THIS TERM SHEET FOR ENERGY STORAGE SERVICES AGREEMENT (“Term Sheet”) isStorage Services Agreement • June 3rd, 2021 • California
Contract Type FiledJune 3rd, 2021 Jurisdictionentered into as of [ ], 2020 (the “Effective Date”), between Central Coast Community Energy, CleanPowerSF, Marin Clean Energy, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy and Sonoma Clean Power, (collectively, the “Joint CCAs”) and [Respondent] (“Respondent”). This Term Sheet includes the key commercial terms and conditions to be included in a proposed energy storage service agreement (“ESSA”) to be negotiated between the Joint CCAs (“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 Buyer’s Joint Procurement Authority and signed and delivered by each 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 en