s.e. research and design, llc | march 2020 confidential

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S.E. Research and Design, LLC | March 2020 Confidential

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S.E. Research and Design, LLC | March 2020Confidential

S.E. Research and Design, LLC | March 2020Confidential

EXECUTIVE SUMMARY

EliumTM - the most versatile and powerful portable vaporizer in the industry

• Delivers high level of precision dosing and temperature control, consistent results every time through patented automated extract delivery system

• Ability to vape both dry herb and extracts, via patented heating element design

• Replaces prefilled vape pens, desktop dry herb vaporizes & large glass water pipes known as “dab rigs”

Founded in 2016 by Denver-based entrepreneur and 10-year industry veteran,

Robin Wilder

Robin realized that functionality was missing from the market: A vaporizer designedto consume both dry herb and extracts, capable of delivering medical-gradeprecision with the ability to control dosage and temperature within one degree ofthe desired vape level

From that idea, EliumTM was born Robin Wilder | Founder, CTO

CURRENT PROJECT STATUS

S.E. Research and Design, LLC | March 2020Confidential

• Have completed the manufacturing and sourcing for all parts

• 10 fully functional Devices in-hand, 15 more by the end of March

• Have begun selected user testing, view live demonstration at this link https://vimeo.com/391276722

• Primary functions performing as expected• Responses positive

• Have begun to update and refine the firmware that controls EliumTM’s user interface

• Increased resolution of dosage control for smaller dosages• Increased range of temperatures for extracts

• Utility Patents Approved, Issued & Pending, view information at these links:

• U.S. Issued https://patents.google.com/patent/US10065005B2/en• Canada Issued https://patents.google.com/patent/CA2979458C• Israel Issued– Pending Processing https://patents.google.com/patent/IL267401D0/en• Mexico Pending https://patents.google.com/patent/MX2019007463A/en• PCT (Europe) Pending https://patents.google.com/patent/WO2018119031A1/en

APPROVED & ISSUED:

United States US 10 , 065 , 005 , B2

Canada CA2979458C

Israel 267401 (pending processing)

UTILITY PATENT APPLICATIONS

PENDING APPLICATIONS:

Mexico – MX/a/2019/007463

Europe

Under the European Patent Office (17883225.0), which covers:

• Netherlands

• Austria

• Germany

• Belgium

• United Kingdom

• France

• Italy

• Spain

• Portugal

• Poland

• Switzerland

• Finland

- APPROVED

- PENDING

S.E. Research and Design, LLC | March 2020Confidential

DEVICE COMPARISONS

S.E. Research and Design, LLC | March 2020Confidential

SLEEK, MODERN DESIGN

•High-quality materials and construction

•Spatially optimized to accommodate device and all accessories into compact container

S.E. Research and Design, LLC | March 2020Confidential

PRODUCT PACKAGING

Over 35 years of experience in aerospace power and systems design. Presently consulting in development of electrical power systems and components, motors and controls, inverters, power conversion, power management, and systems integration

PHILLIP THIBODEAU | HEAD ENGINEER

EXPERIENCE:

• Marketing and business development responsibility at Advanced Analog, Inc.• Manager of power electronics and advanced development at Rockwell

Rocketdyne (ISS)

Business Development Manager for: • Space Systems Division at the Boeing Company• Advanced systems at McDonnell Douglas Corporation

SPECIALTIES:

• Electric Aircraft, Ground Vehicle, and Spacecraft electric power systems, power conversion and management

• Solid State Power Management, radiation effects, electric propulsion, business development, M&A, financial analysis, sourcing

• MBA from the University of Southern California• Bachelor of Science in Engineering from California State University, Fullerton • Founding Member of the IEEE Power Electronics Society• Past committee chairman of SAE AE-7A, Aircraft Power Generation & Fuel Cells• Professional Societies include IEEE, SAE, AUVSI, AIAA, AUSA, AFA, AAAA

HSV Consulting LLCPresident

January 2016 - Present - Huntsville, Alabama

• Aerospace electric power system and power conversion design, power distribution and management

• Special mission equipment installations and completions

Avionic Instruments LLCBusiness Development Manager, Aviation & Defense Systems

May 2005 – December 2015 (10 years 8 months)

Harris CorpPrincipal Engineer, Spacecraft Power

June 2003 – June 2005 ( 2 years 1 month)

Smiths IndustriesPrincipal Engineer, Power Electronics

1999 – 2002 (4 years)

Advanced AnalogDirector, Advanced Programs

1997 – 1999 (3 years)

S.E. Research and Design, LLC | March 2020Confidential

Electrical Engineer with a wide range of experience in the design and development of complex electrical systems. Passionate about design and delight in solving difficult problems.

ALEX LEE | ELECTRICAL ENGINEER

SPECIALTIES & QUALIFICATIONS:

• BS, Electrical Engineering from Cal Poly San Luis Obispo • MSEE from Colorado State University

• PCB Design: Altium, PADS, DxDesigner• Circuit Simulation: Ansoft HFSS, Agilent ADS, Microcap (PSPICE)• FPGA Design: Verilog, VHDL, Xilinx Vivado/ISE• Mechanical Design: Solidworks• Embedded Design: Eclipse, Kiel, IAR Embedded Workbench, Atmel Design Studio• Software: C, C++, Python

S.E. Research and Design, LLCElectrical Engineer, Consultant

October 2017 - Present - Denver, CO

• Developed the hardware and firmware for a vaporizer device. This product hasn’t yet been released to market and is still in the prototype phase

• Hardware includes a BTLE capable Nordic NRF51 based MCU, motor controller, high current switching power supplies for driving the vaporizer ovens, analog filtering and digital conversion for the thermistor signals.

• Wrote a bare metal embedded C based firmware application for controlling the system and driving an OLED display.

• Provide general guidance on what is needed to ship a new product – (production, regulatory, packaging, intros to manufacturing partners, part sourcing, etc.)

National Center for Atmospheric ResearchHardware/Firmware Engineer

November 2017 – Present – Boulder, CO

• Sole engineer responsible for developing the hardware, firmware, and test software for a Radar processing system to be used by NCAR’s wind profiling Radar

• Developed Python based test scripts to run on the host PC. These scripts plot the received data in various forms (time based, FFT, I vs. Q, etc.), as well as timestamp and write the data to file.

S.E. Research and Design, LLC | March 2020Confidential

EXPERIENCE:

• Has been a key member of numerous successful product development teams ranging from high-volume consumer electronics to high-end test and measurement equipment

• Development of one-off precision instruments for satellite operation

For more information please visit our website

or feel free to reach outdirectly.

www.EliumVapor.com

Robin Wilder

303.358.7034

[email protected]

CONTACT INFORMATION

9S.E. Research and Design, LLC | March 2020Confidential