Terms & Conditions

GENERAL TERMS AND CONDITIONS FOR “MIA” ELECTRIC VEHICLE – RESERVATIONS AND RIGHT OF CANCELLATION

of

Fox Automotive Switzerland AG
St. Gallerstrasse 49
9100 Herisau Switzerland

(FOX)

The General Terms & Conditions for “MIA” EV – Reservations (herein- after “GTC-MIA”) apply to all reservations of vehicles of Fox Automotive Switzerland AG, St. Gallerstrasse 49, CH-9100 Herisau, Switzerland
(Phone: +41 79 414 38 26, Email: info@fox-automotive.ch)

1. Agreement

a. The display of reservation-options on FOX website does not constitute a legally binding offer, but an invitation to treat.

b. When a reservation is placed over FOX website, the contract will be concluded once (i) the ordering process on the website is followed through and the order is confirmed by the client, by activating the buttons labelled “Place a Binding “MIA” Preorder Now”, “Reserve Now “, “Pay Now” or “Continue to Pay” and (ii) FOX accepts the order, via email, and, if the client has chosen payment by

b.i. SEPA Credit Transfer (see clause 6.2.i below), FOX has advised the client to make payment of the agreed amount;

b.ii. Credit Card (see clause 6.2.ii below), the client’s credit card has been charged with the agreed amount;

b.iii. PayPal (see clause 6.2.iii below), the client’s payment is con- firmed by PayPal (Pay- Pal Europe) S.à.r.l. et Cie, S.C.A., or one of its affiliated companies;

b.iv. Giropay (see clause 6.2.iv below), the client’s payment is con- firmed by Giropay GmbH, or one of its affiliated companies; or

b.v. SOFORT-Transfer (see clause 6.2.v below), the client’s payment is confirmed by SOFORT AG, or one of its affiliated companies.

c. In addition, Fox will confirm receipt of the order over the website, via email. For clarification, this conformation-email does not constitute an acceptance of an order, unless explicitly specified therein.

d. Further, FOX will provide a copy of all contractual documents to the client, including a copy of the order, as well as a copy of these “GTC-MIA”, via email; these documents need to be stored, permanently, by the client.

e. For reservation via means other than FOX website, the contract will be concluded, according to statutory provisions, by offer and offer-acceptance.

2. Purpose

a. The purpose of this agreement is the reservation of a “MIA” electric vehicle, manufactured and offered by FOX, as defined and specified during the reservation-process. By placing a reservation, the client is acquiring the right to purchase a “MIA” electric vehicle, as set out in clause 4 of this agreement. The price paid for the reservation will be credited, in full, to the purchase price of the “MIA” vehicle.

b. Through the reservation-process, there shall be no entitlement to the delivery of a “MIA” vehicle.

c. The reservation is made for entering into a subsequent sales/purchase agreement, for the “MIA” electric vehicle, as indicated in the order. Any amounts paid for the reservation can only be returned, in case of a withdrawal, under clause 7, or a rescission under clause 8.

3. Test-Drives

a. FOX will, at its own discretion, offer test-drives at its production facility in Hungary. If test- drives are offered, FOX can propose several timeslots or a timeframe, for the test drives. The client or participant may choose a timeslot within this timeframe, unless that appointment has already been assigned to another customer.

b. FOX may, at its own discretion, offer test drives in other or further countries. FOX will try to offer test-drives in all countries, provided there are sufficient reservations in these countries.

c. Participation in a test-drive requires that the driver holds a valid European and/or International driver’s license, for a class B vehicle, including former class 3 driving licenses and foreign driving licenses that are valid in Europe, or a corresponding driving license that is valid at the location of the test drive. Licenses are to be shown to the test-drive representatives of FOX, at the time of the test-drive.

d. The client is responsible for making travel and accommodation arrangements, at her own expense, to the venue of the test-drive.

4. Sales Contract

a. At an appropriate point in time, FOX will offer the client the reserved “MIA” electric vehicle for full purchase.

b. The purchase price for the vehicle (including battery) will be 13.000 Euro for the standard “MIA” version. FOX may, at its own choosing, offer extras at a higher retail price. The price of the reservation will be credited, in full, towards the retail price of the chosen “MIA” vehicle.

c. The cost of delivering the vehicles to a place other than the standard place of delivery will not be included in the purchase price of 13,000 Euros. At the time of reservation, FOX assumes that the standard place of delivery will be Komaron, Hungary. FOX will clearly state the standard place of delivery for the “MIA” in the sales contract. FOX may, at its own choosing, offer to deliver the vehicles to other locations than the standard place of delivery in Europe. In that case, this service will be provided in exchange for an additional payment, whereas the customer will be responsible for any taxes or duties, according to clause 5.c.

d. For the sales contract of the vehicle, the statutory warranty period of two years shall apply, and clauses 9 to 10 will be applicable, mu- tatis mutandis.

5. Prices; Taxes

a. The prices shown on the website include the applicable Swiss Value-Added Tax (VAT), as well as other applicable Swiss consumer taxes.

b. If the client transports the vehicle to another country, within or outside of the European Union, the client will be responsible for all duties, taxes and/or levies, resulting therefrom. Upon exportation, the client may have the right to reclaim the Swiss VAT, from the Swiss tax/revenue’s authorities.

c. In case that FOX offers a delivery point outside of Europe, alternative consumer taxes may apply. In this case, the sales contract, offered by FOX, will display a higher or lower purchase price, depending on these new consumer taxes and/or duties; in case a lower price shall apply, FOX will refund the difference.

6. Payment-terms and -methods

a. The price for the reservation and acquisition of the rights, set out in clause 2, are due immediately, i. e. upon conclusion of the reservation process.

b. FOX offers the following payment methods:

b.i. SEPA Credit Transfer: Transfer of funds via bank account transfer, from the Single Euro Payments Area (SEPA), to the bank account indicated in the order confirmation. If this option is employed, for making the payment, from a bank account outside of the SEPA, the payer shall be liable for all resulting banking fees and/or other charges. To ensure that the full amount is credited to FOX.

b.ii. Credit Card: Transfer of funds via VISA or Mastercard. If this option is employed for making the payment, the client’s credit card will be charged at the end of the ordering process. FOX may, at its own choosing, offer other credit cards, at a later stage.

b.iii. PayPal: Transfer of funds via a PayPal account, or guest ac- count. If this option is employed for making the payment, the client’s PayPal account will be charged at the end of the ordering process. To pay via PayPal, the client will need to open an account with the online payment provider PayPal (Europe) S.à.r.l. et Cie, S.C.A., or one of its affiliated companies. PayPal may also accept a payment without an account (guest account).

b.iv. Giropay: Transfer of funds via bank account transfer, provided by Giropay, to the bank account indicated in the order confirmation. If this option is employed for making the payment, the client’s bank account will be charged at the end of the ordering process. To pay via Giropay, which is provided by Giropay GmbH, an account with a German bank, taking part in Giropay process, is required. The client is required to provide banking details, such as bank code, account number, PIN and TAN; no prior registration for Giropay is required.

b.v. SOFORT-Transfer: Transfer of funds via bank account transfer, provided by SOFORT AG, to the bank account indicated in the order confirmation. If this option is employed for making the payment, the client’s bank account will be charged at the end of the ordering
process. SOFORT Transfer is available for bank accounts, supporting internet banking in Germany, Austria, Switzerland, Belgium, Czech Republic, France, the Netherlands, Poland, Slovakia, Spain and the United Kingdom; please note that a few banks in such countries may not be supported. The client is required to provide banking details, such as bank code, account number, PIN and TAN; no prior registra- tion for SOFORT is required. At the end of the ordering process, the client will be forwarded to a secure payment form of SOFORT AG, which is not accessible to

FOX. This form will already contain FOX account number, payment amount and payment reference. The client will be asked to select the country in which her bank is located and enter the bank details. The client will be requested to authenticate herself, employing the same information that is normally used for internet banking, and to confirm the transaction with a code, or any other means, as agreed between the client and its bank. This will authorize a credit transfer from the client’s bank account, directly to FOX bank account. The client will immediately receive a confirmation.

c. When entering into the sales contract, FOX may, at its own discretion, offer additional payment methods.

