Document:

Service Agreement

 Exhibit 10.7 
  
 SERVICE AGREEMENT 
  
 This service agreement (“Agreement”) is effective as of July 1, 2003 by and among the WORLD MONITOR TRUST—SERIES A, B AND C, WORLD MONITOR TRUST
II—SERIES D, E, AND F, DIVERSIFIED FUTURES TRUST I, DIVERSIFIED FUTURES TRUST II and PRUDENTIAL SECURITIES STRATEGIC TRUST (each a “Trust” and collectively, the “Trusts”), PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC., as the managing owner of each of the Trusts (the “Managing Owner”) and WACHOVIA SECURITIES, LLC (the “Service Provider”). 
  
 WHEREAS, each of the Trusts is a Delaware business trust organized to trade futures contracts and other investments;

  
 WHEREAS, the Managing Owner is a Delaware corporation registered
with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (“CTA”); 
  

WHEREAS, Service Provider is registered with the CFTC and the National Futures Association (“NFA”) as a futures commission merchant
(“FCM”) and is also registered as a broker-dealer with the Securities and Exchange Commission (“SEC”) and is a member of the National Association of Securities Dealers, Inc. (“NASD”); 
  
 WHEREAS, each of the Trusts has sold interests to the public (the
“Interests”) pursuant to the terms of a prospectus (each, a “Prospectus”); and 
  
 WHEREAS, the Managing Owner wishes to engage the Service Provider as a service provider for the Trusts and the Service Provider wishes to act as a service
provider for the Trusts. 
  
 NOW, THEREFORE, in consideration of
their mutual covenants and undertakings and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
  

1.  Services to be Provided 
  
 The Service Provider agrees to perform the following services for limited owners of the Trusts that have accounts with the Service Provider (“Limited
Owners”): (a) inquiring of the Managing Owner from time to time, at the request of a Limited Owner, as to the Net Asset Value per Interest; (b) inquiring of the Managing Owner from time to time, at the request of a Limited Owner, regarding the
commodity interest markets or any Trust; (c) assisting, at the request of the Managing Owner, in the redemption, exchange and transfer of Interests; and (d) providing such other services to the Limited Owners as the Managing Owner may, from time to
time, reasonably request. To the extent that the Service Provider utilizes the services of its employees to assist it in performing the services described above, each such employee will be registered with the CFTC and will have passed either the
Series 3 National Commodity Futures Examination or the Series 31 Futures Managed Funds Examination. 
  
 In connection with the foregoing services, the Service Provider shall not give any written material other than such written material as has been approved in advance
by each of the Trusts or the Managing Owner. The Service Provider shall make no oral representation to any Limited Owner unless such representation is specifically set forth in the applicable Prospectus or properly approved written material.

  
 2.  Undertakings 
  
 The Managing Owner and the Trusts agree to cooperate with the Service Provider in the
performance of the Service Provider’s services hereunder, and to provide the Service Provider with any and all information and documentation that the Service Provider reasonably requires in order to perform the services contemplated by this
Agreement. Without limiting the generality of the foregoing, the Managing Owner agrees to provide the Service Provider with copies of (i) each Prospectus and any amendments or 

 
supplements thereto; (ii) any and all monthly and annual reports of any Trust; and (iii) all correspondence sent by any Trust and/or the Managing Owner to the Limited
Owners. 
  
 3.  Representations and Warranties of the Managing Owner

  
 The Managing Owner represents and warrants to the Service Provider
that: 
  

	 	A.	Each of the Managing Owner and the Trusts has obtained and possesses all required governmental, regulatory and commodity exchange approvals and licenses and that each has effected all filings
and registrations required in order to enter into and perform this Agreement, to conduct its business generally and to perform its obligations described hereunder and as described in the Prospectus. 

  

	 	B.	Each of the Managing Owner and the Trusts will maintain such approvals, licenses, filings and registrations throughout the term of this Agreement and shall notify the Service Provider
immediately of any material change in such approvals, licenses, filings or registrations. 

