BEEPZ TERMS AND CONDITIONS

Beepz operates and manages the Beepz web application, mobile applications, or applications on other platforms or devices (collectively, the “Beepz App”).

Beepz acts as a marketplace facilitator, essentially serving as an intermediary between Vehicle Lienholder and Lessees, as further defined herein.

The purpose of the Beepz App is to connect Lienholders and Lessees by allowing for transactions involving the lease of vehicles and the potential transfer of ownership of such vehicles by and between them;

Beepz does not own any Vehicle displayed on the Beepz App. The Lienholders own the vehicles and use the Beepz App to connect with prospective Lessees.

Users who register on the Beepz App acknowledge that they benefit from the Services offered and provided by Beepz. In exchange for those Services, the Users agree to be governed by these Terms and Conditions (the “Agreement”).

TERMS & DEFINITIONS

The following terms, when used in this Agreement, including the above recitals, shall have the meanings set forth below unless the context requires otherwise:

“Agreement” refers to these Beepz Terms and Conditions and includes all amendments, modifications, and supplements made hereto from time to time at Beepz’s sole discretion.

“Confidential Information” means any information which: (a) any Party may identify in writing to the other Parties to be treated as confidential; (b) would be considered confidential by a person exercising reasonable business judgment; (c) includes this Agreement; and (d) includes, but is not limited to the price of the Vehicle, non-public business information, discussions between the Parties, the commissions payable and future plans.

“Lease” shall refer to the lease of the Lienholder’s Vehicle by the Lessee, subject to the terms of this Agreement and the attached Beepz Vehicle Lease-to-Own Agreement (the “Lease Agreement”).

“Lessee” refers to any user of the App who seeks to Lease a vehicle, including but not limited to professional drivers, drivers involved in ride-share applications, on-demand delivery, and other drivers that are required to drive for business or employment purposes.

“Lienholder” refers to any user of the App who owns a vehicle and wishes to lease it, including car dealerships, private car sellers, or any business or individual.

“Parties” refers to the Lessee, the Lienholder, and Beepz, each individually referred to as a “Party.”

“Payment Information” refers to the credit card, debit card, bank account, or other valid methods of payment provided by the Lessee.

“Personal information” refers to each User’s name, address, contact information, payment information, and any other information identified by the User as private or confidential.

“Purchase Price” refers to the total amount payable by the Lessee at the conclusion of the Lease to lawfully purchase and acquire the Vehicle from the Lienholder.

“Transaction” refers to the Lease Transaction between the Lienholder and Lessee, including an option for the Lessee to pay the Purchase Price at the conclusion of the Lease to acquire ownership of the Vehicle.

“Users” refers to any person or entity that uses, downloads, or otherwise applies the Beepz App and to all Parties to any Transaction entered into by those Users.

“Vehicle” refers to the vehicle initially displayed on the App by the Lienholder and the subject of the Transaction.

All terms in this Agreement shall be interpreted as encompassing the singular and the plural. Any reference to gender includes all genders.

APPLICABILITY

By registering, accessing, using, or downloading the Beepz App in any way, all users ('Users') agree and acknowledge that they are parties ('Parties') to this Agreement. The Parties hereby agree to be bound by this Agreement and by the terms of any document referenced herein. The Parties to all transactions shall agree to this Agreement on the Beepz app, which includes an attachment to a lease-to-own contract between a lessor and a lessee. This Agreement supersedes any and all prior terms and conditions.

ELIGIBILITY

To be eligible to use the App, all Users must confirm the following:

• You are at least eighteen (18) years of age;
• You are not prevented from entering into enforceable agreements;
• You authorize to render and receive services in the United States.

Beepz maintains the Beepz App and is responsible for screening and selecting App Users and for ensuring Vehicle displays are sufficiently clear and detailed. Beepz also manages the relationship between Lessees and Lienholders and provides safety measures to protect the Parties. Additional descriptions of the services provided by Beepz are attached to this Agreement as “Exhibit A.” Collectively, these are Beepz’s “Services.” These Terms and Conditions and description of Services may be altered or modified by Beepz at any time for future Transactions or upon Beepz’s written approval of any Party’s request. Beepz publishes the most current version of the Terms and Conditions on the Beepz App. Users are responsible for reviewing the Terms and Conditions periodically to ensure compliance with the latest version thereof. Continued use of, or access to, the Beepz App following the publication of any modifications made to these Terms and Conditions constitutes the User’s acceptance of the modifications. Beepz also recommends Users visit the list of cities and countries serviced by the Beepz App to ensure their place of residence is covered by the App and its Services.

