REVOLVING PROMISSORY NOTE

                            -------------------------



Executed as of the 28th day of November, 2001



Amount U.S. $4,000,000



FOR VALUE RECEIVED, the undersigned promises to pay to the order of ABN AMRO

BANK CANADA (hereinafter, together with any holder hereof, called the "Lender"),

at the main office of the Lender, the principal sum of Four Million U.S. Dollars

(U.S. $4,000,000) or its Canadian Dollar Equivalent Amount, plus the aggregate

unpaid principal amount of all advances made by the Lender to the undersigned

pursuant to and in accordance with subsection 2(b) of the Credit Agreement (as

hereinafter defined) in excess of such amount, or, if less, the aggregate unpaid

principal amount of all advances made by the Lender to the undersigned pursuant

to and in accordance with subsection 2(b) of the Credit Agreement. The

undersigned further promises to pay interest on the outstanding principal amount

hereof on the dates and at the rates provided in the Credit Agreement with

respect to Revolving Loans from the date hereof until payment in full hereof.



This Revolving Note (this "Note") is referred to in and is delivered pursuant to

that certain credit agreement, dated as of November 28, 2001 between Numatics

Ltd. as borrower and the Lender (as amended, supplemented, restated or extended

from time to time the "Credit Agreement"). Unless otherwise defined herein, all

capitalized terms set forth in this Note shall have the meanings ascribed to

such terms in the Credit Agreement.



THE OUTSTANDING PRINCIPAL BALANCE OF THE UNDERSIGNED'S LIABILITIES TO THE LENDER

UNDER THIS NOTE SHALL BE PAYABLE PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC