General terms and conditions

The General Terms and Conditions of Business determine the rights, obligations and liability between BIZ RENT SHARING ECONOMY DOO BELGRADE, MB: 21452092, as the Vehicle Lessor (hereinafter the “Lessor”) with one and third parties — users of the Vehicle as Lessees (hereinafter referred to as “Lessees”) on the other side.

INTRODUCTORY PROVISIONS

When renting a Vehicle, the Lessor and the Lessee conclude a Vehicle Lease Agreement. These General Terms and Conditions (hereinafter referred to as “General Terms”) constitute an integral part of the Vehicle Rental Agreement (hereinafter referred to as the “Lease Agreement”) concluded by the Lessor with the Lessees, and are fully applicable unless expressly stated otherwise in the Lease Agreement.

The Lessee is obliged to provide at the Lessor's request all the necessary documentation to determine his legal identity, his creditworthiness and financial situation (Balance Sheet, Income Statement, cash flow statement, proof of solvency), i.e. the Lessee is obliged to go through the identity verification procedure, known as KYC with the Lessor (Know Your Customer). In case of change of essential data in its status-legal identity during the term of the Lease Agreement, the Lessee will inform the Lessor otherwise it will be obliged to reimburse the Lessor for all additional costs and damages that arise due to non-fulfillment of the said.

These General Conditions, as well as their subsequent amendments and additions, are adopted by the Lessor and published in its business premises, on its official website or in another convenient way.

If the Lessor changes the General Terms and Conditions after the conclusion of the Lease Agreement, it shall notify the other Contracting Party thereof and such amendments to the General Terms and Conditions shall be applied to the already concluded Lease Agreements only if the Contracting Parties expressly agree to this in writing.

The contracting parties may enter into special agreements in writing that differ from certain provisions of these General Terms and Conditions. There are no special oral agreements. In case of discrepancy between these General Terms and the specific agreements of the Lease Agreement, special agreements will apply.

MEANING OF THE TERM

Vehicle Rental Agreement — means a contractual relationship between the Lessor and the Lessee, concluded in accordance with the applicable legal provisions and General Conditions, on the basis of which the Lessor undertakes to hand over to the Lessee, for a certain period, a certain answer or things for use and regular use and by which the Lessee undertakes to pay the agreed fee to the Lessor for this, to agree to in compliance with other obligations under the Purchase Agreement and at the end of the time for which the contract was concluded, the Vehicle shall return the Vehicle to the Lessor in the immediate country, unless otherwise agreed between them.

Lessor — means BIZ RENT SHARING ECONOMY DOO BELGRADE, as a legal entity that transfers to the Lessee the authority to hold and use the Vehicle, for the duration of the Lease Agreement.

Lessee — means a natural person, legal person or entrepreneur, as the User of the Vehicle, designated by the Lease Agreement as a Lessee, who has concluded a Lease Agreement with BIZ RENT SHARING ECONOMY DOO BELGRADE, as the Lessor and to which the Lessor, for a certain period, transferred the right to use and unhindered ownership of the Vehicle, with the obligation to pay the agreed rents, in time and in the amount specified in the lease agreement.

Vehicle — means a vehicle as well as any other individually determined movable thing, equipment or device that the Lessor, on the basis of the Lease Agreement, hands over to the Lessee for use.

Deposit — means the amount of money that the Lessee pays to the Lessor before picking up the Vehicle and which remains with the Lessor until the end of the Lease Agreement.

Article 1

LEASE AGREEMENT AND OTHER RIGHTS AND OBLIGATIONS

The rights, obligations and responsibilities of the Lessor and the Lessee are governed by the Lease Agreement. The lease agreement is concluded for a fixed period of time, while it specifies in particular the subject of the lease, the duration of the lease, the total number and amount of rents, the means of securing payment of obligations, as well as other conditions in accordance with the agreement of the parties.

The Lessor gives the Vehicle for use, while the Lessee on the basis of the Lease Agreement does not acquire nor can acquire the right of ownership, but only the right to use and regularly use the Vehicle in accordance with its purpose as its immediate holder and for the entire duration of the Lease Agreement.

The Lessee may not, on any grounds, alienate, pledge, encumber, sublease, transfer the right of ownership or use to third parties, nor to persons who are not qualified to use it and who do not have the prior written consent of the Lessor. The foregoing does not apply to employees of the Lessee who is a legal person, if the Lessee has previously informed the Lessor that all employees will use the Vehicle with which the Lessee has agreed.

The Lessee is obliged to inform the Lessor without delay of any fact or action of any third party in relation to the Vehicle. In case of initiation of any enforcement proceedings, the Lessee is obliged to inform the acting Public Bailiff about the ownership or other right of the Lessor on the Vehicle, and in the event that the Vehicle is listed, the Lessee undertakes to submit to the Lessor without delay the record of the inventory listing the Vehicle as well as all other available documentation, under threat of compensation for damages.

In the event that bankruptcy or liquidation proceedings are initiated against the Lessee, the Lessee is obliged to inform the Lessor thereof without delay, who in this case has the right to demand the return of the Vehicle without delay without liability for termination of the contract, as well as to, if the Lessee does not return the Vehicle within the given period, to take all necessary actions to regain the immediate state vehicles on the vehicle.

