This is a binding legal agreement between you, your business and your representatives (collectively, “you,” “your” or “Customer”) and WEBXLOO LLC which owns and operates GlobalCarExchange.com (“Global Car Exchange,” “we” or “our”). A Customer is a party selling a vehicle (the “Seller”), the party buying a vehicle (the “Buyer”), the party facilitating or sponsoring the sale event (the “Auction, “Facilitator”) or anyone who bids on a vehicle, or anyone using the Services. This Terms and Conditions of User Agreement (“Agreement”) describes the terms and conditions applicable to your access and use of the GlobalCarExchange.com website, applications, programs, services and content available via such offerings which relate to the Global Car Exchange marketplace. The Agreement, and all policies and additional terms posted on and in our site, applications, tools and services (collectively "Services") set out the terms on which Global Car Exchange offers you access to and use of our Services. By using or accessing the Services, you agree to be bound by the current Agreement, the Global Car Exchange Privacy Policy located at https://www.globalcarexchange.com/privacy-policy, the Global Car Exchange Arbitration Policy located at https://www.globalcarexchange.com/arbitration-policy, and the Global Car Exchange Title Policy located at https://www.globalcarexchange.com/title-policy. All policies and additional terms posted on and in our sites, applications, tools, and services are incorporated into this Agreement.

PLEASE READ THIS AGREEMENT CAREFULLY. BY ACCESSING THIS WEBSITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS SET FORTH BELOW. THESE TERMS AND CONDITIONS ARE SUBJECT TO CHANGE. ANY CHANGES WILL BE INCORPORATED INTO THIS AGREEMENT POSTED TO THIS WEBSITE FROM TIME TO TIME AND WILL BE EFFECTIVE UPON POSTING. YOUR CONTINUED USE OF THE SERVICE FOLLOWING POSTING OF ANY REVISED TERMS OF CONDITIONS WILL CONSTITUTE ACCEPTANCE OF MODIFIED THE AGREEMENT. IF YOU DO NOT AGREE WITH THE TERMS OF THIS AGREEMENT, PLEASE DO NOT ACCESS THIS WEBSITE.

1. Introduction

GlobalCarExchange.com is an online automotive marketplace that brings together auto auctions, automobile dealers, inspectors, consigners, rental companies, manufacturers, banks, leasing companies, and other automotive industry professionals together. GlobalCarExchange.com includes such features as Vehicle Inspection Report, Live Video Streaming, SimCasts Simulcast, Auction Management Systems, Dealer Management Systems, CRM and other automotive software and information.

Global Car Exchange is not a traditional auctioneer but is fully compatible and compliant with its auction clients and dealership customers in unifying the automotive wholesale segment. Global Car Exchange provides services to facilitate the exchange of vehicles between Buyers and Sellers. The actual contract for sale is directly between the seller and buyer. Global Car Exchange does not take title to the vehicles listed for sale via the Services. Global Car Exchange is neither the Buyer nor the Seller of the vehicles listed for sale. As a commercial party, you should research the condition and value of the vehicle and the terms of sale before bidding. You agree that any legal claims arising out of a transaction will be between you and the other party (either Buyer or Seller) in the transaction and not against Global Car Exchange or any Global Car Exchange partner.

Any guidance we provide as part of our Services, such as pricing, listing, and sourcing is solely informational, and you may decide to follow it or not. Also, while we may help facilitate the resolution of disputes through various programs, Global Car Exchange has no control over and does not guarantee: the existence, quality, safety or legality of items advertised; the truth or accuracy of users' content or listings; the ability of sellers to sell items; the ability of buyers to pay for items; or that a buyer or seller will actually complete a transaction or return an item.

2. Registration

To be eligible to access the Services, you must complete Global Car Exchange online registration process. As part of the registration process, you need to provide us with your registration documents, login and password that will be linked to your account after information approval. You represent and warrant that all information that you provide to Global Car Exchange is accurate and complete and that you do not register under the name of, nor attempt to access the Service under the name of, another person or entity. You will notify us in writing of any changes to the information provided. You and your designated authorized representatives (“Authorized Representatives”) are liable and responsible for all actions, omissions and any failure to act of your Authorized Representatives in connection with your Authorized Representatives’ use of the Services. You hereby authorize Global Car Exchange to share the information you provide to us (including, without limitation, financial information) with Global Car Exchange partners solely to the extent such information is needed to provide the Services. You agree not to give anyone access to the Services other than your Authorized Representatives. Further, you represent and warrant to Global Car Exchange that: (a) you and your Authorized Representatives are in compliance with and shall comply with all laws and regulations that apply to your business; and (b) you and your Authorized Representatives have secured and will maintain all permits, licenses and governmental approvals required to operate your business including, without limitation, as required to access and participate in the Services. We reserve the right to temporarily or permanently suspend your access rights and/or the access rights of any of your Authorized Representatives at any time in our sole and absolute discretion.

3. Permitted Use

You agree that you will use the Services solely for your internal business purposes and will not: (i) license, sublicense, sell, resell, rent, lease, transfer, assign, distribute, time share or otherwise commercially exploit or make the Services available to any third party, other than to your Authorized Representatives or as otherwise contemplated by these Terms; (ii) send spam or otherwise duplicative or unsolicited messages in violation of applicable laws; (iii) send or store infringing, obscene, threatening, libelous, or otherwise unlawful or tortious material, including material that violates third party privacy rights; (iv) send or store malicious code or viruses; (v) interfere with or disrupt the integrity or performance of the Services or the data contained therein; or (vi) attempt to gain unauthorized access to the Services or its related systems or networks. You further agree that you will not (i) modify, copy or create derivative works based on the Services; (ii) frame or mirror any content forming part of the Services; (iii) reverse engineer or decompile the Services; (iv) access the Services in order to (A) build a competitive product or service, or (B) copy any ideas, features, functions or graphics of the Services; or (v) permit or authorize any third party to do any of the above at your direction or on your behalf.

4. Seller Obligations

The Seller represents, warrants and agrees to the following terms:

a. Seller is a licensed dealer of motor vehicle;

b. Any amounts owed to Global Car Exchange or its affiliates by Seller may be deducted from any proceeds due Seller;

c. Global Car Exchange may stop payment or refuse to authorize payment to Seller pursuant to a right of offset;

d. Risk of loss for a vehicle remains with the Seller as long as the vehicle is at Seller’s premises. Once the Buyer retrieves the vehicle, or otherwise causes the vehicle to be removed from Seller’s premises, the risk of loss for the vehicle is transferred to the Buyer or its agents;

e. It is responsible for completion and execution of the required odometer mileage statement pertaining to the vehicle and on the certificate of title;

f. That it is the true and lawful owner of the vehicle except as set forth in the vehicle’s announcements;

g. That the vehicle is free from all liens and encumbrances except as set forth in the vehicle’s announcements;

h. That it has full rights, power and authority to sell and transfer title to the Buyer in accordance with the Global Car Exchange Title Policy (https://www.GlobalCarExchange.com/title-policy) except as set forth in the vehicle’s announcements;

i. A $500 cancellation fee will be assessed to a Seller if a transaction is cancelled or abandoned after a Buyer's bid either meets the reserve or is otherwise accepted;

j. Unless otherwise agreed, Seller will hold and make the sold vehicle available on its lot for at least three business days after the sale of the vehicle for the Buyer or its agent to pick up;

k. The number of vehicles posted by a Seller may be limited by Global Car Exchange during an introductory period;

l. Unless otherwise agreed, Seller will permit Global Car Exchange to inspect on Seller’s lot the vehicles Seller intends to sell through the Services, for the purpose of creating a vehicle condition report;

m. Seller shall abide by and comply with all applicable laws, rules and regulations, including but not limited to all rules and regulations set forth by the applicable department of motor vehicles.

