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| 1. | URAGAN TIROCHE LTD. (U.T.B) acts as agent for sellers of items to be offered for sale to the public (The "Sellers"). |
| 2. | U.T.B. will produce a catalogue for every sale ("The Catalogue") , which will include inter alia, a list of items available at the sale, their serial numbers and price estimates. For the avoidance of doubt, information provided in the catalogue including price estimates, descriptions of items and any other information concerning the items, are solely for the purpose of information for potential buyers and are in no way to be considered as stand and/or obligation on behalf of U.T.B. and/or its employees and/or representatives. |
| 3. | U.T.B. will appoint a person as manager of the sale ("The Auctioneer") who will be responsible on its behalf, inter alia, for the execution and management of the auction |
| 4. | The auction will follow the order of the numbers next to the items as set out in the catalogue. |
| 5. | The Auctioneer, at his own discretion and at any stage whatsoever, reserves the right, verbally and/or by written notice, to withdraw or add items to the sale and to add to or withdraw from the catalogue any information about an item to be offered in the auction on the basis of information received by U.T.B. after publication of the catalogue |
| 6. | In order to participate in the auction, a potential purchaser must obtain a numbered paddles before the auction which will enable him to bid. |
| 7. | |
| 7.1 | At the drop of the hammer and the acknowledgement of the numbered paddle of the bidder by the Auctioneer, the bidder's offer will be binding and will be considered to be accepted and the title to the item will pass to the bidder whose offer was accepted ("The Purchaser) subject to the fulfillment by the Purchaser of all payment obligations to U.T.B., as set out hereunder. In the event of any dispute or disagreement as to the identity of the purchaser, the Auctioneer will have absolute discretion to determine the successful bidder or to decide to re-offer the item for sale. |
| 7.2 | The amount mentioned in an offer at a sale by a purchaser which is accepted ("The Hammer Price") shall be paid to U.T.B. by the purchaser, along with a commission of 10% of the Hammer Price ("The Commission") and Israeli VAT. Payment to U.T.B. shall be in effect immediately upon the conclusion of the auction, but in any event, not later than four business days after the date of the acceptance of the offer by the purchaser. |
| 7.3 | Payments to U.T.B. shall be made in cash, personal check or by credit card. |
| 7.4 | An item which is priced in US Dollars will be calculated in New Israeli Shekels in accordance with the prevailing rate of exchange cash sale rate, as published by Bank Leumi BM on the date of payment ("The Dollar Exchange Rate") but not less than the Exchange Rate on the day of auction. |
| 7.5 | A purchaser is liable to pay interest on any delay in payment, at the rate of 2% monthly of the amount payable, with adjustments to index-link all outstanding amounts payable to the Dollar Exchange Rate. Interest is payable from the date payment became due up to the date of actual payment. |
| 8. | Should the purchaser fail to pay the Hammer Price and/or the commission and/or the VAT, U.T.B. will be entitled to act as it deems fit to preserve the rights of the seller, including retention of the acquired item, forfeiture and set off any amounts payable. |
| 9. | Some items may be subject to a lowest sale price which will be set between U.T.B. and the sellers ("the minimum price"). In most cases, the minimum price will be below the lowest estimate and it will never be above the highest estimate for the item. The purchaser acknowledges that U.T.B. is obliged to the seller to use its best endeavors to obtain a price higher than the minimum price. |
| 10. | U.T.B. is responsible for the name of the artist or the creator appearing next to the item being auctioned. However, all information provided by U.T.B., in its capacity as agent for the co-signor, is based on accumulated information. It is entirely the responsibility of the prospective purchaser to check and inspect the items to determine condition, quality, authenticity, size, authorship during the allocated time prior to the auction. The purchaser may submit to U.T.B. in writing, any allegations regarding the origin of an item and/or the identity of the artist or the creator of the item within 21 days of the sale. If it is proven to U.T.B. that there has clearly been an error in the information which was given relating to any item, U.T.B. shall refund any monies paid by the purchaser and the item shall be returned to the possession of U.T.B. subject to this obligation, the purchaser shall have no claims and/or further demands with respect to that item. |
| 11. | . A purchaser is obliged to collect the purchased item and to fulfill his obligations to pay for the item no later than 4 days from the date of the sale. The purchaser will be liable for all costs, as determined by U.T.B., which are incurred by U.T.B. as a result of delay by the purchaser in collecting the item, including storage and security costs To avoid any doubt, the right to possession of the item will pass only once the purchaser has fully filled his payment obligations as set out in these conditions. |
| 12. | Items bought by a purchaser who is a non-Israeli resident, may be paid for in foreign currency and exported, subject to the provisions of Israeli law. |
| 13. | U.T.B. will represent, free of charge, potential purchasers who do not wish or who are unable to attend the auction. These potential purchasers are requested to complete the "Rights to Bid" form in the catalogue, no later than one day prior to the auction. U.T.B. will not be liable under no circumstances for any error, emissions in connection herewith. |
| 14. | Any potential purchaser who wishes to participate in the auction via telephone shall make the necessary arrangements within a reasonable time before the beginning of the auction. |
| 15. | Any reference in this agreement to the singular shall include the plural and vice-versa, and any reference to a person shall include a body corporate and vice-versa. |
| 16. | The courts of Tel Aviv-Jaffa, Israel, shall have sole jurisdiction in any dispute between U.T.B. and the purchaser or any potential purchaser, based on the details of this agreement an/or related to the sale and/or to the transfer of any item. |
| 17. | These conditions constitute the entire agreement between U.T.B. , the purchaser and/or the potential purchaser, and include all understandings, agreements, liabilities and conditions between the parties. |
| 18. | Any changes or additions to this agreement shall be in writing, and if not, such changes shall not be effective. This agreement is entered into contemporaneously with a Hebrew version. Should the terms of this version of the agreement conflict with the terms of the Hebrew version of the agreement, the terms of the Hebrew version will prevail. |
| 19. |
These conditions override and cancel any other or prior agreement between the parties. Local Transport Haifa - 700 Ha Sharon - 600 Tel Aviv & Surroundings - 500 Jerusalem - 300 Delivery Price (in NIS, excluding VAT) Prices in the table include unloading the Lions within 12 meters of the truck. In cases of further distances and/or transporting the Lions up stairs and/or to locations that are difficult to access, the buyer is strongly requested to contact Ami Steiner at 053-602580 regarding the cost of direct delivery by a moving company. Specifications for shipping abroad: Dimensions: 170 cm 120 cm 170 cm weight 500 kg. Overseas Transport: Please contact: Amex International Freight Forwarding Ltd. Tel. 972-4-8666802 Fax. 972-4-8677576 Email: nachman@sheinhartz.com |
and Terms of Guarantee