$1,070,000Reg CF Crowdfunding Campaign

Summer 2020

https://wefunder.com/steel.buffalo.motors

The Steel Buffalo Motors Brand

Steel Buffalo Motors sells restored classic Indian motorcycles, custom designed motorized bicycles and a line of apparel and accessories with branding recalling the golden years of classic American motorcycles.

Product Line: Motorized BikesSBM's growth will be driven by its lines of motorized bicycles. Our current line is a gas-powered 80 cc motorized bike with a four-stroke engine that is available in a variety of distinctive designs, all with the classic SBM look. These bikes do not require a driver's license and achieve over 100 MPG, making them perfect for local city transportation. Within the next six months SBM plans to introduce a line of hybrid gas-electric bikes.

Product Line: Classic Motorcycles

Steel Buffalo Motors owns the largest collection of 1st through 4th

generation Indian Motorcycles in the U.S., including rare museum pieces. Each has been restored to near-mint condition. SBM is an active buyer and seller of these classic machines and has a full-service shop that can handle the most complicated repairs and custom concourse restorations.

Product Lines: Apparel, Parts and Service

SBM branded apparel and vintage art product lines compliment our motorcycle and motorbike lines.Additional revenues are generated from SBM’s repair and customization shop and through the sale of parts and accessories.

Market Opportunity

Several recent market analyses have concluded that the U.S market for gas-powered and electric-powered motorized bicycles will exceed $25 billion by 2025.The market is currently highly fragmented, with many of the larger competitors focused on low-cost products for discount retailers such as Wal-Mart and Amazon. Do-it-yourself kits also form a significant portion of the market.SBM focuses on the higher end of the market, where buyers willingly pay $2,300 for an SBM base model and up to $6,000 for a limited-edition design.

Business Model

Historically, most of SBM's revenues have come from sales and restorations of classic Indian Motorcycles, with FY2019 sales of $521,000. Going forward, SBM plans to focus on growing its motorized bike line. In 2020.Q1 and .Q2, SBM is averaging sales of over 20 units per month, despite virtually no advertising and marketing. Sales of branded clothing and accessories are expected to grow substantially following the next fundraising round, as SBM ramps up its marketing efforts.Sales are generated from online sales through the SBM website and eBay store, and from our Los Angeles store, which opened in May 2020.

Marketing

To date, SBM has done limited marketing. Sales have been generated by word-of-mouth, primarily through SBM's eBay store. In June 2020, SBM launched a revamped website covering all of its product lines.A portion of the funds raised from this offering will be used to fund advertising and social media marketing campaigns.

Our Team

Benjamin Maccabee, CEO: Ben has over 30 years experience in classic car and motorcycle restoration and has an automotive engineering degree from a leading Israeli technical institute. Ben also has 30 years experience as a clothing wholesaler and has designed several successful clothing lines. Ben has an active Hollywood career as a producer and actor, with over 45 acting credits to date.Juda (Dean) Kobby, VP: As VP for operations, Dean oversees day-to-day operations, including manufacturing and sales.Alex Galindo, Social Media and Web Developer. Alex is an experienced web developer and recently created our company’s website. He will spearhead our social media marketing.Bennett Yankowitz, Board member: Ben is an experienced business executive and securities lawyer, the former CEO of a California-based energy company and currently the CFO and a director of RocketFuel Blockchain (OTC:RKFL).

Summary of ProjectionsProjections Year 1 Year 2 Year 3 Year 4 Year 5 Equity Value

Revenue Sum of initial period present values 721,087 Apparel 190,000 300,000 600,000 1,250,000 2,500,000 Present value of terminal period 3,680,051

Custom Bikes 360,000 720,000 1,080,000 1,440,000 1,800,000 DCF enterprise value 4,401,139 Board Track racers 660,000 1,232,000 1,408,000 1,584,000 1,760,000 plus excess cash 3,359,254 Gen 1 Indian Bikes 250,000 500,000 750,000 1,000,000 1,500,000 less debt 315,000

Gen 2 Indian Bikes 1,500,000 1,800,000 2,400,000 3,000,000 3,600,000 Equity value 7,445,393 Gen 3 Indian Bikes 750,000 900,000 1,200,000 1,500,000 1,800,000 Gen 4 Indian Bikes 1,000,000 1,200,000 1,600,000 2,000,000 2,400,000 Value per share 1.49$ Service 225,000 360,000 420,000 480,000 600,000 Offering price per share 1.33$ Parts 39,000 60,000 70,000 80,000 100,000 Accessories 20,500 25,000 50,000 150,000 200,000 Vintage Art and Antiques 30,000 50,000 100,000 150,000 250,000 Bike storage 25,812 62,953 130,545 211,367 245,984 Financing Fees 12,500 10,000 20,000 30,000 40,000

Total Revenues 5,062,812 7,219,953 9,828,545 12,875,367 16,795,984 Direct Expenses 3,537,916 5,129,776 7,056,273 8,941,584 11,216,922

Gross Margin 1,524,896 2,090,177 2,772,272 3,933,783 5,579,062 Operating Expenses 1,057,141 1,761,397 2,057,127 2,624,062 3,145,119

Operating Income 467,755 328,780 715,145 1,309,721 2,433,943 Income Taxes 43,667 30,474 67,179 123,663 230,458 D&A 8,000 8,000 8,000 8,000 8,000

Net profit 416,088 290,306 639,966 1,178,058 2,195,485

Free Cash Flow 81,341 (89,281) 40,838 278,794 804,974 Discounted Free Cash Flow 73,946 (73,786) 30,682 190,420 499,826

Investment Structure

SBM is conducting a Reg CF equity crowdfunding campaign via WeFunder. https://wefunder.com/steel.buffalo.motors

• Amount sought: $1,070,000• Securities offered: 750,000 shares of common stock• Offering Price: $1.33 per share• Organization: California C corporation• Use of proceeds: Growth capital; repayment of debt