1. 2014 VitAg Tax-exempt Bond Authorization Request Effective biosolids solution Safe manufacturing process Environmentally-friendly product High-value slow-release fertilizer Proven technology and experienced team Green sustainable business A Sustainable Biosolids Process Manufacturing A High Nitrogen, Dry, Granular, Organically-enhanced Fertilizer Product VitAg Biosolids-To-Fertilizer Plant – Zellwood, FL

2. VitAg Process – Safe – Green -- FL Class AA+ Product 1 AM Process Overview Municipal Biosolids Process brings together two large volume industries Safely processes biosolids, sulfuric acid and ammonia into fertilizer Relatively low temperature and pressure Sterilizes biosolids; breaks-down macromolecules Standard materials & equipment widely used in fertilizer industry Community friendly; 12 issued U.S. Patents

3. The VitAg Zellwood Plant: A Safe Design – Popular Product -- Environmentally-Friendly Plant engineering design achieved 100% completion EPC construction contract with CDM Smith Constructors Inc. 62 acres (see above) under lease/purchase contract All permits procured for construction including FL Domestic Wastewater Permit 20-year biosolids feedstock agreement executed for 230 wet tons per day 30% of production sales secured through off-take agreements Strong project support from Orange County VitAg Accomplished Project Milestones Zellwood Property Plant Location CDM Smith 3-D VitAg Plant Modular Design

4. VitAg Plant Project Impacts 3

5. VitAg Tax Exempt Bonds Amount to be authorized = $65,000,000 Increased from $55,000,000 Rating = unrated with credit protection OCIDA requirements: 25% equity, 1.25 DSCR Actual: 33+% equity, average >2.5 times DSCR Issuing authorities = OC Industrial Development Authority OC Board of Commissioners State of Florida Lead Underwriter = Citigroup Timing Authorizations – May 2014 Marketing/Pricing – June 2014 Project closing - Late June 2014

6. 5 Approval and execution of the TEFRA resolution entitled “Approving the issuance of Orange County Industrial Development Authority Industrial Development Revenue Bonds (VitAG Florida LLC Project), Series 2014, in an aggregate principal amount not to exceed $65,000,000. 5 Requested Action