EX-4.4
     GoTrain Corp. Series 2 Convertible  Subordinated  Debenture Issued February
15, 2002 Due July 31, 2003

                                                              Exhibit 4.4















                                  GOTRAIN CORP.

                      8% CONVERTIBLE SUBORDINATED DEBENTURE

                                DUE JULY 31, 2003



                               SERIES 2 DEBENTURE







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         THIS DEBENTURE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, TRANSFERRED, ASSIGNED,
PLEDGED, OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SUCH ACT AND
APPLICABLE LAWS, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL OR
OTHER EVIDENCE, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH
REGISTRATION IS NOT REQUIRED.

         THIS INSTRUMENT AND THE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATED,
IN THE MANNER AND TO THE EXTENT SET FORTH IN A SUBORDINATION AGREEMENT (THE
"SUBORDINATION AGREEMENT") WHICH MAY BE EXECUTED BETWEEN THE COMPANY AND SENIOR
LENDERS. EACH HOLDER OF THIS INSTRUMENT, BY ITS ACCEPTANCE HEREOF, AGREES (i) TO
BE BOUND BY THE TERMS OF ANY SUBORDINATION AGREEMENT REQUIRED BY SENIOR LENDERS
OF THE COMPANY AND (ii) IN THE EVENT THAT ANY CONFLICT EXISTS BETWEEN THE TERMS
OF THIS INSTRUMENT, ANY DOCUMENT EXECUTED IN CONNECTION WITH THE DELIVERY OF
THIS INSTRUMENT AND THE TERMS OF THE SUBORDINATION AGREEMENT, THE TERMS OF THE
SUBORDINATION AGREEMENT SHALL GOVERN AND BE CONTROLLING.



<PAGE>



                                  GOTRAIN CORP.

<PAGE>


                      8% CONVERTIBLE SUBORDINATED DEBENTURE

<PAGE>


                                DUE JULY 31, 2003

<PAGE>


                                    SERIES 2
$500,000.00                                                    February 15, 2002


         GOTRAIN CORP., a Delaware corporation (the "Company"), which term
includes any successor corporation, ("GoTrain" or "the Company"), for value
received, hereby promises to pay to Polmeroy Limited ("Holder"), or subject to
Sections 8 and 10 herein, Holder's assigns, the principal sum of Three Hundred
Thirty Three Thousand Three Hundred and Thirty Three Dollars ($333,333.00)
("Original Amount"), or such lesser amount as shall then be outstanding together
with any unpaid accrued interest thereon, on or before July 31, 2003 (the
"Maturity Date"), subject to the terms hereof. Interest shall be calculated
based on a three hundred sixty-five (365) day year for actual number of days
elapsed. This debenture ("Debenture") is issued in connection with the
contemporaneous issuance by the Company of additional debentures (the
"Debentures") and shall be designated "Series 2 Debenture".

         The following is a statement of the rights of the Holder of this
Debenture and the conditions to which this Debenture is subject, and to which
the Holder, by the acceptance of this Debenture, agrees:

         23. Interest. This Debenture shall bear interest at the rate of eight
percent (8.00%) per annum on the principal of this Debenture outstanding from
the date of issuance hereof until the principal amount of this Debenture has
been paid in full, or until this Debenture has been fully converted pursuant to
Section 5 hereof, whichever is earlier. Interest will be cumulative, but shall
not accumulate interest on unpaid interest. Interest shall only be paid if the
Holder and the Company fail to convert the Debenture into Series A Preferred
Stock. If any interest of the Original Amount is not paid within fifteen (15)
days after the due date hereof, whether by acceleration, upon maturity or
otherwise, interest shall accrue on such unpaid amount at a default rate equal
to the lesser of (i) 12% per month or (ii) the highest rate permitted under
applicable law, until such amount is paid in full (the "Default Rate").

         24. Payments. Except as set forth herein with respect to redemption or
conversion of Debentures, interest shall accrue and be payable in lawful money
of the United States of America to Holder, or at the option of GoTrain, in
Series A Preferred Stock of the Company, at the address that appears on this
instrument below or at such other addresses as sent by Holder to the Company, on
the Maturity Date. If Series A Preferred shares are paid, the amount of such
shares shall be based upon the conversion rate then in effect.

         25. Events of Default. If any of the events specified in this Section 3
shall occur (individually an "Event of Default"), the Holder may, and subject to
Section 4 and Section 5.6 hereof, declare the entire principal and unpaid
accrued interest hereon immediately due and payable, by notice in writing to the
Company (or, in the case of the occurrence of an Event of Default contemplated
by paragraphs (i) or (ii) below, the entire principal and unpaid accrued
interest hereon shall automatically be immediately due and payable without the
requirement of notice) :



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                           (i)      The institution by the Company of an
Insolvency  Proceeding,  or the consent by
it to the institution of an Insolvency Proceeding or the filing by it of a
petition or answer or consent to an action seeking an Insolvency Proceeding, or
the taking of corporate action by the Company in furtherance of any such action;
or

                           (ii)     If, within sixty (60) days after the
commencement of an involuntary  Insolvency
Proceeding, such action shall not have been resolved in favor of the Company or
all orders or proceedings thereunder affecting the operations or the business of
the Company stayed, or if the stay of any such order or proceeding shall
thereafter be set aside, or if, within sixty (60) days after the appointment
without the consent or acquiescence of the Company of any trustee, receiver or
liquidator of the Company or of all or any substantial part of the properties of
the Company, such appointment shall not have been vacated; or

                           (iii)    Any default of the Company  under any Senior
Indebtedness  (as defined  below)
that results in the acceleration of such Senior Indebtedness

                           (iv)     Any declaration in writing that the  Company
is  insolvent,  inadequately
capitalized, or is unable to pay its debts as they fall due; or

                           (v)  the  Company  shall  have  materially  breached
any  representation,  warranty  or
covenant contained in the Securities Purchase Agreement of even date herewith
between the Company and the Holder.

