Document:

nbio_ex104.htm

EXHIBIT 10.4
  
   
 Confidential
 Private Placement Subscription Agreement
 Regulation D 
   
 6330 Nancy Ridge Drive Suite 105
 San Diego CA 92127
   
 Nascent Biotech Inc.
   
 $1,000,000
 1,000,000 Shares of Series A Preferred Convertible 
 $1.00 per Share 
 7% Cumulative Interest
 5,000,000 Warrants 
   
 Minimum Investment: $50,000
   
 PRIVATE PLACEMENT SUBSCRIPTION
  
 	 
	
	

	 

  
 Regulation D
  
 Nascent Biotech Inc.
 6330 Nancy Ridge Drive Suite 105
 San Diego CA 92127
  
 PRIVATE PLACEMENT
  
 INSTRUCTIONS TO SUBSCRIBER:
  
 1. COMPLETE the information on page 3 of this Subscription Agreement.
  
 2. Residents in the United States, COMPLETE the Prospective Investor Suitability Questionnaire attached as Appendix 1 to this Subscription Agreement.
  
 3. EMAIL the competed subscription agreement to Lowell.Holden@nascentbiotech.com or COURIER the originally executed copy of the entire Subscription Agreement, together with the Questionnaires, to the Company at:
  
 Nascent Biotech Inc
 6330 Nancy Ridge Drive Suite 105
 San Diego CA, CA 92127
  
 	 
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 PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
  
 TO: Nascent Biotech Inc. (the “Company”) - Subject and pursuant to the attached “Terms and Conditions” of this Subscription Agreement, including all schedules and appendices attached hereto, the Subscriber hereby irrevocably subscribes for, and on the Closing Date, will purchase from the Company, the following securities at the following price:
  
 	 Number of Shares Subscribed for: ____________________ Preferred Shares
	  

	 US$1.00 per Share for a total purchase price of $ _____________________________________________________
	  

	 The Subscriber previously owns, directly or indirectly, the following securities of the Company:
	  

	 __________________________________________________________________________________________
	  

	 [Check if applicable] The Subscriber is an affiliate of the Company
	  

	  
	  

	 REGISTRATION INSTRUCTIONS
	  
	 DELIVERY INSTRUCTIONS if different

	  
	  
	  

	 ______________________________________________________________________
	  
	 ____________________________________________________________________________

	 Name to appear on certificate
	  
	 Name and account reference, if applicable

	  
	  
	  

	 ______________________________________________________________________
	  
	 ____________________________________________________________________________

	 Account reference if applicable
	  
	 Contact name

	  
	  
	  

	 ______________________________________________________________________
	  
	 ____________________________________________________________________________

	 Address
	  
	 Address

	  
	  
	  

	 ______________________________________________________________________
	  
	 ____________________________________________________________________________

	 City, Postal Code
	  
	 City, Postal Code

	  
	  
	  

	 ______________________________________________________________________
	  
	 _____________________________________________________________________________

	 Tax I.D./E.I.N./S.S.N.
	  
	 Telephone Number

  
 EXECUTED by the Subscriber this _______ day of _____________, 2020.
   
 	 WITNESS:
	  
	 EXECUTION BY SUBSCRIBER:
	  

	  
	  
	  
	  

	 _____________________________________________________________________
	  
	 ☒
	  

	 Signature of Witness
	  
	 Signature of individual (if Subscriber is an individual)
	  

	  
	  
		  

	 _____________________________________________________________________
	  
	 ☒
	  

	 Name of Witness
	  
	 Authorized signatory (if Subscriber is not an individual)
	  

	  
	  
	  
	  

	 _____________________________________________________________________
	  
	  
	  

	 Address of Witness
	  
	 Name of Subscriber (please print)
	  

	  
	  
	  
	  

	 _____________________________________________________________________
	  
	  
	  

	  
	  
	 Name of authorized signatory (please print)
	  

	 ACCEPTED and EFFECTIVE this ______day of ____________________, 2020
	  
	  
	  

	  
	  
	  
	  

	 NASCENT BIOTECH INC.
	  
	 Address of Subscriber (residence)
	  

	  
	  
	  
	  

	 per:
	  
	  
	  

	  
	  
	 Telephone Number 
	  

	 _____________________________________________________________________
	  
	  
	  

	 Authorized Signatory
	  
	  
	  

	  
	  
	 E-mail address
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	  
	 Social Security/Insurance No.:
	  

  
 By signing this acceptance, the Subscriber agrees to be bound by the term and conditions of this Subscription Agreement.
  
 	 
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 NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE “SUBSCRIPTION AGREEMENT”) RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.
  
 TERMS AND CONDITIONS
 1. Subscription
  
 1.1 The above signed (the "Subscriber") hereby irrevocably subscribes for and agrees to purchase the number of shares of the Company's Series A Convertible Preferred Stock (the "Shares") as set out on page 3 of this Subscription Agreement at a price of US$1.00 per Share (such subscription and agreement to purchase being the "Subscription"), for the total subscription price as set out on page 3 of this Subscription Agreement (the "Subscription Proceeds"), which Subscription Proceeds are tendered herewith, on the basis of the representations and warranties and subject to the terms and conditions set forth herein. The Shares, along with the underlying common shares into which the Shares are convertible, are referred to as the “Securities”. Each Series A preferred share is convertible at 10 cents per share or 50% of the lowest closing trade for 5 trading days prior to conversion, which ever is lower, into shares of common stock of the Company or as set out in paragraph 20 in this subscription agreement below. The accumulative interest is convertible into shares of common stock at the same rate for each share of common stock or as set out in paragraph 20 in this subscription agreement below. In addition, The Company will issue one warrant for each two shares subscribed by the Subscriber. Each warrant is convertible within two years of issuance at 150% of the closing price. 
  
 1.2 The Company hereby agrees to sell, based on the representations and warranties and subject to the terms and conditions set forth herein, to the Subscriber the Shares. Subject to the terms hereof, the Subscription Agreement will be effective upon its acceptance by the Company.
  
 2. Payment
  
 2.1 The Subscription Proceeds must accompany this Subscription and shall be paid to the Company by wire transfer, certified cheque, bank draft or money order. The Subscription Proceeds may also be wired to the Company pursuant to the wire instructions attached as an Appendix. 
  
 2.2 The Subscriber acknowledges and agrees that this Subscription Agreement and any other documents delivered in connection herewith will be held by the Company's lawyers on behalf of the Company. In the event that this Subscription Agreement is not accepted by the Company for whatever reason within 60 days of the delivery of an executed Subscription Agreement by the Subscriber, this Subscription Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as set forth in this Subscription Agreement without interest or deduction.
  
 2.3 Where the Subscription Proceeds are paid to the Company, the Company may treat the Subscription Proceeds as a non-interest bearing loan and may use the Subscription Proceeds prior to this Subscription Agreement being accepted by the Company.
  
 3. Questionnaires and Undertaking and Direction
  
 3.1 The Subscriber must complete, sign and return to the Company the following documents:
  
 (a) One (1) executed copy of this Subscription Agreement; 
  
 (b) the US Questionnaire in the form attached as Appendix 1 if the Subscriber is resident in the United States.
  
 3.2 The Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings as may be required by regulatory authorities, stock exchanges and applicable law.
  
 	 
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 4. Closing
  
 4.1 Closing of the purchase and sale of the Securities shall be deemed to be effective on such date as may be determined by the Company in its sole discretion (the "Closing Date"). The Subscriber acknowledges that Shares may be issued to other subscribers under this offering (the "Offering") before or after the Closing Date. The Company, may, at its discretion on or before August 31, 2020, elect to close the Offering in one or more closings, in which event the Company may agree with one or more subscribers (including the Subscriber hereunder) to complete delivery of the Securities to such subscriber(s) against payment therefore at any time on or prior to the Closing Date.
  
 5. Acknowledgements of Subscriber
  
 5.1 The Subscriber acknowledges and agrees that:
  
 (a) none of the Securities have been registered under the 1933 Act, or under any state securities or “blue sky” laws of any state of the United States, and, unless so registered, may not be offered or sold in the United States or to U.S. Persons, as that term is defined in Regulation S under the 1933 Act (“Regulation S”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act;
  
 (b) The Subscriber acknowledges that the Company has not undertaken, but will agree to file a registration statement within 20 days after completion of the financing;
  
 (c) the decision to execute this Subscription Agreement and purchase the Securities agreed to be purchased hereunder has not been based upon any oral or written representation as to fact or otherwise made by or on behalf of the Company. If the Company has presented a business plan to the Subscriber, the Subscriber acknowledges that the business plan may not be achieved or be achievable;
  
 (d) the Subscriber and the Subscriber’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from the Company in connection with the sale of the Securities hereunder, and to obtain additional information, to the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of the information about the Company;
  
 (e) the decision to execute this Subscription Agreement and purchase the Securities agreed to be purchased hereunder has not been based upon any oral or written representation as to fact or otherwise made by or on behalf of the Company and such decision is based solely upon a review of publicly available information regarding the Company (the "Company Information");
  
 (f) the books and records of the Company were available upon reasonable notice for inspection, subject to certain confidentiality restrictions, by Subscribers during reasonable business hours at its principal place of business and that all documents, records and books in connection with the sale of the Securities hereunder have been made available for inspection by the Subscriber, the Subscriber’s attorney and/or advisor(s);
  
 (g) by execution of this Subscription Agreement the Subscriber has waived the need for the Company to communicate its acceptance of the purchase of the Securities pursuant to this Subscription Agreement;
  
 (h) all information which the Subscriber has provided to the Company in the Questionnaire is correct and complete as of the date the Questionnaire is signed, and if there should be any change in such information prior to the Subscription being accepted by the Company, the Subscriber will immediately provide the Company with such information;
  
 	 
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 (i) the Company is entitled to rely on the representations and warranties and the statements and answers of the Subscriber contained in this Subscription Agreement and in the Questionnaire, and the Subscriber will hold harmless the Company from any loss or damage it may suffer as a result of the Subscriber’s failure to correctly complete this Subscription Agreement or the Questionnaire;
  
 (j) it will indemnify and hold harmless the Company and, where applicable, its respective directors, officers, employees, agents, advisors and shareholders from and against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith;
  
 (k) the issuance and sale of the Securities to the Subscriber will not be completed if it would be unlawful or if, in the discretion of the Company acting reasonably, it is not in the best interests of the Company;
  
 (l) it has been advised to consult its own legal, tax and other advisors with respect to the merits and risks of an investment in the Securities and with respect to applicable resale restrictions and it is solely responsible (and the Company is not in any way responsible) for compliance with applicable resale restrictions;
  
 (m) none of the Securities are listed on any stock exchange and no representation has been made to the Subscriber that any of the Securities will become listed on any stock exchange or automated dealer quotation system; 
  
 (n) it is acquiring the Securities as principal for its own account, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalization thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in such Shares; 
  
 (o) the Subscriber is acquiring the Securities pursuant to an exemption from the registration and prospectus requirements of applicable securities legislation in all jurisdictions relevant to this Subscription, and, as a consequence, the Subscriber will not be entitled to use most of the civil remedies available under applicable securities legislation and the Subscriber will not receive information that would otherwise be required to be provided to the Subscriber pursuant to applicable securities legislation;
  
 (p) the Subscriber has been advised that the business of the Company is in a start-up phase and acknowledges that there is no assurance that the Company will raise sufficient funds to adequately capitalize the business or that the business will be profitable in the future;
  
 (q) the Subscriber recognizes that an investment in the Shares involves certain risks and has taken full cognizance of and understand all of the risk factors related to the business objectives of the Company and the purchase of the Shares. An investment in the Shares offered hereby is speculative and involves a high degree of risk and should not be purchased by persons who cannot afford the loss of their entire investment. Prospective investors should carefully consider all such risk factors.
  
 (r) Pending acceptance of this subscription by the Company, all funds paid hereunder shall be deposited by the Company and immediately available to the Company for its corporate purposes. In the event the subscription is not accepted, the subscription funds will constitute a non-interest bearing demand loan of the Subscriber to the Company.
   
 	 
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 (s) the Subscriber agrees to indemnify and hold harmless the Company, its officers and directors from and against all damages, losses, costs and expenses (including reasonable attorney’s fees) which they may incur by reason of my failure to fulfill any of the terms or conditions of this Subscription Agreement, or by reason of any untrue statement made herein or any breach of the representations and warranties made herein or in any document that I have provided to the Company.
  
 (t) The shares of the preferred stock comprising this offering are not registered under the federal securities laws or qualified under any state securities laws, and they are being sold in reliance upon exemptions under such laws. The exemptions used require, among other things, that the common stock be purchased for investment purposes only, and not with any current view to the distribution or resale thereof. Unless the preferred stock is registered with the SEC and any required state authorities, or an appropriate exemption from such registration is available, a holder of these securities will be unable to liquidate his or her investment in the securities, even though the holder’s personal financial condition may dictate such liquidation. The certificates representing the shares of common stock will bear appropriate legends referring to restrictions on transferability imposed by the Securities Act and applicable state securities laws. The common stock may not be pledged, hypothecated, assigned or otherwise disposed of except as permitted under applicable federal and state securities laws or pursuant to registration or exemption therefrom. Therefore, prospective stockholders who require liquidity in their investments should not invest in the shares.
  
 (u) no documents in connection with the sale of the Securities hereunder have been reviewed by the Securities and Exchange Commission or any state securities administrators; 
  
 (v) there is no government or other insurance covering any of the Securities; and
  
 (w) this Subscription Agreement is not enforceable by the Subscriber unless it has been accepted by the Company.
  
 6. Representations, Warranties and Covenants of the Subscriber
  
 (a) The Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall survive the Closing) that:
  
 (b) the Subscriber is resident in the jurisdiction set forth on page 3 underneath the Subscriber’s name and signature;
  
 (c) the Subscriber has the legal capacity and competence to enter into and execute this Subscription Agreement and to take all actions required pursuant hereto and, if the Subscriber is a corporation, it is duly incorporated and validly subsisting under the laws of its jurisdiction of incorporation and all necessary approvals by its directors, shareholders and others have been obtained to authorize execution and performance of this Subscription Agreement on behalf of the Subscriber;
  
 (d) the Subscriber (i) has adequate net worth and means of providing for its current financial needs and possible personal contingencies, (ii) has no need for liquidity in this investment, and (iii) is able to bear the economic risks of an investment in the Securities for an indefinite period of time;
  
 (e) the Subscriber has made an independent examination and investigation of an investment in the Securities and the Company and has depended on the advice of its legal and financial advisors and agrees that the Company will not be responsible in anyway whatsoever for the Subscriber’s decision to invest in the Securities and the Company;
  
 (f) all information contained in the Questionnaire is complete and accurate and may be relied upon by the Company and the Subscriber will notify the Company immediately of any material change in any such information occurring prior to the closing of the purchase of the Securities;
  
 	 
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 (g) the entering into of this Subscription Agreement and the transactions contemplated hereby do not result in the violation of any of the terms and provisions of any law applicable to, or the constating documents of, the Subscriber or of any agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound;
  
 (h) the Subscriber has duly executed and delivered this Subscription Agreement and it constitutes a valid and binding agreement of the Subscriber enforceable against the Subscriber;
  
 (i) it understands and agrees that none of the Securities have been registered under the 1933 Act or any state securities laws, and, unless so registered, none may be offered or sold in the United States or, directly or indirectly, to U.S. Persons (as defined herein) except pursuant to an exemption from, or in a transaction not subject to, the Registration Requirements of the 1933 Act and in each case only in accordance with state securities laws;
  
 (j) it is purchasing the Securities for its own account for investment purposes only and not for the account of any other person and not for distribution, assignment or resale to others, and no other person has a direct or indirect beneficial interest is such Shares, and the Subscriber has not subdivided his interest in the Securities with any other person;
  
 (k) it can fend for itself in the Subscription and has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment;
  
 (l) if it is acquiring the Securities as a fiduciary or agent for one or more investor accounts, it has sole investment discretion with respect to each such account and it has full power to make the foregoing acknowledgments, representations and agreements on behalf of such account;
  
 (m) it understands and agrees that the Company and others will rely upon the truth and accuracy of the acknowledgments, representations and agreements contained in sections 5 and 6 hereof and agrees that if any of such acknowledgments, representations and agreements are no longer accurate or have been breached, it shall promptly notify the Company;
  
 (n) the Subscriber:
  
 (i) is knowledgeable of, or has been independently advised as to, the applicable securities laws of the securities regulators having application in the jurisdiction in which the Subscriber is resident (the “International Jurisdiction”) which would apply to the acquisition of the Securities, 
  
 (ii) is purchasing the Securities pursuant to exemptions from prospectus or equivalent requirements under applicable securities laws or, if such is not applicable, the Subscriber is permitted to purchase the Securities under the applicable securities laws of the securities regulators in the International Jurisdiction without the need to rely on any exemptions,
  
 (iii) acknowledges that the applicable securities laws of the authorities in the International Jurisdiction do not require the Company to make any filings or seek any approvals of any kind whatsoever from any securities regulator of any kind whatsoever in the International Jurisdiction in connection with the issue and sale or resale of any of the Securities, and
  
 (iv) represents and warrants that the acquisition of the Securities by the Subscriber does not trigger:
  
 A. any obligation to prepare and file a prospectus or similar document, or any other report with respect to such purchase in the International Jurisdiction, or
  
 B. any continuous disclosure reporting obligation of the Company in the International Jurisdiction, and
  
 	 
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 (o) the Subscriber will, if requested by the Company, deliver to the Company a certificate or opinion of local counsel from the International Jurisdiction which will confirm the matters referred to in subparagraphs (ii), (iii) and (iv) above to the satisfaction of the Company, acting reasonably
  
 (p) the Subscriber is not acquiring the Securities as a result of any form of general solicitation or general advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio, or television, or any seminar or meeting whose attendees have been invited by general solicitation or general advertising;
  
 (q) no person has made to the Subscriber any written or oral representations:
  
 (i) that any person will resell or repurchase any of the Securities;
  
 (ii) that any person will refund the purchase price of any of the Securities;
  
 (iii) as to the future price or value of any of the Securities; or
  
 (iv) that any of the Securities will be listed and posted for trading on any stock exchange or automated dealer quotation system or that application has been made to list and post any of the Securities of the Company on any stock exchange or automated dealer quotation system.
  
 6.2 In this Subscription Agreement, the term “U.S. Person” shall have the meaning ascribed thereto in Regulation S and for the purpose of the Subscription includes any person in the United States.
  
 7. Acknowledgement and Waiver
  
 7.1 The Subscriber has acknowledged that the decision to purchase the Securities was solely made on the basis of publicly available information. The Subscriber hereby waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages to which the Subscriber might be entitled in connection with the distribution of any of the Securities.
  
 8. Representations and Warranties will be Relied Upon by the Company
  
 8.1 The Subscriber acknowledges that the representations and warranties contained herein are made by it with the intention that they may be relied upon by the Company and its legal counsel in determining the Subscriber’s eligibility to purchase the Securities under applicable securities legislation, or (if applicable) the eligibility of others on whose behalf it is contracting hereunder to purchase the Securities under applicable securities legislation. The Subscriber further agrees that by accepting delivery of the certificates representing the Securities on the Closing Date, it will be representing and warranting that the representations and warranties contained herein are true and correct as at the Closing Date with the same force and effect as if they had been made by the Subscriber at the Closing Date and that they will survive the purchase by the Subscriber of the Securities and will continue in full force and effect notwithstanding any subsequent disposition by the Subscriber of such Shares.
  
 9. Resale Restrictions
  
 9.1 The Subscriber acknowledges that any resale of the Securities will be subject to resale restrictions contained in the securities legislation applicable to each Subscriber or proposed transferee as set forth in paragraph 6 of this Subscription Agreement. The Securities may not be offered or sold in the United States unless registered in accordance with federal securities laws and all applicable state securities laws or exemptions from such registration requirements are available.
  
 	 
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 10. Legending and Registration of Subject Securities
  
 10.1 The Subscriber hereby acknowledges that that upon the issuance thereof, and until such time as the same is no longer required under the applicable securities laws and regulations, the certificates representing any of the Securities will bear a legend in substantially the following form:
  
 If the Subscriber is a US person:
  
 	  
	 “NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE “SUBSCRIPTION AGREEMENT”) RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.”
	  

  
 10.2 The Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar and transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Subscription Agreement.
  
 11. Costs
  
 11.1 The Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements of any special counsel retained by the Subscriber) relating to the purchase of the Securities shall be borne by the Subscriber.
  
 12. Governing Law
  
 12.1 This Subscription Agreement is governed by the laws of the State of Nevada and the federal laws applicable therein. The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it is acting, irrevocably attorneys of the jurisdiction of the State of Nevada.
  
 13. Survival
  
 13.1 This Subscription Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the Securities by the Subscriber pursuant hereto.
  
 14. Assignment
  
 14.1 This Subscription Agreement is not transferable or assignable.
  
 15. Execution
  
 15.1 The Company shall be entitled to rely on delivery by facsimile machine of an executed copy of this Subscription Agreement and acceptance by the Company of such facsimile copy shall be equally effective to create a valid and binding agreement between the Subscriber and the Company in accordance with the terms hereof.
  
 16. Severability
  
 16.1 The invalidity or unenforceability of any particular provision of this Subscription Agreement shall not affect or limit the validity or enforceability of the remaining provisions of this Subscription Agreement.
  
 	 
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 17. Entire Agreement
  
 17.1 Except as expressly provided in this Subscription Agreement and in the agreements, instruments and other documents contemplated or provided for herein, this Subscription Agreement contains the entire agreement between the parties with respect to the sale of the Securities and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by statute or common law, by the Company or by anyone else.
  
 18. Notices
  
 18.1 All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted by any standard form of telecommunication. Notices to the Subscriber shall be directed to the address on page 2 and notices to the Company shall be directed to it at the first page of this Subscription Agreement.
  
 19. Counterparts
  
 19.1 This Subscription Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall constitute an original and all of which together shall constitute one instrument.
  
 20. Conversion
  
 20.1 The shares of Common Stock are issuable upon conversion of the Preferred Stock are subject to registration rights. The Company warrants to file an S-1 registration statement within 21 days following the closing of this offering., at which time Subscriber may convert the Series A preferred shares into common shares of the Company. The Company may after nine months from date of issuance redeem all or part of the Series A preferred shares that have not been converted, up to 9.9% of the outstanding common shares held by the subscriber, into common shares of the Company.
  
