General Auction Nation Terms and Conditions These Terms and Conditions apply to any use of the Platform and each and every auction (“Auction”) conducted on AuctionNation.com, or by Auction Nation, LLC or its affiliates (collectively “Auction Nation”) on behalf of one or more sellers (each, a “Seller”) of tangible or intangible property or goods (collectively “Items” and individually an “Item”). Persons who participate in an Auction are referred to in these Terms and Conditions as “Users”. A User who submits the highest bid on an Auction is referred to in these Terms and Conditions as a “Winning Bidder”. Offers or bids submitted by any User in an Auction are referred to individually as a “Bid” and collectively as “Bids”. AuctionNation.com, the website auction platform and all associated tools and serves are referred to in these Terms and Conditions as the “Platform”. BY USING THE PLATFORM, YOU ARE ENTERING INTO A LEGALLY BINDING AGREEMENT WITH AUCTION NATION AND ARE AGREEING TO THESE TERMS AND CONDITIONS IN THEIR ENTIRETY. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS IN THEIR ENTIRETY, YOU MAY NOT USE THE PLATFORM. 1. POSTPONEMENT; DISPUTES Auction Nation reserves the right to postpone, extend, or cancel any Auction, bid, or items in any Auction at any time without prior notice. By using the Platform, you agree that in any dispute on or relating to the Platform or any Auction or Item or Bid, Auction Nation has the exclusive authority to make binding and non-appealable decision(s) regarding any such dispute. 2. BUYING Bids. All Bids submitted in any Auction are irrevocable, unless otherwise stated on the Auction page. Auction Nation reserves the right to cancel any Bid for any reason at any time prior to the end of an Auction, or after the Auction pursuant to Auction Nation’s confirmation of the purchase and sale. All Auctions are subject to confirmation by Auction Nation and/or the Seller, meaning that the Winning Bidder’s purchase of the Item(s) is subject to, and conditioned upon, Auction Nation’s and/or Seller’s approval of the purchase and sale. If Auction Nation and/or the Seller choose not to approve the purchase and sale of the Item(s), Auction Nation will refund the Deposit to the Winning Bidder. Payment. All invoices with a total of less than $1000 will be charged to the Winning Bidder’s credit card on file upon close of bidding. All invoices with a total more than $1000 will be charged a deposit of 10% (“Deposit”) of the total invoice amount on the Winning Bidder’s credit card on file, and the Winning Bidder must pay the remaining balance in full by cash or wire transfer no later than the next business day following the end of the Auction. The Deposit is non-refundable to the Winning Bidder unless Auction Nation and/or the Seller elect not to approve the purchase and sale of the Item(s), as provided above. Buyer’s Premium. If the Auction page for a particular Item or Items indicates that a “Buyer’s Premium” is in effect for the Auction, the Winning Bidder will be required to pay the Buyer’s Premium, in the amount specified on the AuctionNation.com website page for a particular Item or Items, in addition to the Winning Bidder’s Bid amount in accordance with the “Payment” section of these Terms and Conditions. Default. If payment in full is not received by the end of the business day following the day on which the Auction closed, Auction Nation may cancel all Bids and charge to the Winning Bidder a relisting fee of 25% of the total invoice amount (“Relisting Fee”) to the Winning Bidder’s credit card on file. Any Deposit paid by the Winning Bidder will be applied to the Relisting Fee. By placing a Bid you (A) acknowledge that the Relisting Fee is reasonable in scope and amount and adequately and appropriately compensates Auction Nation for the expense it incurs as a result of the Winning Bidder’s failure to comply with the payment terms of these Terms and Conditions, and further acknowledge that Auction Nation’s actual damages resulting from Winning Bidder’s breach of these payment terms would be impractical and extremely difficult to calculate, (B) acknowledge that the Item or Items may be sold to another User, (C) agree to pay the Relisting Fee in accordance with this paragraph, and (D) authorize Auction Nation to charge the credit card on file in accordance with this paragraph. THERE WILL BE ABSOLUTELY NO CHARGEBACKS OR DISPUTES OF THE RELISTING FEE. Credit Card Authorization. A $0.00 credit card authorization will be charged to a User’s credit card on file after submitting his or her first Bid at any Auction. This authorization is a pending hold on your card and is held by the credit card company for varying lengths, but typically 24-72 hours. The payment charged to the Winning Bidder’s credit card on file is separate from this authorization. A User that submits one or more Bids but is not a Winning Bidder will not be charged any amount. 