Exhibit 10.9



SERVICES AGREEMENT



Services Agreement (the Agreement), dated August 1, 2003, between Cybex International, Inc. (Cybex), a New York corporation and UM
Holdings, Ltd., (UM Holdings), a New Jersey corporation.



WHEREAS, Jordan Mersky (the Shared Employee) is an attorney licensed to practice law in the States of New Jersey and New York.



WHEREAS, the Shared Employee currently serves as Vice President and General Counsel of UM Holdings;



WHEREAS, Cybex wishes to retain the services of the Shared Employee to serve
as its General Counsel to perform the functions and duties of such office, in a high-quality, cost effective manner;



WHEREAS, given its investment in Cybex, UM Holdings believes it to be in its best interest to assist Cybex in its above stated wishes; and



NOW, THEREFORE, for good and valuable consideration, the parties, intending
to be legally bound, agree as follows:



| | 1. | Term. The initial term of this Agreement shall commence on August 8, 2003 and expire on December 31, 2003 (the Initial Term). After the expiration of the Initial
Term, this Agreement shall renew for successive one (1) year periods (the Renewal Terms) unless and until cancelled in accordance with the provisions hereof.
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| | 2. | Services. During the Initial Term and any and all Renewal Terms (hereinafter referred to as the Term), the Shared Employee shall remain as an employee of UM
Holdings. It is expected that the Shared Employee will expend approximately eighty percent (80%), but any event not less than fifty percent (50%), of his time performing duties hereunder.
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| | 3. | Fees. (a) As full compensation for the services to be provided hereunder, Cybex shall pay to UM Holdings fees at the rate of $120,000 per annum, payable in equal monthly
installments, for so long as this Agreement remains in effect. Cybex will also be responsible for expenses as provided in paragraph 4 below.
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| | (b) | The Shared Employee shall in no event be deemed to be an employee or independent contractor of Cybex, and UM Holdings will remain responsible for the compensation, benefits and
related payroll taxes and withholding for the Shared Employee.
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| | 4. | Conditions.
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| | (A) | During the Term, the Shared Employee shall receive a salary from UM Holdings, including benefits; such salary and benefits shall be
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---

| | reviewed from time to time and adjusted by UM Holdings in its sole discretion.
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| | (B) | During the Term, all approved training, seminar or other costs incurred by the Shared Employee; (i) for the sole benefit of Cybex shall be borne by Cybex; (ii) for the sole benefit
of UM Holdings shall be borne by UM Holdings; and (iii) for the mutual benefit of Cybex and UM Holdings shall be split evenly between Cybex and UM Holdings. Notwithstanding this paragraph, should Shared Employee incur costs at the specific request
of either Cybex or UM Holdings, then regardless of the benefits received by either entity, the requesting entity shall bear any and all resultant costs.
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| | (C) | Cybex shall be responsible for all of the expenses incurred by the Shared Employee for the benefit of Cybex only to the extent such expenses would have been reimbursed by Cybex
through its normal approval process.
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| | 5. | Confidentiality. The Shared Employee shall keep strictly confidential all information concerning Cybex or any of the business or activities of Cybex, and during the Term of
the Agreement shall perform his duties so as to respect the principles and intent of the respective codes of conduct and ethics of Cybex and UM Holdings, and the Shared Employee will sign such instruments with respect thereto the terms of which
shall be reasonably negotiated by the respective parties.
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| | 6. | Termination. Cybex or UM Holdings may terminate this Agreement at any time during the Term on one (1) month written notice, provided, however, that this Agreement may be
terminated on less than one (1) month written notice on terms that are mutually acceptable to Cybex and UM Holdings. In the event of termination, Cybex shall promptly pay to UM Holdings all amounts due and owing under the term of this Agreement up
to and including the date of termination.
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| | 7. | Notices. Any notice made under this Agreement shall be deemed given to the other party if in writing and personally delivered; sent by registered mail; or sent by facsimile
transmission, addressed as follows:
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If to Cybex:



Cybex International,
Inc.

Attention: Jennifer Noeldner

10 Trotter Drive

Medway, MA 02053

(508) 533-5500 (fax)



If to UM Holdings:



UM Holdings, Ltd.

Attention: Joan Carter



2



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56 Haddon Avenue

Haddonfield, NJ 08033

(856) 354-2216 (fax)



| | 8. | Responsibilities. UM Holdings responsibilities under this Agreement is to use normal business efforts to cause the Shared Employee to render the services called for
hereunder in a manner reasonably satisfactory to Cybex. No party shall be liable or held accountable for any mistakes of fact or law or for any loss or damage to the other party arising or resulting therefrom or for errors of judgment, or otherwise
for any acts or omissions, so long as it acts in good faith and with reasonable diligence.
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| | 9. | Legal Relationship. It is not the intention of the parties that this Agreement or the operation thereof shall create a legal relationship between them which could be
construed as agency, partnership or joint venture.
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| | 10. | Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and there are no representations or
warranties, express or implied statutory or otherwise and no agreements collateral to this Agreement other than expressly set forth or referred to herein.
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| | 11. | Further Acts. Each of the parties will, at the reasonable request of the other, take such steps or provide such further assistance as may be required to enable the due
performance of the terms and conditions of the Agreement.
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| | 12. | Applicable Law. This Agreement shall be construed, interpreted and applied in the Courts and according to the laws of the State of New Jersey.
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IN WITNESS WHEREOF, Cybex and UM Holdings have caused this Agreement to be
executed as of the date first written above by their respective officers thereunto duly authorized.



CYBEX INTERNATIONAL, INC.By:

/s/ John AglialoroName:

John AglialoroTitle:UM HOLDINGS, LTD.By:

/s/ Joan CarterName:

Joan CarterTitle:

President




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