RecycleNet does not charge any fees to participate in the earning of credits.
Participants that accumulate credits in their accounts can then either:
1) redeem their credits for a Recycling Offset Credit
Certificate verifying the account holder's recycling achievements
2) trade their credits in the RecycleNet Offset Credit
exchange to other companies or individuals wishing to offset their carbon
1) Redemption of credits: Credits redeemed for a Certificate will be retired from the
Participant's account. Credits
redeemed for a Certificate are non-transferable or redeemable for future trading
purposes. Shipping and Handling
charges will apply for issuance and delivery of certificates. Shipping and Handling charges may either be paid by credit
card or by authorization of withdrawal of funds from the participants deposit
account. RecycleNet does not guarantee that any Certificate that is issued can
be used for anything other than proof of Participant's recycling efforts.
2) Trading of credits:
Trading of credits will be through the RecycleNet Offset Credit exchange
on a bid/ask basis. Participant
must have credits available in their account to trade in the exchange.
To Purchase credits in the RecycleNet Offset Credit exchange purchaser
must have certified funds in their deposit account to cover the transaction.
To deposit funds the purchaser must deposit USD funds by bank wire
transfer or certified check. Shipping
and Handling charges may either be paid by credit card or authorization of
withdrawal of funds from the participant's deposit account.
1) RecycleNet will be responsible for providing all aspects
of the recycling transaction entry software and customer service under the
2) RecycleNet will be responsible for issuance of the
RecycleNet Offset Credit Certificate, upon request, for the credits in the
3) RecycleNet does not guarantee that any Certificate that
is issued can be used for anything other than proof of Participant's recycling
4) RecycleNet will be responsible for the operation of the
bid/ask RecycleNet Offset Credit exchange.
Upon completion of a trade order RecycleNet will be responsible for the
transfer of funds from the buyers RecycleNet Offset Credit account into the
sellers RecycleNet Offset Credit account and the transfer of the Recycling
Offset Credits into the buyers RecycleNet RecycleNet Offset Credit account.
The term of this agreement will begin when you submit your first recycling
transaction into your Recycling Offset Credit Account and will end when terminated by either party. You or we
may terminate this agreement at any time, with or without cause, by giving
notice to the other party via letter, fax or e-mail.
MODIFICATION OF THIS AGREEMENT
RecycleNet may modify any of the terms or conditions of
this Agreement at any time at RecycleNet's sole discretion by
posting a notice of modification on RecycleNet's Site. In the event any
modification is unacceptable to Participant, the only course of action for
Participant is to terminate this Agreement by giving notice to RecycleNet via
letter, fax or e-mail. Participant's continuation of participation in the
Program after the posting of a notification of modification will be deemed to be
Participant's acceptance of with the modification of the Agreement.
RecycleNet will not be liable for any damages arising from
the activities set forth in this Agreement.
RecycleNet offers no warranties directly or indirectly with
respect to the Program. There is no warranty functionality or performance of
RecycleNet's Site. RecycleNet will not be liable in any way for the consequences
of errors or interruptions of service at RecycleNet's Site.
LIMITATION OF LIABILITY
RecycleNet shall not be liable for direct, indirect,
special, or consequential damages, or any loss of revenue, profits or data
arising in connection with this Agreement or Participant's participation in the
Program. Participant's sole remedy available with respect to this Agreement or
any breach of this Agreement by RecycleNet shall be to terminate this Agreement.
Participant acknowledges that Participant has read this
Agreement and agrees to all the terms and conditions set forth herein.
Participant hereby represents, warrants and covenants that Participant has full
and binding authority to enter into this Agreement, and that this Agreement has
been duly and validly executed and delivered by Participant, and constitutes
Participant's legal, valid, and binding obligation, enforceable against
Participant in accordance with all of its terms and conditions.
Participant has independently evaluated the desirability of participation
in the Program and is not relying on any representation, statement or guarantee
by RecycleNet other than that which is contained in this Agreement.
RecycleNet may at any time, at its sole discretion, terminate all or part of the Program or suspend
or terminate the participation in all or part of the Program for any reason. Upon termination of the
Program or termination of participation in the Program:
1) RecycleNet will issue refunds to the account holder any cash in the participants account,
less any shipping and handling charges, within approximately ninety (90) days after termination of the account.
To ensure proper payment the Participant is solely responsible for providing and maintaining an accurate address and
other contact information associated within their account.
2) Issue a certificate for any ROCs balances in the account holders account, less shipping and handling charges.
3) Participant agrees to indemnify and hold harmless RecycleNet Corporation if RecycleNet chooses
to discontinue the program. This program is a purely voluntary participation program and RecycleNet does not
guarantee that any Certificate that is issued can be used for anything other than proof of Participant's
File No.: 11762