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EXHIBIT 4.21

                             PLACEMENT AGENT WARRANT

THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE
ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS OR (B)
AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT
REQUIRED UNDER THAT ACT OR APPLICABLE STATE SECURITIES LAWS OR (II) UNLESS SOLD
PURSUANT TO RULE 144 UNDER THAT ACT.

                               SSP SOLUTIONS, INC.

                        WARRANT TO PURCHASE COMMON STOCK

Warrant No.:                                            Number of Shares: ______
Date of Issuance: November 19, 2003

         SSP SOLUTIONS, INC., a Delaware corporation (the "COMPANY"), hereby
certifies that, for $10.00 and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, ___________________,
the registered holder hereof or its permitted assigns, is entitled, subject to
the terms set forth below, to purchase from the Company upon surrender of this
Warrant, at any time or times on or after the Exercisability Date (as defined
herein), but not after 11:59 P.M. Eastern Standard Time on the Expiration Date
(as defined herein), ____________________ (______) fully paid nonassessable
shares of Common Stock (as defined herein) of the Company (the "WARRANT SHARES")
at the Warrant Exercise Price (as defined herein).

1. PURCHASE AGREEMENT.

         This Warrant is being issued to the holder as transferee of Burnham
Hill Partners ("BHP") as part of the holder's compensation for efforts in
assisting BHP in raising capital for the Company pursuant to the Securities
Purchase Agreement dated as of November 19, 2003, among the Company and the
Persons referred to therein (the "AGREEMENT"). Capitalized terms not defined
herein shall have the same meaning as in the Agreement.

2. DEFINITIONS.

         The following words and terms as used in this Warrant shall have the
following meanings:

         (a) "BUSINESS DAY" means any day other than a Saturday, Sunday or other
day on which the Principal Market is authorized or required to be closed to
trading.

         (b) "CLOSING SALE PRICE" means, for any security as of any date, the
last closing trade price for such security on the Principal Market as reported
by Bloomberg Financial Markets ("BLOOMBERG"), or, if the Principal Market begins
to operate on an extended hours basis and does not designate the closing trade
price, then the last trade price at 4:00 p.m., New York City Time (or such other


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time as the Principal Market publicly announces is the official close of
trading), as reported by Bloomberg, or, if the foregoing do not apply, the last
closing trade price of such security in the over-the-counter market on the
electronic bulletin board for such security as reported by Bloomberg, or, if no
closing trade price is reported for such security by Bloomberg, the last closing
ask price for such security as reported by Bloomberg, or, if no last closing ask
price is reported for such security by Bloomberg, the average of the highest bid
price and the lowest ask price of any market makers for such security as
reported in the "pink sheets" by the National Quotation Bureau, Inc. If the
Closing Sale Price cannot be calculated for that security on that date on any of
the foregoing bases, the Closing Sale Price of such security on such date shall
be the fair market value as mutually determined by the Company and the holders
of Warrants representing at least two-thirds (2/3) of the shares of Common Stock
issuable upon the exercise of the Warrants then outstanding. If the Company and
the holders of the Warrants are unable to agree upon the fair market value of
the Common Stock, then the Company shall immediately submit via facsimile the
disputed determination of the fair market value to an independent, reputable
investment banking firm. The Company shall cause the investment banking firm to
perform the determinations or calculations and notify the Company and the holder
of the results no later than 48 hours from the time it receives the disputed
determinations or calculations. The investment banking firm's determination or
calculation, as the case may be, shall be deemed conclusive absent manifest
error.

         (c) "COMMON STOCK" means (i) the Company's common stock, par value
$0.01 per share, and (ii) any capital stock into which the Common Stock has been
changed or any capital stock resulting from a reclassification of the Common
Stock.

         (d) "CONVERTIBLE SECURITIES" means any stock or securities (other than
Options) directly or indirectly convertible into or exchangeable or exercisable
for Common Stock.

         (e) "EFFECTIVE DATE" means the date the Registration Statement (as
defined in the Registration Rights Agreement) is declared effective by the SEC.

         (f) "EXERCISABILITY DATE" means the date of the Company Stockholder
Meeting (as defined in and contemplated by Section 6.12 of the Agreement).

         (g) "EXPIRATION DATE" means the date five years from the date of this
Warrant or, if such date does not fall on a Business Day or on a day on which
trading takes place on the principal exchange or automated quotation system on
which the Common Stock is traded, then the next Business Day.

         (h) "OTHER SECURITIES" means shares of Common Stock issued upon (i)
exercise of warrants of the Company issued prior to, and outstanding on, the
date of issuance of this Warrant, (ii) conversion of Convertible Securities of
the Company issued prior to, and outstanding on the date of, issuance of this
Warrant, and (iii) conversion of the Series A Preferred Stock issued by the
Company pursuant to the Agreement.

                                      -2-

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         (i) "OPTIONS" means any rights, warrants or options to subscribe for or
purchase Common Stock or Convertible Securities.

         (j) "PERSON" means an individual, a limited liability company, a
partnership, a joint venture, a corporation, a trust, an unincorporated
organization and a government or any department or agency thereof.

         (k) "PREFERRED SHARES" means the shares of the Company's Series A
Preferred Stock issued pursuant to the Agreement.

