Party Details: Not e

Stamp
Duty ₹300.0 0
Ce rtificate No. IN-KA13515009360267T
Account Re f. No. SHCIL01 (CR)/ kashcil10/ MALLESHWARAM1/ KA-BA
Issue d Date 06-01-2021
Issue d By SHCIL
State Karnataka
Part y Det ails

First Party 1T9 Te chnology Private Limite d
Se cond Party Shashishe khar H V
Stamp Duty Paid By 1T9 Te chnology Private Limite d
Purchase d By 1T9 Te chnology Private Limite d
Docume nt Type Article 5(J) Agre e me nt (In any othe r case s)
De scription Ve hicle Le ase Agre e me nt
Addit ional Det ails

Conside ration Amount ₹93640.00
Docume nt Re fe re nce No.
Not e
Please be aware that this receipt titled Stamp Duty Payment Details is an
acknowledgement of the Stamp Duty as paid by you and in no event be construed as
or equivalent to a Stamp Paper.
The authenticity of the Stamp paper as purchased by you should be verified at
www.shcilestamp.com Any discrepancy in the details in this certificate and as
available on the website renders it invalid.
The onus of checking the legitimacy of the acknowledgement and the stamp papers
vests on the users of the certificate.
This Agreement is being electronically executed between 1T9 Technology Private

Limited and the Shashishekhar H V as specified in the agreement. This Stamp Paper
forms integral part of the following agreement.
Digitally Signed by Digitally Signed by Harsh

Shashishekhar H V Saruparia
06 Jan 2021 at 16:41:21 IST 19 Mar 2021 at 14:10:58 IST
Signed using SignDesk Signed using SignDesk
Stamp Ref No: IN-KA13515009360267T
VEHICULAR OPERATING LEASE AGREEMENT

(Agreement Number-TWJAN21-0041)
This Vehicular Operating Lease Agreement has been executed on 06/01/2021 at Bangalore by
and between:
1T9 Technology Pvt Ltd, a company incorporated under the Companies Act, 2013 and having its
registered office at E/503, Manavsthal Heights CHS Ltd, Near Ashok Nagar, Marol, Off. Military
Road, Mumbai -400072 (hereinafter referred to as “Lessor” and Two-Wheeler carrying out
business as OTO)
AND
Shashishekhar H V, having its PAN AWMPV4089J, having residential address at NO 89 2ND MAIN
ROAD 7TH CRS KENGERI SATELLITE TOWN Bangalore 560060 (“Lessee” the reference of
which shall include the heirs, executors, administrators, and representatives).
Whereas the Lessor is in the business of buying, selling, leasing, dealing in, automobiles and
providing Fleet Management Services (“FMS”) as and when opted by the Lessee and which shall
be distinct, separate and independent of leasing
Whereas the Lessor is desirous of leasing and providing fleet management services and the
Lessee has agreed to avail the lease and fleet management services of the aforesaid motor
vehicle/s on the terms and conditions herein contained.
DEFINITIONS:
Advance Lease Rental shall mean such amount paid by the Lessee to the Lessor as an advance
for the right to use the Vehicle during the Lease Period
Due Date shall mean the date on or before which the OMI shall be paid by the Lessee and shall be
specifically mentioned in the Lease Schedule.
Fleet Management Charges Schedule means the fee or service charges payable by the Lessee
to the Lessor, towards availing of one or more services from the basket of Fleet Management
Services offered by the Lessor.
Lease Schedule shall be the form attached to this Agreement and made a part thereof with
details of the Lease including schedule for payment of OMI.
OTO App means the mobile application provided by Lessor to facilitate easier lease application
and tracking process.
OMI means the periodic payment specified in the Lease Schedule to be paid by the Lessee for the
right to use the Vehicle during the Lease Period. OMI shall be calculated on a case-to-case basis
by the Lessor and shall consist periodic payments towards the Principal Amount, Insurance,
Interest Amount and Expense Amount. The interest charged by the Lessor shall be calculated
from the date the amount for the Vehicle has been paid by the Lessor to the Partner. OMI shall be
payable through NACH, ECS, NEFT or cheque.
Digitally Signed by Digitally Signed by Harsh Page 1

Act The Motor Vehicles Act, 1988 (“the Act”),
Vehicle means the Two-wheeler/ automobile specified in the Lease Schedule which the Lessor
buys from the Partner at the request and in the interests of the Obligors under a Purchase
Agreement or on other grounds and which is transferred to the possession and use of the Lessee
and/or the Registered-user in accordance with the provisions set out herein.
Partner means the seller (provider) of the Vehicle, selected at the instruction of the Lessee
or/and Registered-user.
Manufacturer shall mean the manufacturer of the Vehicle.
Obligors shall mean the reference to the Lessee and the Registered-user.
Purchase Agreement means the transaction, which the Lessor will conclude with the Partner at
the instruction and in the interests of the Obligors with the aim of acquiring the Vehicle.
Business Day is any day which is a bank’s working day in India
Residual Value means the market value of the Vehicle at any given point of time.
Taxes means all and any direct or indirect tax (including Goods and Services Tax), Cess, rate duty
service tax, lease tax or any other transaction tax on the sale or lease of, or on the provision for
any goods or services and includes any excise duty, duty on import or export or any other tax or
duty on manufacturing, processing or making of any goods or services including any withholding
tax, tax deducted at source, stamp duty, registration charges and any other taxes or levies payable
with respect to the preparation, negotiation, registration, filing, preservation, protection and
enforcement of any deed, document or writing with respect to the transaction or any act, deed or
thing to be done by any Party hereto.
Security Deposit means the payment made by the Obligor(s) to the Lessor on the basis of the
payment schedule for the possession and use of the Vehicle. The Security Deposit shall be
refundable and become due within 15 (Fifteen) days of end of the Lease Period, and shall be
interest free.
Services means the processing and facilitation of conducting the Purchase transaction with the
Partner and leasing the Vehicle to the Lessee.
Event of Default means the occurrence of one or more of the following:

1. Non-payment of OMI or any payment due to the Lessor for more than 15 (fifteen) days
after written notice is served to the Lessee
2. Vehicle absconsion
3. Using the Vehicle in a geographical area different than as provided for in the Lease
Registration Form, without informing the Lessor for more than the stipulated time (30
days)
4. Making Structural Changes to the Vehicle. Structural Changes herein shall mean any and
all changes made to the Vehicle that are irreversible and if reversible, shall degrade the
Vehicle.
5. If the Vehicle is impounded by any governmental authority and/or is a part of any
investigation, inquiry etc., police or otherwise.
6. Termination/ default of picking up the Two-Wheeler after having paid the Security
Deposit, OMI and processing fees

