INVESTOR DILIGENCE · MODULAR FACTORY #1

Released — Public

Six things an investor needs satisfied

Every institution asks the same six questions, and says no at the first one that fails. Answered here against one real deployment: Modular Factory #1, on a 19-acre parcel leased from the York County Solid Waste and Refuse Authority, under an executed 30-year Circular Supply Agreement (CSA).

↓ CHOOSE AN AREA, OR PAGE THROUGH WITH THE ARROWS BELOW

CONTRACTED AT 400 TPD OVER 30 YEARS · DEPLOYED AS FOUR 100 TPD MODULES

YORK COUNTY, PENNSYLVANIA RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

01 · PERFORMANCE

Technology risk resolves into four covered pieces

Modular Factory #1 is contracted at 100 TPD across four units, roughly 25 TPD each. Nobody is asked to take an undifferentiated bet on it. The risk is broken apart, and each piece has an owner who is paid to carry it.

01

Proven equipment under vendor warranty. Almost everything in the module is established commercially available equipment with reference installations.

02

Integration wrapped by an Authorized Systems Integrator (ASI), with liquidated damages. One ASI is accountable for making the pieces work together at York, and pays if they do not.

03

Equipment shortfall transferred to a rated carrier. The equipment is recipe controlled, so its operating envelope is definable and therefore insurable under a performance policy.

04

Receivables insured against non-payment. Placed through Aon plc, so a Feedstock Provider failure does not become our loss.

FOUR NOMINALLY IDENTICAL UNITS AT ONE RECIPE SETTING · THE FIRST DIRECT TEST OF CAPACITY REPLICATION

PERFORMANCE · RISK TRANSFER RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

02 · REVENUE

Three streams, three separate counterparties

Module 1 carries 100 TPD, roughly 36,500 tons of Gross Input Tonnage a year at 365 operating days. That tonnage earns in three independent ways, each under its own agreement.

ONE · CSA

Beneficiation Fee (TMC Fee)

$75 per ton at York, paid by the Feedstock Provider, escalating 2.5% a year.

TWO · CMOA

Circular Materials sales

Paid by industrial offtakers, across 116 materials in six families.

THREE · CEAA

Environmental attributes

Paid by attribute and registry buyers, on the same tonnage.

The cost side is one line.

Carbotura pays the Circular Royalty™ back to the Feedstock Provider at $90 per ton, beginning 13 months after the first Beneficiation Fee payment. That royalty is the raw-material cost of the business and the only feedstock cost there is.

Roughly 100% converted.

About 90% of output is sold; the remaining 10% is used internally to self-power the plant.

SINGLE MASS-BASIS RULE · THE SAME TONS COUNTED ONCE IN EACH DIMENSION. THE THREE STREAMS ARE NEVER SUMMED, AND THE FEE AND THE ROYALTY ARE NEVER NETTED.

REVENUE · THREE AGREEMENTS RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

03 · CAPITAL

$75M builds York module 1

Capacity at York is reached by replicating one manufactured module, not by designing a larger facility each time. That is what makes the cost knowable in advance.

$75M

Module 1, including the shared infrastructure and building the rest of the site inherits

$55M

Each additional module, against the same production specification

$240M

York's contracted 400 TPD in total, as four identical 100 TPD modules

12–24 mo

Permit issuance to commercial operation

01

$75M of the $100M Cornerstone Round goes in as hard equity. Into Carbotura York, LLC, and it builds module 1 at 100 TPD.

02

Modules 2 through 4 are intended to carry debt. Lenders advance against a qualified and insured production specification, and against measured performance from module 1, rather than against a promise.

MANUFACTURED, DEPLOYED AND INTEGRATED · NOT CONSTRUCTED ON SITE. THE LEASED PARCEL IS 19 ACRES, WITH HEADROOM WELL BEYOND 400 TPD.

CAPITAL · COST KNOWN IN ADVANCE RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

04 · TEAM

Carbotura is the OEM. Integrators deploy.

The company that authors a specification and the companies that install it are deliberately different parties, each accountable for what it is good at.

01

Carbotura owns the specification. As OEM, Carbotura authors the ACM module production specification and governs how modules are manufactured.

02

Authorized Systems Integrators deploy. The ASI is the single accountable party for factory acceptance, site acceptance, integration testing and warranty.

03

Multiple ASIs, not one contractor. No single integrator is a chokepoint across York or the build programme behind it.

04

Nothing is licensed in. Carbotura owns the process architecture and the marks. Equipment components are bought from established vendors, as any manufacturer buys parts.

SAME SPECIFICATION, SAME TOLERANCE, EVERY MODULE · EXECUTION RISK IS A MANUFACTURING QUESTION, NOT A CONSTRUCTION ONE

TEAM · OEM AND INTEGRATORS RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

05 · VALUE

$3.6B GRV, certified conservatively

York's contracted 400 TPD is booked under the Urban Reserve Valuation Standard (URV-S) as a reserve asset. Environmental and tax credits are held outside every figure below, on purpose.

$3.6B

Gross Reserve Value under URV-S, struck at a 50% discount to forward market value

~$900M

Reserve NPV, plus a further $250M–$350M of CSA and other cash flows outside the reserve

$481M

Contracted Beneficiation Fee across the 30-year term at the full 400 TPD

~5×

Reserve increase on the 2,000 TPD expansion the counterparty has expressed interest in

Credits are excluded from all of the above.

Three components over 30 years, contracted separately under the CEAA: §45X production credits on synthetic graphite, monetized through §6418 transfers; durable sequestration attributes at $30 to $50 per tonne CO₂e; and methane avoidance of roughly 36,300 tonnes CO₂e a year at 400 TPD.

No prior round to reprice against.

The company originated through a Section 351 transfer into a Delaware corporation and has been founder funded since.

MANAGEMENT EXPECTS A THIRD-PARTY VALUATION OF $900M TO $1.3B. NO FORMAL APPRAISAL HAS BEEN PERFORMED. NOTHING IN THE NUMBER DEPENDS ON POLICY SURVIVING.

VALUE · URV-S RESERVE RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

06 · EXIT

Same terms for everyone, on a clean cap table

Terms are set by the company and offered on the same basis to every participant. There is no lead investor pricing the round for everyone else.

01

$100M of Cornerstone Preferred Stock, Rule 506(c). Not a venture round, and not structured like one.

02

No lead investor, by design. A lead position concentrates term-setting power in one holder. We do not offer it.

03

A clean cap table. No venture money and no prior institutional round sits ahead of this one.

04

Liquidity route decided after close. Whether to enable a secondary market is a decision the company takes once the round is closed, not a promise made to sell it.

COMPANY-FIRST IS THE GOVERNING PRINCIPLE · PROTECTING THE COMPANY IS HOW EXISTING SHAREHOLDERS AND NEW INVESTORS ARE BOTH PROTECTED

EXIT · ONE SET OF TERMS RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09

CONTINUE

The detail sits behind the wall

This deck answers the six questions at the level a first conversation needs. The underlying material — the offering documents, the reserve valuation, the data room — is available to verified accredited investors.

CORNERSTONE ROUND

$100M Preferred Stock

Rule 506(c). Builds Modular Factory #1 at York.

DILIGENCE

Data room access

Opens on accreditation verification.

CONVERSATION

Book a briefing

Direct with the company, no intermediary.

BOOK A BRIEFING → APPLY FOR INVESTOR ACCESS →

CARBOTURA, INC. · DELAWARE C-CORP · CARBOTURA.COM

NEXT STEP RELEASED — PUBLIC · NOT AN OFFER TO SELL SECURITIES · RULE 506(c) · REV 2026.09