Document:

CONSULTING
      AGREEMENT

    

    CONSULTING
      AGREEMENT
      dated as
      of January 9, 2007, by and between American
      Basketball Association. (“ABA”), a
      Utah
      corporation with offices at 9421Holliday Drive, Indianapolis, IN and
 CONSULTANT,
      Cioffi
      Business Management Services
      (“CONSULTANT”)
      with
      offices at 31 West Main Street, Suite 312, Patchogue, NY 11772.

     

    WITNESSETH:

     

    WHEREAS,
      ABA
      and
      the
CONSULTANT
      wish to
      enter into an agreement where ABA
      desires
      to retain the CONSULTANT
      as a
CONSULTANT
      and
CONSULTANT
      desires
      to act as a CONSULTANT
      to
ABA,
      subject
      to and upon the terms and conditions set forth herein.

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and the mutual covenants and agreements set
      forth
      herein, the parties hereto agree as follows:

     

    
      	
              1.

            	
              Consultancy.
                ABA
                hereby
                retains CONSULTANT
                and CONSULTANT
                hereby agrees to act as a CONSULTANT
                to
                ABA.
                CONSULTANT
                shall perform such services for ABA
                as
                agreed with the Board of Directors of ABA
                from
                time to time (the “Consulting
                Services”)
                including, but not limited to, the services specified in Appendix
                A to
                this agreement. CONSULTANT
                agrees to cause Darren J. Cioffi to perform the Consulting Services
                on
                behalf of the CONSULTANT.
                The CONSULTANT
                shall exercise its own reasonable judgment and employ such means
                as it, in
                good faith, determines are reasonable in performing the Consulting
                Services, and ABA
                will
                not exercise any control over the methods or means employed by the
                CONSULTANT
                in
                performing the Consulting Services. The Consulting Services shall
                be
                performed at such times and at such locations as CONSULTANT
                shall determine.

            

    

     

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
         

        
          

        

      

      
         

      

       

    

    
      	
              2.

            	
              Independent
                Contract or Status.
                It is understood and agreed that in the performance of the Consulting
                Services by the CONSULTANT
                hereunder, it is acting as an independent contractor and not in any
                way as
                an employee or agent of ABA.
                The CONSULTANT
                will determine the hours of work of its employees and the CONSULTANT’s
                employees are not required to work any specified number of hours
                in any
                week. Any time off, including weekends and vacation, will be solely
                and
                entirely at the discretion of the CONSULTANT.
                The CONSULTANT
                may be required upon request of the Board to submit to ABA
                written
                or oral reports regarding its activities. Employees of the CONSULTANT
                and others retained by the CONSULTANT
                are not employees of ABA
                for
                purposes of worker’s compensation, unemployment insurance, medical;
                disability and group life insurance and they are not eligible to
                participate in any welfare, pension, profit sharing or fringe benefit
                plan
                or arrangement of ABA.

            

    

     

    
      	
              3.

            	
              Consulting
                Fees.
                During the Term, as full compensation for the Consulting Services,
                ABA
                shall
                pay to the CONSULTANT
                a
                consulting fee as described in Appendix A to this document. In addition
                to
                the Base Fee, the CONSULTANT
                shall be paid such additional compensation as shall be determined
                from
                time to time by the Board of Directors of ABA
                and
                approved by the Board of Directors of ABA
                as
                provided for in Appendix A. It is understood that ABA
                will
                not withhold any income taxes, unemployment taxes or other taxes
                and that
                the CONSULTANT
                is
                solely responsible for paying and reporting all taxes, including
                income
                taxes and estimates thereof for itself and all employees, agents
                or
                contractors. ABA
                will
                report to the appropriate tax authorities the amounts paid to the
                CONSULTANT
                and, even though the CONSULTANT
                is
                an independent contractor, if ABA
                is
                required by law, or is advised by its accountants or attorneys that
                it is
                required by law to deduct for withholding, or other taxes, it shall
                be
                free to do so, which taxes if not previously deducted shall be reclaimable
                from the CONSULTANT.

            

    

     

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          2

        
          

        

      

      
         

      

       

    

    
      	
              4.

            	
              Expenses.
                In addition to the consulting fees provided for in Section 3 above,
                ABA
                shall
                reimburse the CONSULTANT
                for reasonable costs and expenses incurred by the CONSULTANT
                in
                performing the Consulting Services, subject to review by the Board
                of
                Directors of ABA
                or
                a senior officer of ABA
                designated
                by the Board of Directors of ABA.

            

    

     

    
      	
              5.

            	
              Use
                of ABA’s Facilities.
                Employees of the CONSULTANT
                are not required to use the office facilities of ABA
                in
                performing the Consulting Services hereunder.

