Document:

EX-10.1

TGS-004-90089

THIS EXCLUSIVE INTERNATIONAL DISTRIBUTOR AGREEMENT is made and entered into as of November 3, 2010
(this “Agreement”), between THERMOGENESIS CORP., a Delaware corporation with principal office 2711
Citrus Road, Rancho Cordova, CA 95742, USA (“THERMO”), and NANSHAN MEMORIAL MEDICAL INSTITUTE with
its principal office at 26-08 Copley Ct., Free Hold, NJ 07728 (“Distributor”). Each of THERMO and
Distributor is hereinafter referred to as a “Party” and collectively the “Parties.”

R E C I T A L S

A. THERMO’s business is to design, manufacture (directly or indirectly through manufacturing
subcontractors) and sell medical devices and other products which utilize its proprietary
thermodynamic and/or archiving technology for the processing of biological substances, including
the cryopreservation, thawing, and storage of blood components.

B. Distributor has facilities and experience in the distribution, sale and service of medical
devices in the Territory (defined below), and desires to become the exclusive distributor and an
authorized service provider for the Products (defined below), pursuant to the terms of this
Agreement.

A G R E E M E N T

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:

1. DEFINITIONS. When used herein, capitalized terms shall have the following meanings:

“Affiliate” means, in respect of any specified Person, any other Person which, but only for so long
as such other Person, directly or indirectly, controls, is controlled by, or is under common
control with, such specified Person. The term “control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a
Person, through the ownership of voting securities or other equity interests, and the terms
“controlled” and “common control” have correlative meanings.

“Change of Control” means: (i) the direct or indirect sale or other disposition (in one or more
related transactions to one or more parties) of all or substantially all of the assets of a Party,
or (ii) the direct or indirect transfer of 50% or more of the outstanding voting interest of a
Party, whether in a single transaction or series of related transactions.

“Field of Use” the Field of Use identified for each Product on Exhibit A-1 attached hereto
shall apply to the Territory for such Product, also listed on Exhibit A-1.

“Know-how” means any and all current and future know-how, technical information, technical
knowledge, unpatentable inventions, manufacturing procedures, methods, trade secrets, processes,
formulas, documentation and other tangible or intangible property or rights relating to THERMO’s
products, whether or not capable of precise separate description but which alone, or when
accumulated, gives to the Person acquiring it an ability to study, test, formulate, manufacture,
produce or market something which it otherwise would not have known to study, test, formulate,
manufacture, produce or market in the same or similar way.

“Person” means any natural person or any corporation, partnership, limited liability company,
business association, joint venture or other entity.

“Product” means the devices and parts listed in Exhibit A-1 attached hereto. Products
include the following: (1) the Marrow XpressTM (MXPTM)(“MXP”) device, accessories and consumables for
bone marrow processing, concentration and stem cell harvesting, which consists of a
battery-operated device (“MXP Device”) and a processing bag set (“MXP Disposables”) and GMP
compliance software (Xpress Track) and (2) the Res-QTM (Res-Q60 BMC)(“Res-Q”) device and accessories
for bone marrow processing, concentration and stem cell harvesting, which consists of a processing
tray and centrifuge (“Res-Q System”) and disposable kit (“Res-Q Disposable”), and various
accessories, as further described on Exhibit A-1 attached hereto.

“Territory” means the territory identified for each Product on Exhibit A-1 within any Field
of Use designated for such Product.

“THERMO Marks” means any and all trademarks, trade names, service marks, service names, logos and
similar proprietary rights whether now or in the future owned, controlled or licensed by THERMO and
currently used or to be used in connection with the Products.

“THERMO’s Point of Shipment” as defined in the Uniform Commercial Code refers to THERMO’s
manufacturing facilities.

2. DISTRIBUTION RIGHTS AND OBLIGATIONS.

2.1 Appointment as Exclusive Distributor. THERMO hereby appoints Distributor as an
exclusive THERMO distributor to market, distribute and sell the Product, and parts that are
components thereof, to all existing and potential customers (“Customers”) within the Territory,
subject to compliance with the terms and conditions of this Agreement. Distributor shall use
commercially reasonable efforts, consistent with the commercial efforts that Distributor would use
to market and sell its other products, to market, distribute and sell the Products, consistent with
the terms and conditions of this Agreement. Additionally, Distributor shall service the Products
in the Territory under the terms set forth in this Agreement.

2.1.1 Term of Initial Appointment. Subject to earlier termination or renewal as
provided in Section 12 below, Distributor’s initial appointment shall be for a term of four (4)
years from the date of this Agreement (the “Term”).

2.1.2 Limited License of Intellectual Property. THERMO grants to Distributor a
limited, fully paid, nontransferable, non-sublicensable, non-exclusive license with regard to
THERMO Intellectual Property solely for the purposes of and to the extent necessary for Distributor
to use, market, sell, offer to sell, import, distribute or service the Products manufactured and
supplied by THERMO in the Territory to Customers during the Term of this Agreement.

2.2 Appointment of Sub-Distributors. The Parties agree that Distributor’s rights and
obligations under this Agreement will, subject to terms and limitations contained in this
Agreement, be discharged and administered directly by Distributor and through the use of
contractors, subcontractors, and agents, in a manner substantially similar to the method that
Distributor currently utilizes to operate its existing businesses. Distributor shall remain
responsible to THERMO for any and all acts and omissions of such sub-distributors and agents.
Distributor may use distributors and sub-distributors to sell the Products as of the commencement
of the Term consistent with its current practices; provided that such distributors shall be
monitored and policed by Distributor in order to ensure that they do not violate any rights of
THERMO or terms or conditions of this Agreement.

2.3 Promotion of Product; Advertising.

2.3.1 Promotion. During the Term of this Agreement, Distributor shall use its good
faith commercially reasonable efforts to develop a customer base and market, sell and distribute of
the Product and parts within the Territory. Distributor shall advertise and otherwise promote the
Product and parts in a commercially reasonable manner and furnish appropriate Product information
and promotional materials to its Customers. Distributor shall not sell the Product and parts under
the THERMO Marks and/or other trademarks or trade names by which they are labeled without the prior
written consent of THERMO.

2.3.2 Use of THERMO Marks. Distributor may refer to and advertise itself as an
“Authorized Distributor” and “Authorized Service Provider” of the Product and parts within all or
any portion of the Territory, and may indicate on its stationery, business cards or other printed
materials that it is an “Authorized Distributor” and “Authorized Service Provider” of Product and
parts and, subject to THERMO’s prior written approval, may have THERMO Marks imprinted thereon.

2.4 Forecasting of Products. Distributor shall quarterly provide to THERMO a rolling
quarterly forecast of Distributor’s requirements for the Product for the twelve (12) month period
commencing that quarter. The requirements for the first quarter period of each rolling quarterly
forecast shall constitute a firm and binding Purchase Order for Product, and shall be delivered to
Distributor in full prior to the end of the same quarter. The remaining rolling quarterly forecast
shall constitute non-binding estimates of Product and requirements for the period described;
provided that, the 2nd quarter in any forecast shall be varied by no more that +/- 20% in the
subsequent binding forecast, unless mutually agreed by the parties. The 3rd and 4th quarter of each
forecast are non-binding and may be modified by Distributor at any time in its sole discretion. Any
aggregate increase in firm order quantities over forecasted quantities for a given quarter in
excess of 20% shall be subject to mutual agreement and the capacity constraints of THERMO.

2.5 Translation of Materials. Distributor shall bear the cost and responsibility to
create and maintain all literature required, in all languages required, in order to market, sell,
distribute and service the Product in the Territory, including without limitation all labeling,
package inserts, instruction manuals, registrations, sales literature and other promotional
materials for the Product. Distributor shall transfer to THERMO all rights, title and interest in
the translated and prepared materials. All translated materials must be approved by THERMO prior
to release and distribution. Distributor must attach a written statement with the translated
materials submitted to THERMO for approval certifying that the translation does not misrepresent
the claims of the original English-language material and is an accurate translation.

