- O W L - ONAGA WEB LIVE Rule

1. WHAT IS "- O W L - ONAGA WEB LIVE" ?

THE AUCTION HELD BY ONAGASHOJI CO., LTD.
MEMBERSHIP IS REQUIRED FOR PERTICIPATION.

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2. THE MEMBERSHIP REGISTRATION

PLEASE RESISTER FOR MEMBERSHIP BY RESISTRATION FORM ON OUR WEB SITE
OR THOURGH FAX WITH APPLICATION FORM.

WE WILL INFORM YOU OF YOUR REGISTRATION NUMBER AND PASSWORD BY E-MAIL.

IF NECESSARY, WE MAY ASK YOU TO PAY JPY 500,000 YEN
AS A DEPOSIT PRIOR TO REGISTRATION.
(THE DEPOSIT WILL BE APPLIED TOWARD YOUR PURCHASE IN THE CASE OF YOUR
SUCCESSFUL BID. IF YOUR BIDS ARE UNSUCCESSFUL, YOUR DEPOSIT WILL BE
REFUNDED TO YOU.)

BANK ACCOUNT : ONAGA SHOJI CO.,LTD.
                               THE BANK OF TOKYO-MITSUBISHI UFJ, LTD
                               KOBE-CHUO BRANCH
       SWIFT CODE : BOTKJPJT
     ACCOUNT NO : 1175274
  (BUYERS MUST PAY THE TRANSFER / REFUND CHARGES)

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3. PURCHASE PRICE

ALL PRICES ARE
"AS IS (NO WARRANTY), WHERE IS (EX-ONAGA SHOJI ROKKO CENTER)" BASIS.
8% CONSUMPTION TAX IS NOT INCLUDED.

BUYERS ARE 100% RESPONSIBLE FOR ANY CASE ANY COSTS SUCH AS INLAND TRANSPORTATION,
PORT USAGE CHARGES, FOB CHARGES, THC, .... ETC.

ALL TRANSACTIONS SHALL BE MADE IN JAPANESE YEN. 8% CONSUMPTION TAX IS REQUIRED
FOR DOMESTIC TRADE WITHIN JAPAN.

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4. INSPECTION

WINNER SHALL NOT HAVE RIGHT TO CANCEL OR CLAIM BASIS ON MACHINE'S CONDITION.
(ALSO, THAT BASED ON THE MISTYPING OR INCORRECTNESS OF ANY INFORMATION ON
THE MACHINE LIST OR WEB SITE.)

MEMBERS MAY INSPECT ALL EXHIBITED EQUIPMENTS AT OUR AUCTION SITE.
WE GENERALLY ASK MEMBERS NOT TO INSPECT THE EXCEPT THE DURING THE HOLDING
OF AUCTION AND DURING THE DESIGNATED PERIOD.

WE SHALL HAVE NO RESPONSIVILITY FOR DAMAGES, THEFT AND ANY ACCIDENTS AT OUR AUCTION SITE.
IF THERE IS ANY DAMAGES THAT REQUIRES REPAIR TO THE MACHINES DUE TO ACCIDENTS DURING INSPECTION,
WE SHALL CHARGE YOU THE COST FOR REPAIRS

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5. BIDDING

PLEASE BID THROUGH THE AUCTION SITE WEB ON YOUR COMPUTER AFTER LOG-IN
BY USING BIDDER's ID AND PASSWORD.
OR PLEASE FILL IN THE BID FORM WITH BIDDER NUMBER, COMPANY NAME, PHONE NUMBER,
MOBILE NUMBER, FAX NUMBER, NAME OF PERSON IN CHARGE, MODEL AND YOUR BID PRICE.
PLEASE PUT THE FORM INTO THE BID BOX OR SEND BY FAX.

MEMBERS CAN BID ANY TIMES DURING AUCTION PERIOD,
BUT MAY NOT DECREASE THE PREVIOUS BID PRICE NOR CANCEL YOUR BID.

WE DO NOT ACCEPT ANY BIDS AFTER AUCTION CLOSE.

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6. SUCCESSFUL BID

WE'LL ADVISE THE RESULT RIGHT AFTER AUCTION CLOSE.

THE MEMBER WHO BIDS THE HIGHEST PRICE AT THE END OF AUCTION SHALL BE THE SUCCESSFUL BIDDER.

WE CANNOT ACCEPT THE CANCELLATION OF YOUR BID. WE SHALL CHARGE THE LARGER AMOUNT OF JPY500,000.-
OR 20% FOR BID AMOUNT AS A PENALTY IN CASE OF CANCELLATION AFTER YOUR BID.

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7. PAYMENT

INVOICES WILL BE SENT TO SUCCESSFUL BIDDER IMMEDIATELY.
PAYMENTS MUST BE MADE IN FULLBY CASH OR BY REMITTANCE TO OUR BANK ACCOUNT.
WE NEVER ACCEPT PAYMENT BY L/C.

ALL PAYMENT SHALL MADE BY JAPANESE YEN WITHIN 7 WORKING DAYS AFTER THE END OF THE AUCTION.
FAILURE TO PAY AS ABOVE, WILL RESULT IN THE BUYER'S LOSS OF THE RIGHT PURCHASE AND
ONAGA WEB LIVE WILL RESELL THE BIDDING LOTS WITHOUT ANY NOTICE TO BUYER.

BANK ACCOUNT : ONAGA SHOJI CO.,LTD.
                               THE BANK OF TOKYO-MITSUBISHI UFJ, LTD
                               KOBE-CHUO BRANCH
       SWIFT CODE : BOTKJPJT
     ACCOUNT NO : 1175274
  (BUYERS MUST PAY THE TRANSFER / REFUND CHARGES)

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8.DELIVERY AND SHIPMENT

THE DELIVERY AND SHIPMENT WILL BE POSSIBLE UPON RECEIPT OF FULL PAYMENT.
THE BUYER SHALL BE RESPONSIBLE FOR THE PULL-OUT OF OR SHIPMENT OF THE PURCHASED
MACHINES WITHIN 2 WEEKS FROM THE END OF THE AUCTION.
OTHERWISE, STORAGE FEES SHALL BE CHARGED TO BUYER(JPY1,000 PER DAY/UNIT)

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9.INTERPRETATION AND JURISDICTION

THE INTERPRETATION OF THESE RULES SHALL BE INTERPRETED
IN ACCORDANCE WITH THE LAWS OF JAPAN.
THE KOBE DISTRICT COURT SHALL BE THE COURT HOLDING JURISDICTION
FOR THE FIRST TRIAL FOR ANY DISPUTES RELATED TO THESE RULES.

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