Document:

EX-10.27

 Exhibit 10.27 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement
(“Agreement”) is made and entered into between Techne Corporation, a Minnesota corporation (hereinafter “Techne”), and Dr. J. Fernando Bazan (hereinafter “Employee”) (each may be referred to individually as a
“Party” and collectively as the “Parties”). 
 RECITALS 

Whereas, Techne wishes to employ Employee under the terms and conditions set forth in this Agreement, and Employee wishes to accept such
employment under the terms and conditions set forth in this Agreement; 
 NOW, THEREFORE, in consideration of the foregoing and
of the mutual covenants contained herein, Techne and Employee agree as follows: 
 ARTICLE 1. 

TERM OF EMPLOYMENT: DUTIES AND SUPERVISION 
 1.1) Parties. The Parties to this Agreement are Dr. J. Fernando Bazan (“Employee”) and Techne Corporation (“Techne”). As used herein, Techne refers to Techne Corporation
and its subsidiaries including Research and Diagnostic Systems, Inc. (“R&D”), unless specifically provided otherwise. All of the rights and obligations created by this Agreement may be performed by or enforced by or against Techne or
R&D or other appropriate subsidiary. 
 1.2) Employment and Term of Employment. Techne hereby employs Employee and
Employee hereby accepts employment as Chief Technical Officer on the terms and conditions set forth in this Agreement. Employee’s employment hereunder will commence on August 1, 2013 and continue through July 31, 2016 (hereinafter the
“Term”) unless earlier terminated as provided in Article 4 hereof. 
 1.3) Duties and Supervision. 

A. During the term of his employment, Employee agrees to devote his full business and professional time, energy, diligence and best
efforts to the business and affairs of Techne, and to perform such services and duties Employee may from time to time be assigned by Techne, and specifically its Chief Executive Officer. 

B. Employee agrees to be subject to Techne’s control, rules, regulations, policies and programs. Employee further agrees that he will
carry on all correspondence, publicity and advertising in Techne’s name and he shall not enter into any contract on behalf of Techne except as expressly authorized by Techne. 

C. Notwithstanding Sections 1.3(A) and 1.3(B), Techne agrees that Employee may serve as a member of the Board of Directors for for-profit
or nonprofit entities, 

  

 
provided that those entities would not qualify as competitive business under Employee’s separate “Employee Agreement With Respect To Inventions, Proprietary Information, and Unfair
Competition” previously entered into between Techne and Employee as of July 30, 2013 and referred to in Section 3.1 below. 
 ARTICLE 2. 
 COMPENSATION AND BENEFITS 

2.1) Base Salary. During the period of August 1, 2013 through July 31, 2014, Techne will pay Employee as base
compensation for services to be rendered hereunder an annual base salary of Two Hundred, Fifty Thousand and 00/100 Dollars ($250,000.00), to be paid bi-weekly or in accordance with the usual payroll practices of Techne. The base annual salary amount
will be reviewed and adjusted by Techne’s Compensation Committee from time to time but no less than annually in its sole discretion. The base annual salary will be inclusive of all applicable income, Social Security, and other taxes and charges
that are required by law to be withheld by Techne or that are requested to be withheld by Employee. 
 2.2) Incentive Bonus
Plan. During each fiscal year (July 1 – June 30) of the Term of Employee’s employment, Employee shall be eligible to earn a potential cash bonus of up to twenty-five percent (25%) of his base salary and up to fifteen thousand
(15,000) Techne stock options, based on achievement of targets to be established annually by Techne’s Board of Directors or Compensation Committee and subject to determination and approval by the Techne Board of Directors (hereinafter
referred to as the “Incentive Bonus Plan”). After receipt of Techne’s final audit report of the applicable fiscal year, Techne’s Compensation Committee will determine and certify in writing the degree to which the annual targets
have been achieved and calculate Employee’s cash and equity bonus (if any). If earned, any such cash bonus will be paid and any such option will be granted as soon as administratively practicable thereafter, but in no event later than would be
permitted under the short-term deferral period defined by Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”). If earned, such options would vest annually in one-quarter increments beginning on the
grant date. Any options granted under the Incentive Bonus Plan will be non-qualified options, at an exercise price equal to the fair market value of Techne common stock on the date of grant, and will have a seven-year term. 

