ARBIOS SYSTEMS, INC. AND AMY FACTOR
This Employment Agreement (this “Agreement”) is entered into by and between Arbios Systems, Inc., a
Nevada corporation (the “Company”), and Amy Factor ("Factor"), effective as of March 31, 2005 (the
Factor has been a consultant to the Company, through AFO Advisors, LLC, for the past 16
months and is familiar with the Company’s technology and operations.
The Company believes that it is in its best interest to retain the services of Factor, and Factor is
willing to provide such services on the terms and conditions of this Agreement.
Factor currently is, and will throughout the term of this Agreement, be employed by the
Company on the terms and conditions of this Agreement.
Therefore, the parties agree as follows:
Services . During the term of this Agreement, Factor shall serve, on a full time basis, as interim
Chief Executive Officer of the Company and, if requested by the Board of Directors of the Company, the interim
Chief Executive Officer of Arbios Technologies, Inc. Commencing on the Effective Date, Factor shall also be
appointed to serve on the Board of Directors of the Company and on the Board of Directors of Arbios
Technologies, Inc. As interim Chief Executive Officer, Factor will report to the Company's board of directors
(the "Board of Directors"), and shall have such duties consistent with that of a Chief Executive Officer that may
from time to time be designated or assigned to Factor pursuant to the directives of the Board of Directors,
including those set forth in Section 4.4 below. Factor shall perform faithfully the duties assigned to her to the best
of her ability.
Term . The term of this Agreement shall commence on the Effective Date and, subject to
Paragraph 7, shall remain in full force and effect until a permanent CEO is hired by the Company (the “Term”).
Place of Services . Factor shall perfor