Document:

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                                  Exhibit 4.10

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE ACT) OR ANY OTHER STATE SECURITIES LAWS. THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED PURSUANT TO AN INVESTMENT
REPRESENTATION ON THE PART OF THE HOLDER HEREOF AND SHALL NOT BE SOLD, PLEDGED,
HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED, WHETHER OR NOT FOR
CONSIDERATION, BY THE HOLDER IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES AND/OR INVESTOR
PROTECTION LAWS OR THE ISSUANCE TO BORROWER OF A FAVORABLE OPINION OF COUNSEL OR
THE SUBMISSION TO BORROWER OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO SUCH
COUNSEL, IN EITHER CASE TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER
THE ACT AND THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE ACT AND
APPLICABLE STATE SECURITIES LAWS.

                                 SURGILIGHT INC.

                              CONVERTIBLE DEBENTURE

HOLDER: Knobbe, Martens, Olson & Bear, LLP DEBENTURE NO.:

Address: 620 Newport Center Drive
Sixteenth Floor
Newport Beach, CA 92660

PRINCIPAL AMOUNT OF DEBENTURE: $610,000

FOR VALUE RECEIVED, SURGILIGHT INC., a Florida corporation (hereinafter called
Borrower), hereby promises to pay to the Holder, or order, the principal sum of
Six Hundred and Ten Thousand Dollars ($610,000) (Principal) on the Maturity Date
(as defined herein). All unpaid Principal together with all other amounts due
hereunder shall become due and payable on December 31, 2002 (Maturity Date).

All amounts due hereunder are payable in lawful money of the United States of
America at the address of the Holder as set forth above.

                                   ARTICLE ONE
                                   PREPAYMENT

1.1 Prepayment. At any time after the date of this Debenture, Borrower, at its
option, without penalty or premium, may prepay all or any part of the Principal
amount then outstanding by sending notice of such prepayment together with such
prepayment to the Holder at the address set forth at the beginning of this
Debenture. Prepayments need not be made pro rata among holders of debentures.

                                   ARTICLE TWO
                         CONVERSION AND PURCHASE RIGHTS

2.1 Conversion Right.

(a) Conversion Right and Procedure. The Holder of this Debenture shall have the
right from the date hereof and at any time prior to the Maturity Date, by giving
Borrower proper notice of intent to convert as provided herein, the amounts then
outstanding and owed to the Holder pursuant to this Debenture up to the maximum

<PAGE>

allowed using the conversion rate set forth in this Section 2.1 into fully paid
and nonassessable shares of common stock of Borrower, per value $.0001 par share
(Common Stock). Surrender of this Debenture and notice of Holder's intention to
convert must be delivered to Borrower at least thirty (30) days prior to the
applicable conversion date. Upon the surrender of this Debenture, accompanied by
such Holder's written request for conversion, Borrower, within thirty (30) days
of receipt of Holder's notice of conversion pursuant to this Article Two, shall
and issue and deliver to Holder certificates evidencing such shares of Common
Stock as hereinafter set forth. If a portion of this Debenture is converted,
Borrower shall deliver to the Holder a certificate for the proper number of
shares of Common Stock for the portion converted and a new Debenture in the form
hereof for the balance of the Principal amount hereof. Upon transfer of this
Debenture, the then-unexercised conversion or purchase right set forth in this
Article Two shall inure to the transferee(s) in proportion to their respective
interests, or as Holder shall allocate said conversion or purchase right.

(b) Conversion Rate. Subject to adjustment as provided in Section 2.2 hereof,
Holder shall be entitled to convert, effective upon on liquidation, of up to the
entire sum of the indebtedness represented by this Debenture into shares of
Capital Stock (Conversion Shares) at a conversion rate per share equal to the
average of the closing bid prices of the Borrower's Common Stock quoted on the
NASDAQ Over-The Counter Bulletin Board, or such other national exchange or
trading system as the Borrower's Common Stock is then trading, for the ten (10)
consecutive trading days immediately prior to the date of notice of conversion
(Conversion Rate). Holder's liquidation of issued and delivered Conversion
Shares will reduce the account payable in the amount of liquidation. The account
payable remains for the amount not satisfied by any liquidation.

