Pollution Risk Services offers clients Comprehensive Liability Transfer Agreements (CLTA) to meet their remediation and property development needs. In addition to remediation solutions, PRS offers risk assumption alternatives to effect real estate development & redevelopment.

First and foremost, PRS seeks to develop innovative solutions to assist clients in reducing or eliminating the cost of remediation, while returning contaminated real estate to economic and community usefulness. This is what PRS calls Environomics .

Environomics is achieved in three ways:

1. Liability Transfer Only - Clients contract with PRS on a fixed fee basis to transfer the contamination liability associated with the real estate:
• PRS remediates site
• PRS redevelops site

Benefit to Client: The liability associated with the real estate is transferred from the responsible party/parties to Pollution Risk Services for a firm fixed dollar amount. No surprise costs.

2. Property & Liability Transfer - Real estate property ownership is transferred from the client to PRS along with all the associated current and future risk.

Benefit to Client: The liability associated with the real estate is transferred from the responsible party/parties to Pollution Risk Services for a firm fixed dollar amount. Upon PRS assuming ownership of the site, responsible party/parties are relieved from all current and future liability associated with the contaminated site, including offsite contamination caused by the site.

3. Limited Liability Company Formation - PRS and the client enter into an operating agreement forming a Limited Liability Company (LLC).

Benefit to Client: The liability associated with the real estate is transferred from the responsible party/parties to the newly formed LLC. Profits generated by the Company, upon remediation and development of the real estate, means a once liability-laced real estate site is now a revenues generating asset -- Turning a losing proposition into a winning asset.

How Does LLC Formation Work?

Client contributes to the newly formed LLC:

• Contaminated Real Estate
• Associated Risk (current & future)
• Associated Insurance Policies/Funds
• Associated Debt

Client receives from the newly formed LLC:

• Equity Shares in the LLC
• Common Shares in the LLC
• Percentage of Profits realized by the LLC

PRS contributes to the newly formed LLC :

• Remediation Expertise
• Real Estate transformed from Liability to Asset
• Risk Assumption associated Real Estate
• Environomics

PRS receives from the newly formed LLC:

• Equity & Common Shares in the LLC
• Percentage of Profits Realized by the LLC
• Remediation & Redevelopment Contracts

Additional PRS Benefits Available to Clients:

Further Reduction & Elimination of Cost: To further reduce or eliminate the client's cost of remediation; PRS offers a Reinsurance & Risk Assumption program that replaces the need for costly reinsurance.

1. Reinsurance & Risk Assumption Program:
   Under the Reinsurance & Risk Assumption Program, PRS places its own company assets into a trust equal to the amount of reinsurance required by the contract. These trust assets replace the need to purchase costly reinsurance.
• Why is the Reinsurance and Risk Assumption Program beneficial?
  The Reinsurance & Risk Assumption Program:
  1. Eliminates the need to purchase costly reinsurance.
  2. Reduces the overall project cost.
  3. Fully collaterizes any and all cost overruns, up to the level desired by the client.
  4. Caps contract costs and eliminates the client's financial risks.
2. Tax Incremental Financing (TIF):
   Another remediation and redevelopment cost reduction/elimination practice implemented by PRS is to secure Tax Incremental Financing on the real estate, when appropriate. Though obtaining TIFs are cumbersome, PRS has the experience to navigate the bureaucratic obstacles and obtain TIFs.