         (l) "PRINCIPAL MARKET" means The Nasdaq National Market, or, if the
Common Stock is not traded on The Nasdaq National Market, then the principal
securities exchange or trading market for the Common Stock.

         (m) "SECURITIES ACT" means the Securities Act of 1933, as amended.

         (n) "SUBSCRIPTION FORM" means the Subscription Form attached hereto and
incorporated herein as EXHIBIT A.

         (o) "WARRANT" means this Warrant and all Warrants issued in exchange,
transfer or replacement of this Warrant.

         (p) "WARRANT EXERCISE PRICE" means $0.70 per share, subject to
adjustment as hereinafter provided.

3. EXERCISE OF WARRANT.

         3.1 EXERCISE; DELIVERY OF CERTIFICATES. This Warrant may be exercised,
at the option of the holder, at any time and from time to time (a) on or after
the Exercisability Date and (b) prior to the end of business on the Expiration
Date, for all or any part of the Warrant Shares. This Warrant may be exercised
by delivering the payment of the Warrant Exercise Price for the number of
Warrant Shares being purchased and concurrently surrendering this Warrant to the
Company at its principal office (the "DESIGNATED OFFICE"), together with the
Subscription Form attached hereto duly completed and signed. The Warrant Shares
purchased under this Warrant shall be and are deemed to be issued to the holder
as the record owner of those shares as of the close of business on the date on
which this Warrant was surrendered and payment made therefor. Certificates for
Warrant Shares so purchased shall be delivered to the holder within three
Business Days after this Warrant has been exercised, and, in case of a purchase
of less than all of the Warrant Shares purchasable upon exercise of this
Warrant, the Company shall cancel this Warrant and, within three Business Days,
shall execute and deliver to the holder a new Warrant of like tenor for the
balance of the Warrant Shares. Each stock certificate so delivered shall be
registered in the name of the holder or, subject to compliance with applicable
laws, such other name as shall be designated by the holder.

         3.2 PAYMENT OF WARRANT PRICE. Payment of the Warrant Exercise Price may
be made, at the option of the holder (i) by certified or official bank check,
(ii) by wire transfer, or (iii) by "Cashless Exercise" as described in SECTION
3.4.

                                      -3-

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         3.3 NO FRACTIONAL SHARES. No fractional shares of Common Stock are to
be issued upon the exercise of this Warrant, but rather the number of shares of
Common Stock issued upon exercise of this Warrant shall be rounded up or down to
the nearest whole number.

         3.4 CASHLESS EXERCISE. Notwithstanding anything contained herein to the
contrary, the holder of this Warrant may, at its election exercised in its sole
discretion on or after the Exercisability Date and prior to the end of business
on the Expiration Date, exercise this Warrant in whole or in part and, in lieu
of making the cash payment otherwise contemplated to be made to the Company upon
such exercise in payment of the aggregate Warrant Exercise Price, elect instead
to receive upon such exercise the "net number" of shares of Common Stock
determined according to the following formula (a "CASHLESS EXERCISE"):

         Net Number = (A X B) - (A X C)
                      -----------------
                              B

                  For purposes of the foregoing formula:

                           A = the total number of shares with respect to which
                           this Warrant is then being exercised.

                           B = the Closing Sale Price of the Common Stock on the
                           date immediately preceding the date of the
                           subscription notice.

                           C = the Warrant Exercise Price then in effect for the
                           applicable Warrant Shares at the time of such
                           exercise.

         3.5 EXERCISE RESTRICTIONS.

                  3.5.1 BENEFICIAL OWNERSHIP LIMITATION. Notwithstanding
         anything herein to the contrary, the holder may not exercise, and the
         Company may not cause the holder to exercise, this Warrant to the
         extent such exercise would result in the holder, together with any
         affiliate thereof, beneficially owning (as determined in accordance
         with Section 13(d) of the Exchange Act and the rules promulgated
         thereunder) in excess of 4.99% of the then issued and outstanding
         shares of Common Stock. Since the holder will not be obligated to
         report to the Company the number of shares of Common Stock it may hold
         at the time of an exercise hereunder, unless the exercise at issue
         would result in the issuance of shares of Common Stock in excess of
         4.99% of the then outstanding shares of Common Stock without regard to
         any other shares which may be beneficially owned by the holder or an
         affiliate thereof, the holder shall have the authority and obligation
         to determine whether the restriction contained in this SECTION 3.5 will
         limit any particular exercise hereunder and to the extent that the
         holder determines that the limitation contained in this SECTION 3.5
         applies, the determination of the amount of this Warrant is exercisable
         shall be the responsibility and obligation of the holder. If the holder
         has delivered a Subscription Form that, without regard to any other
         shares that the holder or its affiliates may beneficially own, would
         result in the issuance in excess of the permitted amount hereunder, the
         Company shall notify the holder of this fact and shall honor the
         exercise for the maximum amount permitted to be exercised on the

                                      -4-

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         exercise date in accordance with this SECTION 3.5. If this Warrant was
         not surrendered on the exercise date, the Company shall provide the
         holder written notice of the amount actually exercised. If the holder
         surrendered this Warrant on the exercise date, the Company shall, at
         the option of the holder, either retain any portion of the Warrant
         Exercise Price tendered for exercise in excess of the permitted amount
         hereunder for future exercises or return such excess portion of the
         Warrant Exercise Price to the holder. The provisions of this SECTION
         3.5 may be waived by the holder (but only as to itself and not to any
         other holder of Preferred Shares or Warrants) in whole or in part upon
         not less than 61 days prior notice to the Company. Other holders of
         Preferred Shares and Warrants shall be unaffected by any such waiver.

