Exhibit
10.1
DEBENTURE
MODIFICATION
AND FOURTH EXTENSION
AGREEMENT
THIS AGREEMENT
is by and between Enable Holdings, Inc. (hereinafter referred to as
“Company”), and ________ (hereinafter referred to as
the “Holder”), and shall have an effective date as of
the date it is fully executed by all of the parties
hereto.
WITNESSETH:
WHEREAS,
Company previously executed a Debenture in an original principal
amount of _____________ originally dated October 31, 2008 as
extended on January 15, 2009, April 10, 2009 and July 14, 2009,
copies of which are attached hereto as Exhibit A (hereinafter
referred to as the “Debenture”); and
WHEREAS, the
Debenture was a part of a bridge loan financing between the
Company, the Holder and several other lenders with an aggregate
principal balance currently totaling Two Million Four Hundred Fifty
Thousand ($2,450,000) (the “Bridge Loan Financing”);
and
WHEREAS, the
Company has commenced raising money for a Senior Convertible
Debenture (the “Convertible Debenture”) of up to Seven
Million Five Hundred Thousand Dollars ($7,500,000) of which an
amount of approximately One Million Three Hundred Thousand Dollars
($1,300,000) has been raised; and
WHEREAS, the
Holder herein agrees that the Debenture shall in all respects be
treated pari passu with the holders of the Convertible Debenture;
and
WHEREAS, the
Company desires, and the Holder agrees, to extend the term of
payment for th
