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EXHIBIT 10.30

                    INTELLECTUAL PROPERTY SECURITY AGREEMENT

      INTELLECTUAL PROPERTY SECURITY AGREEMENT (this "AGREEMENT" dated as of
March 15, 2007, by and among Ingen Technologies, Inc., a Georgia corporation
(the "COMPANY"), and the secured parties signatory hereto and their respective
endorsees, transferees and assigns (collectively, the "SECURED PARTY").

                              W I T N E S S E T H:

      WHEREAS, pursuant to a Securities Purchase Agreement, dated the date
hereof, between Company and the Secured Party (the "PURCHASE AGREEMENT"),
Company has agreed to issue to the Secured Party and the Secured Party has
agreed to purchase from Company certain of Company's 6% Callable Secured
Convertible Notes, due three years from the date of issue (the "NOTES"), which
are convertible into shares of Company's Common Stock, no par value per share
(the "COMMON STOCK"). In connection therewith, Company shall issue the Secured
Party certain Common Stock purchase warrants (the "WARRANTS"); and

      WHEREAS, in order to induce the Secured Party to purchase the Notes,
Company has agreed to execute and deliver to the Secured Party this Agreement
for the benefit of the Secured Party and to grant to it a first priority
security interest in certain Intellectual Property (defined below) of Company to
secure the prompt payment, performance and discharge in full of all of Company's
obligations under the Notes and exercise and discharge in full of Company's
obligations under the Warrants; and

      NOW, THEREFORE, in consideration of the agreements herein contained and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto hereby agree as follows:

      42.   DEFINED TERMS. Unless otherwise defined herein, terms which are
defined in the Purchase Agreement and used herein are so used as so defined; and
the following terms shall have the following meanings:

            "SOFTWARE INTELLECTUAL PROPERTY" shall mean:

            A.    all software programs (including all source code, object code
and all related applications and data files), whether now owned, upgraded,
enhanced, licensed or leased or hereafter acquired by the Company, above;

            B.    all computers and electronic data processing hardware and
firmware associated therewith;

            C.    all documentation (including flow charts, logic diagrams,
manuals, guides and specifications) with respect to such software, hardware and
firmware described in the preceding clauses (a) and (b); and

            D.    all rights with respect to all of the foregoing, including,
without limitation, any and all upgrades, modifications, copyrights, licenses,
options, warranties, service contracts, program services, test rights,
maintenance rights, support rights, improvement rights, renewal rights and
indemnifications and substitutions, replacements, additions, or model
conversions of any of the foregoing.

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            "COPYRIGHTS" shall mean (a) all copyrights, registrations and
applications for registration, ISSUED or filed, including any reissues,
extensions or renewals thereof, by or with the United States Copyright Office or
any similar office or agency of the United States, any state thereof, or any
other country or political subdivision thereof, or otherwise, including, all
rights in and to the material constituting the subject matter thereof,
including, without limitation, any referred to in SCHEDULE B hereto, and (b) any
rights in any material which is copyrightable or which is protected by common
law, United States copyright laws or similar laws or any law of any State,
including, without limitation, any thereof referred to in SCHEDULE B hereto.

            "COPYRIGHT LICENSE" shall mean any agreement, written or oral,
providing for a grant by the Company of any right in any Copyright, including,
without limitation, any thereof referred to in SCHEDULE B hereto.

            "INTELLECTUAL PROPERTY" shall means, collectively, the Software
Intellectual Property, Copyrights, Copyright Licenses, Patents, Patent Licenses,
Trademarks, Trademark Licenses and Trade Secrets.

            "OBLIGATIONS" means all of the Company's obligations under this
Agreement and the Notes, in each case, whether now or hereafter existing,
voluntary or involuntary, direct or indirect, absolute or contingent, liquidated
or unliquidated, whether or not jointly owed with others, and whether or not
from time to time decreased or extinguished and later decreased, created or
incurred, and all or any portion of such obligations or liabilities that are
paid, to the extent all or any part of such payment is avoided or recovered
directly or indirectly from the Secured Party as a preference, fraudulent
transfer or otherwise as such obligations may be amended, supplemented,
converted, extended or modified from time to time.

            "PATENTS" shall mean (a) all letters patent of the United States or
any other country or any political subdivision thereof, and all reissues and
extensions thereof, including, without limitation, any thereof referred to in
SCHEDULE B hereto, and (b) all applications for letters patent of the United
States and all divisions, continuations and continuations-in-part thereof or any
other country or any political subdivision, including, without limitation, any
thereof referred to in SCHEDULE B hereto.

            "PATENT LICENSE" shall mean all agreements, whether written or oral,
providing for the grant by the Company of any right to manufacture, use or sell
any invention covered by a Patent, including, without limitation, any thereof
referred to in SCHEDULE B hereto.

            "SECURITY AGREEMENT" shall mean the Security Agreement, dated the
date hereof between Company and the Secured Party.

            "TRADEMARKS" shall mean (a) all trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade styles,
service marks, logos and other source or business identifiers, and the goodwill
associated therewith, now existing or hereafter adopted or acquired, all
registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Patent and Trademark Office or in any
similar office or agency of the United States, any state thereof or any other
country or any political subdivision thereof, or otherwise, including, without
limitation, any thereof referred to in SCHEDULE B hereto, and (b) all reissues,
extensions or renewals thereof.

            "TRADEMARK LICENSE" shall mean any agreement, written or oral,
providing for the grant by the Company of any right to use any Trademark,
including, without limitation, any thereof referred to in SCHEDULE B hereto.

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            "TRADE SECRETS" shall mean common law and statutory trade secrets
and all other confidential or proprietary or useful information and all know-how
obtained by or used in or contemplated at any time for use in the business of
the Company (all of the foregoing being collectively called a "TRADE SECRET"),
whether or not such Trade Secret has been reduced to a writing or other tangible
form, including all documents and things embodying, incorporating or referring
in any way to such Trade Secret, all Trade Secret licenses, including each Trade
Secret license referred to in SCHEDULE B hereto, and including the right to sue
for and to enjoin and to collect damages for the actual or threatened
misappropriation of any Trade Secret and for the breach or enforcement of any
such Trade Secret license.

      43.   GRANT OF SECURITY INTEREST. In accordance with Section 3(m) of the
Security Agreement, to secure the complete and timely payment, performance and
discharge in full, as the case may be, of all of the Obligations, the Company
hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the
Secured Party, a continuing security interest in, a continuing first lien upon,
an unqualified right to possession and disposition of and a right of set-off
against, in each case to the fullest extent permitted by law, all of the
Company's right, title and interest of whatsoever kind and nature in and to the
Intellectual Property (the "SECURITY Interest").