7. Any breach of the terms and conditions of this Agreement which is not remedied for
more than 15 (fifteen) days after notice of such breach.
8. Any transfer, sale, encumbrance of the Vehicle or the components thereof.
9. Natural / Unnatural and/or accidental death.
1. Scope.
The Lessor undertakes to acquire the ownership of the Vehicle indicated by the Lessee and
grant on lease the vehicle with temporary transfer of possession to the lessee on the terms
and conditions herein contained., as well as provide to the Lessee the Services, while the
Lessee undertakes to execute duly payment of the OMI to the Lessor and perform other
contractual obligations.
2. Conditions Precedent.
The Lease granted by the Lessor to the Lessee shall be conditional upon fulfillment of the
following conditions (“Conditions Precedent”) to the satisfaction of the Lessor:
2.1. The Lessee shall apply for the eligibility for the Lease by placing a lease application.
2.2. Completion of payment of the following to the Partner at the time of booking:
• Processing Fees (if applicable)
• First advance OMI as per the OMI Schedule
• Security Deposit (if applicable)
• Advance Lease Rental (if applicable)
• Duly Filled & Signed NACH/ECS Mandate
• Post Dated cheques as required by the Lessor
• Vehicle transfer documents (RTO forms), as prescribed under the Motor Vehicles Act,
1988 (59 of 1988) and the Rules made there under, duly signed by Lessee
2.3. Submission of the KYC and mandatory documents
3. Lease.
3.1. Under this Agreement, the Lessor has agreed to lease the Vehicle to the Lessee for the
specific use of the Lessee during the Lease Period excluding the right to sell, alienate,
charge, hypothecate or otherwise encumber the Vehicle in any manner whatsoever
(“Lease”).
3.2. The Lessee hereby accepts the Lease under the terms and conditions as specified in this
Agreement and OMI schedule.
3.3. Ownership- Save as otherwise provided in this MLA, no right, ownership, title or interest
in the vehicle shall pass to the Lessee by virtue of these presents. The Lessee shall at no
time contest or challenge the Lessor’s sole and exclusive ownership right, title and interest
in the vehicle and the Lessee shall not assign, sublet, hypothecate or otherwise encumber
the vehicle. The Lessor and the Lessee hereby confirm that their intent is that the vehicle
shall at all times remain the property of the Lessor. For the purposes of the Act and the
provisions thereof, the vehicle shall be registered in the name of the Lessee and the Lessor
shall be registered therein as the financier under this MLA and the Lessee shall be fully
liable and responsible for all the obligations, liabilities and duties as provided under the
Motor Vehicles Act or under any other law or instrument pertaining to the use of the
vehicle.

4. Lease Period.
The Vehicle shall be leased for a period as specified in the Lease Registration Form
(“Lease Period”). Lease Period may be extended mutually and may result in modification
of the OMI and the OMI Schedule.
4.1. The lease shall cease upon happening of any of the following events:
4.1.1. Upon expiry of the contracted months
4.1.2. Occurrence of any events of default
4.1.3. upon mutual consent of the parties
4.1.4. on occurrence of total loss or theft of the vehicle
4.2. Termination of Lease: The Lessor shall have the right to terminate the Lease by providing
60 (sixty) days’ notice to the Lessee and the Lessee shall have to provide the Lessor with a
prior 60 (sixty) days’ notice for terminating the Lease. On termination of the Lease, for
any reason, the Vehicle shall be duly returned in the manner as prescribed in clause 11.
5. Payment Terms.
5.1. In consideration of the Lease, the Lessor shall charge the Lessee OMI as per the OMI
Schedule and the OMI shall be subject to changes in tax structure.
5.2. The Lessee agrees to pay the OMI as per the OMI Schedule by the respective Due Date. The
Lease OMI shall be payable before the pre decided date of every calendar month. The lease
rental shall start from the day the vehicle is delivered.
5.3. Default: In case of default in payment of OMI beyond 7 (seven) days from the Due Date as
per the lease schedule, Lessee shall be liable to pay an interest 18% (Eighteen percent) for
the delay time. The delay time shall start from the Due Date.
5.4. Security Deposit (If applicable):
a. The Security Deposit shall be refundable and interest free. Lessor may at Lessor’s
discretion, appropriate any amount or amounts from time to time, out of Security
Deposit to be adjusted against any amount due under this Agreement but not paid by
Lessee, and to that extent, the Security Deposit shall be deemed to have fallen in deficit.
b. Lessor may require Lessee by notice to immediately make good any deficit in Security
Deposit. Any such deficit shall, on the date of notification by Lessor, be deemed to be
amount payable by Lessee(s) hereunder.
c. The Security Deposit shall be refundable at the termination of the Agreement, provided
Lessee has not defaulted under any of the terms and conditions of the Agreement and
the Lease Schedule. From the amount to be so refundable, Lessor shall be entitled to
make deductions in accordance with the Lessor’s company policy and:
i. All sums remaining unpaid by Lessee:
ii. As estimated amount that shall be mutually agreeable on account of sums payable
by Lessee the exact amount as per the vehicle return policy.
iii. Subject to clause 5.4.c Lessor will refund the Security Deposit at the end of the
Lease Period within 15 (fifteen) days from the expiry of the Lease Period.
5.5. Pre-termination of Lease: In case of prior termination by the -Lessee, the Lessee shall be
liable to pay the amount as specified in the pre-termination matrix. The Lessee shall also
bear any pre termination penalty for the early termination. Similarly, if the termination is
after Lessor’s notice than Lessor shall pay any expenses incurred by Lessee like insurance

policy amount on pro-rate basis. Pre termination penal charges will be waived off in case
termination is done after 24 months of lease start date.
6. Pick Up of the Vehicle.

6.1. The Partner and the Vehicle are selected by the Lessor according to the instructions by the
Lessee, and the Lessor shall not be held liable for the non-performance of the obligations
under their arrangement by the Partner, nor for any deficiencies of the Vehicle- any
relevant claims shall be directed to the Partner instead.
6.2. If the Lessee has not accepted the Vehicle within the term set in the Purchase agreement
and in the procedure defined in the Agreement, has not contacted the Lessor in writing
about any deficiencies or other issue, and has not provided to the Lessor the documents
specified in clause 2 herein, the Lessor may unilaterally decide to terminate the
Agreement prematurely. In this case, the OMI, and the Processing Fees shall not be
refunded and the Lessee shall compensate any damages incurred by the Lessor in excess
of the retained amounts.
6.3. The Lessor shall not be held liable for all deficiencies of the Vehicle which are not removed
by the manufacturer or the Partner, as well as any damages incurred by the Lessee or the
Lessor as a result of such deficiencies.
6.4. In addition to the above, the Lessee while accepting the Vehicle, shall act as a considerate,
careful and prudent buyer and shall accordingly represent, warrant and undertake to:
a. Make sure that the identification details of the Vehicle match those indicated in
the Purchase agreement and that the documentation of the Vehicle being
transferred together with the Vehicle is complete, thorough and proper,
especially focusing on the Vehicle warranty conditions and Vehicle preservation
rules and has satisfied himself as to its condition and suitability for Lessee’s
purpose, and its compliance with any prescribed safety standards;
b. Unless provided otherwise in the Purchase agreement, accept the Vehicle in
accordance with the quantity, quality, range, completeness, and other criteria
within the normal time period together with the documentation of the Vehicle;
c. Not have during the Lease Period or as a condition of this Agreement any title to
the Vehicle;
d. Not use the Vehicle in order to earn any commercial gain. The Lessee
acknowledges and accepts that the Vehicle is for personal/official use only.
e. After the delivery of the Vehicle by the Partner to the Lessee(s) under this
Agreement, the Lessee(s) shall be liable or responsible to any third
party/parties for any liability, claim, loss, damages, or expenses of any kind or
nature whatsoever arising from the transportation and use or operation or
failure to operate or perform the Vehicle.
f. To use the Vehicle in a lawful manner and within the parameters of the
applicable law.
7. Registration of the Vehicle
7.1. With regard to the registration of the Vehicles; Lessee(s) undertakes the following:
a. For the purposes of the Motor Vehicles Act, 1988 (“the Act”), and the provisions
thereof, or under statutory obligations pertaining to the ownership or use thereof, if
the Vehicle provided on lease hereunder requires registration, the Lessee shall be
responsible for having the Vehicle registered with the transport authority within
the due time limits as per the Act. However, the Lessee may request the Lessor to
arrange for the registration of the Vehicle with the transport authorities on its
behalf. However, this shall not in any way affect the absolute ownership of Lessor

