1.) Failure to make payment in full to the Auctioneer will result in a No Sale/ Administration Fee of 25% of the hammer price of the item or $500- whichever is greater. If payment is not received, your bidding privileges will automatically be revoked through B and S Equipment Sales, as well as Equipment facts and their affiliates.

2) Applicable State of MO Sales Tax will be charged on all Lots unless you are exempt from Sales Tax and you provide tax exemption form and exception certificates that are acceptable to the State of MO.

3) Payment in full must be made no later than 3 Business Days after the auction in the form Wire Transfer, Cash, Acceptable Cashiers Check or a Company Check accompanied with a bank letter of guarantee. An additional 4% will be added if paying by Visa, Mastercard, or Discover.

4) ALL PURCHASES MUST BE REMOVED from the premises no later than 15 DAYS after the auction. Storage fees may apply. B and S must have proof of paid in full receipt before loading.

5) Bidders are held personally liable for any bids made with their Bidding Number.

6) The highest bidder for each Lot shall be the Purchaser, and in the event of any dispute the Auctioneers shall have absolute discretion either to settle such dispute or to re-offer the lot for re-sale.

7) The Auctioneer and Equipment Facts accept no liability for loss or damage however arising from any Lots not presented for sale.

8) The Auctioneer and Equipment Facts have described the Lot(s) in the catalog to the best of their ability and belief. The Auctioneer and Equipment Facts undertake no liability whatever in respect of any faults, deficiencies and errors of any description, oral or printed, nor do they accept responsibility for the authenticity, genuineness, origin, age, condition or quality of any Lot(s) and all statements as to these matters whether contained in the catalog or made orally are statements of opinion only and not to be taken as being or implying a statement or representation of fact. The catalog is a guide only. It is important to listen to all announcements made by the auctioneer during the auction. The announcements made the day of sale will supersede any written descriptions.

9) Each and every Lot is sold "AS IS, WHERE IS". The Auctioneer and Equipment Facts provide no guarantees or warranties (express or implied) in respect of the equipment contained in the lot. All representations made by the Auctioneer and Equipment Facts, its servants or agents are to be considered lay opinions only and the Auctioneer and Equipment Facts accept no liability for any purchase made by a Buyer in reliance upon them.

10) The Buyer agrees to insure the Equipment purchased against all losses from the day of Auction until removal of the Equipment by the Buyer.

11) By bidding in the auction, the Buyer acknowledges he/she has read and agrees to be bound by the additional terms and conditions set forth.

INDUSTRIAS AMERICA 435

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