Exhibit 10.1
March 16, 2006
Xxxxxx Xxxxxxx Enterprises, Inc.
000 Xxxxx Xxxxxx-Xxxxx Xxxxxxxxx, 0xx Xxxxx
Xxxxxx-Xxxxx, XX 00000
ATTN: Xxxxx Xxxxxxxxx
Re: Letter agreement dated November 23, 2005 between Circle Group Holdings,
Inc. and Xxxxxx Xxxxxxx Enterprises, Inc. ("Letter Agreement")
-----------------------------------------------------------------------
Ladies and Gentlemen:
This letter shall confirm our agreement to extend the 90 day time period
for Circle Group Holdings, Inc. ("CXN") and Xxxxxx Xxxxxxx Enterprises, Inc.
("GFME") to enter into definitive agreements as set forth in paragraph 21 of the
above referenced Letter Agreement. CXN and GFME agree that paragraph 21 of the
Letter Agreement is hereby modified to provide that the parties shall, on or
before Friday, April 28, 2006, enter into a definitive agreement incorporating
the terms of the Letter Agreement and such other provisions customary in
transactions of this type.
If the foregoing correctly sets forth your understanding, please so
indicate by signing a counterpart of this letter and returning it to CXN by
facsimile or e-mail, whereupon it will constitute a binding agreement between
CXN and GFME.
Very Truly Yours,
Accepted and agreed to as of CIRCLE GROUP HOLDINGS, INC.
the date first above written:
By: /s/ Xxxxxxx X. Xxxxxxx
--------------------------
XXXXXX XXXXXXX ENTERPRISES, INC. Name: Xxxxxxx X. Xxxxxxx
Title: C.E.O.
By: /s/ Xxxxx Xxxxxxxxx
--------------------
Name: Xxxxx Xxxxxxxxx
Title: President
