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                                   EXHIBIT 4.9

                          REGISTRATION RIGHTS AGREEMENT

     This  Registration  Rights Agreement (this "Agreement") is made and entered
into  as  of  October  29,  2002,  by and between HiEnergy Technologies, Inc., a
Washington  corporation  (the  "Company"),  and  the  purchaser  executing  this
Agreement  (the  "Purchaser").

     This  Agreement  is  being  entered  into  pursuant  to  the  Subscription
Agreement,  dated  as  of  the date hereof between the Company and the Purchaser
(the  "Subscription  Agreement").

     The  Company  and  the  Purchaser  hereby  agree  as  follows:

 1.  Definitions.

     As  used  in  this  Agreement, the following terms shall have the following
meanings:

     "Advice"  shall  have  meaning  set  forth  in  Section  3(m).

     "Affiliate"  means,  with  respect  to  any  Person,  any other Person that
directly or indirectly controls or is controlled by or under common control with
such  Person.  For  the  purposes  of this definition, "control," when used with
respect to any Person, means the possession, direct or indirect, of the power to
direct  or  cause  the  direction of the management and policies of such Person,
whether  through  the  ownership of voting securities, by contract or otherwise;
and  the  terms  of  "affiliated,"  "controlling" and "controlled" have meanings
correlative  to  the  foregoing.

     "Board"  shall  have  meaning  set  forth  in  Section  3(n).

     "Business  Day"  means  any  day  except Saturday, Sunday and any day which
shall  be a legal holiday or a day on which banking institutions in the state of
New York generally are authorized or required by law or other government actions
to  close.

     "Closing  Date"  means  the date of the closing of the purchase and sale of
the  Common  Stock  pursuant  to  the  Subscription  Agreement.

     "Commission"  means  the  Securities  and  Exchange  Commission.

     "Common  Stock"  means  the  Company's  Common Stock, par value $0.0001 per
share.

     "Effectiveness  Date"  means with respect to the Registration Statement the
earlier  of the 120th day following the Closing Date or the date which is within
five  (5)  days of the date on which the Commission informs the Company that the
Commission  (i)  will  not  review  the  Registration Statement or (ii) that the
Company  may  request  the acceleration of the effectiveness of the Registration
Statement  and  the  Company  makes  such  request.

     "Effectiveness  Period"  shall  have  the  meaning  set forth in Section 2.

     "Event"  shall  have  the  meaning  set  forth  in  Section  7(c).

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     "Event  Date"  shall  have  the  meaning  set  forth  in  Section  7(c).

     "Exchange  Act"  means  the  Securities  Exchange  Act of 1934, as amended.

     "Filing  Date"  means  the  30th  day  following  the  Closing  Date.

     "Holder" or "Holders" means the holder or holders, as the case may be, from
time  to  time  of  Registrable  Securities.

     "Indemnified  Party"  shall  have  the  meaning  set forth in Section 5(c).

     "Indemnifying  Party"  shall  have  the  meaning set forth in Section 5(c).

     "Losses"  shall  have  the  meaning  set  forth  in  Section  5(a).

     "Person"  means  an  individual  or  a  corporation,  partnership,  trust,
incorporated  or  unincorporated  association,  joint venture, limited liability
company,  joint stock company, government (or an agency or political subdivision
thereof)  or  other  entity  of  any  kind.

     "Proceeding"  means  an  action,  claim,  suit, investigation or proceeding
(including,  without limitation, an investigation or partial proceeding, such as
a  deposition),  whether  commenced  or  threatened.

     "Prospectus"  means  the  prospectus included in the Registration Statement
(including,  without  limitation,  a  prospectus  that  includes any information
previously  omitted from a prospectus filed as part of an effective registration
statement  in  reliance upon Rule 430A promulgated under the Securities Act), as
amended  or supplemented by any prospectus supplement, with respect to the terms
of  the  offering  of  any  portion of the Registrable Securities covered by the
Registration  Statement,  and  all  other  amendments  and  supplements  to  the
Prospectus,  including  post-effective amendments, and all material incorporated
by  reference  in  such  Prospectus.

     "Registrable  Securities"  means the shares of Common Stock issued pursuant
to  the  Subscription  Agreement,  and  upon  any  stock  split, stock dividend,
recapitalization  or  similar  event  with  respect  to  such  Common  Stock.

     "Registration  Statement"  means  the  registration  statements  and  any
additional registration statements contemplated by Section 2, including (in each
case)  the Prospectus, amendments and supplements to such registration statement
or  Prospectus,  including  pre-  and  post-effective  amendments,  all exhibits
thereto,  and  all  material  incorporated  by  reference  in  such registration
statement.

     "Rule  144"  means  Rule  144 promulgated by the Commission pursuant to the
Securities  Act,  as  such Rule may be amended from time to time, or any similar
rule  or regulation hereafter adopted by the Commission having substantially the
same  effect  as  such  Rule.

     "Rule  158"  means  Rule  158 promulgated by the Commission pursuant to the
Securities  Act,  as  such Rule may be amended from time to time, or any similar
rule  or regulation hereafter adopted by the Commission having substantially the
same  effect  as  such  Rule.

     "Rule  415"  means  Rule  415 promulgated by the Commission pursuant to the
Securities  Act,  as  such Rule may be amended from time to time, or any similar
rule  or regulation hereafter adopted by the Commission having substantially the
same  effect  as  such  Rule.

     "Securities  Act"  means  the  Securities  Act  of  1933,  as  amended.

     "Special  Counsel"  means any special counsel to the Holders, for which the
Holders  will  be  reimbursed  by  the  Company  pursuant  to  Section  4.

 2.  Shelf  Registration.

     On  or prior to the Filing Date the Company shall prepare and file with the
Commission  a "shelf" Registration Statement covering all Registrable Securities
for  an  offering  to  be  made on a continuous basis pursuant to Rule 415.  The
Registration  Statement shall be on Form SB-2 (except if the Company is not then
eligible  to  register  for  resale  the Registrable Securities on Form SB-2, in
which  case such registration shall be on another appropriate form in accordance
herewith).  The  Company  shall  use  its best efforts to cause the Registration
Statement  to  be  declared  effective  under  the Securities Act as promptly as
possible  after  the filing thereof, but in any event prior to the Effectiveness
Date,  and  to keep such Registration Statement continuously effective under the
Securities  Act  until  such  date  as  is  the earlier of (x) the date when all
Registrable  Securities covered by this Agreement have been sold or (y) the date
on  which  the Registrable Securities may be sold pursuant to Rule 144, assuming
that all Holders are not affiliates of the Company, as determined by the counsel
to  the  Company  (the  "Effectiveness  Period").

                                      -2-

 3.  Registration  Procedures.

     In  connection  with  the Company's registration obligations hereunder, the
Company  shall:

     (a)     Use  its best efforts to prepare and file with the Commission on or
prior  to  the  Filing  Date,  a  Registration Statement on Form SB-2 (or if the
Company  is  not then eligible to register for resale the Registrable Securities
on  Form  SB-2  such  registration  shall  be  on  another  appropriate  form in
accordance  herewith)  in  accordance with the method or methods of distribution
thereof  as  specified  by  the  Holders  (except  if  otherwise directed by the
Holders),  and  cause  the Registration Statement to become effective and remain
effective  as  provided  herein;  provided, however, that not less than five (5)
Business  Days  prior to the filing of the Registration Statement or any related
Prospectus  or  any amendment or supplement thereto (including any document that
would  be  incorporated  therein by reference), the Company shall (i) furnish to
the Holders and any Special Counsel, copies of all such documents proposed to be
filed,  which  documents  (other  than  those incorporated by reference) will be
subject  to  the review of such Holders and such Special Counsel, and (ii) cause
its officers and directors, counsel and independent certified public accountants
to respond to such inquiries as shall be necessary, in the reasonable opinion of
counsel  to  such  Holders,  to  conduct  a  reasonable investigation within the
meaning  of  the  Securities  Act.  The  Company shall not file the Registration
Statement  or  any  such  Prospectus or any amendments or supplements thereto to
which  the  Holders  of  a majority of the Registrable Securities or any Special
Counsel  shall  reasonably  object  in writing within three (3) Business Days of
their  receipt  thereof.

                                      -3-
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     (b)     (i) Prepare and file with the Commission such amendments, including
post-effective  amendments, to the Registration Statement as may be necessary to
keep  the  Registration  Statement  continuously  effective as to the applicable
Registrable  Securities  for  the  Effectiveness  Period; (ii) cause the related
Prospectus  to be amended or supplemented by any required Prospectus supplement,
and  as  so  supplemented  or  amended  to be filed pursuant to Rule 424 (or any
similar  provisions  then  in force) promulgated under the Securities Act; (iii)
respond  as  promptly  as possible, but in no event later than ten (10) Business
Days,  to  any  comments  received  from  the  Commission  with  respect  to the
Registration  Statement  or  any  amendment  thereto and as promptly as possible
provide  the  Holders true and complete copies of all correspondence from and to
the  Commission  relating  to the Registration Statement; and (iv) comply in all
material respects with the provisions of the Securities Act and the Exchange Act
with  respect  to  the  disposition of all Registrable Securities covered by the
Registration  Statement  during  the  applicable  period  in accordance with the
intended  methods  of  disposition  by  the  Holders  thereof  set  forth in the
Registration  Statement  as so amended or in such Prospectus as so supplemented.

     (c)     Notify  the  Holders  of  Registrable Securities to be sold and any
Special Counsel as promptly as possible (and, in the case of (i) below, not less
than  five  (5) days prior to such filing) and (if requested by any such Person)
confirm  such notice in writing no later than one (1) Business Day following the
day  (i)  when  a  Prospectus  or  any  Prospectus  supplement or post-effective
amendment  to  the  Registration  Statement  is  filed; (ii) when the Commission
notifies  the  Company  whether  there  will  be a "review" of such Registration
Statement  and  whenever the Commission comments in writing on such Registration
Statement;  and  (iii)  with  respect  to  the  Registration  Statement  or  any
post-effective  amendment,  when  the  same  has  become  effective.

     (d)     Use  its  best  efforts  to  avoid  the issuance of, or, if issued,
obtain  the  withdrawal  of  any  order  suspending  the  effectiveness  of  the
Registration  Statement.

