LEASE AGREEMENT



        THIS LEASE AGREEMENT (the "Lease") is made and entered into this 22nd

day of May, 2000, to be effective October 1, 2000, by and between NP#2, LLC, a

Utah limited liability company, hereinafter referred to as the "Landlord", and

IOMED, Inc., a Utah corporation, hereinafter referred to as the "Tenant":



                               W I T N E S S E T H



        ARTICLE 1 PREMISES AND TERM



                Effective October 1, 2000, Landlord hereby leases and by these

presents does lease and demise to the Tenant, and the Tenant does lease and take

from the Landlord, the premises located at 2441 South 3850 West, West Valley

City, Utah, and described on Exhibit "B" attached hereto, consisting of

approximately 34,000 square feet of office/production/warehouse space, (the

"Demised Premises"), situated in the building erected on the property described

on Exhibit "A" attached hereto, together with all the easements, rights,

privileges and appurtenances thereunto belonging or in any way appertaining to

the Demised Premises.



                TO HAVE AND TO HOLD the said Demised Premises, together with all

and singular the improvements, appurtenances, rights, privileges and easements

thereunto belonging to or in anywise appertaining, unto Tenant for a lease term

commencing as of October 1, 2000 and continuing thereafter to and including the

date April 30, 2006. This Lease is entered into in contemplation of Article 32

hereinbelow.



        ARTICLE 2 CONSTRUCTION OF IMPROVEMENTS



                Landlord has, at Landlord's sole cost and expense, constructed a

building and other improvements, containing the Demised Premises. Tenant has

advised Landlord that Tenant will require certain modifications to the Demised

Premises prior to October 1, 2000. Notwithstanding the need for certain

modifications to the Demised Premises, Tenant hereby leases the Demised Premises

in its current condition and repair without such modifications having first been

made. As of the execution of this Lease, Tenant and Landlord have only discussed

the conceptual changes required for Tenant's use of the Demised Premises and no

plans or specifications have been prepared. Landlord hereby agrees to fund up to

$100,000 of the cost of such modifications to the Demised Premises (the

"Landlord Contribution"). Any cost exceeding Landlord's Contribution shall be

the sole and exclusive responsibility of Tenant. Such Landlord Contribution

shall be amortized and repaid by Tenant over the term of the Lease at an

implicit interest rate of 10.5%. Tenant agrees to arrange for the preparation of

plans and specifications for Tenant's required improvements to the Demised

Premises. At Tenant's request, Landlord agrees to cooperate with Tenant in

Tenant's preparation of plans and







{PAGE}   2



specifications by providing to Tenant copies of the plans and specifications for

the existing Demised Premises and providing general information concerning the

Demised Premises that may be reasonably necessary for Tenant in the preparation

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