Document:

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                                  EXHIBIT 10.24

                             SUBSCRIPTION AGREEMENT

     THIS  COMMON  STOCK SUBSCRIPTION AGREEMENT (the "Agreement") is made by and
between  HIENERGY  TECHNOLOGIES,  INC.  (formerly  SLW  Enterprises  Inc.)  (the
"Issuer"), a Washington corporation, and the subscriber executing this agreement
(the  "Subscriber").

1.   SUBSCRIPTION  OF  COMMON  STOCK.

     1.1     Purchase  and  Sale  of  Securities.  Subject  to  the  terms  and
conditions of this Agreement, the Subscriber agrees to subscribe, and the Issuer
agrees  to  issue to the Subscriber, the number of shares of common stock of the
Issuer  (the  "Common Stock") referred to in Section 11.4 of this Agreement.  No
less  than  25,000  shares  of  Common Stock may be purchased by the Subscriber,
unless  the  Issuer  decides  in  its sole discretion to accept less than 25,000
shares.  The  shares  of  Common  Stock  subscribed  to  hereby  are referred to
collectively herein as the "Shares."  All references to "Dollars" or "$" in this
Agreement  refer  to  U.S.  Dollars.

The purchase price of the Common Stock is $1.00 per share and
     the total amount due to the Issuer hereunder is the amount referred to in
     Section 11.4 of this Agreement (the "Purchase Price").

The  maximum number of shares that may be sold to all
     Subscribers  is  2,000,000  shares  (the  "Maximum Shares") and there is no
     minimum  number  of  shares  that  must  be sold. The Maximum Shares may be
     amended  by  the  Issuer  at  any  time,  in  its  sole  discretion without
     limitation. The Subscriber acknowledges that the Issuer has entered into or
     may  enter  into agreements similar to this Agreement with other persons in
     respect  of the sale of Common Stock in addition to the sale of the Maximum
     Shares  described  in  this  Agreement. The Subscriber agrees to pay to the
     Issuer the Purchase Price pursuant to the instructions set forth in Section
     6  hereto.  The  Issuer  may choose to issue the Common Stock subscribed to
     hereunder at any time after the Common Stock has been subscribed, until the
     Issuer closes the offering. The Issuer may accept any subscription in whole
     or  in  part.  To  the  extent that any subscription is not accepted by the
     Issuer, the Issuer shall cause any related funds to be promptly returned to
     the Subscriber, without interest. The obligations assumed by the Subscriber
     by  virtue  of  this  Agreement  shall remain in force until the earlier to
     occur  of  (i)  the  issuance  of  the  Common  Stock  or (ii) the Closing.
     Notwithstanding  the  foregoing,  all  representations,  warranties  and
     covenants of the Subscriber herein shall survive the Issuance of the Common
     Stock  and  the  Final  Closing  Date.

     1.2     Closing.   The  closing  of  the sale of the Common Stock hereunder
will  occur upon satisfaction of all conditions described in this Agreement (the
"Closing").  The  Issuer  may  conduct  one  or  more additional financings with
different  Closings  until the Maximum Shares have been sold.  The final closing
of  the offering is expected to occur on or before 30 days after April 25, 2002,
the  closing  date  of the voluntary share exchange transaction between HiEnergy
Microdevices,  Inc.  and  the  Issuer  (the "Closing Date"). The Closing Date is
subject  to  extension  by  the  Issuer in its sole discretion for up to 60 days
after  April  25,  2002  (the  "Final  Closing  Date").

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 1

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2.   USE  OF  PROCEEDS.

     The  proposed  use  of  proceeds  of  the  Offering  will  be for sales and
marketing,  working  capital,  general  corporate  purposes  and  to  facilitate
acquisitions.  The  Issuer  may re-allocate the proceeds in its sole discretion.

3.     REPRESENTATIONS  AND  WARRANTIES  OF  ISSUER.

     3.1     The  Issuer  hereby  represents  and  warrants to the Subscriber as
follows:

          3.1.1     Organization,  Good  Standing and Qualification.  The Issuer
is a corporation duly organized, validly existing and in good standing under the
laws  of  the  State  of  Washington.

          3.1.2     Valid  Issuance  of  Common  Stock.   The Common Stock, when
issued  and  delivered in accordance with the terms hereof for the consideration
expressed  herein,  will  be  validly  issued  and  outstanding,  fully paid and
nonassessable.

          3.1.3     Reporting  Issuer.  The  Issuer  is subject to the reporting
requirements  of the Securities Exchange Act of 1934, as amended (the "34 Act").

          3.1.4     No  Market  Conditioning.  The  Issuer undertook no activity
for  the purpose of, or that could reasonably be expected to have the effect of,
conditioning  the  market in the United States for the Common Stock.  The Issuer
did not place any advertisements in any publication referring to the offering of
the  Common  Stock  for  sale.

4.   REPRESENTATIONS  AND  WARRANTIES  OF  SUBSCRIBER.

     4.1     The  Subscriber  hereby  represents  and  warrants to the Issuer as
follows:

          4.1.1     Authority  of Subscriber.  The Subscriber, if a corporation,
partnership,  trust,  or any other entity than a natural person, represents that
the  subscription  of  the  Common  Stock referred to in this Agreement does not
contravene  its  charter  or  other  organizational documents or the laws of the
country, state or province of its incorporation, formation or organization or of
any other relevant jurisdiction.  The Subscriber also represents that it has the
necessary  authorizations  to  that  effect.

          4.1.2     Investment  Experience.  The  Subscriber  has such knowledge
and  experience  in  financial  and  business  matters  that  it  is  capable of
evaluating  the  merits  and  risks  of the prospective investment in the Common
Stock,  which are substantial and has in fact evaluated such merits and risks in
making its investment decision to purchase the Common Stock.  The Subscriber, by
virtue  of its business and financial expertise, has the capacity to protect its
own  interest  in  connection  with this transaction, or has consulted with tax,
financial, legal or business advisors as to the appropriateness of an investment
in  the  Common Stock.  The Subscriber has not been organized for the purpose of
investing  in  the Common Stock, although such investment is consistent with its
purposes.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 2

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          4.1.3     Access  to  Information.  The Subscriber or its professional
advisor  has been granted the opportunity to conduct a full and fair examination
of  the  records,  documents  and  files  of the Issuer, to ask questions of and
receive  answers  from  representatives  of the Issuer, its officers, directors,
employees  and  agents concerning the terms and conditions of this offering, the
Issuer  and its business and prospects, and to obtain any additional information
which  the  Subscriber or its professional advisor deems necessary to verify the
accuracy of the information received.  The Subscriber further represents that it
has  had  an  opportunity  to  ask questions and receive answers from the Issuer
regarding  the  terms  and  conditions  of  the offering, and any information so
requested  has  been made available to the full and complete satisfaction of the
Subscriber.  The  Subscriber  hereby  confirms that it has received and examined
all  material information it considers necessary to make an informed decision to
invest in the Common Stock.  The Subscriber hereby confirms that, in addition to
examining other information it requested during the course of its due diligence,
it  has  examined  all  of the Issuer's filings under the '34 Act, including its
financial  statements,  and  the  Company's  Confidential  Private  Placement
Memorandum.

          4.1.4     Accredited  Investor.

          (1)  Entity Accredited Investor.  If the Subscriber is an entity, then
the  Subscriber  is  (check  applicable  box):

          (a)  [ ] a  bank  as defined in Section 3(a)(2) of the Securities Act
                   of  1933,  as  amended  (the  "Act"),  or a savings and loan
                   association  or  other  institution  as  defined  in Section
                   3(a)(5)(A)  of  the  Act  acting  in either an individual or
                   fiduciary  capacity.
          (b)  [ ] an insurance company as defined in Section 2(13) of the Act.

          (c)  [ ] an investment company registered under the Investment Company
                   Act  of 1940 or a business development company as defined in
                   Section  2(a)(48)  of  that  Act.

          (d)  [ ] a Small Business Investment Issuer licensed by the U.S. Small
                   Business  Administration  under Section 301(c) or (d) of the
                   Small  Business  Investment  Act  of  1958.

