Document:

exv10w30

Exhibit 10.30

* * *
Text Omitted and Filed Separately
 with the Secretary of the
Commission
 Confidential Treatment Requested

CONTRACT MANUFACTURING AND SUPPLY AGREEMENT

     This Agreement (the “Agreement”) is made and entered into as of this 8th day of November, 2010
(the “Effective Date”) by and between Aastrom Biosciences, a Michigan corporation having its
principal place of business at Domino’s Farms, Lobby K, 24 Frank Lloyd Wright Drive, Ann Arbor, Ml,
48105 (“Aastrom”) and ATEK Medical, LLC, having its principal place of business at 620 Watson SW,
Grand Rapids, MI, 49504 (“Supplier”).

RECITALS

WHEREAS, Aastrom manufactures a stem cell product for use in clinical trials;

WHEREAS, Supplier desires to manufacture Aastrom’s proprietary cell cassette (the “Product”) for
use in their manufacturing process; and

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements
hereinafter set forth, and subject to the terms and conditions of this Agreement, the parties agree
as follows:

1. PRODUCTS

Aastrom hereby grants to Supplier the exclusive right to manufacture the Product as set forth on
Appendix A attached hereto, and to assemble, package, label, and sterilize the Product in
Supplier’s facilities in accordance with the terms of this Agreement.

2. OBLIGATIONS

	 	2.1	 	Supplier’s Obligations.

	 	2.1.1	 	Sterilization Cost. Supplier will include the cost of gamma sterilization in the
Product unit cost. Supplier shall arrange for initial sterilization validations and Aastrom
requested re-validations using mutually approved protocols. The cost for development of protocols,
execution of the validation, and writing of the sterilization final report shall be paid for by
Aastrom at a pre-approved cost. Supplier will coordinate sterilization schedules and will generate
purchase orders for sterilization to an Aastrom approved contract sterilization company. Subsequent
certificates of sterilization will be provided by the contract sterilization company to Supplier.
Supplier shall forward such certificates to Aastrom upon shipment of Product and will be included
in the Product unit price. In the event of a failed sterilization, Aastrom shall be responsible for
the sterilization costs of such product.
	 
	 	2.1.2	 	Quarterly Dose Audits. Supplier will coordinate the execution of quarterly dose
audits related to sterilized Product using a mutually approved standard operating procedure.
Aastrom will provide a purchase order for the periodic dose audits with associated bioburden and
sterility testing. Any Supplier requested modifications requiring re-validation will be performed
at Supplier’s expense.
	 
	 	2.1.3	 	Purchasing. Supplier is responsible for obtaining all Aastrom approved components
pertaining to the Product including those for manufacturing, assembly, packaging, labeling and
sterilization in accordance with the schedule and quantities outlined on Appendix A attached
hereto, unless otherwise noted in Appendix A of this Agreement. Supplier will order components
against pre-approved purchase specifications and will receive components against pre-approved
incoming inspection plans.

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	 	2.1.4	 	Schedule. Supplier will ship the Product in accordance with Appendix A of this
Agreement.
	 
	 	2.1.5	 	Production Affecting Events. Supplier will notify Aastrom of any plant shut down,
significant manufacturing delay, or other reasonably anticipated event that would result in the
inability of Supplier to provide product. Aastrom will be notified within two days of any major
shutdown or other information that may impede ATEK in the manufacture of the product.
	 
	 	2.1.6	 	Sustaining. Supplier shall provide reasonable ongoing manufacturing support of
the Product in order to satisfy production requirements outlined in Appendix A.

	 	2.2	 	Aastrom Obligations.

	 	2.2.1	 	Purchasing. Aastrom shall order and purchase the Product from Supplier based on
the schedule and quantities outlined on Appendix A attached hereto, as amended from time to time by
mutual consent, and subject to the Customer Supplied Inventory set forth on Appendix B attached
hereto.
	 
	 	2.2.2	 	Engineering Support. Aastrom shall provide Supplier with reasonable engineering
support to initiate and ramp up manufacturing of the Product, including training, substitute part
validation and sterilization validation.
	 
	 	2.2.3	 	Obsolescence. If Aastrom decides to make obsolete a component of the Product,
Aastrom shall reimburse Supplier at cost for any remaining inventory of such component and work in
process to the extent that such inventory and work in process can be converted into finished
Products, but not to exceed three (3) months of the Forecast (as defined in Section 9) Product
demand or as agreed to in writing by both parties.
	 
	 	2.2.4	 	Tooling for External Suppliers. Aastrom shall be responsible for costs in
connection to routine tooling maintenance performed by any external supplier appointed by Aastrom.

3. EQUIPMENT & CALIBRATION

All manufacturing equipment will be supplied by Aastrom. Supplier’s calibration group will
calibrate all applicable equipment within its capabilities. Calibration requirements for each piece
of equipment will be agreed upon individually and provided in writing to Supplier by Aastrom. For
all special equipment or processes requiring calibration, Supplier will consult with Aastrom on
requirements prior to taking action towards setup and routine calibration. Additional expenses
required for special calibration requirements will be agreed upon in advance and submitted to
Aastrom for payment.

4. CONFIDENTIALITY

It is anticipated that Aastrom and Supplier will need to exchange confidential information. All
such information concerning the subject matter of this Agreement is to be considered confidential
by the receiving party whether received orally, visually, or in written form. In the event of any
conflict between this Section 4 and any prior confidentiality agreement entered into between the
parties, the confidentiality provisions herein shall control.

During the term of this Agreement all confidential information disclosed hereunder shall be used by
the recipient solely for the purpose of this Agreement and shall not be used in any way for its own
account or for the account of any third party, or disclosed to third parties, nor to those within
the recipient’s company who do not have a need to know such information.

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Said obligations of confidentiality shall not apply to any information which:

	 	4.1	 	was in the possession of the recipient before disclosure hereunder as evidenced by
written records; or
	 
	 	4.2	 	is or becomes known to the public through no fault of the recipient party; or
	 
	 	4.3	 	is information received by the recipient from a third party who is under no obligation
to the disclosing party to maintain such information as confidential; or
	 
	 	4.4	 	is developed by the recipient independent of any disclosure hereunder as evidenced by
written records.

All confidential information shall at all times remain the property of the disclosing party, and
shall be returned to the disclosing party along with all copies thereof, immediately upon request
by the disclosing party.

No disclosure of confidential information shall be deemed to vest in the receiving party any rights
in any patents, trade secrets, or intellectual property or other property of the disclosing party,
other than as set forth in this Agreement.

5. DESIGN CONTROL AND SPECIFICATIONS

	 	5.1	 	General. Supplier shall only manufacture the Product to Aastrom’s
specifications and shall not change materials, specifications, design/configuration, procedures,
packaging or labeling without Aastrom’s prior written consent. Aastrom may reject any Product lots
that are defective or otherwise do not conform to Aastrom’s specifications, drawings, or to
Aastrom’s purchase orders.
	 
	 	5.2	 	Changes by Aastrom. Aastrom may change specifications from time to time as
needed, (e.g. to meet market requirements, comply with regulatory requirements, improve Product
function or quality, or lower Product cost). Any changes in specifications shall be conveyed to
Supplier in writing. Supplier shall confirm, in writing, its receipt of Aastrom’s changes and
shall use its commercial best efforts to implement the documented changes within forty-five (45)
days of notification unless otherwise agreed upon. Once changes are implemented, Supplier shall
immediately advise Aastrom in writing of the first Product lot to contain the changes.
	 
	 	 	 	Aastrom shall purchase from Supplier any affected finished goods that are in a usable condition and
comply with all Aastrom specifications, components or raw materials inventory and work in process
to the extent that such inventory and work in process can be converted into finished Products, that
Supplier has purchased or completed at Supplier’s actual cost, in aggregate quantities not to
exceed the actual accumulated monthly production from Aastrom purchase orders for ninety (90) days
preceding notice of discontinuation of the affected components of the Product or unless otherwise
mutually agreed in writing. However, Supplier agrees to make commercially best effort to minimize
the financial impact to Aastrom by optimizing the procurement of materials for minimal scrap once
Aastrom notifies Supplier of such changes.
	 
	 	 	 	If any Aastrom specification change directly affects the prices or schedule of the Product, a
reasonable adjustment for such increased costs of Supplier shall be made, provided that Supplier
makes and Aastrom accepts a written claim for an adjustment prior to manufacturing the Product.
Price adjustments shall be limited to the affected component or process and shall not constitute an
opportunity to renegotiate any other aspects of this Agreement or the manufacture of the Product.
If the parties are unable to agree upon the amount of the adjustment, Aastrom may, without
liability to Supplier, terminate this Agreement as to all or part of the affected Products.

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	 	5.3	 	Changes by Supplier. Supplier may recommend design or specification changes to
Aastrom but no such changes will be incorporated into the Product without Aastrom’s prior written
approval and without following appropriate documentation change procedures. Such Supplier proposed
changes shall be made at Aastrom’s expense.
	 
	 	5.4	 	Discontinuation of Product. Aastrom may discontinue the manufacture of the
Product at its sole discretion. In the event Aastrom decides to discontinue the manufacture of the
Product, Aastrom shall use commercially best efforts to notify Supplier at least one hundred twenty
(120) days prior to Aastrom’s intention to discontinue manufacture of the Product. Failure to
provide Supplier prior notice shall not be a breach of this Agreement; provided, however, if
Aastrom does not give Supplier one hundred twenty (120) days prior notice, Aastrom agrees to
purchase from Supplier any finished goods that are in a usable condition and comply with all
Aastrom specifications, component or raw materials inventory and work in process to the extent that
such inventory and work in process can be converted into finished Products, that Supplier has
purchased or completed at Supplier’s actual cost, in aggregate quantities not to exceed the actual
accumulated monthly production from Aastrom purchase orders for ninety (90) days preceding notice
of discontinuation of the Product.

6. QUALITY

	 	6.1	 	Quality Agreement. A separate written Quality
Agreement will be drafted and
mutually agreed upon between Aastrom and Supplier.

7. PRICING

	 	7.1	 	General. The Product shall be purchased and sold in U.S. dollars. Prices for the
manufacture of the Product are listed in Appendix A.
	 
	 	7.2	 	Annual Price Adjustment Notification. At least forty-five (45) days prior to the
end of the first year of the Term and each year thereafter that this Agreement remains in effect,
Supplier shall notify Aastrom of any proposed Product unit price increase or decrease for the next
succeeding year. Any increase or decrease in Product unit price shall be applicable only to those
production lots of the Product of which the production process is
completed after the change and
cost becomes effective and shall remain in effect until another price change occurs.
	 
	 	7.3	 	Justification of Price Increases. Supplier will provide written rationale for
its price increases for the Product any year during the Term upon Aastrom’s request. Aastrom and
Supplier will work collaboratively and in good faith to mitigate any potential cost increases.
	 
	 	7.4	 	Scrap. Supplier unit cost shall assume a scrap rate of [ * * * ]%. If during term of
this agreement actual scrap rate exceeds [ * * * ]% for a period of thirty (30) days or more, Supplier
will notify Aastrom in writing of the actual scrap rate and failure mode. Supplier and Aastrom will
work collaboratively to determine root cause of the increased scrap. When the supplier and Aastrom
agree on the root cause, financial responsibility shall remain with the party at cause. Best
efforts shall be made by both parties to resolve all scrap issues within 90 days from occurrence.
	 
	 	7.5	 	Cost Reduction. Both parties shall continuously work towards reducing costs. Any
cost reduction efforts researched and implemented by both parties shall result in a 50/50 gain
sharing of the savings realized. When a cost saving measure is solely driven by Aastrom the
savings will benefit Aastrom 100%. Aastrom and Supplier will meet periodically to review cost
reduction efforts and define an action plan for driving improvement.

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* * *
Text Omitted and Filed Separately
 with the Secretary of the
Commission
 Confidential Treatment Requested

 

8. TERM

The term of this Agreement shall be four (4) years from the Effective Date (the “Term”). At the end
of the initial Term, this Agreement shall terminate automatically without notice, unless, prior to
that time, the Term is extended by mutual written consent of the parties delivered at least six (6)
months prior to the termination date. The minimum term extension is to be no less than two (2)
years, except as expressly limited by the terms of this Agreement. Sections 3 and 11 through 28
shall survive the expiration or termination of this Agreement.

9. TERMINATION

	 	9.1	 	Procedure for Termination: This Agreement may be terminated as follows:

	 	9.1.1	 	Either party may terminate this Agreement if the other party materially defaults in the
performance of any provision of this Agreement. Should any such default occur, then the
non-defaulting party may give written notice to the defaulting party that if the default is not
cured within forty-five (45) days, the Agreement will be
terminated. If the non-defaulting party
gives such notice and the default is not cured during the forty-five (45) day period, then the
Agreement shall automatically terminate at the end of such period unless an extension is mutually
agreed to by both parties.
	 
	 	9.1.2	 	In addition to other remedies, either party may terminate the Agreement at any time if
either breaches its confidentiality obligations under Section 3, in which case termination shall be
effective immediately upon receipt of notice of the breach and of termination.
	 
	 	9.1.3	 	Either party may immediately terminate this Agreement by written notice upon the
occurrence of any of the following events: (i) the other party is or becomes insolvent or unable to
pay its debts as they become due within the meaning of the United States Bankruptcy Code (or any
successor statute) or any analogous foreign statute; or (ii) the other party appoints or has
appointed a receiver for all or substantially all of its assets, or makes an assignment for the
benefit of its creditors; or (iii) the other party files a voluntary petition under the United
States Bankruptcy Code (or any successor statute) or any analogous foreign statute; or (iv) the
other party has filed against it an involuntary petition under the United States Bankruptcy Code
(or any successor statute) or any analogous foreign statute, and such petition is not dismissed
within ninety (90) days.

	 	9.2	 	Return of Confidential Information and Equipment. Upon termination of this
Agreement for any reason, each party shall return all confidential information, including, but not
limited to technical information, and any equipment belonging to Aastrom, each party shall make no
further use of such information.
	 
	 	9.3	 	Inventory and Equipment Purchase Upon Termination. If the Agreement is
terminated by Supplier for material breach by Aastrom then Aastrom shall purchase: (a) finished
Product that are in a usable condition and comply with all Aastrom specifications, including
sterility on the date of termination; and (b) ninety (90) day work in process and component and raw
materials inventory to the extent that such work in process and inventory can be converted into
finished Products, all based on Aastrom’s Forecast needs. Such purchases shall be made within sixty
(60) days following the effective date of the termination.
	 
	 	9.4	 	Other Termination. If the Agreement terminates by mutual agreement of both
parties, then both parties will mutually agree upon the purchase and/or disposition of raw
component materials, Product and/or equipment. Supplier shall provide reasonable technical support
to transition Product to new manufacturing facility. Such technical support will be provided at
Supplier’s published engineering rates and shall be at Aastrom’s expense. If the Agreement
terminates by

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	 	 	 	Aastrom for material breach by Supplier, then Aastrom shall be required to purchase any raw
materials, inventory or Products at any stage of assembly as long as all materials are within
current Aastrom specification.

10 FORECAST, ORDERS AND QUANTITY

	 	10.1	 	Purchase Orders. Orders by Aastrom shall be initiated by purchase orders
executed by an authorized representative of Aastrom. Supplier shall provide written confirmation to
Aastrom within 3 business days. If Supplier is unable to meet requested delivery date Supplier will
provide alternative delivery date based on current manufacturing schedule. Supplier will make best
effort to achieve Aastrom requested delivery date.
	 
	 	10.2	 	Delivery. Supplier shall use best efforts to ship the Product for delivery by the
requested date on the Aastrom purchase order. In order for shipment to be considered timely, a
delivery must be shipped no earlier than three (3) days prior or no days later to the requested
date.
	 
	 	10.3	 	Production Forecast. Aastrom will provide to Supplier a twelve (12) month rolling
forecast (“Forecast”) upon the placement of initial production order. At all times the first three
(3) months will represent a firm production demand.

11 SHIPMENT, RISK OF LOSS AND PAYMENT TERMS

Supplier shall ship the Product in accordance with Aastrom’s delivery instructions specified in
Aastrom’s purchase orders. Delivery shall be FOB Supplier’s
dock in Grand Rapids, MI. Supplier
shall deliver all Products ordered by Aastrom in accordance with the requested delivery dates as
indicated in Aastrom’s purchase orders. Aastrom shall be responsible for shipping costs.

All Products delivered by Supplier pursuant to this Agreement shall be packed as per standard
operating procedure for the designated carrier. All Product shipped will include the Certificate of
Conformance and will specify Aastrom part number, lot number and quantity. All Product will be
shipped with appropriate shipping documentation and clearly marked with part number, order number,
and quantity.

Payments for Products are due within thirty (30) days of the invoice date. In the event that any
terms and conditions on any Supplier invoice or Aastrom purchase order conflict with the terms of
this Agreement, the terms of this Agreement shall govern.

12 INTELLECTUAL PROPERTY RIGHTS

All confidential information, including technical data and intellectual property rights, including
without limitation, patents, patents pending, patent applications, trademarks, service marks, trade
secrets and copyrights (the “Intellectual Property”), associated with the development, design, and
manufacture of the Product are and shall remain the exclusive property of Aastrom, and may be used
by Supplier only as specifically set forth in this Agreement. Aastrom reserves to itself and
retains all right, title and interest in and to the Intellectual Property embodied in the Product
and to any modifications, enhancements, improvements and upgrades thereto.

