“This letter (this “Grant”) sets forth the agreement of Kulshan Carbon Trust (KCT)  (“Grantee”) with respect to a grant of 500,000 REGEN, the native token of Regen Network (the “Grant Funds”), proposed to be made by Regen Foundation (the “Foundation”) for Grantee to implement regenerative natural climate solutions limiting greenhouse gas (GHG) emissions, sequestering carbon, and providing a host of co-benefits. KCT will support collaborative natural climate solutions (e.g., agroforestry, biochar, regenerative agriculture) by convening and facilitating workgroups that create a value chain capable of conducting demonstration projects in its service territory. Grantee proposes to engage stakeholder communities and develop alliances that can offer incentives and material support to help landholders implement natural climate solutions. KCT plans to provide training for field teams that deliver on-the-ground assistance, while becoming a trusted source of information on regenerative practices.”