Example of EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (this" Agreement") dated as of March31, 2008(the "Effective Date"), is between APP Pharmaceuticals, LLC, a Delaware limited liability company (the "Company"); and Richard J. Tajak (the "Executive").

Accordingly, the parties agree as follows:

Aticle1.DEFINITIONS.

     Unless otherwise specified herein, the capitalized terms defined in Exhibit A  apply  and have the meanings therein set out for all purposes of this Agreement.

Article2. SUBJECT MATTER :

A. EMPLOYMENT.

     Subject to the terms and conditions contained herein, the Company shall employ the Executive, and the Executive shall accept such employment, beginning on the Effective Date and ending on Termination Date.

B. OFFICE AND DUTIES.

1.During the Executive's employment hereunder, the Executive shall render services to the Company and its parent APP Pharmaceuticals, Inc., (the "Parent") in the position of Senior Vice-President of Finance.  

   

2. In performing  services hereunder, the Executive shall abide by the rules, regulations, and practices of the Company (and, if applicable, the Parent) as adopted or modified from time to time in the sole discretion of the Company (or, if applicable, the Parent).

 

3. The Executive shall devote entire business time, energy, attention and skill to the services of the  Company (and, if applicable, the Parent) and to the promotion  of its interests.

Article3.COMPENSATION AND BENEFITS.

1.BASE SALARY.

     In exchange for full performance of the Executive's obligations and  duties hereunder, the Company shall pay the Executive a salary at the rate of $350,000.00 per year ("Base Salary"). The Company shall pay the Base Salary in accordance with the Company's regularly established payroll practice and withholding deductions.

 2.COSTS AND EXPENSES.

     During the Executive's employment hereunder, The Company shall reimburse the Executive for reasonable and actual out-of-pocket business costs and expenses that the Executive incur or pay, in consistent  with the policies established by the Board, during rendering to the Company the services provided for herein.

 3.VACATION.

     The Executive is entitled to vacation and sick leave on terms equivalent to those of other executive officers of the Company. The Executive shall accrue four (4) weeks of vacation in the first year of employment with the Company in accordance with the Company's standard vacation policy.

4. BENEFIT PLANS.

     The Executive is eligible to participate in all benefit plans (including but not limited to any medical, dental, life insurance, retirement and disability plans) and to all perquisites, which benefit plans are available from time to time to the executive officers of the Company generally; provided, however, that the Executive may not participate  in any stock option, stock purchase or other plan  relating to shares of capital stock of the Company or its affiliates.

5.BONUS.

     The Company shall pay to the Executive a cash bonus at the rate of $50,000.00 on March 31,2009,if the Company keeps the Executive on employed.

6.INCENTIVE COMPENSATION PLANS.

     The Executive is eligible for cash incentive compensation plans for the Employer's officers and directors as the Board may establish from time to time, which incentive  compensation plans are based on the achievement and satisfaction of goals and objectives that the Board establishes.

Article4.TERM

       Unless the parties hereto renew the agreement in writing of the Employer and the Executive, this agreement   hereunder commences from March31, 2008, and terminates pursuant to Section 8.

Article5.REPRESENTATIONS AND WARRANTIES.

     The Executive hereby represents and warrants to the Company that:

1.the execution, delivery and performance of this Agreement does not conflict with, breach, violate  or cause  a  default under any agreement, contract  or instrument to which the Executive is a party, or any judgment, order or decree to which the Executive is subject;

2.the Executive isn't a party to or bound by any employment agreement, consulting agreement, non-compete agreement, confidentiality agreement, non-disclosure agreement or similar agreement with any other person or entity.

3.the Executive has read through the entirety of this Agreement, and prior to signing it, an independent legal counsel has advised the Executive; and

4.the Executive is not subject to any agreement with a Competitor or potential Competitor  of the Company, or to any other contract, oral or written, that could restrict or prevent the Executive from entering hereinto or performing duties in full accord with this Agreement.