2.6 Trademark License. In addition, THERMO hereby grants to Distributor the
non-exclusive, royalty-free right and license to use designated THERMO Marks associated with the
Products in connection with the marketing, distribution, sale and post-sale field service,
technical assistance and support of the Product. Distributor agrees not to alter, obliterate,
deface or remove any THERMO Marks displayed on any Product or its packaging, or add any name, brand
or trademark thereto without the prior written consent of THERMO. Notwithstanding the foregoing,
Distributor’s trademarks may be displayed on Product packaging, and the parties shall reasonably
cooperate with one another to ensure that all Product packaging and labeling prepared by THERMO
complies with applicable law. Except as provided in this Agreement, nothing herein shall grant to
Distributor any right, title or interest in the THERMO Marks, which right, title and interest shall
be vested in THERMO. Distributor shall immediately notify THERMO if, during the term of this
Agreement, Distributor becomes aware of any other Person who is using any trademark, trade name,
service mark, service name or logo that is substantially or confusingly similar to those owned or
used by Distributor pursuant to the authority granted by THERMO hereunder.

2.7 Reservation of Title. THERMO reserves to itself and retains all right, title and
interest in and to all Applicable THERMO Technology related to the Products and to any
modifications, enhancements, improvements and upgrades thereto. Distributor may not duplicate,
translate, decompile, reverse engineer or adapt the Product and parts without THERMO’s prior
written consent.

2.8 No Other Rights. Except as expressly provided in this Agreement, no right, title,
or interest is granted by THERMO to Distributor hereunder. THERMO may distribute products other
than the Product within the Territory, either directly or indirectly through distributors, and no
right, title or interest is granted by THERMO to Distributor relating to such product and parts.

3. APPOINTMENT AS SERVICE PROVIDER AND OBLIGATIONS.

3.1 Appointment as Authorized Service provider. THERMO hereby appoints Distributor as
an exclusive service provider to repair and service the Product, and parts that are components
thereof, including warranty service as applicable, to all existing and potential Customers within
the Territory.

3.2 Service Personnel Qualifications, Training, and Availability. Distributor shall
have qualified service personnel that have appropriate experience in the repair and maintenance of
medical equipment. The number of service personnel shall be sufficient to provide service support
to the THERMO customer base in their Territory and should be adjusted as needed to adequately
support the installed base. Primary service personnel must be able to communicate in English in
order to complete Service training as defined in Section 3.3 and for future communications with
THERMO support engineers. Service personnel must be certified by THERMO before they are authorized
to perform service on the Product. Service personnel must pass written examinations provided by
THERMO before they receive their certification. There will be a ninety (90)-day probation period
after certification to review the service program at each new distributor location. Special
training qualification is required in order to perform installation of certain THERMO products.
Service personnel assigned to the support of THERMO Products must be available to provide initial
service contact to customers within twenty four (24) hours for customers with non-operational
equipment. Once an initial assessment has been made, should a product require return to a
manufacture site for repair, Distributor shall provide a loaner or refurbished unit to Customer
within a reasonable time.

3.3 Service Personnel Training. THERMO shall provide service training for
Distributor’s field service personnel to enable Distributor to perform post-sale field service,
technical assistance and support for its Customers, the frequency of such training shall be in the
sole discretion of THERMO, provided, however, that at least one such training session shall be
provided by THERMO within six (6) months of the date of this Agreement. Such training shall be
conducted, at THERMO’s election, at THERMO’s Rancho Cordova, California facilities or at
Distributor’s facilities in Territory. THERMO will provide such training without charge; provided,
however, that Distributor shall bear all out-of-pocket costs incurred in connection with such
training, including travel, airfare and lodging expenses, as well as the reimbursement of such
out-of-pocket expenses reasonably incurred by THERMO to send a training representative to
Distributor’s facilities in Territory. In addition, THERMO will provide Product updates and service
bulletins as they become available in English.

3.4 Facilities and Inventory; Repair and Replacement Parts Stock. Distributor shall
maintain sufficient spare parts, warehousing and distribution facilities and warranty service
centers within the Territory to fulfill adequately the reasonable needs of its Customers for
Product and parts and to service the Products during the life of the Product, including maintaining
an adequate supply of loaner or refurbished units to be used in connection with service repairs in
cases where a unit requires return to a manufacture site for repair.

3.5 Other Information Reporting. Distributor shall provide to THERMO, at
Distributor’s expense and in English, each and every quality and/or service complaint within three
(3) business days after receipt of such complaint by Customer. The complaint reporting form
defined in Exhibit H should be used for reporting the information to THERMO. In addition,
Distributor shall notify THERMO of any “incident” (as defined in Exhibit D) within twenty
(24) hours as outlined in the vigilance procedure attached hereto as Exhibit D. Detailed
information of service performed or actions taken to resolve the reported complaint shall be
communicated to THERMO within three (3) business days after completion of the actions.

3.6 Post-Sale Field Service, Technical Assistance, Support and Warranty Service.
Distributor shall provide to its Customers post-sale field service, technical assistance and
support for Product sold by Distributor in the Territory. All Product parts used by Distributor in
providing service shall be procured from THERMO pursuant to the terms of this Agreement. At the
request of Customers, Distributor shall (a) install and service the Products, (b) perform all
required inspections of installation and required service and preventative maintenance of the
Products, as applicable, (c) timely respond to Customer calls and claims with respect to the
Product, and (d) provide any applicable training for Customers. If, during the Term or any
additional period agreed upon by both parties, Distributor performs any warranty service for its
Customers during the warranty period for any Product, THERMO shall reimburse Distributor for the
costs and expenses reasonably incurred, excluding labor and costs by Distributor in performing such
service, which amount shall not exceed THERMO’s standard reimbursement schedule for such repair or
have been pre-approved by THERMO. The cost of any field service or other support for any Product
performed by Distributor after the expiration of the applicable warranty period for such Product
shall be agreed upon between Distributor and the Customers. Distributor shall document all service
visits and work performed (as defined in Exhibit G) and Distributor shall furnish to THERMO
copies of any written reports prepared by Distributor with respect to warranty repairs made by
Distributor to the Products. Distributor shall contact THERMO regarding return of parts and shall
return all required parts under warranty for analysis within thirty (30) days of repair to THERMO.

4. TERMS OF PURCHASE OF PRODUCT.

4.1 Terms and Conditions. Distributor shall purchase all Products and replacement
Product parts from THERMO, which Products and replacement Product parts shall thereafter be resold
by Distributor to its Customers. All purchases of Product and parts hereunder shall be subject to
the provisions of this Agreement. Unless otherwise agreed in writing, nothing contained in any
purchase order submitted pursuant to this Agreement shall in any way modify or add any provision to
this Agreement. In the event of a conflict between the terms of any purchase order and the
provisions of this Agreement, the provisions of this Agreement shall govern.

4.2 Prices. All prices for Product and parts purchased by Distributor hereunder shall
be Freight on Board (“FOB”), THERMO’s Point of Shipment. The initial price to Distributor for each
Product and part is set forth opposite such Product or part in Exhibit A-2, and such
initial price will remain fixed through the end of THERMO’s fiscal year (ending June 30th).
Thereafter, the purchase price to Distributor for such Product or part may be increased or
decreased by THERMO upon not less than ninety (90) days’ prior written notice to Distributor.

4.3 Certain Taxes. The parties acknowledge that the purchase prices of Product and
parts set forth in Exhibit A-2 do not include any sales, excise, use, value added or other
government taxes or duties that may be applicable to the export, import or purchase of the Product
and parts, including all income and income-based taxes imposed on THERMO under applicable laws in
Territory, which taxes shall be the sole responsibility of and Distributor agrees that it will bear
all such taxes and duties. When THERMO has the legal obligation to collect and/or pay such taxes
or duties, the appropriate amount shall be added to Distributor’s invoice and paid by Distributor
to THERMO, unless Distributor provides THERMO with a valid tax exemption certificate authorized by
the appropriate governmental taxing authority, or provides proof of payment to such authority.

4.4 Order and Acceptance. All orders for Product and parts shall be by means of a
signed written purchase order which shall be submitted to THERMO at THERMO’s address for notice
purposes set forth in Section 14.4, and shall request a delivery date. Orders may be placed by
telephone, facsimile transmission or, upon the parties’ agreement, on THERMO’s Web-Site or by
e-mail; provided, however, that a signed confirming purchase order is received by THERMO ten (10)
business days after such order. THERMO shall notify Distributor in writing within a reasonable
period of time from submission of the purchase order of any rejected order. THERMO shall have no
liability to Distributor with respect to purchase orders that are not accepted.

