CONSIGNOR AUCTION INFORMATION

Auction Agreement

August 1, 2018

Company Name: Contact Name: Phone: Address: Email: _____________________________________________

TERMS: BUYER – SUCCESSFUL BIDDER AT AUCTION

SELLER – OWNER AND CONSIGNOR OF AUCTION ITEM (ITEMS) AUCTIONEER – HENDERSON AUCTIONS a division of J. A. H. Enterprises, Inc. CLOSING – THE COMPLETION OF TRANSFER OF OWNERSHIP TITLE OF AUCTION ITEM FROM SELLER TO BUYER. This Auction Agreement is entered into by Henderson Auctions of Livingston Louisiana, hereinafter referred to as AUCTIONEERS, and SELLER listed above Hereinafter collectively referred to as SELLER under the following terms and conditions: Henderson Auctions agree to conduct a public auction sale of the items of property described on addendum A section of the contract. Auction to be conducted at 13340 Florida Blvd. Livingston, LA 70754 on the 13 th -15 th day of September 2018 . (1). OWNER agrees to pay AUCTIONEERS for the services rendered by AUCTIONEERS a commission of Ten Percent 10% of the gross receipts from all sales of the Property made during the effective period of this Auction Agreement whether such sales are made at public auction, by private sale or in any other manner. The effective period of this Auction Agreement will be for Ninety (90) consecutive calendar days starting on the effective date stated herein. Special Terms:_________________________________________________ (3). OWNER and AUCTIONEERS agree that all checks shall be made payable to HENDERSON AUCTIONS. AUCTIONEERS will be allowed a period of 15 banking days from the sale date in which to remit to OWNER his/her portion of the proceeds from said auction, and at the same time, AUCTIONEERS will provide OWNER with a written itemization of each item of Property sold, the selling price, and the actual dollar amount received therefore. (4). AUCTIONEERS shall use OWNER’S name and in OWNER’S behalf act as fully and to the same extent as OWNER could do personally, to execute all necessary deeds (if any), bills of sale, conveyances and other instruments to every nature necessary or appropriate to the carrying out the power of sale herein granted and the transfer of title to the Property herein described to the respective buyers thereof; provided, however, that AUCTIONEERS shall not make or provide buyers or any other persons with any oral or written representations or warranties on OWNER’S behalf relating to any items of Property, which Property shall be sold “ AS IS, WHERE IS, AND WITH ALL FAULTS ” in each instance. (2). AUCTIONEERS agree to prepare all advertising material and publicity necessary to advertise and promote attendance of buyers and shall be paid the sum of $0 for same.

(5). OWNER hereby agrees to sell the above-mentioned Property to the highest bidder and deliver to the purchaser Bill of Sale and Titles free and clear of ALL liens and encumbrances.

(6). OWNER agrees that during the effective period of this contract OWNER will not sell, or cause to be sold, any of the Property described in this agreement, save and except through the AUCTIONEERS.