Document:

Agreement
      to Amendment the Conversion Terms of the

     

    $500,000
      15% Convertible Promissory Note Due May 24, 2007

     

    Agreement
      by and between Smart Energy Solutions, Inc., a Nevada corporation (“Maker”), and
      Ever Green Fields Enterprises, Ltd. (“Lender”).

     

    WHEREAS,
      on or about May 22, 2006 Maker executed and delivered to Lender a 15%
      Convertible Promissory Note, in the principal amount of $500,000, with an
      initial maturity date of May 24, 2007 which has since been extended to May
      24,
      2008 (the “Note”); and

     

    WHEREAS,
      Maker and Lender wish to amend certain provisions of the Note, relating to
      the
      rate at which all or part of the outstanding principal and accrued and unpaid
      interest pursuant to the Note may be converted into shares of Maker’s common
      stock, $0.001 par value (the “Common Stock”), and the time of such
      conversion.

     

    NOW,
      THEREFORE, subject to the terms and conditions of this Agreement and for good
      and valuable consideration, the adequacy and receipt of which are hereby
      acknowledged, the parties hereto agree as follows:

     

    1.    The
      Conversion Price, as used in the Note, shall mean 60% of the average closing
      price of the Common Stock as quoted on the over-the-counter market under the
      symbol “SMGY” for 15 consecutive trading days prior to the closing (the
“Closing”) of the offering (the “Offering”) contemplated by the Placement Agent
      Agreement, dated April 3, 2008, between Maker and EKN Financial Services, Inc.,
      and warrants (“Warrants”) to purchase an additional amount of Common Stock equal
      to 25% of the aggregate number
      of
      shares of Common Stock issuable upon conversion of the Note, which warrants
      shall be exercisable, for a period of five (5) years from the closing, at an
      exercise price per share equal to 100% of the purchase price of the Common
      Stock
      sold in the Offering.

     

    2.    The
      entire outstanding principal and all accrued and unpaid interest pursuant to
      the
      Note shall be converted into shares of Maker’s Common Stock and
      Warrants on
      the
      date of the Closing.

     

    IN
      WITNESS WHEREOF, and intending to be legally bound hereby, the parties hereto
      have executed this Agreement, which may be executed in counterparts, as of
      the
      28th day of April, 2008.

     

    
      	
              SMART
                ENERGY SOLUTIONS, INC.

            	EVER
              GREEN FIELDS ENTERPRISES,
              LTD.
	 	 
	
              /s/
                Edward Braniff

            	/s/ Lawrence R.
              Greenfield
	
              Edward
                Braniff

              Chief
                Financial Officer

            	
              Name:
                Lawrence R. Greenfield

              Title:
                SignatoryTHIS
      NOTE
      HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE SOLD,
      TRANSFERRED OR ASSIGNED UNLESS SO REGISTERED OR AN EXEMPTION FROM REGISTRATION
      UNDER SAID ACT IS AVAILABLE.

     

    No.
      1

     

    SMART
      ENERGY SOLUTIONS, INC.

     

    Amended
      and Restated

     

    12%
      Convertible Promissory Note Due September 30, 2009

    

      
        	
                U.S.$500,000

              	
                April
                  24, 2008

              

      

    

     

    Smart
      Energy Solutions, Inc., a Nevada corporation (the “Company” or the “Maker”), for
      value received, hereby promises to pay to EGFE, (Ever Green Fields Enterprises
      Ltd.) , or registered assigns, the principal sum of U.S. Five Hundred Thousand
      ($500,000.00) plus all accrued but unpaid interest on September 30,2009 (the
      “Maturity Date”). Interest shall be computed on the basis of a 365-day year from
      the date hereof on the unpaid balance of such principal amount from time to
      time
      outstanding at the rate of twelve percent (12%) per annum. Accrued interest
      on
      the outstanding principal balance shall be due and payable on each of September
      30, 2008 (the “Interest Payment Date”), and on the Maturity Date.

