Boreal Renewable Energy Development Ferriter Scobbo & Rodophele PC Outback Engineering Richard C. Gross, Inc. March 12, 2009 Notus Clean Energy LLC Wind Turbine Generator Pre-Bid Meeting

2 Presentation Overview  Project Summary/Background  RFP Structure Goals / Preferences USDA / MTC Requirements Specific Item  Pending issues FAA Interconnection Building permit  Questions not yet covered  Site Walk

3 History - Highlights  2005: Feasibility Study  2006: MTC Design & Construction grant  2007: Local by-law changes to allow wind turbines in areas zoned light industrial USDA 9006 grant awarded  2008: All permits / approvals acquired Green Communities Act – Allows for net metering RFP issued FAA approval rescinded  2009: Interconnection application submitted Pre-Bid Meeting

4 Site Plan

5 Ownership Structure  Notus Clean Energy, LLC will own the turbine  Float Realty Trust owns the land & building  The turbine will be interconnected behind-the-meter at 82/100 Technology Park Drive Currently leased to Teledyne Webb Research

6 Goals & Preferences  Largest turbine feasible Maximize output (renewable energy is good) Economies of scale  Behind-the-meter Net metering now allows for near retail rates

7 Structure of Proposal  1) EPC services  2) O&M services Strongly prefers bundled proposal, but will accept separate EPC and O&M proposals  Additionally, D&B alternative using the Vestas V82 “Under the D&B Alternative, Notus would enter into a WTG purchase agreement with the MTC and immediately assign its rights and obligations under that agreement to the successful Bidder.”  All the above except potential procurement of the V82 from the MTC on a turnkey basis

8 Basis of Award  Competitive negotiation “Negotiations are normally conducted with more than one of the Bidders. Discussions and bargaining are conducted with a view to reaching agreement on the technical quality, price, other terms of the proposed contract and specifications.”  Criteria for award is defined in 2.2 Experience is implicit items (c) O&M contractor and (d) Project Completion Date

9 EPC Scope of Services Highlights  Procure / supply 0.9 to 1.65 MW wind turbine  Take over design Electrical interconnection work with Richard Gross  Acquire local building permit and roadway permits  Transport, site prep, site security during construction, install, SCADA  Start-up, testing & commissioning of turbine and SCADA system  Acceptance Test (proposed by contractor)  Optional elevator

10 EPC Scope of Services Highlights (2)  Warranty 5 years Optional additional 5 years  Availability or Power Output Guarantee Liquidated damages  Substantial completion by a specified date requirements

11 D&B Alternative  EPC Obligations less Turbine procurement Turbine transport to site, including permits

12 EPC / D&B Pricing / Payment / Contract  Pricing Lump sum not-to-exceed Open book basis  % of profit to Bidder  Not-to-exceed cap  Payment Based upon achievement milestones  15% reserved until Final Acceptance  USDA requires use of EJCDC contract documents USDA has provided $300,000 grant

13 O&M Highlights  5 year warranty  Option for evergreening  Remote monitoring  Responsible for Warranty / Power Output  Establish & maintain spare parts  Train Notus staff & provide documentation

14 Pending Permits / Approvals  Permits / Approvals Notus is working on: FAA NSTAR interconnection for a V82  Assume if this is approved NSTAR will approve smaller turbines Notus pays NSTAR Interconnection costs  Contractor is required to acquire Building permit Roadway permit (not if V82 D&B) NSTAR Interconnection, if not a V82

15 Proposals  Due 4:00 pm March 27 th Tom Michelman c/o Boreal Renewable Energy Development 43 Margaret Street Arlington, MA

16 Questions / Site Walk  Questions before the site walk  Site walk  Opportunity for additional questions post site walk