All bidders at this sale agree that they have read and have full knowledge of these terms and agree to be bound thereby. 1. IDENTIFICATION: All purchasers are required to register and give full name, address and credit card information. 2. DEPOSIT: Bidders must post a $200.00 deposit upon registration or post a deposit upon becoming a successful bidder. HeathIndustrial MUST have a deposit of 25% of all winning bids throughout the sale. All deposits and payments must be made in cashor certified funds 3. PAYMENT: Invoices must be paid in full day of the sale unless otherwise specified. A BUYER’S FEE / PREMIUM OF 15%FOR ALL ONSITE BIDDERS AND 18% FOR ALL ONLINE BIDDERS, WILL BE APPLIED TO INVOICE IN ADDITION TO THE SALES PRICE FOR BUYERS PAYING WITHCASH OR CERTIFIED FUNDS. THIS REPRESENTS A 3% DISCOUNT FROM ALL OTHER FORMS OF PAYMENT. SALES TAX OF 9.25% WILL APPLY TO ALL PURCHASES UNLESS BUYERS HAVE PROPER RESALE EXEMPTION. Business and Personalchecks will not be accepted without a letter of guarantee from your bank similar to below.(Your Bank Name) unconditionally guarantees payment to Heath Industrial from (Your Company Name) up to theamount of $ __________ . This guarantee will be valid for purchases made at the auction of (Auction Name) on(Auction date). NO MERCHANDISE WILL BE RELEASED UNTIL INVOICE IS FULLY PAID. 4. REMOVAL: All purchases MUST be removed as listed:Small Items (Perishable Tools, Machine Parts & Accessories, Etc.) Are To Be Removed Within 2 Days of the of the close of the Auction. WE ASSUME NO RESPONSIBILITY FOR SMALL, CARRIABLE ITEMS LEFT ON PREMISES AFTER Thursday, June 9th.Standard Items (Machinery & Equipment) Must Be Removed No Later Than, Thursday, June 16 t h , unless prior arrangements have been made. REMOVAL HOURS DAY AFTER SALE 9:00AM TO4:00PM, thru June 16TH. N O WEEKEND REMOVAL WILL BE AVAILABLE. Purchases may beremoved only on presentation of paid bill. Removal shall be at the expense, risk and liability of the purchaser.Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option toremove and store at the expense and risk of the purchaser any article purchased, but not paid for andremoved within the time aforesaid. Buyers with items left on site after deadline are subject to fines of $300 perday. ALL ITEMS MUST BE OFF THE PREMISES BY THURSDAY, JUNE 16thAT 4:00 PM at which timeour representative will leave the premises. All items remaining after this time WILL BE considered abandoned. 5. MANNER OF PAYMENT: All deposits and balances due shall be payable to the order of HEATH INDUSTRIAL. All bills mustbe paid to Heath Industrial. All payments must be made by Cashier’s Check, Wire Transfer or Company Check with BankLetter of Guarantee. The full purchase price on all lots sold to the same buyer must be paid in full within 48 hours of theauction closing date and before removal of any of the goods. 6. CONDITION OF ARTICLES SOLD: Neither the auctioneer nor the seller shall be responsible for the correctdescription, genuineness, authenticity of, or defect in any lot, and makes no warranty in connection therewith. No sale shall beset aside nor allowance made on account of any incorrectness, error in cataloging, or any imperfection not noted. ALL ARTICLES ARE EXPOSED FOR PUBLIC EXHIBITION & INSPECTION, AND SOLD “AS IS”, “WHERE IS” AND WITHALL FAULTS, AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FITFOR ANY PARTICULAR PURPOSE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITIONOR USE OF ARTICLES PURCHASED OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM. 7. SAFETY DEVICES: Articles purchased may not incorporate approved activating mechanisms, operating safety devicesor safety guards, as required by OSHA or otherwise. It is purchaser’s responsibility that articles purchased are so equippedand safeguarded to meet OSHA and any other requirements before placing such articles into operation. 8. INDEMNIFICATION: Purchaser shall defend and indemnify and hold auctioneer and seller harmless from and againstall claims and liabilities relating to the condition of, removal of, or use of the articles purchased or failure of user to followinstructions, warnings or recommendations of the manufacturer, or to comply with federal, state, and local laws applicableto such articles, including OSHA requirements, and Environmental Protection Agency requirements, or for proximate orconsequential damages, costs or legal expenses arising there from. 9. CLAIMS: NO CLAIMS WILL BE ALLOWED AFTER REMOVAL OF GOODS FROM PREMISES OR LEFT ONPREMISES PAST ALLOWED TIME LIMIT. 