Bidders and potential buyers must be duly registered on the Leilosoc® portal before placing any bids.

When creating an account on the LEILOSOC.COM platform, all identification details required for invoicing and/or execution of the Purchase and Sale Agreement must be provided, such as name, address/head office, ID card/citizen card or company certificate, and taxpayer identification number (NIF or NIPC).

Attachment of documents: it is mandatory to attach a copy of the citizen card, passport, residence permit, or similar identification document in the case of an individual bidder, and a company registration certificate in the case of a corporate bidder.

After completing the registration process, email confirmation will be requested. Confirmation is essential to validate the provided email address and to enable bidding.

The bidder assumes full responsibility for the accuracy of the information provided, as well as for all resulting obligations and liabilities, including the obligation to make payments.

The assets (whether real estate or movable property, registered or not) are sold in the condition, and with the physical and legal status, in which they are found. LEILOSOC® therefore declines any responsibility regarding their state of conservation or operation. Unless otherwise stated, the assets are transferred free of liens or encumbrances, persons, and goods.

It is the responsibility of interested parties to inspect the assets, and it is presumed that by placing a bid, the bidder possesses all relevant information and is aware of the asset’s actual condition. Payment cannot be made conditional upon obtaining additional information or conducting inspections, since all matters related to the assets offered for sale are presumed to have been addressed beforehand. In other words, by placing a bid, the bidder declares that they are fully aware of and accept the condition of the asset being auctioned.

Decree-Law 84/2021 – “Consumer Protection,” which regulates consumer rights in the purchase and sale of goods, digital content, and services, pursuant to Article 4, paragraph 1, subparagraph (a), does not apply to sales carried out in the context of asset liquidation in insolvency or enforcement proceedings. All bids submitted are binding, and the bidder is not entitled to request the annulment of their bid.

All electronic auctions (as a general rule) include a period during which the assets may be inspected — either at a predefined time or by appointment. When the inspection period is predefined, the schedule and physical address where the assets can be viewed are published in the auction area and/or on the specific asset’s page. When inspections are by appointment, the bidder must contact LEILOSOC® to arrange the visit. The buyer is responsible for inspecting the asset, and failure to do so cannot be attributed to LEILOSOC®.

In cases where visits are not possible, bids remain equally binding and cannot be made conditional upon the absence of an inspection.

The sale of real estate within insolvency proceedings is, under the law, exempt from the presentation of a Use License, Energy Certificate, and Technical File, and in the case of rural properties, from submission to the BUPI system.

The auction will take place during the period advertised in the auction area, consisting of a specific start date and time and an end date and time.

During the final five minutes of each auction, any new bid will reset the countdown timer to five minutes. For example, if an auction is scheduled to end at 5:00 p.m. and a bid is placed at 4:58 p.m., the auction will automatically be extended for an additional five minutes, ending at 5:03 p.m., and so on. The auction concludes when no further bids are submitted within the remaining time.

All assets in the auction are displayed with a countdown timer indicating the remaining hours, minutes, and seconds.

By placing a bid, the bidder assumes full responsibility for that act, namely the obligation to purchase the asset for the amount offered, in accordance with the law and with these conditions of sale.

When the winning bid is lower than the minimum value or, in the absence of a minimum value, lower than the base value, it is considered a “recorded offer.” Such an offer is deemed binding.

The lots listed in the electronic auction are presented with the following values:

Base value: the amount attributed to the asset or to the set of assets that make up a specific lot.

Minimum value: the amount from which, in most cases, the asset is considered sold.

Opening value: the amount from which bids will be accepted for the purpose of selling the asset. When the bids placed are higher than the opening value but lower than the minimum value, it is up to the auctioneer to decide whether to accept them or not, in accordance with the decision of the Insolvency Administrator, Enforcement Agent, or Seller.

Current bid: the amount of the highest bid received up to that point.

