Good Afternoon, Rob: Further to our telephone discussion last week, I am pleased to provide an overview of Ecostrats vast experience

and proprietary Biofuel Supply Network, together with the unique opportunity available. COMPANY OVERVIEW Ecostrat and our biofuel affiliate, General Biofuel, purchase, manufacture and distribute wood by-products, renewable fuels and biomass. With proprietary access to over 200,000 point sources of wood supply, we have the largest reach of any wood fuel supplier in the country today. We have been supplying hundreds of thousands of tons of wood fuel throughout the US and Canada for over 17 years. We specialize in virgin, post-industrial, and construction & demolition derived wood fuels. Our staff has extensive experience in the wood biomass business. We are reliable, straight-forward, and deliver high quality wood fuel on time, all the time. Our Businesses: BIOMASS SUPPLY WITHIN NORTH AMERICA

We have over 17 years and hundreds of thousands of tons of wood fuel supply experience. We know how to contract and deliver woodfuel. We offer long-term fuel supply contracts of up to 10 years. Our integrated logistics and supply network (truck, rail and ocean vessel) is capable of delivering biomass anywhere in North America and the world. We install grinding, screening and loading equipment, and set-up fuel consolidation yards to ensure secure supply and quality of fuel mix. All our fuels are rigorously tested according to ASTM standards to ensure the highest quality. We supply top quality biofuel to a wide range of customers: paper and board manufacturers, power plants, greenhouses, schools, buildings, cement kilns, and pellet manufacturers. General Biofuel is able to supply woody biomass for industrial cofiring, regional combined heat and power projects (CHP), and Energy Service Company (ESCO) clean heat and power projects.

BIOMASS SUPPLY INTERNATIONALLY

We supply paper and board quality chips and biofuel in shipload quantities to Europe and Asia. Our integrated wood biomass supply chain extends from harvesting to stockpiling, loading, fumigation, ocean freight and discharge. We supply top quality biofuel and woodchips to leading MDF and composite board manufacturers and power companies. We opened the east coast Wood Pellet market to bulk export by making the first bulk shipment of fuel pellets to the Netherlands in 2003. We opened the Composite Board market in Turkey to import of bulk wood chips and sent the first successful bulk vessel to Turkey (2005). The Turkish Composite Board Market currently imports over 1 million tons of wood chips per year.

CONSULTING SERVICES

Our consulting division performs three kinds of studies: 1. Biofuel Supply Assessments to determine availability and cost of wood fuel in any woodshed across North America. 2. Biomass Power and Co-Generation Evaluations to determine CapEx, 3. Operating cost, cash flow and ROI for clean power projects and conversions. 4. Carbon Credit Evaluations to determine whether a project qualifies for ghg offsets or other carbon credits and most effective direction to monetize credits. Leading clean power companies like Honeywell, Rentech and Johnson Control have used our team to get the answers they need.

BIOFUEL SUPPLY NETWORK Ecostrat's Biofuel Supply Network supply is the largest and most comprehensive in North America with over 200,000 proprietary, qualified sources of woody biomass. The Network is the result of over 10 years and 30,000 man-hours of collecting, consolidating, and parsing of raw source data. It contains over 96% of all point sources of virgin and post-industrial wood in the country. The Network is powered by FuelFind, our proprietary technology that automatically filters, parses and coordinates thousands of potential suppliers of wood by-products. Our procurement managers use FuelFind to determine the most reliable and cost effective supplies of biofuel. Our team consolidates the biofuel supply, co-ordinates supply and logistics, and delivers the fuel to the buyer.

Our team of fuel supply experts, supported by the largest network of wood fuel sources in the country, make us uniquely positioned to fill our customers' needs guaranteeing supply of wood fuel, to providing leading-edge information on supply, pricing, sustainability and competition in the local woodshed. LONG-TERM SUPPLY AGREEMENT OPPORTUNITIES The current push for energy independence and the environmental need for sustainable and renewable energy sources, coupled with an increasing level of governmental assistance initiatives at all levels worldwide, has resulted in an increasing number of major biomass projects being developed. Ecostrat, due to its recognized expertise in the field, has been called upon, not only as a supply source, but as consultants and experts to those developing clean energy projects. Integral to the efficient budgeting and financing of these clean energy projects is a guaranteed long term supply of feedstock. Ecostrat is uniquely qualified to provide long term supply agreements that would guarantee the feedstock price, quality and quantity. Additionally, through extensive consultation, Ecostrat has determined that a guaranteed supply agreement could, in fact, make the project financing easier and up to 100 basis point less expensive. Ecostrat proposes to provide such clean energy projects with a guaranteed long-term supply agreement through the issuance of a supply performance surety bond type of instrument. SAMPLE CLEAN ENERGY PROJECT

Project #1: XYZ, CT 1. Basic Details Project Size Fuel XYZ Renewable Energy Project, XYZ, CT 37.5 MW Minimum chipped) 64% processed Construction (i.e. and

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Demolition (C&D) Wood, including painted and varnished wood (but excluding pressure treated or railroad ties) Land clearing debris Recycled or clean wood Regulated wood fuel

Fuel Quantity: 350,000 tons/yr Term Requested: 10 years Start date: 2013 expected Upstream Suppliers: Major waste companies/landfill owners Supply Agreement Structure

management

Ecostrat to guaranteed supply fibre to project at fixed price of $11 per ton Actual final cost of fibre will be $6/ton.Termsheets with suppliers have been negotiated, drafted and are ready to sign. No price escalators Cumulative Liability Cap: o Years 1-3: $14 million o Years 4-5: $11 million o Years 6-7: $9 million o Years 8-10: $6 million Relevant Wood Market Characteristics C&D wood is handled by commercial waste haulers (i.e. construction dumpster suppliers), such as Waste Management Inc. and similar large companies. Disposal of C&D wood is very expensive in New England. Massachusetts has no licensed disposal sites. Rhode Island has one landfill licensed to take it and CT has two, but one has recently closed to taking it and the other is near capacity. Tipping fees are high. Maine and New Hampshire each have one licensed facility that can burn C&D wood. Currently, most C&D wood is sent to landfills in Ohio via truck and rail, leading to disposal costs between $50-85/ton XYZ facility is the ONLY conversion facility licensed to burn C&D wood in CT and was grandfathered in the relevant legislation to be the only facility able to generate Connecticut RECS from burning C&D wood.

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 Highly unlikely that significant additional disposal options will appear during 10 year term of credit wrap (typically takes many years to permit such a facility even where political will exists to do so and it does not today). Project sponsors anticipate supply of wood to the facility to far outstrip the facilitys demand. 4. Key Risk Elements- Mitigants Shortage of C&D Wood. This is unlikely because 1) the US is just now emerging from a large economic contraction. Decreased economic activity results in lower quantities of C&D. As a result, right now we are seeing the bottom of the curve in terms of quantities of C&D available. As the economy recovers, more C&D is expected in New England, not less; 2) there is not likely to be over the term more attractive disposal alternatives than XYZ. Even if there were, there is over 2M tons of C&D wood that is generated in New England. New disposal alternative (if they can be permitted, which is unlikely) are not likely to soak up all the additional feedstock; 3) the fact that New England is one of the highest and most consistent construction / demolition activity regions in the US acts as a natural hedge against shortages of C&D. Market price for C&D wood will increase above $12 cap over 10 year term of credit wrap. This is unlikely to occur because this facility is likely to remain the least-cost option for disposal. If new landfills are permitted, they will likely have tipping fees, resulting in a cost to the suppliers, as opposed to receiving $6-8 from XYZ. Significant export of materials (e.g. to UK where high incentives in place for using biomass) unlikely because of poor stowage factor of this material, leading to very expensive ocean freight. The price is capped at $12 and has no provision for inflation or higher diesel prices. Because of its location, inflation (both generally and in diesel fuel) works in favor of the project, helping to retain its position as the least-cost disposal option. Because of this suppliers have agreed to a long term supply contract and the risk of inflation and increases in diesel. Individual supplier risk/credit risk. Resolve through diversity of suppliers.

owould assist financing of the clean energy projects by thereby providing the projects with security of feeact as As I explained, the Noble Group's carbon group (www.thisisnoble.com) was originally backing the Connecticut deal and our pipeline of additional Credit Wrap deals, but since carbon trading in the US is essentially dead, Noble Carbon has not been given authorization by Noble Group to back additional Credit Wrap deals in 2011. As such, we are looking for new partners who can take a physical position and are willing to lend their balance sheet to backstop these biomass supply commitments. The Connecticut project requires 350,000 tons of chipped wood fiber per year. A typical Credit Wrap deal is 350,000 - 1,000,000 tons of biomass per yr. typical term is 10 15 years. The vast majority of risks of supply are indexed pass-through to the projects. We currently have in the pipeline over 1M tons per year of projects requiring Biomass Credit Wraps. Briefly, a Credit Wrap is designed to take the risk out of long-term woodfuel supply. It functions like a performance bond for biomass supply and provides biomass projects with investment grade guarantees of fiber cost, quantities, and quality. Using a Credit Wrap for woodfuel supply has additional benefits to projects in the financing stage that extend well beyond what is typically attainable from individual suppliers in the woodshed. Using a Credit Wrap for woodfuel supply decreases the long-term fuel risk of a project. It makes project financing both easier and up to 100 basis points less expensive. With Noble, we were able to claim that our Biomass Credit Wraps were backed by investment grade credit with over $30 billion in annual revenues, and provide bankable long-term (15 year) guarantees of fuel supply and fixed-to-index price.

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Contracting Strategy 100% of supply can be locked up under long term contracts immediately, if required. Because of the unique nature of the XYZ Project as a disposal market for C&D wood, we would prefer not to lock up the whole requirements with long-term contracts for the full 10 years. We believe that once the facility is open, the price to acquire the supply will drop below the price being contracted with suppliers. We believe this because the nearest alternate markets for C&D are much more costly and transfer stations/landfills that are not supplying wood to XYZ will lose business to the ones that are. For this reason, we would like to contract long term the minimum quantity required to satisfy Noble risk and credit while preserving this upside.