                  3.5.2 LIMITATION ON NUMBER OF SHARES ISSUABLE. Notwithstanding
         anything herein to the contrary, the Company shall not be required to
         issue to the holder, upon conversion of the Preferred Shares and
         exercise of the Warrants, in excess of 19.9999% of the number of shares
         of Common Stock of the Company outstanding as of the Closing Date
         multiplied by a fraction, the numerator of which is the maximum number
         of shares of Common Stock issuable upon exercise of this Warrant and
         conversion of all Preferred Shares held by the holder and the
         denominator of which is the aggregate maximum number of shares of
         Common Stock issuable upon exercise of all Warrants and conversion of
         all Preferred Shares issued pursuant to the Agreement PLUS the
         aggregate number of shares of Common Stock otherwise issued or issuable
         to all holders of Warrants (the "MAXIMUM AGGREGATE SHARE AMOUNT"),
         unless the Company first obtains stockholder approval permitting such
         issuances in accordance with Nasdaq rules. If the number of shares of
         Common Stock which would, notwithstanding the limitation set forth
         herein, be issuable and sold to the holder equals or exceeds the
         Maximum Aggregate Share Amount, then, at any time thereafter, from time
         to time, at the sole election of the holder, in whole or in part, the
         Company shall honor the exercise of this Warrant by the holder at the
         lowest possible exercise price (but not below the Warrant Exercise
         Price) which would permit such exercise without violating Nasdaq Rule
         4350(i).

         3.6 INTENTIONALLY OMITTED.

4. COVENANTS AS TO COMMON STOCK.

         The Company hereby covenants and agrees as follows:

         (a) This Warrant is, and any Warrants issued in substitution for or
replacement of this Warrant will upon issuance be, duly authorized and validly
issued.

         (b) All Warrant Shares which may be issued upon the exercise of the
rights represented by this Warrant will, upon issuance, be validly issued, fully
paid and nonassessable and free from all taxes, liens and charges with respect
to the issue thereof.

         (c) During the period within which the rights represented by this
Warrant may be exercised, the Company will at all times have authorized and
reserved at least 100% of the number of shares of Common Stock needed to provide
for the exercise of the rights then represented by this Warrant and the par
value of said shares will at all times be less than or equal to the applicable
Warrant Exercise Price.

                                      -5-

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         (d) The Company shall promptly secure the listing of the shares of
Common Stock issuable upon exercise of this Warrant upon each national
securities exchange or automated quotation system, if any, upon which shares of
Common Stock are then listed (subject to official notice of issuance upon
exercise of this Warrant) and shall maintain, so long as any other shares of
Common Stock shall be so listed, such listing of all shares of Common Stock from
time to time issuable upon the exercise of this Warrant; and the Company shall
so list on each national securities exchange or automated quotation system, as
the case may be, and shall maintain such listing of, any other shares of capital
stock of the Company issuable upon the exercise of this Warrant if and so long
as any shares of the same class shall be listed on such national securities
exchange or automated quotation system.

         (e) The Company will not, by amendment of its Certificate of
Incorporation or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms to be
observed or performed by it hereunder, but will at all times in good faith
assist in the carrying out of all the provisions of this Warrant and in the
taking of all such action as may reasonably be requested by the holder of this
Warrant in order to protect the exercise privilege of the holder of this Warrant
against dilution or other impairment, consistent with the tenor and purpose of
this Warrant.

         (f) This Warrant will be binding upon any entity succeeding to the
Company by merger, consolidation or acquisition of all or substantially all of
the Company's assets.

5. TAXES.

         The Company shall pay any and all taxes which may be payable with
respect to the issuance and delivery of Warrant Shares upon exercise of this
Warrant.

6. WARRANT HOLDER NOT DEEMED A STOCKHOLDER.

         Except as otherwise specifically provided herein, no holder, as such,
of this Warrant shall be entitled to vote or receive dividends or be deemed the
holder of shares of the Company for any purpose, nor shall anything contained in
this Warrant be construed to confer upon the holder hereof, as such, any of the
rights of a stockholder of the Company or any right to vote, give or withhold
consent to any corporate action (whether any reorganization, issue of stock,
reclassification of stock, consolidation, merger, conveyance or otherwise),
receive notice of meetings, receive dividends or subscription rights, or
otherwise, prior to the issuance to the holder of this Warrant of the Warrant
Shares which it is then entitled to receive upon the due exercise of this
Warrant. In addition, nothing contained in this Warrant shall be construed as
imposing any liabilities on such holder to purchase any securities (upon
exercise of this Warrant or otherwise) or as a stockholder of the Company,
whether such liabilities are asserted by the Company or by creditors of the
Company. Notwithstanding this SECTION 6, the Company will provide the holder of
this Warrant with copies of the same notices and other information given to the
stockholders of the Company generally, contemporaneously with the giving thereof
to the stockholders.

