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  FORM OF
  CONSULTING AGREEMENT         

    This Consulting Agreement ("Agreement"), dated as of August 10, 2000 (the
"Effective Date"), is by and between Microvision, Inc., a Washington corporation (the "Company"),
and            ("Consultant"). 

    WHEREAS,
the Company desires to enter into a relationship with Consultant pursuant to which Consultant will provide certain business and financial consulting services to the Company,
and Consultant is willing to provide such services to the Company; 

    NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth below, and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: 

1.  Services to be Provided.  

    1.1  Services.  During the term of this Agreement, Consultant will provide business and financial
consulting services to the Company. The consulting services will include but not be limited to advising senior management of the Company on business development strategies, commercialization and
application of the Company's technologies, strategic financial matters relating to the Company's financing activities, and strategic business alliances. During the first three years of the term, from
time to time (but not less than once per calendar quarter) upon reasonable advance notice, Consultant will make herself reasonably available (in person, by telephone or by e-mail) to
senior management for such consulting services. During the last two years of the term and during any Extension Period (as defined in Section 3.1(b)), Consultant will consult (in person, by
telephone or by e-mail) with senior management on business and financial matters on a semi-annual basis, unless the parties otherwise mutually agree. 

    1.2  Consultant's Other Business Activities.  The Company acknowledges that Consultant's duties to the
Company hereunder do not constitute the principal business activity of Consultant. Subject to
Consultant's confidentiality and non-disclosure obligations set forth in Section 4 hereof, nothing in this Agreement or in the scope of the obligations of Consultant pursuant hereto
shall be deemed or construed to limit or restrict in any way the right of Consultant to engage in any other business activity or activities, which may include activities that are directly or
indirectly competitive with the business of the Company. 

    1.3  Effect of Consultant's Disability.  Consultant shall not be liable for loss or damage resulting from
any delay or non-performance, or be held in breach hereof, in the event that Consultant is unable to provide consulting services hereunder by reason of any medically determinable physical
or mental impairment, provided that Consultant gives the Company written notice of such disability and, upon the reasonable request of the Company, evidence thereof. 

2.  Compensation and Expense Reimbursement.  

    2.1  Warrant.  In consideration of the execution and delivery of this Agreement by Consultant, upon
execution hereof the Company will issue and deliver to Consultant a warrant, in substantially the form attached hereto at Annex A, to purchase 100,000
shares of the Company's common stock (the "Warrant Shares") at an exercise price of $34.00 per share (the
"Warrant"). 

    2.2  Registration Rights.  The Company shall grant registration rights to Consultant, pursuant to the
terms and conditions set forth in that certain Registration Rights Agreement of even date herewith (the "Registration Rights Agreement"), with respect to the resale of the Warrant Shares. 

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    2.3  Lock-up.  From the Effective Date hereof until the expiration of the applicable
lock-up period as set forth below, Consultant will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, that number of Warrant Shares as set forth
below, or enter into a transaction that would have the same effect, without the prior written consent of the Company (the "Lock-Up"): 

	Number of Warrant

Shares Subject to Lock-Up
	 	Lock-Up Period

Expiration Date

	75,000	 	June 7, 2001
	50,000	 	June 7, 2002
	25,000	 	June 7, 2003

From
and after the expiration of the applicable Lock-Up period, Consultant shall be entitled to sell or otherwise dispose of that number of Warrant Shares that are no longer subject to the
Lock-Up (e.g., as of and from June 7, 2001, 50,000 Warrant Shares shall not be subject to the Lock-Up), provided that such sale or other disposition complies with
applicable securities laws. Notwithstanding the foregoing, the Lock-Up shall be terminated and of no further force or effect in the event that this Agreement is terminated in the event of
Consultant's death or pursuant to Section 3.3(b)(i) hereof. 

    2.4  Reimbursable Expenses.  The Company shall reimburse Consultant in accordance with the Company's
travel expense policy for reasonable travel and entertainment expenses incurred on Company business in connection with performance of the services contemplated hereby, including but not limited to
reimbursement for mileage, first-class airfare, hotel, meals and such other non-travel and entertainment expenses as may be approved in advance by the Company
("Reimbursable Expenses"). 

3.  Term and Termination.  

    3.1  Term.  

    (a) This
Agreement shall commence on the Effective Date and shall remain in effect for five years, unless extended pursuant to Section 3.1(b) or terminated
pursuant to Section 3.3. 

