Document:

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                                                                    EXHIBIT 10.1

                                    AGREEMENT

         THIS AGREEMENT dated this 5th day of May 2002 by and between Power
Technologies, Inc. ("PWTC") and Reed Wallace (hereinafter referred to as
"Consultant").

         WHEREAS, PWTC is engaged in the business of developing technologies for
companies which assist them in constructing infrastructure projects in the oil
and gas sector. Specifically, PWTC has a "Pipe-Welding Technology" which it
believes will be of interest to certain companies located in the former Soviet
Republics.

         WHEREAS, Consultant is engaged in the business of providing business
contacts and services to companies wishing to do business with companies wishing
to do business with companies of the former Soviet Republic.

         WHEREAS, Consultant through his contacts, has a relationship with
certain large corporations in for former Soviet Republic which may have interest
in PWTC's technology.

         WHEREAS, Consultant will make a presentation in Russia to varies
corporations in an effort to receive a "Letter of Interest" from one of these
companies to use or develop PWTC's "Pipe-Welding technology".

         WHEREAS, PWTC has agreed to pay Consultant a fee in common shares and
options for its services. These common shares, at the time of delivery shall be
"fully paid and unrestricted".

         Now in consideration of the mutual premises the parties agree as
follows:

         1. Upon engagement of Consultant, PWTC shall issue 150,000
("free-trading") shares and 200,000 option @ $.25 (exercisiable for a period of
two years) as follows:

                  a.  90,000 shares and 100,000 options    Reed Wallace
                  b.  30,000 shares and 50,000 options     Konstantin Leviev
                  c.  30,000 shares and 50,000 options     Melvin Adler

         2. Upon receipt of "Letter of Interest", PWTC shall issue 150,000
("free-trading") shares as follows:

                  a.  56,250 shares    Reed Wallace
                  b.  56,250 shares    Konstantin Leviev
                  c.  37,500 shares    Melvin Adler

         3. PWTC shall be solely responsible for, and hold harmless and
indemnify the Consultants from and against, all losses, claims, damages,
liabilities and expenses (including any and all reasonable expenses and
attorneys fees incurred in investigating, preparing or defending against any
litigation or proceeding, commenced or threatened, or any claim whatsoever
whether or not resulting in any liability in connection with Consultants
provision of the Services, unless such loss, claim, damage, liability or
expensed results from the misconduct or gross negligence of Consultants, its
employees or agents.

         4. The Parties agree that no failure or delay in exercising any right,
power or privilege hereunder will operate as a waiver thereof, nor will any
single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege hereunder.

         5. This Agreement will be governed by and construed in accordance with
the laws of the State of Nevada applicable to contracts between residents of
that State and executed in and to be performed in that State.

         6. This Agreement contains the entire agreement among the Parties
concerning the confidentiality of the Information. No modifications of this
Agreement or waiver of the terms and conditions hereof will be binding unless
approved by each of the Parties.

         7. Arbitration. All controversies arising out of or relating to this
Agreement, or any modification of this

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Agreement, shall be settled by arbitration held in the County of Clark, State of
Nevada, in accordance with the American Arbitration Association. Each party
shall select and appoint an arbitrator who is a person familiar with funding
agreements as covered by this contract. The two arbitrators appointed shall
appoint a third arbitrator who possesses like qualifications. The cost and
expenses and fees of the arbitrators shall be bore by the parties equally or may
be assessed by the arbitrators, in whole or in part, against either party to
this Agreement.

         This letter agreement may be executed in two or more counterparts, each
of which shall be deemed to be an original but all of which shall constitute the
same agreement.

         Please confirm your agreement with the foregoing by signing and
returning the original of this letter or copy/fax copy to the undersigned,
whereupon this letter agreement shall become a binding agreement between each of
you and the Company.

ACCEPTED AND AGREED to as
of the date first written above:

Power Technology, Inc. ("PWTC")
100 W. Bonanza Road
Las Vegas, Nevada 89106

By:    /s/ Lee Balak
   -------------------------
Name:  Lee Balak
Title: President

Reed Wallace
CONSULTANT

By:   /s/ Reed Wallace
   -------------------------
Name: Reed Wallace<PAGE>

                                                                    EXHIBIT 10.2

               CONFIDENTIALITY, NON-COMPETITION, NON-CIRCUMVENTION
                                  FEE AGREEMENT

This CONFIDENTIALITY, NON-COMPETITION, NON-CIRCUMVENTION, FEE AGREEMENT
("Agreement"), is entered into on the date set forth by the signatures of the
parties, below, is by and between ALLEN Consulting, a solely owned entity
(referred to as "ALLEN") and Power Technology Incorporated a Public Corporation,
and it's subsidiaries (referred to as "Power Technology"), their officers,
directors, shareholders, successors and assigns (together, the "Parties");

         WHEREAS, ALLEN and or its assigns is in the business of financing,
investing, developing, marketing, merging, managing, staffing, deploying,
consulting, advising, manufacturing, engineering for certain companies,
corporations their technologies, processes and general applications and other

