Asia Reforestation Group (ARG) – public company established in Nevada, US; and major shareholder of Viet A Joint Stock Company (VAC) – the first Vietnam private company specializing in great-scale reforestation reflected through 1,000 ha of Acacia with success. VAC was granted the Certificate of Land Use Rights for the aforementioned 1,000 ha, and entitled to expand covering the surrounding 10,000 ha. ARG management team of totally more than 50 years of experience in afforestation and 8 years fully of experimental research devoted to Paulownia planting trials across 15 provinces in Vietnam, including the areas under VAC’s management.

1. REFORESTATION PROJECT INTERCROPPING PAULOWNIA WITH BANANA Asia Reforestation Group Inc,.

12. APPENDIX VAC Management team Asia Reforestation Group Inc,. Chan Kim Pham – Chief Executive Officer cum Technical Specialist Mrs Pham is also Chairperson cum CEO of Viet A Joint Stock Company – an enterprise specializing in afforestation and reforestation, forest management, industrial and agricultural plantation, cattle breeding, and environmental treatment. She has accumulated in her professional portfolio more than 20 years of practical experience in carrying out forestry projects of national level, and has, of late, completed growing more than 1,000 hectares of forest in Gia Lai. David Nguyen – Chief Operating Officer cum Technical Specialist Having engaged in afforestation for than 15 years, of which 8 were wholly dedicated to Paulownia trials, Mr Nguyen is certainly a leading expert of this industry. So far, his experimental plantation has proved a remarkable success, resulting in 40 hectares of healthy and fast-growing Paulownias across 15 provinces in Vietnam. For the sake of activeness in planting, Nguyen also established a nursery facility in District 9, Ho Chi Minh City, where researches as well as seedlings propagation and nurturing are carried out. The growth stages of trees in all those sites are coherently documented and pictorially recorded for extensive research, close monitoring, and effective planning.

14. Asia Reforestation Group Inc,. Chan Kim Pham – CEO David Nguyen - COO

17. Asia Reforestation Group Inc,. Cost of investment in 100 Ha P aulownia : Investing in plantation of 108 ,000 Paulownia s, equivalent to 1.080 trees/ha. P aulownia + Banana : Investing in plantation 66 , 0 00 Paulo w nia s intercropped with 150 , 000 banana trees equivalent to 660 Paulownia trees/ha and 1.500 banana trees/ha. Item P aulownia Paulownia + Banana Seed 2 50 ,000 33 0 ,000 Fertilizer & Pesticide 1,080,000 1,4 5 0,000 Planting & care 70 0,000 9 70 ,000 Infrastructure cost 4 70 ,000 5 70 ,000 Administration cost 200,000 180,000 Total (USD) 2, 700 ,000 3, 500 ,000

18. Asia Reforestation Group Inc,. Pro-forma P&L for Option 1 (100 ha of Paulownia) Unit USD 1 , 000 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 INVESTMENT CAPITAL (2, 700 ) B. REVENUES 1 Carbon trading Carbon credit 31 31 31 31 31 31 31 Unit price (USD) 22 25 27 30 32 33 35 Total 679 771 833 926 987 1,018 1,080 2 4-year old timber - - - 1,182 - - - 1,182 3 8-year old timber - - - - - - - 11,550 C. GROSS PROFIT (2, 700 ) 679 771 833 2,108 987 1,018 1,080 12,732 D. PLANT CARE COST - (221) (225) (229) (252) (240) (245) (181) - - - - - - - - - - E. NET PROFIT (2, 700 ) 458 546 604 1,855 748 773 899 12,732 F. PROFIT DISTRIBUTION 1 ARG (20%) - 92 109 121 371 150 155 180 2,546 2 Success fee for BOD 1,100 2 INVESTOR (2, 700 ) 366 437 483 1,484 598 618 719 9,086 IRR 32% 526% ROI

19. Asia Reforestation Group Inc,. Pro-forma P&L for Option 2 (100 ha of Paulownia, intercropped with banana) Unit USD 1 , 000 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 A. INVESTMENT (3, 500 ) B. REVENUES 1. Carbon trading Carbon credit - 19 19 19 19 19 19 19 Unit price (USD) - 22 25 27 30 32 33 35 Total - 415 471 509 566 603 622 660 2. 8-year old timber - - - - - - - - 14,117 3. Banana - 1,587 1,587 1,587 1,587 - - - - C. GROSS PROFIT (3, 500 ) 2,002 2,058 2,096 2,153 603 622 660 14,117 D. PLANT CARE COST - (371) (378) (386) (250) (244) (255) (139) - E. NET PROFIT (3, 500 ) 1,631 1,680 1,710 1,903 359 367 521 14,117 D. PROFIT SHARING 1. ARG (20%) 0% 400 412 419 431 121 124 132 2,823 2. Success fee for ARG 1,111 3. INVESTOR (3, 500 ) 1,230 1,269 1,291 1,472 238 243 389 10,183 IRR 38% ROI 487%