fresh
earth

The 11 billion hectare figure is not a rhetorical device — it is the IPCC's and ABARES-aligned estimate of degraded and at-risk agricultural land globally. No single mechanism has succeeded in turning degradation into a consistent financial return. Until verification is on-chain and the economics are structured, capital cannot flow. Fresh Earth exists to solve exactly that problem.

4 NSW Landholdings · 6,271 ha total

Data sources: Sequestration figures are 25-year ERF-methodology projections — CER-registered estimates, not yet verified ACCUs (Soil Carbon · CFI Methodology Determination 2021). Source: Clean Energy Regulator project registry. Carbon uplift (0.7 tCO2e/ha/yr): ABARES 2024 peer-reviewed estimate. Degraded-land scale (11B ha): IPCC AR6 WGIII 2022 Ch.7. Crookwell 3 / Glenclair Aggregation projections: CFI Methodology Determination 2021.

What we have already built

Investor onboarding flow · one visual

Forward-looking statements in this slide are made on reasonable grounds under s769C(1) Corporations Act 2001 (Cth).

For wholesale investors only under s708(8) and/or s708(11) Corporations Act 2001 (Cth). Investor certificates must be current and in FEU's possession before any offer is made. Not financial advice. Not a PDS or offer document. Past performance is not a reliable indicator of future performance. No guarantee of returns or liquidity.

This document has not been lodged with ASIC as a disclosure document. No disclosure document is required as the offer is made solely to wholesale investors under s708 Corporations Act 2001 (Cth). Advertising and publication restrictions under s734 do not apply to this exempt wholesale offer. Distribution outside the s708 wholesale exemption is prohibited. Minimum ticket A$25,000.

This offer is NOT available under the crowd-sourced funding (CSF) exemption (s738H Corporations Act 2001 Cth). Retail investors are not eligible. Wholesale investor certificate under s708(8) and/or s708(11) must be current and in FEU's possession before any offer proceeds.

How the revenue stack works

Each country licence generates three income streams for FEU: an upfront licence fee (non-dilutive cash at signing), a recurring royalty of up to 15% PDF · floating, capped MAX on Project Development Fee revenue (paid last · flexes down before treasury floor) from each operating Country Company, and a ~20% equity stake in each Country Company — entitling FEU to dividends as operations mature. The $325M forward-looking valuation (s769C(1)) applies a 25× EV/Revenue platform multiple to a modelled one-country royalty stream of A$13–16M — consistent with Indigo Ag, FBN, and Agreena comparables. FEVT and FEIT are ring-fenced from equity; token ≠ equity.

Market opportunity

Comparable platforms · EV/Revenue precedent

EV/Revenue multiples are forward-looking references only (s769C(1)) · not guarantees of equivalent performance

Sources: Indigo Ag (Crunchbase 2023) · FBN (PitchBook 2024) · Regrow Ag (SEC Filing 2023) · Arbol (Bloomberg 2023) · Agreena (Reuters 2023)

Forward-looking statements are based on assumptions current at the date of preparation and are made on a reasonable-basis under s769C(1) Corporations Act 2001 (Cth). Actual results may differ materially. These are not guarantees of performance.

FEVT is a future ownership layer. Not issued, sold or pre-allocated under this offer. Any future FEVT issuance requires its own offer document under applicable Australian financial services law.

FEIT (Fresh Earth Impact Token) is in development. Not issued or pre-allocated under this offer. Requires separate offer documentation. All valuations in this deck assume zero contribution from FEIT.

Forward-looking statements are based on assumptions current at the date of preparation and are made on a reasonable-basis under s769C(1) Corporations Act 2001 (Cth). Actual results may differ materially. These are not guarantees of performance.

Liquidity journey · one visual · entry to major event

Source: Investor Exit Strategy Summary V2 (Jan 2026). Forward-looking · prepared on reasonable grounds s769C(1) Corporations Act 2001 (Cth). All timings are estimates. No liquidity guaranteed at any time. FEVT and FEIT are future instruments requiring separate offer documents (s738H).

Liquidity risk — in plain language

There is no guaranteed minimum holding period and no obligation on the Company to provide liquidity at any time. All five pathways are conditional on milestones being reached. FEVT NAV-based liquidity is ring-fenced from equity (token ≠ equity). CUPM royalty: 15% PDF · floating, capped MAX — paid last — flexes down before treasury floor. You may lose all or part of your invested capital. Only invest an amount you can afford to lose and that you do not need access to for an extended period. These projections are forward-looking under s769C(1) and are not guarantees of performance.