     

    The
      Company executed a promissory note (the “Original Note”) dated September 14,
      2006, in the principal amount of $500,000.  The parties wish to amend and
      restate the Original Note by execution and delivery of this Note.  This
      Note supersedes and replaces the Original Note, which will be returned to the
      Company for cancellation upon execution and delivery of this Note

     

    This
      Note
      shall become immediately due and payable without notice or demand upon the
      occurrence at any time of any of the following events of default (individually,
      “an Event of Default” and collectively, “Events of Default”):

     

    
      	 	
              1.

            	
              default
                in the payment or performance of this or any other liability or obligation
                of the Maker to the holder, including the payment when due of any
                principal, premium or interest under this
                Note;

            

    

     

    
      	 	
              2.

            	
              the
                liquidation, termination of existence, dissolution, insolvency or
                business
                failure of the Maker, or the appointment of a receiver or custodian
                for
                the Maker or any part of its property if such appointment is not
                terminated or dismissed within sixty (60) days;
                or

            

    

     

    
      	 	
              3.

            	
              the
                institution by or against the Maker or any indorser or guarantor
                of this
                Note of any proceedings under the United States Bankruptcy Code or
                any
                other federal or state bankruptcy, reorganization, receivership,
                insolvency or other similar law affecting the rights of creditors
                generally or the making by the Maker or any indorser or guarantor
                of this
                Note of a composition or an assignment or trust mortgage for the
                benefit
                of creditors; or

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Upon
      the
      occurrence of an Event of Default, the holder shall have then, or at any time
      thereafter, all of the rights and remedies afforded by the Uniform Commercial
      Code as from time to time in effect in the State of New Jersey or afforded
      by
      other applicable law.

     

    Every
      amount overdue under this Note shall bear interest from and after the date
      on
      which such amount first became overdue at an annual rate which is five (5)
      percentage points above the rate per year specified in the first paragraph
      of
      this Note. Such interest on overdue amounts under this Note shall be payable
      on
      demand and shall accrue and be compounded monthly until the obligation of the
      Maker with respect to the payment of such interest has been discharged (whether
      before or after judgment).

     

    In
      no
      event shall any interest charged, collected or reserved under this Note exceed
      the maximum rate then permitted by applicable law and if any such payment is
      paid by the Maker, then such excess sum shall be credited by the holder as
      a
      payment of principal.

     

    All
      payments by the Maker under this Note shall be made without set-off or
      counterclaim and be free and clear and without any deduction or withholding
      for
      any taxes or fees of any nature whatever, unless the obligation to make such
      deduction or withholding is imposed by law. The Maker shall pay and save the
      holder harmless from all liabilities with respect to or resulting from any
      delay
      or omission to make any such deduction or withholding required by
      law.

     

    Whenever
      any amount is paid under this Note, all or part of the amount paid may be
      applied to principal, premium or interest in such order and manner as shall
      be
      determined by the holder in its discretion.

     

    No
      reference in this Note to any guaranty or other document shall impair the
      obligation of the Maker, which is absolute and unconditional, to pay all amounts
      under this Note strictly in accordance with the terms of this Note.

     

    The
      Maker
      agrees to pay on demand all costs of collection, including reasonable attorneys’
fees, incurred by the holder in enforcing the obligations of the Maker under
      this Note.

     

