Please make sure you have read the terms of this auction before bidding. The total purchase price, together with all applicable taxes (which buyer will bear unless exempt therefrom) shall be paid by buyer no later than August 5th in the form of cash, cashier's check, money order, bank transfer, or credit card with a 4% fee. 1. All cashier's checks shall be made payable to "1stStrike Asset Management". 2. No material can be removed until payment is received in full for all lots purchased or good funds are verified by the Auctioneer. 3. All purchases must be paid in full by Monday August 5th, 2019 and no partial payments will be accepted. 4. Failure to remove all purchases by the end of the seven day load-out period ending on August 10, 2019 will be considered a material breach of agreement of sale, entitling 1stStrike to all rights provided by law or the attached terms and conditions of sale. 5. A non-refundable storage fee of $100 per day, per lot will be charged to the buyer for all remaining materials, beginning 12:01 am, August 11th, 2019. 1stStrike, without prejudice, will cancel all sales and reclaim title to any and all materials still remaining on their premises after 12:01 am, August 31st, 2019. 6. All buyers must report to the security guard at the entrance gate and present their original receipt prior to entering the surplus yard. 7. Original receipts must be presented before removing any material from 1stStrike property. No photo copies will be accepted! 8. If you make arrangements for a transport company or third party to remove your purchases from 1stStrike property, you must ensure they have the original receipt and notify 1stStrike of your intent and the identity of the company or person(s) with permission to remove your purchases or we will not be able to release your items to them. To avoid conflicts and disputes absolutely no exceptions will be made to this policy. 9. All loads must be secured for transport by the Buyer or the Buyer's Agent so that they meet all federal, state and local motor vehicle codes. In the interest of public safety, no unsafe loads will be released from the yard. This requirement is being made in cooperation with local Fairbanks and Alaska State Police. Load-out Schedule Load-out begins 10:00 am Sunday August 4th, and must be completed by 5:00 pm Saturday August 10th, 2019. We are open for load-out Sunday from 10:00 am to 5:00 pm, and Monday through Saturday from 9:00 am to 5:00 pm. Tailgate loading only will be provided by 1stStrike Asset Management. A 6000 lb forklift will be available until June 22nd, 2019. All heavier items are the buyer’s responsibility. Buyers are solely responsible for any disassembly, tie down, and safety of their own loads. There is a 0% Buyer's Premium in effect for this auction. AUCTION SALE TERMS AND CONDITIONS 1. 1stStrike Asset Management LLC, (hereinafter Auctioneer), is conducting this auction sale for Alyeska Pipeline Service Company (hereinafter Alyeska), acting as agent for and on behalf of the Owners of The Trans Alaska Pipeline System (hereinafter Owners). All auction sales made shall be governed by the terms and conditions set forth herein. 2. All material is sold "as is, where is", without warranty or guarantee of any kind. Material is defined as any lot, item, or any portion there of. Alyeska, Auctioneer, and Owners expressly disclaim all warranties including, without limitation, warranties of merchantability, quality, condition, age, model, year of manufacture, and fitness for any purpose, warranties as to patent infringement and warranties regarding the condition of the premises on which material is located. 3. Buyer, on behalf of themselves and their successors, assignees and vendees, hereby waives, releases and relinquishes all claims whatsoever against Alyeska, Owners, Auctioneers and their respective agents, servants, and independent contractors arising out of or relating to the material purchased, its condition, use, operation, transportation, or resale including, but not limited to, claims based on negligence, warranty, contract, or strict or absolute liability. The buyer shall examine the material for possible hazards and for compliance with applicable federal and state laws and regulations. If the material is hazardous or otherwise defective, the buyer shall correct such hazards and defects prior to use or resale. 4. Any description of material including but not limited to odometer, mileage and hour meter appearing in any brochure, catalog, inventory or other document provided to buyer by Alyeska or Auctioneer is believed to be correct. However, any such description and any statement, whether oral or written, made by any person concerning any item is not necessarily accurate and shall not be construed as a warranty, expressed or implied. Buyer's failure to inspect the material or to satisfy himself as to its condition, quantity, location, or the accuracy of the description will not constitute grounds for any claim for damages or adjustments or for cancellation of purchases. 5. The total purchase price, together with all applicable taxes (which buyer will bear unless exempt therefrom) shall be paid by buyer no later than August 5th in the form of cash, cashier's check, money order, bank transfer, or credit card with a 4% fee. All cashier's checks shall be made payable to "1stStrike Asset Management". No material can be removed until payment is received in full for all lots purchased or good funds are verified by the Auctioneer. 6. The Auctioneer shall designate the buyer after each lot item is auctioned. If a dispute arises between two or more bidders, the Auctioneer shall have the right to reopen the bidding at his discretion. His designation of a buyer shall be final. 