Mayfair House, 124 New Bond Street , London W1S 1DX Tel . 020 3551 2645 www.capita lcarboncredi ts .com
CAPITAL Carbon Credits
The carbon industry is the fastest growing commodities market – increasing by 33% in 2010 alone*
**If your land does not generate carbon credits within three years of your investment and subject to the terms and conditions.
FULL MONEY BACKGUARANTEE! **
At Capital Carbon Credits, we aim to generate
significant returns from an outstanding opportunity
to invest in rainforest land designed to generate carbon
credits – and help to defend against increasing greenhouse
gas emissions.
• Low risk ethical investment
• Carbon credit potential generated through Reducing
Emissions from Deforestation and Forest Degradation
in Developing Countries (REDD)
• Project monitored by a third-party auditor
• You help protect rainforest
• Designed to generate carbon credits that can
be traded
• Full money back guarantee if your land is not granted
accreditation for the issue of carbon credits*
• Carbon credits can be sold on the Voluntary CarbonMarket – a liquid and expanding marketplace
• Help offset your personal carbon footprint
• Minimum investment £5,000 – 4 hectares (10 acres)
of land including £300 accreditation fee per hectare*
• Target return in excess of 50% within 36 months
• You own the carbon credits generated from your
allocated plot
• 50,000 hectare project in Western Africa
* This is only payable if you elect to have your rainforest landaccreditated for you by the Company’s accreditation specialist
Key Parties & Advisors
UK Lawyer - AdvisorsEdwin Coe LLP2 Stone BuildingsLincoln’s InnLondonWC2A 3TH
Sierra Leone LawyerSerry-Kamalaco14 Lightfoot Boston St.Freetown Sierra Leone
Capital Carbon CreditsMayfair House124 New Bond StreetLondonW1S 1DX
Project Developer/Accreditation SpecialistsClimate Care Global Limited88 Wood StreetLondonEC2B 7RS
Receiving AgentCapital Secretarial LimitedSophia HouseThird Floor76-80 City RoadLondonEC1Y 2BJ
introduction
CAPITAL Carbon Credits, Tel: 020 3551 2645, Email: [email protected], Web: www.capitalcarboncredits.com
2
CAPITAL Carbon Credits
Rainforest is perfect land for conservation since it is
extremely valuable ecologically and highly efficient
at absorbing carbon dioxide and releasing oxygen into the
atmosphere. This is opposite to the way in which we
breathe, but it also means trees help to absorb some of
the pollution that is produced by industry and corporations
around the world. As industry has increased, so have
emissions and we are now at a stage where it is imperative
that we try to regain the natural balance. Whether we work
or not, we each have our own personal carbon footprint
that is influenced by the transport we use, the food that
we eat and the way in which we live.
As a result, governments around the world are coalescing
into a consistent view that the excess carbon emissions
must be offset in some way. This investment opportunity
allows you to contribute by avoiding the deforestation of
land, and retaining the trees on it.
Carbon credits are therefore all about balance. If an
individual or a corporation is causing a level of carbon
emissions that is either too high or does not tally with
their ethical outlook, it is possible for them to offset their
emissions and neutralise their carbon footprint. Carbon
credits are in effect currency that allows companies or
individuals to pay to remove their excess carbon dioxide
from the air.
why we need rainforest
3
4
When you invest with us, you are investing in a key
rainforest region – Sierra Leone. We consider Sierra
Leone to offer exemplary access to potential carbon credit
generation. We anticipate that all plots will be of
equivalent potential and ability in the generation of
carbon credits. Plots are sold by way of 4 hectares (10
acres) sub-leases over the land for a term of 45 years. Once
80% of the total leased area has been sub-leased, the
individual plots will be legally registered; this has no
impact on the granting of the Carbon Credits.
Climate exchangeOur appointed carbon accreditation partner is Climate Care.