 	 
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 APPENDIX 1
  
 PROSPECTIVE INVESTOR SUITABILITY QUESTIONNAIRE
  
 All capitalized terms herein, unless otherwise defined, have the meanings ascribed thereto in the Subscription Agreement.
 This Questionnaire is for use by each Subscriber who is a US person (as that term is defined Regulation S of the United States Securities Act of 1933 (the “1933 Act”)) and has indicated an interest in purchasing Securities of NASCENT BIOTECH INC. (the “Company”). The purpose of this Questionnaire is to assure the Company that each Subscriber will meet the standards imposed by the 1933 Act and the appropriate exemptions of applicable state securities laws. The Company will rely on the information contained in this Questionnaire for the purposes of such determination. The Securities will not be registered under the 1933 Act in reliance upon the exemption from registration afforded by Section 3(b) and/or Section 4(6) of the 1933 Act. This Questionnaire is not an offer of shares or any other securities of the Company in any state other than those specifically authorized by the Company.
  
 All information contained in this Questionnaire will be treated as confidential. However, by signing and returning this Questionnaire, each Subscriber agrees that, if necessary, this Questionnaire may be presented to such parties as the Company deems appropriate to establish the availability, under the 1933 Act or applicable state securities law, of exemption from registration in connection with the sale of the Securities hereunder.
  
 The Subscriber covenants, represents and warrants to the Company that it satisfies one or more of the categories of “Accredited Investors”, as defined by Regulation D promulgated under the 1933 Act, as indicated below: (Please initial in the space provide those categories, if any, of an “Accredited Investor” which the Subscriber satisfies)
  
 	  
	  
	 Category 1
	 An organization described in Section 501(c)(3) of the United States Internal Revenue Code, a corporation, a Massachusetts or similar business trust or partnership, not formed for the specific purpose of acquiring the Securities, with total assets in excess of US $5,000,000;

	  
	  
	  
	  

	  
	  
	 Category 2
	 A natural person whose individual net worth, or joint net worth with that person’s spouse, on the date of purchase exceeds US $1,000,000, excluding the value of such person’s primary residence;

	  
	  
	  
	  

	  
	  
	 Category 3
	 A natural person who had an individual income in excess of US $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of US $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

  
 	 
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	 Category 4
	  A “bank” as defined under Section (3)(a)(2) of the 1933 Act or savings and loan association or other institution as defined in Section 3(a)(5)(A) of the 1933 Act acting in its individual or fiduciary capacity; a broker dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934 (United States); an insurance company as defined in Section 2(13) of the 1933 Act; an investment company registered under the Investment Company Act of 1940 (United States) or a business development company as defined in Section 2(a)(48) of such Act; a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958 (United States); a plan with total assets in excess of $5,000,000 established and maintained by a state, a political subdivision thereof, or an agency or instrumentality of a state or a political subdivision thereof, for the benefit of its employees; an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 (United States) whose investment decisions are made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, savings and loan association, insurance company or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000, or, if a self-directed plan, whose investment decisions are made solely by persons that are accredited investors;

	  
	  
	  
	  

	  
	  
	 Category 5
	 A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940 (United States);

	  
	  
	  
	  

	  
	  
	 Category 6
	 A director or executive officer of the Company;

	  
	  
	  
	  

	  
	  
	 Category 7
	 A trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Securities, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the 1933 Act;

	  
	  
	  
	  

	  
	  
	 Category 8
	 An entity in which all of the equity owners satisfy the requirements of one or more of the foregoing categories;

   
 Note that prospective Subscribers claiming to satisfy one of the above categories of Accredited Investor may be required to supply the Company with a balance sheet, prior years’ federal income tax returns or other appropriate documentation to verify and substantiate the Subscriber’s status as an Accredited Investor.
  
 If the Subscriber is an entity which initialled Category 8 in reliance upon the Accredited Investor categories above, state the name, address, total personal income from all sources for the previous calendar year, and the net worth (exclusive of home, home furnishings and personal automobiles) for each equity owner of the said entity: 
  
 	 
	13
	

	 

   
 The Subscriber hereby certifies that the information contained in this Questionnaire is complete and accurate and the Subscriber will notify the Company promptly of any change in any such information. If this Questionnaire is being completed on behalf of a corporation, partnership, trust or estate, the person executing on behalf of the Subscriber represents that it has the authority to execute and deliver this Questionnaire on behalf of such entity.
  
 IN WITNESS WHEREOF, the undersigned has executed this Questionnaire as of the _______ day of _________________, 2020.
  
 	 If a Corporation, Partnership or Other Entity:
	 If an Individual:

	  
 ______________________________________________
 Print of Type Name of Entity
  
 ______________________________________________
 Signature of Authorized Signatory
  
 ______________________________________________
 Type of Entity and Tax I.D. No.
	  
 _____________________________________________
 Signature
  
 _____________________________________________
 Print or Type Name
  
 _____________________________________________
 Social Security/Tax I.D. No.

  
 	 
	14
	

	 

  
 APPENDIX 2
  
 Subscription and Payment
  
 Nascent Biotech Inc.
  
 1) Fax Completed Subscription Agreement to scan and email to. Attention: Sean Carrick. seanpc@bellsouth.net
  
 2) Courier or Mail original, executed, Subscription Agreement to address below.
  
 3) Wire Funds: USD to NASCENT BIOTECH INC. See bank details below;
  
 4) Courier Payment along with the Original Subscription Form and Certified Check or Bank Draft in US Dollars for the full amount to:
  
 Nascent Biotech Inc.
  
 6330 Nancy Ridge Drive Suite 105
 San Diego, CA 92127
  
 Attention: Lowell Holden CFO
  
 Email: lowell.holden@nascentbiotech.com
   
 TO SEND A WIRE TO THE NASCENT BIOTECH INC. BANK ACCOUNT, YOU WILL NEED TO GIVE THE REMITTING BANK THE FOLLOWING INSTRUCTIONS:
  
 	 BENEFICIARY BANK: 
	  
	 WELLS FARGO 
 420 MONTGOMERY 
 SAN FRANCISCO, CA 94104

	  
	  
	  

	 ABA NUMBER: 
	  
	 121000248

	  
	  
	  

	 SWIFT CODE: 
	  
	 WFBIUS6S

	  
	  
	  

	 BENEFICIARY: 
	  
	 NASCENT BIOTECH INC.

	  
	  
	  

	 ACCOUNT NUMBER:
	  
	  6744814747

  
 	 
	15EX-10.17

 Exhibit 10.17 

CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF
PUBLICLY DISCLOSED. THE OMITTED PORTIONS OF THIS DOCUMENT ARE INDICATED BY [***]. 
 SECOND AMENDED & RESTATED LANDFILL GAS
RIGHTS 
 & PRODUCTION FACILITIES AGREEMENT 

Frank R. Bowerman Landfill 

Contract / Folder Number: [***] 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.1
	 	DEFINITIONS	  	 	2	 
	 1.2
	 	RIGHTS GRANTED TO BOWERMAN POWER	  	 	8	 
	 1.3
	 	TERM	  	 	10	 
	 1.4
	 	COMPENSATION TO COUNTY	  	 	10	 
	 1.5
	 	PERMITS	  	 	12	 
	 1.6
	 	RIGHTS TO LANDFILL GAS	  	 	12	 
	 1.7
	 	COMPLIANCE WITH LANDFILL OPERATING REQUIREMENTS	  	 	13	 
	 1.8
	 	CONSTRUCTION OF CONVERSION SYSTEM	  	 	15	 
	 1.9
	 	COLLECTION SYSTEM AND FLARE FACILITY	  	 	17	 
	 1.10
	 	O&M OF THE COLLECTION AND CONVERSION SYSTEMS	  	 	19	 
	 1.11
	 	O&M OF FLARE FACILITY AND CONDENSATE SYSTEM	  	 	19	 
	 1.12
	 	DUTIES OF BOWERMAN POWER	  	 	20	 
	 1.13
	 	COMBUSTION CONTROL	  	 	24	 
	 1.14
	 	TERMINATION RIGHTS	  	 	25	 
	 1.15
	 	SURRENDER OF POSSESSION	  	 	27	 
	 1.16
	 	ASSIGNMENTS	  	 	28	 
	 1.17
	 	REGULATION OF BOWERMAN POWER	  	 	31	 
	 1.18
	 	SURVIVAL	  	 	31	 
	 1.19
	 	NOTICES	  	 	31	 
	 2.1
	 	SUBLEASES	  	 	32	 
	 2.2
	 	PROCEDURE FOR PAYMENT OF COMPENSATION TO COUNTY	  	 	32	 
	 2.3
	 	CHARGE FOR LATE PAYMENT	  	 	32	 
	 2.4
	 	RECORDS AND ACCOUNTS	  	 	33	 
	 2.5
	 	SECURITY DEPOSIT	  	 	34	 
	 2.6
	 	ASSURANCE REGARDING CONSTRUCTION COMPLETION	  	 	35	 
	 2.7
	 	MECHANIC’S LIENS OR STOP NOTICES	  	 	35	 
	 2.8
	 	OWNERSHIP OF IMPROVEMENTS	  	 	36	 
	 2.9
	 	UTILITIES	  	 	36	 
	 2.10
	 	WATER	  	 	36	 
	 2.11
	 	DAMAGE, DESTRUCTION OR CONDEMNATION OF IMPROVEMENTS	  	 	37	 
	 2.12
	 	INSURANCE	  	 	37	 
	 2.13
	 	INDEMNIFICATION	  	 	40	 
	 2.14
	 	FORCE MAJEURE	  	 	42	 
	 2.15
	 	RECORDING	  	 	43	 
	 2.16
	 	AUTHORITY	  	 	43	 
	 2.17
	 	LANDFILL CONDITIONS	  	 	44	 
	 2.18
	 	RESERVATIONS TO COUNTY	  	 	44	 
	 2.19
	 	DISPOSITION OF ABANDONED PERSONAL PROPERTY	  	 	45	 
	 2.20
	 	PUBLIC RECORDS	  	 	45	 
	 2.21
	 	NONDISCRIMINATION	  	 	45	 
	 2.22
	 	INSPECTION	  	 	45	 
	 2.23
	 	TAXES AND ASSESSMENTS	  	 	46	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 2.24
	 	SIGNS	  	 	46	 
	 2.25
	 	PERMITS AND LICENSES	  	 	46	 
	 2.26
	 	COOPERATING IN OBTAINING AUTHORIZATION	  	 	46	 
	 2.27
	 	AGREEMENT ORGANIZATION	  	 	46	 
	 2.28
	 	AMENDMENTS AND INTERPRETATION	  	 	47	 
	 2.29
	 	CONTROLLING LAW	  	 	47	 
	 2.30
	 	RELATIONSHIP OF PARTIES	  	 	47	 
	 2.31
	 	ATTORNEYS’ FEES	  	 	47	 
	 2.32
	 	COVENANTS AND CONDITIONS	  	 	47	 
	 2.33
	 	DISPOSAL OF LANDFILL MATTER	  	 	48	 
	 2.34
	 	LIMIT OF LIABILITY	  	 	48	 
	 2.35
	 	DAYS	  	 	48	 
	 2.36
	 	AUTHORITY	  	 	48	 
	 2.37
	 	SUCCESSORS IN INTEREST	  	 	48	 
	 2.38
	 	ENTIRE AGREEMENT; SEVERABILITY	  	 	49	 
	 2.39
	 	TIME	  	 	49	 
	 2.40
	 	OBLIGATIONS CONTINGENT ON APPROPRIATIONS	  	 	49	 
	 2.41
	 	SUSTAINABILITY	  	 	49	 
	 2.42
	 	DOCUMENT CONTROL / PRESS RELEASES / DATA OWNERSHIP	  	 	50	 
	 2.43
	 	ATTACHMENTS TO AGREEMENT	  	 	51	 

  

			
	EXHIBIT A	  	DESCRIPTION OF LANDFILL
	EXHIBIT B	  	DESCRIPTION OF SITE OR PLAT MAP
	EXHIBIT C-1	  	FLARE FACILITY O&M
	EXHIBIT C-2	  	CONDENSATE SYSTEM O&M
	EXHIBIT C-3	  	COLLECTION SYSTEM O&M
	EXHIBIT C-4	  	OWNERSHIP DEMARCATION POINT
	EXHIBIT C-5	  	MAP OF COLLECTION SYSTEM
	EXHIBIT D	  	DESCRIPTION OF THE CONVERSION SYSTEM
	EXHIBIT F	  	QUITCLAIM BILL OF SALE
	EXHIBIT G	  	LANDFILL GAS GENERATION RATE TABLE

  

  
 ii 

 SECOND AMENDED & RESTATED LANDFILL GAS RIGHTS 

& PRODUCTION FACILITIES AGREEMENT 

For Frank R. Bowerman Landfill 
 THIS
SECOND AMENDED & RESTATED LANDFILL GAS RIGHTS & PRODUCTION FACILITIES AGREEMENT, hereinafter referred to as “Agreement,” is made as of November 17, 2011 by and between COUNTY OF
ORANGE, hereinafter referred to as “COUNTY,” and Bowerman Power LFG, LLC, a Delaware limited liability company, hereinafter referred to as “BOWERMAN POWER” without regard to number and gender. 

RECITALS 
  

	I.	 COUNTY and GSF Energy, LLC (“GSF”) entered into an Amended and Restated Gas Rights and Production
Facilities Agreement (“Original Agreement”) dated December 8, 1998 granting GSF the rights to all Landfill Gas and/or constituent products produced and recovered from the Landfill and creating an integrated Landfill Gas recovery
program at the Landfill that would more efficiently utilize the energy potential of the Landfill Gas and would also include a Landfill Gas Flare Facility required to comply with regulations and to protect public health and safety all as further
provided for in the Original Agreement. 

  

	II.	 COUNTY and GSF entered into Amendment No. 1 to Amended and Restated Landfill Gas Rights and Production
Facilities Agreement dated June 8, 2004 pursuant to which GSF agreed to construct a fifth (5th) Flare Facility, with the cost thereof being shared by COUNTY and GSF. 

 

	III.	 BOWERMAN POWER, a wholly owned subsidiary of GSF, intends to develop an electric generation project at the
Landfill and intends to enter into an Energy Agreement to sell electric energy and certain related products to one or more parties generated by the Conversion System (defined below) located at the Landfill 

 

	IV.	 GSF requests the COUNTY’S consent to assign all of GSF’s rights and obligations under the Original
Agreement, as amended, to BOWERMAN POWER by virtue of having BOWERMAN POWER execute this Second Amended and Restated Landfill Gas Rights and Production Facilities Agreement. The COUNTY agrees herein to provide such consent. 

 

	V.	 COUNTY and BOWERMAN POWER now desire to enter into this Second Amended & Restated Landfill Gas
Rights & Production Facilities Agreement in order to give effect to the intentions of the parties set forth herein. 

 NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

  
 1 

 AGREEMENT 

1.1 DEFINITIONS 
 The following words in this Agreement
have the significance attached to them in this clause unless otherwise apparent from context: 
 “Affiliate” shall mean, with
respect to any person or entity, any other person or entity: (a) directly or indirectly controlling, controlled by, or under common control with, such person or entity; (b) directly or indirectly owning or holding or receiving any equity
interest or other equity benefit in such person or entity in excess of fifty percent (50%); or (c) in which such person or entity directly or indirectly controls any voting stock or other equity interest in excess of fifty percent (50%). For
purposes of this definition, “control” (including with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”) means the possession directly or indirectly of the power
to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract or otherwise. 

“Applicable Law” shall mean all federal, state and local statutes, judicial decisions, ordinances, regulations, rules, permits, orders
and notices having jurisdiction over the Landfill, the Site, the Conversion System, the creation and sale of Covered Products and Flare Products. 

“Assignment Fee” shall have the meaning set forth in Section 1.16(c) of this Agreement. 

“Auditor-Controller” shall mean the Auditor-Controller, County of Orange or upon written notice to BOWERMAN POWER, the
Auditor-Controller’s designee. 
 “Bond Documents” shall mean (a) the Lease dated as of November 1, 1997 by and
between COUNTY and the County of Orange Public Financing Authority (“Authority”) recorded in the County of Orange, California on November 26, 1997; (b) the Sublease dated as of November 1, 1997 between the Orange Public
Financing Authority and COUNTY recorded in the County of Orange, California on November 26, 1997; and (c) the Trust Agreement dated as of November 1, 1997 between the Orange County Public Financing Authority and First Trust of
California, National Association, as Trustee.” 
 “BOWERMAN POWER” shall mean Bowerman Power LFG, LLC, a Delaware limited
liability company, a wholly owned subsidiary of GSF, and any respective successor thereto or permitted assign thereof under this Agreement. 

“BOWERMAN POWER’S System Maintenance Manual” shall mean a manual of general and technical “how to” procedures
(including communication procedures and methods between the parties), materials, specifications, “as-built” plans (COUNTY to supply as-built drawings for
systems installed by the COUNTY), and other data set forth for the maintenance, repair, replacement, and expansion of the Collection System, Condensate System and Flare Facilities and, when applicable, the Collection Instrumentation and Control
System at the Landfill prepared by BOWERMAN POWER or its engineering consultants in consultation with COUNTY. None of the material in BOWERMAN POWER’S System Maintenance Manual is Proprietary Information. 

“CEQA” shall mean the California Environmental Quality Act, as the same may be amended from time to time. OC Waste &
Recycling is the lead agency under CEQA. 

  
 2 

 “Collection Instrumentation and Control System” shall mean all of BOWERMAN
POWER’s equipment (including, without limitation, monitoring equipment, flow measurement elements, valves, pressure sensors, Landfill Gas probes, and Landfill Gas composition measurement instruments), computer hardware and software, and other know-how and technology necessary to collect, process, or flare the Landfill Gas. 
 “Collection
System” shall mean COUNTY’S network of Landfill Gas collection wells, interconnecting pipes, valves, monitoring equipment, and any additional Landfill Gas extraction equipment installed on the Landfill from time to time and used
for the purpose of the extraction, collection, processing, and transportation of Landfill Gas on the Landfill, including but not limited to any expansions of that system as described in Exhibit C-3 and
Exhibit C-5 attached hereto. The use of “Collection System” under this Agreement is not intended to be consistent with the use of that term under the United States Internal Revenue Code. 

“Commercial Operation Date” shall mean the first date on which the Conversion System makes commercial deliveries of electric power
pursuant to the Energy Agreement(s). 
 “Commercial Quantities” shall mean amounts of Landfill Gas deemed by BOWERMAN POWER in its
sole judgment, to be sufficient to pay for all costs of the Conversion System, including initial and on-going capital costs and all operations and maintenance expenses associated with the Existing Facilities
or Conversion System, plus a reasonable profit. 
 “Commercially Reasonable” shall mean those practices, methods, acts and standards
that (a) are commonly used by a prudent person or entity in the same business as COUNTY or BOWERMAN POWER, as applicable, in a comparable situation and, (b) in the exercise of reasonable judgment, considering the facts known when engaged
in, could have been expected to reach the expected result to the extent such result and the efforts required to attain such result are consistent with Applicable Law, safety, reliability, efficiency, expediency and economy. “Commercially
Reasonable” shall not be limited to the optimum practices, methods, acts or standards, but rather shall encompass a spectrum of possible practices, methods, acts or standards. 

“Condensate” shall mean those certain vapors condensed during any collecting, transporting, and processing of Landfill Gas that form a
liquid and will be drawn from the Landfill as part of any Landfill Gas collecting, transporting, and processing operation. 
 “Condensate
System” shall mean the Condensate collection and disposal system and all equipment used in connection with such system as described in Exhibit C-2 attached hereto. Portions of the
Condensate System are owned by COUNTY, and portions of the Condensate System are owned by BOWERMAN POWER, as described in Exhibit C-2 and Exhibit C-4. 

“Conversion System” shall mean all of the equipment needed to convert Landfill Gas into any Covered Product, which equipment is owned
by or under contract to BOWERMAN POWER and is located at the Landfill and is not part of the Collection System which is more fully described in Exhibit D attached herein and made a part hereof. 

“Cost Index” shall mean the annual adjustment in proportion to changes in the Consumer Price Index for Los
Angeles—Riverside—Orange County (All Urban Consumers—-All Items) promulgated by the Bureau of Labor Statistics of the U.S. Department of Labor. The adjustment shall be effective on January 1st of each calendar year following the 1st anniversary of the Effective Date. In the event that the Consumer Price Index is not issued or published,
or in the event that the Bureau of Labor Statistics of the U.S. Department of Labor should cease to publish said index figures, then any similar index published by any other branch or department of the U.S. Government shall be used and if none is so
published, then another index generally recognized and authoritative shall be substituted by mutual agreement between COUNTY and BOWERMAN POWER. 

  
 3 

 In the case of Section 1.9(e), Major Maintenance reimbursement, the Cost Index shall be calculated by
means of the following formula: 
 A = $[***] * B/C 

A = Adjusted payment 
 B = Monthly
index. September will be the index used 
 C = Monthly index for the month in which the Agreement became effective 

Notwithstanding the foregoing, in no event shall the Major Maintenance reimbursement be reduced by reason of any such adjustment to less than $[***]. 

“COUNTY” shall mean the County of Orange, a political subdivision of the State of California. 

“Covered Products” shall mean all of the useful output of the Collection System, the Condensate System and the Conversion System,
whenever and however created, including without limitation the Landfill Gas and all electrical energy, capacity, reserves, renewable energy credits, greenhouse gas emission reduction credits and any other environmental or other attribute relating to
the generation of “clean” or renewable power or the collection, processing or destruction of Landfill Gas by the Collection System, the Condensate System or the Conversion System, under any voluntary or mandatory market or other
association, program or organization, whether governmental, quasi-governmental or non-governmental. Covered Products include, without limitation, credits, allowances, offsets, subsidies or incentives and all
certificates, records and other evidences thereof; provided, however that Covered Products shall not include (i) federal, state or local tax credits, depreciation allowances or other incentives that may be claimed by BOWERMAN POWER or
its Affiliates on its tax returns, (ii) electric energy consumed by BOWERMAN POWER within the confines of the Site for auxiliary use, (iii) Excess Gas and Energy recovered exclusively from Excess Gas or (iv) any Flare Products. As
between COUNTY and BOWERMAN POWER, the Covered Products shall at all times remain the property of BOWERMAN POWER, and only BOWERMAN POWER shall be able to sell or otherwise convey or transfer any Covered Products. 

“Customer” shall mean any entity or other person to which any Covered Products or Flare Products are sold. 

“Director of OC WASTE & RECYCLING” shall mean the Director, OC Waste & Recycling of the County of
Orange, or upon written notice to BOWERMAN POWER, Director of OC WASTE & RECYCLING designee. 
 “Early Termination Penalty”
shall have the meaning set forth in Section 2.5 of this Agreement. 
 “Effective Date” shall mean the date on which this
Agreement is approved by the Orange County Board of Supervisors. 
 “Energy” shall mean Landfill Gas, or any energy derived
therefrom, including but not limited to electrical or thermal energy, that can be measured in KWH or BTUs. 

