Investor Presentation

Our Maine portfolio demonstrates the strong cash flow potential UGE's Approach Drives Cash Flow Investment tax credit of 30-50+% post-IRA Based on project Fair Market Value Debt sizes based on recurring cash flows Net result: Sources - Uses = Developer Surplus Maine portfolio Four projects, 7.5MW CODs expected to start in October 2023 Sources: $25.7MM Uses: ~$21MM Developer Surplus: ~$4.7MM We invested $322k $4.7MM Development Expenses UGE starts to monetize at + 2-3 years UGE NTP Plus, recurring revenues of... $1.6MM/year Over 35 years TSXV: UGE | OTCQB: UGEIF

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