Cygnus Inc Watch

from 8-K 2 pages Summary of Compensation of John C Hodgman as Sole Director of Cygnus, Inc

from 8-K 7 pages Agreement for Global Resolution and Mutual Release of All Claims

from 8-K 2 pages Summary of Compensation of Independent Director

from 8-K 2 pages John C Hodgman Chairman of the Board Cygnus, Inc. 400 Penobscot Drive Redwood City, Ca 94063 Dear John, in Light of the Company’s Planned Sale of Its Assets and Wind-Down of Its Corporate Activities, I Hereby Tender My Resignation as a Director of the Cygnus Board, Effective March 31, 2005. Sincerely, Frank T. Cary

from 8-K 2 pages John C Hodgman Chairman of the Board Cygnus, Inc. 400 Penobscot Drive Redwood City, Ca 94063 Dear John, in Light of the Company’s Anticipated Sale of Its Assets to Animas and Adoption of a Plan of Dissolution, I Hereby Tender My Resignation as a Director of the Cygnus Board, Effective March 31, 2005. Sincerely, Richard G. Rogers

from 8-K 7 pages Craig Carlson Re: Termination Agreement Dear Craig: This Letter, Upon Your Signature, Will Constitute the Agreement Between You and Cygnus, Inc. (The “Company”) on the Terms of Your Termination From Employment With the Company

from 8-K 7 pages Neil Ackerman Re: Termination Agreement Dear Neil: This Letter, Upon Your Signature, Will Constitute the Agreement Between You and Cygnus, Inc. (The “Company”) on the Terms of Your Termination From Employment With the Company

from 8-K 7 pages Barbara McClung Re: Termination Agreement Dear Barbara: This Letter, Upon Your Signature, Will Constitute the Agreement Between You and Cygnus, Inc. (The “Company”) on the Terms of Your Termination From Employment With the Company

from 8-K 7 pages John Hodgman Re: Termination Agreement Dear John: This Letter, Upon Your Signature, Will Constitute the Agreement Between You and Cygnus, Inc. (The “Company”) on the Terms of Your Termination From Employment With the Company

from 8-K 7 pages This Employment Agreement (The “Agreement”) Sets Forth the Terms and Conditions of Your Employment With Cygnus, Inc. (The “Company,” “Cygnus”). All of Such Terms Are Conditional Upon Your Having Signed and Delivered This Agreement to the Company. This Agreement and Your Commencement of Employment Will Have an Effective Date of April 2, 2005 (The “Effective Date”). in Consideration of the Mutual Covenants and Promises Made in This Agreement, You and the Company Agree as Follows: 1. Position and Responsibilities

from 8-K 7 pages This Employment Agreement (The “Agreement”) Sets Forth the Terms and Conditions of Your Employment With Cygnus, Inc. (The “Company,” “Cygnus”). All of Such Terms Are Conditional Upon Your Having Signed and Delivered This Agreement to the Company. This Agreement and Your Commencement of Employment Will Have an Effective Date of April 2, 2005 (The “Effective Date”). in Consideration of the Mutual Covenants and Promises Made in This Agreement, You and the Company Agree as Follows: 1. Position and Responsibilities

from 8-K 19 pages Cygnus, Inc. 1999 Stock Incentive Plan

from 10-K 2 pages December 18, 2003 XXX XXX XXX Dear XXX: I Am Pleased to Inform You That Cygnus Will Pay You a Retention Bonus of $ Upon Any Acquisition of Cygnus, Inc., if Such Acquisition Occurs, Provided That You Remain an Active Employee and Have Not Given Notice of Resignation Prior to the Date of the Sale. in Addition, You Have Been Granted a Stock Option for Shares, Priced at $ Each, Based on a Grant Date of December 18, 2003. These Options Will Vest Over a Two-Year Period, Vesting 1/24 of the Original Grant Per Month. While Cygnus Looks Forward to a Mutually Rewarding Relationship, Nothing in This Letter Changes the At-Will Nature of Your Employment Relationship or Provides a Guarantee of Any Additional Compensation. as a Reminder, the Terms and Conditions of This Letter Are Confidential and Should Not Be Shared With Anyone, With the Exception of Your Spouse/Significant Other, Accountant, and the Officers of Cygnus, Inc. XXX, You Are a Critical Member of the Cygnus Team and We Value Your Contribution as We Move Forward. Regards, /S/ John C Hodgman John C Hodgman CEO, President, and Chairman

from 10-K 2 pages Material contract

from 10-K 9 pages Grant of Security Interest

from 10-K 11 pages Cygnus, Inc. Security Agreement

from 10-K 4 pages Amendment to the Final Arbitration Award

from 10-K 13 pages Lease Termination Agreement

from 10-Q 13 pages Manufacturing Agreement

from 10-Q 5 pages Second Amendment to Ten-Year Industrial Net Lease Agreement