5. Buyer Obligations

The Buyer represents, warrants and agrees to the following terms:

a. That it is a licensed motor vehicle dealer in good standing;

b. Buyer will purchase the vehicle at the final bid price which can be accepted by the Seller until 3 hours after the sale has ended.

c. Buyer will not resell the vehicle until the funds have been transmitted to Global Car Exchange;

d. Buyer will pick up the vehicle within three business days;

e. Buyer will select a payment option by 11:59 pm same day the bid is accepted by the Seller or this sale may be considered null and void at Global Car Exchange’s discretion; in such event Buyer may be subject to financial penalty and/or suspension of Buyer’s account access;

f. That no stop payment of Buyer’s payment to Global Car Exchange shall be honored;

g. That any stop payment order shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as an intent to defraud in order to consummate the transaction;

h. That it will abide by the timeframes for delivery of title set forth in Global Car Exchange titles policy;

i. That Global Car Exchange may deposit any payment immediately, regardless of whether the vehicle’s certificate of title has been submitted by Seller;

j. That Buyer is responsible for pickup and transport

k. That it is solvent;

l. That the vehicle is purchased solely for resale;

m. That the vehicle is purchased for resale in the form of tangible personal property in the regular course of business and is the sort usually purchased by Buyer for resale;

n. That if it is planning to export a vehicle, Buyer is responsible for ensuring satisfaction of all export requirements and all import requirements of the destination country;

o. That in the event that the vehicle is used for any purpose other than for resale, Buyer will pay directly to the proper taxing authorities such sale or use tax as may then be accrued and become payable;

p. That it holds a retail sales tax registration, certificate, license, or other permit, issued by the sales taxing authority of Seller’s state, county, and country as appropriate;

q. Title to the vehicle will not pass to Buyer until complete payment has been received by Global Car Exchange and the title has been received from the Seller;

r. Global Car Exchange reserves the right to limit the number of vehicles purchased by a Buyer at any time

s. Failure to remit payment within two business days will result in a fee equal to the total buy fee;

t. Buyer is subject to account suspension at the discretion of Global Car Exchange;

u. Buyer will not attempt to manipulate bids, intentionally bid up the price of any vehicle, or otherwise fraudulently bid on any vehicle;

v. Buyer shall abide by and comply with all applicable laws, rules and regulations, including but not limited to all rules and regulations set forth by the applicable department of motor vehicles.

6. Payment Terms

In consideration of access to the Services, Buyer and Seller each agree to pay Global Car Exchange or partners (as applicable) all fees and charges assessed by Global Car Exchange and/or the Global Car Exchange. partners for access to the Services (collectively, the “Fees”). The fees we charge for using our Services are listed on our Payments and Fees page. Fees are subject to change without notice. The purchase price of the vehicle, service charges, plus all applicable taxes and Fees payable by Buyer in connection with a transaction is the “Total Payment Amount.” All Fees are non-refundable.

