BOSTON BIOMEDICA INC
EX-10.31
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<TYPE>EX-10.31
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<DESCRIPTION>EX-10.31
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<p align="right" style="margin:0in 0in .0001pt 5.0in;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.31</font></b></p>

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<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Boston
Biomedica Inc. &#150; Consultant Agreement</font></b></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Agreement is entered into
as of the 31st day of December, 2003, between Boston Biomedica Inc. (&#147;the
Company&#148;) and Richard T. Schumacher (&#147;the Consultant&#148;).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company desires to
assure itself that the benefits of the consulting abilities and talents of the
Consultant relative to certain aspects of the Company&#146;s business will be
available to the Company;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in
consideration of the mutual covenants and promises herein contained, the
receipt and sufficiency of which is hereby acknowledged, and intending to be
legally bound, it is hereby agreed by and between the parties as follows:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Consulting Engagement.</u>&#160; Subject to the terms and conditions of this
Agreement, the Company hereby extends the current engagement of the Consultant
as Executive Project Consultant to perform the services set forth herein, and
the Consultant hereby accepts such engagement.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Term.</u>&#160;
The Term of the Consultant&#146;s engagement hereunder shall commence on the
date hereof and extend through December 31, 2004 unless sooner terminated as
hereinafter provided.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Duties.</u>&#160; Subject to the terms and conditions in this
Agreement, the Consultant&#146;s duties as Executive Project Consultant shall be to
take an advisory role in directing the Company&#146;s PCT and Source activities and
the Company&#146;s ownership interest in Panacos Pharmaceuticals, Inc. (&#147;Panacos&#148;),
each as further described below, and such other duties as may be assigned to
him by the President of the Company or the Board from time to time.&#160; The Consultant shall report to, be
specifically accountable to, and shall follow the directions of the&#160; Board of Directors of the Company The
Consultant shall devote substantially all his business time and energy and will
use his best efforts to perform his duties hereunder.&#160; The Consultant will be given reasonable access to Company
personnel to assist the Consultant in the fulfillment of his duties and
responsibilities under this Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Compensation.</u>&#160;
During the term of the Consultant&#146;s engagement under this Agreement, the
Consultant shall be paid $4,807.90 per week, which is equivalent to an
annualized salary of $250,000.00, prorated for the number of weeks between the
date hereof and December 31, 2004 and based on a 52 week year.&#160; Such amounts shall be paid periodically in
accordance with the Company&#146;s normal payroll practices.&#160; The Consultant will also be eligible to
receive from the Company a performance bonus in recognition of the successful
completion of his duties and responsibilities as described herein.&#160; The amount of such performance bonus, if
any, and the date upon which it will be paid, will be determined by the Board
of Directors of the Company in its sole and exclusive discretion.&#160; In addition to his salary and bonus, if any,
for the sole purpose of determining compensation and benefits, the Consultant
shall be considered a full time employee and as such will be entitled to
participate in and immediately eligible for health and medical insurance, disability
insurance, group life insurance, group travel insurance, and 401(k) retirement
plan applicable to all full</p>