      44.   REPRESENTATIONS AND WARRANTIES. The Company hereby represents and
warrants, and covenants and agrees with, the Secured Party as follows:

            A.    The Company has the requisite corporate power and authority to
enter into this Agreement and otherwise to carry out its obligations thereunder.
The execution, delivery and performance by the Company of this Agreement and the
filings contemplated therein have been duly authorized by all necessary action
on the part of the Company and no further action is required by the Company.
This Agreement constitutes a legal, valid and binding obligation of the Company
enforceable in accordance with its terms, except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditor's rights generally.

            B.    The Company represents and warrants that it has no place of
business or offices where its respective books of account and records are kept
(other than temporarily at the offices of its attorneys or accountants) or
places where the Intellectual Property is stored or located, except as set forth
on SCHEDULE A attached hereto;

            C.    The Company is the sole owner of the Intellectual Property
(except for non-exclusive licenses granted by the Company in the ordinary course
of business), free and clear of any liens, security interests, encumbrances,
rights or claims, and is fully authorized to grant the Security Interest in and
to pledge the Intellectual Property, except as set forth on SCHEDULE B. There is
not on file in any governmental or regulatory authority, agency or recording
office an effective financing statement, security agreement, license or transfer
or any notice of any of the foregoing (other than those that have been filed in
favor of the Secured Party pursuant to this Agreement or a security agreement
prior to the date hereof) covering or affecting any of the Intellectual
Property, except as set forth on SCHEDULE B. So long as this Agreement shall be
in effect, the Company shall not execute and shall not knowingly permit to be on
file in any such office or agency any such financing statement or other document
or instrument (except to the extent filed or recorded in favor of the Secured
Party pursuant to the terms of this Agreement or a security agreement prior to
the date hereof), except for a financing statement covering assets acquired by
the Company after the date hereof or as set forth on SCHEDULE B, provided that
the value of the Intellectual Property covered by this Agreement along with the
Collateral (as defined in the Security Agreement) is equal to at least 150% of
the Obligations.

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            D.    The Company shall at all times maintain its books of account
and records relating to the Intellectual Property at its principal place of
business and its Intellectual Property at the locations set forth on SCHEDULE A
attached hereto and may not relocate such books of account and records unless it
delivers to the Secured Party at least 30 days prior to such relocation (i)
written notice of such relocation and the new location thereof (which must be
within the United States) and (ii) evidence that the necessary documents have
been filed and recorded and other steps have been taken to perfect the Security
Interest to create in favor of the Secured Party valid, perfected and continuing
first priority liens in the Intellectual Property to the extent they can be
perfected through such filings.

            E.    This Agreement creates in favor of the Secured Party a valid
security interest in the Intellectual Property securing the payment and
performance of the Obligations and, upon making the filings required hereunder,
a perfected first priority security interest in such Intellectual Property to
the extent that it can be perfected through such filings.

            F.    Upon request of the Secured Party, the Company shall execute
and deliver any and all agreements, instruments, documents, and papers as the
Secured Party may request to evidence the Secured Party's security interest in
the Intellectual Property and the goodwill and general intangibles of the
Company relating thereto or represented thereby, and the Company hereby appoints
the Secured Party its attorney-in-fact to execute and file all such writings for
the foregoing purposes, all acts of such attorney being hereby ratified and
confirmed; such power being coupled with an interest is irrevocable until the
Obligations have been fully satisfied and are paid in full.

            G.    Except as set forth on SCHEDULE B, the execution, delivery and
performance of this Agreement does not conflict with or cause a breach or
default, or an event that with or without the passage of time or notice, shall
constitute a breach or default, under any agreement to which the Company is a
party or by which the Company is bound. No consent (including, without
limitation, from stock holders or creditors of the Company) is required for the
Company to enter into and perform its obligations hereunder.

            H.    The Company shall at all times maintain the liens and Security
Interest provided for hereunder as valid and perfected first priority liens and
security interests in the Intellectual Property to the extent they can be
perfected by filing in favor of the Secured Party until this Agreement and the
Security Interest hereunder shall terminate pursuant to Section 11. The Company
hereby agrees to defend the same against any and all persons. The Company shall
safeguard and protect all Intellectual Property for the account of the Secured
Party. Without limiting the generality of the foregoing, the Company shall pay
all fees, taxes and other amounts necessary to maintain the Intellectual
Property and the Security Interest hereunder, and the Company shall obtain and
furnish to the Secured Party from time to time, upon demand, such releases
and/or subordinations of claims and liens which may be required to maintain the
priority of the Security Interest hereunder.

            I.    The Company will not transfer, pledge, hypothecate, encumber,
license (except for non-exclusive licenses granted by the Company in the
ordinary course of business), sell or otherwise dispose of any of the
Intellectual Property without the prior written consent of the Secured Party.

            J.    The Company shall, within ten (10) days of obtaining knowledge
thereof, advise the Secured Party promptly, in sufficient detail, of any
substantial change in the Intellectual Property, and of the occurrence of any
event which would have a material adverse effect on the value of the
Intellectual Property or on the Secured Party's security interest therein.

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            K.    The Company shall permit the Secured Party and its
representatives and agents to inspect the Intellectual Property at any time, and
to make copies of records pertaining to the Intellectual Property as may be
requested by the Secured Party from time to time.

            L.    The Company will take all steps reasonably necessary to
diligently pursue and seek to preserve, enforce and collect any rights, claims,
causes of action and accounts receivable in respect of the Intellectual
Property.

            M.    The Company shall promptly notify the Secured Party in
sufficient detail upon becoming aware of any attachment, garnishment, execution
or other legal process levied against any Intellectual Property and of any other
information received by the Company that may materially affect the value of the
Intellectual Property, the Security Interest or the rights and remedies of the
Secured Party hereunder.

            N.    All information heretofore, herein or hereafter supplied to
the Secured Party by or on behalf of the Company with respect to the
Intellectual Property is accurate and complete in all material respects as of
the date furnished.

            O.    SCHEDULE A attached hereto contains a list of all of the
subsidiaries of Company.

            P.    SCHEDULE B attached hereto includes all Licenses, and all
Patents and Patent Licenses, if any, owned by the Company in its own name as of
the date hereof. SCHEDULE B hereto includes all Trademarks and Trademark
Licenses, if any, owned by the Company in its own name as of the date hereof.
SCHEDULE B hereto includes all Copyrights and Copyright Licenses, if any, owned
by the Company in its own name as of the date hereof. SCHEDULE B hereto includes
all Trade Secrets and Trade Secret Licenses, if any, owned by the Company as of
the date hereof. To the best of the Company's knowledge, each License, Patent,
Trademark, Copyright and Trade Secret is valid, subsisting, unexpired,
enforceable and has not been abandoned. Except as set forth in SCHEDULE B, none
of such Licenses, Patents, Trademarks, Copyrights and Trade Secrets is the
subject of any licensing or franchise agreement. To the best of the Company's
knowledge, no holding, decision or judgment has been rendered by any
Governmental Body which would limit, cancel or question the validity of any
License, Patent, Trademark, Copyright and Trade Secrets. No action or proceeding
is pending (i) seeking to limit, cancel or question the validity of any License,
Patent, Trademark, Copyright or Trade Secret, or (ii) which, if adversely
determined, would have a material adverse effect on the value of any License,
Patent, Trademark, Copyright or Trade Secret. The Company has used and will
continue to use for the duration of this Agreement, proper statutory notice in
connection with its use of the Patents, Trademarks and Copyrights and consistent
standards of quality in products leased or sold under the Patents, Trademarks
and Copyrights.