[ ] a plan established and maintained by a state, its political
                   subdivisions  or any agency or instrumentality of a state or
                   its political subdivisions for the benefit of its employees,
                   if  such  plan  has  total  assets  in excess of $5,000,000.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 3

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<TABLE>
<CAPTION>
<S>       <C>

          (f)  [ ]  an employee benefit plan within the meaning of Title 1 of the
                    Employee  Retirement  Income  Security  Act of 1974, and the
                    investment  decision is made by a plan fiduciary, as defined
                    in  Section  3(21)  of  such  Act,  which  is either a bank,
                    savings  and  loan  association,  insurance  company  or
                    registered  investment  advisor, or an employee benefit plan
                    having  total  assets  in  excess  of  $5,000,000  or,  if a
                    self-directed plan, with investment decisions made solely by
                    persons  who  are  Accredited  Investors.

          (g)  [  ] a private business development company as defined in Section
                    202(a)(22)  of  the  investment  Advisors  Act  of  1940.

          (h)  [  ] a corporation, an organization described in Section 501(c)(3)
                    of  the  Internal  Revenue  Code of 1986, a Massachusetts or
                    similar  business trust, or a partnership not formed for the
                    specific  purpose  of acquiring the Common Stock, with total
                    assets  in  excess  of  $5,000,000.

          (i)  [  ] any  trust  with  total  assets in excess of $5,000,000 not
                    formed  for  the  specific  purpose  of acquiring the Common
                    Stock, whose purchase is directed by a sophisticated person,
                    who  has  such  knowledge  and  experience  in financial and
                    business matters that he is capable of evaluating the merits
                    and  risks  of  the  prospective  investment.

          (j)  [  ] a broker or dealer registered pursuant to Section 15 of the
                    Securities  Exchange Act of 1934, as amended (the "34 Act").

 [  ] none  of  the  above  see  section  (l)  below.

          (l)  [  ] If the Subscriber checked the box for "none of the above" in
                    this Section 4.1.4(1), then the Subscriber is an entity each
                    equity  owner  of which is an individual who could check one
                    of  the  first  three  boxes  in  Section  4.1.4(2)  below.

                                   ______
                                 (Initial)

</TABLE>
          (2)  Individual  Subscriber.  If the Subscriber is an individual, then
the  Subscriber  (check  an  applicable  box):

          (a)  [  ] is  a  director  or  executive  officer  of  the  Issuer.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
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<TABLE>
<CAPTION>
<S>       <C>

          (b)  [  ] has  an  individual net worth, or joint net worth with that
                    person's  spouse,  at  the  time  of  his purchase exceeding
                    $1,000,000.

          (c)  [  ] had an individual income in excess of $200,000 in each of the
                    two  most  recent  years  or joint income with that person's
                    spouse  in excess of $300,000 in each of those years and has
                    a  reasonable  expectation of reaching the same income level
                    in  the  current  year.

          (d)  [  ] none of the above.

                                   ______
                                  (Initial)

          4.1.5     Citizenship  of  Subsriber.

                    [  ] The Subscriber resides in the United States.

                    [  ] The Subscriber resides outside the United States and
                         all  of  the  following  applies:

                         neither  the Subscriber nor its beneficial owner[s], as
                         determined  pursuant  to  Rule 13d-3 under the '34 Act,
                         was  a  citizen  of  the  United  States at the time it
                         received  the offer to purchase the Common Stock, or at
                         the  Closing  of  the  purchase  of  the  Common Stock;

                         the Subscriber was not in the United States at the time
                         its  buy  order  was  originated;  and

                         the Subscriber did not acquire the Common Stock for the
                         account  or  benefit  of  any  U.S.  person.

                                   ______
                                  (Initial)

          4.1.6     No  Distributor,  Dealer  or Underwriter.  The Subscriber is
not  a  distributor or dealer of the Common Stock.  The Subscriber is not taking
the  Common  Stock with the intent of making a distribution of the Common Stock,
as  such  terms  are  defined  in the Act and the '34 Act.  In any event, if the
Subscriber  is  deemed to be the distributor of the Common Stock offered hereby,
the  Subscriber  will  act  in  accordance  with  applicable  law.

          4.1.7     Investment  Intent.  The  Subscriber is acquiring the Common
Stock for its own account and for investment purposes and not for sale or with a
view  to distribution of all or any part of such Common Stock and has no present
plans to enter into any contract, undertaking, agreement or arrangement for such
resale  or  distribution.
</TABLE>
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 5

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          4.1.8     No Immediate Need for Liquidity.  The Subscriber understands
that  the Common Stock is a "restricted security" within the meaning of the Act,
and  certificates  representing  the  Common  Stock  are  legended  with certain
restrictions  on  the resale of the Common Stock and the Common Stock may not be
resold  without  a  valid  exemption from registration under the Act, or until a
registration  statement  is filed with respect thereto under the Act.  There can
be  no assurance that upon registration of the Common Stock pursuant to the Act,
that  a  market  for  the  Common  Stock  will exist on an exchange or market or
quotation  system. Accordingly, the Subscriber is aware that there are legal and
practical  limits  on  the Subscriber's ability to sell or dispose of the Common
Stock,  and,  therefore  that  the Subscriber must bear the economic risk of the
investment  for an indefinite period of time.  The Subscriber has adequate means
of  providing  for  the  Subscriber's  current  needs  and  possible  personal
contingencies  and  has need for only limited liquidity of this investment.  The
Subscriber's commitment to illiquid investments is reasonable in relation to the
Subscriber's  net worth. The Subscriber is capable of bearing the high degree of
economic  risks and burdens of this investment, including but not limited to the
possibility  of  complete  loss  of all its investment capital and the lack of a
liquid  market, such that it may not be able to liquidate readily the investment
whenever  desired  or  at  the  then  current  asking  price.

          4.1.9     Exempt  Subscription.  The  Subscriber  understands that the
Common  Stock  is being offered and sold in reliance on specific exemptions from
the  registration  requirements  of  U.S.  federal  and  state  law and that the
representations,  warranties, agreements, acknowledgments and understandings set
forth  herein  are  being  relied  upon  by  the  Issuer  in  determining  the
applicability  of  such  exemptions  and  the  suitability  of the Subscriber to
acquire  such  Common  Stock.

          4.1.10     Authority  of Signatory.  The Subscriber has full power and
authority to execute and deliver this Agreement and each other document included
herein  as an exhibit to this Agreement for which signature is required, and the
person  executing  this  Agreement  on  behalf  of  the  subscribing individual,
partnership, trust, estate, corporation or other entity executing this Agreement
is a duly authorized signatory.  If the signatory of this Agreement on behalf of
the  Subscriber is not the Subscriber or an authorized officer or partner of the
Subscriber,  the  signatory  represents  and  warrants  to  the  Issuer that the
signatory  is  a  professional fiduciary of the Subscriber, acting solely in its
capacity  as  holder  of  such  account,  as  a  fiduciary, executor or trustee.

          4.1.11.     Private  Transaction.  At  no  time  was  the  Subscriber
presented  with  or  solicited  by  any  leaflet,  public  promotional  meeting,
circular,  newspaper  or  magazine article, radio or television advertisement or
any  other  form  of  general  advertising.

          4.1.12     Reliance  on  Own  Advisors.  The  Subscriber  has  relied
completely  on  the  advice  of,  or  has  consulted with, its own personal tax,
investment,  legal  or other advisors and has not relied on the Issuer or any of
its affiliates, officers, directors, attorneys, accountants or any affiliates of
any  thereof and each other person, if any, who controls any thereof, within the
meaning  of  Section  15 of the Act, except to the extent such advisors shall be
deemed  to  be  as  such.
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 6

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5.   COVENANTS  AND  ACKNOWLEDGMENTS  OF  SUBSCRIBER.

     5.1  Covenants  of  Subscriber.  The Subscriber shall not make any sale,
transfer or other disposition of the Common Stock in violation of the Act or the
'34  Act,  or any other applicable securities laws, or the rules and regulations
of  the U.S. Securities and Exchange Commission (the "SEC") or of any securities
authority  of any jurisdiction in which the sale, transfer or disposition of all
or  any portion of the Common Stock unless and until (i) there is then in effect
a  Registration Statement under the Act covering such proposed sale, transfer or
disposition  and  such  disposition is made in accordance with such Registration
Statement; or (ii) the sale, transfer or disposition is made pursuant to a valid
exemption  from  the  registration  and  prospectus  delivery  requirements  of
applicable  securities  laws.

