1. The Reservation  

This reservation agreement (“”Reservation” or “Agreement”) is made by you, the purchaser (“Purchaser”) for 1 unit of the Nimbus Halo vehicle (each, a “Halo”) from Nimbus AV Inc (“Nimbus”) for the reservation deposit of $200 per unit (“Reservation Deposit”). This Reservation holds Purchaser’s approximate place in line in the country of Purchaser to receive the delivery of the Halo. Nimbus will contact Purchaser to provide notification when a Halo that have been reserved by Purchaser is available for purchase in Purchaser’s designated country.  

2. Fully Refundable 

Purchaser is not obligated to purchase a Halo reserved hereunder. The purchase of a Halo will be governed by a separate Purchase Agreement.  At any time prior to Purchaser’s execution of a Purchase Agreement and upon written request through Email by Purchaser to Nimbus, the Reservation Deposit shall be fully refundable to Purchaser. 

3. Order Process  

After notification that a Halo reserved by Purchaser are available for purchase in Purchaser’s designated country, Purchaser will have the option to enter into a Purchase Agreement. Upon entering into a Purchase Agreement, the Reservation Deposit will be applied to the Purchase Price indicated in the Purchase Agreement. If Purchaser does execute and return a Purchase Agreement within 90 days of being notified of the availability a Halo for purchase by Purchaser, Nimbus shall have the right, in its sole and absolute discretion, to cancel this Reservation and refund the Reservation deposit to Purchaser in full.  For purposes of this section, “notification” shall mean the next business day after an email has been sent to Purchaser.

4. Waivers and Disclaimers  

The estimated price of a Halo provided at the time of reservation shall be subject to change without notice and may be different depending on Purchaser’s choice of options at the time of purchase.  The availability of a Halo and allocation of Halos to any particular country shall be within the sole and absolute discretion of Nimbus; and Nimbus shall have no liability whatsoever in connection with its decisions as to availability and allocation.  Nimbus does not guarantee that a Halo reserved by Purchaser will be available at all to Purchaser, or that a Halo will ever be available in Purchaser’s country or anywhere else.  The actual design of the Halo available for purchase may be different than that represented in photos and representations prior to delivery.  Nimbus makes no representations or warranties as to the Halo and/or the time in which the Halo will be available for purchase.  The only valid warranties shall be those included within the Purchase Agreement.  Provided Nimbus returns the Reservation Deposit in full, Purchaser waives any claim against Nimbus, its principals, officers, employees and agents for cancellation of this Reservation for any reason.  In no event shall Purchaser have any claim against Nimbus, its principals, officers, employees and agents on any account, whether based in contract or tort, for an amount in excess of the unreturned Reservation Deposit.  

5. Governing Law  

This Agreement is governed by the laws of the State of Michigan, U.S.A., without regard to its conflict of laws provisions. Each party consents to the exclusive jurisdiction and venue of the state and federal courts in Ann Arbor, Michigan, USA.



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