Exhibit 10.4 SEVERANCE AND SETTLEMENT AGREEMENT AND RELEASE This AGREEMENT is entered into by and between Penwest Pharmaceuticals Co. (the "Company") and ALAN JOSLYN (the "Employee"). WHEREAS, the parties wish to resolve amicably the Employee's...Severance Agreement • May 10th, 2007 • Penwest Pharmaceuticals Co • Pharmaceutical preparations • Connecticut
RECITALSCredit and Security Agreement • May 10th, 2007 • Penwest Pharmaceuticals Co • Pharmaceutical preparations • Illinois
