# CREDIT AGREEMENT

# Dated as of December
18, 2003

# among

# IMMUCOR, INC., a
Georgia corporation

# (Borrower)

# and

# SUNTRUST BANK, a Georgia
banking corporation

# (Lender)

---



TABLE OF CONTENTS

|SECTION 1 DEFINITIONS........................................................................................................................1 |    
|---------------------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                               | 1.1
|                                                                                                                                               | 1.2
|                                                                                                                                               | 1.3

|SECTION 2 LOAN FACILITIES............................................................................................................19 |    
|--------------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                        | 2.1
|                                                                                                                                        | 2.2

|SECTION 3 OTHER PROVISIONS RELATING TO LOAN FACILITIES......................................22 |     
|---------------------------------------------------------------------------------------------- | ----
|                                                                                               | 3.1 
|                                                                                               | 3.2 
|                                                                                               | 3.3 
|                                                                                               | 3.4 
|                                                                                               | 3.5 
|                                                                                               | 3.6 
|                                                                                               | 3.7 
|                                                                                               | 3.8 
|                                                                                               | 3.9 
|                                                                                               | 3.10
|                                                                                               | 3.11
|                                                                                               | 3.12
|                                                                                               | 3.13
|                                                                                               | 3.14

|SECTION 4 RESERVED...........................................................................................................................29 | 
|----------------------------------------------------------------------------------------------------------------------------------------------- | 

|SECTION 5 CONDITIONS.......................................................................................................................29 |    
|--------------------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                              | 5.1
|                                                                                                                                              | 5.2

|SECTION 6 REPRESENTATIONS AND WARRANTIES.................................................................32 |     
|----------------------------------------------------------------------------------------------------------- | ----
|                                                                                                            | 6.1 
|                                                                                                            | 6.2 
|                                                                                                            | 6.3 
|                                                                                                            | 6.4 
|                                                                                                            | 6.5 
|                                                                                                            | 6.6 
|                                                                                                            | 6.7 
|                                                                                                            | 6.8 
|                                                                                                            | 6.9 
|                                                                                                            | 6.10
|                                                                                                            | 6.11
|                                                                                                            | 6.12

---



| |     
| | ----
| | 6.13
| | 6.14
| | 6.15
| | 6.16
| | 6.17
| | 6.18
| | 6.19
| | 6.20
| | 6.21
| | 6.22
| | 6.23
| | 6.24
| | 6.25
| | 6.26
| | 6.27
| | 6.28
| | 6.29
| | 6.30

|SECTION 7 AFFIRMATIVE COVENANTS..........................................................................................40 |     
|--------------------------------------------------------------------------------------------------------------------------- | ----
|                                                                                                                            | 7.1 
|                                                                                                                            | 7.2 
|                                                                                                                            | 7.3 
|                                                                                                                            | 7.4 
|                                                                                                                            | 7.5 
|                                                                                                                            | 7.6 
|                                                                                                                            | 7.7 
|                                                                                                                            | 7.8 
|                                                                                                                            | 7.9 
|                                                                                                                            | 7.10
|                                                                                                                            | 7.11
|                                                                                                                            | 7.12

|SECTION 8 NEGATIVE COVENANTS................................................................................................45 |    
|------------------------------------------------------------------------------------------------------------------------------ | ---
|                                                                                                                               | 8.1
|                                                                                                                               | 8.2
|                                                                                                                               | 8.3
|                                                                                                                               | 8.4
|                                                                                                                               | 8.5
|                                                                                                                               | 8.6
|                                                                                                                               | 8.7
|                                                                                                                               | 8.8
|                                                                                                                               | 8.9

---



| |     
| | ----
| | 8.10
| | 8.11
| | 8.12
| | 8.13
| | 8.14

|SECTION 9 EVENTS OF DEFAULT.....................................................................................................50 |    
|---------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                   | 9.1
|                                                                                                                                   | 9.2

|SECTION 10 MISCELLANEOUS............................................................................................. .............53 |      
|------------------------------------------------------------------------------------------------------------------------------------- | -----
|                                                                                                                                      | 10.1 
|                                                                                                                                      | 10.2 
|                                                                                                                                      | 10.3 
|                                                                                                                                      | 10.4 
|                                                                                                                                      | 10.5 
|                                                                                                                                      | 10.6 
|                                                                                                                                      | 10.7 
|                                                                                                                                      | 10.8 
|                                                                                                                                      | 10.9 
|                                                                                                                                      | 10.10
|                                                                                                                                      | 10.11
|                                                                                                                                      | 10.12
|                                                                                                                                      | 10.13
|                                                                                                                                      | 10.14
|                                                                                                                                      | 10.15

---



SCHEDULES

|                 | 
|---------------- | 
|Schedule 1.1(a)  | 
|Schedule 6.13(a) | 
|Schedule 6.17    | 
|Schedule 6.20(a) | 
|Schedule 6.20(b) | 
|Schedule 6.20(c) | 
|Schedule 6.28    | 
|Schedule 6.29    | 
|Schedule 8.1     | 
|Schedule 8.2     | 
|Schedule 8.6     | 

EXHIBITS

|                  | 
|----------------- | 
|Exhibit 2.1(b)(i) | 
|Exhibit 2.1(e)    | 
|Exhibit 2.2(f)    | 
|Exhibit 3.2       | 
|Exhibit 7.1(c)    | 

---



# CREDIT AGREEMENT

THIS
CREDIT AGREEMENT, effective as of December 18, 2003 (as amended, modified, restated or
supplemented from time to time, the Credit Agreement), is by and among
IMMUCOR, INC.,a corporation organized and existing under the laws of the State of
Georgia (herein referred to as Borrower) and SUNTRUST BANK, a
Georgia banking corporation (herein referred to as Lender).

WHEREAS,
Borrower desires to establish with Lender a revolving credit facility in an amount of up
to $15,000,000.00 at any time outstanding, and to obtain from Lender a term loan in the
amount of $12,000,000.00 (collectively, the Credit Facilities), and Lender is
willing to extend the Credit Facilities to Borrower upon the terms and conditions set
forth herein.

NOW
THEREFORE, for and in consideration of Lender making loans and advances under the
Credit Facilities and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

# SECTION 1

# DEFINITIONS

1.1      
Definitions.

As
used in this Credit Agreement, the following terms shall have the meanings specified below
unless the context otherwise requires:

| | Acquisition,
by any Person, means the acquisition by such Person, in a single transaction or in a
series of related transactions, of all of the Capital Stock, equity interest or all or
substantially all of the Property of another Person, whether or not involving a merger or
consolidation with such other Person and whether for cash, property, services, assumption
of Indebtedness, securities or otherwise.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Adjusted
Base Rate means the Base Rate plus the Applicable Percentage.
| | ------------------------------------------------------------------------

| | Adjusted LIBOR
Rate means the LIBOR Rate plus the Applicable Percentage.
| | --------------------------------------------------------------------------

| | Affiliate
means, with respect to any Person, any other Person (i) directly or indirectly
controlling or controlled by or under direct or indirect common control with such Person
or (ii) directly or indirectly owning or holding five percent (5%) or more of the
Capital Stock in such Person. For purposes of this definition, control when
used with respect to any Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities,
by contract or otherwise; and the terms controlling and controlled
have meanings correlative to the foregoing.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Applicable
Percentage means, for purposes of calculating the applicable interest rate for
any day for any Loan, the appropriate applicable percentage corresponding to the Leverage
Ratio in effect as of the most recent Calculation Date, the following:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

APPLICABLE PERCENTAGES

| | Pricing | Leverage | LIBOR           | Base |      
| | ------- | -------- | --------------- | ---- | -----
|
| | I       |          | 1.50 x = 2.00 |      | 1.75%
| | II      |          | 1.00 x = 1.50 |      | 1.50%
| | III     |          | 0.50  x =1.00 |      | 1.25%
| | IV      |          | x =0.50        |      | 1.00%

| | The
Applicable Percentages shall be adjusted quarterly on the date which is the fifteenth
(15th) day of the second (2nd) month (each a Calculation
Date) after the last day of each fiscal quarter of Borrower (each a
Test Date), as follows:
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Test Date   |  | Calculation Date | 
| | ----------- |  | ---------------- | 
| | February 28 |  | April 15         | 
| | May 31      |  | July 15          | 
| | August 30   |  | October 15       | 
| | November 30 |  | January 15       | 

| | Commencing
as of the Closing Date, the initial Applicable Percentages shall be based on Pricing Level
III (as shown above) and shall remain at Pricing Level III until the Calculation Date for
the fiscal quarter of the Consolidated Parties ending on February 28, 2004, on and after
which time the Pricing Level shall be adjusted on each Calculation Date by reference to
the Leverage Ratio as of the immediately preceding Test Date. If Borrower fails to provide
the officers certificate and accompanying financial statements to Lender as required
by Section 7.1(d) for the Test Date with respect to the most recently ended fiscal
quarter of the Consolidated Parties preceding the applicable Calculation Date, the
Applicable Percentage from such Calculation Date shall be based on Pricing Level I until
such time as an appropriate officers certificate and accompanying internally
prepared financial statements are provided, whereupon (and without waiting for the next
Calculation Date) the Pricing Level shall be determined by the Leverage Ratio as of such
Test Date with respect to the most recently ended fiscal quarter of the Consolidated
Parties preceding such Calculation Date. Each Applicable Percentage shall be effective
from one Calculation Date until the next Calculation Date. Any adjustment in the
Applicable Percentages shall be applicable to all existing Loans as well as any new Loans
made or issued.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Asset
Disposition means any disposition (including pursuant to a Sale and Leaseback
Transaction) of any or all of the Property of Borrower (including, without limitation, the
disposition of Capital Stock of an Affiliate) whether by sale, lease, licensing, transfer
or otherwise, but other than pursuant to any casualty or condemnation event;
provided, however, that the term Asset Disposition shall
be deemed to exclude any Equity Issuance.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Bankruptcy
Code means the Bankruptcy Code in Title 11 of the United States Code, as
amended, modified, succeeded or replaced from time to time.
| | -------------------------------------------------------------------------------------------------------------------------------------------------

| | Bankruptcy
Event means, with respect to any Person, the occurrence of any of the following:
(i) the entry of a decree or order for relief by a court or governmental agency in an
involuntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or the appointment by a court or governmental agency of a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such
Person or for any substantial part of its Property or the ordering of the winding up or
liquidation of its affairs by a court or governmental agency; or (ii) the
commencement against such Person of an involuntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, or of any case, proceeding or
other action for the appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of such Person or for any substantial part of its
Property or for the winding up or liquidation of its affairs, and such involuntary case or
other case, proceeding or other action shall remain undismissed for a period of sixty (60)
consecutive days, or the repossession or seizure by a creditor of such Person of a
substantial part of its Property; or (iii) such Person shall commence a voluntary
case under any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, or consent to the entry of an order for relief in an involuntary case under any
such law, or consent to the appointment of or the taking possession by a receiver,
liquidator, assignee, secured creditor, custodian, trustee, sequestrator (or similar
official) of such Person or for any substantial part of its Property or make any general
assignment for the benefit of creditors; or (iv) such Person shall be unable to, or
shall admit in writing its inability to, pay its debts generally as they become due.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Base
Rate means for any day, the per annum rate of interest in effect for such day as
publicly announced from time to time by SunTrust Bank as its prime rate. Such
rate is a rate set by SunTrust Bank based upon various factors including SunTrust
Banks costs and desired return, general economic conditions and other factors, and
is used as a reference point for pricing some loans, which may be priced at, above, or
below such announced rate. Any change in such rate announced by SunTrust Bank shall take
effect at the opening of business on the day specified in the public announcement of such
change.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Base
Rate Loan means any Loan bearing interest at a rate determined by reference to
the Base Rate.
| | ----------------------------------------------------------------------------------------------------

| | Borrower
has the meaning given such term in the heading hereof, together with any permitted
successors and assigns, and regardless of any changes of Borrowers name made on or
subsequent to the date hereof.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Business
Day means a day other than a Saturday, Sunday or other day on which commercial
banks in Atlanta, Georgia are authorized or required by law to close, except that, when
used in connection with a LIBOR Loan, such day shall also be a day on which dealings
between banks are carried on in Dollar deposits in London, England.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Businesses
means, at any time, a collective reference to the businesses operated by the Consolidated
Parties at such time.
| | ----------------------------------------------------------------------------------------------------------------------------

| | Calculation
Date shall have the meaning assigned to such term in the definition of
Applicable Percentage set forth in this Section 1.1.
| | -------------------------------------------------------------------------------------------------------------------------------------------

| | Capital
Expenditures means, as of any date, with respect to the Consolidated Parties,
all capital expenditures as determined in accordance with GAAP, except for instruments
located at customer sites under reagent rental programs.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Capital
Lease means, as applied to any Person, any lease of any Property (whether real,
personal or mixed) by that Person as lessee which, in accordance with GAAP, is required to
be accounted for as a capital lease on the balance sheet of that Person.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Capital
Stock means (i) in the case of a corporation, capital stock, (ii) in
the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of capital stock,
(iii) in the case of a partnership, partnership interests (whether general or
limited), (iv) in the case of a limited liability company, membership interests, and
(v) any other interest or participation that confers on a Person the right to receive
a share of the profits and losses of, or distributions of assets of, the issuing Person.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Cash
Equivalents means, as at any date, (a) securities issued or directly and
fully guaranteed or insured by the United States or any agency or instrumentality thereof
(provided that the full faith and credit of the United States is pledged in support
thereof) having maturities of not more than twelve months from the date of acquisition,
(b) Dollar denominated time deposits and certificates of deposit of (i) Lender,
(ii) any domestic commercial bank of recognized standing having capital and surplus
in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating
from S&P is at least A-1 or the equivalent thereof or from Moodys is at least
P-1 or the equivalent thereof (any such bank being an Approved Bank),
in each case with maturities of not more than 270 days from the date of acquisition,
(c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or
by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any
domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or
the equivalent thereof) or better by Moodys and maturing within six months of the
date of acquisition, or (d) purchase agreements entered into by any Person with a
bank or trust company (including Lender) or recognized securities dealer having capital
and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed
by the United States in which such Person shall have a perfected first priority security
interest (subject to no other Liens) and having, on the date of purchase thereof, a fair
market value of at least 100% of the amount of the repurchase obligations and
(e) Investments, classified in accordance with GAAP as current assets, in money
market investment programs registered under the Investment Company Act of 1940, as
amended, which are administered by reputable financial institutions having capital of at
least $500,000,000 and the portfolios of which are limited to Investments of the character
described in the foregoing subdivisions (a) through (d).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Cash
Taxes for any period means all income taxes paid in cash, net of tax refunds
received in cash, in that period.
| | ---------------------------------------------------------------------------------------------------------------------

| | Change
of Control means the occurrence of any of the following events:
| | ------------------------------------------------------------------------

| | (a)       
               any person or group (as such terms are used in Sections
               13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any
               employee benefit plan of such person or its subsidiaries, or any person or
               entity acting in its capacity as trustee, agent or other fiduciary or
               administrator of any such plan), becomes the beneficial owner (as
               defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934,
               except that such a person or group shall be deemed to have beneficial
               ownership of all securities that such person or group has the right to
               acquire (such right, option right), whether such right is
               exercisable immediately or only after the passage of time), directly or
               indirectly, of 25% or more of the equity securities of Borrower entitled to vote
               for members of the board of directors or equivalent governing body on a
               partially-diluted basis (i.e., taking into account all such securities that such
               person or group has the right to acquire pursuant to any option right); or
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               during any period of 12 consecutive months, a majority of the members of the
               board of directors or other equivalent governing body of Borrower cease to be
               composed of individuals (i) who were members of that board or equivalent
               governing body on the first day of such period, (ii) whose election or
               nomination to that board or equivalent governing body was approved by
               individuals referred to in clause (i) above constituting at the time of
               such election or nomination at least a majority of that board or equivalent
               governing body or (iii) whose election or nomination to that board or other
               equivalent governing body was approved by individuals referred to in clauses
               (i) and (ii) above constituting at the time of such election or
               nomination at least a majority of that board or equivalent governing body; or
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
                Borrower is liquidated or dissolved or adopts a plan of liquidation or
               dissolution.
| | -----------------------------------------------------------------------------------------------------------------------------

| | Closing
means the consummation on the Closing Date of the financing transactions contemplated
hereby.
| | -------------------------------------------------------------------------------------------------------

| | Closing
Date means the date hereof.
| | -------------------------------------

| | Code
means the Internal Revenue Code of 1986, as amended, and any successor statute thereto, as
interpreted by the rules and regulations issued thereunder, in each case as in effect from
time to time. References to sections of the Code shall be construed also to refer to any
successor sections.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Collateral
means a collective reference to the Pledged Stock and any other Property with respect to
which Liens in favor of Lender are purported to be granted pursuant to and in accordance
with the terms of the Collateral Documents.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Collateral
Documents means a collective reference to the Pledge Agreement, and such other
documents executed and delivered in connection with the attachment and perfection of
Lenders security interests and liens arising thereunder, including without
limitation, UCC financing statements.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Commitment
means, individually or collectively, as the context requires, the Revolving Commitment and
the Term Loan Commitment.
| | ---------------------------------------------------------------------------------------------------------------------------------

| | Commitment
Letter means the Commitment Letter by and between Borrower and Lender, dated
October 16, 2003, executed by the parties on October 28, 2003, and any amendments thereto.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Current Maturities of Long-Term Debt means, as of any date for the ensuing
four-quarter period of the Consolidated Parties, the sum of all scheduled payments of
principal on Funded Debt for the Consolidated Parties on a consolidated basis, as
determined in accordance with GAAP. For purposes of this definition, scheduled
payments of principal (i) shall be deemed to include the implied principal component
of payments due on Capital Leases and (ii) shall not include any voluntary prepayments or
mandatory prepayments required pursuant to this Agreement, or any voluntary or mandatory
prepayments with respect to any Funded Debt.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Net EBITDA means, as of any date for the four fiscal quarter period ending on
such date with respect to Consolidated Parties on a consolidated basis, the sum of
(i) Consolidated Net Income (excluding non-cash gains or losses) plus (ii) the
amount which, in the determination of Consolidated Net Income, has been deducted for
(A) Consolidated Interest Expense for such period, (B) income taxes paid during
such period, (C) depreciation and amortization expense for such period, all as
determined in accordance with GAAP, and (D) expenses attributable to the write-off of
deferred financing costs of the existing Wachovia Bank, N.A. credit facility referred to
in Section 5.1(1).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Interest Expense means for any period for the Consolidated Parties determined on
a consolidated basis in accordance with GAAP, the sum of (i) total interest expense with
respect to Funded Debt, including without limitation (x) the interest component of any
payments in respect of Capital Lease obligations capitalized or expensed during such
period (whether or not actually paid during such period), and (y) the implied interest
component under synthetic leases, plus (ii) the net amount payable (or minus
the net amount receivable) under any Financial Contract during such period (whether or not
actually paid or received during such period).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Net Income for any period, the net income (or loss) of Consolidated Parties for
such period determined on a consolidated basis in accordance with GAAP, but excluding
therefrom (to the extent otherwise included therein) (i) any extraordinary gains or
losses, (ii) any gains attributable to write-ups of assets and losses attributable to
write-down of assets, and (iii) any equity interest of any Consolidated Party in the
unremitted earnings of any Person that is not a Subsidiary and (iv) any income (or loss)
of any Person accrued prior to the date it becomes a Subsidiary or is merged into or
consolidated with Borrower or any Subsidiary on the date that such Persons assets
are acquired by Borrower or any Subsidiary.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Consolidated
Parties means, collectively, Borrower, the Subsidiaries of Borrower, and each
other Person that Borrower consolidates or is required by GAAP to consolidate for
financial reporting purposes and Consolidated Party means any one of
them.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Net Worth as of any date, (i) the total assets of Consolidated Parties that
would be reflected on a consolidated balance sheet as of such date prepared in accordance
with GAAP, after eliminating all amounts properly attributable to minority interests, if
any, in the stock and surplus of Subsidiaries, minus (i) the total
liabilities of Borrower and its Subsidiaries that would be reflected on
Borrower consolidated balance sheet as of such date prepared in accordance
with GAAP.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Continue,
Continuation and Continued shall refer to the
continuation pursuant to Section 3.2 hereof of a LIBOR Loan from one Interest Period
to the next Interest Period.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Convert,
Conversion and Converted shall refer to a conversion
pursuant to Section 3.2 or Sections 3.7 through 3.11, inclusive, of a Base Rate
Loan into a LIBOR Loan.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Credit
Documents means a collective reference to this Credit Agreement, the Note, the
Negative Pledge, the Collateral Documents, any Financial Contracts with Lender or its
Affiliates, and all other related agreements and documents issued or delivered hereunder
or thereunder or pursuant hereto or thereto (in each case as the same may be amended,
modified, restated, supplemented, extended, renewed or replaced from time to time), and
Credit Document means any one of them.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Credit
Facilities shall have the meaning assigned to such term in the recitals hereto.
| | ----------------------------------------------------------------------------------------

| | Debt
Issuance means the issuance by Borrower of any Indebtedness of the type referred
to in clause (a) or (b) of the definition thereof set forth in this Section 1.1.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Default
means any event, act or condition which with notice or lapse of time, or both, would
constitute an Event of Default.
| | ------------------------------------------------------------------------------------------------------------------------------

| | Default
Rate shall mean the Applicable Percentage in effect from time to time assuming
Base Rate Loans at Pricing Level I (as shown in the chart under the Definition of
Applicable Percentages above is in effect [regardless of the actual Leverage Ratio]) PLUS
2.00%.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Dollars
and $ means dollars in lawful currency of the United States.
| | ------------------------------------------------------------------------

| | Domestic
Subsidiary any direct or indirect Subsidiary of Borrower which is incorporated
or organized under the laws of any State of the United States or the District of Columbia.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Environmental
Laws means any and all lawful and applicable Federal, state, local and foreign
statutes, laws (including, without limitation, the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, the Resource Conservation and Recovery Act of
1976, the Toxic Substances Control Act, the Water Pollution Control Act, the Clean Air Act
and the Hazardous Materials Transportation Act), regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements
or other governmental restrictions relating to the environment or to emissions,
discharges, releases or threatened releases of pollutants, contaminants, chemicals, or
industrial, toxic or hazardous substances or wastes into the environment including,
without limitation, ambient air, surface water, ground water, or land, or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage, disposal,
transport, or handling of pollutants, contaminants, chemicals, or industrial, toxic or
hazardous substances or wastes.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Equity
Issuance means any issuance by any Consolidated Party to any Person of
(a) shares of its Capital Stock, (b) any shares of its Capital Stock pursuant to
the exercise of options or warrants, (c) any shares of its Capital Stock pursuant to
the conversion of any debt securities to equity or (d) any options or warrants
relating to its Capital Stock. The term Equity Issuance shall not be deemed to
include any Asset Disposition.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | ERISA
means the Employee Retirement Income Security Act of 1974, as amended, and any successor
statute thereto, as interpreted by the rules and regulations thereunder, all as the same
may be in effect from time to time. References to sections of ERISA shall be construed
also to refer to any successor sections.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | ERISA
Affiliate means an entity which is under common control with any Consolidated
Party within the meaning of Section 4001(a)(14) of ERISA, or is a member of a group
which includes any Consolidated Party and which is treated as a single employer under
Sections 414(b) or (c) of the Code.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | ERISA
Event means (i) with respect to any Plan, the occurrence of a Reportable
Event or the substantial cessation of operations (within the meaning of
Section 4062(e) of ERISA); (ii) the withdrawal by any Consolidated Party or any
ERISA Affiliate from a Multiple Employer Plan during a plan year in which it was a
substantial employer (as such term is defined in Section 4001(a)(2) of ERISA), or the
termination of a Multiple Employer Plan; (iii) the distribution of a notice of intent
to terminate or the actual termination of a Plan pursuant to Section 4041(a)(2) or
4041A of ERISA; (iv) the institution of proceedings to terminate or the actual
termination of a Plan by the PBGC under Section 4042 of ERISA; (v) any event or
condition which might constitute grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Plan; (vi) the
complete or partial withdrawal of any Consolidated Party or any ERISA Affiliate from a
Multiemployer Plan; (vii) the conditions for imposition of a lien under
Section 302(f) of ERISA exist with respect to any Plan; or (viii) the adoption
of an amendment to any Plan requiring the provision of security to such Plan pursuant to
Section 307 of ERISA.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Event
of Default shall have the meaning assigned to such term in Section 9.1.
| | -------------------------------------------------------------------------------