         "Insolvency Proceeding" means any case or proceeding (x) under the
United States Bankruptcy Code, 11 U.S.C. ss.ss. 101, et seq., or (y) under any
other federal law, or under state law, to reorganize, liquidate, appoint a
trustee for, a receiver for or an assignee for the benefit of creditors of the
Company, or for all or substantially all of the assets of the Company, whether
voluntary or involuntary.

         26.      Subordination.
                  -------------

                  26.1. Senior Indebtedness. (a) The Company agrees, and Holder
and each subsequent holder of this Debenture by acceptance hereof likewise
agrees, that the payment of the principal, interest and any other amounts due
under this Debenture will be subordinated to all Senior Indebtedness. "Senior
Indebtedness" shall mean all indebtedness and payment obligations of the
Company, of whatever nature issued by an institution as defined in Rule
501(a)(1) issued under the 1933 Act (as defined in Section 5.2) and such
indebtedness has been designated as "Senior Indebtedness" by the Company and the
lender(s), whether now or hereafter outstanding, up to a maximum principal
amount of $5,000,000.00. By its acceptance of this Debenture, the Holder of this
Debenture agrees to be bound by the terms hereof and agrees to execute and
deliver such documents as may be reasonably requested from time to time by the
Company or the holder of any Senior Indebtedness in order to implement the
provisions of this Section 4. In the event the Holder of this Debenture does not



<PAGE>

execute and deliver such Subordination Agreement(s), then the Company, at its
option, shall have the right to repay the principal sum of this Debenture to
Holder and terminate all rights and terms herein.

         (b) Subject to the payment in full of the Senior Indebtedness
contemplated by Section 4.1(a) as aforesaid, the holder of this Debenture shall
be subrogated to the rights of the holders of such Senior Indebtedness to
receive payments or distributions of any kind or character, whether in cash,
property, stock or obligations, which may be payable or deliverable to the
holders of such Senior Indebtedness, until the principal of, and interest on,
this Debenture shall be paid in full, and, as between the Company, its creditors
other than the holders of Senior Indebtedness, and the Holder of this Debenture,
no such payment or distribution made to the holders of Senior Indebtedness by
virtue of this Section 4 which otherwise would have been made to the Holder of
this Debenture shall be deemed a payment by the Company on account of such
Senior Indebtedness, it being understood that the provisions of this Section 4
are and are intended solely for the purposes of defining the relative rights of
the Holder of this Debenture, on the one hand, and the holders of the Senior
Indebtedness, on the other hand. Subject to the rights, if any, under this
Section 4 of holders of Senior Indebtedness to receive cash, property, stock or
obligations otherwise payable or deliverable to the holder of this Debenture,
nothing herein shall either impair, as between the Company and the Holder of
this Debenture, the obligation of the Company, which is unconditional and
absolute, to pay the Holder hereof the principal hereof and interest hereon in
accordance with its terms and the provisions of this Debenture or prevent the
Holder of this Debenture from exercising all remedies otherwise permitted by
applicable law or upon default hereunder.

         (c) Nothing contained in the subordination provisions of this Debenture
is intended to or shall impair, as between the Company, its creditors other than
the holder(s) of the Senior Debt, and the Holder, the obligation of the Company,
which is absolute and unconditional, to pay to the Holder the principal of,
premium, if any, and interest on this Debenture, as and when the same shall
become due and payable (except as otherwise provided in this Debenture) in
accordance with its terms, or is intended to or shall affect the relative rights
of the Holder and other creditors of the Company other than the holder(s) of the
Senior Indebtedness (up to $5,000,000 in aggregate principal amount), nor shall
anything herein or therein prevent the Holder, subject in all events to the
rights of the holder(s) of such Senior Indebtedness set forth in this Debenture,
(i) from taking all appropriate actions to preserve its rights under this
Debenture or (ii) from exercising all remedies otherwise permitted by applicable
law upon default under this Debenture.

                  26.2. Payments in Event of Liquidation, Dissolution,
Bankruptcy, Etc. In the event of any liquidation, dissolution or winding up of
the Company or any Insolvency Proceeding, all amounts (whether for principal,
interest, premium or otherwise) owing on or in respect of all Senior
Indebtedness shall first be paid in full before any payment is made upon the
indebtedness evidenced by the Debentures; and in any such event any payment or
distribution of any kind or character, whether in cash, property or securities,
which shall be made upon or in respect of the Debentures shall be paid over to
the holders of such Senior Indebtedness, pro rata, for application in payment
thereof unless and until such Senior Indebtedness shall have been paid or
satisfied in full. The Holders of the Debentures shall share pro rata, based on
the total principal and interest then due to each such Holder, in any assets of
the Company distributed to the Holders of the Debentures after payment in full
of the Senior Indebtedness, if such assets are insufficient to satisfy the
Debentures in their entirety.

                  26.3. Rights of Holders Superior to Common Stock. The rights
of the Holders of the Debentures shall be superior to any obligation due any



<PAGE>

holder of the common stock of the Company, par value $0.0001 ("Common Stock"),
or the preferred stock of the Company if any, arising solely out of the fact
that such person is an owner of the such stock.

         27. Redemption. On or before July 31, 2003 and upon 7 days prior
written notice, the Company may elect to call for redemption some or all of the
then outstanding Debentures at a price equal to the face value (or, in the case
of a partial redemption, fraction thereof) plus accrued and unpaid interest
thereon. In the event of a partial redemption, all Debentures will be redeemed
pro-rata. In the event the Debentures are not redeemed, they shall be
automatically converted in accordance with Section 6.

         28.      Conversion.
                  ----------

                  28.1. Conversion at Option of Company. The Company shall have
the option, at any time and before payment in full of the principal balance and
interest of this Debenture, to convert some or all of the outstanding principal
balance of this Debenture in accordance with the provisions of Section 6.4
hereof, into fully paid and nonassessable shares of Series A Preferred Stock.

