Document:

FORM OF CONVERTIBLE NOTE
                          OF STELLAR TECHNOLOGIES, INC.

THIS NOTE AND THE SECURITIES TO BE ISSUED UPON ITS CONVERSION HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE MAY NOT BE CONVERTED UNLESS THE
HOLDER THEREOF PROVIDES THE ISSUER WITH A WRITTEN CERTIFICATION THAT THIS NOTE
IS NOT BEING CONVERTED BY OR ON BEHALF OF ANY "U.S. PERSON" AS SUCH TERM IS
DEFINED IN RULE 902 OF REGULATION S UNDER THE SECURITIES ACT, OR PROVIDES A
WRITTEN OPINION OF UNITED STATES COUNSEL OF RECOGNIZED STANDING, IN FORM AND
SUBSTANCE SATISFACTORY TO THE ISSUER, TO THE EFFECT THAT THIS NOTE AND THE
SECURITIES TO BE ISSUED UPON ITS CONVERSION HAVE BEEN REGISTERED UNDER THE
SECURITIES ACT AND REGISTERED OR QUALIFIED UNDER APPLICABLE SECURITIES LAWS OF
ANY STATE OR OTHER JURISDICTION, OR ARE EXEMPT FROM SUCH REGISTRATION OR
QUALIFICATION. THIS NOTE AND THE SECURITIES TO BE ISSUED UPON ITS CONVERSION MAY
NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF, EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION
UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER APPLICABLE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR PURSUANT TO AN EXEMPTION
FROM SUCH REGISTRATION OR QUALIFICATION. HEDGING TRANSACTIONS, INCLUDING, BUT
NOT LIMITED TO, SHORT SALES, SWAPS OR DERIVATIVE SECURITIES TRANSACTIONS,
INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE
SECURITIES ACT AND APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION. NO TRANSFER OF THE SECURITIES REPRESENTED HEREBY MAY BE MADE IN
THE ABSENCE OF SUCH REGISTRATION OR QUALIFICATION UNLESS THERE SHALL HAVE BEEN
DELIVERED TO THE ISSUER A WRITTEN OPINION OF UNITED STATES COUNSEL OF RECOGNIZED
STANDING, IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, TO THE EFFECT THAT
SUCH TRANSFER MAY BE MADE WITHOUT REGISTRATION OF SUCH SECURITIES UNDER THE
SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER APPLICABLE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION.

$_____________                                              Dated: _______, 2006

      FOR VALUE RECEIVED, the undersigned, Stellar Technologies, Inc. ("Maker"),
promises to pay to the order of ___________________________, a _______________
("Lender" or "Holder"), in immediately available funds at the office of Lender
at _________________________________, or at such other location as the Lender
may designate in writing from time to time, the principal amount of
$______________ together with interest from the date hereof (computed on the
basis of a year of 360 days of twelve 30-day months) on the outstanding
principal balance, to be fixed at a rate equal to 10% per annum in accordance
with the following terms:
<PAGE>

      1. Terms of Repayment.

         (a) The principal amount of this Convertible Note shall be due and
payable in full on the date (the "Maturity Date") which is eighteen (18) months
from the date of this Convertible Note, at which time all unpaid interest which
has accrued on this Convertible Note shall also be due and payable. The Maker
shall have the right to prepay the principal amount of this Convertible Note, in
whole or in part, together with any accrued and unpaid interest due on such
principal amount, at any time upon ten (10) days written notice to Holder upon
Holder's delivery of this Convertible Note to the Maker for full or partial
cancellation.

         (b) Interest on the outstanding principal balance of this
Convertible Note shall accrue at the rate of 10% per annum and be payable at
maturity.

      2. Transferability. This Convertible Note and any shares of common stock,
$.001 par value per share ("Common Stock"), of Maker issuable upon conversion
hereof may not be offered for sale or sold, or otherwise transferred unless (i)
such security has been registered for sale under the Securities Act of 1933, as
amended (the "1933 Act"), and registered or qualified under applicable state
securities laws relating to the offer and sale of securities; (ii) such security
has been sold or otherwise transferred in accordance with Regulation S under the
1933 Act; or (iii) exemptions from the registration requirements of the 1933 Act
and the registration or qualification requirements of all applicable state
securities laws are available and the Maker shall have received a written
opinion of United States counsel of recognized standing, in form and substance
acceptable to Maker, to the effect that the proposed sale or other disposition
of such securities may be effected without registration under the 1933 Act and
would not result in any violation of any applicable state securities laws
relating to the registration or qualification of securities for sale.

      3. Subordination.

         (a) The indebtedness evidenced by this Convertible Note is
subordinated to the prior payment when due of the principal of, premium, if any,
and interest on all "Senior Indebtedness" (as defined in Section 3(b) below) of
Maker. Therefore, upon any distribution of its assets in a liquidation or
dissolution of Maker, or in bankruptcy, reorganization, insolvency, receivership
or similar proceedings relating to Maker, Lender will not be entitled to receive
payment of the indebtedness evidenced by this Convertible Note until the holders
of Senior Indebtedness are paid in full. Upon the occurrence of an event of
default with respect to any Senior Indebtedness, as such event of default may be
defined in such instrument evidencing the Senior Indebtedness, to the extent
such event of default permits the holders of such Senior Indebtedness to
accelerate the maturity thereof, then upon written notice thereof given to Maker
by any holder of such Senior Indebtedness or their representative, no payment
shall be made by Maker in respect of this Convertible Note until Maker has cured
such event of default to the satisfaction of the holders of such Senior
Indebtedness.
<PAGE>

         (b) "Senior Indebtedness" means: (i) all direct or indirect,
contingent or certain indebtedness of any type, kind or nature (present or
future) created, incurred or assumed by the Maker with respect to any present or
future bank or other financial institutional indebtedness of the Maker and any
guaranty by Maker of any present or future bank or other financial institutional
indebtedness of any subsidiary of Maker; (ii) any indebtedness created,
incurred, or assumed, by the Maker secured by a lien on any assets of the Maker;
and (iii) the indebtedness of the Maker evidenced by that certain Secured
Convertible Note in the principal amount of $1,600,000 dated April 1, 2005
issued by the Maker in favor of Trident Growth Fund, LP.