  
 4 

 “Energy Agreement” shall mean any agreement that BOWERMAN POWER enters (or has
entered) into with a Customer pursuant to which BOWERMAN POWER receives compensation for Covered Products. 
 “Equipment Bond” shall
have the meaning set forth in Section 2.6(a) of this Agreement. 
 “Excess Gas” shall mean that quantity of Landfill Gas that
is not used or consumed by BOWERMAN POWER in (i) the production of Covered Products by the Conversion System or (ii) the process of recovery and destruction of Landfill Gas. The quantity of Landfill Gas collected by BOWERMAN POWER in
excess of the needs of the Conversion System or any planned Conversion System expansion which is destroyed in the Flares, can by mutual agreement of the parties, be declared Excess Gas. 

“Existing Facilities” shall mean all facilities, activities and efforts existing on the Effective Date and associated with the
collection, utilization, processing or destruction of Landfill Gas. They shall include, but not be limited to, the existing Collection System, Collection Instrumentation and Control System, Flare Facility, and associated equipment. 

“Flare” shall mean a flare meeting the then applicable requirements for the destruction of Landfill Gas which is configured and
equipped consistently with the flares at the Landfill on the Effective Date or equal as approved by the Director of OC WASTE & RECYCLING. 

“Flare Facility” shall mean the Flares and all equipment used in connection with the Flare as described in Exhibit C-l attached hereto. 
 “Flare Products” shall mean all of the useful output of the Flare Facility
as described in Section 1.11(a), whenever and however created, including without limitation all environmental or other attributes produced or processed by or relating to the Flare Facility together with any credits, certificates, offsets,
records and other evidences thereof; and any Flare Products created prior to the Effective Date to the extent such Flare Products continue to exist on the Effective Date, and any Flare Products created after the Effective Date ; provided, however,
that Flare Products shall not include federal, state or local tax credits, depreciation allowances or other incentives that may be claimed by BOWERMAN POWER or its Affiliates on its tax returns. As between COUNTY and BOWERMAN POWER, the Flare
Products shall at all times remain the property of BOWERMAN POWER and only BOWERMAN POWER shall be able to sell or otherwise convey or transfer any Flare Products. 

“Flare Revenue” shall mean any revenues received from the sale by BOWERMAN POWER or any sublessee or assign or the COUNTY or any
assign of Flare Products to a Customer. To the extent that, notwithstanding BOWERMAN POWER’S ownership of all Flare Products, COUNTY receives any Flare Revenue, COUNTY shall hold such Flare Revenue in trust for the benefit of BOWERMAN POWER and
shall promptly deliver such Flare Revenue to BOWERMAN POWER in the form received by COUNTY. 
 “FORCE MAJEURE” shall have the
meaning set forth in Section 2.14 of this Agreement. 
 “GAAP” shall mean generally accepted accounting principles established
by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants. 
 “Gross Revenue” shall mean
any revenues, monies, receipts and credits of things of a monetary value of whatever kind or nature received by BOWERMAN POWER from Covered Products or any use of the Site. 

  
 5 

 
Such revenues shall be decreased by costs assessed by the owners or operators of the transmission or delivery facilities, including without limitation wheeling, transmission, interconnection,
wheeling related facility fees, transportation or competitive transition costs incurred in the receipt of revenues and any transportation taxes and fees imposed or approved by governmental or quasi-governmental entities. 

“GSF” shall mean GSF Energy, LLC, a Delaware limited liability company, parent company of BOWERMAN POWER, and any successor thereto or
permitted assign thereof under this Agreement. 
 “Habitat” shall mean native plants and animals that are considered sensitive by
the U.S. Fish and Wildlife Service, California Department of Fish and Game, the Nature Reserve of Orange County or other applicable agency that requires permission, permits and or implementation of mitigation prior to disturbance. 

“Hazardous Material” shall mean any hazardous or toxic substance, material or waste which is or becomes regulated by any governmental
authority, whether local, state, or federal. The term Hazardous Material includes, without limitation, any material or substance that is: 
  

	 	(a)	 designated as a “hazardous substance” pursuant to Section 311 of the Federal Water Pollution
Control Act (33 U.S.C. Section 1251, et seq); 

  

	 	(b)	 defined as a “hazardous waste” pursuant to Section 1004 of the Resource Conservation and
Recovery Act of 1976, 42 U.S.C. Section 6903, et seq.; 

  

	 	(c)	 defined as a “hazardous waste” pursuant to California Code of Regulations Title 22, Division 4.5,
Chapter 11, Article 3, Section 66261.20; 

  

	 	(d)	 defined as a “hazardous substance” pursuant to Section 101 of the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, 42 U.S.C. Section 9601, et seq. (42 U.S.C. Section 9601); or 

  

	 	(e)	 defined by any Applicable Law replacing the above. 

“High BTU Natural Gas” shall mean processed Landfill Gas with a HHV BTU factor of 950 or greater. 

“High Heating Value (“HHV”)” shall mean the amount of heat released by a specified quantity (initially at
25°C) once it is combusted and the products have returned to a temperature of 25°C. (HHV; also known as the gross calorific value or gross energy). 

“Landfill” shall mean the real property located in Orange County, California, and commonly known collectively as the Frank R. Bowerman
Landfill, which is more particularly described on Exhibit A attached hereto, and any permitted expansions thereof, whether occurring currently or in the future during the term of this Agreement. 

“Landfill Gas” shall mean the mixture of methane, carbon dioxide and other trace components generated at the Landfill from the
anaerobic digestion by methanogenic bacteria of refuse and other wastes deposited in the Landfill. 
 “Landfill Gas Generation Rate
Table” shall mean the document set forth in Exhibit G and any subsequent revisions. 

  
 6 

 “LNG” shall mean liquefied natural gas. 

“Lower Heating Value (“LHV”)” shall mean the net or lower heating value as obtained by subtracting the latent
heat of vaporization of the water vapor formed by the combustion from the gross or higher heating value. 
 “Major Maintenance”
shall mean those activities described as Major Maintenance in Exhibits C-l, C-2 and C-3 attached hereto. 

“Market Price” shall mean the price at which BOWERMAN POWER or its Affiliate, acting in a Commercially Reasonable manner, sells, could
sell, or enters into a long-term agreement to sell, the Covered Products in an arm’s length transaction. In the case of long-term agreements, the Market Price will be determined with reference to the prevailing market price for agreements of
comparable duration and terms, as of the time such agreement is entered into. The Market Price for Covered Products shall be established by BOWERMAN POWER based on data available to them from public sources for similar transactions, and, absent
manifest error, the Market Price so established by BOWERMAN POWER shall be binding for purposes of this Agreement. BOWERMAN POWER will provide COUNTY with written documentation with the quarterly statements as required in Section 1.4 of its
determination of the Market Price for transactions lasting for one quarter or shorter. For transactions lasting longer than one quarter, said written documentation will be provided with the statement for the quarter when the transaction is entered
into. 
 “Migration” shall mean the subsurface movement of Landfill Gas. 

“MMBTU/hr” shall mean million British Thermal Units per hour. 

“Montauk” shall mean Montauk Energy Holdings, LLC, a Delaware limited liability company and indirect parent company of GSF and any
successor thereto or permitted assign thereof under this Agreement. 
 “Natural Gas” shall mean methane rich gas typically provided
by Southern California Gas Company but excluding Landfill Gas. 
 “Proprietary Information” shall mean trade secrets developed by
BOWERMAN POWER that are not publicly available, the dissemination of which could have an adverse effect on BOWERMAN POWER’S competitive position in the Landfill Gas market, electric power market or other market, which information is not
reasonably necessary for operation and maintenance of the Collection Instrumentation and Control System and/or the Condensate System and other equipment necessary to comply with Applicable Law. Notwithstanding the previous sentence, Proprietary
Information shall not include the Market Price, development of the Market Price and any other material, data or information which BOWERMAN POWER is required to provide the COUNTY under this Agreement. 

“Routine Flare Facility and Condensate System Operation and Maintenance” shall mean routine activities performed by BOWERMAN POWER
technicians and operators to operate and maintain the Flare Facility and the Condensate System, to allow the equipment to perform at rated capacity, and to allow equipment to meet or exceed designed service life. Routine Flare Facility and
Condensate System Operation and Maintenance activities include, but are not limited to those listed in Exhibit C-l and C-2 attached hereto. 

“SCAQMD” shall mean the South Coast Air Quality Management District. 

  
 7 

 “Site” shall mean that certain property shown on Exhibit B attached hereto as
may be amended by the mutual agreement of COUNTY and BOWERMAN POWER. 
 “Term” shall have the meaning set forth in
Section 1.3(a) of this Agreement. 
 “Utility Interface” shall mean the metering facilities, conduit, power transmission lines,
valves, electrical substations and any other equipment necessary to interconnect the Conversion System or systems with the transmission lines or other facilities needed to transport the Covered Products to the Customer. 

1.2 RIGHTS GRANTED TO BOWERMAN POWER 
 (a)
COUNTY hereby grants to BOWERMAN POWER the exclusive right to use the Collection System. 
 (b) COUNTY hereby grants to BOWERMAN POWER the
title to and the exclusive right, except as described in Section 1.6 (c), to utilize all Landfill Gas produced at the Landfill to generate Covered Products and Flare Products for sale, including sales from the Conversion System as described in
Exhibit D and the Flare Facility as described in Exhibit C-l. 
 (c) COUNTY hereby
licenses to BOWERMAN POWER and BOWERMAN POWER accepts from COUNTY the non-exclusive right to utilize the Site provided, however, that the parties acknowledge that BOWERMAN POWER has exclusive rights, unless
waived by BOWERMAN POWER, to utilize the Site with respect to the conversion of Landfill Gas and the creation and sale of Covered Products and Flare Products unless otherwise required by Applicable Law. The exact location of the Site is depicted on
the drawing incorporated into this Agreement as Exhibit B, as the same may be amended from time to time as mutually agreed by the COUNTY and BOWERMAN POWER. Minor changes, modifications or adjustments to Exhibit B, to accommodate
connections for utilities in support of the Conversion Facility, may be proposed from time to time by written request of BOWERMAN POWER to the COUNTY. For a period not to exceed five (5) years from the date this Agreement is approved by the
Board of Supervisors, said request(s) may be approved or denied, at the sole discretion of the Director of OC WASTE & RECYCLING. 
 Such license
shall not be revocable by COUNTY except as specifically provided in this Agreement. During the term of this Agreement, BOWERMAN POWER shall have a continuous right of access to the Site sufficient for BOWERMAN POWER to conduct all the activities
contemplated by this Agreement. Such access shall be at locations that are reasonably determined by the Director of OC WASTE & RECYCLING after consultation with BOWERMAN POWER. In determining the location of BOWERMAN POWER’S access,
the Director of OC WASTE & RECYCLING shall first consider any conflict with COUNTY’S operation of the Landfill, and then the convenience to BOWERMAN POWER. In no event shall COUNTY change the access location without thirty
(30) days’ prior written notice to BOWERMAN POWER. Any costs incurred by BOWERMAN POWER relating to the change in such access shall be reimbursed in full by COUNTY to the extent that such costs are incurred for materials and installation
of new access roads, entry ways, parking areas, relocation of new lighting fixtures, fences, gates, pipelines, power lines, sewer lines or other utility services, safety items (including without limitation safety barriers and fire access lanes) and
other similar costs reasonably necessary to provide or restore access equivalent to the original, unless the change was at BOWERMAN POWER’S request. 

  
 8 

 (d) If during the Term of this Agreement the Site becomes unsuitable for the effective
operation of the Conversion System and Flare Facility, then an alternative site suitable for construction and of similar size will be selected by the Director of OC WASTE & RECYCLING which if acceptable to BOWERMAN POWER will replace the
original Site and this alternate site will then become the Site for the purposes of this Agreement. BOWERMAN POWER’S acceptance thereof will not be unreasonably withheld. 
  

	 	(i)	 If BOWERMAN POWER requests relocation of the Conversion System to an alternate site as set forth in this
Section 1.2(d), BOWERMAN POWER shall pay all costs and expenses related to such relocation. 

  

	 	(ii)	 If the COUNTY requests relocation of the Conversion System to an alternate site as set forth in this
Section 1.2(d), COUNTY shall pay all reasonable costs and expenses related to such relocation, except as limited by Section 2.34 

  

	 	(iii)	 The COUNTY acknowledges BOWERMAN POWER’S needs to occupy the Site for a [***] period, commencing on the
Commercial Operations Date of the Conversion System, and will use Commercially Reasonable efforts to maintain such time period consistent with COUNTY Landfill operations (as defined by the then current COUNTY Landfill Master Plan Soil/Airspace
Management Plan (“Master Plan”)) but in no event shall the COUNTY be obliged to incur additional costs or expenses to maintain this [***] period other than the obligations related to payment of relocation costs as set forth in this
Section 1.2(d). Commencing in 2020, the parties agree to meet on at least an annual basis to discuss the status of projected waste volumes and issues or concerns related to the potential Conversion System relocation. The COUNTY shall provide
BOWERMAN POWER a copy of any updated Master Plan within ninety (90) days of said update. 

  

	 	(iv)	 In the event the COUNTY requests re-location of the Site prior the
expiration of the [***] period from the Commercial Operation Date or [***], whichever occurs first, the following will occur for the period of time it takes for removal and reinstallation of the Conversion System, except this time period shall not
exceed [***] unless approved by the Director of OC WASTE & RECYCLING in writing: 

  

	 	(1)	 the minimum annual royalty requirements as per Section 1.4(v) will be suspended, and

  

	 	(2)	 the time table in Section 1.4(v) will be extended, and 

 

	 	(3)	 the Term shall automatically be extended 

(e) In addition to any existing easements, COUNTY agrees to grant such reasonably required rights of way, licenses and easements as approved by
the Director of OC WASTE & RECYCLING within the Landfill boundary consistent with the COUNTY’S landfill operations as may be necessary for BOWERMAN POWER to exercise its rights under this Agreement. 

(f) The rights granted under this Agreement shall not be deemed to lease or grant rights of any kind to any oil and gas rights, also known as
“mineral rights”, under or around the Landfill. 

  
 9 

 1.3 TERM 

(a) Subject to the termination provisions contained elsewhere in this Agreement, the Term of this Agreement shall commence on the Effective
Date and run for a period of [***] from the Commercial Operation Date of the Conversion System (the “Term”). The Term of this Agreement may be extended [***] by the COUNTY if 1) BOWERMAN POWER submits written notice not less than one
(1) year in advance of the scheduled termination date and 2) BOWERMAN POWER is continuing to productively use the Landfill Gas to produce Covered Products for sale and 3) BOWERMAN POWER agrees to relocate the Site at the sole expense
of BOWERMAN POWER to an alternate location which location is agreed to by each party at such point in time that the current Site is needed by the COUNTY for landfill operations during the requested extension period(s). 

(b) In the event that, on or before [***] there is no Commercial Operation Date then this Agreement may terminate on [***] at the option of the
Director of OC Waste & Recycling. This Agreement shall terminate if there is no Commercial Operation Date by [***]. 
 (c)
Notwithstanding (b) above, in the event that any applicable legislative or regulatory changes or pending litigation involving the SCAQMD allocation of air emissions offset credits from the SCAQMD Priority Reserve occurs on or before the date
the County Board of Supervisors approves this Agreement, thus resulting in the substantial delay, moratorium or termination of the processing of any applicable SCAQMD permit required to be obtained by BOWERMAN POWER or the inability of BOWERMAN
POWER to receive air emission offset credits from the Priority Reserve at no cost, upon the written request of BOWERMAN POWER, the Director of OC Waste & Recycling may consent to extend the dates set forth in Sections 1.3(b) and 1.4(v) of
this Agreement for a period of time equal to the number of months from execution of this Agreement until the Priority Reserve issue is resolved such that BOWERMAN POWER will have access to air emission offset credits at no cost to BOWERMAN POWER.
Such consent will not be unreasonably withheld. In the event said legislative or regulatory changes or lawsuit(s) result in a permanent elimination or reduction of the offsets available to BOWERMAN POWER or result in BOWERMAN POWER having to pay for
any air emission offset credits, BOWERMAN POWER may terminate this Agreement upon thirty (30) days written notice to the COUNTY. 
 1.4 COMPENSATION
TO COUNTY 
 BOWERMAN POWER shall submit to COUNTY by the end of each month following each calendar quarter (April 30, July 31, October 31 and
January 31) a statement of Gross Revenue and Flare Revenue received by BOWERMAN POWER for that calendar quarter certified by a company officer designated by BOWERMAN POWER. If BOWERMAN POWER provides Covered Products to any Customer other than the
COUNTY that statement shall also include the Market Price for that calendar quarter. BOWERMAN POWER shall include, with each quarterly statement, the royalty payment for that quarter according to the following: 

 

	 	(i)	 If BOWERMAN POWER provides or sells Covered Products to (x) itself, (y) any subsidiary, Affiliate, or
partner or (z) any other Customer except COUNTY at less than the Market Price during that calendar quarter, BOWERMAN POWER shall pay a royalty to COUNTY for those Covered Products of [***]% of Gross Revenue for that calendar quarter calculated
as if the Covered Products had been sold during the same period at that Market Price). 

  
 10 

	 	(ii)	 If BOWERMAN POWER sells Covered Products to (1) COUNTY, or (2) any other customer at or above the
Market Price during that calendar quarter, the royalty for those Covered Products shall be calculated at [***]% of the Gross Revenue for that calendar quarter. 

 

	 	(iii)	 For all sales of Flare Products, BOWERMAN POWER shall pay to COUNTY a royalty of [***]% of Flare Revenue
received by BOWERMAN POWER (including without limitation any Flare Revenues received from COUNTY) for that calendar quarter. 

  

	 	(iv)	 In the event that BOWERMAN POWER utilizes the Landfill Gas to produce High BTU Natural Gas or LNG, the parties
will negotiate, in good faith, the royalty rate applicable to sales of such High BTU Natural Gas or LNG. 

  

	 	(v)	 Beginning on the Commercial Operation Date, but not later than January 1, 2014, the annual royalty payable
to COUNTY for each calendar year will not be less than the amount shown in the table below as long as the annual average Landfill Gas available to the Conversion System and the Flare Facility during any such calendar year is not less than [***]
MMBTU/hr (Lower Heating Value). If the Commercial Operation Date occurs prior to January 1, 2014, the minimum annual royalty will be subject to pro rata reduction based on the number of calendar months the Conversion System operated in that
calendar year. If the Conversion System ceases operation on any day prior to December 31 in the final year of operation, the minimum annual royalty will be subject to pro rata reduction based on the number of calendar months the Conversion
System operated in that calendar year. 

  

					
	 Years 1-5 following COD or January 1, 2014
	  	$	[	***] 
	 Years 6-10 following COD or January 1, 2014
	  	$	[	***] 
	 Years 11-15 following COD or January 1, 2014
	  	$	[	***] 
	 Each year thereafter
	  	$	[	***] 

 For clarification, the minimum annual royalty is to be calculated and paid as follows: Each quarter the royalty
payment is to be calculated as set forth above. After the fourth quarter royalty payment is calculated, the minimum annual royalty due for any given year except the last year of operation of the Conversion System would be the greater of:
(1) the royalty as calculated per Section 1.4(i) and 1.4(ii) or (2) the minimum annual royalty amount in the above table. The minimum annual royalty payment is due with the fourth quarter payment of each year. Prepayment of the amount
due is allowable. Royalties paid pursuant to the sales of Flare Products as per Section 1.4(iii) or LNG Section 1.4(iv) are not applicable towards the calculation to meet the minimum annual royalty. 

 

	 	(vi)	 All sales of Covered Products shall be consistent with Applicable Law. 

 

	 	(vii)	 In the event BOWERMAN POWER is able to benefit from any federal or State of California law, regulation, policy,
grant, stimulus or similar program, and or rental agreement such as a cellular tower which results in the receipt of unanticipated monies (found money) to BOWERMAN POWER, the parties agree to negotiate in good faith any additional royalty or other
payment to be made to the COUNTY as a result of the receipt of found monies. BOWERMAN POWER agrees to notify the County within ninety (90) days of receipt of said “found money”. 

  
 11 

 1.5 PERMITS 

(a) Any and all environmental permits, and/or CEQA, planning approvals or other permits and/or approvals required to construct, operate,
maintain, upgrade, or expand any facilities or equipment required of or by BOWERMAN POWER pursuant to this Agreement shall be the sole responsibility of BOWERMAN POWER. Any and all environmental permits and/or CEQA planning approvals or other
permits and/or approvals required to operate, maintain, upgrade or expand any facilities or equipment required of or by COUNTY pursuant to this Agreement shall be the sole responsibility of COUNTY. COUNTY and BOWERMAN POWER agree to fully cooperate
with, expedite and assist the other in obtaining such permits or approvals. 
 (b) In connection therewith, each party agrees to make
available copies of all environmental information reports, environmental assessment reports, environmental impact reports, air impact assessment studies, environmental applications filed and other available data relating to, necessary for and used
(or useful) at each party’s sole determination, provided such information is not privileged, in connection with obtaining any environmental permits or CEQA and planning approvals necessary for the installation and operation of any equipment or
the conducting of any other activities on the Landfill. 
 1.6 RIGHTS TO LANDFILL GAS 

(a) BOWERMAN POWER’S Rights. Except as otherwise provided herein and subject to the terms and conditions of this Agreement,
BOWERMAN POWER shall have the exclusive right to recover and process Landfill Gas at the Landfill for sale and or conversion to and sale of Energy and other Covered Products and Flare Products. Subject to Section 1.2 hereof, the rights of
BOWERMAN POWER to those portions of the Landfill outside of the Site are also by non-exclusive license and are limited to those portions of the Landfill at which or within which the Collection System and the
Collection Instrumentation and Control System are located together with such other portions of the Landfill as authorized by the Director of OC WASTE & RECYCLING that may be necessary for BOWERMAN POWER to exercise the rights and perform
the duties of BOWERMAN POWER. COUNTY shall execute and deliver any further writing, instrument or document and take any further action as BOWERMAN POWER may reasonably request, in form and substance reasonably satisfactory to BOWERMAN POWER, in
order to evidence BOWERMAN POWER’s ownership of the Covered Products and the Flare Products or to permit or facilitate the sale, conveyance or transfer of Covered Products or Flare Products by BOWERMAN POWER. 

(b) Use of Natural Gas. Natural Gas may be used to supplement the Landfill Gas only if 1) the Conversion Facility is utilizing all
of the Landfill Gas reasonably capable of being recovered from the landfill and 2) the Conversion Facility is operating at less than full capacity and 3) Landfill Gas use shall have priority over Natural Gas use. In no event shall the use
of Natural Gas exceed [***] of the total annual fuel BTU throughput. 

