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EMISSIONS REDUCTION PURCHASE AGREEMENT ? Version 3.0 2006 This Agreement has been developed by the International Emissions Trading Association (IETA) to facilitate trading under the Clean Development Mechanism (CDM). IETA encourages the use of this document by all interested parties. WAIVER: THE FOLLOWING AGREEMENT WAS PREPARED BY IETA EXERCISING ITS BEST DUE DILIGENCE. HOWEVER, IETA, THE IETA MEMBERS, REPRESENTATIVES AND IETA BOARD OF DIRECTORS INVOLVED IN ITS PREPARATION AND APPROVAL SHALL NOT BE LIABLE OR OTHERWISE RESPONSIBLE FOR ITS USE AND ANY DAMAGES OR LOSSES RESULTING OUT OF ITS USE IN ANY INDIVIDUAL CASE AND IN WHATEVER JURISDICTION. IT IS THEREFORE THE RESPONSIBILITY OF EACH PARTY WISHING TO USE THIS MASTER AGREEMENT TO ENSURE THAT ITS TERMS AND CONDITIONS ARE LEGALLY BINDING, VALID AND ENFORCEABLE AND BEST SERVE TO PROTECT THE USERS LEGAL INTEREST. ? International Emission Trading Association (IETA). This document may be freely used, copied and distributed on the condition that each copy shall contain this copyright notice. Foreword The International Emissions Trading Association (IETA) is a non profit organization created in June 1999 to establish a functional international framework for trading greenhouse gas emissions reductions. Its 134 international members include leading multinational companies from across the carbon trading cycle: emitters, solution providers, brokers, insurers, verifiers and law firms. IETA works for the development of an active, global greenhouse gas market, consistent across national boundaries. In doing so IETA focuses on the creation of systems and instruments that will ensure effective business participation. This version 3.0 of the Emissions Reduction Purchase Agreement (ERPA) for the Clean Development Mechanism (CDM), dated 13 September 2006, reflects further market development, input from market players and the decisions by the COP/MOP as well as CDM Executive Board. It should be used in conjunction with the C