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CRACKING THE CODE: PROFITABLY RECYCLING THE NON-RECYCLABLE JUST SOME OF OUR CLIENTS

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Page 1: CRACKING THE CODE: PROFITABLY RECYCLING THE NON …

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

CRACKING THE CODE: PROFITABLY RECYCLING THE NON-RECYCLABLE

JUST SOME OF OUR CLIENTS

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

CRACKING THE CODE: MAKING RECYCLING PROFITABLENinety-nine percent of the goods we buy are discarded within six months. In the past half-century we have created an almost entirely disposable culture. Our company has developed scalable pathways to profitably solve this crisis.

Most products and packages in the world are considered non-recyclable today; our only choice is to put them in the trash, where they end up in landfills and incinerators. In reality, almost everything is recyclable and the determining factor is economics: Recycling is typically limited to materials like aluminum, glass, clear rigid plastics and uncoated paper. For these four waste streams only, it’s cheaper to produce new (replacement) goods from recycled materials than virgin materials. So, there’s a large and ready market that drives collection and recycling. For everything else, it’s cheaper to produce new materials from virgin, than to collect and recycle used products and packaging, so new products are made from fresh materials and used products are trashed. Cheaper for the manufacturer, but not good for the planet or human health.

We’ve cracked the code. For over a decade, we recycle what is universally considered to be “unrecyclable”, everything from cigarette butts to flexible food packaging can be nationally collected at scale and transformed circularly into raw materials for the creation of new products. Our clients include the world’s major consumer product companies, national retailers, cities, factories and small businesses.

Developing complete solutions is how our business model succeeds. Our solutions have been mastered profitably client after client and “unrecyclable” waste stream after waste stream — a combination of processes no other firm in the US can offer!

TERRACYCLE IS IN THE BUSINESS OF:

National Collection of Unrecyclable Waste

Utilizing Science to Transform Waste into

Raw Materials

Designing Profitable Programs for our Clients

to Make it All Work

One of the first steps is creating a national collection program to incentivize consumers, schools, businesses, factories to volunteer to collect what would have otherwise ended up as trash or litter.

How we do it:

We invest in R&D that continually looks for new ways to recycle previously unusable waste streams efficiently and at scale. When we look at a child car seat, we see fiber, metals and plastic, each with its own recycling solutions and new uses.

Then, we work with manufacturers to create demand for the recycled material we produce. We help them promote their good work through press, packaging, in-store or web site promotions and marketing.

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This three-part process can be customized for any size client, and almost any waste stream, creating economic incentives to eliminate the idea of waste.

Our logo is already on billions of products. Help us grow and change the world!

NATIONAL COLLECTION

SCIENCE

PROFITABILITY EQUATION

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

Our business model is unique — no other company approaches recycling using the processes or the mentality we have developed.

We create business models to make recycling the non-recyclable a profitable choice forour corporate clients.

We focus on the science, developing our own research into new recycling techniques.

We create and manage national collection programs that reward people, companies,local governments and other organizations for gathering recyclable materials.

We sell the recycled raw materials.

Our team assists in branding, press, social media and other communications support for our corporate clients so their customers, shareholders, employees and all stakeholders are rewarded. These efforts are measurable and prove our programs are profitable for our clients.

Offering Circular

We provide a range of award winning media, public relations, social media, communications and marketing support so the world clearly knows what our clients are doing and reward them by increasing their sales, market share and foot traffic.

You can read about our company nearly every day in the press (in 2016 we were featured in over 3,500 articles in the US alone; 2017 has already surpassed that number). To see this for yourself simply Google “Drink Pouch Recycling” or “Cigarette Recycling” (and many other waste streams).

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-Paul HawkenFrom the Foreword to REVOLUTION IN A BOTTLE by Tom Szaky

In nature, waste is manna and is becoming gold in the world of Tom Szaky. His vision benefits the earth, the poor and the giant corporations at the same time. Eventually, it becomes the new conventional wisdom.

“”

CASE STUDY:

Bring your car seat back to any Target store in the United States and receive a 20% off coupon towards a new car seat and help the environment by not having to landfill them.

Through a unique process developed by TerraCycle, the old car seats are broken down into various fibers, metals and plastics ready for processing into new sellable materials.

In the quest for foot traffic, TerraCycle is driving Target’s best customers (parents) into its stores with an incentive to shop, all while promoting a positive image of Target.