Buyer shall pay Global Car Exchange the Total Payment Amount within two (2) business days after the Buyer’s bid is accepted as the winning bid (the “Payment Due Date”). Payment shall be made in U.S. dollars by, ACH electronic funds transfer, credit card, check, floor plan, or by another financing arrangement acceptable to Global Car Exchange (each a “Payment Method”). The Buyer agrees to pay any fees and commissions associated with the chosen payment method. If payment is not received by the Payment Due Date, the amount owing will be automatically debited using the default payment method selected by the Buyer. Global Car Exchange reserves the right to specify the type of Payment Method it will accept from the Buyer in our sole and absolute discretion. In addition to whatever rights of set-off Global Car Exchange may have in any jurisdiction where vehicles are sold, if Buyer fails to pay Fees or other amounts owing when due to Global Car Exchange or any Global Car Exchange partner, Global Car Exchange will be entitled to immediately set off the amount owed by Buyer from any funds due from Global Car Exchange to Buyer. In addition, if you fail to pay the Total Payment Amount by the Payment Due Date, we may: (a) electronically debit your bank account or floor plan account in accordance with the default payment method selected by you or another account made available to Global Car Exchange; (b) withhold title documents until all amounts owed have been paid; (c) cancel the sale transaction; (d) charge interest on any past due amounts at the rate of one and one half (1.5%) percent per month, calculated in U.S. dollars, or the maximum rate allowed by law, whichever is less; and/or (e) pursue any other remedy or relief permitted by law. If Global Car Exchange accepts payment from Buyer by electronic check, Buyer authorizes Global Car Exchange to initiate debit entries to its account at the financial institution on which the electronic check was written. The electronic check debit authorization will remain in force until we have received written notice from you of its termination. Global Car Exchange reserves the right to decline payment by electronic check at any time and for any reason. Any payment that is withdrawn by Buyer or its bank, rejected or returned for non-sufficient funds (“NSF”) must be settled and replaced immediately. NSF transactions will be subject to a service charge up to the maximum amount allowed by law and shall be immediately due and payable. Global Car Exchange will pay Seller the purchase price of the vehicle less the Fees due from Seller to Global Car Exchange after receipt of a clear, transferable title from Seller.

You agree to pay all costs including, without limitation, attorney fees, court or/and arbitration costs and other expenses reasonably incurred by Global Car Exchange or an Global Car Exchange partner, to collect any monies owing by you.

7. Global Car Exchange Intellectual Property

Global Car Exchange reserves all rights, title, and interest in and to the Services, including, but not limited to, the Global Car Exchange’s trademarks, logos and other brand feature, all photos, images, videos, text, data and data compilations, graphics, works of authorship, software, design and button icons (collectively, “Service Content”). Service Content is the property of Global Car Exchange and protected by United States and international copyright laws. These Terms do not grant Customers any rights in the Services except as expressly set forth herein. Global Car Exchange’s trademarks may not be used in connection with any product, service, or marketing without the prior written consent of Global Car Exchange.

8. Copyright Infringement

Global Car Exchange respects the intellectual property of others. We respond to notices of alleged copyright infringement under the United States Digital Millennium Copyright Act. If you believe that your intellectual property rights have been infringed, please notify our legal team legal@globalcarexchange.com.

9. Termination

Global Car Exchange, in its sole discretion, may suspend, terminate or delete your Account or use of the Service, and remove and discard any content within the Service, for any reason, including, without limitation, for lack of use, or if Global Car Exchange believes that you have violated or acted inconsistently with the Agreement. Further, you agree that Global Car Exchange shall not be liable to you or any third-party for any termination of your access to the Service.

10. Arbitration

If, upon pickup and inspection of the vehicle, the Buyer discovers a defect that is allowed to be arbitrated pursuant to the Global Car Exchange Arbitration Policy, Buyer may pursue a remedy through the arbitration process as set forth in such policy. Sellers who repeatedly fail to make required announcements or Buyers who repeatedly submit questionable arbitration claims may have their auction privileges temporarily or permanently suspended.

11. Data

Global Car Exchange has the right to use certain Customer generated information, content, photographs and vehicle data for the limited use of promoting and carrying out the Services requested by such Customer. Customers and their representative dealerships grant Global Car Exchange a limited license to utilize non-confidential information for the general purpose of promoting and providing Services to our Customers, and this license extends to trusted third parties with whom we work. Customers agree that this permission is royalty free, irrevocable and worldwide for so long as Customer Information is held by Global Car Exchange. All data collected by Global Car Exchange related to vehicles, and all transaction data related to the Services shall be owned by Global Car Exchange without restrictions on its use of such data.

12. Availability, Errors and Inaccuracies

GlobalCarExchange.com is constantly updating the Services and may experience delays in updating information on the Services. The information found on the Services may contain errors or inaccuracies and may not be complete or current. Products or services may be mispriced, described inaccurately, or unavailable on the Services, and we cannot guarantee the accuracy or completeness of any information found on the Services. We therefore reserve the right to change or update information and to correct errors, inaccuracies, or omissions at any time without prior notice.