The minimum bid increments are as follows:

• €50.00 for lots with a starting value equal to or below €500.00;

• €100.00 for lots with a starting value from €501.00 to €5,000.00;

• €500.00 for lots with a starting value from €5,001.00 to €10,000.00;

• €1,000.00 for lots with a starting value from €10,001.00 to €50,000.00;

• €2,000.00 for lots with a starting value from €50,001.00 to €100,000.00;

• €5,000.00 for lots with a starting value from €100,001.00 to €250,000.00;

• €10,000.00 for lots with a starting value above €250,000.00.

• Specific cases will be indicated in the special conditions of the auction and/or in the information area dedicated to the electronic auction and/or to the specific item.

Bidders will be notified by email if a new bid surpasses theirs. LEILOSOC® accepts no responsibility for any delays in email delivery, as the sending and receipt of electronic mail are not under its control.

All remaining bids (those that did not win the auction) are automatically archived.

If prior registration in the electronic auction is required in order to place a bid, a deposit will be requested. This amount will be clearly stated on the “How to Participate” page of the respective sales dossier, as well as displayed on the auction page at LEILOSOC.COM.

Deposits are refunded as soon as they are no longer required.

A commission for the services provided by LEILOSOC® and the corresponding VAT will be added to the sale price. Payment of these amounts is the responsibility of the buyer, whether the buyer is an individual, a legal entity/company, a mortgage creditor, a banking or financial institution, or any other entity with or without preferential rights, including redeeming parties, under the following terms:

• Real estate: 5% of the proposed price plus the applicable VAT (at the legal rate in force).

• Movable property: 10% of the proposed price plus the applicable VAT (at the legal rate in force).

• Rights (including hereditary shares, usufructs, quotas, shares, and other rights): 10% of the proposed price plus the applicable VAT (at the legal rate in force).

• Commercial establishment/industrial unit: 10% of the proposed price plus the applicable VAT (at the legal rate in force). An establishment or industrial unit is considered as such whenever the sale involves the entire entity (real estate and its movable assets), regardless of whether it is operational or holds valid operating licenses.

• Artworks: 15% of the proposed price plus the applicable VAT (at the legal rate in force).

• Specific cases will be indicated in the special conditions of the auction and/or in the information area dedicated to the electronic auction and/or the specific item.

In the event of the award of one or more assets, the bidder will be notified after the auction ends to make payment within three days of the price (for movable property and rights) or the deposit (for real estate) and the applicable commission.

If the bid, although the highest, is below the sale value of the asset, the bidder will be contacted in due course to be informed of the auctioneer’s decision.

Real estate:

• Upon award/purchase, the successful bidder and prospective buyer shall pay 10% of the proposed price as a deposit and initial payment, as well as the amount corresponding to the services provided by the auctioneer.

• The remaining balance shall be paid upon execution of the definitive contract (public deed, DPA, transfer title), to be carried out within 30 days, or in cases where notifications of preferential rights are required, the contracts shall be executed once the applicable deadlines have expired.

• The definitive purchase and sale contract will be scheduled by the auction house as soon as all necessary documentation is complete and shall take place at a location determined by the Insolvency Administrator, Enforcement Agent, or Seller, generally within the geographic area of their professional domicile.

• If, for reasons beyond the control of the auctioneer and the prospective buyer, the purchase and sale contract is not executed—due to the decision of the Insolvency Administrator, Enforcement Agent, Seller, or a judicial ruling, including in cases of irregularity or other defect that prevents or renders the sale invalid or ineffective—any amounts paid by the successful bidder shall be refunded in full.

Movable property:

• Upon award, immediate payment of the full proposed price and the applicable VAT is required.

• In the case of movable property subject to registration (vehicles/motorcycles/boats), the bidder/buyer is responsible for paying any fees related to the property registration in their favor at the competent Registry Office and/or Maritime Authority.

• Transfers of vehicle ownership are carried out by the auction house.