COLLECTION

SOLUTION

BUSINESS MODEL

RAISING AWARENESS AND RECOGNITION

How to Recycle Just About Anything

INVEST NOW

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

NOW IS THE TIME FOR OUR STOCK OFFERING

Waste is natural to every living system. We all consume and at some point eliminate. Eventually, everything and everyone has an end of life….Globally, humanity has evolved into the modern disposable society, readily buying and discarding non-recyclable products and packaging that were designed to enhance consumer convenience and regular repeat purchases…The flush syndrome is very much an aspect of our shadow, and it festers into a collective disrespect for our home, our planet.

-Deepak Chopra, From the Foreword to OUTSMART WASTE, by Tom Szaky

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For 14 years, TerraCycle has worked hard to put the right management team in place, advance science and conquer mass logistics. Today, TerraCycle is welcoming investors that are interested in owning a part of our fast growing company:

We are profitable and growing.

We are committed to distributing a minimum of half of our after-tax profits as dividends.

We have almost $2 million in cash reserves.

Most of the proceeds from the offering will go to our acquiring of companies who provide services that complement our existing collection and recycling programs.

we arePROFITABLE

we are

we are

GROWING

SHARING OUR PROFITS

THROUGH DIVIDENDS

we areUNIQUE

we areEXCITING

we doGOOD

we seekYOU

With all that we’ve accomplished, we are still just scratching the surface.

Offering Circular

INVEST NOW

EIGHT REASONS TO INVEST IN TERRACYCLE

DOMINANT IN AN OVERLOOKED MARKET SEGMENT1Almost all products and packaging can technically be recycled, but most are not done practically. Currently, with some local exceptions, only four types of waste are commonly recycled: clear glass, simple paper, certain rigid plastic and aluminum. Most other kinds of waste, such as pens, toothbrushes, candy wrappers, cigarette butts and coffee cartridges are rarely recycled, largely because collecting and recycling is more expensive than the results are worth. As a result, these waste streams are generally sent to landfill or incineration. TerraCycle has created a profitable platform in recycling these types of material. Due to this, we are in an in-demand service business without a major competitor.

VISIONARY MANAGEMENT2CEO Tom Szaky sets the direction and pace of the company, driving growth and profit with existing and new programs. As a Social Entrepreneur in the World Economic Forum, Tom is recognized as a business leader, welcomed into meetings with global leaders, has given lectures around the world and has shared panel discussions with leaders of some of the world’s largest companies. He and TerraCycle have received over 200 awards ranging from the United Nations to the EPA. Tom has also written three critically acclaimed books on the topic of waste with a fourth being published in 2018.

STRONG GROWTH TRACK RECORD – MORE GROWTH AHEAD3TerraCycle is growing fast. Within a year, we have doubled our sales staff; aninvestment that has already paid for itself in increased sales and profits. We are poised to acquire companies that will allow us to grow our revenue and expand our service offerings.

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

ATTRACTIVE DIVIDEND INCOME4In the current low interest rate environment, many investors are looking for a source of investment income. We will pay an annual dividend to shareholders, representing at least 50% of after-tax profits. Regulation A+ shareholders will also receive a priority dividend prior to any distribution to the common shareholder (our parent company). See our Offering Circular for more details.

ACCESS TO ANY FUTURE SALE OR IPO5In the event of a sale or IPO of our company, Regulation A+ stockholders have the right to convert their interests into parent company interests, based on a professional third-party valuation.

SOUND INFRASTRUCTURE FOR SCALABLE GROWTH6TerraCycle has operated in the US since 2003. Our internal systems include SAP B1 for accounting transaction and reporting and Adaptive Planning for financial planning. We utilize global services provided by our parent company, including a dedicated nineteen-person IT team (based in Budapest), in-house finance, legal, marketing and graphics services. We own our headquarters (of three adjacent buildings) in central New Jersey, located between New York City and Philadelphia; our parent company, which also operates there, pays us rent.

WE ARE SAVING MILLIONS OF POUNDS OF WASTE STREAMS FROM LANDFILLS, WATERWAYS AND INCINERATION

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Our business revolves around purpose and the manifestation of our dream to eliminate the idea of waste. We will accomplish this with both organic growth as well as a series of acquisitions.

