Document:

EXHIBIT 10.21
  Dated as of
                                ________ __, 2000

Avid Sportswear, Inc.
19143 South Hamilton Avenue
Gardena, California  90248

      Re:   Avid Sportswear, Inc. ("Client");
            GE Capital Commercial Services, Inc. ("Factor")

Gentlemen:

      Reference is hereby made to the following documents:

      A. Factoring Agreement,  dated as of ________ __, 2000, between Client and
Factor (the "Factoring Agreement").

      B. Factoring Agreement - Guaranty/Letter of Credit Supplement, dated as of
________   __,  2000,   between   Client  and  Factor  (the  "Letter  of  Credit
Supplement").

      C. Factoring Agreement - Inventory Supplement (with advances), dated as of
________ __, 2000, between Client and Factor (the "Inventory Supplement").

      D. Various other agreements and documents  entered into in connection with
the Factoring Agreement (such other agreements and documents,  together with the
Factoring  Agreement,  Letter of Credit Supplement and Inventory  Supplement are
collectively referred to as the "Factoring Documents").

      In  connection  with the Factoring  Documents,  Client and Factor agree as
follows:

      1. Client hereby  acknowledges  and  understands  that with respect to the
Accounts  Receivable  (as  that  term is  defined  in the  Factoring  Agreement)
existing as of the effective date of the Factoring Agreement (collectively,  the
"Takeover  Accounts",  Factor shall  purchase the  Takeover  Accounts  with full
recourse  and Factor has not and will not assume any credit  risk in  connection
with the Takeover Accounts.  Notwithstanding the provisions of Section 13 of the
Factoring  Agreement to the  contrary,  Client agrees to pay Factor a commission
equal to  ___________________________  percent  (__%) of the gross amount of the
Takeover  Accounts;  provided,  however,  that the minimum  commission  for each
Takeover Account shall be $_____.  The commission on the Takeover Accounts shall
be payable pursuant to Section 13 of the Factoring Agreement.

      2.  Client  acknowledges  that  Factor is relying  on the Chief  Executive
Officer  and Chief  Financial  Officer of Client,  collectively  referred  to as
"Senior  Management",  in making its decision to provide factoring and financing

<PAGE>

Avid Sportswear, Inc.
July __, 2000
Page 2

services to Client.  Factor has determined that the Senior  Management of Client
is experienced and skilled in the business  currently being conducted by Client.
Consequently,  Client and Factor agree that any change in the Senior  Management
of Client which Factor determines,  in its sole discretion, to materially impair
the  operations of Client's  business shall  constitute an Event of Default,  as
that term is defined in Section 17 of the Factoring Agreement.

      3. All costs,  fees (including  attorneys' fees) and expenses  incurred by
Factor in (i)  auditing,  appraising  and  evaluating  Client  and its  business
operations,  and (ii) in preparing,  drafting,  negotiating  and  finalizing the
factoring and financing documents  (including,  all of the Factoring Documents),
to the extent  that they  exceed,  in the  aggregate,  $_____,  shall be paid by
Client.  In this  connection,  Factor shall be entitled to charge  Client's loan
account with amount of such costs, fees and expenses.

      Except as specifically  modified by this letter  agreement,  the Factoring
Documents shall remain unchanged and in full force and effect.

                                Very truly yours,

                                GE CAPITAL COMMERCIAL SERVICES, INC.

                                By:______________________________
                                Name:____________________________
                                Title:___________________________

Agreed and accepted as of
the ___ day of _______, 2000

AVID SPORTSWEAR, INC.

