# EDGAR Filing Document

**Accession Number:** 0001870765
**File Stem:** 0001670254-23-000154
**Filing Date:** 2023-2
**Character Count:** 112663
**Document Hash:** 5bdac4ae07b28994ac29bb664fbf5d17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000154.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001670254-23-000154

**CONFORMED SUBMISSION TYPE**: C-AR

**PUBLIC DOCUMENT COUNT**: 7

**CONFORMED PERIOD OF REPORT**: 20211231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EX ZERO CARBON, INC.
- **CENTRAL INDEX KEY:** 0001870765
- **IRS NUMBER:** 862083169
- **STATE OF INCORPORATION:** FL

**FILING VALUES:**
- **FORM TYPE:** C-AR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-28368
- **FILM NUMBER:** 23649990

**BUSINESS ADDRESS:**
- **STREET 1:** 1314 E LAS OLAS BLV #727
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 1314 E LAS OLAS BLV #727
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301

## Ex-99

### Attached PDF Documents

**Attachment 1:** `document_1.pdf`

# Annual Report

## Cover Page

Name of issuer:

EX ZERO CARBON, INC.

Legal status of issuer:

Form: Corporation

Jurisdiction of Incorporation/Organization: FL

Date of organization: 1/22/2021

Physical address of issuer:

1314 E Las Olas BLV #727

Fort Lauderdale FL 33301

Website of issuer:

https://zero-x.co/

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

CIR number of intermediary:

0001670254

SOC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

Current number of employees:

1

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $5,315.00 | $0.00 |
| Cash & Cash Equivalents: | $997.00 | $0.00 |
| Accounts Receivable: | $0.00 | $0.00 |
| Short-term Debt: | $3,601.00 | $0.00 |
| Long-term Debt: | $206,375.00 | $0.00 |
| Revenues/Sales: | $0.00 | $0.00 |
| Cost of Goods Sold: | $0.00 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | $0.00 | $0.00 |

Select the jurisdictions in which the issuer intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD,

MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC,

SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, BS, GU, PR, VI, IV

## Offering Statement

Respond to each question in each paragraph of this part. Set forth each question and any notes, but not any instructions thereto, in their entirety. If disclosure in response to any question is responsive to one or more other questions, it is not necessary to repeat the disclosure. If a question or series of questions is inapplicable or the response is available elsewhere in the Form, either state that it is inapplicable, include a cross reference to the responsive disclosure, or omit the question or series of questions.

Be very careful and precise in answering all questions. Give full and complete answers so that they are not misleading under the circumstances involved. Do not discuss any future performance or other anticipated event unless you have a reasonable basis to believe that it will actually occur within the foreseeable future. If any answer requiring significant information is materially inaccurate, incomplete or misleading, the Company, its management and principal shareholders may be liable to investors based on that information.

### THE COMPANY

1. Name of issuer:

EX ZERO CARBON, INC.

2. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?

☑ Yes ☐ No

Reason for failure to comply:

Late Annual Report for 2022.

## DIRECTORS OF THE COMPANY

4. Provide the following information about each director (and any persons occupying a similar status or performing a similar function) of the issuer.

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Julien Uhlig | CEO | EX Venture | 2021 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

## OFFICERS OF THE COMPANY

5. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer.

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Julien Uhlig | CEO | 2021 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

INSTRUCTION TO QUESTION 5. For purposes of this Question 5, the same officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person that routinely performing similar functions.

## PRINCIPAL SECURITY HOLDERS

6. Provide the same and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power.

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| MHR Holding PTE Ltd. (23.5% owned by Dr. Armin Rosenbach, 72.5% Michael Hofmeister) | 25000000.0 Shares | 100.0 |

INSTRUCTION TO QUESTION 6. The above information must be provided as of a date that is no more than 120 days prior to the date of filing of this offering statement.

To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 90 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction as control - i.e., for example, a set of shares) they should be included as being 'beneficially owned'. You should include an explanation of these circumstances in a footnote to the 'Number of and Class of Securities Now Held.' To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities connected.

## BUSINESS AND ANTICIPATED BUSINESS PLAN

7. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

For a description of our business and our business plan, please refer to the attached Appendix A, Business Description & Plan

INSTRUCTION TO QUESTION 7. Wefender will provide your company's Wefender profile as an appendix (Appendix A) in the Form C to PDF format. The submission will include all Q&A items and 'read more' data in an uncollapsed format. All values will be transcribed.

This means that any information provided to your Wefender profile will be provided to the SEC in response to this question. As a result, your company will be potentially liable for misstatement and omissions in your profile under the Securities Act of 1933, which requires you to provide material information related to your business and anticipated business plan. Please review your Wefender profile carefully to ensure it provides all material information, if not false or misleading, and does not omit any information that would cause the information included to be false or misleading.

## RISK FACTORS

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

8. Discuss the material factors that make an investment in the issuer speculative or risky.

Zero Carbon Inc. works on high-technology carbon conversion. While the unit has been extensively tested, risks remain in regards to long-term structural and material strains, where future generations might need optimizations. Design changes might be needed to reach long-term operational success.

Zero Carbon builds complex technical machinery which can cause risk to operators, customers, and neighbors alike. The risks remain from lawsuits, damages, and legal proceedings against the company stemming from system deployment and or operations.

Zero Carbon operates in a cash-intensive environment, as such the risk remains that the company will not be able to generate sufficient capital to enter the desired markets and grow as fast as estimated.

The extensive know-how of the company is based on a small engineering team, the risk remains that this knowledge cannot be documented and transferred sufficiently to secure successful operations if one or more senior management members might leave the company, get insured, or die.

While Zero Carbon has been doing extensive testing, the risk remains that certain fuel sources add to the emissions and certain markets might not allow the operations of the machinery under current regulation, limiting the market potential of the company.

COVID-19 can materially impact our business.

It is unclear how long the COVID-19 pandemic will last and to what degree it could hurt our ability to generate revenues.

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

Julien Uhlig is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.

INSTRUCTION TO QUESTION 9: Avoid generalized arguments and include only those factors that are unique to the issuer. Discussion should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the keynote or forth choice. No specific number of risk factors is required to be identified.

# Ownership and Capital Structure

## DESCRIPTION OF ISSUER'S SECURITIES

17. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Common | 25,000,000 | 25,000,000 | Yes |

Securities Reserved for
Class of Security Issuance upon Exercise or Conversion

Warrants:

Options:

24. Describe the material terms of any indebtedness of the issuer.

Loan

| Lender | EX Venture Inc. |
| --- | --- |
| Issue date | 12/30/21 |
| Amount | $35,000.00 |
| Outstanding principal plus interest | $35,000.00 as of 02/16/23 |
| Interest rate | 1.0% per annum |
| Maturity date | 01/11/25 |
| Current with payments | Yes |

Related Party Loan Agreement for Operating Capital. Repayment in case of positive Business development. No maturity date.

None.

INSTRUCTION TO QUESTION 16: name the creditor, amount used, interest rate, maturity date, and any other material terms.

25. What other exempt offerings has the issuer conducted within the past three years?

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 1/2021 | Section 4(a)(2) |  | $250,000 | General operations |
| 9/2021 | Regulation Crowdfunding | Convertible Note | $220,675 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12-month period. Including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer;
4. or any immediate family member of any of the foregoing persons.

☑ Yes

☐ No

For each transaction specify the person, relationship to issuer, nature of interest in transaction, and amount of interest.

| Name | Ex Zero Carbon Pte. Ltd. |
| --- | --- |
| Amount invested | $250,000.00 |
| Transaction type | Other |
| Issue date | 01/07/21 |
| Relationship | Also Staff Member at MFC |

In 2021, the Company entered into a service agreement with Ex Zero Carbon Pte. Ltd. ("Carbon"), an entity owned by Lorraine Ribeiro, an engineer for MFC Multi Fuel Conversion GmbH ("MFC"), whereby Carbon provided the Company with research and development services. In September 2021, the Company entered into a purchase order with MFC Multi Fuel Conversion GmbH ("MFC") worth $250,000. As of December 31, 2021, Carbon has paid $472,000 of this total service for equipment on behalf of the Company.

Table of the Company

| Name | EX Venture Inc. |
| --- | --- |
| Amount invested | $55,000.00 |
| Transaction type | Loan |
| Issue date | 12/30/21 |
| Outstanding principal plus interest | $55,000.00 as of 02/16/23 |
| Interest rate | 1.0% per annum |
| Maturity date | 01/11/25 |
| Current with payments | Yes |
| Relationship | Founder |

The Company has entered into a licensing agreement with a related party, MFC MultifuelConversion GmbH (the German entity) to license the patents, know-how, software, copyrightable matter, and trademarks currently held by the related party to generate revenues.

INSTRUCTIONS TO QUESTION 26: The term transaction includes, but is not limited to, any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) or any series of similar transactions, arrangement or relationships.

Beneficial ownership for purposes of paragraph (1) shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of this Question and Answer format.

The term "number of the family" includes any child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal dependent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or minor-in-law of the person, and includes adoptive relationships. The term "spiritual equivalent" means a substitute occupying a relationship generally equivalent to that of a spouse.

Compare the amount of a related party's interest in any transaction without regard to the amount of the profit or loss involved in the transaction. Where it is not practicable to state the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☐ Yes
☑ No

28. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

### Management's Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

#### Overview

Trash Into Treasure: Eliminating Global Waste by Turning Trash Into Clean Energy

There are so many non-utilized waste streams depleting this planet's finite resources. In the last decade, we have spent the problems have only gotten worse. Now entire countries, as well as the ocean, are covered in mixed waste which is almost impossible to recycle. There are no cost-effective solutions available.

