22118
20
th Ave.
SE, Suite 142
Bothell,
WA 98021
Telephone
425.424.3324
Exhibit
10.1
April
18, 2008
Stephen
Wilson
PO
Box 779
Woodinville
WA 98072
RE:
Employment
with Neah Power Systems, Inc.
Dear
Mr. Wilson
We
are extremely impressed with your qualifications and
enthusiasm, and are confident that you will be a great
addition to our growing team. Accordingly, we are pleased to
offer you a full-time employment position with Neah Power
Systems, Inc. This letter serves as our formal offer, combined
with the employee Intellectual Property assignment, which
together specify the terms and conditions required of all our
employees. When signed and accepted by you, they shall serve
as our binding employment agreement. Your
employment, as with all employees at Neah
Power, per State law ,
is on an at will basis.
We
offer you a position as Controller, reporting to Chris
D’Couto, with an effective starting date of April 21,
2008 and an annual base salary of $130,000 per year. An annual
bonus plan is curr
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