EMPLOYMENT AGREEMENTEmployment Agreement • November 7th, 2005 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • California
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of November 2, 2005 and shall be effective as of August 8, 2005 (the “Effective Date”) by and between SurgiCount Medical, Inc. (the “Company”),a California corporation and wholly owned subsidiary of Patient Safety Technologies, Inc. (“Parent”), a Delaware corporation, both with offices located at 100 Wilshire Boulevard, Suite 1750, Santa Monica, California, 90401, and James Schafer,an individual with an address 35864 Carlton Road, Wildomar, California, 92595 (“Individual”). This Agreement replaces and supercedes that certain Employment Agreement entered into as of July 22, 2005 by and between Parent and Individual, in its entirety.
