RELEASE OF LIABILITY, WAIVER OF CLAIMS,

ASSUMPTION OF RISKS AND INDEMNITY AGREEMENT (Hereinafter referred to as the “Release Agreement”)

BY SIGNING THIS DOCUMENT, YOU WILL WAIVE OR GIVE UP CERTAIN LEGAL RIGHTS, INCLUDING THE RIGHT TO SUE OR CLAIM COMPENSATION FOLLOWING AN ACCIDENT. PLEASE READ CAREFULLY!

ORGANIZATION NAME: EBike Edmonton Inc. and its directors, officers, employees, instructors, guides, agents, representatives, independent
contractors, subcontractors, suppliers, manufacturers, sponsors, successors, insurers, insurance intermediary and assigns (all of whom are
hereinafter referred as “the Releasees”)

DEFINITION
In this Release Agreement, the term “Bike” or "Biking” shall include all activities, including sales, equipment rental, Bike and EBike rental, events which
are provided by, arranged, organized, conducted, sponsored or authorized and servicing including, but not limited to, equipment exchanges, repairs, tune
ups and servicing of any kind to bikes and Ebikes by the Releasees and shall include, but is not limited to, riding and/or use of an electric bike, snow bikes
and snow karts, battery powered bicycle, EBike purchases, Ebike sales, or biking; trying out a bike; Ebike rental; orientational and instructional courses,
seminars and sessions, travel and other such activities, events and services in any way connected with or related to Biking.

AGREEMENT
I accept full responsibility for the bike, Ebike or snow bike or snow kart equipment (“the Equipment”) and agree to pay for any damage to the Equipment
and replace the Equipment at full retail value if not returned in the same condition it was received by the agreed date. I authorize EBike Edmonton Inc.
to process payment for any damage to the Ebike to the credit card provided on file and/or to pursue legal remedies, including legal expenses for
payment. I fully am responsible for inspecting the bike, Ebike and Equipment prior to using it and during its operation and in my possession and will not
operate if I consider it unsafe, I will only operate the Equipment if I am able to operate the Equipment safely and competently and for which I am in full
and complete control of the Equipment. I will not ride while standing, perform jumps or tricks. I will be in full control and be responsible for the operation
of the throttle, brakes, display and switch, steering, pedals and all other parts of the equipment at all times. I am solely responsible and liable for any
alteration, including but not limited to its hardware, electronics, speed, or settings to the Equipment. I acknowledge and agree that I am solely
responsible for the proper use, operation, and maintenance of the EBike, including but not limited to ensuring that the EBike is used in compliance with
all applicable laws and regulations, and that it is in good working order before each use.

SAFETY
I agree to obey all traffic laws, signs and signals while using the EBikes on public and private property, and to exercise caution and good judgment to ensure the safety of myself and others.

I acknowledge that I have been advised to wear a helmet. Wearing a helmet while Biking may be mandatory under provincial law. I am aware that
Biking is subject to all applicable municipal, provincial, and federal regulations. I am familiar with the proper use of the Equipment, including all quick
release mechanisms, brakes and gear shifters, throttle, computer, displays, speed control systems, controller, battery, bells, horns, lights. I am aware
that there are persons available to answer any questions that I may have as to the proper use of the Equipment.

ASSUMPTION OF RISKS
I am aware that Biking and the use of Equipment involves many risks, dangers and hazards including, but not limited to: mechanical failure of the Equipment, loss of balance; difficulty or inability to control one’s speed and direction; rapid or uncontrolled acceleration on hills and inclines; variation or changes in the riding surface including rocks, sand, gravel, trees, and manmade structures; changing weather conditions; exposure to temperature extremes or inclement weather; travel or transport to and from the sites used for biking; travel on highways and backcountry roads; encounters with domestic and wild animals including dogs; collision with pedestrians, motor vehicles, and cyclists; negligence of other participants; and NEGLIGENCE ON
THE PART OF THE RELEASEES AND THE MANUFACTURERS AND DISTRIBUTORS AND THEIR STAFF, INCLUDING THE FAILURE ON THE PART OF THE RELEASEES TO SAFEGUARD OR PROTECT ME FROM THE RISKS, DANGERS AND HAZARDS REFERRED TO ABOVE. I am aware of
infectious or communicable diseases contracted through viruses, COVID, bacteria, parasites, and fungi which may be transmitted through direct or indirect
contact is also a risk.

I acknowledge that I have been provided with information regarding the use of the Bike, EBike and equipment and the risks associated with changing the
settings, including the speed, of an Ebike. I have been given the opportunity to ask questions and receive satisfactory answers to all my questions.