Beepz will use its best efforts to maintain a wide selection of vehicles on the App but cannot guarantee that all Vehicles listed on the App will be available at all times. The Vehicles listed are subject to availability in your area. It may be impossible to consummate a Transaction, in whole or in part, due to vehicle availability. If this is the case, we will promptly advise you, and we will cancel all portions of the Transaction when a Vehicle is unavailable.

Users may receive notices regarding Beepz’ Services and/or their Transaction. Beepz sends such notices by email or via a notification on the App. Each User and Party to any Transaction is responsible for providing their current and valid email address. If the email address provided is invalid, any notice Beepz sends to that email address will nonetheless be deemed effective per this Agreement.

LINKS TO THIRD-PARTY OR WEBSITE

The Beepz App may provide links to third-party websites or applications. Beepz is not affiliated with these third-party service providers. Your use of the third-party website or applications is subject to the third party’s policies and specific terms. The links to third-party websites or applications via the Beepz App are for information and reference purposes only.

EXCLUSIVITY AND PERFORMANCE

Users agree and acknowledge that only Beepz shall have the right to perform the Services with respect to the Vehicle and the Transaction, and no Party to any Transaction shall obtain those Services from any other business entity or individual without prior written consent from Beepz. In the event that another business or individual approaches any Party to perform the Services or any similar services relating to the Vehicle, whether directly or indirectly, the Party shall immediately provide Beepz with all pertinent details of any such approach.

Beepz shall perform the Services under this Agreement using commercially reasonable standards.

USER REGISTRATION ON THE BEEPZ APP

Registration on the Beepz App requires the User to provide Personal Information. As Parties to this Agreement, Users must agree to provide Personal Information that is complete, true, and accurate. Users agree to update their Personal Information immediately whenever the information changes.

Users agree that registration on the Beepz App is for a single individual or business entity and may not be used by anyone else. Each User shall be responsible for maintaining the confidentiality of its username and password and shall be responsible for all activities that occur under the User’s username and password, whether or not authorized by the User.

Users agree to change their password immediately if they know or suspect that their password has been compromised or used without authorization. Users agree to immediately inform Beepz of any known or suspected breaches of security, including unauthorized disclosure or use of the User’s username or password.

Users are responsible for all acts and omissions relating to their use of the Beepz App and the consummation of any Transaction. Users agree not to engage in unacceptable use of the Beepz App, which includes, but is not limited to, using the App to:

• Violate any applicable laws and regulations;
• solicit others to perform or participate in any unlawful acts;
• Impersonate any person or entity, or misrepresent your affiliation with a person or entity;
• Violate the privacy of others or collecting information on their behalf without the required consent;
• Interfere with servers or networks connected to the Beepz App or its features;
• Gain unauthorized access to an account or network by hacking or using other illicit means; and
• Engage in any conduct that violates these Terms and Conditions or may give rise to liability.

Anti-Tampering Clause

Tampering with the Magicswitch

Any unauthorized interference, alteration, or tampering with the Magicswitch/ killswitch device is strictly prohibited. Engaging in such actions will be considered a felony under applicable laws. Beepz reserves the right to press charges immediately against any individual or entity that violates this provision. Sellers, Buyers, and any third parties are hereby put on notice of this policy and the serious consequences of any violation.

All Registered Users are automatically enrolled in the referral program for bringing sellers to Beepz. This program provides a reward of $1,500 per referred seller, plus $100 for each vehicle that the referred seller lists on the platform. Both the $1,500 seller referral reward and the $100 per vehicle reward will be paid to the referrer upon receipt of the second weekly payment made by the lessee.

This referral program, including the reward amounts of $1,500 and $100, may be modified or canceled at any time at Beepz’s sole discretion without prior notice. In cases of fraud or misconduct by a referrer, all ongoing and active referrals associated with that referrer will be immediately terminated, and no further rewards will be payable.

The Lienholder may not cancel any Lease Agreement except within forty-eight (48) hours after signing the Lease. If the Lienholder cancels a Lease within forty-eight (48) hours after signing the Lease Agreement, the Lienholder shall pay the penalty in the amount of twenty-five dollars ($ 25.00).

The Lienholder may not cancel the Lease Agreement after the Vehicle registration is transferred to the Lessee by the Department of Motor Vehicles. The Lease Agreement may not be canceled by the Lienholder after the Parties’ initial meeting at the vehicle registration office.