CHANGE THE WORLD BY CHANGING THE GAME8We already have hundreds of major corporate clients in place, aiming to change the way we treat consumption. We are designing reusable packaging platforms aimed at changing the basic use-and-toss world. We are already doing this with category leading brands and major multinational corporations.

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TerraCycle and Brita collect old carbon filters, pitchers, dispensers, bottles, faucet systems, and filter packaging via thousands of volunteer locations across the country.

COLLECTION

Once the used products have been collected, they are separated by composition and shredded to make new recycled products. The carbon from the filters are separated for use in polymers as a colorant.

SOLUTION

Brita is able to gain market share by being the first waste filter in the United States to be recyclable.

BUSINESS MODEL

You probably already know that reuse and recycling are much better for the environment than landfill or incineration. You probably don’t know that ALMOST EVERYTHING is recyclable; from candy wrappers to pens and toothbrushes to cigarette butts — TerraCycle gets manufacturers to sponsor national collection and recycling programs for waste streams they create.

-Jerry Greenfield, Co-Founder of Ben & Jerry’s From the Foreword MAKE GARBAGE GREAT, by Tom Szaky

CASE STUDY: BRITA

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TerraCycle® and Brita have partnered to create a free recycling program for Brita® products (from carbon filters to pitchers).

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TERRACYCLE’S REVENUE STREAMS TerraCycle derives income and revenue through three main business

activities, with a fourth to be added in 2018.

NATIONAL RECYCLING PROGRAMS

ZERO WASTE BOXES

National Recycling Programs are turnkey programs TerraCycle designs and administers for major consumer product companies and retailers that seek to recycle their products or packaging. For example, Colgate has contracted with us for several years to manage a national recycling program to collect and recycle its oral care products and packaging. These programs are free to the public and offered on our website. As of June 30, 2017, we have over 50 brand-sponsored national recycling programs, operating in 48 states. These programs generated a revenue of $6.2 million in 2016 in the US.

Zero Waste Boxes are sold direct to customers including individuals, businesses, laboratories, schools, conferences and events to collect specific waste streams (like coffee capsules). TerraCycle outsources warehousing and recycling of the collected goods through our proprietary know-how. In 2016, this business unit generated revenue of $1.2 million and is on track to double that in 2017.

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MATERIALS SALES

OUR FIRST ACQUISITION STARTS A NEW CHAPTERSTARTING WINTER 2017

Our Materials Sales program arranges sales of recycled materials to organizations who will use them to manufacture new products. In 2016, we began selling premium-priced TerraCycle “Storied Plastic” materials, which come with a narrative about previous use that manufacturers can use to promote their product line and increase their sales.

For instance, Proctor & Gamble’s Head and Shoulders brand shampoo uses plastic recovered from beaches and oceans to showcase their leadership in sustainability. P&G pays TerraCycle a higher-than-commodity price to source, collect and recycle these materials. In 2016, the Materials Sales group generated revenue of $2.4 million.

In the winter of 2017, we are launching a fourth revenue-generating business called Universal Waste, which will focus on recycling universal and hazardous waste, like florescent lamps, batteries, and mercury-containing equipment. This unit will operate similarly to the Zero Waste Box division. Recently TerraCycle acquired the assets of an operating Universal Waste company that both collects through pre-paid boxes (similar to our Zero Waste Boxes), and through bulk collections at hotels, office buildings, factories and other large users of these items. Consistent with its practices in other operating divisions, all collected waste will be shipped directly to third-party EPA registered Universal Waste processing companies.

OCEAN PLASTIC MATERIAL SCIENTIFICALLY ENGINEERED TO MEET

MANUFACTURERS’ SPECIFICATIONS

FINISHED PRODUCT MADE FROM 25%

RECYCLED MATERIALS

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

GROWING TO MEET TOMORROW’S CHALLENGES

The global waste crisis is growing, creating exceptional opportunities for TerraCycle. Ourcompany has remained profitable for more than 5 years by constantly adapting and creating new ways to recycle. We are a mission-driven company that is compelled to make it easy for companies, communities and individuals to recycle what they couldn’t before.

We are excited about the prospects for growth in revenues, earnings and the value of our company over the next several years.

OUR BUSINESS IS PROFITABLE AND GROWING; WE EXPECT PROFITABLE GROWTH TO CONTINUETerraCycle has begun incubating several new business models (also engaging manufacturers, retailers and consumers as partners) that should allow us to have a larger impact on the waste equation, and to grow profitably.

