Document:

Exhibit 10.1

 

	

    	
SALE OF   GOVERNMENT PROPERTY AMENDMENT OF INVITATION FOR BIDS/MODIFICATION OF CONTRACT   1. AMENDMENT TO INVITATION FOR BIDS NO.: 2. EFFECTIVE DATE PAGE 1 OF 3 PAGES   SUPPLEMENTAL AGREEMENT NO.: 14 3. ISSUED BY DLA Disposition Services National   Sales Office 74 North Washington Avenue Battle Creek, Ml 49017-3092 4. NAME   AND ADDRESS WHERE BIDS ARE RECEIVED 5. AMENDMENT OF INVITATION FOR BIDS NO.   (See Item 6) DATED MODIFICATION OF CONTRACT NO. (See Item 8) DATED 6. THIS   BLOCK APPLIES ONLY TO AMENDMENTS OF INVITATIONS FOR BIDS The above numbered   invitation for bids is amended as set forth in Item 9. Bidders must   acknowledge receipt of this amendment unless indicated otherwise in item 11   prior to the hour and date specified in the invitation for bids, or as   amended, by one of the following methods: (a) By signing and returning copies   of this amendment; (b) By acknowledging receipt of this amendment on each   copy of the bid submitted; or (c) By separate letter or telegram which   includes a reference to the invitation for bids and amendment number. FAILURE   OF YOUR ACKNOWLEDGMENT TO BE RECEIVED AT THE ISSUING OFFICE PRIOR TO THE HOUR   AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR BID. If by virtue of this   amendment you desire to change a bid already submitted, such change may be   made by telegram or letter, provided such telegram or letter makes reference   to the invitation for bids and this amendment, and is received prior to the   opening hour and date specified. 7. ACCOUNTING AND APPROPRIATION DATA (If   required) 8. THIS APPLIES ONLY TO MODIFICATION OF CONTRACTS This Supplemental   Agreement is entered into pursuant to authority of Contract # 99-4001-0004 9.   DESCRIPTION OF AMENDMENT/MODIFICATION (Except as provided below all terms and   conditions of the document referenced in Item 5 remain in full force and   effect) Whereas Contract 99-4001-0004 was entered into on June 9, 2005 by and   between the United States of America, hereinafter referred to as the   GOVERNMENT, and LIQUIDITY SERVICES, INC,    hereinafter referred to as the CONTRACTOR, and DOD Surplus, whereas   the contract  involved property as   described in invitation for Bid (IFB) 99-4001. Contract performance is 7   years and three one year option periods. THE HOUR AND DATE FOR RECEIPT OF   BIDS (LOCAL TIME) DATE IS NOT EXTENDED, IS EXTENDED UNTIL O'CLOCK M 10.   BIDDER/PURCHASE NAME AND ADDRESS (Include ZIP Code) DOD Surplus LLC 15051 N.   Kierland Blvd.,Third Floor Scottsdale, AZ 85254 11. BIDDER IS NOT REQUIRED TO   SIGN THIS DOCUMENT PURCHASER IS REQUIRED TO SIGN THIS DOCUMENT AND RETURN   ORIGINAL AND 0 COPIES TO THE ISSUING OFFICE 12. SIGNATURE FOR   BIDDER/PURCHASER BY (Signature of person authorized to sign) 15. UNITED   STATES OF AMERICA BY (Signature of Contracting Officer) 13. NAME AND TITLE OF   SIGNER (Type or print) Timothy Daniel VP Operations 14. DATE SIGNED 8 Jun   2015 16. NAME OF CONTRACTING OFFICER (Type or print) Leohard Clyde 17. DATE   SIGNED 8 Jun 2015 AUTHORIZED FOR LOCAL REPRODUCTION Previous edition is   usable STANDARD FORM 114D (REV. 1-94) Prescribed by GSA FPMR (41 CFR)   101-45.3.
    

 

	

