Document:

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                                Agreement between
                               Isonics Corporation
                                       and
                             Silicon Evolution, Inc.

     The following sets forth an agreement dated as of September 14, 2001, by
and between Isonics Corporation, a California corporation whose address is 5906
McIntyre Street, Golden, Colorado 80403 and Silicon Evolution, Inc., an Oregon
corporation ("SEI") whose address is12013 NE 99th Street, Suite 1600, Vancouver,
WA 98682.

A.   SEI and Isonics have engaged in discussions regarding various forms by
     which Isonics could acquire certain assets, subject to certain liabilities,
     of SEI.

B.   Isonics has loaned funds to SEI pursuant to a loan agreement, the repayment
     of which has been collateralized by SEI's assets as described in the
     financing statements filed with the Oregon secretary of state and in the
     other financing documents.

C.   SEI and Isonics have determined that this agreement sets forth the manner
     in which they desire to proceed with the business transaction that has been
     under discussion for several months.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained
herein, and for other good and valuable consideration, the receipt and
sufficiency of which both Isonics and SEI hereby acknowledge:

     1. LICENSE AGREEMENT. SEI owns or has rights to certain technology as
described on Exhibit 1 to this Agreement (the "SEI Technology").

     (a) SEI hereby grants a fully-paid, royalty-free license to the SEI
     Technology to Isonics and hereby delivers to Isonics a license for the SEI
     Technology in the form of Exhibit 2 which license is effective immediately.

     (b) Isonics agrees that: (i) it will file its "Certificate of Determination
     of Preferences and Rights of Series B Convertible Preferred Stock" (the
     "Certificate" and "Series B Stock," respectively) with the California
     Secretary of State in the form reviewed by SEI not later than Tuesday,
     September 18, 2001; (ii) upon filing the Certificate, Isonics will issue
     500,000 shares of its restricted Series B Stock to SEI; and (iii) Isonics
     will seek to increase its authorized capitalization at its next
     shareholders' meeting to a level at least sufficient to allow the
     conversion of the Series B Stock into Isonics common stock. In connection
     with the requirements of clause (iii), Isonics represents that its
     management and directors intend to recommend the approval of the increased
     capitalization to the shareholders and they intend to cast their votes for
     approval of the increase in authorized capitalization.

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          The shares to be issued to SEI (including both the Series B Preferred
     Stock and the common stock to be issued in exchange for the Series B
     Preferred Stock) will be restricted securities (as that term is defined in
     Rule 144), but will be included in a registration statement to be filed by
     Isonics on Form S-3 after an adequate number of common shares are
     authorized and after Isonics' currently-pending registration statement on
     Form SB-2 (File No. 333-56562) has become effective under the Securities
     Act of 1933.

          Notwithstanding the effectiveness of a Form S-3 registration statement
     or the availability of an exemption from registration, SEI hereby agrees
     for itself and for any person who accepts assignment from SEI of any of the
     Isonics shares that it, he, she or they, will not publicly sell or offer
     for sale any Isonics common stock received upon conversion of the Series B
     Preferred Stock for a period of not less than twelve months after the date
     the Series B Preferred Stock is issued.

          After the Form S-3 registration has become effective under the
     Securities Act of 1933 (or at such other time an exemption from
     registration is available) and subject to the lock-up agreement contained
     in the preceding paragraph, Isonics will cooperate with SEI in distributing
     the shares of Isonics common stock to its creditors.

     (c) In connection with the issuance of the shares as contemplated in
     Subsection 1(b), and in addition to the representations and warranties
     contained in the License, SEI represents and warrants to Isonics that: (i)
     it has obtained and reviewed such information regarding the business,
     financial condition, assets, management, and risks associated with an
     investment in Isonics as SEI, its directors and officers, have determined
     to be appropriate and necessary, (ii) it and they have received
     satisfactory answers to such questions regarding any of the information
     submitted or requested, it and they understand the risks associated with
     the acquisition of securities issued by Isonics, (iii) it and they
     understand that the securities are and will be when the common stock is
     issued "restricted" as that term is defined in Rule 144 under the
     Securities Act of 1933, as amended and, therefore, SEI represents that it
     is acquiring the shares (and will acquire the common stock upon conversion
     of the Series B Stock) for investment purposes only and without a view
     toward further distribution (which it can only accomplish provided a
     registration statement for such shares is available or if it establishes an
     exemption from registration under federal and applicable state securities
     laws); and (iv) SEI, its directors and officers, have consulted with its
     and their respective legal, financial, tax, and investment advisors
     regarding the issuance of the license in exchange for shares of Series B
     Stock to the extent it or they have determined such consultation to be
     necessary or appropriate.

