Document:

Exhibit 10.71

March
20, 2007

Clifford
A. Teller

Managing Director

Director of Investment Banking
 Maxim Group LLC
 405 Lexington Avenue
 New York, NY 10174

Re: General Financial
Advisory and Investment Banking Services Agreement between Maxim Group LLC (“Maxim”)
and MFIC Corporation (the “Company” or “MFIC”) dated November 17, 2004 (the “Agreement”)

Dear Cliff,

Pursuant
to Maxim’s warrant to purchase 100,000 shares of the Company’s common stock
that was part of the non-cash consideration paid to Maxim under the above
Agreement, if a registration statement covering the sale of the shares issuable
upon exercise of Maxim’s Common Stock Warrant was not declared effective on or
before March 31, 2006, the Company would have been required to issue to the
holder upon exercise of the Common Stock Warrant an additional warrant to
purchase shares of common stock of the Company. 
The Company on February 24, 2006 requested that Maxim extend the date by
when the registration statement must become effective by either 30 days (until
April 30, 2006) or 60 days (until May 30, 2006) depending upon whether the
Securities and Exchange Commission (the “SEC”) elected to conduct a full review
of the registration statement. Maxim granted such requested extension.

The
SEC did not declare the SB-2 Registration effective by Notice of Effectiveness
until June 5, 2006.

We
have assumed that the imposition of a penalty if the Company does not meet the
extended requirement for the effectiveness of the registration statement was
prompted by a need to ensure that: (a) the Company would diligently take action
to make the shares underlying the Maxim warrant salable, and (b) Maxim would
want be able to exercise the Warrant and sell the shares if it so desired. We
believe that we have exercised reasonable due diligence but find ourselves in a
position where regulatory authorities did not act to issue a Notice of
Effectiveness to the Company upon the filed registration statement within the
period of extension granted by Maxim. We also note that the trading price of
the Company’s stock during the five day period where the Company did not
benefit from Maxim’s extension was well below the exercise “strike” price of
the Warrant.  Given the above
circumstances, we believe that Maxim would not want to penalize MFIC for the
five day gap in time to get the registration statement effective, especially as
it was beyond our control and did not prejudice Maxim.

If you are amenable to granting to us a waiver of Maxim’s right to
receive additional warrants because of the delay in declaration of
effectiveness of the SB-2 Registration until June 5, 2006, please so indicate
by signing below and returning this letter.

We
ask that you respond promptly as we will have to revise our Form 10-K
disclosure regarding the Maxim Warrant.

Thank you for your assistance and cooperation.

	
  Yours truly,

  	
   

  	
  Maxim Group LLC

  
	
   

  	
   

  	
   

  
	
  /s/ IRWIN GRUVERMAN

  	
   

  	
   

  	
   

  
	
  Irwin Gruverman

  	
  By:

  	
  /s/ CLIFFORD A. TELLER

  
	
  CEO and Chairman

  	
  Title:

  	
  Director of IB

  
	
  MFIC Corporation

  	
  Date:

  	
  3/28/07Exhibit 10.13

CHANGE IN CONTROL SEVERANCE
AGREEMENT

THIS CHANGE IN
CONTROL SEVERANCE AGREEMENT (“Agreement”) entered into this 1st day of January, 2007 (“Effective Date”),
by and between Third Federal Bank (the “Bank”) and Elizabeth Kaspern (the “Employee”).

WHEREAS, the
Employee is currently employed by the Bank as Senior Vice President and is
experienced in all phases of the business of the Bank; and

WHEREAS, the
parties desire by this writing to set forth the rights and responsibilities of
the Bank and Employee if the Bank should undergo a change in control (as
defined hereinafter in the Agreement) after the Effective Date.

