Tibb vrawE Biogas Renewable Energy Project Request for Bridge Loan Financing May 6, 2015 Request Tibbar is seeking the $3.5 million Bridge Loan to provide required bonds and an insurance policy (Chubbs payments) for final design as required in the lease agreements with WAPA and VIPA, and bring current critical outstanding vendor payments required for close. Tibbar Energy USVI, LLC, is developing and building a biomass/biogas Renewable Energy project on the island of St.Croix, USVI and has secured an executed Power Purchase Agreement ("PPA") and Interconnection Agreement ("IA") with the Virgin Islands Water and Power Authority ("WAPA") to take 7MW of power for a period of 25 years with a 5 year option. The projected revenue based on the PPA is $400M+. Tibbar will produce the contracted power through the process of Anaerobic Digestion ("AD"), based on indigenous resources: fertile agricultural land, tropical climate and rum production by-product. Tibbar will use a proven process used across Europe and the United States, wherein major corporations (such as Disney in Orlando, Bacardi in Puerto Rico, and Gerber in Freemont, Michigan) and municipalities (such as East Bay Mudd in San Francisco) use AD systems which are fed organic feedstock such as food waste, food manufacturing byproducts, energy crops, or cellulose, which are grown specifically to produce biogas that is converted to base load electricity. Unlike AD facilities in Europe and the United States that have to store silage during the colder months, Tibbar is able to capitalize on the Territory's year round optimal growing conditions. Tibbar has contracted with the Virgin Islands Waste Management Authority (WMA) for 2 million gallons per day of the effluent stream from the local Waste Treatment plant for 30 years. This effluent stream alone offers Tibbar absolute feedstock control with predictable yields by using this water for irrigation. In addition to water, fertilizer is needed for d