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Investor Presentaiton

Los Angeles - Denver Boise Idaho Proposed Preferred Route and Select Station Locations Wyoming Preferred Route Operating Statistics Scheduled run time approx. 33 hours Route length 1,440 miles Ogden Salt Lake City Provo . Restored service Las Vegas, NV Ogden, UT Nevada . Cheyenne, WY Utah New service Legend Baseline Network Long-Distance, Northeast Corridor, State-Supported, Baseline Projects Preferred Routes Preferred Route: Los Angeles - Denver Preferred Routes Stations in Cities with Populations Over 50k o Existing Discontinued • New Fort Collins, CO U.S. Department of Transportation Federal Railroad Administration Fort Collins Cheyenne Denver Colorado California Bakersfield Barstow Las Vegas Flagstaff Albuquerque Los Angeles Trinidad South Dakota Pierre Sioux Falls Nebraska Omah Kenese Further analysis after completion of this study would be necessary to advance the preferred routes through project planning and project development activities, including detailed schedule development. This analysis would include extensive u coordination with host and operating railroads, funding agencies and other key stakeholders. Phoenix Amarillo Yuma Arizona New Mexico Tucson El Paso Dallas/ Fort Worth Scheduled run time for northbound or eastbound service. 121

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