Hexagonal driver

A driver bit configured to be operably coupled to a rotary tool wherein the driver bit is configured to engage a fastener head and wherein the driver bit comprises:

• a shaft member, said shaft member being elongated in form having a first end and a second end, said shaft member having a first end and a second end;
• a body member, said body member being cylindrical in shape, said body member having a first end and a second end, said body member having an opening proximate said first end thereof providing access to a cavity, said cavity having an inner wall formed to mateably engage a fastener head, said cavity having a bottom plate member distal to said opening, said body member further having a void, said void of said body member being intermediate said bottom plate member and a rear wall proximate said second end of said body member, said rear wall further including at least two apertures bored therethrough;
• and
• a magnet assembly, said magnet assembly movably coupled to said body member, said magnet assembly movable between a first position and a second position, said magnet assembly having a first ring member and a second ring member, said first ring member and said second ring member having at least two rod members operably coupling said first ring member and said second ring member, said first ring member being movably disposed within said void of said body member, said second ring member being located adjacent to said body member proximate said second end of said body member;
• and
• wherein said first ring member is adjacent said bottom plate member in the first position of said magnet assembly.