 Letter of Intent to serve as basis for definitive agreements for an initial purchase order of 1,500 MX-05s and up to and additional 8,500 by 2025. BREA, CA ACCESSWIRE December 30, 2020 Mullen Technologies Inc. Mullen or the Company, an emerging electric vehicle EV manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. NASDAQ:NETE in a stock-for-stock reverse merger in which Mullens stockholders will receive a majority of the outstanding stock in the post-merger company, announced today that the Company has executed a non-binding Letter of Intent with Unlimited Electrical Contractors Corp UEC to enter definitive agreements for the purchase of up to 10,000 MX-05 electric vehicles. 