    	
CONTRACT NUMBER   99-4001-0004 Supplemental Agreement 14 Page 2 of 3 WHEREAS, Article Sixteen,   Section 3 states in pertinent part that: (A) Calculate Contractor Net Worth   Allocation. Purchaser shall calculate the amount of the "Contractor Net   Worth Allocation" as Operating Net Worth multiplied by twenty percent   (20.00%). (B) Calculate DRMS Net Worth Allocation. Purchaser shall calculate   the amount of the "DRMS Net Worth Allocation" as Operating Net   Worth multiplied by seventy-eight and twenty one-hundredths percent (78.20%).   (C) Calculate KGP Net Worth Allocation. Purchaser shall calculate the amount   of the "KGP Net Worth Allocation" as Operating Net Worth multiplied   by one and eighty one-hundredths percent (1.80%). and, WHEREAS, the contract   does not include a provision for the implementation of a replacement   contract, which requires a minimum 3-4 months to complete. and, WHEREAS, the   Government and Contractor have entered into a negotiated sale which includes   a provision for the implementation of a replacement contract. and, WHEREAS,   the contractor has determined the wind-up this contract with the negotiated   contract being executed at the same time would be unmanageable. This is due   to the fact that it would require two inventory tracking systems to segregate   and report proceeds from property received before and after the commencement   of the negotiated contract. Setting up another inventory tracking system   would be time consuming and expensive. In addition, tracking indirect costs   associated with processing two inventories would be onerous. This would also   require the contractor to sell the property thru different lots which may not   be optimal to maximize revenue. The separate inventory systems would require two   unique weight tickets. and, WHEREAS, the contractor has formulated a payment   plan for the remaining property referred under this contract, based on an   inventory turnover rate that is equal to 51 days on average, that ensures KGP   will receive appropriate distributions for this inventory. NOW, THEREFORE, it   is mutually agreed between the parties hereto to this modification that   Article Sixteen, Section 3 shall be changed effective with the June 2015   Monthly Distribution Statement as stated below: (A) Calculate Contractor Net   Worth Allocation. Purchaser shall calculate the amount of the   "Contractor Net Worth Allocation" as Operating Net Worth multiplied   by thirty-five percent (35.00%). (B) Calculate DLA DISPOSITION SERVICES Net   Worth Allocation. Purchaser shall calculate the amount of the "DLA   DISPOSITION SERVICES Net Worth Allocation" as Operating Net Worth   multiplied by sixty-five percent (65.00%). 
    

 

	

    	
CONTRACT NUMBER   99-4001-0004 Supplemental Agreement 14 Page 3 of 3 (C) Calculate KGP Net   Worth Allocation. Purchaser shall, for the month of June 2015, deduct an   amount from the Contractor Net Worth Allocation equal to 100% of 1.8% of the   Operating Net Worth (amount available for distribution) and pay this amount   to KGP. Purchaser shall, for the month of July 2015, deduct an amount from   the Contractor Net Worth Allocation equal to 94% of 1.8% of the Operating Net   Worth (amount available for distribution) and pay this amount to KGP. The   July 2015 distribution is the final payment to KGP for property referred   under this contract. WHEREAS, Article Twenty-One, Sections 1-5 provides   instructions for the Wind-Up of the Purchaser. and, WHEREAS, the contractor   will not be able to wind-up the contract with the negotiated contract being   executed at the same time. NOW, THEREFORE, it is mutually agreed between the   parties hereto to this modification that: Article Twenty-One shall be delayed   until the end of the negotiated sale, Contract Number 15-5601-0001. OTHING   FOLLOWSExhibit 10.2

 

	

    	
ALL   COMMUNICATIONS SHOULD INCLUDE THE CONTR ACT NUMBER SHOWN IN BLOCK 5 BELOW 1   OF 5 PAGE - E D. VOUCHER NO. (Previous edition to be used until exhausted)   IMPORTANT NOTICE PAGE 2 DAMS FORM 1427, AUG 98 (EF) NOTICE OF AWARD,   STATEMENT, AND RELEASE DOCUMENT 1. 2. FROM:(Name and address of Sales Office   DLA Disposition Services National Sales Office 74 North Washington Battle   Creek, Ml 49037-3092 3. DATE OF AWARD 6/9/2015 4. INVITATION NO. 99-4001 5.   CONTRACT NO. 15-5601-0001 6. TO: (Name and address of Purchaser) Liquidity   Services, Incorporated 1920 L Street, NW 6th Floor Washington, DC 20036 7.   BIDDER NO. 8050000994 8. (PAID STAMP) (For Release of Property Only) This is   to inform you that your firm has been awarded a contract of sale for ,9. PROPERTY   MUST BE REMOVED BY (Final date of removal) the following materials as a   result of the above numbered Invitation to Bid. 10.SURPLUS 11n lnR EXCI IANGE   SA l ITEMS ITEM NO. a DESCRIPTION b QTY c UNIT d UNIT PRICE e TOTAL PRICE f   QUANTITY RELEASED Q See attachment to Notice of Award (pages 3-4) 11 Rl=ll=/1   1= 12. STATEMENT OF ACCOUNT An agent of the purchaser obtaining release of   the material must present purchaser authorization. Payment of amount due the   U.S.Government must be made prior to removal of any material. Refer to the   IFB for all methods of acceptable payment. A. I HAVE RECEIVED THE ABOVE   LISTED MATERIALS IN THE QUANTITY INDICATED AND HAVE ACCEPTED SAME IN   COMPLIANCE WITH THE TERMS OF ABOVE NUMBERED CONTRACT. TYPED OR PRINTED NAME   AND SIGNATURE OF PURCHASER OR AUTHORIZED AGENT A. TOTAL CONTRACT PRICE $ $ $ $ $ $ $ B. LESS DEPOSIT c. BALANCE DUE B. R Y ignatureJWac;yQ D. REFUND DUE   ......'ntJ . STORAGE CHARGES C. D!t:t/d06 13. SALES CONTRACTING OFFICER   (Typed name & Signature) SHERlESE UNDERWOOD F. PAYMENT RECEIVED G. REFUND   MADE 
    