                  28.2. Automatic Conversion. Debentures will be automatically
converted into Series A Preferred Stock at the Conversion Price (defined below)
on the earlier of: (i) July 31, 2003 at the unpaid Original Amount or (ii) in
the event of an underwritten public offering of the Common Stock at a minimum
price of $4.00 per share and a maximum gross offering of $2,000,000.00 pursuant
to an effective registration statement under the Securities Act of 1933, as
amended (the "1933 Act") or similar federal statute then in force ("Qualified
Public Offering"), at a price per share equal to or greater than the Conversion
Price; provided however that by acceptance of this Debenture the Holder agrees
to be bound by the terms and conditions of any lock-up agreement requested by
the underwriters restricting the transfer of the Common Stock entered into by
the Company or any of the Company's principal shareholders, which obligations
shall survive the conversion.

                  28.3. Conversion Price and Accrued Interest. The number of
shares of Series A Preferred Stock into which this Debenture may be converted
shall be determined by dividing the aggregate outstanding principal amount of
this Debenture to be converted by the Conversion Price (as defined herein) in
effect at the time of such conversion. The "Conversion Price" shall be an amount
equal to Forty Five Cents ($0.45) per share, subject to adjustment as
hereinafter provided.

                  28.4.    Conversion Procedure.
                           --------------------

                           (a)      Surrender of Debentures.  In the event the
                                    -----------------------
Company  notifies the holder that it elects to convert this Debenture into
shares of Series A Preferred Stock under
Section 6.1, the Holder shall surrender this Debenture at the office of the
Company, and shall state therein the name(s) in which the certificate(s) for
shares of Common Stock is to be issued. After the effective date of any
automatic conversion in connection with a Qualified Public Offering under
Section 6.2, the Holder shall immediately deliver this Debenture to the Company.



<PAGE>

                           (b)      Effective  Date of  Conversion.  If any
                                    ------------------------------
conversion of this Debenture is made in connection with a Qualified Public
Offering under Section 6.1, the conversion
may, at the election of the Holder, be conditioned upon the consummation of such
Qualified Public Offering, in which case such conversion shall not be deemed to
be effective until the date that the registration statement relating to the
Public Offering is declared effective by the Securities and Exchange Commission.
Any automatic conversion in connection with a Qualified Public Offering of this
Debenture under Section 6.2 shall be deemed effective as of the date that the
registration statement relating to the Qualified Public Offering is declared
effective by the Securities and Exchange Commission. Any conversion of this
Debenture at the option of the Company under Section 6.3 shall be deemed
effective as of the effective date specified in the notice sent by the Company
to the Holder under Section 6.3. The failure to surrender this Debenture to the
Company in the event of any conversion under Section 6.2 or 6.3 shall not be a
condition to the effectiveness of such conversion and this Debenture shall be
deemed canceled to the extent of such conversion on the effect date thereof.

                       (c)  Delivery of Stock Certificates and/or new Debenture.
                            ----------------------------------------------------
On and after the effective date of any conversion of this Debenture, the person
entitled to
receive the shares of Series A Preferred Stock issuable upon such conversion
shall be treated for all purposes as the record holder of such shares, and the
Company shall, at its expense, and subject to Section 10 hereof, as soon as
practicable after such effective date and the delivery to the Company of this
Debenture, issue and deliver such certificate(s) for the number of shares of
Series A Preferred Stock to which the Holder shall be entitled upon such
conversion, together with a check payable to the Holder for any cash amounts
payable for fractional shares, as described in Section 6.5 below, and for all
accrued but unpaid interest on the Debentures so converted which the Company
elects to pay in cash. If the Holder converts only part of this Debenture, after
delivery to the Company of this Debenture, the Company will issue to the Holder
a new Debenture evidencing the amount of the indebtedness not converted.

                  28.5. No Fractional Shares. No fractional shares of Series A
Preferred Stock shall be issued upon conversion of all of the outstanding
principal balance of this Debenture. In lieu of fractional shares, the Company
shall pay to the Holder the amount of outstanding principal that is not so
converted, as provided in Section 6.4.

                  28.6. No Further Obligations. Upon conversion of all of the
outstanding principal balance of this Debenture, together with conversion or
payment of all accrued but unpaid interest to the date of conversion, the
Company shall be forever released from all its obligations and liabilities under
this Debenture.

         29.      Adjustments

                  29.1. The conversion price per share at which Series A
Preferred Stock shall be issuable upon conversion of the Debentures (the
"Conversion Price") shall initially be $0.45 per share, provided that, if
adjustment of the Conversion Price is required pursuant to Sections 7.1(a)
through 7.1(e) hereof, the Conversion Price shall be such adjusted price. No
adjustment in the number of shares of Series A Preferred Stock into which the
Debenture is convertible shall be made, by adjustment in the Conversion Price,



<PAGE>

as applicable, unless the consideration per share for Series A Preferred Stock
issued or Series A Preferred Stock issuable upon conversion of Debentures deemed
to be issued by the Company is less than the Conversion Price in effect on the
date of, and immediately prior to, the issue of such shares or Debentures, as
the case may be.

