MEGA AUCTIONS - ABANDONED PROPERTY AUCTION TERMS AND CONDITIONS

MEGA AUCTIONS ("AUCTIONEER") MAKES NO GUARANTEES OR WARRANTIES, EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING BUT NOT LIMITED TO CONFORMITY TO ANY SAFETY DESIGN OR POLLUTION STANDARD OR ANY OTHER REQUIREMENT OF ANY APPLICABLE AUTHORITY, LAW OR REGULATION, FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY, OR AGE, YEAR OF MANUFACTURE, MODEL, SERIAL OR OTHER NUMBERS, MAKE, CONDITION OR MILEAGE.

THIS AUCTION IS CONDUCTED FOR THE LAWFUL DISPOSITION OF PROPERTY BELIEVED TO BE ABANDONED PURSUANT TO APPLICABLE LAW, INCLUDING CALIFORNIA CIVIL CODE §§19831991 OR OTHER APPLICABLE STATUTES. EACH AND EVERY SALE SHALL BE MADE AND ACCEPTED AS IS, WHERE IS, AND AT BUYER'S RISK. THE BUYER SHALL PAY ALL COSTS FOR ANY REPAIRS. DO NOT BID UNLESS YOU HAVE DETERMINED THE CONDITION OF THE LOT FROM YOUR OWN INSPECTION OR INDEPENDENT EVALUATION. ALL ITEMS ARE SOLD QUANTITY TIMES THE $$$. ALL SALES FINAL. BY REGISTERING AND/OR BIDDING, YOU AGREE TO ALL TERMS AND CONDITIONS OF SALE.

1. Auctioneer & Seller Participation: The Auctioneer, Seller, and their respective employees, agents, and affiliated entities may register for and participate as bidders in any auction unless otherwise stated. All such participants are subject to the same terms, conditions, and bidding procedures as all other bidders, without preferential treatment. All bidding is conducted in an open, competitive format. The Auctioneer and Seller shall not engage in any bidding activity intended to artificially increase prices or manipulate the outcome of the auction. Bidders acknowledge that auction prices may vary from retail or secondary market values and agree that such differences do not affect the validity of the sale.

2. Registration & Bidder Authority: Auctioneer reserves the right to refuse registration to anyone and to reject the bid of anyone who has not registered and obtained a Bidder number or other bidding approval. Anyone bidding for an account other than his or her own must register to that effect, and by registering such Bidder warrants and represents that he or she is fully authorized to bid on behalf of the party represented and to bind that party to these Terms and Conditions.

3. Bidding Procedure & Declaration of Sale: Announcements made by Auctioneer take precedence over prior printed or posted materials. Auctioneer reserves the right to interpret and enforce these Terms and to determine bidding disputes, and such determinations shall be final. All lots shall be sold to the highest Bidder as determined by Auctioneer, unless otherwise expressly disclosed in these Terms and Conditions or in specific sale announcements. All sales are final when declared sold by Auctioneer, subject to Buyer's full compliance with payment and removal obligations. When a bid is claimed by two or more Bidders, Auctioneer may reopen bidding between those Bidders until a single high Bidder is determined. Auctioneer shall determine, in its sole discretion, whether any late bid was made prior to declaration of sale, whether to accept a disputed bid, and whether to accept or reject any bid that is merely a fractional advance over the preceding bid.

4. Payment & Settlement: Full settlement shall be made on the day of sale unless otherwise announced by Auctioneer. Buyer is not entitled to possession of any purchase until the total purchase price has been paid in currently collectible funds in a form acceptable to Auctioneer. Auctioneer may impose additional payment requirements or conditions for any lot or group of lots, as determined in its sole discretion. Buyers whose total purchase exceeds $500 must contact Auctioneer within two (2) hours of auction close to confirm payment method.

5. Taxes & Resale Certificates: All applicable sales, use, transfer, or excise taxes shall be added to the purchase price unless Buyer provides proof of exemption in a form satisfactory to Auctioneer and the applicable governing authority. Buyer shall reimburse Auctioneer for any taxes not paid by Buyer that Auctioneer is required to pay.

BUYERS MUST PROVIDE A VALID RESALE OR TAX EXEMPTION CERTIFICATE AT REGISTRATION OR PRIOR TO PAYMENT - NO EXCEPTIONS - OR SALES TAX WILL BE ADDED.

6. Descriptions, Inspection, & Disclaimer of Accuracy: No sale shall be invalidated and no liability shall be borne by Auctioneer or Seller due to any defect, error, or inaccuracy in the description of any lot, whether contained in the catalog, listing, advertising, photographs, online materials, or in any statement by Auctioneer or its agents. All such materials are provided as descriptive guides only and, although compiled from sources deemed reliable, are not guaranteed or warranted as to accuracy. All purchases are made solely upon Buyer's own inspection, independent evaluation, and judgment. Inspection may not be available for all lots. Photographs may include manufacturer or reference images which may not represent the actual condition of the item. Images may be edited or enhanced for clarity or presentation, including removal of background items or isolation of specific items, and should not be relied upon as exact representations of condition or completeness.

