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        AMENDMENT TO DEBENTURE AND INVESTOR REGISTRATION RIGHTS AGREEMENT
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         THIS AMENDMENT TO DEBENTURE AND REGISTRATION RIGHTS AGREEMENT (the
"Amendment") is made and entered into effective as of October 30, 2006, to amend
that certain Investor Registration Rights Agreement (the "Agreement") dated
December 30, 2005 by and among CIRTRAN CORP., a Nevada corporation (the
"Company") and CORNELL CAPITAL PARTNERS, LP (the "Investor"). The Company and
the Investor may each be referred to herein as a "Party" and collectively as the
"Parties."

                                    Recitals:
                                    ---------

         WHEREAS, on or about December 30, 2005, the Company and the Investor
entered into a series of financing agreements (the "December Transaction
Documents"), including, without limitation a Securities Purchase Agreement, a
convertible debenture issued pursuant thereto, and an Investor Registration
Rights Agreement, pursuant to which, among other things, the Investor agreed to
advance the Company the aggregate of One Million Five Hundred Thousand Dollars
($1,500,000) in exchange for the issuance by the Company of a secured
convertible debenture; and

         WHEREAS, on or about August 23, 2006, the Parties entered into another
series of financing agreements (the "August Transaction Documents"), including,
without limitation a Securities Purchase Agreement, a convertible debenture (the
"August Debenture") issued pursuant thereto, and an Amended and Restated
Investor Registration Rights Agreement (the "Amended IRRA"), pursuant to which,
among other things, the Investor agreed to advance the Company the aggregate of
One Million Five Hundred Thousand Dollars ($1,500,000) in exchange for the
issuance by the Company of a secured convertible debenture

         WHEREAS, the parties hereto desire to amend the August Debenture and
the Amended IRRA to extend certain deadlines contained therein; and

         WHEREAS, all terms in the August Debenture and the Amended IRRA, except
as modified herein, and the terms contained in the December Transaction
Documents and the August Transaction Documents, shall remain in full force and
effect.

         NOW, THEREFORE, in consideration of the premises and the mutual
promises, conditions and covenants contained herein and other good and valuable
consideration, receipt of which is hereby acknowledged, the parties hereto agree
as follows:

         1.       Recitals.  The  foregoing  recitals  are  hereby  incorporated
                  herein by reference  and  acknowledged  as true and correct by
                  the parties hereto.

         2.       Amended  IRRA.  Section  2(a) of the  Amended  IRRA is  hereby
                  amended and restated in its entirety to read as follows:

<PAGE>

                           "(a) Subject to the terms and conditions of this
                  Agreement, the Company shall prepare and file with the SEC, no
                  later than December 31, 2006 (the "Scheduled Filing
                  Deadline"), a registration statement on Form S-1 or SB-2 (or,
                  if the Company is then eligible, on Form S-3) under the 1933
                  Act (the "Initial Registration Statement") for the
                  registration for the resale by all Investors who purchased
                  Convertible Debentures pursuant to the Securities Purchase
                  Agreement 206,900,000 shares of Common Stock to be issued upon
                  conversion of the Convertible Debentures issued pursuant to
                  the Securities Purchase Agreement and the Securities Purchase
                  Agreeement dated December 30, 2005, as well as fifteen million
                  (15,000,000) shares of Common Stock to be issued upon
                  converstion of the Warrant dated August 23, 2006, and ten
                  million (10,000,000) shares of Common Stock to be issued upon
                  conversion of the Warrant dated December 30, 2005. The Company
                  shall cause the Initial Registration Statement to remain
                  effective until all of the Registrable Securities have been
                  sold. Prior to the filing of the Registration Statement with
                  the SEC, the Company shall furnish a copy of the Initial
                  Registration Statement to the Investors for their review and
                  comment. The Investors shall furnish comments on the Initial
                  Registration Statement to the Company within twenty-four (24)
                  hours of the receipt thereof from the Company."

         3.       August  Debenture.  The August  Debenture is hereby amended as
                  follows:

                  (A)      Section 1.02(b) is amended and restated to read in
                  its entirety as follows:

                           (b)      The Holder agrees that it may onlyt convert
                                    any amount of principal or interest of the
                                    Debenture in accordance with the terms and
                                    conditions of the Lock-up Agreement by and
                                    between the parties hereto dated July 27,
                                    2006, until the Company has effectuated an
                                    increase in its authorized capital. In the
                                    event that the Company has not effectuated
                                    such increase in its authorized capital by
                                    December 31, 2006, such failure shall
                                    constitute an event of default on parallel
                                    with those set forth in Section 3.01 below
                                    and subject to the same consequences as
                                    those listed in Section 3.01 below.

                  (B)      Section 2.01 is amended and restated to read in its
                  entirety as follows:

                           Section 2.01 Amendments and Waiver of Default. The
                           Debenture may only be amended upon the written
                           consent of both the Company and the Holder.
                           Notwithstanding the above, without the consent of the
                           Holder, the Debenture may be amended to cure any
                           ambiguity, defect or inconsistency, or to provide for
                           assumption of the Company obligations to the Holder.

<PAGE>

                  (C)      Paragraph 4.03 is amended and restated to read in its
                  entirety as follows:

                           Section 4.03 Termination of Conversion Rights. The
                           Holder's right to convert the Debenture into the
                           Common Stock in accordance with Section 4.01 hereof
                           shall terminate on April 23, 2009, 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.

                  (D)      Schedule 1.01 is amended and restated to read in its
                  entirety as follows:

                                  SCHEDULE 1.01
                                  -------------

                               REPAYMENT SCHEDULE

         March 23, 2007           $200,000
         June 23, 2007            $200,000
         September 23, 2007       $200,000
         December 23, 2007        $200,000
         March 23, 2008           $200,000
         June 23, 2008            $200,000
         September 23, 2008       $200,000
         April 23, 2009           $100,000 plus any accrued and unpaid interest.

                     [SIGNATURE PAGES TO IMMEDIATELY FOLLOW]

<PAGE>

         IN WITNESS WHEREOF, the parties have signed and delivered this
Amendment Agreement on the date first set forth above.

CIRTRAN CORP.                                  CORNELL CAPITAL PARTNERS, LP

By:      /s/ Iehab J. Hawatmeh                 By: Yorkville Advisors, LLC
   -------------------------------------
Name:    Iehab J. Hawatmeh                     Its: General Partner
Title:   President & CEO
                                               By:      /s/ Mark A. Angelo
                                                  ------------------------------
                                               Name:    Mark A. Angelo
                                               Title:   Portfolio Manager

--------------------------------------------------------------------------------EXHIBIT 10.1

 

 

DLJ MB IV HRH, LLC

Eleven Madison Avenue, 16th Floor

New York, New York
10010

November 20, 2006

Morgans Hotel
Group

475 Tenth Avenue

New York, New York
10018

Attn:  David
Smail

Re:          Financing
Waiver Date

Dear Mr. Smail:

Reference is hereby made to that certain Contribution
Agreement (the “Contribution Agreement”) dated as of November 7,
2006 by and among DLJ MB IV HRH, LLC (“DLJMB”) and Morgans Hotel Group
Co. (“Morgans”).  Capitalized
terms used but not defined herein have the meanings given to them in the Contribution
Agreement.

This letter is to confirm our agreement that, for all
purposes under the Contribution Agreement, the Financing Waiver Date shall be
extended from 5:00 p.m. Eastern Standard Time on Monday, November 20, 2006 to
5:00 p.m. Eastern Standard Time on Wednesday, November 22, 2006.

Please acknowledge that the foregoing conforms to
Morgans’ understanding with respect to the extension of the Financing Waiver
Date, by countersigning this letter below and returning it to DLJMB.

This letter supersedes any prior agreements relating
to the subject matter hereof, and shall be deemed to be effective as of 4:59
p.m. Eastern Standard Time on Monday, November 20, 2006.

 

This letter may be executed in any number of
counterparts, each of which when executed and delivered shall be deemed to be
an original and all of which counterparts taken together shall constitute one
and the same instrument.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DLJ MB IV HRH, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Steven Rattner

  
	
   

  	
   

  	
  Steven Rattner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed to and
  Acknowledged as of

  	
   

  	
   

  
	
  November 20,
  2006:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Morgans Hotel
  Group Co.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ W. Edward
  Scheetz

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  cc:

  	
  Stephen G.
  Gellman, Esq.

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