Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Global Energy Inc. - Exhibit 10.19

Due Diligence Report

TO: Yorkville Advisors

FROM: Dr Richard J Harley, Biofuels Expert, GLG Councils

Report on a Field Trip visit to Dresden, Eppendorf,
Germany Wednesday 10th and Thursday
11th October 2007, at the request of
David Fine, Yorkville Advisors

The Report is based on written material supplied by Global
Energy Inc., discussions with the inventor Dr. Christian Koch, CEO., of ALPHAKAT
GmbH, and a visit the demonstration plant in Eppendorf, Germany on Thursday
11th October 2007.

I was accompanied, on the trip, by Mr Asi Shalgi, CEO of Global
Energy Inc., and Engineer Mr Yossi Raz, Engineer of Global Energy Inc.

The report is written to support Yorkville Advisors to evaluate
the KDV technology invented and demonstrated by Dr. Christian Koch.

The report answers the following questions:

	 	1. 	 Evaluate the validity of the technology and its background.

	 	2. 	 Watch a physical demonstration(s) of the plant and its
        outcomes. To include process, flow and consistency of the process.

	 	3. 	 Quality of produced diesel, when compared to standard
        norms of the European Commission (EC) = EN590 standard

	 	4. 	 Economic analysis of the current largest unit KDV500.

	 	5. 	 Patent coverage worldwide

	1. 	
      Validity and background of the
      technology.

The technology utilises fine molecule
  catalyst that is known in the refinery industry but is produced differently
  .The catalyst (Natrium Aluminium Silicat) is an ion-exchange and 100 % crystallized
  catalyst, in an oil cycle instead of the natural water cycle of crude oil production
  in nature and with a heating turbine (not like the nature sediment process)
  thus reaching the diesel production within 3 minutes conversion time instead
  of 300.000.000 years as in nature.

The catalyst is used in different forms
  in the oil refinery industry. The mix of catalyst in the hot temperature (occurred
  in the fast spinning turbine), break the long chain of the organic molecule
  and produce diesel steam that later condense into diesel liquid.

The technology is well presented in
  the Patent description and the detail explanation of the process flow diagram
  as it is covered by the patent.

2

The standard industrial KDV plant, the
KDV500 (catalytic pressure-free oiling for at least 500 l/h Diesels) was
economically optimized for the most diverse biological and organic waste
materials used. The following list of potential application results, show that
from technological point of view waste and residual substances can be processed
by the KDV processed into good quality mineral Diesel Fuel and can be done
decentralized:

Any hydrocarbon content materials such
as:

	 	•	Plastics of all kinds, including the PVC and PET bottles 
	 	•	Rubber and motor-car tires 
		•	Waste oils, waxes and fats of all kinds
        (used kitchen fats) including the oil of the electrical changing of currency
        and hydraulic oils 

	 	•	Agricultural wastes, animal waste products and spoiled food
    
	 	•	Hospital wastes, sterilized, drains and dried, as well as 
	 	•	All refinery arrears, bitumen, tars, etc. 
	 		 
	 	NB Please see attached photographs taken
      by the author at the plant in Eppendorf.

It is important to mention that the
poison materials contained in the raw material such as heavy metals, or
chlorine, are bound efficiently and reliably neutralized by the catalyst and the
added Lime or caustic and can be used for roads as soil replacement or dumped
into an ordinary landfill site. 

Due to the low processing temperatures
the develop of Dioxins and Furans is not occur, thus no danger for the
environment and any emissions does not contain any hazardous gases and
pollutants just pure CO2.

	2. 	
      Demonstration plant

The demonstration plant is in the town
of Eppendorf, Germany is well described in Global Energy Inc., report made by
Engineer Yossi Raz.

Since that report it is noticeable that
Dr. Koch constructed the new KDV system as well as new full scale KDV500 that
was erected to serve as test bench for the newly produced turbine.

