Return-Path: Received: from server.64xmedia.com by server.64xmedia.com with LMTP id B6YHC97vy2TXMQAAdUq3JA (envelope-from ); Thu, 03 Aug 2023 14:20:14 -0400 Return-path: Envelope-to: directory@aicenergycorp.com, jwilson@aicenergycorp.com Delivery-date: Thu, 03 Aug 2023 14:20:14 -0400 Received: from wsip-72-211-63-13.lv.lv.cox.net ([72.211.63.13]:56396 helo=DESKTOPK3JB9CK) by server.64xmedia.com with esmtpsa (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.96) (envelope-from ) id 1qRcvl-0003Jd-33; Thu, 03 Aug 2023 14:20:14 -0400 From: To: "'Wayne Rousch'" Cc: , "'Jennifer Wilson'" , References: <002301d9c58d$7a161b30$6e425190$@aicenergycorp.com> In-Reply-To: Subject: RE: Draft Term Sheet for SAF & ARD Date: Thu, 3 Aug 2023 11:20:13 -0700 Message-ID: <003b01d9c637$259e42d0$70dac870$@aicenergycorp.com> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_NextPart_000_003C_01D9C5FC.793F6AD0" X-Mailer: Microsoft Outlook 16.0 Thread-Index: AQG9yW14G5sWEoRGXBPf2oTcQfiVaQFMcWUosAZ2iPA= Content-Language: en-us This is a multipart message in MIME format. ------=_NextPart_000_003C_01D9C5FC.793F6AD0 Content-Type: multipart/alternative; boundary="----=_NextPart_001_003D_01D9C5FC.793F6AD0" ------=_NextPart_001_003D_01D9C5FC.793F6AD0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hi Wayne, I think most of the changes you made were good. I am attaching a revised Draft 6 and made my changes in blue. Items in italics are comments (to be deleted in the final version). If needed, I should be free tomorrow afternoon to discuss via phone if necessary. Sincerely, Phillip Stack From: Wayne Rousch Sent: Thursday, August 3, 2023 8:28 AM To: pstack@aicenergycorp.com Cc: jmelk06@icloud.com; 'Jennifer Wilson' ; directory@aicenergycorp.com Subject: Re: Draft Term Sheet for SAF & ARD Phil Attached highlights of potential changes to the DRAFT TERM Sheet for discussion. Wayne Rousch, President & CEO Carbon Clean Energy Inc. +1(403) 827-8597 From: pstack@aicenergycorp.com > Date: Wednesday, August 2, 2023 at 4:05 PM To: Wayne Rousch > Cc: jmelk06@icloud.com >, 'Jennifer Wilson' >, directory@aicenergycorp.com > Subject: Draft Term Sheet for SAF & ARD Hi Wayne, I took a look at the most recent draft we had regarding your term sheet and made a few adjustments. I have attached a new draft version of the agreement. The biggest change I made is regarding the incentives. I don't think we would be interested in the incentives (mainly because I do not know if AIC&Kake will have a trading arm capable of moving the incentives). I also wrote the governing laws as Alaska. Please feel free to make any changes to the draft agreement as Revision 5 and send back. Sincerely, Phillip Stack ------=_NextPart_001_003D_01D9C5FC.793F6AD0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Hi Wayne,

I think most of the = changes you made were good. I am attaching a revised Draft 6 and = made my changes in blue. Items in italics are comments (to = be deleted in the final version).

If needed, I should = be free tomorrow afternoon to discuss via phone if = necessary.

Sincerely,
Phillip = Stack

From: Wayne Rousch <wrousch@ccenergy.ca> =
Sent: Thursday, August 3, 2023 8:28 AM
To: = pstack@aicenergycorp.com
Cc: jmelk06@icloud.com; 'Jennifer = Wilson' <jwilson@aicenergycorp.com>; = directory@aicenergycorp.com
Subject: Re: Draft Term Sheet for = SAF & ARD

Phil

Attached = highlights of potential changes to the DRAFT TERM Sheet for = discussion.

Way= ne Rousch, President & CEO

Car= bon Clean Energy Inc.

+1(= 403) 827-8597

From: pstack@aicenergycorp.com = <pstack@aicenergycorp.com>=
Date: Wednesday, August 2, 2023 at 4:05 PM
To: = Wayne Rousch <wrousch@ccenergy.ca>
Cc:= jmelk06@icloud.com <jmelk06@icloud.com>, 'Jennifer = Wilson' <jwilson@aicenergycorp.com&g= t;, directory@aicenergycorp.com <directory@aicenergycorp.com>
Subject: Draft Term Sheet for SAF & = ARD

Hi = Wayne,

I took a = look at the most recent draft we had regarding your term sheet and made = a few adjustments. I have attached a new draft version of the = agreement.

The biggest = change I made is regarding the incentives. I don’t think we = would be interested in the incentives (mainly because I do not know if = AIC&Kake will have a trading arm capable of moving the = incentives). I also wrote the governing laws as = Alaska.

Please feel = free to make any changes to the draft agreement as Revision 5 and send = back.

Sincerely,

Phillip = Stack