Common use of Invoice and Periodic Payment Clause in Contracts

Invoice and Periodic Payment. We calculate that the gross payment amount for transferred ERs for this Reporting Period, before deducting the Cost Recovery Discount, Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA, is: [US$] [[US$][Unit Price] X [Volume of transferred Contract ERs]] Plus (if any) [US$] [[US$][Exercise Price] X [Volume of transferred Additional Equals [US$] [gross payment amount] Please pay the gross payment amount, less any [Cost Recovery Discount, ]Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA (Periodic Payment) to the following bank account, in accordance with the ERPA: Name of Xxxxx’s Bank: XXX Swift Code: XXX Bank address: XXX Bank Account Number: 123456789 Name of Intermediary Bank: XXX Swift Code: XXX Bank address: XXX Dated: , 20[ ] For and on behalf [Program Entity] by its authorized Representative Signature: Print Name: TO: [Grantor] Exercise Notice for [insert Reporting Period] We refer to the Emission Reductions Payment Agreement dated [INSERT DATE] ("ERPA")between [ ] ("Program Entity") and the International Bank for Reconstruction and Development ("IBRD"), as trustee of Tranche [A][B] of the Carbon Fund of the Forest Carbon Partnership Facility("Trustee"), which includes the ‘International Bank for Reconstruction and Development General Conditions Applicable to Emission Reductions Payment Agreements for Forest Carbon Partnership Facility Emission Reductions Programs’ dated [INSERT DATE] ("General Conditions"). Capitalized terms used and not specifically defined herein shall have the meanings assigned thereto in the ERPA and the General Conditions. For the Reporting Period beginning [XX] and ending [XX], the Grantee hereby exercises its Option from the Grantor on the same terms and conditions as set out in the ERPA and transferred in accordance with the following: Grantor: [Program Entity][Trustee] Grantee: [Program Entity][Trustee] Registry Account: [insert if known] Quantity of Additional ERs: [insert] Exercise Price: [insert price per ER as specified in ERPA] Exercise Completion Date: [Insert date [90] calendar days from the date of this Dated: Authorized Representative Please print name Any Sub-Project Arrangement between the Program Entity and any Sub-Project Entity shall include, but not be limited to, the following principal terms: 1. The Sub-Project Entity shall: (a) Implement all applicable requirements of the ER Monitoring Plan, including those pertaining to environmental and social performance and operational management systems (unless the Program Entity exclusively monitors the data/info required to be included in the ER Monitoring Report in which case this obligation does not need to be included). (b) Installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan, including by establishing and maintaining all related data measurement and collection systems as are necessary (unless the Program Entity exclusively installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan in which case this obligation does not need to be included). (c) Implement its Sub-Project/ER Program Measures (as specified in the ERPD) in accordance with the terms of the ERPD. (d) For the avoidance of doubt, authorize the Program Entity to transfer any ERs generated from such Sub-Project/ER Program Measures to the FCPF Carbon Fund free of any third party interest or encumbrance. (e) Inform the Program Entity immediately after becoming aware of the occurrence of a Reversal Event under a Sub-Project/ER Program Measure. (f) Operate and implement its Sub-Project/ER Program Measures in compliance with the World Bank Operational Policies and any Safeguards Plans provided for under the ERPA. (g) Maintain and prepare its Sub-Project/ER Program Measures to allow for Verification. (h) Satisfy any obligations in respect of applications for all licenses, permits, consents and authorizations required to implement the Sub-Project/ER Program Measures. 2. The Program Entity shall: (a) Provide the Sub-Project Entity with the ERPD, the ER Monitoring Plan (if needed), the Safeguards Plans and any other information relevant to the implementation of the Sub- Project/ER Program Measures (including relevant comunication between the Trustee and the Program Entity in relation to the ERPA). (b) Collect from the Sub-Project Entity, and, if necessary, confirm the accuracy of, all information required to be collected under the Monitoring Plan and the applicable Safeguards Plans. To: [ ] [place, date] Dear [ ], Ref: [Name of ER Program] 1. I wish to refer to the request by the [Program Entity] that the above mentioned [Name of ER Program] (ER Program) be considered for funding by the Carbon Fund (Carbon Fund) of the Forest Carbon Partnership Facility (FCPF), administered as a trust fund by the International Bank for Reconstruction and Development (IBRD). 2. As authorized representative of the designated national authority for REDD+ of [Host Country] I hereby: (a) endorse the further development of the ER Program and approve this ER Program to being implemented in [Host Country]; and (b) approve and authorize the voluntary participation of the [Host Country], the IBRD as trustee of the Carbon Fund, the Carbon Fund participants, and the [Program Entity] in the ER Program.

