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Business Summary

Solar Park Development in Italy and Greece

The energy of the mind is the essence of life. Aristotle

April 29, 2011

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Contents

Executive Summary PV Solar Power Explained Solar Power: the World View Strategic Plan Investment Opportunity Investment Instruments Financial Summary Selling a Project vs. Long-Term Hold Synergistic Opportunities Corporate and Operational Structure Solar Market: Italy Solar Market:Greece Executive Team Advisors and Consultants Contact Information

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Berkley Resources Inc. is redeploying its assets from oil & gas into renewable solar energy. The companys goal is to develop at least 30MW of solar projects in Italy and Greece by the end of 2012.

Uncertainty of Financial Projections


The projections set forth in the Condential Business Summary were produced by the Companys management and are subject to a high degree of uncertainty. They are based upon estimates of future events and circumstances which may or may not ultimately prove to be true or accurate. Many of these assumptions are based on inherently uncertain events which may or may not materialize or which may substantially change. In addition, the estimates and assumptions underlying the Companys projections are subject to signicant economic and competitive uncertainties and contingencies, many or all of which are beyond the Companys control. Not all of the assumptions upon which the projections are based, and which would be material, are presented. No representation or warranty is or can be made as to the accuracy of any of these assumptions. The projections were not prepared with a view toward public distribution or compliance with published guidelines of the Securities and Exchange Commission or the guidelines established by the American Institute of Certied Public Accountants regarding projections. No independent review has been performed to determine the reasonableness or achievability of the projections. The projections included also cover a period beyond one year, and thus, are even more dicult to accurately predict, particularly for a development stage company. There can be no assurance that the Companys projections will be or can be realized and actual results may dier materially from those set forth in the Companys projections. Because of the above limitations on these projections, persons reviewing them are cautioned about placing undue reliance on them.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Executive Summary

Company & Focus


Berkley Resources Inc. is a Vancouver-based natural resource company founded in 1986.* Historically the company has focused on oil and gas development in Western Canada. However, with the growing worldwide shift to clean and renewable energy, Berkleys management has chosen to redeploy the companys assets into solar photo voltaic (solar PV) energy opportunities in the European Union. Towards this objective, the company has established operational partnerships with Day4 Energy Corp., Positive Energy Group and other leading EU-based solar PV industry companies to develop solar PV parks in Italy and Greece. Development in other EU countries will follow.

Short & Long Term Objectives


Because FiT rates are locked in and guaranteed for 20 years at the time of licensing (or when connected to the grid, depending on locality) Berkley is acting quickly to take advantage of the extremely high current FiT rates. The company has set an objective of developing at least 30 megawatts (MW) of solar PV projects in Italy and Greece by the end of 2012. Longer term, Berkley intends to use its experience and contacts to develop solar PV parks in other European countries and eventually in North America.

Highlights
} Berkley Resources intends to develop at least 30MW of solar PV projects in Italy and Greece by end of 2012. } EU-mandated renewable energy targets creating a window of opportunity. } Italy and Greece present most favorable EU markets at this time. } Financing available through leading banks in both countries. } Berkley looking to raise up to 20 million. } Investors participate through Mezzanine Debt Instruments, Convertible Debentures or direct investment in solar SPVs.

Favorable Bank Financing


Through its partnership with Day4 Energy, Berkley has established a relationship with UniCredit Group (Italys fourth-largest bank), whereby UniCredit will nance up to 80% of Berkleys Italybased project costs at an interest rate of 5% or less. Through its partnership with Positive Energy Group, Berkley is establishing a relationship with Piraeus Bank Group (Greeces third-largest bank). Under this agreement, Piraeus will nance up to 75% of Berkleys project costs at an interest rate of 7.5% or less. In both cases, loans will be amortized over approximately 18 years. These favorable banking arrangements provide attractive leverage for Berkley and, as a result, the company can expect to earn ongoing rates of return in excess of 20% per year on invested capital.

