THE SYMBOL '***' IS USED THROUGHOUT THIS EXHIBIT TO INDICATE THAT A PORTION OF
THE EXHIBIT HAS BEEN OMITTED AS CONFIDENTIAL
EXECUTIVE EMPLOYMENT AGREEMENT
This Agreement dated 30 October 2007
DAVID D. McMASTERS , of P.O. Box 2480, North Bend, Washington, 98045
ANGIOTECH PHARMACEUTICALS (US), INC.,
a corporation incorporated under the laws of the State of Washington
Angiotech wishes to continue to employ the Executive in the position of General Counsel and Senior Vice
President, Legal, on and subject to the terms and conditions of this Agreement.
The Executive wishes to continue to be so employed.
For good and valuable consideration, the receipt and sufficiency of which each party acknowledges, the parties
agree as follows:
Angiotech US will employ the Executive, and the Executive will serve Angiotech US, subject to and in
accordance with the terms of this Agreement.
will be employed in the position of General Counsel and Senior Vice President, Legal, at
Angiotech's offices in North Bend, Washington;
will report to Angiotech Canada's Chief Executive Officer; and
will perform those duties and responsibilities assigned to the Executive by Angiotech from time to
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Angiotech may ask the Executive to serve as an officer of Angiotech Canada, and/or as a director and/or
officer of Angiotech US or one or more of Angiotech US and Angiotech Canada's affiliates or subsidiaries.
The Executive will be employed by Angiotech on a full-time basis, and agrees that:
the Executive's hours of work will vary, and will be those hours required to perform the
Executive's duties and responsibilities under this Agreement; and
the remuneration paid to the Executive under this Agreement constitutes remuneration,
compensation, and payment in full for all h