0001144204-08-029484 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • May 15th, 2008 • Nephros Inc • Surgical & medical instruments & apparatus • New York

This EMPLOYMENT AGREEMENT (this “Agreement”), made in New York, New York as of the 1st day of April 2008 (the “Effective Date”), between Nephros, Inc., a Delaware corporation having its executive offices and principal place of business at 3960 Broadway, New York, New York 10032 (the “Company”), and Gerald Kochanski (“Executive”).

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SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • May 15th, 2008 • Nephros Inc • Surgical & medical instruments & apparatus

This Separation Agreement and Release (“Agreement”) is entered into by and between Nephros, Inc., and its affiliates and subsidiaries (the “Company”), and Mark W. Lerner (“Lerner”), as of April 28, 2008 (the “Effective Date”). The Company and Lerner are referred to herein as the “Parties.” This Agreement cancels and supersedes all prior agreements relating to Lerner’s employment with the Company except as provided in this Agreement.

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