2.3) Techne Stock Options. In addition to any Techne stock options Employee earns pursuant to the Incentive Bonus Plan, following
commencement of employment under Section 1.2 of this Agreement, Techne will grant Employee a time-vested stock option to purchase an aggregate of ten thousand (10,000) shares of Techne common stock, with a seven-year term and a three-year
vesting schedule. This equity grant award shall be in substantially the form attached as Exhibit A to this Agreement. 
 2.4)
Miscellaneous Benefits. Techne will provide Employee the following additional benefits: 
 A. Reimbursement in accordance
with Techne’s standard reimbursement policies in effect from time to time for ordinary, necessary and reasonable out-of-pocket business expenses incurred by Employee in performing his duties for Techne so long as properly substantiated.

  
 2 

 B. Paid vacation of three (3) weeks per calendar year, prorated for partial years of
service, to be taken at such times as selected by Employee and as approved by the Chief Executive Officer or his designee. Carryover, forfeiture or payout of unused vacation time from period to period or upon termination of employment shall be in
accordance with Techne’s policies that may be in effect from time to time. 
 2.5) Other Employee Compensation and
Benefits. In addition to the compensation and benefits provided to Employee in Sections 2.1 through 2.4 hereof, Employee will be entitled to participate in other employee compensation and benefit plans from time to time established by Techne and
made available generally to all employees to the extent that Employee’s age, tenure and title make him eligible to receive those benefits. Employee will participate in such compensation and benefit plans on an appropriate and comparable basis
determined by the Board of Directors by reference to all other employees eligible for participation. With regard to all insured benefits to be provided to Employee, benefits shall be subject to due application by Employee. Techne has no obligation
to pay insured benefits directly and such benefits are payable to Employee only by the insurers in accordance with their policies. Nothing in this Agreement is intended to or shall in any way restrict Techne’s right to amend, modify or
terminate any of its benefits or benefit plans during the term of Employee’s employment. Employee shall not be reimbursed for unused personal days or sick days upon his termination from employment regardless of the reason, whether voluntary or
involuntary. 
 ARTICLE 3. 
 INVENTIONS, PROPRIETARY INFORMATION AND UNFAIR COMPETITION 
 3.1) Prior
Agreement. Neither the execution of this Agreement nor any provision in it shall be interpreted as rescinding or revoking the “Employee Agreement With Respect To Inventions, Proprietary Information, and Unfair Competition” previously
entered into between Techne and Employee as of July 30, 2013 (the “Prior Inventions, Proprietary Information, and Unfair Competition Agreement”). Techne and Employee hereby agree that the terms and conditions of such Prior Inventions,
Proprietary Information, and Unfair Competition Agreement shall continue in full force and effect and shall apply to all businesses of Techne, including not only business conducted by Techne but also to business conducted through Techne or any
subsidiary or venture of Techne now existing or hereafter created. The termination of this Agreement or Employee’s employment shall not terminate Employee’s obligations under the Prior Inventions, Proprietary Information, and Unfair
Competition Agreement, the terms and conditions of which shall survive termination of this Agreement and termination of Employee’s employment for any reason, whether voluntary or involuntary. 

  
 3 

 ARTICLE 4. 
 TERMINATION 
 4.1) Events of Termination. Notwithstanding any other
provision of this Agreement to the contrary or appearing to be to the contrary, Employee’s employment may be terminated as follows: 
 A. By mutual written agreement of the parties; 
 B. Upon Employee’s death;

 C. Upon Employee’s inability to perform the essential functions of his position due to physical or mental disability,
with or without reasonable accommodation, as determined in the good faith judgment of the Techne Board of Directors, and such inability continues for a period of ninety (90) calendar days or as may otherwise be required by applicable law.
Nothing in this Section 4.1(C) shall limit the right of either Party to terminate Employee’s employment under one of the other sections of this Section 4.1; 
 D. Upon written notice to the other Party; 
 E. Upon the insolvency or bankruptcy
of Techne; 
 F. In the event of a Change in Control, as set forth in Section 5.1, provided that the severance provisions of
Section 5.1 of this Agreement are met; 
 G. Techne shall have the right to terminate Employee’s employment immediately
for “Cause.” For purposes of this Agreement, “Cause” shall include, but not be limited to, the following: 
 i. Habitual neglect of, or the willful or material failure to perform the duties of employment hereunder, as determined in good faith by the Board of Directors of Techne and/or its designee; 