Zero Carbon is the exclusive License Holder of MFC- a leading German Developer of Small Scale Waste2Energy Systems! We developed the smallest waste treatment system, as small as a fridge.

This is multi-patent pending technology "Made in Germany." MFC generated about $5Mil. in Government Funding for Technical Innovation and Excellence. The Technology most recently completed university testing. With successful pilot projects for Tata in India and now in Bali we are entering global markets.

We are striving to reach 250 Mil. USD valuation within the next five years. Building an asset pool of our operational machines generating energy and reducing waste for our corporate partners. We work very closely with partners such as Schneider Electric to bring this technology to markets as fast as possible. Most of the needed development budget has been approved by the German Government, derisking the growth of the company going from validation to markets. These projections are not guaranteed.

#### Milestones

EX ZERO CARBON, INC. was incorporated in the State of Florida in January 2021.

Since then, we have:

- Turning Sewage, Municipal Waste, Agricultural Waste (and more!) into Clean Burning Hydrogen
- No waste products: Just clean fertilizer and natural bricks for building affordable housing.
- Miracle of German Engineering: Validated by German Government & Fraunhofer Institute (Germany's MIT)

- Up for $1.5M Government Grant (not guaranteed).
- 4 Patents Pending & 17 Years of R&D (German Company)
- Pilot Project Launching in Paris with $200MM potential renewal contract upon successful completion.
- Colossal Global Opportunity to solve the trash issues and Reduce Carbon Emissions across the world.

The Company is subject to risks and uncertainties common to early-stage companies. Given the Company's limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future.

### Historical Results of Operations

Our company was organized in January 2021 and has limited operations upon which prospective investors may base an evaluation of its performance.

- Revenues & Gross Margin. For the period ended December 31, 2021, the Company had revenues of $0 compared to the year ended December 31, 2020, when the Company had revenues of $0.
- Assets. As of December 31, 2021, the Company had total assets of $0, including $0 in cash. As of December 31, 2020, the Company had $0 in total assets, including $0 in cash.
- Net Income. The Company has had net income of $0 and net income of $0 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- Liabilities. The Company's liabilities totaled $55,000 for the fiscal year ended December 31, 2021 and $0 for the fiscal year ended December 31, 2020.

### Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

### Liquidity & Capital Resources

To-date, the company has been financed with $55,000 in debt, $250k in related party service agreements, and $355,675 in Reg CF investments.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

MHR Holding PTE Ltd. ("MHR"), a Singapore company, owns 100% of the distributed shares of Ex Zero Carbon Inc. MHR Holding is owned by the inventor of the technology, Michael Hofmeister, and Head of Legal Dr. Annm Rosenbach.

In September 2022, the Company entered into an Exclusive License Agreement with MFC Multi Fuel Conversion GmbH ("MFC"). MFC is active in the environmental industry for production of electric and thermal energy from combustion of renewable resources, particularly biomass, notably in the form of waste, and has developed extensive technical knowledge in this area, comprised inter alia in patent applications, utility models, know-how/trade secrets including, but not limited to, basic and applied combustion technology. The Company desires to exclusively license from MFC the patents and know-how and software and other copyrightable matter and license the trademarks to enable the Company to exclusively market and license the underlying technologies to third parties, to exclusively prosecute & de-fend IP rights to these technologies, as well as to continue to develop the underlying technologies in any respect it deems fit, ig. All patent applications are filed and held by MFC.

The Team of Zero Carbon also founded Entrade Energiesysteme AG, which was taken over in 2018 by Rosemarin Holding, a UK Fund. As the former Head of Planning, Head of Engineering, Legal, and the CEO of Entrade are the founding team of Zero Carbon, we believe that this background is a vital piece of information. As Entrade Energiesysteme AG, the Team has installed over 200 power systems in 11 countries and has won numerous awards. IP differentiates the development of Entrade, but it is the foundation of Zero Carbon Technology. Entrade and its companies have raised over 150 Mil. USD in Venture Funding, last at 250 Mil. USD valuation.

In a nutshell, Entrade is the technology predecessor to Zero Carbon. However, beyond the personal history of the core team, there is no legal connection between these companies.

Julien Uhlig, the founder of Zero Carbon, also owns EX Venture Inc., a Company that offers management, consulting, and marketing services to three related companies: 1. EX Zero Carbon Inc., 2. UV-Info Inc., and 3) Gemini One Inc. EX Venture is compensated by these companies for managerial, consulting, and marketing services. Ex Venture will also be compensated in case of a successful sale of these companies. EX Venture also holds a buyout option for 100% of the shares of each company.

EX Venture Inc. does not hold any equity in these related companies. This has been designed in accordance with limitations of investment companies under the Crowdfunding Act as provided in a legal statement from the founder's securities lawyer, Mario Naum, presented to WeFunder on October 19, 2021. The legality of EX Venture's corporate structure and related companies was vetted and validated by Wefunder in 2021.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don't have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments.

from Investors.

### Runway & Short/Mid Term Expenses

EX ZERO CARBON, INC. cash in hand is $26,000, as of February 2023. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $5,000/month, for an average burn rate of 55,000 per month. Our intent is to be profitable in 12 months.

Since the date our financials cover, the company has opened a line of credit of $250,000 for ongoing operations. Research and Development as well as a Signature Pilot project have begun in Paris, France managed by MFC GmbH in Germany which is Providing the Global Exclusive License for EX Zero Carbon Inc.

We are not expecting revenue in the next 3-6 months. After completion of our flagship project in Paris we expect down payments for future projects in Q3 2023. We need $35,000 for basic ongoing operations to reach that point.

We expect profitability by year-end 2023 as the companies overhead is very low, and the company currently does not have large ongoing payment obligations. We expect profitability by year-end with the down-payments of any next phase projects.

EX Zero Carbon Inc. is the License holder of the German Company MFC GmbH, which is covering the cost of project development through mainly government grants provided in Germany as well as a paid flagship project in Paris. Short term funding needs will be covered by founders as well as EX Venture Inc.

All projections in the above narrative are forward-looking and not guaranteed.

INSTRUCTIONS TO QUESTION 20: The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial information and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether historical results and cash flows are representative of what investors should expect in the future. This also includes the proceeds of the offering and any other bonus or pending sources of capital. This can have the proceeds from the offering will affect liquidity, whether receiving those funds and any other additional funds in any country to the viability of the business, and how quickly the issues and options using its available cash. Describe the other available sources of capital as the business, such as lines of credit or required contributions to shareholders. References to the issuer in this Question 20 and these instructions refer to the issuer and its predecessors. Entry

## FINANCIAL INFORMATION

20. Include financial statements covering the two most recently completed fiscal years or the period(s) since inception, if shorter.

Refer to Appendix C, Financial Statements

1. Julien Uhlig, certify that:

- (1) the financial statements of EX ZERO CARBON, INC. included in this Form are true and complete in all material respects; and
- (2) the financial information of EX ZERO CARBON, INC. included in this Form reflects accurately the information reported on the tax return for EX ZERO CARBON, INC. filed for the most recently completed fiscal year.

Julien Uhlig
CEO

## OTHER MATERIAL INFORMATION

21. In addition to the information expressly required to be included in this Form, include:

- (1) any other material information presented to investors; and
- (2) such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

The Lead Investor. As described above, each Investor that has entered into the Investor Agreement will grant a power of attorney to make voting decisions on behalf of that investor to the Lead Investor (the "Proxy"). The Proxy is irrevocable unless and until a Successor Lead Investor takes the place of the Lead Investor, in which case, the Investor has a five (5) calendar day period to revoke the Proxy. Pursuant to the Proxy, the Lead Investor or his or her successor will make voting decisions and take any other actions in connection with the voting on Investors' behalf.

The Lead Investor is an experienced investor that is chosen to act in the role of Lead Investor on behalf of Investors that have a Proxy in effect. The Lead Investor will be chosen by the Company and approved by Wefunder Inc. and the identity of the initial Lead Investor will be disclosed to Investors before Investors make a final investment decision to purchase the securities related to the Company.

The Lead Investor can quit at any time or can be removed by Wefunder Inc. for cause or pursuant to a vote of Investors as detailed in the Lead Investor Agreement. In the event the Lead Investor quits or is removed, the Company will choose a Successor Lead Investor who must be approved by Wefunder Inc. The identity of the Successor Lead Investor will be disclosed to Investors, and those that have a Proxy in effect can choose to either leave such Proxy in place or revoke such Proxy during a 5-day period beginning with notice of the replacement of the Lead Investor.

The Lead Investor will not receive any compensation for his or her services to the SPV. The Lead Investor may receive compensation if, in the future, Wefunder Advisors LLC forms a fund ("Fund") for accredited investors for the purpose of

Investing in a non-regulation Crowdfunding offering of the Company. In such a circumstance, the Lead Investor may act as a portfolio manager for that Fund (and as a supervised person of Wefunder Advisors) and may be compensated through that role.

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of investors. It is, however, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of investors, as discussed in section 8 above.

Investors that wish to purchase securities related to the Company through Wefunder Portal must agree to give the Proxy described above to the Lead Investor, provided that if the Lead Investor is replaced, the Investor will have a 5-day period during which he or she may revoke the Proxy. If the Proxy is not revoked during this 5-day period, it will remain in effect.

Tax Filings. In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

INSTRUCTIONS TO QUESTION 30: If information is presented to investors in a format, media or other means not able to be reflected in text or portable document format, the issuer should include:

- (a) a description of the material content of each information;
- (b) a description of the format in which each disclosure is presented; and
- (c) in the case of disclosure in video, audio or other dynamic media or format, a manuscript or description of each disclosure.

## ONGOING REPORTING

32. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its website, no later than:

120 days after the end of each fiscal year covered by the report.

