Document:

DATED	
               2006

            

    

     

    
      	(1)  	
              NEWGEN
                TECHNOLOGIES, INC. 

            

    

     

    
      	(2)  	
              
                NEWGEN 
                  FUEL TECHNOLOGIES
                  LIMITED

              

            

    

     

    
      	(3)  	
              A
                G GLOBAL
                PARTNERS LIMITED

            

    

     

    
      	(4)  	
              ALEXANDER
                JAMES GREYSTOKE

            

    

     

    
      	(5)  	
              GEOFFREY
                DAWSON

            

    

     

    
      	(6)  	
              LYANNE
                MILLHOUSE

            

    

     

    

     

    

     

    SETTLEMENT
      DEED

    

     

    REFERENCE
      CMH/1016753

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    

    EXECUTED
      AS A DEED on
                                   
2006

     

    BETWEEN:

     

    
      	(1)  	
              NewGen
                Technologies, Inc. which
                has its registered office at 6000
                Fairview Rd, 12th Floor, Charlotte, NC 28210, United States Of
                America (“NewGen”).

            

    

     

    
      	(2)  	
              NewGen
                Fuel Technologies Limited which
                has its registered office at KSB Law, Elan House, 5 - 11 Fetter Lane,
                London EC4A 1QD (Company Number: 05626514) (the “UK JV
                Company”).

            

    

     

    
      	(3)  	
              A
                G Global Partners Limited which
                has its registered office at 20 - 22 Bedford Row, London WC1R 4JS
                (Company
                Number: 05562440) (“AG Global”).

            

    

     

    
      	(4)  	
              Alexander
                James Greystoke of
                32 Porchester Square, London W2 6AW (“Mr
                Greystoke”).

            

    

     

    
      	(5)  	
              Geoffrey
                Dawson of
                Poughley Cottage, Eastbury, Hungerford, Berkshire RG17 7JN (“Mr
                Dawson”).

            

    

     

    
      	(6)  	
              Lyanne
                Millhouse
                of
                Urbanisation Albatross No. 59, Bloque 7, Campoamor, Orihuela - Costa
                03189
                Spain (“Ms Millhouse”)

            

    

     

    DEFINITIONS
      

     

    In
      this
      Settlement Deed the following terms shall have the following meanings unless
      the
      context requires otherwise:

     

    
      
        
        

      

      
        PAGE
          1

        
          

        

      

      
        
        

      

    

    an
      “affiliate”
in
      relation to NewGen shall mean a subsidiary or holding company of NewGen or
      any
      other subsidiary of such holding company, and shall include without limitation
      Refuel America, Inc.; 

     

    the
      “AG
      Global Claims”
has
      the
      meaning given to it in Recital A; 

     

    the
      “AG
      Global Parties”
means
      all of AG Global, the UK JV Company, Mr Greystoke, Mr Dawson and Ms Millhouse;
      

     

    “Claim”
means
      each and any claim, counter-claim, cause or right of action or proceedings
      whether at law or in equity, of whatsoever nature and howsoever arising in
      any
      jurisdiction whatsoever, whether secured, proprietary, by way of tracing,
      priority or otherwise, whether by way of contribution or subrogation or
      otherwise, whether known or unknown to the parties and whether or not presently
      known to the law, including but not limited to any claims relating to, connected
      with or arising out of the Joint Venture Agreement and/or the Technology Licence
      and Development Agreement;

     

    the
      “Joint
      Venture Agreement”
means
      an agreement of that name dated on or about 2nd December 2005 that it is alleged
      by the AG Global Parties was entered into between NewGen, the UK JV Company
      and
      NewGen, but which NewGen denies has ever come into existence; 

     

    the
      “Technology
      Licence and Development Agreement”
means
      an agreement of that name dated on or about 2nd December 2005 that it is alleged
      by the AG Global Parties was entered into between NewGen, the UK JV Company
      and
      NewGen, but which NewGen denies has ever come into existence; 

     

    the
      “Prohibited
      Names”
means
      “NewGen”; “NewGen Technologies”; “NewGen Fuel Technologies” and “Refuel
      America”; and 

     

    “Working
      Day”
means
      a
      day on which banks are open for business in Charlotte, North Carolina, USA
      and
      London. 