ii. Embezzlement or any act of fraud; 

iii. Commission of acts that can be charged as a felony, whether or not committed during the term hereof or in the course
of employment hereunder; 
 iv. Dishonesty in dealing between Employee and Techne or between Employee and other
employees of Techne; 
 v. Use of or dependence on any controlled substance without a prescription, or any
illegal or narcotic drug; or use of alcohol in a manner, regardless of time or place, which either adversely affects Employee’s job performance or otherwise reflects negatively on Techne or Employee; 

vi. Habitual absenteeism; or 
 vii. Willfully acting in a manner materially adverse to the best interests of Techne. 

  
 4 

 4.2) Return of Property. At such time that Employee’s employment with Techne
ends (the “Termination Date”) or at such earlier time as Techne may notify Employee, Employee will immediately cease doing business upon Techne’s premises and will immediately deliver to Techne all of its property and all property to
be held by Techne in his possession or control, including, but not limited to, all work in progress, data, equipment, originals and copies of documents and software, customer and supplier information and lists, financial information, and all other
materials. In addition, if Employee has used any personal computer, server, or email system (including, but not limited to, computers, Blackberries, PDA’s, cell phones, Smart Phones, iPhones, iPads, etc.) to receive, store, review, prepare or
transmit any Techne information, including but not limited to Confidential Information (as defined below), Employee agrees to provide Techne with a computer-useable copy of all such Confidential Information and then permanently delete and expunge
such information from those systems. Employee also agrees to certify, within ten (10) days after the Termination Date, in writing to Techne that he has complied with his obligation to return Techne property. 

A. For purposes of this Agreement, “Confidential Information” means information which is not generally known and which Techne
holds in confidence, including, without limitation, the following: all information and data developed or acquired by Employee in the course of employment with Techne; data or conclusions or opinions formed by Employee in the course of employment;
policies and procedures; manuals; trade secrets; methods, procedures, or techniques pertaining to the business of Techne or any customer of Techne; specifications for products or services; systems; price lists; marketing plans; sales or service
analyses; financial information; customer names or other information; vendor names or other information; employee names or other information; research and development data; diagrams; drawings; media; notes, memoranda, notebooks, and all other
records or documents that are handled, seen, or used by Employee in the course of employment. 
 B. Notwithstanding anything to
the contrary, “Confidential Information” does not include any information that is (i) in the public domain or enters the public domain through no violation of obligations Employee owes to Techne; (ii) disclosed to Employee other
than as a result of Employee’s capacity as an employee of Techne by a third-party not subject to maintain the information in confidence; or (iii) already known by Employee other than as a result of Employee’s past relationship with
Techne (or its predecessors) and is evidenced by written documentation existing prior to such disclosure. Specific technical and business information shall not be deemed to be within the preceding exceptions merely because it is embraced by more
general technical or business information within such exceptions, nor shall a combination of features be deemed to be within such exceptions merely because the individual features are within such exceptions. 

  
 5 

 ARTICLE 5. 
 TERMINATION BENEFITS 
 5.1) Termination Benefits. In the event
Employee’s employment is terminated by Techne as a result of a “Change in Control” of Techne and Employee has less than twelve (12) months before the expiration of the Term of this Agreement, Employee will be paid an amount equal
to one (1) year of his then-current base annual salary (but not any incentive bonus) (hereinafter the “CIC Severance Payment”); provided, however, that Employee will be entitled to the CIC Severance Payment set forth in this
Section 5.1 only if he executes and does not rescind a release agreement in a form supplied by Techne, which will include, but not be limited to, a comprehensive release of claims against Techne and all related parties, in their official and
individual capacities. For purposes of this Section 5.1, “Change in Control” shall mean the occurrence, in a single transaction or in a series of related transactions, of any one or more of the events in subsections A through C below.
For purposes of this definition, a person, entity or group shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person, entity or group
directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 

