Investor Presentaiton

Contingent Payoff Structure that is Incentive Compatible: Step-Up / Neutral / Step-Down Mechanism KPI-2 Maintenance of Native Forest area by 2025, in % of baseline More than 103% Less than 100% Step Down Coupon Outperforms SPT 2.2 - [X1] bps to SSLB Coupon 103% No Change in Coupon Meets SPT 2.1 but does not exceed SPT 2.2 100% Step Up Coupon Failure to Meet SPT 2.1 + [X1] bps to SSLB Coupon 45

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