The Lessor is authorized to, in order to protect his rights, install electronic equipment in the Vehicle that allows electronic - GPRS location of the Vehicle. The Lessor may use GPRS location solely for the purpose of locating the Vehicle in case of theft or evasion, and the Lessor will not use this possibility in a way that would violate the Lessee's privacy.

Article 2

ORDERING AND PICKING UP VEHICLES

By accepting the Lessor's offer, i.e. by signing the Lease Agreement, the Lessee accepts the characteristics of the Vehicle that are described in the offer, i.e. the Lease Agreement with related attachments: make and model of vehicle, type of fuel, vehicle accessories, additional services. The accepted offer, i.e. the signed Lease Agreement for the Lessor is the basis for ordering the Vehicle from the supplier, in the event that the Lessor does not already own such Vehicle in his country.

In case of any subsequent changes or cancellation of the order by the Lessee, the Lessee will bear the cancellation costs in the amount of 5% of the gross purchase value of the Vehicle per Vehicle as well as the money received in the name of the deposit. If the ordered Vehicle is already registered at the time of cancellation or is in stock, the Lessor has the right to collect from the Lessee at least two monthly rents (including VAT) provided by the Lease Agreement.

The Lessee is obliged to pick up the Vehicle from the Lessor, at his invitation, without delay at the agreed place and at the agreed time. If, after receiving the invitation to pick up the Vehicle, the Lessee refuses to do so or withdraws from the Lease Agreement, he is obliged to pay the Lessor the amount of 6 monthly rents.

The Lessor shall inform the Lessee, 10 (ten) days before delivery of the Vehicle, in writing or by e-mail about the time and place of delivery of the Vehicle, and the Lessee is obliged to pick up the Vehicle at the agreed time and place.

When handing over the Vehicle, the Lessee will sign the Certificate/Handover Record. The Lessee is obliged to inspect the Vehicle immediately after collection, and in case of any damage or defect observed on the same, the Lessee can submit a complaint directly to the Lessor.

Upon receipt of the Vehicle in the State of the Lessee, the Lessor's liability for material defects of the goods (including hidden defects of the goods) ceases and is excluded. The Lessor transfers to the Lessee all the rights and obligations from the warranty sheet towards the manufacturer of the Vehicle, while the Lessee is obliged to exercise all the requirements and rights from the warranty card in question and the actions taken, without delay, report to the Lessor in relation to the guarantor. In the event that in order to use the rights from the issued warranty card it is necessary to take actions from the Lessor or a third party, the Lessee is obliged to inform the Lessor about this, in writing. The warranty for the correctness of the Vehicle begins to run from the moment of purchase of the Vehicle and collection of the Vehicle between the Lessor from the supplier.

For the avoidance of doubt, the Lessor will inform the Lessee about the approximate period of availability of the Vehicle after placing the order with the supplier, if the Lessor is not already in possession of the same. The Lessor will not be liable in the event that the deadline for delivery of the Vehicle is exceeded through the fault of the Supplier, and if the ordered Vehicle is not delivered by the Supplier even within an additional period of 180 (one hundred and eighty) days, the Lessee has the right to terminate the contract without the right to compensation of any damage by the Lessor, with the obligation to return the given deposit.

Article 3

USE AND LIABILITY FOR THE VEHICLE

The Lessee is obliged to use the Vehicle with the care of a good host and to comply with the manufacturer's instructions for use and maintenance (regular service maintenance, checking of oil and other fluids, checking tire pressure, seasonal tire replacement according to regulations, etc.). The Lessee shall be liable for damages caused to the Lessor or a third party due to non-compliance with the prescribed instructions for the maintenance of the Vehicle.

Without the prior written consent of the Lessor, the Lessee may not change, install or remove any parts on the Vehicle or its equipment, place advertisements or change its color, nor carry out repairs on the Vehicle except in the case of a punctured tire. Before returning the Vehicle at the end of the rental period, the Lessee must, at his own expense, remove all subsequently installed equipment and advertisements, otherwise the Lessor has the right to do so himself and to charge the Lessee the costs incurred in connection with the above. The Lessee shall bear the risk of damage to the Vehicle caused as a result of such prohibited activity.

For safety, the Vehicle is delivered to the Lessee with only one key. The other keys remain with the Lessor, while in the event that the Lessee needs other keys, he will be in charge of this service for the time for which he needs them.

If, upon return of the Vehicle, it is found that any part of the equipment has been changed or lost, the Lessee agrees to compensate the Lessor for the damage in the amount of the market price of the changed or lost part of the equipment on the day of return of the Vehicle.

The Lessor has the right to examine the condition of the Vehicle and the way in which it is used at any time. The Lessee shall allow the authorized representatives of the Lessor to, for the purpose of the control announced in advance, at any time visit the place where the Vehicle is kept and/or used. If the Lessor finds, during such tours, that the Lessee has violated the terms of the Rental Agreement, the above mentioned has the right to confiscate the Vehicle from the Lessee. In the event of such an event, the Lessor has the right to unilaterally terminate the Lease Agreement.

The Lessee shall use the Vehicle in accordance with the road and other regulations, and in case of violation thereof, the Lessee shall be liable for all consequences arising therefrom and shall pay all penalties or fees in connection therewith to the competent authorities.

