Document:

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                                                                   Exhibit 10.41

Rental Contract

between ABB, Edisonstra(beta)e 15, in 68623 Lampertheim
and Microfluidics, 30 Ossipee Road, Newton, MA 02464-9101

1. Rental object

1.1

The landlord is the main renter of the factory location, Edisonstra(beta)e 15,
68623 Lampertheim. The ABB Gebaudetechnik AG (building technic AG), Gebaude
Management Lampertheim (building management Lampertheim) is responsible for the
administration, the management and the renting of the location in Lampertheim.

1.2 We can use the following rooms:

o    2 office rooms             hall 02, second floor              62 m(2)
     restroom, socialroom

o    "storage room"             hall 05, cellar                    70 m(2)
     = lab.
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                                                                   132 m(2)

We have one parking place inside the grounds. We can make use of the employees
parking places and there are of course parking places for customers.

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2. Rental capacity, rent, infrastructure- and supplying charges

The landlord rents the rooms including infrastructure, service and supplementary
services

2.1 The rent exclusive heating charges/ incidental charges:

o    office rooms               62 m(2)          10,50 DM/m(2)     651,00 DM
     restroom, socialroom

o    "storage room"             70 m(2)          9,80 DM/m(2)      686,00 DM
     = lab., with com-
     pessed air, water,
     sewage and electricity

o    one parking place          1 piece          50,00 DM/piece    50,00 DM
     inside the grounds
--------------------------------------------------------------------------------

The rental price not including the
heating charges/calculation/incidental charges:                    1.387,00 DM

2.2. Incidental expenses

2.2.1. Infrastructure services and costs (fix incidental charges)

Costs for everything inside the grounds. Ground and building services. For
example:

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o    location administration/ additional expenses,
o    mean (basic) taxes and building insurance,
o    availability of the infrastructure inside the grounds,
o    availability of a fire detector, direkt transmission to the fire brigade
o    availability, maintenance and service of the fire extinguisher
o    electrical security check
o    entrance, telephone-, and reception services

basic calculation: building area
                                132 m(2)         2,36 DM/m(2)      311,52 DM

Care of the area and the grounds

Cleaning of streets and gardens inside and outside the grounds including
cleaning of the streets and areas in winter when there is a lot of snow.

Basic calculation: building area

                                132 m(2)         0,16 DM/m(2)      21,12 DM
--------------------------------------------------------------------------------

Incidental expenses, (fix):                                        332,64 DM

2.2.2 Services+Costs (variable incidental charges)

The cleaning of the offices, social and restroom is done every day after 4
o'clock pm. We have our own restroom.

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Basic calculation: building area

                                132 m(2)         1,15 DM/m(2)      151,80 DM

MFIC is allowed to use the cafeteria inside the grounds.ABB has a card-payment
system. But there is also a basic price to pay:

Basic calculation: 3 employees                   17,70 DM/employee 53,10 DM
--------------------------------------------------------------------------------

Basic calculation Services:                                        151,80 DM
                                                                    53,10 DM
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                                                                   204,90 DM

2.2.3 Supplementary services and costs

Maintenance, operation, service and availability consisting of the supply and
waste management comprising the power supply and waste line.

-    Electric energy supply basic costs:
     basic calculation: building area
                                132 m(2)         0,35 DM/m(2)      46,20 DM

-    Heating costs, ventilation:
     basic calculation: building area
                                132 m(2)         0,39 DM/m(2)      51,48 DM

-    Water supply, sewage disposal:
     basic calculation: building area
                                132 m(2)         0,13 DM/m(2)      17,16 DM

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-    ISDN telephone, fax and data transmission:
     MFIC can make use to six of ISDN-phones/fax connections
     basic calculation for six connections:

                                6 con.           35,00 DM/con.     210,00 DM

The actual telephone usage will be charged seperately with the reduced telekom
tariff for large companies.

