Employment Agreement made as of the 15th day of August, 2006.
WHEREAS the Executive was employed as the President and Chief Executive Officer of the Corporation and certain
of its Affiliates (as this term is defined in the Ontario Business Corporations Act ) on an interim beginning on October 16, 2003.
WHEREAS the Corporation and the Executive entered into a written employment agreement that came into effect on
February 7, 2005 (the “Effective Date”), setting out the compensation to be paid to the Executive and all other matters relating to
his employment with the Corporation and certain of its Affiliates;
WHEREAS the Corporation and the Executive have now agreed to new terms of employment;
NOW THEREFORE in consideration of the mutual covenants and agreements contained herein, the Corporation and
the Executive hereby agree as follows:
ARTICLE 1 - TERM, POSITION AND DUTIES
1.2 Position . The Executive shall serve as the President and Chief Executive Officer (“CEO”) of the Corporation and certain of
its Affiliates. The Executive is currently serving as Chair of the Board of Directors (the “Board”) of SMTC Corporation and the
Executive shall resign his position as Chair of the Board upon the request of the Board but shall remain as a board member.
1.3 Duties . The Executive shall perform such duties as are regularly and customarily performed by a Chief Executive Officer of a
corporation, and in particular, shall be responsible for making all day to day general operating decisions within agreed long term
strategic and annual business plans and within policy guidelines of the Corporation as established from time to time. The
Executive shall report to the Board.
ARTICLE 2 - THE EXECUTIVE’S OBLIGATIONS
2.1 Full Time and Effort . Throughout his term of employment, the Executive shall devote his full time, effort and attention to
the affairs of the Corporation and its Affiliates (the “Business”). The Executive shall not, without the prio