     

    
      
        
        

      

      
        PAGE
          2

        
          

        

      

      
        
        

      

    

    WHEREAS -

     

    
      	(A)  	
              The
                AG Global Parties have asserted claims against NewGen arising out
                of the
                Joint Venture Agreement and the Technology Licence and Development
                Agreement as set out in the letter from Atlantic Law to Richards
                Butler
                dated 12th June 2006 attached at Appendix 1 hereto (the “AG Global
                Claims”). 

            

    

     

    
      	(B)  	
              NewGen
                denies that it has any liability to any of the AG Global Parties
                whether
                in respect of the AG Global Claims or otherwise.
                

            

    

     

    
      	(C)  	
              The
                parties have agreed to settle (a) the AG Global Claims, (b) any other
                Claim that the AG Global Parties may have against NewGen, now or
                in the
                future and (c) any other Claim that NewGen may have against the AG
                Global
                Parties, now or in the future, on the terms of this Settlement Deed.
                

            

    

     

    CONDITIONS
      PRECEDENT

     

    
      	1  	
              This
                Settlement Deed shall only take effect subject to the execution of
                the
                following agreements by all relevant
                parties:

            

    

     

    
      	1.1  	
              the
                Registration Rights Agreement between NewGen and Ms Millhouse in
                the form
                attached at Appendix 2 hereto; 

            

    

     

    
      	1.2  	
              the
                Settlement Agreement and General Release between John King and NewGen
                in
                the form attached at Appendix 3 hereto;
                and

            

    

     

    
      	1.3  	
              the
                Registration Rights Agreement between John King and NewGen in the
                form
                attached at Appendix 4 hereto.

            

    

     

    PAYMENT
      PROVISIONS

     

    
      	2  	
              NewGen
                agrees to pay Mr Greystoke the sum of US$110,000 within 7 Working
                Days of
                each party executing this Settlement Deed. Such payment shall be
                remitted
                in accordance with the instructions provided by Mr Greystoke in the
                form
                attached at Appendix 5 hereto. 

            

    

     

    
      
        
        

      

      
        PAGE
          3

        
          

        

      

      
        
        

      

    

    ISSUE
      OF NEW SHARES TO MR GREYSTOKE 

     

    
      	3  	
              NewGen
                agrees to issue 1,125,000 fully paid up shares of NewGen’s common stock to
                Ms Millhouse, such shares to be issued within 10 Working Days of
                the date
                on which this Settlement Agreement is executed. Mr Greystoke and
                Ms
                Millhouse agree that these shares will be subject to the terms of
                the
                Registration Rights Agreement between NewGen and Ms Millhouse of
                even date
                and each jointly and separately represents and warrants to NewGen
                that
                he/she will perform and/or abide by the terms of that agreement.
                Further,
                Ms Millhouse hereby represents and warrants, in connection with her
                receipt of the shares as provided for by this Settlement Deed, that
                she is
                an “Accredited Investor”, as such term is defined in Rule 501(a) of
                Regulation D under the United States Securities Act of 1933, as amended
                (the "Securities Act"), and that she is acquiring such shares for her
                own account for investment and not with a view to, or for sale in
                connection with, any distribution thereof, and with no present intention
                of distributing or selling the same in violation of the Securities
                Act,
                and she has no present or contemplated agreement, undertaking,
                arrangement, obligation, indebtedness or commitment providing for
                the
                disposition thereof in violation of the Securities
                Act.

            

    

     

    RELEASES

     

    
      	4  	
              The
                parties hereto hereby agree that the terms of compromise reached
                between
                them and recorded in this Settlement Deed constitute a full and final
                settlement and release of 

            

    

     

    
      	4.1  	
              the
                AG Global Claims;

            

    

     

    
      	4.2  	
              any
                Claim by the AG Global Parties against NewGen, its affiliates,
                shareholders, directors, officers, employees, and agents, whether
                current
                or former; and 

            

    

     

    
      	4.3  	
              any
                Claim by NewGen against the AG Global Parties, their affiliates,
                shareholders, directors, officers, employees, and agents, whether
                current
                or former. 

