Document:

<PAGE> 106

                      JOINT VENTURE AGREEMENT
                              between
                  AFFORDABLE HOMES OF AMERICA, INC.
                                and
                      TRISTAR USA OF LA, INC.

THIS AGREEMENT TO JOINT VENTURE (the "Agreement") is entered into
this 12th day of June, 2000, by and between Affordable Homes of America,
Inc., a Nevada corporation, with its principal office and place of
business located at 4505 WestHacienda Avenue, Suite I-1, Las Vegas, NV
89118 (herein referred to as "AffordableHomes"), and Tristar USA of LA,
Inc., a Louisiana corporation, with its office and principal place of
business located at 13208 West Main Street, Larose, LA 70373, (herein
reffered to as "Tristar").

WITNESSETH
Affordable Homes and Tristar (hereinafter sometimes referred to as
(The Venturers"), acting pursuant to the laws of the states of Nevada and
Louisiana, do hereby form a joint venture ("the Venture") for
the business and purposes set forth herein:

Purposes and Business: The sole and exclusive purpose and business of
theenture shall be the use of Z MIX in construction of residential
housing and commercialfacilities, as well as to conduct any other
legal and lawful business projects that are mutually agreed upon.
Z MIX is a patented cementitious composite, material with unique
insulation and acoustic properties that is termite, insect, rot,
mildew, water, and fireproof. The President of Affordable Homes and
the President of Tristar shall approve all such written contracts in
writing before the Venture enters into such contracts.

Affordable Homes will supply Z MIX for the construction of all
residential housing and commercial facilities covered by lhe contracts
entered into by the Venture.Affordable Homes will also supply expertise,
equipment and personnel as necessary toinsure proper residential and
building construction, using Z MIX as the primaryconstruction ingredient.
Affordable Homes will provide Z MIX to the Venture at acompetitive
price, said price lo be determined and addressed in a subsequent Pricing
Agreement to be a part of each contract (unless otherwise stipulated to
in writing) and be mutually agreed to in writing and signed by both
parties to the Venture.

<PAGE> 107

Tristar will provide the proposed contracts from corporations or
government authorities and will also supply expertise, equipment and
personnel as necessary to insure proper residential and commercial
building construction. Tristar will be the construction manager
for the Venture.

Each Party to the Venture shall be responsible for expenses incurred
by it in carrying out the purposes and business of the Venture unless
otherwise mutually agreed to in writing, signed by both parties to the
Venture.

FORMATION. PURPOSES AND DURATION

Place of Business: Affordable Homes and Tristar will each maintain
their own principal offices and places of business.

Title to Venture Property:  In the event of an acquisition, title will
be held by both parties based upon the agreed percentage of ownership.

Term; The Term of the Venture shall commence on the date of This agree-
ment and shall continue until June 1, 2005, unless earlier dissolved
and terminated pursuant to this agreement or by mutual consent of
Affordable Homes and Tristar or by operation of applicable law.

Qualification: The Venture partners shall qualify and register in
Nevada and Louisiana as required by applicable law and shall fill such
instruments and documents in the public offices of the above jurisdictions
and any other jurisdictions where such filings are required in order to
give effect to evidence the nature of the Venture under the laws of Nevada
and Louisiana. The terms of this agreement shall be interpreted
under the laws of the State of Louisiana.

REPRESENTATIONS. WARRANTIES AND COVENANTS

Affordable Homes and Tristar each represent to the other as follows
with full knowledge that each Party is acting in reliance thereon in
executing this agreement and in carrying on the Venture with the other
party.

Organization: Each Party is, and during the term of the Venture shall,
at all times, continue to be a corporation duly incorporated, validly
existing and in good standing under the laws of the state of its incor-
poration.

<PAGE> 108

Authority; Each Party has all requisite power and authority to enter
into this Agreement and to carry out its obligations hereunder. The
execution and delivery by each party of this Agreement, and the
performance by each party of its obligations hereunder, have been duly
and validly authorized by the Board of Directors of each Party, and
no other corporate proceedings on the part of each Party are necessary
to authorize such execution, delivery and performance. This Agreement has
been duly executed and delivered by each Party, and this Agreement and
all exhibits and documents executed and delivered by each party in
connection with the consummation of the transactions contemplated
hereby, are the valid and legally binding obligations of each Party
enforceable against each Party in accordance with the terms hereof and
thereof, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization,moratorium, or similar laws
affecting creditor's rights generally and by principles of equity
(whether considered in a proceeding at law or in equity).
No consent, approval or other action by any governmental authority is
required in connection with the execution,delivery and performance by
each Party of this Agreement.

