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**Exhibit      10.1**

**LOAN          AGREEMENT**

**________**
**Renewable Energy Resources, Inc.**
**Mercatech Private Equity Management,          Ltd., and Mercatech, Inc.**

| **LOAN                    AMOUNT:** | Seven                    Hundred Fifty Thousand U.S. Dollars                    ($750,000.00) |
|-------------------------------------|-----------------------------------------------------------------------------------------------|

| **TERM:** | Five                    Years |
|-----------|-------------------------------|

| **PAYMENT                    OF INTEREST:** | Interest                    on the unpaid principal amount of this Note shall accrue monthly,                    at a                    rate equal to eighteen percent (18%) per annum.  Accrued                    interest shall be paid to the Lender quarterly based on a calendar                    year                    and shall be cumulative. |
|---------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **REPAYMENT:** | Repayment                    on the principal may begin after two (2) years at which time                    the Lender                    may elect to call for the repayment of up to twenty five percent                    (25%) of                    the original principal.  On subsequent anniversaries, the Lender                    may, upon 180 days notice, elect to call for the repayment of                    the                    outstanding principal by not more than twenty five percent (25%)                    of the                    original principal amount.  The unpaid principal balance under                    this Note with all accrued and unpaid interest on the unpaid                    principal                    balance shall be paid in full on the fifth anniversary of the                    date of this                    Note. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **PREPAYMENT:** | Borrower                    shall have the right to prepay at any time and from time to time,                    without                    penalty or premium, all or any portion of the outstanding principal                    of                    this Note.  All prepayments of outstanding principal of this                    Note shall be applied first to accrued interest, and second to                    unpaid                    principal. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **SHARES                    IN BORROWER:** | Borrower                    shall grant to Lender shares of its common stock, subject to                    SEC Rule 144,                    equal to Five percent (5%) of the value of the loan on the Loan                    Date at                    the closing price. |
|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **REGISTRATION                    RIGHTS:** | None,                    other than those granted to other shareholders in                    general. |
|---------------------------------------------|--------------------------------------------------------------------------------------------------------|

| **USE                    OF FUNDS AND GUARANTEE:** | The                    Lender’s funds will be used solely to fund the Springfield Energy Project,                    LLC (“SEP”).  SEP will guarantee this                    Note. |
|----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **EVENTS                    OF DEFAULT:** | An                    “Event of Default” shall occur if at any time: (a) the Borrower becomes                    insolvent, commits any act of bankruptcy, makes a general assignment                    for                    the benefit of creditors, liquidates or takes any step looking                    toward                    liquidation, makes or gives any notice of a bulk sale, or admits                    in                    writing the inability to pay debts as they mature; or (b) any                    petition,                    bankruptcy or insolvency or for any form of reorganization, composition,                    extension, appointment of a receiver or other similar relief                    of debtors                    under state or federal law is filed by or against Borrower; or                    (c) any                    preceding, procedure or remedy supplementary to or in enforcement                    of a                    judgment is resorted to or is commenced against Borrower or with                    respect                    to any property of Borrower; or (d) any committee of creditors                    of Borrower                    is appointed or any meeting of Borrower’s creditors is called; or (e) any                    receiver, court or governmental authority takes possession or                    control of                    any substantial part of the property of Borrower or Borrower’s affairs; or                    (f) any of the events described in (a) through (e) above occurs                    with                    respect to any endorser, guarantor, surety or other person liable                    upon or                    for this Note; or (g) any warranty or order of attachment of                    any property                    of Borrower is served on Lender; or (h) the Lender deems itself                    insecure. |
|-------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **REMEDIES**: | In                    the event an Event of Default shall occur and be continuing for                    60 days                    after delivery of a written notice of default, then in the sole                    discretion                    of the Lender and without further notice to the Borrower, the                    unpaid                    principal amount and the accrued interest hereunder, at the applicable                    rate specified above, and all other sums due by Borrower under                    this Note,                    shall become immediately due and payable without presentment,                    demand,                    protest or other requirements of any                    kind. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **COLLECTION                    FEES:** | If                    this Loan is placed with an attorney for collection, then the                    prevailing                    party shall be entitled to fees and costs pursuant to Florida                    law. |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **VENUE/JURISDICTION:** | This                    Note and all questions relating to its validity, interpretation                    or                    performance and enforcement shall be governed by and construed                    in                    accordance with the laws of the State of Florida.  Venue for all                    actions seeking enforcement of this Note’s terms shall be the State Court                    for Hillsborough County                    Florida. |
|-------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **LENDING                    GUARANTOR:** | Mercatech                    Private Equity Management, Ltd., and Mercatech, Inc., hereby                    guarantee the                    loan to be made by _______ to Renewable Energy Resources, Inc., which                    is being invested into the Springfield Energy Project, LLC (SEP)                    as                    described in this loan agreement. Mercatech hereby agrees that                    the funds,                    in the amount of seven hundred and fifty thousand dollars ($750,000.00)                    under the loan shall be secured by the Secured Medium Term Revolving                    facility, in the amount of one hundred fifty million euros ('                    150,000,000).                    This guarantee is made for the purpose of securing the interest                    that                    Mercatech has in the success of RENW through the SEP                    project. |
|-------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IN          WITNESS WHEREOF**

**BORROWER:**

|  **RENEWABLE                  ENERGY RESOURCES, INC.**  |   |   |  **MERCATECH                    PRIVATE EQUITY****MANAGEMENT                    and MERCATECH, INC.** |   |
|--------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------|--------|
|                                                         |   |   |                                                                                                       |   |
| /s/                    Kenneth P. Brown                      |   |   | /s/                    Cary Masi                                                                           |   |
| Kenneth                    P. Brown, Chief Executive Officer |   |   | Cary                    Masi, President and Officer                                                        |   |

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