Shared-X Impact Report 2021

Shared-X
Impact Report
- 2021 -

Content
Pg.
A Letter From Dr. Tony Salas, CEO
2021 Highlights
Impact Farming
Smallholder Impact
Environmental Excellence
Regenerative Agriculture Takes Off
Leading By Sharing
Looking Towards 2022
2
3
4
5-6
Social Investment 7
8
9
10
11

“…to survive isn’t necessarily to thrive;
Shared-X sees constant innovation as
an essential ingredient to ensure a
better tomorrow for every farmer, while
protecting the future and food security
of everyone.”
2
Dear Friends & Fellow Shared-X’ians,
What a year for Impact Farming! Through the acceleration of key businesses, Shared-X has completed its
ecosystem of regenerative agriculture. Paying attention to soil health and understanding the biodynamics of
nutrient uptake, carbon sequestration and microbial activity is key to the establishment of a sustainable
farm. This enables our impact to be even deeper and broader than before, by creating the most well-rounded
and sustainable impact on important environmental, social, and governance components (ESG) in the food
industry.
Specifically, Shared-X’s Impact Farming principles are now fundamental in the three divisions we have
accelerated, each of them in their own way helping to scale Shared-X’s business and impact: Bananica -
organic fresh fruits; Nampi Foods - specialty and functional superfoods, and Kumara Farms - medicinal
botanicals. This complete portfolio of companies launched by Shared-X guarantees industry leading access
to premium markets and leading technologies for associated farmers, while at the same time reinforcing the
important ESG components of Impact Investing.
Since adapting to new market and environmental challenges comes second nature in the Impact Farming
model, this past year tested one of our principal core values: be bold. To survive is not necessarily to thrive;
Shared-X sees constant innovation as an essential ingredient to ensure a better tomorrow for every farmer,
while protecting the future and food security of everyone. No more apparent is the need for innovation than
in the face of climate change; notably, specialty crops are even more vulnerable. Therefore, we are
promoting the use of biostimulants to cope with a stressful environment in the fields. New benchmark yield
marks will be established when we think about nurturing the soil and start understanding the effects of
biostimulants in the different metabolic pathways of the plants.
On the investment side, we are seeing how the capital market is accommodating the need to incorporate
investment strategies that generate real ESG indicators, or the establishment of funds that specifically invest
in impact companies. I still perceive that this is a process in the making, sometimes with more desire than
knowledge, trying to address aspects that need deeper reflections or problems that are solved in the long
term with a holistic and multisectoral approach. Importantly, it is refreshing to see how there is a growing
awareness of Impact Investing, when no more than 5 years ago, it was an issue that went unnoticed.
Shared-X has become a strong biology-based regenerative agriculture solutions company covering a range of
applications. Investors, entrepreneurs, farmers, and consumers – all stakeholders – only together can we
build a bridge into the future that is more food secure and environmentally sustainable.
Cofounder & CEO

3
2021 Highlights
CREATING A MORE IMPACTFUL WORLD
BY THE NUMBERS:
Directly impacted
+10,000
agriculture family
members
Increased women
In coffee associations
by
142%

4
Impact Farming
Shared-X’s regenerative agriculture companies are taking
aim at the traditional farming model and catalyzing a global
Impact Farming movement, in a way that generates
attractive investor returns, while at the same time lifting
smallholder farming communities out of poverty and
positively impacting ecosystems more broadly.
In 2021, Shared-X has completed the acceleration of its
four fundamental companies, which employ Impact Farming
and regenerative agriculture principles.
Functional
Foods
Fresh
Produce
Medicinal
Botanicals
A Year In Review
Up to 30%
Increase yield from
biostimumlant
trials
240%
Increase in coffee
smallholder
farmers’ land (ha)
Hub farms are the backbone of
the Impact Farming model and
offer a practical laboratory for
new discoveries and a proof of
concept of its innovative
techniques to increase yields.
In 2021 Shared-X businesses
have grown farm operations to
process larger volumes of crops,
improve transparency and
traceability, and update
certifications. All hub farms are
now certified organic.
Shared-X has adhered to the Global
Impact Investment Network (GIIN) IRIS
(Impact Reporting and Investment
Standards) system of key performance
indicators. This system is being
adopted as the standard for impact
investment, allowing to make accurate
observations across industries. Shared-
X reports on 23 KPI’s from the IRIS
catalogue. Of the 23, 14 correlate with
the 17 Sustainable Development Goals
(SDG) in the image to the right, set by
the United Nations Development
Programme (UNDP): 1, 2, 3, 4, 5, 6, 7,
8, 9, 10, 11, 12, 13, and 15
To ensure healthy lives and promote well-being: Kumara Farms in
alliance with health professionals who generated medical evidence in
Cannabis Tumor Treatment delivered 12 free webinars with over 100
attendees from 12 countries.
Promote sustained, inclusive and sustainable economic growth: In 2021
Shared-X micro financed over 100 hectares of coffee plantations owned
by smallholder farmers, ensuring the application of nutrients and the
timely pruning and harvesting, enabling yield and income increase.
Halt biodiversity loss: due to shade growing of coffee and protection of
close to 300 hectares in our farms, the number of sightings of wildlife
like sloths, monkeys, reptiles and birds has increased significantly.

