September 27, 2005Mutual Limited Release Agreement • November 10th, 2005 • Serologicals Corp • Biological products, (no disgnostic substances) • Delaware
This letter shall constitute our agreement with respect to the retirement (the “Payoff”) of the Note, which we hereby agree shall occur prior to 5:00 p.m., Atlanta, time, on the date hereof (the “Payoff Date”). In exchange for (i) your proposed payment of the outstanding principal amount of the Note, which we hereby agree is US$6,800,000.00, prior to the stated maturity date and (ii) your covenants as set forth below, we hereby agree to accept the amount of US$6,000,000.00 in full satisfaction of the principal amount of the Note (the “Discounted Principal Amount”). Accordingly, on the Payoff Date, you shall pay the amount (the “Payoff Sum”) set forth below by wire transfer of immediately available funds:
