Master Vehicle Lease Policy

This Vehicle Lease Policy summarizes the terms by which Movacars Distribution Inc., as Lessee, takes one or more motor vehicles on lease from a Vehicle Owner ("Lessor") for deployment in Movacars's commercial delivery and logistics operations. The binding instrument is the executed Master Vehicle Lease and Operations Agreement (the "Master Lease"). Where this summary conflicts with the Master Lease, the Master Lease controls.

1. Purpose & Program Structure

The Movacars Owner-Rental Program permits Vehicle Owners to lease eligible motor vehicles to Movacars on a short-term, month-to-month basis. Movacars takes exclusive possession, use, and control of each leased vehicle for the term, and pays the Owner the Rental Rate set in the Vehicle Schedule.

The program is structured to qualify for the protections of the federal Graves Amendment (49 U.S.C. § 30106), which limits owner-lessor liability in jurisdictions where the lessor is engaged in the trade or business of renting or leasing motor vehicles and the lease meets the statute's conditions.

2. Owner Eligibility

The Owner must be either (a) an individual age 18 or older with full legal capacity, or (b) a U.S. business entity in good standing. The Owner must hold full legal title to each vehicle offered, and must not appear on any U.S. government list of prohibited or restricted persons.

3. Vehicle Eligibility

Each vehicle offered under the Master Lease must satisfy the Movacars vehicle eligibility criteria set out in the Vehicle Intake Policy — including GVWR ≤ 10,000 lbs, lawful Florida registration, clean recall status, and no undisclosed title brand. Additional underwriting may be required based on vehicle age, mileage, and use history.

4. Exclusive Possession; Right to Sublease

During the lease term:

• Movacars has exclusive possession, use, and control of the leased vehicle.
• The Owner has no right to access, use, or operate the leased vehicle.
• The Owner expressly and irrevocably grants Movacars the unrestricted right to sublease, assign, or authorize operation of the vehicle by Authorized Operators (independent contractor drivers, employees, affiliates, or platform partners) in Movacars's sole discretion.
• Movacars may relocate the vehicle anywhere within the continental United States.

5. Term & Termination

The term commences on the date Movacars accepts delivery of the vehicle (the "Commencement Date") and continues on a month-to-month basis until terminated as set out in the Master Lease. There is no minimum term beyond the first full month. Either party may terminate on the notice period set in the Master Lease (typically thirty (30) days, subject to early-termination provisions for material breach).

6. Delivery & Return

The Owner shall deliver each vehicle to the location specified by Movacars, at the Owner's sole cost and expense, within five (5) business days of executing the Vehicle Schedule. Failure to deliver within that period entitles Movacars to terminate the Vehicle Schedule and recover a Delayed Delivery Fee of US $500 per day until actual delivery or termination. At end of term, Movacars returns the vehicle to the Owner on a documented return inspection.

7. Rental Rate & Payment

The Rental Rate, payment cadence, security deposit (if any), and any deductions are set in the Vehicle Schedule. Payments are made by ACH or other electronic transfer. Movacars provides itemized statements. Disputes about specific payments must be raised within thirty (30) days of the statement.

8. Insurance

Movacars maintains the commercial insurance program required for the operation of the leased fleet, including liability coverage in compliance with Florida Financial Responsibility Law and Fla. Stat. § 627.7415, and physical damage and cargo coverage as set in the Master Lease. The Owner is named as an additional insured to the extent required by the Master Lease. The Owner retains any title-based insurance obligations applicable under Florida law and the lien documents (if any) on the vehicle.

9. Maintenance & Compliance

Movacars manages scheduled maintenance and operational compliance during the lease term. The Owner shall disclose all known mechanical, safety, structural, or recall issues at intake.

10. Telematics

Each leased vehicle is operated with a Movacars-approved telematics system as a condition of the lease.

11. Owner Representations & Warranties

The Owner represents and warrants that (a) the Owner is the legal titleholder; (b) the vehicle is free of undisclosed liens or encumbrances; (c) the vehicle meets the eligibility criteria; (d) the Owner has solicited the opportunity to lease the vehicle to Movacars; (e) the Owner has been advised of the right to consult independent legal and insurance counsel; and (f) the Owner enters into the Master Lease freely.

12. Liability; Graves Amendment

The Master Lease is structured for the Graves Amendment safe harbor. Movacars maintains the commercial insurance program required for fleet operation. The Owner is not liable for harm to persons or property arising from the operation of the leased vehicle solely by reason of being the owner of the vehicle, to the extent the Graves Amendment applies.

13. Indemnification

Allocation of indemnity obligations between the parties is set in the Master Lease, and reflects the Owner's role as titleholder and Movacars's role as exclusive operator during the lease term.

14. Governing Law & Disputes

The Master Lease is governed by Florida law and the Federal Arbitration Act. Disputes are resolved by individual arbitration seated in Orange County, Florida, with class and jury waivers, subject to the small-claims and injunctive carve-outs set in the Master Lease.

15. Contact

Movacars Partner Operations
partners@movacars.com · (407) 714-3081