Better Agriculture Begins Here. Harnessing Nature To Help Farmers Sustainably Feed The Planet

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1 Better Agriculture Begins Here

2 Founded In 2014 $400M+ private equity funds raised Boston, MA global headquarters and research center Memphis, TN commercial operations and supply chain center Global Reach Buenos Aires, Argentina São Paulo, Brazil Sydney, Australia >400 employees 5 Commercial Crops Cotton Corn Soybeans Rice Wheat The Science Behind Indigo Like humans, plants have microbiomes, which are found on leaves, soil, and inside the plant itself. The microbes found inside plants work together in harmony with the plant to fight diseases, increase nutrient intake, and improve water use efficiency. However, plant microbes can be impacted by their environment, including heat and drought, chemicals such as pesticides, and even soil conditions often the result of modern agricultural practices. In plants, microbiomes can be found on leaves, in the soil, and inside the plant itself. These microbes work in harmony with the host to fight diseases, increase nutrient intake and improve water use efficiency. At Indigo, we identify which of these microbes are most beneficial to a plant s health through the application of algorithms and machine learning. Our resulting seed treatment products complement a plant s natural process to improve health and development across each phase of life, while boosting crop yields. Microbiomes, or communities of microbes, help maintain internal processes for all living things Indigo focuses on identifying microbes that have evolved in conjunction with plants over time to optimize their health and maximize their productivity. The Indigo Effect This treatment is provided to growers along with a highperformance seed and agronomic insight. We believe that we can pair our expertise with yours to increase yield and improve your farm s profitability.

3 HRW WHEAT SATELLITE DATA The Indigo Impact on Wheat is So Striking, You Can See it From Outer Space Indigo is using satellites to compare crop health and estimate yield across fields, counties, and the country to understand the performance of our products. No Matter the HRWW Growing Region, Indigo has Demonstrated Performance Indigo performs particularly well in regions that experienced high water stress in And the Indigo difference is not just yield, it s also in dollars

4 OUR VALUE PLATFORM 1 Improved Yield Average 13%* yield increase (19% in stressed conditions) with the same or fewer inputs 2 Premium Pricing Guaranteed premium over commodity price at delivery 3 Improved Cashflow Microbially-treated seeds provided at no upfront cost and 0% interest 4 Guaranteed Crop Purchase Indigo purchases your crop and takes responsibility to find a buyer 5 Insights and Technology Comprehensive agronomic services and access to new technologies 6 Plant Health Increased tolerance to stresses such as nitrogen and water limitation 7 Sustainability Reduced water, fertilizer, and chemical requirements 8 Traceability Identity preservation for decommoditization *Data represents conventional variety results seen in 30 bu/ac or less yield environments in 2018 field trials.

5 Indigo Production OUR OFFERINGS Indigo growers are paid a premium at delivery Indigo growers are supplied seed treated with Indigo s microbial seed treatment, at no upfront cost and 0% interest Indigo growers receive on-site agronomic advisory services six times per season, at no additional charge Indigo s microbial seed treatment is designed to improve crop yield with the same or fewer inputs Indigo contracts with growers to store grain on their farm through innovative storage, transportation, and financing solutions It seems like Indigo is one of the few [companies] that says, let s both make money. Jackson Webb, Sumner, MS Indigo Marketplace Indigo pays more for your grain because we connect directly with buyers Indigo has built a more efficient marketplace by directly connecting buyers and growers Growers now have more options to receive bids from a wider pool of buyers Indigo s marketplace preserves grain identity so that growers can be paid for the quality of their grain The grower receives payment directly from Indigo once the grain is delivered When I dump wheat at the elevator, I have no control. When I keep it in bins, I can go look for a specialty market. Mark Fincham, Kansas Wheat Grower Treated Seed Access to leading seed varieties treated with Indigo s microbial seed treatment Fixed upfront cost for seeds, with no further commitments

6 HRW WHEAT Indigo Wheat is an in-plant microbial technology, applied as a seed treatment, that greatly enhances plant productivity by improving water and nutrient uptake in stressed growing environments. This leads to better emergence and vigor, enhanced root growth, and a greater number of grain producing tillers per plant. Indigo Production Model Premium applies to all contracted s Additional premium available for grain transportation Premium seed varieties selected for your growing region financed at 0% through season Indigo microbial technology shown to increase yields by 13% on average (19% in stressed conditions) Insecticide and fungicide treatment Data-driven agronomic services at no additional cost Indigo Treated Seed Indigo microbial technology applied to a leading seed variety Seed is also treated with fungicide and insecticide Seed is financed at 0% through August 10, 2019 Seed Price: $22.75 per 60 lb. unit Agronomic services at no additional cost (minimum of 1,000 s) No agronomic requirements for grower or purchase obligation from Indigo 2018 Field Trial Results 13% * average per yield increase *Data represents conventional variety results seen in 30 bu/ac or less yield environments in 2018 field trials. Available Varieties Through Indigo Wheat Avery Bob Dole Byrd Doublestop CL Plus Gallagher Langin LCS Mint SY Monument Available in bulk packaging and 60 lb units Smith Gold TAM 112 TAM 114 Location: Gove County Kansas Plant Date: October 2017 Non-treated Sample Date: January 8, 2018 Variety: Monument