    (b) If
Consultant notifies the Company, in accordance with Section 1.3, that she is unable to provide consulting services by reason of any medically determinable
physical or mental impairment, then the term of this Agreement shall be extended for a period equivalent to the period commencing on the date that Consultant so notifies the Company and ending on the
date on which Consultant notifies the Company that she is no longer unable to provide consulting services (the "Extension Period"); provided, however,
that the Extension Period shall not exceed six months for Consultant's cumulative period of disability, regardless of the number of disability notices that Consultant delivers to the Company in
accordance with Section 1.3 or the duration of any particular disability period. 

    3.2  No Automatic Renewal.  This Agreement will not be subject to any implied or automatic renewals, and
any relationship between the parties after the term hereof will be the subject of a new agreement. The parties may extend the term or any subsequent term of this Agreement by executing a separate
written agreement of extension. 

    3.3  Termination.  

    (a) The
Company may terminate this Agreement for any reason or for no reason upon thirty days written notice to Consultant. 

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    (b) This Agreement shall terminate upon Consultant's death. Consultant may terminate this Agreement for "cause" upon thirty days written notice to the Company. For
purposes of this Section 3.3(b), "cause" shall mean: 

     (i) Consultant's
permanent and total disability (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended); 

    (ii) if
the Company (1) ceases to carry on business as a going concern; (2) commences a voluntary case or proceeding, or consents to the entry of an order
for relief against it in an involuntary case or proceeding, pursuant to or within the meaning of applicable federal bankruptcy or state insolvency, creditors' rights or similar laws;
(3) consents to the appointment under applicable bankruptcy, insolvency, creditors' rights or similar laws of a receiver, trustee, assignee, liquidator, sequestrator or
similar official of it or for all or substantially all of its property; or (4) makes a general assignment for the benefit of its creditors; 

    (iii) if
the development or commercialization of microdisplay technologies ceases to constitute a continuing material business of the Company; 

    (iv) the
Company's breach of a material obligation to Consultant under this Agreement, the Warrant, or the Registration Rights Agreement, which breach remains uncured
by the Company thirty (30) days after receipt by the Company of notice from Consultant asserting such breach; 

    (v) the
completion of a tender offer, exchange offer, merger, consolidation, reorganization, or other business combination, sale of assets or contested election, or any
combination of the foregoing, immediately subsequent to which not less than a majority of the directors of the Company prior to the transaction do not continue to serve as directors of the Company or
its successor after the transaction; provided that, if such a transaction occurs during the first three years of the term of this Agreement, then Consultant shall give the Company or its successor not
less than ninety days (and not thirty days) written notice of termination; or 

    (vi) the
resignation or termination of Richard F. Rutkowski and Stephen R. Willey as executive officers of the Company. 

    (c) Consultant
shall be entitled to payment for all Reimbursable Expenses incurred up to the date of termination. 

    (d) Upon
termination of this Agreement by the Company pursuant to Section 3.3(a) or by Consultant pursuant to Section 3.3(b), Consultant shall have no
further obligation to provide consulting services to the Company and, except as otherwise provided for in Section 12 hereof, shall have no liability to the Company with respect thereto. 

4.  Confidential Information.  

    In the course of providing services to the Company under this Agreement, Consultant will be exposed to the Company's confidential and proprietary information.
Consultant's use of all such Confidential Information (as defined below) of the Company shall be in accordance with this Section 4. 

    4.1  Definition of Confidential Information.  "Confidential
Information" shall mean any trade secret of the Company or other information relating to the Company, its business or operations (including, but not limited to, any and all
pricing, customer, business, financial or technical information, studies, rules, data or analyses, design specifications, and research and development plans), that is disclosed to Consultant by the
Company (whether disclosed orally, in writing, or in electronic or other form) during the term of this Agreement. Confidential Information shall not include information that: (i) was 

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generally known to the public as of the Effective Date; (ii) becomes generally known to the public after the Effective Date other than as a result of the act or omission of Consultant;
(iii) was known to Consultant, without restriction on disclosure, prior to the disclosure thereof by the Company, as demonstrated by contemporaneous written evidence of such prior knowledge;
(iv) is disclosed to Consultant by a third party without breach thereby of any confidentiality or non-disclosure obligation to the Company; or (v) is required to be disclosed
by statute, regulation, court order, subpoena, request for production of documents, administrative order or other process of law; provided, however, that prior to disclosure under (v) above,
Consultant shall notify the Company of the required disclosure, allow the Company adequate opportunity to seek, at the Company's expense, an appropriate protective order, injunction, or waiver of
compliance, and disclose only such information as is necessary to comply with the required disclosure. 