Climate Care is the leading project developer in sourcing
and developing Certified Emission Reduction (CER) projects
credits through the Clean Development Mechanism (CDM)
applied to emission reduction projects in developing
countries which deliver real and measurable emission
reductions. Climate Care is our appointed accreditation
specialist, however you retain the option of appointing
your own carbon credit accreditation specialist. Once the
accreditation and auditing process is complete, you will
be allocated the total number of carbon credits related to
your plots.
Carbon credits are traded on unrelated international
environmental trading platforms. A European emissions
trading scheme known as the European Union Emission
Trading System (EU ETS) is one of the largest global carbon
credit trading schemes. Under the EU ETS, companies that
emit large amounts of carbon dioxide must oversee and
report on their emissions levels.
African rainforest
5
African rainforest
Our 50,000 hectares bordering the Gola Forest is a
highly significant rainforest area of Sierra Leone. The
region is a rich conservation site and has prime rainforest
flora and fauna. The land we have for investment is located
near the border with Liberia, and is lowland rain forest in
Sierra Leone. The bordering Gola Forest
(www.golarainforest.org) is internationally recognised as
an important area to preserve from deforestation, and also
home to a diverse variety of natural habitats. The Gola
Forest is the largest area of closed canopy lowland rain
forest remaining in Sierra Leone. As a result, it is a key
region in which carbon credit generation is likely.
The fact that such areas in the country are coming under
increasing pressure from agriculture and population
expansion means that its protection is also critical.
The country has gone through a transformation of sorts
over recent years as its troubled past fades. According to
the Sierra Leone Investment and Export Promotion Agency
(SLIEPA, 2008):
‘With Sierra Leone’s long civil strife behind it, the country
is poised to usher in a new era of economic growth and
prosperity. Having held successful democratic elections,
economic recovery has begun, and increasing attention is
being paid to creating the policies and developing the
infrastructure needed to support economic development
and create jobs.’
6
already involved and increasing their commitments to
emissions reduction as well as offsetting any emissions.
At Capital Carbon Credits (CCC) we have appointed Climate
Care Global Ltd, a UK company specialising in the business
of sourcing and developing carbon credits, to manage the
carbon accreditation process for the land our investors
own. The key people within this company have been
selected to manage the accreditation process. A feasibility
study has been recently completed. Some of the key
findings include:
• Based on all the information we have collected and
researched, it is our view that REDD Gola forest, Sierra
Leon should gain full accreditation.
• We estimate that it should successfully yield 400 VERSper hectare. As a guide, one hectare of rainforest
equals about 400 tonnes CO2 stored. As a rainforest
regenerates from bare land, it absorbs 10 tonnes
(10,000 kg) or more per hectare per year.
• The Gola Forest is the largest area of lowland rain
forest remaining in Sierra Leone, and is one of the
most important sites for the conservation of
threatened wildlife in the country.
• The forest is being diminished by a total of 0.7% per
year as of this time.
You may wish however to choose your own firm tomanage the carbon accreditation process. If this is thecase please indicate this on the application form andone of our sales managers will contact you.
There are two main types of carbon credits: CERs
(certified emission reductions) are projects that are
verified under the Kyoto Protocol compliance regime. This
is compulsory UN legislation to which countries that have
signed-up are required to adhere.
The other type of carbon credits are VERs (voluntary
emissions reductions) which are voluntary but also have to
be formally accredited by the UN. The avoided
deforestation project we are offering you falls into this
category. This market generally uses project-based
crediting mechanisms. Corporations or individuals who fall
outside the area of obligatory emissions targets are able to
offset their emissions in this way.
It is a dynamic market and one that is expected to
expand considerably.
AccreditationWe believe that now is an ideal time to consider this
investment opportunity since the carbon credits industry
is anticipated to become one of the world’s largest traded
commodities. This is supported by the fact that many of
the most economically powerful countries in the world are
Carbon credits – low riskethical investments withrobust potential
It’s clear that companies need to cut their carbon
emissions and operate ethically or they will have to
pay the price for their excess pollution. A carbon credit is
simply a unit equal to the offset of one tonne of
‘Greenhouse’ gases released into the atmosphere. Carbon
credits are a direct way in which polluting companies can
help to redress the harmful effects their operations cause.
