaware and is qualified to do business in every jurisdiction in which its ownership of property or conduct
of business requires it to qualify. The Company has all requisite corporate power and authority and all material licenses, permits
and authorizations necessary to own and operate its properties and to carry on its business as now conducted and presently proposed
to be conducted, and all requisite corporate power and authority to carry out the transactions contemplated by this Agreement,
including, without limitation, the Rights Offering.

 

(b)          
Capital Stock. All of the issued and outstanding shares of capital stock of the Company have been duly and validly
authorized and issued. The Company has reserved sufficient authorized but unissued shares of Common Stock to consummate the Rights
Offering on the terms set forth on Exhibit A hereto and the transactions contemplated hereby. All shares of Common Stock
to be purchased by DNY from the Company pursuant to this Agreement have been duly authorized for issuance and sale pursuant to
this Agreement and, when issued and delivered by the Company pursuant to this Agreement against payment therefor, will be validly
issued, fully paid and nonassessable.

 

(c)           
Authorization; No Breach; Compliance with Laws. The execution, delivery and performance of this Agreement and any
other agreement contemplated hereby to which the Company is a party have been duly authorized by the Company. The execution, delivery
and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby will not (i) conflict
with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage,
deed of trust, loan agreement or other agreement or instrument to which the Company is a party or by which the Company is bound
or to which any of the property or assets of the Company is subject, (ii) result in any violation of the provisions of the charter
or by-laws of the Company or (iii) result in any violation of any statute, including, without limitation, the (x) Delaware General
Corporation Law, (y) any applicable securities laws, or (z) any order, rule or regulation of any court or governmental agency or
body having jurisdiction over the Company or any of its properties or assets. Except for the registration of the offer and sale
of the Rights under the Securities Act and such consents, approvals, authorizations, registrations or qualifications as may be
required under the Exchange Act and applicable state securities laws in connection with the Rights Offering, no consent, approval,
authorization or order of, or filing or registration with, any such court or governmental agency or body is required for the execution,
delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby.

 

    -2-

     

    

(d)          
Broker’s Fees. There is no investment banker, broker, finder or other intermediary or advisor that has been
retained by or is authorized to act on behalf of the Company or any of its Affiliates who might be entitled to any fee, commission
or reimbursement of expenses from DNY as a result of the consummation of the transactions contemplated hereby (including, without
limitation, the Rights Offering).

 

Section 4   
Representations and Warranties of DNY. As a material inducement to the Company to enter into this Agreement, DNY hereby
represents and warrants that:

 

(a)           
Organization and Power. DNY is a corporation duly organized, validly existing and in good standing and is qualified
to do business in every jurisdiction in which its ownership of property or conduct of business requires it to qualify. DNY has
all requisite power and authority and all material licenses, permits and authorizations necessary to own and operate its properties
and to carry on its business as now conducted and presently proposed to be conducted.

 

(b)          
Authorization; No Breach. The execution of this Agreement by DNY and the consummation by DNY of the transactions
contemplated hereby will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute
a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which DNY is a party
or by which DNY is bound or to which any of its property or assets is subject, nor will such actions result in any violation of
the provisions of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction
over DNY or its property or assets in each case in a manner that would adversely impact DNY’s ability to subscribe for the
Rights hereunder; and, except for the registration of the offer and sale of the Rights under the Securities Act and such consents,
approvals, authorizations, registrations or qualifications as may be required under the Exchange Act and applicable state securities
laws in connection with the Rights Offering, no consent, approval, authorization or order of, or filing or registration with, any
such court or governmental agency or body is required for the execution, delivery and performance of this Agreement by DNY and
the consummation by DNY of the transactions contemplated hereby in each case in a manner that would adversely impact DNY’s
ability to subscribe for the Rights and perform its obligations hereunder.

 

    -3-

     

    

(c)           
Broker’s Fees. There is no investment banker, broker, finder or other intermediary or advisor that has been
retained by or is authorized to act on behalf of DNY who might be entitled to any fee, commission or reimbursement of expenses
from either the Company or any of its Affiliates as a result of consummation of the transactions contemplated hereby (including,
without limitation, the Rights Offering).

