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<div>EXHIBIT 10.1</div>
<br>
<div>ALL FUELS & ENERGY COMPANY</div>
<div>2007 STOCK OWNERSHIP PLAN</div>
<br>
<div>ARTICLE 1. ESTABLISHMENT AND PURPOSE</div>
<br>
<div>1.1  ESTABLISHMENT OF THE PLAN.  ALL Fuels & Energy Company, a Delaware
corporation (the “Company”), hereby establishes an incentive compensation plan (the “Plan”), as
set forth in this document.</div>
<br>
<div>1.2  PURPOSE OF THE PLAN. The purpose of the Plan is to promote the success and  enhance
the value of the Company by linking the personal interests of  Participants to those of the
Company’s shareholders, and by providing Participants with an incentive for outstanding
performance. The Plan is further intended to attract and retain the services of Participants upon
whose judgment, interest, and special efforts the successful operation of the Company and its
subsidiaries is dependent.</div>
<br>
<div>1.3  EFFECTIVE DATE OF THE PLAN. The Plan shall become effective on October 16, 2007.</div>
<br>
<div>ARTICLE 2. DEFINITIONS</div>
<br>
<div>Whenever used in the Plan, the following terms shall have the meanings set forth below and,
when the meaning is intended, the initial letter of the word is capitalized:</div>
<br>
<div>(a)  “Award” means, individually or collectively, a grant under this Plan of Stock or Restricted
Stock.</div>
<br>
<div>(b)  “Award Agreement” means an agreement which may be entered into by each Participant and
the Company, setting forth the terms and provisions applicable to Awards granted to Participants
under this Plan.</div>
<br>
<div>(c)  “Board” or “Board of Directors” means the Company’s Board of Directors.</div>
<br>
<div>(d)  “Consultant” means a natural person under contract with the Company to provide BONA
FIDE services to the Company which are not in connection with the offer or sale of securities in
a capital-raising transaction and do not directly or indirectly promote or maintain a market for
the Company’s securities.</div>
<br>
<div>  (e)  “Director” means any individual who is a member of the Company’s Board of Directors.</div>
<br>
<div>  (f)  “Eligible Person” means an Employee, Director or Consultant.</div>
<br>
<div>  (g)  “Employee” means any officer or employee of the Company or of one of the Company’s
Subsidiaries. Directors who are not otherwise employed by the Company shall not be considered
Employees under this Plan.</div>
<br>
<div>  (h)  “Employment,” with reference to an Employee, means the condition of being an officer or
employee of the Company or one of its Subsidiaries. “Employment,” with reference to a
Consultant, means the condition of being a Consultant. “Employment,” with reference to a
Director, means the condition of being a Director. The change in status of an Eligible Person
among the categories of Employee, Director and Consultant shall not be deemed a termination of
Employment.</div>
<br>
<div>  (i)  “Participant” means a person who holds an outstanding Award granted under the Plan.</div>
<br>
<div>  (j)  “Plan” means this 2007 Stock Ownership Plan.</div>
<br>
<div>  (k)  “Restricted Stock” means an Award of Stock granted to an Eligible Person pursuant to
Article 6 herein.</div>
<br>
<div>  (l)  “Restriction Period” means the period during which Shares of Restricted Stock are subject
to restrictions or conditions under Article 6.</div>
<br>
<div>  (m)  “Shares” or “Stock” means the shares of common stock of the Company.</div>
<br>
<div>ARTICLE 3. SHARES SUBJECT TO THE PLAN</div>
<br>
<div>  3.1  NUMBER OF SHARES. Subject to adjustment as provided in Section 3.3 herein, the
number of Shares available for grant under the Plan shall not exceed two million (2,000,000)
Shares. The Shares granted under this Plan may be either authorized but unissued or reacquired
Shares.</div>
<br>
<div>  3.2  LAPSED AWARDS. If any Award granted under this Plan is canceled, terminates, expires,
or lapses for any reason, Shares subject to such Award shall be again available for the grant of an
Award under the Plan.</div>
<br>
<div>  3.3  ADJUSTMENTS IN AUTHORIZED PLAN SHARES. In the event of any merger,
reorganization, consolidation, recapitalization, separation, liquidation, Stock dividend, split-up,
Share combination, or other change in the corporate structure of the Company affecting the
Shares, an adjustment shall be made in the number and class of Shares which may be delivered
under the Plan, as may be determined to be appropriate and equitable by the Board of Directors,
in its sole discretion, to prevent dilution or enlargement of rights.</div>
<br>
<div>  No Award may be made under the Plan after December 31, 2008.</div>
<br>
<div>ARTICLE 4. ELIGIBILITY AND PARTICIPATION</div>
<br>
<div>  4.1  ELIGIBILITY. All Eligible Persons are eligible to participate in this Plan.</div>
<br>
<div>  4.2  ACTUAL PARTICIPATION. Subject to the provisions of the Plan, the Board of Directors
may, from time to time, select from all Eligible Persons, those to whom Awards shall be granted
and shall determine the nature and amount of each Award. No Eligible Person is entitled to
receive an Award unless selected by the Board of Directors.</div>
<br>
<div>ARTICLE 5. STOCK GRANT</div>
<br>
<div>  5.1  GRANT OF STOCK. Subject to the terms and provisions of the Plan, the Board of
Directors, at any time and from time to time, may grant Shares of Stock to Eligible Persons in
such amounts and upon such terms and conditions as the Board of Directors shall determine.</div>
<br>
<div>ARTICLE 6. RESTRICTED STOCK</div>
<br>
<div>  6.1  GRANT OF RESTRICTED STOCK. Subject to the terms and provisions of the Plan, the
Board of Directors, at any time and from time to time, may grant Shares of Restricted Stock to
Eligible Persons in such amounts and upon such terms and conditions as the Board of Directors
shall determine.</div>
<br>
<div>  6.2  RESTRICTED STOCK AGREEMENT. The Board of Directors may require, as a
condition to an Award, that a recipient of a Restricted Stock Award enter into a Restricted Stock
Award Agreement, setting forth the terms and conditions of the Award. In lieu of a Restricted
Stock Award Agreement, the Board of Directors may provide the terms and conditions of an
Award in a notice to the Participant of the Award, on the Stock certificate representing the
Restricted Stock, in the resolution approving the Award, or in such other manner as it deems
appropriate.</div>
<br>
<div>  6.3  TRANSFERABILITY. Except as otherwise provided in this Article 6, the Shares of
Restricted Stock granted herein may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated until the end of the applicable Restriction Period established by the
Board of Directors, if any.</div>
<br>
<div>  6.4  OTHER RESTRICTIONS. The Board of Directors may impose such other conditions
and/or restrictions on any Shares of Restricted Stock granted pursuant to the Plan as it may deem
advisable including, without limitation, a requirement that Participants pay a stipulated purchase
price for each Share of Restricted Stock and/or restrictions under applicable Federal or state
securities laws; and may place upon the certificates representing Restricted Stock a legend
giving appropriate notice of such restrictions. The Company shall also have the right to retain the
certificates representing Shares of Restricted Stock in the Company’s possession until such time
as all conditions and/or restrictions applicable to such Shares shall have been satisfied.</div>
<br>
<div>  6.5  REMOVAL OF RESTRICTIONS. Except as otherwise provided in this Article 6, Shares
of Restricted Stock covered by each Restricted Stock grant made under the Plan shall become
freely transferable by the Participant after the last day of the Restriction Period and completion
of all conditions to vesting, if any. However, unless otherwise provided by the Board of
Directors, the Board of Directors, in its sole discretion, shall have the right to immediately waive
all or part of the restrictions and conditions with regard to all or part of the Shares held by any
Participant at any time.</div>
<br>
<div>  6.6  VOTING RIGHTS, DIVIDENDS AND OTHER DISTRIBUTIONS. During the
Restriction Period, Participants holding Shares of Restricted Stock granted hereunder may
exercise full voting rights and shall receive all regular cash dividends paid with respect to such
Shares. Except as provided in the following sentence, in the sole discretion of the Board of
Directors, other cash dividends and other distributions paid to Participants with respect to Shares
of Restricted Stock may be subject to the same restrictions and conditions as the Shares of
Restricted Stock with respect to which they were paid. If any such dividends or distributions are
paid in Shares, the Shares shall be subject to the same restrictions and conditions as the Shares
of Restricted Stock with respect to which they were paid.</div>
<br>
<div>ARTICLE 7. WITHHOLDING</div>
<br>
<div>  7.1  TAX WITHHOLDING. The Company shall deduct or withhold an amount sufficient to
satisfy Federal, state, and local taxes (including the Participant’s employment tax obligations)
required by law to be withheld with respect to any taxable event arising our of or as a result of
this Plan (“Withholding Taxes”).</div>
<br>
<div>  7.2  PAYMENT OF WITHHOLDING. With respect to withholding required upon the lapse of
restrictions on Restricted Stock, or upon any other taxable event hereunder involving the transfer
of Stock to a Participant, the Participant shall be required to remit to the Company an amount in
cash sufficient to satisfy the federal, state and local withholding tax requirements or may direct
the Company to withhold from other amounts payable to the Participant, including salary.</div>
<br>
<div>ARTICLE 8. LEGAL CONSTRUCTION</div>
<br>
<div>  8.1  REQUIREMENTS OF LAW. The granting of Awards and the issuance of Shares under
the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by
any governmental agencies or national securities exchanges as may be required.</div>
<br>
<div>  8.2  GOVERNING LAW. To the extent not preempted by Federal law, the Plan, and all
agreements hereunder, shall be construed in accordance with and governed by the laws of the
State of Delaware.</div>
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