Document:

<PAGE>

                                                                    EXHIBIT 10.1

                          CHANGE IN CONTROL AGREEMENT
                          ---------------------------

March 1, 2000

Mr. Fariborz Boor Boor
Route 1, Box 164A
Grasston, MN 55030

Dear Mr. Boor Boor:

You are presently the Vice President and COO of Jer-Neen Manufacturing Co.,
Inc., a Minnesota corporation. an Affiliate of Bio-Vascular, Inc., a Minnesota
corporation (the "Company"). The Company considers the establishment and
maintenance of a sound and vital management to be essential to protecting and
enhancing the best interests of the Company and its shareholders. In this
connection, the Company recognizes that, as is the case with many publicly held
corporations, the possibility of a Change in Control may arise and that such
possibility and the uncertainty and questions which it may raise among
management may result in the departure or distraction of management personnel to
the detriment of the Company and its shareholders.

Accordingly, the Board has determined that appropriate steps should be taken to
minimize the risk that Company management will depart prior to a Change in
Control, thereby leaving the Company without adequate management personnel
during such a critical period, and that appropriate steps also be taken to
reinforce and encourage the continued attention and dedication of members of the
Company's management to their assigned duties without distraction in
circumstances arising from the possibility of a Change in Control. In
particular, the Board believes it important, should the Company or its
shareholders receive a proposal for transfer of control, that you be able to
continue your management responsibilities without being influenced by the
uncertainties of your own personal situation.

The Board recognizes that continuance of your position with the Company involves
a substantial commitment to the Company in terms of your personal life and
professional career and the possibility of foregoing present and future career
opportunities, for which the Company receives substantial benefits. Therefore,
to induce you to remain in the employ of the Company, this Agreement, which has
been approved by the Board, sets forth the benefits which the Company agrees
will be provided to you in the event your employment with the Company is
terminated in connection with a Change in Control under the circumstances
described below.

The following terms will have the meaning set forth below unless the context
clearly requires otherwise. Terms defined elsewhere in this Agreement will have
the same meaning throughout this Agreement.

                                  ARTICLE I.
                                  DEFINITIONS
                                  -----------

1.   "Affiliate" means (i) any corporation at least a majority of whose
      ---------
     outstanding securities ordinarily having the right to vote at elections of
     directors is owned directly or indirectly by the Company or (ii) any other
     form of business entity in which the Company, by virtue of a
<PAGE>

Mr. Fariborz Boor Boor
Page 2

     direct or indirect ownership interest, has the right to elect a majority of
     the members of such entity's governing body.

2.   "Agreement" means this letter agreement as amended, extended or renewed
      ---------
     from time to time in accordance with its terms.

3.   "Board" means the board of directors of the Company duly qualified and
      -----
     acting at the time in question.  On and after the date of a Change in
     Control, any duty of the Board in connection with this Agreement is
     nondelegable and any attempt by the Board to delegate any such duty is
     ineffective.

4.   "Cause" means:
      -----

     a.   your gross misconduct;

     b.   your willful and continued failure to perform substantially your
          duties with the Company (other than any such failure (1) resulting
          from your Disability or incapacity due to bodily injury or physical or
          mental illness or (2) relating to changes in your duties after a
          Change in Control which constitute Good Reason) after a demand for
          substantial performance is delivered to you by the chair of the Board
          which specifically identifies the manner in which you have not
          substantially performed your duties and provides for a reasonable
          period of time within which you may take corrective actions; or

     c.   your conviction (including a plea of nolo contendere) of willfully
          engaging in illegal conduct constituting a felony or gross misdemeanor
          under federal or state law which is materially and demonstrably
          injurious to the Company or which impairs your ability to perform
          substantially your duties for the Company.

     An act or failure to act will be considered "gross" or "willful" for this
     purpose only if done, or omitted to be done, by you in bad faith and
     without reasonable belief that it was in, or not opposed to, the best
     interests of the Company. Any act, or failure to act, based upon authority
     given pursuant to a resolution duly adopted by the Company's board of
     directors (or a committee thereof) or based upon the advice of counsel for
     the Company will be conclusively presumed to be done, or omitted to be
     done, by you in good faith and in the best interests of the Company. It is
     also expressly understood that your attention to matters not directly
     related to the business of the Company will not provide a basis for
     termination for Cause so long as the Board did not expressly disapprove in
     writing of your engagement in such activities either before or within a
     reasonable period of time after the Board knew or could reasonably have
     known that you engaged in those activities. Notwithstanding the foregoing,
     you may not be terminated for Cause unless and until there has been
     delivered to you a copy of a resolution duly adopted by the affirmative
     vote of not less than a majority of the entire membership of the Board at a
     meeting of the Board called and held for the purpose (after reasonable
     notice to you and an opportunity for you, together with your counsel, to be
     heard before the Board), finding that in the good faith opinion of the
     Board you were guilty of the conduct set forth above in clauses a., b. or
     c. of this definition and specifying the particulars thereof in detail.
<PAGE>

