About Carbon Streaming

Carbon Streaming Corporation (Carbon Streaming) operates as an environmental, social and governance (ESG) principled company offering investors exposure to carbon credits, an instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. The company’s business model focuses on acquiring, managing, and growing a portfolio of investments in projects and/or companies that generate or are involved, directly or indirectly, with voluntary and/or compliance carbon credits. The company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. The company recognizes revenue from the sale of carbon credits. Revenue is recognized upon transfer of control of the carbon credits to customers in an amount that reflects the consideration the company receives. It sells carbon credits to customers whereby the company transfers the carbon credits directly to the customer or retires the carbon credits on the customer’s behalf. Revenue from the sale of carbon credits is recorded when the carbon credits have been retired or transferred and the company’s performance obligation has been satisfied. In September 2021, the company acquired Rimba Raya Biodiversity Reserve project verified carbon units (VCUs), which are carbon credits that are issued by Verra, an international institution based in Washington D.C. that manages carbon credit standards, outside of its carbon credit streaming investments. In August 2021, the company announced that it entered into a carbon credit streaming agreement with Infinite-EARTH Limited (InfiniteEARTH), the developer of the REDD+ (Reducing Emissions from Deforestation and forest Degradation) Rimba Raya Biodiversity Reserve project in Borneo, Indonesia (the ‘Rimba Raya Stream’). Under the terms of the Rimba Raya Stream, InfiniteEARTH will deliver 100% of the carbon credits created by the project, expected to be over 70 million credits over the next 20 years. In May 2021, the company announced that it entered into a carbon credit streaming agreement with MarVivo Corporation (MarVivo) to implement the proposed MarVivo Blue Carbon Conservation Project in Magdalena Bay in Baja California Sur, Mexico which focuses on the conservation of mangrove forests and their associated marine habitat (the ‘MarVivo Stream’). In June 2021, the company announced that it entered into an exclusive term sheet with the Bonobo Conservation Initiative (BCI) to provide initial funding to BCI to develop two carbon credit projects within the Bonobo Peace Forest located in the Democratic Republic of Congo. In September 2021, the company announced that it had entered into a carbon credit streaming agreement with Ecosystem Regeneration Associates – ERA Brazil (ERA), to implement and scale up the Cerrado Biome project, which aims at protecting native forests and grasslands in the Cerrado biome, Brazil (the ‘Cerrado Biome Stream’). Included in other strategic assets, and in conjunction with the Rimba Raya Stream, the company and the founders of InfiniteEARTH (‘Founders’) also entered into a strategic alliance agreement (the SAA). History Carbon Streaming Corporation was incorporated in 2004 under the Business Corporations Act (British Columbia). The company was formerly known as Mexivada Mining Corp. and changed its name to Carbon Streaming Corporation in June 2020.