Classic Car Auctions THE SPRING LIVE ONLINE AUCTION 2021 26th March 2021

142 CCA 26 th March Spring Live Online Auction 2021 GENERAL The following Terms (“Terms”) together with such other terms, conditions and notices as may be set out in any relevant catalogue apply to all sales by Classic Car Auctions Limited (“CCA”) at auction or within 14 days after the auction. No alteration to the Terms will be binding unless accepted by CCA in writing. The Terms may be amended by CCA provided it is reasonable for it do so by the posting of notices prior to or during the sale. Nothing in the Terms shall affect the statutory rights of a consumer. Additional information applicable to the Auction may be set out in the Catalogue for the Sale, in an insert in the Catalogue and/or in a notice displayed via the online portal. Buyers should be alert to the possibility of changes. CCA acts solely for and in the interests of the Seller. CCA’s duty is to sell the Lot at the highest price obtainable at the Auction to a Buyer. CCA does not act for Buyers in this role and does not give advice to Buyers. When CCA or its employees make statements about a Lot it is doing so as agent for the Seller of the Lot. Buyers who are themselves not expert in the Lots are strongly advised to seek and obtain independent advice on the Lots and their value before bidding for them. DEFINITIONS 1. In these Terms: 1.1 “Auction” means the auction sale in respect of which a Lot is consigned for sale. 1.2 “Auctioneer” means the representative of CCA conducting the Auction or their agent nominated to do so. 1.3 “Automobilia” means any memorabilia including but not limited to trophies, badges, programmes, models, prints and other collectables. 1.4 “Buyer” means the only person whose bid is accepted by CCA to conclude the contract for the purchase of a Lot. 1.5 “Buyer’s Premium” means the amount payable by the Buyer to CCA calculated by reference to the hammer price and payable in addition to it. 1.6 “Catalogue” the catalogue relating to the relevant Auction includes any advertisement, brochure, estimate, price list or other publication or webpage relating to one or more Lots. 1.7 “Contract” means the agreement between the Buyer and the Seller on the successful bid of the Buyer on which the Lot is sold to them. 1.8 “Cataloguing Fee” means the sum of £250 plus VAT payable by the Seller for each motor vehicle entered into the Auction. This fee covers photography, script writing, video, worldwide marketing, inclusion in our e-catalogue, viewing by appointment (subject to Government advice regarding Covid-19) and storage of your vehicle in a secure location prior to the auction. 1.9 “Expenses” in relation to the sale of any Lot means CCA’s charges and expenses payable by the Seller in addition to the Seller’s Commission including insurance, storage, illustrations, auction Entry Fee, cleaning costs, photography costs, catalogue costs, special advertising, packing and freight of that Lot and any VAT thereon. 1.10 “Hammer Price” means the price in pounds sterling at which a Lot is sold by the Auctioneer to the Buyer. 1.11 “Lot” means any item(s) consigned to CCA with the view to its or their sale at Auction. 1.12 “Motor Vehicle” means any car or motorbike included or proposed to be included in a sale of motor vehicles together with spares, tools, documentation etc. stated as being part of the Lot. 1.13 “Purchase Price” means the Hammer Price together with the Buyer’s Premium and any additional charges due plus VAT. 1.14 “Reserve” means the minimum Hammer Price agreed between CCA and the Seller at which a Lot may be sold. 1.15 “Sale Proceeds” means the net amount due to the Seller being the Hammer Price less the Seller’s Commission and VAT, Expenses and any other amount due to CCA from the Seller. 1.16 “Seller” means the person who offers the Lot for sale, whether as agent or principal. 1.17 “Seller’s Commission” shall have the meaning given in clause 10. 1.18 “VAT” means Value Added Tax applicable at the prevailing rate from time to time (currently 20%). 1.19 “Working Day” means any day (other than a Saturday and Sunday) at which clearing banks in the city of London are open for the transaction of normal sterling banking business. 2. AGENT CCA sells as agent for the Seller (except where CCA is selling as principal, which CCA will disclose in the Catalogue or otherwise in the Auction). The Contract for the sale of a Lot is between the Seller and the Buyer. CCA shall not be liable for any act or default by the Seller (except where selling as principal) or the Buyer. 3. DISCRETION 3.1 CCA has the right as its sole discretion to refuse any bid, to divide any Lot, to combine two or more Lots, to withdraw any Lot and, in the case of dispute, to put any Lot up for Auction again. 3.2 If CCA is notified about the Seller’s alleged breach of any of the Terms before it has remitted the Sale Proceeds to the Seller, it may at its sole discretion withhold payment until that dispute is resolved. CCA may, however, deduct any sums that are due to it from the sum held. 3.3 Automobilia lots will be subject to an auctioneers 10% discretion on the reserve unless CCA are notified in writing by the seller otherwise. 4. LOSS OR INJURY CCA shall be under no liability for any injury, damage or loss sustained by any person while on CCA’s premises (including any premises where a sale