     (d) SEI acknowledges that the Series B Stock is fair and adequate
     consideration for the license agreement.

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     2.   ISONICS' FINANCING AGREEMENTS. Isonics does not currently have
sufficient capital available to complete the business plan for the manufacture
of SOI and other silicon wafers ("Wafer Manufacturing Business") as SEI and
Isonics have previously discussed. SEI understands that Isonics needs to raise
capital and there can be no assurance that Isonics will be able to do so
successfully, or on economical or reasonable terms. In consideration of the
foregoing:

     (a) Isonics will use its best efforts to negotiate with the landlords
     renting equipment and real property to SEI terms that will permit Isonics
     to use (effective on or after October 1, 2001) in its own right the
     locations currently being occupied by SEI in Vancouver, Washington, known
     as "D-1" (including the clean room and equipment associated therewith),
     Suite 1700, and Suite 1600, plus such other equipment currently leased by
     SEI as Isonics (in its discretion) determines to be necessary or
     appropriate.

     (b) Isonics will use its best efforts to obtain a lease (effective on or
     after October 1, 2001) for the two machines currently located in SEI's
     premises which are known as the "AC320" and the "Strasbaugh grinder."

     (c) Effective when Isonics receives Adequate Funding (as defined in the
     next paragraph), Isonics will lease property, plant, and equipment from SEI
     as Isonics may specify, and will pay SEI a lease rental payment of $30,000
     per month payable monthly in advance pursuant to the Equipment Lease
     attached hereto as Exhibit 3;

     (d) Isonics will use its best efforts to assume the lease under which SEI
     is lessee for the property referred to as the "Troutdale, Oregon facility"
     when Isonics has equity financing of at least $2,000,000 (after deducting
     the expenses of obtaining such financing) or such lesser amount that is, in
     Isonics' discretion, sufficient to carry out the business plan of moving
     the Wafer Manufacturing Business to the Troutdale, Oregon facility
     ("Adequate Funding").

     (e) Isonics will enter into employment agreements with Ralph Ahlgren, Hans
     Walitzki, and Kurt Dichmann on terms they have previously discussed,
     pursuant to an agreement in the form of Exhibit 4, (which agreements will
     become effective on the earliest of the following:

          Isonics' receipt of Adequate Funding;
          Isonics commencing the Wafer Manufacturing Business on a commercial
          scale; and
          Isonics providing written notice to the employee that the agreement
          has become effective.

     If any employment agreement becomes effective prior to the date Isonics has
     received Adequate Funding, then each of the employees named above will be
     paid 60% of the salary designated in the employment agreement, with the

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     remaining 40% being accrued and deferred until Isonics receives Adequate
     Funding, but for no longer than six months. If any salary is deferred,
     payment of the deferred salary will commence on the date Isonics receives
     Adequate Funding (but in any event, on a date not later than six months
     after the effective date of the employment agreement), and shall thereafter
     be paid in twelve, equal monthly (or in Isonics' discretion 24 equal
     semi-monthly) installments in addition to the employee's full salary as set
     forth in the employment agreement.

     (f) Isonics will issue shares and options (exercisable for ten years after
     the employment agreements become effective at a price to be determined
     based on the date the employment agreement(s) become effective and the
     individuals become employees of Isonics) to Messrs. Ahlgren (100,000
     shares, 100,000 options), Walitzki (200,000 shares, 200,000 options), and
     Dichmann (100,000 shares, 100,000 options), subject to: (i) each of them
     signing the agreements required by the Isonics Corporation plans referred
     to as the "Executives Plan" and the "Equity Plan"; (ii) the Isonics
     shareholders approving an increase in the number of shares authorized for
     issuance under the plans; (iii) each of them making necessary or
     appropriate provisions for any obligation under federal or state tax law,
     or reporting obligation under the Securities Exchange Act of 1934, as
     amended; (iv) options vesting at the rate of 20% per year of employment,
     with the first vesting occurring when the employment agreement becomes
     effective; and (v) 10% of the shares vesting one year thereafter; an
     additional 15% vesting two years after the employment agreement becomes
     effective; an additional 20% vesting three years after the employment
     agreement becomes effective; an additional 25% vesting four years after the
     employment agreement becomes effective; and the remaining 30% vesting five
     years after the employment agreement becomes effective.