            Q.    With respect to any Intellectual Property:

                  1.    such Intellectual Property is subsisting and has not
                        been adjudged invalid or unenforceable, in whole or in
                        part;

                  2.    such Intellectual Property is valid and enforceable;

                  3.    the Company has made all necessary filings and
                        recordations to protect its interest in such
                        Intellectual Property, including, without limitation,
                        recordations of all of its interests in the Patents,
                        Patent Licenses, Trademarks and Trademark Licenses in
                        the United States Patent and Trademark Office and in
                        corresponding offices throughout the world and its
                        claims to the Copyrights and Copyright Licenses in the
                        United States Copyright Office and in corresponding
                        offices throughout the world;

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                  4.    other than as set forth in SCHEDULE B, the Company is
                        the exclusive owner of the entire and unencumbered
                        right, title and interest in and to such Intellectual
                        Property and no claim has been made that the use of such
                        Intellectual Property infringes on the asserted rights
                        of any third party; and

                  5.    the Company has performed and will continue to perform
                        all acts and has paid all required fees and taxes to
                        maintain each and every item of Intellectual Property in
                        full force and effect throughout the world, as
                        applicable.

            R.    Except with respect to any Trademark or Copyright that the
Company shall reasonably determine is of negligible economic value to the
Company, the Company shall:

                  1.    maintain each Trademark and Copyright in full force free
from any claim of abandonment for non-use, maintain as in the past the quality
of products and services offered under such Trademark or Copyright; employ such
Trademark or Copyright with the appropriate notice of registration; not adopt or
use any mark which is confusingly similar or a colorable imitation of such
Trademark or Copyright unless the Secured Party shall obtain a perfected
security interest in such mark pursuant to this Agreement; and not (and not
permit any licensee or sublicensee thereof to) do any act or knowingly omit to
do any act whereby any Trademark or Copyright may become invalidated;

                  2.    not, except with respect to any Patent that it shall
reasonably determine is of negligible economic value to it, do any act, or omit
to do any act, whereby any Patent may become abandoned or dedicated; and

                  3.    notify the Secured Party immediately if it knows, or has
reason to know, that any application or registration relating to any Patent,
Trademark or Copyright may become abandoned or dedicated, or of any adverse
determination or development (including, without limitation, the institution of,
or any such determination or development in, any proceeding in the United States
Patent and Trademark Office, United States Copyright Office or any court or
tribunal in any country) regarding its ownership of any Patent, Trademark or
Copyright or its right to register the same or to keep and maintain the same.

            S.    Whenever the Company, either by itself or through any agent,
employee, licensee or designee, shall file an application for the registration
of any Patent, Trademark or Copyright with the United States Patent and
Trademark Office, United States Copyright Office or any similar office or agency
in any other country or any political subdivision thereof or acquire rights to
any new Patent, Trademark or Copyright whether or not registered, report such
filing to the Secured Party within five business days after the last day of the
fiscal quarter in which such filing occurs.

            T.    The Company shall take all reasonable and necessary steps,
including, without limitation, in any proceeding before the United States Patent
and Trademark Office, United States Copyright Office or any similar office or
agency in any other country or any political subdivision thereof, to maintain
and pursue each application (and to obtain the relevant registration) and to
maintain each registration of the Patents, Trademarks and Copyrights, including,
without limitation, filing of applications for renewal, affidavits of use and
affidavits of incontestability.

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            U.    In the event that any Patent, Trademark or Copyright included
in the Intellectual Property is infringed, misappropriated or diluted by a third
party, promptly notify the Secured Party after it learns thereof and shall,
unless it shall reasonably determine that such Patent, Trademark or Copyright is
of negligible economic value to it, which determination it shall promptly report
to the Secured Party, promptly sue for infringement, misappropriation or
dilution, to seek injunctive relief where appropriate and to recover any and all
damages for such infringement, misappropriation or dilution, or take such other
actions as it shall reasonably deem appropriate under the circumstances to
protect such Patent, Trademark or Copyright. If the Company lacks the financial
resources to comply with this Section 3(t), the Company shall so notify the
Secured Party and shall cooperate fully with any enforcement action undertaken
by the Secured Party on behalf of the Company.

      45.   DEFAULTS. The following events shall be "EVENTS OF DEFAULT":

            A.    The occurrence of an Event of Default (as defined in the
Notes) under the Notes;

            B.    Any representation or warranty of the Company in this
Agreement or in the Security Agreement shall prove to have been incorrect in any
material respect when made;

            C.    The failure by the Company to observe or perform any of its
obligations hereunder or in the Security Agreement for ten (10) days after
receipt by the Company of notice of such failure from the Secured Party; and

            D.    Any breach of, or default under, the Warrants.

      46.   DUTY TO HOLD IN TRUST. Upon the occurrence of any Event of Default
and at any time thereafter, the Company shall, upon receipt by it of any
revenue, income or other sums subject to the Security Interest, whether payable
pursuant to the Notes or otherwise, or of any check, draft, note, trade
acceptance or other instrument evidencing an obligation to pay any such sum,
hold the same in trust for the Secured Party and shall forthwith endorse and
transfer any such sums or instruments, or both, to the Secured Party for
application to the satisfaction of the Obligations.

      47.   RIGHTS AND REMEDIES UPON DEFAULT. Upon occurrence of any Event of
Default and at any time thereafter, the Secured Party shall have the right to
exercise all of the remedies conferred hereunder and under the Notes, and the
Secured Party shall have all the rights and remedies of a secured party under
the UCC and/or any other applicable law (including the Uniform Commercial Code
of any jurisdiction in which any Intellectual Property is then located). Without
limitation, the Secured Party shall have the following rights and powers:

            A.    The Secured Party shall have the right to take possession of
the Intellectual Property and, for that purpose, enter, with the aid and
assistance of any person, any premises where the Intellectual Property, or any
part thereof, is or may be placed and remove the same, and the Company shall
assemble the Intellectual Property and make it available to the Secured Party at
places which the Secured Party shall reasonably select, whether at the Company's
premises or elsewhere, and make available to the Secured Party, without rent,
all of the Company's respective premises and facilities for the purpose of the
Secured Party taking possession of, removing or putting the Intellectual
Property in saleable or disposable form.

