Document:

Exhibit 10.5

                               SECURITY AGREEMENT

         THIS SECURITY AGREEMENT is dated as of the 1 day of AUG. 2003, by THIRD
MILLENNIUM INDUSTRIES, INC., a Nevada corporation, having an address of 4933
Hwy 60, Rogersville, MO 65742 ("Grantor") for the benefit of William P. Moore,
III, as Trustee of the William P. Moore III Revocable Trust dated October 9,
2001, an individual having an address of 10801 Mastin, Suite 920, Overland Park
Kansas 66210 (the "Lender").

GRANT OF SECURITY INTEREST. For valuable consideration, Grantor grants to Lender
a security interest in the Collateral to secure the Indebtedness and agrees that
Lender shall have the rights stated in this Agreement with respect to the
Collateral, in addition to all other rights which Lender may have by law.

COLLATERAL DESCRIPTION. The word "Collateral" as used in this Agreement means
the following described property, whether now owned or hereafter acquired,
whether now existing or hereafter arising, in which Grantor is giving to Lender
a security interest for the payment of the Indebtedness and performance of all
other obligations under the Note and this Agreement:

         ALL EQUIPMENT INVENTORY, FIXTURES, MATERIALS, FURNITURE, OFFICE
         EQUIPMENT, OFFICE SUPPLIES AND ANY FIXED ASSET (ALL DEFINED TERMS SHALL
         HAVE THE DEFINITION GIVEN THEM IN THE UNIFORM COMMERCIAL CODE IN EFFECT
         IN THE STATE OF MISSOURI)

         In addition, the word "Collateral" also includes all the following,
         whether now owned or hereafter acquired, whether now existing or
         hereafter arising:

         (A) All accessions, attachments, accessories, tools, parts, supplies,
         replacements and additions to any of the collateral described herein,
         whether added now or later.

         (B) All products and produce of any of the property described in this
         Collateral section.

         (C) All accounts, general intangibles, instruments, rents, monies,
         payments, and all other rights, arising out of a sale, lease, or other
         disposition of any of the property described in this Collateral
         section.

         (D) All proceeds (including insurance proceeds) from the sale,
         destruction, loss, or other disposition of any of the property
         described in this Collateral section, and sums due from a third party
         who has damaged or destroyed the Collateral or from that party's
         insurer, whether due to judgment, settlement or other process.

         (E) All records and data relating to any of the property described in
         this Collateral section, whether in the form of a writing, photograph,
         microfilm, microfiche, or electronic media, together with all of
         Grantor's right, title, and interest in and to all computer software
         required to utilize, create, maintain, and process any such records or
         data on electronic media.

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GRANTOR'S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With
respect to the Collateral, Grantor represents and warrants to Lender that:

         PERFECTION OF SECURITY INTEREST. Grantor hereby authorizes Lender to
         file with the appropriate filing office, now or hereafter from time to
         time, financing statements covering all assets of the Grantor,
         including, but not limited to any specific listing, identification or
         type of all or any portion of the assets of the Grantor. The Grantor
         acknowledges and agrees by evidence of its signature below, this
         authorization is sufficient to satisfy the requirements of Revised
         Article 9 of the Uniform Commercial Code, July 1, 2001 revisions.
         Grantor also agrees to execute such documents and to take whatever
         other actions are requested by Lender to perfect and continue Lender's
         security interest in the Collateral. Upon request of Lender, Grantor
         will deliver to Lender any and all of the documents evidencing or
         constituting the Collateral, and Grantor will note Lender's interest
         upon any and all chattel paper if not delivered to Lender for
         possession by Lender.

         NOTICES TO LENDER. Grantor will notify Lender in writing at Lender's
         address shown above (or such other addresses as Lender may designate
         from time to time) prior to any (1) change in Grantor's name, (2)
         change in Grantor's assumed business name(s), (3) change in the
         management of Grantor, (4) change in the authorized signer(s), (5)
         change in Grantor's principal office address, (6) conversion of Grantor
         to a new or different type of business entity, or (7) change in any
         other aspect of Grantor that directly or indirectly relates to any
         agreements between Grantor and Lender. No change in Grantor's name will
         take effect until after Lender has been notified.

         NO VIOLATION. The execution and delivery of this Agreement will not
         violate any law or agreement governing Grantor or to which Grantor is a
         party, and its certificate or articles of incorporation and bylaws do
         not prohibit any term or condition of this Agreement.

         REMOVAL OF THE COLLATERAL. Grantor shall not remove the Collateral from
         its existing location without Lender's prior written consent. Grantor
         shall, whenever requested, advise Lender of the exact location of the
         Collateral.

         TRANSACTIONS INVOLVING COLLATERAL. Grantor shall not sell, offer to
         sell, or otherwise transfer or dispose of the Collateral. Grantor shall
         not pledge, mortgage, encumber or otherwise permit the Collateral to be
         subject to any lien, security interest, encumbrance, or charge, other
         than the security interest provided for in this Agreement, without the
         prior written consent of Lender. This includes security interests even
         if junior in right to the security interests granted under this
         Agreement. Unless waived by Lender, all proceeds from any disposition
         of the Collateral (for whatever reason) shall be held in trust for
         Lender and shall not be commingled with any other funds; provided
         however, this requirement shall not constitute consent by Lender to any
         sale or other disposition. Upon receipt, Grantor shall immediately
         deliver any such proceeds to Lender.

         TITLE. Grantor represents and warrants to Lender that Grantor holds
         good and marketable title to the Collateral, free and clear of all
         liens and encumbrances except for the lien of this Agreement. No
         financing statement covering any of the Collateral is on file in any
         public office other than those which reflect the security interest
         created by this Agreement or to which Lender has specifically
         consented. Grantor shall defend Lender's rights in the Collateral
         against the claims and demands of all other persons.

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         REPAIRS AND MAINTENANCE. Grantor agrees to keep and maintain, and to
         cause others to keep and maintain, the Collateral in good order, repair
         and condition at all times while this Agreement remains in effect.
         Grantor further agrees to pay when due all claims for work done on, or
         services rendered or material furnished in connection with the
         Collateral so that no lien or encumbrance may ever attach to or be
         filed against the Collateral.

