Document:

<PAGE>
                                                                   EXHIBIT 10.20

                               EQUIPMENT SCHEDULE
                           (Quasi Lease - Fixed Rate)
                                 SCHEDULE NO. 12
                          DATED THIS NOVEMBER 22, 2005
                            TO MASTER LEASE AGREEMENT
                           DATED AS OF MARCH 27, 1997

LESSOR & MAILING ADDRESS:                LESSEE & MAILING ADDRESS:
-------------------------                -------------------------
GENERAL ELECTRIC CAPITAL CORPORATION     SIGMATRON INTERNATIONAL, INC.
3655 NOBEL DRIVE, SUITE 600              2201 LANDMEIER RD. ATTN: LINDA K. BLAKE
SAN DIEGO, CA 92122                      ELK GROVE VILLAGE, IL 60007

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT", said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes a
separate instrument of lease.

A. EQUIPMENT:  Subject to the terms and conditions of the Lease, Lessor agrees
   to lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>
 NUMBER         CAPITALIZED
OF UNITS       LESSOR'S COST     VENDOR/MANUFACTURER               SERIAL NUMBERS          YEAR/MODEL AND TYPE OF EQUIPMENT
------------------------------------------------------------------------------------------------------------------------------------
<S>            <C>               <C>                               <C>                     <C>
   1            $261,099.50       MYDATA Automation                5472                    2005  Model MY9E Placement Machine
   1            $261,099.50       MYDATA Automation                13498                   2005  Model MY12E Placement Machine
   1             $68,100.00       DEK USA                          287673                  2005  265 Horizon 03I Screen Printer
   1            $110,090.00       Vitronics-Soltec                 X2N100271               2005  Model XPM2 Reflow Soldering System
   1             $44,438.49       A. Marketing & Service Co.       B174169                 2005  TRESTAR Uninteruptable Power Supply
   1            $143,110.41       Asymtek                          18569 (Coater)          2005  Model C-740 Century Selective
                                                                   0905AA-12673-02 (Oven)        Conformal Coating System w/ Oven
</TABLE>

Equipment immediately listed above is located at: Standard Components De Mexico,
Acuna, Mexico 26200

B.   FINANCIAL TERMS
<TABLE>
<S>      <C>                                                       <C>   <C>
1.       Advance Rent (if any):  $ 28,035.92                       6.    Lessee Federal Tax ID No.: 363918470.
2.       Capitalized Lessor's Cost:  $ 887,937.90.                 7.    Last Delivery Date:  NOVEMBER 22, 2005.
3.       Basic Term (No. of Months):  36 Months.                   8.    Daily Lease Rate Factor:  .02508333%.
4.       Basic Term Lease Rate Factor:  3.157419%.                 9.    Interest Rate: 9.03% per annum.
5.       Basic Term Commencement Date:  NOVEMBER 22, 2005         10.    Option Payment:  $ 1.00
</TABLE>

11.  First Termination Date: TWENTY-FOUR (24) months after the Basic Term
     Commencement Date.

12.  Interim Rent: For the period from and including the Lease Commencement Date
     to the Basic Term Commencement Date ("INTERIM PERIOD"), Lessee shall pay as
     rent ("INTERIM RENT") for each unit of Equipment, the product of the Daily
     Lease Rate Factor times the Capitalized Lessor's Cost of such unit times
     the number of days in the Interim Period. Interim Rent shall be due on
     Basic Term Commencement Date.

13.  Basic Term Rent. Commencing on Nov. 22, 2005 and on the same day of each
     month thereafter (each, a "RENT PAYMENT DATE") during the Basic Term,
     Lessee shall pay as rent ("BASIC TERM RENT") the product of the Basic Term
     Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on
     this Schedule.

14.  Lessee agrees and acknowledges that the Capitalized Lessor's Cost of the
     Equipment as stated on the Schedule is equal to the fair market value of
     the Equipment on the date hereof.

<PAGE>

15.  Adjustment to Capitalized Lessor's Cost. Lessee hereby irrevocably
     authorizes Lessor to adjust the Capitalized Lessor's Cost up or down by no
     more than ten percent (10%) to account for equipment change orders,
     equipment returns, invoicing errors and similar matters. Lessee
     acknowledges and agrees that the Rent shall be adjusted as a result of such
     change in the Capitalized Lessor's Cost. Lessor shall send Lessee a written
     notice stating the final Capitalized Lessor's Cost, if different from that
     disclosed on this Schedule.

