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Introducing• The Carolina’s premier destination for investment in Qualified Opportunity Zone Businesses• Powered by NES Financial • Industry leader in Opportunity Fund administration• Purpose-built technology that streamlines financial transactions• Focused on emerging companies in sustainable technology verticals• Partners with leading industry experts driving economic development in Opportunity Zone Businesses• Attracts talent through deep industry connections2Carolina Opportunity Funds - Confidential

Fund Offering$50 M Fund Dedicated to Early Stage QOZ BusinessesINVESTMENT FOCUS AND STRATEGY• Targeting early stage investment in companies that are focused on technological innovation within traditional sectors including energy, agriculture, and materials.• Initiate deals at Seed or Series A where company has shown ability to utilize early Seed rounds to generate revenue.• Position deals for long term appreciation – patient capital with downside protection and room for additional investment. • Focus on good management teams that understand valuation, market timing, and exit opportunities.• Recognize and follow trends of Top Tier PE & VC funds. FUND STRUCTUREFund Size$50 MillionFirst Close$3 Million (3Q2020)Fund Life10 YearsLP Ownership100% Class B UnitsPreferred Return8%Management Fee1.85%Carried Interest5% to Class A UnitsMinimum LP Commitment$250,000 individual;$1M institutionalClass A OwnershipCarolina Opportunity Funds3 Carolina Opportunity Funds - Confidential

Traditional InvestmentQOZ InvestmentInvestable Capital Gain$1,000,000$1,000,000Less: Capital Gains Tax (23.8%)(238,000)0After Tax Investment762,0001,000,000Year10 Valuation (assumes 10% annual appreciation)$1,976,432$2,593,742Less: Year 10 Capital Gains Tax (23.8%)(289,035)0Year 10 After Tax Value1,687,3972,593,742Less: Capital Gains Taxes on Invested GainsDue on 12/31/20260(202,300)Total Year 10 After-TaxValue $1,687,397$2,391,442TotalYear 10 After-Tax Net Gain$687,397$1,391,442After tax gains on a Qualified Opportunity Zone Investment can be substantially more than those of a similar investment.4 Carolina Opportunity Funds - Confidential

Value PropositionStrong Industry and Governmentecosystem serve as Advisors and Sourcesfor Deal FlowFocus on gaining Competitive Advantagethrough analyzing multiple Data Pointswithin an IndustryEarly position within the OpportunityZone Business space provides access toIndustry Disrupters5 Carolina Opportunity Funds - Confidential

We Are an Impact Investment Fund6 Carolina Opportunity Funds - Confidential

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Investment ThesisIdentify opportunities driven by dramatic changes in technology, sustainability, as well as measured impact to communities, job creation, and the environment. Exploit imbalances in current VC investment and market potential.DISTRUPTERS INSIGHTEnergy DisruptionEmergingtechnologies are disrupting conventional industries wherelegacybusinessesin the energy sector have been slow to embrace sustainability.Marketgrowthis being driven by technological advancements, carbon credits, R&D,andfeedstockaffordability.Supply Chain DisruptionCovid19 has provided more insight into the fragility of the global food supplychainthanpossibly any other event in modern history. Localizing the food supplythroughgrowingand delivery innovations that provide cost effective scale is possiblewithcontrolledindoor environments, AI increased yields, and pest mitigation.Materials DisruptionTheworld is aware of the environmental degradation of disposable plastic. Arisingconscientiouspublic, stringent global regulations, and very recenttechnologicaldevelopmentswill drive the market for biodegradable packaging andthebiotechnologythat is transforming plants to polymers.8 Carolina Opportunity Funds - Confidential

Global Appetite for Oil is Shrinking• Global demand for oil is the lowest than at any time in history• Investment down 33% since 2019 and 62% since 2014• 10-15% of wells in US & Canada closed due to Covid19 may not re-open9 Carolina Opportunity Funds - Confidential

Still Got To Eat• Food supply chain represents 10% of global GDP and employs 1.5bn people• 4/5 of the world’s people live on calories produced in another country• Covid19 has reduced US pork production by 25% and increased food/waste ratio in the US by 30%• Nearly 1 million migrant workers needed in 2020 while Covid19 travel restrictions still in place• Food supply will need to increase by 50% within the next 30 years even as carbon footprint needs to be reduced by 50%10 Carolina Opportunity Funds - Confidential

We Simply Cannot Continue This• People have produced 6.3 billion tons of plastic waste• Only 9% of plastic waste is recycled• Cost of plastic pollution is $139 Billion• Currently costs $4000 to recycle one ton of plastic bags• 100,000 marine creatures per year die from plastic entanglement or ingestion11 Carolina Opportunity Funds - Confidential

