Green Star MMB Technology Licensing Auction

AUCTION PRE-QUALIFICATION REGISTRATION FORM

AUCTION DETAILS

Green Star Products, Inc., announced on March 10, 2010, it will be auctioning the United States licensing rights of its proprietary Montana Micronutrient Booster (MMB) formula (see press release "Green Star Consortium to Offer Game Changing Biotechnology on Wall Street"). The Consortium members holding the auction are Green Star Products, Inc., (10%), United Biorefineries Corp. (15%), Biotech Research, Inc., (17.5%), and various other investors. Korea and China licensing rights have already been negotiated without an auction and are therefore not available.

The details of the auction are as follows:

• The winner of the U.S. licensing rights will have access to the algae technology (MMB Algae Booster Formula) which has been confirmed to increase algae growth by up to and exceeding 200% in six day growth cycles when compared to present industrial growth methods. The U.S. licensing rights will exclude Idaho and Missouri where the Consortium has existing equity partners.


• Bidders can register by filling an on-line form for pre-qualification and to receive a technology package.


• Six weeks before the auction, all qualified bidders will receive a technology package, outlining an up-to-date technology report on a white paper for final review and will include Q&A documents.


• On auction day, one hour before the start of the auction, a question and answer period will be held concerning non-proprietary questions of the technology and specific auction rules. The doors will close one hour before the auction begins.


• The auction will be held at 55 Broad Street New York City (Wall Street District) at the Digital Sandbox Center on September 9, 2010, and will be coordinated and audited by a major financial organization. The doors open at 10 AM and the auction starts at 12 PM for qualified bidders.


• The bidding will start at $5 million dollars and only 50 seats will be made available to pre-qualified bidders.


• Upon completion of the auction, the three top bidders will continue to negotiate the specific terms of the license to include ongoing royalties and continued research funding.


• Additional auctions will be held in other countries later this year, starting in France for the European Union rights and India next.

VIDEO SUMMARY

Green Star's involvement in the Algae Industry is summerized in the following video:

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TECHNOLOGY SUMMARY

The effectiveness of the algae formula has been confirmed by testing completed at the University of Baja California (UABC) and by a prestigious nationally recognized research institute. Testing has also proven the formula works for saltwater and freshwater algae species and will not be dependent on the specific production systems (i.e., open ponds or closed bioreactors) and therefore can be applied to the entire industry.

Summary Overview Report on MMB Algae Booster Formula (PDF)