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<p style="margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">time employees of the Company as they may be
in effect from time to time.&#160; The
Consultant&#146;s prior service with the Company shall be attributed to Consultant
in determining eligibility to participate in and the extent of benefits from
such benefit plans.&#160; There shall be no
waiting period for participation in any such plan.&#160; The Consultant shall be eligible for vacation, holidays and sick
days in accordance with the Company&#146;s policies applicable to all full time
employees.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>PCT, Source and Panacos.</u> The Consultant
shall assume an advisory role in directing the Company&#146;s PCT and Source
Divisions and the Company&#146;s ownership interest in Panacos.&#160; The heads of the Company&#146;s PCT and Source
Divisions shall report to the Consultant.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>PCT Division</u>. In performing
his PCT duties set forth in Paragraph 5 above, until such time as the business
plan, including the operating budget, is approved by the Board, the Consultant
shall limit the monthly losses from the PCT Division to an amount equal to or
less than the average monthly amount of losses that have been incurred by the
PCT Division since January 1, 2003.&#160; For
this purpose, however, the Consultant&#146;s salary and related expenses will not be
considered in the calculation of PCT&#146;s losses.&#160;
The Consultant further understands and agrees that the President of the
Company, representing the Board, may determine based on the Company&#146;s overall
financial condition that it may be necessary to further limit the amount of
losses incurred by the PCT Division.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Without
limiting the foregoing, the Consultant shall prepare a marketing plan for the
PCT Division for the Board.&#160; The
marketing plan shall be prepared within a time period specified by the Board of
Directors.&#160; The strategy and activities
contained in the marketing plan shall include, but not be limited to, ongoing
scientific review and attendance at scientific conferences, communication with
leading scientific investigators in the field and investigation of potential
opportunities with the United States government relating to homeland defense.</font></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font>In performing his Source Division duties as
set forth in Paragraph 5, above, but without limitation of such duties, the
Consultant shall assist in identifying potential contract procurement
opportunities for the Source Division and in identifying strategic
opportunities for the Source Division.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Payment of the Commerce Loan.</u> With the proceeds
(net of required taxes) Consultant may receive from the sale of any personal
assets,&#160; the Consultant shall promptly
apply all such net proceeds to repay all amounts due to Commerce Bank &amp;
Trust Company (&#147;Commerce Bank&#148;), whether owed personally or by any affiliate of
the Consultant, including Resort Accommodations International LLC (&#147;RAI&#148;) and
whether or not then due pursuant to the terms of any note or loan agreement
with Commerce Bank (the &#147;Commerce Bank Loan&#148;) and all amounts owed to the
Company by the Consultant or any such affiliate pursuant to (i) that certain
Limited Guaranty by the Company for the benefit of Commerce Bank dated January
15, 2002, (ii) that certain Junior Participation Agreement also dated January
15, 2002 by and between Commerce Bank, RAI and the Company, (iii) that certain
Pledge Agreement also dated January 15, 2002 by and between the Company and
Commerce Bank, and (iv) that certain Pledge and Security Agreement dated as of
January 15, 2002 by and between the Consultant, the Company and Commerce Bank.&#160; By entering into this Agreement, the
Consultant hereby ratifies, confirms and</p>

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<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">acknowledges his obligations to the Company under
such agreements referred to in clauses (i) through (iv) above (the &#147;Company&#146;s
Guarantee&#148;).&#160; Notwithstanding the
foregoing, if and to the extent the Consultant or his affiliates has funds or
assets in excess of ordinary and routine living expenses, the Consultant shall
repay the Commerce Bank Loan and the Company&#146;s Guarantee.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><u>Expenses.</u>&#160;
During the term of this Agreement, the Consultant shall obtain prior
approval for any and all out-of-pocket expenses incurred in connection with the
performance of his duties hereunder and otherwise in accordance with the
Company&#146;s reimbursement policy and procedure as in effect from time to time.&#160; If approved in advance, the Consultant shall
submit invoices for such approved expenses in accordance with the Company&#146;s
expense reimbursement procedures, and the Company shall reimburse him for all
such approved out-of-pocket expenses.</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Written Reports.</u>&#160; The Company may request that plans, progress reports and results
reports be provided by the Consultant on a weekly or monthly basis as requested
by the Company.&#160; The reports shall be in
such form and setting forth such information and data as is reasonably
requested by the Company.</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Inventions.</u>&#160;
Any and all inventions, discoveries, developments and innovations
conceived by the Consultant during this engagement relative to the duties under
this Agreement shall be the exclusive property of the Company; and the
Consultant hereby assigns all right, title, and interest in the same to the
Company.&#160; Any and all inventions,
discoveries, developments and innovations conceived by the Consultant prior to
his engagement hereunder and utilized by him in rendering duties to the Company
are hereby licensed to the Company for use in its operations and for an
infinite duration.&#160; This license is
non-exclusive, and may be assigned without the Consultant&#146;s prior written approval
by the Company to a wholly-owned subsidiary of the Company.</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Confidentiality.</u> The Consultant acknowledges
that during his engagement hereunder, he will have access to and become
acquainted with various trade secrets, inventions, innovations, processes,
information, records and specifications owned or licensed by the Company and/or
used by the Company in connection with the operation of its business including,
without limitation, the Company&#146;s business and product processes, methods,
customer lists, accounts and procedures.&#160;
The Consultant agrees that he will not disclose any of the aforesaid,
directly or indirectly, or use any of them in any manner, either during his
engagement hereunder or at any time thereafter, except as required in the
course of his engagement by the Company.&#160;
All files, records, documents, blueprints, specifications, information,
letters, notes, media lists, original artwork/creative, notebooks, and similar
items relating to the business of the Company whether prepared by the
Consultant or otherwise coming into his possession during his engagement
hereunder, shall remain the exclusive property of the Company.&#160; The Consultant shall not retain any copies
of the foregoing without the Company&#146;s prior written permission.&#160; Upon the termination of his engagement
hereunder, or whenever requested by the Company, the Consultant shall
immediately deliver to the Company all such files, records, documents,
specifications, information, and other items in his possession or under his
control.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Disclosure.</u>&#160;
The Consultant shall not disclose the terms of this Agreement to any
person without the prior written consent of the Company.&#160; The Company may issue a</p>