13. Disclaimer of Warranties

YOU EXPRESSLY UNDERSTAND AND AGREE THAT:

1. YOUR USE OF THE SERVICE IS AT YOUR SOLE RISK. THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. GLOBAL CAR EXCHANGE EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

2. GLOBAL CAR EXCHANGE MAKES NO WARRANTY THAT (i) THE SERVICE WILL MEET YOUR REQUIREMENTS, (ii) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS OBTAINED FROM THE USE OF THE SERVICE WILL BE ACCURATE, RELIABLE, COMPLETE OR CURRENT (iv) THE QUALITY OF ANY PRODUCTS, SERVICES, CONTENT, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE SERVICE WILL MEET YOUR EXPECTATIONS, AND (v) ANY ERRORS IN THE SERVICE WILL BE CORRECTED.

3. ANY CONTENT OR MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS DONE AT YOUR OWN RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH CONTENT OR MATERIAL.

4. GLOBAL CAR EXCHANGE NOR IS NOT RESPONSIBLE FOR INCORRECT OR INACCURATE ENTRY OF INFORMATION, HUMAN ERROR, TECHNICAL MALFUNCTIONS, LOST/DELAYED DATA TRANSMISSION, OMISSION, INTERRUPTION, DELETION, DEFECT, FAILURES OF ANY TELEPHONE NETWORK, COMPUTER EQUIPMENT, SOFTWARE OF ANY COMBINATION THEREOF, OR INABILITY TO ACCESS THE GLOBAL CAR EXCHANGE WEB SITE.

14. Limitation of Liability

IF YOU RELY ON THIS SERVICE OR ANY MATERIAL AVAILABLE THROUGH THIS SERVICE, INCLUDING THE CONTENT, YOU DO SO AT YOUR OWN RISK. YOU UNDERSTAND THAT THERE MAY BE DELAYS, OMISSIONS, INTERRUPTIONS, INACCURACIES, AND/OR OTHER PROBLEMS WITH THE INFORMATION, PRODUCTS, CONTENT, AND SERVICES PROVIDED AT THIS SITE. YOU EXPRESSLY UNDERSTAND AND AGREE THAT GLOBAL CAR EXCHANGE SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, LOSS OF BUSINESS, OR OTHER INTANGIBLE LOSSES (EVEN IF GLOBAL CAR EXCHANGE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (i) THE USE OR THE INABILITY TO USE THE SERVICE; (ii) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION CONTENT OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE SERVICE; (iii) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; OR (iv) ANY OTHER MATTERS RELATING TO THE SERVICE.

15. Indemnification

Each Customer agrees at their own expense to defend, indemnify, and hold Global Car Exchange and its affiliates, and each of their directors, officers, employees and agents, harmless from and against any loss, damage, liability, demand, lawsuit, debt, charge, action, penalty, interest, claim, cost, tax or expense whatsoever, including without limitation any and all out-of-pocket costs and actual legal and accounting fees, duties and bonds, which Global Car Exchange may incur, suffer or be required to pay as a result of or relating to, arising out of, or in connection with (a) your use of the Services; (b) your violation of the Agreement; (c) your violation of any third party right, including, but not limited to, any intellectual property right, right of attribution, association, integrity, publicity, confidentiality, property or privacy right; (d) any claim in connection with a vehicle; or (d) any claim that Customer information, or your use the property of others, may have caused or did cause damage to a third party, including, but not limited to, claims that Customer information, or your use of the property of others, infringe the rights of others or caused damages to others.

Customer also agrees to indemnify Global Car Exchange for reasonable legal and accounting fees, costs, and expenses incurred in enforcing the rights of Global Car Exchange against Customer under these Agreement.