    4.2  Ownership of Confidential Information.  The Company shall retain all right, title and interest to
the Confidential Information, and disclosure thereof by the Company to Consultant shall not be deemed to grant to Consultant any license or right to use the Confidential Information except
incidentally in connection with providing services to the Company hereunder. 

    4.3  Non-Disclosure Obligation.  Consultant acknowledges the competitive value and
confidential nature of the Confidential Information and the damage that could result to the Company if the Confidential Information is disclosed to any third party. Consultant agrees to keep the
Confidential Information confidential, to use the Confidential Information solely for the purpose of providing services to the Company as contemplated by this Agreement, and not to use the
Confidential Information for Consultant's own purposes or in any manner detrimental to the Company. 

    4.4  Security Measures.  Consultant shall protect the Confidential Information with security safeguards
at least as great as those to which Consultant accords to her own confidential business information. Consultant may disclose Confidential Information to Consultant's agents on a
need-to-know basis, provided that Consultant has first executed appropriate written agreements with such agents sufficient to enable Consultant to comply with this
Section 4. 

    4.5  Remedy for Breach.  It is understood and agreed that breach of this Section 4 by Consultant
would cause irreparable harm to the Company and that money damages would be an inadequate remedy for any such breach. The Company shall be entitled to injunctive or other equitable relief as a remedy
for any such breach or threatened breach. Consultant agrees to waive any requirement that the Company be required to post a bond or other security for the granting of any equitable relief. No failure
or delay in exercising any right, power or privilege under this Section 4 shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any right, power or privilege hereunder. 

    4.6  Post-Termination Obligation.  Not later than thirty (30) days after the
expiration of this Agreement or upon termination hereof, Consultant shall return to the Company all tangible embodiments of Confidential Information in Consultant's care, custody or control. 

5.  Indemnification and Relationship of the Parties.  

    5.1  Limitation of Liability and Indemnification.  Each party hereto shall indemnify and hold the other
(and, with respect to the Company as indemnitee, its directors, officers, agents, employees or subcontractors and, with respect to Consultant as indemnitee, her agents, employees or subcontractors)
harmless for losses resulting from and to the extent of its own willful misconduct or gross negligence arising from or incident to the performance of services contemplated by this Agreement. Neither
the Company nor Consultant shall be responsible for any incidental, indirect, consequential, punitive or special damages (including loss of profits or business interruption) sustained by the other. 

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    5.2  Damages for Failure to Provide Consulting Services.  

    (a) If,
during the first three years of the term, Consultant fails to make herself reasonably available (in person, by telephone or by e-mail) to senior
management from time to time (but not less once per calendar quarter) upon reasonable advance notice, for consulting services, then the Company shall be entitled to notify Consultant of such failure
to perform hereunder. If Consultant continues to fail to make herself reasonably available (in person, by telephone or by e-mail) to senior management within thirty calendar days notice
thereof, then Consultant shall deliver to the Company, not more than five business days after expiration of such thirty day period: 

     (i) that
number of Warrants equal to the product of 75,000 (the number of Warrant Shares subject to the Lock-Up as of the Effective Date) and a fraction,
the numerator of which shall be the number of calendar days between the date the Company notified Consultant of her failure to perform hereunder and the date of the third annual anniversary of the
Effective Date, and the denominator of which shall be 1095 (the number of calendar days in the first three years of the term hereof) (the "Damages
Warrants"), plus a bank certified or cashier's check in the amount of fifty thousand dollars ($50,000) (the
"Damages Payment"). 

    (ii) If
Consultant does not own a sufficient number of Warrants to satisfy her obligation to deliver the Damages Warrants to the Company, then, in addition to the
Damages Payment, Consultant shall deliver to the Company, not more than five business days after expiration of the thirty day period referenced in Section 5.2(a), (x) all Warrants
then-owned by Consultant, and (y) the Adjusted Market Value (as defined below) of that number of shares of common stock of the Company equivalent to the number of Warrant Shares
issued (or, if Consultant has transferred Warrants in accordance with the terms thereof, that would have been issuable) upon exercise of that number of Warrants equal to the Damages Warrants  less the
number of Warrants then-owned by Consultant (such shares of common stock are referred to herein as the
"Damages Shares"). 

