Item 1.01 Entry Into a Material Definitive Agreement.

Effective January 16, 2009, Enable Holdings, Inc. (the "Company") received extensions from certain accredited investors (the "Investors") who previously made total commitments for an aggregate of $2,450,000 90-day loans in the form of 18% Senior Secured on October 14, 2008, October 31, 2008 and November 21, 2008 (collectively, the "Loans"). The Investors made such extensions pursuant to Debenture Modification and Extension Agreements which call for an extension of the Loans for 90-days after their original 90-day terms.

A form of the Debenture Modification and Extension Agreement is attached hereto as Exhibit 10.1. Additionally, in connection with the Loans, the Company issued the press release which is attached hereto as Exhibit 99.1 and incorporated into this Report.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits:

10.1 Form of Debenture Modification and Extension Agreement dated January 16, 2009.

99.1 Press Release dated January 19, 2009.

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