Carbon credits also offer individuals a way in which to
offset their own carbon footprint.
Greenhouse gas emissions (GHGs) are absorbed by forests
instead of being released into the atmosphere. As a result,
protecting forests is a key defence against climate change.
At Capital Carbon Credits (CCC) our philosophy is to
support the move to reduce carbon emissions and make a
profit for our investors.
CAPITAL Carbon Credits
carbon credits – how the project works
7
step by step guide
Step 4 – Approval by third-party auditors
Another key part of our governance process to ensure that
your investment adheres to the highest standards is the
approval by third-party auditors of this project. Any carbon
credits arising from the avoided deforestation of land we
offer is measured by the auditors and assessed using in-
depth methodologies.
Step 5 – Monitoring
The process also involves consistent monitoring and
analysis. It is this detailed and methodical assessment
that ensures your investment plot is eligible for the
generation of carbon credits. We anticipate working with
Climate Care to help us with this process. We envisage that
the accreditation and auditing period will take at least 18
months.
Step 6 – The Voluntary Carbon Standard
The investment opportunity we offer you here is one that
adheres to one of the most highly respected governance
regulations in existence – the Voluntary Carbon Standard
(VCS). It provides a robust global standard for voluntary
offset projects. It also ensures that the carbon offsets have
real environmental benefits.
Step 7 – Issuance of carbon credits
Once the carbon credits have been issued, they will then
be tradeable freely. Your carbon credits can also be
registered with Markit Environmental Registry, the market
leading environmental registry. This means that tracking
your carbon credits will be straightforward.
Step 8 – Returns and reinvestment
We can assist you in the sale of the carbon credits and pay
you the money directly. For this we will deduct a 5%
management fee. We do this as it makes the investment
straightforward and simple - you do not need to do
anything yourself. Alternatively, you can choose to hold
your carbon credits and benefit from any capital
appreciation in the credits or sell the carbon credits
yourself.
Step 1 – We hand-pick suitable forestry land
We have already selected highly suitable forestry land in
which you can purchase. From as little as £1,250 per
hectare, including the accreditation fee of £300 per
hectare, you can be part of an ethical project that is not
only designed to generate returns but can offset your
carbon footprint.
Step 2 – Division of land into investmentplots
We have divided the land we have earmarked into
investment-sized pieces of one hectare (approximately 2.5
acre plots). These plots can be bought by our individual
investors.
Step 3 – The accreditation process is a 3step process
The accreditation process is broken down in to several
steps. The first part of the process is to develop a
Project Development Plan (PDP) which sets out the
whole route for a successful accreditation. The next step
is the Feasibility Study which will specifically target the
area of Rainforest which is attempting to be accredited.
This study is the foundation for the entire project and
will inform all parties as to the likelihood of success. The
feasibility study was completed in June 2011, and one of
the first companies of our type to have a carbon project
which is so far ahead in the accreditation process.
8
potential returns
Rainforest protection is one of the stand-out ways of
offsetting carbon emissions. When you invest in this
project, we expect you to gain a significant return from
what is a relatively low-risk ethical project. Your return is
expected to be generated in the form of carbon credits.
For this project, Capital Carbon Credits has based estimates
based on similar projects which have received accreditation
or are waiting accreditation (see table for comparison
purposes). Your land will generate at least 300 carbon
credits per hectare (approximately 2.5 acres) at the end of
the accreditation and auditing process which we envisage
will be a minimum of eighteen months and a maximum of
twenty four months. Based on a carbon credit price of
£6.25 (source: Climate Care) per carbon credit this gives a
gross income – once you have sold your carbon credits – of
£1,875. That is an anticipated net return of 50% over two
years including the accreditation fee. You will see from the
table this is a very conservative estimate and based on the
Belize project the return could be in excess of 90%.
