FORBEARANCE AGREEMENTForbearance Agreement • May 7th, 2008 • Renewal Fuels, Inc. • Blank checks • 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.