      4. Event of Default. An "Event of Default" under this Convertible Note
means the occurrence of any of the following events (whether the reason for such
event of default shall be voluntary or involuntary or be effected by operation
of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body): (i) nonpayment
of all principal and interest when and as due under the terms of this
Convertible Note; (ii) any other material breach of the terms of this
Convertible Note; (iii) any material breach by Maker of any representation,
warranty or agreement of Maker contained in that certain Securities Purchase
Agreement dated as of even date herewith by and between the Maker and Lender
(the "Securities Purchase Agreement") which is not cured by Maker within thirty
(30) days after notice by Lender; (iv) the institution of any proceedings by or
against Maker under any law relating to bankruptcy, insolvency, reorganization
or other form of debtor relief or Maker's making an assignment for the benefit
of creditors, or the appointment of a receiver, trustee, conservator or other
judicial representative for Maker or any of its respective properties; or (v) an
event of bankruptcy or insolvency of Maker. Maker shall receive written notice
upon the occurrence of an Event of Default and provided the default is not cured
within five (5) days, with respect to any Event of Default based on non-payment
of principal or interest, or within ten (10) days, with respect to any other
Event of Default, of the stated Event of Default, the entire principal and
accrued interest under this Convertible Note shall accelerate and become
immediately due and payable.

      5. Conversion Feature.

         (a) This Convertible Note may be converted, in whole or in part at
the option of the Holder, at any time or from time to time prior to the Maturity
Date, into that number of shares of Common Stock as determined herein by
delivery of this Note and the Notice of Conversion annexed hereto duly completed
and executed on behalf of the Holder, to Maker at the office of Maker (or such
other office or agency of Maker as it may designate by notice in writing to the
Holder at the address of the Holder appearing on the books of Maker). This Note
may not be converted unless the Holder provides the Company with a written
certification that this Note is not being converted by or on behalf of any "U.S.
Person" as such term is defined in Rule 902 of Regulations S under the 1933 Act,
or provides a written opinion of United States counsel of recognized standing,
in form and substance satisfactory to Maker, to the effect that this Note and
the shares of Common Stock to be issued upon its conversion have been registered
under the 1933 Act and registered or qualified under applicable securities laws
of any state or other jurisdiction, or are exempt from such registration or
qualification. The date set forth on the Conversion Notice shall be the
"Conversion Date".
<PAGE>

         (b) The number of shares of Common Stock that shall be issuable upon
conversion of the Convertible Note shall be equal to the face amount of the
Convertible Note (or such lesser principal amount as shall be set forth on the
Notice of Conversion), plus any accrued and unpaid interest due hereunder or on
the principal amount being converted, as applicable, divided by the Conversion
Price (as defined below) in effect on the Conversion Date. No partial share will
be issued. Any partial shares will be rounded up to the nearest whole share.
Within 5 days after Maker's receipt of the Conversion Notice completed and
executed by Holder and this Note, Maker shall issue and deliver by hand against
a signed receipt therefore, by nationally recognized overnight courier requiring
a signed receipt therefore to the address provided herein, a stock certificate
or stock certificates of the Maker representing the number of shares of Common
Stock to which Holder is entitled. In the event that this Note shall be
converted in part prior to the Maturity Date, the Maker shall issue a new Note
of like tenor to Holder in the principal amount not so converted. The Conversion
Price shall be $0.15, subject to adjustment. Except as provided in this Section
5, the Holder of the Convertible Note shall have no conversion rights.

         (c) The Lender shall be entitled to the rights and subject to the
obligations regarding the registration of the shares of Common Stock issuable
upon conversion of the Convertible Note set forth in Section 6 of that certain
Securities Purchase Agreement dated on or about the date hereof by and between
Maker and Lender.

      6. Adjustments. The Conversion Price and the securities into which this
Convertible Note is convertible are subject to adjustment from time to time as
follows:

         (a) Reorganization, Merger or Sale of Assets. If at any time while
this Convertible Note, or any portion thereof, is outstanding there shall be (i)
a reorganization (other than a combination, reclassification, exchange or
subdivision of shares otherwise provided for herein), (ii) a merger or
consolidation with or into another corporation in which the Maker is not the
surviving entity, or a reverse triangular merger in which the Maker is the
surviving entity but the shares of the Maker's capital stock outstanding
immediately prior to the merger are converted by virtue of the merger into other
property, whether in the form of securities, cash or otherwise, or (iii) a sale
or transfer of the Maker's properties and assets as, or substantially as, an
entirety to any other person, then, as a part of such reorganization, merger,
consolidation, sale or transfer, lawful provision shall be made so that the
holder of this Convertible Note shall thereafter be entitled to receive upon
conversion of this Convertible Note the number of shares of stock or other
securities or property of the successor corporation resulting from such
reorganization, merger, consolidation, sale or transfer that a holder of the
shares deliverable upon conversion of this Convertible Note would have been
entitled to receive in such reorganization, consolidation, merger, sale or
transfer if this Convertible Note had been converted immediately before such
reorganization, merger, consolidation, sale or transfer, all subject to further
adjustment as provided in this Section 6. The foregoing provisions of this
Section 6(a) shall similarly apply to successive reorganizations,
consolidations, mergers, sales and transfers and to the stock or securities of
any other corporation that are at the time receivable upon the conversion of
this Convertible Note. If the per-share consideration payable to Maker for
shares in connection with any such transaction is in a form other than cash or
marketable securities, then the value of such consideration shall be determined
in good faith by Maker's Board of Directors. In all events, appropriate
adjustment (as determined in good faith by Maker's Board of Directors) shall be
made in the application of the provisions of this Convertible Note with respect
to the rights and interests of Maker after the transaction, to the end that the
provisions of this Convertible Note shall be applicable after that event, as
near as reasonably may be, in relation to any shares or other property
deliverable after that event upon conversion of this Convertible Note.
<PAGE>

         (b) Reclassification. If Maker, at any time while this Convertible
Note, or any portion thereof, remains outstanding, by reclassification of
securities or otherwise, shall change any of the securities as to which
conversion rights under this Convertible Note exist into the same or a different
number of securities of any other class or classes, this Convertible Note shall
thereafter represent the right to acquire such number and kind of securities as
would have been issuable as the result of such change with respect to the
securities that were subject to the conversion rights under this Convertible
Note immediately prior to such reclassification or other change and number of
shares received upon such conversion shall be appropriately adjusted, all
subject to further adjustment as provided in this Section 6.

