ASCENDANCE MOBILITY – RESERVATION LETTER

This Reservation Letter (the “Letter”) governs your reservation of a future Ascendance Mobility vehicle (“Vehicle”) by you (“you” or “Reservation Holder”) from Ascendance Mobility ltd  (“Ascendance,” “we,” “us,” or “our”). By completing a reservation, you acknowledge that you have read, understood, and agree to be bound by the contents of this Letter, along with our Website Terms of Use and Privacy Policy (available at [website URL]).

1. Reservation Overview

You may reserve a future Ascendance Mobility Vehicle by paying a reservation fee through our official website or other approved channels. A reservation grants you a priority position in the reservation queue and provides early access to product updates, specifications, and future purchase or lease opportunities. This reservation does not constitute the purchase of a Vehicle nor a binding sales agreement.

2. Reservation Fee

A non-refundable reservation fee of $50 USD (or the equivalent in local currency where supported) (“Reservation Fee”) is required to secure your reservation. The Reservation Fee is non-refundable except where required by applicable consumer protection laws.

You are responsible for any applicable:

• Payment processing fees
• Transaction or cross-border charges
• Currency conversion costs
• Taxes, duties, or levies 

associated with the Reservation Fee.

The Reservation Fee confirms your place in the reservation queue and may, at Ascendance’s sole discretion, be applied toward the final purchase or lease price of the Vehicle. Payment of the Reservation Fee does not guarantee Vehicle delivery, final pricing, specifications, or availability.

3. Eligibility and Geographic Scope

Reservations are open to customers globally, subject to the following limitations:

• Vehicle availability, delivery timelines, serviceability, and pricing may vary significantly based on local laws, import/export regulations, homologation requirements, infrastructure readiness, and Ascendance’s operational rollout strategy.
• Ascendance reserves the right to limit, suspend, or decline reservations in jurisdictions where legal, regulatory, logistical, or sanctions-related constraints exist.
• We may prioritize specific markets or regions based on commercial partnerships, fleet deployments, regulatory approvals, or strategic business considerations.

4. Nature of Reservation – Non-Binding

This reservation is non-binding on both parties. It does not guarantee:

• A specific delivery date or window
• Final pricing or incentives
• Final Vehicle specifications, design, features, or color options
• Availability of service, parts, or charging infrastructure in your location

For avoidance of doubts, the reservation only grants you a priority position in the reservation queue and provides early access to product updates, specifications, and future purchase or lease opportunities. It does not constitute the purchase of a Vehicle nor a binding sales agreement and will be superseded entirely by a definitive purchase, lease, or financing agreement in respect of the Vehicle.

Ascendance may modify Vehicle design, features, software, range, performance, and pricing at any time prior to the execution of a final purchase, lease, or financing agreement.

5. Reservation Priority and Allocation

While reservations are generally processed in the order they are received, Ascendance may allocate Vehicles based on a combination of factors, including:

• Geographic region and local readiness
• Production batch and capacity constraints
• Commercial priorities (e.g., fleet partners, business customers, mobility deployments)
• Regulatory approvals in each target market
• Priority allocation does not alter the non-refundable nature of the reservation fee.

6. Transition to Purchase or Lease

When a Vehicle becomes available in your region, you may receive an invitation to proceed with a final purchase, lease, or subscription agreement. At that stage, we will provide:

• Final pricing (including taxes, delivery fees, and registration costs)
• Confirmed specifications and available configurations
• Estimated delivery timeline

If you do not complete the purchase process within the specified timeframe (e.g., x number of days after invitation), Ascendance reserves the right to cancel your reservation and reallocate the Vehicle. In such a case, the reservation fee remains non-refundable.

7. Cancellation

By You

You may cancel your reservation at any time by contacting us at hello@ascendanceev.com. Upon cancellation, the $50 reservation fee will not be refunded, except where required by applicable law.

By Us

• Ascendance may cancel your reservation immediately if:
• Legal or regulatory requirements prevent the sale or delivery of a Vehicle to you
• Production or supply constraints make fulfillment impossible in your region
• We reasonably suspect fraud, misuse, duplicate reservations, or violation of this Letter
• We will notify you of any such cancellation. No refund of the reservation fee will be provided except as required by law.

8. No Guarantees of Delivery, Timing, or Features

• Ascendance makes no guarantees, express or implied, regarding:
• Production timelines or manufacturing start dates
• Delivery schedules or shipping windows
• Final Vehicle features, battery range, software capabilities, or design
• Market availability in any specific country or city

Any timelines, renderings, estimates, or projections communicated (including on our website, in press materials, or via customer support) are estimates only and may change without notice. They do not form part of this Letter.

9. Limitation of Liability

To the maximum extent permitted by law, Ascendance and its affiliates, officers, employees, and agents shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from or related to:

• Delays in production or delivery
• Changes in Vehicle specifications, features, or pricing
• Inability to deliver a Vehicle in a particular timeframe or location
• Cancellation of a reservation for any permitted reason

In no event shall Ascendance’s total liability to you exceed the amount of the reservation fee paid ($50 USD). This limitation applies even if Ascendance has been advised of the possibility of such damages.

10. Governing Law and Dispute Resolution

This Letter shall be governed by and interpreted in accordance with the laws of the Federal Republic of Nigeria, without regard to conflict of laws principles, unless otherwise required by mandatory consumer protection laws in your jurisdiction.

Any dispute arising out of or relating to this Letter shall first be attempted to be resolved through good-faith negotiation. If unresolved, the dispute shall be submitted to binding arbitration in Lagos, Nigeria, in accordance with the Arbitration and Conciliation Act of Nigeria, unless applicable law in your jurisdiction requires otherwise.

11. Updates to this Document

Ascendance reserves the right to update or modify this Letter at any time. Material changes will be communicated via the email address associated with your reservation or through a notice on our website. Your continued participation in the reservation process after any updates constitutes your acceptance of the revised terms. If you do not agree to the changes, your sole remedy is to cancel your reservation.

12. Entire Understanding

This Letter, together with our Website Terms and Privacy Policy, constitutes the entire understanding between you and Ascendance regarding your reservation and supersedes all prior communications, representations, or agreements, whether written or oral.

13. Contact Information

If you have any questions regarding this Letter, or to cancel your reservation, please contact us at:

Email: reservation@ascendanceev.com, hello@ascendanceev.com

Website: www.ascendanceev.com