1. 1 confidential Footer goes here1

2. 2 confidential > Carbon asset development > Carbon data tracking > Monitoring UpEnergy Model Locally produced Distribution Channels Corporates Product Sourcing Carbon Optimization Imports Retailers Direct sales Warehousing & Logistics > Importation > Quality assurance > Inventory management > Client Relationship Mgmt SACCOs

3. 3 confidential Distribution Expertise operating under the brand name “SmartHome” Sales & Marketing Product Sourcing Warehousing & Logistics Stoves After Sales Service Other

4. 4 confidential Sales Distribution by channel SAVINGS CO-OPERATIVES CORPORATE CHANNEL RETAILERSROADSHOWS OVER 21,000 PRODUCTS DISTRIBUTED

5. 5 confidential Challenges and possible solutions SOLUTIONS CHALLENGES Securing consistent flow of working capital Dependency on carbon revenues to make up for price subsidy for end user Customers’ ability to afford high quality, durable products High costs of last mile distribution Continue to source debt and equity financing Sourcing cheaper products with same quality and aspirational appeal Signing long term carbon sale agreements with fixed prices Reduce cost of logistics and distribution function e.g. through partners Devise innovative consumer finance models Market stronger value preposition

6. 6 confidential Kiva Retailer lending program

7. 7 confidential Footer goes here7