-    MFIC also has to pay for precipitation water discharge.
     basic calculation: building area
                                132 m(2)         0,16 DM/m(2)      21,12 DM

-    Pressurized air supply
     basic calculation: building area
                                70 m(2)          0,25 DM/m(2)      17,50 DM

Where applicable, actual usage will be invoiced separately and added to the
basic costs.
--------------------------------------------------------------------------------

Incidental expenses
Supply and waste management                                        363,46 DM
================================================================================

2.3 Other services

The following further services can be offered:

- Litter/waste management, exept fur special wastes like chemicals etc.

  Every day when the building will be cleaned and the waste will be disposed
  of. If necessary, further waste management services can be handled by the
  landlord. These will be invoiced separately.

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- Mail

  Inside and outside the grounds there are special mail services from ABB,
  that we can use. Internally there is a mail distribution department. Costs
  will be charged separately in case this is used by us. If the MFIC wishes
  to use this service, it will be invoiced depending on actua usage.

- Workshop services

  for the maintenance of the supply and waste management the landlord has
  special persons who are responsible for service. They have one workshop for
  electrical maintenance and one workshop for the mechanical costs for
  engeneering. MFIC can make use of this workshop. This will be charged for
  separately from case to case.

3. Settlement

3.1

The rent, infrastructure and costs of services as well as the basic price/fix
price will be determined the end of the year, corresponding to the building area
or the number of employees and will be fixed for the following year. If
necessary, quarterly adjustments can be made.

3.2

The consumption / variable costs:

ABB determines the preceding consumption at the end of the year and for the
following year the consumption value will be fixed as partpayment/markdown. The
value to the real consumption takes part at the end of a half calendar year as a
repayment or a credit entry.

At the beginning of this contract the part payment will be estimated and
invoiced.

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3.3

The landlord writes all costs for rent, infrastructure and incidental expenses
and so on, on one invoice and it has to be paid by MFIC, monthly until the 5 th
working day, to the account of the landlord.

3.4

If the monthly rental will not be paid until the 10 th working day, the landlord
has the right to invoice interests of the general rate of the Dt. Bundesbank + 4
% from the first day of delay until the amount will be paid.

3.5

The settlement of the workshop services will happen with regard to an order by
means of order notes (order notes for maintenance work) of material and time.

Basic costs for 1998 -> one hour -> 76,00 DM

4. Renting

MFIC rents the rooms together with the services. Microfluidics is aware of the
area, size and condition of the rental object, as well as its machines and
supply and waste management. MFIC accepts the rental object in the condition in
which it is after fulfilment of the additional agreement dated the 10th of April
2000 at the beginning of this rental contract on the 1st of July 2000.It is
accepted without restriction.

5. Rental time and cancellation

5.1

The rental period beginns on July 1st 2000 and is fixed for a minimum period of
three years.

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5.2

If the agreement is not terminated with a six months` notice to the end of the 3
year period, it will go on. Then the rental agreement can be terminated with a
six months` notice to the end of each quarter.

6. Premature cancellation of the rental

6.1

The landlord has the right to cancel the rental contract immediately,

a) if MFIC doesn't fulfils the commitments in the contract and the landlord
   already sent a reminder,

b) if MFIC doesn`t pays the rental price and is more than three month in delay
   of payment. Then the landlord has to send us a payment reminder, with a
   deadline of 14 days,

6.2

If the rental finishes with a premature cancellation MFIC has to pay for damages
done, if the landlord has to rent his office cheaper the next party.

6.3

If the rental finishes because of a premature cancellation of MFIC`s business
has to be paid a down payment of 1.500,00 DM/month until the end of the fixed
contracttime of 3 years.

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7. Rental security

7.1

MFIC has to pay a bank guarantee of DM 5.000,00. A Bank guarantee for the three
years of fix rental time has to be made on a Bank in Germany.

7.2

If the bank guarantee has to be used, the money has to be replenished on the
bank until there are again DM 5.000,00 on the account.

7.3

At the end of the rental the landlord gives back the bank guarantee certificate,
acknowledging that all commitments are fulfilled.

8. Value security

8.1 Rent not including heating charges/incidental charges

During the three fixed years the rental price won't be increased.

