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                       MORGAN STANLEY SELECT EQUITY TRUST
                   STRATEGIC GROWTH LARGE-CAP PORTFOLIO 2001-4
                            REFERENCE TRUST AGREEMENT

     This Reference Trust Agreement dated October 17, 2001 between MORGAN
STANLEY DW INC., as Depositor, and The Chase Manhattan Bank, as Trustee, sets
forth certain provisions in full and incorporates other provisions by reference
to the document entitled "Sears Equity Investment Trust, Trust Indenture and
Agreement" dated January 22, 1991, as amended on March 16, 1993, July 18, 1995
and December 30, 1997 (the "Basic Agreement"). Such provisions as are
incorporated by reference constitute a single instrument (the "Indenture").

                                WITNESSETH THAT:

     In consideration of the premises and of the mutual agreements herein
contained, the Depositor and the Trustee agree as follows:

                                       I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

     Subject to the provisions of Part II hereof, all the provisions contained
in the Basic Agreement are herein incorporated by reference in their entirety
and shall be deemed to be a part of this instrument as fully and to the same
extent as though said provisions had been set forth in full in this instrument
except that the Basic Agreement is hereby amended in the following manner:

     A. Article I, Section 1.01, paragraph (29) defining "Trustee" shall be
amended as follows:

     "'Trustee' shall mean The Chase Manhattan Bank, or any successor trustee
          appointed as hereinafter provided."

     B. Reference to United States Trust Company of New York in its capacity as
Trustee is replaced by The Chase Manhattan Bank throughout the Basic Agreement.

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     C. Reference to "Morgan Stanley Dean Witter Select Equity Trust" is
replaced by "Morgan Stanley Select Equity Trust".

     D. Section 3.01 is amended to substitute the following:

          SECTION 3.01. INITIAL COST The costs of organizing the Trust and sale
     of the Trust Units shall, to the extent of the expenses reimbursable to the
     Depositor provided below, be borne by the Unit Holders, PROVIDED, HOWEVER,
     that, to the extent all of such costs are not borne by Unit Holders, the
     amount of such costs not borne by Unit Holders shall be borne by the
     Depositor and, PROVIDED FURTHER, HOWEVER, that the liability on the part of
     the Depositor under this section shall not include any fees or other
     expenses incurred in connection with the administration of the Trust
     subsequent to the deposit referred to in Section 2.01. Upon notification
     from the Depositor that the primary offering period is concluded, the
     Trustee shall withdraw from the Account or Accounts specified in the
     Prospectus or, if no Account is therein specified, from the Principal
     Account, and pay to the Depositor the Depositor's reimbursable expenses of
     organizing the Trust and sale of the Trust Units in an amount certified to
     the Trustee by the Depositor. If the balance of the Principal Account is
     insufficient to make such withdrawal, the Trustee shall, as directed by the
     Depositor, sell Securities identified by the Depositor, or distribute to
     the Depositor Securities having a value, as determined under Section 4.01
     as of the date of distribution, sufficient for such reimbursement. The
     reimbursement provided for in this section shall be for the account of the
     Unitholders of record at the conclusion of the primary offering period and
     shall not be reflected in the computation of the Unit Value prior thereto.
     As used herein, the Depositor's reimbursable expenses of organizing the
     Trust and sale of the Trust Units shall include the cost of the initial
     preparation and typesetting of the registration statement, prospectuses
     (including preliminary prospectuses), the indenture, and other documents
     relating to the Trust, SEC and state blue sky registration fees, the cost
     of the ini-
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     tial valuation of the portfolio and audit of the Trust, the initial fees
     and expenses of the Trustee, and legal and other out-of-pocket expenses
     related thereto, but not including the expenses incurred in the printing
     of preliminary prospectuses and prospectuses, expenses incurred in the
     preparation and printing of brochures and other advertising materials and
     any other selling expenses. Any cash which the Depositor has identified
     as to be used for reimbursement of expenses pursuant to this Section
     shall be reserved by the Trustee for such purpose and shall not be
     subject to distribution or, unless the Depositor otherwise directs, used
     for payment of redemptions in excess of the per-Unit amount allocable to
     Units tendered for redemption.

