Unassociated Document


    Exhibit
10.1

    


    DEBENTURE
MODIFICATION

    AND
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
____________ and dated _______, 2008, a copy of which is 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 totaling $2,450,000;

    


    WHEREAS,
the Company desires to extend the term of payment for this Debenture for an
additional ninety (90) days along with the majority of the other Bridge Loan
Financing debentures; and

    


    WHEREAS,
the Company shall have the power to not extend the debenture between the Company
and Cari Bloom Management, Inc. in the principal amount of $100,000 when it
comes due; and

    


    WHEREAS,
the Company has complied with all material terms of the Debenture up to the date
of this extension; and

    


    WHEREAS,
Company and Holder wish to modify the Debenture in accordance with the terms and
conditions contained herein.

    


    NOW,
THEREFORE, in consideration of the foregoing premises and the terms and
conditions, provisions and covenants contained herein, Company and Holder do
hereby agree as follows:

    


    
      
        	
                1.

              	
                Interest
      Payments as set forth in Section 2 shall continue to be paid
      monthly.

              


      

    

    


    
      	
              2.

            	
              The
      Maturity Date shall be extended until _____, 2009 [90 days from the
      original due date].

            


    

    


    
      	
              3.

            	
              All
      the rights, remedies, stipulations and conditions contained in the
      Debenture, and any and all mortgages securing repayment thereof, shall
      also apply to any default in or failure to pay the modified payments
      required hereunder.

            


    

    


    
      	
              4.

            	
              Company
      shall make and execute any and all other documents as may be necessary or
      required to effectuate the terms and conditions of this
      Agreement.

            


    

    


    
      	
              5.

            	
              Save
      and except for the modifications contained herein, the terms, conditions
      and provisions of the Debenture, and any and all mortgages securing
      repayment thereof, shall continue in full force and
  effect.

            


    

    


    


    


    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the 16th day
of January, 2009.

    


    


    


    ENABLE
HOLDINGS, INC.

    


    


    


    _______________________                                                                                     ___________________________

    By:

    Its: