Exhibit 10.43
SETTLEMENT AGREEMENT
This Settlement Agreement (the "Agreement") is entered into this day of October, 2000, between MFIC
Corporation, a Delaware corporation having its principal offices at 30 Ossipee Road, Newton, Massachusetts
02464 ("MFIC"), and J.M. Huber Corporation, a New Jersey corporation having its principal offices at 333
Thornall Street, Edison, New Jersey 08837, together with its Engineered Materials Division having its principal
offices at 4401 Northside Parkway, Suite 600, Atlanta, Georgia 30327 ("HUBER").
WHEREAS, MFIC commenced an action against HUBER in the United States District Court for the District of
Massachusetts, Civil Action No. 00-CV-11437-EFH, (the "MFIC Case"); and
WHEREAS, HUBER commenced an action against MFIC and Epworth Manufacturing Company ("Epworth")
in the Superior Court of Gordon County, Georgia, Civil Action No. 2000-CV-37580, which MFIC removed to
the United States District Court for the Northern District of Georgia, Rome Division, Civil Action No. 4:00-CV-
279-HLM (the "HUBER Case"); and
WHEREAS, both the MFIC Case and the HUBER Case relate to the sale of seven (7) Zinger(R) horizontal
media mills purchased by HUBER from Epworth, now the Epworth Mill Division of MFIC Corporation, together
with all spare parts, equipment, accessories, gauges, and accessions (collectively referred to hereinafter as the
"Equipment"); and
WHEREAS, MFIC and HUBER wish to fully and finally settle and terminate all suits, causes of action, cases and
controversy concerning the sale of the Equipment to HUBER.
NOW THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable
consideration, the receipt and sufficiency of which both parties mutually acknowledge, MFIC and HUBER agree
as follows:
1. MFIC shall pay the sum of one hundred thousand dollars ($100,000) to HUBER upon execution of this
Agreement.
2. Upon execution of this Agreement, MFIC shall execute a term purchase money promissory note in the form
annexed he