If the costs of living increase or decrease after the three years of constant
renting time, tenter or the landlord can require to make a new measuring rod for
the new determination of the rental price. It belongs to the economical
relations and the relations on the market in the region, for comparable offices
which are for rent.

8.2. Incidental costs

The costs of infrastructure and service will be adapted every year to the
development of the statistical Bundesamt (national bureau) for the costs of
living. The starting point is the cost of living index from 1999.

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If costs like property rates, insurance and waste line charges change neither
MFIC nor ABB can influence each party is allowed to adapt to the new prices.

The costs of consumption belong to the contracts and bills of the supplying
companies which are transmitted from ABB to MFIC without additional charges.

9. Incidental costs, taxes and insurance

9.1

The renter has to take every incidental costs that have to be paid for the
maintenance of the office, unless already stated in ,,2".

9.2

MFIC isn`t liable for delivery of natural gas, heating oil, current, water and
so on. If there will be a breakdown of these delivery services, the rent has to
be reduced.

9.3

All incidental charges are taken into account as in point 2.2.1.

9.4

MFIC has to take over all taxes and private charges and duties for our company.

9.5

MFIC has to pay all incidental costs, taxes and insurances directly to the
demanding companies.

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10. Harzardous waste guarantee

Environmental authorities have proofed the object to be free of soil
contamination in 1991.

11. Liability

11.1

For the liability of the landlord the legal regulation will be effective.

11.2

MFIC has to conclude a third party insurance for the liability in view of the
rental rooms.

11.3

If something wrong will happen to the rental rooms, the landlord is not forced
to pay compensation, only if it's his fault. If it's his fault and he has to
build the rooms new the contract goes on. But, the renter isn't able to use the
rooms or if the rooms can only be used partly because of higher violence, the
landlord has to reduce the rental price.

12. Using of the rental rooms, subletting

12.1

MFIC make use to the rooms as agreed in this contract and has to treat the
furnishing well.

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12.2

Subletting is only allowed if the landlord gives his written consent. Consent
can only be denied for important reasons. A change of owner of a company or the
change of the business form will be treated as a

13. Architectural changes

13.1

MFIC can do architectural changes only with the agreement of the landlord. He
only doesn't has to agree if there are important reasons why. All architectural
changes have to be paid for by MFIC and all risks and dangers are to be accepted
by MFIC.

13.2

All changes have to be documented.

13.3

After ending of the contract MFIC has to reestablish all architectural changes
and so on. Unless the landlord has approved the architectural changes and these
changes don't impair the using of the object. If the landlord leaves the
changes, MFIC doesn't has any claim for repayment.

13.4

If MFIC does any architectural or other changes in the time of stay there and
the value of the office increases, the landlord has the right to take over this
changes after termination of the contract over. But he has to pay for the
changes minus a suitable depreciation for the wear.

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14. Maintenance

14.1

We have to keep the rooms clean and take care.

14.2

All damages have to be paid for by renting party.

14.3

The landlord has to look for the buildings and maintenance of the grounds and so
on. He has to change and to pay for example for damaged bulbs. MFIC is
responsible for regular redecoration in the rooms, like wallpaper, painting of
the doors or replacement of floorings. These repairs have to be done by experts
with the agreement of the landlord.

14.4

MFIC has to tell, if something gets damaged. If the MFIC doesn`t tell this the
landlord and the damage will become bigger, it will have to be paid for by MFIC.

14.5

After termination, MFIC agrees to leave the rooms in a good condition over
(redecorated see 14.3).

15. Promotion / advertising

15.1

MFIC can do promotion for the company outside and inside the building, but MFIC
has to get permission from the landlord.

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15.2

Renter has to apply for official approval for advertising. After termination of
rental agreement the advertisment has to removed.

15.3

This service mentioned in 15.1 and 15.2 can be made by the landlord and renter
has to pay for that

16. Entering the rooms by the landlord

16.1

The landlord or persons representing the landlord are allowed to enter the
office during the business hours. They have to inform renting party and to
arrange an appointment.

16.2

The landlord has the right to enter the office rooms without an appointment for
security or other serious reasons.

17. Termination of the rental time

MFIC has to clean the rooms and have to hand them over in good condition.