33. Once posted, the annual report may be found on the issuer's website at:
https://www.zero-x.co/invest

The issuer must continue to comply with the ongoing reporting requirements until:

1. the issuer is required to file reports under Exchange Act Sections 13(a) or 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 4(a)(6), including any payment in full of debt securities or any complete redemption of redeemable securities, or the issuer liquidates or dissolves in accordance with state law.

## APPENDICES

Appendix A: Business Description & Plan

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Julien Uhlig

Julien Uhlig

Appendix E: Supporting Documents

Add new Form C attachment (admin only)

## Signatures

Intentional misstatements or omissions of facts constitute federal criminal violations. See 29 U.S.C. 1001.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

# Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird

Early Bird Cooley Go Convertible Note

SPV Subscription Agreement

Cooley Go Convertible Note

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Julien Uhlig

Julien Uhlig

Appendix E: Supporting Documents

*Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Annual Report and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.*

EX ZERO CARBON, INC.

By

*Julien Uhlig*

CEO at ZERO CARBON INC.

*Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), this Annual Report and Transfer Agent Agreement has been signed by the following persons in the capacities and on the dates indicated.*

**Attachment 2:** `document_2.pdf`

INVEST IN ZERO CARBON INC.

# Forbes and CNN Featured! Gov't Funded Breakthrough Fuel-Cell Technology- Waste to Energy

PITCH VIDEO INVESTOR PANEL

![img-0.jpeg](img-0.jpeg)

zero-x.co Fort Lauderdale FL

Technology Energy Clean Tech Social Impact Engineering

LEAD INVESTOR

Lorraynne Pereira Ribeiro

Zero Carbon Technology is truly revolutionary! We need this technology in the market now. As an Investor and Engineer I truly believe that this team and company has a great future ahead. Providing a solution to multiple problems, from powering micro-grids in rural communities to converting sewage sludge into biochar, i support ventures that will have a global positive impact. My goal is to support the team to build a word class company that grows internationally and creates outstanding returns for the investors as well.

Invested $2,000 this round

# Highlights

1 German government-funded, multi-patent pending, university validated technology
2 Multi-billion global market opportunity in decentralized waste treatment technology
2 Multi-billion global market opportunity in decentralized waste treatment
3 Team Featured on CNN, Mashable, Fast Company, Inc.com
4 Super Efficient and most cost-effective Waste-Hydrogen Solution
5 Effectively converts Ocean-Waste into Clean Energy right where it is needed!

# Our Team

![img-1.jpeg](img-1.jpeg)

**Julien Uhlig** CEO at ZERO CARBON INC.

Recognized as one of the leading cleantech entrepreneurs and advisors Julien and his team have been pushing the limits of small scale low emission waste conversion for over a decade.

There are so many non-utilized waste streams depleting this planet's finite resources. In the last decade, we have spent the problems have only gotten worse. Now entire countries, as well as the ocean, are covered in mixed waste which is almost impossible to recycle. There are no cost-effective solutions available.

Last decade, we have spent the problems have only gotten worse. Now entire countries, as well as the ocean, are covered in mixed waste which is almost impossible to recycle. There are no cost-effective solutions available.

![img-2.jpeg](img-2.jpeg)

**Michael Hofmeister** Chief Technical Officer at ZERO CARBON INC.

Micheal started his professional engineering career at venture-funded agnion energy Inc.. His Team was awarded 'Best Of German Engineering 2015' by the German Ministry of Economics. 25 Patent Applications- the leading specialist in this field.

![img-3.jpeg](img-3.jpeg)

**Oliver Barker** Financial Analyst at ZERO CARBON INC.

![img-4.jpeg](img-4.jpeg)

**Felix Schmidt**

**BREAKTHROUGH TECHNOLOGY LIVE-  
SHATTERING THE EFFICIENCY RECORD IN  
WASTE2ENERGY CONVERSION!**

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

Zero X, a Florida-based company is working tirelessly to be impactful in the fight against global warming and environmental protection, the most pressing issues of our time. With German government funding and university validated technology, Zero X is bringing the smallest, ultra-low emission waste to the hydrogen energy converter to global Markets! By developing a revolutionary solution that transforms ocean waste and sewage sludge into clean energy combining impact with profitability.

Zero X was named one of Germany's Three Leading Green Hydrogen Companies by Berliner Zeitung! Fuel Cell-Technology is used in every space Mission- now we are using this super-efficient and quiet technology to convert waste into clean energy, even on a household level.

What makes Our Technology Better?

This Space Technology developed by Germany Leading Research Institution (Fraunhofer Institute IKTS) is twice as efficient as a combustion engine and ten times more efficient than a small steam turbine. This scalable system is easily mass-produced, cost-effective, and easy to operate. ZeroX Technology offers unparalleled fuel flexibility from biowaste and ocean plastic to sewage sludge. We want to build a billion-dollar company that combines impact with profitability. We have the solution to end the global waste pandemic, a system that can be used on a municipal level as well as the smallest Island. We are ready for the Challenge!

NOW FEATURED IN FORBES FRANCE- Great Summary of Our Work!

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

Direct Link to Forbes France

![img-9.jpeg](img-9.jpeg)

#### WHY YOU SHOULD INVEST:

Everything about Zero X is unique! we have been pushing the technical limits of waste to energy solutions for 17 years. The growth potential is endless, we are breaking into a trillion-dollar market with our moonshot technology.

Zero X is growing and will continue to grow exponentially while solving the waste pandemic at the same time.

This is the second and last time Zero X is open to non-institutional investors.

So why invest?

Reason #1 - We are breaking into the trillion-dollar market

Reason #2 - We are solving the waste pandemic

Reason #3 - We have 17 years of experience and a proven track record.

# WE ARE THE FUTURE

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon Waste2Energy Converter. Revenue Numbers for MFC are at 385.000 USD in 2021 with 1.700.000 EUR in Government Grants Approved.

# PROFITABLE THROUGH GOVERNMENT PROJECTS

*The above slide contains forward-looking projections that are not guaranteed.

# WASTE AT KUTA BEACH DURING THE RAINY SEASON 2021

![img-10.jpeg](img-10.jpeg)

The management team has a proven track record of building technology startups in the same industry based on much weaker technology valued at 250 Mil. USD. Imagine what the potential reach is with this revolutionary technology we are working on.

The market is truly global, and we believe we can scale a company comparably fast. The technology development risk has been drastically reduced, and government funding funds the future R&D for years to come.

We will benefit from the growing need for carbon-negative energy to power everything from Industry to E Mobility. Because we are the only ones who can do what we do.

With the results of the tests, we are able to provide evidence that with the X5 the gasification of straw pellets for syngas generation is possible. During the operation, there was no system failure due to slagging of the Reactor

FROM THE MOST RECENT TECHNICAL REPORT BY THE TECHNICAL UNIVERSITY IN ZITTAU

## ZERO CARBON ON CNN BUSINESS BEFORE GOING INTO STEALTH MODE

![img-11.jpeg](img-11.jpeg)

# TRUE IMPACT TECHNOLOGY

There are multiple benefits Zero Carbon System

- X5 can treat ocean waste right where it is found, even in small amounts!
- X5 is a Carbon Negative Solution reducing Green House Gas Emissions.
- X5 Replaces Electricity from Diesel in Rural Applications
- X5 brings Value to waste that otherwise would end in landfills.
- X5- Creates jobs for local communities.
- X5 can power up in Minutes, so it's great to Balance Solar and Wind Energy.
- X5 Small enough to Treat Waste Anywhere, so it does not end up in the Ocean

# CURRENT MARKET:

ZERO CARBON develops mobile, low-emission systems that use high temperatures to convert waste to energy through an innovative Solide Odixe Fuel Cell. The patent-pending technology development has received over EUR 5 million from the German Government Funding (Funding has been received by Germanies MFC Multifuel Conversion GmbH and its partners, Zero Carbon holds an exclusive global license for the developed technology.)

Germany's Technical University has validated it in Zittau as part of a Ministry of Economics-funded test program. The technology opens a 400 BIL. USD global waste/biomass and sewage sludge treatment market have been ready for disruption. The system state-of-the-art fuel cell technology for energy generation; we believe the system has the smallest footprint yet bears over 50% of electric efficiency, twice as high as a combustion engine and ten times higher than a small-scale steam turbine.

GLOBAL WASTE TO ENERGY MARKET USD 55 billion by 2027 ResearchAndMarkets

BIOMASS ENERGY REVENUE FORECAST USD 98 billion
BY 2027 GRANDVIEW RESEARCH

WASTEWATER TREATMENT FORECAST USD 240 billion
by 2027 meticulous research

ZERO CARBON WORKING ON WASTE TO ENERGY IN
INDIA WITH TATA POWER

![img-12.jpeg](img-12.jpeg)

THE TECHNOLOGY:

The EX team has been developing a high-temperature gasification system for
over 15 years. The proprietary system has been designed from the beginning to be
remotely managed, easily operated, and optimized for large-scale production
numbers. The team's first breakthrough occurred in 2015 when the team was
honored to have built the E3 power system using high-quality wood pellets. The
German Ministry of Economics awarded the system a "Best of German
Technology" at the Hannover Trade Fair. The team delivered over 200 power
systems for wood pellets to eleven countries.

Early Development of the Technology Expertise was gathered during the team's
extensive time at agnion energy Inc. and Entrade Energiesysteme AG. Both
companies are not part of or associated with EX Zero Carbon Inc.

OUR BRILLIANT HEADS OF ENGINEERING AT THE LAB
IN ZITTAU, GERMANY

![img-13.jpeg](img-13.jpeg)

The German MFC GmbH provides an exclusive irrevocable license to Zero Carbon Inc., founded by the former management team of Arensis Inc. and

Entrade AG. Both companies will push the limits of technology even further. Their goal was to convert real-world waste streams, which would require multiple technical breakthroughs. The machines are movable to adapt to rural areas. A new patent filing has been made for various components, making it possible to effectively remove minerals that tend to meld and agglomerate within the gasification process that involves a high temperature. Further developments were needed in the burner as well as dryer development. We are building a skill set that is customizable based on the waste streams provided. Zero Carbon is also working with Kraftwerk Group and the renowned Fraunhofer Institute IKTS on innovative SOFC Technology for power generation.

# THE CURRENT X5 DESIGN IS THE SIZE OF A REFRIGERATOR BUT CONVERTS 5KG OF DRY WASTE PER HOUR INTO CLEAN ENERGY AND BIOCHAR

![img-14.jpeg](img-14.jpeg)

# THE SYSTEMS ARE REMOTE CONTROLLED AND CAN THEREFORE BE SAFELY OPERATED FROM ANYWHERE IN THE WORLD

![img-15.jpeg](img-15.jpeg)

![img-0.jpeg](img-0.jpeg)

# BEYOND CARBON NEUTRAL- CARBON NEGATIVE IS THE FUTURE

The Zero Carbon System has a massive advantage over combustion as it is classified as Carbon Negative. Therefore it is eligible for Carbon Credits. The issues with any organic waste stream are that landfilling releases massive amounts of Methane which, as GHG Greenhouse emissions Gas is 25x worse than CO2. It is beneficial to use combustion to re-emit the stored CO2 instead of Methane. Our systems go one step further by producing biochar as the only waste stream from the system. Because the Zero Carbon process does not have enough oxygen for complete combustion, the ash is solid black and very rich in Carbon which is now in a chemically stable form to be used as a fertilizer in the ground generations to come while replacing chemical fertilizers. It's is more than a Win-Win!

# THE OPPORTUNITY:

ZERO CARBON offers a rare technology breakthrough that has market opportunities on a global level. The technology converts carbon-based waste streams into a clean, natural gas replacement. We believe it will solve few environmental issues, for instance, landfill reduction in the Western world, regulation of organic and inorganic waste, elimination of ocean plastic, and sewage sludge management.

The technology licensed by Zero Carbon has been funded since 2018 by private investors, as well as multiple government programs. Current Funding includes over 5 Mil. USD from the German Government supporting the ongoing development. This offering is the first opportunity for investors to buy into this promising company at a steep capital.

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies

MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon Waste2Energy Converter.

## THE TEAM AT UDAYANA UNIVERSITY INDONESIA 2021

![img-1.jpeg](img-1.jpeg)

### BUSINESS MODEL

ZERO CARBON is implementing a long-term service model. The technology is high-tech, to begin with, and projects often cost Millions of USD. Many customers are happy to accept savings on waste treatment or electricity supply and are more than happy for Zero Carbon to manage the operation. The prices for waste treatment are different worldwide; such are electricity prices; therefore, we are looking for high margin markets where we can generate maximum impact and a fast return on investment at the same time.

- One prime area is the Islands that generally struggle to find use for their waste streams, so existing projects are being finalized in the Dominican Republic and Puerto Rico to convert sorted municipal waste and biomass.

- There currently is a great demand in airports, hotels, and industrial fabrications, as all of these use cases have onsite power demand.

- Food waste and Agricultural waste is a global problem, as crop burning cause

roughly 40% of the air pollution in India, for example.

- New Laws in Europe and maybe in the US soon ban the public disposal of smelly sewage sludge and feces from Animal Production. EX Zero offers an innovative, scalable solution.

- The long-term vision is to stop driving waste around at all. Let communities treat their waste and produce power when solar is not available-the best of both worlds.

## SUCCESSFULLY TESTED TECHNOLOGY FOR TATA POWER IN INDIA

![img-2.jpeg](img-2.jpeg)

### THE OFFER:

Zero Carbon is looking to raise 1.07 Mil. USD on a convertible note basis for working capital to introduce the groundbreaking technology to global. Since the German Government covers most research and development costs for the following years, these funds can be used to grow a portfolio and start selling products and services while executing on existing LOI. We are looking forward to working with you to solve the global waste pandemic.

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon Waste2Energy Converter.

# WITH LOS ANGELES MAYOR ERIC GARCETTI ON TOUR IN ASIA

![img-3.jpeg](img-3.jpeg)

## GOVERNMENT SUPPORT

When MFC was founded in 2018, the decision was clear not to raise capital until the new generation X5 and X50 are tested by a third party.

Fortunately, the team's technical excellence has long been recognized by the German Ministry of Economics. Together with our partners, we have been awarded eight research and market entry grants which we do not have to pay back. While most companies are heavily in debt when they finally reach the market, we can fund 95% of our needs through research funds. Currently, Zero Carbon is a partner in three government-funded Cluster Projects. Every single one had to be approved based on its technical challenges as well as economic potential. We feel honored to have reached this level of support.

The German Government Supports the Market Entry in the United Kingdom to treat food waste, the USA for the Development of the Integrated Waste2Fuel Cell Technology, and Malaysia to convert Sewage Sludge to Biochar. Currently, Zero CArbon has secured about 5 Mil. USD in Government Funding.

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon

Waste2Energy Converter.

## CAPITAL MARKET INTEREST WITH NASDAQ PRIVATE MARKET

![img-4.jpeg](img-4.jpeg)

### OUR HISTORY:

Like every great story- Zero Carbon has three chapters with a happy ending. Our core team of change-makers has dedicated 15 years of their lives to bring clean energy to the people who need it most. In rural areas in Africa in South East Asia and South America. Clean Energy from Waste on a micro level! From rural communities to Industries, Airports, Hotels. We are making a genuine contribution to a more sustainable future.

In 2008 Julien Uhlig working at the University of Aachen, Germany (RWTH), managing one of the most significant research clusters in thermochemical engineering in Germany. The project was later awarded the best German Technology Cluster and Featured at Hannover Trade Fair as Best of Germany by then-President Barak Obama and German Chancellor Angela Merkel.

## POLITICAL SUPPORT WITH CALIFORNIA GOVERNOR, GAVIN NEWSOM

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

The goal and is to build low-cost but highly effective systems that can convert waste streams into energy anywhere in the world. The idea was developed during work for the German Development Agency in Ethiopia, where power was not available to rural communities. Still, the waste was piling up at the same time. Thermochemical Conversion converts solid carbons into a clean gas that can be used just like natural gas. You can think of it as making your natural gas. That gas can then be converted into electricity via a next-generation Solid Oxide Fuel Cell. The significant technical upside is that even tiny systems can have very high efficiency. This is not the case with combustion and a turbine. A 5kW steam turbine for residential application might have a 4-5% efficiency. A fuel cell can reach 50-55%, which means we generate 10x more electrical energy from the same fuel. That is huge!

# BEST OF GERMAN TECHNOLOGY 2015 AT HANNOVER TRADE FAIR

![img-7.jpeg](img-7.jpeg)

![img-8.jpeg](img-8.jpeg)

In 2009 Julien raised funds for Entrade AG, the German License Holder of the Technology, which would become the largest small-scale biowaste reactor manufacturer globally, building over 2010 machines in 8 countries in 2017-2018. The first technical breakthrough came in 2015. The Team of Michael Hofmeister (CTO) demonstrated at the Ministry of Economics in Berlin that a complete container-based power system converts wood pellets into clean energy taking only 2 hours to install.

EX Zero Carbon Inc. is not associated with Entrade Energiesysteme AG or any of the Group companies.

## BUILDING MODULAR POWER SYSTEMS FOR MASS-MANUFACTURING

![img-9.jpeg](img-9.jpeg)

Michael Hofmeister and his Team joined ENTRADE as part of a management buyout of agnion technologies Inc. Kleiner Perkins Caufield Byers funded Wellington Partners, Triple Point Capital, Munich Venture Partners, the US Based Waste Management Inc. The company was bought, restructured, and integrated into the group. The investors had previously invested almost 60 Mil. USD into the Technology Development.

ARENSIS WINNER OF 'FIGHT FOR YOUR DREAM' (CHINA VERSION OF SHARK TANK)

![img-10.jpeg](img-10.jpeg)

In 2017 arensis corp. It was founded as a private equity fund to finance systems and operate them under Uk Government Programs. in 2017-2018, the group installed 200 systems in the UK and over 250 Mil. USD in RHI Funding (Government Subsidy) was secured.

2017 BEST EUROPEAN SCALE-UP AT MTB IN MOUNTAIN VIEW, CA

![img-11.jpeg](img-11.jpeg)

![img-12.jpeg](img-12.jpeg)

In the Year 2018, the Team raised raising 20 Mil. USD to re-finance 20% of the UK Operations from a UK Listed Hedge Fund. The company was named "Most Innovative Company 2018" by Fast Company and featured on CNN Business and a Global Marketing Campaign Schneider Electric. In November of 2018, two lead investors decided to remove Julien Uhlig as CEO of the company and restructure all assets into a new company called ENTRENCO without consideration for any other investor.

In response, the entire active board of the parent company arensis Inc. company resigned.

With the help from Private Investors and Bridgepoint Capital, the German Company MFC was founded to bring the next generation technology to market working on municipal waste instead of wood pellets. The Founding team of Zero Carbon included the form. CEO, CTO, CLO, the Head of R&D, and the Director of Innovation from ENTRADE.

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon Waste2Energy Converter. EX Zero Carbon Inc. is not associated with Entrade Energiesysteme AG, Entrenco GmbH, and or arensis Inc.

# POWER RELIEF IN FAJARDO, PUERTO RICO AFTER HURRICANE MARIA

![img-13.jpeg](img-13.jpeg)

Between 2019-2021 MFC GmbH Germany was awarded eight government grants; five are still ongoing, raising over 5 Mil. USD in R&D Funding through technical Excellence. The X5 was then developed in 2019 and tested from there on at the Technical University in Zittau, Germany, and TATA power in New Dehli, India. The tests were recently successfully concluded, and the final documents clearly state that the machine passed all 30 Lab tests: a breakthrough and the beginning of a hopefully more sustainable future.

Currently, Bali installed systems at Udayana University to develop the Indonesian market and Japan, the Dominican Republic, Germany, and India. With a Solution ready to go, zero-carbon will grow the back office and the sales team and start a global expansion that we believe can turn the company into a Billion-Dollar Venture (not guaranteed)

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. It holds a global irrevocable exclusive License from Germanies MFC Multifuel Conversion GmbH. German Government Funds are secured by MFC and partners in order to develop different aspects of the Zero Carbon Waste2Energy Converter.

## A GLOBAL GROWTH OPPORTUNITY- OPENING IN JAPAN

![img-14.jpeg](img-14.jpeg)

![img-0.jpeg](img-0.jpeg)

## Why is the Technology so Great?

The NFL or Champions league of conversion is the usage of a fuel cell. A direct chemical process without the moving parts and oil changes of a combustion engine. Every space station mission has been powered by a fuel cell as combustion engines are non-practical in space.

A next-generation solid oxide fuel cell can convert gas into electric energy at an efficiency of over 50% percent and without noise-a massive benefit in urban applications.

So why is Technology so amazing? The Zero Carbon Fuel Cell System runs many fuel blends, including plastics and other packaging. We are talking real-world waste streams that change every day. The system has been designed to run on straw and husk because it is the worse fuel we could find. There are so many minerals in straw that other reactors (including our previous ones) collabs in under 2 min. It produces high-quality low tar gas even from low-quality waste streams such as sewage sludge.

The Zero Carbon System is the only system that can effectively remove molten minerals during the process. The high reaction temperature of over 2000 Degrees Fahrenheit is hot enough to break most harmful chemical compounds, reducing emissions overall even in small systems. Zero Carbon has developed a proprietary hot gas filter, so the gas does not need to be cooled down before converting gas into a proprietary burner or fuel cell.

All of this magic happens inside a single-stage reactor with a tiny footprint in a cost-effective machine that can be installed anywhere in the world and is remotely operated.

## Now, how cool is this?

- X5- is 10x more efficient than a small scale Steam Turbine
- X5- is 2x more efficient than a small scale Generator Set
- X5- Systems are Super Quiet
- X5- Systems are easily portable
- x5- Systems are more cost-effective than landfills
- X5- Works with a Large Bandwith of Fuels and Fuel Combinations
- X5- Systems are entirely remotely operated
- X5- Systems have super Low Emissions
- X5- Systems are Externally Lab Validate by a Leading German University

## BACKGROUND ON ENERGY GENERATION

It all starts with the Sun! Sunlight and the carried energy are the only resources added to the planet's daily gravitation wind resources. Therefore, waves are the singular other constant forms of energy that can be converted into electrical energy. There is energy in every breeze, atom, and so on, but not in a form that lets you power your car or TV.

So let's focus on the sunlight; it can be converted into electrical current via photovoltaic systems, used as a heat source for concentrated solar, or combined with CO2 via photosynthesis into some biomass. If you keep that biomass long enough, it will turn into gas or liquid, or oil. Which then we call fossil fuel simply for the fact that it took a long time for the biomass to fossilize. Trees, oil, Plastics, Gas, and Coal are ultimately is all stored in sunlight. Biomass is nature's energy storage system.

If all of this is energy, why are we calling it waste? Is waste something nobody has a usage for? What are we paying in some countries up to 1000 USD per tonne for someone to pick up my resources? The answer is, unfortunately, pretty simple. Treating Garbage is not easy.

You have a lot of water that does not burn, and many mixed-in packaging materials make it uninteresting to compost your leftovers. So what happens if you try to burn your waste, you will not reach sufficient temperatures and create a massive particle, smoke pollution that is highly cancerogenic. If you add additional energy in gas or oil, you might reach bearable emission levels but at what cost?

Today over 80% of the world's electrical energy is generated by some steam turbine process, whether you are burning coal, going nuclear, or burning waste. The process has not changed since the first steam-powered trains etc.; only the design has gotten more efficient. A large-scale Waste or Coal Power Plant reaches an efficiency of over 30% on the overall system and is a secure baseload power provider if maintained well. The only downside is that if the temperature and pressure are not sufficient, the efficiency drops exponentially they need a long time to reach temperature and cool down; we are talking days to a week. That makes them a terrible solution to balance solar and wind power. The most exciting limitation is that steam turbine efficiency correlates with the size, pressure, and temperature delta. The Carnot Efficiency defines the boundaries.

In a nutshell, the smaller the turbine, the less efficient the system becomes because you cannot raise the pressure past a certain point; otherwise, you sit on a bomb. So there we have it! The process we use to generate power for solid Carbon has to be big. And we are talking at least 5000kg per our big, that means an entire infrastructure providing fuel around the clock. Some systems are as big as 1.500.000 kg per hour. This is, for many places in the world, simply not realistic.

So what are other options? Carbon can be converted into fuel for engines, for example, liquid or gaseous fuels, the same way gasoline is used in a car. Because the are billions of combustion engines globally, every car and every truck and Diesel Generator has one; it is a cost-effective mass-produced commodity. The unique benefit is that even a small engine with a synthesis gas with much lower energy (calorific value) can have an efficiency of 23% on a small scale and up to 40% on a larger scale. That is already a huge step forward.

THE TEAM

Julien Uhlig, CEO

Please note: EX Zero Carbon Inc. is a new company without previous revenue and or liabilities. Mentions of Julien Uhlig in the media are for marketing purposes only.

# FEATURED FINALIST E&Y ENTREPRENEUR OF THE YEAR 2018

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

## FEATURED ON BUSINESS ROCKSTARS

![img-3.jpeg](img-3.jpeg)

## FEATURED ON NASDAQ PRIVATE MARKET

![img-4.jpeg](img-4.jpeg)

## FEATURED ON CHINESE SHARK TANK

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

## GLOBAL IMPACT MARKETING CAMPAIGN WITH SCHNEIDER ELECTRIC

![img-7.jpeg](img-7.jpeg)

## JULIEN UHLIG ON AL JAZEERA

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

## JULIEN UHLIG FOR NASDAQ PRIVATE MARKET

![img-10.jpeg](img-10.jpeg)

**Attachment 3:** `document_3.pdf`

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# ZERO CARBON INC.

*2021 Report*

*Dear investors,*

We're still thinking about what to say.

*Sincerely,*

*Julien Uhlig*

CEO at ZERO CARBON INC.

## Our Mission

We are striving to reach 250 Mil. USD valuation within the next five years. Building an asset pool of our operational machines generating energy and reducing waste for our corporate partners. We work very closely with partners such as Schneider Electric to bring this technology to markets as fast as possible. Most of the needed development budget has been approved by the German Government, derisking the growth of the company going from validation to markets. These projections are not guaranteed.

See our full profile

**How did we do this year?**

*Report Card*

The Good

The Bad

# 2021 At a Glance

January 22 to December 31

$0
Revenue

$0
Net Profit

$0
Short Term Debt

$525,675
Based in 2021

$0
Cash on Hand

# We ♥ Our
518 Investors

# Thank You For Believing In Us

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| Deborah Henson | Glenn Payne | Alfred H. H. H. | Caroline R. R. | Ananda Ryan | Dick L. L. | Adam M. R. R. |
| Neil Iwano | Sally Malang | Alex R. R. R. | Debra L. L. L. | Ray R. R. R. | Chris D. R. R. | Debra T. R. R. |
| Jake Venter | Laura Saunders | Keith S. R. R. | Debra L. L. L. | Ray R. R. R. | Alan A. F. R. | Adam S. R. R. |
| Melissa P. R. | Sharath Srinivasan | James R. R. R. | Keith R. R. R. | John R. R. R. | Douglas J. O. R. | David R. R. R. |
| Arthur Anderson | Martin K. R. | Barry K. R. R. | Jean-Marc R. R. R. | Ray R. R. R. | Lampore Per | John P. R. R. |
| De Burt | Valerie R. R. | Jamie L. R. R. | Jason Wilson | Stephen D. R. R. | Keith C. R. R. | Henry Lee |
| Alma A. R. | Carl Karen Green | Sarah H. R. R. | Anthony Wilson | Ray R. R. R. | Keith C. R. R. | John D. S. R. R. |
| Sandra M. R. R. | Heather A. R. R. | Rosanna M. R. R. | Sean Saad | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Debra T. R. R. | Alan A. F. R. | Sebastian Silva L. L. L. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Tim De Witt | Roberts H. R. | Anthony Wilson | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Deanna R. R. R. | Brenda M. R. R. | Brenda M. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Dany W. J. R. R. | Carla B. R. R. | William M. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Steven H. R. R. | Brady L. R. R. | David R. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| David J. Carver Jr. | Carla B. R. R. | Ryan Ray | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| David K. R. R. | Verne A. R. R. | Brady L. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Verne A. R. R. | Sarvin O. R. | Sebastian F. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Anthony Van Marke | Ray L. | Eric Williams | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Dea Rose | Charles R. R. R. | Arthur McCall | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Robert L. L. L. | Edward H. M. R. R. | Michael J. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Lu D. R. R. | Henry W. M. R. R. | Deborah P. R. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Ann D. R. R. | Tom Taylor | Michael J. R. R. | Matthew V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Larry Tom Bender | Ernie Peral | Rosetta Perry (Shary) | Andrew Collins | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Keith K. R. R. | James Smith, H. R. R. | Ray P. R. R. | Ryan G. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Carolyn A. R. R. | Kenneth S. R. R. | David Murray | Adam Ray V. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Martin Colwell Ltd. | Eliseas Tracy | Conquer King | Deo Alder-Serfa | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Julie Hart | Shaffar Chakravada | Jonathan K. R. R. | Dorothy H. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Jason T. R. R. | Paul Vanhanger | Gregg K. R. R. | Jadha Math. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Jayla V. R. R. | Richard E. V. R. R. | Ray P. R. R. | Jadha Math. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Virginia H. R. R. | John C. R. R. | Ray P. R. R. | Jadha Math. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Lynne Clark | Chuck Schaggs | Ignacio Garcia | Shah R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Henry Liu | John F. R. R. | Paul D. R. R. | Jadha Math. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Joe Saad | Jacob A. R. R. | Will Douglas | Chris E. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Vinny V. S. R. | Steven Kramer | David Ross | Kathleen A. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Vityy R. R. R. | Bob Jo | Charles C. R. R. | J. R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Matthew R. R. R. | Allison F. R. R. | Wesley L. R. R. | Alice C. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Franc Wyattamberger | William A. R. R. | Jacob A. R. R. | James R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Edward H. R. R. | Christopher S. R. R. | Edward H. R. R. | James R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Peter A. R. R. | Arlene W. R. R. | Chuck Smith | Michael D. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Michael H. R. R. | Diane Jackson | Chuck Smith | Michael D. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Richard C. R. R. | Marc Chatter | Chuck Smith | Chuck Smith | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Park David | Alexandra M. R. R. | Mike Martin | David R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Sirian L. R. R. | Ignacio Garcia | Larry Hawkins | Ray L. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Kelsey Brat | Mark L. BECERRA | Charles K. R. R. | Shane L. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Shirley P. R. R. | John B. R. R. | James R. R. R. | William C. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Jonathan R. R. R. | John B. R. R. | James R. R. R. | William C. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| David R. R. R. | John B. R. R. | James R. R. R. | William C. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Michael C. R. R. | Gregory H. G. R. | Thomas Y. R. R. | Edward A. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Jeffrey L. R. R. | Marvin M. R. R. | Mark W. R. R. | Harlan Lewis | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Robert L. R. R. | David Davis | Graham R. R. R. | Arthur McCall | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Ken Wright | Brady D. R. R. | Jayman M. R. R. | Chris Martin | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Robbie Y. R. R. | Elliott Roberts | James R. R. R. | Edward A. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Edward H. R. R. | Edward H. R. R. | Edward H. R. R. | Harlan Lewis | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Sharon K. R. R. | Sharon K. R. R. | Chuck Smith | Arthur McCall | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Christopher S. R. R. | Larry Tom Bender | Elizabeth B. R. R. | James R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Brad L. R. R. | Charles R. R. R. | Shirley P. R. R. | James R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |
| Brady A. R. R. | Brian Cohen | Cody R. R. R. | James R. R. R. | Ray R. R. R. | David R. R. R. | John D. S. R. R. |

# Thank You!

From the ZERO CARBON INC. Team

![img-0.jpeg](img-0.jpeg)

Julien Uhlig

CEO at ZERO CARBON INC.

![img-1.jpeg](img-1.jpeg)

Michael Hofmeister

Chief Technical Officer at ZERO CARBON INC.

# Details

The Board of Directors

| DIRECTOR | DOCUMENTATION | JOHNED |
| --- | --- | --- |
| Julien Uhlig | CEO @ EX Venture | 2021 |

Officers

| OFFICER | TITLE | JOHNED |
| --- | --- | --- |
| Julien Uhlig | President CEO Vice President Secretary | 2021 |

Voting Power ©

| HOLDER | SECURITIES HOLD | VOTING POWER |
| --- | --- | --- |
| MHR Holding PTE Ltd. | 25,000,000 Shares | 100.0% |

Past Equity Fundraises

| DATE | AMOUNT | SECURITY | EXEMPTION |
| --- | --- | --- | --- |
| 01/2021 | $250,000 |  | Section 4(a)(2) |
| 03/2021 | $220,675 |  | 4(a)(6) |
| 12/2021 | $55,000 |  | Section 4(a)(2) |
| 04/2022 | $135,000 |  | 4(a)(6) |

The use of proceeds is to fund general operations.

Outstanding Debts

| LOWER | ISSUED | AMOUNT | OUTSTANDING | INTEREST | MATURITY | CURRENT |
| --- | --- | --- | --- | --- | --- | --- |
| EX Venture Inc. © | 12/31/2021 | $55,000 | $55,000 | 1.0% | 01/11/2025 | Yes |

Related Party Transactions

The Company has entered into a licensing agreement with a related party, MFC MultitaskConversion GmbH (the German entity) to license the patents, know-how, software, copyrightable matter, and trademarks currently held by the related party to generate revenues.

Capital Structure

| CLASS OF SECURITY | SECURITIES (SEE AMOUNTS) AUTHORIZED | SECURITIES (SEE AMOUNTS) ENFORCEMENT | ACTUAL RIGHTS |
| --- | --- | --- | --- |
| Common | 25,000,000 | 25,000,000 | Yes |
|  | SECURITIES RESERVED FOR SEQUENCE UPON EXERCISE OR CONVERSION |  |  |
| Warrants: | 0 |  |  |
| Options: | 0 |  |  |

# Risks

COVID-19 can materially impact our business.

It is unclear how long the COVID-19 pandemic will last and to what degree it could hurt our ability to generate revenues.

Julien Uhlig is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.

Zero Carbon Inc. works on high-technology carbon conversion. While the unit has been extensively tested, risks remain in regards to long-term structural and material strains, where future generations might need optimizations. Design changes might be needed to reach long-term operational success.

While Zero Carbon has been doing extensive testing, the risk remains that certain fuel sources add to the emissions and certain markets might not allow the operations of the machinery under current regulation, limiting the market potential of the company.

The extensive know-how of the company is based on a small engineering team, the risk remains that this knowledge cannot be documented and transferred sufficiently to secure successful operations if one or more senior management members might leave the company, get insured, or die.

Zero Carbon operates in a cash-intensive environment, as such the risk remains that the company will not be able to generate sufficient capital to enter the desired markets and grow as fast as estimated.

Zero Carbon builds complex technical machinery which can cause risk to operators, customers, and neighbors alike. The risks remain from lawsuits, damages, and legal proceedings against the company stemming from system deployment and or operations.

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

# Description of Securities for Prior Reg CF Raise

Additional issuances of securities. Following the Investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the investor in the Company. The investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured. The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the investor's interest in the Company.

Issuer repurchases of securities. The Company may have authority to repurchase its securities from shareholders, which may serve to decrease any liquidity in the market for such securities, decrease the percentage interests held by other similarly situated investors to the investor, and create pressure on the investor to sell its securities to the Company concurrently.

A sale of the issuer or of assets of the issuer. As a minority owner of the Company, the investor will have limited or no ability to influence a potential sale of the Company or a substantial portion of its assets. Thus, the investor will rely upon the executive management of the Company and the Board of Directors of the Company to manage the Company so as to maximize value for shareholders. Accordingly, the success of the investor's investment in the Company will depend in large part upon the skill and expertise of the executive management of the Company and the Board of Directors of the Company. If the Board Of Directors of the Company authorizes a sale of all or a part of the Company, or a disposition of a substantial portion of the Company's assets, there can be no guarantee that the value received by the investor, together with the fair market estimate of the value remaining in the Company, will be equal to or exceed the value of the investor's initial investment in the Company.

Transactions with related parties. The investor should be aware that there will be occasions when the Company may encounter potential conflicts of interest in its operations. On any issue involving conflicts of interest, the executive management and Board of Directors of the Company will be guided by their good faith judgement as to the Company's best interests. The Company may engage in transactions with affiliates, subsidiaries or other related parties, which may be on terms which are not arm's-length, but will be in all cases consistent with the duties of the management of the Company to its shareholders. By acquiring an interest in the Company, the investor will be deemed to have acknowledged the existence of any such actual or potential conflicts of interest and to have waived any claim with respect to any liability arising from the existence of any such conflict of interest.

# Minority Ownership

An investor in the Company will likely hold a minority position in the Company, and thus be limited as to its ability to control or influence the governance and operations of the Company.

The marketability and value of the investor's interest in the Company will depend upon many factors outside the control of the investor. The Company will be managed by its officers and be governed in accordance with the strategic direction and decision-making of its Board Of Directors, and the investor will have no independent right to name or remove an officer or member of the Board Of Directors of the Company.

Following the investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the investor in the Company. The investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured.

The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the investor's interest in the Company.

# Exercise of Rights Held by Principal Shareholders

As holders of a minority in interest of voting rights in the Company, the shareholders

may make decisions with which the investor disagrees, or that negatively affect the value of the investor's securities in the Company, and the investor will have no recourse to change these decisions. The investor's interests may conflict with those of other investors, and there is no guarantee that the Company will develop in a way that is optimal for or advantageous to the investor. For example, the shareholders may change the terms of the articles of incorporation for the company, change the terms of securities issued by the Company, change the management of the Company, and even force out minority holders of securities. The shareholders may make changes that affect the tax treatment of the Company in ways that are unfavorable to you but favorable to them. They may also vote to engage in new offerings and/or to register certain of the Company's securities in a way that negatively affects the value of the securities the investor owns. Other holders of securities of the Company may also have access to more information than the investor, leaving the investor at a disadvantage with respect to any decisions regarding the securities he or she owns. The shareholders have the right to redeem their securities at any time. Shareholders could decide to force the Company to redeem their securities at a time that is not favorable to the investor and is damaging to the Company. Investors' exit may affect the value of the Company and/or its viability. In cases where the rights of holders of convertible debt, SAFES, or other outstanding options or warrants are exercised, or if new awards are granted under our equity compensation plans, an investor's interests in the Company may be diluted. This means that the pro-rata portion of the Company represented by the investor's securities will decrease, which could also diminish the investor's voting and/or economic rights. In addition, as discussed above, if a majority-in-interest of holders of securities with voting rights cause the Company to issue additional stock, an investor's interest will typically also be diluted.

