This is a sale by expressions of interest on a "Parcel of cut and uncut Sapphire stones and gems Expression of Interest (EOI) Sale".

See asset list page for full information of Assets inlcuded in this sale.

EOI Extension due to vendor's request

All Offers must be submitted before 9pm - Sunday 21st August 2022, (noting equipment may be sold prior to this date). Please submit a completed tender document via email: craigw@grays.com.au

For further information and to book inspection please contact Craig Wilson (Business Development Manager) - Email: craigw@grays.com.au

Parcel of cut and uncut Sapphire stones and gems Expression of Interest EOI Sale

Parcel of cut and uncut Sapphire stones and gems. Total Industry Valuation Wholesale Value $328,000

Parcel includes:

• 59 x Faceted Sapphire Gem Stones
• 257 x Bags of Rough Cut single or mixed Sapphire stones
• Sapphire Colour: Mixed Blue and Green
• Gem clarity: Unknown.

Note: Breakdown of evaluation is attached in PDF

Inspection is available by appointment only. To book inspection please contact Craig Wilson (Business Development Manager) - Email: craigw@grays.com.au

This SALE is pick up only from "Moorebank NSW 2170" Australia

Inspection is highly recommended prior to bidding, description photos should be used as a guide only

PLEASE NOTE: THIS IS AN EXPRESSION OF INTEREST (EOI) SALE. ALL ASSETS IN THIS SALE ARE SOLD “AS IS” WITHOUT WARRANTY AND COOLING OFF PERIOD

Invoice totals exceeding $10,000 must be paid by direct deposit

Buyers Premium

A Buyers Premium of 22.00% inc. GST applies to this sale.

By registering and making an offer you have agreed to our terms and conditions of sale. If necessary please familiarise yourself with them prior to making an offer on this sale.

BUYER'S PLEASE NOTE:

• Grays will not be organising transport of goods. Collection of assets is the responsibility of the purchaser, please consider this prior to making an offer.
• Inspection of the assets is highly recommended. Offers on this sale should be made based on your inspection and assessment of the goods.
• Descriptions and photographs should be used as a guide only.
• Staff are onsite for security purposes only. Please make sure you have suitable transport and equipment/people to help you load your items.
• Items must be inspected before removal from site as refunds or exchange are not given under any circumstances.
• Collections are not allowed outside of the dates/times booked.

This Sale is GST Exclusive

This Sale has a Buyers Premium of 22.00% inc. GST

For example:

Successful Offer Price is $100,000.00 ex. GST + 22.00% Buyers Premium inc. GST = ($100,000.00 + 10% GST) + $22,000.00 inc. GST = $132,000.00

Product Condition - Please refer to the Asset description for product Information. Most Assets will have pictures assigned to them. These should be taken as a guide only.

Payment - Invoice totals exceeding $10,000 must be paid by direct deposit within 2 days of the EOI closing.

Contact accountsreceivable@grays.com.au for an exact invoice total. Please note that personal or company cheques will not be accepted. For invoices totalling less than $10,000, your credit card will be debited within 2 days of auction closing. To assist in the processing of payments please have funds available. Invoice totals exceeding $10,000 will not be split.

Grays are authorised to deduct up to $10,000 from the purchasers credit card as a holding deposit on any items sold for over $10,000 via our website.

Any payment enquiries, please email accountsreceivable@grays.com.au

We accept the following methods of Payment:

Credit Card

• 1% surcharge applies to Mastercard & VISA transactions
• 2% surcharge applies to American Express & Diners Club transactions
• No other cards are accepted
• Invoices totalling less than $10,000 will be automatically debited from the card nominated within your account
• Invoices totalling in excess of $10,000 can be paid in-person at any Grays office

• 1% surcharge applies to PayPal transactions
• Only accepted for invoices totalling less than $10,000 where elected as your preferred payment method within your account

• For invoices totalling in excess of $10,000. Payment must be made in full within two business days of the auction closing.
• Please ensure to state your invoice number as the payment reference and email proof of the remittance to accountsreceivable@grays.com.au
• As EFT transfers can take up to 2 business days to clear, please contact Grays prior to collecting your purchase to confirm receipt of clear funds

Cash, Bank Cheques and Personal Cheques are not accepted payment methods.

Please see below for further information:

https://support.grays.com/hc/en-au/sections/4408298648089-Payments

For invoice payment enquiries only, please email:

accountsreceivable@grays.com.au

The Condition of each product is stated on its Lot Page, and we strongly urge you to familiarise yourself with the Condition before bidding. This is because Grays sells a wide range of products in a variety of Conditions on behalf of our Vendors.

It's important that you read the Lot Description for possible additional information on the Condition of the product including any applicable warranty details. You should take the Condition and the Lot Description into account when you place your bid as we do not offer refunds if you change your mind about your purchase.

Information regarding Product Conditions can be found by clicking here Shopping With Grays

• Inspection of the assets is highly recommended.
• Offers on assets in this sale should be made based on your inspection and assessment of the goods.
• Descriptions and photographs should be used as a guide only.