7. Removal, Risk, & Responsibility: Buyer is responsible to insure purchases immediately and to remove all purchases in accordance with the procedures and timelines announced or posted for the sale. Buyer shall bear all costs, responsibilities, and risk of removal, including labor, equipment, and third-party contractors, and shall repair and restore any damage to real property or improvements caused by such removal. Auctioneer reserves the right to require proof of adequate insurance coverage from any Buyer performing or arranging dismantling, rigging, or similar work. Buyer agrees to indemnify and hold harmless Auctioneer from any damage to property, injury, or loss arising, directly or indirectly, from Buyer's actions or those of Buyer's agents, contractors, or representatives in connection with removal of any lot. If any lot is not removed within the specified time, Auctioneer may, at its sole discretion and without notice, deem such lot abandoned and may resell, remove, or store the lot at Buyer's sole risk and expense.

YOU ARE RESPONSIBLE FOR ALL TAKE DOWN / PICK UP, - PACKAGING, SHIPPING ARRANGEMENTS, AND COSTS. ALL ITEMS MUST BE REMOVED BY SPECIFIED PICK UP DATES. NO REFUNDS ON ANY ITEMS LEFT AFTER PICK UP DATES - NO EXCEPTIONS. ANY ITEMS LEFT AFTER BUYER CHECKOUT IS COMPLETED WILL BE SUBJECT TO DISPOSAL FEES.

8. Time Requirements, Default, & Abandonment: Time is of the essence with respect to all payment and removal obligations. Failure to make full payment, schedule pickup, or remove any lot within the specified removal period shall constitute material default. Any lot not timely removed may, at Auctioneer's sole discretion and without further notice, be deemed abandoned by Buyer, and Buyer shall forfeit all right, title, and interest in such lot.

9. Default Remedies, Resale, & Recovery of Costs: Upon Buyer's material default, including failure to make full payment or to timely remove any lot as required under these Terms, Auctioneer may, in its sole discretion and without further notice to Buyer, exercise one or more of the following remedies: cancel the sale of the affected lot or lots; retain any monies paid as liquidated damages if Auctioneer elects to cancel the sale, the parties acknowledging that actual damages are difficult to ascertain and that such amount constitutes a reasonable estimate of damages and not a penalty; resell the lot or lots at public auction or private sale, including offering such lot or lots to underbidders; store, transfer, dispose of, donate, or otherwise handle the lot or lots in any commercially reasonable manner; and recover from Buyer any deficiency arising upon resale together with all resale costs, storage costs, removal costs, disposal costs, commissions, attorneys' fees, and other damages incurred as a result of Buyer's default. Any lot deemed abandoned pursuant to Paragraph 9 shall be forfeited without further notice, and Buyer shall have no right, title, claim, or interest in such lot or in any proceeds derived therefrom.

10. Withdrawal, Grouping, & Special Terms: Auctioneer reserves the right to withdraw any lot prior to declaration of sale, to group or regroup lots, to divide lots, or to offer any lot subject to special terms, all at any time prior to declaration of sale and without notice or liability. No Bidder shall acquire any possession rights in any lot until full payment has been received and all removal requirements have been satisfied. No Bidder shall have any claim for incidental, consequential, special, or punitive damages arising from withdrawal, regrouping, or modification of any lot prior to declaration of sale.

11. Title & Transfer Documents: Title to any lot shall transfer to Buyer only upon full payment of the purchase price in currently collectible funds. Risk of loss transfers upon declaration of sale as set forth in Paragraph 8. All available bills of sale, titles, or other transfer documents, if any, will be delivered to Buyer following full payment. In the case of payment by check, any such documents may be delivered or mailed only after satisfactory collection of funds. Auctioneer acts solely as agent for Seller and makes no independent representation or warranty regarding Seller's title to any lot except as expressly stated in these Terms. Acceptability and availability of titles and transfer documents are subject to Seller providing such documents to Auctioneer. In the event Auctioneer is unable to obtain or deliver documentation necessary to transfer Seller's interest in a lot, Auctioneer's sole liability shall be return of the purchase price actually paid upon return of the lot, if previously delivered. Auctioneer assumes no liability for registration fees, title transfer fees, penalties, storage charges, or consequential losses relating to title documentation or transfer.

12. Site Safety & Liability: Buyer acknowledges that an auction site can be a potentially dangerous place and shall immediately notify his or her agents, servants, employees, contractors, and all other accompanying persons of that fact. The auction site includes any location where a lot is located for display, inspection, loading, or removal, as well as the location from which bidding is conducted. Buyer agrees to indemnify and hold harmless Seller, Auctioneer, and their respective officers, employees, agents, servants, and representatives from and against any and all claims, losses, damages, injuries, liabilities, costs, and expenses of whatsoever kind or nature, including attorneys' fees and costs, for any injury, death, loss, or property damage occurring in, upon, or about the auction site when such loss, damage, or injury is occasioned, directly or indirectly, by the actions or omissions of Buyer or Buyer's agents, servants, employees, contractors, or representatives.

