AVAC Ltd.

Overview of the AVAC Ltd. program:

AVAC is a Canadian venture capital company that applies its knowledge, network, and capital to advance the commercialization of technology to achieve a sustainable world. Carrot Ventures is AVAC's primary mechanism for achieving this goal. Carrot forms and funds new companies across the entire AgTech value chain. AVAC is also an active limited partner in select Canadian and U.S. venture capital funds.

Benefits of the AVAC Ltd. program:

• AVAC Group has two streams of Investing:
• Carrot Ventures: Carrot is the Third Option for commercializing agricultural technologies.
• Rather than investing in existing businesses, Carrot creates a new company to take your technology to market for you.
• The goal is to maximize shareholder value by creating new companies focused on solving real market problems. Carrot does that by putting novel technology in the hands of professional leadership and making sure companies are properly structured and financed.
• AND
• Funds of Funds: Our fund of funds investing is a balanced mix of technology and AgTech fund investments. We have formed partnerships with top venture capital firms with proven records of success both in Canada and abroad.