Document:

Exhibit 4.4

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 THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THESE SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION OF THESE
SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

Original Issue Date: April __, 2004
Original Conversion Price (subject to adjustment herein): $0.05

                                                               $______________

                            7% CONVERTIBLE DEBENTURE
                              DUE APRIL _____, 2007

      THIS DEBENTURE is one of a series of duly authorized and issued
Convertible Debentures of Tasker Capital Corp., a Nevada corporation, having a
principal place of business at _____________________________ (the "Company"),
designated as its 7% Convertible Debenture, due April __, 2007 (the
"Debentures").

      FOR VALUE RECEIVED, the Company promises to pay to________________________
or its registered assigns (the "Holder"), the principal sum of $_______________
on April __, 2007 or such earlier date as the Debentures are required or
permitted to be repaid as provided hereunder (the "Maturity Date"), and to pay
interest to the Holder on the aggregate unconverted and then outstanding
principal amount of this Debenture at the rate of 7% per annum, payable
quarterly on March 31, June 30, September 30 and December 31, beginning on the
first such date after the Original Issue Date and on each Conversion Date (as to
that principal amount then being converted) and on the Maturity Date (except
that, if any such date is not a Business Day, then such payment shall be due on
the next succeeding Business Day) (each such date, an "Interest Payment Date"),
in cash or shares of Common Stock at the Interest Conversion Rate, or a
combination thereof; provided, however, payment in shares of Common Stock may
only occur if during the 20 Trading Days immediately prior to the applicable

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Interest Payment Date all of the Equity Conditions have been met and the Company
shall have given the Holder notice in accordance with the notice requirements
set forth below. Subject to the terms and conditions herein, the decision
whether to pay interest hereunder in shares of Common Stock or cash shall be at
the discretion of the Company. Not less than 20 Trading Days prior to each
Interest Payment Date, the Company shall provide the Holder with written notice
of its election to pay interest hereunder either in cash or shares of Common
Stock (the Company may indicate in such notice that the election contained in
such notice shall continue for later periods until revised). Within 20 Trading
Days prior to an Interest Payment Date, the Company's election (whether specific
to an Interest Payment Date or continuous) shall be irrevocable as to such
Interest Payment Date. Subject to the aforementioned conditions, failure to
timely provide such written notice shall be deemed an election by the Company to
pay the interest on such Interest Payment Date in cash. Interest shall be
calculated on the basis of a 360-day year and shall accrue daily commencing on
the Original Issue Date until payment in full of the principal sum, together
with all accrued and unpaid interest and other amounts which may become due
hereunder, has been made. Payment of interest in shares of Common Stock shall
otherwise occur pursuant to Section 4(b) and only for purposes of the payment of
interest in shares, the Interest Payment Date shall be deemed the Conversion
Date. Interest shall cease to accrue with respect to any principal amount
converted, provided that the Company in fact delivers the Conversion Shares
within the time period required by Section 4(b)(i). Interest hereunder will be
paid to the Person in whose name this Debenture is registered on the records of
the Company regarding registration and transfers of Debentures (the "Debenture
Register"). Except as otherwise provided herein, if at any time the Company pays
interest partially in cash and partially in shares of Common Stock, then such
payment shall be distributed ratably among the Holders based upon the principal
amount of Debentures held by each Holder. All overdue accrued and unpaid
interest to be paid hereunder shall entail a late fee at the rate of 18% per
annum (or such lower maximum amount of interest permitted to be charged under
applicable law) ("Late Fee") which will accrue daily, from the date such
interest is due hereunder through and including the date of payment.
Notwithstanding anything to the contrary contained herein, if on any Interest
Payment Date the Company has elected to pay interest in Common Stock and is not
able to pay accrued interest in the form of Common Stock because it does not
then satisfy the conditions for payment in the form of Common Stock set forth
above, then, at the option of the Holder, the Company, in lieu of delivering
either shares of Common Stock pursuant to this Section 4 or paying the regularly
scheduled cash interest payment, shall deliver, within three Trading Days of
each applicable Interest Payment Date, an amount in cash equal to the product of
the number of shares of Common Stock otherwise deliverable to the Holder in
connection with the payment of interest due on such Interest Payment Date and
the highest VWAP during the period commencing on the Interest Payment Date and
ending on the Trading Day prior to the date such payment is made. The Company
may not prepay any portion of the principal amount of this Debenture without the
prior written consent of the Holder.

      This Debenture is subject to the following additional provisions:

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      Section 1. This Debenture is exchangeable for an equal aggregate principal
amount of Debentures of different authorized denominations, as requested by the
Holder surrendering the same. No service charge will be made for such
registration of transfer or exchange.

      Section 2. This Debenture has been issued subject to certain investment
representations of the original Holder set forth in the Purchase Agreement and
may be transferred or exchanged only in compliance with the Purchase Agreement
and applicable federal and state securities laws and regulations. Prior to due
presentment to the Company for transfer of this Debenture, the Company and any
agent of the Company may treat the Person in whose name this Debenture is duly
registered on the Debenture Register as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Debenture is overdue, and neither the Company nor any such agent shall be
affected by notice to the contrary.

      Section 3. Events of Default.

            a) "Event of Default", wherever used herein, means any one of the
      following events (whatever the reason and whether it 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):

                  i) any default in the payment of (A) the principal of amount
            of any Debenture, or (B) interest (including Late Fees) on, or
            liquidated damages in respect of, any Debenture, in each case free
            of any claim of subordination, as and when the same shall become due
            and payable (whether on a Conversion Date or the Maturity Date or by
            acceleration or otherwise) which default, solely in the case of an
            interest payment or other default under clause (B) above, is not
            cured, within 3 Trading Days;

                  ii) the Company shall fail to observe or perform any other
            covenant or agreement contained in this Debenture or any of the
            other Transaction Documents (other than a breach by the Company of
            its obligations to deliver shares of Common Stock to the Holder upon
            conversion which breach is addressed in clause (xii) below) which
            failure is not cured, if possible to cure, within the earlier to
            occur of (A) 5 Trading Days after notice of such default sent by the
            Holder or by any other Holder and (B) 10 Trading Days after the
            Company shall become or should have become aware of such failure;

                  iii) a default or event of default (subject to any grace or
            cure period provided for in the applicable agreement, document or
            instrument) shall occur under (A) any of the Transaction Documents
            other than the Debentures, or (B) any other material agreement,
            lease, document or instrument to which the Company or any Subsidiary
            is bound;

