N E K O T G N I D A R T ST I D E R C N O B R A C D E Z I L A R T N E C E D TS R I F S ' D L R O W E H T

CORPORATE
Presentation NOVEMBER 2021
N E K O T G N I D A R T ST I D E R C N O B R A C D E Z I L A R T N E C E D TS R I F S ' D L R O W E H T

Disclaimer
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Recipients of this Presentation are not to construe its contents, or any prior or subsequent communications from or with any company referred to herein or their representatives as investment, legal or tax advice.
In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of the relevant company or fund. Recipients of this Presentation
should each make their own independent evaluation of the relevance and adequacy of the information in this Presentation and should make such other investigations as they deem necessary. By participating in
and/or accepting delivery of this Presentation you agree to be bound by the foregoing restrictions and the other terms of this disclaimer. This Presentation may contain forward-looking statements that reflect
current expectations regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors.
Forward-looking statements may include, but are not limited to, statements relating to our future financial outlook and anticipated events or results and may include information regarding our business, financial
position, growth plans, strategies, opportunities, competition, budgets, operations, financial results, plans and objectives. In particular, and without limiting the generality of the foregoing, this Presentation contains
forwardlooking information concerning: general market conditions; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; our business plans and strategies;
future development activities, including the development of our blockchain technology platform to tokenize carbon credits; expectations with respect to future opportunities; and the competitive conditions of the
industry in which the Company operates. Our forward-looking information is based on the beliefs, expectations and opinions of management of the Company on the date the information is provided. Readers
should not place undue reliance on forward-looking information.

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UNLOCKING LIQUIDITY AND TRANSPARENCY

TO GLOBAL CARBON CREDIT MARKETS

"The cost of offsetting corporate carbon emissions is expected to surge tenfold over the next
decade as growing numbers of businesses adopt net zero targets, with carbon credit prices
tipped to reach between $20 and $50 a metric ton of CO2 by 2030" - Trove Research, June 2021
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INTRODUCTION
• Carbon offset credits represent an emerging asset class that could become a trillion
dollar category. *
• With a global push toward Net Zero 2050 and strong support from institutional funds,
market demand for carbon offset credits is set to soar.
• Supply is constrained by antiquated, fragmented and opaque trading systems.
• First Carbon Corp. offers carbon credit issuers an "on ramp" to the blockchain via its
proprietary platform which leverages the power of Non-Fungible Tokens (NFTs) on the
Blockchain thus unlocking liquidity, security and flexibility.
• CNBC, MAY 2021
N E K O T G N I D A R T ST I D E R C N O B R A C D E Z I L A R T N E C E D TS R I F S ' D L R O W E H T

THE CARBON MARKET, TOKENIZED

The Challenge The Opportunity The Solution
While carbon credits are Voluntary carbon credits are Leveraging blockchain
broadly available, trading is quickly becoming an technology, we are bringing
highly inaccessible, inevitable part of everyday liquidity to carbon markets
fragmented, opaque and life; estimates show that through a decentralized
inefficient. These issues demand could increase 15 platform that will formalize
hamper both the supply and times by 2030 to $50 billion.* offset trading on tokenized
demand in the markets. exchanges.

• TASK FORCE ON SCALING VOLUNTARY CARBON MARKETS

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An emerging asset CLASS

Total Value of Carbon credits traded globally ($USD)
• Increased pressure to implement $300B
Environmental, Social & Governance
2020
(ESG) policies has resulted in rapidly $261.2 BILLION

growing demand for carbon offset

$200B
markets.

• The total value of global carbon

$100B
markets grew five times since 2017,
hitting a record $261 billion in 2020
(compliance & voluntary markets
$0
combined.) 2012 2013 2014 2015 2016 2017 2018 2019 2020

SOURCE: REFINITIV/FORTUNE | AMOUNTS CONVERTED FROM EURO TO USD

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INCREASed FOCUS on OFFSETS

Bought Issued
• The Institute of International Finance 200B
believes there is "huge upside
potential" for voluntary carbon credits,
150B
predicting the market could be worth
as much as $100B/year by 2050
100B

• In the past two years alone, the

number of voluntary offsets sold has 50B
doubled, due to increasing interest
among organizations and individuals to
0
reduce their carbon footprint. 09

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SOURCE: TASKFORCE ON SCALING VOLUNTARY CARBON MARKETS
NOTE: ONE CARBON CREDIT REPRESENTS ONE TON OF CARBON DIOXIDE AVOIDED OR
SEQUESTERED. 7
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IT'S TIME FOR CHANGE
Creating the market is as important as investing in the solutions themselves.
ANTIQUATED SOLUTIONS
Voluntary carbon credits are
underpinned by an antiquated
"over-the-counter" system
that prevents the industry
from reaching scale.
Lack of Secondary Market
There is currently no
secondary market at scale to
buy, sell, or trade carbon
credits and give participants
necessary liquidity.
the magic bullet
A new level of transparency,
standardization, and
accountability in the carbon
markets would provide
confidence and unlock growth.
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BLUE SKY Potential

• Voluntary Carbon Market (VCM) represents only 0.2% of global
greenhouse gas emissions. Global Voluntary Carbon Credits Issued (tCO2e)
800M
• Demand is forecast to increase significantly, driven by a growing
number of corporate Net Zero commitments.
• This, in turn, will increase transparency that real emissions
reductions are being achieved. 600M
• As demand for carbon credits increases, the costs of
undertaking real emission reduction projects will need to rise as
lower project costs are used up.
• Today's average prices of $3.00-$5.00/tCO2e will need to 400M
increase to $20.00-$50.00/tCO2e by 2030 and potentially up to
$100.00/tCO2e, if governments undertake lower cost projects
first. 200M
• Prices are expected to keep rising through 2050.

