Proyectos Aeroespacial Argentinos Nuevas Tecnologías 7 Deciembre 2011

1. Proyectos Aeroespacial Argentinos Nuevas Tecnologías 7Deciembre 2011  AeroVehicles Inc. 2002

2. Introduction Definition of a Hybrid Aircraft “A hybrid aircraft combines the characteristics of heavier-than-air (HTA) technology, fixed-wing aircraft or helicopter, and lighter-than-air (LTA) airship technology.” AeroCat • Has an endurance that can be measured in days • Is capable of landing or taking off with heavy payloads from almost anywhere, including remote fields, deserts, marshes, harbors or waterways • Development time and cost is a fraction of a comparable traditional new aircraft. The Technology • fully developed and safety tested • This is not a new aircraft design, but an updated design using today’s technology During the last seven years, AEROVEHICLES INC. has refined the design and secured the industry partners necessary to certify and produce the AeroCat line of hybrid aircraft.  AeroVehicles Inc. 2002

3. History AeroCat AVI Video Lockheed Martin P-791 SkyCat SkyKitten I Lockheed Martin AeroCraft Westinghouse Sentinel 1000 2012 2006 2000 1992 1998 1999  AeroVehicles Inc. 2002

4. Benefits of AeroCat • No Ground Infrastructure Required • Low Capital and Operating Costs • Endurance Measured in Days • Quick-change Payload Deck • Environmentally Friendly • Weather Tolerance • Semi-rigid Design  AeroVehicles Inc. 2002

5. Specifications Allowable useful load 41,000 kg Maximum payload weight 25,000 kg Range @ maximum payload ≥ 1200 nm Endurance (varies based on payload) ≥ 36 hrs Maximum efficient cruise speed 70 kts Nominal cruise altitude 1220 mt Maximum sustained altitude 3050 mt Emergency short duration altitude 3660 mt Ancho: 148 ft / 45.1 m Alto: 83 ft / 25.3 m Ancho Largo: 310 ft / 94.4 m  AeroVehicles Inc. 2002

6. Alliances San Luis, Argentina - Facilities Air Vehicles Ltd., United Kingdom - ACLS TCOM, L.P., United States - Helium Envelope Motive Industries Inc., Canada - Structural Composites INTI, Argentina - Destructive and Non-destructive Testing  AeroVehicles Inc. 2002

7. FacilitiesZona Franca Justo Daract; San Luis, Argentina  AeroVehicles Inc. 2002

8. FacilitiesZona Franca Justo Daract; San Luis, Argentina  AeroVehicles Inc. 2002

9. Market Analysis Commercial Market • General Cargo • Sightseeing/Passenger Market • Mineral and Petroleum Industry • Heavy Lift and Oversized Cargo • Combatting Wild Fires Government Agencies: • Border Patrol • Drug Enforcement • Coast Guard Search & Rescue • Disaster and Humanitarian Aid  AeroVehicles Inc. 2002

10. Economic Benefits Benefits at production rate • Estimated 400 new employees inside the FTZ • Additional jobs created to support the FTZ • Production revenue over $480 M • Ancillary revenue not estimated  AeroVehicles Inc. 2002

11. Competition • Hybrid Air Vehicles • Teamed with Northrop Grumman • Purchase orders from Discovery Air Innovations, Canada • Filed for certification with EASA • Lockheed Martin • Sold production rights to Aviation Capital of Canada • Filed for certification with the FAA Spain Video  AeroVehicles Inc. 2002

12. Patents  AeroVehicles Inc. 2002

13. Management Team Chief Executive Officer / Chairman of the Board of Directors: J. Robert Fort; California, USA Chief Operations Officer / President / Director: Bob R. Fowler; San Luis, Argentina Chief Technical Officer /Board Advisor: Bruce R. Wright; California, USA Vice President Business Administration / Director and Board Secretary: M.Sc. Oscar A. Castro Silla;Buenos Aires, Argentina Vice President Operations / Director: Julian Phillip Beville-Anderson; Queensland, Australia Vice President Legal / Director: Federico Wesselhoefft, LLM (EMLE); Madrid, Spain Vice President Information Technology (IT) /Board Advisor: Franco A. ScilliaThost; Cordoba, Argentina Director of Aircraft Certification DNA / Board Advisor: Jose Maria Vaca; Buenos Aires, Argentina Director of Aircraft Certification FAA / Board Advisor: Richard Jensen; California, USA  AeroVehicles Inc. 2002

14. Personnel Plan • 75 employees, to design, build and test the first AeroCat SUA. • Approximately 250 employees at full production for AeroCat assembly • Additional 150 employees for AVI’s alliances in the Zona Franca • Market value salaries • Profit sharing  AeroVehicles Inc. 2002

15. Schedule Major Milestones • Preliminary Design Review (PDR) Month 5 • Critical Design Review (CDR) Month 10. • Hangar Occupancy Month 16  AeroVehicles Inc. 2002

16. Certification • Airworthiness Certificate (Aircraft); • A standard airworthiness certificate is the certifying agency's official authorization allowing operation of type certificated aircraft in its stated category. • A standard airworthiness certificate remains valid as long as the aircraft meets its approved type design, is in a condition for safe operationand maintenance, preventative maintenance, and alterations are performed in accordance with all applicable regulations • Production Certificate • A production certificate is an approval (document) to manufacture duplicate products under an approved type design (i.e., type certificate or supplemental type certificate).  AeroVehicles Inc. 2002

17. Summary Facts, Not Suppositions • Alliances • Multi-use Aircraft • Proven Technology • Market Confirmed Future Products • Second and third generation products will scale up the capabilities of the AeroCat aircraft to grand proportions: from a 40-50 ton payload to a notional 250-500 ton payload aircraft, capable of transporting time-sensitive cargo trans-oceanic.  AeroVehicles Inc. 2002