NO Violation; The execution, delivery and performance by each Party to
this agreement and the consummation of the transactions contemplated
hereby, do not and will not (i) violate, conflict with or result in
the breech of any provisions of the charter documents or by-laws of
each Party, (ii) violate any order, writ, judgment, injunction,
award or decree of any federal, state, local or foreign court,
arbitrator or governmental or regulatory body against or binding upon
each Party, (iii) violate any statute, law or regulation of any
governmental or regulatory body. or (iv) result in the creation or
imposition of any lien charge or encumbrance of any nature or
description upon any of the properties, assets or businesses of
the Venture or of each Party.

Confidential Information: During the continuance of the Agreement and
for a period of five years after its termination, no Party or employee
or counsel or other advisor thereof shall divulge to any person
(except to an Affiliate of such Party which such Party undertakes shall
be bound to the provisions of this Article) any trade secret or
any other confidential information concerning the business of the
Venture or the sale of products and processes made or owned by it that
come to the knowledge of such Party or employee by reason of its or his
being a Party or employee of the Venture or of a Party unless and to the
extent that, in connection with or subsequent to the termination of the
Venture, the Party involved shall obtain rights to sell or license products
or processes previously made or owned by the Venture. The obligations
under this Article shall not apply to any information to the extent
that such information is or shall become part of the public domain or
which the receiving Party or any such employee shall be able to show to
have been in its or his possession prior to the receipt thereof from the
Venture or the have been received from a third Party which shall not itself
have received such information on a confidential basis from the Venture.

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DISSOLUTION, WINDING UP AND TERMINATION
Termination and Dissolution; The Vnture shall continue until dissolved
bymutual consent of the Parties in writing or otherwise
terminated in accordance with the provisions hereof:

(a)     If a Party shall:

(i)       withdraw from the Venture during the term hereof without the
written consent of the other Party; or

(ii) commit a breach of any of the other covenants herein contained
and, if such breach shall be remediable, fail to remedy such
breach within a period of 45 days after notice from the other
Party inwriting to remedy such breach, or in the case of a
dispute as to the existence or occurrence of a breach, 45 days
after a final determination that there shall have been a breach;
then such other Party shall be at liberty in every such case forthwith
to terminate the Venture by written notice, given prior to the curing
of such default.  In any such event, the entire cost and expense of
conducting any proceeding to dissolve the Venture or for an
accounting, or both, shall beborne by the defaulting Party,
provided that if the Party alleged to be indefault is found not
to be in default the Party originally claiming default
shall pay such cost and expense.

(b)If either Party or Affiliate of such Party which then directly or
indiectlycontrols such Party shall be involuntarily dissolved or shall
make anassignment for the benefit of creditors or be adjudicated a
bankrupt, orshall suffer the appointment of a receiver or trustee of
its business orproperties by reason of insolvency or liquidation, or
shall File or have filedagainst it a petition in bankruptcy or for
reorganization under the United States Bankruptcy Act or under the
provisions of any law of like effect ofany other country unless such
petition filed against it shall be dismissed orstayed within 60 days,
this Joint Venture Agreement shall automaticallyterminate and the other
Party shall prmptly give notice of such termination to the other Party.

(c)In case of any termination the Venture Agreement in accordance with the
provisions of clause (a) of clause (b) of this Section the Joint Venture
shall be dissolved as of the date of the notice of termination.

(d) At such time as the Venture shall cease to be a going concern (even
though the Venture may continue existence for the purpose of winding up
its affairs, paying its debt and distributing any remaining balance to the
Venturer);

(e) Upon expiration of the term of the Venture on June 1,2005.

(f)Upon the sale, transfer, conveyance, condemnation or foreclosure
of, orcasualty to, all or substantially all of the Venture's assets; or

(g) As provided in this Agreement.

<PAGE> 110

AMENDMENTS TO JOINT VENTURE AGREEMIENT
Writing Requirements. This agreement may not be amended except
by an instrument in writing executed by Affordable Homes and Tristar.

GENERAL PROVISIONS
Complete Agreement:

Amendment. This Agreement constitutes the entire agreement between
the partes and supersedes all agreements, representations, warranties,
statements.promises and understandings, whether oral or written, with
respect to the subject matter hereof.  No Party hereto shall be bound
by or charged with any oral orwritten agreements, understandings not
specifically set forth in the Agreements orthe exhibits hereto.