The table opposite provides details of similar carbon
schemes and the average tonnes of carbon which have
been or are being accredited per hectare. The figure of 586
tonnes for Boden Creek in Belize for example would equate
to the granting of 586 carbon credits, this compares to
Capital Carbon Credits estimate of 300 tonnes per hectare.
In addition, you will still own the land once you have sold
your carbon credits. The land will have a residual value
and you will be able to choose whether to sell it or keep
it.
Our estimates are at the lower end of the scale and we
expect that potential returns may even be higher
than this. Particularly taking into consideration the results
of the feasibility study.
The period in which the land will be accredited is expected
to be 18 months, although it may take longer. We believe
that 24 months is more than enough for the three-step
process to be completed but we cannot guarantee this.
By the end of July 2011 Capital Carbon Credits will have
completed the first 2 steps of the Accreditation Process.
Carbon Credits a liquid marketThere is an established transparent market in the trading of
carbon credits, with many traditional stockbrokers and
specialist firms buying and selling Carbon Credits. One such
example is Carbon Trade Exchange
(www.carbontradexchange.com) which trades carbon credits
on behalf of blue-chip clients and small investors and
Chicago Climate Exchange (www.chicagoclimatex.com).
Full money back guaranteeWe are so confident that the land we have selected will
qualify for carbon credits that we are happy to offer our
investors a full money back guarantee if their land is not
granted voluntary carbon credits within three years of their
investment. This money back guarantee does not apply to
the accreditation fees.
Project
Boden Creek, BZ
Bull Run, BZ
Gallon Jug, BZ
Peru 1
Projected Tonnes
2,992,093
1,920,398
41,201,754
72,708,978
Acres
12,755
11,421
167,960
296,400
Tonnes/Hectare
586
420
613
614
Start Date
2010
2010
2010
2010
End Date
2010
2011
2012
2012
For details of the projects which have been validated or are
awaiting validation please see www.climate-
standards.org/projects/index.html.
9
strict validation & governance
Next steps You will purchase a leasehold interest in the land for
45 years. Upon investment you will be issued with a
Sublease Certificate setting out the number of plots you
own. Upon the allocation of approximately 80% of the
land, the company will arrange for the subleases to be
registered at the Sierra Leone Land Registry. Once the title
deed has been issued, you will be the legal owner of the
leasehold title on your allocated land. Your ownership will
be registered at the Sierra Leone Land Registry at which
point you will receive a copy of the title and registered
lease document. We can also ensure that the carbon
credits that are generated as a result of the accreditation
and auditing process are recorded by the Markit
Environmental Registry, should you require this
registration when the carbon credits are issued.
We will help to maximise your returns in this respect by
making the trade process simple and straightforward. We
will help to ensure that the carbon credits you earn from
your investment are easily tradeable into cash.
We adopt high standards to ensure that our governance
is robust and we adhere to strict guidelines.
At the latest, we expect to generate valid carbon credits
by the end of the second year of your investment. The
credits will be sold on our investors’ behalf and the returns
distributed to each investor.
To provide you with peace of mind, the project also
complies with the standards set for the Voluntary Carbon
Standard (VCS). The VCS was initially developed in 2005
by The Climate Group, the International Emissions Trading
Association and the World Economic Forum. It is a key part
of governance in this sector that ensures there is a strict
set of guidelines along which a project such as this is
managed. It includes criteria such as:
• The carbon offsets must be real
• Independently verified
• Not used more than once
• Not part of BAU (business as usual) activities
The VCS also aims to support confidence in the voluntary
offset market through a consistent and credible approach.
One of its key tenets is standardisation of emission
reduction strategies to enable robust carbon solutions and
emissions reductions.
10
invest now - be in at the start
Governments all over the world are intent on reducing
greenhouse gases. Polluting companies tend to
release elements that have a negative effect on the
environment. In many cases, these are gases which are a
contributory factor in climate change – one of the most
pressing geo-political and environmental issues. One way
for polluters to mitigate the damaging elements they
produce is by purchasing carbon credits.
