HOW TO BID - TERMS AND CONDITIONS

So you want to make an offer for the whole portfolio or one of our generic domain name portfolios?

If so - the information below will show you how things work.

1) Choose the portfolio you want to bid on.

2) You can bid on the "whole domain portfolio" - this is used to describe all 236 names or you can bid on "A Category Portfolio" - the term used to describe the 17 different category portfolios listed in the side menu.

3) Click the "make offer" button next to the portfolio text.

4) Fill out the form - taking note to ensure that your offer is either for the "Buy Now Price" or above the minimum asking price.

5) We will then send you an email confirming receipt.

6) Prior to the issue of any Domain Name Transfer Agreement bidders must pass our verification process. During this we will ask you to verify via email response that you are a genuine bidder - if you do not provide email verification of this, your bid will not be considered. Our verification process also involves the bidder meeting certain criteria set by us. If we deem the bidder not to meet certain criteria, we reserve the right to not accept the bid or Buy Now offer.

7) For verified "Buy Now Price" bidders, we will start the transfer process by issuing to you a domain name transfer agreement at the end of the auction, subject to there being no bid for the "whole portfolio". On receipt of the electronic "Buy Now Form", and subsequent verification emails, the names and their respective category portfolio will be withdrawn from further bids in the individual category auctions.

8) If there are no Buy Now Price bidders for a portfolio then other bids above the minimum offer price will be considered. At the end of each running period - we will contact the top 6 lead bidders for the whole domain name portfolio or for each category portfolio and offer them the opportunity to counter the highest bid if they have not met it. This process will take place via a password encrypted section of the eaddresses.co.uk website and we will provide details of the latest highest bid to each password user. The counter offer process will run for 72 hours after the end of the running time.

9) At the end of the 72 hour counter bid process - the person with the highest bid will be offered the portfolio they have bid upon.

10) The highest bidder for each portfolio will be sent confirmation in writing and we will then commence the transfer process by issuing to you a domain name transfer agreement.

11) We are not bound to accept the highest or any bid.

12) If you are the only bidder on a "category portfolio" and there are no bidders for the "whole portfolio" and you have met or exceeded the minimum asking price for the "category portfolio" you will automatically be offered the sale and we will then commence the transfer process by issuing to you a domain name transfer agreement.

13) If there are one (or more) bidders for the "whole portfolio" they will be given priority over the "category portfolio bidders" and we will negotiate with them to obtain the best price for the "whole portfolio".

14) If a bidder has bid on more than one "category portfolio" they will be given preference over single "category portfolio bidders" as long as they are able to meet the highest prices bid jointly by single bidders across the same "category portfolios".

15) If there are no bidders for the "whole portfolio" but more than one bidder for a "category portfolio" - the lead bidders will be contacted and offered the opportunity to better opponent's offers. The "category portfolio" in question will then be sold to the bidder making the best offer -the only exception to this is if somebody has bid for multiple category portfolios - as in this instance they will be given priority over single category bidders.

16) If at the end of the counter bidding process the offers obtained for the same portfolio are equal - then the portfolio in question will be sold to the first bidder unless one of the bidders is willing to buy more than one portfolio - in which case they will be given priority.

17) This first bidder rule in (16) will apply to adjudicating any multiple "Buy Now Price" bids which may occur in respect of the same category portfolio almost simultaneously during the running time of the auction or in the counter offer running time.

18) Bidding on individual domain names is possible. If there are no bidders for a portfolio we can look at bids on individual names. However, unlike the portfolios (which will be sold to the highest bidder offering a price above the minimum asking price) individual domains will be sold at our discretion and we reserve the right not to sell individual names no matter what price has been offered.

19) Running Time - the running time for the October Auction is 07.00 GMT 13th October 2009 to 07.00 GMT 10th November 2009.

20) The Counter offer running time for the October Auction is currently 12.00 GMT 11th November 2009 to 12.00 GMT 13th November 2009.

21) We reserve the right to shorten or lengthen the running time and the counter offer running time.  We will notify current bidders of any such change by email.

22) Once the running time has finished portfolios that have not sold may be removed from publication and may or may not be published again at a different running time - this remains at our discretion.

23) No binding contract shall come into force between us unless and until you and we sign a domain name transfer agreement. This agreement will be issued as soon as the sale is agreed in principle and must be signed and returned without any amendments which have not previously been agreed with us within 7 days of receipt (unless we agree in writing to allowing a longer time period). If it is not returned within 7 days then the transaction will be deemed to be null and void and the other bidders will be re-contacted.

24) Prices are in GBP and are deemed exclusive of VAT which, where applicable, will be payable by the buyer at the prevailing UK rate [currently 15%]. We can invoice in other currencies at prevailing conversion rates advised by HSBC.

25) Payment will be made direct to us.

26) Payment must be made by bankers draft or bank transfer to our account details of which will be set out in the domain name transfer agreement. If you prefer to make payment to sedo.com acting as a domain name escrow agent, then the agreed price for the domain name (combined with any VAT due) will be grossed up by such amount so that after payment of sedo.com's fees we receive the agreed price and any VAT due in full.

27) Payment must be made within 7 days of the domain transfer contract being returned.

28) Failure to sign the domain transfer document within the agreed timescale or pay for a name that you have been successful on bidding in the agreed timescale will result in an administration fee being levied of 1% of the bid price, plus VAT at the prevailing UK rate.

29) Failure to pay the administration fee will result in further action.

30) We reserve the right to introduce automated auction bidding at any point, and will advise you of this facility within 48 hours of its availability if you have made a bid prior to the availability date.

31) This site is subject to the standard terms and conditions of Stem Distribution Ltd.