Our top 10 clients include some of the largest companies in the US. The company’s reputation among clients, and the public who participate in collection programs, is strong and positive.

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WE ARE INVESTING FOR FUTURE EXPANSION

TerraCycle continues to seek both organic and strategic opportunities for growth. In 2016, we doubled our sales staff and saw a strong increase in increased sales and profits.

TerraCycle’s senior management team is also evaluating acquisition candidates that willallow the company to grow revenue and expand its service offerings. We have recentlyacquired a company that we expect will increase our company’s revenue and profits by over 50% in 2018.

We expect to use the majority of proceeds from this Regulation A+ capital raise to acquire additional companies and revenue streams.

“The Circular Economy” is among the key themes discussed among global corporations, governments and leading academics at the World Economic Forum. As TerraCycle’s solefocus is developing and implementing circular solutions for products and packaging where there are otherwise only linear options (landfill and incineration), TerraCycle partnerships with major businesses are recognized as leading examples of circular economy activities. We are pleased to be an innovator within this timely global movement, and expect to see our engagements with leading companies grow, as we provide a wide range of turnkey solutions that enable companies of any size to participate in the Circular Economy.

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This is a multi-billion dollar market.

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TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

THE TERRACYCLE TEAM

Tom is the founder and CEO of TerraCycle, Inc. He is a world-renowned entrepreneur, business leader, innovator and public speaker, who oversees one of the world’s few green multinational companies. Through TerraCycle, Tom has pioneered a range of business models that engage manufacturers, retailers and consumers in recycling products and packaging (such as beauty and dental care waste, cigarette butts, coffee capsules and food packaging) that would otherwise be destined for landfill or incineration. To implement circular solutions for previously

disposable materials, Tom had the foresight and courage to pioneer a business model that incorporates several distinct lines of business, so that TerraCycle could serve as a unique catalyst among market participants. While a student at Princeton University, Tom won multiple contests for his business plan for TerraCycle, prompting him to leave school and develop his company. Now, he is an advisor to CEOs of some of the world’s largest consumer products companies. Tom is the author of three books, “Revolution in a Bottle” (2009, Portfolio), “Outsmart Waste” (2014, Berrett-Koehler) and “Make Garbage Great” (2015, HarperCollins). Tom created, produced, and starred in TerraCycle’s reality show, “Human Resources” which aired on Pivot TV from 2014-2016. Tom and TerraCycle have received over 200 social, environmental and business awards and recognition from a range of organizations including the United Nations, World Economic Forum, Forbes Magazine, Fortune Magazine, and the Environmental Protection Agency.

TOM SZAKY, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD OF DIRECTORS OF TERRACYCLE AND SOLE DIRECTOR OF TERRACYCLE US HOLDINGS, INC.

Richard met Tom and joined TerraCycle, Inc. in 2008. He has undergraduate, law and business degrees from Columbia University. For over 35 years, Richard worked within the “green” business world in which he has extensive long-term relationships. He was involved in a range of businesses, mediations and transactions in clean energy development, carbon credits, real estate and resort planning, international tax structuring, business planning and management, all with a green/mission focus. He is one of the founders of Social Venture Network and Threshold Foundation.

He has worked internationally extensively, having been to Japan over 40 times and worked with businesses in India, South America, and Europe. At TerraCycle, Richard has overseen international growth (from 1 to 20+ countries), strategic partnerships, investor relations and capital raising.

RICHARD PERL, CHIEF ADMINISTRATIVE OFFICER

MANAGEMENT

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Javier has been the Chief Financial Officer at TerraCycle, Inc. since September 2011. Prior to that, he was the CFO of the American Red Cross COE of New Jersey (January 2010 to August 2011), leading the restructuring of the ARC New Jersey’s 15 chapter financial operations from multiple accounting, payroll and banking systems into one center. From October 2006 until September 2009, he was the CFO of the Pharma Unit of Wolters Kluwer Health, overseeing its global operations. From September 2002 until September 2006, he held

senior financial positions at DHL-Deutsche Post, initially as its VP Accounting for the US, then as CFO for the DHL Express Latin American operations. From January 1998 until September 2002 he was CFO Latin America for Clorox. From January 1978 until December 1997, he held finance positions of increasing responsibilities at Procter & Gamble, the latest one as its CFO for the Paper Sector Latina America. He has a MA in International Affairs from Ohio University and a BS in Economics from Universidad Catolica del Peru.

