Common Contracts

Proforma Term Sheet – Front of the Meter Storage

California • January 28th, 2022

• Jurisdiction
  California
• Filed
  January 28th, 2022

THIS TERM SHEET FOR ENERGY STORAGE SERVICES AGREEMENT (“Term Sheet”) is entered into as of [_____], 2021 (the “Effective Date”), between Central Coast Community Energy (“3CE”) and [Respondent] (“Respondent”). This Term Sheet includes the key commercial terms and conditions to be included in a proposed energy storage service agreement (“ESA”) to be negotiated between 3CE (“Buyer”) and [e.g., Project Company LLC] (“Seller”) (the “Proposed Transaction”). As used herein, Buyer and Seller are each a “Party” and collectively the “Parties.” Notwithstanding anything herein to the contrary, that until a definitive agreement is approved by 3CE’s management and Board of Directors, signed and delivered by the Buyer and Seller, no Party shall have any legal obligations, expressed or implied, or arising in any other manner under this Term Sheet to continue negotiations or enter into the Proposed Transaction or the ESA.