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PROPERTY DISPOSITION SERVICES AGREEMENT TERMS AND CONDITIONS credit card information); approving Buyer credit card purchase transactions; and collecting auction proceeds for completed sales from Buyers. PRC shall use reasonable commercial efforts in auctioning and selling the Property on the Internet and disposing of Property that does not sell at auction. PRC shall sell and dispose of all Property "as is" without any liability to the Owner. PRC is solely responsible for identifying and resolving sales and use tax collection issues arising from Property sales, including the necessity of charging and collecting such taxes. b. Large Property Items. PRC will, at Owner's request and on Owner's behalf as its representative, list physically large Property ("Large-Items") for sale by auction, including but not limited to cars, trucks, boats, planes and bulk lots of bicycles. For Large-Items, PRC offers Owner different selling options ("Silver," "Gold" and "Platinum"), each with different service components and associated pricing. (1) In-Place Options. For Silver and Gold, PRC will auction Large-Items in-place, and in this context, "in-place" means that PRC will not pick-up and store these specific Items but rather Owner will maintain physical control until transfer of title to such Large-Items to Buyers. (2) Haul-away Option. For Platinum, PRC will, in conjunction with an agent or subcontractor of PRC and to the extent practical, pick-up and haul-away Large-items, selling via online auction and transferring title and physical possession to Buyers as described in Portable Property Items. (3) Large-Item Service Summary. The Large-Item Auction Services Option Table below depicts service components associated with each option. Mathnrl of cPn;na Prnnerty~ i,arue-item Auction Services Option Table Res onsible Part if a licable Service Component Silver Gold Platinum* 1. List Large-Item for online auction PRC PRC PRC 2. Checklist review and coordination PRC PRC PRC 3. Listin write-up and marketing PRC PRC PRC 4. Auction and auction technology management PRC PRC PRC 5. Customer Su ort to Bidders Owner PRC PRC 6. Coordinate Buyer payment and Large-Item ick-up Owner PRC PRC 7. Transaction (payment) processing Owner PRC PRC 8. Photographing, vehicle review, equi merit description Owner Owner PRC 9. Provide or procure asset title documentation, as applicable Owner Owner Owner** 10. Pick-up and haul-away for off- remises online auction PRC * PRC provides its Platinum service in cooperation with Copart, Inc., ("CPRT") a publicly traded US company with over 140 geographically-dispersed vehicle storage facilities. ** At Owner request, PRC and CPRT will acquire title documentation through an agent or subcontractor of PRC. 4. Term and Termination. a. The Agreement will become effective upon formation (the "Effective Date") and will continue for an initial term of one (1) year from the Effective Date and thereafter will automatically renew for consecutive one (1) year terms unless written notice of non-renewal is provided by either party to the other at least sixty (60) days prior to the expiration of the then current term. b. The Agreement may be terminated if there is a breach by either party of any obligation, representation or warranty contained in the Agreement, upon thirty (30) days prior written notice to the other party unless the breach is cured within the thirty (30) day period, provided, however, if the breach is not capable of being cured within thirty (30) days, the breaching party will have a reasonable amount of time to cure the breach if it begins to cure during the thirty (30) day period and proceeds diligently thereafter. The written notice will specify the precise nature of the breach. 2 of 8