By:______________________________
Name:____________________________
Title:___________________________THIS NOTE, AND THE SECURITIES  INTO WHICH IT IS CONVERTIBLE  (COLLECTIVELY,  THE
"SECURITIES"),  HAVE NOT BEEN REGISTERED  WITH THE UNITED STATES  SECURITIES AND
EXCHANGE  COMMISSION OR THE SECURITIES  COMMISSION OF ANY STATE.  THE SECURITIES
ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER REGULATION S
AND/OR  REGULATION D PROMULGATED  UNDER THE  SECURITIES  ACT OF 1933, AS AMENDED
(THE "ACT").  THE SECURITIES ARE  "RESTRICTED" AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED  STATES OR TO U.S.  PERSONS (AS SUCH TERM IS DEFINED IN  REGULATION S
PROMULGATED  UNDER THE ACT) UNLESS THE SECURITIES ARE REGISTERED  UNDER THE ACT,
PURSUANT TO REGULATION S AND/OR REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS
FROM THE  REGISTRATION  REQUIREMENTS OF THE ACT AND THE COMPANY WILL BE PROVIDED
WITH OPINION OF COUNSEL OR OTHER SUCH  INFORMATION AS IT MAY REASONABLY  REQUIRE
TO CONFIRM THAT SUCH  EXEMPTIONS ARE  AVAILABLE.  FURTHER  HEDGING  TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT.

                                    DEBENTURE

                           AVID SPORTSWEAR & GOLF INC.

                            6% CONVERTIBLE DEBENTURE

                              DUE NOVEMBER 1, 2005

No.  001                                                          $__________

      This  Debenture  is  issued  by AVID  SPORTSWEAR  & GOLF  CORP.,  a Nevada
corporation  (the  "COMPANY"),  to  ______________(together  with its  permitted
successors and assigns,  the "HOLDER")  pursuant to exemptions from registration
under the Securities Act of 1933, as amended.

                                   ARTICLE I.

      SECTION 1.01  PRINCIPAL AND INTEREST.  For value  received,  on November ,
2000,  the Company  hereby  promises to pay to the order of the Holder in lawful
money of the United  States of America and in  immediately  available  funds the
principal sum of ___________________  Dollars (US $____________),  together with
interest on the unpaid  principal  of this  Debenture at the rate of six percent
(6%) per year  (computed  on the basis of a  365-day  year and the  actual  days
elapsed) from the date of this  Debenture  until paid. At the Company's  option,

<PAGE>

the entire principal amount and all accrued interest shall be either (a) paid to
the  Holder  on the five  (5) year  anniversary  from  the  date  hereof  or (b)
converted in accordance with Section 4.02 herein.

      SECTION 1.02 OPTIONAL CONVERSION.  The Holder is entitled,  at its option,
to  convert  at any time and from time to time,  until  payment  in full of this
Debenture,  all or any  part of the  principal  amount  of the  Debenture,  plus
accrued interest,  into shares (the "CONVERSION SHARES") of the Company's common
stock,  $0.001  par  value  ("COMMON  STOCK"),  at  the  price  per  share  (the
"CONVERSION  PRICE")  equal to either (a) an amount equal to one hundred  twenty
percent  (120%)  of the  closing  bid price of the  Common  Stock as listed on a
Principal Market (as defined herein),  as quoted by Bloomberg L.P. (the "CLOSING
BID  PRICE") as of the date  hereof,  or (b) an amount  equal to eighty  percent
(80%) of the lowest  Closing  Bid Price of the Common  Stock for the twenty (20)
trading days  immediately  preceding the  Conversion  Date (as defined  herein).
Subparagraphs  (a) and (b) above are  individually  referred to as a "CONVERSION
PRICE". As used herein,  "PRINCIPAL MARKET" shall mean the Nasdaq Bulletin Board
System,  Nasdaq SmallCap Market, or American Stock Exchange. If the Common Stock
is not traded on a Principal  Market,  the  Closing  Bid Price  shall mean,  the
reported  Closing Bid Price for the Common  Stock,  as furnished by the National
Association of Securities Dealers, Inc., for the applicable periods. No fraction
of  shares  or  scrip  representing  fractions  of  shares  will  be  issued  on
conversion,  but the number of shares  issuable  shall be rounded to the nearest
whole share. To convert this Debenture,  the Holder hereof shall deliver written
notice thereof, substantially in the form of EXHIBIT "A" to this Debenture, with
appropriate  insertions (the "CONVERSION NOTICE"), to the Company at its address
as set forth herein.  The date upon which the conversion shall be effective (the
"CONVERSION  DATE")  shall be deemed to be the date set forth in the  Conversion
Notice,  provided that the Company or the transfer agent delivers the Conversion
Shares within ten (10) business  days after receipt of a Conversion  Notice.  If
such  Conversion  Shares are not  delivered  within such ten (10)  business  day
period, the Conversion Date shall be the date such shares are actually delivered
to the Holder.

