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A Complete Zero/ZeroSafety System for eVTOL’sand Other Applications.

( The Lightest that Physics Allows.)

Active VTOL Crash Prevention Ltd.

Download from http://gofile.me/3zfi6/qqqJuLPFf

IN CONFIDENCE 2

For armoured vehicles our rocket motors initiate in 6ms and deliver all their massive impulse in 25ms to counteract the mine blast lifting

forces to keep the vehicle on the ground.

The ABBS Group Expertise Behind AVCP’s Technology.

IN CONFIDENCE 3

Comparison No Motors/With Motors.

300mm standoff,

moist soil,

100mm depth,

6kg mine.

IN CONFIDENCE 4

Current Status of AMPS™ Technology

• Very large US Army test scheduled for May 2018.

• Similar Israeli test for US Defence Advanced Research Projects Agency (DARPA) with Plasan in August 2018.

• French Special Forces interest.

• Various European tests anticipated.

• Discussions ongoing with Plasan and a giant USaerospace corporation re an investment andmarketing deal.

• Also visiting Dubai 10th March to meet potentialinvestors and the Transport Authority.

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Automated Propellant Extrusion

Composite Propellant Development Project?

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The Active VTOL Crash

Prevention Market.

7IN CONFIDENCE

ABBS Group Structure and Roles of

Different Operations.

Advanced Blast & Ballistic Systems Ltd. (ABBS) (57% RMS)

Holds AMPS™ Patents and markets the AMPS™ armoured

vehicle and AVCP technology globally.

Advanced Blast LLC

(92% ABBS)

Primary licensee for US

Sales.

ABBS USA Inc. (100% M3

Consulting – Kevin Mulrenin)

Independent US operation.

Marketing/Support and

ITAR firewall.

Advanced Reaction Motor Systems Ltd. (ARMS) (40/40% JV between

ABBS Ltd & Falcon) LRM™, propellant, and rocket motor production

and other hardware procurement required for AMPS™ systems.

Advanced Protected

Vehicles Ltd.

(23.75% each ABBS,

ARMS, Duncan

Hermer, Jez Hermer)

JV with OVIK,

designs and

procures blast and

ballistic protected

Head-of-State type

vehicles.

Active VTOL Crash

Prevention Ltd.

30% each ABBS and

ARMS, 24% 3 key

staff.

£300k raised in first

round at £3million

valuation, second

round targeting

£700,000 for 14% at

£5million valuation.

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• The company has been spun out of the ABBS Group due to the huge potential of thespecialist niche of Active VTOL Crash Prevention that has been identified for it, andthe potential for a major VC or aerospace industry deal in the fairly short term.

• It has the benefit of over £3million past investment by ABBS and ARMS indeveloping the patented Linear Rocket Motors (LRM™), Safe/Arm techniques, andcompleting the initial Proof-of-Concept testing in an Innovate UK supported project.

• The relevant ARMS patents have been licensed to AVCP.

• If granted, the company will own potentially important new patents for rapidexpansion of the parachute by using airbags, adjustable thrust CO2-injected LRM’s,and other novel features, and thus have the exclusive rights to exploit the manyother potential applications for these technology.

• Initial investment of £300,000 has been obtained last year at a company valuationof £3million, mostly from current ABBS Group HNW investors.

• Now raising £700,000 for 14% post investment (£5million valuation) and pursuing afurther £5million investment probably in a US spin-off, from a VC, a majoraerospace/avionics company, or a US-based eVTOL consortium.

The Share Offer and Basis of Valuation.

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AVCP Sales and Profit Forecast.

