Glossary

Capitalised terms used herein shall have the following meanings, unless otherwise explicitly specified herein:

“Buyer”	means a party buying Natural Capital Units to own Nature Equity Assets.
“Land Characteristics”	are biophysical state indicators across the dimensions of pedosphere, hydrosphere, atmosphere and biosphere that can be measured independently and thus qualify for assetisation or that are simply displayed for information.
“Land Steward”	means a person or institution who is legally entitled to make comprehensive decisions regarding the use of a piece of land as owner, tenant, on the basis of any right of use of land or on any other legally recognized basis.
“Landler”	means a web-based application created by TLG accessible under https://app.landler.io through which TLG’s services are available for Users, including: 1. the onboarding of Plots; 2. the assessment of Land Characteristics of Plots; 3. the documentation of Land Characteristics of Plots in Natural Capital Accounts; 4. the generation of Natural Capital Units; 5. the registration of Natural Capital Units; 6. the custody of Nature Equity Assets to Nature Equity Accounts and transfer of Nature Equity Assets between holders of Nature Equity Accounts. Landler is a registered trademark of TLG.
“Landler T&Cs”	Means the terms and conditions for the use of Landler accessible under https://www.landler.io/terms-and-conditions.
„Natural Capital“	is, in relation to one or more specific Plots and at a specific point in time, the status of the Land Characteristics of such Plot(s).
“Natural Capital Account” or “NCA”	is an account that displays, on Landler, the Natural Capital measured in biophysical metrics (ton of carbon, m3, km2, etc.) for one or more specified Plot(s)
“Natural Capital Unit” or “NCU”	are 1. Uplift units aimed at increasing Natural Capital; and 2. Preservation units aimed at representing the preservation of Natural Capital where the underlying Land Characteristics can be measured independently by Landler’s measurement services, specifically without information from the Land Steward.
“Nature Equity Account”	means an account designed to hold Nature Equity Assets measured in fiat currency (i.e. $, €, £).
“Nature Equity Assets“	are contracted Uplift or Preservation Units that are transferred as biophysical metrics from the Natural Capital Account to the Nature Equity Account where they are accounted for in fiat currency.
“Nature Equity Assets Purchase Agreement” or “NEAPA”	means a contractual agreement between a Buyer and Land Steward of Natural Capital referring to the wrapping of Natural Capital Units into a transferable contractual right, such as a Nature Equity Asset, which the owner of the contractual right is entitled to.
“Opening Balance	is the displayed status of the Land Characteristics after a Natural Capital Account for a group of Plots is locked, meaning secured and defined as immutable in the registry.
“Plot“	is a polygon of land that serves as the underlying reference for the assessment of Natural Capital and the documentation on a Natural Capital Account. A Plot boundary is described by geographic coordinates and should ideally include one land-use practice only.
"Preservation Unit"	has the meaning given in Section (c.3) to this Landler Rule Book.
“Sponsor“	means a party entering a Landler Service agreement in lieu of another.
“Uplift Unit”	has the meaning given in Section (c.3) to this Landler Rule Book.
"Verified Nature Unit"	is the tool for investment developed jointly by African Parks and The Landbanking Group for investment into Africa's natural landscapes.