First Amendment to the ICU Medical, Inc. Executive Severance Plan

THIS FIRST AMENDMENT TO THE ICU MEDICAL, INC. EXECUTIVE SEVERANCE PLAN (this “First Amendment”), dated as of December 31, 2019, is made and adopted by the Compensation Committee (the “Committee”) of the Board of Directors of ICU Medical, Inc., a Delaware corporation (the “Corporation”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Plan (as defined below).

WHEREAS, the Corporation maintains the ICU Medical, Inc. Executive Severance Plan (the “Plan”);

WHEREAS, pursuant to Section 3 of the Plan, the Committee has the authority to amend the Plan; and

WHEREAS, the Corporation desires to amend the Plan to extend the term of the Plan from December 31, 2019 to December 31, 2022.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as set forth herein.

“In the event that a Change in Control does not occur on or prior to December 31, 2022, the Plan shall thereupon automatically terminate and have no force or effect. In the event that a Change in Control occurs on or prior to December 31, 2022, then the Plan shall automatically terminate on the later of December 31, 2022 and the date on which all Participants who are eligible to receive Severance Benefits pursuant to the Plan have received each such payments and/or benefits in accordance with the Plan.”