Exhibit 10.1

Mutual Consent to Extend Employment Term

In connection with that certain Amended and Restated Employment Agreement between Kensey Nash Corporation and Todd M. DeWitt, entered into as of January 1, 2009 (the “Agreement”), the parties thereto (1) acknowledge that the term of the Agreement will automatically expire on January 1, 2011, if not extended, and (2) mutually agree to extend the term of the Agreement to January 1, 2012, pursuant to Section 3(a) of the Agreement. Such extension of the employment term shall become effective on January 1, 2011, provided that the employment term is not terminated earlier pursuant to Section 3(a) of the Agreement. Except to the extent necessary to give effect to the foregoing extension, the Agreement will otherwise remain unchanged and in full force and effect.

IN WITNESS WHEREOF, the undersigned, as parties to the Agreement, have caused this Mutual Consent to be executed as of the 15th day of October, 2010. This Mutual Consent may be executed in counterparts, each of which shall be deemed an original and when taken together shall constitute one agreement.