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Common, $.0001 par value
David K. Richards 166,343,938 (1) 9.7%
Principal amount $205,000.00 Date: October 3, 2003
FOR VALUE RECEIVED, the undersigned hereby promise to pay to the order of American Pension Services, Inc., /FUB custodian for David K. Richards the sum of Two Hundred Five Thousand Dollars ($205,000.00),
THIS ADDENDUM TO THE “AGREEMENT Dated June 4, 2003”, is entered into as of September 25, 2003 by and between TTR HP, Inc., a Nevada corporation (“Borrower”), and David Richards (“Lender”), collectively referred hereto as “parties”.
The Borrower and Lender have previously agreed that Lender will make available a Loan of up to $500,000 to Borrower, to be used to fund Borrower’s Aeroturbine manufacturing and distribution operations. It is now the intent of this Addendum to modify the Agreement as follows