  
 12 

 (c) COUNTY’S Rights. COUNTY shall have the right to take or otherwise use Excess
Gas, with the approval of BOWERMAN POWER. Such approval shall not be unreasonably withheld, conditioned or delayed. Excess Gas shall be recovered in such a manner so as not to negatively impact BOWERMAN POWER’s operations or production and
sales of Flare Products or Covered Products. In the event the recovery of such Excess Gas is required to comply with Applicable Law, COUNTY and BOWERMAN POWER agree to work together to develop Collection System additions, operational methods, and
techniques in order for COUNTY to meet Applicable Law, subject to the payment obligations set forth in Section 1.9(d). Any third party purchasing or otherwise receiving from COUNTY Excess Gas or Energy recovered exclusively from Excess Gas
shall sign an agreement acknowledging BOWERMAN POWER’S superior rights to the Landfill Gas, the Covered Products and the Flare Products and other rights under this Agreement, which agreement shall be reasonably acceptable to BOWERMAN POWER.
COUNTY and BOWERMAN POWER shall coordinate its efforts for Collection System work in the event that COUNTY installs or constructs any collection devices. In the event COUNTY and BOWERMAN POWER cannot agree on the actions needed to comply with
Applicable Law, COUNTY shall have the sole and exclusive right to proceed with such action to the extent required to comply with Applicable Law or protect human health and the environment. Except as specifically provided in this Agreement, COUNTY
reserves all rights to use the surface and subsurface of the Landfill; however, COUNTY shall use its best Commercially Reasonable efforts to minimize interference with the operations of the Collection System or Systems, the Conversion System or
Systems, the Flare Facility, as described in Section 1.11(a) (if any) and the Utility Interface. 
 1.7 COMPLIANCE WITH LANDFILL OPERATING
REQUIREMENTS 
 (a) System Plan. BOWERMAN POWER agrees to cooperate with COUNTY and appropriate regulatory agencies in the
preparation of a plan for the sizing and installation of adequate Landfill Gas emission and Migration control devices including but not limited to Conversion System, Flare Facility, and Collection System to assure full compliance with air quality,
and Landfill Gas emission and Migration regulations and other Applicable Law. COUNTY and regulatory agencies shall each approve the plan prior to design and construction of facilities contained herein. BOWERMAN POWER shall operate the Conversion
System and any Flare Facility(s) necessary to maintain the COUNTY in compliance with all Applicable Law, including but not limited to, air quality and ground water quality and Landfill Gas emission and Migration regulations. 

(b) Collection System Location. The installation of additional devices and operation of the COUNTY’S Collection System by BOWERMAN
POWER is subject to the reasonable control and approval of COUNTY. The location(s) of the COUNTY’S Collection System may be changed, at any time, at the reasonable discretion of the Director of OC WASTE & RECYCLING. COUNTY shall be
solely responsible for any and all costs related to such location change unless such change is at the request of BOWERMAN POWER. 
 (c)
Governmental Monitoring. COUNTY intends to measure the concentrations of Landfill Gas on and around the Landfill to monitor for Landfill Gas emissions and Landfill Gas Migration for compliance with Applicable Law, including, but not limited
to, air quality or other environmental regulations, such as Rule 1150.1 of the SCAQMD. COUNTY and BOWERMAN POWER agree that they shall coordinate their efforts to maintain the Landfill in compliance with all Applicable Law, including but not limited
to air quality or other Applicable Law concerning Landfill Gas. If the COUNTY, BOWERMAN POWER or a regulatory agency at any time determines that the emissions of Landfill Gas from the Landfill exceed permissible limits, COUNTY and BOWERMAN POWER
shall work together to determine the cause for such emissions. If the presence of excess concentrations of Landfill Gas are determined by COUNTY to be caused by surface fissures in the Landfill or other Landfill surface or subsurface irregularities,
then COUNTY shall have the sole responsibility, at its expense, for the repair of such surface fissures or other Landfill surface or subsurface irregularities. If such excess concentrations of Landfill Gas are determined to be caused by the
generation of Landfill Gas at the 

  
 13 

 
Landfill at a rate greater than the rate of collection by the Collection System operated by BOWERMAN POWER, then COUNTY shall promptly notify BOWERMAN POWER of its determination and provide
BOWERMAN POWER with the data in the possession of COUNTY supporting its determination of the cause of such excess concentration of Landfill Gas. Upon receipt of such notification and supporting data, BOWERMAN POWER shall adjust the draw rate on the
wells or other collection devices in the Collection System located nearest to the area or areas of excess concentration of Landfill Gas. COUNTY and BOWERMAN POWER have set forth the preceding procedure to evidence the intent to cooperate with each
other in an effort to maintain the compliance of the Landfill with applicable air quality and Landfill Gas emission, Migration regulations and other Applicable Law. The COUNTY and BOWERMAN POWER further agree that compliance with Applicable Law is a
material obligation of this Agreement. 
 (d) Requests for Adjustment. BOWERMAN POWER acknowledges that COUNTY is required to respond
promptly to complaints or other notifications COUNTY may receive from the SCAQMD or other governmental agencies having jurisdiction over the Landfill as to any purported noncompliance of the Landfill with Applicable Law. Accordingly, requests made
by COUNTY to BOWERMAN POWER to adjust the draw rate on the wells or other collection devices constituting part of the Collection System may be made orally, either in person or by telephone, by COUNTY’S authorized representative to BOWERMAN
POWER’s on-site representative(s) (as described in Section 1.12(b)). Such oral requests shall state the specific action that COUNTY desires BOWERMAN POWER to take with respect to the operation of the
Collection System in order to meet the requirements of SCAQMD or other applicable governmental agency. Such oral requests shall be immediately followed by a written request containing the same information. BOWERMAN POWER shall initiate corrective
actions expeditiously and notify the COUNTY verbally as soon as possible and then in writing of all actions taken and all modifications made to the Collection System no later than one (1) business day after such actions or modifications taken
pursuant to a request by the COUNTY under this Section 1.7(d). COUNTY shall be solely responsible for any and all costs related to a COUNTY request pursuant to Section 1.7(c) or (d) other than to the extent that BOWERMAN POWER’S
negligence causes or contributes to the conditions that prompt any such request or those requests that require only the services (routine operation and maintenance as described on Exhibit C-3 attached
hereto) of BOWERMAN POWER personnel then assigned to the Landfill during normal business hours, for which there shall be no charge to COUNTY. If BOWERMAN POWER is unable to comply with such requests within twenty-four (24) hours from the
receipt of such request by COUNTY (or within seventy two (72) hours if the applicable law allows for such longer period for compliance), or, if COUNTY is unable to locate any personnel of BOWERMAN POWER to deliver such request within a
twenty-four (24) hour period (or within seventy two (72) hours if the applicable law allows for such longer period for compliance), then COUNTY shall be authorized through a technician or other personnel trained in the operation of the
Collection System to adjust the appropriate wells or other collection devices included in the Collection System in order to meet the requirements of any rule, order, permit, or regulation of the SCAQMD or any other applicable governmental agency
having jurisdiction over the Landfill, and all reasonable out-of-pocket costs associated with such actions by the COUNTY shall be reimbursed promptly by BOWERMAN POWER.
The personnel utilized by COUNTY to adjust or perform other corrective work on the Collection System shall perform such work in accordance with the procedures and standards set forth in BOWERMAN POWER’s System Maintenance Manual. If COUNTY
makes a request of BOWERMAN POWER to take action with respect to the Collection System that results in COUNTY using its personnel to adjust any such Collection System, following the completion of any such action taken by COUNTY, COUNTY shall
(i) notify BOWERMAN POWER verbally as soon as possible and then in writing of all actions taken and all modifications made to the Collection System no later than one (1) business day after such actions; and (ii) be subject to the
indemnification provisions of Section 2.13. 

  
 14 

 (e) Compliance with Applicable Law. COUNTY covenants that the Landfill and all
activities conducted thereon will, during the term of this Agreement, be in material compliance with all Applicable Law, including without limitation those relating to Hazardous Materials. BOWERMAN POWER covenants that all of its activities
conducted on the Landfill will, during the term of this Agreement, be in material compliance with Applicable Law, including without limitation those relating to Hazardous Materials. Notwithstanding the foregoing, it shall not be deemed to be a
breach of this Section, 1.7(e) by either party if a failure to comply is cured by the earlier of (i) one hundred twenty (120) days after receiving a notice of non-compliance from the other party or
any third party; (ii) the cure period provided for in Applicable Law or (iii) notice from the governmental authority attempting to enforce compliance with same. 

(f) Habitat Mitigation Responsibilities. The parties acknowledge that disturbance of Habitat may require permission, permits and or
implementation of mitigation acceptable to the U.S. Fish and Wildlife Service, California Department of Fish and Game, the Nature Reserve of Orange County and or other applicable agency prior to disturbance. In the event a party requests a
relocation of the Site as set forth in Section 1.2(d), the requesting party shall be responsible for all costs and expenses related to Habitat mitigation in connection with such relocation of the Site (including, but not be limited to,
obtaining any permits/permission from the applicable agencies for impacts to Habitat, implementation of compensatory mitigation associated with the development of the project, all costs related to any required Habitat mitigation (i.e., consultants,
processing permits, long-term maintenance and monitoring, etc.). Otherwise, each party shall be solely responsible for any Habitat mitigation related to such party’s operations under this Agreement. Said responsibilities shall include, but not
be limited to, obtaining any permits/permission from the applicable agencies for impacts to Habitat, implementation of compensatory mitigation associated with the development of the project, all costs related to any required Habitat mitigation
(i.e., consultants, processing permits, long-term maintenance and monitoring, etc.). In the event of a mutual project or disturbance, each party shall be responsible for its share of the mitigation based on the percentage involvement in the project
or disturbance. 
 Prior to contacting the appropriate regulatory agencies, BOWERMAN POWER shall coordinate any plans or inquiries related
to Habitat with regulatory agencies with the COUNTY dealing with Habitat mitigation on COUNTY property. In the event a potential Habitat disturbance issue is discovered by BOWERMAN POWER, exclusive of a disturbance caused by the COUNTY’s
requested relocation of the Site, BOWERMAN POWER shall submit a Habitat mitigation plan satisfying the requirements of the applicable agencies to the COUNTY in accordance with the provisions of Section 1.8 for OC Waste & Recycling
Director approval as per Section 1.8. 
 1.8 CONSTRUCTION OF CONVERSION SYSTEM 

(a) BOWERMAN POWER shall cause to be designed, constructed, and installed within the Site and the Landfill [***] any Conversion System
improvements, as may be expanded from time to time, to adequately accommodate the uses permitted under this Agreement and shall submit its design plans and easement requirements therefore for review and approval by Director of OC WASTE &
RECYCLING and the appropriate COUNTY building official. The construction proposed by BOWERMAN POWER may be scheduled in Commercially Reasonable increments, subject to review by Director of OC WASTE & RECYCLING and the appropriate COUNTY
building official. BOWERMAN POWER shall provide a construction schedule, updated monthly. Development of the Site for the Conversion System shall be conducted in a good and workmanlike manner and shall meet all other requirements contained in this
Agreement. Approval by Director of OC WASTE & RECYCLING shall not be unreasonably conditioned, delayed, withheld or denied. 

  
 15 

 (b) Before starting construction of the Conversion System: 

 

	 	(i)	 If BOWERMAN POWER deems it necessary to secure areas of the Landfill in addition to the Site, provided that
suitable areas of the Landfill are available, the Director of OC WASTE & RECYCLING will select an area sufficient in size and acceptable to BOWERMAN POWER to accommodate the construction and operation by BOWERMAN POWER of the Conversion
System. The Director of OC WASTE & RECYCLING shall work with BOWERMAN POWER to select a parcel or parcels of real property with stable soil that does not contain refuse from landfilling operations or other fill material, takes into account
the convenience to the Collection System, the convenience and proximity to the Utility Interface, aesthetic and environmental considerations and any other appropriate consideration in the opinion of the Director of OC WASTE & RECYCLING and
acceptable to BOWERMAN POWER. BOWERMAN POWER shall prepare a site layout or plat map (at least 8 1/2” x 11” in size at a 1”:40’ scale) that shows the location of the Site including the additional area, once the additional area,
if any, is agreed upon. Upon approval of this site layout or plat map by the Director of OC WASTE & RECYCLING, it shall be attached as Exhibit B to this Agreement. 

 

	 	(1)	 If the site layout or plat map is marked as “preliminary”, a final site layout or plat map must be
included, for approval by the Director of OC WASTE & RECYCLING, with the design plans as required in Section 1.8(a). 

  

	 	(ii)	 The Director of OC WASTE & RECYCLING and BOWERMAN POWER will work together to identify and select an
area of sufficient size to accommodate a temporary construction office trailer(s) and a work and storage area commonly referred to as the construction lay down area. BOWERMAN POWER will work to minimize the size and duration this area will be needed
and will be responsible, at the sole cost of BOWERMAN POWER, to restore the area as nearly as practicable to its original condition or an alternate condition as agreed to by the Director of OC WASTE & RECYCLING. 

 

	 	(iii)	 BOWERMAN POWER will obtain environmental clearance for all work encompassed by this Agreement in accordance
with the requirements of the CEQA. 

  

	 	(iv)	 BOWERMAN POWER will submit the following to the Director of OC WASTE & RECYCLING:

  

	 	(a)	 Evidence of insurance coverage that fully complies with Section 2.12 of this Agreement.

  

	 	(b)	 Evidence, by submitting approved building permits that the proposed development is: 

 

	 	1)	 In conformance with the General Plan of COUNTY pursuant to California Government Code Section 65402 or the
then current applicable section. 

  
 16 

	 	2)	 In conformance with all federal, state and local land use planning requirements. 

 

	 	3)	 In compliance with all Applicable Law and other legal requirements applicable to the construction of the
Conversion System. 

  

	 	(v)	 BOWERMAN POWER shall install the necessary fire protection system(s) as required per the Orange County Fire
Authority (OCFA) and obtain adequate permits and approvals from OCFA for the Conversion System. 

  

	 	(a)	 The COUNTY is willing to allow BOWERMAN POWER to expand the COUNTY existing fire protection and potable water
system to meet these requirements, pending approval of such modification by the OCFA and the Director of OC WASTE & RECYCLING, at the expense of BOWERMAN POWER. 

 

	 	1)	 Such improvements to existing COUNTY fire protection and potable water system shall become the property of the
COUNTY upon acceptance by the appropriate building official. 

  

	 	2)	 If, pursuant to this Section 1.8 (b) (v), BOWERMAN POWER elects to install additional capacity or
make improvements to the existing COUNTY fire protection and potable water system, it is understood BOWERMAN POWER may use these improvements for fire protection purposes only. 

 

	 	(b)	 Should OCFA require additional improvements to the existing COUNTY systems, cost sharing for any system
improvements will be based proportionally on the size of the needed COUNTY improvements to the total size of the improvements needed by BOWERMAN POWER and must abide by COUNTY purchasing policies as defined by Applicable Law. 

 

	 	(vi)	 BOWERMAN POWER shall complete the decommissioning of the former LNG plant as mutually agreed upon in writing
and directed by the Director of OC Waste & Recycling. Said decommissioning shall include the removal of specific improvements and restoration of the site. 

(c) Before delivering Covered Products to any Customer, BOWERMAN POWER shall provide a copy of the Energy Agreement to Director of OC
WASTE & RECYCLING as per Section 1.12 (a)(xiii). 
 1.9 COLLECTION SYSTEM AND FLARE FACILITY 

(a) Construction of Flares. BOWERMAN POWER shall install additional Flares as needed to destruct all Landfill Gas reasonably projected
to be recovered by the Collection System at the Landfill. The parties agree that until an alternate method of Landfill Gas destruction and destruction capacity determination is clearly defined in writing by the SCAQMD to the reasonable satisfaction
of the Director of OC WASTE & RECYCLING, only Flare capacity will count towards the Landfill Gas destruction capacity requirements required by this Agreement. [***]. BOWERMAN POWER agrees to meet at a minimum annually with the COUNTY to
review the most current Landfill Gas Generation Rate Table (Exhibit G), and establish a timeline agreed to by both parties as to when a new Flare is to be installed. 

  
 17 

 (b) If and when BOWERMAN POWER is required to replace or install a new Flare, in order to
maintain control system and spare parts consistency, the COUNTY approval for the new Flare is contingent on BOWERMAN POWER providing a Perennial Energy Flare unless it can be shown the Flare(s) available from Perennial Energy at the time the Flare
is needed a) do not meet the then applicable requirements for the destruction of Landfill Gas, or b) control systems and or major parts have changed significantly enough to negate the advantage of purchasing from Perennial Energy. 

(c) Use of Existing Facilities. BOWERMAN POWER and COUNTY agree to continue to work together to develop operational methods and
techniques in order to optimize the quality and quantity of Landfill Gas recovered from the Collection System in the Landfill. To the extent reasonably practicable, BOWERMAN POWER agrees to utilize COUNTY’S horizontal Landfill Gas extraction
system, vertical Landfill Gas wells, and header(s) to produce and recover Landfill Gas therefrom and transport Landfill Gas to the Site of the Conversion System. 

(d) Collection System Improvements. 
  

	 	(i)	 All work required for capital additions (as set forth in Exhibit
C-3 C) to the Collection System to comply with Applicable Law will be implemented by [***]. 

  

	 	(ii)	 The Collection System Major Maintenance responsibilities are defined in Exhibit C-3(B). 

 (e) Collection System Improvement Reimbursement. Beginning
January 1, 2012, BOWERMAN POWER will pay or reimburse COUNTY for [***], in both cases either through a credit or a direct payment to COUNTY (as evidenced by supporting documentation to be provided by COUNTY on an annual basis). Any such
reimbursement shall be subject to pro rata reduction in the final year of the term to the extent the term does not expire or terminate on December 31 and shall be due within thirty (30) days after receipt by BOWERMAN POWER of a statement
prepared by COUNTY setting out in reasonable detail the costs for which reimbursement is due under this Section 1.9(e). 
 (f)
Collection System to Control Landfill Gas Migration. If (A) the Collection System as it exists at any given time, including the use of all improvements installed per Section 1.9(c) above, will control Landfill Gas Migration when
adjusted as per and within Applicable Law limits, and (B) said adjustments result in Landfill Gas quality or quantities below limits acceptable to BOWERMAN POWER and (C) COUNTY determines that by readjusting the Collection System to meet
the Landfill Gas quality or quantities acceptable to BOWERMAN POWER that Landfill Gas Migration in excess of regulatory limits cannot be prevented, or soon may not be preventable, then BOWERMAN POWER shall design and construct [***] all improvements
to the Collection System required to reduce the burden on the Collection System to increase the Landfill Gas quality or quantities to limits acceptable to BOWERMAN POWER, including if necessary, a separate Collection System. Said improvements shall
be designed and operated in conjunction with the entire Collection System, which now includes the additions installed by BOWERMAN POWER to prevent Landfill Gas Migration. 

  
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 (g) Cooperation. The engineering staffs of COUNTY and BOWERMAN POWER shall meet and
confer on the design of any expansion or additions to the Collection System at the Landfill. COUNTY and BOWERMAN POWER agree to cooperate in specifying the materials, design, and location of Landfill Gas collectors for the Collection System to
satisfy Applicable Law. No structures, improvements, or facilities relating to the Collection System shall be constructed, erected, altered or made within the Site or the Landfill by BOWERMAN POWER without prior written consent or approval of the
Director of OC WASTE & RECYCLING or designee, which consent shall not be unreasonably withheld, conditioned or delayed. 
 1.10 OPERATION AND
MAINTENANCE OF THE COLLECTION AND CONVERSION SYSTEMS 
 (a) In operating and maintaining the Collection System and constructing,
equipping, operating and maintaining the Conversion System, BOWERMAN POWER shall use reasonable care and diligence and shall perform all work in a proper and workmanlike manner and BOWERMAN POWER agrees to conduct its operations in full compliance
with Applicable Law and so as not to unreasonably interfere with the use of the Landfill for sanitary landfill operations. BOWERMAN POWER’S operation and maintenance duties for the Collection System shall be as detailed in Exhibit C-3 attached hereto and BOWERMAN POWER shall perform the Routine Operations, Repair and Maintenance as assigned in Exhibit C-3(A) attached hereto, [***]. COUNTY agrees
to use its best efforts to supervise the equipment operators employed at the Landfill and to instruct them not to damage any wells, piping, or other material or equipment installed at the Landfill which may extend above the surface of the Landfill
during either normal day-to-day operations or during any operations in which the Landfill is brought up to its final grade. 

(b) To the extent that any damage occurs to all or any part of any of the systems on the Site, specifically the Conversion System, Condensate
System, the Collection System, the Flare Facility described in Section 1.11(a) below or the Utility Interface, each party shall pay for the cost of any and all damage that is the fault of that party, or caused by any Affiliate, sublessee or
sublicensee, assignee, representative, contractor, agent, licensee, or invitee of that party. Nothing herein shall be construed as limiting either party’s right to pursue all other available rights at law or in equity. 

1.11 OPERATION AND MAINTENANCE OF FLARE FACILITY AND CONDENSATE SYSTEM 

(a) In order to allow COUNTY to comply with Applicable Law with respect to its operations at the Landfill, BOWERMAN POWER shall convey any
Landfill Gas within the Collection System not being used by any Conversion System to the Flare Facility. BOWERMAN POWER agrees to consume or flare Landfill Gas as necessary to maintain COUNTY compliance with Applicable Law concerning Landfill Gas
through the term of this Agreement. 
  

	 	(b)	 (i) BOWERMAN POWER shall perform the Routine Flare Facility and Condensate System Operation and Maintenance
assigned to it in Exhibits C-l and C-2 attached hereto. All duties assigned to BOWERMAN POWER, as set forth in Exhibit
C-l and C-2, shall be performed at [***] expense. 

  

	 	(ii)	 BOWERMAN POWER shall perform the Major Maintenance on the Flare Facility assigned to it in Exhibit C-l attached hereto, [***]. 

  

	 	(iii)	 BOWERMAN POWER shall perform the Major Maintenance on the Condensate System assigned to it in Exhibit C-2 attached hereto [***]. 