The Lessor is obliged to send the Lessee, within 24 hours of receipt and to the email address provided by the Lessee as his contact address, a scanned violation order or a summons for payment of a fine/fee, related to the violations committed by the Vehicle driven by the Lessee during the lease. The Lessee is obliged, within 3 days from the date of receipt of the Lessor's email, to pay the fine in accordance with the instructions, and to provide the Lessor with proof of the payment made.

Otherwise, the Lessor is entitled in all cases when due to the failure of the Lessee to pay the fine/compensation in the amount of the specified penalty/fee, as well as the amount of all costs of the proceedings involving representation and/or defense fees, fees and other expenses, the same collection from the Lessee, as well as to collect from the Lessee and the statutory default interest on payment the amount starting from the date of payments made or the date of delivery of the decision on the penalty as well as any additional expenditure on the basis of administrative costs.

In particular, the Lessee is obliged to use the Vehicle in accordance with the regulations governing traffic safety on the roads, and if by decision of state authorities there is a seizure or retention of the Vehicle due to gross violation of legal regulations (including the commission of a criminal offense) due to the fault of the Lessee or the person who used the leased Vehicle, the Lessor has the right to compensation in the amount of unpaid, as well as future agreed rents, for the entire period of retention of the Vehicle by the competent authorities. In the event that after the end of the entire period for which the Lease Agreement was concluded the Vehicle is still in the country of the competent authorities, the Lessor is authorized to collect from the Lessee the amount of the value of the Vehicle in the name of the damage. The Lessee is obliged to pay the same amount of damages if the Vehicle is permanently confiscated in criminal proceedings against the Lessee or a third person to whom the Lessee has entrusted the Vehicle for use.

The Lessee is responsible for allowing the management of the Vehicle only to persons who have a valid driver's license and who are authorized to operate the Vehicle by the Lessor. The minimum age of persons who can drive the leased Vehicle is 21 years of age with a minimum of one previous year of possession of a driver's license for driving a specific category of vehicle.

The Lessee must not use the Vehicle for any illegal activities, for participation in races, competitions or trainings, for the training of new drivers, as a taxi vehicle, for renting to third parties, for such driving that would reduce the value of the Vehicle more than provided for in the conditions of normal exploitation of the Vehicle. The Lessee shall bear full responsibility for any damage or loss caused by the Vehicle as a result of non-compliance with the prohibitions set forth in this article.

The Lessee or a third party using the Vehicle is obliged to take all necessary precautions and security measures to prevent theft of the Vehicle. The Lessee must instruct drivers to keep the doors and locks on the Vehicle locked and the windows closed when the Vehicle is not in use.

If the Vehicle is used by an authorized person who is under the influence of alcohol, narcotic drugs and other illicit means or if the Vehicle is used unauthorised by any third party, the Vehicle is not covered by any insurance, and the Lessee is responsible for the damage caused to the Lessor by these persons as a result of this on the Vehicle.

The use of the Vehicle is limited to the geographical area of Europe. Use in any other states is possible only with the prior written consent of the Lessor. Use of the Vehicle will not be permitted in any areas considered war zones or hazardous areas, as determined by the Lessor or the insurance company that insures the Vehicle.

Article 4

VEHICLE REGISTRATION

Before handing over the Vehicle to the Lessee, and through an authorized agency or company, the Lessor shall perform the necessary actions for the registration of the Vehicle and conclusion of the Casco insurance policy with the insurance company in accordance with the terms of the Lease Agreement.

The Lessee is obliged to submit to the Lessor at least 8 days before the expiry of the validity period of the Vehicle registration, the Vehicle's traffic permit and other necessary documents in accordance with these General Conditions to the Lessor. Registration of the Vehicle as well as other necessary actions in this regard, the company Lessor, through an authorized agency or business company. The Lessor is not obliged to carry out the registration of the Vehicle and hand over to the Lessee the traffic license and other necessary documents for the use of the Vehicle, in case the Lessee has not made timely payment of the overdue rents and other monetary obligations under the Lease Agreement.

Vehicle registration costs and contracted casco insurance policies are included in the agreed fee for using the Vehicle.

Delay or non-action of the Lessee in the performance of the obligations under this Article constitutes a gross violation of contractual obligations and gives the Lessor the right to unilaterally terminate the Lease Agreement which occurred through the fault of the Lessee, if the Lessee does not eliminate the said violation within 3 (three) days from the receipt of the obligation even after receiving the notification that there has been a breach of contractual obligations discharges.

Article 5

INSURANCE

For the entire duration of the Lease Agreement, as well as during the period while the Vehicle is in the State of the Lessee, the same must be insured without interruption. Unless otherwise agreed by the contracting parties, the Vehicle has a contracted compulsory insurance policy for damages caused to third parties, as well as a casco insurance policy.

The Lessee is obliged, for the entire duration of the Contract, until the return of the Vehicle and settlement of all obligations under the Lease Agreement, in accordance with the terms of the Insurer, at his own expense and in the name of the Lessor or the owner of the Vehicle, conclude a Contract on compulsory motor liability insurance with supplementary passenger insurance, full insurance of the vehicle with the included risk of theft and evasion, as and breakage insurance for working devices on the vehicle, that is, for the vehicle as a whole, as well as to pay insurance premiums in a timely manner. Casco Vehicle insurance must cover risks, accidents and damages as defined by the insurer's terms and conditions. Insurance contracts are integral parts of the Lease Agreement and the Lessee is obliged to provide a copy of the insurance policy, without delay, to the Lessor.