I AM AWARE OF THE RISKS, DANGERS AND HAZARDS ASSOCIATED WITH BIKING AND I FREELY ACCEPT AND FULLY ASSUME ALL SUCH RISKS, DANGERS AND HAZARDS AND THE POSSIBILITY OF PERSONAL INJURY, DEATH, PROPERTY DAMAGE OR LOSS RESULTING THEREFROM.

In consideration of the RELEASEES agreeing to sell, lend, try or rent me Bikes, Ebikes, Equipment and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, I hereby agree as follows:

1. TO WAIVE ANY AND ALL CLAIMS that I have or may in the future have against the RELEASEES from any and all liability for any loss, damage,
expense or injury, including death, that I may suffer or that my next of kin may suffer, as a result of my participation in biking or the use of the
Equipment, DUE TO ANY CAUSE WHATSOEVER, AND HOWSOEVER CAUSED INCLUDING NEGLIGENCE, BREACH OF CONTRACT, OR
BREACH OF ANY STATUTORY OR OTHER DUTY OF CARE, INCLUDING ANY DUTY OF CARE OWED UNDER THE OCCUPIERS’ LIABILITY
ACT R.S.A. 1980, c 0)-3 ON THE PART OF THE RELEASEES, AND FURTHER INCLUDING THE FAILURE ON THE PART OF THE RELEASEES
TO SAFEGUARD OR PROTECT ME FROM THE RISKS, DANGERS AND HAZARDS IN PARTICIPATING OR IN BIKING; OR DUE TO
NEGLIGENCE, BREACH OF CONTRACT, OR BREACH OF WARRANTY ON THE PART OF THE RELEASEES IN RESPECT OF THE DESIGN,
MANUFACTURE, SELECTION, INSTALLATION, MAINTENANCE, RENTAL, INSPECTION, SERVICE OR REPAIR OF THE EQUIPMENT, OR IN
RESPECT OF THE PROVISION OF PROVIDING OR THE FAILURE TO PROVIDE ANY INFORMATION, WARNINGS, DIRECTIONS,
INSTRUCTIONS, OR GUIDANCE AS TO THE USE OF THE BIKE OR EQUIPMENT.

2. TO HOLD HARMLESS AND INDEMNIFY THE RELEASEES for any and all liability for any property damage, loss or personal injury to any third party
resulting from my participation in Biking or my use of the Equipment.
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3. I agree to release, hold harmless and waive any claims against the Releasees and indemnified parties arising out of or related to the use of the EBike or
Equipment, including any claims from or related to the negligence of the Releasees or indemnified parties.

4. I hereby hold harmless, waive and release any and all claims, demands, actions, or causes of action of any kind, howsoever caused, arising out of any
changes made to the settings of the Bike or equipment, weather caused by my own actions, the actions of others, and any information provided on the
settings of the Bike or equipment.

5. I acknowledge that changing the settings or making modifications of a Bike or equipment carries inherent dangers and risks, including but not limited to
the risk of injury or death. I understand and acknowledge that these risks may be increased by my own actions or inactions, the actions or inactions of
others, the condition of the Bike or equipment, the terrain, weather, and other factors beyond the control of the Releasees of the bike or equipment.

4. I agree to assume all risks associated with the changing of settings or making modifications of the Bike or equipment, and agree to hold harmless and
indemnify the Releasees from any and all liability, claims, demans, actions, or causes of action, howsoever caused, of any kind arising out of or related
to the use of the Bike or equipment.

5.. This Release Agreement shall be effective and binding upon my heirs, next of kin, executors, administrators, assigns and representatives, in the event of
my death, injury or incapacity.

6. This Release Agreement and any rights, duties and obligations as between the parties to this Release Agreement shall be governed by and interpreted
solely in accordance with the laws of the Province of Alberta and no other jurisdiction; and

7. Any litigation involving the parties to this Release Agreement shall be brought solely within the Province of Alberta shall be within the exclusive
jurisdiction of the Alberta Courts.
In entering into this Release Agreement, I am not relying on any oral or written representations or statements made by the Releasees with respect to the
safety of participating in Biking, other than what is set forth in this Release Agreement.

I CONFIRM THAT I HAVE READ AND UNDERSTOOD THIS RELEASE AGREEMENT PRIOR TO SIGNING IT, AND I AM AWARE THAT BY SIGNING
THIS RELEASE AGREEMENT I AM WAIVING CERTAIN LEGAL RIGHTS WHICH I OR MY HEIRS, NEXT OF KIN, EXECUTORS, ADMINISTRATORS,
ASSIGNS AND REPRESENTATIVES MAY HAVE AGAINST THE RELEASEES.

2025