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                  iv) any representation or warranty made herein, in any other
            Transaction Document, in any written statement pursuant hereto or
            thereto, or in any other report, financial statement or certificate
            made or delivered to the Holder or any other holder of Debentures
            shall be untrue or incorrect in any material respect as of the date
            when made or deemed made;

                  v) the Company or any of its subsidiaries shall commence, or
            there shall be commenced against the Company or any such subsidiary
            a case under any applicable bankruptcy or insolvency laws as now or
            hereafter in effect or any successor thereto, or the Company or any
            Subsidiary commences any other proceeding under any reorganization,
            arrangement, adjustment of debt, relief of debtors, dissolution,
            insolvency or liquidation or similar law of any jurisdiction whether
            now or hereafter in effect relating to the Company or any subsidiary
            thereof or there is commenced against the Company or any subsidiary
            thereof any such bankruptcy, insolvency or other proceeding which
            remains undismissed for a period of 60 days; or the Company or any
            subsidiary thereof is adjudicated insolvent or bankrupt; or any
            order of relief or other order approving any such case or proceeding
            is entered; or the Company or any subsidiary thereof 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 60 days; or the Company or any subsidiary thereof makes a
            general assignment for the benefit of creditors; or the Company
            shall fail to pay, or shall state that it is unable to pay, or shall
            be unable to pay, its debts generally as they become due; or the
            Company or any subsidiary thereof shall call a meeting of its
            creditors with a view to arranging a composition, adjustment or
            restructuring of its debts; or the Company or any subsidiary thereof
            shall by any act or failure to act expressly indicate its consent
            to, approval of or acquiescence in any of the foregoing; or any
            corporate or other action is taken by the Company or any subsidiary
            thereof for the purpose of effecting any of the foregoing;

                  vi) the Company or any Subsidiary shall default in any of its
            obligations under any mortgage, credit agreement or other facility,
            indenture agreement, factoring agreement or other instrument under
            which there may be issued, or by which there may be secured or
            evidenced any indebtedness for borrowed money or money due under any
            long term leasing or factoring arrangement of the Company in an
            amount exceeding $150,000, 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;

                  vii) the Common Stock shall not be eligible for quotation on
            or quoted for trading on a Trading Market and shall not again be
            eligible for and quoted or listed for trading thereon within five
            Trading Days;

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                  viii) the Company shall be a party to any Change of Control
            Transaction, shall agree to sell or dispose of all or in excess of
            33% of its assets in one or more transactions (whether or not such
            sale would constitute a Change of Control Transaction) or shall
            redeem or repurchase more than a de minimis number of its
            outstanding shares of Common Stock or other equity securities of the
            Company (other than redemptions of Conversion Shares and repurchases
            of shares of Common Stock or other equity securities of departing
            officers and directors of the Company; provided such repurchases
            shall exceed $100,000, in the aggregate, for all officers and
            directors during the term of this Debenture);

                  ix) a Registration Statement shall not have been declared
            effective by the Commission on or prior to the 180th calendar day
            after the Closing Date or any other Event (as defined in the
            Registration Rights Agreement) shall have occurred;

                  x) if, during the Effectiveness Period (as defined in the
            Registration Rights Agreement), the effectiveness of the
            Registration Statement lapses for any reason or the Holder shall not
            be permitted to resell Registrable Securities (as defined in the
            Registration Rights Agreement) under the Registration Statement, in
            either case, for more than 15 consecutive Trading Days or 25
            non-consecutive Trading Days during any 12 month period; provided,
            however, that in the event that the Company is negotiating a merger,
            consolidation, acquisition or sale of all or substantially all of
            its assets or a similar transaction and in the written opinion of
            counsel to the Company, the Registration Statement, would be
            required to be amended to include information concerning such
            transactions or the parties thereto that is not available or may not
            be publicly disclosed at the time, the Company shall be permitted an
            additional 10 consecutive Trading Days during any 12 month period
            relating to such an event;

                  xi) an Event (as defined in the Registration Rights Agreement)
            shall not have been cured to the satisfaction of the Holder prior to
            the expiration of thirty days from the Event Date (as defined in the
            Registration Rights Agreement) relating thereto (other than an Event
            resulting from a failure of an Registration Statement to be declared
            effective by the Commission on or prior to the Effectiveness Date
            (as defined in the Registration Rights Agreement), which shall be
            covered by Section 3(a)(vii));

                  xii) the Company shall fail for any reason to deliver
            certificates to a Holder prior to the fifth Trading Day after a
            Conversion Date pursuant to and in accordance with Section 4(b) or
            the Company shall provide notice to the Holder, including by way of
            public announcement, at any time, of its intention not to comply
            with requests for conversions of any Debentures in accordance with
            the terms hereof; or

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                  (xiii) the Company shall fail for any reason to deliver the
            payment in cash pursuant to a Buy-In (as defined herein) within five
            days after notice thereof is delivered hereunder.

            b) If any Event of Default occurs, the full principal amount of this
      Debenture, together with interest and other amounts owing in respect
      thereof, to the date of acceleration shall become, at the Holder's
      election, immediately due and payable in cash. The aggregate amount
      payable upon an Event of Default shall be equal to the Mandatory
      Prepayment Amount. Commencing 5 days after the occurrence of any Event of
      Default that results in the eventual acceleration of this Debenture, the
      interest rate on this Debenture shall accrue at the rate of 18% per annum,
      or such lower maximum amount of interest permitted to be charged under
      applicable law. All Debentures for which the full Mandatory Prepayment
      Amount hereunder shall have been paid in accordance herewith shall
      promptly be surrendered to or as directed by the Company. The Holder need
      not provide and the Company hereby waives any presentment, demand, protest
      or other notice of any kind, and the Holder may immediately and without
      expiration of any 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 Holder at any time
      prior to payment hereunder and the Holder shall have all rights as a
      Debenture holder until such time, if any, as the full payment under this
      Section shall have been received by it. No such rescission or annulment
      shall affect any subsequent Event of Default or impair any right
      consequent thereon.