     (g) Isonics will make reasonable provision for hiring other employees of
     SEI, on terms and subject to conditions (including equity participation) as
     Isonics and each employee may negotiate.

     (h) Isonics will cause such documents (employment agreements, option
     agreements, stock bonus agreements, and other documentation necessary or
     appropriate to complete the foregoing) to be prepared for each of Mssrs.
     Ahlgren, Walitzki, and Dichmann.

     3.   MISCELLANEOUS PROVISIONS.

     (a) HEADINGS. The titles to sections of this Agreement are not a part of
     this Agreement and shall have no effect upon the construction or
     interpretation of any part hereof.

     (b) SUCCESSORS AND ASSIGNS. All of the covenants, agreements, terms and
     conditions contained in this Agreement shall inure to and be binding upon
     SEI and Isonics and their respective successors and assigns.

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     (c) NO PARTNERSHIP. Isonics does not in any way or for any purpose become a
     partner or joint venturer of, or member of a joint enterprise with, SEI in
     the conduct of its business.

     (d) NON-WAIVER. Waiver by SEI or Isonics of any breach of any term,
     covenant or condition herein contained shall not be deemed to be a waiver
     of such term, covenant or condition of this Agreement.

     (e) ENTIRE AGREEMENT. Except as otherwise set forth in this Agreement, this
     Agreement and the Exhibits hereto contain all covenants and agreements
     between SEI and Isonics relating in any manner to the subject matter of
     this Agreement.

     (f) SEVERABILITY. Any provision of this Agreement which shall prove to be
     invalid, void or illegal shall in no way affect, impair or invalidate any
     other provision hereof and the remaining provisions hereof shall
     nevertheless remain in full force and effect. If the intent of any section
     of this Agreement so indicate, the obligations of SEI and Isonics pursuant
     to such section of this Agreement shall survive the termination of this
     Agreement.

     (g) NOTICES. All notices which SEI or Isonics may be required, or may
     desire, to serve on the other may be served by personal service or by
     mailing by certified mail, postage prepaid, or by facsimile or courier at
     the address set forth in the first paragraph above, or such other address
     as the parties may from time to time designate to the other in writing. The
     time of rendition of such notice shall be deemed to be the time when the
     notice is either personally delivered or deposited in the mail as herein
     provided.

     (h) FORCE MAJEURE. Time periods or deadlines for SEI's or Isonics's
     performance under any provisions of this Agreement shall be extended for
     periods of time during which the nonperforming party's performance is
     prevented due to circumstances beyond the party's control, including,
     without limitation, labor disputes, embargoes, governmental restrictions or
     regulations, inclement weather and other acts of God, war or other strife.

     (i) APPLICABLE LAW. The laws of the State of Colorado shall govern the
     validity, performance, and enforcement of this Agreement. Any action
     arising or that may be deemed to arise under this lease shall be brought in
     the Jefferson County, Colorado.

     (j) LEGAL REPRESENTATION. Each of the parties acknowledge that they have
     sought and received such legal representation regarding the subject matter
     of this Agreement as they have determined to be necessary or appropriate.
     SEI acknowledges and agrees that the law firm of Norton Lidstone, P.C. has
     represented only Isonics in connection with the negotiation of this
     Agreement,

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     the employment agreements, the lease agreement, the license agreement, and
     the other documents and agreements attached to or contemplated by this
     Agreement. SEI acknowledges that Norton Lidstone, P.C. has not provided
     advice or counsel to any other party to this Agreement or any agreement
     contemplated hereby.

     (k) ATTORNEYS' FEES. In any action brought to enforce the terms and
     conditions of this Agreement, the prevailing party shall be entitled, as
     part of its award, to reasonably attorneys' fees incurred.

