Document:

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ANY EXERCISE HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD
OR OTHERWISE TRANSFERRED TO ANY PERSON, INCLUDING A PLEDGEE, UNLESS (1) EITHER
(A) A REGISTRATION STATEMENT WITH RESPECT THERETO SHALL BE EFFECTIVE UNDER THE
SECURITIES ACT, OR (B) AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
IS AVAILABLE, AND (2) THERE SHALL HAVE BEEN COMPLIANCE WITH ALL APPLICABLE STATE
SECURITIES OR "BLUE SKY" LAWS.

  Void after 5:00 p.m. New York Time on the Expiration Date (as defined below)
                Warrant to Purchase ______ Shares of Common Stock

Warrant No. ____

                        WARRANT TO PURCHASE COMMON STOCK

                                       OF

                                  ASTRALIS LTD

      This is to Certify that, FOR VALUE RECEIVED, ________, or its permitted
assigns ("Holder"), is entitled to purchase, subject to the provisions of this
Warrant, from Astralis Ltd. a Delaware corporation (the "Company"), ________
fully paid, validly issued and nonassessable shares of common stock, $0.0001 par
value per share, of the Company ("Common Stock") at a price of $0.1125 per share
at any time or from time to time during the period from August __, 2006 to five
years from the date of issuance (the "Expiration Date"), but not later than 5:00
p.m. New York City Time on the Expiration Date. The number of shares of Common
Stock to be received upon the exercise of this Warrant and the price to be paid
for each share of Common Stock may be adjusted from time to time as hereinafter
set forth. The shares of Common Stock deliverable upon such exercise, and as
adjusted from time to time, are hereinafter referred to as "Warrant Shares" and
the exercise price for each share of Common Stock, as in effect at any time and
as adjusted from time to time is hereinafter referred to as the "Exercise
Price". All capitalized terms in this Warrant unless otherwise defined herein
shall have the respective meanings ascribed to them in the Subscription
Agreement Agreement, dated August __, 2006 between Holder and the Company.

      (a) EXERCISE OF WARRANT

            (1) This Warrant may be exercised in whole or in part at any time or
from time to time on or after August __, 2006 until the Expiration Date (the
"Exercise Period"), provided, however, that if such day is a day on which
banking institutions in the State of New York are authorized by law to close,
then on the next succeeding day which shall not be such a day. This Warrant may
be exercised by presentation and surrender hereof to the Company at its
principal office, or at the office of its stock transfer agent, if any, with the
Purchase Form annexed hereto as Exhibit A, duly executed and accompanied by
payment of the Exercise Price for the number of Warrant Shares specified in such
form. As soon as practicable after each such exercise of the warrants, but not

<PAGE>

later than ten (10) business days from the date of such exercise, the Company
shall issue and deliver to the Holder a certificate or certificate for the
Warrant Shares issuable upon such exercise, registered in the name of the Holder
or its designee. If this Warrant should be exercised in part only, the Company
shall, upon surrender of this Warrant for cancellation, execute and deliver a
new Warrant evidencing the rights of the Holder thereof to purchase the balance
of the Warrant Shares purchasable thereunder. Upon receipt by the Company of
this Warrant at its office, or by the stock transfer agent of the Company at its
office, in proper form for exercise, the Holder shall be deemed to be the holder
of record of the shares of Common Stock issuable upon such exercise,
notwithstanding that the stock transfer books of the Company shall then be
closed or that certificates representing such shares of Common Stock shall not
then be physically delivered to the Holder.

            (2) At any time during the Exercise Period, the Holder may, at its
option, exchange this Warrant, in whole or in part (a "Warrant Exchange"), into
the number of Warrant Shares determined in accordance with this Section (a)(2),
by surrendering this Warrant at the principal office of the Company or at the
office of its stock transfer agent, accompanied by a notice stating such
Holder's intent to effect such exchange, the number of Warrant Shares to be
exchanged and the date on which the Holder requests that such Warrant Exchange
occur (the "Notice of Exchange"). The Warrant Exchange shall take place on the
date specified in the Notice of Exchange or, if later, the date the Notice of
Exchange is received by the Company (the "Exchange Date"). Certificates for the
shares issuable upon such Warrant Exchange and, if applicable, a new warrant of
like tenor evidencing the balance of the shares remaining subject to this
Warrant, shall be issued as of the Exchange Date and delivered to the Holder
within ten (10) business days following the Exchange Date. In connection with
any Warrant Exchange, this Warrant shall represent the right to subscribe for
and acquire the number of Warrant Shares (rounded to the next smallest whole
number of Warrant Shares, together with any cash payment required pursuant to
Section (c) below) equal to (i) the number of Warrant Shares specified by the
Holder in its Notice of Exchange (the "Total Number") less (ii) the number of
Warrant Shares equal to the quotient obtained by dividing (A) the product of the
Total Number and the existing Exercise Price by (B) the current market value of
a share of Common Stock. Current market value shall have the meaning set forth
in Section (c) below, except that for purposes hereof, the date of exercise, as
used in such Section (c), shall mean the Exchange Date.