7. Withdrawal

a. Right of Withdrawal

a.i. If the client is a consumer, i. e. the contract has been concluded for purposes, which are, predominantly, not attributable to a commercial, or self-employed professional activities, and the contract, regarding the reservation, was concluded through FOX website or otherwise, with the exclusive use of one or more means of distance communication, such as email or fax, i. e. via distance contracting, the client may withdraw from the contract, regarding the reservation, within 14 days, without having to provide FOX any reasons. The withdrawal period will expire after 14 days, from the day on which the contract was concluded.

a.ii. To exercise the right of withdrawal, the client must inform Fox Automotive Switzerland AG, St. Gallerstrasse 49, CH-9100 Herisau, Switzerland, Email: , about the withdrawal from this contract, by a formal declaration, made as a letter sent by post, fax or email. The client may employ the attached model withdrawal form.

a.iii. To meet the deadline for executing the right of withdrawal, it is sufficient for the client to send the communication, concerning the decision to exercise the right of withdrawal, before the withdrawal period has expired.

b. Consequences of withdrawal

b.i. If the client makes use of the right of withdrawal from this agreement, FOX shall reimburse all payments made by the client, during the reservation, including the costs of transport, unless further costs were incurred, due to special delivery requirements, requested by the client.

b.ii. Within the Single Euro Payments Area (SEPA), FOX will carry out the reimbursement, by credit transfer to an International Bank Account Number (IBAN), specified by the client. Otherwise, FOX will carry out the reimbursement, employing the same means of payment, as used for the initial transaction, unless, of course, both parties have expressly agreed otherwise, and no add- ed costs are incurred for FOX. In any event, the client will not incur any fees because of any reimbursement.

b.iii. Upon withdrawal, all rights, as described in this agreement, will expire and cease to exist.

c. Right to withdraw from the sales contract

c.i. Once the client has purchased the vehicle, the statutory right of withdrawal for consumers will only exist, if the sales contract, ac- cording to clause 4, is made as a distance contract, and no modifications to the vehicle have been commissioned or carried out by the client. For this right of withdrawal, clauses 7.a and 7.b shall apply, provided that the withdrawal period will be 14 days, from the day on which the client, or a third party appointed by the client, who is not responsible for the transport of the vehicle to the client, takes physical possession of the goods. FOX may withhold the re- imbursement, until the vehicle has been reacquired, or the client has

supplied evidence of having sent back the vehicle to FOX. The client shall hand the vehicle over to FOX, without undue delay and in any event not later than 14 days from the day on which the client communicated his withdrawal from the contract. The deadline is met, if the client sent back the vehicle, before the period of 14 days has expired. The client will have to bear the direct cost of returning the vehicle to FOX. FOX will, separately, inform the client of this right of withdrawal, when entering into the sales contract.

8. Rescission after the withdrawal period

a. Even after expiry of the right of withdrawal, according to clause 7, the client may rescind from the contract, regarding the reservation, if:

a.i. The client decides not to enter into the sales contract, upon offering of the latter agreement, by FOX, according to clause 4;

a.ii. FOX has not offered to enter into a sales contract, according to clause 4, by the 30th day of June 2020;

a.iii. there exists a right of withdrawal from the sales contract, conform to clause 7, and the client has made use of such right of withdrawal, in due time;

a.iv. there exists a statutory right to rescind from the sales contract or, respectively, a contractual right to rescind from the sales contract, agreed between the parties, at the time, when the sales contract was produced, and the client makes use of such right, e. g. if there are defects and the repairs have failed; or

a.v. the sales contract is, or becomes, invalid for any other reason.

b. To rescind from the contract, the client must inform FOX, St. Gallerstrasse 49, CH-9100 Herisau, Switzerland, Email: info@fox-automotive.ch , about the rescinding of this contract, by a formal declaration, made as a letter sent by post, fax or email.

c. If the client rescinds from this contract, FOX shall reimburse all payments made by the client, during the reservation process.

d. Within the Single Euro Payments Area (SEPA), FOX will carry out the reimbursement, by credit transfer, to an International Bank Account Number (IBAN), specified by the client. Otherwise, FOX will carry out the reimbursement, employing the same means of payment, as employed for the initial transaction, unless, of course, both parties have expressly agreed otherwise and not
added costs are incurred to FOX. In any event, the client will not incur any fees, due to the reimbursement.

e. Upon rescission, all rights as described in this agreement will expire and cease to exist.

