Document:

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                                                                   EXHIBIT 10.44

UFP
TECHNOLOGIES
172 East Main Street
Georgetown, MA  01833
tel. 978-352-2200 / fax 978-352-5616

                                                              February 20, 2001

Mr. Jeffrey L. Berkowitz
Cramer, Berkowitz Partners, L.P.
40 Fulton Street, 24th Floor
New York, NY  10038

RE:  Agreement Letter to Purchase 300,000 Shares of UFPT Stock

Dear Mr. Berkowitz:

     The purpose of this letter is to set forth our agreement with respect to
the purchase by UFP Technologies, Inc. ("UFP") of 300,000 shares of the common
stock (the "Common Stock") of UFP from the persons listed on Schedule A hereto
(the "Sellers").

     1. Subject to the approval of UFP's Board of Directors, UFP hereby agrees
to purchase 300,000 shares of Common Stock (the "Stock") from the Sellers
pursuant to the terms hereof at a price equal to the lesser of (a) $1.75 per
share and (b) the closing price of UFP stock as reported on the NASDAQ National
Market on Tuesday, February 20, 2001. Upon notice of satisfaction of the
conditions set forth in this Section 1, the Sellers shall deliver promptly to
UFP certificates representing the Stock, endorsed in blank and in proper form
for transfer (the "Certificates"). Upon receipt of the Certificates, UFP shall
wire the purchase price for the Stock in accordance with your written
instructions.

     2. The Sellers hereby represent and warrant that: (i) the Sellers own, hold
and have good and marketable title to all the Stock, free and clear of any and
all liens, pledges and encumbrances of any kind, (ii) the Sellers have
beneficially owned the Stock for more than two years prior to the date of this
Agreement, (iii) the Sellers are authorized to enter into this Agreement and the
transactions contemplated hereby and (iv) the Sellers' execution of this
Agreement and performance of the Sellers' obligations under this Agreement will
not violate, breach or conflict with any agreements or court orders to which the
Sellers are subject.

     3. The Sellers hereby further acknowledge: (i) that the Sellers approached
UFP and proposed that UFP repurchase the Stock; (ii) that UFP from time to time
considers strategic alliances, joint ventures and acquisitions, as well as share
buy-back, going-private and change-of-control transactions; and (iii) that there
may be material, nonpublic information regarding UFP that has not been disclosed
to the Sellers and that could dramatically increase or decrease the value of the
Stock, such as information concerning transactions like those described above or
other matters, such as product introductions, new customers or changes in the
competitive landscape.

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UFP Technologies, Inc. - Cramer, Berkowitz Partners, L.P.
Agreement Letter to Purchase 300,000 Shares of UFPT Stock
                                                       February 20, 2001, page 2
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     4. The Sellers, on their behalf and on behalf of each of their affiliates,
hereby release and forever discharge UFP, and each of UFP's respective past,
present and future representatives, affiliates, stockholders, directors,
officers, controlling persons, subsidiaries, successors and assigns
(individually, a "Releasee" and collectively, "Releasees") from any and all
claims, demands, proceedings, causes of action, orders, obligations, contracts,
agreements, debts and liabilities whatsoever, whether known or unknown,
suspected or unsuspected, both at law and in equity and which the Sellers or any
of the Sellers' respective affiliates now have, have ever had or may hereafter
have against the respective Releases arising by virtue of the sale of Stock
hereunder.

     5. This Agreement constitutes the entire agreement between the parties. No
amendment of any provision of this Agreement shall be valid unless the same
shall be in writing and signed by all of the parties. No waiver by any party of
any default, misrepresentation or breach of warranty or a covenant hereunder,
whether intentional or not, shall be effective unless in writing and signed by a
person duly authorized to waive the interests of such party. No such waiver
shall be deemed to extend to any prior or subsequent default, misrepresentation
or breach of warranty or covenant hereunder or affect in any way any rights
arising by virtue of any prior or subsequent such occurrence. This Agreement may
be executed in multiple counterparts, each of which shall be deemed an original
but all of which together shall constitute one and the same instrument. This
Agreement shall be governed by and construed in accordance with the laws of The
Commonwealth of Massachusetts, regardless of the laws that might otherwise
govern under applicable conflicts of laws thereof.

