FPA Energy Acquisition ^{Filed Terms, Nasdaq: FPAQU}

We are a blank check company. Although there is no restriction or limitation on what industry our target operates in, it is our intention to focus our efforts on businesses in the waste-to-energy industry with enterprise values of approximately $300 million to $1.0 billion. To date, our efforts have been limited to organizational activities and activities related to this offering. We have not identified any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on assets used in generating sources of alternative energy. Examples would include waste-to-energy (“WTE”) facilities converting poultry, dairy, food, wood chips, tires and other sources. We intend to identify and acquire a business that could benefit from a hands-on owner with extensive operational experience in the energy sector in North America, Central and South America and that presents potential for an attractive risk-adjusted return profile under our stewardship. We also intend to identify potential properties that provide for income yield to our stakeholders.