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Vive Overview - April 2016
- 1. Proprietary & Confidential1 ViveCrop Protection Inc. Overview April 2016
- 2. Proprietary & Confidential2 Makinga new possible in crop protection • Privately held agtech company that renovates existing pesticides • Uses Allosperse delivery system that is covered by 44 patents and 46 patents pending in 10 families • 36 employees, 20 scientists and engineers • EPA registration received • Production facility scaled and running Vive Crop Protection
- 3. Proprietary & Confidential3 StrongManagement Team Keith Thomas, BASc, MA, MBA - Chief Executive Officer ➢ Over 24 years of financing, restructuring and management experience, sold Vector Innovations for 5x return Ken Yoon, BSc, LLB, MBA, CA, CPA - Chief Financial Officer ➢ Over 18 years in the finance, accounting and consulting fields, Ernst & Young, Vengrowth Darren Anderson, PhD – Chief Communications Officer and VP, Regulatory ➢ Founding president of Vive, author of 13 issued patents and 35 pending applications Paul Thomson – VP, Product Development ➢ Senior Product Development with 30+ years industry experience Tony Zatylny, BSc (Ag) – VP, Business Development – NAFTA ➢ 32 years of crop protection sales experience at Amvac, Arysta and Dow Skip Campbell, MBA – Chief Commercial Officer and VP, M&A ➢ M&A and financing investment banking, high tech experience, venture capital and consulting background Flavio Campagnaro, BASc, P.Eng. - Chief Manufacturing Officer ➢ Over 20 years of process design, manufacturing and project management experience
- 4. Proprietary & Confidential4 StrongCorporate Governance Charles Fischer Former CEO of Dow AgroSciences William Lambert Former Partner at Birch Hill Equity Partners Warren Libby Former President of Syngenta Crop Protection Canada Mark MacDonald, ICD.D. Former Vice President at Ontario Teachers’ Pension Plan Board Neil Reid, Ph.D., Chair Co-Founder of MDS Sciex and MDS Proteomics Amy Yoder Former President of Arysta LifeScience North America and Australia
- 5. Proprietary & Confidential5 Foundedfrom University of Toronto, prototype formulations Pilot production, greenhouse trial successes 2006-2009 2009-2011 2012-2013 2014-2016 Preliminary EPA registration, field trial successes, partnerships with manufacturers and distributors Full scale manufacturing, first product EPA registered and launching to select US growers History – Strong Track Record of Success Core Capabilities: • Complete delivery system: Allosperse technology, recipe development, know how • In-house performance screening and field trial administration • Consistent EPA registration process • Commercial scale Allosperse manufacturing at Vive • Extensive and growing IP suite • Asset-light infrastructure in place
- 6. Proprietary & Confidential6 Productsand Technology
- 7. Proprietary & Confidential7 Whatis Allosperse? • Nanoscale polymer particles used as a shuttle to deliver active ingredients to desired target • Made from polymers commonly used as inerts in agriculture
- 8. Proprietary & Confidential8 Whatis Allosperse? • Hydrophobic interior holds onto AIs – hydrophilic exterior easily disperses in aqueous media
- 9. Proprietary & Confidential9 Whatis Allosperse? • Precise control over chemistry – controls how active ingredient inside Allosperse interacts with soil / foliage / fertilizer carriers
- 10. Proprietary & Confidential10 TwoMain Routes for Application Soil-Applied Foliar
- 11. Proprietary & Confidential11 TwoMain Routes for Application Soil-Applied: • Excellent compatibility with fertilizer carriers • Control over mobility in soil • Seed treatments • In-furrow dust-free alternates to seed treatments
- 12. Proprietary & Confidential12 TwoMain Routes for Application Foliar: • Excellent compatibility with foliar fertilizers, micronutrients • Fungicides with better curative performance
- 13. Proprietary & Confidential13 AZteroid– Azoxystrobin with Vive Delivery System proprietary and confidential • EPA Registration Number 89118-3, issued May 15, 2015 • 18.4% loading SC formulation – 1.65 pounds per gallon • Label includes all established in-furrow & foliar uses for azoxystrobin
