SEALED BID and SALE TERMS AND CONDITIONS AGREEMENTBid and Sale Terms and Conditions Agreement • September 2nd, 2021 • California
This Agreement generally describes the sale of the vehicles (individually, a “LOT” and collectively, the “LOTS”) by Braun, on behalf of the Seller, as authorized under the order entered by the Bankruptcy Court for the Central District of California on August 24, 2021. Prospective Buyers may provide a bid for an individual LOT or a bulk bid for a group or all of the LOTS. The bid must be accompanied by an executed copy of this Agreement and evidence reasonably satisfactory to the Seller of the Prospective Buyer’s available funds in order for the bid to be considered valid. The Seller has the option to accept a bulk bid for a group or all of the LOTS or a bid for the LOT individually. By submitting a bid, the Prospective Buyer confirms and agrees that the bid to a LOT shall remain open and irrevocable until the closing of the sale of such LOT(s) to the Accepted Buyer (defined below). It is the Seller’s sole and absolute discretion to determine the timing and the manner in which the Selle