     (l) FULL CORPORATE AUTHORITY. Isonics represents to SEI and SEI represents
     to Isonics that all corporate actions have been properly taken to confer
     upon the undersigned the authority to execute this agreement on behalf of
     Isonics and SEI, respectively.

     IN WITNESS WHEREOF, the parties hereto have executed or caused this
Agreement to be executed as of the day and year first above written.

     LESSOR                             By
                                          ------------------------------------
     Silicon Evolutions, Inc.             Ralph Ahlgren, President

                                        By
                                          ------------------------------------
                                          Hans Walitzki, Vice President

     ISONICS                            By
                                          ------------------------------------
     Isonics Corporation                      James E. Alexander, President

                                       6<Page>

                          TECHNOLOGY LICENSE AGREEMENT

This Technology License Agreement (Agreement) dated as of the Effective Date as
defined below is made by and between Silicon Evolution, Inc., an Oregon
corporation, ("SEI"), and Isonics Corporation, a California corporation,
("Isonics").

                                    RECITALS

A)   SEI owns certain intellectual property assets which are more particularly
     described on Exhibit "A" (the " SEI IP").

B)   SEI has licensed intellectual property from Wacker Siltronic Corporation
     and Wacker-Siltronic AG by agreement dated May 31, 2000 which are more
     particularly described on Exhibit "B" (the "Wacker IP").

C)   Isonics desires to obtain a license to use, commercialize, and sell
     products made with the IP, and to further license and sublicense the SEI IP
     and the Wacker IP.

D)   SEI is willing to grant such a license to Isonics on the terms set forth
     herein.

     1.   DEFINITIONS

          a.   AFFILIATE: "Affiliate" of a party shall mean any person,
     organization, or entity that in any way, directly or indirectly, controls,
     is controlled by, or is under common control with such party. For the
     purposes of this definition, "control" shall mean ownership of at least
     fifty percent (50%) equity interest in or by such person, organization, or
     entity.

          b.   BUSINESS: "Business" shall mean the business of manufacturing and
     marketing silicon-on-insulation wafers for the semiconductor industry.

          c.   BUSINESS INFORMATION: "Business Information" means any material
     in human or machine readable form used, compiled or produced by or for the
     business of manufacturing and using the Licensed Technology for the
     Licensed Products as set forth on Exhibit "A".

          d.   CLEAN ROOM LEASES. "Clean Room Leases" means a sublease and two
     equipment leases, each of which is currently existing (although in default)
     between SEI and: (i) IMAT, Inc. who is the lessee of Building D (Phase
     VIII), D-100, located at 12516 N.E. 95th Street, Vancouver, Washington,
     which granted SEI a sublease for that property on March 1, 2000, but has
     served a notice of termination of that sublease effective October 7, 2001;
     (ii) IMAT, Inc. who is the owner of a DI water system made by US Filter
     Corporation and who has leased that equipment to SEI pursuant to a lease
     dated April 1, 2000, which lease is in default and as to which the lessor
     has served a notice of termination effective October 7, 2001; and (iii)
     Techno Vest International who is the owner of a Class 10 Cleanroom with
     related facilities which includes chiller, air-handling unit and air-duct,
     and a water clean station with related facilities which include waste
     chemical pump stations and chemical fume exhaust systems, and who has
     leased that

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     equipment to SEI pursuant to a lease dated April 30, 2000, which lease is
     in default and as to which the lessor has served a notice of termination
     effective October 7, 2001.

          e.   CONFIDENTIAL INFORMATION. "Confidential Information" shall mean
     (i) any patent applications, Trade Secrets, or Know-How held by either
     party and regardless of whether marked or designated "confidential" or
     "proprietary," and (ii) any information disclosed to the receiving party
     orally or in writing or in model form, in whatever format, relative to
     operations, existing and proposed contracts, sales training and techniques,
     financial data, trade secrets, marketing and business plans, research
     and/or development, data, formulae, processes, designs, specifications,
     product knowledge, procedures, methods and techniques whether disclosed by
     way of documents, oral communications, or visits to factories or other
     premises, and all information regarding the existing and proposed
     commercial operations of the disclosing party or relative to any other
     confidential proprietary information which is clearly marked at the time of
     disclosure as being "Confidential." Information transmitted orally and
     identified at that time as being Confidential shall be considered as
     "Confidential Information" if it is reduced to writing and transmitted to
     the receiving party within 15 days of its disclosure. "Confidential
     Information" does not include information relating to the Licensed
     Technology that SEI may provide to Isonics, which information Isonics may
     use and disclose in its discretion.

