Terms of Service

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

1. Who we are

This website, application and related services (collectively, the "Service") are operated by HAZELBIT SRL, a Romanian company registered at Str. Fântânilor 43, Bl. B14, Ap. B39, Iași, Romania, trade register J22/1676/2024, CUI 50078499, EUID ROONRC.J22/1676/2024.

Contact: info@hazelbit.ro

2. What we do

Hazelbit enables individuals and organizations to support hazelnut plantations and receive a digital ESG certificate and/or an NFT that symbolizes a specific plant (a hazelnut tree). Selected offerings include a right to a portion of harvest yield, as described below. The Service records selected events (e.g., issuance of certificates/NFTs) on a third-party blockchain. We are not a regulated investment platform and we do not sell carbon credits.

3. Relationship with blockchain terms

Blockchain notarization, token issuance, and NFT features rely on third-party infrastructure (currently Commercio.network). By using certificate or NFT features, you acknowledge and accept the third-party chain terms referenced athttps://hazelbit.ro/tos(the "Blockchain Terms"), which are incorporated by reference only for those features. If the Blockchain Terms conflict with these TOS, these TOS govern your relationship with Hazelbit; however, on-chain mechanics are governed by the Blockchain Terms and network rules.

4. Key definitions

Account:Your Hazelbit profile authenticated via our identity system (e.g., Keycloak).
Certificate:Hazelbit ESG Impact Tree certificate (digital record + on-chain TxID) confirming that Hazelbit arranged care of a specific plant and recorded your support.
NFT:a non-fungible token that symbolizes a specific hazelnut tree and may carry a right to a fraction of resulting harvest ("Harvest Benefit") as set out in §10.
$HZBT Utility Token (if enabled):a utility token that may be required to acquire NFTs, access perks, or pay certain on-chain fees. $HZBT is not a security or e-money.
$HZTR NFT (if enabled):the Hazelbit NFT representing one hazelnut tree.
Hosted Wallet:a web wallet environment where private keys are maintained by our service/partner on your behalf to facilitate on-chain operations.
Consumer:an individual acting outside trade/business. Business User: all others.

5. Eligibility

You must be 18+, have full legal capacity, and not be subject to sanctions or restrictions that prohibit purchasing digital content/NFTs. We may require KYC/AML checks for token/NFT purchases (see our KYC/AML Policy).

6. Account, security and hosted wallet

You must provide accurate information and keep it updated. You are responsible for credentials confidentiality and all activity under your Account. For blockchain features, a hosted wallet may be provisioned; custody of private keys may be maintained by Hazelbit or a partner to execute transactions you authorize. We may suspend/close accounts for suspected fraud, policy breaches, or legal requirements.

7. Nature of products and regulatory status

(a) Not investment products

NFTs, utility tokens, and certificates are not securities, collective investment schemes, e-money, or asset-referenced tokens within the meaning of EU MiCAR (Reg. 2023/1114). They grant access to experiences, recognition and, where explicitly stated, a Harvest Benefit (see §10).

(b) No carbon credits

Certificates are not UN-compliant "carbon credits." We provide transparent ESG claims based on reasonable agronomic assumptions (see ESG & Carbon Claims Policy).

(c) Price and availability

The price of NFTs/certificates is displayed at checkout (e.g., €80/NFT for a single tree) inclusive/exclusive of VAT as shown. We may change prices at any time prior to purchase.

8. Environmental services and care of plants

We arrange planting and long-term care of hazelnut trees on designated plantations (e.g., Moldova/Romania region). Care includes irrigation, pruning, replacement where agronomically needed, and monitoring. Trees are cultivated in an orchard system; they are not removable personal property. Your purchase sponsors planting and care; it does not transfer land/tree ownership to you.

9. Certificates

Upon eligible purchase we issue an ESG Impact Tree Certificate (digital) referencing your sponsored plantings and showing an indicative annual CO₂ uptake per tree (default baseline currently 60 kg CO₂/year unless otherwise disclosed). Certificates include a TxID link that we record on chain. They are informational, audit-traceable artifacts and not regulatory carbon instruments.

10. NFTs and Harvest Benefit (where applicable)

(a) NFT scope

A $HZTR NFT symbolizes one (1) hazelnut tree. If stated on the product page, the NFT includes a Harvest Benefit equal to 40% of that tree's annual hazelnut production for up to 30 years from issuance.

(b) Example

If a tree yields 5 kg in a season, the NFT holder's indicative share is 2 kg. Actual yields vary due to weather, agronomy, age, disease, and force majeure.