JAVIER DALY, CHIEF FINANCIAL OFFICER

Daniel has held the position of Vice President & General Counsel at TerraCycle, Inc. since June 2016 after having spent the previous six years as its Vice President for Global Administration responsible for overseeing the company’s expansion into 20 foreign markets. Prior to joining TerraCycle, Inc., Daniel worked at the American Enterprise Institute in Washington, D.C., studying monetary policy. He holds a BA in Government from Cornell University and a JD from the University of Miami (FL) School of Law.

DANIEL ROSEN, VICE PRESIDENT AND GENERAL COUNSEL

Ernel is the Global Vice President of Research and Development of TerraCycle, Inc. He has served in this position for the past three years and has been with the company for the last seven and a half years. With more than 40 years of industrial experience, Ernel spent six years at Johnson & Johnson Pharmaceutical Research and Development and was also previously employed at The DuPont Company, Xerox Corporation, Rohm and Haas and Arco Chemical Company. He has three US Patents and seven World Intellectual

Property Organization (WIPO) Patents.

ERNEL SIMPSON, GLOBAL VICE PRESIDENT, RESEARCH AND DEVELOPMENT

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Kevin is currently the Global Vice President for Operations of TerraCycle, Inc. He joined TerraCycle, Inc. to run Operations in January of 2008 with the launch of our Brand Partnerships division. In this capacity, he has developed TerraCycle’s business operations and supply chain as we have added revenue, additional business units, recycling capacities and global reach. Prior to joining TerraCycle, Inc., he operated a family construction company in Dallas, TX from 2004-2008 where he oversaw day-to-day

operations, labor and construction planning. He studied Philosophy and Theology at Franciscan University in Steubenville, Ohio.

KEVIN FLYNN, GLOBAL VICE PRESIDENT, OPERATIONS

Michael is currently the Global Vice President of TerraCycle, Inc. for Brand Partnership. He joined TerraCycle, Inc. in 2008 to support one of the company’s first national recycling partnerships, and has since played a key role in leading the expansion of TerraCycle’s Brand Partnership platform globally. Prior to joining TerraCycle, Inc., Michael earned a B.S. in Political Science, History, and Music, and a M.A. in Political Science from Central Michigan University.

MICHAEL WAAS, VICE PRESIDENT, BRAND PARTNERSHIP

Brett is currently the Global Vice President of Material Sales and Procurement of TerraCycle, Inc. He has served in that position since June 2014, though he has been with the company in other capacities since 2009. As a result, he has a deep knowledge of TerraCycle programs and the different business units that allow them to function. Prior to joining TerraCycle, Inc., Brett was a pharmaceutical account representative for a medical education company. He holds a BS degree in Business Administration, with

a concentration in Management, from Monmouth University.

BRETT STEVENS, GLOBAL VICE PRESIDENT, MATERIAL SALES AND PROCUREMENT

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Rhandi is currently the Global VP of Zero Waste of TerraCycle, Inc. She has served in that position for four years, from September 2013 to the present date. Prior to launching the Zero Waste division, she was the Director of Operations for TerraCycle, Inc. from September 2008 to October 2013, managing the logistics for 30+ programs across 17 countries. In that position, she was responsible for managing the TerraCycle website, vendor relationships, metric reporting and invoicing.

RHANDI GOODMAN, GLOBAL VICE PRESIDENT, ZERO WASTE

Anthony has been with TerraCycle, Inc. for more than 4 years. Before leading the global business development team, Anthony was a member of TerraCycle Canada’s business development team in Toronto. Prior to joining TerraCycle, Inc., Anthony worked in the Business Development departments for a law firm with offices all over North America and Europe. Anthony holds a BA from the University of Western Ontario and a MSc in International Management from the Ecolé Superieur de Commerce de Dijon Bourgogne.

ANTHONY ROSSI, GLOBAL VICE PRESIDENT, BUSINESS DEVELOPMENT

As Global Director of Communications for TerraCycle, Lauren oversees nine international public relations teams and U.S. media outreach, strategy, content and execution of campaigns for TerraCycle and its 25+ partners such as Colgate-Palmolive, L’Oréal and Procter & Gamble. Lauren started her career as a television news reporter and anchor and then worked in agency public relations for more than 15 years where she represented some of the world’s most visible consumer brands. She is a graduate of the S.I. Newhouse School of Public Communications at Syracuse University and has received

several industry awards for her work either individually or as part of a team.

