PLACEMENT AGENCY AGREEMENT
This First Amendment (“First Amendment”) to the Placement Agency Agreement dated as of February
13, 2004 (the “Agreement”) is by and between MFIC Corporation, a Delaware corporation (“Company”) and
Casimir Capital L.P., a Delaware corporation (“Placement Agent”). Terms not defined herein shall have the
meanings ascribed thereto in the Agreement.
The parties have agreed to amend Section 3(d) of the Agreement by striking the words “eight percent
(8%)” and inserting in place thereof “seven percent (7%)”.
The Agreement, as amended hereby, shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by their
duly authorized representatives as of this day of March, 2004.
Irwin J. Gruverman, Chairman and
Chief Executive Officer
CASIMIR CAPITAL L.P.
Matthew R. McGovern, Managing Director