            

    

     

    
      	5  	
              The
                parties further agree that, to the extent that they were previously
                binding upon the parties (which is not admitted by NewGen), the Joint
                Venture Agreement and the Technology and Licence Agreement are hereby
                agreed to be void, without liability to either party. In particular
                (and
                without limitation) the parties agree
                that:-

            

    

     

    
      
        
        

      

      
        PAGE
          4

        
          

        

      

      
        
        

      

    

    
      	5.1  	
              the
                restrictive covenants contained in Clauses 11 of the Joint Venture
                Agreement shall be of no effect;
                and

            

    

     

    
      	5.2  	
              the
                licence of the Licensed Technology (as defined) to the UK JV Company
                as
                provided for by the Technology Licence and Development Agreement
                shall be
                revoked and all rights, title and interest in the Licensed Technology
                shall revert to NewGen absolutely. 

            

    

     

    USE
      OF PROHIBITED NAMES

     

    
      	6  	
              The
                UK JV company warrants to NewGen that within 10 Working Days of the
                execution of this Settlement Deed it shall take all necessary steps
                to
                change its company name to AG Fuel Technologies Ltd. Each of UK JV
                Company
                and AG Global warrants to NewGen that it shall not at any stage adopt
                as
                its company name or trade under any of the Prohibited Names. Each
                of Mr
                Greystoke and Mr Dawson warrants that he shall not trade under any
                of the
                Prohibited Names or act as a director or secretary of any company
                with any
                of the Prohibited Names. 

            

    

     

    NO
      ADMISSION OF LIABILITY

     

    
      	7  	
              The
                AG Global Parties agree and acknowledges that the execution and
                performance of this Settlement Deed is not, and is not to be construed
                as,
                any admission whatsoever of any liability on the part of NewGen in
                relation to the AG Global Claims or
                otherwise.

            

    

     

    WARRANTY
      OF AUTHORITY

     

    
      	8  	
              Each
                party to this Settlement Deed warrants to the other that it has the
                full
                right, power and entitlement to enter into this Settlement Deed without
                further reference to any other person(s). Further, each signatory
                warrants
                and undertakes to the parties to this Settlement Deed that he or
                she has
                full right, power and entitlement to execute this Settlement Deed
                on
                behalf of the party which he or she represents.

            

    

     

    
      
        
        

      

      
        PAGE
          5

        
          

        

      

      
        
        

      

    

    ENTIRE
      AGREEMENT

     

    
      	9  	
              This
                Settlement Deed contains the entire compromise agreement between
                the
                parties to it.

            

    

     

    ASSIGNMENT

     

    
      	10  	
              This
                Settlement Deed is personal to the parties hereto and shall not be
                capable
                of assignment.

            

    

     

    CONFIDENTIALITY

     

    
      	11  	 

    

     

    
      	11.1  	
              The
                parties hereto agree that the terms of this Settlement Deed, drafts
                of it
                and the discussions leading to the terms set out herein, shall be
                and
                shall remain confidential to the parties (including their representatives,
                parent and group entities) and their respective legal, accounting
                and
                financial advisers, save to the extent that disclosure may be compelled
                by
                applicable law, Court Order, regulatory body or by mutual consent
                given in
                writing (such consent not to be unreasonably withheld). NewGen shall
                in
                any event be entitled to disclose the existence and terms of this
                Settlement Agreement to (a) the US Securities and Exchange Commission
                and
                (b) to any third party in the context of negotiations relating to
                the
                provision of additional funding to NewGen by such third party.
                

            

    

     

    
      	11.2  	
              Within
                10 Working Days of the execution of this Settlement Deed, NewGen
                shall
                issue a press release, which shall include the wording set out in
                Appendix
                6 to this Agreement.