    (b) For
purposes of Section 5.2(a)(ii), "Adjusted Market Value" means: 

     (i) the
product of (x) the Damages Shares and (y) the closing price of the Company's common stock on the Nasdaq National Market, or such other principal
market or exchange on which the Company's common stock may then be listed or traded, on the date on which the Company first notifies Consultant of her non-performance in accordance with
Section 5.2(a) (the "Market Price"); 

    (ii) less the aggregate exercise price of the Warrants exercised (or, if Consultant has transferred Warrants in
accordance with the terms thereof, that would have been exercisable) for the number of shares of common stock that constitute the Damages Shares; 

provided
that the Consultant shall be entitled to subtract from the Adjusted Market Value the "Tax Cost," as determined herein, of including compensation in income upon exercise (or deemed exercise)
of the Warrants and deducting the amount of the repayment of Adjusted Market Value to the Company. 

    (c) For
purposes of Section 5.2(b), the "Tax Cost" shall be determined as follows: 

     (i) The
receipt of income and the repayment of Adjusted Market Value shall be deemed to have occurred in the taxable year of repayment; and 

    (ii) The
Tax Cost shall be the excess of (a) the federal income tax liability of the Consultant for the taxable year of repayment calculated with the income and
repayment described in clause (i) above over (b) the federal income tax liability of Consultant for the 

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taxable year of repayment calculated without the income and repayment described in clause (i) above. 

    (iii) In
making the calculations described in clause (ii) above, the deduction for the repayment shall be a deduction which is not a "miscellaneous itemized
deduction" as defined in Section 67(b) of the Internal Revenue Code of 1986, as amended, if Consultant is advised by her usual tax advisers or, upon the request of Consultant, other tax
advisers reasonably selected by the Company, that she has a reasonable reporting position that the deduction is not a "miscellaneous itemized deduction." 

The
calculation described in clause (ii) shall be provided to the Company for its approval and consent in advance of any subtraction from Adjusted Market Value. If the Company does not approve
of nor consent to, the calculation of Tax Cost, the calculation shall be submitted to a nationally recognized firm of independent certified public accountants (other than the Company's independent
auditors) reasonably selected and paid by the Company for a re-determination, consistent with clauses (i), (ii) and (iii) above, which shall be final and binding on
Consultant and the Company; provided that, in the event that such re-determination discloses an error in the calculation of Tax Cost that would have resulted in an underpayment of Adjusted
Market Value equal to or greater than twenty percent (20%) of the Adjusted Market Value required to be paid to the Company, then Consultant shall reimburse the Company for all reasonable expenses
relating to the re-determination. 

    (d) Consultant
may, in her discretion, pay the Adjusted Market Value to the Company (i) by bank certified or cashier's check or (ii) in shares of the
Company's common stock (which number of shares shall be equal to the Adjusted Market Value divided by the Market Price). 

    (e) For
purposes of Section 5.2(a), Consultant shall have "failed to make herself reasonably available to senior management of the Company" if, during any
particular calendar quarter, she repeatedly and consistently is unavailable to provide consulting services as required pursuant to Section 1.1. 

    (f)  If,
during the last two years of the term of this Agreement and any Extension Period, Consultant fails to consult (in person, by telephone or by
e-mail) with senior management on business and financial matters on a semi-annual basis, then the Company shall be entitled to notify Consultant of such failure to perform
hereunder. If Consultant fails to make herself reasonably available (in person, by telephone or by e-mail) to senior management within thirty calendar days of such notice, then Consultant
shall deliver to the Company, not more than five business days after expiration of the thirty day performance period, a bank certified or cashier's check in the amount of fifty thousand dollars
($50,000), if the failure to perform occurs during the fourth year of the term, or twenty-five thousand dollars ($25,000), if the failure to perform occurs during the fifth year of the
term or any Extension Period. 

    (g) This
Section 5.2 shall constitute the Company's sole remedy for Consultant's failure to perform in accordance with Section 1.1 hereof, provided that
the limitations set forth herein shall not affect the Company's right to any insurance proceeds arising as a result of Consultant's non-performance under Section 1.1. This
Section 5.2 reflects the negotiated agreement of the parties, and Consultant's liability under Section 5.2 is intended to be proportional to the actual harm that the Company would incur
in the event of Consultant's non-performance under Section 1.1. 