Solar Power Opportunity in the EU


To promote energy independence, create high technology jobs and reduce carbon dioxide emissions, the EU adopted binding legislation in 2008 that set national targets for renewable energy generation across the EU. To meet these targets, member nations must oer guaranteed Feed-in Tari (FiT) rates to incentivize electrical generation from renewable sources. Italy, with one of Europes sunniest climates, has embraced solar PV development and now represents Europes third-largest solar market behind Germany and Spain. Greece, with equally abundant sunshine, has also established highly attractive FiT rates to spur solar energy development. As solar PV development matured in Spain and Germany, both countries substantially reduced their FiT rates for new projects. Rates in Italy and Greece, however, remain high but are scheduled to decline as additional solar capacity comes on line. Thus the window of opportunity to lock in highly attractive, government-guaranteed rates of return for solar investors in Italy and Greece is limited.
* Berkleys common shares trade on the Canadian National Stock Exchange (CNSX) under the symbol BKS.

Because FiT rates are locked in and guaranteed for 20 years at the time of licensing (or when connected to the grid, depending on locality) Berkley is acting quickly to take advantage of the extremely high current FiT rates.

Seeking up to 20M
Berkley seeks to raise up to 20M to take advantage of EU solar energy opportunities developed in partnership with Day4. Institutional investors may participate through a 10M 15M mezzanine debt facility. Individual investors have the option of bond issues or convertible debentures with a minimum 50,000 investment. Investors may also participate directly in specic solar projects on a case-bycase basis.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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PV Solar-Generated Power Explained

The Perfect Renewable Energy


PV solar-generated power is one of the most environmentally friendly technologies for power generation. Solar power plants operate silently and preserve 90% of the natural landscape, thus allowing local ecosystems to thrive. Solar modules or panels produce direct current (DC) electrical energy from sunlight and daylight. Inverter systems convert the DC into alternating current (AC) which is fed into the public power system or grid. The generated power is paid for at a per kilowatt (kW) rate according to the applicable purchase power rates and/or Feed-in-Tari ("FiT") rates.

More solar energy hits the Earth in one minute than all the energy consumed by humans in a year.

How Photovoltaic (PV) Solar Power Works


Solar Modules Sunlight Inverter & DC/AC Disconnects Out to Utility Grid

Mounting Racks AC Utility Net Meter Transfers DC Electricity to Inverter Transfers the converted AC Electricity

AC Service Panel

DC Input

AC Output

Solar power plants operate silently and do not disrupt the natural landscape.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Solar Power: the World View


The Challenge of Energy Security
Energy security has become a primary concern not only for the EU but for governments around the world. In 2007, China imported 47 per cent of its crude oil, the US imported 35 per cent, and the EU 94 per cent. To reduce dependency on foreign imports, governments have developed a range of incentives and regulations to stimulate demand for renewable energy and LCT (Low Carbon Technologies). New policies emphasize an increase in the use of renewable energy to reduce reliance on energy imports. Feed-in Tarris FiTs have become one of the most eective tools to promote clean energy investment and development. In addition to the EUs sweeping adoption of FiTs, China (which adopted FiT's as a part of its Renewables Energy Law of 2005) is one of many non-EU countries implementing FiTs worldwide. Other similar mechanisms are forcing utilities to derive additional electricity from renewable sources. These include Renewable Energy Certicates (RECs) in the US and Renewable Obligations Certicates (ROCs) in the UK. For the EU: 365bn Needed Barclays Group estimates the EU alone must invest about 365bn in both large-scale solar infrastructure and solar micro installations to bring EU emissions down to 83% of 1990 levels by 2020.* The investment needed to reduce CO2 to targeted levels worldwide is easily in the many trillions of Euros. In the longer term, Berkley intends to exploit this trend by leveraging its experience and relationships beyond the EU. Key markets include the United States and Middle Eastern countries.
* The Accenture-Barclays Group: Carbon Report published February 2011.

Historical Development of World Cumulative PV Power*


MW 25,000
22,878

20,000

15,000

China USA Rest of the World Japan Eu

15,675

10,000
6,956

9,550

5,000
1,428 1,762 2,236 2,848

5,361 3,939

0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

By 2009, the EU represented nearly 70% of the worlds installed cumulative PV power. Forecasts for 2010 and 2011 indicate continued accelerating growth. * Chart source: Global Market Outlook for Photovoltaics Until 2014, May 2010 Update, European Photovoltaic Industry Association.

Highlights
} Energy security has become a primary concern, not only for the EU, but for governments around the world. } To reduce dependency on foreign imports, governments have developed incentives and regulations to stimulate demand for renewable energy and LCT (Low Carbon Technologies). } FiTs have become one of the most eective tools to promote clean energy investment and development. } Other, similar mechanisms are forcing utilities to derive additional electricity from renewable sources. } Berkley intends to exploit this trend by leveraging its experience and relationships beyond the EU.

