Blanova BioForm A Sustainable Biopolymer Formulation Solution. Creating value, growing together

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Blanova BioForm A Sustainable Biopolymer Formulation Solution Creating value, growing together

Value Proposition We provide comprehensive service through the delivery of specialty chemical solutions for the formulation of Personal Care and Home Care & Industrial Cleaning products. Our super-regional footprint accompanied by our technical competence and our optimized marketing engine exemplify our value-added standards to both our supplier partners and customers. Creating value, growing together

Blanova BioForm Starch Based Film Forming Biopolymer Sustainable Profile 99% bio-based Low carbon footprint molecule Ideal solution for formulators seeking environmentally friendly hair and skin care applications Curls that Defy Humidity This green styling gel polymer imparts, shine, frizz control and curl resistance in high humidity conditions Can be formulated into water based hair care systems Skin Anti-Aging Action Derived from Legendary Natural Resources This film-forming polymer delivers skin tightening, anti-wrinkle and pore-refining attributes in a variety of skin care and color cosmetic applications 3

Blanova BioForm Features INCI: Hydrolyzed Corn Starch Modified biopolymer derived from corn starch Easy-to-use water based dispersion, forming a natural latex-type film Comparable performance to synthetic film formers with added benefit of being non-hydroscopic From renewable resource with good environmental profile Pinterest 4

Film Formation Mechanism Hydrolyzed Corn Starch naturally forms latex in water. As water evaporates, the particles coalesce to gradually form a film that is relatively water repellant. The film is dry and glossy. Additionally the film shrinks upon drying giving a slight and temporary tightening sensation. Honeywell Proprietary 5

Formulation Guidelines Disperses easily in water with simple stirring or homogenization at low shear The dispersion will thicken at about 15 to 20 % solids, but upon standing at room temperature overnight, it thins out to a low viscosity. The addition of a small amount of base (TEA, Sodium Carbonate, etc.) will facilitate the dispersion process. 0.3 to 0.5 % TEA based on the weight of Blanova BioForm being neutralized 0.1 to 0.3 % sodium carbonate based on the weight of Blanova BioForm being used Compatible with different gelling agents such as carbomer, xanthan gum and others Wetting the powder with glycols will facilitate the dispersion process 30% solids dispersions in water can be made and should be used within a couple of days Particles can agglomerate with age. This does not appear to happen at concentrations < 10% 6

Hair Care Curls that Defy Humidity Natural Hold for a Natural Look Creating value, growing together

Blanova BioForm Hair Care Applications & Benefits Aesthetically pleasing film coverage on hair shaft Excellent performance in hair fixative formulations compared to industry standard Trend setting natural feel compared to industry standard without loss in performance Possible role in other natural film forming options Typical usage: 2-6% w/w total for formulation for light hold. Increase usage for more powerful fixative properties Hair Applications Gels Mousses Lotions Pomades Creams Foams Marketing Claims Shine Softness Curl retention Natural hold Frizz control From sustainable resources 8

Hair Styling Trends Today s hair styling is about natural looking hair and textures. US women show aboveaverage usage of lighter-hold products such as foam (used by 29% of women vs. 12% men) and cream (used by 20% of women vs. 13% men). Black consumers are embracing their curls; styling products are used by 51% of Black consumers (May 2014) rising to 67% of women. 9 Source: Mintel GNPD

Curls that Defy Humidity Blanova BioForm Control High Humidity Curl Retention after 24 hrs. (90% R.H., 80 F) Blanova BioForm outperformed Control. The curls treated with Blanova BioForm remained intact after 2 days in the humidity chamber. High Humidity Curl Retention after 48 hours (90% R.H., 80 F or 27 C ) % Curl Retention 110 100 90 80 70 60 50 40 10 Blanova Asensa NFF BioForm 11 Control 0 1hr 2hr 3hr 4hr 6hr 24hr 48hr Time - Hours High Humidity Curl Retention after 48 hrs. (90% R.H., 80 F) After 48 hours, Blanova BioForm effectively retained the curls in high humidity conditions compared to Control.