     5.2  Acknowledgments  of  Subscriber.  The  Subscriber  acknowledges and
understands  as  follows:

          5.2.1 Sole Basis of Decision to Invest. The Subscriber acknowledges
that  its decision to invest in the Issuer is solely based upon the Confidential
Private  Placement  Memorandum,  the  exhibits  attached  thereto, and any other
materials  that  the  Issuer  provides  to  the  Subscriber  in  writing.

          5.2.2 Risks of Investment. The Subscriber recognizes that investment
in  the  Issuer  involves  certain  risks,  including  the potential loss of the
Subscriber's  investment herein, and the Subscriber has taken full cognizance of
and  understands  all  of the risk factors related to the purchase of the Common
Stock.  The Subscriber or its representative has received and carefully examined
and  has  understood  the  risk  factors  described  herein and set forth in the
Business  Plan. The Subscriber recognizes that any documentation on the business
of  the  Issuer  provided  to  the  Subscriber do not purport to contain all the
information  which would be contained in a registration statement under the Act.

          5.2.3     No  Government Approval.   No federal or state agency or any
other  government authority has passed upon the Common Stock or made any finding
or  determination  as  to  the  fairness  of  this  transaction.

          5.2.4     Price.  The  Price of the Common Stock was determined by the
Issuer  and  bears no relationship to the Issuer's assets, book value or results
of  operation.

          5.2.5     No Registration.  The Common Stock and any component thereof
has  not  been  registered  under  the  Act  or any securities laws of any other
jurisdiction  by  reason of exemptions from the registration requirements of the
Act  and such laws, and may not be sold, pledged, assigned or otherwise disposed
of  in  the  absence of an effective registration statement for the Common Stock
and  any  component  thereof  under  the  Act  or  unless an exemption from such
registration  is  available.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 7

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          5.2.6     No  Assurances  of  Registration.  There  can be no absolute
assurance  that  any  registration  statement  will be filed with respect to the
Common  Stock or the Common Stock underlying the Common Stock, or if filed, that
such  registration  statement  will  become  effective.  Therefore,  unless  an
exemption  from the registration requirements under applicable law is available,
the  Subscriber  may  be  required to bear the economic risk of the Subscriber's
investment  for  an  indefinite  period  of  time.

          5.2.7     Legends.  The  certificates  representing  the  Common Stock
shall  bear  the  following  legend:

                    THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                    REGISTERED  WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION
                    UNDER  THE  U.S.  SECURITIES  ACT  OF  1933, AS AMENDED (THE
                    "ACT") OR ANY OTHER SECURITIES AUTHORITIES. THEY WERE ISSUED
                    PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER REGULATIONS
                    PROMULGATED  UNDER  THE  ACT.  THEY  MAY  NOT  BE  SOLD  OR
                    TRANSFERRED  EXCEPT  PURSUANT  TO  AN EFFECTIVE REGISTRATION
                    STATEMENT  OR  AN EXEMPTION TO THE REGISTRATION REQUIREMENTS
                    OF  THOSE  SECURITIES  LAWS.

The  Issuer  may  in  its  sole  discretion  place  a  "Blue  Sky" legend on the
certificates  in  accordance  with  U.S. State securities laws or as required by
applicable  securities  laws.

6.   RESALES  OF  THE  COMMON  STOCK

     Issuer  and  the  Subscriber agree that Issuer, through its transfer agent,
shall  refuse to register any transfer or attempted transfer of the Common Stock
not  made  in  accordance  with  the  provisions  of Regulation S under the Act,
pursuant  to  registration  under the Act, or pursuant to an available exemption
from  registration.  The  Subscriber  agrees  to resell the Common Stock only in
accordance  with  the  provisions  of  Regulation  S  under the Act, pursuant to
registration  under  the  Act,  or  pursuant  to  an  available  exemption  from
registration;  and  agrees  not to engage in hedging transactions with regard to
the  Common  Stock  unless  in  compliance  with  the  Act.

7.   REGISTRATION  RIGHTS

     The  Subscriber  shall have such registration rights as are provided in the
Registration  Rights  Agreement, the form of which is attached hereto as Exhibit
A-1,  subject to the execution and Closing of this Agreement and the issuance of
the  Common  Stock  to  the  Subscriber.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 8

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8.   GENERAL  RELEASE

     8.1  Except for a claim for a breach of this Subscription Agreement and the
Registration  Rights Agreement, the Subscriber hereby fully and forever releases
the Issuer (including its agents, employees, successors and assigns), waives and
acknowledges  settlement,  satisfaction  and  receipt in full of (i) any and all
sums  that  may be payable to the Subscriber by the Issuer; and (ii) any and all
past,  present  and  future  claims,  demands,  rights,  causes  of  action, and
compensation  of  every  kind  and  nature arising from, but not limited to, any
contracts,  agreements,  or  instruments,  claims  for  violation  or  breach of
contract;  promissory  estoppel;  breach  of  fiduciary duty; fraud; negligence;
defamation;  violation  of  any  public  policy;  claims  for personal injuries;
emotional  or  mental  distress  of  any  kind or nature whatsoever; harassment;
violation of any federal or state law or regulation; or otherwise; whether known
or  unknown,  anticipated  or  unanticipated,  direct  or  indirect,  fixed  or
contingent,  including  without  limitation,  any  and  all  claims  and damages
relating to or arising out of any aspect of the litigation (including attorneys'
fees  and  litigation  costs),  whether  asserted  or  unasserted.

     8.2  The  Subscriber  hereby  agrees to be responsible for all of its taxes
arising  out  of  this transaction, including any taxes from the issuance of the
Common  Stock  of the Issuer. If the Issuer has any obligation to withhold taxes
on behalf of the Subscriber, the Subscriber agrees to pay the taxes or indemnify
and  reimburse  the Issuer for any moneys paid on the Subscriber's behalf by the
Issuer. If the Subscriber fails to pay the taxes owed, or indemnify or reimburse
the  Issuer  for  any  liability resulting from such failure, the Issuer has the
power  to  stop the transfer of its Common Stock to the Subscriber or to reclaim
the  Common  Stock  from  the  Subscriber  to  satisfy  the  tax  liability. The
Subscriber  hereby  expressly  appoints  the  President  of  the  Issuer  or its
successor  as  its  attorney for purposes of enforcing this provision, with full
power  of  substitution  in  the  premises.

9.   APPLICABLE  LAW  AND  JURISDICTION

     9.1  This  Agreement  shall be governed by and construed in accordance with
the  laws  of  the  State  of  Washington,  without  regard  to conflicts of law
principles.

     9.2  In  the  event  of  any dispute, controversy, claim or difference that
should  arise  between  the  parties out of or relating to or in connection with
this  Agreement or the breach thereof, the parties shall endeavor to settle such
conflicts  amicably  among  themselves. Should they fail to do so, the matter in
dispute  shall  be  settled by arbitration in Seattle, Washington, in accordance
with the rules of the American Arbitration Association. Any award or judgment of
the  arbitrators  shall  be  final  and  binding  on  the  parties  and shall be
enforceable  in  any  court of competent jurisdiction. All reasonable attorneys'
fees  incurred  by  the  prevailing  party  in  the  resolution  of any dispute,
controversy,  claim  or difference hereunder shall be borne by the losing party.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 9

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10.  NOTICES.

All  communications between the parties under the Agreement shall be sent, if to
the  Issuer,  to:

                          HiEnergy Technologies, Inc.
                          10 Mauchly Drive
                          Irvine, California 92618
                          Attn: Barry Alter
                          Phone: 949.727.3389
                          Fax: 949.727.3288

and to the address indicated on the signature page hereto, if to the Subscriber.
No  change of address shall be valid unless it is communicated in writing to the
other  party  with  at  least  five  business  days  notice.

