Filed by sedaredgar.com - Global Energy Inc - Exhibit 10.1






June 02, 2008

Terms of agreement between:

	Global Energy Inc (GE), 
	With offices in USA at 
	415 Madison Avenue, 15th Floor 
	New York, NY 10017 
	and Israel at 
	Aviv Tower, 38 fl' 
	7 Jabotinski St. 
	POBox 141 
	Ramat Gan 52520, Israel 
	  
	And 
	  
	S.C. Supercom S.A. 
	With offices in Romania at 
	Sediul Central 
	Central de Afaceri "Elisabeta" 
	St' Gherghitei, nr 23c, Sector 2 Bucharest 
	  
	And 
	  
	S.C. Target Group S.R.L. 
	With offices in Romania at 
	Calea Floreasca nr. 91-11, Tronson IV 
	Sector 1
      Bucharest. 




	1. 	Global Energy Inc
(GEYI) 	American company traded over NASDAQ BB at NY
      stock Exchange. Global has rights to build own and operate plants to
      convert waste containing hydrocarbons (CH2) into diesel by KDV technology
      developed by Dr. C. Koch. 
	2. 	SC Supercom SA
(SC) 	A company registered and operating in Romania
      in the field of Municipal Solid Waste (MSW) and other hydrocarbon
      contained wastes. SC is one of the companies collecting and land filling
      of waste of the city of Bucharest in an amount of aprox. 200,000 tons per
      year. 
	3. 	Target Group
(TG) 	A company registered and operating in Romania
      and assists to facilitate the business and the arrangement between GEYI
      and SC. 
	4. 	Term sheet 	This terms structure the understanding between
      the parties to participate in development of projects using KDV technology
      to convert waste to diesel. 









	5. 	Non Discloser Agreement (NDA) 	The NDA attached to this term sheet is signed
      by the parties to enable the disclosure of propriety information. 
	6. 	Tipping Fee and avoided cost 	Tipping fee is the some collected by SC for the
      treatment of the MSW and burying it in the land fill site, Avoided costs
      are the cost saved by SC when SC is not using land fill to dump the MSW.
    
	7. 	Joint operation and partnership between GEYI
      and SC to use KDV technology in Romania 	GEYI and SC (together the "parties") will form
      a joint company registered to operate in Romania to convert waste into
      Diesel. (The J.V.) The partnership will be 51% for GEYI and 49% for SC
  
	8. 	Project and Project finance 	1. SC will purchase and install the first KDV
      unit to process approximately 1 ton of MSW per hour and produce 500 liter
      of diesel per hour. GEYI will submit to SC a detailed draft contract for
      the purchase of the KDV 500 detailing the price, terms of payment, time
      table and manufactures guarantee.

      2. GEYI will guarantee the supply of the
      necessary catalizator for a period of not less then 10 years. 

      3. Once the
      parties demonstrate the economic feasibility of the unit, SC will transfer
      the unit to the J.V. and the parties will than develop a project with a
      capacity to produce up to 1000 tons of MSW per day. Provided S.C. can
      secure the M.S.W. with a contract with the municipality for not less than
      10 years. 

      4. The parties can agree on more units or larger capacity size
      if S.C. can secure the adequate quantity of MSW for such projects with
      contracts with the municipalities for not less than 10 years. 

      5. Projects
      will be financed by the way of "project finance" where S.C. will invest
      the required equity and will apply for loans, grants and other
      institutional loans on a non recourse basis as much as possible. It is
      also agreed that the equity of S.C. can be invested into the project
      company as share holders loans. 

      6. The finance cost will be beared by the
      J.V. 

      7. The final project finance will be detailed in the final agreement
      between the parties. 

      8. The J.V. will have its own bank accounts. 

      9. The
      parties agree to distribute a minimum of 25% from the free cashflow every
      year, in accordance with the law, as dividends. 

      10. The parties agree to
      take the J.V. company public or bring additional investors as the parties
      may see it deem possible. 
	9. 	Project management 	The parties will jointly appoint the chairman
      of the board and the C.E.O. The CFO will be appointed by GEYI.
  



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	10. 	Project operation 	The parties will subcontract a
      project operation (could be SC) to operate the plant. If SC will be the
      operator it will be on a competitive basis and will be entitled to 10%
      above cost as will be determined by the parties as fee for its management
      of the project. 
	11. 	Supply of MSW 	SC will be responsible to supply
      the required quantity of rich hydrocarbon content waste ready for the KDV
      at cost to be determined by the parties, the parties may elect to receive
      raw MSW and sort it by the project company. 
	12 	Tipping fee for the project company 	SC will pay to the J.V. the sum
      of avoided cost as will be agreed by the parties for each ton of MSW
      processed by the KDV technology. 
	13.	SC responsibility	SC will be responsible for: 

a.              Arrange for all permits to build and operate the facility. 

b.              Arrange all possible grants and non recourse loans for the project. 

c.              Any other required local assistance. 

d.              All permits of environmental to
      allow continues
      operations as required by local laws. This has to be
      in
      place prior to starting the work. 

e.                Electricity supply for
      continues operations if needed. 

f.                Land on which the KDV can be
      installed, the lease fees of the plot to be paid by the J.V. 

g.                If
      the J.V. sales the Produced diesel, then S.C. will
      undertake to make
      the arrangements for such sales,
      contracts to be signed by the C.E.O.
      and the C.F.O.
	14.	Target Group 	The parties agree that T.G. is entitled to a share in the J.V. each
      party will give T.G. a share from its share. 

      GEYI is giving T.G. 4% in
      the J.V

      S.C. is giving T.G. 6% in the J.V

      According to the above
      T.G. will be entitled to 10% of all money and dividends distributed to the
      partners (after shareholders loans are fully paid back). 

      If the
      partners decide to go public or bring in additional investors or any other
      form of exit, than T.G. will be issued 10% of the shares prior to such act
      and will be diluted there after as any of the partners. 
	15. 	Reports 	The parties understand that GEYI as public
      company has to file reports with SEC according the law and the regulation
      in USA. 


















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	Agreed and accepted by the parties. 	 
	 	 	 
	Global Energy Inc. 	SC Supercom SA 	SC Target Group SRL 
	By                                                                                  	By                                                                                  	By                                                                                  


	Asi Shalgi C.E.O. 	Ilie Ionel Ciuclea D.G. 	Chanan Schiffer 


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