     E. Reference to "Dean Witter Reynolds Inc." is replaced by "Morgan Stanley
DW Inc."

     F. Section 2.03 is amended to add the following to the end of the first
paragraph thereof. The number of Units may be increased through a split of the
Units or decreased through a reverse split thereof, as directed by the
Depositor, which revised number of Units shall be recorded by Trustee on its
books.

                                       II.

                      SPECIAL TERMS AND CONDITIONS OF TRUST

     The following special terms and conditions are hereby agreed to:

     A. The Trust is denominated Morgan Stanley Select Equity Trust Strategic
Growth Large-Cap Portfolio 2001-4 (the "Strategic Growth Trust").

     B. The publicly traded stocks listed in Schedule A hereto are those which,
subject to the terms of this Indenture, have been or are to be deposited in
trust under this Indenture.

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     C. The term, "Depositor" shall mean Morgan Stanley DW Inc.

     D. The aggregate number of Units referred to in Sections 2.03 and 9.01
of the Basic Agreement is 25,035 for the Strategic Growth Trust.

     E. A Unit is hereby declared initially equal to 1/25,035th for the
Strategic Growth Trust.

     F. The term "In-Kind Distribution Date" shall mean December 27, 2002.

     G. The term "Record Dates" shall mean June 1, 2002 and January 17, 2003
and such other date as the Depositor may direct.

     H. The term "Distribution Dates" shall mean June 15, 2002 and on or about
January 24, 2003 and such other date as the Depositor may direct.

     I. The term "Termination Date" shall mean January 17, 2003.

     J. The Depositor's Annual Portfolio Supervision Fee shall be a maximum of
$0.25 per 100 Units.

     K. The Trustee's annual fee as defined in Section 6.04 of the Indenture
shall be $0.90 per 100 Units if the greatest number of Units outstanding
during the period is 10,000,000 or more; $0.96 per 100 Units if the greatest
number of Units outstanding during the period is between 5,000,000 and
9,999,999; and $1.00 per 100 Units if the greatest number of Units
outstanding during the period is 4,999,999 or less.

     L. For a Unit Holder to receive an "in-kind" distribution during the life
of the Trust, such Unit Holder must tender at least 25,000 Units for redemption.
There is no minimum amount of Units that a Unit Holder must tender in order to
receive an "in-kind" distribution on the In-Kind Date or in connection with a
rollover.

     M. Paragraph (b)(ii) of Section 9.03 is amended to provide that the period
during which the Trustee shall liquidate the Trust Securities shall not exceed
14 business days commencing on the first business day following the In-Kind
Date.
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               (Signatures and acknowledgments on separate pages)

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     The Schedule of Portfolio Securities in the prospectus included in this
Registration Statement is hereby incorporated by reference herein as Schedule A
hereto.Prepared by MERRILL CORPORATION

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FINDER'S AGREEMENT    
  

    This Finder's Agreement (the "Agreement") is entered into as of August 14, 2001,
("Effective Date") between Microvision, Inc., a Washington corporation ("Company"), and
Brookehill Capital Partners ("Finder"). 

RECITALS  

    WHEREAS, Finder represents that he will endeavor to introduce the Company to Prospective Investors (as defined in Section 2.2 below) who may be interested in
participating in a private placement of the Company's securities (the "Offering"); and 

    WHEREAS,
the Company desires to engage the services of Finder to provide an introduction to such Prospective Investors in accordance with the terms and conditions set forth in this
Agreement. 

AGREEMENT  

    NOW, THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties agree as follows: 

    1.  Engagement.  

    1.1   The
Company engages Finder to provide services on a non-exclusive basis to assist the Company in identifying Prospective Investors interested in participating in
the Offering, and to use his best efforts to introduce Company to such Prospective Investors (the "Services"). 

