OVERVIEW – PROVEN TRACK RECORD – EXTENDING THE OPPORTUNITY

American Whiskey Capital is seeking $5 million of equity to purchase an aged premium bulk whiskey portfolio that is available at below market price

• Experienced management team capitalizing on structural dislocation and strategic reset

• Acquiring an existing known portfolio of aged barrels 
  • Up to 5,124 barrels of Kentucky Bourbon, Tennessee Whiskey and Rye
  • Weighted average whiskey barrel age of 2.5 years well positioned for coming shortage of stock
  • Acquisition at 25% below FMV or 105% of 2026 comparable New Fill Price (historically low-cost basis) which is strategically positioned for the projected supply gap
  • 37% of the acquired portfolio (measured as % of acquisition cost) earmarked for sale to the Fund’s affiliate’s premium whiskey brands and bottling activities 2028-30
  • Pro-forma: Investor target net total return: 1.99 MOIC by 2030 or 25.7% IRR, 2.64 yr average life

(1) Stated performance targets based on the Company’s pro-forma financials and base case assumptions. Gross figures do include return of committed capital after management fees, carried interest and allocable fund expenses but do not reflect taxes which will reduce returns. See Important Notices at the beginning of this presentation. Net figures are calculated on a pre-tax basis after management fees, carried interest, allocable Fund expenses and after return of the committed capital. Any applicable transaction costs in connection with the disposition of investments and other expenses to be borne by investors in the Fund, will reduce the net return. Nothing contained herein should be deemed to be a prediction or projection of the future performance of the Fund.  All investments have a risk of loss. 

PROVEN WHISKEY INVESTMENT TRACK RECORD 

• Experienced management team with >$2 billion of transactions across alternative asset classes; successfully created, operated and exited companies through acquisitions, mergers and IPO

• Team successfully operated three Whiskey funds managing approximately $20.8mm of invested capital since 20181
  • Whiskey Fund 1: AWIP ($3.9mm) Investor net total return: 2X (26% IRR)
  • Whiskey Fund 2: A-SNL ($7.7mm) Expected Investor net total return: 1.6X
  • Whiskey Fund 3: AWIP2 ($9.2mm; levered) Fund is fully invested. In barrel aging mode and beginning sales

• Detailed Fund Performance Reports are Available for Review

(1) Stated performance targets based on the Company’s pro-forma financials and base case assumptions. Gross figures do include return of committed capital after management fees, carried interest and allocable fund expenses but do not reflect taxes which will reduce returns. See Important Notices at the beginning of this presentation. Net figures are calculated on a pre-tax basis after management fees, carried interest, allocable Fund expenses and after return of the committed capital. Any applicable transaction costs in connection with the disposition of investments and other expenses to be borne by investors in the Fund, will reduce the net return. Nothing contained herein should be deemed to be a prediction or projection of the future performance of the Fund.  All investments have a risk of loss. 

OPPORTUNITY AND DRIVERS: SEVERE STRUCTURAL DISLOCATION AND STRATEGIC RESET TO BE FOLLOWED BY 2029 SUPPLY GAP

Recent Structural Dislocation Drivers Setting-up Strategic Reset and Opportunity 

• Inventory Glut estimated to be 300% higher than current annual demand. Production Contraction reduced output by 28% in the past year; Jim Beam has announced a full pause for the duration of 2026. Demand Dropped to a 90-year low. Exports Collapsed by as much as 70% in early 2025

Go-forward Trends as Basis of Opportunity – Strategic Reset and Recovery Driven by Supply Correction

• Consolidation: Distressed assets are expected to change hands throughout 2026 as larger producers seek to acquire mature stocks and established craft brands at a discount

• Future Supply Gap: While there is a current glut, the drastic production cuts in 2025–2026 are predicted to lead to a shortage of 3-year-old stock by 2029, potentially creating a “once-in-a-generation” opportunity for investors with long-term capital 

• Strategic Opportunity: Investors focusing on 2026 new fills are positioning themselves to capitalize on the historically low cost-basis of current production, aiming for high-margin exits when the 2029 gap occurs

• Market Growth: Global whiskey market projected to grow at a CAGR of 5.3% to 6.5% through 2029

(1) Stated performance targets based on the Company’s pro-forma financials and base case assumptions. Gross figures do include return of committed capital after management fees, carried interest and allocable fund expenses but do not reflect taxes which will reduce returns. See Important Notices at the beginning of this presentation. Net figures are calculated on a pre-tax basis after management fees, carried interest, allocable Fund expenses and after return of the committed capital. Any applicable transaction costs in connection with the disposition of investments and other expenses to be borne by investors in the Fund, will reduce the net return. Nothing contained herein should be deemed to be a prediction or projection of the future performance of the Fund.  All investments have a risk of loss. 

