Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - MGN Technologies, Inc. - Exhibit 10.1

DEBT SETTLEMENT LETTER 

THIS DEBT SETTLEMENT AGREEMENT (hereinafter referred to as the
"Agreement"), dated as of the June 6, 2007, is entered into by and between MGN
Technologies, Inc., a corporation authorized and existing pursuant to the laws
of the Province of British Columbia (the "Corporation"), and the creditor
<>, a corporation in British Columbia (the "Creditor"). 

     WHEREAS, the Corporation owes the
Creditor a debt in the amount of $ <> (the “Indebtedness”); and 

WHEREAS, the Creditor has made a demand for payment; and 

     WHEREAS, the Corporation and the
Creditor desire to resolve the debt between them and to fully and finally settle
the subject matter of the aforementioned debt and all claims which could be made
in connection therewith, with no party admitting any liability to the other
party, other than for the obligations agreed to under this Agreement. 

     NOW THEREFORE, in consideration
of the mutual promises and covenants contained herein, the Corporation and the
Creditor hereby agree as follows: 

1. SETTLEMENT AMOUNT. As repayment in full of the Indebtedness
and any accrued interest, fees or penalties, the Corporation will issue to the
Creditor an aggregate of <> common shares (the “Shares”) in the capital
stock of MGN Technologies, Inc., a British Columbia whose shares are publicly
traded on the National Association of Securities Dealers’ Over the Counter
Bulletin Board Service (NASD OTC:BB) under the trading symbol MGNLF.OB. These
shares will be restricted shares and will bear the appropriate restrictive
legend. However, subject to receiving written permission from the Company’s
primary financial partner, the Corporation will provide the Creditor the
registration rights (“Piggyback Rights”) with respect to the Shares provided for
in Section 5 of this Agreement. In order to confirm compliance with exemptions
from the registration requirements of the United States Securities Act of 1933
(the “Securities Act”) and other applicable securities laws, the Creditor will,
as a condition of issuance of the Shares in the name of the Creditor, execute
and deliver to the Corporation the attached form of Investment Agreement. 

2. RELEASE BY CREDITOR. Upon issuance of the Shares in the name
of the Creditor, the Indebtedness and any accrued interest, fees or penalties
will be deemed to have been repaid in full by the Corporation and the Creditor
does hereby fully and forever remise, release and discharge, and by these
presents, does for its agents, servants, past, present or future officers,
shareholders, directors, employees, attorneys, representatives, parents,
subsidiaries, subdivision, affiliated or related entities, affiliates,
executors, administrators, predecessors, successors and assigns, remise, release
and discharge the Corporation and any of its agents, servants, past, present or
future officers, shareholders, directors, employees, attorneys, representatives,
parents, subsidiaries, subdivision, affiliated or related entities, affiliates,
executors, administrators, predecessors, successors and assigns, from any and
all actions, causes of action, suits, debts, dues, sums of money, interest,
penalties, accounts, reckonings, bonds, bills, specialties, covenants,
contracts, controversies, agreements, promises, variances, trespasses, damages,
judgments, extents, executions, claims and 

1 

demands whatsoever in law or in equity, under federal or state
constitutions, statutes, laws, ordinances or regulations, or under common law,
whether known or unknown, foreseen or unforeseen, which the Creditor ever had,
has or could have against the Corporation in connection with the subject matter
relating to the aforementioned debt, but does not release the Corporation from
claims arising from a breach of this Agreement. 

3. EFFECTIVE TIME OF RELEASES. The releases described above
shall become effective immediately upon the delivery by the Corporation to the
Creditor of the Shares registered in the name of the Creditor. 

4. REGISTRATION RIGHTS. If the Corporation proposes to file a
registration statement under the Securities Act with respect to an offering for
its own account of any class of its equity securities (other than a registration
statement on Form S-8 (or any successor form) or any other registration
statement relating solely to employee benefit plans or filed in connection with
an exchange offer, a transaction to which Rule 145 (or any successor provision)
under the Securities Act applies or an offering of securities solely to the
Corporation's existing shareholders), then the Corporation shall in each case
give written notice of such proposed filing to the Holder as soon as practicable
(but no later than 10 business days) before the anticipated filing date, and
such notice shall offer each Holder the opportunity to register such number of
shares of Restricted Stock as such Holder may request and as the Corporation
deems available. Each Holder desiring to have Restricted Stock included in such
registration statement shall so advise the Corporation in writing within 10
business days after the date on which the Corporation's notice is so given,
setting forth the number of shares of Restricted Stock for which registration is
requested. In considering the number of shares available, the Corporation may
consider the rules and policies of the Commission with respect to the limitation
of the number of shares that may be registered in offerings pursuant to Rule 415
of the Securities Act. 

