PAUL TASNER Co-Founder & Chief Executive Officerptasner@pulpworksinc.com(415) 412-0236

Paul Tasner is a senior executive with more than 30 years of experience in all facets of supply chain management. He has held leadership positions in procurement, manufacturing, and logistics in ventures ranging from start-up to Fortune 100.He holds a B.S. in Industrial Engineering from the New Jersey Institute of Technology and a Ph.D. in Mathematics from Boston University.

ELENA OLIVARI Co-Founder and Vice President, Research & Developmentelena.olivari@pulpworksinc.com(415) 318-9904

Elena Olivari's background is in Green Architecture and design. She has practiced in the architectural profession for 20 years in the United States and internationally, including Hong Kong and Italy. Ms. Olivari has promoted a sustainable approach consistent with PulpWorks' goals.She holds a M.A. in Architecture from Istituto Universitario di Architettura, Venice, Italy.

PULPWORKS, Inc.Renaissance Center1115 Third Street, Suite 2San Rafael, CA 94901www.pulpworksinc.com

PulpWorks, Inc. was founded in response to a plastic pollution crisis. The company designs and manufactures environmentally friendly packaging for the consumer packaged goods industry. PulpWorks' packaging is comprised of 100% recycled pulp and paper. The packaging contains no plastics or adhesives of any kind and can be discarded in curbside compost or recycling bins.

THE TEAM - THE COMPANY

THE PROBLEM - THE TARGET

• PVC (including “blister packs”) is responsible for 70% of the toxic waste in landfills each year.

• PVC blister packs are also responsible for more than 60,000 emergency room visits each year due to injuries sustained while attempting to open them.

• 7 billion pounds of PVC are discarded every year in the USA alone.

• A typical blister pack (see photos on left) can create 140 tons of toxic PVC waste per year.

• When burned, PVC forms dioxins, a highly toxic group of chemicals that build up in the food chain, can cause cancer as well as harm the immune and reproductive systems.

• Roughly 33% of plastic is for single use . . . and then thrown away.

• Approximately 85% of total global plastic used is not recycled.

• Plastic has the potential to stay in our environment for eternity.

• Plastic negatively impacts over 270 species of animals and birds.

THE “PW-PACK”•PulpWorks' flagship product, the patent-pending "PW-Pack", is an environmentally friendly alternative to the plastic (PVC) blister pack at a competitive price. There is no premium to being “green” for those who choose the PW-Pack.

•The PW-Pack is comprised of two pieces of compostable, biodegradable and recyclable material – molded pulp and cardboard – that are connected by interlocking tabs, without benefit of adhesives, tape, or staples.

•This creates a single-use package that highlights the saleable article which is nestled securely within a cavity in the molded pulp component.

•The PW-Pack eliminates waste on land and sea (e.g., the oceanic gyres) and reduces the overall volume of toxic PVC waste created by blister packs each year.

•The PW-Pack responds to an urgent and compelling need for improved packages that embody the intent of a blister pack but have a significantly reduced negative impact on the environment while providing consumers with enhanced functionality and design features.

THE PROBLEM - THE SOLUTION

THE KEY FEATURES•For the client, the PW-Pack is a cost-effective green alternative to the plastic (PVC) blister pack and a bold statement about the role of sustainability and corporate social responsibility.

• For the consumer, the PW-Pack provides enhanced functionality and design. It is safe and easy to open. Each PW-Pack is custom designed and provides protection for the article(s) nestled inside. It reduces excess packaging and is easily composted or recycled.

•For the client’s supply chain, its nesting capabilities can reduce inbound transportation costs.

•Comprised entirely of recycled paper, the PW-Pack‘s long-term price stability is secure in that it’s not connected to petroleum price fluctuations as plastics are.

“Consumers will often show more loyalty (repeat purchases) to companies exhibiting responsible practices in packaging.”

“Given a choice between otherwise equal competitors, consumers and customers will choose the sustainable packaging user.”

“People are aware and offended by wasteful packaging. There is an assumed connection between costs and excess packaging.”

THE CUSTOMERS – THE REVENUE

• PulpWorks is in various levels of planning and discussion with the companies listed above – as well as many others.

• The categories targeted are cosmetics & personal care; electronics; household; office products; pet care; kitchenware; software and footwear.

• Their collective spend on blister packaging is more than $10 billion annually.

PulpWorks will generate revenue through each of the following models, depending upon what works best for its customers:

Turnkey Outsourcing

• In this scenario, the customer provides the saleable article.

• PulpWorks provides all other goods and services necessary to create and deliver a finished product to the customer on time and within spec.

• This includes the design of the package, the paper and pulp components of the PW-Pack itself; the assembly of the retail product; and the delivery of that finished product to the customer’s designated location.

Package-only Sales

• PulpWorks will ship the empty PW-Pack directly to the customer, or indirectly via their sales and distribution channels.