Year to 31

October2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

£ £ £ £ £ £ £ £ £ £ £

Sales Revenue 300,000 900,000 4,066,667 6,933,333 10,050,000 13,166,667 16,283,333 19,400,000 22,516,667 25,633,333 28,750,000

Gross Margin % 30% 35% 38% 40% 45% 48% 50% 52% 55% 57% 60%

Gross Margin 90,000 315,000 1,545,333 2,773,333 4,522,500 6,320,000 8,141,667 10,088,000 12,384,167 14,611,000 17,250,000

Staff costs(150,000) (250,000) (350,000) (500,000) (750,000) (1,000,000) (1,250,000) (1,500,000) (1,750,000) (2,000,000) (2,250,000)

Overheads (50,000) (100,000) (150,000) (200,000) (225,000) (300,000) (375,000) (450,000) (525,000) (600,000) (675,000)

Net profit/loss

before taxation(110,000) (35,000) 1,045,333 2,073,333 3,547,500 5,020,000 6,516,667 8,138,000 10,109,167 12,011,000 14,325,000

Corporation tax22,000 7,000 (209,067) (414,667) (709,500) (1,004,000) (1,303,333) (1,627,600) (2,021,833) (2,402,200) (2,865,000)

Net profit after

taxation (88,000) (28,000) 836,267 1,658,667 2,838,000 4,016,000 5,213,333 6,510,400 8,087,333 9,608,800 11,460,000

Opening

shareholders

funds 92,441 4,441 (23,559) 812,708 2,471,374 5,309,374 9,325,374 14,538,708 21,049,108 29,136,441 38,745,241

Closing

shareholders

funds 4,441 (23,559) 812,708 2,471,374 5,309,374 9,325,374 14,538,708 21,049,108 29,136,441 38,745,241 50,205,241

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IRR for Investors.

Year to 31

October2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Opening

shareholders

funds 92,441 4,441 (23,559) 812,708 2,471,374 5,309,374 9,325,374 14,538,708 21,049,108 29,136,441 38,745,241

Closing

shareholders

funds 4,441 (23,559) 812,708 2,471,374 5,309,374 9,325,374 14,538,708 21,049,108 29,136,441 38,745,241 50,205,241

Company

valuation - profit

multiple of 4 X

profit (352,000) (112,000) 3,345,067 6,634,667 11,352,000 16,064,000 20,853,333 26,041,600 32,349,333 38,435,200 45,840,000

Company

valuation - net

assets 4,441 (23,559) 812,708 2,471,374 5,309,374 9,325,374 14,538,708 21,049,108 29,136,441 38,745,241 50,205,241

Total valuation (347,559) (135,559) 4,157,774 9,106,041 16,661,374 25,389,374 35,392,041 47,090,708 61,485,774 77,180,441 96,045,241

ROI for investors

@ £3m (0.11) (0.04) 1.26 2.76 5.05 7.70 10.74 14.28 18.65 23.41 29.13

IRR for investors

@ £3m 8% 29% 38% 41% 40% 39% 38% 37% 36%

ROI for investors

@ £5m (0.06) (0.02) 0.75 1.64 3.00 4.57 6.37 8.48 11.07 13.89 17.29

IRR for investors

@ £5m -9% 13% 25% 29% 30% 31% 31% 30% 30%

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Reality Checks 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Number of known eVTOL

aircraft projects and

projections forward

30+ 35 40 45 50 55 60 65 70 75 80

Estimated eVTOL aircraft

annual production

worldwide

50 100 200 400 600 1000 2000 4000 6000 8000 10000

Total cumulative number of

eVTOL aircraft worldwide

(Note 3)

50 150 350 750 1350 2350 4350 8350 14350 22350 32350

Annual market value of

safety systems at £50,000

each. (£million)

2.5 5 10 20 30 50 100 200 300 400 5000

Number of aircraft systems

produced by AVCP at

£50,000 from numbers

above.

6 24 99 220 340 464 589 714 838 963 1088

Based on these numbers

AVCP market share %12.0 18.0 40.7 34.7 33.5 26.3 16.3 9.7 7.5 6.4 5.8

Alternative Forecast Based

on 50% Market Share from

2020.

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Sales (£million) 0.5 2 5 10 15 25 50 100 150 200 250

Net Profit based on 40% of

sales (£million)0 0.3 2 4 6 10 20 40 60 80 100

Realistic Market Developmentand AVCP Share?