     (e)     Promptly  deliver  to  each Holder and any Special Counsel, without
charge, as many copies of the Prospectus or Prospectuses (including each form of
prospectus)  and  each  amendment  or  supplement  thereto  as  such Persons may
reasonably  request;  and  the  Company  hereby  consents  to  the  use  of such
Prospectus  and  each  amendment  or  supplement  thereto by each of the selling
Holders  in  connection with the offering and sale of the Registrable Securities
covered  by  such  Prospectus  and  any  amendment  or  supplement  thereto.

                                      -4-
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     (f)     Prior  to  any  public  offering of Registrable Securities, use its
best  efforts  to  register or qualify or cooperate with the selling Holders and
any  Special  Counsel  in  connection with the registration or qualification (or
exemption  from  such  registration  or  qualification)  of  such  Registrable
Securities  for  offer  and  sale  under the securities or Blue Sky laws of such
jurisdictions  within  the  United  States as any Holder requests in writing, to
keep  each such registration or qualification (or exemption therefrom) effective
during  the  Effectiveness  Period  and  to  do any and all other acts or things
necessary  or  advisable  to enable the disposition in such jurisdictions of the
Registrable  Securities  covered by a Registration Statement; provided, however,
that  the  Company  shall not be required to qualify generally to do business in
any  jurisdiction  where  it is not then so qualified or to take any action that
would subject it to general service of process in any such jurisdiction where it
is  not  then  so subject or subject the Company to any material tax in any such
jurisdiction  where  it  is  not  then  so  subject.

     (g)     Cooperate with the Holders to facilitate the timely preparation and
delivery of certificates representing Registrable Securities to be sold pursuant
to a Registration Statement, which certificates shall be free of all restrictive
legends,  and  to enable such Registrable Securities to be in such denominations
and registered in such names as any Holder may request at least two (2) Business
Days prior to any sale of Registrable Securities.  If the Registrable Securities
may  not,  in  the  opinion  of Company's counsel, be issued without restrictive
legends  on  the  certificates pursuant to state securities laws, and the holder
refuses  to  make  such  accommodations  as  would  satisfy Company's counsel in
connection  with the issuance, the Company may issue the holder shares of Common
Stock  bearing  a  restrictive  legend.

     (h)  The  Company may require each selling Holder to furnish to the Company
information  regarding  such  Holder  and  the  distribution of such Registrable
Securities  as is required by law to be disclosed in the Registration Statement,
and the Company may exclude from such registration the Registrable Securities of
any  such  Holder  who  unreasonably  fails to furnish such information within a
reasonable  time  after  receiving  such  request.

     Each  Holder covenants and agrees that (i) it will not sell any Registrable
Securities  under the Registration Statement until it has received copies of the
Prospectus  as  then amended or supplemented as contemplated in Section 3(e) and
notice  from the Company that such Registration Statement and any post-effective
amendments  thereto  have  become  effective as contemplated by Section 3(c) and
(ii)  it and its officers, directors or Affiliates, if any, will comply with the
prospectus  delivery requirements of the Securities Act as applicable to them in
connection  with  sales  of  Registrable Securities pursuant to the Registration
Statement.

                                      -5-
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     Each  Holder agrees by its acquisition of such Registrable Securities that,
upon  receipt  of  a  notice  from  the  Company  of the occurrence of any event
suspending  the  effectiveness  of  the  Registration  Statement  or  otherwise
rendering  it  misleading  or  ineffective  with  respect  to  a  particular
jurisdiction,  such  Holder  will  forthwith  discontinue  disposition  of  such
Registrable  Securities  under  the  Registration  Statement until such Holder's
receipt  of  the copies of a supplemented Prospectus and/or amended Registration
Statement,  or until it is advised in writing (the "Advice") by the Company that
the  use  of  the applicable Prospectus may be resumed, and, in either case, has
received  copies of any additional or supplemental filings that are incorporated
or  deemed  to  be  incorporated by reference in such Prospectus or Registration
Statement.

     (i)     If  (i)  there  is  material  non-public  information regarding the
Company  which  the  Company's  Board  of  Directors  (the  "Board")  reasonably
determines  not  to  be in the Company's best interest to disclose and which the
Company  is  not  otherwise required to disclose, or (ii) there is a significant
business  opportunity  (including,  but  not  limited  to,  the  acquisition  or
disposition  of  assets  (other  than in the ordinary course of business) or any
merger,  consolidation,  tender offer or other similar transaction) available to
the  Company  which  the  Board reasonably determines not to be in the Company's
best  interest  to  disclose, then the Company may postpone or suspend filing or
effectiveness  of  a  registration  statement  for  a  period  not  to exceed 20
consecutive  days,  provided  that  the  Company may not postpone or suspend its
obligation under this Section 3(i) for more than 45 days in the aggregate during
any  12 month period; provided, however, that no such postponement or suspension
shall  be  permitted for consecutive 20 day periods, arising out of the same set
of  facts,  circumstances  or  transactions.

 4.  Registration  Expenses.

     All  fees  and  expenses  incident to the performance of or compliance with
this  Agreement by the Company, except as and to the extent specified in Section
4,  shall  be  borne by the Company whether or not the Registration Statement is
filed  or  becomes  effective  and whether or not any Registrable Securities are
sold  pursuant to the Registration Statement.  The fees and expenses referred to
in  the  foregoing  sentence  shall  include,  without  limitation,  (i)  all
registration  and  filing fees (including, without limitation, fees and expenses
(A)  with  respect to filings required to be made with the OTC Bulletin Board or
any  other  securities  exchange  or  market on which Registrable Securities are
required hereunder to be listed, (B) with respect to filings required to be made
with  the  National  Association  of  Securities  Dealers,  Inc.  and  the  NASD
Regulation,  Inc.  and  (C) in compliance with state securities or Blue Sky laws
(including,  without  limitation,  disbursements  of  counsel for the Holders in
connection  with  Blue  Sky qualifications of the Registrable Securities)), (ii)
printing  expenses  (including,  without  limitation,  expenses  of  printing
certificates  for  Registrable  Securities  and  of printing prospectuses if the
printing  of  prospectuses  is  requested  by  the  holders of a majority of the
Registrable Securities included in the Registration Statement), (iii) messenger,
telephone  and delivery expenses, (iv) fees and disbursements of counsel for the
Company,  (v) Securities Act liability insurance, if the Company so desires such
insurance,  and  (vi)  fees  and  expenses  of all other Persons retained by the
Company  in connection with the consummation of the transactions contemplated by
this  Agreement, including, without limitation, the Company's independent public
accountants  (including  the expenses of any comfort letters or costs associated
with  the  delivery  by  independent  public  accountants of a comfort letter or
comfort  letters).  In addition, the Company shall be responsible for all of its
internal  expenses  incurred  in  connection  with  the  consummation  of  the
transactions  contemplated by this Agreement (including, without limitation, all
salaries  and  expenses  of  its  officers  and  employees  performing  legal or
accounting  duties),  the  expense  of  any  annual audit, the fees and expenses
incurred  in  connection  with  the listing of the Registrable Securities on any
securities  exchange  as  required hereunder.  All fees and expenses incident to
the  performance  of or compliance with this Agreement by the Holders, except as
set  forth  above  in  this  Section 4, shall be borne by the Holders, including
without  limitation  fees  and  expenses of any Special Counsel for the Holders.

                                      -6-
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 5.  Indemnification.

     (a)  Indemnification by the Company. The Company shall, notwithstanding any
termination  of  this  Agreement,  indemnify  and hold harmless each Holder, the
officers,  directors,  agents,  brokers  (including  brokers  who offer and sell
Registrable  Securities  as  principal as a result of a pledge or any failure to
perform  under a margin call of Common Stock), investment advisors and employees
of each of them, each Person who controls any such Holder (within the meaning of
Section  15  of  the  Securities  Act or Section 20 of the Exchange Act) and the
officers,  directors,  agents  and employees of each such controlling Person, to
the  fullest  extent  permitted  by applicable law, from and against any and all
losses,  claims,  damages,  liabilities,  costs  (including, without limitation,
costs  of preparation and attorneys' fees) and expenses (collectively, "Losses")
(as  determined  by  a  court  of competent jurisdiction in a final judgment not
subject  to  appeal  or  review), as incurred, arising out of or relating to any
untrue  or  alleged  untrue  statement  of  a  material  fact  contained  in the
Registration  Statement,  any  Prospectus  or  any  form of prospectus or in any
amendment or supplement thereto or in any preliminary prospectus, or arising out
of  or  relating to any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein (in the case of
any  Prospectus or form of prospectus or supplement thereto, in the light of the
circumstances  under which they were made) not misleading, except to the extent,
but  only to the extent, that such untrue statements or omissions are based upon
information  regarding  such Holder or such other Indemnified Party furnished in
writing  to  the  Company  by  such  Holder  expressly  for  use  therein, which
information  was  reasonably  relied on by the Company for use therein or to the
extent  that  such  information relates to such Holder or such Holder's proposed
method  of distribution of Registrable Securities and was reviewed and expressly
approved  in  writing  by  such  Holder  expressly  for  use in the Registration
Statement,  such  Prospectus  or  such form of Prospectus or in any amendment or
supplement  thereto.  The  Company  shall  notify  the  Holders  promptly of the
institution, threat or assertion of any Proceeding of which the Company is aware
in  connection  with  the  transactions  contemplated  by  this  Agreement.

     (b)     Indemnification  by  Holders.  Each Holder shall, severally and not
jointly,  notwithstanding  any termination of this Agreement, indemnify and hold
harmless the Company, the directors, officers, agents and employees, each Person
who controls the Company (within the meaning of Section 15 of the Securities Act
and  Section  20  of  the  Exchange Act), and the directors, officers, agents or
employees  of  such  controlling  Persons,  to  the  fullest extent permitted by
applicable  law,  from  and  against  all  Losses  (as  determined by a court of
competent  jurisdiction in a final judgment not subject to appeal or review), as
incurred,  arising  out of or based upon any untrue statement of a material fact
contained  in  the  Registration  Statement,  any  Prospectus,  or  any  form of
prospectus,  or arising out of or based upon any omission or alleged omission of
a  material  fact  required  to  be  stated  therein  or  necessary  to make the
statements  therein  (in  the  case  of  any Prospectus or form of prospectus or
supplement  thereto,  in  the  light  of the circumstances under which they were
made)  not  misleading,  to the extent, but only to the extent, that such untrue
statements or omissions are contained in any information so furnished in writing
by  such  Holder  or  other  Indemnified  Party  to the Company specifically for
inclusion  or  for  determination  that  such information was not required to be
included  in  the  Registration  Statement  or  such  Prospectus  and  that such
information  was  reasonably  relied  upon  by  the  Company  for  use  in  the
Registration  Statement,  such  Prospectus  or such form of prospectus or to the
extent  that  such  information relates to such Holder or such Holder's proposed
method  of distribution of Registrable Securities and was reviewed and expressly
approved  in  writing  by  such  Holder  expressly  for  use in the Registration
Statement,  such  Prospectus  or  such  form  of  Prospectus.

