24 HOUR AUCTION INC
10SB12G/A, EX-10.2, 2000-06-07
BUSINESS SERVICES, NEC
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TERMS AND CONDITIONS

BY USING THE INTERNET LIQUIDATION AUCTION SERVICE, YOU AGREE TO FOLLOW THESE
GUIDELINES. IN ADDITION, YOU AGREE TO THE FOLLOWING TERMS AND CONDITIONS:
Bidmonkey.com is merely an a venue for on line liquidation auctions and does not
act as a guarantor regarding the price or completion of such transactions on its
site. Adult themed or Pornographic listings are STRICTLY PROHIBITED.

o        The use of private user information, other than as expressly permitted
         by these Terms and Conditions is strictly prohibited.

o        Bidmonkey.com is not responsible for damage or loss caused by errors in
         the system or the Internet. The system may be unavailable unexpectedly
         as a result of errors or circumstances beyond our control. Use
         Bidmonkey.com at your own risk.

o        Bidmonkey.com disclaims any implied warranty of merchantability or
         fitness for a particular purpose.

o        In no event shall Bidmonkey.com's total liability to you for all
         damages, losses, and causes of action (whether in contract, tort
         including, but not limited to, negligence), or otherwise exceed the
         amount paid by you to Bidmonkey.com, if any, that is related to the
         cause of action.

o        By bidding on an item at auction you demonstrate your intention and
         ability to purchase that item. Not buying the item after the auction
         closes may be legally actionable by the seller and/or cause suspension
         or termination of your account.

o        Bidmonkey.com cannot guarantee that we will notice or prevent users
         from registering with false demographic information.

o        Users agree to refrain from sending unsolicited commercial e-mail to
         other users.

o        Bidmonkey.com users may use available information about each other only
         to the extent necessary to facilitate Bidmonkey.com related
         transactions.

o        Bidmonkey.com will not remove or edit listings once they are entered
         into the service, except to comply or to end auctions with other terms
         in this agreement. Bidmonkey.com does, however, reserve the right to
         move listings from one category to another or to end auctions as
         appropriate, in its sole discretion.

o        Bidmonkey.com cannot guarantee that sellers will complete the sale of
         an item, or that buyers will go through with the purchase of an item;
         all risk is taken by the individual buyers and sellers. This includes
         but is not limited to risks associated with dealing with foreign
         nationals, underage persons, or persons acting under false pretense.

o        All parties agree not to circumvent, nor attempt to circumvent,
         Bidmonkey.com (i.e. complete a sale without paying commissions) in any
         listed auction transaction, for a period of 180 days (six months) from
         the date of the close of an auction. This shall apply to any and all
         transactions entered into by the parties and their principles,
         including sales of like or similar items to bidders who were not the
         high bidder, in a negotiated sale outside of the auction system. This
         includes each and every future transaction(s) for which contract and/or
         negotiations were made or initiated during the auction period. This
         agreement binds all parties, their employees, associates, agents,
         attorneys, accountants, assignees, heirs, transferees, and designees.
         In the event such sale(s) take place the seller will be liable for any
         and all commission due, plus the cost or expense of collection by
         Bidmonkey.com for the recovery thereof.

o        Bidmonkey.com cannot guarantee preservation of records, and may expire
         information without notice, at its sole discretion.

o        Sellers assume all risk and liability arising from their offer for sale
         of any item. Users agree to indemnify and hold Bidmonkey.com harmless
         with regard to loss or damage experienced through use of this service.

o        Bidmonkey.com disclaims any warranties expressed or implied on goods or
         services listed on its web site.

o        You expressly agree that exclusive jurisdiction for any claim or
         dispute resides in the courts of the State of Delaware. You further
         agree and expressly consent to the exercise of personal jurisdiction in
         the State of Delaware in connection with any dispute or claim involving
         Bidmonkey.com.

o        Bidmonkey.com is run as a service for the Internet business community
         and cannot take responsibility for the condition or quality of the
         items presented within its pages.



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o        Bidmonkey.com cannot guarantee that we will notice or prevent any
         inappropriate use of the system.

o        Bidmonkey.com reserves the right to refuse service to anyone at any
         time.

o        Payment terms are to be agreed upon between seller and buyer.
         Bidmonkey.com is not involved in the transaction.

o        THE LAWS OF THE STATE OF DELAWARE, EXCLUDING ITS CONFLICTS-OF-LAW
         RULES, GOVERN THE AUCTION RULES AND THESE TERMS AND CONDITIONS. YOUR
         CONDUCT MAY BE SUBJECT TO OTHER LOCAL, STATE, AND NATIONAL LAWS.

o        Bidmonkey.com and all Bidmonkey.com images are trademarks of
         Bidmonkey.com unless otherwise stated and may not be used without the
         prior written consent of Bidmonkey.com.

o        Shill bidding (or bidding in your own auction) on Bidmonkey.com is
         strictly prohibited.

o        Users must be of legal age with the ability to enter into binding
         contracts.

o        The Auction Rules and the Terms and Conditions of this Disclaimer
         supersede any prior agreements between you and Bidmonkey.com. The
         Auction Rules and the Terms and Conditions of this Disclaimer may be
         amended from time to time, by Bidmonkey.com in its sole discretion.

o        The auction of illegal items, including all counterfeit goods, are
         expressly prohibited. Bidmonkey.com will terminate the auction of any
         such items upon notification by the legitimate trademark or copyright
         holder and the Seller of such items may be subject to suspension.

o        Under no circumstances, including, but not limited to negligence, shall
         Bidmonkey.com be liable for any special or consequential damages that
         result from the use of, or the inability to use, the materials in this
         site, even if Bidmonkey.com or a Bidmonkey.com authorized
         representative has been advised of the possibility of such damages.
         Applicable law may not allow the limitation or exclusion of liability
         or incidental or consequential damages, so the above limitation or
         exclusion may not apply to you.

o        Bidmonkey.com does not assume responsibility for the content or the
         context of the listings.

o        By listing an item on Bidmonkey.com for auction, Seller agrees to pay
         Bidmonkey.com a non refundable commission fee of 1% (One Percent) based
         on the final selling price. Seller agrees that it does not purchase
         exclusive rights to a web page on the Bidmonkey.com Internet
         liquidation auction site but instead pays for a listing on a
         Bidmonkey.com owned web page. Seller acknowledges that Bidmonkey.com
         may, in its sole discretion, and without a requirement for consent by
         or remuneration to any Seller, place third party advertisements on any
         web page within the Bidmonkey.com site. Copyright 1999 Bidmonkey.com,
         no part of this document may be copied or utilized in any way without
         the express written approval of Bidmonkey.com and/ or 24 Hr Auction
         Inc.




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