                                    a. In case any of the following shall occur:

                                    (i)     any  reclassification  or change in
         the outstanding  Series A Preferred
         Stock (other than a change in par value, or from par value to no par
         value, or from no par value to par value, or as a result of a
         subdivision or combination); or

                                    (ii)    any  consolidation  or merger to
         which the  Company  is a party  (other
         than a merger in which the Company is the surviving corporation and
         which does not result in any reclassification of, or change in, the
         outstanding Series A Preferred Stock),

         (each of the foregoing, an "Organic Change") then, in each such case,
appropriate provision shall be made, prior to the effective date of any such
Organic Change whereby the holders of the Debentures then outstanding shall have
the right to convert such Debentures into the kind and amount of shares, other
securities or property, which would have been receivable upon such Organic
Change by a holder of the Debentures which would have been issuable upon
conversion of the Debentures immediately prior to such Organic Change. In each
such case, the Company shall also make appropriate provisions to insure that the
provisions of this Section 7 shall thereafter be applicable to the Debentures.
The Company shall not effect any such Organic Change, unless prior to the
consummation thereof, the successor entity (if other than the Company) resulting
from consolidation or merger or the entity purchasing such assets assumes by
written instrument, the obligation to deliver to each such holder such shares of
stock, securities or assets as, in accordance with the foregoing provisions,
such holder may be entitled to acquire. In connection with any provision made
pursuant to the terms of the preceding sentence, provision shall also be made
for adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Section 7. The above provisions of this Section
7.1(a) shall similarly apply to successive Organic Changes.

                  b. In case the Company shall at any time reverse stock split,
subdivide or combine the outstanding Series A Preferred Stock issuable upon
conversion of the Debentures, then, in each such case, the Price in effect
immediately prior to such subdivision or combination shall, effective as of the
effective date of such subdivision or combination, be proportionately decreased
in the case of (i) a reverse stock split or (ii) subdivision or proportionately
increased in the case of combination.

                  c. In case the Company shall issue rights, warrants or options
to subscribe for or purchase Series A Preferred Stock at a price per share less
than the Conversion Price on the record date mentioned below, the Conversion
Price shall be adjusted so that the same shall equal the price per share for
which Series A Preferred Stock may be subscribed for or purchased as described
below in this Section 7.1(c). Such adjustment shall be made whenever such
rights, warrants or options are issued and shall become effective immediately



<PAGE>

after the record date for the determination of shareholders entitled to receive
such rights, warrants or options; and, to the extent that such rights, warrants
or options expire unexercised, the Conversion Price shall be readjusted to the
Conversion Price which would then be in effect had the adjustments made as of
the record date for the issuance of such rights, warrants or options been made
upon the basis of the issuance of rights, warrants or options to subscribe for
or purchase only the number of Series A Preferred Stock as to which such rights,
warrants or options were actually exercised. In case the Company shall issue
rights, warrants or options to subscribe for or purchase securities convertible
into, exchangeable for or carrying a right to purchase Series A Preferred Stock
(such securities being referred to herein as "Convertible Securities"), for
purposes of this Section 7.1(c), (A) such issuance shall be deemed to be an
issuance of rights, warrants or options to such holders entitling them to
subscribe for or purchase Series A Preferred Stock at the price per share for
which the Series A Preferred Stock are issuable upon conversion, exchange or
exercise of such Convertible Securities (determined by dividing (x) the minimum
aggregate consideration payable to the Company upon the exercise of such rights,
warrants or options, plus the minimum aggregate amount of additional
consideration, if any, other than such Convertible Securities, payable upon the
conversion, exchange or exercise thereof, by (y) the total maximum number of
Series A Preferred Stock issuable upon the conversion, exchange or exercise of
such Convertible Securities issuable upon the exercise of such rights, warrants
or options), and (B) the total maximum number of Series A Preferred Stock
issuable upon conversion, exchange or exercise of such Convertible Securities
shall be deemed to be the number of Series A Preferred Stock offered for
subscription or purchase. To the extent that such Convertible Securities expire
or otherwise terminate without being converted, exercised or exchanged, the
Conversion Price shall be readjusted to the Conversion Price which would then be
in effect had the adjustments made as of the record date for the issuance of
such rights, warrants or options been made upon the basis of the issuance of the
number of Series A Preferred Stock that were actually issued upon the
conversion, exercise or exchange of such Convertible Securities.

                  d. In case the Company shall pay a dividend or make a
distribution to all holders of Series A Preferred Stock, as such, of its shares,
evidences of its indebtedness, assets or rights, warrants or options (excluding
dividends or distributions payable in cash out of current, the prior year's or
retained earnings of the Company, distributions relating to sub-divisions and
combinations covered by Section 7.1(b) hereof and rights, warrants or options to
purchase or subscribe for Series A Preferred Stock or Convertible Securities
covered by Section 7.1(c) hereof), then in each such case the Conversion Price
shall be adjusted so that the same shall equal the price determined by
multiplying the Conversion Price in effect immediately prior to the record date
mentioned below by a fraction, the numerator of which shall be the total number
of Series A Preferred Stock outstanding immediately prior to such record date
multiplied by the Current Market Price per Series A Preferred Stock (as defined
in Section 7.1(e) hereof) on such record date, less the fair market value (as
determined in good faith by the Board of Directors of the Company applying, to
the extent appropriate, the requirements for determining the Current Market
Price of Series A Preferred Stock as set forth in Section 7.1(e) hereof) as of
such record date of the shares, evidences of indebtedness or assets so paid or
distributed or of such rights, warrants or options, and the denominator of which
shall be the total number of Common Shares outstanding immediately prior to such



<PAGE>

record date multiplied by the Current Market Price per Series A Preferred Stock
(as defined in Section 7.1(e) hereof) on such record date. Such adjustment shall
be made whenever any such dividend is paid or such distribution is made and
shall become effective immediately after the record date for the determination
of shareholders entitled to receive such dividend or distribution.
Notwithstanding the foregoing, no adjustment shall be made with respect to any
such dividend or distribution if the Current Market Price per Series A Preferred
Stock immediately prior to such adjustment is greater than the Conversion Price.

                  e. In case the Company shall issue any Series A Preferred
Stock other than Excluded Securities (as defined below), whether directly or
indirectly as provided in clause (3) of this Section 7.1(e) below, without
consideration or for a consideration per share less than the Conversion Price in
effect immediately prior to the issuance of such Series A Preferred Stock, the
Conversion Price in effect immediately prior to each such issuance shall
forthwith be lowered to a price equal to the quotient obtained by dividing:

                                    (i)     an amount equal to the sum of

                                            (x)      the total number  of Series
                  A  Preferred  Stock  outstanding
                  (including any Series A Preferred Stock deemed to have been
                  issued pursuant to subdivisions (A) and (B) of Section
                  7.1(e)(iii) below, it being understood that the Series A
                  Preferred Stock issuable upon conversion of the Debentures
                  immediately prior to such issuance shall be deemed to be
                  outstanding for all purposes of the computation required in
                  this clause (e)), immediately prior to such issuance
                  multiplied by the Conversion Price in effect immediately prior
                  to such issuance, plus
                                            (y)      the consideration  received
                  by  the   Company   upon  suchissuance, by

                                    (B) the total number of Series A Preferred
                  Stock outstanding (including any Series A Preferred Stock
                  deemed to have been issued pursuant to subdivisions (i) and
                  (ii) of Section 7.1 below, it being understood that the Series
                  A Preferred Stock issuable upon conversion of the Debentures
                  immediately prior to such issuance shall be deemed to be
                  outstanding for all purposes of the computation required in
                  this clause (e)) immediately after the issuance of such Series
                  A Preferred Stock.

         For the purposes of any adjustment of the Conversion Price pursuant to
this clause (e) of Section 7.1, the following provisions shall be applicable:

                  (i) In the case of the issuance of Series A Preferred Stock
         for cash, the consideration shall be deemed to be the amount of cash
         paid therefor after deducting therefrom any discounts, commissions or
         other expenses allowed, paid or incurred by the Company for any
         underwriting or otherwise in connection with the issuance and sale
         thereof.

                  (ii) In the case of the issuance of Series A Preferred Stock
         for a consideration in whole or in part other than cash, the
         consideration other than cash shall be deemed to be the fair market
         value thereof as determined in good faith by the Board, irrespective of
         any accounting treatment.



<PAGE>

                  (iii) In the case of the issuance of (i) options to purchase
         or rights to subscribe for Series A Preferred Stock, (ii) securities by
         their terms convertible into or exchangeable for Series A Preferred
         Stock or (iii) options to purchase or rights to subscribe for such
         convertible or exchangeable securities:

                                    (A) the aggregate maximum number of Series A
                  Preferred Stock deliverable upon exercise of such options to
                  purchase or rights to subscribe for Series A Preferred Stock
                  shall be deemed to have been issued at the time such options
                  or rights were issued and for a consideration equal to the
                  consideration (determined in the manner provided in
                  subdivisions (i) and (ii) above), if any, received by the
                  Company upon the issuance of such options or rights plus the
                  minimum purchase price provided in such options or rights for
                  the Series A Preferred Stock covered thereby;

                                    (B) the aggregate maximum number of Series A
                  Preferred Stock deliverable upon conversion of or in exchange
                  for any such convertible or exchangeable securities or upon
                  the exercise of options to purchase or rights to subscribe for
                  such convertible or exchangeable securities and subsequent
                  conversion or exchange thereof shall be deemed to have been
                  issued at the time such securities were issued or such options
                  or rights were issued and for a consideration equal to the
                  consideration received by the Company for any such securities
                  and related options or rights (excluding any cash received on
                  account of accrued interest or accrued dividends), plus the
                  additional consideration, if any, to be received by the
                  Company upon the conversion or exchange of such securities or
                  the exercise of any related options or rights (the
                  consideration in each case to be determined in the manner
                  provided in subdivisions (i) and (ii) above);

                                    (C) on any change in the number of Series A
                  Preferred Stock deliverable upon exercise of any such options
                  or rights or conversions of or exchanges for such convertible
                  or exchangeable securities or any change in the consideration
                  to be received by the Company upon the exercise of any such
                  options or rights or conversions of or exchanges for such
                  convertible or exchangeable securities, other than a change
                  resulting from the antidilution provisions thereof, the
                  Conversion Price shall forthwith be readjusted to such
                  Conversion Price as would have obtained had the adjustment
                  made upon the issuance of such options, rights or securities
                  not converted prior to such change or options or rights
                  related to such securities not converted prior to such change
                  been made upon the basis of such change; and

                                    (D) on the expiration of any such options or
                  rights, the termination of any such rights to convert or
                  exchange or the expiration of any options or rights related to
                  such convertible or exchangeable securities, the Conversion
                  Price shall forthwith be readjusted to such Conversion Price
                  as would have obtained had the adjustment made upon the



<PAGE>

                  issuance of such options, rights, securities or options or
                  rights related to such securities been made upon the basis of
                  the issuance of only the number of Series A Preferred Stock
                  actually issued upon exercise of such options or rights, upon
                  the conversion or exchange of such securities or upon the
                  exercise of the options or rights related to such securities
                  and subsequent conversion or exchange thereof.

                  (iv) For purposes of Sections 7.1(c), 7.1(d) and 7.1(e)
         hereof, the following provisions (A) to (F) shall also be applicable:

                                    (A) The number of Series A Preferred Stock
                  outstanding at any given time shall include Series A Preferred
                  Stock owned or held by or for the account of the Company or
                  any of its subsidiaries, and the issuance of rights, warrants
                  or options to purchase or subscribe for such treasury shares
                  (or securities convertible into, exchangeable for or carrying
                  a right to purchase such treasury shares) or the distribution
                  of any such treasury shares shall not be considered an
                  issuance, dividend or distribution for purposes of Sections
                  7.1(c), 7.1(d) and 7.1(e) hereof.

                                    (B) No adjustment of the Conversion Price
                  shall be made unless such adjustment would require an increase
                  or decrease of at least one percent (1%) in such price;
                  provided that any adjustments which by reason of this clause
                  (B) are not required to be made shall be carried forward and
                  shall be made at the time of and together with the next
                  subsequent adjustment which, together with any adjustment(s)
                  so carried forward, shall require an increase or decrease of
                  at least one percent in the Conversion Price then in effect
                  hereunder.

