AUCTION TERMS AND CONDITIONS
For Contingency and Non-Contingency Bidders

Any potential bidder who does not understand these Terms and Conditions should seek legal advice before registering to bid, executing any document relating to this auction, whether electronically or otherwise, or placing a bid.

IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS SET FORTH BELOW,
DO NOT EXECUTE THIS DOCUMENT AND DO NOT BID.

1. PROCEDURE: Any person who registers or bids at an auction conducted by RE/MAX Platinum
(the “Bidder”) agrees to be bound by these Terms and Conditions, the auction announcements, and the Contract for Purchase and Sale. These Terms and Conditions shall be binding on the parties thereto and their successors and assigns. Bidder further acknowledges receiving a copy of these Terms and Conditions for their records. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions. Bidding for each auction ends at the time specified in the auction details on the auction website for each particular property, with a soft close, meaning that a bid in the final three minutes will extend bidding by 3 minutes. Once submitted, a bid may not be retracted. Any attempt by a Bidder to retract a bid will result in such Bidder being prohibited from participating in any future auction held by RE/MAX Platinum and may subject such Bidder to potential legal liability, including, but not limited to, liability for damages suffered by the seller of the property (“Seller”) and/or RE/MAX Platinum. All bids placed are in U.S. DOLLARS as provided in the auction details on the auction website for each particular property.

2. BUYERS PREMIUM: Buyer’s Premium will be added to the final bid price to arrive at the final contract sales price.
Actual Buyer’s Premium will be stated in the auction details on the auction website for each particular property.

3. INSPECTIONS: Any and all inspections that a Bidder may want must be done at Bidder’s expense prior to 20 days close of sale. Auctions may or may NOT be contingent upon subject to financing, appraisal, survey, inspections, or any other contingency of any kind nor will closing of the sale of the auctioned property be delayed for any such reason.
Seller and RE/MAX Platinum have not made any independent investigation or verification of the information and make no representation as to its accuracy or completeness. In bidding on the auctioned property, Bidder is relying solely on Bidder’s own investigation of the auctioned property and not on any information provided or to be provided by Seller or RE/MAX Platinum.

4. ACCEPTANCE OF BID PRICES: In the event Bidder is the successful Bidder at the auction, Bidder’s bid
constitutes an irrevocable offer to purchase the auctioned property and Bidder will be bound by said offer. Upon acceptance of  the seller, the successful Bidder will enter into a Contract for Purchase and Sale for the auctioned property immediately upon being declared the successful Bidder by the Auctioneer. Upon the close of the auction, the Contract for Purchase and Sale will be forwarded via email to the successful Bidder. RE/MAX Platinum must receive a
signed copy of the Contract for Purchase and Sale from the successful Bidder on or before seventy-two (72) hours
after the end of the auction. The down payment from the successful Bidder shall be made upon acceptance of the
Contract for Purchase and Sale by Seller. The Contract for Purchase and Sale will be accepted via hand delivery,
fax, or email of a scanned copy. In the event that Bidder is the successful Bidder but fails or refuses to execute
the Contract for Purchase and Sale, Bidder acknowledges that, at the sole discretion of Seller, these Terms and
Conditions together with the Contract for Purchase and Sale executed by the Seller are to be construed together
for the purposes of satisfying the statute of frauds and will collectively constitute an enforceable agreement
between Bidder and Seller for the sale and purchase of the auctioned property. Further, a successful Bidder who
does not execute and return the Contract for Purchase and Sale within seventy-two (72)  hours of the end of the
auction and deposit the down payment upon acceptance of the Contract for Purchase and Sale by Seller, will be
considered in default and will remain liable to RE/MAX Platinum and/or Seller for any damages
resulting from its failure to comply with these Terms and Conditions.

5. BIDDER VERIFICATION: All Bidders must provide their full name, address and daytime/evening phone
number along with any documents required by Seller to verify Bidder.  RE/MAX Platinum reserves the right to deny registration or reject any Bidder. The identity of all Bidders will be verified, bidding rights are provisional, and if complete verification is not possible, RE/MAX Platinum will reject the registration, and bidding activity will be terminated. Seller, Seller’s agent and RE/MAX Platinum reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as theyare responsible for ANY and ALL activity involving their account. When using the RE/MAX Platinum
website all Bidders must obey any and all local state and federal laws. Violations will result in termination of
website use privileges.

6. DOWN PAYMENT: 10% of the purchase price of the auctioned property will be due upon acceptance of the
Contract for Purchase and Sale by Seller. Business or Personal Checks or Wire Transfer are accepted. Successful
Bidder shall be responsible for all wire transfer fees.

7. CLOSING: Closing shall be on or before 2:00 PM on the date set forth in the Contract for Purchase and Sale.

8. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant, if any.

9. TITLE: Seller shall furnish the successful Bidder(s) at Buyer’s expense an Owner’s Policy of Title Insurance
in the amount of the purchase price, and agrees to provide and execute a deed conveying title to the auctioned
property to the successful Bidder(s). The auctioned property is and shall be subject to any and all easements,
whether recorded or not recorded, all other matters of record, any matters that would be reflected on a survey of
the auctioned property, and all state and local zoning regulations.

10. SURVEY: AT SELLERS OPTION, Seller may provide a new survey where there is no existing legal
description to convey title.

