Develop Broader Capabilities: Bio-Based Chemicals World Biofuels Market Brazil September 28, 2011 Ed Dineen, CEO

What’s in a name?

To continue to sustain life as we know it with a growing population in the billions, the world needs practical, commercially relevant technologies that enable renewable alternatives to petroleum-based products. LS9 is bringing these technologies and products to the world.

life sustain billion

Life sciences enhancing human life.

Representing the significant quantities of renewable fuels and chemicals that will be used by billions of people on our Earth.

As in preserve and renew.

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Replace the “whole barrel”

Gasoline

Diesel/ heating oil

Aviation

Chemicals

Heavy fuel, coke, gases

Barrel of crude oil products

Current biofuels

LS9 BioProducts

Lower value

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New LS9 focus

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Better understand and exploit the full range of our technology platform

Define/drive commercialization pathways

Build the management team and strengthen/grow technology team

Deliver new funding sources

Simple Efficient Processes

Aqueous (sugar)

Organic (fuel)

Diverse Renewable Feedstocks

Engineered Microbial Catalyst

Single microbial transformation from sugar to

finished product

Synthetic Biology

Drop in:

- Fuels - Chemicals

• Platform • High yield • Simple

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Our value creators

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Better, more stable cost position

Production optionality

Ability to target specific, dedicated large volumes for new uses

Ability to bio-directly produce higher value products (derivatives of oleochemicals)

New materials: odd chain, beta-hydroxy esters, selective olefin content, unique branching

Portfolio pipeline

α olefins

Internal olefins

Amines

Amides

Bi-functional molecules

Ketones

Longer (>C20) molecules

Other Alcohols Other Esters Paraffins LS Jet™ (Alkanes) LS Diesel™ (Alkanes) LS Kerosene™ Aldehydes Waxes

LS Diesel™ (FAME/FAEE)

LS Jet™ (via FAME)

Specialty esters

Fatty alcohols (C10-C18)

CO

MM

ERC

IALI

ZATI

ON

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Initial-to-medium term chemical market fits

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Linear FALC

Fatty Esters

FAC

Aldehydes

Alkanes

Internal &

ά olefins

Branched

ALC, AC

, Esters

Market $B

Detergents & cleaners X X X X X 100 Lubricants & fuel additives X X X X 45

Plasticizers X X 7 Personal care X X X 5 Polymer comonomers X X 2 Fragrance chemicals X X X X 2

LS9, Inc.

LS9 additional chemical opportunities

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New green markets – green plastics, phthate replacements biodegradable surfactants

Enhanced oil recovery/gas fracking chemical solutions

Higher value products via research & development extensions

Bi-functional molecules for engineering resins

LS UltraClean™ Fuels

We are bringing a family of sustainable fuel products to the market

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- LS Diesel™ (FAME) - LS Diesel™ (FAEE) - LS Diesel™ (Alkanes) - LS Kerosene™

(lower chain FAME) - LS Jet™

(via FAME/FALC processing) - LS Jet™ (Alkanes)

Very Large Global Markets: Diesel/

Kerosene $1.5 Trillion/yr.

Aviation Fuels

$300 Billion/yr.

We have multiple initial commercialization pathways

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P&G Venture – alcohols

Alcohol offtake partners

Ester offtake partners

Fuel license with/without chemicals

Fuels partnership

And significant potential to grow based on existing market drivers and new market outlets

LS9, Inc.

South San Francisco, CA

Scale-up plans

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Okeechobee, FL

Feedstocks

Geographic positions U.S. Brazil Thailand China EU

Traditional sources Sugar cane Sweet sorghum Corn Sugar beet

By-products as feedstock Molasses Glycerin

Forge alliances/integration validation with new technologies

HCL CleanTech Chemtex Abengoa

Wood Bagasse Corn stover Switchgrass

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Strategic focus Examples

Competitive position vs. Other advanced bio product strategies

One core product / One primary market

One core product / Multiple markets

One product family / Multiple markets

Multiple product families / Multiple markets

Cellulosic ethanol

n-butanol, l-butanol, Farnesene

Algae based oils

Alcohols, esters, alkanes, olefins, aldehydes, etc.

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Board of Directors

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Board Observers: BlackRock Procter & Gamble Chevron

Noubar Afeyan Flagship Ventures

Vinod Khosla Khosla Ventures

Peter Nieh Lightspeed

Venture Partners

Charles Cooney Massachusetts

Institute of Technology

Ed Dineen LS9