Document:

Exhibit
10.2

    

    STOCK REDEMPTION
AGREEMENT

    

    This Stock Redemption Agreement (this
“Agreement”) is made and entered into effective this 16th day of September,
2010, by and between International Development and Environmental Holdings, Inc.,
a Nevada corporation (the “Company”), and JTMW Partners, a Florida partnership
(the “Shareholder”), Bernard J. Tanenbaum III (“Tanenbaum”) and Michael T.
Williams (“Williams”)

    

    WITNESSETH:

    

    WHEREAS, the Shareholder currently owns
31,710,000
shares of the Company’s Common Stock of the Company (the “Shares”);

    

    WHEREAS, Tanenbaum and Williams
(collective the “Officers”) are the sole partners of the
Shareholder;

    

    WHEREAS, the Officers also currently
serve as  the only officers and directors of the Company;

    

    WHEREAS, the Officers desire to
terminate their positions as directors and officers of the Company and have the
Company redeem the Shares from the Shareholder; and

    

    WHEREAS, the Company desires to accept
the Officers’ resignations as directors and officers of the Company and to
redeem 30,710,00 of the Shares on the terms and conditions set forth herein (the
“Redeemed Shares”).

    

    NOW, THEREFORE, for and in
consideration of the foregoing premises, mutual agreements and covenants herein
set forth, and for other valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto, intending to be legally bound
hereby, agree as follows:

    

    1.  Redemption.  Subject
to the terms and conditions contained herein, effective as of the date hereof,
the Shareholder hereby surrender the Redeemed Shares to the Company for
redemption, and agrees to deliver any and all certificates (or a declaration
regarding lost share certificate) representing such Redeemed Shares accompanied
by stock powers duly executed in blank (the “Certificates”) to the Company
within forty-eight (48) hours of the date hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.  
Payment.  Upon the satisfaction of the conditions set forth in
Section 6 hereof, the Company shall pay, as the purchase price for the
redemption of the Redeemed Shares and the delivery of the Release (as
hereinafter defined), an amount equal to the sum
of  $60,000,  which amount shall be paid by wire transfer or
check, and the Deferred Payment which  shall be paid on the date
hereof in the form of a 45-day secured promissory note in the form attached
hereto as Schedule “A.” The maximum amount of the Deferred Payment shall be
$450,000.

    

    3.  Representations and
Warranties of the Shareholder.  The Shareholder and the
Officers hereby represent and warrant to the Company that (a) the Shareholder
and the Officers have full legal right, power and capacity to execute and
deliver this Agreement and the Release Letter and to perform their respective
obligations hereunder and thereunder, (b) the Shareholder now owns the Shares
free and clear of all liens, encumbrances, and claims of others, and that the
Shareholder has the right to transfer and deliver the Shares to the Company for
redemption in accordance with the terms of this Agreement, (c) the Shareholder
and the Officers have such knowledge of the business and financial affairs of
the Company and possesses a sufficient degree of sophistication, knowledge and
experience in financial and business matters such that they are capable of
evaluating the sale of the Shares and the economic risks of having the same
redeemed by the Company, (d) the Shareholder and the Officers acknowledge that
they have had full opportunity to ask questions and receive answers concerning
the terms and conditions of this redemption; and (e) the Shareholder and the
Officers have no other interest in the Company other than the Shares, except as
has been disclosed to the Company.

    

    4.  Further
Assurances.   The
Company, the Shareholder, and the Officers shall execute and deliver such
additional instruments and documents as may reasonably be requested by the
Company,  the Shareholder, or either of the Partners in order to carry
out the purposes and intent of this Agreement and to fulfill the respective
obligations of the Company,  the Shareholder, and the Officers under
this Agreement.

    

    5.  Resignation and
Release.  As a condition precedent to the obligations of the
Company to redeem the Shares and pay the purchase price for such Shares, (a) the
Officers shall resign from their positions as officers and directors
of the Company and deliver such resignations in writing to the Corporation, and
(b) the Shareholder and
the Officers shall deliver a written release to the Company in the form attached
hereto as Schedule B (the “Release Letter”).

    

    6.   Entire
Agreement.  This
Agreement (along with the documents referred to in this Agreement) contains the
entire understanding and agreement of the parties with respect to the
transaction covered hereby and supersedes all other understandings and
agreements between the parties, oral or written, relating to the subject matter
of this Agreement.  No modification, alteration, or amendment of this
Agreement and no wavier of any provision of this Agreement shall be valid or
effective unless in writing executed by the Company,  the Shareholder,
and the Officers.

