Euro Solar Parks, Inc. (OTCPK: ESLP) signed a letter of intent to acquire E3 Hus AB for $0.03 million in stock on December 2, 2011. As purchase consideration, Euro Solar will issue 13.3 million shares of its common stock. The number of shares issued will be subject to market adjustment at the time of closing. For the year ended December 31, 2010, E3 Hus generated $2.8 million in revenue and had $1.8 million in assets. E3 Hus will become a wholly-owned subsidiary of Euro Solar. The transaction is subject to due diligence, working capital investment by Euro Solar of $1 million into E3 Hus in order to finance its continued growth plans, execution of definitive agreement, regulatory and shareholder approvals. The transaction is expected to be closed by March 31, 2012.

Euro Solar Parks, Inc. cancelled the acquisition of E3 Hus AB on December 2, 2012.