      Section 4. Conversion.

                  a) i) At any time after the Original Issue Date until this
            Debenture is no longer outstanding, this Debenture shall be
            convertible into shares of Common Stock at the option of the Holder,
            in whole or in part at any time and from time to time (subject to
            the limitations on conversion set forth in Section 4(a)(ii) hereof).
            The Holder shall effect conversions by delivering to the Company the
            form of Notice of Conversion attached hereto as Annex A (a "Notice
            of Conversion"), specifying therein the principal amount of
            Debentures to be converted and the date on which such conversion is
            to be effected (a "Conversion Date"). If no Conversion Date is
            specified in a Notice of Conversion, the Conversion Date shall be
            the date that such Notice of Conversion is provided hereunder. To
            effect conversions hereunder, the Holder shall not be required to
            physically surrender Debentures to the Company unless the entire
            principal amount of this Debenture plus all accrued and unpaid
            interest thereon has been so converted. Conversions hereunder shall
            have the effect of lowering the outstanding principal amount of this
            Debenture in an amount equal to the applicable conversion. The
            Holder and the Company shall maintain records showing the principal
            amount converted and the date of such conversions. The Company shall
            deliver any objection to any Notice of Conversion within 1 Business
            Day of receipt of such notice. In the event of any dispute or
            discrepancy, the records of the Holder shall be controlling and
            determinative in the absence of manifest error. The Holder and any
            assignee, by acceptance of this Debenture, acknowledge and agree

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            that, by reason of the provisions of this paragraph, following
            conversion of a portion of this Debenture, the unpaid and
            unconverted principal amount of this Debenture may be less than the
            amount stated on the face hereof.

                  ii) Conversion Limitations.

                        (A) Reserved.

                        (B) The Company shall not effect any conversion of this
                  Debenture, and the Holder shall not have the right to convert
                  any portion of this Debenture, pursuant to Section 4(a)(i) or
                  otherwise, to the extent that after giving effect to such
                  conversion, the Holder (together with the Holder's
                  affiliates), as set forth on the applicable Notice of
                  Conversion, would beneficially own in excess of 4.99% of the
                  number of shares of the Common Stock outstanding immediately
                  after giving effect to such conversion. For purposes of the
                  foregoing sentence, the number of shares of Common Stock
                  beneficially owned by the Holder and its affiliates shall
                  include the number of shares of Common Stock issuable upon
                  conversion of this Debenture with respect to which the
                  determination of such sentence is being made, but shall
                  exclude the number of shares of Common Stock which would be
                  issuable upon (A) conversion of the remaining, nonconverted
                  portion of this Debenture beneficially owned by the Holder or
                  any of its affiliates and (B) exercise or conversion of the
                  unexercised or nonconverted portion of any other securities of
                  the Company (including, without limitation, any other
                  Debentures or the Warrants) subject to a limitation on
                  conversion or exercise analogous to the limitation contained
                  herein beneficially owned by the Holder or any of its
                  affiliates. Except as set forth in the preceding sentence, for
                  purposes of this Section 4(a)(ii), beneficial ownership shall
                  be calculated in accordance with Section 13(d) of the Exchange
                  Act. To the extent that the limitation contained in this
                  section applies, the determination of whether this Debenture
                  is convertible (in relation to other securities owned by the
                  Holder) and of which a portion of this Debenture is
                  convertible shall be in the sole discretion of such Holder. To
                  ensure compliance with this restriction, the Holder will be
                  deemed to represent to the Company each time it delivers a
                  Notice of Conversion that such Notice of Conversion has not
                  violated the restrictions set forth in this paragraph and the
                  Company shall have no obligation to verify or confirm the
                  accuracy of such determination. For purposes of this Section
                  4(a)(ii), in determining the number of outstanding shares of
                  Common Stock, the Holder may rely on the number of outstanding
                  shares of Common Stock as reflected in (x) the Company's most
                  recent Form 10-QSB or Form 10-KSB, as the case may be, (y) a
                  more recent public announcement by the Company or (z) any
                  other notice by the Company or the Company's Transfer Agent

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                  setting forth the number of shares of Common Stock
                  outstanding. Upon the written or oral request of the Holder,
                  the Company shall within two Trading Days confirm orally and
                  in writing to the Holder the number of shares of Common Stock
                  then outstanding. In any case, the number of outstanding
                  shares of Common Stock shall be determined after giving effect
                  to the conversion or exercise of securities of the Company,
                  including this Debenture, by the Holder or its affiliates
                  since the date as of which such number of outstanding shares
                  of Common Stock was reported. The provisions of this Section
                  4(a)(ii) may be waived by the Holder upon, at the election of
                  the Holder, not less than 61 days' prior notice to the
                  Company, and the provisions of this Section 4(a)(ii)(B) shall
                  continue to apply until such 61st day (or such later date, as
                  determined by the Holder, as may be specified in such notice
                  of waiver).

                  iii) Conversion Shares Issuable Upon Conversion of Principal
            Amount. The number of shares of Common Stock issuable upon a
            conversion shall be determined by the quotient obtained by dividing
            (x) the outstanding principal amount of this Debenture to be
            converted by (y) the Set Price.

                  (b) i) Not later than three Trading Days after any Conversion
            Date, the Company will deliver to the Holder a certificate or
            certificates representing the Conversion Shares which shall be free
            of restrictive legends and trading restrictions (other than those
            required by the Purchase Agreement) representing the number of
            shares of Common Stock being acquired upon the conversion of
            Debentures (including, if so timely elected by the Company, shares
            of Common Stock representing the payment of accrued interest) and
            (B) a bank check in the amount of accrued and unpaid interest (if
            the Company is required to pay accrued interest in cash). The
            Company shall, if available and if allowed under applicable
            securities laws, use its best efforts to deliver any certificate or
            certificates required to be delivered by the Company under this
            Section electronically through the Depository Trust Corporation or
            another established clearing corporation performing similar
            functions. If in the case of any Notice of Conversion such
            certificate or certificates are not delivered to or as directed by
            the applicable Holder by the fifth Trading Day after a Conversion
            Date, the Holder shall be entitled by 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 certificates representing
            the principal amount of Debentures tendered for conversion.

