Document:

EXHIBIT
10.26

    

    EMPLOYMENT
AGREEMENT

    

    EMPLOYMENT AGREEMENT (this “Agreement”),
effective as of the 13th day of
May, 2010, by and between Surge Solutions Group, Inc., a Florida corporation
(the “Company”), and
[________________], an individual resident of the State of Florida (“Employee”).

    

    WITNESSETH:

    

    WHEREAS, the Company desires to retain
and employ the services of Employee on the terms and subject to the conditions
set forth in this Agreement, and Employee desires to be retained and employed by
the Company on such terms and subject to such conditions.

    

    NOW, THEREFORE, in consideration of the
foregoing premises, the respective covenants and commitments of the parties
hereto set forth in this Agreement, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

    

    1.           Employment.  The
Company hereby employs Employee, and Employee accepts such employment and agrees
to perform services for the Company, upon the terms and subject to the
conditions set forth in this Agreement.

    

    2.           Employment Term. The
term of this Agreement shall begin on the date of this Agreement and end on the
third (3rd)
anniversary of the date of this Agreement, unless terminated earlier in
accordance with Section 7 hereof, and shall thereafter automatically renew for
successive one-year terms, unless notice is given by either party to the other
at least 30 days before the end of the then current term that such employment
shall cease as of the end of such term (the “Employment
Period”).

    

    3.           Position and Duties;
Representations and Warranties.

    

    3.1           Service With the
Company. During the Employment Period, Employee agrees to perform such
reasonable employment duties as the Company shall assign to him from time to
time.  Employee shall have the title of [__________] of the Company,
and shall report directly to the Chief Executive Officer of the
Company.

    

    3.2           Performance of
Duties. Employee agrees to serve the Company faithfully and to the best
of his ability and to devote his full time, attention, skill and best efforts to
the business and affairs of the Company during the Employment
Period.  Employee hereby confirms that he is under no contractual
commitments inconsistent with his obligations set forth in this Agreement, and
that during the Employment Period he will not render or perform services for any
other person or entity which are inconsistent with the provisions of this
Agreement.  Notwithstanding the foregoing, the obligations of Employee
set forth in this Section 3.2 shall in no way restrict the right of Employee to
hold as a passive investment not more than one percent (1%) of the equity
securities of any corporation or other entity whose equity securities are listed
on a national securities exchange or regularly traded in the over-the-counter
market for which quotations are available on the NASDAQ System.

    

    
      
         

      

      
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    3.3           Representations and
Warranties of Employee. Employee represents and warrants that, as of the
date hereof and throughout the Employment Period:

    

    
      (a)          Employee
is not and will not in any way whatsoever be restricted or prohibited,
contractually or otherwise, from entering into this Agreement and performing the
services and obligations herein contained; and

    

    

    
      (b)        
Employee’s
execution of this Agreement, and his performance of the services and obligations
herein contained, do not and will not constitute (i) a default or an event
that, with or without notice or lapse of time or both, would be a default,
breach or violation of any agreement, contract, instrument or arrangement to
which Employee is a party or by which Employee is bound, or (ii) a material
violation of any law, judgment, rule, regulation, order or decree to which
Employee, to his knowledge, is subject.

    

    

    4.            Compensation and
Benefits.

    

    4.1           Base Salary. As base
compensation for all services to be rendered by Employee under this Agreement
during the Employment Period, the Company shall pay to Employee an annual base
salary of no less than $[_______]1.  The
annual base salary shall be paid in accordance with the Company’s normal payroll
procedures and policies.

    

    4.2           Incentive
Compensation.  In addition to the base compensation to which
Employee is entitled under Section 4.1, Employee shall be entitled to receive up
to 80,000 shares of common stock, par value $0.001 per share, of SSGI, Inc., a
Florida corporation and the parent company of the Company (the “Common Stock”),
issuable to Employee in accordance with the following terms of this Section
4.2.  Such shares of Common Stock (the “Restricted Shares”)
shall vest and be issued to Employee in accordance with the following vesting
schedule, if (and only if) Employee is still employed with the Company on the
applicable date set forth below:

    

    
      
        
          	
                  Still employed on and
after*

                	 	
                  Number
      of the Restricted Shares vesting and issuable on the applicable

                  date listed in the column to the
      left

                	 
	 
      	 	 	 
	
                  May
      13, 2011

                	 	 	26,667	 
	 
      	 	 	 	 
	
                  May
      13, 2012

                	 	 	26,667	 
	 
      	 	 	 	 
	
                  May
      13, 2013

                	 	 	26,666	 

        

      

    

    

    * Each of
the one (1) year periods listed above shall be referred to herein as the
“Restricted Period Year”.

     

      
        

      

    

    1 $140,100 for Phillip A. Lee; $119,500
for Evan D. Finch; and $105,200 for William H. Denmark.

    

    
      
         

      

      
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    If Employee’s employment with the
Company is terminated by the Company for “Cause” (as defined in Section 7.1(c)
below) or if the Employee voluntarily terminates his employment with the Company
at any time prior to May 13, 2013 (the final vesting date), then (i) Employee
shall have no further rights to receive the Restricted Shares which have not
become vested on and as of the date of such termination in accordance with the
foregoing schedule, and (ii) the Company shall have no further duty or
obligation to issue to Employee such unvested Restricted Shares. If the Employee
is terminated without Cause by the Company or if the Employee dies or becomes
disabled prior to May 13, 2013, the Employee shall receive, as vested, a
one-twelfth share of the Restricted Shares for each Whole Month, as defined
below, of work completed during the then current Restricted Period Year (for
example, if the Employee had worked 115 days during the Restricted Period Year
when terminated (the equivalent of 3.5 Whole Months) and would have received 100
Restricted Shares if he had worked the full term of the Restricted Period Year,
then the Company shall issue to the Employee 25 of the 100 Restricted Shares (3
Whole Months divided by 12 months multiplied by 100 Restricted
Shares).  (“Whole Months” means a
thirty (30) day interval which will begin on the date of this Agreement and each
new Restricted Period Year.)  Employee shall be entitled to retain the
Restricted Shares which have vested and been issued to Employee on or before the
termination date of Employee’s employment with the Company.