    1.2   Finder
shall perform the Services in a manner that complies with applicable federal and state securities laws. Finder shall take no action that could limit or
otherwise adversely affect the ability of
the Company to claim an exemption from the registration or qualification requirements of applicable securities laws with respect to the Offering, and in particular will not take any action that could
be construed as constituting a general solicitation or general advertising by the Company, as such terms are used in Rule 502 of Regulation D under the Securities Act of 1933, as amended (the
"Securities Act"). 

    2.  Identification of Prospective Investors.  

    2.1   In
order to coordinate the Company's and Finder's respective efforts during the period of engagement hereunder, Finder will from time to time notify the Company of
Prospective Investors that he proposes to contact. Once Finder has identified a Prospective Investor to Company, Finder shall not identify additional Prospective Investors until either (a) the
Company advises Finder, at its discretion, that it is not interested in being introduced to the Prospective Investor proposed by Finder, or (b) the Company requests that Finder identify
additional Prospective Investors. If the Company informs Finder that it is interested in being introduced to a Prospective Investor, Finder will introduce representatives of the Company to the
Prospective Investor. Finder will not make any contact with a Prospective Investor unless such contact is expressly approved by the Company. 

    2.2   For
purposes of this Agreement, "Prospective Investors" shall mean "accredited investors," as such term is defined
in Rule 501 of Regulation D under the Securities Act, who are introduced to the Company by Finder at the Company's request. Prospective Investors shall not include any persons who are current
shareholders, officers, directors, consultants or employees of the Company or their respective family members, nor any person who has previously expressed an interest in participating in the Offering,
directly or indirectly, such that the Company is already aware of such interest. 

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    3.  Annual Report and Other Documents.  The Company will furnish Finder from time to time at Finder's
request with copies of the Company's 2001 annual report to shareholders and its quarterly and other periodic reports filed with the Securities and Exchange Commission. 

    4.  Compensation; Expenses.  

    4.1   In
the event that Finder's efforts result in one or more Prospective Investors participating in the Offering, and provided that the gross proceeds to the Company
in the Offering are not less than $15.0 million (the "Proceeds"), the Company shall, upon the closing of the Offering pay to Finder a cash fee
equal to seven percent (7%) of the cash invested in the Offering by the Prospective Investors. 

    4.2   The
Company shall reimburse Finder 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, including but not limited to reimbursement for mileage, airfare, hotel, meals and such other non-travel and entertainment expenses as may be
approved in advance by the Company. 

    5.  Term and Termination.  

    5.1   This
Agreement shall commence on the Effective Date and shall remain in effect for six months thereafter. 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. 

    5.2   Either
party may terminate this Agreement for any reason or for no reason upon five days written notice to the other party. In addition, this Agreement shall
terminate automatically upon Finder's death or disability. 

    5.3   The
Company may terminate this Agreement without any additional obligation of any kind if Finder breaches a material obligation hereunder, which breach remains
uncured by Finder for five days after receipt by Finder of notice from the Company asserting such breach. 

    5.4   Except
if this Agreement is terminated pursuant to Section 5.3 hereof, Finder shall be entitled to payment for all properly documented reimbursable expenses
incurred by him up to the date of termination and to the cash fee specified in Section 4.1 related to Prospective Investors who were referred by Finder prior to the date of termination and who
participate in the Offering. 

    6.  Confidentiality.  

    6.1   Finder
acknowledges and agrees that during the term of this Agreement, it may receive, learn or have access to confidential information belonging to the Company
(the "Confidential Information"). Confidential Information includes any and all proprietary information disclosed or made available by the Company to
Finder in any form, whether now existing or hereafter created, including without limitation all trade secrets, know-how, information systems, technology, data, computer programs, processes, methods,
operational procedures, plans, marketing and customer information, vendors, personnel, financing and business information, strategies or results, and other information of a similar nature that is not
generally disclosed by the Company to the public. Confidential Information shall not include any information that (i) is proven by written evidence to have been in Finder's possession prior to
disclosure by the Company; (ii) is received by Finder from a third party having the right to disclose
such information; (iii) is or hereafter becomes public knowledge through no act or fault of Finder; or (iv) is proven by written evidence to have been independently developed by Finder
without access to the Confidential Information. 