Invoice and Periodic Payment. We calculate that the gross payment amount for transferred ERs for this Reporting Period, before deducting the Cost Recovery Discount, Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA, is: [US$] [[US$][Unit Price] X [Volume of transferred Contract ERs]] Plus (if any) [US$] [[US$][Exercise Price] X [Volume of transferred Additional Equals [US$] [gross payment amount] Please pay the gross payment amount, less any [Cost Recovery Discount, ]Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA (Periodic Payment) to the following bank account, in accordance with the ERPA: Name of Xxxxx’s Bank: XXX Swift Code: XXX Bank address: XXX Bank Account Number: 123456789 Name of Intermediary Bank: XXX Swift Code: XXX Bank address: XXX Dated: , 20[ ] For and on behalf [Program Entity] by its authorized Representative Signature: Print Name: TO: [Grantor] Exercise Notice for [insert Reporting Period] We refer to the Emission Reductions Payment Agreement dated [INSERT DATE] ("ERPA")between ERPA") between [ ] ("Program Entity") and the International Bank for Reconstruction and Development ("IBRD"), as trustee of Tranche [A][B] A of the Carbon Fund (“Fund”) of the Forest Carbon Partnership Facility("TrusteeFacility ("Trustee"), which includes the ‘International Bank for Reconstruction and Development General Conditions Applicable to Emission Reductions Payment Agreements for Forest Carbon Partnership Facility Emission Reductions Programs’ dated [INSERT DATE] November 1, 2014 ("General Conditions"). Capitalized terms used and not specifically defined herein shall have the meanings assigned thereto in the ERPA and the General Conditions. For the Reporting Period beginning [XX] and ending [XX], the Grantee hereby exercises its Call Option from the Grantor on the same terms and conditions as set out in the ERPA and transferred in accordance with the following: Grantor: [Program Entity][Trustee] Entity Grantee: [Program Entity][Trustee] Trustee of Tranche A of the Fund Registry Account: [insert if known] Quantity of Additional ERs: [insert] Exercise Price: [insert price per ER as specified in ERPA] Exercise Completion Date: [Insert date [90] calendar days from the date of this Dated: Authorized Representative Please print name Any Sub-Project Arrangement between the Program Entity and any Sub-Project Entity shall include, but not be limited to, the following principal terms: 1. The Sub-Project Entity shall: (a) Implement all applicable requirements of the ER Monitoring Plan, including those pertaining to environmental and social performance and operational management systems (unless the Program Entity exclusively monitors the data/info required to be included in the ER Monitoring Report in which case this obligation does not need to be included). (b) Installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan, including by establishing and maintaining all related data measurement and collection systems as are necessary (unless the Program Entity exclusively installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan in which case this obligation does not need to be included). (c) Implement its Sub-Project/ER Program Measures (as specified in the ERPD) in accordance with the terms of the ERPD. (d) For the avoidance of doubt, authorize the Program Entity to transfer any ERs generated from such Sub-Project/ER Program Measures to the FCPF Carbon Fund free of any third party interest or encumbrance. (e) Inform the Program Entity immediately after becoming aware of the occurrence of a Reversal Event under a Sub-Project/ER Program Measure. (f) Operate and implement its Sub-Project/ER Program Measures in compliance with the World Bank Operational Policies and any Safeguards Plans provided for under the ERPA. (g) Maintain and prepare its Sub-Project/ER Program Measures to allow for Verification. (h) Satisfy any obligations in respect of applications for all licenses, permits, consents and authorizations required to implement the Sub-Project/ER Program Measures. 