This Agreement is made and entered into as of the 1 st day of April 2004, by and between Sadhana
Agarwal , (hereinafter referred to as the “Employee”) and Advanced Cell Technology, Inc., a corporation duly
organized and existing under the laws of the State of Delaware, and having a place of business at One Innovation
Drive, Worcester, Massachusetts 01605.
The Company hereby agrees to employ the Employee and Employee accepts such employment upon the
terms and conditions set forth in this Agreement.
1. Duties .
1.1 Employee shall serve Company as Director of Cell & Molecular Biology during the
term of this Agreement and shall perform the duties described on Exhibit A attached hereto. Employee shall
perform his duties at such places and times as the Company may reasonably prescribe, it being understood that
these duties are initially intended to be performed in Massachusetts but may require domestic and international
travel and relocation within the United States during the Employment Term.
1.2 Employee shall devote his full time and best efforts to the performance of his duties for
the Company and shall not engage in any other business activities during the Employment Term without prior
written consent of the Company.
2. Term and Termination .
2.1 Term : The term of Employee’s employment under this Agreement will commence on
April 1, 2004 (the “Commencement Date”) and continue until terminated as set forth in Section 2.2 of this
Agreement. The Confidential Information and Inventions Agreement, signed by Employee pursuant to Section 5,
shall remain in effect subsequent to the Employment Term.
2.2 Termination :
(a) Employee’s employment under this Agreement shall be termi