    

    4.3           Other
Benefits.  During the Employment Period, the Company shall
provide Employee and his dependents (if applicable) with health insurance in
accordance with the Company’s health insurance policy in effect from time to
time.  In addition, the Company shall make available to Employee for
his use a Company-owned vehicle (and will pay or reimburse Employee for gas and
insurance premiums necessary for the operation of such vehicle).

    

    4.4           Expenses. During the
Employment Period, the Company shall pay or reimburse Employee for all
reasonable and necessary out-of-pocket expenses incurred by Employee in the
performance of his duties under this Agreement, subject to the presentment by
Employee of appropriate vouchers in accordance with the Company’s normal
policies for expense verification.

    

    4.5           Vacation. Employee
shall be entitled to vacation time during the Employment Period in accordance
with the Company’s vacation policy as in effect from time to time (currently,
two weeks per calendar year, in addition to five personal/sick days per calendar
year).  Any vacation taken by Employee shall be taken at such time as
is reasonably convenient in relationship to the needs of the business of the
Company, as determined in the reasonable discretion of the
Company.  Vacation time shall not accrue beyond the calendar year in
question.

    

    4.6           Continuing Education and
Licenses. During the Employment Period, the Company shall pay for
Employee’s continuing education, including, but not limited to, course fees,
travel expenses and hotel fees, as required to maintain Employee’s then current
licenses with the issuers and to pay all of the Employee’s fees to maintain his
license and to obtain additional licenses with the issuers of the
licenses.

    

    
      
         

      

      
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    5.           Confidential Information;
Noncompetition and Nonsolicitation.

    

    5.1           Confidential
Information.  Employee acknowledges that, during the course of
his employment by the Company, Employee will become privy to certain
Confidential Information (hereinafter defined), and the Company hereby agrees to
provide Employee with Confidential Information.  Accordingly, Employee
agrees that he shall not, both during and after the Employment Period, without
the prior written consent of the Company, except as required to perform his
duties of employment with the Company, use, disseminate, disclose, or
communicate any Confidential Information to any person or entity inside or
outside the United States. Employee acknowledges that the Confidential
Information constitutes a unique and valuable asset of the Company and
represents a substantial investment of time and expense by the Company and that
any disclosure or other use of any Confidential Information other than for the
sole benefit of the Company would be wrongful and may cause irreparable harm to
the Company.  Both during and after the Employment Period, Employee
will refrain from any acts or omissions that would reduce the value of any
Confidential Information to the Company. The foregoing obligations of
confidentiality shall not apply to any Confidential Information which is now
published or which subsequently becomes generally publicly known other than as a
direct or indirect result of the breach of this Agreement by
Employee.  As used herein, the term “Confidential
Information” means all information relating or belonging to the Company
or any of its affiliates that is disclosed or made known to Employee as a direct
or indirect consequence of or through his employment with the Company that is
not generally known in the industries in which the Company or any of its
affiliates is or may become engaged, including, but not limited to, information
about (i) the customers and vendors of the Company and its affiliates
(including, without limitation, their identities); (ii) profitability and other
financial information; (iii) past, present, and future plans with respect to the
business of the Company; (iv) strategies, processes and techniques; (v) any
Company system, procedure, or administrative operation; and (vi) present or
future plans for the extension of the present business or commencement of a new
business of the Company or any affiliate of the
Company.  Notwithstanding the foregoing, nothing in this Agreement
shall prohibit or restrict Employee from contacting or doing business with any
of the customers, suppliers, vendors or any other contacts of the Company, who
are generally known in the business or industry (the “Customers”) after the
expiration of the Covenant Period (as defined in Section 5.4 below), or prohibit
or restrict Employee from contacting or doing business with Customers during the
Covenant Period so long as such activities would not violate the provisions of
Section 5.4 below.

    

    5.2           Third Party
Information. Employee recognizes that the Company and its affiliates have
received and in the future will receive from third parties their confidential or
proprietary information subject to a duty on their parts to maintain the
confidentiality of such information and to use it only for certain limited
purposes. Employee agrees that he owes the Company, its affiliates, and such
third parties, during the Employment Period and thereafter, a duty to hold all
such confidential or proprietary information in the strictest confidence and not
to disclose it to any person or entity (except as necessary in carrying out his
duties for the Company consistent with the Company’s agreement with such third
party) or to use it for the benefit of anyone other than for the Company or such
third party (consistent with the Company’s agreement with such third party)
without the express written authorization of the Company or its affiliates, as
the case may be.

    

    5.3           Returning Company
Documents.  When Employee ceases to be an employee of the
Company, Employee shall promptly deliver all documents, memorandum, records,
notes, and other materials in his possession, whether prepared by him or others,
and all copies thereof, that contain Confidential Information, and Employee
shall have no rights therein.

    

    
      
         

      

      
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    5.4           Noncompetition
Covenant.  Employee covenants and agrees that he shall not (and
shall not permit any of his affiliates to), directly or
indirectly, engage in the business of designing, constructing or maintaining
retail or industrial petroleum facilities within any state in which the Company
or any of its affiliates is doing business in any manner or capacity (including,
without limitation, as an advisor, consultant, principal, agent, partner,
officer, director, stockholder, employee, member of any association or
other­wise) for the duration
of the Employment Period and for 12 months thereafter (the “Covenant
Period”).  Notwithstanding the foregoing, if Employee’s
employment with the Company is terminated for any reason other than by the
Company for “Cause” (as defined in Section 7.1(c) below) or voluntarily by
Employee, then for purposes of this Section 5.4 the “Covenant Period” shall be
deemed to end on the date of such termination of Employee’s employment with the
Company.

