AGREEMENT

FOR THE SALE OF A USED VEHICLE

This Agreement is made on 29/01/2024 by and between:

(IF SELLER IS AN INDIVIDUAL)

Mr./Mrs.RAJI FADI TARABAY LEBANON Na onal, Passport number _________, Emirates ID number
784-1995-3231228-9 valid ll 27/10/2024, elected domicile for the purpose of this Agreement at
______________, Mobile: 0561249536 Email: raji.tarabay@gmail.com hereina er referred to as
"SELLER";

(IF SELLER IS A COMPANY)

__________________ a company registered in ________ under Commercial Registra on Number
_________, and having its registered address at_________, Telephone: _______, Email: _______,
hereina er referred to as "SELLER";

AND

Daris Interna onal LLC (Dubai Branch), a company duly registered in Dubai under Commercial
Registra on Number 799709 and having its registered office at Shop 22, API 1000, Umm Al Sheif,
Dubai, Telephone: _______, Email: _______, hereina er referred to as "KAVAK" or "BUYER";

Seller and Kavak are hereina er referred to individually as "Party" and together as "Par es", being
mutually bound by the following:

RECITALS

WHEREAS Seller is the sole legal and beneficial owner of the Vehicle as described below,

WHEREAS Seller wishes to sell the vehicle as described below,

WHEREAS Buyer desires to purchase the Vehicle offered for sale by Seller under the terms and
condi ons set forth below,

NOW, THEREFORE, IN CONSIDERATION of the mutual promises and covenants contained herein, and
other valuable considera on exchanged by the Par es as set forth herein, the Par es, intending to be
legally bound, hereby agree as follows:

Ar cle 1: Sale
Seller hereby agrees to sell, and Kavak hereby agrees to buy, the following used vehicle as described
below:
Vehicle Type: NISSAN KICKS
Model: 2018
Origin: MEXICO
Engine Number:
Chassis Number: 3N1CP5C90JL495856
Mileage: 77000
Color: ORANGE
Hereina er referred to as the " Vehicle" or the “acquired Vehicle”,

For ease of iden fica on, one or more photographs of the Vehicle are a ached to this Agreement.

Ar cle 2: Purchase Price

The full purchase price of the Vehicle is AED:33000/- (THIRTY THREE THOUSAND United Arab
Emirates Dirhams) (hereina er "Total Purchase Price").

Kavak shall pay to the Seller the purchase price through bank transfer or any Exchange company
chosen by Kavak upon the successful transfer of the Vehicle ownership and comple ng the vehicle
registra on procedures under Kavak’s name with RTA.

Ar cle 3: Transfer of Ownership

Upon signing this Agreement, Seller agrees to transfer ownership of the vehicle and any right and
tle owned in the vehicle to Kavak.

Ar cle 4: Special Condi ons related to Mortgaged Vehicles

4.1 If the acquired Vehicle is mortgaged, Seller must provide Kavak a Liability Le er based on which
Kavak will pay directly to Seller’s bank the outstanding car loan amount and takes at the same
me possession of the vehicle. Concurrently, Seller must issue a Security Cheque to Kavak for the
same amount paid by the la er to Seller’s bank, and such cheque will be returned to Seller upon
successful tle transfer and Vehicle registra on under the name of Kavak.
4.2 Should the car loan amount paid to Seller’s bank exceed the agreed purchase price, Seller must
reimburse the difference to Kavak prior to the loan se lement.

Ar cle 5: Sale Documenta on

Seller shall provide to Kavak the following documents prior to date of sale:
a. Seller’s Emirates ID.
b. Vehicle Registra on Card.
c. If Seller is a mainland company: Seller’s Commercial Registra on/Licence in addi on to Seller’s
Memorandum of Associa on.
d. If Seller is a Free Zone company: Seller’s Commercial Registra on and Licence, in addi on to
Seller’s Memorandum of Associa on and an No Objec on Cer ficate from the relevant Free
Zone.
e. In case of Mortgaged Vehicle: A Liability Le er and a Clearance Le er from Seller’s bank.
f. Original Tax invoice.

Ar cle 6: Vehicle Inspec on

Kavak is solely responsible for evalua ng the Vehicle and determining whether the vehicle is fit for its
purpose. Accordingly, the sale will go ahead only a er there has been an inspec on of the Vehicle by
a technical Inspector chosen by Kavak, and Kavak has approved the results of the inspec on.
Notwithstanding that Seller remains liable towards Kavak for any structural and/or mechanical
hidden defects and damages unreported in wri ng by Seller before or upon signing this Agreement
and which appear during the Return Period as described in Ar cle 11 forth.

Ar cle 7: Delivery of the Vehicle

7.1 Seller shall deliver the Acquired Vehicle, and Buyer shall take possession of the same at Buyer’s
premises or at any other loca on agreed upon by the par es on or before _____________
("Delivery Date").
7.2 Seller agrees and accepts that it is Seller’s duty to ensure that the Vehicle is delivered in the
same condi on as when last inspected by Kavak.
7.3 Seller agrees and accepts that the Vehicle Mileage on the day of registra on under the Kavak’s
name should not have exceeded Five Hundred (500) Kms from when the vehicle was ini ally
inspected.
7.4 The liabili es for the proper use of the Vehicle passes from Seller to the Buyer on the Delivery
Date upon Buyer’s taking physical possession of the Vehicle.