7 Indigo Wheat is an in-plant microbial technology, applied HRW WHEAT as a seednature treatment, that greatly enhances plant productivity Harnessing To Help improving water and nutrient uptake in stressed growing Farmersby Sustainably Feed The Planet environments COMMERCIAL FIELD TRIAL RESULTS 2018 results demonstrate year-over-year improvement, validating research and development. 19% * per average yield increase in low-yield conditions 13% per average yield increase in normal conditions *Data represents conventional variety results seen in 30 bu/ac or less yield environments in 2018 field trials Commercial Field Trials resulted in a 16%** per average increase in low-yield conditions and a 8% per average yield increase in normal conditions. **Data represents conventional variety results seen in 50 bu/ac or less yield environments in 2017 field trials. LEFT: Indigo-treated Monument RIGHT: Non-treated Monument Side-by-side comparison pre harvest in Grainfield, KS Non-treated Location: Gove County Kansas Variety: Monument Plant Date: October 2017 Sample Date: January 8, 2018 Test plot: Bucklin, KS Planting Date: October 2017 Non-Treated Progress: May 2, 2018 Non-Treated

8 Indigo is is building a marketplace that will enable growers to to receive bids directly from buyers and preserve the identity and quality of of their grain. By By connecting growers directly to to buyers, a more efficient supply chain is is created and the grower is is able to to sell grain at at higher prices. Earn More For Your Grain. INDIGO CONNECTS GROWERS DIRECTLY TO MORE BUYERS 1 Sign Up and List Your Grain There is no cost or obligation to participate Catalog your grain and fill out a simple form Tell us about your transportation capabilities 2 Provide A Sample of Your Grain Indigo will send you an easy-to-use grain testing kit Your sample will be sent to a reputable lab to be tested Indigo will share the results of your sample with you, free of charge, and to keep for your records 3 Receive Bids from Buyers Buyers will see your listed grain and send bids Indigo will ensure accuracy and delivery of buyer s bids Bids will be delivered to your cell phone via text message 4 Accept or Reject Bids Accept or reject bids at your discretion If you accept a bid, Indigo will call you to ensure accuracy and confirm your acceptance 5 Indigo Coordinates Delivery and Prompt Payment You transport the grain to the buyer or use an Indigo coordinated service Indigo manages payment to ensure you are promptly paid after delivery The buyer pays Indigo a service fee for the transaction Visit IndigoAgMarketplace.com to Schedule a Consultation Today 802 Rozelle Street Memphis, TN (901) (800) info@indigoag.com

9 WHEAT Indigo Solutions Advisor Call Plan Indigo Solutions Advisors are trained and equipped with the latest tools and cutting-edge software to help you make smart, data-driven decisions on your farm. Pre-Planting Seed Selection Field Selection Planting Date Planning Planting Rate Recommendation Nutrient Planning / Soil Fertility Review Weed, Disease, and Insect Control Planning Planting Planter Review Review and adjust all Crop Management Plans Early Season Scouting: Stand Establishment Weed Scouting Review and adjust all Crop Management Plans Vegetative Stage Disease and Insect Scouting Review and adjust all Crop Management Plans Reproductive Stage Disease and Insect Scouting Review and adjust all Crop Management Plans Harvest Planning Pre-Harvest On Farm Storage Discussion Grain Routing Discussion Post Harvest Profitability Assessment Agronomic Support Review

10 HRW WHEAT THE PROOF IS IN THE PROFIT Growing with Indigo Increases Yield and Profits on Your Wheat Farm Out of 100 growers who grow with Indigo, 96 expect to earn at least $10 per more, and 64 expect to earn at least $30 per more.* With Indigo, the chance that your yield increases increases by > 5% 96% 85% 96% increases by > 8% 73% increases by > 10% 62% increases by > 15% 33% With Indigo, the chance that your revenue increases increases by > $10/ac. 96% 99% increases by > $20/ac. 86% increases by > $30/ac. 64% increases by > $40/ac. 36% *Based on side-by-side commercial field trials (1-50 s each) planted in 2017 and harvested in 2018 in Kansas, Oklahoma, and Texas. Yield increase was estimated using a Bayesian model with an uninformative prior.

11 HRW WHEAT THE INDIGO ADVANTAGE Indigo Production Enables Revenue Improvement Across Current Basis Scenarios 1 Contracting with Indigo guarantees that your entire healthy harvest from contracted s will be purchased 2. The purchase price is set at up to KCBOT +23, allowing you to capture value by eliminating any negative basis. Even in current positive basis scenarios, Indigo Production can generate value outside of price alone that results in higher revenue for you. $21,018 $19,768 $17,518 $44 $40 $35 $15,268 $31 $13,018 $26 $10,768 $22 $8,518 $17 $6,268 $13 $4,018 $8 BASIS -$0.50 -$0.40 -$0.30 -$0.20 -$0.10 $0.00 +$0.10 +$0.20 +$0.30 B.D.D (Breakeven Delivery Distance) Indigo $ Advantage at Harvest Indigo $ Advantage per Acre Key Assumptions Acres: 500 July 19 KCBT Price: $6.00 Storage premium: 3 $0.06 per month Quality premium: 11.5% protein = $0.05 APH: 45 Indigo yield improvement: 13% Non-Indigo fully treated seed cost: $15 Planting rate (lbs / ): 90 Indigo delivery distance (miles): 70 Current delivery distance (miles): 25 1 Revenue improvements are based on average performance. Actual revenue improvements will vary around the average performance 2 Subject to crop reaching full maturity and harvest being marketable 3 Distance to delivery point where average revenue performance for Indigo Production breaks even with non-indigo offers for each basis scenario

12 CORPORATE HEADQUARTERS 500 Rutherford Avenue Suite 201 Charlestown, MA (844) COMMERCIAL OPERATIONS 802 Rozelle Street Memphis, TN (800) IndigoAg.com