Ridy Vending Device Pre-Sale Agreement

Introduction

This Ridy Vending Device Pre-Sale Agreement (the "Agreement") is entered into between Ridy Pte. Ltd. ("Ridy") and the undersigned user ("Driver") for the pre-purchase of Ridy vending devices, subject to the terms and conditions outlined below. By confirming and accepting this Agreement, the Driver agrees to comply with the terms and conditions set forth herein.

1. Definitions

  • "Ridy" refers to Ridy Pte. Ltd., a company registered at 68 Circular Road #02-01, Singapore, 049422.
  • "Driver" refers to the individual purchasing the Ridy vending device.
  • "Website" refers to the official Ridy website located at ridy.club and its connected functional parts, including smartphone applications.

2. Product Overview

  • Ridy produces and sells vending devices allowing Drivers to stock and sell various items.
  • A marketplace platform is provided at the website where Drivers have their shops associated with their vending devices.

3. Pre-Sale Terms

  • Pre-sales are conducted on the Ridy website (ridy.club) with the basic device price set at $49 (it can be changed by Ridy, and correct information is displayed at the website at the first moment of (pre-)purchasing the device).
  • Special conditions apply to the service plan during the pre-sales period (can be referred as pre-purchase), including discounted fees and prices.

4. Discounts and Bonuses

  • Early-subscription bonuses may result in automatic discounts during the purchase process.
  • Partial payments for the device are accepted through the website.
  • Pre-purchase guarantees the lower price, special fees, and additional bonuses as displayed on the website at the moment of pre-purchase.

5. Refund Policy

  • Total or partial purchases are refundable before the number of purchases reaches the limit displayed on the website (refer next as the target, initially 500 devices). The target can be lowered by Ridy solely during the pre-sales process.
  • The Refunds, after a number of purchases reached the target, are only applicable if the device is undelivered within the identified period specified by the logistics operator (commonly 3 months after production completion) after manufacturing.

6. Manufacturing and Delivery

  • Production begins once the target number of Drivers (500) is reached, lasting one month.
  • Driver must pay the remaining sum within a specified period (initially 2 weeks) after reaching the target number.
  • If the Driver cannot pay within the specified time, manufacturing of one’s device may be delayed until the next 500 sign-ups.

7. Device Appearance

  • The appearance of the device may differ from the image displayed on the website, including in terms of pockets, color tones, functionality, and materials.

8. Legal Framework

  • The laws of Singapore govern this Agreement

9. Additional Fees

  • Driver is responsible for any additional fees related to customs clearance and taxes, which may arise and can be up to 10% or more (on top of the sum paid during pre-sales).

10. Referral Program

  • Drivers can earn additional funds for pre-purchase through the referral program.
  • A fixed amount of $5 (in the form of a discount for the device) in the initial scheme is given for each invited user (conditions can be varied by Ridy and actual sum per invited user, is displayed at the website). Amount is given to the customer only after the invited person (a new customer) made a pre-purchase using the referral code of the (original) customer and the target of purchases is reached. Referral bonuses may be used to fully fund the device. Paid funds by the user can be returned based on the amount of bonuses and the amount paid by the customer.
  • Remaining bonuses can be applied at the platform to reduce fees. Cash withdrawal of referral bonuses may be applied in the specific cases based on the referral performance (for examples, to top 3 referral performing customers).
  • Referral funds can be applied to discount the remaining or total device price.

11. Early-Subscriber Discounts

  • To claim early-subscriber discounts, drivers must prove one month of rideshare work and at least 200 rides by submitting screenshots of rideshare app activities via email.

12. Discount Limitations

  • One early subscription guarantees a discount for one device only.
  • If more than one device is purchased, the discount applies to one of them.
  • By confirming and accepting this Agreement, the Driver acknowledges that they have read, understood, and agreed to all the terms and conditions outlined herein. The Driver also agrees to provide accurate and timely information for the fulfillment of early-subscriber discounts.

13. Pre-Sale Agreement Documentation

  • The Pre-Sale Agreement comprises three main documents: Device Configuration, Final Price Sheet, and Terms & Conditions.

14. Agreement to Pre-Purchase

  • The Driver agrees to pre-purchase the vending device configured during the pre-order process from Ridy.
  • The pre-purchase is completed by taking delivery, completing the transaction when the device is ready for manufacturing by Ridy.

15. Taxes, and Official Fees

  • Taxes and official or governmental fees are not included in the pre-purchase price and will be calculated closer to the time of delivery.

16. Pre-Purchase Process; Cancellation; Changes

  • After the completed pre-purchase, the Driver will be provided with the web page displaying configuration of the device and the price and outstanding payments.
  • The pre-purchase payment covers the cost of these activities and is not a deposit for the device.

17. Delivery Schedule

  • Ridy will notify the Driver when the device is expected to be ready for delivery at the specified location.
  • The Driver agrees to schedule and take delivery within one week of the specified date; otherwise, the device may be made available for sale to other customers.
  • If third-party common carriers are used for shipment, the transfer of title and risk of loss occurs when the device is loaded onto the carrier's transport.

18. Delivery Uncertainty

  • Ridy does not guarantee when the device will be delivered, as manufacturing may not have begun at the time of pre-purchase.
  • The actual delivery date depends on various factors, including device configuration and manufacturing availability.

19. Security Interest

  • To secure the final payment and performance under this Agreement, Ridy retains a security interest in the device until all obligations are fulfilled.

20. Privacy Policy and Additional Terms

  • Ridy's Privacy Policy, Payment Terms for Services, and any additional policies are incorporated into this Agreement and can be viewed on the Ridy website.

By confirming and accepting this Agreement, the Driver acknowledges that they have read, understood, and agreed to all the terms and conditions outlined herein. The Driver also agrees to comply with Ridy's policies and procedures as outlined on the Ridy website.

  • Ridy Pte. Ltd.
  • ridy.club
  • 68 Circular Road #02-01, Singapore, 049422