Exhibit
      10.2




**ADDENDUM
      TO LOAN AGREEMENT**





August
      1,
      2007





This
      Addendum to the Loan Agreement entered into on July 27, 2007, is hereby agreed
      to
      by                                           
­ (hereinafter
      collectively the “Lender”) and Renewable Energy Resources,
      Inc. (hereinafter
      the “Borrower”), for the use of $100,000 of the loan for the Operations of
      Borrower related to its pending SEC 10Q filing and ultimate beneficiary, the
      Springfield Energy Project. This addendum is entered into between the parties,
      being the Lender and the Borrower, only for the purpose and amount stated and
      shall not change any other portion, content, or condition of either party to
      the
      original loan agreement. This addendum does not change the loan amount, term
      of
      the loan, payment of interest, repayment, prepayment, shares from borrower,
      loan
      guarantee with permission of the guarantor, events of default clauses, remedies,
      collections, venue and jurisdiction, right of first refusal of the Lender or
      commitment of the Lender for the loan as set forth in the original agreement
      the
      whole amount of the transaction. This addendum shall include the following
      change as agreed to by the parties to the original agreement:





USE
                OF FUNDS AND GUARANTEE
            The
                Lender's funds will be used to fund the Renewable Energy Resources,
                Inc.,
                in the amount of $100,000, for the necessary corporate operations
                as
                described by the parties for the preparation and filing of its quarterly
                report to include audit (legal costs, and other expenditures as described
                between the parties. This first traunche shall be used to the benefit
                of
                RENW in order to directly benefit the primary loan recipient being
                the
                Springfield Energy Project, LLC (“SEP"). SEP shall be the recipient of
                direct investment by Lender for the remaining portion of the monies.
                SEP
                will guarantee this Note as previously set forth in the original
                note.FUNDS
                TO BE TRANSMITTED:
            Funds
                for the first traunce under this addendum, the initial $100,000 shall
                be
                transmitted to the account of Renewable Energy Resources, Inc., Bank
                of
                America, Tampa, Florida (wiring instructions to be provided under
                separate
                cover). Such funds are agreed to be transmitted to RENW within the
                time
                period discussed. Such other monies will be transmitted to the escrow
                attorney as previously agreed.





IN
      WITNESS WHEREOF, Borrower and Lender, intending to be legally bound, have caused
      their duly authorized representatives to execute and deliver this agreement
      on
      the date first written above.





BORROWER:






RENEWABLE
      ENERGY RESOURCES, INC.






/s/
      Kenneth P. Brown





Kenneth
      P. Brown, Chief Executive
      Officer