1. Will the tank cycle with only 10 fry in it ?
If you are running a filter on the tank, it will cycle. Fry need to be fed often so there will be waste products.
2. Will the water changes be necessary & if so how much & how often ?
Water changes will be neccesary to ensure good growth of the fry. Try for a 25% change weekly, but monitor your water quality. If nitrates get high, you'll need to update the frequency or percentage change. You may need to do more if you tank isn't cycled. I would not want to see any ammonia or NitrIte in the water with fry.
3. Should I keep the power filter on or off ?
A better option would be an internal sponge filter, driven with bubbles (air pump). You should have some form of filtration. If the power filter is all you have, place a sponge or something similar over the intake to the fry don't get pulled in. Adjust the filter to the lowest output you can.
4. Will the fry tolerate "White Spot" treatment ?
I guess it depends what medication you are using. Do they have signs of white spot/ich?