If the contracting parties so agree, the Lessor will insure the Vehicle on behalf of the Lessee himself according to the terms of the Lease Agreement, in which case the Lessee will pay the Lessor the insurance premium in installments, through monthly rents.

The Lessee is obliged not to use the Vehicle in areas where the insurance company with which the insurance contract has been concluded does not recognize insurance, as well as to compensate the Lessor for the full amount of any damage if it acts contrary to this provision.

If an additional service related to the insurance of the Vehicle is contracted by the parties in the Lease Agreement, the provisions of the Lease Agreement will be applied in priority to insurance issues, followed by the provisions of these General Conditions that do not contradict the same.

Article 6

PAYMENTS

The Lessee is obliged to pay the agreed rents to the Lessor during the entire term of the Agreement, in accordance with the amount and deadlines specified in the Lease Agreement, and on the basis of invoices/invoices issued by the Lessor.

All monetary obligations arising from the Lease Agreement can be expressed in euros, if a currency clause was agreed, or in dinars, if there was no currency clause. If there was a currency clause, the calculation of the rent is carried out at the agreed exchange rate, as defined in the Lease Agreement, on the date of calculation.

The agreed rents are due for payment in the days and within the time limits specified in the Lease Agreement. The payments received are first used to settle interest due to late payment and possible costs arising from the Lease Agreement (costs of penalties/fees, costs of reminders), and only after that they are used to pay the agreed rents.

The rent is paid on the basis of the invoice to the current account of the Lessor. The day of payment is considered to be the day when the payment was received and credited to the account of the Lessor.

If there is a change in tax rates or other administrative fees prescribed by state authorities (such as registration), after the Lessee has taken over the Vehicle, the amount of monthly rent and other payments under the Lease Agreement will be adjusted to these changes. All other circumstances that could affect the rights and obligations of the parties, which are not subject to the Lessor's control (such as changes in laws or measures adopted by the competent authorities), automatically form the basis for the adjustment of the rent, but with a limit of up to a maximum of 20%. In such situations, it is not necessary to conclude a separate annex to the Lease Agreement, but the Lessor will notify the Lessee in writing of these changes, no later than 5 days before the due date for payment of the rent. If such an adjustment leads to an increase in the rent by more than 20% in relation to the initially agreed currency rent, the Contracting Parties shall, on the basis of these amendments, consider concluding an annex to the Lease Agreement or, if they do not reach a common agreement, consider the possibility of terminating the Agreement.

The impossibility or limitation of the use of the Vehicle, regardless of the cause, as well as the possible objection of the Lessee to monthly rents and other expenses, will not be an excuse for non-payment of the monthly rents on their due date. The Lessor shall calculate and charge to the Lessee overdue rents in dinars, at the agreed exchange rate on the day of calculation and the corresponding interest, in accordance with the applicable laws on the date of calculation of interest. Any prepaid rents will not be refunded to the Lessee, but will be used to cover future rents without the Lessee's right to interest on these overpayments.

Fuel is not included in the monthly rent, unless it is contracted as a separate service.

Article 7

MEANS OF SECURITY

As a means of ensuring the orderly settlement of obligations under the Lease Agreement, the Lessor and the Lessee may arrange delivery of bills of exchange, payment of deposit or surety.

The collateral contracted in the Lease Agreement constitutes an essential element of the Lease Agreement. The Lessee is obliged, if any of the provided security means is used or becomes invalid, upon the invitation of the Lessor, within 5 (five) days to deliver new, identical security means. If the Lessee does not act in accordance with the obligation under this paragraph, a breach of the Lease Agreement shall be deemed to be the fault of the Lessee, in which case the Lessor is authorized to terminate the Lease Agreement unilaterally with the occurrence of all legal consequences of premature termination through the fault of the Lessee, with which the Lessee expressly agrees.

Bill of Exchange: As a means of ensuring the orderly settlement of rents, debts, interest, related expenses, as well as all other obligations of the Lessee arising under the Lease Agreement, the Lessor may require the Lessee to deliver registered blank solo bills with the clause “no report” and the clause “without protest” (the number of which is determined by the Lease Agreement), which will The person must sign in the capacity of the promissory note debtor and, if it is a legal person or an entrepreneur, certify the same with the seal of his company if the seal was used to certify the deposit card with a commercial bank, and to which he guarantees To the Lessor for all due obligations under and under the Lease Agreement, and will issue and stamp the Lessor with appropriate exchange powers (one for each issued promissory note), authorizing him to, in case of non-payment of any overdue amount from the Lease Agreement, fill out these bills and take all other actions to collect the receivables.

Deposit: In order to ensure the performance of the Lessee's obligations, the Lessor has the right to demand payment of the deposit. The deposit will be retained interest-free by the Lessor for the duration of the Lease Agreement. In case of using the deposit for settlement of overdue obligations under the Lease Agreement, the Lessee is obliged to immediately pay the difference up to the agreed amount of the deposit. Upon expiration of the Lease Agreement, the deposit will be returned to the Lessee without interest, less any amounts not settled by the Lessee, which he is obliged to pay under the Lease Agreement.

