AWS Presentation - Joe Hudson 11.3.10

Agricultural Waste Solutions, Inc.Corporate IntroductionNovember 2010 : 

Agricultural Waste Solutions, Inc.Corporate IntroductionNovember 2010 Overview by Founder and CEO – Steve McCorkle

AWS Waste-to-Energy System : 

Agricultural Waste Solutions, Inc. has developed a proven and patented waste-to-energy system Destroys animal waste Abates air and water pollution Creates clean, renewable energy products Biosyngas Electricity Heat Renewable Diesel Fuel By-products include reclaimed water & marketable ash AWS Waste-to-Energy System 2

System Attributes : 

Attributes of the AWS system Proven technology Economically efficient solution Patented apparatus and process Facilitates industry compliance with new legislation on animal waste Scalable, closed-loop, skid-mounted systems Reduces carbon footprint; GHG reductions > 75% SCAQMD permits – a first for animal waste gasification Tested NCSU EST, CA dairy farms: USDA and CEC grants System Attributes 3

Animal Waste Industry : 

4 Animal Waste Industry Environmental Protection Agency has taken action Declared animal waste the primary cause of water pollution Instituted the “Final Rule”: Requires 19,000 large animal producers (and others) to improve waste management practices and reduce pollution State and local entities instituting more restrictive laws regarding air and water pollution 250,000U.S. animal farms 160,000,000animals 2,000,000,000,000pounds of animal wasteannually

Animal Waste Market Opportunity : 

U.S.Market Size $24 billion estimated installation revenue opportunity $18 billion estimated annual management opportunity 5 Animal Waste Market Opportunity International market is estimated to be 12x that of the U.S.

Existing Waste Management Methods : 

Current animal waste treatment methods are problematic Lagoons/Irrigation: non-compliant with Final Rule Digesters: low adoption rates, inefficient solutions Others: unproven economics and abatement 6 Existing Waste Management Methods Minimal economic efficiencies Note: “” denotes the waste treatment method satisfies the criteria and “+” denotes superior performance in the category

AWS System Technical Overview : 

Applicable to animal waste from any species, as well as biomass Utilized “on farm” and/or in centralized locations Three modules: Solids Recovery Module (“SRM”) Gas Production Module (“GPM”) Energy Production Module (“EPM”)or Liquid Fuel Module (“LFM”) 7 AWS System Technical Overview Energy Production Module

Projects for Immediate Development : 

8 Projects for Immediate Development Additional Prospective Projects Identified Domestic: California, Florida, Idaho, Iowa, New Mexico, North Carolina, Pennsylvania, Texas, Wisconsin, and others International: Argentina, Brazil, Chile, China, Korea, Russia, Taiwan, and others 1 Development costs include $2 million to $3 million of bond securitizations

Three Revenue Streams for AWS : 

Project Development Fees One-time percentage of capitalized costs to develop each project AWS earns fee for management of the JV formation, commissioning, and construction phases Project Management Fees Recurring percentage of net revenues from the projects Compensation for AWS’s management and oversight of ongoing operations Project Distributions Recurring percentage of JV net cash flows Commensurate with ownership stake in JV Distributions to AWS begin after majority JV partner recoups investment 9 Three Revenue Streams for AWS Recurring Project Management Revenue (Revenue Stream 2) Biodiesel Distributor / Utility 1 Note: percentage ownership figures will depend on each project

Projected Financials : 

Projected Financials 10 AWS Five-Year Forecast Utah and Colorado projects to be rolled out in 2011 Nine additional projects estimated in 2012, and a total of 125 through 2015 Equates to less than 0.5% penetration of U.S. market

Management Team : 

Stephen McCorkle – CEO, Chairman, and Founder Over 20 years of successful international executive leadership experience Manager of energy and technology businesses for Schlumberger Limited Executive Vice President and COO of InterGlobal Waste Management, Inc., a firm serving the AFO industry Elected Chairman of the Animal & Poultry Waste Management Center at North Carolina State University Richard Abruscato – CFO, Director, and Co-Founder CPA with over 35 years of financial and executive management experience CFO roles at Klein Tools, International Meta Systems, Mall.com, Team Linux, and SiteStuff; CEO, CFO, and Chairman of Consolidated Energy Systems Patrick Nielson – Chief Legal Officer and Director Over 25 years of corporate general counsel experience with Dole Food Company, Inc. and with GrupoNueva’s portfolio companies, focused on sustainable development Eight years on the Board of Directors of the Western Growers Association, a California-based agricultural trade association Management Team 11

Investment Highlights : 

Recurring and compounding revenue streams Low fixed costs resulting in high margins Relatively short payback period on invested capital Decades of experience, including renewable energy and entrepreneurial businesses Bring value creation backgrounds and relevant industry expertise Multiple projects in deep discussion, two ready for immediate deployment Other opportunities in the pipeline Agreements with suppliers to begin immediate production $24 billion system installation market and $18 billion of annual systems management in the U.S. Global opportunity estimated at 12x that of the U.S. Unique and patented approach to animal waste management Proven in multiple test locations 12 Investment Highlights New EPA and state and local regulations Reduced waste management cost on farms Proprietary Technology Demand Drivers Large Markets Immediate Opportunities Attractive Model Management Team Opportunity to share in biofuel sales Water reclamation and pollution abatement