Exhibit 10.4.12

March 28, 2007

 

SMTC Manufacturing Corporation of California    SMTP Manufacturing Corporation of Wisconsin
2302 Trade Zone Boulevard    2222 E. Pensar Drive
San Jose, California    Appleton, Wisconsin
USA    USA
95131   
- and -    - and –
SMTC Manufacturing Corporation of Massachusetts    SMTC Mex Holdings, Inc.
109 Constitution Blvd.    635 Hood Road
Unit 160    Markham Ontario
Franklin, Massachusetts    Canada
USA    L3R 4N6

Attention: Jane Todd

Dear Sirs/Mesdames:

 

  Re: Wachovia Capital Corporation (Central) and SMTC Manufacturing Corporation of California, SMTC Manufacturing Corporation of Wisconsin, SMTC Manufacturing Corporation of Massachusetts and SMTC Mex Holdings, Inc.

Reference is made to a Loan Agreement dated as of June 1, 2004 as amended March 10, 2005, August 17, 2005, June 12, 2006, August 1, 2006 and September 20, 2006 (the “Loan Agreement”) between SMTC Manufacturing Corporation of California, SMTC Manufacturing Corporation of Wisconsin, SMTC Manufacturing Corporation of Massachusetts and SMTC Mex Holdings, Inc., as borrowers (“Borrowers”), and Congress Financial Corporation (Central), now known as Wachovia Capital Finance Corporation (Central), as lender (“Lender”). All capitalized terms used in this notice of extension but not defined herein have the meanings given to such terms in the Loan Agreement.

Borrowers are hereby given notice that Lender has agreed to extend the Renewal Date of the Loan Agreement to April 15, 2008. All other terms and conditions of the Loan Agreement remain in full force and effect, unamended. Borrowers agree to pay to Lender an early termination fee equal to 0.50% of the US Maximum Credit if the Loan Agreement is terminated prior to October 15, 2007.

 

Yours very truly,
WACHOVIA CAPITAL FINANCE CORPORATION (CENTRAL)
By:  

/s/ Darrell Kay

Name:   Darrell Kay
Title:   Vice President

The undersigned Borrowers hereby acknowledge receipt of the foregoing notice of extension of the Loan Agreement and agree to same.

Dated this 28th day of March, 2007.

 

SMTC MANUFACTURING

CORPORATION OF CALIFORNIA

    

SMTC MANUFACTURING

CORPORATION OF WISCONSIN

By:  

/s/ Jane Todd

     By:  

/s/ Jane Todd

Name:   Jane Todd     Name:   Jane Todd
Title:   SVP Finance & CFO     Title:   SVP Finance & CFO

SMTC MANUFACTURING

CORPORATION OF MASSACHUSETTS

     SMTC MEX HOLDINGS, INC.
By:  

/s/ Jane Todd

     By:  

/s/ Jane Todd

Name:   Jane Todd     Name:   Jane Todd
Title:   SVP Finance & CFO     Title:   SVP Finance & CFO

[Intentionally Left Blank]

 

- 2 -

Echo f the undersigned Obligors hereby:

 

  (a) acknowledges, confirms and agrees that such Obligor’s Financing Agreements (as each of the same may have been amended, modified, supplemented, extended, renewed, restated or replaced) remain in full force and effect as at the date hereof in respect of each of the Borrower’s Obligations under the Loan Agreement, as renewed/extended as herein provided; and

 

  (b) acknowledges and confirms that such Obligor has received a copy of the Loan Agreement and this notice of extension and understands the terms thereof.

Dated this 28th day of March, 2007.

 

SMTC CORPORATION    

SMTC MANUFACTURING

CORPORATION OF NORTH CAROLINA

By:

  

/s/ Jane Todd

     By:  

/s/ Jane Todd

Name:

   Jane Todd     Name:   Jane Todd

Title:

   SVP Finance & CFO     Title:   SVP Finance & CFO
HTM HOLDINGS, INC.    

RADIO COMPONENTES DE MEXICO,

S.A. DE C.V.

By:

  

/s/ Jane Todd

     By:  

/s/ Jane Todd

Name:

   Jane Todd     Name:   Jane Todd

Title:

   SVP Finance & CFO     Title:   SVP Finance & CFO
SMTC DE CHIHUAHUA, S.A. DE C.V.      

By:

  

/s/ Jane Todd

      
Name:   Jane Todd      

Title:

   SVP Finance & CFO      

 

- 3 -