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What is the eVTOL Market Potential?

• Uber, Airbus, Bell and Boeing all agree on the potentialdemand for eVTOL aircraft just for the Urban Air Taxi market.

• The rationale is that every major city will need 5,000 eVTOLtaxis.

• There are 40 cities with populations over 10million people,where ground traffic congestion is increasing.

• 40 x 5,000 = 200,000 eVTOL’s.

• Assume a cost of £500,000 per aircraft gives a £100billionmarket. (Actual cost could be double.)

• Assuming a safety system cost of £50,000 per aircraft gives a£10billion market just for the AVCP safety system.

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What is the eVTOL Market Potential?

• Clearly, it is not only the 40 largest cities that will require eVTOL taxis,so it is reasonable to at least double the potential market value overthe next 10 years.

• It is also obvious that there is a multitude of other utility uses foreVTOL aircraft. Farming, border/coastal patrol/police, search, rescueand security services/leisure activities/forest seed planting,autonomous fire fighting, etc. etc. the list is truly endless.

• For mid-range business use there are several winged designs with300kph and 300km range being designed, which are ideal for shortbusiness travel.

• The desirability of your own personal VTOL aircraft capable of takingoff from a large garden or a drive will ensure that there is hugedemand for personal aircraft, whether for fun, utility purposes, dailytravel or business.

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Inherent Low Cost and Safety of eVTOL Designs.

• Compared to conventional helicopters eVTOL’s are very simple due to thedistributed electric powered multi-rotor system. There are no highly stressed,complicated gearbox, transmission, and rotor control links, a failure of anyone of which will lead to a loss of control and an inevitable accident.

• The mechanical simplicity leads to:-a) Low initial construction cost .b) Low maintenance cost.c) Inherent safety by design.d) With multiple motors, separate battery packs, and control system

redundancy the likelihood of any internal system failure leading to a lossof control is low.

• UBER anticipate that these factors will make eVTOL’s an ultra-safe mode oftransport, with accident rates well below those for road vehicles, and ordersof magnitude lower than conventional helicopters.

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Environmental Issues.

• Conventional helicopters are noisy, relatively dangerous, and emit the usualhydrocarbon air pollution. This makes them of limited use in cities. InPhiladelphia there are over 500 helicopter landing sites, but only 50 areused due to the noise and pollution issues.

• eVTOL’s are much quieter than helicopters because the tip speed of thesmall rotors is much lower than that of a helicopter main rotor.

• Electrical power is pollution free (at the point of use) so meets the greenrequirements that cities are now very concerned about.

• Reducing ground traffic congestion to shorten journey times is a keyobjective.

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When Will the eVTOL Urban Air Taxi

Market Happen?

• Both UBER and Airbus are planning separate trials of their systems startingin 2020, with operational passenger carrying planned for 2023.

• UBER are using Los Angeles, Dallas, and Dubai, where the city authoritiesare very keen to be the first to trial the concept.

• Dubai plans to have 20% of cars being autonomous by 2020. They havealready demonstrated the Volocopter last September, and are just starting asecond trial with it. The Chinese eHANG will also be tested there this year.

• Uber has signed a Space Act Agreement with NASA to create a brand-newair traffic control system to manage these low-flying, possibly autonomousaircraft.

• Provided certification is achieved in time passenger services will start by2023. The AVCP safety system may well be instrumental in allowing this tohappen …….. The FAA have said that “the AVCP system could bring forwardthe time in which services could start.”

IN CONFIDENCE 17

Other Market Applications for the Parachute/ Rocket Motor Combination.

Military UAV’s

UAV’s are increasingly taking over from military piloted aircraft, which will eventually reduce the

market available to MB. These are expensive, important assets.

Civilian Utility and Scientific UAV’s

Again, civilian use for many purposes is increasing rapidly, some with very expensive equipment.

Whole Aircraft Parachute Recovery Systems

This is a growing Light and General Aviation market application which can use exactly the same

combined parachute/rocket motor combination to great advantage compared to the current

ballistic parachute-only technology.

Parcel Delivery Drones

The FAA are not allowing this kind of service to start in the USA because of the safety concerns,

which the system might solve.

Conventional Helicopters

Either the LRM option or possibly even the combined parachute/motor system could be useful,

especially for training applications.

IN CONFIDENCE 18

When Might it Happen in the Additional Markets?

Military UAV’s

Current market potential, we are talking to Agusta Westland.

Civilian Utility and Scientific UAV’s

Current market potential.

Whole Aircraft Parachute Recovery Systems

The existing ballistic parachute systems only work above about 250 – 300feet. Yet many accidents

happen on take-off or landing BELOW the effective altitude. There is clearly a huge current

opportunity in this existing market after we have demonstrated the system working.

Parcel Delivery Drones

The FAA are not allowing this kind of service to start in the USA because of the safety concerns,

which the system might solve. Could the AVCP system solve the current stalemate?

Conventional Helicopters

Either the LRM option or possibly even the combined parachute/motor system could be useful,

especially for training applications.

IN CONFIDENCE 19

Airbus – Pop.up

Self funded

Airbus A3– Vahana

Self funded

Lilium

$100m (2017) Atomico, e42 Ventures.

Malloy Aeronautics - Hoverbike

Interest from DoD, $89,000 crowd funded

IN CONFIDENCE 20

Aurora Flight Sciences, now Boeing.

Uber Partner, (has DARPA X-plane

contract)

Tactical Robots Ltd, Cormorant

Self funded

E-volo, Volocopter

$30m (Including Daimler)

Ehang, Ehang 184

$10m (2014) GP Capital

$42m (2015) GGV Capital (inc. Microsoft)

IN CONFIDENCE 21

Joby Aviation, S2

$100million funding from Toyota, Intel etc.

Leonardo – Project Zero

Self funded

Kitty Hawk – In Production

Larry Page (Google co-founder) backed.

Zee Aero, still secret, Larry Page funded at

$100million level.

IN CONFIDENCE 22

XTI Aviation – Trifan 600.

Multiple funding

Bell Helicopters

Self funded, Uber partner

AirSpaceX – Mobi

Funded by US based automotive OEM

Pipistrel

Self funded, Uber partner

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Workhorse - SureFly.

Self funded. Practical utility vehicle with

hybrid power supply.

Elytron

Self funded

Neva Aerospace, AirQuadOne

Funded by Schubeler Technologies GmBH

$2.54million

Moller International, Skycar400

Self funded

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• Dubai’s Road & Transportation Agency has already demonstrated the first

fully-electric autonomous aerial vehicle drone as a potential air taxi service.

• Ehang video

Volo2 Autonomous Vehicle Trial in Dubai in 2017. Second Trial Starting 8th March.

• Both UBER and Airbus Vahana are planning to start aircraft trials in US cities in 2020.

• This is only just enough time to develop, test, and certify the AVCP safety system.

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• New concept released in March 2017 for pods that can be part of a

road vehicle, air lifted or even in a Hyperloop.

• Released 7th March, the Pop-Up.Next version with AUDI.

• Ital video link

AIRBUS AND ITAL POPUP CONCEPT.

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Conventional Ballistic Parachute Safety System.

• Every eVTOL manufacturer says they will fit a ballistic parachute in

case there are control or power failure issues.

• But these only work above about 100 – 150feet altitude due to the

time it takes for the parachute to open.

• Hence there is a critical safety gap between about 100 – 150feet.

• Certification to carry passengers and fly over crowded urban

environments means that a complete Zero Altitude-Zero Speed safety

system must be used.

• Currently there is no such system available.

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Benefits of the Parachute/Rocket Motor Combination.

The addition of the rocket motor to a conventional ballistic parachute

system has several potential advantages:-

• The Ground Contact Velocity (GCV) can be reduced from about

6m/s to low levels such as 1-2m/s and possibly be actively

controlled to ensure a soft landing.