    

    7. 
Binding
Agreement.  This
Agreement shall be binding upon, inure to the benefit of, and apply to the
respective heirs, personal representatives, successors, and the assigns of the
parties hereto.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    8. 
Construction.  This
Agreement shall be construed and enforced in accordance with the substantive
laws of the State of New York, without regard to conflicts of laws
principles.  The language of all parts of this Agreement shall in all
cases be construed as a whole, according to its fair meaning, and not strictly
for or against any of the signatory parties.

    

    9.
 Counterparts.  This
Agreement may be executed in one or more counterparts, each of which will be
deemed to be an original copy of this Agreement and all of which, when taken
together, will be deemed to constitute one and the same agreement.

    

    IN
WITNESS WHEREOF, the parties have executed this Agreement the day and year first
above written.

    

    
      
        
          
            
              
                
                  
                    	 
      	
                            International
      Development and

                          
	 
      	
                            Environmental
      Holdings, Inc.

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      
	 
      	
                            Title:

                          
	 
      	 
      
	 
      	
                            JTMW
      Partners

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      
	 
      	 
      	
                            Bernard
      J. Tanenbaum, Partner

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      
	 
      	 
      	
                            Michael
      T. Williams, Partner

                          
	 
      	 
      
	 
      	
                             

                          
	 
      	
                             Bernard
      J. Tanenbaum, as an individual

                          
	 
      	 
      
	 
      	
                             

                          
	 
      	
                             Michael
      T. Williams, as an
individualExhibit
10.1

    TERMINATION
AGREEMENT

    

    This
TERMINATION AGREEMENT
(the “Agreement”) is
entered into as of this 24th day of
September, 2010 (the “Effective
Date”), by and between KL Energy Corporation, a Nevada corporation
(“KLE”), with a
principal place of business at 306 East Saint Joseph Street, Suite 200, Rapid
City, South Dakota, and Greenext Energy Europe S.A., a
foreign corporation organized under the laws of Luxembourg (“GNXT”), with a principal place
of business at 19 rue de Bitbourg, 1273 Luxembourg, and it’s Holding company
Pike S.A. of same place
of business and Mr. Roger Brochet, whose address is 25 Cottabloz, 3974
Mollens.

    

    Recitals

    

    WHEREAS, KLE licensed certain
technologies, along with the right to sublicense such
technologies,  to O2Diesel Europe, Plc (“O2”) in that certain
Technology License Agreement, dated March 6, 2008, by and between KL Process
Design Group, LLC, and O2 (the “License”);

    

    WHEREAS, O2 sublicensed these
technologies to GNXT in that certain Technology License
Agreement,  dated January 10, 2009as amended, by and between O2 and
GNXT and any subsequent amendments, and /or entire agreements (the “Sublicense”);

    

    WHEREAS, the License (and
obligations under the Sublicense) was acquired by a third party, Energenics
Holdings Pte Limited (“Energenics”), as a result of
O2’s insolvency;

    

    WHEREAS, KLE has acquired the
License (as well as O2’s obligations under the Sublicense), from Energenics;
and

    

    WHEREAS, KLE and GNXT wish to
terminate the Sublicense and any other rights, agreements, understandings or
other obligations between them in exchange for the consideration specified
below.

    

    NOW THEREFORE, in
consideration of the foregoing recitals, and the mutual promises and covenants
contained herein, KLE and GNXT agree:

    

    Agreement

    

    1.a.     Termination of
Sublicense.  Upon execution of this Agreement and payment of
the Termination Fee in 2.a. below, the Sublicense shall be terminated by the
parties.  Notwithstanding anything in the Sublicense to the contrary:
(a) all rights and licenses granted under the Sublicense will immediately
terminate; and (b) KLE shall pay GNXT the Termination Fee as set forth in
Section 2 below.

    

    1.b.     Transfer of other
rights from Energenics. In addition, any other rights obtain by GNXT from
Energenics will immediately be transferred from GNXT to KLE.

    

    2. a.    Termination
Fee.  In consideration for the execution of this Agreement, KLE
shall pay GNXT the sum of €40000 (Euros) (the “Termination Fee”) and shall be
by wire deposit to the following accounts:

    

    -€20,000euros
to designated bank account number #1

    -€20,000euros
to designated bank account number #2

    

    2.b.     Proceed of sale of
companies. In consideration for the execution of this Agreement and of
the payment of the Termination Fee, Mr. Roger Brochet undertakes to have GNXT
and its holding company Pike S.A.  sold as shell companies at the
earliest time and Mr. Roger Brochet will be able to keep the proceeds of such
sale. The sale of GNXT will include a provision for GNXT to change immediately
it’s name. Upon proof of sale of both companies and change of name of GNXT
submitted to KLE, KLE will pay immediately a bonus of €5,000euros to Mr. Roger
Brochet to an account designated by him at the time.

