Bristol Bay Development Fund December 2nd, 2015

Agenda BBNC In-Region History Creation of BBDF BBDF’s Mission & Goals Investment Criteria & Structures BBDF’s Resources Investments to Date Filling a Pipeline

BBNC In-Region History 2011 – BBNC announced it would invest about $30 million in the region Investments would generate a return for BBNC and its shareholders

Creation of BBDF Launched in October of 2014 Purpose of fund is to have a more active presence in the region It is sized at $5 million with active staff, Cameron & John More hands on Creates potential deal pipeline for BBNC

BBDF Mission Mission : To be a catalyst for in-region business start-up, survival, success and growth through effective deployment of financial and non-financial capital

BBDF Goals 1.Facilitate success of start-up and existing businesses in-region 2.Create opportunities beneficial to BBNC Shareholders 3.Support Bristol Bay Economy 4.Deploy $5 million within four years, close fund within eleven years 5.Develop opportunities for BBNC Private Equity Investment Model & improve the credibility of BBNC as a business partner

Investment Criteria Investment can be any business in region or for the benefit of the region Investment Size from $20,000 - $500,000 Investment stages from seed to growth Investment exit strategy is important – BBDF needs to know how it is going to earn a return Investment must have the real potential to return a profit to BBDF

Investment Targets Fishery related businesses Energy Transportation Agriculture & food security Technology Health & Wellness

Investment Structures Equity Debt Convertible Debt

Patient Capital BBDF is like a rich uncle…we believe in the entrepreneur and invest along with the entrepreneur Seed money to get businesses started or growing Higher risk tolerance than other sources of money in the region like banks Can serve as a credit enhancement Typically no debt service

BBDF’s Resources Partnerships with organizations that have similar missions Senior advisors – experts in industry Basic business planning and education referrals

Investments to Date ADESCO, LLC – Started in 2005 – Marine Transportation, Fish Tendering General Contracting – Investment enabled purchase and upgrade of 74’ Landing Craft Viking Constructors, LLC – Started in 2009 – Fish Tendering, Marine Transportation – Investment enabled purchase & installation of tendering equipment, and operational capital

Filling a Pipeline BBDF is actively looking for opportunities BBDF is looking for partnerships and additional resources

Contact Information Direct Phone: Cell: W. 16 th Avenue, Suite 400, Anchorage, AK 99501