Document:

Unassociated Document

    

    MEMBERSHIP
      PURCHASE AGREEMENT

    

    

    THIS
      MEMBERSHIP PURCHASE AGREEMENT (this "Agreement") is entered into as of this
      26th
      day of March, 2007 by and between Energtek Inc., a Nevada corporation or an
      affiliate thereof (“Purchaser") and HEEF Holdings Ltd, a company organized under
      the laws of St. Kitts and Nevis ("Seller").

    

    Preliminary
      Statement

    

      Seller
      desires to sell to Purchaser, and Purchaser desires to buy from Seller, all
      their membership interests (the “Membership Interests”), of Primecyl LLC, a New
      York limited liability company(the “Company”), on the terms and subject to the
      conditions set forth in this Agreement.

     

      In
      consideration of the foregoing and the mutual promises contained herein, the
      parties agree as follows:

    

    1.
       PURCHASE
      AND SALE OF MEMBERSHIP INTERESTS. Upon the terms and subject to the conditions
      set forth in this Agreement, Seller shall sell, assign, transfer and convey
      to
      Purchaser, and Purchaser shall purchase, obtain and acquire from Seller, all
      of
      Seller's right, title and interest in and to the Membership Interests, free
      and
      clear of all claims, liens, mortgages, charges, security interests, encumbrances
      and other restrictions and limitations of any kind whatsoever. In addition
      Seller sells, transfers and assigns to Purchaser all of Seller's rights on
      the
      debts of the Company towards Seller.

    

    2.
       PURCHASE
      PRICE. The total purchase price for the Membership Interests and for the debts
      of the Company towards Seller is Forty Thousand Dollars ($40,000) (the “Purchase
      Price”).

     

    3.
       DELIVERIES.
      In consideration for the Seller's sale, assignment, transfer and conveyance
      of
      the Membership Interests, Purchaser hereby undertakes to transfer to Seller
      the
      Purchase Price within five banking days from the signing of this Purchase
      Agreement, and following the delivery by Seller to Purchaser of a power duly
      executed by Seller evidencing the transfer of Membership Interests to Purchaser.
      

     

    4.
      REPRESENTATIONS OF SELLER. Seller hereby represents and warrants to Purchaser
      as
      follows:

    

    (a)
      Seller is a duly organized and validly existing company in good standing under
      the laws of Nevis

    

    (b)
      The
      Company is duly organized and validly existing limited liability company in
      good
      standing under the laws of the State of New York. A copy of the proof of
      publication of the Company is attached hereto. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)
      Neither the execution or delivery of this Agreement nor the performance of
      its
      obligations hereunder conflict with or result in a breach of or constitute
      a
      default under or will result in the creation of or an imposition of any claim,
      lien, mortgage, charge, security interest, encumbrance and other restrictions
      and limitations of any kind whatsoever (collectively, “Encumbrances”) upon any
      of the properties or assets of Seller or any agreement to which Seller may
      be a
      party or by which its property or assets may be subject.

    

    (d)
      Seller has full right, power and authority to enter into this Agreement and
      to
      consummate the sale of the Membership
      Interests.
      This
      Agreement has been duly and validly executed and delivered by Seller, and is
      a
      valid and binding agreement of the Seller, enforceable in accordance with its
      terms. 

    

    (e)
      The
      execution, delivery and performance of this Agreement by the Seller does not
      and
      will not conflict with or violate any provision of law or regulation, or any
      writ, order or decree of any court, governmental regulatory authority or agency
      or any applicable license, franchise, certificate, permit, authorization,
      approval or consent, which would have a material adverse effect on it, or any
      provision of its Certificate of Incorporation or By-laws, and do not and will
      not result in a breach of, or constitute a default under or require any consent
      pursuant to any agreement, contract, arrangement or understanding to which
      it is
      a party. The execution and delivery of this Agreement and the purchase of the
      Membership
      Interests
      by the
      Purchaser (i) requires no consent, approval or authorization from any court,
      governmental regulatory authority or agency or any other person; and (ii) will
      not result in the execution or impo-si-tion of any lien, charge or encumbrance
      upon any of its property under any indenture or instrument to which it is a
      party, or by which any of its property or business may be bound.

    

    (f)
      The
      Seller is the sole record and legal owner of the Membership Interests, and
      has
      good and valid title to the Membership Interests, free and clear of any
      Encumbrances. Upon payment of the Purchase Price, Purchaser shall be the lawful
      record and beneficial owner of the Membership Interests, free and clear of
      all
      Encumbrances. The Membership Interests have been legally and validly issued
      and
      are fully paid and non-assessable. There are no agreements, arrangements, or
      understandings with respect to the Membership Interests or the Seller’s
      ownership thereof. The Membership Interests were not issued in violation of
      any
      preemptive or any other rights. The Membership Interests represent all the
      ownership in the Company, and there are no options, warrants, convertible
      securities or other rights, agreements, arrangements, or commitments of any
      character relating to the membership interests of the Company or obligating
      the
      Seller or the Company to issue or sell any membership interests of, or any
      other
      interest in, the Company. There are no outstanding contractual obligations
      of
      the Seller or the Company to repurchase, redeem or otherwise acquire any
      membership interests of the Company or to provide funds to, or make any
      investment (in the form of a loan, capital contribution or otherwise) in, any
      other person or entity. There is no operating agreement, voting agreements,
      proxies or any other agreements or arrangements with respect to the Membership
      Interests. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (g) The
      Seller is not a party to or threatened with, any litigation, suit, action,
      investigation, proceeding or controversy before any federal, state or local
      or
      any foreign government, governmental, regulatory or administrative authority,
      agency or commission or any court, tribunal, or judicial or arbitral body
      (“Governmental Authorities”).

    

    (h)
       The
      only
      asset of the Company is the 99.5% membership interest in Ukcyl, a limited
      liability company organized under the laws of Ukraine. The only liabilities,
      debts or obligations of the Company are indicated on Schedule A attached
      hereto.

    

    (i) The
      Company has timely prepared and filed all tax returns required to have been
      filed by the Company with all appropriate Governmental Authorities and timely
      paid all taxes shown thereon or otherwise owed by it. There are no unpaid
      assessments against the Company or any basis for the assessment of any
      additional taxes, penalties or interest for any fiscal period or audits by
      any
      Governmental Authority. All taxes that the Company is required to withhold
      or to
      collect for payment have been duly withheld and collected and paid to the proper
      Governmental Authority or third party when due. There are no tax liens or claims
      pending or threatened against the Company or any of its assets or property.
      There are no outstanding tax sharing agreements or other such arrangements
      between the Company and any person.

    

    5.
      REPRESENTATIONS OF PURCHASER. Purchaser hereby represents and warrants to Seller
      as follows:

    

    (a)
      Purchaser understands that the Membership Interests have not been registered
      under the Securities Act of 1933 (the "1933 Act") or the laws of any state,
      that
      the sale of the Membership Interests to Purchaser is being undertaken in
      reliance upon an exemption from the registration requirements of the 1933 Act
      if
      applicable, and that the certificates evidencing the Membership Interests will
      be endorsed with a restrictive legend if required.

    

    (b)
      Purchaser: (i) is acquiring the Membership Interests solely for Purchaser's
      own
      account for investment purposes only and not with a view toward resale or
      distribution thereof, in whole or in part; (ii) has no contract, undertaking,
      agreement or other arrangement, in existence or contemplated, to sell, pledge,
      assign or otherwise transfer the Membership Interests to any other person;
      

    

    (c)
      Purchaser
      has full
      right, power and authority to enter into this Agreement and to consummate the
      sale of the Membership
      Interests.
      This
      Agreement has been duly and validly executed and delivered by Purchaser, and
      is
      a valid and binding agreement of the Purchaser, enforceable in accordance with
      its terms. 

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    6.
      MISCELLANEOUS.

    

    (a)
      This
      Agreement represents the entire agreement between the parties hereto with
      respect to the transactions contemplated hereby and supersedes all prior
      agreements with respect thereto, whether written or oral.

    

    (b)
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without regard, however, to such jurisdiction's principles
      of
      conflict of laws.

    

    (c)
      This
      Agreement may be executed in counterparts and by facsimile, each of which shall
      be an original, but all of which shall constitute but one
      Agreement.

    

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

     

    
      	 	 	 
	 	HEEF
              HOLDINGS
              Ltd
	 
 	 
 	 
 
	Date: 	By:  	/s/ Valery
              Rodionov
	 	
              
Name:
              Valery Rodionov
	 	Title:
              Director

    

     

    
      	 	 	 
	 	ENERGTEK
              INC.
	 
 	 
 	 
 
	Date: 	By:  	/s/ Doron
              Uziel
	 	
              
Name:
              Doron Uziel
	 	
              Title:  
                President, Chief Executive Officer

              Chief
                Financial Officer and Director 

              Chief
                Accounting Officer

              (Principal
                Executive, Financial and Accounting
                Officer)

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    SCHEDULE
      A

    

    The
      debts
      of Primecyl LLC (and Ukcyl Ltd.) are those reflected in the financials of
      Primecyl LLC and Ukcyl Ltd. hereinbelow.

     

    
      	 	
              PRIMECYL

              Balance
                Sheet

              As
                of March 15, 2007

            

    

    

      
        	 	 	
                 As
                  of 15/Mar/07

              	 
	
                Assets

              	 	 	 	 
	
                Current
                  Assets

              	 	 	 	 
	
                Cash

              	 	
                $

              	
                29,673

              	 
	
                Total
                  Current Assets

              	 	
                $

              	
                29,673

              	 
	
                Total
                  Assets

              	 	
                $

              	
                29,673

              	 
	
                Liabilities
                  & Equity

              	 	 	 	 
	
                Liabilities

              	 	 	 	 
	
                Current
                  Liabilities

              	 	 	 	 
	
                Accounts
                  payable

              	 	
                $

              	
                3,000

              	 
	
                Accounts
                  payable - Parent Company

              	 	
                $

              	
                37,900

              	 
	
                 Total
                  Current Liabilities

              	 	
                $

              	
                40,900

              	 
	
                 Equity

              	 	 	 	 
	
                 Common
                  Stock

              	 	 	
                -

              	 
	
                Additional
                  Paid-in Capital

              	 	 	
                1,000

              	 
	
                Accumulated
                  losses

              	 	
                
                  $

                

              	
                
                  (12,227

                

              	
                )

              
	
                Total
                  Equity

              	 	
                $

              	
                (11,227

              	
                )

              
	
                Total
                  Liabilities & Equity

              	 	
                $

              	
                29,673

              	 

      

    

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     

    
       

      
        	 	
                PRIMECYL

                
                  Profit
                    and Loss

                

                
                  For
                    the period January 1 - March 15,
                    2007

                

              

      

      

        

        
          	 	 	
                  1/Jan/07
                    - 15/Mar/07

                	 
	
                  Ordinary
                    Income/Expense

                	 	 	 
	
                  Expense

                	 	 	 
	
                   Consulting

                	 	
                  $

                	
                  4,800

                	 
	
                   Legal
                    and Legal Fees

                	 	
                  $

                	
                  4,546

                	 
	
                   Accounting

                	 	
                  $

                	
                  1,100

                	 
	
                   Travel
                    Expense

                	 	
                  $

                	
                  1,781

                	 
	
                  Total
                    Expense

                	 	
                  $

                	
                  12,227

                	 
	
                  Net
                    Losses

                	 	
                  $

                	
                  
                    (2,227

                  

                	)

        

      

      
        
           

          
            	 	
                    PRIMECYL

                    Cash
                      Flow Statement

                    
                      