Barclays Group estimates the EU alone must invest about 365bn in both largescale solar infrastructure and solar micro installations to bring EU emissions to 83% of 1990 levels by 2020.*

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Strategic Plan
Partnership with Day4 Energy and Local EPC* Contractors
Berkley Resources has established a strategic partnership with Day4 Energy Inc., a Vancouverbased manufacturer of high-performance solar electric modules with extensive experience in the European solar market. Under the Berkley/Day4 agreement, Day4 will provide solar panels and related equipment plus consulting services for the construction and maintenance of PV projects. Berkley will provide nancing and, through a subsidiary company, serve as the General Partner for a number of Special Purpose Vehicles (SPVs). SPVs are limited liability, low-tax, ow-through entities registered to do business in specic European jurisdictions. Each SPV will nance and develop an individual solar project in Italy or Greece.

Development Opportunities

Focused on EU Opportunities in Italy and Greece


Berkley seeks to raise up to 10 million to take advantage of two solar-related business opportunities developed in partnership with Day4: 1. Working in partnership with Day 4 and local contractors, Berkley expects to develop a minimum of 30 MW of Solar Farms in Italy and Greece. The turn-key cost of each installed MW is 3.5 to 3.7 million. Because equity required by the Italian and Greek banks ranges from from 20% to 25%, Berkley needs from 700,000 to 937,000 per MW of developed solar PV power per project. The funds will be used for site selection, legal and regulatory work, materials, construction, maintenance, consulting fees, commissions, and general working capital. 2. Berkley is expanding its marketing of Day4 panels in Greece and will be paid commissions on projects developed by its own SPV's everywhere. Expenses of this business unit are supported by Day4, so no investor funds are expected to be allocated to it.

Highlights
} Strategic partnership with Day4Energy to build solar PV projects in Italy and Greece. } Day4 provides solar panels & related equipment, consulting services for construction & maintenance. } Berkley provides nancing and serves as General Partner for a number of Special Purpose Vehicles (SPVs). } Each SPV will nance and develop an individual solar project in Italy or Greece

Potential In-Kind Contributions to Capital


During recent meetings in Italy and Greece, Berkley held discussions with Day4 Energy and with two substantial developers regarding possible in-kind contributions of solar panels and licensing permits to the equity of Berkley's to-be-formed SPVs. Preliminary discussions with the bank indicate that this strategy would likely to be approved, as long as at least half of the required equity is contributed by Berkley in cash. For the 19MW of projects controlled by these two developers, this strategy would have the effect of reducing Berkley's cash equity contribution by up to 6 million, and would allow Berkley to grab more of the highest FiT rate projects while they are still available. Also, because the in-kind contributions would receive a "hair-cut" with respect to their ownership percentage of the SPV, the additional leverage would enhance Berkley's already high rates of return. As described elsewhere in this plan, Berkley or its aliates will also receive sales commissions and project development fees which will further enhance Berkley's overall rate of return.

Special Purpose Vehicles (SPVs) are limited liability, low-tax, ow-through entities registered to conduct business in specic European jurisdictions.

* Engineering, Procurement and Construction.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Investment Opportunity

Financial Summary

Secured Convertible Debt


Berkley is oering up to $10,000,000 of its Series "A" Subordinated Convertible Debentures. The debentures are secured by a oating charge on all of the Company's assets. Highlights of the terms of the debentures are: Interest Rate: 10% Term: 3 years with no prepayment for 1 year. Security: See above. Conversion Rate: After one year, 75% of the previous one-month average closing price. Minimum Purchase: $100,000
Note: No oer to sell securities is made by this summary of the terms of the Company's Series "A" Subordinated convertible Debentures. An oer is only made to eligible investors pursuant to the Company's Condential Private Placement Memorandum to which this Business Summary is an Appendix.