                                      -6-

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7. REPRESENTATIONS OF HOLDER.

         The holder of this Warrant, by the acceptance hereof, represents that
it is acquiring this Warrant and the Warrant Shares for its own account and not
with a view towards, or for resale in connection with, the public sale or
distribution of this Warrant or the Warrant Shares, except pursuant to sales
registered or exempted under the Securities Act. The holder of this Warrant
further represents, by acceptance hereof, that, as of this date, the holder is
an "accredited investor" as that term is defined in Rule 501(a)(3) of Regulation
D promulgated by the Securities and Exchange Commission under the Securities
Act. Upon exercise of this Warrant, the holder shall, if requested by the
Company, confirm in writing, in a form satisfactory to the Company,
representations concerning the Warrant Shares in substantially the form of the
first sentence of this SECTION 7.

8. OWNERSHIP AND TRANSFER.

         (a) The Company shall maintain at its principal executive offices (or
such other office or agency of the Company as it may designate by notice to the
holder hereof), a register for this Warrant, in which the Company shall record
the name and address of the person in whose name this Warrant has been issued,
as well as the name and address of each transferee. The Company may treat the
person in whose name any Warrant is registered on the register as the owner and
holder thereof for all purposes, notwithstanding any notice to the contrary, but
in all events recognizing any transfers made in accordance with the terms of
this Warrant.

         (b) This Warrant and the rights granted hereunder shall be assignable
by the holder hereof without the consent of the Company.

         (c) The Company is obligated to register the Warrant Shares for resale
under the Securities Act pursuant to the Agreement and the initial holder of
this Warrant (and certain assignees thereof) is entitled to the registration
rights in respect of the Warrant Shares as set forth in the Agreement.

9. ADJUSTMENT OF WARRANT EXERCISE PRICE AND NUMBER OF SHARES.

         The Warrant Exercise Price and the number of shares of Common Stock
issuable upon exercise of this Warrant shall be adjusted from time to time as
follows:

         9.1 ADJUSTMENT OF WARRANT EXERCISE PRICE AND NUMBER OF SHARES UPON
ISSUANCE OF COMMON STOCK. If and whenever on or after the date of issuance of
this Warrant, the Company issues or sells, or is deemed to have issued or sold,
any shares of Common Stock (including the issuance or sale of shares of Common
Stock owned or held by or for the account of the Company, but excluding Excluded
Securities, as that term is defined in the Company's Certificate of Designation
creating its Series A Preferred Stock) for a consideration per share less than a
price equal to the Warrant Exercise Price in effect immediately prior to such
issuance or sale (a "DILUTIVE ISSUANCE"), then effective immediately upon the
Dilutive Issuance, the Warrant Exercise Price shall be adjusted so as to equal
an amount determined by multiplying such Warrant Exercise Price by the following
fraction:

                                      -7-

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                                     N0 + N1

                                   -----------

                                     N0 + N2

                  where:

                  N(0) = the number of shares of Common Stock outstanding
         immediately prior to the issuance, sale or deemed issuance or sale of
         such additional shares of Common Stock in such Dilutive Issuance
         (without taking into account any shares of Common Stock issuable upon
         conversion, exchange or exercise of any Convertible Securities or
         Purchase Rights, including the Preferred Shares and Warrants);

                  N(1) = the number of shares of Common Stock which the
         aggregate consideration, if any, received or receivable by the Company
         for the total number of such additional shares of Common Stock so
         issued, sold or deemed issued or sold in such Dilutive Issuance (which,
         in the case of a deemed issuance or sale, shall be calculated in
         accordance with SECTIONS 9.2 and 9.3) would purchase at the Conversion
         Price in effect immediately prior to such Dilutive Issuance; and

                  N(2) = the number of such additional shares of Common Stock so
         issued, sold or deemed issued or sold in such Dilutive Issuance.

         Upon each such adjustment of the Warrant Exercise Price pursuant to the
immediately preceding sentence, the number of shares of Common Stock acquirable
upon exercise of this Warrant shall be adjusted to the number of shares
determined by multiplying the Warrant Exercise Price in effect immediately prior
to such adjustment by the number of shares of Common Stock acquirable upon
exercise of this Warrant immediately prior to such adjustment and dividing the
product thereof by the Warrant Exercise Price resulting from such adjustment.

         9.2 DEEMED ISSUANCE IN CERTAIN EVENTS. For purposes of determining the
adjusted Warrant Exercise Price under SECTION 9.1, the following shall be
applicable:

                  9.2.1 ISSUANCE OF OPTIONS. If the Company in any manner grants
         any Options and the lowest price per share for which one share of
         Common Stock is issuable upon the exercise of any such Option or upon
         conversion, exchange or exercise of any Convertible Securities issuable
         upon exercise of any such Option is less than the Warrant Exercise
         Price, then such share of Common Stock shall be deemed to be
         outstanding and to have been issued and sold by the Company at the time
         of the granting or sale of such Option for such price per share. For
         purposes of this SECTION 9.2.1, the "lowest price per share for which
         one share of Common Stock is issuable upon exercise of such Options or
         upon conversion, exchange or exercise of such Convertible Securities"
         shall be equal to the sum of the lowest amounts of consideration (if
         any) received or receivable by the Company with respect to any one
         share of Common Stock upon the granting or sale of the Option, upon
         exercise of the Option and upon conversion, exchange or exercise of any
         Convertible Security issuable upon exercise of such Option. No further
         adjustment of the Warrant Exercise Price shall be made upon the actual
         issuance of such Common Stock or of such Convertible Securities upon
         the exercise of such Options or upon the actual issuance of such Common
         Stock upon conversion, exchange or exercise of such Convertible
         Securities.

