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Company: Triton Submarines, LLC was founded in 2007 by Bruce Jones, CEO, and Patrick Lahey, President, �... for the purpose of designing and manufacturing a. line of luxury yacht-based manned submarines sometimes referred to as "manned submersibles." The two founders each own 46.75% of Triton LLC with 6.50%owned by Ellis Adams co-founder of U.S. Submarine. Triton's principal office and manufacturing facilities are located in Vero Beach on Florida's Research Coast 57 mikes south of Cape Canaveral. Self-funded, the Company has completed the design, testing and introduction of two production models called Triton 1000 and Triton 3300, capable of reaching ocean depths of 1000 and 3000 feet respectively. Initial sales of both models have been accomplished. Participation at the 2011 and 2012 Ft. Lauderdale Boat Shows and recent promotional dives in the Bahamas has yielded many prospective submersible prospects and the sale of the third and more recently the fourth Triton 3300. During the past two years the Company has reinvested $IM of its assets in the design and prototyping of new production models and an additional $500K in marketing programs to promote the Triton 3300 and 36000 FOD models Products: Overviews of the Company's Products are as follows: "Production Models"Manned Submersibles— 10 to 12 month delivery • Triton 1000-$2 to$2.5 million,two sales,all produced and delivered, • Triton 3300-$2.5 to$3 million,four sales 1 produced and delivered;2 in manufacturing; 1 new sale. "Purpose Built Manned Submersibles"Full Ocean Depth(FOD)— 18 to 24 month delivery • Triton 36000-$17 million plus options,currently in design and development "Support/Launch&Recovery Vessels"- 10 to 12 month delivery • Bury Design Vessels- $800,000 to$1.5 million,in design; available 1Q2014 Services: The Company's Services are classified as follows: "Consulting" "Reoccurring General Maintenance" �► • Submersible modernization and reclassification refits • Quarterly and Annual Service • Optimization of submersible support systems. • Special Periodical Inspection Services • Pilot,Technician,and general operations services • Classification Testing and Recertification • Charter services for Adventure Tourism • Training • Conducting Site Surveys • Design and Development of Tourist Submarines Markets: • Super-Yacht Owners: Triton's current market for its Production Models is the global Luxury Yacht Owner Market. The total market size is estimated to be approximately 2,500 existing super yacht owners and there are currently over 700 super yachts under construction. Management estimates that over the next five years the total market size may approach 3,000 potential buyers with yachts over 100 feet in length. This computes to a total market value of$7.5 billion if one to conservatively use an average sales price of$2.5 million per manned submersible. • High net worth individuals/Resort Tourism the .largest market for the Triton LARC turnkey package is comprised of approximately 85,000 high net worth individuals and hundreds of global Charter, Resort and Adventure Tourism Companies capable of spending $3 to $5 million for a launch vessel and a self- contained submersible. • Scientific Exploration Entities primarily include Woods Hole Oceanographic, Scripts, Japanese based JAMSTEC, French based IFERMER, NOAA, NURP and Russian based RAS. Global universities and other private entities to include mining and exploration companies are prime targets for the Triton 3300 and 36000.FOD model. 186