| 2 This confidential presentation (this "Presentation") contains certain information pertaining to Archer Aviation Inc. (collectively with its subsidiaries, the "Company"). This Presentation is being provided solely to assist the recipient in determining whether it wishes to proceed with conducting its own due diligence investigation of the Company and a potential transaction (the "Transaction"). The Company does not intend for this Presentation to form the basis of any transaction decision by the recipient. ANY TRANSACTION WITH THE COMPANY INVOLVES A HIGH DEGREE OF RISK. Any party to a transaction should inquire into, independently investigate and consider such risks in its due diligence investigation before entering into any transaction. This Presentation contains "forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as 'believe," "may," "will," “estimate,” “potential," "continue," "anticipate," "intend," "expect," "could," "would," "project, "plan," "target,” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements are based on management’s expectations, assumptions and other information available at the time the statements are made. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the Company's business strategy and plans, aircraft performance, the design and target specifications of the Company’s aircraft, the design of the Company’s manufacturing and automation processes, the pace at which the Company intends to design, develop, conduct test flights, manufacture and commercialize its planned eVTOL aircraft, its collaboration with Anduril and its ability to develop a VTOL aircraft for the military in collaboration with Anduril, the proposed terms of the Transaction and use of proceeds, the Company’s operational goals with respect to the timing of the launch of commercial operations, the rate of scaling aircraft production and operating margins, the buildout and collaboration with Stellantis at the Company’s planned manufacturing facility, including the ability to reach definitive documentation with respect to ongoing negotiations, the buildout and deployment of the Company's urban air mobility (“UAM") network, the design, development and implementation of a vertiport infrastructure, the development of a market for, and the projected size of, the future urban air mobility market, indicative orders for aircraft in agreements with domestic, international and military partners, and the expected timeline for the receipt of regulatory certification from the FAA and international regulatory agencies. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to change due to inherent risks and uncertainties, many of which are beyond the Company's control. Important factors that could cause the Company's actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by the Company's forward-looking statements include the following: the early stage nature of the Company's business and past and projected future losses; the Company's ability to design, develop, manufacture and commercialize aircraft and the UAM ecosystem; the operation of aircraft and manufacturing processes to the Company’s designed-for targets and goals, the Company’s dependence on third parties for current indicative aircraft orders, which are subject to conditions, further negotiation and reaching mutual agreement on certain material terms, and the risk that such parties cancel those orders or never places them; the Company’s ability to produce aircraft on its anticipated timeline to fulfill order demand; the effectiveness of the Company’s marketing and growth strategies, including the Company’s ability to effectively market electric air transportation as a substitute for conventional methods of transportation; the Company’s ability to compete in the UAM and eVTOL industries; the Company’s ability to obtain any required certifications, licenses, approvals, or authorizations from governmental authorities; the Company’s ability to achieve its business milestones, such as the completion of its manufacturing facility in Georgia, commencing the manufacturing of aircraft, launch of products and services and the targeted production scaling on anticipated timelines; the Company's dependence on suppliers for the parts and components in its aircraft; the Company's ability to ramp up to commercial-scale manufacturing capabilities; regulatory requirements and other obstacles outside of the Company’s control that slow market adoption of electric aircraft, such as the inability to obtain and maintain adequate vertiport infrastructure; the Company’s ability to hire, train and retain qualified personnel; risks related to the Company’s UAM ecosystem operating in densely populated metropolitan areas and heavily regulated airports; adverse publicity from accidents involving electric aircraft or lithium-ion battery cells; the impact of labor and union activities on the Company’s workforce; losses resulting from indexed price escalation clauses in purchase orders; regulatory risks related to evolving laws and regulations in the Company’s industry; the impact of macroeconomic conditions, inflation, interest rates, war and geopolitical conflicts, natural disasters, outbreaks and pandemics, on the Company’s business and the global economy; the Company’s need for and the availability of additional capital; cybersecurity risks; and risks related to the dual class structure of the Company’s common stock, which has the effect of concentrating voting power with holders of the Company’s Class B common stock, including Adam Goldstein, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, and which Class B common stock will automatically convert into shares of Class A common stock, and therefore no longer have concentrated voting power, on the last trading date of the year ending December 31, 2024. The Company does not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances alter the date hereof or to reflect the occurrence of unanticipated events, except as required by law. DISCLAIMERS CONFIDENTIAL |