Document:

<PAGE>
                                                                    Exhibit 10.4

July 2, 2001

Mr. Peter J. Pizzo, III
Serologicals Corporation
5655 Spalding Drive
Norcross, Georgia 30092

Dear Peter:

As we discussed on June 5, 2001, I have determined that your employment with
Serologicals Corporation will be terminated. We will immediately initiate a
search for someone to assume your duties and job responsibilities.

You should promptly begin efforts to secure alternative employment. To assist
you, Serologicals will make available, at its expense, full outplacement
services to you, to be provided by a professional outplacement firm selected by
us, until you find alternative employment or September 30, 2001, whichever is
earlier. Serologicals will be liable for and make payments for all fees and
expenses incurred by the outplacement firm directly to the outplacement firm.
Please contact Diane Miller to make arrangements for initiation of this service.
The following sets forth our mutual commitments:

1.       Serologicals will continue to pay your base salary and provide your
         current health and welfare benefits until the earlier of September 5,
         2001 or the date you elect to leave employment with the company (the
         "Termination Date"). From this date until the Termination Date, you
         will devote your time and attention to the business affairs of the
         Company and conduct business as usual under my direction. The Company
         agrees to grant you reasonable time off with pay to pursue activities
         dedicated to securing alternative employment.

2.       You shall be entitled to all of the benefits provided for in the letter
         agreement between the Company and you dated February 3, 2000 (the
         "Letter Agreement") and in each individual Stock Option Agreement for
         Key Employees between the Company and you which are dated as of October
         14, 1996; January 29, 1997; December 9, 1997; December 31, 1998;
         December 31, 1999 (October 25, 1999 grant); and December 31, 1999
         (February 3, 2000 grant) (collectively the "Option Agreements").
         Specifically, the Company agrees that your termination is pursuant to
         section 3 (d) (1) of the Letter Agreement and is not "for cause."

<PAGE>

Mr. Peter J. Pizzo, III
July 2, 2001
Page 2

3.       For a period of one (1) year from September 5, 2001, you shall continue
         to cooperate with the Company if so requested with respect to the
         continued transition of your duties. The time spent by you for such
         activities shall not exceed eight (8) hours per week, unless mutually
         agreed upon between the Company and you. The Company will reimburse you
         for any out-of-pocket expenses incurred by you with respect to such
         activities.

4.       Provided you remain employed through September 5, 2001 and comply with
         the obligations set forth in paragraph 3 above, any unvested options
         under the Option Agreements dated December 31, 1998 and December 31,
         1999 (February 3, 2000 grant) shall become 100% vested on September 5,
         2002. In addition, you shall have until December 5, 2002 to elect to
         exercise any options under those two Option Agreements. In the event
         you voluntarily leave employment prior to September 5, 2001 or fail to
         comply with the obligations set forth in paragraph 3 above, such
         options shall remain unvested.

5.       You agree to release and forever discharge the Company, its affiliated
         companies, and past and present directors, officers, owners, agents,
         employees or attorneys, from any and all actions, causes of action,
         asserted or unasserted claims and demands whatsoever, in law or in
         equity (hereinafter collectively referred to as "Claims"), whether
         known or unknown, which you may have against the Company based on any
         acts, omissions, transactions or occurrences whatsoever occurring or
         accruing prior to the date of execution of this Agreement, including,
         but not limited to: (i) claims which are related to employment with the
         Company and the termination of employment; (ii) claims for retaliatory,
         wrongful or constructive discharge, intentional or negligent infliction
         of emotional distress, outrageous conduct, invasion of privacy,
         assault, battery, fraud, breach of duty, libel, slander or tortious
         conduct of any kind; and/or (iii) all other claims arising at law or in
         equity.

6.       We shall agree upon the wording of a written statement concerning your
         employment and separation from employment that may be used by both
         parties for any necessary communications related thereto (the
         "Statement"). The Company and you agree that all written or verbal
         representations regarding your employment will consist of the Statement
         or will confirm dates of employment and final position held only with
         no information on performance or reasons for termination. You agree
         that you will not make any statement, verbal or written, that would
         tend to disparage or denigrate the character, professionalism, business
         practices or performance of job duties of the Company or any of its
         directors, officers or employees, or prejudice the Company with respect
         to reputation or business matters.

<PAGE>

Mr. Peter J. Pizzo, III
July 2, 2001
Page 3

If you are in agreement with the terms set forth above, please sign this letter
and return it to me.

I wish you the best in your future endeavors.

Sincerely,

David A. Dodd

                                            ACCEPTED AND AGREED:

                                            /s/ Peter J. Pizzo, III
                                            ------------------------------------
                                            Peter J. Pizzo, III<PAGE>
                                                                  EXHIBIT 10.1.2

                            CONSULTING AGREEMENT WITH

                                RICHARD B. INMAN

         AGREEMENT entered into and effective this 1st day of August, 2001, by
and between Eagle Bancshares, Inc. ("Eagle"); Tucker Federal Bank ("Tucker"),
collectively referred to as the "Bank", and Richard B. Inman ("Inman" or the
"Consultant").

         WHEREAS, Inman has heretofore been employed by Tucker as its Chief
Executive Officer ("CEO"), pursuant to an Employment Agreement dated March 25,
1997;

         WHEREAS, Inman has voluntarily resigned his employment as CEO and his
positions on the Boards of Directors of Tucker, and all subsidiary corporations
of Tucker effective January 30, 2001;

         WHEREAS, Inman has voluntarily resigned from his positions as
Secretary/Treasurer of Eagle; as President of Eagle Bancshares Capital Group,
Inc., as Chief Financial Officer and as a member of the Board of Directors of
NextBill.com, and any and all other positions with Eagle or any subsidiary
corporation unless expressly provided for herein; and

         WHEREAS, Inman shall continue to serve on the Board of Director of
Eagle through the end of this term;
<PAGE>

         WHEREAS, the Board of Directors of Eagle and Tucker (the "Board")
believe it is in the best interest of the Bank to enter into this Agreement with
Inman in order to assure a transition period for management of Tucker and gain
Inman's expertise in developing long term strategic planning for Eagle;

         WHEREAS, the parties desire by this writing to set forth the terms of
an seventeen (17) month independent contractor consulting relationship between
Eagle and Inman.
         NOW, THEREFORE, for good and valuable consideration, including the

promises and covenants made herein, it is AGREED as follows:

                  1.       DEFINED TERMS

         When used anywhere in this Agreement, the following terms shall have
the meaning set forth herein.

                  (a)      "Eagle" shall mean Eagle Bancshares, Inc.;

                  (b)      "Tucker" shall mean Tucker Federal Bank;

                  (c)      "Disability" shall mean a physical or mental
                  infirmity which impairs the Consultant's ability to
                  substantially perform his duties under this Agreement for a
                  period of 60 consecutive days.

                  (d)      "Effective Date" shall mean the effective resignation
                  date referenced in paragraph 2 of this Agreement.
<PAGE>

                  (e)      "Just Cause" shall mean, in the good faith
                  determination of Eagle's Board of Directors, the Consultant's
                  personal dishonesty, incompetence, willful misconduct,
                  intentional failure to perform assigned duties, willful
                  violation of any law, rule or regulation (other than traffic
                  violations or similar offenses) or final cease-and-desist
                  order, or material breach of any provision of this Agreement.
                  The Consultant shall have no right to receive any compensation
                  or other benefits for any period after termination for just
                  cause. No act, or failure to act, on the Consultant's part
                  shall be considered "willful" unless he has acted, or failed
                  to act, with an absence of good faith and without a reasonable
                  belief that his action or failure to act was in the best
                  interest of Eagle.

                  2.       RESIGNATION OF EMPLOYMENT. Inman has submitted and
                  Tucker has accepted his voluntary resignation from employment
                  as CEO of Tucker, to be effective on January 30, 2001. Inman
                  has also submitted, and Tucker has accepted, his resignation
                  from the Boards of Directors of Tucker and all subsidiary or
                  affiliated corporations. Inman further understands and agrees
                  that, by this Agreement, he forever waives any claim or right
                  to reinstatement to his former positions of employment or
                  Boards of Director membership with the

<PAGE>

                  Bank or any of its related entities. Inman expressly
                  acknowledges the voluntariness of his resignation, and his
                  full and complete understanding that said resignation
                  precludes him from recovering the severance compensation
                  provided by his contract of employment.

                  3.       CONSULTING PERIOD AND PURPOSE. The Consultant shall
                  render such consulting services for Eagle as may be requested
                  beginning on the effective date of this Agreement. Eagle
                  hereby retains the Consultant and the Consultant hereby
                  accepts Eagle as his client under this Agreement, for the
                  period commencing on the Effective Date and ending December
                  31, 2002 (or such earlier date as is determined in accordance
                  with this Agreement). The purpose of the consulting agreement
                  shall be for Inman to assist Eagle in its development and
                  implementation of long range strategic planning for Eagle and
                  its subsidiary and affiliated entities.

                                    (a)      Inman shall report directly to C.
                           Jere Sechler, the Chairman of Eagle on all consulting
                           matters, and shall not contact other employees of
                           Eagle or Tucker regarding the issues on which he is
                           consulting unless directed to do so by Sechler. This
                           limitation shall only apply to communications
                           relating to business matters on which Inman is
                           consulting and
<PAGE>

                           shall not limit his ability to communicate on person
                           non-business matters with employees of the Bank.

                  4.       BASE COMPENSATION. The Bank agrees to pay Inman
                  during the term of this consulting a professional fee for the
                  seventeen (17) month consultancy equal to the amount of
                  severance he would have been due under his Employment
                  Agreement which is Fifteen Thousand Seven Hundred Ninety Two
                  and 13/100 ($15,792.13) Dollars, payable on a monthly basis on
                  the fifteenth of each month. Inman shall pay $792.13 to Tucker
                  Federal Bank to continue his COBRA benefits by the twentieth
                  (20th) day of each month he is receiving said benefits. If
                  Inman elects to cancel those benefits, then the monthly
                  consultant fee shall be reduced to Fifteen Thousand
                  ($15,000.00) Dollars per month. If Inman obtains new full time
                  employment that, in Eagle's judgment, creates a conflict of
                  interest with the Bank's operations, Eagle may terminate this
                  Agreement by giving 30 days written notice. Upon termination,
                  Inman will be paid the balance of monies, if any, due under
                  this Agreement in lump sum fashion.

                  5.       MEZZANINE PORTFOLIO MANAGER POSITION. The Bank is
                  contemplating the sale of its mezzanine loan portfolio
                  ("Portfolio").

<PAGE>

                  Inman has indicated interest in the position of Manager for
                  the recovery of the loans in the Portfolio. In the event the
                  Portfolio is sold and Inman is hired for a management position
                  by the acquiring entity, paragraph four (4) above shall be
                  amended as follows: Inman's acceptance of the position will
                  negate the Bank's obligation to retain Inman as a consultant.
                  The Bank's obligation to pay Inman any remaining monthly
                  payments due on the consultancy agreement shall be reduced by
                  the amount of monies he earns as the Portfolio Manager or in
                  some equivalent position. If Inman earns $15,000.00 per month
                  or more, once his total income earned as Portfolio Manager (or
                  an equivalent position) is divided by the remaining months
                  left on the consultant agreement, then Tucker shall not owe
                  any additional severance to Inman. However, in the event Inman
                  is terminated without cause from the management position by
                  the entity or entities acquiring the Portfolio, Tucker agrees
                  to pay Inman as a consultant from the date of said termination
                  (or from the date his severance pay from the Portfolio Manager
                  position is exhausted) until December 31, 2001. The monthly
                  amount paid for his consulting services shall be Fifteen
                  Thousand ($15,000.00) Dollars per month. These payments are to
                  be in full and final satisfaction of any and all liability the
                  Bank

<PAGE>

                  has or may have to Inman through the date that severance
                  payments are concluded.

                  6.       LOYALTY; NONCOMPETITION.

                                    (a)      Except for illnesses and reasonable
                           leaves of absence, the Consultant shall be available
                           to Eagle to devote his business time, attention,
                           skill and efforts to the faithful performance of all
                           assigned consultations. From time to time, Consultant
                           may seek the written authorization of Eagle to serve
                           on other boards of directors, and hold offices or
                           positions in, companies or organizations which will
                           not present any conflict of interest with Eagle,
                           Tucker or any of their subsidiaries or affiliates,
                           and will not violate any applicable statute or
                           regulation. During the consultancy provided for under
                           this Agreement, the Consultant shall not engage in
                           any business or activity or in conflict with the
                           business affairs or interests of Eagle or Tucker.

                  7.       TERMINATION OR SUSPENSION UNDER FEDERAL LAW. If the
                  Consultant is removed and/or permanently prohibited from
                  participating in the conduct of the Bank's affairs by an order
                  issued under Sections 8(e)(4) or 8(g)(1) of the Federal
                  Deposit Insurance Act
<PAGE>

                  (FDIA") (12 U.S.C. 1818(e)(4) and (g)(1)), all obligations of
                  the Bank under this Agreement shall terminate, as of the
                  effective date of the order, but vested rights of the parties
                  shall not be affected.

                  (a)      If the Bank is in default (as defined in Section
                           3(x)(1). of FDIA), all obligations, under this
                           Agreement shall terminate as of the date of default;
                           however, this Paragraph shall not affect the vested
                           rights of the parties.

                                    (b)      If a notice served under Section
                           8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3)
                           or (g)(1)) suspends and/or temporarily prohibits the
                           Employee from participating in the conduct of the
                           Bank's affairs, the Bank's obligations under this
                           Agreement shall be suspended as of the date of such
                           service, unless stayed by appropriate proceedings. If
                           the

                                    (c)      Any payments made to the Consultant
                           pursuant to this Agreement, or otherwise, are subject
                           to and conditioned upon their compliance with both 12
                           U.S.C. Section 1828(k) and any regulations
                           promulgated thereunder, and Regulatory Bulletin 27A,
                           but only to the extent required thereunder on the
                           date any payment is required pursuant to this
                           Agreement.
<PAGE>

                  8.       RELEASE. Inman, for himself, his agents, assigns,
                  heirs, executors, administrators and personal representatives,
                  hereby fully, finally and forever releases and discharges the
                  Bank, including but not limited to all of their present and
                  former managers, officers, employees, agents, representatives,
                  directors, assigns, successors, predecessors, boards,
                  subsidiaries, affiliates, and benefit plans from any and all
                  claims, demands, actions, causes of action, suits, damages,
                  losses, costs, expenses and attorneys' fees and all claims of
                  any kind and every character whatsoever, whether known or
                  unknown, which he has or may have against any or all of them
                  growing out of, or arising from, or pertaining to any
                  contract, transaction, dealing, employment relationship,
                  conduct, act or omission, including but not limited to, wages,
                  compensation, bonuses, benefits, or any other matters or
                  things occurring or existing at any time prior to the
                  execution of the Agreement.

                  Without in any way limiting the foregoing, the above claims
                  waived and released by Inman include any possible or alleged
                  claims under the United States Constitution, the Constitution
                  of the State of Georgia, the Americans with Disabilities Act,
                  42 U.S.C.ss.12101, et seq.; the Rehabilitation Act, 29
                  U.S.C.ss.701 et seq.; the Family and
<PAGE>

                  Medical Leave Act, 29 U.S.C.ss.2601 et seq.; the Fair Labor
                  Standards Act, 29 U.S.C.ss.201 et seq.; 42 U.S.C.ss.1981,
                  1981a, 1983, 1985 and 1988; the Age Discrimination in
                  Employment Act (ADEA), 29 U.S.C.ss.621 et seq.; Title VII of
                  the civil Rights Act of 1964, as amended, 42 U.S.C.ss.2000e et
                  seq.; the Civil Rights Act of 1991; the employee Retirement
                  Income Security Act of 1974, 29 U.S.C.ss.1001 et seq. (as
                  amended); the Consolidated Omnibus Budget Reconciliation Act
                  of 1985, 29 U.S.C.ss.1161 et seq., and any possible or alleged
                  claims for front pay, back pay, fringe benefits, interest,
                  compensatory or punitive damages, including claims under
                  federal, state or local law.