No Agency- Nothing herein contained shall be construed to constitute
any Venture the agent of any other Venturer or to limit the Venturers
in the carrying on of their own respective businesses or activities.

Notices. All notices under this Agreement shall be in writing and shall
be eemed properly given hereunder is (i) delivered by personal service
, (ii)delivered by courier service, (iii) telecopied and confirmed
Immediately in writingby a copy mailed by registered or certified mail,
postage prepaid, return receiptrequested, or (iv) when received, if
sent by certified or registered mail, postageprepaid, return receipt
requested, to the Venturers at the addressed hereinafter setforth and
to the Venture at its principal place of business.  The addresses for
notices are as follows:

To Affordable Homes; Affordable Homes of America, Inc.

4505 W. Hacienda Ave. Suite I-1
LasVegas,NV89ll8
Phone: (702) 579-4888
Fax:   (702) 579-4833

Tristar USA of LA, Inc
P.O. Box 357
13208 W. Main St.
Larose, LA 70373
Phone: (504) 798-7321
Fax:   (504) 798-5890

<PAGE> 111

Counterparts;   This Agreement may be executed in any manner of
counterparts, each which shall be deemed to be an original and
all of which shall constitute one and the same Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Agreement
as of the day and year first above written.

AFFORDABLE HOMES OF AMERICA, INC.         TRISTAR USA OF LA, INC.

By: /s/ Merle R. Ferguson         By: /s/ Rodney C. Whitney, Sr.
        -----------------                 ----------------------
        Merle R. Ferguson                 Rodney C. Whitney, Sr.
        President and CEO                 President and CEOAugust 15, 2000

JOINT VENTURE AGREEMENT

This Joint Venture Agreement (the Agreement or This Agreement) is
entered into this August 14 , 2000  by and between

Affordable Homes of America, Inc, hereinafter referred to as AHOA, a
Nevada Corporation whose  principle place of business is 4505 W.
Hacienda Ave. Unit I-1, Las Vegas, Nevada, USA and

AL Nasar Trading & Industrial Corporation, LLC, hereinafter referred
to as ALNASR, a corporation  registered in the Kingdom of Saudi Arabia
(registration no. 3) whose principal place of business is Adam
Khashoggi Vila, Al Washem Street, Murabba's District, Riyadh, Kingdom
of Saudi Arabia.

WHEREAS

A. AHOA is the holder of two United States of America patents (number
5,782,970 and 5,852,077), the  patents being issued for the manufactur
ing of a protected new and unique building material hereinafter  refer
red to as the product;

B. AHOA has through extensive research and experience, developed low c
ost, rapidly produced housing  models which meet minimum building stan
dards for the construction of homes in the United States and  in many,
if not all foreign countries.

C. AHOA is now capable and ready to offer the product and
associated home building expertise to a joint  venture
partner, specifically ALNASR to introduce, market and sell
the product in the Kingdom of  Saudi Arabia and in other countries
mutually selected by ALNASR and AHOA.

D. Furthermore, AHOA is now capable and ready to
(a) provide full complete technical assistance in the  establishment
of plants to manufacture the product and (b) provide all the
necessary expertise required  to build and market low cost
homes in accordance with models created by AHOA

AND WHERAS

A. ALNASR has the experience and contacts necessary to (a) market
the product in the countries selected in the Middle East and Northern
Africa and (b) create the infrastructure necessary for AHOA to build
manufacturing plants for products where feasible.

B. ALNASR possesses the professional network which will work
diligently towards obtaining various permits and licenses as
required, both for the introduction of the product in the
countries selected and for the introduction of the product in
the countries selected and for the establishment of factories
to construct manufacturing facilities in line with this agreement;

C. Furthermore, ALNASR now desires to utilize its experience,
expertise and network to ensure the success of low cost housing models
by bidding for housing projects in countries selected at the very
earliest opportunity to this signing of this agreement.

