Radically Sustainable Homes Next Generation Assembly

health + opportunity Basic need that impacts

From materials + operations20% of Global GHG Emissions 1&2

Housing Matters

Largest Expense for most people

1 Architecture 2030 2 U.S. EIA !2

A Tale of 2 Problems

Day 10 Day 10

+

Inefficient process based on specialty trades x shortage of specialty trades = housing shortage and increasing costs

!3

NODE’s Combining hardware and software to deliver zero emission, non-toxic, housing to all income levels: 10X more efficiently

!4

Solution Slide–Click–Lock

Patents-pending

1

23

Easy, fast, plug+play assembly

A new, non-specialized, workforce

Flat-pack ships anywhere

!5

Solution: Activate a New Workforce

labor1/104 non-construction people can assemble entire system

175 k

93 k

822 k

6.2 million

Unemployed

!6

Guaranteedprice + schedule

Hassle-Freestart to finish

Non-toxic

Zeroemissions

Consumers want something better

!7

Increased Housing Decreased Carbon - Price & Scale Key

1000

500

166K

400K

TIMELINE

CarbonSaved ( Tons )

NODEHomes Made

CARBON

Helps Housing Shortage

Reduces Climate Change

HOMES

More NODE Homes

Theory of change: bold approach through new product category & new delivery system + IP moat + then license

Construction TechAssembly kit R+D Supply chain based + NODE

NODE Crews Assemble Flexible workforce later

!9

Business Model

D2C

Direct to Consumer Homes Developers later

Technology Roadmap

Distributedenergy

DesignVR + Ordering

Housingas a serviceAssembly

+ Quality ControlFlexibleWorkforce

Enabling TechnologyToday

Flywheel Technology18 months

Future Technology

Component-based system + digital technologies mobilizing a lower-skilled workforce translates to network effects

!10

!11

Repeatable Manufactured Parts: Rinse & Repeat

Tested Systems on Two Projects

Integrated Renewable Energy Systems

Water Collection + Filtering

Low Impact Foundations

100% Non Toxic Materials

Energy efficiency systems - 90% less energy

!12

Slide-Click-Lock Development

Proprietary Hardware

Framing + Insulation

Foundation

Windows+ Doors

Utility Core

ElectricalRuns

PlumbingRuns

SidingInstallation

Sensors

App + Software

!13

Go To Market

Prototype ADUs with paying clients

Inbound leads + Tours

GrowTrain Workforce

Paid Social Media + Articles

1 2 3Scale

Developer Clients

Paid Media + Events

!14

Workforce Roadmap

Traditional Construction Employees

Recruit + Train New Workforce Scale 1 2 3

!15

Unit Economics

Materials Labor Mark ups Outcomes

Status quotoday

Sales Price

Full Price 10,000 man-hours 4 markups $350 /sf $350-1,000

/sf

NODE at scale

40% savings bulk

1,000 man-hours 1 markup $100 /sf $150-350

/sf

NODE at 24 months

15% savings bulk

6,000 man-hours 1 markup $200 /sf $250-350

/sf

!16

Financial Projections

Timeline2019

6 Projects in Beta System Rapid Prototyping

2020Developer + Multifamily

Customers Process Software

2021Scale Supply Chain

Scale Assembly Workforce Software

2022Assembly Workforce + Housing as a Service

Software

3 21100

400

REVENUE EBITDA # of projects

2000

2021

!17

+ $50B Markets Multifamily

$150B West

$500B US Residential

+$138B Canadian

$10B SFR Seattle + NoCal

CA Wildfire Rebuild2

$10+ Billion

Affordable Housing3

Energy Mandates

Hurricane Rebuild4

Educational Housing

Healthcare Companies

7.2 Million Units

CA, Austin, Denver+

$10-20 Billion4

EmergingEmerging

Massive Market

!18

1 Statisa 2 Daily Caller News Daily Caller Foundation 3 Metaprop NYC 4 Harvard Joint Center for Housing Harvard JCHS

1

Cases

Trends

Infinite designs, multiple use cases at multiple price points.

Capital intensive, last mile problem, relies on skilled trade labor on site. i.e.: Katerra, Plant Prefab, Blockable, Acre

Risky cost and schedule. Relies on skilled trade labor. Lack of clear QC.

What we’re not What we are

Cutting edge sustainability zero carbon footprint and non-toxic materials

Easy to ship, no wide load or crane. Supply chain based, capital light.

Slide-Click-Lock streamlined assembly activates a new, low-skilled, workforce solving the labor shortage.

Accessible + Flexible Radically Sustainable

Component Flat Pack Simplified AssemblyTraditional Construction

Modular + Other Prefab

Competition

!19

Patents FiledBusiness method + utility patents

Progress

built with alpha system2 Projects Complete

2017-2018

Customer funded beta system6 Projects

Developer Partners2 signed

Customer Pipeline60+ qualified

2019 Milestones

$1.5 MillionRevenue Target

100+ qualifiedExpand Pipeline

!20

Lakshmi GondiArchitecture +Industrial Design

Molly MooreSales Director

Amit LieFinance + Accounting

Kelly BethkeDevelopment

Tested, Obsessed + Driven

Bec Chapin

Domain Expert Housing Startups

Co-founder + COODon Bunnell

Serial Entrepreneur IPO Exit

Co-founder + CEOChrysanthe Gussis

Scale Expert Formerly Solar City

Board Chair

!21

Advisors

Aaron FairchildGreen Canopy Homes

Ankur SrivastavaSwarmsales

Matt BernardyKnock Rentals

Tim GodzichQB Health

Emily LawrenceAceable

Alex RoetterKitty Hawk

Doug MooreMcKinstry

Tom WymanBorealis Ventures SketchUp

Craig HusaImpact Bioenergy

Zach NiesTechstars

Sameer RashidHEVO PowerSupercollider.io

!22

Seed Raise

$1.5M Convertible Note - $5M cap & 20% discount$600k+ closed to date

Use of FundsSlide-Click-Lock development 18 months of runway Expand pipeline Execute 6 projects

Milestones6 projects in the field & beta system developed 40 projects in pipeline 2020

www.node.eco founders@node.eco

!23

ExitIPO or RBF

Appendix

!24

Appendix

Projections

!25

Backyard CottageHomeowner wants income.

Pain: Too small for busy builders.

Status: delivered

Small MultifamilyUrban developer wants to increase speed, profitability and sustainability.

Pain: Labor shortages, delays and cost overruns.

Status: LOI signed

Single Family HomeLandowner wants a new house.

Pain: Complex, risky + time consuming.

Status: in feasibility

Solution: NODE system with guaranteed price and schedule

!26

Customer Profiles

Platform for Opportunity

Distributedenergy

Painlessadditions

Technologyupgrades

Designvisualize + order online

Housingas a service

Connectedhome

FlexibleWorkforce

Permit+ site report software

!27

Engineering + Design Roadmap

Innovative foundation tested on 2nd project

Click-in windows

Off-the-shelf clip-on siding system

Off-the-shelf, plug + play, electrical &

plumbing connectionsFactory-assembled utility core

Proprietary wall, floor + roof systems

Proprietary exoskeleton

!28

Industry Failure is an Opportunity

Cost to build out of current housing shortage2

$2.1 TrillionRate household formations outpaced construction1

43%

1 Housing Underproduction in the US Report 2 Metaprop NYC 3 McKinsey - Reinventing Construction

Potential increase by moving to manufacturing-based building system3

10x Productivity

!29

McKinsey: Productivity Decline for U.S. Residential Construction1

!301McKinsey - Reinventing Construction