    5.3  Relationship of Parties.  The Company and Consultant agree that Consultant shall perform services
hereunder as an independent contractor and that Consultant shall retain control over and responsibility for her own operations and personnel, if any. Nothing herein shall create any partnership,
agency, employment or similar relationship between the parties. Consultant will not, by reason of this 

6

Agreement, be entitled to participate in workers' compensation, retirement, insurance or any benefit under any Company benefit or other employee plan. The Company will not withhold or pay any income
or payroll taxes on behalf of Consultant. Neither party, nor their principals or employees, shall
have authority to contract in the name of or bind the other, except as expressly agreed to in writing by the parties. 

6.  Publicity.  

    Consultant shall permit the Company to use her name in press releases announcing her relationship with the Company, subject to Consultant's review and approval
of the text of any proposed press release. 

7.  Notices.  

    All notices, requests, and other communications hereunder shall be deemed to be duly given if hand delivered or sent by overnight courier with guaranteed next
day delivery, by confirmed facsimile transmission, or by U.S. mail, postage prepaid, return receipt requested, addressed to the other party at the address as set forth below: 

	To the Company:	 	Microvision, Inc.

Attn: Richard Raisig

19910 North Creek Parkway

Bothell, WA 98011-3008

Fax: (425) 481-1625
	 

With a copy to:	 
 	 

Stoel Rives, LLP

Attn: Christopher J. Voss

One Union Square, Suite 3600

600 University Street

Seattle, Washington 98101-3197

Fax: (206) 386-7500
	 

To Consultant:	 
 	 

 
	 

With a copy to:	 
 	 

Squadron, Ellenoff, Plesent & Sheinfeld, LLP

Attn: Jeffrey W. Rubin

551 Fifth Avenue

New York, NY 10176

Fax: (212) 697-6686
	 

 	 
 	 

 

Any
notice or other communication hereunder shall be effective upon actual delivery. Either party may change the address or facsimile number to which notices for such party shall be addressed by
providing notice of such change to the other party in the manner set forth in this Section 7. 

8.  Applicable Law and Forum.  

    This Agreement shall be governed by the laws of the State of Washington, without giving effect to its conflicts of law rules. Jurisdiction and venue for any
action or proceeding hereunder shall lie in the state and federal courts located in Seattle, Washington. The parties expressly agree that all claims in respect of any such action or proceeding may be
heard and determined in any such court and Consultant waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought. 

7

9.  Severability.  

    If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the
balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms. 

10. Waiver and Remedies.  

    No waiver of any term or condition of this Agreement shall be effective unless set forth in a written instrument duly executed by or on behalf of the party
waiving such term or condition. No waiver by any party of any term or condition of this Agreement, in any one or more instances, shall be deemed to be or construed as a waiver of the same or any other
term or condition of this Agreement on any future occasion. All remedies, either under this Agreement, by law or otherwise afforded, will be cumulative and not alternative. 

11. No Third Party Beneficiary.  

    The terms and provisions of this Agreement are intended solely for the benefit of the parties hereto and their respective successors or permitted assigns, and
it is not the intention of the parties to confer third-party beneficiary rights upon any other person or entity. 

12. Survival.  

    The provisions of Sections 2.3 (except upon termination hereof pursuant to Section 3.3(b)(i)), 2.4, 4, 5.1, 5.2, 8 and 13 hereof shall survive
expiration or termination of this Agreement. 

13. Attorneys' Fees.  

    If any legal action or any arbitration or other proceeding is brought for the enforcement or interpretation of this Agreement, the Warrant, or the Registration
Rights Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with or related to this Agreement, the Warrant, or the Registration Rights Agreement, the
successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs in connection with that action or proceeding, in addition to any other relief to which a party
may be entitled, including those incurred on appeal or in bankruptcy proceedings. 

14. Assignment.  

    Consultant acknowledges that the services to be rendered are unique and may not be assigned by Consultant without the prior written consent of the Company.
This Agreement will inure to the benefit of and be binding upon the parties and their permitted assigns and successors. 

15. Entire Agreement and Amendments.  

    This Agreement, including Annex A hereto, and the Registration Rights Agreement, contain the entire agreement
of the parties relating to the subject matter hereof. This Agreement shall terminate and supersede any prior written or oral agreements or understandings between the parties regarding the subject
matter hereof. Any amendments or modifications to this Agreement must be in writing and executed by the party against whom enforcement is sought. 

16. Counterparts.  

    This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute the same
instrument. 

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    IN WITNESS WHEREOF, each of the parties has duly executed this Agreement as of the date above written. 