            

    

     

    
      	
              6.

            	
              Term.
                The term of this Agreement shall commence as of December 21, 2006
                and
                shall continue for a period of twelve (12) months (the “Term”).
                At the option of the CONSULTANT
                and
                in agreement with ABA,
                exercisable by written notice delivered by the CONSULTANT
                to
                ABA
                not
                less than thirty (30) days prior to the end of the Initial Term,
                this
                Agreement shall be renewed for an additional three (3) months (the
                “Renewal
                Term”).

            

    

    

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          3

        
          

        

      

      
         

      

    

    

    
      	
              7.

            	
              Termination.
                

            

    

    

    
      	8.1	
              ABA
                may
                terminate this Agreement, at any time, upon thirty (30) days written
                notice, to CONSULTANT
                for any reason whatsoever.

            

    

    

    
      	8.2	
              Upon
                termination CONSULTANT
                shall cease all provision of services and no invoice shall be made
                for
                services performed after notice of suspension or termination. Upon
                termination, for any reason except breach of this agreement by
                CONSULTANT,
                of this Agreement or a portion of the services covered hereunder,
                ABA
                shall
                pay to CONSULTANT
                an
                amount equal to the Severance Amount as provided in Section 9 of
                this
                Agreement.

            

    

    

    
      	8.3	
              Termination
                of this Agreement or a portion of any services hereunder except for
                breach
                of this agreement by CONSULTANT
                shall not prejudice or affect the rights or remedies of either
                ABA
                or
                CONSULTANT
                against the other in respect of any breach of the Agreement which
                occurred
                before the effective date of termination and shall not prejudice
                the
                rights and remedies of CONSULTANT
                in
                respect of any sum or sums of money owed or owing from ABA.

            

    

     

    
      	
              8.

            	
              Severance
                Payment.
                Upon termination of this Agreement by ABA
                or
                a change in control of ABA,
                in addition to earned but unpaid Consulting Fees payable in accordance
                with Section 3, ABA
                shall
                pay to CONSULTANT
                severance as identified in Appendix A.

            

    

     

    
      	
              9.

            	
              Disclaimers
                and Limitations of Liability.
                It
                is expressly understood and agreed that ABA
                shall
                NOT be responsible nor liable for any loss, damage, penalty, or the
                like,
                financial or otherwise, caused by: 

            

    

     

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          4

        
          

        

      

      
         

      

       

    

    (i) failure
      by any CONSULTANT,
      advisor, contractor, supplier, or any other persons, individuals or firms NOT
      employed by ABA
      to
      discharge its contractual obligations; or

     

    (ii) any
      delay, modification, or suspension of the time schedule for performing the
      services hereunder whether agreed or not agreed with CONSULTANT,
      which
      is NOT the responsibility of ABA,
      its
      agents, or CONSULTANTs;
      or

     

    (iii)
      any
      negligent work carried out by the CONSULTANT
      or by
      any third party other than ABA,
      its
      agents, or sub-CONSULTANTs,
      or
      employees; or

     

    (iv) the
      failure of any person NOT employed or contracted with by ABA
      to
      discharge any legal duty or obligation whatsoever.

     

    
      	
              10.

            	
              Confidentiality.
                The CONSULTANT
                hereby agrees that during and after the term of this Agreement, neither
                it
                nor any of its employees nor others retained by the CONSULTANT
                to
                perform some or all of the services to be performed hereunder, will
                divulge any confidential or proprietary information belonging to
                ABA
                or
                any company associated with ABA
                or
                to any customer of ABA
                and
                neither the CONSULTANT
                nor any employee of the CONSULTANT
                nor any other person retained by the CONSULTANT
                will make available to others any ABA
                or
                account list, price list, business plan, trade secret, document,
                file,
                paper or data of any kind, in whatever form embodied, concerning
                the
                business or financial affairs of ABA,
                its associated companies, or its customers or remove any of the foregoing
                from the premises of ABA.

            

    

     

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          5

        
          

        

      

      
         

      

       

    

    
      	
              11.

            	
              Assignment.
                Except as otherwise provided herein, the CONSULTANT
                may not assign this Agreement or delegate any of its obligations
                hereunder, without the prior written consent of ABA
                and
                ABA
                may
                not assign this Agreement, or delegate any of its obligations hereunder,
                without the prior written consent of the CONSULTANT.
                Any assignment or delegation in violation of the provisions hereof
                shall
                be void and of no effect.

            

    

     

    
      	
              13.

