PROPOSAL FOR REVIEW Prepared: September 12, 2026 Prepared by: Evan Winter, Fiveo1 Correspondence: PO Box 312786, Avalon, California 90704 --- 1. PURPOSE AND STATUS OF THIS DOCUMENT This document presents Fiveo1’s proposed acquisition concept involving Ferrari N.V. and a related strategic development framework involving advanced manufacturing, sustainable mobility, software-defined communications, and potential public-private collaboration. This is a non-binding proposal for discussion and review. It is not a tender offer, merger agreement, financing commitment, securities solicitation, government endorsement, or evidence that any acquisition has been approved or authorized. Fiveo1 has not represented that it currently possesses the financing required to complete the proposed acquisition. Any transaction would require substantial due diligence, financing arrangements, legal documentation, regulatory review, and approval by the appropriate corporate and governmental authorities. --- 2. PROPONENT — FIVEO1 Organization: Fiveo1 Principal correspondence: Evan Winter Mailing address: PO Box 312786 Avalon, California 90704 United States Proposed role: Strategic acquisition proponent and coordinator of a broader technology, mobility, and economic-development concept. Fiveo1’s stated concept is to evaluate opportunities combining commercial technology, geospatial intelligence, advanced transportation, infrastructure, and strategic partnerships. Any proposed acquisition or operating structure remains subject to independent legal, financial, technical, and commercial evaluation. --- 3. BUSINESS SUMMARY — CARBON RACE CORP. 3.1 Supplied company description Carbon Race Corp. is described in the supplied material as a technology company based in Broadview, Illinois, associated with software-defined radio and mobile wireless-network applications. The supplied material identifies PC4 as a proprietary framework associated with: - Programmable communications; - Command, control, computing, and communications functions; - Reconfigurable wireless communications; - Mobile communications applications; - Potential radar, digital RF, and GSM-related applications. 3.2 Information requiring verification The following information has not been independently established in this document and must be verified before being used in an investor, acquisition, regulatory, or governmental submission: - Corporate legal name and current corporate status; - Principal executive officers and directors; - Ownership and capitalization; - Headquarters and operating address; - Ticker symbol and exchange status; - Shares outstanding; - Market capitalization; - Ownership of PC4 intellectual property; - Patent, copyright, software, or trade-secret rights; - Government contracts, certifications, export authorizations, and security clearances; - Commercial revenue, customer base, and audited financial statements; - Whether any military, homeland-security, radar, RF, or GSM applications are operational, commercially available, or merely proposed. Supplied address requiring confirmation: 2600 South 25th Avenue, 2nd Floor Broadview, Illinois 60155 Supplied ticker requiring confirmation: CBRJ The previously supplied market capitalization of US$8.706k is omitted because it has not been verified and may be a data-entry, quotation, or unit error. No claim is made here that Carbon Race Corp. is currently a subsidiary of Fiveo1, Ferrari, or any other entity. --- 4. BUSINESS SUMMARY — FERRARI N.V. 4.1 Company Ferrari N.V. is an Italian luxury-performance automobile manufacturer headquartered in Maranello, Italy. Ferrari designs, engineers, manufactures, and sells high-performance vehicles and related products and services. Its business activities include, subject to the company’s current reporting: - Luxury performance road cars; - Track and special-series vehicles; - One-off and limited-production vehicles; - Automotive components and engines; - Genuine parts and after-sales services; - Maintenance, repair, restoration, and related services; - Ferrari-branded licensing and merchandising; - Ferrari museums and visitor experiences; - Ferrari-branded retail and lifestyle activities; - Selected financial and ancillary services. 4.2 Corporate and market identification Legal name: Ferrari N.V. Founded: 1947 Headquarters: Maranello, Italy NYSE ticker: RACE Euronext Milan ticker: RACE The supplied September 11, 2026 closing price of US$413.78, market capitalization of US$72.681 billion, TTM EPS of US$10.80, and TTM P/E of 38.31 are retained below only as supplied figures pending independent verification. They should not be presented as confirmed market data without a dated exchange or regulatory source. Item| Status September 11, 2026 closing price| Supplied figure: US$413.78; independently verify Market capitalization| Supplied figure: US$72.681 billion; independently verify TTM EPS| Supplied figure: US$10.80; independently verify TTM P/E| Supplied figure: 38.31; independently verify Shares outstanding| Must be confirmed from current filings Current enterprise value| Must be calculated from current filings and market data Current net debt and cash| Must be confirmed from current financial statements --- 5. PROPOSED ACQUISITION 5.1 Proposed acquirer Fiveo1 5.2 Proposed target Ferrari N.V. — RACE 5.3 Proposed structure Fiveo1 proposes to evaluate a potential acquisition of all or substantially all outstanding shares of Ferrari N.V., subject to: 1. Completion of legal, financial, tax, operational, technical, and commercial due diligence; 2. Confirmation of Ferrari’s ownership structure and applicable shareholder rights; 3. Negotiation of a transaction structure acceptable to the parties; 4. Identification and verification of acquisition financing; 5. Agreement on valuation and any control premium; 6. Applicable securities-law compliance; 7. Applicable foreign-investment, competition, national-security, and other regulatory review; 8. Required corporate approvals; 9. Required shareholder approvals or acceptances; 10. Execution of definitive transaction documents. 5.4 Valuation and financing Fiveo1 intends to evaluate a negotiated acquisition price that may include a premium to the prevailing market price, subject to valuation analysis and transaction negotiations. Potential financing sources may include: - Equity capital; - Strategic investors; - Institutional capital; - Debt financing; - Acquisition financing facilities; - Other lawful financing instruments. No financing commitment, lender approval, equity subscription, or completed transaction is represented by this document. 5.5 Acquisition considerations A transaction involving Ferrari would require evaluation of: - Ferrari’s market capitalization and enterprise value; - Voting rights and shareholder structure; - Public-company disclosure requirements; - Applicable Italian, European Union, and United States laws; - Competition and antitrust considerations; - Foreign-investment review; - National-security review, if applicable to any proposed technology integration; - Existing licensing, distribution, supplier, employment, and financing arrangements; - Ferrari’s brand-protection requirements; - Intellectual-property ownership and licensing; - Existing joint ventures and subsidiaries; - Potential effects on Ferrari’s employees, customers, dealers, suppliers, and shareholders. The proposal does not assume that Ferrari’s management, board, shareholders, regulators, or any government agency supports the proposed transaction. --- 6. STRATEGIC DEVELOPMENT CONCEPT Fiveo1’s proposed strategic concept is to explore whether Ferrari’s engineering, manufacturing, brand, and mobility capabilities could support selected initiatives in: - Sustainable mobility; - Advanced materials and composites; - Vehicle engineering; - High-performance transportation systems; - Manufacturing technology; - Software and data systems; - Workforce development; - Commercial technology partnerships. The proposed relationship with Carbon Race Corp. is conceptual. No claim is made that Ferrari currently uses, owns, endorses, or has agreed to integrate Carbon Race Corp.’s PC4 technology. Any technology integration would require separate technical, legal, cybersecurity, export-control, intellectual-property, and commercial review. --- 7. PROPOSED LOS ANGELES COUNTY COLLABORATION 7.1 Purpose Fiveo1 seeks an opportunity to present its proposed acquisition and strategic-development concept to appropriate Los Angeles County officials, advisory bodies, economic-development representatives, and other authorized stakeholders. The proposed discussion would concern potential economic-development, workforce, technology, and public-interest applications—not a request for the County to approve or finance a private acquisition. 7.2 Proposed areas of discussion Economic development Explore the potential for future investment, supplier development, advanced manufacturing, engineering, and technology-related employment in Los Angeles County. Sustainable mobility Evaluate possible research, demonstration, training, and commercial partnerships involving electric mobility, advanced materials, energy efficiency, and transportation technology. Communications and public safety Explore whether independently verified commercial communications technologies could have lawful applications relevant to emergency preparedness, interoperability, and public safety. Any use involving public agencies would require procurement, technical validation, cybersecurity review, applicable contracting procedures, and all required governmental approvals. Workforce development Explore possible partnerships involving: - Automotive engineering; - Advanced manufacturing; - Software and communications technology; - Technical training; - Apprenticeships; - Community-college or vocational education; - Workforce opportunities for underserved communities. Community engagement Consider educational and workforce initiatives that may benefit Los Angeles County communities, subject to funding, program design, and approval by the appropriate organizations. 7.3 Requested action Fiveo1 respectfully requests an opportunity to submit the proposal for preliminary review and, if appropriate, to discuss the concept with the relevant Los Angeles County office, advisory body, or economic-development representative. Fiveo1 does not request that the County endorse, approve, guarantee, finance, or participate in an acquisition before the required due diligence and legal review have been completed. --- 8. LOS ANGELES COUNTY CORRESPONDENCE REFERENCE Proposed recipient: Priscilla Musso Bureau Director, Special Projects Los Angeles County District Attorney’s Office Office address: Hall of Justice 211 West Temple Street, Suite 1200 Los Angeles, CA 90012 General Los Angeles County District Attorney’s Office: Phone: (213) 974-3512 Priscilla Musso office phone: (213) 974-6756 Email: pmusso@da.lacounty.gov The Los Angeles County District Attorney’s organizational chart identifies Priscilla Musso as Bureau Director, Special Projects. The office contact should be verified before mailing or submitting the proposal. --- 9. BEVERLY HILLS CHAMBER OF COMMERCE — BUSINESS AND ECONOMIC-DEVELOPMENT REFERENCE The Beverly Hills Chamber of Commerce may be considered a potential business-community and economic-development contact for Fiveo1’s commercial, luxury-brand, manufacturing, mobility, and technology discussions. The Chamber is a 501(c)(6) nonprofit business organization. It is not a governmental approval authority for Ferrari’s acquisition, and no endorsement or participation is implied. Verified contact information Beverly Hills Chamber of Commerce 9400 S. Santa Monica Blvd., 2nd Floor Beverly Hills, CA 90210 Main phone: (310) 248-1000 Administrative hours: Monday–Friday, 8:30 AM–5:00 PM Website: "Beverly Hills Chamber of Commerce" (https://reference-url-citation.invalid/3) General email: info@beverlyhillschamber.com Primary business-development contact Melissa Case Director of Sales Phone: (310) 248-1000, extension 119 Email: case@beverlyhillschamber.com The Chamber’s official website identifies Melissa Case as the membership and sales contact and confirms her extension and email. Executive contact Todd Johnson President & CEO Phone: (310) 248-1000 Email: johnson@beverlyhillschamber.com The Chamber’s official staff page identifies Todd Johnson as President & CEO and publishes his email and main office phone. Economic-development contact Blair Schlecter Senior Vice President | Economic Development & Government Affairs The Chamber’s official staff listing identifies Blair Schlecter in this role. A direct email or extension should be obtained from the Chamber rather than inferred from third-party directories. Fax (310) 248-1020 The fax number is listed by the California Chamber of Commerce directory. It is not displayed on the Chamber’s current official contact page and should be verified before use. Parking reference Chamber event materials have identified approximately two hours of complimentary parking at the public garage at: 439 N. Canon Drive Beverly Hills, CA Parking terms may vary by event and should be confirmed directly with the Chamber. Recommended correspondence purpose Fiveo1 may contact the Chamber to request: - General guidance on Beverly Hills business and economic-development channels; - Information concerning relevant business councils or committees; - Introductions to qualified commercial, manufacturing, mobility, technology, or investment stakeholders; - Information concerning membership or business-community participation; - Guidance on whether the proposal is appropriate for a Chamber discussion. No Chamber endorsement, investment, acquisition role, or public-sector authority is implied. --- 10. SAN BERNARDINO COUNTY — INDUSTRIAL, ECONOMIC-DEVELOPMENT, AND GOVERNMENT CONTACT REFERENCE The following contacts are included for potential future discussions concerning industrial development, advanced manufacturing, technology facilities, transportation infrastructure, workforce development, and economic-development opportunities in San Bernardino County. These contacts are reference points only. Inclusion does not indicate that any office has reviewed, endorsed, or agreed to participate in the Fiveo1 proposal. 10.1 San Bernardino County Economic Development Agency San Bernardino County Economic Development Agency 290 North D Street San Bernardino, CA 92415-0047 Main phone: (909) 387-4460 County Economic Development Agency general phone: (909) 387-4700 General email: info@selectsbcounty.com Website: "San Bernardino County Economic Development Agency" (https://reference-url-citation.invalid/9) The County’s economic-development materials identify the agency as a resource for manufacturing, opportunity zones, retail, film permitting, tourism, business attraction, retention, foreign direct investment, and international trade. Potential correspondence topics: - Industrial site selection; - Advanced manufacturing; - Foreign direct investment; - Technology facilities; - Business attraction and retention; - Workforce development; - Industrial land and infrastructure; - Economic-development incentives; - International trade; - Public-private economic-development opportunities. 10.2 San Bernardino County Economic Development Leadership Derek Armstrong Director, Economic Development Deepak Bahl Deputy Director, Economic Development Ryan Niesen Manager, Economic Development The County’s economic-development contact materials identify these positions and personnel. Direct email addresses should be obtained from the current County directory or agency before correspondence. 10.3 City of San Bernardino — Economic Development City of San Bernardino Economic Development 290 North D Street, Third Floor San Bernardino, CA 92401 Director: Luis Portillo Main phone: (909) 998-2370 General email: EconDev@SBCity.org Website: "City of San Bernardino Economic Development" (https://reference-url-citation.invalid/12) Office hours: Monday–Thursday: 7:30 AM–5:30 PM Friday: 7:30 AM–4:30 PM The City’s official economic-development page identifies Luis Portillo as Director of Economic Development and provides the department’s address, phone, email, and office hours. 10.4 City of San Bernardino — General Government Contacts Office| Phone General Information| (909) 998-2000 City Manager’s Office| (909) 998-2001 City Attorney’s Office| (909) 998-2630 City Clerk’s Office| (909) 998-2680 City Council| (909) 998-2720 Community Development & Housing| (909) 998-2200 Code Enforcement| (909) 998-2340 Finance & Management Services| (909) 998-2100 Fire Protection Services| (909) 918-2200 These numbers are listed in the City’s official contact directory. 10.5 City of San Bernardino — Economic Development Staff Directory The City’s official directory lists the following economic-development staff: Name| Position| Phone Luis Portillo| Director of Economic Development| (909) 998-2371 Jennifer Machuca| Senior Management Analyst| (909) 998-2373 Carey Millan| Administrative Assistant| (909) 998-2374 Stephanie Castro| Economic Development Project Manager| (909) 998-2375 Veronica Rendon| Economic Development Manager — Marketing| (909) 998-2376 Briana Flores| Economic Development Specialist| (909) 998-2377 Nancy Ruedas| Love Your Block Fellow — Grants Assistant| (909) 998-2378 Shannay Sampson| Love Your Block — Grants Assistant| (909) 998-2379 The City directory does not publish direct email addresses for these staff members in the supplied official listing. 10.6 City of San Bernardino — Real Property Division Real Property Division Main phone: (909) 998-2370 Michael Yarbrough Real Property Manager Phone: (909) 998-2380 Kima Russell Real Property Manager Phone: (909) 998-2381 Jessica Al-Mousa Real Property Specialist Phone: (909) 998-2382 These contacts may be relevant to future industrial-site, property, land-use, or facility-location inquiries. 10.7 Potential additional San Bernardino County contact channels Depending on the final project scope, Fiveo1 may also need to contact: - County Land Use Services; - County Public Works; - County Transportation and Infrastructure agencies; - County procurement and contracting offices; - Local city planning and community-development departments; - Local utility providers; - Workforce-development and community-college partners; - Regional transportation and logistics agencies; - Applicable state and federal permitting authorities. Specific offices should be selected only after the proposed facility, technology, land use, and commercial activity are defined. --- 11. PROPOSED NEXT STEPS 1. Verify Fiveo1’s legal entity, ownership, capitalization, and authority to submit an acquisition proposal. 2. Verify Carbon Race Corp.’s corporate status, ownership, technology rights, financial condition, and market information. 3. Obtain current Ferrari regulatory filings, financial statements, share structure, and verified market data. 4. Prepare an independent valuation and acquisition-financing analysis. 5. Identify qualified legal counsel for U.S., Italian, European Union, securities, competition, foreign-investment, and national-security matters. 6. Determine whether the proposed transaction requires review under applicable foreign-investment or national-security regimes. 7. Prepare a separate technical and intellectual-property assessment for any proposed Carbon Race–Ferrari integration. 8. Contact appropriate business and economic-development organizations for preliminary, non-binding discussions. 9. Develop a detailed implementation plan only after the acquisition concept, financing, and operating structure are validated. 10. Submit any formal government request through the appropriate authorized office and established procedure. --- 12. IMPORTANT DISCLOSURES This document is a proposal for discussion and does not constitute: - An offer to purchase securities; - A tender offer; - A proxy statement; - A merger agreement; - A financing commitment; - A government procurement proposal; - A government endorsement; - A representation of regulatory approval; - A representation that Ferrari or Carbon Race Corp. has agreed to any transaction; - A representation that Fiveo1 has secured acquisition financing; - A representation that any listed organization has reviewed or approved this document. All corporate, market, financial, legal, technical, and contact information is subject to verification and change. --- 13. CONTACT Evan Winter Fiveo1 PO Box 312786 Avalon, California 90704 United States