Document:

Exhibit
10.1

    COMMUNITY
BANK, N.A.

    LINE
OF CREDIT AGREEMENT

    

    
      	
              Mr.
      Michael German, President

            	
              June
      5, 2009

            
	
              Corning
      Natural Gas Corp.

            	 
      
	
              330
      West William Street

            	 
      
	
              Corning,
      NY 14830

            	 
      

    

    

    Dear Mr.
German:

    

    This
letter sets forth the governing terms of our agreement between Community Bank,
N.A. (the “Bank”) and Coming Natural Gas Corp. (the “Borrower”) concerning a
revolving line of credit (the “Revolving Line”) in the aggregate maximum amount
outstanding at any one time of $8,000,000.00, subject to the terms of this
letter. This Revolving Line was committed by the provisions of a commitment
letter from the Bank to the Borrower dated April 21, 2009 (the “Commitment
Letter”), the contents of which are herein incorporated by
reference.

    

    General Terms of Revolving
Line

    

    Proceeds of the Revolving Line shall be
used for Borrower’s working capital purposes needs. So long as no Event of
Default exists under this Agreement or under the terms of any other agreement or
loan document between the Borrower or any Guarantor hereunder and the Bank, the
Borrower may borrow, repay, and reborrow under the Revolving Line from time to
time so long as the aggregate principal amount outstanding at any one time does
not exceed $8,000,000.00 and the Bank has not demanded payment in full. Advances
in excess of $4,000,000.00 will be limited to an amount equal to 100% of the
outstanding natural gas inventory as evidenced by the monthly inventory report
described herein below.

    

    The Borrower shall execute a Demand
Grid Note (the “Revolving Line Note”) evidencing obligations related to the
Revolving Line in a form acceptable to the Bank.

    

    All outstanding amounts under the
Revolving Line shall bear interest until paid in full.  The rate of
interest payable hereunder shall be a fluctuating rate per annum (the “Stated
Rate”) equal to the great of 4% or the 30-day Libor Rate plus a 25%, with
changes to occur automatically with changes in the 30-day Libor Rate from time
to time in effect. Each change in the Stated Rate shall take effect
simultaneously with the corresponding change in such Libor Rate. The “30-day
Libor Rate” shall mean the 30-day Libor Rate as published by the Wall Street
Journal from time to time during the period that any portion of the principal
hereunder remains unpaid. Interest shall be calculated based on actual days
elapsed divided by a year of 360 days. Changes in the rate of interest
applicable to the Revolving Line Note shall become effective automatically and
without notice at the time of changes in the 30-day Libor Rate. The Bank, shall,
however, provide the Borrower with notice of changes which have occurred in the
rate applicable to the Revolving Line during the preceding billing period in its
regular billing statements.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Unless
sooner demanded, payments of all accrued interest under the Revolving Line are
due and payable on the first day of each month. All remaining outstanding
principal and accrued interest under the Revolving Line shall be due and payable
in full on the earlier of (i) August 31, 2009, or (ii) the date of a demand by
the Bank, or (iii) the date of an Event of Default (collectively, the
“Expiration Date”) unless the Revolving Line is extended by the Bank in its sole
discretion. The Revolving Line will terminate on, and the Bank shall have no
further obligation to make credit available after, the Expiration
Date.

    

    Any
amount due not fully paid within ten (10) days after the date due shall be
subject to a late payment charge of the greater of $25.00 or five percent (5%)
of the total payment due.

    

    Fees and
Expenses

    

    The
Borrower shall pay any fees, expenses and disbursements, including reasonable
legal fees, of the Bank related to the Revolving Line and the transactions
contemplated by this letter. Such payments shall be due from time to time upon
the Bank giving the Borrower notice of the amount of such expenses.

    

    At the
request of the Bank, the Borrower shall promptly pay any expenses, reasonable
attorney’s fees, costs, or disbursements in connection with collection of any of
the obligations related to the Revolving Line or enforcement of any of the
Bank’s rights hereunder or under any note, guaranty, or other agreement related
hereto. This obligation shall survive the payment of the Revolving Line Note.
The Bank may apply any payments of any nature received by it first to the
payment of obligations under this paragraph, notwithstanding any conflicting
provision contained in this letter or any other agreement with the
Borrower.

