<div dir="ltr"><p>Rick,</p>
<p>That’s great to hear, we’re excited about the opportunity to work together.</p><p>June 30th at noon works best for us, but we’re also available any time after that, or July 3rd after noon if that’s easier on your end.</p><p>We’ve put a lot of thought into structure and direction and are aligned internally on the major pieces. Ahead of the call, it would be helpful to get a sense of how you’re currently thinking about valuation and ownership, especially in the context of where we left off and how you&#39;re approaching market-based valuation ranges. If there’s anything specific you’d like us to prepare or have ready for the discussion, just let us know.</p><p>


</p><p>Looking forward to discussing further.</p></div><br><div class="gmail_quote gmail_quote_container"><div dir="ltr" class="gmail_attr">On Tue, Jun 24, 2025 at 8:34 AM Rick &lt;rick@mavrix.one&gt; wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
    <div style="font-family:Helvetica,Arial;font-size:13px"><p dir="ltr">Jeremy,</p><p dir="ltr">Thank you for your thoughtful response and for sharing more about your perspective. As I said, it’s great to hear about Strategic Logix’s continued momentum, including the SOFWERX solicitation and your upcoming engagements with Congress, FORSCOM, and SOCOM. Your passion and commitment to building the company are evident.</p><p dir="ltr">At Mavrix, we’re still very interested in exploring a relationship that aligns with your goals. Your idea of a partial or majority buyout with a capital infusion feels like a strong starting point, and we’re open to discussing a deal structure that supports your growth, allows you to stay engaged as operators, and de-risks for your team.</p><p dir="ltr">To move forward, we’d love to have a more detailed conversation about valuation, ownership, and terms that feel realistic and mutually beneficial. Could we schedule a call next week to dive deeper? Please let me know what works for your schedule, and I’ll make it happen on our end.</p><p dir="ltr">Looking forward to continuing the discussion.</p><p dir="ltr">Best regards,</p></div> Rick<br> <div class="gmail_signature">
        
     
    Rick Mislan, PhD<br><div><a href="https://mavrix.onehttps://mavrix.onehttps://mavrix.one" target="_blank">https://mavrix.one</a></div><div><img style="height: 11px;"></div>
     
</div> <br><p>On June 23, 2025 at 11:59:53 AM, Jeremy Schnipke (<a href="mailto:jschnipke@strategic-logix.com" target="_blank">jschnipke@strategic-logix.com</a>) wrote:</p> <blockquote type="cite"><span><div><div></div><div><div dir="ltr"><p>Rick,</p><p>Thanks again for the candid response — we always appreciate straightforward conversations.</p><p>Looking back, I can see how our reaction may have come off differently than intended. We’re first-time founders, and admittedly let some of our excitement about the company’s trajectory drive a more optimistic stance on valuation than was helpful in that moment.</p><p>That said, our hesitation wasn’t about the numbers themselves — it was about the nature of a full buyout and what that would mean for stepping away from something we’re still very much committed to building. We’re not looking to give up our upside, but we are absolutely open to a serious conversation around a partial (possibly majority) buyout and capital infusion. One that gives us room to de-risk a bit, inject the resources we need to scale, and stay fully engaged as operators.</p><p>If Mavrix is still interested, we’d be curious to hear where you stand on valuation, ownership targets, and deal structure. We’re open to finding something that makes sense for both sides.</p><p>




</p><p>Appreciate your time as always,<br>
Jeremy</p></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Jun 23, 2025 at 11:00 AM Rick &lt;rick@mavrix.one&gt; wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
    <div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">HI guys, thanks for the update. </div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">All sounds promising!</div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px"><br></div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">To be honest (which I always am), </div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">based on the end of our last conversation, </div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">mavrix will not meet your financial expectations.</div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px"><br></div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">I believe you both scoffed at a $50M offer and </div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">then again you hesitated and said no to $250M.</div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px"><br></div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">If I’m wrong in my assumption, please </div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">let me know where you think mavrix can help.</div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px"><br></div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">Respectfully,</div><div id="m_-5627855832975132109m_6332035242497208014bloop_customfont" style="font-family:Helvetica,Arial;font-size:13px;margin:0px">Rick</div> <br> <div id="m_-5627855832975132109m_6332035242497208014bloop_sign_1750690613825149184">
         
      
    Rick Mislan, PhD<br><div><a href="https://mavrix.onehttps://mavrix.onehttps://mavrix.one" target="_blank">https://mavrix.one</a></div><div><img style="height: 11px;"></div>
      