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<p style="margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">press release to announce the Consultant&#146;s
continued engagement.&#160; If the Company
determines to issue such a press release, it shall promptly submit the press
release to the Consultant for his review and approval prior to release to the
public.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Conflicts of Interest; Non-hire Provision.</u>&#160; The Consultant represents that he is free to
enter into this Agreement, and that this engagement does not violate the terms
of any agreement between the Consultant and any third party.&#160; Further, the Consultant, in rendering his
duties shall not utilize any invention, discovery, development, improvement, innovation,
or trade secret in which he does not have a proprietary interest.&#160; If the Company is not in breach of its
obligations under this Agreement, for a period of one year following
termination of his engagement hereunder, the Consultant shall not, directly or
indirectly hire, solicit, or encourage to leave the Company&#146;s employment, any
employee,&#160; consultant, or contractor of
the Company or hire any such employee,&#160;
consultant, or contractor who has left the Company&#146;s employment or
contractual engagement within one year of such employment or engagement, (other
than such employees, consultants and contractors who have been involuntarily
terminated by the Company).</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Right to Injunction.</u>&#160; The parties hereto acknowledge that the
services to be rendered by the Consultant under this Agreement, the rights and
privileges granted to the Company under the Agreement, the benefits to be
received by the Consultant and the obligations of the Company hereunder are of
a special, unique, unusual, and extraordinary character which gives them a
peculiar value, the loss of which cannot be reasonably or adequately
compensated by damages in any action at law, and the breach by either party of
any of the provisions of this Agreement will cause the other irreparable injury
and damage.&#160; The parties expressly agree
that each party shall be entitled to injunctive and other equitable relief in
the event of, or to prevent, a breach of any provision of this Agreement by
the&#160; other party.&#160; Resort to such equitable relief, however,
shall not be construed to be a waiver of any other rights or remedies that such
party may have for damages or otherwise.&#160;
The various rights and remedies of the&#160;
parties under this Agreement or otherwise shall be construed to be
cumulative, and no one of the them shall be exclusive of any other or of any
right or remedy allowed by law.</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Termination.</u>&#160; The Consultant&#146;s engagement hereunder may be
terminated prior to December 31, 2004 as follows:</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>With Cause</u>.&#160; The Board may terminate the Consultant&#146;s
engagement hereunder at any time and without further obligation for cause.&#160; If the Board terminates the engagement for
cause, then it shall only owe the Consultant compensation that has accrued and
has not yet been paid as of the date of termination (calculated on a daily
basis).&#160; For purposes of this Agreement,
&#147;cause&#148; shall mean the occurrence of any of the following events:</p>

