TERMS AND CONDITIONS FOR OWNERS OF TWO-WHEELERS

Thank you for choosing to use the Bounce Loop Platform (the “Platform”). By accessing or using the Platform, it is deemed that You have accepted all the terms and conditions for the Platform after careful perusal of them, which are applicable to all users of the Platform (the “T&Cs”), and accept the same, before proceeding further. The T&Cs including the Privacy Policy (https://bounceshare.com/privacy) and any other policies incorporated by reference or issued from time to time (including any amendments, modifications or changes thereto) are considered integral part of these T&Cs and are incorporated herein.

The Platform only connects owners of two-wheeler motor vehicles (“Two-Wheeler”) desirous of renting out their Two-Wheelers (each an “Owner” or “You”) to persons / users of the Platform interested to hire such Two-Wheelers (“Users”), subject to the T&Cs. For this, the Platform enables, the Owners to list their Two-Wheeler on the Platform, and Users can request for rent / book on hire Two-Wheelers of their choice from the listings, and contract directly with such Owner to receive the Two-Wheeler on rent.

You hereby agree, understand and acknowledge that You shall be bound by the terms contained in the Agreement, and use and access of the Platform and listing of two-wheelers shall be subject to the Agreement.

This document is an electronic record in terms of Information Technology Act, 2000 (“IT Act, 2000”) of India, or any other prevailing law, the applicable rules thereunder and the provisions pertaining to electronic records in various statutes as amended by the IT Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures.

This document is published in accordance with the provisions of Rule 3(1) of the Information Technology (Intermediaries Guidelines) Rules, 2011 that require publishing the rules and regulations, privacy policy and T&Cs for access to or usage of the Platform.

INTRODUCTION

These T&Cs, including the Privacy Policy (https://bounceshare.com/privacy) and any other policies incorporated by reference or issued from time to time (including any amendments, modifications or changes thereto) (collectively referred to as “Agreement”), shall constitute legal and binding agreement between between(A) WickedRide Adventure Services Private Limited, a company incorporated in India and having its registered office at No. 1705, II Floor, East End "A" Main Road, Jayanagar Ninth Block, Bangalore 560069, (hereinafter referred to as "Bounce" which expression shall, unless repugnant to the context or meaning thereof deemed to include their executors, administrators, legal representatives and assigns) of the First Part; and (B) Zuink Smart Mobility Solutions Private Limited, a [company] incorporated in India and having its registered office at #3347, 2nd Main, 14th Cross, Shastrinagar, Banashankari, 2nd Stage Bangalore- 560017 (hereinafter referred to as “Zuink” which expression shall, unless repugnant to the context or meaning thereof deemed to include their executors, administrators, legal representatives and assigns), at whose request Bounce has agreed to permit Owners to list their Two-Wheelers on the Platform; and (C) You / Owner (whosoever lists their Two-Wheeler for rent on the Platform). The term Owner means 'You' and, unless repugnant to the context or meaning thereof deemed to include your executors, administrators, legal representatives and assigns. Bounce and Owner are collectively referred to as "Parties" and individually as "Party". These T&Cs shall regulate and govern the relationship between the Parties and shall be fully binding on each of the Owners.

[ZUINK] hereby agrees and acknowledges that it shall be solely responsible and liable for any and all

default, breach, non-performance, or other acts or omissions of the Owner under the Agreement. [ZUINK] and You hereby agree that Bounce, at the request of [ZUINK], is merely acting as a discovery platform / marketplace through which Users can discover Two-Wheelers listed by You for undertaking rental transactions of Two-Wheelers.

You hereby acknowledge and confirm that You have a primary contractual relationship with [ZUINK] and You are hereby permitted to list Your Two-Wheeler under this Agreement on the Platform, at the request of [ZUINK]. You further agree and accept that any and all payments to be due to you shall be made by [ZUINK] and you shall have no claim against Bounce in relation to any matter relating to the transactions contemplated under this Agreement and all such claims shall solely lie with [ZUINK]. You will make any and all claims, demands for any costs and expenses incurred in relation to or in connection with the Agreement to [ZUINK].

If You do not agree to the terms contained in the Agreement, You are advised not to proceed to access, browse, request for rent / book for hire any Two-Wheelers listed on the Platform. The terms and conditions contained in this Agreement shall be accepted without modification. The continued access, browsing and use of the Platform and/or availing the rental services would constitute acceptance of the terms and conditions of this Agreement.

