M0 e 01-2011 asr-technologies

BUSINESS PLAN TO 2012-2016Industrial Patents: ES-P200702795 / P200902024 / Patented Utility model: ES-U201000987

&

PCT-201001326

Arboreal Seed Receptacle (ASR)

The (R&R)Revolution in Reforestation

0 Executive Summary 1 Description of the company.

1.1 Overall business characteristics 1.2 Goals to be achieved by the project and geographic area.

2 Product & Service Description 2.1 ASR Characteristics 2.2 Target market & Sales

3 Competitive Analisys 3.1 Distribution channels 3.2 Distribution cost comparative. (Actual method → ASR) 3.3 Productive processes

4 SWOT Analysis 4.1 Opportunities Strengths 4.2 Weaknes sthreats and oppportunities.

5 Balance, P&L 5.1 Balance 5.2 Proffit & Loss

6 Verify

0 Executive Summary

ASR-Technologies Business Plan All right reserved / Tuesday, October 25, 2011

Normalized EIC document ISO 9100:2005 No: M0E/01/2011. App:01/01/2011

Tittle: ASR Technologies Business Plan 2012-2016M0E: Management Report - English01 : Business&Strategic-Plan / Period 2012-2016 Page 1 of 18

This is the executive summary of ASR-Technologies. A company dedicated to the manufacture and sale of Tree Seed Receptacle (ASR – Arboreal Seed Receptacle, in English) and the Engineering and Manufacturing License of machinery, consumables and accessories for commercial and effectively.

THE EXISTING PROBLEM. Each year they are planted worldwide 4 Billion Tree. Currently, reforestation efforts are profitable, but involve a number of jobs during the planting, growth and consolidation make the replanted forest involves extra expenses and lost, depending on the technique employed, the fauna, the diseases, and dryness of the land itself and the adaptation of plants to the new location.

The proposed system involves a substantial improvement in the overall success of the plantations and a major reduction in those costs. The savings proposed by the ASR system is between a minimum of 3.5 € per tree planted, which corresponds to a 60% savings and an average of 30 € per tree cut, corresponding to 80% savings, compared to costs traditional. In this way we ensure the election of ASR, in all cases, because it will become a standard advocated by international patents and a relatively aggressive pricing policy to avoid competition and the respective court fight for the rights of exploitation.

THE ASR SYSTEM. Listed patents describe a receptacle and a very novel techniques, developed and tested over the past 15 years in Spain, the project developer. Field tests and knowledge provided by the tests at all levels, have resulted in a revolution in the field of reforestation.

The proposed system the following impact on the profitability of logging:◦ 100% success of the plantation against 90% of traditional media.◦ 99% survival after 5th year against 90% of the traditional ones.◦ Least 4 € Reduction in the costs of planting.◦ Average 20 € Reduction in costs of treatment during the first 5 years.◦ Improving the quality of wood plantation wood (construction quality or features) to avoid large

knots or defects on the trunk generated in the first years of life of the trees.◦ Improved average growth rate of 10%.

COMPETITIVE ADVANTAGE. Patents and 16 years experience in the development of ASR, is the main competitive advantage. Also, ASR-Techologies invest in improving existing international patents on the parallel developments of machinery and methods of reproduction reproductive cloning.

The importance of international patent is basic and therefore the PCT has dealt with recently. At the time, it raises its short-term improvement in order to protect the invention before the release of the complete set: Receptacle and Machinery. June 2013 is the date for the release.Before that investments will focus on international development and patenting of all the machinery needed to use the ASR during 2012. Production lines and machinery ASR accessory will be built during 2013. The first orders will be accepted in September the same year 2013.

THE BUSINESS MODEL. The R & D in the field and specifically in the forestry sector are basic in the approach of this company, it will have a specific department for this work in collaboration with R & D-EIC. EIC's commitment focuses on the availability of physical means to supply most of the parts needed to manufacture the machinery that allows the use of ASR in the field and in nurseries. Most of the pieces will be performed between ABGQuartz and Pindus, in addition to the active participation of R & D-EIC in the development and engineering of the machinery that must be deployed to customers for the exploitation of container.