	Microvision, Inc.	 	Consultant
	 

By:	 
 	 

      
	 
 	 

      

	 

 

Its:	 
 
 	 

 

      
	 
 
 	 

 

SSN#:	 
 
 	 

 

      

	 

 

 	 
 
 	 

 

 	 
 
 	 

 

 	 
 
 	 

 

 

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FORM OF CONSULTING AGREEMENTPrepared by MERRILL CORPORATION www.edgaradvantage.com

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FORM OF

MICROVISION, INC.

a Washington corporation  

   COMMON STOCK PURCHASE WARRANT         

Certificate
No.      

    THESE
WARRANTS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE SECURITIES LAWS. THESE WARRANTS ARE "RESTRICTED SECURITIES" AS
DEFINED IN RULE 144 UNDER THE ACT AND MAY NOT BE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL
ACCEPTABLE TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED. 

    This
is to certify that, for value received and subject to the terms and conditions set forth below, Microvision, Inc., a Washington corporation (the "Company"), promises and
agrees to sell and issue to consultant, or registered assigns, up to a total of 100,000 fully paid and nonassessable shares of Common Stock, at any time up to and until 5:00 p.m., Seattle,
Washington time, on August 10, 2010, upon surrender, at the principal office of the Company referred to below, of this Warrant Certificate, a duly completed and executed Notice of Exercise in
the form attached hereto, and payment therefor in lawful money of the United States at the Exercise Price as set forth in Section 1.3 below. 

    This
Warrant Certificate is issued subject to the following terms and conditions: 

    1.  Definitions of Certain Terms.  Except as may be otherwise clearly required by the context, the
following terms have the following meanings: 

    1.1 "Common
Stock" means the common stock, no par value, of the Company. 

    1.2 "Company"
means Microvision, Inc., a Washington corporation. 

    1.3 "Exercise
Price" means $34.00 per share or such other price at which a Warrantholder may purchase one share of Common Stock or other Securities upon exercise of
Warrants, as determined from time to time pursuant to the provisions hereof. 

    1.4 "Securities"
means the securities issued or issuable upon exercise of the Warrants or securities issued or issuable upon exercise, exchange, or conversion of such
securities. 

    1.5 "Warrant
Certificate" means a certificate evidencing Warrants. 

    1.6 "Warrantholder"
means a record holder of Warrants or Securities. 

    1.7 "Warrants"
means the warrants evidenced by this warrant certificate or any similar certificate issued in replacement of any such certificate. 

    2.  Exercise of Warrants.  All or any part of the Warrants evidenced by this Certificate may be exercised
by surrendering this Warrant Certificate and the Notice of Exercise attached hereto, duly completed and executed by the Warrantholder or by his or her duly authorized
attorney-in-fact, at the office of the Company, 19910 North Creek Parkway, Bothell, WA 98011-3008, or at such other office or agency as the Company may designate,
accompanied by payment in U.S. funds in full, in cash or certified or cashier's check, of the Exercise Price payable with respect to the Warrants being exercised. Subject to the terms and conditions
of this Warrant Certificate, the Company will, within five business days after said surrender and payment and completion of such Notice of Exercise by the Warrantholder, make arrangements with its
stock transfer agent to send to the Warrantholder at the address specified in the Notice of Exercise a certificate or certificates evidencing the Securities 

1

subscribed for. If fewer than all the Warrants evidenced by this Warrant Certificate are exercised, the Company will, upon such exercise, execute and deliver to the Warrantholder a new Warrant
Certificate (dated the date hereof), in form and tenor similar to this Warrant Certificate, evidencing the Warrants not exercised. The Securities to be issued on exercise of the Warrants will be
deemed to have been issued, and any person exercising the Warrants will be deemed to have become a holder of record of those Securities, as of the close of business on the date of its surrender for
exercise as provided above. The securities laws of the United States may require that a registration statement registering the Securities to be issued on exercise of the Warrants be effective, or that
an exemption from registration be available, before the Company may issue the Securities to the Warrantholder. The Company will use its best efforts to take such actions under the Act and the laws of
various states and other jurisdictions as may be required to cause the issuance of Securities upon exercise of Warrants to comply with applicable securities laws. However, the Company will not be
required to honor the exercise of Warrants if, in the opinion of the Company's Board of Directors, upon advice of counsel, the issuance of Securities upon such exercise would be unlawful. In such
event, the Company may elect to redeem Warrants submitted for exercise for a price equal to the difference between (i) the closing price of the Securities on the date of submission of the
Notice of Exercise of Warrants, as reported by the principal exchange or market upon or through which the Securities are then principally traded or quoted (the "Exchange") and (ii) the Exercise
Price of the Securities subscribed for in the Notice of Exercise of Warrants submitted to the Company. In the event of such redemption, the Company will pay to the Warrantholder the above-described
redemption price within ten business days after the Warrantholder's submission of the Notice of Exercise of Warrants. 