on the vehicle and shall not confer upon the client any right other than that of lessee
of the vehicle.
b. The Lessee shall be solely responsible to provide the necessary documentation for
the Vehicle registration process for effective registration of Vehicle, indicating,
wherever such law or regulation so permits, the ownership of the Vehicle by the
Lessor.
c. Where the relevant law or regulation does not permit registration of Vehicle in the
name of any person other than the effective user thereof, the Parties understand
that notwithstanding registration of Vehicle in the name of Lessee, Lessor is and
shall always remain the absolute legal owner of Vehicle.
7.2. Lessee shall, where the Lessor so requires, produce evidence of registration of Vehicle to
Lessor, and provide to Lessor such authority as may be required to have the registration
changed or endorsed in the name of the Lessor whenever needed by the Lessor at the
Lessor’s sole discretion and the terms and conditions of the lease agreement shall not
change in this case.
7.3. Lessee undertakes and hereby authorizes the Lessor to have the said registration
transferred in the name of the Lessor or its nominee on the termination of this Agreement
or in the event of breach or earlier termination in accordance with this Agreement and /
or expiry of the Lease Period. The Lessee shall ensure that the relevant registrations as
may be required under any law or regulation for transfer of registration in favor and in the
name of the Lessor are duly complied with.
7.4. Lessee hereby also undertakes during the period of use of Vehicle, to comply with all
provisions of the Act and rules framed thereunder and shall cooperate from time to time
undertake such tests, checks including Vehicle fitness test, PUC certificate, at its own cost
and expenses.
8. Lessor’s Rights.
If an Event of Default and/or any occurrence of an event in Clauses 10.6, 10.7 and 10.8 shall occur
at any given time during the subsistence of this Agreement, then the Lessor shall have the
following rights:
8.1. Terminate the Lease with 14 days’ prior notice and cause the Lessee to surrender the
Vehicle in accordance with Clause 11.
8.2. Recover any or all amount towards costs and expenses arising out the Event of Default
8.3. To recover any and all additional cost borne by the Lessor from the Lessee and/or its legal
beneficiaries as per the companies’ act 2013
8.4. To conduct and carry out any legal actions against the Lessee including but not limited to
theft, cheating under the applicable law.
8.5. Claim the insurance proceeds for such an event.
Notwithstanding anything to the contrary, herein contained, in the event of such an Event of
default the Lessor shall also be entitled to sell, re-lease otherwise disposes off the Vehicle in such
a manner as the Lessor may think fit and adjust or appropriate from the amount realized from
the sale and/or disposal of the Vehicle all such amounts as are payable by the Lessee as set out
above.
8.6. Lessee shall not have any objection to inspection by the Lessor or any person duly
authorized by the Lessor in writing, when requested with a prior written notice of 10 (ten)
working days to Lessee, and at all reasonable times (the term all reasonable times shall
mean business hours on working days), request the Lessee(s) to inspect, view and
examine the state and condition of the Vehicle, and for that purpose the Lessee shall
permit entry in the premises where the Vehicle is placed. In case of emergency, the
requirement for prior written notice by the Lessor or any person so authorized by the
Lessor, as mentioned above, shall be dispensed with as per the convenience of the lessee
and in an amicable way.

9. Lessor’s Obligations: The Lessor hereby agrees:
9.1. To grant the Lessee exclusive use and possession of the Vehicle during the Lease Period,
save as is provided for by the Agreement;
9.2. To grant the Lessee quiet possession of the Vehicle;
9.3. To keep the Vehicle comprehensively insured with a reputable insurance company
throughout the duration of this Agreement, as per the Insurance services specified in OMI
schedule.
10.Lessee’s Obligations: The Lessee hereby agrees:
10.1. To ensure that the Vehicle is used in a skillful and proper manner and only driven by
persons that bear a valid driving license;
10.2. At no time contest or challenge lessor’s sole and exclusive rights and interest in the
vehicle.
10.3. To keep in the Vehicle at all times by you (“Mandatory Documents”):
a. Copy of the Registration Certificate
b. Insurance Papers provided by the Lessor
c. Pollution Under Control (PUC) Certificate to be procured and kept valid by the
Lessee
d. The Passing and Permit of the vehicle (RTO Tax related documents)
10.4. Maintenance of the Vehicle
a. To ensure that no alterations are made to the Vehicle without the consent of the
Lessor and any component removed unless it is immediately replaced by the same
component or by one of the same like, make and model or an improved or advanced
version.
b. To be responsible for costs relating to fuel, tyre puncture and oil topping up
between services as well as any costs of parking fines and towing expenses for illegal
parking and any other penalties, fines incurred while the Vehicle is in possession of the
Lessee;
c. The Lessee must fulfill, on its own behalf, all statutory obligations in relation to
the Vehicle its management and use, and if this is not possible – to immediately
compensate the costs incurred by the Lessor due to the performance of such obligations;
d. To yield the Vehicle to the Lessor is good mechanical condition on the expiration
of the contract, save for normal wear and tear of the same
e. Pay all state and municipal taxes and charges in relation to the Vehicle (their
changes shall not affect other payments), as well as cover any tax losses incurred by the
lessor due to non-payment or late-payment by the lessee, if any.
f. The Lessee undertakes not to dispose of the Vehicle, use the Vehicle as a good
owner (considerate, careful, prudent) and in compliance with the purpose of the Vehicle
and other requirements set out in the documents of the Vehicle (if the purpose is not
specified – in accordance with the usual purpose), as well as obtain all permits required
for the use of the Vehicle and ensure that the Vehicle is used by qualified users.
g. The yearly usage limit of the vehicle shall be as specified in the OMI schedule.
After which the Lessee accepts and undertakes to pay for maintenance of vehicle as
specified in the OMI schedule. over and above / year as a part of regular wear and tear.
This will be charged over and above the monthly lease rental and will be collected at the
time of return of the vehicle.

