Confidential · Indicative proposal
Investor Proposal · 2026
INPAC
Waste EducationWaste Education

INPAC Infrastructure Activation Capital.

A private-capital structure designed to accelerate approved infrastructure projects by providing the temporary activation capital required to release institutional project finance.

10%
Activation capital
70%
Institutional finance
10%
Flat activation return
90 days
Maximum term
Core proposition

Institutional financing is available to fund 70% of qualifying approved project values. A temporary 10% activation investment satisfies the lender's release condition. The investor receives a flat 10% Activation Return, with principal plus return contractually due within 90 days. No separate 20% cash contribution is required.

— § 01 —
§ 01Executive Summary

From Klungkung to a Bali-wide rollout.

INPAC is moving from its completed Klungkung project into broader deployment across Bali. The completed and contracted pipeline covers six government/regency locations, creating a clear pathway for repeatable activation-capital deployment under a simple fixed-return structure.

2,076
MT/day completed + contracted
54.6%
Of Bali waste represented
$778.5M
Indicative project value
Investor safety principle

Activation capital is only called after the relevant 70% institutional facility has been approved and the agreed project conditions have been verified. Each deployment is governed by a project-specific agreement setting out the funding date, 90-day maturity date, flat 10% return, repayment mechanism and capital controls.

Current Bali rollout

  • Completed: Klungkung — 115 MT/day.
  • Contracts pending funding: Buleleng, Bangli, Jembrana, Tabanan and Denpasar.
  • Approximately 54.6% of Bali's reported 3,805 MT/day waste generation.

Why this matters

  • A small activation cheque unlocks a substantially larger institutional facility.
  • Applied project-by-project or through a dedicated pooled capital vehicle.
  • Investor capital is deployed late — after institutional approval.
  • Principal + 10% contractually due within 90 days; then withdraw or redeploy.
— § 02 —
§ 02Bali Rollout Map & Funding Profile

Six regencies. One repeatable model.

Bali rollout · live pipeline
Klungkung115 MT/dBuleleng414 MT/dBangli115 MT/dJembrana165 MT/dTabanan234 MT/dDenpasar1,033 MT/d
CompletedContract pending funding
2,076 MT/d
Completed + contracted
54.6%
Of Bali waste generation
$778.5M
Indicative project value
$77.85M
Activation capital required

Approx. USD 544.95M institutional finance unlocked. Based on Bali waste generation of 3,805 MT/day and an indicative capital cost of USD 3.75M per 10 MT/day.

— § 03 —
§ 03How the Activation Structure Works

10% unlocks 70%.

The institutional lender provides financing equal to 70% of the lender-approved project value. A temporary 10% activation investment satisfies the funding condition and releases that facility. It carries a flat 10% return and a maximum contractual term of 90 calendar days.

INPAC structures delivery economics so the project requirement sits within the institutional facility once drawn. The remaining 20% is not a separate cash contribution. The expected primary repayment source is the approved institutional facility, subject to final documentation.

10%
70% · Institutional facility
20% · No cash
  1. 1Investor provides the agreed 10% into the project/SPV controlled account. The 90-day term starts on cleared funds.
  2. 2The lender releases the approved 70% facility once agreed conditions are satisfied.
  3. 3The project/SPV repays principal plus the flat 10% return by the 90-day maturity date.

Illustrative USD 10 million example

ComponentAmount
Approved project valueUSD 10.0M
70% institutional facilityUSD 7.0M
10% activation capitalUSD 1.0M
Illustrative project delivery costUSD 6.0M
Flat 10% Activation ReturnUSD 0.1M
Total investor repaymentUSD 1.1M
Additional 20% cash equity requiredUSD 0
Maximum contractual term90 calendar days
— § 04 —
§ 04Investor Options

Two ways to participate.

A · Project-by-project

For investors who prefer to review individual opportunities one at a time. Each approved deployment carries a flat 10% return and a maximum term of 90 days from receipt of cleared funds.

10%
Flat activation return
90 days
Maximum term
Per project
Selection basis

Fixed return examples

Investor capitalFlat 10% returnTotal repayment
USD 100,000USD 10,000USD 110,000
USD 500,000USD 50,000USD 550,000
USD 1,000,000USD 100,000USD 1,100,000

If repaid before Day 90, the full 10% remains payable. Day 90 is the contractual long-stop date.

Indicative activation terms

ItemStructure
DeploymentOnly after the 70% facility is approved and conditions verified.
ReturnFlat 10% of deployed capital.
Maximum term90 days from cleared funds.
Early repaymentPermitted; full 10% remains payable.
Repayment sourceApproved institutional facility, subject to documentation.

B · Pooled capital / HoldCo

INPAC may establish a dedicated pooled-capital SPV so committed capital can be held, monitored and deployed rapidly into approved projects. Capital is held separately from INPAC's operating account, and only the amount required for an approved project is deployed.

