Exhibit 10.10Us Electricar Inc • October 29th, 1999 • Motor vehicles & passenger car bodies
Company FiledOctober 29th, 1999 IndustryI, Carl D. Perry, an individual am the holder of three Promissiory Notes, dated December 26, 1996, February 21, 1997 and June 30, 1996 respectively in the amounts of $900,000, $400,000, and $3,000,000. As of the date of this Agreement, said Notes are in default. Without any consideration, I do hereby resolve to forgive the sum total of $2,693,506 in accrued interest and principal with respect to the aforementioned Notes payable from U.S. Electricar, Inc.