ENTITY STRUCTURE & GOVERNANCE

Two Entities, One Mission

A brother-sister dual entity model built for the world's most forested nation: Stichting CaribVista Suriname Land Trust (non-profit Stichting) activates idle coastal grassland with zero-deforestation guarantee. IAGRO SAT Caribbean Suriname N.V. provides satellite monitoring and REDD+ MRV technology. 95% of Suriname's forest stays locked. Forever.

BROTHER-SISTER MODEL // ZERO-DEFORESTATION BY DESIGN // REDD+ MRV REVENUE

01 // ENTITY RELATIONSHIP

FOUNDER / COMMON LEADER

CEO of IAGRO SAT · Board of Stichting CaribVista SR (ex-officio, non-voting on conflicts)

SATIAGRO SAT Caribbean Suriname N.V.

FOR-PROFIT // N.V. = NAAMLOZE VENNOOTSCHAP

Technology Products:

Sentinel-2 satellite monitoring (10m resolution)
REDD+ MRV verification platform (ART TREES)
Zero-deforestation compliance engine
SAR flood and polder water-table monitoring
Carbon stock estimation (tCO2e/ha)
Crop health and yield forecasting
FPIC compliance mapping for indigenous zones

Owns all technology IP. N.V. registered under Wetboek van Koophandel. Can serve any REDD+ client.

CLTStichting CaribVista Suriname Land Trust

PROPOSED STICHTING (FOUNDATION) // NOT YET INCORPORATED

Suriname Mission:

Lease idle coastal grassland via Domeinkantoor
Employ and train Surinamese farmers
Manage crop production (rice diversification)
Sell produce locally & export via CARICOM network
Channel REDD+ revenue to forest communities
Zero deforestation — coastal only, never forest
FPIC compliance for all indigenous-adjacent zones

Independent board. NIMOS-compliant. Only 5% of Suriname activated.

CDB FUNDING

CDB Grant → Stichting CaribVista SR

SERVICE FEE

Stichting → IAGRO SAT (arm's length)

PRODUCE SALES

Revenue → Stichting (reinvested)

REDD+ CREDITS

Forest lock → Carbon markets ($15/tCO2e)

WHY TWO ENTITIES, NOT ONE

CDB grant eligibility

For-profits rarely receive CDB grants. Stichting (foundation) is the grant recipient.

Technology IP protection

IP stays in N.V., licensed to Stichting. REDD+ monitoring contracts can expand to other clients.

REDD+ monetization

N.V. provides the satellite MRV layer. Multiple REDD+ programmes can use the same platform.

Mission alignment

Stichting board protects farmer and forest community interests. N.V. optimizes satellite technology.

Tax efficiency

Stichting exempt from corporate tax for charitable operations. N.V. generates taxable income.

Domeinkantoor access

Charitable Stichting mandate enables preferential land lease terms from state domain authority.

02 // REAL-WORLD PRECEDENTS

This Model is Standard Practice

Norway-Suriname REDD+ Agreement

BILATERAL FOREST PAYMENT + MONITORING

Norway paid Suriname $50M for verified forest conservation (2014-2022) at $5/tCO2e. IAGRO SAT provides the satellite MRV layer that enables next-generation REDD+ at $15/tCO2e via ART TREES standard.

Direct precedent: a Caribbean nation has already been paid $50M for forest conservation. The monitoring infrastructure is the bottleneck — IAGRO SAT solves that.

Norad.no // REDD+ Forest Carbon Partnership Facility

SML Coastal Rice Polders

STATE CORPORATION + PRIVATE OPERATORS

Staatsoliemaatschappij N.V. rice polders (Nickerie/Saramacca) represent existing mechanized rice infrastructure. Government has been seeking private operators to activate underutilised polder land since 2019.

Infrastructure already exists. CaribVista leases through Domeinkantoor and operates on established polders — no irrigation construction required.

LVV Suriname // SML annual reports // Domeinkantoor lease registry

Mozilla Foundation + Corporation

PARENT-SUBSIDIARY

Non-profit foundation created for-profit Corporation (2005) to handle $500M+ in search revenue. Foundation owns 100% of Corporation and channels profits to open-source mission.

Non-profit can legitimately contract with or own a for-profit when it serves the mission.

mozilla.org/foundation/moco/

TechnoServe / Digital Green

NON-PROFIT + TECH PARTNERS

Agricultural non-profits that contract with for-profit technology providers. Funded by Gates Foundation, MacArthur, World Bank, government partners active in small-island contexts.

