Contract

Exhibit 10(bbb)

This letter agreement shall describe the basic terms of our mutual understanding pursuant to which DC Associates (“DC”) will license to NeoStem, and its successors (“NeoStem”) executive office space and related services pursuant to its rights to do so under its lease with the landlord for the subject premises.

Commencement Date:			November 1, 2006
Term:			Month to month
Terminable:			By either party on 30 days prior written notice
Location:			000 Xxxxxxxxx Xxxxxx Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000
Executive Offices:			Four furnished inner offices and three desks in common space and use of conference room and other common space as per provided floorplan plus separate work space mutually agreeable to both parties as well as the name on the door and the hall.
Monthly Fee:			$9,500 which includes the cost of telephone, internet, photocopier, scanner, fax, coffee and soft drinks, mail usage, hosting of e-mail, shared receptionist and use of conference room(s). NeoStem will pay for office supplies in the amount of $500 monthly.
Monthly Cash Payment Due:			First business day of each month during the term.
Agreed and Accepted:
DC Associates			NeoStem, Inc.
By:	\s\Xxxxxxx Xxxx		By:	\s\Xxxxx Xxxxx
Name: Xxxxxxx Xxxx Title: Chief Executive Officer Date: October    , 2006			Name: Xxxxx X. Xxxxx Title: Chief Executive Officer Date: October    , 2006