Mr. Fariborz Boor Boor
Page 3

5.   "Change in Control" means any of the following:
      -----------------

     a.   the sale, lease, exchange or other transfer, directly or indirectly,
          of all or substantially all of the assets of the Company in one
          transaction or in a series of related transactions, to any Person;

     b.   the approval by the shareholders of the Company of any plan or
          proposal for the liquidation or dissolution of the Company, as the
          case may be;

     c.   any Person is or becomes the "beneficial owner" (as defined in Rule
          13d-3 under the Exchange Act), directly or indirectly, of (1) 20
          percent or more, but not more than 50 percent, of the combined voting
          power of the outstanding securities of the Company ordinarily having
          the right to vote at elections of directors, unless the transaction
          resulting in such ownership has been approved in advance by the
          "continuity directors" or (2) more than 50 percent of the combined
          voting power of the outstanding securities of the Company ordinarily
          having the right to vote at elections of directors (regardless of any
          approval by the continuity directors);

     d.   a merger or consolidation to which the Company is a party if the
          shareholders of the Company immediately prior to the effective date of
          such merger or consolidation have, solely on account of ownership of
          securities of the Company at such time, "beneficial ownership" (as
          defined in Rule 13d-3 under the Exchange Act) immediately following
          the effective date of such merger or consolidation of securities of
          the surviving company representing (1) 50 percent or more, but not
          more than 80 percent, of the combined voting power of the surviving
          corporation's then outstanding securities ordinarily having the right
          to vote at elections of directors, unless such merger or consolidation
          has been approved in advance by the continuity directors, or (2) less
          than 50 percent of the combined voting power of the surviving
          corporation's then outstanding securities ordinarily having the right
          to vote at elections of directors (regardless of any approval by the
          continuity directors);

     e.   the continuity directors cease for any reason to constitute at least a
          majority the Board; or

     f.   a change in control of a nature that is determined by outside legal
          counsel to the Company, in a written opinion specifically referencing
          this provision of the Agreement, to be required to be reported
          (assuming such event has not been "previously reported") pursuant to
          section 13 or 15(d) of the Exchange Act, whether or not the Company is
          then subject to such reporting requirement, as of the effective date
          of such change in control.

     For purposes of this Section 1(e), a "continuity director" means any
     individual who is a member of the Board on March 1, 2000, while he or she
     is a member of the Board, and any individual who subsequently becomes a
     member of the Board whose election or nomination for election by the
     Company's shareholders was approved by a vote of at least a majority of the
     directors who are continuity directors (either by a specific vote or by
     approval of the proxy statement of the Company in which such individual is
     named as a nominee for director without objection to such nomination).

<PAGE>

Mr. Fariborz Boor Boor
Page 4

6.   "Code" means the Internal Revenue Code of 1986, as amended.  Any reference
      ----
     to a specific provision of the Code includes a reference to such provision
     as it may be amended from time to time and to any successor provision.

7.   "Company" means Bio-Vascular, Inc. and/or any Affiliate.
      -------

8.   "Confidential Information" means information which is proprietary to the
      ------------------------
     Company or proprietary to others and entrusted to the Company, whether or
     not trade secrets. It includes information relating to business plans and
     to business as conducted or anticipated to be conducted, and to past or
     current or anticipated products or services.  It also includes, without
     limitation, information concerning research, development, purchasing,
     accounting, marketing and selling.  All information which you have a
     reasonable basis to consider confidential is Confidential Information,
     whether or not originated by you and without regard to the manner in which
     you obtain access to that and any other proprietary information.

9.   "Date of Termination" following a Change in Control (or prior to a Change
      -------------------
     in Control if your termination was either a condition of the Change in
     Control or was at the request or insistence of any Person related to the
     Change in Control) means:

     a.   if your employment is to be terminated for Disability, 30 days after
          Notice of Termination is given (provided that you have not returned to
          the performance of your duties on a full-time basis during such 30-day
          period);

     b.   if your employment is to be terminated by the Company for Cause or by
          you for Good Reason, the date specified in the Notice of Termination,
          which date may not be less than 30 days or more than 60 days after the
          date on which the Notice of Termination is given unless you and the
          Company otherwise expressly agree;

     c.   if your employment is to be terminated by the Company for any reason
          other than Cause, Disability, death or Retirement, the date specified
          in the Notice of Termination, which in no event may be a date earlier
          than 90 days after the date on which a Notice of Termination is given,
          unless an earlier date has been expressly agreed to by you in writing
          either in advance of, or after; receiving such Notice of Termination;
          or

     d.   if your employment is terminated by reason of death or Retirement, the
          date of death or Retirement, respectively.

     In the case of termination by the Company of your employment for Cause, if
     you have not previously expressly agreed in writing to the termination,
     then within 30 days after receipt by you of the Notice of Termination with
     respect thereto, you may notify the Company that a dispute exists
     concerning the termination, in which event the Date of Termination will be
     the date set either by mutual written agreement of the parties or by the
     judge or arbitrators in a proceeding as provided in Section 13 of this
     Agreement. During the pendency of any such dispute, you will continue to
     make yourself available to provide services to the Company and the Company
     will continue to pay you your full compensation and benefits in effect
     immediately prior to the date on which the Notice of Termination is given
     (without regard to any changes to such compensation or benefits which
     constitute Good Reason) and until the dispute is resolved in accordance
     with Section 13 of this Agreement. You will be
<PAGE>

Mr. Fariborz Boor Boor
Page 5

     entitled to retain the full amount of any such compensation and benefits
     without regard to the resolution of the dispute unless the judge or
     arbitrators decide(s) that your claim of a dispute was frivolous or
     advanced by you in bad faith.

