Slide · 01Cover

Why A$15M? · Valuation justification

Priced after proof.
Before scale.

A justification of Fresh Earth Universe’s A$15M pre-money valuation — built for normal-people wholesale investors.

Raise

A$1.5M @ A$15M pre

Instrument

Ordinary shares

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 02Why now does this valuation make sense

Three things just became true at once.

The A$15M frame is supported by a moment when three independent conditions converged.

Regen markets

Carbon, biodiversity, natural-capital pricing has matured into investable categories.

First licensee

Fresh Earth Agriculture AUS established — the model exists outside FEU on paper.

Audit pathways

Real farms running real measurement, reporting, verification protocols today.

Three independent conditions had to hold. They do. That is what A$15M is pricing.

Illustrative only. Not a forecast, guarantee or promise of return or liquidity. Any future valuation uplift or liquidity pathway will depend on company performance, execution, dilution, legal and regulatory requirements, board approval, market conditions, investor demand and other risks.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 03Why a single farm sale doesn't price this

A farm is sold. A platform compounds.

The infrastructure layer hides the bill — and the upside. If FEU were a single farm, comparable transactions would set the ceiling. It is not.

A single farm

Land. One operator. One revenue arc. Price set by comparable land sales. Limited optionality.

The platform

Standards. IP. Verification. Licence model. Priced as infrastructure — not as comparable land.

Comparable farms don’t price platform value. They price land.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 04What investors are pricing

Not a farm. Not a project. Investment infrastructure.

The A$15M valuation is for the rails — the standards, IP, licence model, verification pathway, and the operating system that makes regenerative land repeatable.

01
Standards & IP that other operators can licence.
02
Verification pathways that meet audit-grade requirements.
03
A licence model with Fresh Earth Agriculture AUS as first precedent.
04
A pathway to FEVT — capital formation infrastructure (future).
05
Multi-revenue architecture — not single-project economics.

Buy the rails. Not the wagon.

FEVT (Fresh Earth Value Token) is a future infrastructure layer. FEVT is not part of this raise. The current raise is a straight equity investment in FEU.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 05What A$15M is supported by today

Nine evidence anchors for the floor.

Each anchor below has already been crossed. These are not forecasts.

First licensee model established through Fresh Earth Agriculture AUS

Real farms and project pathways in motion

Land-backed operating precedent

Carbon, soil, biodiversity, environmental project experience

Verified revenue precedent across pilot operations

Hillview Park as a working precedent (1,167 ha · not declared first migration)

Audit, verification, data pathways underway

ZNE-Ag CRC alignment (Tier 2 · 10-year A$300M national program)

Scalable infrastructure model designed to move beyond one farm

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 06How FEU earns

Eight revenue streams. Not one.

The A$15M valuation rests on a diversified architecture, not on any single revenue line.

#StreamStatus

01Project development feesUnderway · pilot operations

02Measurement, reporting & verification feesUnderway · pilot operations

03Share of project revenuesDesigned · early projects

04Regional licences (FEAG AUS precedent)Designed · licensee economics

05Marketplace take-ratesFuture · platform-led

06Software subscriptionsFuture · platform-led

07Premium asset salesFuture · scaled operations

08FEVT-related infrastructure feesFuture · subject to FEVT launch

Each stream a different timeline. All compound.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 07Where FEU captures value in a project lifecycle

One project. Five FEU value-capture points.

Each project a licensee runs creates value for FEU at multiple points — not only at sale.

STEP 01

Design

Expert blueprint — standards-led

STEP 02

Provide

Inputs flow in · physical + digital

STEP 03

Operate

Change implemented by the licensee

STEP 04

Verify

Independent audit measures the delta

STEP 05

Monetise

Audited delta becomes a tradable revenue line

FEU’s share grows with the licensee. Not just at exit.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 08Why MRV is the moat

Verification is what unlocks platform multiples.

Land sells at land multiples. Verified, audit-grade outcomes sell at infrastructure multiples. The moat is the measurement, reporting and verification layer — and FEU owns it.

Without MRV

Claims. No audit trail. No comparable transaction class. Regulator-hostile. Price = land comparable.

With FEU MRV

Audited deltas. Investment-grade structuring. Regulator-aligned. Price = platform infrastructure.

The moat is verification. Verification is what we own.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 09FEVT · future layer · not part of this raise

What FEVT is. What FEVT is not.

FEVT is the Fresh Earth Value Token — a future investor-participation infrastructure layer. Part of this raise funds the legal, compliance and structuring pathway. But FEVT itself is not part of this raise.

