1. Accredited Investor Presentation April 2017
Low-Cost Butanol from Carbon Dioxide Emissions
Sustainable Chemistry Powered by the Sun™
Accredited Investor Presentation
April 2017
Gordon Skene, Chairman

2. Focus: Industrial Butanol Market $9 Billion/year
Plastics
Household Cleaners
Paints
Perfume
Solvents
Adhesives
N-Butanol = Normal Butanol = Butanol = C4H9OH

3. Butanol Production cost ≈ $1.95/gallon Wholesale Price ≈ $5.00/gallon
Sun
Phytonix CO2 to Butanol Conversion System
CO2 Emissions
Butanol
Produces
Production cost
≈ $1.95/gallon
Wholesale Price
≈ $5.00/gallon
(Q2, 2017)
High-Value, High-Margin Product

4. Phytonix uses cyanobacteria to produce butanol from CO2
Cyanobacteria are tiny photosynthetic plants found in:
Fresh water
Salt water
Phytonix genetically engineered cyanobacteria
consume CO2 emissions to secrete 100% butanol

5. Photobioreactors (PBRs) to Grow Cyanobacteria
Cyanobacteria are cultivated in PBRs containing water. Cyanobacteria consume CO2 to produce pure butanol.

6. Another type of PBR to Grow Cyanobacteria

7. Carbon-Negative Process
Oxygen
Water (fresh or salt)
≈ 1 ton
Butanol
125 gallons
Carbon Dioxide
1 ton
Sunlight
CYANOBACTERIA
Grown in a photobioreactor (PBR)
Large Greenhouse Gas Reduction!
Superior to other economically viable processes

8. Management Team MANAGEMENT + BOARD OF DIRECTORS TECHNOLOGY &
Bruce Dannenberg Founder & CEO
Gordon Skene Chairman & EVP
Michael Weedon Independent Director
Rick Hopp Independent Director
Bill Cory Independent Director
TECHNOLOGY &
ENGINEERING TEAM
Dr. Peter Lindblad: CSO and Organism Development
Patrick Neill: Director of Engineering
Dr. Gary Anderson: Director, PBR Development
Dr. James Lee: Phytonix Inventor & Scientist
BOARD OF ADVISORS
Advisors with expertise in:
Chemicals Market, Gov’t Climate Change Policy, Business, Finance, Synthetic Biology, Clean Technology.

9. Phytonix’s Key Scientists Angstrom Laboratory, Uppsala Sweden
Dr. Peter Lindblad
Dr. Pia Lindberg
World leaders in synthetic biology, photosynthesis,
and solar chemical production utilizing cyanobacteria
All IP developed by Angstrom under contract is owned 100% by Phytonix.

10. Phytonix: Low-Cost Butanol Producer
Fossil ~ $4.25/gal
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
Propylene feedstock cost (Q1/17)
= $2.25/gallon of butanol
TOTAL COST Q1, 2017
Phytonix CO2 feedstock cost
= $0.35/gallon of butanol
(assumes cost of CO2 = $40/ton)
$1.95/gal
TOTAL COST
Competitors using propylene (BASF, DOW, OXEA, etc.)
have high energy costs + a HUGE carbon footprint.
INCUMBENTS PHYTONIX

11. US Wholesale Price Butanol & Crude Oil
10 year History (2007 – 2016)
Butanol Prices closely correlated with Crude Oil Prices
Butanol Price Jan 2017 ~ $4.75.gal.
Crude Oil Price Jan 2017 ~ $53/bbl.
2006/07
2008
2009
2010
2011
2012
2013
2014
2015
2016

12. Plant Profit vs. Butanol Price (5. 0M gal/year Plant
Plant Profit vs. Butanol Price (5.0M gal/year Plant. High-end Cost Estimate = $1.95/gallon)

13. Strategic Industrial Partners
Shaw Industries (CO2 from natural gas power plant)
- $5 million, 3 stage Phytonix pilot plant secured /18.
- Stage 1 initiated.
- Commercial plant to follow 2019/20
Electric power producer. Coal & natural gas.
- In advanced discussions for 2nd pilot + equity investment.
- Estimated start date for Stage 1: Q3, 2017
Industrial partners emitting CO2 host and fund pilot plants.

14. Other Phytonix Industrial Chemicals Market > $30 Billion per year
Phytonix can genetically engineer cyanobacteria to produce other valuable industrial chemicals from CO2
Iso-butanol
Pentanol and Iso-pentanol
Hexanol, Heptanol & Octanol
Medium & long chain fatty acids: (C8 octonoic acid , C16 palmitic acid, and C18 linolenic acid)
Plus other chemicals
Provides the opportunity for licensing income + multiple liquidity events.