h. The Lessee may procure/ upgrade/ affix any accessory to the Vehicle as long as
the they bear the cost of removal of the same at the end of the Lease Period wherein it’s a
part of additional fitments in lease schedule
i. Without the consent by the Lessor, the Lessee shall be prohibited from using the
Vehicle for business purposes for carrying passengers, taking part in sports
competitions, trainings, or using the Vehicle in any other way which poses risk to the
technical condition of the Vehicle, increases its normal depreciation, etc;
j. Lessee is responsible for any and all damage to the Vehicle. This includes but is
not limited to any form of loss, theft, or damage to the Vehicle, (usual wear and tear
accepted) you, other persons and/or property; caused due to the Lessee’s actions or that
of any third party.
k. In case of any and all damages to the Vehicle, including but not limited to
damage caused due to collision, accident, vandalism, fine, acts of god, or others events,
tampering of parts of the Vehicle, Lessee shall bear the expenses associated with it. Any
Insurance claims shall be subject to clause 10.11 below.
l. In the event that the Lessee desires to shift and use the Vehicle beyond the state
limits, the Lessee shall first notify the Lessor in writing at least 7 (seven) days prior to
such shifting. The Lessor may have the option to either terminate the Agreement or
change and/or continue with the same Agreement and its terms & conditions. However,
the Lessee shall be liable to carry out and get in order any and all statutory obligations
and licenses, transfers etc. and bear any and costs associated with using the Vehicle in
another state.
10.5. Servicing/Optional Fleet Management Services:

Lessee shall provide the vehicle for servicing as scheduled in the technical documentation
or as per Annexure - II in order to maintain the technical condition of the Vehicle and
perform service works.
At the option of the Lessee, Lessor shall during the lease period provide certain fleet
management services. The services opted would be for vehicles leased from the lessor or
owned by the lessee. The services opted would be distinct, separate and independent
service and will be governed by a separate contract entered into for the same. Only such
services shall be applicable with respect to a particular vehicle, as are appearing on the
relevant Lease Schedule. In such cases, the Lessee may select one or more services from
the basket of fleet management services which may comprise of the following:
(i) Emergency Breakdown services – Lessor renders round the

clock breakdown services within 100Kms of city range to the
Lessee. In case the vehicle in immobilized on the road, as specified
in the relevant lease registration form/quote.
(ii) Replacement Vehicle (Service) – Lessor arranges for a
replacement vehicle in case the lease vehicle is taken for servicing
and not returned within 24 hours. This replacement vehicle will
either be of the same category or one category lower as leased
(iii) Maintenance & Repair Management – Lessor is responsible for
the maintenance and repair of the vehicle during the lease period
including replacement of tyres, Battery or any other spares. Lessor
has authorized the designated workshops for maintenance and
repair of the vehicle. The invoices raised by such designated
workshop shall be settled by Lessor directly with designated
workshops. Lessor shall also provide ‘pick up and drop service for

the vehicle for service and repair.
10.6. Theft:
a. In the event of theft or total/partial irreparable loss or damage to the Vehicle, the Lessee
shall immediately notify Lessor on any such quick mode of communication deemed
appropriate and also in writing.
b. The theft shall be reported to the police station having competent jurisdiction, within 48
(forty-eight) hours, of the knowledge of the accident / theft or such similar incident.
c. The Lessee shall obtain from such police station a copy of the complaint or a FIR, as may
be provided by such police station and ensure that the registration, chassis and engine
number are specified in the complaint or FIR, as the case may be. The Lessor, within
reasonable time of the knowledge of the accident / theft or any accident involving the
Vehicle in any manner whatsoever inform the insurer, with whom the Vehicle is insured.
d. Lessor shall complete the insurance claim process within the specified time interval as
specified by Insurer
e. Lessee shall keep the Vehicle free and clear of all levies, liens and encumbrances.
f. For the avoidance of any doubt, the Lessee shall be liable to pay the OMI as per the Lease
Registration Form till the time of recovery of the Vehicle and/or the settlement of the
insurance proceeds or for 4 months from the date of insurance claim notification. A
standby Two-Wheeler may be provided to the Lessee for this period at an additional
cost, which may be mutually agreed, for this stand by Two-Wheeler. After 4 months the
parties shall mutually agree to terminate the lease by estimating the amount to be
recovered from the insurance company.
10.7. Damage:
To report and inform the Lessor within 48 (forty-eight) hours of any damage to or loss to
the Vehicle
10.8. Accident:
To report and inform the Lessor within 48 (forty-eight) hours of the accidental event and
to report accurately any and all damage or impairment to the Vehicle.
To take all measures to mitigate the expense incurred due to such an event and pay for
such expenses incurred owing to the event.
10.9. Rewards System:

Lessor may provide a rewards program to the Lessee from time to time with the help of an
OBD device data attached with the vehicle. Lessee is requested to not temper with this
device
10.10. Take all measures not to allow third parties to restrict rights of the Lessee and/or the
Lessor with respect to the vehicle; therefore, the Lessee shall recover the Vehicle from
unlawful extraneous possession, require to eliminate any violations of the rights of the
Lessee and/or the Lessor even if they are unrelated to the loss of possession of the Vehicle,
etc., as well as defend its own and/or Lessor's violated rights at judicial, arbitration, pre-
trial and other institutions
10.11. Insurance:
a. During the subsistence of this Agreement or and till the Vehicle is delivered back to the
Lessor in good order and condition, the Lessee/Lessor shall at its own expense
comprehensively insure the Vehicle leased hereunder.

b. The Lessee(s) shall not do or omit to do or be done or permit or suffer any act, which
might or could prejudicially vitiate or affect any such insurance.
c. Lessee does hereby cede to Lessor all Lessor’s rights to and interest in the insurance
policy/policies taken out in respect of the Vehicle.
d. Lessor shall be entitled to claim and receive all monies payable under the
aforementioned insurance policy/policies and to execute all documents as per Lessee-
Lessor agreement as may be necessary to recover all amounts payable under the
insurance policies which are being obtained by the Lessor.
The Lessor shall be eligible for reimbursement of aforementioned costs as follows:
1. Full reimbursement of Insurance:
In this arrangement, the Lessor shall pay the Insurance and other levies in the first
instance and the same shall be reimbursed to the Lessor by the Lessee upon receipt of an
invoice/Debit Note from the Lessor as the same has not been included in the Total
Charges.
2. For the purposes of this clause,

Lessor shall make payment to third party only if he is so authorized by the Lessee /
Registered-user.
Lessor separately indicates the amount incurred in the invoice issued by him.
Supplies procured from third party shall be in addition to services supplied by the
Lessor.
Lessor shall not hold any title to goods or services or both so procured or supplied.
Goods or services shall not be used by the Lessor.
Lessor shall not receive any additional amount over and above the cost incurred.
e. The Lessee further agrees not to do or permit or suffer to be done anything which might
prejudice any such insurance.
f. No Loss due to insurance claim shall relieve the Lessee of the obligation to pay Lessor
OMI and any and all other amounts owed hereunder.
g. n the event that the insurance proceeds received are inadequate to cover the damage
caused to or by the Vehicle and/or the Lessee, the Lessee shall be liable to pay the cost of
such damage.
h. In case where the Lessee is doing the insurance of the vehicle than it is mandatory to
obtain the permission of Lessor in advance of 15 days and the respective charge of
ownership on insurance policy has to be marked. The final decision will be made by the
Lessor in this case.
11. Surrender of Vehicle:
11.1. Lessor shall determine the date, time and location for the surrender of the Vehicle, in the
event of expiry of the Lease Period due to any circumstances.
11.2. Lessee must return the Vehicle on the agreed upon date/time at the agreed upon location
unless informed to the Lessor at least 30 (thirty) days in advance and consented by the
Lessor on an alternative date/time or location or in case Lessee desires to extend the
Lease Period.