Supplier understands and agrees that it has no license to any Aastrom product, technology,
Intellectual Property or other property, except as set forth in this Agreement.

13 WARRANTY AND PRODUCT RECALL

	 	13.1	 	Warranty. Supplier warrants for the shelf life period (18 months) of the Product
after delivery that (i) the Product shall be manufactured in compliance with documentation provided
and certified by

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	 	 	 	Aastrom; (ii) the Product delivered shall conform to documented specifications, including component
inspection, test, and product release testing; (iii) any components or parts shall be sourced from
Aastrom approved vendors and inspected by mutually approved incoming inspection plans; (iv) the
Product will be free of defects related to internal sterilization, workmanship, or material; (v) it
shall not manufacture Product in advance of confirmed purchase orders so that the Product is
delivered with the longest possible expiration date; and (vi) it shall manufacture the Product in a
workmanlike manner and in accordance with industry standards and not in violation or infringement
of any patent, copyright or trademark laws (the “Product Warranty”). Should any failure to conform
to the Product Warranty become apparent, Aastrom shall notify Supplier in writing, and Supplier
will either correct such nonconformity by repair or replacement of the defective Product or credit
Aastrom for any payments made with respect to the value of any defective Product including related
direct expenses to Aastrom.

	 	13.2	 	Aastrom warrants that the specifications and license contemplated herein do not violate or
infringe any laws, regulations or standards, including any patent, copyright or trademark laws.
	 
	 	 	 	Supplier’s Product Warranty does not extend to (i) any Product rendered defective by a component
provided by Aastrom, unless Supplier is aware of the defect at or before the time the Product is
assembled, or (ii) to defects caused by improper sterilization, use, transportation, maintenance or
storage; negligence; or unauthorized repair, service or modification, unless caused by Supplier.
	 
	 	 	 	EXCEPT FOR THE WARRANTIES SET FORTH IN THIS AGREEMENT, SUPPLIER EXPRESSLY DISCLAIMS ALL OTHER
WARRANTIES, EXPRESSED OR IMPLIED, ARISING BY OPERATION OF LAW OR OTHERWISE, INCLUDING IMPLIED
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

14 INDEMNIFICATION AND LIMITATION OF LIABILITY

	 	14.1	 	Indemnification. Each party (the “Indemnifying Party”) will indemnify and hold
harmless the other party (the “Indemnified Party”) from any claims, actions, proceedings, awards,
demands, losses, damages or expenses suffered by the Indemnified Party (“Losses”), whether or not
such Losses relate to any liability to a third party, claimed or arising from or relating to a
material breach of the Indemnifying Party’s representations, warranties or covenants under this
Agreement or the Indemnifying Party’s negligence.
	 
	 	 	 	Supplier shall not indemnify Aastrom for any Losses claimed or arising from or relating to (A) the
Intellectual Property provided by Aastrom for the manufacture of or incorporation into the Product,
or (B) the use of the Product by customers in any manner inconsistent with the Product’s intended
purposes.
	 
	 	14.2	 	Procedure. To obtain indemnification, the Indemnified Party shall: (a) provide
prompt notice in writing of any such Losses claimed to the Indemnifying Party and permit the
Indemnifying Party, through counsel chosen by the Indemnifying Party, the opportunity to answer and
defend such claims; and (b) provide the Indemnifying Party information, assistance and authority,
at the Indemnifying Party’s expense, to assist the Indemnifying Party in defending such claims.
Neither party shall be responsible for any settlement made by the other party without the other
party’s prior written approval. Neither party shall admit any liability of the other party without
the other party’s prior written approval.
	 
	 	14.3	 	Limitation of Liability. Notwithstanding any other provision of this Agreement,
neither party shall be liable to the other for, nor obligated to allow claims for, special,
incidental, consequential, or other indirect damages or expenses of any kind.

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15 ADDITIONAL REPRESENTATIONS AND WARRANTIES OF THE PARTIES

	 	15.1	 	Aastrom hereby represents and warrants to Supplier that:

	 	15.1.1	 	Aastrom is a corporation duly incorporated, validly existing and in good standing under
the laws of the State of Michigan, and has all corporate power and authority to own, lease and
operate its properties and to carry on its businesses as it is currently being conducted. Aastrom
has all necessary corporate power and authority to enter into this Agreement and to perform its
obligations hereunder. This Agreement has been duly authorized, executed and delivered by Aastrom.
	 
	 	15.1.2	 	Aastrom is the lawful owner of all right, title and interest in and to the applicable
Intellectual Property incorporated in the Product, free and clear of all liens, claims, security
interests or other restrictions or encumbrances.

	 	15.2	 	Supplier hereby represents and warrants to Aastrom that:

	 	15.2.1	 	Supplier is a company duly organized and existing under the laws of the State of
Minnesota, and has all power and authority to own, lease and operate its properties and to carry on
its businesses as currently conducted. Supplier has all necessary power and authority to enter into
this Agreement and to perform its obligations hereunder. This Agreement has been duly authorized,
executed and delivered by Supplier.
	 
	 	15.2.2	 	Supplier has the manufacturing and assembly facilities and personnel reasonably necessary
to perform its functions and otherwise carry out its obligations under the terms of this Agreement.
	 
	 	15.2.3	 	Supplier warrants that all Products manufactured, sold and shipped pursuant to this
Agreement shall have been manufactured and shipped by Supplier in compliance with applicable U.S.
Food and Drug Administration regulations and current Good Manufacturing Practices requirements set
forth in the Quality System promulgated under the U.S. Food, Drug & Cosmetic Act.