The non-profit-contracts-for-profit-tech-provider model is standard in agricultural development.

technoserve.org, digitalgreen.org

03 // GOVERNANCE FRAMEWORK

Board Composition & Safeguards

Stichting CaribVista board — 8 seats, 7 independent. Expanded to 8 specifically to include VIDS indigenous territory representation — mandatory given Suriname's maroon and indigenous community land rights. Source: CDB Procurement Procedures 2021 + Stichtingen Wet governance requirements.

SEAT
WHO
INDEPENDENT

Independent Chair

Surinamese agriculture, business, or civil society leader

YES

Coastal Farmer Rep

Farmer cooperative representative — Nickerie or Saramacca district

YES

Legal/Finance Expert

Attorney or CPA with Stichting governance experience (Surinamese law)

YES

Academic/Technical

Anton de Kom University (AdeKUS) or CELOS forestry research liaison

YES

VIDS/Indigenous Rep

Vereniging van Inheemse Dorpshoofden — indigenous territory observer

YES

CDB Observer

CDB-appointed representative (non-voting)

YES

Founder

Ex-officio, non-voting on conflict matters

RECUSED

Staff Representative

Elected by CaribVista Suriname employees after Year 1

YES

8 GOVERNANCE SAFEGUARDS

01Independent Board Majority

At least 6 of 8 board members have NO financial relationship with IAGRO SAT

Source: CDB Procurement Procedures 2021

02Written Conflict of Interest Policy

Adopted at incorporation per Stichtingen Wet, signed annually by all board members

Source: Stichtingen Wet Suriname

03Zero-Deforestation Guarantee

Board may not approve any land activation outside satellite-verified coastal grassland zone

Source: CaribVista Zero-Deforestation Protocol v1.0

04VIDS FPIC Protocol

Free, Prior, and Informed Consent required for any activation within 5km of indigenous territory

Source: VIDS framework / UNDRIP Article 32

05NIMOS Environmental Review

All activation zones reviewed by National Institute for Environment and Development in Suriname

Source: NIMOS environmental impact assessment regulations

06Annual Independent Audit

External firm with no relationship to either entity. Public disclosure required by Stichting rules.

Source: Stichtingen Wet / CDB requirement

07CDB Right of Review

CDB may review and approve service contract terms at any time

Source: CDB funding agreement

08REDD+ Revenue Escrow

All REDD+ carbon credit revenue held in escrow — disbursed to forest communities and Stichting in equal shares

Source: ART TREES standard // Norway-Suriname precedent

04 // ZERO-DEFORESTATION STRUCTURE

95% of Suriname Stays Forest — By Legal Design

The zero-deforestation guarantee is not a voluntary pledge — it is baked into the Stichting's founding documents, the Domeinkantoor lease terms, and the IAGRO SAT monitoring contract. Six independent verification layers make deforestation structurally impossible.

LAYER 1

Dual-Epoch Land Classification

Only pixels classified as grassland in BOTH 2015 AND 2020 ESA WorldCover epochs are eligible for activation. Forest pixels from either epoch are permanently locked.

LAYER 2

Ramsar Wetland Exclusion

Copernicus Water Layers mask all wetland pixels. Coastal mangroves and inland water bodies are excluded at the data layer — no human override possible.

LAYER 3

Mangrove Buffer (2 km)

Two-kilometre buffer zone around all mangrove coastlines. Mangroves store 3-5x more carbon than terrestrial forest. Inviolable exclusion zone.

LAYER 4

FPIC Indigenous Mapping

All activation zones mapped against VIDS indigenous territory boundaries. Free, Prior, and Informed Consent required for any zone within 5 km of indigenous land.

LAYER 5

Water Table Screening

Agricultural suitability conditional on water table depth. Shallow water table zones (<80 cm) excluded — prevents acid sulfate soil exposure that destroys coastal productivity.

LAYER 6

Annual IAGRO SAT Monitoring

Sentinel-2 change detection runs monthly. Any deforestation event triggers automatic alert to NIMOS, CDB, and the board. Lease can be terminated immediately.

95,000 ha

COASTAL GRASSLAND
ELIGIBLE FOR ACTIVATION

14.7M ha

INTACT FOREST
PERMANENTLY LOCKED

0.64%

MAX LAND ACTIVATED
AS % OF TOTAL AREA

05 // DOMEINKANTOOR LAND LEASE PATHWAY

State Domain Land Access — Three Legal Vehicles

In Suriname, approximately 90% of agricultural land is state domain (staatsdomein) managed by the Domeinkantoor (Lands Department). Unlike freehold markets, land is accessed through structured government leases. The Stichting's charitable mandate enables preferential access.

