STOCKTON PORT COLD TERMINAL (SPCT) Full Service ‘State-of-the-Art’ Public Refrigerated Warehouse

Rail / Truck Transload Terminal On Overweight Container Barge Corridor

Green Disinfestation / Pasteurization and Fuel Cell Power Generation

Port of Stockton, California, USA

Management Team

• Castle & Cooke Cold Storage, Inc., Operator

– Seventh largest refrigerated storage company in the US, ninth largest in the world

– Leading owner and operator of public refrigerated warehouse (PRW) space in Southern California (based in Colton)

– Owned and operated refrigerated, frozen and dry warehouse facilities in California for 30 years

– Currently operates 25 warehouse facilities in North America

– 61.9 million cubic feet of refrigerated storage under management

• M&L Commodities, Inc., Developer & Owner

– Involved in international trade for the past 35 years

– Southwest Hide Company, one of America’s largest dealer and processors of Hides.

– Recipient of the President’s “E” Award for excellence in export

– Solid experience in designing, building, and operating large-scale international projects

– Employs the latest technologies and the best talents to create world class teams that run deep with experience and proven track records of success

Port of Stockton

Strategic Central California Location

• Located in the heart of the agricultural San Joaquin Valley which produces 12.8% of United States' agricultural production (as measured by dollar value).

• The major West Coast US focal point for

regional, national, and international distribution and logistical services.

• Approximately $6 Billion in U.S. agricultural

products exported through Port of Oakland Customs District annually.

• The Port is situated in the hub of four major freeways, two transcontinental railroads, and on an international waterway.

• Ability to reach 18 million people in 3 ½ hours and 40 million people in 10 hours.

• Provides ‘bypass’ of the congestion in other

West Coast ports for destination points worldwide.

West Coast 4th largest port by tonnage

Port of Stockton

Refrigerated Terminal Complex Phases #1 through #4

Fuel Cell Power Generation

Berths 9 & 10 for reefer ships

Container Barge Terminal

M&L Commodities 3PL Dry Warehouse

M&L RF Pasteurization, Pressure Cool, Disinfestation

Interstate 5

M&L facilities:

UP/BNSF rail via own CCT shortline

Phase #2: Completion 3rd Quarter 2013

Future Phases: #3 & #4

Phase #1: In operation

M&L Commodities’ Refrigerated Complex – Phasing Plan

Phases I through IV Stockton Port Cold Terminal: 4 Initial Phases 20 Acres of leased land 125,000-160,000 sq/ft per phase Frozen and Cold Storage 60,000 sq/ft Green Disinfestation Chambers Fuel Cell Power Generation Preferential Berths 9 & 10 for palletized and containerized loading to reefer-vessels

Phase I: Existing PRW Facilities

Container dispatch via Stockton - Oakland Container Barge Shuttle in 2nd quarter 2012 BNSF & UP rail service supplying the need to trans-load products from rail to truck or rail to container on barge Provisions for loading and unloading of break-bulk chilled and frozen products to/from ships at the adjacent Berth 9 and 10

HACCP / Cold Chain Compliant

State-of-the-Art 140,000 square feet 5 million cubic feet, completed April 2009 17,000 fully racked pallet positions 384 pallet positions available for blast freezing Deep Chill, Slacking, Tempering 100% racked and sprinklered storage Enclosed refrigerated 60-foot dock 24 dock doors 15,000 dry pallet positions

USDA import and export approved RF Scanning and Real Time Inventory Control Product tracking and product recall capabilities EDI capabilities Inventory access via Internet Fully monitored & alarmed for burglary, fire High-low temperature and ammonia detection Repack/Inspection dock available for use Full service freight consolidation (LTL) and (FTL) transportation management Container drayage services to and from the Bay Area container port terminals

On Dock Refrigerated Rail Terminal

Expedited Rail Service from/to Mid West US

Significant revitalization is taking place in rail transport of refrigerated products

The facility is served by both Union Pacific (UP) and BN Santa Fe Railroads (BNSF). Expedited Rail Service. BNSF offer four (4) day service to

Chicago, Illinois from the Port of Stockton, bypassing over-crowded Bay Area rail networks. UP offers coast to coast expedited service in 5 days with twice a week delivery through the “Rail-Ex” program.

Intermodal Facilities. Adjoining UP Lathrop and BNSF

Mariposa Intermodal facilities located within 5 miles of port and major interstate networks.

Transload. Bulk rail and medium haul trucking into the facility

for trans-loading to containers will facilitate increased import/export volumes and the ever increasing problems of sourcing empty reefer containers in the interior.

Dockside Refrigerated Rail Facility. Key additional services,

increasing volume for reefer cargoes routed by rail for longer distances. Cost effective moves. Expansive 60 foot shipping dock connected to rail dock for quick turns of rail trans-loaded product into overweight containers.