11.3. For the purpose of this Agreement, the Vehicle shall be deemed returned, only if all the
Vehicular Documents are deposited along with the Vehicle and its rightful set of keys. The
Lessee undertakes to complete all RTO formalities in this regard before the return of the
Vehicle.
11.4. The Lessor is entitled to perform a thorough inspection of the Vehicle on the return of the
Vehicle and provide the Lessee a final invoice along with any deductions from the Security
Deposit within 48 (forty-eight) hours of return of the Vehicle.
11.5. The Vehicle shall be returned in a roadworthy condition along with the external and
internal fitment at the time of initial deployment apart from the normal wear and tear and
should be as per the vehicle return policy. Any and all additional charges that may be
incurred by the Lessor for the upkeep of the Vehicle due to Lessee’s usage including but
not limited to, excessive cleaning and/or repairs beyond normal wear and tear, any cost
incurred to restore the Vehicle to a roadworthy condition shall be recovered from the
Lessee on issuing a damage report.
11.6. Vehicle should meet the standards as mentioned in Vehicle Return Policy in Annexure - I
11.7. In case of loss of Mandatory Documents, the Lessor shall retain the entire Security Deposit.
The Lessee undertakes to return the Mandatory Documents in a good condition along with
the return of the Vehicle and to co-operate with the Lessor in case of loss of any and all the
Mandatory Documents.
11.8. In case of the Vehicle having not been returned validly as per clause 11 Lessor shall levy
the OMI on a pro-rata basis for the number of days the return of the Vehicle was delayed.
In case of non-payment of the additional OMI, Lessor shall be entitled to deduct this
amount from the Security Deposit.
12.Warranties
12.1. Each Party warrants to the other Party that:
a. It is free to enter into and fully perform this Agreement and authorized to do so.
b. The entering into of this Agreement does not violate any agreements, rights or
obligations existing between Company and any other person, firm or corporation and
any applicable laws.
12.2. Supplier and Manufacturer’s Warranties: The Lessee and/or the Lessor both, shall be
entitled to the benefits of the warranties provided by the Supplier/ Manufacturer. Any
performance guarantee provided by the Supplier/Manufacturer shall be in the joint names
of the Lessor and the Lessee/Co-Lessee and shall be enforceable by the Lessor or the
Lessee/Co-Lessee or both of them.

13.Indemnification
13.1. Without prejudice to any other right Lessor may have, Lessee shall indemnify and keep
Lessor indemnified against: any loss of or damage to the Vehicle, however arising other
than normal wear & tear; any losses, costs, charges or expenses (including between
attorney and client and costs of litigation) or outgoings which Lessor shall certify as
sustained or suffered or incurred by Lessor as a consequence of occurrence of an Event of
Default; any loss which Lessor may suffer as a result of any representation or warranty
made by Lessee in connection with this Agreement being found to be materially incorrect
or misleading; any losses, costs, charges, claims, damages, expenses or liabilities incurred
in tort; any losses, claims, damages, expenses, liability for any death, injury or damage to
any person or property or Lessor may suffer/ incur arising directly or indirectly from the
Vehicle or its use, whether caused willfully/ or the result of rash and negligent driving or
any malicious act; any cost incurred by Lessor in seeking repossession of the Vehicle,
getting the same repaired, refurbished or restored; any loss or liability incurred by Lessor
resulting from possession, use or operation of the Vehicle by Lessee; and any liability
which Lessor may incur under any tax legislation by reason of the use of the Vehicle for
any purpose other than as stated by Lessee to Lessor; provided that such loss, damage,
claim or liability is not due to Lessor’s negligence. Each indemnity in this clause is a
separate and independent obligation and continues after termination of this Agreement.
14.Limitation of Liability
14.1. Lessor assumes no responsibility for and cannot be held liable for any personal injury,
property damage, third party liability or other loss, accident, delay, inconvenience, or
irregularity which may be occasioned either by reason of: any wrongful, negligent or
accidental acts or omissions on your part; any defect in or failure of the Vehicle, equipment
or instrumentality owned, operated or otherwise used by you; any wrongful or negligent
acts or omissions on the part of any other party not under the control, direct or otherwise,
of the Lessor. Lessor shall not have any liability for damages for any cause, regardless of
the form of claim or action. Lessor has given no representation or warranty regarding the
quality, fitness, safety or suitability of the Vehicle, and no person is authorized by Lessor to
do so. Lessor is not the dealer, agent or representative of Seller.
14.2. The Lessee and Lessor acknowledge that there is charge created on the Vehicle in favor of
1T9 Technology Private Limited or Western Capital Advisory Pvt Ltd due to the third
party’s financing of the Vehicle on behalf of the Lessor, and the Lease of such Vehicle
provided hereunder shall always be subject to the charge created by the Lessor in favor of
such third party. The third party shall have the first right to the Vehicle.
15.Miscellaneous
15.1. Notice. All notices, requests, demands, approvals, requests for approvals or other
communications under this Agreement shall be in writing. Notice will be sufficiently given
for all purposes as follows: (i) upon delivery when personally delivered to the recipient,
(ii) upon receipt when mailed by certified mail, return receipt requested if confirmed by
return receipt, (iii) upon delivery when delivered by any recognized overnight courier,
and (iv) upon receipt when sent by fax with confirmation, provided, however, that it shall
be deemed delivered the next business day if sent on a non-business day or after 5pm IST
on a business day. For the purposes of convenience, notice will be sufficiently given for
the purpose of approvals and requests for approvals, if provided by a Party’s authorized
representative to the other Party’s authorized representative via email. Addresses for the

purpose of giving notice are as follows, or such other addresses as may be designated in
writing by the Parties from time to time by delivery of notice:
To Lessor: To Lessee:
Attn: 1T9 Technology Private Limited Attn: Shashishekhar H V
Email: sumit@otocapital.in Email: shashi.hebbalalu@gmail.com
Address: E/503, Manavsthal Heights CHS, Marol military Address: NO 89 2ND MAIN ROAD 7TH CRS KENGERI
road, Marol, 400072, Mumbai SATELLITE TOWN Bangalore 560060
15.2. All payments shall be made to such bank accounts or the Parties may designate addresses
as in writing from time to time by delivery of notice.
15.3. Merger/Modification. Each Party acknowledges that it has read this Agreement, it
understands it, and agrees to be bound by its terms, and further agrees that this is the
complete and exclusive statement of the Agreement between the Parties, which
supersedes and merges all prior proposals, understandings and all other agreements, oral
and written, between the Parties relating to this Agreement. This Agreement may not be
modified or altered except by written instrument duly executed by both Parties.
15.4. Governing Law. This Agreement shall be governed by and interpreted in accordance with
the laws of India. Parties agree that any litigation arising out of or related to this
Agreement must be brought in a Court exclusively within the city of Bangalore, India and
this agreement shall be subject to the Laws of India as the exclusive and mandatory venue
and jurisdiction for any litigation arising out of or related to this Agreement.
15.5. Liquidation: In the event of liquidation, the Lessee shall have the right to recover dues
from the Company, only to the extent of the Security Deposit to be adjusted and refunded
in accordance with this Agreement. The Lessee shall have no ownership claim on the
Vehicle whatsoever.
15.6. Severability. If any provision of this Agreement is invalid under any applicable statute or
rule of law, it is to that extent to be deemed omitted and all other terms and provisions of
this Agreement shall nevertheless remain in full force and effect so long as the economic
or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to any Party. Upon such determination that any term or other
provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in
good faith to modify this Agreement so as to effectuate the original intent of the Parties as
closely as possible in an acceptable manner in order that the transactions contemplated
hereby are consummated as originally contemplated to the greatest extent possible.
15.7. Assignment. Lessor may assign this Agreement in whole or in part without the consent of
the Lessee. However, in the event that the Lessee shall require to transfer the lease under
this Agreement or assign this Agreement, it shall obtain Lessor’s consent to do so.
15.8. Waiver. A waiver by either Party of any terms or conditions of this Agreement in any
instance shall not be deemed or construed to be a waiver of such term or condition for the
future, or of any subsequent breach thereof. All remedies, rights, undertakings,
obligations and agreements contained in this Agreement shall be cumulative, and none of
them shall be in limitation of any other remedy, right, undertaking, obligation or
agreement of either Party.

