PROJECT ABSTRACT

Project Name: Pi Eco Plastic Waste Pollution Elimination Project

Objectives of the Project: The primary objective of Pi Eco is to help eliminate the significant global
problem related to pollution from waste plastics; and convert those plastics in usable and salable
commodities; with a focus on certified Ultra-Low Sulfur Diesel Fuel.

Inputs and Outputs of the Project: Inputs are Grades 1-7 waste plastics. Outputs are usable, salable
commodities, with the primary output being Ultra-Low sulfur Diesel Fuel. The diesel fuel can be sold to
the open market without additional processing.

Investment Resources of the Project: Our global business model is based on establishing joint-ventures
with local partners; in this case with a Vietnamese partner(s). In case of Vietnam, one of the partners
can be a government organization in addition to a commercial enterprise.

The USA partner is Pi Eco, which brings machine and operations technologies to the joint-venture; and
possibly capital, based on the terms of the joint-venture. Capital investment needed for the joint-
venture is based on the scope of the project (re the financial section in the main document), to be
discussed with potential Vietnamese partners.

Sources of investment can come from a variety of sources, including Pi Eco, the Vietnamese joint-
venture partner, investment institutions inside or outside of Vietnam, possibly the Vietnamese
government for certain things, and possibly other non-Vietnamese partners.

Project needs from Vietnam joint venture: The joint-venture company needs access to waste plastic,
and, working in close partnership with Pi Eco, must have the ability to help put together an
infrastructure and location(s) to process/convert waste plastics to usable commodities that can be sold
within Vietnam, or outside as the joint-venture desires.

Project Implementation Schedule: From our experiences with out other projects, we can generally have
operations active within 4-6 months of signing of agreement. Of course, this assumes that land and
buildings are available at the time of signing.

Project Location: Anywhere in Vietnam, near sources of waste (plastic landfills, dumps, etc.). It is
assumed that that will be several locations throughout Vietnam, each most likely near large
metropolitan areas.

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 Solving the global crisis of waste plastic in an economic and environmentally
responsible manner

VIETNAM
WASTE PLASTIC CLEAN-UP CONVERSION PROJECT
CONFIDENTIAL PROJECT OVERVIEW

5 MARCH 2019
For additional information, please contact Nick Jaksa, at +1 248 790 8327, or Kyle Barnette, at +1 603 369 2859

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1. Introduction

PI ECO Solutions to Help Solve Waste Plastic Pollution

Pi Eco, LLC, a Delaware, United States company is poised to capitalize on a business opportunity with global
implications for the planet and future generations. Current practices of landfill disposal and incineration of
waste plastics are not working. Pi Eco offers a profitable and environmentally responsible alternative.

Pi Eco has developed, and fully proven out a process, using propriety and patented machine-based technologies
that can take waste plastics and convert them into usable and salable commodities, including Ultra-Low Sulfur,
Certified, Diesel Fuel. Our global mission is to deploy and operate waste our plastic-to-diesel fuel systems on a
global level, with select partners via Joint Venture partnership models.

The objectives of Pi Eco are to rid the world of plastics responsibly, while minimizing the environmental impact
from incineration and landfill. The compact size to high yield output of the Pi Eco system makes it ideal as a
deployable solution to waste plastics in landfills, and in the near-term, marine-based.

Waste Plastic Pollution, a Growing Environmental Catastrophe

The global environmental impact of plastic waste is so severe and growing that many scientists predict that by
2040, waste plastic in the ocean will outnumber the total population of fish and marine animals. Recent studies
on greenhouse gases suggest that the five floating patches of ocean garbage are acting like giant refractors,
warming the ocean and further encouraging the release of CO2 from the discarded plastic, which in turn further
accelerates global warming.

The table below quantifies the problem based on leading waste plastic producing countries:

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Globally, the amount of waste plastic on land and water must be managed and significant efforts must be taken
to avoid catastrophe, and we want to be part of the solution.

Lots of examples of the problem exist, and in one case, where quantifiable data was found, as written in a
January 2019 article about the issues in Peru, a relatively small country and small contributor by comparison,
the country uses 947,000 tons of plastic annuallyi. 75% of that is thrown away, and of that, only 3% is recycled ii.
A simple calculation shows that of the total, this still means that 688, 943 tons of plastic products turn to waste;
and this is only an example of ongoing plastic waste pollution.

The numbers vary by source, with a great deal of research made to quantify and comprehend the problem. In
all cases, the results lead to the same conclusion: SOMETHING MUST BE DONE TO OVERTURN AND CORRECT
THE PROBLEM.

