OFFICIAL AUCTION TERMS & CONDITIONS

ATTENTION BIDDERS: By registering and bidding, you acknowledge that you have read, understand, and agree to be legally bound by the following terms. Do not bid unless you agree to all terms.

1. Registration & Eligibility

· Requirements: All registration information must be current, complete, and accurate. Bidders must be 18 years of age or older.

· Right of Refusal: Sherwood Auction Service, LLC (the "Auctioneer") reserves the

right to deny registration or bidding privileges to any person or entity at its sole

discretion.

2. Nature of Sale

· Pursuant to its rights under Sections 25-7-209 and 25-7-210 of the North Carolina General Statutes and all related provisions, Impact Warehouse, LLC ("Seller"), as warehouseman, claims a warehouse lien on the items of personal property being offered for sale in this auction (the "Sale Items") under a warehouse receipt or storage agreement, and is selling the Sale Items to collect the unpaid commercial indebtedness owed to Seller pursuant to that certain Fulfillment Services Master Supply Agreement dated August 29, 2020 and all related amendments, including the Second Amendment to the Warehouse Management Agreement dated September 1, 2022, all executed by Wallbox USA Inc., a Delaware corporation. The Sale Items being sold are owned and held on account of Wallbox USA Inc.

3. "As-Is, Where-Is and With All Faults" Disclaimer

· No Warranties: All Sale Items are being sold "AS-IS, WHERE-IS, AND WITH ALL FAULTS," and WITH NO REPRESENTATIONS OR WARRANTIES OF ANY TYPE, INCLUDING, WITHOUT LIMITATION, WARRANTIES AS TO TITLE, CONDITION, POSSESSION, QUIET ENJOYMENT, MERCHANTABILITY, DESCRIPTION, OR FITNESS FOR A PARTICULAR PURPOSE. Without limiting the foregoing in any way, neither the Seller nor the Auctioneer, or both, nor the officers, members, attorneys, employees, agents or authorized representatives of either the Seller or Auctioneer make any representation or warranty relating to the health or safety conditions relating to the Sale Items being offered for sale, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition expressly are disclaimed

The Seller will sell, grant, convey, transfer, and deliver unto the successful purchaser all right, title, and interest in and to the Sale Items which the Seller has a right to sell as a warehouse having a lien under Section 25-7-209 of the North Carolina General Statutes, but no further or otherwise. The Sale Items will be sold subject to prior or superior liens, taxes, and special assessments, if any.

· Descriptions: Descriptions are provided in good faith as matters of opinion. All lists and descriptions of the Sale Items represent a good faith effort made by the Seller and Auctioneer to provide a general description of the Sale Items but are not representations or warranties and potential purchasers should not rely upon them in determining whether or not to purchase any of the Sale Items. The Sale Items are not returnable for any reason.

4. Conduct of Auction

· Auctioneer Authority: The Auctioneer has full discretion over bidding increments and the right to reject any bid. We reserve the right to cancel the auction or remove any lot or Sale Item at any time before the closing of the sale.

· Right of Redemption: Any person claiming a right in the Sale Items can redeem the property at any time before the sale is final by paying to the Seller the full amount necessary to satisfy the lien and the reasonable expenses incurred by Seller in connection with the enforcement of the lien. Any person who wants to redeem the property may contact the following attorney of Seller for a payoff and payment instructions: Norman J. Leonard, Ward and Smith, P.A., PO Box 2020, Asheville, North Carolina 28802-2020. Telephone: (828) 348-6013. Email: njl@wardandsmith.com.

· Postponement or Cancellation of Auction by Seller: The Seller reserves the right to continue, postpone, adjourn, or delay the auction of any or all of the Sale Items to another day, time, and place certain without further publication, upon announcement through the Auctioneer before the sale becomes final. The Seller also reserves the right to cancel the auction before the sale becomes final.

· Agency Disclosure: We act strictly as Agents for the Seller. Seller or its agents reserve the right to bid on their own behalf to protect Seller's interest. Notwithstanding any requirement herein that the sale be for Cash, Check, Money Order, or Credit Card, Seller or its agents may credit bid against all or a portion of Seller's lien amount and become the purchaser of the Sale Items being sold.

· Max Bidding: Our system will bid on your behalf up to your maximum amount. Placing a "Max Bid" is a legal contract to pay up to that amount if challenged by other bidders.



5. Buyer’s Premium & Sales Tax

· Standard Premium: A 13% Buyer’s Premium applies to all Sale Items.

· Cash/Check Discount: A 3% discount on the Buyer's Premium is available for bidders who pay via cash or check (reducing the premium to 10%).

· Sales Tax: A 6.75%North Carolina Sales Tax applies.

o Exemptions: Bidders claiming tax exemptions must have a signed form on file before the auction closes.



6. Payment Terms

· Deadlines: All purchases must be paid in full before the scheduled removal date.

· Accepted Forms: Cash, Check, Money Order, or Credit Card.

· Credit Card Limit: We WILL NOT accept credit card payments over $1,000.00

unless pre-approved. Amounts over $1,000 must be paid via Cash, Money Order, or Cashier's Check.

· Default Payment: Any Sale Items not paid for by the end of the scheduled pick-up window will have the registered credit card charged automatically.



7. Bidding Extensions (Soft Close)

· Auto-Extend: If a bid is placed within the final two (2) minutes of a lot’s closing, the clock for that lot will automatically extend for an additional two (2) minutes. This continues until all bidding activity for that lot has ceased.

8. Item Pick-Up & Removal

· Removal: The Sale Items being offered for sale is located at Seller's premises at 1559 Faucette Rd, Burlington, North Carolina 27215. Buyers are solely responsible for the rigging, loading, and removal of all Sale Items. Buyers bear all risk and responsibility for the Sale Items purchased. The Seller and Auctioneer shall not be liable for any loss or damage that occurs to the Sales Items after the auction. Buyers will be solely responsible for removal of the Sale Items from Seller's premises and for coordinating with Seller for access to the premises. Buyers must remove all Sale Items purchased within two weeks of the closing of the auction and shall be liable for any damage caused to Seller's premises due to the removal of the Sale Items. Seller's staff cannot provide loading assistance.

· Default Pickup: Sale Items not paid for by end of the scheduled pick-up time or two weeks after the auction, whichever is earlier, will be charged to the credit card on file.

· Storage Fees: A storage fee of $3.00 per calendar day applies to any Sale Items not picked up within the first week.

· Forfeiture: Sale Items left after 14 business days will be forfeited back to Sherwood Auction Service, LLC or Seller with no refund and considered abandoned property. We reserve the right to resell abandoned property.

· Shipping: Neither Sherwood Auction Service nor Seller offers any shipping services.

9. Technical Issues & Liability

· Technology: We are not responsible for missed bids due to internet failure, software

glitches, or server issues. The Auctioneer reserves the right to extend or reopen

bidding in the event of technical difficulties.

· Indemnification: Bidders agree to indemnify and hold harmless the Seller and Auctioneer from any claims, damages, or legal fees arising from the auction process or Sale Item removal.

· Jurisdiction & Venue: Bidders agree that any action relating to or arising from the auction and purchase of the Sale Items exclusively shall be instituted and prosecuted in the courts of Alamance County, North Carolina or the federal courts of the Eastern District of North Carolina. Bidders consent to the jurisdiction of said courts and waive any right or defense relating to such exclusive jurisdiction and venue.



Sherwood Auction Service LLC Office: 1-800-835-0495 (Call or Text)