      SECTION 1.03  RESERVATION  OF COMMON STOCK.  The Company shall reserve and
keep available out of its authorized but unissued shares of Common Stock, solely
for the purpose of effecting the  conversion of this  Debenture,  such number of
shares of Common Stock as shall from time to time be  sufficient  to effect such
conversion, based upon the Conversion Price. If at any time the Company does not
have a sufficient number of Conversion Shares authorized and available, then the
Company shall call and hold a special meeting of its  stockholders  within sixty
(60)  days of that  time  for the sole  purpose  of  increasing  the  number  of
authorized shares of Common Stock.

      SECTION 1.04 REGISTRATION RIGHTS. The Company is obligated to register the
resale of the  Conversion  Shares under the  Securities Act of 1933, as amended,
pursuant to the terms of a Registration  Rights  Agreement,  between the Company
and the Holder of even date herewith (the "REGISTRATION RIGHTS AGREEMENT").

      SECTION 1.05  INTEREST  PAYMENTS.  The interest so payable will be paid at
the time of maturity or conversion to the person in whose name this Debenture is
registered.  At the time such  interest is  payable,  the  Company,  in its sole
discretion,  may elect to pay  interest in cash (via wire  transfer or certified
funds) or in the form of Common Stock. In the event of default,  as described in

                                       2
<PAGE>

Article III Section  3.01  hereunder,  the Holder may elect that the interest be
paid in cash (via wire  transfer  or  certified  funds) or in the form of Common
Stock.  If paid in the form of Common  Stock,  the  amount of stock to be issued
will be calculated  as follows:  the value of the stock shall be the Closing Bid
Price on:  (i) the date the  interest  payment is due;  or (ii) if the  interest
payment is not made when due, the date the interest payment is made. A number of
shares of Common Stock with a value equal to the amount of interest due shall be
issued.  No fractional shares will be issued;  therefore,  in the event that the
value of the Common Stock per share does not equal the total  interest  due, the
Company will pay the balance in cash.

      SECTION 1.06 PAYING AGENT AND REGISTRAR.  Initially,  the Company will act
as paying  agent and  registrar.  The  Company  may  change  any  paying  agent,
registrar,  or  Company-registrar  by giving  the  Holder not less than ten (10)
business  days' written  notice of its election to do so,  specifying  the name,
address, telephone number and facsimile number of the paying agent or registrar.
The Company may act in any such capacity.

      SECTION 1.07  SUBORDINATED  NATURE OF  DEBENTURE.  This  Debenture and all
payments  hereon,  including  principal or interest,  shall be  subordinate  and
junior in right of payment to all  accounts  payable of the Company  incurred in
the  ordinary  course of business  and/or bank debt of the Company not to exceed
$500,000.

                                  ARTICLE II.

      SECTION  2.01  AMENDMENTS  AND WAIVER OF  DEFAULT.  The  Debenture  may be
amended with the consent of the Holder.  Without the consent of the Holder,  the
Debenture  may be amended to cure any  ambiguity,  defect or  inconsistency,  to
provide for  assumption of the Company  obligations to the Holder or to make any
change that does not adversely affect the rights of the Holder.

                                  ARTICLE III.

