Pre-Authorized Debits/Credits Form (PADs)
BARBADOS PRE-AUTHORIZED DEBIT/CREDIT AUTHORISATION AND DIRECTION
(Direct Debit/Credit Mandate)
This Payor Authorization (the "Authorization") is executed this August 9, 2025 by the undersigned in its capacity as Customer pursuant to one or more Digital Solar Agreements (the "Payor") and is granted in favour of CloudSolar Inc. (the "Payee") and the Processing Institution (defined below) pursuant to the Website Terms of Use (the "Terms of Use") for the https://cloud.solar website (the "Site").
In this Authorisation, capitalised terms used and not otherwise defined herein shall bear the meanings given in the Terms of Use.
1. Payor's Name and Address
I/We warrant and represent that the following information input by me/us (Including Name of Payor's Financial Institution (the "Processing Institution") the Processing Institution's Number, Transit Number and Account Number information) is all accurate.
Required Information:
- First Name
- Last Name
- Address
- Telephone Number
- Bank Account Name
- Bank Name
- Bank Branch
- Bank Transit
- Bank Account Number
I/We agree to inform the Payee, in writing, of any change in the information provided in this section of the Authorization at least 10 days prior to the next use of the Pre-Authorized Debit/Credit, the operation of which is more particularly described in section 8 below ("PAD").
2. The Payee's contact and banking information is as follows:
CloudSolar Inc.
Ocean Hotels Corporate Centre
Maxwell Main Road
Christ Church
Christ Church
Barbados
BB17075
1 246 418 8088
Bank Account Name: Chequing
Bank Name: CIBC First Caribbean International Bank
Bank Branch: Warrens
Bank Transit: 09326
Bank Account Number: 1001199826
3. I/We acknowledge that the Authorization is provided for the benefit of the Payee and the Processing Institution to permit the Processing Institution agreeing to process debits or electronic representation of debits against my/our account, as listed above, (the "Account") in accordance with any Clearing Regulations.
4. I/We warrant and guarantee that I/we are the only persons whose signatures are required to authorize debits from the Account and that my/our signature hereto represents our acceptance of the terms of this Authorization.
5. I/We hereby authorize the Payee to make debits from the Account from time to time in accordance with the PAD for the payment by the Payor of solar panel(s) purchased under a Digital Solar Agreement on the Site from the Payee. I/We hereby authorize and direct the Processing Institution to transfer the amount stated in the PAD to the Payee. Debits under this Authorization may be made in any manner required or permitted by the laws of Barbados.
6. I/We may cancel the authorization at any time upon providing 10 days' written notice to the Payee and the Processing Institution.
7. I/We acknowledge that provision and delivery of this Authorization to the Payee constitutes delivery by me/us to the Processing Institution. Any delivery of the Authorization to the Payee, regardless of the method of delivery, constitutes delivery by me/us.
8. The Payee will provide to me/us, at the address provided in Section 1 and by way of a notice in my account on the Site with respect to fixed amount PADs, written notice of the amount to be debited (the "Payment Amount") and the date(s) on which the Payment Amount debited will be posted to my/our Account (the "Payment Date"), at least 10 calendar days before the Payment Date of the PAD, and such notice shall be provided every time there is a change in the Payment Amount or the Payment Date(s).
9. The Payee may issue a PAD as frequently as agreed in accordance with the terms agreed under any payment plan for any Solar Services Agreement for the payment of solar panels from the Payor arranged via the Site.
10. I/We warrant that the Processing Institution is not required to verify that a PAD has been issued in accordance with the particulars of this Authorization including, but not limited to, the amount, or that any purpose of payments for which the PAD was issued has been fulfilled by the Payee as a condition to honoring a PAD issued or caused to be issued by the Payee on the Account.
11. Revocation of this Authorization does not terminate the Terms of Use that exist between me/us and the Payee or the Digital Solar Agreement(s) I/We am/are party to. The Authorization applies only to the method of payment and does not otherwise have any bearing on the Terms of Use or the Digital Solar Agreement(s) I/We am/are party to.
12. Dispute Resolution
I/We may dispute a PAD only under the following conditions:
- the PAD was not drawn in accordance with this Authorization;
- this Authorization was revoked;
- pre-notification, as required under section 8 was not received.
I/We acknowledge that in order to be reimbursed a declaration to the effect that either (A), (B) or (C) took place, must be completed and presented to the branch of the Processing Institution holding the Account up to and including 90 calendar days after the date on which the PAD in dispute was posted to the Account. I/We acknowledge that when disputing any PAD beyond the time allowed in this section it is a matter to be resolved solely between me/us and the Payee, outside the payments system.
13. I/We agree that the information contained in this Authorization may be disclosed to CIBC First Caribbean International Bank (Barbados) Limited as required to complete any PAD transaction.
14. I/We understand and accept the terms of participating in the PAD(s) facilitated under this Authorization.