Document:

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                                                                    Exhibit 10.5

                                  CROSS RECEIPT

     In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of March 19, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Partners, LLC (the "Buyer") and the
other purchasers named therein, the Company and the Buyer acknowledge as
follows:

     1. The Buyer hereby acknowledges receipt from the Company of a Convertible
Debenture in the aggregate principal amount of Thirty-Three Thousand Three
Hundred Thirty-Three Dollars ($33,333) and Warrants to purchase 33,333 shares of
the Company's Common Stock.

     2. The Company hereby acknowledges receipt from the Buyer, by surrender of
a promissory note in principal amount of Thirty-Three Thousand Three Hundred
Thirty-Three Dollars ($33,333) the sum of Thirty-Three Thousand Three Hundred
Thirty-Three Dollars ($33,333).

     IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt this
19th day of March, 2004.

AQUATIC CELLULOSE INTERNATIONAL CORP.   AJW PARTNERS, LLC
                                        By:    SMS Group, LLC

By:/s/ Sheridan Westgarde               By:
   ----------------------------------      -------------------------------------
   Sheridan B. Westgarde                   Corey S. Ribotsky
   President and                           Manager
   Chief Executive Officer

<PAGE>

                                  CROSS RECEIPT

     In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of March 19, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Offshore, Ltd. (the "Buyer") and the
other purchasers named therein, the Company and the Buyer acknowledge as
follows:

     1. The Buyer hereby acknowledges receipt from the Company of a Convertible
Debenture in the aggregate principal amount of Four Hundred Thirty-Three
Thousand Three Hundred Thirty-Three Dollars ($433,333) and Warrants to purchase
433,333 shares of the Company's Common Stock.

     2. The Company hereby acknowledges receipt from the Buyer, by surrender of
a promissory note in principal amount of Thirty-Three Thousand Three Hundred
Thirty-Three Dollars ($33,333) and by wire transfer of immediately available
funds, the sum of Four Hundred Thirty-Three Thousand Three Hundred Thirty-Three
Dollars ($433,333), said funds having been transferred to the Company's account
in accordance with the Company's written instructions.

     IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt this
19th day of March, 2004.

AQUATIC CELLULOSE INTERNATIONAL CORP.   AJW OFFSHORE, LTD.
                                        By:    First Street Manager II, LLC

By:/s/ Sheridan Westgarde               By:
   ----------------------------------      -------------------------------------
   Sheridan B. Westgarde                   Corey S. Ribotsky
   President and                           Manager
   Chief Executive Officer

<PAGE>

                                  CROSS RECEIPT

     In connection with the closing of the transactions contemplated by the
Securities Purchase Agreement dated as of March 19, 2004 among Aquatic Cellulose
International Corp. (the "Company"), AJW Qualified Partners, LLC (the "Buyer")
and the other purchasers named therein, the Company and the Buyer acknowledge as
follows:

     1. The Buyer hereby acknowledges receipt from the Company of a Convertible
Debenture in the aggregate principal amount of Four Hundred Thirty-Three
Thousand Three Hundred Thirty-Four Dollars ($433,334) and Warrants to purchase
433,334 shares of the Company's Common Stock.

     2. The Company hereby acknowledges receipt from the Buyer, by surrender of
a promissory note in principal amount of Thirty-Three Thousand Three Hundred
Thirty-Four Dollars ($33,334) and by wire transfer of immediately available
funds, the sum of Four Hundred Thirty-Three Thousand Three Hundred Thirty-Four
Dollars ($433,334), said funds having been transferred to the Company's account
in accordance with the Company's written instructions.

     IN WITNESS WHEREOF, the undersigned have executed this Cross Receipt this
19th day of March, 2004.

AQUATIC CELLULOSE INTERNATIONAL CORP.   AJW QUALIFIED PARTNERS, LLC
                                        By: AJW Manager, LLC

By: /s/ Sheridan Westgarde               By:
    ---------------------------------       ------------------------------------
    Sheridan B. Westgarde                   Corey S. Ribotsky
    President and Chief Executive           Manager
       Officer<PAGE>
                                                                    Exhibit 10.6

                             SECRETARY'S CERTIFICATE

     The undersigned, Shane Kerpan, Secretary of Aquatic Cellulose International
Corp., a Nevada corporation (the "Company"), in connection with the
authorization and issuance of Convertible Debentures in the aggregate principal
amount of Nine Hundred Thousand Dollars ($900,000) and Warrants to purchase an
aggregate of 900,000 shares of the Company's Common Stock, in accordance with
the Securities Purchase Agreement dated March 19, 2004, by and among the Company
and each of the purchasers set forth on the signature pages thereto (the
"Private Placement"), hereby certifies that:

     1. He is the duly appointed Secretary of the Company.

     2. Attached as Exhibit A hereto is a true and complete copy of the Articles
of Incorporation of the Company, as amended through the date hereof; no action
has been taken by the Company in contemplation of any amendment of said Articles
of Incorporation or any liquidation, dissolution, merger or consolidation of the
Company.

     3. Attached as Exhibit B hereto is a true and complete copy of the Bylaws
of the Company, as amended through the date hereof.

     4. Attached as Exhibit C hereto is a true and complete copy of the
resolutions duly adopted by the Board of Directors of the Company by unanimous
written consent on December 15, 2003; such resolutions remain in full force and
effect and have not been rescinded, modified or supplemented and no other
corporate resolutions have been adopted by the Company in connection with the
Private Placement.

     IN WITNESS WHEREOF, the undersigned has executed this Secretary's
Certificate as of the 19th day of March, 2004.