The Lienholder acknowledges that under the terms of the Lease, the Lessee is permitted to drive the Vehicle for up to 3,600 miles per month during the Lease Term. Should the Lessee exceed this mileage cap, Beepz reserves the right to adjust the weekly payment amount.

Before any payment augmentation is implemented, Beepz will communicate the proposed new payment amount to the Lessee. The Lessee will then have the option to either accept the adjusted payment amount or terminate the Lease by returning the Vehicle to its Lienholder, pursuant to the Terms of this Agreement.

This policy ensures that vehicle usage remains within the agreed terms, providing the Lessee to provide a fair compensation to the Lienholder for additional wear and tear on the Vehicle. However, Beepz shall not be held responsible or liable to compensate the Lienholder for any depreciation, damage, or loss in vehicle value resulting from the Lessee exceeding the authorized mileage. This includes, without limitation:

• Increased wear and tear on the vehicle;
• Reduction in resale or trade-in value;
• Diminished marketability due to excessive mileage.

The Lienholder agrees that no claim shall be made against Beepz in relation to any mileage overages, and Beepz shall not reimburse or provide any form of mileage-related adjustment, refund, or credit.

The Seller acknowledges and understands that upon completion of the transaction facilitated by Beepz, they will be added as a lien holder on the Buyer's insurance policy. As the lien holder, the Seller may possess certain rights to be compensated first in the event of an insurance claim, as per the insurance policy's terms and conditions. The Seller agrees to familiarize themselves with the implications and responsibilities associated with this status and to act in accordance with all relevant laws and regulations.

Lienholder Insurance Responsibility and Waiver of Liability:

The Lienholder acknowledges and agrees that it is solely responsible for monitoring and ensuring that the Lessee maintains valid and active vehicle insurance coverage at all times. This includes, but is not limited to:

1. Promptly notifying Beepz in writing of any insurance cancellation notices received by mail or any other means;
2. Actively requesting and collecting periodic proof of valid insurance from the Lessee to ensure compliance.

Beepz agrees to perform a good-faith insurance verification on a monthly basis. However, Beepz shall not be held liable under any circumstance for any failure by the Lessee to maintain valid insurance, for any lapse in coverage, or for any damages, liabilities, or losses arising from an uninsured or underinsured event.

The Lienholder expressly waives any and all rights to pursue or demand reimbursement, compensation, or claims against Beepz in the event:

• The Lessee’s insurance is canceled or lapses;
• The Lessee fails to secure or maintain the required coverage;
• An insurance claim is denied, delayed, or only partially paid;
• Any incident, accident, or damage occurs while the vehicle is uninsured or underinsured.

In no event shall Beepz be responsible for covering any damages, losses, or liabilities related to vehicle insurance, regardless of the cause or circumstances. The Lienholder accepts full responsibility and risk in such cases and agrees to hold Beepz harmless from any related consequences or claims.

Payment Information Provided by Lessee

The Lessee agrees to honor all charges and fees in connection with this Agreement, the Lease, the Purchase Price, the Services, and the Vehicle. To enter into the Lease and to purchase Beepz’ Services, the Lessee shall provide current, accurate, and valid Payment Information. The Lessee acknowledges and agrees that the Lessee’s Payment Information shall remain on file to cover all recurring and future payments. Lessee shall notify Beepz immediately of any changes to the Payment Information or if Lessee suspects that the Payment Information has been compromised by a data breach or unauthorized use.

The Lessee represents and warrants that the Lessee is authorized to use the Payment Information provided. If Lessee’s Payment Information is invalid or if payment is declined for any reason, Beepz may cancel the Lease, terminate the Transaction, and/or refuse to provide Services.

Lease Payments

Lessee agrees to make Lease payments weekly during the Term of the Lease. All payments are final, with no refunds or reimbursements available unless Beepz authorizes a refund for a particular and exceptional situation. Payments toward a specific Transaction do not entitle the Lessee to any alternate Transaction or any type of exchange.

At any time, the Lessee may request to modify the amount of the weekly lease payments. The Lienholder has no obligation to agree to the modification of payment terms. If the Lienholder agrees to modify the amount of the weekly payments, then the length of the Lease and the final Purchase Price will be adjusted accordingly. The weekly payment amount may only be modified one time during the Term of the Lease.

The final weekly Lease payment includes the option for the Lessee to purchase the Vehicle for a Purchase Price of One (1) Dollar. The final weekly payment also includes Beepz’s fees and any fees payable to the Department of Motor Vehicles for the transfer of title. When Lessee makes the final weekly payment in full, the Lienholder shall transfer ownership of the Vehicle to Lessee.

