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This sale shall be conducted within the framework of the rules listed below as posted on cannabis10x.com (hereinafter referred to as “10X”). This sale shall be conducted between Registered License Holders (hereinafter referred to as “Seller”) and Buyers (hereinafter used interchangeably with “Bidder”) This is an Auction-Style event, not a formal auction. Event includes both live and virtual participants. Should the event be unable to be held live due to unforeseen circumstances, the virtual event will commence regardless. Pre-auction bids are subject to the same terms and conditions governing event day live and virtual bids. All sales are contingent upon state approval.
I Buyers and Sellers agree that all information provided to 10X shall be current, complete, and accurate. All Buyers and Sellers must be 21 years of age or older.
II The descriptions of items appearing in the event and in advertising prior to the event are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made Seller, 10X or 10X Representatives concerning any item shall be construed as a warranty, either expressed or implied.
III If the bid is ‘won’, Buyer agrees to pay the 10% refundable deposit by immediate wire transfer or credit card. Upon state approval, the deposit plus the remaining balance shall be due and wire transferred by the Buyer to the Seller. Should the state fail to approve the transfer of license due to a misrepresentation by the buyer with no fault to the seller, the 10% deposit is non-refundable. Should deposit be returned to the buyer, a 1% service fee shall be retained payable to 10X.
IV Should Buyer need assistance in license regulations 10X can refer up to three closing attorneys to assist in the sale. 10X is not affiliated with any such referred attorney, as such 10X shall be held harmless from any actions of attorneys.
V Buyer accepts responsibility for and agrees to indemnify, defend and hold harmless each Owner/Seller, 10X and their employees, governing body, officers, owners, affiliates, subsidiaries, directors, agents and representatives from and against any and all claims, losses, damages, liabilities, judgments, fees, costs and expenses (including reasonable attorneys’ fees and expenses) related to, arising from or associated with Buyers, his agents or representatives.
VI As a Bidder, placing a bid is a binding contract between you and the Owner/Seller/10X and the bid cannot be retracted. Once you place a bid, and if you win, you will be obligated to buy the license at the said price you indicated as your bid. The Owner/Sellers/10X of license sold through this Site reserve the right to reject any and all bids, in their sole discretion. Only the laws of the State of Florida shall apply and shall govern all actions accordingly. Buyer agrees to abide by all such Florida laws.
VII Access and use of any event of 10X is subject to any and all specific terms and conditions set forth on any individual page within the website and the terms and conditions of this User Agreement (collectively “Agreement”) and all applicable laws and regulations, including but not limited to copyright and trademark laws. All event photos appearing on this site are owned by 10X and not for use without express written permission.