 

	

    	
DRMS FORM 1427,   AUG 98 (EF) Page 2 of 2 DISPOSAL NOTIFICATION TO ALL PURCHASERS AND   SUB-PURCHASERS The use, disposition, export and reexport of this property is   subject to all applicable U.S laws and regulations, including the Arms Export   Control Act (22 CFR 2751 et seq.). the Export Administration Act of 1979 (560   U.S.C. App. 2401 et seq.); International Traffic in Arms Regulations (22 CFR   120 et seq.); Export Administration Regulations (15 CFR 730 et seq.); Foreign   Assets Control Regulations (31 CFR 500 et seq.); and the Espionage Act (37   U.S.C. 791 et seq.) which among other things, prohibits: a. The making of   false statements and concealment of any material information regarding the   use or disposition, export or reexport of the property, and b. Any use or   disposition, export or reexport of the property which is not authorized in   accordance with the provisions of this agreement. Before any export or   reexport of this property is attempted, contact the Office of Defense Trade   Controls, Department of State and the Bureau of Export Administration,   Department of Commerce for export licensing REMARKS PART 2 - TIPS FOR   PURCHASERS You have been awarded the items listed on the reverse side of this   document. In order to minimize confusion or any chance of you having to pay   storage charges or your contract being terminated for failure to pay for and   remove property, you should do the following: 1. If there is an amount due   indicated in Block 12 C, you should remit this immediately to the sales   office indicated in Block 2. NO PROPERTY CAN BE REMOVED UNTIL PAID FOR.   Unless otherwise indicated in the IFB, MAKE CHECKS PAYABLE TO: U.S. TREASURY.   Receipts are not furnished. 2. (Read Block 9). This is your final free removal   date. If you do not remove the property by this date you will be placed in   Default and storage charges will be assessed. 3. Make arrangement for pickup   of property and send release authorizations to both the carrier and the   disposal officer where the material is located. THE GOVERNMENT WILL NOT ACT   AS LIAISON IN ANY FASHION BETWEEN PURCHASER AND CARRIER. If desired, a list   of carriers serving the area is available from the Sales Office indicated on   the reverse side. 4. Furnish your agent or carrier complete info needed to   remove the property. THE GOVERNMENT WILL ONLY MAKE INITIAL PLACEMENT WHERE IT   IS PROVIDED THE GOVERNMENT LOADS. PLACING, HANDLING, PACKING, BRACING,   BLOCKING ETC., ARE YOUR RESPONSIBILITY. 5. If the IFB provided that purchaser   loads, then you must make all arrangements for loading including any   equipment you may require to accomplish such loading. IN THESE INSTANCES, THE   GOVERNMENT WILL PROVIDE NO ASSISTANCE. 6. Follow up with your carrier or   agent frequently, especially if you are in default. Extensions or   reinstatements of your contract cannot be made because of your agent or   carrier 's failure to do something. 7. Upon receipt of property, inspect it   immediately for misdescription. Misdescription claims filed after 30 days   from date of removal will be denied as untimely filed. 8. If you have any   questions regarding this award, contact the Sales Contracting Officer at   once. 
    

 

	

