Carbon Streaming Corp

Welcome to Carbon Streaming Corporation's Annual General Meeting of Shareholders. All lines are in a listen-only mode. If at any time during this call you require immediate assistance, please press star zero for the operator. Please note that this call is being recorded today, June 6, 2023, at 10 a.m. I will now turn the call over to Justin Cochran, Executive Chairman and Founder of Carbon Streaming. Please go ahead.

Thank you, Michelle, and good morning, everyone. I'd like to welcome you and thank you for attending the Annual General Meeting of Shareholders of Carbon Streaming Corporation. My name is Justin Cochrane. I'm the Executive Chair of the company. As provided in our articles, I will chair today's meeting. I now call the meeting to order. I'd first like to introduce the individuals participating in the meeting today, including Morris Swan, our Lead Independent Director, who's here with me at the meeting, Michael Sahoyas, our president and CEO, Connor Kearns, our CFO, Anne Walters, our general counsel and corporate secretary, and each of the other members of our board and senior management team. Thank you for being here. With the consent of the meeting, Anne Walters will act as secretary of today's meeting. With the consent of the meeting, I also appoint Arlene Agnew from Odyssey Trust Company, the company's transfer agent, to act as scrutineer for the meeting. The business of today's meeting has been fully described in the management information circular dated April 21st, 2023. The notice calling this meeting of shareholders, the accompanying circular and the form of proxy were mailed on or prior to March 27th, 2023 to all shareholders entitled to receive notice. We've received from Odyssey Trust Company an affidavit indicating that these documents were properly mailed and such affidavit is available for inspection by any shareholder. It will be retained with the records of the meeting. Only shareholders of records as at April 21st, 2023, which was the record date for the meeting, or their properly appointed proxy holders are entitled to speak and vote upon matters presented during the meeting. Unless there are any objections, I propose that we dispense with the reading of the notice of the meeting. In accordance with the articles of the company, the quorum for this meeting of shareholders is any two shareholders who, in the aggregate, hold at least 10% of the voting rights, attached to issued shares entitled to be voted at the meeting are present in person or represented by proxy. Will the secretary please read the report on attendance?

Mr. Chairman, the scrutineer's report shows that there are two shareholders represented in person or by proxy holding a number of shares in excess of quorum representing the requisite number of the issued outstanding shares.

Thank you. Accordingly, I declare that the requisite quorum is present. I direct the scrutineer's report on attendance be annexed to the minutes of the meeting. Notice having been served and a quorum of shareholders present in person or by proxy, I hereby declare that the meeting is duly constituted for the transaction of business. Before commencing the business of the meeting today, I would like to comment on the voting procedure. Each registered holder of common shares and each duly appointed proxy holder present will be entitled to vote the number of common shares held by it or its appointing shareholder on the record date. As chairman, I will propose motions and, in accordance with the company's articles, no motion need to be seconded. Based on the scrutineer's report, in accordance with our articles in the Business Corporations Act of British Columbia, voting today on all matters will be conducted by way of a ballot. The first item of business is the presentation of the consolidated financial statements for the period ended December 31st, 2022, and the auditor's report thereon. These financial statements in the auditor's report were mailed to those shareholders who requested to receive them. They've been made publicly available on CDAR. Unless there is any objection, I will dispense with the reading of the auditor's report. I now table the consolidated financial statements for the period ended December 31st, 2022, and the auditor's report thereon. I would ask the secretary to file them with the records of the meeting. The next item of business is to vote to fix the number of directors at eight. I move that the company fix the number of directors at eight for the ensuing year. In order for this resolution, this ordinary resolution to be passed, it must be approved by a simple majority of the votes cast by the company shareholders present in person or represented by proxy at this meeting. We'll now put the motion to the meeting and call for a vote by ballot. I would ask that the scrutineer now pass out any ballots required to be completed and then compile and provide me with the report regarding the results of the resolution. Fantastic. Thank you. The scrutineer reports that the motion is duly carried by the requisite majority of votes cast by shareholders. Accordingly, I adopt the report on the ballot and declare that the motion carried and the number of directors of the company is fixed at eight for the ensuing year. I direct that the report on ballot be annexed to the minutes of the meeting. The next item of business is the election of directors. Management nominees were identified in the meeting materials mailed to shareholders. I hereby nominate for election as directors of the company the following persons. Are there any other nominations? Since no other nominations have been made, I declare that the nominations are closed. In order for this ordinary resolution to be passed, it must be approved by a simple majority of the votes cast by the company shareholders present in person or represented by proxy at this meeting. I now put the motion to the meeting and call for a vote by ballot. I would ask that the scrutineer now pass out any ballots required to be completed and then compile and provide me with the report regarding the results of the resolution. Fantastic. Thank you. The scrutiny reports that the motion is duly carried by the requisite majority of votes cast by shareholders. Accordingly, I adopt the report on the ballot and declare the aforementioned individuals are elected directors of the company to serve until the next annual meeting of shareholders or until their successors have been duly elected or appointed. I direct that the report on ballot be annexed to the minutes of the meeting. The next item of business is the reappointment of the auditor of the company for the forthcoming year and authorizing the directors of the company to fix the remuneration to be paid to the auditors. I move that Deloitte LLP, Chartered Professional Accountants, be reappointed auditor of the company until the next annual meeting and that the directors of the company be authorized to fix the remuneration to be paid to the auditor. In order for this ordinary resolution to be passed, it must be approved by a simple majority of the votes cast by the company shareholders present in person or represented by proxy at this meeting. I now put the motion to the meeting and call for a vote by ballot. I would ask that the scrutineer now pass out any ballots required to be completed and then compile and provide me with a report regarding the results of the resolution. Fantastic. Thank you. The scrutineer reports that the motion is duly carried by the requisite majority of votes cast by shareholders. accordingly adopt the report on ballot and I declare the motion carried and that Deloitte LLP, Chartered Professional Accountants, is appointed as auditor of the company and that the directors of the company are authorized to fix the remuneration. I direct the report on ballot be annexed to the minutes of the meeting. This concludes the formal business to be conducted at this meeting as set out in the notice of meeting. Is there any further business that should properly come before the meeting? That concludes the business of the meeting. As there are no further business that may be brought before the meeting, I officially declare the formal business part of this meeting to be closed. Thank you for joining. And Michelle, that is it. Thank you very much.

Thank you. Ladies and gentlemen, this does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your lines.