            

    

     

    SUCCESSORS
      AND ASSIGNS

     

    
      	12  	
              This
                Settlement Agreement shall be binding upon each of the parties and
                their
                successors in title and assigns. 

            

    

     

    
      
        
        

      

      
        PAGE
          6

        
          

        

      

      
        
        

      

    

    GOVERNING
      LAW

     

    
      	13  	
              This
                Settlement Deed shall be governed by and construed in all respects
                in
                accordance with the laws of
                England.

            

    

     

    JURISDICTION 

     

    
      	14  	
              The
                parties to this Settlement Deed irrevocable submit to the exclusive
                jurisdiction of the Courts of England in respect of all and any disputes
                arising out of or in connection with this Settlement Deed.
                

            

    

     

    SEVERABILITY

     

    
      	15  	
              The
                illegality, invalidity or unenforceability of any provision of this
                Settlement Deed shall not affect the legality, validity or enforceability
                of any other provision. 

            

    

     

    COUNTERPARTS

     

    
      	16  	
              This
                Settlement Deed may be executed in a number of counterparts and shall
                come
                into force once each party has executed such a counterpart in identical
                form and exchanged the same with the other
                party.

            

    

     

    EXECUTION
      AS A DEED 

     

    In
      Witness whereof
      the parties hereunto have executed and delivered this document as a Deed the
      day
      and year first above written.

     

    
      
        
        

      

      
        PAGE
          7

        
          

        

      

      
        
        

      

    

     

    Executed
      as a
Deed
      and
delivered
      by           

    NewGen
      Technologies, Inc.      

    

    /s/
      Bruce
      Wunner

    ...................................................................

    Director

    

    /s/
      Michael F. D’Onofrio

    ....................................................................
      

    Director

    Executed
      as a
Deed
      and
delivered
      by 

    NewGen
      Fuel Technologies
      Limited                 

    /s/
      Alexander James Greystoke

    ...................................................................

    Director

    

    /s/
      Lyanne Millhouse

    ....................................................................
      

    Director

    Executed
      as a
Deed
      and
delivered
      by                     

    A
      G Global Partners
      Limited                                       

    /s/
      Alexander James Greystoke

    ...................................................................

    Director

    

    /s/
      Lyanne Millhouse

    ....................................................................
      

    Director

    Signed
      as a
Deed
      by
Alexander
      James     

    Greystoke
      in
      the
      presence
      of                                         

    [                
      ]                                          

    /s/
      Armstrong
      Masara                                                              
/s/
      Alexander James Greystoke

    ...................................................................                                  
      ...................................................................

    SIGNATURE
      OF
      WITNESS                                                    
Alexander
      James Greystoke

    [NAME,
      ADDRESS AND 

    OCCUPATION
      OF WITNESS]

    Armstrong
      Masara

    The
      Colonnades 

    34
      Porchester Square

    Porter

    

    

    
      
        
        

      

      
        PAGE
          8

        
          

        

      

      
        
        

      

    

    

    

    

    Signed
      as a
Deed
      by
Geoffrey
      Dawson               

    in
      the
      presence of [
      ]                                             

    /s/
      Ayles
      Thornely                    /s/
      Geoffrey Dawson

    ...................................................................         
...................................................................

    SIGNATURE
      OF
      WITNESS                                           
Geoffrey
      Dawson

    [NAME,
      ADDRESS AND 

    OCCUPATION
      OF WITNESS]

    Ayles
      Thornely

    210
      Lakeside Drive 

    Basalt,
      Colorado 81621, USA

    Landscape
      Architect

     

    

    Signed
      as a
Deed
      by
Lyanne
      Millhouse 

    in
      the
      presence of
      [                           
 ] 

     

    /s/
      Marish
      Kumar                                                            
/s/
      Lyanne Millhouse

    ...................................................................                        
      ...................................................................

