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Date: Thu, 6 Apr 2023 19:22:28 +0000 (UTC)
From: Fred Chen <fred.chen9@yahoo.com>
Reply-To: Fred Chen <fred.chen9@yahoo.com>
To: William Chen - CWCO <cwco.tw@msa.hinet.net>
Cc: Bob Chen <bchen@aicenergycorp.com>
Message-ID: <1867218673.5437.1680808948907@mail.yahoo.com>
In-Reply-To: <68BCC131-2A49-9246-B2A1-2CD0E323B2BE@hxcore.ol>
References: <FE25D601-2283-484C-B83A-2918DBF0B8BA@hxcore.ol> <cf1dd66e414e417c8ab1fa55ac8d7ff9@kilpatricktownsend.com> <DAE03D16-18F7-A54F-9236-523A42A62A71@hxcore.ol> <043f390a5f2f4bdba2d1e67799de59b3@kilpatricktownsend.com> <68BCC131-2A49-9246-B2A1-2CD0E323B2BE@hxcore.ol>
Subject: AIC Initial proposal
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   ----- Forwarded Message ----- From: bchen@aicenergycorp.com <bchen@aicen=
ergycorp.com>To: "fred.chen9@yahoo.com" <fred.chen9@yahoo.com>Sent: Thursda=
y, April 6, 2023 at 12:21:05 PM PDTSubject: Fwd: AIC Initial proposal
  =20
=20
Get Outlook for iOS  =C2=A0From: Riedy, Mark <MRiedy@kilpatricktownsend.com=
>
Sent: Thursday, April 6, 2023 9:50 AM
To: bchen@aicenergycorp.com <bchen@aicenergycorp.com>
Cc: jmelk@aicenergycorp.com <jmelk@aicenergycorp.com>
Subject: RE: AIC Initial proposal=C2=A0=20
Thanks, Bob. Dan told me today that he will have his insurance wrap in plac=
e on his funds next week and will reengage immediately thereafter to move f=
orward on the funding proposal/review the data room.

=C2=A0

Mark

=C2=A0

Mark J. Riedy=C2=A0=C2=A0=C2=A0
Kilpatrick Townsend & Stockton LLP=C2=A0=C2=A0
Suite 900 | 607 14th Street, NW | Washington, DC =C2=A020005-2018 =C2=A0=20
office 202 508 5823=C2=A0| cell 703 201 6677 | fax 202 318 4087=C2=A0
mriedy@kilpatricktownsend.com=C2=A0|My Profile |vCard



From: bchen@aicenergycorp.com <bchen@aicenergycorp.com>
Sent: Thursday, April 06, 2023 12:09 PM
To: Riedy, Mark <MRiedy@kilpatricktownsend.com>
Cc: jmelk@aicenergycorp.com
Subject: Re: AIC Initial proposal

=C2=A0



=C2=A0

Hi Mark,

=C2=A0

Resend the previous proposal again.

=C2=A0

Thanks!

Best regards,

Bob Chen

=C2=A0

Get Outlook for iOS

=C2=A0

From: Riedy, Mark <MRiedy@kilpatricktownsend.com>
Sent: Saturday, February 25, 2023 5:08 PM
To: bchen@aicenergycorp.com <bchen@aicenergycorp.com>
Cc: jmelk@aicenergycorp.com <jmelk@aicenergycorp.com>
Subject: RE: AIC Initial proposal

=C2=A0

Thanks, Bob.

=C2=A0

Mark J. Riedy=C2=A0=C2=A0=C2=A0
Kilpatrick Townsend & Stockton LLP=C2=A0=C2=A0
Suite 900 | 607 14th Street, NW | Washington, DC =C2=A020005-2018 =C2=A0=20
office 202 508 5823=C2=A0| cell 703 201 6677 | fax 202 318 4087=C2=A0
mriedy@kilpatricktownsend.com=C2=A0|My Profile |vCard

From: bchen@aicenergycorp.com <bchen@aicenergycorp.com>
Sent: Saturday, February 25, 2023 7:18 PM
To: Riedy, Mark <MRiedy@kilpatricktownsend.com>
Cc: jmelk@aicenergycorp.com
Subject: Fwd: AIC Initial proposal

=C2=A0

=C2=A0

=C2=A0

Hi Mark,

=C2=A0

FYI w thanks!