ASR-Technologies Business Plan All right reserved / October 25, 2011



ASR-Technologies Business Structure




1 Description of the company.

1.0 Overall business characteristics.

ASR is an industrial company. Not intended to compete in the reforestation of forests or in the field of agriculture or forestry. It is purely a manufacturing company in the forestry sector. The synergies with the rest of EICs are direct projects to production level. While not sharing research-based commercial channel or at its root, its industrial development and level of equipment is large enough to achieve savings and economies of scale within EICenter. The company intends to develop its activity showing a clear difference between the actual process of planting trees in forestry and the model proposed by the invention of Arboreal Seed Receptacle.

ASR-Technologies is the company that sold the Tree Seed Receptacle worldwide and exclusively, through the PCT, at a minimum of 500 million units and a maximum of 3,000 million units. With a net margin of at least one euro per unit.

Also develop, produce and license the necessary machinery for the use of ASR. To which will create a series of intellectual barriers, commercial and strategy to protect the business as long as possible or in a dominant position.

To develop the business is necessary to develop machines that allow manipulation of the receptacle in an automated way. The main purpose of this paper is to show a clear difference between the current and proposed methodology for the ASR system. Making this distinction is the basis of the division of business in three business areas:

1.0.0 MAN-ASR: MAN-ASR: Responsible for the manufacture of ASR in a series of hundreds of millions a year. The ASR is certified in field trials in warm, humid climates in northwest Spain. As commercial exploitation will be based initially in places where the climate is similar to the tests. In drier climates change its structure slightly, although responsible for this development will be another division of the company. MAN-ASR is only the manufacturing company.




BARRIERS AGAINST POSSIBLE COMPETITORS.

• 4 PCT and patents registered in Spain as well as international patent developments in the pipeline.

• 16 years of development and testing of ASR. • Agreements prior to the release of the ASR , with large seed production companies

for commercial exploitation through their sales channels.• Accessory equipment for the use of ASR and its high degree of automation and

different versions.• Deals in china for its "market particularly vulnerable" with a view to the Pre-

production of ASR in China preventing the export and production, to the extent possible, the machinery inside the country.

• Certification all trials , past and present and future, through a forest company certification.:http://www.es.fsc.org/

http://www.es.fsc.org/

1.0.1 MAQ-ASR: Responsible for the production of the three machines under the first phase, for the use of ASR in the various fields for which they have to pass in its chain of handling:

• NURSERY: In this phase, the nursery receives palletizing receptacles designed for direct manipulation by the machine SPN (Nursery Plant Seeder). This machine, whose proposed name is SPN, will cost approximately € 100,000 and your target market are the nurseries, both independents and those belonging to large reforestation. This machine's processing plant ASR (Nursery), do the work that needs accessories ASR preparation while placing pre-germinated seed and placed in the boots specially designed for the next machine.

For the treatment of this machinery are required to design the following elements:

1. PALLET special burden of SPN.2. SPN and its supplies, insecticides, substrates, or organic,

biodegradable plastics, etc.3. CHARGERS / palette for the FHP. (C-FHP).

• FIELD: In field two different machines are required to work with the ASR. The first to place and second to treat plants 5th Year.

1. FHP: The first of these machines is the FHP (Forest Head Planter or Implement Planter). This head is a standard element for different hydraulic arms that can be used with different forest machines. It may even be a receptacle placement of the vehicle in motion, without mechanical or hydraulic arm. This machine herbicide cleanse an area of one square meter or so and put them by simply pressing the receptacle fully prepared and filled with water. This machine can be designed in the form of implement to be placed behind a tractor or trouble spots, such as head to the hydraulic arm.

2. TTB: The second machine to be used is the bag handler, but not yet shaped this machine because it is to inject a "poison" in the remaining trees to 5th year. This treatment coincides with a pruning, so that one person can perform this treatment while pruning. The branches should be pruned to 5 th year of life of the trees grown on the ASR would be very weak, with which this work could be done with the pruning knife and pneumatics. This possible air bag can help the placement of lethal injection for the remaining trees, be used to treat the tree outline herbicide and other tasks that may require compressed air. The name of this machine is TTB (Treat Tree Backpack).

1.0.2 BET-ASR: Responsible for the development and improvement of ASR, testing of materials, substrates, fertilizers, insecticides, etc. And certification for use with ASR.