                                        /s/ Sheridan Westgarde
                                        ----------------------------------------
                                        Sheridan B. Westgarde
                                        Secretary

<PAGE>

                              OFFICER'S CERTIFICATE

     The undersigned, Sheridan B. Westgarde, President and Chief Executive
Officer of Aquatic Cellulose International Corp., a Nevada corporation (the
"Company"), in connection with the authorization and issuance of Convertible
Debentures in the aggregate principal amount of Nine Hundred Thousand Dollars
($900,000) and Warrants to purchase an aggregate of 900,000 shares of the
Company's Common Stock, in accordance with the Securities Purchase Agreement
dated March 19, 2004 by and among the Company and each of the purchasers set
forth on the signature pages thereto (the "Purchase Agreement"), hereby
certifies that:

     1. He is the duly appointed President and Chief Executive Officer of the
Company.

     2. The representations and warranties made by the Company in Section 3 of
the Purchase Agreement are true and correct in all material respects as of the
date of this Officer's Certificate. The capitalization of the Company described
in Section 3(c) of the Purchase Agreement has not changed as of the date hereof.

     3. As of the date hereof, the Company has satisfied and duly performed all
of the conditions and obligations specified in Section 7 of the Purchase
Agreement to be satisfied on or prior to the Closing Date (as defined in the
Purchase Agreement) or such conditions and obligations have been waived.

     4. The Company has complied with or, if compliance prior to Closing (as
defined in the Purchase Agreement) is not required, promptly following the
Closing the Company will comply with, the filing requirements in respect of this
transaction under (a) Regulation D under the Securities Act of 1933, as amended
(the "1933 Act") (and applicable Blue Sky regulations) and (b) the Securities
Exchange Act of 1934, as amended.

     5. There has been no adverse change in the business, affairs, prospects,
operations, properties, assets or condition of the Company since May 31, 2003,
the date of the Company's most recent audited financial statements delivered to
the Buyers (as defined in the Purchase Agreement), other than matters which
would not, individually or in the aggregate, have a Material Adverse Effect (as
defined in the Purchase Agreement).

     6. The Company is qualified as a foreign corporation in all jurisdictions
in which the Company owns or leases properties, or conducts any business except
where failure of the Company to be so qualified would not have a Material
Adverse Effect (as defined in the Purchase Agreement).

     IN WITNESS WHEREOF, the undersigned has executed this Officer's Certificate
as of the 19th day of March, 2004.

                                        /s/ Sheridan Westgarde
                                        ----------------------------------------
                                        Sheridan B. Westgarde President and
                                           Chief Executive Officer<PAGE>
                                                                    Exhibit 10.7

                      AQUATIC CELLULOSE INTERNATIONAL CORP.
                            2504 43RD STREET, SUITE 5
                            VERNON, BRITISH COLUMBIA
                                 CANADA VIT-6L1

                                 March 19, 2004

AJW Partners, LLC
New Millennium Capital Partners II, LLC
1044 Northern Boulevard
Suite 302
Roslyn, New York 11576

     Re:  AQUATIC CELLULOSE INTERNATIONAL CORP. (THE "COMPANY") - AMENDMENT OF
          DEBENTURES

Ladies and Gentlemen:

     This letter sets forth the agreement of the parties hereto to provide for
(i) an amendment of the conversion price of certain debentures which are
convertible into shares of the Company's common stock, par value $.001 per share
(the "Common Stock"), originally issued by the Company to the investors listed
in the signature pages hereto (collectively, the "Investors") in September 2000,
January 2001, March 2001 and December 2001 (the "Debentures"), as set forth on
Schedule 1 hereto; and (ii) an amendment of the maturity date of the Debentures.

     By execution hereof, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree that:

     1.   The applicable discount is hereby amended to be 60.0%.

     2.   The maturity date of the Debentures is hereby amended to be March 19,
          2006.

     3.   All other provisions of the Debentures and the Warrants shall remain
          in full force and effect.

     The parties shall do and perform, or cause to be done and performed, all
such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other parties hereto
may reasonably request in order to carry out the intent and accomplish the
purposes of this letter agreement, including without limitation the issuance of
amended Debentures.

                            [Signature Page Follows]

<PAGE>

     Please signify your agreement with the foregoing by signing a copy of this
letter where indicated and returning it to the undersigned.

                                        Sincerely,

                                        AQUATIC CELLULOSE
                                        INTERNATIONAL CORP.

                                        /s/ Sheridan Westgarde
                                        ----------------------------------------
                                        Sheridan B. Westgarde
                                        President and Chief Executive Officer

ACCEPTED AND AGREED:

AJW PARTNERS, LLC
By: SMS GROUP, LLC

----------------------------------------
Corey S. Ribotsky, Manager

NEW MILLENNIUM CAPITAL PARTNERS II, LLC
By: FIRST STREET MANAGER II, LLC,

----------------------------------------
Corey S. Ribotsky, Manager

<PAGE>

SCHEDULE 1

                                                         ORIGINAL
                                           DATE OF      PRINCIPAL
INVESTOR                                  DEBENTURE       AMOUNT
---------------------------------------   ----------   -----------
AJW Partners, LLC                         09/29/2000   $231,650.00
New Millennium Capital Partners II, LLC   09/29/2000   $236,650.00
AJW Partners, LLC                         01/25/2001   $  8,750.00
New Millennium Capital Partners II, LLC   01/25/2001   $ 26,662.00
AJW Partners, LLC                         03/14/2001   $ 50,000.00
New Millennium Capital Partners II, LLC   03/14/2001   $ 27,088.00
AJW Partners, LLC                         12/16/2001   $100,000.00
New Millennium Capital Partners II, LLC   12/16/2001   $100,000.00

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