          f.   COPYRIGHTS: "Copyright(s)" means all forms of proprietary rights
     granted by a government with respect to an original work of authorship
     fixed in any tangible medium of expression from which it can be perceived,
     reproduced or otherwise communicated relating to the relating to the
     Technology covered by, and existing at the time of, this Agreement as
     specifically set forth in Exhibit "A".

          g.   EFFECTIVE DATE: "Effective Date" means that date when SEI
     executes and delivers this Agreement to Isonics by facsimile or hand
     delivery.

          h.   IMPROVEMENTS: "Improvements" shall mean any enhancement or
     modification of the Licensed Technology by Isonics.

          i.   KNOW-HOW: "Know How" means all factual knowledge and information
     related to the Business and the Technology which is not capable of precise,
     separate description but which, in accumulated form, after being acquired
     as a result of trial and error, gives to the one acquiring it the ability
     to produce and market something which one would otherwise not have known
     how to produce and market with the same accuracy or precision necessary for
     commercial success, provided, however, that such knowledge and information
     is not in the public domain or readily available to any third party other
     than a limited number of persons who have agreed to keep that information
     secret.

          j.   LICENSED PRODUCT: "Licensed Product" shall mean the products
     manufactured using any of the Licensed Technology.

          k.   LICENSED TECHNOLOGY: "Licensed Technology" shall mean the SEI IP
     and the Wacker IP.

          l.   PARTY: "Party" shall mean either SEI or Isonics as the context
     requires.

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          m.   PATENTS: "Patent(s)" means all forms of proprietary rights
     granted by a government with respect to a design or an Invention, including
     patents and certificates of addition, utility models, and enforceable
     patent applications, i.e. those under which injunctive relief is available,
     as well as any continuation, division, extension, renewal, revival, or
     reissue thereof or substitution therefor relating to the Technology covered
     by, and existing at the time of, this Agreement as specifically set forth
     on Exhibit "A"

          n.   TECHNICAL INFORMATION: "Technical Information" means any material
     in human or machine-readable form which embodies or describes the Licensed
     Technology set forth on Exhibit "A".

          o.   TECHNOLOGY: "Technology" shall mean any and all compositions,
     machines, articles of manufacture, processes, apparatus, (collectively the
     "Inventions"); Patents, Copyrights, Trade Secrets, and Know-How; data,
     writings and works of authorship (including without limitation software,
     protocols, program codes, audiovisual effects created by program code, and
     documentation related thereto, drawings); mask works; other tangible and
     intangible items (including without limitation materials, samples,
     components, tools, and operating devices, E.G., board assemblies, and
     engineering models); and Technical Information relating to the IP.

          p.   TECHNOLOGY RIGHTS: "Technology Rights" shall mean intellectual
     property rights including Patents, Copyrights, Trade Secrets and Know-How,
     but not trademarks and trade names.

          q.   TERRITORY: "Territory" shall mean world-wide.

          r.   TRADE SECRETS: "Trade Secrets" means any Technical Information
     and Business Information that generally facilitates the sale of products,
     increases revenues, is not generally known by others than the parties
     except by those subject to restrictions on disclosure, and provides an
     advantage over the competition.

     2.   GRANT

          a.   GRANT OF LICENSE: Subject to the terms and conditions of this
     Agreement, SEI hereby grants to Isonics: (A) (and to the fullest extent
     allowable in the license of the Wacker IP) a fully paid, non-exclusive,
     royalty free, perpetual, transferable, license of all of SEI's rights to
     the Wacker IP and all related Licensed Technology within the Territory and
     (B) a fully paid, exclusive, royalty free, perpetual, transferable, license
     of all of SEI's rights to the SEI IP and all related Licensed Technology
     within the Territory to (i) use, modify or create derivative works of the
     Licensed Technology and Licensed Products, or sublicense such rights (as
     set forth below) and (ii) make, have made, and sell the Licensed Products
     within the Territory.