(c) Overpayment. Holder agrees to repay any amounts overpaid on Borrower's
account payable to Borrower within 15 days of any sale of the Conversion Shares.

2.2 Cash Distributions. No adjustment on account of cash dividends or interest
on Common Stock or other securities purchasable hereunder will be made to the
Conversion Rate.

2.3 Fractional Shares. No fractional shares of Common Stock will be issued in
connection with any conversion or purchase hereunder. In lieu of such fractional
shares, Borrower shall make a cash payment therefore upon the basis of the
Conversion Rate then in effect.

2.4 Authorized Shares. Borrower covenants that, during the period the conversion
or purchase right exists, Borrower will reserve from its authorized and unissued
Common Stock a sufficient number of shares to provide for the issuance of Common
Stock upon the conversion of this Debenture. Borrower agrees that its issuance
of this Debenture shall constitute full authority to its officers who are
charged with the duty of executing stock certificates to execute and issue the
necessary certificates for shares of Common Stock upon the conversion of this
Debenture or purchase of shares pursuant hereto.

2.5 Purchase Right. Notwithstanding any partial payment of the Principal of this
Debenture, the conversion right or right to purchase securities as set forth in
this Article Two shall continue with respect to such unpaid Principal, adjusted
as provided in this Article Two, until the Maturity Date.

2.6 Effect of Conversion. Upon any conversion of this Debenture under this
Article Two, such conversion shall be deemed to have been effected immediately
prior to the close of business on the effective date of such conversion, and the
person or persons in whose name or names the certificates for shares of Common
Stock shall be issuable upon such conversion shall become the holder or holders
of record of such Common Stock at that time and date. The certificates for the
Common Stock so purchased shall be delivered to Holder within a reasonable time,
not exceeding ten (10) business days, after the effective date of conversion,
and shall bear a legend substantially similar to the following restrictive
legend:

This security has not been registered under the Securities Act of 1933 and may
not be sold or offered for sale unless registered under said Act and any
applicable state securities laws or unless the Company has received an opinion

<PAGE>

of counsel satisfactory to the Company that such registration is not required.

2.7 Resale Restrictions. At such time as the Conversion Shares have been
registered and became eligible for resale in the public markets, on any trading
day, Holder may not sell more than fifteen percent (15%) of the previous day's
trading volume, except pursuant to a prior written consent of Borrower. These
restrictions are to insure an orderly liquidation of the Conversion Shares so as
not to unduly affect the overall market for the Common Stock.

                                  ARTICLE THREE
                                EVENTS OF DEFAULT

The occurrence of any of the following events of default shall, at the option of
the Holder hereof, make all sums of Principal then remaining unpaid hereon and
all other amounts payable hereunder immediately due and payable, all without
demand, presentment, or notice, all of which hereby are expressly waived:

3.1 Insolvency; Receiver or Trustee. Borrower shall become insolvent or admit in
writing its inability to pay its debts as they mature; or make an assignment for
the benefit of creditors; or apply for or consent to the appointment of a
receiver or trustee for it or for a substantial part of its property or
business; or such a receiver or trustee otherwise shall be appointed.

3.2 Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against Borrower and which
shall not have been dismissed within ninety (90) days after institute

                                  ARTICLE FOUR
                            NO SECURITY FOR DEBENTURE

This Debenture represents an unsecured debt obligation of Borrower.

                                  ARTICLE FIVE
                                    TRANSFER

5.1 Assignment. This Debenture and the debt obligation represented hereby may be
transferred, sold, assigned or hypothecated only pursuant to a valid and
effective registration statement or if the Borrower has received from its
counsel a written opinion to the effect that registration of Debenture is not
necessary in connection with such transfer, sale, assignment or hypothecation.
Any such assignment shall be effected by Holder by (i) executing the form of
assignment attached hereto; (ii) surrendering the Debenture for cancellation at
the office or agency of the Borrower, accompanied by the opinion of counsel
referred to above; and (iii) delivery to the Borrower of a statement by the
transferee Holder (in a form acceptable to the Borrower and its counsel) that
Debenture is being acquired by such Holder for investment and not with a view to
its distribution or resale; whereupon the Borrower shall issue, in the name or
names specified by Holder (including Holder), new Debentures representing in the
aggregate debt as is evidenced by this Debenture. The term Holder shall be
deemed to include any person to whom this Debenture is transferred in accordance
with the terms herein. The new Debenture issued upon assignment of this
Debenture shall be subject to the provisions of this Debenture and the
Subscription Agreement.