10. RESPONSIBILITY FOR NON-DELIVERY: Neither the auctioneer nor the seller, in any event, shall be liable for nondelivery or for any other matter or thing, to any purchaser of any lot, other than for the return to the purchaser of the deposit orsum paid on said lot, should the purchaser be entitled thereto. 11. COMPLIANCE WITH TERMS OF SALE: In default of payment of bills in full within the time therein specified, theauctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidateddamages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without furthernotice, and any deficiency, together with all expenses and charges of resale including legal fees, will be charged to thedefaulting purchaser. 12. RISK TO PERSON AND PROPERTY: Persons attending during exhibition, sale or removal of goods assume all risks ofdamage of or loss to person and property and specifically release the auctioneer and seller from liability thereof. Neitherthe auctioneer nor his principal shall be liable by reason of any defect in, or condition of, the premises on which the sale isheld. Bidder acknowledges that an auction site is a potentially dangerous place with heavy equipment being operated andelectric circuits being live. Every person at the auction site before, during and after the auction sale shall be deemed to be thereat their own risk with notice of the condition of the premises, the activities on the premises and the conduct of third parties andthe Bidder shall so advise his agents and employees. No person shall have any claim against the Auctioneers, their agents,employees or principals for any injuries sustained nor for damages to or loss of property which may occur from any causewhatsoever. 13. CONTRACT MOVERS: If purchaser wishes to hire or contract with a machinery mover, rigger or other type of outsidecontractor, HEATH INDUSTRIAL. WILL NOT ALLOW them to work on these sale premises unless they have placed with theauctioneer PROPER INSURANCE protecting HEATH INDUSTRIAL and the people or company that the auctioneers areconducting the sale for against any or all claims arising from personal injury and/or property damage created by theiractions. This requirement is for the auctioneer’s protection – NOT FOR THE PURCHASER’S therefore the auctioneer suggeststhat the purchaser review the insurance policies of the machinery mover regarding the coverage that they have protecting thepurchaser and damage or loss of the equipment they may be moving for the purchaser. 14. ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer reserves the right to withdraw from sale any of theproperty listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or moreselling lots or to subdivide into two or more selling lots. Whenever the best interest of the seller will be served, the auctioneerreserves the right to sell all the property listed, in bulk. 15. SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: When items are sold by estimated weight, count or measure,the purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, anyshortage exists, the purchaser will receive a refund at the rate of purchase. If there be an excess, the purchaser will berequired to take and pay for such excess, at the rate of purchase. (See Paragraph 3 for time and Guarantee Limitation.) 16. DISPUTE BETWEEN BIDDERS: If any dispute arises between two or more bidders, the auctioneer may decide the sameor put the lot up for sale again, and resell to the highest bidder. The auctioneer’s decision shall be final and absolute. 17. RESERVE: The auctioneer reserves the right to reject any and all bids. On lots upon which there is a reserve, the auctioneer or his assigned agents, shall have the right to bid on behalf of the seller. 18. RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute. 19. INDEPENDENT CONTRACTOR: The auctioneer is acting as an independent contractor only and is notresponsible for the acts of its principals or sellers. 20. BREACH: Without limiting other remedies, we may limit your activity, immediately remove your bids or Item listings,warn our community of your actions, issue a warning, temporarily suspend, indefinitely suspend or terminate your membershipand refuse to provide our services to you if: (a) you breach this Agreement; (b) we are unable to verify or authenticate anyinformation you provide to us; or (c) we believe that your actions may cause financial loss or legal liability for you, our Users orus.
