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Terms and Conditions PROMOTION 5 YEARS PICNIC

Isabela Brasil
Updated

Last updated: April 1, 2026

1. General Information

1.1. The "5 YEARS PICNIC" campaign ("Campaign") is a global promotional initiative offered by DeFiBasket Labs Inc., a company incorporated under the laws of the British Virgin Islands (registration number 2085144) ("Company"), operator of the Picnic platform, aimed at encouraging users to request the Picnic Card and use it to subscribe to eligible paid artificial intelligence tools.

1.2. The Campaign is valid from the date of publication of these Terms for a period of 7 (seven) calendar days, or until the exhaustion of the 100 (one hundred) available promotional codes, whichever occurs first.

1.3. The Company reserves the right to modify, suspend, reduce the number of available codes, or terminate the Campaign at any time, at its sole discretion and without prior notice, without generating any acquired rights, expectations of rights, or obligations for compensation in favor of Participants. The mere use of the promotional code does not guarantee the receipt of the Refund until all requirements of this Clause and Clause 3 are met.

1.4. By participating in the Campaign, the Participant declares that they have read and fully agreed to these Terms and Conditions.

2. Eligibility

2.1. Individuals who meet the following criteria may participate in the Campaign:

  • Have or create an active account on the Picnic platform;

  • Have completed the identity verification process (KYC) required by the platform;

  • Request the Picnic Card using the promotional code “IA” during the Campaign period;

  • Have no restrictions or pending issues on their account;

  • Comply with the general Terms of Use of Picnic.

2.2. Each user may participate in the Campaign only once. Duplicate accounts or accounts created for fraudulent purposes will be automatically disqualified.

2.3. Promotional codes have limited availability of 100 (one hundred) units and will be distributed on a first-come, first-served basis until exhausted.

3. Promotion Mechanics

3.1. To participate in the Campaign, the Participant must follow the following steps, cumulatively:

  • Request the Picnic Card by entering the promotional code "IA" in the designated field during the card order process and be approved in the KYC process to use the card;

  • Make a paid subscription to one of the eligible artificial intelligence services (as per Clause 4) using the Picnic Card, within 30 (thirty) calendar days from the date of the card order.

3.2. Once all requirements set forth in Clause 3.1 are verified and validated by the Company, the Company will credit the Participant with the amount of USDC 20.00 directly to the Picnic Card account as a refund ("Refund"). The credit is conditioned upon the Participant's account being active, without blocks or pending issues, at the time of processing. The Company is the sole and final authority to determine compliance with the requirements of this Campaign.

3.3. The Refund will be processed within 15 (fifteen) business days from the confirmation of eligibility by the platform's system. The period is suspended while there is any pending verification, KYC, compliance, or incomplete registration information, restarting after regularization. The Company has no obligation to notify the Participant about pending issues that prevent processing.

3.4. The Refund is characterized as cashback and does not constitute a raffle, lottery, or contest of any kind.

3.5. The identification of the 100 (one hundred) Participants awarded will be strictly defined by the chronological order of use of the promotional code "IA" at the time of the card request (card order), provided that the other requirements set forth herein are met.

4. Eligible AI Services

4.1. For the purposes of this Campaign, eligible paid subscription contracts, on an individual monthly plan, or the renewal of an existing subscription (using the Picnic card as a payment method), for the following services, made within the period specified in Clause 3.1(b):

  • ChatGPT Plus or ChatGPT Pro — OpenAI (only paid individual monthly plans; business, educational, or bundle plans are not eligible)

  • Claude Pro or Claude Max — Anthropic (only paid individual monthly plans; business, educational, or bundle plans are not eligible)

4.2. Only the first paid subscription to one of the above services, made within the period specified in Clause 3.1(b), will be considered for the Refund.

4.3. The following are not eligible for the Refund: free plans or trial periods; subscriptions contracted outside the period of Clause 3.1(b); subscriptions whose payment was processed through means other than the Picnic Card; and subscriptions that were refunded, canceled, or reversed for any reason after contracting.

4.4. The Company is not responsible for any failure, unavailability, or price changes of the AI services listed in this clause, which are third-party services not controlled by the Company.

