Returns, Refunds & Cancellation Policy

Last updated: 28 August 2025Effective date: 28 August 2025

1. Purpose

This Policy explains Hazelbit SRL's rules regarding returns, refunds, and cancellations for digital Services, NFTs, and tokens. It balances consumer protection with the irreversible nature of blockchain transactions.

2. Scope

This Policy applies to:

Digital Assets

• $HZBT Utility Tokens

• $HZTR NFTs (Tree Certificates with Harvest Benefit)

Services

• Hazelbit Digital ESG Certificates

• All related Services accessed via hazelbit.ro

3. General principle

Due to the digital and blockchain-based nature of our products:

• Once purchased and issued, tokens and NFTs cannot be returned, refunded, or cancelled.

• Transactions are final and irreversible once confirmed on the blockchain.

• This rule exists because Hazelbit cannot technically reverse blockchain records.

4. EU Consumer Rights exceptions

Under EU law (Directive 2011/83/EU and Romanian Consumer Code), consumers normally have a 14-day right of withdrawal for online purchases.

However, the right of withdrawal does not apply to:

• Digital content once delivered, if the consumer gave consent and acknowledged loss of withdrawal rights.

• Financial services linked to market fluctuations beyond the trader's control.

• Blockchain tokens and NFTs, which are unique, personalized, and recorded irreversibly.

By purchasing Hazelbit tokens, NFTs, or certificates, you expressly:

• Consent to immediate delivery of digital content.

• Acknowledge that your right of withdrawal is waived once the blockchain transaction is executed.

5. Exceptional cases where Hazelbit may issue refunds

Hazelbit may, at its sole discretion, provide a refund or replacement only in the following limited cases:

Duplicate purchase

accidental double payment for the same order.

Technical failure

tokens or NFTs not issued due to a verified system error.

Fraudulent transaction

if payment was made with stolen credentials (subject to investigation and AML procedures).

Refunds in these cases will be:

• Issued within 14 business days, in the same method of payment where possible.

• Adjusted for network fees, gas fees, and administrative costs.

6. Harvest Benefit redemptions

• Physical deliveries (hazelnuts) are non-refundable once shipped.

• If delivery fails due to incorrect information provided by the customer, Hazelbit bears no liability.

• If Hazelbit cancels delivery due to force-majeure, an alternative (credits or replanting) will be offered.

7. Cancellation by Hazelbit

Hazelbit reserves the right to cancel a transaction or suspend an account if:

• Fraud, AML, or sanctions violations are suspected.

• The user breaches the Acceptable Use Policy.

• Payment was reversed, declined, or unauthorized.

In such cases, NFTs/tokens may be frozen or re-assigned where legally permitted.

8. Contact for refund/cancellation requests

All requests must be submitted to:

Hazelbit SRL

Str. Fântânilor 43, Bl. B14, Ap. B39, Iași, Romania

Email:info@hazelbit.ro

Hazelbit will review and respond within 10 business days.

Important Notice

Before purchasing any digital assets, please carefully read all terms and policies. Blockchain transactions are irreversible by nature, and this policy reflects technical limitations rather than arbitrary restrictions.