Terms and Conditions - Diametor

This document contains formal Terms and Conditions for Diametor, specifically structured to comply with the Information Technology Act, 2000 and the Consumer Protection (E-Commerce) Rules, 2020 of India.

Effective Date: April 15, 2026 Last Updated: April 15, 2026

These Terms and Conditions ("Terms") govern the access or use by you, an individual or entity, from within any country in the world of applications, websites, content, products, and services (the "Services") made available by Diametor (hereinafter referred to as "The Company") under Vendbout Private Limited.

PLEASE READ THESE TERMS CAREFULLY BEFORE ACCESSING OR USING THE SERVICES.

Your access and use of the Services constitute your agreement to be bound by these Terms, which establishes a contractual relationship between you and The Company. If you do not agree to these Terms, you may not access or use the Services.

Diametor provides a technology-driven Multilateral Set-off and Clearing Cycle.

• Not a Financial Institution: Diametor is an information intermediary. It is not a Bank, Non-Banking Financial Company (NBFC), or a Money Transmitter.
• The Service: The Company uses proprietary algorithms to identify circular debt obligations among users and facilitates the simultaneous discharge of these obligations through the "Inter-connected or Intra-connected Cycles "
• The Units: Any units purchased by a user are held as "Spark Liquidity" to facilitate fractional settlements and are governed by the specific rules set on algorithms automatically and manually audited by internal engineering team of the diametor.

You must be at least 18 years of age and capable of forming a binding contract under the Indian Contract Act, 1872.

A transaction is only deemed "Locked" for clearing upon a dual-party "Handshake." Users represent and warrant that all debt/credit data entered is legitimate, non-disputed, and legally enforceable. Providing fraudulent data is a violation of the Indian Penal Code (IPC) and will result in immediate termination.

• Success-Based Fee: Diametor charges a 10% Service Fee on the total volume of debt successfully cleared.
• Originator Rewards: Users who onboard verified debt cycles are entitled to a 5% Originator Reward, calculated from the Company's service fee.
• Taxes: All fees are exclusive of GST (currently 18%) or any other applicable local taxes, which shall be the sole responsibility of the user.

In accordance with the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, Diametor maintains high-level encryption for all personal and financial identifiers.

Users agree to comply with the Prevention of Money Laundering Act, 2002. Diametor reserves the right to report suspicious high-value settlement cycles to the Financial Intelligence Unit (FIU-IND).

While Diametor facilitates global "flow," users interacting with parties in USA, Dubai (UAE), UK, or Australia must ensure compliance with their respective local laws (e.g., the UK Bribery Act or the UAE Decretal Federal Law No. (20) of 2018).

Any settlement involving a non-resident Indian (NRI) or a foreign entity must comply with the Foreign Exchange Management Act (FEMA), 1999. Diametor is not responsible for the user’s failure to report cross-border credit settlements to the Reserve Bank of India (RBI).

For users in the EU/UK, Diametor adheres to GDPR principles. By using the service, you consent to the transfer of data to our primary servers in India, protected by industry-standard security protocols.

7.1 Service Availability: Diametor provides the service "as is" and "as available." The Company does not guarantee that the AI will find a settlement cycle for every user within the chosen tenure.

7.2 Absolute Liability Cap: In the event of any dispute, claim, or legal action arising from the use of the Services—whether against Diametor, its partners, stakeholders, employees, or its parent company—the total aggregate liability shall be strictly limited to the amount of units (monetary value) actually purchased and committed by the user for the specific current cycle in dispute.

7.3 No Further Liability: Under no circumstances, including but not limited to negligence, system failure, or regulatory shifts, shall the Company or its affiliates be liable for any amount exceeding the aforementioned units. The Company shall not be liable for any amount more than the units purchased by user in any circumstances, including lost profits, emotional distress, or consequential damages.

DIAMETOR PROVIDES THE SERVICE "AS IS" AND "AS AVAILABLE."

In no event shall The Company be liable for:

1. Failure of a third party to honor a "Handshake."
2. Indirect, incidental, or consequential damages related to the "Tenure" chosen by the user.
3. Regulatory changes by the RBI or other international bodies that may affect the Diametor App/Website

These Terms shall be exclusively governed by and construed in accordance with the laws of India.

Any dispute arising out of or in connection with these Terms shall be referred to and finally resolved by arbitration in Thrissur or Ernakulam, Kerala, in accordance with the Arbitration and Conciliation Act, 1996. The language of the arbitration shall be English.

The Company reserves the right to suspend any account involved in "wash-trading" (creating fake debt loops to harvest Originator rewards) or any activity deemed detrimental to the diametor app .

For grievances or legal inquiries, please contact our Grievance Officer at: Email: support@diametor.com

BY CLICKING "I AGREE" OR BY USING THE DIAMETOR APP, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS.