FIREARM CONSIGNMENT AGREEMENT

Consignor agrees to place the items listed below on consignment with BLACK WARRIOR FIREARMS LLC to try to sell them under the terms of this agreement. BLACK WARRIOR FIREARMS LLC agrees to accept the items listed for consignment sale under the terms of this agreement. The Consignor represents that they are the rightful owner of the items listed, and that the items are free of any encumbrance. While this agreement is in effect, Consignor agrees to grant the exclusive right to BLACK WARRIOR FIREARMS LLC to market, advertise and sell the Item(s) listed below.BLACK WARRIOR FIREARMS LLC will Inspect all of the Items listed in this agreement, and will determine condition and functionally. BLACK WARRIOR FIREARMS LLC will write up the description and specifications necessary in order to offer the items for sale. BLACK WARRIOR FIREARMS LLC will offer the items for sale at its Northport location, at suitable trade shows, internet auctions, etc.The consignment fee shall be 10% of the selling price of the item, with a minimum fee of $35 per item, and a maximum fee of $1000 per Item. Fees for other services provided by BLACK WARRIOR FIREARMS LLC, (e.g. cleaning, repair) or for services provided by third-party vendors (e.g. auction listing fees, credit card fees, shipping fees) are additional and are not Included in the consignment fee. When the items consigned are sold and final payment is made by the buyer, the Consignor will receive the net amount within 30 days via business check, cash, or money order at the convenience of BLACK WARRIOR FIREARMS LLC.The Consignor agrees that, as BLACK WARRIOR FIREARMS LLC is required to complete all inspections and specifications, prepare the items for sale, and advertise the items, that the items consigned will be left on consignment with BLACK WARRIOR FIREARMS LLC for a minimum of sixty (60) days. This agreement will continue indefinitely beyond the original 60 day period unless either party notifies the other of their intent to terminate it. Because a sale may be pending, or an advertisement just placed; the Consignor agrees to give thirty (30) days notice if the Consignor wishes to have items covered by this agreement returned. If the Consignor decides to have consigned items returned, Federal Law requires that the Consignor fill all appropriate paperwork as well as a 4473 NICS background check as if they were purchasing the firearms.