          b.   IMPROVEMENTS: All Improvements to the Licensed Technology
     developed by Isonics will belong to Isonics. To the extent Isonics (or any
     person at the direction of Isonics) creates, invents, or authors such
     Improvement shall have the right to file patent applications, or any
     continuations, renewals or extensions thereof in its own name, or copyright
     registrations

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          c.   SUBLICENSES: Isonics may sub-license the Licensed Technology, or
     any portion thereof, in its discretion. SEI may not grant further licenses
     or sublicenses to the Licensed Technology without Isonics' approval. After
     the Effective Date, SEI may not practice the Licensed Technology without
     Isonics' written consent, which consent Isonics will not unreasonably
     withhold.

          d.   CONVERSION TO NON-EXCLUSIVE LICENSE. SEI may (upon 30 days' prior
     written notice and an opportunity during such 30 day period for Isonics to
     cure the deficiency described by SEI in the written notice) convert this
     Agreement into a non-exclusive license if either: (i) Isonics fails to
     engage in the production of silicon-on-insulation wafers on or before
     October 1, 2002; or (ii) Isonics fails to invest at least $2,000,000 in
     facilities for the production of silicon wafers (including plant and
     equipment) on or before October 1, 2002.

          e.   Isonics has the right to terminate this Agreement (and upon
     written notice to SEI of such event, SEI will return to Isonics the
     consideration described in paragraph 3(b), below, or the shares of common
     stock issued upon conversion of that consideration) at any time until
     December 1, 2001, unless prior to that time Isonics has entered into an
     agreement acceptable to Isonics in its sole discretion for the continuation
     of the Clean Room Leases, or the substitution of new leases for the Clean
     Room Leases.

     3.   OBLIGATION OF LICENSOR AND LICENSEE

          a.   NONASSERTION. SEI agrees that it shall not assert against Isonics
     or its customers and licensees or sublicensees, any claims for infringement
     or misappropriation based on the manufacture, use, or sale of any Licensed
     Products.

          b.   CONSIDERATION. As full payment for the grant of the license
     hereby, Isonics hereby agrees to issue to SEI 500,000 shares of its Series
     B Convertible Preferred Stock.

          c.   In connection with the acceptance of the shares, SEI represents
     and warrants that:

               (i)  SEI and its board of directors have consulted with its and
          their legal, tax, financial, and investment advisors regarding the
          acceptance of Isonics stock as full consideration for this Agreement.

               (ii) SEI and its advisors have reviewed information about Isonics
          as they have determined necessary or appropriate in making an
          investment decision with respect to the acquisition of Isonics stock
          (including, without limitation, Isonics' annual report on Form 10-KSB
          for the year ended April 30, 2001 and subsequent reports filed with
          the Securities and Exchange Commission all of which are available
          online at www.sec.gov).

               (iii) SEI is accepting the shares for investment purposes only
          and will not further distribute the shares except pursuant to a
          registration statement that Isonics may file in accordance with other
          commitments, or pursuant to an exemption from registration that must
          be established to the satisfaction of Isonics.

               (iv) SEI understands that because of the risks associated with
          its

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          acquisition of Isonics shares and because of the lack of
          transferability of those shares it may not be able to profit from the
          ownership of those shares for a significant period of time, if ever.

               (v)  SEI will cooperate with Isonics in establishing an exemption
          from registration for the issuance to SEI of the shares under the
          Securities Act of 1933 and under applicable state securities laws. For
          the purposes of this exemption, SEI represents and warrants that its
          principal place of business is in Vancouver, Washington.

     4.   PROTECTION OF INTELLECTUAL PROPERTY RIGHTS

          a.   GENERAL. Both Parties shall take reasonable measures to prevent
     unauthorized copying and protect the Licensed Technology, and use best
     efforts to protect the Trade Secrets and Know-How therein, but neither
     Party shall be obligated hereunder to take any measures in excess of those
     it takes to protect its own valuable Technology.