18. Others

For the assignment of the rights and the duties from this contract MFIC needs
the agreement of the landlord. An agreement only can be refused by an important
reason.

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18.1

If duties from this contract don't go over to the respective legal successor by
law each party of the contract, agrees to leave the commitments to its potential
legal successor.

19. Ending

19.1

This contract can only be changed or expanded in writing. If something is
missing or any party wants to expand the contract we have to talk to our
landlord. We only can change or expand the contract, if the landlord agrees with
us.

19.2

If one point of the contract becomes invalid this has no effect on the rest of
the contract.

Additional agreements are added; e. g. determination of places for air, water,
electricity supply, etc.

Nina Behrens,
Weinheim, den 14. April 2000

                                       15<PAGE>

                                                                   Exhibit 10.42

EXHIBIT B

                           LOAN AND SECURITY AGREEMENT

     THIS LOAN AND SECURITY AGREEMENT is made the _____ day of October, 2000, by
and between MFIC CORPORATION, a Delaware corporation (the "Borrower"), and J.M.
HUBER CORPORATION, a New Jersey corporation (the "Secured Party").

                     ARTICLE 1 GRANT OF A SECURITY INTEREST

     Section 1.01 To the extent permitted by law, Borrower hereby grants to the
Secured Party for its benefit a first lien security interest in all of
Borrower's right, title and interest in the following equipment, together with
any and all substitutions therefor and replacements thereof, any and all
additions and accessions thereto, and all proceeds thereof, (such collateral is
collectively referred to herein as the "Collateral"):

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206
               -------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206200
               ----------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206300
               ----------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206400
               ----------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206500
               ----------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206600
               ----------------------------------------------------------------

               Model LV40SST Zinger(R)horizontal media mill Serial No. L2206700
               ----------------------------------------------------------------

                         ARTICLE 2 OBLIGATIONS SECURED

     Section 2.01 The security interests hereby granted by Borrower are to
secure payment to the Secured Party of the indebtedness of Borrower, incurred by
Borrower in connection with Borrower's purchase of the Collateral from Secured
Party on or about the date hereof, in the principal sum of Three Hundred Fifty
Thousand Dollars ($350,000), with interest thereon evidenced by a secured
purchase money promissory note of even date herewith, made by the Borrower
payable to the Secured Party (the "Note"); and to secure payment to the Secured
Party of all costs, expenses and reasonable attorney's fees incurred by the
Secured Party in the collection or enforcement of any indebtedness or liability
of Borrower secured hereby. Each of the foregoing being hereinafter sometimes
collectively referred to as "Obligations" of the Borrower.

                           ARTICLE 3 REPRESENTATIONS

     Section 3.01 The Borrower represents and warrants to the Secured Party
that:
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     (a) No Other Encumbrances. Except for the security interests granted by
this Agreement and subordinate security interests granted as part of Borrower's
present lending arrangements on the assets of Borrower, Borrower is the sole
owner of the Collateral free and clear of all liens, claims and encumbrances.

     (b) Location of Collateral. The Collateral shall be located at the
Borrower's Morehouse-COWLES Division's place of business in Fullerton,
California. Borrower will not change the location of the Collateral or cause
such Collateral to be moved, maintained or stored in any other location without
notifying the Secured Party. In no event without the prior written consent of
the Secured Party shall the collateral be shipped to a location outside the
United States unless such shipment is part of the sale of the Collateral.

                              ARTICLE 4 COVENANTS

     Section 4.01 The Borrower covenants and agrees with the Secured Party that:

     (a) Inspection of Collateral. The Secured Party or its agents may at any
time and from time to time inspect the Collateral and the books and records of
the Borrower pertaining thereto upon reasonable notice to Borrower and during
regular business hours.

     (b) Expenses. Borrower shall be liable for and agree to pay the Secured
Party any and all expenses incurred or paid by the Secured Party in protecting
or enforcing its rights under this Agreement including reasonable attorneys'
fees and legal expenses.

