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Winners will be notified after the auction ends and once all bids have been processed to determine the winner for each lot. As used herein the term "bid price" means the price at which a lot is knocked down to the purchaser and the term "purchase price" means the aggregate of (a) the bid price, (b) A PREMIUM PAYABLE BY THE PURCHASER OF 19% OF THE BID PRICE (c) California state or local sales tax. (d) Shipping cost APPLICATION By bidding in this auction you acknowledge that you, Buyer (or Bidder, or winning Bidder, or Purchaser, each of which four terms may be used interchangeably), hereby agree to be bound by all of the terms and conditions of this auction as described or any lot listing and these US JEWELRY LIQUIDATION AUCTIONS GENERAL TERMS AND CONDITIONS. These terms and conditions and the information contained in any lot listing constitute the entire agreement between Buyer and US JEWELRY LIQUIDATION AUCTIONS (USJL). These terms and conditions and the information contained in any listing may only be changed by USJL. By participating in this auction, Buyer acknowledges that Buyer is bound by these terms and conditions and the information contained in any listing. USJL, US JEWELRY LIQUIDATION Auctions or any pronoun referring to it also refers to US JEWELRY LIQUIDATION Auction House, US JEWELRY LIQUIDATION Auction representatives, officers, directors, stockholders, members, managers, employees, consultants or affiliates. In the event of a conflict between these US JEWELRY LIQUIDATION Auctions TERMS AND CONDITIONS and the contents of any listing, any invoice, or any Auction Venue General Terms and Conditions, these General Terms and Conditions shall supersede and govern. LOT DESCRIPTIONS US JEWELRY LIQUIDATION believes to the best of its knowledge that the information presented in any listing has come from reliable sources. Such information is presented solely for the convenience of the Purchaser. USJL makes no warranties of any kind related to the information presented in any listing. USJL further makes no warranties, either express or implied, relating to the value, marketability or condition of the lot described in any listing. Prospective bidders should investigate a lot thoroughly before bidding. By bidding the Bidder acknowledges that Bidder has investigated the lot to his or her satisfaction, or, that Bidder has chosen not to do so, and agrees to accept the lot being bid on with no objections after the sale closes. If you are uncertain please contact us with your questions prior to bidding. If you are still uncertain after we reply, please refrain from bidding. Photos other graphic material contained in any listing of generic or duplicate lots may be stock presentations and not necessarily of the specific lot. BUYER'S PREMIUM A Buyer's premium amounting to 19% of the winning bid amount will be added to the purchase price of each lot. PRICE ESTIMATE High and low estimates are provided solely for comparison purposes and USJL makes no warranties of any kind relating to them. APPRAISALS & APPRAISAL ESTIMATE Any appraisals or evaluations provided are solely for the convenience of the Bidder and USJL makes no warranties of any kind relating to them. Appraisals may include valuations which reflect the full, highest retail price of the item in a specific geographic region, the item's insurance replacement value, or both. No price estimate or appraisal value should be considered to represent the investment or resale value of the item. Such values are to be solely based on the due diligence evaluation of the Bidder absent any estimate or appraisal value presented. In the event that an item is listed as having an "Appraisal Estimate", this represents USJL's in-house estimate of what the item would appraise for. Actual appraisal of the item is the responsibility of the Bidder. PLACEMENT AND ACCEPTANCE OF BIDS Unless the auction of a lot is announced as absolute, USJL reserves the right to accept or reject any bid for any reason whatsoever, at any time before, during or subsequent to any auction. Any and all bids made by a Bidder constitute irrevocable offers to purchase the lot at the maximum bid amount of the Bidder and may not be withdrawn by the Bidder under any circumstances. At the close and reconciliation of the auction, USJL shall determine the actual winning Bidder of each lot and may, in its sole discretion, reflect as sold to any lower Bidder any duplicate item that may be available at the Bidder's maximum bid on the lot. In the event of any dispute between bidders, or in the event of doubt on USJL part as to the validity of any bid, USJL will have the exclusive final discretion to determine the successful Bidder, cancel the sale, award the lot to the next