      (b) RESERVATION OF SHARES. The Company shall at all times reserve for
issuance and/or delivery upon exercise of this Warrant such number of shares of
its Common Stock as shall be required for issuance and delivery upon exercise of
the Warrants.

      (c) FRACTIONAL SHARES. No fractional shares or script representing
fractional shares shall be issued upon the exercise of this Warrant. In lieu of
such fractional shares the Company shall make a cash payment therefor on the
basis of the Exercise Price then in effect.

      (d) EXCHANGE, TRANSFER, ASSIGNMENT OR LOSS OF WARRANT. This Warrant is
exchangeable, without expense, at the option of the Holder, upon presentation
and surrender hereof to the Company or at the office of its stock transfer
agent, if any, for other warrants of different denominations entitling the

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<PAGE>

holder thereof to purchase in the aggregate the same number of shares of Common
Stock purchasable hereunder. Upon surrender of this Warrant to the Company at
its principal office or at the office of its stock transfer agent, if any, with
the Assignment Form annexed hereto as Exhibit B, duly executed and funds
sufficient to pay any transfer tax, the Company shall, without charge, execute
and deliver a new Warrant in the name of the assignee or assignees named in such
instrument of assignment and this Warrant shall promptly be canceled. This
Warrant may be divided or combined with other warrants which carry the same
rights upon presentation hereof at the principal office of the Company or at the
office of it stock transfer agent, if any, together with a written notice
specifying the names and denominations in which new Warrants are to be issued
and signed by the Holder hereof. The term "Warrant" as used herein includes any
Warrants into which this Warrant may be divided or exchanged. Upon receipt by
the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and (in the case of loss, theft or destruction) of
reasonably satisfactory indemnification, and upon surrender and cancellation of
this Warrant, if mutilated, the Company will execute and deliver a new Warrant
of like tenor and date.

      (e) RIGHTS OF THE HOLDER. The Holder shall not, by virtue hereof, be
entitled to any rights of a shareholder in the Company, either at law or equity,
and the rights of the Holder are limited to those expressed in the Warrant and
are not enforceable against the Company except to the extent set forth herein.

      (f) ANTI-DILUTION PROVISIONS. The Exercise Price in effect at any time and
the number and kind of securities purchasable upon the exercise of the Warrants
shall be subject to adjustment from time to time upon the happening of certain
events as follows:

            (1) In case the Company shall (i) declare a dividend or make a
      distribution on its outstanding shares of Common Stock in shares of Common
      Stock, (ii) subdivide or reclassify its outstanding shares of Common Stock
      into a greater number of shares, or (iii) combine or reclassify its
      outstanding shares of Common Stock into a smaller number of shares, the
      Exercise Price in effect at the time of the record date for such dividend
      or distribution or of the effective date of such subdivision, combination
      or reclassification shall be adjusted so that it shall equal the price
      determined by multiplying the Exercise Price by a fraction, the
      denominator of which shall be the number of shares of Common Stock
      outstanding after giving effect to such action, and the numerator of which
      shall be the number of shares of Common Stock outstanding immediately
      prior to such action. Such adjustment shall be made successively whenever
      any event listed above shall occur.

            (2) Whenever the Exercise Price payable upon exercise of each
      Warrant is adjusted pursuant to Section (f)(1) above, the number of
      Warrant Shares purchasable upon exercise of this Warrant shall
      simultaneously be adjusted by multiplying the number of Warrant Shares
      initially issuable upon exercise of this Warrant by the Exercise Price in
      effect on the date hereof and dividing the product so obtained by the
      Exercise Price, as adjusted.