     (c) Application of Net Proceeds. Upon an Event of Default, the Secured
Party shall have the right to apply the net proceeds of the sale or other
disposition of the Collateral, first, to the principal indebtedness due under
the Note and then to any other indebtedness of the Borrower owed to the Secured
Party.

     (d) Maintenance of Collateral. Borrower will keep all Collateral in good
condition and repair at Borrower's own expense. Any loss or destruction of the
Equipment shall be at Borrower's risk and shall not release Borrower from any
Obligation set forth herein.

     Section 4.02 Insurance. Borrower agrees at its expense to insure its
respective Collateral against such risks and hazards. Borrower will use
reasonable efforts to have its policy of insurance contain a clause that in the
event of loss, payments shall be made to the Secured Party as its interest may
appear; that Borrower hereby grants the Secured Party a security interest in the
proceeds of any insurance, whether paid by reason of loss, injury, return
premium or otherwise, and such proceeds may be applied toward the repair or
replacement of the Collateral or payment of the Obligations secured hereby at
Borrower's option.

     Section 4.03 Proceeds from Resale of Collateral. Borrower agrees that all
Net Proceeds (as hereinafter defined) from the sale of the Collateral, or any
part of it, shall be paid as herein provided to the Secured Party as provided in
Section 4.04, it being expressly understood and agreed by the parties that, in
the event a case under the United States Bankruptcy Code is commenced by or
against Borrower, the Net Proceeds (meaning the proceeds from the sale of any of
the collateral, less reasonable transportation costs, storage and reconditioning
costs, and costs of sale including but not limited to commissions and taxes
attributable to the sale of such

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collateral) shall not constitute property of Borrower's bankruptcy estate, but
shall belong to Secured Party.

     Section 4.04 Sale and Sale Notice of Collateral. In the event Borrower
sells the Collateral, or any part of it, prior to the satisfaction of the Note,
Borrower shall promptly give notice of the sale to the Secured Party three (3)
business days before Borrower is required to ship the collateral to any buyer.
Prior to the scheduled date for shipping, the Secured Party shall release its
security interest in the portion of the Collateral sold by Borrower. For
purposes of releasing its security therein upon a sale of the Collateral, the
Secured Party hereby appoints the Borrower through any officer designated by the
Borrower, as attorney-in-fact for the Secured Party, with power to act in
Secured Party's name with respect to the release of the Secured Party's security
interest. Within ten (10) business days following such sale(s), the Borrower
shall provide notice ("Sale Notice") of the Net Proceeds to be received from
such sale(s) to Secured Party. Such Sale Notice(s) shall contain: (a) a detailed
description of the sales terms, including, without limitation, a description of
the Collateral being sold, the price received, and a statement setting forth
what portion, if any, of the Collateral remains unsold; (b) a detailed statement
of the following costs actually incurred by Borrower in connection with such
sale(s) (the "Sales Costs"): (i) all transportation costs incurred by Borrower
to ship the Collateral sold from Secured Party's location to Borrower's
Morehouse-COWLES Division in Fullerton, California; (ii) reasonable storage and
reconditioning costs incurred by Borrower as to the Collateral sold; and (iii)
costs related to the sale of the Collateral sold, including but not limited to
commissions and taxes actually incurred and paid by Borrower; and (c) a
statement of the Net Proceeds, calculated by subtracting the Sales Costs from
the price received in the sale. Borrower shall direct the purchaser(s) of the
Collateral, or any part of it, to pay an amount equal to the Net Proceeds from
each sale of Collateral directly to the Secured Party.

                          ARTICLE 5 EVENTS OF DEFAULT

     Section 5.01 Borrower shall be in default under this Agreement upon the
happening of any of the following events (each is an "Event of Default"):

     (a) Occurrence of any Event of Default under the Note or under the terms of
any Obligation secured hereunder.

     (b) Default by Borrower in payment or performance of any payment obligation
or other covenant contained or referred to herein or any Obligation secured
hereby or thereby.

     (c) Breach by Borrower of any representation or warranty contained herein
or in any other security agreement between the parties or in any Obligation
secured hereby or thereby.

     (d) Irreparable loss, theft or destruction of any of the Collateral, unless
Secured Party receives the proceeds from insurance against such event.

     (e) Borrower becomes insolvent; or is unable to pay its debts as they
mature, or discontinues business operations; or commits an act of bankruptcy or
makes an assignment for creditors; or files a petition under the federal
Bankruptcy Code or any other federal or state

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bankruptcy, insolvency or other similar law or regulation; or becomes
adjudicated bankrupt or petitions or applies to any tribunal for any receiver or
trustee for Borrower, or any substantial part of Borrower's assets; or commences
any insolvency or other proceedings for the relief of the Borrower, either under
any law now or hereafter in force or otherwise, and whether by arrangement,
reorganization, compromise, extension, or otherwise, or for dissolution or
liquidation; or a proceeding or case is commenced against Borrower under the
federal Bankruptcy Code or any other federal or state bankruptcy, insolvency or
other similar law or regulation, and such proceeding or case is not dismissed or
stayed within 60 days of filing.

                               ARTICLE 6 REMEDIES

     Section 6.01 If the Borrower fails to make a payment on the Note when due
or if any of the Events of Default specified herein shall occur, and Borrower
fails to cure the Event of Default within thirty (30) days from the date of
written notice from the Secured Party in the event of a non-payment Event of
Default, or three (3) business days in the event of a payment Event of Default,
then in such event and at any time thereafter the Secured Party may declare all
Obligations secured hereby to be immediately due and payable without
presentment, demand, protest, or other notice of any kind, all of which are
hereby expressly waived. The Secured Party in addition to such other rights and
remedies as are or may be set forth in this Agreement and in any other agreement
between the parties or any Obligation secured hereby or thereby may exercise and
shall have the rights and remedies of a Secured Party under the Uniform
Commercial Code in effect in the State of Georgia at the date of this Agreement.
The Secured Party may require and Borrower agrees upon demand to assemble the
Collateral and make it available at a place to be designated by the Secured
Party which is reasonably convenient to the parties or the Secured Party may
enter any premises and take possession of the Collateral or any part thereof.
Unless the Collateral is perishable or threatens to decline speedily in value or
is of a type customarily sold on a recognized market, the Secured Party will
give Borrower reasonable notice of time and place of any public sale thereof or
the time after which any private sale or any other intended disposition thereof
is to be made. The requirement of reasonable notice shall be met if notice is
mailed, postage prepaid to Borrower at its above mentioned address, at least ten
(10) days before the time of sale or disposition of the Collateral. Borrower
shall pay to Secured Party, on demand, any and all expenses, incurred or paid by
the Secured Party in protecting or enforcing its rights, powers and remedies
hereunder or under any other agreement between the parties or any Obligation
secured hereby or thereby or in any way connected with any proceeding or action
by whatsoever initiated concerning the protection or enforcement thereof.

     Section 6.02 No delay in taking any action with respect to any Event of
Default shall affect the rights of the Secured Party later to take such action
with respect thereto and no waiver by the Secured Party of any default shall
operate as a waiver of any other default, or the same default on a future
occasion.

                       ARTICLE 7 MISCELLANEOUS PROVISIONS

     Section 7.01 The provisions of this Agreement may be amended, or compliance
with this Agreement waived at any time only by the written agreement of the
Secured Party and the Borrower.

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     Section 7.02 The Borrower shall do, make, execute and deliver all such
additional and further acts, things, deeds, assurances and instruments as the
Secured Party may reasonably require for the purpose of more completely vesting
in and assuring to the Secured Party its rights hereunder in or to the
Collateral. Without limiting the foregoing, at its expense, the Borrower shall
defend the title to the Collateral (or any part thereof), and promptly upon
request by Secured Party execute, acknowledge and deliver any financing
statement, continuation statement, security agreement, or other document Secured
Party may require in order to perfect, preserve, maintain, continue, protect
and/or extend the lien or security interest granted to Secured Lender under this
Agreement and its priority.

