Plainly stated.

Verification is performed by an independent third-party verification body operating under ISO 14064 and ISO 14065 — The Kent Group Associates (registration KG/GHG0083125). Methane avoidance is measured under OGMP 2.0 Level 5 and EPA Subpart W reporting rules at wellbores operated by Last Mile Production LLC under TRRC P-5 No. 102051. The Loving County Block 53 program comprises two projects: Christopher Unit #1 (verified August 2025) and Abernathy Unit #1 (ISO 14064-2/-3 quantification complete; ISO 14065 verification statement pending Kent Group site inspection and desk review).

The CCCi Lloyd’s of London policy CCCi-0120125 is issued at the issuer entity for a $100M policy limit. Specific rider terms are confirmable to qualified counterparties under confidentiality. Two additional issuer-level integrity instruments are administered by an independent Collateral Agent for the purpose of supporting protocol environmental integrity (per White Paper §03.3 and §10.1). CAT holders do not hold direct claims on insurance proceeds, foreclosure recoveries, or covenant remedies.

The CAT is positioned as a digital environmental commodity unit and is classified across the U.S., EU MiCA, and UAE (VARA / ADGM FSRA) frameworks (see “Multi-jurisdictional regulatory classification” below and White Paper §07.4). References to specific external compliance-eligibility schemes (CORSIA, Paris Article 6, CBAM, SBTi, ICVCM) are not made on this site absent counsel-confirmed pathway. The issuer makes no representation regarding eligibility under any specific external regulatory or voluntary scheme.

This site does not publish a price for the LMCX Carbon Avoidance Token. Any dollar figure appearing in private contractual documents is a contractual construct, not a marketed price, target, or offering. Pricing displayed anywhere on this site is indicative only and does not constitute a commitment, guarantee, or solicitation. References on this site to LMCX MT trading on external venues do not constitute representations about the CAT.

CAT holders, purchasers, acquirers, or owners of record do not hold equity, debt, partnership interests, or beneficial interests in the issuer (Christopher Unit 1 IMCSS, LLC), Last Mile Production LLC, Last Mile Capital Partners LLC, the Collateral Agent, or any affiliate. CAT holders do not hold direct claims on insurance proceeds, foreclosure recoveries, covenant remedies, or any issuer-level integrity instrument.

The CAT is issued by Christopher Unit 1 IMCSS, LLC, a Wyoming limited liability company (Wyoming SOS No. 2026-001934109, EIN 41-5187846). Methane avoidance is measured at wellbores operated by Last Mile Production LLC (TRRC P-5 No. 102051), the operator of record. Working interests are held by Last Mile Capital Partners LLC. These are distinct legal entities.

The LMCX Carbon Avoidance Token (M-CAT) is classified as a digital environmental commodity unit. United States. Not a security under Howey (no common enterprise, no expectation of profit from issuer efforts, no reliance on issuer effort) or Reves; consistent with SEC/CFTC Joint Release No. 2026-30 (March 17, 2026). European Union — MiCA.An “other crypto-asset” under Title II of Regulation (EU) 2023/1114; not an asset-referenced token (Article 3(1)(6)) — no stabilization mechanism, no peg, no basket reference, no redemption-at-par mechanic; not an e-money token (Article 3(1)(7)) — no fiat reference, not redeemable at par, not a means of payment; not a financial instrument under MiFID II Annex I Section C. UAE — VARA and ADGM FSRA. A non-financial Virtual Asset under both frameworks; not a Security Token, Fiat-Referenced Virtual Asset, Fiat Token, Derivative, or Specified Investment. The M-CAT bears no yield, dividend, rebase, or other passive economic accrual, and the issuer does not undertake to maintain the market value, liquidity, or any secondary market. The CAT-Forward Vintage (CAT-FV) is a bilateral, non-standardized, non-exchange-traded contractual conversion-right entitlement governed by a streaming/prepay agreement and is not a derivative; distinct outside-counsel opinions under each framework above are conditions precedent to issuance. No regulator, court, or other authority has ruled. See White Paper §07.4.

Methane has a significantly higher near-term warming impact than CO₂. Estimates range from approximately 28× over a 100-year horizon to approximately 80–82.5× over a 20-year horizon, depending on methodology and IPCC version. References to methane warming potential are scientific context, not a precise characterization of any specific methodology or timeframe. All quantities on this site are stated on a GWP28 basis unless explicitly stated otherwise.

This site is informational. It is not an offer to sell or a solicitation to buy any security or commodity interest, and is not intended for persons in any jurisdiction where such offer or solicitation would be unlawful. Acquisition is bilateral OTC primary issuance to qualified institutional counterparties.