Section 5

Investor Disclaimer

Read before using investor features. Chitram is discovery and introduction only.

Important: please read before using investor features.

Chitram provides project discovery and communication tools.

Chitram's current investor functionality is intended to facilitate non-binding expressions of interest and introductions.

Not an Offer of Securities

Project information displayed publicly on Chitram is not intended by Chitram to constitute:

  • a prospectus;
  • private-placement offer letter;
  • securities advertisement;
  • investment memorandum;
  • offer to the public;
  • invitation to subscribe to securities; or
  • regulated investment recommendation.

Chitram Does Not Provide Investment Advice

Nothing on Chitram should be treated as:

  • legal advice;
  • investment advice;
  • tax advice;
  • accounting advice;
  • valuation advice;
  • due diligence; or
  • recommendation to invest.

Film Investments Are High Risk

Film projects can lose all invested capital.

Risks include:

  • production delays;
  • production cancellation;
  • budget overruns;
  • cast changes;
  • financing failure;
  • distribution failure;
  • theatrical underperformance;
  • streaming acquisition uncertainty;
  • litigation;
  • intellectual-property disputes;
  • regulatory delays;
  • piracy;
  • force majeure;
  • market changes; and
  • complete loss of investment.

Film interests may also be illiquid.

There may be no market through which an investor can sell or exit.

Investor Interest Is Non-Binding

Clicking "Express Interest" does not:

  • invest funds;
  • reserve securities;
  • create a contract;
  • guarantee allocation;
  • constitute an investment commitment; or
  • create rights in a film.

Verification Is Limited

Identity or investor verification means only that Chitram performed the specific checks stated by the Platform.

It does not mean:

  • SEBI approval;
  • regulatory accreditation;
  • suitability certification;
  • proof of wealth;
  • recommendation;
  • financial sophistication; or
  • assurance that the investor will perform.

Project Verification Is Not Investment Due Diligence

A verified project or creator badge does not certify:

  • profitability;
  • project value;
  • legal ownership;
  • title chain;
  • budget accuracy;
  • revenue forecasts;
  • distribution prospects; or
  • investment suitability.

Independent Due Diligence Required

Before entering any transaction, obtain independent professional advice and review, where relevant:

  • corporate structure;
  • chain of title;
  • screenplay rights;
  • project budget;
  • financial model;
  • production contracts;
  • bank statements;
  • existing liabilities;
  • producer history;
  • distribution arrangements;
  • tax consequences;
  • securities compliance;
  • foreign investment restrictions;
  • recoupment waterfall;
  • revenue definitions;
  • audit rights;
  • dilution;
  • exit rights; and
  • dispute remedies.

Transactions Outside Chitram

Unless Chitram launches a separately authorised regulated service with separate terms, actual investment agreements and transfer of investment capital must occur directly between the relevant parties through legally compliant processes.

Chitram should not be named as a party to such investment unless Chitram expressly enters the relevant written agreement.

No Guaranteed Returns

Any project or user claiming guaranteed, fixed, assured or risk-free film-investment returns should be treated with caution and reported to Chitram.