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<p style="font-size:10.0pt;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any material act of personal dishonesty, or
serious misconduct in connection with the Consultant&#146;s responsibilities to the
Company under this Agreement;</p>

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</font>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the commission by the Consultant of any
crime classified as a felony under any Federal, state or local law or the
Consultant engaging in any acts of moral turpitude;</p>

<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(C)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>continued material violations, breach or
noncompliance by the Consultant of the Consultant&#146;s obligations or covenants
under this Agreement after there has been delivered to the Consultant a written
demand for performance or compliance from the Company which describes the basis
for the Company&#146;s belief that the Consultant has violated, breached or failed
to comply with the Consultant&#146;s duties or complied with the Consultant&#146;s
obligations or covenants under this Agreement and such violations, breach or
noncompliance have not been corrected or cured by the Consultant within ten
(10) business days following such demand;</p>

<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(D) </font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>continued failure or refusal to comply with
the written policies or reasonable directives of the Company after there has
been delivered to the Consultant a written demand for performance or compliance
from the Company which describes the basis for the Company&#146;s belief that the
Consultant has failed or refused to comply with such policies or directives and
such failure or refusal have not been corrected or cured by the Consultant
within ten (10) business days following such demand; or</p>

<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(E)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the use by the Consultant of a controlled
substance without a prescription or the abuse of alcohol which in any way
impairs the Consultant&#146;s ability to carry out Consultant&#146;s duties and
responsibilities under this Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Termination of Duties, Responsibilities and
Authority.</u>&#160; Although the
Consultant&#146;s engagement hereunder shall continue through December 31, 2004, the Board may
reduce, limit or terminate part or all of the Consultant&#146;s duties,
responsibilities and authority to provide any services under this Agreement at
any time without cause, provided however, that if the Board reduces, limits or
terminates part or all of such duties, responsibilities and authority without
cause prior to December 31, 2004, it shall continue to pay the Consultant all
of the compensation, including benefits, which otherwise would have been paid
through December 31, 2004 had the Board not so terminated such duties,
responsibilities and authority.&#160; In such
event, the Consultant shall continue to be referred to as the Company&#146;s
Executive Project Consultant.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Taxes.</u>&#160;
The Company shall withhold taxes with respect to the Consultant&#146;s
compensation hereunder.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Release</u>.&#160;
In consideration of the Company engaging the Consultant as a consultant
hereunder, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Consultant hereby releases,
remises, and</p>

<p style="margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


<div style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-autospace:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\eudelhofen\04-3321-1\task99728\3321-1-ke.htm',USER='eudelho',CD='Mar 25 11:28 2004' -->
<br clear="all" style="page-break-before:always;">
</font>

