Affinor Growers Outlines Plans for 2017 - Seite 3

License Agreements

Affinor has signed several license agreements with companies to use our technology over the last year based on our beta prototype concepts and preliminary production results. Each license agreement has the potential to generate significant equipment sales, long term royalties, ownership options and joint venture partnerships. They include:

Non exclusive license in British Columbia, Canada (24 tower strawberry farm to be built in 2017)

Non exclusive license Tennessee, USA (18 to 24 tower strawberry farm to be built late 2017)

Non exclusive license Alberta, Canada (24 tower strawberry farm to be built in late 2017)

Exclusive license in Ontario, Canada (24 to 36 tower strawberry farm)

Exclusive license in Alberta

Exclusive license in Maritimes

Affinor is working closely with the first license holder in British Columbia as this will be the first commercial facility using Affinor's technology.

Commercial Trial and Development

A single 4 level tower was shipped and installed in Michigan to a commercial strawberry greenhouse farm in December 2015. This was our "first touch" with the market place within a significant commercial greenhouse. The trial was to determine productivity, identify improvements and increase the production per square foot of ground space. Results included increasing plant density from 8 plants per square meter to 21, strawberries were actively harvested for sales throughout the six-month trial and consumed in the open market and improvements in strawberry fruit support and irrigation techniques were implemented. The commercial trial concluded in the spring with recommended improvements incorporated into future designs and will be demonstrated on the next tower being installed at the University of the Fraser Valley Surrey location.

St-Chrysostome Greenhouse Facility Quebec

Affinor's planned commercial greenhouse facility in the City of St-Chrysostome, Quebec will be sold and the proceeds will be used to further the development of the technology, publish patents and general operating capital.

Option Grant

Affinor's board of directors has also approved the grant of 2,200,000 stock options exercisable at $0.11 per share and expiring from October 5, 2019 to October 13, 2019.