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AutoHub .com Car and truck buying, redefined. ACTIVATE REVERSE AUCTION

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AutoHub .com

Car and truck buying, redefined.

AutoHub.com is a one-stop automotive market where pre-approved buyers

can ensure they pay bottom dollar by activating a reverse auction

`

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AutoHub .com

Car and truck buying, redefined.

Buying a car takes time when

you have to visit several dealers

The dealer is a better negotiator

The dealer has many different

ways of taking advantage of you

The Problem

Dealers come to you and bid

for your business

Reverse auction brings you

the lowest price

We find the lowest price for

transportation, financing and

vehicle inspection

Our Solution

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AutoHub .com

Car and truck buying, redefined.

25,000,000 used

vehicles sold in the

U.S. in 2011

• 16-45 years old• Medium to high household

income• Concentrated in Nashville,

Knoxville and Memphis

~500,000 vehicles

sold in Tennessee

~150,000 vehicles

purchased by buyers

who started their search

online

Sources: www.nada.org/publications/NADADATA/, www.bea.gov, Autodata Corp.

Total Market

Servable

Market

Our

Market

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AutoHub .com

Car and truck buying, redefined.

Cyclical industry that is in an upswing Attitude towards online purchasing

Stigma of life decisions being made online is wearing off

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AutoHub .com

Car and truck buying, redefined.

Competition

Used CarMarketplace

BrowseMultiple

Dealerships

Assistancewith Car

Loan

Inspectionand CARFAX

Reports

LowPrice/Reverse

Auction

ArrangeVehicleDelivery

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AutoHub .com

Car and truck buying, redefined.

Step 1 –Search a Vehicle Step 2 –Browse the Inventory

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Step 3 –Online Credit Application

AutoHub .com

Car and truck buying, redefined.

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Step 4 –Select Optimal Credit Terms

AutoHub .com

Car and truck buying, redefined.

Your loan offer is: $16,100 up to $17,400 (max) up to $17,400 (max) up to $16,400 (max)

Your approved term: 48 Months 72 Months 54 Months 60 Months

Monthly payment: Basedon your maximum loanamount (note: yourpayment will be lower ifyou borrow less than themaximum amount.Calculator

$381.01 $325.83 $381.01 $330.26

Your maximum loan tovalue:

No Restrictions 110.00% 170.00% 170.00%

Your vehicle's maximummileage:

No Restrictions 70,000 80,000 100,000

Your vehicle's modelyear: No Restrictions 2002 or Newer 2003 or Newer 2000 or Newer

Annual percentage rate(APR):

6.45% APR 10.39% APR 8.30% APR 8.45% APR

LOAN DETAILS LOAN DETAILS LOAN DETAILS LOAN DETAILS

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Step 5 –Select Desired Vehicles and Activate Reverse Auction

AutoHub .com

Car and truck buying, redefined.

ACTIVATE REVERSE AUCTION

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Step 6 –Receive Reverse Auction Results and Select Your Vehicle

AutoHub .com

Car and truck buying, redefined.

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Step 7 –Receive Inspection Results and Carfax Report

AutoHub .com

Car and truck buying, redefined.

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Step 8 –Vehicle Delivery

AutoHub .com

Car and truck buying, redefined.

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Business Model

AutoHub .com ®

Car and truck buying, redefined.

68%

9%

21%

2%

Revenue Structure

CommissionFees

Transportation

Inspection

Financing Fee0

100

200

300

400

500600

700

Revenue Drivers

$20,000 Car Sale

Revenue from Sale = $880

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Team

AutoHub .com

Car and truck buying, redefined.

Advisors

Duke Useni, CEOInvestment Bankingat BofA and UBS

Brent Walter, CFOCommercial Bankingat Wells Fargo andBalboa Capital

Yasser Mumtaz, COO10 Years Experiencein Operations, Salesand GeneralManagement

Paul Zettler, CMOSales and MarketingStrategist at FedEx

Mattia Moroder, VP of Research 5 Years Experience of Market Research

Beau CresonOnline sales representativeat Nissan of Memphis

Matthew GladneyStudying Digital Media Art &Instructional Design at HarvardUniversity

Michael ZettlerDataBase Administrator atCarolina Machine and ToolsIT consultant at BMW Car club

Mike ColandoCEO of D&M Motors

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Financials

AutoHub .com

Car and truck buying, redefined.

