Document:

Exhibit 10.1

THIS NOTE HAS NOT BEEN REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
NOR UNDER ANY STATE  SECURITIES  LAW AND MAY NOT BE PLEDGED,  SOLD,  ASSIGNED OR
TRANSFERRED  UNLESS  (I)  A  REGISTRATION  STATEMENT  WITH  RESPECT  THERETO  IS
EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT"),
AND ANY  APPLICABLE  STATE  SECURITIES  LAW  REQUIREMENTS  HAVE BEEN MET OR (II)
EXEMPTIONS FROM THE REGISTRATION  REQUIREMENTS  UNDER THE SECURITIES ACT AND THE
REGISTRATION OR  QUALIFICATION  REQUIREMENTS OF APPLICABLE STATE SECURITIES LAWS
ARE AVAILABLE.

                                                                        $200,000

                              HC INNOVATIONS, INC.

                              --------------------

                           CONVERTIBLE PROMISSORY NOTE

                                                                   July 11, 2006

         HC  Innovations,  Inc., a Delaware  corporation  (the  "Company"),  the
principal office of which is located at Six Corporate Drive, Suite 420, Shelton,
CT 06484, for value received hereby promises to pay to Rubin Family  Irrevocable
Stock Trust (the "Holder"),  or its registered  assigns,  the sum of Two Hundred
Thousand Dollars ($200,000),  or such lesser amount as shall then be outstanding
hereunder  ("Note  Amount").  The principal amount hereof and any unpaid accrued
interest hereon, as set forth below,  shall be due and payable on the earlier to
occur of (i) October 11, 2006 ("Maturity  Date"),  or (ii) when declared due and
payable by the Holder  upon the  occurrence  of an Event of Default  (as defined
below).  Payment  for all  amounts  due  hereunder  shall be made by mail to the
registered address of the Holder.

         The  following  is a statement of the rights of the Holder of this Note
and the  conditions  to which  this Note is  subject,  and to which  the  Holder
hereof, by the acceptance of this Note, agrees:

         DEFINITIONS.  As used in this Note,  the  following  terms,  unless the
context otherwise requires, have the following meanings:

                  (i)      "Company"   includes  any  corporation   which  shall
         succeed to or assume the obligations of the Company under this Note.

                  (ii)     "Holder," when the context refers to a holder of this
         Note,  shall mean any  person  who shall at the time be the  registered
         holder of this Note.

         1.       PAYMENT OF FUNDS BY HOLDER.  The Holder promises to pay to the
Company  $100,000  of the Note  Amount  on the  date  hereof  and the  remaining
$100,000 of the Note Amount on or before August 11, 2006.

         2.       INTEREST.  Commencing on July 31, 2006,  and on each of August
11, 2006 and September  11, 2006,  the Company shall pay interest at the rate of
ten percent (10%) per annum (the "Interest  Rate") on the principal of this Note
outstanding during the period beginning on the date of issuance of this Note and
ending on the Maturity Date; provided,  however, that if the full Note Amount is
not paid to the Company as provided in Section 1 above,

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interest  shall only accrue on that portion of the Note Amount that was tendered
to  the  Company.  Notwithstanding,  interest  shall  cease  to  accrue  on  the
outstanding amounts owing under this Note on the Maturity Date.

         3.       EVENTS OF  DEFAULT.  If any of the  events  specified  in this
Section  3  shall  occur  (herein  individually  referred  to  as an  "Event  of
Default"), the Holder of the Note may, so long as such condition exists, declare
the entire  principal and unpaid accrued  interest  hereon  immediately  due and
payable, by notice in writing to the Company:

                  (iii)    Default in the  payment of the  principal  and unpaid
         accrued  interest of this Note when due and payable if such  default is
         not cured by the  Company  within  ten (10) days  after the  Holder has
         given the Company written notice of such default; or

