Exhibit 10.1

February 22, 2006

George Foreman Enterprises, Inc.
100 North Wilkes-Barre Boulevard, 4th Floor
Wilkes-Barre, PA  18702
ATTN:    Efrem Gerszberg

         Re:   Letter agreement dated November 23, 2005 between Circle Group
               Holdings, Inc. and George Foreman 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 George Foreman  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 Thursday, March 16, 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/ Gregory J. Halpern
                                                         -----------------------
  GEORGE FOREMAN ENTERPRISES, INC.                   Name:  Gregory J. Halpern
                                                     Title: C.E.O.
  By:  /s/ Efrem Gerszberg
       -------------------
  Name:  Efrem Gerszberg
  Title: President