    

    5.5           Nonsolicitation
Covenant.  Employee covenants and agrees that for the duration of the Covenant Period,
Employee will not directly solicit or aid the solicitation of any person who is
employed by the Company to leave his or her employment with the
Company.

    

    5.6           Scope. Employee
acknowledges and agrees that the length and scope of the restrictions contained
in Sections 5.4 and 5.5 are reasonable and necessary to protect the legitimate
business interests of the Company.  Employee further acknowledges and
agrees that the restrictions contained in Sections 5.4 and 5.5 are valid and
enforceable under Florida law and that he will immediately notify the Company’s
Chief Executive Officer in writing should he believe or be advised that the
restrictions are not, or likely are not, valid or enforceable under Florida law
or the law of any other state that he contends or is advised is applicable. The
duration of the agreements contained in Sections 5.4 and 5.5 shall be extended
for the amount of any time of any violation thereof and the time, if greater,
necessary to enforce such provisions or obtain any relief or damages for such
violation through the court system. The Company may, at any time by written
notice, reduce the length or scope of any restrictions contained in Sections 5.4
and 5.5 and, thereafter, Employee shall comply with the restriction as so
reduced, subject to subsequent reductions.  If any covenant in Section
5.4 or 5.5 is held to be unreasonable, arbitrary, or against public policy, such
covenant will be considered to be divisible with respect to scope and time, and
such lesser scope or time, or both of them, as an arbitrator or a court of
competent jurisdiction may determine to be reasonable, not arbitrary, and not
against public policy, will be effective, binding, and enforceable against
Employee.  In the event of termination of Employee’s employment with
the Company for any reason, Employee consents to the Company communicating with
Employee’s new employer, any entity in the business in which the Company engages
or through or in connection with which Employee is restricted hereunder, or any
other party about the restrictions and obligations imposed on Employee under
this Agreement.

    

    6.           Ventures.  If,
at any time during the Employment Period, Employee is engaged or associated with
the planning or implementing of any project, program or venture involving the
Company or any of its affiliates and a third party or parties, all rights in
such project, program or venture shall belong to the Company or such affiliates,
as the case may be.  Except as formally approved in writing by the
Company, Employee shall not be entitled to any interest in such project, program
or venture or to any commission, finder’s fee or other compensation in
connection therewith other than the base salary and other compensation to be
paid to Employee as provided in this Agreement.

     

    
      
         

      

      
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    7.           Termination.

    

    7.1           Bases for
Termination. This Agreement and the employment relationship created
hereunder between the Company and Employee shall terminate prior to the end of
the term specified in Section 2 hereof only upon the occurrence of any one of
the following events:

    

    (a)           The
death of Employee;

    

    
      (b)          
The
permanent disability of Employee, which, for purposes of this subsection (b),
shall mean when Employee is unable to continue his normal duties of employment,
by reason of a medically determined physical or mental impairment, for a
continuous period of nineteen (19) consecutive weeks or for any twenty-six (26)
weeks within a fifty-two (52) week period (or such longer period, not to exceed
thirty-eight (38) weeks, if the Company’s disability insurance policy requires a
benefit waiting period longer than such twenty-six (26)
period);

    

    

    
      (c)          
Delivery
to Employee by the Company of written notice of termination for Cause (for
purposes of this Agreement, “Cause” shall mean (i)
commission by Employee of an act of material willful dishonesty toward the
Company, (ii) a material breach by Employee of a fiduciary duty owed to the
Company, (iii) a willful violation by Employee of any material law, rule or
regulation applicable to the Company or its business that has a material adverse
effect on the Company or its business (except for violations arising from a
conflict between applicable laws), (iv) a material breach by Employee of any
provision of this Agreement and the breach is not cured within ten (10) days
after written notice thereof is delivered to Employee, (v) the conviction of
Employee of a felony or other non-felonious crime involving moral turpitude (or
a plea of nolo
contendere
thereto), or (vi) Employee’s refusal or failure to follow a legal directive from
Employee’s superiors that is within the scope of Employee’s employment and such
refusal or failure is not cured within ten (10) days after written notice
thereof is delivered to Employee.

    

    

    
      (d)          
Delivery
to Employee by the Company of written notice of termination without Cause;
or

    

    

    
      (e)        
15 days
after delivery to the Company by Employee of written notice of Employee’s
voluntary and unilateral termination of this Agreement;provided, however, that the
Company may elect to pay Employee 15 days’ base salary in lieu of Employee’s
final 15 days of employment hereunder.

    

    

    Notwithstanding
any termination of this Agreement, Employee, in consideration of his employment
hereunder to the date of such termination, agrees to remain bound by the
provisions of this Agreement that specifically relate to periods, scope,
activities or obligations upon or subsequent to the termination of Employee’s
employment, including, without limitation, the provisions of Sections 5 and 7.3
hereof.

     

    
      
         

      

      
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    7.2           Effect of
Termination.

    

    
      (a)          
If
this Agreement is terminated pursuant to clause (a), (b), (c) or (e) of Section
7.1 hereof, Employee shall be entitled to receive his base salary pro-rated
through the effective date of such termination, which pro-rated base salary
shall be paid to Employee within 15 days of such effective
date.  Employee shall also be entitled to reimburse­ment for
expenses incurred by Employee prior to such effective date, which unreimbursed
expenses shall be paid to Employee within 15 days after Employee submits to the
Company appropriate documentation of such unreimbursed
expenses.