Smallholder
Impact
5
Shared-X’s deep impact goes beyond traditional corporate social responsibility
(CSR) measures; we strive for long term and permanent relationships, where
our integrations are fundamental to the success of our partner farming
communities and our shared socioeconomic success.
While Shared-X farms aim to achieve the same level of access for all
smallholder farmers, the methodology is distinctive to each farming operation,
due to crops management, climate, and local social and environmental factors.
Nampi Foods and Bananica demonstrate the ability of the Impact Farming
model to adapt to smallholder farmers’ unique situations.
Nampi Foods farms produce specialty cacao and coffee beans for local consumption in Peru
as well as for premium export markets around the globe. While the smallholder farmer model
is only beginning in cacao, the specialty coffee commercialization team counted on nearly four
containers of coffee from partner farmers. Farmers delivered coffee to our hub farm and
processing station, where the coffee is weighed and purchased. Once the coffee is processed,
cupped by our quality specialist, and scored by customers, smallholders are paid a bonus
payment for quality. This bonus payment not only ensures equitable pay, but also guarantees
that smallholders earn more working with the Impact Farming model than without it.
# of
Farmers
Association,
Committee, or
Cooperative
Specialty Coffee
Area
(hectares)
% of Area
microfinanced by
Shared-X
Kg of Berries
2020-2021
40 Flor de Café 117.75 54.50 272,558.00
7 Los Pinos 21.00 9.00 40,351.00
12 Copaceyba 32.20 16.00 83,957.00
9 Alto Esperanza 28.75 17.50 10,494.65
7 Villa María 11.00 6.50 2,545.85
1 Comité los Claveles 3.00 1.00 361.60
13 El Milagro 25 0.00 40,684.00
9 Eñenas 20 0.00 218,465.37
98 8 258.7 669,417
In the 2021 season, 669,417 kilos of berries
were purchased from 8 SHF organizations,
involving a total area of 259 has, of which
105 were fully and/or partly financed by the
Shared-X Impact Farming Model.
Smallholder Productivity: 2021 saw a
general increase in smallholder yield. Top
producers for Copaceyba Cooperative,
Señor Grimaldo Huayana harvested 48.5
quintals/hectare. For Flor de Café Señor
Inocencio Ortiz 24.5 quintals hectare.
From 2020 to 2021
Added
6new
smallholder
associations
Grimaldo
Inocencio

Smallholder
Impact
6
Bananica’s smallholder impact is distinct from Nampi Foods; the model aims to
facilitate direct commercial access for smallholder farmers, whereas Nampi Foods
continues to represent smallholders in commercial situations. As smallholder farmers’
production processes and certification needs vary wildly from one crop to the other in
fresh produce, Bananica is focused on consolidating information, supporting logistics
operations, and offering administration services to allow smallholders greater
empowerment and control over their businesses. This hands-free support for fresh
produce allows Bananica to work with multiple smallholder association across a variety
of crops, adjusting to their needs instead of imposing solutions.
Banana Smallholders
Smallholder Empowerment: in 2021, due
to reduction on the premium paid by Fair
Trade, Bananica began empowering
smallholder associations to control the
entire commercialization process,
including exportation. Bananica provides
guidance and the use of its processing
and packing facilities.
Association,
Committee, or
Cooperative
# of
Farmer
s
Area
(ha)
Banana
(tons)
COOPABOSF 95 101.02 2620
APAGA 29 84.7 2334
ABOLAP 1 0 20.1
COOPAPBACAO 27 70 1815
TOTAL 152 255.72 1836
Organizations Exporting Banana
With Shared-X Support
Association
#
farmers
Area (ha)
APAGA 42 113.15
ASPROBO 27 69
Avocado Smallholders
(independent producers)
# of
Farmers
Yield
(ton/ha)
Area
(hectares)
Avocado
Production Sold
(tons)
17 17 54 877
Long term
agreement
ensures
sustainability of
SHFs and their
families
Financial
inclusion via
loans or
banking
association to
get the export
started
Shared-X logistical
and commercial
support enables
APAGA and
ASPROBO to
export directly
Supply chain
logistics –
traceability and
avoid cargo
contamination
Relationship
with suppliers
of G&S in the
same or better
conditions than
Bananica
Follow-up and
support in
quality, process,
and product
certification
audits
Increased avocado
smallholder yield by
6.7%
Facilitated the
direct export of
containers of
6.5 banana/ week