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            B.    The Secured Party shall have the right to operate the business
of the Company using the Intellectual Property and shall have the right to
assign, sell, lease or otherwise dispose of and deliver all or any part of the
Intellectual Property, at public or private sale or otherwise, either with or
without special conditions or stipulations, for cash or on credit or for future
delivery, in such parcel or parcels and at such time or times and at such place
or places, and upon such terms and conditions as the Secured Party may deem
commercially reasonable, all without (except as shall be required by applicable
statute and cannot be waived) advertisement or demand upon or notice to the
Company or right of redemption of the Company, which are hereby expressly
waived. Upon each such sale, lease, assignment or other transfer of Intellectual
Property, the Secured Party may, unless prohibited by applicable law which
cannot be waived, purchase all or any part of the Intellectual Property being
sold, free from and discharged of all trusts, claims, right of redemption and
equities of the Company, which are hereby waived and released.

      48.   APPLICATIONS OF PROCEEDS. The proceeds of any such sale, lease or
other disposition of the Intellectual Property hereunder shall be applied first,
to the expenses of retaking, holding, storing, processing and preparing for
sale, selling, and the like (including, without limitation, any taxes, fees and
other costs incurred in connection therewith) of the Intellectual Property, to
the reasonable attorneys' fees and expenses incurred by the Secured Party in
enforcing its rights hereunder and in connection with collecting, storing and
disposing of the Intellectual Property, and then to satisfaction of the
Obligations, and to the payment of any other amounts required by applicable law,
after which the Secured Party shall pay to the Company any surplus proceeds. If,
upon the sale, license or other disposition of the Intellectual Property, the
proceeds thereof are insufficient to pay all amounts to which the Secured Party
is legally entitled, the Company will be liable for the deficiency, together
with interest thereon, at the rate of 15% per annum (the "DEFAULT RATE"), and
the reasonable fees of any attorneys employed by the Secured Party to collect
such deficiency. To the extent permitted by applicable law, the Company waives
all claims, damages and demands against the Secured Party arising out of the
repossession, removal, retention or sale of the Intellectual Property, unless
due to the gross negligence or willful misconduct of the Secured Party.

      49.   COSTS AND EXPENSES. The Company agrees to pay all out-of-pocket
fees, costs and expenses incurred in connection with any filing required
hereunder, including without limitation, any financing statements, continuation
statements, partial releases and/or termination statements related thereto or
any expenses of any searches reasonably required by the Secured Party. The
Company shall also pay all other claims and charges which in the reasonable
opinion of the Secured Party might prejudice, imperil or otherwise affect the
Intellectual Property or the Security Interest therein. The Company will also,
upon demand, pay to the Secured Party the amount of any and all reasonable
expenses, including the reasonable fees and expenses of its counsel and of any
experts and agents, which the Secured Party may incur in connection with (i) the
enforcement of this Agreement, (ii) the custody or preservation of, or the sale
of, collection from, or other realization upon, any of the Intellectual
Property, or (iii) the exercise or enforcement of any of the rights of the
Secured Party under the Notes. Until so paid, any fees payable hereunder shall
be added to the principal amount of the Notes and shall bear interest at the
Default Rate.

      50.   RESPONSIBILITY FOR INTELLECTUAL PROPERTY. The Company assumes all
liabilities and responsibility in connection with all Intellectual Property, and
the obligations of the Company hereunder or under the Notes and the Warrants
shall in no way be affected or diminished by reason of the loss, destruction,
damage or theft of any of the Intellectual Property or its unavailability for
any reason.

      51.   SECURITY INTEREST ABSOLUTE. All rights of the Secured Party and all
Obligations of the Company hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement,
the Notes, the Warrants or any agreement entered into in connection with the
foregoing, or any portion hereof or thereof; (b) any change in the time, manner
or place of payment or performance of, or in any other term of, all or any of
the Obligations, or any other amendment or waiver of or any consent to any
departure from the Notes, the Warrants or any other agreement entered into in
connection with the foregoing; (c) any exchange, release or nonperfection of any
of the Intellectual Property, or any release or amendment or waiver of or

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consent to departure from any other Intellectual Property for, or any guaranty,
or any other security, for all or any of the Obligations; (d) any action by the
Secured Party to obtain, adjust, settle and cancel in its sole discretion any
insurance claims or matters made or arising in connection with the Intellectual
Property; or (e) any other circumstance which might otherwise constitute any
legal or equitable defense available to the Company, or a discharge of all or
any part of the Security Interest granted hereby. Until the Obligations shall
have been paid and performed in full, the rights of the Secured Party shall
continue even if the Obligations are barred for any reason, including, without
limitation, the running of the statute of limitations or bankruptcy. The Company
expressly waives presentment, protest, notice of protest, demand, notice of
nonpayment and demand for performance. In the event that at any time any
transfer of any Intellectual Property or any payment received by the Secured
Party hereunder shall be deemed by final order of a court of competent
jurisdiction to have been a voidable preference or fraudulent conveyance under
the bankruptcy or insolvency laws of the United States, or shall be deemed to be
otherwise due to any party other than the Secured Party, then, in any such
event, the Company's obligations hereunder shall survive cancellation of this
Agreement, and shall not be discharged or satisfied by any prior payment thereof
and/or cancellation of this Agreement, but shall remain a valid and binding
obligation enforceable in accordance with the terms and provisions hereof. The
Company waives all right to require the Secured Party to proceed against any
other person or to apply any Intellectual Property which the Secured Party may
hold at any time, or to marshal assets, or to pursue any other remedy. The
Company waives any defense arising by reason of the application of the statute
of limitations to any obligation secured hereby.

      52.   TERM OF AGREEMENT. This Agreement and the Security Interest shall
terminate on the date on which all payments under the Notes have been made in
full and all other Obligations have been paid or discharged. Upon such
termination, the Secured Party, at the request and at the expense of the
Company, will join in executing any termination statement with respect to any
financing statement executed and filed pursuant to this Agreement.

      53.   POWER OF ATTORNEY; FURTHER ASSURANCES.

            A.    The Company authorizes the Secured Party, and does hereby
make, constitute and appoint it, and its respective officers, agents, successors
or assigns with full power of substitution, as the Company's true and lawful
attorney-in-fact, with power, in its own name or in the name of the Company, to,
after the occurrence and during the continuance of an Event of Default, (i)
endorse any notes, checks, drafts, money orders, or other instruments of payment
(including payments payable under or in respect of any policy of insurance) in
respect of the Intellectual Property that may come into possession of the
Secured Party; (ii) to sign and endorse any UCC financing statement or any
invoice, freight or express bill, bill of lading, storage or warehouse receipts,
drafts against debtors, assignments, verifications and notices in connection
with accounts, and other documents relating to the Intellectual Property; (iii)
to pay or discharge taxes, liens, security interests or other encumbrances at
any time levied or placed on or threatened against the Intellectual Property;
(iv) to demand, collect, receipt for, compromise, settle and sue for monies due
in respect of the Intellectual Property; and (v) generally, to do, at the option
of the Secured Party, and at the Company's expense, at any time, or from time to
time, all acts and things which the Secured Party deems necessary to protect,
preserve and realize upon the Intellectual Property and the Security Interest
granted therein in order to effect the intent of this Agreement, the Notes and
the Warrants, all as fully and effectually as the Company might or could do; and
the Company hereby ratifies all that said attorney shall lawfully do or cause to
be done by virtue hereof. This power of attorney is coupled with an interest and
shall be irrevocable for the term of this Agreement and thereafter as long as
any of the Obligations shall be outstanding.