            	
              Entire
                Agreement; Modification; Binding Effect.
                This Agreement constitutes the entire agreement between the CONSULTANT
                and ABA
                and
                supersedes all prior understandings and agreements concerning the
                subject
                matter hereof. This Agreement (including this provision against oral
                modification) may not be changed or terminated, and no provision
                hereof
                may be waived orally. No modification, waiver or termination hereof
                shall
                be binding upon either party unless in writing and signed by or on
                behalf
                of the party against which the modification, waiver or termination
                is
                asserted. This Agreement shall be binding upon and shall enure to
                the
                benefit of the CONSULTANT
                and ABA,
                their successors and permitted
                assigns.

            

    

     

    
      	
              14.

            	
              Notices.
                Any notice or other communication required or permitted hereunder
                shall be
                sufficiently given if delivered personally, or, if sent by registered
                or
                certified mail, postage pre-paid, return receipt requested, addressed
                to
                the party intended to receive such notice at the address set forth
                above,
                or such other address as such party may indicate in the manner provided
                for notices herein. Any notice or communication shall be deemed to
                have
                been given upon the date personally delivered or, if mailed, the
                earlier
                of the date it is received and three (3) days after the date so
                mailed.

            

    

     

    
      	
              15.

            	
              Governing
                Law.
                This Agreement shall be governed by, and construed in accordance
                with, the
                laws of the State of New York.

            

    

    

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          6

        
          

        

      

      
         

      

       

    

    IN
      WITNESS WHEREOF, the parties have signed this Agreement as of the date above
      written.

     

    
      	 	 	
              AMERICAN
                BASKETBALL ASSOCIATION

            
	 
 	 
 	 
 
	 	By:  	/s/Joe
              Newman
	 	
              
Name:
Joe
              Newman
	 	Position:
              CEO

    
      	 	 	CIOFFI
              BUSINESS MANAGEMENT SERVICES
	 
 	 
 	 
 
	 	By:  	/s/Darren
              J.
              Cioffi
	 	
              
Name:
              Darren J. Cioffi
	 	Position:
              President

    

    
       

      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          7

        
          

        

      

      
         

      

    

    APPENDIX
      A

     

    
      	App.
              1 :	
              The
                Base Fee for the Term of the Agreement shall be $ 102,000, payable
                in
                monthly installments at the beginningof each month as
                follows;

            

    

    

      
        	
                Month
                  1-3: $7,000.00

              	
                Month
                  4-6: $8,333.33

              
	
                Month
                  7-9: $ 9,000.00

              	
                Month
                  10-12: $9,666.67

              

      

    

     

    
      	App.
              2 :	
              In
                addition to the Base Fee the CONSULTANT
                shall be paid such additional compensation as shall be determined
                from
                time to time by the Board of Directors of ABA
                and
                approved by the Board of Directors of ABA.

            

    

     

    
      	App.
              3 :	
              In
                determining the amount of the additional compensation The Board of
                Directors will take into consideration the attainment of specific
                criteria
                as agreed with the CONSULTANT
                from time to time. 

            

    

     

    
      	App.
              4 :	
              The
                CONSULTANT
                shall provide services to ABA
                which
                shall include, but not be restricted to, those functions commonly
                associated with the role of Chief
                Financial Officer.

            

    

     

    
      	App.
              5 :	
              Stock
                Options. Consultant
                shall be entitled to participate in the ABA
                Equity
                Incentive Plan. 

            

    

     

    
      	App
              6 :	
              Severance
                and Other Payments.

            

    

     

    
      	
            	a.	
              If
                Consultant's
                agreement pursuant to this Agreement is terminated for "cause"
                (as herein defined), the Company shall not be obligated to pay or
                provide
                any severance compensation or benefits to Consultant.

            

    

     

    
      	
            	b.	
              If
                Consultant's
                agreement with the Company is terminated under Paragraph 8.2
                of this Agreement or the Company elects not to continue the Agreement
                under
                Paragraph 7 above, the Company agrees to pay to Consultant an amount
                equal
                to twenty-five percent (25%) of Consultant's then current annual
                base
                compensation (or, if this Agreement has expired, an amount equal
                to
                twenty-five percent (25%) of Consultant's annual base compensation
                on the
                last effective day of this Agreement's term). (“Severance Payment”). Such
                Severance Payment shall only be owed to Consultant and paid by the
                Company
                following the execution of a mutually agreeable severance agreement
                by
                Consultant and the Company that shall be written within 15 days of
                the
                date of Consultant’s termination. In addition to the foregoing Severance
                Payment.

