Unassociated Document


    

     

    Wednesday,
January 5, 2011

    


    SOLANEX
MANAGEMENT INC.

    ATTN:  Mr.
David J. Eckert

    3820 Boca
Chica Avenue

    Las
Vegas, Nevada 89120-2056

    (702)
932-1576

    


    Re: Letter of Intent

    


    Dear Mr.
Eckert:

    


    This
binding letter of intent (“Letter of Intent”) hereby states the intentions of
Corbridge Group, Inc., a Texas corporation, (hereinafter “Corbridge”) and
Solanex Management Inc., a Nevada corporation (Entity Number C27331-2000),
(hereinafter “Solanex”) in relation to an asset purchase transaction
(hereinafter “Transaction”) which involves Solanex acquiring various assets of
Corbridge.  Solanex will tender unregistered shares of common stock,
$0.001 par value per share, of Solanex (the “Shares”) from Solanex’s treasury in
exchange for the assets of Corbridge.

    


    The
Corbridge assets to be purchased in the Transaction are:  (1) any and
all of the contracts and other assets previously held by EIT Telecom, Inc., a
Delaware subsidiary of Corbridge and contributed to Corbridge, (2) the loans
previously held by Pedernales River Capital Holdings, Inc., a Colorado
subsidiary of Corbridge and contributed to Corbridge, (3) the telecom assets
previously held by Corbridge Communications, Inc., a Colorado subsidiary of
Corbridge and contributed to Corbridge, and (4) Corbridge’s option to purchase
certain real estate assets, which consists of (a) an 191 unit apartment complex
on Cambridge Street in Las Vegas, Nevada and (b) two four-story apartment
buildings (43 units total) in Brooklyn, New York (hereinafter, the
“Assets”).

    


    In
exchange for the Assets, Solanex will issue thirty (30) million Shares to
Corbridge and/or parties designated by Corbridge (e.g., the current owners of
the Las Vegas and Brooklyn real estate properties) at four cents (4¢) a
share.  The Shares to be issued will represent sixty-six (66%) of the
issued and outstanding shares of Solanex.

    


    On the
date of the close of the Transaction, Mr. Charles R. Shirley, Mr. Earle G.
Hickey, Mr. Joseph Curci and Ms. Rosalia Miray will be appointed to the Board of
Directors of Solanex and Mr. David J. Eckert will resign.  The
Transaction documents shall contain standard representations and warranties,
covenants and indemnification.

    


    If you
are in full agreement with the terms of this binding Letter of Intent please
sign in the space provided below and fax it back to me at (832) 201-0892. Thank
you for your attention to this matter.  If you have any questions,
please feel free to call me on (832) 225-1372.

    


    Best
regards,

    CORBRIDGE
GROUP, INC.

     

    
      
        
          
            	
                    /s/
      CHARLES R SHIRLEY

                  	 	 	
                     

                  	 
	
                    Charles
      R. Shirley, J.D.

                  	 	 	
                     

                  	 
	
                    Chief
      Executive Officer

                  	 	 	
                     

                  	 


          

        

      

    

     

     

    
      
        
          
            
              	 	 	AGREE:
                            
                      SOLANEX
      MANAGEMENT INC.

                    	 
	 	 	 	 
	
                       

                    	
                       

                    	/s/
      DAVID J ECKERT	 
	 	 	David
      J. Eckert	 
	 	 	Chief
      Financial Officer	 


            

             

          

        

      

    

    


    
      11811
North Freeway, Suite 500

      Houston,
Texas 77060-3287