Document:

EXHIBIT 10.2

                           MEMORANDUM OF UNDERSTANDING

Dated:            October 8, 2003

Between:          Nova Communications Ltd.
                  370 Amapola Ave., Suite 202
                  Torrance, California 90501             ("Nova")

And               PowerSki International Corporation
                  150 A- Calle Iglesia
                  San Clemente, California               ("PowerSki")

         Nova and PowerSki have had discussions regarding a possible merger and
have previously entered into a Letter of Intent dated May 2, 2003 ("Letter of
Intent") regarding such possible merger ("Merger"). Nova and PowerSki have
subsequently had discussions which have resulted in an more complete
understanding between them regarding the Merger. In order to assure that they
have a mutual understanding of the general terms and conditions of the Merger,
Nova and PowerSki have entered into this Memorandum of Understanding.

         It is agreed that this Memorandum of Understanding shall be a binding
and legally enforceable agreement as it pertains to the obligation of PowerSki
pursuant to Section 4 to repay to Nova all funds advanced by Nova to PowerSki
pursuant to Section 3 of this Memorandum of Understanding.

         1. PowerSki and Nova shall enter into an Agreement and Plan of Merger
pursuant to which PowerSki will be merged into Nova with Nova being the
surviving corporation. Upon completion of the Merger, Nova will change its name
to PowerSki International Corporation.

         2. Under the terms of the proposed Agreement and Plan of Merger, Nova
will issue to the shareholders of PowerSki shares of the common stock of Nova
("Shares") such that the shareholders of PowerSki will hold 80% of the issued
and outstanding common stock of Nova at consummation of the Merger. PowerSki
understands that the Shares may be deemed "restricted securities" under the
Securities Act of 1933 and the subsequent transfers of the Shares will be
subject to the requirements of the Securities Act of 1933.

         3. Prior to the execution of the Agreement and Plan of Merger, Nova
shall provide working capital funding ("Funding") to PowerSki up to an aggregate
of $2,000,000. The Funding will occur according to the following schedule:

                  (a)      A minimum of $1,000,000 will be tendered to PowerSki
                           within 30 days of the date of this Memorandum of
                           Understanding;
                  (b)      An additional $1,000,000 will be tendered to PowerSki
                           on or before December 31, 2003;

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         4. In the event that Nova and PowerSki do not execute, for any reason
whatsoever, a definitive Agreement and Plan of Merger on or before December 31,
2003, PowerSki agrees to repay to Nova all of the Funding tendered by Nova up to
the date that Nova and PowerSki determine that a definitive Agreement and Plan
of Merger will not be executed. The obligation of PowerSki to repay Nova under
this Section 4 will be represented by a Promissory Note in favor of Nova bearing
simple interest at the rate of 10% per annum with the entire principal and
interest due and payable in a lump sum on the last day of the twelfth month
following the date of the Promissory Note.

         5. The definitive Agreement and Plan of Merger will provide that the
current senior management of PowerSki will be employed by Nova, as the surviving
corporation, in similar senior management capacities subject to mutually
acceptable terms and conditions of such employment.

         6. It is agreed that the Licensing Agreement between HydroForce and
PowerSki will be have amended prior to the execution of the definitive Agreement
and Plan of Merger to include a guaranteed minimum production schedule or a
minimum royalty fee to be paid in lieu thereof.

         7. The Agreement and Plan of Merger will contain the usual and
customary warranties and representations of parties to agreements of the sort
contemplated by this Memorandum of Understanding.

         8. It is agreed that Nova and PowerSki will each bear their own
expenses incurred in connection with the preparation of the definitive Agreement
and Plan of Merger, including fees of their respective attorneys, accountants
and other advisors.

         9. It is understood that this Memorandum of Understanding is a
statement of the mutual understanding of the parties at this time regarding the
matters addressed herein. The definitive Agreement and Plan of Merger is subject
to the review and approval of the the respective legal counsel and the boards of
directors and/or the shareholders of Nova and PowerSki, respectively, as the
case may be. It is understood that except for the provisions of Section 4, which
is binding on PowerSki, neither Nova nor PowerSki will be bound to the other by
this Memorandum of Understanding for damages, expenses, failure to execute a
definitive Agreement and Plan of Merger, or in any other way.

  Nova Communications Ltd.             PowerSki International Corporation

  By:                                  By:
     -----------------------------        --------------------------------------
      Kenneth D. Owen, President          Robert E. Montgomery, Chief Executive
                                          OfficerEXHIBIT 10.3

                         MEMORANDUM OF UNDERSTANDING II

Dated: February 2, 2004

Between:     Nova Communications Ltd. (Nova)
             370 Amapola Ave., Suite 202
             Torrance CA 90501

And:         Power Ski International Corporation (PSI)
             150-A Calle Iglesia
             San Clemente CA 92673

         Nova and PSI have had discussions regarding a possible merger or other
business combination and have previously entered into a Letter of Intent, dated
May 2, 2003 (LOI), and a Memorandum of Understanding, dated October 8, 2003
(MOU#1), wherein Nova had promised to use its best efforts to obtain working
capital funding for PSI in the total sum of $2,000,000 on or before December 31,
2003. Nova and PSI have subsequently had discussions, which have resulted in the
following revised memorandum of understanding (MOU#2):

1.       PSI and Nova will enter into a definitive merger or other business
combination agreement (Agreement). Regardless of the nature of the business
combination, the ultimate name of the resulting entity (Successor) will be
"PowerSki International Corporation", or similar.

