Amendment to Change of Control Severance Agreement between Amtech Systems, Inc. and Bradley C. Anderson

Summary

Amtech Systems, Inc. and Bradley C. Anderson have agreed to amend their existing Change of Control Severance Agreement, originally dated March 10, 2008. This amendment specifies that, for certain severance calculations, Mr. Anderson's annual base salary will be considered no less than $265,000. All other terms of the original agreement remain unchanged. The amendment is effective as of June 28, 2013.

EX-10.17 4 asys63013-ex1017.htm AMENDMENT TO CHANGE OF CONTROL SEVERANCE AGREEMENT ASYS.6.30.13-EX10.17

AMENDMENT TO CHANGE OF CONTROL SEVERANCE AGREEMENT

Whereas, Amtech Systems, Inc. ("Company) and Bradley C. Anderson ("Executive") entered into a Change of Control Severance Agreement (the "Agreement") dated March 10, 2008; and

Whereas, Company and Executive now desire to modify the Agreement pursuant to Paragraph 5 thereof, and to enter into this Amendment to Change of Control Severance Agreement ("Amendment");

The parties hereto therefore agree to the following modification to the Agreement, to be effective as of the date set forth below; with all unmodified portions of the Agreement to remain in full force and effect as written:

1.Section 2(a)(i) of the Agreement is hereby amended to add to the end of that subsection the following parenthetical clause: “(which for purposes of this Section 2(a)(i) only shall be not less than $265,000 per annum)”.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the 28^th day of June, 2013.

AMTECH SYSTEMS, INC.

By: /s/ Jong S. Whang

Jong S. Whang

Its: Chairman

By: /s/ Bradley C. Anderson

Bradley C. Anderson, Executive