EXHIBIT 10.1

SCHEDULE Z AMENDMENT

     THIS SCHEDULE Z AMENDMENT AGREEMENT, dated as of October 16, 2009 (the
"Schedule Z Amendment Agreement"), is entered into by and among the signatories
hereto.

RECITALS

     WHEREAS, the Parties hereto have entered into one or more documents (the
"Schedule Z Documents") to which a cumulative definitions annex has been
attached as Schedule Z thereto

("Schedule Z"); and

     WHEREAS, the Parties have previously amended Schedule Z pursuant to the
Schedule Z Amendment dated May 8, 2009,a second Schedule Z Amendment dated
September 15, 2009, and a third Schedule Z Amendment dated October 1, 2009; and

     WHEREAS, the Parties hereto desire to again amend Schedule Z attached to
each Schedule Z Document.

     NOW THEREFORE in consideration of the foregoing and the mutual agreements
herein, together with other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Parties, intending to be bound
hereby, agree that:

A. The definition in Schedule Z for "Guaranteed Final Completion Date" shall be
deleted in its entirety and replaced in its entirety with the amended definition
below, effective for all purposes under any Schedule Z Document from and after
the date hereof, including as to the interpretation or application of these
definitions with respect to historical matters arising under or otherwise
relating to any terms and conditions of any Schedule Z Document:

"Guaranteed Final Completion Date" means the earlier of (i) one hundred and
eighty (180) calendar days after the Facility Substantial Completion Date and
(ii) November 2, 2009. [ASA, CA, EPC, O&M, Schedule Z]

B. General Provisions:

1.      This Schedule Z Amendment Agreement is deemed effective as of and from
the date first above written.   2.      All capitalized terms used herein which
are not defined herein shall have the meaning set forth in Schedule Z unless the
contrary intent appears.   3.      Except as specifically amended hereby, each
Schedule Z Document shall continue in full force and effect in accordance with
the provisions of such Schedule Z Document, and nothing contained herein shall
be construed as a waiver or modification of any existing rights and claims under
such documents except as such Schedule Z Documents are expressly modified
hereby.  

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4.      From and after the effectiveness of this Schedule Z Amendment Agreement,
all references in each Schedule Z Document and in Schedule Z to Schedule Z shall
be deemed to be references to Schedule Z as currently amended.   5.      This
Schedule Z Amendment Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.   6.      The Parties shall cooperate in good faith
to amend such Schedule Z Documents necessary to apply for the grant of monies
available from the U.S. Treasury under Section 1603 of the American Reinvestment
and Recovery Act.   7.      This Schedule Z Amendment Agreement shall in all
respects be governed by and construed in accordance with the laws the State of
New York, without giving effect to any choice of law rules thereof which may
permit or require the application of the laws of another jurisdiction. The
Parties hereby irrevocably submit to the jurisdiction of the courts of the State
of New York in the county of New York or of the United States of America in the
Southern District of New York and hereby waive, to the fullest extent permitted
by law, any objection that it may now or hereafter have to the laying of venue
in an such action or proceeding in any such court.   8.      The Parties agree
that the effectiveness of this Schedule Z Amendment requires the signature and
delivery of all Parties set forth on the signature pages hereto and shall be
ineffective as to any individual party absent such signatures.  

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO CREDIT AGREEMENT

THERMO NO. 1 BE-01, LLC, a Delaware limited liability company, as Company

By:    Intermountain Renewable Power, LLC  Its:    Managing Member        By:
/s/ Richard D. Clayton      Name: Richard D. Clayton      Title: Manager 

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent

By: /s/ Yana Kislenko
__________________
Name: Yana Kislenko
Title: Assistant Vice President

By: /s/ Christopher Palermo
_____________
Name: Christopher Palermo
Title: Assistant Vice President

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent

By: /s/ Yana Kislenko
__________________
Name: Yana Kislenko
Title: Assistant Vice President