         INSPECTION OF COLLATERAL. Lender and Lender's designated
         representatives and agents shall have the right at all reasonable times
         to examine and inspect the Collateral wherever located.

         TAXES, ASSESSMENTS AND LIENS. Grantor will pay when due all taxes,
         assessments and liens upon the Collateral, its use or operation, upon
         this Agreement, upon any promissory note or notes evidencing the
         Indebtedness, or upon any of the other Related Documents. Grantor may
         withhold any such payment or may elect to contest any lien if Grantor
         is in good faith conducting an appropriate proceeding to contest the
         obligation to pay and so long as Lender's interest in the Collateral is
         not jeopardized in Lender's sole opinion. If the Collateral is
         subjected to a lien which is not discharged within fifteen (15) days,
         Grantor shall deposit with Lender cash, a sufficient corporate surety
         bond or other security satisfactory to Lender in an amount adequate to
         provide for the discharge of the lien plus any interest, costs,
         attorneys' fees or other charges that could accrue as a result of
         foreclosure or sale of the Collateral. In any contest Grantor shall
         defend itself and Lender and shall satisfy any final adverse judgment
         before enforcement against the Collateral. Grantor shall name Lender as
         an additional obligee under any surety bond furnished in the contest
         proceedings. Grantor further agrees to furnish Lender with evidence
         that such taxes, assessments, and governmental and other charges have
         been paid in full and in a timely manner. Grantor may withhold any such
         payment or may elect to contest any lien if Grantor is in good faith
         conducting an appropriate proceeding to contest the obligation to pay
         and so long as Lender's interest in the Collateral is not jeopardized,

         COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Grantor shall comply
         promptly with all laws, ordinances, rules and regulations of all
         governmental authorities, now or hereafter in effect, applicable to the
         ownership, production, disposition, or use of the Collateral. Grantor
         may contest in good faith any such law, ordinance or regulation and
         withhold compliance during any proceeding, including appropriate
         appeals, so long as Lender's interest in the Collateral, in Lender's
         opinion, is not jeopardized.

         MAINTENANCE OF CASUALTY INSURANCE. Grantor shall procure and maintain
         all risks insurance, including without limitation fire, theft and
         liability coverage together with such other insurance as Lender may
         require with respect to the Collateral, in form, amounts, coverages and
         basis reasonably acceptable to Lender and issued by a company or
         companies reasonably acceptable to Lender. Grantor, upon request of
         Lender, will deliver to Lender from time to time the policies or
         certificates of insurance in form satisfactory to Lender, including
         stipulations that coverages will not be cancelled or diminished without
         at least thirty (30) days' prior written notice to Lender and not
         including any disclaimer of the insurer's liability for failure to give
         such a notice. Each insurance policy also shall include an endorsement
         providing that coverage in favor of Lender will not be impaired in any
         way by any act, omission or default of Grantor or any other person. In
         connection with all policies covering assets in which Lender holds or
         is offered a security interest, Grantor will provide Lender with such
         loss payable or other endorsements as Lender may require. If Grantor at
         any time fails to obtain or maintain any insurance as required under
         this Agreement, Lender may

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         (but shall not be obligated to) obtain such insurance as Lender deems
         appropriate, including if Lender so chooses "single interest
         insurance," which will cover only Lender's interest in the Collateral.

         APPLICATION OF INSURANCE PROCEEDS. Grantor shall promptly notify Lender
         of any loss or damage to the Collateral Lender may make proof of loss
         if Grantor fails to do so within fifteen (15) days of the casualty. All
         proceeds of any insurance on the Collateral, including accrued proceeds
         thereon, shall be held by Lender as part of the Collateral. If Lender
         consents to repair or replacement of the damaged or destroyed
         Collateral, Lender shall, upon satisfactory proof of expenditure, pay
         or reimburse Grantor from the proceeds for the reasonable cost of
         repair or restoration. If Lender does not consent to repair or
         replacement of the Collateral, Lender shall retain a sufficient amount
         of the proceeds to pay all of the Indebtedness, and shall pay the
         balance to Grantor. Any proceeds which have not been disbursed within
         six (6) months after their receipt and which Grantor has not committed
         to the repair or restoration of the Collateral shall be used to prepay
         the Indebtedness.

         INSURANCE RESERVES. Lender may require Grantor to maintain with Lender
         reserves for payment of insurance premiums, which reserves shall be
         created by monthly payments from Grantor of a sum estimated by Lender
         to be sufficient to produce, at least fifteen (15) days before the
         premium due date, amounts at least equal to the insurance premiums to
         be paid. If fifteen (15) days before payment is due, the reserve funds
         are insufficient, Grantor shall upon demand pay any deficiency to
         Lender. The reserve funds shall be held by Lender as a general deposit
         and shall constitute a non-interest-bearing account which Lender may
         satisfy by payment of the insurance premiums required to be paid by
         Grantor as they become due. Lender does not hold the reserve funds in
         trust for Grantor, and Lender is not the agent of Grantor for payment
         of the insurance premiums required to be paid by Grantor. The
         responsibility for the payment of premiums shall remain Grantor's sole
         responsibility.

         INSURANCE REPORTS. Grantor, upon request of Lender, shall furnish to
         Lender reports on each existing policy of insurance showing such
         information as Lender may reasonably request including the following;
         (1) the name of the insurer; (2) the risks insured; (3) the amount of
         the policy; (4) the property insured; (5) the then current value on the
         basis of which insurance has been obtained and the manner of
         determining that value; and (6) the expiration date of the policy. In
         addition, Grantor shall upon request by Lender (however not more often
         than annually) have an independent appraiser satisfactory to Lender
         determine, as applicable, the cash value or replacement cost of the
         Collateral.