Financial Summary: For an Example Pipeline Project


Project name: Size: Total project outlay: Equity Contribution IRR (80/20% leverage): Technology: Connection estimated: Starting date: Irradiation level - KWhr / KWp Worst-Year Debt Cover ratio Average-Year Debt Cover ratio Rate of interest on leasing 1MW Sample 1 MW 3,596,140 718,228 21.8% Fixed Array May-2011 Dec-2010 1,320 1.76 1.80 4.95%

12-Month Revenue Breakdown: Pipeline Project #1


Revenue per KwHr after indexation Revenue per KwHr - Tari Production (MWhrs) Revenue from sale of electricity Less: Operations, Maintenance & Rent EBITDA 0.388 0.303 1320 512,160 (62,000) 450,160

Long-Term Hold Vs. Selling a Project


Option 1: Hold for the Long Term
Under the long-term hold option, each 1MW solar PV development would generate an estimated 150,000 per year in net distributed cash ows. The resulting IRR, essentially guaranteed by the governnment, would exceed 19% for 20 years.

SPVs - Additional Information


} In Italy, 20 KW to 1 MW farms earn the optimum FIT rate. We therefore divide larger properties into single megawatt farms whenever possible. In Greece, solar farms larger than 1M are considered commercial scale, with the maximum FiT rate applied to farms up to 10MW in size. } The equity component required by the banks for each MW built ranges from 718,000 to 937,000 depending on the country. } Currently, each MW plugged into the grid is able to enter into a longterm (20-year) purchase power agreement at a xed rate of 39 euro cents per Khw in Italy and 42 euro cents in Greece. } Free cash ows to the SPV, for completed solar parks, are expected to exceed 20% for the 20 year duration of the guaranteed FiT rates.

Option 2: Sell When Completed


The Company estimates that projects developed at an average cost of 3.6 million per MW in Italy can be resold in todays market for over 4 million when completed. Selling a nished project would result in a prot of approximately 30% on invested capital within 12 months. Although development costs in Greece are somewhat lower, nancing costs are somewhat higher. As a result, we anticipate that similar prots would be available upon the sale of completed solar PV projects in Greece. Berkley may elect to sell some of its rst projects to leverage available capital and undertake as many development projects as possible during this period of high FiT rates

Highlights
} Investment opportunity: Secured convertible debt. } May sell SPV projects for prot of 30% on invested capital within 12 months. } Hold project for long term, generating expected IRR's in excess of 19% for 20 years. } Berkley may sell selected projects initially to leverage available capital.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Synergistic Opportunities

Solar Panel Sales


Berkley (through its subsidiary AUC) and Day4 have entered into a Sales Representative Agreement whereby Berkley is marketing Day4 Panels in Greece as an independent sales representative and receiving a commission of .04 per Watt of panels sold. As a result, the company is opening a sales oce in the Athens area. Berkleys initial sales eorts have been so successful that Day4 is now turning all sales leads in Greece over to Berkley. Day4 has also agreed to pay a commission on any panels purchased (whether within or outside of Greece) pursuant to the development of solar PV parks by Berkley or any of its subsidiaries or aliates. Day4s Quality Advantage Day4s multi-crystalline PV panels are technologically advanced and oer superior durability and eciency when compared to most of its competitors products. These characteristics signicantly enhance the rate of return to solar developers who install Day4 panels in their projects. Home Installation Opportunities In order to spur development of small-scale solar PV, Greece oers tax benets for the installation of home-based PV installations. The incentives are expected to create a whole new category sector of PV installations for many years to come as homeowners replace old solar water heaters with solar PV systems. Another recent law requires all new buildings, warehouses, and factories to install solar PV systems as a prerequisite to obtaining construction license. In the home PV Sector, the tari is the highest of any other form of PV investment and guaranteed for 25 years of production. No additional funding is required to pursue this business opportunity. Access to Premier Solar Projects in Greece Berkleys Day4 distributorship presents an additional synergistic advantage. By representing and distributing one of the markets premier quality panels, Berkley will have access to the very best solar projects coming available in Greece.
New incentives are expected to create a whole new category sector of PV installations as homeowners replace old solar water heaters with solar PV systems.

Highlights
} Berkley acts as a sales agent for Day4s solar panels in Greece and has opened a sales oce in Athens. } Day4 panels oer a number of advantages over competitors. } Home-based installations oer a signicant secondary market in Greece.

The International Energy Agency predicts that investment in renewables to produce electricity is estimated at $5.7 trillion (in 2009 dollars) over the period 2010-2035*
* World Energy Outlook 2010 Factsheet, International Energy Agency

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Corporate and Operational Structure

Consul ng fees paid to Day4

2 Funds the

PV projects

Prots from SPVs ow to Berkley

Renewable Energy Acquisi on Corp.