</div> <br><p>On June 23, 2025 at 10:29:22 AM, Jeremy Schnipke (<a href="mailto:jschnipke@strategic-logix.com" target="_blank">jschnipke@strategic-logix.com</a>) wrote:</p> <blockquote type="cite"><span><div><div></div><div><div dir="ltr">Good morning Rick,<div><p>I wanted to follow up after our recent conversation regarding a potential investment from Mavrix into Strategic Logix. We really appreciated the opportunity to share what we’re building.</p><p>Things have moved quickly since we last spoke — we’ve been downselected for the SOFWERX Drone-in-a-Box solicitation, have meetings scheduled over the next couple of weeks with key members of Congress, FORSCOM, and SOCOM leadership, and are finalizing several new capabilities including a fiber optic conversion kit, a fixed-wing conversion kit, and a ground vehicle conversion kit — all on track for completion within the next three weeks. Our calendar is quickly filling with travel and briefings.</p><p>

We’ve had a few other investors reach out as momentum continues to build, and given our shared objectives, I wanted to see if you had any follow-up questions or would like to get a time on the calendar to continue the conversation.

</p><p>


</p><p>Looking forward to hearing from you.</p></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Jun 10, 2025 at 4:42 PM Andrew Valkenburg &lt;<a href="mailto:avalkenburg@strategic-logix.com" target="_blank">avalkenburg@strategic-logix.com</a>&gt; wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div>Rick,</div><div><br></div><div>Looking to check in if/when you&#39;d like to meet again. Had a few trips added for next week, so wasn&#39;t sure if you wanted to get together this week at all. </div><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div dir="ltr"><p><font color="#000000"><b><a href="https://d5Fk0J04.na1.hs-sales-engage.com/Ctc/ZY+23284/d5Fk0J04/Jks2-6qcW69sMD-6lZ3p3W4JBM684-zzGgW3R5Z7n4mSPNDW8bJ48z9bnX-yW4_HP487GBDWwW71rpr36Q63q_W1TlDPD95Cm_bW5KJP6448Q5ShN6MBxcgwG_QnW3Z3bhX7fDWQfW2xRyXk3-Bb8HW3zRsdZ1JQh6_W4dKLDY3hLL5rW6WFXrT315_CCW1dNSP14K69dHW8-l0_T99BSLZW260Zgw6TdmHfMFhkNlXdYs9VXJzvm7XFsVLN3TN0klwSz3CW47WTD13TngfCf7h43Jq04" target="_blank">VISIT OUR WEBSITE</a></b></font></p><p><strong><font color="#000000"><br></font></strong></p><p><strong><font color="#000000">Sincerely,</font></strong></p><p><font color="#000000">Andrew Valkenburg<br>Chief Operations Officer, Strategic Logix LLC<br>484-225-9132<br><a rel="noopener">avalkenburg@strategic-logix.com</a></font></p></div></div><img src="https://d5Fk0J04.na1.hs-sales-engage.com/Cto/ZY+23284/d5Fk0J04/R5R8b46GFN8DRvLG2fJtJW3M1SJx21hM7hW1-Ypq51XnY_PW1GyZgk3JD_VkW25d5521--yY3W3JHSfp1T_YtRn1--v6q4W1" alt="" height="1" width="1" style="display: none;"><div></div></div>
</blockquote></div><div><br clear="all"></div><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div dir="ltr"><p><strong>Sincerely,</strong></p><p>Jeremy Schnipke<br>Chief Executive Officer, Strategic Logix LLC<br>Mobile: 419-203-3215<br><a rel="noopener">jschnipke@strategic-logix.com</a></p></div></div>
</div></div></span></blockquote>


</blockquote></div><div><br clear="all"></div><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div dir="ltr"><p><strong>Sincerely,</strong></p><p>Jeremy Schnipke<br>Chief Executive Officer, Strategic Logix LLC<br>Mobile: 419-203-3215<br><a rel="noopener">jschnipke@strategic-logix.com</a></p></div></div>
</div></div></span></blockquote>


</blockquote></div><div><br clear="all"></div><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div dir="ltr"><p><strong>Sincerely,</strong></p><p>Jeremy Schnipke<br>Chief Executive Officer, Strategic Logix LLC<br>Mobile: 419-203-3215<br><a rel="noopener">jschnipke@strategic-logix.com</a></p></div></div>