10.  "Disability" means a disability as defined in the Company's long-term
      ----------
     disability plan as in effect immediately prior to the Change in Control or;
     in the absence of such a plan, means permanent and total disability as
     defined in section 22(e)(3) of the Code.

11.  "Exchange Act" means the Securities Exchange Act of 1934, as amended.  Any
      ------------
     reference to a specific provision of the Exchange Act or to any rule or
     regulation thereunder includes a reference to such provision as it may be
     amended from time to time and to any successor provision.

12.  "Good Reason" means:
      -----------

     a.   change in your status, position(s), duties or responsibilities as an
          executive of the Company as in effect immediately prior to the Change
          in Control which, in your reasonable judgment, is an adverse change
          (other than, if applicable, any such change directly attributable to
          the fact that the Company is no longer publicly owned) except in
          connection with the termination of your employment for Cause,
          Disability or Retirement or as a result of your death or by you other
          than for Good Reason;

     b.   a reduction by the Company in your base salary (or an adverse change
          in the form or timing of the payment thereof) as in effect immediately
          prior to the Change in Control or as thereafter increased;

     c.   the failure by the Company to continue in effect any Plan in which you
          (and/or your family) are eligible to participate at any time during
          the 90-day period immediately preceding the Change in Control (or
          Plans providing you (and/or your family) with at least substantially
          similar benefits) other than as a result of the normal expiration of
          any such Plan in accordance with its terms as in effect immediately
          prior to the 90-day period immediately preceding the time of the
          Change in Control, or the taking of any action, or the failure to act,
          by the Company which would adversely affect your (and/or your
          family's) continued eligibility to participate in any of such Plans on
          at least as favorable a basis to you (and/or your family) as is the
          case on the date of the Change in Control or which would materially
          reduce your (and/or your family's) benefits in the future under any of
          such Plans or deprive you (and/or your family) of any material benefit
          enjoyed by you (and/or your family) at the time of the Change in
          Control;

     d.   the Company's requiring you to be based more than 30 miles from where
          your office is located immediately prior to the Change in Control,
          except for required travel on the Company's business, and then only to
          the extent substantially consistent with the business travel
          obligations which you undertook on behalf of the Company during the
          90-day period immediately preceding the Change in Control (without
          regard to travel related to or in anticipation of the Change in
          Control);

     e.   the failure by the Company to obtain from any Successor the assent to
          this Agreement contemplated by Section 6 of this Agreement;
<PAGE>

Mr. Fariborz Boor Boor
Page 6

     f.   any purported termination by the Company of your employment which is
          not properly effected pursuant to a Notice of Termination and pursuant
          to any other requirements of this Agreement, and for purposes of this
          Agreement, no such purported termination will be effective;

     g.   any refusal by the Company to continue to allow you to attend to
          matters or engage in activities not directly related to the business
          of the Company which, at any time prior to the Change in Control, you
          were not expressly prohibited in writing by the Board from attending
          to or engaging in; or

     h.   your termination of your employment with the Company for any reason
          other than death, Disability or Retirement during the twelfth (12th)
          month following the month in which a Change in Control occurs.

13.  "Highest Monthly Compensation" means one-twelfth of the highest amount of
      ----------------------------
     your compensation for any 12 consecutive calendar-month period during the
     36 consecutive calendar-month period prior to the month that includes the
     Date of Termination.  For purposes of this definition, "compensation" means
     the amount reportable by the Company, for federal income tax purposes, as
     wages paid to you by the Company, increased by the amount of contributions
     made by the Company with respect to you under any qualified cash or
     deferred arrangement or cafeteria plan that is not then includable in your
     income by reason of the operation of section 402(a)(8) or section 125 of
     the Code, and increased further by any other compensation deferred for any
     reason.

14.  "Notice of Termination" means a written notice given on or after the date
      ---------------------
     of a Change in Control (unless your termination before the date of the
     Change in Control was either a condition of the Change in Control or was at
     the request or insistence of any Person related to the Change in Control)
     which indicates the specific termination provision in this Agreement
     pursuant to which the notice is given.  Any purported termination by the
     Company or by you for Good Reason on or after the date of a Change in
     Control (or before the date of a Change in Control if your termination was
     either a condition of the Change in Control or was at the request or
     insistence of any Person related to the Change in Control) must be
     communicated by written Notice of Termination to be effective; provided,
     that your failure to provide Notice of Termination will not limit any of
     your rights under this Agreement except to the extent the Company
     demonstrates that it suffered material actual damages by reason of such
     failure.

15.  "Person" means any individual, corporation, partnership, group, association
      ------
     or other "person," as such term is used in section 14(d) of the Exchange
     Act, other than the Company, any Affiliate or any employee benefit plan(s)
     sponsored by the Company or an Affiliate.

