TERMS FOR AUCTION OF PERSONAL PROPERTY Note: This is a cataloged sale and lots will be sold in catalog order. Note: All lots subject to sellers confirmation. 1. Payment method for vehicles/equipment is cash, wire transfer, cashier's check or money order only, no exceptions. For non-vehicle/equipment purchases payment methods are cash, Visa/MC/Discover, guaranteed funds, or checks (must be approved by Auctioneer) unless otherwise stated under the Auction Info section of the auction listing. Bidder agrees that if paying by credit card, that they shall not attempt a charge-back for any reason whatsoever. Payment: Immediately following the payment deadline, the credit card associated with your account will be automatically charged for the full price of your purchases. For this reason, it is imperative that you provide the Auctioneer with a credit card that can bear the weight of all of your purchases. Failure to do so will result in account suspension. You can update your credit card information at any time by clicking the My Account tab and choosing Update Credit Card. Charge-backs Prohibited: You agree that you will accept all charges placed on the credit card associated with your account, and you agree that you will not chargeback any amount that the Auctioneer charges to your credit card. You agree that this provision applies equally to amounts charged in connection with any items you have won. 2. All lots are sold subject to applicable State Sales Tax unless the bidder has filled out a SALES TAX EXEMPTION CERTIFICATE/NYS DTF820 Form or equivalent for the state where the items are located, and has such certificate on file with the Auctioneer. Tax is calculated based on the highest bid price plus the buyer's premium. 3. If the Auctioneer determines that any bid is not commensurate with the value of the article offered, he may reject the same and withdraw the item from the auction. If, having acknowledged an opening bid, he decides that an advance is not sufficient, he may reject the advance. The auctioneer reserves the right to bid on behalf of Buyers/Seller/Secured parties. 4. Ownership title passes upon the fall of the Auctioneer's gavel, and thereafter the property is at the risk of the buyer, and neither the seller nor the auctioneer shall be responsible for loss or damage. 5. Every item is sold as-is, with all faults. Neither the Auctioneer nor the Seller makes any warranties or representations of any kind, nature, or claims of the serviceability of the item with respect to said property. All sales are final. Catalog descriptions are for simple identification purposes only; no representations are made as to authenticity, age, origin or value. The Buyer relies solely on his/her own inspection and judgment when bidding. 6. All purchases shall be paid in full by date specified in the shipping and payment terms located in each lot. Failure to make payment by payment deadline will result in forfeiture of items in the auction and may result in revocation or suspension of bidding privileges with the bidder's account. Pickup time(s) are sharp, unless otherwise mentioned, no exceptions. Any items not removed by that date shall be deemed abandoned by bidder and shall be disposed of at bidder's expense without recourse. All lots subject to storage fees at the discretion of the seller. 7. Bidders are responsible for all costs involved with removal of their purchases and any and all damages incurred during removal of purchases. Shipping is considered a form of pickup. Shipping costs are non-refundable. 8. BUYER'S PREMIUM shall be added to the top bid to become part of the purchase price. BUYER'S PREMIUM DEFINITION: The Buyer's Premium is that portion of the commission(s) which is being paid by the buyer. It is clearly understood and agreed by both the buyer and the Seller that the Auctioneer and Broker represent the Seller only. The Buyer's Premium for this auction is listed under the Auction Info section of the auction listing. 9. The highest approved bidder is determined to be the buyer. In all cases of disputed bids, the property shall be resold, but the Auctioneer will use his judgment as to the good faith of all claims, and his decision is final. 10. All bidders are required to register and give full identification prior to the beginning of the auction and are required to use the number issued to them when identifying themselves as the successful bidder. Bidder agrees to the Terms and Conditions of the auction prior to receiving a bidder number for this auction, and all other auctions said bidder attends of ABSOLUTE AUCTION