blue chip investing in the green economy corporate presentation december 31, 2014

Blue Chip Investing in the Green Economy Corporate Presentation December 31, 2014

Overview Founded April, 2007 Focused - Global equity environmental theme fund OM, RSP eligible, FundSERV, RBC IS back office $25 million AUM 120 accredited investors 8 foundations

Introducing Greenchip Financial Corp. John A. Cook President -Former President and COO, MaRS Discovery District -Former President Invesco Canada -Former Executive VP, BPI Financial Corp. Chuck Holt, JD, LLM, CAIA Vice President, Operations -Formerly practiced corporate/commercial law at Shibley Righton Greg Payne, PhD, CFA Vice President and CIO -Former portfolio manager, KBSH Capital Management -Published economist Management Team Board of Directors Guy Burry CEO and Chair, Tenth Power Corp. Rosamond Ivey Chair, Ivey Foundation Tom Heintzman Managing Partner, JCM Capital John A. Cook Chairman Greg Payne Secretary, Treasurer

Investment Thesis Changing demographics, resource scarcity and environmental degradation are creating historic opportunity for renewable energy and resource efficiency technologies and unimaginable risks for business models dependent on an endless supply of cheap resources and the ability to pollute for free.

Greenchips Response Blue Chip Investing in the Green Economy 5 illiquidity/busine ss risk exposure to environmental drivers LowHigh Low High Private Equity Cleantech Small Cap SRI Environmental Investment Universe Greenchip Fund

Our Investment Universe 1) Over 700 companies 1) To qualify, companies must meet environmental revenue tests Revenue over $1 billion 20% from environmental products Revenue over $100 million 50% from environmental products Revenue less than $100 million 100% from environmental products 3) Greenchip Advisory Board Helps determine grey area inclusion in our universe 6.

Greenchips Environmental Sector Universe Equipment/Infrastruc ture Materials/ServicesOperators/Producer s Food Agricultural machinery Irrigation equipment Ag storage and distribution Seeds, crop protection, fertilizers Weather and pricing data Food process advances (e.g. enzymes, proteins) Corporate farms Ag land aggregators Organic/natural products Organic/natural distribution and retail Water Water treatment plants Water distribution pipes, pumps and valves Metering and monitoring Leak detection Water treatment chemicals Water utilities Energy Renewable generation equipment Electricity transmission and distribution infrastructure Metering and monitoring Demand response Biofuels/biochemicals (e.g. enzymes, catalysts) Renewable utilities Biofuel/biochem producers Energy Efficiency Efficient HVAC Green buildings Variable speed motors Green building materials Power management semiconductors Building efficiency services LED lighting Green building managers/REITs Transportation Rail equipment Rail infrastructure Buses Electric cars Biofuels Energy storage Tolling and ticketing systems Public transit utilities Intercity rail operators Capital Risk

How Environmental Sectors Compare to MSCI industrial sectors 8 Source: Bloomberg, MSCI

Focus on Value 1) Screen 700 Companies 1) Perform intensive due diligence over 150 Companies Private equity heritage Management interviews and competitive analysis Use DCF modeling to determine target price 1) Concentrated Portfolio 30 to 35 Companies Invest with conviction Low turnover Disciplined sellers 9.

Portfolio holdings fall into three thematic areas (approximately) Efficient Infrastructure Diversified industrials Engineers and Contractors Utility equipment manufacturers Renewable utilities Fast-growing environmental leaders with superior products and services Biofuels Li-ion batteries LED lighting Etc. 50% of portfolio 30% of portfolio 20% of portfolio

Performance since inception 11 Source: RBC Dexia, Greenchip, Bloomberg, MSCI Standard deviation of monthly returns Greenchip Fund 4.3% MSCI World3.6% CleanTech Index 6.0%

Manage Diversification - by Sector, Market Cap and Geography 12

Examples Infrastructure Build 13 Siemens (Germany) SIE-DE 92.00 (January 7, 2015) 95.10 (Greenchip target) Yield 3.4% Leaders in power production, electricity transmission and distribution, building efficiency, factory automation, water infrastructure, rail, wind turbines AGCO (United States) AGCO-N $42.72 USD (January 7, 2015) $61.45 USD (Greenchip target) Yield 0.8% Agricultural equipment manufacturing company. Strong international reach, room for margin expansion Alstom (France) ALO-PA 26.90 (January 7, 2015) 31.30 (Greenchip target) Yield 0% (pending update) Soon to become the largest publically listed pure play in the rail industry (particularly strong in high speed)

Examples Renewable Utilities 14 EDPR (Portugal) EDPR-LS 5.30 (January 7, 2015) 5.05 (Greenchip target) Yield 0.8% One of the worlds largest renewable energy developers. Assets in Europe and the Americas Boralex (Canada) BLX-T $12.80 (January 7, 2015) $15.90 (Greenchip target) Yield 3.8% Renewable power developer and operator with assets in Canada, Northeastern United States and France Infigen Energy (Australia) INF-AX $0.235AUD (January 7, 2015) $0.42AUD (Greenchip target) Yield 0% Wind power producer with assets in Australia and the United States