Dr. Koch demonstrated to me on the
morning of October 11th 2007 the operation of the small KDV45 that is in
operation in Eppendorf in a batch mode and it produced diesel out of different
types of waste. Among them Municipal Waste (MW) that has been brought to site by
a Czech Republic delegation who arrived to site to test their waste, while I was
there.

3

	3. 	
      Process

I have not seen the other plants
located in Spain, Bulgaria, but based on what I have seen in the report made by
Engineer Yossi Raz, and the demonstration plant in Eppendorf during my visit, I
can estimate that the distillate process is still suffering with some bottle
necks and process flow. But I can confidently state that all these problems are
typical for demonstration of new technology and process, and can be resolved by
proper bottle necking analysis and process review, as has been solved by other
process industries in petrochemical, refinery and other Biofuels production.

I have been informed that Global Energy
Inc., is sending next week a team of process engineers to review the current
design look for process problems and have it run in a computerized simulation to
solve as much process failure as possible. According to Yossi Raz he anticipates
very minor and small corrections to have the KDV500 operate with continuous
mode. 

	4. 	
      Quality of diesel

	 	 
		
      Global Energy Inc., submitted three sets of laboratory
      analysis of the diesel quality.

	 	 
		
      Two different sets of diesel produced in Eppendorf and
      two different batches and one from the plant in Mexico.

	 	 
		
      The samples were tested by the Israeli Petroleum
      Institute (A government Institute) that serves as an independent
      laboratory to analyze samples of different oil products for the Israeli
      market.

	 	 
		
      The diesel in the first batch was tested to comply with
      the norm of diesel for heating and with the norm of diesel for
      transportation.

	 	 
		
      The samples were tested for the norm of EN 590 (European
        standard) for: Appearance, Density, Distillations points of oC,
        Recovered at 250 oC and 350 oC, Viscosity at 40
        oC, Flash point at oC, Ash content, Sulphur content,
        CFPP oC, Lubrication, Cetane number, Copper corrosion, Water
        content ppm, Carbon residue as % of mass, Total contamination mg/kg, Oxidation
        stability g/m3, Clear & bright, The sample as shown in the reports
        comply 100% with the norms and standards of diesel for heating and differ
        from the norm of diesel for transportation with higher sulphur content,
        water, and density.

	 	 
		
      Dr. Koch emphasize that if he works in continuous process
      to produce the diesel from waste he can control better the PH level and
      remove the surplus and separate better the water, reaching the precise
      density and control the sulphur level as the small unit in Eppendorf does
      not have desulphurization unit that exist in the KDV 500 models.

	 	 
		
      The sample from Mexico shows that it meets the diesel for
      transportation, has better Cetane number 57 (EN590 standard
  >47).

4

All diesel samples had calorific value
of 10,900 Kcal/kg were the minimum is 10,000 Kcal/kg.

I believe that in proper continues
process the production of diesel at the norm can be achieved.

	5. 	
      Economic analysis

	 	 
		
      The economic analysis demonstrate that the cost of the
      KDV500 is 3.2 million Euro plus additional 0.6 million Euro for peripheral
      equipment total of 3.8 million Euro. This is current sale price of the
      system and can be reduced further by more optimize engineering design and
      after learning curve of the fabrication of more units. A customer could be
      give a reduction on the price if the bought more than one unit.

	 	 
		
      The calculation is conservative and include full cost of
      the catalyst 0.2 million Euro per annual consumption were today most of
      the catalyst is recycled and thus the operating cost can be significant
      lower.

	 	 
		
      The calculation shows that the production cost of one
      litre of diesel when the project is financed by 20% equity and 80% loan at
      6.5% annual interest rate is maximum –0.34 Euro / litre (the cost covers
      variable cost, labour, maintenance, capital cost of interest and
      principals and taxes) . The estimated whole sell price by the company is
      0.55 Euro/litre (this reflects a price of 174.79 Euro per barrel of refine
      diesel). The price of litre diesel at the pump in Europe is 1.10 –1.25
      Euro, the whole sale price brings the project IRR to be over 40% and
      equity IRR of over 150%.