• Because the rocket motor impulse available is doing the final

part of the work in reducing the GCV a smaller, lighter, faster-

opening parachute can be used.

• If the parachute is combined with an airbag system to open it

very quickly (within 1s) the height at which the system becomes

fully effective can be much reduced, probably from about 100

feet to about 20 - 30 feet.

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• UBER have been driving the whole concept of the Urban Air Taxi since 2016.

• The First UBER Elevate Summit was the ‘starting gun’ for the current explosionof interest in developing eVTOL aircraft designs, with 40+ major projects nowtargeting the objective.

• But even before then NASA, and several far-sighted individuals have beenpursuing the same objective of multi-rotor, electrically powered aircraftdesigns, including JoeBen Bevirt (an internet entrepreneur), Larry Page (Googleco-founder) for up to 10years, plus many others less well-known.

• The Second UBER Elevate Summit is on 8th/9th May in Los Angeles, and AVCPhas been invited to join UBER’ sponsorship scheme under which AVCP willpresent its technology and UBER will promote it to the 700+ industry delegates.

• AVCP has weekly video conference calls with the UBER Technical Staff todiscuss the AVCP safety system development progress and production plans.

UBER Involvement.

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• And we have our own far-sighted individual as well, in Simon James Scott, whoin 2004 pitched an eVTOL project to Dragon’s Den, 13 years ago.

Simon James Scott

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• UBER, and all the eVTOL design operations know very well that in order forthe Urban Air Taxi Concept to become reality the safety of the passengersand those on the ground is paramount.

• Hence a true Zero-Zero safety system is a critical requirement, and it isfortunate that AVCP has been the first to recognise this and promote theconcept to the industry, so we are now viewed as the leading company,possibly the only company currently developing the required technology.

• UBER’s invitation to AVCP to join the UBER Sponsorship Scheme stated “Wehave created an "Emerging Tech" sponsorship track aimed at maximizingexposure for promising startups at our Summit and beyond. We're providingthis opportunity only to a small number of companies like Advanced Blastwho (i) are closing an important gap in the Elevate ecosystem, (ii) and meeta technical capability rigor bar assessment from our team”.

• Clearly, UBER cannot make any money from the concept until the aircraftcan carry passengers.

UBER Interest in AVCP Safety System.

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• The ABBS Group’s track record of developing the AMPS™ technology tocounteract the effects of mines/IED under a vehicle presents far morechallenging issues than the eVTOL safety requirement.

• The timescales to detect, measure, and react to the mine blast aremilliseconds rather than tenth’s of seconds in the eVTOL case.

• Similarly, the rate of impulse delivery from the motors is two orders ofmagnitude lower.

• The internal rocket motor and propellant development capability withinARMS puts AVCP in a unique position to deliver exactly what is required.

• Using a ballistic parachute is a well known, standard technology, althoughthe airbags added to open it rapidly are a new AVCP addition. But it is theability of AVCP/ARMS to design and build bespoke rocket motor designs tofit any type of aircraft gives AVCP a huge advantage, now being clearlyrecognised by UBER.

Why Does AVCP Have Such aStrong Position?

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System Design Code.

Total Mass (lbs) Thrust (lbsf) Critical Height (ft) Initial Height (ft) vx (mph) vy (mph) Burn Time (s) Max g

4409.2 11240 11 11 0.0 -22.4 0.63 1.55

Total Mass (kg) Thrust (N) Critical Height (m) Initial Height (m) vx (m/s) vy (m/s) Burn Time (s) Max g Limit

2000.0 50000 3 3 0.0 -10.0 0.63 3.00

Last Height Calculated (m)

Impact Velocity at Height Zero (m/s)

Impact Velocity at Height Zero (mph)

0.00 1.02 2.3

Impact Height Used (m) Max Mach No dt

0.00 0.029 0.0014

Time On (s) Impact Time (s) Burn Time (s)

0.00 0.69 0.63

Time On Time Off Impact Time Match Impact Time Index Vy Index Height Min Height

0.001 0.6 0.694 500 1.02 0.00 0.00

Min vy (m/s) At Height (m) At Time (s) Min vy (mph) At Height (ft) At Time (s) Max g

0.4 0.0 0.63 0.94 0.15 0.63 1.55

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

0.00 2.00 4.00 6.00 8.00 10.00 12.00

Hei

ght

(m)

Vertical Downwards Component of Velocity (m/s)

Goalseek dt for Zero Height

Find Thrust

Find Burn Time

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Safety System Design Code.