(REAC)
Sponsors SPVs and Manages EPC Development Partners

EPC Development Partner for Italy

Eurosistem RECS

EPC Development Partner for Greece

Posi ve Energy

100% of grid revenues ow to SPVs/REAC

Supplies solar panels and related equipment; provides consul ng services 1+MW PV Solar Farm (Owned by SPV)

Day4 Energy designs and manufactures high-performance solar PV panels based on unique and patented high power/highly robust electrode technology. The company maintains oces in Europe, including a manufacturing facility in Poland with marketing, architectural design, and engineering oces in Germany and Italy. Day4 is sourcing cream of the crop projects for Berkley through its extensive industry contacts. Berkley provides project funding to REAC, a fully-reporting SEC issuer acquired by Berkley in 2010. Berkley acts as General Partner to the SPV's and, together with Day4 and the EPCs, manages the development, construction, and ongoing maintenance of the projects. Each SPV funds a specic solar PV development project in Italy or Greece. RECS/EuroSistem and Positive Energy are established EPC contractors and leaders in the eld of solar development in Italy and Greece. REAC will work with these companies as a joint developer of its solar projects and intends to receive co-development fees from them.

Take or Pay: Once connected to the grid, Berkley intends to enter into "take or pay" purchase power agreements at the project's predetermined FiT and power rates which will be xed for a period of 20 years. Berkley plans to sell to large publicly held power companies. The companies will either: (1) take the power and pay for it at FiT rates or; (2) pay for the power at FiT rates if unable to take it. The SPV is only responsible for the power up to the grid connection and collects 100% of the revenues. Revenues from the SPV solar project ow back to REAC, the SPV sponsor. Resulting prots then ow to Berkley. Berkley expects to hold the projects for long term returns in excess of 20%, but may sell some early projects and roll the prots into additional solar parks.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Solar Market: Italy

Renewable Electricity to 22% by 2020


Italys EU mandated requirement is to increase its renewable energy share to 17% by 2020. Because Italy is highly dependent on energy imports, the Italian government has established a voluntary target to increase renewable electric generation to 22% of total supply by 2020. Italy benets from both an attractive regulatory environment and abundant sunlight. The country currently ranks third among Europes PV power producers after Germany (5,300MW) and Spain (3,200MW). As of December 31, 2009, Italys total installed PV capacity stood at approximately 742MW, according to Gestore dei Servizi Energetici (GSE), an organization that promotes, supports, and develops renewable energy in Italy. (GSEs sole shareholder is the Italian Ministry of Economy and Finance which, in consultation with the Italian Ministry of Economic Development, provides guidance on GSEs activities.)

Table 1 - ENEL Solar Base Tari for Italy 2010


Annual System Electricity Output Range in kWh 0 500,000 500,000 1,000,000 More than 1,000,000 Annual ination applied to ENEL Basic Tari: 2.0% Electricity Rates are established by Italian government agencies which regulate the power industries. Rates are implemented by Enel Distribution which is owned by Enel Power Company, the largest utility in Italy and second largest in EU. Enel Power is a 60 Billion, publicly-traded traded company. See www.enel.com Basic Tari 0.102 /kWh 0.086 /kWh 0.075 /kWh

Table 2 - FiT Rates in Italy (Euros/kWh)


2010 Capacity 200kW - 1000kW 1,000kW 5,000kW >5,000kW 0.346 0.346 0.346 2011 Jan-Apr 0.314 0.313 0.297 2011 May-Aug 0.303 0.289 0.275 2011 Sep-Dec 0.266 0.264 0.251 0.250 0.248 0.236 0.235 0.233 0.222 2012 2013

Solar Generation Income in Italy


In Italy, solar power producers receive income from two sources: 1) the Basic Tari (the base power purchase rate for electricity), which can vary according to market conditions (see Table 1); and, 2) the EU mandated FiT payments, which are xed at the time the project is connected to the grid and are guaranteed by the Italian government for 20 years (see Table 2). Notice in the tables that the FiT rate for 2011 projects is over three times the Base Tari rate and is actually a 6% reduction from the initial 2010 FiT rate of 0.346. This is because the Fit Rates are intended to be a temporary incentive to kick-start the development of renewable energy facilities. Industry experts expect Italy to reach grid parity (the point at which electricity generated by solar power is equal in cost or cheaper than, the existing grid power) in the 2011-2012 period. The FITs have been legislated as part of Italian law and cannot be changed retroactively.

