TARFORM LUNA FOUNDER EDITION - RESERVATION AGREEMENT

TARFORM INC. (“TARFORM”) respect your concerns about privacy and want to address it as clear and explicitly as possible. For your information, all terms, conditions and prices laid out below are subject to change without notice. Your exclusive remedy under this agreement will be limited to reimbursement of your reservation deposit.

NON-BINDING RESERVATION

By reserving a Tarform Luna Founder (the “vehicle”) you are agreeing to the following terms and conditions. The configurations made in the digital customizer of the Tarform Luna Founder vehicle are the options available at the point of customization. If you wish modify your configuration the price might change to reflect your new configuration. Tarform reserves the right to add, remove or replace components and customization options as they become available. You will be notified of any changes to your configuration prior to the binding purchase agreement.

Reservation of a Luna Founder and placing a deposit of $2,000:

The Luna Founder vehicle is the first generation of vehicles that TARFORM will introduce to the market in 2020. It will be a limited number of premium electric motorcycles. 54 motorcycles will be made and numbered 1 to 54. The $2,000 is a reservation deposit fee to reserve your vehicle, the fee is fully refundable until the signed purchase agreement that you will recieve prior to the fabrication of your vehicle. The $2000 deposit will be subtracted from the total price. Prior to the vehicle going into production, 50% of the final price will be due. TARFORM will notify the customer of this timeline. The remaining 50% will be due within 10 days of delivery of the vehicle. The price listed once you have customized your vehicle and placed a deposit is a tentative price indication and subject to change before the agreement becomes binding. All prices listed are excluding taxes and other local government fees (this could amount to 10% or more to be added on top of the vehicle price).

The Luna Founder vehicles are unique and will only be made available as a limited edition series.

Cancellation

You and/or TARFORM may cancel this reservation at any time, for any reason prior to the approval of the final Purchase Agreement. If you do so prior to the binding Purchase Agreement, you will receive a refund of the Reservation Payment ($2,000) without interest. If TARFORM cancels your reservation, you will receive a full refund without interest. If you wish to cancel your reservation before production starts please email: orders@tarform.com.

U.S Homologation

The initial production of Luna Founder vehicles will be available and road-legal in the United States. TARFORM Luna Founder Edition is not homologated and/or certified in any other parts of the world.

Payment and price

The initial deposit is made via an online payment processing platform (Stripe). The pre-production payment (50% of the total price), as well as, the final payment should be paid via ACH or Wire Transfer. All prices listed are excluding taxes and other local government fees (this could amount to 10% or more to be added on top of the vehicle price).

Payment schedule:
Customization completed and initial deposit ($2,000) is made.
Pre-production sum (50% of the final price) upon signed Purchase Agreement.
Final payment (remaining 50%) within 10 days of delivery.

Warranty

You will receive the Tarform New Vehicle Limited Warranty at or prior to the time of Vehicle delivery or pickup. You may also obtain a written copy of your warranty upon request via phone or email.

Shipping and delivery

United States
TARFORM aims to make your purchasing experience as seamless as possible. Once your vehicle is ready for shipment TARFORM will contact you to arrange for pick up or delivery (at no additional cost). Depending on the state, there might be some additional processing fees that will be added and we will keep you informed about any additional costs.

Miscellaneous Provisions

These terms serve as a complete agreement between the involved parties. This agreement shall be governed by and shall be construed in accordance with the laws of New York State. Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitrations of the Arbitration Institute of the New York Chamber of Commerce.

Personal details

The personal data that you enter in our order confirmation system will only be used by TARFORM to handle your Reservation and future customer services. The information is stored in a secure database and will not be transferred to any third parties. This is in line with the privacy policy set out by TARFORM.