LAUREN TAYLOR, GLOBAL DIRECTOR OF COMMUNICATIONS

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Liana has served as the Company’s Global Director for Staff and Administration overseeing both Human Resources and the budget process working closely with the Chief Financial Officer since 2015. Liana has been with the Company since 2011, working in the Executive Department before taking on her current role. Prior to joining TerraCycle, Liana worked in sustainable business and regenerative finance for several startups. Liana holds a B.A. in Sociology from Colorado College and Professional Certificate in Financial Analysis from NYU SCPS.

LIANA SCOBIE, GLOBAL DIRECTOR, STAFF AND ADMINISTRATION

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BOARD OF DIRECTORS

Tom is the founder and CEO of TerraCycle, Inc. He is a world-renowned entrepreneur, business leader, innovator and public speaker, who oversees one of the world’s few green multinational companies. Through TerraCycle, Tom has pioneered a range of business models that engage manufacturers, retailers and consumers in recycling products and packaging (such as beauty and dental care waste, cigarette butts, coffee capsules and food packaging) that would otherwise be destined for landfill or incineration. To implement

circular solutions for previously disposable materials, Tom had the foresight and courage to pioneer a business model that incorporates several distinct lines of business, so that TerraCycle could serve as a unique catalyst among market participants. While a student at Princeton University, Tom won multiple contests for his business plan for TerraCycle, prompting him to leave school and develop his company. Now, he is an advisor to CEOs of some of the world’s largest consumer products companies. Tom is the author of three books, “Revolution in a Bottle” (2009, Portfolio), “Outsmart Waste” (2014, Berrett-Koehler) and “Make Garbage Great” (2015, HarperCollins). Tom created, produced, and starred in TerraCycle’s reality show, “Human Resources” which aired on Pivot TV from 2014-2016. Tom and TerraCycle have received over 200 social, environmental and business awards and recognition from a range of organizations including the United Nations, World Economic Forum, Forbes Magazine, Fortune Magazine, and the Environmental Protection Agency.

TOM SZAKY, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD OF DIRECTORS OF TERRACYCLE AND SOLE DIRECTOR OF TERRACYCLE US HOLDINGS, INC.

A Professor of Industrial Environmental Management at the Yale School of Forestry & Environmental Studies, where she serves as Director of the Program on Solid Waste Policy and as Director of the Industrial Environmental Management Program. Her research and teaching focus on industrial ecology, business and environment, waste management, circular economy, and urban-industrial issues. She also holds academic appointments at the Yale School of Management and the National University of Singapore. Prior to her time at Yale, she

spent ten years in environmental business and state and local government, including service as president of a large state bonding authority charged with developing a billion dollar waste infrastructure system. She currently serves on the Board of Directors of the Alliance for Research in Corporate Sustainability (ARCS) and the External Advisory Board of the Center for Energy Efficiency and Sustainability at Ingersoll Rand. Professor Chertow has a B.A. from Barnard College, and her M.P.P.M. and Ph.D. from Yale University.

MARIAN CHERTOW, PROFESSOR OF INDUSTRIAL ENVIRONMENTAL MANAGEMENT AT THE YALE SCHOOL OF FORESTRY & ENVIRONMENT STUDIES

17

Javier has been the Chief Financial Officer at TerraCycle, Inc. since September 2011. Prior to that, he was the CFO of the American Red Cross COE of New Jersey (January 2010 to August 2011), leading the restructuring of the ARC New Jersey’s 15 chapter financial operations from multiple accounting, payroll and banking systems into one center. From October 2006 until September 2009, he was the CFO of the Pharma Unit of Wolters Kluwer Health, overseeing its global operations. From September 2002 until September 2006,

he held senior financial positions at DHL-Deutsche Post, initially as its VP Accounting for the US, then as CFO for the DHL Express Latin American operations. From January 1998 until September 2002 he was CFO Latin America for Clorox. From January 1978 until December 1997, he held finance positions of increasing responsibilities at Procter & Gamble, the latest one as its CFO for the Paper Sector Latina America. He has a MA in International Affairs from Ohio University and a BS in Economics from Universidad Catolica del Peru.