7
Social Investment
IN 2021, SHARED-X COMMITTED TO:
Empowerment: A primary goal of Shared-X’s
relationships with smallholders is empowerment,
so they can control their own commercial and
operations decisions. One great example of that
success in 2021, was Bananica’s assistance to
smallholders such as APAGA (pictured on right),
reduced fees paid to Fair Trade. Smallholder
associations now control the entire
commercialization process, including exportation.
Bananica provides guidance and the use of its
processing/packing facilities.
Smallholder Women: Bridging the gender gap is
fundamental to Shared-X businesses’ social
impact. There is no better example of this progress
in 2021 than Nampi Foods’ work with the El
Milagro coffee growers’ association. Most of the
23 Yanesha native members of the association are
women (a member, Bertha Merino, is pictured on
the right). In this past season, we purchased
40,684 kg of berries from them. In 2022 the goal
is to purchase 125,000 kg to be marketed as
‘Yanesha Women Owned Coffee’.
Health and Wellness: Nothing parallels the reach
and impact of Kumara Farms’ Peruvian medical
cannabis company, Cann Farm. Cann Farm has
completed 12 free webinars to date with over 100
attendees from 12 countries. However, one of the
most interesting and promising social partnerships
yet is with the Medicinal Cannabis Peruvian
Association to offer 20 patients, which were
diagnosed with autism and epilepsy, Epifractan for
three (3) months free of charge.
Employees Trained
Subject Male Female
Sexual Harassment 148 78
Workers Rights 123 108
Equality in the Workplace 149 79
Health and Nutrition 123 108
Health Insurance 150 79
3,200
Medical cannabis
prescriptions fulfilled

Environmental
8
Excellence
Since 2019 all Bananica and Nampi Foods farms in Northern and Central Peru have increasingly applied
regenerative agriculture practices, including no tillage, native plant cover in between rows of target crop,
promotion of healthy soil microorganism ecosystems by applying compost tea and use of compost to improve the
organic matter content in the soil, as well as favoring the development of a healthy soil biota.
With both companies’ farming operations basted in Peru, Nampi Foods and
Bananica have 12 different social and environmental certifications. Not only
do these certification grant access to markets and premium pricing, but they
are also direct reflections of the Impact Farming value system:
Regenerative agriculture businesses inherently aim to reduce
carbon footprints, whether through soil rejuvenation practices
using organic biostimulants and composts, or by incorporating
comprehensive environmental sustainability practice throughout
the value chain, from protecting natural environments on farms to
packaging for end consumers. Since Shared-X operates farms on
over 1,000 hectares of land and participates in every link of the
value chain, while aiming to lead regenerative agriculture through
the Impact Farming model, we take our carbon footprint seriously.
Native Soil Cover
Composting
Organic Matter Content in Soil (COCOA)
Sample Depth cm %
Rio Santo 20 3.98
Control 20 3.71
Rio Santo 40 2.43
Control 40 2.51
Organic Matter Content in Soil (COFFEE)
Sample Depth cm %
Matapalo 20 7.2
Control 20 4.26
Matapalo 40 3.75
Control 40 2.52
Organic Matter Content in Soil (TREES)
Name Species Number
Pacae Inga spp. 2000
Sangre de grado Croton spp. 50
Roble Aniba spp. 200
Nogal Juglans neotropica 70
Wito Genipa americana 500
Pumaquina Aspidosperma 20
Lupuna Ceiba pentandra 50
Bolaina Guazuma crinita 2760
Unidentified tree species 3000
TOTAL 8650
Organic matter content in soil at two depths (20 and 40cm) in our
coffee and cacao farms was measured. Matapalo farm, where
regenerative practices have been applied since 2018, shows a
clear difference compared to control soil samples taken in
conventionally farmed adjacent plots.
Samples taken at the Rio Santo cacao plantations are superior to
its neighboring plots. It must be noted that the contents obtained
are well above those of cacao plantations in 22 comparable Selva
Central locations (Satipo, Pangoa, Mazamari), where the soil
organic matter content average is 2.2%.
Recycled
30 tons of
plastic sheaths
into pallet corners
In 2021
100%
of Shared-X farms
became organic