11.  SUBSCRIPTION  INFORMATION.

     11.1     Irrevocable  Subscription.  The Subscriber hereby acknowledges and
agrees  that  this Agreement is irrevocable and that, except as provided herein,
the  Subscriber  is  not entitled to cancel, terminate or revoke this Agreement,
and  this  Agreement shall survive the death or disability of the Subscriber and
shall  be  binding  upon  and  inure  to  the  benefit of the Subscriber and the
Subscriber's  respective  heirs,  executors,  administrators,  successors, legal
representatives  and  assigns.

     11.2     Issuer's  Right  to Accept in Part or to Reject Subscription.  The
Subscriber hereby confirms that the Issuer has full right in its sole discretion
to  accept  or  reject  the subscription of the Subscriber, in whole or in part,
provided  that,  if  the  Issuer decides to reject such subscription, the Issuer
must do so promptly and in writing.  In the case of a rejection or an acceptance
in  part,  any  payments  will  be  promptly  returned (without interest) to the
Subscriber.

     11.3     Acceptance  of  Subscription.  In  the  case  of acceptance of the
Subscriber's  subscription  by  the Issuer, but not before the Closing and in no
event  later  than 10 days following the relevant Closing, unless such period is
extended  with the consent of the Subscriber, the Common Stock subscribed for in
accordance  with  this  Agreement  will  be  issued  to  the  Subscriber.

     11.4     Number  of  Shares  Subscribed  for  and  Purchase  Price.  The
Subscriber  hereby  subscribes  for _______shares of Common Stock for an
aggregate  total  amount  of  US$ ______.

     11.5     Subscription.  The  Subscriber  must  do the following in order to
subscribe:

              (a)  complete  and  execute  this  Agreement  and  deliver  it to
HiEnergy  Technologies,  Inc.,  Attn:  Barry  Alter, 10 Mauchly Drive,
Irvine,  California;

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 10

<PAGE>
execute  the  Registration  Rights  Agreement,  attached  to
the Offering Memornadum as Exhibit A-1, and deliver it to HiEnergy Technologies,
Inc.,  Attn:  Barry  Alter,  10  Mauchly  Drive,  Irvine,  California;  and

deliver the Purchase Price, as designated in Section 11.4
herein,  to  HiEnergy Technologies, Inc. pursuant to Section 11.6 hereof and the
Wire  Transfer  Instructions  for HiEnergy Technologies, Inc., which accompanies
this  Agreement.

     11.6  Method of Payment. Payment of the Purchase Price may be made in cash,
by  wire  transfer  or by check (subject to collection), bank draft or postal or
express  money  order payable in United States dollars to HiEnergy Technologies,
Inc.  Wire Transfer Instructions for wiring funds to HiEnergy Technologies, Inc.
accompanies  this  Agreement.

12.     MISCELLANEOUS.

     12.1  Counterparts and Facsimile Signature. This Agreement may be signed in
counterparts,  all  of  which  when  taken  together  shall  constitute a single
executed  document.  Signatures  transmitted  by facsimile shall be deemed valid
execution  of  this  Agreement  binding  on  the  parties.

     12.2  Entire  Agreement;  Amendment.  This Agreement constitutes the entire
agreement among the parties concerning the subject matter of this Agreement, and
it  supersedes  any  prior  oral  or  written  agreements between the parties. A
separate writing may inform the construction of the provisions of this Agreement
if  expressly  called for by the terms of this Agreement. This Agreement may not
be  amended  except  by  a  written  agreement signed by the party against which
enforcement  is  sought.

     12.3  Waiver. The failure of a party to insist upon strict adherence to any
term  of this Agreement on any occasion shall not be considered a waiver thereof
or deprive that party of the right thereafter to insist upon strict adherence to
that  term  or  any  other  term  of  this  Agreement.

     12.4  Assignment.  This  Agreement  shall  inure  to  the benefit of and be
binding  upon  the  parties  hereto and their respective successors and assigns.

     12.5  Headings.  The  section  headings contained in this Agreement are for
reference  purposes  only  and  shall  not  affect  in  any  way  the meaning or
interpretation  of  this  Agreement.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 11

<PAGE>
                       INDIVIDUAL INVESTOR SIGNATURE PAGE

     IN  WITNESS  WHEREOF, the undersigned Subscriber does represent and certify
under  penalty of perjury that the foregoing statements are true and correct and
that  by  the  following signature(s) executed this Agreement on the date marked
below.

______________________________    ____________________________________
Signature                         Signature  (if  purchasing  jointly)

______________________________    ____________________________________
Name  Typed  or  Printed          Name  Typed  or  Printed

______________________________    ____________________________________
Address                           Address

______________________________    ____________________________________
Address                           Address

______________________________    ____________________________________
Telephone                         Telephone

______________________________    ____________________________________
Facsimile                         Facsimile

______________________________    ____________________________________
Tax  ID#  or  Social  Security  # Tax  ID#  or  Social  Security #

Name  in  which  securities  should  be  issued:________________________________
(Note:   Securities  will  not  be  issued  in a name other than the name of the
Subscriber  unless  the  Issuer  receives  satisfactory evidence that beneficial
ownership  would  not  change.)

Dated:  ________________,  2002

ISSUER  USE  ONLY:

     This  Subscription Agreement is agreed to and accepted [  ] IN FULL or [  ]
to  the  extent  of  _____________  shares  of  Common  Stock  as  of
________________________,  2002.

                            HIENERGY  TECHNOLOGIES,  INC.

                            By: ______________________

                            Name: ____________________

                            Title: ___________________

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 12

<PAGE>
                         ENTITY INVESTOR SIGNATURE PAGE

          IN  WITNESS  WHEREOF,  the  parties  have  executed  this Subscription
Agreement  as  of  the  day  and  year  marked  below.

______________________________    ______________________________
Name  of  Subscriber              Number  of  Owners

______________________________    ______________________________
Jurisdiction  of  Formation       Date  of  Formation

______________________________    ______________________________
Address                           Tax  ID#  of  Subscriber

______________________________    ______________________________
Telephone                         Facsimile

______________________________
Signature

______________________________
Name  (Typed  or  Printed)  of  Individual
   Signing  on  Behalf  of  Institution

______________________________
Position  or  Title

Name  in  which securities should be issued: ___________________________________
(Note:   Securities  will  not  be  issued  in a name other than the name of the
Subscriber  unless  the  Issuer  receives  satisfactory evidence that beneficial
ownership  would  not  change.)

Dated:  ______________,  2002

ISSUER  USE  ONLY:

     This  Subscription Agreement is agreed to and accepted [  ] IN FULL or [  ]
to  the  extent  of  _____________  shares  of  Common  Stock  as  of
________________________,  2002.

                            HIENERGY  TECHNOLOGIES,  INC.

                            By: _________________________

                            Name: _______________________

                            Title: ______________________

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 13

<PAGE>
                            CERTIFICATE OF SIGNATORY
   (To be completed if the Common Stock is being subscribed for by an entity)

I,  _______________________________,  am  the_________________________(position)

of  _____________________________________________________________ (the"Entity").

     I  certify that I am empowered and duly authorized by the Entity to execute
and  carry  out the terms of the Subscription Agreement and to purchase and hold
the  Common  Stock  and certify further that the Subscription Agreement has been
duly  and  validly  executed on behalf of the Entity and constitutes a legal and
binding  obligation  of  the  Entity.

     IN  WITNESS  WHEREOF,  I  have set my hand this _____ day of _____________,
2002.

                           __________________________
                           (Signature)

                           Name  (Printed): _________

                           Title: ___________________

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     Page 14

<PAGE><PAGE>
                                  EXHIBIT 10.25

                             SUBSCRIPTION AGREEMENT

     THIS  COMMON  STOCK SUBSCRIPTION AGREEMENT (the "Agreement") is made by and
between  HIENERGY  TECHNOLOGIES,  INC. (the "Issuer"), a Washington corporation,
and  the  subscriber  executing  this  agreement  (the  "Subscriber").

