You must sign these terms and conditions to participate in this auction and provide a bank approval letter. By signing and returning this agreement to SOLDasap.com or an employee or contractor therein, you confirm the following: 1. I understand that if I am the successful bidder, I will be required to sign the agreement of purchase and sale immediately upon notice of being the successful bidder. I understand that it is a legally binding contract. A copy of a sample contract has been provided. If you require your attorney to approve the contract, it must be done prior to bidding. 2. I understand that a 10% buyer’s premium will be added to my final bid and is due in addition to my final bid to complete the final purchase price. Final bid + 10% of the final bid = Contract Sales Price. 3. I understand that the auctioneers are working for the seller, and there is no dual agency relationship. Sellers hold a valid Arkansas real estate license. 4. I understand that the property's purchase price will become public information immediately following the auction and that this information may be published. 5. I understand that the property has or has not been surveyed for this auction. If the buyer desires a complete survey, it will be at the buyer’s expense—NO SURVEY PROVIDED. 6. I inspected the property prior to bidding or had the opportunity to do so. I understand that all property is selling AS IS, WHERE IS, and no warranties are expressed or implied. The buyer is invited and encouraged to inspect the property prior to bidding. 7. Neither The seller nor the auction company are not responsible for the clean-up of the property nor responsible for the haul off of unwanted or leftover personal property, if any. 8. I understand that I may obtain financing on this property, but this contract is not contingent upon my ability to obtain financing or any other reason. Upon becoming the high bidder, I understand that I will be required to furnish a cashier's check in the amount of $5,000 per tract, made payable to SOLDasap, LLC, as an earnest money deposit. I understand that the earnest money deposit would be forfeited if I failed to close on this property. The final bid on the property is irrevocable. 9. I understand that the closing will take place not more than 30 days from the auction date, sooner if the buyer and seller agree. Time is of the essence. 10. I understand that the Auctioneer reserves the right to conduct the auction in an orderly fashion without interference or nuisance. The conduct of the auction and increments of bidding are at the auctioneer's sole discretion. In a dispute among competitive bidders, the auctioneer may reopen bidding to identify the high bidder or declare it a successful bidder. Any decisions by the auctioneer shall be final. The auction company is not responsible for missed bids or technical difficulties such as lost internet connection or computer malfunction on the buyer's or Soldasap, LLC’s end. 11. I understand that the announcements made by John & Tasabah Malone at the time of sale take precedence over any pre-printed advertising or material. I also understand that announcements & preprinted material referring to the property description, utilities, property conditions, survey, square footage, acres, footage, or school district are believed to be correct but are not guaranteed. If I want to know these details, I need to verify them on my own before bidding. 12. I understand that if this property is sold, it is subject to confirmation by the sellers, trustees, executors, administrators, or any applicable party. Auctioneers have 48 hours to present the high bid offer to the seller for confirmation. I understand that my bid is irrevocable. 13. I understand that the buyer will pay the buyer's closing cost, and the sellers will pay the seller's closing cost. 14. The buyer has the right to review a commitment to provide title insurance prior to Closing. If title issues occur and the seller cannot provide marketable title, the seller has a minimum of 30 days to cure the objections. Preliminary Title Work will be completed with the title company of the seller's choosing. Marketable Title will be provided. The seller will provide the seller's title insurance. 15. Taxes will be prorated as of closing and paid by the seller. Taxes will be up to date. Revenue Stamps will be split between buyer and seller. 16. I understand that if I fail to sign the purchase agreement immediately upon notice of being the high bidder, I will lose my rights to purchase the property. The auctioneer and seller will have the right to reopen the bidding and sell the property to another bidder, and I will pay the auction company 10% of my final bid. 17. I understand that collusion or bid-rigging is a federal felony. 18. I understand that participation in the auction is at the Bidder’s sole risk, and the Seller and Auctioneer, plus their agents, contractors, and employees, shall have no liability on any basis. 19. By registering, I acknowledge receipt of the Terms of Auction and access to the Sale Contract and unconditionally and irrevocably agree to be bound by both. 20. Copyright: I understand the Auction is the exclusive intellectual property of the Auctioneer and may not be recorded, reproduced, or used in any form by anyone other than by Soldasap, LLC. 21. No commission will be paid to an agent or broker who is participating in the purchase of the property as a principal. Registration of agents/brokers by other agents/brokers will not be accepted. 22. EXTENDED BIDDING DYNAMIC CLOSING: If a bid is entered within the last 5 minutes of the auction closing, the closing time will be extended by 5 minutes to ensure bidders have sufficient time to submit their bids. Extended Bidding will continue until no bids are placed within 5 minutes. 23. SOLDasap, LLC is required by law, AREC Regulation 10.12, to present ALL offers. Pre-auction offers are welcome. Seller has the right to accept or reject any offers.