	 	 
		
      When project investment cost will decreased and with the
      minimum use of catalyst the operating cost will be also reduced than the
      economic results will be even better.

	 	 
		
      NB A cashflow forecast is attached.

	 	 
	6. 	
      Patent converge

	 	 
		
      Dr. Koch has registered the Patent in Germany, Europe,
      USA, Russia, Brazil and several other East Europe countries. Also, ROC
      China, Japan.

	 	 
		
      Every year Dr Koch adds additional new Patents to the
      previous Patent and thus extends the life of the patent protection, it is
      always ongoing.

	 	 
		
      The catalyst is produced by Sud Chemie under special
      license form Dr. Koch and is only available for use in plant that has
      purchased it form him and have license from ALPHAKAT
  GmbH.

5

Conclusions and
Recommendations:

	•	All the Due Diligence documentation
        I have received is correct and truthful 

	•	I have seen KDV test machine
        operating, with a range of Feedstocks, and actually producing mineral
        oil 

	•	The KDV meets all known environmental
        standards 

	•	All the Patents are valid,
        registered and up-to-date 

	•	Therefore, I have no hesitation
        in recommending the KDV plant, as designed by Dr Koch, can produce “useful
        Diesel oil at a commercially reasonable cost without prohibitively expense
        waste”Filed by Automated Filing Services Inc. (604) 609-0244 - Global Energy, Inc. - Exhibit 30.34

AMENDED AND RESTATED

IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

March 20, 2008

Worldwide Stock Transfer, LLC
885 Queen Anne
Road
Teaneck, NJ 07666

RE:     
GLOBAL ENERGY, INC.

Ladies and Gentlemen:

                    These
Amended and Restated Irrevocable Transfer Agent Instructions are issued to amend
and replace the Irrevocable Transfer Agent Instructions entered in between the
parties hereto on July 6, 2007. Reference is made to that certain Securities
Purchase Agreement (the “Securities Purchase Agreement”) dated July 6,
2007 by and between Global Energy, Inc., a Nevada corporation (the
“Company”), and YA Global Investments, L.P. (f/k/a Cornell Capital
Partners, L.P.) (the “Buyer”). Pursuant to the Securities Purchase
Agreement, the Company shall issue and sell to the Buyer, an the Buyer shall
purchase from the Company, convertible debentures (collectively, the
“Debentures”) which are convertible into shares of the Company’s common
stock, par value $.001 per share (the “Common Stock”), at the Buyer’s
discretion. The Company has also issued to the Buyer warrants to purchase
additional shares of Common Stock, at the Buyer’s discretion (the
“Warrant”). These instructions relate to the following stock or proposed
stock issuances or transfers:

	 	1. 	
      Shares of Common Stock to be issued to the Buyer upon
      conversion of the Debentures plus any shares of Common Stock to be issued
      to the Buyer upon conversion of accrued interest into Common Stock
      (collectively, the “Conversion Shares”).

	 	 	 
	 	2. 	
      Shares of Common Stock to be issued to the Buyer upon
      exercise of the Warrant (the “Warrant
Shares”).

                    This
letter shall serve as our irrevocable authorization and direction to Worldwide
Stock Transfer, LLC. (the “Transfer Agent”) to do the following:

	1. 	
      Conversion Shares and Warrant Shares.

	 	 	 
		a. 	
      Instructions Applicable to Transfer Agent.
      receipt. Upon receipt from the Company of a properly completed and duly
      executed Conversion Notice (the “Conversion Notice”) in the form
      attached as Exhibit A to the Debentures, or a properly completed and duly
      executed Exercise Notice (the “Exercise Notice”) in the form
      attached as Exhibit A to the Warrant, the Transfer Agent shall within
      three (3) Trading Days thereafter (i) issue and surrender to a common
      carrier for overnight delivery to the address as specified in the
      Conversion Notice or the Exercise Notice, a certificate, registered in the
      name of the Buyer or its designees, for the number of shares of Common
      Stock to which the Buyer shall be entitled as set forth in the Conversion
      Notice or Exercise Notice or (ii) provided the Transfer Agent is
      participating in The Depository Trust Company (“DTC”) Fast
      Automated Securities Transfer Program, upon the request of the Buyers,
      credit such aggregate number of shares of Common Stock to which the Buyers
      shall be entitled to the Buyer’s or their designees’balance account with
      DTC through its Deposit Withdrawal At Custodian (“DWAC”) system
      provided the Buyer causes its bank or broker to initiate the DWAC
      transaction. For purposes hereof “Trading Day” shall mean
      any day on which the Nasdaq Market is open for customary
trading.

	 	 	 
		b. 	
      The Company hereby confirms to the Transfer Agent and the
      Buyer that certificates representing the Conversion Shares and the Warrant
      Shares shall not bear any legend restricting transfer and should not be
      subject to any stop- transfer restrictions and shall otherwise be freely
      transferable on the books and records of the Company; provided that
      counsel to the Company delivers (i) the Notice of Effectiveness set
      forth in Exhibit I attached hereto and (ii) an opinion of counsel
      in the form set forth in Exhibit II attached hereto, and that if
      the Conversion Shares or Warrant Shares are not registered for sale under
      the Securities Act of 1933, as amended, then the certificates for the
      Conversion Shares or Warrant Shares shall bear the following
  legend:

	 	 	 
			
      “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
      NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
      APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR
      INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
      IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE
      SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE
      TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED
  UNDER

		  
	SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT
      TO RULE 144 UNDER SAID ACT.”
	 	 	 
		c. 	 In the event that counsel to the Company fails or refuses
        to render an opinion as required to issue the Conversion Shares or Warrant
        Shares in accordance with the preceding paragraph (either with or without
        restrictive legends, as applicable), then the Company irrevocably and
        expressly authorizes counsel to the Buyer to render such opinion. The
        Transfer Agent shall accept and be entitled to rely on such opinion for
        the purposes of issuing the Conversion Shares or Warrant Shares.

	 	 	 
	2. 	 Other Agreements.

	 	 	 
		a. 	 The Transfer Agent shall reserve for issuance to the
        Buyer a minimum of 6,000,000 Conversion Shares and 600,000 Warrant Shares.
        All such shares shall remain in reserve with the Transfer Agent until
        the Buyers provides the Transfer Agent instructions that the shares or
        any part of them shall be taken out of reserve and shall no longer be
        subject to the terms of these instructions.

	 	 	 
		b. 	 The Transfer Agent shall rely exclusively on the Conversion
        Notice or the Exercise Notice and shall have no liability for relying
        on such instructions. Any Conversion Notice or Exercise Notice delivered
        hereunder shall constitute an irrevocable instruction to the Transfer
        Agent to process such notice or notices in accordance with the terms thereof.
        Such notice or notices may be transmitted to the Transfer Agent by facsimile
        or any commercially reasonable method.

	 	 	 
		c. 	 The Company hereby confirms to the Transfer Agent and
        the Buyers that no instructions other than as contemplated herein will
        be given to Transfer Agent by the Company with respect to the matters
        referenced herein. The Company hereby authorizes the Transfer Agent, and
        the Transfer Agent shall be obligated, to disregard any contrary instructions
        received by or on behalf of the Company.

                    The
Company hereby agrees that it shall not replace the Transfer Agent as the
Company’s transfer agent without the prior written consent of the Buyer.

                    Any
attempt by Transfer Agent to resign as the Company’s transfer agent hereunder
shall not be effective until such time as the Company provides to the Transfer
Agent written notice that a suitable replacement has agreed to serve as transfer
agent and to be bound by the terms and conditions of these Irrevocable Transfer
Agent Instructions.