    

    Upon the
occurrence of an Event of Default and acceleration by the Bank of the Revolving
Line Note such that it becomes immediately due and payable in full, the rate of
interest on each of the obligations related thereto shall be increased to a rate
at all times equal to two percent (2%) above the rate of interest which would be
in effect absent such Event of Default, such increased rate to remain in effect
through and including payment in full of all of the Obligations, or written
waiver of such Event of Default by the Bank.

    

    Collateral and
Guarantees

    

    The Revolving Line obligation shall be
secured by the following:

    

    
      	
               
      

            	
              •

            	
              Those
      financial assets of the Borrower now held by the Bank pursuant to a
      “Collateral Assignment” dated November 28,
2005;

            

    

    
      	
               
      

            	
              •

            	
              A
      security interest in accounts receivable, inventory and equipment arising
      under a Security Agreement between the Borrower and the Bank dated August
      4, 2005 and spread to cover the credit line facility hereby renewed,
      accomplished by “Collateral Security Spreader Agreement” dated November
      28, 2005; and

            

    

    

    No
Guaranty of the Revolving Line obligation is required to be furnished by the
Borrower.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Affirmative
Covenants

    

    So long
as this agreement remains in effect or there exists any indebtedness owing to
the Bank by the Borrower hereunder, it is agreed that the Borrower
shall:

    

    A. Keep
proper books of account in a manner satisfactory to Bank. The Bank acknowledges
that the accounting system, procedures, and forms in use as of the date hereof
are satisfactory;

    

    B.
Permit, at Borrower’s expense, inspections and audits by Bank or by its agents
of all books, records and papers in the custody or control of the Borrower or of
others relating to the financial business condition of the Borrower, including
the making of copies thereof and abstracts therefrom, and inspection and
appraisal of any of their assets, with reasonable notice and during regular
business hours;

    

    C.
Deliver to the Bank the following financial information: (i) annual financial
statement of the Borrower audited by a Certified Public Accountant in accordance
with standards established by the American Institute of Certified Public
Accountants within 90 days after the end of its fiscal year; (ii) within 30 days
following the close of each month, a monthly financial statement prepared by the
Borrower; and (iii) at all times when the outstanding principal balance owing on
the Revolving Line exceeds $4,000,000.00, a monthly report on or before the 15th
day of the month which reports the Borrower's natural gas inventory volumes and
the cost and market values thereof.

    

    D.
Promptly pay all taxes, assessments and other governmental charges due from the
Borrower, provided, however, that nothing herein contained shall be interpreted
to require the payment of any such tax so long as its validity is being
contested in good faith.

    

    E.
Promptly inform the Bank of the commencement of any material action, suit,
proceeding or investigation against the Borrower, or the making of any
counterclaim against it in any action, suit or proceeding, and of all liens
against any property of either. An action, suit, proceeding, investigation, or
lien shall be deemed material when in the aggregate the face amount of all such
pending claims, reduced by the amounts (excluding deductibles and retained limit
self-insurances) of indemnity insurance coverages acknowledged by the insurers
as applicable thereto, exceeds $100,000.00.

    

    F.
Borrower is to maintain a net worth of $7,000,000 as determined by reference to
the audited financial statements of the Borrower commencing with those for the
fiscal year ending September 30, 2008.

    

    G.
Borrower is to maintain a leverage ratio of less than four to one as determined
by reference to the audited financial statements of the Borrower commencing with
those for the fiscal year ending September 30, 2008.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Negative
Covenants

    

    So long
as this agreement remains in effect or there exists any indebtedness owing to
the Bank by the Borrower hereunder, it is agreed that the Borrower shall
not:

    

    A.  without
the prior written consent of the Bank having first been obtained, create, incur,
assume or suffer to exist any security interest, mortgage, pledge, lien or other
encumbrance upon any of your accounts receivable and inventory, whether now
owned or hereafter acquired, except in our favor and except liens of taxes not
in default or being contested in good faith; provided, however, that if any
proceeding before the United States Tax Court, Borrower is adjudged liable for
unpaid taxes and wish to appeal from such adjudication, it shall promptly take
appropriate steps to stay assessment of any lien of such taxes.

    

    B. sell,
convey, lease or transfer any of its assets other than in the ordinary course of
business, or merge or consolidate with or into any other company or
corporation;

    

    C. make
or incur any liability to make any distributions until and while its actual
regulated capital structure has an equity to debt ratio of less than 30% equity
to 70% debt, or make any distributions which would reduce the equity percentage
below 30%.

