0001144204-08-064300 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2008 • Nephros Inc • Surgical & medical instruments & apparatus • New York

This EMPLOYMENT AGREEMENT (this “Agreement”), made in New York, New York as of the 15th day of September 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 Ernest A. Elgin III (“Executive”).

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SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • November 14th, 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 Norman J. Barta (“Barta”), as of September 15, 2008 (the “Effective Date”). The Company and Barta are referred to herein as the “Parties.”

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