Bail: In order to ensure the performance of the Lessee's obligations, the parties to the Lease Agreement may contract that the Lessee is obliged to provide surety of a legal or natural person. The guarantors have the status of guarantor-payer, i.e. the guarantors are jointly and severally liable to the Lessor for all obligations assumed or arising from and on the basis of the Contract and the General Conditions, including the obligation to compensate for incidental damages due to termination of the contract, which will be calculated in accordance with the contractual provisions.

If the Lease Agreement does not contain any of the above means of security, this article of the General Terms and Conditions shall not apply to the lease in question.

Article 8

DELAY IN FULFILLING OBLIGATIONS

The fulfillment of obligations within the term is an essential element of the Lease Agreement. The Lessee is obliged to notify the Lessor in writing of any potential inability to meet his obligations without delay. For all overdue and outstanding obligations, the Lessor has the right to charge the Lessee and collect the statutory default interest.

In the event that the Lessee is late in the payment of any obligation under the Lease Agreement, both the rent and all other expenses incurred for the collection and/or securing of his claim, the Lessor may leave him an additional period for fulfilling the obligation by sending a reminder to the Lessee to settle the arrears.

If the Lessee does not fulfill its obligations under the Contract even after leaving the additional period for payment from the reminder, the Lessor is authorized to unilaterally terminate the Lease Agreement and demand payment of all overdue rents and expenses as well as the return of the Vehicle, i.e. take actions to return the Vehicle to its country.

In order to settle the debts of the Lessee, the Lessor has the right to activate all the agreed security instruments, for the entire amount of all overdue and unpaid rents and other overdue fees and expenses provided for in the Lease Agreement.

In case of non-payment of the rent, the Lessor has the right to, in accordance with the Contract, immediately pick up the Vehicle in the immediate state.

Article 9

MAINTENANCE OF VEHICLES - SERVICE AND REPAIRS

The Lessor is obliged to provide the service of the Vehicle in accordance with the manufacturer's instructions, so that the Vehicle is safe to drive at all times.

In case of taking the Vehicle for repair to the service so that the Lessee cannot use it for more than 7 days, the Lessor is obliged to provide the Lessee with a replacement Vehicle of the same or similar characteristics as the leased Vehicle and until the repair of the originally leased Vehicle, all in the event that the repair was due to activation of the manufacturer's warranty and according to the terms of the Lease Agreement.

The Lessee is obliged, at his own expense and with the attention of a good host/businessman, to properly maintain the Vehicle, to carry out all necessary repairs and services and to constantly take care of the condition of the Vehicle, in accordance with the conditions and instructions of the manufacturer for maintenance and operation and the conditions set out in the warranty of the Vehicle manufacturer, the Lease Agreement and the General Conditions, and the Lessee is liable for all damages arising from the violation of the above obligation, regardless of whether the Vehicle has been used by himself or by a person authorized by him or by another person to whom he has enabled the use of the Vehicle. If the Lease Agreement has contracted, as an additional service, the Vehicle maintenance service, the Lessee's maintenance obligations will be given priority by the provisions of the Lease Agreement.

Maintenance and repair of the Vehicle may be carried out exclusively in the workshops of the manufacturer or authorized repairers, with the obligatory use of original spare parts.

The Lessee may only with the prior written consent of the Lessor add mechanical means of protection on the Vehicle, install alarm devices and similar protective devices, auto-gas devices or other additional devices and equipment or carry out the conversion of the Vehicle, only if the installation of additional devices or conversion will not affect the loss of the warranty of the Vehicle manufacturer. The installed equipment must not impair the functional or aesthetic value of the Vehicle, nor become part of the property of the Lessee or third parties. The equipment must be so positioned that it can be removed from the Vehicle whenever necessary. The Lessee who acts contrary to the provisions of this paragraph shall bear all costs and damages arising from the loss or reduction of the warranty on the Vehicle, as well as all possible damages that may arise in connection with the unlocking of the Vehicle.

The Lessee is obliged, during the entire validity of the Lease Agreement, to keep in the Vehicle all the necessary equipment, as prescribed by positive laws, and this equipment must be correct and certified, including the triangle, first aid, complete spare equipment for bulbs and fire extinguisher, as provided for by legal regulations. In case of imposing a penalty on the Lessor or the responsible person of the Lessor for defects or malfunctions of this equipment, the Lessee is obliged to compensate the entire penalty.

Documentation relating to the use of the Vehicle, including the traffic permit and other relevant documents, shall be kept by the Lessee with him and not in the Vehicle itself. In the event of damage (e.g. theft), and at the same time the inability to exercise the right to insurance due to lack of documentation, the Lessee is solely responsible for the damage, who is obliged to compensate the Lessor for all the damage caused.

In case of loss of the Vehicle key, as well as loss or confiscation of the traffic license and license plates, the Lessee shall immediately inform the Lessor and the insurance company in writing, no later than within 3 (three) days. All expenses arising from these situations will be reimbursed by the Lessee, and according to the specification of the costs to be made.

