Document:

ex10_1.htm

    Exhibit
10.1

    SENIOR
PROMISSORY NOTE

     

    
      	$____________	
              October 1,
      2008

            

    

     

    Home
System Group, a Nevada corporation ("Maker"), hereby promises to pay to
__________________________ ("Holder"), at ___________ or at such other address
as may be specified by Holder, the principal sum of__________________, without
interest, in lawful money of the United States of America.

     

    This Note
is being issued by Maker as payment under that certain Stock Purchase Agreement
dated September 23, 2008 (the “Agreement”), among Maker, Asia Forever Investment
Limited, a Hong Kong corporation,  Liming Jiao and Xiaohong Chen. This
Note is being issued by Maker on the closing date of the Agreement (the “Closing
Date”).

     

    The
principal indebtedness evidenced by this Note shall not bear
interest.  Principal shall be payable as follows:  25%
payable on or before December 31, 2008, the remaining principal amount to be
repaid in three semi-annual installments with the final installment and balance
under this Note due on or before the second anniversary of the Closing Date (the
“Maturity Date”).

     

    This Note
may be prepaid in full, or in part, at any time.

     

    Upon
failure of Maker to pay any installment in full when due, Holder may, by
notice to Maker, accelerate the obligation of Maker to pay the entire
balance of this Note, and upon such acceleration there shall be due to
Holder the entire balance of this Note.

     

    This Note
is not transferable.  Payment of or on account of principal on this
Note shall be made only to or upon the order in writing of the registered
Holder.

     

    The
provisions of this Note and of all agreements now or hereafter existing
between Maker and Holder are hereby expressly limited so that in no event
whatever shall the amount paid or agreed to be paid to Holder for the use,
forbearance or detention of the sums evidenced by this Note exceed the
maximum amount permissible under applicable law.  If from
any circumstance whatever the performance or fulfillment of any provision
of this Note, or of any other agreement between Maker and Holder,
should involve or purport to require any payment in excess of the
limit prescribed by law, then the obligation to be performed or fulfilled
is hereby reduced to the limit of such validity, and if from any
circumstance whatever Holder should ever receive as interest an amount
which would exceed the highest lawful rate, then the amount which would be
excessive interest shall be applied to the reduction of principal (or, at
Maker's option, be paid over to Maker) and shall not be counted as
interest.

     

    Maker
hereby waives presentment, protest, demand or notice of any kind in
connection with any failure to pay when due the indebtedness evidenced by
this Note.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Regardless
of the place of its execution, this Note shall be construed in accordance
with the laws of the State of Nevada.

    

    

    
      	
              HOME
      SYSTEM GROUP

            
	 
      
	
              By:       

            	 
      
	
              Name:  
      Fuying Wang

            
	
              Title:    
      Chief Executive OfficerEX-10.1

EIGHTH AMENDMENT TO CREDIT AGREEMENT

This EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) is entered into as of
September 30, 2008 in connection with that certain Credit Agreement, dated as of September 1, 2006,
among SNOWFLAKE WHITE MOUNTAIN POWER, LLC (“SWMP”), RENEGY, LLC (“Renegy”), RENEGY
TRUCKING, LLC (together with Renegy and SWMP, the “Borrowers”), the financial institutions
from time to time party thereto (collectively, the “Lenders”) and COBANK, ACB, as
administrative agent for the Lenders, as letter of credit issuer, collateral agent and as a Lender,
as amended (as further amended from time to time, the “Credit Agreement”). Capitalized
terms used herein but not defined shall have the meaning given to them in the Credit Agreement and
section references refer to sections of the Credit Agreement unless otherwise stated.

WHEREAS, the Borrowers have requested that the Required Lenders agree to amend the Credit
Agreement in certain respects as set forth herein.

NOW THEREFORE, in consideration of the premises, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows:

1. Amendment. The Credit Agreement is hereby amended as follows:

(a) The definition of “Date Certain” in the Credit Agreement is amended to read in full
as follows:

“Date Certain” means December 31, 2008.

(b) In connection with the extension of the Date Certain and its effect on the
Construction Loan Maturity Date, Exhibit I-1 to the Credit Agreement is hereby amended,
restated and replaced in its entirety with Exhibit I-1 to this Agreement.

(c) In connection with the extension of the Date Certain and its effect on the
Construction Loan Maturity Date, Exhibit I-2 to the Credit Agreement is hereby amended,
restated and replaced in its entirety with Exhibit I-2 to this Agreement.