Carbon credits are initiated by projects and schemes that
conserve or re-generate environmental areas and prevent
them from being turned into negatively-impacting
industrial uses. The carbon credits are then either bought
by corporations keen to redress the impact of their day-to-
day operations on the environment, or by individuals who
would like to offset the impact of their lives, such as
purchasing habits or travel.
At Capital Carbon Credits, we generate carbon credits by
working with corporations in emergent and developing
countries. Our work focuses on projects that can reduce
greenhouse gas emissions. Our experience and expertise
allows us to structure investment opportunities with
significant potential to generate carbon credits.
Carbon and greenhouse gasesCarbon is used as a catch-all term since carbon dioxide is
the key greenhouse gas. As a result, carbon trading
became used as a proxy for greenhouse gases overall.
There is a global move to reduce carbon emissions and this
is likely to intensify – rapidly. In 2005 the Kyoto Protocol
came into force and heralded a new emphasis where most
developed nations agreed to specific targets on
greenhouse gas emissions. The Kyoto Protocol aims to
alleviate global warming and is part of the United Nations
Framework Convention on Climate Change (UNFCCC).
The protocol is legally binding and its focus is to ensure
that greenhouse gas concentrations are stabilised at
lower levels.
Now that emissions targets have been issued, it is clear
there is an economic incentive to comply. As a result,
emission reductions themselves gained economic value.
As well as through emissions trading, these have a number
of mechanisms to market.
11
UK pressure on carbon emissions
REDD – our key focusAt Capital Carbon Credits, we are focused on a key area of
the carbon market – carbon offsetting. This occurs where
a project is completed that helps to reduce carbon
emission. Our investment opportunity is set to produce
carbon credits through REDD – Reducing Emissions from
Deforestation and Forest Degradation. Retaining rain
forests is a key way of halting rising carbon emissions,
since deforestation and degradation is generally accepted
to account for as much as 20% of greenhouse gas
emissions.
Deforestation refers to removal of forests while forest
degradation describes where the production capacity of a
forest area is restricted through the negative impact of
commercial or industrial activity. Essentially, REDD credits
provide an opportunity to use funding from developed
countries to reduce deforestation in developing countries.
REDD also has other additional benefits and can help to
support biodiversity conservation, so it’s no surprise that
it is attracting considerable investment.
One of the relative successes of the 2009 United Nations
Climate Change Conference held in Copenhagen was the
acceptance of REDD.
‘…the first beneficiary of REDD is Indonesia,which is to receive $1bn from Norway.’ The FT alsoquotes Izabella Teixeira – Brazil’s environment minister –as saying that REDD is important ‘…because itdemonstrates that global partnership is possible.’
As offsetting becomes ever more important in the battle
against global warming, it is accepted that REDD will
play an important part in future geo-political action.
Many commentators expect that REDD is likely to be
included in a post-2012 climate agreement.
In the UK, the Department for Energy and Climate
Change put severe pressure on businesses to register
for a compulsory carbon-cutting scheme by 30 September
2010. According to The Daily Telegraph:
‘Under the scheme, companies that have annual power
bills of more than £500,000, but fall outside the remit of
the European Union's carbon-trading programme for major
polluters, will have to buy emission permits.’
Meanwhile in Europe, the EU’s emissions trading system
(ETS) aims to reduce carbon emissions by corporate
polluters within the EU. The ETS means each country is
given a limit on the amount of carbon dioxide emissions.
This is divided among the corporate entities that fall
within the system within each country. Then, if a company
goes over its proscribed limit, they are required to buy
permits to balance it out. If they emit less, they can sell
their unused allocations. At present, the ETS is in its
second phase, as the third phase is planned to run
from 2013 to 2020. The likelihood is that emissions control
will tighten further still – making carbon credits
more attractive.