16 RELATIONSHIP OF THE PARTIES

The parties understand and agree that Supplier is a vendor to Aastrom and that neither party is an
agent of the other nor are the parties to be legal partners, joint ventures or otherwise. Except as
expressly set forth in this Agreement, no rights or licenses are granted by either party to the
other. Neither party shall be entitled to participate in any plans, arrangements or distributions
offered by the other party to its employees, including without limitation any bonus, profit
sharing, insurance or similar benefits. Each party shall be solely responsible to purchase any
required insurance on behalf of its employees and to pay any applicable taxes. Neither party has
authority to bind the other by contract or agreement, of any kind, nor to undertake any obligation
on behalf of the other party.

17 SUCCESSORS, ASSIGNS AND SUBCONTRACTORS

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. Neither party may assign rights nor delegate duties, including
to a subcontractor, under this Agreement without the prior written consent of the other party
except in the event of a merger, consolidation or sale of all or substantially all of its assets
and the assignee agrees to be bound to the terms of this Agreement. Any assignee or delegate must
agree to be bound by the terms of this Agreement.

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18 NO WAIVER

None of the terms of this Agreement shall be deemed to be waived by any party unless such waiver is
in writing duly executed by the party to be charged with such waiver and such writing recites
specifically that it is a waiver of the terms of this Agreement. The waiver by either party of any
breach of any agreement, warranty or covenant contained in this Agreement shall not be construed to
act as a waiver of any subsequent breach. The failure or delay of either party to exercise any
right, power or remedy shall not operate as a waiver thereof, and all rights, powers and remedies
shall continue in full force and effect. All rights, powers and remedies of both parties provided
for in this Agreement are cumulative and non-exclusive, except as otherwise expressly provided.

19 NO INVALIDITY

The unenforceability or invalidity of any one or more provisions hereof shall not render any other
provision herein contained unenforceable or invalid.

20 ENTIRE AGREEMENT; NO OTHER AGREEMENTS

This Agreement constitutes the entire agreement between the parties relating to the subject
matter herein, and all oral or written, prior and contemporaneous proposals, understandings, course
of conduct and writings by and between the parties and relating to the subject matter herein is
superseded hereby.

Neither party has any other Agreement of any kind or nature with any other person, corporation or
entity which would or might prevent it from entering into this Agreement with the other party
hereto.

21 MODIFICATION

This Agreement may be modified or altered through written instrument duly executed by Supplier and
Aastrom.

22 NOTICES

Any notice, except purchase orders, required to be sent by one party to the other pursuant to the
terms of this Agreement shall be effective only if such notice or request is in writing, duly
delivered to the other party. Such written notice or request shall be deemed to be duly delivered
if delivered in person or sent by telegram, telex or facsimile transmission or sent by registered
mail, as follows:

If to Aastrom, to:

Aastrom BioSciences.

Domino’s Farms, Lobby K

24 Frank Lloyd Wright Drive

Ann Arbor, Michigan 48105

Attn: Director of Engineering Development

Facsimile: 734 930-5520

If to Supplier, to:

ATEK Medical, LLC

620 Watson SW

Grand Rapids, MI 49504-6393

Attn: VP Business Development

Facsimile: 616 643-1044

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23 CHOICE OF LAW

This Agreement will be governed, construed and enforced in accordance with the laws of the State of
Michigan, without regard to the principles of conflicts of laws.

24 DISPUTE RESOLUTION

Final and binding arbitration of any dispute shall be conducted in the State of Michigan. Except
with respect to any disputes relating to the provisions on confidentiality and Aastrom’s
intellectual property rights, any disputes arising hereunder, if not resolved after good faith
negotiation between the parties, shall be finally settled by binding arbitration in accordance with
the commercial rules and under the auspices of one arbitrator of the American Arbitration
Association. The award thereof shall be final and binding upon both parties. Each party shall bear
its own expenses of the arbitration, unless the arbitration award states that the expense shall be
otherwise assessed, including its own attorneys’ fees and costs. The parties shall share equally
the expenses of the arbitration, including payment to the arbitrator(s).

Notwithstanding the foregoing, in the event both parties hereto are named as defendants by an arms
length third party plaintiff asserting a claim against both parties, then and in such event, either
party may seek the resolution of their respective indemnity rights and obligations as herein set
forth, arising from such claim in said proceedings.

Notwithstanding the foregoing, both parties-acknowledge that any breach by it of its
confidentiality obligations or of the provisions governing Aastrom’s intellectual property rights
will cause Aastrom irreparable harm for which injunctive relief is the only adequate remedy.
Supplier therefore agrees that Aastrom shall have the right to seek injunctive or other immediate
relief from any United States court or tribunal of competent jurisdiction to prevent or stop any
violations of those Supplier obligations. Should Aastrom desire to seek injunctive relief after an
arbitration proceeding is commenced by either party, Supplier hereby agrees to the filing of such
action according to the terms of this paragraph.

25 FORCE MAJEURE

Failure of either party to perform its obligations under this Agreement shall not subject such
party to any liability to the other party if such failure is caused by any cause beyond the
reasonable control of such nonperforming party, including, but not limited to, acts of God, fire,
explosion, flood, drought, war, riot, terrorism, sabotage, embargo, strikes or other labor trouble
or a national health emergency.

26 RISK MITIGATION

	 	26.1	 	Upon termination of Agreement, Supplier agrees to provide reasonable technical support at
Supplier’s published engineering rates for the transfer of manufacturing technology to an
alternative manufacturer chosen by Aastrom to conduct final manufacture, package and test of the
Product (“Backup Manufacturer”), in the event that;

	 	  26.1.1	 	Supplier, for a period of one hundred and fifty (150) days from the date of receipt of
the associated purchase order, is unable to manufacture all of Aastrom’s orders for any reason, or
	 
	 	  26.1.2	 	Supplier fails or refuses to meet Aastrom’s orders for the Product pursuant to the terms
of this Agreement.

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27 INSURANCE

Supplier shall maintain during the term of this Agreement, and for a reasonable period thereafter,
general liability insurance and product liability insurance, which insurances shall be in amounts
and of a type customarily maintained by companies similarly situated. Each such insurance shall
provide at least [* * *] ($ [* * *])
U.S. Dollars in coverage per occurrence combined single limit,
bodily injury/property damage and [* * *] ($ [* * *])
U.S. Dollars aggregate liability limits.
Additionally, Supplier warrants that such insurance will not be changed or canceled without at
least thirty (30) days prior written notice to Aastrom.

