EXHIBIT 99.
Agreement to Serve as Rights Agent
SBS Technologies, Inc., a New Mexico corporation ("Company"), and
Norwest Bank Minnesota, NA ("Norwest"), agree as follows:
RECITALS:
A. Company has entered into a Shareholder Rights Agreement dated
September 15, 1997.
B. Company appointed First Security Bank, Salt Lake City, Utah to
serve as Rights Agent pursuant to that agreement.
C. First Security Bank has resigned as Rights Agent as of December
31, 1997.
D. Company wishes to appoint a successor to serve in that capacity
on behalf of the Company.
APPOINTMENT.
Pursuant to Section 21 of the Shareholder Rights Agreement, Company
may and hereby does appoint Norwest Bank Minnesota, NA as successor Rights
Agent, effective upon the signing of this Agreement to Serve as Rights Agent.
ACCEPTANCE.
Effective with the signing of this Agreement to Serve as Rights
Agent, Norwest accepts appointment to serve as Successor Rights Agent and
agrees to abide by the terms of the Shareholder Rights Agreement.
Dated: January 1, 1998
SBS Technologies
By: /s/ Xxxxx X. Xxxxx
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Its: VICE PRESIDENT
FINANCE & ADMINISTRATION
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Norwest Bank Minnesota, NA
By: Xxxxx X. XxxXxxx
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Its: Officer, Shareowner Services