16.  "Plan" means any compensation plan, program, policy or agreement (such as a
      ----
     stock option, restricted stock plan or other equity-based plan), any bonus
     or incentive compensation plan, program, policy or agreement, any employee
     benefit plan, program, policy or agreement (such as a thrift, pension,
     profit sharing, medical, dental, disability, accident, life insurance,
     relocation, salary continuation, expense reimbursements, vacation, fringe
     benefits, office and support staff plan or policy) or any other plan,
     program, policy or agreement of the Company intended to benefit employees
     (and/or their families) generally, management employees (and/or their
     families) as a group or you (and/or your family) in particular.
<PAGE>

Mr. Fariborz Boor Boor
Page 7

17.  "Retirement" means termination of employment on or after the day on which
      ----------
     you attain the age of 65.

18.  "Successor" means any Person that succeeds to, or has the practical ability
      ---------
     to control (either immediately or solely with the passage of time), the
     Company's business directly, by merger, consolidation or other form of
     business combination, or indirectly, by purchase of the Company's
     outstanding securities ordinarily having the right to vote at the election
     of directors or, all or substantially all of its assets or otherwise.

                                  ARTICLE II.
                               TERM OF AGREEMENT
                               -----------------

This Agreement is effective immediately and will continue in effect until March
1, 2001; provided, however; that commencing on March 1, 2001 and each March 1
thereafter, the term of this Agreement will automatically be extended for 12
additional months beyond the expiration date otherwise then in effect, unless at
least 90 calendar days prior to any such March 1, the Company or you has given
notice that this Agreement will not be extended; and, provided, further; that if
a Change in Control has occurred during the term of this Agreement, this
Agreement will continue in effect beyond the termination date then in effect for
a period of 12 months following the month during which the Change in Control
occurs or, if later, until the date on which the Company's obligations to you
arising under or in connection with this Agreement have been satisfied in full.

                                 ARTICLE III.
                          CHANGE IN CONTROL BENEFITS
                          --------------------------

1.   Benefits upon a Change in Control Termination.  You will become entitled to
     ---------------------------------------------
     the payments and benefits described in clauses (a) and (b) of this Article
     III., subject to the limitations described in clause (c) of this Article
     III., and to the benefit of the provisions described in clause (d), if and
     only if (i) your employment with the Company is terminated for any reason
     other than death, Cause, Disability or Retirement, or if you terminate your
     employment with the Company for Good Reason; and (ii) the termination
     occurs either within the period beginning on the date of a Change in
     Control and ending on the last day of the twelfth month that begins after
     the month during which the Change in Control occurs or prior to a Change in
     Control if your termination was either a condition of the Change in Control
     or was at the request or insistence of a Person related to the Change in
     Control.

     a.   Cash Payment.  Within five business days following the Date of
          ------------
          Termination or, if later, within five business days following the date
          of the Change in Control, the Company will make a lump-sum cash
          payment to you in an amount equal to the product of (i) your Highest
          Monthly Compensation multiplied by (ii) 36.

     b.   Welfare Plans. The Company will maintain in full force and effect, for
          -------------
          the continued benefit of you and your dependents for a period
          terminating 36 months after the Date of Termination, all insured and
          self-insured employee welfare benefit Plans (including, without
          limitation, medical, life, dental, vision and disability plans) in
          which you were eligible to participate at any time during the 90-day
          period immediately preceding the Change in Control, provided that your
          continued participation is possible under the general terms and
          provisions of such Plans and any applicable funding media and without
          regard to any discretionary amendments
<PAGE>

Mr. Fariborz Boor Boor
Page 8

          to such Plans by the Company following the Change in Control (or prior
          to the Change in Control if amended as a condition or at the request
          or insistence of a Person (other than the Company) related to the
          Change in Control) and provided that you continue to pay an amount
          equal to your regular contribution under such Plans for such
          participation (based upon your level of benefits and employment status
          most favorable to you at any time during the 90-day period immediately
          preceding the Change in Control). The continuation period under
          federal and state continuation laws, to the extent applicable, will
          begin to run from the date on which coverage pursuant to this clause
          (b) ends. If, at the end of the 36-month period, you have not
          previously received or are not then receiving equivalent benefits from
          a new employer (including coverage for any pre-existing conditions),
          the Company will arrange, at its sole cost and expense, to enable you
          to convert your and your dependents' coverage under such Plans to
          individual policies or programs upon the same terms as executives of
          the Company may apply for such conversions. In the event that your or
          your dependents' participation in any such Plan is barred, the
          Company, at its sole cost and expense, will arrange to have issued for
          the benefit of you and your dependents individual policies of
          insurance providing benefits substantially similar (on a federal,
          state and local income and employment after-tax basis) to those which
          you otherwise would have been entitled to receive under such Plans
          pursuant to this clause (b) or; if such insurance is not available at
          a reasonable cost to the Company, the Company will otherwise provide
          you and your dependents equivalent benefits (on a federal, state and
          local income and employment after-tax basis). You will not be required
          to pay any premiums or other charges in an amount greater than that
          which you would have paid in order to participate in such Plans.

