Common Contracts

Memorandum of Understanding Between

Memorandum of Understanding • May 8th, 2018 • Vermont

• Contract Type
  Memorandum of Understanding
• Filed
  May 8th, 2018
• Jurisdiction
  Vermont

This Memorandum of Understanding (the “MOU”), dated as of the _ of , 2018, sets forth the terms of an agreement between Global Resource OptionEDF Renewables Distributed Solutions, Inc., a Delaware Corporation. (formerly known as Distributed Solutions, “Distributed Solutions”) with its principal place of business located at 205 Billings Farm Road, Building 4, White River Jct.,67 Merchants Row, Rutland Vermont (dba “groSolar”) and the Town of Middlebury, Vermont (“the Town”), collectively the “Parties,” in connection with groSolar’sDistributed Solutions’ designing, permitting, and constructing a 4.99 megawatt (“MW”) AC solar installation and 2 MW battery storage project in the Town of Middlebury (the “Project”) on property owned by the Estate of Ruth F. Quesnel with a street address of 81 Middle Road South, Middlebury, Vermont and comprised of 111.3± acres of bare land (the “Property”). The Property has been assigned SPAN#387-120-12485. The solar installation and battery projectThe Proje