<p align="center" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:center;text-autospace:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">forever discharges the Company and the
Company&#146;s officers, directors and affiliates from all debts, demands, actions,
causes of actions, suits, accounts, covenants, contracts, agreements, damages,
and all claims and liabilities of every nature, which the Consultant or the
Consultant&#146;s successors or assigns now have or ever had against the Company or
its officers, directors and affiliates, jointly, severally, or individually.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Successors and Assigns.</u>&#160; All of the provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective heirs, if any, successors, and assigns, provided, however, the
Consultant shall not assign any of his rights under this Agreement, or delegate
the performance of any of his duties hereunder, without the prior written
consent of the Company.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Choice of Law.</u>&#160; The laws of the Commonwealth of Massachusetts shall govern the
validity of this Agreement, the construction of its terms and the
interpretation of the rights and duties of the parties hereto.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Arbitration.</u> Any controversies arising out of
the terms of this Agreement or its interpretation shall be settled in
Massachusetts in accordance with the rules of the American Arbitration
Association, and the judgment upon award may be entered in any court having
jurisdiction thereof.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Headings.</u>&#160;
Section headings are not to be considered a part of this Agreement and
are not intended to be a full and accurate description of the contents hereof.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Waiver.</u>&#160;
No failure or delay by either part in exercising any right under this
Agreement will operate as a waiver of such right or any other right under this
Agreement. Waiver by one party hereto of breach of any provision of this
Agreement by the other shall not operate or be construed as a continuing
waiver.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Notices.</u>&#160;
Any and all notices, demands, or other communications required or desired
to be given hereunder by any party shall be in writing and shall be validly
given or made to another party if personally served, or if deposited&#160; in the United States mail, certified or
registered, postage prepaid, return receipt requested.&#160; If such notice or demand is served
personally, notice shall be deemed constructively made at the time of such
personal service.&#160; If such notice,
demand or other communication is given by mail, such notice shall be
conclusively deemed given five days after deposit thereof in the United States
mail addressed to the party to whom such notice, demand or other communication
is to be given as follows:</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If to the Consultant:</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard T. Schumacher</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65 Black Pond Lane</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Taunton, MA 02780</font></p>

<p style="margin:0in 0in .0001pt 2.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If to the Company:</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Boston Biomedica, Inc.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">375 West Street</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">West Bridgewater, MA 02379</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

<font size="2" face="Times New Roman" style="font-size:10.0pt;">
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\eudelhofen\04-3321-1\task99728\3321-1-ke.htm',USER='eudelho',CD='Mar 25 11:28 2004' -->
<br clear="all" style="page-break-before:always;">
</font>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn:&#160; Chairman of the Board</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-style:italic;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">Any party hereto may change its address for purposes of this
paragraph by written notice given in the manner provided above.</font></i></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Modification or Amendment.</u>&#160; No amendment, change or modification of this
Agreement shall be valid unless in writing signed by the parties hereto.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Entire Understanding.</u>&#160; This document and any exhibit attached
constitute the entire understanding and agreement of the parties, and any and
all prior agreements, understandings, and representations whether written or
oral are hereby terminated and canceled in their entirety and are of no further
force and effect.</p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Unenforceability of Provisions.</u>&#160; If any provision of this Agreement, or any
portion thereof, is held to be invalid and unenforceable, then the remainder of
this Agreement shall nevertheless remain in full force and effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Counterparts</u>.&#160; This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;punctuation-wrap:simple;text-autospace:none;text-indent:-.25in;vertical-align:baseline;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30.</font><font size="1" style="font-size:8.5pt;">&#160;&#160; </font><u>Captions</u>.<b><font style="font-weight:bold;">&#160; </font></b>Captions
have been inserted solely for the convenience of reference and in no way
define, limit or describe the scope or substance of any provisions of this
Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-style:italic;margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">IN WITNESS WHEREOF the undersigned have executed this
Agreement as of the day and year first written above.&#160; The parties hereto agree that facsimile signatures shall be as
effective as if originals.</font></i></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:29.52%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Boston
  Biomedica Inc.</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="52%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:52.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consultant:</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:29.52%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="52%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:52.38%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:29.52%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="3%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:3.04%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="23%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:23.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Richard
  T. Schumacher</font></p>
  </td>
  <td width="25%" valign="top" style="padding:0in .7pt 0in .7pt;width:25.84%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="3%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:3.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="25%" valign="top" style="border:none;border-bottom:solid windowtext .5pt;padding:0in .7pt 0in .7pt;width:25.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ R. Wayne
  Fritzsche</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="52%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:52.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard T.
  Schumacher</font></p>
  </td>
 </tr>
 <tr>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.9%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="26%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:26.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:
  Chairman of the Board</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="52%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:52.38%;">
  <p style="font-size:1.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="29%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:29.52%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="18%" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
  <td width="52%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:52.38%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr height="0">
  <td width="21" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="187" style="border:none;"></td>
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