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September 7,2000
Mr. Merle Ferguson
President, CEO and Chairman
Affordable Homes of America, Inc.
45O5 W. Hacienda Avenue
Unit I-1
Las Vegas, Nevada 89118
USA
Fax: (702)579-4833
Dear Merle;
Subject: Quadrant Resources Letter Agreement
As a follow up to your recent discussions with Allison Eaton and as the
next step to initiating the understandings reached by Affordable Homes
of America (AHOA) and AL Nasr Trading & Industrial Corporation Llc.
in the Joint Venture Agreement dated August 15,20 00, I am pleased to
confirm that Quadrant Resources Corp. (QRC) has agreed, subject to you
r acceptance to form a strategic marketing alliance with Affordable
Homes of America (AHOA). The purpose of the alliance, which is non-
exclusive, is to provide an established public vehicle which will allow
AHOA to expand the sale and construction of its unique home building
materials and systems intentionally, as intended in the August 15th
Agreement. This will be accomplished by capitalizing on the wide range
of international partners and clients established in eastern Europe,
Asia, Africa and India by Al Nasr and QRC. Because of the varied nature
of these potential contracts, the precise terms and conditions for
commissions paid to QRC will be agreed to by both QRC and AHOA and
determined at the time each contract is awarded.
In order to maximize AHOA's opportunities and provide potential
customers with sufficient decision-making information, QRC will have
access to appropriate levels of technical detail relating to the building
materials and systems. All QRC employees, consultants and/or agents and
any potential customers who examine any such material determined by
AHOA to be commercially confidential, will be required to execute a
nondisclosure letter.
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QRC looks forward to this exciting undertaking which we believe will
be beneficial to both our organizations.
If the above terms accurately represents the points we have covered
during our discussion, please signify your acceptance below and
return one copy of this letter for our files.
Sincerely,
By: /s/ Fred Hess
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Fred Hess
President and COO
cc: Allison M. Eaton
Accepted by:
By: /s/ Merle Ferguson 09-07-2000
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Merle Ferguson Date
