EL DORADO DRY LAKE BED, Nevada USA -- In an agreement negotiated between Frank Kosdon and Bruce Kelly (on behalf of Tripoli Rocketry Assn (TRA) pending approval of the Tripoli Board of Directors) The following agreements were made:

1. Frank Kosdon returns to the Tripoli Rocketry Association as a Member in Good Standing.
2. Frank Kosdon acknowledges he was selling motors at the November ROC Launch. This was in violation of an agreement between Frank Kosdon and TRA. Frank ensures the TRA that he will not sell motors at TRA Sanctioned Launches until his motors are certified by the TRA.
3. Both parties agree that Frank Kosdon had a valid waiver for his January 2002 launch. But, there may have been confusion on how 2 valid waivers affect each other. The 2 valid waivers were that of Frank Kosdon and ROC.
4. A copy of this agreement will be posted on the Web Pages of both TRA and Shadow Composites.

//signed by:

Frank Kosdon
Bruce Kelly BOD

As witnessed by:

Gary Rosenfield
Robin Meredith BOD
Mark Clark Prefect
Ron Weigel Prefect
Kevin Harness Prefect
Tom Blazanin
Tracy "Woody" Wood