Document:

Exhibit 4.2
                                FIRST DEBENTURE A

NEITHER THESE  SECURITIES  NOR THE  SECURITIES  INTO WHICH THESE  SECURITIES ARE
CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE  COMMISSION OR
THE  SECURITIES  COMMISSION  OF ANY STATE IN  RELIANCE  UPON AN  EXEMPTION  FROM
REGISTRATION  UNDER  RULE  504  OF  REGULATION  D  PROMULGATED  UNDER  THE  U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND IN COMPLIANCE WITH
APPLICABLE STATE SECURITIES LAWS.

US $184,000                                                      AUGUST 12, 2004

                 1.5% CONVERTIBLE DEBENTURE DUE AUGUST 11, 2009

         THIS DEBENTURE of Aciem  Management,  Inc., a New York corporation (the
"Company") in the aggregate principal amount of One Hundred Eighty Four Thousand
Dollars (US $184,000), is designated as its $184,000, 1.5% Convertible Debenture
due August 11, 2009 (the "Debentures").

         FOR VALUE RECEIVED, the Company promises to pay to HEM Mutual Assurance
LLC or its registered  assigns (the "Holder"),  the principal sum of One Hundred
Eighty Four Thousand Dollars (US $184,000),  on or prior to August 11, 2009 (the
"Maturity  Date") and to pay interest to the Holder on the  principal sum at the
rate of one point five  percent  (1.5%) per annum.  Interest  shall accrue daily
commencing on the Original  Issuance Date (as defined in Section 1 below) in the
form of cash or common  stock of the Company  selected by the Holder  subject to
the  provisions  of Section 2(b) hereof,  until payment in full of the principal
sum,  together  with all  accrued  and  unpaid  interest,  has been made or duly
provided  for.  If at any time  after  the  Original  Issuance  Date an Event of
Default has occurred  and is  continuing,  interest  shall accrue at the rate of
fifteen  percent  (15%) per annum from the date of the Event of Default  and the
applicable  cure period through and including the date of payment.  Interest due
and payable  hereunder  shall be paid to the person in whose name this Debenture
(or one or more  successor  Debentures)  is  registered  on the  records  of the
Company  regarding  registration and transfers of the Debentures (the "Debenture
Register");  provided, however, that the Company's obligation to a transferee of
this Debenture shall arise only if such transfer,  sale or other  disposition is
made in accordance  with the terms and conditions  hereof and of the Convertible
Debenture  Purchase  Agreement  (the  "Purchase  Agreement")  by and between the
Company and the Purchaser  (as such term is defined in the Purchase  Agreement),
dated as of August 12,  2004,  as the same may be amended  from time to time.  A
transfer of the right to receive  principal  and interest  under this  Debenture
shall be  transferable  only  through  an  appropriate  entry  in the  Debenture
Register as provided herein.

         If the Company in order to  consummate a merger (the  "Merger")  enters
into a merger  agreement or similar  agreement  with other  parties (the "Merger
Partners"), the Merger Partners will effective upon the consummation of any such

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Merger assume all of the obligations,  jointly and severally,  with the Company,
under this Debenture and substitute the Company's Common Stock,  into which this
Debenture is  convertible,  for common stock of such Merger  Partner ("MP Common
Stock")  including  depositing  60,000,000  shares of MP Common  Stock  with the
Escrow  Agent (as  defined in the  Purchase  Agreement).  If and when the Merger
occurs, at the time such Merger is effective,  the Escrow Agent will deliver the
Company's Common Stock being held in accordance with the Purchase  Agreement and
this Debenture to the Company.  If the Merger occurs, then (i) references herein
to Company  Common  Stock shall be  references  to MP Common  Stock and (ii) any
references  the Company shall be read as references to the MP that issued the MP
Common Stock as if this  Debenture were issued on the date hereof by the MP that
issued the MP Common Stock and the Company shall have no further  obligations to
issue  shares of Common  Stock  hereunder.  For the benefit of the  Holder,  the
Company  shall  use its  best  efforts  to  effectuate  the  intentions  of this
paragraph.

         If  there  is  a  Merger  all  of  the  provisions  of  this  Debenture
(specifically  including  Section  4) shall be read and  interpreted  as if this
Debenture  was issued by the Merger  Partner  issuing the MP Common Stock on the
date hereof and this Debenture was initially convertible into MP Common Stock.

         This Debenture is subject to the following additional provisions:

         Section  1.  Definitions.  Capitalized  terms  used  and not  otherwise
defined  herein  shall  have the  meanings  given  such  terms  in the  Purchase
Agreement.  As used in this  Agreement,  the  following  terms  shall  have  the
following meanings:

         "Adjusted  Conversion  Price" means the lesser of the Fixed  Conversion
Price or the Floating  Conversion Price one day prior to the record date set for
the determination of stockholders entitled to receive dividends,  distributions,
rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

         "Company" shall mean the Company (as defined in the Purchase Agreement)
or in the event there is a Merger,  shall mean such Merger  Partner  that issues
the MP Common Stock.

         "Common  Stock" shall mean the Common Stock (as defined in the Purchase
Agreement)  and in the event there is a Merger,  shall mean the MP Common  Stock
(as   adjusted   for  any   reverse   splits,   forward   splits,   combination,
reclassification  or stock  dividend  from the date the  Purchase  Agreement  is
signed).

         "Conversion  Date"  shall have the  meaning  set forth in Section  4(a)
hereof.

         "Conversion  Ratio"  means,  at any time, a fraction,  the numerator of
which is the then  outstanding  principal  amount  represented by the Debentures
plus accrued but unpaid  interest  thereon,  and the denominator of which is the
conversion price at such time.

         "Fixed  Conversion  Price"  shall have the meaning set forth in Section
4(c)i hereof.

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         "Floating Conversion Price" shall have the meaning set forth in Section
4(c)i hereof.

         "Maximum  Conversion"  shall  have the  meaning  set  forth in  Section
4(c)(i) hereof.

         "Notice of Conversion" shall have the meaning set forth in Section 4(a)
hereof.

         "Original  Issuance  Date" shall mean the date of the first issuance of
this Debenture regardless of the number of transfers hereof.

         Section 2.  Denominations  of Debentures;  Interest on Debentures.  The
Debentures  are  exchangeable  for  an  equal  aggregate   principal  amount  of
Debentures  of different  authorized  denominations,  as requested by the Holder
surrendering  the same, but shall not be issuable in  denominations of less than
integral multiplies of One Thousand Dollars (US$1,000.00).  No service charge to
the Holder will be made for such registration of transfer or exchange.

         Section 3.        Events of Default and Remedies.

         I. "Event of Default," when used herein, means any one of the following
events  (whatever  the reason and whether any such event shall be  voluntary  or
involuntary or effected by operation of law or pursuant to any judgment,  decree
or order of any court, or any order, rule or regulation of any administrative or
governmental body):

         (a) any default in the payment of the  principal of or interest on this
Debenture  as and when the same  shall  become  due and  payable  either  at the
Maturity Date, by acceleration, conversion, or otherwise;

          (b) the Company  shall fail to observe or perform any other  covenant,
agreement  or warranty  contained  in, or  otherwise  commit any breach of, this
Debenture,  and such failure or breach shall not have been remedied  within five
(5) Business Days of its receipt of notice of such failure or breach;

         (c) the  occurrence  of any event or breach or default  by the  Company
under the Purchase Agreement or any other Transaction Document and , if there is
a cure period,  such failure or breach shall not have been  remedied  within the
cure period provided for therein;

         (d) the Company or any of its  Subsidiaries  shall commence a voluntary
case under the United  States  Bankruptcy  Code as now or hereafter in effect or
any  successor  thereto  (the  "Bankruptcy  Code");  or an  involuntary  case is
commenced  against the Company under the Bankruptcy Code and the petition is not
controverted  within  thirty (30) days,  or is not  dismissed  within sixty (60)
days,  after  commencement  of the case;  or a  "custodian"  (as  defined in the
Bankruptcy  Code) is appointed  for, or takes charge of, all or any  substantial
part  of the  property  of  the  Company  or the  Company  commences  any  other
proceeding under any reorganization,  arrangement, adjustment of debt, relief of

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debtors,   dissolution,   insolvency  or  liquidation  or  similar  law  of  any
jurisdiction whether now or hereafter in effect relating to the Company or there
is commenced  against the Company any such proceeding which remains  undismissed
for a period of sixty (60) days;  or the  Company is  adjudicated  insolvent  or
bankrupt;  or any  order of  relief or other  order  approving  any such case or
proceeding is entered;  or the Company  suffers any appointment of any custodian
or the like  for it or any  substantial  part of its  property  which  continues
undischarged  or unstayed for a period of thirty (30) days; or the Company makes
a general assignment for the benefit of creditors;  or the Company shall fail to
pay, or shall state in writing  that it is unable to pay its debts  generally as
they become due; or the  Company  shall call a meeting of its  creditors  with a
view to arranging a composition or adjustment of its debts; or the Company shall
by  any  act  or  failure  to  act  indicate  its  consent  to,  approval  of or
acquiescence in any of the foregoing;  or any corporate or other action is taken
by the Company for the purpose of effecting any of the foregoing;

         (e) the  Company  shall  default  in any of its  obligations  under any
mortgage,  indenture or instrument under which there may be issued,  or by which
there may be secured or evidenced,  any indebtedness of the Company in an amount
exceeding One Hundred Thousand Dollars ($100,000.00),  whether such indebtedness
now exists or shall  hereafter be created and such default  shall result in such
indebtedness  becoming or being  declared  due and payable  prior to the date on
which it would otherwise become due and payable;

         (f) the Company shall have its Common Stock deleted or delisted, as the
case  may be,  from  the  American  Stock  Exchange,  OTCBB  or  other  national
securities  exchange or market on which such Common  Stock is listed for trading
or suspended from trading thereon,  and shall not have its Common Stock relisted
or have such suspension lifted, as the case may be, within ten (10) Trading Days
of such deletion or delisting;

         (g) notwithstanding anything herein to the contrary, but subject to the
limitations  set forth in the  Debentures,  the Company shall fail to deliver to
the Escrow Agent share  certificates  representing the shares of Common Stock to
be issued upon conversion of the Debentures within three (3) Business Days after
to the  Company's  receipt of notice from the Escrow  Agent to the Company  that
additional  shares of Common Stock are required to be placed in escrow  pursuant
to Section 4.14 of the Purchase  Agreement,  Article 2 of the Escrow  Agreement,
and/or Section 4(b) of this Debenture;

         (h) the Company shall issue a press release, or otherwise make publicly
known,  that it is not honoring a properly executed and duly delivered Notice of
Conversion  complying with the terms of this Debenture,  the Purchase  Agreement
and the Escrow Agreement, for any reason whatsoever; and

         (i) the  Company  issues  or  enters  into an  agreement  to issue  any
convertible security, any equity line of credit, or any security issued pursuant
to Rule 504 of Regulation D promulgated  under the Securities Act, other than to
the Purchaser or any of its Affiliates or assigns,  during the period commencing
on the date hereof and ending on the five year  anniversary of the  Post-Closing
Date.