         (c) Split, Subdivision or Combination of Shares. If Maker at any
time while this Convertible Note, or any portion thereof, remains outstanding
shall split, subdivide or combine the securities as to which conversion rights
under this Convertible Note exist, into a different number of securities of the
same class, the Conversion Price shall be proportionately decreased in the case
of a split or subdivision or proportionately increased in the case of a
combination.

         (d) Adjustments for Dividends in Stock or Other Securities or
Property. If while this Convertible Note, or any portion hereof, remains
outstanding, the holders of the securities as to which conversion rights under
this Convertible Note exist at the time shall have received, or, on or after the
record date fixed for the determination of eligible stockholders, shall have
become entitled to receive, without payment therefor, other or additional stock
or other securities or property (other than cash) of Maker by way of dividend,
then and in each case, this Convertible Note shall represent the right to
acquire upon conversion, in addition to the number of shares of the security
receivable upon conversion of this Convertible Note, and without payment of any
additional consideration therefor, the amount of such other or additional stock
or other securities or property (other than cash) of Maker that such holder
would hold on the date of such conversion had it been the holder of record of
the security receivable upon conversion of this Convertible Note on the date
hereof and had thereafter, during the period from the date hereof to and
including the date of such conversion, retained such shares and/or all other
additional stock, other securities or property available by this Convertible
Note as aforesaid during such period, giving effect to all adjustments called
for during such period by the provisions of this Section 6.

      7. Investment Intent and Conversion Restrictions. Lender, by acceptance
hereof, acknowledges that this Convertible Note and the shares to be issued upon
conversion hereof are being acquired solely for Lender's own account and not as
a nominee for any other party, and for investment, and that Lender will not
offer, sell or otherwise dispose of this Convertible Note or any shares to be
issued upon conversion hereof except under circumstances that will not result in
a violation of applicable federal and state securities laws. Upon conversion of
this Convertible Note, Lender shall, confirm in writing, in a form satisfactory
to Maker, that the shares so purchased are being acquired solely for Lender's
own account and not as a nominee for any other party, for investment, and not
with a view toward distribution or resale. Lender acknowledges and agrees that
this Note may not be converted unless the Lender provides Maker with a written
certification that this Note is not being converted by or on behalf of any "U.S.
Person" as such term is defined in Rule 902 of Regulations S under the 1933 Act,
or provides a written opinion of United States counsel of recognized standing,
<PAGE>

in form and substance satisfactory to Maker, to the effect that this Note and
the shares to be issued upon its exercise have been registered under the 1933
Act and registered or qualified under applicable securities laws of any state or
other jurisdiction, or are exempt from such registration or qualification. The
Lender further acknowledges and agrees that hedging transactions, including but
not limited to short sales, swaps or derivative securities transactions may not
be conducted unless in compliance with the 1933 Act. All shares issued upon
exercise hereof shall be stamped or imprinted with a legend in substantially the
form set forth below, appropriate notations thereof will be made in the Maker's
stock transfer books, and stop transfer instructions reflecting these
restrictions on transfer will be placed with the transfer agent of the shares.

         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
         APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD,
         TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH THE
         PROVISIONS OF REGULATION S UNDER THE SECURITIES ACT, PURSUANT TO
         REGISTRATION UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION
         UNDER APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR
         PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION.
         HEDGING TRANSACTIONS, INCLUDING, BUT NOT LIMITED TO, SHORT SALES, SWAPS
         OR DERIVATIVE SECURITIES TRANSACTIONS, INVOLVING THESE SECURITIES MAY
         NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT AND
         APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NO
         TRANSFER OF THE SECURITIES REPRESENTED HEREBY MAY BE MADE IN THE
         ABSENCE OF SUCH REGISTRATION OR QUALIFICATION UNLESS THERE SHALL HAVE
         BEEN DELIVERED TO THE ISSUER A WRITTEN OPINION OF UNITED STATES COUNSEL
         OF RECOGNIZED STANDING, IN FORM AND SUBSTANCE SATISFACTORY TO THE
         ISSUER, TO THE EFFECT THAT SUCH TRANSFER MAY BE MADE WITHOUT
         REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND
         REGISTRATION OR QUALIFICATION UNDER APPLICABLE SECURITIES LAWS OF ANY
         STATE OR OTHER JURISDICTION.

      8. Notices.

         (a) Whenever the kind of securities purchasable hereunder or the
Conversion Price shall be adjusted pursuant to Section 6 hereof, Maker shall
issue a certificate signed by its Chief Financial Officer setting forth, in
reasonable detail, the event requiring the adjustment, the amount of the
adjustment, the method by which such adjustment was calculated, and the
Conversion Price and kind of securities purchasable hereunder after giving
effect to such adjustment, and shall cause a copy of such certificate to be
mailed (by first-class mail, postage prepaid) to Maker.
<PAGE>

         (b) All notices, advices and communications under this Convertible
Note shall be deemed to have been given, (i) in the case of personal delivery,
on the date of such delivery and (ii) in the case of mailing, on the third
business day following the date of such mailing, addressed as follows:

                  If to Maker:

                  Stellar Technologies, Inc.
                  7935 Airport Pulling Road
                  Suite 201
                  Naples, FL  34109
                  Attention: Chief Executive Officer

                  With a copy to:

                  Fox Rothschild LLP
                  997 Lenox Drive
                  Building 3
                  Lawrenceville, New Jersey 08648
                  Attention: Vincent A. Vietti, Esq.

                  and to the Lender:

                  At the address set forth in the Securities Purchase Agreement

      Either of Maker or Lender may from time to time change the address to
which notices to it are to be mailed hereunder by notice in accordance with the
provisions of this Section 8.

      9. Amendments.

         (a) Any term of this Convertible Note may be amended with the
written consent of the Maker and the Holder. Any amendment effected in
accordance with this Section 9 shall be binding upon the Holder, each future
holder and the Maker.

         (b) No waivers of, or exceptions to, any term, condition or
provision of this Convertible Note, in any one or more instances, shall be
deemed to be, or construed as, a further or continuing waiver of any such term,
condition or provision.

