This Lease Agreement is made and executed on this day of Bangalore, between

Transcription

1 LEASE AGREEMENT This Lease Agreement is made and executed on this day of Bangalore, between

2 Yellow Express Logistics Ltd & Name of Vehicle Owner/Customer Yellow Express Logistics Limited, a public limited company incorporated under the Companies Act 2013, having corporate identification number as U60200KA2018PLC and having its registered office at # 6, 1/1, 1st, 2nd & 3rd Floors, 11th Main Road, 1st Stage, Gokula, Yeshwantpur, Bangalore and Administrative Office at # 6162, Yellow Avenue, Jakkasandra Road, Nelamangala, Bangalore, Bangalore Rural, Karnataka ( hereinafter referred to as the ) which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns of the First Part, represented herein by Founders; AND /Customer hereinafter referred to as which expression shall unless it be repugnant to the context or meaning thereof, be deemed to mean and include his successors, heirs and permitted assigns of the Second Part;

3 LEASE AGREEMENT DOWN PAYMENT SCHEME NAME OF REGISTERED OWNER : ADDRESS IN AADHAAR : PIN CODE : ADDRESS FOR COMMUNICATION : PIN CODE : MALE / FEMALE : TYPE OF CUSTOMER : TYPE OF COMBO CUSTOMER : REFERAL COMBO CUSTOMER NAME & ADDRESS : SCHEME OF PURCHASE : BUY BACK AMOUNT : PERSONAL ACCOUNT NUMBER : IFSC CODE : BANK NAME : TYPE OF ACCOUNT : AADHAAR NUMBER : PAN NUMBER : VEHICLE LOAN PERIOD : LEASE PERIOD : MOBILE NUMBER 1 : MOBILE NUMBER 2 : WHATSAPP NUMBER : ID : AMOUNT PAID : MODE OF PAYMENT : OTHER PAYMENT DETAILS DATE OF DOWN PAYMENT : DATE OF FIRST MONTHLY PAYMENT : AMOUNT OF MONTHLY PAYMENT : TAX DEDUCTIONS :

4 SEDAN / HATCHBACK : EX SHOW ROOM PRICE : ON ROAD PRICE : CUBIC CAPACITY OF VEHICLE : VEHICLE CUSTOMIZATION DETAILS : FIRST YEAR INSURANCE AMOUNT : YEARLY ROAD TAX : INSURANCE COMPANY : CASH LESS FACILITY : LEASE STARTING DATE : LEASE ENDING DATE : TEAM LEADER NAME : CODE NO : TEAM MANAGER NAME : CODE NO : BUSINESS PROMOTER : CODE NO : DIGITAL EXECUTIVE : CODE NO : TOTAL NUMBER OF VEHICLES BOOKED NOW - COMBO : SINGLE : TOTAL NUMBER OF VEHICLES BOOKED TILL DATE - COMBO : SINGLE : VEHICLE LOAN ARRANGED BY / : NAME OF THE FINANCE COMPANY/ BANK : GUARANTOR FOR THE VEHICLE LOAN : NAME OF NOMINEE : RELATIONSHIP OF NOMINEE : ADDRESS OF NOMINEE : NUMBER OF REFERNCES OR PURCHASE MADE FOR FREE INSURANCE : DETAILS OF REFERENCES IF ANY : YEARLY REFERENCES NEEDED FOR FREE INSURANCE - COMBO : SINGLE : ONE TIME MAINTENANCE COST - DOWN PAYMENT SCHEME CUSTOMER : PROCESSING FEES OF LOAN FOR DOWN PAYMENT CUSTOMER :

5 DETAILS OF THE VEHICLE TO BE LEASED TO BE FILLED AFTER THE VEHICLE IS DELIVERED REGISTRATION NUMBER: DATE OF REGISTRATION : ENGINE NUMBER: CHASSIS NUMBER: NAME & ADDRESS OF RTO OFFICE: VEHICLE FINANCED BY: COLOUR: MONTHLY EMI : LOAN PERIOD: LOAN AMOUNT: DATE OF FIRST EMI : LOAN ACCOUNT NUMBER: IFSC CODE: BANK NAME: TYPE OF ACCOUNT: DATE OF VEHICLE DELIVERY : PLACE OF VEHICLE DELIVERY : ADDRESS OF VEHICLE DELIVERY : POSSESSION CERTIFICATE GIVEN TO : DATE : REGISTERED LEASE AGREEMENT: NOTARISED LEASE AGREEMENT: VEHICLE ATTACHED TO OLA / UBER /DEMO

6 YELLOW EXPRESS LOGISTICS LTD Corporate Office - # 6162, Yellow Avenue, Nelamangala, Bangalore REGISTERED OWNER LEASE AGREEMENT DOWN PAYMENT SCHEME TERMS & CONDITIONS 1. The first party is engaged in the business of taking vehicles for lease from the second party who is the registered owner of the vehicle and attaching the same to the major Online cab operators in India along with fleet operations. 2. The second party has to purchase a new Yellow Express Special Edition Volkswagen sedan car and must be willing for leasing the same to the first party for a period of 4 years.

7 3. The second party will be eligible to get a lease rent of Rs /- every month payable from the 30th day of down payment to the personal account of the second party and Rs /- to the loan account of the second party on the EMI date after all expenses. 4. The second party can become a combo customer by purchasing 2 vehicles at a time by himself or by any person together who is recommended by the second party where he will be eligible to receive the Buy Back amount of Rs. 3 lakhs for each vehicle after the lease period of 4 years instead of Rs.2.50 lakhs as Buy back amount in the case of a single customer. 5. In the case of combo customer there will not be any difference in the down payment amount but the Buy back amount after the lease period will be Rs /- more for each vehicle. 6. In down payment scheme the second party has to pay Rs /- as down payment to the first party and the balance amount will be arranged as loan for the vehicle by the first party who is responsible for the same if proper documents needed for loan is given. 7. The ownership of the vehicle will be vested with the second party only for the entire lease period but the latter has to sell the leased vehicle to the first party after the lease period, at a Buy back amount of Rs lakhs in the case of a single customer and Rs.3 lakhs in the case of a Combo customer. 8. The second party can also purchase the particular vehicle by paying a booking amount of Rs /- to the vehicle dealer and the latter will be providing Proforma invoice showing the price details of the vehicle which will be helpful at the time of arranging loans. 9. If the second party arranges loan by himself and purchases the vehicle, then the loan amount and the balance amount of the on road price of the vehicle after loan has to be paid to the dealer and in such cases the periodical service expenses has to be borne by the second party throughout the lease period.

8 10. In the case of down payment scheme, the second party will not be liable to make any further payments for the vehicle, other than the down payment amount which includes the four year periodical service expenses with entire maintenance cost and processing fees for loans arranged by the first party. 11. When the loan is arranged by the first party, the percentage of loan sanctioned may vary according to the profile of the second party but no further payments has to be made by the latter other than the down payment amount regarding the purchase of the vehicle or otherwise. 12. The second party can also arrange loan for his vehicle by himself from any financial institution of his choice even though he is a down payment customer and in this case the processing fees for loan will be given to the concerned bank by the first party and the total monthly lease rent of Rs /- for the entire lease period will be given to the personal account of the second party. 13. The second party can become the shareholder of the company with a minimum of 5 combo bookings in his own name and not by any reference bookings together where the shareholder will be enjoying all the benefits of a combo customer and also getting redeemable preference shares which clearly states the buy back amount of Rs.3 lakhs also. 14. The On road price of the sedan vehicle will be Rs /- including road tax, insurance, registration expenses, taxi permit, speed governor expenses, Fastag and other extra online customization features for the vehicle like GPS system, live camera, head rest monitors, specially made colour for the customers to identify the vehicles easily, swiping machine, special seat covers and reverse camera. 15 The second party will not be eligible for normal customer discounts and schemes for purchasing the vehicle because the first party is liable to spend more than 2% of the loan amount as processing fees for loans, deficiency in loan sanctioned amount if any, one time maintenance cost, GST, along with other extra online customization features as mentioned in clause 14.

9 16. The first party will be appointing drivers at its own discretion and meeting all expenses like fuel, maintenance, accidental repairs, periodical services, testing, driver responsibility, tyres, battery, periodical oil changes, EMI of the vehicle loan and any other expenses for the entire lease period of 4 years. 17. The legal department of the first party will handle all the hurdles arising out of the unexpected accidents and incidents during the entire course of lease period and the first party will accept the total responsibility of the same including any penalties charged by the concerned government authorities in different situations during the lease period. 18. In the case of accidents, it is the responsibility of the first party to repair the vehicle to the fair condition by using insurance amount and if the insurance amount is not sufficient to meet the expenses, then the first party will be responsible to spend the extra amount needed for repairs. 19. In any circumstances the second party will not be made responsible for any of the activities of the first party in association with the particular leased vehicle and all expenses in any situations which comes more than the amount received from the insurance company or otherwise, will be paid by the first party only. 20. In the case of partial loss due to accidents the amount will be recovered from the bumper to bumper insurance and the balance amount if any needed will be spend by the first party to maintain the vehicle in fair condition and it will not in any way affect the monthly payments to the second party. 21. The second party has to give consent to the first party for handling and clearing all the legal formalities from the concerned government authorities in the case of accidents and other unexpected incidents during the course of entire lease period.

10 22. In case of theft or total loss, the lease agreement will be automatically cancelled and the amount of the vehicle will be recovered from the insurance company and the finance of the vehicle will be closed by using the insurance amount and the balance insurance amount if any will be paid to the second party. 23. In case of theft or total loss, a new vehicle with 80% loan will be replaced without any payment from the second party except insurance amount if proper documents needed for loan is submitted by the second party and a new lease agreement will be done at the time of delivery of the new vehicle. 24. The Yellow Express special edition diesel sedan car will only be displayed with any one of the dealer showrooms in a particular state and the delay in delivery of the vehicle after booking will depend on the time taken for sanctioning the loan by the finance company and the latter will be liable to continue the monthly payments, irrespective of the delay in delivery of vehicle or otherwise. 25. The First party has the discretion to take diesel or petrol variant of vehicle by converting into CNG gas in anticipation of the future government policies regarding pollution or other similar arrangements. 26. There will be a tax deduction for all the monthly payments received by the second party from the first party at applicable government rates with TDS deduction of 2%. 27. The first party will be responsible for paying the road tax from the second year onwards along with all taxi registration formalities of the vehicle during the entire period of lease and the first party can use the vehicle for taxi operations along with demonstrations and so on. 28. The monthly payment given by the first party will not be further extended after the lease period because of any delay which arises out of the delivery of vehicle and the latter will be liable to close the finance of the vehicle within the lease period of 48 months. 29. After signing the lease agreement the second party has to give possession of the vehicle to the first party

11 before the delivery of vehicle in the showroom by signing a possession certificate and all throughout the lease period the vehicle will be under the complete possession of the first party only. 30. The original tax and insurance papers along with the spare key will be given to the first party but the original registration certificate or smart card will be given to the second party on his written request and has to be submitted whenever required in emergency situations and also at the end of lease period failing which an amount of Rs /- will be deducted from the Buy back amount. 31. Bumper to Bumper full cover comprehensive insurance amount of the leased vehicle has to be paid by the second party only, all throughout the deemed period of lease, which will be deducted by the first party from the payments of the last two months in a year, for paying the insurance renewal amount for the coming year without affecting the monthly EMI of the vehicle. 32. If the second party has introduced another 2 vehicles within a year, then the latter will be free from paying the insurance for the second year and the same has to be repeated by for the next two years to avail the free insurance but a Combo Customer has to introduce only one person every year for getting the free insurance of one vehicle in that particular year. 33. If the second party wants to cancel the lease agreement before the end of lease period and after the vehicle is delivered, then a notice period of 30 days has to be served to the first party to release the vehicle and if the first party has arranged loan for the vehicle then an NOC from the finance company has to be submitted to the first party. 34. If the second party receives the monthly payments according to the terms of this agreement promptly then the latter cannot cancel the lease agreement before the vehicle is delivered and in certain cases the lease agreement stands canceled if the second party without the knowledge of the first party has taken forceful possession of the vehicle for any reasons after signing the lease agreement and giving the vehicle to first party. 35. The second party cannot demand any names or stickers to be pasted in any part of the vehicle but can

12 inspect the vehicle at the place where it is stationed subject to prior appointments before a day and any disputes arising out of this agreement will be settled in Bangalore courts only. Digital signature number of Ramit Malhothra is I... being the second party to this agreement has fully read the terms & conditions and hereby agree to sign upon my free will and confidence after understanding all the points mentioned in this lease agreement. WITNESS WITNESS JAYANTHI, Team Manager #30, 1st Cross, 2nd Main, Hegganahallicross, Vishwaneedam Post Bangalore Signature of Witness Signature of Witness