Terms & Conditions for ZebPay Futures loss Protection Offer – July, 2026

Awlencan Innovations India Limited (hereinafter referred to as “ZebPay“), is offering its selected Users of the ZebPay Platform in India, an opportunity to participate in the ZebPay Perpetual Futures Offer (July, 2026) (“Offer“) and seek rewards, subject to the eligibility criteria and other requirements listed in these terms & conditions (“T&Cs“).

These T&Cs shall apply to all Participants (as defined below). By accessing the ZebPay Platform and participating in the Offer, you confirm that you accept these T&Cs and that you agree to fully comply with them and with any additions/modifications thereto that may be made from time to time. By participating in the Offer, you further grant your consent to ZebPay to contact you.

You further agree that you are also bound by the Terms of Use, Privacy Policy, AML Policy, Futures Trading Policy and the Risk Disclosures and all other terms (hereinafter collectively referred to as “ZebPay Policies“).

Words capitalised and not defined hereunder shall have the meaning ascribed to them under the ZebPay Policies referred to above.

1. Period:

a) From 01st July, 2026, 10:00 AM IST (Indian Standard Time) to 31st July, 2026, 11:59 PM IST (“Offer Period“).

b) Notwithstanding anything stated in 1(a) above, ZebPay may, at its sole discretion, alter or extend or end the Offer Period and the Offer at any time at its sole discretion. Participants (defined below) are advised to review the updated T&Cs from time to time.

2. Offer:

Trade in INR and/or USDT Futures trading pairs on the ZebPay Platform during the Offer Period and receive a rebate on realized losses incurred on eligible Futures trades, subject to these T&Cs.

3. Eligibility:

A. To be eligible to receive a Reward (as defined below), a User is required to satisfy all the following criteria:

1. User received communication regarding this Offer from ZebPay via e-mail, push notification, in-app communication and/or any other mode of communication determined by ZebPay (“Participant(s)“);
2. Participant executes buy and/or sell transactions in INR and/or USDT Futures trading pair on the ZebPay Platform during the Offer Period;
3. Participant closes the relevant Futures position(s) during the Offer Period and incurs a realized loss on such closed Futures position(s);
4. Participant’s account with ZebPay remains active till the end of the Offer Period.

B. Notwithstanding the foregoing, and for avoidance of any doubt, ZebPay reserves the right, at its sole discretion, to approve or reject any Participants from the Offer.

D. For the avoidance of any doubt, it is clarified that a Participant shall not be eligible to avail the Offer and receive a Reward (as defined below) unless and until that Participant’s eligibility and compliance with these T&Cs has been fulfilled and verified.

4. Rewards:

The first 100 (one hundred) eligible Participants who incur a realized loss while trading in INR and/or USDT Futures trading pairs on the ZebPay Platform during the Offer Period shall receive a rebate equivalent to the realized loss amount, subject to a maximum cumulative rebate of INR 500/- (Rupees Five Hundred only) per Participant during the Offer Period (“Reward“).

For instance, if a Participant incurs a realized loss of INR 200/- on an eligible Futures trade, the Participant shall receive a rebate of INR 200/-. Similarly, if a Participant incurs realized losses across multiple eligible Futures trades during the Offer Period, the rebate amount shall be aggregated across such trades, subject to a maximum cumulative cap of INR 500/- per Participant. In the event the cumulative realized losses exceed INR 500/-, the maximum rebate payable under this Offer shall remain capped at INR 500/-.

Only realized losses from closed positions in INR and/or USDT Futures trading pairs during the Offer Period shall be considered for the Reward. Unrealized profit and loss and open Futures positions shall not be considered for the purposes of this Offer.

Profit-making trades shall not reduce, offset, or otherwise impact eligibility for rebates on separate loss-making trades. Participants shall retain any profits earned from profitable trades.

The determination of eligible Participants, realized losses, eligibility for the Reward, and identification of the first 100 (one hundred) eligible Participants shall be made solely by ZebPay based on its internal records, and such determination shall be final and binding.

The Reward shall be credited to the eligible Participant’s ZebPay wallet within 60 days from the end of the Offer Period.

ZebPay shall not be held liable for any delay, failure, or omission in crediting or applying the Reward in cases where such failure is attributable to system outages, technical errors, internet disruptions, force majeure events, or any other circumstances beyond ZebPay’s reasonable control. In such cases, the Participant shall not be entitled to separately or retrospectively claim the Reward.

The Rewards are non-transferable, non-negotiable and final. ZebPay reserves the right to change or substitute the Reward in any manner and /or at any time, in any manner of its choosing and reserves the right to withhold the Reward, at its sole discretion, and shall not be liable to any party/person in any manner whatsoever regarding the same. The distribution of Reward shall be governed by ZebPay Policies.