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         II. (a) If any Event of Default  occurs,  and  continues  beyond a cure
period,  if any,  then  the  Holder  may,  by  written  notice  to the  Company,
accelerate all of the payments due under this Debenture by declaring all amounts
so due under this Debenture, whereupon the same shall become immediately due and
payable without presentment, demand, protest or other notice of any kind, all of
which are waived by the Company,  notwithstanding  anything  contained herein to
the  contrary,  and the Holder may  immediately  and without  expiration  of any
additional grace period enforce any and all of its rights and remedies hereunder
and all other remedies  available to it under  applicable law. Such  declaration
may be  rescinded  and  annulled  by the  Holder  at any time  prior to  payment
hereunder.  No such rescission or annulment shall affect any subsequent Event of
Default or impair any right consequent thereon.  This shall include,  but not be
limited to the right to temporary,  preliminary and permanent  injunctive relief
without the requirement of posting any bond or undertaking.

         (b) The Holder may thereupon  proceed to protect and enforce its rights
either  by suit in  equity  and/or  by  action  at law or by  other  appropriate
proceedings  whether for the specific  performance  (to the extent  permitted by
law) of any covenant or agreement  contained in this  Debenture or in aid of the
exercise  of any power  granted in this  Debenture,  and  proceed to enforce the
payment of any of the  Debentures  held by it, and to enforce any other legal or
equitable right of such Holder.

         (c) Except as expressly provided for herein,  the Company  specifically
(i)  waives  all  rights  it may have (A) to  notice  of  nonpayment,  notice of
default, demand, presentment,  protest and notice of protest with respect to any
of the  obligations  hereunder  or the shares of Common  Stock and (B) notice of
acceptance  hereof or of any other action taken in reliance  hereon,  notice and
opportunity  to be heard  before the  exercise by the Holder of the  remedies of
self-help,  set-off,  or other  summary  procedures  and all other  demands  and
notices of any type or  description  except for cure  periods,  if any; and (ii)
releases the Holder, its officers,  directors,  agents,  employees and attorneys
from all  claims  for loss or damage  caused by any act or failure to act on the
part of the Holder,  its officers,  attorneys,  agents,  directors and employees
except for gross negligence or willful misconduct.

         (d) As a  non-exclusive  remedy,  upon  the  occurrence  of an Event of
Default, the Holder may convert the remaining principal amount of the Debentures
and accrued  interest thereon at the lesser of the Fixed Conversion Price or the
Floating  Conversion  Price upon giving a Notice of  Conversion  to the Company.
Except as otherwise  provided  herein,  the Company  shall not have the right to
object to the conversion or the calculation of the applicable  conversion price,
absent  manifest  error and the Escrow Agent shall  release the shares of Common
Stock from escrow upon notifying the Company of the conversion.

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         III. To  effectuate  the terms and  provision  of this  Debenture,  the
Holder  may give  notice of any  default  to the  Attorney-in-Fact  as set forth
herein  and  give a  copy  of  such  notice  to the  Company  and  its  counsel,
simultaneously,  and  request the  Attorney-in-Fact  to comply with the terms of
this  Debenture  and the  Purchase  Agreement  and all  agreements  entered into
pursuant to the Purchase Agreement on behalf of the Company.

         Section 4. Conversion.

         (a) Except as otherwise set forth herein or in the Purchase  Agreement,
the unpaid  principal  amount of this Debenture shall be convertible into shares
of Common Stock at the  Conversion  Ratio as defined  above,  and subject to the
Limitation on Conversion described in Section 4.18 of the Purchase Agreement, at
the option of the Holder,  in whole or in part,  at any time,  commencing on the
Original  Issuance  Date.  Such  shares of Common  Stock  shall be  without  any
restriction  and freely  tradable  pursuant to Rule 504 of  Regulation  D of the
Securities  Act. Any  conversion  under this Section 4(a) shall be for a minimum
principal  amount of $1,000.00 of the Debentures  plus the interest  accrued and
due thereon.  The Holder shall effect  conversions by surrendering the Debenture
to be converted to the Escrow Agent,  together with the form of notice  attached
hereto as Appendix I ("Notice of Conversion") in the manner set forth in Section
4(j) hereof.  Each Notice of Conversion  shall  specify the principal  amount of
Debentures  to be  converted  and the date on  which  such  conversion  is to be
effected  (the  "Conversion  Date")  which  date  shall not be less than two (2)
Business  Days after the date on which the Notice of  Conversion is delivered to
the Escrow  Agent.  Subject to the last  paragraph of Section 4(b) hereof,  each
Notice  of  Conversion,  once  given,  shall be  irrevocable.  If the  Holder is
converting less than all of the principal  amount  represented by the Debentures
tendered by the Holder in the Notice of Conversion, the Company shall deliver to
the Holder a new Debenture for such  principal  amount as has not been converted
within  two (2)  Business  Days of the  Conversion  Date.  In the event that the
Escrow Agent holds the  Debentures on behalf of the Holder,  the Company  agrees
that in lieu of surrendering the Debentures upon every partial  conversion,  the
Escrow Agent shall give the Company and the Holder  written notice of the amount
of the Debentures left unconverted. Upon conversion in full of the Debentures or
upon the Maturity  Date,  the Escrow Agent shall return the  Debentures  and the
Escrow Shares, if any, to the Company for cancellation.

         (b) Not later than two (2) Business Days after the Conversion Date, the
Escrow  Agent  shall  deliver to the Holder (i) a  certificate  or  certificates
representing  the  number  of shares of Common  Stock  being  acquired  upon the
conversion of the Debentures, and once the Debentures so converted in part shall
have been  surrendered  to the Company,  the Company shall deliver to the Holder
Debentures  in  the  principal  amount  of the  Debentures  not  yet  converted;
provided, however, that the Company shall not be obligated to issue certificates
evidencing  the  shares  of  Common  Stock  issuable  upon   conversion  of  the
Debentures,  until the  Debentures  are either  delivered for  conversion to the
Escrow Agent or the Company or any transfer  agent for the  Debentures or Common
Stock,  or the Holder  notifies the Company that such Debentures have been lost,
stolen  or  destroyed  and  provides  an  affidavit  of  loss  and an  agreement
reasonably  acceptable  to the Company  indemnifying  the Company  from any loss
incurred by it in connection with such loss,  theft or destruction.  In the case

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of a  conversion  pursuant to a Notice of  Conversion,  if such  certificate  or
certificates are not delivered by the date required under this Section 4(b), the
Holder shall be entitled,  upon  providing  written notice to the Company at any
time on or before its receipt of such certificate or certificates thereafter, to
rescind such conversion,  in which event, the Company shall  immediately  return
the Debentures tendered for conversion.

         Subject to any  limitations  set forth in the Purchase  Agreement,  the
Company agrees that at any time the conversion  price of the Debentures are such
that the  number  of Escrow  Shares  is less  than  200% of the Full  Conversion
Shares,  upon five (5) Business Days of the Company's  receipt of notice of such
circumstance from the Purchaser and/or the Escrow Agent, the Company shall issue
share  certificates  in the name of the  Purchaser  and  deliver the same to the
Escrow  Agent,  in such number that the new number of Escrow  Shares is equal to
200% of the Full Conversion Shares.

         (c) (i) The  conversion  price  for the  Debentures  in  effect  on any
Conversion  Date shall be the LESSER of (a) the LESSER of $0.10 AND one  hundred
percent  (100%) of the average of the closing bid prices per share of the Common
Stock during the five (5) Trading  Days  immediately  preceding  the Closing (as
defined in the Purchase  Agreement) (the "Fixed Conversion Price") AND (b) fifty
percent  (50%) of the  average  of the three (3) lowest  closing  bid prices per
share of the  Common  Stock  during  the forty  (40)  Trading  Days  immediately
preceding the  Conversion  Date (the  "Floating  Conversion  Price");  provided,
however,  that the aggregate  maximum  number of shares of Common Stock that the
First Debenture A, First Debenture B and Second  Debenture may be converted into
shall be Ten Million (10,000,000) shares (the "Maximum Conversion"); and further
provided,  however, that upon the Maximum Conversion,  the Company shall, at its
option (a) increase the Maximum  Conversion or (b) redeem the unconverted amount
of the First Debenture A, First Debenture B and Second  Debenture in whole or in
part at one hundred twenty five percent (125%) of the unconverted amount of such
Debentures  being  redeemed  plus  accrued  interest  thereon.  For  purposes of
determining the closing bid price on any day,  reference shall be to the closing
bid price for a share of Common  Stock on such date on the OTCBB (or such  other
exchange,  market,  or other system that the Common Stock is then traded on), as
reported on Bloomberg, L.P. (or similar organization or agency succeeding to its
functions of reporting prices).

                  (ii) If the Company,  at any time while any of the  Debentures
are outstanding, (a) shall pay a stock dividend or otherwise make a distribution
or  distributions on shares of its Common Stock payable in shares of its capital
stock (whether  payable in shares of its Common Stock or of capital stock of any
class), (b) subdivide outstanding shares of Common Stock into a larger number of
shares, (c) combine  outstanding shares of Common Stock into a smaller number of
shares,  or (d) issue by  reclassification  any shares of  capital  stock of the
Company,  the Fixed  Conversion  Price as applied in  Section  4(c)(i)  shall be
multiplied  by a fraction,  the numerator of which shall be the number of shares
of Common Stock of the Company outstanding immediately before such event and the
denominator  of which shall be the number of shares of Common Stock  outstanding
immediately  after giving effect to such event.  Any adjustment made pursuant to
this Section 4(c)(ii) shall become effective  immediately  after the record date

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for the  determination  of  stockholders  entitled to receive  such  dividend or
distribution and shall become effective  immediately after the effective date in
the case of a  subdivision,  combination or  reclassification,  provided that no
adjustment  shall  be made if the  Company  does  not  complete  such  dividend,
distribution, subdivision, combination or reclassification.

                  (iii)  If,  at  any  time  while  any of  the  Debentures  are
outstanding,  the Company  issues or sells shares of Common  Stock,  or options,
warrants or other  rights to  subscribe  for or purchase  shares of Common Stock
(excluding shares of Common Stock issuable upon the conversion of the Debentures
or upon the exercise of options,  warrants or conversion rights granted prior to
the date  hereof) and at a price per share less than the Per Share  Market Value
(as defined in the  Purchase  Agreement)  of the Common  Stock at the issue date
mentioned  below,  the Fixed Conversion Price shall be multiplied by a fraction,
the numerator of which shall be the number of shares of Common Stock  (excluding
treasury  shares,  if any)  outstanding  on the date of issuance of such shares,
options,  warrants  or rights  plus the  number of  shares  which the  aggregate
offering  price of the total number of shares so offered would  purchase at such
Per Share  Market  Value,  and the  denominator  of which shall be the number of
shares of Common Stock (excluding  treasury  shares,  if any) outstanding on the
date of  issuance  of such  options,  rights  or  warrants  plus the  number  of
additional  shares of Common Stock offered for  subscription  or purchase.  Such
adjustment  shall be made whenever  such options,  rights or warrants are issued
(and if such  adjustment is made, no further  adjustment  will be made when such
options,  rights  or  warrants  are  exercised),   and  shall  become  effective
immediately after the record date for the determination of stockholders entitled
to receive such options, rights or warrants. However, upon the expiration of any
options,  right or warrant to  purchase  Common  Stock,  the  issuance  of which
resulted in an adjustment in the conversion  price designated in Section 4(c)(i)
hereof pursuant to this Section 4(c)(iii), if any such options, right or warrant
shall expire and shall not have been exercised, the Fixed Conversion Price shall
immediately  upon such expiration be recomputed and effective  immediately  upon
such  expiration  be  increased  to the  price  which it would  have  been  (but
reflecting any other  adjustments  in the conversion  price made pursuant to the
provisions  of this Section 4 after the issuance of such rights or warrants) had
the adjustment of the  conversion  price made upon the issuance of such options,
rights or  warrants  been  made on the basis of  offering  for  subscription  or
purchase only that number of shares of Common Stock actually  purchased upon the
exercise of such options,  rights or warrants actually exercised.  There will be
no adjustment under this Section  4(c)(iii) if Common Stock is issued due to the
(x) exercise of employee  stock options that were issued to such  employee,  (y)
exercise of other options, warrants or rights to subscribe for or purchase that,
in any case, are issued at an exercise or subscription  price equal to Per Share
Market  Value,  or (z)  issuance of shares that are issued to Richard  Goldring,
Elliot Osher, William Osher pursuant to the "antidilution"  provisions contained
in the Acquisition Agreement dated March 31, 2003, as amended by Amendment No. 1
to the  Acquisition  Agreement,  dated  August  12,  2004,  both  among  Go West
Entertainment,  Inc., Richard Goldring,  Elliot Osher,  William Osher and Scores
Holding Company, Inc.