    

    3.       Mutual
Release.  Effective from and after the execution of this
Agreement, and excepting only such claims, demands and causes of action which
the parties may assert against one another for purposes of enforc­ing this
Agreement, or for purposes of claiming a breach of this Agreement, each of the
parties, for themselves, their successors and assigns release and forever
discharge each other and the successors and assigns of each other from all
liability, known or unknown, contingent or direct, liquidated or unliquidated,
for any claims, demands, actions, or suits of any kind which they have had, now
have, or may in the future have, against one another arising out of or pursuant
to the Sublicense.  Each party acknowledges the possibility that the
other party may have unknown claims against such party, and that by signing this
Agreement, each party expressly waives such claims, if any.  The
parties further acknowledge that the consideration for this Agreement takes into
account the possibility of such future claims.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    4.       
Representations and Warranties

    

    (a)           By GNXT.  GNXT
represents and warrants that it is the sublicensee under the Sublicense, and
that it has not granted any rights in the Sublicense to any third
party.

     

    (b)           Mutual.  Each party represents
and warrants to the other party that:  (i) it has full right,
corporate power and authority to execute and deliver this Agreement; (ii) the
execution, delivery, and performance of this Agreement have been duly authorized
by all neces­sary action by the party; and (iii) this Agreement will
constitute the legal, valid and binding obligation of the party, enforceable
against it in accordance with its terms, except as may be limited by applicable
bankruptcy, insolvency or similar laws and regulations affecting creditors'
rights general­ly or the availability of equitable
remedies.

     

    5.      
Miscellaneous

    

    (a)           Entire
Agreement.  The terms and conditions herein contained
constitute the entire agreement between the parties relating to the subject
matter of this Agreement and shall supersede all previous communications between
the parties with respect to the subject matter of this
Agreement.  Neither party has entered into this Agreement in reliance
upon any representation, warranty, covenant or undertaking of the other party
that is not set out or referred to in this Agreement.

    

    (b)           Confidentiality of
Agreement.  Each party shall maintain the confidentiality of
this Agreement and all provisions of this Agreement and, without the prior
consent of the other party, neither party shall make any press release or other
public announcement of or otherwise disclose this Agreement or any of its
provisions to any third party (i) other than to its directors, officers and
employees and attorneys, accountants, investment bankers and other professional
advisers whose duties reasonably require familiarity with this Agreement,
provided that such persons are bound to maintain the confidentiality of this
Agreement and (ii) except for such disclosures as may be required by applicable
law or by regulation, in which case the disclosing party shall provide the other
party with prompt advance notice of such disclosure so that the other party has
the opportunity if it so desires to seek a protective order or other appropriate
remedy.

    

    (c)           Binding
Effect.  This Agreement shall inure to the benefit of and be
binding upon each of the parties hereto and their respective successors and
permitted assigns.

    

    (d)           Applicable
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada, other than such laws, rules,
regulations and case law that would result in the application of the laws of a
jurisdiction other than the State of Nevada.  The parties hereby
submit to the jurisdiction of the state and federal courts located in Nevada and
agree that such courts shall be the exclusive forum for the resolution of any
disputes related to, arising out of, or arising under this Agreement, whether
based in tort, contract, or other legal theory and waive any objection thereto
based on inconvenient forum.

    

    (e)           Further
Assurances.  Each party agrees to take such actions and to
execute such further documents as may be reasonably requested by the other party
to effectuate the purposes of this Agreement

    

    (f)    Counterparts. This Agreement
may be executed in any number of counterparts and may be executed by
facsimile.  All counterparts shall collectively constitute one and the
same Agreement.

    

    

    IN
WITNESS WHEREOF, the parties have caused their duly authorized representatives
to execute this Agreement as of the Effective Date.

     

    
      
        	KL
      Energy Corporation	 	Greenext
      Energy Europe S.A.	 
	 	 	 	 	 	 
	By:	
                 

              	 	By: 	
                 

              	 
	 	 	 	 	 	 
	Name: 	
                 

              	 	Name: 	
                 

              	 
	 	 	 	 	 	 
	Title: 	 	 	Title:	 	 
	 	 	 	 	 	 
	Date:	 	 	Date:	 	 

      

    

    

    

    Pike
S.A.

    
      
        	 	 	 	 	 	 
	By: 	
                 

              	 	 	
                 

              	 
	 	
                 

              	 	 	
                 

              	 
	      
                Name

              	 	 	 	 	 
	 	 	 	 	 	 
	      
                Title 

              	
                 

              	 	 	
                 

              	 

      

    

                                                                      

    
      
        	 	 	 	 	 	 
	Roger
      Brochet: 	
                 

              	 	 	
                 

              	 

      

       

      
        	Date:

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