  
 19 

 (c) As part of its obligation to operate and maintain the Flare Facility under this
Section 1.11, BOWERMAN POWER shall purchase or otherwise provide all electricity necessary to operate the Flare System and install any metering necessary to do so. Such electricity shall be of utility standard quality and shall be separately
metered. [***]. 
 1.12 DUTIES OF BOWERMAN POWER 

(a) Generally. BOWERMAN POWER shall keep and maintain the Site, Flare Facility, Condensate System and Collection System and all
improvements of any kind which may be erected, installed, or made thereon in good condition and in good repair and in a safe, clean, and sanitary condition, all as set forth in Exhibits C-l, C-2 and C-3 attached hereto, and properly handle any Hazardous Material generated or brought into the Landfill by or at the request of BOWERMAN POWER, subject to the other
terms of this Agreement. BOWERMAN POWER shall keep and maintain the aesthetics of the Site consistent with the COUNTY premises as they relate to the general style and color scheme where applicable, as reasonably determined by the Director of OC
Waste & Recycling. In addition, BOWERMAN POWER shall pay particular attention to odor, fumes, light and sound as they relate to the duties described in this Agreement and work with the COUNTY to develop procedures for when complaints are
received. These procedures are to become part of the BOWERMAN POWER System Maintenance Manual. BOWERMAN POWER shall employ, or otherwise obtain the services of, experienced Landfill Gas to energy personnel to assist BOWERMAN POWER in performing its
obligations under this Agreement. Specifically, subject to the terms and conditions of this Agreement, BOWERMAN POWER will perform the following duties during the term of this Agreement: 

 

	 	(i)	 Provide routine operation and maintenance, Major Maintenance and capital improvements as provided in this
Agreement. 

  

	 	(ii)	 Treat and dispose of all Condensate separated or collected from the Collection System, Flare Facility and the
Conversion System at BOWERMAN POWER’S expense so that such Condensate satisfies the requirements of Applicable Law, including delivery of adequate Landfill Gas to the Flare Facility as described in Section 1.11(a) to the extent needed to
dispose of Condensate through injection into the Flare Facility; provided that, notwithstanding anything in this Agreement to the contrary, BOWERMAN POWER shall have no obligation to handle or dispose of Condensate that can be or will be classified
as Hazardous Material, unless (x) the Condensate has been made a Hazardous Material by a treatment or process performed by BOWERMAN POWER or by the Conversion System or (y) such Condensate is readily treatable on site without any excessive
expense (not to exceed $[***] annually, escalating no more than [***]% annually), such as a pH adjustment. 

The County, at its option, may treat and use Condensate for dust control. 

 

	 	(iii)	 BOWERMAN POWER is responsible to provide all monitoring and testing with analysis as required by Applicable Law
for the Landfill Gas (with the exception of the testing associated primarily with the Landfill, such as SCAQMD 1150.1 monitoring and testing requirements). The frequency, constituents and methods monitored and or tested may change as required by
Applicable Law or the current permit. 

  
 20 

	 	(iv)	 Perform its duties hereunder in accordance with Applicable Law related to BOWERMAN POWER’s operations.

  

	 	(v)	 [***]. 

  

	 	(vi)	 Prepare and present to the COUNTY for review and approval, the BOWERMAN POWER System Maintenance Manual within
ninety (90) days of the Effective Date of this Agreement and thereafter as it may be amended from time to time. The COUNTY has the right to request revisions annually. 

 

	 	A)	 BOWERMAN POWER shall within thirty (30) days of the Effective Date prepare and present to the COUNTY for
review and approval, the Flare Facility and Collection System Operations and Maintenance procedures portion of BOWERMAN POWER’s System Maintenance Manual. 

 

	 	B)	 BOWERMAN POWER shall supply COUNTY with two (2) copies of the BOWERMAN POWER System Maintenance Manual as
in effect from time to time, or whenever modified. 

  

	 	(vii)	 Perform all other duties and obligations of BOWERMAN POWER as specified in this Agreement.

  

	 	(viii)	 Comply with all federal and state statutes and regulations regarding the employment of aliens.

  

	 	(ix)	 Comply with all aspects of Applicable Law. 

 

	 	(x)	 Participate in monthly coordination meetings (via telephone or
in-person) between COUNTY staff and BOWERMAN POWER management (routine management participation at the discretion of BOWERMAN POWER unless specifically requested to attend by the COUNTY) and/or on-site field and Conversion System personnel. 

  

	 	(xi)	 [***]. 

  

	 	(xii)	 Maintain, repair and generally keep in a good and safe condition as per the standards for a private road, the
portions of the access road located within the boundaries of the Site at the sole cost of BOWERMAN POWER. 

  

	 	(xiii)	 Provide copies of all Energy Agreements with a duration of more than one (1) year to COUNTY by BOWERMAN
POWER within thirty (30) days of execution of any such Energy Agreements (see also Section 1.8 (c)). 

  

	 	(xiv)	 In the event there is Excess Gas available, BOWERMAN POWER and COUNTY agree to explore Commercially Reasonable
options for the production and sale of electricity by BOWERMAN POWER to COUNTY from an expansion project or the self-generation of electricity by COUNTY for use by COUNTY for its’ administrative needs on the Landfill. 

  
 21 

 (b) Representatives. BOWERMAN POWER shall designate in writing to the Director of OC
WASTE & RECYCLING an on-site representative who shall be responsible for the day-to-day operation and level of
maintenance, cleanliness, and general order. COUNTY shall designate in writing to BOWERMAN POWER a representative who shall be responsible for interfacing with BOWERMAN POWER as to the
day-to-day operations on the Site. 
  

	 	(i)	 The BOWERMAN POWER representative acting in the capacity of Landfill Gas Collection System supervisor or
equivalent position shall have at least 5 years’ experience in the operations and maintenance of a Landfill Gas Collection System and within one year of assignment to the Landfill shall have successfully completed at a minimum the SWANA
Landfill Gas Systems Operations and Maintenance and or Landtec Technician Landfill Gas Training course or equivalent. 

  

	 	(ii)	 The BOWERMAN POWER representative(s) acting in the capacity of Landfill Gas Collection System technician or
equivalent position within one year of assignment to the Landfill shall have successfully completed at a minimum the SWANA Landfill Gas Basics course or equivalent. 

 

	 	(iii)	 If an inadequate, improper or delayed action on the part of BOWERMAN POWER staff results in a regulatory
violation or fine, the parties agree to work together to first identify and then correct the root cause of any such inadequate, improper or delayed action. This correction would include but not be limited to; changing of policies, additional
training, re-training or the replacement of the responsible BOWERMAN POWER staff member. The COUNTY may request the replacement of a BOWERMAN POWER staff member only after a second regulatory violation or fine
has been attributed to the BOWERMAN POWER staff member’s inadequate, improper or delayed action and only after a joint investigation by both parties; provided however, that the COUNTY may request that BOWERMAN POWER immediately remove a staff
member in the event of negligence which results in a regulatory violation or fine or willful misconduct of such staff member as reasonably determined by the COUNTY. 

 

	 	(iv)	 If the COUNTY has evidence that BOWERMAN POWER’S operation and maintenance of the Collection System, Flare
Facility and/or Condensate System is (a) not in compliance with Applicable law, (b) not in compliance with the manufacturers recommendations, (c) not within the operating parameters as reasonably defined by the COUNTY or (d) not
within Commercially Reasonable standards, then the COUNTY may request BOWERMAN POWER to engage, [***], an independent consultant to review and audit BOWERMAN POWER’s compliance with its’ operation and maintenance obligations under this
Agreement. Such requests will be limited to once per calendar year and the independent consultant shall be selected by BOWERMAN POWER with approval from the Director of OC Waste & Recycling which approval shall not be unreasonably withheld
or delayed. The parties agree to review the findings and implement agreed upon recommended changes to BOWERMAN POWER’s System Maintenance Manual and or take appropriate action as per Section 1.12(b)(iii) above. 

  
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 (c) Failure to Maintain. If BOWERMAN POWER fails to maintain or make repairs or
replacements as required of BOWERMAN POWER herein, the Director of OC WASTE & RECYCLING shall notify BOWERMAN POWER in writing of the failure. Should BOWERMAN POWER fail to commence correction of the situation within three (3) business
days (or such earlier time as may be required by Applicable Law) after receipt of written notice, the Director of OC WASTE & RECYCLING may make the necessary correction or cause it to be made and the cost of labor, materials, and equipment
shall be paid by the party responsible therefore as per Sections 1.9, 1.10 and 1.11 within ten (10) days of receipt of a statement of said cost from the Director of OC WASTE & RECYCLING. The Director of OC WASTE & RECYCLING
may choose other remedies available herein, or by law. 
 (d) Further Improvements. Within sixty (60) days following completion
of any substantial improvement within the Site and/or Landfill, pursuant to Sections 1.8 and 1.9 by BOWERMAN POWER, BOWERMAN POWER shall furnish the Director of OC WASTE & RECYCLING with one (1) complete set of reproducibles and two
(2) sets of prints of “as-built” plans. In addition, BOWERMAN POWER shall furnish the Director of OC WASTE & RECYCLING with an itemized statement of the actual construction cost of
COUNTY requested improvements to be paid by COUNTY. The statement of cost shall be sworn to and signed by BOWERMAN POWER or its responsible agent under penalty of perjury and may be subject to audit by COUNTY. 

(e) Landscaping. BOWERMAN POWER shall, upon written request from the Director of OC WASTE & RECYCLING, install and maintain
such landscaping as may be reasonably required for adequate screening of BOWERMAN POWER’s facilities and appurtenant equipment. 
 (f)
Sale of Covered Products. BOWERMAN POWER shall, itself or through an Affiliate, exercise Commercially Reasonable efforts to acquire and sell, or otherwise extract the maximum value from the Landfill Gas, Covered Products and the Flare
Products while minimizing any adverse impact on the Landfill and Landfill operations. Among other things, BOWERMAN POWER shall[***]: (1) prepare and file any document, application, registration or certificate; (2) institute or prosecute
any proceeding, hearing, action or make any claim before any governmental agency or body; (3) negotiate any contract, agreement or other arrangement, or (4) take any and all other action that BOWERMAN POWER deems necessary or advisable
with respect to the identification, acquisition or sale of any such Covered Product; provided, however that no document shall be filed or action taken by BOWERMAN POWER in the name of COUNTY without COUNTY’S prior written approval. Nothing
herein shall be deemed as an obligation of BOWERMAN POWER to identify or pursue any particular opportunities with respect to Covered Products. BOWERMAN POWER shall have discretion to determine which Covered Products shall be identified and
commercialized and there shall be no penalty or liability imposed on BOWERMAN POWER for its failure, or unsuccessful attempt, to identify and commercialize any particular Covered Product or to receive any particular value for any Covered Product.
Notwithstanding anything contrary contained herein, COUNTY shall cooperate in good faith with BOWERMAN POWER with respect to matters undertaken by BOWERMAN POWER pursuant to this Section 1.12(f). Such cooperation shall include, but not be
limited to, COUNTY’S execution of applications, certificates, filings, agreements and other documents as BOWERMAN POWER may reasonably request, provided, however, that COUNTY has reviewed and approved any such document and that execution of
such document imposes no liability upon COUNTY, unless COUNTY, at its sole discretion, agrees to execute such document notwithstanding such liability. 

(g) Engagement of Third Parties. Subject to the consent or other approval of the Director of OC WASTE & RECYCLING as required
or permitted herein, BOWERMAN POWER may engage such persons and entities (including Affiliates of BOWERMAN POWER) as it deems advisable for the purpose of performing or carrying out any of its obligations under this Agreement; provided, however,
that no such 

  
 23 

 
engagement shall relieve BOWERMAN POWER of any of its obligations or liabilities under this Agreement. BOWERMAN POWER, shall be solely responsible for the acts or defaults of its subcontractors
and its agents, representatives and employees, including all persons and entities engaged pursuant to this Section 1.12(g). Nothing in this Agreement shall be construed to impose on COUNTY any obligation, liability or duty to an Affiliate,
assignee, sublessee, sublicense, or subcontractor engaged pursuant to this Section 1.12(g), or to create any contractual relationship between any such entity or subcontractor and COUNTY. In the event that BOWERMAN POWER subsequently determines
to employ a third-party operator or contractor to provide operations and maintenance services for BOWERMAN POWER hereunder, such third-party operator or contractor must be approved by the Director of OC WASTE & RECYCLING, which approval
shall not be unreasonably withheld or delayed. 
 (h) Health and Safety 

 

	 	(i)	 BOWERMAN POWER will comply with all Applicable Laws relating to health and safety pertaining to its business
operations. See also Exhibit E. 

  

	 	(1)	 For the purposes of this Agreement as it relates to noise requirements, the parties agree the Conversion
Facility will not interfere with the operations of the Landfill. 

  

	 	(ii)	 BOWERMAN POWER will submit a copy of the Health and Safety Plan to the OC WASTE & RECYCLING Safety
Officer within thirty (30) days after the Effective Date of the Agreement and within thirty (30) days whenever it is modified. Exhibit E outlines the minimum requirements, as known to the OC WASTE & RECYCLING Safety Officer
as of the Effective Date of this Agreement, for COUNTY approval of the Health and Safety Plan. The COUNTY’S acceptance/concurrence of BOWERMAN POWER’s Health and Safety Plan does not relieve or transfer any such responsibilities to the
COUNTY. 

  

	 	(iii)	 BOWERMAN POWER shall maintain an Orange County Fire Authority approved Hazardous Materials disclosure plan on
Site as required by Applicable Law as soon as the Site becomes subject to such requirements. BOWERMAN POWER will provide a copy to the COUNTY within thirty (30) days of such requirement and within thirty (30) days whenever it is modified.

 (i) Effective as of the Effective Date, BOWERMAN POWER shall reimburse COUNTY for [***]. BOWERMAN POWER shall pay such
costs within thirty (30) days of receipt of an invoice and proper supporting documentation from COUNTY. 
 1.13 COMBUSTION CONTROL 

(a) BOWERMAN POWER shall operate the Collection System in accordance with Applicable Law, including but not limited to, U.S. Environmental
Protection Agency New Source Performance Standards to avoid the ignition of Landfill fires. 
 (b) In the event Carbon Monoxide (CO) levels
increase over established baseline levels as reported in the FLARE STATION DAILY TOTAL FLOW & HEAT INPUT LOG and as stated in the BOWERMAN POWER System Maintenance Manual, BOWERMAN POWER will immediately begin taking additional CO readings
throughout the Collection System in an effort to identify the source of the higher than normal CO levels. Once the source is located, the source(s) will be either isolated or adjusted to reduce the possibility of a fire until such a time as the
increased CO levels have decreased to baseline or below. 

  
 24 

 (c) In the event of a fire in the refuse-filled portion of the Landfill, BOWERMAN POWER will
follow the emergency response plan, which includes the Standard Procedures for Elevated Subsurface Temperature Monitoring and Control, provided to it by COUNTY and will take such steps as COUNTY requests so as to allow such fires to be extinguished
as soon as practicable. To the extent possible, BOWERMAN POWER will isolate any collection wells that are part of the Collection System located in the area in which any such fire is occurring and close off such wells from operating with the
remainder of the Collection System until any such fire is extinguished so as to minimize the potential for air to be drawn into the area of the Landfill where the fire is located. Such actions shall be in accordance with Applicable Law. 

Following any actions taken by the parties to extinguish any fire in the refuse filled portion of the Landfill, BOWERMAN POWER shall monitor and conduct tests
of the temperature and CO levels in the immediate area of the fire in order to assess the effectiveness of control measures taken by BOWERMAN POWER and the COUNTY to extinguish such fire. BOWERMAN POWER shall promptly provide copies of such test
data to COUNTY. The cost of the samples to be tested at a laboratory for any given fire shall be paid for [***]. Once both parties agree the laboratory tests show the fire to be extinguished, any subsequent requests by COUNTY for laboratory tests
for the same fire shall be paid for [***]. 
 1.14 TERMINATION RIGHTS 

(a) Default by BOWERMAN POWER. COUNTY shall have the right (in addition to any other rights it may have under this Agreement, at law or
in equity), to terminate this Agreement: 
  

	 	(i)	 If BOWERMAN POWER fails to timely pay any sums due to COUNTY under this Agreement and fails to cure such
failure within thirty (30) days after COUNTY gives written notice of default to BOWERMAN POWER; 

  

	 	(ii)	 If BOWERMAN POWER defaults in the performance of any other material obligation of this Agreement either by
action or inaction and/or causes the Landfill to be out of compliance with Applicable Law and fails to cure same within ninety (90) days after COUNTY gives written notice of default to BOWERMAN POWER, unless such default is excused by the
provisions of Section 2.14 (Force Majeure); 

  

	 	(iii)	 If BOWERMAN POWER or GSF, only as it relates to GSF as per Section 1.16 (g) fails to pay its undisputed
debts as they become due or admits in writing its inability to pay its debts or makes a general assignment for the benefit of creditors; 

  

	 	(iv)	 If a case is commenced by or against BOWERMAN POWER or GSF, only as it relates to GSF as per Section 1.16
(g) under Title 11 of the United States Bankruptcy Code as now in force or hereafter amended and if the same is not dismissed within ninety (90) days; 

  

	 	(v)	 If a trustee or receiver is appointed to take possession of substantially all of BOWERMAN POWER’s interest
in this Agreement, where such seizure is not discharged within ninety (90) days; 

  
 25 

	 	(vi)	 If BOWERMAN POWER or GSF, only as it relates to GSF as per Section 1.16 (g) convenes a meeting of its
creditors or any class thereof for the purpose of effecting a moratorium upon or composition of its debts. In the event of any such default, neither this Agreement nor any interests of BOWERMAN POWER in and to the Landfill shall become an asset in
any such proceeding and, in such event, in addition to any and all rights and remedies of the COUNTY hereunder and by law, it shall be lawful for COUNTY to declare the term of this Agreement ended and to
re-enter the Site and take possession thereof and remove all persons therefrom, and BOWERMAN POWER and its unsecured creditors (other than COUNTY) shall have no further claim thereon or hereunder other than
with respect to BOWERMAN POWER’S assets remaining on the Landfill; or 

  

	 	(vii)	 If BOWERMAN POWER fails to construct [***]. 

 

	 	(viii)	 If, after the Commercial Operations Date, BOWERMAN POWER fails to produce and sell commercial quantities of
Covered Products for a period of twelve (12) consecutive months (subject to the provisions of Section 2.14, Force Majeure); 

  

	 	(ix)	 If any records, financial reports and or certifications related to the calculation of the royalty payment due
the COUNTY is found to be materially false and BOWERMAN POWER does not correct it and pay the COUNTY any payments in arrears within ninety (90) days after written notice from the COUNTY. 

(b) Default by COUNTY. BOWERMAN POWER shall have the right (in addition to any other right they may have at law or in equity) to
terminate this Agreement: 
  

	 	(i)	 If COUNTY fails timely to pay any sums due to BOWERMAN POWER under this Agreement and fails to cure such
failure within thirty (30) days after BOWERMAN POWER gives written notice of default to COUNTY; 

  

	 	(ii)	 If COUNTY defaults in the performance of any other material obligation of the Agreement and fails to cure same
within ninety (90) days after BOWERMAN POWER gives written notice of default to COUNTY, unless such default is excused by the provisions of Section 2.14 (Force Majeure); 

 

	 	(iii)	 If COUNTY fails to pay its undisputed debts as they become due or admits in writing its inability to pay its
debts or makes a general assignment for the benefit of creditors; 

  

	 	(iv)	 If a case is commenced by or against COUNTY under Title 11 of the United States Bankruptcy Code as now in force
or hereafter amended and if the same is not dismissed within ninety (90) days; 

  

	 	(v)	 If a trustee or receiver is appointed to take possession of substantially all of COUNTY’S interest in this
Agreement, where such seizure is not discharged within ninety (90) days; or 

  
 26 

	 	(vi)	 If COUNTY convenes a meeting of its creditors or any class thereof for the purpose of effecting a moratorium
upon or composition of its debts. 

 (c) Default by Either Party. In the event of default by any party for
nonpayment of sums due under this Agreement, the other party shall have the right to commence legal action to recover [***], the later of forty-five (45) days after such sums become due under this Agreement, or 30 days after the expiration of
any cure period allowed for under this Agreement. Notwithstanding any provision to the contrary herein, no party shall have any right to set off any sums due or otherwise alleged to be due hereunder from moneys due the other party. 

(d) Damages. In the event of the termination of this Agreement as set forth, authorized or permitted herein prior to BOWERMAN POWER
constructing Flare capacity in order to consume all Landfill Gas reasonably projected to be recovered at the Landfill during the five (5) years following said termination and in addition to any other rights and remedies the COUNTY may have
under this Agreement or at law, BOWERMAN POWER shall promptly pay COUNTY the sum of [***] toward the cost for the necessary Flare improvements to meet said requirements. Beginning [***] after the Commercial Operation Date, this amount shall be
adjusted annually as per the Cost Index, but in no case shall the amount 1) be less than $[***] or 2) adjust by more than [***] in any one year. BOWERMAN POWER shall further be responsible for [***]% of any penalties or fines imposed by
regulatory agencies caused by emission control devices not being installed and operating to satisfy all regulatory requirements until said necessary Flare improvements are in full operation. In the event BOWERMAN POWER has paid the COUNTY the full
amount as above at least 30 months prior to the mutually agreed date the Flare installation is required to be operational, BOWERMAN POWER’S obligations under this Section 1.14(d) shall have been satisfied. 

(e) Termination Right of BOWERMAN POWER. BOWERMAN POWER shall have the right to terminate this Agreement upon ninety (90) days
written notice whenever, in the sole judgment of BOWERMAN POWER, Covered Products can no longer be sold in Commercial Quantities. Prior to enacting this clause, BOWERMAN POWER shall leave the Landfill with enough fully operable Flare capacity to
meet the requirements of law or regulatory agencies to consume all Landfill Gas reasonably projected to be produced during the five (5) years following said termination or deposit monies as required per Section 1.14(d) of this Agreement.

