Subject: Support to Talgo
From: "Antonio Perez" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Cc: "Eric Schwerin" <[email-masked]>, "Nora Friend" <[email-masked]>
Date: Sun, 09 May 2010 22:54:45 -0400

Dear Hunter,

We have made internal progress toward getting the services of RSP with a
model that I hope can be acceptable by both. Attached please find a document
that summarizes our proposed main terms of an agreement.

Some explanation is required in order for you to understand our intent. At
this moment we see that there won¹t be any purchase of equipment because
either the Administration will required unrealistic Buy America goals, or
the FRA will not grant any money until the results of the PRIIA 305
Committee are made public. These are hurdles that we must overcome if we
want to play a role in the USA market.

Therefore we propose to sign an agreement to get the help of RSP as
consultants and for a period of one year. In the attached document you can
see the main terms to be included in such Agreement. After that, we could
identify specific projects on which RSP may take responsibility, but under a
different compensation arrangement.

I am going to be this Tuesday, May 11 in DC in an event and I will be
available from 3:30 pm. This is a short notice, but Nora and I would like to
meet with you and Eric to continue our discussions toward a successful
relationship.

Thank you

Antonio Perez
President & CEO
Cell: +1-202-286-0622