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<PAGE>

            (3) Whenever the Exercise Price is adjusted, as herein provided, the
      Company shall promptly but no later than 10 days after any request for
      such an adjustment by the Holder, cause a notice setting forth the
      adjusted Exercise Price and adjusted number of Warrant Shares issuable
      upon exercise of each Warrant, and, if requested, information describing
      the transactions giving rise to such adjustments, to be mailed to the
      Holders at their last addresses appearing in the Company's books and
      records, and shall notify its transfer agent, if any, of such adjustment.
      The Company may retain a firm of independent certified public accountants
      selected by the Board of Directors (who may be the regular accountants
      selected by the Board of Directors (who may be the regular accountants
      employed by the Company) to make any computation required by this Section
      (f)(3), and a certificate signed by such firm shall be conclusive evidence
      of the correctness of such adjustment.

            (4) In the event that at any time, as a result of an adjustment made
      pursuant to Section (f)(1) above, the Holder of this Warrant thereafter
      shall become entitled to receive any shares of the Company, other than
      Common Stock, thereafter the number of such shares so receivable upon
      exercise of this Warrant shall be subject to adjustment from time to time
      in a manner and on terms as nearly equivalent as practicable to the
      provisions with respect to the Common Stock contained in Sections (f)(1)
      to (f)(3), inclusive above.

            (5) Irrespective of any adjustments in the Exercise Price or the
      number or kind of shares purchasable upon exercise of this Warrant,
      Warrants theretofore or thereafter issued may continue to express the same
      price and number and kind of shares as are stated in the similar Warrants
      initially issuable pursuant to this Agreement.

      (g) OFFICER'S CERTIFICATE. Whenever the Exercise Price shall be adjusted
as required by the provisions of the foregoing Section, the Company shall
forthwith file in the custody of its Secretary or an Assistant Secretary at its
principal office and with its stock transfer agent, if any, an officer's
certificate showing the adjusted Exercise Price determined as herein provided,
setting forth in reasonable detail the facts requiring such adjustment,
including a statement of the number of additional shares of Common Stock, if
any, and such other facts as shall be necessary to show the reason for and the
manner of computing such adjustment. Each such officer's certificate shall be
made available at all reasonable times for inspection by the holder or any
holder of a Warrant executed and delivered pursuant to Section (a) and the
Company shall, forthwith after each such adjustment, mail a copy by certified
mail of such certificate to the Holder or any such holder.

      (h) NOTICES TO WARRANT HOLDERS. So long as this Warrant shall be
outstanding, (i) if the Company shall pay any dividend or make any distribution
upon the Common Stock, or (ii) if the Company shall offer to the holders of
Common Stock for subscription or purchase by them any share of any class or any
other rights, or (iii) if any capital reorganization of the Company,
reclassification of the capital stock of the Company, consolidation or merger of
the Company with or into another corporation, sale, lease or transfer of all or

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<PAGE>

substantially all of the property and assets of the Company to another
corporation, or voluntary or involuntary dissolution, liquidation or winding up
of the Company shall be effected, then in any such case, the Company shall cause
to be mailed by certified mail to the Holder, at least fifteen business days
prior the date specified in (x) or (y) below, as the case may be, a notice
containing a brief description of the proposed action and stating the date on
which (x) a record is to be taken for the purpose of such dividend, distribution
or rights, or (y) such reclassification, reorganization, consolidation, merger,
conveyance, lease, dissolution, liquidation or winding up is to take place and
the date, if any is to be fixed, as of which the holders of Common Stock or
other securities shall receive cash or other property deliverable upon such
reclassification, reorganization, consolidation, merger, conveyance,
dissolution, liquidation or winding up.

