0000950134-07-000099 Sample Contracts

• ] Shares ARADIGM CORPORATION Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • January 4th, 2007 • Aradigm Corp • Electromedical & electrotherapeutic apparatus • New York

PUNK, ZIEGEL & COMPANY, L.P. As Representative of the several Underwriters listed in Schedule I to the Underwriting Agreement referred to below c/o Punk, Ziegel & Company, L.P. 520 Madison Avenue, 7th Floor New York, NY 10022

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CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • January 4th, 2007 • Aradigm Corp • Electromedical & electrotherapeutic apparatus • California

This Change of Control Agreement (the “Agreement”) is made and entered into as of , 200 , by and between Aradigm Corporation (the “Company”), and (the “Executive”).

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