28 APPENDIX TO THIS AGREEMENT

Included in this Agreement are the following Appendices:

Appendix A – Pricing Schedule and Volume

Appendix B – Customer Supplied Inventory

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their
respective duly authorized officers on the day and year first above written.

	 	 	 	 	 	 	 	 	 

	Aastrom Bioscience	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By: 

Name:

	 	/s/ Tim Mayleben
 

Tim Mayleben
	 	 	 	Date: 11-8-10
	 	 
	Title:

	 	CEO	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	ATEK Medical	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By: 

Name:

	 	/s/ Scott Fetzer
 

Scott Fetzer
	 	 	 	Date: 08/NOVEMBER/2010
	 	 
	Title:

	 	Sr VP Business Growth	 	 	 	 	 	 

11

* * *
Text Omitted and Filed Separately
 with the Secretary of the
Commission
 Confidential Treatment Requested

 

APPENDIX
A 

Pricing Schedule and Volume

[* * *]

12

* * *
Text Omitted and Filed Separately
 with the Secretary of the
Commission
 Confidential Treatment Requested

 

APPENDIX
B

Customer Supplied  Inventory

[* * *]

13

* * *
Text Omitted and Filed Separately
 with the Secretary of the
Commission
 Confidential Treatment Requestedexv10w1

			
	
	 	Exhibit 10.1

DISBURSEMENT REQUEST AND AUTHORIZATION

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Principal
	 	Loan Date
	 	Maturity
	 	Loan No
	 	Call / Coll
	 	Account
	 	Officer
	 	Initials
	$1,000,000.00
	 	03-10-2011
	 	03-01-2013
	 	7100839
	 	CLS 07 / 240
	 	600714
	 	765	 	 

References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing “***” has been omitted due to
text length limitations.

	 	 	 	 	 	 	 
	Borrower:

	 	BISCO INDUSTRIES, INC.
	 	Lender:
	 	COMMUNITY BANK
	 

	 	1500 N. LAKEVIEW AVE.
	 	 	 	ANAHEIM BRANCH
	 

	 	ANAHEIM, CA 92807
	 	 	 	1750 S. STATE COLLEGE BLVD.
	 

	 	 	 	 	 	ANAHEIM, CA 92806
	 

	 	 	 	 	 	(800) 788-9999

LOAN TYPE. This is a Variable Rate Nondisclosable Loan to a Corporation for $1,000,000.00 due on
March 1, 2013.

PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for:

     o Personal, Family, or Household Purposes or Personal Investment.

     þ Business (Including Real Estate Investment).

SPECIFIC PURPOSE. The specific purpose of this loan is: WORKING CAPITAL.

DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all
of Lender’s conditions for making the loan have been satisfied. Please disburse the loan proceeds
of $1,000,000.00 as follows:

	 	 	 	 	 
	Other Disbursements:
	 	$	1,000,000.00	 
	$1,000,000.00 Principal paydown on Loan No. 155354101
	 	 	 
	 
	 	 	 
	 
	 	 	 	 
	Note Principal:
	 	$	1,000,000.00	 

AUTOMATIC PAYMENTS. Borrower hereby authorizes Lender automatically to deduct from Borrower’s
Demand Deposit - Checking account, numbered 704000652, the amount of any loan payment. If the funds
in the account are insufficient to cover any payment, Lender shall not be obligated to advance
funds to cover the payment. At any time and for any reason, Borrower or Lender may voluntarily
terminate Automatic Payments.

FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT
THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL ADVERSE
CHANGE IN BORROWER’S FINANCIAL CONDITION AS DISCLOSED IN BORROWER’S MOST RECENT FINANCIAL STATEMENT
TO LENDER. THIS AUTHORIZATION IS DATED MARCH 10, 2011.

BORROWER:

BISCO
INDUSTRIES, INC.

					
	 	
 	 
	 	By:  	/s/
GLEN  F. CEILEY
 	 
	 	 	GLEN  F. CEILEY,  Chairman and
CEO of BISCO 	 
	 	 	INDUSTRIES, INC. 	 
	 

LASER
PRO Lending, Ver 5,55,00,002 Copr. Harland Financial Solution, Inc.
1997, 2011. All Rights Reserved. — CA G:\CFISO\CFI\LPL\120.FC
TR-12974 PR-UCCSEC

 

 

PROMISSORY NOTE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Principal

	 	Loan Date
	 	Maturity
	 	Loan No
	 	Call / Coll
	 	Account
	 	Officer
	 	Initials
	$1,000,000.00
	 	03-10-2011
	 	03-01-2013
	 	7100839
	 	CLS 07 / 240
	 	600714
	 	765	 	 

References in the boxes above are for Lender’s use only and do not limit the applicability of this
document to any particular loan or item.
 Any item above containing “***” has been omitted due to
text length limitations.

	 	 	 	 	 	 	 
	Borrower:

	 	BISCO INDUSTRIES, INC.	 	 Lender:
	 	COMMUNITY BANK
	 

	 	1500 N. LAKEVIEW AVE.
	 	 	 	ANAHEIM BRANCH
	 

	 	ANAHEIM, CA 92807
	 	 	 	1750 S. STATE COLLEGE BLVD.
	 

	 	 	 	 	 	ANAHEIM, CA 92806
	 

	 	 	 	 	 	(800) 788-9999

	 	 	 
	Principal Amount: $1,000,000.00
	 	Date of Note: March 10, 2011

PROMISE TO PAY. BISCO INDUSTRIES, INC. (“Borrower”) promises to pay to COMMUNITY BANK (“Lender”),
or order, in lawful money of the United States of America, the principal amount of One Million &
00/100 Dollars ($1,000,000.00), together with interest on the unpaid principal balance from March
10, 2011, until paid in full.

