$73,000.00 November 3, 2000
FOR VALUE RECEIVED, Cirtran Corporation, a Nevada corporation, formerly known as Circuit Technology,
Inc. (hereinafter "Borrower"), promises to Future Electronics Corporation, a Massachusetts corporation
(hereinafter "Lender"), as follows:
1. Principal and Interest. Borrower promises to pay to Lender or its order at 41 Main Street, Bolton,
Massachusetts 01740, in lawful money of the United States of America, the principal sum of Seventy Three
Thousand Dollars ($73,000.00) together with interest on the unpaid principal balance thereon from October 1,
2000, until paid in full at a rate of six percent (6%) per annum (compounded monthly).
2. Nature of Indebtedness. This Promissory Note (the "Note") is for payment of certain sums due Lender from
Borrower under the terms of the Settlement Agreement and Release of All Claims of even date (the "Settlement
Agreement"). No part of the proceeds of this Note shall be or have been used for personal, family, household,
consumer or other purposes.
3. Repayment. Borrower shall pay principal and interest as follows:
a. Borrower shall pay eighteen (18) monthly installment payments of $1,460.00 on the first (1st) day of each
month, commencing on May 1, 2001, and continuing until October 1, 2002.
b. Borrower shall pay six (6) monthly installment payments of $2,920.00 on the first (1st) day of each month,
commencing on November 1, 2002, and continuing until April 1, 2003, at which time the entire unpaid balance
shall be due and payable in full.
c. All payments received shall be applied first to any late charges, attorneys fees and other such costs, second to
accrued interest, and the balance, if any, to the reduction of principal.
d. Borrower may prepay the obligation evidenced by this Note at any time without charge or penalty.
4. Events of Default. An Event of Default shall occur if any of the following events shall occur:
a. Failure to pay