1.   SUBSCRIPTION  OF  COMMON  STOCK.

     1.1 Purchase and Sale of Securities. Subject to the terms and conditions of
this  Agreement,  the  Subscriber  agrees to subscribe, and the Issuer agrees to
issue to the Subscriber, the number of shares of common stock of the Issuer (the
"Common  Stock")  referred  to  in  Section 11.4 of this Agreement. No less than
18,519 shares of Common Stock, a minimum investment of $25,000, may be purchased
by  the  Subscriber,  unless the Issuer decides in its sole discretion to accept
less  than  18,519  shares.  The shares of Common Stock subscribed to hereby are
referred  to collectively herein as the "Shares." All references to "Dollars" or
"$"  in  this  Agreement  refer  to  U.S.  Dollars.

          1.1.1  The  purchase  price of the Common Stock is $1.35 per share and
the  total  amount  due  to  the  Issuer  hereunder is the amount referred to
in Section  11.4  of  this  Agreement  (the  "Purchase  Price").

          1.1.2 The maximum number of shares that may be sold to all Subscribers
is  1,500,000  shares  (the  "Maximum Shares") and there is no minimum number of
shares that must be sold. The Maximum Shares may be amended by the Issuer at any
time,  in  its  sole  discretion without limitation. The Subscriber acknowledges
that  the  Issuer  has entered into or may enter into agreements similar to this
Agreement  with other persons in respect of the sale of Common Stock in addition
to  the  sale  of the Maximum Shares described in this Agreement. The Subscriber
agrees  to  pay to the Issuer the Purchase Price. The Issuer may choose to issue
the  Common Stock subscribed to hereunder at any time after the Common Stock has
been subscribed, until the Issuer closes the offering. The Issuer may accept any
subscription  in  whole  or  in part. To the extent that any subscription is not
accepted  by the Issuer, the Issuer shall cause any related funds to be promptly
returned  to  the  Subscriber,  without interest. The obligations assumed by the
Subscriber  by  virtue  of  this Agreement, except as otherwise provided herein,
shall  remain  in  force  until  the earlier to occur of (i) the issuance of the
Common  Stock  or  (ii)  the  Closing.  Notwithstanding  the  foregoing,  all
representations, warranties and covenants of the Subscriber herein shall survive
the  Issuance  of  the  Common  Stock  and  the  Final  Closing  Date.

     1.2  Closing.  The  closing  of the sale of the Common Stock hereunder will
occur  upon  satisfaction  of  all  conditions  described in this Agreement (the
"Closing").  The  Issuer  may  conduct one or more additional closings until the
Maximum  Shares have been sold. The final closing of the offering shall occur no
later  than  October  31,  2002  (the  "Closing  Date").

     1.3  Warrants.  The  Company agrees to issue to the Subscriber a Warrant to
purchase  twenty  percent (20%) of the number of shares of Common Stock that the
Subscriber  is  purchasing as set forth in Section 11.4 (proportionately reduced
if  the  Company  accepts  the  Subscriber's subscription in part). The Warrants
shall  have  an  exercise  price  equal  to the Warrant Price (as defined in the

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 1

<PAGE>

Warrants)  and  shall  expire  on  the  third  (3rd)  anniversary of the date of
issuance,  and  be  substantially  in the form attached to the First Amended and
Restated  Confidential  Private  Placement  Memorandum  as  Exhibit  H.

2.   USE  OF  PROCEEDS.

     The  proposed  use  of  proceeds  of  this  offering  will be for sales and
marketing,  working  capital,  general  corporate  purposes  and  to  facilitate
acquisitions.  The  Issuer  may re-allocate the proceeds in its sole discretion.

3.   REPRESENTATIONS  AND  WARRANTIES  OF  ISSUER.

     3.1 The Issuer hereby represents and warrants to the Subscriber as follows:

     3.1.1  Organization,  Good  Standing  and  Qualification.  The  Issuer is a
corporation duly organized, validly existing and in good standing under the laws
of  the  State  of  Delaware.

     3.1.2  Valid  Issuance  of  Common Stock. The Common Stock, when issued and
delivered  in  accordance  with the terms hereof for the consideration expressed
herein,  will  be  validly issued and outstanding, fully paid and nonassessable.

     3.1.3 Reporting Issuer. The Issuer is subject to the reporting requirements
of  the  Securities  Exchange  Act  of  1934,  as  amended  (the  "'34  Act").

     3.1.4  No  Market  Conditioning.  The  Issuer undertook no activity for the
purpose  of,  or  that  could  reasonably  be  expected  to  have the effect of,
conditioning  the  market  in the United States for the Common Stock. The Issuer
did not place any advertisements in any publication referring to the offering of
the  Common  Stock  for  sale.

4.   REPRESENTATIONS  AND  WARRANTIES  OF  SUBSCRIBER.

     4.1 The Subscriber hereby represents and warrants to the Issuer as follows:

          4.1.1  Authority  of  Subscriber.  The  Subscriber, if a corporation,
partnership,  trust,  or any other entity than a natural person, represents that
the  subscription  of  the  Common  Stock referred to in this Agreement does not
contravene  its  charter  or  other  organizational documents or the laws of the
country, state or province of its incorporation, formation or organization or of
any  other relevant jurisdiction. The Subscriber also represents that it has the
necessary  authorizations  to  that  effect.

Investment  Experience. The Subscriber has such knowledge
and  experience  in  financial  and  business  matters  that  it  is  capable of
evaluating  the  merits  and  risks  of the prospective investment in the Common
Stock,  which are substantial and has in fact evaluated such merits and risks in
making  its investment decision to purchase the Common Stock. The Subscriber, by
virtue  of its business and financial expertise, has the capacity to protect its
own  interest  in  connection  with this transaction, or has consulted with tax,
financial, legal or business advisors as to the appropriateness of an investment
in  the  Common  Stock. The Subscriber has not been organized for the purpose of
investing  in  the Common Stock, although such investment is consistent with its
purposes.
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 2

<PAGE>
Access to Information. The Subscriber or its professional
advisor  has been granted the opportunity to conduct a full and fair examination
of  the  records,  documents  and  files  of the Issuer, to ask questions of and
receive  answers  from  representatives  of the Issuer, its officers, directors,
employees  and  agents concerning the terms and conditions of this offering, the
Issuer  and its business and prospects, and to obtain any additional information
which  the  Subscriber or its professional advisor deems necessary to verify the
accuracy  of the information received. The Subscriber further represents that it
has  had  an  opportunity  to  ask questions and receive answers from the Issuer
regarding  the  terms  and  conditions  of  the offering, and any information so
requested  has  been made available to the full and complete satisfaction of the
Subscriber. The Subscriber hereby confirms that it has received and examined all
material  information  it  considers  necessary  to make an informed decision to
invest  in the Common Stock. The Subscriber hereby confirms that, in addition to
examining other information it requested during the course of its due diligence,
it  has  examined  all  of the Issuer's filings under the '34 Act, including its
financial  statements, and the Company's First Amended and Restated Confidential
Private  Placement  Memorandum.

          4.1.4  Accredited  Investor.

          (1)  Entity Accredited Investor.  If the Subscriber is an entity, then
the  Subscriber  is  (check  applicable  box):

          (a)  [ ] a bank as defined in Section 3(a)(2) of the Securities Act of
                   1933,  as  amended  (the  "Act"),  or  a  savings  and  loan
                   association  or  other  institution  as  defined  in Section
                   3(a)(5)(A)  of  the  Act  acting  in either an individual or
                   fiduciary  capacity.

          (b)  [ ] an insurance company as defined in Section 2(13) of the Act.

          (c)  [ ] an investment company registered under the Investment Company
                   Act  of 1940 or a business development company as defined in
                   Section  2(a)(48)  of  that  Act.

          (d)  [ ] a Small Business Investment Issuer licensed by the U.S. Small
                   Business  Administration  under Section 301(c) or (d) of the
                   Small  Business  Investment  Act  of  1958.

          (e)  [ ] a plan established and maintained by a state, its political
                   subdivisions  or any agency or instrumentality of a state or
                   its political subdivisions for the benefit of its employees,
                   if  such  plan  has  total  assets  in excess of $5,000,000.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 3

<PAGE>
          (f)  [ ] an employee benefit plan within the meaning of Title 1 of the
                   Employee  Retirement  Income  Security  Act of 1974, and the
                   investment  decision is made by a plan fiduciary, as defined
                   in  Section  3(21)  of  such  Act,  which  is either a bank,
                   savings  and  loan  association,  insurance  company  or
                   registered  investment  advisor, or an employee benefit plan
                   having  total  assets  in  excess  of  $5,000,000  or,  if a
                   self-directed plan, with investment decisions made solely by
                   persons  who  are  Accredited  Investors.