Commissions and Service Fees

The Parties acknowledge that Beepz is entitled to commissions and fees for Services under this Agreement. The percentage of service fees, commissions, and other fees payable to Beepz is detailed in “Exhibit B” of this Agreement. Service fees and commissions charged by Beepz may change at any time for future Transactions. Users shall be notified in writing of any future changes to Beepz fees or fee structure.

In the event that a Lease Agreement is canceled or terminated by either Party, any fees charged by Beepz, and all payment processing fees, shall be final and nonrefundable.

Initial Startup Fee for Vehicles

Pursuant to the terms of Exhibit B, the Lessee shall pay a Startup Fee of $549 (the “Fee”). This Fee is a flat, non-refundable amount and is not considered a deposit. The Fee is final and non-refundable, regardless of whether the Transaction is completed or canceled pursuant to the terms of this Agreement. If the Lessee breaches this Agreement or fails to complete the Transaction without paying the Lease payments on time and the Purchase Price in full, the Fee shall not be returned.

If the Vehicle is repossessed by the Lienholder or by Beepz, the Fee shall not be applied toward the payment of repossession fees and costs. The Startup Fee made by the Lessee is a separate, non-refundable charge and shall not be deducted from any money owed to Beepz or the Seller under this Agreement.

Payment Processor

Users acknowledge that all payments shall be handled through Stripe, Beepz’s third-party payment processor. To ensure Beepz is able to receive and remit payments as applicable and as needed, Users will need to hold a proper and current Stripe account. Users agree and acknowledge that Beepz is not under any obligation to process a Transaction or pay Users who do not possess a valid Stripe account. As a condition to partake in any Transaction, each User authorizes Beepz to create a “Stripe Account” on the User’s behalf and authorizes Beepz to initiate payments, debits, and credits from the Stripe Account to facilitate the Transaction. The Parties acknowledge that their Stripe account will be subject to the terms, conditions, and specifications set forth by Stripe, which are available for review on Stripe’s website. Beepz is not otherwise affiliated with Stripe. Users agree and acknowledge that Beepz shall not be responsible for any issues, liabilities, claims, actions, proceedings, investigations, or lawsuits in connection with their Stripe Account.

Users are responsible for ensuring their Stripe account holds sufficient and available funds to honor payments due to Beepz or relating to any Transaction. The Parties to any Transaction authorize Beepz to initiate electronic debit or credit entries in their Stripe accounts without requiring any further consent. Beepz shall comply with the terms of all Transactions with respect to amounts withdrawn, the withdrawal dates, and the frequency of withdrawals.

Users agree to promptly advise Beepz in writing of any possible compromise to their Stripe account. This will allow Beepz to update the account information and prevent unauthorized transactions. If Users do not advise Beepz of any issues involving their Stripe account, the account will be deemed valid and current, and Beepz will not be responsible for any payments issued or withheld in connection with that Stripe account.

Each Party to any Transaction explicitly confirms having read and understood this Agreement and authorizes Beepz to withdraw and deposit funds in their Stripe in accordance with the terms of their Transaction.

Taxes and Fees

The Lessee is responsible for payment of all applicable sales taxes and vehicle registration fees related to the Transaction. The Lessee agrees to pay such taxes and fees to Beepz, who shall transmit the tax and fee amount to the relevant authorities located in the Lessee’s state of residence.

Payment Plan Options

The Lessee may modify the Payment Plan at any time by choosing one of the following options:

Cash Boost:

The Lessee may choose the “Cash Boost” payment option to make future Lease payments in advance, thereby reducing the number of weekly payments. This option allows the Lessee to shorten the time before which the final Purchase Price is paid.

Week Pass:

The Lessee may choose the “Week Pass” payment option to delay a weekly payment under the Payment Plan. The Week Pass option may not be used for the first time until week four (4) when the fourth weekly lease payment is due. The Week Pass option may not be used more than three (3) times during the term of the Lease and may not be used in any two (2) consecutive weeks. The Lessee shall pay an administrative fee of sixty dollars ($ 60.00) each time the Week Pass option is used.

If the Lessee uses the Week Pass option three (3) times and is unable to pay for the Vehicle, the Lessee must return the Vehicle to the address designated by the Lienholder. The Lessee is responsible for cleaning the Vehicle prior to its return. The Vehicle must be returned to the Lienholder in the same condition as when originally transferred to the Lessee. If the Lessee fails to return the Vehicle in the condition specified in this Agreement, the Lessee forfeits the initial Deposit and is subject to fees and costs as specified in this Agreement.