      10. Agreements of Maker. Maker and any other party now or hereafter liable
for the payment of this Convertible Note in whole or in part, hereby severally
(i) waive demand, presentment for payment, notice of nonpayment, protest, notice
of protest, notice of intent to accelerate, notice of acceleration and all other
notice, filing of suit and diligence in collecting this Convertible Note, (ii)
agree to the release of any party primarily or secondarily liable hereon, (iii)
agree that the Lender shall not be required first to institute suit or exhaust
its remedies hereon against Maker or others liable or to become liable hereon or
to enforce its rights against them, and (iv) consent to any extension or
postponement of time of payment of this Convertible Note and to any other
indulgence with respect hereto without notice thereof to any of them.
<PAGE>

      11. Binding Parties. This Convertible Note shall bind Maker and its
successors and assigns, and the benefits hereof shall inure to the benefit of
Lender and its successors and assigns. All references herein to "Maker" and
"Lender" shall be deemed to apply to Maker and Lender, respectively, and to
their respective successors and assigns.

      12. Governing Law. This Convertible Note shall be governed by and
construed in accordance with the laws of the State of Florida, without regard to
the laws that might otherwise govern under applicable principles of conflicts of
laws thereof, except that the General Corporation Law of the State of Colorado
shall apply to the internal corporate governance of Maker.

      13. Section Titles. The Section titles in this Convertible Note are and
shall be without substantive meaning or content of any kind whatsoever and are
not a part of this Convertible Note.

      WITNESS the due execution hereof on the date first above written.

                                                  STELLAR TECHNOLOGIES, INC.

                                                  By:___________________________
                                                       Name:
                                                       Title:

<PAGE>

                                   APPENDIX A
                              NOTICE OF CONVERSION

To:      Stellar Technologies, Inc.
         7935 Airport Pulling Road
         Suite 210
         Naples, FL 34109

         Attention:  Chief Executive Officer

         (1) The undersigned hereby elects to purchase ____________ shares of
Common Stock of Stellar Technologies, Inc., a Colorado corporation, pursuant to
the terms of the attached Note, and tenders herewith payment for such shares in
full in accordance with the terms of the Note by converting $_________ principal
amount of the Note and $__________ of accrued and unpaid interest due on such
principal amount.

         (2) In converting this Note, the undersigned hereby confirms and
acknowledges that the shares of Common Stock to be issued upon conversion hereof
are being acquired solely for the account of the undersigned, not as a nominee
for any other party, and for investment purposes only (unless such shares are
subject to resale pursuant to an effective prospectus), and that the undersigned
will not offer, sell or otherwise dispose of any such shares of Common Stock
except under circumstances that will not result in a violation of the Securities
Act of 1933, as amended (the "Securities Act"), or any state securities laws.

         (3) The undersigned hereby certifies that:

      |_|   This Note is not being converted by or on behalf of any "U.S.
            Person" as such term is defined in Rule 902 of Regulation S under
            the Securities Act, or

      |_|   Enclosed is a written opinion of United States counsel of recognized
            standing, in form and substance satisfactory to the issuer, to the
            effect that this Note and the securities to be issued upon its
            conversion have been registered under the Securities Act and
            registered or qualified under applicable securities laws of any
            state or other jurisdiction, or are exempt from such registration or
            qualification.

      (4) Terms not otherwise defined in this Notice of Conversion shall have
the meanings ascribed to such terms in the attached Note.

      (5) Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned.

                                                  HOLDER

--------------------------                        ------------------------------
(Date)                                            (Signature)WARRANT NO.: REG S [_________]

                    FORM OF WARRANT TO PURCHASE COMMON STOCK
                          OF STELLAR TECHNOLOGIES, INC.

THIS WARRANT AND THE SECURITIES TO BE ISSUED UPON ITS EXERCISE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR APPLICABLE STATE SECURITIES LAWS. THIS WARRANT MAY NOT BE EXERCISED UNLESS
THE HOLDER THEREOF PROVIDES THE ISSUER WITH A WRITTEN CERTIFICATION THAT THIS
WARRANT IS NOT BEING EXERCISED BY OR ON BEHALF OF ANY "U.S. PERSON" AS SUCH TERM
IS DEFINED IN RULE 902 OF REGULATION S UNDER THE SECURITIES ACT, OR PROVIDES A
WRITTEN OPINION OF UNITED STATES COUNSEL OF RECOGNIZED STANDING, IN FORM AND
SUBSTANCE SATISFACTORY TO THE ISSUER, TO THE EFFECT THAT THIS WARRANT AND THE
SECURITIES TO BE ISSUED UPON ITS EXERCISE HAVE BEEN REGISTERED UNDER THE
SECURITIES ACT AND REGISTERED OR QUALIFIED UNDER APPLICABLE SECURITIES LAWS OF
ANY STATE OR OTHER JURISDICTION, OR ARE EXEMPT FROM SUCH REGISTRATION OR
QUALIFICATION. THIS WARRANT AND THE SECURITIES TO BE ISSUED UPON ITS EXERCISE
MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF, EXCEPT IN ACCORDANCE WITH
THE PROVISIONS OF REGULATION S UNDER THE SECURITIES ACT, PURSUANT TO
REGISTRATION UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER
APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR PURSUANT TO AN
EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION. HEDGING TRANSACTIONS,
INCLUDING, BUT NOT LIMITED TO, SHORT SALES, SWAPS OR DERIVATIVE SECURITIES
TRANSACTIONS, INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE SECURITIES LAWS OF ANY STATE
OR OTHER JURISDICTION. NO TRANSFER OF THE SECURITIES REPRESENTED HEREBY MAY BE
MADE IN THE ABSENCE OF SUCH REGISTRATION OR QUALIFICATION UNLESS THERE SHALL
HAVE BEEN DELIVERED TO THE ISSUER A WRITTEN OPINION OF UNITED STATES COUNSEL OF
RECOGNIZED STANDING, IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, TO THE
EFFECT THAT SUCH TRANSFER MAY BE MADE WITHOUT REGISTRATION OF SUCH SECURITIES
UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION UNDER APPLICABLE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.