C.   INTEREST RATE: Interest shall accrue from the Lease Commencement Date
     through and including the date of termination of the Lease.

D.   PROPERTY TAX

     APPLICABLE TO EQUIPMENT LOCATED IN ACUNA, MEXICO: Lessee agrees that it
     will (a) list all such Equipment, (b) report all property taxes assessed
     against such Equipment and (c) pay all such taxes when due directly to the
     appropriate taxing authority until Lessor shall otherwise direct in
     writing. Upon request of Lessor, Lessee shall promptly provide proof of
     filing and proof of payment to Lessor.

     Lessor may notify Lessee (and Lessee agrees to follow such notification)
     regarding any changes in property tax reporting and payment
     responsibilities.

E.   ARTICLE 2A NOTICE

     IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL
     CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
     DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE PERSON(S)
     SUPPLYING THE EQUIPMENT IS MYDATA AUTOMATION, INC., DEK USA INC.,
     VITRONICS-SOLTEC, A. MARKETING & SERVICE CO., ASYMTEK (THE "SUPPLIER(S)"),
     (B) LESSEE IS ENTITLED TO THE PROMISES AND WARRANTIES, INCLUDING THOSE OF
     ANY THIRD PARTY, PROVIDED TO THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING
     THE EQUIPMENT IN CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH LESSOR
     ACQUIRED THE EQUIPMENT AND (C) WITH RESPECT TO SUCH EQUIPMENT, LESSEE MAY
     COMMUNICATE WITH SUPPLIER(S) AND RECEIVE AN ACCURATE AND COMPLETE STATEMENT
     OF SUCH PROMISES AND WARRANTIES, INCLUDING ANY DISCLAIMERS AND LIMITATIONS
     OF THEM OR OF REMEDIES. TO THE EXTENT PERMITTED BY APPLICABLE LAW, LESSEE
     HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES CONFERRED UPON A LESSEE IN
     ARTICLE 2A AND ANY RIGHTS NOW OR HEREAFTER CONFERRED BY STATUTE OR
     OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR'S RIGHTS OR REMEDIES
     UNDER THE DEFAULT SECTION OF THE AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

<TABLE>
<CAPTION>
                        Stipulated                             Stipulated                              Stipulated
    # of   termination        Loss           # of  termination       Loss          # of  termination         Loss
    base         value       Value           base       value       Value          base        value        Value
payments     % of cost   % of cost       payments   % of cost   % of cost      payments    % of cost    % of cost
<S>         <C>         <C>              <C>       <C>          <C>            <C>       <C>            <C>
  1                        103.799         13                      72.441        25           36.214       38.225
  2                        101.289         14                      69.703        26           33.306       35.236
  3                         98.761         15                      66.944        27           30.377       32.226
  4                         96.214         16                      64.165        28           27.425       29.193
  5                         93.649         17                      61.366        29           24.452       26.138
  6                         91.065         18                      58.547        30           21.456       23.061
  7                         88.462         19                      55.707        31           18.437       19.961
  8                         85.840         20                      52.846        32           15.396       16.839
  9                         83.199         21                      49.964        33           12.332       13.694
 10                         80.539         22                      47.061        34            9.244       10.525
 11                         77.859         23                      44.137        35            6.134        7.334
 12                         75.160         24                      41.192        36            3.000        4.119
</TABLE>

*    The Stipulated Loss Value or Termination Value for any unit of Equipment
     shall be the Capitalized Lessor's Cost of such unit multiplied by the
     appropriate percentage derived from the above table. In the event that the
     Lease is for any reason extended, then the last percentage figure shown
     above shall control throughout any such extended term.
<PAGE>

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY

     The LEASING Section subsection (a) of the Lease is hereby deleted in its
     entirety and the following substituted in its stead:

     a) Subject to the terms and conditions set forth below, Lessor agrees to
     lease to Lessee, and Lessee agrees to lease from Lessor, the equipment
     ("Equipment") described in Section A of any schedule hereto ("Schedule).
     Terms defined in a Schedule and not otherwise defined herein shall have the
     meanings ascribed to them in such Schedule.

     1. LEASE TERM OPTIONS

     Lessee hereby irrevocably agrees to purchase the Equipment upon the
     expiration of the Basic Term. Lessee shall pay the Lessor the purchase
     price of One dollar ($1.00) in cash for the Equipment, on Nov. 22, 2008.