FiT contracts in Italy are structured on a take-or-pay basis, meaning that the GSE will either: (1) take the power and pay for it at FiT rates or; (2) pay for the power at FiT rates if it is unable to take it. The SPV (project/plant) is only responsible for the power up to the grid connection point. Beyond the connection point, the SPV has no further responsibilities or liabilities. The SPV is not responsible for grid capacity issues.

With one of Europes sunniest climates, Italy now ranks third amongst EU countries for solar energy generation.

...Italy appears as one of the most promising markets with an additional 711 MW [installed] in 2009.
(Global Market Outlook for Photo-voltaics Until 2014: May 2010 Update, European Photovoltaic Industry Association)

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Solar Market: Greece

FiT Incentives Similar to Italy


The Greek government has adopted FiT incentives similar to those in Italy (see Table 3). Greece has not seen the same pace of solar development as Italy, however, as licensing and regulatory hurdles have been more challenging. Nevertheless, Greece has embraced solar PV as a clean source of energy. With the help of the Greek PV Association, regulatory processes are becoming faster, simpler, and clearer, and associated costs are declining. As a result, solar PV is the fastest growing energy sector in Greece. Solar energy production in Greece has doubled every 2 years over the last 10 years. Favoring Larger Scale In order to spur rapid commercial-scale development, FIT rates in Greece are structured to favor large scale solar farms over smaller home and business use systems. As in Italy, Greek FiT rates are scheduled to decrease for new projects over time as additional PV capacity is connected to the grid. Rates Locked in for 20 Years The FiT rates are locked in for 20 years from the date of licensure. Thus the declining schedule applies only to new projects coming on line during the dened time periods.

Table 3 - FiT Rates in Greece (Euros/kWh)


2010 Capacity 10kW - 100kW 100kW 1,000kW >1,000kW 0.40 0.45 0.45 2011 Jan-Apr 0.372 0.419 0.419 2011 May-Aug 0.351 0.394 0.394 0.333 0.375 0.375 0.298 0.336 0.336 2012 2013

In order to mitigate the risk of doing business in Greece, Berkley plans (through its relationship with Positive Energy) to sell the electricity generated from its Greek solar PV projects directly to Public Power Corporation S.A., a multi-billion Euro revenue company listed on the London Stock Exchange.* Furthermore, as the Greek distributor of one of the premier solar PV panels on the market, Berkley will be able to cherry pick from the very best solar projects coming available in Greece.
* See www.dei.gr for more information.

Like Italy, Greece has a superb sun radiation capacity and it is estimated that one third of Greeces energy requirements could be met with solar power.

Highlights
} Greek incentives/FiT rates are similar to Italys and oer lucrative returns to solar developers. } Incentives and streamlined government processes have made solar PV the fastestgrowing energy source in Greece. } FiT rates in Greece are structured to favor large-scale solar farms. } Berkley plans to sell generated power directly to Public Power Corporation S.A.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Executive Team

Matt Wayrynen 49
Preseident & CEO, Berkley Resources, Inc. Mr. Wayrynen has extensive experience in resource company management, venture capital, startup nancing, and mergers and acquisitions. As a director of Quinto Mining, he helped raise more than $30 million and advanced a Quebec iron ore property to a viable project. Quinto sold to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175 million. (Consolidated Thompson was eventually sold to Clis Resources for $4.9B.) Mr. Wayrynen was formerly active in the real estate industry as a licensed salesman and licensed agent nominee in charge of real estate for multiple retail projects throughout the greater Vancouver area. In addition, he was a licensed securities professional for over 10 years. He is a director of several publicly-listed resource companies and is a co-founder of TrichoScience Innovations Inc., developer of a therapeutic hair replacement technology undergoing extensive clinical trials for market approval.

