TERMS & CONDITIONS OF REAL ESTATE AUCTION
Riverside Realty & Auction, Inc. ~VAAF #815
1. AUCTION FORMAT
This real estate auction will be conducted Online Only. All bidding will take place through the designated online
platform, By registering and/or placing a bid. each bidder acknowledges that they have read. understand. and agree to be bound by these Terms and Conditions.

2. SUBJECT TO SELLER CONFIRMATION
A" properties are being offered Subject to Seller Confirmation. The Seller reserves the right to accept or reject the highest bid. No property shall be considered sold until the Seller has accepted the high bid and the applicable purchase contract has boon executed.

3. BUYER'S PREMIUM
A 10% Buyer's Premium will be added to final high bid to determine the total contract purchase price.
Example:
High Bid: $100,000
Buyer's Premium: $10,000
Total contract price: $110,000

4. PURCHASE CONTRACT
The successful bidder will bo required to execute applicable Virginia REALTORS@ purchase contract and auction addenda/documents immediately following Seller acceptance. The auction Terms and Conditions and any applicable addenda shall become part 01 the purchase agreement.

5. EARNEST MONEY DEPOSIT
The Successful bidder shall deliver a $5,000 Earnest Money Deposit per property purchased within forty-eight (48) hours or less following Seller acceptance and execution/ratification of the purchase contract.
The Earnest Money Deposit shall be applied toward the purchase price at closing. Failure of the successful bidder to timely execute the required documents or deliver the required Earnest Money Deposit may constitute a default under the purchase agreement and auction terms.

6. CLOSING
Closing shall occur within (45) days following ratification of the purchase contract unless otherwise agreed to in
Writing by the Sener and Time is Of the essence.

7. NO FINANCING CONTINGENCY
The sale is not contingent upon the Buyers ability to obtain financing. Bidders should arrange any necessary financing prior to bidding. Failure to obtain financing shall not relieve the Buyer Of their obligations under the purchase contract.

8. NO APPRAISAL CONTINGENCY
The gale is not contingent upon the property appraising the purchase price. Tho Buyer acknowledges that the auction price is established through competitive bidding and agrees to complete the purchase regardless Of any subsequent appraisal.

9. PROPERTY SOLD AS-IS, WHERE-IS
All properties are being sold AS-IS, WHERE-IS, with all faults. known or unknown, and Without warranties or guarantees by the Seller, Auctioneer, Auction Firm, or their agents except as may be expressly stated in the executed purchase contract, prospective bidders are encouraged to inspect and investigate the property to their satisfaction before bidding.

10. ACREAGE
Any acreage amounts advertised. announced, displayed online. contained in tax records. maps. brochures. or Other marketing materials are approximate and provided for informational purposes only. There are no warranties or guarantees regarding exact acreage. The sale is based upon property being conveyed and not upon a guaranteed price per acre or guaranteed acreage amount. unless specifically stated otherwise in writing.

11. PROPERTY LINES & BOUNDARIES
Property lines. boundary lines, maps. aerial photographs. GIS information, Land ID information, tax maps. and other illustrations are provided for informational and marketing purposes only. Riverside Realty & Auction, Inc. does not warrant or guarantee the location or accuracy of property lines or boundaries. Buyers are responsible for conducting any survey or boundary investigation they deem necessary prior to bidding.

12. MINERAL RIGHTS
Mineral rights are unknown.
Neither the Seller nor Riverside Realty & Auction, Inc. makes any representation or warranty concerning the ownership, existence, reservation. severance, or conveyance of coal. Oil, gas, mineral. or other subsurface rights. Buyers are responsible for conducting their own investigation concerning mineral rights prior to bidding.

13. DUE DILIGENCE
All bidders are responsible for conducting their own due diligence prior to bidding, including, but not limited to: acreage; property boundaries; surveys: easements and rights-of-way; access; zoning; restrictions and covenants; utilities; water and sewer availability: Septic suitability; environmental conditions; mineral rights; taxes and assessments; title matters: and any other matter affecting the Buyer's intended use of property. The decision to bid Shall be based solely upon the Buyer's own inspection, investigation, and due diligence.

14. TITLE
Seller shall convey marketable title by General Warranty Deed. subject to matters Of record, easements, restrictions, rights-of-way, and other permitted exceptions as provided in the purchase contract.

15. TAXES
Real estate taxes shall be prorated as of the date of closing unless otherwise provided in the purchase contract.

