lb7o~?.

o/ocT('

d
QOPFSETTBRft
a

INVOICE
Suite # 1500,1055 West Hastings Street
Vancouver, BC, CANADA
V6E2E9 INVOICE: 226138
Phone (604) 628-2494 CUSTOMER ID: 693353
Email: accounts@offsetters.ca DATE: NOVEMBER 30,2011

TO: FOR:
Pacific Carbon Trust
Attention: David Mutter PoA consulting
976 Meares Street
Victoria, BC

:&;>j.:>iZi(i*S ;-.i=<

PoA consulting 3 Days $1,250 $3,750

Wire Payment instructions:

Bank: TD Commercial Bank
Bank Address: 700 West Georgia Street, Vancouver, BC, CANADA

Transit: 94000

Institution Number/Bank Code: 004

SWIFT Code: TDOMCATTTOR

Beneficiary Name: Offsetters dean Technology Inc.

Beneficiary Address: 1200-1067 West Cordova Street,
Vancouver, BC, Canada
Account Number: 0902-5328873

HST: $450
invoice is payable within 30 days TOTAL PAYABLE $4,200
PACIFIC CARBON TRlisT
R8P ACCOUNT ACTIVITY PROJ L O C AT I O N
AMOUNT
1 Cft <<?QO\
2,
3^
A.

PA I D *

JANOS2012
 /J/S-^y&w
OFFIETTIRI .

Suite #1500,1055 West Hastings Street

Vancouver, BC V6E 2E9
Phone (604) 628-2494

INVOICE: 221906
CUSTOMER ID: 693353
DATE: MAY 30, 2011

TO: FOR:
Pacific Carbon Trust
Attention: David Muter Suns Select Delta Verification i.
976 Meares Street Project report dated 18th April 2011
Victoria, BC
Withheld under section 21 of FOIPPA

JUN 1 6 2011
Make all checks payable to Offsetters Clean Technology Inc.
Invoice due upon receipt.
^
Thank you for your business. rO
reasonable request of PCT and at PCT's cost, make, do, execute or cause and procure to
be made, done and executed all such further acts, deeds or assurances as may be
reasonably required for effectively and completely vesting in PCT the Project Offsets
hereby granted, sold, conveyed, assigned, transferred and set over.
3. INTERPRETATION.
For the purposes of this Transfer, unless there is something in the subject matter or
context inconsistent therewith or unless otherwise specifically provided: (a) all
capitalized words used but not defined herein shall have the meanings ascribed to those
terms in me Offset Agreement; and (b) the headings in this Transfer are inserted for
convenience of reference only.

4. CODNTERPARTS.
This Transfer may be executed in any number of counterparts. Bach counterpart is an
original, but the counterparts together are one and the same instrument. This Transfer is
binding on the Parties on the exchange of the counterparts. A copy of a counterpart sent
by facsimile or email is as effective as an original counterpart and is sufficient evidence
of me execution of the original.

IN WITNESS WHBREOF PCT and Vendor have executed this agreement on the date
first above written.

PACIMCCABBON TRUST INC. A OEFSETTER^CLEAN

TECHNOL

Per: '-J> X / S ' Per:

Authorized Signatory
 EXHIBIT "C"
TRANSFER FORM
This Assignment and Transfer Agreement (this "Transfer'*) is dated 24th May 2011, and
is between PACIFIC CARBON TRUST INC., a British Columbia Crown corporation
("PCT') and Offsetters Clean Technology, a British Columbia coiporation ("Vendor").
WHEREAS pursuant to an Offset Purchase Agreement between PCT and Vendor made
as of 9th March 2011 (the "Offset Agreement"), Vendor agreed to sell, convey, assign,
transfer and set over to PCT certain Project Offsets (as that term is defined in the Offset
Agreement). . .
NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in the
Offset Agreement and this Transfer, PCT and Vendor agree as follows:

1. TRANSFER AND ASSIGNMENT.

Vendor hereby absolutely and irrevocably grants, sells, conveys, assigns, transfers and
sets over all of Vendor's right, title, interest, property, claim and demand in and to the
following Verified Project GHG Reductions, and all GHG Reduction Rights in
connection therewith,, to PCT:

Contract Project and Address Quantity (<C02e)
Vintage
1st January 2008-3 lu Katatheon Farms Inc.
January 2011 2438-210th Street
Langley, BC
V2Z2A9 Withheld under section 21 of FOIPPA

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to PCT hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to PCT, Vendor agrees that it holds all such.Project Offsets in trust for PCT
from the date hereof until such time as they are effectively granted, sold, conveyed,
assigned,"transferred and set over to PCT, provided that all such.Project Offsets shall be
so dealt with within 80 years of the date hereof.

2. NO INTERFERENCE.

Vendor shall, not, nor shall it cause or attempt to cause or assist any corporation,
partnership, entity or person to, commence any action, claim or demand of any nature or
kind, in law or in equity, or take any action, which could in any way prejudice, hinder,
impair or prevent PCT's ability to use, grant, sell, convey, assign, transfer or set over or
reduce or limit the value or usefulness of, the Project Offsets granted, sold, conveyed,
assigned, transferred and set over to PCT hereunder. Vendor hereby covenants and
agrees with PCT that Vendor will, from time to time and at all times hereafter, upon the
 PACIFIC CARBON TRUST
A C T I V I T Y P R O J L O C AT I O N AMOUNT
RSP ACCOUNT

??M
Involcs ft ?21792 Rl
hWDICE. Company* 00140
OFFSETieflS0

V
Invujuii UJltr TJ3E3r2|l1
Puimtn e4r2(11
Terms: DUEUf JMRECEIPT
CONTRACT wPO# Cut.#: 693353
TOTAL
Pjjga: AHOUNftoH

tiu^iwHc-sw Customer Address: -CURRENCY"

Billing Address:
PACIFIC CARBON TRUST PACIFIC CAPROM trust
976 Meares Street sIokATlmfe- tpn4ng luffiooty 076 Meore_s siree] ferpiyminl
VICTORIA BCV8V3J4

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email: occounls@offsetters.ca
#1500 1055 West Hastings Street Website: www.offselters.ca
Vancouver BCV6E2E9

HST/GSTNo.: 845369354

Message: Katatheon Verification 1 t '

As per project report dated May 12th, 2011. Unit pricel Withheld under section 21 ofFOIPPA
Una Project Remark Reference Units UOM Amount

001 6410000 KotathNnCoifccnOrrstii

HST

Sub-Total $125,403.75
Tox Amount 15.048.45

Balance Due CAD $140,452.20

^ !i\
^ Q C { f r -

$
 Invoice U: 221701 - Rl
INVOICE Company #: 00140
OFFSETTERS J>
Invoice Date: 05/19/2011
Due Date: 05/19/2011
Terms: DUE UPON RECEIPT
Cust.S: 693353

Page: 1of1 j

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

976 Meares Street 976 Meares Street
VICTORIA BC V8V 3J4 VICTORIA BCV8V3J4

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email: accounts@offselfers.ca
#1500 -1055 West Hastings Street Website: www.offsetters.ca
Vancouver BC V6E 2E9

HST/GSTNo.: 845369354

Message:

Withheld under section 21 of FOIPPA

( Line Project Remark Reference

001 6410000 BoniB Payment

PACIFIC CARSON TRUST

RSP ACCOUNT A C . V. T Y PROJ L O C AT I O N AMOUNT

i DA
2 _
3
4
CONTRACTorPO#
TOTAL

J>,z
AMOUNT
Z"1
\ SIGNATURE, *><*..ml rv* reived: pnc and .*!.*"> <* ed "CURRENCY

