YA GLOBAL INVESTMENTS, L.P. 101 Hudson Street, Suite 3700 Jersey City, NJ 07302 September 2, 2009

Exhibit 10.1

YA GLOBAL INVESTMENTS, L.P.
000 Xxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx Xxxx, XX 00000

September 2, 2009

Global Energy, Inc.
Xxxxxx Aviv
0 Xxxx Xxxxxx Xxxxxx
Xxxxx Xxx, 00000
Israel
Attention: Asi Xxxxxx

Dear Xx. Xxxxxx:

        Reference is made to that certain consent agreement dated August 7, 2009 (the “Consent”) between Global Energy, Inc. (the “Company”) and YA Global Investments, L.P. (the “Buyer”). This letter shall serve as written notice that the Buyer hereby agrees to extend the date of the Closing Deadline from September 3. 2009 to September 10, 2009. Except as specifically set forth herein, this notice shall not be deemed to waive, modify. or amend any other terms or conditions of the Consent.

YA GLOBAL INVESTMENTS, L.P.

By:    Yorkville Advisors, LLC
Its:    Investment Manager


By: /s/ Xxxxx Xxxxxxxx
——————————————
Name: Xxxxx Xxxxxxxx
Title:   Member