    No
      delay
      or omission on the part of the holder in exercising any right under this Note
      shall operate as a waiver of such right or of any other right of such holder,
      nor shall any delay, omission or waiver on any one occasion be deemed a bar
      to
      or waiver of the same or any other right on any future occasion. The Maker
      and
      every indorser or guarantor of this Note regardless of the time, order or place
      of signing waives presentment, demand, protest and notices of every kind and
      assents to any extension or postponement of the time of payment or any other
      indulgence, to any substitution, exchange or release of collateral, and to
      the
      addition or release of any other party or person primarily or secondarily
      liable.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    1.    Conversion.
      The
      holder of this Note has the right, at its option, at any time and from time
      to
      time prior to the close of business on the Maturity Date to convert all or
      part
      of the outstanding principal and interest amount of this Note into fully-paid
      and non-assessable shares of Common Stock, $0.00000 par value per share, of
      the
      Company (“Common Stock”). The number of shares of Common Stock that shall be
      issued upon conversion of this Note shall be calculated by dividing the amount
      of outstanding principal and interest that the holder elects to convert by
      the
      average of the Conversion Price. The Conversion Price shall mean 95% of the
      average of the last bid and ask price of the Common Stock as quoted on the
      Over-the-Counter Bulletin Board or such other exchange where the Common Stock
      is
      quoted or listed for the five trading days ending the day prior to the Maker’s
      receipt of the holder’s written notice of election to convert. In order to
      exercise this optional conversion privilege, the holder of this Note shall
      surrender this Note to the Company during usual business hours at the Company’s
      principal executive office, accompanied by written notice in form satisfactory
      to the Company that the holder elects to convert the principal amount of this
      Note or a portion hereof specified in such notice. Such notice shall also state
      the name or names (with address and Social Security number or federal tax
      identification number) in which the certificate or certificates for shares
      of
      Common Stock which shall be issuable on such conversion shall be issued.
      Notwithstanding the foregoing or anything to the contrary, upon the occurrence
      of an Event of Default (unless waived by the holder), the Conversion Price
      shall
      mean 50% of the average of the last bid and ask price of the Common Stock as
      quoted on the Over-the-Counter Bulletin Board or such other exchange where
      the
      Common Stock is quoted or listed for the five trading days ending the day prior
      to the Maker’s receipt of the holder’s written notice of election to convert.

     

    2.    Surrender
      of Note and Delivery of Certificates.
      When
      surrendered for optional or mandatory conversion this Note shall, unless the
      shares issuable on conversion are to be issued in the same name as the name
      in
      which this Note is then registered, be duly endorsed by, or accompanied by
      instruments of transfer in form satisfactory to the Company duly executed by,
      the holder or his or its duly authorized attorney. As promptly as practicable
      after the surrender of this Note for conversion and the receipt of the notice
      specified above (in the case of optional conversion), the Company shall deliver
      or cause to be delivered at its principal executive office to the holder, or
      on
      the holder’s written order, a certificate or certificates for the number of full
      shares issuable upon the conversion of this Note, or portion hereof, in
      accordance with the provisions hereof. Such conversion shall be deemed to have
      been made at the time this Note shall have been surrendered for conversion
      and
      the notice specified above (in the case of optional conversion) shall have
      been
      received by the Company at its principal executive office (the “Conversion
      Date”), and the holder in whose name any certificate or certificates for shares
      of Common Stock shall be issuable upon such conversion shall be deemed to have
      become on the Conversion Date the holder of record of the shares represented
      thereby. If less than the entire outstanding principal amount of this Note
      is
      being converted (in the case of optional conversion), a new Note shall promptly
      be delivered to the holder for the unconverted principal balance and shall
      be of
      like tenor as to all terms as the Note surrendered.

     

    3.    Adjustment
      of Conversion Price.

     

    (i)    In
      case
      the Company shall:

     

    (A)    declare
      a
      dividend of Common Stock on its Common Stock,

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    (B)    subdivide
      outstanding Common Stock into a larger number of shares of Common Stock by
      reclassification, stock split or otherwise, or

     

    (C)    combine
      outstanding Common Stock into a smaller number of shares of Common Stock by
      reclassification or otherwise, 

     

    then
      the
      number of shares of Common Stock issuable upon conversion of this Note
      immediately prior to any such event shall be adjusted proportionately so that
      thereafter the holder of this Note shall be entitled to receive upon conversion
      of this Note the number of shares of Common Stock which such holder would have
      owned after the happening of any of the events described above had this Note
      been converted immediately prior to the happening of such event, provided that
      the Conversion Price shall in no event be reduced to less than the par value
      of
      the shares issuable upon conversion. Such adjustment shall become effective
      immediately after the record date in the case of a dividend and shall become
      effective immediately after the effective date in the case of a subdivision
      or
      combination.

     

    (ii)    If,
      prior
      to the Maturity Date, the Company shall at any time consolidate or merge with
      another corporation (other than a merger or consolidation in which the Company
      is the surviving corporation), the registered holder hereof will thereafter
      be
      entitled to receive, upon the conversion hereof, the securities or property
      to
      which a holder of the number of shares of Common Stock then deliverable upon
      the
      conversion hereof would have been entitled upon such consolidation or merger,
      and the Company shall take such steps in connection with such consolidation
      or
      merger as may be necessary to ensure that the provisions hereof shall thereafter
      be applicable, as nearly as reasonably may be, in relation to any securities
      or
      property thereafter deliverable upon the conversion of this Note.