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D
YT
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• SOURCE: TROVE INTELLIGENCE, JUNE 2021 9
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TRILLION DOLLAR MARKETS

"Investors Managing $6.6 Trillion Call for Funding Carbon Removal"

"Carbon offset market may need to grow fiftyfold to meet

2050 net-zero emissions goals "

"ESG investing to reach $1 trillion by 2030, says head of iShares

Americas as carbon transition funds launch."

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Our Solution
• We are building the world's first decentralized non-fungible
voluntary carbon credit token.

• Powered by the low emission Polygon network, our platform

provides carbon credit issuers an “on ramp” to the Blockchain, while
enabling users to track, trade and burn credits in a simple and
secure way accessible to everyone, everywhere.

• First Carbon Corp NFTs will be minted on the Polygon, a low

emission, proof of stake consensus blockchain that connects
Ethereum-compatible blockchain networks into one to enable a
multi-chain Ethereum ecosystem.

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Why decentralized?
Decentralize exchange technologies tap into the DeFi universe, which
holds unprecedented advantages.

• Permissionless global trading on platforms operating 24/7/365.

• Secure and easy access for investors into an emerging asset class.
• A massive and growing pool of global liquidity.
• Programmable functionality through smart contracts and
interoperability via composable "lego block" like primitives that enable
new types of capital formation and trading.
• A reliable framework that could easily increase the flow of capital into
carbon reduction initiatives, helping historically underfunded
environmental companies and projects.

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The Power of Blockchain

NFTs (Non-fungible Tokens) Innovative TEchnology
Digital tokens, secured with programmable smart contracts on First Carbon has pioneered use of NFTs to digitize and allow for
the Ethereum blockchain, that certify a digital asset to be unique the trading of tokenized carbon credits.
and, therefore, not interchangeable.

Secure Market Liquidity

Carbon credits are all unique and have different properties, Carbon credits with individualized meta data and a record of
payouts, and distribution rights, making them "non fungible". ownership provide the transparency and accountability necessary
to increase liquidity in the carbon markets.

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HOW IT WORKS
Tokenized carbon credits become
24/7 tradeable commodities for
investors and corporations.

Offset projects feed supply of third

party verified carbon credits into our
tokenized platform.

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Getting Started
Create an account and link it to an
NFT wallet application like MetaMask.
Prepare to Mint
Once your wallet is connected, you
will be able to upload the specific
details of your tradeable carbon
credit assets, along with a copy of
your logo, to create a unique NFT.
Mint Your Credits
Once you've submitted your details,
our platform will mint your carbon
credits on the public ledger.
Depending on the network capacity,
this transaction can take up to a few
minutes. Once this process is
complete, your contact will be
viewable on tools such as Etherscan.
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Selling & Tracking

View & List on OpenSea
You'll be able to list and view
your Carbon Credit NFT on any
decentralized exchange, such as
OpenSea, the largest in the
world.

Track Your Assets

MintCarbon allows you to track your NFTs, their current value, trading history, and
other aspects of the carbon credit market right from your personal dashboard.

LEARN MORE and get launch updates AT mintcarbon.io

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DEVELOPMENT TIMELINE
1 2
CARBON TOKEN
MINTING PLATFORM LAUNCH
Q4 2021
• Metamask Connectivity
• NFT Image Generation
• Integration with OpenSea
and PolygonScan
• Issuer Signup/Profile Page
• Minting
3
INTEGRATION WITH MAJOR GLOBAL LAUNCH,
TRADING PLATFORMS ROYALTY / REWARDS
Q1 2022 Q2 2022
• Carbon credits validation • NFT / Smart Contract
protocol Payment System
• Token Issuer Secured Landing • Holder rewards/yielding
Page
• QR Codes minted onto NFTs
• Custom royalty fees to
issuer
• Extend ERC-1155 protocol to
• Global marketing launch
add immutable, on-chain
carbon specific metadata on-
chain proof of burn/utilization.
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OUR TEAM - leadership

MO YANG - CEO
Mo Yang (CPA CA) is a performance-oriented leader who has deep experience in the areas of currency trading, regulatory reporting,
Blockchain/crypto business accounting, management reporting, technology implementation, capital raising and VC investment. Mo’s
expertise has allowed him to advise companies such as Polymath and related companies in a CFO capacity on tax structuring, financial
reporting and operations management. Mo’s experience includes building and growing tech companies with complex holdings, M&A,
capital raising and complex cryptocurrency accounting and treasury management. Mo is a graduate of the Master program of accounting
at Concordia, speaks fluent English, French and Mandarin and is a Certified Professional Account