Continuous improvement of the ASR is a fundamental pillar for the success of this system. Tree planting in semiarid areas is a pending development of ASR. Also, given the long trial period specified by these developments and in some cases can reach 16 years, as is the case, BET-ASR will focus on the development of other new elements in the forest area and studies and environmental projects for EIC and its subsidiaries.

1.1 Goals to be achieved by the project and geographic area.

The date marked the release of the ASR and ancillary equipment is June 2013. Coinciding with the largest forest in the world fair held in Helsinki. On that date production facilities must be completed and the final prototype should be fully developed. Still, the first orders will not be served until the First of January 2014, certain date and delivery time guaranteed. Although previous dates could be delivered. There are intermediate dates fairs which are also attending as exhibitors and attracting the first orders. While the ultimate business strategy will depend on agreements with large distributors and seed or multinational companies, among which are the following:

http://www.limagrain.com/ http://www.vilmorin-semillas-de-arboles.com/

Almost two years are required to have full production line-up for the first orders. Time during which the marketing strategy will focus on ensuring attendance at trade shows, web pages and other documentation to be released in June 2013 and as sane goal reaching collaboration and distribution, and research and development of ASR and ancillary machines with seed companies.

Thus the world is the market potential for ASR, except China, which come from the hand of a Western company, based in its territory, if possible, in order to safeguard the interests of ASR.

Compliance goals and moments.

▪ Sales of more tan 50 million receptacles the first year of marketing. ▪ Sales receptacles 500 million the fifth year of marketing. That it is, only, with 12.5%

actual market share worldwide. ▪ Sales of more tan 100 nursery planting machines SPN 2014.▪ Sales of more tan 200 heads or tolos planters FHP in 2014. ▪ Sales of more tan 100 backpacks trafficers or TTB in 2014.▪ Net income of more tan 500 million Euros in the fifth year.

These sales figures come from the following sources:

▪ 4,000 million trees planted in the world annually. The market share of the first year would be 1.25% with total sales of 50 million containers.

The Occupation of these receptacles is approximately:




http://www.vilmorin-semillas-de-arboles.com/

http://www.limagrain.com/

▪ 50M - ASR(0.4x0.25x0.03m) = 112.500m3. Occupation 100x100x11,25hm. 1.125m3 of the occupation of ASRs for each of the 100 machines sold the first year:

▪ The nursery needs a ship to treat this amount 20x15x3hm four rotations and approximately 110 articulated lorries full of 16x2, 5x2, 5m = 100m3.

▪ ASR-Technologies move a total of 1,100 trucks complete with ASR 2013 and another 100 with machinery. A total of 1,200 truckloads of 100m3 in 2013 and 10 times more in 2018. This means that MAN plant in 2013-ASR will complete two trucks a day or two containers. In 2018 20 containers or trucks will of 100m3 per day.

▪ A receptacle processed every 2 seconds on each machine drill: SPN

Under this premise temporal and mechanical, a machine could process 1800 containers per hour with 8 hours of work per day and within a month of work: 275,000 ASR processed and packaged. With a net margin for the nursery of more than € 0.03 per ASR sold to reforested. In two months of work, these 100 machines placed in the nursery have been sufficient to process the ASR 50 million sold. While such use is determined by the ASR own logistics, space and the ability of its customers.

▪ Receptacle processed every 5 seconds on each machine planter: FHP.

Every implement or head planter has a much lower productivity of the machine to drill, although the field work involves the logistics of such an amount of ASR, is the biggest problem facing the reforested.

The organization of power to the FHP should be based on the movement of other machines that allow the pallet directly place especially designed to organize and recycle the magazines and the ASR fed directly to the FHP. So you can create a pallet loader. Although the method is ultimately the responsibility of the team of R&D-EIC.

A pallet of 2.4 m height and size of European 120x80 that can hold about 1,000 .- ASR. In 1 hour and 45 minutes would be planted in the 1000 ASR that pallet. Ie, 4,500 .- ASR turn planter and peak performance.

100 working days with the planter FHP translate into 450.000.-ASR placed in the field. While the problem to achieve this performance is not the machine, if not the logistics of the ASR, the terrain and many external factors.