                    The
Company and the Transfer Agent hereby acknowledge and confirm that complying
with the terms of this Agreement does not and shall not prohibit the Transfer
Agent from satisfying any and all fiduciary responsibilities and duties it may
owe to the Company.

                    The
Company and the Transfer Agent acknowledge that the Buyer is relying on the
representations and covenants made by the Company and the Transfer Agent
hereunder and are a material inducement to the Buyer purchasing convertible
debentures under the Securities Purchase Agreement. The Company and the Transfer
Agent further acknowledge that without such representations and covenants of the
Company and the Transfer Agent made hereunder, the Buyers would not purchase the
Debentures.

                    Each
party hereto specifically acknowledges and agrees that in the event of a breach
or threatened breach by a party hereto of any provision hereof, the Buyer will
be irreparably damaged and that damages at law would be an inadequate remedy if
these Irrevocable Transfer Agent Instructions were not specifically enforced.
Therefore, in the event of a breach or threatened breach by a party hereto,
including, without limitation, the attempted termination of the agency
relationship created by this instrument, the Buyer shall be entitled, in
addition to all other rights or remedies, to an injunction restraining such
breach, without being required to show any actual damage or to post any bond or
other security, and/or to a decree for specific performance of the provisions of
these Irrevocable Transfer Agent Instructions.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                    IN
WITNESS WHEREOF, the parties have caused this letter agreement regarding
Irrevocable Transfer Agent Instructions to be duly executed and delivered as of
the date first written above.

	 	COMPANY: 
	 	GLOBAL
      ENERGY, INC. 
	 	  	  
	 	By: /s/ Asi
      Shalgi 
	 	Name: 	Asi Shalgi 
	 	Title: 	Chief Executive Officer 
	 	  	  
	 	  	  
	 	BUYER: 
	 	YA GLOBAL
      INVESTMENTS, L.P. 
	 	  	  
	 	By: 	Yorkville Advisors, LLC 
	 	Its: 	Investment Manager 
	 	  	  
	 	By: /s/ Mark
      Angelo 
	 	Name: 	Mark Angelo 
	 	Title: 	Portfolio Manager 
	 	  	  
	 	  	  
	 	TRANSFER AGENT:
    
	 	WORLDWIDE STOCK
      TRANSFER, LLC 
	 	  	  
	 	By: 	/s/ Yonah Kopstick 
	 	Name: 	Yonah Kopstick 
	 	Title: 	Vice President

EXHIBIT I

TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

FORM OF NOTICE OF EFFECTIVENESS
OF
REGISTRATION STATEMENT

_________, 200_

______

Attention:

RE:    GLOBAL ENERGY, INC.

Ladies and Gentlemen:

               We
are counsel to Global Energy, Inc., (the “Company”), and have represented
the Company in connection with that certain Securities Purchase Agreement, dated
as of ________________ ____, 200_ (the “Securities Purchase Agreement”),
entered into by and among the Company and the Buyers set forth on Schedule I
attached thereto (collectively the “Buyers”) pursuant to which the
Company has agreed to sell to the Buyers secured convertible debentures, which
shall be convertible into shares (the “Conversion Shares”) of the
Company’s common stock, par value $.001 per share (the “Common Stock”),
in accordance with the terms of the Securities Purchase Agreement. Pursuant to
the Securities Purchase Agreement, the Company also has entered into a
Registration Rights Agreement, dated as of ______________ ___, 200_, with the
Buyers (the “Investor Registration Rights Agreement”) pursuant to which
the Company agreed, among other things, to register the Conversion Shares under
the Securities Act of 1933, as amended (the “1933 Act”). In connection
with the Company’s obligations under the Securities Purchase Agreement and the
Registration Rights Agreement, on _______, 200_, the Company filed a
Registration Statement (File No. ___-_________) (the “Registration
Statement”) with the Securities and Exchange Commission (the “SEC”)
relating to the sale of the Conversion Shares.