                        For
                          the period January 1 - March 15,
                          2007

                      

                    

                  

          

           

          

            
              	 	 	
                      1/Jan/07
                        - 15/Mar/07

                    	 
	
                      OPERATING
                        ACTIVITIES

                    	 	 	 
	
                      Net
                        Income

                    	 	
                      $

                    	
                      (12,227

                    	
                      )

                    
	
                      Adjustments
                        to reconcile net income to net cash provided by Operating
                        Activities

                    	 	 	 	 
	
                      Accounts
                        Payable

                    	 	
                      $

                    	
                      3,000

                    	 
	
                      Net
                        Cash provided by Operating Activities

                    	 	
                      $

                    	
                      (9,227

                    	
                      )

                    
	
                      INVESTING
                        ACTIVITIES

                    	 	 	
                      -

                    	 
	
                       

                    	 	 	
                    	 
	
                      Net
                        Cash provided by Investing Activities

                    	 	 	
                      -

                    	 
	
                      FINANCING
                        ACTIVITIES

                    	 	 	 	 
	
                      Loan
                        from parent company

                    	 	
                      $

                    	
                      37,900

                    	 
	
                      Issuance
                        of common stock

                    	 	
                      $

                    	
                      1,000

                    	 
	
                      Net
                        Cash provided by Financing Activities

                    	 	
                      $

                    	
                      38,900

                    	 
	
                      Net
                        cash change for the Period

                    	 	
                      $

                    	
                      29,673

                    	 
	
                      Cash
                        at beginning of the period

                    	 	 	
                      -

                    	 
	
                      Cash
                        at end of the Period

                    	 	
                      $

                    	
                      29,673

                    	 

            

             

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

      

    

    
       

      
        	 	
                UKCYL

                
                  Balance
                    Sheet

                

                
                  
                    As
                      of March 15, 2007

                  

                

              

      

      
         

      

    

    

    
      	 	 	
               As
                of 15/Mar/07

            	 
	
              Assets

            	 	 	 
	
              Current
                Assets

            	 	 	 
	 	 	 	 
	
              Cash

            	 	
              $

            	
              29,673

            	 
	 	 	 	 	 
	
              Total
                Current Assets

            	 	
              $

            	
              29,673

            	 
	
              Total
                Assets

            	 	
              $

            	
              29,673

            	 
	
              Liabilities
                & Equity

            	 	 	 	 
	
              Liabilities

            	 	 	 	 
	
              Current
                Liabilities

            	 	 	 	 
	
              Accoutns
                payable

            	 	
              $

            	
              3,000

            	 
	
              Total
                Current Liabilities

            	 	
              $

            	
              3,000

            	 
	 	 	 	 	 
	
              Equity

            	 	 	 	 
	
              Common
                Stock

            	 	 	
              -

            	 
	
              Additional
                Paid-in Capital

            	 	
              $

            	
              30,000

            	 
	
              Accumulated
                losses

            	 	
              $

            	
              (3,327

            	
              )

            
	
              Total
                Equity

            	 	
              $

            	
              26,673

            	 
	
              Total
                Liabilities & Equity

            	 	
              $

            	
              29,673

            	 

    

     

    
      
         

        
          	 	
                  UKCYL

                  
                    Profit
                      and Loss

                  

                  
                    
                      For
                        the period January 1 - March 15,
                        2007

                    

                  

                

        

        
           

        

      

    

    

      
        	 	 	
                1/Jan/07
                  - 15/Mar/07

              	 
	
                Ordinary
                  Income/Expense

              	 	 	 	 
	
                Expense

              	 	 	 	 
	
                Consulting

              	 	
                $

              	
                3,000

              	 
	
                Legal
                  and Legal Fees

              	 	
                $

              	
                196

              	 
	
                Travel
                  Expense

              	 	
                $

              	
                131

              	 
	
                Total
                  Expense

              	 	
                $

              	
                3,327

              	 
	
                Net
                  Losses

              	 	
                $

              	
                (3,327

              	
                )

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          	 	
                  UKCYL

                  Cash
                    Flow Statement

                  
                    
                      
                        For
                          the period January 1 - March 15,
                          2007

                      

                    

                  

                

        

        
 

      

      
        	 	 	
                1/Jan/07
                  - 15/Mar/07

              	 
	
                OPERATING
                  ACTIVITIES

              	 	 	 
	
                Net
                  Income

              	 	
                $

              	
                (3,3,27

              	
                )

              
	
                Adjustments
                  to reconcile net income to net cash provided by Operating
                  Activities

              	 	 	 	 
	
                Accounts
                  payable

              	 	
                $

              	
                3,000

              	 
	
                Net
                  Cash provided by Operating Activities

              	 	
                $

              	
                (327

              	
                )

              
	
                INVESTING
                  ACTIVITIES

              	 	 	 	 
	
                 

              	 	 	-	 
	
                Net
                  Cash provided by Investing Activities

              	 	 	
                -

              	 
	
                FINANCING
                  ACTIVITIES

              	 	 	 	 
	
                Issuance
                  of common stock

              	 	
                $

              	
                30,000

              	 
	
                Net
                  Cash provided by Financing Activities

              	 	
                $

              	
                30,000

              	 
	
                Net
                  cash change for the Period

              	 	
                $

              	
                29,673

              	 
	
                Cash
                  at beginning of the period

              	 	 	
                -

              	 
	
                Cash
                  at end of the Period

              	 	
                $

              	
                29,673

              	 

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Membership
      Transfer Deed

    

    

    We,
      the
      undersigned, HEEF
      Holdings Ltd. (hereinafter
      - the “Transferor”),
      for
      the consideration specified in the Purchase Agreement, signed on March 26,
      2007,
      do hereby transfer to Energtek
      Inc.
      (hereinafter - the “Transferee”),
      all
      of our membership interest in Primecyl LLC, on the same conditions as the
      Transferor held the same immediately prior to such transfer thereof, free and
      clear of any lien, encumbrance, pledge or mortgage of any kind and of any rights
      of third parties.

    

    And
      the
      Transferee hereby accepts the transfer of such membership interest subject
      to
      said conditions.

    

    

    IN
      WITNESS WHEREOF the Transferor and the Transferee have executed this instrument
      this 26th day of March, 2007.

    

    

    
      	
              Transferor

               

               

              /s/
                Valery Rodionov

            	 	
              Transferee

               

               

              /s/
                Doron Uziel

            	 
	
              HEEF
                Holdings Ltd.

            	 	
              Energtek
                Inc.

            	 
	
              By:
                Valery Rodionov

                    
                Director

            	
            	
              By:
                Doron Uziel

                    
President

            	 

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    Debt
      Transfer Deed

    

    

    We,
      the
      undersigned, HEEF
      Holdings Ltd. (hereinafter
      - the “Transferor”),
      for
      the consideration specified in the Purchase Agreement, signed on March 26,
      2007,
      do hereby transfer to Energtek
      Inc.
      (hereinafter - the “Transferee”),
      all
      of our rights to the debts of Primecyl LLC towards us, on the same conditions
      as
      the Transferor held the same immediately prior to such transfer thereof, free
      and clear of any lien, encumbrance, pledge or mortgage of any kind and of any
      rights of third parties.

    

    And
      the
      Transferee hereby accepts the transfer of such rights on the debts of Primecyl
      LLC towards transferor

    

    IN
      WITNESS WHEREOF the Transferor and the Transferee have executed this instrument
      this 26th day of March, 2007.

    

    
      

      
        	
                Transferor

                 

                 

                /s/
                  Valery Rodionov

              	 	
                Transferee

                 

                 

                /s/
                  Doron Uziel

              	 
	
                HEEF
                  Holdings Ltd.

              	 	
                Energtek
                  Inc.

              	 
	
                
                  
                    By:
                      Valery Rodionov

                          
                      Director

                  

                

              	
              	
                By: 
                  Doron Uziel

                
                  PresidentUnassociated Document

    COLLABORATION
      AGREEMENT

    (ON
      STAMP PAPER)

     

    This
      Collaboration Agreement (this “Agreement”) entered this 30 day of March, 2007
      into between:-

    

    MORE-GASTECH
      (INDIA) PRIVATE LIMITED
      (hereinafter called the "Indian Company"), incorporated under the Indian
      Companies Act, 1956 and having its registered office at 1616, VASTANT KUNJ
      , NEW
      DELHI-110070, 

    

    and
      

    

    Moregastech
      LLC (hereinafter called the "Foreign Company") a company registered in United
      Sates Of America and a fully owned subsidiary of Energtek Inc. having an address
      at 26 East Hawthorne Avenue, Valley Stream, New York 11580, USA 

    

    and
      

    

    Mr.
      Mahinder Singh Khatkar,(hereinafter
      called the "Indian Promoter") with address at H-587, Palam Vihar, Gurgaon
      (Haryana) 

    

    WHEREAS,
      the Foreign Company is in possession of technical know-how, designs and drawings
      for manufacture of CNG KITS; and

    

    WHEREAS,
      the Indian Company and the Foreign Company have agreed to set up a factory
      in
      India for the manufacture and sale in India and abroad of the CNG KITS with
      the
      aid of Foreign Company's technical know-how, .

    

    NOW
      THEREFORE, in consideration of the premises, it is hereby agreed between the
      Indian Company and the Foreign Company as follows:

    
      

      
        	
                1.

              	
                Definitions.

              

      

    

    

    
      	
              1.1

            	
              As
                used in this Agreement, "Product" means CNG KIT, accessories, cylinder
                or/and other products designated by the Board of Directors of the
                Indian
                Company.

            

    

    

    
      	
              1.2.

            	
              All
                words and expressions which are not specifically defined in this
                agreement
                shall have the same meaning as is given to them under the Companies
                Act.
                1956 ("the Companies Act"), to the extent such meanings are aligned
                with
                the context. 

            

    

    
      
        

        
          	
                  2.

                	
                  Initial
                    steps-approvals

                

        

      

       

    

    
      	
              2.1
                

            	
              The
                Indian Company shall take all required steps to obtain the consents
                and
                approvals necessary for it to do business, including any registration
                or
                license from the Government of India, Reserve Bank of India or any
                other
                State or local authorities, as the case may
                be.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              2.2
                

            	
              The
                Registered Office of the Indian Company will be situated in the State
                of
                Delhi.