            

    

    

    
      	App
              7 :	
              Travel,
                Entertainment, and Living Expenses. Consultant
                is
                authorized tocur
                reasonable travel, entertainment, and cell phone business expenses
                on
                behalf
                of the Company. These expenses shall be reimbursed by the Company.
                

            

    

     

    
      	App
              8 :	
              Consultant
                under this Agreement, the Company shall issue to Consultant (or its
                designees) 550,000 shares (“Shares”) of common stock, no par value
                (“Common Stock”). Issued upon the signing of this
                agreement.

            

    

     

     

    
      
        
          ABA
            Init:_______

          CB
            Init:_______

        

      

      
        Page
          8SHARE PURCHASE AGREEMENT

THIS SHARE PURCHASE  AGREEMENT (the  "Agreement")  is made as of the 12th day of
January, 2007, by and between MoreGasTech SRL ("MGT"),  Energtek Inc. ("Energtek
US") and Energtek Products Ltd. ("Energtek Israel") for the purchase by Energtek
Israel of all the issued  and  outstanding  capital  of  Natural  Gas For Israel
(Gatal) Ltd. ("Gatal")

MGT,  Energtek  US. and  Energtek  Israel.  being  hereinafter  individually  or
collectively  referred  to as the  "Party" or the  "Parties"  as the context may
require.

                               W I T N E S S E T H

WHEREAS        Energtek Israel, an Israeli company, is a wholly owned subsidiary
               of Energtek US, a State of Nevada corporation; and

WHEREAS,       Gatal, an Israeli company, is a wholly owned subsidiary of MGT, a
               Nevis company,  which is the owner of 100 (One Hundred)  ordinary
               shares,  nominal  value NIS 1 per share (the  "Shares") of Gatal,
               which Shares  constitute 100% of the issued and outstanding share
               capital  of Gatal and  which  Shares  are held in escrow  for the
               benefit of MGT; and

WHEREAS,       Energtek  Israel  wishes to purchase  the Shares from MGT and MGT
               wishes to sell the  Shares to  Energtek  Israel,  subject  to the
               terms and conditions set forth herein; and

WHEREAS,       the Parties wish to record the  understandings  between them with
               respect to the purchase of the Shares.

NOW, THEREFORE,  in consideration of the mutual promises and covenants set forth
herein, the parties hereby agree as follows:

1.    Sale and Purchase of the Shares

At the  Closing (as defined  herein) MGT shall sell and  transfer  the Shares to
Energtek  Israel and  Energtek  Israel  shall  purchase  the Shares from MGT. In
consideration for the Shares,  Energtek US shall deliver to MGT at the Closing a
warrant to purchase up to 3,500,000  shares of common stock,  par value US$0.001
per share of Energtek  US,  substantially  in the form set forth in Schedule 1 -
Class 2007-A Warrant Agreement (the "Warrant"). The Warrant shall be exercisable
starting  July 1,  2008  until  December  31,  2011 and  shall  have a per share
exercise  price equal to US$0.05,  all according to the terms and conditions set
forth in the said Exhibit.

2.    Closing of Sale and Purchase

      2.1.  Closing.  The  closing  of the  transactions  contemplated  by  this
            Agreement  (the  "Closing")  shall  take  place  at the  offices  of
            Confino,  Luchtenstein  & Co. on the date  hereof,  or at such other
            date,  time or place as the  parties  shall  mutually  agree upon in
            writing (the "Closing Date").

<PAGE>
                                      -2-

      2.2.  Transactions at Closing. At the Closing, the following  transactions
            shall  occur,  which  transactions  shall be  deemed  to take  place
            simultaneously  and no  transaction  shall be  deemed  to have  been
            completed or any document delivered until all such transactions have
            been completed and all required documents delivered:

            2.2.1. MGT shall deliver or cause to be delivered to Energtek Israel
                   a resolution of the Board of Directors of MGT approving the
                   transfer of the Shares to Energtek Israel;

            2.2.2. Energtek Israel shall deliver, or cause to be delivered, to
                   MGT a resolution of the Board of Directors of Energtek Israel
                   approving the purchase of the Shares.

            2.2.3. Energtek US shall deliver, or cause to be delivered, to MGT:

                  (a)   a resolution of the Board of Directors approving the
                        purchase of the Shares by Energtek Israel and the
                        issuance of the Warrant;

                  (b)   the duly executed Warrant issued in the name of MGT.

