SUBSCRIPTION TERMS AND CONDITIONS

As per Indian laws, every new two-wheeler is mandatorily required to have an insurance cover for third party damage for a minimum period of 5 (five) years. Accordingly, the Subscribed EV shall be delivered by Ecozaar, along with the insurance for (a) own damage (OD Insurance) (with a validity of 1 (one) year), and (b) third party damage (TP Insurance) (with a validity of 5 (five) years). The cost of insurance for (a) OD Insurance, and (b) TP Insurance, for the Subscribed EV shall form part of the EV Subscription Plan (more particularly the payment schedule for the relevant EV Subscription Plan opted to, by the Subscriber). The Subscriber acknowledges, confirms and agrees that (a) upon the expiry of the validity of the OD Insurance the Subscriber, shall in consultation with Ecozaar, renew the OD Insurance for the remainder of the Lock-In Period of the Subscribed EV (OD Renewal Condition), and (b) the OD Renewal Condition is a mandatory requirement and forms an integral condition of the (i) EV Subscription Terms, and (ii) the Lease Agreement.

Immediately before the expiry of the OD Insurance (either of the OD Insurance delivered by Ecozaar along with the Subscribed EV or of the OD Insurance renewed at the cost of the Subscriber), the Subscriber shall, in consultation with Ecozaar, renew the OD Insurance at his/her own cost. In light of the same, 30 (thirty) days prior to the expiry of the relevant OD Insurance, Ecozaar shall reach out to the Subscriber to provide the Subscriber with options for renewing the OD Insurance. In the event, the Subscriber fails to renew the OD Insurance for the Subscribed EV, Ecozaar shall have the right to:

1. to deduct necessary amounts from the interest free refundable deposit paid by the Subscriber; and/or
2. terminate the relevant EV Subscription Plan of the Subscriber and seize the Subscribed EV.

In case the Subscriber is required to make an insurance claim in relation to the Subscribed EV, the Subscriber can write an email detailing the nature of the claim along with all other necessary information to the following email address: support@ecozaar.in. In relation to emails for making an insurance claim, please mention 'Ecozaar EV Subscription - request for an insurance claim' in the subject line of the email.

Subscribers who choose to return a Subscribed EV prior to the expiry of the Lock-In Period shall be permitted to return such Subscribed EV subject to terms and conditions of the Pre-Closure Terms, a copy of which is available here: Pre-Closure Terms.

In the event the Subscriber does not make payments as per the payment schedule (of the relevant EV Subscription Plan) or does not make the payment for the EVSP Remaining Payable, Ecozaar will be entitled to take such actions as listed in the Lease Agreement. The Subscriber acknowledges, confirms and agrees that in the event a Subscriber fails to make a payment as per the payment schedule (of the EV Subscription Plan), Ecozaar reserves the right to (a) terminate the Lease Agreement, and (b) forfeit the interest free security deposit provided by such Subscriber.

The Subscriber acknowledges, confirms and agrees that the Subscribed EV is only permitted to be used for the relevant Subscriber's personal use and cannot be exploited for commercial gain/commercial purposes. Ecozaar reserves the right to monitor the Telematics Data gathered from the Subscribed EV to periodically monitor such restriction.

Further, the Subscriber acknowledges, agrees and understands that in the event the Subscribed EV is exploited by such Subscriber for commercial gain, then Ecozaar reserves the right to (a) terminate the Lease Agreement, and (b) forfeit the interest free security deposit provided by such Subscriber.

We retain the Subscriber Personal Information and the Telematics Data (Collectively, Information) provided by You in accordance with applicable laws, for the Lock-In Period of the EV Subscription Plan or as required under any applicable law. However, We may retain Information related to You if We believe it may be necessary to prevent fraud or future abuse, to enable Ecozaar to exercise it's legal rights and/or defend against legal claims or if required by law or We may continue to retain your data in anonymised form for analytical and research purposes.

In the event that a Subscriber requests Ecozaar to delete their Information during an active EV Subscription Plan (Request for Deleting Information), the Subscriber will be required to (a) pay the EVSP Remaining Payable (as defined in the Pre-Closure Terms), and (b) return the Subscribed EV after such EVSP Remaining Payable is received by Ecozaar. Post the payment of (a) EVSP Remaining Payable, and (b) return of the Subscribed EV, Ecozaar shall, subject to applicable laws, accept the Request for Deleting Information and delete the relevant Information.

Exchange of the vehicles owned by the User (as defined in the User Terms) is available as an option only for Ecozaar EV Subscription and not for purchase of electric vehicles on the Platform (as defined in the User Terms). Ecozaar accepts only a limited set of models under the 'Exchange' programme. Upon adding the electric vehicle which is eligible for subscription to the cart and selecting 'Subscription' as the mode of payment, the User is provided with an option to 'Trade in' (i.e., exchange his/her current vehicle) for subscribing to the relevant electric vehicle (Trade In). Once the User selects Trade In and the vehicle currently being used by the User is eligible for a Trade In (Trade-In Vehicle), the User will be required to fill out a form provided on the Platform with all the necessary information requested for in such form. Once the User has successfully completed and submitted such form, the User shall be provided with varying EV Subscription Plans for the selected electric vehicle on the Platform, along with details such as the payment schedule and the Lock-In Period. The payment schedule displayed for each EV Subscription Plan (on the Platform) shall account for the value of the Trade-In Vehicle (i.e., the payment schedule for subscribing to the selected electric vehicle will be displayed after deducting the estimated value for the Trade-In Vehicle). Additionally, the User shall also receive an email on the registered email address intimating such User of the pick-up date on which Ecozaar or its agent/ affiliate shall pick up the Trade-In Vehicle.

The Subscriber acknowledges, confirms and agrees that in the event that any of the details provided by such User in relation to Trade-In Vehicle are inaccurate or in the event that Ecozaar's partners/ agents refuse to accept the Trade-In Vehicle, Ecozaar at its discretion may (a) terminate the Lease Agreement effective immediately, and (b) return the Trade-In Vehicle. In such event, such User will need to re-initiate the subscription process on the Platform for the desired electric vehicle and opt for an EV Subscription Plan without the option for a Trade In.