Document:

FORM OF DEBENTURE

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"), WITH THE UNITED STATES SECURITIES AND
EXCHANGE COMMISSION OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTIONS.
THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND
MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE
APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN
FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS.

                       ELECTRONIC SENSOR TECHNOLOGY, INC.
                             (a Nevada corporation)

                       9% DEBENTURE with attached warrant

Issue Date: March 1,2010                                                $200,000
Maturity Date: February 28, 2011

     This 9% DEBENTURE (this "Debenture") is issued by ELECTRONIC SENSOR
TECHNOLOGY, INC., a Nevada corporation (the "Company"). FOR VALUE RECEIVED, the
Company promises to pay to HALFMOON BAY CAPITAL LTD, a British Virgin Islands
company (together with its registered successors and assigns, the "Holder"), the
principal sum of $200,000 on or before the Maturity Date, together with interest
in the amounts and at the times set forth below. The Company grants the Holder a
security interest in all of the tangible and intangible property owned by
Electronic Sensor Technology. For property encumbered by a senior lien or
security interest Electronic Sensor Technology hereby grants Holder a
subordinated security interest in the property.

     Interest; Redemption.

     (a) Interest. Interest shall accrue on the unpaid principal balance of this
Debenture from the Issue Date to but excluding the Maturity Date at a rate per
annum of nine percent (9%), calculated on the basis of a 365 day year and shall
be payable in arrears on each Interest Payment Date (as defined below) for the
period commencing on the immediately preceding Interest Payment Date (or, in the
case of the first Interest Payment Date, commencing on the Issue Date) and
ending on the calendar day immediately preceding such Interest Payment Date. As
used herein, "Interest Payment Date" means (i) each date of prepayment, in
respect of the principal amount of this Debenture that is being prepaid; and
(ii) the date on which the principal amount of this Debenture is due in full
(whether at maturity, by acceleration or otherwise).

     (b) Principal. The unpaid principal amount of this Debenture shall be due
and payable on the Maturity Date.

     (c) Payments. Principal and interest on this Debenture less any amounts
required to be withheld by any tax authority with jurisdiction over the Company
(the "Withheld Amounts")
<PAGE>
shall be paid to the Holder in United States Dollars by wire transfer of
immediately available funds to such account located within the continental
United States of America as the Holder may notify the Company in writing from
time to time. The Company shall pay all Withheld Amounts to the applicable
taxing authority in the manner and within the time period required by applicable
law.

     (d) Prepayment. In the event that the Company intends to prepay all or any
portion of the principal amount of this Debenture, it shall notify the Holder in
writing of its intention to do so, specifying the principal amount that the
Company intends to prepay (a "Repayment Notice"). The Company shall pay to the
Holder the principal amount set forth in the Repayment Notice within five (5)
Business Days following the Repayment Notice.

     (e) Business Days. Any payment that would be due on a date that is a
Saturday, Sunday or day that is a federal legal holiday in the United States or
a day on which banking institutions in the State of California are authorized or
required by law or other government action to close, shall instead be due on the
next succeeding day that does not fall into any of the foregoing categories (a
"Business Day").

2.   Warrant. Electronic Sensor Technology Inc shall issue to the holder of
this debenture a warrant to purchase 400,000 shares of common stock at $0.02
cents per share. This warrant may be exercised at the option of the holder at
any time before 31 August 2012.

