EXHIBIT 10.3
AMENDMENT
TO
SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE
This amendment ("Amendment") is entered into as of February 7, 2003 (the "Effective Date") by and between
Novatel Wireless, Inc. ("Novatel Wireless"), on the one hand, and Sanmina-SCI Corporation and Sanmina
Canada ULC, on the other hand (collectively, "Sanmina" and together with Novatel Wireless, the "Parties"). The
exhibits to this Amendment are hereby incorporated into and made a part of this Amendment and this
Amendment is hereby incorporated into, made a part of, and shall be read in conjunction with the Agreement (as
defined below). Capitalized terms used herein but not defined herein shall have the respective meanings ascribed
to them in the Agreement.
I.
RECITALS
WHEREAS, the Parties are party to that certain Settlement Agreement and Mutual General Release dated
January 12, 2002 (the "Agreement"); and
WHEREAS, pursuant to Section II M of the Agreement, the Parties now desire to amend and supplement the
Agreement only to the extent expressly set forth herein.
II.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and agreements
contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:
Section 1. The Inventory Period (as defined in Section II A 4 of the Agreement) is hereby extended until March
30, 2004.
Section 2. Section II A 4(c) to the Agreement is hereby deleted in its entirety and replaced with the following:
Commencing on January 13, 2003 and continuing bi-weekly thereafter (January 27, 2003, February 10, 2003,
etc.), subject to the provisions of Section 4(g), Novatel Wireless shall pay to Sanmina $125,000 (the "Base
Payment") in satisfaction of the Inventory Purchase Commitment, provided that Novatel Wireless has not earlier
satisfied the Inventory Purchase Commitment giving effect to any reductions then pending pursuant to Section 4
(e) and provide