• The customer will provide the final assembly.

Licensing

• PulpWorks will license the PW-Pack technology.

THE ITEM

•Virtually any object can be featured in the PW-Pack.

•No limitations on height, width or depth.

•Ideal objects are beauty and personal care items as well as other small consumer goods typically packaged in blister packs.

•Object is nestled tightly in the molded pulp cavity.

THE MOLDED PULP BACKING PIECE

•Created from waste newsprint or corrugated and water.

•Cavity is designed to hold the object securely.

•Slots for interlocking face card.

•Die cut hole positioned to keep package perfectly vertical when hung at retail.

THE FACE CARD

•Printed on recycled paper with soy-based inks.

•Die cut window(s) to feature the product inside.

•Tabs for interlocking with backing piece.

•Branding per client’s artwork.

•Custom designed for each product.

THE ASSEMBLY PROCESS

•Begins with the molded pulp backing piece.

•Item is inserted in the cavity.

•Face card is inserted into slots.

•If requested, paper staples can be added to the assembly process.

•Entire assembly process is automated utilizing machinery developed specifically for PulpWorks.

THE TECHNOLOGYTHE “PW-PACK”

SALES & MARKETING

MARKETING

•PulpWorks’ brand continues to gain traction and attention via participation at trade shows, conferences, and seminars.

•PulpWorks, its founders, and its mission have been the subject of various articles in trade and business publications throughout 2012.

•PulpWorks has a presence on Facebook, Twitter, and LinkedIn; Gust.com, EquityNet.com, Angel.co, SlideShare.net and YouTube.

•PulpWorks has a website that allows potential clients to learn about our mission and see the range of services that we provide: www.pulpworksinc.com

SALES

•PulpWorks will continue to mine the relationships that its founders have created over the past 30 years.

•Targeted companies are concentrated in the San Francisco, Chicago, and New York metro areas. As such, sales trips can be arranged to engage multiple customers.

•Face-to-face meetings have proven to be the most effective way to inform the customers and demonstrate the packages.

•The environmental benefits, the design flexibility, and the marketing leverage associated with PulpWorks ’ packages excites customers.

•PulpWorks is working with its strategic distribution partners, TricorBraun and Kent Landsberg, to target their customers with our green packaging alternative.

•PulpWorks has also developed a strong relationship with European distributor, EuroDev, for future opportunities there.

•Further, participation in key trade shows throughout the year (Pack Expo, Natural Products Expo, and Sustainable Brands conference) is an opportunity for PulpWorks to engage numerous targeted customers for follow-up meetings.

THE COMPETITIONCompanies that produce blister packs today are our most formidable competitors. Not only do they manufacture a cost-competitive and long-entrenched alternative to our PW-Pack, but also they, too, are looking at the changes that need to be made in order to be competitive in “tomorrow’s” much greener packaging environment.

• Blisters, Inc. has grown to become one of the country’s larger custom packagers, providing low-cost, blister packaging solutions for Fortune 500 companies.

• They specialize in the design of blisters, clamshells, and trays.

• They, like their competitors in this category, would be capable of mimicking the PW-Pack and offering it to their customers as an eco-friendly alternative to traditional blister packaging.

• Saddle Creek has more than 2,000 experienced associates.

• They operate over 14 million square feet of warehouse space nationwide.

• They have 28 strategic locations nationwide, ISO certification, as well as freight services.

• Like their competitors in this category, Saddle Creek has the capabilities to create a version of the PW-Pack.

PulpWorks relies on the protection of its provisional utility patent (soon to be reinforced) as well as non-disclosure agreements (NDA's) and other formal arrangements (e.g., licensing) to ensure, maintain and protect the Company ’s intellectual property. The first mover advantage combined with stellar customer service and competitive pricing will be significant factors in maintaining a lead on the competition, as will an emphasis on and campaign to make the "PW-Pack" trademark synonymous with environmentally friendly packaging.

but . . .

PAUL TASNER Co-Founder & Chief Executive Officerptasner@pulpworksinc.com(415) 412-0236

Paul is a senior executive with more than 30 years of leadership experience in procurement, manufacturing, and logistics in ventures ranging from start-up to Fortune 100. He has a B.S., Industrial Engineering, from the New Jersey Institute of Technology and a Ph.D. in Mathematics from Boston University.

ELENA OLIVARI Co-Founder and Vice President, Research & Developmentelena.olivari@pulpworksinc.com(415) 318-9904

Elena’s background is in Green Architecture and design. She has practiced in the architectural profession for 20 years in the United States and internationally, including Hong Kong and Italy. Ms. Olivari has promoted a sustainable approach consistent with PulpWorks' goals.She holds a M.A. in Architecture from Istituto Universitario di Architettura,Venice, Italy.

PULPWORKS, Inc.Renaissance Center1115 Third Street, Suite 2San Rafael, CA 94901www.pulpworksinc.com

THE TEAM - THE COMPANY

TRICIA WRIGHTDirector of Industrial Designtwright@pulpworksinc.comDirector of Industrial Design: A veteran product designer and developer, Tricia Wright works with clients to distill their needs and guide them through the product development process, realizing the fullest potential of an idea. She has a B.S. in Industrial Design from the University of Cincinnati.

KENNETH LEONARDDirector of Graphic Designken.leonard@pulpworksinc.com

Director of Graphic Design: As a veteran Art Director of 30 years, Ken’s award-winning creations span a variety of clients and genres with several projects in the collections of the MOMA and the MET. Ken has a BFA in Visual Communications from the University of Illinois.

Carolyn DuClos, Vice President Sales (retired); TricorBraun Packaging, St. Louis

Tracy-Gene G. Durkin, Esq., Patent Attorney & Director; Sterne, Kessler, Goldstein & Fox PLLC; Washington, DC

Drummond Lawson, ex-Director of Sustainability; Method Products, Inc.; San Francisco

David Lefkowitz, CPA; Lefkowitz & Company; San Francisco

Allyson Willoughby, Esq., Senior Vice President & General Counsel; Glassdoor.com; Sausalito, CA

Board of

Advisors

FINANCIALS

SUSTAINABILITY

TODAY

•PulpWorks uses a shared office space at the Renaissance Center of San Rafael, a non-profit small business development center. The Renaissance Center was renovated in 2012 and now utilizes solar power, waterless toilets, and numerous other environmentally friendly features to reduce the carbon footprint of the facility.

•The PulpWorks team uses public transit for approximately 90% of its business-related travel.

•PulpWorks designs and manufactures retail packaging that is completely compostable - based on new standards due in 2013, which are more stringent and will no longer allow some plastics to be called compostable. (Our supply chain is entirely outsourced. Printing, pulp molding, assembly, and distribution – are performed by our strategic partners in each of these functional areas.)

•Our face cards are printed on recycled paper, and the ink used is soy-based, creating no pollution in the plant’s waste stream.

•Air drying – when practical – rather than mechanical heating of the finished product at the pulp molding plant leads to a reduction in the amount of energy used in molding process.

•North America is the preferred location for pulp molding operations. (Note: The diversion of merely one ton of waste paper per month from its trans Pacific voyage results in a savings of more than 4,500 lbs of CO2 annually.) FUTURE

•The future PulpWorks office will be designed following as many LEED requirements as possible. We will educate all of the employees on the value of that and on how to maintain the standards – including equipment and supplies. (Led by Elena who is a LEED Green Associate.)

•PulpWorks will require each of their supply chain partners to provide goals for reducing their respective footprints and to be more efficient.

•PulpWorks will investigate which certification(s) is most appropriate for our business to demonstrate its commitment to sustainability. (Cradle to Cradle Certified Product Program and Certified B Corporation currently top the list of options.)

•The calculation of our own footprint is the next step in our goal-setting process designed to keep our supply chain as clean as possible.

MILESTONES

• Jun 2011 Chosen as a semi-finalist in the 2011 Cleantech Open competition for green business ventures.

• Oct 2011 Selected for a 12-month residency at Dominican University's Venture Greenhouse new business incubator.

• Dec 2011 Received 1st Purchase Order: EO Essential Oils (San Rafael, CA), makers of essential oil-based personal care products found at Whole Foods and other premium retailers.

• May 2012 Filed Patent Application #61640711 for PulpWorks "PW-Pack”, sustainable replacement for PVC blister packaging.

• Aug 2012 Selected 3rd among 40 entrants in the Keiretsu Forum "Pitch Me Green" competition for new ventures.

• Oct 2012 Selected 3rd among 300 entrants in the Silicon Valley Innovation & Entrepreneurship Forum competition for new ventures.

• Nov 2012 Received 2nd Purchase Order: Avocado Magic Lip Balm (Torrance, CA) made with organic avocado oil.

• Dec 2012 Selected by Private Capital Alliance (Phoenix, AZ) for representation in the alternative capital markets.

• Q1 2013 3rd P.O. - expected: Two Degrees Food (San Francisco), energy bar makers and advocates in the battle against childhood malnutrition.

• Q1 2013 4th P.O. - expected: Second project with EO Essential Oils (San Rafael, CA), makers of essential oil-based personal care products found at Whole Foods and other premium retailers.

• Q1 2013 5th P.O. - expected: Soma Water (San Francisco, CA), makers of premium water filtration systems for the home.

USE OF CAPITAL

Sales & Marketing Sales campaigns; marketing collateral; and web site development $10,000

General & Administrative Salaries & consultants' fees $20,000

Research & Development Patent reinforcement $20,000