Dealer Registration forms: page 2 of 3 (3 required forms): 1    2    3

Print all 3 forms, fill them out, and mail or fax to:
MENDENHALL AUTO AUCTION, INC. (hereinafter referred to as Auction)
PO Box 7505 High Point, NC 27264      FAX: 1-336-889-4482

AUTHORIZED REPRESENTATIVES
The following person(s) are duly authorized to buy and sell automobiles, to execute checks or drafts, to execute bills of sales, odometer mileage statements, assignments of titles and warranties of titles on behalf of Dealer. The authority of the following persons to act on behalf of the Dealer shall continue in full force and effect until terminated by Dealer in writing to the Auction. Dealer does hereby guarantee all transactions made by such persons, and does indemnity and hold harmless the Auction from all loss or expense caused in as a result of any such transaction including losses from dishonored checks or drafts, defective titles, and false or inaccurate odometer mileage statements as well as any expense incurred in attempting to collect such losses, including attorney fees.

____________________________________
REPRESENTATIVE

____________________________________
SAMPLE SIGNATURE

Authorized to sell cars yes no
Authorized to sign checks yes no
Authorized to sign drafts yes no
Authorized to buy cars yes no

_____________________________________              ____________
OFFICER OR OWNER'S SIGNATURE                        DATE

FORM LINE.jpg (769 bytes)

____________________________________
REPRESENTATIVE

____________________________________
SAMPLE SIGNATURE

Authorized to sell cars yes no
Authorized to sign checks yes no
Authorized to sign drafts yes no
Authorized to buy cars yes no

_____________________________________              ____________
OFFICER OR OWNER'S SIGNATURE                        DATE

FORM LINE.jpg (769 bytes)

____________________________________
REPRESENTATIVE

____________________________________
SAMPLE SIGNATURE

Authorized to sell cars yes no
Authorized to sign checks yes no
Authorized to sign drafts yes no
Authorized to buy cars yes no

_____________________________________              ____________
OFFICER OR OWNER'S SIGNATURE                        DATE

GUARANTY
In consideration of Auction allowing Dealer to buy and sell motor vehicles through Auction, the undersigned, whether one or more personally convenant, guarantee and warrant that the title to each vehicle sold by Dealer through Auction will be good and will be free and clear of all liens and encumbrances, whatsoever. The undersigned unconditionally agrees to reimburse Auction for any loss, damage, expense, or costs, including attorney's fees, incurred by Auction as result of breach of the forgoing warranty of title as to any such motor vehicle.

The undersigned further guarantees full payment of any debts of Dealer to Auction, including any checks or drafts issued by Dealer or any of Dealer's representatives, together with any loss or expense incurred by Auction in collecting or attempting to collect such debt, including attorney's fees.

The undersigned further guarantees the odometer mileage statements given by or in behalf of the Dealer in all sales of motor vehicles by it through the Auction, and agrees to reimburse, indemnify and hold harmless the Auction from all losses and expense caused it by any such odometer mileage statement which proves to be false or inaccurate, including payments made by the Auction under any odometer statement guaranty issued by it in connection with any such sale, as well as any expense or cost incurred by Auction in collection or attempting to collect such losses, including attorney's fees.

The undersigned acknowledges that Auction shall have the right to refuse to transact business with Dealer, to modify or release any and all collateral security, to extend or change time of payment and to settle or compromise with Dealer without notice to the undersigned and without discharged or affecting the liability of the undersigned hereunder. This guaranty is to be a continuing guaranty and the undersigned hereby waives notice of acceptance of this guaranty and presentment, demand protest and any notice of non-payment or dishonor. The undersigned shall be liable as principal debtor and mot merely as surety, and the bankruptcy or any assignment in favor Creditors of Dealers shall not affect the enforceability of this agreement.

This instrument shall bind the respective heirs, executors, administrators, and assigns of the undersigned, and shall ensure to the benefit of Auction, its successors, assigns, and subrogees.

Where there is more than one signatory to this agreement each signatory shall be jointly and severally liable under this agreement.

IN WITNESS WHEREOF the undersigned have hereunto set their hands and seals this________________________________________________

day of_______________,20_______.

_________________________________WITNESS       _________________________________________

_________________________________WITNESS      _________________________________________

_________________________________WITNESS     __________________________________________

Dealer Registration forms: page 2 of 3 (3 required forms): 1      2       3

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