1. DEFINITIONS; INTERPRETATION; HEADINGS; SCHEDULES

Clause 1.01 Definitions
Clause 1.02   Interpretation; Headings; Schedules

2. SALE AND PURCHASE OF CERTIFIED EMISSION REDUCTIONS

Clause 2.01 Sale and Purchase
Clause 2.02 Minimum Amount
Clause 2.03 Transfer and Title
Clause 2.04 Exclusivity and Negative Pledge

3. DELIVERY GUARANTEE

Clause 3.01 Delivery Guarantee

4. PRICE AND PAYMENT

Clause 4.01 Contract Price
Clause 4.02 Purchase Payment and Letter of Credit
Clause 4.03 Payment and the Buyer’s Account
Clause 4.04     Form of Payment
Clause 4.05 Costs
Clause 4.06 Taxes

5. LETTER OF APPROVAL; VALIDATION AND REGISTRATION; BASELINE

Clause 5.01 Letter of Approval
Clause 5.02 Designated Operational Entity
Clause 5.03 Validation and Registration
Clause 5.04 Baseline

6. MONITORING

Clause 6.01 Monitoring

7 VERIFICATION AND CERTIFICATION

Clause 7.01 General Requirements
Clause 7.02 Designated Operational Entity
Clause 7.03 Verification and Certification

8. UNDERTAKINGS

Clause 8.01 Project Entity Undertakings
Clause 8.02 Buyer Undertakings
Clause 8.03 Reporting
Clause 8.04 Inspection by the Buyer

9. CERTIFIED EMISSION REDUCTIONS

Clause 9.01 Establishment of Accounts
Clause 9.02 Buyer's Failure to Establish Buyer's Account
Clause 9.03 Authorisation
Clause 9.04 Communication with the Executive Board
Clause 9.05 Project Participants

10. REPRESENTATIONS AND WARRANTIES

Clause 10.01 Project Entity Representations
Clause 10.02 Buyer Representations
Clause 10.03 Indemnities

11. FAILURE TO GENERATE GUARANTEED VOLUME

Clause 11.01 Transfer Failure
Clause 11.02 Rights in the Event of Negligence, Fraud or Wilful Misconduct
Clause 11.03 Project Entity's Indemnity

12. EVENTS OF DEFAULT

Clause 12.01 Events of Default

13. TERM AND TERMINATION

Clause 13.01 Term
Clause 13.02 Suspension on Default
Clause 13.03 Termination on Default
Clause 13.04 Non-Default Termination
Clause 13.05 Buyer's Right to Terminate
Clause 13.06 Right of Set-off on Termination

14. CHANGE IN LAW

Clause 14.01 Change in International Rules
Clause 14.02 Agreement to Continue

15. MISCELLANEOUS PROVISIONS

Clause 15.01 Amendments to the Agreement
Clause 15.02 Confidentiality
Clause 15.03 Notices
Clause 15.04 Force Majeure
Clause 15.05 Assignment and Novation
Clause 15.06 Survival of Provisions
Clause 15.07 Execution in counterparts; Language
Clause 15.08 Entire Agreement
Clause 15.09 Severability
Clause 15.10 Applicable Law
Clause 15.11 Resolution of Disputes
Clause 15.12 Waiver of Sovereign Immunity

SCHEDULES

Schedule 1 Description of the Project