         WHEREAS, Power Technology and or its assigns is in the business of
developing, utilizing and deploying advance technology including marketing,
referring for institutions, corporations, individuals and industry, and
acquiring, financing, investing in or entering into other business relationships
with a variety of companies, or is in a similar business to ALLEN and or its
assigns; and other

         WHEREAS, ALLEN and Power Technology are interested in exchanging
confidential and proprietary information with each other (i) to investigate the
potential for Power Technology to invest in or enter into some business or
financial arrangement or combination with ALLEN and or its assigns or its
successor; and to investigate the potential for ALLEN to introduce strategies
and relationships, and (ii) to determine the appropriateness of and to evaluate
the feasibility of a joint venture, business or investment relationship or
arrangement, collaborative marketing effort or other common enterprise or
financing arrangement by and between ALLEN or its successor and Power
Technology, and all such confidential, proprietary or non-public information
(all of which collectively "Evaluation Material") to be related to or disclosed
by either Party to the other Party is vital to each Party's business success,
and to guard the legitimate interests of each Party it is necessary for them to
protect the integrity of their confidential and proprietary information by
maintaining and treating all such Evaluation Material as secret and
confidential; and

         NOW, THEREFORE, in consideration of the mutual terms and conditions
herein contained, the Parties consent and agree as follows:

         1. CONFIDENTIALITY; DISCLOSURE OF EVALUATION MATERIAL: The Parties
shall disclose each to the other such Evaluation Information as necessary,
required and reasonable to enable each to determine whether to enter into a
business relationship with each other. Such Evaluation Material shall include
any business plans, marketing information, business relationships or letter or
letters of intent, financial projections for the proposed marketplace(s), or any
other information, whether in writing or disclosed orally, and whether disclosed
by the Parties or their authorized agents, attorneys and accountants. All such
Evaluation Material is and shall be considered secret and proprietary, and is
disclosed in confidence. Neither party shall disclose any Evaluation Material,
except as contemplated by this Agreement; provided, however, that any Evaluation
Material may be disclosed (i) to any third party with the prior written consent
of the party which initially disclosed such information, or (ii) to such of its
officers, attorneys or accountants as necessary for its evaluation and due
diligence process, such parties being bound by this Agreement, or (iii) as
required by law, except that the party responsible for maintaining the
confidentiality of Evaluation Material disclosed to it shall first and without
delay give notice of such legal requirement to the other Party so that it shall
have an opportunity to take whatever steps available to it to legally prevent
such disclosure.

         2. NON-COMPETITION: Neither Party shall use defined confidential
Evaluation Material provided to it by the other Party for the purpose of
directly or indirectly competing with the disclosing Party. In addition, neither
Party shall use any Evaluation Material for any purpose other than to evaluate a
business or financial opportunity or relationship between the Parties. Neither
Party shall use any Evaluation Material of the other Party in any way directly
or indirectly detrimental to the other Party.

         3. NON-CIRCUMVENTION: ALLEN and or its assigns has developed
confidential and critical business connections or relationships; and both ALLEN
and Power Technology have relationships with financing and capital sources and
providers; all of which are essential to such Party's business plans and
opportunities, and are considered

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and held confidential to and by such Party, and are therefor confidential and
proprietary contacts and relationships. Neither Party shall, without the express
written consent of the other Party, directly or indirectly: contact or enter
into any business, research or financial relationship with any contact disclosed
by the other Party not previously known and acknowledged upon signing by the
Party. All introductions or disclosures shall be made in strictest confidence
and only for purposes of each Party evaluating the potential business
opportunity with the other Party.

         4. OWNERSHIP OF EVALUATION MATERIAL: All Evaluation Material, including
any and all written or oral information or documents, notes, drawings and
communications provided to each Party shall be and remain the sole and exclusive
property of the disclosing Party which alone shall possess all rights and
interests therein. All Evaluation Material, and all notes and records relating
to oral disclosures, shall be promptly returned to the disclosing Party upon
completion of the purpose for which it was disclosed, but no later than ten (10)
days after request for return by the disclosing Party.

         5. TERM OF AGREEMENT: The provisions of this Agreement shall remain in
force for a period of two (2) years from the date of the last documented
disclosure of Evaluation Material. Nothing in this Agreement prevents or
precludes either Party from engaging in their normal and customary businesses;
provided, however, that no Evaluation Material shall be used in said business.

         6. EMPLOYEES AND AGENTS: Each Party agrees that such of that Party's
employees, agents, advisors and the like required to have access to the
Evaluation Material of the other Party hereto is and shall be bound by the terms
of this Agreement.