                  (iv) The  institution  by the  Company  of  proceedings  to be
         adjudicated  as  bankrupt  or  insolvent,  or  the  consent  by  it  to
         institution of bankruptcy or insolvency  proceedings  against it or the
         filing by it of a petition or answer or consent seeking  reorganization
         or release under the federal  Bankruptcy  Act, or any other  applicable
         federal  or state law,  or the  consent by it to the filing of any such
         petition  or  the  appointment  of a  receiver,  liquidator,  assignee,
         trustee or other similar official of the Company, or of any substantial
         part of its  property,  or the  making by it of an  assignment  for the
         benefit of creditors,  or the taking of corporate action by the Company
         in furtherance of any such action; or

                  (v)      If, within ten (10) days after the commencement of an
         action  against  the  Company  (and  service of  process in  connection
         therewith  on  the  Company)   seeking  any   bankruptcy,   insolvency,
         reorganization,  liquidation,  dissolution  or similar relief under any
         present or future  statute,  law or  regulation,  such action shall not
         have been resolved in favor of the Company or all orders or proceedings
         thereunder  affecting  the  operations  or the  business of the Company
         stayed, or if the stay of any such order or proceeding shall thereafter
         be set aside, or if, within ten (10) days after the appointment without
         the consent or acquiescence of the Company of any trustee,  receiver or
         liquidator  of the  Company  or of all or any  substantial  part of the
         properties  of the  Company,  such  appointment  shall  not  have  been
         vacated.

         4.       PREPAYMENT.  The  Company  may,  at  its  option,  prepay  the
principal and interest of this Note, in whole or in part, without payment of any
premium or penalty,  by giving written notice thereof to the Holder at least one
(1) day prior to the date selected for prepayment.

         5.       POST MATURITY DATE

                  5.1      ISSUANCE.  In the event that all of the principal and
interest  owing under this Note is not paid in full by the  Maturity  Date,  the
Holder  shall be entitled  to receive  one share of Common  Stock for each $1.00
owing and outstanding under this Note.

                  5.2      CONVERTIBLE  DEBENTURE.  In the event that all of the
principal and interest owing under this Note is not paid in full by the Maturity
Date,  this Note shall be deemed to be a convertible  debenture with interest at
the rate of zero percent (0%) per year and a term of eighteen (18) months.  Such
convertible debenture shall be converted pursuant to section 6 below.

         6.       CONVERSION OF CONVERTIBLE DEBENTURE.

                  6.1      POST  MATURITY  CONVERSION.  In the event that all of
the  principal  and  interest  owing  under this Note is not paid in full by the
Maturity Date,  interest shall cease to accrue on such  outstanding  amounts and
this Note may be converted at any time into shares of the Company's Common Stock
as provided herein.  The entire principal and interest owing under this Note may
be converted into shares of the Company's Common Stock ("Conversion Shares"), at
the Conversion Price (as defined below).  The initial  Conversion Price shall be
equal to fifty percent (50%) of the closing price of the Company's  Common Stock
as listed by the Over-the-Counter Bulletin Board on the day immediately prior to
the conversion; provided, however, that in no event will the Conversion Price be
less than $.40 per share.

<PAGE>

                  6.2      CONVERSION PROCEDURE.

                           6.2.1    NOTICE OF  CONVERSION  PURSUANT  TO  SECTION
6.2.  Before the Holder  shall be entitled  to convert  this Note into shares of
Common  Stock,  it shall  surrender  this Note at the office of the  Company and
shall  give  written  notice by mail,  postage  prepaid,  to the  Company at its
principal  corporate  office,  of the  election to convert the same  pursuant to
Section 5.1, and shall state therein the name or names in which the  certificate
or certificates for shares of Common Stock are to be issued.  The Company shall,
as soon as  practicable  thereafter,  issue and  deliver  at such  office to the
Holder of this Note a certificate  or  certificates  for the number of shares of
Common  Stock to which the Holder of this Note shall be entitled  as  aforesaid.
Such conversion shall be deemed to have been made immediately prior to the close
of  business  on the date of such  surrender  of this  Note,  and the  person or
persons  entitled  to receive  the  shares of Common  Stock  issuable  upon such
conversion  shall be treated for all purposes as the record holder or holders of
such shares of Common Stock as of such date.

                           6.2.2    NOTICE OF  CONVERSION  PURSUANT  TO  SECTION
6.2. If this Note is converted,  written notice shall be delivered to the Holder
of this Note at the  address  last shown on the  records of the  Company for the
Holder or given by the Holder to the Company for the purpose of notice or, if no
such address  appears or is given,  at the place where the  principal  executive
office of the Company is located,  notifying the Holder of the  conversion to be
effected,  specifying the Conversion  Price, the principal amount of the Note to
be converted,  the amount of accrued interest to be converted, the date on which
such  conversion  will occur and calling  upon such Holder to  surrender  to the
Company, in the manner and at the place designated, the Note.

                  6.3      DELIVERY  OF  STOCK  CERTIFICATES.   As  promptly  as
practicable after the conversion of this Note, but in no event later than thirty
(30) days from conversion,  the Company at its expense will issue and deliver to
the Holder of this Note a  certificate  or  certificates  for the number of full
shares of Common Stock issuable upon such conversion.

                  6.4      RESERVATION  OF STOCK ISSUABLE UPON  CONVERSION.  The
Company shall at all times reserve and keep  available out of its authorized but
unissued  shares of  Common  Stock  solely  for the  purpose  of  effecting  the
conversion  of the Note such number of its shares of Common  Stock as shall from
time to time be sufficient to effect the  conversion of the Note;  and if at any
time the number of authorized  but unissued  shares of Common Stock shall not be
sufficient to effect the conversion of the entire  outstanding  principal amount
of this Note,  in addition to such other  remedies as shall be  available to the
holder  of this  Note,  the  Company  will use its  best  efforts  to take  such
corporate action as may, in the opinion of its counsel, be necessary to increase
its authorized  but unissued  shares of Common Stock to such number of shares as
shall be sufficient for such purposes.

         7.       ASSIGNMENT.  Subject to the restrictions on transfer described
in Section 9 below,  the rights and obligations of the Company and the Holder of
this Note shall be binding  upon and benefit  the  successors,  assigns,  heirs,
administrators and transferees of the parties.

         8.       WAIVER AND  AMENDMENT.  Any provision of this Note may only be
amended, waived or modified upon the written consent of the Company and Holders.

         9.       TRANSFER OF THIS NOTE OR  SECURITIES  ISSUABLE  ON  CONVERSION
HEREOF.  With respect to any offer,  sale or other  disposition  of this Note or
securities  into which such Note may be converted,  the Holder will give written
notice to the Company  prior  thereto,  describing  briefly the manner  thereof,
together  with a written  opinion of such Holder's  counsel,  to the effect that
such offer, sale or other  distribution may be effected without  registration or
qualification  (under any  federal or state law then in effect).  Promptly  upon
receiving  such  written  notice  and  reasonably  satisfactory  opinion,  if so
requested,  the  Company  shall  notify such Holder that such Holder may sell or
otherwise  dispose of this Note or such  securities,  all in accordance with the
terms of the notice delivered to the Company.  If a determination  has been made
pursuant  to this  Section 9 that the  opinion of counsel  for the Holder is not
reasonably  satisfactory to the Company,  the Company shall so notify the Holder
promptly after such  determination has been made. Each Note thus transferred and
each  certificate  representing  the securities  thus  transferred  shall bear a
legend as to the applicable  restrictions on  transferability in order to ensure
compliance with

<PAGE>

the Securities Act, unless in the opinion of counsel for the Company such legend
is not  required.  The  Company  may issue  stop  transfer  instructions  to its
transfer agent in connection with such restrictions.