    SIGNATURE
      OF
      WITNESS                                          
Lyanne
      Millhouse

    [NAME,
      ADDRESS AND 

    OCCUPATION
      OF WITNESS]

    Pharmacist

    Mr.
      Marish Kumar

    Colonnades
      Pharmacy

    30
      Porchester Road

    London

    W2
      6ES

     

    
      
        
        

      

      
        PAGE
          9Unassociated Document

    Employment
      Agreement - David Stocknoff

    

    This
      agreement made this 14th day of July, 2006, by and between David Stocknoff,
      (hereinafter referred to as the “employee”) and Diet Coffee, Inc., (hereinafter
      referred to as the “Company

     

    Whereas,
      the parties have agreed to enter into an employer-employee relationship, and
      wish to memorialize the terms and conditions of said relationship, it is hereby
      agreed as follows:

     

    1.
      The employee shall commence employment with the Company on December 19, 2005,
      as
      President of the Company.

     

    2.
      Employee shall perform all duties commonly associated with the position of
      President in a competent; honest and professional manner, and shall devote
      his
      full time and attention to the duties and responsibilities of said
      position.

     

    3.
      The salary paid to employee shall be -
      $2019.23payable
      weekly. 

    

    4.
      The following additional terms of employment shall apply:

     

    a.)Medical
      Insurance under the plan currently adopted (or as from time to time may be
      adopted) by the Company for the benefits of its employees and their families.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    b).
      Vacation: up to two weeks per year, calculated at the rate of one day of
      vacation earned for every eighteen days for which employee is paid pursuant
      to
      paragraph 3 above, fully paid, together with major holidays, as defined by
      the
      Company policy.

     

    c.)
      The terms and conditions of the Company policy for sick leave; personal days
      and
      the like.

     

    d).)
      In the event the company shall adopt a 401 (k); Section 125 Plan; or their
      equivalent, the Employee shall become immediately eligible for participation,
      to
      the extent consistent with law or governmental regulation.

     

    e).
      In the event the company shall become publicly traded, Employee shall receive
      stock options in accord with the terms adopted by the company for senior
      management employees. The parties acknowledge that employee is currently the
      owner of 2,500,000 shares of the Company.

     

    f).
      Termination: The Company may terminate this agreement at any time. However,
      upon
      such termination, employee shall retain all stock and vested options in shares
      of the company than owned by him, and shall receive one month severance pay
      for
      every year of employment, not to exceed six months, nor to be less than one
      month.

     

    g).
      Bonus: The parties shall target an annual bonus based upon specific performance
      criteria which the parties shall from time to time agree
      to.

     

    6.
      The parties agree and acknowledge that the nature of the employer's business
      is
      such that in the course of the work, labor and services provided to the Company
      by the employee, of necessity, certain customer lists; purchasing and trade
      practices, strategies; financial information and general business practices
      of
      the Company will become known to the Employee, therefore it is agreed as
      follows, to the extent Employee obtains such knowledge or information while
      employed by the Company:

     

    a)
      The Employee hereby agrees that the Employee will not reveal to anyone after
      the
      Employee resigns or departs from the Company, whether
      by resignation or discharge, any information whatsoever obtained in the course
      of his employment relating to any aspect  whatsoever
      of the Employer's business, or strategies decision making process, finances,
      customers, sources or related information, to any other person, company, entity
      group  or
      individual.

     

    b)
      The Employee shall keep confidential any and all information obtained in the
      course of employment about the Company, its affairs, relationships to actual
      or
      potential customers, and the needs and  requirements
      of any such actual or potential customers, and shall not directly or indirectly
      reveal any fact about employers, its business practices, finances, pricing;
      customers or the like.

     

    c)
      The employee shall not, for a period of two years after his termination as
      an
      employee of the Company, for any reason whatsoever, compete, directly or
      indirectly with the Company, or be employed by any person or entity who so
      competes.

     

    7.
      This agreement shall be governed by the laws of the State of New York, without
      regard to conflict of laws, and any action for the enforcement or breach of
      this
      agreement may be brought solely in the Supreme Court of the State of New York,
      County of New York.

     

    
      	David
              Stocknoff 	 	 	Diet
              Coffee, Inc
	 	 	 	By:
	/s/ David Stocknoff 	 	 	/s/ David Attarian

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