SMTX SMTC Corporation

First Amendment to Amended and Restated Revolving Credit and Security Agreement

On March 29, 2019, SMTC Corporation, a Delaware corporation (the “ Company ”) entered into that certain First Amendment to Amended and Restated Revolving Credit and Security Agreement (“ PNC Amendment ”), by and among the Company, SMTC Manufacturing Corporation of California, a California corporation (“ SMTC California ”), SMTC Mex Holdings, Inc., a Delaware corporation (“ SMTC Mex ”), HTM Holdings, Inc. a Delaware corporation (“ HTM ”), MC Test Service, Inc., a Florida corporation (“ MC Test ”), MC Assembly International LLC, a Delaware limited liability company (“ MC Assembly International ”), MC Assembly LLC, a Delaware limited liability company (“ MC Assembly ” and together with the Company, SMTC California, SMTC Mex, HTM, MC Test, and MC Assembly International, and each other person joined thereto as a borrower from time to time, the “ Borrowers ”), the financial institutions party to that certain Amended and Restated Revolving Credit and Security Agreement, dated as of November 8, 2018 (as disclosed on the Company’s Current Report on Form 8-K filed with the Commission on November 9, 2018) (such agreement, the “ PNC Agreement ” and, such lenders thereto, the “ PNC Lenders ”), and PNC Bank, National Association (“ PNC ”), as agent for the PNC Lenders. The PNC Amendment, among other things, amends the required senior leverage ratio initially set forth in the PNC Agreement by deleting the reference to “3.50x” therein and substituting “3.75x” therefor. The foregoing description of the PNC Amendment is not complete and is subject to and entirely qualified by reference to the full text of the PNC Amendment, which is attached hereto as Exhibit 10.1 .

Amendment No. 1 and Waiver to Financing Agreement

On March 29, 2019, the Company entered into that certain Amendment No. 1 and Waiver to Financing Agreement (the “ TCW Amendment ”), by and among the Company, each person that is a borrower under that certain Financing Agreement, dated as of November 8, 2018 (as disclosed on the Company’s Current Report on Form 8-K filed with the Commission on November 9, 2018) (the “ TCW Agreement ”), each other loan party that is a party to the TCW Agreement, each financial institution that is a party to the TCW Agreement (collectively, the “ TCW Lenders ”), TCW Asset Management Company LLC, as administrative agent for the TCW Lenders, and TCW Asset Management Company LLC, as collateral agent for the TCW Lenders. The TCW Amendment, among other things, (i) requires that the loan parties deliver a Key Performance Indicators (KPI) report to TCW Lenders and the administrative agent, and (ii) amends the required senior leverage ratio initially set forth in the TCW Agreement by deleting the reference to “3.50x” therein and substituting “3.75x” therefor. The foregoing description of the TCW Amendment is not complete and is subject to and entirely qualified by reference to the full text of the TCW Amendment, which is attached hereto as Exhibit 10.2 .