Article 10

DAMAGE

In the event of a traffic accident or damage, the Lessee is obliged to act in accordance with the procedures prescribed by the insurance company. The Lessee or the driver authorized by the Lessee is obliged to take all necessary actions and measures in accordance with the terms of the insurance, including the reporting of damage, assessment and liquidation, as well as to take the contact details of all potential witnesses, photograph the scene of the accident and provide a sketch and a detailed report on the circumstances under which the accident occurred, and if necessary fill in as soon as possible the accident report required by the insurance company, and to provide a police record from the scene of the accident with the prior written consent of the Lessor. The Lessee shall, at his own expense, without delay, transport the Vehicle to an authorized service and notify the Lessor in writing of the damage caused. The Lessee will not make statements or negotiate the settlement of damages related to the Vehicle, as this right belongs exclusively to the Lessor.

In case of complete (total) damage to the Vehicle and determination of such damage by the insurance company, the Contract will be terminated on the due date of the first subsequent lease after reporting the damage to the Lessor. The tenant will be obliged to pay the full amount of the rent for the month in which the total damage was reported. The Lessor reserves the right to demand full compensation in case of complete damage to the Vehicle.

In case of theft of the Vehicle, the Lessee is obliged to report the theft to the police without delay, as well as to inform the Lessor about it. In this case, the termination of the Lease Agreement shall take place on the day of receipt of the certificate from the competent police department that the Vehicle has not been found within a reasonable period of time. In this case, the Lessor has the right to charge the Lessee the Rent for the use of the Vehicle until the last day of the calendar month in which he receives confirmation from the competent police station that the Vehicle has not been found.

In case of theft of the Vehicle, the Lessee is obliged to inform the Lessor without delay as well as to submit a report to the police with the prior written consent of the Lessor, to report the occurrence of the insured event of evasion to the insurance company with which the Vehicle is insured, as well as to take all necessary actions and provide all necessary notifications in the procedure. notification, assessment and liquidation of damage, if authorized by the Lessor. The Lessee shall notify the Lessor in writing of the occurrence of the insured event of evasion without delay. In this case, the Lessor has the right to charge the rent until the last day of the calendar month in which the theft of the Vehicle occurred, which is determined on the basis of the submitted documents/certificates, while the Lease Agreement terminates on the day of payment of the full amount of insurance determined in accordance with the calculation of the insurance company.

In the event that the damage suffered for any reason is not compensated from the amount of insurance paid or the insurance company on the basis of the insurance conditions is not obliged to pay the insurance, the Lessee is obliged to pay the Lessor the total damage and reimburse all additional costs, ie to return the Vehicle to its original condition at its own expense, in the authorized for that purpose visa. If the Lessee does not fulfill this obligation, the Lessor will, at the expense of the Lessee, carry out the return of the Vehicle to its original condition, while the costs incurred on this basis will be invoiced to the Lessee within a reasonable time. The amount of damage will be assessed by an expert appointed by the Lessor. The Lessee is obliged to pay the estimated amount of damage and all costs of assessing the amount of damage to the account of the Lessor within 7 (seven) days from the date of issuing the invoice on this basis. The Lessee agrees that for the purpose of compensation for damage, the means of securing payment under the Contract, as well as the amount of the guarantee, may be used.

If the damage is not fully covered by the insurance amount or the insurance company is not obliged to pay the insurance for any reason, the Lessee is obliged to compensate the Lessor for all damage and additional costs, including the return of the Vehicle to its original condition in an authorized service. If the Lessee does not fulfill this obligation, the Lessor will take the necessary steps to return the Vehicle to its original condition, and the Lessee will bear all costs of this procedure. The amount of damage will be assessed by an expert appointed by the Lessor. The Lessee is obliged to pay the estimated amount of damage and all related expenses within 7 (seven) days from the date of receipt of the Lessor's invoice. Means of securing payment from the Lease Agreement, the Lessor may activate to compensate for damage.

Article 11

DURATION AND TERMINATION OF THE CONTRACT

The lease agreement is concluded for a fixed period and ends at the expiration of the term on which it was concluded.

An essential element of the Lease Agreement and the reason for its conclusion is the fulfillment of the Lease Agreement in full scope and duration, since both contracting parties want the Lease Agreement to be fulfilled in full in accordance with the agreed duration and scope.

The Lessor may terminate the Rental Agreement at any time prior to delivery of the Vehicle on the basis of a written notice addressed to the Lessee, in which case it will not be obliged to compensate the Lessee for any damage on this basis, to which the Lessee unconditionally agrees.

The Lease Agreement may terminate before the agreed term, i.e. the Lessor may at any time unilaterally terminate the Lease Agreement without delay and notice period, if the Lessee violates the provisions of the Lease Agreement, and in particular in the case of:

- if the Lessee, contrary to the provisions of Article 1, General Conditions, alienates, pledges, encumbrances the Vehicle, subleases, transfers the right of state or use to third parties, fails to notify the Lessor of the opening of bankruptcy proceedings against the Lessee, as well as any fact or action of any third party in relation to the Vehicle;

- if bankruptcy or liquidation proceedings have been initiated against the Lessee, or if the Lessee for any reason becomes permanently illiquid by blocking business accounts for a period of more than 30 days;

- if the Lessee is late in the payment of rent or other overdue claims under the Lease Agreement and the same, after the reminder, does not fulfill its obligation within the period subsequently left;

- if the Lessee does not take over or refuses to take over the Vehicle within the agreed period, or provides incorrect information about the use or condition of the Vehicle, or does not use and/or maintain the Vehicle in accordance with the Lease Agreement;

