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PROPERTY W SPOSTTIO N SERVICES AGREEMENT Method of Selltn Property! Lar e- Iterrr Auction Services Option Table Ides onsible Party if app lic ible Sex-vice Component Silver Gold Gold+ Platinulm 1. List Lar e- Itenl- for Ire -Place online auction PRC PRC: PRC 2. Checklist review and coordination PRC PRC PRC PR 3. Listi -110 Write-Up and niarketin ?RC PPC PRA PRC 4. ALlctton and auction technology mono eirmrit PRC PRC PRC PRC 5. CLlMMer- SUPPOrt to Bidders ONVner PRC PIRG PRC 6. Coordinatc Uzi es payment and Large-Item pick -up Owner PRC PRC PRC 7. Transaction (payment)_proccss1n.,g Owner PRC PRC PRC S. Photographing, vehicle review, E W EIEIIt escriptton Owner OwTier PRC PRC 9. Pro -vide or procure asset title, as applicable Owner owner Owner Owner*- 10. Pick. -u-p and Haul -away for off- 1)ren -dses online auction T * At Owner request, PRC will acquire title through its partner and pass - through title acquis --ition cost 4. Term. and T`cr. n- iina-tion. a, TH s A greenient will bec o me effective as of the Stara D-ate and will continue for an initial tern, of one (1) Year Wie "Inirial Term ") following the "Launch Date" (as defined herein) and thereatfter will automatically renew for consecxrtive one (1) year terms unless written notioe of non- r-ene -,wai is provided by either party to (lie otl e -r a t lea -st six.ty (60) days prior- to the expiration of the then current term. b. As used. herein) "Laura -cb Date" sli-all mean the date on which PRC completes the first auction of Owner Property. c. This - greement may be tern- Linated if there is a breach by el-thee- party of any obligation, represenlatioll or warranty contained in this Agreement, upon thirty (30) days prior written notice to the other party unless th -e bi`each is CUred within the thirty (30): day period, provided, however, if the breach is not capable of being cLlred wiffila thirty (30) days, the breaching party will have a reasonable amount o -f time to cure the breach i F it beg ins to core dtir. i ng the thirty (3 0) day period and proceeds diligently thereafter. The wi-i fte n notice wdl specify th.c pr=ecise nature o -f the breach. d. The ricyllts of the parties to terminate this Agreement are not exclusive of any other rights al.-id remedies availablc at law or in equity} and such rights will. be ercise cu- mulativc. The ex of any such r.i ht or rerried�r will not preclude the exercise o#; any oth-Q -r rights. and remedies e. N otwitlls tand-ing any termination by c- tther pa k -ty of this A gr. ec rneu t, PRC will continue to rerni t ainou nts cure to Owner under this Agreement in connection with any sales made b-efore the effective date of the tern-unati-on. At the tune of termination, any unsold inventory shall continue to be auctioned by PRC or ITT- urned. to Owner-, at Owner's election and cost, Allocation of Sales Proceeds. a. Portable Property Items (1) Sales Price, The total amount pail by Buyer shall be e a l-le d the "Sales Price." The Sales Price shall include the wiriini.ng bid aMortzlt (Lhe "Winning Bider) and all costs, shipping and Handling charges, taxes, and insurance costs associated with the tra- nsaction and paid by Buyer. (2) The S -pht. Fov each item of Property, Owner will be credi -ted with 50% of tlie first 1,000 of the Wiiining Bid and 75% of'the Winning Bid portion, if any, that exceeds S1,000. From this amount, the Owner's pro rata share of transaction fees (the "Processing Costs"),, if any, will be deducted. (3) Processing Costs. Credit card processing costs ("Credi.t Card Cost ") and affiliate processing fees (the "Affiliate >~ ees," which inchide conun.issions an-d proccssing costs pa -id to third pat-lies IF they sent the wi nni no bidder to the wobsi te), will b e borne by Owner and ?RC in proportion to the pereentage of tile revenue credited to the patties for each underlying transaction. (4) Net Proceeds. Amounts received �y the Owner will be called "Owner's- l et Proceeds ". Portable Item Example. The- following example illustrates allocation of proceeds f�roni a Portable Property Iteirl sale. Assume an item of Property sells at auction for a $ 10o win.uin Bid; the Buyer Pays shipping and handling of $10, insurance of $2, and sales tax of $6. The BLtyel- pays the -Sales Price of $118.00 ($100 + $1.0 + $2 + $6) by credit card, and the red -it Card Cost is 3% of the Sales Price or $3.54 (0.03 x $11 S) and the Affiliate Fee is 4.8% or $4.50 (0.048 x $1 OO): The Owner and PRC- each share 50% of the 4 of 8