---



| | Excluded
Asset Disposition means, with respect to Borrower, any Asset Disposition
consisting of (i) the sale, lease, license, transfer or other disposition of
inventory in the ordinary course of Borrowers business, (ii) the sale, lease,
license, transfer or other disposition of machinery and equipment no longer used or useful
in the conduct of Borrowers business, (iii) any Involuntary Disposition by
Borrower, and (iv) any other Asset Disposition to the extent not in excess of $100,000.00
in any calendar year.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Executive
Officer of any Person means any of the chief executive officer, chief operating
officer, president, vice president, chief financial officer or treasurer of such Person.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Fees
means all fees payable pursuant to Section 3.5.
| | ------------------------------------------------------

| | Financial
Contract shall mean (1) an agreement (including terms and conditions
incorporated by reference therein) which is a rate swap agreement, basis swap, forward
rate agreement, commodity swap, commodity option, equity or equity index swap, bond
option, interest rate option, foreign exchange agreement, rate cap agreement, rate floor
agreement, rate collar agreement, currency swap agreement, cross-currency rate swap
agreement, currency option, any other similar agreement (including any option to enter
into any of the foregoing); (2) any combination of the foregoing; or (3) a master
agreement for any of the foregoing together with all supplements.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Fixed
Charge Coverage Ratio for any period shall mean the ratio of Consolidated Net
EBITDA for such period minus interest income during such period minus
Capital Expenditures (including instruments located at customer sites under reagent rental
programs) for such period minus Cash Taxes paid by any Consolidated Party during
such period minus dividends paid by Borrower during such period to Consolidated
Current Maturities of Long-Term Debt plus Consolidated Interest Expense.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Foreign
Credit Facilities means, collectively, (a) the credit facilities of the Foreign
Subsidiaries described on Schedule 1.1A, as extended or renewed from time to time, and (b)
increases in the amounts of such existing Foreign Credit Facilities or additional credit
facilities of the Foreign Subsidiaries established hereafter, in each case if and to the
extent permitted under Section 8.1.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Foreign
Credit Facility Liens means Liens in assets of Foreign Subsidiaries which secure
Foreign Credit Facilities.
| | ---------------------------------------------------------------------------------------------------------------------

| | Foreign
Subsidiary means any direct or indirect Subsidiary of Borrower which is not a
Domestic Subsidiary.
| | ------------------------------------------------------------------------------------------------------------

| | Fully
Satisfied means, with respect to Obligations as of any date, that as of such
date: (a) all principal of and interest accrued to such date which constitute
Obligations shall have been indefeasibly paid in full in cash, (b) all fees, expenses
and other amounts then due and payable which constitute Obligations shall have been
indefeasibly paid in cash, and (c) the Commitments shall have been expired or
terminated in full.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Funded
Debt means, with respect to any Person, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such Person
evidenced by bonds, debentures, notes or similar instruments, or upon which interest
payments are customarily made, (c) all obligations of such Person under conditional
sale or other title retention agreements relating to Property purchased by such Person
(other than customary reservations or retentions of title under agreements with suppliers
entered into in the ordinary course of business), (d) all obligations of such Person
issued or assumed as the deferred purchase price of Property or services purchased by such
Person (other than trade debt incurred in the ordinary course of business and due within
six months of the incurrence thereof) which would appear as liabilities on a balance sheet
of such Person, (e) the implied principal component of all obligations of such Person
under Capital Leases, (f) the maximum amount of all performance and standby letters
of credit issued or bankers acceptances facilities created for the account of such
Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed),
(g) the aggregate amount of uncollected accounts receivable of such Person subject at
such time to a sale of receivables (or similar transaction) to the extent such transaction
is effected with recourse to such Person (whether or not such transaction would be
reflected on the balance sheet of such Person in accordance with GAAP), (h) all
Funded Debt of others secured by (or for which the holder of such Funded Debt has an
existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of
the proceeds of production from, Property owned or acquired by such Person, whether or not
the obligations secured thereby have been assumed, (i) all Guaranty Obligations of
such Person with respect to Funded Debt of another Person and (j) the Funded Debt of
any partnership or unincorporated joint venture in which such Person is a general partner
or a joint venturer to the extent such Indebtedness is recourse to such Person.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | GAAP
means generally accepted accounting principles in the United States applied on a
consistent basis and subject to the terms of Section 1.3.
| | -------------------------------------------------------------------------------------------------------------------------------------------------

| | Governmental
Authority means any Federal, state, local or foreign court or governmental
agency, authority, instrumentality or regulatory body.
| | ------------------------------------------------------------------------------------------------------------------------------------------------

| | Guaranty
Obligations means, with respect to any Person, without duplication, any
obligations of such Person (other than endorsements in the ordinary course of business of
negotiable instruments for deposit or collection) guaranteeing or intended to guarantee
any Indebtedness of any other Person in any manner, whether direct or indirect, and
including without limitation any obligation, whether or not contingent, (i) to
purchase any such Indebtedness or any Property constituting security therefor,
(ii) to advance or provide funds or other support for the payment or purchase of any
such Indebtedness or to maintain working capital, solvency or other balance sheet
condition of such other Person (including without limitation keep well agreements,
maintenance agreements, comfort letters or similar agreements or arrangements) for the
benefit of any holder of Indebtedness of such other Person, (iii) to lease or
purchase Property, securities or services primarily for the purpose of assuring the holder
of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such
Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation
hereunder shall (subject to any limitations set forth therein) be deemed to be an amount
equal to the outstanding principal amount (or maximum principal amount, if larger) of the
Indebtedness in respect of which such Guaranty Obligation is made.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Indebtedness
means, with respect to any Person, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, or upon which interest payments are customarily
made, (c) all obligations of such Person under conditional sale or other title
retention agreements relating to Property purchased by such Person (other than customary
reservations or retentions of title under agreements with suppliers entered into in the
ordinary course of business), (d) all obligations of such Person issued or assumed as
the deferred purchase price of Property or services purchased by such Person (other than
trade debt incurred in the ordinary course of business and due within six months of the
incurrence thereof) which would appear as liabilities on a balance sheet of such Person,
(e) all obligations of such Person under take-or-pay or similar arrangements or under
commodities agreements, (f) the implied principal component of all obligations of
such Person under Capital Leases, (g) all obligations of such Person under Financial
Contracts, (h) the maximum amount of all performance and standby letters of credit
issued or bankers acceptances facilities created for the account of such Person and,
without duplication, all drafts drawn thereunder (to the extent unreimbursed), (i) the
aggregate amount of uncollected accounts receivable of such Person subject at such time to
a sale of receivables (or similar transaction) to the extent such transaction is effected
with recourse to such Person (whether or not such transaction would be reflected on the
balance sheet of such Person in accordance with GAAP), (j) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production
from, Property owned or acquired by such Person, whether or not the obligations secured
thereby have been assumed, (k) all Guaranty Obligations of such Person with respect
to Indebtedness of another Person and (l) the Indebtedness of any partnership or
unincorporated joint venture in which such Person is a general partner or a joint venturer
to the extent such Indebtedness is recourse to such Person.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indemnified
Party has the meaning assigned to such term in Section 10.5(b).
| | -----------------------------------------------------------------------------

| | Intellectual
Property has the meaning assigned to such term in Section 6.17.
| | ------------------------------------------------------------------------------

| | Interest
Payment Date means (a) as to Base Rate Loans, the first Business Day
following the last Business Day of each fiscal quarter, the date of repayment of any
principal of any such Loan and the Maturity Date, and (b) as to LIBOR Loans, the last
day of each applicable Interest Period (unless any such applicable Interest Period is
greater than three (3) months, in which case interest shall be payable on the last day of
the third (3rd) month of any such applicable Interest Period), the date of
repayment of any principal of any such Loan and the Maturity Date.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Interest
Period means, as to LIBOR Loans, a period of one, two, three or six months
duration, as Borrower may elect, commencing, in each case, on the date of the borrowing
(including continuations and conversions thereof); provided, however,
(a) if any Interest Period would end on a day which is not a Business Day, such
Interest Period shall be extended to the next succeeding Business Day (except that where
the next succeeding Business Day falls in the next succeeding calendar month, then on the
next preceding Business Day), (b) no Interest Period shall extend beyond the Maturity
Date and (c) where an Interest Period begins on a day for which there is no
numerically corresponding day in the calendar month in which the Interest Period is to
end, such Interest Period shall end on the last Business Day of such calendar month.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Investment
in any Person means (a) any Acquisition of such Person, (b) any other
acquisition of Capital Stock, bonds, notes, debentures, partnership interest in, joint
venture interest in, or other ownership interests or other securities of such other
Person, (c) any deposit with, or advance, or loan or other extension of credit to,
such Person (other than accounts receivable and deposits made in connection with the
purchase of equipment inventory and supplies in the ordinary course of business) or
(d) any other capital contribution to or investment in such Person, including,
without limitation, any Guaranty Obligations (including any support for a letter of credit
issued on behalf of such Person) incurred for the benefit of such Person, but excluding
any Restricted Payment to such Person. Investments which are capital contributions or
purchases of Capital Stock which have a right to participate in the profits of the issuer
thereof, or any other Investment of any sort other than loans, advances, extensions of
credit or Guaranty Obligations, shall be valued at the amount (or, in the case of any
Investment made with Property other than cash, the book value of such Property) actually
contributed or paid (including cash and non-cash consideration and any assumption of
Indebtedness) to purchase such Capital Stock or other Investment as of the date of such
contribution or payment (multiplied by the percentage still held of the original amount of
Capital Stock or other asset constituting the Investment). Investments which are loans,
advances, extensions of credit or Guaranty Obligations shall be valued at the principal
amount of such loan, advance or extension of credit outstanding as of the date of
determination or, as applicable, the principal amount of the loan or advance outstanding
as of the date of determination actually guaranteed by such Guaranty Obligation.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Involuntary
Disposition means any loss of, damage to or destruction of, or any condemnation
or other taking for public use of, any Property of any Borrower.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Lender
has the meaning given such term in the heading hereof, together with any permitted
successors and assigns.
| | -------------------------------------------------------------------------------------------------------------------

| | Leverage
Ratio means, as of the last day of any fiscal quarter, the ratio of (a) 
Funded Debt of the Consolidated Parties (including any Funded Debt under Foreign Credit
Facilities) on such date to (b) Consolidated Net EBITDA on a consolidated basis on
such date.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | LIBOR
means for any Interest Period with respect to any LIBOR Loan: (a) the rate per annum equal
to the rate determined by Lender to be the offered rate that appears on the page of the
Telerate screen (or any successor thereto) that displays an average British Bankers
Association LIBOR Rate for deposits in Dollars (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 A.M. (London time) two (2) Business Days prior to the first day of
such Interest Period, or (b) if the rate referenced in the preceding clause (a) does not
appear on such page or service or such page or service shall cease to be available, the
rate per annum equal to the rate determined by Lender to be the offered rate on such other
page or other service that displays an average British Bankers Association Interest
Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period, determined as of approximately
11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period,
or (c) if the rates referenced in the preceding clauses (a) and (b) are not
available, the rate per annum determined by Lender as the rate of interest (rounded upward
to the next 1/100th of 1%) at which deposits in Dollars for delivery on the first day of
such Interest Period in same day funds in the approximate amount of the LIBOR Loan being
made, continued or converted by SunTrust Bank and with a term equivalent to such Interest
Period would be offered by SunTrust Bank to major banks in the offshore Dollar market at
their request at approximately 11:00 A.M. (London time) two Business Days prior to the
first day of such Interest Period.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | LIBOR
Loan means any Loan that bears interest at a rate based upon the LIBOR Rate.
| | ------------------------------------------------------------------------------------

| | LIBOR
Rate means for any Interest Period with respect to any LIBOR Loan, a rate per
annum determined by Lender to be equal to the quotient obtained by dividing (a) LIBOR
by (b) 1 minus the LIBOR Reserve Percentage.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | LIBOR
Reserve Percentage means, for any day during any Interest Period, the reserve
percentage (expressed as a decimal, rounded upward to the next 1/100th of 1%) in effect on
such day, to the extent applicable to Lender, under regulations issued from time to time
by the Board of Governors of the Federal Reserve System for determining the maximum
reserve requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to LIBOR funding. The LIBOR Rate for each outstanding LIBOR Loan
shall be adjusted automatically as of the effective date of any change in the LIBOR
Reserve Percentage.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Lien
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, security
interest, encumbrance, lien (statutory or otherwise), preference, priority or charge of
any kind (including any agreement to give any of the foregoing, any conditional sale or
other title retention agreement, any authorized financing or similar statement or notice
filed under the Uniform Commercial Code as adopted and in effect in the relevant
jurisdiction or other similar recording or notice statute, and any lease in the nature
thereof).
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Loan
or Loans means the Revolving Loans and the Term Loan (or a portion of
any Revolving Loan or Term Loan bearing interest at the Adjusted Base Rate or the Adjusted
LIBOR Rate and referred to as a Base Rate Loan or a LIBOR Loan), individually or
collectively, as appropriate.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Material
Adverse Effect means a material adverse effect on (i) the condition
(financial or otherwise), operations, business, assets or liabilities of the Consolidated
Parties taken as a whole, (ii) the ability of Borrower to perform any material
obligation under the Credit Documents to which it is a party, or (iii) the material
rights and remedies of Lender under the Credit Documents.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Material
Foreign Subsidiary means at any time any direct or indirect Foreign Subsidiary
of Borrower (other than Immucor Belgium, S.A.), the assets of which are valued at Six
Million and No/100ths Dollars ($6,000,000.00) or more based upon the most recent financial
statements of the Consolidated Parties delivered to Lender pursuant to Section 7.1 hereof.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Materials
of Environmental Concern means any gasoline or petroleum (including crude oil or
any fraction thereof) or petroleum products or any hazardous or toxic substances,
materials or wastes, defined or regulated as such in or under any Environmental Laws,
including, without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde
insulation.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Maturity
Date means December 18, 2006.
| | ----------------------------------------

| | Moodys means Moodys  Investors  Service,  Inc., or any successor or assignee of the business
         of such company in the business of rating securities.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Multiemployer
Plan means a Plan which is a multiemployer plan as defined in
Sections 3(37) or 4001(a)(3) of ERISA.
| | ----------------------------------------------------------------------------------------------------------------------

| | Multiple
Employer Plan means a Plan (other than a Multiemployer Plan) which any Borrower
or any ERISA Affiliate and at least one employer other than Borrower or any ERISA
Affiliate are contributing sponsors.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Negative
Pledge Agreement means that certain Negative Pledge Agreement dated as of the
Closing Date by Borrower and the Domestic Subsidiaries in favor of Lender, as amended,
modified, restated or supplemented from time to time.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Note
or Notes means the Revolving Notes and/or the Term Note, individually
or collectively, as appropriate.
| | ---------------------------------------------------------------------------------------------------------------

| | Notice
of Borrowing means a written notice of borrowing in substantially the form of
Exhibit 2.1(b)(i), as required by Section 2.1(b)(i).
| | -------------------------------------------------------------------------------------------------------------------------------------------

| | Notice
of Extension/Conversion means the written notice of extension or conversion in
substantially the form of Exhibit 3.2, as required by Section 3.2.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------

| | Obligations
means, without duplication, all of the obligations of Borrower to Lender whenever arising
under this Credit Agreement, the Notes, the Collateral Documents or any of the other
Credit Documents (including, but not limited to, any interest accruing after the
occurrence of a Bankruptcy Event with respect to Borrower, regardless of whether such
interest is an allowed claim under the Bankruptcy Code) and (ii) all liabilities and
obligations, whenever arising, owing from Borrower to Lender, or any Affiliate of Lender,
arising under any Financial Contracts.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Operating
Lease means, as applied to any Person, any lease (including, without limitation,
leases which may be terminated by the lessee at any time) of any Property (whether real,
personal or mixed) which is not a Capital Lease other than any such lease in which that
Person is the lessor.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Other
Taxes shall have the meaning assigned to such term in Section 3.11(b).
| | ------------------------------------------------------------------------------

| | PBGC
means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title
IV of ERISA and any successor thereof.
| | ----------------------------------------------------------------------------------------------------------------------------------------

| | Permitted
Acquisition means any one or more Acquisition(s) of, or Investment(s) in, any
Person (other than a Subsidiary existing on the Closing Date), to the extent that the
aggregate purchase price of all such Acquisitions and Investments by the Consolidated
Parties does not exceed $5,000,000.00, in the aggregate, during the term of the Loans.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Permitted
Asset Disposition means (i) any Asset Disposition permitted by
Section 8.5, and (ii) any Excluded Asset Disposition.
| | --------------------------------------------------------------------------------------------------------------------------------

| | Permitted
Investments means, at any time, Investments by the Consolidated Parties
permitted to exist at such time pursuant to the terms of Section 8.6.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------

| | Permitted
Liens means, at any time, Liens in respect of Property of the Consolidated
Parties permitted to exist at such time pursuant to the terms of Section 8.2.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Person
means any individual, partnership, joint venture, firm, corporation, limited liability
company, association, trust or other enterprise (whether or not incorporated) or any
Governmental Authority.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Plan
means any employee benefit plan (as defined in Section 3(3) of ERISA) which is
covered by ERISA and with respect to which any Borrower or any ERISA Affiliate is (or, if
such plan were terminated at such time, would under Section 4069 of ERISA be deemed
to be) an employer within the meaning of Section 3(5) of ERISA.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Pledge
Agreement means, collectively, the Pledge Agreement executed and dated no later
than sixty (60) days from the Closing Date in favor of Lender by Borrower with respect to
a portion of the Capital Stock of each Material Foreign Subsidiary, as amended, modified,
restated or supplemented from time to time.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Pledged
Stock means, collectively, the Capital Stock of each Material Foreign Subsidiary
pledged to Lender by Borrower pursuant to the Pledge Agreement.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------

| | Principal
Office means the principal office of SunTrust Bank, presently located in
Atlanta, Georgia.
| | ------------------------------------------------------------------------------------------------------

| | Property
means any interest in any kind of property or asset, whether real, personal or mixed, or
tangible or intangible.
| | ---------------------------------------------------------------------------------------------------------------------------

| | Real
Properties means, at any time, a collective reference to any of the facilities
and real properties owned, leased or operated by the Consolidated Parties at such time.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Regulation
U or X means Regulation U or X, respectively, of the Board of Governors of the
Federal Reserve System as from time to time in effect and any successor to all or a
portion thereof.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Reportable
Event means any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the notice requirement has been waived by regulation.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Requirement
of Law means, as to any Person, the certificate of incorporation and by-laws or
other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority,
in each case applicable to or binding upon such Person or to which any of its material
property is subject.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Restricted
Payment means (i) any dividend or other payment or distribution, direct or
indirect, on account of any shares of any class of Capital Stock of any Consolidated Party
now or hereafter outstanding (including without limitation any payment in connection with
any dissolution, merger, consolidation or disposition involving any Consolidated Party),
or to the holders, in their capacity as such, of any shares of any class of Capital Stock
of any Consolidated Party, now or hereafter outstanding (other than dividends or
distributions payable in Capital Stock of the applicable Person to Borrower),
(ii) any redemption, retirement, sinking fund or similar payment, purchase or other
acquisition for value, direct or indirect, of any shares of any class of Capital Stock of
any Consolidated Party, now or hereafter outstanding and (iii) any payment made to
retire, or to obtain the surrender of, any outstanding warrants, options or other rights
to acquire shares of any class of Capital Stock of any Consolidated Party, now or
hereafter outstanding.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Revolving
Commitment means the commitment of Lender to make Revolving Loans in an
aggregate principal amount not to exceed the Revolving Committed Amount.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Revolving
Committed Amount shall have the meaning assigned to such term in
Section 2.1(a).
| | --------------------------------------------------------------------------------------------

| | Revolving
Loans shall have the meaning assigned to such term in Section 2.1(a).
| | ---------------------------------------------------------------------------------

| | Revolving Note
shall have the meaning assigned to such term in Section 2.1(e).
| | --------------------------------------------------------------------------------

| | S&P
means Standard & Poors Ratings Group, a division of The McGraw Hill Companies,
Inc., or any successor or assignee of the business of such division in the business of
rating securities.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Sale
and Leaseback Transaction means any arrangement pursuant to which any
Consolidated Party, directly or indirectly, becomes liable as lessee, guarantor or other
surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any
Property (a) which such Consolidated Party has sold or transferred (or is to sell or
transfer) to a Person which is not a Consolidated Party or (b) which such
Consolidated Party intends to use for substantially the same purpose as any other Property
which has been sold or transferred (or is to be sold or transferred) by such Consolidated
Party to another Person which is not a Consolidated Party in connection with such lease.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Securities
Act means the Securities Act of 1933, as amended, and all regulations issued
pursuant thereto.
| | -----------------------------------------------------------------------------------------------------------