SIGNATURE'*Penlin9 luuvwnV
Amount " J ^ r . ^ V n ^ ^ccrpo^^a^^'^^"'^'^^"'
 uoa x>^ / s >- ,JQ&
"ONI
AO'iojmo^JSTr'aiaOTaixasMO oj>axsa'axNoaavDoiaiovi
TO^umaAoqBisuj
ajBp aq uo luaniaaiSB sun pajnoaxa aABq JOpusA pus xod aOHHHKLM. SSHNHM. jSH
TBTjn3|io aqi jo ubftnoaxo aq* jo
aouapiAa "vratomtis si pro ^djajimoo tbujSuo us sb aAUoajja sb si neuia 10 erjmisoBj *q
ttras ^diaiimoo b jo'iCdoo v 's^diaHmoo eqijo eSuBnpxa oqj. no soxjid[ aq no 3uipurq
si jcgsaeax sfqx ,*uauiausui oraes atn puB duo are laqjaSoj, s^dsnunoa eqj jnq '[bujSwo
ua s| ^Bdjaumoo qoeg -sjOTdjajunoo 10 jequmu Aub in panioaxo aq Abui JajsuBix siqx
sx*aVdaaxNaoD v
a*tuo aouaiajaijo oouajuaAuoo
toi pajiasut are idjsutux TO ** S3rW <* (<0 P frww*8V WK> B "f *
esom oi paqjiosB s3inus9ui sqj aABq nBqs xnaiaq paugap pu ;nq pasn spiOiA pazinniaBO
,, (b) :papiAaid XnBoijioads asiAuaino ssaKm 10 tniMaiaqj juajsisuoouf ixejuoo
jo aanw Wfqas aq* uj Stj^ouios si arauj ssspm <iajsuBJX sun jo rasotfcnd aq ioj
NonvxaHjaaxNi *e
jdAo ;as pus paxrajsuBij 'pau8|S8B 'paAaAuoa 'pips paiUBJ3 Aqaieq
spsno P3fa at xOd *$ SunsaA QmJBfaaQ pus XiaAnoajja JQJ pajftibai AjqBUOSBai
aq Xbto sb -soouBjmssB jm> spaap 'spa isTflxnj qons itb pajnoaxa pxre auop apnea oq
o* ojnooid pns esiffio 10 ettioaxa 'op 'sxbui 'isoo stX0d * pro XOd JO Vxxfo* oiq8osBw
qui uodn 'jqjBaaaq saim* nB jb pus aran o* Tjinraoja'nm JopnoA^T^jod^l^sda)3B
pro snrenPAoo Aqaxaq iopnoA -x^aom JOd <* **ao pe pus ixmajsuBi* *paU8iss8
pakoAUOD pips paunu3 sjosjjo Wf0** dtU 3 ssanrnjasn jo en|BA aq* ^lanj to aonpaj
 EXHIBIT "B"
Transfer Form

This Assignment and Transfer Agreement (this "Transfer") is dated 18th May 2011, and
is between PACIFIC CARBON TRUST INC., a British Columbia Crown coiporation
("PCT") and OFFSETTERS CLEAN TECHNOLOGY, a British Columbia corporation
(Vendor").
WHEREAS pursuant to an Offset Purchase Agreement between PCT and Vendor made
as of 18,h October 2010 (the "Offset Agreement"), Vendor agreed to sell, convey, assign,
transfer and set over to PCT certain Project Offsets (as that term is defined in the Offset
Agreement).

NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in the

Offset Agreement and this Transfer, PCT and Vendor agree as follows:
1. TRANSFER AND ASSIGNMENT.

Vendor hereby absolutely and irrevocably grants, sells, conveys, assigns, transfers and
sets over all of Vendor's right, title, interest, property, claim and demand in and to the
following Verified Project GHG Reductions, and all GHG Reduction Rights in
connection therewith, to PCT:

Vintage Project and Address Quantity (tCOje)

1st July 2010 to 22^ Canfor Fort St John Fuel ( I
March 2011 ' Switch Project
Swanson Lumber Road
RR1 Site 13, Withheld under section 21 of FOIPPA
Compartment 2
Fort St. John, BC
V1J4M6

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to PCT hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to PCT, Vendor agrees that it holds all such Project Offsets in trust for PCT
from the date hereof until such time as they are effectively granted, sold, conveyed,
assigned, transferred and set over to PCT, provided that all such Project Offsets shall be
so dealt with within 80 years of the date hereof.

2. NO INTERFERENCE.
Vendor shall not, nor shall it cause or attempt to cause or assist any corporation,
partnership, entity or person to, commence any action, claim or demand of any nature or
kind, in law or in equity, or take any action, which could in any way prejudice, hinder,
impair or prevent PCT's ability to use, grant, sell, convey, assign, transfer or set over or
 /0fifa/aff&d fni/oos-)

invoice*: 221702 - Rl )
INVOICE Company f: 00140
eoppseirtRiQ- Invoke Date-: Q9/1U2D11
Due Date: 03/10.2011
Terms: DUE U?ON RECEIPT
Cust.ft 603353

Pag*: i o fl

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARSON TRUST

976 Mures Strest 876 Meares Street
VICTORIA BCV8V3J4 VICTORIA BGV8V3J4

Remit to: Phone: 604 eOS-2650

Fax: 604 608-2730
Offiettera Clean Technology Ino. Email: acoountsSon*set!er5.oa
#1600 - 1055 Wsit Halting* Street Website: vw/w.offasliers.ea
Vancouver BC VflS 2E0

HST/GSTK'o.: 6463653C4

Message:
Canfor Fort St John Offsets
Withheld under section 21 of FOIPPA

Lino Project Remark Reference Unit* UOM Amount- Ta x

T H l " ' " f f l S S t i f " A s p y F i o j Tc l R i p o Ti o a s a A p r l . 1 9 . 11 z t S f i . i a

A>h

O T
' ty/O

PACIFIC CARBON TRUST

RSP ACCOUNT ACTIVITY PROJ L O C AT I O N AMOUNT
Voo l o f f i l CP
2 l?*s ' ZZ1 pSffv
4

CONTRACTorPO "ZDQoaq. TOTAL

AMOUNT

NATURE 080* iirt <* kWi Weii4rtlll*6il vtrtfld

CURRENCY

SIGNATURE ipenAng iftii*/

Amount pad w icwdanc* wUi cwporat* polcy ind f.tit >t uftort budorttbr paymanl


AiolBtflig pazpoxptiv
""^.-^ iid^W^^^^JJjj*^,,
'ONI

JO ABp . - Slt|fp09.^V
i^o^rSig p9zjroqw_

omi xsrrax woasvo DiaiDva

VddlOJPTZUOipas japun p|9L|L|i!M 'sp-iB^
' saoii<doop'3ij3|8<iQTji3noono3imwn43.i

pm Mopqp^ojpn, p ftp* Xq **>* WI W-H "l* < W-B

rati itomogga jBnm mo paton83 aoponp WW* 8W

' -fwCow aTn)'om(Bipa)?oDpguagjo9)!satiiie}oafo.idTOi)0np3JOHOtl)Jo

6H H9A Bjqwnioo tjspglg 'joatioouba

iq9#S S30T4SBH 35A\ SSOI '009 HnS
OOl X3010TI1103X WOP SI8?JQSITO

^snJXUoqjejDijped
 Pacific Carbon Trust
January 19,2011-
Offsetters Clean Technology Inc.
Suite 600,1055 West Hastings Street
Vancouver, British Columbia V6E 2E9

Re: Re-Validation of the Project Plans for Sun Select (Delta) and Katatheon Greenhouse Projects

Dear Phil Cull;- ' ..

This letter agreement ("Letter Agreement") confirms the terms of our agreement in respect of the re-validation
of the project plans for GHG reduction projects at the sites of Sun Select (Delta) Ino, and Katatheon Greenhouse,
(the "Projects").