Evan Katsoulis, 43
International Sales Director, Berkley Renewables Mr. Katsoulis has earned degrees in electrical and mechanical engineering from the University of Patra and the American College in Athens. He has started or been involved with a variety of import/export businesses in Greece, specializing in electronics, software, and shipping. Before joining Berkley, Mr. Katsoulis worked for a large distributor of solar related products and developed a customer base of nearly 150 companies, including the 12 largest solar installers and contractors in Greece. Mr. Katsoulis is uent in English and Spanish, as well as his native Greek. He has built numerous longstanding relationships with companies and individuals in England, Italy, Germany, and the USA that will benet Berkley.

Craig Laughlin, 60
President & Director, Renewable Energy Acquisition Corp. (REAC) Mr. Laughlin is the founder and President of SRC Funding, Inc., a private company through which he has provided business consulting services and engaged in private investment activity since 1991. Mr. Laughlin has served as a director of numerous publicly traded and/or SEC reporting companies, including during the past ve years: Renewable Energy Acquisition Corp. (coFounder); SimplaGene USA, Inc. (co-founder); and Dotronics, Inc. (sole ocer and director, brought in to position the company for an acquisition). Mr. Laughlin was also a founding Director in 2006 of the Macalester College Clean Energy Revolving Fund and has maintained a focus on energy conservation, energy eciency, and renewable energy in his professional and investing life.

Patrick L. Riggs 42
Managing Director, Berkley Renewables Mr. Riggs is founder/CEO of Riggs Capital, Inc., a consulting rm which arranges funding, and provides structuring and consulting services for small-to-medium sized entrepreneurial companies. Mr. Riggs has been in the investment banking business for over 15 years and is an honored member in Who's Who in American Business and held an unblemished Series 7 license for several years. Mr. Riggs studied economics at the University of North Dakota and has structured several reverse merger and M&A transactions, both as a principal and as a consultant. Mr. Riggs has traveled extensively, conducting business in Asia and Europe. He was born in Italy and maintains close connections in Greece through his Greek mother and family members in Athens.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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Advisors and Consultants

Howard Feldman, 64
Mr. Feldman is the CEO of BK Financial Services, LLC. and has been associated with the Wall Street investment banking community for over 35 years. His relationships within the nancial community are extensive, including a comprehensive proprietary network of over 500 institutional investors and fund managers throughout the country. He has structured nancing strategies for private and public corporations in nearly every sector of the economy. With a background in equity institutional sales and institutional xed income sales, Howard has analyzed hundreds of new investment opportunities and raised capital through equity, debt, and mezzanine nancings for both public and private companies. Prior to his involvement with Wall Street, Howard was a Captain in the U.S. Army and served as a commanding ocer of a company of paratroopers with the 101st Airborne Division in Vietnam. Additional information on Mr. Feldman and the BK Financial team can be found at: http://www.bknancialservices.com/1Team.htl

Fillipo Natoli, 47
As Managing Director of RECS, Mr. Natoli brings many years of solar construction contracting experience to Berkley. He has built in excess of 50 MW in the last three years in Italy. He is also knowledgeable in all aspects of PV installation and local construction regulations for the EPC contracting business. He has developed a particular expertise in single MW facilities throughout Italy.

Konstantinos Mavros
Mr. Mavros is the CEO of Positive Energy, a fullyintegrated and insured EPC contractor that has built in excess of 50 MW over the past ve years. He is an expert in PV installation and local construction regulations with a particular expertise in single MW facilities throughout Greece.

Luigi Fusi, 51
Mr. Fusi is the Managing Director of Global Module & Project Sales for Day4 Energy and head of Day4 Europe. He brings to Berkley a wealth of technical and managerial experience, having worked in executive positions with Cisco and HewlettPackard. He holds double degrees from the University of Milan in electrical engineering, an MA from MIT, and an executive MBA. Mr. Fusi specializes in identifying solar business opportunities and closing complex corporate transactions.

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

Page 12

Contact

For Information, Please Contact:


Matt Wayrynen, President & CEO Berkley Resources Inc. Suite 900, 570 Granville Street Vancouver, BC V6C 3P1 604.682.3701 mwayrynen@berkleyresources.com Patrick Riggs, Managing Director Berkley Renewables Group 612.850.5029 patrick@berkleyrenewables.com Craig Laughlin, President Renewable Energy Acquisition Corp. craig@berkleyrenewables.com 952.541.1155

www.berkleyresources.com

Business Summary: Solar Park Development in Italy and Greece

Berkley Resources Inc.

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