Auction Bidder Agreement Bidder and Auctioneer agree that the Terms and Conditions listed below shall govern this Online Auction sale: 1. All persons seeking to register to bid must present a valid credit card to register online. In addition, Auctioneer reserves the right to verify the validity of all cashier's checks or certified funds drawn from lending institutions. The "Bidder" becomes a "Buyer" upon the closing of the lot, and the Auctioneer's acceptance of their bid on one or more items in the Auction sale. 2. Buyers who place winning bids online will have their credit card automatically charged at the conclusion of the auction sale (for purchases up to $5,000) and must comply with the removal and rigging terms noted herein. These credit card charges carry a 3% convenience fee, as noted below, and are as-is, no refusals, turn-backs, or charge-backs permitted. You will receive a paid invoice at the conclusion of the auction by email when your card is automatically charged. For those with invoices over $5,000, or those wishing to pay by company check or wire transfer, please contact auction office prior to the Auction to make arrangements. FULL PAYMENT must be made immediately for your purchase at the auction. 3. Items left unpaid for more than 48 hours will be resold at the risk and expense of the Buyer. In the event that a Buyer fails to pay the entire purchase price (in addition to the Buyer's premium and any applicable tax) within 48 hours, or otherwise fails to comply with these Terms and Conditions, the Auctioneer and the Seller will retain any deposit paid as liquidated damages without notice. The Auctioneer and the Seller reserve the right to resell such items without notice, and the defaulting Buyer shall be liable to Auctioneer and Seller for any resulting deficiency, including costs incurred in storing and reselling such items. 4. Auctioneer shall charge and collect from each Buyer a 15% Buyer's premium for each sale at the Auction, in addition to the purchase price as bid. Buyers that pay by credit card will be charged a 3% convenience/credit card fee in addition to any buyer's premiums so noted. Online buyers are subject to this additional 3% convenience / credit card fee when their card is charged. 5. All items in the Auction shall be sold to the highest bidder; provided, however, that some items may be auctioned with minimum reserve prices, and/or subject to Seller's right of confirmation. Auctioneer reserves the right to reject any bid that is only a minimal increase over the preceding bid, that is not commensurate with the value of the item being offered or that Auctioneer believes was made illegally or in bad faith. Further, Auctioneer may bid at the Auction either for its own account or on behalf of the Seller or a third party. All sales are final. No returns or refunds will be permitted for any reason whatsoever. 6. Collection of applicable taxes will be in accordance with the laws of New York State. Sales tax for Erie County, NY is 8.75%. Auctioneer reserves the right to charge and collect tax on all purchases, shifting the burden of determining any tax exempt status to the purchaser (if applicable). In such case, tax refunds will be issued by the respective state. If you are entitled to a sales tax exemption, please contact our office before September 24, 2018, 2pm ET to clear sales tax exemption. Buyers who fail to clear sales tax exemption prior to September 24, 2018, 2pm ET will be charged sales tax and must file with New York State for any refund to which they may be entitled due to exemption. 7. For any purchase paid in cash with a value of $10,000 or greater, Buyer is required to complete Department of the Treasury Internal Revenue Service form 8300 (https://www.irs.gov/pub/irs-pdf/f8300.pdf) at the time of purchase. 8. Arrangements for removal of purchased items will be the sole responsibility of the Buyer. All small, non-rigged items must be removed not later than September 29, 2018. Additional charges will apply to any buyer that holds over or requests additional time to remove their purchases. Some smaller items in this auction sale can be packed-and-shipped by Blackbird for an additional fee, please contact our auction office at auctions@blackbirdauctions.com to arrange for pack-and-ship upon receipt of your invoice. Riggers by appointment to remove major equipment, all items must be removed not later than October 19, 2018. 9. The Buyer becomes fully responsible for and assumes all risk of loss and damage to items purchased until items are removed from the Auction site, whether or not the removal deadline has passed. If the Buyer does not remove an item within the announced removal period, Auctioneer and the Seller may, in their sole discretion, deem the item to have been abandoned by the Buyer and the Buyer will have no further rights with respect to the item. 10. In the event of any dispute concerning the winning bid price for an item, the record kept by Auctioneer shall control. In any dispute between two or more bidders, the Auctioneer's decision shall be absolute and final. 11. All items are sold as-is, where-is and with all faults. Neither Seller nor Auctioneer makes any warranty, express or implied, as to the nature, quality, value, or condition of any item. Auctioneer and seller expressly disclaim any warranty of merchantability, fitness for a particular purpose or non-infringement. 12. No sale shall be invalidated by reason of any defect or inaccuracy in any description or listing, and no liability shall be borne by the Auctioneer with respect to such errors. All information has been obtained from sources generally believed to be reliable, but the accuracy cannot be guaranteed or warranted by the Auctioneer. Bidder acknowledges it is their responsibility to inspect all items and to make their own inquires prior to their bidding. 13. The aggregate respective liability of Seller or Auctioneer in respect of any other loss or damage suffered by a Buyer and arising out of or in connection with these Terms and Conditions or arising out of or in any way connected with a Buyer's participation in the Auction, whether in contract, tort (including negligence) or for breach of statutory duty or in any other way, shall not exceed (i) in the case of the Seller, the amount of the purchase price paid by the Buyer; and (ii) in the case of the Auctioneer, the Buyer's premium paid by the Buyer, in each case in respect of the goods which are the subject of the claim. 14. Buyers acknowledge that an Auction site or the Seller's site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances may be present. Heavy equipment may be operated, and electrical circuits may be live. Every person enters such site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises. Buyers shall so advise their agents and employees. No person shall have any claim against Auctioneer, the Seller or their respective agents or employees for any injuries sustained or for damages to or loss of person or property that may occur at such site. 15. These Terms and Conditions are incorporated and merged with any sale-specific Terms and Conditions which may be distributed via our online bidding site and / or at the physical auction location. Terms and Conditions for online auction of Buflovak, September 25, 2018. R1-2018-09-06

Auction of assets surplus to the ongoing operations of Buflovak Products, including large machine tools, planers, lathes, horizontal bores, shears, stock, lots of plant support equipment.