---



| | Securities
Exchange Act means the Securities Exchange Act of 1934, as amended, and all
regulations issued pursuant thereto.
| | -----------------------------------------------------------------------------------------------------------------------------

| | Single
Employer Plan means any Plan which is covered by Title IV of ERISA, but which is
not a Multiemployer Plan or a Multiple Employer Plan.
| | -----------------------------------------------------------------------------------------------------------------------------------------------

| | Solvent
or Solvency means, with respect to any Person as of a particular date,
that on such date (i) such Person is able to pay its debts and other liabilities,
contingent obligations and other commitments as they mature in the ordinary course of
business, (ii) such Person does not intend to, and does not believe that it will,
incur debts or liabilities beyond such Persons ability to pay as such debts and
liabilities mature in their ordinary course, (iii) such Person is not engaged in a
business or a transaction, and is not about to engage in a business or a transaction, for
which such Persons Property would constitute unreasonably small capital,
(iv) the fair value measured on a going concern basis of the Property of such Person
is greater than the total amount of liabilities, including, without limitation, contingent
liabilities, of such Person and (v) the present fair salable value of the assets
measured on a going concern basis of such Person is not less than the amount that will be
required to pay the probable liability of such Person on its debts as they become absolute
and matured in the ordinary course of business. In computing the amount of contingent
liabilities at any time, it is intended that such liabilities will be computed at the
amount which, in light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured
liability.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Subsidiary
means, as to any Person at any time, (a) any corporation more than 50% of whose
Capital Stock of any class or classes having by the terms thereof ordinary voting power to
elect a majority of the directors of such corporation (irrespective of whether or not at
such time, any class or classes of such corporation shall have or might have voting power
by reason of the happening of any contingency) is at such time owned by such Person
directly or indirectly through Subsidiaries, and (b) any partnership, association,
joint venture or other entity of which such Person directly or indirectly through
Subsidiaries owns at such time more than 50% of the Capital Stock.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | SunTrust
Bank means SunTrust Bank, a Georgia banking corporation and its successors and
assigns.
| | --------------------------------------------------------------------------------------------------

| | Sweep
Account means one or more deposit accounts maintained by Borrower with Lender
pursuant to which overdrafts on such deposit accounts are covered by available advances
under the Revolving Loan.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Taxes
shall have the meaning assigned to such term in Section 3.11(a).
| | ------------------------------------------------------------------------

| | Term
Loan shall have the meaning assigned to such term in Section 2.2(a).
| | ---------------------------------------------------------------------------

| | Term
Loan Commitment means, with respect to Lender, the commitment of Lender to make
the Term Loan in a principal amount equal to the Term Loan Committed Amount.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | Term
Loan Committed Amount shall have the meaning assigned to such term in
Section 2.2(a).
| | --------------------------------------------------------------------------------------------

| | Term
Note shall have the meaning assigned to such term in Section 2.2(f).
| | ---------------------------------------------------------------------------

| | Unused
Fee has the meaning given such term in Section 3.5(b) hereof.
| | ----------------------------------------------------------------------

| | Unused Fee
Calculation Period has the meaning given such term in Section 3.5(b) hereof.
| | -----------------------------------------------------------------------------------------

| | Unused
Revolving Committed Amount means, for any period, the amount by which (a) the
then-applicable Revolving Committed Amount exceeds (b) the daily average outstanding
aggregate principal amount of all Revolving Loans for such period.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Voting
Stock means, with respect to any Person, Capital Stock issued by such Person the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for the
election of directors (or persons performing similar functions) of such Person, even
though the right so to vote has been suspended by the happening of such a contingency.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Wholly
Owned Subsidiary means any Person 100% of whose Voting Stock is at the time
owned by Borrower directly or indirectly through other Persons 100% of whose Voting Stock
is at the time owned, directly or indirectly, by Borrower.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

1.2      
Computation of Time Periods.

For
purposes of computation of periods of time hereunder, the word from means
from and including and the words to and until each
mean to but excluding.

1.3      
Accounting Terms.

Except
as otherwise expressly provided herein, all accounting terms used herein shall be
interpreted, and all financial statements and certificates and reports as to financial
matters required to be delivered to Lender hereunder shall be prepared, in accordance with
GAAP applied on a consistent basis. All calculations made for the purposes of determining
compliance with this Credit Agreement shall (except as otherwise expressly provided
herein) be made by application of GAAP applied on a basis consistent with the most recent
annual or quarterly financial statements delivered pursuant to Section 7.1;
provided, however, if (a) Borrower shall object to determining such
compliance on such basis at the time of delivery of such financial statements due to any
change in GAAP or the rules promulgated with respect thereto, or (b) Lender shall so
object in writing within 60 days after delivery of such financial statements, then such
calculations shall be made on a basis consistent with the most recent financial statements
delivered by Borrower to Lender as to which no such objection shall have been made.

---



# SECTION 2

# THE CREDIT FACILITIES

2.1      
Revolving Loans.

| | (a)       
               Commitment. Subject to the terms and conditions hereof and in reliance
               upon the representations and warranties set forth herein, Lender agrees to make
               available to Borrower revolving credit loans requested by Borrower in Dollars
               (Revolving Loans) from time to time from the Closing Date
               until the Maturity Date, or such earlier date as the Revolving Commitment shall
               have been terminated as provided herein; provided, however, that
               the sum of the aggregate outstanding principal amount of Revolving Loans at any
               time shall not exceed FIFTEEN MILLION AND 00/100THS DOLLARS
               ($15,000,000.00) (the Revolving Committed Amount).
               Revolving Loans may consist of Base Rate Loans or LIBOR Loans, or a combination
               thereof, as Borrower may request; provided, however, that no more
               than five (5) LIBOR Loans which are Revolving Loans shall be outstanding
               hereunder at any time (it being understood that, for purposes hereof, LIBOR
               Loans with different Interest Periods shall be considered as separate LIBOR
               Loans, even if they begin on the same date, although borrowings, extensions and
               conversions may, in accordance with the provisions hereof, be combined at the
               end of existing Interest Periods to constitute a new LIBOR Loan with a single
               Interest Period). Revolving Loans made to the Sweep Account shall be Base Rate
               Loans Revolving Loans hereunder may be repaid and reborrowed in accordance with
               the provisions hereof.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Revolving Loan Borrowings.
| | ----------------------------------------------------

| | (i)       
               Notice of Borrowing. Other than Revolving Loans to the Sweep Account,
               Borrower shall request a Revolving Loan borrowing by submitting a written Notice
               of Borrowing (or telephonic notice promptly confirmed by a written Notice of
               Borrowing) to Lender not later than 11:00 A.M. (Atlanta, Georgia time) on the
               Business Day immediately prior to the date of the requested borrowing in the
               case of Base Rate Loans, and not later than 4:00 P.M. on the third
               (3rd) Business Day prior to the date of the requested borrowing in
               the case of LIBOR Loans. Each such request for a borrowing shall be irrevocable
               and shall specify (A) the date of the requested borrowing (which shall be a
               Business Day), (B) the aggregate principal amount to be borrowed, and
               (C) whether the borrowing shall be comprised of Base Rate Loans or LIBOR
               Loans, but not a combination thereof, and if LIBOR Loans are requested, the
               Interest Period(s) therefor. If Borrower shall fail to specify in any such
               Notice of Borrowing (I) an applicable Interest Period in the case of a
               LIBOR Loan, then such notice shall be deemed to be a request for an Interest
               Period of one (1) month, or (II) the type of Loan requested, then such
               notice shall be deemed to be a request for a Base Rate Loan hereunder.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               Minimum Amounts. Other than Revolving Loans to the Sweep Account, each
               LIBOR Loan or Base Rate Loan that is a Revolving Loan shall be in a minimum
               aggregate principal amount of (a) with respect to each LIBOR Loan, $500,000.00
               and integral multiples of $100,000.00 in excess thereof (or the remaining amount
               of the Revolving Committed Amount, if less), and (b) with respect to each Base
               Rate Loan, $100,000.00 and integral multiples of $100,000.00 in excess thereof
               (or the remaining amount of the Revolving Committed Amount, if less).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (iii)       
               Advances. Lender will make each Revolving Loan borrowing available to
               Borrower by crediting the account of Borrower on the books of such office with
               the aggregate amount requested by Borrower.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Repayment. Borrower hereby promises to pay the principal amount of all
               outstanding Revolving Loans in full on the Maturity Date, unless accelerated
               sooner pursuant to Section 9.2.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
          Interest. Subject to the provisions of Section 3.1,
| | ------------------------------------------------------------------------

| | (i)       
               Base Rate Loans. During such periods as Revolving Loans shall be
               comprised of Base Rate Loans, such Base Rate Loans shall bear interest at a per
               annum rate equal to the Adjusted Base Rate.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               LIBOR Loans. During such periods as Revolving Loans shall be comprised of
               LIBOR Loans, such LIBOR Loans shall bear interest at a per annum rate equal to
               the Adjusted LIBOR Rate.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Borrower
hereby promises to pay interest on Revolving Loans in arrears on each applicable Interest
Payment Date (or at such other times as may be specified herein).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Revolving Note. Borrower, at Closing, will execute and deliver to Lender
               a promissory note evidencing all the Revolving Loans to be made by Lender in an
               original principal amount equal to the Revolving Committed Amount and in
               substantially the form of Exhibit 2.1(e) (the Revolving
               Note).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

2.2      
Term Loan.

| | (a)       
               Term Loan Commitment. Subject to the terms and conditions hereof and in
               reliance upon the representations and warranties set forth herein, Lender agrees
               to make available to Borrower on the Closing Date, a term loan in Dollars (the
               Term Loan) in the aggregate principal amount of TWELVE
               MILLION AND 00/100 ($12,000,000.00) DOLLARS (the Term Loan
               Committed Amount). The Term Loan may consist of Base Rate Loans or LIBOR
               Loans, or a combination thereof, as Borrower may request; provided,
               however, that no more than five (5) LIBOR Loans which are Term Loans
               shall be outstanding hereunder at any time (it being understood that, for
               purposes hereof, LIBOR Loans with different Interest Periods shall be considered
               as separate LIBOR Loans, even if they begin on the same date, although
               borrowings, extensions and conversions may, in accordance with the provisions
               hereof, be combined at the end of existing Interest Periods to constitute a new
               LIBOR Loan with a single Interest Period). Amounts repaid on the Term Loan may
               not be reborrowed.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (b)       
               Borrowing Procedures. Borrower shall submit an appropriate Notice of
               Borrowing to Lender not later than 11:00 A.M. (Atlanta, Georgia time) on the
               business day immediately prior to the Closing Date, with respect to the portion
               of the Term Loan initially consisting of a Base Rate Loan, or not later than
               4:00 P.M. on the third (3rd) Business Day prior to the Closing Date,
               with respect to the portion of the Term Loan initially consisting of one or more
               LIBOR Loans. Such Notice of Borrowing shall be irrevocable and shall specify
               (i) that the funding of a Term Loan is requested and (ii) whether the
               funding of the Term Loan shall be comprised of Base Rate Loans, LIBOR Loans or a
               combination thereof, and if LIBOR Loans are requested, the Interest Period(s)
               therefor. If Borrower shall fail to deliver such Notice of Borrowing to Lender
               by 4:00 P.M. (Atlanta, Georgia time) on the third Business Day prior to the
               Closing Date, then the full amount of the Term Loan shall be disbursed on the
               Closing Date as a Base Rate Loan.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Minimum Amounts. Each LIBOR Loan or Base Rate Loan that is part of the
               Term Loan shall be in an aggregate principal amount that is not less than (i)
               with respect to each LIBOR Loan, $500,000.00 and integral multiples of
               $100,000.00 (or the then remaining principal balance of the Term Loan, if less),
               and (ii) with respect to each Base Rate Loan, $100,000.00 and integral multiples
               of $100,000.00 (or the then remaining principal balance of the Term Loan, if
               less).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Repayment of Term Loan. Borrower hereby promises to pay the outstanding
               principal amount of the Term Loan in twelve (12) quarterly installments of One
               Million and No/100ths Dollars ($1,000,000.00) each on the last Business Day of
               each quarter, unless accelerated sooner pursuant to Section 9.2.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | All
remaining outstanding principal on the Term Loan, unless accelerated sooner pursuant to
Section 9.2., shall be due and payable on the Maturity Date.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Interest. Subject to the provisions of Section 3.1, the Term Loan
               shall bear interest at a per annum rate equal to:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Base Rate Loans. During such periods as the Term Loan shall be comprised
               of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate
               equal to the Adjusted Base Rate.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               LIBOR Loans. During such periods as the Term Loan shall be comprised of
               LIBOR Loans, such LIBOR Loans shall bear interest at a per annum rate equal to
               the Adjusted LIBOR Rate.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Borrower
hereby promises to pay interest on the Term Loan in arrears on each applicable Interest
Payment Date (or at such other times as may be specified herein).
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               Term Note. Borrower hereby agrees that, at Closing, Borrower will execute
               and deliver to Lender a promissory note evidencing the Term Loan made by such
               Lender in an original principal amount equal to $12,000,000.00 and substantially
               in the form of Exhibit 2.4(f) (the Term Note).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



# SECTION 3

# OTHER PROVISIONS
RELATING TO THE CREDIT FACILITY

3.1      
Default Rate.

Upon
the occurrence, and during the continuance, of an Event of Default, at the election of
Lender on and after delivery of written notice from Lender to Borrower of Lenders
intention to impose the Default Rate, the principal of and, to the extent permitted by
law, interest on the Loans and any other amounts owing hereunder or under the other Credit
Documents shall bear interest, payable on demand, at a per annum rate equal to the Default
Rate.

3.2      
Extension and Conversion.

Borrower
shall have the option, on any Business Day, to extend existing Loans into a subsequent
permissible Interest Period or to convert Loans into Loans of another interest rate type;
provided, however, that (i) except as provided in Section 3.8,
LIBOR Loans may be converted into Base Rate Loans or extended as LIBOR Loans for new
Interest Periods only on the last day of the Interest Period applicable thereto,
(ii) Loans extended as, or converted to, LIBOR Loans shall be subject to the terms of
the definition of Interest Period set forth in Section 1.1 and
shall be in such minimum amounts as provided in, with respect to Revolving Loans,
Section 2.1(b)(ii), or, with respect to the Term Loan, Section 2.2(c), (iii) no
more than five (5) LIBOR Loans which are Revolving Loans and five (5) LIBOR Loans which
are Term Loans shall be outstanding hereunder at any time (it being understood that, for
purposes hereof, LIBOR Loans with different Interest Periods shall be considered as
separate LIBOR Loans, even if they begin on the same date, although borrowings, extensions
and conversions may, in accordance with the provisions hereof, be combined at the end of
existing Interest Periods to constitute a new LIBOR Loan with a single Interest Period),
(iv) any request for extension or conversion of a LIBOR Loan which shall fail to
specify an Interest Period shall be deemed to be a request for an Interest Period of one
month and (v) any combination of LIBOR and Base Rate Loans may be outstanding under the
Revolving or Term Loan Facilities at any one time. Each such extension or conversion shall
be effected by Borrower by giving a Notice of Extension/Conversion (or telephonic notice
promptly confirmed in writing) to the office of Lender specified in Exhibit 3.2, or at
such other office as Lender may designate in writing, prior to 11:00 A.M. (Atlanta,
Georgia time) on the Business Day immediately prior to, in the case of the conversion of a
LIBOR Loan into a Base Rate Loan, and on the third (3rd) Business Day prior to,
in the case of the extension of a LIBOR Loan as, or conversion of a Base Rate Loan into, a
LIBOR Loan, the date of the proposed extension or conversion, specifying the date of the
proposed extension or conversion, the Loans to be so extended or converted, the types of
Loans into which such Loans are to be converted and, if appropriate, the applicable
Interest Periods with respect thereto. In the event Borrower fails to request extension or
conversion of any LIBOR Loan in accordance with this Section 3.2, or any such
conversion or extension is not permitted or required by this Section 3.2, then such
LIBOR Loan shall be automatically converted into a Base Rate Loan at the end of the
Interest Period applicable thereto.

---



3.3      
Prepayments.

| | (a)       
               Voluntary Prepayments. Other than repayments of Revolving Loan advances
               to the Sweep Account, Borrower shall have the right to prepay Loans in whole or
               in part from time to time; provided, however, that (i) each
               partial prepayment of Loans shall be in a minimum principal amount of
               $100,000.00 and integral multiples of $50,000.00 in excess thereof (or the then
               remaining principal balance of the Revolving Loans or the Term Loan, if less).
               Subject to the foregoing terms, amounts prepaid under this Section 3.3(a)
               shall be applied first to Revolving Loans (until the Revolving Loan balance is
               zero), and then to the Term Loan (in direct order of maturity to the remaining
               scheduled principal amortization payments due under the Term Loan), in each case
               first to Base Rate Loans and then to LIBOR Loans in direct order of Interest
               Period maturities. All prepayments under this Section 3.3(a) shall be
               subject to Section 3.12, but otherwise without premium or penalty, and
               shall be accompanied by interest on the principal amount prepaid through the
               date of prepayment.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Mandatory Prepayments. If at any time, the sum of the aggregate
               outstanding principal amount of Revolving Loans shall exceed the Revolving
               Committed Amount, Borrower immediately shall prepay the Revolving Loans in an
               amount sufficient to eliminate such excess.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.4      
Termination and Reduction of Revolving Committed Amount.

| | (a)       
               Voluntary Reductions. Borrower may from time to time permanently reduce
               or terminate the Revolving Committed Amount in whole or in part (in minimum
               aggregate amounts of $500,000 or in integral multiples of $100,000 in excess
               thereof (or, if less, the full remaining amount of the then applicable Revolving
               Committed Amount)) upon three (3) Business Days prior written notice to
               Lender; provided, however, no such termination or reduction shall
               be made which would cause the sum of the aggregate outstanding principal amount
               of Revolving Loans to exceed the Revolving Committed Amount unless, concurrently
               with such termination or reduction, the Revolving Loans are repaid to the extent
               necessary to eliminate such excess.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Maturity Date. Unless terminated sooner pursuant to Section 3.4(a)
               or Section 9.2, the Revolving Commitment shall automatically terminate on
               the Maturity Date.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               General. Borrower shall pay to Lender in accordance with the terms of
               Section 3.5(b), on the date of each termination or reduction of the Revolving
               Committed Amount, the Unused Fee accrued through the date of such termination or
               reduction on the amount of the Revolving Committed Amount so terminated or
               reduced.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.5      
Fees.

| | (a)       
               Upfront Fee. Borrower will pay, at Closing, an upfront commitment fee in
               the amount of $50,000.00, such fee having been previously earned by Lender.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Unused Fee. In consideration of the Revolving Commitment of Lender
               hereunder, Borrower promises to pay to Lender a fee (the Unused
               Fee) on the Unused Revolving Committed Amount computed at a per annum
               rate for each day during the applicable Unused Fee Calculation Period
               (hereinafter defined) at a rate equal to 0.125% on the Unused Revolving
               Committed Amount. The Unused Fee shall commence to accrue on the Closing Date
               and shall be due and payable in arrears on the first (1st) Business
               Day following the last Business Day of each March, June, September and December
               (and on any date that the Revolving Committed Amount is reduced and on the
               Maturity Date) for the immediately preceding quarter (or portion thereof) (each
               such quarter or portion thereof for which the Unused Fee is payable hereunder
               being herein referred to as an Unused Fee Calculation
               Period), beginning with the first of such dates to occur after the
               Closing Date.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



3.6      
Capital Adequacy.

If
Lender has determined, after the date hereof, that the adoption or the becoming effective
of, or any change in, or any change by any Governmental Authority, central bank or
comparable agency charged with the interpretation or administration thereof in the
interpretation or administration of, any applicable law, rule or regulation regarding
capital adequacy, or compliance by Lender with any request or directive regarding capital
adequacy (whether or not having the force of law) of any authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return on
Lenders capital or assets as a consequence of its commitments or obligations
hereunder to a level below that which Lender could have achieved but for adoption,
effectiveness, change or compliance (taking into consideration Lenders policies with
respect to capital adequacy), then, upon notice from Lender to Borrower, Borrower shall be
obligated to pay to Lender additional amount or amounts as will compensate Lender for such
reduction. Each determination by any Lender of amounts owing under this
Section shall, absent manifest error, be conclusive and binding on the parties
hereto.

3.7      
Limitation on LIBOR Loans.

If
on or prior to the first day of any Interest Period for any LIBOR Loan:

| | (a)       
               Lender determines (which determination shall be conclusive) that by reason of
               circumstances affecting the relevant market, adequate and reasonable means do
               not exist for ascertaining the LIBOR Rate for such Interest Period; or
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Lender determines (which determination shall be conclusive) that the LIBOR Rate
               will not adequately and fairly reflect the cost to Lender of funding LIBOR Loans
               for such Interest Period;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

then Lender shall give Borrower
prompt notice thereof, and so long as such condition remains in effect, Lender shall be
under no obligation to make additional LIBOR Loans, continue LIBOR Loans, or to convert
Base Rate Loans into LIBOR Loans and Borrower shall, on the last day(s) of the then
current Interest Period(s) for the outstanding LIBOR Loans, either prepay such LIBOR Loans
or Convert such LIBOR Loans into Base Rate Loans in accordance with the terms of this
Credit Agreement.

