Red Jacket BMF-AK

APPLICABLE BATFE AND NFA RULES AND REGULATIONS APPLY TO ALL TRANSACTIONS AND/OR TRANSFERS. Harris Auctions LLC is providing Internet pre-auction and live bidding as a service to bidders. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Harris Auctions LLC or anyone else if the Internet service is interrupted before or during the live auction. Harris Auctions LLC will not be responsible for any missed bids from the source. All items sold "as is, where is" with no warranty or guarantee. Bidders are encouraged to inspect any and all items or have a qualified party do an inspection for them, before bidding. All claims of condition and functionality made prior to the item being sold will be subordinate to the the Auctioneer's statement of condition as the item is coming up for sale. Two Days of Gun Auctions! Terms of Sale April 9 & 10, 2010 SALE NAME: CONSIGNMENT & TACTICAL GUN AUCTIONS BIDDER NAME____________________________________________BIDDER#________ PERSONAL PROPERTY TERMS AND CONDITIONS 1. The Auctioneer reserves the right to group items, add items, or delete items at his sole discretion. 2. Unless the sale of an article is advertised or announced to be otherwise, each lot is offered subject to the reserve price of the Seller. When an article is sold with reserve, the Auctioneer may bid on the Seller’s behalf. 3. All transactions are subject to the BATFE and NFA Rules and Regulations as applicable. All non-controlled items must be removed today. Firearms and controlled items must be delivered to the buyer through the designated Federally Licensed Firearms Dealer at their normal place of business. Bidder must provide, at his own expense, all labor and cartage to remove the property. 4. Buyer shall pay all city and state sales, use and other taxes assessed, due to, or resulting from buyer’s failure to provide proper documentation of exemption from such taxes. In the event a buyer should fail to qualify for firearms transfer for ANY reason, a 25% restocking fee will be charged to the buyer and deducted from refunded proceeds. Buyer also agrees to pay the appropriate Buyer’s Premium and any other applicable fees at close of auction. (All Credit Card Transactions are subject to a 3% “Convenience Fee). BATFE and/or FFL Dealer Transfer Fees are to be paid to FFL dealer at time of Transfer. Purchase price, including Buyers Premium & applicable sales taxes are to be paid into designated trust account at close of auction. Those proceeds will be held in trust until completion of application process & payment of federal taxes per BATFE & NFA regulations. 5. The Auctioneer and Seller make no warranties or guarantees, expressed or implied, as to the genuineness, authenticity, or quality of any item. Auctioneer and Seller are not responsible for advertised discrepancies or inaccuracies. Reference in advertising by goods of letter, words, signs or figures or otherwise are for description only, and are not representa- tions or warranties. Everything is sold “as is” and “where is”, except as expressly made in writing. No warranties, expressed or implied, are made as to the merchantability of any items or their fitness for any purpose, or otherwise. THERE ARE NO WARRANTIES WHICH EXTEND BEYOND THE DESCRIPTION ON THE FACE HEREOF. 6. In the event that the Bidder fails to pay the purchase price within the time prescribed by the Auctioneer, or fails to otherwise comply with the terms of this agreement, the Auctioneer may retain any deposit made by the purchaser until the item is later sold by subsequent auction. The Bidder shall be liable to the Auctioneer and Seller for any deficiency resulting from the subsequent auction, after applying the deposit to said deficiency. The deficiency shall be an amount equal to the original auction sale price Plus all charges and expenses incurred as a result of resale, less the resale Purchase price. 7. Bidder agrees to indemnify and holds harmless the Auctioneer and Seller of any and all damages resulting from the removal of the property from the auction. Upon acceptance of the bid by the Auctioneer, the risk of loss to the property shifts to the Bidder. 8. The Bidder acknowledges that he has had the opportunity to examine the goods purchased and have exercised this clause. SIGNATURE:_____________________________________________________________ Oglesby and Company Auctioneers - AB2577/AU3313 Harris Auctions, LLC – AB2873/3858 Definition of Classes Type 1 - For the purposes of this auction, Type I Firearms and Parts are those that you would normally buy from a retail dealer or gun shop.  Anyone of legal age and who has the ability to pass an NICS background check can purchase a Type I firearm. Class III - For the purposes of this auction, a Class III Firearm is any weapon that is regulated under the National Firearms Act of 1934 (NFA). These Include Machine Guns, Short Barrel Rifles, Short Barrel Shotguns, Suppressors, Destructive Devices (ie: Grenades) Disguised Firearms, Smooth Bore Pistols. An individual purchasing a NFA firearm, or Class III Weapon is required to meet the requirements of the NFA and pay a one time, $200 Federal Excise Tax. Class III Restricted - For the purposes of this auction, Class III Restricted is defined as a weapon capable of firing more than 1 cartridge with a single pull of the trigger and has been manufactured as, or referred to as “Post-1986”.  An entity purchasing a Class III Restricted firearm is expected to fulfill any requirement mandated by law, as well as pay an annual $500 Special Occupational Tax (SOT). Please be sure that you are qualified to purchase an NFA firearm.  We will not attempt to, nor be responsible for interpreting these laws. These descriptions are for informational purposes only and should not be relied on in a definitive sense.  We will not attempt to, nor be responsible for interpreting these laws. For more information on whether you or your organization qualify for the purchase of any firearm please visit http://www.atf.gov/firearms/industry/ or contact your local BATFE office. APPLICABLE BATFE AND NFA RULES AND REGULATIONS APPLY TO ALL TRANSACTIONS AND/OR TRANSFERS