                                    (C) For the purpose of any computation under
                  Section 7.1(d) hereof, the "Current Market Price" per Common
                  Share on any date shall be deemed to be the average of the
                  daily Closing Prices (as defined below) for the twenty (20)
                  consecutive trading days immediately preceding the date in
                  question. The "Closing Price" for each day shall be the last
                  reported sale price or, in case no such reported sale takes
                  place on such day, the closing bid, in either case on the
                  principal national securities exchange (including, for
                  purposes hereof, The Nasdaq Stock Market) on which the Series
                  A Preferred Stock are listed or admitted to trading or, if the
                  Series A Preferred Stock are not listed or admitted to trading
                  on any national securities exchange, the last sale price for
                  the Series A Preferred Stock as quoted on the OTC Bulletin
                  Board (the "OTCBB"), or if the Series A Preferred Stock are
                  not quoted on the OTCBB, the last sale price as quoted in the
                  "pink sheets" published by the National Quotation Bureau, Inc.
                  (the "Pink Sheets") or, if not available in the Pink Sheets,
                  in a similar publication of national standing. If on any such
                  date the Series A Preferred Stock are not listed or admitted
                  to trading on any national securities exchange, are not quoted
                  on the OTCBB, and are not quoted in the Pink Sheets or any
                  similar publishing of national standing, the Current Market



<PAGE>

                  Price per Series A Preferred Stock on such date shall be the
                  fair value of such share on such date, as determined in good
                  faith by the Board of Directors of the Company (subject to the
                  approval of any member of the Board of Directors who has been
                  designated by the holders of the Debentures), whose
                  determination shall be final, binding and conclusive if made
                  in good faith.

                                    (D) In any case in which this Section 7.1
                  shall require that an adjustment shall become effective
                  immediately after a record date for an event, the Company may
                  defer until the occurrence of such event issuing to the holder
                  of Debentures converted after such record date and before the
                  occurrence of such event the additional Series A Preferred
                  Stock issuable upon such conversion by reason of the
                  adjustment required by such event over and above the shares
                  issuable upon such conversion before giving effect to such
                  adjustment.

                                    (E) Except as otherwise expressly provided
                  in this Section 7.1, no adjustment in the Conversion Price
                  shall be made by reason of the issuance or sale, in exchange
                  for cash, property or services, of Series A Preferred Stock,
                  or any Convertible Securities.

                                    (F) The term "Excluded Securities" shall
                  mean: (i) the issuance of up to 2,500,000 shares of Series A
                  Preferred Stock issued to employees, consultants, officers or
                  directors of the Company pursuant to stock option plans or
                  restricted stock plans or agreements approved by the Board of
                  Directors (including options grated prior to issuance of its
                  8% Subordinated Convertible Debentures); (ii) the issuance of
                  securities to financial institutions or lessors in connection
                  with commercial credit arrangements, equipment financings,
                  commercial property lease transactions, or similar
                  transactions; (iii) the issuance of securities pursuant to
                  currently outstanding warrants, notes, or other rights to
                  acquire securities of the Company; (iv) the issue of
                  securities in connection with acquisition transactions; (vi)
                  the issuance of Series A Preferred Stock in a Qualified Public
                  Offering; (vii) the issuance of securities in strategic
                  partnership transactions; or (viii) the issuance of Series A
                  Preferred Stock in any other transaction in which exemption
                  from the antidilution provisions is approved by the
                  affirmative vote of at least majority of the then outstanding
                  shares of Debentures.

                  7.2 Any determination as to whether an adjustment in the
Conversion Price in effect hereunder is required pursuant to Sections 7.1(a)
through 7.1(e) hereof, or as to the amount of any such adjustment, if required,
shall be final, binding and conclusive if made in good faith by the Board of
Directors of the Company.

                  7.3 Whenever the Conversion Price is adjusted as provided in
this Section 7, then, in each such case, the Company shall mail, or cause to be
mailed, to the holders of Debentures, of record not more than ten days before
the date of mailing, a notice in writing stating the adjusted Conversion Price
then and thereafter effective under the provisions hereof, the method of



<PAGE>

calculating such adjusted Conversion Price shown in reasonable detail, and the
facts on which such calculation is based. An affidavit of the Secretary of the
Company (or of a transfer agent for the Debentures, if one has been appointed)
that any such notice has been mailed shall, in the absence of fraud, be prima
facie evidence of the facts stated therein.

                  7.4 As used in this Section 7, the term "Series A Preferred
Stock" shall mean and include the Company's Series A Preferred Stock authorized
on February 12, 2002 and shall also include any capital stock of any class of
the Company thereafter authorized which shall not be limited to a fixed sum or
percentage in respect of the rights of the holders thereof to participate in
dividends and in the distribution of assets upon the voluntary or involuntary
liquidation, dissolution or winding up of the Company.

                  7.5      No  fractional  Series A  Preferred  Stock shall be
issued  upon the  conversion  of any Debentures.

                  7.6 Upon any conversion, no adjustment shall be made for
interest on the Debentures surrendered for conversion or on the Series A
Preferred Stock delivered.

                  7.7. The Company will at all times reserve and keep available
out of its authorized but unissued shares, solely for the purpose of issue upon
conversion of the Debentures, as provided in this Section 6, such number of
Series A Preferred Stock as shall from time to time be sufficient to effect the
conversion of all outstanding Debentures, and, upon the issuance thereof upon
conversion, all in accordance with the provisions hereof, such Series A
Preferred Stock shall be duly and validly issued, fully paid and nonassessable,
and free from all taxes, liens and charges. The Company shall take all such
actions as may be necessary to assure that all such Series A Preferred Stock may
be so issued without violation of any applicable law or governmental regulation
or any requirements of any domestic securities exchange upon which Series A
Preferred Stock may be listed (except for official notice of issuance which
shall be immediately delivered by the Company upon each such issuance). The
Company shall not take any action which would cause the number of authorized but
unissued Series A Preferred Stock to be less than the number of such shares
required to be reserved hereunder for issuance upon conversion of the
Debentures.