---



3.8      
Illegality.

Notwithstanding
any other provision of this Credit Agreement, in the event that it becomes unlawful for
Lender to make, maintain, or fund LIBOR Loans hereunder, then Lender shall notify Borrower
thereof and Lenders obligation to make or continue LIBOR Loans and to convert Base
Rate Loans into LIBOR Loans shall be suspended until such time as Lender may again make,
maintain, and fund LIBOR Loans (in which case the provisions of Section 3.10 shall be
applicable).

3.9      
Requirements of Law.

If,
after the date hereof, the adoption of any applicable law, rule, or regulation, or any
change in any applicable law, rule, or regulation, or any change in the interpretation or
administration thereof by any Governmental Authority, central bank, or comparable agency
charged with the interpretation or administration thereof, or compliance by Lender with
any request or directive (whether or not having the force of law) of any such Governmental
Authority, central bank, or comparable agency:

| | (i)       
               shall subject Lender to any tax, duty, or other charge with respect to any LIBOR
               Loans, the Note, or its obligation to make LIBOR Loans, or change the basis of
               taxation of any amounts payable to Lender under this Credit Agreement or the
               Note in respect of any LIBOR Loans (other than taxes imposed on the overall net
               income of Lender by the jurisdiction in which Lender has its principal office);
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               shall impose, modify, or deem applicable any reserve, special deposit,
               assessment, or similar requirement (other than the LIBOR Reserve Percentage
               utilized in the determination of the Adjusted LIBOR Rate) relating to any
               extensions of credit or other assets of, or any deposits with or other
               liabilities or commitments of Lender, including the Commitment hereunder; or
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)       
               shall impose on Lender (or its Applicable Lending Office) or the London
               interbank market any other condition affecting this Credit Agreement or the Note
               or any of such extensions of credit or liabilities or commitments;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

and the result of any of the
foregoing is to increase the cost to Lender of making, converting into, continuing, or
maintaining any LIBOR Loans or to reduce any sum received or receivable by Lender under
this Credit Agreement or the Note with respect to any LIBOR Loans, then Borrower shall pay
to Lender on demand such amount or amounts as will compensate Lender for such increased
cost or reduction. If Lender requests compensation by Borrower under this
Section 3.9, Borrower may, by notice to Lender, suspend the obligation of Lender to
make or continue LIBOR Loans, or to convert Base Rate Loans into LIBOR Loans, until the
event or condition giving rise to such request ceases to be in effect (in which case the
provisions of Section 3.10 shall be applicable); provided that such suspension
shall not affect the right of Lender to receive the compensation so requested. Lender
shall promptly notify Borrower of any event of which it has knowledge, occurring after the
date hereof, which will entitle Lender to compensation pursuant to this Section 3.9
and will designate a different office from which to fund the Loans if such designation
will avoid the need for, or reduce the amount of, such compensation and will not, in the
judgment of Lender, be otherwise disadvantageous to it. If Lender claims compensation
under this Section 3.9, Lender shall furnish to Borrower a statement setting forth
the additional amount or amounts to be paid to it hereunder which shall be conclusive in
the absence of manifest error. In determining such amount, Lender may use any reasonable
averaging and attribution methods.

---



3.10      
Treatment of Affected Loans.

If
the obligation of Lender to make any LIBOR Loan or to continue, or to convert Base Rate
Loans into, LIBOR Loans shall be suspended pursuant to Section 3.7, 3.8 or 3.9
hereof, all LIBOR Loans shall be automatically converted into Base Rate Loans on the last
day(s) of the then current Interest Period(s) for such LIBOR Loans (or, in the case of a
conversion, on such earlier date as Lender may specify to Borrower) and, unless and until
Lender gives notice as provided below that the circumstances specified in
Section 3.7, 3.8 or 3.9 hereof that gave rise to such conversion no longer exist:

| | (a)       
               to the extent that LIBOR Loans have been so converted, all payments and
               prepayments of principal that would otherwise be applied to LIBOR Loans shall be
               applied instead to Base Rate Loans; and
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               all Loans that would otherwise be made or continued as LIBOR Loans shall be made
               or continued instead as Base Rate Loans, and all Base Rate Loans that would
               otherwise be converted into LIBOR Loans shall remain as Base Rate Loans.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

If Lender gives notice to Borrower
that the circumstances specified in Section 3.7, 3.8 or 3.9 hereof that gave rise to
the conversion of LIBOR Loans pursuant to this Section 3.10 no longer exist (which
Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when
LIBOR Loans are outstanding, all Base Rate Loans shall be automatically converted, on the
first day(s) of the next succeeding Interest Period(s) for such outstanding LIBOR Loans.

3.11      
Taxes.

| | (a)       
               Any and all payments by Borrower to or for the account of Lender hereunder or
               under any other Credit Document shall be made free and clear of and without
               deduction for any and all present or future taxes, duties, levies, imposts,
               deductions, charges or withholdings, and all liabilities with respect thereto,
               excluding taxes imposed on Lenders income, and franchise taxes imposed on
               Lender, by the jurisdiction under the laws of which Lender is organized or any
               political subdivision thereof (all such non-excluded taxes, duties, levies,
               imposts, deductions, charges, withholdings, and liabilities being hereinafter
               referred to as Taxes). If Borrower shall be required by law
               to deduct any Taxes from or in respect of any sum payable under this Credit
               Agreement or any other Credit Document to Lender, (i) the sum payable shall
               be increased as necessary so that after making all required deductions
               (including deductions applicable to additional sums payable under this
               Section 3.11) Lender receives an amount equal to the sum it would have
               received had no such deductions been made, (ii)  Borrower shall make such
               deductions, (iii) Borrower shall pay the full amount deducted to the
               relevant taxation authority or other authority in accordance with applicable
               law, and (iv) Borrower shall furnish to Lender, at its address referred to
               in Section 11.1, the original or a certified copy of a receipt evidencing
               payment thereof.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (b)       
               In addition, Borrower agrees to pay any and all present or future stamp or
               documentary taxes and any other excise or property taxes or charges or similar
               levies which arise from any payment made under this Credit Agreement or any
               other Credit Document or from the execution or delivery of, or otherwise with
               respect to, this Credit Agreement or any other Credit Document (hereinafter
               referred to as Other Taxes).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Borrower agrees to indemnify Lender for the full amount of Taxes and Other Taxes
               (including, without limitation, any Taxes or Other Taxes imposed or asserted by
               any jurisdiction on amounts payable under this Section 3.11) paid by Lender
               (as the case may be) and any liability (including penalties, interest, and
               expenses) arising therefrom or with respect thereto.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               If Borrower is required to pay additional amounts to or for the account of
               Lender pursuant to this Section 3.11, then Lender will agree to use
               reasonable efforts to change the jurisdiction of its applicable lending office
               so as to eliminate or reduce any such additional payment which may thereafter
               accrue if such change, in the judgment of Lender, is not otherwise
               disadvantageous to Lender.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Without prejudice to the survival of any other agreement of Borrower hereunder,
               the agreements and obligations of Borrower contained in this Section 3.11
               shall survive the repayment of the Loans and other obligations under the Credit
               Documents and the termination of the Commitments hereunder.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.12      
Compensation.

Upon
demand by Lender from time to time, Borrower shall promptly compensate Lender for and hold
Lender harmless from any loss, cost or expense incurred by it as a result of:

| | (a)       
               any continuation, conversion, payment or prepayment of any LIBOR Loan on a day
               other than the last day of the Interest Period for such LIBOR Loan (whether
               voluntary, mandatory, automatic, or for any other reason, including, the
               acceleration of the Loans pursuant to Section 9.2 hereof;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               any failure by Borrower (for a reason other than the failure of Lender to make a
               Loan) to prepay, borrow, continue or convert any LIBOR Loan on the date or in
               the amount notified by Borrower;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

including any loss of anticipated
profits and any loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain such Loan or from fees payable to terminate the deposits from
which such funds were obtained. Borrower shall also pay any customary administrative fees
charged by Lender in connection with the foregoing.

For
purposes of calculating amounts payable by Borrower to Lender under this
Section 3.12, Lender shall be deemed to have funded each LIBOR Loan made by it at the
LIBOR Rate for such Loan by a matching deposit or other borrowing in the applicable
offshore Dollar interbank market for a comparable amount and for a comparable period,
whether or not such LIBOR Loan was in fact so funded. The covenants of Borrower set forth
in this Section 3.12 shall survive the repayment of the Loans and other obligations
under the Credit Documents and the termination of the Commitment hereunder.

---



3.13      
Payments, Computations, Etc.

| | (a)       
               Generally. Except as otherwise specifically provided herein, all payments
               hereunder shall be made to Lender in Dollars in immediately available funds,
               without condition or deduction for any counterclaim, defense, recoupment or
               setoff of any kind, at Lenders office specified in Section 10.1 hereof,
               not later than 2:00 P.M. (Atlanta, Georgia time) on the date when due. Payments
               received after such time shall be deemed to have been received on the next
               succeeding Business Day. Lender may (but shall not be obligated to) debit the
               amount of any such payment which is not made by such time to any ordinary
               deposit account of Borrower or any other credit party maintained with Lender.
               Borrower shall, at the time it makes any payment under this Credit Agreement,
               specify to Lender the Loans, Fees, interest or other amounts payable by Borrower
               hereunder to which such payment is to be applied. Whenever any payment hereunder
               shall be stated to be due on a day which is not a Business Day, the due date
               thereof shall be extended to the next succeeding Business Day (subject to
               accrual of interest and Fees for the period of such extension), except that in
               the case of LIBOR Loans, if the extension would cause the payment to be made in
               the next following calendar month, then such payment shall instead be made on
               the next preceding Business Day. Except as expressly provided otherwise herein,
               all computations of interest and fees shall be made on the basis of actual
               number of days elapsed over a year of 360 days, except with respect to
               computation of interest on Base Rate Loans which shall be calculated based on a
               year of 365 or 366 days, as appropriate. Interest shall accrue from and include
               the date of borrowing, but exclude the date of payment.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Allocation of Payments After Acceleration. Notwithstanding any other
               provisions of this Credit Agreement to the contrary, after acceleration of the
               Obligations pursuant to Section 9.2, all amounts collected or received by
               Lender on account of the Obligations or any other amounts outstanding under any
               of the Credit Documents or in respect of the Collateral shall be paid over or
               delivered as follows:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | FIRST,
to the payment of all reasonable out-of-pocket costs and expenses (including without
limitation reasonable attorneys fees) of Lender in connection with enforcing the
rights of Lender under the Credit Documents;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | SECOND,
to payment of any Fees owed to Lender;
| | ----------------------------------------------

| | THIRD,
to the payment of all of the Obligations consisting of accrued interest or other fees
(including, without limitation, accrued interest or fees arising under any Financial
Contracts between Borrower and Lender, or any Affiliate of Lender);
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | FOURTH,
to the payment of the outstanding principal amount of the Obligations (including, without
limitation, the outstanding principal amount arising under any Financial Contracts between
Borrower and Lender, or any Affiliate of Lender);
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | FIFTH,
to all other Obligations and other obligations which shall have become due and payable
under the Credit Documents or otherwise and not repaid pursuant to
clauses FIRST through FOURTH above; and
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | SIXTH,
to the payment of the surplus, if any, to whomever may be lawfully entitled to receive
such surplus.
| | -----------------------------------------------------------------------------------------------------------

| | In
carrying out the foregoing, amounts received shall be applied in the numerical order
provided until exhausted prior to application to the next succeeding category.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

3.14      
Evidence of Debt.

| | (a)       
               Lender shall maintain an account or accounts evidencing each Loan made to
               Borrower from time to time, including the amount, type and Interest Period of
               each Loan hereunder, the amount of principal and interest payable and paid to
               Lender from time to time under this Credit Agreement. Lender will make
               reasonable efforts to maintain the accuracy of its account or accounts and to
               promptly update its account or accounts from time to time, as necessary.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The entries made in the accounts maintained pursuant to clause (a) of this
               Section 3.14 shall create a rebuttable presumption in favor of existence
               and amounts of the obligations of Borrower therein recorded; provided,
               however, that the failure of Lender to maintain any such account, or any
               error therein, shall not in any manner affect the obligation of Borrower to
               repay the Obligations owing to Lender.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

# SECTION 4

# [RESERVED]

# SECTION 5

# CONDITIONS

5.1      
Closing Conditions.

The
obligation of Lender to enter into this Credit Agreement and to make the initial Loans
shall be subject to satisfaction of the following conditions:

| | (a)       
               Executed Credit Documents. Receipt by Lender of duly executed copies of:
               (i) this Credit Agreement, (ii) the Pledge Agreement and related documents
               (including, but not limited to, stock powers, stock proxies and related
               documents, all in form and substance satisfactory to Lender) and (ii) all
               other Credit Documents.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



(b)       
          Organizational Documents. Receipt by Lender of the following:

| | (i)       
               Charter Documents. Copies of the Articles of Incorporation and other
               charter documents of Borrower and each Domestic Subsidiary certified to be true
               and complete as of a recent date by the appropriate Governmental Authority of
               the jurisdiction of its organization and certified by a secretary or assistant
               secretary of Borrower or such Domestic Subsidiary, as applicable, to be true and
               correct as of the Closing Date.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               Bylaws; Etc. A copy of the Bylaws or other governing document of Borrower
               and each Domestic Subsidiary, certified on behalf of Borrower or such Domestic
               Subsidiary, as applicable, by a secretary or assistant secretary of Borrower or
               such Domestic Subsidiary, as applicable, to be true and correct as of the
               Closing Date.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)       
               Resolutions. Copies of resolutions of the board of directors of Borrower
               and each Domestic Subsidiary approving and adopting the Credit Documents to
               which it is a party, the transactions contemplated therein and authorizing
               execution and delivery thereof, certified on behalf of Borrower or such Domestic
               Subsidiary by a secretary or assistant secretary of Borrower or such Domestic
               Subsidiary, as applicable, to be true and correct and in force and effect as of
               the Closing Date.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)       
               Good Standing. Copies of certificates of good standing, existence or
               their equivalent with respect to Borrower and each Domestic Subsidiary,
               certified as of a recent date by the appropriate Governmental Authorities of the
               state or other jurisdiction of their respective organization and each other
               jurisdiction in which the failure to so qualify and be in good standing would
               reasonably be expected to have a Material Adverse Effect.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)       
               Incumbency. An incumbency certificate of Borrower and each Domestic
               Subsidiary certified on behalf of Borrower or such Domestic Subsidiary by a
               secretary or assistant secretary of such party to be true and correct as of the
               Closing Date.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Opinions of Counsel. Receipt by Lender or a legal opinion of counsel for
               Borrower and each Domestic Subsidiary, dated as of the Closing Date and in form
               and substance reasonably satisfactory to Lender, including, without limitation,
               an opinion as to the proper perfection and enforceability of the Collateral
               Documents.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Evidence of Insurance. Receipt by Lender of copies of insurance policies
               or certificates of insurance of Borrower and the other Consolidated Parties
               evidencing liability and casualty insurance meeting the requirements set forth
               in the Credit Documents.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Officers Certificates. Receipt by Lender of a certificate or
               certificates executed on behalf of Borrower by an Executive Officer of Borrower
               as of the Closing Date, in form and substance satisfactory to Lender, stating
               that (1)  no Default or Event of Default exists, (2) all
               representations and warranties contained herein and in the other Loan Documents
               are true and correct in all material respects.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (f)       
               Corporate Structure. Approval by Lender of the corporate capital and
               ownership structure, operating agreement and management of the Consolidated
               Parties (after giving effect to the Loans).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               Fees and Expenses. Payment by Borrower to Lender of all Fees and expenses
               relating to the Loan Facilities which are due and payable on the Closing Date.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)       
               Litigation. Receipt and approval by Lender of information regarding
               existing claims, litigation and proceedings (whether pending or threatened)
               against any Consolidated Party and evidence of satisfactory and adequate
               insurance coverage for the same;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Collateral. Receipt by Lender of:
| | -----------------------------------------------------------

|(i) |  | searches of Uniform Commercial Code filings against the Consolidated Parties in
          all appropriate jurisdictions, and copies of all financing statements on file in
          such jurisdictions;
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(ii) |  | duly authorized UCC financing statements for each appropriate jurisdiction as is
          necessary, in Lenders sole discretion, to perfect Lenders security
          interest in the Collateral;
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(iii) |  | all certificates evidencing any certificated Capital Stock pledged to Lender
          pursuant to the Pledge Agreement, together with duly executed in blank, undated
          stock powers attached thereto.
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)       
               No Orders. There shall not exist any pending or threatened action, suit,
               investigation or proceeding, which, if adversely determined, could materially
               and adversely affect Borrower, any transaction contemplated hereby or the
               ability of Borrower to perform its obligations under the Credit Documents or the
               ability of Lender to exercise its rights thereunder.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (k)       
               Market Changes. The absence of any material disruption of or a material
               adverse change in conditions in the financial, banking or capital markets which
               Lender, in its sole discretion, deems material in connection with the
               Obligations.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (l)       
               Existing Credit Facility. All loans and obligations under Borrowers
               existing credit facility with Wachovia Bank, N.A. shall have been paid in full
               (or will be paid in full with proceeds of Loans made on the Closing Date), all
               commitments thereunder shall have terminated, and all collateral securing such
               indebtedness shall have been released. Borrower shall deliver such Uniform
               Commercial Code termination statements or other evidence of such release as may
               be required by Lender.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (m)       
               Other. Receipt and approval by Lender of such other documents,
               instruments, agreements or information as reasonably requested by any Lender,
               including, but not limited to, information regarding litigation, tax,
               accounting, labor, insurance, pension liabilities (actual or contingent), real
               estate leases, environmental matters, material contracts, debt agreements,
               property ownership, management agreements, employment agreements, stockholder
               agreements, contingent liabilities and management of Borrower.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

5.2      
Conditions to all Extensions of Credit.

The
obligations of Lender to make, convert or extend any Loan (including the initial Loans)
are subject to satisfaction of the following conditions in addition to satisfaction on the
Closing Date of the conditions set forth in Section 5.1:

| | (a)       
               Other than Revolving Loans to the Sweep Account, Borrower shall have delivered,
               in the case of any Revolving Loan or any portion of the Term Loan, an
               appropriate Notice of Borrowing or Notice of Extension/Conversion;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The representations and warranties set forth in Section 6 shall, subject to
               the limitations set forth therein, be true and correct in all material respects
               as of such date (except for those which expressly relate to an earlier date);
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               There shall not have been commenced against Borrower an involuntary case under
               any applicable bankruptcy, insolvency or other similar law now or hereafter in
               effect, or any case, proceeding or other action for the appointment of a
               receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
               official) of Borrower or for any substantial part of its Property or for the
               winding up or liquidation of its affairs, and such involuntary case or other
               case, proceeding or other action shall remain undismissed;
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               No Default or Event of Default shall exist and be continuing either prior to or
               after giving effect thereto.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Immediately after giving effect to the making of such Loan, in the case of a
               request for a Revolving Loan (and the application of the proceeds thereof) the
               sum of the aggregate outstanding principal amount of Revolving Loans shall not
               exceed the Revolving Committed Amount.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The
delivery of each Notice of Borrowing and each request for a Loan pursuant to
Section 2.1(b) shall constitute a representation and warranty by Borrower of the
correctness of the matters specified in subsections (b), (c) and (d) above.

# SECTION 6

# REPRESENTATIONS AND
WARRANTIES

Borrower
hereby represents to Lender that:

6.1      
Financial Condition.

The
audited consolidated financial statements of the Consolidated Parties heretofore delivered
to Lender (i) have been prepared in accordance with GAAP consistently applied
throughout the periods covered thereby, and (ii) present fairly (on the basis
disclosed in the footnotes to such financial statements) the consolidated financial
condition, results of operations and cash flows of the Consolidated Parties as of such
date and for such periods.

---



6.2      
No Material Change.

Since
May 31, 2003, there has been no development or event or series of developments or events
relating to or affecting any Consolidated Party which, singly or taken together, has had
or would reasonably be expected to have a Material Adverse Effect.

6.3      
Organization and Good Standing.

Borrower
(i) is duly organized, validly existing and is in good standing under the laws of the
jurisdiction of its incorporation or organization, (ii) has the corporate or other
necessary power and authority, and the legal right, to own and operate its property, to
lease the property it operates as lessee and to conduct the business in which it is
currently engaged, and (iii) is duly qualified as a foreign entity and in good
standing under the laws of each jurisdiction where its ownership, lease or operation of
property or the conduct of its business requires such qualification, other than in such
jurisdictions where the failure to be so qualified and in good standing would not
reasonably be expected to have a Material Adverse Effect.

6.4      
Power; Authorization; Enforceable Obligations.

Borrower
has the corporate or other necessary power and authority, and the legal right, to make,
deliver and perform the Credit Documents and to obtain extensions of credit hereunder, and
has taken all necessary corporate or other necessary action to authorize the borrowings
and other extensions of credit on the terms and conditions of this Credit Agreement and to
authorize the execution, delivery and performance of the Credit Documents. No consent or
authorization of, filing with, notice to or other similar act by or in respect of, any
Governmental Authority or any other Person is required to be obtained or made by or on
behalf of Borrower in connection with the borrowings or other extensions of credit
hereunder, or with the execution, delivery, performance, validity or enforceability of the
Credit Documents. This Credit Agreement has been, and each other Credit Document will be,
duly executed and delivered on behalf of Borrower. This Credit Agreement constitutes, and
each other Credit Document when executed and delivered will constitute, a legal, valid and
binding obligation of Borrower enforceable against Borrower in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of creditors
rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law).