15.9. Relationship of Parties. The Parties are not employees, agents, partners or joint ventures
of each other. Neither Party shall have the right to enter into any agreement on behalf of
the other.
15.10. Headings and Titles. The headings and titles of this Agreement are not part of this
Agreement, but are for convenience only and are not intended to define, limit or construe
the contents of the various sections.
15.11. Counterparts. This Agreement and any SOW may be executed in two (2) or more
counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Counterparts may be delivered via facsimile,
electronic mail or other transmission method and any counterpart so delivered shall be
deemed to have been duly and validly delivered and be valid and effective for all purposes.
15.12. Entire Agreement. The entire understanding between the Parties hereto relating to the
subject matter hereof is contained herein and the Parties make no warranties,
representations or undertakings hereto except as expressly provided herein. This
Agreement cannot be changed except in a writing signed by the Parties.
15.13. Survival. Notwithstanding any termination, cancellation or expiration of this Agreement,

the provisions hereof that are intended to continue and survive, shall continue and
survive, including, but not limited to, Clause 11,12,13,14,15.
15.14. Expenses. Except as otherwise specified in this Agreement, all costs and expenses,
including fees and disbursements of counsel, financial advisors and accountants, incurred
in connection with this Agreement and the transactions contemplated in this Agreement
shall be paid by the Party incurring such costs and expenses.
15.15. Force Majeure. No party shall be liable for a failure or delay in performing any of its
obligations under this Agreement if, but only to the extent that, such failure or delay is due
to causes beyond the reasonable control of the affected party, including, but not limited to
(1) acts of God; (2) fire or explosion (except to the extent caused by the negligence or
willful misconduct of the affected party); (3) unusually severe weather; (4) war, invasion,
riot, or other civil unrest; (5) governmental laws, orders, restrictions, actions, embargoes,
or blockages; (6) national or regional emergency; and (7) injunctions, strikes, lockouts,
labor trouble, or other industrial disturbances; provided that the party affected shall
promptly notify the other of the force majeure condition and shall exert reasonable efforts
to eliminate, cure, or overcome any such causes and to resume performance of its
obligations as soon as practicable.
IN WITNESS WHEREOF, the Parties hereto have executed this Vehicle Operating Lease
Agreement as of the date first set forth above.
LESSOR: LESSEE:
(1T9 Technology Private Limited) (Shashishekhar H V)
By: ___________________________ By: ___________________________
Name: Harsh Saruparia Name: Shashishekhar H V

Title: Director Title: Self

Lease Schedule
Lease ID.: TWJAN21-0041 Place: Bangalore Date: 06/01/2021
Name – Shashishekhar H V
PAN – AWMPV4089J
Lessee Details Address – NO 89 2ND MAIN ROAD 7TH CRS KENGERI SATELLITE TOWN Bangalore 560060
Contact No – 7022930819 Email - shashi.hebbalalu@gmail.com
Facility Operating Lease of motor vehicle

Make TVS Fuel Type Petrol
Vehicle Details
Model Ntorq 125 Color Gray
Variant Disc
Ex-Showroom (incl. taxes, after discount) Rs. 77735 /-
Registration charges Rs. 14405/-
Price Details Insurance By OTO

Handling Charges and accessories Rs. 1500 /-
Total Amount Rs. 93640/-
Excess Mileage charges Rs. 0.50 per KM + applicable tax
Registration Type Individual
City of Registration Bangalore
Tenure 12 months Contract Kilometers 12000 Km
a) Basic Lease Rental – 2802 + GST* = Rs. 3586/-
Monthly Lease Rental Amount b) RTO Reimbursement = Rs. 1200/-
Total = 4786/-
GST Rate on date of agreement is as below & subject to change as & when announced by statutory
authorities
Lease rental – 28%
OMI Start Date
Processing Fees Rs. 500/- including GST
Deposit Amount Rs. 45000/-
Security details No and amount of Undated Cheques 3 Cheques of 5557/- each
NACH Mandate Form Yes
Pre-Termination charges As per Pre-termination matrix.
Cheque Bounce Charges (Rs.) or Rs. 750/- per instance of dishonor of cheque Standing instruction / NACH debit instruction / any
any other payment mode other mode of payment + taxes as applicable
Maintenance and servicing No
Fleet Management Inclusions Door to Door Service No
(if Applicable)
Emergency Breakdown No
Basic own damage Yes
Insurance Inclusion Third Party Yes
Zero Depreciation Yes

Lease instalments are subject to change and will be based on final Two-Wheeler and accessories price and discounts applicable at time of delivery. The
terms and conditions set above are agreed upon by both the parties and it forms an integral part of Master Lease agreement TWJAN21-0041.
For 1T9 Technology Private Limited For Shashishekhar H V
Authorized Signatory Signature
(Witnesses) (Witnesses)
1. 1.
2. 2.

Fleet Management Schedule

Lease ID.: TWJAN21-0041 Place: Bangalore Date: 06/01/2021
Name – Shashishekhar H V
PAN – AWMPV4089J
Lessee Details Address – NO 89 2ND MAIN ROAD 7TH CRS KENGERI SATELLITE TOWN Bangalore 560060
Contact No – 7022930819 Email - shashi.hebbalalu@gmail.com
Facility Operating Lease of motor vehicle

Make TVS Fuel Type Petrol
Vehicle Details
Model Ntorq 125 Color Gray
Variant Disc
Ex-Showroom (incl. taxes, after discount) Rs. 77735 /-
Registration charges Rs. 14405/-
Price Details Insurance By OTO

Handling Charges and accessories Rs. 1500 /-
Total Amount Rs. 93640/-
Excess Mileage charges Rs. 0.50 per KM + applicable tax
Registration Type Individual
City of Registration Bangalore
Tenure 12 months Contract Kilometers 12000 Km
a) FMS(OTO Handling Charges) – 238 + GST* = Rs. 281/-
b) Insurance Reimbursement = Rs. 488/-
Monthly Fleet Management Total = 769/-
Amount GST Rate on date of agreement is as below & subject to change as & when announced by statutory
authorities
GST – 18%
OMI Start Date
Processing Fees Rs. 500/- including GST
Deposit Amount Rs. 45000/-
Security details No and amount of Undated Cheques 3 Cheques of 5557/- each
NACH Mandate Form Yes
Pre-Termination charges As per Pre-termination matrix.
Cheque Bounce Charges (Rs.) or Rs. 750/- per instance of dishonor of cheque Standing instruction / NACH debit instruction / any
any other payment mode other mode of payment + taxes as applicable
Maintenance and servicing No
Fleet Management Inclusions Door to Door Service No
(if Applicable)
Emergency Breakdown No
Basic own damage Yes
Insurance Inclusion Third Party Yes
Zero Depreciation Yes
Lease instalments are subject to change and will be based on final Two-Wheeler and accessories price and discounts applicable at time of delivery. The
terms and conditions set above are agreed upon by both the parties and it forms an integral part of Master Lease agreement TWJAN21-0041.
For 1T9 Technology Private Limited For Shashishekhar H V
Authorized Signatory Signature
(Witnesses) (Witnesses)
1. 1.
2. 2.

