STAIR GALLERIES AUCTION CONSIGNMENT AGREEMENT Thank you (the "Consignor") for choosing to consign property for auction with us ("Stair Galleries & Restoration, Inc."). The property consigned by you for public auction sale (the "property") is listed on the attached Property Receipt. The property shall be sold by us as your agent pursuant to the terms of this Agreement and the Conditions of Sale printed on the back of the Property Receipt and in the front of the auction catalogue. 1. SALE DATES & LOTS: We shall auction the property at the earliest date possible, but we shall not be responsible for any delays in the sale date. At our discretion, we may offer some of the property on one sale date and reserve other of the property to be sold on another sale date. We may group your property into such auction lots as we determine will be most suitable. 2. COMMISSIONS: 10% (Ten percent) of the selling price for each lot sold. Each lot sold is deemed a separate transaction and the commission is based on the sale price of such lot. 3. EXPENSES: The commission covers all expenses of sale, other than insurance, after the property has been received at the gallery. The commission also covers the cost of photography and cataloguing. 4. INSURANCE: Once the property has been received at the Gallery we shall be responsible for risk of loss or damage to the property, normal wear and tear excepted. In consideration for our assumption of such risk, you shall pay us 2% (two percent) of the median pre-sale estimate or, following the sale, the successful bid amount. 5. PACKING & SHIPPING: We are responsible for packing and delivering the property to the Gallery. G. STAIR GALLERIES TRUCKING SERVICES: A trucking fee of $0 will be deducted from the net proceeds due to the consignor. 7. RESERVES: All property is sold without reserve unless specifically noted on the Property Receipt. No reserve will be placed on a lot estimated at less than $1,000.00. In no event will