Investment Summary – Northern Lakes Seafood & Meats, Inc.

On August 23, 2013, Grow Michigan, LLC (“GrowMI”) made a non-equity investment into Northern Lakes Seafood & Meats, Inc. (“NLSM”), a Hamtramck-based wholesale supplier of fresh and frozen seafood and meats throughout Michigan and Ohio. GrowMi’s investment into NLSM was made in collaboration with Fifth Third Bank’s senior financing and positions NLSM to increase its capital availability while reducing its overall cost of capital so as to accelerate its growth initiatives, including expansion of its commercial and retail distribution network, primarily in Michigan.

Founded in the mid-1950’s and operated since 1978 by the current ownership from a 70,000 sq.ft. USDA-certified facility with 30 employees in Detroit/Hamtramck, NLSM has developed a reputation as an industry leader, focusing on the highest level of customer satisfaction, responsiveness and fulfilling high quality/low volume requirements of the seafood and meat industry.

Investment Summary – Northern Lakes Seafood & Meats, Inc.