                                       9

<Page>

            B.    On a continuing basis, the Company will make, execute,
acknowledge, deliver, file and record, as the case may be, in the proper filing
and recording places in any jurisdiction, including, without limitation, the
jurisdictions indicated on SCHEDULE C, attached hereto, all such instruments,
and take all such action as may reasonably be deemed necessary or advisable, or
as reasonably requested by the Secured Party, to perfect the Security Interest
granted hereunder and otherwise to carry out the intent and purposes of this
Agreement, or for assuring and confirming to the Secured Party the grant or
perfection of a security interest in all the Intellectual Property.

            C.    The Company hereby irrevocably appoints the Secured Party as
the Company's attorney-in-fact, with full authority in the place and stead of
the Company and in the name of the Company, from time to time in the Secured
Party's discretion, to take any action and to execute any instrument which the
Secured Party may deem necessary or advisable to accomplish the purposes of this
Agreement, including the filing, in its sole discretion, of one or more
financing or continuation statements and amendments thereto, relative to any of
the Intellectual Property without the signature of the Company where permitted
by law.

      54.   NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing, with copies to all the other parties hereto, and
shall be deemed to have been duly given when (i) if delivered by hand, upon
receipt, (ii) if sent by facsimile, upon receipt of proof of sending thereof,
(iii) if sent by nationally recognized overnight delivery service (receipt
requested), the next business day or (iv) if mailed by first-class registered or
certified mail, return receipt requested, postage prepaid, four days after
posting in the U.S. mails, in each case if delivered to the following addresses:

If to the Company:              Ingen Technologies, Inc.
                                35193 Avenue "A", Suite-C
                                Yucaipa, CA 92399
                                Attention: Chief Executive Officer
                                Telephone: (909) 790-7180
                                Facsimile: (909) 790-7185

With a copy to:                 Anslow & Jaclin, LLP
                                195 Route 9, Suite 204
                                Manalapan, NJ 07725
                                Attention: Gregg Jaclin, Esq.
                                Telephone: (732) 409-1212
                                Facsimile: (732) 577-1188

If to the Secured Party:        AJW Partners, LLC
                                AJW Offshore, Ltd.
                                AJW Qualified Partners, LLC
                                New Millennium Capital Partners, II, LLC
                                1044 Northern Boulevard
                                Suite 302
                                Roslyn, New York  11576
                                Attention: Corey Ribotsky
                                Facsimile: 516-739-7115

                                       10

<Page>

With copies to:                 Ballard Spahr Andrews & Ingersoll, LLP
                                1735 Market Street, 51st Floor
                                Philadelphia, Pennsylvania  19103
                                Attention: Gerald J. Guarcini, Esquire
                                Facsimile: 215-864-8999

      55.   OTHER SECURITY. To the extent that the Obligations are now or
hereafter secured by property other than the Intellectual Property or by the
guarantee, endorsement or property of any other person, firm, corporation or
other entity, then the Secured Party shall have the right, in its sole
discretion, to pursue, relinquish, subordinate, modify or take any other action
with respect thereto, without in any way modifying or affecting any of the
Secured Party's rights and remedies hereunder.

      56.   MISCELLANEOUS.

            A.    No course of dealing between the Company and the Secured
Party, nor any failure to exercise, nor any delay in exercising, on the part of
the Secured Party, any right, power or privilege hereunder or under the Notes
shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, power or privilege hereunder or thereunder preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.

            B.    All of the rights and remedies of the Secured Party with
respect to the Intellectual Property, whether established hereby or by the Notes
or by any other agreements, instruments or documents or by law shall be
cumulative and may be exercised singly or concurrently.

            C.    This Agreement and the Security Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and is
intended to supersede all prior negotiations, understandings and agreements with
respect thereto. Except as specifically set forth in this Agreement, no
provision of this Agreement may be modified or amended except by a written
agreement specifically referring to this Agreement and signed by the parties
hereto.

            D.    In the event that any provision of this Agreement is held to
be invalid, prohibited or unenforceable in any jurisdiction for any reason,
unless such provision is narrowed by judicial construction, this Agreement
shall, as to such jurisdiction, be construed as if such invalid, prohibited or
unenforceable provision had been more narrowly drawn so as not to be invalid,
prohibited or unenforceable. If, notwithstanding the foregoing, any provision of
this Agreement is held to be invalid, prohibited or unenforceable in any
jurisdiction, such provision, as to such jurisdiction, shall be ineffective to
the extent of such invalidity, prohibition or unenforceability without
invalidating the remaining portion of such provision or the other provisions of
this Agreement and without affecting the validity or enforceability of such
provision or the other provisions of this Agreement in any other jurisdiction.

            E.    No waiver of any breach or default or any right under this
Agreement shall be considered valid unless in writing and signed by the party
giving such waiver, and no such waiver shall be deemed a waiver of any
subsequent breach or default or right, whether of the same or similar nature or
otherwise.

            F.    This Agreement shall be binding upon and inure to the benefit
of each party hereto and its successors and assigns.

            G.    Each party shall take such further action and execute and
deliver such further documents as may be necessary or appropriate in order to
carry out the provisions and purposes of this Agreement.

                                       11

<Page>

            H.    This Agreement shall be construed in accordance with the laws
of the State of New York, except to the extent the validity, perfection or
enforcement of a security interest hereunder in respect of any particular
Intellectual Property which are governed by a jurisdiction other than the State
of New York in which case such law shall govern. Each of the parties hereto
irrevocably submit to the exclusive jurisdiction of any New York State or United
States Federal court sitting in Manhattan county over any action or proceeding
arising out of or relating to this Agreement, and the parties hereto hereby
irrevocably agree that all claims in respect of such action or proceeding may be
heard and determined in such New York State or Federal court. The parties hereto
agree that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. The parties hereto further waive any objection to
venue in the State of New York and any objection to an action or proceeding in
the State of New York on the basis of forum non conveniens.

            I.    EACH PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS
TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF
THIS AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF
ANY DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATER
OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY
HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT FOR EACH PARTY TO
ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY RELIED ON THIS
WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH PARTY WILL CONTINUE TO RELY
ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY FURTHER WARRANTS AND
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT
SUCH PARTY HAS KNOWINGLY AND VOLUNTARILY WAIVES ITS RIGHTS TO A JURY TRIAL
FOLLOWING SUCH CONSULTATION. THIS WAIVER IS IRREVOCABLE, MEANING THAT,
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IT MAY NOT BE MODIFIED EITHER
ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
RENEWALS AND SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. IN THE EVENT OF A
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
COURT.