(c) Redemption

Harvest Benefit may be (i) delivered in-kind (hazelnuts) subject to shipping, customs, and food laws, or (ii) credited as an equivalent value/weight for pickup or future redemption, or (iii) monetized as a fair-value credit applied to your Account, at Hazelbit's reasonable discretion and logistics feasibility (see Harvest Benefit & Redemption Policy).

(d) Costs & taxes

Shipping, customs, storage, and applicable taxes are borne by the NFT holder unless local law mandates otherwise.

(e) Non-accumulating cap

If a season's Harvest Benefit is not redeemed within the stated window, it may expire or convert to credit per the Redemption Policy.

(f) Transfer

NFTs may be transferable on compatible networks/marketplaces. A transferee must create a Hazelbit Account to access redemption. Transfer does not assign land/tree ownership.

(g) No guaranteed yield

We do not warrant minimum yields or market prices for hazelnuts.

11. Replant & replacement

If a tree dies or becomes non-productive, we will replace it with a plant of similar age or reassign your NFT to a comparable tree within the same plantation cluster. Replacement does not extend the original 30-year term (see Replant, Replacement & Force-Majeure Policy).

12. Ordering, payment, and delivery of digital items

Orders are offers to buy. We accept by confirming the order and/or delivering the digital item (certificate/NFT). Payments may be processed by third-party processors (e.g., card, bank transfer, crypto rails where lawful). Digital content is delivered immediately after successful payment/validation.

13. Right of withdrawal (consumers) — digital content

By purchasing digital content (certificates, NFTs, tokens) for immediate delivery, you expressly consent to immediate performance and acknowledge you lose the 14-day withdrawal right under EU consumer rules once performance begins. This does not affect your statutory rights regarding non-conformity of digital content.

14. Prohibited uses

You may not use the Service to violate law, infringe IP, engage in market abuse, money laundering, sanctions evasion, fraud, harassment, or attempt to breach security or interfere with networks.

15. Intellectual property

All site/app content, trademarks, software and data are owned or licensed by Hazelbit. We grant you a limited, revocable, non-transferable license to access the Service for its intended purpose. No scraping or reverse engineering.

16. Third-party services and links

Analytics, cloud, identity, payments, on-chain infrastructure and other vendors support the Service. Use of those services may be subject to their terms and privacy notices. We are not responsible for third-party sites.

17. Data protection

We process personal data as described in our Privacy Policy. You agree to that policy and to our Cookie Policy when using the Service.

18. Warranties and disclaimers

THE SERVICE, CERTIFICATES, NFTs AND TOKENS ARE PROVIDED "AS IS" AND "AS AVAILABLE." TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. ENVIRONMENTAL/CO₂ METRICS ARE ESTIMATES SUBJECT TO ASSUMPTIONS AND MAY CHANGE OVER TIME.

19. Liability

To the fullest extent permitted by law: (a) we exclude liability for indirect, incidental, special, exemplary, punitive or consequential damages, lost profits, loss of data, goodwill or reputation; and (b) our aggregate liability for all claims in any 12-month period is limited to the greater of €100 or the amounts you paid to Hazelbit for the Service giving rise to the claim in that period. Consumer statutory rights remain unaffected.

20. Indemnity

You agree to indemnify Hazelbit against claims arising from your breach of these TOS, unlawful conduct, or infringement of third-party rights.

21. Force majeure

We are not liable for delay or failure due to events beyond our reasonable control (e.g., extreme weather, war, labor disputes, epidemics, power/network failures, chain outages).

22. Changes

We may update these TOS to reflect legal, technical or business changes. We will notify you by reasonable means (e.g., email or in-product notice). If you are a Consumer and changes materially disadvantage you, you may terminate use of affected features; continued use after the effective date constitutes acceptance.

23. Termination and suspension

We may suspend or terminate access for policy breaches, legal requests, fraud risk, or security issues. You may stop using the Service at any time. On termination, access to hosted wallets and redemption features will cease, subject to any post-termination redemption windows described in the Redemption Policy.

24. Governing law and disputes

These TOS are governed by Romanian law and applicable EU consumer law.

Consumers: for disputes not resolved via ADR/ODR, courts of your place of residence have exclusive jurisdiction.

Business Users: for disputes not resolved via ADR, jurisdiction lies with the competent courts of Iași, Romania.

EU ODR platform: https://ec.europa.eu/consumers/odr/

25. Contact

HAZELBIT SRL

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

EUID ROONRC.J22/1676/2024 — CUI 50078499 — J22/1676/2024

Email:info@hazelbit.ro