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                  (iv) If, at any time while  Debentures  are  outstanding,  the
Company  distributes  to all  holders  of Common  Stock  (and not to  holders of
Debentures)  evidences of Company  indebtedness or assets, or rights or warrants
to  subscribe  for or purchase  any  security  (excluding  those  referred to in
Section  4(c)(iii)  hereof),  then, in each such case, the  conversion  price at
which each Debenture then outstanding  shall thereafter be convertible  shall be
determined by multiplying (A) the Fixed Conversion  Price in effect  immediately
prior to the record date fixed for  determination  of  stockholders  entitled to
receive such distribution by a fraction, the numerator of which shall be the Per
Share  Market  Value  of the  Common  Stock  determined  as of the  record  date
mentioned  above  less the then fair  market  value at such  record  date of the
portion of such assets or evidence of indebtedness so distributed  applicable to
one outstanding share of Common Stock as determined by the Board of Directors in
good faith and the  denominator  of which shall be the Per Share Market Value of
the Common Stock on such record date; provided,  however, that in the event of a
distribution  exceeding ten percent (10%) of the net assets of the Company, such
fair market  value  shall be  determined  by a  nationally  recognized  or major
regional  investment  banking  firm  or  firm of  independent  certified  public
accountants  of  nationally  recognized  standing  (which  may be the firm  that
regularly  examines the financial  statements  of the Company) (an  "Appraiser")
selected in good faith by the holders of a majority of the  principal  amount of
the Debentures then outstanding;  and provided, further, that the Company, after
receipt of the  determination by such Appraiser,  shall have the right to select
an additional Appraiser,  in which case such fair market value shall be equal to
the average of the  determinations  by each such  Appraiser.  In either case the
adjustments  shall be  described  in a statement  provided to the Holder and all
other   holders  of  Debentures  of  the  portion  of  assets  or  evidences  of
indebtedness so distributed or such subscription  rights applicable to one share
of Common Stock. Such adjustment shall be made whenever any such distribution is
made and shall  become  effective  immediately  after the record date  mentioned
above.  The Company  shall pay all fees and expenses of any  Appraiser  selected
under this Section 4(c)(iv).

                  (v) All calculations under this Section 4 shall be made to the
nearest  1/1000th of a cent or the nearest  1/1000th of a share, as the case may
be. Any  calculation  equal to or over .005 shall be rounded up to the next cent
or share  and any  calculation  less  than  .005  shall be  rounded  down to the
previous cent or share.

                  (vi)  In the  event  the  conversion  price  is  not  adjusted
pursuant to Section  4(c)(ii) or (v), within two (2) Business Days following the
occurrence  of an event  described  therein and, in the case of Section  4c(iv),
within three (3) Business Days  following the  determination  of the fair market
value by the  Appraiser(s),  the  Holder  shall  have the right to  require  the
Company  to  redeem  the   Debentures   at  140%  of  the  Purchase   Price  and
simultaneously  pay such amount and all accrued  interest  and  dividends to the
Holder pursuant to the written instructions  provided by the Holder. The Company
will have two (2) Business Days to make the appropriate adjustment from the time
the  Company is  provided  with  written  notice from the Holder of a failure to
comply with this Section 4.

                                       9
<PAGE>

                  (vii) Whenever the Fixed Conversion Price is adjusted pursuant
to Section  4(c)(ii),(iii)  or (iv),  the Company  shall within two (2) Business
Days after the  determination of the new Fixed Conversion Price mail and fax (in
the  manner set forth in  Section  4(j)  hereof) to the Holder and to each other
holder of Debentures, a notice ("Company Notice of Conversion Price Adjustment")
setting forth the Fixed Conversion Price after such adjustment and setting forth
a brief statement of the facts requiring such adjustment.

                  (viii) In case of any  reclassification  of the Common  Stock,
any consolidation or merger of the Company with or into another person, the sale
or  transfer  of all or  substantially  all of the assets of the  Company or any
compulsory  share exchange  pursuant to which the Common Stock is converted into
other  securities,  cash or  property,  then  each  holder  of  Debentures  then
outstanding shall have the right thereafter to convert such Debentures only into
the shares of stock and other securities and property  receivable upon or deemed
to  be  held  by  holders  of  Common  Stock  following  such  reclassification,
consolidation, merger, sale, transfer or share exchange (except in the event the
property is cash, then the Holder shall have the right to convert the Debentures
and receive cash in the same manner as other stockholders), and the Holder shall
be entitled  upon such event to receive such amount of securities or property as
the holder of shares of the Common Stock into which such  Debentures  could have
been  converted  immediately  prior  to  such  reclassification,  consolidation,
merger, sale, transfer or share exchange would have been entitled.  The terms of
any such consolidation,  merger,  sale, transfer or share exchange shall include
such terms so as to  continue  to give to the  Holder  the right to receive  the
securities or property set forth in this Section  4(c)(viii) upon any conversion
following such consolidation,  merger,  sale,  transfer or share exchange.  This
provision shall similarly apply to successive reclassifications, consolidations,
mergers, sales, transfers or share exchanges;

                  (ix) If:

                           (A)  the  Company  shall  declare a dividend  (or any
                                other distribution) on its Common Stock; or

                           (B)  the    Company    shall    declare   a   special
                                non-recurring  cash  dividend  redemption of its
                                Common Stock; or

                           (C)  the  Company  shall  authorize  the grant to all
                                holders of the Common  Stock  rights or warrants
                                to  subscribe  for or  purchase  any  shares  of
                                capital stock of any class or of any rights; or

                           (D)  the approval of any  stockholders of the Company
                                shall  be  required  in   connection   with  any
                                reclassification  of  the  Common  Stock  of the
                                Company (other than a subdivision or combination
                                of the outstanding  shares of Common Stock), any
                                consolidation  or merger to which the Company is
                                a  party,   any  sale  or  transfer  of  all  or
                                substantially  all of the assets of the Company,
                                or any  compulsory  share  exchange  whereby the
                                Common Stock is converted into other securities,
                                cash or property; or

                                       10
<PAGE>

                           (E)  the Company  shall  authorize  the  voluntary or
                                involuntary    dissolution,    liquidation    or
                                winding-up of the affairs of the Company;

then the Company shall cause to be filed at each office or agency maintained for
the purpose of conversion of Debentures,  and shall cause to be mailed and faxed
to the Holder and each other holder of the  Debentures  at their last  addresses
and facsimile  number set forth in the  Debenture  Register at least twenty (20)
calendar  days prior to the  applicable  record or  effective  date  hereinafter
specified,  a notice  stating  (x) the date on which a record is to be taken for
the purpose of such dividend,  distribution,  redemption, rights or warrants, or
if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distributions,  redemption, rights or
warrants are to be determined,  or (y) the date on which such  reclassification,
consolidation,  merger, sale, transfer, share exchange, dissolution, liquidation
or  winding-up is expected to become  effective,  and the date as of which it is
expected  that  holders of Common  Stock of record shall be entitled to exchange
their shares of Common Stock for securities or other property  deliverable  upon
such reclassification,  consolidation,  merger, sale, transfer,  share exchange,
dissolution,  liquidation or winding-up;  provided, however, that the failure to
mail such  notice or any defect  therein  or in the  mailing  thereof  shall not
affect the  validity of the  corporate  action  required to be specified in such
notice.

         (d) If at any time  conditions  shall  arise by  reason  of  action  or
failure to act by the Company, which action or failure to act, in the opinion of
the Board of Directors of the Company,  is not  adequately  covered by the other
provisions  hereof and which might materially and adversely affect the rights of
the Holder and all other  holders of Debentures  (different  or  distinguishable
from the effect  generally  on rights of  holders of any class of the  Company's
capital  stock),  the Company shall, at least twenty (20) calendar days prior to
the effective date of such action,  mail and fax a written notice to each holder
of  Debentures  briefly  describing  the action  contemplated,  and an Appraiser
selected  by the  holders of majority  in  principal  amount of the  outstanding
Debentures shall give its opinion as to the adjustment, if any (not inconsistent
with the standards  established  in this Section 4 and the terms of the Purchase
Agreement and the Debentures), of the conversion price (including, if necessary,
any  adjustment as to the  securities  into which  Debentures  may thereafter be
convertible)  and any  distribution  which is or would be  required  to preserve
without  diluting the rights of the holders of  Debentures;  provided,  however,
that the Company,  after receipt of the  determination by such Appraiser,  shall
have the right to select an additional  Appraiser,  in which case the adjustment
shall  be equal to the  average  of the  adjustments  recommended  by each  such
Appraiser. The Company shall pay all fees and expenses of any Appraiser selected
under this Section  4(d).  The Board of Directors of the Company  shall make the
adjustment recommended forthwith upon the receipt of such opinion or opinions or
the  taking  of any such  action  contemplated,  as the  case may be;  provided,
however, that no such adjustment of the conversion price shall be made which, in
the opinion of the Appraiser(s) giving the aforesaid opinion or opinions,  would
result in an increase of the conversion price above the conversion price then in
effect.

                                       11
<PAGE>

         (e) Subject to the terms and  limitations  set forth in the  Debentures
and the Purchase Agreement, including without limitation, Sections 4.14 and 4.28
thereof,  the Company covenants and agrees that it shall, at all times,  reserve
and keep available out of its  authorized  and unissued  Common Stock solely for
the purpose of issuance upon  conversion of the  Debentures as herein  provided,
free from preemptive  rights or any other actual  contingent  purchase rights of
persons  other than the Holder of the  Debentures,  two (2) times such number of
shares of Common Stock as shall be issuable (taking into account the adjustments
and restrictions of Section 4(c) and Section 4(d) hereof) upon the conversion of
the  aggregate  principal  amount of the  outstanding  Debentures.  The  Company
covenants  that,  subject to the limitations set forth in this Section 4(e), all
shares of Common Stock that shall be issuable upon  conversion of the Debentures
shall, upon issuance,  be duly and validly  authorized and issued and fully paid
and non-assessable.