6.5      
No Conflicts.

Neither
the execution and delivery of the Credit Documents, nor the consummation of the
transactions contemplated therein, nor performance of and compliance with the terms and
provisions thereof by Borrower will (a) violate or conflict with any provision of its
articles or certificate of incorporation or bylaws or other organizational or governing
documents of Borrower, (b)  violate, contravene or conflict with any Requirement of
Law or any other law, regulation (including, without limitation, Regulation U or
Regulation X), order, writ, judgment, injunction, decree or permit applicable to Borrower,
(c) violate, contravene or conflict with contractual provisions of, or cause an event
of default under, any material indenture, credit agreement, mortgage, deed of trust,
contract or other agreement or instrument to which it is a party or by which it may be
bound or (d) result in or require the creation of any Lien (other than those
contemplated in or created in connection with the Credit Documents) upon or with respect
to its properties.

---



6.6      
No Default.

No
Consolidated Party is in default in any respect under any contract, lease, credit
agreement, indenture, mortgage, security agreement or other agreement or obligation to
which it is a party or by which any of its properties is bound which default would
reasonably be expected to have a Material Adverse Effect. No Default or Event of Default
has occurred or exists except as previously disclosed in writing to Lender.

6.7      
Ownership.

Borrower
is the owner of, and has good and marketable title to, all of its respective assets and
none of such assets is subject to any Lien other than Permitted Liens.

6.8      
Indebtedness.

Except
as otherwise permitted under Section 8.1, the Consolidated Parties have no
Indebtedness.

6.9      
Litigation.

There
does not exist any pending or, to the knowledge of Borrower, threatened action, suit or
legal, equitable, arbitration or administrative proceeding against Borrower or any other
Consolidated Party which would reasonably be expected to have a Material Adverse Effect.

6.10      
Taxes.

Each
Consolidated Party has filed, or caused to be filed, all tax returns (Federal, state,
local and foreign) required to be filed and paid (a) all amounts of taxes shown
thereon to be due (including interest and penalties) and (b) all other taxes, fees,
assessments and other governmental charges (including mortgage recording taxes,
documentary stamp taxes and intangibles taxes) owing by it, except for such taxes
(i) which are not yet delinquent or (ii) that are being contested in good faith
and by proper proceedings, and against which adequate reserves are being maintained in
accordance with GAAP. Borrower is not aware as of the Closing Date of any proposed tax
assessments against any Consolidated Party.

6.11      
Compliance with Law.

Each
Consolidated Party is in compliance with all Requirements of Law and all other laws,
rules, regulations, orders and decrees (including, without limitation, Environmental Laws)
applicable to it, or to its properties, unless such failure to comply would reasonably be
expected to have a Material Adverse Effect. No Requirement of Law would cause a Material
Adverse Effect.

---



6.12      
ERISA.

| | (a)       
               During the five-year period prior to the date on which this representation is
               made or deemed made: (i) no ERISA Event has occurred, and, to the best
               knowledge of Borrower, no event or condition has occurred or exists as a result
               of which any ERISA Event would reasonably be expected to occur, with respect to
               any Plan; (ii) no accumulated funding deficiency, as such term
               is defined in Section 302 of ERISA and Section 412 of the Code,
               whether or not waived, has occurred with respect to any Plan; (iii) each
               Plan has been maintained, operated, and funded in compliance with its own terms
               and in material compliance with the provisions of ERISA, the Code, and any other
               applicable Federal or state laws; and (iv) no Lien in favor of the PBGC or
               a Plan has arisen or is reasonably likely to arise on account of any Plan.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The actuarial present value of all benefit liabilities (as defined
               in Section 4001(a)(16) of ERISA), whether or not vested, under each Single
               Employer Plan, as of the last annual valuation date prior to the date on which
               this representation is made or deemed made (determined, in each case, in
               accordance with Financial Accounting Standards Board Statement 87, utilizing the
               actuarial assumptions used in such Plans most recent actuarial valuation
               report), did not exceed as of such valuation date the fair market value of the
               assets of such Plan.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               None of any of the Consolidated Parties nor any ERISA Affiliate has incurred,
               or, to the best knowledge of Borrower, could be reasonably expected to incur,
               any withdrawal liability under ERISA to any Multiemployer Plan or Multiple
               Employer Plan. None of the Consolidated Parties nor any ERISA Affiliate would
               become subject to any withdrawal liability under ERISA if any Consolidated Party
               or any ERISA Affiliate were to withdraw completely from all Multiemployer Plans
               and Multiple Employer Plans as of the valuation date most closely preceding the
               date on which this representation is made or deemed made. None of the
               Consolidated Parties nor any ERISA Affiliate has received any notification that
               any Multiemployer Plan is in reorganization (within the meaning of
               Section 4241 of ERISA), is insolvent (within the meaning of
               Section 4245 of ERISA), or has been terminated (within the meaning of Title
               IV of ERISA), and no Multiemployer Plan is, to the best knowledge of Borrower,
               reasonably expected to be in reorganization, insolvent, or terminated.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               No prohibited transaction (within the meaning of Section 406 of ERISA or
               Section 4975 of the Code) or breach of fiduciary responsibility has
               occurred with respect to a Plan which has subjected or may subject any
               Consolidated Party or any ERISA Affiliate to any liability under
               Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the
               Code, or under any agreement or other instrument pursuant to which any
               Consolidated Party or any ERISA Affiliate has agreed or is required to indemnify
               any Person against any such liability.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               None of the Consolidated Parties nor any ERISA Affiliates has any material
               liability with respect to expected post-retirement benefit
               obligations within the meaning of the Financial Accounting Standards Board
               Statement 106. Each Plan which is a welfare plan (as defined in
               Section 3(1) of ERISA) to which Sections 601-609 of ERISA and
               Section 4980B of the Code apply has been administered in compliance in all
               material respects with such sections.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (f)       
               Neither the execution and delivery of this Credit Agreement nor the consummation
               of the financing transactions contemplated thereunder will involve any
               transaction which is subject to the prohibitions of Sections 404, 406 or
               407 of ERISA or in connection with which a tax could be imposed pursuant to
               Section 4975 of the Code.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

6.13      
Corporate Structure; Capital Stock, Subsidiaries

| | (a)       
               The ownership structure (setting forth the percentage owned directly or
               indirectly by Borrower) of the Consolidated Parties (other than Borrower) as of
               the Closing Date is as described in Schedule 6.13. Set forth on
               Schedule 6.13 is a complete and accurate list as of the Closing Date
               with respect to each of Borrowers direct and indirect Subsidiaries of
               (i) jurisdiction of incorporation, (ii) number of shares of each class
               of Capital Stock outstanding, (iii) number and percentage of outstanding
               shares of each class owned (directly or indirectly) by the Consolidated Parties
               and (iv) number and effect, if exercised, of all outstanding options,
               warrants, rights of conversion or purchase and all other similar rights with
               respect thereto as of the Closing Date. The outstanding Capital Stock of all
               such Persons is validly issued, fully paid and non-assessable and is owned by
               the Consolidated Parties, directly or indirectly, in the manner set forth on
               Schedule 6.13, free and clear of all Liens. Other than as set forth
               in Schedule 6.13, no Subsidiary of Borrower has outstanding any
               securities convertible into or exchangeable for its Capital Stock nor does any
               such Person have outstanding any rights to subscribe for or to purchase or any
               options for the purchase of, or any agreements providing for the issuance
               (contingent or otherwise) of, or any calls, commitments or claims of any
               character relating to its Capital Stock. Except as set forth on Schedule
               6.13, Borrower has no Subsidiaries (direct or indirect).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The outstanding Capital Stock of each Subsidiary is all validly issued, fully
               paid and non-assessable.
| | -----------------------------------------------------------------------------------------------------------------------------------------------

6.14      
Governmental Regulations, Etc.

(a)       
          None of the transactions contemplated by this Credit Agreement (including,
          without limitation, the direct or indirect use of the proceeds of the Loans)
          will violate or result in a violation of the Securities Act, the Securities
          Exchange Act, any of Regulations U and X or any equivalent federal or
          provincial law or regulation of any other country.

(b)       
          Borrower is not (i) an investment company, or a company
          controlled by an investment company, within the meaning
          of the Investment Company Act of 1940, as amended, (ii) a holding
          company as defined in, or otherwise subject to regulation under, the
          Public Utility Holding Company Act of 1935, as amended or (iii) subject to
          regulation under any other Federal or state statute or regulation which limits
          its ability to incur Indebtedness, federal or provincial law or regulation of
          any other country.

---



6.15      
Purpose of Loans.

The
proceeds of the Revolving Loans hereunder shall be used solely by Borrower to repay
existing Indebtedness and to provide for working capital and general corporate purposes of
Borrower and its Subsidiaries. The proceeds of the Term Loan shall be used solely to
refinance existing term Indebtedness of Borrower and for no other purpose.

6.16      
Environmental Matters.

| | (a)       
               Each of the Real Properties and all operations at the Real Properties are in
               compliance with all applicable Environmental Laws, there is no violation of any
               Environmental Law with respect to the Real Properties or the Businesses, and
               there are no conditions relating to the Real Properties or the Businesses that
               would reasonably be expected to give rise to liability under any applicable
               Environmental Laws.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               None of the Real Properties contains, or has previously contained, any Materials
               of Environmental Concern at, on or under the Real Properties in amounts or
               concentrations that constitute or constituted a violation of, or that would
               reasonably be expected to give rise to liability under, Environmental Laws.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               No Consolidated Party has received any written or verbal notice of, or inquiry
               from any Governmental Authority regarding, any violation, alleged violation,
               non-compliance, liability or potential liability regarding environmental matters
               or compliance with Environmental Laws with regard to any of the Real Properties
               or the Businesses, nor does Borrower have knowledge or reason to believe that
               any such notice will be received or is being threatened.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Materials of Environmental Concern have not been transported or disposed of from
               the Real Properties, or generated, treated, stored or disposed of at, on or
               under any of the Real Properties or any other location, in each case by or on
               behalf of Borrower or any other Consolidated Party in violation of, or in a
               manner that that would reasonably be expected to give rise to liability under,
               any applicable Environmental Law.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               No judicial proceeding or governmental or administrative action is pending or,
               to the best knowledge of Borrower, threatened, under any Environmental Law to
               which any Consolidated Party is or will be named as a party, nor are there any
               consent decrees or other decrees, consent orders, administrative orders or other
               orders, or other administrative or judicial requirements outstanding under any
               Environmental Law with respect to Borrower, the other Consolidated Parties, the
               Real Properties or the Businesses.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               There has been no release, or threat of release, of Materials of Environmental
               Concern at or from the Real Properties, or arising from or related to the
               operations (including, without limitation, disposal) of any Consolidated Party
               in connection with the Real Properties or otherwise in connection with the
               Businesses, in violation of or in amounts or in a manner that could give rise to
               liability under Environmental Laws.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



6.17      
Intellectual Property.

Each
Consolidated Party owns, or has the legal right to use, all trademarks, service marks,
trade names, trade dress, patents, copyrights, trade secrets, technology, know-how and
processes (the Intellectual Property) necessary for it to conduct its
business as currently conducted except for those the failure to own or have such legal
right to use that would not reasonably be expected to have a Material Adverse Effect. No
claim has been asserted and is pending by any Person challenging or questioning the use of
the Intellectual Property or the validity or effectiveness of the Intellectual Property,
nor does Borrower know of any such claim, and the use of the Intellectual Property by the
Consolidated Parties or the granting of a right or a license in respect of the
Intellectual Property from the Consolidated Party does not infringe on the rights of any
Person, except for such claims and infringements that, in the aggregate, would not
reasonably be expected to have a Material Adverse Effect. As of the Closing Date, none of
the Intellectual Property of Borrower is subject to any licensing agreement or similar
arrangement except as set forth on Schedule 6.17.

6.18      
Solvency.

The
Consolidated Parties are Solvent on a consolidated basis.

6.19      
Investments.

All
Investments of each of the Consolidated Parties are Permitted Investments.

6.20      
Business Locations.

Set
forth on Schedule 6.20(a) is a list of all offices and places of business of
the Domestic Subsidiaries. Set forth on Schedule 6.20(b) is a list of all
locations where any tangible personal property of any Domestic Subsidiary is located. Set
forth on Schedule 6.20(c) is the chief executive office, jurisdiction of
incorporation or formation and principal place of business of each Domestic Subsidiary.

6.21      
Disclosure.

Neither
this Credit Agreement nor any financial statements delivered to Lender nor any other
document, certificate or statement furnished to Lender by or on behalf of Borrower in
connection with the transactions contemplated hereby contains any untrue statement of a
material fact or omits to state a material fact necessary in order to make the statements
contained therein or herein not misleading.

6.22      
No Burdensome Restrictions.

No
Consolidated Party is a party to any agreement or instrument or subject to any other
obligation or any charter or corporate restriction or any provision of any applicable law,
rule or regulation which, individually or in the aggregate, could have a Material Adverse
Effect.

---



6.23      
Brokers Fees.

No
Consolidated Party has any obligation to any Person in respect of any finders,
brokers, investment banking or other similar fee in connection with any of the
transactions contemplated under the Credit Documents.

6.24      
Labor Matters.

There
are no collective bargaining agreements or Multiemployer Plans covering the employees of
any Consolidated Party as of the Closing Date and none of the Consolidated Parties has
suffered any strikes, walkouts, work stoppages or other material labor difficulty within
the last five years.

6.25      
Nature of Business.

As
of the Closing Date, members of the Consolidated Group are engaged in the Business of
development, manufacture and marketing of immunological diagnostic medical products and
related Businesses, and no other Businesses.

6.26      
Certificates.

Each
Consolidated Party is in good standing with respect to all governmental approvals,
permits, licenses, certificates (including, without limitation, doing business
certificates in all states it currently does business), inspections, consents and
franchises necessary to continue to conduct its business and the businesses heretofore
conducted by its predecessors and to own or lease and operate its properties where the
failure to possess the same would not reasonably be expected to have a Material Adverse
Effect.

6.27      
Environmental Permits.

Each
Consolidated Party has obtained all permits, licenses and other authorizations which are
required under Environmental Laws and each Consolidated Party is in material compliance
with all terms and conditions of the required permits, licenses and authorizations, and is
also in compliance with all other limitations, restrictions, conditions, standards,
prohibitions, requirements, obligations, schedules and timetables contained in the
Environmental Laws except, in each case, as would not reasonably be expected to have a
Material Adverse Effect;

6.28      
Employment Agreements.

No
management or consulting agreements have been entered into, or are contemplated by, any
Consolidated Party with any Persons, nor have any management consultants been retained by
Borrower, except as set forth on Schedule 6.28 attached hereto.

6.29      
Names.

Borrower,
nor any predecessor of Borrower has, during the preceding five (5) years, been known as or
used any other corporate, fictitious or trade names or trade styles, other than the
present corporate name of Borrower and the names listed on Schedule 6.29 hereto;

---



6.30      
Reaffirmation.

Each
request for, and each acceptance of, an advance of any Loan shall constitute a
reaffirmation as of the date of the advance, of the truth and accuracy of the
representations and warranties set forth in this Agreement.

# SECTION 7

# AFFIRMATIVE COVENANTS

Borrower
hereby covenants and agrees that until such time as this Credit Agreement has been
terminated in accordance with the terms of Section 10.13:

7.1      
Information Covenants.

Borrower
will furnish, or cause to be furnished, to Lender:

| | (a)       
               Annual Financial Statements. As soon as available, and in any event
               within one hundred twenty (120) days after the close of each fiscal year of the
               Consolidated Parties, a consolidated balance sheet and income statement of the
               Consolidated Parties as of the end of such fiscal year, together with related
               consolidated statements of retained earnings and cash flows for such fiscal
               year, in each case setting forth in comparative form consolidated figures for
               the preceding fiscal year, all such financial information described above to be
               in reasonable form and detail and audited by independent certified public
               accountants of recognized national standing reasonably acceptable to Lender and
               whose opinion shall be to the effect that such financial statements have been
               prepared in accordance with GAAP and shall not be limited as to the scope of the
               audit or qualified as to the status of the Consolidated Parties as a going
               concern or any other material qualifications or exceptions.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Monthly Financial Statements. As soon as available, and in any event
               within thirty (30) days after each month-end, an internally-prepared
               consolidated balance sheet and income statement of the Consolidated Parties as
               of the end of such month, together with related consolidated statements of
               retained earnings and cash flows for such month (in each case, setting forth in
               comparative form consolidated figures for the corresponding period of the
               preceding fiscal year), all such financial information described above to be in
               reasonable form and detail and reasonably acceptable to Lender, and accompanied
               by a certificate of an Executive Officer of Borrower to the effect that such
               monthly financial statements fairly present in all material respects the
               financial condition of the Consolidated Parties and have been prepared in
               accordance with GAAP;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Accounts Receivable Aging. Within thirty (30) days after the end of each
               calendar fiscal quarter end or otherwise promptly upon request by Lender, an
               accounts receivable listing as to Borrower, the Domestic Subsidiaries, Immucor
               Medizinische Diagnostik GmbH, and Dominion Biologicals Limited, aged from the
               due date of each receivable.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (d)       
               Officers Compliance Certificate. Quarterly, within forty-five (45)
               days after then end of each fiscal quarter of the Consolidated Parties, a
               certificate of an Executive Officer of Borrower substantially in the form of
               Exhibit 7.1(c), (i) demonstrating compliance with the financial
               covenants contained in Section 7.10 by calculation thereof measured as of
               the end of each such fiscal period and (ii) stating that no Default or
               Event of Default exists, or if any Default or Event of Default does exist,
               specifying the nature and extent thereof and what action Borrower propose to
               take with respect thereto.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Accountants Certificate. Within the period for delivery of the
               annual financial statements provided in Section 7.1(a), a certificate of
               the accountants conducting the annual audit (whether contained in the annual
               audit, including in any footnote therein or otherwise) stating that they have
               reviewed this Credit Agreement as it relates to accounting and other financial
               matters and stating further whether, in the course of their audit, they have
               become aware of any Default or Event of Default and, if any such Default or
               Event of Default exists, specifying the nature and extent thereof,
               provided that such accountants shall not be liable by reason of any
               failure to obtain knowledge of any such Default or Event of Default that would
               not be disclosed in the course of their audit examination.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               Auditors Reports. Promptly upon receipt thereof, a copy of any
               other report or management letter submitted by independent
               accountants to any Consolidated Party in connection with any annual, interim or
               special audit of the books of such Person.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               Reports. Promptly upon transmission or receipt thereof, (i) copies
               of any filings and registrations with, and reports to or from, the Securities
               and Exchange Commission, any foreign equivalent thereof or any successor agency
               and (ii) upon the request of Lender, all reports and written information to
               and from the United States Environmental Protection Agency, or any state or
               local agency responsible for environmental matters, the United States
               Occupational Health and Safety Administration, or any state or local agency
               responsible for health and safety matters, or any successor agencies or
               authorities concerning environmental, health or safety matters.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)       
               Notices. Promptly upon any Executive Officer of Borrower obtaining
               knowledge thereof, Borrower will give written notice to Lender of (i) the
               occurrence of an event or condition consisting of a Default or Event of Default,
               specifying the nature and existence thereof and what action Borrower propose to
               take with respect thereto, and (ii) the occurrence of any of the following
               with respect to any Consolidated Party (A) the pendency or commencement of
               any litigation, arbitral or governmental proceeding against such Person which if
               adversely determined is likely to have a Material Adverse Effect, or
               (B) the institution of any proceedings against such Person with respect to,
               or the receipt of notice by such person of potential liability or responsibility
               for violation, or alleged violation of any Federal, state or local law, rule or
               regulation, whether of the United States or foreign jurisdiction, including but
               not limited to, Environmental Laws, the violation of which could have a Material
               Adverse Effect.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (i)       
               ERISA. Upon any Executive Officer of Borrower obtaining knowledge
               thereof, Borrower will give written notice to Lender promptly (and in any event
               within five (5) Business Days) of: (i) any event or condition, including,
               but not limited to, any Reportable Event, that constitutes, or might reasonably
               lead to, an ERISA Event; (ii) with respect to any Multiemployer Plan, the
               receipt of notice as prescribed in ERISA or otherwise of any withdrawal
               liability assessed against any Consolidated Party or any ERISA Affiliates, or of
               a determination that any Multiemployer Plan is in reorganization or insolvent
               (both within the meaning of Title IV of ERISA); (iii) the failure to make
               full payment on or before the due date (including extensions) thereof of all
               amounts which any Consolidated Party or any ERISA Affiliate is required to
               contribute to each Plan pursuant to its terms and as required to meet the
               minimum funding standard set forth in ERISA and the Code with respect thereto;
               or (iv) any change in the funding status of any Plan that could have a
               Material Adverse Effect, together with a description of any such event or
               condition or a copy of any such notice and a statement by an Executive Officer
               of Borrower briefly setting forth the details regarding such event, condition,
               or notice, and the action, if any, which has been or is being taken or is
               proposed to be taken by Borrower with respect thereto. Promptly upon request,
               Borrower shall furnish Lender with such additional information concerning any
               Plan as may be reasonably requested, including, but not limited to, copies of
               each annual report/return (Form 5500 series), as well as all schedules and
               attachments thereto required to be filed with the Department of Labor and/or the
               Internal Revenue Service pursuant to ERISA and the Code, respectively, for each
               plan year (within the meaning of Section 3(39) of ERISA).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)       
               Environmental. Upon the reasonable written request of Lender following
               the occurrence of any event or the discovery of any condition which Lender
               reasonably believes has caused (or could be reasonably expected to cause) the
               representations and warranties set forth in Section 6.16 to be untrue in
               any material respect, Borrower will furnish or cause to be furnished to Lender,
               at Borrower expense, a report of an environmental assessment of reasonable
               scope, form and depth, (including, where appropriate, invasive soil or
               groundwater sampling) by a consultant reasonably acceptable to Lender as to the
               nature and extent of the presence of any Materials of Environmental Concern on
               any Real Properties (as defined in Section 6.16) and as to the compliance
               by any Consolidated Party with Environmental Laws at such Real Properties. If
               Borrower fails to deliver such an environmental report within forty-five (45)
               days after receipt of such written request then Lender may arrange for same, and
               Borrower hereby grants to Lender and its representatives access to the Real
               Properties to reasonably undertake such an assessment (including, where
               appropriate, invasive soil or groundwater sampling). The reasonable cost of any
               assessment arranged for by Lender pursuant to this provision will be payable by
               Borrower on demand and added to the Obligations.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (k)       
               Annual Insurance Certificates. At the time of delivery of the financial
               statements and reports provided for in Section 7.1(a), copies of insurance
               policies or certificates of insurance of the Consolidated Parties evidencing
               liability and casualty insurance meeting the requirements set forth in the
               Credit Documents.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (l)       
               Other Information. With reasonable promptness upon any such request, such
               other information regarding the business, properties or financial condition of
               Borrower as Lender reasonably may request.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



7.2      
Preservation of Existence and Franchises.

Except
as a result of or in connection with a dissolution, merger or disposition of a Subsidiary
not prohibited by Section 8.4, Borrower will do all things necessary to preserve and
keep in full force and effect its and its Subsidiaries existence, rights, franchises
and authority.