5. REGISTRATION EXPENSES. All Registration Expenses incident to
the Corporation's performance of or compliance with this Agreement will be borne
by the Corporation.

6. EXISTENCE AND RIGHTS. The Corporation is a corporation duly
organized, validly existing and in good standing under the laws of the Province
of British Columbia. The Corporation has all requisite corporate power and
authority, to carry on its business and to own and use the properties owned and
used by it. The Corporation is qualified to conduct business and is in good
standing under the laws of each jurisdiction wherein the nature of its business
or its ownership of property requires it to be so qualified, except where the
failure to be so qualified, would not individually or in the aggregate, have a
material adverse effect on the assets or business of the Corporation.

7. CORPORATE AUTHORIZATION. Pursuant to a credit facility
agreement with Androgas Property, SA, the Corporation has to obtain approval for
any registrations from Androgas Property. The Corporation will take all
corporate action, necessary to execute, deliver and perform this Agreement.
Before a registration will occur, signed approval from Androgas Property, SA
will be required. 

2 

8. NO CONFLICT. The execution, delivery and performance of this
Agreement and of the related documents by the Corporation will not violate any
provision of the Corporation's Notice of Articles or Articles; or violate any
law or rule or regulation of any administrative agency or governmental body; or
any order, writ, injunction or decree of any court, arbiter, administrative
agency or governmental authority having jurisdiction over the Corporation; or
violate any indenture, mortgage, contract, will, agreement or other undertaking
to which the Corporation is a party or is subject, or result in the creation or
imposition of any lien or encumbrance on any of the properties of the
Corporation under any of the foregoing. 

9. NOTICES. Any notice or other communication required or
permitted hereunder shall be deemed given if in writing and delivered
personally, telegraphed, telexed, sent by facsimile transmission or sent by
certified, registered or express mail, postage prepaid. Any such notice shall be
deemed given when so delivered personally or sent by overnight air courier or
facsimile transmission or, if mailed, two days after the date of deposit in the
United States mails, as follows: 

	 	If to Creditor: 
	 	 	  
	 	 	<> 
	 	 	Creditor’s Address 
	 	 	City, State, Zip Code 
	 	 	  
	 	 	  
	 	If to MGN Technologies,
      Inc.: 
	 	 	  
	 	 	MGN Technologies Inc. 
	 	 	12-1730 Broadway St., 
	 	 	Port Coquitlam, B.C. V3C 2M8

10. LAW GOVERNING AGREEMENT. This Agreement is made and entered
into and is to be at least partially performed in Vancouver, British Columbia.
It shall be interpreted, construed and enforced and its construction and
performance shall be governed by the laws of the Province of British Columbia
applicable to Agreements made and to be performed entirely within such Province
without regard to principles of conflicts of laws, except to the extent that
Canadian Federal and U.S. Federal law may apply. 

     IN WITNESS WHEREOF, the
undersigned have executed this Agreement on the date first set forth
hereinabove, as evidenced by their respective signatures below. 

	 	 	 
	MGN Technologies, Inc. 	 	Date 

3 

	 	 	 
	<>, Creditor 	 	Date 

4Unassociated Document

    COAL
      LEASE

    Made
      and
      executed as of July 11, 2007, by and between Ronald A. Mancabelli,
of  and Margery S. Mancabelli, of 205
      Stewart Street, Saltsburg, PA  15681 (“Lessors”), and One
      World Energy Corporation, a Nevada corporation, having offices in
      Henderson, Nevada (“Lessee”).

    WHEREAS,
      Lessors are the owners of  certain pieces, parcels or tracts of land
      (“the premises”), containing approximately 86.64 acres in two contiguous
      parcels, located in Conemaugh Township, Indiana County, Pennsylvania, more
      fully
      described on Exhibit A attached hereto and made part hereof; and

    WHEREAS,
      Lessors desire to lease and demise the premises to Lessee, and Lessee desires
      to
      take and hire same from Lessors, for the purpose of mining and removing coal
      of
      the Pittsburgh and Redstone seams or veins of coal by the strip mining
      method.