7. Title shall pass to buyer upon receipt by Auctioneer of the total purchase price. Lost titles that require Auctioneer to acquire a new title will incur a non-negotiable $200 title processing service charge in addition to any associated DMV fees. 8. Risk of loss or damage shall pass to Buyer on the day of sale. Buyer shall be deemed to have inspected the premises and to be familiar with all conditions relative to removal of material. All material must be paid for in full by August 5th and removed from Alyeska's and Auctioneer's premises on or before August 10, 2019. Removal time is of the essence. If the material is not paid for and removed by said dates, Alyeska or Auctioneer may, at their option, instead of or in addition to pursuing other remedies, cancel the sale, and/or store the material at a site of their choice and/or resell or otherwise dispose of the material in any manner they may choose. Proceeds of resale, if any, shall belong to Alyeska, Auctioneer, and Owners. All expenses of storage, resale, and disposal shall be borne by the buyer. In the event of such cancellation and resale, payments made by the buyer on account of the purchase price may be applied against expenses of storage and resale and against further damages sustained by Alyeska, Auctioneer, or Owners with any remaining sums not so applied being returned to the buyer. A non-refundable storage fee of $100 per day per lot will be charged to the buyer for any surplus materials remaining on Alyeska's or Auctioneer's premises after 08/10/19. Buyer agrees to hold Alyeska, Auctioneer, and Owners harmless from and against all loss or damages sustained as a result of buyer's failure to pay for or remove the material or for any other failure to perform his obligations hereunder. If title is relinquished as provided herein, Buyer hereby acknowledges title transfer to Alyeska, Auctioneer, or Owners and Buyer disclaims any further right to title or interest in the material. 9. The Auctioneer reserves the right to group lots, make lots smaller or to add or delete material at Auctioneer's sole discretion, as well as the right to offer individually and/or as a group. Auctioneer also reserves the right not to accept or acknowledge any bid which exceeds the previous bid by an amount less than the increase called for by the Auctioneer in the course of bidding. 10. Neither buyer's rights nor buyer's obligations shall be assigned in whole or in part without prior written approval of Alyeska. 11. Buyer agrees to pay and satisfy all claims for labor and materials employed or used by him in connection with or arising out of his purchase of auction lots, to permit no liens of any kind to be fixed upon or against Alyeska, Auctioneer's, or Owner's property by his laborers, mechanics, or suppliers and to indemnify, protect and save Alyeska, Auctioneer's, and Owners harmless from and against all such claims and liens. If any lien claim remains unsatisfied at the time delivery is to be made to buyer, Alyeska or Auctioneer may, at their discretion and without prejudice to any other rights or remedies, cancel the sale and/or retain possession of material until the lien has been discharged. 12. Buyer assumes all risks incident to being on the Owner's, Auctioneer's, or Alyeska's premises (whether owned or leased) and/or incident to this sale or the material sold. 13. Buyer agrees to defend, indemnify and save harmless Owners, Auctioneer, and Alyeska from and against any and all claims, demands, actions, costs, expenses, judgments and liabilities of every kind arising out of or related to the material purchased, or the inspection, loading, removal, transportation, dismantling, destruction, handling, resale, operation or condition of same, or any defects in such material (whether or not such defects existed prior to buyer's purchase) regardless of whether any fault or negligence of Owners, Auctioneer, or Alyeska or their respective agents, employees, or representatives, is a contributing cause thereof. 14. Buyer shall comply, and secure compliance by his contractors, agents, employees and representatives with all applicable "law", as hereinafter defined, in connection, with the purchase, loading removal and transportation of material. As used herein, "law" means statutes, ordinances, rules, regulations, laws stipulations of federal, state, and local governments, their agencies and authorities and any other agencies having jurisdiction regarding this transaction. Buyer shall defend, indemnify and hold harmless Alyeska, Auctioneer, and Owners from and against any liabilities and penalties which may be imposed on them by reason of any violation of alleged violation or alleged violation of law by buyer or their contractors, agents, employees or representatives. 15. Buyer agrees to obtain Alyeska's written approval prior to making publicity releases of announcements regarding buyer's activities or participation in connection with this sale. Use of owner's name or the words "Alyeska Pipeline Service Company" or "Trans-Alaska Pipeline System" or any abbreviation thereof, without the prior written approval of Owners or Alyeska is prohibited. 16. Buyer shall carry out this transaction in a good, businesslike, and efficient manner. Buyer will not for any purpose be deemed to be the agent of Alyeska, Auctioneer, or Property Owners. 17. All rights and remedies of Alyeska, Auctioneer, and Owners described herein are cumulative. Nothing contained herein shall in any way limit other consistent rights or remedies. 18. This transaction and the terms and conditions hereof shall be construed in accordance with and governed by the laws of the State of Alaska. 19. This agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof, and cancels and supersedes all prior negotiations, representation or agreements, whether written or oral. No changes, alternations or notifications to the agreement shall be effective unless in writing and signed by both parties hereto. 20. Auctioneer's premises is an active work area, and all persons entering the premises do so at their own risk. Auctioneer assumes no responsibility for property loss or damage, nor for personal injury occurring from any cause. Possible hazards to be aware of include but are not limited to: moving equipment, sharp edges, fall hazards, pinch points, pressurized tanks, slick surfaces, flammable substances, corrosive substances, shock hazards, and other environmental hazards. Children are permitted on the Auctioneer's premises when accompanied by an adult. Should children be found unattended, the entire party will be asked to leave.