February 23, 2010 Jeffery Peck Owner and President Suite 511 South Burlington, Vermont 05403 RE: LETTER OF INTENT Between GREEN ENERGY LIVE, INC. and JEFFERY PECK concerning the STOCK PURCHASE ARRANGEMENT OF PECK ELECTRIC, INC. BY GREEN ENERGY LIVE,...Letter of Intent • February 26th, 2010 • Green Energy Live Inc • Industrial organic chemicals
This Letter of Intent is made between Green Energy Live, Inc. ("GELV") and Jeffery Peck (the “Majority Owner”), shareholder of Peck Electric, Inc. (”PEI”). Majority Owner has indicated his intention to sell all of his ownership interests in PEI (as well as coordinate in selling ownership interest from all of PEI owners), and GELV have indicated their intention to purchase 100% ownership interests in PEI. In consideration of furthering this business interests, GELV and Majority Owner do hereby agree as follows, with the intention that the general terms, as amended through due diligence, of this Letter of Intent shall be binding and be implemented under any contemplated terms of a Definitive Agreements (“Definitive Agreements”), to be drafted at a later date.