5.2 Register. The Borrower shall maintain a register for the recordation of
transfers of this Debenture, which shall be transferable in whole or in part.
Upon presentation by the Holder and surrender of this Debenture, the Borrower
shall register such transfer and issue a new Debenture or Debentures of like
aggregate principal amount and bearing the same date.

5.3 Lost of Destroyed Debentures. Upon receipt by the Borrower at its principal

<PAGE>

office of evidence satisfactory to the Borrower of the loss, theft, destruction,
or mutilation of this Debenture, and in the case of any such loss, theft, or
destruction, upon delivery of indemnity satisfactory to the Borrower or, in case
of any such mutilation, upon surrender and cancellation of this Debenture, the
Borrower will issue a new Debenture of like tenor in lieu of this Debenture. The
Holder will pay Borrower's cost to replace such Debenture.

                                   ARTICLE SIX
                               REGISTRATION RIGHTS

Borrower shall use its best efforts to file with the Securities and Exchange
Commission (SEC) and have declared effective no later than May 31, 2002 one or
more registration statements under the Securities Act of 1933, as amended (the
Act), on Form SB-2 or such other form as is permitted for registration of the
Conversion Shares. Borrower will give written notice by registered mail at least
twenty (20) days prior to the filing of each such registration statement to each
holders of record of the Debentures and the Conversion Shares, of its intention
to do so. Upon the written request of any holder of the Debentures or the
Conversion Shares given within ten (10) days after receipt of any such notice of
its or their desire to include any such Conversion Shares in such proposed
registration statement, Borrower shall afford such holders the opportunity to
have any such Conversion Shares registered under such registration statement.
Borrower also agrees to use its best efforts to cause the above filing to remain
effective for no less than twelve (12) months from its effective date. The
registration rights described in this Article Six shall terminate at such time
as the Conversion Shares are saleable in one or more transactions pursuant to
Rule 144(k) of the Act.

Borrower may require each selling holder to promptly furnish in writing to
Borrower such information regarding the distribution of the Conversion Shares by
such selling holder as Borrower may from time to time reasonably request and
such other information as may be legally required in connection with such
registration including, without limitation, an such information as may be
requested by the SEC or the National Association of Security Dealers, Inc.
Borrower shall have the right to exclude from such registration any holder who
fails to provide such information.

                                  ARTICLE SEVEN
                                  MISCELLANEOUS

7.1. No Stockholder Rights. This Debenture shall not entitle Holder to any
voting rights or other rights as a shareholder of the Borrower.

7.2. Representations.

(a) Holder represents that it has reviewed all SEC public filings by Borrower
and is familiar with the business and financial condition of Borrower. Further,
Holder understands and acknowledges that until a registration statement with
respect to the Conversion Shares becomes effective, the Conversion Shares will
be deemed restricted shares not eligible for public resale except pursuant to
Rule 144 of the Securities Act. Holder acknowledges that Borrower has made no
representations or warranties regarding its financial condition other than as
disclosed in its public SEC filings, and that Holder is not relying on any
information about Borrower except information disclosed in Borrower's public SEC
filings.

(b) Borrower represents that the Conversion Shares, when issued to Holder, will
be deemed fully paid and nonassessable. Borrower makes no representations with
respect to the effective date of any registration statement or the date when the
Conversion Shares will be eligible for public resale.

7.3 Failure or Indulgence Not Waiver. No failure or delay on the part of Holder
hereof in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other

<PAGE>

right, power or privilege. All rights and remedies existing hereunder are
cumulative to, and not exclusive of, any rights or remedies otherwise available.

7.4 Notices. All notices, requests, demands, and other communications under this
Debenture shall be in writing and shall be deemed to have been duly given on the
date of service. Notices may be served (i) personally on the party to whom
notice is to be given, (ii) by first class mail, registered or certified,
postage prepaid, or (iii) by overnight express courier (such as Federal
Express), and properly addressed as set forth at the beginning of this
Debenture.

7.5 Definition. The term Debenture or this Debenture and all reference thereto,
as used throughout this instrument, shall mean this instrument as originally
executed or if later amended or supplemented, then, as so amended or
supplemented.