3. AUCTIONS Notice of Reserve. ALL AUCTIONS ARE WITH RESERVE. Pursuant to UCC § 2-328 and applicable state law, notice is hereby given that in the event of a reserve, Auction Nation or its affiliates may implement such reserves by bidding on behalf of the seller, using one or more bidder numbers, until the lot or lots have reached a bid amount that is acceptable to the Seller. Notwithstanding the existence of any reserve, a Seller may accept a bid lower than any reserve price in its sole discretion. Counterbidding. Except where prohibited by applicable law, Auction Nation may counterbid on behalf of a Seller on any Item or Items. Interest. If Auction Nation has an interest in an offered Item or lot other than any commissions, including risk of removal, Seller’s objection to selling an Item or lot for a particular price, or any other interest, Auction Nation may bid using one or more “house” bidder numbers to protect such interest. 4. ITEM REPRESENTATION Descriptions, photos and any other information given by Auction Nation or any of its agents or representatives, is solely for informational purposes. Auction Nation is not responsible for inaccurate photos, descriptions or information, express or implied. Users are encouraged to view items in person, when possible, and to do their own research and due diligence prior to bidding. All items in any Auction are sold “AS IS”, “WHERE IS”, and “WITH ALL FAULTS” with no warranty, express or implied, unless otherwise stated on the Auction in express terms. AUCTION NATION MAKES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO ANY AUCTION OR ITEM OR ITEMS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSES, TITLE AND NON-INFRINGEMENT. EACH USER HEREBY RELEASES AUCTION NATION AND ITS REPRESENTATIVES, AFFILIATES, SUBSIDIARIES, EMPLOYEES, OFFICERS, DIRECTORS, ATTORNEYS OR AGENTS (“REPRESENTATIVES”) FROM ANY AND ALL CLAIMS THAT SUCH USER MAY NOW HAVE OR HEREAFTER ACQUIRE AGAINST AUCTION NATION OR ANY REPRESENTATIVES FOR ANY DAMAGES, INJURY, EXPENSES, LOSSES, CLAIMS, COSTS, OR LIABILITIES ARISING FROM OR RELATED TO ANY ERROR, INFORMATION, OMISSION, ACT, OR CONDITION AFFECTING ANY ITEM OR ITEMS IN ANY MANNER WHATSOEVER. THIS SECTION SURVIVES ANY TERMINATION OF THESE TERMS AND CONDITIONS. 5. LIMITATION OF LIABILITY USERS VIEW AUCTIONS AND SUBMIT BID(S) AT THEIR OWN RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER AUCTION NATION NOR ANY OF ITS REPRESENTATIVES SHALL UNDER ANY CIRCUMSTANCES BE LIABLE TO ANY USER (INCLUDING WINNING BIDDERS) OR THIRD PARTY FOR ANY DAMAGES, INJURY, EXPENSES, LOSSES, CLAIMS, COSTS, OR LIABILITIES ARISING FROM OR RELATED TO THE USE OF THE PLATFORM, OR PARTICIPATION AS A USER OR SELLER IN ANY AUCTION OR RELATED IN ANY WAY TO THE PLATFORM. THE FOREGOING LIMITATION OF LIABILITY EXTENDS TO ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES. THIS PARAGRAPH SURVIVES ANY TERMINATION OF THESE TERMS AND CONDITIONS. 6. INDEMNIFICATION You agree to indemnify, defend, and hold Auction Nation and Auction Nation’s Representatives harmless, including any and all damages, losses, costs, liabilities and legal fees, from any claim or demand made by any third party arising out of or relating to: (A) your access to or use of the Platform; (B) your violation of any third party right, including without limitation any copyright, property, or privacy right; or (C) any violation of these Terms and Conditions. Auction Nation reserves the right, at your expense, to assume the exclusive defense and control of any matter subject to this indemnification, and you agree to cooperate in such defense. You agree not to settle any matter in which you have indemnity obligations without Auction Nation’s prior written consent. This paragraph survives any termination of these Terms and Conditions 7. LIMITED LICENSE The Platform is owned or licensed by Auction Nation. Auction Nation grants Users a limited, transferable and revocable license to use the Platform as provided in these Terms and Conditions. Any copying, adapting, modifying, distribution, licensing, sale, transfer, display, transmission, broadcast, or other use of the Platform without Auction Nations express written consent is prohibited. Any violation by any User of these Terms and Conditions, including this paragraph, may result in immediate termination of the limited license and right to use the Platform. 