4.5 Invoicing; Payment. THERMO shall submit an invoice to Distributor with each
shipment of Product and parts ordered by Distributor. Each invoice shall be due and payable in the
manner agreed to by the parties set forth in Exhibit E. All invoices shall be sent to
Distributor’s address for notice purposes set forth in Section 14.4, without regard to the actual
shipping address for the Product and parts. Each such invoice shall state Distributor’s aggregate
and unit purchase price for Product and parts in the relevant shipment, plus any freight, taxes or
other costs incident to the purchase or shipment initially paid by THERMO and to be borne by
Distributor hereunder. Distributor shall make all payments to THERMO under this Agreement in
United States dollars in immediately available funds to a bank account designated by THERMO in such
invoice, or otherwise designated by THERMO in writing. Distributor shall not take any credits or
offsets against amounts billed Distributor by THERMO without THERMO’s prior written consent.

4.6 Letter of Credit (LOC). Within 30 days following the effective date of
Agreement, Distributor shall secure a performance bond or equivalent facility, approved by THERMO,
in an initial amount of $500,000 held at US bank. The LOC shall serve as collateral in the event
the distributor is unable to move funds out of China.

4.7 Shipping; Risk of Loss.

4.7.1 All Product and parts delivered by THERMO pursuant to this Agreement shall be suitably
packed for surface or air shipment, in Distributor’s sole discretion, in THERMO’s standard shipping
cartons, marked for shipment to such location or locations as Distributor may designate, and
delivered to Distributor or its carrier, FOB, THERMO’s Point of Shipment. Risk of loss of Product
and parts shall pass to Distributor upon delivery to the carrier at the FOB point of shipment.

4.7.2 THERMO shall ship all Product and parts in accordance with Distributor’s delivery
instructions specified in Distributor’s purchase orders; provided, however, that if Distributor
does not provide delivery instructions with respect to the carrier to be used, THERMO may use its
customary carrier. Partial shipments are allowed. All freight, insurance and other shipping
expenses, as well as any special packing expenses, shall be paid by Distributor. Distributor shall
also bear all applicable taxes and duties that may be assessed against the Product and parts after
delivery to the carrier FOB, THERMO’s Point of Shipment.

4.7.3 THERMO shall use its good faith efforts to ship the Products within a reasonable amount
of time after receipt and acceptance of Distributor’s purchase order for the Product, consistent
with THERMO’s shipping procedures in place from time to time. All shipments of Product and parts
shall be deemed to conform to the relevant purchase order unless THERMO receives from Distributor,
no later than fifteen (15) days after the receiving date of a given shipment, written notice
specifying the shipment, the purchase order number and the exact nature of the discrepancy between
the shipment and the order.

5. WARRANTIES; REMEDIES FOR NON-CONFORMING PRODUCT.

5.1 Standard Warranty. THERMO’s standard warranty is attached hereto as Exhibit
C.

5.2 Customer Warranties. Distributor shall pass on to their Customers the Product
warranties set forth in Section 5.1, a copy of which Product warranty will be included in THERMO’s
packaging of the Product and parts.

5.3 Return Materials Procedure. There are no rights of return for cash. Product
returns are allowed under THERMO’s warranty program. All Product returns must be approved by THERMO
and assigned a Return Material Authorization (“RMA”) number. To obtain an RMA number prior to
return, the Distributor shall notify THERMO of the description of the Product, quantity, reason for
return, serial number of device and date of purchase of Product to be returned. All Product returns
from Distributor shall be sent directly to THERMO, insured by Distributor. The RMA number shall be
prominently displayed on the outside of the shipping box and the Products shall be packaged to
protect them from shipping damage. Repair for costs of damage due to improper packaging will be
the responsibility of the Distributor.

6. ADDITIONAL OBLIGATIONS OF DISTRIBUTOR.

6.1 Compliance with Laws. Distributor shall comply in all material respects with the
laws and regulations (including, without limitation, health and safety regulations) applicable to
the marketing, distribution, sale and service of Product and parts within the Territory.
Distributor shall monitor the appropriate information sources in the Territory for material changes
in such laws and regulations relating to the distribution of Product and parts within the Territory
and notify THERMO in writing of all such material changes. The Distributor shall track customer
shipment by lot and/or serial number to assist THERMO in performing any field corrective actions.

6.2 Registrations and Clinical Studies. As required from time to time under the laws
of any province or state within the Territory, Distributor shall, apply for and use its
commercially reasonable efforts to obtain in THERMO’s name all approvals, registrations, licenses
and permits that are required to market, distribute, sell and service the Product and parts within
such Territory. Distributor shall be responsible for interacting with the Special Food and Drug
Administration in the Territory and facilitating registration of the Product and any test centers
for the Product in the Territory in THEMO’s name. THERMO shall be responsible for all costs
associated with the registration filing and associated testing. Distributor shall furnish to
THERMO copies of all applications, and all registrations, licenses and permits obtained therefrom,
for the Product. Distributor shall be responsible, at its sole cost and expense, for sponsoring
and supporting any clinical trials or studies useful to (i) expedite market adoption of the Product
in the Territory, (ii) establish equivalence with standards of care and competitive systems or
technology, and (ii) establish the safety and efficacy of the Products.

6.3 U.S. Export Controls. Distributor understands and acknowledges that THERMO is
subject to regulation by agencies of the United States Government, including, without limitation,
the United States Department of Commerce and the U.S. Food and Drug Administration, which prohibit
export or diversion of certain products and technology to certain countries. Any and all
obligations of THERMO to provide the Product, documentation, or any media in which any of the
foregoing is contained, as well as any other technical assistance shall be subject in all respects
to such United States laws and regulations as shall from time to time govern the license and
delivery of technology and products abroad by Persons subject to the jurisdiction of the United
States, including the Export Administration Act of 1979, as amended, any successor legislation, and
the Export Administration Regulations issued by the Department of Commerce, Bureau of Export
Administration. Distributor agrees to cooperate with THERMO, including, without limitation,
providing required documentation, in order to obtain export licenses or exemptions therefrom.

6.4 Customer Notification. THERMO will be responsible for initiating product recalls.
Distributor shall be responsible for notifying Customers of Product and part recalls. Distributor
shall submit a written report to THERMO of the recall status of the Products or parts.

6.5 Customer Database. Distributor shall provide a customer database within six (6)
months of execution of this contract and update once per year to include Customer name, contact,
address, e-mail, phone number and purchase history.

6.6 Sales, Support and Service Metrics. Distributor shall achieve annual sales,
customer support and technical service operating metrics as set forth on Exhibit F and
adjusted from time to time by the JOC (See Section 8. Joint Operating Committee).

6.7 Regulatory Relationships. Distributor shall maintain appropriate relationships
with Ministries of Health and regulatory agencies within the Territory.

6.8 Training Requirements. Distributor shall provide sales and service training, to
be determined by the JOC, to all members of the general and special sales and technical service
organizations involved in selling or servicing Products.

6.9 Sell Through Reports. Distributor shall provide ThermoGenesis monthly
sell-through shipment quantities to end customers and sub-distributors on a monthly basis.

6.10 No Conflicting Commitments. Distributor shall not enter into any third party
commitments or contracts with end-user customers for THERMO Product sales or service and repair
that supersedes or conflicts with the terms and conditions of this Agreement.

7. OBLIGATIONS OF THERMO.

7.1 Compliance with Laws. THERMO shall comply in all material respects with all laws
and regulations within the United States applicable to the manufacture, labeling, packaging and
sale of the Product and parts. THERMO shall supply only products which have CE Mark.

7.2 Support. THERMO shall provide consultation to Distributor concerning technical
aspects and use of the Product from time to time as reasonably requested by Distributor. Post
warranty technical support and service assistance shall be provided to Distributor as described in
Exhibit B, attached and incorporated herein.

7.3 Scientific and Technical Information. THERMO shall provide to Distributor
scientific and technical information available to THERMO and required for distribution to obtain
any registrations, licenses and permits required for the sale and distribution of the Product
within the Territory, or to respond to inquiries from Customers, or governmental or regulatory
authorities.

