J.J. KANE ASSOCIATES dba KEN PORTER AUCTIONS

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California, Any applicable event mandates shall include and comply with all dictated provisions that may apply from the Bulk Sales Laws and the like, including any required bond or payment of fees that may be set forth for such, VEHICLE TITR> WORK PROCESSING KPA is a California licensed used car dealer and performs all the required function with its in house staff. Currently, KPA is processing 300 to 350 such transactions per month, Consignor's DMV paperwork will be processed with the other like transactions. Upon receipt of title work from Consignor for vehicles to be sold, KPA will review and prepare the documentation to assure all items are available for a smooth transfer. All associated fees and mandates, such as smog and weight certifications, will be addressed and obtained for the sale. At the sale, KPA will process the DMV paperwork of title transfer to the new buyer's name and then coordinate the filing of the transfer paperwork with the DMV. THgAVCTI0N KPA fully understands and always strives, through all of their events, to obtain and secure the highest final bid amount from an Individual for all items placed on the auction block, All auction houses will acknowledge that their longevity and success is based on bringing the most potential bidders together at an event to create the utmost competitive bidding scenario on each item to provide the highest sale prices for Consignor. We, KPA, are fully confident that our event process, developed from years of experience, will provide Consignor with this comfortable state of mind. KPA conducts live and online vehicle, equipment, as well as miscellaneous timed auctions each month. KPA conducts periodic auctions at either on -site or at a site requested by a consignor. KPA will provide all equipment, materials, accessories and labor required to conduct the sales. This will include obtaining and maintaining all mandated licenses and permits to conduct the events in accordance with all applicable laws. Event site will accommodate all participants' needs in seating, restrooms, and food concessions. The events will be conducted in a secured area with armed security present at all times. Entrance to all events by potential buyers will be conducted at no charge to the Individual. Attendance at KPA's monthly auction events has ranged from 300 to 500 attendees per auction giving KPA an exceptional vehicle to bidder ratio. With the addition of our live online auction our bidder attendance has reached a national to at times worldwide level bringing our consignors assets to a national buyer base, KPA will register potential bidders by completing a form documenting their identity and contact information, In addition, they must acknowledge by signature their understanding of the rules, procedures, the auction process and payment terms. Then, and only then, will a bidder receive their assigned Bidder Card to participate at the event, KPA may also require a Bidder Deposit to ensure potential buyer's ability to fulfill a successful bid. Sales of stipulated property, as set forth in our agreement, shall be made to the highest registered bidder, unless the item has been assigned a minimum selling price, at Consignor's sole discretion. As a licensed California car dealer, KPA will process any and all DMV documentation required to transfer the, ownership or title into the successful buyer's name. Successful bidders will be charged a cash 15% Buyers Premium for each lot. Tax, License, Document and Smog fees (if applicable) will also be added to the sale price.