=C2=A0

Best regards,

Bob Chen

Get Outlook for iOS

=C2=A0

From: Bob Chen <Bchen@aicenergycorp.com>
Sent: Tuesday, February 21, 2023 12:21 PM
To: dan@altusenergygroupcom <dan@altusenergygroup.com>
Cc: Fred Chen <fchen@aicenergycorp.com>; Fred Chen <fred.chen9@yahoo.com>;j=
melk@aicenergycorp.com <jmelk@aicenergycorp.com>;Jlee@aicenergycorp.com <Jl=
ee@aicenergycorp.com>;smelk@aicenergycorp.com <smelk@aicenergycorp.com>
Subject: AIC Initial proposal

=C2=A0

Hi Dan,

=C2=A0

After we calculated the $250 millions bond interest payment each year might=
 need 18 Millions. We might need additional 36 to 40 million for the constr=
uction period.

=C2=A0

Also might need some working capital for the initial stage. Therefore, 184 =
million hard cost + 40 millions interest reserve + 30 million working capit=
al might be our real goal.

=C2=A0

=C2=A0

=C2=A0

=C2=A0=C2=A0=C2=A0=C2=A0=C2=A0Issue additional 42,900,000 new shares and di=
stribute all of the remaining=C2=A0

=C2=A0 =C2=A0 =C2=A0=C2=A011,000,000 treasury=C2=A0stocks=C2=A0to the exist=
ing shareholders

=C2=A0

=C2=A0 =C2=A0 =C2=A0=C2=A0

=C2=A0 =C2=A0 =C2=A0=C2=A011 Capital Shares:=C2=A042,900,000 shares=C2=A0

=C2=A0 =C2=A0 =C2=A0 =C2=A0@$6/share =3D=C2=A0$257,400,000

=C2=A0 =C2=A0 =C2=A0 =C2=A042,900,000 shares / 142,900,000 shares =3D=C2=A0=
approx.=C2=A030% (30.02%)

=C2=A0

=C2=A0

We open in mind for further discussion regarding the percentage and per sha=
re price. Your kindly response will be more than welcome.

My Cell phone number is 909 510 0848.

=C2=A0

Best Regards,

Bob Chen

Director & CFO

AIC Energy Corp DBA SAFuels X

2830 S Jones Blvd., Ste 1

Las Vegas, NV 89146-5654

Email: Bchen@aicenergycorp.com

Office:(702) 685-1118
Fax: (702) 431-1139

http://www.aicenergycorp.com/

=C2=A0

=C2=A0=20

This e-mail message, including any attachment, may contain legally privileg=
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                <div>----- Forwarded Message -----</div>
                <div><b>From:</b> bchen@aicenergycorp.com &lt;bchen@aicenergycorp.com&gt;</div><div><b>To:</b> "fred.chen9@yahoo.com" &lt;fred.chen9@yahoo.com&gt;</div><div><b>Sent:</b> Thursday, April 6, 2023 at 12:21:05 PM PDT</div><div><b>Subject:</b> Fwd: AIC Initial proposal</div><div><br></div>
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    	<div id="ydp9d45c104yiv9058841789ms-outlook-mobile-signature"><div><br></div>Get <a href="https://aka.ms/o0ukef" rel="nofollow" target="_blank">Outlook for iOS</a></div>
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<div>&nbsp;</div><hr style="display:inline-block;width:98%;" tabindex="-1"><div id="ydp9d45c104yiv9058841789divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif"><b>From:</b> Riedy, Mark &lt;MRiedy@kilpatricktownsend.com&gt;<br><b>Sent:</b> Thursday, April 6, 2023 9:50 AM<br><b>To:</b> bchen@aicenergycorp.com &lt;bchen@aicenergycorp.com&gt;<br><b>Cc:</b> jmelk@aicenergycorp.com &lt;jmelk@aicenergycorp.com&gt;<br><b>Subject:</b> RE: AIC Initial proposal<div>&nbsp;</div></font></div>