4–5%
p.a. on undeployed capital
Paid monthly
10%
Flat return when deployed
2-party
Approval to move capital
Capital statusTreatment
UndeployedEarns 4–5% p.a., paid monthly, while held in the approved custody/treasury structure.
DeployedPooled return ceases on that amount; earns the flat 10% for the cycle, due within 90 days.
ReturnedPrincipal + 10% returns to the pool and resumes 4–5% p.a. until withdrawn or redeployed.

Transfers require the agreed two-party approval between the investor and INPAC/project vehicle. Final custody and payment mechanics are documented in the pooled-facility agreement.

— § 05 —
§ 05Capital Control & Release Process

Investor capital is the final step — not the first risk.

1
70% facility approved
2
Activation terms verified
3
10% capital deployed
4
Institutional facility released
5
Principal + 10% repaid

Capital protection framework

  • Written evidence of institutional approval before any capital call.
  • Defined project, use of funds and activation amount before deployment.
  • Capital held through the agreed project/SPV controlled-account structure.
  • Executed agreement specifies funds date, flat 10% return, 90-day maturity and repayment mechanics.
  • Regular reporting on committed, deployed, outstanding and returned capital.
  • Project-specific security, account controls and remedies for non-payment documented where applicable.
No approved 70% funding = no investor capital call.

Capital is called only after the facility is approved and activation conditions are ready. The 90-day period starts on receipt of cleared funds. Early repayment is possible, but the full flat 10% return remains payable.

— § 06 —
§ 06Pipeline & Capital Requirement

Bali project pipeline — USD 77.85M activation.

An indicative project value of USD 3.75M per 10 MT/day applied to the completed and contracted Bali footprint. Each 10% activation amount carries a flat 10% return under 90-day contractual terms.

LocationMT/dayStatusProject value10% activation70% facility
Klungkung115Completed$43.125M$4.313M$30.187M
Buleleng414Pending funding$155.250M$15.525M$108.675M
Bangli115Pending funding$43.125M$4.313M$30.187M
Jembrana165Pending funding$61.875M$6.188M$43.313M
Tabanan234Pending funding$87.750M$8.775M$61.425M
Denpasar1,033Pending funding$387.375M$38.738M$271.162M
TOTAL2,076$778.500M$77.850M$544.950M
Portfolio scale

Approximately USD 77.85M of Activation Capital supports an indicative USD 778.5M portfolio and about USD 544.95M of institutional facilities. Fully deployed, the flat 10% return would be USD 7.785M — total investor repayment of USD 85.635M, subject to each executed agreement.

Assumption: project value modelled at ~USD 3.75M per 10 MT/day, using cited daily waste generation per area as the sizing basis. Final capacity, value and facility amounts to be confirmed project-by-project before deployment.

— § 07 —
§ 07Capital Recycling

Returned capital can work again.

USD 1M
Example activation pool
USD 10M
Approved value supported at 10%
USD 7M
Institutional finance unlocked

A USD 1M activation pool can support ~USD 10M of approved project value and unlock ~USD 7M of institutional facility for one cycle — returning USD 1.1M within a maximum of 90 days. The investor may then withdraw or approve a new deployment.

  • Multiple projects allow sequential deployment, not reliance on one transaction.
  • Project-by-project participation lets investors select opportunities.
  • A pooled structure reduces delays between approved projects.
  • Larger sites absorb larger commitments; smaller sites may cycle faster.
Recycling is optional — not assumed

Repeated use depends on successful repayment of each prior project. Every deployment is separately approved and documented with its own 90-day maturity and flat 10% return. No fixed number of annual cycles is assumed.

LiveAlready producing fuel

The equipment is on site. The modular unit is already producing fuel at Klungkung.

These are not renders. Machines have been delivered, the modular 750 unit has been test-run, an 8 t/hr trommel sorter has been added, and refined fuel oil is flowing today. The remaining work at Klungkung is completion and commissioning — not concept.

§ 08Certified by Indonesian laboratories

Tested, measured, verified.

Stack emissions from the operating Klungkung plant have been tested by a government-accredited Indonesian laboratory. Every headline result meets or beats the applicable national standard.

KAN-accredited lab · LP-2258-IDN

Stack emissions — inside national limits

Tested 31 August 2026 at the TOSS Center, Kusamba, Klungkung by the Bali Province UPTD Hyperkes & KK (KAN-accredited) against Minister of Environment & Forestry Regulation P.70/2016 for thermal waste processing. Four units tested: two F4000 pyrolysis machines, one F750, and the F780 distillation unit.

ParameterMeasured (4 units)National limitResult
NOx198.7–245.3 mg/Nm³470 mg/Nm³Pass — ~50% under limit
SO₂12–85.3 mg/Nm³210 mg/Nm³Pass — up to 94% under
Total particulate5–10 mg/Nm³120 mg/Nm³Pass — >90% under
Opacity< detection limit—Clean stack

Ambient air at the site also tested within Government Regulation PP 22/2021 limits (SO₂, NO₂, CO, O₃, NH₃), and workplace noise measured 69.9–82.4 dBA against the 85 dBA threshold.

— § 08b —
§ 08bLeadership

Why INPAC — the people delivering this.

A multidisciplinary team combining infrastructure delivery, Indonesian operations, legal, commercial and strategic expertise.

Aaron Anderson

CEO & Founder · Global Lead

Aaron Anderson

Leads international project development, strategic partnerships and infrastructure delivery. Second-generation infrastructure leader connected to the Andersons Group, with deep Pacific and Asia-Pacific experience across sustainable infrastructure, renewable energy and logistics.

Strategic developmentInternational partnershipsInfrastructure delivery
Justin Lampert

Co-Founder · Director of Operations

Justin Lampert

Oversees day-to-day operations across INPAC Solutions' project sites, ensuring delivery, safety, and quality standards are met at every stage.

OperationsDeliveryHealth & safety
Anak Agung Pablo Subamia

Director · Co-Founder

Anak Agung Pablo Subamia

Leads INPAC's Indonesian relationships, local development pathway and community engagement. Provides the Indonesian execution layer — government, regulatory, site coordination and community trust.

Local governmentRegulatoryCommunity engagement
Everard Findlay

Director of Strategy

Everard Findlay

Helps shape INPAC's long-term direction, partnerships, and positioning as a model for sustainable infrastructure and resource innovation.

Sovereign strategyStakeholder engagementPartnerships
Lucas Gresham

Director · Business Development & Partnerships

Lucas Gresham

Leads INPAC's commercial pipeline and partnership development across the Asia-Pacific.

Business developmentPartnershipsPipeline
Darren Feltus

Head of Business Development

Darren Feltus

Drives INPAC's commercial growth across the Asia Pacific, building the partnerships and pipelines that bring sustainable infrastructure projects from early conversations to delivery.

OfftakeCommercial structuringCounterparties
Gde Kurniawan

Technical Operations

Gde Kurniawan

Accomplished hospitality executive and project management professional with over 30 years of experience in hotel development, resort operations, and construction across Bali and the wider Asia Pacific.

Project managementTechnical operationsEnvironmental management
I Ketut Budi Hartawan, SH

Legal Officer

I Ketut Budi Hartawan, SH

Experienced lawyer, entrepreneur, and business executive with over 15 years of expertise in legal consulting, hospitality, property management, and corporate leadership.

Corporate lawStrategic planningBusiness development

INPAC is supported by the Andersons Group network for technical knowledge, infrastructure experience and installation. The objective is to train local Indonesian teams so operation, maintenance and future installation capability can be developed locally.

— § 08c —
§ 08cTrack Record

Delivered alongside the institutions that fund this kind of work.

The leadership behind INPAC has prior delivery experience on infrastructure, climate and development programmes funded or supported by the Asian Development Bank, the Green Climate Fund and the New Zealand Aid Programme.

Partner marks shown for reference of prior engagement. No endorsement of this proposal is implied.

Asian Development Bank
Regional infrastructure & climate finance
Green Climate Fund
Climate mitigation & resilience programmes
New Zealand Foreign Affairs & Trade — Aid Programme
Pacific & SE Asia development delivery
— § 09 —
§ 09Investor Protections & Next Steps

Protected, documented, ready to activate.

Indicative protections

  • No approved institutional facility = no activation capital call.
  • Written lender approval and agreed conditions prior to deployment.
  • Defined project, use of funds and activation amount.
  • Controlled project/SPV accounts with agreed approval rights.
  • Executed agreement confirms funding date, flat 10% return and 90-day repayment.
  • Regular reporting on capital committed, deployed, released and available.
  • Final legal, tax, regulatory, KYC/AML and commercial documentation, including remedies.

Why INPAC

  • Klungkung completed — an operating foundation in Bali.
  • Contracts pending funding across Buleleng, Bangli, Jembrana, Tabanan and Denpasar.
  • Footprint represents ~54.6% of Bali's reported daily waste generation.
  • A repeatable activation model designed to operate alongside institutional finance.

Next steps

  • Confirm project-by-project or pooled-capital participation.
  • Review the project, lender approval and sources-and-uses.
  • Agree amount, funds date, maturity, repayment source, security and controls.
  • Finalise project-specific legal and commercial documentation.
  • Deploy only when the approved project reaches the agreed activation stage.
Discuss participation

Important notice. This proposal is confidential and indicative only. It is not a public offer, prospectus or guarantee of return. The proposed terms include a flat 10% Activation Return and repayment contractually due within 90 calendar days of cleared funding, but any investment, SPV or pooled-capital arrangement remains subject to due diligence, project-specific approvals, executed documentation, legal and regulatory review, KYC/AML requirements and agreement between the relevant parties.