AT A GLANCE

This business plan seeks to outline opportunities for Covenant Energy Group, LLC, a Florida Limited Liability Company

in formation, (hereinafter “CNRG”, “Company”) that will generate significant growth in Company vertical sales and profits from

furnishing engineering services; installation of Smart Grid power generation systems; implementation of power delivery projects

and renewable power generation systems, with a fine focus on PV and Hydrogen Fuel Cell technologies. The Company has

identified three primary targets. The first target is an alternative energy de-centralized cogeneration model. With cooperation

and invitation from Seminole Electric Cooperative, Inc. (hereafter referred to as SECI) we will provide Micro-Grid Power

Generating Facilities next to SECI’s Distribution Substations. This will address issues SECI has identified. SECI is in need of

additional capacity to supply their customers. This in addition to the Nuclear Power Plant decommissioning will have SECI

purchasing power from additional outside sources. They are also in need of “Green” Power Generation in their Footprint. After

the initial 10 locations have been completed, this design model can be replicated across the Seminole Electric Cooperative

geographical footprint of transmission and distribution co-ops, yielding accelerated cash flow and formidable company growth

over several years to come. The second target would be to proliferate the model nationally and internationally. The third target

would be leveraging our infrastructure investment to establish and take advantage of other vertical markets to maximize profits

and expand our branding. CNRG’s current plan highlights a multi-year sales revenue target that relies on proactive synergies

and teaming among: (a) project financing provider and (b) reputable local and regional engineers, suppliers and construction

companies. This structure limits outside competition, improves pricing and mitigates risk.

Highlights

• Large Distributed Power Generation Facility with Fixed assets and already established consumer base

• Synergistic Relationship with the entities we will supply power to at their invitation

• Virtually Unlimited Growth Potential. The clients will purchase as much power as we can produce

• Entry into the highly coveted “Green” energy generation market with both commercial and government appeal

• Federal Tax Incentives to reduce the cost of the assets or reduce a Company’s Federal Tax Liability.

• Vertical Markets that are poised to be the next paradigm shift for the energy distribution and fueling

Financial Overview

Each Micro-Grid Facility will generate approximately 19 MW of base load power at a cost of $50 million to install and

approximately $600,000 to maintain each year. The 30% Tax Incentive will reduce the $50 million drastically. Each facility will

initially generate revenues of $5 million plus through the year 2020 and then $9 Million plus from year 2021 going forward. In

2021 we will get a Capacity Power Purchase Agreement (PPA) when existing contracts expire. Additionally, there will be

revenues from Peak Demand request which will be at a higher yet to be determined rate. SECI has identified 10 locations they

would like to start with all within just the WREC footprint. Additional expansion is available in the WREC footprint and the other

8 SECI member Cooperatives and in our second target expansion. Additionally, we are working with CEMEX, the world’s largest

cement producer and distributor, to provide power by collocating on their property. With the ability to provide power direct to

the customer at a higher price and to offer the ability to reduce some of their emissions and discharges and allow them to take

advantage of PR from having “green” activities at their plant. We are working in the development stages on a plan to provide

power and hydrogen refueling to the general public to facilitate the eminent need posed by the Auto Industry selling Electric

and Hydrogen cars. We are currently working with players such as Siemens, Toyota, Hyundai, and Tesla to name a few.