ACME FORMULATIONS

ARMORED VEHICLE BUSINESS

Security Solutions for the Middle East

JIM HENRY - CEO

ACME FORMULATIONS LLC
18906 EAST INDUSTRIAL PARKWAY
New Caney, Texas 77357 Updated – July 10, 2024 – v 5
EXECUTIVE SUMMARY
Acme Formulations Armored Vehicle (“AFAV”) is a newly formed U.S. company which equips, modifies and
armors OEM SUV’s vehicles to the highest level of protective status.

Our vehicles are designed with purpose and provide enhanced protection for occupants driving across hostile
terrains. Our vehicles are typically used by government agencies, dignitaries and senior corporate executives who
operate and work in hostile and dangerous countries.

Our vehicles are equipped to meet UL-10, the highest known standard for civilian vehicles. AFAV vehicles are
designed with a newly formulated light weight advanced ballistic armor providing defense against explosives and
road mines, high caliber firearms, and other threats using a proven explosive suppression technology.

Our differentiating factor is that we only focus on one vehicle class allowing hyper-specialization and protection
against threat level, UL10 .50 caliber BMG.

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MISSION STATEMENT
Acme Formulations Armored Vehicle Mission Statement is to “Protect Valuable Lives” using superior
technology.

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BUSINESS MODEL
Acme Formulations Armored Vehicle Business Model is to bring together advanced technologies in armor, blast
protection and life saving science.

Once adequate funding is in place, we plan to open a 20,000-30,000 square foot fabrication facility located near
New Caney, Texas which is located approximately 40 miles north of Houston Texas.

We also plan to open a 20,000-30,000 square foot fabrication facility in or around the Baghdad municipal city
area.

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FINANCES
Acme Formulations Armored Vehicle is currently raising funds to effect its business plan. A number of financial
institutions have expressed interest in AFAV including JP Morgan and several potential investment groups.

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UNIQUE SELLING POSITION
Acme Formulations Armored Vehicle supplies a higher level of threat protection in its modified vehicles.

All of our vehicles are a bespoke design and partially funded (50%) by the customer prior to the commencement
of production. This lowers financing charges and mitigates selling risk.

Currently a high level of demand in the Middle East exists for armored vehicles. Demand exceeds supply by
several thousand units per year according to Iraqi government officials.

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MARKET ANALYSIS
Non-Government Agencies (NGO) , Government Agencies & Private Corporations
• market demand for civilian armored vehicles exceeds the available output by several thousand units per
year
• the demand is also increasing due to rising tensions in the Middle East
• additionally, warring factions in Lebanon, Israel, Gaza, and Iraq are driving demand

The highest vehicle demand is from:

• the Iraqi Government, along with representatives of the various political parties,
• civil servants such as inspectors, police o fficers and even fire departments,
• along with UN officials, petroleum security o fficers
• and workers, embassy personnel, wealthy individuals
• in addition to private company’s and their employees
• who demand security protection from roadside threats, attacks, and kidnapping

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IRAQI GOVERNMENT INTEREST

During June 2024, our representatives have contacted The Office of the Ambassador in the Iraqi Embassy, and we
discussed our desire to open a manufacturing and assembly facility in or adjacent to the City of Baghdad.

We spoke with Mr. Mohammed Alfityan with the Office of the Ambassador of Iraq.

Mr. Alfityan stated that “you will do well in Baghdad. You will only have one competitor and every government
official needs armored vehicles. They trade them out every year”.

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COMPETITIVE ADVANTAGE
Acme Formulations Armored Vehicle has received approvals from the U.S. Commerce (DDTC) and the U.S.
State Department to export a new higher threat protection level vehicle to Iraq. This approval was granted under a
U.S. Commerce Dept. Commodity Jurisdiction (CJ) as well as a U.S. State Department recommended control
under ITAR jurisdiction.

Acme Formulations Armored Vehicle sales advantages are:

•The above government approvals
• our novel mine and IED explosive suppression technology
• our military derived self-sealing fuel tank technology which has been tested in combat
• our new advanced armor
– that weighs approximately the same or similar arial density (weight per square foot) to current B6
(.308 NATO Ball rifle threats)
Acme Formulations also provides a proven explosive suppression technologies (“EST”).
• EST substantially reduces the explosive overpressure (or brisance) of IED’s and road mines by a
proven technology that absorbs over 50% of the explosive overpressure and 90% of the flame
propagation in under 5 milliseconds
• EST substantially reduces the G-Forces exerted on the human body from road mines
• The EST technology was implemented and tested by AFAV’s CEO Jim Henry during his ownership of
Armor Systems International from 2000 to 2007

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KEY PERSONAL & ARMORED VEHICLE EXPERIENCE (page 1)
• Mr. Henry has worked with FBI Bomb Squads, U.S. Marine EOD (Explosive Ordnance Disposal) at Camp
Lejeune, North Carolina.
• He has also worked in the final testing phase at the U.S. Department of Energy Idaho National Laboratory
under Dr. Henry Chu, testing a novel formulation from Armor Systems International that absorbs explosive
blast energy in milliseconds.
• Mr. Henry also participated in armor development during those years at Lawrence Livermore National
Laboratory, working with Don R. Kennedy, the foremost expert on shaped charge warheads, Mr. Kennedy
developed most virtually all of the shaped charge warheads on U.S. missile arsenals from the 1950’s to the
early 2000’s.
• Mr. Henry had the privilege to with and receive advice, counsel and direction from Mr. Milt Finger of
Lawrence Livermore Laboratory. Mr. Finger was one of the leading military technology developers in the
world of weapons science.
• With Northrop Grumman, Mr. Henry developed RPG warhead flight capture technology working with Mr.
Bill Kincheloe and Mr. Don Kennedy. Both of these individuals developed the U.S. Army Claymore Mine.

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KEY PERSONAL & ARMORED VEHICLE EXPERIENCE (page 2)
• Mr. Henry also participated in research studies at Stanford Research Institute studying the science around the
Toyobo’s vaunted Zylon (PBO) a liquid crystalline polyazole fiber that ultimately failed in the market-place
due to UVA damage.

• Mr. Henry participated with General Electric Turbines as a consultant in 2010 to develop a lighter and more
effective Turbine Blade Off Containment Technology. This technology was studied and tested at the
University of Daytona`s Hypervelocity Impact Testing Labs.
• Mr. Henry’s novel use of woven carbon fiber combined with polyurethane expanded foam reinforced
structural matrix integrity. The woven carbon fiber was pioneered and patented by Brigham Young
University.
• The above combined with UHMPE (ultra high molecular weight spall liners) significantly reduces the
weight of the blade-off containment shrouds (nacelles) on airliner turbine engines.
• The technology achieved a 50% weight savings and prevented turbine blades from catastrophically
piercing the sides of airliner fuselages.

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KEY PERSONAL & ARMORED VEHICLE EXPERIENCE (page 3)

• During his ownership and as a co-founder of Armor Systems International developed and patented a novel self-
sealing fuel tank coating for the U.S. Army in conjunction with BASF and HIT Technologies.
• The Army was losing 200 gallons an hour out of each bullet hole from roadside attacks in Iraq during
the Second Gulf War.
• These roadside attacks caused the loss of over one third of the U.S. Army`s fuel due to attacks and caused
many U.S. Soldiers to be killed due to fires created by these attacks.
• This technology protected fuel tankers by self-sealing and self-healing the sides of the fuel tanks when
bullets and explosive IED’s (improvised explosive devices] penetrated the tankers hulls, and allowed U.S.
Army Fuel Tankers to leave Camp Doha in Kuwait and safely navigate the Iraqi highway’s, carrying vital
fuel cargoes to Army and Marine Corps units during the Second Gulf war.
• The bullets and shrapnel from attacks would penetrate the fuel tanks, but the polymer science introduced
and designed by Mr. Henry would close around the bullet holes and reseal, keeping the fuel inside the
tanks. It became a sole source, National Emergency Contract and according to the U.S Army
spokesperson`s comments “saved many lives.”

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 TECHNOLOGY & INNOVATIONS

DESCRIPTION OF ARMORING SERVICES

• Mr. Henry pioneered a new approach to armoring civilian vehicles in 2003 through his ownership of Armor
Systems International (ASI).
• ASI developed a process to armor government vehicles in Pakistan by a unique process of building armor kits.
These kits were extensively used in Pakistan.
• ASI created armor kits in its at U.S. plants for the Pervez Musharraf Government of Pakistan. ASI then
shipped the manufactured kits to Islamabad, Pakistan. With ASI supervision, local Pakistani engineers and
laborers were trained to install the armor kits. This business process reduced expenses, mitigated custom
issues associated with shipping vehicles across the world.

