**FedEx      Pricing Agreement**

**Agreement      Number:**
**219889**

**Customer      Name:**
**ISORAY      MEDICAL INC.**

| 1. | **Pricing.**                FedEx agrees to provide to Customer express and ground transportation                services under the following terms. |
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| (a) | **Express                Pricing.**                The effective discounts for the FedEx Express services utilized by                Customer are attached and incorporated by reference. A courtesy copy                of                the applicable discounts reflected as net rates is available upon                request                from Customer’s FedEx sales professional. The net rate sheets are provided                as a courtesy and are not incorporated within the Agreement. Discounts                are                applied to published express transportation rates in effect at the                time of                shipment and are not applied to special handling fees, ancillary                or other                charges. |
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| (b) | **Ground                Pricing.**                Customer shall continue to receive its current FedEx Ground pricing                for                the applicable services. A courtesy copy of Customer’s pricing reflected                as net rates is available upon request from Customer’s FedEx sales                professional. The net rate sheets are provided as a courtesy and                are not                incorporated within the Agreement. FedEx will provide such services                to                Customer for each package that Customer drops off at FedEx World                Service                Centers and other participating locations as identified by FedEx                from time                to time. FedEx may at its sole discretion provide Customer with regularly                scheduled pick-ups for Ground                services. |
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| (c) | **Pricing                Terms.**                The pricing provided to Customer is for Customer’s exclusive use and                benefit and may not be resold or otherwise extended to any other                party                without FedEx’s prior written consent. The effective date(s) (“Effective                Date”) of Customer’s pricing under this Agreement is set forth on the                applicable attachments. FedEx will provide 10 days written or                electronically transmitted notice of any changes by FedEx to Customer’s                discounts or incentives provided pursuant to this Agreement. Only                the                account and barcode numbers verified by FedEx will participate in                the                pricing. Only the billed account and barcode number will receive                the                applicable discounts, incentives and revenue                credit. |
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| 2. | **Service                Guide.**                Each shipment made with FedEx is subject to the terms and conditions                of                the FedEx Service Guide, for the country of origin, in effect at                the time                of shipment, which terms are incorporated by reference. FedEx reserves                the                right to modify the FedEx Service Guide, including a modification                of the                published transportation rates, at anytime without notice. Customer                is                directed to the FedEx website www.fedex.com for changes in the FedEx                Service Guide. In the event there is a conflict between this Agreement                and                the FedEx Service Guide, the provisions of this Agreement                control. |
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| 3. | **Payment                Terms.**                Payment on all accounts is due 15 days from the invoice date. However,                invoices for duties and taxes are payable on receipt. Customer agrees                that                remaining current on all payables is a condition to the extension                of                credit, discounts and incentives. Failure to comply with payment                terms may                result in denial of credit or removal of applicable discounts and                incentives. |
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| 4. | **Automation.**                Customer agrees to use automated shipping devices when provided by                FedEx                at U.S. shipping locations and an agreement for the placement or                use of                any such shipping device shall be executed prior to such placement                or                use. |
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| 5. | **Excise                Tax.**                A                federal excise tax, when required by the Internal Revenue Code on                the air                transportation portion of this service, if any, is paid by                FedEx. |
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| 6. | **Unexpected                Volume.**                If                Customer tenders packages which substantially exceed the number of                packages tendered on average for the location by the Customer throughout                the year, FedEx may, at its sole option, either accept such packages                subject to waiver of Money Back Guarantees and commitment times,                or                decline to accept such packages without further obligation of any                kind to                Customer. |
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| 7. | **Confidentiality.**                The terms, discounts and incentives of this Agreement shall be held                in                strict confidence by Customer and may not be disclosed to anyone                other                than those Customer employees who have a need to know. Nothing herein                shall restrict Customer from disclosing any portion of such information                on                a restricted basis pursuant to a judicial or other lawful governmental                order, but only to the extent of such order and only after providing                FedEx                with immediate notice of such order so that FedEx may contest the                order or                obtain a protective order, if FedEx deems                necessary. |
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| 8. | **Term.**                This Agreement commences on the Effective Date and continues until                terminated by either party. |
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| 9. | **Termination.**                Either party may terminate this Agreement for the other party’s                noncompliance with its terms. Either party may terminate this Agreement                without cause and without penalty at any time upon 30 days prior                written                notice to the other. |
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| 10. | **Prior                Agreements.**                This Agreement supersedes all Pricing Agreements and Addenda, if                any, for                express and ground services between FedEx and Customer for the designated                account and bar code number relating to the services and package                types                covered by this Agreement. |
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|  **ISORAY MEDICAL INC.              (“Customer”)**                                               |  **FEDERAL EXPRESS CORPORATION              & FEDEX GROUND PACKAGE SYSTEM, INC.** |
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|                                                                                                              |  By its agent                                                                         |
|                                                                                                              |  FedEx Corporate Services, Inc.              (“FedEx”)                    |
|                                                                                                              |                                                                                       |
|  By: /s/              Michael K. Dunlop                                                                      |  By: /s/              Arnold E. Wright                                                |
|  Print Name: Michael              K. Dunlop                                                                  |  Print Name: Arnold              E. Wright                                            |
|  Title: Chief              Financial Officer                                                                 |  Title: ISAE                                                                          |
|  Date: 10/5/05                                                                                               |  Date: 10/10/05                                                                       |
|                                                                                                              |  Employee No.: 513415                                                                 |
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|  Offer expires if not accepted by              Customer within 30 days of date of presentation of Agreement. |                                                                                       |
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|  Any alterations to this document by              either party will render it null and void in its entirety. |                                                                                       |

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