NOFIRE TECHNOLOGIES, INC.
8% CONVERTIBLE BOND
DUE  February 17, 2005


 No. 12

$100,000



NoFire Technologies, Inc., with principal offices at 21 Industrial Avenue,
 Upper Saddle River, New Jersey  07458, U.S.A., a corporation organized and
 existing under the laws of the State of Delaware (hereafter called the
"Corporation"), for value received, hereby promises to pay Carole Salkind
(the "Holder"), the principal sum of One Hundred Thousand, ($100,000)
Dollars February  17, 2005 (the "Maturity Date") and to pay interest thereon
on the Maturity Date at the rate of eight (8%) percent per annum, computed
on a simple interest basis; if repayment is late, the interest is computed
at the rate of  13% per annum plus a 10% default penalty.

 1. Conversion.	The Holder of this Bond is entitled, at his option, at any
time on or before the close of business on February 17, 2005  to convert this
 Bond at the principal amount hereof plus any interest accrued into fully
 paid and non assessable shares (calculated as to each conversion to the
 nearest share) of the common stock, twenty (.20 ) cent par value, of the
Corporation (the "Common Stock") at the rate of one (1) share of Common
 Stock for each $0.14 Dollar principal amount plus accrued interest
outstanding by surrender of this Bond accompanied by written notice in the
form attached hereto as Exhibit "A", to the Corporation that the Holder elects
 to convert this Bond or, if less than the entire amount is to be converted,
the portion hereof to be converted.


2.
Adjustment of Conversion Rate.
The conversion rate shall be subject to adjustment as calculated by the
 Corporation if the Corporation shall (i) pay a dividend on Common Stock
in Common Stock, (ii) subdivide or split its outstanding shares of Common
Stock, or (iii) combine its outstanding shares of Common Stock into a smaller
 number of shares. Whenever a conversion rate is adjusted under this Bond,
 the Corporation shall promptly notify the Holder of the Bond setting forth
the conversion rate after such adjustment and setting forth a brief statement
of the facts requiring such adjustment.


 3. Covenant to Reserve Shares for Conversion.   The Corporation covenants
 that it shall at all times reserve and keep available out of its authorized
Common Stock, solely for the purpose to issue upon conversion of the Bond,
 such number of shares of Common Stock as shall then be issuable upon the
conversion of the Bond.  The Corporation covenants that all shares of Common
 Stock which shall be so issuable shall, when issued, be duly and validly
issued and fully paid and non-assessable.
 4. Recourse to Corporation Only.  The Holder of this Bond shall not have
recourse for the payment of principal of, or interest on, this Bond or for
 any claim based on this Bond, against any director, officer, representative,
 or stockholder, past, present, or future, of the Corporation. By acceptance
of this Bond, the Holder waives any such claim against any such person.

 5. Registration.  If the Corporation proposes for any reason to register
any of its Common Stock under the Securities Act of 1933, as amended
(the "Securities Act"), it shall promptly give written notice to the Holder
and, upon, the written request, given within fifteen (15) days after receipt
of the notice, of the Holder to register any Common Stock into which the
Bond is convertible, the Corporation shall use its best efforts to cause such
Common Stock to be included in such registration under the Securities Act.
  In the event that the proposed registration by the Corporation is, in whole
 or in part, an underwritten public offering of the Common Stock of the
 Corporation, if the managing underwriter determines and advises in writing
 that the inclusion of all Common Stock proposed to be included in the
underwritten public offering would interfere with the successful marketing
 of the Common Stock, then the number of shares of Common Stock to be
included in the registration shall be reduced, pro rata, among the Holders of
all Bonds and the Stockholders of the Corporation as determined in the
 discretion of the managing underwriter in consultation with the Corporation.
  If the Common Stock is not then registered, the share certificate shall
contain an appropriate legend.

 IN WITNESS WHEREOF, the Corporation has caused this Bond to be executed in
 its corporate name by the signature of its Chairman and the corporate seal
shall be imprinted hereon and attested by the signature of the secretary of
 the Corporation.


Dated:	August 17, 2004


Attest:  NoFire Technologies, Inc.

(Seal)
_                               By: ________________________________
                                                   Sam Oolie, Chairman



(seal)

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