Auction Terms & Conditions SEA RAY SUNDANCER 400 ONLINE AUCTION PLEASE READ ALL TERMS AND CONDITIONS PRIOR TO BIDDING!!! PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS AND CONDITIONS PROVIDED HEREIN. PLEASE READ AND REVIEW THOROUGHLY PRIOR TO BIDDING ON THIS VESSEL. IF YOU HAVE NOT READ AND REVIEWED THE TERMS AND CONDITIONS, DO NOT BID. BIDDING ENDS: SUNDAY, APRIL 11th BEGINNING AT 7 PM EST Buyer’s Premium: A 10% buyer’s premium will be added to the winning bid of each item to determine the final selling price. Payment Terms: At the conclusion of the Auction and upon acceptance of the winning bid the buyer's credit card at the time of registration will be charged a NON-REFUNDABLE down payment in the amount of $2,500 with the remaining balance due in full within 72 hours (three business days) from the bid approval email. NO EXTENSIONS FOR FINAL PAYMENT WILL BE MADE FOR ANY REASON. Acceptable forms of payment (U.S. Funds only) are by method of: 1) Electronic Bank Transfer: Bank wire instructions will be included in the approval email. Bank wire transfers must originate from an account of the registered buyer or the business the buyer represents. The transfer must include the buyer name and reference the lot(s) purchased. Any electronic bank transfers received from an account other than that of the registered bidder, will not be accepted and will be returned to the originating bank. Bank wires must be received within the time frame specified for final payment and may take up to 24 hours to process. Title work will be processed the following business day of bank wire posting to account. Buyer is responsible for all wire transfer fees charged by the financial institution. If fees are deducted from the total amount, buyer is responsible for balance due within the payment deadline. If balance is not paid in full by the deadline, buyer is in default. 2) Cashier's Check: With overnight delivery made payable to LOGSDON AUCTION GROUP, LLC, PO BOX 732, MT. WASHINGTON, KY 40047 and originate from an account of the registered buyer or the business the buyer represents. Please include the buyer's name and reference the lot number(s) purchased. Unacceptable Payment Methods: No personal, business, or private issued checks, bank letters, credit/debit cards, money orders, or letters of credit will be accepted. This purchase is non contingent upon financing or any purchase through a bank or credit union, nor will the auction company negotiate with any lender. Bidders must have the funds available before placing any and all bids. Payment must be made by the successful registered bidder. Payment received by parties other than the successful registered bidder will be declined. PLEASE REFRESH YOUR PAGE! Please remember to refresh your page during the bidding. The bidding page you are viewing shows you the bid at the time you logged on to that page. YOU MUST REFRESH YOUR PAGE EVERY SEVERAL SECONDS to view accurate bids. This is particularly important during the final minutes of bidding for an item. SERVER & SOFTWARE TECHNICAL ISSUES: Online bidding is offered as a courtesy. The Auctioneer, The Logsdon Group, Seller, and the Internet and Software Providers do not guarantee or warrant the online bidding procedure and/or system to operate without interruption or malfunction. In the event there are technical difficulties related to the server, software or any other online auction-related technologies, The Logsdon Group, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE, SELLER or THE LOGSDON GROUP SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All items are being sold on an "AS IS, WHERE IS" basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or The Logsdon Group Agents or Representatives. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, The Logsdon Group, Agents or Representatives. All sales are final. REMOVAL: Currently the vessel is located in Slip Number B9 of Captain's Quarters Yacht Club Marina. The Seller is leasing this unit annually for $4,200 which is $350 per month. The lease is paid through July 13, 2021. Upon acceptance of the high bid and once all funds have been received and verified the Buyer will be required to perform the following: 1. Buyer will have 14 calendar days to remove the vessel from the marina unless buyer enters into a sublease agreement for the remainder of the lease. The owner of the slip however has agreed to allow new Buyer to remain during this time if needed with rent monies being paid in full to the Seller. 