    

    Events of
Default

    

    All of
obligations of the Bank hereunder to the Borrower may be immediately terminated
and the entire unpaid balance of all indebtedness hereunder owing to the Bank
may be declared to be immediately due and payable at the sole election of the
Bank upon the happening of any one of the following specific events of
default:

    

    A.
Nonpayment of any principal of or interest on any indebtedness created hereunder
within fifteen (15) days after its due date, or default by the Borrower in the
performance of any of other material terms or conditions of this agreement or of
any other agreement of the Borrower with the Bank, which default remains uncured
fifteen (15) days after written notice thereof has been furnished by the Bank to
the Borrower;

    

    B. The
adjudication of the Borrower as a bankrupt, or the making by the Borrower of any
general assignment for the benefit of creditors, or the institution by it of any
type of insolvency proceeding or of any proceeding for the liquidation or the
winding-up of its affairs, or the appointment of a receiver or trustee for the
Borrower of its assets, or the approval as properly filed of a petition for the
reorganization of it under the Bankruptcy Act of otherwise, or its filing of any
petition for an arrangement under Chapter XI of the Bankruptcy Act or under any
similar statute;

    

    C. If any
certificate, statement, representation, warranty or audit furnished by the
Borrower or on its behalf in connection with this arrangement (including those
contained herein) or as an inducement to the Bank to enter into this agreement
shall prove to have been false in any material respect at the time as of which
the facts therein set forth were certified or stated, or to have omitted any
substantial contingent or unliquidated liability or claim against the Borrower,
or if on the date of the execution of this agreement, there shall have been any
materially adverse change in any of the facts disclosed by any such certificate,
statement, representation, warranty or audit, which change shall not have been
disclosed by the Borrower to the Bank at or prior to the time of such
execution;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    D.
Nonpayment by the Borrower of any other indebtedness to the Bank within fifteen
(15) days after the date when due.

    

    E. There
occurs any substantial change in the ownership of the Borrower, by merger with
another entity or otherwise, or operating control of the business of the
Borrower, without the prior written consent of the Lender having first been
obtained.

    

    Miscellaneous
Terms

    

    The Bank
shall have a right of set-off, in the full amount of all of Borrower’s
obligations to the Bank, against any deposits, assets held by, or other amounts
owed by the Bank to or held by the Bank for, the Borrower as well as a lien on
any and all property of the Borrower which is or may be in the Bank’s
possession.

    

    No delay
or omission by the Bank in exercising any right or remedy hereunder or with
respect to any indebtedness created hereunder shall operate as a waiver thereof
or of any of other right or remedy, and no single or partial exercise thereof
shall preclude any other or further exercise thereof of any other right or
remedy.

    

    The
parties hereto expressly waive all rights to trial by jury on any cause of
action directly or indirectly involving the terms or conditions of this
Agreement, the Revolving Line Note, or any matters whatsoever arising out of or
in connection with this Agreement, the Revolving Line Note, or any document
executed or delivered in connection with this Agreement or the Revolving Line
Note. The foregoing waiver shall survive the termination or expiration of this
Agreement.

    

    This
Agreement and the documents referred to herein embody the entire agreement and
understanding among the parties and supersede all prior agreements and
understandings relating to the subject matter hereof. This Agreement shall not
be changed or amended without the written agreement of all parties
hereto.

    

    All the terms and provisions of this
Agreement shall inure to the benefit of and be binding upon and be enforceable
by the parties and their successors and assigns and shall inure to the benefit
of and be enforceable by any holder of notes executed hereunder. No assignment
of the rights of the Borrower under this Agreement may be made without the prior
written consent of the Bank.

    

    This
letter and the notes and agreements related hereto, together with all of the
rights and obligations of the parties hereto, shall be construed, governed and
enforced in accordance with the laws of the State of New York. It represents the
joint agreement of the parties following negotiation resulting in the issuance
of the Commitment Letter, and accordingly shall not be strictly construed
against any particular party.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Please
sign the enclosed duplicate original of this letter to evidence your agreement
to the terms contained herein. We appreciate the opportunity to do business with
you.

    

    [signatures
on next page]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        	
                COMMUNITY
      BANK, N.A.

              
	 
      
	
                By:

              	
                /s/ Thomas F. Beers

              
	 
      	
                Thomas
      F. Beers, Vice President

              
	 
      
	
                CORNING
      NATURAL GAS CORP.

              
	 
      
	
                By:

              	
                /s/ Michael I. German

              
	 
      	
                Michael
      German, PresidentUnassociated Document

    
      Exhibit
10.2

    

    

    
      	
              COMMERCIAL
      LINE OF CREDIT

            	
              Community
      Bank N.A.