                                      -8-

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                  9.2.2 ISSUANCE OF CONVERTIBLE SECURITIES. If the Company in
         any manner issues or sells any Convertible Securities and the lowest
         price per share for which one share of Common Stock is issuable upon
         such conversion, exchange or exercise thereof is less than the Warrant
         Exercise Price, then such share of Common Stock shall be deemed to be
         outstanding and to have been issued and sold by the Company at the time
         of the issuance or sale of such Convertible Securities for such price
         per share. For the purposes of this SECTION 9.2.2, the "lowest price
         per share for which one share of Common Stock is issuable upon such
         conversion, exchange or exercise" shall be equal to the sum of the
         lowest amounts of consideration (if any) received or receivable by the
         Company with respect to one share of Common Stock upon the issuance or
         sale of the Convertible Security and upon conversion, exchange or
         exercise of such Convertible Security. No further adjustment of the
         Warrant Exercise Price shall be made upon the actual issuance of such
         Common Stock upon conversion or exchange of such Convertible
         Securities, and if any such issue or sale of such Convertible
         Securities is made upon exercise of any Options for which adjustment of
         the Warrant Exercise Price had been or are to be made pursuant to other
         provisions of this SECTION 9.2, no further adjustment of the Warrant
         Exercise Price shall be made by reason of such issue or sale.

                  9.2.3 CHANGE IN OPTION PRICE OR RATE OF CONVERSION. If the
         purchase price provided for in any Options, the additional
         consideration, if any, payable upon the issue, conversion or exchange
         of any Convertible Securities, or the rate at which any Convertible
         Securities are convertible into or exchangeable for Common Stock
         changes at any time, the Warrant Exercise Price in effect at the time
         of such change shall be adjusted to the Warrant Exercise Price which
         would have been in effect at such time had such Options or Convertible
         Securities provided for such changed purchase price, additional
         consideration or changed conversion rate, as the case may be, at the
         time initially granted, issued or sold and the number of shares of
         Common Stock acquirable hereunder shall be correspondingly readjusted.
         For purposes of this SECTION 9.2.3, if the terms of any Option or
         Convertible Security that was outstanding as of the date of issuance of
         this Warrant are changed in the manner described in the immediately
         preceding sentence, then such Option or Convertible Security and the
         Common Stock deemed issuable upon exercise, conversion or exchange
         thereof shall be deemed to have been issued as of the date of such
         change. No adjustment shall be made if such adjustment would result in
         an increase of the Warrant Exercise Price then in effect.

         9.3 EFFECT ON WARRANT EXERCISE PRICE OF CERTAIN EVENTS. For purposes of
determining the adjusted Warrant Exercise Price under SECTIONS 9.2 AND 9.3, the
following shall be applicable:

                                      -9-

<PAGE>

                  9.3.1 CALCULATION OF CONSIDERATION RECEIVED. In case any
         Option is issued in connection with the issue or sale of other
         securities of the Company, together comprising one integrated
         transaction in which no specific consideration is allocated to such
         Options by the parties thereto, the Options will be deemed to have been
         issued for a consideration of $.01. If any Common Stock, Options or
         Convertible Securities are issued or sold or deemed to have been issued
         or sold for cash, the consideration received therefor will be deemed to
         be the net amount received by the Company therefor. If any Common
         Stock, Options or Convertible Securities are issued or sold for a
         consideration other than cash, the amount of such consideration
         received by the Company will be the fair value of such consideration,
         except where such consideration consists of marketable securities, in
         which case the amount of consideration received by the Company will be
         the Closing Sale Price of such securities on the date of receipt of
         such securities. If any Common Stock, Options or Convertible Securities
         are issued to the owners of the non-surviving entity in connection with
         any merger in which the Company is the surviving entity, the amount of
         consideration therefor will be deemed to be the fair value of such
         portion of the net assets and business of the non-surviving entity as
         is attributable to such Common Stock, Options or Convertible
         Securities, as the case may be. The fair value of any consideration
         other than cash or securities will be determined jointly by the Company
         and the holders of Warrants representing at least two-thirds of the
         shares of Common Stock obtainable upon exercise of the Warrants then
         outstanding. If such parties are unable to reach agreement within ten
         days after the occurrence of an event requiring valuation (the
         "VALUATION EVENT"), the fair value of such consideration will be
         determined within five Business Days after the tenth day following the
         Valuation Event by an independent, reputable appraiser jointly selected
         by the Company and the holders of Warrants representing at least
         two-thirds of the shares of Common Stock obtainable upon exercise of
         the Warrants then outstanding. The determination of such appraiser
         shall be final and binding upon all parties absent error and the fees
         and expenses of such appraiser shall be borne by the Company.