          b.   THIRD PARTY INFRINGERS. Upon the discovery of any infringement or
     misappropriation of the Licensed Technology under the Technology Rights,
     the Parties hereto shall consult together with a view to reaching an
     agreement as to the ways and means of eliminating such infringement or
     addressing such misappropriation. If the Parties agree jointly to commence
     litigation against potential third party infringers, they will agree by
     their respective shares the expense burden thereof, which shares will be
     identical to their respective division of any recoveries thereof. In the
     event that SEI declines to participate in the enforcement and/or protection
     of the Licensed Technology under the Technology Rights, Isonics may, at its
     sole discretion and expense and to the extent permitted by law, initiate
     proceedings or take such steps as it deems appropriate, to enforce its
     rights with respect thereto. SEI shall cooperate with Isonics in such
     defense at Isonics' sole expense.

          c.   SEI DISCLOSURE. During the period following the Effective Date,
     SEI will disclose to Isonics all information regarding the Technology that
     is or may be relevant to Isonics' contemplated operations, and will provide
     Isonics with copies of all written documentation relating to the
     Technology.

          d.   CONFIDENTIAL TREATMENT. The Parties will treat any Confidential
     Information obtained by the receiving party pursuant to the provisions of
     this Agreement as confidential, except that in the event of any dispute,
     litigation or arbitration proceedings between the parties, such
     Confidential Information may be disclosed to the tribunal. Prior to any
     Confidential Information being disclosed pursuant to the preceding
     sentence, the receiving party shall give the disclosing party reasonable
     notice of pending disclosure and both parties shall cooperate to undertake
     all reasonable measures to obtain a protective order prohibiting or
     limiting disclosure of such Confidential Information.

     5.   REPRESENTATIONS AND WARRANTIES SEI warrants and represents to Isonics
that (i) SEI has the right, power and legal capacity to enter into this
Agreement and has the right to license the Licensed Technology as set forth
above; and (ii) to the best of SEI's knowledge, the Licensed Technology does not
infringe upon the rights of any third party.

     6.   REMEDIES

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          a.   INJUNCTIVE RELIEF. In the event of a breach by either Party, of
     the confidentiality or licensing provisions contained in this Agreement,
     the non-breaching Party shall be entitled to an injunction from engaging in
     or continuing with any conduct which may constitute a breach or threatened
     breach of those provisions. An injunction may also be sought against the
     breaching Party from rendering services to any person, firm, corporation,
     association or other entity which may in some manner receive benefit from
     the breaching Party's breach or threatened breach of those provisions. The
     Parties agree that there is no adequate remedy at law for the irreparable
     harm that would result from a breach thereof and therefore the Parties
     consent to injunctive relief to enforce this Agreement. Nothing in this
     Section shall be construed as prohibiting the Parties from pursuing other
     remedies which may be available for breach or threatened breach, including
     the recovery of damages.

          b.   ATTORNEYS' FEES. In the event of any action or proceeding brought
     by either Party against the other under this Agreement, the prevailing
     Party shall be entitled to recover all expenses incurred therefor,
     including, but not limited to, reasonable attorneys' fees.

          c.   DISPUTE RESOLUTION.

               (i)  STEP NEGOTIATIONS. The Parties shall attempt in good faith
          to resolve any dispute arising out of or relating to this Agreement
          promptly by negotiations, as follows. Any Party may give the other
          Party written notice of any dispute not resolved in the normal course
          of business. Executives of both Parties who have previously been
          involved in the dispute shall meet at a mutually acceptable time and
          place within 10 days after delivery of such notice, and thereafter as
          often as they reasonably deem necessary, to exchange relevant
          information and to attempt to resolve the dispute. If the matter has
          not been resolved by these persons within 30 days of the disputing
          Party's notice, or if the Parties fail to meet within 10 days, the
          dispute shall be referred to senior executives of both Parties who
          have authority to settle the dispute and who shall likewise meet to
          attempt to resolve the dispute. If the matter has not been resolved
          within 30 days from the referral of the dispute to senior executives,
          or if no meeting of senior executives has taken place within 15 days
          after such referral, either Party may initiate mediation as provided
          hereinafter. If a negotiator intends to be accompanied at a meeting by
          an attorney, the other negotiator shall be given at least three
          working days' notice of such intention and may also be accompanied by
          an attorney. All negotiations pursuant to this clause are confidential
          and shall be treated as compromise and settlement negotiations for
          purposes of the Federal Rules of Evidence and state rules of evidence.

               (ii) MEDIATION. If the dispute has not been resolved by
          negotiation as provided above, the Parties shall endeavor to settle
          the dispute by mediation by the Judicial Arbiter Group, Inc., Denver,
          Colorado, under its then effective rules.