                  7.8 Before taking any action which would cause an adjustment
reducing the Conversion Price below the then par value of the Series A Preferred
Stock, the Company will take any corporate action which may, in the opinion of
its counsel, be necessary in order that the Company may validly and lawfully
issue fully paid and nonassessable Series A Preferred Stock at the Conversion
Price as so adjusted.

                  7.9 The issuance of certificates for Series A Preferred Stock
shall be made without charge for any tax in respect of such issuance or other
cost incurred by the Company in connection with such conversion and the related
issuance of Series A Preferred Stock upon conversion of Debentures. Upon
conversion of each Debenture, the Company shall take all such actions as are
necessary in order to insure that the Series A Preferred Stock issuable with
respect to such conversion shall be validly issued, fully paid and
nonassessable, free and clear of all taxes, liens, charges and encumbrances with
respect to the issuance thereof. However, if any such certificate is to be



<PAGE>

issued in a name other than that of the holder of the converted Debentures, the
Company shall not be required to issue or deliver any share certificate or
certificates unless and until the holder has paid to the Company the amount of
any tax which may be payable in respect of any transfer involved in such
issuance or shall establish to the satisfaction of the Company that such tax has
been paid or is not due.

                  7.10 In the event of (i) any taking by the Company of a record
of the holders of any class of securities for the purpose of determining the
holders of such securities who are entitled to receive any dividend (other than
a cash dividend) or other distribution on the Series A Preferred Stock or any
right, warrant or option to subscribe for or purchase any Series A Preferred
Stock or any class of Convertible Securities, or (ii) any reclassification or
recapitalization of the stated capital of the Company, any consolidation or
merger of the Company with or into another corporation, any transfer of all or
substantially all of the assets of the Company to any other corporation, entity
or person, or any voluntary or involuntary dissolution, liquidation or winding
up of the Company, the Company shall mail to each holder of Debentures at least
ten (10) days prior to the date specified in such notice, a notice specifying
(A) the date on which any such record is to be taken for the purpose of such
dividend on, distribution or rights, (B) the date on which any such
reclassification, recapitalization, consolidation, merger, transfer,
dissolution, liquidation, or winding up is expected to come effective, and (C)
the time, if any is to be fixed, as to when the holders of record of Series A
Preferred Stock (or other securities) shall be entitled to exchange their Series
A Preferred Stock for securities or other property deliverable upon such
reorganization, reclassification, recapitalization, consolidation, merger,
transfer, dissolution, liquidation or winding up.

                  7.11 The Company shall not close its books against the
transfer of Debentures or of Series A Preferred Stock issued or issuable upon
conversion of Debentures in any manner which interferes with the timely
conversion of the Debentures. The Company shall assist and cooperate with any
holder of Debentures required to make any governmental filings or obtain any
governmental approval prior to or in connection with any conversion of
Debentures hereunder (including, without limitation, making any filings required
to be made by the Company).

                  7.12 If any event occurs of the type contemplated by the
provisions of this Section 6 but not expressly provided for by such provisions
(including, without limitation, the granting of stock appreciation rights,
phantom stock rights or other rights with equity features but excluding such
rights granted to employees, directors, consultants and vendors), then the
Company's Board of Directors shall make an appropriate adjustment in the
Conversion Price then in effect so as to protect the rights of the holders of
Debentures.

                  7.13 The Company will not, by amendment of its Certificate of
Incorporation or Bylaws or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed hereunder by the Company, but will at all
times in good faith assist in the carrying out of all the provisions of this



<PAGE>

Section 7 and in the taking of all such action as may be necessary or
appropriate in order to protect the conversion rights of the holders of the
Debentures against impairment.

         30.      Assignment.  Subject to the restrictions on transfer described
                  ----------
in Section 10 below,  the rights and  obligations  of the Company and the Holder
shall be binding  upon and benefit  their  respective  successors,
heirs, administrators and permitted assigns and transferees.

         31.      Waiver and  Amendment.  Any provision of this Debenture may be
                  ---------------------
amended, waived or modified only upon the written consent of the Company and the
Holder.

         32. Transfer of this Debenture or Securities Issuable on Conversion
Hereof. This Debenture and any Series A Preferred Stock or other securities
issuable or acquired on conversion hereof (collectively, the "Securities") have
not been registered under the 1933 Act, or any applicable state securities laws
(collectively, the "Securities Laws"). They may not be sold, transferred,
assigned, pledged, or hypothecated unless and until registered under such
Securities Laws, or unless the Company has received an opinion of counsel or
other evidence, satisfactory to the Company and its counsel in their sole
discretion, that such registration is not required. To ensure compliance with
the forgoing, the Holder shall give written notice to the Company of such
proposed Transfer, describing such Transfer in reasonable detail, and the
written consent of the Company shall be required prior to the consummation of
any such Transfer. Any Transfer or attempted Transfer of the Securities is void
except to the extent that such Transfer has been made in compliance with the
provisions hereof. Each Debenture and/or each certificate representing the
Series A Preferred Stock Transferred hereunder shall bear a legend as to the
applicable restrictions on transferability in order to ensure compliance with
such Securities Laws, unless in the opinion of counsel for the Company such
legend is not required. The Company may issue stop transfer instructions to its
transfer agent in connection with such restrictions.

         33. Representations of Holder. This Debenture is issued to the Holder
in reliance upon the Holder's representations to the Company, which by its
acceptance hereof the Holder hereby confirms, that: (i) the Securities are and
will be acquired for investment for the Holder's own account, and not with a
view to the sale or distribution of any part thereof; (ii) the Holder is an
"accredited investor" within the meaning of Rule 501 under the 1933 Act, is
experienced in evaluating and investing in companies such as the Company, has
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of this investment and has the ability to
bear the economic risks of this investment; and (iii) the Holder understands
that the Securities may not be sold, transferred or otherwise disposed of
without registration under the Securities Laws or exemption therefrom, that the
Company has no obligation to register the Securities, that in the absence of
such registration or exemption, the Securities must be held indefinitely, and
that the Securities may not be sold pursuant to Rule 144 under the 1933 Act
unless all of the conditions of that Rule are met, which conditions are not
currently met.