               In
connection with the foregoing, we advise the Transfer Agent that a member of the
SEC’s staff has advised us by telephone that the SEC has entered an order
declaring the Registration Statement effective under the 1933 Act at ____ P.M.
on __________, 200_ and we have no knowledge, after telephonic inquiry of a
member of the SEC’s staff, that any stop order suspending its effectiveness has
been issued or that any proceedings for that purpose are pending before, or
threatened by, the SEC and the Conversion Shares are available for sale under
the 1933 Act pursuant to the Registration Statement.

EXHIBIT I-1

 

 The Buyers has confirmed it shall comply with all
securities laws and regulations applicable to it including applicable prospectus
delivery requirements upon sale of the Conversion Shares.

	 	Very truly yours, 
	 	 
	 	By: 
  _______________________________

EXHIBIT I-2

EXHIBIT II

TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

FORM OF OPINION

________________200_

VIA FACSIMILE AND REGULAR MAIL

______

Attention:

RE:     
GLOBAL ENERGY, INC.

Ladies and Gentlemen:

                    We
have acted as special counsel to Global Energy, Inc. (the “Company”), in
connection with the registration of ___________shares (the “Shares”) of
its common stock with the Securities and Exchange Commission (the “SEC”).
We have not acted as your counsel. This opinion is given at the request and with
the consent of the Company.

                    In
  rendering this opinion we have relied on the accuracy of the Company’s
  Registration Statement on Form SB-2, as amended (the “Registration Statement”),
  filed by the Company with the SEC on _________ ___, 200_. The Company filed
  the Registration Statement on behalf of certain selling stockholders (the “Selling
  Stockholders”). This opinion relates solely to the Selling Shareholders
  listed on Exhibit “A”hereto and number of Shares set forth
  opposite such Selling Stockholders’names. The SEC declared the Registration
  Statement effective on __________ ___, 200_.

               We
understand that the Selling Stockholders acquired the Shares in a private
offering exempt from registration under the Securities Act of 1933, as amended.
Information regarding the Shares to be sold by the Selling Shareholders is
contained under the heading “Selling Stockholders” in the Registration
Statement, which information is incorporated herein by reference. This opinion
does not relate to the issuance of the Shares to the Selling Stockholders. The
opinions set forth herein relate solely to the sale or transfer by the Selling
Stockholders pursuant to the Registration Statement under the Federal laws of
the United States of America. We do not express any opinion concerning any law
of any state or other jurisdiction.

EXHIBIT II-1

                    The
Selling Stockholders have provided us with a letter agreeing to comply in full
with the prospectus delivery requirements set out in the applicable securities
laws and rules. 

                    In
rendering this opinion we have relied upon the accuracy of the foregoing
statements.

                    Based
on the foregoing, it is our opinion that the Shares have been registered with
the Securities and Exchange Commission under the Securities Act of 1933, as
amended, and that ________may remove the restrictive legends contained on the
Shares. This opinion relates solely to the number of Shares set forth
opposite the Selling Stockholders listed on Exhibit “A” hereto.

                    This
opinion is furnished to Transfer Agent specifically in connection with the sale
or transfer of the Shares, and solely for your information and benefit. This
letter may not be relied upon by Transfer Agent in any other connection, and it
may not be relied upon by any other person or entity for any purpose without our
prior written consent. This opinion may not be assigned, quoted or used without
our prior written consent. The opinions set forth herein are rendered as of the
date hereof and we will not supplement this opinion with respect to changes in
the law or factual matters subsequent to the date hereof.

Very truly yours,

EXHIBIT II-2

EXHIBIT A

(LIST OF SELLING STOCKHOLDERS)

	Name: 	 	No.
      of Shares: 

EXHIBIT A

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