     c.   Limitation on Payments and Benefits.  Notwithstanding anything in this
          -----------------------------------
          Agreement to the contrary, if any of the payments or benefits to be
          made or provided in connection with this Agreement, together with any
          other payments, benefits or awards which you have the right to receive
          from the Company, or any corporation which is a member of an
          "affiliated group" (as defined in section 1504(a) of the Code without
          regard to section 1504(b) of the Code) of which the Company is a
          member ("Affiliate"), constitute an "excess parachute payment" (as
          defined in section 280G(b) of the Code), such payments, benefits or
          awards to be made or provided in connection with this Agreement, or
          any other agreement between you and the Company or its Affiliates, may
          be reduced, eliminated, modified or waived to the extent necessary to
          prevent all, or any portion, of such payments, benefits or awards from
          becoming "excess parachute payments" and therefore subject to the
          excise tax imposed under section 4999 of the Code.  You will have the
          sole right and discretion to determine whether the payments, benefits
          or awards to be made or provided in connection with this Agreement, or
          any other agreement between you and the Company, should be reduced,
          whether or not such other agreement with the Company or an Affiliate
          expressly addresses the potential application of Sections 280G or 4999
          of the Code (including, without limitation, that "payments" under such
          agreement be reduced).  You will also have the right to designate the
          particular payments, benefits or awards that are to be reduced,
          eliminated, modified or waived; provided that no such adjustment will
          be made if it results in additional expense to the Company in excess
          of expenses the Company would have experienced if no adjustment had
          been made.  The determination as to whether any such decrease in the
          payments or benefits is necessary must be made in good faith by legal
          counsel or a certified public accountant selected by you and
          reasonably acceptable to the
<PAGE>

Mr. Fariborz Boor Boor
Page 9

          Company, and such determination will be conclusive and binding upon
          you and the Company. The Company will pay or reimburse you on demand
          for the reasonable fees, costs and expenses of the counsel or
          accountant selected to make the determinations under this clause (c).

2.   Disposition.  If, on or after the date of a Change in Control, an Affiliate
     -----------
     is sold, merged, transferred or in any other manner or for any other reason
     ceases to be an Affiliate or all or any portion of the business or assets
     of an Affiliate are sold, transferred or otherwise disposed of and the
     acquiror is not the Company or an Affiliate (a "Disposition"), and you
     remain or become employed by the acquiror or an affiliate of the acquiror
     (as defined in this Agreement but substituting "acquiror" for "Company") in
     connection with the Disposition, you will be deemed to have terminated
     employment on the effective date of the Disposition for purposes of this
     section unless (a) the acquiror and its affiliates jointly and severally
     expressly assume and agree, in a manner that is enforceable by you, to
     perform the obligations of this Agreement to the same extent that the
     Company would be required to perform if the Disposition had not occurred
     and (b) the Successor guarantees, in a manner that is enforceable by you,
     payment and performance by the acquiror.

                                  ARTICLE IV.
                                INDEMNIFICATION
                                ---------------

Following a Change in Control, the Company will indemnify and advance expenses
to you to the full extent permitted by law and the Company's articles of
incorporation and bylaws for damages, costs and expenses (including, without
limitation, judgments, fines, penalties, settlements and reasonable fees and
expenses of your counsel) incurred in connection with all matters, events and
transactions relating to your service to or status with the Company or any other
corporation, employee benefit plan or other entity with whom you served at the
request of the Company.

                                  ARTICLE V.
                                CONFIDENTIALITY
                                ---------------

You will not use, other than in connection with your employment with the
Company, or disclose any Confidential Information to any person not employed by
the Company or not authorized by the Company to receive such Confidential
Information, without the prior written consent of the Company; and you will use
reasonable and prudent care to safeguard and protect and prevent the
unauthorized disclosure of Confidential Information. Nothing in this Agreement
will prevent you from using, disclosing or authorizing the disclosure of any
Confidential Information: (a) which is or hereafter becomes part of the public
domain or otherwise becomes generally available to the public through no fault
of yours; (b) to the extent and upon the terms and conditions that the Company
may have previously made the Confidential Information available to certain
persons; or (c) to the extent that you are required to disclose such
Confidential Information by law or judicial or administrative process.

                                  ARTICLE VI.
                                  SUCCESSORS
                                  ----------

The Company will seek to have any Successor, by agreement in form and substance
satisfactory to you, assent to the fulfillment by the Company of the Company's
obligations under this Agreement. Failure of the Company to obtain such assent
at least three business days prior to the time a Person
<PAGE>

Mr. Fariborz Boor Boor
Page 10

becomes a Successor (or where the Company does not have at least three business
days' advance notice that a Person may become a Successor, within one business
day after having notice that such Person may become or has become a Successor)
will constitute Good Reason for termination by you of your employment. The date
on which any such succession becomes effective will be deemed the Date of
Termination and Notice of Termination will be deemed to have been given on that
date. A Successor has no rights, authority or power with respect to this
Agreement prior to a Change in Control.