            

    

     

    
      	
              2.3

            	
              The
                Memorandum and Articles of Association (hereinafter called the
                "Organizational Documents") of the Indian Company shall incorporate,
                to
                the extent relevant, all the terms and conditions set forth in this
                Agreement. Changes/directions/ Rules/ Regulations notified by
                RBI/SEBI/Department of Company Affairs should however be kept in
                view in
                drafting various the Organizational
                Documents

            

    

    
       

      
        	
                2.4
                  

              	
                
                  The
                    Organizational Documents of the Indian Company will provide for
                    the
                    following: 

                

              

      

      

        	2.4.1
                  	
                Actions
                  to be taken with approval of shareholders

              

         

      

    

    
      	2.4.1.1  	
              the
                merger or consolidation of the Indian Company with another
                entity

            

    

     

    
      	2.4.1.2  	
              the
                sale of all or substantially all of the assets owned directly or
                indirectly by the Indian Company

            

    

     

    
      	2.4.1.3  	
              the
                acquisition, by merger, issuance of securities of the Indian Company
                or
                otherwise, of a significant part of the business, stock or assets
                of
                another entity 

            

    

     

    
      	2.4.1.4  	
              the
                issuance of securities of the Indian Company in connection with or
                for the
                purpose of effecting or facilitating any of the foregoing transactions
                

            

    

     

    
      	2.4.1.5  	
              any
                reclassification or recapitalization of any capital stock of the
                Indian
                Company

            

    

     

    
      	2.4.1.6  	
              and/or
                the execution of any agreement in furtherance of any of the actions
                in
                sub-clauses 2.4.1.1 to 2.4.1.5

            

    

     

    
      	2.4.1.7  	
              authorize
                and create any new securities

            

    

     

    
      	2.4.1.8  	
              any
                dissolution, liquidation, or winding up of the Indian Company or
                any
                agreement to become so obligated

            

    

     

    
      	2.4.1.9  	
              any
                redemption or other purchase of any securities issued by the Indian
                Company, other than pursuant to an option plan

            

    

     

    
      	2.4.1.10  	
              the
                selection of the auditor for the Company

            

    

     

    
      	2.4.2  	
              Actions
                to be taken by approval of the Board of Directors
                

            

    

     

    
      	2.4.2.1  	
              issue
                or sell securities, including, without limitation, any warrant, option
                or
                right (contingent or otherwise) to purchase or acquire any security
                of the
                Indian Company, or the adoption of any option, phantom interest or
                similar
                plan, grants and the adoption and issuances pursuant to a stock option
                plan

            

    

     

    
      	2.4.2.2  	
              change
                the business line or enter into any new business
                

            

    

     

    
      	2.4.2.3  	
              the
                declaration or making of any distributions payable in cash or other
                property with respect to any equity securities of the Indian
                company

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	2.4.2.4  	
              engaging
                in any material transaction with a stockholder of the Indian Company
                or
                any affiliate thereof, including without limitation, hiring said
                persons
                as employees or consultants of the Indian Company, increasing their
                compensation or entering into any material transaction out of the
                ordinary
                course of business

            

    

     

    
      	2.4.2.5  	
              the
                compensation and benefit arrangements payable to any officer of the
                Indian
                Company

            

    

     

    
      	2.4.2.6  	
              the
                commencement or settlement of any litigation or threatened
                litigation

            

    

     

    
      	2.4.2.7  	
              any
                obligation or incurrence of any debt in which the amount exceeds
                Indian
                Rupees 5 Lacs (Rupees five Lacs only)

            

    

     

    
      
        
          
            	
                    3

                  	
                    Capital
                      structure

                  

          

        

         

      

    

    
      	
              3.1

            	
              The
                total capital investment for the project is Rs 82 Lacs (rupees eighty
                two
                Lacs only).

            

    

    

    
      	
              3.2
                

            	
              The
                authorized capital of the Indian Company shall be Rs. 10 Lacs (rupees
                ten
                Lacs) divided into 1 Lacs (one Lacs) equity shares of Rs. 10 each
                .

            

    

    

    
      	
              3.3
                

            	
              The
                issued share capital of the Indian Company shall be held by the parties
                in
                the following proportion:

            

    

    Promoters
            50
      per
      cent

    Foreign
      Company                                                       50
      per
      cent

    

    
      	
              3.4
                

            	
              The
                Promoters and the Foreign Company commit to invest each the amount
                of Rs
                41 Lacs (rupees fourty one Lacs) , either by way of equity capital
                or by
                way of unsecured loans as specified in the Timetable and Milestones
                in
                Appendix A.

            

    

    
       

      
        
          
            
              	
                      4

                    	
                      Board
                        of
                        Directors

                    

            

          

        

      

    

    
       

      
        	
                4.1
                  

              	
                
                  The
                    Board of Directors of the Indian Company (hereinafter called
                    "the Board")
                    shall have, subject only to the provisions of this Agreement
                    and the
                    Companies Act, the ultimate responsibility for management and
                    control of
                    the Indian Company.

                

              

      

       

    

    
      
        	
                4.2
                  

              	
                
                  The
                    Board shall consist of not less than 2 nor more than 14 members
                    (hereinafter called "Directors"), as fixed by resolution of the
                    shareholders and whose members shall be nominated proportionally
                    by the
                    shareholders The initial Board shall consist of 4 Directors,
                    2 of whom
                    shall be the nominees of the Foreign Company and two of whom
                    shall be the
                    nominees of the Indian
                    Promoter.

                

              

      

       

    

    
      	
              4.3 

            	
              
                The
                  Board shall designate one of the nominees of the Foreign Company
                  as the
                  Chairman of the Board and specify his term which in no event shall
                  exceed
                  2 years, after which the board may renew his
                  term.

              

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      
        	
                4.4
                  

              	
                
                  The
                    Chairman of the Board shall serve also as Chairperson of the
                    Board
                    meetings. If the Chairman is not present at a meeting, before
                    the
                    commencement of such Board meeting, the Directors shall appoint
                    from
                    amongst themselves a Director to chair the
                    meeting

                

              

      

       

    

    
      
        	
                4.5

              	
                
                  The
                    Directors need not hold any qualification shares.
                    

                

              

      

       

    

    
      
        	
                4.6

              	
                
                  The
                    Directors `shall subscribe to and agree to be bound by the relevant
                    terms
                    of this Agreement.

                

              

      

       

    

    
      	
              4.7
                

            	
              
                The
                  Board shall arrange to procure the balance capital required after
                  securing
                  the equity specified in section 3.3 above, by issue of debentures
                  (convertible or non-convertible), bonds, loans, etc. on terms and
                  conditions as determined by the
                  Board.

              

            

    

    
       

      
        
          	
                  5

                	
                  
                    
                      Managing
                        Director
                        of the company

                    

                  

                

        

        
           

          
            
              	
                      5.1

                    	
                      
                        
                          The
                            Board shall appoint the Managing Director of the Indian
                            Company, subject
                            to the provisions of the Companies Act, and establish
                            his remuneration. It
                            is agreed by the Indian Promoter and the Foreign Company
                            that Mr. Mahinder
                            Singh Khatkar will be elected as Managing Director. Mr.
                            Khatkar will be
                            asked by the Board to confirm his readiness to serve
                            as Managing Director
                            for a period of at least 5 (five)
                            years.

                        

                      

                    

            

             

          

        

      

    

    
      
        
          	
                  5.2 

                	
                  
                    
                      The
                        Managing Director shall serve as the Chief Executive Officer
                        of the
                        Company, and shall represent the Company, enforce the matters
                        resolved by
                        the Board and be responsible for the general management of
                        the Company.
                        

                    

                  

                

        

         

      

    

    
      
        
          	
                  5.3

                	
                  
                    The
                      Managing Director shall exercise his powers, subject to the
                      terms of this
                      Agreement and the powers reserved to the Board and to the Shareholders
                      by
                      the Organizational Documents and applicable law, under the
                      general
                      supervision, control and direction of the Board. The powers
                      and the duties
                      of the Managing Director shall be as determined from time to
                      time by the
                      Board and the powers and the duties of all other officers of
                      the Company
                      shall be as determined from time to time by the Managing Director
                      or by
                      the Board. .

                  

                

        

      

    

    
       

      
        
          	
                  6

                	
                  
                    
                      
                        Exercise
                          of voting
                          rights

                      

                    

                  

                

        

        
          
             

            
              
                
                  	
                          6.1

                        	
                          
                            
                              The
                                Indian Promoters and the Foreign Company shall exercise
                                their respective
                                voting rights in the larger interest of the Indian
                                Company and observe in
                                letter and spirit the various provisions of this
                                Agreement.

                            

                          

                        

                

              

            

            
               

            

          

        

      

    

    
      
        
          
            	
                    6.2

                  	
                    
                      
                        The
                          Indian Promoters and the Foreign Company shall not exercise
                          the voting
                          rights in the board meeting so as to removing the Managing
                          Director or the
                          Chairman of the company without stating the reasons therefore.
                          

                      

                    

                  

          

        

      

      
         

        
          
            	
                    7

                  	
                    
                      
                        
                          
                            Transfer
                              of
                              shares

                          

                        

                      

                    

                  

          

          
            
              
                
                   

                  
                    
                      
                        	
                                7.1

                              	
                                
                                  
                                    
                                      The
                                        shares of the company shall be fully transferable
                                        as provided under
                                        section 22A (3) of the Securities Contracts
                                        Regulation Act.
                                        

                                    

                                  

                                

                              

                      

                    

                  

                  
                     

                    
                      
                        
                        

                      

                      
                        4

                        
                          

                        

                      

                      
                        
                        

                      

                    

                     

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                	
                        7.2

                      	
                        
                          
                            
                              Notwithstanding
                                the above, the Indian Promoters and the Foreign Company
                                commit to the
                                restrictions relating to share transfers and issuances
                                specified in the
                                Shareholders Agreement, including without limitation
                                Rights of First
                                Refusal, Co-Sale Rights and Pre-emptive
                                Rights.

                            

                          

                        

                      

              

            

          

          
             

          

        

      

    

    
      
        
          
            
              
                	
                        7.3

                      	
                        
                          
                            
                              The
                                Foreign Company shall be entitled to participate
                                proportionally in all the
                                rights, payment of dividends, issuance of bonus shares
                                and any other
                                benefit provided to a shareholder of the Indian Company
                                as other
                                shareholders of the Indian
                                company.

                            

                          

                        

                      

              

            

          

          
             

            
              
                	
                        8

                      	
                        
                          
                            
                              
                                
                                  Disposal
                                    of
                                    undertakings

                                

                              

                            

                          

                        

                      

              

              
                 

              

              
                
                  
                    
                      
                        
                          	
                                  8.1

                                	
                                  
                                    
                                      
                                        
                                          It
                                            is not contemplated by this Agreement
                                            that the Indian Company will dispose
                                            of the whole or substantially the whole
                                            of its undertaking, assets or
                                            investments by way of sale to any other
                                            party.
                                            

                                        

                                      

                                    

                                  

                                

                        

                      

                    

                    
                       

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          8.2

                        	
                          
                            
                              
                                
                                  The
                                    prior written consent of the Foreign Company
                                    shall be required for the
                                    grant of any mortgage or charge on the properties
                                    of the Indian Company,
                                    and the same is to be recorded in the minutes
                                    of the Board at which such
                                    action is
                                    authorized.

                                

                              

                            

                          

                        

                

              

            

            
              
                 

                
                  
                    	
                            9

                          	
                            
                              
                                
                                  
                                    
                                      
                                        Provision
                                          of technical
                                          know-how

                                      

                                    

                                  

                                

                              

                            

                          

                  

                  
                    
                       

                    

                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                    9.1

                                                  	
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              The
                                                                Foreign Company shall
                                                                provide the technical
                                                                know-how required
                                                                to
                                                                manufacture products
                                                                in India as per the
                                                                terms regarding payment
                                                                of lump
                                                                sum amount, designs/
                                                                drawings fee, etc.
                                                                as may be mutually
                                                                decided upon in
                                                                due course of time
                                                                and subject to such
                                                                rules and regulations
                                                                as maybe
                                                                stipulated by the
                                                                Government of India
                                                                or the Reserve Bank
                                                                of
                                                                India.