Verticals We Believe InFuture EnergyBiofuel FeedstockWaste to EnergyHydrogen Fuel CellsBiocharSynthetic Natural GasAgTechVertical Indoor FarmingAutonomous AI OptimizationSynthetic PollinationAutomated GreenhouseDisease and Pest MitigationBioMaterialsBioMassto PolymersMobility MaterialsSustainable FashionConsumer PackagingSmart ForestsWe’re exploring companies with the potential for wide scale production and utilization within Opportunity Zones while also aligning diverse industries, domestic competitiveness, and job creation.12 Carolina Opportunity Funds - Confidential

Smart Energy SegmentHydrogenDescriptionCompanies in this space are developingmethods, machines, and materials toharness the power of hydrogen for thepurposes of energy generation.Hydrogen is potentially promising as anenergy source due to its zero emissionsoutput and high energy density, butcompanies must find a way to reducethe cost of hydrogen production tomake it competitive with other forms ofenergy generation.Source - Pitchbook13 Carolina Opportunity Funds - Confidential

Carolina Opportunity Funds - Confidential 14Companies in this sectorhave raised close to $1 Billion

AgTech - Controlled Environment AgricultureVertical Farms and High Tech Greenhousesare expected to grow to $3 Billion by 2024,a 24% CAGR.The recent trend of the farm-to-tablemovement that promotes localized, organicfarming concepts will contribute to thedevelopment of US vertical farmingmarket. The growing demand for freshingredients, safe production processes, andbetter taste experience is fueling thegrowth of the farmers market set-up in theUS region.Leading restaurants are incorporatinglocally-made ingredients to attract amaximum number of consumers in themarket. National chains such as Chipotleand Subway are also participating in thismovement in the US market.15 Carolina Opportunity Funds - Confidential

AgTech VC InvestmentMedian Post Valuation & Deal Count16 Carolina Opportunity Funds - Confidential 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020050100150200250$0.00M$2.00M$4.00M$6.00M$8.00M$10.00M$12.00M$14.00M$16.00M2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Median Post Valuation Deal Count

VC Backed AgTech Companies to Watch17 Carolina Opportunity Funds - Confidential

Plants to Polymers – BioEconomySustainable Materials A wide range of renewable, bio-based materials arecurrently being used to create biopolymers for plastic—from potatoes, sugarcane, or corn. These plant-basedmaterials are being used on a commercial scale to producebio polymers for the packaging industry.A number of issues are pushing up the usage of bioplasticsnot the least of which is that large brand owners aremoving to advance sustainability and green packaginginitiatives due to consumer demand.The renewable feedstock required toguarantee sustainable operation and development of thebioplastics and bioeconomy must be available insufficient quantities, at a suitable and guaranteed quality,and at competitive prices.This is currently not the case and scaling of productioncapacities and market penetration of bioplastic products isgoing to depend largely on creating a scalable biomassindustry.18 Carolina Opportunity Funds - Confidential

Bioeconomy Recovery Task ForceBio-Based Economic Development• Harness billions of tons of untapped biomass assets• Standardize rating system for de-risking investment in biomass projects• Deploy US biomass in service of Covid19 economic recovery• Support bioeconomy job creation in rural areas –particularly in Opportunity Zones• Invest in new plants that produce biofuels, biochemicals, and bio-materials Carolina Opportunity Funds is a founding member of theBioeconomy Recovery Task Force helping to develop policies and investment opportunities in this emerging industry. 19 Carolina Opportunity Funds - Confidential

Biodegradable Plastics Startup RWDC Raises US$133 MillionRWDC Industries Ltd will use the US$133 million series B funding to expand the production capacity by building a new facility in Athens, Georgia.https://www.asianscientist.com/2020/05/tech/rwdc-biodegradable-plastic-seriesb-133-million/Companies to WatchIn the News 20 Carolina Opportunity Funds - Confidential

Companies We’re Excited AboutAgriculture technology software company that utilizes Artificial Intelligence and Machine Learning to optimize farms and turf management. Smart agriculture is projected to hit $13.8 Billion this year and grow to $22 Billion by 2025. Company has landed a contract with Bayer to provide its services to the PGA. Revenues are expected to reach $1 Million this year. This is an early seed raise providing IMPACT with an opportunity to negotiate pre-money valuation and participate in subsequent rounds.Waste to energy company that has designed a comprehensive animal waste management technology for Concentrated Animal Farming Operations (CAFOs) using an efficient and cost-effective design comprised of current and proven technologies. The technology is designed to solve a major environmental challenge, while, at the same time, enhancing the rural bioeconomy with sustainable job creation and wealth generation. The company is backed by USDA and is in partnership with Agriculture Technology Integration Partnership Foundation. Very early review.MedTech company that has two previous exits in the medical device field. They have developed a delivery system that improves the clinical outcomes of in-office patients treated with BOTOX for overactive bladder. The procedure is currently performed 350,000 per year. Without the device, only half of those treated return for repeat treatment. During their clinical study, 3 in 4 patients returned for repeat treatment, improved patient attrition rates (lost patients due to dissatisfaction) by 25% which has a significant positive impact on the patient, the practicing physician, and the cost of delivery. 21 Carolina Opportunity Funds - Confidential