If the agreement set forth herein is acceptable to you, please sign below where
indicated.

Sincerely,
UFP TECHNOLOGIES, INC.

By: /s/ R. Jeffrey Bailly
    ---------------------
       R. Jeffrey Bailly, President & CEO   Accepted and Agreed:

                                            CRAMER, BERKOWITZ PARTNERS, L.P.

                                            By: /s/ Jeffrey L. Berkowitz
                                                --------------------------------
                                                Jeffrey L. Berkowitz

                                            BERKOWITZ CAPITAL & CO., L.L.C.

                                            By: /s/ Jeffrey L. Berkowitz
                                                --------------------------------
                                                Jeffrey L. Berkowitz

                                            J.L. BERKOWITZ & CO., L.L.C.

                                            By: /s/ Jeffrey L. Berkowitz
                                                --------------------------------
                                                Jeffrey L. Berkowitz

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UFP Technologies, Inc. - Cramer, Berkowitz Partners, L.P.
Agreement Letter to Purchase 300,000 Shares of UFPT Stock
                                                       February 20, 2001, page 3
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                                   SCHEDULE A

                        Cramer, Berkowitz Partners, L.P.
                         Berkowitz Capital & Co., L.L.C.
                          J.L. Berkowitz & Co., L.L.C.<PAGE>

                             LEASE AMENDMENT NO. 1

        THIS LEASE AMENDMENT NO. 1 (the "AMENDMENT") is made and entered as of
March ___, 2000, by and between COLLINS CROSSING, LTD., a Texas limited
partnership ("LANDLORD"), and INET TECHNOLOGIES, INC., a Delaware corporation
("TENANT").  All terms used herein and not otherwise defined shall have the
meanings ascribed to them in the hereinafter defined Lease.

                             W I T N E S S E T H:

        WHEREAS, Landlord and Tenant entered into that certain Lease dated
January ___, 2000 (the "LEASE"), said Lease covering certain premises
described as Suite Nos. 100, 200, 800, 900, 1000, and 1100 and containing
162,402 rentable square feet (the "EXISTING PREMISES"), located in the office
building on the land containing approximately 5.3394 acres located in
Richardson, Dallas County, Texas, and whose street address is 1500 N.
Greenville Avenue, Richardson, Dallas County, Texas (the "BUILDING"); and

        WHEREAS, pursuant to EXHIBIT H of the Lease (Must-Take Expansion
Obligation), Tenant desires to additionally lease from Landlord the entire
seventh (7th) floor of the Building (Suite 700), containing 27,697 rentable
square feet (the "ADDITIONAL PREMISES"), and Landlord desires to lease to
Tenant the Additional Premises on the terms and conditions hereinafter set
forth;

        NOW, THEREFORE, for and in consideration of the foregoing recitals,
Ten and No/100 Dollars ($10.00) in hand paid, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord and Tenant hereby agree as follows:

        1.      ADDITIONAL PREMISES; TENANT'S PROPORTIONATE SHARE.   Landlord
hereby leases to Tenant, and Tenant hereby leases from Landlord, the
Additional Premises on the terms and conditions of the Lease, as modified
hereby.  From and after the Effective Date (as hereinafter defined) and
throughout the Term, (a) the term "PREMISES", as used in the Lease, shall
refer collectively to the Existing Premises and the Additional Premises,
except as herein otherwise provided, and (b) Tenant's Proportionate Share
shall be increased to 63.1795%, which is the percentage obtained by dividing
the rentable square feet in the Premises (190,099) by the number of rentable
square feet in the Building (300,887).