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                          

                                        

                                      

                                       

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.2

                        	
                          
                            
                              
                                
                                  
                                    In
                                      consideration of the use of the Foreign Company's
                                      trade mark by the Indian
                                      Company, separate payment would be made as
                                      per the terms mutually agreed
                                      upon between the Indian Company and the Foreign
                                      Company.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.3

                        	
                          
                            
                              
                                
                                  
                                    In
                                      consideration of the continued use of the patent
                                      rights by the Indian
                                      Company pursuant to the transfer of technical
                                      know-how, the Indian Company
                                      shall pay the Foreign Company a royalty of
                                      such percent of the ex-factory
                                      sale price of the product as may be mutually
                                      agreed upon between both the
                                      parties from time to time ( subject to withholding
                                      tax as applicable as
                                      per applicable laws in India) , subject to
                                      such rules and regulations as
                                      may be stipulated by the Government of India/Reserve
                                      Bank of
                                      India.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.4

                        	
                          
                            
                              
                                
                                  
                                    The
                                      Indian Company shall send its technical personnel
                                      to the factory of the
                                      Foreign Company as per approved programme,
                                      for proper and appropriate
                                      training of its staff in order to efficiently
                                      run the factory in
                                      India.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.5

                        	
                          
                            
                              
                                
                                  
                                    At
                                      the request of the Indian Company, the Foreign
                                      Company will send its
                                      technical personnel to the project site in
                                      India in order to construct and
                                      commission the plant and to see through the
                                      trial production
                                      successfully.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.6

                        	
                          
                            
                              
                                
                                  
                                    At
                                      the request of the Indian Company, the Foreign
                                      Company will take care to
                                      engage such number of technicians with appropriate
                                      level of expertise in
                                      order to train the plant personnel in problems
                                      of breakdown or snag in the
                                      working of the plant, and on the equipment
                                      or apparatus installed in India
                                      pursuant to the technical know-how
                                      arrangements.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

              
                
                  
                  

                

                
                  5

                  
                    

                  

                

                
                  
                  

                

              

               

            

          

        

      

    

    
      
        
          
            
              
                
                  	
                          9.7

                        	
                          
                            
                              
                                
                                  
                                    The
                                      terms of the remuneration payable to the technical
                                      personnel of the
                                      Foreign Company shall be decided upon by the
                                      Indian Company and the
                                      Foreign company by mutual
                                      agreement.

                                  

                                

                              

                            

                          

                        

                

              

            

            
               

              
                
                  	
                          10

                        	
                          
                            
                              
                                
                                  
                                    
                                      
                                        Force
                                          majeure

                                      

                                    

                                  

                                

                              

                            

                          

                        

                

                
                  
                     

                    
                      
                        
                          
                            
                              
                                
                                  	
                                          10.1

                                        	
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      The
                                                        Indian Company and the Foreign
                                                        Company shall not in any
                                                        way be liable or
                                                        responsible to each other
                                                        for any delay in executing
                                                        any undertaking under
                                                        this Agreement or for inaction
                                                        or non-performance thereof,
                                                        if such delay
                                                        or inaction is caused by
                                                        reasons such as, strike,
                                                        lock-out, accident by
                                                        fire, flood, cyclone, civil
                                                        commotion, internal rebellion,
                                                        war or any
                                                        other act of God over which
                                                        neither party has any control,
                                                        no liability
                                                        would attach to either of
                                                        the parties to this
                                                        Agreement.

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                

                              

                            

                            
                               

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            	
                    11

                  	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    Manner
                                      of giving
                                      notice

                                  

                                

                              

                            

                          

                        

                      

                    

                  

          

          
            
               

              
                
                  
                    
                      
                        
                          
                            	
                                    11.1

                                  	
                                    
                                      
                                        
                                          
                                            
                                              
                                                The
                                                  parties to the Agreement shall
                                                  give notice to the other party
                                                  by telex,
                                                  air mail, speed post, email, or
                                                  by any other means mutually agreed
                                                  upon
                                                  from time to time. However, documents,
                                                  correspondence and other relevant
                                                  papers shall be sent by courier
                                                  only.

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                          

                        

                      

                      
                         

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    	
                            11.2

                          	
                            
                              
                                
                                  
                                    
                                      
                                        Unless
                                          otherwise indicated by notice, each party
                                          to this Agreement shall send all
                                          communication only at the address provided
                                          in this
                                          agreement.

                                      

                                    

                                  

                                

                              

                            

                          

                  

                

              

              
                
                   

                

                
                  
                    
                      
                        	
                                12

                              	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  Jurisdiction

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                      

                      
                        
                          
                            
                               

                            

                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                    12.1

                                                  	
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  This
                                                                    Agreement is
                                                                    subject to Indian
                                                                    laws and action
                                                                    will lie only
                                                                    within the
                                                                    courts situated
                                                                    in the state
                                                                    of Delhi
                                                                    (India)

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                          

                                        

                                      

                                      
                                        
                                          
                                             

                                          

                                          
                                            
                                              
                                                
                                                  	
                                                          13

                                                        	
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              Arbitration
                                                                                of
                                                                                disputes

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                

                                                
                                                  
                                                    
                                                       

                                                      All
                                                        disputes arising from and
                                                        in connection with this Agreement
                                                        shall be set as per
                                                        the procedures stated in
                                                        the Shareholders Agreement.
                                                        

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        
          
            
              	
                      14

                    	
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            General
                                              conditions

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

            

            
              
                
                  
                     

                  

                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          14.1

                                        	
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          The
                                                            parties to this Agreement
                                                            are entitled to specific
                                                            performance of the
                                                            terms of this Agreement,
                                                            including the obligations
                                                            concerning transfer of
                                                            shares, exercise of voting
                                                            rights, transfer of technology,
                                                            repatriation of
                                                            funds,
                                                            etc.

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                

                              

                            

                            
                              
                                
                                   

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.2

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              Each
                                                party agrees to the condition that
                                                commencing on the date hereof no
                                                competing project shall be set up
                                                by them with any other company in
                                                India
                                                for a period of 5 years from the
                                                termination of this Agreement; however,
                                                the Foreign Company shall be permitted
                                                to enter into collaboration
                                                agreements with corporate houses/
                                                big manufacturers for production
                                                of
                                                kits, cylinders etc for their captive
                                                use.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                    
                       

                      
                        
                          
                          

                        

                        
                          6

                          
                            

                          

                        

                        
                          
                          

                        

                      

                       

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.3

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              Each
                                                of the parties to this Agreement
                                                hereby undertakes not to divulge
                                                any
                                                technical and trade secrets known
                                                to each other, to any third party,
                                                as
                                                more particularly set forth in the
                                                Shareholders
                                                Agreement..

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                    
                       

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.4

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              The
                                                Indian Company shall issue, within
                                                not more than 35 days from the end
                                                of
                                                each quarter, quarterly financial
                                                statements reviewed by LODHA & Co.,
                                                as long as said firm remains the
                                                local representative of BDO
                                                International.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                    
                      
                         

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.5

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              The
                                                Indian Company shall issue, within
                                                not more than 35 days from the end
                                                of
                                                each calendar year , audited (by
                                                the same CPA as above) financial
                                                statements for the said
                                                year.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                    
                       

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.6

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              All
                                                the financial statements specified
                                                above shall be prepared in accordance
                                                with US
                                                GAAP.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                    
                       

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              14.7

                            	
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              This
                                                Agreement may be signed in
                                                counterparts.

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                    

                  

                

                
                  
                     

                  

                

              

            

          

        

      

    

    In
      witness whereof the parties have executed this Agreement on the date first
      written above. 

    

    Signed,
      sealed and delivered on behalf of the above:

    

    
      	
              For

            	 	
              For

            	 	
              For

            
	
              /s
                Mahinder
                Singh Khatkar

            	 	
              /s/
                Mahinder Singh Khatkar

            	 	
              /s/
                Constatin Stukalin

            
	
              MoreGasTech
                (India) Private Limited

            	 	
              Mahinder
                Singh Khatkar

            	 	
              Moregastech
                LLC 

            
	
              In
                the presence of:

            	 	
              In
                the presence of:

            	 	
              In
                the presence of:

            
	
              _____________________

            	 	
              __________________

            	 	
              ______________

            
	
              Name:

            	 	
              Name:

            	 	
              Name:

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    APPENDIX
      A

     

     

    
      	1.  	
              Preemptive
                Rights

            

    

     

    If
      at any
      time prior to an initial public offering of its equity securities More Gastech
      (India) Private Limited (hereinafter "the Company") proposes to issue and sell
      any securities of the Company (including, without limitation, Ordinary Shares
      or
      any class of preferred shares), whether or not already authorized, or rights,
      options or warrants to purchase such shares, and securities of any type
      whatsoever that are, or may become, convertible into shares of the Company
      (all
      the previous mentioned together hereby referred to as the "Proposed Issue"
      or
      "New Securities" as relevant) the Foreign Company (hereinafter "the Investor")
      shall have the right to exercise the Proposed Issue as follows:

     

    
      	1.1.  	
              In
                the event the Company undertakes an issuance of New Securities, it
                shall
                give the Investor written notice thereof, which notice shall be given
                prior to such issuance, describing the type and amount of New Securities
                offered and the price and the terms upon which the Company proposes
                to
                issue the same, and offering the Investor the opportunity to purchase
                such
                New Securities. The Investor shall have thirty (30) days from the
                date of
                such notice to accept such offer, in whole or in part, by written
                notice
                to the Company. 

            

    

     

    
      	1.2.  	
              In
                the event that the Investor fails to accept such offer as to all
                of the
                New Securities, the Company shall have the right within one hundred
                and
                twenty (120) days thereafter to sell or enter into an agreement (pursuant
                to which the sale of New Securities covered thereby shall be closed,
                if at
                all, within sixty (60) days from the date of said agreement), to
                sell the
                New Securities as to which such offer was not accepted, provided
                however
                that no such sale be effected at a price or upon terms more favorable
                to
                the purchasers thereof than those specified in the Company's notice
                to the
                Investor. In the event the Company has not sold or entered into an
                agreement to sell such New Securities within the periods specified
                above,
                the Company shall not thereafter issue or sell such New Securities
                without
                first complying with the procedure set forth in this
                Article.

            

    

     

    
      	2.  	
              Transfer
                of Shares

            

    

     

    
      	2.1.  	
              No
                transfer, sale, assignment, pledge or other disposition (each, a
                “Transfer”) of shares by any Shareholder, other than a transfer to a
                Permitted Transferee, shall be effective unless the Transfer has
                been
                approved by the Board of Directors. The Board of Directors may refuse
                to
                approve a Transfer to a competitor of the Company, or if the Board
                of
                Directors determines that such Transfer is detrimental to the best
                interests of the Company, in each case, as shall be determined in
                good
                faith, by the Board of Directors, or if the Transferee is not willing
                to
                undertake the same obligations that Transferor has as a holder of
                shares.
                

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	2.2.  	
              The
                limitations set forth in Article 2.1 shall not apply to any Transfer
                to
                (i) a transferee by operation of law; (ii) a spouse, children, or
                grandchildren of the Shareholder, other than to minors and persons
                incapacitated as a matter of law; (iii) a person controlling or controlled
                by such Shareholder (for the purposes of this definition, “control”
                [including, with correlative meanings, the terms “controlled by”] shall
                mean the possession, directly or indirectly, of the power to direct
                or
                cause the direction of the management and policies of such person,
                whether
                through the ownership of voting securities or the power to appoint
                most of
                the directors or the CEO), provided that such transferee (each transferee
                as defined in this section, a “Permitted Transferee”) becomes a party to
                and agrees to be bound by all agreements binding upon the transferor
                immediately prior to such transfer, and the shares so transferred
                remain
                subject to such agreements and the Company's
                Articles.

            

    

     

    
      	2.3.  	
              Each
                Transfer of shares shall be made in writing in the form appearing
                hereinbelow, or in a similar form, or in any form approved by the
                Directors from time to time:

            

    

     

    "Share
      Transfer Deed

     

    I,
      _____________ , of __________________, for valuable consideration paid to me
      by
      ______________ of ___________________ ("Transferee"), do hereby transfer to
      the
      Transferee _____ share(s), par value Rupees 10 each, numbered ________ to
      _________ (inclusive), in the company called MoreGastech India Private Limited
      to hold unto the Transferee, his executors, administrators and assigns, subject
      to the same terms and conditions on which I held the same at the time of the
      execution hereof; and I, the said Transferee, do hereby agree to take the said
      share(s) subject to the aforesaid terms and conditions. 