    

    

    
      (b)         
If
this Agreement is terminated pursuant to clause (d) of Section 7.1 hereof,
Employee shall be entitled to receive (as severance pay) 12 months of his base
salary in effect as of the date immediately prior to the effective date of such
termination, payable in accordance with the Company’s normal payroll procedures
and policies; provided, however, that
Employee’s right to the foregoing severance is specifically conditioned upon him
releasing the Company from any and all claims relating to wrongful discharge
pursuant to the Company’s then current form of release. The Company shall also
reimburse Employee for expenses incurred by Employee prior to such effective
date, which unreimbursed expenses shall be paid to Employee within 15 days after
Employee submits to the Company appropriate documentation of such unreimbursed
expenses.

    

    

    Except as specifically provided in this
Section 7.2 above, Employee shall not be entitled to any compensation, benefits
or other remuneration as a result of any termination of his
employment.

    

    7.3           Surrender of Records and
Property. Upon termination of his employment with the Company, Employee
shall promptly deliver to the Company all records, manuals, books, blank forms,
documents, letters, memoranda, notes, notebooks, reports, data, tables,
calculations and copies thereof, which are the property of the Company or which
relate in any way to the businesses, practices or techniques of the Company, and
all other property, trade secrets and Confidential Information of the Company,
including, without limitation, all documents which in whole or in part contain
any trade secrets or other Confidential Information of the Company which in any
of these cases are in his possession or under his control.

    

    8.           Miscellaneous.

    

    8.1           Governing Law; Exclusive
Jurisdiction and Venue. THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER THE LAWS OF THE STATE OF FLORIDA AND FOR ALL PURPOSES SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED WITHIN SAID STATE. Each of the Company and Employee (a)
hereby irrevocably submits to the exclusive jurisdiction of the United
States District Court for the Southern District of Florida and the courts of the
State of Florida located in Palm Beach County, Florida, for the purposes of any
suit, action or proceeding arising out of or relating to this Agreement, and (b) hereby waives, and agrees not
to assert in any such suit, action or proceeding, any claim that he or it is not
personally subject to the jurisdiction of any such court, that the suit, action
or proceeding is brought in an inconvenient forum or that the venue of the suit,
action or proceeding is improper.

    

    
      
         

      

      
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    8.2           Entire Agreement.
This Agreement contains the entire agreement of the parties hereto relating to
the employment of Employee by the Company and the other matters discussed herein
and supersedes all prior agreements and understandings with respect to such
subject matter, and the parties hereto have made no agreements, representations
or warranties relating to the subject matter of this Agreement which are not set
forth herein.

    

    8.3           Withholding Taxes.
The Company may withhold from any compensation or other benefits payable under
this Agreement all federal, state, city or other taxes as shall be required
pursuant to any law or governmental regulation or ruling.

    

    8.4           Supplements and
Amendments. This Agreement may be supplemented or amended only upon the
written consent of each of the parties hereto.

    

    8.5           Assignment.  This
Agreement shall not be assignable, in whole or in part, by either party without
the prior written consent of the other party, except that the Company may,
without the prior written consent of Employee, assign its rights and obligations
under this Agreement to any affiliate of the Company or to any other
partnership, corporation, firm or other business entity with or into which the
Company may merge or consolidate, or to which the Company may sell or transfer
all or substantially all of its assets, or of which 50% or more of the equity
investment and of the voting control is owned, directly or indirectly, by, or is
under common ownership with, the Company.

    

    8.6           No
Waiver.  No term or condition of this Agreement shall be deemed
to have been waived, nor shall there be any estoppel to enforce any provisions
of this Agreement, except by a statement in writing signed by the party against
whom enforcement of the waiver or estoppel is sought.  Any written
waiver shall not be deemed a continuing waiver unless specifically stated, shall
operate only as to the specific term or condition waived and shall not
constitute a waiver of such term or condition for the future or as to any act
other than that specifically waived.

    

    8.7           Severability.  The
provisions of this Agreement are severable, and if any one or more provisions
may be determined to be judicially unenforceable and/or invalid by a court of
competent jurisdiction, in whole or in part, the remaining provisions shall
nevertheless be binding, enforceable and in full force and effect.

    

    8.8           Titles and Headings.
The titles and headings of the various Sections of this Agreement are intended
solely for convenience of reference and not intended for any purpose whatsoever
to explain, modify or place any construction upon any of the provisions
hereof.

    

    8.9           Attorneys’ Fees. In
the event that any party hereto brings suit against the other party, based upon
or arising out of a breach or violation of this Agreement, each party hereto
agrees that the party who is successful on the merits, upon final adjudication
from which no further appeal can be taken or is taken within the time allowed by
law, shall be entitled to recover her or its reasonable attorneys’ fees and
expenses from the party which is not successful.

    

    
      
         

      

      
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    8.10           Injunctive
Relief.  Employee agrees that it would be difficult to
compensate the Company fully for damages for any violation of the provisions of
this Agreement, including, without limitation, the provisions of Sections 5 and
7.3 hereof.   Accordingly, Employee specifically agrees that the
Company shall be entitled to temporary and permanent injunctive relief to
enforce the provisions of this Agreement and that such relief may be granted
without the necessity of proving actual damages.  This provision with
respect to injunctive relief shall not, however, diminish the right of the
Company to claim and recover damages in addition to injunctive
relief.

    

    8.11           Counterparts; Facsimile
Signatures.  This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and
the same instrument.  This Agreement may be duly executed by facsimile
signature, with a manually executed copy to follow.

    

    [Remainder
of page intentionally left blank; signature page to follow.]

    

    
      
         

      

      
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    IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed as of the date first above
written.

    

    
      
        
          
            	 
      	
                    SURGE
      SOLUTIONS GROUP, INC.

                  
	 
      	 
      
	 
      	
                    By:

                  	 
      
	 
      	 
      	
                    Larry
      M. Glasscock, Jr., President &
      CEO

                  
	 
      	 
      
	 
      	
                    EMPLOYEE:

                  
	 
      	 
      
	 
      	
                    By:

                  	 
      
	 
      	 
      	
                    [________________]

                  

          

        

      

    

     

    
      
         

      

      
        10Securities
Purchase Agreement

    

    This Securities Purchase Agreement,
dated as of May 14, 2010 (this “Agreement”), is by and between
Clenergen Corporation, a Nevada corporation (the “Company”), and Vastani Trading
Limited, a British Virgin Islands corporation (“Investor”).

