(1) Bidder ("Bidder") submitting winning bid ("Winning Bid") is irrevocably obligated to provide Investments based on its bid, including conditions (if any), if acceptable to the Investor, as set forth in the related Terms. Winning Bids are not official until formally awarded by Investor.
(2) Grant Street Group, Inc. is not responsible for (a) technical difficulties that result in loss of Bidder's internet connection with Grant Street Group's GICauction Web Site ("GICauction"), (b) slowness in transmission of bids, or (c) any other technical problem resulting in bid submission failure.
(3) If for any reason Bidder is disconnected from Auction Page during an auction after having submitted a Winning Bid, bid is valid and binding upon Bidder, unless Investor exercises its right to reject bids, as set forth in the related Terms.
(4) Bids which generate error messages are not accepted until the error is corrected and the bid is resubmitted.
(5) Bidders accept and agree to abide by all terms and conditions specified in the Terms (including Amendments, if any) related to each auction.
(6) Grant Street Group is not responsible for any defect or inaccuracy in the Terms and Amendments as they appear on GICauction.
(7) Only Bidders who receive admission to an auction may submit bids. Grant Street Group reserves the right to deny access to GICauction to any Bidder, at any time and for any reason whatsoever, in its sole and absolute discretion.
(8) Bidders are responsible for maintaining the confidentiality of their respective passwords.
(9) If two or more bids submitted in the same auction by different Bidders result in a tie, the first confirmed bid received by GICauction is ranked ahead of other tie bid. Any change to a submitted bid constitutes a new bid.
(10) Bidders must compare their final bids to those shown on the Observation Page. If Bidders disagree with the final results shown on the Observation Page, the discrepancies must be reported to Grant Street Group within 15 minutes of the posting of the final results on GICauction. Investments are definitively awarded to Winning Bidders only upon official award by the Investor. If, for any reason: i) the Investor fails to award Investments to the leading bid at the conclusion of the auction, or ii) funding of Investments does not occur or is delayed, Grant Street Group shall not be liable for damages.
(11) Bidders who submit a bid on the Auction Page by clicking the "Submit Bid" button must confirm that bid by clicking the "Yes, Submit Bid" button on the Confirmation Page.
(12) This Web site is provided "as is" without warranty whatsoever. Grant Street Group hereby disclaims any and all warranties, including without limitation any implied warranties of merchantability and/or fitness for a particular purpose.
(13) In no event will Grant Street Group be liable for indirect, special, incidental, economic, cover, consequential, tort, or other damages (including without limitation damages or costs relating to the loss of profits, business, goodwill, data or computer programs, even if advised of the possibility of such damages), without regard to the legal theory of such damages, arising out of the use or inability to use GICauction.
(14) For auctions utilizing the "Two Minute Rule", if any bid becomes a leading bid within two (2) minutes prior to the scheduled end of the auction, then the auction will be automatically extended for two (2) minutes from the time such new leading bid was received by GICauction. The auction end time will continue to be extended, indefinitely, until all leading bid(s) remain the leading bid(s) for at least two minutes.

"Bid" - any confirmed bid received by GICauction on or before the auction deadline.
"Bidder" - any firm registered with GICauction and approved for participation in auctions.
"Investments" - includes investment agreements, repurchase agreements, and any other investment vehicle.
"Investor" - party soliciting Bids for Investments.
"Terms" - Investor's official solicitation to Bidders which sets forth the terms and conditions Bidders agree to abide by.
"Winning Bid" - any offer made by a Bidder by clicking the "Yes, Submit Bid" button which, at the end of the auction, results in the highest rate, and which is acceptable to the Investor.
"Winning Bidder" - bidder submitting Winning Bid.

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Grant Street Group auction services are protected by
U.S. Patent Nos. 6,161,099, 7,523,063, and patents pending.