In consideration of your agreement to re-validate the project plans for the Projects in accordance with the
updated BC Fuel-Switching Protocol (the "Protocol"), PCT agrees to pay for the services of contracting a
validation body that PCT approves of and meets the requirements of the Emission Offsets Regulation.
Payment shall be provided upon OfTsetters submitting to PCT successful validation statements for the Projects
and an invoice from the validationbody addressed to Offsetters Clean Technology Ino. for the services rendered
for validating the project plans for the Projects and PCT shall pay the lesser of the combined invoice amounts or
$27,500.- '

Please indicate your acceptance of the terms of this Letter Agreement by signing where indicated below and
returning one original, signed copy to us.

Regards, , . . .

PACIFIC CARBONTRUST/ENC.

Authorized Signatory

Agreed this 7^1 day of

TVnyjift./'u 2011,
OFFSETTERS CLEAN TECHNOLOGY
INC.

S2 Authorized Signatory
vncE9tissfiss&*Em >.

976 Meares Street Victoria, BC V8W3E9 Telephone: 250-952-6793 Facsimile: 250-952-6783 wwvApaclficcarbontrust.corii
 INVOICE Pag2 of 2

Invoice Number 556633

Invoice Date April 1,2011
Purchase Order 122710054
Customer Number 81280
Stantec 122710054
Project Number

Due on Receipt
 INVOICE Paget of 2

Invoice Number 556633

Invoice Date. April 1.2011
Purchase Order 122710054
. 81280
Stantec Customer Number
Project Number 122710054

BUI To Please Remit To

. Offsetters Clean Technology Inc. Stantec Consulting Ltd.
Andrew Leltch Attn: Accounts Receivable
Suite 1500 -1055 West Hastings Street 10160-112 Street
Edmonton AB T6K2L6
Vancouver BC V6E2E9
Canada Canada

Project Offsetters Validation of Two (2) Fuel Switch Projects - Langley and andDelta
Delta BC
BC
Project Manager Hegg, Daniel A For Period Ending April 1,2011
C u r r e n t I n v o i c e To t a l ( C A D ) . " 11 , 3 4 9 . 6 4

To p Ta s k 200 1232 Project Services Withheld under section 21 of FOIPPA

Professional Services
Current Hours Rate Current Amount
King, Susan 212.50
Hegg, Daniel A 1,160.00
Coming, Victoria 450.00

Subtotal Professional Services 13.60 . 1,822.50

Disbursements .
Direct Travel 329.64
Direct Meals & Entertainment 42.38
Direct Project Expense 145.80
Direct Vehicle Expense 114.40

Subtotal Disbursements 632.22

Top Task Subtotal 1232 Project Services 2,454.72

To p Ta s k 3 0 0 1153 Project Services
Professional Services Withheld under section 21 of FOIPPA
Current Hours Rate Current Amount
Mulrie.MlkeJ 3,021.00
Thompson, Karen L 3,219.00
Jones, Lauren 870.00
Subtotal Professional Services 61.25 7,110.00
Disbursements
Direct Project Expense ' 668.80

Subtotal Disbursements 568.60

Top Task Subtotal 1153 Project Services 7.678.80

Total Fees & Disbursements 10,133.52
BC HST- Reg.#887251288 RT0001 1.216.03
INVOICE TOTAL (CAD)
 INVOICE Page 1 of 1

Invoice Number 550292

Invoice Date March 17.2011
Purchase Order 122710054
Stantec Customer Number
Project Number
81280
122710P54
Bill To Please Remit To
Offselters Clean Technology Inc. Stantec Consulting Ltd.
Andrew Leltch Attn: Accounts Receivable
Suite 1500.-1055 West Hastings Street 10160-112 Street
Vancouver BC V6E2E9 Edmonton AB T5K2L6
Canada Canada

Project Offsetters Validation of Two (2) Fuel Switch Projects - Langley and Delta BC
Project Manager Hegg, Daniel A For Period Ending March 11,2011
C u r r e n t I n v o i c e To t a l ( C A D ) 8 , 9 5 8 . 9 0

Professional Services Withheld.under section 21 of FOIPPA

Current Hours Rate Current Amount
King, Susan 212.50
Mulrie.MlkeJ 1,828.5*0
Thompson, Karen L 2,233.00
Hegg, Daniel A 2,682.60
Coming, Victoria 450.00

Subtotal Professional Services 60.50 7.406.50

Disbursements
Direct Project Expense 592.52

Subtotal Disbursements 592.52

Total Fees & Disbursements 7,999.02

BC HST Reg.#887251288 RT0001 959.88
INVOICE TOTAL (CAD) 8,958.90

Due on Receipt
 DRAFT INVOICE Page 1 of 1

Draft Invoice Number

Draft Invoice Date April 29,2011
Purchase Order 122710054
Customer Number 81280
Stantec Project Number 122710054

Bill To Please Remit To

Offsetters Clean Technology Ino. Stantec Consulting Ltd.
Andrew Leltch
Suite 1500 -1055 West Hastings Street
Vancouver BC V6E2E9
CA

Project Offsetters Validation of Two (2) Fuel Switch Projects - Langley and Delta BC
Project Manager Hegg, Daniel A For Period Ending April 29,2011
Current invoice Total (CAD) 6,530.09

Withheld under section 21 of FOIPPA

Professional Services
Current Hours Rata Current Amount
King, Susan 63.75
Mutrle, Mike J 1,192.50
Thompson, Karen L 232.00
Hegg, Daniel A 1,160.00
Corning, Victoria 900.00
Jones, Lauren 1,218.00

Subtotal Professional Services 35.00 4,768.25

Disbursements
Direct Project Expense 381.30
Direct Expense 682.88

Subtotal Disbursements 1,064.18

Total Fees & Disbursements 5,830.43

BCHST
101 Reg.#887261288 RT00O1 699.66
INVOICE TOTAL (CAD) 6,530.09
Due on Receipt
 /6f$^/&WfrJ
tOFMKTTCftt S

Suite #1500,1055 West Hastings Street

Vancouver, BCV6E2E9
Phone (604) 628-2494
INVOICE: 221381
CUSTOMER ID: 693353
DATE: MAY 03,2011
TO: FOR:
Pacific Carbon Trust
Attention: David Muter Reimbursement for Validation of Two Fuel Switch Project.
976 Meares Street (Invoice #3, 556633 and 550292 from Stantec)
Victoria, BC

Wf^zazTTft
., ..Jours,V!'-:.....
^Hpywir^
Validation Reimbursement 1 f*\ fijA $23,962.96
(Stantec invoices attached
IHIUUllllUIU'j!1,

CONTRACT or POf

TOlAb
AMOUNT

SIGNATURE SMCtt^i fi K n ^ ad*Uiwspl*i

n t t w f M lftd
CURRENCY

'OX-
%Mil
Amoortl pad u in sccordMca wtt> tttportt* potcy end thin i* tutt l*ot bodgtt for ptymtAl

HST/GST 845369354 $ 2,875.57

$ 26,838.83

IT

Make all checks payable to Offsetters Clean Technology Inc.

