Bruce Hoberman

•Proxibid’s vision is to be the world’s most trusted platform for buying and selling highly-valued items •Proxibid's platform serves highly fragmented, traditionally offline industries•Proxibid's platform was built to serve markets with these common characteristics: - High-value transactions - High-quality buyerexperience - Sophisticated risk management needs - Large asset pools with recurring sales•Proxibid developed proprietary technology to serve high-value transactions online: - MarketGuard™ - Bank-quality fraud detection, risk mitigation, and dispute resolution - Integrated Payment System (APN and ProxiPay), offers seller-initiated credit card, wire, and escrow payment solutions - Flexible transaction technology - Live auction, timed auction, and buy now/make offer sales formats offer buyers and sellers the opportunity to buy and sell inventory like no other platform - Marketplace - Proxibid brings together more than 4k sellers and millions of buyers and has facilitated over 136k+ auctions representing more than $45B in GMV