General terms of use — aOKtion

Version 2026-10

1. Who we are

aOKtion is a B2B auction platform of YENTXA OÜ (registry no. 17170367, VAT EE102833560), with registered office at Narva mnt 5, 10117 Tallinn, Estónia ("YENTXA"). Contact: info@aoktion.com.

2. Businesses only

The platform is exclusively for companies and professionals acting in the course of their business. Consumers may not register. Whoever registers the account declares they are authorised to represent and bind the company and is responsible for keeping their login details confidential.

Taking part is free: aOKtion charges participants no commissions or fees.

3. Verification and approval

Every company is verified before it can take part: VAT number in VIES (EU companies), commercial registry certificate, beneficial owners and EU financial sanctions lists. Checks are repeated periodically. YENTXA may request further documents and may reject or suspend an account, in particular in case of a match with sanctions lists, false information or breach of these terms. The company undertakes to report promptly any change to its data or beneficial owners.

4. Price negotiation and setting only

aOKtion is used only to negotiate and set prices. No sales or purchases are concluded on the platform, and there are no payments, deposits or commissions. In sale auctions YENTXA offers lots and buyer companies bid upwards. In reverse auctions YENTXA states what it wants to buy and suppliers bid downwards. YENTXA is always the counterparty; aOKtion is not a marketplace between third parties.

5. Rules of each auction

Each auction has its own rules, published before it starts, which prevail over these terms in case of difference. They set out, among other things, the subject and quantities, delivery and payment terms, the starting or maximum price, the reserve price (if any), the minimum increment or decrement and automatic extension when bids are placed in the final minutes.

6. Bids

• Every bid is a firm commitment by the company to hold the price offered, under the auction conditions, and cannot be withdrawn. The commitment lasts for the period stated in the rules — by default, 30 days after the close in reverse auctions and 15 days in sale auctions.
• All bids are logged with the server date and time; that log is conclusive evidence.
• Bidding directly or indirectly to artificially raise (or lower) the price, including through related accounts, and colluding with other participants are prohibited.
• Each participant only sees its own position; it does not see other offers or bidders.

7. Result and deal

After the close, YENTXA announces the result. If it decides to proceed, YENTXA contacts the company and the deal (order or sale) is concluded directly between them, outside aOKtion, at the price offered and under the auction conditions; the company undertakes to accept it on those terms during the commitment period. YENTXA is not obliged to proceed: in a sale auction, in particular, it is not obliged to sell below the reserve price; in a reverse auction, it may weigh price and other criteria stated in the rules.

8. Prices and non-compliance

• Amounts exclude VAT and refer to the conditions (delivery, collection, payment) stated in each auction. Payment, invoicing and delivery are handled in the deal concluded outside the platform.
• If the company does not honour the price offered, YENTXA may exclude it from the platform, without prejudice to other rights.

9. Liability

YENTXA strives to keep the platform available and accurate but does not guarantee uninterrupted operation. If a technical failure affects an auction, YENTXA may suspend, extend or cancel it and will inform participants. Except in cases of wilful misconduct or gross negligence, YENTXA is not liable for loss of profit or indirect damage arising from use of the platform.

10. Personal data

The processing of personal data is described in the privacy policy.

11. Changes and language

YENTXA may change these terms; material changes are notified to registered companies and only apply to auctions published after the change. These terms exist in Portuguese, English and Spanish; in case of divergence, the English version prevails.

12. Governing law

These terms are governed by Estonian law. Disputes are settled by the courts of Tallinn (Harju Maakohus), without prejudice to mandatory rules to the contrary.