INSTRUMENT

Erfpacht (Hereditary Lease)

DURATION

40 years

AREA LIMIT

Up to 500 ha per title

COST & USE

Nominal — $2-8/ha/yr — Agricultural production, priority coastal polders

INSTRUMENT

Huurovereenkomst (Rental Agreement)

DURATION

15 years, renewable

AREA LIMIT

Up to 200 ha per agreement

COST & USE

$3-10/ha/yr — Pilot phase, smaller blocks, crop rotation

INSTRUMENT

Bijzondere Machtiging

DURATION

5-10 years

AREA LIMIT

No cap — infrastructure projects

COST & USE

Negotiated — SML polder blocks, mechanized rice

SML POLDER INFRASTRUCTURE — BUILT, IDLE, READY

Staatsoliemaatschappij N.V. (SML) rice polders in Nickerie and Saramacca districts represent existing mechanized irrigation infrastructure built with Dutch development funding in the 1960s-1980s. Estimated 15,000–25,000 ha of polder infrastructure is underutilised or idle, awaiting private operators. The Government of Suriname has been actively seeking agricultural concession partners since 2019.

Irrigation Infrastructure

Existing pump stations, canals, and drainage systems. Reduces CapEx by 60-70% vs. greenfield development.

Rice Production Base

Suriname already produces rice commercially. SML polders enable immediate production without soil preparation.

Export Infrastructure

Port of Paramaribo deep-water access. CARICOM rice export market via existing trade routes.

06 // REDD+ CO-REVENUE MODEL

Suriname Gets Paid for What It Already Does

The Norway-Suriname REDD+ agreement established direct precedent: Suriname's intact forest generates carbon credits payable to the government. At $5/tCO2e (Norway price), $50M was disbursed. ART TREES standard enables $15/tCO2e for verified forest protection — 3x improvement. IAGRO SAT provides the satellite MRV layer that makes this possible.

NORWAY-SURINAME PRECEDENT (2014-2022)

Total disbursed$50M USD

Carbon price$5/tCO2e

Forest area protected~14.7M ha

Verification methodNational-level REDD+

BottleneckMonitoring cost + credibility

ART TREES NEXT-GENERATION (PROPOSED)

Carbon price$15/tCO2e (ART TREES standard)

Forest area monitored14.7M ha Suriname intact forest

IAGRO SAT serviceSatellite MRV per 10m Sentinel-2

Potential annual revenue$15-40M (jurisdiction-level)

Revenue share to Stichting30% — forest community fund

UNIQUE MONETIZATION: IAGRO SAT EARNS FROM FOREST MONITORING, NOT JUST FARMING

Unlike all other CaribVista countries, Suriname generates REDD+ MRV service revenue for IAGRO SAT alongside the standard agricultural monitoring fee. Forest carbon buyers (Gold Standard, ART TREES, government bilateral agreements) pay for verified satellite monitoring. This creates a second, independent revenue stream that does not depend on agricultural production.

07 // SERVICE AGREEMENT PRICING

Agricultural Monitoring + REDD+ MRV — Two Contracts

IAGRO SAT Caribbean Suriname N.V. operates two parallel service contracts: (1) standard agricultural monitoring for the Stichting coastal operations, (2) REDD+ MRV monitoring for the Government of Suriname / carbon market. Arm's length pricing for both.

SCALE
BASE FEE
PER HA
HURRICANE
TOTAL
EFFECTIVE

Pilot (10,000 ha coastal)

$18K

$40/ha

$6K

$424K

$42/ha/yr

Phase 2 (40,000 ha)

$18K

$32/ha

$10K

$1.3M

$33/ha/yr

Full (95,000 ha)

$18K

$26/ha

$15K

$2.5M

$26/ha/yr

ARM'S LENGTH VALIDATION

At full scale, the $26/ha/yr rate is at the 20th percentile of comparable full-stack services, reflecting the very large area (95,000 ha) and REDD+ dual-use efficiency. REDD+ MRV contract is priced separately at $2-5/ha/yr of monitored forest, consistent with NICFI Norway carbon market satellite service benchmarks. Both contracts approved by independent Stichting board committee.

Sources: Farmonaut, EOSDA, Cropin, Planet Labs, Norway NICFI satellite programme, ART TREES MRV cost studies

08 // 5-YEAR REVENUE TRAJECTORY

Both Entities Become Self-Sustaining

Suriname's $9,000/ha programme pricing and massive scale (95,000 ha) generates the largest absolute revenue in the CaribVista portfolio. By Year 5, $365M annual surplus funds Caribbean food redistribution and forest community payments.