                                 ARTICLE VII.
                               OTHER PROVISIONS
                               ----------------

1.   Fees and Expenses.  The Company, upon demand, will pay or reimburse you for
     -----------------
     all reasonable legal fees, court costs, experts' fees and related costs and
     expenses incurred by you in connection with any actual, threatened or
     contemplated litigation or legal, administrative, arbitration or other
     proceeding relating to this Agreement to which you are or reasonably expect
     to become a party, whether or not initiated by you, including, without
     limitation:  (a) all such fees and expenses, if any, incurred in contesting
     or disputing any such termination; or (b) your seeking to obtain or enforce
     any right or benefit provided by this Agreement; provided, however; you
     will be required to repay (without interest) any such amounts to the
     Company to the extent that a court issues a final and non-appealable order
     setting forth the determination that the position taken by you was
     frivolous or advanced by you in bad faith.

2.   Binding Agreement.  This Agreement inures to the benefit of, and is
     -----------------
     enforceable by, you, your personal and legal representatives, executors,
     administrators, successors, heirs, distributees, devisees and legatees. If
     you die while any amount would still be payable to you under this Agreement
     if you had continued to live, all such amounts, unless otherwise provided
     in this Agreement, will be paid in accordance with the terms of this
     Agreement to your devisee, legatee or other designee or; if there be no
     such designee, to your estate.

3.   No Mitigation.  You will not be required to mitigate the amount of any
     -------------
     payments or benefits the Company becomes obligated to make or provide to
     you in connection with this Agreement by seeking other employment or
     otherwise. The payments or benefits to be made or provided to you in
     connection with this Agreement may not be reduced, offset or subject to
     recovery by the Company by any payments or benefits you may receive from
     other employment or otherwise.

4.   No Setoff.  The Company has no right to setoff payments or benefits owed to
     ---------
     you under this Agreement against amounts owed or claimed to be owed by you
     to the Company under this Agreement or otherwise.

5.   Taxes.  All payments and benefits to be made or provided to you in
     -----
     connection with this Agreement will be subject to required withholding of
     federal, state and local income, excise and employment-related taxes.

6.   Notices.  For the purposes of this Agreement, notices and all other
     -------
     communications provided for in, or required under, this Agreement must be
     in writing and will be deemed to have been duly given when personally
     delivered or when mailed by United States registered or certified mail,
     return receipt requested, postage prepaid and addressed to each party's
     respective address set forth on the first page of this Agreement (provided
     that all notices to
<PAGE>

Mr. Fariborz Boor Boor
Page 11

     the Company must be directed to the attention of the chair of the Board),
     or to such other address as either party may have furnished to the other in
     writing in accordance with these provisions, except that notice of change
     of address will be effective only upon receipt.

7.   Disputes.  If you so elect, any dispute, controversy or claim arising under
     --------
     or in connection with this Agreement will be settled exclusively by binding
     arbitration administered by the American Arbitration Association in
     Minneapolis, Minnesota in accordance with the Commercial Arbitration Rules
     of the American Arbitration Association then in effect. Judgment may be
     entered on the arbitrator's award in any court having jurisdiction;
     provided, that you may seek specific performance of your right to receive
     payment or benefits until the Date of Termination during the pendency of
     any dispute or controversy arising under or in connection with this
     Agreement. The Company will be entitled to seek an injunction or
     restraining order in a court of competent jurisdiction (within or without
     the State of Minnesota) to enforce the provisions of Section 5 of this
     Agreement.

8.   Jurisdiction.  Except as specifically provided otherwise in this Agreement,
     ------------
     the parties agree that any action or proceeding arising under or in
     connection with this Agreement must be brought in a court of competent
     jurisdiction in the State of Minnesota, and hereby consent to the exclusive
     jurisdiction of said courts for this purpose and agree not to assert that
     such courts are an inconvenient forum.

9.   Related Agreements.  To the extent that any provision of any other Plan or
     ------------------
     agreement between the Company and you limits, qualifies or is inconsistent
     with any provision of this Agreement, then for purposes of this Agreement,
     while such other Plan or agreement remains in force, the provision of this
     Agreement will control and such provision of such other Plan or agreement
     will be deemed to have been superseded, and to be of no force or effect, as
     if such other agreement had been formally amended to the extent necessary
     to accomplish such purpose. Nothing in this Agreement prevents or limits
     your continuing or future participation in any Plan provided by the Company
     and for which you may qualify, and nothing in this Agreement limits or
     otherwise affects the rights you may have under any Plans or other
     agreements with the Company. Amounts which are vested benefits or which you
     are otherwise entitled to receive under any Plan or other agreement with
     the Company at or subsequent to the Date of Termination will be payable in
     accordance with such Plan or other agreement.

10.  No Employment or Service Contract.  Nothing in this Agreement is intended
     ---------------------------------
     to provide you with any right to continue in the employ of the Company for
     any period of specific duration or interfere with or otherwise restrict in
     any way your rights or the rights of the Company, which rights are hereby
     expressly reserved by each, to terminate your employment at any time for
     any reason or no reason whatsoever, with or without cause.