3.   Events of Default.

     (a) "Event of Default" wherever used herein, means any one of the following
events:

         (i) Any default in the payment when due and payable of (A) interest on
     this Debenture, which failure to pay is not cured within three (3) Business
     Days, or (B) principal of this Debenture;

         (ii) A material breach by the Company of its other obligations under
     this Debenture, which material breach is not cured within thirty (30) days
     following receipt of notice thereof from the Holder;

         (iii) A default on any other debenture issued by Electronic Sensor
     Technology Inc when the payment is due and payable shall result in
     Electronic Sensor Technology being in default of its obligations under this
     debenture or

         (iv) The Company commences a case, as debtor, under any applicable
     bankruptcy or insolvency laws as now or hereafter in effect or any
     successor thereto, or any other proceeding under any reorganization,
     arrangement, adjustment of debt, relief of debtors, dissolution, insolvency
     or liquidation or similar law of any jurisdiction whether now or hereafter
     in effect relating to the Company; (B) there is commenced a case against
     the Company under any applicable bankruptcy or insolvency laws, as now or
     hereafter in effect or any successor thereto, which remains un-dismissed
     for a period of ninety (90) days; (C) the Company is adjudicated by a court
     of competent jurisdiction insolvent or bankrupt; (D) the Company suffers
     any appointment of any custodian or the like for the Company or any
     substantial part of its property, which continues un-discharged or unstayed
     for a period of ninety (90) days; or (E) the Company makes a general

                                       A-2
<PAGE>
     assignment for the benefit of creditors.

     (b) Remedies Upon Event of Default. If any Event of Default occurs, the
full principal amount of this Debenture, together with accrued and unpaid
interest thereon, shall become immediately due and payable in cash. Amounts not
paid when due shall bear interest at the maximum lawful rate and shall be
payable upon demand of the Holder.

3.   Miscellaneous.

     (a) Notices. Any and all notices required or permitted to be given to a
party pursuant to the provisions of this Debenture will be in writing and will
be effective and deemed to provide such party sufficient notice under this
Agreement on the earliest of the following: (a) at the time of personal
delivery, if delivery is in person; (b) at the time of transmission by
facsimile, addressed to the other party at its facsimile number specified herein
(or hereafter modified by subsequent notice to the parties hereto), with
confirmation of receipt made by printed confirmation sheet verifying successful
transmission of the facsimile; (c) the day of sending such notice by electronic
mail with a read or delivered receipt; (d) one (1) business day after deposit
with an express overnight courier for United States deliveries, or two (2)
business days after such deposit for deliveries outside the United States, with
proof of delivery from the courier requested; or (e) three (3) business days
after deposit in the United States mail by certified mail (return receipt
requested) for United States deliveries.

     All notices for delivery outside the United States will be sent by
facsimile or by express courier. Notices by facsimile shall be machine verified
as received. All notices not delivered personally or by facsimile will be sent
with postage and/or other charges prepaid and properly addressed to the party to
be notified at the address or facsimile number as follows, or at such other
address or facsimile number as such other party may designate by one of the
indicated means of notice herein to the other parties hereto as follows:

     if to the Investor, to:

         Halfmoon Bay Capital Ltd
         Trident Chambers
         P.O. Box 146
         Road Town Tortola
         British Virgin Islands
         Facsimile: 603-2163-3552
         Attention: Wan Azmi Wan Hamzah

     if to the Company, to:

         Electronic Sensor Technology, Inc.
         1077 Business Center Circle
         Newbury Park, California 91320
         Facsimile: 805-480-1984
         Attention: President and Chief Executive Officer

                                       A-3
<PAGE>
     (b) Lost or Mutilated Debenture. If this Debenture shall be mutilated,
lost, stolen or destroyed, the Company shall execute and deliver, in exchange
and substitution for and upon cancellation of a mutilated Debenture, or in lieu
of or in substitution for a lost, stolen or destroyed Debenture, a new Debenture
for the principal amount of this Debenture so mutilated, lost, stolen or
destroyed but only upon receipt of evidence of such loss, theft or destruction
of such Debenture, and of the ownership hereof, and indemnity, if requested, all
reasonably satisfactory to the Company.

     (c) Governing Law. This Debenture will be governed by and construed in
accordance with the laws of the State of California, without giving effect to
that body of laws pertaining to conflict of laws.

     (d) Waiver. Any waiver by the Holder of a breach of any provision of this
Debenture shall not operate as or be construed to be a waiver of any other
breach of such provision or of any breach of any other provision of this
Debenture.