2. Buyer must obtain and provide proof of insurance, adhere to all rules and regulations of Captain's Quarters Yacht Club during this time. 3. In the event the Buyer requests to remain in the slip until July 13th the Pro-Rated rent remaining shall be due in advance and paid to the Seller in full. 4. Any future negotiation regarding leasing the existing slip will be solely between the owner of slip and the Buyer of the vessel. SHIPPING: The Logsdon Group does not provide shipping. It is the High Bidder's responsibility to arrange the shipping of the Property. Auction Company will not ship any Property. It is the responsibility of the High Bidder to remove the Property purchased by the Removal Date and to arrange for its shipping. Removal of the Property is at the expense, liability, and risk of the High Bidder. For Shipping Quotes feel free to visit https://www.uship.com/boats/ Registration: Registration is free but does require several important pieces of information. As with our live auctions, bidders must be registered with a full name, address, and telephone number. An email address is also required so bidders may be sent winning bid notifications and auction invoices. Information from either a MasterCard or Visa is to be held on file. This information is obtained to deter defunct bidding. The account will be charged in the event that an item has been unpaid after the allotted time for payment has passed. Registration may only be completed with an acknowledgment that the bidder has read and understood all terms and conditions for the sale and online bidding. Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, The Logsdon Group will reject the registration, and bidding activity will be terminated. The Seller and The Logsdon Group 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 they are responsible for ANY and ALL activity involving their account. When using the web-site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. The Logsdon Group. retains the right to prevent anyone from participating in this and future online auctions who does not abide by the terms and conditions of the auction or whose actions are not in the best interest of our client, the Seller. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of The Logsdon Group are final. Merchandise: All descriptions and information are believed correct, but are not guaranteed and as such the Auctioneers, The Logsdon Group and/or the Seller shall not be held liable for inaccuracies in the information. It is the Bidders responsibility to obtain or verify, prior to bidding, any information they consider critical to their decision to purchase. Preview times are available for potential bidders to physically inspect the items. All bidders are encouraged to inspect and research all aspects of the items, descriptions and information provided to their complete and full satisfaction prior to bidding. The items are being sold “as-is” “where-is” with no warranties or guarantees of any kind including merchantability and/or fitness for particular purpose. Bidding Increments: Up to $100,000 = $250 Increments $100,000 and above= $500 Increments Bidding: Online bidding is to be understood as a binding contract. Bids will be taken with the understanding that the bidder will honor their winning bid with sufficient funds including all applicable taxes and fees. Do not bid if you do not intend to pay. Notification of winning bids will be sent via email along with an auction invoice within 24 hours of the auction’s close. Bidding can be made using two methods on our website- “Your Bid” and “Your Maximum.” “Your Bid:” This feature allows the bidder to input a single bid as in a live auction. For example: the bid for item #1 is currently $2,000 placed by bidder A. Bidder B wishes to bid $2,500. By placing a bid of $2,500 in the “Your Bid” box, Bidder B now has the current winning bid. If Bidder A wishes, he/she may bid again, continuing the auction cycle. “Your Maximum:” This feature does your bidding without the bidder having to constantly view, log in, and bid on an item. Setting a maximum online is much like coming to a live auction with a preset spending limit in mind. The program will bid for you, in the prescribed increments, and only up to your spending limit for the item. For example: item #3 is currently at $5,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing to spend as much as $7,500 for item #3. If Bidder B places a maximum bid of $7,500, the price of the item rises only to $5,050. Bidder A returns to the item online and places his/her maximum bid at $5,250. The program automatically does the bidding: A-$5,100, B-$5,150, A-$5,200, B-$5,250. The bidding stops at $5,250 with Bidder B winning because the next bid would be $5,300, which is more than Bidder A’s limit. Maximum bids are kept confidential. Any bidder can raise a bid or a maximum bid at any time prior to the close of the auction. Close of Bidding: In the event there is more than one item being offered in this Auction for your convenience, the closing of items will be on a staggered basis of 5 items every minute. For example, items 1-5 will begin closing at 7:00, items 6-10 will begin closing at 7:01, items 11-15 will begin closing at 7:02, etc. The closing of some items may be extended in the event of last minute bidding. See paragraph below regarding the Extended