Consignment Auction Agreement

This Agreement for Auction Services is hereby made on this ____ day of ______ 2011 by
and between: _________________________hereinafter referred to as SELLER and THE
POTOMAC TRADING CO. DBA Neelamga! Hereinafter referred to as AUCTIONEER. This
Agreement along with any attachments that may be executed such as lists of property to be
sold, lien information etc, constitutes the entire agreement between the parties. This agreement
and the rights hereunder may not be assigned to third parties without mutual consent between
the two parties that originated this agreement.
SELLER hereby grants to the AUCTIONEER the authority to sell and to execute
bills of sale and other documents of conveyance for the property located at:
_______________________________________________________________
Which is to be sold online at Neelamga! Said Assets/items/merchandise/ are listed on the
Attached Assets Schedule

(Please list all the items to be auctioned Online on Attached Assets Schedule.)

SELLER agrees to sell with or with out a minimum a reserve price.* All property covered under
this AGREEMENT that receives a bid at the starting price determined by the AUCTIONEER.*
All items will be sold to the highest bidder.
AUCTIONEER will email auction notifications to buyers on its email list as needed and will
advertise on line and as needed and will list the items on its dedicated 24/7 auction site:
Neelamga! AUCTIONEER will bear all costs of advertising. There will be no hidden expenses
charged to the SELLER.

All property is being sold As-Is / Where-Is in its present condition and location without
warranty or guarantee, written or implied, and without refunds and according to the
Terms and Conditions set forth by the AUCTIONEER. Unless it is defined differently by
the seller.Seller will provide a detail discription, warranty and return policy if aplicable
and that information will be listed under the product discription. on the auction.

The auction will be scheduled to begin at a time mutually agreeable to both parties and will
run online for a period of time determined by mutual agreement. AUCTIONEER will use its
experience to make recommendations for the starting date and length of auction. All items
are to remain in the SELLER’S possession during the online bidding. Once this agreement is
signed, no items are to be sold by private treaty without the SELLER paying the AUCTIONEER
a commission at the rate stated herein. Removal of items sold is to be completed by or on
a date(s) mutually agreed upon by both parties. All dates are subject to change by mutual
agreement between SELLER and AUCTIONEER.
Digital photos of items to be sold along with a spreadsheet will be provided by
the:__________________________________________________________
Preview date(s), if any, will be scheduled by mutual agreement and staffed by the:
_______________
Checkout and Removal will be staffed by the: _____________ (when applicable).
SELLER will sign titles over to the winning buyers and provide them to the buyers when they
take possession of the vehicle after showing proof of payment.
Standard Payment terms for the auction will be: Cash, Cashier's Check, Money Orders,
Traveler's Checks, and Checks accompanied by an irrevocable BANK LETTER OF
GUARANTEE addressed to the AUCTIONEER.

Checks accepted become the responsibility of the AUCTIONEER. Alternative payment methods
such as Credit Cards and Wire Transfer may be accepted at AUCTIONEER’S discretion. All
items will remain the property of and in possession of the SELLER until the purchaser has made
full-and-complete payment. Any and all items for which payment has not been received will
remain the property of the SELLER and may or may not, by mutual consent, be re-listed at a
future date. (Commission is based on collected receipts.) Bidders, who do not pay for their bids
will be banned from future bidding at all auctions, whether live, web cast or online.

SELLER agrees the AUCTIONEER will deduct a commission of _____% from the Gross
Collected Sales Receipts realized from the sale of the property. AUCTIONEER will charge the
buyers a premium (Buyer’s Premium) of _____% of the Gross sales price of each item.

AUCTIONEER will retain the Buyer’s Premium as additional compensation. AUCTIONEER

agrees to remit fully and timely all sales tax due the Maryland State Comptroller’s Office from
the sale of taxable items.

AUCTIONEER agrees to remit to the SELLER the net proceeds of the auction sale (Gross
Receipts less Commission, Applicable Taxes and Buyer’s Premium), via company check or
wire transfer no later than Seven (7) banking days following the completion of payment by the
buyers. AUCTIONEER will email all reconciled, computer-generated reports to the SELLER,
detailing the sale and accounting for all Gross Receipts, Commissions, Taxes and Buyer’s
Premiums as applicable.

By signing this Agreement, the SELLER covenants and agrees that they have good title
to and/or have the right to sell all items covered by this agreement and that all said goods
are free from any and all encumbrances unless otherwise noted by attachment. SELLER
agrees, to the extent allowed by law, to indemnify, defend and hold AUCTIONEER harmless
from and against any and all claims of third parties arising out of SELLER’S breach of this
agreement or breach of any representation or warranty made by SELLER and from any
and all claims that might arise from the sale of SELLER’S property for any and all reasons
including Force Majeure. Any dispute arising from any aspect of performance under this
agreement will be submitted for resolution in Montgomery County, Maryland in accordance
with the laws of the State of Maryland.

Date:
Seller: The Potomac Trading Co. DBA Neelamga!
Signature: Signature:
Print Name: Print Name:
Title: Title:
E-mail: customerservice@neelamga.com
Phone: 301-527-0041
Address: 14775 River Road
City, State, Zip: Potomac, Md. 20854