EXHIBIT 10.104
Pellettieri, Rabstein and Altman
Counselors at Law
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100 Nassau Park Boulevard
CN 5301
Princeton, New Jersey 08543-5301
(609) 520-0900
Fax (609) 452-8796
Email: PRA@pralaw.com
November 11, 2004
HiEnergy Technologies, Inc.
c/o Dr. Bogdan Maglich
1601 Alton Parkway, Suite B
Irvine, CA 92606
Re: HiEnergy Technologies, Inc.
Dear Dr. Maglich:
Thank you for contacting us for representation regarding the above
referenced matter. Under the rules governing the legal profession, we are
required to set forth in writing our fees. This will confirm that we have agreed
to represent your interests regarding this matter on an hourly fee basis plus
costs. With that duty in mind our billing rate is $325.00. We require an initial
retainer of $10,000.00, which shall also be our minimum fee. Against this
retainer you will be billed for fees and costs. You will be billed monthly.
Payment is due upon receipt of invoice. In the unlikely event that any bill
becomes past due more than 30 days, we will add interest on the unpaid balance
at the rate of one percent (1%) per month. You also hereby agree to be
responsible for attorney's fees and costs in the event that we need to take
steps to collect an unpaid balance from you.
If this arrangement is acceptable to you, please sign, date and return
the original of this letter along with the retainer fee in the return envelope
provided. You may retain the enclosed copy of this letter for your records. We
look forward to assisting you and thank you for choosing Pellettieri, Rabstein
and Altman.
Very truly yours,
Pellettieri, Rabstein and Altman
/s/ W. Barry Rank
I hereby agree to the terms and conditions of this letter fee
agreement.
Dated: November 17, 2004 /s/ Bogdan C. Maglich
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Dr. Bogdan Maglich