DEREK MCKENZIE - BUSINESS DEVELOPMENT

Derek is a creative and forward thinker and problem solver. He enjoys building strong teams and coming up with innovative solutions to
support various ventures. Derek founded Charlotte Street Associates (CSA) in 2016. CSA supports immediately recognizable banks,
insurers, asset managers and start-ups with product innovation. Prior to starting his own business, Derek worked at Sun Life’s
International Investment Centre consulting with global business units on product innovation, asset allocation (CAD$6B) and manager
selection. The team’s global relationships exceeded CAD100B and encompassed more than 100 managers. Derek worked directly with
Institutional Investors researching, analyzing and building a wide range of investment products while taking into account regulations.
Derek is a CFA charterholder. He has a Bachelor of Management and Organizational Studies with a Honors Specialization in Finance and
Administration from the University of Western Ontario where he was on the Dean’s List and the recipient of the CMA Canada Strategic
Management Award.
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OUR TEAM - technical
EDDIE LAW - DEVELOPER
Eddie is a Dev Lead at RBC. He is currently working on the
development of a next-gen business payments platform. Eddie
spends his day coding up event driven microservices, improving
engineering practices + continuous delivery, and being the glue
between tech business and design.
Eddie’s had over 6 years building and shipping scalable
products as a Software Engineer, with a focus on crafting
delightful customer centric experiences. Before RBC, he led the
front-end web development efforts at the social bartering
platform Bunz. On top of revamping the front end React code
base and build pipeline, he played a big role in the creation of
the Bunz cryptocurrency and its integration into the system.
Eddie also led the efforts to improve search and
recommendation capabilities on the backend.
PERRY HALDENBY - BLOCKCHAIN TECH ADVISOR
Perry is the Chief Technology Officer at Blimp Homes. Perry is
responsible for overseeing the development and
dissemination of Blimp’s technology for external customers,
real estate agents, vendors, and other clients to democratize
the home searching process and redistribute value back to
users.
Upholding the agency and autonomy of consumers has been
at the forefront of Perry’s past endeavors. Prior to joining
Blimp, Perry was the CTO of Bunz, a social bartering platform
that launched the #PayPeopleNotPlatforms initiative
dedicated to rewarding users for their participation on the
site. Alongside his CTO experiences, Perry has over a decade
of expertise working in tech with companies like CGI and TD
and even co-founded a Y Combinator backed
hardware+software startup, Amulyte, that focused on
empowering seniors.
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OUR TEAM - technical
adrian haldenby - BLOCKCHAIN DATA ADVISOR
Adrian is the Head of Data Science at Blimphomes where he
leads the creation of novel experiences for consumers and real
estate agents that combine crypto and AI powered models built
using home, listing, geography and usage data.
Before that, Adrian led the Data Science team at GALE Partners,
a creative media consultancy and Adage’s Data Agency of the
Year, where he owned the consumer data product offering for
Alchemy, GALE’s CDP. He worked with clients like BMW,
Chipotle, Pella and NBA to model consumer demand, buying
propensity and sentiment in order to provide precision targeting
for media and CRM, generating millions of incremental leads
and sales. Adrian was recognized for his work by Business
Insider, named a Top 40 Rising Star Revolutionizing Advertising
in 2020.
muriel Schvartzman - DESIGNER
By day, Muriel is currently Director of Product Design at Ampli
powered by RBC Ventures. She helps enable Canadians to
earn cash back on their everyday purchases while building
loyalty and driving acquisition for brands. By night, she is a
consultant helping startups ship digital products with a focus
on human-centered design. She has over 8 years of
experience working with diverse brands such as Borrowell,
Walmart, Zebra Technologies, Allstate, BMO, David's Bridal,
Mackenzie Investments, Hain Celestial, Path Factory, Brizi,
and Halp.
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SECTOR COMPARABLES
Symbol Vertical Market Cap

NETZ
Carbon Streaming Corp. Carbon Streaming $253 M CAD
NEO

AKCCF
Aker Carbon Capture Carbon Capture as a Service $2.18 B USD
OTC

ABXX Technological infrastructure and

Abaxx Technologies $269 M CAD
CSE applications for ESG applications

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Want to connect?
corporate@firstcarboncorp.com
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 APPENDIX
N E K O T G N I D A R T ST I D E R C N O B R A C D E Z I L A R T N E C E D TS R I F S ' D L R O W E H T

CARBON MARKETS 101

• Aims to reduce greenhouse gas emissions by setting limits and
enabling the trading of units that represent emissions reductions.
• A carbon credit, sometimes referred to as a carbon offset, is a
tradeable certificate or permit, allowing the owner to emit a certain
amount of carbon dioxide.
• There are two kinds of credits, compliance credits and voluntary
credits.
• Compliance credits are created and regulated by mandatory
regional, national, and international carbon reduction
requirements.
• Voluntary credits function outside of the compliance credit
markets and enable companies and individuals to purchase
carbon offsets on a voluntary basis. 23