PAYMENT. Borrower will pay this loan in full immediately upon Lender’s demand. If no demand is
made, subject to any payment changes resulting from changes in the Index, Borrower will pay this
loan in 24 payments of $43,083.05 each payment. Borrower’s first payment is due April 1, 2011, and
all subsequent payments are due on the same day of each month after that. Borrower’s final payment
will be due on March 1, 2013, and will be for all principal and all accrued interest not yet paid.
Payments include principal and interest. Unless otherwise agreed or required by applicable law,
payments will be applied to any accrued unpaid interest; then to principal; then to late charges;
then to any unpaid collection costs. Notwithstanding anything to the contrary contained in the
immediately preceding sentence, all payments will be applied as invoiced, so any payment received
prior to the due date will result in an invoice the succeeding month that is calculated to include
a partial interest credit. Conversely, if a payment is received after the due date, the succeeding
month’s invoice will reflect a higher accrued interest amount than would otherwise be due if the
payment had been made and applied on the due date. Borrower will pay Lender at Lender’s address
shown above or at such other place as Lender may designate in writing.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from time to time based
on changes in an index which is the rate from time to time established by Lender as its Reference
Rate and used to determine the actual interest rates charged on commercial loans, with the
understanding that such Reference Rate is only one of the base rates that may be used by Lender to
determine the actual interest rate charged on a commercial loan and may not be the lowest of the
base rates so used (the “Index”). Lender will tell Borrower the current Index rate upon Borrower’s
request. The interest rate change will not occur more often than each day. Borrower understands
that Lender may make loans based on other rates as well. The Index currently is 3.250% per
annum. Interest on the unpaid principal balance of this Note will be calculated as described in the
“INTEREST CALCULATION METHOD” paragraph using a rate equal to the Index, resulting in an initial
rate of 3.250%. NOTICE: Under no circumstances will the interest rate on this Note be more than the
maximum rate allowed by applicable law. Whenever increases occur in the interest rate, Lender, at
its option, may do one or more of the following: (A) increase Borrower’s payments to ensure
Borrower’s loan will pay off by its original final maturity date, (B) increase Borrower’s payments
to cover accruing interest, (C) increase the number of Borrower’s payments, and (D) continue
Borrower’s payments at the same amount and increase Borrower’s final payment.

INTEREST CALCULATION METHOD. Interest on this Note is computed on a 365/360 basis; that is, by
applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding
principal balance, multiplied by the actual number of days the principal balance is outstanding.
All interest payable under this Note is computed using this method.

PREPAYMENT; MINIMUM INTEREST CHARGE. In any event, even upon full prepayment of this Note, Borrower
understands that Lender is entitled to a minimum interest charge of $500,00. Other than Borrower’s
obligation to pay any minimum interest charge, Borrower may pay without penalty all or a portion of
the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower’s obligation to continue to make payments under the payment
schedule. Rather, early payments will reduce the principal balance due and may result in Borrower’s
making fewer payments. Borrower agrees not to send Lender payments marked “paid in full”, “without
recourse”, or similar language. If Borrower sends such a payment, Lender may accept it without
losing any of Lender’s rights under this Note, and Borrower will remain obligated to pay any
further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes “payment in full”
of the amount owed or that is tendered with other conditions or limitations or as full satisfaction
of a disputed amount must be mailed or delivered to: COMMUNITY BANK, Loan Support Group, Post
Office Box 54477 Los Angeles, CA 90054.

LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid
portion of the regularly scheduled payment or $25.00, whichever is greater.

INTEREST AFTER DEFAULT. Upon default, the interest rate on this Note shall, if permitted under
applicable law, immediately increase by adding an additional 5,000 percentage point margin
(“Default Rate Margin”). The Default Rate Margin shall also apply to each succeeding interest rate
change that would have applied had there been no default.

DEFAULT. Each of the following shall constitute an event of default (“Event of Default”) under this
Note:

	 	 	 	Payment Default. Borrower fails to make any payment when due under this Note.
	 
	 	 	 	Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or
condition contained in this Note or in any of the related documents or to comply with or to perform
any term, obligation, covenant or condition contained in any other agreement between Lender and
Borrower.
	 
	 	 	 	Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of
credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any
other creditor or person that may materially affect any of Borrower’s property or Borrower’s
ability to repay this Note or perform Borrower’s obligations under this Note or any of the related
documents.
	 
	 	 	 	False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower
or on Borrower’s behalf under this Note or the related documents is false or misleading in any
material respect, either now or at the time made or furnished or becomes false or misleading at any
time thereafter.

 

 

					
	 
	 	PROMISSORY NOTE	 	 
	Loan No: 7100839
	 	(Continued)
	 	Page 2

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the
insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any
assignment for the benefit of creditors, any type of creditor workout, or the commencement of any
proceeding under any bankruptcy or insolvency laws by or against Borrower.

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether
by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or
by any governmental agency against any collateral securing the loan. This includes a garnishment of
any of Borrower’s accounts, including deposit accounts, with Lender. However, this Event of Default
shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness
of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives
Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a
surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its
sole discretion, as being an adequate reserve or bond for the dispute.

Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor,
endorser, surety, or accommodation party of any of the indebtedness or any guarantor, endorser,
surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of,
or liability under, any guaranty of the indebtedness evidenced by this Note.

Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common
stock of Borrower.

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender
believes the prospect of payment or performance of this Note is impaired.

Insecurity. Lender in good faith believes itself insecure.

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not
been given a notice of a breach of the same provision of this Note within the preceding twelve (12)
months, it may be cured if Borrower, after Lender sends written notice to Borrower demanding cure
of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more
than fifteen (15) days, immediately initiates steps which Lender deems in Lender’s sole discretion
to be sufficient to cure the default and thereafter continues and completes all reasonable and
necessary steps sufficient to produce compliance as soon as reasonably practical.