        (f) No  fractional  shares  of Common  Stock  shall be  issuable  upon a
conversion  hereunder  and the number of shares to be issued shall be rounded up
to the nearest  whole share.  If a  fractional  share  interest  arises upon any
conversion hereunder, the Company shall eliminate such fractional share interest
by issuing to the Holder an additional full share of Common Stock.

         (g) The issuance of a certificate or certificates  for shares of Common
Stock upon  conversion  of the  Debentures  shall be made without  charge to the
Holder for any documentary stamp or similar taxes that may be payable in respect
of the issuance or delivery of such certificate, provided that the Company shall
not be  required  to pay any tax that may be payable in respect of any  transfer
involved in the issuance and delivery of any such certificate upon conversion in
a name other than that of the Holder and the  Company  shall not be  required to
issue or  deliver  such  certificates  unless  or until the  person  or  persons
requesting  the  issuance  thereof  shall have paid to the Company the amount of
such tax or shall have  established to the satisfaction of the Company that such
tax has been paid.

         (h) The  Debentures  converted into Common Stock shall be canceled upon
conversion.

         (i) On the  Maturity  Date,  the  unconverted  principal  amount of the
Debentures  and all interest due thereon shall either be paid off in full by the
Company  or, if payment in full is not  received  within two (2)  Business  Days
after the Maturity Date,  convert  automatically  into shares of Common Stock at
the lesser of the Fixed  Conversion  Price and the Floating  Conversion Price as
set forth in Section 4(c)(i).

         (j) Each Notice of Conversion shall be given by facsimile to the Escrow
Agent no later than 4:00 pm New York time on any Business  Day.  Upon receipt of
such  Notice of  Conversion,  the Escrow  Agent  shall  forward  such  Notice of
Conversion  to the Company by facsimile by 6:00 p.m. New York time on the day on
which the Escrow  Agent  receives  the Notice of  Conversion,  at the  facsimile

                                       12
<PAGE>

telephone  number and address of the principal place of business of the Company.
Any such notice shall be deemed given and  effective  upon the  transmission  of
such  facsimile  at the  facsimile  telephone  number  specified in the Purchase
Agreement  (with printed  confirmation of  transmission).  In the event that the
Escrow Agent receives the Notice of Conversion  after 4:00 p.m. New York time or
the Company  receives the Notice of Conversion  after 6:00 p.m. New York time on
such  day,  or the  Holder  receives  the  Company  Notice of  Conversion  Price
Adjustment  after 6:00 p.m.  New York time,  any such notice  shall be deemed to
have been given on the next Business Day.

         Section  5.  Redemption  of  Debentures.  (a) At  any  time  after  the
Execution  Date,  so long as no Event of Default  has  occurred  and,  if a cure
period is  provided,  has not been cured,  the Company  shall have the option to
redeem any unconverted  amount of the Debentures,  either in part or whole, upon
no less than thirty (30) days written  notice thereof given to the Holder with a
copy to the Escrow Agent (the "Redemption  Notice"),  at one hundred twenty five
percent (125%) of the unconverted amount of the Debentures plus accrued interest
thereon (the "Redemption Price").  Notwithstanding  anything contained herein to
the contrary,  if the Company decides to redeem the outstanding principal amount
of the  Debenture  under the  second  proviso in the first  sentence  of Section
4(c)(i) of this  Debenture,  the Company shall have three (3) Business Days from
their  decision to redeem the Debenture in order to effectuate the redemption of
such principal amount of the outstanding Debenture.

         (b)  Within  three  (3)  Business  Days  prior  to the date  fixed  for
redemption in the  Redemption  Notice,  the Company shall deposit the Redemption
Price by wire transfer to the IOLA account of the Escrow Agent.  Upon receipt of
the Redemption  Price, on such  redemption  date, the Escrow Agent shall release
the Redemption Price to the Holder and return the remaining  Debentures,  Escrow
Shares and Underlying Shares to the Company.

         (c) In the event that the Company fails to deposit the Redemption Price
in the Escrow  Agent's IOLA account  number within the time allocated in Section
5(b) hereof, then the redemption shall be declared null and void.

         Section 6.  Intentionally Omitted.

         Section 7.  Absolute  Payment  Obligation;  Limitation  on  Prepayment.
Except as expressly  provided herein, no provision of this Debenture shall alter
or impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of, and interest on, this  Debenture at the time,  place,  and
rate, and in the coin or currency, herein prescribed. This Debenture is a direct
obligation  of the  Company.  This  Debenture  ranks  pari  passu with all other
Debentures now or hereafter issued under the terms set forth herein. The Company
may not prepay any portion of the outstanding principal amount on the Debentures
except in  accordance  with the  Purchase  Agreement  or  Sections  4(c)(i) or 5
hereof.

                                       13
<PAGE>

         Section  8. No Rights of  Stockholders.  Except as  otherwise  provided
herein or in the Purchase Agreement, this Debenture shall not entitle the Holder
to any  of the  rights  of a  stockholder  of  the  Company,  including  without
limitation,  the right to vote on or consent to any action, to receive dividends
and other distributions,  or to receive any notice of, or to attend, meetings of
stockholders or any other  proceedings of the Company,  unless and to the extent
converted into shares of Common Stock in accordance with the terms hereof.

         Section 9. Loss,  Theft,  Mutilation or Destruction.  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 an affidavit of
such loss,  theft or  destruction  of such  Debenture,  and, if requested by the
Company, an agreement to indemnity the Company in form reasonably  acceptable to
the Company.

         Section 10.  Governing  Law.  This  Debenture  shall be governed by and
construed and enforced in accordance  with the internal laws of the State of New
York without regard to the principles of conflicts of law thereof. Any action to
enforce  the  terms of this  Debenture,  the  Purchase  Agreement  or any  other
Transaction  Document shall be  exclusively  brought in the state and/or federal
courts in the state and county of New York.  Service of process in any action by
the Holder to enforce the terms of this  Debenture may be made by serving a copy
of the summons and complaint,  in addition to any other relevant  documents,  by
commercial  overnight  courier to the  Company at its  address  set forth in the
Purchase Agreement.

         Section 11. Notices.  Any notice,  request,  demand,  waiver,  consent,
approval or other  communication  which is required or  permitted to be given to
any party  hereunder  shall be in writing and shall be deemed duly given only if
delivered  to the  party  personally  or sent to the  party  by  facsimile  upon
electronic  confirmation  receipt (promptly followed by a hard-copy delivered in
accordance  with this Section 12) or three days after being mailed by registered
or certified mail (return receipt  requested),  with postage and registration or
certification  fees  thereon  prepaid,  or  if  sent  by  nationally  recognized
overnight  courier,  one day after being  mailed,  addressed to the party at its
address  as set forth in Section  7.3 of the  Purchase  Agreement  or such other
address as may be designated  hereafter by notice given pursuant to the terms of
this Section 11.

         Section 12. Waiver. Any waiver by the Company or 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.  The failure of the Company or the Holder to insist
upon strict  adherence to any term of this  Debenture  on one or more  occasions
shall not be  considered a waiver or deprive that party of the right  thereafter
to insist upon strict adherence to that term or any other term of this Debenture
in any other occasion. Any waiver must be in writing.

                                       14
<PAGE>

         Section 13.  Invalidity.  If any provision of this Debenture is held to
be invalid, illegal or unenforceable, the balance of this Debenture shall remain
in effect,  and if any  provision  is held to be  inapplicable  to any person or
circumstance,  it shall nevertheless  remain applicable to all other persons and
circumstances.

         Section 14.  Payment  Dates.  Whenever any payment or other  obligation
hereunder shall be due on a day other than a Business Day, such payment shall be
made on the next following Business Day.

         Section 15. Transfer; Assignment. This Debenture may not be transferred
or  assigned,  in whole or in part,  at any time,  except in  compliance  by the
transferor and the transferee with applicable federal and state securities laws.

         Section  16.  Future  Financing.  If,  at any time  this  Debenture  is
outstanding,  the  Company,  or its  successors  in  interest  due  to  mergers,
consolidations and/or acquisitions (the "Successors-in-Interest"),  is funded an
amount equal to or exceeding Five Million  United States  dollars  ($5,000,000),
the Company or the Successors-in-Interest, as the case may be, agrees to pay the
Purchaser  an  amount  equal to One  Hundred  Fifty  Percent  (150%) of the then
outstanding Debenture (the "Lump Sum Payment").  Upon the Purchaser's receipt of
the Lump Sum Payment, any and all remaining obligations then outstanding between
the Company or the Successors-in-Interest,  as the case may be, and Purchaser in
connection  with  the  Purchase  Agreement  and  this  Debenture  shall  be deem
satisfied,  and the Purchase  Agreement and this Debenture  shall be terminated.
This provision shall survive both Closing and Post-Closing.

         Section 17. Fees of Enforcement. In the event any Party commences legal
action to enforce its rights  under this  Debenture,  the  non-prevailing  party
shall pay all  reasonable  costs and  expenses  (including  but not  limited  to
reasonable   attorney's   fees,   accountant's   fees,   appraiser's   fees  and
investigative fees) incurred in enforcing such rights.

                            [SIGNATURE PAGE FOLLOWS]

                                       15
<PAGE>

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

                                    ACIEM MANAGEMENT, INC.

Attest: ______________________      By: /s/ John Neilson
                                      ---------------------------------
                                      Name:  John Neilson
                                      Title: President

                                       16
<PAGE>

                                   APPENDIX I

                              NOTICE OF CONVERSION
                          AT THE ELECTION OF THE HOLDER

(To be Executed by the Registered Holder
in order to Convert the Debentures)

Except as provided by Section 4(b) of the  Debentures,  the  undersigned  hereby
irrevocably  elects to convert  the  attached  Debenture  into  shares of Common
Stock,  par value $0.001 per share (the "Common  Stock"),  of Aciem  Management,
Inc.  (the  "Company"),  or,  if a Merger  (as  defined  in the  Debenture)  has
occurred, into shares of MP Common Stock (as defined in the Debenture) according
to the  provisions  hereof,  as of the date written  below.  If shares are to be
issued in the name of a person other than undersigned,  the undersigned will pay
all transfer taxes payable with respect thereto and is delivering  herewith such
certificates  and opinions as reasonably  requested by the Company in accordance
therewith.  A fee of $400 will be charged by the Escrow  Agent to the Holder for
each  conversion.  No other  fees will be  charged  to the  Holder,  except  for
transfer taxes, if any.

Conversion calculations:

                           _____________________________________________________

                           _____________________________________________________
                           Principal Amount of Debentures to be Converted

                           _____________________________________________________

                           _____________________________________________________
                           Applicable Conversion Price (Pursuant to
                           Section 4(c)(v))

                           _____________________________________________________

                           _____________________________________________________
                           Signature

                           _____________________________________________________

                           _____________________________________________________
                           Name

                           _____________________________________________________

                           _____________________________________________________
                           Address

                                       17Exhibit 4.3
                                FIRST DEBENTURE A

NEITHER THESE  SECURITIES  NOR THE  SECURITIES  INTO WHICH THESE  SECURITIES ARE
CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE  COMMISSION OR
THE  SECURITIES  COMMISSION  OF ANY STATE IN  RELIANCE  UPON AN  EXEMPTION  FROM
REGISTRATION  UNDER  RULE  504  OF  REGULATION  D  PROMULGATED  UNDER  THE  U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND IN COMPLIANCE WITH
APPLICABLE STATE SECURITIES LAWS.

