Asili DR Congo — Carbon Credit Purchase Structures

What Asili receives under each proposed structure, and how the choices change it.

Prepared by Virridy Carbon LLC for discussion with Asili, 11 September 2026. This is a working model to support the conversation, not an offer and not a contract. Where it differs from the Carbon Credits Management Contract dated 11 March 2024 or from any executed amendment, the contract governs.

How payment works

Under the proposed Amendment No. 1, Asili is paid twice for every credit. First a Purchase Price, a fixed amount per credit that does not depend on what the credit later sells for. Second a Revenue Share, a percentage of the sale proceeds once the credit is sold. The two together are what Asili receives.

The proposed amendment replaces the existing pricing structure entirely. The distinction between the first 7,000 credits and the rest disappears, and one Purchase Price applies to every credit the project generates. The amendment also offers an advance: Virridy pays the Purchase Price on a block of credits up front, before they are produced, and those credits are then delivered against that balance over time. The advance does not change the amount per credit. It moves the cash earlier.

Because the Revenue Share depends on the eventual sale price, and that price is not known today, every figure on this page moves with the sale-price assumption you set below. The sensitivity table shows the range.

Structure

What Asili receives across a range of sale prices

Total paid to Asili across the 2026–2033 production shown below, if every credit realized the price in the column. Highest figure in each column is marked.

The Purchase Price is fixed and paid regardless of sale price, so it sets the floor in the left-hand columns. The Revenue Share is what makes the right-hand columns rise.

Timing of cash to Asili

Cumulative cash received by Asili. The advance is shown in the year it is wired, which is what separates the structures in the early years even where the totals converge later.

Year by year

Assumptions you can change

Purchase Price $/credit paid on every credit

Advance volume credits paid for up front; 0 for none

Advance payment year

Legacy tranche volume credits at the pre-amendment price; 0 disables

Legacy tranche price $/credit

Revenue Share basis

Threshold $ threshold basis only

Revenue Share on compliance sales %

Revenue Share on voluntary sales %

Longstop year if the advance balance is not yet delivered

Revenue Share after longstop %

Production and sales channel

These volumes are indicative. They are Virridy's current internal projection for the project on the Gold Standard SDWS V2.0 basis adopted in August 2026, and the 2028 step reflects the planned expansion. The project's first monitoring period has not yet been verified, so no volume here is a forecast either party should rely on, and nothing on this page commits either party to a delivery quantity. Change any figure to see what a different production path does.

Sale prices are assumptions for comparison, not a price list and not a forecast. Compliance covers Article 6 and CORSIA-eligible sales; voluntary covers the rest. The $15 on voluntary is the mandatory sale threshold preserved by Section 1.4 of the draft amendment, below which Virridy may not sell without Asili's agreement.

Terms that sit alongside the pricing

Condition precedent: The advance is conditional on Virridy executing its debt finance agreement with Bridges Outcome Partnership. If that is not signed by 31 March 2027, either party may terminate the amendment and the existing contract continues unchanged.
Advance balance and delivery: Delivered credits are applied first against the advance balance until it is extinguished. Those credits carry no further Purchase Price on delivery, because it was already paid, and they still earn the Revenue Share when they sell.
Longstop: If the advance balance is not extinguished by the longstop date, Virridy may elect either a refund of the Purchase Price on the outstanding balance or a continuation with the Revenue Share reduced until the balance clears. On the production shown here the balance clears well before the longstop.
Exclusivity: While an advance balance is outstanding, credits from the project are not sold or pledged to a third party.
Mandatory sale threshold: Section 5.6 of the contract survives at $15.00 per credit.
Termination: The termination payment calculation is unchanged in structure, with the Purchase Price as the deduction.