NewStream Energy Technologies Group Inc (NSGP)

[petermic]

May 1, 2006

Joe Jacobs
Consolidated Energy, Inc.
76 George Rd
Betsy Lane, KY

Dear Mr. Jacobs,

At the request of Consolidated Energy, Inc. Board of Directors, Saudi American Minerals, Inc. has agreed to expedite their option in an agreement dated December 30, 2005.

Under an agreement signed between Consolidated Energy, Inc. and/or CEI Holdings, Inc. and Saudi American Minerals, Inc. signed on December 30, 2005, where SAMI has at its sole discretion the right to cancel the agreement with CEI.

Please be notified by this letter that SAMI has exercised their rights to terminate and declare this Agreement null and void. Any Agreement that SAMI has with Consolidated Energy, Inc. and/or CEI Holdings, Inc. is hereby cancelled, null and void as of May 1, 2006 per Corporate minutes attached.

Sincerely,

/s/C.J. Douglas
C.J. Douglas

Agreed and accepted

/s/Joseph Jacobs
Joseph Jacobs, Secretary, Consolidated Energy, Inc.