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2. Pi Eco Technology

Pi Eco has developed, fully proved, and has available a highly scalable process, which evolved and has been
optimized over the past 10 years as summarized below:

• At normal capacity, each Pi Eco Renewable Fuel Production (“RFP”) Unit produces approximately 13.25
Million liters (3.5 million gallons) of certified Green Clean Low Sulfur Renewable Diesel Fuel per year.
‘Process to Storage to Use’.
• Footprint of approximately 250 m2 (2,500 ft2) for each RFP. Modular designed for multiple RFP Units to be
placed side by side. Currently100% made in the USA; however, low-cost manufacturing base options are
being evaluated.
• Each Unit processes 48 tons of waste plastic of per day, or 17,520 tons per year. Each Unit produces 3.8
liters (1 gallon) of green clean renewable diesel from 4.5 Kg (10 lbs.) of plastic feedstock, or 13,250,000
liters (3,500,000 gallons) per year. Operating costs, including feedstock, is project and location specific,
with a Vietnam-based financial forecast shown in the Financial section of this document.
• The RFP Unit operates in a closed-looped oxygen free environment. With no oxygen there can be no
combustion. Minimal emissions.
• 24/7 monitoring and maintenance contract provides for repair and scheduled maintenance. Operating
efficiency of 91%.
• Pi Eco’s propriety ASTM II Diesel, branded Syn-Eco™ offers advanced lubrication characteristics, lower fuel
consumption, and lower emissions than other comparable fuels. Our Fuel meets or exceeds the chemical
and performance characteristics of traditional petroleum-based products.
• Our plants have a successful record over the last 6 years and can be toured by schedule by qualified
operators to observe operations.

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 • Competitors currently dominate the market with large-scale facilities each requiring 10,000 m2 of space
and typically 87 MM EUROS (USD 100MM) in capital investment for one plant. Typically, these systems
process about 100 tons per day of waste plastic. Comparatively, Pi Eco can process 96 tons of waste plastic
in 500 m2 using two RFP systems at a combined capital cost of approximately euros 16 Million. Pi Eco needs
one-twentieth the space of its competitors to process the same amount of the plastic at one-sixth the
capital cost and at a fraction of the ongoing Operations and Maintenance (“O&M”) cost.

3. Pi Eco Business Model

The objective of PI ECO is to expand the use of its technologies on a global level based on a network of close
relationship with trusted joint venture partnerships build around long-term relationships to meet mutual
objectives. The RFP unit will be sold by Pi Eco, and related technologies licensed to the joint-venture
partnership.

As of the writing of this document, Pi Eco has joint-venture partnerships established in the following countries:
USA, Canada, Korea, India, Netherlands, Colombia, Guatemala.

In case of a Vietnamese Joint-Venture partnership, the parties will have the following objectives and
responsibilities:

Pi Eco Roles and Responsibilities:

• To make available the RFP machinery and its technologies to produce highly productive and efficient
operations available.
• To provide training on the operations necessary to operate efficiently and develop highest available
revenues to the joint-venture.
• To support the joint-venture with human resources, ongoing technological optimization over time, in
order to grow the business based on defined objectives

Vietnamese Joint-venture Partner Roles and Responsibilities:

• To assist with defining the most appropriate location for the operating facility, generally as close to the
source of waste plastic as available.
• To ensure that local regulations are followed as needed.
• To interact and maintain good relationships with local government and other regulating authorities as
needed to ensure the effective operations of the joint-venture company.
• To support developing the human resources organization for the operation.
• To assist with local funding options as/if needed.

NOTE: Pi Eco’s joint-venture partner does not have to meet specific criteria, other than the
enthusiasm to help overcome the problem of waste plastic pollution in a commercially feasible way.
The partner will have some of the following attributes: Access to government agencies to help
support the project, access to suppliers related to logistics with moving waste plastics and
petroleum products, access to funding as needed.

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4. Pi Eco Executive Support Team

Pi Eco’s management and operating team with be defined and implemented based on specific needs of
the joint-venture. The following lists some of the key Pi Eco executive team members that will support
formation of the operating team:

The objectives of PI ECO is to expand the use of its processes on a global level based on a network of close
relationship with trusted joint venture partnerships build around long-term relationships to meet mutual

Barnett J Suskind - Pi Eco Cofounder, Chief Executive Officer, Director Pi Eco

Mr. Suskind was the Founder, Chairman, and Managing Partner of ITF Global Partners (ITF) and ITF Global
Partners, Investment Arm. A successful professional artist in his own right, Mr. Suskind combined his
abstract vision with his business acumen to conceive, build, and fund his own companies for over 20yrs
before focusing on establishing ITF Global Partners which has provided operational assistance and
strategic capital to early stage and middle market companies in industries ranging from biotechnology to
hospitality with investments up to $300 million.