Meet the TeamAs a firmly entrenched serial entrepreneur, Hannah Kirby has launched andsold technology companies, delved into independent film production, andmanaged her own commercial real estate firm. Her early career started incorporate finance for AT&T and later as a fixed income broker with thatfabled firm, Shearson Lehman Bros. She also had a stint with another bondhouse known as Bear Stearns. That was long ago.Following the launch of the Opportunity Zone Initiative, Hannah was honoredto serve as a User Advocate for the White House Council of EconomicAdvisors’ Opportunity Project chaired by Scott Turner. Carolina OpportunityFunds began in May of 2019, in part, to draw attention to QOZ investmentpotential within the Carolina’s. The company initially worked to place $12Min equity into attractive real estate projects in North Carolina.Hannah launched Impact Carolina in March of 2020 to raise $50M in seed andearly stage financing for Opportunity Zone businesses with a focus onemerging technologies driving traditional industries such as agriculture,energy, and materials.Hannah holds a BA in Business Administration from Hiram College and an MS in Technology and Financial Management. 22 Carolina Opportunity Funds - Confidential

With a Stellar Supporting CastDebbie GallimoreBen FelixDebbie’s firm, Gallimore & Associates, developed the Investor Portfolio Development Plan which providesmentoring, strategic guidance, site selection, and brokerage services to commercial real estate investors, many ofwhom are the first in their families to create generational wealth through investment. Her commitment tocommunity aligns well with Opportunity Zone development and the goals of the initiative.Debbie also sits on the NC Board for the prestigious CCIM. She’s a certified Architectural drafter, a member ofthe National Association of Women in Construction, and a Certified International Property Specialist followingher development work The Gambia.Ben is an experienced Venture Capital professional who has specialized in sourcing startups for the past three years. He has sourced and vetted startups in the AgTech, Enterprise SaaS, Blockchain, FinTech, InsuraTech, and many more industries. Ben has also served as a Venture Consultant for startups and venture funds focusing on corporate development and fundraising. Ben’s previously founded, Sourcing Startups, a Texas based Venture Capital contracting firm for VC deal-sourcing. Sourcing Startups provided multiple deals per month to their clients and conducted the first screening process for all the startups reviewed, providing mid-pipeline deal flow. After reviewing startups, the deals that Sourcing Startups believed would fit the profile of their client, a package of the startup is sent with a comprehensive due-diligence report, and all relevant documents.23 Carolina Opportunity Funds - Confidential

Strategic Input and Fund GovernanceCorporate Guidance Contributing to Strategic Direction and Vertical TrendsAdvisory and Deal Sourcing Resources Provide Critical Input on Individual Investment Decisions24 Carolina Opportunity Funds - Confidential

Track Record – Raises per Industry$0$5$10$15$20$25MillionsHistoric Cash on Cash.40xHistoric IRR10%Targeted Deployed Capital 1Q2021ProjectedCash on Cash2XProjected TVPI4x25 Carolina Opportunity Funds - Confidential

Deal Pipeline26 Carolina Opportunity Funds - Confidential Carolina Opportunity Funds maintains a data driven framework focused on maximizing financial success while mitigating operational risk. Decision making is calibrated on an Impact Rate of Return• Impact Value of Money• Primary Impact Indicators• Quality of Impact• Time Efficient Manner• Dollars Expended per Unit of Impact DeliveredIMPACT Carolina will fund 2 to 4 companies in years 1 through 5 with a maximum of 20 investments. Early stage investments will range from $500,000 to $3,000,000 on average.

DisclaimerThis presentation is being provided to certain selected qualified prospective investors on a confidential basis for information and discussion purposes only and may not be relied on in any manner as legal, tax, or investment advise or as an offer to sell or a solicitation of an offer to buy an interest in the investment fund described herein (the Fund). A private offering of interests in the Fund will only be made pursuant to a term sheet, a confidential private placement memorandum, a Limited Liability Company Agreement, and subscription agreements which will be furnished to qualified investors on a confidential basis. The interests of the Fund have not been registered under the US Securities Act of 1933 as amended, or qualified, or registered under any applicable state, local, provincial, or other statutes, rules or regulations.This presentation which may be amended or supplemented for time to time is provided on a confidential basis solely for the information of those persons to whom it is provided and their professional advisers so that they may consider an investment in the LLC interests in the Fund and is not to be reproduced or used for any other purpose. This presentation may not be reproduced or distributed not may its contents be disclosed to persons not directly involved with the prospective investor’s decision regarding the purchase of the offered units without the prior consent of Carolina Opportunity Funds. www.carolinaopportunityfunds.com27 Carolina Opportunity Funds - Confidential