Sibidz participation agreement — 2026-10-09.4 1. Parties and authority. The seller and winning buyer are the legal persons identified in their private acceptance records. Each individual bidder, seller and representative must be at least 18 years old, have legal capacity and be authorized to bind that principal, including any authority granted to an automated agent. An agent must obtain the person’s express confirmation of being 18 or older before recording acceptance; the platform does not independently verify age. Each expressly consents to electronic records, electronic signatures and automated contracting. Registration or reading this agreement is not acceptance. Submitting an authenticated acceptance is an intended electronic signature. Sibidz is the service brand. The actual operating legal entity is identified in each live lot’s frozen operator field; the intended structure is a Wyoming limited liability company, whose formation and identity must be confirmed before live operation. No particular entity or tokenized company is created by these terms. The operator runs the auction service and is not the seller, purchaser, escrow provider or guarantor of performance. 2. Seller agreement. Publishing a lot authorizes the platform to conduct the stated auction. The seller warrants authority to sell, lawful goods or services and accurate descriptions, condition, photographs and payment instructions. At a completed sale the seller agrees to provide the whole lot as described, subject to the buyer's payment obligation and applicable law. Sellers must disclose material defects, their trader or private-seller status, applicable taxes, fulfilment limits and any mandatory cancellation or return information before publication. They must hold necessary permissions and comply with product-safety, consumer, export and sanctions rules applicable to their goods, services and markets. Illegal, stolen, counterfeit or infringing lots are prohibited. Seller bids, bids arranged on the seller's behalf, collusion and misleading bids are prohibited. Approval to sell is not a certification of the seller or the lot. 3. Bidder agreement. Each bid expressly accepts the frozen lot and settlement terms identified by its terms hash. It covers the whole lot, in exactly the stated currency or digital asset and network. There is no automatic conversion or assumed equivalence between fiat and stablecoins. If that bid wins a completed sale, the buyer agrees to pay the winning amount to the designated account within the published payment period. Payment fees borne by the buyer must not reduce the amount due to the seller. Private keys and credentials must never be given to the platform for settlement. 4. Auction process. All auctions are with reserve, including those with a numerical reserve of zero. Bidding ends at the current published deadline under the lot’s frozen closing rule. For a rolling rule, each new valid bid accepted within its stated final window resets the deadline to the stated interval after acceptance, repeating while such bids continue. An invalid bid, identical retry, retraction or withdrawal never extends it. The initial deadline and rule remain unchanged; applied extensions are recorded in the bid history. Older fixed-deadline lots retain their original rule. The recorded closing announcement completes a sale with the standing leading bid if one exists and meets reserve; otherwise the lot closes unsold. Until that announcement, a bidder may retract their bid and the seller may withdraw the lot. Retraction does not revive earlier bids. A retracted leading bid leaves no standing bid; a fresh bid meeting reserve is required to establish a new standing bid. Retractions and withdrawals remain in the history. Once announced, neither party has an unconditional right to abandon the sale. Statutory cancellation, rejection, mistake and other legal rights are preserved. 5. Payment and fulfilment. The price excludes separately stated fulfilment charges and taxes lawfully due. Goods are made available for collection by the buyer or their nominated carrier at the listed location unless the lot promises another fixed arrangement. Published local and worldwide shipping amounts are estimates, not final quotes or promises of delivery outside the stated coverage. Shipping, insurance and an additional quoted shipping price are agreed separately with the seller; a quote is not free delivery or a condition suspending the whole sale. Service scope and timing are the published service terms. Parties must cooperate promptly and in good faith; mandatory inspection and consumer rights remain. The platform communicates private payment instructions to the seller and winner. Payment and fulfilment are arranged directly between the parties. The platform does not track payment or delivery, hold auction funds, initiate transfers, exchange assets for participants or verify receipt. 6. Records and fees. The published lot, currency, payment method, payment period, account commitment, agreement version, bids, retractions, closing result and historical handles are retained. Public pages disclose the lot and auction history; legal names, contacts and receiving accounts are private to the relevant parties and authorized operator. The seller and winner may retain the electronic contract copy returned through watch. Service credits and disclosed per-call charges are separate from the auction price. A final-result email is sent to each participating account’s current verified email, including the seller and accepted bidders; delivery and retries are included in auction service fees. Email is best effort, contains no private receiving details, and does not replace the recorded result or extend the payment period. Copies of this agreement remain available. Stopping future electronic participation does not cancel existing contracts. 7. Default and disputes. Parties retain remedies available under applicable law for nonpayment, misdescription and nonperformance. The platform may suspend access, preserving records; it does not adjudicate legal liability or impose automatic forfeitures. A payment deadline passing does not itself establish a default or cancel a sale. Subject to mandatory law and an effective choice of law, the parties choose Wyoming law and exclude the UN Convention on Contracts for the International Sale of Goods. Applicable consumer protections cannot be waived by this agreement. No exclusive court venue or compulsory arbitration is imposed. 8. PayPal Goods & Services. Where paypal_gs is enabled in the frozen lot terms, the seller agrees to accept that option at the buyer's request in the exact auction currency and to pay PayPal fees without a surcharge to the buyer. It is an alternative to the other published payment method, not an additional payment. The seller must supply an accurate PayPal business email and remains responsible for that receiving account. The option and receiving email freeze when the lot is published; later account changes do not amend it. The seller sends a Goods & Services invoice quoting the auction ID and any seller-supplied certificate number; the buyer must never use Friends & Family for that purchase. Delivery charges remain separate and any required quote must be agreed, not assumed to be zero. For goods being shipped, the seller dispatches tracked and signed-for within three working days after payment and agreement of delivery charges, adds tracking in PayPal and follows applicable PayPal shipping requirements. Collection and service fulfilment follow the published lot terms. PayPal account availability, transaction eligibility and buyer/seller protection depend on applicable PayPal terms; no protection is promised, and exclusions can include resale and collection. Parties first seek resolution together and may use PayPal's applicable dispute process, without limiting mandatory legal rights. Sibidz does not provide escrow, process auction payments, verify PayPal ownership or adjudicate PayPal claims. Result emails state the option and refer the seller and winner to authenticated watch for private instructions; they contain no PayPal email or private contacts. 9. Development auctions. A lot explicitly marked development is a simulation: its bids, payment promises and result do not create an obligation to buy, sell or send real money. Live-mode lots use the preceding terms. The mode is frozen in each lot and must be read before bidding. 10. Personal data. The privacy notice linked on the service explains public auction records, private account and contracting information, purposes, retention, recipients and individual rights. Agreeing to auction terms is not blanket consent to unrelated personal-data use or a waiver of data-protection rights. Mandatory UK and EU rights apply where their laws cover the processing.
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