Payment Due Date and Grace Period

Beepz payments must be made punctually every week on the designated due date. However, Beepz allows for a 24-hour grace period following the due date. This grace period will be visibly indicated with a countdown, which will reach zero at midnight. If the Lessee allows the countdown to reach zero, the vehicle will automatically enter the repossession process.To reinstate the account, the Lessee must make a payment before the repossession process is initiated. A reinstatement fee of $10 per late day will apply.

The Lessee has the option to request an extension of the grace period directly from the App messenger chat to the designated Seller for emergencies. It is important to note that the Seller is not obligated to agree to the extension request. During the countdown period, the Lessee will not be subject to the reinstatement fee.

Payment Authorization for Outstanding Balances

The User, including but not limited to Lessees, Lessors, and Lienholders, acknowledges and agrees that all amounts owed to Beepz, whether arising from vehicle lease payments, purchase payments, fees, charges, fines, or any other contractual obligations, must be paid in full in accordance with the terms of the applicable agreement.

By agreeing to these Terms and Conditions, the User expressly authorizes Beepz to take any of the following actions, at its sole discretion, to settle any outstanding balances:

• Charge the Card on File – Beepz may charge any stored payment method on file, including credit cards, debit cards, or other linked payment methods, to cover any outstanding amounts owed, including but not limited to delayed payments, fines, invoices, or fees.
• Deduct from Payouts – For Lienholders or Lessors receiving payouts from sales or other transactions facilitated by Beepz, Beepz may deduct any amounts owed before disbursing the remaining funds.
• Deduct from Insurance Claim Reimbursements – For Lessees, Lessors, or Lienholders receiving insurance claim reimbursements processed through or by Beepz, Beepz may deduct any outstanding balances from such reimbursements prior to disbursement.
• Retain and Apply Other Payments – Beepz reserves the right to retain and apply any onboarding fees, down payments, or other amounts paid by the User in connection with a subsequent vehicle lease, purchase, or onboarding process toward the outstanding balance. Such application of funds shall not be deemed a waiver of Beepz’s right to pursue collection of any remaining balance.

Beepz further reserves the right to suspend, delay, or cancel any onboarding, lease, or purchase transaction until all outstanding balances have been paid in full, and to pursue collection of any remaining amounts through any lawful means, including but not limited to account immobilization, repossession of leased vehicles, legal action, or referral to a collections agency.

The User understands and agrees that any enforcement action by Beepz shall not relieve them of their obligation to pay the full balance owed, plus any applicable late fees, collection costs, legal fees, or other charges permitted under applicable law.

Invoice and Automatic Payment Enforcement

All users will receive an invoice via Stripe for any outstanding balances. Users are provided a 30-day period to self-pay this invoice. If the invoice is not settled within this period, Beepz will enforce payment by automatically utilizing one or more of the aforementioned methods—charging the stored payment method, deducting from payouts, or intercepting insurance claim reimbursements—to cover the unpaid balance.

Dispute Resolution

Users agree to address any disputes regarding charges or deductions directly with Beepz. Concerns should be communicated promptly via email to [email protected]. Beepz is committed to investigating and resolving all disputes swiftly and equitably.

Prohibition of Bank Disputes

Users acknowledge that all charges and deductions made by Beepz under these terms are considered authorized transactions. Users agree not to dispute these charges with their banks or other financial institutions. Initiating a bank dispute on such charges constitutes a breach of this agreement and may lead to additional actions by Beepz.

By continuing to use Beepz services, users confirm their understanding and acceptance of these payment measures as essential conditions of their participation in Beepz transactions and services. Users are reminded to keep their payment methods and contact information current to ensure efficient and accurate financial processing. Failure to maintain updated information may result in service disruptions.

Set-Off and Application of Funds

In the event that the User has any outstanding balance or indebtedness to Beepz, including but not limited to amounts arising from a prior vehicle lease or purchase, Beepz reserves the right, at its sole discretion, to retain any onboarding fees, down payments, or other amounts paid by the User in connection with a subsequent vehicle lease, purchase, or onboarding process, and to apply such amounts toward the outstanding balance. Any such application of funds shall not be deemed a waiver of Beepz’s right to pursue collection of any remaining balance, and Beepz shall not be obligated to refund any portion of the amounts retained. Beepz further reserves the right to delay, suspend, or cancel any new transaction or onboarding until all outstanding balances have been paid in full.

