Filed by Automated Filing Services Inc. (604) 609-0244 - IAS Energy, Inc. - Exhibit 10.1







	IAS ENERGY, INC. 
	240 – 11780 Hammersmith Way 
	Richmond, B.C., V7A 5E9 
	Phone: 604-278-5996 
	Fax:
      604-278-3409 


October 22, 2007 

Biotonus Clinique Bon Port (Hong Kong) Limited 
Mr. Samuel
Kam 
Power Telecom Limited 
22/F China Online Centre 
333 Lockhart
Road, Wanchai 
Hong Kong, SAR China 

Re: Letter of Intent – Video1314 

Dear Samuel: 

WHEREAS: 

	 	A. 	
      Power Telecom Limited (“Power Telecom”), a company
      incorporated in Hong Kong, owns 100% beneficial interest in www.video1314.com (“Video 1314”) and no other
      person, firm or corporation has an interest in the ownership of Video 1314
      nor a right capable of becoming an interest in the ownership of Video
      1314;

	 	 	 
	 	B. 	
      Biotonus Clinique Bon Port (Hong Kong) Limited and Samuel
      Kam (collectively, the Vendors”) own 100% of the issued and outstanding
      shares of Power Telecom and no other person, firm or corporation has an
      interest in the ownership of Power Telecom nor a right capable of becoming
      an interest in the ownership of Power Telecom;

	 	 	 
	 	C. 	
      IAS Energy, Inc. (“the Optionee”), an Oregon corporation,
      has received an Executive Summary about Video 1314 dated August 15, 2007,
      and Pro Forma Financial Statements for Video 1314 for the period March
      2007 to December 2010, and has been advised by Samuel Kam that he is in
      the process of preparing a formal business plan for Video 1314;
  and

	 	 	 
	 	D. 	
      The Optionee and the Vendors have signed this Letter of
      Intent to set out the general terms and conditions, which will form the
      basis for a formal agreement between them, concerning the grant to the
      Optionee, by the Vendors, of an irrevocable exclusive option to purchase
      100% of the shares of Power Telecom.



NOW THEREFORE in consideration of the mutual covenants and
conditions set forth herein, the parties hereto agree as follows: 

	 	1. 	
      Upon execution of this Letter of Intent, the Optionee
      will pay to Power Telecom the sum of US$50,000, to be used for the further
      development of the business of Power Telecom.

	 	 	 
	 	2. 	
      Upon receipt by the Optionee of a formal business plan
      for Video 1314, the due diligence period of 30 days shall commence and the
      Optionee’s representatives shall have full access to Power Telecom’s
      business in order to assess its acquisition of Power Telecom. During this
      30 day period, the parties shall finalize the terms of
  the








	 		
      formal agreement concerning the grant to the Optionee by
      the Vendors of an irrevocable exclusive option to purchase 100% of the
      shares of Power Telecom. The formal agreement will provide that the
      Optionee is receiving an option only to purchase the shares of Power
      Telecom and if it elects only to exercise part of the option, it will
      retain the percentage it has purchased as at the date of termination. In
      the event that the Optionee determines that, based on its due diligence,
      it does not wish to proceed with the formal agreement, this Letter of
      Intent shall be null and void.

	 	 	 
	 	3. 	
      The formal agreement will provide the following
      options:




	 	a. 	
      To purchase 20% of the issued and outstanding shares of
      Power Telecom, no later than 30 days after the execution of the formal
      agreement, the Optionee will issue to the Vendors 10 million shares of the
      Optionee. Concurrently with the issue of these shares, the Optionee shall
      pay US$50,000 to Power Telecom and, as a finder’s fee, issue to Ramon
      Mabanta 1 million shares of the Optionee;

	 	 	 
	 	b. 	
      Within 60 days of the shares being issued pursuant to
      paragraph 3(a), to purchase a further 20% of the issued and outstanding
      shares of Power Telecom, the Optionee will issued to the Vendors 10
      million shares of the Optionee. Concurrently with the issue of these
      shares, the Optionee shall pay US$100,000 to Power Telecom and, as a
      finder’s fee, issue to Ramon Mabanta 1 million shares of the
    Optionee;

	 	 	 
	 	c. 	
      Within 150 days of the shares being issued pursuant to
      paragraph 3(a), to purchase a further 20% of the issued and outstanding
      shares of Power Telecom, the Optionee will issued to the Vendors 10
      million shares of the Optionee. Concurrently with the issue of these
      shares, the Optionee shall pay US$150,000 to Power Telecom and, as a
      finder’s fee, issue to Ramon Mabanta 1 million shares of the
    Optionee;

	 	 	 
	 	d. 	
      Within 240 days of the shares being issued pursuant to
      paragraph 3(a), to purchase a further 20% of the issued and outstanding
      shares of Power Telecom, the Optionee will issued to the Vendors 10
      million shares of the Optionee. Concurrently with the issue of these
      shares, the Optionee shall pay US$150,000 to Power Telecom and, as a
      finder’s fee, issue to Ramon Mabanta 1 million shares of the
    Optionee;

	 	 	 
	 	e. 	
      Within 335 days of the shares being issued pursuant to
      paragraph 3(a), to purchase a further 20% of the issued and outstanding
      shares of Power Telecom, the Optionee will issued to the Vendors 10
      million shares of the Optionee. Concurrently with the issue of these
      shares, the Optionee shall pay US$150,000 to Power Telecom and, as a
      finder’s fee, issue to Ramon Mabanta 1 million shares of the
    Optionee;