GRANTOR'S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS. Until default and except
as otherwise provided below with respect to accounts, Grantor may have
possession of the tangible personal property and beneficial use of all the
Collateral and may use it in any lawful manner not inconsistent with this
Agreement or the Related Documents, provided that Grantor's right to possession
and beneficial use shall not apply to any Collateral where possession of the
Collateral by Lender is required by law to perfect Lender's security interest in
such Collateral. Until otherwise notified by Lender, Grantor may collect any of
the Collateral consisting of accounts. At any time and even though no Event of
Default exists, Lender may exercise its rights to collect the accounts and to
notify account debtors to make payments directly to Lender for application to
the Indebtedness. If Lender at any time has possession of any Collateral,
whether before or after an Event of Default, Lender shall be deemed to have
exercised reasonable care in the custody and preservation of the Collateral if
Lender takes such action for that purpose as Grantor shall request or as

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Lender, in Lender's sole discretion, shall deem appropriate under the
circumstances, but failure to honor any request by Grantor shall not of itself
be deemed to be a failure to exercise reasonable care. Lender shall not be
required to take any steps necessary to preserve any rights in the Collateral
against prior parties, nor to protect, preserve or maintain any security
interest given to secure the Indebtedness.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Grantor fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Grantor's failure to discharge or pay when due any amounts
Grantor is required to discharge or pay under this Agreement or any Related
Documents, Lender on Grantor's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on the Collateral and paying all
costs for insuring, maintaining and preserving the Collateral All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses will become a part
of the Indebtedness and will be payable on demand. The Collateral also will
secure payment of these amounts. Such right shall be in addition to all other
rights and remedies to which Lender may be entitled upon Default.

REINSTATEMENT OF SECURITY INTEREST. If payment is made by Grantor, whether
voluntarily or otherwise, or by guarantor or by any third party, on the
Indebtedness and thereafter Lender is forced to remit the amount of that payment
(A) to Grantor's trustee in bankruptcy or to any similar person under
any federal or state bankruptcy law or law for the relief of debtors, (B) by
reason of any judgment, decree or order of any court or administrative body
having jurisdiction over Lender Or any of Lender's property, or (C) by reason of
any settlement or compromise of any claim made by Lender with any claimant
(including without, limitation Grantor), the Indebtedness shall be considered
unpaid for the purpose of enforcement of this Agreement and this Agreement shall
continue to be effective or shall be reinstated, as the case may be,
notwithstanding any cancellation of this Agreement or of any note or other
instrument or agreement evidencing the Indebtedness and the Collateral will
continue to secure the amount repaid or recovered to the same extent as if that
amount never had been originally received by Lender, and Grantor shall be bound
by any judgment, decree, order, settlement or compromise relating to the
Indebtedness or to this Agreement.

DEFAULT. Each of the following shall constitute an "Event of Default" under this
Agreement:

         PAYMENT DEFAULT. Grantor or Borrower fails to make any payment when due
         under the Indebtedness.

         OTHER DEFAULTS. Grantor or Borrower fails to comply with or to perform
         any other term, obligation, covenant or condition contained in this
         Agreement or in any of the Related Documents or to comply with or to
         perform any term, obligation, covenant or condition contained in any
         other agreement between Lender and Borrower or Grantor.

         FALSE STATEMENTS. Any warranty, representation or statement made or
         furnished to Lender by Grantor or on Grantor's behalf under this
         Agreement, the Note, or any related document is false or misleading in
         any material respect, either now or at the time made or furnished or
         becomes false or misleading at any time thereafter.

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         DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related
         Documents ceases to be in full force and effect (including failure of
         any collateral document to create a valid and perfected security
         interest or lien) at any time and for any reason.

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this
Agreement, at any time thereafter, Lender shall have all the rights of a secured
party under the Missouri Uniform Commercial Code. In addition and without
limitation, Lender may exercise any one or more of the following rights and
remedies;

         ACCELERATE INDEBTEDNESS. Lender may declare the entire Indebtedness,
         including any prepayment penalty which Grantor or Borrower would be
         required to pay, immediately due and payable, without notice of any
         kind to Grantor or Borrower.

         ASSEMBLE COLLATERAL. Lender may require Grantor to deliver to Lender
         all or any portion of the Collateral and any and all certificates of
         title and other documents relating to the Collateral. Lender may
         require Grantor to assemble the Collateral and make it available to
         Lender at a place to be designated by Lender. Lender also shall have
         full power to enter upon the property of Grantor to take possession of
         and remove the Collateral. If the Collateral contains other goods not
         covered by this Agreement at the time of repossession, Grantor agrees
         Lender may take such other goods, provided that Lender makes reasonable
         efforts to return them to Grantor after repossession.

         SELL THE COLLATERAL. Lender shall have full power to sell, lease,
         transfer, or otherwise deal with the Collateral or proceeds thereof in
         Lender's own name or that of Grantor. Lender may sell the Collateral at
         public auction or private sale. Unless the Collateral threatens to
         decline speedily in value or is of a type customarily sold on a
         recognized market, Lender will give Grantor reasonable notice of the
         time after which any private sale or any other intended disposition of
         the Collateral is to be made. The requirements of reasonable notice
         shall be met if such notice is given at least fifteen (15) days before
         the time of the sale or disposition. All expenses relating to the
         disposition of the Collateral, including without limitation the
         expenses of retaking, holding, insuring, preparing for sale and selling
         the Collateral, shall become a part of the Indebtedness secured by this
         Agreement and shall be payable on demand, with interest at the Note
         rate from date of expenditure until repaid.

         APPOINT RECEIVER. Lender shall have the right to have a receiver
         appointed to take possession of all or any part of the Collateral, with
         the power to protect and preserve the Collateral, to operate the
         Collateral preceding foreclosure or sale, and to collect the Rents from
         the Collateral and apply the proceeds, over and above the cost of the
         receivership, against the Indebtedness. The receiver may serve without
         bond if permitted by law. Lender's right to the appointment of a
         receiver shall exist whether or not the apparent value of the
         Collateral exceeds the Indebtedness by a substantial amount. Employment
         by Lender shall not disqualify a person from serving as a receiver.

         COLLECT REVENUES, APPLY ACCOUNTS. Lender, either itself or through a
         receiver, may collect the payments, rents, income, and revenues from
         the Collateral. Lender may at any time in Lender's discretion transfer
         any Collateral into Lender's own name or that of Lender's nominee and
         receive the payments, rents, income, and revenues therefrom and hold
         the same as security for the Indebtedness or apply it to payment of the
         Indebtedness in such order of preference as Lender may determine.
         Insofar as the Collateral consists of accounts, general intangibles,
         insurance policies,

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         instruments, chattel paper, choses in action, or similar property,
         Lender may demand, collect, receipt for, settle, compromise, adjust,
         sue for, foreclose, or realize on the Collateral as Lender may
         determine, whether or not Indebtedness or Collateral is then due. For
         these purposes, Lender may, on behalf of and in the name of Grantor,
         receive, open and dispose of mail addressed to Grantor change any
         address to which mail and payments are to be sent; and endorse notes,
         checks, drafts, money orders, documents of title, instruments and items
         pertaining to payment, shipment, or storage of any Collateral. To
         facilitate collection, Lender may notify account debtors and obligors
         on any Collateral to make payments directly to Lender.