  

	 	C.	Each of the Managing Owner and the Trusts has complied with all laws, rules and regulations applicable to its business, including rules and regulations promulgated by the CFTC and NFA, the
violation of which would materially and adversely affect their respective business, financial condition or earnings. 

  

	 	D.	There are no actions, suits or proceedings pending or, to the best of the Managing Owner’s knowledge, threatened against the Managing Owner or any Trust at law or in equity or before or
by any Federal, state, municipal or other governmental or regulatory department, commission, board, bureau, agency or instrumentality, or by any commodity or security exchange worldwide in which an adverse decision would materially and adversely
affect the ability of the Managing Owner or any Trust to comply with and perform their respective obligations under this Agreement or any Prospectus. 

  

	 	E.	This Agreement has been duly and validly authorized, executed and delivered and is a valid and binding agreement, enforceable against the Managing Owner and each Trust in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy, moratorium, insolvency or other laws now or hereafter enacted affecting the enforcement of creditors’ rights generally and by legal and equitable restrictions on the
availability of equitable remedies, including specific performance. 

  

	 	F.	Neither the Managing Owner nor any Trust will use the Service Provider’s name in any documents or correspondence in connection with any Trust without the express written consent of the
Service Provider, which consent shall not be unreasonably withheld. 

  
 The representations and warranties contained in this Section 3 shall continue during the term of this Agreement, and, if at any time any event has occurred which would make or tend to make any of the foregoing not true, the Managing Owner
will promptly notify the Service Provider in writing of such event. 
  
 4.  Representations and Warranties of the Service Provider 
  
 The Service Provider hereby represents and warrants to the Trusts and to the Managing Owner that: 
  

	 	A.	It is duly registered Futures Commission Merchant as that term is defined under Section 4d of the Commodity Exchange Act as amended and the regulations thereunder and is a registered member
of NFA. 

  

	 	B.	It is registered with the SEC as a broker-dealer and is a registered member of the NASD. 

  

	 	C.	It will maintain the foregoing registration status throughout the time it performs any services under this Agreement. 

  

	 	D.	It has complied with all laws, rules and regulations having application to its business, including rules and regulations promulgated by the CFTC and NFA, the violation of which would
materially and adversely affect the business, financial condition or earnings of the Service Provider. 

  

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	 	E.	There are no actions, suits or proceedings pending or, to the best knowledge of the Service Provider, threatened at law or in equity or before or by any Federal, state, municipal or other
governmental or regulatory department, commission, board, bureau, agency or instrumentality, or by any commodity or security exchange worldwide in which an adverse decision would materially and adversely affect the ability of the Service Provider to
comply with and perform it obligations under this Agreement, except as set forth in Exhibit A attached hereto. 

  

	 	F.	This Agreement has been duly and validly authorized, executed and delivered and is a valid and binding agreement, enforceable against it, in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, moratorium, insolvency or other laws now or hereafter enacted affecting the enforcement of creditors’ rights generally and by legal and equitable restrictions on the availability of
equitable remedies, including specific performance. 

  

	 	G.	The Service Provider will not use the name of the Managing Owner or any Trust in any documents or correspondence, other than those necessary for the Service Provider to perform the services
enumerated in Section 1 hereof, without the express written consent of such Trust and the Managing Owner, which consent shall not be unreasonably withheld. 

  
 The representations and warranties contained in this Section 4 shall continue during the term of this Agreement, and, if at any time
any event has occurred which would make or tend to make any of the foregoing not true, the Service Provider will notify the Managing Owner and each Trust in writing of such event. 
  
 5.  Indemnification 
  

	 	A.	The Managing Owner and the Trust shall indemnify and hold harmless the Service Provider, and its officers, directors, employees and affiliates, from any claims, suits, controversies,
judgments, losses, awards or settlements (including, without limitation, reasonable attorneys’ fees and expenses) caused by, or related to, (i) the Managing Owner’s or the Trust’s material breach of any applicable provision of this
Agreement; or (ii) the Managing Owner’s or the Trust’s negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. Notwithstanding the preceding sentence, the
Managing Owner and the Trust shall be entitled to an appropriate offset for any indemnification obligations that are caused, in part or in whole, by Service Provider’s breach of any provision of this Agreement or Service Provider’s
negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. 