NOW, THEREFORE, it
is AGREED as follows:

1.             Employment.  The Employee is employed in the capacity as
the Senior Vice President.  The Employee
shall render such administrative and management services to the Bank and TF
Financial Corporation (“Parent”) as are currently rendered and as are
customarily performed by persons situated in a similar executive capacity.  The Employee’s employment shall be for no
definite period of time, and the Employee or the Bank may terminate such
employment relationship at any time for any reason or no reason.  The employment at-will relationship remains
in full force and effect regardless of any statements to the contrary made by
company personnel or set forth in any documents other than those explicitly
made to the contrary and signed by the President or the Chairman of the Bank.
The Employee’s other duties shall be such as the President or the Board of
Directors for the Bank (the “Board of Directors” or “Board”) may from time to
time reasonably direct, including normal duties as an officer of the Bank.

2.             Term of Agreement.  The term of this Agreement shall be for the
period commencing on the Effective Date and ending twenty-four (24) months
thereafter.   Additionally, on, or
before, each annual anniversary date from the Effective Date, the term of this
Agreement may be extended for an additional one year period beyond the then
effective expiration date upon a determination and resolution of the Board of
Directors that the performance of the Employee has met the requirements and
standards of the Board, and that the term of such Agreement shall be
extended.  This Agreement shall be deemed
terminated upon the Employee’s termination of employment with the Bank, absent
a Change in Control coincident with or prior to such termination of employment.

3.                                       Termination
of Employment in Connection with or Subsequent to a Change in Control.

(a)           Notwithstanding any provision herein
to the contrary, in the event of the involuntary termination of Employee’s
employment under this Agreement, absent Just Cause, in connection with, or
within one year following, any Change in Control of the Bank or Parent,
Employee shall be paid an amount equal to two (2) times the prior (3) calendar
year (or lesser period if not employed for such 3 year period) average annual
compensation paid to the Employee by the Bank (whether said amounts were
received or deferred by the Employee). In addition, Employee shall be
reimbursed for the costs associated with maintaining coverage under the Bank’s
medical and dental insurance reimbursement plans similar to that in effect on
the date of termination of employment, or similar plans provided for by the
Bank or its successor entity, for a period of one year thereafter.  Said sum shall be paid in one (1) lump sum
on, or before the date of such date of termination of employment, and such
payments shall be in lieu of any other future payments which the Employee would
be otherwise entitled to receive. Notwithstanding the forgoing, all sums
payable hereunder shall be reduced in such manner and to such extent so that no
such payments made hereunder when aggregated with all other payments to be made
to the Employee by the Bank or the Parent shall be deemed an “excess parachute
payment” in accordance with Section 280G of the Internal Revenue Codes of 1986,
as amended (the “Code”) and be subject to the excise tax provided at Section
4999(a) of the Code. The term 

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“Change in Control”
shall mean:  (i) the sale of all, or
a material portion, of the assets of the Bank or the  Parent; (ii) the merger or
recapitalization of the Bank or the Parent whereby the Bank or the Parent is
not the surviving  entity; (iii) a
change in control of the Bank or the Parent, as otherwise defined or determined
by the Office of Thrift Supervision or regulations promulgated by it; or
(iv) the acquisition, directly or indirectly, of the beneficial ownership
(within the meaning of that term as it is used in Section 13(d) of the
Securities Exchange Act of 1934 and the rules and regulations promulgated
thereunder) of twenty-five percent (25%) or more of the outstanding
voting securities of the Bank or the Parent by any person, trust, entity or
group.  The term “person” means an
individual other than the Employee, or a corporation, partnership, trust,
association, joint venture, pool, syndicate, sole proprietorship,
unincorporated organization or any other form of entity not specifically listed
herein.