      This WARRANT ("Warrant") is to verify that, FOR VALUE RECEIVED,
[_____________________________] ("Holder") is entitled to purchase, subject to
the terms and conditions hereof, from STELLAR TECHNOLOGIES, INC., a Colorado
corporation (the "Company"), [_____________] shares of common stock, $.001 par
value per share, of the Company (the "Common Stock"), at any time during the
period commencing at 9:00 a.m., Eastern Standard Time on the date hereof (the
"Commencement Date") and ending at 5:00 p.m. Eastern Standard Time on the third
(3rd) anniversary of the Commencement Date (the "Termination Date"), at an
exercise price (the "Exercise Price") of $.40 per share of Common Stock. The
number of shares of Common Stock purchasable upon exercise of this Warrant and
the Exercise Price per share shall be subject to adjustment from time to time
upon the occurrence of certain events as set forth below.
<PAGE>

      The shares of Common Stock or any other shares or other units of stock or
other securities or property, or any combination thereof, then receivable upon
exercise of this Warrant, as adjusted from time to time, are sometimes referred
to hereinafter as "Exercise Shares." The exercise price per share as from time
to time in effect is referred to hereinafter as the "Exercise Price."

      1. Exercise of Warrant; Issuance of Exercise Shares.

      (a) Exercise of Warrant. Subject to the terms hereof, the purchase rights
represented by this Warrant are exercisable by the Holder in whole or in part,
at any time, or from time to time, by the surrender of this Warrant and the
Notice of Exercise annexed hereto duly completed and executed on behalf of the
Holder, at the office of the Company (or such other office or agency of the
Company as it may designate by notice in writing to the Holder at the address of
the Holder appearing on the books of the Company) accompanied by payment of the
Exercise Price in full either: (i) in cash or by bank or certified check for the
Exercise Shares with respect to which this Warrant is exercised; (ii) by
delivery to the Company of shares of the Company's Common Stock having a Fair
Market Value (as defined below) equal to the aggregate Exercise Price of the
Exercise Shares being purchased that Holder is the record and beneficial owner
of and that have been held by the Holder for at least six (6) months; (iii)
provided that the sale of the Exercise Shares are covered by an effective
registration statement, by delivering to the Company a Notice of Exercise
together with an irrevocable direction to a broker-dealer registered under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), to sell a
sufficient portion of the Exercise Shares and deliver the sales proceeds
directly to the Company to pay the Exercise Price; or (iv) by any combination of
the procedures set forth in subsections (i), (ii) and (iii) of this Section
1(a). For the purposes of this Section 1(a), "Fair Market Value" shall be an
amount equal to the average of the Current Market Value (as defined below) for
the ten (10) days preceding the Company's receipt of the duly executed Notice of
Exercise form attached hereto as Appendix A.

      In the event that this Warrant shall be duly exercised in part prior to
the Termination Date, the Company shall issue a new Warrant or Warrants of like
tenor evidencing the rights of the Holder thereof to purchase the balance of the
Exercise Shares purchasable under the Warrant so surrendered that shall not have
been purchased.

      (b) Issuance of Exercise Shares: Delivery of Warrant Certificate. The
Company shall, within ten (10) business days or as soon thereafter as is
practicable of the exercise of this Warrant, issue in the name of and cause to
be delivered to the Holder one or more certificates representing the Exercise
Shares to which the Holder shall be entitled upon such exercise under the terms
hereof. Such certificate or certificates shall be deemed to have been issued and
the Holder shall be deemed to have become the record holder of the Exercise
Shares as of the date of the due exercise of this Warrant.
<PAGE>

      (c) Exercise Shares Fully Paid and Non-assessable. The Company agrees and
covenants that all Exercise Shares issuable upon the due exercise of the Warrant
represented by this Warrant certificate ("Warrant Certificate") will, upon
issuance and payment therefor in accordance with the terms hereof, be duly
authorized, validly issued, fully paid and non-assessable and free and clear of
all taxes (other than taxes which, pursuant to Section 2 hereof, the Company
shall not be obligated to pay) or liens, charges, and security interests created
by the Company with respect to the issuance thereof.

      (d) Reservation of Exercise Shares. The Company covenants that during the
term that this Warrant is exercisable, the Company will reserve from its
authorized and unissued Common Stock a sufficient number of shares to provide
for the issuance of the Exercise Shares upon the exercise of this Warrant, and
from time to time will take all steps necessary to amend its certificate of
incorporation to provide sufficient reserves of shares of Common Stock issuable
upon the exercise of the Warrant.

      (e) Fractional Shares. The Company shall not be required to issue
fractional shares of capital stock upon the exercise of this Warrant or to
deliver Warrant Certificates that evidence fractional shares of capital stock.
In the event that any fraction of an Exercise Share would, except for the
provisions of this subsection (e), be issuable upon the exercise of this
Warrant, the Company shall pay to the Holder exercising the Warrant an amount in
cash equal to such fraction multiplied by the Current Market Value of the
Exercise Share on the last business day prior to the date on which this Warrant
is exercised. For purposes of this subsection (e), the "Current Market Value"
for any day shall be determined as follows:

            (i) if the Exercise Shares are traded in the over-the-counter market
and not on any national securities exchange and not on the NASDAQ National
Market System or NASDAQ Small Cap Market (together, the "NASDAQ Reporting
System"), the average of the mean between the last bid and asked prices per
share, as reported by the National Quotation Bureau, Inc., or an equivalent
generally accepted reporting service, or if not so reported, the average of the
closing bid and asked prices for an Exercise Share as furnished to the Company
by any member of the National Association of Securities Dealers, Inc., selected
by the Company for that purpose; or

            (ii) if the Exercise Shares are listed or traded on a national
securities exchange or the NASDAQ Reporting System, the closing price on the
principal national securities exchange on which they are so listed or traded, on
the NASDAQ Reporting System, as the case may be, on the last business day prior
to the date of the exercise of this Warrant. The closing price referred to in
this clause (ii) shall be the last reported sales price or, in case no such
reported sale takes place on such day, the average of the reported closing bid
and asked prices, in either case on the national securities exchange on which
the Exercise Shares are then listed or in the NASDAQ Reporting System; or
<PAGE>

            (iii) if no such closing price or closing bid and asked prices are
available, as determined in any reasonable manner as may be prescribed by the
Board of Directors of the Company.