                                      -7-
<PAGE>

     (c)  Conduct  of  Indemnification  Proceedings.  If any Proceeding shall be
brought  or  asserted  against  any  Person  entitled to indemnity hereunder (an
"Indemnified  Party"),  such  Indemnified Party promptly shall notify the Person
from  whom  indemnity  is  sought  (the "Indemnifying Party) in writing, and the
Indemnifying Party shall assume the defense thereof, including the employment of
counsel  reasonably satisfactory to the Indemnified Party and the payment of all
fees  and  expenses  incurred in connection with defense thereof; provided, that
the  failure  of any Indemnified Party to give such notice shall not relieve the
Indemnifying Party of its obligations or liabilities pursuant to this Agreement,
except  (and  only) to the extent that it shall be finally determined by a court
of  competent  jurisdiction  (which  determination  is  not subject to appeal or
further  review)  that  such  failure  shall  have  proximately  and  materially
adversely  prejudiced  the  Indemnifying  Party.

     An Indemnified Party shall have the right to employ separate counsel in any
such  Proceeding  and  to  participate  in the defense thereof, but the fees and
expenses  of  such  counsel shall be at the expense of such Indemnified Party or
Parties  unless:  (1)  the  Indemnifying Party has agreed in writing to pay such
fees  and  expenses; or (2) the Indemnifying Party shall have failed promptly to
assume  the  defense  of  such  Proceeding  and  to  employ  counsel  reasonably
satisfactory  to such Indemnified Party in any such Proceeding; or (3) the named
parties  to  any  such Proceeding (including any impleaded parties) include both
such  Indemnified  Party  and the Indemnifying Party, and such Indemnified Party
shall  have been advised by counsel (which shall be reasonably acceptable to the
Indemnifying  Party)  that a conflict of interest is likely to exist if the same
counsel  were to represent such Indemnified Party and the Indemnifying Party (in
which case, if such Indemnified Party notifies the Indemnifying Party in writing
that  it  elects  to  employ separate counsel at the expense of the Indemnifying
Party,  the  Indemnifying  Party  shall not have the right to assume the defense
thereof  and  such  counsel  shall be at the expense of the Indemnifying Party).
The  Indemnifying  Party  shall  not  be  liable  for any settlement of any such
Proceeding  effected  without  its  written  consent, which consent shall not be
unreasonably  withheld  or  delayed.  No  Indemnifying  Party shall, without the
prior  written  consent  of  the Indemnified Party, effect any settlement of any
pending  Proceeding in respect of which any Indemnified Party is a party, unless
such settlement includes an unconditional release of such Indemnified Party from
all  liability  on  claims  that  are  the  subject  matter  of such Proceeding.

     All  fees  and expenses of the Indemnified Party (including reasonable fees
and  expenses  to  the  extent  incurred  in  connection  with  investigating or
preparing  to  defend  such  Proceeding  in  a manner not inconsistent with this
Section)  shall  be  paid to the Indemnified Party, as incurred, within ten (10)
Business Days of written notice thereof to the Indemnifying Party (regardless of
whether it is ultimately determined that an Indemnified Party is not entitled to
indemnification  hereunder;  provided,  that  the Indemnifying Party may require
such  Indemnified  Party to undertake to reimburse all such fees and expenses to
the  extent  it  is finally judicially determined that such Indemnified Party is
not  entitled  to  indemnification  hereunder).

                                      -8-
<PAGE>

     (d) Contribution. If a claim for indemnification under Section 5(a) or 5(b)
is  unavailable  to  an  Indemnified  Party because of a failure or refusal of a
governmental  authority  to  enforce such indemnification in accordance with its
terms  (by  reason of public policy or otherwise), then each Indemnifying Party,
in  lieu  of indemnifying such Indemnified Party, shall contribute to the amount
paid  or  payable  by such Indemnified Party as a result of such Losses, in such
proportion  as  is appropriate to reflect the relative fault of the Indemnifying
Party  and  Indemnified  Party  in  connection  with  the actions, statements or
omissions  that  resulted in such Losses as well as any other relevant equitable
considerations.  The  relative  fault of such Indemnifying Party and Indemnified
Party  shall  be  determined  by  reference  to, among other things, whether any
action  in  question,  including  any  untrue  or  alleged untrue statement of a
material fact or omission or alleged omission of a material fact, has been taken
or  made  by,  or relates to information supplied by, such Indemnifying Party or
Indemnified  Party,  and  the  parties'  relative  intent,  knowledge, access to
information  and  opportunity  to  correct  or prevent such action, statement or
omission.  The amount paid or payable by a party as a result of any Losses shall
be  deemed to include, subject to the limitations set forth in Section 5(c), any
reasonable  attorneys'  or  other  reasonable  fees or expenses incurred by such
party in connection with any Proceeding to the extent such party would have been
indemnified  for  such  fees  or expenses if the indemnification provided for in
this  Section  was  available  to  such  party  in  accordance  with  its terms.

     The  parties  hereto  agree  that  it  would  not  be just and equitable if
contribution  pursuant  to  this  Section  5(d)  were  determined  by  pro  rata
allocation  or by any other method of allocation that does not take into account
the equitable considerations referred to in the immediately preceding paragraph.
No  Person guilty of fraudulent misrepresentation (within the meaning of Section
11(f)  of  the Securities Act) shall be entitled to contribution from any Person
who  was  not  guilty  of  such  fraudulent  misrepresentation.

     The  indemnity and contribution agreements contained in this Section are in
addition  to  any  liability  that  the  Indemnifying  Parties  may  have to the
Indemnified  Parties

  6. Rule  144.

     As long as any Holder owns Registrable Securities, the Company covenants to
timely  file  (or  obtain  extensions  in  respect  thereof  and file within the
applicable  grace  period) all reports required to be filed by the Company after
the  date  hereof  pursuant to Section 13(a) or 15(d) of the Exchange Act and to
promptly  furnish the Holders with true and complete copies of all such filings.
As  long  as  any  Holder  owns  Registrable  Securities,  if the Company is not
required to file reports pursuant to Section 13(a) or 15(d) of the Exchange Act,
it  will  prepare  and  furnish  to  the  Holders and make publicly available in
accordance  with  Rule  144(c)  promulgated  under the Securities Act annual and
quarterly  financial statements, together with a discussion and analysis of such
financial  statements  in form and substance substantially similar to those that
would  otherwise be required to be included in reports required by Section 13(a)
or 15(d) of the Exchange Act, as well as any other information required thereby,
in  the time period that such filings would have been required to have been made
under  the  Exchange  Act.  The Company further covenants that it will take such
further  action as any Holder may reasonably request, all to the extent required
from  time  to time to enable such Person to sell Registrable Securities without
registration  under  the  Securities Act within the limitation of the exemptions
provided  by  Rule 144 promulgated under the Securities Act, including providing
any legal opinions relating to such sale pursuant to Rule 144.  Upon the request
of  any Holder, the Company shall deliver to such Holder a written certification
of  a  duly  authorized  officer  as  to  whether  it  has  complied  with  such
requirements.

                                      -9-
<PAGE>

  7. Miscellaneous.

     (a)  Remedies.  In  the event of a breach by the Company or by a Holder, of
any  of  their  obligations under this Agreement, each Holder or the Company, as
the case may be, in addition to being entitled to exercise all rights granted by
law and under this Agreement, including recovery of damages, will be entitled to
specific  performance  of  its rights under this Agreement. The Company and each
Holder  agree  that monetary damages would not provide adequate compensation for
any losses incurred by reason of a breach by it of any of the provisions of this
Agreement  and  hereby  further  agrees  that,  in  the  event of any action for
specific  performance in respect of such breach, it shall waive the defense that
a  remedy  at  law  would  be  adequate.

     (b)  Piggy-Back  Registrations.  If  at  any  time  when  there  is  not an
effective  Registration  Statement  covering  the  Registrable  Securities,  the
Company  shall  determine to prepare and file with the Commission a registration
statement  relating  to an offering for its own account or the account of others
under the Securities Act of any of its equity securities, other than on Form S-4
or  Form  S-8  (each  as  promulgated  under  the  Securities Act) or their then
equivalents relating to equity securities to be issued solely in connection with
any  acquisition  of  any  entity  or  business or equity securities issuable in
connection  with stock option or other employee benefit plans, the Company shall
send  to  each  holder  of  Registrable  Securities  written  notice  of  such
determination  and,  if  within  ten (10) days after receipt of such notice, any
such  holder  shall  so  request  in  writing,  (which request shall specify the
Registrable  Securities  intended  to  be  disposed  of  by the Purchasers), the
Company  will cause the registration under the Securities Act of all Registrable
Securities which the Company has been so requested to register by the holder, to
the  extent requisite to permit the disposition of the Registrable Securities so
to  be  registered,  provided that if at any time after giving written notice of
its  intention to register any securities and prior to the effective date of the
registration  statement  filed in connection with such registration, the Company
shall  determine for any reason not to register or to delay registration of such
securities,  the  Company  may,  at  its  election,  give written notice of such
determination  to such holder and, thereupon, (i) in the case of a determination
not to register, shall be relieved of its obligation to register any Registrable
Securities  in connection with such registration (but not from its obligation to
pay  expenses  in  accordance  with Section 4 hereof), and (ii) in the case of a
determination  to delay registering, shall be permitted to delay registering any
Registrable  Securities  being  registered pursuant to this Section 7(b) for the
same period as the delay in registering such other securities. The Company shall
include  in  such  registration  statement  all  or any part of such Registrable
Securities  such  holder  requests to be registered; provided, however, that the
Company shall not be required to register any Registrable Securities pursuant to
this  Section  7(b)  that  are  eligible for sale pursuant to Rule 144(k) of the
Securities Act.  In the case of an underwritten public offering, if the managing
underwriter(s)  or  underwriter(s)  should reasonably object to the inclusion of
the  Registrable  Securities in such registration statement, then if the Company
after  consultation  with  the  managing underwriter should reasonably determine
that  the  inclusion  of such Registrable Securities, would materially adversely
affect  the  offering  contemplated in such registration statement, and based on
such  determination recommends inclusion in such registration statement of fewer
or  none  of  the  Registrable Securities of the Holders, then (x) the number of
Registrable  Securities  of  the Holders included in such registration statement
shall  be  reduced  pro-rata  among  such  Holders  (based  upon  the  number of
Registrable  Securities  requested  to  be included in the registration), if the
Company  after  consultation with the underwriter(s) recommends the inclusion of
fewer  Registrable  Securities, or (y) none of the Registrable Securities of the
Holders  shall  be included in such registration statement, if the Company after
consultation  with  the  underwriter(s) recommends the inclusion of none of such
Registrable  Securities; provided, however, that if Securities are being offered
for  the  account  of  other  persons  or  entities as well as the Company, such
reduction  shall  not  represent a greater fraction of the number of Registrable
Securities  intended  to  be offered by the Holders than the fraction of similar
reductions  imposed  on such other persons or entities (other than the Company).