Invoice due upon receipt. ^ECHEl GRAY
Thank you for your business.
 iCioiBuStspaznoiBnw-^ . ggjfogjg pazpotpny

AOTONHoax Mvaio^atLiasMO A oni xsrrax Noaavo dhiova

A7
/ r%Knr.T.flrT

ua^um aAoqB jsjij

GjBp aqj uo iu3ui99j3tj sup. pajnoaxa aABq JOpuaA P1 XOd dOanaHM. SSaJSUIM. MI
TBTjTJJnO OTj) JO UOflOOaXa aqi jo
aouapiAa uiaioTjjns si puB i.TBcTjaiunoo TBtqSno UB SB 9A#0ajJ0 SB si Tumia .TO aTIUIISOBJ Aq
*uas iredjojurtoo b jo tftoo V -sjradiaiunoo aq; jo agiiBqoxa aqj uo saijJB j aqj uo sqpuiq
si jajsuBJj, siqx 'juaraansui auras aqi puB auo are jaqjaSoi s^TBcbaHmoa aqi uiq 'rBurSiio
ub si iiedidjunob qosg -sjredisjunoD jo jaqumu aub ui painoaxa aq abui jajsuBix snjx

SXHVdRiaXNulOO 'P
Xtuo oouojoja.1 jo aouaiuoAuoo
joj pajjasur a.re jajsnB.ix siqj ui sSutpBaq aqi (q) puB 'luauiaajSv **SO fl ui surra*
osoq* 01 paqnosB sSuiuBaui aqi aABq neqs uiaiaq pauijap ?ou wq pasn sPjoa\ paziTBUdBO
ire (b) :papiAO.xd A-nBOTjiaads asiAYiaqio ssapm xo quMajaqi luajSTSUoaui 3xaiuoo
jo ianBur loafqns aqi ut Suupauios si araqi ssajun 'jajsuBJj, sup jo sasodjud aqi joj
NOUVXSradHaXNI '
I3A0 JOS puB pajjajsuBi} 'pauSissB 'paAaAuoa 'pps 'pauiBjS Aqaiaq
sjasijo Vr<wd JDd KJ 3nnsaA AraiaTduioo puB ATaAipajja joj psnnbai AjqBuosBaj
aq Aura sb saauBJnssB 10 spaap 'sps jaqjjuj qons xp painoaxa pure auop <apBUJ aq
oj ajnoojd pus asnBo jo ainoaxa 'op 'a^Bui 'jsoo sjoa ib pus jod jo isanbaj aflBuosBai
 EXHIBITS"
Transfer Form
This Assignment and Transfer Agreement (this "Transfer") is dated SeJjfzi&fZ aud is
between PACIFIC CARBON TRUST INC., a British Columbia Crown corporation
("PCT") and OFFSETTERS CLEAN TECHNOLOGY, a British Columbia coiporation
("Vendor"),
WHEREAS pursuant to an Offset Purchase Agreement between PCT and Vendor made
as of 30th March 2009 (the "Offset Agreement"), Vendor agreed to sell, convey, assign,
transfer and set over to PCT certain Project Offsets (as that term is defined in the Offset
Agreement).
NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in the
Offset Agreement and this Transfer, PCT and Vendor agree as follows:

1. TRANSFER AND ASSIGNMENT.

Vendor hereby absolutely and irrevocably grants, sells, conveys, assigns> transfers and
sets over all of Vendor's right, title, interest, properly, claim and demand in and to the
following Verified Project GHG Reductions, and all GHG Reduction Rights in
connection therewith, to PCT:

Vintage Project and Address Quantity (tC02e)

l" January 2010 to Lafarge Richmond Fuel Switch |
N o v e m b e r 3 0 t h 2 0 1 0 < - ., A D A ^ ^ ^
7611 No.9 Road
Richmond, BC Withheld under section 21 of FOIPPA
V6W 1H4

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to PCT hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to PCT, Vendor agrees that it holds all such Project Offsets in trust fox PCT
from the date hereof until such time as they are effectively granted, sold, conveyed,
assigned, transferred and set over to PCT, provided that all such Project Offsets shall be
so dealt with within 80 years of the date hereof.

2. NO INTERFERENCE.

Vendor shall not, nor shall it cause or attempt to cause or assist any corporation,
partnership, entity or person to, commence any action, claim or demand of any nature or
kind, in law or in equity, or take any action, which could in any way prejudice, hinder,
impair or prevent PCT's ability to use, grant, sell, convey, assign, transfer or-set over or
reduce or limit the value or usefulness of, the Project Offsets granted, sold, conveyed,
assigned, transferred and set over to PCT hereunder. Vendor hereby covenants and
agrees with PCT that Vendor will, from time to time and at all times hereafter, upon the
 /Jfg-Jz/a&M
*,
o INVOICE Invoice ff: 220801 - Rl
Company #: 00140
OFFSETTERSQ Invoice Dato: 03/15/2011
Duo Date: 03/15/2011
Terms:' DUE UPON RECEIPT
Custff: 693353

Pago: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

976 Meares Street 976 Meares Street
VICTORIA BCV8V3J4 VICTORIA BCV8V3J4

Remit to: Phone;: 604 699-2850

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email: accounts@offsellers.ca
#1500.-1055 West Hastings Street Website: www.offsetters.ca
Vancouver BC V6E 2E9

HST/GSTNo.: 845369354

Message:

Withheld under section 21 of FOIPPA

Line Project Remark t Reference Unlls UOM Amount

C01 (5410000 Lafargo- 2010 Vin (ago Carbon offsets

HST

Sub-Total $118,320.00
Tax Amount 14,198.40
Balance Due CAD $132,518.40

" """ PACIFIC CARBON 1 RUST

6
>/ / O
RSP

CONTRACT or PC*
TOTAL 19
~ E > ^ A ZJ AMOUNT

"cuhreMcy"
aOHMURE: ***..* K.4prte..0."..-d

S i O N AT U R t . P ' ^ " o r t v ( w e ^ n t b o d a r t f o r p * y m r t
Amount MM h icwdance wih fpo'> P0**tna "
reduce or limit the value or usefulness of, the Project Offsets granted, sold, conveyed,
assigned, transferred and set over to PCT hereunder. Vendor hereby covenants and
agrees with PCX that Vendor will, from time to time and at all times hereafter, upon the
reasonable request of PCT and at PCT's cost, make, do, execute or cause and procure to
be made, done and executed all such further acts, deeds or assurances as may be
reasonably required tor effectively and completely vesting in PCT the Project Offsets
hereby granted, sold, conveyed, assigned, transferred and set over.
3. INTERPRETATION.

For the purposes of this Transfer, unless there is something in the subject matter or
context inconsistent therewith or unless otherwise specifically provided: (a) all
capitalized words used but not defined herein shall have the meanings ascribed to those
terms in the Offset Agreement; and (b) the headings in this Transfer are inserted for
convenience of reference only.

4. COUNTERPARTS.

This Transfer may be executed in any number of counterparts. Bach counterpart is an

original, but the counterparts together are one and the same instrument. This Transfer is
binding on the Parties on the exchange of the counterparts. A copy of a counterpart sent
by facsimile or email is as effective as an original counterpart and is sufficient evidence
of the execution of the original.

IN WITNESS WHEREOF PCT and Vendor have executed this agreement on the date
first above written.

PACIFIC CARBON TRUST INC. /I OFFSETTERS CLEAN TECHNOLGY

INC.

Per: - / ( ^s^ Per:

Authorized Signatory
 EXHIBIT B"
Transfer Form

Tliis Assignment and Transfer Agreement (this "Transfer") is datefP&L l&2}ln& is

between PACIFIC CARBON TRUST INC., a British Columbia Crown coi-poration
("PCT") and OFFSBTTBRS CLBAN TECHNOLOGY, a British Columbia corporation
("Vendor").
WHEREAS pursuant to an Offset Purchase Agreement between PCT and Vendor made
as of 18th October 2010 (the "Offset Agreement"), Vendor agreed to sell, convey, assign,
transfer and set over to PCT certain Project Offsets (as that term is defined in the Offset
Agreement).

NOW, THBREFORB, IN CONSIDERATION of the mutual promises contained in the

Offset Agreement and this Transfer, PCT and Vendor agree as follows:

1. TRANSFER AND ASSIGNMENT.

Vendor hereby absolutely and irrevocably grants, sells, conveys, assigns, transfers and
sets over all of Vendor's right, title, interest, property, claim and demand in and to the
following Verified Project GHG Reductions, and all GHG Reduction Rights in
connection therewith, to PCT:

Vintage Project and Address ' Quantity (tCO^e)

7th May 2009 to 30,h Canfor Fort St John Fuel
June 2010 Switch Project
Swanson Lumber Road
RR 1 Site 13,
Compartment 2 Withheld under section 21 of FOIPPA
Fort St. John, BC
VU 4M6

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to PGT hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to PCT, Vendor agrees that it holds all such Project Offsets in trust for PCT
from the date hereof until such time as they are effectively granted, sold, conveyed,
assigned, transferred and set over to PCT, provided that all such Project Offsets shall be
so dealt with within 80 years of the date hereof.

2. NO INTERFERENCE.

Vendor shall not, nor shall it cause or attempt to cause or assist any corporation,
partnership, entity or person to, commence any action, claim or demand of any nature or
kind, in law or in equity, or take any action, which could in any way prejudice, hinder,
impair or prevent PCT's ability to use, grant, sell, convey, assign, transfer or set over or
 / O S < & / # & .

Invoice #: 219194 - RI ^|
O Q INVOICE Company #: 00140
offsetters Invoice Date: 12/1672010
%
.0 Due Date: 12/16/2010
Terms: DUE UPON RECEIPT
# Cust.#: 693353

Page: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

976 Meares Street 976 Meares Street
VICTORIA BCV8V3J4 VICTORIA BCV8V3J4

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email:
#1500 -1055 West Hastings Street Website: VAWV.offsetters.ca
Vancouver BCV6E2E9

GST No.: 845369354 Withheld under section 21 of FOIPPA

001 6410000

Sub-Total $182,207.00
Tax Amount 21.864.84
Balance Due CAD $204,071.84

" PACIFIC CARBON TRUST

>9/ f O
RSP

ACCOST ACTUATY reoj L0CATON amount

Ite-ZtP*

CONTRACTorPO#

TOTAL
DEC 2 0
6rr &=kK
AMCUNT

curMncV '

Arnoun, p, .n ^ccorda^ ft cc^ ^ I0d ^ |gWan| ^^ fe

pr/rptfrt

CHCAGO DAUAS DESVEA EDMONTON HONOLULU mown*

CALGARY

RENO SANOEGO SEATTLE TORONTO WNQQUvm

IASWGA5 NAPA
 Invoice 11: 219195- Rl ~|
INVOICE Company #: 00140
# OFFSETTERS Invoice Date: 12/1672010
9 Due Date: 12/16/2010
Terms: DUE UPON RECEIPT
CusLtf: 693353

Page: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

976 Meares Street 976 Meares Street
VICTORIA BCV8V3J4 VICTORIA BCV8V3J4

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email:
#1500 -1055 West Hastings Street Website: www.offsetters.ca
Vancouver BCV6E2E9 .

GST No.: 845369354

Withheld under section 21 of FOIPPA

Line Project Remark Roference Units UOM Amount Tax Total

001 6410000 Bonus Payment

HST

Sub-Total
Tax Amount
Balance Du

fVP
PACIFIC CARBON TRUST
RSP .ACCOUNT ACTIVITY PROJ L O C AT I O N AMOUNT

1 b&_ -smup\
2 i
3 ,
4 . _:
CONTRACTorPO*
DEC '10 2010
TOTAL
AMOUNT

> and exlinjioni vsrlltod

CURRENCY"

SIGNATURE spsnd.no suUiOfily

Amounl paid Is In accordant* win corporals poky and intra is luBdMl burJost for psyrntnt

CALGARY CKCAGO DALLAS DENVER EOMONTON HONOLULU HLOWNA

IAS VEGAS NAPA RENO SANDEGO SEATTLE TORONTO VANCOUVER
 Invoice #: 218108- RJ "J
O <3 INVOICE Company #: 00140
OFFSGTTERSC Invoice Date: 10/18/2010
Duo Date: 10/18/2010
Terms: DUE UPON RECEIPT
Cust.tf: 693353

Pago: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

976 Meares Street 976 Meares Street
VICTORIA BCV8V3J4 VICTORIA BCV8V3J4

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetlers Clean Technology Inc. Email:
#1500 -1055 West Hastings Street Website: www.offsotlers.ca
Vancouver BC V6E 2E9

GST No.: 845369354

Withheld under section 21 of FOIPPA
j

Line Project Remark Reference Units UOM ' Amounl Tax Total ]
001 64f0000 1st Milestone Payment Canfor Blomsss Fuelswltch
HST

Sub-Tolal
Tax Amount
Balance Dm

- PACIFIC CARBON TRUST

AMOUNT
RSP A C U O m t A C T M T Y P R O J L O C AT I O N
ACCOU

a .
2
3 Q
CONTRACTorPO#

aORMURE-.ttOOdi and ..<* !** prtc*. a* .* v.r*d

gggs^

EDMONTON HONOUUI mfff/KK

DALLAS DENVER
CALGARY CHCAGO

TORONTO VANCOCTVER
SANDSGO SEATTLE
N A PA RENO
LAS VEGAS"
 QUITCLAIM & RELEASE

Carbon Offset Purchase and Sale Agreement Between Offsetters Clean Technologies lnc and
SunSelect Produce (Delta) Inc.

TO: Offsetters Clean Technology Inc. ("Offsetters")

AND TO: Pacific Carbon Trust Inc. ("PCT")
FROM: SunSelect Produce (Delta) Inc. ("Seller")
In consideration of good and valuable consideration (the receipt and sufficiency of which Is hereby
acknowledged), the Seller hereby acknowledges that Offsetters Intends to transfer to PCT the
benefit of certain greenhouse gas emission reductions (the "Project Reductions") generated using
assets owned or operated by the Seller contemplated In a project plan titled SunSelect Delta Energy
Curtains & Biomass Boiler and dated February 24, 2009 (the "Project Plan").

The Seller hereby releases and quitclaims Offsetters and PCT of all of the right, title, Interest property,
claim rand demand, If any, of the Seller In and to the following Carbon Offsets forming the Contract
Amount:

Verification Period: January 1,2010 to June 30; 2010

Q u a n t i t y ( t c 0 2 o ) J M B W i t h h e l d u n d e r s e c t i o n 2 1 o f F O I P PA

i
The Seller shall do all such things and execute all such documents or instruments as may be
reasonably required to give effect to this Quitclaim & Release,

Please sign below and: 1) Fax to Offsetters (604-699-2730) OR scan/email to

eoHeen(3)offsetr.ers.ca
2) Print two signed hard copies and mall to Offsetters
(1500 -1055 West Hastings Street, Vancouver, BC V6E 2E9)

SIGNED:

m
On behalf of SunSelect Produce Inc

k%iii Gtubtt-fH'' Adt(uc$M*di>

H
t -
Print name and title

Date
^ft 3uo 3 & \ D
3. Interpretation. For the purposes of this Agreement, unless there is something in
the subject matter or context inconsistent therewith or unless otherwise
specifically provided
a. all capitalized words used but not dened herein shall have the meanings
ascribed to those terms in the Offset Agreement.

b. The headings in this Agreement are inserted for convenience of reference

only and shall not affect the interpretation of this Agreement.
4. Counterparts. This Agreement may be executed in one or more counterparts and
by facsimile transmission, and if so executed such counterparts and facsimile
transmissions shall be read and construed together as if they formed one
document.

IN WITNESS WHEREOF Buyer and Seller have executed tins Agreement on the date
first above written. .

PACIFIC CARBON TRUST INC. OFFSETTERS CLEAN TECHNOLOGY INC.

< f a ( /
Per: />L-J Per:
Authorized Signatory Authorized Signatory

 Transfer Form

This Assignment and Transfer Agreement (this "Agreement") is made as of June 9,

2011, between PACIFIC CARBON TRUST INC., a British Columbia provincial crown
corporation (the "Buyer") and OFFSETTERS CLEAN TECHNOLOGY INC., a
British Columbia corporation (the "Seller").

WHEREAS pursuant to an Project Offset Purchase and Sale Agreement between Buyer
and Seller made as of the 31st day of March, 2009 (the "Offset Agreement"), Seller
agreed to sell, convey, assign, transfer and set over to Buyer certain Project Offsets (as
that term is defined in the Offset Agreement).

NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in this

Agreement, Buyer and Seller agree as follows:
1. Transfer and Assignment. Seller hereby absolutely and irrevocably grants, sells,
conveys, assigns, transfers and sets over all of Seller's right, title, interest,
property, claim and demand in and to Project Offsets for the following Verified
Project Reductions to Buyer.
Vintage Project Address Quantity (tC02e)
2009 SunSelect Product (Delta) Inc.
10250 Hornby Drive .
Withheld under section 21 of FOIPPA
Delta, BCV4K2N3

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to Buyer hereunder not be so granted,-sold, conveyed, assigned, transferred
and set over to Buyer, Seller agrees that it holds all such Project Offsets in trust for Buyer
from the date hereof until such time as they are effectively granted, sold, conveyed,
assigned, transferred and set over to Buyer, provided that all such Project Offsets shall be
so dealt with within 80 years of the date hereof.

2- No Interference. Seller shall not, nor shall it cause or attempt to cause or assist
any corporation, partnership, entity or person to, commence any action, claim or
demand of any nature or kind, in law or in equity, or take any action, which could
in any way prejudice, hinder, impair or prevent Buyer's ability to use, grant, sell,
convey, assign, transfer or set over or reduce or limit the value or usefulness of;
the Project Offsets granted, sold, conveyed, assigned, transferred and set over to
Buyer hereunder. Seller hereby covenants and agrees with Buyer that Seller will,
from time to time and at all times hereafter, upon the reasonable request of Buyer
and at Buyer's cost, make, do, execute or cause and procure to be made, done and
executed all such further acts, deeds or assurances as may be reasonably required
for effectively and completely vesting in Buyer the Project Offsets hereby
granted, sold, conveyed, assigned, transferred and set over.
 -.0 QOq,
o INVOICE Invoice If: 217776 - Rl ]
o Company if: 00140 I
# OFFSETTERS!.; Invoice Date: 09/30/2010 I
Due Date: 09/30/2010
Terms: DUE UPON RECEIPT
Cust.8: 693353

Pago: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

6th Fir. 747 Fort Street 6th Fir. 747 Fort Street
VICTORIA BCV8W3E9 VICTORIA BCV8W3E9

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email:
#1500 -1055 West Hastings Street Website: www.offsetlers.ca
Vancouver BCV6E2E9

GST No.: 845369354 Withheld under section 21 of FOIPPA

Line Project Remark Roference Unils UOM Amount Tax Total

C01 6410COO Sun Solecl Ca/bon Offsets

Sub-Total $158,576.00
Tax Amount 19,029.12

Balance Due CAD $177,605.12

PACIFIC CARBON TRUST

HSP
A C C O U N T A C T I V I T Y H W J J L O C AT I O N A M O U N T

2
1 c zUq u^ _
- .j iteLg
BeSSl
o " - ' J I I II II _ft^__t. .

4.

CONTRACT of PC*

TOTAL

SIGNATURE: ooodi io<J Mivk*! ttctktit. pricn MtftxttMfeni'Vtrifel

cuiwbtcv
W.HEL GRAY
Arrv^ipiWUinacoMdjravAayp^^fO^jndftKiUPjKciKiUvd^U^pfymnf

HONOLULU BLOWN*
DALLAS DB-MR tCNONTON
CKCAGO
CALGARY
TORONTO Vancouver
SEATTLE
KNO SANDKO
K ATA
LAS VEGAS
reasonably required for effectively and completely vesting in PCT the Project Gffeets
hereby granted, sold, conveyed, assigned, transferred and set over.
3. INTERPRETATION.
For the purposes of this Transfer, -unless there is something in the subject matter or
context inconsistent therewith or unless otherwise specifically provided: (a) all
capitalized words used but not defined herein shall have the meanings ascribed to those
terms in the Offset Agreement; and (b) the headings in this Transfer are Inserted for
convenience of reference only.

4. COUNTERPARTS.

This Transfer may be executed In any number of counterparts. Bach counterpart is an

original, but fhe counterparts together are one and the same instrument. This Transfer is
binding on the Parties on the exchange of the counterparts. A copy of a counterpart sent
by facsimile or email is as effective as an original counterpart and is sufficient evidence
of the execution of the original.

IN WITNESS WHEREOF PCT and Vendor have executed this agreement on the date
first above written.

PACIFIC CARBON TRUSTING /} OFFSETTERS f^EANTEOEINOLGY

INC>

Per: ^ /
Authorized Signatory
 EXHIBIT "B"
Transfer Form

This Assignment and Transfer Agreement (this "Transfer") is dated 06th May 2010, and
is between PACIFIC CARBON TRUST INC., a British Columbia Crown coiporation
("PCT") and OFFSETTERS CLBAN TECHNOLOGY, a British Columbia coiporation
("Vendor").
WHBRBAS pursuant to an Offset Purchase Agreement between PCT and Vendor made
as of 31* March 2009 (the "Offset Agreement"), Vendor agreed to sell, convey, assign,
transfer and set over to PCT certain Project Offsets (as that term is defined in the Offset
Agreement).

NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in the

Offset Agreement and this Transfer, PCT and Vendor agree as follows:

! TRANSFER AND ASSIGNMENT.

Vendor hereby absolutely and irrevocably grants, sells, conveys, assigns, transfers and
sets over all of Vendor's right, title, interest, property, claim and demand in and to the
following Verified Project GHG Reductions, and all GHG Reduction Rights in
connection therewith, to PCT:

Vintage Project and Address Quantity (tCOie)

lrt January 2009 to Lafarge Richmond Fuel Switch |_ |
31December2009 ^^ ^^ ^.^ ^ Qf FQlppA

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to PCT hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to PCT, Vendor agrees that it holds all such Project Offsets in trust for PCT
ftom the date hereof until such time as they are effectively granted, sold, conveyed,
assigned, transferred and set over to PCT, pfoylded that all such Project Offsets shall be
so dealt with within 80 years of the date hereof.

%, NO INTERFERENCE.

Vendor shall not, nor shall it cause or attempt to cause or assist any corporation,
partnership, entity or person to, commence any action, olalm or demand of any nature or
kind, in law or in equity, or take any action, which could in any way prejudice, hinder,
impair or prevent PCT's ability to use, grant, sell, convey, assign, transfer or set over or
reduce or limit the value or usefulness of, the Project Offsets granted, sold, conveyed,
assigned, transferred and set over to PCT hereunder. Vendor hereby covenants and
agrees with PCT that Vendor will, fiom time to time and at all times hereafter, upon the
reasonable request of PCT and at PCT's cost, make, do, execute or cause and procure to
be made, done and executed all such further acts, deeds or assurances as may be
 ' ^ J o / a / i ?

Invoice it: 215774 Rl

, Q INVOICE Company ik 00140
OFFSETTERS g) Invoice Dale: 03/31/2010
@ Duo Date: 03/31/2010
Terms: DUE UPON RECEIPT
CusL g: 693353

Pago: 1of1

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

6th Fir. 747 Fort Street 6th Fir. 747 Fort Street .
VICTORIA BCV8W3E9 VICTORIA BCV8W3E9

Remit to: Phone: 604 699-2850

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email:
#1500 -1055 West Hastings Street Website: www.offsetters.ca
Vancouver BC V6E 2E9

. GST No.: 845369354 Withheld under section 21 of FOIPPA

002 6410000

Sub-Total $216,717.00
Tax Amount 10.835.85
Balance Due CAD S227.552.85

PACIFIC CARBON TRUST ~

RSP O T A C T I V I T Y P R O J L O C AT I O N

4^e*J
AMOUNT
Pi
CONTRACT Of PC*
^ Zs/;o
r. OftATURE: 500* and uivtes ttMa*. prici aod urttnUooi
TOTAt
AMOUNT
vii!d
curWv'-

CALGARY CHCAGO DALLAS Denver EDMONTON HONOLULU rBowm

LASVEGAS - WfA UNO SAN D'JGO SEATTLE TORONTO VANCOUVER
 ggg
M ^ ^ r ^
9^1) pue emeu yjMd

v^' vtvvs wv
pn soiJBd /fol|BA PggjWjgigj^f$i?6 "