9. Liability

a. FOX shall be fully liable, according to statutory provisions, (i) for damages resulting from injury to life, body or health, due to negligent breach of duty, by FOX, its legal representatives or persons employed to perform any of its contractual obligations, i. e. vicarious agents, and/or (ii) for other damages resulting from an intentional or grossly negligent breach of duty, by FOX, its legal representatives or persons employed to perform any of its contractual obligations, i. e. vicarious agents.

b. Insofar, as FOX is the manufacturer or is deemed to be the manufacturer, of the electric vehicle, FOX shall also be liable, according to the provisions of the Hungarian Product Liability Act (………………..) and/or, as applicable, other national transpositions of the Council Directive 85/374/EEC of 25 July 1985, on the approximation of the laws, regulations and administrative provisions of the EU Member States, concerning liability for defective products. FOX liability, according to clauses 9.a, 9.c and 9.d shall remain unaffected.

c. Should FOX have furnished a separate guarantee or any other form of strict liability, FOX shall be liable, according to the terms of such guarantee or promise or, where and insofar the guarantee or promise is silent, according to statutory provisions. Other liabilities, according to clauses 9.a, 9.b and 9.d, shall remain unaffected.

d. FOX shall further be liable for damages, resulting from a negligent breach of a contractual obligation, the fulfilment of which is a prerequisite, for the proper performance of the contract, and on the fulfilment of which the client will, typically, rely, and can reason- ably rely, so-called essential obligations, by FOX, its legal representatives or persons employed to perform any of its contractual obligations, i. e. vicarious agents. However, the total liability shall be limited to the amount of damages that is typical, for this type of contract, and foreseeable upon conclusion of the contract, if there is no more extensive liability under clauses 9.a to 9.c above.

e. In all other cases, FOX liability for damages, under any theory of law, shall be excluded.

f. The limitation of liability, under this clause 9, shall also be applicable, mutatis mutandis, for the benefit of FOX legal representatives, organs, and members of staff.

10. Miscellaneous

a. Offset and right of retention

a.i. The client is entitled to offset any claims against claims from FOX, in case that the claims (i) originate from the same contractual relationship, (ii) have not been challenged by FOX, have been recognized by a competent court, without further legal recourse, or have been established and are ready for decision, by a competent court.

a.ii. The client is entitled to exercise a right of retention vis-à-vis claims from FOX, only if such right of retention is based on claims from the same contractual relationship.

b. No Assignment: Neither this contract nor the subsequent sales contract, and the rights pertaining therein, may be assigned, resold, or otherwise transferred, in whole or in part, by the client, without prior written consent of FOX.

c. Translations: FOX may, at its sole discretion, translate these “GTC-MIA” into other languages. In this case, the terms and conditions are binding in the language in which the client has completed the order process, including the process in which the client has sent FOX the order, by activating the button, “Place a Binding “MIA” Preorder Now”, “Reserve Now”, “Pay Now” or “Continue to Pay”.

11. Choice of Law; Venue and Alternative Dispute Resolution

a. The contractual relationship between the client and FOX is subject to the substantive laws of Switzerland. The application of the UN Convention on Contracts for the International Sale of Goods (CISG; Vienna Convention) is excluded. Notwithstanding, if the client is a final consumer, she shall not be deprived of the protection, afforded to the client by provisions that cannot be derogated from, by agreement, by the law of the country in which the client normally resides.

b. Unless the client is a consumer, the courts having jurisdiction in Switzerland, shall enjoy the exclusive jurisdiction, regarding any dispute arising out of, or in connection with this contract, these “GTC-MIA”, or the sales contract. FOX may, however, remain entitled to bring an action against the client, before a court of the client’s habitual residence.