                  ii) If the Company fails for any reason to deliver to the
            Holder such certificate or certificates pursuant to Section 4(b)(i)
            by the third Trading Day after the Conversion Date, the Company
            shall pay to such Holder, in cash, as liquidated damages and not as
            a penalty, for each $5,000 of principal amount being converted, $50

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            per Trading Day (increasing to $100 per Trading Day after 3 Trading
            Days after such damages begin to accrue and increasing to $200 per
            Trading Day 6 Trading Days after such after such damages begin to
            accrue) for each Trading Day after such third Trading Day until such
            certificates are delivered. The Company's obligations to issue and
            deliver the Conversion Shares upon conversion of this Debenture in
            accordance with the terms hereof are absolute and unconditional,
            irrespective of any action or inaction by the Holder to enforce the
            same, any waiver or consent with respect to any provision hereof,
            the recovery of any judgment against any Person or any action to
            enforce the same, or any setoff, counterclaim, recoupment,
            limitation or termination, or any breach or alleged breach by the
            Holder or any other Person of any obligation to the Company or any
            violation or alleged violation of law by the Holder or any other
            person, and irrespective of any other circumstance which might
            otherwise limit such obligation of the Company to the Holder in
            connection with the issuance of such Conversion Shares; provided,
            however, such delivery shall not operate as a waiver by the Company
            of any such action the Company may have against the Holder. In the
            event a Holder of this Debenture shall elect to convert any or all
            of the outstanding principal amount hereof, the Company may not
            refuse conversion based on any claim that the Holder or any one
            associated or affiliated with the Holder of has been engaged in any
            violation of law, agreement or for any other reason, unless, an
            injunction from a court, on notice, restraining and or enjoining
            conversion of all or part of this Debenture shall have been sought
            and obtained and the Company posts a surety bond for the benefit of
            the Holder in the amount of 150% of the principal amount of this
            Debenture outstanding, which is subject to the injunction, which
            bond shall remain in effect until the completion of
            arbitration/litigation of the dispute and the proceeds of which
            shall be payable to such Holder to the extent it obtains judgment.
            In the absence of an injunction precluding the same, the Company
            shall issue Conversion Shares or, if applicable, cash, upon a
            properly noticed conversion. Nothing herein shall limit a Holder's
            right to pursue actual damages or declare an Event of Default
            pursuant to Section 3 herein for the Company's failure to deliver
            Conversion Shares within the period specified herein and such Holder
            shall have the right to pursue all remedies available to it at law
            or in equity including, without limitation, a decree of specific
            performance and/or injunctive relief. The exercise of any such
            rights shall not prohibit the Holders from seeking to enforce
            damages pursuant to any other Section hereof or under applicable
            law.

                  iii) In addition to any other rights available to the Holder,
            if the Company fails for any reason to deliver to the Holder such
            certificate or certificates pursuant to Section 4(b)(i) by the third
            Trading Day after the Conversion Date, and if after such third
            Trading Day the Holder is required by its brokerage firm to purchase
            (in an open market transaction or otherwise) Common Stock to deliver
            in satisfaction of a sale by such Holder of the Conversion Shares
            which the Holder anticipated receiving upon such conversion (a
            "Buy-In"), then the Company shall (A) pay in cash to the Holder (in

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            addition to any remedies available to or elected by the Holder) the
            amount by which (x) the Holder's total purchase price (including
            brokerage commissions, if any) for the Common Stock so purchased
            exceeds (y) the product of (1) the aggregate number of shares of
            Common Stock that such Holder anticipated receiving from the
            conversion at issue multiplied by (2) the actual sale price of the
            Common Stock at the time of the sale (including brokerage
            commissions, if any) giving rise to such purchase obligation and (B)
            at the option of the Holder, either reissue Debentures in principal
            amount equal to the principal amount of the attempted conversion or
            deliver to the Holder the number of shares of Common Stock that
            would have been issued had the Company timely complied with its
            delivery requirements under Section 4(b)(i). For example, if the
            Holder purchases Common Stock having a total purchase price of
            $11,000 to cover a Buy-In with respect to an attempted conversion of
            Debentures with respect to which the actual sale price of the
            Conversion Shares at the time of the sale (including brokerage
            commissions, if any) giving rise to such purchase obligation was a
            total of $10,000 under clause (A) of the immediately preceding
            sentence, the Company shall be required to pay the Holder $1,000.
            The Holder shall provide the Company written notice indicating the
            amounts payable to the Holder in respect of the Buy-In.
            Notwithstanding anything contained herein to the contrary, if a
            Holder requires the Company to make payment in respect of a Buy-In
            for the failure to timely deliver certificates hereunder and the
            Company timely pays in full such payment, the Company shall not be
            required to pay such Holder liquidated damages under Section
            4(b)(ii) in respect of the certificates resulting in such Buy-In.

                  (c) i) The conversion price in effect on any Conversion Date
            shall be equal to $0.05 (subject to adjustment herein)(the "Set
            Price").

                  ii) If the Company, at any time while the Debentures are
            outstanding: (A) shall pay a stock dividend or otherwise make a
            distribution or distributions on shares of its Common Stock or any
            other equity or equity equivalent securities payable in shares of
            Common Stock (which, for avoidance of doubt, shall not include any
            shares of Common Stock issued by the Company pursuant to this
            Debenture, including as interest thereon), (B) subdivide outstanding
            shares of Common Stock into a larger number of shares, (C) combine
            (including by way of reverse stock split) outstanding shares of
            Common Stock into a smaller number of shares, or (D) issue by
            reclassification of shares of the Common Stock any shares of capital
            stock of the Company, then the Set Price shall be multiplied by a
            fraction of which the numerator shall be the number of shares of
            Common Stock (excluding treasury shares, if any) outstanding before
            such event and of which the denominator shall be the number of
            shares of Common Stock outstanding after such event. Any adjustment
            made pursuant to this Section shall become effective immediately
            after the record date for the determination of stockholders entitled
            to receive such dividend or distribution and shall become effective

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            immediately after the effective date in the case of a subdivision,
            combination or re-classification.

