Demo Stock Agreement

Terms & Conditions for Demo Stock

1. Loan Period

1.1. The demo unit is loaned for a period agreed upon in writing between Rella Limited Trading as Nifty Audio (the “Company”) and the customer (the “Borrower”).

1.2. Extensions to the loan period must be requested and approved by the Company in writing before the original return date.

2. Late Returns

2.1. If the Borrower fails to return the demo unit by the agreed return date without prior approval, the Borrower may incur rental charges for the extended period of use.

2.2. Rental charges will be determined based on standard rates for comparable equipment and will accrue until the unit is

returned to the Company in satisfactory condition.

3. Restrictions on Use

3.1. The demo unit is provided for evaluation purposes only and must not be used for hire, reward, or any commercial purposes.

3.2. The Borrower agrees not to modify, dismantle, or tamper with the demo unit in any way.

4. Ownership

4.1. The demo unit remains the property of Rella Limited at all times.

4.2. The Borrower has no rights to sell, transfer, or encumber the demo unit in any manner.

5. Inspection on Delivery

5.1. The Borrower is responsible for inspecting the demo unit upon receipt.

5.2. Any defects, damages, or missing items must be reported to the Company within 24 hours of delivery.

5.3. Failure to report issues within this timeframe will be deemed acceptance of the demo unit in good condition.

6. Condition and Accessories

6.1. The Borrower is responsible for ensuring that the demo unit is returned in the same condition as it was provided, including all

accessories, packaging, and documentation.

6.2. Any damage, loss, or missing items will be assessed by the Company, and the Borrower will be liable for the full cost of repairs or replacements.

6.3. The Borrower will also be liable for any loss of earnings incurred by the Company as a direct result of the demo unit being damaged or unusable during or after the loan period.

7. Return of the Demo Unit

7.1. The Borrower is solely responsible for the safe return of the demo unit to the Company’s designated address by the agreed return date.

7.2. All shipping or courier costs for the return of the unit are the responsibility of the Borrower, unless otherwise agreed in writing.

7.3. The Borrower should ensure that the unit is securely packaged to prevent damage during transit.

8. Insurance

8.1. The Borrower may be required to provide proof of insurance covering the demo unit for the duration of the loan period.

8.2. If insurance is not provided, the Borrower accepts full liability for any loss, damage, or theft of the demo unit.

9. Liability

9.1. The Borrower assumes all liability for the demo unit during the loan period, including theft, loss, or damage.

9.2. The Company shall not be held responsible for any direct, indirect, or consequential losses arising from the Borrower’s use of the demo unit.

10. Data and Privacy

10.1. If the demo unit includes any software, the Borrower agrees to comply with all applicable license agreements.

10.2. The Borrower must not copy, tamper with, or reverse-engineer any software or data on the demo unit.

10.3. The Borrower is responsible for ensuring the removal of any personal data added to the unit before returning it.

11. Charges for Damages or Repairs

11.1. Any damages or required repairs identified upon the return of the demo unit will be charged to the Borrower based on the full cost of repair or replacement.

11.2. The Borrower will also be responsible for compensating the Company for any loss of earnings resulting from the unit being unavailable for use or loan to other customers.

12. Agreement to Terms

12.1. By accepting the demo unit, the Borrower agrees to these terms and conditions.