US $46,000                                                       AUGUST 12, 2004

                 1.5% CONVERTIBLE DEBENTURE DUE AUGUST 11, 2009

         THIS DEBENTURE of Aciem  Management,  Inc., a New York corporation (the
"Company") in the aggregate  principal  amount of Forty Six Thousand Dollars (US
$46,000),  is designated as its $46,000,  1.5% Convertible  Debenture due August
11, 2009 (the "Debentures").

         FOR VALUE RECEIVED,  the Company promises to pay to Highgate House, LLC
or its  registered  assigns  (the  "Holder"),  the  principal  sum of Forty  Six
Thousand  Dollars (US  $46,000),  on or prior to August 11, 2009 (the  "Maturity
Date") and to pay interest to the Holder on the principal sum at the rate of one
point five percent (1.5%) per annum.  Interest shall accrue daily  commencing on
the Original  Issuance  Date (as defined in Section 1 below) in the form of cash
or common stock of the Company  selected by the Holder subject to the provisions
of Section 2(b) hereof,  until  payment in full of the principal  sum,  together
with all accrued and unpaid interest,  has been made or duly provided for. If at
any time after the Original  Issuance  Date an Event of Default has occurred and
is continuing,  interest  shall accrue at the rate of fifteen  percent (15%) per
annum  from the date of the Event of  Default  and the  applicable  cure  period
through and  including the date of payment.  Interest due and payable  hereunder
shall  be paid to the  person  in  whose  name  this  Debenture  (or one or more
successor  Debentures)  is  registered  on the records of the Company  regarding
registration  and  transfers  of  the  Debentures  (the  "Debenture  Register");
provided,  however,  that  the  Company's  obligation  to a  transferee  of this
Debenture shall arise only if such transfer,  sale or other  disposition is made
in  accordance  with the  terms and  conditions  hereof  and of the  Convertible
Debenture  Purchase  Agreement  (the  "Purchase  Agreement")  by and between the
Company and the Purchaser  (as such term is defined in the Purchase  Agreement),
dated as of August 12,  2004,  as the same may be amended  from time to time.  A
transfer of the right to receive  principal  and interest  under this  Debenture
shall be  transferable  only  through  an  appropriate  entry  in the  Debenture
Register as provided herein.

         If the Company in order to  consummate a merger (the  "Merger")  enters
into a merger  agreement or similar  agreement  with other  parties (the "Merger
Partners"), the Merger Partners will effective upon the consummation of any such
Merger assume all of the obligations,  jointly and severally,  with the Company,

                                       1
<PAGE>

under this Debenture and substitute the Company's Common Stock,  into which this
Debenture is  convertible,  for common stock of such Merger  Partner ("MP Common
Stock")  including  depositing  60,000,000  shares of MP Common  Stock  with the
Escrow  Agent (as  defined in the  Purchase  Agreement).  If and when the Merger
occurs, at the time such Merger is effective,  the Escrow Agent will deliver the
Company's Common Stock being held in accordance with the Purchase  Agreement and
this Debenture to the Company.  If the Merger occurs, then (i) references herein
to Company  Common  Stock shall be  references  to MP Common  Stock and (ii) any
references  the Company shall be read as references to the MP that issued the MP
Common Stock as if this  Debenture were issued on the date hereof by the MP that
issued the MP Common Stock and the Company shall have no further  obligations to
issue  shares of Common  Stock  hereunder.  For the benefit of the  Holder,  the
Company  shall  use its  best  efforts  to  effectuate  the  intentions  of this
paragraph.

         If  there  is  a  Merger  all  of  the  provisions  of  this  Debenture
(specifically  including  Section  4) shall be read and  interpreted  as if this
Debenture  was issued by the Merger  Partner  issuing the MP Common Stock on the
date hereof and this Debenture was initially convertible into MP Common Stock.

         This Debenture is subject to the following additional provisions:

         Section  1.  Definitions.  Capitalized  terms  used  and not  otherwise
defined  herein  shall  have the  meanings  given  such  terms  in the  Purchase
Agreement.  As used in this  Agreement,  the  following  terms  shall  have  the
following meanings:

         "Adjusted  Conversion  Price" means the lesser of the Fixed  Conversion
Price or the Floating  Conversion Price one day prior to the record date set for
the determination of stockholders entitled to receive dividends,  distributions,
rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

         "Company" shall mean the Company (as defined in the Purchase Agreement)
or in the event there is a Merger,  shall mean such Merger  Partner  that issues
the MP Common Stock.

         "Common  Stock" shall mean the Common Stock (as defined in the Purchase
Agreement)  and in the event there is a Merger,  shall mean the MP Common  Stock
(as   adjusted   for  any   reverse   splits,   forward   splits,   combination,
reclassification  or stock  dividend  from the date the  Purchase  Agreement  is
signed).

         "Conversion  Date"  shall have the  meaning  set forth in Section  4(a)
hereof.

         "Conversion  Ratio"  means,  at any time, a fraction,  the numerator of
which is the then  outstanding  principal  amount  represented by the Debentures
plus accrued but unpaid  interest  thereon,  and the denominator of which is the
conversion price at such time.

         "Fixed  Conversion  Price"  shall have the meaning set forth in Section
4(c)i hereof.

                                       2
<PAGE>

         "Floating Conversion Price" shall have the meaning set forth in Section
4(c)i hereof.

         "Maximum  Conversion"  shall  have the  meaning  set  forth in  Section
4(c)(i) hereof.

         "Notice of Conversion" shall have the meaning set forth in Section 4(a)
hereof.

         "Original  Issuance  Date" shall mean the date of the first issuance of
this Debenture regardless of the number of transfers hereof.

         Section 2.  Denominations  of Debentures;  Interest on Debentures.  The
Debentures  are  exchangeable  for  an  equal  aggregate   principal  amount  of
Debentures  of different  authorized  denominations,  as requested by the Holder
surrendering  the same, but shall not be issuable in  denominations of less than
integral multiplies of One Thousand Dollars (US$1,000.00).  No service charge to
the Holder will be made for such registration of transfer or exchange.

         Section 3.  Events of Default and Remedies.

         I. "Event of Default," when used herein, means any one of the following
events  (whatever  the reason and whether any such event shall be  voluntary  or
involuntary or effected by operation of law or pursuant to any judgment,  decree
or order of any court, or any order, rule or regulation of any administrative or
governmental body):

         (a) any default in the payment of the  principal of or interest on this
Debenture  as and when the same  shall  become  due and  payable  either  at the
Maturity Date, by acceleration, conversion, or otherwise;

          (b) the Company  shall fail to observe or perform any other  covenant,
agreement  or warranty  contained  in, or  otherwise  commit any breach of, this
Debenture,  and such failure or breach shall not have been remedied  within five
(5) Business Days of its receipt of notice of such failure or breach;

         (c) the  occurrence  of any event or breach or default  by the  Company
under the Purchase Agreement or any other Transaction Document and , if there is
a cure period,  such failure or breach shall not have been  remedied  within the
cure period provided for therein;

         (d) the Company or any of its  Subsidiaries  shall commence a voluntary
case under the United  States  Bankruptcy  Code as now or hereafter in effect or
any  successor  thereto  (the  "Bankruptcy  Code");  or an  involuntary  case is
commenced  against the Company under the Bankruptcy Code and the petition is not
controverted  within  thirty (30) days,  or is not  dismissed  within sixty (60)
days,  after  commencement  of the case;  or a  "custodian"  (as  defined in the
Bankruptcy  Code) is appointed  for, or takes charge of, all or any  substantial
part  of the  property  of  the  Company  or the  Company  commences  any  other
proceeding under any reorganization,  arrangement, adjustment of debt, relief of

                                       3
<PAGE>

debtors,   dissolution,   insolvency  or  liquidation  or  similar  law  of  any
jurisdiction whether now or hereafter in effect relating to the Company or there
is commenced  against the Company any such proceeding which remains  undismissed
for a period of sixty (60) days;  or the  Company is  adjudicated  insolvent  or
bankrupt;  or any  order of  relief or other  order  approving  any such case or
proceeding is entered;  or the Company  suffers any appointment of any custodian
or the like  for it or any  substantial  part of its  property  which  continues
undischarged  or unstayed for a period of thirty (30) days; or the Company makes
a general assignment for the benefit of creditors;  or the Company shall fail to
pay, or shall state in writing  that it is unable to pay its debts  generally as
they become due; or the  Company  shall call a meeting of its  creditors  with a
view to arranging a composition or adjustment of its debts; or the Company shall
by  any  act  or  failure  to  act  indicate  its  consent  to,  approval  of or
acquiescence in any of the foregoing;  or any corporate or other action is taken
by the Company for the purpose of effecting any of the foregoing;

         (e) the  Company  shall  default  in any of its  obligations  under any
mortgage,  indenture or instrument under which there may be issued,  or by which
there may be secured or evidenced,  any indebtedness of the Company in an amount
exceeding One Hundred Thousand Dollars ($100,000.00),  whether such indebtedness
now exists or shall  hereafter be created and such default  shall result in such
indebtedness  becoming or being  declared  due and payable  prior to the date on
which it would otherwise become due and payable;

         (f) the Company shall have its Common Stock deleted or delisted, as the
case  may be,  from  the  American  Stock  Exchange,  OTCBB  or  other  national
securities  exchange or market on which such Common  Stock is listed for trading
or suspended from trading thereon,  and shall not have its Common Stock relisted
or have such suspension lifted, as the case may be, within ten (10) Trading Days
of such deletion or delisting;

         (g) notwithstanding anything herein to the contrary, but subject to the
limitations  set forth in the  Debentures,  the Company shall fail to deliver to
the Escrow Agent share  certificates  representing the shares of Common Stock to
be issued upon conversion of the Debentures within three (3) Business Days after
to the  Company's  receipt of notice from the Escrow  Agent to the Company  that
additional  shares of Common Stock are required to be placed in escrow  pursuant
to Section 4.14 of the Purchase  Agreement,  Article 2 of the Escrow  Agreement,
and/or Section 4(b) of this Debenture;

         (h) the Company shall issue a press release, or otherwise make publicly
known,  that it is not honoring a properly executed and duly delivered Notice of
Conversion  complying with the terms of this Debenture,  the Purchase  Agreement
and the Escrow Agreement, for any reason whatsoever; and

         (i) the  Company  issues  or  enters  into an  agreement  to issue  any
convertible security, any equity line of credit, or any security issued pursuant
to Rule 504 of Regulation D promulgated  under the Securities Act, other than to
the Purchaser or any of its Affiliates or assigns,  during the period commencing
on the date hereof and ending on the five year  anniversary of the  Post-Closing
Date.