    

    WHEREAS, Investor wishes to purchase
from the Company, and the Company wishes to sell to Investors, (x) a promissory
note of the Company in the principal amount of $250,000, in the form attached as
Exhibit A to this Agreement (the “Note”), and (y) 1 million
warrants (each, a “Warrant”)
to purchase shares (each, a “Warrant Share”) of the common
stock, par value $0.001 per share (the “Common Stock”), of the Company, the
Warrants to be evidenced by a form of the certificate to evidence any or all of
the Warrants to be substantially in the form attached as Exhibit B to this
Agreement (the “Warrant
Certificate”), on the terms and subject to the conditions set forth in
this Agreement.

    

    NOW, THEREFORE, in consideration of the
foregoing premises, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

    

    ARTICLE
I

    AUTHORIZATION
AND SALE OF SECURITIES

    

    1.1.        Sale of Promissory Note and
Warrants.  The Company has authorized the sale and issuance to
Investor, and, at the Closing (as hereinafter defined), the Company shall sell
to Investor, and Investor shall purchase from the Company, the Note and
Warrants.  The purchase price (the “Purchase Price”) for the Note
and Warrants is $250,000.  The Note and Warrants shall be in
registered form and reflected in the books and records of the
Company.  The exercise price per Warrant shall be equal to 70% of the
closing price of the Common Stock on the business day immediately preceding the
date of the Closing.

    

    1.2.        Use of
Proceeds.  The Company will use the proceeds from the sale of
the Note and Warrants for general corporate and working capital
purposes.

    

    ARTICLE
II

    REPRESENTATIONS
AND WARRANTIES OF INVESTOR

    

    In order to induce the Company to
consummate the transactions contemplated by this Agreement, Investor hereby
represents and warrants to the Company, as follows:

    

    2.1.        Organization.  Investor
is a corporation duly formed and validly existing and in good standing under the
laws of Investor’s jurisdiction of organization, with all requisite corporate
power and authority to carry on Investor’s business as it is now being
conducted.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    2.2.        Authority.  Investor
has full power and authority to execute and deliver this Agreement, and to
perform Investor’s obligations under this Agreement, and such execution,
delivery and performance has been duly authorized by all required actions of
Investor.  No other action on the part of Investor is necessary to
authorize the execution and delivery of this Agreement, or the performance by
Investor of Investor’s obligations under this Agreement.  This
Agreement, when executed and delivered by Investor, constitutes a legal, valid
and binding agreement of Investor, enforceable against Investor in accordance
with its terms, subject to applicable bankruptcy, insolvency, moratorium,
reorganization or similar laws affecting creditors' rights generally and subject
to general equitable principles (regardless of whether such enforceability is
considered in a proceeding in equity or at law).

    

    2.3.        Brokers.  Investor
has not paid or become obligated to pay any fee or commission to any broker,
finder, investment banker or other intermediary in connection with this
Agreement or the transactions contemplated hereby.  Investor shall
indemnify and to hold the Company harmless of and from any liability for any
commission or compensation in the nature of a finder's fee to any broker or
other person or firm (and the costs and expenses of defending against such
liability or asserted liability) for which Investor, or any of Investor’s
employees or representatives, is, or is alleged to be, responsible.

    

    2.4.        Accredited
Investor.  Investor is an "accredited investor" within the
meaning of Rule 501 of Regulation D promulgated by the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the "Securities Act").

    

    2.5.        Investment
Intent.  Investor is acquiring the Note and Warrants (and will
acquire each of the Warrant Shares upon exercise of any of the Warrants) for
Investor’s own account, for investment only and not with a view to, or for sale
in connection with, a distribution of the Note, Warrants and/or Warrant Shares
or any part thereof, within the meaning of the Securities Act, and the rules and
regulations promulgated under the Securities Act, or any applicable state
securities or blue-sky laws and regulations.

    

    2.6.        Intent to
Transfer.  Investor is not a party or subject to or bound by
any contract, undertaking, agreement or arrangement with any Person (as such
capitalized term is defined below) to sell, transfer or pledge the Note, any
Warrants or any Warrant Shares, or any portion or proceeds of the Note, Warrants
and/or Warrant Shares to any Person, nor has a present intention to enter into
such a contract, undertaking, agreement or arrangement.  As used in
this Agreement, the capitalized term “Person” means any natural person,
corporation, partnership, limited liability company, limited liability
partnership, joint venture, trust or other entity.

    

    2.7.        Offering Exempt from
Registration; Company’s Reliance.  The Company has advised
Investor that:

    (a)     neither the
Note, Warrants nor Warrant Shares have been registered under the Securities Act
or under the securities laws of any state on the basis that the issuance of such
securities is (or will be) exempt from such registration;

    (b)     the
Company’s reliance on the availability of such exemption is, in part, based upon
the accuracy and truthfulness of Investor’s representations contained in this
Agreement;

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (c)     as a
result of such lack of registration, the Note, Warrants and Warrant Shares may
not be resold or otherwise transferred or disposed of without registration or
pursuant to or an exemption from registration available under the Securities Act
and such state securities laws.

    

    2.8.        Sophistication of
Investor.  Investor has evaluated the merits and risks of
acquiring the Note and has such knowledge and experience in financial and
business matters that Investor is capable of evaluating the merits and risks of
such acquisition, is aware of and has considered the financial risks and
financial hazards of acquiring the Note, Warrants and Warrant Shares and is able
to bear the economic risk of acquiring such securities, including the
possibility of a complete loss with respect thereto.