      2. Payment of Taxes.

      (a) Stamp Taxes. The Company will pay all documentary stamp taxes, if any,
attributable to the initial issuance of Exercise Shares upon the exercise of
this Warrant; provided, however, that the Company shall not be required to pay
any tax or taxes which may be payable in respect of any transfer involved in the
issue of any Warrant Certificates or any certificates for Exercise Shares in a
name other than that of the Holder of a Warrant Certificate surrendered upon the
exercise of a Warrant, and the Company shall not be required to issue or deliver
such certificates unless or until the person or persons requesting the issuance
thereof shall have paid to the Company the amount of such tax or shall have
established to the satisfaction of the Company that such tax has been paid.

      (b) Withholding. The Holder shall pay to the Company, or make arrangements
satisfactory to the Company regarding payment of, any federal, state, local
and/or payroll taxes of any kind required by law to be withheld with respect to
the grant of this Warrant or the issuance of the Exercise Shares. The Company
may, to the extent permitted by law, deduct any such taxes from any payment of
any kind otherwise due to the Holder whether or not pursuant to this Warrant.
The Holder may elect, with the consent of the Company, to have such tax
withholding obligation satisfied, in whole or in part, by: (i) authorizing the
Company to withhold from the Exercise Shares a number of shares of Common Stock
having an aggregate Fair Market Value that would satisfy the minimum withholding
amount due, or (ii) delivering to the Company a number of shares of Common Stock
of which the Holder is the record and beneficial owner and that have been held
by the Holder for at least six (6) months with an aggregate Fair Market Value
that would satisfy the minimum withholding amount due. The Company may require
that any fractional share amount be settled in cash. For the purposes of this
Section 2, Fair Market Value shall be determined as of the date on which the
amount of tax to be withheld is determined.

      3. Mutilated or Missing Warrant Certificates. In case any Warrant shall be
mutilated, lost, stolen or destroyed, the Company may in its discretion issue,
in exchange and substitution for and upon cancellation of the mutilated Warrant,
or in lieu of and in substitution for the Warrant lost, stolen or destroyed, a
new Warrant or Warrants of like tenor and in the same aggregate denomination,
but only (i) in the case of loss, theft or destruction, upon receipt of evidence
satisfactory to the Company of such loss, theft or destruction of such Warrant
and indemnity or bond, if requested, also satisfactory to them and (ii) in the
case of mutilation, upon surrender of the mutilated Warrant. Applicants for such
substitute Warrants shall also comply with such other reasonable regulations and
pay such other reasonable charges as the Company or its counsel may prescribe.

      4. Rights of Holder. The Holder shall not, by virtue of anything contained
in this Warrant or otherwise, be entitled to any right whatsoever, either in law
or equity, of a stockholder of the Company, including without limitation, the
right to receive dividends or to vote or to consent or to receive notice as a
shareholder in respect of the meetings of shareholders or the election of
directors of the Company or any other matter.
<PAGE>

      5. Registration of Transfers and Exchanges. The Warrant shall be
transferable, subject to the provisions of Section 7 hereof, only upon the books
of the Company, if any, to be maintained by it for that purpose, upon surrender
of the Warrant Certificate to the Company at its principal office accompanied
(if so required by the Company) by a written instrument or instruments of
transfer in form satisfactory to the Company and duly executed by the Holder
thereof or by the duly appointed legal representative thereof or by a duly
authorized attorney and upon payment of any necessary transfer tax or other
governmental charge imposed upon such transfer. In all cases of transfer by an
attorney, the original letter of attorney, duly approved, or an official copy
thereof, duly certified, shall be deposited and remain with the Company. In case
of transfer by executors, administrators, guardians or other legal
representatives, duly authenticated evidence of their authority shall be
produced, and may be required to be deposited and remain with the Company in its
discretion. Upon any such registration of transfer, a new Warrant shall be
issued to the transferee named in such instrument of transfer, and the
surrendered Warrant shall be canceled by the Company.

      Any Warrant may be exchanged, at the option of the Holder thereof and
without change, when surrendered to the Company at its principal office, or at
the office of its transfer agent, if any, for another Warrant or other Warrants
of like tenor and representing in the aggregate the right to purchase from the
Company a like number and kind of Exercise Shares as the Warrant surrendered for
exchange or transfer, and the Warrant so surrendered shall be canceled by the
Company or transfer agent, as the case may be.

      6. Adjustment of Exercise Shares and Exercise Price. The Exercise Price
and the number and kind of Exercise Shares purchasable upon the exercise of this
Warrant shall be subject to adjustment from time to time upon the happening of
certain events as hereinafter provided. The Exercise Price in effect at any time
and the number and kind of securities purchasable upon exercise of each Warrant
shall be subject to adjustment as follows:

      (a) In case of any consolidation or merger of the Company with another
corporation (other than a merger with another corporation in which the Company
is the surviving corporation and which does not result in any reclassification
or change -- other than a change in par value, or from par value to no par
value, or from no par value to par value, or as a result of a subdivision or
combination -- of outstanding Common Stock issuable upon such exercise), the
rights of the Holder of this Warrant shall be adjusted in the manner described
below:

            (i) In the event that the Company is the surviving corporation or is
merged into a wholly owned subsidiary for the purpose of incorporating the
Company in a different jurisdiction, this Warrant shall, without payment of
additional consideration therefor, be deemed modified so as to provide that the
Holder of this Warrant, upon the exercise thereof, shall procure, in lieu of
each share of Common Stock theretofore issuable upon such exercise, the kind and
amount of shares of stock, other securities, money and property receivable upon
such reclassification, change, consolidation or merger by the holder of each
share of Common Stock, had exercise of this Warrant occurred immediately prior
to such reclassification, change, consolidation or merger. This Warrant (as
adjusted) shall be deemed to provide for further adjustments that shall be as
nearly equivalent as may be practicable to the adjustments provided for in this
Section 6. The provisions of this clause (i) shall similarly apply to successive
reclassifications, changes, consolidations and mergers.
<PAGE>

            (ii) In the event that the Company is not the surviving corporation
(except in the case of a merger of the Company into a wholly owned subsidiary
for the purpose of incorporating the Company in a different jurisdiction),
Holder shall be given at least fifteen (15) days prior written notice of such
transaction and shall be permitted to exercise this Warrant, to the extent it is
exercisable as of the date of such notice, during this fifteen (15) day period.
Upon expiration of such fifteen (15) day period, this Warrant and all of
Holder's rights hereunder shall terminate.