A. Any person, entity or group becomes the Owner, directly or indirectly, of securities of Techne representing more than fifty percent
(50%) of the combined voting power of Techne’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change in Control shall not be deemed to occur (A) on
account of the acquisition of securities of Techne by an investor, any affiliate thereof or any other person, entity or group from Techne in a transaction or series of related transactions the primary purpose of which is to obtain financing for
Techne through the issuance of equity securities or (B) solely because the level of Ownership held by any person, entity or group (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities
as a result of a repurchase or other acquisition of voting securities by Techne reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of
voting securities by Techne, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then
outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur; 
 B. There is consummated a merger, consolidation or similar transaction involving (directly or indirectly) Techne and, immediately after the consummation of such merger, consolidation or similar
transaction, the stockholders of Techne immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the
surviving entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger, consolidation or similar transaction,
in each case in substantially the same proportions as their Ownership of the outstanding voting securities of Techne immediately prior to such transaction; or 

  
 6 

 C. There is consummated a sale, lease, exclusive license or other disposition of all or
substantially all of the total gross value of the consolidated assets of Techne and its subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of total gross value of the consolidated assets of Techne and
its subsidiaries to an entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of Techne in substantially the same proportions as their Ownership of the outstanding voting
securities of Techne immediately prior to such sale, lease, license or other disposition (for purposes of this Section 5.1(C), “gross value” means the value of the assets of Techne or the value of the assets being disposed of, as the
case may be, determined without regard to any liabilities associated with such assets). 
 For the avoidance of doubt, the term
Change in Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of Techne. To the extent required, the determination of whether a Change in Control has occurred shall be
made in accordance with Code Section 409A and the regulations, notices and other guidance of general applicability issued thereunder. 
 5.2) Timing of CIC Severance Payment. Any CIC Severance Payment pursuant to Section 5.1 will be paid to Employee monthly over the course of a one-year period beginning after expiration of any
applicable rescission periods set forth in the required release agreement; provided, however, that notwithstanding anything in this Agreement to the contrary, if the CIC Severance Payment described in Section 5.1 is subject to the requirements
of Code Section 409A and Techne determines that Employee is a “specified employee” as defined in Code Section 409A as of the date of Employee’s termination of employment, such payments will not be paid or commence earlier
than the first day of the seventh month following the date of Employee’s termination of employment and on such date any amounts that would have been paid during the first six months following the termination but for operation of this proviso
will be paid in one lump sum with the remaining payments made monthly over the remainder of the specified one-year period. In addition, all payments made to Employee pursuant to Section 5.1 will be reduced by amounts (A) required to be
withheld in accordance with federal, state and local laws and regulations in effect at the time of payment, or (B) owed to Techne by Employee for any amounts advanced, loaned or misappropriated. Such offset will be made in the manner permitted
by and will be subject to the limitations of all applicable laws, including but not limited to Code Section 409A, and the regulations, notices and other guidance of general applicability issued thereunder. 

5.3 No Other Payments. Except as provided in Section 5.1, including but not limited to if Employee is terminated with Cause
or voluntarily terminates his employment at any time, Employee will not be entitled to any compensation or benefits other than that which was due to him as of the date of termination, regardless of any claim by Employee for compensation, salary,
bonus, severance benefits or other payments. 
 5.4 Board Resignation. If at the time of any termination of
Employee’s employment with Techne, Employee is a member of Techne’s Board of Directors, Employee agrees to immediately submit his resignation from Techne’s Board of Directors effective upon such termination of employment unless
otherwise determined by Techne’s Board of Directors in its sole discretion. 