                  iii) If the Company or any subsidiary thereof, as applicable,
            at any time while Debentures are outstanding, shall offer, sell,
            grant any option to purchase or offer, sell or grant any right to
            reprice its securities, or otherwise dispose of or issue (or
            announce any offer, sale, grant or any option to purchase or other
            disposition) any Common Stock or Common Stock Equivalents entitling
            any Person to acquire shares of Common Stock, at an effective price
            per share less than the then Set Price ("Dilutive Issuance"), as
            adjusted hereunder (if the holder of the Common Stock or Common
            Stock Equivalents so issued shall at any time, whether by operation
            of purchase price adjustments, reset provisions, floating
            conversion, exercise or exchange prices or otherwise, or due to
            warrants, options or rights per share which is issued in connection
            with such issuance, be entitled to receive shares of Common Stock at
            an effective price per share which is less than the Set Price, such
            issuance shall be deemed to have occurred for less than the Set
            Price), then the Set Price shall be reduced to equal the effective
            conversion, exchange or purchase price for such Common Stock or
            Common Stock Equivalents (including any reset provisions thereof) at
            issue. Such adjustment shall be made whenever such Common Stock or
            Common Stock Equivalents are issued. The Company shall notify the
            Holder in writing, no later than the business day following the
            issuance of any Common Stock or Common Stock Equivalents subject to
            this section, indicating therein the applicable issuance price, or
            of applicable reset price, exchange price, conversion price and
            other pricing terms.

                  iv) If the Company, at any time while Debentures are
            outstanding, shall distribute to all holders of Common Stock (and
            not to Holders) evidences of its indebtedness or assets or rights or
            warrants to subscribe for or purchase any security, then in each
            such case the Set Price shall be determined by multiplying such
            price in effect immediately prior to the record date fixed for
            determination of stockholders entitled to receive such distribution
            by a fraction of which the denominator shall be the VWAP determined
            as of the record date mentioned above, and of which the numerator
            shall be such VWAP on such record date 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 the Common Stock as determined by the Board of Directors in good
            faith. In either case the adjustments shall be described in a
            statement provided to the Holders 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.

                                       11
<PAGE>

                  v) All calculations under this Section 4 shall be made to the
            nearest cent or the nearest 1/100th of a share, as the case may be.
            For purposes of this Section 4, the number of shares of Common Stock
            outstanding as of a given date shall be the sum of the number of
            shares of Common Stock (excluding treasury shares, if any)
            outstanding.

                  vi) Whenever the Set Price is adjusted pursuant to any of
            Section 4(c)(ii) - (v), the Company shall promptly mail to each
            Holder a notice setting forth the Set Price after such adjustment
            and setting forth a brief statement of the facts requiring such
            adjustment. If the Company issues a variable rate security, despite
            the prohibition thereon in the Purchase Agreement, the Company shall
            be deemed to have issued Common Stock or Common Stock Equivalents at
            the lowest possible conversion or exercise price at which such
            securities may be converted or exercised in the case of a Variable
            Rate Transaction (as defined in the Purchase Agreement), or the
            lowest possible adjustment price in the case of an MFN Transaction
            (as defined in the Purchase Agreement).

                  vii) If (A) the Company shall declare a dividend (or any other
            distribution) on the Common Stock; (B) the Company shall declare a
            special nonrecurring cash dividend on or a redemption of the Common
            Stock; (C) the Company shall authorize the granting 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; (D) the
            approval of any stockholders of the Company shall be required in
            connection with any reclassification of the 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,
            of any compulsory share exchange whereby the Common Stock is
            converted into other securities, cash or property; (E) the Company
            shall authorize the voluntary or involuntary dissolution,
            liquidation or winding up of the affairs of the Company; then, in
            each case, the Company shall cause to be filed at each office or
            agency maintained for the purpose of conversion of the Debentures,
            and shall cause to be mailed to the Holders at their last addresses
            as they shall appear upon the stock books of the Company, at least
            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 the 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 or
            share exchange is expected to become effective or close, and the
            date as of which it is expected that holders of the Common Stock of
            record shall be entitled to exchange their shares of the Common
            Stock for securities, cash or other property deliverable upon such
            reclassification, consolidation, merger, sale, transfer or share
            exchange; provided, that the failure to mail such notice or any
            defect therein or in the mailing thereof shall not affect the

                                       12
<PAGE>

            validity of the corporate action required to be specified in such
            notice. Holders are entitled to convert Debentures during the 20-day
            period commencing the date of such notice to the effective date of
            the event triggering such notice.

                  viii) If, at any time while this Debenture is outstanding, (A)
            the Company effects any merger or consolidation of the Company with
            or into another Person, (B) the Company effects any sale of all or
            substantially all of its assets in one or a series of related
            transactions, (C) any tender offer or exchange offer (whether by the
            Company or another Person) is completed pursuant to which holders of
            Common Stock are permitted to tender or exchange their shares for
            other securities, cash or property, or (D) the Company effects any
            reclassification of the Common Stock or any compulsory share
            exchange pursuant to which the Common Stock is effectively converted
            into or exchanged for other securities, cash or property (in any
            such case, a "Fundamental Transaction"), then upon any subsequent
            conversion of this Debenture, the Holder shall have the right to
            receive, for each Underlying Share that would have been issuable
            upon such conversion absent such Fundamental Transaction, the same
            kind and amount of securities, cash or property as it would have
            been entitled to receive upon the occurrence of such Fundamental
            Transaction if it had been, immediately prior to such Fundamental
            Transaction, the holder of one share of Common Stock (the "Alternate
            Consideration"). For purposes of any such conversion, the
            determination of the Set Price shall be appropriately adjusted to
            apply to such Alternate Consideration based on the amount of
            Alternate Consideration issuable in respect of one share of Common
            Stock in such Fundamental Transaction, and the Company shall
            apportion the Set Price among the Alternate Consideration in a
            reasonable manner reflecting the relative value of any different
            components of the Alternate Consideration. If holders of Common
            Stock are given any choice as to the securities, cash or property to
            be received in a Fundamental Transaction, then the Holder shall be
            given the same choice as to the Alternate Consideration it receives
            upon any conversion of this Debenture following such Fundamental
            Transaction. To the extent necessary to effectuate the foregoing
            provisions, any successor to the Company or surviving entity in such
            Fundamental Transaction shall issue to the Holder a new debenture
            consistent with the foregoing provisions and evidencing the Holder's
            right to convert such debenture into Alternate Consideration. The
            terms of any agreement pursuant to which a Fundamental Transaction
            is effected shall include terms requiring any such successor or
            surviving entity to comply with the provisions of this paragraph (c)
            and insuring that this Debenture (or any such replacement security)
            will be similarly adjusted upon any subsequent transaction analogous
            to a Fundamental Transaction.

                  ix) Notwithstanding the foregoing, no adjustment will be made
            under this paragraph (c) in respect of an Exempt Issuances.