2.       Prior to the execution of the Agreement, Nova will use its best efforts
to obtain working capital funding for PSI in the amount shown below (Funding) in
an aggregate amount and on following terms and conditions:

         a.   Nova will provide Funding in an aggregate amount equal to or
              greater than $2,000.000.00. The parties acknowledge and agree that
              at this time the sum of no less than $600,000.00 has been
              previously tendered to PSI by Nova, and that the remaining sum of
              $1,400,000.00 remains outstanding.

         b.   An initial payment of $50,000 from Nova to PSI is due upon
              execution hereof. Thereafter, not less than $25,000.00 of the
              Funding will be provided to PSI within each week following the
              date of execution hereof. A final instalment shall be paid no
              later than six months following the date of execution hereof and
              shall equal the difference between $2,000,000.00 and the total of
              all previous Funding paid by Nova to PSI under the LOI, MOU#1, and
              MOU#2.

         c.   Failure by Nova to pay $25,000.00 within any week following
              execution hereof shall be deemed a substantial breach of this
              MOU#2, and Nova shall have ten (10) days after written notice from
              PSI thereof to cure its failure. Nova's failure to cure shall
              constitute a termination of this MOU#2 (Termination), subject to,
              and excepting, Sections 5 and 11.

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Letter of Intent - Page 2 of 3

3.       The closing of the Agreement (Closing) will be a date not later than
one month following payment by Nova of the entire Funding and not later than two
hundred ten (210) days after the date of this MOU#2, unless otherwise agreed by
these parties.

4.       In the event an Agreement is not executed for any reason within the
time for Closing, other than by reason of Nova's failure to pay the entire
$2,000,000, when due, as provided in Section 2, PSI will repay all of the
Funding paid by Nova up to the date that Nova and PSI notify each other in
writing that the Agreement will not be executed (Abandonment). This obligation
shall be evidenced by a promissory note (Note1) without prepayment penalties in
favor of Nova bearing simple interest at the rate of 10% per annum with the
entire principal and interest due and payable in a lump sum on the last day of
the twelfth (12th) month following the date of Note1.

5.       In the event an Agreement is not executed for the reason stated in
Section 2(c), PSI will repay all of the Funding paid by Nova up to the date of
Termination, as follows: Fifty percent (50%) of the Funding paid by Nova up to
the date of Termination shall be evidenced by a promissory note (Note2) without
prepayment penalties in favor of Nova bearing simple interest at the rate of 10%
per annum with the entire principal and interest due and payable in a lump sum
on the last day of the thirty-sixth (36th) month following the date of Note2.
This note shall be secured by a stock pledge agreement based upon the
then-current value of PSI stock. The stock pledge agreement shall not be subject
to the filing of UCC financing statements. The remaining fifty percent (50%) of
the Funding paid by Nova up to the date of Termination shall be applied towards
the purchase by Nova of an available PSI distributorship at a fifty percent
(50%) discount to the then-present value of which is to be negotiated by the
parties based upon comparable values of similarly situated distributorships sold
by PSI, which value shall include, without limitation, a comparably substantial
prepaid annual volume of board purchases.

6.       The Successor shall be owned 80% by PSI and 20% by Nova. The Successor
shall not be obligated to convert Nova debt into Successor equity at a discount
to then present market value.

7.       The terms of the proposed merger will be further negotiated and
memorialized in the definitive Agreement, which will contain the usual and
customary representations and warranties of parties to agreements of the sort
contemplated by this MOU#2.

8.       Prior to Closing, Abandonment or Termination, the representatives of
Nova and PSI, respectively, are to be permitted to make a full and complete
investigation (Due Diligence) of the business, properties, customers, financial
statements and books and records of PSI and Nova, respectively.

9.       Prior to Closing, Abandonment or Termination, PSI and Nova will each
operate in the ordinary course of their businesses and will use their best
efforts to preserve their businesses and their relationships with their
employees, customers, distributors and suppliers.

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Letter of Intent - Page 2 of 3

10.      Nova and PSI each agree to bear their own expenses incurred in
connection with the proposed Agreement, including fees of their respective
attorneys, accountants and other advisors.

11.      Nova and PSI have signed a confidentiality agreement, which agreement
is attached and incorporated into the LOI, and which agreement remains in full
force and effect under its own terms and conditions.

12.      Prior to Closing, Abandonment or Termination, no party will hereafter
make any announcement regarding the transaction contemplated hereby without the
prior approval of the other party to this MOU#2. Either party will endeavor to
review and approve any such proposed announcement by the other within one
business day.

13.      The Agreement will provide that the current senior management of PSI,
as specified by its CEO, shall be employed by the Successor in similar
management capacities, subject to terms and conditions mutually acceptable to
each management member and Successor.

14.      The licensing agreement between HydroForce and PSI will be amended
prior to execution of the Agreement to include a guaranteed minimum production
schedule or a minimum royalty fee to be paid in lieu thereof.

15.      This MOU#2 is a statement of the mutual intention and understanding of
the parties at this time. The Agreement is subject to satisfactory Due Diligence
and other review and approval of the parties' respective legal counsel and the
boards of directors and/or shareholders, as the transaction may require. Neither
Nova nor PSI will be bound to the other by this MOU#2 for damages, expenses,
failure to finally execute a definitive Agreement, or in any other way, except
that PSI's obligations to repay Nova under Sections 4 shall be binding and
legally enforceable. In addition, Sections 11 and 12 shall be binding and
legally enforceable upon and against the parties.

Nova Communications Ltd.                    Power Ski International Corporation

By: /s/ KENNETH D. OWEN                     By: /s/ ROBERT E. MONTGOMERY, CEO

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