TERMS AND CONDITIONS
1. Channel Partner Exclusivity & Conduct
1.1 Exclusivity
• Channel Partners shall exclusively represent and promote Senemi’s financing solutions and shall not simultaneously engage or partner with any other competing or rival company/entity offering similar financial or funding services.
1.2 Non-Disparagement & Ethical Conduct
• Channel Partners must refrain from making any statements or taking any actions that could harm or misrepresent Senemi or its products, services, or reputation.
• Disseminating false, misleading, or unverified information about Senemi or its financing plans is strictly prohibited.
1.3 Consequences of Violation
• If a Channel Partner is found engaging in illegal, unethical, or unauthorized practices, Senemi reserves the right to:
a) Immediately cease payment of any incentives, including but not limited to Team Fund/income, Travel Fund/income, Car Fund/income, Bike Fund/income, and House Fund/income.
b) Terminate the financing agreement(s) with such Channel Partner and return only the remaining Principal Amount already financed by them.
c) Blacklist the Channel Partner. Once blacklisted, the Channel Partner shall not be eligible to work with Senemi in the future.
2. Acknowledgment of Funds & Anti-Money Laundering (AML) Compliance
2.1 Legitimacy of Funds
• The Financier/Provider hereby affirms that the funds being provided to Senemi are from legitimate, lawful sources. In the event the Financier/Provider has obtained these funds through debt, gift, or any other manner, the Financier/Provider must be able to adequately account for the source and legitimacy of such funds.
2.2 Prohibition Against Illicit Financing
• The Financier/Provider expressly confirms that the funds are not:
a) Proceeds of any illegal activity, including but not limited to money laundering, terror financing, narcotics trade, or tax evasion.
b) Derived from any source or channel that cannot be substantiated with documentary or legal evidence.
2.3 Obligation to Provide Information
• Senemi reserves the right to request additional documentation or proof regarding the source of funds. The Financier/Provider agrees to provide any such documentation promptly and accurately for compliance or auditing purposes.
2.4 Financier/Provider Liability
• In the event of any investigation by regulatory or legal authorities, the Financier/Provider shall be solely responsible for clarifying and proving the lawful source of funds. Senemi shall bear no liability for any lapses or illegalities concerning the Financier’s/Provider’s source of funding.
2.5 Right to Decline or Terminate
• If Senemi suspects or confirms that the funds are of questionable origin, it reserves the right to:
a) Decline the financing arrangement.
b) Terminate an existing financing agreement, return the principal (if permissible by law), and take any other action as required under applicable statutes or regulations.
3. Execution & Acceptance via OTP
3.1 Electronic Agreement
• The Financier/Provider agrees that upon submission and acceptance of the One-Time Password (OTP) provided by Senemi, the Financing Agreement and these Terms and Conditions shall be deemed validly executed.
3.2 Binding Consent
• The Financier/Provider’s entry of the OTP shall constitute affirmative acceptance and consent to be legally bound by the terms, covenants, and conditions of the Financing Agreement and these Terms and Conditions.
4. Termination of Agreement
4.1 Early Termination by Provider
• As outlined in the Financing Agreement, the Provider may terminate early by notifying Senemi in writing. Upon receipt, Senemi shall return the outstanding Principal Amount after deducting the portion already repaid. No further interest shall be payable from the date of termination request.
4.2 Breach by Financier/Provider
• If the Financier/Provider breaches any clause in these Terms and Conditions or the main Financing Agreement, including any AML concerns or exclusivity violations, Senemi reserves the right to terminate the agreement immediately. No penalty or liability shall attach to Senemi for such termination.
4.3 Survival of Certain Clauses
• Notwithstanding the termination of the Financing Agreement, provisions concerning confidentiality, dispute resolution, non- disparagement, and AML compliance shall survive and remain binding in perpetuity or to the extent permitted by law.
5. Confidentiality & Non-Disclosure
5.1 Protection of Proprietary Information
• The Financier/Provider and Channel Partners shall maintain the confidentiality of all proprietary or sensitive information received from Senemi, including but not limited to business strategies, trade secrets, financial arrangements, or client lists.
5.2 Use of Information
• The Financier/Provider and Channel Partners may use Senemi’s proprietary or confidential information solely for the purpose of fulfilling obligations under the Financing Agreement. Any misuse or unauthorized dissemination of such information shall be grounds for immediate termination and potential legal action.
6. Indemnification
6.1 Financier/Provider’s Indemnity
• The Financier/Provider agrees to indemnify and hold harmless Senemi, its affiliates, directors, officers, and employees from any and all claims, liabilities, damages, or costs (including legal fees) arising from:
a) Breach of these Terms and Conditions.
b) Breach of the Financing Agreement.
c) Any legal or regulatory scrutiny into the source of the Provider’s funds.
7. Dispute Resolution & Arbitration
7.1 Amicable Resolution
• All disputes or grievances arising under or in connection with these Terms and Conditions shall be first attempted to be resolved amicably, as provided under the Financing Agreement.
7.2 Arbitration Proceedings
• Should the dispute remain unresolved, it shall be referred to a Sole Arbitrator appointed by Senemi, in accordance with the Arbitration and Conciliation Act, 1996, with the seat of arbitration being in Delhi, India.
7.3 Costs of Arbitration
• The cost of arbitration shall be borne equally by both parties, unless otherwise awarded by the Arbitrator.
8. Governing Law
8.1 Jurisdiction
• These Terms and Conditions and the Financing Agreement shall be governed by and construed in accordance with the laws of India. Any litigation arising hereunder shall be subject to the exclusive jurisdiction of the courts in Delhi, India.
9. Entire Agreement
9.1 Complete Understanding
• These Terms and Conditions supplement the Financing Agreement. Together, they constitute the entire understanding between the parties and supersede all prior discussions, representations, or agreements related to the subject matter herein.
9.2 Severability
• If any provision of these Terms and Conditions is held unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.
FINAL ACKNOWLEDGMENT
By providing the One-Time Password (OTP) and proceeding with the Financing Agreement, the Financier/Provider acknowledges that they have read, understood, and agree to the Terms and Conditions stated above. The OTP shall stand as a legally valid form of consent, and these Terms and Conditions shall be enforceable to the fullest extent of applicable law.
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