                  9.3.2 RECORD DATE. If the Company takes a record of the
         holders of Common Stock for the purpose of entitling them (a) to
         receive a dividend or other distribution payable in Common Stock,
         Options or in Convertible Securities or (b) to subscribe for or
         purchase Common Stock, Options or Convertible Securities, then such
         record date will be deemed to be the date of the issue or sale of the
         shares of Common Stock deemed to have been issued or sold upon the
         declaration of such dividend or the making of such other distribution
         or the date of the granting of such right of subscription or purchase,
         as the case may be.

         9.4 ADJUSTMENT OF WARRANT EXERCISE PRICE UPON SUBDIVISION OR
COMBINATION OF COMMON STOCK. If the Company at any time after the date of
issuance of this Warrant subdivides (by any stock split, stock dividend,
recapitalization or otherwise) one or more classes of its outstanding shares of
Common Stock into a greater number of shares, the Warrant Exercise Price in
effect immediately prior to such subdivision will be proportionately reduced and
the number of shares of Common Stock obtainable upon exercise of this Warrant
will be proportionately increased. If the Company at any time after the date of
issuance of this Warrant combines (by combination, reverse stock split or
otherwise) one or more classes of its outstanding shares of Common Stock into a
smaller number of shares, the Warrant Exercise Price in effect immediately prior
to such combination will be proportionately increased and the number of shares
of Common Stock obtainable upon exercise of this Warrant will be proportionately
decreased. Any adjustment under this SECTION 9.4 shall become effective at the
close of business on the date the subdivision or combination becomes effective

                                      -10-

<PAGE>

         9.5 DISTRIBUTION OF ASSETS. If the Company declares or makes any
dividend or other distribution of its assets (or rights to acquire its assets)
to holders of Common Stock, by way of return of capital or otherwise (including,
without limitation, any distribution of cash, stock or other securities,
property or options by way of a dividend, spin off, reclassification, corporate
rearrangement or other similar transaction) (a "Distribution"), at any time
after the issuance of this Warrant, then, in each such case:

         (a) the Warrant Exercise Price in effect immediately prior to the close
of business on the record date fixed for the determination of holders of Common
Stock entitled to receive the Distribution shall be reduced, effective as of the
close of business on such record date, to a price determined by multiplying such
Warrant Exercise Price by a fraction of which (A) the numerator shall be the
Closing Sale Price of the Common Stock on the trading day immediately preceding
such record date minus the value of the Distribution (as determined in good
faith by the Company's Board of Directors) applicable to one share of Common
Stock, and (B) the denominator shall be the Closing Sale Price of the Common
Stock on the trading day immediately preceding such record date; and

         (b) either (A) the number of Warrant Shares obtainable upon exercise of
this Warrant shall be increased to a number of shares equal to the number of
shares of Common Stock obtainable immediately prior to the close of business on
the record date fixed for the determination of holders of Common Stock entitled
to receive the Distribution multiplied by the reciprocal of the fraction set
forth in the immediately preceding clause (a), or (B) if the Distribution is of
common stock of a company whose common stock is traded on a national securities
exchange or a national automated quotation system, then the holder of this
Warrant shall receive an additional warrant to purchase Common Stock, the terms
of which shall be identical to those of this Warrant, except that such warrant
shall be exercisable into the amount of the assets that would have been payable
to the holder of this Warrant pursuant to the Distribution had the holder
exercised this Warrant immediately prior to such record date and with an
exercise price equal to the amount by which the exercise price of this Warrant
was decreased with respect to the Distribution pursuant to the terms of the
immediately preceding clause (a).

         9.6 CERTAIN EVENTS. If any event occurs of the type contemplated by the
provisions of this SECTION 9 but not expressly provided for by such provisions
(including, without limitation, the granting of stock appreciation rights,
phantom stock rights or other rights with equity features), then the Company's
Board of Directors will make an appropriate adjustment in the Warrant Exercise
Price and the number of shares of Common Stock obtainable upon exercise of this
Warrant so as to protect the rights of the holders of the Warrants; provided
that no such adjustment will increase the Warrant Exercise Price or decrease the
number of shares of Common Stock obtainable as otherwise determined pursuant to
this SECTION 9.

                                      -11-

<PAGE>

         9.7 NOTICES.

         (a) Immediately upon any adjustment of the Warrant Exercise Price, the
Company will give written notice thereof to the holder of this Warrant, setting
forth in reasonable detail, and certifying, the calculation of such adjustment.

         (b) The Company will give written notice to the holder of this Warrant
at least 20 days prior to the date on which the Company closes its books or
takes a record (A) with respect to any dividend or distribution upon the Common
Stock, (B) with respect to any pro rata subscription offer to holders of Common
Stock or (C) for determining rights to vote with respect to any Organic Change
(as defined below), dissolution or liquidation, provided that such information
shall be made known to the public prior to or in conjunction with such notice
being provided to such holder.

         (c) The Company will also give written notice to the holder of this
Warrant at least 20 days prior to the date on which any Organic Change,
dissolution or liquidation will take place, provided that such information shall
be made known to the public prior to or in conjunction with such notice being
provided to such holder.