Regenerative
Agriculture Takes Off
9
Shared-X’s line of biostimulants, under the portfolio of iQBiotech products, aims launch and licence regenerative
agriculture products, as well as grow farmers’ understanding of the benefits of biostimulants. In 2021, the iQB
team carried out close to 1,000 site visits with small, medium, and large agricultural businesses and independent
farmers.
Highlights from 2021:
Dealing with climate change
• One way of mitigating the impact of extreme climate change uncertainty is
to apply biostimulants, proven to reduce stress-induced negative effects
on plants. Several trials with IQForte have shown crops to be more
resistant to severe changes in temperature or water conditions.
Dealing with soil health
- By applying IQForte to the soil, we are increasing the amount of carbon
in the soil microbiome, thus increasing, diversifying, and strengthening
colonies of microorganisms. Those microbes are essential for carbon
sequestration and making nutrients available for plant uptake.
Field Trials
Countries 8
Crops 15
Total area under
regenerative agriculture
management
systems (ha) 1047
57%
Increase of
coffee pulp recycled into
compost or returned to the fields

10
Leading by Sharing
Shared-X believes that the best way to lead is by example. There is no better way to do that than by sharing
information openly and transparently, so that the agriculture community can compete and thrive. We do not see
competitors, but rather partners in achieving regenerative agriculture goals that benefit every environment and
community, equitably.
In 2021, a webinar was conducted by Cann Farm in
partnership with the Peruvian Neurology Society and
featured Dr Ethan Russo, a world leading authority in
cannabis. The event was attended by 500 professionals
from 19 countries.
Impact Farming
Master Class
Tony and John teamed up to give a masterclass on
Impact farming and regenerative agriculture. The
class was intended to give an overview of
biostimulant technology and benefits of regenerative
agriculture techniques.
Technical Training
Employees 251
Bananica Banana SHF 40
Avocado SHF 75
Anana-X Employees 57
Employees 332
Nampi Foods
Coffee SHf 98
Cacao SHF 56
Ginger 36
TOTAL 945
Native Community Training
Nampi Foods conducts frequent technical trainings on
crop management for cacao with neighboring native
communities. The below photo was after a training in
the cacao farm with 57 native community members.

11
Looking Forward
To 2022
The past year has been a tremendous challenge, which the Shared-X family has met with creativity
and a sense of purpose, achieving many of its goals despite such a difficult context. In the year
ahead, our primary focus will be to further deploy our Impact Farming model, thus incorporating
more smallholder farmers and keeping up the pace in the development of our operations with
regenerative agriculture and carbon sequestration. Some key milestones for Shared-X’s regenerative
agriculture business are as follows:
• Expand our line of biostimulant solutions and organic inputs to 9 countries, including the US.
• Perform assays in new crops, with emphasis on our core production: coffee, cacao, banana and
pineapple. Our R&D efforts should lead to yield increases in these crops from 5 to 30% and to
further breakthroughs to improve our regenerative agriculture approach.
• Commit to calculate our carbon footprint and to develop mechanisms to increase carbon
retention through our agricultural practices, thus halting deforestation by our smallholder
associates and reducing our Scope 1 and 2 emissions.
Shared-X’s independently operating businesses are aiming for specific impacts within their sector.
Some highlights to look forward to in 2022 are the following:
Nampi Foods – specialty and functional superfoods:
• Increase our exportable coffee production purchased from our smallholder farmer associates to
11 containers.
• The goal is to purchase 125,000 kg to be marketed as ‘Yanesha Women Owned Coffee’.
Bananica – organic fresh produce:
• Incorporate new avocado farmers, totaling 110, with a cultivated area of 330. This will result in a
3-fold increment in our exports.
• Increase our own blueberry production by 85 hectares to a total of 100 hectares.
Medical Botanicals:
• Double the number of patients and doctors reached.
• Fulfill more than 5,000 medical prescriptions.
In addition to these goals, and with a better understanding of the Covid threat, Shared-X will reinitiate
its training sessions for smallholder farmer communities. We expect to consolidate our
relationship with smallholders, who supply lumber from certified forests to our sawmill in Puerto
Bermudez, and incorporate them into a model similar to our coffee program.
Impact Manager

2021 Impact Report
This report was created by Shared-X LLC to include its affiliated and subsidiaries.
SHARED-X LLC
2925 Woodside Rd, Woodside, CA 94062, USA
www.shared-x.com
Every photo in the 2021 Shared-X Impact Report was taken by an employee or contractor on or near properties we own and farm. We are extremely proud of these images,
which attempt to show the amazing work done alongside smallholder farmers and their communities. While we reserve the rights to each photo, we share this report publicly.