Section (e.1) Nature Equity Account

TLG acts as the central and exclusive depository for NCUs with its registry.

NCUs are held in an NEA provided by Landler. Such NCUs cannot be transferred outside of the accounts held with TLG.

Each user registered with Landler is eligible to open and maintain a NEA if they have complied with the requirements to lock and activate their Natural Capital Account and entered into a Landler Service Agreement to agree to custody and transaction fees required for the issuance, custody and transaction of NCUs.

The NEA shows all NCUs positions held by the user. The position details include all static and dynamic data of the NCUs and allow to view the underlying NCA. Account Statements can be provided.

On the NEA, NCU holders can change the ownership of an NCU. Change of ownership results in a transfer of the respective NCU to the selected new holder by means of NEAPA, which acts as an NCA-based forward purchase or spot purchase agreement between TLG, a Buyer and a Land Steward or Sponsor referring to the purchase of NCUs intended to be created on-year prior or during the duration of the Agreement.

The NEAPA is entered into outside of Landler. In outline, the agreement clarifies that all exploitation rights regarding measurement results underlying an NCU are an inseparable part of such NCU and are always owned by the party owning the relevant NCU; the Land Steward undertakes to not sell or transfer any natural capital representations or credits in respect of any Plot forming part of a NCA outside Landler; any amount of NCUs measured and registered within a period of one year can be issued according to a vesting scheme.