Stylist Assessment Test Description All panelists had color treated hair o 5 panelists had straight hair which was curling iron set except for one panelist which was roller set o 4 panelists had wavy hair (scrunch styled) o 3 panelists had curly hair (scrunch styled) Performance was rated by trained stylists on a 1 to 5 scale 11

Stylist Assessment Blanova BioForm Natural Hold and Feel Today s consumers demand hair styling products that deliver a natural hold for a natural look! Lack Frizz Body/Volume Shine Lack Tackiness 5 4 3 2 1 0 Stiffness/Crust/Ho ld Curl Definition/Texture Curl Resilency/Bounce Gel A (Mean) Gel B (Mean) Formulate with BlanovaBioForm for curl definition and texture and a soft, flexible hold with excellent humidity resistance. Soft Feel Ease Style Creation/Managea bility Lack of Flaking Ease of Combing Stylist Assessment Gel A vs. Gel B Product A was rated statistically higher in softness than product B Product B was rated directionally higher in stiffness/crust/hold than product A Product A and product B were parity in all other attributes 12

Skin Care and Color Cosmetics Skin Anti-Aging Action Derived from Legendary Natural Resources Creating value, growing together

Blanova BioForm Skin Care Applications & Benefits Aesthetically pleasing film on skin surface Tightening sensation upon drying Reduces the appearance of fine lines and wrinkles Reduces the appearance of pore size Longer durability enhances permanence on skin Pleasant, non greasy texture in BB Creams and CC creams Typical usage: 2-6 % w/w total formulation for dry glossy film Skin & Color Applications Serums Creams & Lotions Mascara Eye Liner Foundations BB/CC Creams Marketing Claims Anti-Aging Improved skin complexion From sustainable resources 14

Anti-Aging Skin Care Trends Anti-agers will continue to dominate absolute growth in skin care, adding US$6 billion to its retail value by 2017. Anti-aging goes beyond just combating wrinkles to improving skin radiance and reducing pore size for overall skin complexion. Continuous growth of multifunctional skin care and color cosmetic products. Types of multifunctional products: 1. Designed for convenience, a total solution, time and money saving (i.e. BB Creams). 2. A product that incorporates additional benefits as part of a more sophisticated solution for greater efficacy (foundations with anti-ageing benefits) 15 Source: Euromonitor International

Wrinkle Reduction Add explanation of the study here Add conclusion of the study here 16

Pore Size Reduction Add explanation of the study here Add conclusion of the study here 17

Summary Features Naturally derived Easy to use powder form Hair Care: Improved curl retention Lower hydroscopicity Soft feel without compromising performance Skin Care: Pleasant dry glossy film Shrinking film provides a tightening sensation Reduces the appearance of fine line, wrinkles and pore size 18

Mission Statement To Build Unwavering Customer Loyalty We accomplish through: Developing long-term customer and supplier relationships by providing innovative solutions to meet the formulating and production needs of our customers. Employing a leading team of technical sales people, supported by an exceptional service organization. Demonstrating the highest level of integrity in every transaction to the mutual benefit of our customers, suppliers and employees. 19 To add or delete this footer, go to "Insert - Header & Footer, do your changes and select "apply to all"

Back of the Deck Creating value, growing together

Skin Care Testing Protocol Back-up TestingProtocol Upon arrival, panelists were allowed to equilibrate to the ambient environment for 30 minutes. Photographs were taken at baseline (face devoid of any topical treatments) and five minutes following a single application of the test product (AMA Lab No. L-9389, Client No.: Eye Tightening Serum Concept Formulation (Honeywell A 107). Detailed, high resolution before and after digital images had fixed camera background, distances, angles, settings, lighting, panelist positioning, color bars, white balance, standardized and digitally certified unretouched. Each stage in the progression of the treatment regimen was photographically documented and the test area of involvement was isolated. Photographs were evaluated using image analysis software which allows the visible wrinkles to be captured and analyzed. The corresponding photographs were taken with fixed camera distances, angles and settings and analyzed using a scale in which the pixel (px) can be used as a unit of physical measurement. The source data consist of either the wrinkled area or the pore area at baseline and at 5 minutes post application. Data used in statistical analysis reflect changes in the size of wrinkles or pores from baseline. 21

Manufacturing Process Outputs Corn Husk & Crude starch Outputs Pure corn starch Steeping 50⁰C,$40$hours Inputs High amylopectin (waxy), corn Water Cyclone separation Filtration / washing Inputs Crude starch Water Grinding / washing / drying Inputs Crude starch water Outputs Finished Finished Polymer NFF 11 Grinding / Packaging Polymer Inputs Extrudate NFF 11 extrudate Outputs Polymer NFF Extrudate 11 extrudate Mechanical Processing Inputs Time, Temperature, Torque Slurry Inputs Crude starch water 22

Hair Care Test Formulations Hair Gel Formulas (41173-06-A&B) Experimental hair gel formulation to compare new polymer to industry standard. A B Phase A Carbomer 0.60 0.60 Water 49.30 49.30 DMDM Hydantoin 0.30 0.30 Phase B Experimental Polymer (30% soln) 20.00 - PVP K 30 (30 % aqueous) - 20.00 Water 20.00 20.00 Phase C Triethanolamine 4.90 4.90 Water 4.90 4.90 Total 100.00 100.00 23