 

Section 5   
Conditions to Obligations of Each Party to Effect the Closing. The respective obligations of each party to consummate
the transactions contemplated hereby are subject to the satisfaction on or prior to the Closing of each of the following conditions:

 

(a)           
The Shelf Takedown Documents shall have been filed with the Commission and declared effective; no stop order suspending
the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for that purpose shall
have been initiated or threatened by the Commission; and any request of the Commission for inclusion of additional information
in the Shelf Takedown Documents or otherwise shall have been complied with.

 

(b)          
No action, suit or proceeding shall be pending or threatened before any court or quasi-judicial or administrative agency
of any jurisdiction or before any arbitrator wherein an unfavorable judgment, decree, injunction, order or ruling would prevent
the performance of this agreement or any of the transactions contemplated hereby (including, without limitation, the Rights Offering),
declare unlawful the transactions contemplated by this Agreement (including, without limitation, the Rights Offering) or cause
such transactions to be rescinded.

 

(c)           
The Rights Offering shall have been consummated in conformity with the requirements and conditions set forth in the Offering
Documents.

 

Section 6   
Conditions to Obligations of the Company to Effect the Closing. Subject to Section 5 above, the obligations of the Company
to consummate the transactions contemplated hereby are subject to each of the representations and warranties of DNY contained in
this Agreement being true and correct in all material respects as of the date hereof and at and as of the date of the Closing as
if made at and as of such time, except that, to the extent such representations and warranties address matters only as of a particular
date, such representations and warranties shall, to such extent, be true and correct in all material respects at and as of such
particular date as if made at and as of such particular date.

 

Section 7   
Conditions to Obligations of DNY to Effect the Closing. Subject to Section 5 above, the obligations of DNY to consummate
the transactions contemplated hereby and to purchase the Backstop Amount are subject to each of the representations and warranties
of the Company contained in this Agreement being true and correct in all material respects as of the date hereof and at and as
of the date of the Closing as if made at and as of such time, except that, to the extent such representations and warranties address
matters only as of a particular date, such representations and warranties shall, to such extent, be true and correct in all material
respects at and as of such particular date as if made at and as of such particular date.

 

    -4-

     

    

Section 8   
Definitions. For the purposes of this Agreement, the following terms have the meanings set forth below:

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect
common control with such Person. For purposes of this definition, “control” when used with respect to any specified
Person means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by Contract or otherwise, and the terms “controlling” and “controlled”
have meanings correlative of the foregoing.

 

“Backstop
Amount” means a number, expressed in dollars, equal to the Backstop Commitment, as may be adjusted upon the Company’s
and the Subscription Agent’s final determination, as described in Section 1.

 

“Backstop
Fee” means the amount calculated as follows: two percent (2%) of the Backstop Commitment, payable in cash.

 

“Commission”
means the Securities and Exchange Commission or any governmental body or agency succeeding to the functions thereof.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, association, a joint stock company, a trust, a
joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“Pro
Rata Backstop Participation” with respect to any participant in the Total Offering Backstop Amount, is a percentage calculated
as follows: the backstop amount of such participant divided by the Total Offering Backstop Amount.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Subscription
Agent” means Computershare Trust Company, N.A.

 

“Total
Offering Size” means a number, expressed in dollars, equal to the maximum aggregate value of securities offered in the
Rights Offering.

 

“Total
Offering Backstop Amount” means a number, expressed in dollars, equal to the total backstop commitment of all parties
agreeing to provide a backstop to the Rights Offering substantially similar to the Backstop Commitment, as may be reduced by cutback
provisions substantially similar to those set forth in Section 1(e) of this Agreement.

