CAPEX Holding Leasing Company

This entity holds title to the equipment and leases the equipment to the its parent company The Pellet Manufacturing Entity.

Pellet Manufacturing Company

This is the operations and manufacturing entity, that holds no title to goods or assets.

Feedstock Marketing Company

This entity holds a second position to debt on any receivables, and has as an asset the 15 year offtake agreement and renewal option

Pellet Marketing Company

This entity holds a tertiary position to all margin after paying CAPEX, Feedstock, and Operations.

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