• Collection of vehicles is only authorized after the transfer of ownership has been completed.

Failure to pay, failure to collect assets, or withdrawal may result in the following consequences:

• The sale may be considered null and void.

• The bidder may be prohibited from participating in future sales.

• The bidder may be held criminally and/or civilly liable for damages or losses caused.

• The deposit paid will not be refunded.

• The bidder may be required to compensate the insolvent estate and LEILOSOC® for the difference in value if the respective movable or immovable asset is re-awarded (applies when the asset is awarded to a previous bidder or through a subsequent sale).

• Temporary or permanent suspension of the bidder’s account.

Under the provisions of Regulation No. 314/2018, of May 25, on General Duties for the Prevention and Combat of Money Laundering and Terrorism Financing (ML/TF), pursuant to Law No. 83/2017, of August 18, after the award of the auctioned goods, payment may be made through the following methods:

• ATM / Multibanco

• Bank transfer to the IBAN indicated in the award summary

• Check endorsed to Isegoria Capital, S.A.

• Cash – it is prohibited to pay or receive cash in transactions of any nature involving amounts equal to or exceeding €3,000, or the equivalent in foreign currency (Law No. 92/2017, of August 22)

It is mandatory to complete the form related to the prevention and combat of money laundering for transactions exceeding €15,000, which will be made available after the award.

The electronic auction cannot be used by persons who do not have full legal capacity to enter into binding contracts, and in particular, it cannot be used by minors under eighteen years of age.

LEILOSOC® does not assume any responsibility arising from participants lacking full legal capacity to sell or purchase products.

Participants in the auction must inform LEILOSOC® of any situation that limits their legal capacity. If no such information is provided, it will be assumed that they have full legal capacity.

Auction participants are obliged to keep their electronic auction access password confidential and may not use an access ID that does not belong to them. Participants assume full responsibility for all operations carried out using their credentials, even if performed by third parties, with or without their authorization, and are also responsible for ensuring their access password is not disclosed.

The auctioneer may suspend access to the portal whenever it violates any legal provision or any provision of these General Terms of Sale or their annexes, as well as in the case of any detected fraudulent activity or connection to fraudulent activity promoted or carried out by the participant in relation to the electronic auction.

In the event that a participant's account is suspended or canceled, the obligations assumed by that participant, including the obligation to promptly pay any amounts due and to complete transactions they have committed to as a buyer, do not cease. The participant remains responsible for fulfilling these obligations.

When using the electronic auction, participants are obliged not to engage in behaviors that violate applicable law or infringe legally protected interests or rights. They must also avoid disrupting or degrading the quality of the service.

Participants commit to following all procedures indicated by the auctioneer for the proper use of the electronic auction and to conduct themselves with high standards of integrity, providing only truthful and up-to-date information.

Participation in an auction with speculative intentions, aimed at artificially increasing or decreasing the price of a product—whether through placing bids, inducing or encouraging bids—is not allowed. Similarly, manipulating the auction process, influencing the behavior of other participants, overloading the system, or performing any action that may damage or interfere with the electronic auction platform is strictly prohibited.

Participants may not use any software, mechanism, or manual process to monitor or reproduce, in whole or in part, the content of the electronic auction webpages without the express written authorization of the auctioneer.

Participants are responsible for completing bids made through the electronic auction, including the obligation to purchase the item at the price they offered, as well as for complying with all applicable laws and regulations.

Given the difficulty in verifying the identity of Internet users, bidders are solely responsible for the statements they provide, including those regarding the identification of their representatives, their status, and powers.

Real Estate:

• The bidder is solely responsible for obtaining any licenses required for the property being sold, if necessary for its transfer due to circumstances attributable to the buyer, such as when using bank financing. The Insolvency Estate bears no responsibility for such costs. The public deed of sale or DPA will be executed regardless of the existence of a use license, energy certificate, technical sheet, or BUPI, as the Insolvency Administrator is legally exempt from presenting these documents, and their absence does not prevent the transaction from taking place.