▪ The Number of Treat Tree Backpacks (TTB) traffickers depend on factors other than ASR because its use would not be necessary in the ASR method, until the fifth year. Therefore, it is important to seek alternative and complementary uses in the forest or agricultural field of TTB.




Each machine SPN nursery provides a net margin of € 150,000 / year on 500.000.-ASR, with an investment of 100,000 €.

Each re-forester machine FHP provides a net margin of € 225,000 / year on 450.000.-ASR, with an investment of 130,000 €.

2 PRODUCT & SERVICE DESCRIPTION

2.0 ASR Characteristics.

The ASR is a simple case of a biodegradable plastic with different internal designs adapted to the seeds or clones may contain. The way you put it in field is the pressure on land. It is a device that allows you to place pre-germinated seeds directly in the place where they will grow. Which avoids, as the first factor, the problem of adaptation to cause a permanent place to direct and definitive low about 5%.




TRADITIONAL FORESTER METHOD.

1. Clone placement or pre-germinated seeds in the nursery on the substrate. This operation is usually mechanical.

2. The seed becomes a plant for 2 years with a low average of 5%3. It paves the way for reforestation. Usually with "Ripper".4. Plant the root ball is planted in the field manually.5. Back one year after planting to eliminate competition and restore failed trees thees.6. After two or three years the start of the planting in the field, placed guards to prevent

the attack of ungulates (deer) and wild boar.7. After five years there is a competition cleansing treatment, pruning and pesticides.

PERMANENT LOSS OF 15% THE COST IS ~4.80€ per tree planted successfully at the end of the year 5th

(2) Eucalyptus nursery with root ball

Boars Damage

(3) Preparing the ground with "Ripper"

(6) Ungulates Protectors




ASR METHOD .

1. Clone placement or pre-germinated seeds in the nursery with the machine automatically SPN in the ASR.

2. It paves the way for reforestation. No need to "Ripper". 3. ASR is placed with the seed and fully treated and prepared by the FHP

machine, automatically.4. After five years, there is a competition cleansing treatment, pruning and

pesticides with backpack TTB. NO LOSSES. THE COST IS ~ € 1.50 per tree planted successfully at the end of year 5.

NO LOSSES.THE COST IS ~1.50€ per tree planted and successfully at end of 5th year.

(2) Land prepared for the ASR ASR Laboratory at 3-4 months

The receptacle provides 3-4 trees5th year remaining trees are removed with the TTB and they protect the other.

The ASR method is unimaginable, unique, original and successful tree protects the eliminated through all kinds of animal attacks.

The trees grow faster and protective nutrients are returned to the land and the cost savings is obvious to obtain 100% success.

2.1 Target market & Sales

The target market of the ASR are reforestation, although we have to pass through to the nurseries and seed companies. In this reverse order. In some cases the same companies settlers have nurseries in large areas. Sometimes a nursery occupations are higher than 500.000m2, due to the demands of plants and preparation time. These infrastructures are very expensive and very large, both in maintenance and in irrigation infrastructure, material handling equipment, lighting, surveillance, treatment with various pesticides, etc. That infrastructure is not required with the ASR.

Tree seed companies, meanwhile, see their potential market shifts to the clones, with higher yields and better specialized for the production of specific type of wood you need. The ASR is the response of all participants to cost savings. The biggest one of the most important nursery for ASR. While the direct implications for multinational companies manufacturers of tree seeds to be used by ASR to enter the market quickly and definitively.

For these reasons, the price of all elements involved in ASR (ASR ASR and Machine) must be evaluated with a financial nature that influences the savings generated in the entities involved in the reforestation process and should not focus on the true cost of production. This will achieve the greatest possible benefit for ASR.

SALES GOALS




From 4,000 million trees planted in the world to year 2018, ASR will cover 10% of total market share, with 500 million sold by year to Big reforestation & Nurseries around

the world. Sales through the channel of multinational marketing of seeds.