When You use any current or future services, including the rental services, provided through the Platform, You will be subject to the rules, guidelines, policies, terms and conditions applicable to such services and they shall be deemed incorporated into the Agreement and considered a part and parcel of the Agreement.

Bounce may, at any time, change, amend, modify, add, or remove portions of the contents of the Agreement in substance, or as to procedure or otherwise; in each case which will then be applicable to all Owners. Such changes shall be made applicable when they are posted. You hereby agree that any and all changes, updates, amendments, modifications, additions, or deletions made to the Agreement by Bounce shall be binding on You. Bounce may also alter or remove any content / de-list any Two-Wheeler from the Platform without notice. We will notify You through any of the communication modes as mentioned in this Agreement in case of any changes or updates to the Agreement that we believe may materially impact Your use of the Platform. Your continued use of the Platform following the changes or updates will mean that You accept the changes or revisions to the Agreement and agree to abide by it.

TERMS AND CONDITIONS

Owners must be persons who can form legally binding contracts under the Indian Contract Act, 1872 (“Contract Act”). Persons who are “incompetent to contract” within the meaning of the Contract Act including minors, un-discharged insolvents etc. are not eligible to use the Platform. Owners must be 18 years of age or older to register or visit or use the services of the Platform in any manner. By registering for, visiting the Platform or listing Two-Wheelers, You hereby represent and warrant to Bounce that You are 18 years of age or older, and that You have the right, authority and capacity to use the Platform services, and agree to abide by the Agreement. If a person registered as an Owner on the Platform is below 18 years of age, it is assumed that he / she is accessing, browsing and / or using the Platform under the supervision of his / her parent or legal guardian and that such person’s parent or legal guardian has read and agrees to the terms of this Agreement on behalf of the minor. Should Bounce be made aware that a person registered as an Owner is under the age of 18 and is accessing, browsing and/or using the Platform without the supervision of his/her parent or legal guardian, Bounce reserves the right to deactivate / terminate such person’s account without further notice.

The Agreement is governed by the provisions of Indian law, including, but not limited to:

a.the ContractAct;

b.IT Act, 2000;

c.the rules, regulations, guidelines and clarifications framed thereunder, including the Information Technology (Reasonable Security Practices and Procedures and Sensitive

Personal Information) Rules, 2011 (“SPI Rules”); and

d.the Information Technology (Intermediaries Guidelines) Rules, 2011 (“IG Rules”).

If Bounce notices, at any time of the relationship under the Agreement, that You have committed or have been convicted or have pending charges or allegation of commission of offences, be it traffic violations or any other offence, then Bounce can delist Your Two-Wheeler and / or suspend / terminate your account on the Platform temporarily or permanently and decline to offer any of the Platform services.

You hereby agree to ensure / abide by the following:

1.Two-Wheeler shall be fully in compliance with the Motor Vehicles Act 1988, rules, regulations, guidelines, notifications, and other applicable laws, both State and Central and shall maintain all permits and licenses required in relation to the listing of Two-Wheelers and renting hereof.

2.The Two-Wheeler listed by the Owner on the Platform shall be in a good condition and free of any any condition that impairs the driving functionality and / or safety of the Two-Wheeler, such as performance changes, inappropriate noises, including but not limited to warning lamps, indicators, poor driving feel or external or internal damage that renders the vehicle unsafe, missing or inoperable signal or driving lighting, broken or missing rear-view mirrors and windshield glass etc.

3.Owner shall provide [ZUINK] with copies of the following documents:

a.Valid driving license;

b.Address proof such as passport / Voter ID or such other document which shall be provided to [ZUINK] at the time of pickup / delivery; and

c.Two-wheeler related documents.

4.You agree to provide true, accurate and complete information as requested and / or required by [ZUINK] and Bounce.

5.Owners shall have all statutorily prescribed documents in relation to the Two-Wheeler, including but not limited to Registration Certificate (RC) book and emission test certificate. Further, Owner shall provide helmets to the User and the pillion rider, if any.

6.Owner shall have obtained, for the duration of rental usage of the Two-Wheeler by the User, comprehensive insurance coverage of the Two-Wheeler and shall maintain all necessary and valid documentation in relation to such insurance coverage.

7.Owner shall provide reasonable time and opportunity to the User to inspect the Two-Wheeler and related documentation at the time of pickup / delivery of such Two-Wheeler.

8.Owner shall be courteous and professional while interacting with the Users and perform their obligations with promptness and use reasonable care and skill and in accordance with reasonable standards of diligence, care, skill, quality and integrity.