• If bank financing/credit is involved, the prospective buyer must inform LEILOSOC® in advance of this need and understands that they will bear all costs related to obtaining any documentation required by the bank that the Insolvency Administrator is not required to provide, including those mentioned above.

• The prospective buyer is solely responsible for all costs associated with the acquisition, including applicable taxes.

Movable Assets:

• Once payment has been confirmed and the Award Title issued, the bidder/auction participant is responsible for removing/collecting the purchased goods from their current location within a maximum of 10 days, unless an alternative timeframe is agreed upon with the express approval of the Insolvency Administrator/Execution Agent/Seller.

• Failure to meet the removal/collection deadline will result in the goods, or part of the goods in the lot(s), being returned to the Insolvency Estate, with the buyer losing the full amount paid and without any right to compensation.

• During the removal/collection of the goods, the responsibility for their security and surveillance, as well as that of the premises, rests entirely with the buyer, under the supervision of LEILOSOC®.

• The buyer agrees to remove/collect only the items included in the purchased lot and to avoid causing any damage to the premises, taking full responsibility for any damage caused to the building, including partitions, lighting, electrical cables, panels, and other installations.

• The buyer must keep all existing documentation on the premises that does not relate to the removed/collected lots intact.

LEILOSOC® is responsible for:

• Placing items up for auction and ensuring that the information entered on the auction portal is accurate.

• Ensuring the proper functioning of the portal and maintaining the confidentiality of bidder identities.

LEILOSOC® is not responsible for:

• Losses resulting from failures or deficiencies of the auction portal or its maintenance operations caused by unforeseeable and insurmountable events beyond its control, which prevent it, fully or partially, permanently or temporarily, from fulfilling contractual obligations, or losses arising from non-compliance, delay, or defective performance not attributable to LEILOSOC®, its representatives, agents, assistants, or any other persons it uses to fulfill its obligations, unless due to willful misconduct or gross negligence.

• Failures or inefficiencies of electronic equipment used by users or discrepancies in the time settings of such devices.

As an auction house, LEILOSOC® reserves the following rights:

• Not to award items if the amounts obtained are considered insufficient.

• Cancel or suspend sales if they occur irregularly.

• Require, if deemed necessary, that payments be made by certified check.

• Consider null and void any winning bids not confirmed as specified under point 19, subpoint a).

LEILOSOC® disclaims all responsibility for the authenticity of the brands of products/items for sale.

The mileage indicated in the sales advertisements corresponds to the odometer readings and LEILOSOC® is not responsible for any tampering or malfunction of this equipment.

LEILOSOC® will collect and process the personal data of auction participants, entering it into an appropriate database for which it will be responsible.

The personal data provided by auction participants will be used exclusively for purposes related to the execution of the respective contract, as well as for the auction house’s information and marketing activities.

Auction participants undertake to provide personal data that is accurate and up-to-date. Personal data found to be incorrect or incomplete in the mandatory sections of the registration form may result in the immediate suspension or termination of access to the electronic auction, as well as the termination of the respective contract.

The auction participant agrees to receive notifications related to the electronic auction, including any amendments to these Terms of Sale, at the email address associated with their registration.

The sale is carried out in accordance with the provisions of Article 834 of the Civil Procedure Code.

LEILOSOC® is duly accredited under Decree-Law No. 155/2015 of August 10 and holds civil liability insurance in the amount of €200,000, Policy No. RC63465018, with Fidelidade – Companhia de Seguros, S.A.

Pursuant to Article 825(1)(c) of the Civil Procedure Code, failure to deposit the purchase price may result in the attachment of sufficient assets to cover the outstanding amount, plus costs and expenses, without prejudice to criminal proceedings, and such amount may simultaneously be enforced in the same process for payment of the principal and any additional charges.

For all matters not expressly regulated in these Terms of Sale, Portuguese law shall apply.