10. PURCHASE RIGHTS; REORGANIZATION, RECLASSIFICATION, CONSOLIDATION, MERGER OR
SALE.

         (a) In addition to any adjustments pursuant to SECTION 9, if at any
time the Company grants, issues or sells any Options, Convertible Securities or
rights to purchase stock, warrants, securities or other property pro rata to the
record holders of any class of Common Stock (the "PURCHASE RIGHTS"), then the
holder of this Warrant will be entitled to acquire, upon the terms applicable to
the Purchase Rights, the aggregate Purchase Rights which the holder could have
acquired if the holder had held the number of shares of Common Stock acquirable
upon complete exercise of this Warrant immediately before the date on which a
record is taken for the grant, issuance or sale of such Purchase Rights, or, if
no record is taken, the date as of which the record holders of Common Stock are
to be determined for the grant, issue or sale of the Purchase Rights.

         (b) Any recapitalization, reorganization, reclassification,
consolidation, merger, sale of all or substantially all of the Company's assets
to another Person or other transaction which is effected in such a way that
holders of Common Stock are entitled to receive (either directly or upon
subsequent liquidation) stock, securities or assets with respect to or in
exchange for Common Stock is referred to herein as an "ORGANIC Change." Prior to
the consummation of any (i) sale of all or substantially all of the Company's
assets to an acquiring Person or (ii) other Organic Change following which the
Company is not a surviving entity, the Company will secure from the Person
purchasing the assets or the successor resulting from the Organic Change (in
each case, the "ACQUIRING ENTITY") written agreement (in form and substance
satisfactory to the holders of Warrants representing at least two-thirds of the
shares of Common Stock obtainable upon exercise of the Warrants then
outstanding, whose approval shall not unreasonably be withheld) to deliver to
each holder of Warrants in exchange for the Warrants, a security of the
Acquiring Entity evidenced by a written instrument substantially similar in form
and substance to this Warrant and satisfactory to the holders of the Warrants
(including, an adjusted warrant exercise price equal to the value for the Common
Stock reflected by the terms of such consolidation, merger or sale, and

                                      -12-

<PAGE>

exercisable for a corresponding number of shares of Common Stock acquirable and
receivable upon exercise of the Warrants (without regard to any limitations on
exercises), if the value so reflected is less than the Warrant Exercise Price in
effect immediately prior to such consolidation, merger or sale). Prior to the
consummation of any other Organic Change, the Company shall make appropriate
provision (in form and substance satisfactory to the holders of Warrants
representing at least two-thirds of the shares of Common Stock obtainable upon
exercise of the Warrants then outstanding) to ensure that each of the holders of
the Warrants will thereafter have the right to acquire and receive in lieu of or
in addition to (as the case may be) the shares of Common Stock immediately
theretofore acquirable and receivable upon the exercise of the holder's Warrants
(without regard to any limitations on exercises), such shares of stock,
securities or assets that would have been issued or payable in such Organic
Change with respect to or in exchange for the number of shares of Common Stock
which would have been acquirable and receivable upon the exercise of the
holder's Warrant as of the date of the Organic Change (without taking into
account any limitations or restrictions on the exercisability of this Warrant).

11. LOST, STOLEN, MUTILATED OR DESTROYED WARRANT.

         If this Warrant is lost, stolen, mutilated or destroyed, the Company
shall promptly, on receipt of an indemnification undertaking (or in the case of
a mutilated Warrant, the Warrant), issue a new warrant of like denomination and
tenor as the Warrant so lost, stolen, mutilated or destroyed.

12. NOTICE.

         Any notices, consents, waivers or other communications required or
permitted to be given under the terms of this Warrant must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered
personally; (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii) one Business Day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses and facsimile numbers for such
communications shall be:

                  If to the Company:

                           SSP Solutions, Inc.
                           17861 Cartwright Road
                           Irvine, California 92614
                           Telephone:       949-851-1085
                           Facsimile:       949-851-8679
                           Attention:       President

                                      -13-

<PAGE>

                  With copy to:

                           Rutan & Tucker, LLP
                           611 Anton Boulevard, Fourteenth Floor
                           Costa Mesa, California 92626-1998
                           Telephone:       714-641-5100
                           Facsimile:       714-546-9035
                           Attention:       Gregg Amber, Esq.

         If to a holder of this Warrant, to it at the address and facsimile
number set forth on EXHIBIT A to the Agreement, with copies to the holder's
representatives as set forth on EXHIBIT A to the Agreement, or at such other
address and facsimile as is delivered to the Company upon the issuance or
transfer of this Warrant. Each party shall provide five days' prior written
notice to the other party of any change in address or facsimile number. Written
confirmation of receipt (A) given by the recipient of the notice, consent,
waiver or other communication, (B) mechanically or electronically generated by
the sender's facsimile machine containing the time, date, recipient facsimile
number and an image of the first page of the transmission or (C) provided by a
nationally recognized overnight delivery service shall be rebuttable evidence of
personal service, receipt by facsimile or receipt from a nationally recognized
overnight delivery service in accordance with clause (i), (ii) or (iii) above,
respectively.

13. DATE.

         The date of this Warrant is November 19, 2003 (the "WARRANT DATE").
This Warrant, in all events, shall be wholly void and of no effect after the
close of business on the Expiration Date, except that notwithstanding any other
provisions hereof, the provisions of SECTION 7 shall continue in full force and
effect after such date as to any Warrant Shares or other securities issued upon
the exercise of this Warrant.