YEAR
HECTARES
CV REV
CV NET
SAT FEE
SAT TOTAL
SAT NET
FEE % REV

10,000

$90.0M

$30.0M

$424K

$700K

$-80K

0.47%

25,000

$225.0M

$85.0M

$868K

$1.2M

$120K

0.39%

50,000

$450.0M

$180.0M

$1.6M

$2.0M

$260K

0.36%

75,000

$675.0M

$285.0M

$2.0M

$2.6M

$380K

0.29%

95,000

$855.0M

$365.0M

$2.5M

$3.2M

$480K

0.29%

0.29%

IAGRO SAT FEE AS % OF
STICHTING REVENUE (Y5)

$365M

STICHTING NET SURPLUS
YEAR 5 (SURINAME)

$855M

FULL PROGRAMME
ANNUAL REVENUE (Y5)

09 // CDB ENGAGEMENT

Total CDB Ask: $8M

Suriname is a CDB Group A borrowing member (joined 1975, CARICOM member since 1995). The $8M ask reflects the larger scale of the pilot (10,000 ha vs. Barbados 200 ha) and the additional cost of REDD+ MRV system deployment. The IMF EFF program makes GoS actively receptive to agricultural investment proposals that reduce food import dependency.

$5M

TECHNICAL ASSISTANCE GRANT

Stichting formation (Stichtingen Wet), Domeinkantoor lease negotiation, 10,000 ha coastal pilot (Nickerie/Saramacca), farmer training, REDD+ MRV system deployment, NIMOS environmental compliance, VIDS FPIC consultation

$3M

CONCESSIONAL LOAN

SML polder rehabilitation, pump station maintenance, seed inputs, basic processing infrastructure (repaid from rice/crop revenue). Co-financing sought from IDB Suriname portfolio.

WHAT CDB GETS

A forest-positive, food-productive model that could become the global template for REDD+ co-benefit agriculture. Suriname's zero-deforestation guarantee at 95% forest cover + REDD+ MRV + coastal food production is unprecedented. If it works, CDB can cite Suriname as proof that CARICOM countries can protect their forests AND grow food. Aligned with IMF EFF agricultural diversification priorities.

10 // THE VISION

Suriname: Forest Guardian + Caribbean Food Producer

Suriname is uniquely positioned in the Caribbean food network. With the most intact forest of any nation on Earth, it earns REDD+ carbon revenue while activating the coastal grassland plain for food production. Surplus rice, plantains, and root crops enter the Caribbean redistribution network to feed island nations with high import dependency. The forest stays. The food grows. The revenue flows.

BB

Barbados

13,468

IDLE HECTARES

PILOT

JM

Jamaica

85,000

IDLE HECTARES

PHASE 2

TT

Trinidad & Tobago

22,000

IDLE HECTARES

PHASE 2

DO

Dominican Republic

48,000

IDLE HECTARES

PHASE 2

GY

Guyana

180,000

IDLE HECTARES

PHASE 3

SR

Suriname

95,000

IDLE HECTARES

PHASE 3

BZ

Belize

38,000

IDLE HECTARES

PHASE 3

HT

Haiti

34,000

IDLE HECTARES

PHASE 3

CARIBBEAN FOOD & CARBON NETWORK — SURINAME ROLE

Forest Carbon Revenue

14.7M ha of intact forest generates REDD+ credits at $15/tCO2e via ART TREES. IAGRO SAT satellite MRV enables the monitoring. Revenue flows to government and forest communities.

Coastal Food Production

95,000 ha of coastal grassland — verified deforestation-free — produces rice, plantains, and root crops. At $9K/ha, this is the Caribbean's largest food security programme.

Caribbean Surplus Exports

Surplus production enters CARICOM trade network. Island nations with 70-80% food import dependency receive staple crops at below-import price. The land pays for the system.

ALIGNED WITH CARICOM VISION 25 BY 2030 // 25% REDUCTION IN FOOD IMPORT BILL // SURINAME ANCHORS THE MAINLAND

CARIBVISTA SURINAME DOSSIER

Executive Brief

Zero-deforestation overview

Agriculture Feasibility

Rice diversification + REDD+

Proof Annex

Every number sourced

Full Dossier

30 sections, satellite data

CaribVista | IAGRO SAT Caribbean // Entity Structure & Governance // Suriname // 2026-02-24

Stichting CaribVista Suriname Land Trust is a proposed entity, not yet incorporated. IAGRO SAT Caribbean Suriname N.V. is proposed.

Contact: partnerships@iagrosat.com