                                       4
<PAGE>

         II. (a) If any Event of Default  occurs,  and  continues  beyond a cure
period,  if any,  then  the  Holder  may,  by  written  notice  to the  Company,
accelerate all of the payments due under this Debenture by declaring all amounts
so due under this Debenture, whereupon the same shall become immediately due and
payable without presentment, demand, protest or other notice of any kind, all of
which are waived by the Company,  notwithstanding  anything  contained herein to
the  contrary,  and the Holder may  immediately  and without  expiration  of any
additional grace period enforce any and all of its rights and remedies hereunder
and all other remedies  available to it under  applicable law. Such  declaration
may be  rescinded  and  annulled  by the  Holder  at any time  prior to  payment
hereunder.  No such rescission or annulment shall affect any subsequent Event of
Default or impair any right consequent thereon.  This shall include,  but not be
limited to the right to temporary,  preliminary and permanent  injunctive relief
without the requirement of posting any bond or undertaking.

         (b) The Holder may thereupon  proceed to protect and enforce its rights
either  by suit in  equity  and/or  by  action  at law or by  other  appropriate
proceedings  whether for the specific  performance  (to the extent  permitted by
law) of any covenant or agreement  contained in this  Debenture or in aid of the
exercise  of any power  granted in this  Debenture,  and  proceed to enforce the
payment of any of the  Debentures  held by it, and to enforce any other legal or
equitable right of such Holder.

         (c) Except as expressly provided for herein,  the Company  specifically
(i)  waives  all  rights  it may have (A) to  notice  of  nonpayment,  notice of
default, demand, presentment,  protest and notice of protest with respect to any
of the  obligations  hereunder  or the shares of Common  Stock and (B) notice of
acceptance  hereof or of any other action taken in reliance  hereon,  notice and
opportunity  to be heard  before the  exercise by the Holder of the  remedies of
self-help,  set-off,  or other  summary  procedures  and all other  demands  and
notices of any type or  description  except for cure  periods,  if any; and (ii)
releases the Holder, its officers,  directors,  agents,  employees and attorneys
from all  claims  for loss or damage  caused by any act or failure to act on the
part of the Holder,  its officers,  attorneys,  agents,  directors and employees
except for gross negligence or willful misconduct.

         (d) As a  non-exclusive  remedy,  upon  the  occurrence  of an Event of
Default, the Holder may convert the remaining principal amount of the Debentures
and accrued  interest thereon at the lesser of the Fixed Conversion Price or the
Floating  Conversion  Price upon giving a Notice of  Conversion  to the Company.
Except as otherwise  provided  herein,  the Company  shall not have the right to
object to the conversion or the calculation of the applicable  conversion price,
absent  manifest  error and the Escrow Agent shall  release the shares of Common
Stock from escrow upon notifying the Company of the conversion.

                                       5
<PAGE>

         III. To  effectuate  the terms and  provision  of this  Debenture,  the
Holder  may give  notice of any  default  to the  Attorney-in-Fact  as set forth
herein  and  give a  copy  of  such  notice  to the  Company  and  its  counsel,
simultaneously,  and  request the  Attorney-in-Fact  to comply with the terms of
this  Debenture  and the  Purchase  Agreement  and all  agreements  entered into
pursuant to the Purchase Agreement on behalf of the Company.

         Section 4.  Conversion.

         (a) Except as otherwise set forth herein or in the Purchase  Agreement,
the unpaid  principal  amount of this Debenture shall be convertible into shares
of Common Stock at the  Conversion  Ratio as defined  above,  and subject to the
Limitation on Conversion described in Section 4.18 of the Purchase Agreement, at
the option of the Holder,  in whole or in part,  at any time,  commencing on the
Original  Issuance  Date.  Such  shares of Common  Stock  shall be  without  any
restriction  and freely  tradable  pursuant to Rule 504 of  Regulation  D of the
Securities  Act. Any  conversion  under this Section 4(a) shall be for a minimum
principal  amount of $1,000.00 of the Debentures  plus the interest  accrued and
due thereon.  The Holder shall effect  conversions by surrendering the Debenture
to be converted to the Escrow Agent,  together with the form of notice  attached
hereto as Appendix I ("Notice of Conversion") in the manner set forth in Section
4(j) hereof.  Each Notice of Conversion  shall  specify the principal  amount of
Debentures  to be  converted  and the date on  which  such  conversion  is to be
effected  (the  "Conversion  Date")  which  date  shall not be less than two (2)
Business  Days after the date on which the Notice of  Conversion is delivered to
the Escrow  Agent.  Subject to the last  paragraph of Section 4(b) hereof,  each
Notice  of  Conversion,  once  given,  shall be  irrevocable.  If the  Holder is
converting less than all of the principal  amount  represented by the Debentures
tendered by the Holder in the Notice of Conversion, the Company shall deliver to
the Holder a new Debenture for such  principal  amount as has not been converted
within  two (2)  Business  Days of the  Conversion  Date.  In the event that the
Escrow Agent holds the  Debentures on behalf of the Holder,  the Company  agrees
that in lieu of surrendering the Debentures upon every partial  conversion,  the
Escrow Agent shall give the Company and the Holder  written notice of the amount
of the Debentures left unconverted. Upon conversion in full of the Debentures or
upon the Maturity  Date,  the Escrow Agent shall return the  Debentures  and the
Escrow Shares, if any, to the Company for cancellation.

         (b) Not later than two (2) Business Days after the Conversion Date, the
Escrow  Agent  shall  deliver to the Holder (i) a  certificate  or  certificates
representing  the  number  of shares of Common  Stock  being  acquired  upon the
conversion of the Debentures, and once the Debentures so converted in part shall
have been  surrendered  to the Company,  the Company shall deliver to the Holder
Debentures  in  the  principal  amount  of the  Debentures  not  yet  converted;
provided, however, that the Company shall not be obligated to issue certificates
evidencing  the  shares  of  Common  Stock  issuable  upon   conversion  of  the
Debentures,  until the  Debentures  are either  delivered for  conversion to the
Escrow Agent or the Company or any transfer  agent for the  Debentures or Common
Stock,  or the Holder  notifies the Company that such Debentures have been lost,
stolen  or  destroyed  and  provides  an  affidavit  of  loss  and an  agreement
reasonably  acceptable  to the Company  indemnifying  the Company  from any loss
incurred by it in connection with such loss,  theft or destruction.  In the case

                                       6
<PAGE>

of a  conversion  pursuant to a Notice of  Conversion,  if such  certificate  or
certificates are not delivered by the date required under this Section 4(b), the
Holder shall be entitled,  upon  providing  written notice to the Company at any
time on or before its receipt of such certificate or certificates thereafter, to
rescind such conversion,  in which event, the Company shall  immediately  return
the Debentures tendered for conversion.

         Subject to any  limitations  set forth in the Purchase  Agreement,  the
Company agrees that at any time the conversion  price of the Debentures are such
that the  number  of Escrow  Shares  is less  than  200% of the Full  Conversion
Shares,  upon five (5) Business Days of the Company's  receipt of notice of such
circumstance from the Purchaser and/or the Escrow Agent, the Company shall issue
share  certificates  in the name of the  Purchaser  and  deliver the same to the
Escrow  Agent,  in such number that the new number of Escrow  Shares is equal to
200% of the Full Conversion Shares.

         (c) (i) The  conversion  price  for the  Debentures  in  effect  on any
Conversion  Date shall be the LESSER of (a) the LESSER of $0.10 AND one  hundred
percent  (100%) of the average of the closing bid prices per share of the Common
Stock during the five (5) Trading  Days  immediately  preceding  the Closing (as
defined in the Purchase  Agreement) (the "Fixed Conversion Price") AND (b) fifty
percent  (50%) of the  average  of the three (3) lowest  closing  bid prices per
share of the  Common  Stock  during  the forty  (40)  Trading  Days  immediately
preceding the  Conversion  Date (the  "Floating  Conversion  Price");  provided,
however,  that the aggregate  maximum  number of shares of Common Stock that the
First Debenture A, First Debenture B and Second  Debenture may be converted into
shall be Ten Million (10,000,000) shares (the "Maximum Conversion"); and further
provided,  however, that upon the Maximum Conversion,  the Company shall, at its
option (a) increase the Maximum  Conversion or (b) redeem the unconverted amount
of the First Debenture A, First Debenture B and Second  Debenture in whole or in
part at one hundred twenty five percent (125%) of the unconverted amount of such
Debentures  being  redeemed  plus  accrued  interest  thereon.  For  purposes of
determining the closing bid price on any day,  reference shall be to the closing
bid price for a share of Common  Stock on such date on the OTCBB (or such  other
exchange,  market,  or other system that the Common Stock is then traded on), as
reported on Bloomberg, L.P. (or similar organization or agency succeeding to its
functions of reporting prices).

                  (ii) If the Company,  at any time while any of the  Debentures
are outstanding, (a) shall pay a stock dividend or otherwise make a distribution
or  distributions on shares of its Common Stock payable in shares of its capital
stock (whether  payable in shares of its Common Stock or of capital stock of any
class), (b) subdivide outstanding shares of Common Stock into a larger number of
shares, (c) combine  outstanding shares of Common Stock into a smaller number of
shares,  or (d) issue by  reclassification  any shares of  capital  stock of the
Company,  the Fixed  Conversion  Price as applied in  Section  4(c)(i)  shall be
multiplied  by a fraction,  the numerator of which shall be the number of shares
of Common Stock of the Company outstanding immediately before such event and the
denominator  of which shall be the number of shares of Common Stock  outstanding
immediately  after giving effect to such event.  Any adjustment made pursuant to
this Section 4(c)(ii) shall become effective  immediately  after the record date

                                       7
<PAGE>

for the  determination  of  stockholders  entitled to receive  such  dividend or
distribution and shall become effective  immediately after the effective date in
the case of a  subdivision,  combination or  reclassification,  provided that no
adjustment  shall  be made if the  Company  does  not  complete  such  dividend,
distribution, subdivision, combination or reclassification.

