United States Bankruptcy Court Southern District of Florida Fort Lauderdale Division In Re: Makena Trading Corporation Case Number: 24-22805-PDR Terms & Conditions of Sale 1. SCOPE: An online auction is being conducted on behalf of the Chapter 7 Trustee of (2) 53 Foot Wabash Trailers. 2. AUCTION DATE: • The auction will be conducted as a Timed Online Auction. Bidders should register for the auction at www.natlauction.com. The Timed-Bid Auction will be conducted on Proxibid.com. • Registration for the auction will be through Proxibid.com, and bidders will be required to comply with the terms established by Proxibid.com. • The auction is scheduled to open on September 10, 2025, at 3:00 P.M. and will end on September 17, 2025. Lots will start closing at 3:00 P.M., and times stated in auction materials will be based on Eastern Standard Time (EST). • The auction website will make use of staggered closing times, but all bids will end on September 17, 2025. • All top bid prices will be reported to the Bankruptcy Trustee. Bids that are received after the published closing times will not be accepted except those falling under the conditions of Bid Extensions. • Bid Extensions a. In the event a bid or bids are made during the last two minutes of an auction, the ending time for the auction of that asset will be extended for an additional two minutes. b. Extensions will continue until no further bids are received, and this process is under the control of Proxibid. • The equipment included in this Timed-Bid Auction is being offered Subject to the Confirmation of the Seller, Marc Barmat, Trustee for Makena Trading Corporation. a. In the event top bid prices are not confirmed by the Trustee, the items may be withdrawn or included in an auction to be conducted at a future time or disposed of as determined by the Bankruptcy Trustee. b. It is expected that all Top Bidders will be notified their bid has either been accepted or rejected no later than 24 hours from the time the auction closes. • The Auctioneer and Bankruptcy Trustee reserve the right to establish minimum opening bid prices. 3. AUCTION SITE: The Auction will be conducted by National Auction Company on the auction platform of Proxibid.com. 4. AUCTION PREVIEW: The Equipment scheduled for inclusion in this auction is available for Preview by appointment with the Auctioneer. Specific questions or other information needed should be addressed to George Richards at (954) 658-5033 or (954) 232-0359. 5. BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to all top bid prices and included in the final purchase price. 6. NOTIFICATION TO TOP BIDDERS AND PAYMENTS: • All Top Bidders will be notified that their bid has been confirmed by National Auction Company through the same email address supplied at the time of Bidder Registration. • Payments can be made by Cash, Money Order, or Cashier’s Check. All checks should be made payable to National Auction Company, Auctioneer Escrow Account. Personal and Corporate Checks will be accepted only when accompanied by a current bank letter that guarantees payment for purchases made at this auction. • Credit cards, debit cards, ZELLE, or other similar payment platforms are not acceptable forms of payment. • Payments can also be made by Bank-to-Bank Wire Transfer. Please contact the Auctioneer for bank information. Purchasers making payment by wire transfer must include their name and bidder number to allow identification of incoming wires. • Purchasers paying with CASH in the amount of $10,000.00 or more will be required to provide information needed to comply with IRS Form 8300. • Payments will be due on September 18, 2025. • Payments must be made at the office of the Auctioneer, which is located at 1900 SW 100 Avenue, Miramar, Florida 33025. • All payments must be made in the name of the person or company who registered for the auction and was notified they were the top bidder. Purchaser invoices cannot be modified or changed to another name. 7. MOTOR VEHICLE TITLE TRANSFERS: • Purchasers are responsible for transferring Certificates of Title into their name or company name as listed on the Invoice provided by National Auction Company. • Titles are available for both trailers included in this auction and will be provided to purchasers upon receipt of payment in full. • Licensed Motor Vehicle dealers must provide a copy of their license and Sales Tax Resale Number at the time of bidder registration. • Open titles will not be given to purchasers. 8. SALES TAX • Florida Sales Tax will be due and payable at the time of title transfer • National Auction Company does not collect sales tax on titled motor vehicles, which must be paid at the time of title transfer. • Dealers who purchase for resale must provide a copy of their 2024-2025 resale certificate to lori@natlauction.com. In the event this certificate is not provided, sales tax will be charged. 9. DEFAULT: • Purchasers who fail to complete the sale under the conditions set forth in these Terms & Conditions of Sale, any deposits and/or payments made to them will be forfeited, and the equipment will remain the property of the Bankruptcy Trustee. This provision includes failing to make payment in the time set forth in the Terms & Conditions of Sale. • If a Top Bidder fails to make payment in full after being notified their bid has been accepted, at the discretion of National Auction Company, the bidder’s name may be subject to removal from the mailing list and may not be permitted to participate in future auctions. This information could be reported to Proxibid and limit the ability to participate in future auctions. 10. REMOVAL: • Purchased items can be removed starting on September 18, 2025, and must be removed from the auction site on or before September 19, 2025, by 3:00 P.M. • Both trailers are being stored at Mac’s Towing, 418 SW 2nd Street, Dania, Florida 33004. Once payment has been made, the trailers can be picked up at Mac’s Towing by appointment. 11. BIDDER REGISTRATION: All bidders will be required to register with the National Auction Company on the Proxibid.com website. Each Bidder will be assigned a Bidder’s Number. The Bidder’s Number will be recorded for each sale. The auction will be conducted at Proxibid.com, and bidders must comply with their registration requirements.