     

    4.    Statement
      of Adjustment.
      Whenever the Conversion Price shall be adjusted as provided in herein, the
      Company shall provide the holder with a statement, signed by the Chairman of
      the
      Board, the President, any Vice President, the Treasurer or Secretary of the
      Company, showing in reasonable detail the facts requiring such adjustment and
      the Conversion Price that will be effective after such adjustment. The Company
      shall also cause a notice setting forth any such adjustment to be sent by mail,
      first class, postage prepaid, to the record holder of the Note at his or its
      last known address appearing on the records of the Maker. 

     

    5.    Fractional
      Shares.
      No
      fractional shares of Common Stock shall be issuable upon conversion of this
      Note, but a payment in cash will be made in respect of any fraction of a share
      which would otherwise be issuable upon the surrender of this Note, or portion
      hereof, for conversion. Such payment shall be based on the Conversion
      Price.

     

    6.    Accrued
      Interest.
      Upon
      the conversion of this Note, the Company shall not be required to pay any
      accrued but unpaid interest on the amount so converted up to the Conversion
      Date.

     

    7.    Securities
      Act of 1933.
      Upon
      conversion of this Note, the registered holder may be required to execute and
      deliver to the Company an instrument, in form satisfactory to the Company,
      representing that the shares issuable upon conversion hereof are being acquired
      for investment and not with a view to distribution within the meaning of the
      Securities Act of 1933, as amended.

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    8.    Prepayment.
      The
      principal indebtedness and any accrued interest thereon represented by this
      Note
      may be prepaid in whole or in part to the holder of this Note.

     

    9.    Successors
      and Assigns.
      This
      Note, and the obligations and rights of the Company hereunder, shall be binding
      upon and inure to the benefit of the Company, the holder of this Note, and
      their
      respective heirs, successors and assigns.

     

    10.    Recourse.
      Recourse under this Note shall be to the general unsecured assets of the Company
      only and in no event to the officers, directors or stockholders of the
      Company.

     

    11.    Changes.
      Changes
      in or additions to this Note may be made or compliance with any term, covenant,
      agreement, condition or provision set forth herein may be omitted or waived
      (either generally or in a particular instance and either retroactively or
      prospectively), upon written consent of the Company and the holder.

     

    12.    Currency.
      All
      payments shall be made in such coin or currency of the United States of America
      as at the time of payment shall be legal tender therein for the payment of
      public and private debts.

     

    13.    Notices.
      All
      notices, requests, consents and demands shall be made in writing and shall
      be
      mailed postage prepaid, or delivered by hand, to the Company or to the holder
      hereof at their respective addresses set forth below or to such other address
      as
      may be furnished in writing to the other party hereto:

     

    If
      to the
      holder:

     

    EGFE,
      Ever Green Fields Enterprises Ltd.

     

    If
      to the
      Company:

    

    Smart
      Energy Solutions Inc.

    

    with
      a
      copy to:

    

    14.    Saturdays,
      Sundays, Holidays.
      If any
      date that may at any time be specified in this Note as a date for the making
      of
      any payment of principal or interest under this Note shall fall on Saturday,
      Sunday or on a day which in the New Jersey shall be a legal holiday, then the
      date for the making of that payment shall be the next subsequent day which
      is
      not a Saturday, Sunday or legal holiday.

     

    15.    Governing
      Law.
      This
      Note shall be construed and enforced in accordance with, and the rights of
      the
      parties shall be governed by, the laws of the State of New Jersey.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, this Note has been executed and delivered as a sealed
      instrument on the date first above written by the duly authorized representative
      of the Company.

     

    
      	 	
              SMART
                ENERGY SOLUTIONS, INC.

               

               

              By:
                /s/
                Pete
                Mateja                               
                

              Name:
                Pete Mateja

              Title:
                Chief
                Executive Officer

              

               

              EGFE
                LTD.

              

              

              By:
                /s/
                Lawrence R.
                Greenfield             
                

              Name:
                Lawrence R. Greefield

              Title:
                Signatory

            

    

     

    
      
         

      

      
        -6-

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