Examples - Fast Growing Pure Plays 15 Polypore International (United States) PPO-N $43.30 USD (January 7, 2015) $44.50 USD (Greenchip target) Yield 0% Manufacturer of specialized microporous membranes used in filtration, lithium batteries Trina Solar (China) RSL-N $8.59 USD (January 7, 2015) $21.03 USD (Greenchip target) Yield 0% Lowest cost, best managed integrated Chinese solar manufacturer Centrotec (Germany) CEV-DE 13.98 (January 7, 2015) 18.13 (Greenchip target) Yield 1.4% Energy-efficiency technologies for buildings

Fund Details 1. OM - Monthly NAV 2. RSP eligible 3. Management fee 1% or less (MER under 2% and dropping) 4. Unique performance fee (6% annualized hurdle, charged only when client redeems) 5. FundSERV 16

Disclaimer THESE MATERIALS DO NOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ISSUES RELATED TO AN INVESTMENT IN ANY PROPOSED TRANSACTION DESCRIBED HEREIN. PRIOR TO ENTERING INTO ANY SUCH TRANSACTION, POTENTIAL INVESTORS SHOULD ENSURE THAT THEY FULLY UNDERSTAND THE TERMS OF THE PROPOSED TRANSACTION AND ANY APPLICABLE RISKS, SOME, BUT NOT ALL, OF WHICH ARE DESCRIBED IN MORE DETAIL IN THE OFFERING DOCUMENTS (AS DEFINED BELOW). This presentation has been prepared to provide preliminary background information on the Greenchip Global Equity Fund (the Fund). You should not rely on the information set forth in this presentation for purposes of making a decision to invest or not invest in the Fund. Please consult the Funds confidential Offering Memorandum, available at your request, for a detailed description of the Fund and its planned activities. This presentation may not be distributed, reproduced, or used without the express consent of Greenchip Financial Corp. (Greenchip), or for any other purpose than the evaluation of the Fund by the person to whom this presentation has been delivered. This presentation does not constitute an offer or solicitation in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation. This presentation is not, and under no circumstances is to be construed as a prospectus, a public offering, a private placement memorandum, or an offering memorandum as defined under applicable securities legislation. Any indications of interest from prospective investors in response to the information provided in these materials involves no obligation or commitment of any kind. Any offering will be made only by means of an offering memorandum, private placement memorandum, or other appropriate materials (the Offering Documents) which are available to you from Greenchip at your request. Any investment decisions should be based only on the information in the Offering Documents. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Fund and does not purport to contain all of the information that an interested party may desire. Greenchip has assumed no responsibility for the independent verification of any of the information set forth herein, including any financial forecasts or statements about the prospects of the Fund contained herein. Greenchip makes no representation or warranty as to the accuracy or completeness of this presentation or the information contained herein, or for any omissions from, this presentation or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Fund. The securities described herein have not been recommended by any Canadian Federal or Provincial, or United States Federal or state, or any other, securities commission or regulatory authority. The foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. Nothing contained in this presentation is, or should be relied upon as, a promise or representation as to the future. Any statements, estimates and forecasts are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of the Fund and/or Greenchip. Accordingly, there can be no assurance that such statements, estimates and forecasts will be realized. Greenchip does not warrant or guarantee such forecast in any way. The reader is cautioned that the assumptions used in the preparation of the forecast may prove to be incorrect. The actual results achieved will vary from the forecast results and the variations may be material. There is no guarantee that the forecast will be achieved in whole or in part. Greenchip disclaims any and all liability relating to the information in this presentation, including without limitation, any express or implied representation for statements contained in and/or any omissions from any information set forth in these materials. Greenchip has no obligation to, and does not undertake to, update the data in these materials if the data changes. These materials contain information that is general in nature and accordingly has been prepared without consideration of the investment objectives, financial situation or particular needs of any particular investor. Investors should consider whether the behavior of these investments should be tested under assumptions different from those included in these materials. The assumptions underlying the information presented in these materials may be modified from time to time to reflect changed circumstances. Contact Greenchip for detailed explanations of any modeling techniques employed in the derivation and presentation of such information in these materials. By accepting this presentation, the recipient acknowledges and agrees that: (i) this presentation is confidential; (ii) the recipient will not distribute or reproduce this presentation, in whole or in part; (iii) at the request of Greenchip, the recipient will return this presentation to Greenchip as soon as practicable, together with any other material relating to the Funds which the recipient may have received from Greenchip; (iv) the recipient will, and it will cause its directors, partners, officers, employees and representatives, to use the information only to monitor its investment interest in the appropriate fund and for no other purpose and will not divulge any such information to any other party; and (v) any proposed actions by the recipient which may be inconsistent in any respect with the foregoing will require the prior written consent of Greenchip. Potential investors are advised that securities laws of some jurisdictions restrict any person who has material, non-public information about a company from purchasing or selling securities of such company (and any options, warrants and rights relating thereto) and from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities. By accepting these materials, the recipient agrees not to purchase or sell such securities in violation of any such laws. 17