      (i) RECLASSIFICATION, REORGANIZATION OR MERGER. In case of any
reclassification, capital reorganization or other change of outstanding shares
of Common Stock of the Company, or in the case of any consolidation or merger of
the Company with or into another corporation (other than a merger with a
subsidiary in which merger the Company is the continuing corporation and which
does not result in any reclassification, capital reorganization or other change
of outstanding shares of Common Stock of the class issuable upon exercise of
this Warrant) or in the case of any sale, lease or conveyance to another
corporation of all or substantially all of the assets of the Company, the
Company shall, as a condition precedent to such transaction, cause effective
provisions to be made so that the Holder shall have the right thereafter by
exercising this Warrant at any time prior to the expiration of the Warrant, to
purchase the kind and amount of shares of stock and other securities and
property receivable upon such reclassification, capital reorganization and other
change, consolidation, merger, sale or conveyance by a holder of the number of
shares of Common Stock which might have been purchased upon exercise of this
Warrant immediately prior to such reclassification, change, consolidation,
merger, sale or conveyance. Any such provision shall include provision for
adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Warrant. The foregoing provisions of this
Section (i) shall similarly apply to successive reclassifications, capital
reorganizations and changes of shares of Common Stock and to successive
consolidations, mergers, sales or conveyances. In the event that in connection
with any such capital reorganization or reclassification, consolidation, merger,
sale or conveyance, additional shares of Preferred Stock or Common Stock shall
be issued in exchange, conversion, substitution or payment, in whole or in part,
for security of the Company other than Common Stock, any such issue shall be
treated as an issue of Common Stock covered by the provisions of Subsection (1)
of Section (f) hereof.

      (j) COMPLIANCE WITH SECURITIES ACT.

            (1) Unregistered Securities. The Holder acknowledges that neither
      this Warrant, nor the Warrant Shares, have been registered under the
      Securities Act and agrees not to sell, pledge, distribute, offer for sale,
      transfer or otherwise dispose of this Warrant or any Warrant Shares in the
      absence of (i) an effective registration statement under the Securities
      Act covering this Warrant or such Warrant Shares and registration or
      qualification of this Warrant or such Warrant Shares under any applicable
      "blue sky" or state securities law then in effect, or (ii) the
      availability of an exemption from any such registration and qualification.

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<PAGE>

            (2) Legend. Any certificates delivered to the Holder representing
      Warrant Shares shall bear the following legend or a legend in
      substantially similar form:

            "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN TAKEN FOR
            INVESTMENT AND THEY MAY NOT BE SOLD OR OTHERWISE TRANSFERRED BY ANY
            PERSON, INCLUDING A PLEDGEE, IN THE ABSENCE OF AN EFFECTIVE
            REGISTRATION STATEMENT FOR THE SHARES UNDER THE SECURITIES ACT OF
            1933, AS AMENDED, OR IF AN EXEMPTION FROM REGISTRATION IS THEN
            AVAILABLE."

      (k) GOVERNING LAW. This Warrant will be governed by and construed in
accordance with and governed by the laws of Delaware, without giving effect to
the conflict of law principles thereof.

      (l) NOTICES. All notices, requests and other communications hereunder
shall be in writing, shall be either (i) delivered by hand, (ii) made by
facsimile transmission, (iii) sent by overnight courier, or (iv) sent by
registered mail, postage prepaid, return receipt requested. In the case of
notices from the Company to the Holder, they shall be sent to the address
furnished to the Company in writing by the last Holder who shall have furnished
an address to the Company in writing. All notices from the Holder to the Company
shall be delivered to the Company at its offices at 75 Passaic Avenue,
Fairfield, New Jersey 07004, facsimile (973) 227-7169 or such other address or
facsimile number as the Company shall so notify the Holder. All notices,
requests and other communications hereunder shall be deemed to have been given
(i) by hand, at the time of the delivery thereof to the receiving party at the
address of such party described above, (ii) if made by facsimile transmission,
at the time that receipt thereof has been acknowledged by electronic
confirmation or otherwise, (iii) if sent by overnight courier, on the next
business day following the day such notices is delivered to the courier service,
or (iv) if sent by registered mail, on the fifth (5th) business day following
the day such mailing is made.

                                       ASTRALIS LTD.

                                       By:
                                           -------------------------------------
                                           Title:
                                           Printed Name:
[SEAL]

Dated As Of: _______, 200_

Attest:

----------------------------
Printed Name:

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<PAGE>

                                    Exhibit A

                                  PURCHASE FORM

To: Astralis Ltd.

The undersigned pursuant to the provisions set forth in the attached Warrant
(No.______), (the "Warrant") hereby irrevocably elects to (check one):

      _____  (A) purchase ___ shares of the Common Stock, par value $0.0001 per
             share, of Astralis Ltd. (the "Common Stock"), covered by such
             Warrant and herewith makes payment of $_____________, representing
             the full purchase price for such shares at the price per share
             provided for in such Warrant; or

      _____  (B) convert ___ Warrant Shares (as defined below) into that number
             of shares of fully paid and nonassessable shares of Common Stock,
             determined pursuant to the provisions of Section 2 of the Warrant.