By: /s/ Christopher Palermo
_____________
Name: Christopher Palermo
Title: Assistant Vice President

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PARTIES TO CREDIT AGREEMENT

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey company, as Lender

By:_/s/ Richard Carrell
_______________________________
Name: Richard Carrell Title: Vice President

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO ACCOUNT AND SECURITY AGREEMENT

THERMO NO. 1 BE-01, LLC, a Delaware limited liability company

By:    Intermountain Renewable Power, LLC  Its:    Managing Member        By:
/s/ Richard D. Clayton      Name: Richard D. Clayton      Title: Manager 

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent

By: /s/ Yana Kislenko
__________________
Name: Yana Kislenko
Title: Assistant Vice President

By: /s/ Christopher Palermo
_____________
Name: Christopher Palermo
Title: Assistant Vice President

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Account Bank

By: /s/ Yana Kislenko
__________________
Name: Yana Kislenko
Title: Assistant Vice President

By: /s/ Christopher Palermo
_____________
Name: Christopher Palermo
Title: Assistant Vice President

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PARTIES TO ACCOUNT AND SECURITY AGREEMENT

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Securities Intermediary

By: /s/ Yana Kislenko
__________________
Name: Yana Kislenko
Title: Assistant Vice President

By: /s/ Christopher Palermo
_____________
Name: Christopher Palermo
Title: Assistant Vice President

ACKNOWLEDGED:

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey company, as
Administrative Lender

By: /s/ Richard Carrell
Name: Richard Carrell
Title: Vice President

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO LLC OPERATING AGREEMENT

INTERMOUNTAIN RENEWABLE POWER, LLC, a Delaware limited liability company

  By: /s/ Richard D. Clayton
________
Name: Richard D. Clayton
Title: Manager

MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED, a Delaware corporation, as
Class A Investor

By: /s/ Faiz Ahmad
____________________
Name: Faiz Ahmad
Title: Director

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO EQUITY CAPITAL CONTRIBUTION AGREEMENT

INTERMOUNTAIN RENEWABLE POWER, LLC, a Delaware limited liability company

By: Richard D. Clayton
_________________
Name: Richard D. Clayton
Title: Manager

THERMO NO. 1 BE-01, LLC, a Delaware limited liability company, as Company

By:    Intermountain Renewable Power, LLC, a Delaware limited liability company 
Its:    Managing Member        By: /s/ Richard D. Clayton 

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    Name: Richard D. Clayton      Title: Manager 

MERRILL LYNCH, PIERCE, FENNER AND SMITH INCORPORATED, as Class A Investor

By: /s/ Faiz Ahmad
____________________
Name: Faiz Ahmad
Title: Director

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO ENGINEERING, PROCUREMENT AND CONSTRUCTION AGREEMENT

THERMO NO. 1 BE-01, LLC, a Delaware limited liability company, as Owner

By:    Intermountain Renewable Power, LLC  Its:    Managing Member        By:
/s/Richard D. Clayton      Name: Richard D. Clayton      Title: Manager 

RASER TECHNOLOGIES, INC., a Delaware corporation, as Contractor

By: /s/ Martin F. Petersen
_______________
Name: Martin F. Petersen
Title: CFO

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     IN WITNESS WHEREOF, the Parties, intending to be legally bound, have caused
this Schedule Z Amendment Agreement to be executed by their duly authorized
officers and to be effective as of the day and year first above written.

PARTIES TO OPERATION AND MAINTENANCE AGREEMENT

THERMO NO. 1 BE-01, LLC, a Delaware limited liability company, as Owner

By:    Intermountain Renewable Power, LLC  Its:    Managing Member        By:
/s/ Richard D. Clayton      Name: Richard D. Clayton      Title: Manager 

RASER POWER SYSTEMS, LLC, a Delaware limited liability company, as Operator

By:    Raser Technologies, Inc.  Its:    Sole Member        By:/s/ Martin F.
Petersen
__________      Name: Martin F. Petersen      Title: CFO 

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