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This Regional Power Purchase Agreement is dated as of � � ("Effective <br /> Date"),and is witnessed,acknowledged,and executed by authorized representatives of CEI Solar <br /> One, LLC a California Corporation ("Seller") and the City of Redwood City, a charter city and <br /> municipal corporation of the State of California of the State of California ("Buver"), as evidenced <br /> by their signature on the last page of this document <br /> RECITALS <br /> A. Buyer wishes to meet its power requirements cost effectively, efficiently and in an <br /> environmentally-friendly manner; <br /> B. Buyer has solicited proposals from persons, firms, organizations, and/or other legal <br /> entities to provide such power from renewable resources in a cooperative/joint <br /> solicitation led by the County of Alameda; <br /> C. Seller is in the business of designing,constructing and operating solar photovoltaic ("PV") <br /> electric generating systems for the purpose of selling power generated by the systems to <br /> its Buyers; <br /> D. Buyer has selected Seller to design, construct, own and operate solar PV generating <br /> systems to be located on its property subject to the terms, conditions, covenants and <br /> provisions set forth herein(each, a "Facility" and collectively the "Generating Facilities"); <br /> E. Seller intends to construct, own, and operate renewable energy-powered Generating <br /> Facilities that shall qualify as an eligible renewable energy resource ("ERR") under the <br /> State of California Renewable Portfolio Standard ("RPS") and desires to sell electricity <br /> produced by such generating facility together with other attributes to Buyer pursuant to <br /> the terms, conditions, covenants and provisions set forth herein; <br /> F. Buyer desires to purchase electricity generated by Seller's Generating Facilities, together <br /> with all Environmental Attributes pursuant to the terms and conditions set forth herein; <br /> NOW, THEREFORE,in consideration of the mutual promises contained herein and <br /> other valuable consideration, the receipt and sufficiency of which are hereby <br /> acknowledged, the parties agree as follows: <br /> ATTY/AGR/2015.012/POWER PURCHASE AGREEMENT-CEI SOLAR ONE LLC <br /> REV:01-21-15 MLG <br /> Page 4 of 55 <br />