Document:

EXHIBIT 10.5

CHARYS HOLDING COMPANY, INC.

8.75% SENIOR CONVERTIBLE NOTE DUE FEBRUARY 16, 2012

THIS NOTE AND THE COMMON STOCK
ISSUABLE UPON CONVERSION OF THIS NOTE (THE “SECURITIES”) HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION,
BUT HAVE BEEN ACQUIRED BY THE REGISTERED OWNER HEREOF FOR PURPOSES OF
INVESTMENT AND IN RELIANCE ON THE STATUTORY EXEMPTIONS CONTAINED IN SECTION 4(2)
OF THE SECURITIES ACT AND IN COMPARABLE EXEMPTIONS IN THE
SECURITIES LAWS OF OTHER JURISDICTIONS TO THE EXTENT
APPLICABLE. SUCH SECURITIES MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR ASSIGNED EXCEPT IN A TRANSACTION THAT IS EXEMPT
UNDER SUCH SECURITIES ACT AND SUCH OTHER LAWS, OR PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT THEREUNDER OR IN A
TRANSACTION OTHERWISE IN COMPLIANCE WITH SUCH
ACTS AND OTHER LAWS, AND IN THE CASE
OF AN EXEMPTION OR OTHER SUCH TRANSACTION
OTHERWISE IN COMPLIANCE, UNLESS THE CORPORATION HAS RECEIVED AN OPINION OF COUNSEL, SATISFACTORY
TO IT, OR A COMMUNICATION FROM THE SECURITIES AND EXCHANGE COMMISSION AND ANY OTHER GOVERNMENTAL AUTHORITY
EMPOWERED TO INTERPRET THE SECURITIES LAWS OF STATES OR OTHER JURISDICTIONS THAT ARE APPLICABLE TO SUCH TRANSACTION, THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION OF THE SECURITIES UNDER THE SECURITIES
ACT OR UNDER SUCH OTHER LAWS, AS THE
CASE MAY BE.

1.             Interest
and Payments.

Charys Holding Company, Inc., a Delaware corporation (the “Company”),
for value received, promises to pay to Matthew B. Mitchell or to a permitted
successor or transferee as the holder of record 
(the “Holder”) of this Senior Convertible Note (the “Note”)
the principal amount of TWO MILLION TWO HUNDRED NINE THOUSAND FIVE HUNDRED
TWENTY-THREE and 81/100 DOLLARS ($2,209,523.81) plus accrued interest on the
principal amount of this Note at the rate of 8.75% per annum.  The Company will pay interest to the Holder
quarterly in arrears on May 16, August 16, November 16 and February 16 of each
year (each an “Interest Payment Date”), with the first payment to be
made on May 16, 2007.  Interest on this
Note will accrue on the principal amount from February 16, 2007.  Interest will be computed on the basis of a
360-day year of twelve 30-day months. 
Unless previously converted into securities of the Company pursuant to
Section 6 below, and subject to the earlier redemption or repurchase pursuant
to Sections 4 and 5 below, the Company shall pay to the Holder all accrued and
unpaid interest and principal on this Note in full on the Maturity Date (as
defined below).

2.             Maturity.

This Note will mature on February 16, 2012 (the “Maturity Date”).

3.             Method Of
Payment.

The Company will pay interest on this Note to the Holder at the close
of business on the business day next preceding the applicable Interest Payment
Date. The Company will pay, in money of the United States that at the time of
payment is legal tender for payment of public and private debts, all amounts
due

in
cash with respect to this Note, which amounts shall be paid by wire transfer of
immediately available funds to the account specified by the Holder hereof or,
if no such account is specified, by mailing a check to such Holder’s address
specified in Section 13.

4.             Provisional
Redemption.

The Company shall have the right, at its option, at
any time, and from time to time, on or after the dates set forth below (any
date selected by the Company in accordance with the terms of this Section 4, a “Redemption
Date”), to redeem (a “Provisional Redemption”) up to the
corresponding percentage of this Note set forth below, in any case, at the
Redemption Price (as defined below), plus the Make-Whole Payment (as defined
below):

	
  Date

  	
   

  	
  Percentage of Principal

  
	
  March 8, 2009

  	
   

  	
  25%

  
	
  March 8, 2010

  	
   

  	
  50% (including any previously redeemed percentage of
  this Note)

  
	
  March 8, 2011

  	
   

  	
  100% (including any previously redeemed percentage
  of this Note)