  

	 	B.	The Service Provider shall indemnify and hold harmless the Managing Owner and the Trust, and their respective officers, directors, employees and affiliates, from any claims, suits,
controversies, judgments, losses, awards or settlements (including, without limitation, reasonable attorneys’ fees and expenses) caused by, or related to, (i) the Service Provider’s material breach of any applicable provision of this
Agreement; or (ii) the Service Provider’s negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. Notwithstanding the preceding sentence, the Service Provider
shall be entitled to an appropriate offset for any indemnification obligations that are caused, in part or in whole, by the Managing Owner’s or the Trust’s breach of any provision of this Agreement or Service Provider’s negligence,
intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. 

  
 6.  Limitation of the Service Provider’s Liability 
  
 The Service Provider shall incur no liability to any of the Trusts, the Managing Owner, any Limited Owner or any other party except to the extent caused by the
Service Provider’s negligence or willful misconduct in performing its obligations under this Agreement, or its material breach of any representation, warranty, covenant or term of this Agreement. 
  

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 7.  Compensation 
  
 In consideration of the Service Provider’s services provided as specified herein, the Managing Owner will pay or cause to be paid to the Service Provider a
monthly service fee, which on an annual basis will equal 4% of the Net Asset Value of such Interests beneficially owned by Limited Owners of each Trust as of the applicable date of determination who hold such Interests through accounts maintained
with the Service Provider, provided that, as set out in Section 1, the Service Provider remains registered with the CFTC as a FCM and remains a member in good standing of the NFA in such capacity, and the registered representatives of the Service
Provider responsible for the servicing of each Interest which is the subject of the compensation paid to the Service Provider hereunder are registered with the CFTC and have passed either the Series 3 National Commodity Futures Examination or the
Series 31 Futures Managed Funds Examination. These payments should be made within a reasonable time following each month, but in no event later than 15 days following the end of each month. From the date of this Agreement, and until further written
notice from the Managing Owner, the Service Provider shall be paid such fees out of the brokerage and services fee that Prudential Equity Group, Inc., f/k/a Prudential Securities Incorporated (“PEG”) receives from each Trust. 

 
 8.  Miscellaneous 
  

	 	A.	This Agreement shall be binding upon and inure to the benefit of the parties’ respective successors and permitted assigns; provided that such successors and assigns shall be deemed to
make the same representations and warranties contained in this Agreement as their predecessors. 

  

	 	B.	This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to conflict of law principles. 

  

	 	C.	This Agreement constitutes the entire agreement among the parties hereto with respect to the matters referred to herein and supersedes any prior agreements, whether verbal or written, among
them. 

  

	 	D.	This Agreement may not be amended except by the express written consent of the parties hereto. No waiver of any provision of this Agreement may be implied from any course of dealing among the
parties or from any failure by any party to assert its rights under this Agreement on any occasion or series of occasions. 

  

	 	E.	If any provision of this Agreement, or the application of any such provision to any person or circumstance, shall be held to be inconsistent with any present or future law, ruling, or
regulation of any court or regulatory body, exchange, or board of trade having jurisdiction over the subject matter of this Agreement, such provision shall be deemed to be rescinded or modified in accordance with such law, ruling, rule or
regulation, and the remainder of this Agreement, or the application of such provisions to persons or circumstances other than those as to which it is held inconsistent, shall not be effected thereby. 

  

	 	F.	Any and all disputes arising out of or relating to this Agreement shall be settled by arbitration pursuant to the rules of the NFA in force at the time arbitration is demanded. Any award
rendered thereon by the arbitrators shall be final and binding on each and all the parties thereto and judgment may be entered in any court having jurisdiction thereof. 