11.  Funding and Payment.  Benefits payable under this Agreement will be paid
     -------------------
     only from the general assets of the Company. No person has any right to or
     interest in any specific assets of the Company by reason of this Agreement.
     To the extent benefits under this Agreement are not paid when due to any
     individual, he or she is a general unsecured creditor of the Company with
     respect to any amounts due. The Company with whom you were employed
     immediately before your Date of Termination has primary responsibility for
     benefits to which you or any other person are entitled pursuant to this
     Agreement but to the extent such Company is unable or unwilling to provide
     such benefits, the Company and each other Affiliate are jointly and
     severally responsible therefor to the extent permitted by applicable
<PAGE>

Mr. Fariborz Boor Boor
Page 12

     law. If you were simultaneously employed by more than one Company
     immediately before your Date of Termination, each such Company has primary
     responsibility for a portion of the benefits to which you or any other
     person are entitled pursuant to this Agreement that bears the same ratio to
     the total benefits to which you or such other person are entitled pursuant
     to this Agreement as your base pay from the Company immediately before your
     Date of Termination bears to your aggregate base pay from all such
     Companies.

12.  Survival.  The respective obligations of, and benefits afforded to, the
     --------
     Company and you which by their express terms or clear intent survive
     termination of your employment with the Company or termination of this
     Agreement, as the case may be, including without limitation the provisions
     of Articles III, IV, V and VI and Sections 1, 4, 5, 6 and 7 of Article VII
     of this Agreement, will survive termination of your employment with the
     Company or termination of this Agreement, as the case may be, and will
     remain in full force and effect according to their terms.

                                 ARTICLE VIII.
                                 MISCELLANEOUS
                                 -------------

1.   Modification and Waiver.  No provision of this Agreement may be modified,
     -----------------------
     waived or discharged unless such modification, waiver or discharge is
     agreed to in a writing signed by you and the chair of the Board. No waiver
     by any party to this Agreement at any time of any breach by another party
     to this Agreement of, or of compliance with, any condition or provision of
     this Agreement to be performed by such party will be deemed a waiver of
     similar or dissimilar provisions or conditions at the same or at any prior
     or subsequent time.

2.   Entire Agreement.  No agreements or representations, oral or otherwise,
     ----------------
     express or implied, with respect to the subject matter to this Agreement
     have been made by any party which are not expressly set forth in this
     Agreement.

3.   Governing Law.  This Agreement and the legal relations among the parties as
     -------------
     to all matters, including, without limitation, matters of validity,
     interpretation, construction, performance and remedies, will be governed by
     and construed exclusively in accordance with the internal laws of the State
     of Minnesota (without regard to the conflict of laws principles of any
     jurisdiction).

4.   Headings.  Headings are for purposes of convenience only and do not
     --------
     constitute a part of this Agreement.

5.   Further Acts.  The parties to this Agreement agree to perform, or cause to
     ------------
     be performed, such further acts and deeds and to execute and deliver or
     cause to be executed and delivered, such additional or supplemental
     documents or instruments as may be reasonably required by the other party
     to carry into effect the intent and purpose of this Agreement.

6.   Severability.  The invalidity or unenforceability of all or any part of any
     ------------
     provision of this Agreement will not affect the validity or enforceability
     of the remainder of such provision or of any other provision of this
     Agreement, which will remain in full force and effect.
<PAGE>

Mr. Fariborz Boor Boor
Page 13

7.   Counterparts.  This Agreement may be executed in several counterparts, each
     ------------
     of which will be deemed to be an original, but all of which together will
     constitute one and the same instrument.

If this letter correctly sets forth our agreement on the subject matter
discussed above, kindly sign and return to the Company the enclosed copy of this
letter which will then constitute our agreement on this subject.

Sincerely,

                                   BIO-VASCULAR, INC.

                                   By: /s/ M. Karen Gilles
                                       -------------------

                                   Name: M. Karen Gilles
                                         -----------------

                                   Title: President & CEO
                                          ----------------

                                   Agreed to this 30th day of March, 2000

                                   /s/ Fariborz Boor Boor
                                   ----------------------
                                   Fariborz Boor BoorEXHIBIT 10.1
                                Salvani Settlement Agreement

                                       35
<PAGE>

                         AMENDED AND RESTATED SETTLEMENT AGREEMENT

      This Amended and Restated  Settlement  Agreement  ("Agreement") is entered
into on this 10th day of March,  2000,  by and  between  Divot Golf  Corporation
("Divot") a Delaware corporation,  and Joseph Salvani,  ("Claimant"), a resident
of the State of New York.

RECITALS

I.    WHEREAS,  Claimant  has a  contractual  claim or  claims  against  Divot
      for  damages stemming  from the  failure of the Divot Board of  Directors
      to timely  issue  common shares of Divot for which the Claimant had paid
      (the "Claim");

II.   WHEREAS,  this  Agreement  is  intended  to  supersede  and render  void
      all  previous discussions and agreements concerning the settlement of the
      Claim;

III.  WHEREAS,  Divot is willing to issue to Claimant  six  million  (6,000,000)
      shares of Divot common stock,  which the parties agree is in excess of the
      amount of shares to which Claimant was  originally  entitled in settlement
      of the Claim,  and  Claimant  is willing to accept  such  common  stock in
      consideration  for  a  complete   discharge  of  Divot  of  any  liability
      associated with the Claim, all in accordance with the terms and conditions
      of this Agreement.