                  9.       COOPERATION AND CONFIDENTIALITY: Inman shall fully
                  cooperate with the Bank on all pending or subsequently filed
                  litigation matters, including but not limited to Prime Group,
                  Inc., Victor J. Mills, Oliver W. Owens v. Tucker Federal Bank,
                  Civil Action No. 97-RCCV-1128. This cooperation may include
                  deposition testimony, trial testimony and preparation and
                  assisting counsel in trial preparation. Inman acknowledges he
                  has received and will continue to receive confidential
                  financial information protected by the attorney client
                  privilege and will maintain the confidentiality of that
                  information. The willful or intentional breach of the
                  confidentiality of attorney

<PAGE>

                  client information or other confidential financial information
                  Inman has knowledge of as a result of his employment with
                  Eagle and Tucker will result in the termination of this
                  Agreement.

                                    (a)      The Bank will continue to indemnify
                           Inman for all acts for which insurance coverage is
                           provided by way of the error and omissions policy of
                           insurance maintained for the benefit of all officers
                           and directors of the Bank. The scope and amount of
                           indemnification shall be coterminous with the
                           coverage provided by the insurance policy.

                  10.      FEDERAL INCOME TAX WITHHOLDING . The Bank may
                  withhold all federal and state income or other taxes from any
                  benefit payable under this Agreement as shall be required
                  pursuant to any law or government regulation or ruling.

                  11.      SUCCESSORS AND ASSIGNS.

                  (a) Bank. This Agreement shall not be assignable by the Bank,
         provided that this Agreement shall inure to the benefit of and be
         binding upon any corporate or other successor of the Bank which shall
         acquire, directly or indirectly, by merger, consolidation, purchase or
         otherwise, all or substantially all of the assets or stock of the Bank.

<PAGE>

                           (b) Consultant. Since the Bank is contracting for the
         unique and personal skills possess by Inman, he shall be precluded from
         assigning or delegating his rights or duties hereunder; provided,
         however, that nothing in this paragraph shall preclude (i) the
         Consultant from designating a beneficiary to receive any compensation
         payable hereunder upon his death, or (ii) the executors,
         administrators, or other legal representatives of Inman or his estate
         from assigning any rights hereunder to the person or persons entitled
         thereunto.

                  12.      AMENDMENTS. No amendments or additions to this
                  Agreement shall be binding unless made in writing and signed
                  by all of the parties, except as herein otherwise specifically
                  provided.

                  13.      APPLICABLE LAW. Except to the extent preempted by
                  Federal law, the laws of the State of Georgia shall govern
                  this Agreement in all respects, whether as to its validity,
                  construction, capacity, performance or otherwise.

                  14.      SEVERABILITY. The provisions of this Agreement shall
                  be deemed severable and the invalidity or unenforceability of
                  any provision shall not affect the validity or enforceability
                  of the other provisions hereof.

                  15.      ENTIRE AGREEMENT. This Agreement, together with any
                  understanding or modifications thereof as agreed to in writing
                  by the
<PAGE>

                  parties, shall constitute the entire agreement between the
                  parties hereto and shall supersede any prior agreement between
                  the parties.

         IN WITNESS WHEREOF, the parties have executed this Agreement on the day
and year first hereinabove written.

ATTEST                                       EAGLE BANCSHARES, INC.

/s/ Betty Petrides                           /s/ C. Jere Sechler
------------------                           ----------------------------
                                             Secretary
                                             C. JERE SECHLER
                                             Chairman, Board of Directors

WITNESS

/s/ A. Lee Parks                             /s/ Richard B. Inman, Jr.
------------------                           ----------------------------
                                             RICHARD B. INMAN, JR.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]