          (g)  [ ] a private business development company as defined in Section
                   202(a)(22)  of  the  investment  Advisors  Act  of  1940.

          (h)  [ ] a corporation, an organization described in Section 501(c)(3)
                   of  the  Internal  Revenue  Code of 1986, a Massachusetts or
                   similar  business trust, or a partnership not formed for the
                   specific  purpose  of acquiring the Common Stock, with total
                   assets  in  excess  of  $5,000,000.

          (J)  [ ] any trust with total assets in excess of $5,000,000 not
                   formed  for  the  specific  purpose  of acquiring the Common
                   Stock, whose purchase is directed by a sophisticated person,
                   who  has  such  knowledge  and  experience  in financial and
                   business matters that he is capable of evaluating the merits
                   and  risks  of  the  prospective  investment.

          (j)  [ ] a broker or dealer registered pursuant to Section 15 of the
                   Securities  Exchange  Act  of  1934,  as  amended  (the
                   "34  Act").

          (k)  [ ] none  of  the  above  see  below.

          (l)  [ ] If the Subscriber is an entity and checked the box for "none
                   of the above" in Section 4.1.4(1)(k), then the Subscriber is
                   an  entity  each  equity owner of which is an individual who
                   could check one of the first three boxes in Section 4.1.4(2)
                   below.

                                   ______
                                  (Initial)

          (2)  Individual  Subscriber.  If the Subscriber is an individual, then
the  Subscriber  (check  an  applicable  box):

          (a)  [ ] is  a  director  or  executive  officer  of  the  Issuer.

          (b)  [ ] has  an  individual net worth, or joint net worth with that
                   person's  spouse,  at  the  time  of  his  purchase exceeding
                   $1,000,000.
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 4

<PAGE>
          (c)  [ ] had an individual income in excess of $200,000 in each of the
                   two  most  recent  years  or joint income with that person's
                   spouse  in excess of $300,000 in each of those years and has
                   a  reasonable  expectation of reaching the same income level
                   in  the  current  year.

          (d)  [ ] none  of  the  above.

                                   ______
                                  (Initial)

          4.1.5  Citizenship  of  Subsriber.

               [ ] The  Subscriber  resides  in  the  United  States.

               [ ] The Subscriber resides outside the United States and all of
                   the  following  applies:

                   neither  the  Subscriber  nor  its  beneficial  owner[s], as
                   determined  pursuant  to Rule 13d-3 under the '34 Act, was a
                   citizen  of  the  United  States at the time it received the
                   offer to purchase the Common Stock, or at the Closing of the
                   purchase  of  the  Common  Stock;

                   the  Subscriber was not in the United States at the time its
                   buy  order  was  originated;  and

                   the  Subscriber  did  not  acquire  the Common Stock for the
                   account  or  benefit  of  any  U.S.  person.

                                    ______
                                   (Initial)

          4.1.6  No  Distributor, Dealer or Underwriter. The Subscriber is not a
distributor  or  dealer  of  the  Common Stock. The Subscriber is not taking the
Common  Stock  with  the intent of making a distribution of the Common Stock, as
such  terms  are  defined  in  the  Act  and  the  '34 Act. In any event, if the
Subscriber  is  deemed to be the distributor of the Common Stock offered hereby,
the  Subscriber  will  act  in  accordance  with  applicable  law.

          4.1.7  Investment Intent. The Subscriber is acquiring the Common Stock
for  its own account and for investment purposes and not for sale or with a view
to distribution of all or any part of such Common Stock and has no present plans
to  enter  into  any  contract,  undertaking,  agreement or arrangement for such
resale  or  distribution.

          4.1.8 No Immediate Need for Liquidity. The Subscriber understands that
the  Common  Stock is a "restricted security" within the meaning of the Act, and
certificates  representing  the  Common  Stock  are  legended  with  certain
restrictions  on  the resale of the Common Stock and the Common Stock may not be
resold  without  a  valid  exemption from registration under the Act, or until a
registration statement is filed with respect thereto under the Act. There can be
no  assurance  that  upon  registration of the Common Stock pursuant to the Act,
that  a  market  for  the  Common  Stock  will exist on an exchange or market or
quotation  system. Accordingly, the Subscriber is aware that there are legal and
practical  limits  on  the Subscriber's ability to sell or dispose of the Common
Stock,  and,  therefore  that  the Subscriber must bear the economic risk of the
investment  for  an indefinite period of time. The Subscriber has adequate means
of  providing  for  the  Subscriber's  current  needs  and  possible  personal
contingencies  and  has  need for only limited liquidity of this investment. The
Subscriber's commitment to illiquid investments is reasonable in relation to the
Subscriber's  net worth. The Subscriber is capable of bearing the high degree of
economic  risks and burdens of this investment, including but not limited to the
possibility  of  complete  loss  of all its investment capital and the lack of a
liquid  market, such that it may not be able to liquidate readily the investment
whenever  desired  or  at  the  then  current  asking  price.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 5

<PAGE>
          4.1.9  Exempt Subscription. The Subscriber understands that the Common
Stock  is  being  offered  and  sold in reliance on specific exemptions from the
registration  requirements  of  U.S.  federal  and  state  law  and  that  the
representations,  warranties, agreements, acknowledgments and understandings set
forth  herein  are  being  relied  upon  by  the  Issuer  in  determining  the
applicability  of  such  exemptions  and  the  suitability  of the Subscriber to
acquire  such  Common  Stock.

          4.1.10  Authority  of  Signatory.  The  Subscriber  has full power and
authority to execute and deliver this Agreement and each other document included
herein  as an exhibit to this Agreement for which signature is required, and the
person  executing  this  Agreement  on  behalf  of  the  subscribing individual,
partnership, trust, estate, corporation or other entity executing this Agreement
is  a duly authorized signatory. If the signatory of this Agreement on behalf of
the  Subscriber is not the Subscriber or an authorized officer or partner of the
Subscriber,  the  signatory  represents  and  warrants  to  the  Issuer that the
signatory  is  a  professional fiduciary of the Subscriber, acting solely in its
capacity  as  holder  of  such  account,  as  a  fiduciary, executor or trustee.

          4.1.11  Private  Transaction.  At no time was the Subscriber presented
with  or  solicited  by  any  leaflet,  public  promotional  meeting,  circular,
newspaper  or  magazine  article, radio or television advertisement or any other
form  of  general  advertising.

          4.1.12  Reliance on Own Advisors. The Subscriber has relied completely
on the advice of, or has consulted with, its own personal tax, investment, legal
or  other  advisors  and  has not relied on the Issuer or any of its affiliates,
officers, directors, attorneys, accountants or any affiliates of any thereof and
each  other  person,  if  any,  who  controls any thereof, within the meaning of
Section  15 of the Act, except to the extent such advisors shall be deemed to be
as  such.
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 6

<PAGE>

5.       COVENANTS  AND  ACKNOWLEDGMENTS  OF  SUBSCRIBER.

          5.1  Covenants  of Subscriber. The Subscriber shall not make any sale,
transfer or other disposition of the Common Stock in violation of the Act or the
'34  Act,  or any other applicable securities laws, or the rules and regulations
of  the U.S. Securities and Exchange Commission (the "SEC") or of any securities
authority  of any jurisdiction in which the sale, transfer or disposition of all
or  any portion of the Common Stock unless and until (i) there is then in effect
a  registration statement under the Act covering such proposed sale, transfer or
disposition  and  such  disposition is made in accordance with such registration
statement; or (ii) the sale, transfer or disposition is made pursuant to a valid
exemption  from  the  registration  and  prospectus  delivery  requirements  of
applicable  securities  laws.

          5.2  Acknowledgments  of  Subscriber.  The Subscriber acknowledges and
understands  as  follows:

          5.2.1  Sole  Basis  of Decision to Invest. The Subscriber acknowledges
that  its decision to invest in the Issuer is solely based upon the confidential
private  placement  memorandum,  the  exhibits  attached  thereto, and any other
materials  that  the  Issuer  provides  to  the  Subscriber  in  writing.