7.3      
Books and Records.

Borrower
will, and will cause each of the Consolidated Parties to, keep complete and accurate books
and records of its transactions in accordance with good accounting practices on the basis
of GAAP (including the establishment and maintenance of appropriate reserves).

7.4      
Compliance with Law.

Borrower
will, and will cause each of the Consolidated Parties to, comply with all laws, rules,
regulations and orders, and all applicable restrictions imposed by all Governmental
Authorities (excluding any Environmental Laws), applicable to it and its Property if
noncompliance with any such law, rule, regulation, order or restriction would reasonably
be expected to have a Material Adverse Effect.

7.5      
Payment of Taxes and Other Claims.

Borrower
will, and will cause each of the Consolidated Parties to, pay and discharge (a) all
taxes, assessments and governmental charges or levies imposed upon it, or upon its income
or profits, or upon any of its properties, before they shall become delinquent and
(b) all lawful claims (including claims for labor, materials and supplies) which, if
unpaid, might give rise to a Lien upon any of its properties; provided,
however, that no Consolidated Party shall be required to pay any such tax,
assessment, charge, levy or claim which is being contested in good faith by appropriate
proceedings and as to which adequate reserves therefor have been established in accordance
with GAAP, unless the failure to make any such payment could have a Material Adverse
Effect.

7.6      
Insurance.

Borrower
will, and will cause each of the Consolidated Parties to, at all times maintain in full
force and effect insurance (including workers compensation insurance, liability
insurance, and casualty insurance in such amounts, covering such risks and liabilities and
with such deductibles or self-insurance retentions as are in accordance with normal
industry practice. Lender shall be named as loss payee or mortgagee, as its interest may
appear, and/or additional insured with respect to any such insurance providing coverage in
respect of any Collateral, and each provider of any such insurance shall agree, by
endorsement upon the policy or policies issued by it or by independent instruments
furnished to Lender, that it will give Lender thirty (30) days prior written notice before
any such policy or policies shall be altered or canceled.

---



7.7      
Maintenance of Property.

Borrower
will, and will cause each of the Consolidated Parties to, maintain and preserve its
properties and equipment material to the conduct of its business in good repair, working
order and condition, normal wear and tear excepted, and will make, or cause to be made, in
such properties and equipment from time to time all repairs, renewals, replacements,
extensions, additions, betterments and improvements thereto as may be needed or proper, to
the extent and in the manner customary for companies in similar businesses.

7.8      
Use of Proceeds.

Borrower
will use the proceeds of the Loans solely for the purposes set forth in Section 6.15.

7.9      
Audits/Inspections.

Upon
reasonable prior written notice and during normal business hours (unless an Event of
Default exists and is continuing in which case written notice shall not be required),
Borrower will, and will cause each of the Consolidated Parties to, permit representatives
appointed by Lender, including, without limitation, independent accountants, Lender,
attorneys, and appraisers to visit and inspect its property, including its books and
records, its accounts receivable and inventory, its facilities and its other business
assets, and to make photocopies or photographs thereof and to write down and record any
information such representative obtains and shall permit Lender or its representatives to
investigate and verify the accuracy of information provided to Lender and to discuss all
such matters with the officers, employees and representatives of such Person.

7.10      
Financial Covenants.

| | (a)       
               Maximum Leverage Ratio. The Leverage Ratio shall be less
               than or equal to 2.00 to 1.00 at all times beginning with the fiscal quarter of
               the Consolidated Parties ending February 28, 2004. The Leverage Ratio shall be
               tested on the last day of each fiscal quarter of the Consolidated Parties on a
               rolling four (4) quarter basis.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Minimum Fixed Charge Coverage Ratio. The Consolidated
               Parties shall maintain a Fixed Charge Coverage Ratio of at least 1.25 to 1.00
               commencing with the fiscal quarter of the Consolidated Parties ending February
               28, 2004. The Fixed Charge Coverage Ratio shall be tested on the last day of
               each fiscal quarter of the Consolidated Parties on a rolling four (4) quarter
               basis.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Minimum Consolidated Net Worth. Commencing with the fiscal
               quarter of the Consolidated Parties ending August 31, 2003, minimum Consolidated
               Net Worth at all times shall be greater than the sum of (i) Sixty-five
               Million and No/100ths Dollars ($65,000,000.00) plus (ii) fifty
               percent (50%) of Consolidated Net Income on a quarterly basis (commencing with
               the quarter ending May 31, 2003); provided, that if Consolidated Net Income
               shall be negative for any fiscal quarter, the amount added for such fiscal
               quarter shall be zero and such negative Consolidated Net Income shall not
               operate to reduce the cumulative Consolidated Net Income calculated prior to the
               quarter in which such negative result was incurred.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Capital Expenditures. Commencing after the Closing Date,
               the Consolidated Parties shall not make Capital Expenditures in any single
               fiscal year exceeding $6,000,000.00 in the aggregate.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



7.11      
Deposit Accounts.

To
the extent permitted by law, Borrower shall at all times maintain its primary depository
accounts with Lender.

7.12
Future Subsidiaries. Borrower shall cause (a) all Domestic
Subsidiaries, now or hereafter formed or acquired, to execute a Negative Pledge in the
form executed by Borrower on the Closing Date and any related documents as may be required
by Lender and (b) with respect to all Material Foreign Subsidiaries, 66% (or such greater
percentage that, due to a change in an applicable Requirement of Law after the date
hereof, (1) could not reasonably be expected to cause the undistributed earnings of such
Material Foreign Subsidiary as determined for United States federal tax purposes to be
treated as a deemed dividend to such Material Foreign Subsidiarys United States
parent and (2) could not reasonably be expected to cause any material adverse tax
consequences) of the issued and outstanding Capital Stock entitled to vote (within the
meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding
Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section
1.956-2(c)(2)) in each Material Foreign Subsidiary directly owned by Borrower or by any
Domestic Subsidiary of Borrower to be subject at all times to a first priority, perfected
Lien (under U.S. law) in favor of Lender pursuant to the terms and conditions of the
Collateral Documents or such other (U.S. law) security documents as Lender reasonably
shall request. Without limiting the generality of the foregoing, Borrower shall deliver
all share certificates representing such Capital Stock of Material Foreign Subsidiaries
owned by Borrower or by a Domestic Subsidiary of Borrower to be delivered to Lender
together with undated stock powers, duly executed in blank.

# SECTION 8

# NEGATIVE COVENANTS

Borrower
hereby covenants and agrees that until such time as this Credit Agreement has been
terminated in accordance with the terms of Section 11.13:

8.1      
Indebtedness.

The
Consolidated Parties shall not without written consent of Lender contract, create, incur,
assume or permit to exist any Indebtedness, except:

| | (a)       
               Indebtedness arising under this Credit Agreement and the other Credit Documents;
| | ----------------------------------------------------------------------------------------------------------

| | (b)       
               Indebtedness of the Consolidated Parties set forth in Schedule 8.1
               (and renewals, refinancings and extensions thereof on terms and conditions no
               less favorable to such Person than such existing Indebtedness);
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Purchase money Indebtedness (including Capital Leases) from time-to-time
               incurred by the Consolidated Parties to finance (or refinance) the purchase of
               fixed assets provided that (i) the total of all such Indebtedness
               shall not exceed an aggregate principal amount of $2,500,000.00 at any one time
               outstanding; (ii) such Indebtedness when incurred shall not exceed the
               purchase price of the asset(s) financed; and (iii) no such Indebtedness
               shall be refinanced for a principal amount in excess of the principal balance
               outstanding thereon at the time of such refinancing;
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (d)       
               Obligations of the Consolidated Parties in respect of Financial Contracts
               entered into in order to manage existing or anticipated interest rate or
               exchange rate risks and not for speculative purposes;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               The Foreign Credit Facilities and increases thereof or additions thereto in an
               amount not to exceed $750,000 in the aggregate during the term of this
               Agreement.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               Other unsecured Indebtedness not to exceed $5,000,000.00 in the aggregate at any
               time outstanding.
| | -------------------------------------------------------------------------------------------------------------------------------------------

8.2      
Liens.

The
Consolidated Parties will not, and Borrower will not permit any Consolidated Party to,
contract, create, incur, assume or permit to exist any Lien with respect to any of its
Property, whether now owned or hereafter acquired, except for:

| | (a)       
               Liens in favor of Lender;
| | ---------------------------------------------------

| | (b)       
               Liens (other than Liens created or imposed under ERISA) for taxes, assessments
               or governmental charges or levies not yet due or Liens for taxes being contested
               in good faith by appropriate proceedings for which adequate reserves determined
               in accordance with GAAP have been established;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
               materialmen and suppliers and other Liens imposed by law or pursuant to
               customary reservations or retentions of title arising in the ordinary course of
               business, provided that such Liens secure only amounts not yet due and
               payable or, if due and payable, are unfiled and no other action has been taken
               to enforce the same or are being contested in good faith by appropriate
               proceedings for which adequate reserves determined in accordance with GAAP have
               been established;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Liens (other than Liens created or imposed under ERISA) incurred or deposits
               made by any Consolidated Party in the ordinary course of business in connection
               with workers compensation, unemployment insurance and other types of
               social security;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Easements, rights-of-way, restrictions (including zoning restrictions), minor
               defects or irregularities in title and other similar charges or encumbrances
               not, in any material respect, impairing the use or marketability of the
               encumbered Property for its intended purposes;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)       
               Liens on Property of any Person securing purchase money Indebtedness (including
               Capital Leases) of such Person permitted under Section 8.1(c),
               provided that any such Lien attaches to such Property concurrently with
               or within ninety (90) days after the acquisition thereof;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (g)       
               Normal and customary rights of setoff upon deposits of cash in favor of banks or
               other depository institutions;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)       
               Liens of a collection bank arising under Section 4-210 of the Uniform
               Commercial Code on items in the course of collection;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Liens of sellers of goods to any Consolidated Party arising under Article 2 of
               the Uniform Commercial Code or similar provisions of applicable law in the
               ordinary course of business, covering only the goods sold and securing only the
               unpaid purchase price for such goods and related expenses;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)       
               Leases or subleases granted to others not interfering in any material respect
               with the business of any Consolidated Party;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (k)       
               Liens existing as of the Closing Date and set forth on Schedule 8.2,
               provided that no such Lien shall at any time be extended to or cover any
               Property other than the Property subject thereto (or Property replacing such
               Property) on the Closing Date; and
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (l)       
               Any interest of title of a Lessor under any liens arising from UCC financing
               statements (or equivalent filings, registrations or agreements in foreign
               jurisdictions) relating to leases permitted by this Credit Agreement.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (m)       
               Liens arising with respect to the assets (but not any Capital Stock) of any
               Foreign Subsidiary that are (i) analogous or equivalent to any of the foregoing
               under the laws of such Foreign Subsidiary, or (ii) customarily permitted to
               exist by unsecured commercial lenders similar to Lender doing business in the
               jurisdiction of organization of such Foreign Subsidiary and extending credit to
               borrowers similar to such Foreign Subsidiary; and
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (n)       
               Foreign Credit Facilities Liens.
| | ----------------------------------------------------------

8.3      
Nature of Business.

Except
for ancillary or complementary lines of business, or other lines of business added through
growth or development of Borrowers current line of business, Borrower will not and
will not permit any Consolidated Party to substantively alter the character or conduct of
the Business conducted by such Person as of the Closing Date.

8.4      
Consolidation, Merger, Dissolution, Etc.

Without
Lenders prior written consent, Borrower will not enter into any transaction of
merger or consolidation or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution) or redeem any of its Capital Stock, except that
(a) Borrower may merge or consolidate with any of its Subsidiaries, provided that
Borrower shall be the continuing or surviving corporation; and (b) any Consolidated
Party (other than Borrower) may merge with any other Consolidated Party (other than
Borrower).

---



8.5      
Acquisition; Asset Dispositions.

Without
Lenders prior written consent, Borrower will not make any Acquisition other than as
permitted by Section 8.6 hereof, nor any Asset Disposition other than an Excluded Asset
Disposition.

8.6      
Investments.

Borrower
will not permit any Consolidated Party to make any Investments, except for:

| | (a)       
               Investments consisting of cash and Cash Equivalents;
| | ------------------------------------------------------------------------------

| | (b)       
               Investments consisting of accounts receivable created, acquired or made by any
               Consolidated Party in the ordinary course of business and payable or
               dischargeable in accordance with customary trade terms;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Investments consisting of Capital Stock, obligations, securities or other
               property received by any Consolidated Party in settlement of accounts receivable
               (created in the ordinary course of business) from bankrupt obligors;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Investments in any Person who is a Consolidated Party either on the Closing Date
               or prior to giving effect to such Investment;
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)       
               Investments existing as of the Closing Date and set forth in
               Schedule 8.6; and
| | -----------------------------------------------------------------------------------------------------------------------

| | (f)       
               Permitted Acquisitions.
| | -------------------------------------------------

8.7      
Restricted Payments.

Borrower
will not:

| | (a)       
               directly or indirectly, declare, order, make or set apart any sum for or pay any
               Restricted Payment in excess of fifty percent (50%) of Consolidated Net Income
               in any fiscal year; or
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               permit any Consolidated Party to, directly or indirectly, declare, order, make
               or set apart any sum for or pay any Restricted Payment, except to make dividends
               or other distributions payable to Borrower (directly or indirectly through
               Subsidiaries).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

8.8      
Prepayment of Other Indebtedness, Etc.

[Intentionally
Omitted].

---



8.9      
Transactions with Insiders.

Borrower
will not permit any Consolidated Party to enter into or permit to exist any transaction or
series of transactions with any officer, director or Affiliate of such Person other than
(a) intercompany transactions expressly permitted by Section 8.1,
Section 8.4, Section 8.5, or Section 8.6, (b) normal compensation and
reimbursement of expenses of officers and directors, and (c) except as otherwise
specifically limited in this Credit Agreement, other transactions which are entered into
in the ordinary course of such Persons business on terms and conditions
substantially as favorable to such Person as would be obtainable by it in a comparable
arms length transaction with a Person other than an officer, director or Affiliate.

8.10      
Fiscal Year; Organizational Documents.

Borrower
will not permit any Consolidated Party to (a) amend, modify or change its articles of
incorporation (or corporate charter or other similar organizational document) or bylaws
(or other similar document) in a manner adverse to the rights of Lender under the Credit
Documents or (b) change its fiscal year.

8.11      
Limitation on Restricted Actions.

Except
as is otherwise expressly provided for in this Credit Agreement, Borrower will not permit
any Consolidated Party to directly or indirectly, create or otherwise cause or suffer to
exist or become effective any encumbrance or restriction on the ability of any of its
Domestic Subsidiaries to (A)  pay dividends or make any other distributions to
Borrower on its Capital Stock or with respect to any other interest or participation in,
or measured by, its profits, (B) pay any Indebtedness or other obligation owed to
Borrower, (C) make loans or advances to Borrower, (D) sell, lease or transfer
any of its Property to Borrower or (E)  pledge its Property except pursuant to the
Credit Documents or any renewals, refinancings, exchanges, refundings or extension thereof
except (in respect of any of the matters referred to in clauses (a)-(e)(i) above) for
such encumbrances or restrictions existing under or by reason of (i) this Credit
Agreement and the other Credit Documents, (iii) applicable law, (iv) any
document or instrument governing Indebtedness incurred pursuant to Section 8.1(c),
provided that any such restriction contained therein relates only to the asset or
assets constructed or acquired in connection therewith, (v) any Permitted Lien or any
document or instrument governing any Permitted Lien, provided that any such
restriction contained therein relates only to the asset or assets subject to such
Permitted Lien or (vi) customary restrictions and conditions contained in any
agreement relating to the sale of any Property permitted under Section 8.5 pending the
consummation of such sale, or issue any securities of any nature to any Person.

8.12      
Ownership of Subsidiaries.

Notwithstanding
any other provisions of this Credit Agreement to the contrary, Borrower will not permit
any Consolidated Party (i) to permit any Person (other than Borrower, any Subsidiary of
Borrower, or any other holder of Capital Stock of any such Subsidiary on the Closing Date)
to own any Capital Stock of any Subsidiary of Borrower, or (ii) permit, create,
incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary of
Borrower.

---



8.13      
Sale Leasebacks.

Borrower
will not permit any Consolidated Party to enter into any Sale and Leaseback Transaction
without the prior written consent of Lender.

8.14      
No Further Negative Pledges.

Except
pursuant to Capital Leases, Borrower will not permit any Domestic Subsidiary to, enter
into, assume or become subject to any agreement prohibiting or otherwise restricting the
existence of any Lien upon any of its Property in favor of Lender (for the benefit of
Lender) for the purpose of securing Obligations, whether now owned or hereafter acquired,
or requiring the grant of any security for any obligation.

# SECTION 9

# EVENTS OF DEFAULT

9.1      
Events of Default.

An
Event of Default shall exist upon the occurrence and during the continuance of any of the
following specified events (each an Event of Default):

(a)       
Payment. Borrower shall

|(i) | default in the payment when due of any principal of any of the Loans
|--- | --------------------------------------------------------------------

or

|(ii) | default, and such default shall continue for three (3) or more Business Days
           in (A) the payment when due of any interest on the Loans, or (B) of any Fees or other amounts
owing hereunder, or (C) in the payment of amounts owing under Financial Contracts with
Lender or its Affiliates, or (D) in the payment of other amounts owing under any of the
other Credit Documents or in connection herewith or therewith.
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(b)       
               Representations. Any representation, warranty or statement made or deemed
               to be made by Borrower herein, in any of the other Credit Documents, or in any
               statement or certificate delivered or required to be delivered pursuant hereto
               or thereto shall prove untrue in any material respect on the date as of which it
               was deemed to have been made; or

(c)       
Covenants. Borrower shall

| | (i)       
               default in the due performance or observance of any term, covenant or agreement
               contained in Sections 5.3, 7.2, 7.8, 7.9, 7.10, 7.11 or Section 8
               (other than Sections 8.11 or 8.14);
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               default in the due performance or observance of any term, covenant or agreement
               contained in Section 7.1 and such default shall continue unremedied for a
               period of at least five (5) Business Days after the earlier of an Executive
               Officer of a Borrower becoming aware of such default or notice thereof by
               Lender; or
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (iii)       
               default in the due performance or observance by it of any term, covenant or
               agreement (other than those referred to in subsections (a), (b), (c)(i) or
               (c)(ii) of this Section 9.1) contained in this Credit Agreement or any
               other Credit Document and such default shall continue unremedied for a period of
               at least thirty (30) days after the earlier of an Executive Officer of Borrower
               becoming aware of such default or notice thereof by Lender; or
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)       
               Other Credit Documents. Any Credit Document shall fail to be in full
               force and effect or to give Lender and/or Lender the rights, powers and
               privileges, or, if applicable, the liens, purported to be created thereby, or
               Borrower shall so state in writing; or
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(e)       
          Bankruptcy, etc. Any Bankruptcy Event shall occur with respect to
          Borrower; or

(f)       
          Defaults under Other Agreements.

| | (i)       
               Any Consolidated Party shall default in the performance or observance (beyond
               the applicable grace period with respect thereto, if any) or any material
               obligation or condition of any contract or lease material to Consolidated
               Parties taken as a whole if such default would reasonably be expected to have a
               Material Adverse Effect; or
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)       
               With respect to any Indebtedness (other than Indebtedness outstanding under this
               Credit Agreement) in excess of $500,000.00 in the aggregate for Consolidated
               Parties taken as a whole, (A) either (1) default in any payment shall
               occur and continue (beyond the applicable grace period with respect thereto, if
               any) with respect to any such Indebtedness, or (2) a default in the
               observance or performance relating to such Indebtedness or contained in any
               instrument or agreement evidencing, securing or relating thereto, or any other
               event or condition shall occur or exist, the effect of which default or other
               event or condition is to cause, or permit, the holder or holders of such
               Indebtedness (or trustee or agent on behalf of such holders) to cause
               (determined without regard to whether any notice or lapse of time is required),
               any such Indebtedness to become due prior to its stated maturity and such holder
               or holders (or trustee) do so accelerate the maturity of each Indebtedness; or
               (B) any such Indebtedness shall be declared due and payable, or required to
               be prepaid other than by a regularly scheduled required prepayment, prior to the
               stated maturity thereof; or
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)       
               Judgments. A judgment or order by any court for the payment of money
               which causes the aggregate amount of all judgments and orders by any court in
               any fiscal year (to the extent not paid or fully covered by insurance provided
               by a carrier who has acknowledged coverage and has the ability to perform)
               against the Consolidated Parties, taken as a whole, to exceed (i) $250,000.00 or
               (ii) $1,000,000.00 in the aggregate throughout the term of this Agreement, and
               any such judgments or decrees shall not have been vacated, discharged or stayed
               or bonded pending appeal within 30 days from the entry thereof; or
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (h)       
               ERISA. Any of the following events or conditions, if such event or
               condition could involve possible taxes, penalties, and other liabilities in an
               aggregate amount in excess of $1,000,000.00: (i) any accumulated
               funding deficiency, as such term is defined in Section 302 of ERISA
               and Section 412 of the Code, whether or not waived, shall exist with
               respect to any Plan, or any lien shall arise on the assets of any Consolidated
               Party or any ERISA Affiliate in favor of the PBGC or a Plan; (ii) an ERISA
               Event shall occur with respect to a Single Employer Plan, which is, in the
               reasonable opinion of Lender, likely to result in the termination of such Plan
               for purposes of Title IV of ERISA; (iii) an ERISA Event shall occur with
               respect to a Multiemployer Plan or Multiple Employer Plan, which is, in the
               reasonable opinion of Lender, likely to result in (A) the termination of
               such Plan for purposes of Title IV of ERISA, or (B) any Consolidated Party
               or any ERISA Affiliate incurring any liability in connection with a withdrawal
               from, reorganization of (within the meaning of Section 4241 of ERISA), or
               insolvency (within the meaning of Section 4245 of ERISA) of such Plan; or
               (iv) any prohibited transaction (within the meaning of Section 406 of
               ERISA or Section 4975 of the Code) or breach of fiduciary responsibility
               shall occur which may subject any Consolidated Party or any ERISA Affiliate to
               any liability under Sections 406, 409, 502(i), or 502(l) of ERISA or
               Section 4975 of the Code, or under any agreement or other instrument
               pursuant to which any Consolidated Party or any ERISA Affiliate has agreed or is
               required to indemnify any person against any such liability; or
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)       
               Ownership. There shall occur a Change of Control.
| | ---------------------------------------------------------------------------

9.2      
Acceleration; Remedies.

Upon
the occurrence and during the continuance of any Event of Default, Lender may, by written
notice to Borrower, take any of the following actions:

| | (a)       
               Termination of Commitments. Declare the Revolving Commitment terminated
               whereupon the Revolving Commitment shall be immediately terminated.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Acceleration. Declare the unpaid Obligations to be due, whereupon the
               same shall be immediately due and payable without presentment, demand, protest
               or other notice of any kind, all of which are hereby waived by Borrower.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Enforcement of Rights. Enforce any and all rights and interests created
               and existing under the Credit Documents including, without limitation, all
               rights and remedies existing under the Collateral Documents, all rights and
               remedies against any guarantors and all rights of set-off.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Notwithstanding
the foregoing, if an Event of Default specified in Section 9.1(c)shall occur
with respect to Borrower, then, without the giving of any notice or other action by
Lender, (i) the Revolving Commitment automatically shall terminate, and (ii) all
of the outstanding Obligations automatically shall immediately become due and payable.