2. Representations and Warranties. The Borrowers represent and warrant to the
Administrative Agent and the undersigned Lender as follows:

(a) The representations and warranties made by the Borrowers in Article 4 of the Credit
Agreement and each other Credit Document are true and correct in all material respects on
and as of the date hereof, except to the extent such representations and warranties
expressly relate to an earlier date.

(b) No Default or Event of Default has occurred and is continuing.

(c) No Material Adverse Effect has occurred and is continuing.

3. Effect of Agreement. This Agreement, together with each exhibit referred and
attached hereto, constitutes the entire and only understanding and agreement among the parties, and
supersedes all proposals, oral or written, all negotiations, conversations or discussions among the
parties, with respect to the subject matter hereof. The execution, delivery and effectiveness of
this Agreement shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Administrative Agent.

4. Headings. The headings in this Agreement are for convenience of reference only and
are not part of the substance hereof.

5. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York, without reference to rules of conflicts of laws (other than
Section 5-1401 of the New York General Obligations Law).

6. Enforceability. Should any one or more of the provisions of this Agreement be
determined to be illegal or unenforceable as to one or more of the parties hereto, all other
provisions nevertheless shall remain effective and binding on the parties hereto.

7. Counterparts. This Agreement may be executed in multiple originals and by
counterpart.

[Remainder of Page Intentionally Left Blank.]

IN WITNESS HEREOF, the parties have caused this Eighth Amendment to Credit Agreement to be
duly executed by their officers duly authorized as of the date first above written.

SNOWFLAKE WHITE MOUNTAIN POWER, LLC,

as Borrower

By:  /s/ Robert M. Worsley

	 	 	Robert M. Worsley

	 	 	 	Manager

RENEGY, LLC,

as Borrower

By:  /s/ Robert M. Worsley

	 	 	Robert M. Worsley

	 	 	 	Manager

RENEGY TRUCKING, LLC,

as Borrower

By:  /s/ Robert M. Worsley

	 	 	Robert M. Worsley

	 	 	 	Manager

COBANK, ACB,

as Administrative Agent and a Lender

By:  /s/ Dale Keyes

	 	 	Dale 

Keyes

Vice President, Energy Banking Group

1

Exhibit I-1

TERM LOAN AMORTIZATION SCHEDULE

LOAN AMOUNT = $9,301,890.00

	 	 	 	 	 	 	 	 	 	 	 
	Quarter	 	Payment Date	 	New %	 	New Amount
	1

	 	01/01/2009
	 	 	4.363449	%	 	$	405,883.23	 
	 

	 	 
	 	 	 	 	 	 	 	 
	2

	 	04/01/2009
	 	 	4.410878	%	 	$	410,295.03	 
	 

	 	 
	 	 	 	 	 	 	 	 
	3

	 	07/01/2009
	 	 	4.458915	%	 	$	414,763.34	 
	 

	 	 
	 	 	 	 	 	 	 	 
	4

	 	10/01/2009
	 	 	4.507567	%	 	$	419,288.91	 
	 

	 	 
	 	 	 	 	 	 	 	 
	5

	 	01/01/2010
	 	 	4.556843	%	 	$	423,872.50	 
	 

	 	 
	 	 	 	 	 	 	 	 
	6

	 	04/01/2010
	 	 	4.606751	%	 	$	428,514.88	 
	 

	 	 
	 	 	 	 	 	 	 	 
	7

	 	07/01/2010
	 	 	4.657299	%	 	$	433,216.84	 
	 

	 	 
	 	 	 	 	 	 	 	 
	8

	 	10/01/2010
	 	 	4.708497	%	 	$	437,979.18	 
	 

	 	 
	 	 	 	 	 	 	 	 
	9

	 	01/01/2011
	 	 	4.760352	%	 	$	442,802.69	 
	 

	 	 
	 	 	 	 	 	 	 	 
	10

	 	04/01/2011
	 	 	4.812874	%	 	$	447,688.20	 
	 

	 	 
	 	 	 	 	 	 	 	 
	11

	 	07/01/2011
	 	 	4.866071	%	 	$	452,636.54	 
	 

	 	 
	 	 	 	 	 	 	 	 
	12

	 	10/01/2011
	 	 	4.919952	%	 	$	457,648.55	 
	 

	 	 
	 	 	 	 	 	 	 	 
