Article VI. Project MRV Plan; Project Validation and Verification; Monitoring; Reporting and Verification of Contract Credits

Section 6.01 Preparation, Implementation and Maintenance of Project MRV Plan; Amendments to Project MRV Plan. Supplier shall prepare, implement and maintain a monitoring, reporting and verification plan for the Project in accordance with Prudent Industry Practices, the Carbon Standard Rules and the requirements of the Registry (the Project MRV Plan). Upon request by Buyer, Supplier shall submit the Project MRV Plan, and any proposed amendments to the Project MRV Plan, to Buyer for Buyer's review.

Section 6.02 Validation of Project. Supplier shall take all actions necessary to ensure validation of the Project by the Verification Contractor, including the preparation and issuance of validation reports by the Verification Contractor, all in accordance with the requirements of the Project MRV Plan, the Carbon Standard Rules and the Registry.

Section 6.03 Project Status Reports. By the end of each calendar quarter after the Effective Date, Supplier shall provide a progress report to Buyer in a form reasonably acceptable to Buyer with respect to the Project, including [(a) prior to the Commercial Operations Date, an overview of the progress of the Project, including the status and anticipated timing of development, construction, testing, and the Commercial Operations Date;] [(a)/(b)] information regarding any material Approvals obtained or denied; [(b)/(c)] an evaluation of Supplier's and the Project's compliance with Applicable Law, Approvals and this Agreement; [(c)/(d)] the status of any bond, insurance, or other financial security required by any Governmental Agency with respect to the Project; [(d)/(e)] an estimated month-by-month Delivery plan, including anticipated Delivery dates and corresponding quantities of Contract Credits to be Delivered on such dates for the next twelve (12) months; and [(e)/(f)] any other information that is material to the Project or Generation of Credits or that Buyer reasonably requests.

Section 6.04 Monitoring, Verification and Reporting of Contract Credits and Replacement Credits. Supplier shall take all actions necessary to ensure the monitoring, verification, and reporting of all Contract Credits and all Replacement Credits by the Verification Contractor, and to ensure the issuance of Project monitoring verification reports by the Verification Contractor, all in accordance with the requirements of the Project MRV Plan, the Carbon Standard Rules and the Registry.

Section 6.05 Buyer Monitoring and Audit Rights. Supplier shall permit Buyer and its designated representatives and agents to monitor and audit the Project no more than once per year during the Durability Monitoring Period, for the purpose of verifying Supplier's compliance with this Agreement during the Durability Monitoring Period. All monitoring and auditing activities under this Section 6.05 shall be conducted in such a manner as not to unreasonably interfere with Supplier's normal operations and shall be subject to Article XIV (Confidentiality).