9.Owner shall be punctual in delivery / pickup of the Two-Wheeler.

10.Owners shall not consume any alcoholic beverages or any other intoxicating / banned substances at the time of pickup / delivery and return of the Two-Wheeler.

11.Owner shall promptly disclose any and all damages or functional issues in the Two-Wheeler at the time of pickup / delivery of the Two-Wheeler.

12.Owner shall ensure that the User has a valid driving license and a copy of the driving license of the User will be provided to the Owner and Bounce.

13.The Owner shall raise any and all claims, demands for any costs and expenses incurred in relation to or in connection with the Agreement to [ZUINK].

14.Owner hereby agrees and acknowledges that [ZUINK] and the User will be solely responsible for any and all costs related to the repair, recovery, and loss suffered as a result of or in connection with any accident in which the User is involved in, to the extent that insurance does not cover for the same.

15.If any authority has penalized or fined the Owner in relation to a User's usage of the Two- Wheeler or while in the User’s custody, the User shall pay the compensation of such penalty / fine to such authority along with legal costs, and if the User fails to pay such compensation, it shall either be the Owner’s or ZUINK’s responsibility to pay all such fines and get the Two- Wheeler in a condition to operate on the Platform.

16.Owner shall assume all risks, liabilities, and consequences if his / her account has been accessed illegally or without authorisation through means such as hacking and if through such unauthorised access, a request for rent or booking for hire has been made on the Platform. It is specifically clarified that payments of monies towards such requests / bookings by unauthorised or illegal use of the Owner’s account shall entirely be borne by the Owner.

17.You hereby agree and acknowledge that any and all fees and payments due to You from the User for providing the renting services through the Platform shall be payable by [ZUINK]. Bounce shall not be liable for any outstanding payments due to You.

18.It is expressly acknowledged by the Owner that the Platform or Bounce, as a marketplace, has not undertaken any check or verification of the Users, their credentials or their profiles. It is entirely the responsibility of the Owners to verify all details of the Users that they are transacting and/or interacting with, to their satisfaction. Bounce shall not be liable in any manner for credentials, representations acts or omissions of any User.

19.The Company and the Owner disclaim any and all claims, actions, suits against Bounce arising out of the Platform renting services or transactions undertaken through the Platform. Further, by executing this Agreement, Bounce does not, nor should it be construed to, extend its services for the benefit of any third parties apart from Owners. Nothing in this Agreement shall be construed to create any duty to, or standard of care with reference to, or any liability on any person who is not a party to this Agreement.

20.You agree not to enter into any contractual provisions in conflict with this Agreement.

21.You affirm and agree that, given the general and “as-is” nature of the Platform, You are not specifically relying on any statements, or materials contained on Platform to make any business decisions. You agree to conduct your own related due diligence in relation to the rental services provided by You, as the case maybe.

22.Bounce is not and cannot be a party to any dispute arising or in connection with the rental services provided by the Owner to the User on the Platform in its capacity as the host of the Platform.

23.Owners can cancel any requests / bookings accepted by them at any point in time.

24.Bounce does not covenant or warrant that:

a.the rental services will be made available at all times;

b.the content available on the Platform is complete, true, accurate or non-misleading;

c.the Two-Wheelers listed on the Platform are of specified condition, standards and quality;

d.the performance of obligations by the Users will be prompt and in good faith; and

e.Bounce has undertaken any verification of the Users or their credentials.

PAYMENT TERMS

Owner shall get eighty (80) percent of the revenue generated by the Two-Wheelers listed by him on the Platform on a monthly basis, provided operation of the two-Wheelers such as maintenance of the Two-Wheeler, hand over and receiving the Two-Wheeler from the User, parking of the Two- Wheeler at his own premises is taken care by the Owner. In an event wherein such operations is taken care by a third party other than the Owner, the Owner shall be entitled to receive a fifty five

(55)percent of the revenue generated by the Two-Wheelers listed by him on the Platform on a monthly basis.

Owner shall receive such consideration by the 10th working day of the subsequent month along with a report of the revenue generated by the Two-Wheeler listed by him on the Platform. In event of any dispute with regards to the same, the Owner shall raise it within seven (7) days from the day he receives such consideration, else it shall be deemed to be accepted by the Owner.