         10.      TREATMENT  OF  NOTE.  To the  extent  permitted  by  generally
accepted accounting  principles,  the Company will treat, account and report the
Note as debt and not  equity for  accounting  purposes  and with  respect to any
returns filed with federal, state or local tax authorities.

         11.      NOTICES. Any notice,  request or other communication  required
or permitted hereunder shall be in writing and shall be deemed to have been duly
given on the date of  service  if  personally  served  on the party to whom such
notice is to be given, on the date of transmittal of service via telecopy to the
party to whom notice is to be given (with a confirming copy delivered  within 24
hours  thereafter),  or on the third day after mailing if mailed to the party to
whom notice is to be given,  by first class mail,  registered or certified mail,
postage prepaid,  or via a recognized  overnight courier providing a receipt for
delivery and properly  addressed at the  respective  addresses of the parties as
set forth herein. Any party hereto may by notice so given change its address for
future notice hereunder.

         12.      NO STOCKHOLDER RIGHTS. Nothing contained in this Note shall be
construed as conferring upon the Holder or any other person the right to vote or
to consent or to  receive  notice as a  stockholder  in respect of  meetings  of
stockholders  for the election of directors of the Company or any other  matters
or any rights  whatsoever as a stockholder  of the Company;  and no dividends or
interest  shall be  payable or  accrued  in  respect  of the  Conversion  Shares
obtainable  hereunder  until,  and only to the extent that, this Note shall have
been converted.

         13.      GOVERNING  LAW.  This  Agreement  shall  be  governed  by  and
construed in accordance  with the laws of the State of New York,  excluding that
body of law relating to conflict of laws.

         14.      HEADING;  REFERENCES.  All  headings  used herein are used for
convenience  only and shall not be used to  construe  or  interpret  this  Note.
Except where  otherwise  indicated,  all references  herein to Sections refer to
Sections hereof.

         IN WITNESS WHEREOF,  the Company has caused this Note to be issued this
11th day of July 2006.

                                       HC Innovations, Inc.

                                       By
                                          --------------------------------------
                                       Name:
                                       Title:

Name of Holder: Rubin Family Irrevocable Stock Trust

Address:
        ------------------------------------

        ------------------------------------

<PAGE>

                                    EXHIBIT A

                              NOTICE OF CONVERSION

                   (To Be Signed Only Upon Conversion of Note)

         The undersigned,  the holder of the foregoing Note,  hereby  surrenders
such Note for conversion into shares of Common Stock of HC Innovations, Inc., to
the extent of  $__________  unpaid  principal  amount of such Note, and requests
that the  certificates  for such shares be issued in the name of, and  delivered
to, _____________, whose address is ______________________

Dated:____________________________

                                            ____________________________________
                                            (Signature   must   conform  in  all
                                            respects   to  name  of   holder  as
                                            specified on the face of the Note)

                                            ____________________________________
                                                         (Address)Exhibit 10.2

THE  SECURITIES  REPRESENTED  BY THIS  INSTRUMENT,  TOGETHER WITH ANY SECURITIES
ISSUABLE  UPON  ITS  CONVERSION,  IF ANY,  HAVE NOT BEEN  REGISTERED  UNDER  THE
SECURITIES  ACT OF  1933,  AS  AMENDED,  OR  QUALIFIED  UNDER  APPLICABLE  STATE
SECURITIES  LAWS.  SUCH  SECURITIES  REPRESENTED  BY THIS  INSTRUMENT  HAVE BEEN
ACQUIRED FOR  INVESTMENT  PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION
WITH,  THE  SALE  OR  DISTRIBUTION  THEREOF.  NO  SALE  OR  DISPOSITION  OF THIS
CONVERTIBLE  DEBENTURE OR THE SECURITIES  ISSUABLE UPON ITS CONVERSION,  IF ANY,
MAY BE EFFECTED WITHOUT AN EFFECTIVE  REGISTRATION  STATEMENT RELATED THERETO OR
AN OPINION OF COUNSEL FOR THE HOLDER,  SATISFACTORY  TO THE  COMPANY,  THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM
THE SECURITIES AND EXCHANGE COMMISSION.