     Section 7.03 Any notice or demand which by any provision of this Agreement
is required or provided to be given shall be deemed to have been sufficiently
given or served for all purposes by being sent by certified mail, return receipt
requested, postage prepaid, and addressed as follows (or such other address as
either party may designate by written notice to the other party):

                  If to Borrower:

                           MFIC Corporation
                           30 Ossipee Road
                           Newton, Massachusetts 02464
                           Attn:  Jack Swig, Esq.

                  If to Secured Party:

                           J. M. Huber Corporation
                           Engineered Materials Division
                           4401 Northside Parkway

                           Suite 600
                           Atlanta, Georgia 30327
                           Attn:  Edward Castorina, Esq.

                  with a copy to:

                           Jones, Day, Reavis & Pogue
                           3500 SunTrust Plaza
                           303 Peachtree Street, N.E.
                           Atlanta, Georgia 30308-3242
                           Attn:  William B. B. Smith, Esq.

     Section 7.04 All rights of the Secured Party hereunder shall inure to the
benefit of its successors and assigns and all obligations of the Borrower
hereunder shall bind Borrower's successors and assigns.

     Section 7.05 TIME IS OF THE ESSENCE HEREOF.

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     Section 7.06 This Agreement may be executed in a number of counterparts,
each of which shall be deemed to be an original, and all of which taken together
shall comprise but a single instrument.

     Section 7.07 This Agreement constitutes the entire agreement between the
parties with respect to the subject matter hereof and, other than as contained
in the Note or that certain Settlement Agreement by and between Borrower and the
Secured Party as of the date hereof, there are no understandings or agreements
or representations relative to this Agreement which are not fully expressed in
this Agreement.

     Section 7.08 THE BORROWER (A) AND THE SECURED PARTY IRREVOCABLY WAIVE, TO
THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF THIS AGREEMENT, (B) SUBMITS TO THE NONEXCLUSIVE
PERSONAL JURISDICTION IN FULTON COUNTY, GEORGIA, OF THE COURTS THEREOF AND THE
UNITED STATES DISTRICT COURTS FOR THE NORTHERN DISTRICT OF GEORGIA, FOR THE
ENFORCEMENT OF THIS AGREEMENT, AND (C) WAIVES ANY AND ALL PERSONAL RIGHTS UNDER
THE LAW OF ANY JURISDICTION TO OBJECT ON ANY BASIS (INCLUDING, WITHOUT
LIMITATION, INCONVENIENCE OF FORUM) TO JURISDICTION OR VENUE WITHIN THE STATE OF
GEORGIA FOR THE PURPOSE OF LITIGATION TO ENFORCE THIS AGREEMENT. NOTHING HEREIN
CONTAINED, HOWEVER, SHALL PREVENT THE SECURED PARTY FROM BRINGING ANY ACTION OR
EXERCISING ANY RIGHTS AGAINST ANY COLLATERAL AND AGAINST THE BORROWER
PERSONALLY, AND AGAINST ANY ASSETS OF THE BORROWER, WITHIN ANY OTHER STATE OR
JURISDICTION OR TO SERVE PROCESS IN ANY MANNER PERMITTED OR REQUIRED BY LAW.

     Section 7.09 In case one or more provisions contained in this Agreement
shall be invalid, illegal or unenforceable in any respect under any laws, the
validity, legality and enforceability of the remaining provisions contained
herein shall remain effective and binding on the parties thereto and shall not
be affected or impaired thereby.

     IN WITNESS WHEREOF, the parties have executed this Agreement under seal by
their duly authorized representatives, as of the date and year first written
above.

MFIC CORPORATION

<TABLE>
<S>                                                                    <C>
By:__________________________________________________                  Attest:_____________________________________

Name:________________________________________________                  Name:_______________________________________

Title:_______________________________________________                  Title:______________________________________
                                                                                           [Corporate Seal]
</TABLE>

                                       6
<PAGE>

J.M. HUBER CORPORATION

<TABLE>
<S>                                                                    <C>
By:__________________________________________________                  Attest:_____________________________________

Name:________________________________________________                  Name:_______________________________________

Title:_______________________________________________                  Title:______________________________________
                                                                                           [Corporate Seal]
</TABLE>

                                       7

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