  

 

provided,
that, the Company may not exercise such redemption right unless: (a) the volume
weighted average price for at least 20 trading days in the 30 consecutive
trading day period ending on, and including, the trading day immediately
preceding the date of mailing of the notice of Provisional Redemption (the “Notice
Date”), the Closing Sale Price (as defined below) exceeds 200% of the
Conversion Price (as defined below) in effect on such trading day; and (b) no
continuing  Event of Default (defined
below) exists that has not been cured or waived in accordance herewith on or
before such Redemption Date.  With respect
to this Note, the following terms have the following meanings:

“Redemption Price” means an amount equal to
the then outstanding principal amount of this Note, plus accrued and unpaid
interest, if any, through the applicable Redemption Date multiplied by the
percentage of this Note to be redeemed.

“Make-Whole Payment” means an amount equal to
the “present value” of 50% of all remaining scheduled interest payments on this
Note with respect to the percentage of this Note to be redeemed from, and
including, the applicable Redemption Date through the Maturity Date.  For purposes hereof, the “present value” will
be calculated using the bond equivalent yield on U.S. Treasury notes or bills
having a term nearest in length to that of the remaining period from the date
preceding the Notice Date to the Maturity Date; provided, however, that if the
period from the Redemption Date to the third anniversary of the issuance of
this Note is less than one year, the weekly average yield on actually-traded
U.S. Treasury notes or bills adjusted to a constant maturity of one year shall
be used.

“Closing Sale Price” means the price of a share of the Company’s
common stock, par value $0.001 per share (“Common Stock”), on the
relevant date, determined on the basis of the closing per share sale price (or
if no closing sale price is reported, the average of the bid and ask prices or,
if more than one in either case, the average of the average bid and the average
ask prices) on such date on the principal trading market on which the Common
Stock is then listed or quoted; provided, that, if the Common Stock is not then
listed or quoted, the Closing Sale Price shall be such price as the Board of
Directors shall reasonably determine on the basis most accurately reflecting
the price that a fully informed buyer, acting on his own accord, would pay to a
fully informed seller, acting on his own accord, in an arms-length transaction,
for a share of such Common Stock.

The
Make-Whole Payment may be paid for, in whole or in part, at the election of the
Company, in cash or shares of Common Stock or in any combination of cash and
shares of Common Stock; provided, however, that no portion of the Make-Whole
Payment shall be paid in shares of Common Stock

unless such shares shall
have been (a) duly qualified or registered under applicable federal and
state securities laws or shall be qualified for an available exemption from
such qualification and registration and (b) validly issued, fully paid and
non-assessable and free from any preemptive rights.  Shares of Common Stock issued as payment for
any portion of the Make-Whole Payment shall be valued at 90% of the volume
weighted average price for the 20 consecutive trading days ending on and
including the trading day immediately preceding the Redemption Date, which
average shall be appropriately adjusted in the good faith determination of the
Board of Directors (whose determination shall be described in a Board
Resolution) to account for the occurrence, during such twenty (20) trading day
period, of a stock split, stock dividend or a subdivision or combination of the
Company’s Common Stock or a similar event.

As soon as practicable after the time the amount of the Make-Whole
Payment shall have been calculated, but no later than the second business day
immediately preceding such Redemption Date, the Company shall notify the Holder
of the amount of the Make-Whole Payment. The Make-Whole Payment shall be paid
by the Company with respect to the percentage of this Note called for
Provisional Redemption, including, without limitation, the percentage of this
Note that has been converted into shares of Common Stock on or after the Notice
Date and before such Redemption Date. In no event shall the Make-Whole Payment
with respect to this Note be reduced by any amount of accrued and unpaid
interest; provided, however, that in the event such Redemption Date is an
interest payment date, then the Make-Whole Payment shall be reduced by any
accrued and unpaid interest to, and including, the Redemption Date, which
accrued and unpaid interest shall instead be paid by the Company on the
Redemption Date to the Holder at the close of business on the record date for
such interest payment.

Upon surrender to the Company of this Note following a Provisional
Redemption, the Redemption Price shall be paid to the Holder surrendering this
Note.  If the Redemption Date is an
Interest Payment Date, the Company shall pay, on such Redemption Date, the
accrued and unpaid interest, if any, to, but excluding, the Redemption Date to
the Holder of this Note at the close of business on the record date for such
interest payment, and such accrued and unpaid interest shall not be paid to the
Holder submitting this Note for Provisional Redemption (unless such Holder was
the Holder of record of this Note at the close of business on the record date
for such interest payment).

Notice of Redemption will be mailed, by first-class mail, at least 30
days but not more than 60 days before the Redemption Date, to the Holder.

5.             Repurchase
at Option Of Holder Upon a Change In Control.

In the event of a Change in Control (as defined below), the Holder
shall have the right, at the Holder’s option, to require the Company to
repurchase this Note on a date selected by the Company (the “Repurchase Date”),
which date shall be no later than 45 days after the date of the Change in
Control, at a price payable in cash equal to 105% of the principal amount of
this Note, plus accrued and unpaid interest to, but excluding the Repurchase
Date (such amount, the “Repurchase Price”).

“Change in Control” shall be deemed to have occurred at such
time as:

(a)           any “person” or “group” (as such
terms are used for purposes of Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(the “Exchange Act”)) is or becomes the “beneficial owner” (as such term is
used in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% or
more of the total voting power of all classes of the Company’s capital stock
entitled to vote generally in the election of directors calculated on a
fully-diluted basis; or

(b)           any change in the size or composition
of the Company’s Board of Directors, the effect of which is that the members of
the Company’s Board of Directors immediately prior to such change (the “Incumbent
Directors”) do not represent a majority of the members of the Company’s
Board of Directors following such change, unless such change was approved by a
majority of the Incumbent Directors; or

(c)           the Company consolidates with, or
merges with or into, another person or any person consolidates with, or merges
with or into, the Company, in any such event other than pursuant to a
transaction where the persons that “beneficially owned,” directly or
indirectly, the shares of the Company’s capital stock immediately prior to such
transaction, “beneficially own,” directly or indirectly, immediately after such
transaction, shares of the continuing, surviving or acquiring corporation’s
capital stock representing at least a majority of the total voting power of all
outstanding classes of the of the continuing, surviving or acquiring
corporation’s capital stock; or

(d)           the sale, transfer, lease, exchange,
conveyance or other disposition of all or substantially all of the assets of
the Company to any “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act), including any group acting for the
purpose of acquiring, holding, voting or disposing of securities within the
meaning of Rule 13d-5(b)(1) under the Exchange Act;

provided, however, that a
Change in Control will not be deemed to have occurred if at least 90% of the
consideration (other than cash payments for fractional shares or pursuant to
statutory appraisal rights) in the merger or consolidation otherwise
constituting the Change in Control consists of common stock and any associated
rights traded on a U.S. national securities exchange (or which will be so
traded or quoted when issued or exchanged in connection with such Change in
Control), and, as a result of such transaction or transactions, this Note
becomes convertible solely into such common stock and associated rights.

Within 15 days after the occurrence of the Change in
Control, the Company must mail, or cause to be mailed, notice of the occurrence
of such Change in Control to each Holder. 
Such notice shall include, among other things, a description of the
procedure that a Holder must follow to exercise the Repurchase Right.

6.             Conversion.

This Note shall be convertible into shares of Common
Stock at any time prior to the close of business on the Maturity Date, in
accordance with the terms set forth below. 
This Note may be surrendered for conversion into a number of shares of
Common Stock of the Company equal to the then outstanding principal and any
accrued and unpaid interest thereon divided by $2.25 (subject to adjustment as
provided below, the “Conversion Price”); provided, however, that this
Note may be surrendered for conversion pursuant to this paragraph only until
the close of business on the second business day immediately preceding the
Redemption Date or Repurchase Date, unless the Company fails to pay the
Redemption Price or Repurchase Price, as applicable.

The Conversion Price shall be adjusted as follows:

(a)           In case the Company
pays any cash dividend (including regularly scheduled cash dividends) or other
cash distribution to holders of its Common Stock, then on and after the record
date for the determination of holders of Common Stock entitled to such dividend
or distribution, the Conversion Price shall be decreased by multiplying the
Conversion Price in effect immediately prior to such record date by a fraction
of which (i) the numerator shall be (A) Closing Sale Price of the Common Stock
in effect at the close of business on such record date, minus (B) the per share
amount of such dividend or other distribution, and (ii) the denominator shall
be the Closing Sale Price of the Common Stock in effect at the close of
business on such record date.  Such decrease
shall become effective immediately prior to

the
opening of business on the day following such record date.

(b)           In case the Company
shall (i) pay a dividend in shares of Common Stock to all holders of Common
Stock, (ii) make a distribution in shares of Common Stock to all holders of Common
Stock, (iii) subdivide the outstanding shares of Common Stock into a greater
number of shares of Common Stock, or (iv) combine the outstanding shares of
Common Stock into a smaller number of shares of Common Stock, the Conversion
Price in effect immediately prior to such action shall be adjusted so that the
Holder of this Note shall be entitled to receive the number of shares of Common
Stock that such Holder would have owned immediately following such action had
this Note been converted immediately prior thereto.  Any adjustment made pursuant to this
subsection (b) shall become effective immediately after the record date in the
case of a dividend or distribution and shall become effective immediately after
the effective date in the case of a subdivision or combination.  If any dividend or distribution of the type
described in this subsection (b) is declared but not so paid or made, the
Conversion Price shall again be adjusted to the Conversion Price that would
then be in effect if such dividend or distribution had not been declared.

(c)           In case the Company
shall dividend or distribute to all holders of Common Stock shares of capital
stock of the Company (other than Common Stock), evidences of indebtedness or
other assets (other than cash dividends or distributions covered by subsection
(a)), or shall dividend or distribute to all holders of Common Stock warrants,
options or rights to subscribe for or purchase securities, then, in each such
case, the Conversion Price shall be decreased by multiplying the Conversion
Price in effect immediately prior to the close of business on the record date
for the determination of holders of Common Stock entitled to such dividend or
distribution by a fraction of which (i) the numerator shall be an amount equal
to (A) the Closing Sale Price of Common Stock on the trading day immediately
preceding such record date less (B) the fair market value (as determined in
good faith by the Board of Directors), on such record date, of the portion of
the shares of capital stock, evidences of indebtedness, assets, warrants,
options or rights to be dividended or distributed applicable to one share of
Common Stock, and (ii) the denominator shall be the Closing Sale Price on the
record date, such decrease to become effective immediately prior to the opening
of business on the day following such record date; provided, however, that if
such denominator is equal to or less than one, then, in lieu of the foregoing
adjustment to the Conversion Price, adequate provision shall be made so that
the Holder shall have the right to receive upon conversion of this Note, in
addition to the shares of Common Stock issuable (and cash, if any, payable)
upon such conversion, an amount of shares of capital stock, evidences of
indebtedness, assets, options, warrants or rights that such Holder would have
received had such Holder converted this Note on such record date. In the event
that such dividend or distribution is not so paid or made, the Conversion Price
shall again be adjusted to be the Conversion Price that would then be in effect
if such dividend or distribution had not been declared.

To convert this Note, a Holder must (i) provide the Company a notice of
conversion and provide any additional information regarding the Holder
reasonably requested by the Company to comply with applicable law; (ii)
surrender this Note to the Company; and (iii) furnish appropriate endorsements
and transfer documents if required by the Company in its reasonable discretion.

Any
shares of Common Stock issued upon conversion of this Note shall bear a legend
substantially in the form set forth above on the face of this Note.

7.             Subordination.

The payment of principal plus accrued and unpaid
interest on this Note will be subordinate in right of payment to the prior
payment in full of all Designated Secured Indebtedness as set forth in the
Indenture, dated as of February 16, 2007, by and among (i) the Company, (ii)
the Guarantors (as defined

therein), and (iii) The Bank
of New York Corporate Trust Company, N.A., a national banking association, as
trustee.

8.             Assignment
or Transfer.

(a)           Neither this Note
nor any of the rights, interests or obligations hereunder may be assigned, in
whole or in part, by the Company without the prior written consent of the
Holder.

(b)           Holder may not
transfer or assign this Note without the Company’s prior written consent,
except to such Holder’s devisees, legatees or heirs or a family trust
established by such Holder, in each case, in compliance with the legend set
forth on the face of this Note.  This
Note may be transferred or assigned only upon its surrender to the Company for
registration of transfer, duly endorsed, accompanied by a duly executed written
instrument of transfer in form satisfactory to the Company.  Thereupon, this Note shall be reissued to, and
registered in the name of, the transferee as the Holder, or a new Note for like
principal amount and interest shall be issued to, and registered in the name
of, the transferee as the Holder. 
Interest and principal shall be paid solely to the registered holder of
this Note.

9.             Amendments,
Supplements and Waivers.

This Note may be amended or supplemented only upon the written consent
of the Company and the Holder.

10.          Defaults
and Remedies.

For purposes of this Note an “Event Of Default” means:

(a)           the Company’s  failure to pay the principal on this Note
when the same becomes due and payable;

(b)           the Company fails to
pay interest on the Note when due, if such failure continues for 10 days after
the date when due;

(c)           the Company defaults
in the performance of its obligations under this Note (other than a payment
default specified in subsections (a) and (b)) and such default continues for 30
days after written notice to the Company by the Holder;

(d)           the Company pursuant to, or within
the meaning of, any bankruptcy law, insolvency law or other similar law now or
hereafter in effect or otherwise:

(i)            commences
a voluntary case of bankruptcy;

(ii)           consents
to the entry of an order for relief against it in an involuntary case of
bankruptcy;

(iii)          consents
to the appointment of a custodian of it or for all or substantially all of its
property or assets;

(iv)          makes
a general assignment for the benefit of its creditors; or

(v)           a
court of competent jurisdiction enters an order or decree under any bankruptcy
law that:

(A)          is
for relief against the Company in an involuntary case or proceeding, or
adjudicates the Company insolvent or bankrupt;

(B)           appoints
a custodian of the Company for all or substantially all of the property or
assets of the Company; or

(C)           orders
the winding up or liquidation of the Company; and in the case of each of the
foregoing clauses (A), (B) and (C), the order or decree remains unstayed and in
effect for at least 60 consecutive days.

If
an Event of Default occurs and is continuing, the Holder by notice to the
Company may declare this Note to be immediately due and payable in full.  Upon such declaration, the principal and any
accrued and unpaid interest on this Note shall be due and payable immediately.

11.          No Recourse Against Others.

No
past, present or future director, officer, employee or stockholder, as such, of
the Company shall have any liability for any obligations of the Company under
this Note or for any claim based on, in respect of, or by reason of, such
obligations or their creation. The Holder, by accepting this Note, waives and
releases all such liability. The waiver and release are part of the
consideration for the issuance of this Note.

12.          Governing
Law.

THIS
NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

13.          Notices.

All
notices, requests and other communications hereunder must be in writing and
will be deemed to have been duly given (a) when sent if delivered personally
against written receipt or by facsimile or email transmission against
electronic facsimile or email confirmation, (b) the following day if mailed by
overnight courier, or (c) three business days after mailing if mailed by
prepaid first class certified mail, return receipt requested, in each case to
the parties at the following addresses or facsimile numbers:

	
  If to the Company:

  	
   

  	
  Charys Holding Company, Inc.

  1117 Perimeter Center West, Suite N-415

  Atlanta, Georgia 30338

  Attn: Mr. Billy V. Ray, Jr., President

  Facsimile: (678) 443-2320

  bray@Charys.com

  
	
   

  	
   

  	
   

  
	
  with a copy (which
  shall not constitute notice) to:

  	
   

  	
  Larry W. Shackelford, Esq.

  Morris, Manning & Martin, LLP 1600

  Atlanta Financial Center

  3343 Peachtree Road, N.E.

  Atlanta, Georgia 30326

  Facsimile: (404) 365-9532

  lws@mmmlaw.com

  

 

 

	
  If to Holder:

  	
   

  	
  Matthew B. Mitchell

  537 West Broussard Road

  Lafayette, LA 70506

  Facsimile: (337) 993-8999

  
	
   

  	
   

  	
   

  
	
  with a copy (which
  shall not constitute notice) to:

  	
   

  	
  G. Frederick Seemann, Esq.

  Attorney at Law, L.L.C.

  401 Audubon Boulevard

  Suite 103A

  Lafayette, Louisiana 70503

  Facsimile: (337) 234-4046

  gfsee@msn.com

  

 

Any party from time to time may change its address, facsimile number or
other information for the purpose of notices to that party by giving notice
specifying such change to the other parties.

[Signatures follows on next page.]

IN WITNESS WHEREOF, the Company has executed and delivered this
Note as of the date first written above.

	
  

  	
  CHARYS HOLDING COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/

  	
   Billy V. Ray,
  Jr.

  	
   

  
	
   

  	
  Name:

  	
  Billy V. Ray, Jr.

  
	
   

  	
  Title:

  	
  Chairman & CEOExhibit 10.1

CONSULTING
AGREEMENT

THIS
CONSULTING AGREEMENT (this “Agreement”) is made effective as of March 1, 2007
(the “Effective Date”), by and between Immucor, Inc., a Georgia corporation
(the “Company”), and Edward L. Gallup, an individual resident of the State of
Georgia (the “Consultant”).