  

	 	G.	This Agreement may not be assigned by any party without the prior written consent of the other parties; provided, however, each Trust and the Service Provider agree that the Managing
Owner may assign this Agreement in connection with the sale of, and to the acquiror of, all or substantially all of the business or assets of the Managing Owner, provided such acquiror expressly assumes and agrees in writing to perform this
Agreement in the same manner and to the same extent that the Managing Owner would be required to perform if no such transaction had taken place. For the avoidance of doubt, it shall not be considered an assignment of this Agreement by the Managing
Owner if the ownership of the Managing Owner is transferred to an affiliate of PEG, including, but not limited to, Prudential Financial Derivatives, LLC. 

  

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	 	H.	This Agreement may be executed and delivered in counterparts, each of which will be deemed an original. 

  

	 	I.	Headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

  
 9.  Termination 
  
 This Agreement may be terminated by any party hereto upon 30 days’ prior written
notice to the other parties. Such notice shall have no effect on any outstanding rights, obligations or liabilities of the parties prior to the receipt of such notice and the effective date of termination of this Agreement. 
  
 10.  Notices 
  
 Any notice required to be delivered pursuant to this Agreement shall be in writing and shall be delivered by courier service, telex,
facsimile transmission, or other similar means and shall be effective upon receipt by the party to whom such notice shall be directed. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed for and on behalf of the undersigned with effect as of
the date written above. 
  

			
	 WORLD MONITOR TRUST—SERIES A, B AND C
BY:
PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC.

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 WORLD MONITOR TRUST II—SERIES D, E AND
F
BY: PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC. 

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 DIVERSIFIED FUTURES TRUST
BY: PRUDENTIAL
SECURITIES FUTURES MANAGEMENT INC.

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 DIVERSIFIED FUTURES TRUST II
BY: PRUDENTIAL
SECURITIES FUTURES MANAGEMENT INC.

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 PRUDENTIAL SECURITIES STRATEGIC TRUST
BY:
PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC.

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 PRUDENTIAL SECURITIES FUTURES MANAGEMENT
INC.
  

		
	By:	  	/s/    Brian Martin        
	 	 	

	 	  	 Name: Brian Martin
 Title: President

  

			
	 WACHOVIA SECURITIES, LLC
  

		
	By:	  	/s/    Leah Wehinger        
	 	 	

	 	  	 Name: Leah Wehinger
 Title: Managing Director

  

 6First Amendment to Loan and Security Agreement

 Exhibit 4.2.2 
  
 FIRST AMENDMENT 
 TO 
 LOAN AND SECURITY AGREEMENT 
  
 FIRST AMENDMENT, dated as of February 25, 2003 (this “Amendment”), to the Loan and Security
Agreement, dated as of January 6, 2003, by and among, on the one hand, the lenders identified on the signature pages thereof (each a “Lender” and collectively, the “Lenders”), FOOTHILL CAPITAL CORPORATION, a
California corporation, as the arranger and administrative agent for the Lenders (“Agent”), and, on the other hand, NUMATICS, INCORPORATED, a Michigan corporation (“Parent”), each of Parent’s domestic
Subsidiaries identified on the signature pages thereof (together with Parent, each a “U.S. Borrower”, and collectively, the “U.S. Borrowers”), NUMATICS LTD., a corporation organized under the laws of Canada
(“Canadian Borrower”), and NUMATICS GMBH, a corporation organized under the laws of Germany (“German Borrower” and together with the U.S. Borrowers and the Canadian Borrower, each a
“Borrower” and collectively, the “Borrowers”). 
  
 WHEREAS, the Borrowers, the Agent and the Lenders are willing to amend the Loan Agreement; 
  
 NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as follows: 
  
 1. Definitions. Any capitalized term used herein and not defined
herein shall have the meaning assigned to it in the Loan Agreement. 
  
