Termination Notice and Deposit Refund Request between 2050 Motors, Inc. and Jiangsu Aoxin New Energy Automobile Co., Ltd.
2050 Motors, Inc. has formally notified Jiangsu Aoxin New Energy Automobile Co., Ltd. that all previous agreements and discussions, including those from 2012, 2016, and 2017, are terminated due to Aoxin's failure to obtain necessary licenses to manufacture and sell the e-GO vehicle in China. 2050 Motors requests the return of $24,405 in vehicle deposits by international wire transfer. The notice asks Aoxin to confirm receipt and process the refund promptly.
May 15, 2019
Jiangsu Aoxin New Energy Automobile Co., Ltd.
Address: No.43, Hope Avenue South Road
Yancheng Economic and Technological Development Zone
Jiangsu Province, China
Postcode: 224007
Aoxin Motors:
This notice serves to officially terminate any and all discussions and prior agreement(s) or understanding(s) between 2050 Motors, Inc. including signed documents dated October 25, 2012 and supplemented on October 21,2016 and July 18, 2017. It is unfortunate that after seven (7) years, Aoxin Motors has not been able to obtain required licenses to manufacture and sell the e-GO vehicle in China.
We have vehicle deposits with Aoxin Motors of $US 24,405. Given Aoxin’s failure to deliver promised products to 2050 Motors, I request that you return these deposits to our offices by international wire as follows:
| ● | 2050 Motors, Inc. |
| ● | Bank of America |
| ● | Account #291028003885 |
| ● | Bank of America’s SWIFT code BOFAUS3N should be used for wires in U.S. dollars. Bank of America’s SWIFT code BOFAUS6S should be used for wires in foreign currency. |
Please confirm receipt of this correspondence.
Thank you.
Vikram Grover
CEO
2050 Motors, Inc.
USA ###-###-####
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