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Bidder AgreementBidder Agreement

Acceptance of Terms By accessing the Site, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you are prohibited from using the Site and must discontinue use immediately.

Auction Opening Date and Times The Auction will open for bidding on the November 19, 2024 and at the following times:

• 6 am Los Angeles

• 9 am New York

• 2 pm London

• 5 pm Riyadh

• 6 pm Dubai

• 10 pm Beijing

• 11 pm Tokyo/Seoul

• 1 am November 20, 2024 Melbourne/Sydney

Access and Bidding The Auction Transaction process is as follows:

1. Each potential Buyer signs in to the Auction Platform.

2. The potential Buyer requests access to the Auction and accepts the specific Auction Transaction rules.

3. Seller approval grants access to selected potential Buyers.

4. Successful Buyers receive payment instructions via email at the Auction Transaction conclusion.

Auction Format All lots will undergo an initial bidding period of 36 hour(s). Following this, a 3-minute countdown clock initiates. Bidding continues on all lots, resetting the clock to 3 minutes after each bid. The auction concludes when no bids are received on any coffee within the countdown period.

Auction Pricing Lot pricing is denominated in USD dollars and cents per pound. Each lot opens with a minimum price of $5.05/lb, with a minimum bidding increment of $0.10 per pound.

Bids and Auto Bids Bidders can place bids manually or opt for an auto-bid, specifying a budget and minimum increment. The Auction Platform will automatically bid on behalf of the bidder by incrementing the current highest bid. Once accepted, auto-bids are binding; however, bidders can adjust or cancel auto-bid settings at any time.

Communication After Auction Winning bidders will receive an automated email connecting them with the exporting party. Contact details are provided below:

Ben Carlson

Long Miles Coffee 

phone/whatsapp +254.700.024.348

Email: ben@longmilescoffee.com

Financial Responsibility The highest bidder at auction close is responsible for full payment to the exporter for the entire lot. Once accepted, bids cannot be revoked. If the producer or country partner declines a payment or shipping request, the winning bidder remains liable for full payment.

Shipping and Payment Terms All sales are conducted under Free on Truck (FOT) terms from origin. Buyers assume responsibility for shipping costs beyond this point. Payment is due upon receipt of the producer's invoice.

Shipping Requirements Shipping instructions should be directed to: info@longmilescoffee.com, herve.irankunda@cccburundi.com