Ending feature. Extended Ending: The items in the auction will be subject to a extended ending, whereas at the close of the auction, any bidding activity on an item within 5 minutes of the closing time will automatically extend the bidding for 5 more minutes past the time of the last bid. The bidding on that lot will continue to remain open in 5 minute intervals as long as there is bidding activity within 5 minutes of the previous bid. Once there is no bidding activity for a 5 minute period, the bidding on that item will close. For example, if a lot is supposed to close at 7:00 PM but a last minute bid is placed at 6:59 PM, bidding will be extended until 7:04 PM. If another bid is placed on an item at 7:02 PM, bidding will then close at 7:07 PM, unless subsequent bids are placed. Penalties: Any bidding found to be fraudulent and/or negligence to provide proper payment in the allotted time will result in all appropriate legal action. Any invoice not fully and properly paid for in the allotted time will be charged to the credit card account presented at registration and the items forfeited. Delinquencies will be noted and will prevent the individual from participating in any further live or online auctions conducted by The Logsdon Group. Auctioneer's Right to Bid: It is hereby disclosed that will the seller's permission The Logsdon Group, Agents, Representatives and staff reserve the right to bid for themselves and buy. In addition, The Logsdon Group reserves the right to bid on the behalf of absentee bidders and for any other bidder in accordance with their authorization and to enter ANY bidding on the seller's behalf except in the case of Absolute offerings. Agency: The Logsdon Group has an exclusive right to sell listing for this transaction. All negotiations must be conducted through The Logsdon Group. Breach or Negligence by Either Party: Any dispute between The Logsdon Group its Agents or Representatives and the Buyer(s) or Seller(s), agrees to participate in a Dispute Settelement Program of the Better Business Bureau ("BBB") known as "BBB CARE" and, upon request of either party, the parties hereto agree to binding arbitration of claims arising out of this Agreement, provided they meet the requirements of the BBB CARE program. Information on the limits of what may be arbitrated, or on any aspect of the BBB CARE program is available from the BBB at 844 S. Fourth Street in Louisville, Kentucky 40203. Auctioneer/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being provided for the bidder's convenience and it is the bidder's responsibility to determine the information contained herein is accurate and complete. The property is selling in its 'as-is' condition with no warranties expressed or implied. The Logsdon Group offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice. The vessel is being SOLD SUBJECT TO CONFIRMATION OF THE SELLER. The Seller will have the right to Accept or Reject any and all bids. As previously noted by bidding on the property, buyer agrees to all terms and conditions set forth. All questions regarding this auction should be directed to Shaun Logsdon-Auctioneer with The Logsdon Group. The Logsdon Group 502-657-9534 shaun@thelogsdongroup.com Shaun Logsdon-Auctioneer Kentucky License# 2151 Indiana License # AU10500147 © 2021 The Logsdon Group (Revised 3.22.2021) --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms

REMOVAL: Currently the vessel is located in Slip Number B9 of Captain's Quarters Yacht Club Marina. The Seller is leasing this unit annually for $4,200 which is $350 per month. The lease is paid through July 13, 2021. Upon acceptance of the high bid and once all funds have been received and verified the Buyer will be required to perform the following: 1. Buyer will have 14 calendar days to remove the vessel from the marina unless buyer enters into a sublease agreement for the remainder of the lease. The owner of the slip however has agreed to allow new Buyer to remain during this time if needed with rent monies being paid in full to the Seller. 2. Buyer must obtain and provide proof of insurance, adhere to all rules and regulations of Captain's Quarters Yacht Club during this time. 3. In the event the Buyer requests to remain in the slip until July 13th the Pro-Rated rent remaining shall be due in advance and paid to the Seller in full. 4. Any future negotiation regarding leasing the existing slip will be solely between the owner of slip and the Buyer of the vessel. SHIPPING: The Logsdon Group does not provide shipping. It is the High Bidder's responsibility to arrange the shipping of the Property. Auction Company will not ship any Property. It is the responsibility of the High Bidder to remove the Property purchased by the Removal Date and to arrange for its shipping. Removal of the Property is at the expense, liability, and risk of the High Bidder. For Shipping Quotes feel free to visit https://www.uship.com/boats/