    NOW,
      THIS COAL LEASE (“this Lease”), WITNESSETH, that Lessors and Lessee
      hereby covenant and agree as follows:

    Article
      I

    Grant
      - Term

    1.01.  Lessors
      hereby lease and demise unto Lessee, and Lessee hereby takes and hires from
      Lessors, for the sole purpose of mining and removing coal of the Pittsburgh,
      and
      Redstone seams or veins of coal by the strip mining method, the premises, being
      those certain pieces, parcels or tracts of land located in in Conemaugh
      Township, Indiana County, , more particularly described on Exhibit A attached
      hereto and made part hereof.

    1.02.  This
      Lease shall commence on the date first above written, and, unless sooner
      terminated pursuant to any provision hereof, shall remain in force for three
      years or until the announced exhaustion of all coal of the Pittsburgh, and
      Redstone seams or veins underlying the premises which are commercially mineable
      by the strip mining method.

    Article
      II

    Production
      Royalties

    2.01.  As
      royalty for the coal mined and produced hereunder, Lessee shall pay unto Lessors
      the sum equal to the greater of (i) ten percent (10%) of the selling price
      of
      the coal, fob pit, received by Lessee in an arms’ length sale of the coal, or
      (ii) two dollars ($2.00) per net ton of coal mined and
      produced.  Provided, however, that if Lessee disposes of the coal
      other than in an arms’ length sale, i.e., by selling it to a related
      person or entity, the royalty shall be the sum equal to the greater of (i)
      ten
      percent (10%) of the market value of the coal, fob pit (i.e., the
      price, fob pit, for which the coal would be sold between unrelated parties
      in
      the location of the premises, or (ii) two dollars and ten cents ($2.10) per
      net
      ton of coal mined and produced.

    2.02.  Lessee
      shall pay all production royalties on or before the 25th day of
      the
      calendar month following the month in which the coal for which payment is made
      is produced.  Payment shall be made by check directed to Lessors at
      the address set forth in Paragraph 8.03.

    2.03.  In
      order that Lessors may determine that they have been paid all production
      royalties to which they are entitled under the terms hereof, Lessee agrees
      to
      keep full and accurate records, including books of account, weigh bills and
      invoices to purchasers of coal mined and produced hereunder, which fully
      disclose the tonnage of coal mined and produced, and the purchase price received
      by Lessee therefor.  Such records shall be available for inspection by
      Lessors or Lessors’ duly authorized agent during regular business hours upon 5
      days’ notice from Lessors that they desire to make such an
      inspection.

    Article
      III

    Advance
      and Minimum Royalties

    3.01.  Upon
      the signing of this Lessee shall pay unto Lessors an advance royalty in the
      amount of three thousand dollars, which Lessee shall pay unto Lessors within
      sixty days from the signing of this contract, and 2500 restricted shares of
      Inform Worldwide Holdings.

    3.02.  Beginning
      on July 11, 2008, and thereafter on the first day of each and every calendar
      month thereafter so long as this Lease remains in effect, Lessee shall pay
      unto
      Lessors a monthly minimum royalty in the amount of twenty five dollars
      ($25.00).

    3.03.  Lessee
      shall be entitled to a credit against the production royalties due Lessors
      pursuant to Paragraph 2.01 for the advance royalty paid pursuant to Paragraph
      3.01 and all minimum royalties previously paid pursuant to Paragraph
      3.02.  When Lessee establishes production, and a production royalty is
      due Lessors pursuant to Paragraph 2.01, Lessee shall be entitled to take as
      a
      credit against payment of the production royalty all sums previously paid and
      accumulated as set forth in the preceding sentence.  In the event the
      amount of the production royalty does not fully absorb all sums previously
      paid
      and accumulated, Lessee may carry forward any unused credit for advance and
      minimum royalties to be applied on the next date at which a production royalty
      is due.  Provided, however, that Lessee shall nevertheless be required
      to make the monthly minimum royalty payment provided in Paragraph 3.02 on the
      first day of each and every subsequent calendar month regardless of whether
      Lessee has to its credit sums previously paid and accumulated; it being the
      intent of this sentence that, beginning with July 11, 2008, Lessors shall
      receive a minimum payment of twenty five dollars ($25.00) per month so long
      as
      this Lease remains in effect.