     

    In
      witness whereof we have hereunto set our hands this ____ day of _______,
      ____.

     

    __________________ 
      _________________

     

    Transferee  
      Transferor"

     

    
      	2.4.  	
              Such
                form shall be executed both by the transferor and transferee, and
                delivered to the Office together with the transferred share certificates,
                if share certificates have been issued with respect to the shares
                to be
                transferred, and any other proof of the transferor's title that the
                Directors may require. The share transfer deed with respect to a
                share
                that has been fully paid may be signed by the transferor only. A
                deed of
                transfer that has been registered, or a copy thereof, as shall be
                decided
                by the Directors, shall remain with the Company; any deed of transfer
                that
                the Directors shall refuse to register shall be returned, upon demand,
                to
                the person who furnished it to the Company, together with the share
                certificate, if furnished.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	2.5.  	
              The
                transferor shall be deemed to remain a holder of the shares until
                the name
                of the transferee is entered into the Register in respect
                thereof.

            

    

     

    
      	2.6.  	
              The
                Company may impose a fee for registration of a share transfer, at
                a
                reasonable rate as may be determined by the Directors from time to
                time.

            

    

     

    
      	2.7.  	
              Upon
                the death of a Shareholder or the dissolution of a Shareholder, the
                remaining partners, in the event that the deceased was a partner
                in a
                share, or the administrators or executors or heirs of the deceased,
                in the
                event the deceased was the sole holder of the share or was the only
                one of
                the joint holders of the share to remain alive, shall be recognized
                by the
                Company as the sole holders of any title to the shares of the deceased.
                However, nothing aforesaid shall release the estate of a joint holder
                of a
                share from any obligation to the Company with respect to the share
                that he
                held in partnership.

            

    

     

    
      	2.8.  	
              Any
                person becoming entitled to a share as a consequence of the death
                or
                bankruptcy or liquidation of a Shareholder shall, upon such evidence
                being
                produced as may from time to time be required by the Directors, have
                the
                right either to be registered as a Shareholder in respect of the
                share,
                or, instead of being registered himself, to transfer such share to
                another
                person, in either instance subject to the Directors' power hereunder
                to
                refuse or delay registration as they would have been entitled to
                do if the
                deceased or the bankrupt had transferred his share before his death
                or
                before his bankruptcy, and subject to all other provisions hereof
                relating
                to transfers of shares.

            

    

     

    
      	2.9.  	
              A
                person becoming entitled to a share because of the death of a Shareholder
                shall be entitled to receive, and to give receipts for, dividends
                or other
                payments paid or distributions made, with respect to the share, but
                shall
                not be entitled to receive notices with respect to company meetings
                or to
                participate or vote therein with respect to that share, or to use
                any
                other right of a Shareholder, until he has been registered as a
                shareholder with respect to that
                share.

            

    

     

    
      	3.  	
              Rights
                of First Refusal Transfer Notice. 

            

    

     

    
      	3.1.  	
              If
                at any time any shareholder of the Company proposes to Transfer any
                securities of the Company (including, without limitation, Ordinary
                Shares
                or any class of preferred shares), whether or not already authorized,
                or
                rights, options or warrants to purchase such shares, and securities
                of any
                type whatsoever that are, or may become, convertible into shares
                of the
                Company (“Various Securities”) to one or more third parties other than a
                Permitted Transferee, then such shareholder (“Transferor”) shall give the
                Company and the other shareholder (a "Holder") written notice of
                the
                Transferor’s intention to make the Transfer (“Transfer Notice”), which
                Transfer Notice shall include (i) a description of the Various
                Securities to be transferred (“Offered Shares”), (ii) the identity of
                the prospective transferee(s) and (iii) the consideration and the
                material terms and conditions upon which the proposed Transfer is
                to be
                made. 

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	3.2.  	
              Holder’s
                Option.
                The Holder shall have an option for a period of twenty (20) days
                from
                receipt of the Transfer Notice to elect to purchase the Offered Shares
                at
                the same price and subject to the same material terms and conditions
                as
                described in the Transfer Notice. The Holder may exercise such purchase
                option and, thereby, purchase all or any portion of the Offered Shares,
                by
                notifying the Transferor and the Company in writing, before expiration
                of
                the twenty (20) day period as to the number of such shares which
                it wishes
                to purchase. 

            

    

     

    
      	3.3.  	
              If
                a Holder gives the Transferor notice that it desires to purchase
                the
                Offered Shares then payment shall be by check or wire transfer, against
                delivery of the Offered Shares at a place agreed upon between the
                parties
                and at the time of the scheduled closing therefore, which shall be
                no
                later than ten (10) days after the delivery of the notification to
                the
                Transferor. 

            

    

     

    
      	4.  	
              Right
                of Co-Sale

            

    

     

    
      	4.1.  	
              Subject
                to section 3
                above, after receiving a notice from the Transferor, the other Holder
                may
                notify Transferor in writing, within fifteen (15) days after delivery
                of
                the Transfer Notice referred to in Section 3,
                about its intention to participate in the sale of Offered Shares
                (a
                "Selling Holder") and shall have the right to participate in such
                sale of
                Offered Shares with the Transferor, on the same terms and conditions
                as
                specified in the Transfer Notice, and, subject to agreement amongst
                the
                Selling Holders, in proportion to the number of shares owned by the
                Selling Shareholder to the number of shares owned by all Selling
                Shareholders, including the Transferor. 

            

    

     

    
      	4.2.  	
              Selling
                Holder’s notice to the Transferor shall indicate the number of Various
                Securities the Selling Holder wishes to sell under its right to
                participate, subject to the limitation in section 4.1
                above. 

            

    

     

    
      	4.3.  	
              Each
                Selling Holder shall effect its participation in the sale by delivering
                within ten (10) days to the Company for transfer to the prospective
                purchaser one or more certificates, properly endorsed for transfer.
                

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      	4.4.  	
              To
                the extent that any prospective purchaser or purchasers refuses to
                accept
                such assignment or otherwise refuses to purchase Various Securities
                from a
                Selling Holder exercising its rights of co-sale hereunder, the Transferor
                shall not sell to such prospective purchaser or purchasers any Offered
                Shares (and the Company shall not record such transfer) unless and
                until,
                simultaneously with such sale, the transferee shall purchase such
                Various
                Securities from such Selling Holder for the same consideration and
                on the
                same terms and conditions as the proposed transfer described in the
                Transfer Notice.

            

    

     

    
      	4.5.  	
              Non-Exercise
                of Rights. Notwithstanding anything to the contrary, to the extent
                that
                the Transferor shall have not received requests from the Holders
                (together) to purchase all of its Offered Shares, the Transferor
                shall be
                entitled to sell the Offered Shares, in whole or in part, to any
                third
                party, upon terms and conditions no more favorable than those specified
                in
                the Transfer Notice, within 60 days after the expiration of such
                rights of
                the Holders. Without derogating from the above, to the extent that
                any
                party has not exercised its rights to join the selling of the Offered
                Shares the Transferor shall have a period of sixty (60) days from
                the
                expiration of such rights in which to sell the Offered Shares, upon
                terms
                and conditions (including the purchase price) no more favorable than
                those
                specified in the Transfer Notice to the third-party transferee(s)
                identified in the Transfer Notice. The third-party transferee(s)
                shall
                acquire the Offered Shares subject to rights of first refusal and
                co-sale
                rights under this Agreement. In the event a Transferor does not consummate
                the sale or disposition of the Offered Shares within the sixty (60)
                day
                period from the expiration of these rights, the first refusal rights
                and
                co-sale rights shall be applicable to any subsequent disposition
                of the
                Offered Shares until such right lapses in accordance with the terms
                of
                this Agreement. Furthermore, the exercise or non-exercise of the
                rights
                shall not adversely affect rights as to subsequent purchases and/or
                sales.

            

    

    

     

    
      	5.  	
              Limitations
                to Rights of Refusal and Co-Sale. 

            

    

     

    
      	5.1.  	
              Notwithstanding
                the provisions of Section 3 and 4 of this Agreement, (i) the Holders
                may sell or otherwise transfer and/or assign, with or without
                consideration, equity Various Securities to any Permitted Transferee
                provided that
                such Transferee has agreed in writing to assume the obligations of
                the
                transferor under all agreements involving the Company, and provided further
                that such Permitted Transferee agrees not to further Transfer their
                holdings or rights except to Permitted
                Transferees

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	6.  	
              Number
                of Shares

            

    

     

    
      	6.1.  	
              For
                the purposes of determining the number of shares a party is entitled
                to
                sell or purchase pursuant to this Agreement, the shares held or owned
                by
                such party shall be deemed to include any Ordinary Shares (assuming
                full
                conversion of all convertible securities into Ordinary Shares and
                assuming
                exercise of any securities exercisable for Ordinary Shares but not
                including the Employee Stock Option Plan securities) held by such
                party.

            

    

     

    
      	7.  	
              Prohibited
                Transfers 

            

    

     

    
      	7.1.  	
              Any
                attempt by a Holder to transfer Various Securities in violation of
                the
                above sections shall be void and the Company agrees it will not effect
                such a transfer nor will it treat any alleged transferee(s) as the
                holder
                of such shares without the written consent of all the other
                Holders.

            

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    SHAREHOLDERS
      AGREEMENT

    

     

    THIS
      SHAREHOLDERS AGREEMENT (the
      “Agreement”)
      is made
      at New Delhi on the 30th day of March, 2007: 

     

    BY
      AND AMONG

     

    Moregastech
      LLC a company registered in United Sates Of America and a fully owned subsidiary
      of Energtek Inc.,
      having
      an address at 26 East Hawthorne Avenue, Valley Stream, New York 11580, USA
      (
      hereinafter referred to “Foreign Promoter”).

    And
      

    

    Mr.
      Mahinder Singh Khatkar and others having business address at H-587,
      Palam Vihar,
      Gurgaon
      (Haryana)
      , Indian
      (hereinafter referred to “Indian Promoter”) 

    And

    

    MORE-GASTECH
      (INDIA) PRIVATE LIMITED having its registered office of business at 1616,
      Vastant Kunj, New Delhi-110070 (hereinafter referred to as the
“Company”)

    

    RECITALS

    

    Whereas
      Foreign Promoter has long been engaged in the manufacture and sale of CNG Kits
      and accessories etc , and has acquired and possesses valuable experience and
      technical know-how on the manufacture and use of such products;

    

    Whereas
      Indian Promoters have promoted and are running the business of
      the
      Company, and in order to undertake the business more competently, the Parties
      (as defined in Section 1 hereunder) to this agreement are entering into a
      Collaboration Agreement and into this
      Agreement for the purpose of recording their understandings and agreements
      on
      the terms and conditions regulating their relationship as Shareholders of the
      Company, including among others the manner in which the Company’s affairs will
      be conducted, the transfer of Equity Shares or other securities related to
      the
      Company, and the Parties’ mutual rights and obligations. 

    

    NOW,
      THEREFORE,
      in the
      light of the mutual premises and the mutual covenants set forth herein, the
      Parties agree as follows: 

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    8.  DEFINITIONS
      AND INTERPRETATIONS 

     

    In
      this
      Agreement (including the recitals above and the Schedules hereto), except where
      the context otherwise requires, the following words and expressions shall have
      the following meanings: 

     

    “Affiliate
      ”
shall
      mean, with respect to any Person, any other Person directly or indirectly
      controlling, controlled by or under common control with such first Person.
      For
      purposes of this definition, the term “control” (including, with correlative
      meaning, the terms “controlled by” and “under common control with”) as applied
      to any Person, means the possession, directly or indirectly, of the power to
      direct or cause the direction of the management of that Person whether through
      ownership of voting securities or otherwise. 