                                      -10-
<PAGE>

     (c)  Failure  to  File Registration Statement and Other Events. The Company
and  the  Purchasers  agree  that  the  Holders  will  suffer  damages  if  the
Registration  Statement  is not declared effective by the Commission on or prior
to  the  Effectiveness  Date  and  maintained  in the manner contemplated herein
during  the Effectiveness Time or if certain other events occur. The Company and
the  Holders further agree that it would not be feasible to ascertain the extent
of  such  damages with precision. Accordingly, if (A) the Registration Statement
is  not  declared  effective  by the Commission on or prior to the Effectiveness
Date,  or  (B)  the  Company  fails  to  file  with the Commission a request for
acceleration  in  accordance  with Rule 461 promulgated under the Securities Act
within  five  (5) Business Days of the date that the Company is notified (orally
or  in  writing,  whichever  is  earlier)  by the Commission that a Registration
Statement  will  not be "reviewed," or not subject to further review, or (C) the
Registration  Statement  is  filed with and declared effective by the Commission
but  thereafter  ceases  to be effective as to all Registrable Securities at any
time  prior  to  the  expiration  of  the  Effectiveness  Period,  without being
succeeded  immediately  by  a  subsequent  Registration Statement filed with and
declared effective by the Commission, (any such failure or breach being referred
to  as  an  "Event," and for purposes of clause (A) the date on which such Event
occurs,  or for purposes of clause (B) the date on which such five day period is
exceeded,  or  for purposes of clause (C) after more than fifteen Business Days,
being  referred  to  as  "Event  Date"), the Company shall pay an amount, at the
Company's  election,  either  in  cash  or  in shares of registered Common Stock
(valued at the purchase price per share set forth in the Subscription Agreement)
as  liquidated  damages  to each Holder equal to 1% for the first calendar month
and  1.5% per calendar month thereafter of such Holder's purchase price paid for
the  Holder's  shares  of  Common  Stock  purchased pursuant to the Subscription
Agreement  and  then  outstanding  for  each  thirty  (30)  day period until the
applicable  Event has been cured, which shall be pro rated for such periods less
than  thirty  (30) days (the "Periodic Amount"). Payments to be made pursuant to
this  Section  7(c)  shall  be  due  and  payable immediately upon demand of the
Holders.  The  parties  agree  that  the Periodic Amount represents a reasonable
estimate  on  the  part of the parties, as of the date of this Agreement, of the
amount  of  damages  that  may  be  incurred  by the Holders if the Registration
Statement  is  not filed on or prior to the Filing Date or has not been declared
effective by the Commission on or prior to the Effectiveness Date and maintained
in  the  manner  contemplated  herein  during the Effectiveness Period or if any
other  Event  as  described  herein  has  occurred.

                                      -11-
<PAGE>

     (d) Amendments and Waivers. The provisions of this Agreement, including the
provisions  of  this sentence, may not be amended, modified or supplemented, and
waivers  or  consents to departures from the provisions hereof may not be given,
unless  the  same  shall be in writing and signed by the Company and each of the
Holders.  Notwithstanding  the foregoing, a waiver or consent to depart from the
provisions  hereof  with  respect  to  a  matter that relates exclusively to the
rights  of Holders and that does not directly or indirectly affect the rights of
other  Holders may be given by Holders of at least a majority of the Registrable
Securities  to which such waiver or consent relates; provided, however, that the
provisions of this sentence may not be amended, modified, or supplemented except
in  accordance  with  the  provisions  of  the  immediately  preceding sentence.

     (e)  Notices.  Any  and  all  notices or other communications or deliveries
required  or permitted to be provided hereunder shall be in writing and shall be
deemed  given  and  effective on the earlier of (i) the date of transmission, if
such  notice  or  communication  is  delivered  via  facsimile  at the facsimile
telephone number specified for notice prior to 5:00 p.m., New York City time, on
a  Business  Day,  (ii) the Business Day after the date of transmission, if such
notice  or  communication  is delivered via facsimile at the facsimile telephone
number  specified  for  notice  later than 5:00 p.m., New York City time, on any
date  and  earlier  than 11:59 p.m., New York City time, on such date, (iii) the
Business  Day  following  the  date of mailing, if sent by nationally recognized
overnight  courier  service  or  (iv)  actual  receipt by the party to whom such
notice  is  required to be given. The addresses for such communications shall be
with  respect to each Holder at its address set forth under its name on Schedule
1  attached  hereto,  or  with  respect  to  the  Company,  addressed  to:

                    HiEnergy  Technologies,  Inc.
                    10  Mauchly  Drive
                    Irvine,  California  92818
                    Attention:  President
                    Tel.  No.:  (949)  727-3389
                    Fax  No.:  (949)  727-3288

or to such other address or addresses or facsimile number or numbers as any such
party  may  most recently have designated in writing to the other parties hereto
by  such  notice.  Copies  of  notices  to  the Company shall be sent to QED Law
Group, P.L.L.C., 3200 NW 68th Street, Seattle, Washington 98117, Attention: Shea
Wilson, Tel No.: (206) 781-7887 , Fax No.: (206) 781-8002.  Any party hereto may
from  time  to  time  change its address for notices by giving at least ten (10)
days  written  notice  of  such  changed  address  to  the  other  party hereto.

     (f)  Successors and Assigns. This Agreement shall be binding upon and inure
to  the  benefit  of  the parties and their successors and permitted assigns and
shall  inure  to  the benefit of each Holder and its successors and assigns. The
Company  may  not  assign  this  Agreement  or  any of its rights or obligations
hereunder  without  the prior written consent of each Holder. Each Purchaser may
assign  its rights hereunder in the manner and to the Persons as permitted under
the  Subscription  Agreement.

                                      -12-
<PAGE>

     (g) Assignment of Registration Rights. The rights of each Holder hereunder,
including  the  right  to  have  the  Company  register  for  resale Registrable
Securities  in  accordance  with  the  terms  of  this  Agreement,  shall  be
automatically  assignable  by each Holder to any Affiliate of such Holder or any
other  Holder  or  Affiliate  of  any  other  Holder  of all or a portion of the
Registrable  Securities if: (i) the Holder agrees in writing with the transferee
or  assignee to assign such rights, and a copy of such agreement is furnished to
the Company within a reasonable time after such assignment, (ii) the Company is,
within  a  reasonable  time  after  such  transfer or assignment, furnished with
written  notice  of (a) the name and address of such transferee or assignee, and
(b)  the  securities  with  respect  to which such registration rights are being
transferred or assigned, (iii) following such transfer or assignment the further
disposition  of  such  securities  by  the transferee or assignees is restricted
under the Securities Act and applicable state securities laws, (iv) at or before
the  time the Company receives the written notice contemplated by clause (ii) of
this  Section,  the transferee or assignee agrees in writing with the Company to
be  bound  by  all  of the provisions of this Agreement, (v) such transfer shall
have  been  made  in accordance with the applicable requirements of the Purchase
Agreement,  and  (vi)  at  least  100,000  shares  of  Registrable  Securities
(appropriately  adjusted  for  any  stock  dividend, split or combination of the
Common Stock) are being transferred to such transferee or assignee in connection
with such assignment of rights. In addition, each Holder shall have the right to
assign  its  rights hereunder to any other Person with the prior written consent
of  the Company, which consent shall not be unreasonably withheld. The rights to
assignment  shall  apply  to  the  Holders  (and  to  subsequent) successors and
assigns.

     (h)  Counterparts.  This  Agreement  may  be  executed  in  any  number  of
counterparts,  each  of which when so executed shall be deemed to be an original
and, all of which taken together shall constitute one and the same Agreement. In
the  event  that  any  signature  is  delivered  by facsimile transmission, such
signature  shall create a valid binding obligation of the party executing (or on
whose behalf such signature is executed) the same with the same force and effect
as  if  such  facsimile  signature  were  the  original  thereof.

     (i)     Governing  Law.  This  Agreement shall be governed by and construed
in  accordance  with  the  laws  of  the  State of California, without regard to
principles  of  conflicts  of  law  thereof.

                                      -13-
<PAGE>

     (j)     Cumulative  Remedies.  The  remedies provided herein are cumulative
and  not  exclusive  of  any  remedies  provided  by  law.

     (k)     Severability.  If  any  term, provision, covenant or restriction of
this  Agreement  is  held  to  be invalid, illegal, void or unenforceable in any
respect,  the remainder of the terms, provisions, covenants and restrictions set
forth  herein  shall  remain  in  full  force  and effect and shall in no way be
affected,  impaired  or  invalidated,  and  the  parties  hereto shall use their
reasonable  efforts  to find and employ an alternative means to achieve the same
or  substantially  the same result as that contemplated by such term, provision,
covenant  or  restriction.  It  is  hereby  stipulated  and  declared  to be the
intention  of  the  parties  that  they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be
hereafter  declared  invalid,  illegal,  void  or  unenforceable.

     (l)     Headings.  The  headings  herein  are  for convenience only, do not
constitute  a  part of this Agreement and shall not be deemed to limit or affect
any  of  the  provisions  hereof.

     (m)     Shares Held by the Company and its Affiliates. Whenever the consent
or  approval  of  Holders of a specified percentage of Registrable Securities is
required hereunder, Registrable Securities held by the Company or its Affiliates
(other  than  any Holder or transferees or successors or assigns thereof if such
Holder  is  deemed  to  be an Affiliate solely by reason of its holdings of such
Registrable Securities) shall not be counted in determining whether such consent
or  approval  was  given  by  the  Holders  of  such  required  percentage.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -14-
<PAGE>

IN  WITNESS  WHEREOF,  the  parties  hereto have caused this Registration Rights
Agreement  to  be duly executed by their respective authorized persons as of the
date  first  indicated  above.

