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From: Fred Chen <fred.chen9@yahoo.com>
Sent: Thursd= ay, April 6, 2023 12:23 PM
To: William Chen - CWCO <cwco.tw@ms= a.hinet.net>
Cc: Bob Chen <bchen@aicenergycorp.com>
<= b>Subject: AIC Initial proposal

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----- Forwarded Message -----

=0A=

From: bchen@aicenergycorp.com <bchen@aicener= gycorp.com>

To: "fred.chen9@yahoo.com" <fred.chen9@y= ahoo.com>

Sent: Thursday, April 6, 2023 at 12:21:05 PM = PDT

Subject: Fwd: AIC Initial proposal

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=0A= =0A= =0A= =0A=

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=0A=

<= br>

Get Outlook for= iOS

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From: Riedy, Mark <MRiedy@kilpatricktow= nsend.com>
Sent: Thursday, April 6, 2023 9:50 AM
To:= bchen@aicenergycorp.com <bchen@aicenergycorp.com>
Cc: jmel= k@aicenergycorp.com <jmelk@aicenergycorp.com>
Subject: RE: = AIC Initial proposal

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Thanks, Bob. Dan told me today t= hat he will have his insurance wrap in place on his funds next week and wil= l reengage immediately thereafter to move forward=0A= on the funding proposal/review the data room.

=0A=

Mark

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=0A=

From: bchen@aicenergy= corp.com <bchen@aicenergycorp.com>=0A=
=0A= Sent: Thursday, April 06, 2023 12:09 PM
=0A= To: Riedy, Mark <MRiedy@kilpatricktownsend.com>
=0A= Cc: jmelk@aicenergycorp.com
=0A= Subject: Re: AIC Initial proposal

=0A=

Hi Mark,

=0A=

Resend the previous proposal= again.

=0A=

Thanks!

=0A=

Best regards,

=0A=

Bob Chen

=0A=

Get Outlook for iOS

=0A=

From: Riedy, Mark <= ;MRiedy@k= ilpatricktownsend.com>
=0A= Sent: Saturday, February 25, 2023 5:08 PM
=0A= To: bche= n@aicenergycorp.com <bchen@aicenergycorp.com>
=0A= Cc: jmel= k@aicenergycorp.com <jmelk@aicenergycorp.com>
=0A= Subject: RE: AIC Initial proposal

=0A=

Thanks, Bob.

=0A=

From: bchen@aicenergycorp.com &l= t;bchen@aicener= gycorp.com>=0A=
=0A= Sent: Saturday, February 25, 2023 7:18 PM
=0A= To: Riedy, Mark <MRiedy@kilpatricktownsend.com>
=0A= Cc: jmel= k@aicenergycorp.com
=0A= Subject: Fwd: AIC Initial proposal

=0A=

Hi Mark,

=0A=

FYI w thanks!

=0A=

Best regards,

=0A=

Bob Chen

=0A=

Get Outlook for iOS

=0A=

From: Bob Chen <Bchen@aicenergyco= rp.com>
=0A= Sent: Tuesday, February 21, 2023 12:21 PM
=0A= To: dan= @altusenergygroupcom <dan@altusenergygroup.com>
=0A= Cc: Fred Chen <fchen@aicenergycorp.com>; Fred Chen <fred.chen9@yahoo.com>;=0A= jmelk@aicenergy= corp.com <jmelk@aicenergycorp.com>;=0A= Jlee@aicenergyco= rp.com <J= lee@aicenergycorp.com>;=0A= smelk@aicenergy= corp.com <smelk@aicenergycorp.com>
=0A= Subject: AIC Initial proposal

=0A=

Hi Dan,

=0A=

After we calculated the $250 millions bond interest payment each ye= ar might need 18 Millions. We might need additional 36 to 40 million for th= e construction period.=0A=

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Also might need some working capital for the initial stage. Therefo= re, 184 million hard cost + 40 millions interest reserve + 30 million worki= ng capital might be our real goal.=0A=

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=0A= Issue additional 42,900,000 new shares=0A= and distribute all of the remaining

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&nb= sp; 11,000,000 treasury stocks to the existing shareh= olders=0A=

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11 = Capital Shares: 42,900,000=0A= shares

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@$6/s= hare =3D $257,400,000

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42= ,900,000 shares / 142,900,000 shares =3D appr= ox. 30%=0A= (30.02%)

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We open in mind for further discussion regarding the percentage and= per share price. Your kindly response will be more than welcome.=0A=

=0A=

My Cell phone number is 909 510 0848.

=0A=

Best Regards,

=0A=

Bob Chen

=0A=

Director & CFO

=0A=

AIC Energy Corp DBA SAFuels = X

=0A=

2830 S Jones Blvd., Ste 1=0A=

Las Vegas, NV 89146-5654

= =0A=

Email: Bchen@aicenergycorp.com

=0A=

<= span style=3D"font-size:10.0pt; font-family:sans-serif; color:#444444">Offi= ce:(702) 685-1118
=0A= Fax: (702) 431-1139

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<= span style=3D"font-size:10.0pt; font-family:sans-serif; color:#444444">http://www.aicenergy= corp.com/

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<= span style=3D"font-size:10.0pt; font-family:sans-serif; color:#444444">&nbs= p;

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