- if the Lessee or the Guarantor provides incorrect information about its financial status and/or if due to the above the Lessor would not have concluded the Lease Agreement if it had true data;

- if the contracted security asset under the Lease Agreement becomes invalid or unusable, and the Lessee does not deliver a new, valid, security asset within the allotted period;

- if the Lessee violates his obligation to conclude a vehicle insurance policy, a compulsory vehicle insurance policy;

- if the Vehicle is not used, maintained or serviced in accordance with the terms of the Lease Agreement, the General Conditions and the technical warranty of the manufacturer,

- if the Lessee ceases to have its registered office or residence in Serbia;

- in case of danger or occurrence of extraordinary circumstances that, according to the Lessor's assessment, threaten or delay the fulfillment of the contractual obligations of the Lessee or if the Lessor assesses that the Lessee will not be able to fulfill its contractual obligations;

- in the event of a change of status with the Lessee, about which he did not inform the Lessor in advance and if he does not proceed to the conclusion of the Annex to the Lease Agreement within the period left due to the above;

- if the Lessee grossly violates the obligations and duties established by the provisions of the Lease Agreement and the General Terms and Conditions and does not cease the violations of the Lease Agreement despite a written warning in the additional period left;

- for other reasons specified by law.

In case of termination, or any other premature termination of the Lease Agreement, the Lessor has the right to collect from the Lessee all outstanding and overdue rents, as well as all outstanding claims (court, administrative, lawyer costs, costs of service, maintenance, return of the Vehicle, transportation, etc.), as well as to use for this purpose all received collateral under the Lease Agreement. All obligations under the Lease Agreement must be settled by the Lessee by the date of return of the Vehicle to the Lessor.

After sending the notice of termination of the Contract, the Lessor is authorized to initiate a judicial or other procedure prescribed by law for the return of the Vehicle, if the Lessee does not do so himself and for this purpose takes all necessary legal and factual actions.

In case of seizure of the Vehicle, as well as in case of termination of the Rental Agreement, the Lessee is obliged to provide the Lessor or the person designated by him free access to the place where the Vehicle is located, and not to interfere with the procedure of returning the Vehicle and in this regard waive any claim for compensation for damage on this or any other basis.

In case of premature termination of the Lease Agreement, the Lessee is obliged to compensate the Lessor for all damage suffered by the Lessor as a result of the termination. In particular, the Lessee is obliged to pay the Lessor, in the name of compensation for damages, the amounts of damage that will be calculated in accordance with the provisions of the Lease Agreement. The amount of debt based on rent and damage compensation is due immediately upon receipt of the Notice of Termination and the Lessor has the right to use all available means of securing payment.

The Lessor and the Lessee accept that the model for calculating compensation for early termination of the Lease Agreement constitutes a fair and equitable basis that takes into account the legitimate interests of both contracting parties, such as for the Lessor the purchase value of the Vehicle, shortening of the agreed lease period, loss of value of the Vehicle or the fact that the Vehicle was acquired according to the exclusive and personal preferences of the Lessee, ie that takes into account all previous contributions of the Lessee. In view of the foregoing, the Contracting Parties waive the right to challenge the amount of the fee for early termination of the Lease Agreement established by the previous model.

In any case, the Lessor may claim a proven amount of damage due to the early termination of the Lease Agreement.

Article 12

RETURN OF THE VEHICLE

Upon termination/expiration of the Lease Agreement, the Lessee is obliged to return the Vehicle to the Lessor without delay with all keys and all documentation relating to the Vehicle (e.g. traffic license, list of information, user manual, service booklet, radio code card, etc.) during the regular working hours of the Lessor, at its own expense and risk, with the degree of utilization due to regular, conscientious and habitual use and use.

When returning the Vehicle, an inspection will be carried out to determine the condition to be carried out by the Lessor or a third professional person selected by the Lessor. Upon completion of the inspection, the Lessor and the Lessee will sign the Receipt/Record of Return of the Vehicle, in which the condition of the returned Vehicle will be recorded, such as the number of kilometers traveled, visually noticeable defects, the condition of the set of standard equipment, the number of keys returned, the status of the service book and traffic permits.

In case of detection of damage that is not covered by the insurance policy of the Vehicle, as well as the lack of parts, equipment, the Lessee is obliged to compensate the Lessor the amount so determined that reduces the value of the Vehicle. After return The vehicle must be in running condition, safe to use and in a condition appropriate to its age and contracted mileage.

Otherwise, the Lessee is obliged to compensate the Lessor for all damages that will be assessed by the Lessor or a third professional person at the Lessor's choice and at the expense of the Lessee, and the Lessor is authorized to compensate said damage from the deposit received.

If the Lessee has made certain changes to the Vehicle (additional equipment, improvements, etc.), the Lessee has no right to demand reimbursement of these costs. However, the Lessee may return the Vehicle to the previous condition it had at the conclusion of the Lease Agreement, provided that such removal does not diminish the value or functionality of the Vehicle.

The calculation and compensation for possible additional kilometers will be carried out in the manner specified in the Lease Agreement.

If the Lessee does not return the Vehicle in the agreed manner, the Lessor has the right to arrange the return of the Vehicle and the issuance of new documents and keys at the expense and risk of the Lessee. In such situations, it is considered that the Lessee understands and understands the possible legal consequences of its conduct, including the possibility of filing criminal charges against the responsible persons by the Lessor.