The
Company and Consultant wish to enter into this Agreement to establish the terms
and conditions upon which Consultant will use his expertise to assist the
Company with maintaining relations with the shareholders of the Company, on an
as-needed basis.  In consideration of the
mutual covenants and agreements contained herein, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

1.                                       Engagement.  The Company hereby engages Consultant, and
Consultant accepts such engagement, to perform the following services for and
on behalf of the Company (the “Consulting Services”) upon the terms and
conditions of this Agreement:

Consultant will assist
the Company as requested by the Company with maintaining relations with the
shareholders of the Company,
and Consultant will perform such other services as may be agreed to from time
to time in writing by Consultant and the Company.  Consultant will make himself available to the
Company on an as-needed basis in person or by telephone at such times and
places as the Company may reasonably require. Notwithstanding the foregoing,
during the Term of this Agreement Consultant will not be required to (a)
provide Consulting Services for more than 20 hours per week, (b) make himself
available at the offices of the Company more than 3 days per week or a total of
12 days per month, or (c) travel out-of-town more than 6 days per month.
Consultant will report directly to the Chief Executive Officer of the Company.

2.                                       Term.

(a)                                  The
initial term of this Agreement will be from March 1, 2007 through and including
February 29, 2008, and will continue thereafter until terminated by either
party in accordance with subsection  2
(b) below (the “Term”).

(b)                                 Notwithstanding
any other provision of this Agreement, either party may terminate this
Agreement at any time upon 30 days’ prior written notice, and the Company may
terminate this Agreement at any time for “cause.”  This Agreement will also terminate upon the
death of Consultant.  For purposes of
this Agreement, “cause” will mean (i) a conviction of a felony, (ii) actions
which result in a significant and continuing detriment to the Company, (iii)
the material breach by Consultant of this Agreement (including without
limitation the material failure to provide the consulting services contemplated
by this Agreement in accordance with the highest professional standards), or
(iv) willful failure to respond within a reasonable time to a request by the
Company which is reasonable in light of the Consulting Services (as defined
below).

(c)                                  Upon
the termination of this Agreement, neither party will have any further
obligation to the other, except (i) no termination of this Agreement under any
provision of this Section will prejudice any claim either party may have under
this Agreement that arises prior to the effective date of such termination, and
(ii) termination of this Agreement will not terminate or otherwise affect the
rights and obligations set forth in Sections 4 [Noncompetition], 5 [Disclosure
of Information], 7 [Indemnification], 8 [Independent Contractor Relationship]
and this Section 2 (c) (which will survive expiration or termination as
independent obligations).

3.                                       Payments
and Expenses.

(a)                                  Consultant
will be paid for providing the Consulting Services at the rate of $275,000 a
year payable in 12 installments every month.

(b)                                 The
Company will reimburse Consultant for all travel, entertainment and other
reasonable and necessary expenses incurred by him in the performance of the
Consulting Services in accordance with the Company’s policies for expense
reimbursement; provided, that all such expenses in excess of $ 5,000 will be
agreed in advance by the Company.

(c)                                  Consultant
will be solely responsible for payment of all taxes on the compensation paid to
Consultant by the Company during the Term of this Agreement.

4.                                       Noncompetition.  During the term of Consultant’s engagement
hereunder, for a period of two years after such engagement is terminated for
any reason, in consideration of the compensation being paid to Consultant
hereunder, Consultant will:

(a)                                  not
solicit business from anyone who is or becomes an active or actively-sought
prospective customer of the Company or its affiliates and with whom the
Employee had dealt with or had material contact during his engagement under
this Agreement, with a view to selling or providing to such customer or
prospective customer any product or service of a type sold or provided by the
Company to such customer or prospective customer.

(b)                                 not
solicit for employment or hire any employee of the Company or its affiliates
that the Consultant had contact with during his engagement under this
Agreement.

