CLOSING FEATURES Staggered Closing Lots do not all close at once! Beginning with Lot 1, lots will close in increments of 3-6 per minute, depending on the size of the auction, in numerical order, until all lots have been closed. The Closing Time for Lot 1 will be posted at the top of each auction's page. Extended Dynamic Closing If a bid is placed on a Lot within 5 minutes of its’ scheduled closing time, the timer for that lot is automatically extended by 5 minutes to allow all interested bidders the opportunity to continue placing bids for that item. This extended bidding time does not increase the bidding time for any other lots in the auction. Refresh & Minutes Remaining 24 Hours before the Lots begin closing, a Countdown Timer will appear below each Lot displaying the exact number of bidding hours and minutes remaining for that Lot. Once the first Lot closes, this Countdown Timer must manually be updated by clicking the 'Refresh' Feature. This is the only way to receive the most current bid and timing information for the remaining Lots. BIDDING FEATURES Update Bidder Profile To Update your Credit Card or Contact Information or to Reset your Password, click ‘Update Bidder Profile’ located in the Navigation Bar at the top of the Online Auction Pages. Public Inspection All assets will be open to a complete examination to all interested parties during the scheduled Public Inspection Time. The date, time & location of thePublic Inspection will be posted for each auction. If you are uncertain of the condition or use of an item and are not able to attend the Public Inspection,please bid accordingly, as all Sales are Final. Your Maximum Bid This Bidding Feature places automatic bids on your behalf, up to the maximum amount that you are willing to pay for the item. Your bid is only increased when another Bidder places a bid higher than your current bid. If a Bidder places a bid higher than your Max Bid, you will lose your position as the Winning Bidder, the system stops placing bids on your behalf, and you are required to enter a new bid if you wish to continue competing for the item. Note: This Bidding Feature is an efficient tool for Bidders who need to manage multiple bids. Outbid Notifications END once Lots begin Closing If you are outbid on an item, you will receive an immediate Outbid Notification email. These notifications keep you updated on the status of the Bids you have placed. However, once the 1st Lot closes, the system will no longer send these notices. You will be responsible to manually monitor the status of your bids at this time. You may review the status of your bids by clicking ‘Review Bids.’ Bidding Errors Please review all bids carefully before submitting them. In the event a gross bidding error is made, please contact bill@bclauction.com immediately. We will review the circumstances to see if the bid may be reversed without affecting other participant’s bids on that item. Refreshing the Countdown Timer Once the Lots begin closing, click the 'Refresh' Option to receive the most current Winning Bids on the Lots & to view accurate Countdown Timer information. PAYMENT TERMS Invoicing Invoices are emailed to all Winning Bidders immediately following the close of the last item in the auction. This emailed Invoice will be the only notification you receive, so please check your inbox when the auction closes. The invoice will contain very important & time sensitive Payment & Item Removal Information, so please read the terms carefully. Automatic Credit Card Processing Your credit card will automatically be charged for your purchase unless you notify peggy@bclauction.com by 6AM following the close of the auction, unless you follow the "Cash Payment Requirements" listed below. Upon Registration, our accounting department will verify your credit card. Bidders without a valid credit card on file will not be allowed to place bids. To update your credit card on file, click ‘Update Bidder Profile’ in the navigation bar at the top of the auction page. Cash & Company Check Requirements If you would like to pay your Invoice by Cash or Company Check, you must meet the following 2 requirements, or your Credit Card will be processed: Step 1: You must email peggy@bclauction.com by 6AM following the close of the auction. In the Subject Line of the email, please state your Bidder Number and the form of payment you'll be using. Example Subject Line: "Bidder 8000 is paying by cash." Step 2: Cash payment must be received at the auction site by 12PM on the first day of removal. If your payment is not received by this deadline, your credit card will be charged. Note: Checks must be accompanied by a Bank Letter of Credit guaranteeing funds to BCL Auction. This letter must be faxed from your bank to 866.257.6128 or presented with your check in person. Paid Receipt Pick Up Please report to the BCL Auction Desk as soon as you arrive to the scheduled Item Removal Time to retrieve your ‘Paid Receipt.’ You must have this receipt in order to retrieve your items. Buyer's Premium This is the industry standard fee that is added to the total purchase amount of your Invoice. It is calculated as follows: •Invoices paid by Credit Card are calculated with an 18% premium. • Invoices paid by Cash receive a 3% Discount, so the premium is calculated at 15%. Example: If your purchase amount is $10.00, the total amount due for Credit Card Buyers is $11.80 and the amount due for a Cash Buyer is $11.50. ITEM REMOVAL, SHIPPING & SHUTTLE SERVICE Tool & Labor Requirements Removal shall be at the expense, liability, and risk of the purchaser. Buyer is responsible for all tools and labor required for the safe removal of their items. This includes the safe disconnection, dismantling, moving and removing of the items within the specified times and dates. Purchases will only be released upon presentation of a Paid Receiptand under the supervision of aBCL Auction Team Member. •Note: If a 3rd party is contracted to pick-up your items, please email the details to peggy@bclauction.com so your items may be securely released. •For their safety, minors will not be allowed in the area where items are being moved, dismantled, disconnected and removed. Shipping Preparation If you would like your item(s) shipped, please email peggy@bclauction.com by 9AM following the close of the auction to confirm your shipping request & to process payment for any associated handling/shipping expenses. You may also email us before the auction closes to get an estimated quote for shipping. Please include your Bidder Number, the Lot Number(s) & your Zip Code & we will get an estimate quote to you! •All confirmed shipping arrangements will be automatically processed by the credit card you have on file. Shuttle Service Requests For the convenience of our local customers, shuttle service may be offered. For a minimal fee, the BCL Auction Team will transport your items to the BCL Warehouse to be picked up within 5 business days. If this service is offered, it will be noted in the Auction Details. To Reserve Shuttle Service, IF IT IS BEING OFFERED: Email your request to peggy@bclauction.com by 9AM after the auction closes. Please include your Bidder Number and the Lot Numbers you need shuttled. We will reply with the cost and a request for your confirmation. Once confirmed, your credit card will be charged the quoted fee. Note: If you choose the Shuttle Service Option, your items must be picked up from the BCL Warehouse between the hours of 9AM- 4PM, within 5 business days. Items that have not been retrieved within 5 business days will incur a Storage Fee of $10 per day. Firm Item Removal Schedule Before placing any bids, please make sure you are able to remove your items within the scheduled dates and times. These dates are determined by the Seller or Landlord and BCL Auction does not have the authority to extend or altar these times. Refunds are not given for items not retrieved within the scheduled time frame. Delinquent Accounts Buyers will be responsible for all expenses incurred for the transportation, storage and legal expense incurred on behalf of delinquent accounts or abandoned items not removed by the stated deadline. IMPORTANT DISCLAIMERS Sales are Final All items are sold ‘AS IS and WHERE IS’ with NO WARRANTY expressed or implied. Descriptions and photos are believed to be accurate, but are not guaranteed. Public inspections are open to all interested parties for a complete examination of the assets. If you are uncertain of the condition or use of an item, please bid accordingly. Refunds are not given for any reason, including but not limited to bidding errors, posting errors, or condition of items. *It is your responsibility to carefully examine and verify material, measurements, color, condition, model number, size and usefulness at the scheduled Public Inspection before placing any online bids. Buyer's Liability Individuals are responsible for the expense incurred for any and all damages to the Seller's assets or property during the Public Inspection or Item Removal times. Bidder’s credit card on file will be charged for such damages. Seller's Rights The Seller may withdraw an item from an event prior to the auction closing. BCL takes every step necessary to prevent this from happening. We apologize for any inconvenience this may cause, however, BCL assumes no liability or responsibility for decisions made by the Seller. Both auctioneer and seller reserve the right to add, remove, split or combine lots presented, add minimum bids, change closing times, inspection times, removal times, cancel, suspend, extend or reschedule any individual item(s) and/or auction event. Both Auctioneer and Seller’s liability shall be limited to the refund of the item’s purchase price. These terms and conditions cannot be altered except in writing by the Auctioneer.