Confidential · Internal

Bridges Outcome Partnership — DD / KYC

Delivery Partner Due Diligence for SweetSense, Inc. (dba Virridy) & Virridy Carbon LLC. Contacts: Marina, Faith (Head of Compliance).

📁 Open Drive folder
Last updated: 5 July 2026
27
Documents provided
8
Actions outstanding
1
Drafts ready for review
2
Documents still to produce

Documents to produce — 1 draft ready in Drive / 06-drafts-to-produce

Drafts ready for review (in Drive)
  • Draft ready
    authorized-signatory-list.md — reproduce on letterhead, add specimen signatures, sign (Tab 2A Q11)
    Owner: Evan
Still to produce (need counsel / Webb)
  • Produce
    Counsel note + RDB register update: Virridy Carbon LLC owns 100% of Virridy Rwanda Ltd
    Ownership already evidenced by the executed Board Consent + Share Purchase Agreement (on file). Residual: update the RDB share register to reflect Virridy Carbon LLC, or a short counsel note that the transfer is effective / RDB update pending.
    Owner: Evan → counsel
  • Produce
    SPV / Accord Capital ownership evidence
    Confirms Kevin Webb owns/controls SweetSense SPV, LLC — evidences the UBO look-through (Tab 2 C8/C9)
    Owner: Evan → Kevin Webb

Actions outstanding — for Evan

  • Pending
    Certified passport + proof of address — ALL 5 directors
    Thomas (scan → re-capture colour photo), Webb (also UBO), Garan, Mortenson, Lackner. Certified colour photo + proof of address <3 months, no PO Box. Note: the form itself only requires this for the 25%+ owner (Webb); Faith's email broadens it to all directors — worth confirming scope.
    Owner: Evan → directors
  • Pending
    Director details: DOB + domicile
    Garan, Mortenson, Lackner (Webb’s DOB comes from his passport; Evan’s captured)
    Owner: Evan
  • Pending
    Locate policy-review evidence
    Review log / version dates showing regular policy review (Tab 3B)
    Owner: Evan
  • Pending
    8 deferred legal representations (Tab 3B)
    Breaches, notices/prosecutions, conflicts, litigation, code-of-conduct, sanctions, past frauds, material news — mostly “all clean” confirmations
    Owner: Evan
  • Pending
    Confirm professional indemnity / E&O insurance
    Not on the COI — confirm whether held (GL, auto, umbrella, workers’ comp + D&O already on file)
    Owner: Evan
  • Pending
    Cost-per-beneficiary figure
    Tab 1 delivery approach
    Owner: Evan
  • Pending
    Certify copies of the corporate documents
    Bridges requires certified copies (“true copy of the original” + certifier details) of the AML corporate docs
    Owner: Evan
  • Ask Bridges
    Two questions for Faith
    (1) Will Bridges accept unaudited management accounts? (Tab 2A Q24). (2) Does the ID requirement apply to all directors, or only the 25%+ beneficial owner per Section A?
    Owner: Evan → Bridges
📝 Draft questionnaire workbook is populated
The real Excel is filled across Tabs 1, 2A, 3, 3A and 3B. Down to 12 open items (from ~115), all highlighted yellow / TBC: the 8 deferred legal representations, policy-review evidence to locate, professional-indemnity insurance, board resolution (deferred until Bridges presents a deal), and cost-per-beneficiary. Finance manual answered No (board budget process); procurement policy attached. File in Drive: 07-filled-questionnaire / Delivery Partner DD Questionnaire - Virridy DRAFT 2026-07-01.xlsx ↗.

Documents already provided — in the Google Drive folder

01 · AML / KYC corporate documents
02 · Director / shareholder ID
03 · Policies
  • Provided
    Covers anti-bribery/FCPA, whistleblowing, IT security, anti-harassment, EEO/DEI, ESG. Inventoried against Bridges’ policy list.
  • Provided
    Competitive bidding, purchase thresholds, CEO approval + cross-approval for CEO purchases, Fly America travel rules (Tab 3B; ~Apr 2024)
  • Provided
    Insurance — Chubb D&O, CU liability COI, Oka carbon-credit insurance
    D&O $1M; General liability $1M/$2M + $5M umbrella + workers’ comp $1M; Oka Article-6 “Corresponding Adjustment Protect” on ~41,576 Rwanda credits (~$831k insured) · Files: Chubb D&O, endorsement, CU COI, Oka policy
04 · Financials
  • Provided
    Balance Sheet — FY2025 & Mar 2026
    Solvent; zero long-term debt (unaudited management accounts) · Files: FY2025, Mar 2026
  • Provided
    Profit & Loss — FY2025 and FY2021–2025
    3-year turnover & net income series · Files: FY2025, FY2021–2025
05 · References
Provided Partial Pending To produce Ask Bridges

Questionnaire tabs

Tab 1 · Basic InfoDraft ready
Complete except cost-per-beneficiary + projections attachment.
Tab 2 · AML Doc ChecklistPartial
Org docs complete; IDs partial (Evan done, Webb pending); items to produce.
Tab 2A · AML KYCDraft ready
Filled; only the board resolution (deferred until Bridges presents a deal) outstanding.
Tab 3 · Policy ChecklistDraft ready
Complete; insurance program recorded; only professional indemnity to confirm.
Tab 3A · Env & SocialComplete
All 72 questions answered.
Tab 3B · BI & GovernanceDraft ready
Filled; open: 8 deferred legal representations + 1 policy doc to locate.

Key facts — reference

Investee
Virridy Carbon LLC (Delaware LLC)
Parent / operating entity
SweetSense, Inc. (dba Virridy) — Oregon C-corp, 100% owner of the LLC
Beneficial owner (≥25%)
Kevin Webb only, via SweetSense SPV / Accord Capital (35%). Evan Thomas holds 17.68% (below 25%) — not a UBO; director & authorized signatory.
Directors
Thomas, Garan, Mortenson, Webb, Lackner (all US nationals)
PEP status
None
Subsidiaries
Virridy Carbon LLC, Virridy Rwanda Ltd, SweetSense Africa Ltd, Virridy Digital LLC, Virridy Water LLC