2. The Program Entity shall: (a) Provide the Sub-Project Entity with the ERPD, the ER Monitoring Plan (if needed), the Safeguards Plans and any other information relevant to the implementation of the Sub- Project/ER Program Measures (including relevant comunication between the Trustee and the Program Entity in relation to the ERPA). (b) Collect from the Sub-Project Entity, and, if necessary, confirm the accuracy of, all information required to be collected under the Monitoring Plan and the applicable Safeguards Plans. To: [ ] [place, date] Dear [ ], Ref: [Name of ER Program] 1. I wish to refer to the request by the [Program Entity] that the above mentioned [Name of ER Program] (ER Program) be considered for funding by the Carbon Fund (Carbon Fund) of the Forest Carbon Partnership Facility (FCPF), administered as a trust fund by the International Bank for Reconstruction and Development (IBRD). 2. As authorized representative of the designated national authority for REDD+ of [Host Country] I hereby: (a) endorse the further development of the ER Program and approve this ER Program to being implemented in [Host Country]; and (b) approve and authorize the voluntary participation of the [Host Country], the IBRD as trustee of the Carbon Fund, the Carbon Fund participants, and the [Program Entity] in the ER Program.

Invoice and Periodic Payment. We calculate that the gross payment amount for transferred ERs for this Reporting Period, before deducting the Cost Recovery Discount, Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA, is: [US$] [[US$][Unit Price] X [Volume of transferred Contract ERs]] Plus (if any) [US$] [[US$][Exercise Price] X [Volume of transferred Additional Equals [US$] [gross payment amount] Please pay the gross payment amount, less any [Cost Recovery Discount, ]Advance Payment(s) and Taxes which the Trustee is entitled to deduct under the ERPA (Periodic Payment) to the following bank account, in accordance with the ERPA: Name of Xxxxx’s Bank: XXX Swift Code: XXX Bank address: XXX Bank Account Number: 123456789 Name of Intermediary Bank: XXX Swift Code: XXX Bank address: XXX Dated: , 20[ ] For and on behalf [Program Entity] by its authorized Representative Signature: Print Name: TO: ER Re-transfer Form for the Reporting Period from ……….. [GrantorDate] Exercise Notice for ….…. to .………….. [insert Reporting PeriodDate] ….... We refer to the Forest Carbon Partnership Facility Emission Reductions Payment Agreement dated [INSERT DATE[ ] ("ERPA")between between [ ] ("Program Entity") and the International Bank for Reconstruction and Development ("IBRD")Development, as trustee Trustee of Tranche [A][B] B of the Carbon Fund of the Forest Carbon Partnership Facility("TrusteeFacility ("IBRD" or "Trustee")[, which includes the ‘International Bank for Reconstruction and Development General Conditions Applicable to Emission Reductions Payment Agreements for Forest Carbon Partnership Facility Emission Reductions Programs’ dated [INSERT DATEas amended] ("General ConditionsERPA"). Capitalized terms used and not specifically defined herein shall have the meanings assigned thereto in the ERPA and the General Conditions. For the Reporting Period beginning [XX] and ending [XX], the Grantee hereby exercises its Option from the Grantor on the same terms and conditions as set out in the ERPA and transferred in accordance with the following: Grantor: [Program Entity][Trustee] Grantee: [Program Entity][Trustee] Registry Account: [insert if known] Quantity of Additional ERs: [insert] Exercise Price: [insert price per ER as specified in ERPA] Exercise Completion Date: [Insert date [90] calendar days from the date of this Dated: Authorized Representative Please print name Any Sub-Project Arrangement between the Program Entity and any Sub-Project Entity shall include, but not be limited to, the following principal terms: 1. The Sub-Project Entity shall: (a) Implement all applicable requirements of the ER Monitoring Plan, including those pertaining to environmental and social performance and operational management systems (unless the Program Entity exclusively monitors the data/info required to be included in the ER Monitoring Report in which case this obligation does not need to be included). (b) Installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan, including by