5.                                       Disclosure
of Information.

(a)                                  Company
acknowledges that during the course of his engagement under this Agreement,
Consultant will have significant access to, and involvement with, the Company’s
Trade Secrets and Confidential Information. 
Consultant agrees to maintain in strict confidence and, except as
necessary to perform his duties for the Company, Consultant agrees not to use
or disclose any Trade Secrets of the Company during or after his engagement
under this Agreement.  Consultant agrees
that the provisions of this subsection will be deemed sufficient to protect
Trade Secrets of third parties provided to the Company under, an obligation of
secrecy.  As provided by Georgia
statutes, “Trade Secret” will mean any information (including, but not limited
to, technical or nontechnical data, a formula, a pattern, a compilation, a
program, a device, a method, a technique, a drawing, a process, financial data,
financial plans, product plans,

 2
 

or
a list of actual or potential customers) that: (i) derives economic value,
actual or potential, from not being generally known to, and not being readily
ascertainable by proper means by, other persons who can obtain economic value
from its disclosure or use; and (ii) is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy.

(b)                                 In addition,
Consultant agrees to maintain in strict confidence and, except as necessary to
perform his duties for the Company, not to use or disclose any Confidential
Information of the Company during his engagement under this Agreement and for a
period of 12 months following termination of Consultant’s engagement under this
Agreement.  “Confidential Information”
will mean any internal, non-public information (other than Trade Secrets
already addressed above) concerning (without limitation) the Company’s
financial position and results of operations (including revenues, assets, net
income, etc.); annual and long-range business plans; product or service plans;
marketing plans and methods; training, educational and administrative manuals;
supplier information and purchase histories; customers or clients; personnel
and salary information; and employee lists. 
Consultant agrees that the provisions of this subsection will be deemed
sufficient to protect Confidential Information of third parties provided to the
Company under an obligation of secrecy.

(c)                                  Except as expressly
provided in this Agreement, the Company alone will be entitled to all benefits,
profits and results arising from or incidental to the Consultants under this
Agreement with the Company.  To the greatest
extent possible, any work product, property, data, invention, “know-how”,
documentation or information or materials prepared, conceived, discovered,
developed or created by Consultant in connection with his prior  employment or engagement under this Agreement
with the Company will be deemed to be “work made for hire” as defined in the
Copyright Act, 17 U.S.C.A. § 101 et seq., as amended, and owned exclusively and
perpetually by the Company.  Consultant
hereby unconditionally and irrevocably transfers and assigns to the Company all
intellectual property or other rights, title and interest Consultant may
currently have (or in the future may have) by operation of law or otherwise in
or to any work product.  Consultant
agrees to execute and deliver to the Company any transfers, assignments,
documents or other instruments which the Company may deem necessary or
appropriate to vest complete and perpetual title and ownership of any work
product and all associated rights exclusively in the Company.  The Company will have the right to adapt, change,
revise, delete from, add to and/or rearrange the work product or any part
thereof written or created by Consultant, and to combine the same with other
works to any extent, and to change or substitute the title thereof, and in this
connection Consultant hereby waives the “moral rights” of authors as that term
is commonly understood throughout the world including, without limitation, any
similar rights or principles of law which Consultant may now or later have by
virtue of the law of any locality, state, nation, treaty, convention or other
source.  Unless otherwise specifically
agreed, Consultant will not be entitled to any additional compensation, beyond
his compensation under this Agreement, for any exercise by the Company of its
rights set forth in the preceding sentence.

(d)                                 Consultant will
surrender to the Company, promptly upon its request and in any event upon
termination of this Agreement, all media, documents, notebooks, computer
programs, handbooks, data files, models, samples, price lists, drawings,
customer lists, prospect data, or other material of any nature whatsoever (in
tangible or electronic form) in the Consultant’s

 3
 

possession or control, including all copies
thereof, relating to the Company, its business, or its customers.  Upon the request of the Company, Consultant
will certify in writing compliance with the foregoing requirement.

(e)                                  On
and after termination of this Agreement for any reason, Consultant will not
access any of Company’s communication, operations or filing systems or any of
the Company’s customers’ communication, operations or filing systems including,
but not limited to, computer systems, e-mail, voice mail (except to leave
messages) and related communications systems, for any reason whatsoever.

6.                                       Severability.  If any provision contained in this Agreement
shall for any reason be held invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provisions of this Agreement, but this Agreement shall be construed as if such
invalid, illegal or unenforceable provision had never been contained herein,
and the remainder of this Agreement shall be enforced to achieve the original
intentions of the parties as nearly as possible.