Blue Chip Investing In the Green Economy Greenchip Financial Corp 70 The Esplanade, Suite 400 Toronto, Ontario M5E 1R2

Gross Monthly Performance 2008, 2009 19 $CADJan 2008 Feb 2008 Mar 2008 Apr 2008 May 2008 Jun 2008 Jul 2008 Aug 2008 Sep 2008 Oct 2008 Nov 2008 Dec 2008 GESF -2.9%-0.4%1.0%-0.4%1.6%-5.9%1.9%2.2%-12.5%-12.8%-4.9%7.9% -24.1 MSCI -7.8%-2.4%3.8%3.3%0.2%-6.0%-1.4%1.8%-11.6%-7.3%-5.1%3.3% -26.7 CTIUS -13.4%-2.3%5.1%7.2%6.6%-7.2%-0.6%3.6%-19.6%-21.9%-7.8%9.3% -38.7 $CADJan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 Jun 2009 Jul 2009 Aug 2009 Sep 2009 Oct 2009 Nov 2009 Dec 2009 GESF -8.2%-3.7%5.2%9.2%2.2%3.9%5.8%2.9%3.2%-1.9%0.7%3.0% +23.3 MSCI -8.3%-8.1%6.6%5.0%0.6%5.5%0.9%5.8%1.6%-1.4%1.9%1.2% +10.4 CTIUS -7.1%-8.3%7.9%13.6%-2.2%5.3%0.1%0.9%4.4%-5.1%1.6%5.2% +15.0 2008 2009

20 $CADJan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 YTD GESF 4.9%-0.8%2.9%1.6%-2.1%-1.9%-5.5%-4.1%-8.7%6.7%-2.0%-0.8% -10.0 MSCI 2.9%0.8%-1.2%1.7%0.0%-1.9%-2.9%-4.7%-2.65.2%-0.1%0.1% -3.2 CTIUS 3.5%-0.1%5.3%-0.4%-1.5%-2.1%-6.9%-5.6%-10.25.8%-0.3%-0.8% -15.5 $CADJan 2010 Feb 2010 Mar 2010 Apr 2010 May 2010 Jun 2010 Jul 2010 Aug 2010 Sep 2010 Oct 2010 Nov 2010 Dec 2010 GESF -0.9%-0.4%1.3%-2.5%-6.9%-3.1%5.5%-0.5%7.0%3.5%-4.5%5.3% +2.6 MSCI -2.6%0.6%1.9%-0.2%-6.3%-2.2%4.8%-0.3%5.2%2.9%-1.3%3.9% +5.9 CTIUS -5.7%-1.4%4.0%2.0%-9.3%-2.4%6.9%-5.1%7.7%2.8%-1.6%5.6% +1.9 2010 2011 Gross Monthly Performance 2010, 2011

21 $CADJan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012 Nov 2012 Dec 2012 GESF 6.6%3.1%0.7%-5.3%-7.8%4.5%-1.4%3.7%1.2%0.2%2.5%4.111.7 MSCI 3.4%3.0%2.8%-2.3%-4.2%3.4%-0.4%1.0%2.4%0.9%0.7%2.1%13.3 CTIUS 6.0%0.9%1.3%-5.0%-5.8%1.1%-4.9%2.1%2.2%0.3%2.7%4.3%4.9 2012 Gross Monthly Performance 2012, 2013 $CADJan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 Nov 2013 Dec 2013 YTD GESF 7.2%2.1%-0.5%1.3%4.9%-2.1%4.4%-0.1%5.0%5.1%1.6%2.7% 35.8 MSCI 5.4%3.1%1.1%2.1%2.8%-0.4%2.6%0.4%2.3%5.4%3.3%2.5% 35.2 CTIUS 6.6%4.8%0.8%-1.7%6.6%-1.4%4.7%0.9%5.5%6.6%3.9%3.6% 46.3 2013

Gross Monthly Performance 2014 22 $CADJan 2014 Feb 2014 Mar 2014 Apr 2014 May 2014 Jun 2014 Jul 2014 Aug 2014 Sep 2014 Oct 2014 Nov 2014 Dec 2014 GESF 0.8%3.5%0.5%2.6%0.9%1.6%-2.8%4.8%-2.2%-1.3%0.7%-2.0%+6.9 MSCI 1.1%4.3%-0.10.4%0.9%-0.2%0.6%1.8%0.2%1.5%3.2%-0.1%+14.4 CTIUS 1.7%6.6%-1.4-2.7%0.3%0.0%-4.7%2.3%-4.1%0.0%2.7%-0.5%-0.3 2014