    Article
      IV

    Permitting
      Requirements - Compliance with Law

    4.01.  Lessee
      shall be responsible, at its sole cost and expense, to apply for and procure
      all
      licenses and permits required by the United States of America, the Commonwealth
      of Pennsylvania, and any local governmental unit, in connection with the mining
      and stripping operations which the parties intend for Lessee to conduct upon
      the
      premises.  Lessee shall be further responsible to acquire all
      necessary bonds required by the United States of America, the Commonwealth
      of
      Pennsylvania, and any local governmental unit, in connection with Lessee’s use
      of any public road, highway or infrastructure.  Lessors agree to
      execute any consents which Lessee may require in connection with any license
      or
      permit application, including but not limited to the Supplemental C normally
      required by the Commonwealth of Pennsylvania, Department of Environmental
      Protection.

    4.02.  Lessee
      agrees to conduct its operations upon the premises in compliance with all
      applicable laws, ordinances, rules and regulations of the United States of
      America, the Commonwealth of Pennsylvania and any local government unit having
      jurisdiction over the premises.  Lessee further agrees to indemnify
      Lessors, and to hold Lessors and their heirs, executors, administrators and
      assigns fully harmless of and from any liability for such violation and of
      and
      from any fine, penalty or cost associated therewith.  Nothing herein
      contained shall preclude Lessee from challenging the validity or applicability
      of any such law, ordinance, rule or regulation before any court or tribunal
      having jurisdiction of such contest, provided that Lessee (i) pays all cost,
      expenses, filing fees and attorney and expert witness fees associated with
      such
      contest, (ii) abides by the final judgment of such court or tribunal unless
      Lessee takes a timely appeal therefrom, and (iii) continues to indemnify Lessors
      and hold Lessors harmless hereunder.

    4.03.  Following
      the completion of Lessee’s stripping operations under this Lease, Lessee agrees
      to backfill, restore and replant the premises in accordance with all laws,
      ordinances, rules and regulations of the United States of America, the
      Commonwealth of Pennsylvania and any local government unit having jurisdiction
      over the premises.  In order to enable Lessee to fulfill this
      obligation, Lessors agree to grant unto Lessee such rights of ingress, egress
      and regress in, across and from the premises as Lessee may require. Lessor
      owns
      and operate a tree farm. Any haul road that crosses through the tree farm must
      be kept in good operational condition while used by Lessee, at the cost of
      Lessee.

    Article
      V

    Insurance
      - Indemnification

    5.01.  Lessee
      shall, at its sole cost and expense, maintain public liability and property
      damage insurance, which shall include motor vehicle liability, which shall
      insure against any liability to any person, partnership, firm, corporation
      or
      entity, public or private, arising from any activity conducted or condition
      or
      use maintained by Lessee under this Lease.  Such insurance shall have
      minimum limits in the amount of one million dollars ($1,000,000.00), and shall
      name Lessors as additional insureds as their interest may
      appear.  Prior to entering upon the premises pursuant to this Lease,
      Lessee shall provide Lessors with a certificate from the insurer that the
      insurance required by this Paragraph is in effect, which certificate shall
      require not less than thirty (30) days’ notice to Lessors in the event of change
      or cancellation of the coverage.

    5.02.  Lessee
      shall, at its sole cost and expense, maintain appropriate workers’ compensation,
      unemployment compensation, Black Lung and other occupational disease insurance
      covering all employees engaged in any activities connected with this
      Lease.  Prior to entering upon the premises pursuant to this Lease,
      Lessee shall provide Lessors with a certificate from the insurer that the
      insurance required by this Paragraph is in effect, which certificate shall
      require not less than thirty (30) days’ notice to Lessors in the event of change
      or cancellation of the coverage.

    5.03.  Lessee
      agrees to indemnify Lessors, and to hold Lessors and their heirs, executors,
      administrators and assigns fully harmless of and from any liability to any
      person, partnership, firm, corporation or entity, public or private, arising
      from any activity conducted or condition or use maintained by Lessee upon the
      premises or under this Lease, regardless of whether Lessee is negligent or
      otherwise at fault in causing such injury or damage.