14. AMENDMENT AND WAIVER.

         Except as otherwise provided herein, the provisions of the Warrants may
be amended and the Company may take any action herein prohibited, or omit to
perform any act herein required to be performed by it, only if the Company has
obtained the written consent of the holders of Warrants representing at least
two-thirds of the shares of Common Stock issuable upon exercise of the Warrants
then outstanding; provided that no such action may increase the Warrant Exercise
Price of the Warrants or decrease the number of shares or class of stock
issuable upon exercise of any Warrant without the written consent of the holder
of that Warrant.

15. SECTION DESCRIPTIVE HEADINGS; GOVERNING LAW.

         The descriptive headings of the several sections and paragraphs of this
Warrant are inserted for convenience only and do not constitute a part of this
Warrant. The corporate laws of the State of Delaware shall govern all issues
concerning the relative rights of the Company and its stockholders. All other
questions concerning the construction, validity, enforcement and interpretation
of this Warrant shall be governed by the internal laws of the State of
California, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of California or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the
State of California. In any action, dispute, litigation or other proceeding
concerning this Warrant (including arbitration), exclusive jurisdiction shall be
with the courts of California, with the County of Orange being the sole venue
for the bringing of the action or proceeding.

                                      -14-

<PAGE>

16. COSTS.

         The Company agrees to pay to the holder of this Warrant upon demand all
reasonable costs and expenses incurred (including, without limitation reasonable
fees and expenses of counsel) in connection with (i) the enforcement of the
terms of or protection of the holder's rights under this Warrant, (ii) any
waiver requested by the Company of any of the holder's rights under this Warrant
and (iii) any proposed amendment, modification or restructuring of this Warrant.

17. WAIVER OF JURY TRIAL.

         BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL
TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND
EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY
(RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE
RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE
BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, AND
UNDERSTANDING THEY ARE WAIVING A CONSTITUTIONAL RIGHT, THE PARTIES HERETO WAIVE
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE
ANY DISPUTE, WHETHER IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED
WITH, RELATED TO, OR INCIDENTAL TO, THIS WARRANT, THE AGREEMENT AND/OR ANY
RELATED AGREEMENT OR THE TRANSACTIONS COMPLETED HEREBY OR THEREBY.

                            [SIGNATURE PAGE FOLLOWS]

                                      -15-

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed as
of the 19th day of November, 2003.

                                  SSP SOLUTIONS, INC.

                                  By:
                                      ------------------------------------------
                                      Marvin J. Winkler, Chief Executive Officer

                                  By:
                                      ------------------------------------------
                                      Thomas E. Schiff, Chief Financial Officer

                                      -16-

<PAGE>

                              EXHIBIT A TO WARRANT
                              --------------------

                                SUBSCRIPTION FORM

        TO BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

                               SSP SOLUTIONS, INC.

         The undersigned holder hereby exercises the right to purchase
_________________ of the shares of Common Stock ("WARRANT SHARES") of SSP
Solutions, Inc., a Delaware corporation (the "COMPANY"), evidenced by the
attached Warrant (the "WARRANT"). Capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in the Warrant.

         1. FORM OF WARRANT EXERCISE PRICE. The holder intends that payment of
the Warrant Exercise Price shall be made as:

      ____________         "CASH EXERCISE" with respect to _________________
                           Warrant Shares; and/or

      ____________         "CASHLESS EXERCISE" with respect to _________________
                           Warrant Shares (to the extent permitted by the terms
                           of the Warrant).

         2. PAYMENT OF WARRANT EXERCISE PRICE. If the holder has elected a Cash
Exercise with respect to some or all of the Warrant Shares to be issued pursuant
hereto, the holder shall pay the sum of $___________________ to the Company in
accordance with the terms of the Warrant.

         3. DELIVERY OF WARRANT SHARES. The Company shall deliver to the holder
__________ Warrant Shares in accordance with the terms of the Warrant.

         Date: _______________ __, ______

                                        ________________________________________
                                        Name of Registered Holder

                                        By: ____________________________________

                                        Name: __________________________________

                                        Title: _________________________________

                                      -17-

<PAGE>

                                 ACKNOWLEDGMENT

         The Company hereby acknowledges this Subscription Form and hereby
directs [TRANSFER AGENT] to issue the above indicated number of shares of Common
Stock in accordance with the Transfer Agent Instructions dated __________, 200__
from the Company and acknowledged and agreed to by [TRANSFER AGENT].

                                         SSP SOLUTIONS, INC.

                                         By: ___________________________________

                                         Name: _________________________________

                                         Title: ________________________________

                                      -18-

<PAGE>

                              EXHIBIT B TO WARRANT
                              --------------------

                              FORM OF WARRANT POWER

         FOR VALUE RECEIVED, the undersigned does hereby assign and transfer to
________________, Federal Identification No. __________, a warrant to purchase
____________ shares of the capital stock of SSP Solutions, Inc., a Delaware
corporation, represented by warrant certificate no. _____, standing in the name
of the undersigned on the books of said corporation. The undersigned does hereby
irrevocably constitute and appoint ______________, attorney to transfer the
warrants of said corporation, with full power of substitution in the premises.

Dated:  _________, 200_                 ________________________________________

                                        By: ____________________________________

                                            Its: _______________________________

                                      -19-