    3.  Adjustments in Certain Events.  The number, class and price of Securities for which the Warrants may
be exercised are subject to adjustment from time to time upon the happening of certain events as follows: 

    3.1 If
the outstanding shares of Common Stock are divided into a greater number of shares or a dividend in stock is paid on the Common Stock, the number of shares of
Common Stock for which the Warrants are then exercisable will be proportionately increased and the Exercise Price will be proportionately reduced. Conversely, if the outstanding shares of Common Stock
are combined into a smaller number of shares of Common Stock, the number of shares of Common Stock for which the Warrants are then exercisable will be proportionately reduced and the Exercise Price
will be proportionately increased. The increases and reductions provided for in this Section 3.1 will be made with the intent and, as nearly as practicable, the effect that neither the
percentage of the total equity of the Company obtainable on exercise of the Warrants nor the price payable for such percentage upon such exercise will be affected by any event described in this
Section 3.1. 

    3.2 In
case of any change in the Common Stock through merger, consolidation, reclassification, reorganization, partial or complete liquidation, or other change in the
capital structure of the Company, then, as a condition of the change in the capital structure of the Company, lawful and adequate provision will be made so that the holder of this Warrant Certificate
will have the right thereafter to receive upon the exercise of the Warrants the kind and amount of shares of stock or other securities or property to which he would have been entitled if, immediately
prior to such merger, consolidation, reclassification, reorganization, recapitalization, or other change in the capital structure, the Warrantholder had held the number of shares of Common Stock
obtainable upon the exercise of the Warrants. In such event, the Exercise Price will be proportionately adjusted. In any such case, appropriate adjustment will be made in the application of the
provisions set forth herein with respect to the rights and interest thereafter of the Warrantholder, to the end that the provisions set forth herein will thereafter be applicable, as nearly as
reasonably may be, in relation to any shares of stock or other property thereafter deliverable upon the exercise of the Warrants. The Company will not permit any change in its 

2

capital structure to occur unless the issuer of the shares of stock or other securities to be received by the holder of this Warrant Certificate, if not the Company, agrees to be bound by and comply
with the provisions of this Warrant Certificate. 

    3.3 When
any adjustment is required to be made in the number of shares of Common Stock, other securities or the property purchasable upon exercise of the Warrants, the
Company will promptly determine the new number of such shares or other securities or property purchasable upon exercise of the Warrants and (i) prepare and retain on file a statement
describing in reasonable detail the method used in arriving at the new number of such shares or other securities or property purchasable upon exercise of the Warrants and (ii) cause a copy of
such statement to be mailed to the Warrantholder within 30 days after the date when the event giving rise to the adjustment occurred. 

    3.4 No
fractional shares of Common Stock or other Securities will be issued in connection with the adjustment of any Warrants, but the Company will pay, in lieu of
fractional shares, a cash payment therefor on the basis of the closing price of the Securities as reported by the Exchange on the day immediately prior to the effective date of the adjustment. 

    4.  Reservation of Securities.  The Company agrees that the number of shares of Common Stock and other
Securities sufficient to provide for the exercise of the Warrants upon the basis set forth above will at all times during the term of the Warrants be reserved for exercise. 

    5.  Validity of Securities; Transfer Taxes.  All Securities delivered upon the exercise of the Warrants
in accordance with their terms will be duly and validly issued, fully-paid and non-assessable, and will be free and clear of any lien, pledge, security interest, claim,
charges, encumbrance or other restriction or limitation (except with respect to restrictions on transfer under applicable securities laws) imposed on them by the Company. The Company will pay all
documentary and transfer taxes, if any, in respect of the original issuance thereof upon exercise of the Warrants. 

    6.  Legending of Securities.  All certificates representing Securities delivered upon the exercise of the
Warrants shall be impressed with a legend indicating that the Securities are not registered under the Act and reciting that the transfer thereof is restricted, such legend to be in a form acceptable
to counsel for the Company. 

