FIRST AMENDMENT OF TECHNOLOGY LICENSE AND STOCK PURCHASE AGREEMENT

Exhibit 10.1

FIRST AMENDMENT OF

TECHNOLOGY LICENSE AND

STOCK PURCHASE AGREEMENT

This First Amendment of Technology License and Stock Purchase Agreement (this “Amendment”) is made and entered into this 14th day of May, 2009, by and between Boreas Research Corporation (“Licensor”), a Florida corporation, and First National Energy Corporation (“Licensee”), a Nevada corporation. Licensor and Licensee are sometimes referred to collectively as the “the Parties.”

RECITALS

WHEREAS, the Parties have made and entered into that certain Technology License and Stock Purchase Agreement (the “Agreement”), dated as of April 21, 2009; and

WHEREAS, pursuant to the Agreement, a portion of the license fee due from Licensee to Licensor is payable in common shares of Licensee, which shares may, at the option of Licensor, be issued to the stockholders of Licensor and not to Licensor; and

WHEREAS, Parties now wish to document Licensor’s election to have such common shares of Licensee issued at the Closing to the stockholders of Licensor and not to Licensor, and to make an adjustment in the number of such common shares of Licensee to be issued at the Closing.

NOW, TH