(b)           Notwithstanding any other provision
of this Agreement to the contrary except as provided at Sections 4(b), 4(c),
4(d), 4(e) and 5, Employee may voluntarily terminate his or her employment
under this Agreement within one year following a Change in Control of the Bank
or Parent, and Employee shall thereupon be entitled to receive the payment and
benefits described in Section 3(a) of this Agreement, upon the occurrence, or
within ninety (90) days thereafter, of any of the following events, which have
not been consented to in advance by the Employee in writing: (i) if Employee
would be required to move his personal residence or perform his principal
executive functions more than fifty (50) miles from the Employee’s primary
office as of the signing of this Agreement; (ii) if in the organizational
structure of the Bank or Parent, Employee would be required to report to a
person or persons deemed to be at a management level below the management level
to which Employee was reporting to prior to the Change in Control; (iii) if the
Bank or Parent should fail to maintain the Employee’s base compensation in
effect as of the date of the Change in Control and existing employee benefits
plans, including material fringe benefit, stock option and retirement plans,
except to the extent that such reduction in benefit programs is part of an
overall adjustment in benefits for all employees of the Bank or Parent and does
not disproportionately adversely impact the Employee; (iv) if Employee would be
assigned duties and responsibilities other than those normally associated with
his position as referenced at Section 1, herein, for a period of more than six
months; or (v) if Employee’s responsibilities or authority have in any way been
materially diminished or reduced for a period of more than six months.

4.             Other Changes in Employment
Status.

(a)           Except as provided for at Section 3,
herein, the Board of Directors may terminate the Employee’s employment at any
time, but any termination by the Board of Directors other than termination for
Just Cause, shall not prejudice the Employee’s right to compensation or other
benefits under the Agreement.  This
Agreement shall not be deemed to give the Employee any right to be retained in
the employment or service of the Bank, or to interfere with the right of the
Bank to terminate the employment of the Employee at any time.  The Employee shall have no right to receive
compensation or other benefits for any period after termination of employment
with or without Just Cause, except as detailed herein.  Termination for “Just Cause” shall include
termination because of the Employee’s personal dishonesty, incompetence,
willful misconduct, breach of fiduciary duty involving personal profit,
intentional failure to perform stated duties, willful violation of any law,
rule or regulation (other than traffic violations or similar offenses) or final
cease-and-desist order, or material breach of any provision of the Agreement.

(b)           If the Employee is removed and/or
permanently prohibited from participating in the conduct of the Bank’s affairs
by an order issued under Sections 8(e)(4) or 8(g)(1) of the Federal Deposit
Insurance Act (“FDIA”) (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of
the Bank under this Agreement shall terminate, as of the effective date of the
order, but the vested rights of the parties shall not be affected.

(c)           If the Bank is in default (as defined
in Section 3(x)(1) of FDIA) all obligations under this Agreement shall
terminate as of the date of default, but this paragraph shall not affect any
vested rights of the contracting parties.

(d)           All obligations under this Agreement
shall be terminated, except to the extent determined that continuation of this
Agreement is necessary for the continued operation of the Bank: (i) by the
Director of the Office of Thrift Supervision (“Director of OTS”), or his or her
designee, at the time that the Federal Deposit Insurance 

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Corporation (“FDIC”)
enters into an agreement to provide assistance to or on behalf of the Bank
under the authority contained in Section 13(c) of FDIA; or (ii) by the Director
of the OTS, or his or her designee, at the time that the Director of the OTS,
or his or her designee approves a supervisory merger to resolve problems
related to operation of the Bank or when the Bank is determined by the Director
of the OTS to be in an unsafe or unsound condition.  Any rights of the parties that have already
vested, however, shall not be affected by such action.

(e)           Notwithstanding anything herein to
the contrary, any payments made to the Employee pursuant to the Agreement, or
otherwise, shall be subject to and conditioned upon compliance with 12 USC
§1828(k) and any regulations promulgated thereunder.

5.             Suspension of Employment .  If the Employee is suspended and/or
temporarily prohibited from participating in the conduct of the Bank’s affairs
by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C.
1818(e)(3) and (g)(1)), the Bank’s obligations under the Agreement shall be
suspended as of the date of service, unless stayed by appropriate
proceedings.  If the charges in the
notice are dismissed, the Bank shall, (i) pay the Employee all or part of the
compensation withheld while its contract obligations were suspended and (ii)
reinstate any of its obligations which were suspended.