                                       13
<PAGE>

            (d) The Company covenants that it will at all times reserve and keep
      available out of its authorized and unissued shares of Common Stock solely
      for the purpose of issuance upon conversion of the Debentures and payment
      of interest on the Debenture, each as herein provided, free from
      preemptive rights or any other actual contingent purchase rights of
      persons other than the Holders, not less than such number of shares of the
      Common Stock as shall (subject to any additional requirements of the
      Company as to reservation of such shares set forth in the Purchase
      Agreement) be issuable (taking into account the adjustments and
      restrictions of Section 4(b)) upon the conversion of the outstanding
      principal amount of the Debentures and payment of interest hereunder. The
      Company covenants that all shares of Common Stock that shall be so
      issuable shall, upon issue, be duly and validly authorized, issued and
      fully paid, nonassessable and, if the Registration Statement is then
      effective under the Securities Act, registered for public sale in
      accordance with such Registration Statement.

            (e) Upon a conversion hereunder the Company shall not be required to
      issue stock certificates representing fractions of shares of the Common
      Stock, but may if otherwise permitted, make a cash payment in respect of
      any final fraction of a share based on the VWAP at such time. If the
      Company elects not, or is unable, to make such a cash payment, the Holder
      shall be entitled to receive, in lieu of the final fraction of a share,
      one whole share of Common Stock.

            (f) The issuance of certificates for shares of the Common Stock on
      conversion of the Debentures shall be made without charge to the Holders
      thereof for any documentary stamp or similar taxes that may be payable in
      respect of the issue 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 of
      such Debentures so converted 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.

            (g) Any and all notices or other communications or deliveries to be
      provided by the Holders hereunder, including, without limitation, any
      Notice of Conversion, shall be in writing and delivered personally, by
      facsimile, sent by a nationally recognized overnight courier service,
      addressed to the Company, at the address set forth above, facsimile number
      203.546.3427, Attn: Robert Appleby or such other address or facsimile
      number as the Company may specify for such purposes by notice to the
      Holders delivered in accordance with this Section. Any and all notices or
      other communications or deliveries to be provided by the Company hereunder
      shall be in writing and delivered personally, by facsimile, sent by a
      nationally recognized overnight courier service addressed to each Holder
      at the facsimile telephone number or address of such Holder appearing on
      the books of the Company, or if no such facsimile telephone number or
      address appears, at the principal place of business of the Holder. Any
      notice or other communication or deliveries hereunder

                                       14
<PAGE>

      shall be deemed given and effective on the earliest of (i) the date of
      transmission, if such notice or communication is delivered via facsimile
      at the facsimile telephone number specified in this Section prior to 5:30
      p.m. (New York City time), (ii) the date after the date of transmission,
      if such notice or communication is delivered via facsimile at the
      facsimile telephone number specified in this Section later than 5:30 p.m.
      (New York City time) on any date and earlier than 11:59 p.m. (New York
      City time) on such date, (iii) the second Business Day following the date
      of mailing, if sent by nationally recognized overnight courier service, or
      (iv) upon actual receipt by the party to whom such notice is required to
      be given.

      Section 5. Definitions. For the purposes hereof, in addition to the terms
defined elsewhere in this Debenture: (a) capitalized terms not otherwise defined
herein have the meanings given to such terms in the Purchase Agreement, and (b)
the following terms shall have the following meanings:

            "Business Day" means any day except Saturday, Sunday and any day
      which shall be a federal legal holiday in the United States or a day on
      which banking institutions in the State of New York are authorized or
      required by law or other government action to close.

            "Change of Control Transaction" means the occurrence after the date
      hereof of any of (i) an acquisition after the date hereof by an individual
      or legal entity or "group" (as described in Rule 13d-5(b)(1) promulgated
      under the Exchange Act) of effective control (whether through legal or
      beneficial ownership of capital stock of the Company, by contract or
      otherwise) of in excess of 33% of the voting securities of the Company, or
      (ii) a replacement at one time or within a three year period of more than
      one-half of the members of the Company's board of directors which is not
      approved by a majority of those individuals who are members of the board
      of directors on the date hereof (or by those individuals who are serving
      as members of the board of directors on any date whose nomination to the
      board of directors was approved by a majority of the members of the board
      of directors who are members on the date hereof), or (iii) the execution
      by the Company of an agreement to which the Company is a party or by which
      it is bound, providing for any of the events set forth above in (i) or
      (ii).

            "Commission" means the Securities and Exchange Commission.

            "Common Stock" means the common stock, $0.001 par value per share,
      of the Company and stock of any other class into which such shares may
      hereafter have been reclassified or changed.

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

            "Conversion Shares" means the shares of Common Stock issuable upon
      conversion of Debentures or as payment of interest in accordance with the
      terms hereof.

                                       15
<PAGE>

            "Equity Conditions" shall mean, during the period in question, (i)
      the Company shall have duly honored all conversions and redemptions
      scheduled to occur or occurring by virtue of one or more Conversion
      Notices, if any, (ii) all liquidated damages and other amounts owing in
      respect of the Debentures shall have been paid; (iii) there is an
      effective Registration Statement pursuant to which the Holder is permitted
      to utilize the prospectus thereunder to resell all of the shares issuable
      pursuant to the Transaction Documents (and the Company believes, in good
      faith, that such effectiveness will continue uninterrupted for the
      foreseeable future), (iv) the Common Stock is trading on the Trading
      Market and all of the shares issuable pursuant to the Transaction
      Documents are listed for trading on a Trading Market (and the Company
      believes, in good faith, that trading of the Common Stock on a Trading
      Market will continue uninterrupted for the foreseeable future), (v) there
      is a sufficient number of authorized but unissued and otherwise unreserved
      shares of Common Stock for the issuance of all of the shares issuable
      pursuant to the Transaction Documents, (vi) there is then existing no
      Event of Default or event which, with the passage of time or the giving of
      notice, would constitute and Event of Default and (vii) all of the shares
      issued or issuable pursuant to the transaction documents in full, ignoring
      for such purposes any conversion or exercise limitation therein, would not
      violate the limitation set forth in Section 4(a)(ii)(B) and (ix) no public
      announcement of a pending or proposed Fundamental Transaction or
      acquisition transaction has occurred that has not been consummated.