 



<div class="ydp9d45c104yiv9058841789WordSection1">
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">Thanks, Bob. Dan told me today that he will have his insurance wrap in place on his funds next week and will reengage immediately thereafter to move forward
 on the funding proposal/review the data room.</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">Mark</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:10.0pt;font-family:sans-serif;color:#1F497D;">Mark J. Riedy&nbsp;
</span></b><span style="font-size:10.0pt;font-family:sans-serif;color:#1F497D;">&nbsp;&nbsp;</span><span style="color:#1F497D;">
<br>
</span><b><span style="font-size:10.0pt;font-family:sans-serif;color:gray;">Kilpatrick Townsend &amp; Stockton LLP</span></b><span style="font-size:10.0pt;font-family:sans-serif;color:gray;">&nbsp;&nbsp;
<br>
Suite 900 | 607 14th Street, NW | Washington, DC &nbsp;20005-2018 &nbsp; <br>
office 202 508 5823&nbsp;| cell 703 201 6677 | fax 202 318 4087&nbsp;<br>
<a href="mailto:mriedy@kilpatricktownsend.com" rel="nofollow" target="_blank"><span style="color:gray;">mriedy@kilpatricktownsend.com</span></a>&nbsp;|
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<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in;">
<p class="ydp9d45c104yiv9058841789MsoNormal"><b>From:</b> bchen@aicenergycorp.com &lt;bchen@aicenergycorp.com&gt;
<br>
<b>Sent:</b> Thursday, April 06, 2023 12:09 PM<br>
<b>To:</b> Riedy, Mark &lt;MRiedy@kilpatricktownsend.com&gt;<br>
<b>Cc:</b> jmelk@aicenergycorp.com<br>
<b>Subject:</b> Re: AIC Initial proposal</p>
</div>
</div>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p><span style="font-size:10.0pt;font-family:sans-serif;"></span></p>
<p><span style="font-size:10.0pt;font-family:sans-serif;">&nbsp;</span></p>
<div>
<div>
<div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Hi Mark,</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Resend the previous proposal again.</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Thanks!</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Best regards,</p>
</div>
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Bob Chen</p>
</div>
<div id="ydp9d45c104yiv9058841789ms-outlook-mobile-signature">
<div>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
</div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Get <a href="https://aka.ms/o0ukef" rel="nofollow" target="_blank">Outlook for iOS</a></p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
</div>
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<div id="ydp9d45c104yiv9058841789divRplyFwdMsg">
<p class="ydp9d45c104yiv9058841789MsoNormal"><b>From:</b> Riedy, Mark &lt;<a href="mailto:MRiedy@kilpatricktownsend.com" rel="nofollow" target="_blank">MRiedy@kilpatricktownsend.com</a>&gt;<br>
<b>Sent:</b> Saturday, February 25, 2023 5:08 PM<br>
<b>To:</b> <a href="mailto:bchen@aicenergycorp.com" rel="nofollow" target="_blank">bchen@aicenergycorp.com</a> &lt;<a href="mailto:bchen@aicenergycorp.com" rel="nofollow" target="_blank">bchen@aicenergycorp.com</a>&gt;<br>
<b>Cc:</b> <a href="mailto:jmelk@aicenergycorp.com" rel="nofollow" target="_blank">jmelk@aicenergycorp.com</a> &lt;<a href="mailto:jmelk@aicenergycorp.com" rel="nofollow" target="_blank">jmelk@aicenergycorp.com</a>&gt;<br>
<b>Subject:</b> RE: AIC Initial proposal</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">Thanks, Bob.</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:14.0pt;font-family:New serif;color:#1F497D;">&nbsp;</span></p>
<p style="margin-bottom:12.0pt;" class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:10.0pt;font-family:sans-serif;color:#1F497D;">Mark J. Riedy&nbsp;
</span></b><span style="font-size:10.0pt;font-family:sans-serif;color:#1F497D;">&nbsp;&nbsp;</span><span style="color:#1F497D;">
<br>