Inspection is available by appointment only. To book inspection please contact Craig Wilson (Business Development Manager) - Email: craigw@grays.com.au

• What is Autobid?
• What is 'Going, Going, Gone'?
• What is Buyer's Premium?
• What if I change my mind?
• How do I cancel my bid?
• Can I inspect items before bidding on them?

For answers to these questions and more, please visit SUPPORT

Collection is available by appointment only. To book collection please contact Amit Jani (Business Development Manager) - Email: craigw@grays.com.au

If you wish to send a third party to collect your goods on your behalf, they will need:

• A copy of your Winner's Email
• A scanned copy of your photo ID
• A letter signed by you authorising them to collect the goods on your behalf (Please refer below Letter of Authorisation template)
• They will also be required to produce identification and sign for the goods on behalf of buyers acting as the authorised agent.

Grays do not carry manual consignment notes nor complete them for third party carriers. Grays staff will not release the goods to anyone other than you unless they carry the appropriate authority. By appointing third party pick up you have given them the authority to sign off on the condition of the goods being picked up.

Please note: Grays are not responsible for the goods once they have been signed for. Any problems relating to the transportation of the goods will need to be taken up with the third party acting on your behalf.

Please Note: Enclosed footwear must be worn at all times when inspecting or collecting goods.

• Collection of the assets is the responsibility of the purchaser.
• Grays - WILL NOT package your item or organise a courier / transport for the purchaser.

Site Access:

• Persons under the age of 16 years will not be permitted on site unless accompanied and supervised on site.It is a condition of entry that all persons entering the site comply with any directions given by Grays staff, their representatives or the site controller.
• It is a condition of entry that all persons conduct themselves in a manner which does not endanger the health and safety of other persons on site, and which does not create a risk to health and safety.

• Grays will specify, according to the hazards and risks assessed as present on the site, any mandatory PPE required to be worn prior gaining approval to entry to the site. This equipment may include Safety Footwear, Safety Eyewear, Hearing Protection, and Head Protection, or any other item of PPE deemed necessary.

For an obligation free appraisal and quote or to learn more about selling at Grays, please visit SELL AT GRAYS Consign Now / Why Grays?

• 2M+ Registered Users
• 1M+ Unique Visitors Per Month
• National Marketplace
• 24 Hour Bidding

• Grays will require social distancing standards to be followed by employees and members of the public.
• Grays staff are not permitted to handle customers devices or stationery.
• Grays staff may ask you to wait outside a premises to ensure people numbers do not exceed social distancing requirements.
• Please maintain a distance of 2 metres between yourself and other people when on site.
• Grays will not be supplying customers with Hi-Viz vests.
• Grays staff may ask you to leave site should you display any flu like symptoms.

Grays advises all buyers that all plant offered for sale at auction may not be fit for use in a workplace. Grays will provide:

• Safety information relating to the condition of the item of plant for sale (Plant Hazard Reports)
• Clear identification and marking to identify that the plant item is only suitable for scrap or spare parts
• Site Access, PPE and Removal of Plant requirements are listed under the Inspection and Collection Headings.

Please note:

• Enclosed footwear must be worn at all times when inspecting or collecting goods.
• Persons under the age of 16 years will not be permitted onsite.
• Tradespeople eg; electricians, plumbers etc will be required to produce the relevant licence before commencing work on site.
• Riggers, Forklift and Crane Drivers etc will be required to produce the relevant license before commencing work on site.
• It is a condition of entry to site that all visitors comply with any directions given by Grays staff or their representatives.
• Work carried out on this site must be completed in a manner compliant with all Occupational Health & Safety legislation.
• All power tools and equipment used on site must be tested (tagged) safe for use in accordance with AS3760 service testing and inspection of electrical equipment.
• Grays or their representatives will specify, based on the hazards present on the site, the mandatory personal protective equipment required to be worn prior to approval being given for entry to the site. (eg; safety footwear, safety eyewear, hard hats etc).
• The use of certified equipment, harnesses, work platforms etc will be required for any work carried out above 1.8 metres.

Note: Dismantling/Decommissioning of some assets in this sale may require a satisfactory Safe Work Method Statement prior to any work taking place onsite.

Please see example Safe Work Method Statement below:

The DIY signage attached is in relation to non-prescribed electrical equipment purchased, of which electrical work is required under the Electrical Safety Act 2002 to be performed by a licensed electrical contractor or licensed electrical worker.

Examples-

• Fixed-wired electrical equipment, such as air conditioners, stoves, ovens, electric hot water systems, ceiling fans, light fittings
• Electrical accessories, such as socket outlets, light switches, electrical cable, wall switches, plugs and cord extension sockets
• Electrical parts, such as electrical motors, switches, solenoids, elements

If you have not purchased electrical tools and equipment in this auction disregard this notice.

Electrical Power Tools and Equipment (Inc. electrical leads)

The electrical articles in this auction have not been proved to be electrically safe. The electrical articles have not been tested by a qualified electrical worker and have not been proved to be

Electrically safe. General advice on how to use second-hand electrical power tools and equipment (including electrical leads) safely. General safe use advice for electrical power tools and equipment etc. intended for use with rated voltage of not more than 250V for single phase appliances and 480V for other appliances. This advice is not intended to replace specific manufacturer's information but can be used as a general guide. This advice does not cater for young children or people who are physically weak.