COURT ORDERED AUCTION
By Order of the U.S. Bankruptcy Court - Southern District of Florida
Benchmark Industries, Inc. d/b/a Paper Mill Media Group
Case Number: 20-19495-SM • Les Osborne, Trustee
Timed On Line Auction March 2021

1. BIDDER REGISTRATION:

• The auction is open to the public and all bidders will be required to register on the National Auction Companys' Proxibid Auction Page. Bidder registration will begin on March 16, 2021 there will be a link on the webpage www.natlauction.com. directing prospective bidders to Proxibid.com.

2. AUCTION DATE:

• This auction will be a Timed On-Line Auction. Bids will be received at the National Auction Companys' Proxibid Auction Page. The auction will be conducted on Proxibid.com.

• Registration for the auction will be through Proxibid.com and bidders will be required to provide credit card information as a means of verification only.

• The auction opens on March 16, 2021 at 3:00 P.M. and lots will begin closing on March 22, 2021 at 3:00 P.M.

• The auction web site will make use of staggered closing times but all bids will end on March 22, 2021.

• All bids will be reported to the Court-Appointed Trustee, Les Osborne who will have the right to accept or reject all top bid prices. The top bid price and next highest bidder’s information will be reported as the High Bidder and Back-Up Bidder to the Trustee. Bids that are received after published closing times will not be accepted except those falling under the conditions of Extensions of Bid described in the following bullet.

• Extensions of Bid: In the event a bid or bids are made during the last five minutes of an auction, the end time for the auction will be extended for an additional two minutes. Extensions will continue until no further bids are received within the last five minutes of the auction.

• The assets included in this Time-Bid Auction will be offered and sold Subject to the Confirmation of the Court-Appointed Trustee. Should any bid (s) not be confirmed by the Trustee, items may be withdrawn from the auction and placed in an event to be conducted at a future time. It is expected Top Bidders will be notified that their bid has either been accepted no later than 48 hours from the time the auction closes.

• The Auctioneer reserves the right to establish minimum amounts for bid increases. In the event bidders do not comply with minimum amounts stated, bids received that are less than those set forth will not be accepted.

3. PLACE:

• The Auction will be conducted by the National Auction Companys' Proxibid Auction Page.

4. PREVIEWS:

• The equipment, machinery and other items included in this auction are not available for Preview because of pending requirements brought about by the COVID 19 Pandemic.

• The Auctioneer and his staff will provide information pertaining to each item included in the auction that describes its current condition to the best of the ability of the Auctioneer and his staff. Photographs and descriptions will be published on the Auctioneer’s Proxibid Auction Web Page. All information provided by National Auction Company is not guaranteed and prospective bidders should relay upon their own judgement concerning the condition of each item.

• Every effort has been made to accurately illustrate the condition of each asset included in this auction, however, the Auctioneer is not a mechanic.

• Each item included in this auction is specifically offered and sold in As-Is condition without guaranty or warranty either expressed or implied.

• Specific information not included on the website can be obtained contacting George Richards at (954) 658-5033. It is possible specific information requested may not be available.

5. BUYER’S PREMIUM:

• A 10% Buyer’s Premium will be added to all top bid prices and included in the final purchase price.

6. NOTIFICATION TO TOP BIDDERS AND PAYMENTS:

• All Top Bidders will be notified their bid has been accepted by the Trustee through National Auction Company by the E-Mail address supplied at the time of Bidder Registration.

• Payments can be made by Cash, Money Order, Certified Check or Cashier’s Check. All checks should be made payable to National Auction Company, Auctioneer’s Escrow Account. Personal and Corporate Checks will be accepted only when accompanied by a current bank letter which guarantees payment for purchases made at this auction.

• Payments can also be made via Bank to Bank Wire Transfer. Please contact Auctioneer for bank information.

• All payments will be accepted starting on March 23 through March 24 between the hours of 10:00 A.M. and 3:00 P.M.

• a. Payments must be made at the auction site, 6555 Powerline Road, Suite 109, Fort Lauderdale, Florida.

• b. In the event a Top Bidder has purchased more than one item, payment in full must be received before anything can be removed.

• Purchasers arriving at the auction site will be expected to wear a face covering and observe social distancing.

7. DEFAULT:

• If a buyer fails to complete the sale under the conditions set forth in the Terms & Conditions of Sale, any deposits and/or payments will be forfeited and assets will remain the property of the Trustee.

• If a Top Bidder fails to make payment in full after being notified their bid has been accepted, at the discretion of the Trustee and/or Auctioneer, the bidder’s name may be subject to removal from the mailing list and may not be permitted to participate in future auctions.

8. REMOVAL:

• Purchased items must be removed from the auction site on or before March 24, 2021. National Auction Company is not responsible for items purchased remaining at the auction site after completion of the auction.

• Purchasers must bring their own tools and equipment needed to remove items from the auction site location.

9. REGISTRATION:

• All bidders will be required to register on the National Auction Companys' Proxibid Auction Page. A link will be provided at www.natlauction.com. Each Bidder will be assigned a Bidder’s Number. The Bidder’s Number will be used and that number will be recorded for that sale.

10. DIRECTIONS:

• From I-95 (Broward County)

• Exit at Commercial Boulevard (Fort Lauderdale) and continue West to Powerline Road. At Powerline Road, turn right and continue to auction site location.

• FROM the Turnpike (Broward County)

• Exit at Commercial Boulevard and continue east to Powerline Road. At Powerline Road, turn left and continue to auction site location.

11. AUCTIONEER CONTACT:

• If additional information or other details are needed, please contact George Richards at (954) 658-5033 or by e-mail at grichards@natlauction.com.

National Auction Company

Licensed Real Estate Brokers & Auctioneers

(AB 640 • AU899)