0000936392-06-000702 Sample Contracts

SEPARATION AGREEMENT
Separation Agreement • July 18th, 2006 • Aastrom Biosciences Inc • Services-commercial physical & biological research • Michigan

This Agreement is entered into as of July 14, 2006, by and between Aastrom Biosciences, Inc., a Michigan corporation (“Employer”) and James A. Cour (“Employee”), with respect to the following facts:

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CONSULTING AGREEMENT
Consulting Agreement • July 18th, 2006 • Aastrom Biosciences Inc • Services-commercial physical & biological research • Michigan

This Agreement is entered into by and between Aastrom Biosciences, Inc., a Michigan corporation (“Company”) and R. Douglas Armstrong, Ph.D., (“Armstrong”).

EMPLOYMENT AGREEMENT
Employment Agreement • July 18th, 2006 • Aastrom Biosciences Inc • Services-commercial physical & biological research • Michigan

This Employment Agreement (this “Agreement”) is entered into as of July 17, 2006, by and between Aastrom Biosciences, Inc., a Michigan corporation (“Employer”), and George W. Dunbar (“Employee”).

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