7.4 Product Training. THERMO shall provide Product training for Distributor’s product
managers and field application specialists on an as-needed basis to enable Distributor to promote
the sale of Product and parts and to perform post-sale field service, customer training, technical
assistance and support for its Customers. Such Product training shall be conducted, at THERMO’s
election, at THERMO’s Rancho Cordova, California facilities or at Distributor’s facilities in
Territory, and will be free of charge, provided, however, that Distributor shall be responsible for
all out-of-pocket expenses incurred in connection with such Product training, including travel,
airfare and lodging expenses incurred by Distributor’s personnel while attending such training in
California. In the case that THERMO provides training at Distributor’s facilities in Territory at
Distributor’s request, Distributor will be responsible for all costs incurred in connection with
such training (to be charged on a day-by-day basis), and including the reimbursement of
out-of-pocket expenses reasonably incurred by THERMO in sending a training representative to the
Distributor’s facilities in Territory. In addition, THERMO will provide Product updates and service
bulletins as they become available.

7.5 Information Reporting. THERMO shall provide to Distributor, at THERMO’s expense,
(i) information regarding any discovered defects in the Product and parts, or any malfunction or
deterioration in the performance of the Product and parts, and (ii) any inadequacy in the labeling
or the instructions for use. Distributor is responsible for disseminating the information to
customers and service representatives as appropriate.

7.6 Registrations, Licenses and Patents. During the term of this Agreement, THERMO
shall, as necessary to support approval, registration and licensing of the Products by Distributor
in the Territory: (a) maintain all current regulatory files, registrations and licenses for
Products outside of the Territory and (b) maintain and pay the associated filing and maintenance
fees for all patents owned by THERMO.

7.7 Responsible Person. Distributor shall notify the competent authorities in
Territory that it has been designated as the person responsible for the marketing and distribution
of the Product within the Territory, and Distributor’s address for notice purposes in Section 14.4
shall be the registered place of business for such purposes.

8. JOINT OPERATING COMMITTEE

8.1 Upon the Effective Date, THERMO and Distributor shall establish a joint operating
committee (“JOC”). The JOC shall be comprised of 2 members appointed by THERMO and 2 members
appointed by Distributor. The JOC shall have the duties and responsibilities set forth in this
Section.

8.2 The JOC shall discuss and work to reach consensus on the management and administration of
the responsibilities and obligations of the Parties under the Agreement. If the JOC is unable to
reach consensus on a matter, the issue shall be resolved by the senior most executives of the
Parties responsible for the division administering the Agreement. If such senior executives cannot
reach consensus and resolution, the Parties shall continue to comply with the express terms of the
Agreement, and each Party shall have the right to decide how to proceed within each Party’s
respective area of responsibility.

8.3 The JOC will meet face to face no less than quarterly to review, among other things, sales
performance, progress on sales metrics, the operating plan and budget, on hand inventory levels,
customer usage information, and make such adjustments and changes as are agreed to by the Parties.

8.4 THERMO reserves the right to work with the Distributor six (6) months after the date of
this Agreement, to mutually agree upon what minimum requirements will be placed on the Distributor
to be set forth in Exhibit F. Thereafter, THERMO retains the right to reevaluate the
minimum requirements and mutually determine with Distributor new minimum requirements by amending
Exhibit F once per year (or at such greater frequency as the parties mutually agree).

8.5 Attached as Exhibit K is an outline of the current three (3) phased approach and forecast
for the sales and marketing of the Products in the Territory.  The JOC shall further refine and
expand this outline into a multi-phased, targeted sales and marketing plan for the Territory.

9. DEVELOPMENT OF THE BONE MARROW CHANNEL

9.1 Distributor shall utilize sufficient resources to commercialize and support the Products. 
Distributor shall devote sufficient personnel, to be agreed up by the Parties through the JOC, to
develop and manage the bone marrow market and shall hire, train and manage any necessary additional
dedicated marketing, and sales personnel for the bone marrow market.  The approximate number and
type of general and special sales and, marketing resources for each geographic region shall be
defined and agreed upon and reviewed annually by the JOC.

9.2 Distributor shall provide direct end-customer call support involving routine (order entry,
shipping, billing) and advanced (complaint processing, problem investigation, and technical
application) customer service through its customer hotline. Any specialized support requiring
highly specialized product expertise will be directed towards THERMO. For purposes of this Section
9.2, “highly specialized product expertise” shall mean technical product application or scientific
subject matter expertise related to the Product use by customers.

9.3 Distributor shall employ Dr. Daopei Lu to serve as Medical Director. Dr. Lu shall provide
oversight to staff of field-based application support and clinical education services.

10. STOCK GRANTS AND MILESTONES

10.1 Subject to approval by the THERMO Board, concurrent with the execution of this agreement,
and compliance with all applicable laws, THERMO will grant restricted common stock to Distributor
based upon certain performance achievements, as stipulated in Exhibit I. Each award of
stock pursuant to this Section 10.1 shall be conditioned on Distributor (a) executing and
delivering a “Stock Grant Agreement” for the shares in the form attached as Exhibit J, and
(b) being in full compliance with all of the terms and conditions of this Agreement, including,
without limitation, the paying current of all outstanding accounts, prior to or concurrent with
such grant.

10.2 In addition to the stock grant provided pursuant to Section 10.1 above, THERMO will grant
a restricted stock award of one half percent (0.5%) of the total outstanding common shares of the
Company, concurrent with the signing of this Agreement, subject only to Distributor executing and
delivering a Stock Grant Agreement cover such shares. In exchange for this restricted grant,
Distributor shall (i) invest no less than $1Million in each of the first two years of the Term in
Distributor’s distribution and marketing organization, which shall include the establishment of a
corporate administrative office housing 2-3 full time personnel where all administrative activities
(billing, accounting, etc.) will be managed in the Territory, the hiring of appropriate clinical
education and technical support personnel, and the hiring of full time business development
managers in each of the five provinces of the Territory targeted for initial marketing and sales
activities (“Phase I Territories”) to facilitate the effective launch and ongoing sales support of
the Products, and (ii) file for Product registration in each of the five Phase I Provinces.

10.3 Vested stock shall be subject to the same volume limitations on resale as affiliates
under Rule 144 of the U. S. Securities Act of 1933. Attached as Exhibit L is a summary of
the rule’s five (5) conditions.

11. REPRESENTATIONS AND WARRANTIES OF THE PARTIES.

11.1 THERMO. THERMO hereby represents and warrants to Distributor that:

11.1.1 THERMO is a corporation duly incorporated, validly existing and in good standing under
the laws of the State of Delaware, and has all corporate power and authority to own, lease and
operate its properties and to carry on its businesses as it is currently being conducted. THERMO
has all necessary corporate power and authority to enter into this Agreement and to perform its
obligations hereunder. This Agreement has been duly authorized, executed and delivered by THERMO.

11.1.2 The execution, delivery and performance by THERMO of this Agreement and the
consummation of the transactions contemplated hereby do not violate or conflict with the
Certificate of Incorporation or Bylaws of THERMO, any material contract, agreement or instrument to
which THERMO is a party or by which it or its properties are bound, or any judgment, decree, order
or award of any court, governmental body or arbitrator by which THERMO is bound, or any law, rule
or regulation applicable to THERMO.

11.1.3 THERMO is the sole, exclusive and lawful owner of all right, title and interest in and
to the applicable THERMO technology incorporated in the Product (“Applicable THERMO Technology”)
and to the THERMO Marks, free and clear of all liens, claims, security interests or other
restrictions or encumbrances. THERMO has not granted to any other Person any license, franchise or
other rights to acquire, use or exploit the Applicable THERMO Technology within the Territory (or
any portion thereof). THERMO has the right to grant the distribution and other rights to
Distributor hereunder, without the consent of any other Person.

11.2 Distributor. Distributor hereby represents and warrants to THERMO that:

11.2.1 Distributor is a company duly organized and existing under the laws of Territory, and
has all power and authority to own, lease and operate its properties and to carry on its businesses
as currently conducted. Distributor has all necessary power and authority to enter into this
Agreement and to perform its obligations hereunder. This Agreement has been duly authorized,
executed and delivered by Distributor.