7.6 Assignability. This Debenture shall be binding upon Borrower, its successors
and assigns, and shall inure to the benefit of Holder, its successors and
permitted assigns.

7.7 Litigation Expenses. In the event any litigation or arbitration arises out
of or in connection with this Agreement, the prevailing party in such litigation
or arbitration shall receive from the other party all of its court costs and
legal expenses, including reasonable attorneys' fees, incurred in any such
litigation or arbitration, including those associated with appellate, and
post-judgment collection proceedings.

7.8 Governing Law. This Debenture has been executed in and shall be governed by
the laws of the State of Florida, without regard to Florida's choice of law
provisions. Venue for any proceeding shall be in Orange County, Florida.

IN WITNESS WHEREOF, Borrower has caused this Debenture to be signed in its name
by its duly authorized officer and its corporate seal to be affixed hereto.

Dated:                 , 2002
       ----------------

                                            SURGILIGHT INC.

                                            By:
                                               --------------------------------
                                            Name:
                                                 ------------------------------
                                            Title:
                                                  -----------------------------

                                  PURCHASE FORM

                (To be signed only upon conversion of Debenture)

The undersigned, the Holder of the foregoing Debenture, hereby irrevocably
elects to exercise the conversion and purchase rights represented by such
Debenture and applies $ of principal represented by such Debenture to the

<PAGE>

purchase of _______ shares of Common Stock of SurgiLight Inc., a Florida
corporation, at the Conversion Rate of $_____ per share, and requests that the
certificates for shares of Common Stock be issued in the name(s) of, and
delivered to _____________ whose address(es) is/are______________________.

Dated:
-----
                                     Address

                                  TRANSFER FORM

                 (To be signed only upon transfer of Debenture)

For value received, the undersigned hereby sells, assigns, and transfers unto
________________all rights to purchase shares of Common Stock represented by
____________________ principal amount of the Debenture, and
appoints________________________________attorney, to transfer such rights on the
books of______________________ with full power of substitution in the premises.

Dated:
-----
                                     Holder

                                     Address

<PAGE><PAGE>

Exhibit 4.11

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE ACT) OR ANY OTHER STATE SECURITIES LAWS. THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED PURSUANT TO AN INVESTMENT
REPRESENTATION ON THE PART OF THE HOLDER HEREOF AND SHALL NOT BE SOLD, PLEDGED,
HYPOTHECATED, DONATED, OR OTHERWISE TRANSFERRED, WHETHER OR NOT FOR
CONSIDERATION, BY THE HOLDER IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT AND ALL APPLICABLE STATE SECURITIES AND/OR INVESTOR
PROTECTION LAWS OR THE ISSUANCE TO BORROWER OF A FAVORABLE OPINION OF COUNSEL OR
THE SUBMISSION TO BORROWER OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO SUCH
COUNSEL, IN EITHER CASE TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED UNDER
THE ACT AND THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE ACT AND
APPLICABLE STATE SECURITIES LAWS.

                                 SURGILIGHT INC.

                              CONVERTIBLE DEBENTURE

HOLDER: GAM Laser, Inc. DEBENTURE NO.:

Address:
-------

PRINCIPAL AMOUNT OF DEBENTURE: $75,000

FOR VALUE RECEIVED, SURGILIGHT INC., a Florida corporation (hereinafter called
Borrower), hereby promises to pay to the Holder, or order, the principal sum of
Seventy Five Thousand Dollars ($75,000) (Principal) on the Maturity Date (as
defined herein). All unpaid Principal together with all other amounts due

<PAGE>

hereunder shall become due and payable on December 31, 2002 (Maturity Date).

All amounts due hereunder are payable in lawful money of the United States of
America at the address of the Holder as set forth above.

                                   ARTICLE ONE
                                   PREPAYMENT

1.1 Prepayment. At any time after the date of this Debenture, Borrower, at its
option, without penalty or premium, may prepay all or any part of the Principal
amount then outstanding by sending notice of such prepayment together with such
prepayment to the Holder at the address set forth at the beginning of this
Debenture. Prepayments need not be made pro rata among holders of debentures.

                                   ARTICLE TWO
                         CONVERSION AND PURCHASE RIGHTS

2.1 Conversion Right.

(a) Conversion Right and Procedure. The Holder of this Debenture shall have the
right from the date hereof and at any time prior to the Maturity Date, by giving
Borrower proper notice of intent to convert as provided herein, the amounts then
outstanding and owed to the Holder pursuant to this Debenture up to the maximum
allowed using the conversion rate set forth in this Section 2.1 into fully paid
and nonassessable shares of common stock of Borrower, per value $.0001 par share
(Common Stock). Surrender of this Debenture and notice of

Holder's intention to convert must be delivered to Borrower at least thirty (30)
days prior to the applicable conversion date. Upon the surrender of this
Debenture, accompanied by such Holder's written request for conversion,
Borrower, within thirty (30) days of receipt of Holder's notice of conversion
pursuant to this Article Two, shall and issue and deliver to Holder certificates
evidencing such shares of Common Stock as hereinafter set forth. If a portion of
this Debenture is converted, Borrower shall deliver to the Holder a certificate
for the proper number of shares of Common Stock for the portion converted and a
new Debenture in the form hereof for the balance of the Principal amount hereof.
Upon transfer of this Debenture, the then-unexercised conversion or purchase
right set forth in this Article Two shall inure to the transferee(s) in
proportion to their respective interests, or as Holder shall allocate said
conversion or purchase right.

(b) Conversion Rate. Subject to adjustment as provided in Section 2.2 hereof,
Holder shall be entitled to convert the entire sum of the indebtedness
represented by this Debenture into shares of Capital Stock (Conversion Shares)
at a conversion rate per share equal to the average of the closing bid prices of
the Borrower's Common Stock quoted on the NASDAQ Over-The Counter Bulletin
Board, or such other national exchange or trading system as the Borrower's
Common Stock is then trading, for the ten (10) consecutive trading days
immediately prior to the date of notice of conversion (Conversion Rate). Upon
Borrower's issue and delivery of the Conversion Shares to Holder, the account
payable to Holder will be deemed satisfied and paid in full.

2.2 Cash Distributions. No adjustment on account of cash dividends or interest
on Common Stock or other securities purchasable hereunder will be made to the
Conversion Rate.

2.3 Fractional Shares. No fractional shares of Common Stock will be issued in
connection with any conversion or purchase hereunder. In lieu of such fractional
shares, Borrower shall make a cash payment therefore upon the basis of the
Conversion Rate then in effect.

2.4 Authorized Shares. Borrower covenants that, during the period the conversion
or purchase right exists, Borrower will reserve from its authorized and unissued
Common Stock a sufficient number of shares to provide for the issuance of Common
Stock upon the conversion of this Debenture. Borrower agrees that its issuance

<PAGE>

of this Debenture shall constitute full authority to its officers who are
charged with the duty of executing stock certificates to execute and issue the
necessary certificates for shares of Common Stock upon the conversion of this
Debenture or purchase of shares pursuant hereto.

2.5 Purchase Right. Notwithstanding any partial payment of the Principal of this
Debenture, the conversion right or right to purchase securities as set forth in
this Article Two shall continue with respect to such unpaid Principal, adjusted
as provided in this Article Two, until the Maturity Date.

2.6 Effect of Conversion. Upon any conversion of this Debenture under this
Article Two, such conversion shall be deemed to have been effected immediately
prior to the close of business on the effective date of such conversion, and the
person or persons in whose name or names the certificates for shares of Common
Stock shall be issuable upon such conversion shall become the holder or holders
of record of such Common Stock at that time and date. The certificates for the
Common Stock so purchased shall be delivered to Holder within a reasonable time,
not exceeding ten (10) business days, after the effective date of conversion,
and shall bear a legend substantially similar to the following restrictive
legend:

This security has not been registered under the Securities Act of 1933 and may
not be sold or offered for sale unless registered under said Act and any
applicable state securities laws or unless the Company has received an opinion
of counsel satisfactory to the Company that such registration is not required.

2.7 Resale Restrictions. At such time as the Conversion Shares have been
registered and became eligible for resale in the public markets, Holder may not
sell more than one third (1/3) of the total number of the Conversion Shares
during each 30-day period following the effective date of the registration
statement. Further, on any trading day, Holder may not sell more than fifteen

percent (15%) of the previous day's trading volume, except pursuant to a prior
written consent of Borrower. These restrictions are to insure an orderly
liquidation of the Conversion Shares so as not to unduly affect the overall
market for the Common Stock.