            J.    This Agreement may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original and, all of
which taken together shall constitute one and the same Agreement. In the event
that any signature is delivered by facsimile transmission, such signature shall
create a valid binding obligation of the party executing (or on whose behalf
such signature is executed) the same with the same force and effect as if such
facsimile signature were the original thereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       12

<Page>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first above written.

                                        INGEN TECHNOLOGIES, INC.

                                        By: /s/ Scott R. Sand
                                            ------------------------------------
                                            Scott R. Sand
                                            Chief Executive Officer

                                        AJW PARTNERS, LLC
                                        By: SMS Group, LLC

                                        By: /s/ Corey S. Ribotsky
                                            ------------------------------------
                                            Corey S. Ribotsky
                                            Manager

                                        AJW OFFSHORE, LTD.
                                        By: First Street Manager II, LLC

                                        By: /s/ Corey S. Ribotsky
                                            ------------------------------------
                                            Corey S. Ribotsky
                                            Manager

                                        AJW QUALIFIED PARTNERS, LLC
                                        By: AJW Manager, LLC

                                        By: /s/ Corey S. Ribotsky
                                            ------------------------------------
                                            Corey S. Ribotsky
                                            Manager

                                        NEW MILLENNIUM CAPITAL PARTNERS II, LLC
                                        By: First Street Manager II, LLC

                                        By: /s/ Corey S. Ribotsky
                                            ------------------------------------
                                            Corey S. Ribotsky
                                            Manager

                                       13<Page>

EXHIBIT 10.31

                               INVESTMENT CONTRACT
                      ACCREDITED INVESTORS ONLY (GLECKMAN)

      A.    PARTIES

      This agreement is entered into this 1st day of December, 2006, by and
between INGEN TECHNOLOGIES, INC., a Georgia corporation and Jeffrey Gleckman, a
resident of California ("subscriber" or "undersigned").

      B.    RECITALS AND SUMMARY

      Ingen Technologies, Inc. ("COMPANY") intends to raise up to $10.5 million
or more utilizing Regulation S-B of the SEC ("S-B offering"). The purpose of
this Agreement is for subscriber to supply $68,000 in interim financing to the
COMPANY.

      Subscriber is purchasing 2 million shares of COMPANY restricted common
shares at a price of $0.034 per share. These shares will be registered by the
COMPANY in the S-B offering. The COMPANY states that it will use its best
efforts to file the S-B registration statement with the SEC by December 20, 2006
and applicable states (Blue Sky registration) no later than December 20, 2006.

      The purchase price is payable upon the signing of this agreement. Upon
receipt of payment, COMPANY shall direct its transfer agent to prepare and
transmit a stock certificate for restricted shares per the above.

      The COMPANY's common stock trades on the Pink Sheets under the symbol
"IGTG." The COMPANY is delinquent in its periodic reporting to the SEC under the
Securities Exchange Act of 1934. The COMPANY did not report from 1998 until it
resumed reporting in November of 2005. The COMPANY is in the process of tracking
down and gathering information for the unreported time periods. COMPANY counsel
is in regular contact with the SEC Enforcement Staff, supplying information
regarding back filing plans. The COMPANY has also pledged to stay current with
new reporting filings as they become due.

      This is a HIGH RISK INVESTMENT that should be undertaken only by
accredited, sophisticated people with the means to risk loss of the entire
investment.

      C.    OTHER TERMS OF THE CONTRACT

      This offering is limited to qualified persons and entities who are
accredited as defined by federal law (Regulation D of the Securities and
Exchange Commission). Subscribers must have the experience, knowledge and
sophistication to ascertain the suitability of this investment opportunity in
relation to their own needs and/or have a pre-existing personal, family or
business relationship with management and/or its officials.

                                       1

<Page>

      There is no impound amount in this offering. All proceeds from this stock
offer and purchase Agreement will go directly into the COMPANY's bank account to
be utilized as contained below. Prospective investors should realize that
additional investment is be required before the COMPANY is able to begin the
manufacture and sale of its proprietary products. There is no guarantee the
COMPANY will be able to raise enough funds in this or some other offering
enabling it to progress beyond its current stage of operation.

      D.    COMPLIANCE WITH SECURITIES LAWS

      The parties understand that this Agreement is a "security" as defined
under applicable state and federal law. This is primarily because the investment
provided for herein is in the nature of a "passive investment" wherein
subscriber is providing funds for the COMPANY through purchase of common stock,
but not participating in the active management of the funds.

      It is understood that this Agreement will not be registered with any state
or federal securities regulatory authority and that the parties are relying upon
exemptions from registration under state and federal law, or, the parties are
relying on a federal law "private placement" exemption that pre-empts state law.
No state or federal securities regulator has read or passed upon the merits or
adequacy of this Agreement. The COMPANY is relying upon California Corporations
Code Section 25102(f) and other exemptions in the Corporations Code regarding
this offer and sale of securities.

      E.    ESTIMATED USE OF PROCEEDS

      Funds will be utilized for engineering, tooling, marketing and inventory
production of the COMPANY's product OxyView and for general and administrative
expenses, including the cost of filing the S-B offering and continued work on
past due periodic reporting filings. Management should be contacted directly for
more specific information regarding OxyView and the COMPANY's operation. In
addition, the COMPANY's EDGAR filings contain information regarding its
operation.

      F.    ALLOCATIONS AND PROFIT PARTICIPATION

      The COMPANY has no current dividend policy in place. The COMPANY is a
"going concern" and there are no plans to pay shareholder dividends until and if
the COMPANY progresses to the point of generating sales revenues beyond that
needed to operate and grow the COMPANY.

      G.    MANAGEMENT

      The resume of Mr. Scott R. Sand, CEO and Chairman, is contained within
Form 10-KSB for the COMPANY's fiscal year ending May 31, 2005 (as filed on
EDGAR). Other officers and directors of the COMPANY (as well as additional
information about the COMPANY and its business) can be found on the COMPANY's
website: WWW.INGEN-TECH.COM and on EDGAR in the Form 10-KSB for the fiscal year
ending May 31, 2005 and in other EDGAR filings.

                                       2

<Page>

      H.    COMPENSATION, STOCK OWNERSHIP OF MANAGEMENT

      Mr. Sand is paid $5000 per month on a "1099" basis by the COMPANY (he is
entitled to receive $150,000 per year; the rest is accruing). Board members are
paid $500 per meeting.

      Management stock ownership is contained on EDGAR in the COMPANY's Form
10-KSB for the fiscal year ending May 31, 2005. Scott Sand has sold or gifted
some of his preferred shares since then and should be contacted directly for
more information regarding any such transaction.

      I.    SALE OF COMPANY STOCK BY MANAGEMENT

      Management will market the unrestricted common stock offered hereby.
Management will not pay itself commissions regarding these sales. Management has
no current plans to pay commissions or finders fees to third parties regarding
the sale of stock herein, but reserves the right to pay such reasonable
compensation if necessary (in the sound discretion of Management). The payment
of any compensation for sale of the COMPANY's securities will reduce the amount
of proceeds available for the uses as mentioned above.