11.2.2 The execution, delivery and performance by Distributor of this Agreement and the
consummation of the transactions contemplated hereby do not violate or conflict with the
Certificate of Incorporation or Bylaws of Distributor, any material contract, agreement or
instrument to which Distributor is a party or by which it or its properties are bound, or any
judgment, decree, order or award of any court, governmental body or arbitrator by which Distributor
is bound, or any law, rule or regulation applicable to Distributor.

11.2.3 Distributor and its Affiliates have the distribution facilities and personnel
reasonably necessary to perform its functions and otherwise carry out its obligations under the
terms of this Agreement.

12. TERM AND TERMINATION.

12.1 Term. The term of this Agreement shall commence on the date hereof and shall
continue for four (4) years, unless earlier terminated pursuant to Section 12.2. This Agreement
may be renewed for on additional, successive two (2) year period, unless a Party provides written
notice to the other Party of its desire not to renew the term at least ninety (90) days prior to
expiration of the then current term of this Agreement.

12.2 Termination of Agreement. This Agreement may be terminated as follows:

12.2.1 The parties may terminate this Agreement upon their mutual written agreement.

12.2.2 THERMO may terminate this Agreement upon sixty (60) days written notice if Distributor
breaches any of its material representations, warranties, covenants or obligations under this
Agreement.

12.2.3 Distributor may terminate this Agreement upon sixty (60) days written notice if THERMO
breaches any of its material representations, warranties, covenants or obligations under this
Agreement.

12.2.4 Either Party may terminate immediately this Agreement by written notice to the other
Party upon the occurrence of any of the following events: (i) the other Party is or becomes
insolvent or unable to pay its debts as they become due within the meaning of the United States
Bankruptcy Code (or any successor statute) or any analogous foreign statute; or (ii) the other
Party appoints or has appointed a receiver for all or substantially all of its assets, or makes an
assignment for the benefit of its creditors; or (iii) the other Party files a voluntary petition
under the United States Bankruptcy Code (or any successor statute) or any analogous foreign
statute; or (iv) the other Party has filed against it an involuntary petition under the United
States Bankruptcy Code (or any successor statute) or any analogous foreign statute, and such
petition is not dismissed within ninety (90) days.

12.2.5 THERMO may terminate this Agreement if Distributor fails to purchase minimum
commitments on Exhibit F, and if this issue fails to be resolved in a good faith meeting by
the JOC within a ninety (90)-day period.

12.2.6 THERMO may terminate this Agreement upon not less than one hundred eighty (180) days
prior written notice in the event of a Change of Control of THERMO.

12.2.7 Either Party may terminate immediately this Agreement by written notice to the other
Party upon the verified allegation against or formal charging of the other Party of a criminal or
civil offense.

12.2.8 THERMO may terminate this Agreement during the period between months thirteen (13)
through eighteen (18) of the term, inclusive of such months, upon not less than thirty (30) days
prior written notice in the event that THERMO determines in its sole discretion that sale levels
and market progress under this Agreement are not meeting its expectations, provided that, (a)
THERMO shall pay to Distributor a termination fee in the amount of One Million Dollars ($1,000,000)
upon the effectiveness of such termination and (b) THERMO shall remove any restrictions and
legends from the shares granted to Distributor under Sections 10.1 and 10.2, subject to the
requirements of Rule 144 of the U.S. Securities Act of 1933. 

12.3 Effect of Termination.

12.3.1 The expiration or earlier termination of this Agreement shall not relieve any party of
any of its rights or liabilities arising prior to or upon such expiration or earlier termination.

12.3.2 Within ten (10) business days following the effective date of the expiration or earlier
termination of this Agreement, Distributor shall provide to THERMO a complete inventory of Product
and parts in Distributor’s possession, in transit between Distributor’s authorized locations or in
transit to Distributor from THERMO or otherwise in Distributor’s control. THERMO may inspect
Distributor’s Product inventory and audit Distributor’s records in the manner provided herein
above.

12.3.3 Notwithstanding the expiration or earlier termination of this Agreement, Distributor
may continue to market, distribute and sell Product and parts within the Territory after the
expiration or earlier termination of this Agreement until the earlier of (i) the date that
Distributor has sold all of its Product inventory existing as of the effective date of expiration
or earlier termination and (ii) the six (6)-month anniversary of the effective date of expiration
or earlier termination.

12.3.4 Notwithstanding Section 12.3.3, upon the expiration or earlier termination of this
Agreement, Distributor may not enter into any new service contracts as an authorized service
provider; provided, however, that Distributor may continue to provide service and repairs under
existing service contracts through the then current terms of such contracts. Distributor may not
renew such existing contracts, and upon the expiration of the then current term shall transfer each
such contract to THERMO. Additionally, Distributor shall not be reimbursed for warranty work
performed after the expiration or termination of this Agreement unless pre-approved by THERMO.
THERMO and Distributor shall work together and perform further actions as needed to transition all
aspects of Product service to THERMO so that Customers’ service and warranty needs are met after
the expiration or termination of this Agreement.

12.4 Return of Marketing Materials. Distributor shall return to THERMO all
promotional materials for Product and parts previously furnished by THERMO and in Distributor’s
possession at the time that Distributor is no longer entitled to distribute and sell any Product
and parts hereunder and at this time Distributor shall no longer use the designations “Authorized
Distributor” and “Authorized Service Provider” in connection with THERMO’s Products on its business
cards, stationery and other printed materials.

12.5 Force Majeure. Neither party shall be liable to the other party for
non-performance of or delay in performing its obligations hereunder to the extent that performance
is rendered impossible by strike, riot, war, acts of God, earthquake, fire, flood, governmental
acts or orders or restrictions, failure of suppliers, or any other reason to the extent that the
failure to perform is beyond the reasonable control of the non-performing party.

13. CONFIDENTIALITY.

13.1 Confidentiality. Each party acknowledges that, in the course of performing its
duties and obligations under this Agreement, certain information that is confidential or
proprietary to such party (“Confidential Information”) will be furnished by the other party or such
other party’s representatives. Each party agrees that any Confidential Information furnished by
the other party or such other party’s representatives will not be used by it or its representatives
except in connection with, and for the purposes of, the promotion, marketing, distribution and sale
of Product and parts under this Agreement and, except as provided herein, will not be disclosed by
it or its representatives without the prior written consent of the other party. Notwithstanding
the foregoing, the parties agree that all Confidential Information shall be clearly marked
“CONFIDENTIAL” or, if furnished in oral form, shall be stated to be confidential by the party
disclosing such information at the time of such disclosure and reduced to a writing by the party
disclosing such information which is furnished to the other party or such other party’s
representatives within forty-five (45) days after such disclosure.

13.2 Exceptions. The confidentiality obligations of each party under Section 13.1 do
not extend to any Confidential Information furnished by the other party or such other party’s
representatives that (i) is or becomes generally available to the public other than as a result of
a disclosure by such party or its representatives, (ii) was available to such party or its
representatives on a non-confidential basis prior to its disclosure thereto by the other party or
such other party’s representatives, (iii) was independently developed without the use of the other
party’s Confidential Information by representatives of such party who did not have access to the
other party’s Confidential Information, as established by contemporaneous written records, or (iv)
becomes available to such party or its representatives on an non-confidential basis from a source
other than the other party or such other party’s representatives; provided, however, that such
source is not bound by a confidentiality agreement with the other party or such other party’s
representatives.

13.3 Authorized Disclosure. Notwithstanding any other provision of this Agreement,
each Party may disclose Confidential Information of the other Party: (i) to the extent required to
comply with applicable legal requirements including as part of regular securities law reporting
requirements and/or in accordance with securities regulatory authority or securities exchange
rules, demands and/or practice; (ii) to the extent and to the persons and entities required by
rules of the National Association of Securities Dealers; provided, however, that the responding
Party shall first have given prompt notice to the other Party hereto to enable it to seek any
available exemptions from or limitations on such disclosure requirement and shall reasonably
cooperate in such efforts by the other Party; or (iii) as necessary to file or prosecute patent
applications, prosecute or defend litigation or otherwise establish rights or enforce obligations
under this Agreement, but only to the extent that any such disclosure is necessary.