                                  ARTICLE THREE
                                EVENTS OF DEFAULT

The occurrence of any of the following events of default shall, at the option of
the Holder hereof, make all sums of Principal then remaining unpaid hereon and
all other amounts payable hereunder immediately due and payable, all without
demand, presentment, or notice, all of which hereby are expressly waived:

3.1 Insolvency; Receiver or Trustee. Borrower shall become insolvent or admit in
writing its inability to pay its debts as they mature; or make an assignment for
the benefit of creditors; or apply for or consent to the appointment of a
receiver or trustee for it or for a substantial part of its property or
business; or such a receiver or trustee otherwise shall be appointed.

3.2 Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against Borrower and which
shall not have been dismissed within ninety (90) days after institute

                                  ARTICLE FOUR
                            NO SECURITY FOR DEBENTURE

This Debenture represents an unsecured debt obligation of Borrower.

                                  ARTICLE FIVE
                                    TRANSFER

<PAGE>

5.1 Assignment. This Debenture and the debt obligation represented hereby may be
transferred, sold, assigned or hypothecated only pursuant to a valid and
effective registration statement or if the Borrower has received from its
counsel a written opinion to the effect that registration of Debenture is not
necessary in connection with such transfer, sale, assignment or hypothecation.
Any such assignment shall be effected by Holder by (i) executing the form of
assignment attached hereto; (ii) surrendering the Debenture for cancellation at
the office or agency of the Borrower, accompanied by the opinion of counsel
referred to above; and (iii) delivery to the Borrower of a statement by the
transferee Holder (in a form acceptable to the Borrower and its counsel) that
Debenture is being acquired by such Holder for investment and not with a view to
its distribution or resale; whereupon the Borrower shall issue, in the name or
names specified by Holder (including Holder), new Debentures representing in the
aggregate debt as is evidenced by this Debenture. The term Holder shall be
deemed to include any person to whom this Debenture is transferred in accordance
with the terms herein. The new Debenture issued upon assignment of this
Debenture shall be subject to the provisions of this Debenture and the
Subscription Agreement.

5.2 Register. The Borrower shall maintain a register for the recordation of
transfers of this Debenture, which shall be transferable in whole or in part.
Upon presentation by the Holder and surrender of this Debenture, the Borrower
shall register such transfer and issue a new Debenture or Debentures of like
aggregate principal amount and bearing the same date.

5.3 Lost of Destroyed Debentures. Upon receipt by the Borrower at its principal
office of evidence satisfactory to the Borrower of the loss, theft, destruction,
or mutilation of this Debenture, and in the case of any such loss, theft, or
destruction, upon delivery of indemnity satisfactory to the Borrower or, in case
of any such mutilation, upon surrender and cancellation of this Debenture, the
Borrower will issue a new Debenture of like tenor in lieu of this Debenture. The
Holder will pay Borrower's cost to replace such Debenture.

                                   ARTICLE SIX
                               REGISTRATION RIGHTS

Borrower shall use its best efforts to file with the Securities and Exchange
Commission (SEC) and have declared effective no later than May 31, 2002 one or
more registration statements under the Securities Act of 1933, as amended (the
Act), on Form SB-2 or such other form as is permitted for registration of the
Conversion Shares. Borrower will give written notice by registered mail at least
twenty (20) days prior to the filing of each such registration statement to each
holders of record of the Debentures and the Conversion Shares, of its intention
to do so. Upon the written request of any holder of the Debentures or the
Conversion Shares given within ten (10) days after receipt of any such notice of
its or their desire to include any such Conversion Shares in such proposed
registration statement, Borrower shall afford such holders the opportunity to
have any such Conversion Shares registered under such registration statement.
Borrower also agrees to use its best efforts to cause the above filing to remain
effective for no less than twelve (12) months from its effective date. The
registration rights described in this Article Six shall terminate at such time
as the Conversion Shares are saleable in one or more transactions pursuant to
Rule 144(k) of the Act.