16. Links to Third-Party Sites or Services

The Service may include links to the websites, content or services of third parties. Global Car Exchange is not responsible for the content of any links, or any products, services or other materials relating to any linked site or service, or any link contained in a linked site or service. Global Car Exchange does not control these third-party offerings and is not responsible or liable for the content, products or services available through these offerings. The existence of links from the Service to such offerings should not be construed as an endorsement of any of the content, products or services appearing on such offering or as implying an association between Global Car Exchange and the operators thereof. By using these third-party websites, content or services you may be agreeing to their terms of use and privacy policies. YOU HEREBY RELEASE Global Car Exchange from any damages that you may incur, and agree not to assert any claims against them, arising from your use of these third-party websites, content or services or from your purchase or use of any third-party provided product or service.

17. Representations Regarding Taxes

Buyer certifies that it holds the appropriate documentation issued by the sales tax authority of the state, province, or locality of its business or where it purchases vehicles, as applicable, which exempts Buyer from the payment of sales tax, and warrants that it will provide a copy of such applicable documentation to Global Car Exchange upon registration, at any time upon request, and as necessary to maintain the validity of such documentation. In the event that vehicles or other products purchased are used for any purpose other than for resale, Buyer will pay directly to the proper taxing authorities such sale or use tax as may then accrue and be due and payable.

18. Applicable Law Venue

The laws of the State of Florida shall govern this Agreement. Any and all claims, suits, actions or proceedings arising out of, in connection with or relating in any way to this Agreement shall be exclusively brought in the Courts of the State of Florida (Tampa).

19. Dispute Resolution

Any controversy or claim between Customer and Global Car Exchange arising out of or relating to this Agreement or the validity, inducement, or breach hereof (each such controversy or claim is hereinafter referred to as a "Dispute"), shall be settled as follows: First, the parties involved in the Dispute shall attempt to resolve any Dispute prior to commencing the procedures set forth below.

If after seven days the parties are unable to resolve the Dispute, the parties shall submit to non-binding mediation which shall take place for a period of one day in Hillsborough County, Tampa before a mediator that is mutually acceptable to the parties. If the parties are unable to agree on the selection of a mediator, a mediator will be chosen by an arbitrator selected pursuant to the rules of the American Arbitration Association ("AAA") who will then select such mediator from a list of distinguished neutral mediators maintained by the AAA. The mediator shall confer with the parties to design procedures to conclude the mediation within no more than 30 days after initiation. Each party has the right to pursue any provisional relief from the appropriate court, such as attachment, preliminary injunction, specific performance (the parties acknowledging that monetary damages may not be sufficient remedy), replevin, etc. to avoid irreparable harm, maintain the status quo, or preserve the subject matter of the Dispute even though mediation has not been commenced or completed.

Customer may only resolve disputes with Global Car Exchange on an individual basis and may not bring a claim as a plaintiff or a class member in a class, consolidated, or representative action. Class arbitrations, class actions, private attorney general actions, and consolidation with other arbitrations are not allowed, and Customer expressly disclaims any right to bring or participate in any such action. If the parties are unable to resolve the Dispute within the 45 day period referred to above, or in the event that the agreement to arbitrate is found not to apply to Customer or Customer’s claim, Customer and Global Car Exchange agree that any judicial proceeding will be brought in the federal or state courts of Hillsborough County, Tampa. Both Customer and Global Car Exchange consent to venue and personal jurisdiction there.

20. Waiver, Severability & Assignment

Global Car Exchange’s failure to enforce a provision is not a waiver of its right to do so later. If a provision is found unenforceable, the remaining provisions of the Agreement will remain in full effect and an enforceable term will be substituted reflecting our intent as closely as possible. You may not assign any of your rights under this Agreement without Global Car Exchange’s prior written consent, and any such attempt will be void. Global Car Exchange may assign its rights to any of its affiliates or subsidiaries, or to any successor in interest of any business associated with the Services.

21. Contacts

If you have any questions relating to this Agreement, please email us.