Introduction Our website facilitates an exciting and convenient way to buy and sell goods over the Internet via our easy auctions service. access a database providing information about components and products on a worldwide scale. Collectively known as the Services/Website Services It is important that you read and understand these terms before using the Services. By accessing or using the Services, you agree to be legally bound by these terms, as they may be modified from time to time. We reserve the right to change these terms at any time. Amendments will take effect when posted on our website. However, the terms current as at the start of a particular transaction will apply until that transaction is completed. Our role Our expertise is not confined to a single sector of industry but covers a wide range we offer a unique service to manufacturers where we can set up a supply chain through competitive bidding via our online Auction. We can set up a competitive supply for all types of consumables through Internet bidding. Our site is also a place for sellers to auction and sell goods and for customers to bid for and buy them. We do not have and never intend to have any contractual involvement in your transactions and at no stage auction, buy or sell or purport to auction, buy or sell any of the products displayed on our site. Any disputes between buyers and sellers are just that we will not become involved. You must therefore take the utmost care to screen the parties with whom you deal. We will not screen the parties or goods on your behalf and this is a feature of the relationship between you and us that you willingly accept. Auction site returns policy At no stage during any transaction does or will we become contractually involved. Should any of the goods displayed on our site and subsequently sold via our site prove unsatisfactory, we cannot be held responsible in any way due to the absence of our contractual participation in the transaction. We provide a forum for the transaction and DO not purport, to buy or sell any of the goods listed on the Easy Auction site. We want every user of Easy Auction both buyers and sellers, to be certain of the conditions under which they deal, all the while feeling secure that the transaction they may enter into is valid and reliable. To this end, we have devised the following Returns Policy by which all buyers and sellers agree to abide. We must emphasise that under no circumstances will we accept the return of any goods directly to us. Due to the absence of any contractual responsibility, Easy Auction is both unsuitable and unwilling to accept any goods that any buyer wishes to return. Any product to be returned must be returned to the seller and NOT to us. As the products have been bought and sold at auction, they may only be returned to the seller if they prove to have been both materially and incorrectly described when listed. Otherwise there is no right to return the goods. For each buyer’s protection, we recommend a recorded delivery service is used for all returns Registration You are required to register with us by completing the registration form on our home page and submitting it to us. Only adults (ie those aged 18 and over) are entitled to enter into legally binding contracts and as a result are the only people entitled to use the Services. Any other individuals who are unable to form legally binding contracts are also prohibited from using the Services. If you do not qualify, do not use the Services. By registering you are making a statement, upon which we are entitled to rely, that you are aged 18 years or older and capable of forming a legally binding contract. On occasions certain individuals and members will be refused access to the Services. Such suspensions shall be within our sole discretion. Information you provide You grant us a non-exclusive, world-wide, perpetual, irrevocable, royalty-free licence to use any information you provide to us or other users of our services, for example, during the registration, listing or bidding process. Such information shall be legal, decent, honest and truthful, shall not infringe any third party’s rights, shall not contain any viruses or other malicious computer programming routines and shall not link to any other websites. Without limiting the above, all information you provide shall be accurate and complete and all registration details shall contain your correct name, address, credit or debit card number and other requested details. Security You are solely responsible in all respects for all use of and for protecting the confidentiality of any email verification number and password which may be given to or selected by you for use on our site. You may not share these with or transfer them to any third parties. You must immediately notify us of any unauthorised use of them or any other breach of security regarding the Services. We use third party services to secure and protect your credit card information and assist your online auction experience. However, any losses incurred or sustained by you in transmitting information shall be borne solely and exclusively by you and in no event shall any such losses in whole or in part be borne by us. If you are using a public computer, you must sign out when you have finished. Availability of site While we will use all reasonable endeavours to make our Services and website available, we cannot guarantee that they will operate continuously or without interruptions. This could affect bidding or other aspects of an auction or sale. General rules governing bidding and buying To use and rely on the Services we provide, all participants must understand their obligations to other users of our Services. If you are the highest bidder after an auction has closed and the seller accepts your bid, you must complete the transaction. Sellers are entitled to set applicable minimum bid or reserve requirements and are entitled to change these during the auction period. You may not retract a bid except in exceptional circumstances, for example where the seller has materially changed the description. Your placing of a bid entitles us and any seller to rely on your bid and as a result you warrant and undertake that you have the legal right to make such a bid and to enter into any such transaction. If you bid for an item on our site, you acknowledge and agree that if you have placed the highest bid at or above any reserve price, you have entered into a contract with the seller to buy the item. You can only terminate that contract in limited circumstances set out in law, for example where the item does not materially comply with the information provided in relation to it or where you cannot identify the seller. Sellers may refuse to accept your order for whatever reason. With regard to returns and refunds, please read our Returns Policy. Your acceptance of these terms and conditions entitles us to assume you have read this Returns Policy. Please note that copies of the Auctions (Bidding Agreements) Acts 1927 and 1969 are held at our place of business. General rules governing listing and selling In relation to all goods you sell or offer for sale through the Services: you must be the absolute unencumbered legal owner with the right to sell those goods; and your sale or the use of the goods must not infringe any third party rights or be unlawful in any way and the goods must not be on our current prohibited items list. If selling, you must list all of your items in the correct category with accurate and appropriate descriptions and provide such information as we may request (together, ‘the Listing Information’). Once you post the Listing Information, the item becomes ‘a Listed Item’. Once an item becomes a Listed Item, you are making an irrevocable offer to auction or sell. Any seller receiving at least one bid at or above any stated applicable minimum or reserve requirement is obliged to complete the transaction