- 14. Proprietary & Confidential14 TargetCrops Potato Corn Soybean • Black dot • Black scurf • Silver scurf • Rhizoctonia root and stalk rot • Rhizoctonia disease • Southern Blight Cotton Peanut • Pythium seedling blight • Rhizoctonia seedling blight • Aspergillus crown rot • Pythium damping off • Stem rot/white mold suppression
- 15. Proprietary & Confidential15 CornYield Response Starter fertilizer and AZteroid, in-furrow at planting 2proprietary and confidential 150 160 170 180 190 200 210 220 230 AZteroid™ With Allosperse Yield increase can be achieved when combining starter fertilizer and AZteroid Untreated Starter Fertilizer Starter Fertilizer & AZteroid Yield(bushels/acre)
- 16. Proprietary & Confidential16 BroadFertilizer Compatibility proprietary and confidential 3 Fertilizers shown, left to right: Alpine Mn Alpine 10-34-0 Alpine Zn OMEX 28% UAN Alpine Fe OMEX 10-34-0 Alpine G24 OMEX Starter P Alpine fortified foliar Conditions: after mild agitation
- 17. Proprietary & Confidential17 •Mixes with a wide variety of undiluted liquid fertilizers (including high P)* • Tank mixes well with other products used at-plant • Water based formulation for lower toxicity and safer handling • Will not clog filters and screens • Performs well under freeze-thaw conditions • Will not settle out of solution and requires only minimal agitation *Jar test should be performed prior to use with fertilizer to confirm compatibility Advantages
- 18. Proprietary & Confidential18 •EPA Registration Number 89118-2 • 19.3% loading SC formulation – 1.75 pounds per gallon • Label includes all established in- furrow & foliar uses for bifenthrin Bifender – Bifenthrin with Vive Delivery System 18
- 19. Proprietary & Confidential19 TargetCrops Potato Corn Soybean • Grape Colapsis • Rootworm • Sweet Potato Flea Beetle • Wireworm • White Grub • Corn Rootworm • Grubs • Root Aphids • Seedcorn Maggot • Wireworm • Army Cutworm • Armyworm spp. • Cutworm spp. • Stalkborer • True Armyworm • Rootworm • Grape colapsis • Grubs • Root Maggot • Seedcorn Maggot • Wireworm • Army Cutworm • Armyworm spp. • Cutworm spp. • True Armyworm
- 20. Proprietary & Confidential20 BroadFertilizer Compatibility Capture LFR Vive Formulation Bifender with Allosperse Delivery Technology Fertilizers shown, left to right: Alpine Mn Alpine 10-34-0 Alpine Zn OMEX 28% UAN Alpine Fe OMEX 10-34-0 Alpine G24 OMEX Starter P Alpine fortifiedfoliar Conditions: after mild agitation
- 21. Proprietary & Confidential21 BroadFertilizer Compatibility Fertilizers Capture LFR Vive Formulation Bifender with Allosperse Delivery Technology Fertilizers shown, left to right: Alpine Mn Alpine 10-34-0 Alpine Zn OMEX 28% UAN Alpine Fe OMEX 10-34-0 Alpine G24 OMEX Starter P Alpine fortifiedfoliar Conditions: after mild agitation
- 22. Proprietary & Confidential22 Filtering AlpineG24 (6-24-8) proprietary and confidential 60 Mesh 100 Mesh Capture LFRVive Formulation
- 23. Proprietary & Confidential23 Advantages •Mixes with a wide variety of undiluted liquid fertilizers (incl. high P)* • Tank mixes well with other products used at-plant • Water based formulation for lower toxicity and safer handling • Will not clog filters and screens • Performs well under freeze-thaw conditions • Will not settle out of solution and requires only minimal agitation *Jar test should be performed prior to use with fertilizer to confirm compatibility
- 24. Proprietary & Confidential24 •EPA Registration Number 89118-4 • SC formulation contains 1.0 pounds of azoxystrobin per gallon and 0.5 pounds of bifenthrin per gallon • Broad label for foliar uses Fenstro – Azoxystrobin & Bifenthrin Pre-mix with Vive Delivery System
- 25. Proprietary & Confidential25 ProductDevelopment Pipeline Launching 2016 Proven and in productization Early results positive, in development 1st Generation • Liquid fertilizer compatibility • Strobilurins, pyrethroids, triazoles, neonics, etc. • Multiple component premixes 2nd Generation • Soil and thatch mobility • Foliar coverage and rainfastness 3rd Generation • Seed treatment • Extended control