         34. Notices. Unless otherwise provided, all notices and other
communications required or permitted under this Debenture shall be in writing



<PAGE>

and shall be mailed by United States first-class mail, postage prepaid or
delivered personally by hand or by a nationally recognized courier addressed to
the party to be notified at the address indicated for such person on the
signature page hereof, or at such other address as such party may designate by
ten (10) days' advance written notice to the other parties hereto. All such
notices and other written communications shall be effective on the date of
mailing or delivery.

         35. No Stockholder Rights. Nothing contained in this Debenture shall be
construed as conferring upon the Holder or any other person the right to vote or
to consent or to receive notice as a stockholder in respect of meetings of
stockholders for the election of directors of the Company or any other matters
or any rights whatsoever as a stockholder of the Company, and no dividends or
interest shall be payable or accrued in respect of this Debenture or the
interest represented hereby or the Series A Preferred Stock obtainable hereunder
until, and only to the extent that, this Debenture shall have been converted.

         14. No Waiver, Etc. (a) It is expressly agreed that any waiver by
Holder of any item or provision hereof or of any right, remedy or option under
this Debenture shall not be controlling, nor shall it prevent or estop Holder
from thereafter enforcing such term, provision, right, remedy or option in any
other instance, and neither the failure or refusal of Holder to insist in any
one or more instances upon the strict performance of this Debenture, nor the
acceptance by Holder of any payment less than the amount then due hereunder,
shall be construed as a waiver or relinquishment for the future of any such term
or provision or the amount remaining due, but the same shall continue in full
force and effect, it being understood and agreed that Holder's rights, remedies
and options under this Debenture are and shall be cumulative and are in addition
to all of the rights, remedies and options of Holder in law or in equity, or
under any other agreement.


         (b) If any of the terms or provisions of this Debenture are construed
as binding or obligating the Company or any other person or entity obligated
hereunder to pay interest in excess of that authorized by law, such obligation
shall, ipso facto, be reduced to the limit of such validity, with the portion of
the excess applied and deemed to have been a payment in reduction of the
principal, it being the intent of the Company and Holder that neither the
Company nor any other person or entity obligated hereunder shall ever be
required or obligated under the terms of this Debenture or otherwise to pay
interest in excess of the maximum amount permitted by law.

         (c) The provisions of this Debenture are severable and if any one
provision hereof shall be held invalid or unenforceable in whole or in part in
any jurisdiction, such invalidity or unenforceability shall affect only such
provision in such jurisdiction. This Debenture expresses the entire
understanding of the parties with respect to the transactions contemplated
hereby. The Company and every endorser and guarantor of this Debenture
regardless of the time, order or place of signing hereby waives presentment,
demand, protest and notice of every kind, and assents to any extension or
postponement of the time for payment or any other indulgence, to any
substitution, exchange or release of collateral, and to the addition or release
of any other party or person primarily or secondarily liable.



<PAGE>

         15. Governing Law; Arbitration. This Debenture shall be governed by and
construed in accordance with the laws of the State of Delaware, excluding that
body of law relating to conflict of laws. Any controversy or claim arising out
of or relating to this Debenture or the breach thereof shall be settled by
arbitration administered by the American Arbitration Association under its
Commercial Arbitration Rules, and judgment on the award rendered by the
arbitrator may be entered in any court having jurisdiction hereunder. The
Company, and the Holder by the acceptance of this Debenture, each hereby
irrevocably (i) submit to the jurisdiction of the Circuit Court of Tennessee
sitting in Knox County in respect of any suit, action or proceeding arising out
of or pertaining to the enforcement of the foregoing arbitration provision or
any award thereunder, (ii) accept, generally and unconditionally, jurisdiction
of the foregoing court, and (iii) waive, to the fullest extent possible under
applicable law, any objection to the laying of venue of any such suit, action or
proceeding brought in any such court and any claim that such suit, action or
proceeding has been brought in an inconvenient forum. Such arbitration shall be
conducted by one (1) arbitrator mutually agreeable to the Company and a
majority-in-interest of the Investors, or failing such agreement, an arbitrator
experienced in similarly-sized companies appointed by the AAA. There shall be
limited discovery prior to the arbitration hearing as follows: (a) exchange of
witness lists and copies of documentary evidence and documents relating to or
arising out of the issues to be arbitrated, (b) depositions of all party
witnesses, and (c) such other depositions as may be allowed by the arbitrator
upon a showing of good cause. Depositions shall be conducted in accordance with
the Tennessee Code, the arbitrator shall be required to provide in writing to
the Parties the basis for the award or order of such arbitrator, and a court
reporter shall record all hearings, with such record constituting the official
transcript of such proceedings.

         16.      Headings;  References.  All headings used herein are used for
                  ---------------------
convenience only and shall not be used to construe or interpret this  Debenture.
Except  where  otherwise  indicated,  all  references  herein to
Sections refer to Sections hereof.

         IN WITNESS WHEREOF, the Company has caused this Debenture to be
executed this _13th___ day of February, 2002.

GOTRAIN CORP.

By: ___/s/ GARY CURTIS____________________________
         Gary Curtis, Chief Executive Officer

HOLDER:

      /s/ BERNIE HALL________________________________
Sign

     Attorney in Fact________________________________
Polmeroy Limited
Registered Office of Polmeroy Limited
Bison Court



<PAGE>

Post Office Box 3460
Road Town
Tortola, British Virgin Islands

cc:  Polmeroy Limited
       Post Office Box 274
       Thirty Six Hilgrove Street
       St. Helier, Jersey JE4 8TR