Kyle Barnette – Founder & Group Chief Operating Officer, Director Pi Eco. Reporting to the CEO

Mr. Barnette has spent many years working across the spectrum in the energy field and has many
established relationships as a result of that experience spanning the globe which provide Pi Eco access to
many thought and political leaders as well as many strategic partnerships around the world.

Prior to co-founding Pi Eco, he was the Co-founder/Managing Partner of Turnkey Electric LLC, a diversified
power-oriented company founded in 2004 which grew into a diverse multi-million dollar a year power
generation sales and consulting business. During his tenure with Turnkey companies, Mr. Barnette was
involved in the sales and construction consultation of over 250MW of power generation worldwide.

Kenneth B. Dickey -- Managing Director

Mr. Dickey was previously president of Deutsche Bank Mortgage Capital, LLC, a wholly owned subsidiary
of Deutsche Bank, in March of 2005. Before heading up the group, Ken was Managing Director,
responsible for overseeing loan production and execution. Prior to joining DBMC, Ken was Director of
Principal Finance and Credit Arbitrage at UBS-Warburg, and COO and Senior Managing Director of WMF
Capital Corp., where he oversaw all commercial real estate origination and securitization activities. Before
joining WMF CC, Ken was a Managing Director in the Commercial Real Estate Finance Group at First Union
National Bank, overseeing the origination and subsequent distribution of approximately $2 billion in
multi-family mortgage-backed securities. Prior to FUNB, he was a Vice President in the Real Estate Finance
Group at Donaldson, Lufkin, & Jenrette, and an analyst at CS First Boston.

David Draper -- Managing Director

Mr. Draper is an experienced Entrepreneur and Financial Executive whose extensive background includes
international business and global banking; developing clean renewable energy opportunities; commercial
and residential real estate development; and hotel and commercial retail operations. He was the founder
and CEO of DS WORLD SENTRY, an international firm that provided specialized equipment and services,
primarily to the Oil and Gas Industry in Kurdistan, Iraq. Utilizing a network of close worldwide contacts
and suppliers developed over the last two decades, Draper managed projects throughout Europe, the
Middle East, South America, and Africa. Products include communications devices, explosive detection
equipment, mobile medical clinics, ambulances, and security x-ray scanners to name a few. Mr. Draper
also developed landfill reclamation programs and municipal solid waste to clean energy solutions thru out
the Middle East and Israel.

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James Ross – Chief Financial Officer, Pi Eco Canada.

James is a senior finance professional, focusing primarily on Recycling, Renewable Energy, Independent
Power Generation, and Environmental companies. He has a proven track record in mergers and
acquisitions, and financing companies. He has acted in the capacity of Director and Chief Financial Officer
in both public and private companies, including involvement in mergers and acquisitions, both
internationally and domestically.

Past executive positions include President - Northstone Power, VP Finance - Westlock - Algonquin Power
and Chief Financial Officer – Maxus Recycling, operating electronic recycling operations in Canada, the
United States and Mexico. Mr. Ross was also a CFO of technology companies operating in China and India,
in both telecommunications and Information Technology (“IT”).

Presently, he is also a Partner in Sage Stone, a Merchant Bank whose Principals have developed, financed,
acquired and transacted on over $3 Billion in renewable energy and power projects, and President of JSR
Capital, a Venture Capital Firm.

Charles Whatmore – General Manager Pi Eco Western Canada and Pi Eco Latin America.

Charles Whatmore is an entrepreneur with a long history in recycling businesses, Green Energy, Oil/Gas
operations and Mining. Charles Whatmore was a Founder of E-cycling Solutions
http://www.ecyclesolutions.com, which grew into the largest electronics recycler in Canada. He helped
redefine how used end of life electronics were handled in Canada and pioneered more technology-
oriented processes that have become more common in western countries.

Charles has developed several recycling businesses in the America’s and has been engaged in all aspects
of plant development. He has also partnered and invested in numerous businesses including telecom
resale, gas plant management and the building industry.

Charles has a Business Management Diploma from Northern Alberta Institute of Alberta (N.A.I.T) and
twenty years of experience operating and managing private and public companies.