8. PROHIBITED USE No User may use or access the Platform, or cause or allow the Platform to be used or accessed by any third party, in any way that violates these Terms and Conditions, including any use which: Violates any law; Competes with Auction Nation’s business, directly or indirectly, in Auction Nation\s sole discretion; Impairs the Platform or any Auction Nation property, whether through transmission of software viruses, harmful files, or excessive use; Interferes with any other User’s or Auction Nation’s use of the Platform; Threatens, harms, harasses, misleads or deceives others, including other Users or Auction Nation; Solicits personal information from any User; Defames any other User or Auction Nation; Promotes illegal substances, pornography, discrimination or bigotry, or other information which Auction Nation determines to be harmful to the Platform or Auction Nation’s business or any Users; Creates any derivative works of the Platform, or any other adaptation or modification of the Platform; or Attempts to gain or gains unauthorized access to the Platform in any manner whatsoever. 9. LEGAL DISPUTES PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR RIGHTS AND WILL HAVE A SUBSTANTIAL IMPACT ON HOW CLAIMS YOU AND AUCTION NATION HAVE AGAINST EACH OTHER ARE RESOLVED. You agree that any claim or dispute at law or equity that has arisen, or may arise, between you and Auction Nation (including any claim or dispute between you and a third-party agent of Auction Nation) that relates in any way to the Platform or arises out of this or previous versions of these Terms and Conditions, your use of or access to the Platform, the actions of Auction Nation or its Representatives, or any products or services sold or purchased through the Platform, will be resolved in accordance with the provisions set forth in this Legal Disputes section. Applicable Law. Except to the extent preempted or inconsistent by federal law, the laws of the state of Arizona govern these Terms and Conditions and the Platform and any claim that has arisen or may arise from the same, without regard to conflict of laws principles. Arbitration. You and Auction Nation agree that any and all disputes or claims that have arisen, or may arise, between you and Auction Nation or its Representatives that relate in any way to or arise out of this or previous versions of these Terms and Conditions, your use of or access to the Platform, the actions of Auction Nation or its Representatives, or any products or services sold or purchased through the Platform shall be resolved exclusively through final and binding arbitration, rather than in court. Alternatively, you may assert your claims in small claims court, if your claims qualify and so long as the matter remains in such court and advances only on an individual (non-class, non-representative) basis. The Federal Arbitration Act governs the interpretation and enforcement of this section. YOU AND AUCTION NATION AGREE THAT EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, OR REPRESENTATIVE OR PRIVATE ATTORNEY GENERAL ACTION OR PROCEEDING. UNLESS BOTH YOU AND AUCTION NATION AGREE OTHERWISE, THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN MORE THAN ONE PERSON’S OR PARTY’S CLAIMS. THE ARBITRATOR MAY AWARD RELIEF (INCLUDING MONETARY, INJUNCTIVE, AND DECLARATORY RELIEF) ONLY IN FAVOR OF THE INDIVIDUAL PARTY SEEKING RELIEF AND ONLY TO THE EXTENT NECESSARY TO PROVIDE RELIEF NECESSITATED BY THAT PARTY’S INDIVIDUAL CLAIM(S). ANY RELIEF AWARDED CANNOT AFFECT OTHER USERS. If a court decides that applicable law precludes enforcement of any of this paragraph’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to the right to appeal the court’s decision. All other claims will be arbitrated. Procedures. An arbitrator should apply the terms of these Terms and Conditions as a court would. All issues are for the arbitrator to decide, except for issues related to the ability or requirement to arbitrate or the scope or enforcement of this section or these Terms and Conditions. The arbitration shall be conducted by the American Arbitration Association (“AAA”) under its rules and procedures determined by Auction Nation. The AAA’s rules are available at www.adr.org. If you intend to seek