 2. New Definitions. The following definition of the term “Note Repurchase Escrow Agreement” is hereby added to Section 1.1 of the Loan Agreement: 
  
 “‘Note Repurchase Escrow Agreement’ has the meaning set forth in Section
2.2(c)(iii).” 
  
 3. Term Loans. Section 2.2(c) of
the Loan Agreement is hereby amended in its entirety to read as follows: 
  
 “(c) Subject to the terms and conditions of this Agreement, including the following terms and conditions, each Lender with a Term Loan C Commitment agrees (severally, not jointly or jointly and severally) to make
term loans (collectively, the “Term Loan C”) to U.S. Borrowers in an aggregate principal amount equal to such Lender’s Pro Rata Share of the Term Loan C Amount: 
  
 (i) Any amounts drawn under the Term Loan C must be drawn during a 30 consecutive day period, commencing on
the date of the first drawing under the Term Loan C, within 6 months of the Closing Date and shall not exceed the Term Loan C Commitment (it being understood that amounts borrowed during such 30 consecutive day period may be repaid and, subject to
Section 3.3(e), reborrowed at any time during such 30 consecutive day period). 

 (ii) Each Borrowing of the Term Loan C shall be made by an irrevocable written request by
an Authorized Person delivered to Agent not later than 10:00 a.m. (California time) 2 Business Days prior to the date that is the requested Funding Date (or such shorter period as the Agent and the Lenders with a Term Loan C Commitment are willing
to accommodate from time to time), (A) specifying (1) the amount of such Borrowing and (2) the requested Funding Date, which shall be a Business Day and (B) certifying that the Parent has entered into an agreement with certain of the noteholders to
purchase their Subordinated Notes with the proceeds of such Borrowing. 
  
 (iii) Each Borrowing of the Term Loan C shall be (A) funded into an escrow account established pursuant to that certain Escrow Agreement, dated as of February 21, 2003 (the “Note Repurchase Escrow
Agreement”), by and between the Parent and Deutsche Bank Trust Company Americas and (B) to the extent not used to repurchase Parent’s Subordinated Notes in accordance with Section 7.8(a) within 4 Business Days of the Funding
Date thereof, repayed to the Agent for application to the outstanding principal amount of the Term Loan C. 
  
 (iv) Subject to Section 3.6, U.S. Borrowers may at any time prepay all or a portion of the Term Loan C, provided that (other
than in connection with a repayment of the Term Loan C pursuant to clause (iii) above) (A) no Event of Default shall have occurred and be continuing or would result from such prepayment, (B) the outstanding principal amount of the Term Loan A
has been paid in full, and (C) immediately after giving effect to such prepayment, Borrowers have Excess Availability of not less than $5,000,000. 
  
 (v) The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan C shall be due and payable on the
date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration. 
  
 (vi) All amounts outstanding under the Term Loan C shall constitute Obligations. 
  
 (vii) Any principal amount of the Term Loan C repaid or
prepaid (other than in connection with a repayment of the Term Loan C pursuant to clause (iii) above) may not be reborrowed.” 
  
 4. Conditions Precedent to All Extensions of Credit. Section 3.3(e) of the Loan Agreement is hereby amended in its entirety to read as follows:

  
 “(e) in the case of each and every
funding of the Term Loan C, (i) Borrowers shall (A) have Excess Availability of not less than $5,000,000 and (B) be in compliance with the financial covenants set forth in Section 7.20 on a pro forma basis, in each case, after giving effect
to such funding of the Term Loan C and all other extensions of credit hereunder and the payment of all fees and expenses required to be paid by Borrowers under this Agreement and the other Loan Documents, (ii) Borrowers shall 
  

