EMPLOYEE COMPENSATION WAIVER AGREEMENTEmployee Compensation Waiver Agreement • November 14th, 2011 • Neah Power Systems, Inc. • Miscellaneous electrical machinery, equipment & supplies • Washington
THIS COMPENSATION WAIVER AGREEMENT (this “Agreement”), dated as of November 4, 2011, is by and among NEAH POWER SYSTEMS, INC., a Nevada corporation (the “Company”), GERARD C. D'COUTO, the President and Chief Executive Officer of the Company (“D’Couto”), and STEPHEN M. WILSON, the Chief Financial Officer of the Company (“Wilson”). D’Couto and Wilson are collectively referred to as the “Employees”. The Employees are entering into this Agreement in their individual capacities and not as officers of the Company.