3.    Representations and Warranties of MGT

      MGT  represents  and warrants that the following  statements  are true and
      correct as of the date hereof:

      3.1   The  registered  share  capital of Gatal  consists of NIS  1,000,000
            divided into  1,000,000  ordinary  shares,  nominal  value NIS 1 per
            share,  of which 100 (one hundred)  ordinary shares are held by MGT.
            The Shares  constitute one hundred  percent (100%) of the issued and
            outstanding  shares of capital stock of Gatal.  The Shares have been
            duly   authorized   and   validly   issued,   are  fully   paid  and
            non-assessable,   and  have  been  issued  in  compliance  with  all
            pertinent laws and other legal requirements. The shares are owned by
            Gatal, free and clear of all Liens (hereafter defined).

      3.2   A  copy  of  Gatal's  Articles  of  Association  (the  "Articles  of
            Association")  and  Certificate  of  Incorporation  as in effect are
            attached  hereto as  Schedule  3.2.  Gatal is a  company  organized,
            validly existing and in good standing under the laws of Israel, with
            full corporate  power and authority to conduct its business as it is
            now being conducted.

      3.3   All corporate action on the part of MGT and Gatal necessary for: (i)
            the due  authorization,  execution  and delivery of this  Agreement,
            (ii) the  performance of all  obligations of MGT hereunder and (iii)
            the  authorization,  issuance,  sale and  delivery of the Shares has
            been taken or will be taken prior to or upon the Closing.

      3.4   To the  knowledge  of MGT,  except as set forth in Schedule  3.4, in
            this  Agreement and in the Articles of  Association,  Gatal is not a
            party or subject to any agreement or  understanding  with respect to
            any  securities  of Gatal  and  there  are no  outstanding  options,
            warrants,  convertible  securities,  rights (including  registration
            rights, voting rights, conversion or preemptive rights and rights of
            first refusal),  shareholder  agreements,  or agreements of any kind
            for the purchase or  acquisition  of  securities  from Gatal or that
            relate to the ownership, voting or transfer of any shares of Gatal's
            capital   stock.   Upon  the   consummation   of  the   transactions
            contemplated  in this  Agreement,  Energtek Israel will receive good
            and marketable title to the Shares, free and clear of all Liens.

<PAGE>
                                      -3-

      3.5   The Shares,  when sold and delivered in accordance with the terms of
            this Agreement, will be: (i) duly and validly issued, fully paid and
            nonassessable,  (ii) free and clear of any liens, mortgages, claims,
            charges,  security  interests,  restrictions  or encumbrances of any
            kind  ("Liens"),  and  (iii)  not  subject  to any  rights  of first
            refusal,  preemptive or other third party rights  existing  prior to
            the issuance thereof, except as provided under this Agreement.

      3.6   To the knowledge of MGT, there are no  liabilities,  encumbrances or
            obligations  of any third party  including of MGT to Gatal's  assets
            whether  accrued,  absolute  or  contingent  that are not in Gatal's
            ordinary  course of  business  except as set forth in  Schedule  3.6
            attached hereto.

      3.7   To the  knowledge  of  MGT,  there  is no  action,  suit,  claim  or
            proceeding pending, currently threatened,  against Gatal, and MGT is
            not aware of any event or circumstance that may form a basis for any
            such  action,   suit,  claim,  or  proceeding  that  might,   either
            individually or in the aggregate,  have a material adverse effect on
            the  condition   (financial  or  otherwise),   properties,   assets,
            liabilities, rights, business, prospects or results of operations of
            Gatal or could  reasonably  be expected  to have a material  adverse
            effect on such condition,  properties, assets, liabilities,  rights,
            business,  prospects or results of operations  (a "Material  Adverse
            Effect").

      3.8   Gatal is not a party or  subject  to the  provisions  of any  order,
            writ,  injunction,  judgment  or decree  of any court or  government
            authority that might, either individually or in the aggregate,  have
            a Material Adverse Effect on Gatal.

      3.9   There is no  action,  suit,  claim or  proceeding  by Gatal  that is
            currently pending or that Gatal intends to initiate.

      3.10  There is no action,  suit,  claim or  proceeding  pending or, to the
            knowledge of MGT,  threatened,  that  questions the validity of this
            Agreement  or the right of MGT to enter into this  Agreement,  or to
            consummate the transactions contemplated hereby.

      3.11  To the  knowledge of MGT,  except as set forth in Schedule  3.11, no
            shareholder,  officer,  or  director  of the MGT  (collectively,  an
            "Affiliate"),  is  indebted to Gatal,  nor is Gatal  indebted to any
            such  Affiliate.  Except as set  forth in  Schedule  3.11,  to MGT's
            knowledge,  no  Affiliate  of Gatal (i) has any  direct or  indirect
            interest in any contract to which Gatal is a party or by which it or
            its  properties  may be bound or  affected  (ii) has any  direct  or
            indirect interest in any entity which transacts business with Gatal,
            (iii) has a direct or indirect  interest in any  property,  asset or
            right which is used by Gatal in the conduct of its business.