:03N9JS

(63Z
w 39A 08 'JQAnoauBA
ftteoMUO 'jaajis
oi lieui pub Adoo 96URV8H ^S9M SSOl
pjsq peuBjs quo -Wd
0091)
(S
eo'S.attaSJjotB)MWpue
o; UBWa/oeas ao <0^-669-V09) sjewyjO o* xty (i :Pub MO|aq u6|s asaaid
sseaieH s uijep^nD spg 04 pajja ba|B cq pajjnbsj Ajqeuoseaj
aq Abu, sb *mmw\ iO s^ueuinoop qons b a,noaxe pua ** M* u? op UBqs 40S eMX

VddlOd jo 1.2 uoipas japun p|8MMl!AA B<ezo3i> Awueno

600Z '12 090 05 6002 'L l!-cJv :po|JBd UQa>lllA

uunouuv
V*WD ft BU1UUOJ s^o uoq-O 6u,MO,,pj aq* o, Pub u, WRP 22i5xS2SSSsTS
gadoid <*SUui *) W * jo ||e 40 XDd PUB SJa:aao sui|epnb Pub sosBaja. Aqa.aq iaaS euj.
(ue|d V*loxdu am) 600Z 'OZ Mojbh P9:8P Pue S33

2SU5 si WM jou pjjns pub j*3j aqi) UOBep,sUOO a,qBn,BA Pub poa6 jo uoReiapisuoo u,
(4O||0S> -PH SW4Bsl A0||BA P00MUO19 JWOtfd
<XDd) 'Of I *$ Uoqjt&3 ot3Bd :oi <JNV
C.sja^asjiOii) ^"l AepiouqaajL amp sjbhbsjjo ?OX

pn sumb-j Ao||BA pooMUeiO

pue oui sa,0o,out|Dai imp S40osiio uaaM,a8 ,uauiaa.t6v o|*S pue osBqojnd Jesijo uo*
asvanaa s wivioimo

 QUITCLAIM & RELEASE

Carbon Offset Purchase and Sale Agreement Between Offsetters Clean Technologies Inc. and Quik Farms Ltd.

TO: Offsetters Clean Technology Inc. COffsetters")

AND TO: Pacific Carbon Trust Inc. ("PCT")
FROM: Quik Farms Ltd. ("Seller")
In consideration of good and valuable consideration (the receipt and sufficiency of which Is hereby acknowledged), the
Seller hereby acknowledges that Offsetters intends to transfer to PCT the benefit of certain greenhouse gas emission
reductions (the "Project Reductions") generated using assets owned or operated by the Seller contemplated In a project
plan titled Quik Farms Biomass Boiler and dated February 8,2010 (the "Project Plan").
The Seller hereby releases and quitdaims Offsetters and PCT of all of the right, title, interest, property, claim and demand,
if any, of the Seller In and to the following Carbon ' Offsets forming the Contract Amount:

Verification Period: April 1" 2009 to December 31" 2010

Q u a n t i t y ( t C 0 2 e ) : M W j t h h e ) d u n d e r s e c t i o n 2 1 0 f F O I P PA '

The Seller shall do all such things and execute all such documents or instruments as maybe reasonably required to
give effect to tills Quitclaim & Release.
Please sign below and: 1) Fax to Offsetters (604-688-6791) OR scan/email to colleen@offsetters.ca
2) Mall one copy to Offsetters (1500-105S West Hastings Street, Vancouver BC, V6E 2E9)
SIGNED:

On beha]f/6f QuikjParms Ltd.

Print name and title -"**"

Date
 QUITCLAIM & RELEASE

Carbon Offset Purchase and Sale Agreement Between Offsetters Clean Technologies Inc. and
Randhawa Farms Ltd.

TO: Offsetters Clean Technology Inc. ("Offsetters")

AND TO: Pacific Carbon Trust Inc. ("PCT")
FROM: Randhawa Farms Ltd. ("Seller")
In consideration of good and valuable consideration (the receipt and sufficiency of which is hereby
acknowledged), the Seller hereby acknowledges that Offsetters Intends to transfer to PCT the
benefit of certain greenhouse gas emission reductions (the "Project Reductions") generated using
assets owned or operated by the Seller contemplated in a project plan titled Randhawa Greenhouses
Energy Curtains and dated March 17,2009 (the "Project-Plan").
The Seller hereby releases and quitclaims Offsetters and PCT of all of the right, title. Interest, property,
claim and demand, If any, of the Seller in and to the following Carbon Offsets forming the Contract
Amount:

Verification Period: April 1, 2009 to December 31, 2009

Q u a n t i t y ( t c o 2 e ) : | j W i t h h e l d u n d e r s e c t i o n 2 1 o f F O I P PA

The Seller shall do all such things and execute all such documents or Instruments as may be
reasonably required to give effect to this Quitclaim & Release.

Please sign below and: 1) Fax to Offsetters (604-699-2730) OR scan/email to gndrew^offseUers.ca

2) Print one signed hard copy and mall to Offsetters
(1500 -1055 West Hastings Street, Vancouver, BC V6E 2E9)

SIGNED:

On behynr of Randhawa Farms Ltd^

Print name and title

f%&/</*/y /!&/<>
Date
 a^erj

aira pua emeu ;uud

9U| epnpoJd ^?a|asung jo aiauaq^iQ

S2r^ JO3N0IS

(63Z 39A OS 'JeAnoaueA *^^S sBurbbh 3S9M S901 - OOSl)
sja^asijo o* ||etu pus Adoo pjeq pauBjs euoqupd (Z
BffSIggB^cgWBjpoV oi iiaiua/ueos yo (0Z-669-fr09) sia^esjio o* xed (I :pue Moieq uBis eseajd
eseaiey $ aijepqino SIM* * 3WM* SAIS * peJinka.1 Aiqeuossej
eq Aeui sb sjuamnqsut jo sytauinobp qons ||B e^noaxe pue sBujlfi qans \[& op ueqs ja||es aqx

VddlOd P VZ uoipas japun p|8L|L|i!M ^HB<8ZOM)*,HU8n

600Z 'L JaqUJBOaa oj 600Z 'I ll^V spotted UOfteafJUeA

qunouuv
no&auon eia Buwuoi siesuo uoqjeo 6U|/wo|ioj eift o} pue ui aa|ies em 4 'Aub j| 'puBiuap pua wiep
^doSKWfr^MI io b 40 iodI Pu bb*WO WW* pue seseepi Aqeiaq *** euj.
G uefd aotJNd.1 evtt) 6002 W5 Ajemqaj pejep pue uaiioa sseuioig 3 suje^no
jffiiein e8d lOBiesuns PW u^jd paffaid B uj paqeidu^uoo je||as m *q PWcta JO paUMo spsse
fiusn pSSbuS (Juononpea peloid* W) suoponpai uojssiuie seB esnoqueaio u|qmp wueq
BuTlOd^rSS ^WwS m saepaiMouHoe ^WW^SSSSS
Aqaieu. bi moimm%o Aouepyjns pue tfieoea am) uonejapjsuoo aiqenjeA pua pooB 40 UO|WMep|sUC U|
(rcJ8|1dSM> *0"l CW*a> wnpoid loaiasuns :Woy=l
<JL0d> *3"l ^niX UoqiBD ouped JOX C1NV
<usjeasjjo> ^"1 ABoiouqoax ueap sieHasuo :o

ou| (B)|ea) eonpo^d :peie$un9

pue -ou| sejBoiouqoei ueaio uaiwjjo uaewag lueuiaeiSv 1*9 pue esBipjnd *esjjo uoqjeo
asvaiaa s wivnaiin

.
assigned, transferred and set over to Buyer, provided that all such Project Offsets shall be
so dealt with within 80 years of the date hereof..