JAVIER DALY, CHIEF FINANCIAL OFFICER

An experienced senior investment banker and executive with a strong track record of funding, building, running and selling profitable and turn-around companies. He is currently the Chairman and CEO of Photonic Capital, Inc. Photonic Capital is a finance, sales and marketing company for the lighting retrofit market. Among other prior engagements, Mr. Laska served as the Chairman & CEO of American Benefit Resources, Inc. (ABR), an integrated retirement benefits company. He built ABR through a series of acquisitions

and at the time, it was the largest independent provider of pension administration and advisory in the country. Mr. Laska also served as a deputy CFO for Citicorp where he was responsible for long-term funding and capital compliance. He holds an undergraduate degree in engineering from the University of Massachusetts, a Master’s of Science in Engineering from Brown University and an MBA from Stanford University.

EHUD “UDI” LASKA, CHAIRMAN & CEO OF PHOTOTONIC CAPITAL, INC.

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CEO of Eagle River Capital, formed in 2017 to acquire, integrate and manage small waste collection companies in six Western US states. He has close to three decades of experience as an executive in the waste management business. From 2010 to 2016, he was Vice President for Mergers and Acquisitions for Progressive Waste Solutions, a $2 billion waste management company operating in the US and Canada. Prior to that, Mr. Miller worked at Republic Services, the second largest waste management company in the US, serving as

Vice President and Regional Operations Manager. He graduated from Hanover College with a degree in Geology.

TOM MILLER, CEO OF EAGLE RIVER CAPITAL

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David is currently a Managing Director at Grant Thornton LLP, Washington National Tax Office focusing on International Tax and financial matters. Prior to joining Grant Thornton, he was the Associate Vice President of International Tax Planning at Weatherford International, plc, from December 2013 until March 2017. Prior to that he was a partner at Arthur Andersen, KPMG, and Alvarez and Marsal, where he was a senior international tax and financial consultant to numerous large global corporations and transactions. David is

a licensed CPA and a member of the AICPA. David holds a BBA in accounting from the University of Iowa and a Master in Taxation degree from the University of Texas at Austin.

DAVID ZAIKEN, INTERNATIONAL MANAGING TAX DIRECTOR, WASHINGTON NATIONAL TAX OFFICE, AT GRANT THORNTON LLP

Daniel has held the position of Vice President & General Counsel at TerraCycle, Inc. since June 2016 after having spent the previous six years as its Vice President for Global Administration responsible for overseeing the company’s expansion into 20 foreign markets. Prior to joining TerraCycle, Inc., Daniel worked at the American Enterprise Institute in Washington, D.C., studying monetary policy. He holds a BA in Government from Cornell University and a JD from the University of Miami (FL) School of Law.

DANIEL ROSEN, VICE PRESIDENT AND GENERAL COUNSEL

Richard met Tom and joined TerraCycle, Inc. in 2008. He has undergraduate, law and business degrees from Columbia University. For over 35 years, Richard worked within the “green” business world in which he has extensive long-term relationships. He was involved in a range of businesses, mediations and transactions in clean energy development, carbon credits, real estate and resort planning, international tax structuring, business planning and management, all with a green/mission focus. He is one of the founders of Social

Venture Network and Threshold Foundation. He has worked internationally extensively, having been to Japan over 40 times and worked with businesses in India, South America, and Europe. At TerraCycle, Richard has overseen international growth (from 1 to 20+ countries), strategic partnerships, investor relations and capital raising.

RICHARD PERL, CHIEF ADMINISTRATIVE OFFICER

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According to the United Nations, by 2050, there will be more plastic in the

oceans than fish. That plastic is breaking down and getting into our food chain.

TerraCycle represents market-based solutions to the waste crisis, producing

innovative and profitable ways to recycle even the hardest materials to reprocess.

We invite you to participate in the growth of our proven and profitable solution as we reduce waste in our country.

OwnTerraCycle.com

TerraCycle, Inc+1 609 656 5100OwnTerraCycle.com

TerraCycle US Inc.121 New York Ave

Trenton, NJ 08638+1 609 656 5100

Richard Perl, Chief Administrative Officer, x [email protected]

Daniel Rosen, VP and General Counsel, x [email protected]