Ar cle 8: Odometer Declara on

Seller hereby states and declares that the Odometer in the Vehicle reads 77000 Kms at the date of
inspec on. Furthermore, Seller states and declares that the Odometer accurately records the true
and actual distance travelled by the Vehicle and that its Mileage has not been adjusted, altered,
disconnected, set back, reset or otherwise tampered with by Seller or any other party.

Ar cle 9: Seller Obliga ons

a. Seller must provide all necessary documents and materials to ensure a quick and efficient
transfer of ownership and Vehicle registra on under Kavak’s name with RTA.
b. Seller must pay all past due Vehicle-related fees whatsoever including traffic fines prior to the
transfer of the tle and the Vehicle registra on under Kavak’s name.
c. Seller must deliver the Vehicle to Kavak at the agreed upon loca on.
d. Seller must provide all vehicle keys and any other electronic components or ancillary items when
delivering the Vehicle to Kavak.
e. Seller must cooperate with Kavak to have all necessary inspec ons performed by the la er
before finalizing the sale and prior the transfer of ownership.
f. Seller must transfer the tle of the Vehicle to Kavak free of any encumbrances, debt, liability,
mortgage, fine or adverse interests whatsoever.
g. Seller must cancel all kind of Vehicle locator and tracking devices prior to the Vehicle registra on
under Kavak’s name with RTA.

Ar cle 10: Seller Warran es

10.1Seller warrants that:
a. Seller is the sole legal and beneficial owner of the Vehicle.
b. Seller has the authority to sell the Vehicle and is duly authorized to enter into this Agreement.
c. All informa on provided by Seller to Kavak is accurate, true and complete.
d. The Vehicle is fit for use for the purpose, and that except as otherwise expressly disclosed in
wri ng to Kavak, the Vehicle is in good opera ng condi on and has no hidden damages nor
hidden structural and/or mechanical defects.
e. The Odometer accurately records the true and actual distance traveled by the Vehicle and that
its Mileage has not been adjusted, altered, disconnected, set back, reset or otherwise tampered
with by Seller or any other party.
f. The Vehicle is free of any encumbrances, liens, debt, liability, fine, mortgage legal claims, court
orders or adverse interests (whether legal, equitable or otherwise).
10.2All representa ons and warran es contained in this clause shall con nue in full force and effect
a er the execu on of this Agreement.
Ar cle 11: Termina on
11.1Kavak has the right to terminate this Agreement and return the Vehicle to Seller within Ninety
(90) calendar days of its delivery (the "Return Period") without prejudice and without penalty
and without the need for any legal formality or judicial ac on or proceedings in the following
cases:

(i) If structural and/or mechanical hidden defects or damages appear in the vehicle within the
Return Period, and which were unreported in wri ng by Seller before or on the day of signing
this Agreement.
(ii) In case of Seller’s misrepresenta on, fraud, error, misleading or incorrect informa on provided
to Kavak.
(iii) If it appears that the Odometer has been adjusted, altered, disconnected, set back, reset or
otherwise tampered with by Seller or any other party prior the transfer of ownership of the
Vehicle.

11.2In any of such cases, Seller agrees and accepts to fully refund the purchase price to Kavak in
addi on to be liable to a conven onal penalty agreed upon equivalent to 20% (Twenty percent)
of the total Price of the Vehicle which must be paid by Seller within Seven (7) days of Buyer’s
no ce of termina on.
11.3This provision shall not limit in any way the remedies Kavak may have otherwise possessed in
law or equity rela ve to a breach of this Agreement.
Ar cle 12: Warranty and Service Contract
Nothing in this Agreement will affect the terms of any applicable Warranty by the Manufacturer
and/or any applicable Service contract on the Vehicle, and Seller hereby agrees and accepts upon
signing this Agreement to transfer automa cally to Kavak any Warranty and/or Service Contract in
force on the Vehicle.
Ar cle 13: Governing Law and Jurisdic on
This Agreement is governed by and shall be construed in accordance with the applicable Laws of the
United Arab Emirates. Any disputes arising out of or in connec on with this Agreement, including
any ques on regarding its existence, interpreta on, validity, or termina on, shall be referred to and
finally resolved by the Courts of Dubai.
Ar cle 14: No ces
All no ces and other communica ons hereunder shall be in wri ng and be given by email, or hand
delivery to the other party or by registered mail addressed and sent to the party’s address as set on
the first page of this Agreement. No ces and communica ons shall be effec ve when received by the
addressee.
Ar cle 15: Miscellaneous
15.1 This Agreement supersedes all prior agreements, wri en or oral, between Kavak and the
Seller rela ng to the subject ma er of this Agreement and cons tutes the en re Agreement
between the par es.
15.2 This Agreement may not be modified, changed, or discharged in whole or in part, except by
an agreement in wri ng mutually signed by Kavak and the Seller.
15.3 The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.
15.4 No failure by Kavak to exercise and no delay in exercising any right hereunder shall operate
as a waiver thereof, nor shall any single or par al exercise of any right hereunder by Kavak
preclude any other or future exercise of any right.

Ar cle 16: Contract Signing

Par es agree that this Agreement shall be electronically signed, whether by digital or encrypted
signatures. The electronic, digital or encrypted signatures of the par es have the same force and
effect as manual signatures for the purposes of validity, enforceability and admissibility.

IN WITNESS WHEREOF this Agreement has been executed by the par es hereto on the day and year
first above wri en.

Signed by:

SELLER: BUYER / KAVAK:

_______________ Daris Interna onal LLC Dubai Branch

Name: RAJI FADI TARABAY Name:

Signature: Signature:

Date: Date:
29/01/2024