15. See Keiretsu Due Diligence Report
Unit Offering
Offering: $2.5 million
Use of Proceeds
$0.06/Unit:
Common Share + Warrant
Bonus Units:
15%, 10%, then 5%
>> half sold out
Valuation = $7.0m
Pilot testing
Enhance organism yield
Operations
Bus. development with industrial partners
See Keiretsu Due Diligence Report

16. Steps to Success Next 12 Months
Increase butanol Angstrom Laboratory to 5g/litre/week.
Make butanol in commercial LED PBRs at a rate of 2-5 litres/week. Optimize the process.
Customize & test commercially available PBRs to grow cyanobacteria in sunlight.
Start construction of Shaw pilot plant, capacity to produce 200 litres/week of butanol.
Initiate a 2nd pilot plant in another industry.

17. Investor Liquidity Prime acquisition candidate.
Potential 15X to 40X return.
Based solely on the industrial butanol market.
Rising Valuation
Multiple Liquidity Events
Keiretsu DD Report exit value estimate:
- after successful pilot(s)
= $1.2 billion to $1.6 billion
for Butanol
for other chemicals
Dividends from licensing
IPO or Acquisition

18. Backup Slides - General
April 2017

19. Phytonix is NOT a biofuel company!
Fuels are a low-price, low-margin market
Wholesale price of gasoline & ethanol ≈ $1.50/gallon
Butanol price - industrial chemical mkt. ≈ $5.00/gallon
Potential future Phytonix biofuel market for butanol:
Approved for a 16% blend with gasoline. $140 billion/year.
Gasoline engines can run on 100% butanol. $900 billion/year.
Phytonix will initially pursue high-margin, industrial markets for butanol and other solar chemicals.

20. The Phytonix Core Patent – JWL 002
JWL 002 embodies our core butanol production technology.
JWL 002 also provides the technology platform to produce other valuable solar chemicals from CO2 at low cost.
Key features of JWL 002 include:
Ability to inducibly over-express or disable (under-express) the starch hydrolysis and glycolysis (cyanobacteria food production) pathways. This provides a strong barrier to entry. This is key IP for making butanol (or any target chemical).
Without the ability to turn the glycogen pathway on and off, the chemical synthesis pathway would directly compete with the organism's glycogen (food) pathway, severely limiting the production of butanol.
Ability to halt cell division/replication.
Ability to maximize the reducing power of ATP and NADPH to increase photosynthetic conversion efficiency (i.e. photons to butanol).
Proprietary alternative genetic pathways (specific DNA codes) for the synthesis/production of n-butanol.

21. International Patent Portfolio
UNITED STATES PATENT
Patent No. US 8,735,651 issued in 2014
“Designer Organisms for Photobiological Butanol Production from Carbon Dioxide and Water”
OTHER MAJOR MARKETS
EU, Australia and South African patents issued.
Patents expected in other major markets in 2017
PATENT COST
Over $800,000 invested to secure Phytonix patents

22. Butanol Competition
Incumbent fossil-based producers: BASF, DOW, Eastman, OXEA, etc.
Expensive, carbon intensive and energy intensive.
Fermentation/bio-based producers: Gevo, Butamax, Cobalt Technologies, Green Biologics
Biomass feedstock = expensive, generates CO2 as a waste product.
Phytonix solar-based production:
CO2 feedstock = very low-cost process, with low energy cost.
Highly carbon-negative process.

23. Management Team SENIOR MANAGEMENT + BOARD OF DIRECTORS TECHNOLOGY &
Mr. Bruce Dannenberg: Founder, President & CEO. Director. Expertise in commercialization, genetics, and microbiology, Degrees in Zoology, industrial management (M.S.) & M.B.A.
Mr. Gordon Skene: Chairman & Executive Vice President. Former CEO of several technology companies and of a VC technology fund. BSc. (Physics & Economics). MSc. Business Administration (Finance). Former Director of Finance for an industrial corporation with sales of $3 billion, listed NYSE.
Mr. Michael Weedon: Independent Director. Former COO of a large chemical company with 25 years of experience in finance, clean technology and senior management. MBA, Western Ontario.
Mr. Richard Hopp: Independent Director. Over 30 years experience in conventional, and renewable energy, biomass and in advancing companies from concepts to commercial realities. MA in Admin.
Mr. Bill Cory: Independent Director. Process engineer with 30 years experience in operations mgmt., strategic planning and finance. Former executive with Sun Microsystems and Atari. MBA Stanford.
TECHNOLOGY
&
ENGINEERING TEAM
Dr. Peter Lindblad: Phytonix Technology Director, Organism Development. Director of the Angstrom Laboratory and Professor of Microbial Chemistry & Molecular Biology at Uppsala University.
Patrick Neill P. Eng.: Phytonix Director of Engineering: Experienced engineering manager in the water /wastewater industry, including commercializing new technologies. Formerly with Honeywell.
Dr. Gary Anderson: Phytonix Technology Director, Photobioreactor Development. Professor of Agricultural & Biosystems Engineering at South Dakota State University.
Dr. James Lee: Phytonix Inventor & Scientist: Expertise and degrees in photosynthesis, plant physiology, biochemistry, and synthetic biology (Cornell).15 years at Oak Ridge National Lab.

