MBCP-SVCE Joint RFP Exhibit B: Term Sheet Power Purchase Agreement Term SheetPower Purchase Agreement Term Sheet • April 23rd, 2021 • California
Contract Type FiledApril 23rd, 2021 JurisdictionThis term sheet (“Term Sheet”), dated [mm/dd/yyyy] (the “Effective Date”), includes the key commercial terms and conditions (“Proposed Transaction”) to be included in a power purchase agreement (“PPA”) to be negotiated between Seller and Buyers (as defined below) in connection with the 2020 Joint Request for Proposals (“RFP”). Negotiation of the PPA is subject to Seller’s selection for the RFP shortlist by Buyers, the terms and conditions of the RFP, timely execution of the Exclusive Negotiating Agreement (as defined below) and posting of the Shortlist Deposit (as defined in the Exclusive Negotiating Agreement). Until a definitive agreement is approved by MBCP’s & SVCE’s respective management and Boards of Directors, and signed and delivered, no party shall have any legal obligations, expressed or implied, or arising in any other manner, under this Term Sheet or Proposed Transaction.