	13

	 	01/01/2012
	 	 	4.974527	%	 	$	462,725.07	 
	 

	 	 
	 	 	 	 	 	 	 	 
	14

	 	04/01/2012
	 	 	5.029806	%	 	$	467,866.98	 
	 

	 	 
	 	 	 	 	 	 	 	 
	15

	 	07/01/2012
	 	 	5.085796	%	 	$	473,075.14	 
	 

	 	 
	 	 	 	 	 	 	 	 
	16

	 	10/01/2012
	 	 	5.142508	%	 	$	478,350.46	 
	 

	 	 
	 	 	 	 	 	 	 	 
	17

	 	01/01/2013
	 	 	5.199952	%	 	$	483,693.82	 
	 

	 	 
	 	 	 	 	 	 	 	 
	18

	 	04/01/2013
	 	 	5.250111	%	 	$	488,359.54	 
	 

	 	 
	 	 	 	 	 	 	 	 
	19

	 	07/01/2013
	 	 	5.309535	%	 	$	493,887.12	 
	 

	 	 
	 	 	 	 	 	 	 	 
	20

	 	10/01/2013
	 	 	5.369740	%	 	$	499,487.32	 
	 

	 	 
	 	 	 	 	 	 	 	 
	21

	 	01/01/2014
	 	 	3.008578	%	 	$	279,854.66	 
	 

	 	 
	 	 	 	 	 	 	 	 

2

Exhibit I-2

RENEGY PRINCIPAL PAYMENTS

LOAN AMOUNT = $1,492,123.00

	 	 	 	 	 	 	 	 	 	 	 
	Quarter	 	Payment Date	 	New %	 	New Amount
	1

	 	01/01/2009
	 	 	4.4329424	%	 	$	77,412.40	 
	 

	 	 
	 	 	 	 	 	 	 	 
	2

	 	04/01/2009
	 	 	4.5121812	%	 	$	78,594.74	 
	 

	 	 
	 	 	 	 	 	 	 	 
	3

	 	07/01/2009
	 	 	4.5928365	%	 	$	79,798.22	 
	 

	 	 
	 	 	 	 	 	 	 	 
	4

	 	10/01/2009
	 	 	4.6749334	%	 	$	81,023.21	 
	 

	 	 
	 	 	 	 	 	 	 	 
	5

	 	01/01/2010
	 	 	4.7584979	%	 	$	82,270.09	 
	 

	 	 
	 	 	 	 	 	 	 	 
	6

	 	04/01/2010
	 	 	4.8435560	%	 	$	83,539.26	 
	 

	 	 
	 	 	 	 	 	 	 	 
	7

	 	07/01/2010
	 	 	4.9301346	%	 	$	84,831.12	 
	 

	 	 
	 	 	 	 	 	 	 	 
	8

	 	10/01/2010
	 	 	5.0182607	%	 	$	86,146.07	 
	 

	 	 
	 	 	 	 	 	 	 	 
	9

	 	01/01/2011
	 	 	5.1079622	%	 	$	87,484.53	 
	 

	 	 
	 	 	 	 	 	 	 	 
	10

	 	04/01/2011
	 	 	5.1992670	%	 	$	88,846.91	 
	 

	 	 
	 	 	 	 	 	 	 	 
	11

	 	07/01/2011
	 	 	5.2922039	%	 	$	90,233.64	 
	 

	 	 
	 	 	 	 	 	 	 	 
	12

	 	10/01/2011
	 	 	5.3868020	%	 	$	91,645.16	 
	 

	 	 
	 	 	 	 	 	 	 	 
	13

	 	01/01/2012
	 	 	5.4830911	%	 	$	93,081.91	 
	 

	 	 
	 	 	 	 	 	 	 	 
	14

	 	04/01/2012
	 	 	5.5811014	%	 	$	94,544.35	 
	 

	 	 
	 	 	 	 	 	 	 	 
	15

	 	07/01/2012
	 	 	5.6808635	%	 	$	96,032.92	 
	 

	 	 
	 	 	 	 	 	 	 	 
	16

	 	10/01/2012
	 	 	5.7824090	%	 	$	97,548.10	 
	 

	 	 
	 	 	 	 	 	 	 	 
	17

	 	01/01/2013
	 	 	5.8857695	%	 	$	99,090.37	 
	 

	 	 
	 	 	 	 	 	 	 	 

3

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