YEARS 2012 2013 2014 2015 2016 2017 20180 0.1 50 100 200 330 500

SPN 0 2 100 200 400 600 1000FHP 0 5 200 400 700 1100 2100TTB 0 0 100 500 800 1500 5000

ASR U·mln

2012 2013 2014 2015 2016 2017 20180

1000

2000

3000

4000

5000

ASR U·mlnFHP

PRODUCT SALES

ASR U·mlnSPNFHPTTBU

NIT

S

MARKET GOAL: 10% → 2018

SALES GOAL: ~€1.000mln → 2018




YEARS 2012 2013 2014 2015 2016 2017 2018ASR U·mln 0 0.1 50 100 200 300 500

World Trees 3,800 3,914 4,031 4,152 4,277 4,405 4,537

2012 2013 2014 2015 2016 2017 20180

1000

2000

3000

4000

5000

ASR U·mln

MARKET GOAL

Millions of Units

ASR U·mlnWorld Trees

2012 2013 2014 2015 2016 2017 20180

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

TTB TurnoverFHP TurnoverSPN TurnoverASR Turnover

EU

RO

S

3 COMPETIVIVE ANALISYS.

3.0 Distribution Chanels.

ASR-Technologies offers two complementary product lines destined for the sole purpose, which is selling Tree Seed receptacles The first is the same receptacle and the second is the machinery necessary for its operation

3.0.0 Machinery to exploit ASR

The machinery needed by the ASR would be designed and built by ASR-Technologies. The aim is to license much of the production of this machinery in order to cover the largest market share possible. So making more than 70% of the machinery that is sold must be licensed after the first year of marketing.

3.0.1 El ASR

ASR trade margin is huge and more than 15,000% over the price of production and distribution. With this large margin based on the patent, the danger of intrusion is very large. Although continuous improvements in patent filings and preparation capacity of intrusion may be deducted, but not completely eliminate, especially at low levels of control To avoid the inevitable intrusion arise partnerships with manufacturers and distributors of seeds. These partnerships allow the market self-protection because the seed will produce an ally in the ASR to increase their market share. It is also possible that these companies can see how profitable the ASR that either try to copy or buy it.

In the case of purchase price will be valued by an independent company through an exchange of shares with the buyer, which could, in fact, be absorbed by ASR.




2012 2013 2014 2015 2016 2017 20180

200000000

400000000

600000000

800000000

1000000000

1200000000

NET PROFIT & PRODUCTION COSTS

TTB Net Producion CostTTB Net ProfitFHP Net Production CostFHP Net ProfitSPN Net Production CostSPN Net ProfitASR Net Production CostASR Net Profit

In the copy, there are two scenarios:

▪ Copy of the ASR by small nurseries or small reforestation.

This is one of the threats that could control the distribution channel while being shared with a company that produces seeds. The same sales channel can communicate and control, relatively, this intrusion.

By the time a copy is found try to reach an agreement with the producer for the destruction of molds and copies, before continuing with the process of reclaiming the intellectual property through patents.

This small-scale intrusion inevitably exist.To combat it must be a number of inspectors who in turn fulfill the role of outcome assessors in different farms in order to create a communication channel between end exploitation and the manufacturer or licensee of the ASR.

In any case, any operator who works with the ASR must sign a very restrictive clauses of use, data confidentiality, barring further use of other similar or can be created, and somehow, to replace the ASR.

▪ Copy of ASR by large nurseries or large reforestation.

In this case the intrusion is more difficult to carry out due to the complexity of the decisions of a large company. It is more likely a court battle based on patents or inventions, which simply copying the container or its accessory equipment.

Distribution channels of ASR and machinery will be shared with manufacturers and distributors or large multinational seed whose market is already consolidated in recession due to the expansion of cloning techniques in the nursery.

DISTRIBUTION CHANEL




3.1 Costs Comparative.

This table compares the costs of the traditional method with respect to the costs of the method proposed by ASR. The data come from outlets ARZA engineering objective during 1995 to 2011.

REFORESTATION COSTS COMPARISON CHARTASR SYSTEM AS TRADITIONAL METHOD.

3.2 The productive process.

Each product line has its production line within a quality standard ISO-9100, which is assumed by the aerospace industry and much higher than the ISO-9001 Automobile Industry.

EIC Corporation, in full, shall be certified for ISO9100: 2005.




