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GENERAL INFORMATION

GENERAL with NPATo register you must be considered a dealer in the state you are doing business. Pending your state requirements, the following items are needed to register: Business License Dealer License resale License Federal Tax ID Number Surety Bond Government Issued ID Copy of Voided Company CheckPurchases and PaymentPayment For Simulcast and Online purchases: Payment is required within 2 business days of the date of invoice. For Live Auction purchases: Payment is due upon receipt. Units are required to be picked up within 10 business days of the date of invoice.

Resale License • Federal Tax ID Number • Surety Bond • Government Issued ID • Copy of Voided Company Check. Purchases and Payment. Payment • For Simulcast and Online purchases: Payment is required within 2 business days of the date of invoice. • For Live Auction purchases: Payment is due upon receipt.

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Transcription of GENERAL INFORMATION

1 GENERAL with NPATo register you must be considered a dealer in the state you are doing business. Pending your state requirements, the following items are needed to register: Business License Dealer License resale License Federal Tax ID Number Surety Bond Government Issued ID Copy of Voided Company CheckPurchases and PaymentPayment For Simulcast and Online purchases: Payment is required within 2 business days of the date of invoice. For Live Auction purchases: Payment is due upon receipt. Units are required to be picked up within 10 business days of the date of invoice.

2 Late pickup will be charged a storage fee of $5 per unit, per Up Hours8:00am - 5:00pm Monday through Friday local timeNPA is not open on Saturday or SundayWe accept the following forms of payment for all Live Auctions, Exchanges, Insurance | Total Loss, and NPA eSale: Cash- ID and SSN are required for payments over $1,000 Cashier Check Business Check (Bank Letter of Guarantee may be required) eCheck (For all NPA Invoices) Floor plans from AFC, NEXTGear, Wells Fargo CDF, Northpoint Flooring & HDFS (Please contact NPA Accounting) Wire Transfer (additional $30 fee is required)Wire Transfer InstructionsNPA Mailing Address National Powersport Auctions 12400 Stowe Dr.

3 Poway, CA 92064 Bank INFORMATION JP Morgan Chase 270 Park Ave. New York, NY 10017 Account INFORMATION Account Name: Cycle Express LLC, dba National Powersport Auctions Account Number: 557781080 Wire Routing Number: 021000021 ACH Routing Number: 322271627 Swift Code (International Wires): CHASUS33 Important Wire INFORMATION Please add $ for a wire fee to the total amount Make wire payable to Cycle Express LLC Please note your business name and invoice number on the wire Email wire confirmation to Department ext.

4 923302 3/2022 GENERAL is the responsibility of the purchasing dealer to research and pay any back fees on the unit. It is also thepurchasing dealer s responsibility to know what type of units they can and cannot title or register within their state. If a dealer purchases a vehicle they are not able to title or register in their state, NPA will not allow the dealer to return the - Bill of Sale; usually for units in a non-title state MSO - Manufacturer s Certificate of Origin; unit has never been title TCMG - Title Coming; this may take up to 8 weeks to be received Legal Docs - NPA has the legal documentation to apply for a title, but no physical title.

5 Buyer is responsible for applying for title TMU - True Miles Unknown7,500 Mile Rule - CA dealers cannot register a unit titled in another state with less than 7,500 miles on itConsignments and PayoffsTitlesTitles and consignment forms must be received at the auction facility prior to auction day. Once consignments have been submitted online, it is best to send titles in a trackable form of mail to the auction location you are sending the vehicle to. There is a $20 Late Title Fee if title is not received by the auction day.

6 Private party consignments are accepted if the title is in the seller s Consignment VehiclesUpload vehicles online by entering the year, make, model and VIN of each vehicle you are sending to auction along with the type of documents you possess for the vehicle and reserve amount. After submitting online consignments, send the physical paperwork to the Consignment Admin at the NPA facility the vehicles are going reserve is the minimum amount a unit can be sold for. There are three different types of reserves to choose from:Close - Your vehicle will be sold if the high bid is within $200 of the reserve.

7 Vehicles with a high bid within $1500 of re-serve will go Subject - Your vehicle will be sold only if the high bid has met or exceeded your reserve. Vehicles with a high bid within $1000 of reserve will go Subject - This only applies when consigning multiple vehicles. Vehicles will be sold if the average sale price is greater than average reserves of all offered , ATV s, PWC Atlanta, Dallas, & San Diego: Drop off by end of business day Wednesday Denver, Lakeland, & Sacramento/Portland: Drop off by end of business day Tuesday Cincinnati & Philadelphia : Drop off by end of business MondayBoats & RV s Atlanta, Dallas, & San Diego: Drop off by end of business day Monday Cincinnati, Denver, Lakeland, Philadelphia, & Sacramento/Portland.

8 Drop off by end of business FridayNo Sale PolicyIf your vehicle runs through 3 live sales and does not sell, the vehicle will automatically be redeemed for pick up andall applicable fees will be due. In order for these vehicles to run through NPA again, the reserve must be adjusted so that it is in line with the NPA value guide and will be re-consigned through the website again. All fees will start over from that point as a new vehicle. NPA will not allow a vehicle to be re-consigned if the reserve is not lowered to current NPA : All payoffs are sent from NPA San Diego, Corporate Headquarters.

9 Atlanta, Dallas, & San Diego auction payoffs are sent to dealers the Tuesday following the auction. Cincinnati & Philadelphia auction payoffs are sent to dealers the Friday following the auction. Denver, Lakeland & Sacramento payoffs are sent to dealers the Monday following the 3/2022 GENERAL has its own trucks and partners with transportation affiliates throughout the US in order to set up transportation to/from your dealership and between facilties. If you need assistance arranging transportation, please contact one of our transportation specialists at or BidsIf a dealer is unable to bid online during a live auction, Proxy Bids may be placed for units without the dealer being present.

10 Once logged in to go to BUY on top navigation, choose auction location and click the lane you are interested in. Once you have chosen a unit select Place Bid button. When the page has loaded, fill in the required INFORMATION and click Submit . If bidding on Simulcast, you can also place proxy bids on upcoming units directly in the bid screen and without leaving the auction Terms and DefinitionsInter-Facility Transfer - Transportation of units between NPA facilitiesWish List - Can be created for vehicles that dealers are interested in but NPA does not currently have in auctionWatch List - Consolidated list of units a dealer has shown interest in for an upcoming auctionFloor Bid - Bid made by a dealer physically present at the auctionCounter Offer - Bid the


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