ENABLING THE BIO-ECONOMY

APPLICATIONS CENTER

15 T W Alexander Drive

Durham, NC 27703, USA

PROCESS OPERATIONS CENTER

5516 Industrial Park Road

Norton, VA 24273, USA

BIOTECHNOLOGY CENTER

Gnavenir 1, 1 rue Pierre Fontaine

91000 Evry, France

| www.arbiom.com2

The Current Bio-Economy Disconnect

Non-food biomass Biobased applications

High sustainability

High availability

Low revenues

Limited sustainability and

high price volatility of

source material

High value

C5; C6 sugars & lignin

Bio-based chemicals materials

animal feed

Enabling a sustainable bio-economy

Non-food biomass

Benefits

o Significantly improve the economics of lignocellulosic chemicals production,o Significantly reduce the loading and the cost of enzymes o Improve sugar and co products yieldso Avoid production inhibitorso Improve overall process economics

| www.arbiom.com4

Arbioms Value Proposition

Glucose

430kg

Pentose

195kg

Lignin

250kg

Others

125kg

Ligno

cellulose

1000kg

$0-$100 $595+

Current applications Emerging

applicationsBio-ethanol

Lactic acid

Citric acid

$127bn in 20131

Xylitol

$670m in 20132

Energy

Phenolic resins

Road binders

$300m market4

Bio-fertilizer

BTX

Carbon fibers

Activated carbon

$130bn addressable market5

Advanced fermentation

applications

Butanol

Succinic acid

Butanediene

$1,4tn bio-economy market3

1 Opportunities for the fermentation-based chemical industry Deloitte 20122 Xylitol A Global Market Overview - Report buyer 20133 The Advanced Biofuels and Biochemicals Overview - Silicon Valley Bank 20124 Transparency Market Research5 High value opportunities for lignin Frost and Sullivan 2012

| www.arbiom.com5

Arbioms Protein Production

Cell

growth

MediaC5, C6,

phosphates

650kg

Ligno

cellulose

1000kg

Protein

rich

(60%)

Animal

Feed

335kg

Fractionation

+ HydrolysisLignin burned for energy

Yeast growth

+ separation/drying

| www.arbiom.com6

Patented bio-compatible technology

Bio-fertilizer

C6 sugars

C5 sugars

Lignin

Biorefining technology developed by a biotech companyRespect of the value of living material: low temperature, phosphoric acid

Low temperature preserves all components of the biomass

Phosphoric acid lowers enzyme cost and maximize compatibility

Compatible with wide array of lignocellulosic materials

Lignocellulose

EnzymesPretreatment

Classic 2nd Gen ARBIOM

Severity High severity>150C, entails chemical degradation

Low severity

| www.arbiom.com8

De-risk DevelopmentArbiom plateform can be used in various process steps for optimal results in

conversion of lignocellulosic material to value-added chemicals.

It is the first taillored solution designed to improve the performance of strains

and to optimize the overall economics of bioprocesses

| www.arbiom.com9

LocationsUSA Applications Center

Durham, NC

USA Process Operations Center

Norton, VA

France Bio-Technology Center

Evry, France

Feed applications from non-food biomasso Inhibitor less cellulosic sugars with traces of phosphate are a

perfect substrate to optimize the growth of non GMO single cell

proteins.

o High yield, low footprint proteins for animal feed

o Perspective for L Lysine and Methionine optimized proteins

Consolidated bio-processo Amorphous cellulose is easy to hydrolyze: single organism can

combine both hydrolysis and conversion operations

o Demonstrated in lab on lactic and succinic acid

| www.arbiom.com10

Technology Projections, new value

creation

| www.arbiom.com11

Business Model 1/2

Licensing of technology Bio-refineries (co)-operation

Revenue ModelSale of licenses

Sale of consumables (enzymes)

Deployment services

Sell of bio-based intermediates

produced by biorefineries (co)

developed and owned by Arbiom

Clients

Biomass producers (agriculture and

forestry)

Biomass stakeholders (pulp an

paper, energy)

Fuels and chemical industry

players intending to secure

biobased sourcing

Biobased chemicals, fuels and

materials applications operators

Capital

requirements

-

(supported by third party)

++

(financing of industrial units)

| www.arbiom.com12

Business Model 2/2

250kt Bio-refinery

CAPEX $174M

OPEX $71M/year

Revenues $149M/year

Operations

Invested capital $70M

Debt $104M

EBITDA $78M/year

NPV $531M

IRR 36,4%

Technology licensing

License $11.2M

Rev engineering $3.5M

Rev enzymes $8M/year

Arbiom will also engage in structuring

projects for 3rd parties (securing of sites,

permitting, applications) that will increase

the value of the license

Set up strategic partnerships with

suffering biomass stakeholder

Construction of 5kt/year integrated plant

(showcase, revenue generation and

application scale up support)

Structure application platform to secure

downstream application

Design of 40kt/year plant

| www.arbiom.com13

2015-2016 Operations Plan

Continued operation of 5kt plant for: - commercial demonstration for bio

chemical industry

- production of high value feed product

Design of 40kt plant for production C5 Lignin and high value feed product.

First license sale to strategic partner

Secure new customers.

| www.arbiom.com14

2017 Operations Plan

Arbiom is currently raising funds for expanding Arbiom novel biorefinary proposition and expand globally both itstechnology and the sales of high value biobased product.

Arbiom plans to build the first production plant for the processing of woody biomass and the production of a proprietary stream of highly fermentable carbohydrates and high quality lignin.

The carbohydrates of the plant will be transformed intohigh value feed products for the essential nutrition need of the world.

| www.arbiom.com15

Key element of Arbiom business

plan.