0001108017-07-000054 Sample Contracts

Phoenix Aerospace, Inc. Carson City, Nevada 89706
Debt Conversion Agreement • January 26th, 2007 • Phoenix International Ventures, Inc. • Nevada

This letter agreement confirms our recent discussions during which you were informed that the Company contemplates becoming a wholly owned subsidiary of Phoenix International Ventures, Inc., a Nevada corporation, and our mutual desire that the Company’s debt to you be converted under certain conditions into common stock of Phoenix International Ventures, Inc. As a part of this transaction, Zahir Teja will continue to serve as the President and CEO of the Company and will also serve as President and CEO of Phoenix International Ventures, Inc.

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PHOENIX INTERNATIONAL VENTURES, INC. EMPLOYMENT AGREEMENT
Employment Agreement • January 26th, 2007 • Phoenix International Ventures, Inc. • Nevada

EMPLOYMENT AGREEMENT (this “Agreement”) made as of this 14th day of December, 2006 by and between PHOENIX INTERNATIONAL VENTURES, INC., a Nevada corporation, having an office at 2201 Lockheed Way, Carson City, Nevada 89706 ("Employer") and Neev Nissenson, an individual residing at 11a Yehuda Hamacabi St., Herzliya, Israel ("Executive");

PHOENIX INTERNATIONAL VENTURES, INC. EMPLOYMENT AGREEMENT
Employment Agreement • January 26th, 2007 • Phoenix International Ventures, Inc. • Nevada

EMPLOYMENT AGREEMENT (this “Agreement”) made as of this 14th day of December, 2006 by and between PHOENIX INTERNATIONAL VENTURES, INC., a Nevada corporation, having an office at 2201 Lockheed Way, Carson City, Nevada 89706 ("Employer") and Teja N. Shariff, an individual with an address at 388 East Main Street, Branford, CT 06405 ("Executive");

Consulting Agreement
Consulting Agreement • January 26th, 2007 • Phoenix International Ventures, Inc.

This agreement is valid as long as PIV exists and Teja and or the Nissenson family directly or indirectly own shares in PIV.

SHARE EXCHANGE AGREEMENT
Share Exchange Agreement • January 26th, 2007 • Phoenix International Ventures, Inc. • Nevada

THIS SHARE EXCHANGE AGREEMENT (this “Agreement”), is entered into as of the 1st day of December, 2006, by and among: (i) Phoenix International Ventures, Inc. a Nevada corporation (“International Ventures”), (ii) Phoenix Aerospace, Inc., a Nevada corporation (“Aerospace”), and (iii) Zahir Teja, the owner of all the issued and outstanding shares of Aerospace and a stockholder of International Ventures (“Teja”). International Ventures, Aerospace, and Teja are referred to collectively as the “Parties”.

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