STANDARD PARTNER TERMS

Butter Money appoints the Partner as a non-exclusive Partner to refer, and where applicable facilitate, HL and LAP cases from prospective Borrowers across India. The Partner's type (Marketing Partner, Channel Partner, or SUB-DSA Partner) is specified in the Partner's Letter Agreement and determines the obligations and Payout applicable to each case.

The Partner's Payout tier follows the Partner type specified in the Letter Agreement. The applicable percentage is set out in Schedule A of the Partner's Letter Agreement.

The Partner may work with other lenders, aggregators, or financial institutions simultaneously. Any case sourced using Butter Money's leads, technology, Lending Partner introductions, or partner portal shall be processed exclusively through Butter Money for the duration of that case as per the agreement.

This Agreement covers HL and LAP across India. Additional products may be added by written addendum.

A Marketing Partner shall:

• Submit leads with agreed upon attribution conditions. Only leads attributed to the agreed source qualify for Payout.
• Ensure each lead includes a valid name and contact number. Spam, duplicate, or out-of-target-group leads are not eligible for Payout.
• Not guarantee loan approval, interest rates, or processing outcomes to prospective Borrowers.
• Not collect any fee, charge, or payment from a Borrower at any stage.
• Comply with applicable advertising, data protection, and telemarketing laws, including DPDP Act 2023 and TRAI regulations.

A Lead Generation Partner shall:

• Submit Valid Leads through Butter Money's designated portal or channel with accurate and complete information.
• Not make any representation guaranteeing loan approval, specific interest rates, or processing timelines.
• Not collect any fee, charge, or payment from the Borrower at any stage.
• Not engage in any misleading, coercive, or unfair practice towards Borrowers.

A Lead Gen + Fulfilment Partner shall, in addition to the obligations in Clause 3.2:

• Collect complete KYC, income, and property documents from the Borrower as required by the applicable Lending Partner.
• Manage bank-side follow-ups, query responses, and file tracking through to disbursal.
• Keep the Borrower informed of their application status.
• Submit accurate and complete documentation and not suppress or misrepresent any material information.

All Partners shall:

• Identify themselves accurately to prospective Borrowers as a Channel Partner for Butter Money (Hanoch Financial Technologies Private Limited).
• Comply with RBI's guidelines on DSAs and Channel Partners, the DPDP Act 2023, the PMLA 2002, and applicable consumer protection laws.
• Not contact any individual on the NDNC or DND Registry.
• Maintain all licences and registrations required to carry on business.
• Use Borrower data solely for processing cases under this Agreement. Not transfer, sell, or share Borrower data with any third party without Butter Money's prior written consent.
• Implement reasonable safeguards against unauthorised access to Borrower data and notify Butter Money promptly of any actual or suspected data breach.

The Partner shall submit the following prior to activation:

• Individuals: Aadhaar card and PAN card.
• Entities: GST registration certificate, entity PAN, and authorised signatory PAN.
• Activation is subject to satisfactory KYC verification. Butter Money may reject or suspend an onboarding application at its discretion.
• Partners above the GST threshold under the CGST Act 2017 must hold a valid GSTIN and raise GST-compliant invoices. Partners exempt from GST shall provide a written declaration.

The Partner's Payout is a percentage of the Commission received by Butter Money from the Lending Partner on each Disbursed Case, based on the Partner type and monthly volume tier as set out in the Partner's Letter Agreement.

Payout becomes due upon disbursal verification by the Lending Partner's central team. Butter Money shall credit the Payout within 7 business days of receiving that confirmation.

If Butter Money revises the Payout structure, any case already submitted to a Lending Partner at the time of revision is paid under the prior terms. The new terms apply to cases submitted after the revision date.

For under-construction property loans, Commission is received in tranches linked to construction milestones. The Partner's Payout is computed and credited on each tranche as Butter Money receives the corresponding Commission. The Parties may agree in writing to an alternative Payout structure for a specific case before the first tranche disbursal.

TDS is deducted at 2% where the Partner's Aadhaar and PAN are linked, and at 20% where they are not, under the Income Tax Act 1961. GST on Payout is released only after the Partner's liability is confirmed in Butter Money's GSTR-2B.