Nicholas T. Canosa -- Senior Advisor

Mr. Canosa specializes in starting businesses from idea inception to a fully operational organization. He is
well known for starting niche companies and building them to a critical mass within a specific geographic
area and then exiting with either an IPO or sale to a consolidating acquirer. Mr. Canosa is proficient in
expanding through acquisition or additionally adding locations leading to a profitable enterprise.

Nick Jaksa – Vice-President of Operations and Strategic Projects

Mr. Jaksa brings a wealth of knowledge in a number of commercial and technical fields, including business
development, machinery design, optimization, and installations on a global basis. He was crucial in the
structuring of manufacturing-related joint-ventures in Korea, Thailand, Malaysia, India, and China; and
licensing of technologies in those countries, and also Japan.

Mr. Jaksa was responsible for the business operations throughout Asia while at AlliedSignal, and Europe
and South America while he was with Siemens. During his career, Mr. Jaksa lived in China from 2005 – 2008.
These highly insightful experiences will allow Mr. Jaksa to successfully lead many of Pi Eco growth initiatives.

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5. Financial Projections

The following shows the a conservative 5-year financial projection for a joint-venture company in
Vietnam. This is based on a number of assumed costs that will be discussed and adjusted as needed for a
Vietnamese location.

The financial projections are also based on a growing enterprise, beginning with a few RFP units, and
expanding to significantly more over a 5-year period. Because of the geography of the country, and
considering the large population areas in Vietnam, it is assumed that eventually, there will be several
facilities, to be defined, across the country.

These projections will be updated once the details are better defined for a Vietnam specific joint-venture
project.

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 6. Summary

This document attempts to highlight a significant environmental pollution problem caused by lack of
management of waste plastics that threaten the planet, and the efforts by Pi Eco, LLC to help eliminate
this waste by converting it into useful and valuable commodities, all while offering a lucrative business
model to ensure long-term commercial success.

Significant attributes of the Pi Eco model include:

• Each Renewable Fuel Processing unit (RFP) can produce approximately 3-4 million (dependent on
feedstock) gallons of Renewable Diesel per year and can be placed in a footprint of approximately
2,500 sq. ft. including pre-processing equipment. This compactness allows for flexible installation
options and an ability to place multiple RFP Units within limited spaces close to the source of waste
plastics.
• Each unit can process up to 48MT tons of waste plastic numbers #1-#7 per day. Each unit produces 1
gallon of diesel fuel from 10lbs of plastic feedstock.
• The RFP unit produces light distillate fuels, such as low Sulphur diesel, jet fuel, gasoline or any
petroleum distillates (referred to as “renewable fuel”). The RFP operates in a completely oxygen free
environment. With no oxygen there can be no combustion, therefore no Carbon Dioxide (CO2)
emissions are released into the atmosphere during the breakdown of the plastic.
• Our RFP unit produces zero waste by-products. The secondary products produced are a high BTU
black char which is sold on spot markets and gas which is used to maintain power and heat for the
RFP unit operation.
• The fuel produced from the Renewable Fuel Processing machine is considered a renewable diesel. It
can be used as a drop-in fuel or blended with all diesel fuels.
• Our Fuel meets or exceeds the chemical and performance characteristics of traditional petroleum-
based products as tested and verified by many labs including the Southwest Research Institute, a
leading research and testing institute in the USA.
• Our renewable diesel requires no modifications for use in any traditional diesel engines or heating oil
equipment.
• The RFP units can be configured to refine crude oil as well as waste plastic either together or
independently as a modular small-scale crude oil refinery.
• Our technology is unique in that it can process waste plastic in an extremely efficient, cost effective
and environmentally friendly manner. The total cost of production of a gallon of fuel is between
$0.35-$0.65 per gallon depending on the installation location. This fuel can be used within burners,
trucks, cars, generators and powerplants or sold on spot markets. The extremely low cost of
production combined with the high production rate creates an operation with high margins and
favorable returns on capital. If diesel fuel is wholesaling for $2.50 dollars per gallon and our cost of
production was $0.40 as an example the profit margin would be $2.10 per gallon.
• We can have multiple units fully installed and operational within 4-6 months of contract in any
approved location worldwide.
• Our USA plants have a successful commercial operational record over the last 5 years.

iBy comparison, globally, in 2015,the world uses 407 Million metric tonnes, with 302 Million ending up as waste
(https://ourworldindata.org/plastic-pollution)

ii https://www.nationalgeographic.com/environment/2018/07/ocean-plastic-pollution-solutions/

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