  
 7 

 ARTICLE 6. 
 ARBITRATION 
 6.1) Arbitration. Any dispute arising out of or relating to
(i) this Agreement or the alleged breach of it, or the making of this Agreement, including claims of fraud in the inducement, or (ii) Employee’s application or candidacy for employment, employment and/or termination of employment with
Techne including, but not limited to, any and all disputes, claims or controversies relating to discrimination, harassment, retaliation, wrongful discharge, and any and all other claims of any type under any federal or state constitution or any
federal, state, or local statutory or common law shall be discussed between the disputing Parties in a good faith effort to arrive at a mutual settlement of any such controversy. If, notwithstanding, such dispute cannot be resolved, such dispute
shall be settled by binding arbitration. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The arbitrator shall be a retired state or federal judge or an attorney who has practiced securities
or business litigation for at least 10 years. If the Parties cannot agree on an arbitrator within 20 days, any Party may request that the chief judge of the District Court for Hennepin County, Minnesota, select an arbitrator. Arbitration will be
conducted pursuant to the provisions of this Agreement, and the commercial arbitration rules of the American Arbitration Association, unless such rules are inconsistent with the provisions of this Agreement, but without submission of the dispute to
such Association. Limited civil discovery shall be permitted for the production of documents and taking of depositions. Unresolved discovery disputes may be brought to the attention of the arbitrator who may dispose of such dispute. The arbitrator
shall have the authority to award any remedy or relief that a court of this state could order or grant; provided, however, that punitive or exemplary damages shall not be awarded. The arbitrator may award to the prevailing Party, if any, as
determined by the arbitrator, all of its costs and fees, including the arbitrator’s fees, administrative fees, travel expenses, out-of-pocket expenses and reasonable attorneys’ fees. Unless otherwise agreed by the Parties, the place of any
arbitration proceedings shall be Hennepin County, Minnesota. This agreement to arbitrate does not include worker’s compensation claims, claims for unemployment compensation, or any injunctive or other relief to which the Techne may be entitled
in accordance with the Prior Inventions, Proprietary Information, and Unfair Competition Agreement referred to in Section 4.1 herein. 
 ARTICLE 7. 
 MISCELLANEOUS PROVISIONS 

7.1 Modifications. Except as provided in Section 3.1 above, this Agreement supersedes all prior agreements and understandings
between the Parties relating to the employment of Employee by Techne and it may not be changed or terminated orally. No modification, termination, or attempted waiver of any of the provisions of this Agreement will be valid unless in writing signed
by the Party against whom the same is sought to be enforced. 

  
 8 

 7.2) Binding Effect. The breach by Techne of any other agreement or instrument
between Techne and Employee will not excuse or waive Employee’s performance under, or compliance with, this Agreement. 

7.3 Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of Minnesota, without
regard to conflicts of law principles that would require the application of any other law. 
 7.4 Successors and Assigns.
This Agreement is personal to Employee and Employee may not assign or transfer any part of his rights or duties hereunder, or any compensation due to him hereunder, to any other person. This Agreement may be assigned by Techne. This Agreement is
binding on any successors or assigns of Techne. 
 7.5 Captions. The captions set forth in this Agreement are for
convenience only and shall not be considered as part of this Agreement or as in any way limiting or amplifying the terms and conditions hereof. 
 7.6 No Conflicting Obligations. Employee represents and warrants to Techne that he is not under, or bound to be under in the future, any obligation to any person, firm, or corporation that is or
would be inconsistent or in conflict with this Agreement or would prevent, limit, or impair in any way the performance by him of his obligations hereunder. If Employee possesses any information that he knows or should know is considered by any third
party, such as a former employer of Employee’s to be confidential, trade secret, or otherwise proprietary, Employee shall not disclose such information to Techne or use such information to benefit Techne in any way. 

7.7 Waivers. The failure of any Party to require the performance or satisfaction of any term or obligation of this Agreement, or
the waiver by any Party of any breach of this Agreement, will not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 7.8 Severability. In the event that any provision hereof is held invalid or unenforceable by a court of competent jurisdiction, Techne and Employee agree that part should modified by the court to
make it enforceable to the maximum extent possible. If the part cannot be modified, then that part may be severed and the other parts of this Agreement shall remain enforceable. 

7.9 Code Section 409A. Notwithstanding any other provision of this Agreement to the contrary, the Parties to this Agreement
intend that this Agreement will satisfy the applicable requirements, if any, of Code Section 409A in a manner that will preclude the imposition of additional taxes and interest imposed under Code Section 409A. The Parties agree that this
Agreement will be amended (as determined by Techne in its sole discretion) to the extent necessary to comply with Code Section 409A, as amended from time to time, and the notices and other guidance of general applicability issued thereunder.
Further, if any of the payments described in this Agreement are subject to the requirements of Code Section 409A and Techne determines that Employee is a “specified employee” as defined in Code Section 409A as of the date of
Employee’s termination of employment (which will have the same meaning as 