13.4 Compelled Disclosure. In the event that either party or its representatives are
requested or become legally compelled (by oral questions, interrogatories, requests for information
or document subpoena, civil investigative demand or similar process) to disclose any Confidential
Information furnished by the other party or such other party’s representatives or the fact that
such Confidential Information has been made available to it, such party agrees that it or its
representatives, as the case may be, will provide the other party with prompt written notice of
such request(s) so that the other party may seek a protective order or other appropriate remedy
and/or waive compliance with the provisions of this Agreement. In the event that such protective
order or other remedy is not obtained, or that the other party waives compliance with the
provisions of this Agreement, such party agrees that it will furnish only that portion of such
Confidential Information that is legally required and will exercise its best efforts to obtain
reliable assurance that confidential treatment will be accorded to that portion of such
Confidential Information and other information being disclosed.

13.5 Ownership of Confidential Information. The party disclosing or otherwise
furnishing Confidential Information to the other party will retain the exclusive ownership of all
right, title and interest in and to such Confidential Information.

13.6 Survival. The obligations of the parties under this Section 13 shall survive the
expiration or earlier termination of this Agreement for a period of three (3) years.

14. GENERAL PROVISIONS.

14.1 Independent Contractors. The relationship of THERMO and Distributor established
by this Agreement is that of independent contractors, and nothing shall be deemed to create or
imply any employer/employee, principal/agent, partner/partner or co-venturer relationship, or that
the parties are participants in a common undertaking. Neither party may direct or control the
activities of the other party or incur or assume any obligation on behalf of the other party or
bind such other party to any obligation for any purpose whatsoever.

14.2 Governing Law. This Agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in
accordance with the laws of the State of California, without reference to rules of conflicts or
choice of laws. Any dispute or issue arising hereunder, including any alleged breach by
Distributor, not resolved pursuant to Section 14.13 shall be heard, determined and resolved by an
action commenced in the federal or state courts in Sacramento, California, which the parties hereby
agree shall have the exclusive jurisdiction over the issues and the parties. Distributor hereby
agrees to submit itself to the jurisdiction of the federal and state courts in Sacramento,
California and waives the right to make any objections based on the exclusive jurisdiction or venue
in such courts. The California courts shall have the right to grant all relief to which each party
is or shall be entitled hereunder, including all equitable relief as the Court may deem
appropriate. Distributor hereby consents to service of process by registered mail.

14.3 Entire Agreement. This Agreement, including the Exhibits, sets forth the entire
agreement and understanding of the parties relating to the subject matter hereof and supersedes all
prior oral and written, and all contemporary oral, negotiations, agreements and understandings with
respect to the same.

14.4 Notices. All notices, requests, claims, demands and other communications
hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon
receipt) by delivery in person, by cable, telegram, facsimile or telex, or by registered or
certified mail (postage prepaid, return receipt requested), to the other party at the following
address (or at such other address for which such party gives notice hereunder):

If to Distributor:

NANSHAN MEMORIAL MEDICAL INSTITUTE

26-08 Copley Ct

Free Hold, NJ 07728

Attn: Daniel Lu

Telephone: (917) 816-0777

Facsimile:       

If to THERMO:

THERMOGENESIS CORP.

2711 Citrus Road

Rancho Cordova, CA 95742

Attention: Harold J. Baker

Vice President, Commercial Operations

Telephone: (916) 858-5100

Facsimile: (916) 858-5199

14.5 Assignment and Binding Effect. Except as otherwise provided in this Agreement,
neither Party may, directly or indirectly, assign its rights or delegate its duties under this
Agreement without the prior written consent of the other Party; provided that THERMO may assign
this Agreement to an Affiliate, to a successor to all or substantially all of the business or
assets of THERMO, or in connection with a Change of Control. No permitted assignment of rights or
delegation of duties under this Agreement shall relieve the assigning or delegating party of its
liabilities hereunder. For purposes of this Agreement, either Party shall be deemed to have
assigned this Agreement in the event of a Change of Control with respect to such Party. Subject to
the foregoing, this Agreement is binding upon, and inures to the benefit of, the parties and their
respective successors and permitted assigns.

14.6 Partial Invalidity. If any provision of this Agreement is held to be invalid by
a court of competent jurisdiction, then the remaining provisions shall remain, nevertheless, in
full force and effect. The parties agree to renegotiate in good faith any term held invalid and to
be bound by the mutually agreed substitute provision in order to give the most approximate effect
intended by the parties.

14.7 No Waiver; Amendment. No waiver of any term or condition of this Agreement shall
be valid or binding on any party unless agreed to in writing by the party to be charged. The
failure of either party to enforce at any time any of the provisions of the Agreement, or the
failure to require at any time performance by the other party of any of the provisions of this
Agreement, shall in no way be construed to be a present or future waiver of such provisions, nor in
any way affect the validity of either party to enforce each and every such provision thereafter.
This Agreement may not be amended or modified except by the written agreement of the parties other
than the amendment of Exhibit(s) A-2 and F, which may be modified by THERMO on the
intervals provided in this agreement.

14.8 Counterparts. This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original and all of which, taken together, shall constitute one
instrument.

14.9 Consent Not Unreasonably Withheld. No party given the right to approve or
consent to any matter shall unreasonably withhold, condition or delay its approval or consent. The
failure to respond in writing within any specified time period shall be deemed unconditioned
approval of or consent to the relevant matter, provided that the party requesting such approval or
consent gives written notice requesting a response at least two (2) business days prior to the
expiration of the specified time period, if any.

14.10 Construction; Interpretation. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. Any section, recital, exhibit, schedule and party references are to this Agreement
unless otherwise stated. No party, nor its counsel, shall be deemed the drafter of this Agreement
for purposes of construing the provisions of this Agreement, and all provisions of this Agreement
shall be construed in accordance with their fair meaning, and not strictly for or against any
party.

14.11 Further Assurances. Each party agrees to cooperate fully with the other and
execute such instruments, documents and agreements and take such further actions to carry out the
intents and purposes of this Agreement.

14.12 Press Releases and Announcements. Except as may be contemplated hereunder,
neither party may issue any press release or make any public announcement concerning the
transactions contemplated by this Agreement without the prior consent of the other party, except
for any releases or announcements which may be required by or, in such party’s discretion,
reasonably necessary under applicable law, in which case the party proposing to make such release
or announcement will allow the other party a reasonable opportunity to review and comment on such
release or announcement in advance of such issuance or making.

14.13 Alternative Dispute Resolution.

14.13.1 Any controversy, dispute or claim arising out of or relating to this Agreement (or the
breach hereof) that cannot be resolved by good faith negotiation between or among the parties may
be finally submitted to the American Arbitration Association (“AAA”) for final and binding
arbitration pursuant to the Commercial Arbitration Rules of the AAA. Such arbitration shall be
held in Sacramento, California, before a single arbitrator who shall be a retired federal or
California state judge. The arbitrator may enter a default decision against any party who fails to
participate in the arbitration proceedings. The decision of the arbitrator shall be final,
unappealable and binding, and judgment on the award rendered by the arbitrator may be entered in
any court having jurisdiction thereof. The arbitrator shall be authorized to award any relief,
whether legal or equitable, to the party so entitled to such relief.

14.13.2 In respect of any suit, action or other proceeding relating to the enforcement of any
award rendered by the arbitrator, each party irrevocably submits to the non-exclusive jurisdiction
of any state or federal court located in the City of Sacramento, State of California.

14.13.3 The arbitrator shall be authorized to apportion its fees and expenses and the
reasonable attorney’s fees and expenses of the parties as the arbitrator deems appropriate. In the
absence of any such apportionment, the prevailing party in any arbitration or other proceeding
shall be entitled, in addition to any other rights and remedies it may have, to reimbursement for
its expenses, including court costs and reasonable fees of attorneys and other professionals.

14.13.4 The parties agree that this Section 14.13 has been included to resolve rapidly and
inexpensively any claims or disputes between them with respect to this Agreement, and that this
Section 14.13 shall be grounds for dismissal of any action commenced by any party in any court with
respect to any controversy, dispute or claim arising out of or relating to this Agreement (or the
breach hereof).

14.14 Governing Language. The English language version of this Agreement shall control
in any dispute between the parties.