      (b) If the Company, at any time while this Warrant, or any portion
thereof, remains outstanding and unexpired, by reclassification of securities or
otherwise, shall change any of the securities as to which purchase rights under
this Warrant exist into the same or a different number of securities of any
other class or classes, this Warrant shall thereafter represent the right to
acquire such number and kind of securities as would have been issuable as the
result of such change with respect to the securities that were subject to the
purchase rights under this Warrant immediately prior to such reclassification or
other change and the Exercise Price therefor shall be appropriately adjusted,
all subject to further adjustment as provided in this Section 6.

      (c) In case the Company shall (i) pay a dividend or make a distribution on
its shares of Common Stock in shares of Common Stock, (ii) subdivide or classify
its outstanding Common Stock into a greater number of shares, or (iii) combine
or reclassify its outstanding Common Stock into a smaller number of shares, the
Exercise Price in effect at the time of the record date for such dividend or
distribution or of the effective date of such subdivision, combination or
reclassification, shall be proportionally adjusted so that the Holder of this
Warrant exercised after such date shall be entitled to receive the aggregate
number and kind of shares that, if this Warrant had been exercised by such
Holder immediately prior to such date, he would have owned upon such exercise
and been entitled to receive upon such dividend, subdivision, combination or
reclassification. For example, if the Company declares a 2 for 1 stock dividend
or stock split and the Exercise Price immediately prior to such event was $2.00
per share, the adjusted Exercise Price immediately after such event would be
$1.00 per share. Such adjustment shall be made successively whenever any event
listed above shall occur. Whenever the Exercise Price payable upon exercise of
each Warrant is adjusted pursuant to this subsection (c), the number of Exercise
Shares purchasable upon exercise of this Warrant shall simultaneously be
adjusted by multiplying the number of Exercise Shares initially issuable upon
exercise of this Warrant by the Exercise Price in effect on the date hereof and
dividing the product so obtained by the Exercise Price, as adjusted.

      (d) In the event that at any time, as a result of an adjustment made
pursuant to subsection (a), (b) or (c) above, the Holder of this Warrant
thereafter shall become entitled to receive any Exercise Shares of the Company,
other than Common Stock, thereafter the number of such other shares so
receivable upon exercise of this Warrant shall be subject to adjustment from
time to time in a manner and on terms as nearly equivalent as practicable to the
provisions with respect to the Common Stock contained in subsections (a), (b) or
(c) above.
<PAGE>

      (e) Irrespective of any adjustments in the Exercise Price or the number or
kind of Exercise Shares purchasable upon exercise of this Warrant, Warrants
theretofore or thereafter issued may continue to express the same price and
number and kind of shares as are stated in the similar Warrants initially
issuable pursuant to this Warrant.

      (f) Whenever the Exercise Price shall be adjusted as required by the
provisions of the foregoing Section 6, the Company shall forthwith file in the
custody of its Secretary or an Assistant Secretary at its principal office and
with its stock transfer agent, if any, an officer's certificate showing the
adjusted Exercise Price determined as herein provided, setting forth in
reasonable detail the facts requiring such adjustment, including a statement of
the number of additional shares of Common Stock, if any, and such other facts as
shall be necessary to show the reason for and the manner of computing such
adjustment. Each such officer's certificate shall be made available at all
reasonable times for inspection by the holder and the Company shall, forthwith
after each such adjustment, mail a copy by certified mail of such certificate to
the Holder.

      (g) All calculations under this Section 6 shall be made to the nearest
cent or to the nearest one one-hundredth (1/100th) of a share, as the case may
be.

      7. Investment Intent, Exercise Restrictions and Transfer Restrictions.

      (a) The Holder of this Warrant, by acceptance hereof, acknowledges that
this Warrant and the Exercise Shares to be issued upon exercise hereof
(collectively, the "Securities") are being acquired for the Holder's own account
for investment purposes only and not with a view to, or with any present
intention of, distributing or reselling any of such Securities. The Holder
acknowledges and agrees that the Securities have not been registered under the
Securities Act or under any state securities laws, and that the Securities may
not be, directly or indirectly, sold, transferred, offered for sale, pledged,
hypothecated or otherwise disposed of without registration under the Securities
Act and applicable state securities laws, except pursuant to an available
exemption from such registration. The Holder acknowledges and agrees that this
Warrant may not be exercised unless the Holder provides the Company with a
written certification that this Warrant is not being exercised by or on behalf
of any "U.S. Person" as such term is defined in Rule 902 of Regulations S under
the Securities Act, or provides a written opinion of United States counsel of
recognized standing, in form and substance satisfactory to the Company, to the
effect that this Warrant and the Securities to be issued upon its exercise have
been registered under the Securities Act and registered or qualified under
applicable securities laws of any state or other jurisdiction, or are exempt
from such registration or qualification. The Holder acknowledges and agrees that
hedging transactions, including but not limited to short sales, swaps or
derivative securities transactions may not be conducted unless in compliance
with the Securities Act. The Holder further acknowledges that neither the
Securities and Exchange Commission ("SEC") nor any securities commission or
other governmental authority has: (i) approved the transfer of the Securities or
passed upon or endorsed the merits of the transfer of the Securities; or (ii)
confirmed the accuracy of, determined the adequacy of, or reviewed this Warrant.
The Holder has such knowledge, sophistication and experience in financial, tax
and business matters in general, and investments in securities in particular,
that it is capable of evaluating the merits and risks of this investment in the
Securities, and the Holder has made such investigations in connection herewith
as it deemed necessary or desirable so as to make an informed investment
decision without relying upon the Company for legal or tax advice related to
this investment.
<PAGE>

      (b) The certificates evidencing any Exercise Shares issued upon the
exercise of this Warrant shall have endorsed thereon (except to the extent that
the restrictions described in any such legend are no longer applicable) the
following legend, appropriate notations thereof will be made in the Company's
stock transfer books, and stop transfer instructions reflecting these
restrictions on transfer will be placed with the transfer agent of the Exercise
Shares.