with the highest bidder once the auction has been completed unless the buyer fails to meet the terms of the listing or the seller is unable to authenticate the identity of the buyer or the buyer does not have sufficient financial capacity. A Listed Item will remain listed on the Site until: it is sold; or the seller-specified listed time expires; or we receive written notice via fax or email from you that you wish to de-list it. A Listed Item will be de-listed on receipt by us of written notice via fax or email from you that you wish to de-list it, but we will retain the registration fee paid with respect to the item. If you list items for sale at a reserve price, you have the option to consider bids received below that price. You must not contact any buyers directly in a sale of Listed Items whether offered by you or another seller. You must not directly or indirectly place bids on Listed Items you offer for sale on our site or manipulate bidding in any other way. Payment All sellers pay a registration fee for each Listed Item. We will invoice sellers monthly for commission on all Listed Items. All payments must be received by us within 15 days from the date of invoice and we shall be entitled to charge interest on any late payment at a rate of 3% above the (name of bank) base rate until payment is received. All buyers must pay sellers for items using credit or debit cards, cheques or banker’s drafts. However the method of payment shall be left to the discretion of the seller in each case. Payments shall be received in the currency specified on the website and all prices are exclusive of VAT, and other applicable taxes, delivery charges and insurance. Buyers are responsible for any costs of delivery and any insurance costs. Some transactions may involve sellers shipping items to buyers located outside the United Kingdom or outside the territory in which the seller resides. Buyers and sellers alike must observe and comply with all applicable regulations and legislation, including obtaining all necessary cultural or customs permits. Further, the importation and exportation of some items may be prohibited by certain national laws. We make no representation and accept no liability whatsoever to any buyer or seller in respect of the issuance or validity of any exportation or importation permits or the existence and exercise of exportation or importation regulations or any compulsory purchasing regimes. Privacy policy We take privacy issues seriously. Our current privacy policy covers our use of any information you provide. In using our Services you acknowledge and agree to be bound by the terms of our privacy policy. Termination We will use our sole discretion to issue a warning, temporary suspension, or an indefinite suspension and termination of your rights to use our Services if you: act inconsistently and in breach of these terms and conditions; at any time violate or attempt to violate any rights of any other user of the Services or third party; are engaged in any fraudulent activity; or fail to make any payments due to us in accordance with these terms. Compliance with laws You agree to comply with all applicable laws, statutes and regulations concerning your use of the Services. General release As discussed, we act merely as an introductory service providing a forum allowing sellers and buyers to come together, the former to list and sell items and the latter to bid for them and buy them. Therefore we have no control whatsoever over the quality, legality or safety of any advertised items or of any other characteristics upon which a buyer may rely, the accuracy of any of the listings and the capacity of any seller or any buyer to transact. Consideration should always be given to the nature of Internet transactions and the risks involved. You may never meet or speak to the other party to the transaction and, as a result, you must proceed with care and judgment when using the Services. In recognition of the above, you waive any claim you may have against us that is in any way connected with a dispute you have with another user of our Services and website and you agree to indemnify us for any losses or liability we suffer as a result of any claim against us by another user or any other third party as a result of your such use or in relation to your dealings with such other user or third party. This waiver and indemnity shall not apply in the event of any fraud or wilful misconduct by us. Your acceptance of these terms and conditions also acts as a general release of Easy Auctions Plc and any of its subsidiaries (and all of their officers, directors, agents and employees) from any liability for any claims, loss, and damages (both direct and indirect, including loss of profits, goodwill and business opportunity) arising out of or in any way connected to your use of the Services and our website. In addition, we make no representations or warranties about the accuracy, completeness or suitability for any purpose of the information and related graphics published on our website. From time to time our site may contain technical inaccuracies or typographical errors. All liability of Easy Auctions Plc howsoever arising for any such inaccuracies or errors is expressly excluded to the fullest extent permitted by law. Notwithstanding the foregoing, nothing in these terms and conditions is intended to limit any rights you might have as a consumer under applicable local law or other statutory rights that may not be excluded nor in any way to exclude or limit our liability to you for any death or personal injury resulting from our negligence. Trade marks Easy Auctions Plc is the proprietor of the ... trade mark and get-up. All other trade marks, product names and company names or logos cited herein are the property of their respective owners. No permission is given by Easy Auctions Plc in respect of the use of any such brand names, product names or titles or copyrights and such use may constitute an infringement of the holder’s rights. Notices Except as otherwise stated, any notices you wish to send to us should be e-mailed to info@ EasyAuctions.com. Any notices that we may wish to draw to your attention will be displayed on our website. Applicable law Each and every transaction carried out on or as a result of the Services is deemed to be completed within the United Kingdom and therefore shall be governed by and interpreted in accordance with English law. The terms of this charter (and any dispute, controversy, proceedings or claim of whatever nature in relation to them) shall be governed and interpreted in accordance with English law and the English courts shall have exclusive jurisdiction in relation thereto. Events beyond our control Easy Auctions Plc will not be in breach of this agreement or otherwise liable for any delay in performance if to the extent that any delay or failure is due to the circumstances beyond its reasonable control and including, without limitation, strikes, lock-outs and other industrial disputes, breakdown of systems or network access, flood, fire, explosion or accident. Invalidity If any part of the terms of this charter is unenforceable (including any provision in which we exclude our liability to you) the enforceability of any other part of these conditions will not be affected. Entire agreement This agreement, together with any document expressly referred to within its provisions, contains the entire agreement between us relating to the subject matter covered and supersedes any previous agreements, arrangements, undertakings or proposals, written or oral, between us in relation to such matters or any statements made to you by any person, including (without limitation) any of our employees or agents. Save for fraud or fraudulent misrepresentation, we shall have no liability for any such representation being untrue or misleading. EASY AUCTIONS PLC 56 PAINES LANE PINNER MIDDLESEX HA5 3BT Company No. 05530036