14.15 Distribution of Competitive Products. Distributor agrees not to, directly or
indirectly distribute competitive products of THERMO’s Products as defined in Exhibit A
during the term of Agreement.

IN WITNESS WHEREOF, each of the undersigned has caused this Agreement to be duly executed.

THERMOGENESIS CORP.,

By: /s/ Matthew T. Plavan

Matthew T. Plavan

CFO & EVP, Business Development

Date: November 3, 2010

By: /s/ Harold J. Baker

Harold J. Baker

VP of Commercial Operations

Date: November 3, 2010

NANSHAN MEMORIAL MEDICAL INSTITUTE

By: /s/ Daniel Lu

Daniel Lu

President

Date: November 3, 2010

1

EXHIBIT I

STOCK GRANT MILESTONES

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Shares issued	 	 
	 	 	Cumulative purchase over	 	Incremental	 	 	 	 	 	for	 	Cumulative
	Purchase	 	the	 	purchases	 	Share	 	incremental	 	shares
	band	 	term of the contract	 	per band	 	factor	 	purchases	 	issued
	 	 	From	 	To	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1

	 	$	—	 	 	$	3,000,000	 	 	$	3,000,000	 	 	 	0.0500	 	 	 	150,000	 	 	 	150,000	 
	2

	 	$	3,000,001	 	 	$	7,000,000	 	 	$	3,999,999	 	 	 	0.0300	 	 	 	120,000	 	 	 	270,000	 
	3

	 	$	7,000,001	 	 	$	13,000,000	 	 	$	5,999,999	 	 	 	0.0214	 	 	 	128,400	 	 	 	398,400	 
	4

	 	$	13,000,001	 	 	$	21,000,000	 	 	$	7,999,999	 	 	 	0.0167	 	 	 	133,600	 	 	 	532,000	 
	5

	 	$	21,000,001	 	 	$	31,000,000	 	 	$	9,999,999	 	 	 	0.0136	 	 	 	136,000	 	 	 	668,000	 
	6

	 	$	31,000,001	 	 	$	43,000,000	 	 	$	11,999,999	 	 	 	0.0115	 	 	 	138,000	 	 	 	806,000	 

Note: Shares to be issued at each quarter end. Number of shares to be issued equals Share
Factor times the incremental purchases from the relevant cumulative purchases band above.

For purposes of clarity, here is an example calculation using the above table:

As of the end of the second year of the agreement, assume NMMI has purchased a total of $7,000,000
of product from TG. That means NMMI would have been issued a total of 270,000 shares of common
stock as an incentive award, per Purchase Band #2 above. Assume further, in the first quarter of
the third year NMMI purchases an incremental $500,000 of product. Given that NMMI’s cumulative
Purchases are now $7,500,000, the third Purchase band above is now applicable to the $500,000 of
incremental purchases. Therefore, as of the end of the quarter, $500,000 x .0214 = 10,700 shares
are to be issued for that quarter’s performance.

2EX-10.1

SEPARATION AGREEMENT

AND RELEASE OF ALL CLAIMS

NOTICE: READ BEFORE YOU SIGN!

This agreement contains a RELEASE. We advise that you consult an ATTORNEY.

THIS SEPARATION AGREEMENT AND RELEASE OF ALL CLAIMS (“Agreement”) is made and entered
into by and between Mark R. Baker (“Employee”) and The Scotts Company LLC (“Company”) and shall be
fully effective upon execution by both parties (the “Effective Date”);

WHEREAS, Employee will cease to be employed on October 28, 2010 (the “Termination Date”) and
the provisions of this Agreement relating to Employee’s resignations will be effective immediately
upon his execution of this Agreement;

WHEREAS, Employee and Company wish to enter into an agreement, superseding all prior
agreements, providing for an orderly separation of Employee’s employment with Company and any/all
other positions held with the Board and/or the Company’s affiliates, and providing for severance
pay and additional consideration for Employee to which Employee is not otherwise entitled;

NOW THEREFORE, in exchange for and in consideration of the promises and covenants contained
herein, along with other good and valuable consideration, the receipt of which is expressly
acknowledged hereby, the parties agree as follows:

	1.	 	Prior Employment Agreement. Employee acknowledges that the parties are parties to an
Employment Agreement dated October 1, 2008, including any and all amendments and attachments
to same (the “Prior Employment Agreement”). This Agreement supersedes the Prior Employment
Agreement and any and all other agreements, with the following exceptions:

	 	(A)	 	Except as provided in Section 1(B), Employee remains bound by the
obligations referenced in Article 10 of the Prior Employment Agreement, including but
not limited to the “Employee Confidentiality, Noncompetition, Nonsolicitation
Agreement” that Employee signed on September 29, 2008 and all supplemental Lists of
Competitors incorporated into this agreement.

	 	(B)	 	The Parties agree that the Company will not enforce the provisions of Section
5(a) or 5(b) of the Employee Confidentiality, Noncompetition, Nonsolicitation
Agreement against the Employee if Employee is offered and accepts employment as
President, Chief Operating Officer and/or Chief Executive Officer of Lowes Companies,
Inc., The Home Depot, Inc. or Wal-Mart Stores, Inc. All other provisions of the
Confidentiality, Noncompetition, Nonsolicitation Agreement, including without
limitation the provisions relating to Confidential Information, Intellectual Property,
and Non-solicitation, remain in full force and effect.

	 	(C)	 	All written award agreements other than the specific award agreement
referenced in Section 4 and the modifications noted in Section 4.

	2.	 	Benefits pursuant to the Prior Employment Agreement. Employee acknowledges and
agrees that his separation from employment is a voluntary resignation and is without “Good
Reason,” as defined in the Prior Employment Agreement. Immediately upon execution of this
Agreement by Employee, Employee acknowledges his resignation of employment with the Company,
the Board of Directors and any other positions he may hold with the Company and any of the
Company’s affiliates. Specifically, Employee’s act of signing this Agreement is an effective
tender of his resignation as a member of the Board to the Chairman of the Board of Directors
for the Scotts-Miracle Gro Company; an effective resignation from his current position as
President and Chief Operating Officer of the Company; and an effective resignation from any
other offices, directorships or committee memberships he may hold with the Company or any of
its subsidiaries or affiliates. Such resignations shall be effective as of the Termination
Date.

	3.	 	Severance Benefits. As consideration for the promises exchanged in this Agreement,
the Company agrees to provide Employee with the following Severance Benefits:

	 	(A)	 	Cash Severance. Company will provide Employee with Severance Pay in
the gross amount of five million and twenty-five thousand dollars and no cents
($5,025,000.00) in a lump sum payment, which is in excess of any amounts to which
Employee is entitled absent this Agreement. Such payment will be made within thirty
days of the Effective Date. The Severance Benefits shall be subject to withholding
and deductions required by federal, state, and local taxing authorities. Except as
specifically provided in this Agreement, the Severance Benefits described in this
Agreement shall be the only amounts paid by or on behalf of the Company and no
interest on this amount shall be paid. Employee acknowledges the receipt of all wages
and other compensation or benefits to which Employee is entitled as a result of
Employee’s employment with Company through the Termination Date other than the vested
benefits payable pursuant to the terms of employee benefits and similar plans
maintained by the Company or its affiliates; and,

	 	(B)	 	Accelerated Vesting. As further consideration for the promises
exchanged in this Agreement, the Company agrees to modify the vesting schedules for
the stock option awards granted to Employee dated October 8, 2008. Specifically,
Employee was awarded 103,700 stock options pursuant to a Nonqualified Stock Option
Award Agreement dated October 8, 2008 (the “Stock Options”). The Stock Options
contained a normal vesting date of September 30, 2011. The parties hereby agree that
the vesting date for the Stock Options will be changed to October 28, 2010 and will
remain exercisable as provided under the original award agreement.

	4.	 	Acknowledgment of Insider Trading Policy. Employee acknowledges that he remains
bound by the Company’s Insider Trading Policy and will exercise the options described in
Section 4 in a manner consistent with his obligations to the Company under this policy.