INTELLECTUAL PROPERTY; CONFIDENTIALITY AND PRIVACY

All the intellectual property used on the Platform by Bounce, including the content displayed on the Platform, shall remain the property of Bounce, its parent company, group companies, subsidiaries, associates, affiliates, suppliers, vendors, sister companies or of any third party hosting such intellectual property on the Platform, unless expressly permitted or agreed to otherwise. Except as provided in the Agreement, the intellectual property materials may not be modified, copied, reproduced, distributed, republished, downloaded, displayed, sold, compiled, posted or transmitted in any form by any means, including but not limited to, electronic, mechanical, photocopying, recording or other means, without the prior express written permission of Bounce, its parent company, group companies, subsidiaries, associates, affiliates, suppliers, vendors, sister companies or any third party hosting such material on the Platform, as the case may be.

If You believe that Your intellectual property rights have been used in a way that raises concerns of

infringement, please write to us at loop@bounceshare.com and let us know of Your concerns.

Bounce respects privacy of the Owner as far as possible. Owner however agree that the following personal information of the Owner could be used by Bounce for the following. The following personal information will be collected and used: a) name, b) address, c) contact numbers, d) email id, e) gender f) age, g) driving license details h) address proof and i) identity proofs. The information will be used for the following: a) share with relevant government agencies if asked to furnish any data, b) to render support in case of an accident or hospitalization with local people, police, social workers, mechanic, hospital, relatives or friends of the Owner necessary to get support in case of any accident to the person, c) use this information for promotional purposes, giving offers and benefits given to the customers of Bounce, d) inform you the developments in the business, e) sell items and goods offered by Bounce, f) analyse the use patterns for providing better business offerings.

UNDERTAKING AND INDEMNITY

Owner hereby undertakes and acknowledges that any claim, damages, liabilities that may arise during the custody of the Two-Wheeler with the User or the Owner shall be his/her own responsibility and if any such claims arise against Bounce, the same shall be defended at the cost of the Owner, and if any court, magistrate, police, executive, or judicial action imposes any penalty, fine, damages, or compensation in relation to such claims or for any other incident that happens while the Two-Wheeler is under the custody of the User or the Owner, shall be paid or borne by the Owner. The responsibility of the Owner for such claims includes claims from third parties, passengers or himself/herself or their respective legal heirs for all activities that are undertaken while the Two-Wheeler is in the User’s or Owner’s custody.

Owner shall, at its own expense, defend, indemnify, and hold Bounce and its officers, directors, agents, employees, and consultants harmless for damages, liabilities, claims, losses, costs, demands, suits, actions, and reasonable expenses (including attorneys' fees and settlement costs) (collectively, "Damages") arising out of or related to any suits or claims by a third party brought against Bounce regarding any actions or inactions alleged or arising out of or in connection with (i) the use or non- use of the Two-Wheeler while under the custody of the User or the Owner; (ii) Your access, browsing or use of the Platform; (iii) violation of the Agreement; (iv) actual and/or alleged infringement of any intellectual property or other right of any person or entity; (v) actual and/or alleged infringement, by any other Owner or User of Your account with the Platform; (vi) any dispute between Owner and User to which Bounce is made a party in relation to the rental services sought/ provided through the Platform.

Bounce shall notify You promptly of such claim, loss, liability, or demand, and in addition to Your foregoing obligations, You agree to provide Bounce with reasonable assistance, at Your expense, in defending any such claim, loss, liability, damage or cost.

LIABILITY

You acknowledge and undertake that You are accessing the Platform and availing the Services available therein at Your own risk and that You are using prudent judgment before placing an order for a Two-Wheeler or availing any Services through the Platform. Bounce shall, at no point, be held liable or responsible for any representations or warranties made by the User or the Owner in relation to the performance, delivery of or payment for the rental services.

Bounce does not provide or make any representation, warranty or guarantee, express or implied about the Platform, the rental services, or in relation to the Users and all implied warranties under

law or contract are to the maximum extent possible hereby disclaimed.

Bounce’s aggregate liability arising in respect of operation of the Platform or any and all listing services provided shall be limited to the commission received by Bounce from the transactions undertaken on the Platform between the User and the Owner.

In no event shall Bounce be liable to You or any other User for any special, indirect, consequential, incidental or punitive damages pursuant to this Agreement, including but not limited to, loss of profits, loss of business opportunities or loss of goodwill, even if advised of the possibility of such damages

PROHIBITED USE

You warrant to Bounce that You will comply with all applicable laws, statutes, ordinances, regulations and treaties regarding the use of the Platform, the rental services and any other related activities. You further warrant that You will not use the Platform in any way prohibited by terms contained in the Agreement or under applicable law.

