 Solution

Put $P(A)={\Omega }^A$, the power object, with $P(f)$ acting by inverse image of predicates. Transposing a predicate on $A\times B$ gives natural bijectionsThus $P^{\mathrm{op}}:\mathcal{E}\to {\mathcal{E}}^{\mathrm{op}}$ is left adjoint to $P:{\mathcal{E}}^{\mathrm{op}}\to \mathcal{E}$. Its unit ${\eta }_A:A\to PPA$ sends $a$ to evaluation at $a$, namely the predicate $S\mapsto (a\in S)$. This unit is monic: two generalized elements having the same evaluation on all predicates agree by testing the singleton predicate of the first, or equivalently its graph in the relevant parameter product.

We verify a sufficient form of Beck's monadicity theorem: a right adjoint is monadic if it reflects isomorphisms and its domain has, and it preserves, coequalizers of reflexive pairs. Suppose $Pf$ is invertible. Then $PPf$ is invertible, and naturality of the monic unit shows that $f$ is monic. Regard it as the subobject $A\hookrightarrow B$. Its characteristic predicate and the constantly true predicate have the same restriction to $A$, so injectivity of $Pf$ makes them equal. Thus this subobject is all of $B$, and $f$ is invertible. Hence $P$ reflects isomorphisms.

A reflexive pair in ${\mathcal{E}}^{\mathrm{op}}$ is a coreflexive pair $f,g:B\rightrightarrows A$ in $\mathcal{E}$, with a common retraction $r$ such that $rf=rg=1_B$. Its equalizer $e:E\hookrightarrow B$ exists. We show that $Pe:PB\to PE$ is the coequalizer of $Pf,Pg:PA\rightrightarrows PB$. Direct image of subobjects along the mono $f$ defines ${\exists }_f:PB\to PA$, and similarly ${\exists }_e:PE\to PB$. At every parameter object the identities areFor the middle identity, an equality $f(b)=g(b^{\prime })$ forces $b=b^{\prime }$ after applying $r$; their common point must therefore lie in the equalizer. This proves the identity for parameterized predicates, not merely for global elements. If $h:PB\to Z$ satisfies $hPf=hPg$, composing with ${\exists }_f$ gives $h=h{\exists }_{e}Pe$. Thus it factors through $Pe$, and the last displayed identity gives uniqueness. This proves that power objects turn coreflexive equalizers into coequalizers. All hypotheses of the monadicity criterion have now been checked, so $P$ is monadic, with

A logical functor $L:\mathcal{E}\to \mathcal{F}$ preserves finite limits, exponentials and the classifier, hence gives compatible natural isomorphisms $LP\cong PL$ and $LPP\cong PPL$. They respect units and multiplications, because these are defined by evaluation and transposition. Under the displayed equivalences, $L^{\mathrm{op}}$ is therefore the induced functor on double-power Eilenberg-Moore categories. Their forgetful functors create finite limits, and the underlying $L$ preserves them. Consequently the induced functor preserves finite limits, so $L^{\mathrm{op}}$ does too. Reversing arrows proves every logical functor preserves finite colimits.

For the first counterexample, the constant-terminal functor $F:\mathbf{Set}\to \mathbf{Set}$ has the constant-empty functor as left adjoint: both sets of maps in the adjunction are singletons. It preserves exponentials, since $F(B^A)=1=1^1=(FB{)}^{FA}$ with the canonical comparison. It does not preserve the initial object, because $F(0)=1$. Thus preservation of exponentials alone is insufficient.

For the second, take the fixed-point functor $\Gamma :G\text{-}\mathbf{Set}\to \mathbf{Set}$ for $G=\mathbb{Z}/2$. Its left adjoint gives a set the trivial action. The classifier of $G$-sets is the two-element set with trivial action, so $\Gamma$ preserves it and its truth map. Let $X$ be the free two-element $G$-set. The coequalizer of its identity and its swapping automorphism is the singleton $G$-set. Applying $\Gamma$ gives two maps $0\rightrightarrows 0$ followed by $1$, whereas their coequalizer in sets is $0$. Thus $\Gamma$ preserves the classifier but not all finite colimits. These examples also explain why both requirements in logicalness matter.