</span><b><span style="font-size:10.0pt;font-family:sans-serif;color:gray;">Kilpatrick Townsend &amp; Stockton LLP</span></b><span style="font-size:10.0pt;font-family:sans-serif;color:gray;">&nbsp;&nbsp;
<br>
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office 202 508 5823&nbsp;| cell 703 201 6677 | fax 202 318 4087&nbsp;<br>
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<a href="http://www.kilpatricktownsend.com/en/People/R/RiedyMarkJ" rel="nofollow" target="_blank"><span style="color:gray;">My Profile</span></a> |
<a href="http://www.kilpatricktownsend.com/vcard/MarkJ.Riedy.vcf" rel="nofollow" target="_blank"><span style="color:gray;">vCard</span></a></span></p>
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<p class="ydp9d45c104yiv9058841789MsoNormal"><b>From:</b> <a href="mailto:bchen@aicenergycorp.com" rel="nofollow" target="_blank">bchen@aicenergycorp.com</a> &lt;<a href="mailto:bchen@aicenergycorp.com" rel="nofollow" target="_blank">bchen@aicenergycorp.com</a>&gt;
<br>
<b>Sent:</b> Saturday, February 25, 2023 7:18 PM<br>
<b>To:</b> Riedy, Mark &lt;<a href="mailto:MRiedy@kilpatricktownsend.com" rel="nofollow" target="_blank">MRiedy@kilpatricktownsend.com</a>&gt;<br>
<b>Cc:</b> <a href="mailto:jmelk@aicenergycorp.com" rel="nofollow" target="_blank">jmelk@aicenergycorp.com</a><br>
<b>Subject:</b> Fwd: AIC Initial proposal</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p><span style="font-size:10.0pt;font-family:sans-serif;">&nbsp;</span></p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">Hi Mark,</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">FYI w thanks!</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">Best regards,</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">Bob Chen</p>
</div>
<p class="ydp9d45c104yiv9058841789MsoNormal">Get <a href="https://aka.ms/o0ukef" rel="nofollow" target="_blank">Outlook for iOS</a></p>
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<p class="ydp9d45c104yiv9058841789MsoNormal"><b>From:</b> Bob Chen &lt;<a href="mailto:Bchen@aicenergycorp.com" rel="nofollow" target="_blank">Bchen@aicenergycorp.com</a>&gt;<br>
<b>Sent:</b> Tuesday, February 21, 2023 12:21 PM<br>
<b>To:</b> <a href="mailto:dan@altusenergygroup.com" rel="nofollow" target="_blank">dan@altusenergygroupcom</a> &lt;<a href="mailto:dan@altusenergygroup.com" rel="nofollow" target="_blank">dan@altusenergygroup.com</a>&gt;<br>
<b>Cc:</b> Fred Chen &lt;<a href="mailto:fchen@aicenergycorp.com" rel="nofollow" target="_blank">fchen@aicenergycorp.com</a>&gt;; Fred Chen &lt;<a href="mailto:fred.chen9@yahoo.com" rel="nofollow" target="_blank">fred.chen9@yahoo.com</a>&gt;;
<a href="mailto:jmelk@aicenergycorp.com" rel="nofollow" target="_blank">jmelk@aicenergycorp.com</a> &lt;<a href="mailto:jmelk@aicenergycorp.com" rel="nofollow" target="_blank">jmelk@aicenergycorp.com</a>&gt;;
<a href="mailto:Jlee@aicenergycorp.com" rel="nofollow" target="_blank">Jlee@aicenergycorp.com</a> &lt;<a href="mailto:Jlee@aicenergycorp.com" rel="nofollow" target="_blank">Jlee@aicenergycorp.com</a>&gt;;
<a href="mailto:smelk@aicenergycorp.com" rel="nofollow" target="_blank">smelk@aicenergycorp.com</a> &lt;<a href="mailto:smelk@aicenergycorp.com" rel="nofollow" target="_blank">smelk@aicenergycorp.com</a>&gt;<br>
<b>Subject:</b> AIC Initial proposal</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
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<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">Hi Dan,</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">&nbsp;</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">After we calculated the $250 millions bond interest payment each year might need 18 Millions. We might need additional 36 to 40 million for the construction period.
</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">&nbsp;</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">Also might need some working capital for the initial stage. Therefore, 184 million hard cost + 40 millions interest reserve + 30 million working capital might be our real goal.