            
	
              AGREEMENT
      AND NOTE

            	
              331
      West Pulteney Street

            
	
            	

              Corning,
      New York 14830

            
	
            	

              (607)937-5471

            

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                     LOAN
      NUMBER.

                                  	 	
                                    AGREEMENT
      DATE

                                  	 	
                                    LOAN
      TERM

                                  	 	
                                    LINE
      OF CREDIT LIMIT

                                  	 
	 	 	 	 	 	 	 	 
	
                                    C-08-10-062327

                                  	 	
                                    June
      5, 2009

                                  	 	
                                    On
      Demand

                                  	 	$	8,000,000.00	 
	 	 
	
                                    LOAN PURPOSE: WORKING
      CAPITAL

                                  	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    BORROWER
INFORMATION

    

    Corning
Natural Gas Corporation

    330
William Street, P. O. Box 58

    Corning,
NY 14830-0058

    

    LINE OF CREDIT AGREEMENT AND
NOTE. This Commercial Line of Credit Agreement and Note will be referred
to in this document as the “Agreement”.

     

    LENDER. “Lender” means
Community Bank N.A. whose address is 331 West Pulteney Street, Corning, New York
14830 , its successors and assigns.

    

    BORROWER. “Borrower” means
each person or legal entity who signs this Agreement.

    

    PROMISE TO PAY. For value
received, receipt of which is hereby acknowledged, the Borrower promises to pay,
on demand by Lender, the principal amount of Eight Million and 00/100 Dollars
($8,000,000.00) or such lesser amount as shall have been advanced by Lender,
from time to time, to or on behalf of Borrower under this Agreement, and all
interest and any other charges, including service charges, to the order of
Lender at its office at the address noted above or at such other place as Lender
may designate in writing. The Borrower will make all payments in lawful money of
the United States of America.

    

    PAYMENT SCHEDULE. This
Agreement will be paid according to the following required payment schedule:
Beginning on July 1, 2009, monthly payments of accrued and unpaid interest. All
payments received by the Lender from the Borrower for application to the Line of
Credit may be applied to the Borrower's obligations under the Line of Credit in
such order as determined by the Lender.

    

    INTEREST RATE AND SCHEDULED PAYMENT
CHANGES. The initial variable interest rate on this Agreement will be
4.000% per annum. This interest rate may change on July 1, 2009, and on the same
day of each month thereafter. Each date on which the interest rate may change is
called the "Change Date." Beginning with the first Change Date, Lender will
calculate the new interest rate based on One Month Libor Rate in effect on the
Change Date (the "Index") plus 2.250 percentage points (the "Margin"). If the
Index is not available at that time, Lender will choose a new Index which is
based on comparable information. The Index is used solely to establish a base
from which the actual rate of interest payable under this Agreement will be
calculated, and is not a reference to any actual rate of interest charged by any
lender to any particular borrower. The interest rate will never be less than
4.000%.

    

    Nothing
contained herein shall be construed as to require the Borrower to pay interest
at a greater rate than the maximum allowed by law. If, however, from any
circumstances, Borrower pays interest at a greater rate than the maximum allowed
by law, the obligation to be fulfilled will be reduced to an amount computed at
the highest rate of interest permissible under applicable law and if, for any
reason whatsoever, Lender ever receives interest in an amount which would be
deemed unlawful under applicable law, such interest shall be automatically
applied to amounts owed, in Lender's sole discretion, or as otherwise allowed by
applicable law. An increase in the interest rates will result in a higher
payment amount. Interest on this Agreement is calculated on a 365/360 day basis.
The unpaid balance of this loan shall, after an Event of Default exists under
this Agreement or any other agreement related to the loan, be subject to a
Default Rate of interest equal to 2.000 percentage points over the applicable
variable interest rate in effect from time to time, calculated as described
above in the section "Interest Rate."

    

    
      
        
        

      

      
        Page 1 of
4

        
          

        

      

      
        
        

      

    

     

    LATE PAYMENT CHARGE. If any
required payment is more than 10 days late, then at Lender's option, Lender will
assess a late payment charge of $25.00 or 5% of the amount past due, whichever
is greater.

     

    LINE OF CREDIT TERMS. This
Agreement is discretionary. The Borrower acknowledges and agrees that although
the Borrower may from time to time request an advance under this Agreement up to
a maximum amount equal to the Line of Credit Limit, the Lender in no way is
obligated to make such advance and all advances will be made by Lender in its
sole and absolute discretion and subject to the terms and conditions of this
Agreement.

