Note 4 - Related Party Transactions

9 Months Ended

Feb. 28, 2017

4.	RELATED PARTY TRANSACTION S

In connection with the Immucor Acquisition in fiscal year

2012,

the Company entered into a management services agreement with TPG Capital, L.P. (the “Sponsor”). Pursuant to such agreement, and in exchange for on-going consulting and management advisory services that are provided to the Company, the Sponsor receives an aggregate annual monitoring fee of approximately

$3.0

million. In the

three

months and

nine

months ended

February

28,

2017,

approximately

$0.8

million, and $

2.4

million, respectively, was recorded for monitoring fees, additional services provided by the Sponsor, and out-of-pocket expenses and substantially all of these expenses are included in general and administrative expenses in the consolidated statements of operations. In the

three

months and

nine

months ended

February

29,

2016,

approximately

$0.8

million, and

$2.4

million was recorded for these same types of fees and expenses, respectively. As of

February

28,

2017

and

May

31,

2016,

the Company owed

$0.5

million and

$1.7

million, respectively, to the Sponsor for these fees and expenses.

Sentilus LLC and the Company have entered into management services agreements. Refer to Note

of the consolidated financial statements for additional information.