 

Section 9   
Termination. This Agreement may be terminated at any time prior to the Closing, as follows:

 

(a)           
by mutual written consent of the Company and DNY;

 

(b)          
by either the Company or DNY if any governmental entity shall institute any suit or action challenging the validity or legality
of, or seeking to restrain the consummation of, the transactions contemplated by this Agreement (including, without limitation,
the issuance of Rights pursuant to the Rights Offering);

 

    -5-

     

    

(c)           
by the Company, in the event DNY has breached any representation, warranty, or covenant contained in this Agreement, in
any material respect, provided that the Company has notified DNY of the breach, and the breach has continued without cure for a
period of fifteen (15) days after the notice of such breach or for such longer period so long as such breach is curable by DNY
through the exercise of its reasonable efforts, and DNY continues to exercise such reasonable efforts; and

 

(d)          
by DNY, in the event that the Company has breached any representation, warranty, or covenant contained in this Agreement,
in any material respect, provided that DNY has notified the Company of the breach, and the breach has continued without cure for
a period of fifteen (15) days after the notice of such breach or for such longer period so long as such breach is curable by the
Company through the exercise of its reasonable efforts, and the Company continues to exercise such reasonable efforts.

 

Section 10 Miscellaneous.

 

(a)           
Indemnification. Each party hereby releases and agrees to indemnify, defend and hold harmless the other party and
its Affiliates, from and against losses resulting from the breach of any of the representations and warranties provided by such
party hereunder; provided, however, the Company shall not be obligated to indemnify, defend or hold harmless DNY or its Affiliates
to the extent (i) DNY suffers losses arising out of disclosure of material, non-public information by DNY or its Affiliates to
a third party and (ii) such disclosure has not been disclosed to the Company as of the date of this Agreement.

 

(b)          
Successors and Assigns. All covenants and agreements in this Agreement by or on behalf of any of the parties hereto
will bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not;
provided that neither this Agreement nor any of the rights, interests, or obligations hereunder may be assigned by any party without
the prior written consent of the other party.

 

(c)           
Survival of Representations and Warranties. All representations and warranties contained herein or made in writing
by any party in connection herewith shall survive the execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby.

 

(d)          
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

 

(e)           
Construction. Whenever the context requires, each term stated in either the singular or the plural shall include
the singular and the plural, and pronouns stated in either the masculine, the feminine or the neuter gender shall include the masculine,
feminine and neuter. All references to Sections and Paragraphs refer to sections and paragraphs of this Agreement. The use of the
word “including” in this Agreement shall be by way of example rather than limitation.

 

    -6-

     

    

(f)           
Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent
of the parties hereto.

 

(g)          
Counterparts; Facsimile Signature. This Agreement may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute
one and the same Agreement. This Agreement may be executed by facsimile signature.

 

(h)          
Governing Law. This Agreement will be governed in all respects by the laws of the State of Delaware, without regard
to the principles of conflicts of law of such state.

 

(i)            
Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions
of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to
the recipient by reputable express courier service (charges prepaid) or mailed to the recipient by certified or registered mail,
return receipt requested and postage prepaid.

 

[Signature Page Follows]

 

    -7-

     

    

 

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement on the date first written above.

 

 

 

		 	
        SMTC CORPORATION

         

        By:  /s/ Edward Smith     

Name: Edward Smith

Title: President and Chief Executive Officer

         

        DNY US INVEST CORP.

 

By:  /s/ David Hearse     

Name: David Hearse

Title: President / Director

         

 

 

 

    -8-

     

    

EXHIBIT A 

Material Terms of Rights Offering

 

	Issuer	SMTC Corporation

                            

	Rights	Pro rata rights to purchase shares of SMTC Corporation common stock, par value $0.01, by existing stockholders and the 2018 Warrants Holders

         

	Transferability	Non-transferable and non-assignable

         

	Aggregate Offering Price	An amount to be determined by the Company, up to $10,000,000

         

	Offering Price	$3.14 per share

         

	Offered Shares	That number of common shares equal to the amount calculated by dividing the Aggregate Offering Price by the Offering Price

         

	Standby Commitment	DNY commitment to purchase the Backstop Amount

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