All costs incurred in connection with the return of the Vehicle shall be borne by the Lessee. The Lessor is not responsible for personal belongings that are found in the same at the time of return of the Vehicle, or seizure.

If the Lessee does not return the Vehicle on time, the Lessee will be charged the amount of monthly rent for each day of delay with the return of the Vehicle, divided by the number of days in the respective month, and all in the name of the use and expenses incurred in connection with the delay in returning the Vehicle. In addition to the foregoing, the obligations of the Lessee arising from the Lease Agreement shall continue to apply mutatis mutandis.

Article 13.

REDEMPTION OF THE VEHICLE UPON EXPIRATION OF THE LEASE AGREEMENT

If this is provided for in the Lease Agreement, the Lessor shall grant the Lessee the right to purchase the Vehicle upon finishing/expiry of the Lease Agreement, at the price to be defined by the Lease Agreement.

The Lessee is obliged to notify the Lessor in writing of the intention to repurchase the Vehicle no later than 30 days before the expiry of the Lease Agreement.

Upon receipt of written notification of the intention to redeem the Vehicle, the Lessor shall sell the Vehicle to the Lessee in the manner prescribed by law. All costs, fees and taxes arising from the sale of the Vehicle shall be borne by the Lessee.

After payment of the price for the Vehicle by the Lessee, the Lessor will proceed without delay to the conclusion of the contract of sale and take all other necessary actions to enable the Lessee to register as the owner of the Vehicle.

Article 14.

ADDITIONAL SERVICES

Additional services imply the contracting of ancillary services with the lease of Vehicles whose costs will be previously borne by the Lessor, and which will be reimbursed by the Lessee through monthly fees in a fixed or calculated amount in accordance with the Lease Agreement.

The Lessor may also provide additional services to the Lessee when renting the Vehicle. The terms of the Additional Services will be determined by the Lease Agreement.

Article 15.

PROCESSING OF PERSONAL DATA

The Lessor and the Lessee are obligated to act in accordance with the applicable Personal Data Protection Act of the Republic of Serbia.

The Lessor in the capacity of the controller of personal data, hereby informs the Lessee about the processing of his personal data and the Lessor processes the personal data for the purpose of achieving legitimate goals and within the framework necessary to fulfill the obligations provided by the applicable regulations, contractual obligations, in order to provide services to the user. The lessor uses personal data for the performance of its activities, and in the manner and in accordance with the Personal Data Protection Act. The lessor may provide personal data to individual legal and/or natural persons or state authorities (police, court of general jurisdiction or misdemeanor court). Possible users of the personal data provided by the client to the Bank are regulatory bodies and state bodies to which the Lessor is obliged to provide data in accordance with the law. The Lessor collects and processes personal data in accordance with the law and the voluntary consent of the User.

The data subject has the right to lodge a complaint with the Commissioner for Information of Public Importance and Protection of Personal Data, Bulevar kralja Aleksandra 15, 11120 Belgrade, Phone +381113408900, e-mail: office@poverenik.rs, if he considers that the processing of his personal data has been carried out contrary to the provisions of the Personal Data Protection Act. Submission of a complaint to the Commissioner does not affect the right of this person to initiate other administrative or judicial protection proceedings.

By signing the Rental Agreement, the Lessee confirms that the Lessor, as the operator of personal data, has previously familiarized him with the rules and principles of processing personal data referred to in the previous paragraph of this article, and that he has understood them. On the basis of the above, the Lessee gives voluntary consent that the Lessor may carry out the processing of the Lessee's personal data, in accordance with the Personal Data Protection Act and the applicable regulatory framework.

The Lessor and the Lessee shall, in accordance with the Personal Data Protection Act, if necessary, conclude a Personal Data Processing Agreement.

FINAL PROVISIONS

The Lessee shall, without delay, inform the Lessor by registered mail of any change of the registered office, i.e. residence, residence or postal address of the Lessee, his employer, as well as of the seizure or damage of the Vehicle.

If the Lessee does not fulfill its obligation under the previous paragraph of this Article, any delivery or attempt to deliver to the Lessee to the address for receiving mail (if registered) or registered office, specified in the Rental Agreement, will be considered valid, regardless of whether the Lessee has received the shipment or not, and the day of receipt of the registered shipment will be considered the day of its delivery of the post office.

In the event of a dispute, the jurisdiction of the court in Belgrade is contracted, as the court having jurisdiction over the registered office of the lessor.

The Lessor may transfer his rights and obligations under this contract to a third party, provided that such transfer does not in any way endanger the contractual rights of the Lessee. The Lessee will not have the right to terminate the Lease Agreement, except in the event that his rights and obligations change.

The term of the contract is determined by the Lease Agreement.

On the day of signing the Lease Agreement, of which these General Conditions are an integral part, the Lessee assumes all rights and obligations arising from the Lease Agreement and the General Conditions.

The lease agreement enters into force on the day of its signing by both contracting parties of which the General Terms and Conditions are an integral part.

All amendments to the Lease Agreement shall be drawn up by the parties in writing which is a condition of their validity.

These General Terms and Conditions shall enter into force on the date of adoption.

In Belgrade, on 15 September 2023

BIZ RENT SHARING ECONOMY DOO BELOGRAD

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Zoran Zeljković, Director

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