highest Bidder or Bidders or to re-offer and resell the lot in dispute and USJL is not responsible for any errors or omissions in connection therewith. Unless a sale is announced as being "without reserve," USJL reserves the right to protect any reserve price by placing and advancing floor bids up to the amount of the reserve. USJL may also place bids on behalf of any buyer or seller, bid for its own account or remove any lot from sale without notice at any time. Any bid entered by a Bidder shall be determined in the sole discretion of USJL to have exceeded or not to have exceeded any reserve. In consideration of USJL's approval of the application of the Bidder to bid in USJL's auction, Bidder agrees to comply with and be specifically bound by the provisions of this paragraph. PAYMENT Payment of the winning bid amount, buyer's premium and shipping/handling charges will be made at the time the auction is reconciled and invoiced (email) by USJL, using the credit card on file for the Bidder. In the event that no credit card is on file, the Bidder will be directed to USJL's credit card payment website and also provided with instructions for payment by wire, cashier's check or money order. All credit card payments are due at the time the auction is invoiced by USJL. All other payments are required to be received by the 4th day's mail delivery following the invoice being sent by email. In consideration of USJL's approval of the application of the Bidder to bid in USJL's auction, Bidder hereby authorizes HSJ USA, Inc. to charge the credit card currently or previously on file provided by Bidder as specified herein. A $50 handling fee will be assessed for each declined credit card transaction and Bidder agrees to such charge. Requests for other payment arrangements will only be considered prior to the opening of bidding in any auction. SHIPPING, HANDLING AND INSURANCE We provide handling, packing and shipping services solely as a convenience for our Bidders. Because Bidders most often opt for these services, we include an ESTIMATED AMOUNT in the auction invoice. We ship primarily by USPS priority mail within a commercially reasonable time following credit of the Bidders payment to our account. On average, a Bidder may expect to receive their items within 4 weeks following their payment. The actual cost of shipping, insurance, registry and confirmation services is charged to the Bidder, as well as a packing/handling fee not to exceed $3 per item, to defray the cost of labor involved. Large, heavy, fragile or otherwise unusual items will incur additional charges. Under special circumstances, USJL may ship items using USPS Express Mail, private carriers or pack and ship enterprises, the cost of which shall be charged to the Bidder. USJL will not entertain shipment using lower classes of mail due to the increased risk of loss. Requests earlier shipment or special handling may be accommodated on a limited basis at USJL's sole discretion and may incur additional handling charges. All costs charged to a Bidder's original invoice are estimates and USJL reserves the right to charge additional amounts if such estimates are exceeded and Bidder hereby agrees to such additional amounts. USJL may, at its sole discretion, combine the shipment of items from multiple auctions over a 7-day period to reduce shipping costs. All US domestic shipments are insured at the total bid amount contained in the shipment (other add-on charges are not covered by insurance). The estimated cost of insurance is included in the Bidder's invoice. Shipments to Hawaii, Alaska, US Territories and Foreign Countries - Shipping and handling charges to these locations are higher and often require registry or express mail. Insurance coverage to foreign locations may also be limited by the shipping carriers. USJL will ship items to foreign locations using the same classes of mail and additional postal services that it uses to ship to US locations, to the extent that such services are available, and, insurance coverage may be limited or unavailable. IT IS THE FOREIGN BIDDER'S OBLIGATION TO BE AWARE OF AND INSTRUCT USJL REGARDING ANY ALTERNATIVE SHIPPING ARRANGEMENTS WHICH MAY BE DESIRED TO INCREASE INSURANCE COVERAGE. USJL will not be liable for any shortfall of insurance either on foreign shipments or on the non-coverage of additional invoice charges exceeding bid amounts. Foreign Bidders are solely responsible for the compliance with all export and import requirements of the items they purchase, both out of the US and into their country of delivery. To the extent that USJL is required to assist foreign Bidders in these matters, the labor cost incurred in by USJL will be billed at $30 per hour. Storage fees of $

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