    

    2.9.        Access to
Information.  Investor has had access to such information
regarding the business and finances of the Company, and has been provided the
opportunity to discuss with the Company’s management the business, affairs and
financial condition of the Company and such other matters with respect to the
Company as would concern a reasonable person considering the transactions
contemplated by this Agreement and/or concerned with the operation of the
Company, including, without limitation, pursuant to a meeting and/or discussions
with management of the Company.

    

    2.10.      No
Guarantees.  That it never has been represented, guaranteed or
warranted to Investor by the Company, or by any of the Company’s officers,
directors, agents, representatives or employees, or any other Person, expressly
or by implication, that the past performance or experience on the part of the
Company or its predecessors, officers, directors, employees or any other Person,
will in any way (a) indicate any future results of the Company or (b) that the
Company will have the financial viability to repay the Note at the Note’s stated
maturity date or at any other time.

    

    2.11.      High Degree of Investment
Risk.  That Investor is aware that:

    (a)     The
acquisition of the Note, Warrants and Warrant Shares involves a high degree of
risk and may result in a loss of the entire amount invested;

    (b)     The
Company has limited working capital and limited sources of financing available;
and

    (c)     There
is no assurance that the Company’s operations will be profitable or cash flow
positive at any time in the future.

    

    2.12.      State of Principal Place of
Business.  That the address set forth in section 7.4 of this
Agreement is Investor’s true and correct principal place of business, and
Investor has no present intention of transferring its principal place of
business to any other country, state or jurisdiction.

    

    2.13.      No Purchaser
Representative.  Investor has not authorized any person or
institution to act as Investor’s “purchaser representative” (as such term is
defined in Rule 501 of Regulation D promulgated under the Securities Act) in
connection with Investor’s acquisition of the Note and Warrants.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    2.14.      No General
Solicitation.  Investor has not received any general
solicitation or general advertising regarding the sale or acquisition of the
Note and Warrants.

    

    2.15.      Company’s Financial
Condition.  Investor acknowledges that the Company’s operations
and cash flows are not sufficient to fund the Company’s repayment obligations
under the Note and that the primary, if only, source of funds to satisfy the
Company’s repayment obligations under the Note will be from additional financing
of the Company by third parties, none of which is subject to definitive
obligations on the part of any such third party.

    

    2.16.      Due
Diligence.  Investor has conducted the due diligence review of
the Company as Investor believes necessary under the circumstances and that
neither the Company (and its officers, directors, employees, agents and
representatives) has advised Investor concerning the nature and/or extent of
Investor’s due diligence review.

    

    2.18.      No Other Representations,
Warranties, Covenants or Agreements of the Company.  Except as
set forth in this Agreement, or the documents referred to herein, the Company
has not made any representation, warranty and covenant to Investor, nor has the
Company entered into any agreement with any of Investor with respect to the
matters contained in this Agreement or in the other agreements and documents
referred to in this Agreement.

    

    ARTICLE
III

    REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

    

    In order to induce Investor to
consummate the transactions contemplated by this Agreement, the Company hereby
represents and warrants to Investor as follows:

    

    3.1.        Corporate
Status.  The Company:

    (a)     Is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Nevada

    (b)     has
all necessary corporate power and authority to own, operate or lease the
properties and assets now owned, operated or leased by the Company and to carry
on the business of the Company, as it is now being conducted, and

    (c)     is
duly licensed or qualified and in good standing as a foreign corporation
authorized to do business in each jurisdiction wherein the character of the
properties owned or leased by the Company and/or the nature of the activities
conducted by the Company makes such licensing or qualification necessary, except
where the failure to be so licensed or qualified and in good standing would not
prevent the Company from performing any of its material obligations under this
Agreement and would not have a material adverse effect on the business,
operations or financial condition of the Company (a “Material Adverse
Effect”).

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    3.2.        Authority of
Agreement.  The Company has the power and authority to accept,
execute and deliver this Agreement and, upon acceptance by the Company, to carry
out the Company’s obligations under this Agreement; the execution, delivery and
performance by the Company of this Agreement and the consummation of the
transactions contemplated by this Agreement have been duly authorized by all
necessary corporate action on the part of the Company and this Agreement
constitutes the valid and legally binding obligations of the Company enforceable
against the Company in accordance with its terms, except as the same may be
limited by bankruptcy, insolvency, reorganization or other laws affecting the
enforcement of creditors’ rights generally now or hereafter in effect and
subject to the application of equitable principles and the availability of
equitable remedies; and the Note, upon issuance in accordance with the terms of
this Agreement, will be validly authorized, fully paid and
non-assessable.

    

    3.3.        Consents and Approvals; No
Conflict.

    

    (a)       The
acceptance, execution and delivery of this Agreement by the Company does not,
and the performance by the Company of its obligations under this Agreement will
not, require any consent, approval, authorization or other action by, or filing
with or notification to, any governmental or regulatory authority, other than in
connection with state securities or “blue sky” laws, except where failure to
obtain such consent, approval, authorization or action, or to make such filing
or notification, would not prevent the Company from performing any of its
material obligations under this Agreement and would not have a Material Adverse
Effect.

    

    (b)       The
acceptance, execution, delivery and performance of this Agreement by the Company
and the other agreements and documents to be executed, delivered and performed
by the Company pursuant to this Agreement and the consummation of the
transactions contemplated by this Agreement by the Company do not and will not
conflict with, violate or result in a breach or termination of any provision of,
or constitute a default under (or event which with the giving of notice or lapse
of time, or both, would become a default under) the Certificate of Incorporation
or By-laws of the Company, the breach of or constitute a default under any
indenture, agreement or undertaking to which the Company is a party or by which
the Company or its property may be bound or affected or, except as would not
prevent the Company from performing any of its material obligations under this
Agreement and would not have a Material Adverse Effect, any law, rule,
regulation, order, writ, judgment, injunction, decree, determination or award
applicable to the Company or give to others any rights of termination,
amendment, acceleration or cancellation of, or result in the creation of any
lien or encumbrance on any of the assets or properties of the Company pursuant
to, any note, bond, mortgage, indenture, contract, agreement, lease, license,
permit, franchise or other instrument relating to such assets or properties to
which the Company is a party or by which any of such assets or properties is
bound.