      3.12  Financial Statements

            3.12.1 Schedule 3.12 attached hereto sets forth a true,  correct and
                   complete copy of the financial statements of Gatal as of, and
                   for the  period  ended,  31  December  2006  (the  "Financial
                   Statements").

<PAGE>
                                      -4-

            3.12.2 The  Financial  Statements  have been  prepared in accordance
                   with United States generally accepted accounting  principles,
                   consistently applied, and fairly present the true and correct
                   financial  position and results of  operations of Gatal as of
                   the  dates  and for  periods  set  forth  therein,  and  were
                   prepared in accordance with Gatal's books and records,  which
                   have been  maintained in a manner  consistent with historical
                   practice.

            3.12.3 Since  the  date  of  the  Financial  Statements,  Gatal  has
                   conducted  its  business in a consistent  manner  without any
                   material change in accounting or credit principles,  policies
                   or procedures.  Except as set forth on Schedule 3.12.3, since
                   the  date of the  Financial  Statements,  there  has  been no
                   material  adverse  change  in  the  assets,   liabilities  or
                   obligations (of any kind and description, whether absolute or
                   contingent,  monetary or  non-monetary,  direct or  indirect,
                   known or unknown or  matured  or  unmatured,  or of any other
                   nature) or financial  condition of Gatal from that  reflected
                   on  the  Financial   Statements   other  than  those  changes
                   occurring in the ordinary  course of business  subsequent  to
                   such date, which,  individually or in the aggregate,  are not
                   material to the business, properties,  prospects, operations,
                   results of operations  or condition  (financial or otherwise)
                   of Gatal.

      3.13  Schedule  3.13  lists  all  material   contracts,   agreements   and
            obligations, oral or written, to which Gatal is party to or by which
            its  property  is bound  (each a  "Contract"  and  collectively  the
            "Contracts").  Gatal is not in breach of any of its Contracts  which
            would  adversely  affect or in the  future is  reasonably  likely to
            adversely affect the business,  condition  (financial or otherwise),
            affairs, operations or assets of Gatal.

      3.14  No  consent,   approval,  order,  license,  permit,  action  by,  or
            authorization  of or from,  or filing with,  any person or entity or
            any  governmental  authority  or  agency  on the  part of  Gatal  is
            required that has not been, or will not have been, obtained by Gatal
            prior  to the  Closing  in  connection  with  the  valid  execution,
            delivery and performance of this Agreement.

      3.15  MGT is aware that Energtek US is not granting any  representation in
            respect  with the Warrant  except as set forth  specifically  in the
            Warrant, as attached hereto as Schedule 1..

      3.16  MGT understands that the representations,  warranties, covenants and
            acknowledgments  set forth in this  Section 3  constitute a material
            inducement  to  Energtek US and  Energtek  Israel to enter into this
            Agreement.

      3.17  No representation, warranty or other statement made by the Seller in
            this  Agreement  contains any untrue  statement of material  fact or
            omits to state a material  fact  necessary  to make any of them,  in
            light of the circumstances in which it was made, not misleading. The
            Seller  does  not have  knowledge  of any  fact  that  has  specific
            application  to Gatal  (other  than  general  economic  or  industry
            conditions) or the Shares and that may materially  adversely  affect
            Gatal or the Shares or the assets,  business,  prospects,  financial
            condition  or results of  operations  of Gatal that has not been set
            forth in this Agreement.  No event,  condition,  or other matter, or
            any series of events, conditions or other matters,  currently exists
            that, individually or in the aggregate, adversely affects the Shares
            or Gatal's  assets,  business,  prospects,  financial  condition  or
            results of its operations that has not been  specifically  disclosed
            to Purchaser in this Agreement.

<PAGE>
                                      -5-

4.    Representations and Warranties of Energtek US

Energtek US represents  and warrants that the following  statements are true and
correct as of the date hereof:

      4.1   Energtek US has full  corporate  power and  authority  to enter into
            this  Agreement  and to  carry  out  the  transactions  contemplated
            hereby.  This  Agreement  has been duly  executed  and  delivered by
            Energtek  US and is a valid and  binding  obligation  of Energtek US
            enforceable in accordance with its terms.

      4.2   Neither  the  execution  and  delivery  of  this  Agreement  nor the
            consummation of the  transactions  contemplated  hereby will violate
            any  provision  of the  Certificate  of  Incorporation  or Bylaws of
            Energtek US or violate,  or be in conflict  with,  or  constitute  a
            default  (or an event  which,  with notice or lapse of time or both,
            would constitute a default) under any debt or obligation of Energtek
            US or violate any  statute or law or any  judgment,  decree,  order,
            regulation or rule of any court or governmental authority.