                  (iii)  If,  at  any  time  while  any of  the  Debentures  are
outstanding,  the  Companyissues  or sells shares of Common  Stock,  or options,
warrants or other  rights to  subscribe  for or purchase  shares of Common Stock
(excluding shares of Common Stock issuable upon the conversion of the Debentures
or upon the exercise of options,  warrants or conversion rights granted prior to
the date  hereof) and at a price per share less than the Per Share  Market Value
(as defined in the  Purchase  Agreement)  of the Common  Stock at the issue date
mentioned  below,  the Fixed Conversion Price shall be multiplied by a fraction,
the numerator of which shall be the number of shares of Common Stock  (excluding
treasury  shares,  if any)  outstanding  on the date of issuance of such shares,
options,  warrants  or rights  plus the  number of  shares  which the  aggregate
offering  price of the total number of shares so offered would  purchase at such
Per Share  Market  Value,  and the  denominator  of which shall be the number of
shares of Common Stock (excluding  treasury  shares,  if any) outstanding on the
date of  issuance  of such  options,  rights  or  warrants  plus the  number  of
additional  shares of Common Stock offered for  subscription  or purchase.  Such
adjustment  shall be made whenever  such options,  rights or warrants are issued
(and if such  adjustment is made, no further  adjustment  will be made when such
options,  rights  or  warrants  are  exercised),   and  shall  become  effective
immediately after the record date for the determination of stockholders entitled
to receive such options, rights or warrants. However, upon the expiration of any
options,  right or warrant to  purchase  Common  Stock,  the  issuance  of which
resulted in an adjustment in the conversion  price designated in Section 4(c)(i)
hereof pursuant to this Section 4(c)(iii), if any such options, right or warrant
shall expire and shall not have been exercised, the Fixed Conversion Price shall
immediately  upon such expiration be recomputed and effective  immediately  upon
such  expiration  be  increased  to the  price  which it would  have  been  (but
reflecting any other  adjustments  in the conversion  price made pursuant to the
provisions  of this Section 4 after the issuance of such rights or warrants) had
the adjustment of the  conversion  price made upon the issuance of such options,
rights or  warrants  been  made on the basis of  offering  for  subscription  or
purchase only that number of shares of Common Stock actually  purchased upon the
exercise of such options,  rights or warrants actually exercised.  There will be
no adjustment under this Section  4(c)(iii) if Common Stock is issued due to the
(x) exercise of employee  stock options that were issued to such  employee,  (y)
exercise of other options, warrants or rights to subscribe for or purchase that,
in any case, are issued at an exercise or subscription  price equal to Per Share
Market  Value,  or (z)  issuance of shares that are issued to Richard  Goldring,
Elliot Osher, William Osher pursuant to the "antidilution"  provisions contained
in the Acquisition Agreement dated March 31, 2003, as amended by Amendment No. 1
to the  Acquisition  Agreement,  dated  August  12,  2004,  both  among  Go West
Entertainment,  Inc., Richard Goldring,  Elliot Osher,  William Osher and Scores
Holding Company, Inc.

                                       8
<PAGE>

                  (iv) If, at any time while  Debentures  are  outstanding,  the
Company  distributes  to all  holders  of Common  Stock  (and not to  holders of
Debentures)  evidences of Company  indebtedness or assets, or rights or warrants
to  subscribe  for or purchase  any  security  (excluding  those  referred to in
Section  4(c)(iii)  hereof),  then, in each such case, the  conversion  price at
which each Debenture then outstanding  shall thereafter be convertible  shall be
determined by multiplying (A) the Fixed Conversion  Price in effect  immediately
prior to the record date fixed for  determination  of  stockholders  entitled to
receive such distribution by a fraction, the numerator of which shall be the Per
Share  Market  Value  of the  Common  Stock  determined  as of the  record  date
mentioned  above  less the then fair  market  value at such  record  date of the
portion of such assets or evidence of indebtedness so distributed  applicable to
one outstanding share of Common Stock as determined by the Board of Directors in
good faith and the  denominator  of which shall be the Per Share Market Value of
the Common Stock on such record date; provided,  however, that in the event of a
distribution  exceeding ten percent (10%) of the net assets of the Company, such
fair market  value  shall be  determined  by a  nationally  recognized  or major
regional  investment  banking  firm  or  firm of  independent  certified  public
accountants  of  nationally  recognized  standing  (which  may be the firm  that
regularly  examines the financial  statements  of the Company) (an  "Appraiser")
selected in good faith by the holders of a majority of the  principal  amount of
the Debentures then outstanding;  and provided, further, that the Company, after
receipt of the  determination by such Appraiser,  shall have the right to select
an additional Appraiser,  in which case such fair market value shall be equal to
the average of the  determinations  by each such  Appraiser.  In either case the
adjustments  shall be  described  in a statement  provided to the Holder and all
other   holders  of  Debentures  of  the  portion  of  assets  or  evidences  of
indebtedness so distributed or such subscription  rights applicable to one share
of Common Stock. Such adjustment shall be made whenever any such distribution is
made and shall  become  effective  immediately  after the record date  mentioned
above.  The Company  shall pay all fees and expenses of any  Appraiser  selected
under this Section 4(c)(iv).

                  (v) All calculations under this Section 4 shall be made to the
nearest  1/1000th of a cent or the nearest  1/1000th of a share, as the case may
be. Any  calculation  equal to or over .005 shall be rounded up to the next cent
or share  and any  calculation  less  than  .005  shall be  rounded  down to the
previous cent or share.

                  (vi)  In the  event  the  conversion  price  is  not  adjusted
pursuant to Section  4(c)(ii) or (v), within two (2) Business Days following the
occurrence  of an event  described  therein and, in the case of Section  4c(iv),
within three (3) Business Days  following the  determination  of the fair market
value by the  Appraiser(s),  the  Holder  shall  have the right to  require  the
Company  to  redeem  the   Debentures   at  140%  of  the  Purchase   Price  and
simultaneously  pay such amount and all accrued  interest  and  dividends to the
Holder pursuant to the written instructions  provided by the Holder. The Company
will have two (2) Business Days to make the appropriate adjustment from the time
the  Company is  provided  with  written  notice from the Holder of a failure to
comply with this Section 4.

                                       9
<PAGE>

                  (vii) Whenever the Fixed Conversion Price is adjusted pursuant
to Section  4(c)(ii),(iii)  or (iv),  the Company  shall within two (2) Business
Days after the  determination of the new Fixed Conversion Price mail and fax (in
the  manner set forth in  Section  4(j)  hereof) to the Holder and to each other
holder of Debentures, a notice ("Company Notice of Conversion Price Adjustment")
setting forth the Fixed Conversion Price after such adjustment and setting forth
a brief statement of the facts requiring such adjustment.

                  (viii) In case of any  reclassification  of the Common  Stock,
any consolidation or merger of the Company with or into another person, the sale
or  transfer  of all or  substantially  all of the assets of the  Company or any
compulsory  share exchange  pursuant to which the Common Stock is converted into
other  securities,  cash or  property,  then  each  holder  of  Debentures  then
outstanding shall have the right thereafter to convert such Debentures only into
the shares of stock and other securities and property  receivable upon or deemed
to  be  held  by  holders  of  Common  Stock  following  such  reclassification,
consolidation, merger, sale, transfer or share exchange (except in the event the
property is cash, then the Holder shall have the right to convert the Debentures
and receive cash in the same manner as other stockholders), and the Holder shall
be entitled  upon such event to receive such amount of securities or property as
the holder of shares of the Common Stock into which such  Debentures  could have
been  converted  immediately  prior  to  such  reclassification,  consolidation,
merger, sale, transfer or share exchange would have been entitled.  The terms of
any such consolidation,  merger,  sale, transfer or share exchange shall include
such terms so as to  continue  to give to the  Holder  the right to receive  the
securities or property set forth in this Section  4(c)(viii) upon any conversion
following such consolidation,  merger,  sale,  transfer or share exchange.  This
provision shall similarly apply to successive reclassifications, consolidations,
mergers, sales, transfers or share exchanges;

                  (ix) If:

                           (A)  the  Company  shall  declare a dividend  (or any
                                other distribution) on its Common Stock; or

                           (B)  the    Company    shall    declare   a   special
                                non-recurring  cash  dividend  redemption of its
                                Common Stock; or

                           (C)  the  Company  shall  authorize  the grant to all
                                holders of the Common  Stock  rights or warrants
                                to  subscribe  for or  purchase  any  shares  of
                                capital stock of any class or of any rights; or

                           (D)  the approval of any  stockholders of the Company
                                shall  be  required  in   connection   with  any
                                reclassification  of  the  Common  Stock  of the
                                Company (other than a subdivision or combination
                                of the outstanding  shares of Common Stock), any
                                consolidation  or merger to which the Company is
                                a  party,   any  sale  or  transfer  of  all  or
                                substantially  all of the assets of the Company,
                                or any  compulsory  share  exchange  whereby the
                                Common Stock is converted into other securities,
                                cash or property; or

                                       10
<PAGE>

                           (E)  the Company  shall  authorize  the  voluntary or
                                involuntary    dissolution,    liquidation    or
                                winding-up of the affairs of the Company;

then the Company shall cause to be filed at each office or agency maintained for
the purpose of conversion of Debentures,  and shall cause to be mailed and faxed
to the Holder and each other holder of the  Debentures  at their last  addresses
and facsimile  number set forth in the  Debenture  Register at least twenty (20)
calendar  days prior to the  applicable  record or  effective  date  hereinafter
specified,  a notice  stating  (x) the date on which a record is to be taken for
the purpose of such dividend,  distribution,  redemption, rights or warrants, or
if a record is not to be taken, the date as of which the holders of Common Stock
of record to be entitled to such dividend, distributions,  redemption, rights or
warrants are to be determined,  or (y) the date on which such  reclassification,
consolidation,  merger, sale, transfer, share exchange, dissolution, liquidation
or  winding-up is expected to become  effective,  and the date as of which it is
expected  that  holders of Common  Stock of record shall be entitled to exchange
their shares of Common Stock for securities or other property  deliverable  upon
such reclassification,  consolidation,  merger, sale, transfer,  share exchange,
dissolution,  liquidation or winding-up;  provided, however, that the failure to
mail such  notice or any defect  therein  or in the  mailing  thereof  shall not
affect the  validity of the  corporate  action  required to be specified in such
notice.

         (d) If at any time  conditions  shall  arise by  reason  of  action  or
failure to act by the Company, which action or failure to act, in the opinion of
the Board of Directors of the Company,  is not  adequately  covered by the other
provisions  hereof and which might materially and adversely affect the rights of
the Holder and all other  holders of Debentures  (different  or  distinguishable
from the effect  generally  on rights of  holders of any class of the  Company's
capital  stock),  the Company shall, at least twenty (20) calendar days prior to
the effective date of such action,  mail and fax a written notice to each holder
of  Debentures  briefly  describing  the action  contemplated,  and an Appraiser
selected  by the  holders of majority  in  principal  amount of the  outstanding
Debentures shall give its opinion as to the adjustment, if any (not inconsistent
with the standards  established  in this Section 4 and the terms of the Purchase
Agreement and the Debentures), of the conversion price (including, if necessary,
any  adjustment as to the  securities  into which  Debentures  may thereafter be
convertible)  and any  distribution  which is or would be  required  to preserve
without  diluting the rights of the holders of  Debentures;  provided,  however,
that the Company,  after receipt of the  determination by such Appraiser,  shall
have the right to select an additional  Appraiser,  in which case the adjustment
shall  be equal to the  average  of the  adjustments  recommended  by each  such
Appraiser. The Company shall pay all fees and expenses of any Appraiser selected
under this Section  4(d).  The Board of Directors of the Company  shall make the
adjustment recommended forthwith upon the receipt of such opinion or opinions or
the  taking  of any such  action  contemplated,  as the  case may be;  provided,
however, that no such adjustment of the conversion price shall be made which, in
the opinion of the Appraiser(s) giving the aforesaid opinion or opinions,  would
result in an increase of the conversion price above the conversion price then in
effect.

                                       11
<PAGE>

         (e) Subject to the terms and  limitations  set forth in the  Debentures
and the Purchase Agreement, including without limitation, Sections 4.14 and 4.28
thereof,  the Company covenants and agrees that it shall, at all times,  reserve
and keep available out of its  authorized  and unissued  Common Stock solely for
the purpose of issuance upon  conversion of the  Debentures as herein  provided,
free from preemptive  rights or any other actual  contingent  purchase rights of
persons  other than the Holder of the  Debentures,  two (2) times such number of
shares of Common Stock as shall be issuable (taking into account the adjustments
and restrictions of Section 4(c) and Section 4(d) hereof) upon the conversion of
the  aggregate  principal  amount of the  outstanding  Debentures.  The  Company
covenants  that,  subject to the limitations set forth in this Section 4(e), all
shares of Common Stock that shall be issuable upon  conversion of the Debentures
shall, upon issuance,  be duly and validly  authorized and issued and fully paid
and non-assessable.