     

    Advances.

     

    ·      Advances
under this Agreement may be requested orally or in writing by the Borrower or by
an authorized person.

    ·      The
total of all advances requested and unpaid principal cannot exceed Eight Million
and 00/100 Dollars ($8,000,000.00).

    ·      All
advances made will be charged to a loan account in Borrower's name on Lender's
books, and the Lender shall debit such account the amount of each advance made
to, and credit to such account the amount of each repayment made by Borrower.
Lender shall provide to Borrower periodic statements of Borrower's loan account,
which shall be deemed to be correct, accepted by, and binding upon Borrower
unless Lender receives a written statement of exception from Borrower within 10
days after such statement is furnished.

     

    Suspension and Termination.
Advances under this Agreement will be available until the earlier to
occur of (a) demand by the Lender; (b) the Line of Credit is cancelled by
Borrower; or (c) the occurrence of an Event of Default.

     

    Loan Type Conversion. Provided
no default or event of default shall have occurred, the Borrower may, at its
option, apply for conversion of this Agreement into a Term loan 30 days prior to
the Maturity Date. However, the Lender shall have no obligation to approve the
Borrower's application.

    

    SECURITY TO NOTE. Security
(the "Collateral") for this Agreement is granted pursuant to the following
security document(s):

    ·            Security
Agreement - all business assets dated August 4, 2005.

    ·            Security
Agreement - assignment of trust fund dated November 28, 2005.

    

    RIGHT OF SET-OFF. To the
extent permitted by law, Borrower agrees that Lender has the right to set-off
any amount due and payable under this Agreement, whether matured or unmatured,
against any amount owing by Lender to Borrower including any or all of
Borrower's accounts with Lender. This shall include all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future. Such
right of set-off may be exercised by Lender against Borrower or against any
assignee for the benefit of creditors, receiver, or execution, judgment or
attachment creditor of Borrower, or against anyone else claiming through or
against Borrower of such assignee for the benefit of creditors, receiver, or
execution, judgment or attachment creditor, notwithstanding the fact that such
right of set-off has not been exercised by Lender prior to the making, filing or
issuance or service upon Lender of, or of notice of, assignment for the benefit
of creditors, appointment or application for the appointment of a receiver, or
issuance of execution, subpoena or order or warrant.

    

    PAYABLE ON DEMAND. This is a
demand note. Payment is due upon Lender's demand.

    

    DEFAULT. Upon the occurrence
of any one of the following events (each, an "Event of Default" or "default" or
"event of default"), Lender's obligations, if any, to make any advances will, at
Lender's option, immediately terminate and Lender, at its option, may declare
all indebtedness of Borrower to Lender under this Agreement to be immediately
due and payable without further notice of any kind notwithstanding anything to
the contrary in this Agreement or any other agreement: (a) Borrower's failure to
make any payment on time or in the amount due; (b) any default by Borrower under
the terms of this Agreement or any other agreement, security agreement executed
in connection with this Agreement (individually, a "Loan Document" and
collectively, the "Loan Documents"); (c) any default by Borrower under the terms
of any other loan agreement, security agreement, mortgage or other document in
favor of Lender; (d) the death, dissolution, or termination of existence of
Borrower or any guarantor; (e) Borrower is not paying Borrower's debts as such
debts become due; (f) the commencement of any proceeding under bankruptcy or
insolvency laws by or against Borrower or any guarantor or the appointment of a
receiver; (g) any default under the terms of any other indebtedness of Borrower
to any other creditor; (h) any writ of attachment, garnishment, execution, tax
lien or similar instrument is issued against any collateral securing the loan,
if any, or any of Borrower's property or any judgment is entered against
Borrower or any guarantor; (i) any part of Borrower's business is sold to or
merged with any other business, individual, or entity; (j) any representation or
warranty made by Borrower to Lender in any of the Loan Documents or any
financial statement delivered to Lender proves to have been false in any
material respect as of the time when made or given; (k) if any guarantor, or any
other party to any agreement or instrument with or in favor of Lender entered
into or delivered in connection with the Loan terminates, attempts to terminate
or defaults under any such agreement or instrument; (1) Lender has deemed itself
insecure or there has been a material adverse change of condition of the
financial prospects of Borrower or any collateral securing the obligations owing
to Lender by Borrower. Upon the occurrence of an event of default, Lender may
pursue any remedy available under any Related Document, at law or in
equity.

