Renewable Energy Certificates - Terms and Conditions
The following text is printed on the back of each Certificate:
About Mondial Energy
Mondial Energy Inc. (“MEI”) is a renewable energy company engaged in developing, owning, operating and maintaining solar energy systems serving the energy needs of buildings owned by its customers. The energy produced by these facilities is sold to the building at competitive prices. MEI makes renewable energy an accessible, economical alternative to traditional power sources. By purchasing this Certificate, your contribution helps Mondial pursue future renewable energy initiatives.
About Fat Spaniel
Fat Spaniel Technologies, Inc. is the market leader in providing critical monitoring and reporting services for the renewable energy industry. Our services for PPA service providers, integrators, utilities, OEMs and system installers allow our partners to optimize energy output, cut the cost of operations and maintenance, reduce risk and increase project ROI (return on investment) for renewable energy systems.
Terms and Conditions
This Certificate is sold on the following terms and is also subject to the terms and conditions communicated by MEI at the time of purchase through its website or other printed materials.
MEI confirms that the 100 thermal kWh of renewable energy represented by this Certificate has been generated by one of its solar energy facilities and has been sold and delivered to an energy purchaser. MEI has not sold, traded or transferred any of the carbon offsets, green credits or other similar attributes relating to the energy represented by this Certificate. MEI commits to permanently “retire” these offsets, credits and credits and will not subsequently resell them.
The purchase of this Certificate is made on the following express understandings and conditions:
1. This Certificate is of symbolic value only. It has no commercial value and cannot be resold by the purchaser. This Certificate does not convey to the purchaser any marketable or tradable interest in energy, green credits or other attributes. There are no income tax deductions or government rebates or other incentives available as the result of the purchase of this Certificate.
2. MEI represents and warrants to the purchaser that the energy represented by this certificate has been generated from 100% renewable sources and that MEI will never purport to sell quantities of offsets, credits or other attributes exceeding the total amount of renewable energy it has actually produced. The energy output reflected by this Certificate has been determined by on-site meters independently read and monitored using state of the art remote meter monitoring services provided by Fat Spaniel Technologies, Inc. However, MEI’s renewable energy production is not independently audited or certified by any outside agency or program.
3. MEI is a for-profit corporation. The amount paid for Certificates will be used at the discretion of MEI in pursuit of general corporate objectives and for the benefit of its shareholders, and will not be segregated to any particular project or business activity. MEI’s corporate activities and emphasis may change from time to time as determined by its Board of Directors. While the funds from the sale of this Certificate will generally support MEI's business activities, this Certificate is not an equity security or debt obligation of MEI and the owner of the Certificate does not acquire any investment or ownership interest in MEI, in any of its projects or facilities or in any energy produced. The Purchaser has no right to claim any repayment of the amounts paid for this Certificate.