6.             Successors and Assigns.

(a)           This Agreement shall inure to the
benefit of and be binding upon any corporate or other successor of the Bank
which shall acquire, directly or indirectly, by merger, consolidation, purchase
or otherwise, all or substantially all of the assets or stock of the Bank.

(b)           The Employee shall be precluded from
assigning or delegating his rights or duties hereunder without first obtaining
the written consent of the Bank.

7.             Amendments.       No amendments or additions to this
Agreement shall be binding upon the parties hereto unless made in writing and
signed by both parties, except as herein otherwise specifically provided.

8.             Applicable Law.   This agreement shall be governed by all
respects whether as to validity, construction, capacity, performance or
otherwise, by the laws of the Commonwealth of Pennsylvania, except to the
extent that Federal law shall be deemed to apply.

9.             Severability.          The provisions of this Agreement shall
be deemed severable and the invalidity or unenforceability of any provision
shall not affect the validity or enforceability of the other provisions hereof.

10.           Arbitration.  Any controversy or claim arising out of or
relating to this Agreement, or the breach thereof, shall be settled by
arbitration in accordance with the rules then in effect of the district office
of the American Arbitration Association (“AAA”) nearest to the home office of
the Bank, and judgment upon the award rendered may be entered in any court
having jurisdiction thereof, except to the extent that the parties may
otherwise reach a mutual settlement of such issue.  The Bank shall incur the cost of all fees and
expenses associated with filing a request for arbitration with the AAA, whether
such filing is made on behalf of the Bank or the Employee, and the costs
and  administrative fees associated with
employing the arbitrator and related administrative expenses assessed by the
AAA.  Each party shall be responsible for
any fees incurred on its own behalf with respect to other expenses, including
attorneys’ fees, arising from such dispute, proceedings or actions.

11.           Confidentiality.

(a)           Employee agrees that, at all times
hereafter, he or she will keep all confidential and proprietary business and
marketing strategies of Bank and any and all other information which he or she
learned regarding the Bank during the course of his or her employment by Bank,
in strictest confidence and will not disclose any part or aspect thereof to
anyone for any reason unless required by law to do so.

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(b)           All marketing and business materials,
existing or prospective customer lists or statements, seminar materials,
drawings, designs, books, cards, records, accounts, audio visual reports,
slides, files, notes, memoranda, and other papers, and any software, computer
programs, or data base information or any other information obtained from Bank
or connected with or arising from any affairs of Bank or his or her employment
hereunder (the “Records”), in the charge or possession or knowledge of Employee
shall be and remain the exclusive property of Bank and shall not be used,
transferred or disclosed in any way by Employee except in the ordinary
performance of Employee’s duties for Bank while an employee of Bank.  Upon the termination of Employee’s
employment, any and all Records of whatever kind and in whatever form
maintained, as well as all copies and reproductions thereof in the possession
or control of Employee shall be turned over and delivered by Employee to Bank
without any hesitancy or delay.

12.           Compliance With Section 409A.  Notwithstanding anything herein to the
contrary, any payments to be made in accordance with this Agreement shall not
be made prior to the date that is 184 calendar days from the date of the
Employee’s termination of employment if it is determined by the Bank or the
Parent in good faith that such payments to be made to such Employee are subject
to the limitations at Section 409A of the Code and regulations promulgated
thereunder such that if the payments made in advance of such date would result
in the requirement for the Employee to pay additional interest and taxes to be
imposed in accordance with Section 409A(a)(1)(B) of the Code.

13.           Entire Agreement.                This Agreement together with any
understanding or modifications thereof as agreed to in writing by the parties,
shall constitute the entire agreement between the parties hereto.

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IN WITNESS
WHEREOF, the parties have executed this Agreement on the date first hereinabove
written.

	
  

  	
   

  	
  THIRD FEDERAL BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Kent C. Lufkin

  
	
  ATTEST:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Secretary

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WITNESS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Elizabeth
  Kaspern, Employee

  	
   

  	
   

  

 

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