For wholesale investors only under s708(8) and/or s708(11) Corporations Act 2001 (Cth). Investor certificates must be current and in FEU's possession before any offer is made. Not financial advice. Not a PDS or offer document. Past performance is not a reliable indicator of future performance. No guarantee of returns or liquidity.

Forward-looking statements are based on assumptions current at the date of preparation and are made on a reasonable-basis under s769C(1) Corporations Act 2001 (Cth). Actual results may differ materially. These are not guarantees of performance.

FEVT is a future ownership layer. Not issued, sold or pre-allocated under this offer. Any future FEVT issuance requires its own offer document under applicable Australian financial services law.

For wholesale investors only under s708(8) and/or s708(11) Corporations Act 2001 (Cth). Investor certificates must be current and in FEU's possession before any offer is made. Not financial advice. Not a PDS or offer document. Past performance is not a reliable indicator of future performance. No guarantee of returns or liquidity.

Forward-looking statements are based on assumptions current at the date of preparation and are made on a reasonable-basis under s769C(1) Corporations Act 2001 (Cth). Actual results may differ materially. These are not guarantees of performance.

FEIT (Fresh Earth Impact Token) is in development. Not issued or pre-allocated under this offer. Requires separate offer documentation. All valuations in this deck assume zero contribution from FEIT.

FEVT is a future ownership layer. Not issued, sold or pre-allocated under this offer. Any future FEVT issuance requires its own offer document under applicable Australian financial services law.

We have to build what we say we're building. If the platform is delayed, milestones slip and valuations don't reach their targets on time.

Mitigation: Experienced technical team (20+ years digital infrastructure). External audit required at every milestone before valuation uplift is claimed.

Carbon and regenerative land markets are new. Governments can change the rules. Australia has done it before with carbon credits.

Mitigation: Multi-jurisdiction legal monitoring. PKF governance. Dual-jurisdiction architecture by design.

Farmers have to choose to participate. If adoption is slower than projected, platform revenue grows slower than the milestone projections show.

Mitigation: Live pilot programme on 4 NSW properties (6,271 ha). Proof before scale. CoP methodology already delivering verified carbon credits.

This is a long-term hold. There is no guaranteed near-term exit. If you need access to this capital within two years, this investment is not right for you.

Mitigation: Wholesale-only offer. Financial advisor certificate required before participation. Liquidity events board-approved and conditional on milestones.

FEVT and FEIT are future instruments. Regulation could make them harder to issue or constrain their design. Neither is offered under this instrument.

Mitigation: FEVT and FEIT fully ring-fenced. Separate offer documents required for each. Zero contribution assumed in all valuations shown in this deck.

For wholesale investors only under s708(8) and/or s708(11) Corporations Act 2001 (Cth). Investor certificates must be current and in FEU's possession before any offer is made. Not financial advice. Not a PDS or offer document. Past performance is not a reliable indicator of future performance. No guarantee of returns or liquidity.

This document has not been lodged with ASIC as a disclosure document. No disclosure document is required as the offer is made solely to wholesale investors under s708 Corporations Act 2001 (Cth). Advertising and publication restrictions under s734 do not apply to this exempt wholesale offer. Distribution outside the s708 wholesale exemption is prohibited. Minimum ticket A$25,000.

This offer is NOT available under the crowd-sourced funding (CSF) exemption (s738H Corporations Act 2001 Cth). Retail investors are not eligible. Wholesale investor certificate under s708(8) and/or s708(11) must be current and in FEU's possession before any offer proceeds.

Forward-looking statements are based on assumptions current at the date of preparation and are made on a reasonable-basis under s769C(1) Corporations Act 2001 (Cth). Actual results may differ materially. These are not guarantees of performance.

FEIT (Fresh Earth Impact Token) is in development. Not issued or pre-allocated under this offer. Requires separate offer documentation. All valuations in this deck assume zero contribution from FEIT.

FEVT is a future ownership layer. Not issued, sold or pre-allocated under this offer. Any future FEVT issuance requires its own offer document under applicable Australian financial services law.