Terms and Conditions - Brokerage Waiver

Effective Date: 1st December, 2025

By utilizing the Lemonn Brokerage Waiver Plan (the “Plan”), You agree to these Terms and Conditions. This document is an electronic record under the Information Technology Act, 2000 and does not need any physical or electronic signatures. The Plan is subject to Terms of Use and Privacy Policy of NU and terms defined therein apply.

INTRODUCTION TO THE BROKERAGE WAIVER PLAN

1.1. What is this Plan: If you are a new user of the Lemonn Platform you get access to a brokerage waiver of up to INR 10,000/- (Rupees Ten Thousand) under the Plan. This Plan is accessible only on the latest version of the Lemonn Mobile app (Android app version 7.1.54 , iOS app version 7.1.55 , or later). If you are an existing user of the Lemonn Platform (Android App version 7.1.33 (2), iOS app version 7.1.3) having brokerage waiver then you will be eligible only for Slab 3 as per the previous plan.

1.2. Who is eligible for this Plan: You are eligible only if you are a new user of the Lemonn Platform. Please note that eligibility is always at the sole discretion of NU.

1.3. Where is this Plan applicable: This plan is applicable only for Cash and Futures & Options segments against orders placed on the Lemonn Platform. It is not applicable on any other product/service offered on the Lemonn Platform. It cannot be used for any purpose other than brokerage waiver as specified herein.

1.4 Where can I see my Benefits: You will see your Brokerage Waiver amount in your Lemonn Account Wallet. Please note that this depiction of the Waiver is only a creative way of showing your benefit. The amount mentioned under the Brokerage Waiver section is not currency in any form. This amount is also not the issuance of a PPI or any other tradable instrument. This Plan will expire on March 31, 2026. . Any amount, shown as brokerage Waiver in your wallet, after this date will be forfeited.

1.5 How much waiver do I get per order (For New Users): The brokerage Waiver slabs are as follows:

(i) Slab 1: For the minimum of 25 orders, the user will get 100% of the brokerage waiver upto INR 20 per order. The 100% Brokerage Waiver is capped at INR 500.

(ii) Slab 2: For the minimum of next 450 orders, the user will get 50% of the brokerage waiver upto INR 10 per order. The 50% Brokerage Waiver is capped at INR 4,500.

(iii) Slab 3: For the minimum of next 1250 orders , the user will get 20% of the brokerage waiver upto INR 4 per order. The 20% Brokerage Waiver is capped at INR 5,000.

Example of application of Brokerage Waiver, assuming 10,000 brokerage waiver is shown in your Lemonn wallet:

1. Slab 1: Brokerage waiver is calculated at 100% (Upto INR 20) of the Brokerage Fee (Until 500 brokerage waiver is exhausted)

Original Brokerage charged = INR 20

Brokerage Waiver at 100% = INR 20

Brokerage applicable = 0

2. Slab 2: Brokerage waiver is calculated at 50% (Upto INR 10) of the Brokerage Fee (Until the next 4,500 brokerage waiver is exhausted)

Original Brokerage charged = INR 20

Brokerage Waiver at 50% = INR 10

Brokerage applicable = INR 10

3. Slab 3: Brokerage waiver is calculated at 20% (Upto INR 4) of the Brokerage Fee (Until the next 5,000 brokerage waiver is exhausted)

Original Brokerage charged = INR. 20

Brokerage Waiver at 20% = INR 4

Brokerage applicable = INR 16

1.6 How much waiver do I get per order (For Existing Users):

(i) 20% of the brokerage amount as per your current brokerage plan, or

(ii) INR 4.

The right to use the Brokerage Waiver is subject to the discretion of NU. NU reserves the right to disqualify you from utilizing Brokerage Waiver as it may deem fit. NU reserves the right to change or remove the brokerage waiver for an order at any time without prior notice.

Other Terms:

2.1 NU reserves the right to change the value, eligibility, amounts or any other aspect of the Plan. NU may, at its sole discretion, terminate the Plan immediately without any prior notice.

2.2. In case of any dispute, the decision taken by NU shall be final.

2.3. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to open an account or trade or invest with NU. NU and its affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

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