• The design code which was originally developed in 2014 for theconventional helicopter crash prevention case is proving to be acritical tool in determining the optimum parameters for thedesign and operation of the system.

• Testing it with specific examples has clearly demonstrated thatif we incorporate certain elements into the rocket motor designwe can deal with any combination of descent rate, aircraftweight, and the height at which a failure occurs and land theaircraft safely at 1-2m/s with deceleration levels less than 2G.

• Hence we can clearly state that we do have a complete Zero-Zero safety system.

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• The mainstream aircraft industry is getting heavily involved in order not to missthe opportunities presented by the development of a completely newtransport medium.

• Airbus have three projects:- 1) Vahana, being built in the USA.2) Citycar, being built in Europe.3) Pop-Up, longer term concept.

• Boeing have bought Aurora Flight Sciences, who have been buildingexperimental electric powered aircraft for NASA for some years.

• Bell Helicopter are teamed with UBER and showed their cabin design at theConsumer Electronics Show in Las Vegas recently.

• Second and third tier aircraft companies such as Sikorsky, Embraer, Mooney,Pipistrel, all have their own projects.

• Over 50 other entrepreneur-led projects bring the total to 57 as listed on theevtol.news website.

Aircraft Industry Involvement.

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VOOM - Airbus Trial in Sao Pauloand Certification/Strategic Planning.

• In addition to applying Voom to helicopters, Airbus is exploring arange of urban mobility solutions, including the four-passenger,self-piloted CityAirbus eVTOL demonstrator; the single-passenger,self-piloted A3 Vahana eVTOL aircraft; A3's Altiscope project to helpshape regulations and certification requirements to safely integrateeVTOLs in urban skies; autonomous urban parcel delivery bydrones; and the Racer high-speed demonstrator, which aims toconnect urban centers.

• Airbus Helicopters is incorporating helicopter booking platformVoom as part of its urban mobility strategy. Developed by Airbus A3in Silicon Valley and initially deployed commercially in April 2017 inSão Paulo, Brazil, Voom has been used to successfully fly thousandsof passengers by helicopter over the past 10 months.

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Aircraft Industry Involvement – Full evtol.news List of 57 Projects.

A³ Vahana

Airbus Helicopters CityAirbus

AirisOne

AirspaceX MOBi

Alauda Airspeeder

Aurora Flight Sciences eVTOL

Aurora Flight Sciences LightningStrike

Autonomous Flight Y6S

Avianovations Hepard

Bartini Flying Car

Bell Helicopter (unnamed)

Boeing Cargo Aerial Vehicle

Carter Aviation CarterCopter

Cartivator SkyDrive

Davinci ZeroG

DeLorean Aerospace DR-7

Dekatone (unnamed)

Digi Robotics Droxi

Digi Robotics DroFire

EHang 184

Embraer (unnamed)

EVA X01

Flexcraft (unnamed)

Flike

Flyt Aerospace FlytCycle

Gravity X

HopFlyt (unnamed)

HoverSurf Drone Taxi R-1

HoverSurf Formula

HoverSurf Scorpion

JAXA Hornisse 2B

Jetpack Aviation (unnamed)

Joby Aviation S4

Kalashnikov (unnamed)

Kitty Hawk Flyer

Lilium Jet

Malloy Hoverbike

Moller Skycar M400

Napoleon Aero VTOL

Neva Aerospace AirQuadOne

Passenger Drone

PAVX

PAV-UL Ultralight

Pipistrel (unnamed)

Sikorsky VERT

SKYLYS Aircraft AO

Skypod Aerospace Skypod

Starling Jet

Terrafugia TF-X

Urban Aeronautics CityHawk

VerdeGo Aero PAT200

Vimana (unnamed)

Volocopter VC200 / 2X

VRCO NeoXCraft

Workhorse SureFly

XTI Aircraft Trifan 600

Zee Aero Z-P1

(updated March, 2018)

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Motor/Internet Industry Involvement.