                              HC INNOVATIONS, INC.

                              CONVERTIBLE DEBENTURE

                                                                  ________, 2005
$_______.00                                                 Shelton, Connecticut

         1.       PRINCIPAL AND INTEREST.

         FOR VALUE RECEIVED,  HC INNOVATIONS,  INC., a Delaware corporation (the
"COMPANY"), hereby promises to pay to the order of ___________, or its permitted
registered assigns (the "HOLDER"), at the address of the Holder appearing on the
Company's   books,   the   principal   amount   of   ______   Thousand   Dollars
($_00,000),without interest, in lawful money of the United States of America, on
_____,  200_ (the "MATURITY  DATE") (18 MONTHS FROM THE DATE OF THIS DEBENTURE),
unless  sooner  converted  in full in  accordance  with the  provisions  of this
Debenture.  Concurrently with the payment or conversion in full of all principal
hereunder,   Holder  shall   surrender   this   Debenture  to  the  Company  for
cancellation.

         2.       PREPAYMENT. The Company shall have no right to prepay in whole
or part any outstanding portion of the principal amount of this Debenture.

         3.       ABSENCE OF COLLATERAL. This Debenture is unsecured.

         4.       EVENTS OF  DEFAULT.  The  occurrence  of any of the  following
events of default shall  constitute an "Event of Default" under this  Debenture.
If any of the following  events (each an "EVENT OF DEFAULT")  shall occur and be
continuing:

                  4.1      FAILURE  TO PAY.  The  Company  shall fail to pay all
amounts owed on the Maturity Date as required under the terms of this Debenture.

<PAGE>

                  4.2      VOLUNTARY BANKRUPTCY OR INSOLVENCY  PROCEEDINGS.  The
Company  shall  (i) apply  for or  consent  to the  appointment  of a  receiver,
trustee,  liquidator or custodian of itself or of all or a  substantial  part of
its  property,  (ii) be unable,  or admit in writing its  inability,  to pay its
debts generally as they mature,  (iii) make a general assignment for the benefit
of its or any of its  creditors,  (iv) be dissolved or  liquidated in full or in
part, (v) commence a voluntary  case or other  proceeding  seeking  liquidation,
reorganization  or other  relief  with  respect to itself or its debts under any
bankruptcy,  insolvency  or other  similar  law now or  hereafter  in  effect or
consent to any such relief or to the appointment of or taking  possession of its
property by any official in an involuntary  case or other  proceeding  commenced
against  it, or (vi) take any action for the  purpose  of  effecting  any of the
foregoing.

                  4.3      INVOLUNTARY  BANKRUPTCY  OR  INSOLVENCY  PROCEEDINGS.
Proceedings for the appointment of a receiver,  trustee, liquidator or custodian
of the  Company  all  or a  substantial  part  of the  property  thereof,  or an
involuntary case or other  proceedings  seeking  liquidation,  reorganization or
other relief with respect to the Company the debts thereof under any bankruptcy,
insolvency or other similar law now or hereafter in effect shall be commenced.

         5.       ACCELERATION.  If an Event of Default  occurs with  respect to
the Company and is continuing,  then this Debenture shall become immediately due
and payable.

