1. © Heliae Technology Holdings, Inc. 2014 – Confidential The Right Goal-Post: Strategic Partners and a Market-informed Commercialization Path Adrian Galvez, COO ABLC – Washington, DC April 23, 2014

2. © Heliae Technology Holdings, Inc. 2014 – Confidential Agenda 2 Photo Credit: Chicago Sun Times Heliae Background Setting the Goalpost: Market Focus Stage Gate Planning Our Strategic Partners Our path to Commercialization

3. © Heliae Technology Holdings, Inc. 2014 – Confidential Nutrition Fresh Water Energy Arable Land Beverages Food Symbioscience Petcare Wrigley Chocolate Major Business Concerns Founder’s Rationale 3 © Heliae Technology Holdings, Inc. 2014 – Confidential

4. Our History 4 2008201020092012201120132014 Founded through a research partnership with Arizona State University; pilot plant in operation Completed first sales of Personal Care products Completed first phase of construction of first full-scale commercial facility (Plant 1) in Gilbert, AZ in Q3 2013 Build-out of HQ and demo facility in Gilbert, AZ Reach 100% capacity for Plant 1; begin build-out of Plant 2 Demo facility and headquarter office completed; begin product development; begin IP portfolio expansion Completed first sales of nutraceutical and agroscience products

5. © Heliae Technology Holdings, Inc. 2014 – Confidential 5 Immense Biological Diversity Nature has provided > 100,000 species * 15 phyla and 54 classes with perhaps 4-5x more diatoms than every other alga species Genetic modification enables many more Beyond fuels, the cures or vaccines for diseases current or future may rest in algae’s nimble flagella Alga are found everywhere – soil, water, air ~3000 species in banks and many more to be found in nature through informed isolation The challenge is to harness the potential … * M. Guiry, 2012, How many species of algae are there, J. Phycol, 48, 1057-1063.

6. © Heliae Technology Holdings, Inc. 2014 – Confidential 6 With over 100,000 strains on the planet and a vast array of market applications, the question was: Where to begin? Limitless Product Opportunities

7. © Heliae Technology Holdings, Inc. 2014 – Confidential Cost of Production 201020122014201620182020 Health & Beauty High-Value Nutraceuticals Therapeutics Agrosciences Human Nutrition High-Value Animal Nutrition Specialty Chemicals Commodity Feeds An economic approach to product prioritization 7

8. © Heliae Technology Holdings, Inc. 2014 – Confidential A Market Informed Approach 8

9. © Heliae Technology Holdings, Inc. 2014 – Confidential 9 Personal Care Therapeutics Nutrition Agroscience Hedging Bets by Aligning with Strategic Partners Multiple Confidential or in Negotiation

10. © Heliae Technology Holdings, Inc. 2014 – Confidential Product Pipeline Rapidly Commercialize Diverse Markets Stage 0: Market Stage 1: Technical Feasibility with Combinatorial Development Platform Stage 2: Optimization & Market Stage 3: Pilot Process & Market Stage 4: Demonstration Scale & Market Readiness Stage 5: Commercial > 100,000 strains

11. © Heliae Technology Holdings, Inc. 2014 – Confidential A Disruptive Solution for Algae Production 11 Volaris TM Stage 4 Demonstration - Volaris Stage 5 Commercial - Volaris

12. © Heliae Technology Holdings, Inc. 2014 – Confidential A Platform Approach 12

13. © Heliae Technology Holdings, Inc. 2014 – Confidential Demonstration Commercial Scale Eliminating Technology Risk 13 January 2011

14. © Heliae Technology Holdings, Inc. 2014 – Confidential 14 Commercial Facility Build 7 Acre Facility  Producing Nutraceutical & Personal Care Products August 2013

15. © Heliae Technology Holdings, Inc. 2014 – Confidential Achieving Commercial Scale 15 Gilbert Plant 1 Gilbert, Arizona USA Construction complete  Products delivered to customers

16. © Heliae Technology Holdings, Inc. 2014 – Confidential Growing our Footprint 16 Gilbert Plant 1 Gilbert, Arizona USA Plant 2* Plant 1* Demo HQ *Note: Expansion on plant 1 included as a rendering; Plant 2 is a rendering only; construction will begin in Q1 2015 Nutri-cosmetics

17. © Heliae Technology Holdings, Inc. 2014 – Confidential 17 Building a Global Network Heliae HQ & Demo Facility Gilbert, AZ Heliae Commercial Facility Gilbert, AZ Algae PARC Research Center Wageningen, NL Middle East R&D Center TBD Asian HQ & R&D Center TBD - EST. 2010 - - EST. 2013 - - EST. 2011 - - EST. 2014 - Japan R&D Center TBD - EST. 2014 -

18. © Heliae Technology Holdings, Inc. 2014 – Confidential 18 Thank you. Adrian Galvez, COO agalvez@heliae.com