    Article
      VI

    Default
      - Lessors’ Remedies

    6.01.  The
      following shall be acts of default by Lessee hereunder:

    (a)
      Failure to pay when due any advance, minimum or production royalty due pursuant
      to Articles II and III,

    (b)
      Failure to maintain insurance as required by Paragraphs 5.01 and
      5.02,

    (c)
      Violation by Lessee, in connection with its activities upon the premises, of
      any
      applicable federal, state or local law, ordinance, rule or
      regulation.

    6.02.  In
      the event Lessee commits an act of default as defined in Paragraph 6.01, Lessors
      may give Lessee notice, directed to the Lessee’s address set forth in Paragraph
      8.03, specifying the particulars of the default.  Lessee shall fully
      correct and remedy the default within thirty (30) days of receipt of the
      notice.

    6.03.  If,
      following receipt of notice of a default, Lessee fails to fully correct and
      remedy the default within the time provided in Paragraph 6.02, Lessors may
      avail
      themselves of the following remedies:

    (a)
      Bring
      an action in any court of competent jurisdiction to recover a money judgment
      for
      any monies owed Lessors by Lessee hereunder, and

    (b)
      Declare this Lease to be terminated and, upon an additional thirty (30) days’
notice to Lessee, bring an action in ejectment in the Court of Common Pleas
      of
      Indiana County, Pennsylvania, to obtain judgment in ejectment and to recover
      possession of the premises.

    The
      use
      of either of the remedies set forth in subparagraphs (a) and (b) shall not
      be
      deemed an election of remedies, and shall not preclude Lessors from also using
      the other remedy.

    Article
      VII

    Assignment
      - Subletting

    7.01.  Lessee
      shall not assign this Lease, nor sublet the premises or any part thereof,
      without first having received the written consent of Lessors, which consent
      Lessors shall not unreasonably withhold.

    Article
      VIII

    Miscellaneous

    8.01.  This
      Lease shall be governed and construed in accordance with the law of the
      Commonwealth of Pennsylvania.

    8.02.  This
      Lease may be executed in multiple copies, each of which shall have the effect
      of
      an original and all of which together shall be considered the same
      instrument.

    8.03.  Notices
      required to be given by one party to the other shall be given by first class
      mail, postage prepaid, addressed as f ollows:

    To
      Lessors at:

    Ronald
      A
      Mancabelli and Margery S. Mancabelli

    205
      Stewart Street, Saltsburg, PA  15681

    

    To
      Lessee
      at:

    One
      World
      Energy Corporation

    2501
      North Green Valley
      Parkway

    Suite
      110

    Henderson,
      Nevada, 89014

    

    8.04.  This
      Lease shall not be recorded in the Office of the Recorder of Deeds of Indiana
      County, Pennsylvania, nor in any other office of public record.  The
      parties shall execute, and Lessee may record, a memorandum containing only
      the
      information specified at 21 P.S. Section 405.

    8.05.  Each
      party has had independent legal representation in the negotiation, drafting
      and
      execution of this Lease.  No inference or presumption shall exist in
      favor of or against either party as a result of that party’s attorney’s role in
      the drafting of this Lease.

    8.06.  This
      Lease shall be binding upon, and its benefits shall inure to, the heirs,
      executors, administrators, successors and assigns of Lessors and Lessee;
      provided, however, that this provision shall not be deemed to permit Lessee
      to
      assign this Lease nor sublet the premises in contravention of Paragraph
      7.01.

    8.07                      Any
      marketable timber or firewood encountered by leasee while in the process of
      strip mining (as approved by Lessor) will be paid for as follows; with 50/50
      division on net proceeds from the sales price of timber at the mining site,
      firewood would have 75% of proceeds from final sale at mine to One World Energy
      Corporation, with the remainder to the Lessors.

    INTENDING
      TO BE LEGALLY BOUND, Lessors and Lessee have signed this Lease this day
      and year first above written.

    ___/s/
      Ronald A Mancabelli___

    Ronald
      A Mancabelli

    

    ___/s/
      Margery S. Mancabelli__

    Margery
      S Mancabelli

    

    

    One
      World Energy Corporation

    

    By___/s/
      Ash Mascarenhas________

    Ash
      Mascarenhas

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