ASR0.35 0.19

1 00.005 0.050.03 0.040.05 0.06

0 0.50.45 0.90.1 0.14

0 0.020 0.020 1.50 0.3

0.55 0.62

CostsConcept RootBall

ASR components/Root ball.ASR trade marginNursey facilities amortizationOther facilities costsLogisticsQuality tree flow.Site preparation to tree plantingTree plantingPlanting season costs relatedFeltilizationTree trunk protectorTrees replacement at 2nd yearMaintenance until 5th year

3.2.0 The machinery to exploit the ASR: ASR-MAQ

• MACHINERY DEVELOPMENT:

Within EICenter, R & D-EIC is responsible for the development of additional machinery to ASR process engineering with a high degree of automation through a powerful software for virtual prototyping machinery at all levels. After this computerization, the models pass the workshops and Pindus ABGQuartz respective prototype model for real. This raises the use of SolidWorks software for this development of R & D to the level of quasi-final prototype.

1º.- IDEA & Design with SOLID-WORKS into R&D-EIC.2º.- PROTOTYPE through the works done in PINDUS y ABGQUARTZ.3º.- Production pass trough →

• PRODUCTION EQUIPMENT:

All parts come ready to assemble and pack the production and assembly line according to ISO-9100 and 9001. The external parts received from suppliers under ISO 9001. And the parts processed by EICenter production centers ABGQUARTZ & PINDUS under ISO 9100.

Solid-Works software allows a high degree of data exchange with other software on production elements, with a high degree of automation in certain preparatory work pieces. Thus, steel cutting, treatment positions and automatic welding galvanized or zinc and / or powder coating (powder-coating) may be automated requests from the line with the productive world class facilities Pindús & ABGQuartz built in the preparation of parts and industrial coating them.

• LICENSING PRODUCTION:

Allow other manufacturers supply the market of machinery needed by the ASR is necessary for two reasons:

◦ Increase the chance of business success posed by ASR

◦ Reach markets not raised in the marketing channel planted by seed companies, mostly multinationals.

The licensee will manufacture the product once it hits the market in full production, and more specifically, in January 2014. As long as the PCT are fully processed, for which will initiate at least a year earlier, on the automated design software and product engineering and production of R & D-EIC.

Will graduate at least two manufacturers of high level. Preventing entry to the rest of the production through patents.




3.2.1 El ASR

The production of the ASR is relatively simple:

▪ In a production line, a series of aluminum molds made by ABGQuartz go through an induction furnace, hot are coated with a biodegradable plastic of about 2,000 gauges and the outer casing is formed with a punching back through leftovers edges cutting a mold shaped group. Then placed inside another plastic piece and a piece of metal through a robot designed for that purpose. So the socket is finished after palletizing would be ready for transport.

With this simple process of production, the number of units produced per hour should be around the 60,000 ASR to stock production 500 million in 2018.

Given the simplicity of manufacture is designed production machines on learning more of the above. R & D-EIC will begin with a production of 15,000 pieces per hour, then going to 30,000 pieces an hour to finish with a machine that offers the 60.000ASR/Hora needed to cover the 500,000 million units.

In this way the two remaining machines provide a safety cushion against demand special moments, breakdowns or bottlenecks in the production plant and even a possible increase in supply over holiday periods, shift work or outsourcing cheaper in countries with cheap labor.

4 SWOT ANALISYS

4.0 Strengths and opportunities

▪ Seed companies are very interested in this development of ASR. ▪ The trade margin is based on PCT of 15,000% on the price of manufacturing the

ASR. ▪ EIC supports with its ancillary industry: R & D, EIC, ABGQuartz and Pindus,

development and manufacture of ASR-Technologies. ▪ EIC Group would be able to absorb the ASR project risk. ▪ The possible competition is very segmented and use another method entirely

different and far more expensive based on the root ball.

4.1 Weaknesses and threats

▪ Low ASR performance level over large areas. ▪ ASR involves new techniques and machinery that we develop and test. ▪ There is a high risk of rejection of the techniques used ASR, as too revolutionary. ▪ The deadline for the development of the productive system ASR and the ASR

accessory machines in Nursery and Field, is only 18-20 months. ▪ The PCT has begun to process two months ago.




