HatchTech and Bell & Evans January 31, 2018

Bell & Evans Family owned and operated premium natural and organic poultry producer located in Fredericksburg, PA Pioneer in Raised without Antibiotics and Humane Animal Welfare 1M+ Birds/week Projected growth – triple capacity over next 10 years

Primary Purpose Animal Welfare Fully integrated Humane Animal Welfare program House design Feed formulation Transportation systems Slow Induction Anesthesia

Key Differences First HatchTech hatchery in the United States First Organic Certified Hatchery in the United States No Formaldehyde 100% of chicks receive Organic feed

Timeline/Transition First chicks hatch August 28th, 2017 - 25% October ‘17 - 60% November ‘17 – 85% January ’18 – 100%

Initial Results Livability - 2.25% increase Live Weight - 3.5% increase Hatch % - 2.2% increase 7-Day Mortality - 35% decrease