EV Initiative — Carbon Credit Program Terms

1. What this program is

Canada's Clean Fuel Regulations create tradeable credits for activities that lower the carbon intensity of transportation fuel. Charging an electric vehicle qualifies. Energy delivered at a registered charger generates credit value.

An individual charger owner cannot claim these credits. The regulations require charging to be registered and reported through a network operator. That is the role EV Initiative performs: we register eligible chargers, collect the metered charging data, generate the credits, sell them, and share the proceeds with you.

These Carbon Credit Program Terms govern that arrangement. They apply in addition to our Terms of Service, our Payout Terms and, where you host, our Host Program Terms.

Participation is voluntary. You may participate with some chargers and not others.

2. Where the program operates

The program currently operates in Canada. Eligibility depends on the regulatory programme applicable in your province, and on your charger meeting the registration requirements in Section 4.

Other jurisdictions operate comparable programmes with different rules and different economics. Where we extend the program, we will present terms for that jurisdiction.

3. What you assign to us, and what you keep

3.1 The assignment

For each charger you enrol, and for the period it is enrolled, you assign to EV Initiative the environmental attributes arising from energy delivered at that charger, solely for the purpose of generating, registering, verifying, selling and settling credits under the applicable programme.

"Environmental attributes" means the credits themselves and the rights, reportable quantities and claims required to generate them under the programme. The assignment is exclusive for the period of enrolment, because a credit can only be claimed once and a duplicate claim would invalidate it.

This assignment exists because the regulations require the claim to be made by a network operator. Without it we cannot generate a credit at all, and there would be nothing to share.

3.2 What you keep

You keep every incentive, rebate, grant and tax credit you qualify for. We do not take an assignment of them, we do not require you to route them through us, and we do not ask you to remit one to us if a programme pays you directly.

You keep your charger. Enrolling does not lock your charger to our network, does not restrict what hardware you may use, and does not oblige you to remain enrolled. You may withdraw a charger at any time under Section 10.

You keep your charging revenue. This program is separate from and additional to the Host Program.

3.3 What the assignment does not cover

The assignment is limited to what is needed to generate and settle credits. It gives us no interest in your charger, your premises, or any other right.

4. Registering a charger

Enrolment is not automatic. A charger must be enrolled by us before any energy delivered at it generates credit value for you. Energy delivered before enrolment does not accrue, and cannot be claimed retroactively unless the programme expressly permits it and we tell you so.

The programme requires specific information for each charger, and we cannot register one without all of it:

• site name and full address;
• latitude and longitude to six decimal places, unique to that individual charger;
• manufacturer;
• model;
• serial number;
• connector type.

You warrant that the information you provide is accurate. This is a filing to a regulated programme. Inaccurate registration data can invalidate a claim, expose us to clawback, and jeopardise our standing as a registered operator. Section 8 addresses the consequence of inaccurate data.

You will tell us promptly if any registered detail changes, including if a charger is moved, replaced, or decommissioned.

5. What you earn

You earn a share of the credit value generated by energy delivered at your enrolled chargers, with a floor expressed per kilowatt-hour. The share percentage and the floor in effect are shown in the Platform.

Three things about how that works, each of which matters.

5.1 Accrual is on energy delivered, not on revenue

Credits arise from electricity delivered to a vehicle. A session that costs the driver nothing still generates credit value. Your own charging, charging by someone on your free pass list, and charging at a charger you have set to free all accrue, because they all deliver energy.

5.2 The rate is fixed when a session starts

The share and floor applied to a session are those in effect at the moment that session begins. A later change never reaches backwards into charging already done.

Rates are variable and we may change them on notice. Participation gives you no vested right to any share, any floor, or any future rate. Credit prices move materially, and the number of credits issued per kilowatt-hour is set by the programme and changes over time. Any programme built on this market must be able to reprice.

5.3 The floor applies to money we actually receive

The floor tops up a realised payment. It is not a guarantee against the programme failing.

If a credit is rejected, cannot be verified, or does not sell, the sessions attributable to it pay nothing, and the floor does not apply to them. We will tell you when this happens and why.