      J.    REPRESENTATIONS AND WARRANTIES OF THE COMPANY

      The COMPANY represents and warrants that it is properly formed and in good
standing in the state of Georgia.

      The COMPANY represents and warrants that Management will use its best
efforts to raise or otherwise provide enough funding to move the COMPANY into a
profitable operating mode.

      The COMPANY does not represent and warrant that it will ultimately be able
to obtain an Effective Date for its S-B Offering. The COMPANY does not represent
and warrant that it will be able to complete its back filings on EDGAR in a
timely or complete manner as required by the SEC rules and staff or that the
COMPANY's shareholders will always be able to trade the COMPANY's stock in a
public market.

      Management will conduct all business on behalf of the COMPANY in a
professional and timely manner. The COMPANY represents and warrants that it has
the legal right to develop, manufacture and sell its products.

      K.    REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER ("THE UNDERSIGNED")

            1.    The undersigned has received and carefully reviewed, and is
familiar with this Agreement and all material incorporated by reference herein,
all amendments and attachments delivered herewith. In evaluating the suitability
of an investment in this Agreement, the undersigned has not relied upon any
representations or other information (whether oral or written) from the COMPANY,
its officers, directors, managers or employees other than as set forth in the
Agreement and other delivered materials.

            2.    The undersigned has such knowledge and experience in financial
and business matters that he is capable of evaluating the merits and risks of
the prospective entrance into this Agreement.

            3.    The undersigned has obtained, to the extent he deems
necessary, his own personal professional advice with respect to the risks
inherent in the investment in this Agreement, and the suitability of the
investment in light of his financial condition and investment needs.

                                       3

<Page>

            4.    The undersigned believes that the investment in this Agreement
is suitable for him based upon his investment objectives and financial needs,
and the undersigned is accredited and has adequate means of providing for his
current financial needs and personal contingencies and has no need for liquidity
of investment with respect to this Agreement.

            5.    The undersigned has been given access to full and complete
information (or is aware of and has reviewed the COMPANY's EDGAR filings)
regarding the COMPANY, its Management and business plan, and has utilized such
access to his satisfaction, or waived the opportunity to do so, for the purpose
of asking questions and receiving answers concerning the terms and conditions of
this Agreement, obtaining information in addition to, or verifying information
included in, this Agreement, and obtaining any of the documents or information
described herein. The undersigned has either attended or been give reasonable
opportunity to attend a meeting with representatives of the COMPANY for the
purpose of asking questions of, and receiving answers from, such representatives
concerning the terms and conditions of this Agreement and to obtain any
additional information, to the extent reasonably available, necessary to verify
the accuracy of information provided in this Agreement.

            6.    The undersigned recognizes that the COMPANY has a limited
operating history, and that entry into this Agreement as an investment involves
a high degree of risk including, but not limited to, the risk of economic losses
from operations of the COMPANY and the risks involved in developing, producing,
marketing a electronic medical monitoring devices and other products.

            7.    The undersigned realizes that although he is receiving
restricted common COMPANY shares with "piggy back registration rights," that
there is no guarantee or promise made that the S-B offering in which the shares
will be registered will receive an Effective Date or that a public market for
the shares (if the registration becomes effective) will remain in existence. The
price of the shares has been arbitrarily established by Management without
regard to the financial condition of the COMPANY.

            8.    The undersigned acknowledges that the COMPANY and its
affiliates have not retained counsel to provide its prospective investors with
representation in connection with this offering. The undersigned also
acknowledges that he understands that (i) no counsel has undertaken any
independent due diligence investigation of the facts and circumstances relating
to this offering, and (ii) he must assume responsibility for his own due
diligence investigation, and (iii) the protection afforded by a complete due
diligence investigation of counsel is not present in this offering.

            9.    The undersigned acknowledges that he understands the risk that
insufficient capital will be raised in this offering or in any subsequent
offering or financing to assist in accomplishing the COMPANY's goals; and that
there is absolutely no assurance that (a) the COMPANY will complete this private
offering of its stock; (b) that the COMPANY will be able to operate profitably.
Further, the undersigned acknowledges that if the COMPANY is unable to
successfully conclude this offering, any other private or public offering or
obtain other financing, the COMPANY (and, therefore, the undersigned) would
suffer a substantial loss which may result in the COMPANY not being able to
develop and market the COMPANY's products or product lines.

            10.   The undersigned has been advised that this Agreement has not
being registered under the Act or the relevant state securities law, but are
being offered and sold pursuant to exemptions from such registrations, and that
the COMPANY's reliance upon such exemptions is predicated partly on the
undersigned's representations to the COMPANY as contained herein.

                                       4

<Page>

            11.   The undersigned represents and warrants that he is a bona fide
resident of, and is domiciled in, the State of California, and that his entry
into this Agreement is solely for his own beneficial interest and not as nominee
for, or on behalf of, or for the beneficial interest of, or with the intention
to transfer to, any other person, trust, or organization.

            12.   The undersigned is informed of the significance to the COMPANY
of the foregoing representations, and such representations are made with the
intention that the COMPANY will rely on the same. The undersigned shall
indemnify and hold harmless the COMPANY, its officers, directors, managers and
agents against any losses, claims, damages, or liabilities to which they, or any
of them, may become subject insofar as such losses, claim, damages, or
liabilities (or actions in respect thereof) arise from any misrepresentation or
misstatement of facts or omission to represent or state facts made by the
undersigned to the COMPANY concerning the undersigned or the undersigned's
financial position in connection with the offering or sale of the Securities.

            13.   The undersigned, if other than an individual, makes the
following additional representations and warranties:

                  a.    The undersigned was not organized for the specific
purpose of entering into this Agreement.

                  b.    The execution of this Agreement has been duly authorized
by all necessary action on the part of the undersigned, has been duly executed
by the authorized officer or representative of the undersigned, and is a legal,
valid and binding obligation of the undersigned enforceable in accordance with
its terms.

            14.   The undersigned, if executing this Agreement in a
representative or fiduciary capacity, (ii) represents that he has full power and
authority to execute and deliver this Agreement on behalf of the subscribing
individual, partnership, trust, estate, corporation, or other entity for whom
the undersigned is executing this Agreement, and such individual, partnership,
trust, estate, corporation, or other entity has full right and power to perform
pursuant to such Agreement and become a shareholder of the COMPANY and (ii)
acknowledges that the representations and warranties contained herein shall be
deemed to have been made on behalf of the person or persons for whom the
undersigned is so purchasing.