13. Equipment Use & Buyer Responsibility: The Buyer is solely responsible to inspect all equipment to insure it is in a condition where it can be safely used, to provide proper safety devices and equipment or means to meet all governmental safety standards, and to notify all persons operating the equipment as to all attendant dangers. The Buyer hereby assumes these responsibilities and agrees to indemnify and hold the Auctioneer and Seller harmless from any future claim pertaining to (1) fitness or use of that asset as purchased; (2) provision of proper safety devices or equipment; (3) notification and warning of Buyer and its representatives, agents, employees, any other users or subsequent Buyers, as to the dangers and risks attending operation of the equipment; and (4) the condition of the equipment.

14. Disputes, Interpleader, & Limitation of Liability: If a dispute arises concerning ownership of any lot or the proceeds of any sale, Auctioneer reserves the right to commence a statutory interpleader proceeding or other appropriate legal action. Any party asserting a claim to such property or proceeds shall be responsible for Auctioneer's reasonable attorneys' fees and costs incurred in connection therewith, to the extent permitted by law. Auctioneer reserves the right to cancel or postpone the auction sale, or any session thereof, for any reason prior to declaration of sale. Neither Auctioneer nor any affiliated or related company shall be responsible for incidental, consequential, special, or punitive damages arising out of these Terms and Conditions, the auction sale, or the conduct thereof, and in no event shall such liability exceed the purchase price, premium, or fees actually paid by Buyer to Auctioneer for the affected lot. If Buyer fails to comply with these Terms and Conditions, Auctioneer shall have all remedies set forth herein in addition to all remedies available at law or in equity. Rights granted under these Terms are personal to the purchasing Buyer and may not be assigned or transferred without Auctioneer's prior written consent. Any attempted assignment shall be void. No third party may rely upon any benefit or right conferred by these Terms and Conditions.

15. Governing Law & Venue: The terms of sale and rules of the auction shall be governed by and interpreted pursuant to and under the laws of the state of California. Auctioneer and bidders/buyers agree and consent that this agreement shall be performable in Ventura County, California and that jurisdiction and venue of any lawsuit arising in any way from the auction or events occurring at the auction site shall be conferred upon the courts of Ventura County, California.

16. Ownership Disclosure: Certain lots may be offered for sale on behalf of principals whose identities are not disclosed. Auctioneer acts solely as agent for Seller and assumes no ownership interest in any lot unless expressly declared purchaser. Auctioneer makes no representation as to Seller's title except as expressly set forth in these Terms and Conditions.

Welcome To One Of The Largest Abandoned Property Auctions Ever Conducted! Over $100 million in original manufacturer MSRP. More than 2.5 million inventoried units. Over 700 SKUs. Three days of bidding. One extraordinary event. Originating from a single 100,000+ square foot facility, this unprecedented disposition represents a volume of merchandise rarely encountered in the public marketplace. Months of inventory work were required simply to document the scope of the assets being offered. The final count exceeds 2.5 million units across more than 700 product lines, with a combined original manufacturer MSRP exceeding $100 million. The magnitude becomes apparent only when seen firsthand - aisle after aisle of palletized goods, thousands of lots, and a product mix spanning hundreds of distinct SKUs with an average depth of more than 3,500 units per product line. Over three days, participants will have the opportunity to acquire assets ranging from individual pallet lots to large wholesale quantities suitable for resale, export, liquidation, retail distribution, and institutional purchasing. The catalog has been structured to accommodate both independent entrepreneurs and high-volume operations. In addition to millions of units of consumer merchandise and electronics accessories, the sale includes warehouse operations equipment, logistics and material handling assets, 3D printers and prototyping equipment, testing equipment, office furnishings, and more than 50 pallets of shipping and packing supplies including boxes, mailers, and related materials. This event offers access to far more than inventory alone. The breadth of the catalog extends beyond merchandise into equipment, supplies, and specialized business assets seldom offered together in a single public sale. Whether your interest lies in sourcing products for resale, expanding an existing business, acquiring operational equipment, or securing bulk wholesale quantities, few public sales provide this combination of volume, diversity, and purchasing potential within a single event. Day 3 - Equipment, Supplies & Mixed Pallets The final day of this auction offers some of the most unique opportunities of the entire event. In addition to mixed merchandise pallets, buyers will gain access to warehouse equipment, logistics and material handling assets, 3D printers and prototyping equipment, testing systems, office furnishings, and more than 50 pallets of shipping and packing supplies. For many buyers, Day 3 represents an opportunity to acquire the tools, equipment, and supporting assets that help businesses operate, fulfill, test, and distribute products at scale.