in the PPA, such provision will Comments: be negotiated in the PPA. _____________________ Annual Contract Quantities must Check appropriate box be listed by year in Appendix 1 Agreed of this Term Sheet. Not Agreed Appendices Milestone Schedule must be completed in Appendix 2 of this Term Sheet. Comments: ___________ Check appropriate box Agreed Seller and fully understand and agree that this Term Sheet does not contain all of the Not Agreed requisite terms and conditions of a definitive agreement and is not intended to create, nor does it create, a binding and Comments: enforceable commitment ___________ between the Parties. Seller and Buyer fully understand and agree that no binding contract will exist Non-Binding Term between the Parties until the Sheet Parties execute a definitive PPA, all required approvals are obtained and all conditions precedent to the effectiveness of that PPA have been satisfied. Seller and Buyer fully understand and agree that any costs or obligations incurred as a result of or during the course of negotiation or other associated work on this term sheet shall be the sole responsibility of each individual
in the PPA, such provision will be negotiated in the PPA. Comments: _____________________ Appendices Annual Contract Quantities must be listed by year in Appendix 1 of this Term Sheet. Milestone Schedule must be completed in Appendix 2 of this Term Sheet. Check appropriate box Agreed Not Agreed Comments: ___________ Non-Binding Term Sheet Seller and fully understand and agree that this Term Sheet does not contain all of the requisite terms and conditions of a definitive agreement and is not intended to create, nor does it create, a binding and enforceable commitment between the Parties. Seller and Buyer fully understand and agree that no binding contract will exist between the Parties until the Parties execute a definitive PPA, all required approvals are obtained and all conditions precedent to the effectiveness of that PPA have been satisfied. Seller and Buyer fully understand and agree that any costs or obligations incurred as a result of or during the course of negotiation or other associated work on this term sheet shall be the sole responsibility of each individual Check appropriate box Agreed Not Agreed Comments: ___________
Appendix_B_Term_Sheet_final.docx