 1.15 SURRENDER OF POSSESSION 
 On the expiration of
the Term of this Agreement, or this Agreement’s sooner termination, BOWERMAN POWER shall quietly and peaceably relinquish its rights to utilize the Site to COUNTY, and, if requested by COUNTY, shall cause a good and sufficient quitclaim deed to
be recorded in Orange County, California, in which the Landfill is located. 
 (a) BOWERMAN POWER shall notify COUNTY, no later than 6 months
prior to expiration of this Agreement or within sixty (60) days of any termination of this Agreement, of BOWERMAN POWER’s intention to either remove or abandon the above-ground property, fixtures, and improvements owned by BOWERMAN POWER
which BOWERMAN POWER has placed on the Landfill. BOWERMAN POWER shall within six (6) months after said expiration or termination a) remove such above-ground property if (i) BOWERMAN POWER notifies the COUNTY of its intention to remove
such above-ground property or (ii) COUNTY requests that such above-ground property be removed, and b) clean up any contamination of the Site caused by BOWERMAN POWER. In the event of a dispute as to the source of the contamination,

  
 27 

 
reasonable exploratory costs to determine the source of the contamination shall be borne by the party ultimately determined to be responsible for the contamination. The COUNTY shall have the
right to assume the interconnect agreements for any utility improvements (water, sewer and power), installed by BOWERMAN POWER. BOWERMAN POWER shall make reasonable efforts to ensure the COUNTY acquires these assumption rights, subject to any
approval rights of the counterparty. BOWERMAN POWER and COUNTY shall mutually agree on the final Site configuration. The Site surface shall be left in a regulatory compliant manner unless waived by the Director of OC Waste & Recycling due
to impending landfill operations. 
 (b) Within ninety (90) days of the Commercial Operation Date, BOWERMAN POWER shall select an
engineering firm acceptable to the COUNTY to develop an appropriate estimate to decommission the Conversion System taking into consideration the approximate time value of money at the conclusion of the Term of this Agreement. BOWERMAN POWER shall
provide a surety bond for said decommissioning cost estimate within 30 days of the determination, but no later than one hundred twenty (120) days from the Commercial Operation Date. Said surety bond shall be in form acceptable to the COUNTY and
shall remain in effect until released by the COUNTY and only after BOWERMAN POWER has left the Site in a condition in compliance with the parameters of Section 1.15(a) and acceptable to the Director of OC Waste & Recycling using a
Commercially Reasonable standard of review. 
 (c) BOWERMAN POWER shall leave the Landfill with fully operable Flare capacity adequate to
meet Applicable Law in order to consume all Landfill Gas reasonably projected to be recovered as per Exhibit G, or as amended, at the Landfill during the [***] following the expiration or termination of this Agreement. 

1.16 ASSIGNMENTS 
 (a) Restrictions on
Assignment by BOWERMAN POWER. BOWERMAN POWER may not sell, assign, pledge or transfer this Agreement or any interest BOWERMAN POWER may have hereunder, without the prior written consent of COUNTY, which consent shall not be unreasonably withheld
or delayed, except as follows: 
  

	 	1.	 BOWERMAN POWER may sell, assign, pledge or transfer this Agreement or any interest BOWERMAN POWER may have
hereunder to an Affiliate that is controlled by Montauk. 

  

	 	2.	 BOWERMAN POWER may sell, assign, pledge or transfer this Agreement or any interest BOWERMAN POWER may have
hereunder to one or more lenders (or such lenders’ trustee or agent) as collateral security for any financing provided, directly or indirectly, by such lender(s) in connection with the construction, ownership or operation of BOWERMAN
POWER’S facilities located on the Landfill. 

 Unless specifically agreed in writing by COUNTY, any sale, assignment, pledge or
transfer by BOWERMAN POWER as contemplated by Section 1.16(a)(1) or (2) above, or otherwise as may be consented to by COUNTY, shall not be construed to relieve BOWERMAN POWER of any of its obligations under this Agreement, nor shall any
such sale, transfer, pledge or assignment be deemed to modify or otherwise affect any of COUNTY’S rights hereunder. 

  
 28 

 (b) Ownership of BOWERMAN POWER. As of the Effective Date, 100% of the membership
interests of BOWERMAN POWER are owned by GSF. GSF agrees that it will not sell, assign, pledge or transfer any of the membership interests of BOWERMAN POWER without the prior written consent of COUNTY, which consent shall not be unreasonably
withheld or delayed, except as follows: 
  

	 	1.	 GSF may transfer membership interests of BOWERMAN POWER to an Affiliate that is controlled by Montauk.

  

	 	2.	 GSF may pledge, assign or otherwise transfer membership interests of BOWERMAN POWER to one or more lenders (or
such lenders’ trustee or agent) as collateral security for any financing provided, directly or indirectly, by such lender(s) in connection with the construction, ownership or operation of BOWERMAN POWER’S facilities located on the
Landfill. 

 Unless specifically agreed to in writing by COUNTY, any sale, assignment, pledge or transfer by GSF of membership interests
of BOWERMAN POWER as contemplated by Section 1.16(b)(1) or (2), or otherwise as may be consented to by COUNTY, shall not be construed to relieve BOWERMAN POWER of any of its obligations under this Agreement, nor shall any such sale, transfer,
pledge or assignment be deemed to modify or otherwise affect any of COUNTY’S rights hereunder. 
 For the avoidance of doubt, the parties hereto
contemplate that GSF and its Affiliates (excluding, for this purpose, BOWERMAN POWER) may find it necessary or desirable to provide equity participations in GSF (or such Affiliates) or to provide other financial accommodations or incentives in order
to induce financing parties to provide financing in connection with the construction, ownership or operation of BOWERMAN POWER’s facilities located on the Landfill. Accordingly, COUNTY acknowledges that direct or indirect changes in ownership
of GSF (and/or such Affiliates including Montauk) including any sale of GSF or other financial accommodations or incentives provided by GSF (and/or such Affiliates including Montauk), shall not require the consent of the COUNTY. 

(c) Information. In the event that BOWERMAN POWER sells, transfers, pledges or assigns this Agreement or any interest it may have herein
as contemplated by Section 1.16(a)(1) or (2) or Section 1.16(b)(1) or (2), or otherwise requests that COUNTY approve any other sale, transfer, pledge or assignment of this Agreement or any interest of hereunder, then BOWERMAN POWER
will provide such information about the purchaser, transferee, pledgee or assignee as COUNTY may reasonably request. In the event of a BOWERMAN POWER assignment which requires the approval of the COUNTY as per above, BOWERMAN POWER shall pay to the
COUNTY an Assignment Fee in the amount of [***] by the effective date of the assignment (“Assignment Fee”). 
 (d) Assignment by
COUNTY. COUNTY may sell, transfer, pledge or assign this Agreement, or any of its rights hereunder, to any third party without the consent of BOWERMAN POWER, provided however that if at the time of such sale, transfer, pledge or assignment, such
third party is engaged in the business of generating and selling electricity (or other Covered Products) from Landfill Gas or is otherwise a competitor of BOWERMAN POWER, the COUNTY shall obtain the prior written consent of BOWERMAN POWER, which
consent shall not be unreasonably withheld or delayed. 

  
 29 

 (e) Cooperation in Financing. In the event that BOWERMAN POWER enters into a
financing transaction contemplated by Section 1.16(a) (2), then COUNTY shall, upon the request of BOWERMAN POWER, cooperate with BOWERMAN POWER in order to deliver such customary additional documentation as the financing parties may reasonably
request in order to effectuate such financing transaction. Such additional documentation may include the following (without limitation): 
  

	 	1.	 An acknowledgement by COUNTY of the sale, transfer, pledge or assignment; 

 

	 	2.	 An estoppel certificate confirming the absence of breaches of this Agreement by BOWERMAN POWER or COUNTY, and

  

	 	3.	 An agreement under which COUNTY will provide to the financing party (i) notices of default and/or
termination of this Agreement, (ii) upon default by BOWERMAN POWER under this Agreement, rights of the financing party to cure such defaults and otherwise perform the obligations of BOWERMAN POWER hereunder, (iii) upon default by BOWERMAN
POWER with respect to that financing transaction, “step-in” rights of the financing party (or an assignee of that financing party that is experienced in Landfill Gas to energy operations) to assume
the rights and obligations of BOWERMAN POWER under this Agreement, and (iv) the right of the financing party to receive direct payment of any amounts due to BOWERMAN POWER from COUNTY. 

(f) Continued Obligation. Notwithstanding any provision of this Agreement to the contrary, BOWERMAN POWER at all times shall remain
liable for all acts, actions, inactions, obligations, duties and liabilities related in any way to this Agreement, unless otherwise expressly released in writing by the COUNTY. Unless otherwise expressly agreed to by the COUNTY in writing, the
COUNTY will look to and communicate directly with BOWERMAN POWER with respect to all matters (including, without limitation, all payment obligations and events of default) under this Agreement and will not have any obligation to communicate with any
Affiliate, assignee, sublessee, sublicensee or GSF. 
 (g) Guaranty. As an inducement for the COUNTY consenting to the assignment from
GSF to BOWERMAN POWER, GSF hereby guarantees to the COUNTY the full and prompt payment when due of all of the obligations of BOWERMAN POWER arising under the Agreement (the “Obligations”). GSF hereby agrees as follows: 

 

	 	1.	 GSF agrees that its guaranty of the Obligations hereunder is independent of the obligations of BOWERMAN POWER
under the Agreement and that, if any default occurs hereunder, a separate action or actions may be brought and prosecuted against GSF whether or not BOWERMAN POWER is joined therein. 

 

	 	2.	 GSF agrees that the COUNTY may enforce this guaranty, at any time and from time to time, without the necessity
of proceeding against BOWERMAN POWER. GSF hereby waives the right to require the COUNTY to proceed against BOWERMAN POWER, to exercise any right or remedy under the Agreement or to pursue any other remedy or to enforce any other right.

  

	 	3.	 GSF will continue to be subject to this guaranty notwithstanding: (i) any modification, agreement or
stipulation between the COUNTY and BOWERMAN POWER, or their respective successors and assigns, with respect to the Agreement or the Obligations; (ii) any waiver of or failure to enforce any of the terms, covenants or conditions contained in the
Agreement or any modification thereof, other than a full and indefeasible waiver by COUNTY of all obligations of BOWERMAN POWER under the Agreement; or (iii) any release of BOWERMAN POWER from any liability other than a full and indefeasible
release by COUNTY of all obligations of BOWERMAN POWER under this Agreement. 

  
 30 

 (h) Termination of Guaranty. This guaranty shall be valid and enforceable and shall
not terminate until the earlier to occur of (i) the expiration or termination of this Agreement in accordance with its terms or (ii) the date at which BOWERMAN POWER exhibits a net worth in the amount of [***] dollars. GSF will
provide the County with sixty (60) days written notice of the occurrence of (ii) above and (ii) shall not be effective until the expiration of such sixty (60) day period. 

1.17 REGULATION OF BOWERMAN POWER 
 BOWERMAN POWER is not
a public utility and does not intend to dedicate to public use any of its facilities or the Landfill Gas or Energy recovered or produced from the Landfill. Nothing contained in this Agreement shall be deemed a dedication by BOWERMAN POWER to the
public of any of its facilities or the Landfill Gas or Energy. If any regulatory body shall at any time assert jurisdiction over BOWERMAN POWER or any Affiliate thereof as a public utility by reason of this Agreement, BOWERMAN POWER shall have the
right at such time, upon thirty (30) days’ written notice to COUNTY, to terminate this Agreement. 
 1.18 SURVIVAL 

The provisions of Sections 1.11(b) (i), 1.14 (d), 1.14 (e), 1.15, 2.4, 2.7, 2.8, 2.9, 2.11, 2.13, 2.19, 2.31, 2.33 and 2.34 shall survive the
termination, cancellation or expiration of this Agreement and such provisions shall apply to the full extent permitted by law. 
 1.19 NOTICES 

Any notice, claim (other than as required pursuant to California Government Code Section 900 et seq.), request or demand required or permitted hereunder
shall be in writing and shall be deemed given on the date received if delivered personally, on the date transmitted if sent by telecopy, or three days after the date mailed if sent by registered or certified mail, postage prepaid to the addresses
indicated below: 
  

			
	TO: COUNTY	  	TO: BOWERMAN POWER
		
	 County of Orange
 Director, OC Waste &
Recycling
 300 North Flower Street,
 Suite 400

Santa Ana, CA 92703
 Phone: (714)
834-4000
 Fax: (714) 834-4183
	  	 Bowerman Power LFG, LLC
 c/o Montauk Energy
Holdings, LLC
 680 Andersen Drive
 Foster Plaza 10, 5th Floor
 Pittsburgh, PA 15220

Attn: President
 Phone: (412)
747-8700
 Fax: (412) 921-2847

 Any party hereto may from time to time, by written notice to the other, designate a different address which
shall be substituted for the one above specified. 

  
 31 

 2.1 SUBLEASES 

BOWERMAN POWER shall not enter into any subleases to this Agreement of any kind without prior written approval of the Director of OC
Waste & Recycling which approval shall not be unreasonably conditioned, delayed, withheld or denied. Any sublease entered into without the prior written approval of the Director of OC Waste and Recycling shall be held null and void. 

2.2 PROCEDURE FOR PAYMENT OF COMPENSATION TO COUNTY 

(a) Timing. Subject to Section 2.14 (Force Majeure), payments provided for in Section 1.4 (Compensation to the COUNTY) shall
be payable in arrears by the end of each month following each calendar quarter (April 30, July 31, October 31 and January 31), and payments provided for in Section 1.9(e) (Collection System Improvement Reimbursement) shall be payable
in arrears on or before the thirtieth (30th) day following the receipt by BOWERMAN POWER of the statement described in Section 1.9(e). 

(b) Location for Payment. Payments due to County under this Agreement shall be mailed to the COUNTY at the following address: County of
Orange, Office of the Auditor- Controller, P.O. Box 1955, Santa Ana, California 92702. The designated place of payment and filing may be changed at any time by COUNTY upon thirty (30) days’ written notice to BOWERMAN POWER. Payments may be
made by check payable to the County of Orange. Upon request of the COUNTY Auditor-Controller, BOWERMAN POWER agrees to use wire or other means of electronic funds transfer as the means for payment to the COUNTY. [***] assumes all risk of loss
if payments are made by mail. 
 (c) Payment Terms. All sums due under this Agreement shall be paid in lawful money of the United
States of America, without offset or deduction (except as provided in Section 2.40) or prior notice or demand, except as otherwise allowed by law or this Agreement. No payment by BOWERMAN POWER or receipt by COUNTY of a lesser amount than the
payment due shall be deemed to be other than on account of the payment due, nor shall any endorsement or statement on any check or any letter accompanying any check or payment be deemed an accord and satisfaction, and COUNTY shall accept such check
or payment without prejudice to COUNTY’S right to recover the balance of the amount due or pursue any other remedy in this Agreement. 
 2.3 CHARGE
FOR LATE PAYMENT 
 BOWERMAN POWER and COUNTY hereby acknowledge that the late payment of any sums due under this Agreement will cause the COUNTY to
incur costs not contemplated by this Agreement, the exact amount of which will be extremely difficult to ascertain. Such costs include but are not limited to costs such as administrative processing of delinquent notices, increased accounting costs,
etc. Accordingly, if any payment of any sum due to the COUNTY under this Agreement is not received by the COUNTY within thirty (30) days after the due date, a late charge of [***] of the payment due and unpaid shall be added to the payment, and
the total sum shall become immediately due and payable to the COUNTY. An additional charge of [***] of said payment, excluding late charges, shall be added for each additional month that said payment remains unpaid. Any and all payments (including
partial payments) made by BOWERMAN POWER to the COUNTY must first be applied to any unpaid late charge(s) before reducing the payment (whether current or delinquent) due. BOWERMAN POWER and COUNTY hereby agree that such late charges represent a fair
and reasonable estimate of the costs that the COUNTY will incur by reason of a late payment. Acceptance of such late charges (and/or any portion of the overdue payment) by the COUNTY shall in no event constitute a waiver of any default with respect
to such overdue amount hereunder. The charges for late payment set forth in this Section 2.3 shall accrue and be due and payable whether or not specifically referenced in any individual section of this Agreement. 

  
 32 

 2.4 RECORDS AND ACCOUNTS 

(a) Records. BOWERMAN POWER shall, at all times during the Term of this Agreement, keep or cause to be kept in accordance with GAAP
books, records, and accounts relating to its Landfill operations. Such records may be maintained for the term of this Agreement at BOWERMAN POWER’s offices located in Pittsburgh, Pennsylvania subject to the requirements of Section 2.4(d).

 (b) Financial Reports. Within ninety (90) days after the end of each calendar year, BOWERMAN POWER shall at its own expense
submit to Auditor-Controller a statement signed by the Chief Financial Officer certifying to COUNTY that all payments paid by BOWERMAN POWER to COUNTY pursuant to this Agreement during the prior calendar year were accurately determined in accordance
with the provisions of this Agreement. 
 (c) Government Requests. Upon the request of Auditor-Controller, BOWERMAN POWER shall
promptly provide, at BOWERMAN POWER’s expense, all available data to enable COUNTY to fully comply with any and every requirement of the State of California or the United States of America for information or reports relating to this Agreement
and to BOWERMAN POWER’S use of the Site and Landfill. 
 (d) Examination and/or Audit. COUNTY shall, through its duly authorized
agents or representatives, have the right to examine and audit books of account and records and supporting source documents of BOWERMAN POWER that are not Proprietary Information at any and all reasonable times for the purpose of determining the
accuracy thereof, and of the quarterly statements of sales made and monies received. Said right shall not be exercised by Auditor- Controller more than once each accounting year. 

The above-referenced books, records, and supporting source documents may be kept at BOWERMAN POWER’s offices located in Pittsburgh, Pennsylvania. The
County Auditor- Controller, at BOWERMAN POWER’s request, and at said Auditor-Controller’s sole discretion, may authorize the above-referenced books and records and supporting source documents to be kept in a different single location
outside the limits of Orange County provided BOWERMAN POWER shall at its option, agree to pay all expenses including but not limited to reasonable transportation, food, and lodging necessary for Auditor-Controller to send a representative to audit
books and records at such location outside of Orange County or all expenses to deliver the books, records and supporting source documents to COUNTY from a location outside of Orange County. If the books, records, and supporting documents are
maintained outside of Orange County, upon notification of intent by COUNTY to audit, BOWERMAN POWER may request to deliver certified copies to a location specified by the COUNTY. Such request shall be subject to COUNTY approval, which shall not be
unreasonably denied, delayed, or conditioned. The copies of the books of account and records and supporting documents so provided shall be accompanied by a certification by the Chief Financial Officer of BOWERMAN POWER that such copies are true and
correct copies of the original books of account and records and supporting source documents. 
 The full cost of said audit, as determined by
Auditor-Controller, shall be borne by [***] if either or both of the following conditions exist: 
  

	 	1.	 [***]; and /or 

  
 33 

	 	2.	 [***]. 

Otherwise, COUNTY shall bear the cost of said audit. Such data related to this Agreement shall include, if required, a detailed breakdown of BOWERMAN
POWER’S receipts and expenses which affect such amounts paid to or by the COUNTY under this Agreement. 
 (e) Failure to Maintain and
Keep Records. In addition to any other remedies available to COUNTY at law or in equity or under this Agreement, in the event BOWERMAN POWER fails to maintain and keep books, records, and accounts and/or source documents relating thereto in
accordance with GAAP, or to make the same available to COUNTY for examination and audit, or to record sales and/or to maintain registers to record sales, or to provide financial statements and other information to COUNTY regarding Gross Revenue and
Flare Revenue required by this Agreement, COUNTY, at COUNTY’S option, may: 
  

	 	1.	 Perform such examinations, audits, and/or investigations itself or through agents or employees as COUNTY and/or
its auditors may deem appropriate to confirm the amount of compensation to COUNTY payable by BOWERMAN POWER under this Agreement [***]. 

  

	 	2.	 Require that BOWERMAN POWER [***]. 

The above costs payable by BOWERMAN POWER shall include [***]. 

2.5 SECURITY DEPOSIT 
 A security deposit in an aggregate
amount that, when combined with any other security deposit held by COUNTY hereunder or under the Original Agreement, equals [***] shall be provided to COUNTY within ten (10) days after the Effective Date. This amount shall be adjusted every
[***] on January 1st as per the Cost Index, but in no case shall 1) the amount be less than $[***] or 2) adjust by more than [***] in any three year period. All or any portion of the
principal sum shall be available unconditionally to Director of OC WASTE & RECYCLING for [***]. In the event the Director of OC WASTE & RECYCLING withdraws any or all of the security deposit as provided herein, BOWERMAN POWER
shall, within thirty (30) days of notification of any withdrawal by Director of OC WASTE & RECYCLING, accompanied with an explanation as to why such withdrawal was warranted under this Agreement, replenish the security deposit to
maintain it at the most current calculated amount including any and all Cost Index adjustments. Failure to do so shall be deemed a default and shall be grounds for immediate termination of this Agreement. Such security deposit shall be in the form,
at the sole discretion of BOWERMAN POWER, of either cash or an irrevocable letter of credit, which shall be in a form and issued by a financial institution acceptable to COUNTY. COUNTY acceptance of same shall not be unreasonably withheld,
conditioned or delayed. The security deposit shall be rebated, reassigned, released, or endorsed by Director of OC WASTE & RECYCLING to BOWERMAN POWER within thirty (30) days of the end of the term of this Agreement, provided BOWERMAN
POWER has fully performed each and every material term, covenant, and condition of this Agreement. In the event BOWERMAN POWER terminates this Agreement prior to the completion of the Term of this Agreement BOWERMAN POWER shall [***] (“Early
Termination Fee”). 

  
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 2.6 ASSURANCE REGARDING CONSTRUCTION COMPLETION 

(a) Prior to commencement of construction of approved facilities within the Site and Landfill by BOWERMAN POWER that relates to either
(y) any Conversion System related construction project that exceeds $[***] in cost, or (z) any other construction project that relates to facilities other than a Conversion System and that exceeds $[***] in aggregate cost, BOWERMAN POWER
shall furnish to COUNTY evidence that assures COUNTY that sufficient monies will be available to complete the proposed construction. The amount of money available shall be equal to the [***] (“Equipment Bond”). 

(b) In addition to the Equipment Bond, BOWERMAN POWER shall furnish to COUNTY a labor and material bond (“Labor & Material
Bond”) in an amount [***]. For the avoidance of doubt, the Labor & Material Bond shall not be duplicative of amounts covered under the Equipment Bond. 

(c) Such evidence as required in 2.6(a) and (b), shall be in effect until COUNTY acknowledges, in the case of the Equipment Bond, satisfactory
payment in full and delivery of equipment and, in the case of the Labor and Material Bond, satisfactory completion of construction; such acknowledgement not to be unreasonably withheld, conditioned or delayed and may take one of the following forms,
at BOWERMAN POWER’S sole discretion: 
  

	 	(i)	 Completion bond issued to COUNTY as obligee; 

 

	 	(ii)	 Irrevocable letter of credit issued to COUNTY from a financial institution reasonably acceptable to the COUNTY;

  

	 	(iii)	 Cash or other proof that BOWERMAN POWER has debt or equity financing commitments adequate to complete
construction; or 

  

	 	(iv)	 Any combination of the above. 

