Donation Terms, version 1.0

Carrot Fndn — Version 1.0 · Effective as of publication at docs.carrot.eco

1. Who we are

1.1. These Donation Terms (the "Terms") govern voluntary donations made to Carrot Fndn, a foundation (Stiftung) established under Articles 80 et seqq. of the Swiss Civil Code, registered with the Commercial Register of the Canton of Zug under UID CHE-152.448.302, with registered seat at c/o Sielva Management SA, Gubelstrasse 11, 6300 Zug, Switzerland (the "Foundation", "we", "us").

1.2. The Foundation's purpose is to develop and promote the Carrot Protocol and related open, decentralized technologies fostering a sustainable, waste-free society, as set out in its foundation deed of 10 October 2023. Donations support this purpose.

2. Scope — donations are not purchases

2.1. These Terms apply exclusively to voluntary donations made through the Foundation's donation page or other donation channels the Foundation designates.

2.2. Donations are separate and distinct from purchases of Environmental Credits. The purchase of Recycling Credits (TRC) or Carbon Credits (TCC) is governed exclusively by the Terms and Conditions of Sale of Environmental Credits and is not a donation; a donation under these Terms does not entitle the donor to any Credit. If you intend to acquire Credits, do not use the donation flow.

3. Nature of the donation

3.1. A donation under these Terms is a voluntary, gratuitous and unconditional contribution to the Foundation. The donor receives no goods, services, Environmental Credits, tokens, rewards, governance or participation rights, or any other consideration in return.

3.2. Donations are unrestricted: they become part of the Foundation's assets and are applied to the Foundation's statutory purpose at the Foundation Council's discretion.

3.3. The donation is made under Swiss law as a gift (Schenkung) within the meaning of Article 239 et seqq. of the Swiss Code of Obligations, accepted by the Foundation upon settlement of the funds.

4. No tax deductibility

4.1. The Foundation is a Swiss foundation. It is not a tax-exempt organization under Section 501(c)(3) of the United States Internal Revenue Code, and donations are not tax-deductible in the United States.

4.2. The Foundation makes no representation that a donation is tax-deductible in Switzerland or in any other jurisdiction. Any acknowledgment or receipt we issue confirms the contribution only and is not a tax receipt.

4.3. Donors are solely responsible for determining the tax treatment of their donation in their own jurisdiction and for any taxes, duties or reporting obligations arising from it.

5. Making a donation; bank transfer; identification

5.1. Donations are made by bank transfer to the Foundation's bank account, using the account details and the payment reference provided on the donation page. The Foundation may offer additional payment methods from time to time; where a payment method is processed by a third-party payment service provider, that provider's own terms and privacy policy apply to the processing of the payment.

5.2. Before transferring, the donor completes the donation form on the donation page (name, e-mail address, amount and currency and, for legal entities, the entity's name), accepts these Terms, and receives the transfer instructions with a payment reference. The donor must include the payment reference in the transfer. By submitting the donation form and making the transfer, the donor accepts these Terms.

5.3. Transfers must be made from an account held in the donor's own name. The Foundation may return, at the sender's cost, transfers made from third-party accounts and transfers it cannot match to a donation form or otherwise identify.

5.4. Each transfer is a separate donation, governed by the Terms in force on the date the funds are credited. Donors who wish to give regularly may set up a standing order with their own bank; such recurring transfers are created, changed and cancelled by the donor directly with their bank.

5.5. The donation is completed when the funds are credited to the Foundation's bank account. Amounts received are recorded as donation income of the Foundation, net of any bank or payment-processing charges; costs charged by the donor's own bank for the transfer are borne by the donor.

5.6. The Foundation may set minimum or maximum donation amounts and may indicate the currencies it accepts on the donation page.

6. Donation receipt

6.1. After the funds are credited and the transfer is matched to the corresponding donation form, the Foundation will issue an electronic donation acknowledgment to the e-mail address provided in the form, stating the donor's name, the date, the amount and currency of the donation, and confirming that no consideration was provided in return.

6.2. The acknowledgment is a confirmation of contribution only. It has no tax value (Section 4). The Foundation may be unable to issue an acknowledgment for transfers it cannot match to a donation form (Section 5.3).

7. Refunds

7.1. Donations are final and non-refundable, except where: (a) the transfer resulted from a manifest error or duplication; (b) the transfer was unauthorized or fraudulent; or (c) the Foundation, at its sole discretion, decides to return a donation under Section 8.

7.2. Refund requests under 7.1(a) or (b) must be sent to donations@carrot.eco within 30 days of the transfer. Approved refunds are made by bank transfer to the account from which the donation was made.

8. Compliance; right to refuse or return

8.1. The Foundation may refuse, decline to process, or return any donation, in whole or in part, at its sole discretion — including where the donation raises anti-money-laundering, sanctions, fraud, legal or reputational concerns, or where required by its bank.

8.2. Donations of CHF 10,000 or more (or equivalent), and any donation flagged by the Foundation's bank, may be subject to enhanced verification before acceptance. The Foundation may request identification documents and information on the origin of funds and may return the donation if such information is not provided.

8.3. By donating, the donor represents and warrants that: (a) they are at least 18 years old and have full legal capacity; (b) the funds are their own and of lawful origin; (c) they are not subject to sanctions administered by Switzerland (SECO), the UN, the EU, the US (OFAC) or the UK; and (d) if donating on behalf of a legal entity, they are duly authorized to bind that entity.

8.4. Anonymous donations are not accepted: the Foundation must be able to identify the donor (Sections 5.2 and 5.3). The Foundation does not publicly disclose donor identities or amounts without the donor's consent.

9. Data protection

9.1. Personal data provided in connection with a donation is processed in accordance with the Foundation's Privacy Policy, in compliance with the Swiss Federal Act on Data Protection (revFADP/revDSG) and, where applicable, the GDPR and the LGPD.

10. General

10.1. The Foundation may amend these Terms at any time with effect for future donations; the version in force on the date the funds are credited applies. The Terms are published in the Legal section of docs.carrot.eco.

10.2. If any provision of these Terms is held invalid, the remaining provisions remain in effect.

10.3. These Terms and any donation made under them are governed by substantive Swiss law, excluding its conflict-of-law rules. Exclusive place of jurisdiction is Zug, Switzerland, subject to mandatory statutory venues.

10.4. Contact: Carrot Fndn, c/o Sielva Management SA, Gubelstrasse 11, 6300 Zug, Switzerland — donations@carrot.eco.

Carrot Fndn — Donation Terms · v1.0 · 2026-09-23