         (f) No  fractional  shares of Common  Stock  shall be  issuable  upon a
conversion  hereunder  and the number of shares to be issued shall be rounded up
to the nearest  whole share.  If a  fractional  share  interest  arises upon any
conversion hereunder, the Company shall eliminate such fractional share interest
by issuing to the Holder an additional full share of Common Stock.

         (g) The issuance of a certificate or certificates  for shares of Common
Stock upon  conversion  of the  Debentures  shall be made without  charge to the
Holder for any documentary stamp or similar taxes that may be payable in respect
of the issuance or delivery of such certificate, provided that the Company shall
not be  required  to pay any tax that may be payable in respect of any  transfer
involved in the issuance and delivery of any such certificate upon conversion in
a name other than that of the Holder and the  Company  shall not be  required to
issue or  deliver  such  certificates  unless  or until the  person  or  persons
requesting  the  issuance  thereof  shall have paid to the Company the amount of
such tax or shall have  established to the satisfaction of the Company that such
tax has been paid.

         (h) The  Debentures  converted into Common Stock shall be canceled upon
conversion.

         (i) On the  Maturity  Date,  the  unconverted  principal  amount of the
Debentures  and all interest due thereon shall either be paid off in full by the
Company  or, if payment in full is not  received  within two (2)  Business  Days
after the Maturity Date,  convert  automatically  into shares of Common Stock at
the lesser of the Fixed  Conversion  Price and the Floating  Conversion Price as
set forth in Section 4(c)(i).

         (j) Each Notice of Conversion shall be given by facsimile to the Escrow
Agent no later than 4:00 pm New York time on any Business  Day.  Upon receipt of
such  Notice of  Conversion,  the Escrow  Agent  shall  forward  such  Notice of
Conversion  to the Company by facsimile by 6:00 p.m. New York time on the day on
which the Escrow  Agent  receives  the Notice of  Conversion,  at the  facsimile

                                       12
<PAGE>

telephone  number and address of the principal place of business of the Company.
Any such notice shall be deemed given and  effective  upon the  transmission  of
such  facsimile  at the  facsimile  telephone  number  specified in the Purchase
Agreement  (with printed  confirmation of  transmission).  In the event that the
Escrow Agent receives the Notice of Conversion  after 4:00 p.m. New York time or
the Company  receives the Notice of Conversion  after 6:00 p.m. New York time on
such  day,  or the  Holder  receives  the  Company  Notice of  Conversion  Price
Adjustment  after 6:00 p.m.  New York time,  any such notice  shall be deemed to
have been given on the next Business Day.

         Section  5.  Redemption  of  Debentures.  (a) At  any  time  after  the
Execution  Date,  so long as no Event of Default  has  occurred  and,  if a cure
period is  provided,  has not been cured,  the Company  shall have the option to
redeem any unconverted  amount of the Debentures,  either in part or whole, upon
no less than thirty (30) days written  notice thereof given to the Holder with a
copy to the Escrow Agent (the "Redemption  Notice"),  at one hundred twenty five
percent (125%) of the unconverted amount of the Debentures plus accrued interest
thereon (the "Redemption Price").  Notwithstanding  anything contained herein to
the contrary,  if the Company decides to redeem the outstanding principal amount
of the  Debenture  under the  second  proviso in the first  sentence  of Section
4(c)(i) of this  Debenture,  the Company shall have three (3) Business Days from
their  decision to redeem the Debenture in order to effectuate the redemption of
such principal amount of the outstanding Debenture.

         (b)  Within  three  (3)  Business  Days  prior  to the date  fixed  for
redemption in the  Redemption  Notice,  the Company shall deposit the Redemption
Price by wire transfer to the IOLA account of the Escrow Agent.  Upon receipt of
the Redemption  Price, on such  redemption  date, the Escrow Agent shall release
the Redemption Price to the Holder and return the remaining  Debentures,  Escrow
Shares and Underlying Shares to the Company.

         (c) In the event that the Company fails to deposit the Redemption Price
in the Escrow  Agent's IOLA account  number within the time allocated in Section
5(b) hereof, then the redemption shall be declared null and void.

         Section 6.  Intentionally Omitted.

         Section 7.  Absolute  Payment  Obligation;  Limitation  on  Prepayment.
Except as expressly  provided herein, no provision of this Debenture shall alter
or impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of, and interest on, this  Debenture at the time,  place,  and
rate, and in the coin or currency, herein prescribed. This Debenture is a direct
obligation  of the  Company.  This  Debenture  ranks  pari  passu with all other
Debentures now or hereafter issued under the terms set forth herein. The Company
may not prepay any portion of the outstanding principal amount on the Debentures
except in  accordance  with the  Purchase  Agreement  or  Sections  4(c)(i) or 5
hereof.

                                       13
<PAGE>

         Section  8. No Rights of  Stockholders.  Except as  otherwise  provided
herein or in the Purchase Agreement, this Debenture shall not entitle the Holder
to any  of the  rights  of a  stockholder  of  the  Company,  including  without
limitation,  the right to vote on or consent to any action, to receive dividends
and other distributions,  or to receive any notice of, or to attend, meetings of
stockholders or any other  proceedings of the Company,  unless and to the extent
converted into shares of Common Stock in accordance with the terms hereof.

         Section 9. Loss,  Theft,  Mutilation or Destruction.  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 an affidavit of
such loss,  theft or  destruction  of such  Debenture,  and, if requested by the
Company, an agreement to indemnity the Company in form reasonably  acceptable to
the Company.

         Section 10.  Governing  Law.  This  Debenture  shall be governed by and
construed and enforced in accordance  with the internal laws of the State of New
York without regard to the principles of conflicts of law thereof. Any action to
enforce  the  terms of this  Debenture,  the  Purchase  Agreement  or any  other
Transaction  Document shall be  exclusively  brought in the state and/or federal
courts in the state and county of New York.  Service of process in any action by
the Holder to enforce the terms of this  Debenture may be made by serving a copy
of the summons and complaint,  in addition to any other relevant  documents,  by
commercial  overnight  courier to the  Company at its  address  set forth in the
Purchase Agreement.

         Section 11. Notices.  Any notice,  request,  demand,  waiver,  consent,
approval or other  communication  which is required or  permitted to be given to
any party  hereunder  shall be in writing and shall be deemed duly given only if
delivered  to the  party  personally  or sent to the  party  by  facsimile  upon
electronic  confirmation  receipt (promptly followed by a hard-copy delivered in
accordance  with this Section 12) or three days after being mailed by registered
or certified mail (return receipt  requested),  with postage and registration or
certification  fees  thereon  prepaid,  or  if  sent  by  nationally  recognized
overnight  courier,  one day after being  mailed,  addressed to the party at its
address  as set forth in Section  7.3 of the  Purchase  Agreement  or such other
address as may be designated  hereafter by notice given pursuant to the terms of
this Section 11.

         Section 12. Waiver. Any waiver by the Company or 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.  The failure of the Company or the Holder to insist
upon strict  adherence to any term of this  Debenture  on one or more  occasions
shall not be  considered a waiver or deprive that party of the right  thereafter
to insist upon strict adherence to that term or any other term of this Debenture
in any other occasion. Any waiver must be in writing.

                                       14
<PAGE>

         Section 13.  Invalidity.  If any provision of this Debenture is held to
be invalid, illegal or unenforceable, the balance of this Debenture shall remain
in effect,  and if any  provision  is held to be  inapplicable  to any person or
circumstance,  it shall nevertheless  remain applicable to all other persons and
circumstances.

         Section 14.  Payment  Dates.  Whenever any payment or other  obligation
hereunder shall be due on a day other than a Business Day, such payment shall be
made on the next following Business Day.

         Section 15. Transfer; Assignment. This Debenture may not be transferred
or  assigned,  in whole or in part,  at any time,  except in  compliance  by the
transferor and the transferee with applicable federal and state securities laws.

         Section  16.  Future  Financing.  If,  at any time  this  Debenture  is
outstanding,  the  Company,  or its  successors  in  interest  due  to  mergers,
consolidations and/or acquisitions (the "Successors-in-Interest"),  is funded an
amount equal to or exceeding Five Million  United States  dollars  ($5,000,000),
the Company or the Successors-in-Interest, as the case may be, agrees to pay the
Purchaser  an  amount  equal to One  Hundred  Fifty  Percent  (150%) of the then
outstanding Debenture (the "Lump Sum Payment").  Upon the Purchaser's receipt of
the Lump Sum Payment, any and all remaining obligations then outstanding between
the Company or the Successors-in-Interest,  as the case may be, and Purchaser in
connection  with  the  Purchase  Agreement  and  this  Debenture  shall  be deem
satisfied,  and the Purchase  Agreement and this Debenture  shall be terminated.
This provision shall survive both Closing and Post-Closing.

         Section 17. Fees of Enforcement. In the event any Party commences legal
action to enforce its rights  under this  Debenture,  the  non-prevailing  party
shall pay all  reasonable  costs and  expenses  (including  but not  limited  to
reasonable   attorney's   fees,   accountant's   fees,   appraiser's   fees  and
investigative fees) incurred in enforcing such rights.

                            [SIGNATURE PAGE FOLLOWS]

                                       15
<PAGE>

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

                                    ACIEM MANAGEMENT, INC.

Attest: ______________________      By: /s/ John Neilson
                                      ---------------------------------
                                      Name:  John Neilson
                                      Title: President

                                       16
<PAGE>

                                   APPENDIX I

                              NOTICE OF CONVERSION
                          AT THE ELECTION OF THE HOLDER

(To be Executed by the Registered Holder
in order to Convert the Debentures)

Except as provided by Section 4(b) of the  Debentures,  the  undersigned  hereby
irrevocably  elects to convert  the  attached  Debenture  into  shares of Common
Stock,  par value $0.001 per share (the "Common  Stock"),  of Aciem  Management,
Inc.  (the  "Company"),  or,  if a Merger  (as  defined  in the  Debenture)  has
occurred, into shares of MP Common Stock (as defined in the Debenture) according
to the  provisions  hereof,  as of the date written  below.  If shares are to be
issued in the name of a person other than undersigned,  the undersigned will pay
all transfer taxes payable with respect thereto and is delivering  herewith such
certificates  and opinions as reasonably  requested by the Company in accordance
therewith.  A fee of $400 will be charged by the Escrow  Agent to the Holder for
each  conversion.  No other  fees will be  charged  to the  Holder,  except  for
transfer taxes, if any.

Conversion calculations:

                           _____________________________________________________

                           _____________________________________________________
                           Principal Amount of Debentures to be Converted

                           _____________________________________________________

                           _____________________________________________________
                           Applicable Conversion Price (Pursuant to
                           Section 4(c)(v))

                           _____________________________________________________

                           _____________________________________________________
                           Signature

                           _____________________________________________________

                           _____________________________________________________
                           Name

                           _____________________________________________________

                           _____________________________________________________
                           Address

                                       17

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