        2.      TERM; ACCEPTANCE. The Term for the Additional Premises shall
commence on August 1, 2000 (the "EFFECTIVE DATE") and shall be coterminous
with the Term for the Existing Premises (the "ADDITIONAL PREMISES TERM"). If
the Completion Date as to the Additional Premises has not occurred by August
1, 2000 due to Landlord's Delays, then (a) Tenant's obligation to pay Rent as
to the Additional Premises shall be waived for the number of days that the
Completion Date as to the Additional Premises is delayed beyond the August 1,
2000 due to Landlord's Delays, (b) Landlord shall not be in default hereunder
or be liable for damages therefor, and (c) Tenant shall accept possession of
the Additional Premises when Landlord tenders possession thereof to Tenant.
By occupying the Additional Premises, Tenant shall be deemed to have accepted
the Additional Premises in their condition as of the date of such occupancy,
subject to the performance of punch-list items that remain to be performed by
Landlord, if any.  Tenant shall execute and deliver to Landlord, within ten
(10) days after Landlord has requested same, a letter confirming (1) the
Effective Date, (2) that Tenant has accepted the Additional Premises, and (3)
that Landlord has performed all of its obligations with respect to the
Additional Premises (except for punch-list items specified in such letter).

        3.      BASIC RENTAL. The annual Basic Rental for the Additional
Premises shall be as follows:

                                        1
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  08/01/00 - 09/30/00: $0.00 per rentable square foot
  10/01/00 - 06/30/05: an annual Basic Rental of $22.00 per rentable square foot
  07/01/05 - 06/30/10: an annual Basic Rental of $24.00 per rentable square foot

In addition, Tenant shall pay its Proportionate Share of Electrical Costs and
Excess with respect to the Additional Premises.

        4.      EXPENSE STOP.  The Expense Stop for the Additional Premises
shall be 2000 base year.

        5.      TENANT FINISH WORK; CONSTRUCTION ALLOWANCE.   Landlord shall
provide to Tenant a Construction Allowance for the Additional Premises in the
same amount per rentable square foot in the Additional Premises as is set
forth in EXHIBIT D (Tenant Finish-Work: Allowance) of the Lease with respect
to the Existing Premises, and the work for the Additional Premises (the
"ADDITIONAL PREMISES WORK") shall be performed generally as provided in
EXHIBIT D (Tenant Finish-Work: Allowance) of the Lease.

        6.      BROKERAGE. Landlord and Tenant each warrant to the other that
it has not dealt with any broker or agent in connection with the negotiation
or execution of this Amendment or the Lease other than Trammell Crow
Dallas/Fort Worth, Inc. and The Staubach Company.  Tenant and Landlord shall
each indemnify the other against all costs, expenses, attorneys' fees, and
other liability for commissions or other compensation claimed by any other
broker or agent claiming the same by, through, or under the indemnifying
party. The commissions of the Staubach Company shall be paid by Landlord if,
as, and when required pursuant to the commission agreement attached as EXHIBIT
N to the Lease.

        7.      RATIFICATION.  Landlord and Tenant hereby ratify and affirm
the Lease and agree that the Lease is and shall remain in full force and
effect, except as expressly amended hereby.

        8.      MISCELLANEOUS.  This Amendment shall be binding upon Landlord
and Tenant and their respective successors and assigns; may be executed in two
or more counterparts, each of which shall be deemed an original, and all of
which together shall constitute one and the same instrument; and shall be
governed by the laws of the State of Texas.

                           [Signature Page Follows]

                                        2

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        EXECUTED as of the date first above written.

LANDLORD:                               COLLINS CROSSING, LTD.,
                                        a Texas limited partnership

                                        By: TCDFW-Collins Crossing, Ltd.,
                                            a Texas limited partnership,
                                            its general partner

                                            By: TCDFW #1, Inc.,
                                                a Delaware corporation,
                                                its sole general partner

                                                By: ___________________________
                                                Name: _________________________
                                                Title: ________________________

TENANT:                                 INET TECHNOLOGIES, INC.,
                                        a Delaware corporation

                                        By:  __________________________________
                                        Name:  ________________________________
                                        Title:  _______________________________

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