Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 17, 2008, Lipid Sciences, Inc. (the "Company") entered into an amended and restated employment agreement with Jo-Ann Maltais, Ph.D., Vice President of Scientific Affairs. The amended and restated agreement increases her severance period from four months to nine months.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 10.1 Amended and Restated Employment Agreement, by and between Lipid Sciences, Inc. and Jo-Ann Maltais, Ph.D. dated September 17, 2008.

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