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 have paid any fees then payable pursuant to the Fee Letter and any Lender Group Expenses then due and
payable (it being understood that the Term Loan C Funding Fee set forth in Paragraph 6 of the Fee Letter shall be non-refundable, fully earned and payable in full on the date of the initial funding of the Term Loan C), (iii) no Term Loan C Deficit
or U.S. Advance Deficit exists, after giving pro forma effect to such funding of the Term Loan C, (iv) such funding shall have occurred within 30 consecutive days of the initial funding of the Term Loan C, (v) Parent shall have entered into the Note
Repurchase Escrow Agreement and such funding shall be made into an escrow account established pursuant thereto, and (vi) Lenders with a Term Loan C Commitment shall be satisfied that the Borrowers will use the proceeds of the Term Loan C for the
repurchase of Parent’s Subordinated Notes in accordance with Section 7.8(a) within 4 Business Days of the Funding Date thereof (it being understood that any portion of the Term Loan C not so used shall be repayed to the Agent for
application to the Obligations in accordance with Section 2.2(c)(iii)).” 
  
 5. Payments, Prepayments and Amendments. Section 7.8(a) of the Loan Agreement is hereby amended by deleting clause (F) of the proviso therein and substituting in lieu thereof the following: 
  
 “(F) within 2 Business Days of the repurchase thereof, all Subordinated
Notes so repurchased shall be deposited into a Securities Account that is subject to a Control Agreement (it being understood that, so long as no Default or Event of Default shall have occurred and be continuing, Parent may receive and retain any
and all interest payments paid in respect of the Subordinated Notes so repurchased).” 
  
 6. Conditions to Effectiveness. The effectiveness of this Amendment is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent (the date such conditions
are fulfilled or waived by the Lenders is hereafter referred to as the “Amendment Effective Date”): 
  
 (a) The representations and warranties contained herein, in Section 5 of the Loan Agreement and in each other Loan Document and certificate or other
writing delivered to the Agent or any Lender pursuant hereto on or prior to the Amendment Effective Date shall be true and correct in all material respects on and as of the Amendment Effective Date as though made on and as of such date, except to
the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall be true and correct in all material respects on and as of such date). 
  
 (b) No Default or Event of Default shall have occurred and be continuing on
the Amendment Effective Date, or result from this Amendment becoming effective in accordance with its terms. 
  
 (c) The Agent and the Lenders shall have executed this Amendment and received a counterpart of this Amendment, which bears the signature of each
Borrower. 
  

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 7. Representations and Warranties. Each Borrower hereby represents and warrants to the Agent and
the Lenders as follows: 
  
 (a) The representations and
warranties herein, in Section 5 of the Loan Agreement and in each other Loan Document and certificate or other writing delivered to the Agent or any Lender pursuant hereto on or prior to the Amendment Effective Date are true and correct in all
material respects on and as of the Amendment Effective Date as though made on and as of such date, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and
warranties are true and correct in all material respects on and as of such date). 
  
 (b) No Default or Event of Default has occurred and is continuing or would result from this Amendment becoming effective in accordance with its terms. 
  
 (c) Each Borrower (i) is duly organized and existing and in good standing under the laws of the jurisdiction of its
organization, (ii) has all requisite power and authority to execute, deliver and perform this Amendment and to perform the Loan Agreement, as amended hereby, and (iii) is duly qualified to do business in each jurisdiction in which the character of
the properties owned or leased by it or in which the transaction of its business makes such qualification necessary except where the failure to be so qualified could not be expected to have a Material Adverse Change. 
  
 (d) The execution, delivery and performance by each Borrower of this
Amendment and the performance by each Borrower of the Loan Agreement, as amended by this Amendment, (i) have been duly authorized by all necessary action, and (ii) do not and will not contravene such Borrower’s Governing Documents. 

 
 (e) The execution, delivery, and performance by each Borrower of this
Amendment and the performance by each Borrower of the Loan Agreement, as amended by this Amendment, do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority or
other Person. 
  
 (f) This Amendment and the Loan Agreement, as
amended by this Amendment, when executed and delivered by each Borrower will be the legally valid and binding obligation of each Borrower, enforceable against each Borrower in accordance with their respective terms. 
  