Annexure - I
Vehicle Return Policy
Definitions -
Normal Wear and Tear- During the progression of your lease, your vehicle will start to display signs of usual
wear, such as reduced tire tread depth, dings & minor dents, scratches, minor cracks & stains and are considered as
normal wear and tear
Excess wear and Tear - Excess wear goes beyond ordinary wearing of the vehicle, which is usually caused due to
things like negligence, abuse, poor maintenance, change in appearance of the vehicle or using inferior quality parts
for repairs
Here a few things you need to take care of while using the vehicle to avoid any such charges:
Exterior:
Any punctures in the body
Missing or broken parts, regardless the cost
Wheels:
Broken, cracked, bent or mismatched wheels
Damage to wheels or wheel covers, except for minor nicks or scuffs
Mechanical / Electrical:
Non-operational or malfunctioning equipment
Substandard or incomplete repairs
Any replacement part that doesn't meet manufacturer's specifications
Vehicle Maintenance:
Any replacement part that doesn't meet manufacturer's specifications
Vehicle system failures that result from not adhering to manufacturer's maintenance requirements
Missing equipment’s:
Tool Kit
Keys
Service / Owner’s manual
Original documents for the vehicle (RC Book, Insurance etc.)
Chargers and cables (in case of EV vehicles)
Should the vehicle fail to meet any of the above-mentioned standards specified at the time of return, an evaluation
would be done for the damages of such replacement parts and repairs and the Lessee shall have to settle the dues
respectively.
However, the Lessee of the vehicle has the right to rectify such damages on his own at the choices of his authorized
service centers.

Annexure – II
Maintenance Schedule
Every 1,000 kms Every 4,000 - 5,000 Kms Every 8,000 - 10,000 kms
or 1 month or 4-6 months or 10-12 months
Fluid check Side stand check Side stand check

Coolant check Battery check Battery check
Lubricant check Turn signal check Turn signal check
Tire check Brake/clutch lever lubrication Wheel bearing check
Brake check Cable check/lubrication Shock system check
Clutch check Chain check/lubrication Spoke check
Engine oil Fuel system check/replacement Brake/clutch lever lubrication
/filter replacement Exhaust check/replacement Cable check/lubrication
Air filter check/replacement Chain check/lubrication
Clutch check/replacement Engine oil/filter replacement
Cooling system check/replacement Spark plug replacement
Fuel system check/replacement
Exhaust check/replacement
Air filter check/replacement
Clutch check/replacement
Cooling system check/replacement
Every 13,000 - 15,000 kms Every 18,000 - 20,000 kms Every 23,000 - 26,000 kms
or 15-18 months or 20-24 months
or 28-32 months
Side stand check Check of all systems Battery check

Battery check Engine oil/filter replacement Turn signal check
Turn signal check Spark plug replacement Wheel bearing check
Wheel bearing check Wheel bearing replacement Shock system check
Shock system check Air filter replacement Spoke check
Spoke check Brake and clutch fluid replacement Brake check
Brake/clutch lever lubrication Coolant replacement Clutch check
Cable check/lubrication Engine oil
Chain check/lubrication /filter replacement
Spark plug replacement Cable check/lubrication
Fuel system check/replacement Chain check/lubrication
Exhaust check/replacement Spark plug replacement
Air filter check/replacement Wheel bearing replacement
Clutch check/replacement Air filter replacement
Cooling system check/replacement Brake and clutch fluid replacement
Coolant replacement
* Incidental damages must be covered on an ongoing basis

OMI Payment Details
Area of Comparison Details
Location Bangalore
Vehicle Model TVS Ntorq 125
Variant Disc
Fuel Type Petrol
Tenure months 12
Mileage 12000
Ex-Showroom Cost 77735/-
Handling Charges and accessories 1500 /-
Registration 14405/-
Insurance By OTO
Total Cost 93640/-
Final OMI (Lease Rental and Fleet Management) INR 5557/-

OMI Payment Schedule
OMI Number Date of OMI

1 Before Delivery
2 2021-02-05
3 2021-03-05
4 2021-04-05
5 2021-05-05
6 2021-06-05
7 2021-07-05
8 2021-08-05
9 2021-09-05
10 2021-10-05
11 2021-11-05
12 2021-12-05

Pre – Termination Matrix
Month Pre Termination amount

M1 -21878.85
M2 -23590.78
M3 -25358.88
M4 -27183.97
M5 -29066.88
M6 -31008.44
M7 -33009.51
M8 -35070.94
M9 -37193.61
M10 -39378.41
M11 -41626.23
M12 -45000
• Any unpaid insurance amount will be charged extra.

• The above amount in Pre-termination matrix are after adjusting the deposit amount. Deposit
will not be refunded separately.
• Pre-termination amount in particular month is after receiving the lease rental of that month.
• Vehicle will be returned after paying this amount in case of Pre-termination.
Schedule- V
Surrender Conditions
1. The Lessor shall determine the date, time and location for the surrender of the Vehicle, in the
event of expiry of the Lease Period or pre-termination of the lease due to any circumstances.
2. The Lessee shall immediately on receipt of the termination notice, get in touch with Lessor to
identify and agree upon the place within the Contracted Boundary where the Vehicle needs to
be returned back to Lessor. Lessee must return the Vehicle on the agreed upon date/time at
the agreed upon location, in good order and condition, except for normal wear and tear.
3. The Lessee shall ensure that it discharges its obligation to return the Vehicle to Lessor
immediately and without any delay.
4. The Lessor may conduct an inspection of the Vehicle at the place where the Vehicle is kept.
In this regard, the Lessor will appoint an inspection agency at the cost of the Lessee, the cost
of which shall be pre-intimated to the Lessee and test the Vehicle for its use and conditions to
verify if the Vehicle have been maintained to the specifications and working tolerances as
listed on the original manufacturer's specification sheet for the Vehicle and in strict
accordance with the manufacturer's recommended servicing schedule, along with all the
records of usage.
5. The Lessee shall remedy at its expense each material deficiency with respect to these
surrender conditions as identified by the agency prior to the dismantling and return of
Vehicle.
6. The Lessee may if so requested by the Lessor provide free storage and insurance of the
Vehicle in their existing location and in full working order (for demonstration purposes) for a
period not exceeding 180 (one hundred and eighty) days after lease expiry; or at such location
to which the Vehicle was moved as provided for in this Lease; and not use the Vehicle during
this free period of storage at the end of the Lease Period. In case the Lessor does not request