     (e) Severability. If any provision of this Debenture is held to be invalid
or unenforceable in any respect, the validity and enforceability of the
remaining terms and provisions of this Debenture shall not in any way be
affected or impaired thereby and the Company and the Holder will attempt to
agree upon a valid and enforceable provision that is a reasonable substitute
therefore, and upon so agreeing, shall incorporate such substitute provision in
this Debenture.

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

     IN WITNESS WHEREOF, the Company has caused this Debenture to be duly
executed by a duly authorized officer as of the date first above indicated.

                                              ELECTRONIC SENSOR TECHNOLOGY, INC.

                                              By: /s/ William Wittemeyer
                                                  ------------------------------
                                                  Name:  William Wittemeyer
                                                  Title: Chief Operating Officer

                                       A-4Anhui Fuyang Xinte Pharmaceutical Company, Sales Contract

         

                                                                    
                  Date: 2009-04-23     

                                                                          

        Seller: Anhui Fuyang Xinte Pharmaceutical Company

        Buyer: Helpson Medical & Biotechnology Co., Ltd.

        

        	
                    Name of Product

                	
                    Quality standard and specification

                	
                    Unit

                	
                    Unit price

                    (RMB)

                	
                    Quantity

                	
                    Amount(RMB)

                
	
                    Tiopronin

                	
                     

                	
                    kg

                	
                    1200.00

                	
                    1000

                	
                    1200000

                
	
                    Hepatocyte growth—promoting factor

                	
                     

                	
                    kg

                	
                    9000.00

                	
                    40

                	
                    3600000

                
	
                    Micro-fiber products

                	 	 	
                    33.00

                	
                    8000

                	
                    264000

                
	
                    Medicinal Starch

                	 	 	
                    4.6

                	
                    5000

                	
                    23000

                
	
                     Pre-gel starch

                	
                     

                	
                     

                	
                    8.5

                	
                    4000

                	
                    34000

                
	
                    Total amount

                	
                    Five million one hundred and twenty one thousand only

                	
                    5,121,000.00

                

        

         

        

        	
                	 	 	1.	 	 	Quality standard: follow the requirement of the Pharmacopoeia	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	2.	 	 	Drug Package Standard: follow the relevant requirement and cargo delivery requirement	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	3.	 	 	Every piece of package concludes a product quality certification	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	4.	 	 	Ways of transportation: a. consign to the delivery company; b. by seller; c. by buyer	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	5.	 	 	Place of delivery: a. seller; b. buyer	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	6.	 	 	Freight: a. seller; b. buyer	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	7.	 	 	Terms of payment: a. T/T; b. Check	 	 
	
                	
                	
                	
                	
                	
                	 	
                	
                
	
                	 	 	8.	 	 	Dispute: both parties will negotiate for any dispute under this agreement in Fuyang	 	 

        

        

         

        
            

        

        

        	 	 	9.	 	 	Others:	 	 
	
                	
                	
                	
                	
                	 	
                	
                
	 	 	10.	 	 	This contract will enter effect after sign and seal of both parties.	 	 
	
                	
                	
                	
                	
                	 	
                	
                
	 	 	11.	 	 	This contract is in duplicate for each party	 	 

        

        

        

        

        

        

        

        

        

        

        

        

        Seller: Anhui Fuyang Xinte Pharmaceutical Company

        Address: No. 6 Hesha Rd. Fuyang City, Anhui Province

        Tax number: 341201151836999

        Bank: Bank of China Lian Chi Branch

        Bank account number: 03211308091001

        Phone: 0558-2210018 (office) 0558-2213177

        Fax: 0558-2210098

        Postal code: 236018

        Legal person: Lihu Yang

         

        Buyer: Helpson Medical & Biotechnology Co., Ltd.

        Phone: 0898-66811911

        

        

         

        2

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