“The Best Damn IPA on the Sea”

1. “The Best Damn IPA on the Sea” The Windjammer Brewing CompanyNewburyport, MACommercial Wind Turbine Feasibility and Design Analysis “Powered by the Wind”

2. Agenda • Expected Value • Estimate Project Costs • Financial Model • Other Considerations • ExpectedService Costs • Next Steps/Q&A • Introductions • Background • Business Drivers & Challenges • Project Goals • Why OPTIMA Engineering? • Proven Approach • Feasibility

3. Attendees: Windjammer Brewing Kenneth Lamb – CEO Bill Bock – COO Susan Pilsen – CMO Andrei Porter – CFO OPTIMA Engineering Tim Allen - Principal / Lead Engineer Ben Vestor- Financial Analyst Fred Field - Project Estimator - Estimator / PM

4. Background - Windjammer • Opened 2002 – Newburyport, Massachusetts • Microbrewer of Premium American-Style Ales • 20,000 Barrel Output – 2012 • 50,000 sq. ft. Facility - 5 year expansion capacity • 20 year lease on 10 acre lot abutting plant for future expansion • Reputation for using organic grains and an environmentally conscious operation • Experiencing 20% YoY production and revenue growth

5. Current Challenges • Increasingly competitive market • Looking to increase brand awareness • Pressures to reduce operating costs • Conserve cash flow - Increasing energy consumption (700 kWh – 2012) - Cost: $105,000 – 2012 - Energy use increasing 10% - Energy cost increasing 3% - 5 year facility headroom

6. Project Goals • Offset rising electricity costs • Utilize abutting 10 acre lot • Recognize reasonable ROI • Leverage Federal and State RECs and grants/subsidies • Realize 5-year payback period • Project completion within 18 months • Leverage turbine in marketing and brand awareness

7. Why OPTIMA Engineering? • Successful track record > Rich Markey Woodworking - 2012 > Town of Ipswich Utility Co. - 2011 > Town of Beverly MA Public Schools - 2010 • In-house subject-matter expertise >Engineering staff > Financial Analysts > Legal Council / Permitting > Construction Management > Strong local community presence • Proven Methodology and Approach

8. Proven Phased Appoach • Feasibility Analysis - Site Evaluation - Financial Analyst - Permitting Requirements • Engineering and Design - Site Development/Preparation - Turbine Installation - Electrical Utility tie – in • Project / Construction Management - PMP Development

9. Feasibility Analysis WIND = ELECTRICITY = $$$$ = = > Will the site generate enough wind? - Wind Characteristics > What turbine is right for you? - General Characteristics - Output - Height - Rotor Diameter

10. Feasibility Analysis (Cont.) > Will the site support the turbine? - Setbacks / Obstructions - Soil Condition - Permitting Constraints > Can you get there from here? -Transportation Access - Equipment Access > Where’s the Grid? - Access to Utility tie – in

11. Show me the MONEY! • Estimate the value of wind – generated electricity • Identify available subsidies - Renewable energy credits (REC) - Grant subsidies • Estimate Project Cost - Turbine Procurement - Site Development - Construction / Installation - Permitting Costs - Operational Costs - Insurance Costs

12. Does it make business sense? > Develop cash flow model > Analyze present value of discounted cash flow > Identify acceptable MARR > Estimate payback period Compare to other options - NPV analysis - Incorporate marketing revenue potential

13. Be a good neighbor! • Everyone is green – Just NIMBY! > Be proactive with abutters / local residents > Avoid costly project delays > Avoid potential negative PR > OPTIMA can HELP!

14. Feasibility and Design Service Pricing

15. Next Steps • Step #1 – • Technical Feasibility Analysis • Is there enough wind? • Then and Only then – Step #2 • Financial Feasibility Analysis • Determine the Economic value • of the wind-generated electricity • Start with approval of LOI • $40,000 • Phase I Engineering Services

16. Q & A

17. Thank you!