BOREAS RESEARCH CORPORATIONFirst National Energy Corp. • April 21st, 2009 • Electric services
This Letter of Intent (this “LOI”) is effective as of the above date, and is made by and between First National Energy Corporation, a Nevada corporation (hereinafter referred to as “FNEC”), whose principal business address is set forth above, and Boreas Research Corporation, a Florida corporation, (hereinafter referred to as “BRC”), whose principal address is set forth above, and confirms our recent discussions and sets forth in principle the terms upon which FNEC will be acquired by BRC in consideration of a technology license to be issued to FNEC by BRC.