5. Refund Amount and Conditions

5.1. The Refund corresponds to the lesser amount between: (a) USDC 20.00; and (b) the amount actually charged and settled for the eligible subscription. If the subscription amount exceeds USDC 20.00, the excess will not be covered by the Campaign and will not generate any additional obligation for the Company. The Refund is granted per Participant, regardless of the number of subscriptions made.

5.2. The Refund is not cumulative: each Participant may receive the benefit only once, even if they subscribe to more than one eligible service.

6. Loss of Benefit and Disqualification

6.1. The Company reserves the right to revoke the Refund at any time and without prior notice if it identifies:

  • Violation of any clause of these Terms and Conditions;

  • Unauthorized use of the promotional code, in a third-party account, or through collusion between users;

  • Creation of multiple accounts or use of false data to improperly obtain the benefit;

  • Use of automated means, emulators, among others to bypass restrictions or automation scripts;

  • Suspicious activity of fraud, money laundering, or any other unlawful conduct;

  • Chargeback of the AI subscription charge that generated the Refund.

  • Any type of fraud against the system or the objectives of the Campaign, at the sole discretion of the Company.

6.2. In the event of revocation, the credited amount may be reversed from the Participant's account. The notified Participant may contact support for clarification via email at oi@usepicnic.com.

7. Responsibilities

7.1. The Company is not responsible, under any circumstances, for:

  • Technical failures in the systems of eligible AI services that prevent the charging or processing of the subscription;

  • Exchange rate fluctuations between the date of subscription and the date of Refund credit;

  • Failures in providing the promotional code due to Participant error;

  • Delays caused by pending compliance or KYC verification processes.

  • Refusal, blocking, or unavailability of the Picnic Card for the purpose of processing the subscription, including delays in card activation after the card order;

  • Refusal or rejection of the transaction by eligible AI services, payment networks, or the infrastructure for issuing the Picnic Card;

  • Indirect damages, lost profits, loss of opportunity, or moral damages resulting from the non-granting, delay, or revocation of the Refund.

7.2. The Participant is solely responsible for:

  • Verifying the eligibility of the contracted subscription before making it;

  • Declaring and paying any taxes that may be due on the Refund received, according to the tax legislation applicable in their jurisdiction;

  • Keeping their registration data updated on the platform.

7.3. In any case, the Company's total liability to the Participant arising from this Campaign is limited to a maximum amount of USDC 20.00 per Participant. The Company is not liable for any amount beyond this limit, for any reason.

8. Privacy and Data Processing

8.1. Participation in the Campaign implies the processing of the Participant's personal data by the Company strictly for the purposes of verifying eligibility, processing the Refund, and preventing fraud, based on the legitimate interest of the Company and the fulfillment of contractual obligations.

8.2. Data processing will comply with Picnic's Privacy Policy, available on the platform, and applicable data protection laws.

9. General Provisions

9.1. This Campaign is a global initiative and is not restricted to any specific jurisdiction or country.

9.2. This Campaign constitutes a voluntary commercial performance reward program conditioned on the fulfillment of objective requirements, without any random element, raffle, or free prize distribution, not qualifying as a commercial promotion subject to prior government authorization of any kind. The Refund is a conditional contractual benefit, not a gratuitous advantage, and does not generate an autonomous consumer relationship distinct from the Terms of Use of Picnic.

9.3. These Terms and Conditions are governed exclusively by the laws of the British Virgin Islands. By accepting these Terms, the Participant expressly waives any other jurisdiction that may be competent due to their domicile or nationality, electing the jurisdiction of the British Virgin Islands as the only competent forum to resolve any disputes arising from this Campaign.

9.4. The Company's tolerance regarding any non-compliance with these Terms does not constitute a waiver of rights.

9.5. Any questions or disputes should be directed first to Picnic support, via email at oi@usepicnic.com. For formal extrajudicial notifications: legal@usepicnic.com.

9.6. By participating in the Campaign, the Participant declares that they are aware of and agree to all the terms above.

DeFiBasket Labs Inc.

BVI Company No. 2085144

legal@usepicnic.com

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