OFFERS AND PROMOTIONS

Bounce reserves the right to suspend your account and/or revoke any and all promotions or credits at any time if we feel they were earned inappropriately or in violation of the applicable promo code terms or the terms of service applicable to you.

Offers and promotions credits usage and validity terms and conditions can be updated without any prior notice by Bounce. The terms and conditions valid while listing the Two-Wheeler will be applicable and will precedent all previous terms and conditions.

GRIEVANCE OFFICER

In accordance with the provisions of the SPI Rules, any grievances which You may have with respect to the information shared by You with Bounce hereunder and its treatment, may be directed by You to the grievance officer of Bounce at the below mentioned coordinates:

Name: Mr. Vinay Rotti

Email Address: loop@bounceshare.com

Postal Address: Ground Floor, Artisane RPS Tech Centre, 1st Main Road, 3rd Phase, J.P Nagar, Corporation Ward No. 57, Bangalore- 560078

NO AGENCY

Neither the Owner not [ZUINK] will ever be deemed to be Bounce's agent, servant, or employee in any manner for any purpose whatsoever.

DISPUTE RESOLUTION; ARBITRATION

In the event of any dispute or difference arising between the parties with regard to the rights and obligation under this agreement or as to any claim, monetary or otherwise or as to the interpretation and effect of any terms and conditions of this agreement, the same shall be referred

to arbitration; and such Arbitration shall be governed by the (Indian) Arbitration and Conciliation Act, 1996 for the time being in force. The arbitration proceedings shall be conducted in the English language. The seat of arbitration shall be Bangalore. The arbitration shall be conducted by a sole arbitrator mutually appointed by Bounce and disputing Owner.

Arbitration awards shall be reasoned awards and shall be final and binding on Bounce and the disputing Owner/s and shall be enforceable in any court of competent jurisdiction.

GOVERNING LAW AND JUSRISDICTION

This terms and conditions and any disputes or claims arising out of or in connection with its subject matter are governed by and construed in accordance with the laws of India and the Courts of Bangalore shall be the competent court of jurisdiction.

ENTIRE AGREEMENT

This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties relating to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.

SEVERABILITY AND ASSIGNMENT

If any provision of the Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity or unenforceability shall attach only to such provision and the remaining part of such provision and all other provisions of the Agreement shall continue to be in full force and effect. Notwithstanding the foregoing, such provision shall be enforced to the maximum extent permissible so as to give effect to the intent as reflected by that provision.

You will not transfer, assign or delegate Your rights or obligations including Your account opened by the Platform upon registration (“Account”) under the Agreement to anyone without the express written permission of Bounce, and any attempt to do so will be null and void. Bounce may assign the Agreement or its rights, or obligations hereunder to anyone in its sole discretion.

WAIVER

Bounce’s failure to enforce any provision of the Agreement or respond to a breach by a Owner shall in no way imply a waiver of Bounce’s right to subsequently enforce any provision of the terms of the Agreement or to act with respect to similar breaches by n Owner.

FORCE MAJEURE

Except for the payment of fees to Bounce, neither of the parties to this Agreement shall be responsible for the failure to perform or any delay in performance of any obligation hereunder due to labour disturbances, accidents, fires, floods, telecommunications or Internet failures, strikes, wars, riots, rebellions, blockades, lockdowns, operation of law, epidemics, pandemics, cyber-attacks, acts of government, governmental requirements and regulations or restrictions imposed by law or any other similar conditions beyond the reasonable control of such party. The time for performance of such party shall be extended by the period of such delay.

NOTICES

All notices and communications to the Platform shall be in writing, in English and shall be deemed given if delivered personally or by commercial messenger or courier service, or mailed by registered or certified mail (return receipt requested) or sent by email, with due acknowledgment or complete transmission to the following address:

Postal Address: Ground Floor, Artisane RPS Tech Centre, 1st Main Road, 3rd Phase, J.P Nagar, Corporation Ward No. 57, Bangalore- 560078

Email Address: corporatelegal@bounceshare.com

Legal notices will be served to the email address You provide to us while enrolling as an Owner on the Platform. Notice will be deemed given 24 hours after such email notice has been sent.

INTERPRETATION

Headings, subheadings, titles, subtitles to clauses, sub-clauses and paragraphs are for information only and shall not form part of the operative provisions of the Agreement and shall be ignored in construing the same.

Words denoting the singular shall include the plural and words denoting any gender shall include all genders.

The words “include” and “including” are to be construed without limitation.

References to the word “Your” shall have the same meaning as “You”.

The Owner has read and understood the above terms and Agree to abide by it.