</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:13.5pt;font-family:New serif;color:#440062;">&nbsp;&nbsp;&nbsp;&nbsp;
</span><span style="font-size:13.5pt;font-family:New serif;color:#26282A;">&nbsp;</span><b><span style="font-size:13.5pt;font-family:New serif;color:#9D1811;background:yellow;">Issue additional 42,900,000 new shares
 and distribute all of the remaining&nbsp;</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:13.5pt;font-family:New serif;color:#9D1811;background:yellow;">&nbsp; &nbsp; &nbsp;&nbsp;11,000,000 treasury&nbsp;stocks&nbsp;to the existing shareholders</span></b><b><span style="font-size:13.5pt;font-family:New serif;color:#9D1811;background:#7DBEF1;">
</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:12.0pt;font-family:New serif;color:#26282A;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:13.5pt;font-family:New serif;color:#033D21;">&nbsp; &nbsp; &nbsp;&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:13.5pt;font-family:New serif;color:#033D21;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="font-size:13.5pt;font-family:New serif;color:#440062;">11 Capital Shares:&nbsp;</span><b><span style="font-size:13.5pt;font-family:New serif;color:#9D1811;background:yellow;">42,900,000
 shares</span></b><span style="font-size:13.5pt;font-family:New serif;color:#033D21;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:13.5pt;font-family:New serif;color:#440062;">&nbsp; &nbsp; &nbsp; &nbsp;@$6/share =&nbsp;$257,400,000</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:13.5pt;font-family:New serif;color:#26282A;">&nbsp; &nbsp; &nbsp; &nbsp;</span><span style="font-size:13.5pt;font-family:New serif;color:#440062;">42,900,000 shares / 142,900,000 shares =&nbsp;</span><b><span style="font-size:13.5pt;font-family:New serif;color:#9D1811;background:yellow;">approx.&nbsp;30%
 (30.02%)</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:120.0pt;font-family:New serif;color:#26282A;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp;</p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">We open in mind for further discussion regarding the percentage and per share price. Your kindly response will be more than welcome.
</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">My Cell phone number is 909 510 0848.</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal"><b><span style="font-size:12.0pt;">&nbsp;</span></b></p>
<p class="ydp9d45c104yiv9058841789MsoNormal">Best Regards,</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">Bob Chen</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">Director &amp; CFO</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">AIC Energy Corp DBA SAFuels X</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">2830 S Jones Blvd., Ste 1</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">Las Vegas, NV 89146-5654</p>
<p class="ydp9d45c104yiv9058841789MsoNormal">Email: <a href="mailto:Bchen@aicenergycorp.com" rel="nofollow" target="_blank">Bchen@aicenergycorp.com</a></p>
<p style="background:white;" class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:10.0pt;font-family:sans-serif;color:#444444;">Office:(702) 685-1118<br>
Fax: (702) 431-1139</span></p>
<p style="background:white;" class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:10.0pt;font-family:sans-serif;color:#444444;"><a href="http://www.aicenergycorp.com/" rel="nofollow" target="_blank">http://www.aicenergycorp.com/</a></span></p>
<p style="background:white;" class="ydp9d45c104yiv9058841789MsoNormal"><span style="font-size:10.0pt;font-family:sans-serif;color:#444444;">&nbsp;</span></p>
<p class="ydp9d45c104yiv9058841789MsoNormal">&nbsp; </p>
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