NOW THEREFORE, In consideration of one United States Dollar (US$1.00)
receipt of which is hereby  acknowledged and the mutual promises and
warranties contained herein, AHOA and ALNASR hereby  agree as follows:

MARKETING AND PRODUCTION, LOW COST HOUSING
1. AHOA and ALNASR agree to the formation of two corporations
called Affordable Homes (Middle East), Inc., the said corporations,
unless otherwise agreed upon to be (a) a Canadian (British Columbia)
and (b) a United States of America (Nevada) corporation respectively;

<PAGE> 112

2. AHOA and ALNASR will each hold 50% of the Canadian and
US corporation ( the "JV Corporations") respectively

3. AHOA and ALNASR understand that each of the JV corporations
will be obliged to form alliances, partnerships or even JV agreements
with third parties depending upon the individual requirements and
project mechanics in each country:

4. AHOA will hereby grant the JV corporation the exclusive rights
to (a) introduce and market the product in various countries selected
and (b) construct manufacturing and production facilities to produce
the product in the said countries selected and furthermore,
unless there are fundamental reasons to the contrary AHOA
agrees to transfer such exclusive rights to any alliances,
partnerships or JV undertaken with third parties in any
particular country.

5. AHOA will also grant the JV corporation the exclusive right,
jointly, with other parties or on their own accords, to bid on low
cost housing contracts in countries selected using AHOA's product
and technical support.

6. AHOA warrants and guarantees that the product is feasible and
further warrants that all technical information provided to
ALNASR isaccurate and will be accurate at all times to
the best of AHOA management

7. AHOA warrants that the product is viable building product and
is one which can be produced and used at a cost substantially less
that the cost of normally existing wood or concrete based housing
materials

8. AHOA warrants that is engineer and technicians will be available
for on site presentations, reviews and studies in the countries
selected to assist ALNASR in any of its efforts envisaged in this
Agreement

9. ALNASR agrees to use its best efforts to introduce, market and
sell the product in countries selected and further agrees that the
first country will be selected within 7 business days of the
signing of this Agreement

10. ALNASR agrees that it will arrange for the preparation and
submission of competitive bids which will be based on the use of
the product (either via local production or via exports) to produce
low cost housing in the country of countries selected.

11. ALNASR may provide, as its own contribution towards the Joint
Ventures envisaged herein, land or buildings and such land or buildings
will be acceptable to AHOA, if (a) they are deemed suitable for
the furtherance of the objectives of the joint venture and (b)
they are valued as per recognized local or international standards;

12. Each party will have equal representation of the Board of Directors
of the corporation (per 1) unless such representation needs to be
altered due to locally prevailing regulations in which case
both parties shall arrive at mutually acceptance representations;

COSTS, FEES, EXPENSES & ORGANIZATION

13. Further to a Letter of Intent dated August 07, 2000, AHOA and
ALNASR have made their initial contributions of $US 25,000.00
(United States Dollars Twenty Five Thousand only) each towards
preliminary expenses designed to identify the precise nature of
opportunities for the product in all countries in the Middle East
and in certain countries forming the Northern Africa.

14. AHOA and ALNASR hereby, agree form this juncture, to
operate the agreement only through the JV Corporations (per 1);

15. AHOA and ALNASR hereby agree that both parties will contribute
a specified amount towards their share of initial capitalization of
the corporations in such a manner that preliminary travel cost, legal
fees and other expenditures are accounted for prior to formal
capitalization pursuant to the actual implementation of country
specific joint ventures for production, marketing and bidding purposes.

16. AHOA and ALNASR hereby agree to appoint Ms. Allison Eaton,
President of Africa Resources Corporation, Vancouver, as Secretary
of the Canadian corporation and AHOA appointee as Secretary
of the US Corporation for the primary purpose of maintaining and
preparing books, records, timetables, timelines and expense budgets;

17. AHOA and ALNASR hereby agree to appoint Mr. Stephen Nemerqut as
General Counsel for purposes envisaged in this Agreement;

<PAGE> 113

IMMEDIATE OBJECTIVES
18. ALNASR, will, within 7 business days of the signing of this
Agreement, provide written confirmation of a least one country chosen
for immediate implementation of the objectives of the Joint Venture
with AHOA, namely to produce and manufacture the product and,
further more, to promote low cost housing projects;

19. ALNASR will within 7 business days of the signing of this
Agreement, provide a plan of action for a least four other countries
where such plan will be implemented depending upon the level of resources
available to AHOA;

20. ALNASR and AHOA will cause the formation of the corporations
(per 1) with immediate effect so that the Secretaries of the Corporations
can prepare and formalize books, records, and budgets in line
with the objectives of the Agreement;

21. In order to fund the JV, and to complete other obligations under
the Agreement, AHOA will immediately conduct a private placement
financing in which cause AHOA will be actively assisted by
Africa Resource Corporation and by ALNASR;