12
peace of mind
Peace of mind
As an investor, you will be granted a sub-lease over the
rainforest land purchased. The terms of your sub-lease
are set out in the terms and conditions on p13-15 of this
offer. We will also send you half yearly reports on progress
with the accreditation, auditing and monitoring process.
On completion of the process we will write to you to advise
of the number of carbon credits generated from your
investment and their current trading value. You are then
able to sell your carbon credits or hold on to them. If you
choose to hold onto your carbon credits, we will continue
to send you an annual valuation statement to show you
how your investment has evolved including the carbon
credit price, so you have a comparable record of your
investment with us.
Investing in Capital CarbonCredits Our sole focus is to deliver this through:
• Full money back guarantee*
• Capital growth from certified carbon offset
investments
• An ethical investment – you are helping to save
rain forest
• Helping offset carbon emissions
* Subject to the terms and conditions set out in this offer.
• Potential gains from a market where supply is limited
• Investing in the fastest growing commodities market
in the world
• Returns in excess of 50% expected within 36 months
• You own the property in your own name
Apply nowThe Capital Carbon Credits offer is limited in supply and
offered on a first-come, first-served basis only. Please find
contained in this document an application form providing
further details on this unique offer. Investing in Capital
Carbon Credits can not only benefit the environment but,
as a SIPP compliant investment, assist in building up your
pension fund for your retirement in an ethical way. For
further information contact Carbon Capital Credits on 0203551 2645 or visit www.capitalcarboncredits.com.
13
application form
Please read the following application form carefully
ensuring you have selected the number of hectare(s)
you wish to purchase in accordance with the terms
& conditions of this Offer. If you have any questions please
contact Capital Carbon Credits Limited on 020 3551 2645.
InvestmentI/We wish to purchase ________________ hectares at
£1,250 per hectare.
(Minimum investment £5,000 with £1,250 increments,
including £300 per hectare Accreditation Fee).
Carbon Accreditation ProcessI wish to elect Capital Carbon Credits to appoint an
Accreditation Agency on my behalf.
I wish to select my own Carbon Accreditation Manager
(Please note the additional £300/hectare payable).
Personal detailsMr/ Mrs/ Miss/ Ms/ or title
Forenames
Surname
Hectares(s) to be registered in the name of:
Address
Telephone
Mobile
Payment detailsI/We wish to make payment for my/our hectare(s) and/or
accreditation fee via the following method:
I/We enclose a cheque made payable to
“Capital Secretarial Limited” for the amount payable
of £_________________; or
Please charge my VISA / MasterCard / Maestro with
the amount payable of £_________________.
Card Number
Start Date / Expiry Date /
3 Digit Security Number
(last 3 digits on reverse of card)
Maestro Issue Number
Name as it appears on the card
A small charge of 2.5% will be charged for all credit card payments.
I/We will arrange an electronic transfer to
“Capital Secretarial Limited” with the amount payable
of £___________ to the following bank account:
Capital Secretarial Limited, using Ref: Capital Carbon Credits,
Barclays Bank plc, Sort code 20-37-16,
Account Number 63764273.
TERMS & CONDITIONS: Please allow up to 28 days from receipt of your applicationform and cleared funds for delivery of your Sublease Certificate. This offer is openfor a limited time and applications are accepted on a first come, first served basis.
I understand that the completion and delivery of this Application Form accompaniedby a cheque or payment instructions by credit/debit card or bank transferconstitutes an undertaking that the payment will be honoured on firstpresentation/transaction. I understand that no application will be accepted unlessand until payment in full for the rainforest land has been made. The Companyapplies a no refund policy for any application form having been received.
I confirm that I am applying on my behalf, that I have read, accepted andunderstood the terms and conditions and this Application Form. I further confirmthat I am purchasing rainforest land on the basis only of the information containedin the Offer and Application Form which supersedes all other information (whetherwritten or oral) and any such other information or representations must not berelied upon when buying forestry land.
We recommend that you carefully consider your purchase before submitting an Application Form based on your own personal financial circumstances. The information Capital Carbon Credits has provided does not constitute financial advice.