     SO LONG AS NO DEFAULT SHALL HAVE OCCURRED AND BE CONTINUING, THE EQUIPMENT
     SHALL BE SOLD TO LESSEE AND POSSESSION MADE AVAILABLE TO LESSEE "AS-IS" AND
     "WHERE-IS"; LESSOR WILL NOT MAKE ANY REPRESENTATION OR WARRANTY, EXPRESS OR
     IMPLIED, INCLUDING, BUT NOT LIMITED TO ANY WARRANTY AS TO FITNESS FOR ANY
     PARTICULAR OR OTHER PURPOSE, MERCHANTABILITY, OR PATENT INFRINGEMENT,
     EXCEPT THAT LESSOR SHALL HAVE THE RIGHT TO SELL THE EQUIPMENT AND SHALL
     TRANSFER TO LESSEE GOOD TITLE FREE AND CLEAR OF ANY SUPERIOR LIEN OR
     ENCUMBRANCE CREATED BY LESSOR. LESSEE IS LIABLE FOR ANY TAXES PAYABLE AS A
     RESULT OF THIS SALE.

     Lessor, Lessee and GE Capital Bank, S.A. Institucion de Banca Multiple,
     Grupo Financiero GE Capital ("Trustee") are parties to the Administration
     Trust Agreement, dated November 23, 1998, to secure Lessee's obligations to
     Lessor under this Agreement. Lessee further agrees that it will not raise
     the absence of formal determination of default by a court or other tribunal
     as a defense to any action by the Trustee following a default by Lessee
     under the Lease. Lessor and Lessee further agree that the term of the Lease
     shall govern the resolution of any dispute between Lessor and Lessee
     relating to the Equipment.

H. PAYMENT AUTHORIZATION

     You are hereby irrevocably authorized and directed to deliver and apply the
     proceeds due under this Schedule as follows:

<TABLE>
<CAPTION>
        COMPANY NAME                       ADDRESS                          AMOUNT
-----------------------------------------------------------------------------------------
<S>                                        <C>                              <C>
        MYDATA Automation Inc.             320 Newburyport Turnpike         $ 417,759.20
                                           Rowley, MA  01969

        DEK USA Inc.                       8 Bartles Corner Road            $  68,100.00
                                           Flemington, NJ  08822

        Vitronics-Soltec                   2 Marin Way                      $ 110,090.00
                                           Stratham, NH  03885

        A. Marketing & Service Co.         P. O. Box 681195                 $  44,438.49
                                           San Antonio, TX  78268

        Asymtek                            2762 Loker Avenue West           $ 143,110.41
                                           Carlsbad, CA  92008

        Sigmatron International, Inc.      2201 Landmeier Road              $ 104,439.80
                                           Elk Grove Village, IL  60007
</TABLE>

     This authorization and direction is given pursuant to the same authority
authorizing the above-mentioned financing.

<PAGE>

     PURSUANT TO THE PROVISIONS OF THE LEASE, AS IT RELATES TO THIS SCHEDULE,
LESSEE HEREBY CERTIFIES AND WARRANTS THAT (I) ALL EQUIPMENT LISTED ABOVE IS IN
GOOD CONDITION AND APPEARANCE, HAS BEEN DELIVERED AND INSTALLED (IF APPLICABLE)
AS OF THE DATE STATED ABOVE AND IN WORKING ORDER, AND COPIES OF THE BILL(S) OF
LADING OR OTHER DOCUMENTATION ACCEPTABLE TO LESSOR WHICH SHOW THE DATE OF
DELIVERY ARE ATTACHED HERETO; (II) LESSEE HAS INSPECTED THE EQUIPMENT, AND ALL
SUCH TESTING AS IT DEEMS NECESSARY HAS BEEN PERFORMED BY LESSEE, SUPPLIER OR THE
MANUFACTURER; AND (III) LESSEE ACCEPTS THE EQUIPMENT FOR ALL PURPOSES OF THE
LEASE AND ALL ATTENDANT DOCUMENTS.

     LESSEE DOES FURTHER CERTIFY, AND LESSOR HEREBY WAIVES ANY REQUIREMENT OF A
SEPARATE CERTIFICATE OF ACCEPTANCE, THAT AS OF THE DATE HEREOF (I) LESSEE IS NOT
IN DEFAULT UNDER THE LEASE; AND (II) THE REPRESENTATIONS AND WARRANTIES MADE BY
LESSEE PURSUANT TO OR UNDER THE LEASE ARE TRUE AND CORRECT ON THE DATE HEREOF.