          5.2.2  Risks  of Investment. The Subscriber recognizes that investment
in  the  Issuer  involves  certain  risks,  including  the potential loss of the
Subscriber's  investment,  and  the  Subscriber has taken full cognizance of and
understands all of the risk factors related to the purchase of the Common Stock.
The Subscriber or its representative has received and carefully examined and has
understood  the  risk  factors  described  herein  and set forth in the Issuer's
filings  with  the Securities and Exchange Commission. The Subscriber recognizes
that  any documentation on the business of the Issuer provided to the Subscriber
does  not  purport  to  contain all the information that would be contained in a
registration  statement  under  the  Act.

          5.2.3  No Government Approval. No federal or state agency or any other
government  authority  has  passed  upon the Common Stock or made any finding or
determination  as  to  the  fairness  of  this  transaction.

          5.2.4  Price.  The  price  of  the  Common Stock was determined by the
Issuer  and  bears no relationship to the Issuer's assets, book value or results
of  operation.

          5.2.5  No Registration. The Common Stock and any component thereof has
not  been  registered  under  the  Act  or  any  securities  laws  of  any other
jurisdiction  by  reason of exemptions from the registration requirements of the
Act  and such laws, and may not be sold, pledged, assigned or otherwise disposed
of  in  the  absence of an effective registration statement for the Common Stock
and  any  component  thereof  under  the  Act  or  unless an exemption from such
registration  is  available.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 7

<PAGE>
          5.2.6  No  Assurances  of  Registration.  There  can  be  no  absolute
assurance  that  any  registration  statement  will be filed with respect to the
Common  Stock,  or  if  filed,  that  such  registration  statement  will become
effective.  Therefore,  unless  an  exemption from the registration requirements
under  applicable  law  is available, the Subscriber may be required to bear the
economic  risk  of the Subscriber's investment for an indefinite period of time.

          5.2.7  Legends.  The  certificates representing the Common Stock shall
bear  the  following  legend:

          THE  SECURITIES  REPRESENTED  BY  THIS  CERTIFICATE  HAVE  NOT  BEEN
          REGISTERED  WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION UNDER THE
          U.S.  SECURITIES  ACT  OF  1933,  AS AMENDED (THE "ACT"), OR ANY OTHER
          SECURITIES AUTHORITIES. THEY WERE ISSUED PURSUANT TO AN EXEMPTION FROM
          REGISTRATION UNDER REGULATIONS PROMULGATED UNDER THE ACT. THEY MAY NOT
          BE  SOLD  OR  TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
          STATEMENT  OR  AN  EXEMPTION TO THE REGISTRATION REQUIREMENTS OF THOSE
          SECURITIES  LAWS.

The  Issuer  may  in  its  sole  discretion  place  a  "Blue  Sky" legend on the
certificates  in  accordance  with  U.S. State securities laws or as required by
applicable  securities  laws.

6.   RESALES  OF  THE  COMMON  STOCK

     If the Subscriber is not a U.S. person, the Issuer and the Subscriber agree
that  the  Issuer,  through  its  transfer  agent,  shall refuse to register any
transfer  or  attempted transfer of the Common Stock not made in accordance with
the provisions of Regulation S under the Act, pursuant to registration under the
Act,  or pursuant to an available exemption from registration. If the Subscriber
is  not  a U.S. person, the Subscriber agrees to resell the Common Stock only in
accordance  with  the  provisions  of  Regulation  S  under the Act, pursuant to
registration  under  the  Act,  or  pursuant  to  an  available  exemption  from
registration and agrees not to engage in hedging transactions with regard to the
Common  Stock  unless  in  compliance  with  the  Act.

7.   REGISTRATION  RIGHTS

     The  Subscriber  shall have such registration rights as are provided in the
Registration  Rights  Agreement,  the  form  of  which  is attached to the First
Amended  and  Restated  Confidential  Private Placement Memorandum as Exhibit G,
subject  to  the execution and Closing of this Agreement and the issuance of the
Common  Stock  and  Warrant  to  the  Subscriber.

8.   TAXES

     The Subscriber hereby agrees to be responsible for all of its taxes arising
out  of  this  transaction,  including any taxes from the issuance of the Common
Stock  of  the  Issuer.  If  the  Issuer has any obligation to withhold taxes on
behalf  of  the  Subscriber, the Subscriber agrees to pay the taxes or indemnify
and  reimburse  the Issuer for any moneys paid on the Subscriber's behalf by the
Issuer. If the Subscriber fails to pay the taxes owed, or indemnify or reimburse
the  Issuer  for  any  liability resulting from such failure, the Issuer has the
power  to  stop the transfer of its Common Stock to the Subscriber or to reclaim
the  Common  Stock  from  the  Subscriber  to  satisfy  the  tax liability.  The
Subscriber  hereby  expressly  appoints  the  President  of  the  Issuer  or its
successor  as  its  attorney for purposes of enforcing this provision, with full
power  of  substitution  in  the  premises.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 8

<PAGE>

9.   APPLICABLE  LAW  AND  JURISDICTION

     9.1  This  Agreement  shall be governed by and construed in accordance with
the  laws  of  the  State  of  California,  without  regard  to conflicts of law
principles.  This  Agreement  shall  not  interpreted  or  construed  with  any
presumption  against  the  party  causing  this  Agreement  to  be  drafted.

     9.2 Each of the Issuer and the Subscriber (i) hereby irrevocably submits to
the  jurisdiction  of  the  United States District Court sitting in the Southern
District  of  Los  Angeles  and the courts of the State of California located in
Orange  County for the purposes of any suit, action or proceeding arising out of
or  relating to this Agreement or any other transactions contemplated hereby and
(ii)  hereby  waives,  and  agrees  not  to  assert  in any such suit, action or
proceeding,  any  claim that it is not personally subject to the jurisdiction of
such  court,  that  the suit, action or proceeding is brought in an inconvenient
forum  or  that the venue of the suit, action or proceeding is improper. Each of
the Issuer and the Subscriber consents to process being served in any such suit,
action  or  proceeding by mailing a copy thereof to such party at the address in
effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing in
this  Section  9.2 shall affect or limit any right to serve process in any other
manner  permitted  by  law.

     9.3  In  the  event  of  any dispute, controversy, claim or difference that
should  arise  between  the  parties out of or relating to or in connection with
this  Agreement or the breach thereof, the parties shall endeavor to settle such
conflicts  amicably  among  themselves. Should they fail to do so, the matter in
dispute  shall  be  settled  by  arbitration  in  Orange  County, California, in
accordance  with the rules of the American Arbitration Association. Any award or
judgment  of the arbitrators shall be final and binding on the parties and shall
be enforceable in any court of competent jurisdiction. All reasonable attorneys'
fees  incurred  by  the  prevailing  party  in  the  resolution  of any dispute,
controversy,  claim  or difference hereunder shall be borne by the losing party.

10.  NOTICES

Any notice, demand, request, waiver or other communication required or permitted
to  be  given hereunder shall be in writing and shall be effective (a) upon hand
delivery,  (b)  by  telex  (with  correct  answer  back  received),  telecopy or
facsimile  at the address or number designated below (if delivered on a business
day  during  normal  business hours where such notice is to be received), or the
first  business  day  following  such  delivery  (if  delivered  other than on a
business  day during normal business hours where such notice is to be received),
or  (c)  on  the  second  business  day following the date of mailing by express
courier  service,  fully  prepaid,  addressed  to  such  address, or upon actual
receipt  of  such  mailing,  whichever  shall first occur. The addresses for all
communications  between the parties under the Agreement shall be sent, if to the
Issuer,  to:

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 9

<PAGE>

                          HiEnergy Technologies, Inc.
                          1601 Alton Parkway, Unit B
                          Irvine, California 92606
                          Attn: President
                          Phone: 949.757.0855
                          Fax: 949.757.1477

and to the address indicated on the signature page hereto, if to the Subscriber.
No  change of address shall be valid unless it is communicated in writing to the
other  party  with  at  least  five  business  days  notice.