Please send this completed application form together with payment by post or by hand to: Capital Secretarial Limited, FREEPOST RRYE-EKBA-LGRA, Sophia House, 76-80 City Road, London EC1Y2BJ. If you post your application form you are recommended to allow atleast two business days for delivery.
Signed
Full Name
Date
Investment: refers to each Plot purchased at£950 per hectare for the generationof carbon credits;
Investor: is a reference to any of the followingwords ‘You’, ‘Your’ or ‘Purchaser’;
Landlord: the owner(s) of the freehold interestof the Leased Area;
Leased Area: refers to the 50,000 hectares ofrainforest land leased by theCompany;
Offer: includes this document and theApplication Form;
Receiving Agent: refers to Capital Secretarial Limited(6457016) registered in England andWales;
Sublease: refers to the Investors Plot(s)subleased to the Investor inaccordance to the terms andconditions set out in this Offer;
Sublease Certificate: refers to the investment certificatesent to the Investor setting out thenumber of Plot(s) purchased;
Term: refers to a period of 45 yearscommencing from the date recordedon the Sublease Certificate.
Money LaunderingRegulations
If your investment amount is greater than £13,000 please send onedocument from List A and one document from List B below withyour Application Form. Capital Carbon Credits and its agents reservethe right to request further documentation in respect of anyapplicant in order to satisfy their obligations to ensure adherenceto Anti Money Laundering regulation and/or legislation. Each itemmust be less than three months old and should show your name andpermanent residential address. Please note that statements printedvia the internet are not acceptable. Original documents will bereturned by post at your risk.
List A (Verification of Identity)• Driving Licence• Passport• Bank Statement• Building Society Statement
The statement you provide must show transactions and relate to theBank/Building Society account from which your payment is drawn
List B (Verification of Address)• Utility Bill (but not a mobile telephone bill)• Council Tax Bill (for the current year) • Benefits notification letter from the Benefits Agency confirming
the right to benefits (e.g. child benefit, working families taxcredit)
• Original Tax Notification from HM Revenue & Customs
Definitions
Accreditation Agency: Climate Care Global Limited(7694039) of registered office 88Wood Street, London EC2B 7RS,registered in England and Wales.
Accreditation Fee: £300 per hectare;
Accreditation Process: refers to the process of engaging anAccreditation Agency and third partyauditor to undertake the carboncredit accreditation project;
Application Form: the form to be completed by theInvestor when applying for theleasehold interest in the landoffered by the Company;
Company: refers to Capital Carbon CreditsLimited (7464093) of registeredoffice at Mayfair House, 124 BondStreet, London W1S 1DX registeredin England and Wales;
Plot: a parcel of land equivalent to one(1) hectare within the Leased Area;
Carbon Credit: refers to the number of carboncredits attributed to an investor’splot in accordance with theAccreditation Agency;
terms, conditions & money laundering regulations
14
15
(vi) The Company reserves the right to defer the period referred to ind(v) for the allocation of the Carbon Credits, or to terminate thisSublease, if it is prevented from, or delayed in, carrying on itsactivities by acts, events, omissions or accidents beyond itsreasonable control, including (without limitation) strikes, lockoutsor other industrial disputes (whether involving the workforce ofthe Company or any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire flood, storm or default of suppliers or subcontractors.
(vii) the Investor accepts that the Sublease is subject to a lease issuedby the Landlord to the Company, and the termination of the leasewill terminate this Sublease;
(viii) the Investor accepts the description of the Leased Area upon anyplan contained in the Company’s marketing material isapproximately correct and such plan is used for the purposes ofidentification only and no warranty is given or implied as to itsaccuracy and for the avoidance of doubt the Investor herebyacknowledges that the Company shall be entitled in its absolutediscretion to change the layout of the plan provided the total areaof the Leased Area is not reduced; and
(ix) The use of the Plots are for the exclusive use of a carbon creditscheme.