---



# SECTION 10

# MISCELLANEOUS

10.1      
Notices.

Except
as otherwise expressly provided herein, all notices and other communications shall have
been duly given and shall be effective (a) when delivered, (b) when transmitted
via telecopy (or other facsimile device) to the number set out below, (c) the first
Business Day on or following the day on which the same has been delivered prepaid (or
pursuant to an invoice arrangement) by a reputable national overnight air courier service,
or (d) the first Business Day on or following the day on which the same is delivered
by certified or registered mail, postage prepaid, in each case to the respective parties
at the address, in the case of Borrower and Lender, set forth below, or at such other
address as such party may specify by written notice to the other parties hereto:

|                | 
|--------------- | 
|if to Borrower: | 

|                                     
|-------------------------------------
|IMMUCOR, INC                         
|3130 Gateway Drive                   
|Norcross, Georgia 30091              
|Attn: Mr. Ed Gallup, Chairman and CEO
|Mr. Steve Ramsey, CFO                
|Tel:  (770) 441-2051                 
|Fax:  (770) 242-8930                 
|E-mail: egallup@immucor.com          

|                | 
|--------------- | 
|with a copy to: | 

|                                 | 
|-------------------------------- | 
|SUTHERLAND, ASBILL& BRENNAN, LLP | 
|Attn:  Philip H. Moise, Esq      | 
|999 Peachtree Street, N.E        | 
|Atlanta, Georgia 30309           | 
|Tel:  (404) 853-8173             | 
|Fax:  (404) 853-8806             | 
|Email:  phil.moise@sablaw.com    | 

|              | 
|------------- | 
|if to Lender: | 

|                                 | 
|-------------------------------- | 
|SUNTRUST BANK                    | 
|Middle Market Banking            | 
|25 Park Place, 23rd Floor        | 
|Atlanta, Georgia  30303          | 
|Attn: Mr. Gregory S. Nail        | 
|Tel: (404) 532-0913              | 
|Fax: (404) 532-0417              | 
|E-mail: greg.s.nail@suntrust.com | 

---



|                | 
|--------------- | 
|with a copy to: | 

|                               | 
|------------------------------ | 
|Ronald A. Weiner, Esq          | 
|Arnall Golden Gregory LLP      | 
|2800 One Atlantic Center       | 
|1201 W. Peachtree Street, NW   | 
|Atlanta, Georgia  30309        | 
|Telephone: (404) 873-8192      | 
|Fax:  (404) 873-8193           | 
|E-mail:  ronald.weiner@agg.com | 

10.2      
Right of Set-Off; Adjustments.

Upon
the occurrence and during the continuance of any Event of Default, Lender (and each of its
Affiliates) is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other indebtedness at any time owing by
Lender (or any of its Affiliates) to or for the credit or the account of Borrower against
any and all of the obligations of such Person now or hereafter existing under this Credit
Agreement, under the Note, under any other Credit Document or otherwise, irrespective of
whether Lender shall have made any demand hereunder or thereunder and although such
obligations may be unmatured. Lender agrees promptly to notify any affected Credit Party
after any such set-off and application made by Lender; provided, however,
that the failure to give such notice shall not affect the validity of such set-off and
application. The rights of Lender under this Section 10.2 are in addition to other
rights and remedies (including, without limitation, other rights of set-off) that Lender
may have.

10.3      
Successors and Assigns.

| | (a)       
               The provisions of this Credit Agreement shall be binding upon and inure to the
               benefit of the parties hereto and their respective successors and assigns
               permitted hereby, except that Borrower may not assign or otherwise transfer any
               of its rights or obligations hereunder without the prior written consent of
               Lender (and any attempted assignment or transfer by Borrower without such
               consent shall be null and void). Nothing in this Credit Agreement, expressed or
               implied, shall be construed to confer upon any Person (other than the parties
               hereto, their respective successors and assigns permitted hereby and, to the
               extent expressly contemplated hereby, the Indemnified Parties) any legal or
               equitable right, remedy or claim under or by reason of this Credit Agreement.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Lender may transfer (including guaranty rights of participation herein),
               syndicate or otherwise assign to one or more Persons all or any portion of its
               rights and obligations under this Credit Agreement (including all or any portion
               of its Commitments and the Loans) except (i) upon the occurrence and during the
               continuance of an Event of Default, or (ii) with the prior written consent of
               Borrower.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               Lender may at any time pledge or assign a security interest in all or any
               portion of its rights under this Credit Agreement (including under its Note) to
               secure obligations of Lender, including any pledge or assignment to secure
               obligations to a Federal Reserve Bank.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



10.4      
No Waiver; Remedies Cumulative.

No
failure or delay on the part of Lender in exercising any right, power or privilege
hereunder or under any other Credit Document and no course of dealing between Lender and
Borrower shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, power or privilege hereunder or under any other Credit Document preclude any
other or further exercise thereof or the exercise of any other right, power or privilege
hereunder or thereunder. The rights and remedies provided herein are cumulative and not
exclusive of any rights or remedies which Lender would otherwise have. No notice to or
demand on Borrower in any case shall entitle Borrower to any other or further notice or
demand in similar or other circumstances or constitute a waiver of the rights of Lender to
any other or further action in any circumstances without notice or demand.

10.5      
Expenses; Indemnification.

| | (a)       
               Borrower agrees to pay on demand all reasonable costs and expenses of Lender in
               connection with the syndication, preparation, execution, delivery,
               administration, modification, and amendment of this Credit Agreement, the other
               Credit Documents, and the other documents to be delivered hereunder, including,
               without limitation, the reasonable and actual fees and expenses of counsel for
               Lender (including the cost of internal counsel) with respect thereto and with
               respect to advising Lender as to its rights and responsibilities under the
               Credit Documents. Borrower further agrees to pay on demand all reasonable costs
               and expenses of Lender, if any (including, without limitation, reasonable and
               actual attorneys fees and expenses and the cost of internal counsel), in
               connection with any work-out or restructuring relating to the Loans or any
               enforcement (whether through negotiations, legal proceedings, or otherwise) of
               any of the Credit Documents.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Borrower agrees to indemnify and hold harmless Lender and each of its Affiliates
               and their respective officers, directors, employees, agents, and advisors (each,
               an Indemnified Party) from and against any and all claims,
               damages, losses, liabilities, costs, and expenses (including, without
               limitation, reasonable attorneys fees) that may be incurred by or awarded
               against any Indemnified Party (excluding lost profits), in each case arising out
               of or in connection with or by reason of (including, without limitation, in
               connection with any investigation, litigation, or proceeding or preparation of
               defense in connection therewith) the Credit Documents, any of the transactions
               contemplated herein or the actual or proposed use of the proceeds of the Loans,
               except to the extent such claim, damage, loss, liability, cost, or expense
               results from an Indemnified Partys gross negligence or willful misconduct.
               In the case of an investigation, litigation or other proceeding to which the
               indemnity in this Section 10.5 applies, such indemnity shall be effective
               whether or not such investigation, litigation or proceeding is brought by any of
               Borrower, their respective directors, shareholders or creditors or an
               Indemnified Parties or any other Person or any Indemnified Party is otherwise a
               party thereto and whether or not the transactions contemplated hereby are
               consummated. Borrower agrees not to assert any claim against Lender, any of its
               Affiliates, or any of their respective directors, officers, employees,
               attorneys, agents, and advisers, on any theory of liability, for special,
               indirect, consequential, or punitive damages arising out of or otherwise
               relating to the Credit Documents, any of the transactions contemplated herein or
               the actual or proposed use of the proceeds of the Loans.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

---



| | (c)       
               Without prejudice to the survival of any other agreement of Borrower hereunder,
               the agreements and obligations of Borrower contained in this Section 10.5
               shall survive the repayment of the Obligations and the termination of the
               Commitment hereunder.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10.6      
Amendments, Waivers and Consents.

Neither
this Credit Agreement nor any other Credit Document nor any of the terms hereof or thereof
may be amended, changed, waived, discharged or terminated unless such amendment, change,
waiver, discharge or termination is in writing entered into by, or approved in writing by
Borrower and Lender.

10.7      
Counterparts.

This
Credit Agreement may be executed in any number of counterparts, each of which when so
executed shall be an original, but all of which shall constitute one and the same
instrument. It shall not be necessary in making proof of this Credit Agreement to produce
or account for more than one such counterpart for each of the parties hereto. Delivery by
facsimile by any of the parties hereto of an executed counterpart of this Credit Agreement
shall be as effective as an original executed counterpart hereof and shall be deemed a
representation that an original executed counterpart hereof will be delivered.

10.8      
Headings.

The
headings of the sections hereof are provided for convenience only and shall not in any way
affect the meaning or construction of any provision of this Credit Agreement.

10.9      
Survival.

All
indemnities set forth herein shall survive the execution and delivery of this Credit
Agreement, the making of the Loans, the repayment of the Loans and other obligations under
the Credit Documents and the termination of the Commitments hereunder, and all
representations and warranties made by Borrower herein shall survive until this Credit
Agreement shall be terminated in accordance with the terms of Section 10.13(b).

---



10.10      
Governing Law; Submission to Jurisdiction; Venue; Waiver of Jury Trial.

| | (a)       
               THIS CREDIT AGREEMENT AND, UNLESS OTHERWISE EXPRESSLY PROVIDED THEREIN, THE
               OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
               AND THEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE
               WITH THE LAWS OF THE STATE OF GEORGIA. Any legal action or proceeding with
               respect to this Credit Agreement or any other Credit Document may be brought in
               the courts of the State of Georgia (including Fulton County, Georgia) or of the
               United States for the Northern District of Georgia and, by execution and
               delivery of this Credit Agreement, each of Borrower and Lender hereby
               irrevocably accepts for itself and in respect of its property, generally and
               unconditionally, the nonexclusive jurisdiction of such courts. Each of Borrower
               and Lender further irrevocably consents to the service of process out of any of
               the aforementioned courts in any such action or proceeding by the mailing of
               copies thereof by registered or certified mail, postage prepaid, to it at the
               address set out for notices pursuant to Section 10.1, such service to
               become effective three (3) days after such mailing. Nothing herein shall affect
               the right of Lender to serve process in any other manner permitted by law or to
               commence legal proceedings or to otherwise proceed against Borrower in any other
               jurisdiction.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               Borrower hereby irrevocably waives any objection which it may now or hereafter
               have to the laying of venue of any of the aforesaid actions or proceedings
               arising out of or in connection with this Credit Agreement or any other Credit
               Document brought in the courts referred to in the second sentence of
               subsection (a) above and hereby further irrevocably waives and agrees not
               to plead or claim in any such court that any such action or proceeding brought
               in any such court has been brought in an inconvenient forum.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)       
               EACH PARTY TO THIS CREDIT AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL
               BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY CREDIT
               DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS
               OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY CREDIT DOCUMENT, OR THE
               TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
               ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
               HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
               ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
               THIS CREDIT AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION
               WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO
               THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10.11      
Severability.

If
any provision of any of the Credit Documents is determined to be illegal, invalid or
unenforceable, such provision shall be fully severable and the remaining provisions shall
remain in full force and effect and shall be construed without giving effect to the
illegal, invalid or unenforceable provisions.

10.12      
Entirety.

This
Credit Agreement together with the other Credit Documents represent the entire agreement
of the parties hereto and thereto, and supersede all prior agreements and understandings,
oral or written, if any, including any commitment letters or correspondence relating to
the Credit Documents or the transactions contemplated herein and therein.

---



10.13      
Binding Effect; Termination.

| | (a)       
               This Credit Agreement shall become effective at such time on or after the
               Closing Date when it shall have been executed by Borrower and Lender, and Lender
               shall have received a copy hereof (telefaxed or otherwise) which bears the
               signature of Borrower, and thereafter this Credit Agreement shall be binding
               upon and inure to the benefit of Borrower, Lender and their respective
               successors and assigns.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)       
               The term of this Credit Agreement shall be until the Obligations are Fully
               Satisfied. This Credit Agreement shall terminate immediately when the
               Obligations are Fully Satisfied.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10.14      
Confidentiality.

Lender
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its (and its
Affiliates) directors, officers, employees and agents, including accountants, legal
counsel and other advisors (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and shall agree to
keep such Information confidential); (b) to the extent requested by any regulatory
authority; (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process; (d) to any other party to this Credit Agreement;
(e) in connection with the exercise of any remedies hereunder or any suit, action or
proceeding relating to this Credit Agreement or the enforcement of rights hereunder;
(f) subject to an agreement containing provisions substantially the same as those of
this Section 10.14, to (i) any assignee of or participant in, or any prospective
assignee of or participant in, any of Lenders rights or obligations under this
Credit Agreement or (ii) any direct or indirect contractual counterparty or
prospective counterparty (or such contractual counterpartys or prospective
counterpartys professional advisor) to any credit derivative transaction relating to
Obligations; (g) with the consent of Borrower; (h) to the extent such
Information (i) becomes publicly available other than as a result of a breach of this
Section 10.14 or (ii) becomes available to Lender on a nonconfidential basis
from a source other than Borrower; or (i) to any nationally recognized rating agency
that requires access to information about a Lenders or its Affiliates
investment portfolio in connection with ratings issued with respect to such Lender or its
Affiliates. For the purposes of this Section, Information means all
information received from Borrower relating to the Consolidated Parties or their
Businesses, other than any such information that is available to Lender or any Lender on a
nonconfidential basis prior to disclosure by Borrower; provided that, in the case
of information received from Borrower after the date hereof, such information is clearly
identified in writing at the time of delivery as confidential. Any Person required to
maintain the confidentiality of Information as provided in this Section 10.14 shall
be considered to have complied with its obligation to do so if such Person has exercised
the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. Notwithstanding anything herein to the
contrary, information subject to the foregoing confidentiality restrictions shall not
include, and the Lender may disclose without limitation of any kind, any information with
respect to the tax treatment and Tax Structure (in each case,
within the meaning of Treasury Regulation Section 1.6011-4) of the transactions
contemplated hereby and all materials of any kind (including opinions or other tax
analyses) that are provided to the Lender relating to such tax treatment and tax
structure; provided that with respect to any documents or similar item that in either case
contains information concerning the tax treatment or tax structure of the transaction as
well as other information, this sentence shall only apply to such portions of such
document or item that relate to the tax treatment or tax structure of the Loans and
transactions hereby.

---



10.15      
Conflict.

To
the extent that there is a conflict or inconsistency between any provision hereof, on the
one hand, and any provision of any Credit Document, on the other hand, this Credit
Agreement shall control.

# [SIGNATURE PAGE TO
FOLLOW]

---



IN
WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Credit
Agreement to be duly executed and delivered as of the date first above written.

BORROWER:

                                            IMMUCOR, INC., a Georgia corporation


                                            By: __________________________________
                                            Name: ________________________________
                                            Title:________________________________

                                            Attest:_______________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                         [CORPORATE SEAL]

LENDER:

                                            SUNTRUST BANK

                                            By: __________________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                            [BANK SEAL]

---



# EXHIBIT 2.1(b)(i)

# NOTICE OF BORROWING

Pursuant
to Section 2 of that certain Credit Agreement (Credit Agreement) by and
between IMMUCOR, INC.and SUNTRUST BANK, dated as of December 18, 2003, the
Borrower does as of the date hereof, request the following Revolving Loan under the Credit
Agreement:

LOAN:     REVOLVING LOAN:  ___________________

BORROWING AMOUNT:     _________________________

INTEREST RATE ELECTION:

-LIBOR   _______;  INTEREST PERIOD:     _____  ONE MONTH
                                                                              _____  TWO MONTHS
                                                                              _____  THREE MONTHS
                                                                              _____  SIX MONTHS

-BASE RATE: ______;

DATE REQUESTED:  __________________;

EFFECTIVE DATE OF BORROWING: __________________;

The  undersigned,  on behalf of  Borrower,  does hereby  execute  this Notice of  Borrowing as of the Date
Requested above written.

BORROWER:

                                            IMMUCOR, INC., a Georgia corporation


                                            By: __________________________________
                                            Name: ________________________________
                                            Title:________________________________

                                            Attest:_______________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                         [CORPORATE SEAL]

---



# EXHIBIT 2.4(e)

# FORM OF REVOLVING NOTE

# REVOLVING NOTE

$15,000,000.00

December 18, 2003Atlanta, Georgia

FOR
VALUE RECEIVED, the undersignedIMMUCOR, INC.,a Georgia corporation (the
Borrower), hereby promises to pay to the order of SUNTRUST BANK, a
Georgia banking corporation (the Bank, and all subsequent holders thereof
hereafter referred to as the Holder), on the Maturity Date or sooner should
this Revolving Note be declared immediately due and payable as hereafter provided, the
principal sum of FIFTEEN MILLION DOLLARS ($15,000,000.00) or so much thereof as shall have
been advanced hereunder and remain outstanding, plus all accrued and unpaid interest
thereon.

The
Borrower agrees to pay interest on the principal amount advanced hereunder from the date
of each Revolving Loan until paid as provided in that certain Credit Agreement dated of
even date hereof by and between the Borrower and the Bank (as amended, modified and
supplemented and in effect from time to time, the Credit Agreement).
Capitalized terms not otherwise defined herein shall have the meanings ascribed to them
therein). Pursuant to the limitations and provisions of the Credit Agreement, the Borrower
may borrow, repay and reborrow principal under this Revolving Note. All payments of
principal and interest hereunder shall be made in United States Dollars and in immediately
available funds.

This
Revolving Note evidences indebtedness incurred under, and is subject to the terms and
provisions of, the Credit Agreement.

Upon
the occurrence of Event of Default as specified in the Credit Agreement, the Holder may
declare the unpaid balance hereof, including principal and accrued and unpaid interest, to
be immediately due and payable as provided for in the Credit Agreement and the interest
rate on the unpaid amount from such date until the date of final payment shall be the
Default Rate.

No
delay or failure on the part of the Bank or other Holder in the exercise of any right,
power or privilege granted under this Revolving Note or the Credit Agreement, or otherwise
available by agreement, at law or in equity, shall impair any such right, power or
privilege or be construed as a waiver of any event of default or any acquiescence therein.
No single or partial exercise of any such right, power or privilege shall preclude the
further exercise of such right, power or privilege. No waiver shall be valid against the
Holder unless made in writing and signed by the Holder, and then only to the extent
expressly specified therein.

---



IT
IS HEREBY EXPRESSLY AGREED that if from any circumstances whatsoever fulfillment of
any provision of this Revolving Note at the time performance of such provision shall be
due shall involve transcending the limit of validity presently prescribed by any
applicable usury statute or any other law, then ipso facto the obligation to
be fulfilled shall be reduced to the limit of such validity, so that in no event shall any
exaction be possible under this Revolving Note that is in excess of the limit of such
validity, but such obligation shall be fulfilled to the limit of such validity.

TIME
IS OF THE ESSENCE UNDER THIS REVOLVING NOTE.

This
Revolving Note may be prepaid in accordance with the terms and provisions of Article II of
the Credit Agreement.

This
Revolving Note has been delivered in Atlanta, Georgia, and shall be governed by and
construed under the laws of the State of Georgia.

PRESENTMENT,
PROTEST AND NOTICE OF DISHONOR ARE HEREBY WAIVED BY THE BORROWER.

# [SIGNATURES ON
FOLLOWING PAGE]

---



IN
WITNESS WHEREOF, the Borrower has caused this Revolving Note to be executed and
delivered under seal by its duly authorized officer as of the date first above written.

BORROWER:

                                            IMMUCOR, INC., a Georgia corporation


                                            By: __________________________________
                                            Name: ________________________________
                                            Title:________________________________

                                            Attest:_______________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                         [CORPORATE SEAL]

---



# EXHIBIT 2.4(f)

# FORM OF TERM NOTE

# TERM NOTE

$12,000,000.00

December 18, 2003Atlanta, Georgia

FOR
VALUE RECEIVED, the undersigned IMMUCOR, INC., a Georgia corporation (the
Borrower), hereby promises to pay to the order of SUNTRUST BANK, a Georgia
banking corporation (the Bank, and all subsequent holders thereof hereafter
referred to as the Holder), on the Maturity Date, or sooner should this Term
Note be declared or be immediately due and payable as hereafter provided, the principal
sum of TWELVE MILLION DOLLARS ($12,000,000.00), or so much thereof as shall have been
advanced hereunder and remain outstanding, plus all accrued and unpaid interest thereon.