MACRO OPPORTUNITY: CAPTURE THE INCREASED STORED VALUE OF AMERICAN WHISKEY

• Aging American Whiskey in barrel investment is a unique “commodity” that naturally appreciates in value with age, and has a minimum aging requirement and is uncorrelated to other asset classes

• Global American whiskey market value was approximately $11.6 billion USD in 2025, up from $9.1 billion in 2021, implying roughly 6 % CAGR into the early 2030s.1

• American whiskey U.S. sales were $5.1 billion in 2024-251, according to the Distilled Spirits Council.
• American whiskey made up roughly 53 % of all whiskey sold in the U.S.5

• In 2025, North America represented about 31.6 % of global American whiskey revenues (~$3.65 billion USD), with the U.S. itself accounting for nearly 79 % of that regional total. 1

• Total U.S. spirits exports hit a record $2.4 billion USD in 2024; American whiskey accounted for 54 % of that, or roughly $1.3 billion USD. 2

• Within U.S. whiskey (Bourbon, Rye, Tennessee), premium‑and‑above tiers have been growing roughly three times faster than standard‑and‑below over the long run. 4

1 https://www.cognitivemarketresearch.com/american-whiskey-market-report

2 https://distilledspirits.org/news/u-s-spirits-exports-hit-record-2-4-billion-in-2024/

3 https://www.skyquestt.com/report/american-whisky-market

 4 https://www.theiwsr.com/insight/premiumisation-is-slowing-but-theres-a-counter-trend/

5 https://www.forbes.com/sites/joemicallef/2025/09/17/has-the-whiskey-boom-gone-bust-not-quite-but-headwinds-persist/

OUR GOALS: MAXIMIZE RETURN, MITIGATE RISK AND DIVERSIFY YOUR PORTFOLIO 

1 There can be no guarantee of any level of returns.  All investments have a risk of loss. Before management fees and expenses.

MANAGEMENT

VOLKER SCHAUZ IS A SUCCESSFUL ENTREPRENEUR, INVESTOR AND INVESTMENT MANAGER WITH 30 YEARS OF EXPERIENCE BETWEEN THE US AND EUROPE IN BUILDING, OPERATING AND MERGING/SELLING BUSINESS ENTITIES ACROSS VARIOUS INDUSTRIES SUCH AS MEDIA, FINANCIAL SERVICES, REAL ESTATE

DENISE LONGARZO IS AN ACCOMPLISHED ENTREPRENEUR, INVESTOR, AND PRIOR SENIOR EXECUTIVE WITH 30+ YEARS OF EXPERIENCE IN BLUE CHIP COMPANIES AND START-UPS LAUNCHING NEW VENTURES AND INVESTMENT FUND STRATEGIES ACROSS A NUMBER OF INDUSTRIES

SPECIFIC RISKS

• Speculative Nature of Investment and No Guaranteed Rate of Return
  An investment in the Fund is highly speculative in nature. There is no guarantee that an investment in the Fund will earn a specified rate of return or any return in the short term or the long term

• Availability of Portfolio
  There is no assurance that each barrel of the portfolio as depicted in the pro forma will be available at the stated price. This is an on-going negotiation

• Nature of the Asset
  The business of the Fund is to purchase a portfolio of aged whiskey. Whiskey require years to generate returns. Production is not very elastic in response to demand. As it matures, Whiskey naturally evaporates from the barrel. This normal evaporation is referred to as “Angel’s Share”. There is no guarantee on barrel yield. Some barrels may fail entirely. The Fund may suffer losses due to uninsurable events or “acts of God” and the Fund could lose some or all of its invested capital

• Market Risk
  As any other production and/or trade business, the Fund’s business is exposed to market risk. Acquisition costs and resale prices for the aged product fluctuate. Supply and Demand of the product as well as market prices fluctuate. The Fund and its investors may suffer losses from fluctuations in the market and the decline of value

• Concentration Risk
  To the extent that the portfolio is concentrated in or significantly exposed to a particular Distiller batch, the Fund will be susceptible to an issue in quality

• Retaliatory Risk
  Retaliatory tariffs are harmful and undercutting economic growth in the sector. They have had a measurable impact on American whiskey exports in the past, particularly to the EU, the largest market

• Effects of the Pandemic
  Craft distilleries experienced significant layoffs and declines in sales during the pandemic. Many state governments relaxed regulations to provide distilleries some flexibility with their business models including permitting direct ships, Sunday sales, cocktail take-out which helped during the pandemic. While in-home alcohol consumption has increased significantly in the U.S. during the COVID-19 pandemic, alcohol sales in the hospitality and leisure industry (hotels, cruise ships, etc.) have been reduced drastically. Another health crisis or pandemic may lead to other or continued restrictions in the hospitality and leisure industry with adverse effects for sales of U.S. spirits and the Fund’s ability to execute its strategy, sell its products and achieve its investment objectives

• Lack of Liquidity
  No market exists at present through which interests in the Fund may be sold and none is expected to develop. Investors in the Fund will likely be unable to dispose their interests in the Fund other than through the redemption of their interests by the Fund which is restricted.  Consequently, holders of interests in the Fund may not be able to sell or redeem their interests and such interests may not be accepted as collateral for loans

• Management
  The Management Team’s reliance on its strategy and judgements about the attractiveness, value and potential appreciation of the Fund’s investments in the Whiskey distilled by particular distillers and its marketability to Blenders, and Brands may prove to be incorrect and may not produce the desired results

• Conflicts of Interests
  The management team will commit significant services to the Company and the Fund; however, the directors, officers and advisors to the Fund may provide similar services and devote a portion of their time to other investments, directorships and offices, which may result in certain conflict of interests

• Private securities are speculative, illiquid and carry a high degree of risk – including the entire loss of the investment

• A more complete description of these and other risk factors is set forth in the Private Placement Memorandum