         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
         APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD,
         TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH THE
         PROVISIONS OF REGULATION S UNDER THE SECURITIES ACT, PURSUANT TO
         REGISTRATION UNDER THE SECURITIES ACT AND REGISTRATION OR QUALIFICATION
         UNDER APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, OR
         PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION.
         HEDGING TRANSACTIONS, INCLUDING, BUT NOT LIMITED TO, SHORT SALES, SWAPS
         OR DERIVATIVE SECURITIES TRANSACTIONS, INVOLVING THESE SECURITIES MAY
         NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT AND
         APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NO
         TRANSFER OF THE SECURITIES REPRESENTED HEREBY MAY BE MADE IN THE
         ABSENCE OF SUCH REGISTRATION OR QUALIFICATION UNLESS THERE SHALL HAVE
         BEEN DELIVERED TO THE ISSUER A WRITTEN OPINION OF UNITED STATES COUNSEL
         OF RECOGNIZED STANDING, IN FORM AND SUBSTANCE SATISFACTORY TO THE
         ISSUER, TO THE EFFECT THAT SUCH TRANSFER MAY BE MADE WITHOUT
         REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND
         REGISTRATION OR QUALIFICATION UNDER APPLICABLE SECURITIES LAWS OF ANY
         STATE OR OTHER JURISDICTION.

8.    Indemnification. Holder agrees to indemnify, defend and hold harmless the
Company and its respective affiliates and agents from and against any and all
demands, claims, actions or causes of action, judgments, assessments, losses,
liabilities, damages or penalties and reasonable attorneys' fees and related
disbursements incurred by the Company that arise out of or result from a breach
of any representations, warranties, covenants or agreements made by Holder
herein, and Holder agrees that in the event of any breach of any
representations, warranties, covenants or agreements made by Holder herein, the
Company may, at its option, forthwith rescind the issuance of this Warrant to
Holder.
<PAGE>

      9. Registration Rights. The Holder shall be entitled to the rights and
subject to the obligations set forth in Section 6 of that certain Securities
Purchase Agreement dated on or about the date hereof by and between the Company
and the Holder.

      10. Notices. All notices or other communications under this Warrant shall
be in writing and shall be deemed to have been given on the day of delivery if
delivered by hand, on the fifth day after deposit in the mail if mailed by
certified mail, postage prepaid, return receipt requested, or on the next
business day after mailing if sent by a nationally recognized overnight courier
such as federal express, addressed as follows:

                  If to the Company:

                           Stellar Technologies, Inc.
                           7935 Airport Pulling Road
                           Suite 210
                           Naples, FL 34109
                           Attention:  Chief Executive Officer

                  with a copy to:
                  --------------

                           Fox Rothschild LLP
                           997 Lenox Drive, Building 3
                           Lawrenceville, NJ  08646
                           Attention:  Vincent A. Vietti, Esquire

                  and to the Holder at the address of the Holder appearing on
                  the books of the Company or the Company's transfer agent, if
                  any.

      Either of the Company or the Holder may from time to time change the
address to which notices to it are to be mailed hereunder by notice in
accordance with the provisions of this Section 10.

      11. Supplements and Amendments. The Company may from time to time
supplement or amend this Warrant without the approval of any holders of Warrants
in order to cure any ambiguity or to correct or supplement any provision
contained herein which may be defective or inconsistent with any other
provision, or to make any other provisions in regard to matters or questions
herein arising hereunder which the Company may deem necessary or desirable and
which shall not materially adversely affect the interests of the Holder.

      12. Successors and Assigns. This Warrant shall inure to the benefit of and
be binding on the respective successors, assigns and legal representatives of
the Holder and the Company.

      13. Severability. If for any reason any provision, paragraph or terms of
this Warrant is held to be invalid or unenforceable, all other valid provisions
herein shall remain in full force and effect and all terms, provisions and
paragraphs of this Warrant shall be deemed to be severable.
<PAGE>

      14. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida, without regard to the laws
that might otherwise govern under applicable principles of conflicts of laws
thereof, except to the extent that the General Corporation Law of the State of
Colorado shall apply to the internal corporate governance of the Company.

      15. Headings. Section and subsection headings used herein are included
herein for convenience of reference only and shall not affect the construction
of this Warrant nor constitute a part of this Warrant for any other purpose.

      IN WITNESS WHEREOF, the Company has caused these presents to be duly
executed as of the ___ day of ______________, 2006.

                                                   STELLAR TECHNOLOGIES, INC.

                                                   By:__________________________
                                                       Name:
                                                       Title:

<PAGE>

                                   APPENDIX A
                               NOTICE OF EXERCISE

To:      Stellar Technologies, Inc.
         7935 Airport Pulling Road
         Suite 210
         Naples, FL 34109

         Attention:  Chief Executive Officer

         (1) The undersigned hereby elects to purchase ____________ shares of
Common Stock of Stellar Technologies, Inc., a Colorado corporation, pursuant to
the terms of the attached Warrant, and tenders herewith payment of the Exercise
Price for such shares in full in accordance with the terms of the Warrant in the
following manner (please check one or more of the following choices):

         |_|   In cash;

         |_|   Cashless exercise through a broker; or

         |_|   Delivery of previously owned shares of Common Stock.

         (2) In exercising this Warrant, the undersigned hereby confirms and
acknowledges that the shares of Common Stock to be issued upon conversion hereof
are being acquired solely for the account of the undersigned, not as a nominee
for any other party, and for investment purposes only (unless such shares are
subject to resale pursuant to an effective prospectus), and that the undersigned
will not offer, sell or otherwise dispose of any such shares of Common Stock
except under circumstances that will not result in a violation of the Securities
Act of 1933, as amended (the "Securities Act"), or any state securities laws.

         (3) The undersigned hereby certifies that:

         |_|   This Warrant is not being exercised by or on behalf of any
               "U.S. Person" as such term is defined in Rule 902 of
               Regulation S under the Securities Act, or

         |_|   Enclosed is a written opinion of United States counsel of
               recognized standing, in form and substance satisfactory to the
               issuer, to the effect that this warrant and the securities to
               be issued upon its exercise have been registered under the
               Securities Act and registered or qualified under applicable
               securities laws of any state or other jurisdiction, or are
               exempt from such registration or qualification.

          (4) Terms not otherwise defined in this Notice of Exercise shall have
the meanings ascribed to such terms in the attached Warrant.

         (5) Please issue a certificate or certificates representing said shares
of Common Stock in the name of the undersigned.

                                               HOLDER

--------------------------                     ---------------------------------
(Date)                                         (Signature)

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