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15

Fixed Expenses

Variable Expenses

RevenueEnter North Carolina,South Carolina

and Georgia

Net IncomeBreak-even

Enter Florida,Alabama, Mississippi

Break-even on

$450,000 investment

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AutoHub .com Car and truck buying, redefined.

Projected Cost Drivers

Website

Sales

Marketing

Allocation of $450,000 Investment

Sales commissionsTravel & entertainmentSales taxAdvertising & promotionFICA/payroll taxesSuppliesAuto & transportPostagePayrollBank chargesTelephoneRentUtilitiesOffice expenses

Projected Revenue Drivers

• 3% of vehicle sale price• 10% of vehicle inspection

fee (for brokering the

inspection)• 10% of vehicle

transportation fee (for

brokering transportation)• 1% of financed amount (for

brokering financing)

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P&L

AutoHub .com

Car and truck buying, redefined.

Projected Income Statement2013 (TN) 2014 (TN, NC, SC, GA) 2015 (TN, NC, SC, GA, FL, AL, MS)

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Units (vehicles sold) 30 50 70 90 450 600 840 1,080 1,100 1,100 1,200 1,200

Revenue Auction Commission $9,000 $15,000 $21,000 $27,000 $135,000 $180,000 $252,000 $324,000 $330,000 $330,000 $360,000 $360,000Transportation (brokerage revenue) 1,500 2,500 3,500 4,500 22,500 30,000 42,000 54,000 55,000 55,000 60,000 60,000Vehicle Inspection 300 500 700 900 4,500 6,000 8,400 10,800 11,000 11,000 12,000 12,000Vehicle Financing (brokerage revenue) 750 1,250 1,750 2,250 11,250 15,000 21,000 27,000 27,500 27,500 30,000 30,000

Total Revenue $11,550 $19,250 $26,950 $34,650 $173,250 $231,000 $323,400 $415,800 $423,500 $423,500 $462,000 $462,000

General & Administrative ExpensesVariable:Sales commissions 578 963 1,348 1,733 8,663 11,550 16,170 20,790 21,175 21,175 23,100 23,100Sales tax 982 1,636 2,291 2,945 14,726 19,635 27,489 35,343 35,998 35,998 39,270 39,270

Semi-variable: Advertising & promotion 3,465 5,775 8,085 10,395 25,988 34,650 48,510 62,370 42,350 42,350 46,200 46,200FICA/payroll taxes 2,000 2,000 2,000 2,000 6,000 6,000 6,000 6,000 8,000 8,000 8,000 8,000Supplies 500 500 500 500 1,000 1,000 1,000 1,000 1,500 1,500 1,500 1,500

Auto & transport 5,000 5,000 5,000 5,000 20,000 20,000 20,000 20,000 35,000 35,000 35,000 35,000Postage 100 100 100 100 400 400 400 400 700 700 700 700

Fixed:Payroll 40,000 40,000 40,000 40,000 120,000 120,000 120,000 120,000 160,000 160,000 160,000 160,000

Bank charges 100 100 100 100 100 100 100 100 100 100 100 100Telephone 600 600 600 600 600 600 600 600 600 600 600 600Rent 0 0 0 0 0 0 0 0 0 0 0 0Utilities 0 0 0 0 0 0 0 0 0 0 0 0Office expenses 500 500 500 500 500 500 500 500 500 500 500 500

Total G&A Expenses 53,824 57,174 60,523 63,873 197,976 214,435 240,769 267,103 305,923 305,923 314,970 314,970

Earnings Before Taxes ($42,274) ($37,924) ($33,573) ($29,223) ($24,726) $16,565 $82,631 $148,697 $117,578 $117,578 $147,030 $147,030

Taxes (14,796) (13,273) (11,751) (10,228) (8,654) 5,798 28,921 52,044 41,152 41,152 51,461 51,461Net Income ($27,478) ($24,650) ($21,823) ($18,995) ($16,072) $10,767 $53,710 $96,653 $76,425 $76,425 $95,570 $95,570

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AutoHub .com Car and truck buying, redefined.

Questions?

7/31/2019 AutoHub.com Pitch Final[4]

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Appendix

7/31/2019 AutoHub.com Pitch Final[4]

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Industry

AutoHub .com

Car and truck buying, redefined.

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Carwoo.com screenshot (competitor)

AutoHub .com

Car and truck buying, redefined.

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AutoTrader.com screenshot (competitor)

AutoHub .com

Car and truck buying, redefined.