         OBTAIN DEFICIENCY. If Lender chooses to sell any or all of the
         Collateral, Lender may obtain a judgment against Grantor for any
         deficiency remaining on the Indebtedness due to Lender after
         application of all amounts received from the exercise of the rights
         provided in this Agreement. Grantor shall be liable for a deficiency
         even if the transaction described in this subsection is a sale of
         accounts or chattel paper.

         OTHER RIGHTS AND REMEDIES. Lender shall have all the rights and
         remedies of a secured creditor under the provisions of the Uniform
         Commercial Code, as may be amended from time to time. In addition,
         Lender shall have and may exercise any or all other rights and remedies
         it may have available at law, in equity, or otherwise.

         ELECTION OF REMEDIES. Except as may be prohibited by applicable law,
         all of Lender's rights and remedies, whether evidenced by this
         Agreement, the Related Documents, or by any other writing, shall be
         cumulative and may be exercised singularly or concurrently. Election by
         Lender to pursue any remedy will not bar any other remedy, and an
         election to make expenditures or to take action to perform an
         obligation of Grantor under this Agreement, after Grantor's failure to
         perform, shall not affect Lender's right to declare a default and
         exercise its remedies.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Agreement;

         AMENDMENTS. This Agreement, together with any Related Documents,
         constitutes the entire understanding and agreement of the parties as to
         the matters set forth in this Agreement. No alteration of or amendment
         to this Agreement shall be effective unless given in writing and signed
         by the party or parties sought to be charged or bound by the alteration
         or amendment.

         ATTORNEYS' FEES; EXPENSES. Grantor agrees to pay upon demand all of
         Lender's costs and expenses, including Lender's attorneys' fees and
         Lender's legal expenses, incurred in connection with the enforcement of
         this Agreement. Lender may hire or pay someone else to help enforce
         this Agreement, and Grantor shall pay the costs and expenses of such
         enforcement. Costs and expenses include Lender's attorneys' fees and
         legal expenses whether or not there is a lawsuit, including attorneys'
         fees and legal expenses for bankruptcy proceedings (including efforts
         to modify or vacate any automatic stay or injunction), and appeals.
         Grantor also shall pay all court costs and such additional fees as may
         be directed by the court.

         CAPTION HEADINGS. Caption headings in this Agreement are for
         convenience purposes only and are not to be used to interpret or define
         the provisions of this Agreement.

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         GOVERNING LAW. This Agreement will be governed by, construed and
         enforced in accordance with federal law and the laws of the State of
         Missouri. This Agreement has been accepted by Lender in the State of
         Missouri.

         NO WAIVER BY LENDER. Lender shall not be deemed to have waived any
         rights under this Agreement unless such waiver is given in writing and
         signed by Lender. No delay or omission on the part of Lender in
         exercising any right shall operate as a waiver of such right or any
         other right. A waiver by Lender of a provision of this Agreement shall
         not prejudice or constitute a waiver of Lender's right otherwise to
         demand strict compliance with that provision or any other provision of
         this Agreement. No prior waiver by Lender, nor any course of dealing
         between Lender and Grantor, shall constitute a waiver of any of
         Lender's rights or of any of Grantor's obligations as to any future
         transactions. Whenever the consent of Lender is required under this
         Agreement, the granting of such consent by Lender in any instance shall
         not constitute continuing consent to subsequent instances where such
         consent is required and in all cases such consent may be granted or
         withheld in the sole discretion of Lender.

         NOTICES. Any notice required to be given under this Agreement shall be
         given in writing, and shall be effective when actually delivered, when
         actually received by telefacsimile (unless otherwise required by law),
         when deposited with a nationally recognized overnight courier, or, if
         mailed, when deposited in the United States mail, as first class,
         certified or registered mail postage prepaid, directed to the addresses
         shown near the beginning of this Agreement. Any party may change its
         address for notices under this Agreement by giving formal written
         notice to the other parties, specifying that the purpose of the notice
         is to change the party's address. For notice purposes, Grantor agrees
         to keep Lender informed at all times of Grantor's current address.
         Unless otherwise provided or required by law, if there is more than one
         Grantor, any notice given by Lender to any Grantor is deemed to be
         notice given to all Grantors.

         POWER OF ATTORNEY. Grantor hereby appoints Lender as Grantor's
         irrevocable attorney-in-fact for the purpose of executing any documents
         necessary to perfect or to continue the security interest granted in
         this Agreement. Lender may at any time, and without further
         authorization from Grantor, file a carbon, photographic or other
         reproduction of any financing statement or of this Agreement for use as
         a financing statement. Grantor will reimburse Lender for all expenses
         for the perfection and the continuation of the perfection of Lender's
         security interest in the Collateral.

         SEVERABILITY. If a court of competent jurisdiction finds any provision
         of this Agreement to be illegal, invalid, or unenforceable as to any
         circumstance, that finding shall not make the offending provision
         illegal, invalid, or unenforceable as to any other circumstance. If
         feasible, the offending provision shall be considered modified so that
         it becomes legal, valid and enforceable. If the offending provision
         cannot be so modified, it shall be considered deleted from this
         Agreement. Unless otherwise required by law, the illegality,
         invalidity, or unenforceability of any provision of this Agreement
         shall not affect the legality, validity or enforceability of any other
         provision of this Agreement.

         SUCCESSORS AND ASSIGNS. Subject to any limitations stated in this
         Agreement on transfer of Grantor's interest, this Agreement shall be
         binding upon and inure to the benefit of the parties, their successors
         and assigns. If ownership of the Collateral becomes vested in a person
         other than Grantor, Lender, without notice to Grantor, may deal with
         Grantor's successors with reference to

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         this Agreement and the Indebtedness by way of forbearance or extension
         without releasing Grantor from the obligations of this Agreement or
         liability under the Indebtedness.

         SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations,
         warranties, and agreements made by Grantor in this Agreement shall
         survive the execution and delivery of this Agreement, shall be
         continuing in nature, and shall remain in full force and effect until
         such time as Grantor's Indebtedness shall be paid in full.

         TIME IS OF THE ESSENCE. Time is of the essence in the performance of
         this Agreement.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Agreement. Unless specifically stated to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the plural, and the plural shall include the singular, as the context may
require. Words and terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code:

         ACCOUNT. The word "Account" means a trade account, account receivable,
         other receivable, or other right to payment for goods sold or services
         rendered owing to Grantor (or to a third party grantor acceptable to
         Lender).

         AGREEMENT. The word "Agreement" means this Security Agreement, as this
         Security Agreement may be amended or modified from time to time,
         together with all exhibits and schedules attached to this Commercial
         Security Agreement from time to time.

         INDEBTEDNESS. The word "Indebtedness" means and includes without
         limitation all indebtedness evidenced by the Note or Related Documents,
         together with all other obligations, debts and liabilities of Borrower
         to Lender, as well as all claims by Lender against Borrower, whether
         now or hereafter existing, voluntary or involuntary, due or not due,
         absolute or contingent, liquidated or unliquidated; whether Borrower
         may be liable individually or jointly with others; whether Borrower may
         be obligated as a guarantor, surety, or otherwise; whether recovery
         upon such Indebtedness may be or hereafter may become barred by any
         statute of limitations; and whether such Indebtedness may be or
         hereafter may become otherwise enforceable.

         NOTE. The word "Note" means that certain Promissory Note dated_______,
         2003 in the original principal amount of $385,000 from Borrower to
         Lender, together with all renewals of, extensions of, modifications of,
         refinancings of, consolidations of, and substitutions for such
         promissory notes.

         RELATED DOCUMENTS. The words "Related Documents" mean all promissory
         notes, credit agreements, loan agreements, environmental agreements,
         guaranties, security agreements, mortgages, deeds of trust, security
         deeds, collateral mortgages, and all other instruments, agreements and
         documents, whether now or hereafter existing, executed in connection
         with the Indebtedness.

GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY
AGREEMENT AND AGREES TO ITS TERMS.

                                       9
<PAGE>

GRANTOR:

THIRD MILLENIUM INDUSTRIES, INC.

By: /s/ Dennis N. Depevest
    ---------------------------
Name : DENNIS N. DEPEVEST
Title: PRESIDENT

LENDER:

/s/ William P. Moore
-------------------------------
William P. Moore, III, as Trustee of the
William P. Moore III Revocable Trust
dated October 9, 2001

                                       10Exhibit 10.6

THIS PROMISSORY NOTE AND THE UNDERLYING COMMON STOCK ("COMMON STOCK") OF THIRD
MILLENNIUM INDUSTRIES, INC. (THE "COMPANY") HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND ANY REGULATIONS PROMULGATED THEREUNDER
(COLLECTIVELY, THE "SECURITIES ACT") OR WITH THE SECURITIES AUTHORITIES OF ANY
STATE UNDER ANY STATE SECURITIES LAWS AND ANY REGULATIONS PROMULGATED THEREUNDER
(COLLECTIVELY, "STATE SECURITIES LAWS"). AS A CONSEQUENCE, NEITHER THIS
PROMISSORY NOTE NOR COMMON STOCK MAY BE SOLD, TRANSFERRED, ASSIGNED, MORTGAGED,
PLEDGED, LIENED, HYPOTHECATED OR OTHERWISE ENCUMBERED OR DISPOSED OF
(COLLECTIVELY, A "TRANSFER") EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH REGISTRATION IS NOT
REQUIRED.

                                18% CONVERTIBLE
                                PROMISSORY NOTE

$165,000.00                                                Springfield, Missouri
                                                                    Aug, 1, 2003

FOR VALUE RECEIVED, Third Millennium Industries, Inc., a Nevada corporation with
an office at 4933 HWY 60, Rogersville, MO 65742, including its successors and
assigns, ("Borrower"), hereby promises to pay to the order of Philip E. Tearney
("Lender"), the principal sum of One Hundred Sixty-Five Thousand Dollars
($165,000) (the "Principal Amount"), with interest on any unpaid balance of such
amount at the rate of interest specified herein, in lawful money of the United
States of America and in immediately available funds in accordance with the
terms hereof. The unpaid Principal Amount of this 18% Convertible Promissory
Note (this "Note"), together with all accrued and unpaid interest hereunder,
shall be due and payable on the Maturity Date (as defined below), unless this
Note is prepaid in accordance with Section 3 hereof or converted in accordance
with Section 4 hereof. This Note evidences a loan (the "Loan") made by Lender to
Borrower in the Principal Amount.

1.       Definitions.

         1.1.     Certain Defined Terms. As used in this Note, the following
terms have the meanings indicated below:

         "Business Day" means a day other than Saturday, Sunday or other day on
which commercial banks in Springfield, Missouri are authorized or required by
law or executive order to close.

         "Common Stock" means the $0.001 par value common stock of Borrower.

<PAGE>

         "Conversion Price" means Seventy-five cents ($.75) per share of Common
Stock subject to adjustment as provided in Section 4.

         "Default" means any event which, with the passage of time or the giving
of notice, or both, could become an Event of Default.

         "Default Rate" means a rate of interest equal to the Stated Interest
Rate plus three (3) percentage points per annum.

         "Disbursement Date" means the date that the proceeds of this note are
paid by Lender to Borrower.

         "Dollars" or "$" mean lawful currency of the United States of America
and, in relation to any amount to be disbursed or paid under this Note,
immediately available funds or such other funds as may be acceptable to Lender
in its sole discretion.

         "Event of Default" has the meaning set forth in subsection 6.1.

         "Indebtedness" of any Person means as of the date of any determination
thereof, (i) all indebtedness for borrowed money or purchase money financing,
(ii) all indebtedness evidenced by a note, bond, debenture or similar instrument
(but only to the extent actually disbursed), (iii) the face amount of all
letters of credit and, without duplication, all unreimbursed amounts drawn
thereunder, (iv) all payment obligations under any interest rate protection
agreements and currency swaps and similar agreements, (v) all indebtedness under
capitalized leases, (vi) all obligations to pay money or assume indebtedness in
respect of the acquisition of property, securities and other assets, (vii) all
obligations in respect of guaranties, (viii) all obligations to purchase,
repurchase or otherwise acquire, to supply or advance funds or to become liable
(directly or indirectly) with respect to any indebtedness or obligation of any
Person and (ix) all refundings, renewals, extensions or restatements of any of
the foregoing.

         "Maturity Date" is defined in Section 2.2.

         "Person" means an individual, a corporation, an association, a joint
stock company, a business trust, a partnership, a joint venture, a limited
liability company, an unincorporated organization, or a government or any agency
or political subdivision thereof.

         "Securities Act" means, collectively, the Securities Act of 1933, as
amended, and any regulations promulgated thereunder.

         "State Securities Act" means, collectively, the securities law of any
State that is applicable to this Note or the Common Stock and any regulations
promulgated thereunder.

         "Stated Interest Rate" means simple interest at the rate of eighteen
percent (18%) per annum.

         "Taxes" means any and all present and future taxes, levies, imposts,
duties, fees, deductions, withholdings or charges of a similar nature imposed or
assessed by any country or any political subdivision or taxing authority thereof
(but not including any income or franchise taxes of Lender), together with any
interest thereon and any penalties with respect thereto.

                                       -2-
<PAGE>

         1.2.     Computation of Time Periods. Unless otherwise provided herein,
with respect to the computation of periods of time from a specified date to a
later specified date herein, the word "from" means "from and including" and each
of the words "to" and "until" means "to but excluding".

         1.3.     Dollar Amounts. All dollar amounts used herein shall mean
Dollars.

         1.4.     Construction. In this Note, the singular includes the plural,
the plural includes the singular, and the word "or" is used in the inclusive
sense.

2.       The Loan.

         2.1.     Use of Loan Proceeds. The proceeds of the Loan shall be used
for the general working capital needs of Borrower and the payment of debt.

         2.2.     Maturity Date. The Maturity Date for the Loan shall be (i) the
first business day after the expiration of 180 days from the Distribution Date,
(ii) such other date as the Principal Amount shall become due and payable
pursuant to the terms and provisions of this Note or shall have been prepaid or
converted in full in accordance with the provisions hereof; provided, however,
Borrower may extend the Maturity Date at any time with the prior written consent
of Lender.

3.       Payments.

         3.1.     Funding Fee. Upon receipt by Borrower of the proceeds of this
note, Borrower shall issue to Lender stock certificate(s) for 40,000 shares of
Common Stock, provided however, Lender shall furnish any appropriate
endorsements and transfer documents reasonably requested by Borrower.

         3.2.     Payment of Interest.

                  3.2.1.   Interest Rate: Interest Payment. Interest shall
accrue on any unpaid balance of the outstanding Principal Amount at the Stated
Interest Rate: (a) from and including the Disbursement Date through the Maturity
Date, and (b) shall be due and payable on the Maturity Date. All interest and
fees accruing under the Note shall be computed on the basis of a 360-day year
and the actual number of days elapsed.

                  3.2.2.   Default Interest. Notwithstanding anything to the
contrary contained in this Note, if Borrower shall fail to make any payment when
due of principal, interest or any other amount owing under this Note, then such
principal, interest or other amount shall accrue interest thereon at a rate
equal to the Default Rate to the fullest extent permitted by law from the date
such payment was due until payment in full of the amount overdue plus such
interest thereon.

                  3.2.3.   Maximum Interest. Anything in this Note to the
contrary notwithstanding, the interest rate on the Loan shall in no event be in
excess of any maximum interest rate permitted by applicable law; provided,
however, that, to the extent permitted by applicable law, in the event that
interest is not collected as a result of the operation of this subsection and
interest thereafter payable pursuant to this Note shall be less than such
maximum amount, then such interest thereafter payable shall be increased up to
such maximum amount to the extent necessary to recover the amount of interest,
if any, theretofore uncollected as a result of the operation of this subsection.

                                       -3-
<PAGE>

In determining whether or not any interest payable under this Note exceeds the
maximum rate permitted by applicable law, any non-principal payment, except
payments specifically stated to be "interest", shall be deemed, to the extent
permitted by applicable law, to be a fee, expense reimbursement or penalty,
rather than interest.

         3.3.     Payments of Principal.

                  3.3.1.   Maturity. Subject to subsection 3.6 hereof, the
unpaid balance of the Principal Amount, together with all accrued and unpaid
interest, and all other amounts payable under the Note, shall be due and payable
in full on the Maturity Date.

                  3.3.2.   Prepayment. Subject to subsection 3.6 hereof, (i)
Borrower may at any time prior to the Maturity Date prepay all or any portion of
the Principal Amount without penalty, upon ten (10) days advance notice to
Lender specifying the date and amount of such repayment; and (ii) Borrower's
notice of prepayment, once given, shall obligate Borrower either (a) to make the
prepayment on the date specified therein or (b) pay Lender's reasonable
out-of-pocket costs and damages incurred as a result of Borrower's failure to
make such prepayment on the date specified for such prepayment.

         3.4.     Manner of Payments. Each payment of principal of and interest
on this Note shall be made by check of Borrower or by transferring the amount
thereof in Dollars in immediately available funds via the Fedwire or intra-bank
account transfer, not later than 5:00 p.m., Springfield, Missouri time, on the
date on which such payment shall be due. Each such payment shall be made without
setoff, offset, deduction or counterclaim.

         3.5.     Extension of Payments. If any payment from Borrower to Lender
under this Note shall become due on a day which is not a Business Day, the due
date thereof shall be extended to the next following day which is a Business Day
and such additional time shall be included in the computation of interest.

         3.6.     Application of Payments. Lender shall have the absolute right
to determine the order in which payments received by Lender under this Note
shall be applied to the amounts which are then due and payable under the Note,
regardless of any application designated by Borrower; provided, however, that,
unless and until the occurrence of an Event of Default hereunder, all payments,
including, without limitation, all prepayments, shall be applied first against
any fees or expenses due and payable to Lender under this Note, second, to the
payment of delinquency or late charges, third, to interest due and payable on
the Loan, and fourth to repay the Principal Amount.

