0001144204-06-042456 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • October 16th, 2006 • IsoRay, Inc. • Surgical & medical instruments & apparatus • Washington

This Registration Rights Agreement (the "Agreement") is entered into as of the 17th day of October, 2005, by and among IsoRay, Inc., a Minnesota corporation (the "Corporation"), Meyers Associates, L.P., a New York limited partnership (the "Placement Agent"), and each of the Corporation's shareholders (collectively, the "Signing Shareholders") who is a signatory hereto.

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