    

    3.4.        Absence of
Litigation.  No claim, action, proceeding or investigation is
pending which seeks to delay or prevent the consummation of the transactions
contemplated by this Agreement or which would be reasonably likely to adversely
affect the Company’s ability to consummate the Exchange or which would have a
Material Adverse Effect.

    

    3.5.        Extent of
Offering.  Subject in part to the truth and accuracy of
Investor’s representations set forth in Article III of this Agreement, the
offer, sale and issuance of the Note and Warrants, as contemplated by this
Agreement, are exempt from the registration requirements of the Securities Act
and applicable state securities laws.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    3.6.        Governmental Consent,
etc.  No consent, approval or authorization of or designation,
declaration or filing with any governmental authority on the part of the Company
is required in connection with the valid execution and delivery of this
Agreement, or the offer, sale or issuance of the Note and Warrants, or the
consummation of the transactions contemplated by this Agreement.

    

    3.7.        No Other Representations,
Warranties, Covenants or Agreements of the Company.  Except as
set forth in this Agreement, or the agreements and documents referred to in this
Agreement, Investor has not made any representation, warranty, covenant or
agreement with respect to the matters contained in this Agreement or such
agreements and documents.

    

    3.8.        No
Finder.  The Company has not retained a finder, or Person
performing such function, in connection with the transactions contemplated by
this Agreement.

    

    ARTICLE
IV

    CONDITIONS
TO OBLIGATIONS OF THE COMPANY

    

    The obligations of the Company under
this Agreement are, at the option of the Company, subject to the satisfaction at
and prior to the Closing Date of the following conditions:

     

    4.1.        Fulfillment of
Covenants.  All the terms, covenants and conditions of this
Agreement to be complied with and performed by Investor on or before the Closing
Date shall have been duly complied with and performed.

    

    4.2.        Accuracy of Representations
and Warranties.  All of the representations and warranties made
by Investor in this Agreement shall be true as of the Closing Date with the same
force and effect as though such representations and warranties had been made as
of the Closing Date.

    

    4.3.        No
Litigation.  There shall be no action, proceeding,
investigation or pending or actual litigation the purpose of which is to enjoin
or may be to enjoin the transactions contemplated by this Agreement, including,
without limitation, the sale and issuance of the Note and Warrants, or which
would have the effect, if successful, of imposing a material liability upon the
Company (other than the repayment obligations of the Company under the Note), or
any of the officers or directors thereof, because of or due to, in many
respects, the consummation of the transactions contemplated by this
Agreement.

    

    ARTICLE
V

    CONDITIONS
TO OBLIGATIONS OF INVESTOR

    

    The obligations of Investor under this
Agreement are, at the option of Investor, subject to the satisfaction at and
prior to the Closing Date of the following conditions:

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    5.1.        Fulfillment of
Covenants.  All the terms, covenants and conditions of this
Agreement to be complied with and performed by the Company on or before the
Closing Date shall have been duly complied with and performed.

    

    5.2.        Accuracy of Representations
and Warranties.  All of the representations and warranties made
by the Company in this Agreement shall be true as of the Closing Date with the
same force and effect as though such representations and warranties had been
made as of the Closing Date.

    

    5.3.        No
Litigation.  There shall be no action, proceeding,
investigation or pending or actual litigation the purpose of which is to enjoin
or may be to enjoin the transactions contemplated by this Agreement or which
would have the effect, if successful, of imposing a material liability upon
Investor because of or due to, in many respects, the consummation of the
transactions contemplated by this Agreement.  There shall be no
action, proceeding, investigation or pending or actual litigation against or
with respect to the Company, Note, Warrants, outstanding shares of Common Stock
or the Warrant Shares which could, in any way, invalidate or damage this
Agreement or value of the Notes and Warrants which Investor is acquiring
pursuant to this Agreement.

    

    ARTICLE
VI

    CLOSING

    

    6.1.        Closing
Date.  The consummation of the transactions contemplated by
this Agreement (the “Closing”) shall take place at the offices of the Company’s
counsel, Moritt Hock Hamroff & Horowitz LLP, located at 400 Garden City
Plaza, Garden City, New York 11530, at 10:00 a.m., local time, on May 14, 2010
(the “Closing Date”), or such other time or place as shall be mutually agreed
upon by the parties to this Agreement.

    

    6.2.        Deliverables by the
Company.  At the Closing, the Company shall deliver to Investor
the following:

    (a)      The
Note, duly dated and executed; and

    (b)      The
Warrant Certificate, duly dated and executed.

    

    6.4.        Deliverables by
Investor.   At the Closing, Investor shall deliver to the
Company the following:

    (a)      the
Purchase Price, by check or wire transfer.

    

    ARTICLE
VII

    GENERAL

    

    7.1.        Payment of
Expenses.  Each party shall bear its own expenses with respect
to this Agreement and the transactions contemplated hereby.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    7.2.        Consent to Jurisdiction and
Waivers.  The parties hereto each irrevocably consents that any
legal action or proceeding against any of them under, arising out of or in any
manner relating to, this Agreement or any other document delivered in connection
herewith, may be brought in any court of the State of New York of competent
jurisdiction located within Nassau County or in the United States District Court
for the Eastern District of New York.  The parties to this Agreement,
by the execution and delivery of this Agreement, expressly and irrevocably
consent and submit to the personal jurisdiction of any of such courts in any
such action or proceeding.  The parties hereto hereby expressly and
irrevocably waive any claim or defense in any such action or proceeding based on
any alleged lack of personal jurisdiction, improper venue or forum non
convenient or any similar basis.

