Article III. Sale and Purchase of Contract Credits

Section 3.01 Transfer; Retirement. Supplier agrees to sell and (a) Transfer to Buyer, or (b) Retire on behalf of Buyer or Buyer's designee, as the context requires, the Contract Credits, as set out in the Delivery Schedule, and Buyer agrees to purchase the Contract Credits from Supplier, subject the terms and conditions of this Agreement.

Section 3.02 Covenants. Supplier shall not agree to, and shall not: (a) sell, deliver, Transfer, Retire or otherwise Encumber or dispose of any of the Contract Credits to or in favor of any third party, other than in accordance with this Agreement; or (b) enter into any arrangement or agreement that prevents Buyer from exercising any of its rights pursuant to this Agreement in connection with any Contract Credits. Supplier shall not sell or attempt to sell any Credit or related Environmental Attribute in any manner that would result in double counting of (x) the Contract Credits; (y) other Environmental Attributes associated with removal or storage of greenhouse gasses, expressed (or that could be expressed) in metric tons of CO2e; or (z) if applicable pursuant to the Carbon Standard Rules, biodiversity or ecosystem service benefits, community benefits, sustainable development outcomes, and/or protection or enhancement of the environment, in each case, attributable to the Project.

Section 3.03 Transfer of Mitigation Outcomes. The Contract Credits are intended for use by Buyer for voluntary purposes. Buyer agrees not to use or report the Contract Credits acquired from Supplier under this Agreement in a way that results in any signatory to the Paris Agreement or any other nation or other intergovernmental organization (e.g., CORSIA), excluding the Host Country, to report or otherwise claim the right to such Contract Credits or the underlying removal for purposes of its Nationally Determined Contributions (as defined in the Paris Agreement) or comparable national or international climate targets.