• Joby - $100million investment from Toyota, Intel etc.

• Lilium - $100million investment including Skype and Twitter co-founders.

• Volocopter - $30million investment from Daimler.

• Porsche – just announced interest in getting involved.

• eHANG - $60million investment including Microsoft.

• Kittyhawk/Zee Aero - $100million from Larry Page.

• Terrafugia – a real flying car, bought by Geely, Chinese car manufacturer which owns Volvo, Proton and Lotus.

• Airbus are now teamed with AUDI for the Pop-Up.Next design.

• Amazon – delivery drones and autonomous cars ……what next?

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HAI Convention Report.

The electric vertical takeoff and landing (eVTOL) revolution isupon us, and there’s likely no turning back. That is the messagefrom a growing number of opinion leaders at this year’s Heli-Expo.

That list includes AHS International executive director MikeHirschberg, who points out that more than $1 billion has beeninvested in vehicles and related research before regulations arefinalized for the category. And the roster of companies involvedincludes major players such as Airbus, Boeing, Bell, Embraer, Intel,Amazon, Honda, Toyota, Daimler, and Uber.

There's No Turning Back from an eVTOL Future - February 28, 2018.

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Certification Issues - American Helicopter Society and Bell Helicopter.

• AHS CEO Mike Hirschberg said that reforms to Part 23 certificationrequirements could go a long way to making eVTOL design approvalof both electric powerplants and occupant protection achievable.

• Bell CEO Mitch Snyder agrees. The company is displaying its conceptfor an urban air vehicle this week at Heli-Expo.

• Bell executive vice president for technology and innovation MichaelThacker "is meeting with the FAA all the time, and we are havingthese discussions,” Snyder said this week at Heli-Expo. “We’reworking hand in hand with the regulatory authorities on how youwould certify this and how it would operate in the flight space.”

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Bell Helicopter View.

Quotes from recent article:-

• What Bell CEO Mitch Snyder sees as perhaps a larger challenge is how Bell would shift from a comparatively low-volume, high-unit-cost manufacturer to a high-volume, low-unit-cost one.

• We have to look at how are we going to manufacture at a high rate. We can probably use different types of robotics. But it is a change for a company. You've got to be able to rapidly manufacture these very quickly. You're talking 10, 15, 20, 30 a day, or even more.”

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Boeing Comment 7th March 2018

Boeing CEO: Flying taxis to become a reality in the next tenyears.

• The CEO of Boeing, one of the largest aerospace companies in the world, believesthat cities will start introducing air transport on short distances over the nextdecade.

• Dennis Muilenburg believes that the so-called flying taxis will become a realitymuch sooner than we imagine, according to News.ro.

• There are already functional prototypes at the moment, and the necessarytechnology is available. The era of urban flying vehicles is close enough forauthorities to begin thinking about the rules of the future 3D roads, saysMuilenburg.

• The Boeing CEO isn’t alone in his optimism. He is also supported by a recent studyby Deloitte, which talks about 2-5 seat commercial drones which will look like anevolved version of current helicopters and will enter the market starting 2020.

IN CONFIDENCE 42

Blockchain Development for FlightManagement.

Blockchain.aero - ICO – Coinhills1.https://www.coinhills.com/ico/view/blockchain-aero/13 Dec 2017 - Blockchain.aero is a blockchain for mass urbanaviation market worth more than $1 trillion and a platform totokenize aerial vehicles and infrastructure. We are a decentralizedbusiness consortium that aims to deploy urban community-drivenaviation systems for passengers and city managers in 2020.