 8. Miscellaneous. 
  
 (a) Continued Effectiveness of the Loan Agreement. Except as
otherwise expressly provided herein, the Loan Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, except that on and after the Amendment Effective Date
(i) all references in the Loan Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the Loan Agreement shall mean the Loan Agreement as amended by this Amendment,
and (ii) all references in the other Loan Documents to the “Loan Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Loan Agreement shall mean the Loan Agreement as amended
by this Amendment. Except as expressly provided herein, the execution, 
  

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 delivery and effectiveness of this Amendment shall not operate as an amendment of any right, power or remedy of the Agent
or the Lenders under the Loan Agreement or any other Loan Document, nor constitute an amendment of any provision of the Loan Agreement or any other Loan Document. 
  
 (b) Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment by telefacsimile shall be equally as effective
as delivery of an original executed counterpart of this Amendment. 
  
 (c) Headings. Section headings herein are included for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 
  
 (d) Governing Law. This Amendment shall be governed by, and construed in accordance with, the law of the State of
New York. 
  
 (e) Costs and Expenses. The Borrowers agree
to pay on demand all fees, costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this Amendment and any other related agreements, instruments and documents. 
  
 (f) Amendment as Loan Document. Each Borrower hereby acknowledges and
agrees that this Amendment constitutes a “Loan Document” under the Loan Agreement. Accordingly, it shall be an Event of Default under the Loan Agreement if any representation or warranty made by any Borrower under or in connection with
this Amendment shall have been untrue, false or misleading in any material respect when made. 
  
 (g) No Waiver. This Amendment is not a waiver of, or consent to, any Default or Event of Default now existing or hereafter arising under the Loan Agreement or any other Loan Document and the Agent and the
Lenders expressly reserve all of their rights and remedies under the Loan Agreement and the other Loan Documents, under applicable law or otherwise. 
  

 - 5 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as
of the date first above written. 
  

			
	BORROWERS:
	
	NUMATICS, INCORPORATED
	 a Michigan corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Vice President

	
	MICRO-FILTRATION, INC.
	 a Michigan corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	NUMATION, INC.
	 a Michigan corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	NUMATECH, INC.
	 a Michigan corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	ULTRA AIR PRODUCTS, INC.
	 a Michigan corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

  
  

 - 6 - 

			
	MICROSMITH, INC.
	 an Arizona corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	EMPIRE AUTOMATION SYSTEMS, INC.
	 a New York corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	NUMATICS LTD.
	 a Canadian corporation

		
	 By:
	 	 /s/ Robert P. Robeson

	 Name:
	 	 Robert P. Robeson

	 Title:
	 	 Secretary

	
	NUMATICS GMBH
	 a German corporation

		
	 By:
	 	 /s/ John H. Welker

	 Name:
	 	 John H. Welker

	 Title:
	 	 General Manager

  

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	AGENT AND LENDER:
	
	FOOTHILL CAPITAL CORPORATION
	 a California corporation, as Agent and as Lender

		
	 By:
	 	 /s/ Vincent J. Egan, Jr.

	 Name:
	 	 Vincent J. Egan, Jr.

	 Title:
	 	 Vice President

	
	LENDERS:
	
	ABLECO FINANCE LLC
	 a Delaware limited liability company, as a Lender

		
	 By:
	 	 /s/ Kevin P. Genda

	 Name:
	 	 Kevin P. Genda

	 Title:
	 	 Senior Vice President

	
	HIGHBRIDGE/ZWIRN SPECIAL OPPORTUNITIES FUND, L.P.
	 a Delaware limited partnership, as a Lender

		
	 By:
	 	 Highbridge/Zwirn Capital Management, LLC,

	 	 	 its General Partner

		
	 By:
	 	 /s/ Daniel P. Zwirn

	 Name:
	 	 Daniel P. Zwirn

	 Title:
	 	 Managing Member

	
	LASALLE BUSINESS CREDIT, LLC
	 a Delaware limited liability company, as a Lender

		
	 By:
	 	 /s/ Dale P. Grzenia

	 Name:
	 	 Dale P. Grzenia

	 Title:
	 	 First Vice President

  
  

 - 8 -

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