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CTC
CirTran Corporation
August 14, 2007
Don L. Buehner
3860 South Parkview Circle,
Salt Lake City, Utah 84128
Thank you for your acceptance to serve on the Board of Directors (and
one or more its Committees, as we shall mutually determine) of CirTran
Corporation ("CTC"). As part of our appreciation, we offer you the following as
a form of compensation:
1- Attendance Fee: A cash payment of Five Thousand Dollars ($5,000) per
quarter, paid quarterly as long as you attend all meetings. This fee
will be paid in arrears. It is anticipated that the Board will conduct
regular quarterly meetings at the Company's offices in West Valley
City, Utah, with occasional telephonic meetings during the interim.
2- Stock Options. Directors shall be granted options to purchase 2,000,000
shares of the Company's common stock each year while serving on the
Board and issued during the first week of each year, at an exercise
price equal to the market price of the Company's common stock on the
date of grant, together with other terms in accordance with the
Company's Stock Option Plan or as determined by the Board or the
Committee established pursuant to the Company's Stock Option Plan.
3- D&O Insurance: The Company has a D&O insurance policy in place and
shall maintain that policy in effect as the Board determines. A copy of
the policy is enclosed.
4- Pre-Approved Expenses: The Company will reimburse you for expenses
pre-approved in writing from the Chairman of the Board which are
incurred in connection with its business, including expenses for
travel, lodging, meals, beverages, entertainment and other items in
accordance with policies established by the Company.
I feel that you can make a significant contribution to CTC's continued
growth and hope that you will favorably consider this offer and look forward to
having you come aboard. Please acknowledge the above by simply signing below and
fax back to my attention at (801) 963-8823.
Corporate Headquarters
4125 South 6000 West - West Valley City - Utah 84128 *
Tel: (801) 963-5112 * Fax: (801) 963-5180
www.cirtran.com
Respectfully,
CirTran Corporation
/s/ Iehab Hawatmeh
Iehab J. Hawatmeh
Chairman of the Board
Accepted and Agreed to:
/s/ Don L. Buehner
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By: Don L. Buehner
Date: August 31, 2007
Corporate Headquarters
4125 South 6000 West - West Valley City - Utah 84128 *
Tel: (801) 963-5112 * Fax: (801) 963-5180
www.cirtran.com
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