                                       HIENERGY  TECHNOLOGIES,  INC.

                                       By:_____________________________________

                                          Name:

                                          Title:

                                          PURCHASER

                                       By:_____________________________________

                                          Name:

                                          Title:

    (Please Print all Information, Including Applicable International Codes)

Name  of  Purchaser:    _______________________________________________________

Address  of  Purchaser: _______________________________________________________

                        _______________________________________________________

                        _______________________________________________________

Facsimile  No.:         _______________________________________________________

Phone  No.:             _______________________________________________________

Name  of  Contact  (if  entity): ______________________________________________

US  Taxpayer  ID:       _______________________________________________________

                                      -15-

<PAGE><PAGE>

                                  EXHIBIT 4.10

THIS  WARRANT  AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
NOT  BEEN  REGISTERED  UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
"SECURITIES  ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED
OR  OTHERWISE  DISPOSED  OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER
APPLICABLE  STATE  SECURITIES  LAWS  OR  HIENERGY  TECHNOLOGIES, INC. SHALL HAVE
RECEIVED  AN  OPINION  OF ITS COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER
THE  SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS
IS  NOT  REQUIRED.

                               WARRANT TO PURCHASE

                             SHARES OF COMMON STOCK

                                       OF

                           HIENERGY TECHNOLOGIES, INC.

                           Expires: __________________

No.:  __________                             Number  of  Shares:  _____________
Date  of  Issuance:                                               _____________

     FOR  VALUE  RECEIVED,  subject to the provisions hereinafter set forth, the
undersigned,  HiEnergy Technologies, Inc., a Delaware corporation (together with
its  successors  and  assigns,  the  "Issuer"),  hereby  certifies  that
_______________________________  or  its  registered  assigns  is  entitled  to
subscribe  for  and purchase, during the period specified in this Warrant, up to
___________________________  (____________)  shares  (subject  to  adjustment as
hereinafter  provided)  of  the  duly authorized, validly issued, fully paid and
non-assessable  Common Stock of the Issuer, at an exercise price per share equal
to  the  Warrant  Price  then in effect, subject, however, to the provisions and
upon  the terms and conditions hereinafter set forth.  Capitalized terms used in
this Warrant and not otherwise defined herein shall have the respective meanings
specified  in  Section  9  hereof.

     1.     Term.  The  right  to  subscribe  for and purchase shares of Warrant
Stock represented hereby shall commence on ____________________ and shall expire
at  5:00  p.m.,  eastern  time,  on  ____________________ (such period being the
"Term").

                                      -1-
<PAGE>
     2.  Method  of  Exercise  Payment;  Issuance  of  New Warrant; Transfer and
Exchange.

     (a)     Time  of Exercise.  The purchase rights represented by this Warrant
may  be  exercised  in whole or in part at any time and from time to time during
the  Term  commencing  on  __________________.

     (b)     Method  of  Exercise.  The Holder hereof may exercise this Warrant,
in  whole  or  in part, by the surrender of this Warrant (with the exercise form
attached hereto duly executed) at the principal office of the Issuer, and by the
payment  to  the  Issuer  of  an  amount  of consideration therefor equal to the
Warrant Price in effect on the date of such exercise multiplied by the number of
shares  of  Warrant  Stock  with  respect  to  which  this Warrant is then being
exercised, payable at such Holder's election by certified or official bank check
or  by  wire  transfer  to  an  account  designated  by  the  Issuer.

     (c)  Issuance  of  Stock  Certificates. In the event of any exercise of the
rights  represented  by this Warrant in accordance with and subject to the terms
and  conditions  hereof,  (i)  certificates  for  the shares of Warrant Stock so
purchased  shall  be dated the date of such exercise and delivered to the Holder
hereof within a reasonable time, not exceeding three (3) Trading Days after such
exercise,  and  the  Holder  hereof  shall  be deemed for all purposes to be the
Holder  of  the  shares  of  Warrant  Stock  so purchased as of the date of such
exercise  and  (ii)  unless this Warrant has expired, a new Warrant representing
the  number  of  shares  of  Warrant  Stock,  if any, with respect to which this
Warrant  shall not then have been exercised (less any amount thereof which shall
have  been  canceled  in  payment  or  partial  payment  of the Warrant Price as
hereinabove  provided) shall also be issued to the Holder hereof at the Issuer's
expense  within  such  time.

     (d)     Transferability  of Warrant.  Subject to Section 2(g), this Warrant
may  be  transferred  by  a  Holder  without  the  consent  of  the  Issuer.  If
transferred  pursuant  to  this  paragraph  and  subject  to  the  provisions of
subsection  (g)  of this Section 2, this Warrant may be transferred on the books
of  the  Issuer  by  the Holder hereof in person or by duly authorized attorney,
upon  surrender  of this Warrant at the principal office of the Issuer, properly
endorsed (by the Holder executing an assignment in the form attached hereto) and
upon  payment of any necessary transfer tax or other governmental charge imposed
upon such transfer.  This Warrant is exchangeable at the principal office of the
Issuer  for  Warrants for the purchase of the same aggregate number of shares of
Warrant  Stock,  each new Warrant to represent the right to purchase such number
of  shares  of Warrant Stock as the Holder hereof shall designate at the time of
such exchange.  All Warrants issued on transfers or exchanges shall be dated the
Original  Issue  Date  and shall be identical with this Warrant except as to the
number  of  shares  of  Warrant  Stock  issuable  pursuant  hereto.

                                      -2-

<PAGE>
     (e)  Continuing Rights of Holder. The Issuer will, at the time of or at any
time after each exercise of this Warrant, upon the request of the Holder hereof,
acknowledge  in  writing  the  extent,  if  any, of its continuing obligation to
afford  to  such  Holder  all  rights  to which such Holder shall continue to be
entitled  after  such  exercise  in  accordance  with the terms of this Warrant,
provided  that  if  any  such  Holder  shall  fail to make any such request, the
failure  shall not affect the continuing obligation of the Issuer to afford such
rights  to  such  Holder.

     (f)     Compliance  with  Securities  Laws.

          (i)  The  Holder  of  this Warrant, by acceptance hereof, acknowledges
that  this  Warrant  or  the  shares of Warrant Stock to be issued upon exercise
hereof  are  being  acquired  solely  for  the Holder's own account and not as a
nominee  for  any  other party, and for investment, and that the Holder will not
offer,  sell or otherwise dispose of this Warrant or any shares of Warrant Stock
to  be  issued upon exercise hereof except pursuant to an effective registration
statement,  or  an exemption from registration, under the Securities Act and any
applicable  state  securities  laws.

          (ii) Except as provided in paragraph (iii) below, this Warrant and all
certificates  representing  shares  of Warrant Stock issued upon exercise hereof
shall be stamped or imprinted with a legend in substantially the following form:

          THIS  WARRANT  AND  THE  SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
          HEREOF  HAVE  NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
          AMENDED  (THE  "SECURITIES  ACT") OR ANY STATE SECURITIES LAWS AND MAY
          NOT  BE  SOLD,  TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED
          UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR
          HIENERGY  TECHNOLOGIES,  INC.  SHALL  HAVE  RECEIVED AN OPINION OF ITS
          COUNSEL  THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT
          AND  UNDER  THE  PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT
          REQUIRED.

          (iii)  The  restrictions  imposed  by  this  subsection  (e)  upon the
transfer  of  this  Warrant  or the shares of Warrant Stock to be purchased upon
exercise  hereof shall terminate (A) when such securities shall have been resold
pursuant  to  an  effective registration statement under the Securities Act, (B)
upon  the  Issuer's  receipt  of  an  opinion  of counsel, in form and substance
reasonably  satisfactory  to  the  Issuer, addressed to the Issuer to the effect
that  such  restrictions  are  no  longer required to ensure compliance with the
Securities  Act  and  state  securities laws or (C) upon the Issuer's receipt of
other  evidence reasonably satisfactory to the Issuer that such registration and
qualification  under  the  Securities  Act  and  state  securities  laws are not
required.  Whenever  such  restrictions shall cease and terminate as to any such
securities,  the Holder thereof shall be entitled to receive from the Issuer (or
its  transfer  agent  and  registrar),  without  expense  (other than applicable
transfer  taxes,  if  any),  new  Warrants (or, in the case of shares of Warrant
Stock,  new  stock certificates) of like tenor not bearing the applicable legend
required  by  paragraph  (ii)  above  relating  to  the Securities Act and state
securities  laws.

                                      -3-
<PAGE>
     3.     Stock  Fully  Paid;  Reservation  and  Listing of Shares; Covenants.

     (a)     Stock  Fully  Paid.  The Issuer represents, warrants, covenants and
agrees that all shares of Warrant Stock which may be issued upon the exercise of
this  Warrant  or  otherwise  hereunder will, upon issuance, be duly authorized,
validly issued, fully paid and non-assessable and free from all taxes, liens and
charges  created  by or through Issuer.  The Issuer further covenants and agrees
that  during  the  period within which this Warrant may be exercised, the Issuer
will at all times have authorized and reserved for the purpose of the issue upon
exercise  of  this  Warrant  a  sufficient  number  of shares of Common Stock to
provide  for  the  exercise  of  this  Warrant.

     (b)     Reservation.  If any shares of Common Stock required to be reserved
for  issuance  upon  exercise of this Warrant or as otherwise provided hereunder
require  registration or qualification with any governmental authority under any
federal  or state law before such shares may be so issued, the Issuer will, upon
notice  from  the Holder of such requirement, in good faith use its best efforts
as  expeditiously  as  possible  at  its expense to cause such shares to be duly
registered or qualified.  If the Issuer shall list any shares of Common Stock on
any  securities  exchange  or  market  it  will,  at  its expense, list thereon,
maintain  and  increase  when  necessary such listing, of, all shares of Warrant
Stock  from  time  to  time issued upon exercise of this Warrant or as otherwise
provided  hereunder,  and,  to  the  extent  permissible  under  the  applicable
securities exchange rules, all unissued shares of Warrant Stock which are at any
time  issuable  hereunder,  so  long  as  any shares of Common Stock shall be so
listed.  The Issuer will also so list on each securities exchange or market, and
will  maintain  such  listing  of, any other securities which the Holder of this
Warrant shall be entitled to receive upon the exercise of this Warrant if at the
time  any  securities  of  the  same  class  shall  be listed on such securities
exchange  or  market  by  the  Issuer.