	5.	 	Release of Claims. Employee, on behalf of Employee and Employee’s spouse, personal
representatives, administrators, minor children, heirs, assigns, wards, agents, and all other
persons claiming by or through Employee, does hereby forever release and discharge Company and
its respective officers, directors, shareholders, agents, employees, affiliates, subsidiaries,
divisions, predecessors, successors, and assigns (the “Released Parties”) from any and all
charges, claims, demands, judgments, causes of action, damages, expenses, costs, and
liabilities of any kind whatsoever. Employee expressly acknowledges that the claims released
by this Section include all rights and claims relating to Employee’s employment with Company
and the termination thereof, including without limitation any claims Employee may have under
the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as
amended, the Equal Pay Act, the Americans with Disabilities Act, the Employee Retirement
Income Security Act of 1974 (ERISA), the Worker Adjustment Retraining and Notification (WARN)
Act, Ohio Revised Code Chapter 4112, Family and Medical Leave Act and any other federal,
state, or local laws or regulations governing employment relationships. This release
specifically and without limitation includes a release and waiver of any claims for employment
discrimination, wrongful discharge, breach of contract, or promissory estoppel, and extends to
all claims of every nature and kind, whether known or unknown, suspected or unsuspected,
presently existing or resulting from or attributable to any act or omission of the Released
Parties occurring prior to the execution of this Agreement. The release contained herein does
not apply to any claim or to rights or claims first arising after the Effective Date of this
Agreement, does not apply to any claims for unemployment compensation or workers compensation
benefits, and does not apply to any rights that Employee has as a terminated employee pursuant
to the Company’s employee benefit plans (as defined in section 3(3) of ERISA).

	6.	 	Right to Participate in Charge. Nothing in this Agreement shall be construed to
mean that Employee may not file a charge with a governmental agency, or participate in any
investigation of a charge conducted by any governmental agency. Employee nevertheless
understands and agrees that because of the waiver and release, he freely provides by signing
this Agreement, he cannot obtain any monetary relief or recovery from the Released Parties in
any proceeding.

	7.	 	Knowing and Voluntary Act. Employee acknowledges and agrees that the release set
forth above is a general release. Employee, having been encouraged to and having had the
opportunity to be advised by counsel, expressly waives all claims for damages which exist as
of this date, but of which Employee does not now know or suspect to exist, whether through
ignorance, oversight, error, negligence, or otherwise, and which, if known would materially
affect Employee’s decision to enter into this Agreement. Employee further agrees that
Employee accepts the Severance Benefits as a complete compromise of matters involving disputed
issues of law and fact and assumes the risk that the facts and law may be other than Employee
believes. Employee further acknowledges and agrees that all the terms of this Agreement shall
be in all respects effective and not subject to termination or rescission by reason of any
such differences in the facts or law, and that Employee provides this release voluntarily and
with full knowledge and understanding of the terms hereof. Acknowledging the
complexities of this agreement, the tax implications of the terms and the implication of the
agreement on the Employee’s future conduct with respect to the exercise and vesting of options
and trading opportunities, Employee acknowledges and agrees that the Company has specifically
advised him to seek legal counsel and that he had ample opportunity to consult with an
attorney before entering into this Agreement.

	8.	 	Non-disparagement. Employee agrees that Employee will not make any statement,
whether oral or written, to any third party that Employee could reasonably foresee would cause
harm to the personal or professional reputation of the Released Parties. The Company agrees
that it will not make any statement, whether oral or written, to any third party that the
Company could reasonably foresee would cause harm to the personal or professional reputation
of the Employee. In the event that the Employee is asked about the reason for his termination
from employment with the Company, he will say “I resigned to pursue other opportunities,” or
words to that effect. The Company agrees that in the event it is asked about the reason for
Employee’s termination from employment, it will respond that “in light of Mr. Hagedorn’s
decision to remain CEO, Mark R. Baker has resigned as the Company’s President and Chief
Operating Officer and as a Class III member of the Board of Directors of the Company,
effective October 28, 2010” or words to that effect. For the purposes of this Section alone,
the “Company” shall mean the Company’s executive officers and the Senior Vice President of
Investor Relations and Corporate Affairs.

	9.	 	No Admission of Liability. Neither this Agreement, nor any term contained herein,
may be construed as, or may be used as, an admission on the part of either party of any fault,
wrongdoing, or liability whatsoever.

	10.	 	Survivorship. Should Employee die or become totally disabled following the
Termination Date but before the payments due Employee under Section 1 above have been made,
any remaining payments shall be made to Employee (or Employee’s designated beneficiary, as
applicable).

	11.	 	Return of Property. Employee agrees to return all Company property remaining in
Employee’s possession or control, including without limitation any and all equipment,
documents in whatever form including electronic documents, credit cards, hardware, software,
source code, data, keys or access cards, files, or records on or before the November 8, 2010.
The following sentence notwithstanding, once the Company has copied and deleted all Company
information, software and data from Employee’s lap top computer, iPad and BlackBerry, the
Company shall return those hardware items to Employee for him to keep.

	12.	 	Cooperation with Litigation. In exchange for the consideration paid to the Employee
pursuant to this Agreement, the Employee agrees to cooperate fully with the Company and it
affiliates in any lawsuit filed, or reasonably anticipated to be filed, or any government or
law enforcement investigation concerning matters that occurred during the tenure of Employee’s
employment with the Company which the Company reasonably believes requires the Employee’s
assistance. Employee agrees to provide full and accurate information with respect to the
same. Employee further agrees not to assist any party in maintaining any lawsuit against the
Company, any of its affiliates, or any of their officers, directors or employees and not to
provide any information to anyone concerning any of these parties, unless compelled to do so
by valid subpoena or other court order, and in such case only after first notifying the
Company sufficiently in advance of complying with such subpoena or court order to reasonably
allow the Company an opportunity to object to same. Should the Company, including the Board
of Directors, and any Company affiliates require Employee’s cooperation pursuant to this
Section 12, Employee shall be reimbursed for reasonable travel expenses and other reasonable
out of pocket expenses incurred in complying with this Section. Otherwise, the Employee
agrees that this Agreement includes sufficient consideration for the Employee’s compliance
with this Section.

	13.	 	Choice of Law. The validity, construction and interpretation of this Agreement shall
be governed by the laws of the State of Ohio.

	14.	 	Execution in Parts. This Agreement may be executed in multiple counterparts, each of
which shall constitute an original, and all of which shall constitute a single Agreement.

	15.	 	No Waiver of Terms. Failure to insist upon strict compliance with any of the terms,
covenants, or conditions of this Agreement shall not be deemed a waiver of any such term,
covenant, or condition, nor shall any failure at any one time or more times be deemed a waiver
or relinquishment at any other time or times of any right under this Agreement.

	16.	 	Modifications. No modification or amendment of this Agreement shall be effective
unless the same is in a writing duly executed by all the parties hereto.

	17.	 	Assignment. Company may assign, in whole or in part, its rights and obligations
under this Agreement, and the rights of Company hereunder shall inure to the benefit of, and
the obligations of Company hereunder shall be binding upon, its successors and assigns.
Employee’s rights and obligations hereunder may not be assigned.

	18.	 	Entire Agreement. Except as otherwise set forth herein, this Agreement sets forth
the entire Agreement between Company and Employee and supersedes and replaces any and all
prior or contemporaneous representations or agreements, whether oral or written, relating to
the subject matter hereof.

	19.	 	Method of Acceptance. To accept, Employee must sign this Agreement. Employee shall
deliver a signed and dated copy hereof to Denise Stump in Company’s Human Resources
Department, 14111 Scottslawn Road, Marysville, Ohio 43041.

IN WITNESS WHEREOF, EACH OF THE UNDERSIGNED, HAVING RECEIVED ALL THE ADVICE DEEMED
NECESSARY, AND HAVING CAREFULLY READ AND UNDERSTOOD THIS AGREEMENT, DOES HEREBY
SIGN AND ACCEPT THIS AGREEMENT AS OF THE DATE SET FORTH BELOW.

	 	 	 
	10/28/10
	 	/s/ Mark R. Baker

	 
	 	 

	Date
	 	Mark R. Baker

	11/3/10
	 	THE SCOTTS COMPANY LLC

	 
	 	

	Date
	 	

By: /s/ Denise S. Stump

	 	 	 

	 	 	Its: Executive Vice President,

Global Human Resources

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