# Payout Terms

**Version 2026.07.29-v1**
**Effective 29 July 2026**

EV Initiative, Inc. https://evinitiative.com/payout-terms

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## 1. What these terms cover

These Payout Terms govern how EV Initiative, Inc. ("EV Initiative," "we," "us") pays money to
you, and what obligations attach to receiving it. They apply to you if you receive any payment
from us, including as a Host earning charging revenue, as a Sales Partner earning commission,
or as a participant in a program that pays a share of proceeds.

**These terms govern how you are paid. They do not determine what you earn.** What you earn is
set by the program terms that apply to you: the Host Program Terms, the Sales Partner Program
Terms, or the Carbon Credit Program Terms. Where a program term addresses the calculation of an
amount, that term controls.

They apply in addition to our Terms of Service and Privacy Policy.

## 2. We are not a bank

We are not a bank, a money transmitter, a lender, or a deposit-taking institution. Amounts
accrued to you and not yet paid are an obligation we owe you under contract. They are not held
on deposit, are not held in trust for you unless we expressly say so, and earn no interest.

## 3. Setting up payouts

**Onboarding is required before we can pay you.** Payouts are made through our payment
processor, Stripe. Before we can pay you, you must complete Stripe's onboarding, which includes
identity verification and, for a business, verification of the business and its beneficial
owners. This is a legal requirement on the processor, not a preference of ours.

**Accrual continues without onboarding.** Amounts you earn accrue and are held while your
onboarding is incomplete. Nothing is lost by delay. Nothing is paid until onboarding completes.

**Your Connect account is subject to Stripe's terms.** Your payout account is a Stripe account
governed by Stripe's own agreement with you. We do not control it, cannot access your banking
credentials, and cannot override a decision Stripe makes about it, including a decision to
restrict or close it.

**Keep your details accurate.** You are responsible for the accuracy of your payout details. We
are not liable for funds that reach the wrong destination because the details you provided were
wrong, and recovering them may not be possible.

## 4. How and when we pay

**Schedule.** We pay on our regular payout cycle, which is shown in the Platform. Where a
program pays only after we have received the underlying revenue, payment follows that receipt.
The Carbon Credit Program is one such program and its cycle is set by the credit programme
itself.

**Minimum threshold.** We may apply a minimum payout amount, disclosed in the Platform. Amounts
below it carry forward until the threshold is met.

**Currency.** Payouts are made in the currency shown for your account. Where a conversion is
required, it is performed by the payment processor at its rate, and the conversion cost is borne
by the receiving account.

**Statements.** The Platform shows what you have accrued, what has been paid, and the basis of
each amount. Review statements promptly. Absent manifest error, a statement is final ninety
days after it is issued.

## 5. Adjustments, reversals and negative balances

**Reversals.** If revenue underlying a payment to you is refunded, charged back, reversed, or
corrected, the amount attributable to you is reversed.

**Offset.** We offset reversals against amounts you have accrued but not yet been paid.

**Negative balances.** Where your accrued balance is insufficient to absorb a reversal, we may
invoice you for the difference, payable within thirty days, or recover it from future accruals.

**Corrections.** Where we discover that an amount was calculated incorrectly, we will correct it
in either direction and tell you what changed and why.

## 6. Withholding

We may withhold a payment, in whole or part, where:

- we are investigating suspected fraud, abuse, or a breach of the program terms that apply to
  you;
- a dispute is open concerning the underlying revenue;
- your payout account is restricted by the payment processor;
- we are required to withhold by law, court order, or tax authority direction;
- your account is in arrears to us.

We will tell you when we withhold and why, unless doing so is prohibited or would prejudice an
investigation. If the reason resolves in your favour, we release the payment.

## 7. Taxes

**You are responsible for all taxes on amounts you receive.** We do not withhold tax except
where law requires us to. We will issue tax information returns where law requires. You are
responsible for determining your own tax obligations, for registering where you must, and for
charging and remitting any sales, use, GST, HST or provincial tax that applies to your
activity.

You must provide the tax information we reasonably request. We may withhold payment while
required tax information is outstanding.

## 8. Unclaimed amounts

Where we cannot pay you because your payout account is closed, your details are invalid, or you
cannot be reached, we will make reasonable efforts to contact you at the address on your
account. Amounts that remain unclaimed are handled in accordance with applicable unclaimed
property law.

## 9. Termination and what survives

If your participation in a program ends, or your account is closed:

- amounts already accrued and not subject to a reversal or withholding remain payable, and we
  will pay them on the next regular cycle after any open matter is resolved;
- where a program term expressly provides that amounts continue to accrue after termination,
  that term controls and we continue to pay accordingly;
- reversals continue to apply to amounts already paid, and Section 5 continues to operate;
- your obligations concerning tax and accurate information survive.

Where a program ends because of conduct described in the program terms as bad faith, fraud, or
manipulation, we may withhold and reclaim amounts attributable to that conduct.

## 10. No guarantee of amount

Nothing in these Payout Terms, in the Platform, or in anything we publish is a projection,
guarantee or assurance of any amount you will receive. Amounts depend entirely on activity and,
in some programs, on the value realised from a third party or a market we do not control.

## 11. Disputes about a payment

Contact us at payouts@evinitiative.com with the statement period, the amount in question, and
what you believe the correct amount to be. We will investigate using session, transaction and
settlement records and respond within thirty days.

The dispute resolution and governing law provisions of our Terms of Service apply to any
dispute arising under these Payout Terms.

## 12. Changes

We may change these Payout Terms. Where a change is material we will present the new version
and ask you to accept it. A change will not reduce an amount already accrued to you before the
change takes effect.

## 13. Contact

- EV Initiative, Inc.,
  2108 N St, Suite #4103,
  Sacramento, CA 95816
- payouts@evinitiative.com
- legal@evinitiative.com