SEC Contract Filing

Filing Date: 2018-03-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THIRTEENTH AMENDMENT TO</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REVOLVING CREDIT AND SECURITY AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Thirteenth Amendment
to Revolving Credit and Security Agreement (the <FONT STYLE="font-variant: small-caps">&ldquo;</FONT><U>Amendment</U>&rdquo;) is
made as of this 28<SUP>th</SUP> day of March, 2018 by and among SMTC <FONT STYLE="text-transform: uppercase">Corporation</FONT>,
a Delaware corporation (&ldquo;<U>SMTC</U>&rdquo;), SMTC <FONT STYLE="text-transform: uppercase">Manufacturing Corporation of California</FONT>,
a California corporation (&ldquo;<U>SMTC California</U>&rdquo;), <FONT STYLE="text-transform: uppercase">SMTC Mex Holdings, Inc.</FONT>,
a Delaware corporation (&ldquo;<U>SMTC Mex</U>&rdquo;), ZF ARRAY TECHNOLOGY, INCORPORATED, a Delaware corporation (&ldquo;<U>ZF
Array</U>&rdquo;), HTM <FONT STYLE="text-transform: uppercase">Holdings, Inc.</FONT>, a Delaware corporation (&ldquo;<U>HTM</U>&rdquo;
and together with SMTC, SMTC California, SMTC Mex and ZF Array each a &ldquo;<U>US Borrower</U>&rdquo; and collectively the &ldquo;<U>US
Borrowers</U>&rdquo;), <FONT STYLE="text-transform: uppercase">SMTC Manufacturing Corporation OF Canada</FONT>, a corporation organized
under the laws of the Province of Ontario (&ldquo;<U>Canadian Borrower</U>&rdquo; and together with US Borrowers and each other
Person joined to the Credit Agreement as a borrower from time to time, each a &ldquo;<U>Borrower</U>&rdquo; and collectively the
&ldquo;<U>Borrowers</U>&rdquo;), the financial institutions which are now or which hereafter become a party to the Credit Agreement
(each a &ldquo;<U>Lender</U>&rdquo; and collectively, the &ldquo;<U>Lenders</U>&rdquo;) and PNC BANK, NATIONAL ASSOCIATION (&ldquo;<U>PNC</U>&rdquo;),
as agent for the Lenders (in such capacity, the &ldquo;<U>Agent</U>&rdquo;).</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BACKGROUND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">A.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On September 14, 2011, Borrowers, Lenders and Agent entered into, <U>inter alia</U>, a certain Revolving Credit and Security
Agreement (as same has been or may be amended, modified, supplemented, renewed, extended, replaced or substituted from time to
time, the &ldquo;<U>Credit Agreement</U>&rdquo;) to reflect certain financing arrangements between the parties thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">B.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Borrowers have requested, and the Agent and the Lenders have agreed, subject to the terms and conditions of this Amendment,
to modify certain definitions, terms and provisions of the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: small-caps 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-weight: normal">NOW,
THEREFORE, <FONT STYLE="font-variant: normal">with the foregoing background hereinafter deemed incorporated by reference herein
and made part hereof, the parties hereto, intending to be legally bound, promise and agree as follows:</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Definitions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Interpretation</U>. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the
Credit Agreement. In the case of a direct conflict between the provisions of the Credit Agreement and the provisions of this Amendment,
the provisions of this Amendment shall govern and control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="fo