Information Provided

Users understand that they will provide Personal Information to use the Beepz App, to enter into Transactions, and to benefit from Beepz’s Services. Beepz shall use its best efforts to safeguard all Personal Information provided by Users. Beepz shall not disclose Personal Information except to employees and affiliates who have a need to know and for purposes of executing the obligations set forth in this Agreement. Personal Information is used to communicate with Users, to assess User preferences, to operate and improve Beepz’ Services, and for payment purposes. Beepz will not use Personal Information for any purpose other than the purposes set forth in this Agreement.

Screening

Beepz undertakes to thoroughly and carefully screen all Users in an effort to prevent fraud or other unlawful behavior. While Beepz shall use its best efforts to screen and select Users, Beepz is not responsible for the conduct of any User of the App.

Maintenance of Records

Beepz agrees to keep and maintain written records of all Services made during the term of this Agreement. The records shall be in the form of electronic files, reports, or any other format that is customary in the industry or as otherwise specified by Beepz. Such records are and remain the sole property of Beepz but may be delivered to the User upon request and only with respect to the Transaction in which they are involved.

LIENHOLER’S OBLIGATION

The Lienholder is responsible for uploading photos and information regarding Vehicles that are available for Lease. The Lienholder shall ensure the Vehicles posted and published on the Beepz App by the Lienholder are available and in good working condition.

The Lienholder agrees to promptly and thoroughly respond to inquiries regarding the Vehicle(s) posted on the App. The Lienholder shall provide accurate information to Lessees regarding the Vehicle and the Lease terms. Upon request, the Lienholder shall schedule meetings and information sessions with Lessees.

The Lienholder shall determine the value of the Vehicle and shall negotiate in good faith with the Lessees to determine mutually acceptable pricing. The Lienholder has sole discretion to approve or decline offers presented by Lessees.

When the terms of a Lease are agreed upon by the Lienholder and Lessee, the Lienholder shall execute all documentation necessary for the Transaction. The Lienholder will pay to have a Killswitch installed prior to the transfer of the Vehicle to the Lessee.

Beepz facilitates the platform by providing lessees who meet minimal requirements, including proof of identification. Additionally, Beepz ensures that lessees have submitted either proof of income or evidence of an active or initiating venture with a rideshare or on-demand delivery account.

However, the Lienholder retains full responsibility for selecting and approving the right lessee for their vehicle. The Lienholder is required to communicate with potential lessees and make their own assessment to ensure a suitable match. Beepz does not participate in or take responsibility for the selection process.

The Lienholder agrees to hold Beepz harmless in the event of lessee default or if the lessee is deemed unsuitable for any reason. Beepz assumes no liability for any issues arising from the Lienholder’s choice of lessee.

The Lienholder agrees to retain at least one functional remote or key for each Vehicle throughout the duration of the Lease Term. This remote or key shall be kept available for the purpose of facilitating vehicle returns or repossession in the event of Lessee default, non-payment, or termination of the Lease. The Lienholder acknowledges that failure to retain a remote or key may delay repossession activities, and Beepz shall bear no responsibility or liability for any resulting delays, costs, or damages.

Major Engine Failure

If the Vehicle experiences any major engine failure within 6 weeks after the start of the Lease, and the engine failure is no fault of the Lessee, then the Lessee may return the Vehicle without any penalty or fees and receive the full return of the initial onboarding fee

Car Accidents

The Lessee is responsible for any damage to the Vehicle resulting from a car accident. The costs to repair damage to the Vehicle may include parts, labor, taxes, and fees incurred. These costs may be paid via Lessee’s automobile insurance policy. Lessee additionally authorizes Beepz to deduct these costs from any payment made by the Lessee. The costs will also be added to the final Purchase Price until paid. Lessee acknowledges that Beepz is further authorized, without requiring any additional consent, to charge such costs to the payment method in the Lessee’s file. Lessee agrees to hold Beepz and Lienholder harmless from any liability, actions, or expenses related to car accidents. In the event that the Vehicle is declared a total loss by the insurance company due to an accident or any other covered event, the Lienholder shall have the option to accept the compensation provided by the insurance company or negotiate directly with the insurance company for a higher amount, if desired.

If the Seller chooses to accept the compensation provided by the insurance company, the amount received shall be applied towards any outstanding amounts owed under this Agreement, including but not limited to any remaining balance on the Purchase Price, unpaid weekly payments, or other charges incurred by the Lessee.

