EX-10
from SB-2/A
1 page
February 28, 2001 Mr. Victor I.H.SUN, P.ENG Avic Technologies Ltd. 445, Rue Saint-Francois-Xavier Montreal, Quebec H2y 2t1 Canada Ref: Letter of Intent: Sino-Canadian Fiberglass Project. Dear Mr. Sun: Confirming Our Telephone Conversation Last Week, Regarding Your Fiberglass Window Joint Venture Project in China. This Letter Is to Confirm That Wise Creation Technology Limited Is Interested in Pursuing Equity Participation With Avic Technologies Ltd. for the Shenzhen, China Project. After Reviewing Your Feasibility Study Report, We Have Concluded That We Will Be Interested to Provide an Equity Investment in the Form of Cash Contribution Between Usd240,000.00 to Usd360,000 at US$0.12 Per Share of Avic's Common Stock. We Are Prepared to Sign a Binding Subscription Agreement Once Your Company Stock Has Been Accepted for Listing in Any of Nasd's Quotation Systems. Before We Can Provide the Final Equity Into This Project, We Would Like to Receive the Following Document or Information: 1. Avic Technologies Ltd. Latest Financial Statement 2. the Shenzhen Project Final Joint Venture Contract I Look Forward to Receive the Above Documents From You Soon. Yours Truly, Matthew K.M. Chan CEO & Director
12/34/56
EX-10
from SB-2/A
1 page
Huacheng NAV&COM Corp. 3f, 4 Chengfu Road, Beijing 100083, P.R. China Tel: (86-10) 6232 2448 Fax: (86-10) 6231 1434 January 18, 2000 Annette Shaw Avic Technologies Ltd. 445, Rue Saint-Francois-Xavier Montreal, Quebec, Canada H2y 2t1 Ref: Fiberglass Joint Venture Project Dear Annette: It Was Very Enjoyable Meeting With You and Mr. Chan Over the Wonderful Dinner in Beijing Last December. We Hope That We Will Have Another Opportunity to Meet in Montreal Some Time Soon. We Reviewed the Feasibility Study Report for Your Fiberglass Project. Based on Our Preliminary Study of the Report, It Appears That This Project Has Good Potential. This Letter Serves as Confirmation That Huacheng Navcom Corp. Is Interested in Pursuing Further Discussions to See How We Could Participate in the Fiberglass Window Frame Project in Shenzhen, China. in the Event That We Participate in This Project, We Could Make Various Contributions, Which Could Include the Following: - Provide Cash Either Indirectly Through an Equity Position in Avic, or Directly Into Any Jv Company. - Provide Local Public Relations and All Licensing Services. - Provide Local Manpower Training and Development. Before We Can Proceed, We Would Like to Receive the Following Documents: - Your Company's Latest Financial Statement. - Your Company's Detailed Business Plan. <page> While Participation in This Project Is of Interest to US, the Size of Our Investment Is Largely Depended on the Terms and Conditions Agreed To. Nevertheless, Our Company's Investment Philosophy Is to Invest No More Than 35% of Any Building Material Related Project. I Trust This Would Acceptable to Your Company. We Look Forward to Receiving the Above Documents and Hope That We Can Get Together Soon to Discuss Further Cooperation in This Project. Sincerely Yours, Wang Xiangyuan CEO of Huacheng NAV&COM
12/34/56
EX-10
from SB-2/A
1 page
Proneq Inc. January 11, 2000 Mr. Victor I.H. Sun, P.ENG Avic Technologies Ltd. 445, Rue Saint-Francois-Xavier Montreal, Quebec H2y 2t1 Ref: 006-2000: Sino-Canadian Fiberglass Project. Dear Mr. Sun: Confirming Our Telephone Conversation Last Week, Regarding the Sino-Canadian Fiberglass Window Joint Venture Project. This Letter Is to Confirm That S&C Proneq Inc. Is Interested in Pursuing Some Form of Equity Investment With Avic Technologies Ltd. for the Shenzhen, Guangdong, China Project. After Reviewing Your Feasibility Study Report, We Have Concluded That There Are Many Questions That Remain to Be Answered, but We Will Be Interested to Provide an Equity Investment in the Size of Cash Contribution Between Usd250,000.00 to Usd350,000.00 Depending on Our Final Due Diligence Work, the Size of Our Equity in Avic or in the Joint Venture Company. Before We Can Go Into Final Negotiations on This Project, We Would Like to Receive the Following Document or Information: 1. Avic's Latest Financial Statement 2. Provide a Description of Your Company Management Structure 3. the Shenzhen Project Final Joint Venture Contract 4. Purchase Orders (Or at Least Strong Letters of Interest) From Potential Customers of Your Product Line Participation in This Type of Investment Is of Great Interest to US, Since We Have Invested in Many Other Basic Material Projects in South America. China Will Be a New Country for US to Invest. Additionally, It Is Important to Point Out That This Letter Is Not a Final Contract, but Merely an Expression of Our Interest to Pursue Further Negotiations. I Look Forward to Receive the Above Documents From You Soon. Yours Truly, Martial Gemme President
12/34/56