arbitration, you must first send to Auction Nation a written notice by certified mail specifying in detail the claim or claims you seek to arbitrate, including, without limitation, the date upon which the claim or claims were discovered, the alleged basis for such claim or claims, any and all relief sought, and any efforts prior to such written notice that were made in an effort to resolve the dispute. The notice must be sent to Auction Nation, 2710 W. Bell Rd. Ste 1240, Phoenix, AZ 85053. If you and Auction Nation are not able to resolve the claim or claims within 60 days of the date of Auction Nation’s receipt of the written notice, you or Auction Nation may arbitrate the claim or claims. In addition to filing the appropriate forms with the AAA in accordance with its rules and procedures, you must mail a copy of the completed forms to Auction Nation. You may send a copy to Auction Nation at the following address: 2710 W. Bell Rd. Ste 1240, Phoenix, AZ 85053. The arbitration will be held in Maricopa County, Arizona, unless another location is mutually agreed upon. The arbitrator will determine the substance of the claim or claims in accordance with the AAA rules and regulations and applicable law. The arbitrator shall not be bound by rulings in prior arbitrations involving any other User but is bound by any prior ruling including the same User who brought the instant arbitration claim or claims. The arbitrator’s award is final and binding and non-appealable, and judgment on the award rendered by the arbitrator may be entered in any court having proper jurisdiction. Costs. All fees and costs related to any claim submitted to arbitration are governed by the AAA’s rules and regulations. In any arbitration arising out of or related to these Terms and Conditions, the arbitrator shall award to the prevailing party, if any, the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the arbitration. If the prevailing party won on some but not all of the claims and counterclaims, the arbitrator may award the prevailing party an appropriate percentage of the costs and attorneys’ fees reasonably incurred by the prevailing party in connection with the arbitration. Forum. In the event that the above arbitration procedures are found not to apply to you or to a particular claim or claims or dispute, you agree that any claim or claims or dispute that arises or has arisen shall be subject to the exclusive jurisdiction of the state or federal courts in Maricopa County, Arizona. You and Auction Nation agree to submit to the personal jurisdiction of the courts located in Maricopa County, Arizona for purposes of litigating any such claim or claims or disputes. Survival. This section survives any termination of these Terms and Conditions. 10. AMENDMENT Auction Nation may amend these Terms and Conditions at any time by posting the amended Terms and Conditions on AuctionNation.com. Such amendment may include modification, addition or removal of terms in these Terms and Conditions. Your continued access and/or use of the Platform constitutes acceptance of any such amended Terms and Conditions. Auction Nation may also request that you accept the Terms and Conditions affirmatively through the Platform. 11. SEVERABILITY Except as otherwise provided in these Terms and Conditions, if any provision of the Terms and Conditions is held to be invalid, void or for any reason unenforceable, such provision shall be struck out and shall not affect the validity and enforceability of the remaining provisions. 12. AUTHORITY If you create an account or use an account on the Platform on behalf of an entity, you represent and warrant that you are authorized to act on behalf of said entity and are able to bind such entity to these Terms and Conditions. By creating an account or using such an account on the Platform, you understand that Auction Nation is relying on your representation and warranty by allowing the entity’s participation in Auctions and use of the Platform. The creation of an account by and User for or on behalf of any other person is strictly prohibited. The use of any account by a person who is not the owner (or authorized agent, if the account is registered to an entity) of such an account is strictly prohibited. Auction Nation may terminate your ability and/or the account holder’s ability to use the Platform or participate in Auctions, or cancel any Bids placed by you or the account holder (under the same account or otherwise) for violation of the terms and conditions in this section.