International Power Group, Ltd. Sample Contracts

SECURITY AGREEMENT
Security Agreement • May 2nd, 2008 • International Power Group, Ltd. • Sanitary services • New York
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BETWEEN
International Power Group, Ltd. • July 19th, 2005 • Florida
FORM OF GUARANTY
Guaranty • May 2nd, 2008 • International Power Group, Ltd. • Sanitary services • New York
EMPLOYMENT AGREEMENT BETWEEN INTERNATIONAL POWER GROUP, LTD. AND JOHN BENVENGO
Employment Agreement • May 20th, 2008 • International Power Group, Ltd. • Sanitary services • Florida

THIS AGREEMENT, effective May 12, 2008, is by and between International Power Group, Ltd., a Delaware corporation with its principal place of business located at 950 Celebration Blvd., Suite A, Celebration, Florida 34747 (hereinafter the “Company”), and John Benvengo, a resident of San Antonio, Florida (hereinafter the “Executive”).

EXHIBIT 10.1 STOCK OPTION AGREEMENT This STOCK OPTION AGREEMENT (the "Agreement"), dated as of this 14th day of November, 2005, is between T SQUARED LLC, an Oregon Limited Liability Company, ("T SQUARED"), and INTERNATIONAL POWER GROUP, LTD., a...
Stock Option Agreement • November 15th, 2005 • International Power Group, Ltd. • Sanitary services

This STOCK OPTION AGREEMENT (the "Agreement"), dated as of this 14th day of November, 2005, is between T SQUARED LLC, an Oregon Limited Liability Company, ("T SQUARED"), and INTERNATIONAL POWER GROUP, LTD., a Delaware Corporation, ("IPWG").In consideration of One Thousand US Dollars ($1,000.00) receipt of which is hereby acknowledged, IPWG hereby grants T SQUARED an option to purchase 6,250,000 shares of IPWG's 144 restricted stock at $0.80 USD per share. This option must be executed within 10 business days of the date of this agreement by the wire transfer of $5,000,000 US by T SQUARED to the, account of IPWG or the option shall, expire.

JOINT VENTURE AGREEMENT Dated as of November 9, 2006 Among
Joint Venture Agreement • November 17th, 2006 • International Power Group, Ltd. • Sanitary services • Delaware

This Chapter II sets forth certain obligations of the Parties with respect to the Project. These obligations are subject to the express conditions set forth herein as applicable pursuant to the terms and conditions of this Agreement. - 3 -

Memorandum of Understanding
International Power Group, Ltd. • October 2nd, 2007 • Sanitary services

The Ministry of State for Environment Affairs in the Arab Republic of Egypt, represented by Dr. Muwahib Abu al-Azm, Executive Chairman of the Department of Environmental Affairs, referred to hereinafter as the Party of the First Part, and Saudi company Al-Sahra' Al-Zarqa', represented by Dr. Muhammad Saad al-Yamani, Chairman of the Board, jointly responsible with US company IPWG, represented by Mr. Louis Garcia, Deputy Chairman of the Board for Financial Affairs, referred to hereinafter as the Party of the Second Part.

DATED 18 May, 2005 BUILD, OPERATE AND TRANSFER ("BOT") PROJECT AGREEMENT for TWELVE WASTE TO ENERGY (WTE) COMBUSTOR MODULES AND ONE WTE PLANT IN The Republic of Mexico BETWEEN International Power Group Ltd. AND NAANOVO ENERGY USA, INC.
Project Agreement • February 15th, 2006 • International Power Group, Ltd. • Sanitary services • Florida

WHEREAS NAANNOVO has proprietary modular waste to energy technology with each module capable of combusting 180 tons per day of municipal solid waste (MSW) to below 10% of its original volume and 20% of its original weight while generating a minimum of 6 megawatts of electricity as a byproduct of the process.

RECITALS
Joint Venture Agreement and Warrant Agreement • November 7th, 2005 • International Power Group, Ltd. • Sanitary services
FORM OF LETTER OF INTENT
International Power Group, Ltd. • April 27th, 2006 • Sanitary services

This Letter of Intent made the [ 22 ] day of April, 2006 between International Power Group, 950 Celebration Blvd., Suite A, Celebration, Florida, 34747, USA (hereinafter called the “Client”) of the one part and Rambøll Danmark A/S, Bredevej 2, DK-2830 Virum, Denmark (hereinafter called the “Consultant”) of the other part.

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