    6.2   Finder
agrees to keep the Company's Confidential Information in strict confidence and not to disclose it to any person, nor use the same for any purpose other than
performance hereunder. 

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Finder shall advise all employees with access to the Company's Confidential Information of their obligations with respect thereto. Notwithstanding the foregoing, Finder shall be and remain liable and
responsible for the confidentiality obligations of his employees. In addition to the foregoing, Finder shall protect and safeguard the Company's Confidential Information by using the same degree of
care, but no less than a commercially reasonable degree of care, to prevent the unauthorized use, dissemination or publication of the Company's Confidential Information as Finder uses to protect his
own most confidential or proprietary information of a like nature. 

    6.3   Finder
acknowledges and agrees that the foregoing terms and conditions are reasonable and necessary for the protection of the Company's Confidential Information
and to prevent damage or loss to the Company. Finder further agrees that any breach or threatened breach of such provisions will cause the Company irreparable harm for which there is no adequate
remedy at law. Therefore, Finder agrees that the Company shall be entitled, in addition to any other available remedies, to injunctive or other equitable relief to require specific performance or to
prevent a breach of the foregoing confidentiality provisions, without posting bond, or by posting bond of the lowest amount required by law. The provisions of this Section 6 shall survive the
expiration or termination of this Agreement. 

    7.  Indemnification.  Finder shall indemnify and hold the Company and its affiliates, directors,
officers, agents, and employees (each an "Indemnified Party") harmless from and against any losses, claims, damages, or liabilities, or actions in
respect thereof (each, a "Loss"), related to or arising out of Finder's engagement under this Agreement, and will reimburse the Indemnified Parties for
all expenses (including attorneys' fees and court costs) as they are incurred by any such Indemnified Party in connection with investigating, preparing, or defending any such action or claim, whether
or not in connection with pending or threatened litigation to which the Company is a party; provided, that Finder will not be responsible for any Loss that is finally determined to have resulted
primarily and directly from Company's willful misconduct. Finder also agrees that the Indemnified Parties shall not have any liability to Finder for or in connection with Finder's engagement (other
than the payment of fees in accordance with Section 4 hereof) except for any such liability for a Loss incurred by the Finder that results from an Indemnified Party's willful misconduct. The foregoing
indemnification shall be in addition to any rights that an Indemnified Party may have at common law or otherwise. The provisions of this Section 7 shall survive the expiration or termination of
this Agreement. 

    8.  Expenses.  Except for the expenses included in the fees in Section 4 above, the Company shall
not be liable for any retainer, costs, expenses or other charges incurred by Finder or third parties at the request of Finder. 

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

    10.  Governing Law.  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 Finder waives any defense of inconvenient forum to the maintenance of any
action or proceeding so brought. 

    12.  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 

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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: Chief Financial Officer

19910 North Creek Parkway

Bothell, WA 98011-3008

Fax: (425) 481-1625
	

To Finder:	
 	

Brookehill Capital Partners

1221 Post Road East

Westport, Connecticut

Fax: (203) 341-9364

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 12. 

    13.  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. 

    14.  Waiver.  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. 

    15.  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. 

    16.  Survival.  The provisions of Sections 6, 7, 10, 12, and 17 hereof shall survive expiration or
termination of this Agreement. 

    17.  Attorneys' Fees.  If any legal action, arbitration or other proceeding is brought for the
enforcement or interpretation of this Agreement or because of an alleged dispute, breach, default or misrepresentation in connection with or related to this 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. 

    18.  Entire Agreement.  This Agreement, including Annex A
hereto, 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. 

    19.  Successors and Assigns.  Finder acknowledges that the services to be rendered are unique and may not
be assigned by Finder 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. 

    20.  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, this Agreement has been executed by the parties hereto as of the Effective Date. 

	FINDER:	 	COMPANY:
	

BROOKEHILL CAPITAL PARTNERS	
 	

MICROVISION, INC.
	

By: /s/ Walter S Grossman	
 	

By: /s/ Richard A. Raisig
	Name: Walter S Grossman	 	Name: Richard A. Raisig
	Its: Chariman	 	Its: Chief Financial Officer

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