Sunday, October 05, 2014 1:00:23 PM
The Ronn Motor Group, Inc.
4848 Cactus Rd
Suite 505-225
Scottsdale, AZ 88254
Re: Indication of Intent
Dear Mr. Maxwell:
Pursuant to our conversations pertaining to the preparation of a letter of intent, NuState Energy Holdings, Inc. (“NuState”) is pleased to submit this confidential indication of intent to enter into a license agreement with The Ronn Motor Group (RMG) in relation to the purchase of its IP software, GPSTrax (The “Transaction”). The purchase will include all current documentation and the training will be supported by the Company’s existing management team for the length of the agreement.
The Transaction contemplated in this indication of interest builds on the solid foundation laid by NuState and allows RMG to expand the business within the governmental and commercial markets across the globe.
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