	 	4. 	a. 	
      Upon execution of the formal agreement, the Optionee
      agrees to appoint Samuel Kam to the position of Vice President of
      Technology for the Optionee in consideration for a stock option, as
      follows: 



Samuel Kam shall be granted an
employee stock option to purchase up to 850,000 shares in the capital of the
Optionee. The Option shall be for a 5 year period, commencing on the day that
the Optionee issues 10 million of its shares to the Vendors pursuant to
paragraph 3(a) hereof. The options shall vest for exercise 




initially as to 12.5%, and every 90
days thereafter, an additional 12.5% shall vest for exercise. The exercise price
of the option shall be the last sale price of the stock of the Optionee on the
Over the Counter Bulletin Board on the trading day after the announcement of
this Letter of Intent. 

The salary of Samuel Kam shall not
exceed the amount set forth for him as the CEO/COO in the Pro Forma Financial
Statements already provided to the Optionee. 

	 	b. 	
      Upon execution of the formal agreement, the Optionee
      agrees to appoint Ramon Mabanta as a consultant in consideration for a
      stock option, as follows:




	 		
      Ramon Mabanta shall be granted an employee stock option
      to purchase up to 150,000 shares in the capital of the Optionee. The
      Option shall be for a 5 year period, commencing on the day that the
      Optionee issues 10 million of its shares to the Vendors pursuant to
      paragraph 3(a) hereof. The options shall vest for exercise initially as to
      12.5%, and every 90 days thereafter, an additional 12.5% shall vest for
      exercise. The exercise price of the option shall be the last sale price of
      the stock of the Optionee on the Over the Counter Bulletin Board on the
      trading day after the announcement of the execution of this Letter of
      Intent.

	 	 	 
	 	5. 	
      The above terms and conditions are exercisable by the
      Optionee, in whole or in part, in reference to Paragraph 3 (a) (b) (c) (d)
      and (e). Those parts exercised by the Optionee will remain in force by
      both parties. Any and all additional and future technology created by
      Samuel Kam and his associates in relation to Web2.0 will be owned by Power
      Telecom and will form a part of this Letter of Intent, if accepted by the
      Board of Directors of IAS Energy, Inc.

	 	 	 
	 	6. 	
      This Letter of Intent shall be subject to the regulatory
      approval, and the issuance of stock under the Letter of Intent will be
      subject to all applicable hold periods and restrictions that may be
      imposed by securities laws. In addition, all stock issued to Ramon Mabanta
      shall be subject to the same applicable hold periods and restrictions as
      the stock issued to the Vendors, pursuant to Paragraph 3 (a) (b) (c) (d)
      and (e). The formal agreement shall be subject to the approval of the
      Board of Directors of the Optionee, and if required by law or regulation,
      the shareholders of the Optionee.

	 	 	 
	 	7. 	
      The Vendors, Samuel Kam, Power Telecom and the Optionee
      agree to sign a more formal agreement based on the terms and conditions of
      this Letter of Intent. The terms and conditions of this Letter of Intent
      will remain in force until a more formal agreement is signed.

	 	 	 
	 	8. 	
      The Vendors represent that (a) there is no pending or
      threatened litigation affecting Video 1314 or Power Telecom and that there
      are no copyright issues affecting or threatened to affect Video 1314; and
      (b) Power Telecom has no debt.

	 	 	 
	 	9. 	
      By October 26, 2007, Samuel Kam shall provide to the
      Optionee a proposed Use of Proceeds for the US$650,000 referred to in
      Paragraph 3.

	 	 	 
	 	10. 	
      Upon purchase by the Optionee of 100% of the shares of
      Power Telecom, the Board of Directors shall be comprised of 5 persons,
      being 3 persons nominated by Samuel Kam and 2 persons nominated by John
      Robertson, the current President of the Optionee.

	 	 	 
	 	11. 	
      This Letter of Intent shall be governed by and
      interpreted in accordance with the laws of the Province of British
      Columbia.








		
      12 
	
      The parties shall be entitled to rely on delivery of a
      facsimile copy of this Letter of Intent and acceptance by the receiving
      party of a facsimile copy of this Letter of Intent shall create a legal,
      valid and binding agreement between the parties in accordance with its
      terms. This Letter of Intent shall be open for acceptance by the Vendors
      and Samuel Kam until 5pm, October 24, 2007 



IN WITNESS WHEREOF the parties hereto have executed this Letter
of Intent as of the date of the last signature below.

Best Regards, 

IAS ENERGY, INC. 

	By: 	/s/ John Robertson
    	 	Date: 	October 23, 2007 
		John Robertson, President 	 	  	  


We hereby agree that the above correctly sets out the
understanding between us: 

BIOTONUS CLINIQUE BON PORT (HONG KONG) LIMITED 


  	By: 	/s/ Marina Lai Ma
      	 	Date:	October 23, 2007 
	 	Mrs. Marina Lai Ma, Director 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By: 	/s/ Samuel Kam 	 	Date:	October 23, 2007 
	 	Samuel Kam, Director 	 	 	 



AND SAMUEL KAM IN HIS PERSONAL CAPACITY 

	By: 	/s/: Samuel Kam 	 	Date:	October 23, 2007 
	 	Samuel Kam