     (c)     Covenants.  The  Issuer  shall not by any action including, without
limitation,  amending  the  Certificate  of  Incorporation or the by-laws of the
Issuer,  or  through  any  reorganization,  transfer  of  assets, consolidation,
merger,  dissolution,  issue or sale of securities or any other action, avoid or
seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms
and  in  the  taking  of  all such actions as may be necessary or appropriate to
protect  the  rights  of  the  Holder  hereof  against  dilution  (to the extent
specifically provided herein) or impairment.  Without limiting the generality of
the  foregoing,  the  Issuer  will  (i) not permit the par value, if any, of its
Common  Stock  to  exceed  the  then  effective Warrant Price, (ii) not amend or
modify  any  provision  of  the  Certificate  of Incorporation or by-laws of the
Issuer  in  any  manner that would adversely affect the rights of the Holders of
the Warrants, (iii) take all such action as may be reasonably necessary in order
that  the  Issuer  may  validly  and  legally issue fully paid and nonassessable
shares  of  Common  Stock, free and clear of any liens, claims, encumbrances and
restrictions  (other than as provided herein) upon the exercise of this Warrant,
and  (iv)  use its best efforts to obtain all such authorizations, exemptions or
consents  from  any public regulatory body having jurisdiction thereof as may be
reasonably  necessary to enable the Issuer to perform its obligations under this
Warrant.

                                      -4-
<PAGE>

     (d)  Loss,  Theft,  Destruction  of  Warrants.  Upon  receipt  of  evidence
satisfactory  to the Issuer of the ownership of and the loss, theft, destruction
or  mutilation  of  any  Warrant  and,  in  the  case of any such loss, theft or
destruction,  upon  receipt  of indemnity or security satisfactory to the Issuer
or,  in the case of any such mutilation, upon surrender and cancellation of such
Warrant,  the  Issuer  will  make  and  deliver,  in  lieu of such lost, stolen,
destroyed or mutilated Warrant, a new Warrant of like tenor and representing the
right  to  purchase  the  same  number  of  shares  of  Common  Stock.

     4.     Adjustment of Warrant Price and Warrant Share Number.  The number of
shares  of  Common Stock for which this Warrant is exercisable, and the price at
which  such  shares  may  be  purchased  upon exercise of this Warrant, shall be
subject  to  adjustment  from  time  to time as set forth in this Section 4. The
Issuer  shall give the Holder notice of any event described below which requires
an  adjustment  pursuant  to  this  Section  4  in  accordance  with  Section 5.

     (a)     Recapitalization,  Reorganization, Reclassification, Consolidation,
Merger  or  Sale.

          (i)  In  case the Issuer after the Original Issue Date shall do any of
     the  following  (each, a "Triggering Event"): (a) consolidate with or merge
     into  any  other  Person  and  the  Issuer  shall  not be the continuing or
     surviving  corporation  of  such consolidation or merger, or (b) permit any
     other  Person  to  consolidate with or merge into the Issuer and the Issuer
     shall  be  the  continuing or surviving Person but, in connection with such
     consolidation  or  merger, any Capital Stock of the Issuer shall be changed
     into  or  exchanged for Securities of any other Person or cash or any other
     property,  or  (c)  transfer  all or substantially all of its properties or
     assets  to  any  other  Person,  or  (d) effect a capital reorganization or
     reclassification  of  its Capital Stock, then, and in the case of each such
     Triggering  Event,  proper  provision shall be made so that, upon the basis
     and  the  terms  and  in the manner provided in this Warrant, the Holder of
     this  Warrant  shall be entitled upon the exercise hereof at any time after
     the  consummation  of  such Triggering Event, to the extent this Warrant is
     not  exercised  prior  to  such Triggering Event, to receive at the Warrant
     Price  in  effect at the time immediately prior to the consummation of such
     Triggering Event in lieu of the Common Stock issuable upon such exercise of
     this  Warrant  prior  to  such  Triggering  Event, the Securities, cash and
     property  to  which  such  Holder  would  have  been  entitled  upon  the
     consummation  of  such  Triggering  Event  if such Holder had exercised the
     rights  represented  by  this Warrant immediately prior thereto, subject to
     adjustments  (subsequent  to such corporate action) as nearly equivalent as
     possible  to  the  adjustments  provided  for  elsewhere in this Section 4.

          (ii)  Notwithstanding  anything  contained  in  this  Warrant  to  the
     contrary,  the Issuer will not effect any Triggering Event if, prior to the
     consummation  thereof,  each  Person  (other  than the Issuer) which may be
     required  to  deliver any Securities, cash or property upon the exercise of
     this  Warrant  as  provided  herein  shall  assume,  by  written instrument
     delivered  to,  and reasonably satisfactory to, the Holder of this Warrant,
     (A)  the  obligations  of  the Issuer under this Warrant (and if the Issuer
     shall  survive  the  consummation of such Triggering Event, such assumption
     shall  be  in  addition  to,  and  shall  not  release the Issuer from, any
     continuing  obligations  of  the  Issuer  under  this  Warrant) and (B) the
     obligation  to  deliver  to  such Holder such shares of Securities, cash or
     property as, in accordance with the foregoing provisions of this subsection
     (a),  such  Holder shall be entitled to receive, and such Person shall have
     similarly  delivered  to such Holder an opinion of counsel for such Person,
     which counsel shall be reasonably satisfactory to such Holder, stating that
     this  Warrant  shall  thereafter  continue in full force and effect and the
     terms  hereof (including, without limitation, all of the provisions of this
     subsection  (a))  shall  be  applicable to the Securities, cash or property
     which  such  Person  may  be  required to deliver upon any exercise of this
     Warrant  or  the  exercise  of  any  rights  pursuant  hereto.

                                      -5-
<PAGE>

     (b)     Stock Dividends, Subdivisions and Combinations.  If at any time the
Issuer  shall:

                    (i) take a record of the holders of its Common Stock for the
purpose  of  entitling  them  to  receive  a  dividend  payable  in,  or  other
distribution  of,  shares  of  Common  Stock,

                    (ii) subdivide its outstanding shares of Common Stock into a
larger  number  of  shares  of  Common  Stock,  or

                    (iii)  combine its outstanding shares of Common Stock into a
smaller  number  of  shares  of  Common  Stock,

then  (1)  the  number  of  shares  of  Common  Stock  for which this Warrant is
exercisable immediately after the occurrence of any such event shall be adjusted
to  equal the number of shares of Common Stock which a record holder of the same
number  of  shares  of  Common  Stock  for  which  this  Warrant  is exercisable
immediately  prior  to  the occurrence of such event would own or be entitled to
receive  after  the  happening  of such event, and (2) the Warrant Price then in
effect  shall  be  adjusted  to  equal  (A)  the  Warrant  Price  then in effect
multiplied  by  the  number  of shares of Common Stock for which this Warrant is
exercisable  immediately  prior  to  the adjustment divided by (B) the number of
shares  of  Common Stock for which this Warrant is exercisable immediately after
such  adjustment.

     (c)     Warrant  Price  Adjustment.  In  the  event  that  the Registration
Statement  is  not  declared effective by the Securities and Exchange Commission
within  one  hundred  eighty  (180) days after the Original Issue Date, then for
each  thirty (30) day period thereafter, the Warrant Price for one-sixth (1/6th)
of  the number of shares of Warrant Stock issuable upon exercise of this Warrant
shall  be  adjusted  to  $.001  per  share.

                                      -6-

<PAGE>
     (d)     Form  of  Warrant after Adjustments.  The form of this Warrant need
not be changed because of any adjustments in the Warrant Price or the number and
kind  of  Securities  purchasable  upon  the  exercise  of  this  Warrant.

     (e)     Escrow  of  Warrant  Stock.  If  after  any  property  becomes
distributable  pursuant  to this Section 4 by reason of the taking of any record
of  the  holders  of  Common Stock, but prior to the occurrence of the event for
which  such  record is taken, and the Holder exer-cises this Warrant, any shares
of  Common  Stock  issuable  upon exercise by reason of such adjustment shall be
deemed  the  last  shares  of  Common  Stock for which this Warrant is exercised
(notwithstanding  any other provision to the contrary herein) and such shares or
other property shall be held in escrow for the Holder by the Issuer to be issued
to  the  Holder upon and to the extent that the event actually takes place, upon
payment  of  the  current Warrant Price.  Notwithstanding any other provision to
the contrary herein, if the event for which such record was taken fails to occur
or  is rescinded, then such escrowed shares shall be cancelled by the Issuer and
escrowed  property  returned.

     5.     Notice  of Adjustments.  Whenever the Warrant Price or Warrant Share
Number  shall  be  adjusted  pursuant  to Section 4 hereof (for purposes of this
Section  5,  each  an  "adjustment"), the Issuer shall cause its Chief Financial
Officer  to  prepare  and  execute  a  certificate  setting forth, in reasonable
detail,  the  event  requiring the adjustment, the amount of the adjustment, the
method  by  which such adjustment was calculated (including a description of the
basis  on  which  the  Board  made any determination hereunder), and the Warrant
Price and Warrant Share Number after giving effect to such adjustment, and shall
cause  copies  of such certificate to be delivered to the Holder of this Warrant
promptly  after  each adjustment.  Any dispute between the Issuer and the Holder
of this Warrant with respect to the matters set forth in such certificate may at
the  option  of  the  Holder of this Warrant be submitted to one of the national
accounting  firms  currently  known  as  the  "big five" selected by the Holder,
provided  that  the Issuer shall have ten (10) days after receipt of notice from
such  Holder of its selection of such firm to object thereto, in which case such
Holder shall select another such firm and the Issuer shall have no such right of
objection.  The  firm  selected by the Holder of this Warrant as provided in the
preceding  sentence  shall be instructed to deliver a written opinion as to such
matters  to  the Issuer and such Holder within thirty (30) days after submission
to  it  of such dispute.  Such opinion shall be final and binding on the parties
hereto.

     6.     Fractional  Shares.  No  fractional  shares of Warrant Stock will be
issued  in  connection  with and exercise hereof, but in lieu of such fractional
shares,  the  Issuer  shall  make a cash payment therefor equal in amount to the
product of the applicable fraction multiplied by the Per Share Market Value then
in  effect.

