ONLINE AUCTION TERMS AND CONDITIONS 2010 Rinker Captiva 276 Bowrider Rinker/Heritage Tandem Trailer Ordered Sold by US Federal Bankruptcy Court Case No. 24-31015 The boat is located at our office and can be inspected during office hours. Online Auction: This auction is being conducted as a timed ONLINE Auction. The auction will begin on Wednesday August 28 @ 2:00 PM and begins to end on Wednesday September 11, 2024 @ 2:00 PM. If a bid is placed within two minutes of the bidding deadline, the deadline will be extended by an additional two minutes. The two-minute extension will continue until no bid is placed within two minutes of the bidding deadline. You can participate in the bidding from a computer or mobile device by logging on and registering at www.assetiqllc.com. A valid credit card must be used to register to bid. Payment. The highest bidder will be notified by email upon the conclusion of the auction that their bid is being submitted to the bankruptcy trustee for final approval. Final approval will occur no later than 4:00 PM on the day the auction ends. Payment will ONLY be accepted in the form of cashier's check, or wire transfer. To make wire transfer arrangements please contact Cindy Chambers at 513.724.1133 or email cchambers@assetiqllc.com. Cashier's check may be delivered to our office between 9 AM & 4 PM on Wednesday September 11 or Thursday September 12, 2024. Payment must be made in full no later than 4 PM on Thursday September 12, 2024. Any unpaid balances are subject to collection by the Federal Bankruptcy Court. Buyer Premium. A fifteen percent buyer premium will be added to the high bid amount to determine the full purchase amount to be paid by the purchaser. Therefore, the full purchase price to be paid by the Buyer is the sum of the final bid price as acknowledged and accepted by the software/program, plus the Buyer Premium of fifteen percent of the final bid price. Example: High bid amount of $10,000 plus $1,500 (fifteen percent buyer premium) equals final purchase price of $11,500. The boat may only be removed after payment in full has been received by the auction firm. Boat MUST be removed no later than 4 PM on Friday September 20, 2024. After September 20, 2024, charges in the amount of $50 per day will be assesed to the buyer and must be paid prior to removal of the boat. Buyer hereby grants Asset IQ LLC an irrevocable power of attorney to remove and/or store the purchased assets at Buyer's expense. The assets shall not be released until Asset IQ LLC has received payment in full in good, cleared funds. Title. All is selling free and clear of any and all liens. Boat: A Bill of Sale will be issued to the purchaser of the boat upon payment. A fully executed clean title will be mailed to the purchaser within 45 days of the completion of the auction. Trailer: Upon payment a Bill of Sale and a Certificate of Origin For a Vehicle will be issued. Licensing fees. The Buyer shall be responsible for any and all licensing fees required by their state. Insurance. Insurance of items purchased shall be the Buyer's responsibility. Buyer is advised to place insurance on items prior to removal. "AS-IS" - NO WARRANTIES. The boat and the trailer are being sold "AS-IS, WHERE-IS, WITH ALL FAULTS, and as the bidders believe them to be". Bidders are responsible to inspect the boat & trailer prior to bidding and satisfy themselves as to their condition and all other matters relating to them. We encourage bidders to inspect the assets prior to bidding. Boat is selling to the highest bidder with no starting price, subject only to trustee confirmation.