Ex. 10.1



                          EON LABS MANUFACTURING, INC.



                              EMPLOYMENT AGREEMENT





                  EMPLOYMENT AGREEMENT, dated as of this 11th day of

February, 2002 (the "Effective Date"), between Eon Labs Manufacturing, Inc.

(the "Company"), and Bernhard Hampl, Ph.D. (the "Executive").



                                R E C I T A L S:



                  WHEREAS, the Company recognizes that the future growth,

profitability and success of the Company's business will be substantially and

materially enhanced by the employment of the Executive by the Company; and



                  WHEREAS, the Company desires to employ the Executive and

the Executive has indicated his willingness to provide his services, on the

terms and conditions set forth herein.



                  NOW, THEREFORE, on the basis of the foregoing premises and

in consideration of the mutual covenants and agreements contained herein, the

parties hereto agree as follows:



                  Section 1. EMPLOYMENT. The Company hereby agrees to employ

the Executive and the Executive hereby accepts employment with the Company,

on the terms and subject to the conditions hereinafter set forth. During the

Employment Term (as hereinafter defined), the Executive shall serve as

President, Chief Executive Officer and Director of the Company, and in such

other senior executive position or positions with the Company and its

subsidiaries commensurate with the Executive's title as President and Chief

Executive Officer as the Board of Directors of the Company (the "Board")

shall from time to time specify. During the Employment Term, the Executive

shall have the duties, responsibilities and obligations customarily assigned

to individuals serving in the position or positions in which Executive serves

hereunder, together with other senior executive duties, responsibilities and

obligations commensurate with the Executive's title as the Board shall from

time to time specify.



                  Section 2. TERM. Unless sooner terminated pursuant to

Section 6 hereof, the Executive's employment hereunder shall commence on the

Effective Date and shall continue during the period ending on the third

anniversary of the Effective Date (the "Initial Employment Term"). Subject to

Section 6 hereof, the Initial Employment Term shall be extended automatically

without further action by either party by one additional year (added to the

end of the Initial Employment Term) first on third anniversary of the

Effective Date, and on each succeeding anniversary thereafter, unless, not

later than ninety (90) days prior to the end of the Initial Employment Term

(or extension thereof), either the Company or the Executive shall have

notified the other in writing of its intention not to renew this Agreement.

The Initial Employment Term, together with any extension thereof pursuant to

this Section 2, shall be referred to as the "Employment Term."



                  Section 3. COMPENSATION. During the Employment Term, the

Executive shall be entitled to the following compensation and benefits:



{Page}



                  (a) SALARY. As compensation for the performance of the

Executive's services hereunder, the Company shall pay to the Executive a

salary of $300,000 per annum with increases, if any, as may be approved in

writing by the Board (the "Salary"). The Salary shall be payable in

accordance with the payroll practices of the Company as the same shall exist

from time to time.



                  (b) ANNUAL BONUS. In the sole discretion of the Board, the

Executive shall be eligible to receive an annual cash bonus; provided,

however, that in the event the Company adopts an annual bonus plan for its

senior executives, the Executive shall participate in such plan on the same

basis as other senior executives of the Company (with appropriate adjustment

due to differences in title and salary).



                  (c) BENEFITS. The Executive shall be entitled to an amount

of paid vacation per year as provided in the Company's vacation policy, which

shall in no event be less than four (4) weeks per year. In addition, the

Executive shall be entitled to participate in health, insurance, pension and

other benefits provided to other senior executives of the Company. The

Executive shall also be entitled to the same number of holidays, sick days

and other benefits as are generally allowed to other senior executives of the

Company in accordance with the Company policy in effect from time to time.



                  Section 4. EXCLUSIVITY. During the Employment Term, the

Executive shall devote his full working time to the business of the Company,

shall faithfully serve the Company, shall in all respects conform to and

comply with the lawful and reasonable directions and instructions given to

him in accordance with the terms of this Agreement, shall use his best

efforts to promote and serve the interests of the Company, and shall not

engage in any other business activity, whether or not such activity shall be

engaged in for pecuniary profit, except that the Executive may (i)

participate in the activities of professional trade organizations related to

the business of the Company, (ii) engage in personal investing activities

and/or charitable activities consistent with the Company's policy regarding

investments (which may change from time to time) or (iii) with the consent of

the Board, serve as a member of the board of directors or advisory boards (or

their equivalents in the case of a non-corporate entity) of non-competing

businesses and charitable organizations, provided that activities set forth

in these clauses (i), (ii), or (iii) either singly or in the aggregate, do

not interfere in any material respect with the services to be provided by the

Executive hereunder.



                  Section 5. REIMBURSEMENT FOR EXPENSES. The Executive is

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