x Rail Asset Fund

8/13/2019 x Rail Asset Fund

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X Rail Asset Fund 1

A Limited partnership for the construction andownership of passenger railcars for leaseback torun on national routes


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Fund Metrics

LVRE is General Partner

Investors receive 80% of the net cash quarterlyafter operating expenses

Partnership will build 2 railcars per $1.5 million

Cash Dividends are paid Quarterly to LimitedPartners

Upon completion of construction and certificationby Amtrak, lease payments of $35,000 per monthper car begin to Partnership.


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The General Partner

The X Train is the General Partner for thepartnership www.vegasxtrain.com

We will manage all affairs of the partnership

including investor relations, accounting, K-1preparation & distribution and supervise allconstruction on the rail car assets

We are based in Las Vegas and are publiclytraded under the symbol XTRN on the OTCQB

Our auditors are BDO
http://www.vegasxtrain.com/http://www.vegasxtrain.com/


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The Market DemandThe passenger rail industry does not provide anupscale commuter service offering


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Passenger Ridership

GrowthAmtrak Ridership 31.2 mmRidership Growth 1997-2012 55%

Metro Ridership % 88%

10 Busiest Metro Ridership % 63% Calif./NYC

Train ridership grew by 55 percent sin ce

1997, faster than o ther majo r travel modes,and now carries over 31 mi l l ion r iders

annually, an all-t ime hig h.


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Ridership Concentration


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Route Profitability


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Club X PressRailcars are fitted out to include

comfortable seating and anonboard food service section,serving quality meals providedby Masterpiece Cuisine.Upscale business environment

for commuters


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Club Xpress Class Interior


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48 Seat Club Xpress LuxuryCar


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CarTransformation

X Train purchases existing

railcars which have come offservice and refurbishes them inits car facility.


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Refurbishment Facility

All of our railcar refurbishment

work has been done out of ourWhiteland, Ind. Shop, justsouth of Indianapolis. Our workgoing forward will becompleted in our new facilityhere in Las Vegas, Nevada


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Production


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2014 Car Production Plan

JAN 2015

Running Car Totals

Keystone Grill

Mohave

4Cars

2 Cars2 Cars

Leased cars from Mid America Railcar -3year term can deploy cars ahead of LPcar production to start routes, revenue,and market coverage

8Cars

12Cars

12Cars

16Cars

16Cars

20Cars

20Cars

8Cars

4Cars

2Cars

LP

Starts

2 CarsReleaseJan 10thMove to

Vegas/LAstart

serviceon

SurflinerFeb 2014

2 CarsStartRefurb inIndianaFeb 1,2014

LuxuryGrill

LuxuryLounge

2 CarsCompleteRefurb inIndianaFeb 1,2014

Deploy toWestCoast

Greenbrier Express, Pottstown, PA 13 Low Level Cars Conversion to Grills & LoungesCars are on hand and ready for conversion

Ahern Xtreme Manufacturing, Elwood, KS and Las Vegas, NV Gallery Car Conversions to X Club CarsGallery Cars from will be moved for conversion utilize 14 cars from X Train and additional purchases

2 Cars

8

Cars

Start

Start

FEB APR JUNMAY JUL SEPAUG OCTNOVMAR DEC

2 Cars 2 Cars 2 Cars2 Cars

2 Cars 2 Cars 8Cars

X Rail Fund 1 Partnership Railcar Production

2014


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Financial Metrics

All forecasts included in this presentation are purely forillustrative purposes and are not be be construed as a

guarantee of actual results.

FINANCIAL METRICS

Per Car Number of Cars Total Investment

Total Cash Invested $5,000,000

Acquisition Costs $100,000 $6 $600,000

Refurb Costs $750,000 $6 $4,500,000

Total Construction Cost $850,000 $5,100,000Administrative Cost $100,000

Commission 0.00% 0

Total Capital $5,200,000

Depreciation 14% $728,571

Total Investment Cash $5,200,000

Total Capital Raised $5,200,000

Net Capital (residual) $4,371,429

Depreciation Period 7 $728,571


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Operating MetricsOPERATING

METRICSCalendar Year 1 Calendar Year 2 Calendar Year 3 Calendar Year 4

Lease Revenue/Car/Month $35,000

Cars Deployed 6 6 6 6

Months deployed 8 12 12 4

Cash Balance

Lease Revenue $1,680,000 $2,520,000 $2,520,000 $840,000

Depreciation $728,571 $728,571 $728,571 $728,571

Operating Expenses

Administrative Fee $16,000 $24,000 $24,000 $8,000

Travel $16,000 $24,000 $24,000 $8,000

GP Fee 1% $19,600 $25,200 $25,200 $8,400

Car Construction Costs $5,100,000

Total Cash Outlay $5,151,600 $73,200 $73,200 $24,400

Opening Cash Balance $5,200,000

Cash Balance $1,728,400 $2,446,800 $2,446,800 $815,600


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Financial Metrics

All forecasts included in this presentation are purely forillustrative purposes and are not be be construed as a

guarantee of actual results.

Return on Investment Year 1 Year 2 Year 3 Year 4

Total Cash paid out $1,382,720 $1,957,440 $1,957,440 $652,480

Cumulative Cash Paid Out $1,382,720 $3,340,160 $5,297,600 $5,950,080

Residual Value $4,371,429 $3,642,857 $2,914,286 $2,185,714

Total LP Interest Value $5,754,149 $6,983,017 $8,211,886 $8,135,794

Cash on Cash Return-

Annualized 26.59% 37.64% 37.64% 12.55%

Cumulative Cash on Cash Return 26.59% 64.23% 101.88% 114.42%

Residual Value ROI-Annualized 84.07% 70.05% 56.04% 42.03%

Total ROI Including Residual 110.66% 134.29% 157.92% 156.46%


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How to Subscribe

Accredited Investors Only

Request subscription documents and PPM

Execute Subscription documents

Company suitability review

Wire funds to Partnership

Company executes documents & deliverscertificate of ownership in the partnership.

Documents

x Rail Asset Fund