Contribution Agreement

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This Contribution Agreement involves

MORGANS HOTEL GROUP CO. | DLJ MB IV HRH, LLC

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Title: Contribution Agreement
Date: 11/30/2006
Industry: HOTELS Sector: SERVIC

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EXHIBIT 10

EXHIBIT 10.1

DLJ MB IV HRH, LLC

Eleven Madison Avenue, 16th Floor

New York, New York 10010

November 29, 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 dated as of November 7, 2006 (as amended on November 20, 2006, November 22, 2006 and November 28, 2006, the “

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