X0202 4 2008-05-14 0 0000811240 BIOLASE TECHNOLOGY INC BLTI 0001220021 LAIRD NEIL J 4 CROMWELL IRVINE CA 92618 1 0 0 0 Stock Option (right to buy) 3.03 2008-05-14 4 A 0 15000 0.00 A 2018-05-14 Common Stock 15000 15000 D Each automatic option is immediately exercisable for all of the option shares. However, any shares purchased under such option are subject to repurchase by the Issuer, at the lower of the exercise price paid per share or the fair market value per share (determined at the time of repurchase), should the Reporting Person cease Board service prior to vesting of those shares. The shares vest, and the Company's right of repurchase lapses, in four successive quarterly installments upon the Reporting Person's completion of each quarter of service as a non-employee director measured from the grant date. The shares subject to the option grant will immediately vest in full if certain changes in control or ownership occur or if the Reporting Person dies or becomes disabled while serving as a director. /s/ Fred Capallo, Attorney-in-Fact for Neil J. Laird 2008-05-15