The
Borrower agrees to pay interest (including, as and when applicable, the Default Rate
pursuant to the terms of the Credit Agreement) on the principal amount advanced hereunder
from the date of this Term Note until paid as provided in that certain Credit Agreement
dated as of even date hereof by and between the Borrower and the Bank (as amended,
modified and supplemented and in effect from time to time, the Credit
Agreement. Capitalized terms not otherwise defined herein shall have the meanings
ascribed to them therein). All payments of principal and interest hereunder shall be made
in United States Dollars and in immediately available funds.

This
Term Note evidences indebtedness incurred under, and is subject to the terms and
provisions of, the Credit Agreement.

Upon
the occurrence of an Event of Default as specified in the Credit Agreement, the Holder may
declare the unpaid balance hereof, including principal and accrued and unpaid interest, to
be immediately due and payable as provided for in the Credit Agreement.

No
delay or failure on the part of the Bank or other Holder in the exercise of any right,
power or privilege granted under this Term Note or the Credit Agreement, or otherwise
available by agreement, at law or in equity, shall impair any such right, power or
privilege or be construed as a waiver of any event of default or any acquiescence therein.
No single or partial exercise of any such right, power or privilege shall preclude the
further exercise of such right, power or privilege. No waiver shall be valid against the
Holder unless made in writing and signed by the Holder, and then only to the extent
expressly specified therein.

IT
IS HEREBY EXPRESSLY AGREED that if from any circumstances whatsoever fulfillment of
any provision of this Term Note at the time performance of such provision shall be due
shall involve transcending the limit of validity presently prescribed by any applicable
usury statute or any other law, then ipso facto the obligation to be
fulfilled shall be reduced to the limit of such validity, so that in no event shall any
exaction be possible under this Term Note that is in excess of the limit of such validity,
but such obligation shall be fulfilled to the limit of such validity.

---



TIME
IS OF THE ESSENCE UNDER THIS TERM NOTE.

This
Term Note may be prepaid in accordance with the terms and provisions of Article II of the
Credit Agreement.

This
Term Note has been delivered in Atlanta, Georgia, and shall be governed by and construed
under the laws of the State of Georgia.

PRESENTMENT,
PROTEST AND NOTICE OF DISHONOR ARE HEREBY WAIVED BY THE BORROWER.

# [SIGNATURES ON
FOLLOWING PAGE]

---



IN
WITNESS WHEREOF, the Borrower has caused this Note to be executed and delivered under
seal by its duly authorized officer as of the date first above written.

BORROWER:

                                            IMMUCOR, INC., a Georgia corporation


                                            By: __________________________________
                                            Name: ________________________________
                                            Title:________________________________

                                            Attest:_______________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                         [CORPORATE SEAL]

---



# EXHIBIT 3.2

# NOTICE OF
EXTENSION/CONVERSION

Pursuant
to Section 2 of that certain Credit Agreement (Credit Agreement) by and
between IMMUCOR, INC.and SUNTRUST BANK, dated as of December 18, 2003, the
Borrower does as of the date hereof, request the following Loan Extension/Conversion under
the Credit Agreement:

LOAN:           REVOLVING LOAN: ______       TERM LOAN: ______

ORIGINAL BORROWING:  SEE COPY OF ORIGINAL NOTICE OF BORROWING ATTACHED;

LOAN EXTENSION/CONVERSION AMOUNT: ________________

INTEREST RATE ELECTION:

____A.  EXTENSION REQUEST:

-LIBOR   _______;  INTEREST PERIOD:     _____  ONE MONTH
                                                                              _____  TWO MONTHS
                                                                              _____  THREE MONTHS
                                                                              _____  SIX MONTHS

-BASE RATE: ______;

____B.  CONVERSION REQUEST:

-LIBOR   _______;  INTEREST PERIOD:     _____  ONE MONTH
                                                                              _____  TWO MONTHS
                                                                              _____  THREE MONTHS
                                                                              _____  SIX MONTHS

-BASE RATE: ______;

DATE REQUESTED: __________________;

EFFECTIVE DATE OF EXTENSION/CONVERSION: _____________________;

---



The
undersigned, on behalf of Borrower, does hereby execute this Notice of Extension/
Conversion as of the Date Requested above written.

BORROWER:

                                            IMMUCOR, INC., a Georgia corporation


                                            By: __________________________________
                                            Name: ________________________________
                                            Title:________________________________

                                            Attest:_______________________________
                                            Name:_________________________________
                                            Title:________________________________

                                                         [CORPORATE SEAL]

---



# EXHIBIT 7.1(c)

FORM OF COMPLIANCE
CERTIFICATE

SunTrust BankMail Code
244 25 Park Place, 23rd FloorAtlanta,GA 30303

In
accordance with the requirements of that certain Credit Agreement (Credit
Agreement) dated as of December 18, 2003, between Immucor, Inc., a Georgia
corporation (Borrower) and SunTrust Bank (Bank), the undersigned
officer(s) of Borrower, based upon my (our) review of the balance sheets and statements of
income of the Borrower on behalf of the Borrower for the (month, quarter, fiscal year)
ending _____________, ______, DO HEREBY CERTIFY THAT:

(1)       
          We are in compliance with the following financial covenants. (Capitalized terms
          used herein but not otherwise defined herein shall have the meanings set forth
          in the Credit Agreement.)

| | Financial Covenant          | Required | Actual     | Default |           
| | --------------------------- | -------- | ---------- | ------- | ----------
| | Leverage Ratio              |          | __________ |         | __________
| | Fixed Charge Coverage Ratio |          | __________ |         | __________
| | Minimum Net Worth           |          | __________ |         | __________

(2)       
          And, no Default or Event of Default has occurred and is continuing on the date
          hereof, except as follows:_______________________________________ (if none, so
          state).

Executed this ______ day of ______________, 200___.

Signed: _________________________________________

Print Name: _____________________________________

Print Title: ____________________________________

---



# SCHEDULE 1.1(a)

# Foreign Credit
Facilities

# [to come]

---



# SCHEDULE 6.13

# Corporate Structure

|Subsidiary           | Jurisdiction of Incorporation | Number of shares  of capital stock  outstanding by class | Number andpercentage ofoutstandingshares of eachclass of stock owned by  Consolidated Parties | Percentage owned  directly orindirectly by Immucor, Inc. | Number and effect if exercised, of all outstanding options, warrants, rightsof conversion orpurchase (and allsimilar rights)
|-------------------- | ----------------------------- | -------------------------------------------------------- | --------------------------------------------------------------------------------------------- | -------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------
|                    
|Gamma Biologicals,   |                               | Texas                                                    |                                                                                               | 1,000 common                                             |                                                                                                                             
|Inc.                 |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Gamma Operations,    |                               | Texas                                                    |                                                                                               | 1,000 common                                             |                                                                                                                             
|LLC                  |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Immucor/Gamma,       |                               | Georgia                                                  |                                                                                               | N/A                                                      |                                                                                                                             
|L.P.                 |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Immucor Intellectual |                               | Georgia                                                  |                                                                                               | 1,000 common                                             |                                                                                                                             
|Properties, Inc.     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Immucor Investments, |                               | Delaware                                                 |                                                                                               | 1,000 common                                             |                                                                                                                             
|Inc.                 |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Immucor Investments, |                               | Georgia                                                  |                                                                                               | 1,000 common                                             |                                                                                                                             
|LLC                  |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|Immucor Sales, Inc.  |                               | Georgia                                                  |                                                                                               | 1,000 common                                             |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                    
|BCA Acquisition      |                               | Georgia                                                  |                                                                                               | 100 common                                               |                                                                                                                             
|Corporation          |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                     |                               |                                                          |                                                                                               |                                                          |                                                                                                                             

---



|Subsidiary             | Jurisdiction of Incorporation | Number of shares  of capital stock  outstanding by class | Number andpercentage ofoutstandingshares of eachclass of stock owned by  Consolidated Parties | Percentage owned  directly orindirectly by Immucor, Inc. | Number and effect if exercised, of all outstanding options, warrants, rightsof conversion orpurchase (and allsimilar rights)
|---------------------- | ----------------------------- | -------------------------------------------------------- | --------------------------------------------------------------------------------------------- | -------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------
|                      
|Immucor                |                               | Germany                                                  |                                                                                               | 2 shares                                                 |                                                                                                                             
|Medizinische           |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|Diagnostik GmbH        |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor Italia, s.r.l. |                               | Italy                                                    |                                                                                               | 150,000,000                                              |                                                                                                                             
|                       |                               |                                                          |                                                                                               | common                                                   |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor Diagnosticos   |                               | Portugal                                                 |                                                                                               | Shares having                                            |                                                                                                                             
|Medicos Lda            |                               |                                                          |                                                                                               | par value PTE                                            |                                                                                                                             
|                       |                               |                                                          |                                                                                               | of  5.000.000                                            |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Gamma Biologicals      |                               | Netherlands                                              |                                                                                               | 40 common                                                |                                                                                                                             
|B.V.                   |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Dominion Biologicals   |                               | Canada                                                   |                                                                                               | 100 common                                               |                                                                                                                             
|Limited                |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor S.L.           |                               | Spain                                                    |                                                                                               | 1,082 common                                             |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor France Eurl    |                               | France                                                   |                                                                                               | 3.500 common                                             |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor Belgium        |                               | Belgium                                                  |                                                                                               | 2.011 common                                             |                                                                                                                             
|S.A.                   |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      
|Immucor Trading        |                               | Barbados                                                 |                                                                                               | 1,000 common                                             |                                                                                                                             
|Company                |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                       |                               |                                                          |                                                                                               |                                                          |                                                                                                                             
|                      

---



# SCHEDULE 6.17

# Intellectual Property

Agreement
dated April 25, 2003 between Immucor and Wilden AG, pursuant to which Immucor granted
Wilden AG global rights to produce and sell Microstrip plates using Immucors mold.

---



# SCHEDULE 6.20(a)

# Business Locations

| | Subsidiary              | Address
| | ----------------------- | -------
| | Gamma Biologicals, Inc. |        
| |                         |        

| |                       | 
| | --------------------- | 
| | Gamma Operations, LLC | 
| |                       | 

| |                     | 
| | ------------------- | 
| | Immucor/Gamma, L.P. | 
| |                     | 

| |                                       | 
| | ------------------------------------- | 
| | Immucor Intellectual Properties, Inc. | 
| |                                       | 

| |                           | 
| | ------------------------- | 
| | Immucor Investments, Inc. | 
| |                           | 

| |                          | 
| | ------------------------ | 
| | Immucor Investments, LLC | 
| |                          | 

| |                     | 
| | ------------------- | 
| | Immucor Sales, Inc. | 
| |                     | 

| |                             | 
| | --------------------------- | 
| | BCA Acquisition Corporation | 
| |                             | 

---



# SCHEDULE 6.20(b)

# Asset Locations

See Schedule 6.20(a)

---



# SCHEDULE 6.20(c)

# Chief Executive
Officers, Jurisdictions of Organization

# Principal Places of
Business

| | Subsidiary              | Chief ExecutiveOffice and PrincipalPlace of Business | Jurisdiction         
| | ----------------------- | ---------------------------------------------------- | ---------------------
| | Gamma Biologicals, Inc. |                                                      | 3700 Mangum Road     
| |                         |                                                      | Houston, Texas  77092

| |                       | 
| | --------------------- | 
| | Gamma Operations, LLC | 
| |                       | 

| |                     | 
| | ------------------- | 
| | Immucor/Gamma, L.P. | 
| |                     | 

| |                      | 
| | -------------------- | 
| | Immucor Intellectual | 
| | Properties, Inc.     | 

| |                      | 
| | -------------------- | 
| | Immucor Investments, | 
| | Inc.                 | 
| |                      | 

| |                      | 
| | -------------------- | 
| | Immucor Investments, | 
| | LLC                  | 

| |                     | 
| | ------------------- | 
| | Immucor Sales, Inc. | 
| |                     | 

| |                 | 
| | --------------- | 
| | BCA Acquisition | 
| | Corporation     | 

---



# SCHEDULE 6.28

# Employment /
Management Agreements

Employment Agreement dated October
13, 1998, between the Borrower and Edward L. Gallup (incorporated by reference to Exhibit
10.8 to Immucor, Inc.s Annual Report on Form 10-K for the fiscal year ended May 31,
1999).

Employment
Agreement dated October 13, 1998, between the Borrower and Ralph A. Eatz (incorporated by
reference to Exhibit 10.9 to Immucor, Inc.s Annual Report on Form 10-K for the
fiscal year ended May 31, 1999).

Employment Agreement dated October
13, 1998, between the Borrower and Steven C. Ramsey (incorporated by reference to Exhibit
10.20 to Immucor, Inc.s Annual Report on Form 10-K for the fiscal year ended May 31,
1999).

Employment
Agreement dated October 13, 1998, between the Borrower and Patrick Waddy (incorporated by
reference to Exhibit 10.22 to Immucor, Inc.s Annual Report on Form 10-K for the
fiscal year ended May 31, 1999).

Employment agreement dated December
1, 2003, between the Borrower and Dr. Gioacchino De Chirico (not yet filed).

---

# SCHEDULE 6.29

# Business Names

None.

---

# SCHEDULE 8.1

# Existing Indebtedness

|Institution |          | 
|----------- | -------- | 
|            | Banco    | 
|            | Sabadell | 
|            |          | 

| |          | 
| | -------- | 
| | Banco    | 
| | Sabadell | 
| |          | 

| |  | 
| |  | 
| |  | 

Indebtedness amounts listed above are
expressed in U.S. dollar equivalents as of December 17, 2003.

---

# SCHEDULE 8.2

# Existing Liens

|Institution |          | 
|----------- | -------- | 
|            | Banco    | 
|            | Sabadell | 
|            |          | 

| |          | 
| | -------- | 
| | Banco    | 
| | Sabadell | 
| |          | 

| |  | 
| |  | 
| |  | 

Indebtedness amounts listed above are expressed
in U.S. dollar equivalents as of December 17, 2003.

---



# SCHEDULE 8.2

# Existing Investments

|Debtor        | Jurisdiction | Secured Party          | File No. | Dated Filed                | Collateral
|------------- | ------------ | ---------------------- | -------- | -------------------------- | ----------
|             
|Immucor, Inc. |              | Barrow County, Georgia |          | Seimens Credit Corporation |           
|              |              |                        |          |                            |           
|             

|              |  |                        |  |                            | 
|------------- |  | ---------------------- |  | -------------------------- | 
|Immucor, Inc. |  | Barrow County, Georgia |  | Seimens Credit Corporation | 
|              |  |                        |  |                            | 
|             

|              |  |                        |  |                            | 
|------------- |  | ---------------------- |  | -------------------------- | 
|Immucor, Inc. |  | Barrow County, Georgia |  | Seimens Credit Corporation | 
|              |  |                        |  |                            | 

---



|Debtor        | Jurisdiction | Secured Party          | File No. | Dated Filed                | Collateral
|------------- | ------------ | ---------------------- | -------- | -------------------------- | ----------
|             
|Immucor, Inc. |              | Barrow County, Georgia |          | Seimens Credit Corporation |           
|              |              |                        |          |                            |           
|             

|              |  |                        |  |                             | 
|------------- |  | ---------------------- |  | --------------------------- | 
|Immucor, Inc. |  | Fulton County, Georgia |  | Amembal Capital Corporation | 
|              |  |                        |  |                             | 
|             
|              |  |                        |  |                             | 
|             

|                                     |  |                        |  |                                                             | 
|------------------------------------ |  | ---------------------- |  | ----------------------------------------------------------- | 
|Immucor, Inc.Gamma Biologicals, Inc. |  | Barrow County, Georgia |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|                                     |  |                        |  |                                                             | 
|                                    

|              |  |                        |  |                                                             | 
|------------- |  | ---------------------- |  | ----------------------------------------------------------- | 
|Immucor, Inc. |  | Barrow County, Georgia |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|              |  |                        |  |                                                             | 

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|      
|       |              |               |          |             |           
|      
|      
|       |              |               |          |             |           
|      

|                                                    |  |                        |  |                                    | 
|--------------------------------------------------- |  | ---------------------- |  | ---------------------------------- | 
|Immucor, Inc. 3130 Gateway Drive Norcross GA 30091  |  | Barrow County, Georgia |  | Steelcase Financial Services, Inc. | 
|Immucor, Inc. 2975 Gateway Drive Norcross, GA 30091 |  |                        |  |                                    | 

---



|Debtor        | Jurisdiction | Secured Party     | File No. | Dated Filed                                                 | Collateral
|------------- | ------------ | ----------------- | -------- | ----------------------------------------------------------- | ----------
|             
|Immucor, Inc. |              | Barrow County, GA |          | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           
|             
|Immucor, Inc. |              | Barrow County, GA |          | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           
|             
|              |              |                   |          |                                                             |           

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      

|              |  |                   |  |                                                             | 
|------------- |  | ----------------- |  | ----------------------------------------------------------- | 
|Immucor, Inc. |  | Barrow County, GA |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|              |  |                   |  |                                                             | 
|             

|              |  |                     |  |                                               | 
|------------- |  | ------------------- |  | --------------------------------------------- | 
|Immucor, Inc. |  | Gwinnett County, GA |  | Bankers/Softech Division of EAB Leasing Corp. | 
|             
|              |  |                     |  |                                               | 
|             
|              |  |                     |  |                                               | 
|             
|             
|              |  |                     |  |                                               | 
|             
|             
|              |  |                     |  |                                               | 
|             
|             
|              |  |                     |  |                                               | 
|             
|             
|              |  |                     |  |                                               | 

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|      
|       |              |               |          |             |           
|      
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      

|              |  |                     |  |                                               | 
|------------- |  | ------------------- |  | --------------------------------------------- | 
|Immucor, Inc. |  | Gwinnett County, GA |  | Bankers/Softech Division of EAB Leasing Corp. | 
|             
|              |  |                     |  |                                               | 
|             
|              |  |                     |  |                                               | 
|             
|              |  |                     |  |                                               | 
|             
|              |  |                     |  |                                               | 

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      

|              |  |                     |  |                                               | 
|------------- |  | ------------------- |  | --------------------------------------------- | 
|             
|Immucor, Inc. |  | Gwinnett County, GA |  | Bankers/Softech Division of EAB Leasing Corp. | 
|             
|              |  |                     |  |                                               | 
|             

|              |  |                     |  |                                               | 
|------------- |  | ------------------- |  | --------------------------------------------- | 
|             
|Immucor, Inc. |  | Gwinnett County, GA |  | Bankers/Softech Division of EAB Leasing Corp. | 
|             
|              |  |                     |  |                                               | 
|             

|              |  |                     |  |                                               | 
|------------- |  | ------------------- |  | --------------------------------------------- | 
|             
|Immucor, Inc. |  | Gwinnett County, GA |  | Bankers/Softech Division of EAB Leasing Corp. | 
|              |  |                     |  |                                               | 

---



|Debtor        | Jurisdiction | Secured Party       | File No. | Dated Filed                  | Collateral
|------------- | ------------ | ------------------- | -------- | ---------------------------- | ----------
|             
|Immucor, Inc. |              | Gwinnett County, GA |          | Vernon Computer Leasing Inc. |           
|              |              |                     |          |                              |           

---



|Debtor        | Jurisdiction | Secured Party       | File No. | Dated Filed                      | Collateral
|------------- | ------------ | ------------------- | -------- | -------------------------------- | ----------
|             
|Immucor, Inc. |              | Gwinnett County, GA |          | Siemens Financial Services, Inc. |           
|              |              |                     |          |                                  |           
|             

|                        |  |        |  |                                                             | 
|----------------------- |  | ------ |  | ----------------------------------------------------------- | 
|Gamma Biologicals, Inc. |  | TX SOS |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|Immucor, Inc.           |  |        |  |                                                             | 
|                       

|                        |  |        |  |                                                             | 
|----------------------- |  | ------ |  | ----------------------------------------------------------- | 
|Gamma Biologicals, Inc. |  | TX SOS |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|                       
|                        |  |        |  |                                                             | 
|                       
|                        |  |        |  |                                                             | 

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           

---



|Debtor | Jurisdiction | Secured Party | File No. | Dated Filed | Collateral
|------ | ------------ | ------------- | -------- | ----------- | ----------
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      
|       |              |               |          |             |           
|      

|                        |  |        |  |                                                             | 
|----------------------- |  | ------ |  | ----------------------------------------------------------- | 
|                       
|Gamma Biologicals, Inc. |  | TX SOS |  | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. | 
|                       
|                        |  |        |  |                                                             | 
|                       
|                        |  |        |  |                                                             | 
|                       
|                        |  |        |  |                                                             | 

---



|Debtor                  | Jurisdiction | Secured Party | File No. | Dated Filed                                                 | Collateral
|----------------------- | ------------ | ------------- | -------- | ----------------------------------------------------------- | ----------
|                       
|Gamma Biologicals, Inc. |              | TX SOS        |          | Bankers/Softech/Mid-States, a Division of EAB Leasing Corp. |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       
|                        |              |               |          |                                                             |           
|                       

|                        |  |        |  |                        | 
|----------------------- |  | ------ |  | ---------------------- | 
|                       
|Gamma Biologicals, Inc. |  | TX SOS |  | Inter-Tel Leasing Inc. | 
|                       

|                        |  |        |  |                            | 
|----------------------- |  | ------ |  | -------------------------- | 
|                       
|Gamma Biologicals, Inc. |  | TX SOS |  | Xerox Capital Services LLC | 

---



# SCHEDULE 8.6

# Existing Investments

Investment in Lionheart Technologies,  Inc. (having a book value of $770,000).  Bio-Tek Instruments,  Inc.
is a wholly owned subsidiary of Lionheart Technologies, Inc.