      The Common Stock for which the Warrant may be exercised or converted shall
be known herein as the "Warrant Shares." All capitalized terms used but not
defined herein shall have the meanings ascribed to such terms in the Warrant.

      The undersigned is aware that the Warrant Shares have not been and,
subject to certain registration rights which the undersigned may otherwise
posses, will not be registered under the Securities Act of 1933, as amended (the
"Securities Act") or any state securities laws. The undersigned understands that
reliance by the Company on exemptions under the Securities Act is predicated in
part upon the truth and accuracy of the statements of the undersigned in this
Purchase Form.

      The undersigned agrees that it will in no event sell or distribute or
otherwise dispose of all or any part of the Warrant Shares unless (1) there is
an effective registration statement under the Securities Act and applicable
state securities laws covering any such transaction involving the Warrant
Shares, or (2) such transaction is exempt from registration. The undersigned
consents to the placing of a legend on its certificate for the Warrant Shares
stating that the sale of the Warrant Shares has not been registered and setting
forth the restriction on transfer contemplated hereby and to the placing of a
stop transfer order on the books of the Company and with any transfer agents
against the Warrant Shares until the Warrant Shares may be legally resold or
distributed without restriction.

      The undersigned has considered the federal and state income tax
implications of the exercise of the Warrant and the purchase and subsequent sale
of the Warrant Shares.

                                                --------------------------------

                                                Dated:
                                                       -------------------------

<PAGE>

                                    Exhibit B

                                 ASSIGNMENT FORM

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

            FOR VALUE RECEIVED, ______________________ hereby sells, assigns and
transfers unto ______________________ (i) __________________________
(______________) the right to purchase _____________ shares of Common Stock, par
value $0.0001 per share, of Astralis Ltd. (the "Company") pursuant to the
warrant No. ______ (the "Warrant") delivered herewith and standing in the name
of the undersigned on the books of the Company, and does hereby irrevocably
constitute and appoint the Company its attorney to transfer the said Warrant on
the books of the Company with full power of substitution in the premises.

Dated: ____________, 200__

IN PRESENCE OF

____________________________                By:______________________________
Witness Name:                               Print Name:
                                            Title:THIS NOTE AND THE SHARES OF COMMON STOCK ISSUED UPON ANY CONVERSION HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD
OR OTHERWISE TRANSFERRED TO ANY PERSON, INCLUDING A PLEDGEE, UNLESS (1) EITHER
(A) A REGISTRATION STATEMENT WITH RESPECT THERETO SHALL BE EFFECTIVE UNDER THE
SECURITIES ACT, OR (B) THAT AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT IS AVAILABLE, AND (2) THERE SHALL HAVE BEEN COMPLIANCE WITH ALL APPLICABLE
STATE SECURITIES OR "BLUE SKY" LAWS.

                                CONVERTIBLE NOTE

                               Due August __, 2009

$__________                                                      August __, 2006

      Astralis, Ltd., a corporation duly formed under the laws of the State of
Delaware, (the "Issuer"), for value received, hereby promises to pay to _______
(the "Holder") the principal sum of _________ Dollars ($________), together with
interest, in the manner provided herein.

      Payments and Redemption.

      All amounts outstanding and unpaid under this Note shall be due and
payable on August __, 2009. Notwithstanding anything to the contrary contained
herein, the Issuer may, at its option in accordance with this Section 1 and
Article IV of the Subscription Agreement, dated August __, 2006 by and between
the Issuer and the Holder, at any time and from time to time, on 45 day's
written notice to the Holder, redeem all or any part of the principal balance of
this Note at a price equal to (i) the "Interest Amount", determined pursuant to
this Section 1, of the principal amount of the Notes to be prepaid, plus (ii)
the principal amount of Notes to be prepaid. The Interest Amount shall be equal
to: (a) if such prepayment occurs on or prior to the first anniversary of the
date hereof, six percent (6%) of the principal amount thereof; (b) if such
prepayment occurs after the first anniversary of the date hereof and prior to
the second anniversary of the date hereof, twelve percent (12%) of the aggregate
principal amount thereof; and (c) if such prepayment occurs after the second
anniversary of the date hereof, eighteen percent (18%) of the aggregate
principal price thereof.