         6.       PUBLIC COMPANY SUCCESSOR/CONVERSION.

                  6.1      PUBLIC  COMPANY   SUCCESSOR.   The  Holder  has  been
informed  that  following  the  execution  and delivery of this  Debenture,  the
Company may be merged with or into or acquired by a public  company (the "PUBLIC
COMPANY  SUCCESSOR"),  with the Public Company Successor as the surviving entity
of such merger or acquisition, all upon terms and conditions, including, without
limitation,  the  assumption  by the Public  Company  Successor of the Company's
obligations under this Debenture, as shall be satisfactory to the Company. After
the  consummation  of such merger or acquisition,  the Public Company  Successor
would become a reporting  company  pursuant to Section 13(a) or Section 15(d) of
the Securities  Exchange Act of 1934 (the "EXCHANGE ACT") and the Public Company
Successor's  common stock would be listed or quoted for trading,  as applicable,
on one of the following  markets or exchanges:  the Nasdaq SmallCap Market,  the
American Stock Exchange, the New York Stock Exchange, the Nasdaq National Market
or the OTC Bulletin Board (each, a "TRADING MARKET") or continued to be reported
in the "Pink Sheets", herein described.

                  6.2      VOLUNTARY   CONVERSION  OF  THIS   DEBENTURE.   If  a
transaction  described  in Section  6.1 is  consummated  and the Public  Company
Successor's voting common stock (the "PUBLIC COMPANY SUCCESSOR COMMON STOCK") is
listed or quoted for trading on a Trading Market or reported in the Pink Sheets,
then the Holder  may,  prior to the  Maturity  Date,  voluntarily  convert  this
Debenture  into Public  Company  Successor  Common Stock in accordance  with the
terms of this Section 6.

                  6.3      VOLUNTARY  CONVERSION  PRICE.  Each $1,000  principal
amount of this  Debenture,  or any fraction  thereof,  is  convertible  into the
Public  Company  Successor  Common  Stock on a dollar  for  dollar  basis.  This
Debenture  shall be  convertible  into the  number of  shares of Public  Company
Successor Common Stock (the "CONVERSION SHARES") determined by the

                                       2
<PAGE>

QUOTIENT  obtained by DIVIDING (a) the principal amount of this Debenture BY (b)
the PRODUCT of 50% TIMES the VWAP of the Public Company  Successor Common Stock,
herein  defined,  on the day  preceding  the date of the  Notice of  Conversion,
herein  defined  (the  "VOLUNTARY  CONVERSION  PRICE").  Anything  herein to the
contrary notwithstanding,  the Voluntary Conversion Price shall not be less than
$.40.  The Voluntary  Conversion  Price shall not be subject to  adjustment  for
stock splits, stock dividends or corporate reorganizations.

                  6.4      DEFINITION.  "VWAP"  means,  for any date,  the price
determined by the first of the following clauses that applies: (a) if the Public
Company Successor Common Stock is then listed or quoted on a Trading Market, the
daily volume  weighted  average price of such Common Stock for such date (or the
nearest preceding date) on the primary Trading Market on which such Common Stock
is then listed or quoted as reported by  Bloomberg  Financial  L.P.  (based on a
Trading  Day from  9:30  a.m.  EST to 4:02  p.m.  Eastern  Time)  using  the VAP
function;  or (b) if such Common Stock is not then listed or quoted on a Trading
Market  and if  prices  for such  Common  Stock are then  reported  in the "Pink
Sheets" published by the Pink Sheets,  LLC (or a similar  organization or agency
succeeding to its functions of reporting prices),  the most recent bid price per
share of such Common Stock so reported.

                  6.5      NOTICE OF  CONVERSION/CONVERSION  PROCEDURE. In order
to convert this Debenture into Public Company Successor Common Stock, the Holder
must deliver a dated and signed notice of  conversion,  stating its intention to
convert the full principal  amount of this Debenture into the Conversion  Shares
(the "NOTICE OF CONVERSION"). Notices of Conversion shall be deemed delivered on
the date sent, if personally delivered, to the Company's Chief Executive Officer
at the Company's principal place of business,  or when actually received if sent
by another method. The Notice of Conversion shall be accompanied by the original
Debenture.