Every Participant hereby grants ZebPay and/or any of its third-party vendors the right to communicate with such Participant by email / phone / messenger and/or other means of communications in relation to participating in the Offer, in compliance with applicable laws.

5. Release; No Warranties:

1. Each Participant hereby releases and discharges ZebPay from any and all claims, damages, losses (whether perceived or actual) and/or cause of action, known or unknown, arising from or relating to the Rewards and/or their participation in the Offer.
2. ZebPay does not provide any warranties of any kind to the Participant with respect to the Offer and the Rewards therein. ZebPay hereby disclaims any and all representations and warranties, including any implied warranty of merchantability, fitness for a particular purpose and non-infringement in relation to the Offer and the Rewards.

6. Disqualification:

1. ZebPay reserves the right to disqualify any Participant at any time on the grounds of unfair trading practices, creating manipulations in the systems, including but not limited to distorting reported trade volumes by collusion or any other unfair means, disseminating false information, as well as any breach of any these T&C and/or breach of any terms of the ZebPay Policies (as determined at ZebPay’s sole discretion).
2. Notwithstanding anything to the contrary contained herein, ZebPay reserves the right at its sole discretion to disqualify or disallow any Participants or to disregard any trades or transactions by a Participant (a) is done in any manner for the purpose of feeding false or misleading information to the market; or (b) is done in any manner that has the effect of wrongfully denying legitimate Participants the Rewards of the Offer; (c) is executed through a restricted account.
3. Any Participant who during the Term: (i) attempts to cancel or cancels an existing Client Asset Account and attempts to create or creates a new Client Asset Account, or (ii) attempts to create or creates one or more additional Client Asset Accounts, or (iii) attempts to register or registers for the Offer using multiple/different email addresses, by any other means or any other methods will be disqualified.
4. ZebPay’s decision in these regards shall be final and binding, and by participating in the Offer, all Participants expressly understand and agree with ZebPay’s rights as specified above.

7. Promotional events: The Participant acknowledges that the Offer is only an event for promoting trading on ZebPay Platform, including the ZebPay app, and participating in the Offer is completely voluntary. The Offer is only a promotional event and does not constitute an offer from ZebPay. Participating in the Offer does not confer any rights or privileges, whether contractual or otherwise, on the Participant. It is clarified that participating in the Offer by a Participant does not constitute an acceptance, nor in any way does participating in the Offer constitute a legally binding contract. ZebPay at its sole discretion reserves the full right to withdraw and/or alter any of these T&C at any time, with or without prior notice.

8. Taxes: The Reward contemplated hereunder shall be inclusive of any and all taxes, and may be subjected to tax deduction at source as applicable. ZebPay shall not be responsible for any tax liability on the Participant that may be imposed on the Rewards to winners under applicable law. The Participant shall bear all responsibility for payments of all taxes towards such Participant’s Rewards. ZebPay in no manner shall provide any tax guidance or advice on this matter to any Participant and the Participants may engage independent consultants/advisors to seek any advice in this regard in their sole discretion.

9. Dispute: In the event of any dispute regarding these T&C, rules, conduct, results and all other matters relating to the Offer, the decision of ZebPay shall be final and binding.

10. Force Majeure: ZebPay shall not be responsible for system outages, delays, errors or data loss of any kind, lost or unavailable connections, or other technological difficulties or any other force majeure event that may prevent a Participant from participating in the Offer.

11. Disclaimer:

a) Trading in cryptographic/virtual digital assets is subject to market, technical and legal risks. Prices of cryptographic/virtual digital assets on the ZebPay Platform may differ from other exchanges due to local demand and supply. Please note that ZebPay does not regulate the prices of cryptographic/virtual digital assets. ZebPay doesn’t guarantee any returns or profits by trading in cryptographic/virtual digital assets. Participants shall use ZebPay’s services to participate in the Offer or to trade in the crypto/cryptographic/virtual digital assets at their own risk and discretion.

b) Notwithstanding anything contrary contained herein, ZebPay reserves the right to amend the T&Cs of the Offer at any point of time without serving any notice whatsoever to anyone.

c) To the extent not prohibited by applicable law, ZebPay shall have no liability whatsoever to the Participants and/or any third party, whether for breach or in tort. Notwithstanding the foregoing, ZebPay shall not be liable to the Participants and/or any third parties for any indirect, punitive, special, incidental or consequential damage in connection with or arising out of the Offer, however it arises, whether for breach or in tort, even if the Participant and/or third party has been previously advised of the possibility of such damages.