sanhill inc. issued a debenture bond to karamoutz bank to finance new technology it developed. the bebenture was for 490000 issued at face value with a 10 year term ad interst payable at 10%. sandhills new technology proved not to be technically feasible and caused it to go into financail distress. the debenture is due today december 31 and sandhill does not have the funhds to repay the debenture or the intest. as a rsult, agreed to extend the debenture due date for five more years and reduc the principal amount to 294000 in escchange for receiving 19600 common share of sanhill trading at 5 per shire