## Restrictions on Transfer

The securities offered via Regulation Crowdfunding may not be transferred by any purchaser of such securities during the one year period beginning when the securities were issued, unless such securities are transferred:

- to the issuer;
- to an accredited investor(6);
- as part of an offering registered with the U.S. Securities and Exchange Commission; or
- to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

## Valuation Methodology for Prior Reg CF Raise

The offering price for the securities offered pursuant to this Form C has been determined arbitrarily by the Company, and does not necessarily bear any relationship to the Company's book value, assets, earnings or other generally accepted valuation criteria. In determining the offering price, the Company did not employ investment banking firms or other outside organizations to make an independent appraisal or evaluation. Accordingly, the offering price should not be considered to be indicative of the actual value of the securities offered hereby.

The initial amount invested in a Convertible Note is determined by the investor, and we do not guarantee that the Convertible Note will be converted into any particular number of shares. As discussed in Question 13, when we engage in an offering of equity involving Stock, investors may receive a number of shares of Preferred Stock calculated as either the conversion price equal to the lesser of (a) 70% of the price paid per share for Equity Securities by the Investors in the Qualified Financing or (c) the price equal to the quotient of the valuation cap of $25,000,000.00 (the "Valuation Cap") divided by the aggregate number of outstanding shares of the Company's stock as of immediately prior to the initial closing of the Qualified Financing (assuming full conversion or exercise of all convertible and exercisable securities then outstanding, but excluding the shares of equity securities of the Company issuable upon the conversion of the Notes or any other debt). Because there will likely be no public market for our securities prior to an initial public offering or similar liquidity event, the price of the Stock that investors will receive, and/or the total value of the Company's capitalization, will be determined by our board of directors. Among the factors we may consider in determining the price of Stock are prevailing market conditions, our financial information, market valuations of other companies that we believe to be comparable to us, estimates of our business potential, the present state of our development and other factors deemed relevant. In the future, we will perform valuations of our units that take into account, as applicable, factors such as the following:

- unrelated third party valuations;
- the price at which we sell other securities in light of the relative rights, preferences and privileges of those
- our results of operations, financial position and capital resources;
- current business conditions and projections;
- the marketability or lack thereof of the securities;
- the hiring of key personnel and the experience of our management;
- the introduction of new products;
- the risk inherent in the development and expansion of our products;
- our stage of development and material risks related to our business;
- the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the
- market conditions and the nature and history of our business;
- industry trends and competitive environment;
- trends in consumer spending, including consumer confidence;
- overall economic indicators, including gross domestic product, employment, inflation and interest rates; and
- the general economic outlook.

We will analyze factors such as those described above using a combination of financial and market-based methodologies to determine our business enterprise value. For example, we may use methodologies that assume that businesses operating in the same industry will share similar characteristics and that the Company's value will correlate to those characteristics, and/or methodologies that compare transactions in similar securities issued by us that were conducted in the market.

Company

EX ZERO CARBON, INC.
- Florida Corporation
- Organized January 2021
- 1 employees

1314 E Las Olas BLV #727
Fort Lauderdale FL 33301

https://www.exventure.co/

Business Description

Refer to the ZERO CARBON INC. profile.

EDGAR Filing

The Securities and Exchange Commission hosts the official version of this annual report on their EDGAR web site. It looks like it was built in 1989.

Compliance with Prior Annual Reports

ZERO CARBON INC. is current with all reporting requirements under Rule 202 of Regulation Crowdfunding.

All prior investor updates

You can refer to the company's updates page to view all updates to date. Updates are for investors only and will require you to log in to the Wefunder account used to make the investment.

**Attachment 4:** `document_4.pdf`

![img-0.jpeg](img-0.jpeg)

**Ex Zero Carbon, Inc.** (the “Company”) a Florida Corporation

Financial Statements and
Independent Auditor’s Report

Year ended December 31, 2021

![img-1.jpeg](img-1.jpeg)

## INDEPENDENT AUDITOR'S REPORT

Ex Zero Carbon, Inc.

We have audited the accompanying balance sheet of Ex Zero Carbon, Inc. as of December 31$^{st}$, 2021, and the related statements of income, stockholder’s equity, and cash flow for the year then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above, present fairly, in all material respects, the financial position of Ex Zero Carbon, Inc. as of December 31$^{st}$, 2021, and the results of its operations and its cash flows for the short year then ended in conformity with accounting principles generally accepted in the United States of America.

### Going Concern

As discussed in Note 8, certain conditions indicate that the Company may be unable to continue as a going concern. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs.

Vince Mongio, CPA, CIA, CFE, MACC

*Vincenzo Mongio*

# Statement of Financial Position

|  | As of December 31, 2021 |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Cash and Cash Equivalents | 997 |
| Due from Related Party | 4,317 |
| Total Current Assets | 5,315 |
| TOTAL ASSETS | 5,315 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accrued Interest | 3,601 |
| Total Current Liabilities | 3,601 |
| Convertible Debt, net of Issuance Costs of $14,300 | 206,375 |
| Total Long-Term Liabilities | 206,375 |
| TOTAL LIABILITIES | 209,976 |
| EQUITY |  |
| Accumulated Deficit | (204,661) |
| Total Equity | (204,661) |
| TOTAL LIABILITIES AND EQUITY | 5,315 |

# Statement of Operations

|  | Year Ended December 31, 2021 |
| --- | --- |
| Revenue | - |
| Cost of Revenue | - |
| Gross Profit | - |
| Operating Expenses |  |
| Advertising and Marketing - Related Party | 36,886 |
| Management Services - Related Party | 24,250 |
| General and Administrative | 21,174 |
| Research and Development - Related Party | 116,500 |
| Total Operating Expenses | 198,810 |
| Operating Income (loss) | (198,810) |
| Other Expense |  |
| Interest Expense | 5,852 |
| Other | - |
| Total Other Expense | 5,852 |
| Provision for Income Tax | - |
| Net Income (loss) | (204,661) |

### Statement of Cash Flows

|  | Year Ended December 31, 2021 |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income (Loss) | (204,661) |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Due from Related Party | (4,317) |
| Accrued Interest | 3,601 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | (716) |
| Net Cash provided by (used in) Operating Activities | (205,378) |
| FINANCING ACTIVITIES |  |
| Debt Issuances | 220,675 |
| Debt Issuance Costs | (14,300) |
| Net Cash provided by (used in) Financing Activities | 206,375 |
| Cash at the beginning of period | - |
| Net Cash increase (decrease) for period | 997 |
| Cash at end of period | 997 |

### Statement of Changes in Shareholder Equity

|  | Common Stock |  | APIC | Accumulated Deficit | Total Shareholder Equity |
| --- | --- | --- | --- | --- | --- |
|  | # of Shares Amount | $ Amount |  |  |  |
| Beginning Balance at 1/22/2021 (Inception) | - | - | - | - | - |
| Issuance of Common Stock | 25,000,000 | - | - | - | - |
| Additional Paid in Capital | - | - | - | - | - |
| Net Income (Loss) | - | - | - | (204,661) | (204,661) |
| Ending Balance 12/31/2021 | 25,000,000 | - | - | (204,661) | (204,661) |

# **Ex Zero Carbon, Inc.**  
**Notes to the Financial Statements**  
**December 31st, 2021**  
**SUSD**

# **NOTE 1 - ORGANIZATION AND NATURE OF ACTIVITIES**

Ex Zero Carbon, Inc (“the Company”) was formed in Florida on January 22$^{nd}$, 2021. The Company plans to earn revenue by the sales, licensing, and leasing of equipment from a related party that converts waste into clean electricity heating and cooling. The Company has entered into a licensing agreement with a related party to license the patents, know-how, software, copyrightable matter, trademarks currently held by the related party to generate revenues.

The Company will conduct a crowdfunding campaign under regulation CF in 2023 to raise operating capital.

# **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

# Basis of Presentation

Our financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Our fiscal year ends on December 31.

# Use of Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

# Cash and Cash Equivalents

Cash and cash equivalents include all cash balances, and highly liquid investments with maturities of three months or less when purchased.

# Fair Value of Financial Instruments

ASC 820 “*Fair Value Measurements and Disclosures*” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

- Level 1: defined as observable inputs such as quoted prices in active markets;

- Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

- Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

# Concentrations of Credit Risks

The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

## Revenue Recognition

The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “Revenue Recognition” following the five steps procedure:

- Step 1: Identify the contract(s) with customers
- Step 2: Identify the performance obligations in the contract
- Step 3: Determine the transaction price
- Step 4: Allocate the transaction price to performance obligations
- Step 5: Recognize revenue when or as performance obligations are satisfied

The Company will identify and analyze its performance obligations with respect to customer contracts once the first contract is signed.

## Advertising Costs

Advertising costs associated with marketing the Company’s products and services are generally expensed as costs are incurred.

## General and Administrative

General and administrative expenses consist of payroll and related expenses for employees and independent contractors involved in general corporate functions, including accounting, finance, tax, legal, business development, and other miscellaneous expenses.