Borrower may require each selling holder to promptly furnish in writing to
Borrower such information regarding the distribution of the Conversion Shares by
such selling holder as Borrower may from time to time reasonably request and
such other information as may be legally required in connection with such
registration including, without limitation, an such information as may be
requested by the SEC or the National Association of Security Dealers, Inc.
Borrower shall have the right to exclude from such registration any holder who
fails to provide such information.

                                  ARTICLE SEVEN
                                  MISCELLANEOUS

<PAGE>

7.1. No Stockholder Rights. This Debenture shall not entitle Holder to any
voting rights or other rights as a shareholder of the Borrower.

7.2. Representations.

(a) Holder represents that it has reviewed all SEC public filings by Borrower
and is familiar with the business and financial condition of Borrower. Further,
Holder understands and acknowledges that until a registration statement with
respect to the Conversion Shares becomes effective, the Conversion Shares will
be deemed restricted shares not eligible for public resale except pursuant to
Rule 144 of the Securities Act. Holder acknowledges that Borrower has made no
representations or warranties regarding its financial condition other than as
disclosed in its public SEC filings, and that Holder is not relying on any
information about Borrower except information disclosed in Borrower's public SEC
filings.

(b) Borrower represents that the Conversion Shares, when issued to Holder, will
be deemed fully paid and nonassessable. Borrower makes no representations with
respect to the effective date of any registration statement or the date when the
Conversion Shares will be eligible for public resale.

7.3 Failure or Indulgence Not Waiver. No failure or delay on the part of Holder
hereof in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other
right, power or privilege. All rights and remedies existing hereunder are
cumulative to, and not exclusive of, any rights or remedies otherwise available.

7.4 Notices. All notices, requests, demands, and other communications under this
Debenture shall be in writing and shall be deemed to have been duly given on the
date of service. Notices may be served (i) personally on the party to

whom notice is to be given, (ii) by first class mail, registered or certified,
postage prepaid, or (iii) by overnight express courier (such as Federal
Express), and properly addressed as set forth at the beginning of this
Debenture.

7.5 Definition. The term Debenture or this Debenture and all reference thereto,
as used throughout this instrument, shall mean this instrument as originally
executed or if later amended or supplemented, then, as so amended or
supplemented.

7.6 Assignability. This Debenture shall be binding upon Borrower, its successors
and assigns, and shall inure to the benefit of Holder, its successors and
permitted assigns.

7.7 Litigation Expenses. In the event any litigation or arbitration arises out
of or in connection with this Agreement, the prevailing party in such litigation
or arbitration shall receive from the other party all of its court costs and
legal expenses, including reasonable attorneys' fees, incurred in any such
litigation or arbitration, including those associated with appellate, and
post-judgment collection proceedings.

7.8 Governing Law. This Debenture has been executed in and shall be governed by
the laws of the State of Florida, without regard to Florida's choice of law
provisions. Venue for any proceeding shall be in Orange County, Florida.

IN WITNESS WHEREOF, Borrower has caused this Debenture to be signed in its name
by its duly authorized officer and its corporate seal to be affixed hereto.

Dated:                  , 2002
       -----------------

<PAGE>

                                            SURGILIGHT INC.

                                            By:
                                               --------------------------------
                                            Name:
                                                 ------------------------------
                                            Title:
                                                  -----------------------------

                                  PURCHASE FORM

                (To be signed only upon conversion of Debenture)

The undersigned, the Holder of the foregoing Debenture, hereby irrevocably
elects to exercise the conversion and purchase rights represented by such
Debenture and applies $____________ of principal represented by such Debenture
to the purchase of _______ shares of Common Stock of SurgiLight Inc., a Florida
corporation, at the Conversion Rate of $_____ per share, and requests that the
certificates for shares of Common Stock be issued in the name(s) of, and
delivered to _____________ whose address(es) is/are__________________________.

Dated:
------
                                     Address

                                  TRANSFER FORM

                 (To be signed only upon transfer of Debenture)

For value received, the undersigned hereby sells, assigns, and transfers
unto__________________ all rights to purchase shares of Common Stock represented
by ____________________ principal amount of the Debenture, and
appoints____________ attorney, to transfer such rights on the books
of_____________________ with full power of substitution in the premises.

Dated:
------
                                     Holder

                                     Address

<PAGE>

<PAGE>

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