         7. FEE ARRANGEMENTS: Power Technology agrees to pay four hundred
thousand shares (400,000) as an engagement and structuring fee as follows:
100,000 shares at the signing, 150,000 shares at a purchase price of $.25 per
share, 150,000 shares at $ .50 per share. All of the above shares will in
unrestricted, free trading shares of Power Technology. The Three Hundred
Thousand shares at their respective strike prices will remain available for
purchase for a period of 24 months from the effective date of this agreement.
Said shares will also be available as a cashless exercise. At closing when ALLEN
supplies acquisitions or technologies to Power Technology, ALLEN shall receive a
fee of five percent (5%) at closing, in stock, for any equity or at the rate of
valuation of corporations, technologies or value for any funding, acquisition,
technology, capitalization, joint venture, merger, debt financing (for customer
/ company business) or financial growth, new business, or contributions via
equity or equity in kind brought forth by ALLEN. Power Technology also agrees to
pay three percent (3%) commission for any new business introduced by ALLEN for
companies owned by Power Technology, based on the gross sales, generated by
these relationships. This commission is to be paid fifteen days after Power
Technology is in receipt of the sales revenue. All records and progress shall be
reported on a monthly program agreed by both parties once companies or products
are introduced into this program. In addition, as approved in monthly work
sheets, any out of pocket expenses incurred in the pursuit of funding or sales
relationships shall be reimbursed by Power Technology within thirty days (30) of
invoicing. All assignments and goals are to be approved in writing after signing
of this agreement. A monthly fee, based on execution of Exhibit A, of 10,000
free trading shares will be paid at the first of each month. This monthly fee
arrangement shall continue for twelve months and be revisited at the end of
twelve months.

         8. PARTNERSHIP/AGENCY: Each Party agrees that no agency, partnership,
joint venture or other obligation to such is created by this Agreement, and that
nothing in this Agreement shall obligate any Party in any manner whatsoever with
respect to the entering into of any business or financial relationship between
the Parties. Should the Parties, subsequent to their due diligence and review of
the Evaluation Material, decide to enter into a business relationship with each
other, then such business relationship will be detailed in a separately executed
document or letter of intent by and between the Parties.

         9. SEVERABILITY OF PROVISIONS: If any provision in this Agreement is
held by a court of competent jurisdiction to be invalid, void or unenforceable,
the remaining provisions shall nevertheless continue in full force and effect
without being impaired or invalidated to any degree. The failure of either Party
to enforce any provision of this Agreement shall not be construed as a waiver of
any such provision or any other provision of this Agreement. The rights granted
both Parties herein are cumulative and the waiver by a Party of any of its
rights hereunder shall not constitute a continuing or complete waiver of such
Party's right to assert all legal remedies available for breach hereof by the
other Party.

         10. CAPTIONS: The captions in this Agreement are for convenience only
and shall not have any effect in construing the terms of this Agreement.

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         11. EQUITABLE RELIEF: The Parties agree that money damages alone would
not be a sufficient remedy for any breach of this Agreement, and that in
addition to all other remedies, the Parties shall be entitled to specific
performance and injunctive or other equitable relief as additional remedies for
any such breach, and each Party agrees to waive any requirement for the securing
or posting of any bond by the other Party in connection with such remedy or
relief.

         12. GOVERNING LAW: This Agreement shall be governed by and construed in
accordance with the laws of the State of Tennessee, without giving effect to the
principles of conflict of laws of such state.

         13. ENTIRE AGREEMENT; MODIFICATION: This Agreement constitutes the
entire agreement between the Parties hereto and covers their entire relationship
concerning the Confidentiality, Non-Competition, Non- Circumvention and Fee
between them. All prior or contemporaneous promises, representations,
understandings or agreements, verbal or otherwise, are hereby expressly merged
and superseded. No agent or employee of either Party is authorized to make any
modification, addition, or amendment to, or waiver of this Agreement or any of
its provisions, unless in writing and signed by the authorized officers or
signatories of the Parties hereto.

         14. AUTHORITY: Each Party represents, warrants and verifies that the
individual(s) executing this Agreement on behalf of each Party so named has the
power and is duly authorized to enter into this Agreement and bind their
respective entities, and the Party's signatures given below constitute valid and
legal signatures of such Party sufficient to bind the terms, covenants and
provisions hereof. This Agreement may be executed in multiple counterparts, with
copies exchanged by telefacsimile containing signatures thereon, any such
executed copy to be fully enforceable as if it were an executed original
document.

IN WITNESS WHEREOF, the Parties have executed and have AGREED TO and ACCEPTED
this Confidentiality, Non- Competition, Non-Circumvention and Fee Agreement this
5th day of May, 2002.

ALLEN Consulting

By:   /s/ Bart Siegel
   -------------------------

Power Technology Inc.

By: /s/ Lee Balak
   -------------------------
Title: President

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                                    Exhibit A

1.  Acquire or Joint Venture with the following companies:
        a.  Outage Notification Corporation
        b.  Power Backup Supply Corporation
        c.  Sales and Distribution Corporation - Small - Midsize Businesses
        d.  Diesel Emissions Device Corporation
        e.  Marketing Group - with NASCAR teams an MotorWeek group
        f.  Traction Control Device Corporation / BASF Join Venture
        g.  Advance Spark Technology Corporation / Delphi Project

2.  Recruitment:
        a.  CEO
        b.  Two board positions
        c.  Prototype Manufacturing facility Manager

3.  Technology:
        a.  Assist with all patented technologies:
                     i.      Technical Review
                     ii.     Marketing Avenues
                     iii.    Corporate and Industrial Deployment
                     iv.     Manufacturing Review
                     v.      Advance Cost Evaluation

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