0001104659-07-012340 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 20th, 2007 • Isonics Corp • Chemicals & allied products • New York

This Employment Agreement, dated as of February 16, 2007 (this “Agreement”), is by and between Isonics Corporation, a California corporation whose address is 5906 McIntyre Street, Golden, CO 80403 (the “Company”), and Christopher Toffales, an individual residing at 21 Motts Hollow Road, Port Jefferson, New York 11777 (“Executive”).

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SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE
Settlement Agreement • February 20th, 2007 • Isonics Corp • Chemicals & allied products • Colorado

This Settlement Agreement and Mutual General Release (hereinafter, this “Agreement”) is made and entered into as of the 13th day of February 2007, by and between Isonics Corporation (“Isonics”) and Boris Rubizhevsky (“Mr. Rubizhevsky”). Isonics and Mr. Rubizhevsky are referred to jointly herein as “the Parties.”

WAIVER AGREEMENT
Waiver Agreement • February 20th, 2007 • Isonics Corp • Chemicals & allied products • New Jersey

THIS WAIVER AGREEMENT (this “Agreement”), dated as of February 19, 2007, by and among ISONICS CORPORATION, a California corporation (the “Company”), and Cornell Capital Partners, L.P. (individually, a “Buyer” or collectively “Buyers” and itself the holder of more than a majority of the Registrable Securities, the 6% Debentures, and the Warrants (all as defined below)).

SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE
Settlement Agreement • February 20th, 2007 • Isonics Corp • Chemicals & allied products • Colorado

This Settlement Agreement and Mutual General Release (hereinafter, this “Agreement”) is made and entered into as of the 13th day of February 2007, by and between Isonics Corporation (“Isonics”) and James E. Alexander (“Mr. Alexander”). Isonics and Mr. Alexander are referred to jointly herein as “the Parties.”

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