         3.7.     Optional Conversion of Note and Notice Thereof. Anything
contained in this Section 3 to the contrary notwithstanding, in the event that
Borrower shall give Lender notice of prepayment, Lender may, within five (5)
Business Days following the giving of such notice, elect to convert the entire
unpaid Principal Amount of this Note and any accrued interest outstanding
pursuant to Section 4 hereof.

4.       Conversion.

         4.1.     Conversion Privilege. Prior to 180 days after the Distribution
Date, Lender may, subject to subsection 3.7 hereof, at any time convert all or

                                       -4-
<PAGE>

part of the Principal Amount plus any accrued interest, into Common Stock (a
"Third Millennium Industries, Inc. Common Stock Conversion"). The number of
shares of Common Stock issuable upon a Third Millennium Industries, Inc. Common
Stock Conversion shall be determined as follows: Divide the Principal Amount and
accrued interest to be converted by the Conversion Price in effect as of the
date of such Third Millennium Industries, Inc. Common Stock Conversion. Borrower
will deliver to a holder so converting a check in payment for any fractional
share of Common Stock.

         4.2.     Conversion Procedure. To effect any Third Millennium
Industries, Inc. Common Stock Conversion, Lender shall (i) provide Borrower with
five (5) business days advance written notice to Borrower specifying the date
and amount of such conversion, (ii) furnish any appropriate endorsements and
transfer documents reasonably requested by Borrower, (iii) repay any of the
Principal Amount prepaid by Borrower and (iv) deliver an investment
representation letter to Borrower in substantially the same form as that
delivered in connection with Lender's acquisition of this Note.

         4.3.     Adjustment for Change in Common Stock. If Borrower:

                  (i)      pays a dividend or makes a distribution on its Common
Stock in Common Stock;

                  (ii)     subdivides its outstanding Common Stock into a
greater number of Common Stock;

                  (iii)    combines its outstanding Common Stock into a smaller
number of Common Stock;

                  (iv)     makes a distribution on its Common Stock in property
other than cash;

                  (v)      issues by reclassification of its Common Stock any
additional Common Stock; or

                  (vi)     Borrower grants rights or warrants to all holders of
Common Stock entitling them to subscribe for or purchase Common Stock at a price
less than the Conversion Price; or

                  (vii)    Borrower is acquired by another corporation in
exchange for shares of that corporation's stock;

then the conversion privilege and the Conversion Price in effect immediately
prior to such action shall be adjusted so that Lender thereafter may receive the
number of shares of Common Stock which Lender would have owned immediately
following such action if Lender had converted the Loan immediately prior to such
action.

         The adjustment shall become effective immediately after the record date
in the case of a dividend or distribution and immediately after the effective
date in the case of a subdivision, combination, reclassification, grant of
rights or warrants or acquisition.

         If after an adjustment Lender upon any such conversion receives
securities of two or more series or classes of securities of Borrower, Borrower
shall determine the allocation of the adjusted Conversion Price between the
series or classes of securities. After such allocation, the conversion

                                       -5-
<PAGE>

privilege and the Conversion Price of each series or class of Common Stock shall
thereafter be subject to adjustment on terms comparable to those applicable to
Common Stock in this Section 4.

         Nothing in this Section 4 shall cause an adjustment to be made in the
event of the issuance of additional common stock for the purpose of any
acquisition of additional financing, entities owned by unrelated third parties
or assets to be used by Borrower for its business purposes.

         4.4.     Adjustment. All calculations under this Section 4 shall be
made to the nearest cent or to the nearest 1/100th of a Common Stock, as the
case may be.

         4.5.     When No Adjustment Required. No adjustment need be made for a
transaction referred to in subsection 4.3 if Lender is to participate in the
transaction on a basis and with notice that Borrower determines to be fair and
appropriate in light of the basis and notice on which holders of Common Stock
participate in the transaction.

         No adjustment need be made for rights to purchase Common Stock pursuant
to a plan for reinvestment of dividends or interest.

         4.6.     Notice of Adjustment. Whenever the Conversion Price is
adjusted Borrower shall promptly mail to Lender a notice of the adjustment.

         4.7.     Voluntary Reduction. Borrower from time to time may reduce the
Conversion Price by any amount for any period of time if the period is at least
twenty (20) days and if the reduction is irrevocable during the period.

         Whenever the Conversion Price is reduced. Borrower shall mail to Lender
a notice of the reduction. Borrower shall mail the notice at least fifteen (15)
days before the date the reduced Conversion Price takes effect. The notice shall
state the reduced Conversion Price and the period it will be in effect.

         A reduction of the Conversion Price does not change or adjust the
Conversion Price otherwise in effect for purposes of subsection 4.4.

         4.8.     Borrower's Determination Final. Any reasonable determination
that Borrower must make pursuant to subsections 4.4, 4.5, 4.6 or 4.8 is
conclusive.

5.       Defaults,

         5.1.     Events of Default. The occurrence of any one or more of
following shall constitute an "Event of Default."

                  5.1.1. Borrower shall fail to pay any interest or principal
under this Note when due, whether at maturity, by acceleration or otherwise.

                  5.1.2. Borrower shall fail to pay any other amount (whether
fees, Taxes or otherwise) payable to Lender or any other party under or as
required by this Note within ten (10) business days after demand therefor or
receipt of notice that such amount was due, whether at maturity, by acceleration
or otherwise.

                                       -6-
<PAGE>

                  5.1.3. Borrower shall fail to perform or observe any material
obligations, covenants, terms, agreements or undertakings contained in this Note
(other than obligations, covenants, terms, agreements or undertakings set forth
in subsections 5.1.1 and 5.1.2), and such default shall continue unremedied for
a period of thirty (30) days after notice of such default is delivered by Lender
to Borrower; provided, however, that if Borrower commences to cure such default
during such thirty (30) day period but such default is not susceptible to cure
within such thirty (30) day period, such thirty (30) day period shall be
extended so long as Borrower is at all times diligently pursuing the cure
thereof.