     Lessee hereby authorizes Lessor to file a financing statement and
amendments thereto describing the Equipment described in this Schedule and
adding any other collateral described herein and containing any other
information required by the applicable Uniform Commercial Code. Further, Lessee
irrevocably grants to Lessor the power to sign Lessee's name and generally to
act on behalf of Lessee to execute and file financing statements and other
documents pertaining to any or all of the Equipment.

     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding or
effective with respect to the Agreement or Equipment until executed on behalf of
Lessor and Lessee by authorized representatives of Lessor and Lessee,
respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                        LESSEE:
GENERAL ELECTRIC CAPITAL CORPORATION           SIGMATRON INTERNATIONAL, INC.

By:   /s/ Rakesh Mital                         By:    /s/ Linda K. Blake
   ----------------------------------             ------------------------------

Name: Rakesh Mital                             Name:  Linda K. Blake
     --------------------------------               ----------------------------

Title: Chief Risk Officer                      Title: CFO
      -------------------------------                ---------------------------<PAGE>
                                                                   EXHIBIT 10.37

                     Summary of 2006 Director's Compensation

         FEE STRUCTURE. In 2006, each Outside Director will be paid an annual
retainer fee of $50,000 for service on the Board of Directors. In general, 100%
of the retainer fee is to be paid in the form of common stock equivalents, as
described below. A director may elect, however, to have up to 40%, or $20,000,
of the fee paid in cash. The Outside Directors will also receive meeting
attendance fees, committee chair and membership fees, and reimbursement of their
expenses for attending meetings of the Board of Directors and its committees.
The fees are generally paid in cash, but at the option of the director may be
paid in directors' stock equivalents. Outside Directors will receive $1,000 for
each in-person meeting of the Board of Directors attended, and $500 for each
telephonic meeting. Outside Directors who are members of the Audit Committee and
Compensation/Nominating/ Governance Committee will receive $1,000 for each
in-person meeting, and $500 for each telephonic meeting attended. Each Outside
Director who serves as a Chairman of the Audit Committee or the
Compensation/Nominating/Governance Committee will be paid a fee of $8,000 per
chairmanship. Also, the lead independent director will be paid a $6,000 retainer
fee for serving as the chairman and primary spokesman when the Board of
Directors meets in executive session. Outside Directors who serve as members of
the Audit Committee or Compensation/Nominating/Governance Committee will be paid
$4,000 per committee membership. Members of the Three-year Independent Director
Evaluation Committee will receive $1,000 for each meeting of that committee
attended.

    COMMON STOCK EQUIVALENTS/RESTRICTED STOCK. As described above, all or a
portion of an Outside Director's retainer fee is generally paid in common stock
equivalent units. These directors' stock equivalents are payable in cash or, at
the Company's option, shares of common stock after an Outside Director ceases to
serve as a director. Final distribution of these amounts may be made either in a
lump sum or in installments over a period of years. The directors' stock
equivalents are issued at 100% of the fair market value on the date of the
grant.

    In addition, in December 2005, each of the Company's then Outside Director
received 3,500 shares of restricted stock, which vests on the first anniversary
of the date of grant.

    DEFERRED COMPENSATION PLAN. The Company has a voluntary deferred
compensation plan for Outside Directors. Under the plan, an Outside Director may
elect, prior to commencement of the next calendar year, to have some or all of
the cash portion, that is, up to 40%, or $20,000, of his or her retainer fee and
some or all of his or her meeting fees credited to a deferred compensation
account. The plan provides these directors with various investment options. The
investment options include stock equivalent units of the Company's common stock,
which may be paid out in either cash or, at the Company's option, shares of
common stock.

<PAGE>

         RESTRICTED STOCK. In partial satisfaction of residual obligations under
the discontinued retirement plan for directors, Ms. Eickhoff-Smith receives an
annual grant of $15,400 in value of restricted shares of the Company's common
stock. The restricted shares may not be sold, transferred, assigned, pledged or
otherwise encumbered and are subject to forfeiture if she ceases to serve on the
Board prior to the expiration of the restricted period. This restricted period
ends upon Ms. Eickhoff-Smith's normal retirement from the Board, unless she is
disabled or dies, or the Compensation/Nominating/Governance Committee of the
Board, at its discretion, determines otherwise. During the restricted period,
Ms. Eickhoff-Smith will be entitled to vote the shares and receive dividends.

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