            15.   Confidentiality.

                  a.    The provisions of this Agreement are confidential and
private and are not to be disclosed to outside parties (except on a reasonable
need to know basis only) without the written and express, advance consent of all
parties hereto.

                  b.    Subscriber agrees and acknowledges that in his
association with the COMPANY under this Agreement, he may come into possession
or knowledge of confidential and/or proprietary information. Such confidential
and/or proprietary information includes, but is not limited to: information
regarding agents, contractors, employees and all affiliates of which the COMPANY
possesses an ownership interest of ten percent (10%) or greater; corporate
and/or financial information and records of or any client, customer or associate
of the COMPANY; customer information; client information; shareholder
information; business contacts; investor leads and contacts; employee
information; documents regarding the COMPANY's website and any product, business
plan or presentation materials of the COMPANY.

                                       5

<Page>

      Subscriber represents and warrants to the COMPANY that he will not divulge
confidential, proprietary information of the COMPANY or any of its subsidiaries
to anyone or anything without the written and express, advance consent of the
COMPANY, and further represents and warrants that he will not use any
proprietary information of the COMPANY for his or anyone else's gain or
advantage at any time during or after the Term of this Agreement.

      L.    PRODUCT INFORMATION

      Information concerning the COMPANY'S products maybe obtained online at the
COMPANY'S website as mentioned above, on EDGAR in the COMPANY's periodic
reporting filings and/or by contacting Management.

      M.    REPORTS TO SHAREHOLDERS

      Shareholders will receive annual reports from Management containing
pertinent COMPANY business information. Shareholders, under law, have a right of
inspection of the books of the COMPANY for certain limited purposes.

      N.    LITIGATION, LEGAL MATTERS

      Management has no information leading it to believe that litigation is
imminent or planned by anyone with respect to the COMPANY.

      O.    ACCESS TO INFORMATION

      Prospective shareholders have the right to request additional information
relative to this private placement of securities and Management, to the extent
it can reasonably and affordably supply the same, has the duty to supply the
same in a timely manner.

      P.    MISCELLANEOUS LEGAL CONSIDERATIONS

            1.    Modifications and Amendments. The terms and conditions of this
Agreement may be amended at any time and from time to time, in whole and in
part, upon written agreement signed by a duly authorized officer of the COMPANY
and subscriber.

            2.    Expenses. Each party shall bear its own respective costs, fees
and expenses associated with entering into and executing its duties under this
Agreement.

            3.    Indemnification. Each party, if an offending party, agrees to
indemnify and hold harmless all other parties from any claim of damage of any
party or non-party arising out of any act or omission of the offending party
arising from this Agreement.

            4.    Notices. Any notice, request, proposal, statement or other
communication required or permitted to be given hereunder shall be in writing
and shall be deemed given when personally delivered or confirmed by facsimile or
ten (10) days after mailed by certified mail, postage prepaid, to the parties at
their respective addresses first set forth above or to such other address of
which a party shall have theretofore notified the other by a notice given in
accordance with this Paragraph, together with a courtesy copy to the receiving
party's counsel, as follows:

                                       6

<Page>

IF TO THE COMPANY:
------------------

Ingen Technologies, Inc.
285 E. County Line Rd.
Calimesa, CA 92320

IF TO SUBSCRIBER:
-----------------

Jeffrey Gleckman
25438 Verne Court
Stevenson Ranch, CA 91381

            5.    Breach. In the event of a breach of this Agreement, the
breaching party shall be notified by the other party by written notice pursuant
to the Notices Paragraph herein within ten (10) days of reasonable discovery of
the breach. Upon notice so given, the breach shall be corrected within fifteen
(15) days. If the breach is not corrected within this period, the non-breaching
party may take appropriate legal action consistent with the terms of this
Agreement.

            6.    Assignment. The provisions of this Agreement shall be binding
upon and inure to the benefit of the COMPANY and Subscriber and their respective
successors, assigns and personal representatives. If the COMPANY shall at any
time be merged or consolidated into or with any other corporation or if the
COMPANY's stock or substantially all of its assets are transferred to another
corporation, the provisions of this Agreement shall be binding upon and inure to
the benefit of Subscriber and the corporation resulting from such merger or
consolidation or to which such capital stock or assets shall be transferred, and
this provision shall apply in the event of any subsequent merger, consolidation
or transfer.

            7.    Entire Agreement. This Agreement is the full and complete,
integrated agreement of the parties, merging and superceding all previous
written and/or oral agreements and representations between the parties, and is
amendable only as provided for herein. This Agreement shall be interpreted as if
the parties had participated equally in its drafting.

            8.    Governing Law. This Agreement shall be governed by the laws of
the State of California applicable to contracts made to be performed entirely
therein, and each party agrees to submit to the personal jurisdiction of any
Court of competent jurisdiction in San Bernardino County and to all the rules
and orders of such Court, and the laws of the State of California.

            9.    Waiver. Any waiver by either party of any provision of this
Agreement or any right hereunder shall not be deemed a continuing waiver and
shall not prevent or estop such party from thereafter enforcing such provision,
and the failure of either party to insist in any one or more instances upon the
strict performance of any of the provisions of this Agreement by the other party
shall not be construed as a waiver or relinquishment for the future performance
of any such term or provision, but the same shall continue in full force and
effect.

            10.   Enforcement. If the parties cannot settle any dispute arising
out of or relating to this Agreement, or the breach thereof, in a reasonable and
timely fashion, either party may file for binding arbitration (as the exclusive
means of dispute resolution) within San Bernardino County, California.
Arbitration shall be governed by the rules of the American Arbitration
Association and judgment upon the award may be entered in any Court having
jurisdiction thereof. The arbitrator(s) may award reasonable attorneys fees and
costs to the prevailing party. However, the parties agree to reserve the right
to obtain a preliminary injunction from a court of competent jurisdiction if
necessary in the event of a material breach arising from this Agreement or to
otherwise enforce this Agreement if necessary.

                                       7

<Page>

            11.   Headings. The headings in this Agreement are solely for
convenience of reference and shall not affect its interpretation.

            12.   Possible Invalidity. In case any provision of this Agreement
should be held to be contrary to, or invalid under, the law of any country,
state or other jurisdiction, such illegality or invalidity shall not affect in
any way any of the other provisions hereof, this Agreement in such event to be
construed as though the offending provision had been deleted or modified in such
a manner as to make it enforceable to the maximum extent possible to reflect the
parties' intent hereunder, and all of the provisions hereof nevertheless shall
continue unmodified and in full force and effect in any country, state or
jurisdiction in which such provisions are legal and valid.

            13.   Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original and all of which together shall
constitute one and the same agreement. Facsimile signatures shall be considered
as valid and binding as original signatures.

            14.   Independent Covenants: Each of the respective rights and
obligations of the parties hereunder shall be deemed independent and may be
enforced independently irrespective of any of the other rights and obligations
set forth herein.

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

/s/ Scott R. Sand                             /s/ Jeffrey Gleckman
----------------------------------            ----------------------------------
INGEN TECHNOLOGIES, INC.                      SUBSCRIBER
By:  Scott R. Sand, CEO & Chairman

                                       8

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