    

    
      
        
        

      

      
        Page 2 of
4

        
          

        

      

      
        
        

      

    

     

    RELATED DOCUMENTS. If this
Agreement is secured by a security agreement, mortgage, deed of trust, trust
deed, security deed or loan agreement of even or previous date, it is subject to
all the terms thereof.

    

    GENERAL WAIVERS. To the extent
permitted by law, the Borrower severally waives any required notice of
presentment, demand, acceleration, intent to accelerate, protest and any other
notice and defense due to extensions of time or other indulgence by Lender or to
any substitution or release of collateral. No failure or delay on the part of
Lender, and no course of dealing between Borrower and Lender, shall operate as a
waiver of such power or right, nor shall any single or partial exercise of any
power or right preclude other or further exercise thereof or the exercise of any
other power or right.

    

    JOINT AND SEVERAL LIABILITY.
If permitted by law, each Borrower executing this Agreement is jointly and
severally bound.

    

    SEVERABILITY.  If a
court of competent jurisdiction determines any term or provision of this
Agreement is invalid or prohibited by applicable law, that term or provision
will be ineffective to the extent required. Any term or provision that has been
determined to be invalid or prohibited will be severed from the rest of this
Agreement without invalidating the remainder of either the affected provision or
this Agreement.

    

    SURVIVAL.  The
rights and privileges of the Lender hereunder shall inure to the benefits of its
successors and assigns, and this Agreement shall be binding on all heirs,
executors, administrators, assigns and successors of Borrower.

    

    ASSIGNABILITY.  Lender
may assign, pledge or otherwise transfer this Agreement or any of its rights and
powers under this Agreement without notice, with all or any of the obligations
owing to Lender by Borrower, and in such event the assignee shall have the same
rights as if originally named herein in place of Lender. Borrower may not assign
this Agreement or any benefit accruing to it hereunder without the express
written consent of the Lender.

    

    ORAL AGREEMENTS DISCLAIMER.
This Agreement represents the final agreement between the parties and may not be
contradicted by evidence of prior, contemporaneous or subsequent oral agreements
of the parties. There are no unwritten oral agreements between the
parties.

    

    GOVERNING LAW. This Agreement
is governed by the laws of the state of New York except to the extent that
federal law controls.

    

    HEADING AND GENDER. The
headings preceding text in this Agreement are for general convenience in
identifying subject matter, but have no limiting impact on the text which
follows any particular heading. All words used in this Agreement shall be
construed to be of such gender or number as the circumstances
require.

    

    ATTORNEYS' FEES AND OTHER COSTS.
If legal proceedings are instituted to enforce the terms of this
Agreement, Borrower agrees to pay all costs of the Lender in connection
therewith, including reasonable attorneys' fees, to the extent permitted by
law.

    

    ADDITIONAL PROVISIONS. The
Commitment Letter from Lender to Borrower dated April 29, 2009, and its terms
and conditions, together with the Line of Credit Agreement dated June 5, 2009,
are incorporated by reference and made a part hereof with the same force and
effect as if it were set forth herein. In the event that any of the provisions
contained in the Commitment Letter or the Line of Credit Agreement conflict in
whole or in part with the provisions contained in this Commercial Line of Credit
Agreement and Note, the provisions contained in the Commitment Letter and Line
of Credit Agreement shall control.

    

    WAIVER
OF JURY TRIAL. All parties to this Agreement hereby knowingly and voluntarily
waive, to the fullest extent permitted by law, any right to trial by jury of any
dispute, whether in contract, tort, or otherwise, arising out of, in connection
with, related to, or incidental to the relationship established between them in
this Agreement or any other instrument, document or agreement executed or
delivered in connection with this Agreement or the related
transactions.

     

    
      
        
        

      

      
        Page 3 of
4

        
          

        

      

      
        
        

      

    

    

    By
signing this Agreement, Borrower acknowledges reading, understanding, and
agreeing to all its provisions and receipt hereof.

     

    
      
        
          
            
              
                	

                        Corning.
      Natural Gas Corporation

                      	 
	 	 
	
                        /s/  Michael
    German

                      	
                        6/5/09

                      
	
                        By:
      Michael German

                      	
                        Date

                      
	
                        Its:
      President

                      	 
      

              

            

          

        

      

    

     

    
      
        
        

      

      
        Page 4 of
4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]