11. REAL ESTATE TAXES: The real estate taxes for the year of closing shall be paid in accordance with the
terms in the auction details on the auction website for each particular property and in the accepted Contract for
Purchase and Sale.

12. PARTICIPATION AND COMPLIANCE: By participating in an auction, Bidder represents, irrefutably
warrants and covenants that:
- It agrees to all terms and conditions set forth herein and in the auction details on the auction website for each
particular property as well as those set at the beginning of the auction.
- It shall not misrepresent its ability to close the purchase of the auctioned property pursuant to the terms and
conditions of the auction.
- It has the capacity to close the purchase of the auctioned property and that any bid it makes on the auctioned
property constitutes an irrevocable offer to buy the auctioned property for the full amount of the bid plus buyer’s
premium.
- It has the legal authority to enter into a Contract for Purchase and Sale to purchase the auctioned property.
- It shall forfeit all deposits and/or down payment or otherwise pay as liquidated damages all monies deposited if
payment is not made in full by the time specified.
- It represents and warrants that it is bidding on its own behalf and not on behalf of or at the direction of Seller.
- It understands and acknowledges that any attempt to retract a bid will result in Bidder and any related entities or
entities under common control with Bidder being disqualified from all future auctions held by RE/MAX Platinum.

13. DISCLAIMER; ABSENCE OF WARRANTIES: All information contained in the auction details on the
auction website for each particular property and all related materials are subject to the terms and conditions
outlined in the Contract for Purchase and Sale. The auctioned property is being sold on an “AS IS, WHERE IS”
basis, and no warranty or representation either expressed or implied, concerning the auctioned property is made
by the Seller, Seller’s agent or RE/MAX Platinum. All lines drawn on maps, photographs, etc., of the
auctioned property are approximate. The information in the auction details on the auction website for each particular property is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Seller’s agent or RE/MAX Platinum. Conduct of the auction and increments of bidding are at the
direction and discretion of the Auctioneer. All decisions of RE/MAX Platinum are final.

14. MALFUNCTION, SHUTDOWN, AND LOSS OF SERVICE: The results of the auction may be rendered
void if malfunction, shutdown, or temporary loss of internet service occurs. In such an event, RE/MAX Platinum reserves the right to remedy the situation in whichever way best benefits the Seller, including the cancellation of existing bids. RE/MAX Platinum shall not be held liable in any way for any malfunctions, shutdowns, or loss of internet service. Bidder acknowledges and understands that internet service may or may not function correctly at the close of the auction. Under no circumstances shall Bidder have any kind of claim against RE/MAX Platinum or anyone else if the internet service fails to work correctly during the close of the auction. RE/MAX Platinum will not be responsible for any missed bids from any source.

15. INDEMNIFICATION AND ACCEPTANCE OF TERMS; WAIVER OF JURY TRIAL: Bidder agrees to
indemnify and hold harmless Seller, Seller’s agent and RE/MAX Platinum from and against all claims
and liabilities resulting from any online auction, including but not limited to: proximate or consequential damages,
failure to comply with local, state, or federal laws, and cost of legal expenses arising therefrom. No person shall
have any claim against RE/MAX Platinum, their respective agents or employees for any injuries
sustained or damages to or loss of property that may occur. These Terms and Conditions, and all questions with
respect to the interpretation of these conditions, shall be governed by and construed in accordance with the laws
of the State of Missouri, without regard to conflict of laws provisions. Bidder expressly consents to personal and
exclusive jurisdiction in the courts of the State of Missouri located in St. Charles County. BIDDER HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE EXTENT PERMITTED BY
APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING
UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE
TRIED BEFORE A JUDGE SITTING WITHOUT A JURY. In bidding, Bidder consent to agreeing with all the
Terms and Conditions stated above and any auction specific terms posted in the auction details on the auction
website for each particular property and/or terms emailed to Bidder and or terms provided to Bidder by RE/MAX Platinum.

16. ACKNOWLEDGMENT OF RISK: Potential Bidders when inspecting and successful Bidders or their agents
acknowledge that the auctioned property is a potentially dangerous place. Every person who enters the auctioned
property does so at his or her own risk with notice of the condition of the premises and the activities that will be
or have been conducted on the premises. Successful Bidders will so advise their agents and employees. This
acknowledged risk extends into all activities involved in the inspection of the auctioned property and preparation
of the auctioned property for closing, including disconnection of utilities. Persons attending the auctioned property
during preview, sale or inspection assume all risks of injury damage or loss of property and specifically release
Seller, Seller’s agent and RE/MAX Platinum from liability.

16. ANNOUNCEMENTS. Auction announcements take precedence over anything previously stated or printed,
including these Terms and Conditions.

17. NO ADDITIONAL RIGHTS. These Terms and Conditions, especially as they relate to the qualifications of
potential Bidders, are designed for the protection and benefit of Seller and do not create any additional rights or
causes of action for Bidder. On a case-by-case basis, and at the sole discretion of Seller or RE/MAX Platinum,
exceptions to certain Terms and Conditions may be made.

19. In the event that any provision contained in these Terms and Conditions is determined to be invalid, illegal,
or unenforceable by a court of competent jurisdiction, the validity, legality, and enforceability of the remaining
provisions of the Terms and Conditions will not be in any way impaired.