      4.3   The Warrant will be duly authorized and validly issued upon Closing.

5.    Representations and Warranties of the Energtek Israel

      Energtek Israel represents and warrants that the following  statements are
      true and correct as of the date hereof:

      5.1   The Shares are purchased "as is" with no  representation or warranty
            regarding  the  Shares  and/or  regarding   Gatal,   other  than  as
            specifically set forth herein.

      5.2   Energtek Israel has full corporate power and authority to enter into
            this  Agreement  and to  carry  out  the  transactions  contemplated
            hereby.  This  Agreement  has been duly  executed  and  delivered by
            Energtek  Israel and is a valid and binding  obligation  of Energtek
            Israel enforceable in accordance with its terms.

      5.3   Neither  the  execution  and  delivery  of  this  Agreement  nor the
            consummation of the  transactions  contemplated  hereby will violate
            any provision of the Articles of Association  of Energtek  Israel or
            violate,  or be in conflict  with,  or  constitute  a default (or an
            event which,  with notice or lapse of time or both, would constitute
            a  default)  under  any debt or  obligation  of  Energtek  Israel or
            violate  any  statute  or  law  or  any  judgment,   decree,  order,
            regulation or rule of any court or governmental authority.

      5.4   Energtek Israel has received and reviewed all the  information  that
            Seller has provided and all the material  information  that Energtek
            Israel has requested.  Energtek Israel has had an opportunity to ask
            questions and receive answers regarding the Shares and to the extent
            requested, received satisfactory answers from MGT.

<PAGE>
                                      -6-

6.    Miscellaneous

      6.1   Survival   of    Representations,    Warranties    and    Covenants;
            Indemnification.

            6.1.1 The  representations,  warranties and covenants of the Parties
                  contained in or made pursuant to this  Agreement  will survive
                  the execution and delivery of this Agreement.

            6.1.2 MGT hereby agrees to indemnify  and hold harmless  Energtek US
                  and/or  Energtek  Israel,   as  applicable,   their  officers,
                  directors,  shareholders,  agents and representatives from and
                  against any and all claims, demands, losses, damages, expenses
                  or liabilities  (including  attorneys' fees) due to or arising
                  out of a material  breach of any  representation,  warranty or
                  covenant  provided  by  MGT  hereunder,   or  any  undisclosed
                  liability  arising  out  of  the  operation  of  Gatal  or its
                  business or assets prior to the date of the Closing.

            6.1.3 Energtek US and Energtek Israel hereby agrees to indemnify and
                  hold harmless MGT and its officers,  directors,  shareholders,
                  agents  and  representatives  from  and  against  any  and all
                  claims,  demands,  losses,  damages,  expenses or  liabilities
                  (including  attorneys'  fees)  due  to  or  arising  out  of a
                  material  breach of any  representation,  warranty or covenant
                  provided by the Energtek US and Energtek Israel hereunder.

      6.2   Further Actions. Each of the Parties hereto shall, from time to time
            after the Closing,  upon the request of the other Party hereto, duly
            execute,  acknowledge  and  deliver  or cause  to be duly  executed,
            acknowledged  and  delivered,   all  such  further  instruments  and
            documents  reasonably  requested  by  the  other  Party  to  further
            effectuate the intents and purposes of this Agreement.

      6.3   Expenses. All legal, accounting and other costs and fees incurred by
            any Party hereto in connection with the transaction  contemplated by
            this Agreement shall be borne and paid by the party incurring same.

      6.4   Successors  and  Assigns.  Except  as  otherwise  expressly  limited
            herein,  the provisions hereof shall inure to the benefit of, and be
            binding  upon,  the  successors,   assigns,   heirs,  executors  and
            administrators of the Parties hereto.

      6.5   Entire  Agreement;  Amendment and Waiver.  This Agreement,  together
            with its Exhibits and Schedules,  set forth the entire  agreement of
            the Parties with respect to the subject matter hereof and supersedes
            all  prior   agreements,   contracts,   promises,   representations,
            warranties,  statements,  arrangements and  understandings,  if any,
            among  the  Parties  hereto  or their  representatives.  No  waiver,
            modification or amendment of any provision, term or condition hereof
            shall be valid unless in writing and signed by the Parties hereto.