    	
Contract Number   15-5601-0001 Page 3 / lol<bl Attachment to NOTICE OF AWARD, STATEMENT, AND   RELEASE DOCUMENT This contract incorporates final IFB 99-4001, Supplemental   Agreements 1-14 and technical proposal. All Terms and Conditions of contract   99-4001-0004 (excluding the changes listed below) awarded on June 9, 2005.   Article 2A. SMALL BUSINESS SALES PLAN; is deleted. ARTICLE TWO. PERFORMANCE   PERIOD; EARLY CANCELLATION OPTION; DRMS OPTION TO EXTEND, Section 1 shall be   changed as stated below. The following paragraph is deleted. "Subject to   the early cancellation option provisions of Section 2 of this Article 2, and   the DRMS extension option provisions of Section 4 of this Article 2, the   Government shall provide the Property for an eighty-four (84) month period   (the "Performance Period") from the date of submission to Purchaser   of the initial Pickup Notice." The following paragraph is inserted.   "Performance period is an initial term of nine months. Additionally,   three three-month options are available at the Government's offering.   Contract performance begins on June 9, 2015. The options may be exercised   with a minimum 90 days' written notice to the Purchaser." ARTICLE TWO.   PERFORMANCE PERIOD; EARLY CANCELLATION OPTION; DRMS OPTION TO EXTEND, Section   2 Early Cancellation Option; the following subparagraphs are added and   incorporated into this contract: (E) The Government may cease property   referrals by location with not less than 90 days' written notice to the   Purchaser. The first effective date of such property referral cessation by   location will not be prior to February 8, 2016. A location is defined as a   DLA Disposition Services field site or office and all of that sites/offices   area of responsibility including customer locations (normally referred to as   Receipt in Place [RIP]) or portions thereof as stated in such written   notification. (F) The Government may cease property referrals by commodity   with not less than 60 days' written notice to the Purchaser. The commodity   referrals may be ceased in their entirety or by location/s as stated in the   written notice. The first effective date of such property referral cessation   by commodity will not be prior to October 8, 2015 for electronic property and   February 8, 2016 for both MUT (including the SCLs MUT, CSI, M14 and MFS) and   DCOS property. A commodity is defined as a described item or grouping of   items such as electronic property (identified as D4R, DEMAN or DMF) or a   grouping of items such as property that is currently shipped to a MUT Site   (includes the SCLs MUT, CSL Ml4 and MFS) or demilitarization required   property that is sold with Demil as a condition (DCOS). ARTICLE TWO.   PERFORMANCE PERIOD; EARLY CANCELLATION OPTION; DRMS OPTION TO EXTEND,   Sections 4 and 5 are deleted. 
    

 

	

    	
Contract Number   15-5601-0001 Page 4 ARTICLE THREE, Section 2, Subparagraph (C) Phase-In   Period, is deleted. ARTICLE FIVE, Section 1, Subparagraph (D); The $20,000   Payment Deposit submitted under contract 99-4001-0004 is hereby transferred   and incorporated into contract 15-5601-0001. ARTICLE FIVE, Section 2,   Subparagraph (B) Amounts Payable to DRMS and to KGP: Timing of Payments; The   following changes will become effective as of September 25, 2015. The   following paragraph is deleted. "(B) Amounts Payable to DRMS and to KGP;   Timing of Payments. Each Invoice shall identify (i) an amount (the "DRMS   Invoiced Amount") equal to ninety-seven and seventy-five one-hundredths   percent (97.75%) of the Total Invoiced Amount, and (ii) an amount (the   "KGP Invoiced Amount") equal to two and twenty-five one-hundredths   percent (2.25%) of the Total Invoiced Amount. Purchaser shall pay to DRMS and   to KGP the full amounts of the DRMS Invoiced Amount and the KGP Invoiced   Amount, respectively, on or before the date that is fifteen (15) Days after   each Invoice is submitted to Purchaser." The following paragraph is   inserted. "(B) Amounts Payable to DLA Disposition Services. Each invoice   shall identify 100% of the invoiced amount. Purchaser shall pay to DLA   Disposition Services the full amount of the invoice on or before the date   that is fifteen (15) Days after each Invoice is submitted to Purchaser."   ARTICLE FIFTEEN, Section 2 Financial Guarantee Bond; The Financial Guarantee   Bond submitted under contract 99-4001-0004 is hereby transferred and   incorporated into contract 15-5601-0001. ARTICLE SIXTEEN, Section 1 Monthly   Distribution Statement; the following changes shall become effective with the   August 2015 Monthly Distribution Statement and following. The following   paragraph is deleted. "Within fifteen (15) Days after the last Day of   each calendar month that is in whole or in part within the Performance Period   and Wind-Up, Purchaser shall prepare and submit to DRMS, KGP and Contractor   the "Monthly Distribution Statement" with respect to such month in   the form specified at Attachment VI.16.1. Purchaser shall perform the   following calculations in preparing the Monthly Distribution Statement.   Except as otherwise provided herein, all amounts shall be determined as of   the close of business on the last Day of the subject month." The   following paragraph is inserted. "Within fifteen (15) Days after the last   Day of each calendar month that is in whole or in part within the Performance   Period and Wind-Up, Purchaser shall prepare and submit to DLA Disposition   Services and Contractor the "Monthly Distribution Statement" with   respect to such month in the form specified at Attachment VI.l6.1. Purchaser   shall perform the following calculations in preparing the Monthly   Distribution Statement. Except as otherwise provided herein, all amounts   shall be determined as of the close of business on the last Day of the subject   month." 
    

 

	

    	
Contract Number   15-5601-0001 Page 5 - SHERIESE UNDERWOOD Sales Contracting Officer Date

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