22. ALNASR hereby agrees to make all arrangements, in conjunction
with Africa Resources, to enable AHOA to complete the targeted private
placement for a sum expected to be for a minimum of $7.00
million and for a maximum of $15 million with the overriding
provision that the bulk of the proceed excluding certain operating
and working capital costs agreed upon, will be utilized to fund AHOA's
share in the joint venture and/or joint ventures envisaged therein;

23. ALNASR is aware that shares issued as a consequence of the
private placement by AHOA will be restricted shares (either Rule 144
or Reg,'S') and such shares may remain restricted for trading in the
US either for a period of 12 months from the date of the issuance or
pending AHOA effecting the appropriate registration of the securities
issued;

GENERAL

24. It is explicitly understood by ALNSAR that AHOA's near term
and longer term participation, especially in the manufacture of the
product in one or more countries, is reliant upon the success of the
private placement (per 22) and a failure to satisfactorily complete the
private placement will make it impossible for AHOA to meet the forthcoming
commitments as outlined in this Agreement;

25. The term of the Agreement shall be for a period of three (3) years
with and automatic renewal for twenty five (25) years if a minimum of
US$ 100,000,000.00 (United States Dollars One Hundred Million) of actual
construction value is achieved within three years where such construction
value will be the aggregate of construction expenditures in one or more
countries designated by ALNASR;26. Since the representation on the Board
of Directors (per 1) shall be equally split between AHOA and
ALNASR, any stalemate in voting- despite the best efforts of both
parties- will be submitted to an independent Arbitrator selected from
the American Arbitrator Association in which case the
Arbitrator's decision will be final;

27. This agreement may be terminated for any of the following reasons:

a. By mutual consent  of  both parties

b. By the failure of ALNASR to secure necessary licenses
permits and other related arrangements in at least 1 country
over a period of 12 months form the date of signing this Agreement.

c. By the failure of ALNASR to forward a comprehensive plan
of action for the JV corporations within 12 months from the
date of signing this Agreement;

d. By the failure of AHOA to complete the private placement
envisaged herein within 6 months from the date of signing
this Agreement;

e. By the failure of AHOA to demonstrate adequately that
the product meets with all necessary minimum  requirements
and furthermore, to prove that the low cost housing model
is reality;

28. The Agreement may be amended at any time provided that any amended
agreement is in writing, signed by both parties and clearly referenced;

29. All timetables of timelines mentioned herein and appearing as the
duties of any of the parties to the Agreement may be extended with
the written consent of both parties to the agreement and the parties
concerned hereby agree that certain requirements or provisions may be
waived provided that such waiver is mutually agreed in writing

<PAGE> 114

30. Address for notices and other communications:

       AHOA  Affordable Homes of America, Inc
             4505 W. Hacienda Ave. Unit I-1
             Las Vegas, NV
             #702-579-4888
             Fax#-702-579-4833
             e-mail:info@affordahome.com

    AL NASR  Trading & Industrial Corporation LLC
             Adnan Khashoggi Villa
             Al Washem Street
             Murabba's District
             Riyadh, Kingdom of Saudi Arabia
             Telephone: 1-9661-402-7888
             Fax:1-9661-402-8577

31. The Agreement is the final written expression and the complete and
exclusive statement of the parties namely AHOA and ALNASR. It super-
sedes any and all other agreements (and letters of intent as the case may
be) written or oral between the parties and alterations or amendments
hereinafter must only be with the written and mutual content of AHOA
and ALNASR:

32. The Agreement, and its terms and conditions, shall be govern by
the laws prevailing in the State of Nevada or laws in other jurisdictions
if and when applicable;

33. In the event that any pan of the Agreement is determined invalid by
a court of competent jurisdiction, such determination shall not effect
the validity of the remaining  portion of the Agreement:

34. Both parties agree that, within the framework of the Agreement, certain
commission and/or finder's fees will be payable to Charlesbridge Holdings
(Europe) Corporation/Africa Reiources Corporation and to The Aiegis Group
and that the said commissions and fees will be negotiated separately and
will form part of a separate aereement.

SIGNED AND ACCEPTED
DATED:  08/15/2000
For AFFFORDABLE HOMES OF AMERICA, INC

By: /s/ Merle Ferguson
        --------------
        Merle Ferguson
        President

<PAGE> 115

FOR AL NASR TRADING AND INDUSTRIAL CORPORATION LLC

By /s/ ADNAN KHASHOGGI
       ---------------
       ADNAN KHASHOGGI
       DIRECTOR

end of agreement.
TOTAL 8 PAGES

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