               (iii) ARBITRATION. Should all good faith attempts to resolve the
          dispute amicably as set forth above be exhausted, and if agreed to by
          the Parties, any dispute arising in connection with this Agreement may
          be finally settled by arbitration before the Judicial Arbiter Group,
          Denver, Colorado, by three

                                       6
<Page>

          arbitrators appointed on an expedited basis. Such arbitration shall
          take place in Denver, Colorado. The arbitrators shall be bound by the
          laws governing this Agreement, and this Agreement, and shall be bound
          by the obligation to retain Confidential Information in confidence in
          perpetuity and not to disclose Confidential Information.

     7.   MISCELLANEOUS

          a.   SUCCESSORS AND ASSIGNMENT. Except as provided herein, this
     Agreement or any rights hereunder shall not be assigned or transferred, in
     whole or in part, by either Party without the prior written consent of the
     other Party, and any such permitted assignment or transfer shall be binding
     on each Party's successors and permitted assignees.

          b.   LIMITATION OF RIGHTS. Except as expressly provided in this
     Agreement, nothing contained herein shall be construed as conferring any
     license or other rights by implication, estoppel or otherwise.

          c.   SEVERABILITY. If any provision of this Agreement be adjudicated
     invalid or against public policy for any reason by a court of competent
     jurisdiction, it is specifically intended that each and every provision not
     so invalidated shall remain in full force and effect.

          d.   CHOICE OF LAW. This Agreement is made and entered into in the
     State of Colorado, and shall in all ways be governed and construed by the
     law of such State, without regard to conflicts of law.

          e.   WAIVER. No waiver of any provision of this Agreement shall be
     construed to be a waiver of any subsequent breach of the same or any other
     provision of this Agreement.

          f.   INDEXING. All indexing set forth in this Agreement is intended
     for convenience only and shall not control or affect the meaning,
     construction or effect of this Agreement or of any of the provisions
     thereof.

          g.   NON-PARTNERSHIP. Each Party shall bear its respective expenses,
     risks, and liabilities arising out of its efforts related to this
     Agreement. The Parties to this Agreement are independent contractors. This
     Agreement shall not constitute, create, give effect to, or imply a joint
     venture, pooling arrangement, partnership, formal business organization or
     any type of permanent arrangement of any kind. Neither Party shall (i) have
     the authority to bind the other except to the extent authorized herein,
     (ii) be liable to the other for any damages, whether direct, indirect,
     special, incidental or consequential, whether arising out of contract, tort
     (negligence) or strict liability, or (iii) share losses with the other.

          h.   NO THIRD-PARTY BENEFICIARY RIGHTS. No provision of this Agreement
     is intended nor shall be interpreted to provide or create any third party
     beneficiary rights or any other rights of any kind in any sublicensee, and
     all provisions hereof shall be personal solely between the Parties hereto.

          i.   NOTICES. All notices which Lessor or Isonics may be required, or
     may

                                       7
<Page>

     desire, to serve on the other may be served by personal service or by
     mailing by certified mail, postage prepaid, at such address as the parties
     may from time to time designate to the other in writing, or by facsimile to
     such telephone number as the parties may from time to time designate
     provided the sending facsimile machine automatically prints out a receipt
     for such transmission. The time of rendition of such notice shall be deemed
     to be the time when the notice is either personally delivered or deposited
     in the mail as herein provided, or a facsimile receipt has been printed.

          j.   INTEGRATION. This Agreement constitutes the entire Agreement
     between the Parties. No amendments to this Agreement shall be made other
     than by a written amendment signed by both Parties.

     By their signatures below: (a) SEI affirmatively represents to Isonics that
it's board of directors has unanimously approved this Agreemenet and the grant
of this license to Isonics; and (b) Isonics affirmatively represents to SEI that
it will submit this Agreement to its board of directors and that it will advise
SEI of the Effective Date hereof.

Licensor                                Licensee

Silicon Evolutions, Inc.                Isonics Corporation

By:                                     By:
   ---------------------------             ---------------------------------
Ralph Ahlgren, President                James E. Alexander, President

By:
   ---------------------------
Hans Walitzki, Vice President

                                       8

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