6.       Remedies After Default. Upon maturity of this Note and/or the failure
to pay the Principal Amount, interest or any other sums due hereunder after the
expiration of any applicable notice and/or cure period and/or the occurrence of
any other Event of Default, Lender may, at its option, exercise all rights and
remedies to which it may be entitled under this Note at law or in equity,
including, without limitation, the right to declare the Principal Amount, all
interest thereon and all other amounts payable under this Note to be immediately
due and payable.

7.       General Provisions.

         7.1.     Assignment. This Note is a continuing obligation and shall be
binding upon and shall inure to the benefit of Borrower, Lender and their
respective successors and assigns. Notwithstanding the preceding sentence,
Lender may not sell, transfer, assign, mortgage, pledge, lien, hypothecate or
otherwise encumber or dispose of this Note or any Common Stock into which this
Note is convertible, except pursuant to the terms, provisions and conditions of
this Note.

         7.2.     Costs; Expenses. Borrower agrees to pay on demand all
reasonable costs and expenses, if any (including, without limitation, reasonable
fees and expenses of counsel of and for Lender) in connection with the
amendment, modification, extension, or enforcement of this Note and any other
documents to be delivered hereunder.

         7.3.     Severability. Every provision of this Note is intended to be
severable, and if any term or provision hereof shall be invalid, illegal, or
unenforceable for any reason, the validity, legality, and enforceability of the
remaining provisions hereof shall not be affected or impaired thereby, and any
invalidity, illegality, or unenforceability in any jurisdiction shall not affect
the validity, legality, or enforceability of any such term or provision in any
other jurisdiction.

         7.4.     Governing Law. This Note shall be governed by, and construed
in accordance with, the laws of the State of Missouri without regard to the
principles of conflicts of laws.

         7.5.     Entire Agreement. This Note and any other documents executed
in connection herewith and therewith contain the entire understanding of and
supersede all prior representations, warranties, agreements, arrangements,
understandings and negotiations, written and oral, between Lender and Borrower
with respect to the subject matter hereof and shall not be modified except in
writing executed by the parties hereto.

         7.6.     Waivers. Borrower waives presentment, demand for payment,
notice of dishonor and any or all notices or demands (other than any notices or
demands which cannot be waived by operation of law) in connection with the
delivery, acceptance, performance, default or enforcement of this Note and
consents to any or all delays, extensions of time, renewals, release of any

                                       -7-
<PAGE>

party, and of any available security therefor, and any and all waivers that may
be granted or consented to by Lender with regard to the time of payment or with
respect to any other provision of this Note, and agrees that no such action,
delay or failure to act on the part of Lender shall be construed as a waiver by
Lender of, or otherwise affect, in whole or in part, its right to avail itself
of any remedy with respect thereto.

         7.7.     Amendment; Waiver. No amendment, modification or waiver of any
provision of this Note, and no consent to any departure by Borrower therefrom,
shall in any event be effective unless the same be in writing and signed by
Lender and Borrower. Any waiver of any provision of this Note, and any consent
to any departure by Borrower or Lender therefrom, shall be effective only in the
specific instance and for the specific purpose for which given. Neither failure
nor delay on the part of Lender to exercise any right, power or remedy hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, power or remedy hereunder preclude any other or further exercise
thereof or the exercise of any right, power or remedy. No notice to or demand on
Borrower in any case shall entitle Borrower to any other or further notice or
demand in similar or other circumstances. The rights herein provided are
cumulative and not exclusive of any rights provided by law.

         7.8.     Notices, Etc. All notices, approvals, demands, consents and
other communications ("notices") provided for or otherwise given hereunder shall
be in the English language, in writing, and shall have been duly given and shall
be effective (i) when delivered, (ii) when transmitted via telecopy with
electronic confirmation to the numbers set forth below, (iii) the day following
the day on which the same has been delivered prepaid to a reputable national
overnight courier service or (iv) the third Business Day following the day on
which the same is sent by certified or registered mail, postage prepaid and
return receipt requested, as follows:

                  To Borrower:      Dennis K. DePriest, President
                                    Third Millennium Industries, Inc.
                                    4933 HWY 60
                                    Rogersville, MO 65742

                  To Lender:
                                    Philip E. Tearney
                                    10801 Mastin, Suite 920
                                    Overland Park KS 66210

or, as to each party, at such other address or telecopier number as shall be
designated by such party in a written notice to the other party. All such
notices shall be effective as set forth above and shall be effective against the
party to which it is sent irrespective of whether copies have been sent to other
parties.

         7.9.     Headings. The headings contained in this Note are for
convenience of reference only and shall not affect the construction hereof.

         7.10.    Drafting. Borrower acknowledges that Borrower and Lender and
their respective counsel have reviewed and revised this Note, and Borrower

                                       -8-
<PAGE>

agrees that any rule of construction to the effect that ambiguities are to be
resolved against the drafting party shall not apply in the interpretation of any
of this Note.

         7.11.    No Third Party Beneficiaries. Nothing in this Note shall
confer upon any Person, other than the parties hereto and their respective
successors and permitted assigns, any rights or remedies under or by reason of
this Note.

         7.12.    Non-Recourse. Notwithstanding anything to the contrary
contained in this Note, no individual member, partner, officer, or director of
Borrower or the manager or managers of Borrower shall have any personal
liability for the obligations of Borrower hereunder, but, rather, the terms,
covenants, provisions and obligations contained in this Note as made are only
intended to bind Borrower and the assets of Borrower as the same may exist from
time to time. The foregoing shall not diminish or release any of the obligations
of Borrower hereunder.

         7.13.    Investment Representation Letter. In connection with its
acquisition of this Note and the Common Stock in connection herewith or upon
conversion hereof, Lenders shall execute and deliver to Borrower an Investment
Representation Letter in substantially the same form as that attached hereto as
Exhibit "A".

         IN WITNESS WHEREOF, Borrower has executed this Note as of the date
first above written.

                                             Third Millennium Industries, Inc.,
                                             a Nevada corporation

                                             By: /s/ Dennis DePriest
                                                 -------------------------------

                                             Its: PRESIDENT

ACCEPTED, ACKNOWLEDGED AND
AGREED THIS 1st DAY
OF AUGUST, 2003

/s/ Philip E. Tearney
---------------------------
Philip E. Tearney

                                       -9-

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