The Partner shall raise a valid monthly invoice. Payment within 7 business days of disbursal verification or within 45 days of invoice date, whichever is earlier.

Monthly volume is the combined disbursed amount across all Lending Partners within a calendar month, computed separately for HL and LAP. Insurance amounts are excluded. For Marketing Partners, volume includes only cases traceable to the Partner's agreed source identifier.

Where a Lending Partner applies subvention to a case, or where a Borrower benefit or processing fee concession is extended on a case, the corresponding amount is incorporated into the payout computation for that case and reflected in the net Payout credited to the Partner. The Partner is informed of any such adjustment at the time of payout. Custom terms on Borrower benefits, where applicable, are agreed in writing on a case-by-case basis.

Butter Money may recover previously credited Payouts in the following events:

• The Borrower forecloses or executes a balance transfer within the Lending Partner's lock-in period, resulting in a Commission clawback to Butter Money.
• The Borrower defaults within 90 days of disbursal.
• The Lending Partner reverses Commission for any reason attributable to misrepresentation or incomplete documentation by the Partner.

Clawback amounts are recovered from future Payouts within the Lending Partner's recovery timeline. Butter Money will notify the Partner in writing before any deduction. If future Payouts are insufficient, Butter Money may invoice the Partner directly, payable within 15 business days.

Payout is contingent on Butter Money receiving the corresponding Commission from the Lending Partner. If a lender delays, withholds, or reverses Commission for reasons not attributable to the Partner, Payout for that case is deferred until Commission is received. If Payout has already been credited before a lender reversal, Butter Money may recover it under Clause 6.9.

Bank-wise per-case INR caps, where applicable, follow each Lending Partner's published rules and may modify the absolute Payout amount.

The Partner may raise a payout dispute within 30 days of the Payout credit date by written notice. Butter Money will resolve bona fide disputes within 15 business days. Confirmed errors are reconciled in the next payout cycle. The right to raise a payout dispute survives termination for 90 days. All other claims survive for the applicable limitation period under Indian law.

The Partner represents and warrants that it is duly authorised to enter this Agreement, holds all required licences, and will not engage in fraudulent, misleading, or coercive conduct. All leads and documentation provided are genuine and obtained with the Borrower's knowledge and consent.

Butter Money represents and warrants that it is duly incorporated under the Companies Act 2013, has the authority and lender relationships to provide the services in this Agreement, and shall comply with applicable laws including RBI guidelines and the DPDP Act.

The Partner shall indemnify Butter Money and its officers from any claims, losses, or regulatory action arising from: (a) misrepresentation to a Borrower or Lending Partner; (b) any fee collected from a Borrower; (c) breach of applicable law; or (d) Fraud or wilful misconduct.

Neither Party shall be liable for indirect or consequential damages. Butter Money's aggregate liability shall not exceed total Payouts credited in the three months preceding the event.

This Agreement comes into force on the Effective Date and remains in effect for one year, auto-renewing annually unless either Party gives 30 days' written notice of non-renewal.

Either Party may terminate without cause on 60 days' written notice. Accrued obligations continue to apply.

Butter Money may terminate immediately upon: Fraud; collection of any fee from a Borrower; material breach of RBI guidelines; a data breach caused by the Partner; or insolvency of the Partner.

For other breaches, the non-breaching Party gives written notice. The breaching Party has 15 days to remedy. If not remedied, the non-breaching Party may terminate with 30 days' written notice.

Payouts on cases disbursed before termination are paid under this Agreement, subject to clawback. No Payout is due on pipeline cases not disbursed by the termination date. Upon termination, the Partner ceases use of Butter Money's branding, deletes Borrower data, and certifies compliance within 7 days.

These Terms and the Partner's Letter Agreement constitute the entire agreement and supersede all prior discussions.

No amendment is valid unless in writing and signed by both Parties. Butter Money may revise these Standard Terms with 30 days' prior notice to active Partners.

Neither Party may assign rights or obligations without the other's prior written consent.

Failure to enforce any provision is not a waiver of the right to enforce it later.

If any provision is invalid, the remainder continues in full force.

All notices in writing by registered post, courier, or email with read receipt to [email protected]. Address changes notified within 3 business days.