      SECTION 3.01 EVENTS OF DEFAULT. An Event of Default is defined as follows:
(a)  failure by the Company to pay amounts due  hereunder  within  fifteen  (15)
business  days of the date of  maturity  of this  Debenture;  (b) failure by the
Company to advise its transfer  agent to issue Common Stock to the Holder within
ten (10)  business  days of the  Company's  receipt  of the  attached  Notice of
Conversion from Holder; (c) failure by the Company for thirty (30) business days
after notice to it to comply with any of its other  agreements in the Debenture;
(d)  events of  bankruptcy  or  insolvency;  (e) a breach by the  Company of its
obligations  under the  Registration  Rights Agreement which is not cured by the
Company  within  fifteen  (15)  business  days after  receipt of written  notice
thereof. The Holder may not enforce the Debenture except as provided herein.

      SECTION 3.02 FAILURE TO ISSUE  UNRESTRICTED  COMMON STOCK. As indicated in
Article III Section 3.01, a breach by the Company of its  obligations  under the
Registration Rights Agreement shall be deemed an Event of Default,  which if not
cured  within  fifteen  (15) days,  shall  entitle the Holder  accelerated  full
repayment of all debentures  outstanding.  The Company acknowledges that failure
to honor a Notice of Conversion shall cause hardship to the Holder.

                                       3
<PAGE>

                                  ARTICLE IV.

      SECTION 4.01 RIGHTS AND TERMS OF CONVERSION.  This Debenture,  in whole or
in part, may be converted at any time following the date of closing, into shares
of Common Stock at a price equal to the Conversion Price as described in Section
1.02 above.

      SECTION 4.02 MANDATORY  CONVERSION.  Provided that the Company is not then
in default  under this  Debenture  or the  Registration  Rights  Agreement,  and
subject to the limitations  contained in paragraph 4.04 of this  Debenture,  the
Company  shall  have the right to  require  the  Holder to  convert  any  unpaid
principal of and accrued  interest on this  Debenture,  (a) by giving the Holder
not less than five (5) days' prior written notice of the amount to be converted,
if the Closing Bid Price of the  Company's  Common  Stock is $1.25 or higher per
share  for ten  (10)  consecutive  trading  days or (b)  upon  the five (5) year
anniversary of the date hereof.

      SECTION 4.03 RE-ISSUANCE OF DEBENTURE. When the Holder elects to convert a
part of the  Debenture,  then the Company  shall  reissue a new Debenture in the
same form as this Debenture to reflect the new principal amount.

      SECTION 4.04  LIMITATION ON RIGHT AND POWER TO EXERCISE.  Any provision in
this  Debenture  or any other  document to the contrary  not  withstanding,  the
Holder shall not have the right or power to convert this  Debenture  into Common
Stock,  either in whole or in part,  and any attempt to do so shall be void, if,
after having given  effect to such  conversion,  the Holder shall be or shall be
deemed  to be the  beneficial  owner  of ten  percent  (10%) or more of the then
outstanding Common Stock within the meaning or for the purposes of Section 13(d)
or 13(g) of the  Securities  Exchange  Act of 1934,  as amended  (the  "EXCHANGE
ACT"), or as the term "BENEFICIAL OWNER" is defined in Rule 13d-3 of the Act.

      SECTION 4.05  TERMINATION  OF  CONVERSION  RIGHTS.  The Holder's  right to
convert the Debenture  into the Common Stock in accordance  with  paragraph 4.01
shall terminate on the date that is the five (5) year  anniversary from the date
hereof  and this  Debenture  shall be  automatically  converted  on that date in
accordance  with  the  formula  set  forth  in  Section  4.01  hereof,  and  the
appropriate shares of Common Stock and amount of interest shall be issued to the
Holder.

                                   ARTICLE V.

      SECTION  5.01  ANTI-DILUTION.  In the event that the Company  shall at any
time subdivide the  outstanding  shares of Common Stock,  or shall issue a stock
dividend  on the  outstanding  Common  Stock,  the  Conversion  Price in  effect
immediately  prior to such subdivision or the issuance of such dividend shall be
proportionately  decreased,  and in the event that the Company shall at any time
combine the outstanding  shares of Common Stock,  the Conversion Price in effect
immediately  prior  to such  combination  shall  be  proportionately  increased,
effective at the close of business on the date of such subdivision,  dividend or
combination as the case may be.