5 Balance, P&L & Sales

5.0 Balance




BALANCE SHEET 2012 2013 2014 2015 2016ASR-Technologies 2012-2016 YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4CURRENT & FIXED ASSETSA) Non Current Assets 15.960.000 € 15.650.000 € 15.650.000 € 16.300.000 € 22.050.000 €

I.- Intangible assets 10.000 € 100.000 € 100.000 € 100.000 € 100.000 € II.- Tangible assets 2.000.000 € 9.500.000 € 11.900.000 € 12.500.000 € 15.200.000 € III.- Real state investment 700.000 € 700.000 € 800.000 € 850.000 € 900.000 € IV.- Long-term Investmet in group companies or associated500.000 € 1.500.000 € 2.000.000 € 3.000.000 € V.- Long-Term Financial investment 13.250.000 € 4.850.000 € 1.350.000 € 850.000 € 2.850.000 € VI.- Assets in referral of taxes - € - € - € - € - €

B) Current Assets 2.150.000 € 3.460.000 € 13.660.000 € 28.970.000 € 59.840.000 € I.- Non Current Assets held for sale - € - € - € - € II.- Inventories / Stocks 60.000 € 260.000 € 460.000 € 660.000 € 1.460.000 € III.- Accounts receivable net 100.000 € 100.000 € 10.000.000 € 25.000.000 € 50.000.000 € IV.- Short-term investments in group companies or associated - € - € 100.000 € 100.000 € V.- Short-Term Financial investment 1.000.000 € 100.000 € 200.000 € 200.000 € 900.000 € VI.- Short-Term accruals - € - € - € - € - € VII.- Cash & Cash equivalents 990.000 € 3.000.000 € 3.000.000 € 3.010.000 € 7.380.000 €

TOTAL ASSETS (A + B) 18.110.000 € 19.110.000 € 29.310.000 € 45.270.000 € 81.890.000 € LIABILITIES & SHAREHOLDER'S EQUITYA) Shareholder's Equity 17.750.000 € 17.750.000 € 27.750.000 € 32.750.000 € 47.750.000 €

A1) Own Founds 17.750.000 € 17.750.000 € 27.750.000 € 32.750.000 € 47.750.000 € I.- Common Stock 17.750.000 € 17.750.000 € 17.750.000 € 17.750.000 € 17.750.000 € II.- Prefered stock - € - € - € - € - € III.- Retained Earnings - € - € 5.000.000 € 10.000.000 € 20.000.000 € IV.- Treasury Stock - € - € - € - € - € V.- Foreign currency translation adjustment - € - € - € - € VI.- Other equity contributions - € - € - € - € VII.- Year Profit 700.900 €- 211.220 €- 50.200.220 € 104.104.388 € 150.165.021 € VIII.- (intrerim dividend) 700.900 € 211.220 € 45.200.220 €- 99.104.388 €- 140.165.021 €- IX.- Other equity - € - € - € - € - €

A2) Adjustments / Others - € - € - € - € - € A3) Grants & donations - € - € - € - € - €

B) Liabilities 50.000 € 960.000 € 1.160.000 € 2.000.000 € 3.000.000 € I.- Long-Term Amount Written off 50.000 € 960.000 € 1.160.000 € 2.000.000 € 3.000.000 € II.- Long-Term Debt - € - € - € - € - €

1.- Ba nk Debt - € - € - € - € - € 2.- Leas i ng Debt - € - € - € - € - € 3.- Other Long-Term Debt - € - € - € - €

III.- Group Companies or Associated Long-Term Debt - € - € - € IV.- Deferred Tax - € - € - € - € - € V.- Other Long-Term liabilities - € - € - € - € - €

C) Current Liabilities 310.000 € 400.000 € 400.000 € 10.520.000 € 31.140.000 € I.- Liabilities associated with non-current assets held for sale - € - € - € - € II.- Short-Term Amount Written off 10.000 € 100.000 € 100.000 € 120.000 € 140.000 € III.- Short-Term Debt 300.000 € 300.000 € 300.000 € 400.000 € 1.000.000 € IV.- Group Companies or Associated Short-Term Debt - € - € - € - € V.- Accounts payable - € - € - € 10.000.000 € 30.000.000 € VI.- Other Short-Term liabilities - € - € - € - € - €

TOTAL LIABILITIES & EQUITY SHAREHOLDERS (A + B +C)18.110.000 € 19.110.000 € 29.310.000 € 45.270.000 € 81.890.000 €

5.1 Loss & Profit (L&P)

6 VerificaciónThis document has been produced on the ISO9100:2005. All rules and standards referred to are implanted in the process of quality control of ASR-Technologies™ and verification, calibration and certification processes.

