SABIA ESPERANZA CONSERVATION AND RESTORATION

Project Location: province of Imbabura, near city of Ibarra, in northern Ecuador

Total Land Area: 1,500 hectares (3,706 acres)

Total Area to be Preserved: 1,500 hectares (3,706 acres), this land comprises one of the last original high altitude forests (2,500-3,500 meters above sea level / 8,200-11,500 feet). Most forests around the property have been cleared many years ago, and the remaining forest/ecosystems are highly threatened if not preserved.

Estimated CO2 Captured Per Year: 11 tons/ha/year or 16,500 tons/year

Estimated Total CO2 Captured 50 Year Project Life: 825,000 tons or 0.825 million tons

Estimated Cost: USD 90,000,000/50 years (USD 2,000,000 first year)

Estimated Project Launch: fall/winter 2024

Carbon sequestration to be verified during certification, subject to change.

Estimated carbon credits certification: Spring 2025. For more detailed