     

    “Agreement”
shall
      mean this Shareholders’ Agreement, as the same may be amended, modified, and
      supplemented from time to time in accordance with the terms and conditions
      hereof. 

     

    “Applicable
      Laws”
shall
      mean the federal, state and local laws of India, and all orders, rules,
      regulations, decrees, policies, judicial decisions, notifications or other
      similar directives issued by any executive, legislative, judicial or
      administrative entity in India, as any of them may be amended from time to
      time.

    

    “Articles
      of Association”
shall
      mean the articles of association of the Company, as the same may be amended,
      modified, and supplemented from time to time in conformance with this Agreement.
      

     

    “Board”
shall
      mean the board of directors of the Company. 

     

    “Companies
      Act”
shall
      mean the Companies Act, 1956, as amended from time to time, applicable to
      companies incorporated in India. 

     

    “Confidential
      Information”
shall
      have the meaning set forth in 13.
      

     

    “Defaulting
      Party”
shall
      have the meaning set forth in Clause0.
      

     

    “Director”
      means a
      member of the Board (including any duly appointed alternate director)

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    “Dispute
      ”
any
      dispute, difference, conflict or claim arising out of or in relation to this
      Agreement or the performance of the same. 

     

    “Encumbrance” means
      any
      lien, charge, security interest, pledge, hypothecation, mortgage, right of
      first
      refusal, preemptive right or any other restriction

     

    “Equity
      Shares”
      means
      the equity shares of the Company as of par value of Rs.10/-per share, in the
      Equity Capital as set forth in the Collaboration Agreement. 

     

    “Financial
      Year”
      means
      the financial year of the Company, which shall commence on April 1 of each
      calendar year and end on March 31 of the next calendar year. Notwithstanding,
      for reporting purposes the firm will have a Reporting Financial Year ending
      on
      December 31 of each calendar year. As soon as permitted by Applicable Laws
      the
      financial year shall be unified to December 31st
      of each
      calendar year. 

     

    “General
      Meeting”
shall
      mean a general meeting of the Shareholders of the Company held in accordance
      with the Organizational Documents of the Company, this Agreement and Applicable
      Laws. 

     

    “Gross
      Revenue”
      means
      the total revenue of the Company including but not limited to (i) revenue
      accrued but not received, (ii) accrued and received (iii) received but not
      accrued from any advances or securitisation, including but not limited to
      revenue generated from the sale/lease of lands/buildings, or any other sources
      of revenue. 

     

    “Initial
      Agreements”
shall
      mean the Collaboration Agreement and this Agreement. 

     

    “Lenders”
      means
      those Persons including but not limited to banks, financial institutions,
      international credit agencies, non-banking financial companies, who extend
      or
      agree to extend a credit facility to the Company in relation to the Project.
      

     

    “Memorandum
      of Association”
shall
      mean the memorandum of association of the Company, as the same may be amended,
      modified, and supplemented from time to time in conformance with this Agreement.
      

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    “Notice
      of Dispute ”
shall
      have the meaning set forth in Clause 9

     

    “Organizational
      Documents”
shall
      mean the Memorandum of Association and the Articles of Association.

     

    “Parties”
shall
      mean parties to this Agreement, and “Party” shall mean any of them.

     

    “Percentage
      Equity Interest”
means
      at any time with respect to any Party, the proportion that the number of Shares
      held by such Party bears to the total number of Shares held by all the Parties.
      

     

    "Person"
      means
      physical person or legal entity, whichever applicable.

    

    "Pro
      Rata Share "
      means,
      with respect to any Shareholder, the proportion that the number of Equity Shares
      held by such Shareholder and its Affiliates bears to the aggregate number of
      Equity Shares held by all Shareholders 

    

    “Right
      of First Refusal”
shall
      have the meaning set forth in Appendix A 

     

    “Rupee
      or Rs.”
shall
      mean the lawful currency of India. 

     

    “Share”
shall
      mean any share in the capital of the Company and “Shares”
shall
      be construed accordingly. 

     

    “Shareholders”
shall
      mean the existing shareholders of the Company and any person who acquires Shares
      in the Company, and “Shareholder” shall mean any of them. 

     

    “Subsidiary”
      means
      any other person in which the Company directly or indirectly holds 50% or more
      of the equity securities or voting power of such Person. 

     

    “Transfer”
      means
      the sale, gift, pledge, assignment, transfer, transfer of any interest in trust,
      mortgage, alienation, hypothecation, Encumbrance or disposition of Equity Shares
      or securities that can be converted to Equity Shares as the context may require,
      in any manner whatsoever, voluntarily or involuntarily, including, without
      limitation, any attachment, assignment for the benefit of creditors or
      appointment of a custodian, liquidator or receiver of any of its properties,
      business or undertaking, but shall not include transfer by way of testamentary
      or intestate succession 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    In
      this
      Agreement (unless the context requires otherwise): 

     

    reference
      to the singular includes a reference to the plural and vice versa, and reference
      to any gender includes a reference to all other genders; 

     

    reference
      to an individual shall include his legal representative, successor, legal heir,
      executor and administrator; 

     

    reference
      to statutory provisions shall be construed as meaning and including references
      also to any amendment or re-enactment (whether before or after the date of
      this
      Agreement) for the time being in force and to all statutory instruments or
      orders made pursuant to statutory provisions; 

     

    references
      to any statute or regulation made using a commonly used abbreviation, shall
      be
      construed as a reference to the short title of the statute or full title of
      the
      regulation; 

     

    references
      to any Article, Clause, Schedule, Annex, Appendix or Exhibit shall be deemed
      to
      be a reference to such Article, Clause, Schedule, Annex, Appendix or Exhibit
      of
      or to this Agreement; and 

     

    Any
      reference in a provision of this Agreement to any approval of any Party required
      under another provision of this Agreement shall be deemed to have expired or
      terminated if the second provision has expired or terminated. 

     

    The
      Exhibits, Annexes, Appendices and Schedules to this Agreement shall be deemed
      to
      form an integral part of this Agreement. 

     

     

    9.  CAPITALIZATION
      OF THE COMPANY 

     

    Main
      objects of the Company 

     

    The
      purpose of the Company for which it is incorporated is as per main objects
      contained in the memorandum and articles of associations of the Company. The
      Company is a limited liability company established under the laws of the
      Republic of India. 

     

    Authorized
      Capital 

     

    The
      subscribed and paid up capital of the company is set forth in the Collaboration
      Agreement executed and delivered among the Parties on the date hereof. Any
      increase in the Authorized Capital, shall be with the mutual consent of the
      Indian Promoter and the Foreign Promoter.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

    Shareholdings 

     

    The
      holdings of the Parties (together with their respective Affiliates) is set
      forth
      in the Collaboration Agreement executed and delivered among the Parties on
      the
      date hereof

     

    The
      restrictions with respect to the Equity Shares is set forth on Appendix A
      annexed hereto and made an integral part of this Agreement.

     

    Financing
      

     

    To
      the
      extent required in connection with the financing for the Company and pursuant
      to
      and in accordance with the financing documents, each Party, when required,
      shall
      (i) pledge all Shares owned by it and all rights under this Agreement as
      security for such financing, (ii) subordinate all of its interest under this
      Agreement and any claims against the Company to the rights of the lenders and
      (iii) take any other similar or related actions requested by the lenders that
      are usual and customary. 

    

     

    10.  COMPANY’S
      BUSINESS AND DIVIDENDS 

     

    Business
      

     

    The
      Business shall be conducted in accordance with the Initial Agreements, the
      Organizational Documents and Applicable Laws for the benefit of and in the
      best
      interests of the Shareholders. 

     

    Dividends
      

     

    The
      Parties acknowledge and agree that the Company’s dividend policy shall be to
      maximize Shareholder value. Each Party shall procure that (subject to any
      restrictions under the financing documents or any Applicable Laws) the full
      amount of the Company’s profits available for distribution in respect of each
      financial year during the term of this Agreement after making such transfers
      to
      reserves and provisions or other transfers of the profits within the Company,
      as
      in the opinion of the Board ought reasonably to be made, is distributed by
      the
      Company to the Parties by way of dividends. 

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    11.  CORPORATE
      GOVERNANCE 

     

    Board
      of Directors 

     

    Composition
      of the Board

     

    The
      composition of the Board of Directors is set forth in the Collaboration
      Agreement executed and delivered among the Parties on the date hereof.

     

    Committees
      of the Board

     

    In
      the
      event any committee(s) is formed by the Board, the Parties hereby agree the
      representation of the Shareholders on such committee shall be in the same
      proportion as their respective representation on the Board. The right of the
      Shareholders to appoint their nominees to such committee shall be similar to
      the
      rights each of the Shareholder has to appoint their nominees to the Board.
      

     

    Removal
      and Replacement of Directors 

     

    A
      Shareholder who has a right to nominate a Director in accordance with the terms
      hereof and the provisions of the Companies Act shall have the right to remove
      such Director. 

     

    A
      Director shall be removed from the Board, with or without cause, upon the
      affirmative vote of the Shareholders who appoint such Director in accordance
      with this sub-clause 4.1.2 and the provisions of the Companies Act. Each
      Shareholder shall vote its Equity Shares for the removal of a Director upon
      the
      directions of the Shareholder that nominated such Director. 

     

    Any
      Director can be automatically removed for cause, which includes, without
      limitation, (i) willful and continuing disregard of his job responsibilities
      or
      material breach of this Agreement or (ii) fraud, embezzlement, conviction of
      a
      felony or serious crime, violation of ethics code or other serious
      misconduct.

     

    In
      the
      event any Director resigns or is removed in accordance with this clause the
      Shareholder that nominated such Director will have the right to elect such
      Director's successor or replacement and such successor or replacement Director
      shall be nominated and elected on or as soon as possible after the date of
      such
      resignation or removal. 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    Director's
      Access

     

    Each
      Director shall be entitled to examine the books and accounts of the Company.
      The
      Company shall provide information relating to the business affairs and financial
      position of the Company as such Director may reasonably require. Any Director
      may provide such information to a Shareholder that nominated him. 

     

    Alternate
      Directors 

     

    Each
      Shareholder shall be entitled to nominate an alternate Director to act in
      accordance with the Companies Act for any Director nominated by that
      Shareholder. Each Shareholder shall also have a right to withdraw its nominated
      alternate Director and nominate another in his place. The Parties shall take
      all
      such actions as may be required to cause any alternate Director nominated
      pursuant to this sub-clause to be duly elected or appointed. 

     

     

    Board
      Meetings 

     

    Frequency
      and Location 

     

    Meetings
      of the Board shall take place in accordance with the requirements of the
      Companies Act at least once in every three-month period. Meetings shall be
      held
      in New Delhi, or at any other location, as decided by the Chairman of the Board
      or by other calling party. 

     

    Notice
      

     

    A
      meeting
      may be called by the Chairman of the Board or any one Director giving notice
      in
      writing to the Secretary specifying the date, time and agenda for such meeting.
      The Secretary shall upon receipt of such notice give a copy of such notice
      to
      all Directors of such meeting, accompanied by a written agenda specifying the
      business of such meeting and copies of all papers relevant for such meeting.
      Not
      less than 7 days' notice shall be given to all Directors; provided, however,
      that such notice period (i) shall not apply in the case of an adjourned meeting
      pursuant to sub-clause 4.2.3 and (ii) may be reduced if approved by all of
      the
      Directors in writing. The Board shall at any meeting not adopt any resolution
      covering any matter that is not specified on the agenda for such meeting unless
      all the Directors are present at such meeting and vote in favour of such
      resolution. 