establishing and maintaining all related data measurement and collection systems as are necessary (unless the Program Entity exclusively installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan in which case this obligation does not need to be included). (c) Implement its Sub-Project/ER Program Measures (as specified in the ERPD) in accordance with the terms of the ERPD. (d) For the avoidance of doubt, authorize the Program Entity to transfer any ERs generated from such Sub-Project/ER Program Measures to the FCPF Carbon Fund free of any third party interest or encumbrance. (e) Inform the Program Entity immediately after becoming aware of the occurrence of a Reversal Event under a Sub-Project/ER Program Measure. (f) Operate and implement its Sub-Project/ER Program Measures in compliance with the World Bank Operational Policies and any Safeguards Plans provided for under the ERPA. (g) Maintain and prepare its Sub-Project/ER Program Measures to allow for Verification. (h) Satisfy any obligations in respect of applications for all licenses, permits, consents and authorizations required to implement the Sub-Project/ER Program Measures. 2. The Program Entity shall: (a) Provide the Sub-Project Entity with the ERPD, the ER Monitoring Plan (if needed), the Safeguards Plans and any other information relevant to the implementation of the Sub- Project/ER Program Measures (including relevant comunication between the Trustee and the Program Entity in relation to the ERPA). (b) Collect from the Sub-Project Entity, and, if necessary, confirm the accuracy of, all information required to be collected under the Monitoring Plan and the applicable Safeguards Plans. To: [ ] [place, date] Dear [ ], Ref: [Name of ER Program] 1. I wish to refer to the request by the [Program Entity] that the above mentioned [Name of ER Program] (ER Program) be considered for funding by the Carbon Fund (Carbon Fund) of the Forest Carbon Partnership Facility (FCPF), administered as a trust fund by the International Bank for Reconstruction and Development (IBRD). 2. As authorized representative of the designated national authority for REDD+ of [Host Country] I hereby: (a) endorse the further development of the ER Program and approve this ER Program to being implemented in [Host Country]; and (b) approve and authorize the voluntary participation of the [Host Country], the IBRD as trustee of the Carbon Fund, the Carbon Fund participants, and the [Program Entity] in the ER Program.

Invoice and Periodic Payment. We calculate that the gross payment amount for transferred ERs for this Reporting Period, before deducting [the Cost Recovery Discount, Advance Payment(s) and Amount and] Taxes which the Trustee is entitled to deduct under the ERPA, is: [US$] [[US$][Unit PricePrice 1] X [Volume of transferred Contract ERs]] Plus (if any) [US$] [[US$][Unit Price 2] X [Volume of transferred Contract ERs]] Plus (if any) [US$] [[US$][Exercise Price] X [Volume of transferred Additional Equals [US$] [gross payment amount] Please pay the gross payment amount, less any [Cost Recovery Discount, ]Advance Payment(s) and Amount and] Taxes which the Trustee is entitled to deduct under the ERPA (Periodic Payment) to the following bank account, in accordance with the ERPA: Name of Xxxxx’s Bank: XXX Swift Code: XXX Bank address: XXX Bank Account Number: 123456789 Name of Intermediary Bank: XXX Swift Code: XXX Bank address: XXX Dated: , 20[ ] For and on behalf [Program Entity] by its authorized Representative Signature: Print Name: TO: [Grantor] Exercise Notice for [insert Reporting Period] We refer to the BioCarbon Fund Initiative for Sustainable Forest Landscapes Emission Reductions Payment Purchase Agreement dated [INSERT DATE] ("ERPA")between between [ ] ("Program Entity") and the International Bank for Reconstruction and Development Development, as Trustee of Tranche 3 of the BioCarbon Fund ("IBRD" or "Trustee"; together referred to as “Parties”)[, as trustee of Tranche [A][Bamended] of the Carbon Fund of the Forest Carbon Partnership Facility("Trustee("ERPA"), which includes the IBRD’s ‘International Bank for Reconstruction and Development General Conditions Applicable to Emission Reductions Payment ERPA Framework Agreements and ERPA Phase Agreements for BioCarbon Fund Initiative for Sustainable Forest Carbon Partnership Facility Landscapes Emission Reductions Programs’ dated [INSERT DATE] May 31, 2021 including the modifications set forth in the ERPA ("General Conditions"). Capitalized terms used and not specifically defined herein shall have the meanings assigned thereto in the ERPA and the General Conditions. For the Reporting Period beginning [XX] and ending [XX], the Grantee hereby exercises its Option from the Grantor on the same terms and conditions as set out in the ERPA and transferred in accordance with the following: Grantor: [Program Entity][Trustee] Grantee: [Program Entity][Trustee] Registry Account: [insert if known] Quantity of Additional ERs: [insert] Exercise Price: [insert price per ER as specified in ERPA] Exercise Completion Date: [Insert date [90] calendar days from the date of this Dated: Authorized Representative Please print name Any Sub-Project Arrangement between the Program Entity and any Sub-Project Entity shall include, but not be limited to, the following principal terms: 1. The Sub-Project Entity shall: (a) Implement all applicable requirements of the ER Monitoring Plan, including those pertaining to environmental and social performance and operational management systems (unless the Program Entity exclusively monitors the data/info required to be included in the ER Monitoring Report in which case this obligation does not need to be included). (b) Installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan, including by establishing and maintaining all related data measurement and collection systems as are necessary (unless the Program Entity exclusively installs, operates and maintains the facilities and equipment and retains staff necessary for gathering all such data as may be required by the ER Monitoring Plan in which case this obligation does not need to be included). (c) Implement its Sub-Project/ER Program Measures (as specified in the ERPD) in accordance with the terms of the ERPD. (d) For the avoidance of doubt, authorize the Program Entity to transfer any ERs generated from such Sub-Project/ER Program Measures to the FCPF Carbon Fund free of any third party interest or encumbrance. (e) Inform the Program Entity immediately after becoming aware of the occurrence of a Reversal Event under a Sub-Project/ER Program Measure. (f) Operate and implement its Sub-Project/ER Program Measures in compliance with the World Bank Operational Policies and any Safeguards Plans provided for under the ERPA. (g) Maintain and prepare its Sub-Project/ER Program Measures to allow for Verification. (h) Satisfy any obligations in respect of applications for all licenses, permits, consents and authorizations required to implement the Sub-Project/ER Program Measures. 2. The Program Entity shall: (a) Provide the Sub-Project Entity with the ERPD, the ER Monitoring Plan (if needed), the Safeguards Plans and any other information relevant to the implementation of the Sub- Project/ER Program Measures (including relevant comunication between the Trustee and the Program Entity in relation to the ERPA). (b) Collect from the Sub-Project Entity, and, if necessary, confirm the accuracy of, all information required to be collected under the Monitoring Plan and the applicable Safeguards Plans. To: [ ] [place, date] Dear [ ], Ref: [Name of ER Program] 1. I wish to refer to the request by the [Program Entity] that the above mentioned [Name of ER Program] (ER Program) be considered for funding by the Carbon Fund (Carbon Fund) of the Forest Carbon Partnership Facility (FCPF), administered as a trust fund by the International Bank for Reconstruction and Development (IBRD). 2. As authorized representative of the designated national authority for REDD+ of [Host Country] I hereby: (a) endorse the further development of the ER Program and approve this ER Program to being implemented in [Host Country]; and (b) approve and authorize the voluntary participation of the [Host Country], the IBRD as trustee of the Carbon Fund, the Carbon Fund participants, and the [Program Entity] in the ER Program.