0001361106-08-000107 Sample Contracts

FORBEARANCE AGREEMENT

Forbearance Agreement • May 7th, 2008 • Renewal Fuels, Inc. • Blank checks • New Jersey

• Contract Type
  Forbearance Agreement
• Filed
  May 7th, 2008
• Company
  Renewal Fuels, Inc.
• Industry
  Blank checks
• Jurisdiction
  New Jersey

FORBEARANCE AGREEMENT, dated of as April 28, 2008, by and between RENEWAL FUELS, INC. (formerly, Tech Laboratories, Inc.) (the “Company”), MONTGOMERY EQUITY PARTNERS, LTD. (“Montgomery”) and YA GLOBAL INVESTMENTS, L.P. (formerly, CORNELL CAPITAL PARTNERS, LP) (“YA Global” and together with Montgomery, the “Holders”). All capitalized terms used herein shall have the respective meanings assigned thereto in the Transaction Documents (as defined below) unless otherwise defined herein.