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Quorum
      

     

    Subject
      to the provisions of the Companies Act, all meetings of the Board shall require
      a quorum of at least two Directors, provided however that the quorum must
      include at least one Director from each party. If such a quorum is not present
      within one hour from the time appointed for the meeting, the meeting shall
      adjourn to the same place and time seven days later (or if such day is not
      a
      Business Day, at the same time on the next following Business Day), at which
      meeting the Directors present shall constitute a valid quorum even though a
      Director from other party , as the case may be, is not present, provided that
      notice of such adjourned meeting shall have been delivered to all Directors
      at
      least five days prior to the date of such adjourned meeting. 

     

    Voting
      at
      a Board meeting.

     

    Each
      Director counts as one vote. The adoption of any resolution of the Board,
      whether by circular resolution or otherwise, shall require the affirmative
      vote
      of a majority of the Directors, or a majority of the present directors, in
      person or by proxy, in a Board meeting. The Board shall not, at any meeting,
      adopt any resolution covering any matter that is not specified on the agenda
      for
      such meeting unless all Directors have been given notice of such matter at
      least
      seven days prior to the meeting, which notice shall be accompanied by a written
      agenda of the matters along with the supporting documents to be considered
      at
      the meeting, or unless all Directors provide their consent to the resolution
      on
      the matter. 

     

    Expenses
      

     

    The
      reasonable costs of attendance of Directors at Board meetings shall be borne
      by
      the Company, including traveling, lodging, boarding etc. 

     

    Shareholders'
      Meetings 

     

    Quorum
      for Shareholders Meetings

     

    Subject
      to the provisions of the Companies Act, all meetings of the shareholders of
      the
      Company shall require a quorum of at least two Shareholders holding a majority
      of the issued shares, provided however that the quorum must include at least
      one
      shareholder from each party. If such a quorum is not present within one hour
      from the time appointed for the meeting, the meeting shall adjourn to the same
      place and time seven days later (or if such day is not a Business Day, at the
      same time on the next following Business Day), at which meeting the Shareholders
      present shall, subject to their constituting a valid quorum under Indian law,
      constitute a valid quorum even though representative from each party as the
      case
      may be, is not present, provided that notice of such adjourned meeting shall
      have been delivered to all Shareholders at least five days prior to the date
      of
      such adjourned meeting.. 

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    At
      any
      Shareholders Meeting, the actions stated in clause 2.4.1 in the Collaboration
      Agreement must be consented to by the Foreign Company:

     

    

    OTHER
      ARRANGEMENTS 

     

    From
      and
      after the date hereof, each Shareholder shall vote its Equity Shares at any
      general or extraordinary general meeting of the Shareholders (a “Shareholders
      Meeting”), and shall take all other actions necessary, to give effect to the
      provisions of this Agreement (including, without limitation, Clause 4.1) and
      to
      ensure that the Organizational Documents are amended to incorporate the
      provisions of the Initial Agreements including the rights and privileges of
      the
      Shareholders, to the extent permitted by Applicable Law In addition, each
      Shareholder shall vote its Equity Shares at any Shareholders Meeting upon any
      matter submitted for action by the Shareholders or with respect to which such
      Shareholder may vote, in conformity with the specific terms and provisions
      of
      the Initial Collaboration Agreement. 

     

    In
      order
      to effectuate the provisions of this Agreement, each Shareholder (a) shall
      use
      its best efforts to cause the Board to adopt, either at a meeting of the Board
      or by unanimous written consent of the Board, all the resolutions necessary
      to
      effectuate the provisions of this Agreement and (b) agrees that when any action
      or vote is required to be taken by such Shareholder pursuant to the Initial
      Agreements, such Shareholder shall use its commercially reasonable best efforts
      to call, or cause the appropriate officer and directors of the Company to call
      a
      Shareholders Meeting or to execute or cause to be executed a written consent
      to
      effectuate such action. 

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    Financial
      Records. 

     

    The
      Company shall allow each of the Shareholders and its authorized representatives
      the right during normal business hours to inspect its books and accounting
      records and those of the Subsidiaries, to make extracts and copies there from
      at
      its own expense and to have full access to all of the Company's and each
      Subsidiary's property and assets. 

     

    Books
      and
      Records 

     

    The
      Company shall, and shall cause the Subsidiaries to, keep proper, complete and
      accurate books of account in Rs. and in US dollars in accordance with applicable
      accounting standards and shall have their accounts audited annually in
      accordance with such standards by a reputable firm of chartered accountants
      appointed by the Board as defined in the Collaboration Agreement. 

     

    Reports
      

     

    The
      Company shall provide to each Shareholder, in addition to the reports defined
      in
      the Collaboration Agreement (i) within 30 days after the end of each month,
      monthly unaudited consolidated financial statements of the Company for such
      month, (ii) such other reports as the Board may determine. The Company shall
      furnish to the Shareholders and their auditors such financial and other
      information relating to the business of the Company and its Subsidiaries as
      any
      of them may reasonably request. 

     

    Annual
      Budgets 

     

    The
      Company shall prepare a proposed Annual Budget, which shall be submitted to
      all
      Directors not less than one month prior to the commencement of each Financial
      Year. The Board shall adopt the Annual Budget not later than one month of the
      commencement of the relevant Financial Year. 

     

    Bank
      Accounts 

     

    The
      Parties shall procure that the bank account or bank accounts opened in the
      name
      of the Company or any Subsidiary with such bank or banks as may be determined
      by
      the Board, are maintained. Such account or accounts shall be operated as the
      Board, or the board of directors of the relevant Subsidiary shall resolve from
      time to time. All payments to or by the Company or such Subsidiary shall be
      paid
      into or withdrawn from such account or accounts. 

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

     

    12.  REPRESENTATIONS
      AND WARRANTIES 

     

    Each
      Party represents to the other Parties hereto that: 

     

    such
      Party has the full power and authority to enter into, execute and deliver this
      Agreement and to perform the transactions contemplated hereby and that such
      Party is duly incorporated or organized and existing under the laws of the
      jurisdiction of its incorporation or organization and that the execution and
      delivery by such Party of this Agreement and the performance by such Party
      of
      the transactions contemplated hereby have been duly authorized by all necessary
      corporate or other action of such Party; 

     

    assuming
      the due authorisation, execution and delivery hereof by the other Parties,
      this
      Agreement constitutes the legal, valid and binding obligation of such Party,
      enforceable against such Party in accordance with its terms, except as such
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganisation, moratorium or similar laws affecting creditors' rights
      generally; and 

     

    the
      execution, delivery and performance of this Agreement by such Party and the
      consummation of the transactions contemplated hereby will not (i) violate any
      provision of the organizational or governance documents of such Party; (ii)
      require such Party to obtain any consent, approval or action of, or make any
      filing with or give any notice to, any Governmental Authority in such Party's
      country of organization or any other Person pursuant to any instrument, contract
      or other agreement to which such Party is a party or by which such Party is
      bound [other than the requisite filing to be made by the Company with the
      Reserve Bank of India]; (iii) conflict with or result in any material breach
      or
      violation of any of the terms and conditions of, or constitute (or with notice
      or lapse of time or both constitute) a default under, any instrument, contract
      or other agreement to which such Party is a party or by which such Party is
      bound; (iv) violate any order, judgment or decree against, or binding upon,
      such
      Party or upon its respective securities, properties or businesses; or (v)
      violate any law or regulation of such Party's country of organization or any
      other country in which it maintains its principal office. 

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

     

    There
      are
      no legal, quasi-legal, administrative, arbitration, mediation, conciliation
      or
      other proceedings, claims, actions, governmental investigations, orders,
      judgments or decrees of any nature made, existing, or pending or, to the best
      knowledge of such Party, threatened or anticipated against such Party which
      may
      prejudicially affect its holding of Equity Shares or the due performance or
      enforceability of this Agreement or any obligation, act, omission or
      transactions contemplated hereunder. 

     

    

    Fees
      and expenses : 

     

    Each
      Party shall bear its own fees and expenses, and the Parties will jointly bear
      common fees and expenses in connection with the preparation, execution and
      performance of this Agreement and the transactions contemplated hereby,
      including, without limitation, all fees and expenses of agents, representatives,
      counsel and accountants.
      

     

    13.  CONFIDENTIALITY 

     

    Each
      Party undertakes that it shall not reveal, and shall cause its directors,
      officers, managers, partners, members and employees not to reveal, to any third
      party any Confidential Information acquired by it or them from or on behalf
      of
      the Company or any Subsidiary or any other Party or in connection with this
      Agreement or any other Basic Document or the transactions contemplated therein,
      in each case concerning the organization, business, technology, finance,
      transactions or affairs of the Company or its Subsidiaries or any other Party
      without the prior written consent of the Company, the relevant Subsidiary or
      the
      other concerned Parties, as the case may be. The term "Confidential Information"
      as used in this Agreement shall mean (a) any information relating to the Company
      or its Subsidiaries or any other Party or their respective employees (whether
      written, oral or in any other form and whether such information is furnished
      before, on or after the date of this Agreement) and (b) information and
      materials prepared by the Shareholders or their respective directors, officers,
      managers, partners, members, employees or legal, financial or professional
      advisors or bankers (collectively, "Representatives") that contain or otherwise
      reflect, or are generated from, Confidential Information. The obligation set
      forth in this Clause shall continue for a period of two years from the date
      of
      termination of this Agreement

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    The
      provisions of Clause 6.1 shall not apply to: 

     

    Confidential
      Information or materials that were, are or become generally available to the
      public other than as a result of disclosure by or at the direction of the
      Shareholders or any of their respective Representatives in violation of this
      Agreement; 

     

    a
      disclosure to legal, financial or professional advisors of any Party subject
      to
      such Person being bound by confidentiality obligations; 

     

    disclosure
      under reporting requirements of Stock Exchanges or other relevant
      authorities

     

    a
      disclosure, after giving prior notice to the other Parties to the extent
      practicable under the circumstances and subject to any practicable arrangements
      to protect confidentiality, to the extent required under Applicable Law or
      judicial or regulatory process or in connection with any judicial process
      regarding any legal action, suit or proceeding arising out of or relating to
      this Agreement; or 

     

    a
      disclosure by the Company reasonably necessary in the ordinary course of
      business or otherwise in connection with transactions or proposed transactions
      of the Company or any Subsidiary. 

     

    

    Upon
      any
      Shareholder entering into negotiations with any Person with a view to
      Transferring any Equity Shares to such Person, information in respect of the
      Company or any Subsidiary that is reasonably necessary to permit such Person
      to
      evaluate the business of the Company or such Subsidiary may be provided to
      such
      Person, provided that such Person has executed a binding confidentiality letter
      in a form approved by the Board; and provided further that if such Person is
      involved in a business in competition with that of the Company or any
      Subsidiary, the Board may prohibit the disclosure of any such confidential
      information as the Board may determine.
      

     

    Each
      Party further agrees to the non-competition period stated in the Collaboration
      Agreement. 

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    A
      Party
      shall not, at any time during or after the Non-Competition Period, make any
      oral
      or written statements which are or could reasonably be interpreted to be of
      a
      negative or critical nature concerning the Company, any of its affiliates or
      its
      business.

