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Letter of Intent

 

 

Subject:           Letter of Intent  for Deploying JPods Networks in ZZZZ

Date:                _________________

Scope:             This Letter of Intent notes a mutual intent by the ___City/Government____ (GOVERNMENT) and JPods, Inc. (JPODS) to have an operational solar-powered JPods mobility network in ____Location____ (LOCATION) starting with the training network by A, 2014 and the approximately 30 km network by Oct 15, 2014.

Background:    The GOVERNMENT and JPODS have a mutual interest in demonstrating sustainable transportation with the following characteristics:

  • Regardless of age, ability or wealth.
  • Zero-emissions, collecting approximately 8,000 vehicle-km of solar electricity per km of rail.
  • Regardless of the price or availability of oil.
  • Safety standards at least 1,000 times safer than automobiles. Operating procedures of Morgantown WV’ Personal Rapid Transit network (has provided 177 million injury-free passenger-km).

Actions:           To further that common interest both parties intend to proceed to achieve the following by DATE:

  1. The GOVERNMENT agrees to grant approximately __x__ km of rights of way for a JPods network for a period of 30 years (area of Jianguo Road, Xin Ying Road to Mingda cycle to Xinying tunnel - Qianshan middle Road to VII bridge to Keji Road to Yueling Road to Qianshan Road to Yuanlin Road to Xinhua Street to Renming Park to Shenli Road to train station street).  This rights of way will allow the network to provide passenger transport, freight transport, trash and other waste removal, construction and emergency medical services.
  2. JPODS will fund, build and operate JPods network meeting all mutually agreed to specifications and esthetic considerations.  JPods may limit the scope of operation to assure function and safety.
  3. JPODS will provide an initial project plan by ___date___; final financing plan by ____date___; final technical and safety documentation by ___date____.  The GOVERNMENT will issue/reject rights of way agreement and building permits contingent on acceptable engineering and safety plans within 6 weeks of submission. These are essential to capital formation.
  4. Both parties will assign an official point of contact and agree to expedite action items to assure reasonable and efficient compliance with requirements. Drafts of plans and finances may be exchanged in advance of the due dates to facilitate coordinated and speedy actions.
  5. The GOVERNMENT will aid in collaborating with other government agencies as may be required.
  6. JPODS will encourage development of the LOCATION as a manufacturing base for solar-powered transportation networks.
  7. JPODS will form the LOCATION Local Mobility Company (LMC) to own and operate the competed network. Each Thursday at 3 PM, JPODS will sell networks that are operational and certified to the engineering and safety standards to the LMC. The GOVERNMENT will facilitate forming the LMC company and encourage a substantial local ownership of the transportation network. JPODS will assist the LMC in obtaining commercial bonds to buy the rail networks and provide a guarentee to the bond holders. The GOVERNMENT will make a “best effort” to provide government backed bonds to the LMC to purchase the operational network.

Individuals signing this agreement have the authority to act for their parties and in support of the agreement.  The items specified in the Letter of Intent are within the capacity of each party to fulfill.

 

_____________________________                _______________________________

???                                                                    William James

ZZZZ                                                                  JPods, Inc.

Title                                                                  President

 

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