LENDER’S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under this
Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount.

ATTORNEYS’ FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if
Borrower does not pay. Borrower will pay Lender that amount. This includes, subject to any limits
under applicable law, Lender’s attorneys’ fees and Lender’s legal expenses, whether or not there is
a lawsuit, including attorneys’ fees, expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), and appeals, Borrower also will pay any court
costs, in addition to all other sums provided by law.

JURY
WAIVER. To the extent permitted by applicable law. Lender and Borrower hereby waive the right
to any jury trial in any action, proceeding, or counterclaim brought by either Lender or Borrower
against the other. 

GOVERNING LAW. This Note will be governed by federal law applicable to Lender and, to the extent
not preempted by federal law, the laws of the State of California without regard to its conflicts
of law provisions. This Note has been accepted by Lender in the State of California.

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $15.00 if Borrower makes a payment on
Borrower’s loan and the check or preauthorized charge with which Borrower pays is later dishonored.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in
all Borrower’s accounts with Lender (whether checking, savings, or some other account). This
includes all accounts Borrower holds jointly with someone else and all accounts Borrower may open
in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for
which setoff would be prohibited by law. Borrower authorizes Lender, to the extent permitted by
applicable law, to charge or setoff all sums owing on the indebtedness against any and all such
accounts.

COLLATERAL. Borrower acknowledges this Note is secured by Collateral as described in two (2)
Commercial Security Agreements each dated March 23, 2010.

ARBITRATION. Borrower and Lender agree that all disputes, claims and controversies between them
whether individual, joint, or class in nature, arising from this Note or otherwise, including
without limitation contract and tort disputes, shall be arbitrated pursuant to the Rules of the
American Arbitration Association in effect at the time the claim is filed, upon request of either
party. No act to take or dispose of any collateral securing this Note shall constitute a waiver of
this arbitration agreement or be prohibited by this arbitration agreement. This includes, without
limitation, obtaining injunctive relief or a temporary restraining order; invoking a power of sale
under any deed of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or
exercising any rights relating to personal property, including taking or disposing of such property
with or without judicial process pursuant to Article 9 of the Uniform Commercial Code. Any
disputes, claims, or controversies concerning the lawfulness or reasonableness of any act, or
exercise of any right, concerning any collateral securing this Note, including any claim to
rescind, reform, or otherwise modify any agreement relating to the collateral securing this Note,
shall also be arbitrated, provided however that no arbitrator shall have the right or the power to
enjoin or restrain any act of any party. Borrower and Lender agree that in the event of an action
for judicial foreclosure pursuant to California Code of Civil Procedure Section 726, or any similar
provision in any other state, the commencement of such an action will not constitute a waiver of
the right to arbitrate and the court shall refer to arbitration as much of such action, including
counterclaims, as lawfully may be referred to arbitration. Judgment upon any award rendered by any
arbitrator may be entered in any court having jurisdiction. Nothing in this Note shall preclude any
party from seeking equitable relief from a court of competent jurisdiction. The statute of
limitations, estoppel, waiver, laches, and similar doctrines which would otherwise be applicable in
an action brought by a party shall be applicable in any arbitration proceeding, and the
commencement of an arbitration proceeding shall be deemed the
commencement of an action for these purposes. The Federal Arbitration Act shall apply to the
construction, interpretation, and enforcement of this arbitration provision.

PRIMARY BANKING RELATIONSHIP. Borrower and Lender acknowledge and agree that Borrower now maintains
or will maintain its primary banking relationship, including its primary deposit account
relationship (“Primary Banking Relationship”), with Lender. In the event Borrower ceases to
maintain its Primary Banking Relationship with Lender (as determined by Lender in its sole
discretion), the interest rate margin set forth in this Note shall be increased by one percent
(1.00%) from zero percent (0.00%) to one percent (1.00%), at Lender’s option, following a five (5)
day written notice to the Borrower.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower’s
heirs, personal representatives, successors and assigns, and shall inure to the benefit of Lender
and its successors and assigns.

NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Borrower may notify
Lender if Lender reports any inaccurate information about Borrower’s account(s) to a consumer
reporting agency. Borrower’s written notice describing the specific inaccuracy(ies) should be sent
to Lender at the following address: COMMUNITY BANK Loan Support Group P.O. Box 54477 Los Angeles,
CA 90054.

 

 

					
	 
	 	PROMISSORY NOTE	 	 
	Loan No: 7100839
	 	(Continued)
	 	Page 3

GENERAL PROVISIONS. This Note is payable on demand. The inclusion of specific default provisions or
rights of Lender shall not preclude Lender’s right to declare payment of this Note on its demand.
If any part of this Note cannot be enforced, this fact will not affect the rest of the Note. Lender
may delay or forgo enforcing any of its rights or remedies under this Note without losing them.
Borrower and any other person who signs, guarantees or endorses this Note, to the extent allowed by
law, waive any applicable statute of limitations, presentment, demand for payment, and notice of
dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in
writing, no party who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties agree that Lender may renew or extend
(repeatedly and for any length of time) this loan or release any party or guarantor or collateral;
or impair, fail to realize upon or perfect Lender’s security interest in the collateral; and take
any other action deemed necessary by Lender without the consent of or notice to anyone. All such
parties also agree that Lender may modify this loan without the consent of or notice to anyone
other than the party with whom the modification is made. The obligations under this Note are joint
and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING
THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

BORROWER:

	 	 	 	 	 
	 	BISCO INDUSTRIES, INC.

 	 
	 	By:  	/s/ GLEN  F. CEILEY
 	 
	 	 	GLEN  F. CEILEY,

Chairman and CEO of BISCO INDUSTRIES, INC. 	 
	 

LASER
PRO Lending. Ver 5.55.00.002 Copr, Harland Financial
 Solutions, Inc. 1997, 2011. All Rights Reserved — CA
G:\CFISO\CFI\LPL\020.FC TR-12974 PR-UCCSEC

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