     

    If
      a
      Party breaches, or threatens to commit a breach of, any of the provisions of
      this Agreement, then the Company and the other Party shall have the right and
      remedy to have the covenants contained herein specifically enforced, without
      the
      need of posting a bond, by any court having equity jurisdiction, it being
      acknowledged and agreed that any such breach or threatened breach will cause
      irreparable injury to the Company and its stockholders and that money damages
      will not provide an adequate remedy to the Company and its stockholders, in
      addition to and not in lieu of, any other rights and remedies that are available
      at law or in equity. This right and remedy shall exist notwithstanding any
      other
      provision of this Agreement to the contrary.

     

     

    14.  PUBLICITY
      

     

    Except
      as
      required by Applicable Law or by any Governmental Authority or other laws or
      regulations applicable to a Party, including but not limited to the disclosing
      requirements of the Foreign Promoter and its related Persons, no publicity
      release or public announcement concerning the relationship or involvement of
      the
      Parties shall be made by any Party without advance approval thereof by the
      Parties; provided that no disclosure of a Party's identity may be made without
      the prior approval of such Party. 

     

     

    15.  TERMINATION
      

     

    Notwithstanding
      any provisions of this Agreement, this Agreement shall become effective upon
      the
      execution hereof by all of the Parties hereto and shall continue in effect
      until
      the earlier to occur of (a) the conditions set forth in the collaboration
      Agreement or waived (as the case maybe) for reasons attributable to the either
      party; (b) the date on which the Company goes into liquidation or dissolution
      or
      any property or assets of the Company are placed in the hands of a receiver,
      trust custodian or liquidator or if a winding up order in respect of the Company
      is passed; (c) the date on which either party goes into liquidation or
      dissolution or their respective properties or assets are placed in the hands
      of
      a receiver, trust custodian or liquidator or if a winding up order in respect
      of
      either party , as the case may be, is passed; (d) any date agreed upon in
writing
      by all of the Shareholders. 

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    If
      a
      Party materially fails to perform its obligations or to comply with this
      Agreement or any provision hereof within a period of 30 days of being provided
      written notice of such breach (a "Defaulting Party") This Agreement may be
      terminated by the other Party. 

     

     

    16.  NOTICES
      

     

    Unless
      otherwise stated, all notices, approvals, instructions and other communications
      for the purposes of this Agreement shall be given in writing and may be given
      by
      email, facsimile, by personal delivery or by sending the same by prepaid
      registered mail addressed to the Party concerned at its address stated in the
      title of this Agreement or the fax numbers set out below and/or any other
      address subsequently notified to the other Parties for the purposes of this
      Clause and shall be deemed to be effective (in the case of registered mail)
      10
      calendar days after posting, (in the case of facsimile) 2 business days after
      receipt of a transmission report confirming dispatch or (in the case of personal
      delivery) at the time of delivery

     

    
      	 
	
              To
                : The Company 

              MORE-GASTECH
                (INDIA) PRIVATE LIMITED
                having its registered office at 1616, VASTANT KUNJ , NEW DELHI-110070,
                

            	 	
              Attn
                : Sh M.S.Khatkar

              Tel.:
                +91 (11) 2646 6928

              Fax.:
                +91 (11) 2648 2064

               

            
	 	 	 
	
              To
                : Moregastech
                LLC: . having an address at 26 East Hawthorne Avenue, Valley Stream,
                New
                York 11580, USA 

            	 	
              Attn
                : Attorney David Lubin

              Tel.
                +1 (516) 887-8200

              Fax:
                +1 (516) 887-8250

            
	 	 	 
	
              To
                Mr. Mahinder Singh Khatkar and others address at H-587,
                Palam Vihar, Gurgaon (Haryana)
                ,
                Indian 

            	 	
              Attn
                : Sh M.S.Khatkar 

              Tel.
                +91 (931) 3505549

              Fax
                +91 (124) 2578704

               

            

    

    

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    17.  GOVERNING
      LAW 

     

    This
      Agreement shall be governed by and construed in accordance with the laws of
      India. 

     

     

    18.  DISPUTE
      RESOLUTION 

     

    Negotiations
      

     

    The
      Parties will attempt in good faith to resolve any Dispute by mutual
      consultation. To this extent, upon request of a Party each Party will within
      14
      days nominate a senior authorised representative with authority to settle the
      relevant Dispute. If the Dispute has not been settled through negotiations
      within 30 days, then the remaining provisions of this Section will
      apply.

    

    Arbitration
      

     

    Upon
      failure of the direct negotiations the Dispute shall be referred to
      reconciliation and arbitration.

     

    The
      parties shall try to agree on the appointment of the arbitrator. Should the
      parties fail in doing so within 15 days from the request by a Party to nominate
      such arbitrator, the Parties shall have the right to request the Singapore
      Chamber of Commerce to nominate the arbitrator. In such a case the Arbitration
      shall be ruled as per the rules framed under the Singapore Chamber of Commerce
      and the rules of procedures prescribed for the conduct of the arbitration
      therein shall govern the arbitration proceedings.

     

    All
      proceedings in any arbitration shall be conducted in English.

     

    In
      default of other agreement between the parties, the place of arbitration shall
      be Singapore 

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

    The
      arbitrator may award to a Party that substantially prevails on the merits,
      its
      costs and reasonable expenses (including reasonable fees of its
      advisors/counsel). Notwithstanding, the arbitrator will be entitled to allocate
      the costs between the Parties on a fairness basis.

     

    During
      the pendency of any Dispute, both Parties shall, save as otherwise provided
      herein, continue to perform their respective obligations under this Agreement
      and shall not, whether by act or omission, impede or otherwise interfere with
      the Endeavour’s of the defaulting Party to remedy the breach or default to which
      such Dispute relates 

     

     

    19.  -VIOLATION
      OF TERMS 

     

    The
      Parties agree that each of the Shareholders shall be entitled to an injunction,
      restraining order, right for recovery, suit for specific performance or such
      other
      equitable relief as a court of competent jurisdiction may deem necessary or
      appropriate to restrain the other Shareholder or the Company from committing
      any
      violation or enforce the performance of the covenants, representations and
      obligations contained in this Agreement. These injunctive remedies are
      cumulative and are in addition to any other rights and remedies the Shareholders
      may have at law or in equity, including without limitation a right for damages.
      

    

     

    20.  -MISCELLANEOUS
      

     

    No
      Partnership 

     

    Nothing
      contained in this Agreement shall constitute or be deemed to constitute a
      partnership between the Parties, and no Party shall hold himself out as an
      agent
      for the other Party, except with the express prior written consent of the other
      Party.
      

     

    Indemnification
      

     

    Subject
      to the Companies Act, the Company shall indemnify each Director and each
      Shareholder and its directors, officers and agents (collectively, the
“Indemnified Persons”) against any losses, claims, damages, liabilities,
      judgments, fines, obligations, expenses and liabilities of any kind or nature
      whatsoever (including but not limited to any investigative, legal and other
      expenses incurred in connection with, and any amounts paid in settlement of,
      any
      pending or threatened legal action or proceeding) (collectively “Losses”) that
      any Indemnified Person may at any time become subject to or liable for in
      connection with claims by third parties by reason of the status of such
      Shareholder as shareholder of the Company or of such Director as a director
      of
      the Company, as the case may be, other than Losses arising from the gross
      negligence or willful misconduct of such Indemnified Person. 

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    Any
      indemnity as referred to in Clause 12 above shall be such as to place the
      Indemnified Persons in the same position as it would have been in had there
      not
      been any such breach. 

     

    Time
      

     

    Any
      date
      or period as set out in any Clause of this Agreement may be extended with the
      written consent of the Parties failing which time shall be of the essence.
      

     

    Independent
      Rights 

     

    Each
      of
      the rights of the Parties hereto under this Agreement are independent,
      cumulative and without prejudice to all other rights available to them, and
      the
      exercise or non-exercise of any such rights shall not prejudice or constitute
      a
      waiver of any other right of the Party, whether under this Agreement or
      otherwise. 

     

    Conflict
      with the Articles or Collaboration Agreement.

     

    To
      the
      extent permitted by Applicable Law, in the event of any conflict between the
      terms of this Agreement and the Charter Documents of the Company, the provisions
      of this Agreement shall prevail and in the event of conflicts with the terms
      of
      the Collaboration Agreement, the terms of the Collaboration Agreement shall
      prevail. The Parties shall take the necessary steps to ensure that the
      Organizational Documents are amended to such extent as any Shareholder may
      require in order that such conflict be removed. 

     

    Counterparts
      

     

    This
      Agreement may be executed in any number of originals or counterparts, each
      in
      the like form and all of which when taken together shall constitute one and
      the
      same document, and any Party may execute this Agreement by signing any one
      or
      more of such originals or counterparts. 

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    Party
      No Longer a Shareholder 

     

    Except
      as
      otherwise provided in this Agreement, if any of the Parties and its Affiliates
      ceases to be a shareholder in the Company in accordance with the provisions
      of
      this Agreement then as from the date of such cessation, all the rights of such
      Party under this Agreement shall forthwith cease and this Agreement may be
      varied without reference to (or the need for the signature on any relevant
      document of) such Party provided that (for the avoidance of doubt) such
      variation shall not give rise to any new or increased liability of such Party,
      provided that any liability as already existing shall continue. 

     

    Variation
      

     

    No
      variation of this Agreement shall be binding on any Party unless such variation
      is in writing and signed by each Party. 

     

    No
      Assignment 

     

    Subject
      to the provisions of this Agreement, this Agreement is personal to the Parties
      and shall not be capable of assignment, except with the prior written consent
      of
      the other Party, provided however, that any Shareholder may assign the whole
      or
      a part of any of its rights in or under this Agreement (including the rights
      under this Clause) to an Affiliate of such Shareholder subject to the
      fulfillment of all the terms for Transfer, whether in the Initial Agreements
      or
      the Organizational Documents. 

     

    Waiver

     

    No
      waiver
      of any breach of any provision of this Agreement shall constitute a waiver
      of
      any prior, concurrent or subsequent breach of the same of any other provisions
      hereof, and no waiver shall be effective unless made in writing and signed
      by an
      authorised representative of the waiving Party. 

     

    Headings
      

     

    The
      Clause headings used in this Agreement are intended for convenience only and
      shall not be deemed to supersede or modify any provisions. 

     

    Severability
      

     

    If
      any
      provision of this Agreement is invalid, unenforceable or prohibited by
      Applicable Law, this Agreement shall be considered divisible as to such
      provision and such provision shall be inoperative and shall not be part of
      the
      consideration moving from either Party hereto to the other, and the remainder
      of
      this Agreement shall be valid, binding and of like effect as though such
      provision was not included herein. 

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    Supersession
      

     

    Except
      as
      otherwise agreed among the Parties, the Initial Agreements constitute the entire
      agreement of the Parties as to its subject matter and supersedes any previous
      understanding or agreement on such subject matter. 

    

     

    IN
      WITNESS WHEREOF the
      undersigned have executed this Agreement as of the date first above written.
      

     

    

      
        	
                /s/
                  Mahinder Singh Khatkar  

              	
                 

              	
                /s/
                  Mahinder Singh Khatkar

              	
                 

              	
                /s/
                  Constatin Stukalin

              
	
                MoreGasTech
                  India Private Limited

              	
                 

              	
                Mahinder
                  Singh Khatkar & others

              	
                 

              	
                Moregastech
                  LLC

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                By:
                  Mahinder Singh Khatkar  

              	
                 

              	
                By:
                  Mahinder Singh Khatkar  

              	
                 

              	
                By:
                  Constatin Stukalin

                      
                  Director 

              

      

    

     

    

    
      
        
        

      

      
        34

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]