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**Exhibit      10.1**

**LOAN      AGREEMENT**

| LOAN                AMOUNT:                | Seven                Hundred Fifty Thousand U.S. Dollars ($750,000.00)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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| 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 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) 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) which has been arranged through Banca                IMI,                SpA, and underwritten by Intesasanpalo SpA, to Mercatech. Such guarantee                shall be enforceable as an interest against the credit facility above,                with all rights and obligations of RENW and SEP under the loan agreement                to be undertaken by Mercatech and enforceable against them as a secondary                guarantor, if such default shall occur under the loan agreement between                RENW                and                                                  . This guarantee is made for the purpose of securing the interest                that                Mercatech has in the success of RENW through the SEP project.  |

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| 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 from * *Borrower                under this Note, shall become immediately due and payable without                presentment, demand, protestor 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| RIGHT                OF FIRST REFUSAL ON FUTURE PROJECTS:  | Lender,                shall for a period of five years, from the date of execution of this                loan                agreement, have a right or first refusal to be a lender for future                renewable energy projects that RENW, or SEP, or any related entity                to them                shall enter into. Such projects shall include similar coal reclamation,                bio-fuels, low impact hydro, and other areas. RENW agrees that they                shall                supply Lender with a term sheet, and that Lender shall have ten days                from                transmission of the term sheet to agree or decline investment in                such                projects, with notice to RENW. This exclusivity shall include the                right to                information from RENW or SEP for such projects similar to those supplied                within the negotiations which occurred related to this agreement.                Such                exclusivity shall be limited to one million dollars in investment                or                lending for the lender in such projects, unless agreed to be increased                by                RENW or SEP.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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|  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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