  
 9 

 
“separation from service” as defined in Code Section 409A), all or a portion of such payments will not be paid or commence earlier than the first day of the seventh month following
the date of Employee’s termination of employment, but only to the extent such delay is required for compliance with Code Section 409A. 
 7.10 Notices. All notices given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given, delivered and received (A) upon personal delivery to the Party to
be notified; (B) when sent by facsimile if sent during normal business hours of the recipient, and if not sent during normal business hours then on the next business day; (C) five (5) calendar days after having been sent by registered
or certified mail, return receipt requested, postage prepaid; or (D) one (1) business day after the business day of deposit with a nationally recognized overnight courier, specifying next-day delivery, with written verification of receipt.
All communications shall be sent to the respective parties at their addresses set forth below, or to such facsimile numbers, or addresses as subsequently modified by written notice given in accordance with this Section: 

 

			
	 (a) If to Techne:
	  	
		  	Techne Corporation
		  	Attention: Chair, Board of Directors
		  	614 McKinley Place Northeast
		  	Minneapolis, MN 55413
	 (b) If to the Employee:
	  	
		  	Dr. J. Fernando Bazan
		  	924 4th Street North
		  	Stillwater, MN 55082

 7.11 Construction. The Parties agree that the terms and provisions of this Agreement embody their
mutual intent, each Party has had the opportunity to negotiate its provisions and contribute to its drafting, and therefore, it is not to be construed more liberally in favor of, or more strictly against, any Party hereto. 

7.12 Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original of
this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. Electronically transmitted (e.g., by facsimile or pdf) signed copies of this Agreement shall be deemed to be original signed versions of
this Agreement. 
 7.13 Section 280G. Notwithstanding anything to the contrary contained in this Agreement, to the
extent that any of the payments and benefits provided for under this Agreement or any other agreement or arrangement between the Employee and the Techne (collectively, the “Payments”) constitute a “parachute payment” within the
meaning of Section 280G of the Code and, but for this Section 7.13, would be subject to the excise tax imposed by Section 4999 of the Code, then the Payments shall be payable either (i) in full or (ii) as to such lesser
amount which would result in no portion of such Payments being subject to excise tax under Section 4999 of the Code; whichever of the foregoing amounts, taking into account the 

  
 10 

 
applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the Employee’s receipt on an after-tax basis, of the greatest amount of economic
benefits under this Agreement, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. Unless the Employee and Techne otherwise agree in writing, any determination required under this
Section 7.13 shall be made in writing by Techne’s independent public accountants (the “Accountants”), whose reasonable determination shall be conclusive and binding upon Employee and Techne for all purposes. For purposes of
making the calculations required by this Section 7.13, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of the
Sections 280G and 4999 of the Code. Employee and Techne shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 7.13. 

(Signatures follow on the next page(s).) 

  
 11 

 THE PARTIES HAVE executed this Agreement in the manner appropriate to each as of the dates
set forth below. 
 TECHNE CORPORATION 
  

									
	 By 
	 	 Charles R. Kummeth
	 		 		 	 August 23, 2013

		 	 Its Chief Executive Officer
	 		 		 	 Date

				
	 EMPLOYEE
	 		 		 	
				
	 J. Fernando Bazan
	 		 		 	 August 23, 2013

	 Dr. J. Fernando Bazan
	 		 		 	 Date

 Signature Page to Employment Agreement 

  
 12EX-10.28

 Exhibit 10.28 
 TECHNE CORPORATION 
 COMPENSATION ARRANGEMENT FOR THE EXECUTIVE OFFICERS

 FOR FISCAL YEAR 2014 
 The Executive Compensation Committee of the Board of Directors of Techne Corporation approved the 2014 fiscal year base salary for the executive officers as set forth below. 

 

					
	 	  	2014 Annual	 
	Executive Officer and Title	  	Base Salary	 
	 Charles R. Kummeth
	  	$	575,000	  
	 Chief Executive Officer
	  			
	 Gregory J. Melsen
	  	$	375,000	  
	 Vice Preisdent of Finance, Treasurer, and Chief Financial Officer
	  			
	 J. Fernando Bazan
	  	$	250,000	  
	 Chief Technical Officer
	  			
	 Marcel Veronneau
	  	$	225,013	  
	 Senior Vice President, Clinical Controls
	  			
	 Kevin J. Reagan
	  	$	276,504	  
	 Senior Vice President Biotech

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]