16. POSSESSION
Possession shall be delivered to the Buyer at closing unless otherwise stated in writing.

17. BIDDER REGISTRATION
All bidders must properly register before bidding.
Riverside Realty & Auction. Inc. reserves the right to require additional information from any bidder and to approve or reject bidder registration at its discretion. subject to applicable law.

18. DRIVER'S LICENSE & PROOF OF FUNDS
Prior to being approved to bid, bidders shall provide: (l) a valid government-issued photo dentification, such as a driver's license: and (2) proof Of funds or financial ability to complete the purchase. Acceptable proof Of funds may include a current bank or financial institution statement showing sufficient available funds; a letter from a bank or institution verifying sufficient funds: a verified line Of credit: lender pre-approval or financing commitment acceptable to the Auction Firm; or other documentation satisfactory to Riverside Realty & Auction. Inc.
Sensitive account numbers may be redacted so long as the bidder's name, financial institution, date, and evidence of sufficient available funds remain visible.

19. ONLINE BIDDING
Bidders acknowledge that online bidding is conducted electronically and may be affected by internet connections. Computer equipment, software, or other technical issues. Riverside Realty & Auction. Inc. is not responsible for missed bids, internet failures, platform interruptions. technical difficulties, or a bidder's inability to place a bid. The Auction Firm reserves the right to reopen bidding, extend bidding. reject a bid or take Other reasonable action to maintain the integrity of the auction in the event of a technical issue or bidding irregularity.

20. BID IS A BINDING OFFER
Each bid constitutes a binding offer to purchase the property according to these Terms and Conditions.
Bids may not be withdrawn or retracted after being submitted except at the sole discretion Of the Auction Firm or as Otherwise required by law.

21. DEFAULT
If the successful bidder fails to perform their obligations under the purchase contract or these auction Terms and Conditions. the Buyer may be considered in default.
The Seller shall have all remedies available under the executed purchase Contract and applicable law.

22. BROKER PARTICIPATION/CO-BROKE
Riverside Realty & Auction, is Offering a 2% cooperating broker compensation to properly registered and qualified
Virginia real estate licensees representing successful buyers. subject to these requirements:
- The cooperating must register their Buyer With Riverside Realty & Auction. at least (72) hours prior
to the auction closing.
- Registration must be completed in the manner required by Riverside Realty & Auction, Inc.
- The Buyer must not have previously contacted, registered or been introduced to the property by Riverside Realty &
Auction. Inc. without the involvement 01 the cooperating broker.
- The cooperating broker must have a valid brokerage relationship with the Buyer as required by Virginia law.
• The broker must actively represent the Buyer through the transaction and closing.
- The Buyer must successfully close on the property.
• NO commission shall be earned or payable until Closing.
- No broker registration will be accepted after the 72-hour deadline.
- Brokers may not register themselves or members of their immediate household solely for the purpose of receiving cooperating compensation.

23. AGENCY
Riverside Realty & Auction, Inc. and its agents represent the Seller in this transaction unless otherwise disclosed in writing.

24. INFORMATION & ADVERTISING
All information contained in brochures, advertisements, Websites, photographs, maps, tax records, G'S records. signs, social media, online auction listings. or other promotional materials is believed be accurate but is not guaranteed. Bidders shall rely upon their own investigation and due diligence.

25. CHANGES & ANNOUNCEMENTS
Riverside Realty & Auction Inc. reserves the right to update. modify, correct. or supplement these Terms and Conditions prior to the close of bidding. Any properly posted or announced changes Shan take precedence over previously published information.

26. ACCEPTANCE OF TERMS
By registering for the auction and/or placing a bid, the bidder acknowledges that they have read and understand these Terms
and Conditions; have had the opportunity to inspect and investigate the property; understand the property is being sold AS-IS, WHERE-IS; understand that acreage and property lines are not guaranteed: understand that mineral rights are unknown; understand the sale is Subject to Senor Confirmation; understand that a 10% Buyers Premium will be added to the high bid; understand there are no financing or appraisal contingencies; and agree that any successful bid constitutes a binding Offer
subject to Seller acceptance and the purchase contract.

SUBJECT TO SELLER CONFIRMATION -10% BUYERS PREMIUM . PROPERTY SOLD AS-IS, WHERE-IS - NO WARRANTIES
REGARDING ACREAGE, PROPERTY LINES, OR MINERAL RIGHTS