Overweights. Ability to overweight containers using the Green

Trade Corridor Marine Highway Container-on-Barge service to/from the Port of Oakland in 2nd quarter 2012.

Strategic Goods Movement Transportation Efficiency

The Port of Stockton location is an important new point of service to markets in California, the Pacific Northwest, the Mid West US and Canada for domestic and international movements utilizing sea, rail, truck, and barge.

Port of Stockton as the End-to-End Solution,

bypassing congestion at other West Coast Ports Optimum utilization of the new M-580 Marine

Highway container shuttle service

Eliminating major volume transit of refrigerated containers and trailers along Highway 580 and connected transport routes. M-580 Marine Highway DOT Tiger Grant Recipient.

Road access for trucks directly off Highways 5

and 99 into the port terminal

No waiting time in port gate queuing (as in Ports of Oakland and LA/LB)

Shorter road transport time from production

facilities to Stockton Facility for exports; this is increasing truckers’ trips per day Conventional reefer vessels direct calls; added

containers on deck for total ship capacity

California Green Trade Corridor M-580 Marine Highway

Stockton Port Cold Terminal will benefit from M-580:

•The M-580 Corridor includes the San Joaquin River, Sacramento River, and connecting commercial navigation channels, and the Port of Stockton/Central California to the Port of Oakland. It connects to the M-580 Corridor at Oakland.

•Container shuttle barge service between the Ports of Stockton and Oakland starting 2q 2012.

• On-dock capability to inspect trans-load imported freight containers to rail or truck.

•Rail trans loading capabilities and services providing containerization of over-weights.

•Eliminates major volume transit of refrigerated containers and trailers from highway routes, reducing road congestion, pollution, and transit time.

Miles

8 Times More Efficient than Truck

3 Times More Efficient than Truck

Port of Oakland

Port of West Sacramento

Port of Stockton

Port of LA LB

Lancaster

I-5 99 Split

I-5 / 99 Central Valley

Corridor

California Agricultural Goods Movement Strategic Plan

– Truck Corridor

– -- Barge Corridor

-- Rail Yards

Intermodal Centers

Economic Revitalization Zone Free Trade & Economic

Development Zone

BNSF

UPRR

CCT

Targeted Industry Sectors

• Exports to Asia and India:

– San Joaquin Valley Growers – Fruit & Vegetable Processors – Meat Packers – Poultry Processors – Refrigerated Dairy Processors

• Direct Import to Valley and US Interior • Pacific Northwest, West, and Mid West

distribution points from South America and major Asian Ports

– Frozen Australian and New Zealand

beef/lamb for processing & distribution

– Frozen Seafood for processing & distribution

– Southern Pacific Rim fruits; winter season

– Large Domestic Retail/Wholesale Channels

• Intermodal Distribution

– National Frozen & Refrigerated Retailers/Food Manufacturers

– San Joaquin Valley Growers

International Gateway Import & Export Infrastructure

Unparalleled Cold Chain. On-dock state-of-the-art green disinfestation chambered facility. Continuous cold chain to Cold Storage and Distribution

Eco-friendly reduced carbon footprint due to lower truck miles, Fuel Cell Radio frequency and other green technology and procedures.

Refrigerated Rail Trans-load Facility on dock to handle expedited refrigerated service to and from the Mid-West, served by both BNSF and Union Pacific

On-dock Import & Export Services with Customs and Border Protection and USDA offices on site, in secure Homeland Security area

Strategic Transportation Efficiency.

Future Expedited Rail Service Break bulk and Containerized Cargo Capabilities

Priority Berthing for Refrigerated Ships, Quick Ship Turns, No Congestion

PARTICULAR FOCUS TOWARDS CHINA’S TIER (I) & TIER (II) CITIES BELOW

Central West Corridor Yangtze Delta Region

TARGETED MARKETS PRIMARILY PACIFIC RIM, SE ASIA AND INDIA

Environmentally Conscious

M&L’s ‘state-of-the-art’ facility incorporates: • Efficient & Environmentally Clean Electrical

Power Using Fuel Cell Technology – Self-generating High-quality base load

electrical power using natural gas – Fulfills 95% of the facility’s requirements

on site – Delivery of excess power back onto PG&E

distribution grid • Tier 1 Logistic Emissions policies • Reduction of Emissions and Road Congestion • Reduced Emissions Pasteurization &

Disinfestation • Logistic Efficiency by Rail & Container-on-

Barge • Direct Ship Loading

Contact: Michael Girdner Stockton Port Cold Terminal Port of Stockton, California Tel: 209-599-7575 Email: mgirdner@mlcommodities.com

On-dock Public Refrigerated Warehouse Terminal Complex As fully built-out through all four (4) phases

Port Facility Direct 2323 Port Rd. A

Stockton, CA 95203 (209) 460-3404