OCR Error while using MODI - Sharepoint 2007

Question

My machine has Office 2010 installed.
I downloaded Sharepoint 2007 MODI for OCR. I am using VS2012.

I get the following error message:

An unhandled exception of type 'System.Runtime.InteropServices.COMException' occurred in ImageOCR_Modi.exe

Here is a screenshot:

I came to know Office 2010 removed MODI feature, so no support from MS. So can't it be used with Office 2010

Code:

public string CheckFileAndDoOCR(string directoryPath)
{
    string TheTxt = "";
    IEnumerator files = Directory.GetFiles(directoryPath).GetEnumerator();

    while (files.MoveNext())
    {
        // FileInfo
        FileInfo sudhir = new FileInfo(Convert.ToString(files.Current));

        // Check for JPG File Format
        if (sudhir.Extension == ".jpg" || foo.Extension == ".JPG")
        // or // ImageFormat.Jpeg.ToString()
        {
            // Start OCR Procedure
            TheTxt = DoOCRExact(sudhir.FullName);
            // Create TXT file next to ImageFile
            string txtFileName = sudhir.DirectoryName + "\\" + sudhir.Name.Replace(sudhir.Extension, "") + ".txt";
            FileStream createFile = new FileStream(txtFileName, FileMode.OpenOrCreate);
            // Save the text in to TXT file
            StreamWriter writeFile = new StreamWriter(createFile);
            writeFile.Write(TheTxt);
            // Close
            writeFile.Close();
            createFile.Close();
        }

        try
        { foo.Delete(); }
        catch (Exception ex)
        {

        }
    }
    return TheTxt;
}

public string DoOCRExact(string FullPath)
{
    string txt;

    // OCR Operations...
    MODI.Document md = new MODI.Document(); // Create MODI.Document
    md.Create(FullPath); // Fill MODI.Document with my file
    md.OCR(MODI.MiLANGUAGES.miLANG_ENGLISH, true, true); // OCR();
    // Image from file
    MODI.Image image = (MODI.Image)md.Images[0];
    txt = image.Layout.Text;
    MODI.Word word = image.Layout.Words[0];
    // Close OCR
    word = null;
    image = null;
    md.Close(false);
    md = null;

    // Finalize
    GC.Collect();
    GC.WaitForPendingFinalizers();

    // Return Text
    return txt;
}