1. Presentation to Orange County Board of County Commissioners November 29, 2011 Long-term effective biosolids solution High-value slow-release fertilizer Proven technology and experienced team Sustainable business Substantial financial support from Denham Capital

2. Key Milestones Strategic agreement with Shelley’s Environmental Services of Zellwood  25 year history in Central Florida  Service provider to Orange County, Daytona, etc  20 year biosolids supply contract with VitAg 62 acre site with rail (Jones Avenue) 3 plant build-out over time Environmentally & community friendly Year-round fertilizer marketing nearby VitAg’s Zellwood Biosolids-to-Fertilizer Project 2

3. VitAg’s AM Plant Design For Zellwood 3

4. 3 X 14 permanent green jobs for operating plants cutting edge/green biosolids technology 3 X $70M total investment engineering & construction done locally 3 X 160,000 labor hours for plant construction 3 X $30M in annual economic activity/benefit Zellwood Orange County 3 X10 local service hires addition to local tax base odor control technology US made equipment VitAg Impacts 4

5. Key Aspects of Business Model Zellwood total project costs of approximately $70 million  Up to $55 million of tax-exempt bonds  Approximately $18 million of equity (minimum 25%)  Company is the borrower; no financial support of proposed bond issue by Orange County or any municipality Tax-exempt bonds will be:  Eligible for Municipal Solid Waste exemption  Unrated (below Investment Grade)  Have a minimum projected Debt Service Coverage Ratio of 1.25x Bonds will be sold  In minimum denominations of $250,000/$100,000  Only to Sophisticated Investors VitAg Florida Financing Plan 5

6. Key Aspects of Business Model Significant progress obtaining permits/approvals Finalizing construction cost OC IDA will be conduit Citigroup selected as lead bond underwriter \ K&L Gates is bond counsel SAIC/RW Beck retained as independent engineer Targeting 12/11-2/12 financial closing VitAg Zellwood Project Status 6

7. Key Aspects of Business Model Approval and execution of the TEFRA resolution entitled “Resolution Approving the Issuance of Orange County Industrial Development Bonds (VitAG Florida, LLC Project) Series 2011/2012, in an Aggregate Principal Amount not to Exceed $55,000,000.” Requested Action 7

8. THANK YOU!