         The Company shall use its reasonable best efforts to issue or cause its
transfer  agent to issue the  Conversion  Shares  within three (3) business days
after the Company  receives a fully executed and completed  Notice of Conversion
and original  Debenture.  The Company  shall bear the cost  associated  with the
issuance of the Conversion Shares. Such Conversion Shares shall be issued with a
restrictive  legend  indicating  that the  Conversion  Shares  were  issued in a
transaction which is exempt from registration  under the Securities Act of 1933,
as amended, and that the Conversion Shares CANNOT BE transferred unless they are
so registered, or an exemption from registration is available, in the opinion of
counsel to the Company.  The Conversion  Shares shall be issued in the same name
as the  person  who is the  Holder  unless,  in the  opinion  of  counsel to the
Company,  such transfer can be made in  compliance  with  applicable  securities
laws.  The person in whose name the  certificates  of  Conversion  Shares are so
registered  shall be  treated  as a common  stockholder  of the  Public  Company
Successor on the date such Conversion Shares are so issued.

         Notwithstanding  the above, the Company shall not be obligated to issue
to the Holder such certificates  evidencing shares of the Conversion Shares upon
conversion of this  Debenture  unless such Debenture is delivered to the Company
for  cancellation  (or the Holder  notifies the Company that such  Debenture has
been lost, stolen or destroyed and executes an agreement reasonably satisfactory
to the Company,  together with  reasonably  requested  surety,  to indemnify the
Company  from  any  such  loss  incurred  in  connection  with  the loss of such
Debenture).

                                       3
<PAGE>

         7.       TRANSFERABILITY. This Debenture has been issued by the Company
for the sole benefit of the Holder and may not be sold, transferred or otherwise
assigned  without the prior written consent of the Company and the Holder agrees
not to take any  actions  which  would  cause  any  third  party to have such an
interest in this Debenture.

         8.       ASSIGNMENT.  The rights and obligations of the Company and the
Holder  shall be binding  upon any entity  which  becomes the  successor  of the
Company  such as the Public  Company  Successor or which  otherwise  assumes the
Company's obligations hereunder.

         9.       WAIVER AND  AMENDMENT.  Any provision of this Debenture may be
amended,  waived or modified  only upon the written  consent of both the Company
and the Holder.

         10.      WAIVER  OF  PRESENTMENT,   DEMAND,  ETC.  The  Company  waives
presentment,  diligence,  demand of payment, notice of dishonor, protest and all
other  demands  and  notices  in  connection  with  the  delivery,   acceptance,
performance, default or enforcement of this Debenture.

         11.      ATTORNEY'S FEES. If, after maturity,  this Debenture is placed
in the  hands  of an  attorney  for  collection  or if it is  collected  through
judicial, probate,  bankruptcy, or receivership proceedings,  the Company agrees
to pay  all  reasonable  costs  and  expenses,  including,  without  limitation,
attorneys'  fees and expenses  expended or incurred by the Holder in  connection
with the enforcement of this Debenture, the collection of any sum due hereunder,
any action for declaratory  relief in any way related to this Debenture,  or the
protection or preservation of any right of the Holder hereunder,  whether or not
suit is brought.

         12.      NOTICES.  All  notices  and other  communications  required or
permitted hereunder shall be in writing and shall be given to the Company at its
principal  place of business  and to the Holder at its address set forth  below.
The  Company or the  Holder,  as  applicable,  may change its address for notice
purposes by delivery of a change of address in accordance with the provisions of
this Section 12.

         13.      GOVERNING LAW. This Debenture  shall be governed and construed
in all  respects in  accordance  with the laws of the State of Delaware  without
regard to the conflicts of laws provisions.

                                       4
<PAGE>

         IN WITNESS WHEREOF,  the Company has caused this Debenture to be issued
and delivered as of the date first set forth above.

                                        HC INNOVATIONS, INC.

                                        By:
                                             -----------------------------------
                                             Name:
                                             Title:
Holder's address for notice purposes:

                                       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]