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Disclaimer
ProCone GmbH and the BCT Group of Companies (the Companies) has taken reasonable care in producing and publishing information
contained in these documents, and will endeavour to update it regularly. Material in these documents may contain technical or other
inaccuracies, or are not up to date at any given moment in time and must not be relied upon for any material purposes.
These documents are not, and nothing in it should be construed as, an offer, invitation or recommendation to sell, or a solicitation of an
offer to buy any of the Companies products in any jurisdiction. Neither these documents nor anything in it shall form the basis of any
contract or commitment. These documents are not intended to be relied upon as advice to investors or potential investors and does not
take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in
consultation with a professional advisor of their choosing when deciding if an investment is appropriate.
The Companies have prepared these documents based on information available to it, including information derived from other sources
that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness,
accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should
not be considered a comprehensive representation of the projects cash generation performance. The financial information included in
these documents are preliminary, unaudited and subject to revision upon completion of the PreFeed closing processes. All forward–
looking statements attributable to the project or persons acting on its behalf apply only as of the date of these document, and are
expressly qualified in their entirety by the cautionary statements included elsewhere in these document. The financial projections are
preliminary and subject to change; the Companies undertakes no obligation to update or revise these forward–looking statements to
reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some
assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate financial results. Projections are
inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive
risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved
may vary significantly from the forecasts, and the variations may be material.
ProCone GmbH
Brühlstrasse 5
CH-4800 Zofingen AG
Tel: +41 62 216 8080
Fax: +41 62 216 8081
info@procone.org
www.procone.org
BCT Group of Companies

ProCone GmbH
Bruehlstrasse 5
CH-4800 Zofingen AG
Concept Draft for
Blue Conversion Project
Project Summary
Position / Description
Column
Number 1
Column Column Column
Number 2 Number 3 Number 4
1.0 Plant Dimension Base
Hours per year Capacity per hour
Capacity per day Capacity per year
1.1 Feedstock ARB / DS = 70.0% MSW 8,760 h/y 17.12 t/h 411.0 t/d 150,000 t/y
1.2 Feedstock Dry base = 88.0% MSW 8,760 h/y 13.62 t/h 326.9 t/d 119,318 t/y
1.3 Necessary Feedstock processing capacity 8,000 h/y 14.91 t/h 358.0 t/d 119,318 t/y
2.0 Selection of Plant Concept
Processed Feedstock Power production
Liquid (EtOH) production Equipment Price
2.1 Model 9,000 Power Line(s)= 2 18.00 t/h 27.00 MWel. 0.00 Mt/h 121,800,000 USD
2.2 0.00 t/h 0.00 MWel. 0.00 Mt/h 0 USD
2.3 0.00 t/h 0.00 MWel. 0.00 Mt/h 0 USD
2.4 0.00 t/h 0.00 MWel. 0.00 Mt/h 0 USD
2.5 Capacity of selected Plan Concept
18.00 t/h 27.00 MWel. 0.00 Mt/h 121,800,000 USD
3.0 Selected Plant Concept
Plant performance Capacity per hour
Capacity per day
Capacity per year
3.1 Total Plant / Feedstock processing capacitiy
18.00 t/h 18.00 t/h 432.0 t/d 144,000 t/y
3.2 Total Plant / Power production capacitiy
27.00 MWel. 27.00 MWh/h 648.0 MWh/d 216,000 MWh/y
3.3 Total Plant / Heat production capacitiy
45.00 MWth. 45.00 MWh/h 1,080.0 MWh/d 360,000 MWh/y
3.4 Total Plant / Liquids (EtOH) production capacitiy
0.00 Mt/h 0.00 Mt/h 0.0 Mt/d 0 Mt/y
4.0 CAPEX / Budgetary Investment Summary TIC 100% 146,160,000.00 USD
4.1 Budget Investment Summary for Equipment only
80.0% 121,800,000.00 USD
4.2 Plant Local Cost / Infrastructures, Buildings, Utilities & Offsites, etc. 20.0% 24,360,000.00 USD
5.0 Basis for Cashflow Case Studies
5.1 Insert Name for Operational Case Study: Standard Case Insert operating days (max. 340):
300 d/y 7,200 h/y
5.2 Insert Sales unit price and utilization factor for Power Sales (Electricity)
165.00 USD/MWh Utilization Factor Power:
90.00 %
5.3 Insert Sales unit price and utilization factor for Heat Sales (Steam) 82.50 USD/MWh Utilization Factor Heat:
0.00 %
5.4 Insert Sales unit price and utilization factor for Liquid Sales (EtOH) 0.00 USD/Mt Utilization Factor Liquids:
0.00 %
5.5 Insert Sales unit price and utilization factor for MSW Disposal Fee's 99.00 USD/Mt Utilization Factor MSW:
100.00 %
5.6 Insert Cost unit price and utilization factor for Feedstock Cost 0.00 USD/Mt Utilization Factor Feedstock:
0.00 %
Date: 29.10.2016 / AGF Filename: 220509-WtE-Cluj-Napoca.xlsx Page 1 of 2

ProCone GmbH
Bruehlstrasse 5
CH-4800 Zofingen AG
Concept Draft for
Blue Conversion Project
Cashflow Forecast EUR
Position / Description Utilization
Specification
(Standard Case) Factor
per Year
Unit Price Annual Amount
EUR EUR/y %
10 Operating Income (Benefit) 7,200 h/y 5,682 40,907,314 100.0
11 Power Sales (Electricity) 90.0% 194,400 MWh/y 150.00 26,244,000 64.2
12 Heat Sales (Steam) 0.0% 324,000 MWh/y 75.00 0 0.0
13 Liquid Sales (EtOH) 0.0% 0 Mt/y 0.00 0 0.0
14 MSW Disposal Fee's 100.0% 162,926 t/y 90.00 14,663,314 35.8
20 Operating Cost (Expenses) 7,200 h/y 1,488 10,712,864 26.2
21 Fixed Cost 100.0% 3.00 % 132,872,727 3,986,182 37.2
22 Maintenance Cost 90.0% 4.50 % 110,727,273 4,036,009 37.7
23 Operating Cost 90.0% 3.00 % 110,727,273 2,690,673 25.1
24 Feedstock Cost 0.0% 162,926 t/y 0.00 0 0.0
30 Operational Annual Profit (Cashflow) 7,200 h/y 4,194 30,194,451 73.8
40 Cost/Benefit-Factor (CBF) 26.2 %
50 Return on Investment (ROI) 4.84 Years
60 Actual Currency Exchange Rate
USD/EUR 1.10
Date: 29.10.2016 / AGF Filename: 220509-WtE-Cluj-Napoca.xlsx Page 2 of 2