SEVERANCE AGREEMENT AND GENERAL RELEASESeverance Agreement • January 27th, 2005 • Biosphere Medical Inc • Pharmaceutical preparations • Massachusetts
This letter shall constitute written notice, effective as of the date set forth above, pursuant to Section 4.4 of your March 25, 2004 Employment Agreement (the “Employment Agreement”) of the termination of your employment with Biosphere Medical, Inc. (the “Company”) on January 17, 2005. In connection with the termination of your employment, you are eligible to receive the severance benefits described in the “Description of Severance Benefits” attached to this letter as Attachment A if you sign and return this letter agreement to Lisa McGrath on or after January 17, 2005 but no later than January 24, 2005. By signing and returning this letter, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with your attorney before signing this letter and you have been given in excess of twenty-one (21
SECOND AMENDMENT TO LEASELease • January 27th, 2005 • Biosphere Medical Inc • Pharmaceutical preparations
Reference is made to a certain Lease dated January 7, 2000, by and between Thomas J. Teuten and John H. Spurr, Jr., Trustees of 1050 Hingham Street Realty Trust. (“Landlord”) and BioSphere, Inc. (“Tenant”), and as amended, for Leased Premises located at 1050 Hingham Street, Rockland, Massachusetts (the “Lease”).