            "Exchange Act" means the Securities Exchange Act of 1934, as
      amended.

            "Interest Conversion Rate" means the lesser of (a) the Set Price and
      (b) 90% of the lesser of (i) the average of the 20 VWAPs immediately prior
      to the applicable Interest Payment Date or (ii) the average of the 20
      VWAPs immediately prior to the date the applicable interest payment shares
      are issued and delivered if after the Interest Payment Date.

            "Late Fees" shall have the meaning set forth in the second paragraph
      to this Debenture.

            "Mandatory Prepayment Amount" for any Debentures shall equal the sum
      of (i) the greater of: (A) 130% of the principal amount of Debentures to
      be prepaid, plus all accrued and unpaid interest thereon, or (B) the
      principal amount of Debentures to be prepaid, plus all other accrued and
      unpaid interest hereon, divided by the Set Price on (x) the date the
      Mandatory Prepayment Amount is demanded or otherwise due or (y) the date
      the Mandatory Prepayment Amount is paid in full, whichever is less,
      multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is
      demanded or otherwise due or (y) the date the Mandatory Prepayment Amount
      is paid in full, whichever is greater, and (ii) all other amounts, costs,
      expenses and liquidated damages due in respect of such Debentures.

                                       16
<PAGE>

            "Original Issue Date" shall mean the date of the first issuance of
      the Debentures regardless of the number of transfers of any Debenture and
      regardless of the number of instruments which may be issued to evidence
      such Debenture.

            "Person" means a corporation, an association, a partnership,
      organization, a business, an individual, a government or political
      subdivision thereof or a governmental agency.

            "Purchase Agreement" means the Securities Purchase Agreement, dated
      as of April __, 2004, to which the Company and the original Holder are
      parties, as amended, modified or supplemented from time to time in
      accordance with its terms.

            "Registration Rights Agreement" means the Registration Rights
      Agreement, dated as of the date of the Purchase Agreement, to which the
      Company and the original Holder are parties, as amended, modified or
      supplemented from time to time in accordance with its terms.

            "Registration Statement" means a registration statement meeting the
      requirements set forth in the Registration Rights Agreement, covering
      among other things the resale of the Conversion Shares and naming the
      Holder as a "selling stockholder" thereunder.

            "Securities Act" means the Securities Act of 1933, as amended, and
      the rules and regulations promulgated thereunder.

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

            "Trading Day" means (a) a day on which the shares of Common Stock
      are traded on a Trading Market on which the shares of Common Stock are
      then listed or quoted, or (b) if the shares of Common Stock are not quoted
      on a Trading Market, a day on which the shares of Common Stock are quoted
      in the over-the-counter market as reported by the National Quotation
      Bureau Incorporated (or any similar organization or agency succeeding its
      functions of reporting prices); provided, that in the event that the
      shares of Common Stock are not listed or quoted as set forth in (a), (b)
      and (c) hereof, then Trading Day shall mean a Business Day.

            "Transaction Documents" shall have the meaning set forth in the
      Purchase Agreement.

            "VWAP" means, for any date, the price determined by the first of the
      following clauses that applies: (a) if the Common Stock is then listed or
      quoted on a Trading Market, the daily volume weighted average price of the
      Common Stock for such date (or the nearest preceding date) on the Trading
      Market on which the Common Stock is then listed or quoted as reported by
      Bloomberg Financial L.P. (based on a trading day from 9:30 a.m. Eastern
      Time to 4:02 p.m. Eastern Time); (b) if the Common Stock is not then
      listed or quoted on a Trading Market and if prices for the Common Stock
      are then quoted on the OTC Bulletin Board, the volume weighted average
      price of the Common Stock for such date (or the nearest preceding date) on
      the OTC Bulletin Board; (c) if the Common Stock is not then listed or

                                       17
<PAGE>

      quoted on the OTC Bulletin Board and if prices for the Common Stock are
      then reported in the "Pink Sheets" published by the National Quotation
      Bureau Incorporated (or a similar organization or agency succeeding to its
      functions of reporting prices), the most recent bid price per share of the
      Common Stock so reported; or (d) in all other cases, the fair market value
      of a share of Common Stock as determined by an independent appraiser
      selected in good faith by the Purchasers and reasonably acceptable to the
      Company.

      Section 6. Reserved.

      Section 7. 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, interest and liquidated damages (if
any) on, this Debenture at the time, place, and rate, and in the coin or
currency, herein prescribed. This Debenture is a direct debt obligation of the
Company. This Debenture ranks pari passu with all other Debentures now or
hereafter issued under the terms set forth herein. As long as this Debenture is
outstanding, the Company shall not and shall cause it subsidiaries not to,
without the consent of the Holder, (a) amend its certificate of incorporation
(except to increase its authorized Common Stock), bylaws or other charter
documents so as to adversely affect any rights of the Holder; (b) repay,
repurchase or offer to repay, repurchase or otherwise acquire more than a de
minimis number of shares of its Common Stock or other equity securities other
than as to the Conversion Shares to the extent permitted or required under the
Transaction Documents or as otherwise permitted by the Transaction Documents; or
(c) enter into any agreement with respect to any of the foregoing.

      Section 8. 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 evidence of such loss, theft or destruction of such
Debenture, and of the ownership hereof, and indemnity, if requested, all
reasonably satisfactory to the Company.

      Section 9. So long as any portion of this Debenture is outstanding, the
Company will not and will not permit any of its subsidiaries to, directly or
indirectly, enter into, create, incur, assume or suffer to exist any
indebtedness or liens of any kind, on or with respect to any of its property or
assets now owned or hereafter acquired or any interest therein or any income or
profits therefrom that is senior to, or pari passu with, in any respect, the
Company's obligations under the Debentures without the prior consent of the
Holder.