(d) All bonds must be issued and executed by an admitted surety insurer authorized to transact surety insurance in the State of California and
issued in a form generally utilized by COUNTY for similar projects. All bonds shall insure faithful and full observance and performance by BOWERMAN POWER of all terms, conditions, covenants, and agreements relating to the construction of
improvements within the Site and/or Landfill. If the surety is unacceptable to the Director of OC WASTE & RECYCLING, BOWERMAN POWER shall promptly furnish such additional surety as may be required by the Director of OC WASTE &
RECYCLING to protect the interest of the COUNTY. The Director of OC WASTE & RECYCLING shall not unreasonably withhold, condition or delay its approval of the surety. Failure to provide the additional surety as may be reasonably required by
the Director of OC WASTE & RECYCLING shall constitute a default under this Agreement. 
 (e) Notwithstanding any provision of this
Agreement to the contrary, COUNTY’S obligation regarding payment for construction of facilities under this Agreement is contingent upon the inclusion of sufficient funding for the services hereunder in the applicable COUNTY budget approved by
the Board of Supervisors. 
 2.7 MECHANIC’S LIENS OR STOP NOTICES 

(a) [***]. 

  
 35 

 (b) In the event a lien or stop notice is imposed upon the Site and/or Landfill as a result
of such construction, repair, alteration, or installation by or at the direction of BOWERMAN POWER, and it relates to an item for which COUNTY is not obligated to reimburse BOWERMAN POWER pursuant to the terms of this Agreement (or has already so
reimbursed BOWERMAN POWER), BOWERMAN POWER shall either: 
  

	 	(i)	 Record a valid release of lien, or 

 

	 	(ii)	 Procure and record a bond in accordance with Section 3143 of the Civil Code, which frees the Site and/or
Landfill from the claim of the lien or stop notice and from any action brought to foreclose the lien. 

 Should BOWERMAN POWER fail to
accomplish either of the two optional actions above within ninety (90) days after the filing of such a lien or stop notice, this Agreement shall be in default and shall be subject to termination pursuant to the terms of Section 1.14.
COUNTY may post and keep posted on the Site and the Landfill such notices of non-responsibility as COUNTY may desire to protect the Landfill against liens. 

2.8 OWNERSHIP OF IMPROVEMENTS 
 As of the Effective Date,
COUNTY shall have title to the Collection System, the Flare Facility, the Collection Instrumentation and Control System and its portion of the Condensate System (as described in Exhibit C-2) including
any improvements thereto installed by or for BOWERMAN POWER at BOWERMAN POWER’s expense. To the extent BOWERMAN POWER has any ownership interest in the Collection System, Flare Facility, Condensate System and the Collection Instrumentation and
Control System, BOWERMAN POWER forever quit claims and assigns, transfers, conveys and delivers to the COUNTY all of BOWERMAN POWER’s rights, title and interest to the Collection System, Flare Facility, Condensate System and the Collection
Instrumentation and Control System. BOWERMAN POWER will deliver an executed copy of the quitclaim deed as set forth in Exhibit F. BOWERMAN POWER shall have title to the Conversion System, the Utility Interface System, its portion of the
Condensate System (as described in Exhibit C-2) and all components of the Landfill Gas handling equipment located within the Site. A map depicting the demarcation point for ownership (location point 1)
of assets by the parties is included in Exhibit C-4 hereto. 
 2.9 UTILITIES 

Except as specifically provided for elsewhere in this Agreement, BOWERMAN POWER shall be responsible for and pay, prior to the delinquency date, all charges
for utilities supplied to BOWERMAN POWER’S operations under this Agreement. 
 2.10 WATER 

To the extent that COUNTY has access at the Landfill to water above the needs of COUNTY for use on the Landfill, COUNTY agrees to make available or permit
BOWERMAN POWER to arrange for the availability of such excess water for use in connection with the operation of the Conversion System or Systems. All of such water made available to BOWERMAN POWER, whether from a private well or storage tank, a
municipal water company, a mutual water company, or any other source, shall be separately metered and shall be provided at the sole expense of BOWERMAN POWER. However, if such water is supplied to BOWERMAN POWER by COUNTY from wells or storage tanks
owned or controlled by COUNTY, such water shall be delivered to BOWERMAN POWER at a cost no greater than the cost to COUNTY. The foregoing shall only apply at such times, if any, during the term of this Agreement that COUNTY has access to water
available for use at the Landfill and which may not be independently obtainable by a third party on as favorable a price or terms, or both. 

  
 36 

 2.11 DAMAGE, DESTRUCTION OR CONDEMNATION OF IMPROVEMENTS 

In the event of any damage, destruction, condemnation, taking or taking for use with respect to the Landfill, or any part thereof or interest therein or
facilities thereon (any such event being referred to as an “Event of Loss”), or should BOWERMAN POWER or COUNTY receive any notice or other information regarding an Event of Loss, the party receiving such notice or other information shall
give prompt written notice thereof to the other party. Subject to each party’s obligations hereunder, BOWERMAN POWER and COUNTY shall be entitled to all insurance proceeds, compensation, awards or other payments or relief relating to property
owned by it that is subject to an Event of Loss, and shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings relating to that Event of Loss. 

2.12 INSURANCE 
 (a) BOWERMAN
POWER’s Requirements. BOWERMAN POWER shall maintain insurance reasonably acceptable to Director of OC WASTE & RECYCLING in full force and effect throughout the term of this Agreement, as provided below. In the event some or all of
the insurance provided by BOWERMAN POWER pursuant to this section lapses, all activities on COUNTY property shall be immediately suspended until such time as all the insurance required by this section has been reinstated to the satisfaction of the
Director of OC Waste & Recycling. Insurance coverage shall include, but not be limited to the Conversion System and any and all associated components, facilities, systems, buildings, or equipment installed or constructed by BOWERMAN POWER
at BOWERMAN POWER’s expense for which BOWERMAN POWER retains title to. Additionally, BOWERMAN POWER shall cause it agents and or subcontractors, which have facilities, systems, buildings or equipment on COUNTY property to provide evidence of
insurance directly to the COUNTY. The policy or policies of insurance maintained by BOWERMAN POWER shall provide the following limits and coverage’s: 
  

	 	(i)	 Liability Insurance 

 

	 	(1)	 BOWERMAN POWER shall maintain commercial general liability insurance covering bodily injury and property damage
utilizing an occurrence policy form, in an aggregate amount not less than $[***]. This limit can be satisfied with a primary and excess policy. The primary policy must have a minimum limit of $[***] per occurrence and a $[***] aggregate.
Subcontractors must comply with the minimum limits of $[***] per occurrence and a $[***] aggregate. Said insurance shall include, but not be limited to, premises and operations liability, independent consultants’ liability, products and
completed operations liability, contractual liability, and personal injury liability. 

  

	 	(2)	 BOWERMAN POWER shall also maintain pollution liability insurance covering bodily injury and property damage, in
an amount not less than $[***]. Insurance shall provide coverage for, but shall not be limited to, pollution damage to the COUNTY’S premises and all third party claims including remediation, as a result of pollution arising from BOWERMAN
POWER’S operation and maintenance of 

  
 37 

	 	
the current Collection Systems and Landfill Gas pre-treatment facilities and any construction, installation and operation and maintenance of an expansion
to the Collection Systems and Landfill Gas pretreatment facilities and the Conversion System. Subcontractors with this exposure shall carry a minimum limit of $[***]. 

 

	 	(3)	 BOWERMAN POWER shall also maintain automobile liability insurance, bodily injury and property damage, in an
amount not less than $[***] combined single limit for each occurrence. Said insurance shall include coverage for owned, hired, and non-owned vehicles and the COUNTY shall be added as an additional insured to
the policy. All subcontractors must comply with this requirement. 

  

	 	(ii)	 Commercial Property Coverage. BOWERMAN POWER shall insure all buildings, facilities, and improvements
owned by BOWERMAN POWER at the Landfill to at least [***]% of their replacement cost, using an All Risk coverage form. 

  

	 	(iii)	 Worker’s Compensation Insurance. Before commencing performance of this Agreement, BOWERMAN POWER
shall furnish COUNTY satisfactory evidence that BOWERMAN POWER has secured worker’s compensation insurance and Employers’ Liability coverage with a minimum limit of $[***] from a responsible insurance company licensed to do business in the
State of California. Such insurance shall be maintained in full force and effect at BOWERMAN POWER’S own expense during the entire term. Notwithstanding the foregoing, BOWERMAN POWER shall have the right to self-insure under this Subsection
(iii). 

 If BOWERMAN POWER does not self-insure, a waiver of subrogation endorsement shall be provided in favor of the
COUNTY. 
 All subcontractors shall provide the same evidence of insurance including the waiver of subrogation in favor of the COUNTY. 

 

	 	(iv)	 Liability Policy Clauses. Each liability insurance policy required by this Agreement shall contain the
following three clauses: 

  

	 	(1)	 “This insurance shall not be canceled, limited in scope of coverage, or
non-renewed until after thirty (30) days written notice has been given to the County of Orange, Director, OC WASTE & RECYCLING, 300 N. Flower, Suite 400, Santa Ana, California, 92703.”

  

	 	(2)	 “County of Orange is added as an additional insured as respect to operations of the named insured at or
from the Frank R. Bowerman Landfill.” 

  

	 	(3)	 “It is agreed that any insurance maintained by the County of Orange will apply in excess of, and not
contribute with, insurance provided by this policy.” 

  

	 	(4)	 All insurance policies required by this contract shall waive all rights of subrogation against the County of
Orange and members of the Board of Supervisors, its elected and appointed officials, officers, agents and employees when acting within the scope of their appointment or employment 

  
 38 

 All subcontractors must also comply with these requirements prior to commencing work on
COUNTY property. 
  

	 	(v)	 Property Policy Clauses. Each property insurance policy required by this Agreement shall contain the
clause set forth in subsection (1) above and the following two clauses: 

  

	 	(1)	 “All rights of subrogation are hereby waived against the County of Orange and the members of the Board of
Supervisors and elected or appointed officers or employees, when acting within the scope of their employment or appointment.” 

  

	 	(2)	 “County of Orange is named as loss payee on this property insurance policy.” 

 

	 	(vi)	 General Requirements. 

 

	 	(1)	 BOWERMAN POWER agrees to deposit with Director of OC WASTE & RECYCLING on or before the Effective
Date, certificates of insurance and required endorsements necessary to reasonably satisfy Director of OC WASTE & RECYCLING that the insurance provisions of this Agreement have been complied with, and to keep such insurance in effect and the
certificates therefor on deposit with Director of OC WASTE & RECYCLING during the entire term of this Agreement. 

  

	 	(2)	 Director of OC WASTE & RECYCLING shall retain the right at any time to review the coverage, form, and
amount of the insurance required hereby. If, in the reasonable opinion of Director of OC WASTE & RECYCLING, the insurance provisions in this Agreement do not provide adequate protection for COUNTY and members of the public, Director of OC
WASTE & RECYCLING may require BOWERMAN POWER to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. Director of OC WASTE & RECYCLING’S requirements shall be reasonable but shall be
designed to assure protection from and against the kind and extent of the risks which exist at the time a change in insurance is required. 

  

	 	(3)	 Director of OC WASTE & RECYCLING shall notify BOWERMAN POWER in writing of changes in the insurance
requirements. If BOWERMAN POWER does not deposit copies of acceptable insurance policies with Director of OC WASTE & RECYCLING incorporating such changes within sixty (60) days of receipt of such notice, this Agreement shall be in
default without further notice to BOWERMAN POWER, and COUNTY shall be entitled to all legal remedies. 

  

	 	(4)	 The procuring of such required policy or policies of insurance shall not be construed to limit BOWERMAN
POWER’s liability hereunder nor to fulfill the indemnification provisions and requirements of this Agreement, nor in any way reduce the policy coverage and limits available from the insurer. 

  
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	 	(5)	 Any insurer providing coverage required by this Section shall be licensed to do business in [***].

 If the insurance carrier is not an admitted carrier in [***], the CEO/Office of Risk Management retains the right to
approve or reject a carrier after a review of the company’s performance and financial ratings 
  

	 	(6)	 All self-insured retentions (SIRs) and deductibles shall be clearly stated on the Certificate of Insurance. If
no SIRs or deductibles apply, indicate this on the Certificate of Insurance with a 0 (zero) by the appropriate line of coverage. Any liability self-insured retention (SIR) or deductible in an amount in excess of $[***] ($[***] for automobile
liability), shall specifically be approved by the County Executive Office (CEO)/Office of Risk Management. 

 (b) COUNTY
Requirements. COUNTY shall at all times during the term of this Agreement maintain such insurance with respect to the Landfill as is customarily maintained by the COUNTY with respect to works and projects of like character. With respect to
COUNTY, or any other governmental entity which may be a successor in interest to COUNTY under this Agreement, the parties agree that self-insurance will satisfy the COUNTY’S insurance requirement. 

2.13 INDEMNIFICATION 
 (a) General
Indemnity. Each party shall defend, indemnify, protect, and hold the other party, its Affiliates and each of their respective employees, officers, members, directors, managers, officials, agents, representatives, tenants, contractors or
servants, harmless from and against any and all claims, penalties, fines, demands, actions, proceedings, liability or losses (including reasonable attorneys’ fees and costs) for injury or death to person(s) or for damage or loss to or of third
party property to the extent arising out of or caused by the indemnifying party’s breach of this Agreement, negligence or willful misconduct. [***]. Apportionment of liability shall be made by a court of competent jurisdiction and neither party
shall be entitled to jury apportionment. Section 2.13(a) shall not apply to claims related to an “Environmental Hazard” which are defined in, and addressed exclusively by, Section 2.13(b) as follows: 

(b) Environmental Hazards. 
  

	 	(i)	 It is agreed that claims relating to Environmental Hazards, as that term is defined herein, are intended to be
addressed by Section 2.13(b) exclusively. For the purpose of Section 2.13(b), the term “Environmental Hazard’ means the presence or existence, in, on, under or about the Landfill, the Site or the adjoining property of COUNTY
(including the surface or groundwater on or under any such property) of any Hazardous Material, or any environmental condition which poses a substantial present or potential hazard to human health or the environment, whether such substance or
condition exists or is discovered before or after the Effective Date of this Agreement. 

  

	 	(ii)	 BOWERMAN POWER shall defend, with counsel approved in writing by the COUNTY (which approval shall not be
unreasonably withheld), indemnify, protect, and hold harmless COUNTY and any and all legal entities governed by the COUNTY Board of Supervisors and each of their respective officers, directors, employees, agents,

  
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contractors and subcontractors from and against any and all damages, fines, penalties, liability and expenses (including reasonable attorneys’ fees, reasonable settlement costs, reasonable
costs of investigation and court costs), arising out of claims, suits, causes of action, awards of damages (including natural resource damages), orders (including cease and desist, compliance and clean-up
orders, remedial actions or corrective or preventative actions, whether sought or issued by judicial or administrative bodies or through public or private action), either at law or in equity, for personal injury of any type to any person (including
any employee or agent of COUNTY or its subcontractors) or damage of any type to any property (including the expense of clean-up or other corrective or preventative action at or remediation of the Landfill, the
Site or lands or water adjacent thereto) arising or alleged to have arisen from an Environmental Hazard but only to the extent, (1) such damage, whether personal injury, property, natural resources or other damage, is demonstrated to have been
proximately caused by BOWERMAN POWER’S negligence or BOWERMAN POWER’s material breach of this Agreement; and (2) such Environmental Hazard does not relate to Condensate that can be classified as a Hazardous Material. Notwithstanding
anything to the contrary in Section 2.13(b)(ii), (A) if any legal entities governed by the COUNTY Board of Supervisors otherwise entitled to defense and indemnity asserts a right to independent counsel, COUNTY shall pay any and all costs
of such independent counsel; and (B) if BOWERMAN POWER wrongfully refuses COUNTY’s tender of defense, and BOWERMAN POWER is ultimately proven to be liable to COUNTY under Section 2.13(b)(ii), BOWERMAN POWER shall be responsible for
COUNTY’s reasonable defense costs. 

  

	 	(iii)	 COUNTY shall defend, with counsel approved in writing by BOWERMAN POWER, (which approval shall not be
unreasonably withheld) indemnify, protect, and hold harmless BOWERMAN POWER, and its Affiliates, members and each of their respective officers, managers, directors, employees, agents, contractors and subcontractors from and against any and all
damages, fines, penalties, liability and expenses (including reasonable attorneys’ fees, reasonable settlement costs, reasonable costs of investigation and court costs), arising out of claims, suits, causes of action, awards of damages
(including natural resource damages), orders (including cease and desist, compliance and clean-up orders, remedial actions or corrective or preventative actions, whether sought or issued by judicial or
administrative bodies or through public or private action), either at law or in equity, for personal injury of any type to any person (including any employee or agent of COUNTY or its subcontractors) or damage of any type to any property (including
the expense of clean-up or other corrective or preventative action at or remediation of the Landfill, the Site, or lands or water adjacent thereto) arising or alleged to have arisen from an Environmental
Hazard, but only to the extent, (1) such damage, whether personal injury, property, natural resources or other damage, is demonstrated to have been proximately caused by COUNTY’s negligence or COUNTY’s material breach of this
Agreement; and (2) such Environmental Hazard does not relate to Condensate that can be classified as a Hazardous Material. Notwithstanding anything in Section 2.13(b)(iii) to the contrary, (A) if a member of BOWERMAN POWER otherwise
entitled to defense and indemnity asserts a right to independent counsel, BOWERMAN POWER shall pay any and all costs of such independent counsel and (B) if COUNTY wrongfully refuses BOWERMAN POWER’s tender of defense, and COUNTY is
ultimately proven to be liable to BOWERMAN POWER under Section 2.13(b)(iii), COUNTY shall be responsible for BOWERMAN POWER’s reasonable defense costs. 

  
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 (c) Obligations of the Indemnitor and Indemnitee. Any party that proposes to assert
the right to be indemnified under this Section 2.13 with respect to any claim, action, suit or proceeding shall, promptly after receipt of notice of any such claim or commencement of any such action, suit or proceeding, notify the indemnitor of
the assertion of such claim or commencement of such action, suit or proceeding, enclosing copies of all papers received; provided, however, that the failure to so notify the indemnitor shall not relieve a party from any obligation to indemnify under
this Section 2.13 except to the extent the indemnitor is actually materially disadvantaged by such failure to give notice. The indemnitor shall have the right and obligation to assume the defense of any claim, action, suit or proceeding with
respect to which indemnification is being sought under this Section 2.13 with counsel reasonably satisfactory to the indemnitee. The indemnitee shall have the right to employ its own counsel, but the fees and expenses of such counsel shall be
at the expense of the indemnitee. The indemnitor shall not be liable for any settlement effected without its prior written consent. The indemnitee shall cooperate with the indemnitor in the defense of any such claim, action, suit or proceeding to
the extent reasonably requested by the indemnitor, and shall provide all information, evidence, assistance and authority necessary to enable the indemnitor to conduct a proper defense. Both parties agree to make witnesses available and to provide
any reasonably requested technical assistance to the other party without requiring a subpoena therefor to pursue or defend any litigation against third parties arising from the matters and things provided for in this Agreement whether or not the
party upon which such request is made is a party to such litigation. Notwithstanding anything to the contrary contained in this Agreement, the obligations of COUNTY and BOWERMAN POWER under Section 2.13 shall survive the termination or
expiration of this Agreement. 
 (d) BOWERMAN POWER warrants that any new or existing hardware, software and firmware (information
technology) provided under this Agreement shall be able to accurately process date/time data (including, but not limited to, calculating, comparing and sequencing) from, into, and between leap years and other years for its intended purpose and to
the extent required for other systems or information technology that are used in combination with or controlled by such information technology to exchange date/time data with it. The duration of this warranty shall coincide with the term of this
Agreement, and BOWERMAN POWER shall indemnify COUNTY against the failure, or the consequences of any failure, of such information technology to meet the requirements of Section 2.13(d) in accordance with the provisions of Section 2.13(a)
above. 
 2.14 FORCE MAJEURE 
 Notwithstanding anything
contained in this Agreement to the contrary, it is expressly understood and agreed that the obligations and times for performance imposed upon either party may be suspended so long as and to the extent that such party is prevented from or delayed in
performing such obligations by events or conditions not within the reasonable control of that party, including without limitation the elements, strikes, Act(s) of God, accidents, casualties, unavailability or delays in delivery of any product,
labor, fuel, service or material, work stoppages, insurrection or civil strife, or unavailability of any form of transportation (each a Force Majeure). This Agreement shall remain in full force and effect during any suspension of any obligations
under any provisions of this Section 2.14 and for a period of two (2) years thereafter, provided that, after the removal of the cause or causes preventing or hindering the performance of such obligation, the applicable party diligently
commences or resumes the performance of such obligation. The end of the Term of this Agreement shall not be extended for reasons of Force Majeure as per the provisions of this Section 2.14. 

  
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 2.15 RECORDING 

COUNTY or BOWERMAN POWER may file for recording with the County Clerk-Recorder of COUNTY a Memorandum of Agreement. The party causing such recording agrees to
provide the other party with a certified copy of the recorded Memorandum of Agreement. Upon termination of this Agreement for any reason, BOWERMAN POWER shall execute and notarize a recordable quitclaim deed, with COUNTY as Grantee, covering the
property and interests contained in this Agreement, subject to BOWERMAN POWER’s right of ownership as provided in this Agreement. 
 2.16 AUTHORITY

 (a) General. COUNTY hereby warrants the title to the Landfill Gas and warrants that it has the full right and authority to
grant to BOWERMAN POWER the rights set forth in this Agreement free and clear of any lien, charge or encumbrance, except as to any prior lien or encumbrance that might have arisen pursuant to the Bond Documents. The enforceability of such warranty
shall be a condition precedent to all obligations of BOWERMAN POWER hereunder. COUNTY further agrees at BOWERMAN POWER’s option to defend, or assist in the defense of, the title to such Landfill Gas and shall indemnify, protect, defend, and
hold BOWERMAN POWER harmless from and against any loss, damages or expenses arising from any claims or actions brought by any third party asserting rights in the Landfill Gas. 

(b) COUNTY’s Interest. It is agreed that if COUNTY owns an interest in the Landfill Gas produced by the Landfill which is less than
the entire and undivided ownership, the compensation to COUNTY due hereunder to COUNTY shall be reduced to the proportion thereof which the interest actually owned by COUNTY bears to the whole and undivided ownership or fee therein. 

(c) Protection of BOWERMAN POWER’s Interests. If and whenever it shall be necessary, in order to protect BOWERMAN POWER’s
interests hereunder, BOWERMAN POWER may at its option, upon sixty (60) days prior written notice, pay and discharge at any time any mortgage, taxes, or other liens now or hereafter attaching to the Landfill or any part thereof as a result of
the default of payment by COUNTY. In such event BOWERMAN POWER shall have the immediate right to recover the full cost of any such mortgages, taxes or liens from COUNTY, together with sums due to BOWERMAN POWER under Section 2.3. 

