Amendment to Convertible Debentures between Laserscope and Renaissance Capital Growth and Income III & Renaissance U.S. Growth Investment Trust PLC

Summary

This amendment, dated October 6, 2003, modifies the terms of the Convertible Debentures issued by Laserscope to Renaissance Capital Growth and Income III and Renaissance U.S. Growth Investment Trust PLC on February 11, 2000. Laserscope is not required to make principal payments until the debentures expire on February 11, 2007, unless the Funds request otherwise. The Funds may direct Laserscope to resume monthly principal payments with at least 45 days' notice. All other terms remain unchanged.

EX-10.2 4 f94427exv10w2.txt EXHIBIT 10.2 Exhibit 10.2 October 6, 2003 Mr. Eric M. Reuter, CEO Laserscope 3070 Orchard Drive San Jose, CA 95134 AMENDMENT TO THE CONVERTIBLE DEBENTURES OF FEBRUARY 11, 2000 Dear Mr. Reuter: Renaissance Capital Growth and Income III and Renaissance U.S. Growth Investment Trust PLC (The "Funds") hereby agree to modify the Convertible Debentures dated February 11, 2000 as follows. Laserscope will not be required to make any principal payments until expiration of the debentures on February 11, 2007, and principal payments will only be made at that time if there is a balance of principal which has not been converted to common stock. However, not withstanding the foregoing, the Funds may, at their sole discretion, direct Laserscope to resume making monthly principal payments at any time prior to expiration and in an amount sufficient to bring payments made plus conversions to the level specified in the Debenture as of the date of expiration. Such direction would be made in writing and in no less than 45 days prior to commencement of principal payments. All other terms of the agreement are unchanged. Please sign below and return to indicate concurrence and return to my attention at Renaissance. Regards, /s/ Robert C. Pearson ----------------------------------------- Robert C. Pearson - Senior Vice President Agreed and accepted by: /s/ Eric M. Reuter - ----------------------------------- Eric M. Reuter President and Chief Executive Officer Laserscope, Inc.