     7.     Call.  Notwithstanding  anything  herein to the contrary, commencing
any  time  after the effectiveness of the registration statement registering the
Warrant  Stock,  the  Issuer,  at its option, may call up to one hundred percent
(100%)  of  this  Warrant  if the Per Share Market Value of the Common Stock has
been  equal  to  or  greater  than  $4.00  per  share  for  a period of ten (10)
consecutive  Trading  Days immediately prior to the date of delivery of the Call
Notice  (a "Call Notice Period") by providing the Holder of this Warrant written
notice  pursuant  to  Section  13  (the  "Call  Notice");  provided,  that  the
Registration  Statement  has  been  declared  effective  and has been effective,
without  lapse  or  suspension  of  any  kind,  during  the  Call Notice Period;
provided,  further,  that  the Registration Statement must be effective from the
date of delivery of the Call Notice until the 20th day after the Holder receives
the  Call  Notice  (the  "Early  Termination  Date").  The rights and privileges
granted  pursuant  to  this  Warrant with respect to the shares of Warrant Stock
subject  to  the  Call  Notice (the "Called Warrant Shares") shall expire on the
Early  Termination  Date  if  this Warrant is not exercised with respect to such
Called  Warrant  Shares prior to such Early Termination Date.  In the event this
Warrant  is  not exercised with respect to the Called Warrant Shares, the Issuer
shall  remit to the Holder of this Warrant (i) $.01 per Called Warrant Share and
(ii)  a  new Warrant representing the number of shares of Warrant Stock, if any,
which  shall  not have been subject to the Call Notice upon the Holder tendering
to  the  Issuer  the  applicable  Warrant  certificate.

                                      -7-
<PAGE>

     8.  Ownership  Cap  and  Certain Exercise Restrictions. (a) Notwithstanding
anything  to  the contrary set forth in this Warrant, at no time may a holder of
this Warrant exercise this Warrant if the number of shares of Common Stock to be
issued  pursuant  to  such exercise would exceed, when aggregated with all other
shares  of  Common Stock owned by such holder at such time, the number of shares
of Common Stock which would result in such holder owning more than 4.999% of all
of  the  Common  Stock  outstanding at such time; provided, however, that upon a
holder  of  this  Warrant  providing  the Issuer with sixty-one (61) days notice
(pursuant  to  Section  13  hereof) (the "Waiver Notice") that such holder would
like to waive this Section 8(a) with regard to any or all shares of Common Stock
issuable upon exercise of this Warrant, this Section 8(a) will be of no force or
effect  with  regard to all or a portion of the Warrant referenced in the Waiver
Notice;  provided,  further, that this provision shall be of no further force or
effect  during  the  sixty-one (61) days immediately preceding the expiration of
the  term  of this Warrant; provided, further, that the Holder shall be entitled
to  waive  this  provision  immediately  in connection with the exercise of this
Warrant  with  respect  to  Called  Warrant  Shares.

          (b)  The  Holder  may not exercise the Warrant hereunder to the extent
such  exercise  would result in the Holder beneficially owning (as determined in
accordance  with  Section 13(d) of the Exchange Act and the rules thereunder) in
excess  of  9.999%  of  the  then issued and outstanding shares of Common Stock,
including  shares issuable upon exercise of the Warrant held by the Holder after
application  of  this  Section;  provided,  however,  that upon a holder of this
Warrant  providing  the Company with a Waiver Notice that such holder would like
to  waive  this  Section  8(b)  with regard to any or all shares of Common Stock
issuable  upon  exercise of this Warrant, this Section 8(b) shall be of no force
or  effect with regard to those shares of Warrant Stock referenced in the Waiver
Notice;  provided,  further, that this provision shall be of no further force or
effect  during  the  sixty-one (61) days immediately preceding the expiration of
the  term  of this Warrant; provided, further, that the Holder shall be entitled
to  waive  this  provision  immediately  in connection with the exercise of this
Warrant  with  respect  to  Called  Warrant  Shares.

     9.     Definitions.  For  the purposes of this Warrant, the following terms
have  the  following  meanings:

          "Certificate  of Incorporation" means the Certificate of Incorporation
of  the  Issuer  as  in effect on the Original Issue Date, and as hereafter from
time  to time amended, modified, supplemented or restated in accordance with the
terms  hereof  and  thereof  and  pursuant  to  applicable  law.

                                      -8-
<PAGE>
          "Board"  shall  mean  the  Board  of  Directors  of  the  Issuer.

          "Capital  Stock" means and includes (i) any and all shares, interests,
participations  or  other  equivalents  of  or interests in (however designated)
corporate  stock,  including,  without  limitation,  shares  of  preferred  or
preference stock, (ii) all partnership interests (whether general or limited) in
any  Person  which  is  a partnership, (iii) all membership interests or limited
liability  company  interests  in  any  limited  liability company, and (iv) all
equity  or  ownership  interests  in  any  Person  of  any  other  type.

          "Common  Stock" means the Common Stock, par value $0.001 per share, of
the  Issuer  and  any other Capital Stock into which such stock may hereafter be
changed.

          "Governmental  Authority"  means  any  governmental,  regulatory  or
self-regulatory  entity,  department,  body,  official,  authority,  commission,
board,  agency  or instrumentality, whether federal, state or local, and whether
domestic  or  foreign.

          "Holders"  mean  the  Persons  who  shall  from  time  to time own any
Warrant.  The  term  "Holder"  means  one  of  the  Holders.

          "Independent  Appraiser"  means  a  nationally  recognized  or  major
regional  investment  banking  firm  or  firm  of  independent  certified public
accountants  of  recognized  standing  (which  may  be  the  firm that regularly
examines  the  financial  statements of the Issuer) that is regularly engaged in
the  business of appraising the Capital Stock or assets of corporations or other
entities  as  going concerns, and which is not affiliated with either the Issuer
or  the  Holder  of  any  Warrant.

          "Issuer"  means HiEnergy Technologies, Inc., a Washington corporation,
and  its  successors.

          "Majority  Holders"  means  at  any  time  the  Holders  of  Warrants
exercisable  for  a  majority  of the shares of Warrant Stock issuable under the
Warrants  at  the  time  outstanding.

          "Original  Issue  Date"  means  __________________.

          "OTC  Bulletin  Board"  means the over-the-counter electronic bulletin
board.

          "Other  Common"  means  any  other  Capital Stock of the Issuer of any
class  which  shall  be  authorized  at  any time after the date of this Warrant
(other  than  Common Stock) and which shall have the right to participate in the
distribution  of  earnings  and  assets  of  the Issuer without limitation as to
amount.

                                      -9-
<PAGE>
          "Person"  means an individual, corporation, limited liability company,
partnership,  joint  stock  company,  trust,  unincorporated organization, joint
venture,  Governmental  Authority  or  other  entity  of  whatever  nature.

          "Per  Share Market Value" means on any particular date (a) the closing
bid  price  for  a  share  of  Common  Stock  in the over-the-counter market, as
reported  by  the  OTC  Bulletin  Board  or  in  the  National  Quotation Bureau
Incorporated  (or  similar organization or agency succeeding to its functions of
reporting  prices),  or  as  reported by such other senior United States trading
facility  as the Issuer may elect, at the close of business on such date, or (b)
if  the  Common  Stock  is  not  then  reported by the OTC Bulletin Board or the
National  Quotation  Bureau  Incorporated  (or  similar  organization  or agency
succeeding  to its functions of reporting prices) or by such other senior United
States  trading  facility as the Issuer may elect, then the average of the "Pink
Sheet" quotes for the relevant conversion period, as determined in good faith by
the  Board,  or  (c)  if  the  Common Stock is not then publicly traded the fair
market  value  of  a  share  of  Common Stock as determined by the Board in good
faith;  provided,  however,  that  the  Majority  Holders,  after receipt of the
determination  by  the  Board,  shall have the right to select, jointly with the
Issuer,  an Independent Appraiser, in which case, the fair market value shall be
the  determination by such Independent Appraiser; and provided, further that all
determinations of the Per Share Market Value shall be appropriately adjusted for
any  stock  dividends,  stock  splits  or other similar transactions during such
period.  The  determination  of  fair  market value shall be based upon the fair
market  value  of  the  Issuer  determined on a going concern basis as between a
willing  buyer and a willing seller and taking into account all relevant factors
determinative  of  value,  and  shall  be  final  and binding on all parties. In
determining  the  fair  market  value  of  any  shares  of  Common  Stock,  no
consideration shall be given to any restrictions on transfer of the Common Stock
imposed by agreement or by federal or state securities laws, or to the existence
or  absence  of,  or  any  limitations  on,  voting  rights.

          "Subscription  Agreement" means the Subscription Agreement dated as of
____________________  between the Issuer and the subscribing party thereto.

          "Registration Statement" means the registration statement on Form SB-2
registering  the Warrant Stock and shares of Common Stock issued pursuant to the
Subscription  Agreement.

          "Securities"  means  any  debt  or  equity  securities  of the Issuer,
whether  now  or  hereafter  authorized,  any  instrument  convertible  into  or
exchangeable  for  Securities  or  a  Security, and any option, warrant or other
right  to  purchase  or  acquire  any  Security.  "Security"  means  one  of the
Securities.

          "Securities  Act" means the Securities Act of 1933, as amended, or any
similar  federal  statute  then  in  effect.
                                      -10-
<PAGE>
          "Subsidiary"  means  any corporation at least 50% of whose outstanding
Voting  Stock shall at the time be owned directly or indirectly by the Issuer or
by  one  or  more  of  its Subsidiaries, or by the Issuer and one or more of its
Subsidiaries.

          "Term"  has  the  meaning  specified  in  Section  1  hereof.

          "Trading  Day"  means (a) a day on which the Common Stock is traded on
the  OTC  Bulletin  Board,  or  (b) if the Common Stock is not traded on the OTC
Bulletin  Board,  a  day  on  which  the  Common  Stock  is  quoted  in  the
over-the-counter  market  as  reported  by  the  National  Quotation  Bureau
Incorporated  (or any similar organization or agency succeeding its functions of
reporting  prices) or such other senior United States trading facility as in the
issuer  may elect; provided, however, that in the event that the Common Stock is
not  listed  or quoted as set forth in (a) or (b) hereof, then Trading Day shall
mean  any day except Saturday, Sunday and any day which shall be a legal holiday
or  a  day on which banking institutions in the State of New York are authorized
or  required  by  law  or  other  government  action  to  close.