7.                                       Indemnification.

(a)                                  Consultant
will be solely responsible for, and indemnify, defend and hold harmless the
Company (including its successors, officers, directors, shareholders,
employees, agents, representatives and shareholders) from and against, all
losses, claims, damages, liabilities, and expenses (including any and all
reasonable expenses and attorneys fees incurred in investigating, preparing or
defending against any litigation or proceeding, whether commenced or
threatened, or any other claim whatsoever whether or not resulting in any
liability) resulting from or relating to or in connection with (i) any
assertion by any public or private party that Consultant is not an independent
contractor or (ii) Consultant’s provision of services to the Company pursuant
to this Agreement (whether through employees, agents, licensees or invitees) except
to the extent that such results directly from the willful misconduct or gross
negligence of the Company or its employees, agents, customers, invitees or
licensees.

(b)                                 The
Company will be solely responsible for, and indemnify, defend and hold harmless
Consultant (including its successors, officers, directors, shareholders,
employees, agents, representatives and shareholders) from and against, all
losses, claims, damages, liabilities, and expenses (including any and all
reasonable expenses and attorneys fees incurred in investigating, preparing or
defending against any litigation or proceeding, whether commenced or
threatened, or any other claim whatsoever whether or not resulting in any
liability) in connection with Consultant’s provision of services to the Company
pursuant to this Agreement (i) that arise from claims of persons not parties to
this Agreement and (ii) that result directly from the willful misconduct or
gross negligence of the Company or its employees, agents, customers, invitees
or licensees.

8.                                       Independent
Contractor Relationship.  This
Agreement is intended to govern and exclusively define Consultant’s
relationship with the Company during the Term. 
During the Term, the relationship of the parties under this Agreement
will be, and at all times will remain, one of independent contractors and not
that of partners, joint venturers, or principal and agent.

 4
 

Neither party will
have any authority to assume or create obligations on the other’s behalf and
neither party will take any action which has the effect of creating the
appearance of its having such authority.

9.                                       Entire
Agreement; Modifications.  This
Agreement contains the entire agreement of the parties with respect to the
subject matter hereof.  This Agreement
may not be changed, altered, amended or modified except by an instrument in
writing signed by the parties hereto.  No
provision of this Agreement will be deemed waived unless such waiver is
evidenced in a writing subscribed by the party against whom such waiver is
charged.

10.                                 Assignment.  Neither party hereto may assign its interest
in or delegate the performance of its obligations under this Agreement to any
other entity or person without the prior express written consent of the other
party, except that this Agreement will
inure to the benefit of the Company’s successors in interest, including,
without limitation, successors through merger, consolidation, or sale of
substantially all of the Company’s stock or assets, and will be binding upon
Consultant.

11.                                 Governing
Law.  This Agreement will be governed
by, and construed and enforced in accordance with, the substantive laws of the
State of Georgia, without regard to any choice of law rules.

12.                                 Notices.  Any notice or other communication to a party
required or permitted hereunder will be in a writing and will be deemed
sufficiently given when received by the party (regardless of the method of
delivery), or if sent by registered or certified mail, postage and fees
prepaid, addressed to the party as follows, on the fifth business day after
mailing:

	
  (a)

  	
   

  	
  If to Company:

  	
   

  	
  3130 Gateway Drive

  
	
   

  	
   

  	
   

  	
   

  	
  Norcross, GA
  30071

  
	
   

  	
   

  	
   

  	
   

  	
  Attention: Chief
  Executive Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (b)

  	
   

  	
  If to Consultant:

  	
   

  	
  424 Caruso Ct.

  
	
   

  	
   

  	
   

  	
   

  	
  Dunwoody, GA 30350

  

 

or in each case to such
other address as the party may time to time designate in writing to the other
party.

13.                                 Counterparts.  This Agreement may be executed in two or more
counterparts, each of which will be deemed an original, but all of which
counterparts will together constitute one and the same instrument.

14.                                 Other
Agreements.  Notwithstanding anything
to the contrary set forth herein, this Agreement will have no effect on the
rights and obligations of the Company or Consultant made under the Amended and
Restated Employment Agreement dated as of September 7, 2006, or under any other
written agreements entered into between the Company and Consultant.

[Signatures appear
on the following page.]

 5
 

The
parties hereto have executed this Agreement as of the date first written above.

	
   

  	
  IMMUCOR, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Gioacchino
  DeChirico

  
	
   

  	
  Gioacchino
  DeChirico

  
	
   

  	
  CEO and
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Edward L.
  Gallup

  
	
   

  	
  Edward L. Gallup

  

 

 6

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