for storage of Vehicle, the Lessee shall immediately arrange for and transportation of the
Vehicle in a carrier to be approved by the Lessor; for final delivery to a warehouse designated
by the Lessor.
7. It shall be the responsibility of the Lessee to deliver the Vehicle to the designated warehouse
of the Lessor complete in all respects and in appearance similar to and in a condition when
originally Delivered. The Lessee shall arrange to pack the entire Vehicle as originally supplied
by the manufacturer in the original manufacturers packing by including all the latest versions
of the manufacturers software as comprised within the Vehicle such that the Vehicle should
be in same operating order, repair and condition and appearance as when originally delivered
to the Lessee, in its packed condition. The Lessee shall include in the packing all manuals,
accessories, tools etc that were provided at the inception and during the Lease Period.
8. The Vehicle shall be deemed returned only if relevant documents with respect to the Vehicle,
including but not limited to the registration certificate in original, the original insurance policy
and all other Vehicular Documents, the keys (original as well as duplicate) and accessories
fitted as original equipment on the Vehicle are delivered to the Lessor.
9. In case of loss of any or all the Vehicular Documents, the Lessor shall retain the entire
Security Deposit.
10. The Lessee undertakes to complete all RTO formalities and to co-operate with the Lessor as
may be required by the Lessor in this regard.
11. The Lessor shall not be responsible for the contents, data, inputs or any other hard or soft
part of the Vehicle which have been intentionally or unintentionally delivered to the Lessor by
the Lessee, which are not owned by the Lessor and the Lessee shall keep the Lessor
indemnified for such wrongful delivery of Vehicle.
12. All costs and expenses including but not limited to taxes and other amounts due on account
of the removal of the Vehicle from Lessee’s premises and/or state or local taxing jurisdiction,
transportation, unloading, insurance and others as may be incurred shall be on account of the
Lessee.
13. In case, the Lessee returns the Vehicle at a place outside the Contracted Boundary, it shall be
liable to reimburse Lessor all costs incurred in transporting the Vehicle from such place of
return to the Contracted Boundary. However, in the event the Lessee does not return the
Vehicle as specified above, the Lessor shall be entitled to take necessary steps to repossess the
Vehicle and the Lessee hereby irrevocably authorises Lessor or any other person authorised
by Lessor to take physical possession of the Vehicle and all the costs, expenses, charges etc.
incurred by Lessor to take the repossession of the Vehicles shall be borne by the Lessee over
and above a penalty equivalent to the OMI to be computed on a pro-rata basis till the date the
Vehicle is actually returned to or repossessed by Lessor.
14. The delivery date to the Lessor’s warehouse shall not be later 3 [Three] Business Days from
the last date when the Lease Period expires. In the event the delivery date exceeds the said
period, for each day’s delay in delivery of the Vehicle, the Lessee shall pay to the Lessor the
OMI on a pro-rata basis for the number of days after the expiry of the Lease Period. In case
of non-payment of the additional OMI, the Lessor shall be entitled to deduct this amount
from the Security Deposit.
15. On arrival of the Vehicle at the warehouse, within 90 (ninety) days, the Vehicle will be
inspected again against the inspection report may by the inspection agency and checked to
ensure no further defects have occurred since the inspection. The final inspection report
prepared by the inspection agency at the warehouse of the Lessor when signed by the Lessor
or his authorized representative will be the Lessor’s acceptance of the Vehicle.
If the inspection report reveals that additional charges may be incurred by the Lessor for the
upkeep of the Vehicle due to Lessee’s usage including but not limited to, excessive cleaning

and/or repairs beyond normal wear and tear, any such cost to restore the Vehicle to a
roadworthy condition shall be deducted from the Security Deposit.
16. The Lessee will be given an option to retain the Vehicle at the time of termination of the
Agreement. The transaction will be subject to the statutory and legislative rules applicable at
the time of transaction.
17. In case of death, incapacity or unsoundness of the Lessee, the Lessor shall hold the Lessee
accountable for all the above acts for the purpose of effectuating the surrender of the Vehicle,
including transportation of the Vehicle. The Lessee shall be responsible for ensuring that the
Vehicular Documents are returned to the Lessor, and to provide all the necessary cooperation
to the Lessor in case of loss of any or all the Vehicular Documents. The Lessee shall further
ensure that the legal heirs of the Lessee complies with all the formalities as may be required
by the Lessor, and provide all the necessary cooperation to the Lessor.



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Part y Det ails

Addit ional Det ails

This Agreement is being electronically executed between 1T9 Technology Private

Digitally Signed by Digitally Signed by Harsh

VEHICULAR OPERATING LEASE AGREEMENT

Digitally Signed by Digitally Signed by Harsh Page 1

Act The Motor Vehicles Act, 1988 (“the Act”),

Manufacturer shall mean the manufacturer of the Vehicle.

Event of Default means the occurrence of one or more of the following:

Digitally Signed by Digitally Signed by Harsh Page 2

2.3. Submission of the KYC and mandatory documents

Digitally Signed by Digitally Signed by Harsh Page 3

5.4. Security Deposit (If applicable):

Digitally Signed by Digitally Signed by Harsh Page 4

6. Pick Up of the Vehicle.

7. Registration of the Vehicle

Digitally Signed by Digitally Signed by Harsh Page 5

Digitally Signed by Digitally Signed by Harsh Page 6

9. Lessor’s Obligations: The Lessor hereby agrees:

10.Lessee’s Obligations: The Lessee hereby agrees:

Digitally Signed by Digitally Signed by Harsh Page 7

10.5. Servicing/Optional Fleet Management Services:

(i) Emergency Breakdown services – Lessor renders round the

Digitally Signed by Digitally Signed by Harsh Page 8

the vehicle for service and repair.

10.9. Rewards System:

Digitally Signed by Digitally Signed by Harsh Page 9

1. Full reimbursement of Insurance:

2. For the purposes of this clause,

11. Surrender of Vehicle:

Digitally Signed by Digitally Signed by Harsh Page 10

Digitally Signed by Digitally Signed by Harsh Page 11

Digitally Signed by Digitally Signed by Harsh Page 12

Digitally Signed by Digitally Signed by Harsh Page 13

15.13. Survival. Notwithstanding any termination, cancellation or expiration of this Agreement,

By: ___________________________ By: ___________________________

Name: Harsh Saruparia Name: Shashishekhar H V

Digitally Signed by Digitally Signed by Harsh Page 14

Facility Operating Lease of motor vehicle

Price Details Insurance By OTO

Zero Depreciation Yes

For 1T9 Technology Private Limited For Shashishekhar H V

Authorized Signatory Signature

Digitally Signed by Digitally Signed by Harsh Page 15

Fleet Management Schedule

Facility Operating Lease of motor vehicle

Price Details Insurance By OTO

For 1T9 Technology Private Limited For Shashishekhar H V

Authorized Signatory Signature

Digitally Signed by Digitally Signed by Harsh Page 16

Digitally Signed by Digitally Signed by Harsh Page 17

Fluid check Side stand check Side stand check

Side stand check Check of all systems Battery check

* Incidental damages must be covered on an ongoing basis

Digitally Signed by Digitally Signed by Harsh Page 18

OMI Payment Details

Area of Comparison Details

Vehicle Model TVS Ntorq 125

Fuel Type Petrol

Ex-Showroom Cost 77735/-

Handling Charges and accessories 1500 /-

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