24. Board of Advisors
Dr. Victor Der: Executive Adviser, Global Carbon Capture and Storage Institute. Former Assistant Secretary, US Department of Energy, leading initiatives in clean coal, carbon capture, and oil & gas R&D. Former Chair of the Carbon Sequestration Leadership Forum Policy Group
Mr. Michael Macdonald: Former Senior Vice President, Global Operations, Methanex Corporation, responsible for all manufacturing activities including eight methanol plants.
Mr. Peter Hoyle: Product Manager of Quadra Chemicals, a leading North American distributor of industrial chemicals including butanol. Consultant on renewable resources in industrial applications as replacements to hydrocarbon-based materials.
Mr. Scott Hickman: 30 years of management experience ranging from startups to Fortune 500 firms; 13 years with Sun Microsystems. MBA (Harvard). BS Industrial Engineering (Stanford).
Dr. Robert Stewart: Former Biotechnology Manager at Lanxess, Iogen Biofuels and InBev and an expert on renewable routes for biobutanol production.
Mr. John Robertshaw: Industrialist and commercial real estate developer with a substantial real estate and private equity portfolio. An active investor in emerging technology companies.

25. History Core technology invented by Dr. James Lee.
Core technology invented by Dr. James Lee.
Phytonix acquires exclusive global technology rights.
2010 – 2012
Phytonix contracts leading international experts to develop technology and build IP/patent portfolio.
2014
Phytonix scientists produce 100% n-butanol from CO2 using its proprietary engineered cyanobacteria.
US patent issued May 2014 (No. US 8,735,651).
EU, Australia & South Africa patents issued. Patents expected in 2017 for all key markets.
Discussions with industrial emitters of CO2 to host and fund pilot projects.

26. Phytonix Plant Economics @ $4. 50/gallon High-end Cost Estimate = $1
Phytonix Plant $4.50/gallon High-end Cost Estimate = $1.95/gallon
Small Size
Phytonix Plant
CAPEX
$14 million
Butanol Production
2.5 million gal/yr.
CO2 feedstock
20,000 tons/yr.
Revenue: $4.50/gallon
$11.2 million/year
EBITDA
$8.5 million/year
EBITDA Payback on Investment
≈ 1.6 years
Medium Size
Phytonix Plant
$80 million
25 million gal/yr.
200,000 tons/yr.
$112 million/year
$89 million/year
< 1 year
Phytonix plants are scalable & profitable
Small Plant: ,000 gallons/year of butanol
Huge plant: 500,000,000 gallons/year of butanol

27. Contact: swhitford.phytonix@gmail.com
Investor Information
Due Diligence Report
Contact:
For Further Information, please call:
Bruce Dannenberg
Founder & CEO
+1 (828)
Gordon Skene
Chairman & Executive Vice President
Phone: +1 (604)
Cell: +1 (604)

28. Phytonix Process Flow Diagram – Modified Photosynthesis To Produce Butanol
Series of Photobioreactors (PBR’s)
(Phytonix “Basic” PBRs are culture bags + Arrays) 
“Butanol Syntheses Mode” Cell division halted. Glycogen production stopped.
Cells are secreting n-butanol into PBR culture media.
Energy Source
Sun
(+/or LED)
Tubes
Pipe to PBRs
Cell Culture Room  
Cell Culture Tank
Cells are dividing and producing/storing glycogen. No butanol production at this stage.
New strains of CB in H2O for inoculation
“CB” = Cyanobacteria CB
Water & Cyanobacteria
Sun
(+/or LED) 
Pervaporation System
N-butanol is separated from culture media  O2
O2 is taken off the top of each PBR column. O2 can be utilized by the industrial facility or sold. 
Butanol Storage Tanks 100% n-butanol stored for delivery
100% n-butanol
Pipe 100% n-butanol to storage tanks
CO2 fed to PBRs
C02
Water Source Storage
Water
C02 Storage & Flue Gas Cooling System
Nutrients & Minerals
CB and culture piped to additional PBRs to produce more n-butanol
Flue Gas Emissions From industrial sources
Process continues to the end of the CB’s life cycle. 
Settling Tank/Separation System Remove dead CB solids. Used for biodiesel feedstock, etc.
Pipe dead CBs & water for separation 
Water Recycling
Recycled Water