      Section 10. All questions concerning the construction, validity,
enforcement and interpretation of 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. Each party

                                       18
<PAGE>

agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by any of the Transaction Documents
(whether brought against a party hereto or its respective affiliates, directors,
officers, shareholders, employees or agents) shall be commenced in the state and
federal courts sitting in the City of New York, Borough of Manhattan (the "New
York Courts"). Each party hereto hereby irrevocably submits to the exclusive
jurisdiction of the New York Courts for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein (including with respect to the enforcement of any of the
Transaction Documents), and hereby irrevocably waives, and agrees not to assert
in any suit, action or proceeding, any claim that it is not personally subject
to the jurisdiction of any such court, or such New York Courts are improper or
inconvenient venue for such proceeding. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such
suit, action or proceeding by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the
address in effect for notices to it under this Debenture and agrees that such
service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. Each party hereto hereby
irrevocably waives, to the fullest extent permitted by applicable law, any and
all right to trial by jury in any legal proceeding arising out of or relating to
this Debenture or the transactions contemplated hereby. If either party shall
commence an action or proceeding to enforce any provisions of this Debenture,
then the prevailing party in such action or proceeding shall be reimbursed by
the other party for its attorneys fees and other costs and expenses incurred
with the investigation, preparation and prosecution of such action or
proceeding.

      Section 11. 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. Any waiver
must be in writing.

      Section 12. If any provision of this Debenture is invalid, illegal or
unenforceable, the balance of this Debenture shall remain in effect, and if any
provision is inapplicable to any person or circumstance, it shall nevertheless
remain applicable to all other persons and circumstances. If it shall be found
that any interest or other amount deemed interest due hereunder violates
applicable laws governing usury, the applicable rate of interest due hereunder
shall automatically be lowered to equal the maximum permitted rate of interest.
The Company covenants (to the extent that it may lawfully do so) that it shall
not at any time insist upon, plead, or in any manner whatsoever claim or take
the benefit or advantage of, any stay, extension or usury law or other law which
would prohibit or forgive the Company from paying all or any portion of the
principal of or interest on this Debenture as contemplated herein, wherever
enacted, now or at any time hereafter in force, or which may affect the
covenants or the performance of this indenture, and the Company (to the extent
it may lawfully do so) hereby expressly waives all benefits or advantage of any

                                       19
<PAGE>

such law, and covenants that it will not, by resort to any such law, hinder,
delay or impeded the execution of any power herein granted to the Holder, but
will suffer and permit the execution of every such as though no such law has
been enacted.

      Section 13. 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
succeeding Business Day.

                              *********************

                                       20
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Convertible Debenture to
be duly executed by a duly authorized officer as of the date first above
indicated.

                                   TASKER CAPITAL CORP.

                                   By:_____________________________________
                                      Name:
                                      Title:

                                       21
<PAGE>

                                     ANNEX A

                              NOTICE OF CONVERSION

The undersigned hereby elects to convert principal under the 7% Convertible
Debenture of Tasker Capital Corp., a Nevada corporation (the "Company"), due on
April ____, 2007, into shares of common stock, $0.001 par value per share (the
"Common Stock"), of the Company according to the conditions hereof, as of the
date written below. If shares are to be issued in the name of a person other
than the 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. No fee will be
charged to the holder for any conversion, except for such transfer taxes, if
any.

The undersigned agrees to comply with the prospectus delivery requirements under
the applicable securities laws in connection with any transfer of the aforesaid
shares of Common Stock.

Conversion calculations:
                               Date to Effect Conversion:

                               Principal Amount of Debentures to be Converted:

                               Payment of Interest in Common Stock __ yes  __ no
                                      If yes, $_____ of Interest Accrued on
                                      Account of Conversion at Issue.

                               Number of shares of Common Stock to be issued:

                               Signature:

                               Name:

                               Address:

                                       22
<PAGE>

                                   Schedule 1

                               CONVERSION SCHEDULE

7% Convertible Debentures due on April _____, 2007, in the aggregate principal
amount of $____________ issued by Tasker Capital Corp. This Conversion Schedule
reflects conversions made under Section 4 of the above referenced Debenture.

                                     Dated:

--------------------------------------------------------------------------------
                                           Aggregate Principal
                                            Amount Remaining
                                             Subsequent to
 Date of Conversion                           Conversion
(or for first entry,         Amount          (or original
Original Issue Date)     of Conversion      Principal Amount)    Company Attest
--------------------------------------------------------------------------------

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

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

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

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

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

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

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

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                                       23SHAREHOLDERS RESIDING IN STATES IN WHICH THE OFFER IS NOT
                 QUALIFIED MAY NOT PARTICIPATE IN THIS OFFERING

                                                                     Exhibit 4.2

                             SUBSCRIPTION AGREEMENT
                                       For
                             Shares of Common Stock
                                       of
                              FIRST IPSWICH BANCORP

TO:   First Ipswich Bancorp                                         [STICKER]
      31 Market Street
      Ipswich, MA  01938

Subscription Rights

      Subscriber is eligible to subscribe for the number of shares shown on the
sticker attached to this form above (the "Basic Shares") and ________ shares if
there is an oversubscription.

      The undersigned hereby subscribes for the following shares of Common Stock
of First Ipswich Bancorp upon the terms specified in the Prospectus for the
Subscription Rights.

1.    BASIC SUBSCRIPTION RIGHTS (Subject to a limitation of number of Basic
      Shares shown above)

        Shares                      Subscription
      Subscribed                        Price                          Payment

      _________________      x         $13.00           =            $__________

2.    OVERSUBSCRIPTION- MUST HAVE SUBSCRIBED FOR ALL BASIC SHARES

        Shares                      Subscription
      Subscribed                        Price                          Payment

      _________________      x         $13.00           =            $__________

                                          TOTAL PAYMENT ENCLOSED     $__________

      (Total, payable to First Ipswich Bancorp, must accompany Subscription
Agreement)

      The undersigned understands that this subscription shall be irrevocable.

Dated:                        , 2004           _________________________________
                                                    Subscriber's Signature

Subscriber's Telephone Number ________________________
Subscriber's State of Primary Residence ____________________

FULL INSTRUCTIONS CAN BE FOUND ON PAGES 17-19 OF THE PROSPECTUS.

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