Today’s Agenda

2. Today’s Agenda • 30 minute webinar followed by Q & A • Conterra Team Introductions • Conterra’s lines of business • Alternative Lending Program • Credit guidelines • Process • Servicing

3. Conterra Credit Team (855) 381-3451 | info@conterraag.com | www.conterraag.com

4. Lines of Business

5. Stonehenge Rural America Fund • Rural Business Investment Company (RBIC) licensed by the USDA • JV between Conterra and Stonehenge Capital • Currently raising capital • Bank Investment is • Exempt from the Volker Rule • Qualifies for CRA credit • Stonehenge has an excellent return history • Contact Conterra for more information

6. Farmer Mac Seller

7. Farmer Mac Loans • Conterra is a Farmer Mac Master Central Servicer and seller • Lenders can sell through Conterra • Conterra will package Farmer Mac loans if requested • Conterra brings unique benefits as a Farmer Mac Servicer • Co-Label Billing: Allowing lending partners to build and maintain their unique brand identity • Seller Portal: Providing real-time access to information for all loans sold to Farmer Mac • Borrower Portal: Providing each borrower access to loan information 24/7 • Online statement access

8. Alternative Lending

9. Alternative Lending • Conterra has established pools of capital with a focus on loans that do not meet traditional lending standards • Transitional financing • Debt restructures • Bridge loans and special circumstances • All Conterra fund loans are held in portfolio and not sold to a third party • Conterra has relationships with investors for distressed loan purchases

10. How the Conterra Fund helps you, The Lender • Generate fee income now and through the life of the loan • Shed credit risk and improve portfolio quality • We finance real estate, bank retains operating loans, vehicle loans, and deposits • Co-label billing to keep you in front of the customer • Portal that allow you to monitor the loan’s performance • As the borrowers financials improve the lender has the option of refinancing or selling the loan to Farmer Mac

11. Conterra Fund The predominant alternative lending program to date and is intended as a transitional lending program: • Loans are secured by first mortgages on farm real estate • Loan size range from $500,000 - $10,000,000 • Working capital can be built into the structure • Analysis weighted on post close financials and reliable proforma • Lending partner shares in origination fees and field servicing fees over the life of the loan

12. Rates and Terms Conterra Fund loans are individually priced, recognizing the uniqueness each presents • Loans are priced to risk • 6% - 9% • Up to 5 year terms, variable or fixed rates • Monthly, quarterly or semi-annual payment frequencies • Amortizations up to 30 years, level principal payments or interest only options • All loans require a first lien position on agricultural real estate

13. Conterra Fund – Underwriting Guidelines • Current Ratio: 1.0:1 • Debt to Asset Ratio: <60% • Total Debt Coverage Ratio(TDC): 1.1:1 • Loan to Value (LTV): ≤ 65% • FICO(all borrowers): ≥ 660 • Primary Residence of Total Appraised Value: ≤ 30% • The Borrower must be an approved entity and collateral must be owned by the entity • Will consider exceptions on a case by case basis • May include case-specific covenants

14. Conterra Fund – Loan Examples(at submission) Washington State Broiler Operation Minnesota Row Crop Operation Current Ratio: 0.54% Debt to Asset Ratio: 52.4% 3-yr Avg. TDC: 0.74% FICO: 656 Situation: Applicant had significant carry-over operating debt from 2014 and 2015. Carry-over debt was refinanced by the existing lender onto two 5-yr term 5-yr amortization notes. Cash flows could not service the additional principal in 2016. Strong equity in farm real estate. • Current Ratio: 2.54% • Debt to Asset Ratio: 36% • 3-yr Avg. TDC: 0.95% • FICO: 721 • Situation: Mortgage reached maturity at year-end 2015 and existing lender provided extension in order to allow borrower to refinance. Applicant had difficulty finding traditional financing due to historically tight repayment capacity.

15. Conterra Fund – Loan Examples(post close) Washington State Broiler Operation Minnesota Row Crop Operation Loan Amount: $2,556,000 Loan to Value: 65% Current Ratio: 1.17% Debt to Asset Ratio: 54.12% TDC Ratio: 1.11% FICO: 656 Terms: 7.75%, 5 year balloon, 20 year AM • Loan Amount: $800,000 • Loan to Value: 53% • Current Ratio: 2.95% • Debt to Asset Ratio: 37% • TDC Ratio: 1.15% • FICO: 721 • Terms: 7.25%, 3 year balloon, 25 year AM

16. Loan Approval • Conterra holds credit committee as needed • Upon approval a Preliminary Loan Approval (PLA) will be issued that details terms, covenants and conditions • If the borrower agrees to terms and conditions the PLA must be signed and returned to Conterra along with a due diligence fee • The due diligence fee is designed to cover the cost of appraisal, title and normal due diligence if the borrower withdraws • Money not spent is credited at closing

17. Closing Process • Conterra requires a USPAP qualified appraisal for each loan • Conterra will engage and order the appraisal  • Conterra will review the appraisal upon completion • Conterra orders and reviews title policy • Conterra completes all loan documentation • Loans close in the name of Conterra Agricultural Capital

18. Loan Servicing

19. Loan Servicing • Dynamic Servicing Platform • Co-label billing and collection of payments • Seller Portal • “Real-time” tool for tracking borrower information • Borrower Portal • Online access to loan details • Payment invoices • 1098 reporting • Conterra Ag Environment (“CAGE”) • Enables secure communication and transfer of information between lenders, Conterra and investors

20. Co-Label Billing • Co-Label billing combines the lender’s logo with Conterra’s billing remittance information

21. Seller Portal • Summary of asset details including balances, dates and terms • Hyperlink access to balance, payment and collateral details

22. Borrower Portal • Borrower has access to payment information and history • All billing statements • Variable rate changes • 1098 • Amortization table