Exhibit 10.1 Termination Agreement This Termination Agreement is entered into effective as of the 1st day of February, 2007 (the "Effective Date"), by and between Anand Baichwal ("Baichwal") and Penwest Pharmaceuticals Co., a Washington corporation...Termination Agreement • February 5th, 2007 • Penwest Pharmaceuticals Co • Pharmaceutical preparations • New York