6. When you are paid

Credits are generated and settled on the programme's cycle, which is annual. There is a real gap between the moment a vehicle charges and the moment the credit from that charging has been issued, sold and paid for.

We pay you after we have been paid. We do not advance money against credits that have not been monetised.

What you see in the Platform before then is an estimate. Your accruing balance is calculated from the rate pinned at each session and the current market indication. The realised amount can be higher or lower. Once a batch settles, the Platform shows the realised figure alongside the estimate.

Payment is made in accordance with the Payout Terms, which require completed payout onboarding including identity verification.

7. Data

Operating this program requires us to share data with third parties:

• Registration data for your charger, including its address and coordinates, goes to the programme administrator, the regulator, and the partner through whom credits are generated and sold.
• Metered charging data, including session times and energy delivered, goes to the same parties as the basis of the claim.

We share what the programme requires and no more. Our Privacy Policy describes how we handle personal information. Where you are an individual, your registration data includes information about your property.

We retain records for the period the programme requires for audit and verification, which may be longer than we would otherwise keep them.

8. Audit, accuracy and misconduct

We may audit. We may verify registration data, inspect charging records, and request information about a charger. You will cooperate with a reasonable request.

Inaccurate data. Where registration data proves inaccurate, we may correct it, suspend the charger from the program, and withhold accrual attributable to the period the data was wrong. Where the inaccuracy caused a claim to be rejected or clawed back, we may reclaim amounts already paid on it.

Misrepresentation and manufactured energy. Enrolling a charger at a location it is not at, misrepresenting a charger's specification, and generating energy readings other than by genuine charging use are each grounds for immediate removal from the program, forfeiture of unrealised accrual, and reclaim of amounts paid. Where such conduct exposes our registration as an operator, we will pursue our full remedies.

9. If the programme changes or ends

The programme is a regulatory construct and it may be amended, suspended, or repealed. If it is:

• accrual stops at the point energy is no longer eligible;
• amounts already realised and payable to you remain payable;
• amounts accrued but not yet realised pay only what is actually realised, and pay nothing if nothing is realised;
• we will tell you what happened and what it means for your balance.

We may also withdraw from the programme, or a partner may cease to participate. The same treatment applies.

10. Withdrawing and termination

By you. You may withdraw a charger at any time in the Platform. The assignment in Section 3 ends for energy delivered after withdrawal. Energy delivered before it remains subject to these terms so that a claim in progress can complete, and any amount realised from it is paid to you.

By us. We may remove a charger, or terminate your participation, for breach of these terms, for conduct described in Section 8, where a charger no longer meets programme eligibility, or where required by the programme, the regulator or law.

On termination for any reason other than under Section 8, amounts realised remain payable and claims in progress complete.

11. No guarantee

Nothing in these terms, in the Platform, or in anything we publish is a projection or guarantee of credit value, of the amount you will receive, or of the continuation of the programme. Credit prices are set by a market we do not control.

12. Disclaimers and liability

The program is provided "as is." To the maximum extent permitted by applicable law we disclaim all warranties, express, implied and statutory, in relation to it.

We are not liable for a decision of the programme administrator or the regulator, for a credit not being issued, for a credit not selling, for the price at which a credit sells, or for a change to the programme.

To the maximum extent permitted by applicable law, our total aggregate liability arising out of or relating to these terms is limited to the total amount we have paid you under this program in the twelve months preceding the event giving rise to the claim. These limits do not apply to liability that cannot be limited under applicable law.

13. Indemnification

You will indemnify us against any claim, loss, liability, damage, cost and expense, including reasonable legal fees, arising from inaccurate registration data you provided, from a misrepresentation about a charger, from a claim that you had assigned the same environmental attributes to another party, or from your breach of these terms.

14. Disputes and governing law

The dispute resolution and governing law provisions of our Terms of Service apply. For Canadian residents that means the courts of your province or territory.

15. Changes

We may change these terms. Where a change is material we will present the new version and ask you to accept it. A change to the share or the floor applies to sessions starting after it takes effect and never to sessions already run.

16. Contact

EV Initiative, Inc. carbon@evinitiative.com legal@evinitiative.com