          "Voting  Stock"  means,  as  applied  to  the  Capital  Stock  of  any
corporation,  Capital  Stock of any class or classes (however designated) having
ordinary voting power for the election of a majority of the members of the Board
of  Directors  (or other governing body) of such corporation, other than Capital
Stock  having  such  power  only  by  reason  of the happening of a contingency.

          "Warrants"  means  the  Warrants  issued  and  sold  pursuant  to  the
Subscription  Agreement,  including,  without  limitation, this Warrant, and any
other  warrants of like tenor issued in substitution or exchange for any thereof
pursuant  to  the  provisions  of Section 2(c), 2(d) or 2(e) hereof or of any of
such  other  Warrants.

          "Warrant  Price"  initially  means  U.S.  $2.50,  as such price may be
adjusted  from  time  to  time as shall result from the adjustments specified in
this  Warrant,  including  Section  4  hereto.

          "Warrant  Share  Number"  means  at  any  time the aggregate number of
shares  of  Warrant  Stock  which may at such time be purchased upon exercise of
this  Warrant,  after giving effect to all prior adjustments to such number made
or  required  to  be  made  under  the  terms  hereof.

          "Warrant  Stock"  means  Common  Stock  issuable  upon exercise of any
Warrant  or  Warrants or otherwise issuable pursuant to any Warrant or Warrants.

     10.     Other  Notices.  In  case  at  any  time:

                              (A) the Issuer shall make any distributions to the
                                  holders  of  Common  Stock;  or
                                      -11-

<PAGE>

                              (B) the Issuer shall authorize the granting to all
                                  holders  of  its  Common  Stock  of rights to
                                  subscribe  for  or  purchase  any  shares  of
                                  Capital  Stock  of any class or other rights;
                                  or

                              (C) there  shall  be  any reclassification of the
                                  Capital  Stock  of  the  Issuer;  or

                              (D) there  shall be any capital reorganization by
                                  the  Issuer;  or

                              (E) there shall be any (i) consolidation or merger
                                  involving  the  Issuer or (ii) sale, transfer
                                  or  other disposition of all or substantially
                                  all  of  the  Issuer's  property,  assets  or
                                  business  (except  a  merger  or  other
                                  reorganization  in  which the Issuer shall be
                                  the  surviving  corporation and its shares of
                                  Capital  Stock  shall  continue  to  be
                                  outstanding  and  unchanged  and  except  a
                                  consolidation,  merger,  sale,  transfer  or
                                  other  disposition  involving  a wholly-owned
                                  Subsidiary);  or

                              (F) there  shall  be  a  voluntary or involuntary
                                  dissolution, liquidation or winding-up of the
                                  Issuer  or  any  partial  liquidation  of the
                                  Issuer  or  distribution to holders of Common
                                  Stock;

then,  in each of such cases, the Issuer shall give written notice to the Holder
of  the  date on which (i) the books of the Issuer shall close or a record shall
be  taken  for  such  dividend, distribution or subscription rights or (ii) such
reorganization,  reclassification,  consolidation,  merger,  disposition,
dissolution,  liquidation  or  winding-up, as the case may be, shall take place.
Such  notice also shall specify the date as of which the holders of Common Stock
of  record  shall  participate  in  such  dividend, distribution or subscription
rights, or shall be entitled to exchange their certificates for Common Stock for
securities  or  other  property  deliverable  upon  such  reorganization,
reclassification,  consolidation,  merger, disposition, dissolution, liquidation
or  winding-up,  as the case may be.  Such notice shall be given at least twenty
(20)  days  prior  to  the action in question and not less than twenty (20) days
prior  to  the  record date or the date on which the Issuer's transfer books are
closed  in  respect  thereto.  The  Holder  shall have the right to send two (2)
representatives  selected  by  it  to  each  meeting,  who shall be permitted to
attend,  but  not  vote  at,  such  meeting  and any adjournments thereof.  This
Warrant  entitles  the  Holder  to  receive  copies  of  all financial and other
information  distributed  or  required  to  be distributed to the holders of the
Common  Stock.

     11.     Amendment  and  Waiver.  Any term, covenant, agreement or condition
in  this  Warrant  may be amended, or compliance therewith may be waived (either
generally  or  in  a  particular  instance  and  either  retroactively  or
prospectively),  by  a written instrument or written instruments executed by the
Issuer  and  the  Majority Holders; provided, however, that no such amendment or
waiver  shall  reduce  the  Warrant  Share  Number,  increase the Warrant Price,
shorten  the  period  during  which  this Warrant may be exercised or modify any
provision  of this Section 11 without the consent of the Holder of this Warrant.

                                      -12-

<PAGE>

     12.     Governing  Law.  THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH  THE  LAWS  OF  THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO
PRINCIPLES  OF  CONFLICTS  OF  LAW.

     13.     Notices.  Any and all notices or other communications or deliveries
required  or permitted to be provided hereunder shall be in writing and shall be
deemed  given  and  effective on the earlier of (i) the date of transmission, if
such  notice  or  communication  is  delivered  via  facsimile  at the facsimile
telephone  number  specified  for  notice prior to 5:00 p.m., eastern time, on a
Trading Day, (ii) the Trading Day after the date of transmission, if such notice
or  communication  is  delivered via facsimile at the facsimile telephone number
specified for notice later than 5:00 p.m., eastern time, on any date and earlier
than 11:59 p.m., eastern time, on such date, (iii) the Trading Day following the
date  of  mailing, if sent by nationally recognized overnight courier service or
(iv)  actual  receipt  by the party to whom such notice is required to be given.
The  addresses  for  such  communications shall be with respect to the Holder of
this  Warrant  or  of  Warrant  Stock  issued pursuant hereto, addressed to such
Holder  at  its last known address or facsimile number appearing on the books of
the  Issuer  maintained  for  such  purposes,  or  with  respect  to the Issuer,
addressed  to:

                         HiEnergy  Technologies,  Inc.
                         1601  Alton  Parkway,  Unit  B
                         Irvine,  California  92606
                         Attention:  President
                         Tel.  No.:  (949)  757-0855
                         Fax  No.:  (949)  757-1477

     with  a  copy  to:  QED  Law  Group,  P.L.L.C.
                         3200  NW  68th  Street
                         Seattle,  Washington  98117
                         Attention:  Shea  Wilson,  Esq.
                         Tel  No.:  (206)  781-7887
                         Fax  No.:  (206)  781-8002

Any  party hereto may from time to time change its address for notices by giving
at least ten (10) days written notice of such changed address to the other party
hereto.

     14.     Warrant Agent.  The Issuer may, by written notice to each Holder of
this  Warrant,  appoint  an agent having an office in New York, New York for the
purpose  of  issuing  shares  of  Warrant  Stock on the exercise of this Warrant
pursuant to subsection (b) of Section 2 hereof, exchanging this Warrant pursuant
to  subsection  (d)  of  Section  2 hereof or replacing this Warrant pursuant to
subsection  (d) of Section 3 hereof, or any of the foregoing, and thereafter any
such  issuance,  exchange  or  replacement, as the case may be, shall be made at
such  office  by  such  agent.

                                      -13-

<PAGE>

     15.     Remedies.  The  Issuer  stipulates  that the remedies at law of the
Holder  of this Warrant in the event of any default or threatened default by the
Issuer in the performance of or compliance with any of the terms of this Warrant
are  not  and  will not be adequate and that, to the fullest extent permitted by
law,  such  terms  may  be  specifically  enforced  by a decree for the specific
performance  of  any  agreement  contained  herein or by an injunction against a
violation  of  any  of  the  terms  hereof  or  otherwise.

     16.     Successors  and  Assigns.  This  Warrant  and  the rights evidenced
hereby  shall  inure  to  the  benefit of and be binding upon the successors and
assigns of the Issuer, the Holder hereof and (to the extent provided herein) the
Holders of Warrant Stock issued pursuant hereto, and shall be enforceable by any
such  Holder  or  Holder  of  Warrant  Stock.

     17.     Modification  and Severability.  If, in any action before any court
or  agency  legally  empowered  to  enforce  any provision contained herein, any
provision  hereof  is  found  to  be unenforceable, then such provision shall be
deemed  modified to the extent necessary to make it enforceable by such court or
agency.  If  any such provision is not enforceable as set forth in the preceding
sentence,  the  unenforceability  of  such  provision shall not affect the other
provisions  of  this  Warrant,  but  this  Warrant shall be construed as if such
unenforceable  provision  had  never  been  contained  herein.

     18.     Headings.  The  headings  of  the  Sections of this Warrant are for
convenience  of  reference only and shall not, for any purpose, be deemed a part
of  this  Warrant.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -14-
<PAGE>

     IN  WITNESS WHEREOF, the Issuer has executed this Warrant as of the day and
year  first  above  written.

                              HIENERGY  TECHNOLOGIES,  INC.

                              By:

                                    Name:     Tom  Pascoe

                                    Title:     CEO  and  President

                                      -15-

<PAGE>

                                  EXERCISE FORM

                           HIENERGY TECHNOLOGIES, INC.

The  undersigned  _______________,  pursuant  to  the  provisions  of the within
Warrant,  hereby  elects  to  purchase  _____ shares of Common Stock of HiEnergy
Technologies,  Inc.  covered  by  the  within  Warrant.

Dated:  _________________          Signature     ___________________________

                                   Address       _____________________
                                                 _____________________

                                   ASSIGNMENT

FOR  VALUE  RECEIVED, _________________ hereby sells, assigns and transfers unto
__________________  the within Warrant and all rights evidenced thereby and does
irrevocably constitute and appoint _____________, attorney, to transfer the said
Warrant  on  the  books  of  the  within  named  corporation.

Dated:  _________________          Signature     ___________________________

                                   Address       _____________________
                                                 _____________________

                               PARTIAL ASSIGNMENT

FOR  VALUE  RECEIVED, _________________ hereby sells, assigns and transfers unto
__________________  the  right  to  purchase  _________  shares of Warrant Stock
evidenced  by  the  within  Warrant  together  with all rights therein, and does
irrevocably  constitute  and  appoint ___________________, attorney, to transfer
that  part  of  the  said  Warrant on the books of the within named corporation.

Dated:  _________________          Signature     ___________________________

                                   Address       _____________________
                                                 _____________________

                           FOR USE BY THE ISSUER ONLY:

This  Warrant  No. W-_____ canceled (or transferred or exchanged) this _____ day
of  ___________,  _____,  shares  of Common Stock issued therefor in the name of
_______________,  Warrant  No. W-_____ issued for ____ shares of Common Stock in
the  name  of  _______________.

                                     -16-
<PAGE>

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