Author - EIC CEO: Eduardo Luis García. Tuesday, October 25, 2011Translator to English: Jean Antonie Barco & Arles Alzante. Tuesday, October 25, 2011Patents Author: Miguel angel Rois Villa Tuesday, October 25, 2011 [email protected]




SALES 2012 2013 2014 2015 2016 2012-2016 AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4A) CIFRA NETA DE NEGOCIOS - € 985.000 € 103.650.000 € 207.750.000 € 402.200.000 €

I.- Arboreal Seed Receptacle (ASR) - € 135.000 € 67.500.000 € 135.000.000 € 270.000.000 €

II.- Seeder Plant Nursey (SPN) - € 200.000 € 10.000.000 € 20.000.000 € 40.000.000 €

III.- Forest Head Planter (FHP) - € 650.000 € 26.000.000 € 52.000.000 € 91.000.000 €

IV.- Tree Treat Backpack (TTB) - € - € 150.000 € 750.000 € 1.200.000 €

Profit&Lost Statement 2012 2013 2014 2015 2016

ASR-Technologies YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4

D H D H D H D H D H

1.- Net turnover - € 985.000 € 103.650.000 € 207.750.000 € 402.200.000 €

2.- Changes in inventories 60.000 € 200.000 € 200.000 € 200.000 € 800.000 €

2.1. Finished products. 30.000 € 100.000 € 100.000 € 100.000 € 300.000 €

2.2. Products in progress 30.000 € 100.000 € 100.000 € 100.000 € 500.000 €

3.- Own work, for in fixed assets - € - € - € - € - €

4.- Procurements 340.900 €- 706.220 €- 45.009.780 €- 69.105.868 €- 188.338.479 €-

5.- Other operating income 10.000 € 10.000 € 10.000 € 10.000 € 10.000 €

6.- Staff cost 210.000 €- 400.000 €- 1.850.000 €- 2.950.000 €- 3.965.000 €-

7.- Other operationg expenses 750.000 €- 750.000 €- 1.550.000 €- 2.250.000 €- 2.500.000 €-

8.- Depreciation and amortization 20.000 €- 100.000 €- 350.000 €- 550.000 €- 600.000 €-

9.- Allocation of grants to non-financial assets - € - € - € - € - €

10.- Excess provisions

11.- Impairment and loss on disposal tangible and intangible assets

A) OPERATING PROFIT (1+2+3+4+5+6+7+8+9+10+11) 1.250.900 €- 761.220 €- 55.100.220 € 133.004.132 € 207.506.521 €

12.- Financial income 550.000 € 550.000 € 100.000 € 50.000 € 500.000 €

13.- Financial expenses - € - € - € - € - €

14.- Change in fair value of financial assets

15.- Exchanges differences

16.- Impairment and loss on disposal of financial assets

B) FINANCIAL PROFIT (12+13+14+15+16) 550.000 € 550.000 € 100.000 € 50.000 € 500.000 €

C) PROFIT BEFORE TAX (A + B) 700.900 €- 211.220 €- 55.200.220 € 133.054.132 € 208.006.521 €

17.- Income TAX - € - € - € 23.949.744 €- 47.841.500 €-

D) PROFIT (C + 17) 700.900 €- 211.220 €- 55.200.220 € 109.104.388 € 160.165.021 €

Net turnover - € 985.000 € 103.650.000 € 207.750.000 € 402.200.000 €

IRR 101,58% due 6 years 01/01/12 31/12/12 31/12/13 31/12/14 31/12/15 31/12/16

NVP 244.312.080 € due 6 years 17.750.000 €- 700.900 €- 211.220 €- 55.200.220 € 109.104.388 € 160.165.021 €

IRRe 94,30% due 6 years/e 17.750.000 €- 700.900 €- 211.220 €- 45.200.220 € 99.104.388 € 140.165.021 €

EBITDA 1.300.900 €- 871.220 €- 55.240.220 € 133.444.132 € 207.396.521 €

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