Upon acceptance of the insurance compensation by the Seller, Beepz shall not owe anything further to the Seller in relation to the total loss of the Vehicle. In the event that the Vehicle is declared a total loss due to an accident or any other covered event, and the Buyer (Lessee) does not have insurance coverage or fails to have adequate insurance coverage, Beepz shall provide coverage to the Seller (The Lienholder) based on the choice of coverage made under the Beepz Seller Theft & Damage Protection.

Depending on the coverage option selected by the Seller under the Beepz Seller Theft & Damage Protection, Beepz shall provide compensation to the Seller in accordance with the terms and conditions of the selected coverage.

Upon receipt of compensation from Beepz, any outstanding amounts owed under this Agreement shall be settled, including but not limited to any remaining balance on the Purchase Price, unpaid weekly payments, or other charges incurred by the Lessee.

Traffic Tickets

The Lessee is responsible for all traffic citations and parking tickets issued upon the Vehicle or the driver of the Vehicle during the Term of the Lease. The Lessee expressly authorizes Beepz to charge any stored payment method on file for the full amount of any parking tickets or violations incurred during the term of the lease. No prior notice or consent shall be required for such charges. The Lessee waives any right to dispute these charges as long as the ticket or violation occurred while the vehicle was in their possession.

Towing & Impoundment

The Lessee is responsible for any and all towing and/or impoundment charges during the Term of the Lease and for the cost to repair any damage to the Vehicle which may result from towing. Failure of the Lessee to retrieve an impounded vehicle is a breach of the Lease Agreement. Any costs paid by Lienholder to recover or repair a towed Vehicle shall be reimbursed by the Lessee.

Beepz shall not be responsible for covering any tow yard or impound fees incurred in connection with a Vehicle leased through the Beepz platform. In the event that a Vehicle is towed or impounded, the Lessee shall be solely responsible for paying all related costs, fees, and charges in full. If the Lessee is unable or unwilling to cover such costs, the Lienholder assumes responsibility for payment in order to recover the Vehicle. Beepz shall bear no liability or obligation to reimburse the Lienholder or Lessee for any tow yard, impound, or related expenses under any circumstance.

INTELLECTUAL PROPERTY

Some trademarks, copyrights, or other Intellectual Property may be published on the Beepz App. Beepz owns or secured the required consents to publish such Intellectual Property. Intellectual Property displayed on the Beepz App may be protected by intellectual property laws. All rights relating thereto are reserved by their owners. Users are authorized to copy and print parts of the Beepz App solely for personal, non-commercial use and reference purposes or for the purpose of using Beepz Services or entering into a Transaction. Any other use of the content protected by copyright laws is strictly prohibited. Beepz does not authorize the reproduction, modification, or transmission of intellectual property on the Beepz App to any third party without prior specific written consent.

NOTICES

All notices, consents, waivers, and other communications under this Agreement shall be in writing and delivered through the Beepz App, by registered mail, or by email with a confirmation of receipt to the Parties at their respective addresses recorded in their Personal Information.

CURRENCY

Unless otherwise indicated, the dollar amounts referenced in this Agreement are United States Dollars (USD).

ASSIGNMENT

No User, Lessee, or Lienholder may assign all or part of their rights and obligations under this Agreement or any resulting Lease Agreement without Beepz’s prior written consent.

SUCCESSORS

This Agreement and any resulting Lease Agreement shall be binding upon the Parties and their respective successors and assigns.

ENTIRE AGREEMENT

This Agreement, including the Exhibits, constitutes the entire agreement between Beepz, Users of the Beepz App, and Parties to Transactions as it pertains to the subject matter hereof and supersedes all prior agreements and discussions between the Parties. Users shall not be bound by any terms other than the ones contained in Beepz Terms and Conditions and any resulting Lease Agreement. Any notifications on the Beepz App shall not prevail over these Agreements. In case of a discrepancy between those Agreements and information provided on the Beepz App or elsewhere, Beepz Terms and Conditions and any Lease Agreement shall control and prevail.

GOVERNING LAW

This Agreement shall be governed by interpreted, and construed in accordance with the laws presently in force in the State of California.

JURISDICTION AND VENUE

In the event of any dispute arising out of or relating to this Agreement or any Transaction, the Parties shall use reasonable efforts to settle the dispute by reasonable and amicable negotiations. If the dispute is not settled promptly through negotiation within thirty (30) days, the dispute may be referred to the appropriate court of jurisdiction in San Diego, California.

