10-29-2022 Henderson Motor Series Auction Seller Package

Seller Agreement Collector Motor Series Auction

OWNER ADDRESS PHONE

REPRESENTATIVE CITY, STATE, ZIP EMAIL

TERMS: BUYER: SUCCESSFUL BIDDER AT AUCTION | OWNER: OWNER AND CONSIGNOR OF AUCTION ITEM(S) AUCTIONEER: HENDERSON AUCTIONS CLOSING: THE COMPLETION OF TRANSFER OF OWNERSHIP TITLE OF AUCTION ITEM FROM OWNER TO BUYER. This Auction Agreement is entered into by HENDERSON AUCTIONS of Livingston, Louisiana, hereinafter referred to as AUCTIONEER , and OWNER listed above Hereinafter collectively referred to as OWNER under the following terms and conditions: Henderson Auctions agrees to conduct a public auction sale of the following described property belonging to the OWNER. Auction to be conducted at The Barber Vintage Motorsports Museum, 6030 Barber Motorsports Parkway, Leeds, Alabama 35094 on Saturday, October 29, 2022 at 10am. OWNER agrees to pay AUCTIONEER for the services rendered by AUCTIONEER a commission that is a percentage of the hammer price for sales of assets listed on Addendum A to this agreement, from all sales made during the period of the Agreement whether such sales are made at public auction, by private sale or in any other manner. The commission percentage rate will be in accordance with the Auction Fee Schedule below. At the time of signing this Agreement, OWNER has entered into an Agreement to deliver and offer their assets for sale by Henderson Auctions for the reserve price stated, unless the assets are marked in this Agreement to be auctioned without reserve. The reserve price is an expected selling price that is inclusive of the auction commission. The Auctioneer reserves the right to lower the commission in order to sell the car with the OWNER’s net figure being unchanged. The OWNER may verbally agree to lower the reserve price during the auction process. If an asset is checked into the auction and does not cross the auction block to be offered for sale because the OWNER has withdrawn the asset from the Auction, the OWNER agrees to pay the sale commission in full plus Buyer’s Fee on the stated reserve price unless specific written authorization is obtained from Henderson Auctions. OWNER agrees if he/she is the successful high bidder on his/her own consigned asset, OWNER will pay AUCTIONEER the appropriate commission plus Buyer’s Premium. “Without Reserve” means that the vehicle will sell to the highest bidder regardless of the price. These must be offered as Without Reserve prior to any bids being taken. “With Reserve” means the OWNER may place a minimum protective price on the vehicle. Where allowed by state law, AUCTIONEER may bid on behalf of the OWNER up to the stated reserve. **If your vehicle does not sell for the reserve, no commission fee is charged** Page 1 | Owner Initials _________

General Questions? Call or Email: Tricia Ory | 225.686.2252 ext 108 tricia@hendersonauctions.com Auctioneer: J. Henderson AL Lic# 5524