• AFAV will fabricate the armor kits in our Texas plant.

• AFAV will crate or containerize the kits and either fly or marine ship the product from Port of Houston to Al
Basra, Port of Iraq, via CMA CGM (Container Loads Only). CMA CGM is the number one shipping company in
Iraq.

• AFAV can also fly boxed wooden crates via DHL.

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NEW TECHNOLOGY
• Mr. Henry has extensive experience, as well as patents, in new armor technologies and has utilized that
experience by designing armor and explosive suppression technologies> He also has patents in self-
sealing fuel tank polymeric armor protection developed for the U.S. Army for combat zones.
• Approximately 1,500 Army Tankers were successfully completed under a unique “National Emergency”
sole source contract for $30 million dollars.
• Recently, Mr. Henry has recently developed a lighter weight armor (LWA) for civilian armored vehicles.
• LWA ‘s technology advantage is that with less weight it can defeat a robust 0.50 caliber BMG.
• Similar weighted older technology armored vehicles can only defeat a 0.30 caliber BMG.
• To our knowledge, LWA is completely unique in the civilian automotive armor market worldwide.

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NEW TECHNOLOGY (continued)
• Mr. Henry has pioneered an exclusive vehicle mine protection technology that eliminates over half of a
road mine’s explosive over-pressure and 90% of the flame propagation stemming from road mine
explosives.
• Mr. Henry developed and tested this live saving technology with FBI Bomb Squads, U.S. Marine
EOD, DOE, and to also meet U.S. Court House Anti-Terrorist threat mitigation requirements.

• Mr. Henry is currently developing a new exclusive tire protection system that automatically deploys when
bullets puncture a tire in an ambush situation. The technology will self-heal the puncture and inflate the
tire, while running speed. No other tire protection technology like this exists in the market segment
currently.

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 Pricing Strategy and Vehicles Used for Conversion

. Target Market & Vehicles Used and Cost & Profit Per Vehicle

Targeted Customer Base – Foreign Customers

• Iraqi Government Personnel in Iraqi
• Political Party Representatives
• Iraqi Police, Iraqi Military and Security Personnel
• Wealthy Iraqi Business Operatives such as UN Personnel, Observers, etc.
• Iraqi Celebrity’s, and Visting Dignitaries
2024 Land Cruiser 300 Series
• Purchase Cost - $70,000 to $90,000 ( Based on Trim Options)
• Completed Armored Vehicle Sales Price delivered
• $250,000 to$400,000 per unit. (Depending on Customer and Trim Options)
• Gross Profit Margins $180,000 to $310,000 per vehicle

2024 GMC/Chevrolet Denali/Tahoe

• Purchase cost - $64,000 to $83,000 per unit. (Trim Options)
• Armored Vehicle Sales Price
• $180,000 to $375,000 per unit (Depending on Customer and Trim Options)
• Gross Profit Margins $116,000 to $292,000 per vehicle

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 Pricing Strategy and Vehicles Used for Conversion

. Target Market & Vehicles Used and Cost & Profit Per Vehicle

Targeted Customer Base – U.S. Customers

• U.S Military, Oil and Gas Contractors,
• Private Security Personnel, Embassy Personnel, etc.
• Embassy Personnel, Wealthy Business Leaders, etc
• Gross Profit Margins: $156,000 to $292,000 per vehicle.

2024 Cadillac Escalade

• Purchase Cost - $144,000 to $160,000 ( Based on Trim Options)
• Completed Armored Vehicle Sales Price delivered
• $280,000 to$450,000 per unit. (Depending on Customer and Trim Options)
• Gross Profit Margins $180,000 to $310,000 per vehicle

2024 GMC/Chevrolet Denali/Tahoe

• Purchase cost - $64,000 to $83,000 per unit. (Trim Options)
• Armored Vehicle Sales Price
• $180,000 to $375,000 per unit (Depending on Customer and Trim Options)
• Gross Profit Margins $116,000 to $292,000 per vehicle

Mercedes
• Currently Highest Trim Level Mercedes Sedans are selling for $500,000 per vehicle in Iraq.

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PRICING STRATEGY

. Market Based Pricing Strategy

In general, we are selling our vehicles on a Market Based formula since demand exceeds supply.
However, we will set minimum cost-plus profit benchmarks to mitigate risk and ensure profitability.

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