Description

OFFTAKE OF FORESTRY CARBON CREDITS AVAILABLE

Date:
From: [Seller/Project Developer Name Not Disclosed]
To: [Buyer/Offtaker Name Not Disclosed]
Subject: Letter of Intent for the Purchase of Forestry Carbon Credits

1. Introduction

This Letter of Intent (“LOI”) is made and entered into as of the date above by and between [Seller Name Not Disclosed] (“Seller”), the developer of a verified forestry carbon project, and [Buyer Name] (“Buyer”), with the intent to establish a binding agreement for the purchase of forestry carbon credits agreeing to the NAEOW facilitation fee agreement prior to disclosure and full package/contact release..

2. Scope of the Agreement

The Seller intends to sell, and the Buyer intends to purchase, Verified Emission Reductions (VERs) or Verified Carbon Units (VCUs) generated from the [Project Name], a forestry-based carbon sequestration project located in [Location], verified under [Certification Standard, e.g., Verra, Gold Standard].

3. Key Commercial Terms

• Volume: Buyer agrees to purchase [XX] metric tons of carbon credits per annum, totaling [XXX] metric tons over the contract term.
• Price: The agreed purchase price per credit is $XX per metric ton, subject to market conditions and mutual agreement.
• Delivery & Transfer: Credits will be transferred via the [Registry Name] after verification and certification.
• Contract Term: The intended term is [X] years, with potential renewal options.

4. Due Diligence & Verification

The Buyer shall conduct due diligence on the Seller’s project, including verification of carbon sequestration methodology, certification status, and compliance with [applicable environmental and sustainability frameworks].

5. Intent to Enter a Definitive Agreement

This LOI represents a good faith expression of intent by both parties to negotiate and execute a binding Carbon Credit Offtake Agreement within [X] days from the date of this LOI.

6. Confidentiality & Exclusivity

Both parties agree to maintain the confidentiality of discussions and, if mutually agreed, an exclusivity period of [X] days for finalizing the agreement.

7. Legal Disclaimer

This LOI is non-binding except for confidentiality, exclusivity, and governing law provisions, which shall remain in effect until the execution of a formal agreement.

8. Governing Law

This LOI shall be governed by the laws of [Jurisdiction], with disputes resolved through [arbitration/mediation/courts] as mutually agreed.

Signed & Agreed:

[Seller Name Not Disclosed]
[Company Name]
[Title]
[Contact Information]

[Buyer Name Not Disclosed]
[Company Name]
[Title]
[Contact Information]