      SECTION 5.02 CONSENT OF HOLDER TO SELL COMMON STOCK. So long as any of the
principal  of or  interest  on this Note  remains  unpaid and  unconverted,  the
Company shall not,  without the prior  consent of the Holder,  issue or sell (i)
any Common Stock without  consideration  or for a  consideration  per share less
than its fair market value determined immediately prior to its issuance, or (ii)

                                       4
<PAGE>

issue or sell any warrant,  option, right, contract,  call, or other security or
instrument granting the holder thereof the right to acquire Common Stock without
consideration  or for a  consideration  per share less than such Common  Stock's
fair market value determined immediately prior to its issuance.

                                  ARTICLE VI.

      SECTION 6.01 NOTICE. Notices regarding this Debenture shall be sent to the
parties at the following  addresses,  unless a party notifies the other parties,
in writing, of a change of address:

       If to the Company:      Avid Sportswear & Golf Corp.
                               22 South Links Avenue, Suite 204
                               Sarasota, Florida  34236
                               Attention:  Earl T. Ingarfield

       With a copy to:         Clayton Parker, Esq.
                               Kirkpatrick & Lockhart LLP
                               201 South Biscayne Boulevard, Suite 2000
                               Miami, Florida 33131

       If to Holder:           ---------------------
                               ---------------------
                               ---------------------

      SECTION 6.02  GOVERNING  LAW.  This  Debenture  shall be deemed to be made
under and shall be  construed  in  accordance  with the laws of the State of New
York without giving effect to the  principals of conflict of laws thereof.  Each
of the parties consents to the  jurisdiction of the U.S.  District Court sitting
in the  Southern  District  of the State of New York or the state  courts of the
State of New York sitting in Manhattan in  connection  with any dispute  arising
under this Debenture and hereby waives,  to the maximum extent permitted by law,
any  objection,  including  any objection  based on forum non  conveniens to the
bringing of any such proceeding in such jurisdictions.

      SECTION 6.03 SEVERABILITY. The invalidity of any of the provisions of this
Debenture shall not invalidate or otherwise  affect any of the other  provisions
of this Debenture, which shall remain in full force and effect.

      SECTION 6.04 ENTIRE  AGREEMENT AND AMENDMENTS.  This Debenture  represents
the entire  agreement  between  the parties  hereto with  respect to the subject
matter  hereof  and there are no  representations,  warranties  or  commitments,
except as set forth herein.  This Debenture may be amended only by an instrument
in writing executed by the parties hereto.

      SECTION  6.05  COUNTERPARTS.  This  Debenture  may be executed in multiple
counterparts,  each of which  shall be an  original,  but all of which  shall be
deemed to constitute on instrument.

                                       5
<PAGE>

      IN  WITNESS  WHEREOF,  with the  intent to be legally  bound  hereby,  the
Company as executed this Debenture as of the date first written above.

                                         AVID SPORTSWEAR & GOLF CORP.

                                         By:
                                            -----------------------------------
                                         Name:  Earl T. Ingarfield
                                         Title: Chief Executive Officer
                                                and President

                                       6
<PAGE>

                                   EXHIBIT "A"

                              NOTICE OF CONVERSION

         (TO BE EXECUTED BY THE HOLDER IN ORDER TO CONVERT THE NOTE)

TO:

      The undersigned  hereby  irrevocably  elects to convert $ _____________ of
the  principal  amount of the above  Note  into  Shares of Common  Stock of Avid
Sportswear & Golf Corp.  according to the conditions  stated therein,  as of the
Conversion Date written below.

CONVERSION DATE:
                             ---------------------------------------------------

APPLICABLE CONVERSION PRICE:
                             ---------------------------------------------------

SIGNATURE:
                             ---------------------------------------------------

NAME:
                             ---------------------------------------------------

ADDRESS:
                             ---------------------------------------------------

                                       A-1

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