(d) Further Representations and Warranties. Notwithstanding the foregoing, COUNTY hereby represents, warrants and covenants as of the
Effective Date that except as (1) disclosed in documents made available to BOWERMAN POWER prior to the Effective Date, (2) to Hazardous Materials in de minimis amounts that are deposited from household use in the ordinary course of
Landfill operations, (3) to conditions that should reasonably not have been known to COUNTY after reasonable investigation (limited to OC WASTE & RECYCLING personnel and files on the Effective Date), and (4) to conditions that
arise after execution of this Agreement: (i) the Landfill and all activities conducted thereon are in material compliance with all Applicable Law, including without limitation those relating to Hazardous Materials; and (ii) neither the
execution of this Agreement nor the consummation by COUNTY of the transaction contemplated hereby will (1) conflict with or result in a material breach of the terms, conditions or provisions of or constitute a material default, or result in a
termination of any agreement or instrument to which COUNTY is a party; (2) violate any restriction to which COUNTY is subject; (3) constitute a violation of any Applicable Law, or (4) result in the creation of any lien, charge or
encumbrance upon the Landfill or any part thereof. 

  
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 2.17 LANDFILL CONDITIONS 

The parties acknowledge that due to the significant voids which exist in any landfill and in all probability exist in the Landfill, substantial settlement is
likely to occur in the Landfill (other than with respect to the Site, on which no settlement is expected) during the term of this Agreement. Under no circumstances shall BOWERMAN POWER have any liability to COUNTY, its employees, agents,
contractors, lessees, licensees, or invitees resulting, directly or indirectly, from any change in the surface or subsurface conditions of the Landfill other than the Site resulting from the settlement of the Landfill either during or after the
construction and installation of the Collection System and the installation of the Conversion System or Systems and the Utility Interface. 
 2.18
RESERVATIONS TO COUNTY 
 Notwithstanding any provision of this Agreement to the contrary, COUNTY’s operation and maintenance of the Landfill in
compliance with Applicable Law is paramount to any and all rights and licenses granted to BOWERMAN POWER under this Agreement. The Site and/or Landfill is accepted by BOWERMAN POWER subject to any and all existing easements and encumbrances;
provided, however, that COUNTY represents and warrants that there are no existing easements and encumbrances that would interfere with BOWERMAN POWER’s rights under this Agreement, except as to any prior liens or encumbrances pursuant to the
Bond Documents. COUNTY reserves the right to install, lay, construct, maintain, repair, and operate such sanitary sewers, drains, storm water sewers and drainage channels, pipelines, manholes, and connections; water and gas pipelines; telephone and
telegraph power lines; and the appliances and appurtenances necessary or convenient in connection therewith, in, over, upon, through, across, and along the Site and/or Landfill or any part thereof for purposes of regular operation of the Landfill,
and to enter the Site for any and all such purposes. COUNTY also reserves the right to grant franchises, easements, rights of way, and permits in, over, upon, through, across, and along any and all portions of the Site (with the prior written
consent of BOWERMAN POWER, which shall not be unreasonably withheld) and/or Landfill. In addition, the County reserves the right, in its sole and absolute discretion, to investigate, implement and apply conversion technologies, to reduce the amount
of solid waste disposed of at the Landfill. For the purposes of this Agreement, “conversion technologies” shall include without limitation, any technology that uses non-combustion thermal, chemical
or biological processes to convert solid waste to a clean burning fuel or electricity. Conversion technology processes include, but are not limited to pyrolysis, gasification, acid hydrolysis and anaerobic digestion. Together with diversion of solid
waste from landfills as required by applicable law, the implementation by the County of conversion technologies will reduce the amount of solid waste entering the Landfill, thereby affecting the amount of Landfill Gas created at the Landfill in the
future. Other than the priority right to maintain the Landfill in compliance with Applicable Law and to implement conversion technologies, no right reserved by COUNTY in Section 2.18 shall be so exercised as to interfere unreasonably with
BOWERMAN POWER’s operations hereunder or to impair any right granted to BOWERMAN POWER hereunder. COUNTY requires that contracts and agreements granting rights to third parties by reason of Section 2.18 shall contain provisions that the
surface of the land shall be restored as nearly as practicable to its original condition upon the completion of any construction. COUNTY agrees to minimize any and all such interference and interruptions, and agrees to reimburse BOWERMAN POWER
within thirty (30) days of receipt of an itemized invoice for all reasonable costs and damages incurred as a result of any temporary interference with BOWERMAN POWER’s use of any or all of the Site as a result of the exercise of these
rights, upon receipt of a request for same with reasonable supporting documentation, together with sums due to BOWERMAN POWER under Section 2.3, but subject to the limits set forth in Section 2.34. 

  
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 2.19 DISPOSITION OF ABANDONED PERSONAL PROPERTY 

Subject to the provisions of Section 1.15, if BOWERMAN POWER abandons or quits the Site or is dispossessed of its rights to utilize the Site by process of
law or otherwise, title to any personal property belonging to and left on the Site ninety (90) days after such event shall, at COUNTY’s option, be deemed to have been transferred to COUNTY. COUNTY shall have the right to use, remove, and
to dispose of such property after such 90-day period without liability therefore to BOWERMAN POWER or to any person claiming under BOWERMAN POWER, and shall have no need to account therefore. 

2.20 PUBLIC RECORDS 
 Any and all written information
submitted to and/or obtained by COUNTY from BOWERMAN POWER or any other person or entity having to do with or related to this Agreement and/or the Site, or the Landfill, either pursuant to this Agreement or otherwise, may be a public record open to
inspection by the public pursuant to the California Records Act (Government Code Section 6250, et seq.) as now in force or hereafter amended, or any act in substitution thereof, or otherwise made available to the public and BOWERMAN
POWER hereby waives, for itself, its agents, employees, subtenants, and any person claiming by, through, or under BOWERMAN POWER, any right or claim that any such information is not a public record or that the same is a trade secret or confidential
information and hereby agrees to indemnify and hold COUNTY harmless from any and all claims, demands, liabilities, and/or obligations arising out of or resulting from a claim by BOWERMAN POWER or any third party that such information is a trade
secret, or confidential, or not subject to inspection by the public, including without limitation reasonable attorneys’ fees and costs; provided, however, that should BOWERMAN POWER or any party claiming by, through or under BOWERMAN POWER
possess written information that it regards as proprietary and subject to protection under the trade secret laws that COUNTY has requested, BOWERMAN POWER or any party claiming by, through or under BOWERMAN POWER may elect to allow employees or
representatives of the COUNTY to inspect any such written information without the right to make copies or have any such writing delivered to the COUNTY. In such event, such written information shall, to the extent permitted by applicable law, remain
confidential to BOWERMAN POWER or any party claiming by, through, or under BOWERMAN POWER, and if there are requests under the Public Records Act for information which has been designated as a trade secret/confidential, COUNTY will notify BOWERMAN
POWER, who shall then be responsible for obtaining a court order protecting such information from disclosure. 
 2.21 NONDISCRIMINATION 

BOWERMAN POWER agrees not to discriminate against any person or class of persons by reason of sex, race, color, ethnicity, national origin, ancestry, religion,
pregnancy, age, sexual orientation, sexual identity, physical or mental disability, medical condition, marital status, veterans status, citizenship, or any other protected group status. 

2.22 INSPECTION 
 COUNTY or its authorized representative
shall have the right at reasonable times and upon reasonable notice to BOWERMAN POWER to inspect the Site, Flare Facility and Collection System to determine if the provisions of this Agreement are being complied with. 

  
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 2.23 TAXES AND ASSESSMENTS 

BOWERMAN POWER and its assignees shall pay its taxes levied on the Conversion System, Collection Instrumentation and Control System and the Utility Interface
System, as well as any other taxable possessory interest of BOWERMAN POWER created as to the Site and Landfill. BOWERMAN POWER shall not be liable for any taxes levied on COUNTY or any of COUNTY’s property. 

2.24 SIGNS 
 Other than signs currently existing at the
Site or required by Applicable Law, BOWERMAN POWER agrees not to construct, maintain, or allow any sign upon the Site or the Landfill except as approved by Director of OC WASTE & RECYCLING. Unapproved signs, banners, flags, etc., may be
removed by Director of OC WASTE & RECYCLING without prior notice to BOWERMAN POWER. 
 2.25 PERMITS AND LICENSES 

BOWERMAN POWER shall be required to obtain and maintain any and all approvals, permits, and/or licenses which may be required in connection with any
construction or the operation of BOWERMAN POWER’s interest in the Site, the Collection System, the Flare Facility, the Conversion System and the Utility Interface as set out herein. The parties agree maintaining these permits is a material
covenant of this Agreement. In the event of the revocation or expiration of any permit and or license integral to the operation of the Conversion System, BOWERMAN POWER shall restore said permit and or license in accordance with Section 1.14
(a)(ii) of this Agreement. BOWERMAN POWER shall be required to modify the COUNTY’s permits including but not limited to the COUNTY’s existing Title V permit and SCAQMD permits for the Collection System and the Flare Facility as required to
support the Conversion System and/or for any other control device required. In the event the COUNTY has a requirement to make changes concurrent with BOWERMAN POWER’s needs, the COUNTY and BOWERMAN POWER will agree to proportionately share the
cost of the joint permit modifications. No permit, approval, or consent given hereunder by COUNTY, in its governmental capacity, shall affect or limit BOWERMAN POWER’s obligations hereunder, nor shall any approvals or consents given by COUNTY,
as a party to this Agreement, be deemed approval as to compliance or conformance with Applicable Law. 
 2.26 COOPERATING IN OBTAINING AUTHORIZATION

 Upon reasonable request by BOWERMAN POWER, COUNTY shall make documents available, attend and otherwise assist BOWERMAN POWER in proceedings, hearings,
or other procedures necessitated by any required environmental impact reports, governmental permits, authorizations and similar type requirements, related to the construction and operation of BOWERMAN POWER’s Conversion System and any related
facilities and equipment. Upon reasonable request of COUNTY, BOWERMAN POWER shall assist COUNTY in briefing the officials of a governmental agency or body, or other interested party, with respect to the status of the Conversion System. 

2.27 AGREEMENT ORGANIZATION 
 The various headings and
numbers herein, the grouping of provisions of this Agreement into separate clauses and paragraphs, and the organization hereof, are for the purpose of convenience only and shall not be considered otherwise. 

  
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 2.28 AMENDMENTS AND INTERPRETATION 

Any changes to this Agreement shall be in writing and shall be properly executed by both parties. 

Both COUNTY and BOWERMAN POWER have participated in the drafting of this Agreement and have been represented in such process by legal counsel. Accordingly,
nothing set forth in this Agreement or any of the Exhibits hereto shall be interpreted or construed for or against either COUNTY or BOWERMAN POWER as a consequence of their participation in the drafting of this Agreement. In interpreting any
ambiguities in this Agreement, BOWERMAN POWER acknowledges that COUNTY’s Landfill operational and environmental obligations take precedence over BOWERMAN POWER’s operational needs for its Landfill Gas facilities. 

2.29 CONTROLLING LAW 
 This Agreement has
been negotiated and executed in the State of California and shall be governed by and construed under the laws of the State of California, without reference to conflicts of law’s provisions. In the event of any legal action to enforce or
interpret this Agreement, the sole and exclusive venue shall be a court of competent jurisdiction located in Orange County, California, and the parties hereto agree to and do hereby submit to the jurisdiction of such court, notwithstanding Code of
Civil Procedure Section 394. 
 The parties specifically agree that by entering into and performing under this Agreement, BOWERMAN
POWER shall be deemed to be doing business within Orange County within the meaning of Code of Civil Procedure Section 394 from this Agreement’s Effective Date through the expiration of any applicable limitations period. Furthermore, the
parties have specifically agreed, as part of the consideration given and received for entering into this Agreement, to waive any and all rights to request that an action be transferred for trial to another county under Code of Civil Procedure
Section 394. 
 2.30 RELATIONSHIP OF PARTIES 
 The
relationship of the parties hereto is that of grantor and grantee (or, where appropriate, licensor and licensee), and it is expressly understood and agreed that COUNTY does not in any way or for any purpose become a partner of BOWERMAN POWER in the
conduct of BOWERMAN POWER’s business or otherwise, or a joint venture with BOWERMAN POWER. 
 2.31 ATTORNEYS’ FEES 

In the event that either COUNTY or BOWERMAN POWER brings an action to enforce the terms and conditions of this Agreement or to declare its rights hereunder,
the prevailing party in such action, on trial or appeal, shall be entitled to its reasonable attorneys’ fees, to be paid by the other party, as fixed by the court. 

2.32 COVENANTS AND CONDITIONS 
 Each provision of this
Agreement performable by COUNTY or BOWERMAN POWER, respectively, shall be deemed both a covenant and condition. 

  
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 2.33 DISPOSAL OF LANDFILL MATTER 

BOWERMAN POWER shall, in connection with its recovery of Landfill Gas hereunder, have the right to dispose of any and all matter (whether gaseous, solid or
liquid), removed during drilling, excavation and the recovery and processing of Landfill Gas, in any manner that is not prohibited by regulatory or judicial authority including, but not limited to, return of said matter to the Landfill. Any return
of said matter to the Landfill must be made under the reasonable direction of Director of OC WASTE & RECYCLING, but the Director of OC WASTE & RECYCLING shall not have the right to refuse such return. COUNTY further reserves the
right to direct BOWERMAN POWER to dispose of such matter to a site within the Landfill, from which site COUNTY will be responsible for its further disposal. BOWERMAN POWER may dispose of the above-approved matter at the Landfill at no cost to
BOWERMAN POWER until such time the Landfill is closed to the public at which time BOWERMAN POWER shall be responsible for proper disposal of said material at another approved facility at BOWERMAN POWER’S cost. COUNTY and BOWERMAN POWER agree
that each party shall be the generator of all waste and debris, including but not limited to hazardous waste, which is removed or otherwise generated as result of its action. 

COUNTY and BOWERMAN POWER further acknowledge that no party shall have liability or responsibility for management of waste or debris generated as a result of
the other’s action. COUNTY shall ensure that waste or debris which COUNTY and its personnel generate in performance of COUNTY’s remedial action with respect to the Landfill is properly managed. 

2.34 LIMIT OF LIABILITY 
 Notwithstanding any other
provision of this Agreement to the contrary, in no event shall either party be liable to the other for loss of anticipated profits or revenues, loss by reason of the shutdown or de-ration of facilities, claims
of customers or for incidental or consequential damages of any type. As used in Section 2.34, the term “liable” means liability of any kind whether based in contract (including breach of warranty), tort, strict liability or otherwise.

 2.35 DAYS 
 When performance of an obligation or
satisfaction of a condition set forth in this Agreement is required on or by a date that is a Saturday, Sunday, or legal holiday, such performance or satisfaction shall instead be required on or by the next business day following that Saturday,
Sunday, or holiday, notwithstanding any other provisions of this Agreement, except to the extent that performance is required pursuant to regulatory compliance orders or to respond to conditions that adversely impact COUNTY’S ability to comply
with Applicable Law. 
 2.36 AUTHORITY 
 The parties
executing this Agreement represent that they have the power and authority to execute, deliver and perform this Agreement. Each person executing this Agreement on behalf of a party hereto represents and warrants to all of the parties to this
Agreement that it has the full power and authority to execute this Agreement on behalf of such party and that the Agreement is binding on said party as a result of such execution. 

2.37 SUCCESSORS IN INTEREST 
 This Agreement shall be
binding upon the successors, permitted assigns, licensees, heirs, executors, and administrators of COUNTY and BOWERMAN POWER. 

  
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 2.38 ENTIRE AGREEMENT; SEVERABILITY 

This Agreement, when executed, constitutes the entire agreement by and between BOWERMAN POWER and COUNTY with respect to the subject matter hereof and
supersedes any prior understandings, agreements, including without limitation, the Original Agreement or representations by or between the parties, written or oral, to the extent that they have related in any way to the subject matter hereof. If any
provision of this Agreement is unenforceable, the remaining provisions shall not be affected thereby but shall remain in full force and effect. 
 2.39
TIME 
 Time is of the essence of this Agreement. 
 2.40
OBLIGATIONS CONTINGENT ON APPROPRIATIONS 
 All obligations of the COUNTY under this Agreement are contingent on the inclusion by COUNTY of sufficient
fiscal appropriations in the relevant year’s budget. 
 2.41 SUSTAINABILITY 

OC Waste & Recycling seeks to promote sustainability principles into its business operation by developing reliable and efficient energy solutions and
promoting responsible use of materials and equipment. Improving energy efficiency helps control rising energy costs, reduces environmental footprints, and increases the entity’s value and competitiveness. OC Waste & Recycling desires
to further this commitment to sustainability by encouraging BOWERMAN POWER to adopt a similar business philosophy. Some possible sustainability concepts and practices BOWERMAN POWER may use to promote its sustainability include, but are not limited
to, the following: 
 a) Developing a plan for sustainability. 

b) Retrofitting current systems/buildings for increased energy efficiency. 

c) Selecting energy efficient products and technologies for buildings. 

d) Exploring renewable energy services. 

e) Understanding efficient water solutions. 

f) Reducing your organization’s carbon footprint. 

g) Utilizing green suppliers/vendors. 

h) Attending energy efficient and sustainability events and associated programs. 

i) Recycling and resource recovery. 

j) Incorporating diversion and reuse. 
 The
following are examples of some of the many sustainability objectives BOWERMAN POWER may use: 
 a) Use of recycled products. 

b) Reuse on-site materials where available. 

c) Utilize green sub-contractors. 

d) Identify and utilize energy efficient products. 

e) Minimize use of raw materials/products. 

f) Establish a life cycle costing methodology for projects. 

g) Cost and value appropriately sustainability options. 

  
 49 

 In support of this, BOWERMAN POWER is requested to submit by the first anniversary of the Effective Date and
annually thereafter an updated Sustainability Action Report that demonstrates what measures BOWERMAN POWER is taking to control its impact to the environmental and to contribute to a sustainable work operation. The report will cite target goals,
progress made towards accomplishing those goals and recommendations for short-term and long-term actions that will lessen BOWERMAN POWER’s impact on the environment. The plan may include regional information and activities, and should include
direct statistical information about activities and accomplishments being made on the local level. The reports will be submitted to the Department Contract coordinator and may be included in the Department’s annual reports on sustainability.

 2.42 DOCUMENT CONTROL / PRESS RELEASES / DATA OWNERSHIP 

(a) Regulatory Filings; Ownership of Documents. BOWERMAN POWER shall furnish COUNTY prior to submittal or upon receipt, a copy of all
reports, records, notices and statements filed by BOWERMAN POWER or received by BOWERMAN POWER from any federal, state and local governmental agencies pertaining to the Landfill, Flare Facility, Collection System, and Condensate System related to
the compliance of BOWERMAN POWER’s obligations under this Agreement. COUNTY shall have the right to review drafts of any regulatory compliance filings pertaining to the Landfill, Flare Facility, Collection System, and Condensate System and
provide comments in a timely manner for reasonable consideration by BOWERMAN POWER prior to submittal by BOWERMAN POWER to any regulatory agencies 

(b) All documents, regulatory filings, reports and derivative materials pertaining to the Landfill, Flare Facility, Collection System, and
Condensate System produced or furnished under this Agreement by BOWERMAN POWER shall inure to the benefit of and be considered property of COUNTY and may be used by the COUNTY as it may choose without additional cost to the COUNTY, provided,
however, that BOWERMAN POWER shall retain the right to use and reproduce all materials developed, paid for or authored by BOWERMAN POWER 

(c) Data. All materials, documents, data or information in raw and or finished form or collected by BOWERMAN POWER and or obtained from
COUNTY data files or any COUNTY medium furnished to BOWERMAN POWER in the performance of this Agreement shall at all times remain the property of the COUNTY and, at COUNTY’s request, shall be returned to COUNTY at the expiration or termination
of this Agreement. Such data or information may not be used or copied for direct or indirect use by BOWERMAN POWER after completion or termination of this Agreement without the express written consent of the COUNTY 

  
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 2.43 ATTACHMENTS TO AGREEMENT 

This Agreement includes the following, which are attached hereto and made a part hereof: 

 

			
	EXHIBIT A:	  	Description of Landfill
		
	EXHIBIT B:	  	Description of Site or Plat Map
		
	EXHIBIT C-l:	  	Flare Facility Description and Routine Operation, Repair and Maintenance and Major Maintenance
		
	EXHIBIT C-2:	  	Condensate System Description and Routine Operation, Repair and Maintenance and Major Maintenance
		
	EXHIBIT C-3:	  	Landfill Gas Collection System Description and Routine Operation, Repair and Maintenance and Major Maintenance
		
	EXHIBIT C-4:	  	Ownership Demarcation Point and Map
		
	EXHIBIT C-5:	  	Map of Existing Collection System
		
	EXHIBIT D:	  	Description of the Conversion System
		
	EXHIBIT E:	  	Health and Safety Laws and Regulations
		
	EXHIBIT F	  	Quitclaim Bill of Sale
		
	EXHIBIT G	  	Landfill Gas Generation Rate Table. Revision 05-22-09

  
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 IN WITNESS WHEREOF, COUNTY and BOWERMAN POWER hereto have executed this Agreement on the
dates opposite their respective signatures. 
  

									
		 		 		 	 COUNTY OF ORANGE

					
	Date:	 	11/17/11	 		 	By:	 	 /s/ Dylan Wright

		 		 		 	Director, OC WASTE & RECYCLING
				
	APPROVED AS TO FORM:	 		 		 	
	COUNTY COUNSEL	 		 		 	
	ORANGE COUNTY, CALIFORNIA	 		 		 	
					
	Date:	 	10/13/2011	 		 	By:	 	 /s/ [illegible]

		 		 		 		 	Deputy
				
		 		 		 	 Bowerman Power LFG, LLC* 

					
	Date:	 	10/10/2011	 		 	By:	 	 /s/ David R. Herrman

		 		 		 		 	Print Name: David R. Herrman
		 		 		 		 	Title: President
					
		 		 		 		 	GSF Energy, LLC
					
	Date:	 	10/10/2011	 		 	By:	 	 /s/ David R. Herrman

		 		 		 		 	Print Name: David R. Herrman
		 		 		 		 	Title: President

 With this signature, GSF Energy LLC hereby consents to the requirements of Section 1.16(c) Guaranty. 

 

	*	 If a corporation, the document must be signed by the corporate officers. The first signature must be either the
Chairman of the Board, President, or any Vice President. The second signature must be the secretary, an assistant secretary, the Chief Financial Officer or any assistant treasurer. 

  
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