      Conversion.

      At any time on or prior to the redemption date, all or any portion of the
outstanding principal and accrued interest of this Note may be converted into
the Common Stock of the Issuer, at a conversion price of $0.075 per share.

      Interest.

      Interest shall accrue on the Note at the rate of 6.0% per annum, computed
on the basis of a simple interest of 1/2% per month (or part thereof) of the
principal amount of the Note. Unless converted, interest shall be payable upon
the repayment of the Note.

<PAGE>

      Default Rate.

      Notwithstanding anything in this Note to the contrary, should a Default
(as defined in Section 5) occur and be continuing, interest on all amounts due
under this Note shall accrue at a default rate of interest (the "Default
Interest Rate") equal to the sum of 20% per annum plus the current "prime rate"
(as published in the Wall Street Journal on such date or in any other comparable
publication selected in the Holder's discretion). All accrued and unpaid
interest shall be compounded by adding it to the outstanding principal
indebtedness under this Note at the end of each month.

      Default.

      In case a Default shall occur and be continuing, the entire unpaid
principal of this Note plus all accrued and unpaid interest shall become due and
payable upon demand. The Issuer further agrees to pay to the Holder any of the
Holders' fees and expenses in connection with the collection of this Note.
"Default" shall mean a failure of the Issuer to make a payment of interest or
principal when due.

      Miscellaneous.

            The Issuer will pay to the Holder, in immediately available funds to
such account as the Holder may specify in writing, all amounts payable to the
Holder in respect of the principal, interest or other amounts due under this
Note, without any presentation of this Note. Each such payment, when paid, shall
be applied first to the fees and charges due under this Note, second to the
payment of interest accrued and unpaid on this Note, and third to the payment of
the principal hereof. All payments hereunder shall be made at the Holder's
principal office. All calculations and applications of amounts due on any date,
whether by acceleration or otherwise, will be made by the Holder, and the Issuer
agrees that all such calculations and applications will be conclusive and
binding absent manifest error.

            The Issuer and all sureties, endorsers and guarantors of this Note,
to the extent not prohibited by applicable law or regulation, hereby (a) waive
as to this debt or any renewal, modification, extension or refinancing thereof
demand, presentment, notice of non-payment, protest, notice of protest, notice
of dishonor, all other notice, suit against any party, diligence in collection
of this Note, the release of any party primarily or secondarily liable thereon
or any collateral pledged as security, and all other requirements necessary to
hold Issuer liable hereunder; and (b) agree and consent to any one or more
extensions or postponements of time of payment of this Note or any other
indulgences with respect hereto, without notice thereof to any of them, and
without release of liability as to Issuer or any of them.

            This Note has been issued and is to be performed in the State of New
Jersey and shall be governed by and construed and enforced in accordance with
the laws of the State of Delaware. If any provision hereof is in conflict with
any statute or rule of law of the State of Delaware or any other state, or is
otherwise unenforceable for any reason whatsoever, then such provision shall be
deemed separable from and shall not invalidate any other provision of this Note.

            THE ISSUER WAIVES ANY AND ALL RIGHTS THAT THEY MAY NOW OR HEREAFTER
HAVE UNDER THE LAWS OF THE UNITED STATES OF AMERICA OR ANY STATE, TO A TRIAL BY
JURY OF ANY AND ALL ISSUES ARISING EITHER DIRECTLY OR INDIRECTLY IN ANY ACTION

                                        2
<PAGE>

OR PROCEEDING BETWEEN THE ISSUER AND THE HOLDER OR ITS SUCCESSORS AND ASSIGNS,
OUT OF OR IN ANY WAY CONNECTED WITH THIS NOTE. IT IS INTENDED THAT SAID WAIVER
SHALL APPLY TO ANY AND ALL DEFENSES, RIGHTS, AND/OR COUNTERCLAIMS IN ANY ACTION
OR PROCEEDINGS.

                                        3
<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Note to be duly executed
and delivered.

DATED: August __, 2006                             ASTRALIS LTD.

                                                   By: _________________________
                                                       Name:
                                                       Title:

                                        4

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