      NOW THEREFORE,  in consideration of the mutual covenants of the parties as
set forth  herein,  and other good and  valuable  consideration,  the receipt of
which is hereby acknowledged, the parties agree as follows:

AGREEMENTS

1.    Issuance of Shares: As soon as practicable following the execution of this
      Agreement,  Divot shall cause 6,000,000  shares of its common stock,  .001
      par  value,  to be issued to  Claimant  in  settlement  of the Claim  (the
      "Settlement  Shares"),  which  represent the shares to which  Claimant was
      entitled to receive.  When so issued, the Settlement Shares shall be fully
      paid and  non-assessable,  and shall be  represented  by a certificate  or
      certificates  in a form  standardized by Divot for  representation  of its
      shares.

2.    Acceptance  of Shares and  Release:  Claimant  shall accept the Settlement
      Shares in full and  complete  satisfaction  of any amounts  collectible by
      Claimant  under the Claim,  and in full settlement of any additional claim
      Claimant may have against Divot as of  the  date  of  this  Agreement,
      even  though  such  additional  claim  may  be unanticipated,  unexpected,
      and  unknown.  In  consideration  of the  issuance of the Settlement
      Shares,   Claimant  shall  release  and  forever   discharge  Divot,  its
      successors,  officers,  administrators,  and  assigns,  from and  against
      any and all claims, charges,  complaints,  demands, actions or causes of
      action of any kind in any forum, which Claimant may have against Divot as
      of the date of this Agreement.

                                       36
<PAGE>

3.    Entire  Agreement:  This  Agreement  constitutes  the  entire  agreement
      between  the parties  hereto,  and  supersedes  and  renders  void all
      prior  and  contemporaneous agreements, arrangements,  negotiations, and
      understandings between the parties hereto relating  to  the  subject
      matter  hereof.   There  are  no  other   understandings,  statements,
      promises or inducements, oral or otherwise, contrary to the terms of this
      Agreement.  No  representations,  warranties,  covenants,  or  conditions,
      express or implied,  whether by statute or  otherwise,  other than as set
      forth  herein have been made by any party hereto..

4.    No Admission of  Liability:  The parties  agree that nothing  contained in
      this Agreement shall constitute or be treated as an admission of liability
      or  wrongdoing  by any  party  or its  heirs,  executors,  administrators,
      attorneys, successors, agents, or assigns.

5.    Confidentiality: Neither the parties to this Agreement nor their attorneys
      shall disclose or publicize, either to the media, the courts, or any other
      third party,  informally  or in any way, the terms of the  settlement  set
      forth herein, unless required by this Agreement or otherwise by law.

6.    Disclaimer:  Each party has: (i) carefully read this Settlement  Agreement
      and  Release,  together  with  the  exhibits  attached  hereto;  (ii)  has
      discussed its legal effects with their respective  attorneys;  (iii) fully
      understands the contents  hereof;  and (iv) executes the same of their own
      free will and accord without duress,  coercion,  or undue influence.  Each
      party agrees that this  Agreement  shall be binding upon their  respective
      successors, heirs, personal representatives, and assigns.

7.    Binding  Agreement:  This Agreement  shall be binding upon and inure to
      the benefit of each of the parties  hereto and their  respective  heirs,
      executors,  administrators, successors,  and assigns.  It shall be
      construed and enforced in accordance with the laws of the State of New
      York.

8.    Counterparts:  This  Agreement  may be executed in one or more
      counterparts,  each of which shall be deemed to be an original,  but all
      of which together  shall  constitute one and the same instrument.

9.    Titles and  Captions:  All article and section  titles or captions in this
      Agreement  are for  convenience  only.  They shall not be deemed a part of
      this Agreement, and in no way define, limit, extend, or describe the scope
      or intent of any of its provisions.  The recital clauses set forth in this
      Agreement  are  hereby  incorporated  into  and  are  made a part  of this
      Agreement.

10.   Amendments:  No  supplement,  modification,  or  amendment  of  any  term,
      provision,  or condition of this Agreement shall be binding or enforceable
      unless executed in writing by the party against whom enforcement is sought
      as to such supplementary or modified or amended term or condition.

                                       37
<PAGE>

11.   Waiver: No waiver of any term, provision,  or condition of this Agreement,
      whether by conduct or otherwise,  in any one or more  instances,  shall be
      deemed to be, or shall constitute, a waiver of any other provision hereof,
      whether or not similar,  nor shall any such waiver constitute a continuing
      waiver, and no waiver shall be binding unless executed by the party making
      such waiver.

12.   Further  Documents:  Each party hereto  further  agrees to execute such
      documents and take such other steps as may be necessary to accomplish the
      purposes herein.

      IN WITNESS  WHEREOF,  the  parties  have  executed  this  Agreement  to be
effective as of the date first set forth above.

DIVOT GOLF CORPORATION              CLAIMANT (Joseph Salvani)

By:   ___________________________         By_______________________

Name:   Joseph R. Cellura

Title:   Chairman and C.E.O.

                                       38
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}]]