FEVT is

· A future infrastructure layer
· Designed to enable land-acquisition funding
· A pathway that may increase FEU enterprise value if launched

FEVT is not

· Part of this raise
· A token sale
· A direct liquidity mechanism for FEU shares

FEVT (Fresh Earth Value Token) is a future infrastructure layer. FEVT is not part of this raise. The current raise is a straight equity investment in FEU.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 10How treasury compounding supports the pathway

As verified outcomes accumulate, the platform compounds.

Each licensee that operates, each project that audits, each verified delta adds to FEU’s position. The treasury compounds — and the valuation pathway rests on this compounding, not on a single transaction.

01Project completesAudit delta measured · revenue line activates

02FEU captures shareMultiple capture points across the project lifecycle

03Position accumulatesNew projects add new positions · FEU equity grows

04Platform value risesMore verified positions = stronger enterprise value baseline

The treasury compounds with the land. The valuation pathway rides that curve.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 11Why four markets meeting here supports the valuation

Land. Climate. Capital. Verification.

Fresh Earth sits at the intersection of four investable categories already attracting capital, policy support and institutional attention.

Market 01

Regenerative agriculture

Market 02

Environmental markets

Market 03

Real-world asset infrastructure

Market 04

Measurement, reporting & verification

One market is a thesis. Four meeting is a foundation.

Market sizing indicative; does not imply market share or revenue outcomes.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 12The execution-risk leg of valuation

Built by farmers, scientists, and operators.

The A$15M valuation also reflects the team that has carried the model from concept to first licensee — and the capability still in place to carry it from precedent to platform.

· Operating leadership with land, verification and capital-markets experience
· Scientific and audit-grade rigor on standards · MRV protocols
· Project development experience across pilot operations
· Capital formation experience across regulated frameworks

Execution risk is real. So is execution capability.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 13What investors are really buying

Five layers. One stack.

The investment thesis is straightforward: you back the platform that owns the standards, the licence model and the verification pathway — not any single farm or project.

Fresh Earth Universe

Platform · IP · standards · licence model

Fresh Earth Agriculture AUS

First licensee · operating partner

Farms & Projects

Land · carbon · biodiversity · soil · water

Verification & Revenue

Audits · data · project revenue · licence economics

Future FEVT layer

Capital formation infrastructure (future)

FEVT (Fresh Earth Value Token) is a future infrastructure layer. FEVT is not part of this raise. The current raise is a straight equity investment in FEU.

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 14The ask · term sheet

A$1.5M at A$15M pre-money. To scale the rails.

Straight equity. Wholesale only. The valuation reflects the work done — not the work ahead.

Term sheet

InstrumentOrdinary shares

IssuerFresh Earth Universal Pty Ltd

ValuationA$15M pre-money

Raise sizeA$1.5M

Wholesale minimumA$50,000 · s708(8)/(11)

Use of fundsRails build · MRV · FEVT structuring pathway · licensee onboarding

Contactinvestor@freshearth.io

For wholesale investors only under s708(8) and/or s708(11) Corporations Act 2001 (Cth). Minimum ticket A$25,000. Not a Product Disclosure Statement. Forward-looking statements made on reasonable grounds under s769C(1).

Wholesale only · s708(8)/(11) · Not financial advice · Past performance not a reliable indicator.

Slide · 15Liquidity + close

Liquidity has been thought through.
It is potential. Not promised.

Six possible mechanisms. None guaranteed. Illustrative ROI scenarios for orientation only.

PATH 01

Strategic acquisition

PATH 02

Country / regional licence sale

PATH 03

Controlled secondary transfers

PATH 04

Tender offers / buybacks

PATH 05

Royalty-stream monetisation

PATH 06

Public market pathway

Illustrative ROI scenarios

Future EVUplift from A$15MDriver

A$30M2×Platform + FEVT structure

A$45M3×Early FEVT activity · more farms

A$75M5×FEVT live · land-acquisition pathway

A$150M10×Licence expansion · revenue maturing

A$300M20×Strategic platform value

You buy a piece of the rails. Not a piece of one farm.

FEVT (Fresh Earth Value Token) is a future infrastructure layer. FEVT is not part of this raise. The current raise is a straight equity investment in FEU.

Priced after proof.Before scale.

Three things just became true at once.

A farm is sold. A platform compounds.

Not a farm. Not a project. Investment infrastructure.

Nine evidence anchors for the floor.

Eight revenue streams. Not one.

One project. Five FEU value-capture points.

Verification is what unlocks platform multiples.

What FEVT is. What FEVT is not.

As verified outcomes accumulate, the platform compounds.

Land. Climate. Capital. Verification.

Built by farmers, scientists, and operators.

Five layers. One stack.

A$1.5M at A$15M pre-money. To scale the rails.

Liquidity has been thought through.It is potential. Not promised.

Priced after proof.
Before scale.

Liquidity has been thought through.
It is potential. Not promised.