    

    7.3.        Amendments and
Waivers.

    

    (a)           Except
as otherwise provided herein, the provisions of this Agreement may not be
amended, modified or supplemented without the written consent of each of the
parties to this Agreement.  Any of the parties may, by written notice
to the other party:

    (i)           waive
any of the conditions to such party’s obligations under this Agreement or extend
the time for the performance of any of the obligations or actions of the other
party,

    (ii)    
     waive any inaccuracies in the representations of
the other contained in this Agreement or in any documents delivered pursuant to
this Agreement,

    (iii)         waive
compliance with any of the covenants of the other party contained in this
Agreement and

    (iv)    
    waive or modify performance of any of the obligations of
the other party.

    

    (b)           No
action taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party, shall be deemed to constitute a
waiver by the party taking such action or compliance with any representation,
warranty, condition or agreement contained herein.  Waiver of the
breach of any one or more provisions of this Agreement shall not be deemed or
construed to be a waiver of other breaches or subsequent breaches of the same
provisions.

    

    7.4.        Notices.  All
notices, demands, requests, demands and other communications required or
otherwise given under this Agreement shall be in writing and shall be deemed to
have been duly given if: (i) delivered by hand against written receipt therefor,
(ii) forwarded by a third party company or governmental entity providing
delivery services in the ordinary course of business which guarantees delivery
the following business day, or (iii) mailed by registered or certified mail,
return receipt requested, postage prepaid, addressed (with respect to clauses
(ii) and (iii)) as follows:

    

    If to the Company,
to:                      Mark
L.M. Quinn, Chief Executive Officer

    Clenergen Corporation

    Bath House

    Chapel Place

    London, Great Britain EC2A
3DQ

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
 

    with a copy
to:                   Dennis
C. O’Rourke, Esq.

    Moritt Hock Hamroff & Horowitz
LLP

    400 Garden City Plaza

    Garden City, New York
11530

    

    If to the Trust,
to:                             Vastani
Trading Limited

    Friededstrasstrabe 6-O

    Frankfurt 60311 Germany

    

    with a copy to:

    

    or, in
the case of any of the parties to this Agreement, at such other address as such
party shall have furnished to each of the other parties hereto in accordance
with this section 8.4.  Each such notice, demand, request or other
communication shall be deemed given (x) on the date of such delivery by hand,
(y) on the first business day following the date of such delivery to the
overnight delivery service or (z) three business days following such
mailing.

    

    7.5.        Successors and Assigns:
Holders and Third Parties as Beneficiaries.  This Agreement
shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and assigns.

    

    7.6.        Counterparts.  This
Agreement may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which taken together shall constitute one and the
same agreement.

    

    7.7.        Headings.  The
headings of the articles, sections, paragraphs and clauses in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the
meanings or interpretations of the terms contained therein.

    

    7.8.        Governing
Law.  This Agreement and the rights, obligations and
liabilities of the parties hereto shall be governed by and construed and
interpreted in accordance with the laws of the State of New York without regard
to the conflicts of laws principles thereof.

    

    7.9.        Severability; Specific
Enforcement.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstances, is
held invalid, illegal, or unenforceable for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions contained in this Agreement shall not be in any way
impaired thereby, it being intended that all of the rights and privileges of the
parties to this Agreement shall be enforceable to the fullest extent permitted
by law.  Each of the parties to this Agreement acknowledge that the
other parties would not have an adequate remedy at law for money damages in the
event that any of the covenants or agreements of any other party in this
Agreement were not performed in accordance with its terms and therefore agrees
that the other parties shall be entitled to specific enforcement of such
covenants or agreements and to injunctive and other equitable relief in addition
to any other remedy to which it may be entitled, at law or in
equity.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    7.10.     Entire Agreement;
Survival.  This Agreement and the agreements referred to herein
are intended by the parties as a final expression of their agreements and are
intended to be a complete and exclusive statement of the agreements and
understandings of the parties to this Agreement in respect of the subject matter
contained in this Agreement and therein.  There are no restrictions,
promises, representations, warranties or undertakings, with respect to the
subject matter of this Agreement, other than those set forth or referred to in
this Agreement and therein.  This Agreement and the agreements
referred to in this Agreement supersede all prior agreements and understandings
between the parties with respect to such subject matters.

    

    7.11.     Binding
Nature.  This Agreement shall be binding upon and inure to the
benefit of the parties hereto.  No party to this Agreement may assign
or transfer any rights under this Agreement.

    

    7.12.     Use of Certain Terms and
References.  The words “hereof,” “herein” and “hereunder” and
words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement; the
term “or” shall be deemed to include the term “and/or;” singular or plural
tenses shall be deemed to include the opposite whenever the context so indicates
or requires; and article, section, subsection, paragraph, clause, schedule and
exhibit references are to this Agreement unless otherwise
specified.

    

    7.13.     No Insider
Trading.  Investor agrees and covenants that it will not engage
in any transaction with respect to securities of the Company at any time if, at
the time of such transaction, the Trust is aware of any material non-public
information relating to the Company or the Company’s securities.

    

    IN WITNESS WHEREOF, the parties hereto
have duly executed this Agreement as of the date first above
written.

    

    
      
        	
                The
      Company:

              
	
                Clenergen
      Corporation

              
	 
      	 
      
	
                By:

              	
                /s/ Mark L.M. Quinn

              
	 
      	
                Mark
      L.M. Quinn

              
	 
      	
                Chief
      Executive Officer

              
	 
      	 
      
	
                Investor:

              
	
                Vastani
      Trading Limited

              
	 
      	 
      
	
                By:

              	
                /s/ Jan Marcus

              
	 
      	
                Jan
      Marcus, President

              

      

    

    
      
         

      

      
        10

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