The community of decentralized urban flights is formed by theseveral dozen enthusiasts of decentralized urban mass aviation, andthe Blockchain.aero business consortium is founded by theindustrial blockchain project community and developers (Emertechnologies), aircraft developers and manufacturers (Bartiniproject)

CONFIDENTIAL 43

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For a 4,500lb/2,000kg aircraft.

• Total parachute/rocket motor weight is just 100lbs/45kg.

• Five separate active and passive system elements.

• Rapid opening parachute.

• Solid composite propellant rocket motors underaircraft fuselage or wings.

• Lightweight shock-absorbing stroking seat.

• Energy absorbing crushable structure.

• Multiple lightweight airbags.

Safety System Elements.

IN CONFIDENCE 44

Safety System Elements.

IN CONFIDENCE 45

Rapid Opening Parachute.

IN CONFIDENCE 46

Target Result – A GCV Less Than 2 m/s In All Circumstances.

CONFIDENTIAL 47

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• Using an energetic rocket motor system, safety is paramount.

• The whole system runs in Safe Mode until it is triggered. It thenarms in less than 1ms and launches reaching operating positionin 0.4s.

• On launch the rocket motor initiation and parachute launchsystems move from Safe to Armed state.

• The parachute is launched and the rapid opening airbag systemoperates automatically when the system leaves the launchcontainer, fully opening the parachute canopy in about 1s.

• AVCP uses ultra-safe EFI initiation systems which are standardon air-launched weapon systems.

System Safety.

IN CONFIDENCE 48

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Airbus Pop-Up Concept.

IN CONFIDENCE 49

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Kittyhawk Flyer – How many will be sold for fun and Utility applications?

IN CONFIDENCE 50

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https://newatlas.com/passenger-drone-flying-taxi/51539/

https://edition.cnn.com/videos/cnnmoney/2017/09/26/flying-taxi-dubai-volocopter-drone-sje-lon-orig.cnn-tech

https://twitter.com/kittyhawkcorp/status/945398774091927552 Sebastian Thrun (Kitty Hawk CEO)

https://www.youtube.com/watch?v=F0XCGbSZzC8&feature=youtu.be Jon Rimanelli talk

https://www.ainonline.com/aviation-news/business-aviation/2018-01-08/bell-helicopter-unveil-urban-air-taxi-ces-2018 Bell helicopter

https://www.theverge.com/2017/9/5/16254258/lilium-jet-90-million-funding-electric-flying-taxi

Lilium, Passenger Drone andVolocopter Dubai + Other Videos.

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How Difficult Can It Be?

https://www.youtube.com/watch?v=EQK9m_OBVgY Bathtub

52IN CONFIDENCE

ABBS Group Structure and Roles of

Different Operations.

Advanced Blast & Ballistic Systems Ltd. (ABBS) (57% RMS)

Holds AMPS™ Patents and markets the AMPS™ armoured

vehicle and AVCP technology globally.

Advanced Blast LLC

(92% ABBS)

Primary licensee for US

Sales.

ABBS USA Inc. (100% M3

Consulting – Kevin Mulrenin)

Independent US operation.

Marketing/Support and

ITAR firewall.

Advanced Reaction Motor Systems Ltd. (ARMS) (40/40% JV between

ABBS Ltd & Falcon) LRM™, propellant, and rocket motor production

and other hardware procurement required for AMPS™ systems.

Advanced Protected

Vehicles Ltd.

(23.75% each ABBS,

ARMS, Duncan

Hermer, Jez Hermer)

JV with OVIK,

designs and

procures blast and

ballistic protected

Head-of-State type

vehicles.

Active VTOL Crash

Prevention Ltd.

30% each ABBS and

ARMS, 24% 3 key

staff.

£300k raised in first

round at £3million

valuation, second

round targeting

£700,000 for 14% at

£5million valuation.

IN CONFIDENCE 53

Active VTOL Crash Prevention Ltd

Thank You for your attention.

www.advanced-blast.com

sj.scott@advanced-blast.com

roger.sloman@advanced-blast.com

Mobile:- (44) 07989 381057