      6.6   Notices. All notices or other  communications  required or permitted
            hereunder are to be given in writing,  and shall be given in person,
            by registered mail (registered air mail if mailed  internationally),
            by an overnight  courier service which obtains a receipt to evidence
            delivery,  or by  facsimile  transmission  or email  (provided  that
            written  confirmation  of receipt is  provided),  addressed  to each
            Party in accordance with this provision:

<PAGE>
                                      -7-

            if to MGT:             MoreGasTech SRL
                                   1 Place de la Gare
                                   59230 Rosult -
                                   FRANCE
                                   Fax: +33-3-5935 0084

            if to Energtek US:     Energtek Inc.
                                   26 East Hawthorne Avenue,
                                   Valley Stream, New York 11580
                                   United States of America
                                   Fax: +1 (516) 887-8250

            if to Energtek Israel: Energtek Products Ltd.
                                   1 Azrieli Center
                                   Round Tower, 38 Floor
                                   Tel Aviv, 67021, Israel
                                   Fax: 972-3-7188701

            or such other  address  with  respect to a Party as such party shall
            notify the other Party in writing as above provided. Any notice sent
            in  accordance  with this Section  shall be effective (i) if mailed,
            five (5) business  days after  mailing;  (ii) if sent by  messenger,
            upon  delivery,  and  (iii)  if sent by  facsimile  or  email,  upon
            transmission or if transmitted  and received on a non-business  day,
            on the first business day following transmission.

      6.7   Delays or  Omissions.  No delay or omission  to exercise  any right,
            power,  or remedy  accruing  to any Party upon any breach or default
            under this  Agreement,  shall be deemed a waiver of any other breach
            or default theretofore or thereafter occurring.  Any waiver, permit,
            consent  or  approval  of any kind or  character  on the part of any
            party of any breach or default under this  agreement,  or any waiver
            on the part of any Party of any  provisions  or  conditions  of this
            Agreement,  must be in writing  and shall be  effective  only to the
            extent specifically set forth in such writing.

      6.8   Severability.  If any  provision  of  this  Agreement  is  held by a
            competent court to be invalid or unenforceable under applicable law,
            then such a provision  shall be excluded from this Agreement and the
            remainder  of  this  Agreement  shall  be  interpreted  as  if  such
            provision  were so excluded and shall be  enforceable  in accordance
            with  its  terms;  provided,  however,  that in such an  event  this
            Agreement shall be interpreted so as to give effect, to the greatest
            extent  consistent  with and  permitted  by  applicable  law, to the
            meaning and  intention of the excluded  provision as  determined  by
            such court of competent jurisdiction.

      6.9   Counterparts.  This  Agreement  may be  executed  in any  number  of
            counterparts,  each  of  which  shall  be  deemed  an  original  and
            enforceable against the Parties actually executing such counterpart,
            and  all of  which  together  shall  constitute  one  and  the  same
            instrument.

<PAGE>
                                      -8-

      6.10  Governing Law; Jurisdiction. This Agreement shall be governed by and
            construed  according  to the  laws of the  State of  Israel  without
            regard to  principles  of  conflict  of law,  and each party  hereby
            irrevocably  submits to the exclusive  jurisdiction of the courts in
            the City of Tel-Aviv,  for the adjudication of any dispute hereunder
            or in connection herewith.

IN WITNESS  WHEREOF the parties have signed this Share Purchase  Agreement as of
the date first hereinabove set forth.

<TABLE>

<S>                                          <C>                                       <C>

---------------------------                  ---------------------------               --------------------------
MoreGasTech SRL                              Energtek Inc.                             Energtek Products Ltd.

By: _______________                          By: _______________                       By: _______________

Title: ______________                        Title: ______________                     Title: ______________

</TABLE>

                                      * * *

<PAGE>
                                      -9-

                                   Schedule 1.
                         Class 2007-A Warrant Agreement

(enclose here)
                                  Schedule 3.2
                       Natural Gas for Israel (Gatal) Ltd.
                             Articles of Association
(enclose here)

                                  Schedule 3.4

Gatal Ltd. has resolved to reserve for issuance under an ESOP Plan,  which shall
be adopted by its Board of Directors,  10 ordinary  shares,  representing 10% of
the issued and outstanding share capital of Gatal Ltd.

                                  Schedule 3.6

None
                                  Schedule 3.11

See Schedule 3.12

                                  Schedule 3.12
                          Financial Statements of Gatal

(Copy of the unaudited  reports of Gatal to 31.Dec.2006,  with  specification of
debtors and Creditors)

                                 Schedule 3.12.3

None

                                  Schedule 3.13

1. Verbal agreement with Sidney Peretz for serving as CEO of Gatal.
2. Verbal  agreement with Moody Sandberg for serving as Director and Chairman of
the Board of Gatal

The agreements as reported to the Energtek Israel.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]