0001266454-04-000096 Sample Contracts

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EXHIBIT 10.1 TRINITY LEARNING CORPORATION SECURITIES PURCHASE AGREEMENT August 31, 2004
Securities Purchase Agreement • September 7th, 2004 • Trinity Learning Corp • Services-educational services • New York
ARTICLE I INTEREST & AMORTIZATION
Trinity Learning Corp • September 7th, 2004 • Services-educational services • New York
BACKGROUND
Stock Pledge Agreement • September 7th, 2004 • Trinity Learning Corp • Services-educational services • New York
August 31, 2004 Trinity Learning Corporation 1831 Second Street Berkeley, CA 94710 Attn: Doug Cole Re: Restricted Account: Account Number 2704051990, Account Name: Trinity Learning Corporation, maintained at North Fork Bank (the "Restricted Account")....
Trinity Learning Corp • September 7th, 2004 • Services-educational services

Reference is made to (i) that certain Securities Purchase Agreement, dated as of August 31, 2004 (as amended, modified or supplemented from time to time, the "Purchase Agreement"), by and between Trinity Learning Corporation, a Utah corporation (the "Company"), and Laurus Master Fund, Ltd. (the "Purchaser") and (ii) that certain Restricted Account Agreement, dated as of August 31, 2004 (as amended, modified or supplemented from time to time, the "Restricted Account Agreement"), by and among the Company, Laurus and North Fork Bank (the "Bank"). Capitalized terms used but not defined herein shall have the meanings ascribed them in the Purchase Agreement or the Restricted Account Agreement, as applicable. Pursuant to the Section 3.2 of the Purchase Agreement, the Company is required to place $4,491,000 in the Restricted Account, and, subject to the provisions of this letter, the Purchase Agreement and any Related Agreement, maintain such amount in the Restricted Account for as long as the

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