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DEMONSTRATION PROJECT TIMELINE <br /> The demonstration project will take approximately six to nine months from IRC <br /> approval to implementation and eventual decommissioning . The demonstration <br /> project will advance generally according to the following timeline : <br /> Time Zero — IRC Board of County Commissioners approves the tire pyrolysis <br /> demonstration project . <br /> Month 1 — Financing is completed by the JV . <br /> Month 2 — Tire pyrolysis unit fabrication is underway . This demonstration unit will <br /> be built to the full scale throughput of 1 ton / hour , equivalent to approximately 100 <br /> car tires per hour . <br /> Month 3 — The demonstration pyrolysis unit fabrication is completed and the unit <br /> will be transported to the designated SWDD site . Environmental permitting for <br /> the demonstration process will be completed by the JV . <br /> Month 4 — The pyrolysis unit and ancillary equipment will be set up , and startup <br /> activities will begin . <br /> Month 5 — Demonstration runs of the tire pyrolysis unit will be made . <br /> Month 6 — Demonstration runs of the tire pyrolysis unit will be completed . <br /> Month 7 — Commercial agreements will be negotiated to address future <br /> operations and scale- up of the tire pyrolysis process . If no agreement is in place <br /> for the continued use of the SWDD site , the demonstration tire pyrolysis unit and <br /> the ancillary equipment and related materials will be removed . The site will be <br /> restored to an acceptable condition . <br /> Months 8 & 9 are contingency (float) months to accommodate extensions to the <br /> timeline that may be encountered as necessary . <br /> PROJECT DESCRIPTION AND OPERATION PLAN <br /> Equipment <br /> The demonstration pyrolysis unit and ancillary equipment will be transported to <br /> the designated SWDD site on two flatbed trailers . The pyrolysis unit will remain <br /> trailer- mounted for the duration of the demonstration period . An area of <br /> approximately 2 acres (to be determined in concert with SWDD) is expected to <br /> be needed for the pyrolysis demonstration unit, ancillary equipment and waste <br /> tire feedstock temporary storage . <br /> The pyrolysis unit integrates a heat exchanger for cooling the pyrolysis gas into <br /> the liquid oil and a non -condensable gas , which is used for process heat. The <br /> pyrolysis unit has an integral flare for safely oxidizing unused pyrolysis gas . <br /> PROPRIETARY AND CONFIDENTIAL <br /> Page 13 <br />