2. No Interference. Seller shall hot, nor shall it cause or attempt to cause or assist
any corporation, partnership, entity or person to, commence any action, claim or
demand of any nature or kind, in law or in equity, or take any action, which could
in any way prejudice, hinder, impair or prevent Buyer's ability to use, grant, sell,
convey, assign, transfer or set over or reduce or limit the value or usefulness of,
the Project Offsets granted, sold, conveyed, assigned, transferred and set over to
Buyer hereunder. Seller hereby covenants and agrees with Buyer that Seller will,
from time to time and at all times hereafter, upon the reasonable request of Buyer
and at Buyer's cost, make, do, execute or cause and procure to be made, done and
executed all such further acts, deeds or assurances as may be reasonably required
for effectively and completely vesting in Buyer the Project Offsets hereby
granted, sold, conveyed, assigned, transferred and set over.

3. Interpretation. For the purposes of this Agreement, unless there is something in

the subject matter or context inconsistent therewith or unless otherwise
specifically provided

a. all capitalized words used but not defined herein shall have the meanings
ascribed to those terms in the Offset Agreement.

b. The headings in this Agreement are inserted for convenience of reference

only and shall not affect the interpretation of this Agreement.

4. Counterparts. This Agreement may be executed in one or more counterparts and

by facsimile transmission, and if so executed such counterparts and facsimile
transmissions shall be read and construed together as if they formed one
document.

IN WITNESS WHEREOF Buyer and Seller have executed this Agreement on the date
first above written.

PACIFIC CARBON TRUST INC. OFFSETTERS CLEAN TECHNOLOGY INC.

Per: Z?^2~- Per: ^|(-A

Authorized Signatory Authorized Signatory
 Transfer Form

This Assignment and Transfer Agreement (this "Agreement") is made as of March 31,
2010, between PACIFIC CARBON TRUST INC., a British Columbia provincial crown
coiporation (the "Buyer") and OFFSETTERS CLEAN TECHNOLOGY INC., a
British Columbia corporation (the "Seller")!

WHEREAS pursuant to an Project Offset Purchase and Sale Agreement between Buyer
and Seller made as of the 31st day of March, 2009 (the "Offset Agreement"), Seller
agreed to sell, convey, assign, transfer and set over to Buyer certain Project Offsets (as
that term is defined in the Offset Agreement).

NOW, THEREFORE, IN CONSIDERATION of the mutual promises contained in this

Agreement, Buyer and Seller agree as follows:
1. Transfer and Assignment. Seller hereby absolutely and irrevocably grants, sells,
conveys, assigns, transfers and sets over all of Seller's right, title, interest, property, claim
and demand in and to Project Offsets for the folio whig Verified Project Reductions to
Buyer.
Vintage Project Address Quantity (tC02e)
2009 SunSelect Product (Delta) Inc.
10250 Hornby Drive
Delta, BCV4K2N3
2009 Glenwood Valley Farms Ltd
2100 208 Street
Langley, BCV2Z2A6
2009 Randhawa Farms Ltd.
221 Defehr Road
Abbotsford,BCV2SlM3
2009 Quik Farms Ltd.
8430 Prest Road
Chilliwack, BC V2P GH3 Withheld under section 21 of FOIPPA

Should any of such Project Offsets to be granted, sold, conveyed, assigned, transferred
and set over to Buyer hereunder not be so granted, sold, conveyed, assigned, transferred
and set over to Buyer, Seller agrees that it holds all such Project Offsets in trust for Buyer
from the date hereof until such time as they are effectively granted, sold, conveyed,
Gray, Raechel RN:EX
From: Dooner, Andrew FIN:EX
S e n t : Tu e s d a y, A p r i l 6 , 2 0 1 0 1 0 : 3 4 A M
To : G r a y, Raechel FIN.EX
Subject: Offsetters payment

Raechel,

As discussed, can you put together a cheque for Offsetters for the amount listed in the spreadsheet below?

it should be payable to OFFSETTERS CLEAN TECHNOLOGY INC.

Thanks

Andrew

PCT Delivery.xlsx

Andrew Dooner
Pacific Carbon Trust
M: 250.516.8351 | 0:250.952.6797
Email: andrew.dooner(8?pacificcarbontrust.ca
#600-747 Fort St. J Victoria, BC
www.paciflccarbontrust.ca

Pacific
Carbon
Trust
Vintage Quantity Price per Cost
Project (tC02e) tonne
2009 Sun Select (Delta)
2009 Glenwood
2009 Randhawa
2009 Quik Farms
TOTAL

Withheld under section 21 of FOIPPA

PACIFIC CARBON TRUST

T
RSP ACCOUNT ACTIVITY P0J
LOCATION AMOUNT

.
'
'
CONTRACTorPOi

signature. W^iniwSem^S^Za
xtinifoomitfiid

oilikATURE. ip.ndng .vtWty

j^^^^^^^,,, _, r < |
 , /a?3*fr/dfifr
Invoice ii: 215726-Rl
INVOICE Company if: 00140
JlOFFSETTERSC' Invoice Date: 03/31/2010
Due Date: 03/31/2010
Terms: DUE UPON RECEIPT
Cust. ff: 693353

Page: . 1oM

Billing Address: Customer Address:

PACIFIC CARBON TRUST PACIFIC CARBON TRUST

6th Fir. 747 Fort Street 6th Fir. 747 Fort Street
VICTORIA BCV8W3E9 VICTORIA BCV8W3E9

Remit to: Phone: 604 699-2650

Fax: 604 699-2730
Offsetters Clean Technology Inc. Email:
#1600 -1055 West Hastings Street Website: www.offsetters.ca
Vancouver BC V6E 2E9

GST No.: 845369354 Withheld under section 21 of FOIPPA

CL i n e Project Remark

001 ' 6410000 " Credits from Sun Se.'ect Dalla Cf\~CS7 tt\ i
Reference Units UOM- Amount Tax Total

0 0 2 6 4 1 0 0 0 0 C r e S t e r r O f n G Te m w o d V a i i e y F ~ ~ I ~ Z " Z T " "

003 6410000 Credits "from Randhav/a Farms"" ""

6ol~ '410000 - ' "Credits "fromQoRs Farms Lid

gjj07^j
Sub-Total $172,737.75
Tax Amount 8,636.89
Balance Due CAD $181,374.64

APR 08 2010,

mbghel (may

CALCWT CKCAGO OAUAS DOMR EDMONTON HONCUKU mcr.vNA

LASG K VA . RB40 SNDGO SEATTU TORONTO VANCOWTO
 "- Pacific
\ Carbon
Trust P a y m e n t s b y Ve n d o r

Invoices - From: 4/1/2010 to 3/31/2012

Class Vendor/Contract Description Posting Date Journal Entry Expense Amount

OFFSET SUP Withheld under section 21 of FOIPPA

Offsetters Clean Technology
1070-20/OTCE Carbon Offset Purchase 30-Apr-10 1024 172.738
1070-20/OTCE Carbon Offset Purchase 31-May-10 1098 216.717
1070-20/OTCE Carbon Offset Purchase 30-Sep-10 1689 158,576
' 28-Oct-10
iivoi7 ; Milestone Payment . 1867
11V017 Bonus Payment 17-Dec-10 2237 I
1070-20/OTCE Carbon Offset Purchase 17-Dec-10 2238 182.207
1070-20/OTCE Carbon Offset Purchase 24-Ma'r-11 2833 118.320
1070-20/OTCE Validation 30-Apr-11 3196 23.963
11V017. Carbon Offset Purchase 27-May-11 3333 104.516
11V017 Bonus Payment 27-May-11 3334
11^005 Carbon Offset Purchase 10-Jun-11 3370 125,404
1070-20/OTCE Carbon Offset Purchase 16-Jun-11 3417 264.144
1070-20/OTCE Carbon Offset Purchase 25-Jul-11 3658 28.170
1070-20/OTCE Carbon Offset Purchase 04-Nov-11 4289 122.453
11V029 Validation 30-Oec-11 4682 25:000
12S021 Consulting 30-Dec-11 4683 3.750
Total supplier 1,613.957