Alternatively, Beepz or any Party may proceed to arbitration or mediation by written notice (the “Arbitration Notice”) to the other Parties describing the reasons for the dispute and reasonable details to support the dispute. Upon receipt of an Arbitration Notice, the dispute shall be referred to and resolved by an arbitrator or mediator in San Diego, California, instead of the court. The arbitration or mediation award shall be made in writing, and the arbitrator or mediator shall be instructed to conduct the arbitration or mediation in a fast and expeditious manner unless the subject matter of the dispute requires otherwise. Every arbitration decision is final and binding on the Parties, not subject to appeal.

SEVERABILITY

Any provision of this Agreement which is or becomes invalid or unenforceable shall be severed and shall not affect or impair the remaining provisions herein.

WAIVERS

If Beepz does not insist upon the performance of any provision or obligation set forth in these Terms and Conditions, this will not operate as a waiver of Beepz’ rights and will not relieve Users of their obligations under these Terms and Conditions. Further, if Beepz delays exercising any right under these Terms and Conditions, delay does not constitute a waiver of that right.

FORCE MAJEURE EVENTS

Force Majeure events are unforeseeable situations beyond reasonable control, including, but not limited to, wars, government acts, fires, natural disasters, failure of a telecommunications network, or other natural disasters. Beepz is not responsible for any failure to perform its obligations for the duration of a Force Majeure event. More specifically, Beepz obligations and Services will resume upon the termination of the Force Majeure event. If the Force Majeure event lasts more than seven (7) consecutive days, Beepz may terminate Services without any liability.

SERVICE CONTINUITY

In the event that Beepz goes out of business or ceases to operate, Beepz commits to taking the following steps to ensure service continuity for existing sellers:

1. Notification: Beepz will promptly inform all sellers and buyers of the impending closure or cessation of operations, providing them with sufficient time to make necessary arrangements and plan for the transition.
2. Data sharing: Beepz will provide sellers with the contact information of their respective buyers, and vice versa, to enable direct communication between the two parties. This will be done in compliance with data privacy regulations and with the consent of all involved parties.
3. Guidance and support: Beepz will offer guidance and support to sellers during the transition period, helping them understand the implications of the closure and how to manage their relationships with buyers moving forward. This may include providing resources and templates for communication, invoicing, and payment processing. Additionally, Beepz will provide detailed guidance on the Magicswitch, including geolocalisation and turning the engine on and off, to ensure sellers are fully equipped to handle their transactions without the platform.
4. Transaction continuity: Buyers will be required to connect with sellers to continue their relationship and remit payments directly to the sellers, ensuring a seamless transition of financial obligations. Beepz will provide guidance on alternative payment processing options and may recommend trusted third-party platforms for this purpose.
5. Dispute resolution: Beepz will establish a process to address any disputes or issues that may arise during the transition period, ensuring that all parties have a clear path to resolution and are treated fairly.

By implementing these measures, Beepz aims to maintain trust and protect the interests of all parties involved in ongoing transactions, despite any unforeseen circumstances that may affect the company's operations.

NON-DISCRIMINATION CLAUSE

Commitment to Equal Treatment

1. Principle of Non-Discrimination: Beepz is firmly committed to providing equal access and opportunities to all users, without regard to race, color, religion, creed, sex, gender identity, sexual orientation, national origin, ancestry, age, physical or mental disability, medical condition, marital status, or any other prohibited basis. We believe in treating everyone with respect and fairness.
2. User Conduct: All users of Beepz, whether sellers or buyers are expected to adhere to this principle of non-discrimination. Any actions, comments, or behaviors that are discriminatory or promote discrimination will not be tolerated and may result in suspension or termination of the user's account, at Beepz's sole discretion.
3. Reporting and Redressal: Users who believe they have been subjected to discriminatory behavior on the Beepz platform are encouraged to report the incident to Beepz customer support. All reports will be reviewed with the utmost seriousness, confidentiality, and promptness. Beepz reserves the right to take any appropriate action based on the outcome of the investigation.
4. Continuous Improvement: Beepz strives to create an inclusive platform and will continuously assess and improve our policies, practices, and features to promote fairness, diversity, and inclusion.

Authorization for Vehicle Retrieval Tracking

Consent to Use Tracking Methods

In the event of payment default, the buyer expressly authorizes Beepz to employ any and all means of tracking to ascertain the whereabouts of the vehicle. This includes, but is not limited to, the use of GPS tracking devices installed on the vehicle, triangulating the location using the buyer's mobile phone, or any other technological methods designed to aid in the recovery of the vehicle. The buyer understands and accepts that these measures are solely for the purpose of ensuring the safe retrieval of the vehicle and agrees not to obstruct or interfere with such tracking efforts.