Car Placement Agreement — Draft

24-month vehicle placement with Pindi Boys Car Rental L.L.C · Trade Licence 969076 · TRN 104422978700001 · Office 615E, Ibn Battuta Gate Office Building, Dubai

Parties

This agreement is made between:

1. The Owner: full name as per Emirates ID / passport, Emirates ID / passport no. number, phone phone ("the Owner"); and
2. The Company: Pindi Boys Car Rental L.L.C, trade licence 969076, Dubai, UAE ("the Company").

The Vehicle

The Owner confirms the vehicle is a 2024, 2025 or 2026 model, fully paid, free of any loan, finance or lien, with a valid Mulkiya.

1. Term

1. The placement runs for 24 months from the handover date of date.
2. Either party may end the agreement early with 60 days' written notice; the final statement is settled and the vehicle transferred back to the Owner's name.

2. Ownership and registration

1. The vehicle is registered in the Company's name solely because UAE law requires rental vehicles to be on a rental company's licence.
2. The Owner remains the true and beneficial owner of the vehicle at all times.
3. The Company shall not sell, pledge, mortgage or use the vehicle as security for any obligation.

3. Profit share

1. Net profit for a month = rental income received for the vehicle, minus that vehicle's own direct costs: insurance, registration, service and repairs, Salik and fines not recovered from customers, and cleaning.
2. Office rent, staff salaries and other company overheads are not charged to the vehicle.
3. The Owner receives 70% of net profit; the Company retains 30%.
4. A month with no rental income pays no profit share; that month's costs are carried forward and recovered from future profit.

4. Payment and statements

1. The Owner's share is paid by bank transfer within 7 days after each month ends to: bank bank name, IBAN IBAN.
2. Each payment comes with a per-vehicle statement showing days rented, rental income, each cost line, net profit and the Owner's share.

5. Insurance, Salik, fines and maintenance

1. The Company maintains comprehensive insurance on the vehicle for the whole term, charged as a vehicle cost.
2. Salik and traffic fines are charged to the renting customers wherever possible; unrecovered amounts appear as vehicle costs in the statement.
3. The Company handles all servicing, repairs and cleaning; genuine wear-and-tear maintenance is a vehicle cost.

6. Idle protection

1. If the vehicle is not rented for 45 consecutive days, the Owner may request a replacement vehicle arrangement or an early return without penalty.

7. End of term — the Owner chooses

1. Return: the vehicle is transferred back into the Owner's name; or
2. Sale: the Company sells the vehicle at a price the Owner approves in writing, and 100% of the sale price goes to the Owner — the Company takes no commission on the sale; or
3. Extension: the placement is extended by written agreement of both parties.

8. No guaranteed returns

1. The Company makes no promise of fixed or guaranteed returns. The Owner's earnings depend on actual rental days and actual costs, as shown in the monthly statements.

9. Documents provided by the Owner

• Emirates ID or passport copy
• Vehicle Mulkiya (registration card)
• Insurance papers (if currently insured)
• Proof the vehicle carries no outstanding finance or lien

10. Governing law

1. This agreement is governed by the laws of the United Arab Emirates and the Emirate of Dubai.