(e) Any notice under this agreement shall be given in writing only bythe party serving the same and shall be served upon the party atthe address of such party or at such other address as may benotified from time to time.
(f) Any notice served by first class post shall be deemed to be servedupon the third working day after the date of posting.
(g) You may transfer your Sublease to a third party at any time inwhich case you may request in writing that the Company assist tofind a third party Investor. The Company will not be under anyobligation to find an Investor but will use its reasonableendeavours to find an Investor in which case the Company will beentitled to a fee of 3% of the total proceeds of any transfer whichit procures or arranges (the transfer) on the Investor’s behalf. Thereis no guarantee provided by the Company in relation to theassignment or sale of your Investment.
(h) The Company reserves the right in their sole discretion to change,suspend or substitute the Company’s terms and conditions at anytime with or without notice, provided the changes do not derogatethe rights of the investor.
(i) This agreement and the Application Form will be governed by andconstrued in accordance with the laws of England and you submitto the non-exclusive jurisdiction of English Law.
(j) The document and the Application Form constitute the entireagreement between you and the Company in respect of yourSublease and you acknowledge and confirm that you have notentered into this agreement in reliance on any information whichis not included in this Offer or the Application form.
(k) A person who is not party to this agreement has no rights underthe Contracts (Rights of Third Parties) Act 1999 to enforce anyterm of this agreement but this does not affect any right or remedyof a third party which exists or is available apart from the Act.
(l) This agreement constitutes the entire agreement and understandingof the parties and supersedes any previous agreement betweenthem relating to the subject matter of this agreement.
(m) The Investor hereby acknowledges that:
(i) the Company does not claim specialist knowledge or expertiseas to the future price of the Leased Area;
(ii) any representation made by the Companys’ sales consultants,agents or sales literature either in paper or electronic form do notform part of this agreement;
(iii) the Company gives no warranty as to the future value of theLeased Area or the Carbon Credits;
(iv) historical rise in the value of the Carbon Credits is not areliable guide to the future prices of land;
(v) the Company cannot guarantee that the price paid for theSublease represents market value or that it will be able to find athird party Investor for the Plot(s).
terms, conditions & sublease
(a) Your legal ownership over the land will be registered at the SierraLeone Land Registry, at which point you will also receive a copy ofthe title and registered lease document. This is subject to theallocation of a minimum of 80% of the leased area being subleased.
(b) The Company reserves the right, in its absolute discretion, to rejectany Application Form. If an Application Form is not accepted anyapplication monies will be returned together with the applicant(s)’payment to the address of the first named applicant at the risk ofthe applicant(s).
(c) You warrant that if You sign an Application Form on behalf ofsomeone else including a corporation, You have authority to do soand such person/ company will be bound accordingly and will bedeemed also to have accepted the Offer and given the authority,confirmation, warranties and undertakings contained in theseterms and conditions.
(d) Applications must be made on the Application Form unlessotherwise agreed by the Company. By completing an ApplicationForm, you as the applicant(s) agree to buy the Plot(s) allocated toYou at the Company’s discretion by way of a Sublease on thefollowing terms:
(i) You are liable for any taxes levied in any jurisdiction during theTerm of the Sublease;
(ii) the Plots are subleased for the purposes of protection fromdeforestation and degradation only;
(iii) upon payment of the Accreditation Fee, the Investorirrevocably and unconditionally agrees to the Company being solelyresponsible for managing the land and the Carbon CreditAccreditation Process on behalf of the Investor;
(iv) the Company will procure that the Investor will receive the Carbon Credit allocation within three years of the date of theSublease Certificate;
(v) should the Company not be in a position to allocate CarbonCredits to your Plot(s) within three years from the date of theSublease Certificate, the lease and Sublease may be terminated andthe Investment will be refunded to the Investor after any fees,taxes and charges have been deducted from the Investment to becapped at a maximum of 10% of the Investment made by theInvestor. This refund does not include any payment of theAccreditation Fee;
CAPITAL Carbon Credits