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CCAP <br />Carbon Credit Aggregation Pool• * <br />provided by <br />rASHINGTON STATE TRANSIT A$$OCIATION <br />WSTA <br />Member Services Agreement (MSA) <br />This Member Services Agreement (MSA) is effective this day of 2023 ("Effective <br />Date"), and outlines the roles, responsibilities, and obligations of CCAP Participants ("Participant") and the <br />Washington State Transit Associations ("WSTA"). <br />Services <br />WSTA will perform the services as described in Exhibit A attached hereto ("Services"), which include <br />transactions facilitated by WSTA's aggregation consultant, SRECTrade, Inc. ("SRECTrade") on behalf of <br />Participant. Participant hereby appoints WSTA as its agent and authorizes WSTA to take such <br />actions on its behalf and to exercise such powers as are delegated to WSTA by the terms hereof <br />including, without limitation, to engage SRECTrade and to perform the duties and obligations on <br />behalf of Participant. <br />Pricing and Payment <br />In exchange for performance of the Services, WSTA and SRECTrade will be paid a Fee as described below: <br />Fee Schedule for 2023 <br />Cumulative Credits <br />Generated <br />SRECTrade Fee <br />% of Transaction Value <br />WSTA Admin Fee <br />% of Transaction Value <br />Total Fee <br />% of Transaction Value <br />o - 5,000 <br />7.5% <br />1.o% <br />8.5% <br />5,001 - 20,000 <br />6.o% <br />0.75% <br />6.75% <br />20,000+ <br />4.5% <br />0.50% <br />5% <br />A minimum fee of $4.5o per credit will apply to all Transactions.. The cumulative amount of aggregated <br />minimum fees will not exceed half of the total Transaction Value. <br />Any program fees assessed by the Department of Ecology ("Regulator") are to be paid by Participant. <br />WSTA's Admin Fee will be reviewed annually by the WSTA Board Directors at their 4th Quarter Board <br />meeting; any changes will not go into effect until the following quarter. SRECTrade transaction and <br />minimum fees will not change unless authorized by WSTA and notice given to members. <br />Credits will be sold on the market by SRECTrade. SRECTrade will remit revenue to WSTA after deducting <br />their fees. WSTA will deduct the Administrative Fee as outlined above and remit payment to Participant <br />based on credits sold on Participant's behalf. <br />