Chauffeur Fleet Placement Agreement — Draft

Vehicle Placement & Profit-Share Agreement
Between Elite Rose Limo Luxury Transport L.L.C, DET licence 1499166, Office 15, Al Goze Building, Sheikh Zayed Road, Al Quoz 1, Dubai, UAE (the "Company") and:

1. What this agreement does

The Owner places the Vehicle in the Company's chauffeur fleet for 24 months from the start date. The Company operates it for chauffeur services only — airport transfers, hourly hire, corporate duty, weddings and events — and pays the Owner a share of the profit it earns, as set out in clause 4.

2. Ownership and registration

1. The Owner remains the true and beneficial owner of the Vehicle at all times.
2. The Vehicle is registered under the Company's operator licence only because UAE law requires commercially driven vehicles to be on a licensed operator.
3. The Company may not sell, pledge, mortgage or use the Vehicle as security for any debt, and will sign a side letter confirming the Owner's beneficial ownership on request.
4. The Vehicle must be fully paid, free of any loan, lien or finance, a 2024–2026 model, with a clean accident history.

3. Who drives the Vehicle

1. Only the Company's licensed, RTA-permitted professional chauffeurs drive the Vehicle. It is never rented for self-drive and never handed to a customer's own driver.
2. The Company maintains the chauffeurs' permits, medicals and training at its own cost.
3. The Vehicle is tracked by GPS and garaged at the Company's premises when not on duty.

4. Profit share — 70 / 30

1. Net profit for a calendar month = the chauffeur revenue the Vehicle earned that month minus the Vehicle's own direct costs: its share of chauffeur salary, fuel, comprehensive insurance, registration and permits, servicing and tyres, Salik and parking not recovered from customers, and cleaning.
2. Company office rent, marketing and administrative staff are not charged to the Vehicle.
3. The Owner receives 70% of net profit; the Company retains 30%.
4. A month in which the Vehicle earns no revenue pays no profit share. That month's direct costs carry forward and are deducted from the next profitable month. Nothing in this agreement is a promise or guarantee of any return.

5. Payment and statements

1. The Owner's share is paid by bank transfer within 7 days after each calendar month ends.
2. Each payment comes with a per-vehicle statement showing days worked, revenue, each cost line and the net profit calculation.
3. The Owner may ask to inspect the booking records for their Vehicle at the Company's office with 3 days' notice.

6. Insurance, maintenance and damage

1. The Company keeps the Vehicle comprehensively insured for commercial chauffeur use for the whole term, at the Vehicle's cost (clause 4.1).
2. The Company services the Vehicle on the manufacturer's schedule and keeps records.
3. Accident damage while on Company duty is handled through the insurance; any excess is a direct cost of the Vehicle. Damage caused by the Company's negligence outside insurance cover is the Company's own cost.
4. Fair wear and tear is expected; chauffeur-only driving keeps it materially lower than self-drive rental.

7. Idle protection and early exit

1. If the Vehicle earns no revenue for 45 consecutive days, the Owner may terminate early without penalty and take the Vehicle back.
2. Either party may otherwise terminate early with 60 days' written notice.
3. On any termination, the Company de-registers the Vehicle from its licence and transfers it back into the Owner's name within 14 days, settling all outstanding statements.

8. End of the 24 months

At the end of the term the Owner chooses one of:

1. Return: the Vehicle is transferred back into the Owner's name at the Company's cost;
2. Sale: the Company sells the Vehicle at a price the Owner approves in writing, and 100% of the sale price is paid to the Owner with no commission;
3. Extension: the placement continues on terms agreed in writing.

9. Owner's warranties

1. The Owner warrants they are the sole legal owner, the Vehicle carries no finance or lien, and all documents provided are genuine.
2. The Owner will not use the Vehicle, interfere with bookings or contact chauffeurs directly during the term, except as agreed in writing.

10. General

1. This agreement is governed by the laws of the UAE and the Emirate of Dubai; disputes go first to good-faith negotiation, then to the Dubai courts.
2. Changes are valid only in writing signed by both parties.
3. This published page is a draft template for information. Only the signed, completed version binds the parties.