11.     SUBSCRIPTION  INFORMATION.

     11.1  Irrevocable  Subscription.  The  Subscriber  hereby  acknowledges and
agrees  that  this Agreement is irrevocable and that, except as provided herein,
the  Subscriber  is  not entitled to cancel, terminate or revoke this Agreement,
and  this  Agreement shall survive the death or disability of the Subscriber and
shall  be  binding  upon  and  inure  to  the  benefit of the Subscriber and the
Subscriber's  respective  heirs,  executors,  administrators,  successors, legal
representatives  and  assigns.

     11.2  Issuer's  Right  to  Accept  in  Part  or to Reject Subscription. The
Subscriber hereby confirms that the Issuer has full right in its sole discretion
to  accept  or  reject  the subscription of the Subscriber, in whole or in part,
provided  that,  if  the  Issuer decides to reject such subscription, the Issuer
must  do so promptly and in writing. In the case of a rejection or an acceptance
in  part,  any  payments  will  be  promptly  returned (without interest) to the
Subscriber.

     11.3  Acceptance  of  Subscription.  In  the  case  of  acceptance  of  the
Subscriber's  subscription  by  the Issuer, but not before the Closing and in no
event  later  than 15 days following the relevant Closing, unless such period is
extended  with the consent of the Subscriber, the Common Stock subscribed for in
accordance with this Agreement and the Warrant will be issued to the Subscriber.

     11.4  Number  of  Shares  Subscribed for and Purchase Price. The Subscriber
hereby  subscribes  for  ______  shares  of  Common Stock for an aggregate total
amount  of  US$  ______  (the  "Purchase  Price"). The Subscriber authorizes the
Issuer to correct any errors in determining the number of shares or the Purchase
Price  in  this  Section  11.4.

     11.5  Subscription.  The  Subscriber  must  do  the  following  in order to
subscribe:

          (a)  complete  and  execute  this Agreement and deliver it to HiEnergy
Technologies,  Inc.,  Attn:  President,  1601  Alton  Parkway,  Unit  B, Irvine,
California  92606;  and

          (b)  deliver the Purchase Price, as designated in Section 11.4 herein,
to  HiEnergy  Technologies,  Inc. pursuant to the wiring instructions, a copy of
which  accompanies  the  Confidential Private Placement Memorandum as Exhibit B.

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 10
<PAGE>

12.  MISCELLANEOUS.

     12.1  Severability.  The provisions of this Agreement are severable and, in
the  event that any court of competent jurisdiction shall determine that any one
or  more of the provisions or part of the provisions contained in this Agreement
shall,  for  any  reason, be held to be invalid, illegal or unenforceable in any
respect,  such  invalidity,  illegality or unenforceability shall not affect any
other  provision  or part of a provision of this Agreement and shall be reformed
and  construed as if such invalid or illegal or unenforceable provision, or part
of  such  provision,  had  never  been contained herein, so that such provisions
would  be  valid,  legal  and  enforceable  to  the  maximum  extent  possible.

     12.2  Counterparts and Facsimile Signature. This Agreement may be signed in
counterparts,  all  of  which  when  taken  together  shall  constitute a single
executed  document.  Signatures  transmitted  by facsimile shall be deemed valid
execution  of  this  Agreement  binding  on  the  parties.

     12.3  Entire  Agreement;  Amendment.  This Agreement constitutes the entire
agreement among the parties concerning the subject matter of this Agreement, and
it  supersedes  any  prior  oral  or  written  agreements between the parties. A
separate writing may inform the construction of the provisions of this Agreement
if  expressly  called for by the terms of this Agreement. This Agreement may not
be  amended  except  by  a  written  agreement signed by the party against which
enforcement  is  sought.

     12.4  No  Third  Party  Beneficiaries.  This  Agreement is intended for the
benefit  of  the  parties  hereto  and their respective permitted successors and
assigns  and is not for the benefit of, nor may any provision hereof be enforced
by,  any  other  person.

     12.5 Waivers. The failure of a party to insist upon strict adherence to any
term  of this Agreement on any occasion shall not be considered a waiver thereof
or deprive that party of the right thereafter to insist upon strict adherence to
that  term  or  any  other  term  of  this  Agreement.

     12.6  Assignment.  This  Agreement  shall  inure  to  the benefit of and be
binding  upon  the  parties  hereto and their respective successors and assigns.

     12.7  Headings.  The  section  headings contained in this Agreement are for
reference  purposes  only  and  shall  not  affect  in  any  way  the meaning or
interpretation  of  this  Agreement.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]
              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 11

<PAGE>
                       INDIVIDUAL INVESTOR SIGNATURE PAGE

     IN  WITNESS  WHEREOF, the undersigned Subscriber does represent and certify
under  penalty of perjury that the foregoing statements are true and correct and
that  by  the  following signature(s) executed this Agreement on the date marked
below.

SUBSCRIBER:                       JOINT  SUBSCRIBER  (if  purchasing jointly):

______________________________    ______________________________
Date                              Date

______________________________    ______________________________
Signature                         Signature

______________________________    ______________________________
Name  Typed  or  Printed          Name  Typed  or  Printed

______________________________    ______________________________
Address                           Address

______________________________    ______________________________
City,  State,  Zip,  Country      City,  State,  Zip,  Country
______________________________    ______________________________
Telephone                         Telephone

______________________________    ______________________________
Facsimile                         Facsimile

______________________________    ______________________________
Social  Security  #               Social  Security  #

Name(s)  in  which  securities  should  be  issued:
_______________________________________
(Note:   Securities  will  not  be  issued  in a name other than the name of the
Subscriber(s)  unless  the Issuer receives satisfactory evidence that beneficial
ownership  would  not  change.)

ISSUER  USE  ONLY:

     This  Subscription Agreement is agreed to and accepted [  ] IN FULL or [  ]
to  the  extent  of  _____________  shares  of  Common  Stock  as  of
________________________,  2002.

                       HIENERGY TECHNOLOGIES, INC.

                       By: _______________________

                       Name: _____________________

                       Title: ____________________

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 12

<PAGE>
                         ENTITY INVESTOR SIGNATURE PAGE

          IN  WITNESS  WHEREOF,  the  parties  have  executed  this Subscription
Agreement  as  of  the  day  and  year  marked  below.

______________________________          ______________________________
Name  of  Subscriber                    Number  of  Owners

______________________________          ______________________________
Address                                 Date  of  Formation

______________________________          ______________________________
City,  State,  Zip,  Country            Tax  ID#  of  Subscriber

______________________________          ______________________________
Telephone  #                            Jurisdiction  of  Formation

______________________________
Facsimile  #

______________________________          ______________________________
Signature                               Date

______________________________
Name  (Typed  or  Printed)  of  Individual
   Signing  on  Behalf  of  Institution

______________________________
Position  or  Title

Name  in  which securities should be issued: ___________________________________
(Note:   Securities  will  not  be  issued  in a name other than the name of the
Subscriber  unless  the  Issuer  receives  satisfactory evidence that beneficial
ownership  would  not  change.)

ISSUER  USE  ONLY:

     This  Subscription Agreement is agreed to and accepted [  ] IN FULL or [  ]
to  the  extent  of  _____________  shares  of  Common  Stock  as  of
________________________,  2002.

                        HIENERGY TECHNOLOGIES, INC.

                        By:

                        Name:

                        Title:

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 13

<PAGE>
                            CERTIFICATE OF SIGNATORY
     (To be completed if the Common Stock is being subscribed for by an Entity
                                    Investor)

I,  _______________________________,  am  the________________________(position)

of  ____________________________________________________________(the "Entity").

     I  certify that I am empowered and duly authorized by the Entity to execute
and  carry  out the terms of the Subscription Agreement and to purchase and hold
the  Common  Stock  and certify further that the Subscription Agreement has been
duly  and  validly  executed on behalf of the Entity and constitutes a legal and
binding  obligation  of  the  Entity.

     IN  WITNESS  WHEREOF,  I  have set my hand this _____ day of _____________,
2002.

                           _______________________
                           (Signature)

                           Name  (Printed):_______

                           Title: ________________

              HIENERGY TECHNOLOGIES, INC. - SUBSCRIPTION AGREEMENT
                                     PAGE 14
<PAGE>

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