and discipline enable Baya to disrupt the market and deliver a superior product with higher structural integrity, infinite configurations, at a materially reduced price in a significantly reduced time-frame.

Sector/Customer Demographic: Industry: Construction Geography: North America Customer: Initially B2B developers then B2C end users

Limitations: Baya’s current focus is on the 90%+ of the world that is below 5 stories

TAM >$1B: mass opportunity, multiple clients, multiple market segments: The global market is over $10 trillion per annum. US market is $1.2 trillion per annum

Round/Funding: Series A; $20mm, $60mm post money (Set by lead Investor)

Stage, # of Employees: Commercialization; Staffing levels begin at 10 and increase to 31 by month 24

Key milestones to achieve with new funding: Complete designs to fulfill current POs Q1 post funding Software design Q2 post funding First Assembly Fulfillment Center (AFC) Q2 post funding Begin assembly (fulfillment of POs) Q4 post funding

Pros/areas of concern of team?: Highly experienced team spanning construction, finance, FinTech and high tech industries. Identified candidates for manufacturing and quality control.

Founding team worked together? Do we know who they worked with from our network?: The core team has been collaborating closely over the last 12+ months. All members of the team were introduced as direct referrals from within our internal network.

Timing is right? Why?: Global population growth is estimated to increase by 2.2 billion by 2050. Housing demand is growing at a faster rate than the pace of construction. Costs of materials, labor and shipping continue to rise, inflating cost of traditional construction

Solution cost challenges: Industry challenges include: market pricing and materials lead times. To mitigate, Baya designs for flexibility and interchangeable suppliers.

Competitors/Timing/Who has TTM Advantage (how much): There has been an increasing number of companies in the modular building and modified container market. For example: Katerra raised $865mm in January 2018 from SoftBank to build offsite manufacturing plants. Conventional, containers, and offsite construction have limited configurations/styles. Manufacturers are limited by the geographical location and market. Baya Build is not factory dependent. Requires unskilled labor and is not limited to a template or a specific number of models.

Substitutes available now and in future: Now: Modified containers, prefab, offsite construction Future: 3D Printing

Sustainable advantage: Baya’s patent portfolio is a key protection. Baya has filed 9 claims to date and expects to have them granted by the end of 2018

Many potential buyers (exit analysis): Home builders (Lennar, KB Homes, Toll Brothers, etc.) Private equity groups (Blackstone, TPG, Apollo) Technology companies (Alphabet)

10X upside potential: Baya’s goal: 4 years to reach 10X

Strengths: Experienced and innovative leadership team, timing, industry experience, traction, huge market, growing demand, strategic investors/partners, pricing combined with value

Challenges: Execution, reliance on decentralized manufacturing and market acceptance