    7.  Transfer Prohibited.  The Warrants and all rights hereunder may not be transferred or assigned
without the prior written approval of the Company; provided that, such approval shall not be unreasonably withheld or delayed with respect to a proposed transfer or assignment of Warrants exercisable
for not less than 10,000 Securities that are not subject to a Lock-Up, as such term is defined in that certain Consulting Agreement, dated as of August 10, 2000, between
      and the Company; and provided further that the Warrants may be transferred or assigned to the immediate family members (including grandchildren, nieces, and nephews) of the
Warrantholder or to trusts or other entities for the sole benefit thereof without the Company's prior written approval, provided that the Warrantholder complies with applicable securities laws in
effecting such a disposition. Except as provided for in the immediately preceding sentence, any transfer effected without the prior written approval of the Company shall be void. 

    8.  No Rights as a Shareholder.  Except as otherwise provided herein, the Warrantholder will not, by
virtue of ownership of Warrants, be entitled to any rights as a shareholder of the Company. 

    9.  Ownership.  The Company, and its Transfer Agent, and any agent of the Company or its Transfer Agent
may treat the bearer of this Warrant Certificate as the absolute owner of the Warrants evidenced hereby for the purpose of exercising the Warrants and for all other purposes whatsoever, and
notwithstanding any notice of ownership or writing thereon, or any notice of previous loss or theft or other interest therein. 

3

    10.  Replacement of Warrant Certificate.  On receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of this Warrant Certificate and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and
substance to the Company or, in the case of mutilation, on surrender and cancellation of this Warrant Certificate, the Company at its expense shall execute and deliver, in lieu of this Warrant
Certificate, a new Warrant Certificate of like tenor and amount. 

    11.  Notice.  Any notices required or permitted to be given hereunder may be given in writing personally
or by mail or other comparable delivery service at the address determined below or at such other address as the party receiving notice has theretofore furnished to the notifying party: 

If
to the Company: 

19910
North Creek Parkway

P.O. Box 3008

Bothell, WA 98011-3008

Attn: Secretary 

If
to the Warrantholder: 

at
the address furnished by the Warrantholder

in such Warrantholder's Notice of Exercise. 

    Any
notice given by mail will be deemed effectively given 48 hours after mailing when deposited in the United States mail, registered or certified mail, return receipt
requested, postage prepaid and addressed as specified above. Any notice given by courier or other comparable form of delivery service will be deemed effectively given at the date and time recorded for
such delivery in the records of the delivery service. 

    12.  Applicable Law.  This Certificate will be governed by and construed in accordance with the laws of
the State of Washington, without giving effect to the conflict of laws thereof. 

	Dated as of            	 	 	 	 
	 

 	 
 	 
 MICROVISION, INC.
	 

 

 	 
 
 	 

 

By:	 
 
 	 

 

      
 Richard A. Raisig
 Chief Financial Officer
	 

 

 	 
 
 	 

 

 	 
 
 	 

 

 

4

Microvision, Inc.

Common Stock Purchase Warrant  

 NOTICE OF EXERCISE  

To: Microvision, Inc. 

    (1) The
undersigned hereby irrevocably exercises the right to purchase      shares of the common stock of Microvision, Inc., a Washington
corporation, pursuant to Section 2 of the attached Warrant, and tenders herewith full payment of the exercise price for such shares. 

    (2) In
exercising this Warrant, the undersigned hereby confirms and acknowledges that the shares of common stock to be issued upon exercise hereof are being acquired
solely for the account of the undersigned and not as a nominee for any other party, and for investment, and that the undersigned will not offer, sell or otherwise dispose of any such shares of common
stock acquired upon exercise of the attached Warrant except under circumstances that will not result in a violation of the Securities Act of 1933, as amended, or any applicable state securities laws. 

    (3) Please
issue a certificate or certificates representing said shares of common stock in the name of the undersigned or in such other name(s) as is(are) specified
below: 

	 	 	  
 (Name)

    (4) Please
issue a new Warrant representing any unexercised portion of the attached Warrant in the name of the undersigned or in such other name(s) as is(are) specified
below: 

	 

 	 
 	 

  
 (Name)
	 

 

  
 (Date)	 
 
 	 

 

  
 (Signature of Holder)
	 

 

 	 
 
 	 

 

  
 (Address)
	 

 

 	 
 
 	 

 

  
 (Address)
	 

 

 	 
 
 	 

 

 

5

QuickLinks

COMMON STOCK PURCHASE WARRANT

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