## Equity Based Compensation

**The Company did not have an equity-based compensation plan as of December 31st, 2021.**

## Income Taxes

The Company is subject to corporate income and state income taxes in the state it does business. We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, we determine deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize deferred tax assets to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We record uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. The Company does not have any uncertain tax provisions. The Company’s primary tax jurisdictions are the United States and Florida. The Company’s primary deferred tax assets are its net operating loss (NOL) carryforwards which approximates its retained earnings on a gross basis. A deferred tax asset as a result of NOLs have not been recognized due to the uncertainty of future positive taxable income to utilize the NOL.

## Recent Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact on our financial statements.

## NOTE 3 - RELATED PARTY TRANSACTIONS

The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.

In 2021, the Company entered into a service agreement with Ex Ventures, Inc. (“Ventures”), an entity owned by Julien Uhlig, who is also the CEO of the Company whereby Ventures provided the Company with capital marketing and management services during its crowdfunding raise in exchange for a service fee of $48,500. This fee was split 50/50 amongst marketing and professional management services as seen on the Company’s Statement of Operations.

In 2021, the Company entered into a service agreement with Ex Zero Carbon Pte. Ltd. (“Carbon”), an entity owned by Lorrayne Ribeiro, an engineer for MFC Multi Fuel Conversion GmbH (“MFC”), whereby Carbon provided the Company with research and development services. In September 2021, the Company entered into a purchase order with MFC Multi Fuel Conversion GmbH (“MFC”) worth $250,000. As of December 31, 2021, Carbon has paid $112,000 of this total invoice for equipment on behalf of the Company.

MFC has been awarded over EUR 2.5M in German Government Funding directly or as part of research collaborations. MFC maintains its independence because foreign ownership drastically reduces funding opportunities. All developments are licensed directly or via MHR Holding Pte. Ltd. to EX Zero Carbon, Inc. (please see “Subsequent Events” note).

MHR Holding Pte. Ltd. (“MHR”) is a holding company registered in Singapore that is 72.5% owned by the engineer of MFC, and 23.5% owned by a lawyer providing professional services to the Company. In June 2021, the Company entered into a Share Distribution Agreement with MHR whereby the Company sold 25M shares of its Common Stock in exchange for $100 stock subscription receivable thereby making MHR the sole owner of the Company.

Please see “Subsequent Events” note regarding a loan from Ex Ventures, Inc.

## NOTE 4 - COMMITMENTS, CONTINGENCIES, COMPLIANCE WITH LAWS AND REGULATIONS

We are currently not involved with or know of any pending or threatening litigation against the Company or any of its officers. Further, the Company is currently complying with all relevant laws and regulations. The Company does not have any long-term commitments or guarantees.

## NOTE 5 - DEBT

Convertible Notes - The Company has entered into several convertible note agreements (the “Notes”) for the purposes of funding operations. The interest on these Notes was 6% and they incur a 7.5% issuance fee on the aggregate principal amount payable to the funding portal through which these Notes are raised. The principal amounts plus any accrued interest are to be repaid at the demand of the Holders of the majority of the outstanding principal prior to conversion with maturities ranging in 2023. In the event that the Company issues and sells shares of its equity securities (“Equity Securities”) to investors (the “Investors”) while these Notes remains outstanding in an equity financing with total proceeds to the Company of not less than $1,000,000 (excluding the conversion of the Notes or other convertible securities issued for capital raising purposes such as Simple Agreements for Future Equity) (a “Qualified Financing”), then the outstanding principal amounts of these Notes and any unpaid accrued interest shall automatically convert in whole without any further action by the Holders into Equity Securities sold in the Qualified Financing at a conversion price equal to the lesser of (i) the price paid per share for Equity Securities by the Investors in the Qualified Financing multiplied by 0.7, and (ii) the quotient resulting from dividing $10,000,000 by the number

of outstanding shares of Common Stock of the Company immediately prior to the Qualified Financing (assuming conversion of all securities convertible into Common Stock and exercise of all outstanding options and warrants, but excluding the shares of equity securities of the Company issuable upon the conversion of the Notes or other convertible securities issued for capital raising purposes such as Simple Agreements for Future Equity).

# *Debt  
Summary*

| Debt Instrument Name | Principal Amount | Interest Rate | Maturity Date | For the Year Ended December 2021 |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | Current Portion | Non-Current Portion | Total Indebtedness | Accrued Interest |
| Convertible Notes Payable | 220,675 | 6% | 2023 | - | 220,675 | 220,675 | 3,601 |
| Total |  |  |  | - | 220,675 | 220,675 | 3,601 |

# **Debt Principal Maturities 5  
Years Subsequent to 2021**

| Year | Amount |
| --- | --- |
| 2022 | - |
| 2023 | 220,675 |
| 2024 | - |
| 2025 | - |
| 2026 | - |
| Thereafter | - |

# **NOTE 6 - EQUITY**

The Company has authorized 250,000,000 shares of Common Stock with no par value per share. 25,000,000 shares were issued and outstanding as of December 31, 2021.

**Voting:** Common Shareholders are entitled to one vote per share.

# **NOTE 7 - SUBSEQUENT EVENTS**

The Company has evaluated events subsequent to December 31, 2021 to assess the need for potential recognition or disclosure in this report. Such events were evaluated through January 6, 2023, the date these financial statements were available to be issued.

In March and April 2022, the Company entered into multiple convertible promissory notes for a total of $135,000 for the purposes of funding its operations. This promissory notes mature in March and April 2024 and carry the same terms of repayment or conversion as those convertible notes disclosed above.

In September 2022, the Company entered into an Exclusive License Agreement with MFC Multi Fuel Conversion GmbH (“MFC”). MFC is active in the environmental industry for production of electric and thermal energy from combustion of renewable resources, particularly biomass, notably in the form of waste, and has developed extensive technical knowledge in this area, comprised inter alia in patent applications, utility models, know how/trade secrets including, but not limited to, basic and applied combustion technology. The Company desires to exclusively license from MFC the patents and know-how and software and other copyrightable matter and license the trademarks to enable the Company to exclusively market and license the underlying technologies to third parties, to exclusively prosecute & de-fend IP rights to these technologies, as well as to continue to develop the underlying technologies in any respect it deems fit.

In December 2022, the Company entered into an unsecured loan agreement with a related party (Ex Ventures, Inc.) for $55,000 with an interest rate of 1% that began to accrue on November 30, 2022. This loan has a maturity date in November 2025.

# NOTE 8 - GOING CONCERN

The accompanying balance sheet has been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The entity has not commenced principal operations and will likely realize losses prior to generating positive working capital for an unknown period of time. During the next twelve months, the Company intends to finance its operations with funds from a crowdfunding campaign and revenue producing activities. The Company’s ability to continue as a going concern in the next twelve months following the date the financial statements were available to be issued is dependent upon its ability to produce revenues and/or obtain financing sufficient to meet current and future obligations and deploy such to produce profitable operating results. Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs. No assurance can be given that the Company will be successful in these efforts. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities.

# NOTE 9 - RISKS AND UNCERTAINTIES

## *COVID-19*

The spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Global stock markets have also experienced great volatility and a significant weakening. Governments and central banks have responded with monetary and fiscal interventions to stabilize economic conditions. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses remains unclear currently. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the Company for future periods.

**Attachment 5:** `document_5.pdf`

![img-0.jpeg](img-0.jpeg)

**Julien Uhlig** 2nd

CEO- EX VENTURE and ZERO CARBON- Change-Maker, Speaker, Incredible Party-Host

New York, New York, United States - Contact info

500+ connections

EX Venture Inc.
New School University

Experience

**CEO- Chief Executive Officer**
EX Venture Inc. - Part-time
Sep 2018 - Present - 3 yrs 5 mos
Singapore

**Cleantech Capital Developer**
Ascada PTE Ltd. - Part-time
Mar 2020 - Sep 2021 - 1 yr 7 mos
Singapore

Bridging Innovation, Research, Capital and Communication, through Government Leveraged Equity and Grant Funding.

**Director**
Research for Humanity Foundation
Feb 2019 - Mar 2020 - 1 yr 2 mos
Munich Area, Germany

**Entrade Energiesysteme AG**
9 yrs 10 mos

**CEO**
Jan 2009 - Oct 2018 - 9 yrs 10 mos

**CEO- Vorstand**
Aug 2009 - Jun 2010 - 11 mos
Dahlia

**Member Board Of Directors**
**promo group**
Jan 2017 - Sep 2018 - 1 yr 9 mos
Greater Los Angeles Area

Financing and Integrating ENTRADE Technology into Micro-Grid Developments

Show 5 more experiences

Education

**New School University**
Bachelor's degree, Business Administration and Management, General
1998 - 2000

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** EX ZERO CARBON, INC.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** FL

**Date of Organization:** 01-22-2021

**Physical Address:** 1314 E Las Olas BLV #727, Fort Lauderdale, FL, 33301

**Issuer Website:** https://zero-x.co/

**Is there a Co-Issuer?:** No

### Annual Report Disclosure Requirements

**Current Number of Employees:** 1

**Total Assets (Most Recent Fiscal Year):** $5,315.00

**Total Assets (Prior Fiscal Year):** $0.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $997.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $0.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $3,601.00

**Short-Term Debt (Prior Fiscal Year):** $0.00

**Long-Term Debt (Most Recent Fiscal Year):** $206,375.00

**Long-Term Debt (Prior Fiscal Year):** $0.00

**Revenues/Sales (Most Recent Fiscal Year):** $0.00

**Revenues/Sales (Prior Fiscal Year):** $0.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $0.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $0.00

**Net Income (Prior Fiscal Year):** $0.00

### Signatures

**Issuer:** EX ZERO CARBON, INC.

**Signature:** Julien Uhlig

**Title:** CEO at ZERO CARBON INC.

---

**Signature:** Julien Uhlig

**Title:** CEO at ZERO CARBON INC.

**Date:** 02-20-2023