Terms and Conditions

By participating in the FAAB Invest Referral Program (“Program”) by FAAB Invest Advisors Pvt. Ltd. (“FAAB”), either as a Referrer (defined below) or as an Referee (defined below), you are accepting these terms and conditions (“Terms”).

The Terms govern the Program for existing or prospective users (“User”) who have signed up or shall sign up, as the case may be, on FAAB’s mobile application (“FAAB Invest”). These Terms shall be effective from 17th July, 2024.

These Terms shall be read with the website Terms and Conditions and the Privacy Policy.

1. Referrer and Referee/Invitee Eligibility:

‍1.1. Referrer. Any User who (i) has registered themselves and completed the KYC verification process on the FAAB Invest Platform for either main or both main and linked accounts, or (ii) has made an investment through main or linked account; and (iii) has provided a unique code assigned to them by FAAB (“Referral Code”) to any new User. It is expressly clarified that the Referral Code shall be provided for the main account of the Referrer only, and this single Referral Code will be available to the main account holder and their linked accounts. Any Referral Reward (defined below) shall be given to the Main Account holder only. Any person that directly or indirectly derives monetary benefit from FAAB otherwise than this Referral Reward due to the new User making a Qualified Investment shall not be considered as a ‘Referrer’ under this Program.

1.2. Referee. Any User who (i) has not previously registered themselves on the FAAB Platform; (ii) uses the Referral Code to sign up on the FAAB Invest Platform and if required mentions and applies the Referral Code in the designated place on the FAAB Invest Platform at the time of signing up, and (iii) is not linked to any account of any Referrer.

2. The Program:

2.1. If an investment is made in the projects listed on the FAAB Invest Platform (“Qualified Investment”) within two (2) years of signing up using the Referral Code, the Referrer will receive the Referral Reward (defined below); for the first such Qualified Investment made by the Referee. Qualified Investment does not include re-sale or secondary sale investments but shall be limited to a direct investment in FarmFraX Opportunities through the FAAB Invest Platform only;

2.2. FAAB may, in its sole and absolute discretion, accept or reject any Referee from signing up on the FAAB Invest Platform and the decision of FAAB in this regard shall be final and binding;

2.3.For the first Qualified Investment made by the Referee, the Referrer whose Referral Code is used for such Qualified Investment shall receive a ‘cashback’ equivalent to 2% of the Qualified Investment ("Referral Reward”), as per the terms mentioned below.

3. Referral Reward Payment Terms:

3.1. The Referral Reward will accrue to the Referrer immediately after the Referee completes the Qualified Investment. In case of a Referrer who has not completed a single Qualified Investment from their account as on the date of Referral Reward accruing, the Referral Reward will become payable to the Referrer upon the Referrer completing their first Qualified Investment. A Referral Reward can stay accrued to the Referrer until a maximum period of 2 (two) years from the date it accrues, within which time the Referrer is required to complete a Qualified Investment to be eligible for the payout of Referral Reward.

3.2. The Referral Reward shall be sent to the Referrer’s FAAB Invest wallet within 30 (thirty) days from (i) the date of commencement of the project into which the Qualified Investment is being made, if the Referrer has already made a Qualified Investment; (ii) the date the Referrer completes their first Qualified Investment within a period of 2 (two) years from the Referral Reward accruing to them.

3.3. Notwithstanding anything to the contrary, the decision of FAAB shall be final and binding on you in case of any dispute(s) or discrepancy regarding entitlement or computation of the Referral Reward payable;

3.4. Payment of Referral Reward by FAAB shall be subject to deduction of applicable taxes. The Referrer agrees to provide signed declarations as required by FAAB should they be exempt from applicable taxes.

4. Obligations:

4.1. The User shall not:

4.1.1. make any representations and warranties attributable to FAAB or with respect to the investment opportunities or services offered by FAAB on the FAAB Invest Platform (“Services”),
4.1.2. make any false or misleading representations about the ownership, specifications, features or capabilities of the services that are inconsistent with those communicated by FAAB, which is in written form.
4.2. Further, the User agrees and acknowledges that the Services shall always be referred as the services of FAAB and they shall not, in any manner represent to any person, promote, refer or market the Products as their own;

4.3. The User shall not incur any liability on behalf of FAAB or give any credit or discount on behalf of FAAB, unless authorised by FAAB in writing;

4.4. The User shall:

4.4.1. at all times comply with the applicable laws;
4.4.2. Not engage in any activity that may be considered fraudulent, invasive, or spamming.
4.4.3. Ensure the accuracy and completeness of all information submitted on the FAAB Invest Platform pursuant to these Terms.
4.5. The User represents and warrants that pursuant to these Terms, they have not carried out any other activities, such as any financial advisory, inducing persons to use or trade/transact with FAAB, providing stock tips, managing portfolios etc.

4.6. The User shall not, since being eligible to receive Referral Reward from FAAB, enter into any contracts or publish any marketing material/advertisement acting as FAAB or act as an agent of FAAB without the explicit written permission of FAAB.

4.7. The User shall not post, publish, or share the Referral Code on public forums without any context. If the Referrer’s source is found to be in a public forum, the Referral Code will be deactivated and such an investment will not count as a referral for the purposes of this Program.

5. Amendments:

‍5.1. FAAB reserves the right, at its sole discretion, to change, modify, add or remove portions of these Terms, at any time without any prior written notice to you. It is your responsibility to review the Terms periodically for updates /changes.